Pence jonins us this morning. Those Deadly Wildfires in the west just keep growing. Hundreds of blazes burning out of control. Were live from the fire zone and the double tropical threat. Two possible hurricanes now on track for the south. Florida and texas already hit hard by the pandemic now bracing for the powerful storms. Arrested. President trumps former campaign chief and top adviser steve bannon charged with defrauding hundreds of thousands of donors to build a border wall. Bannon taken into custody on 150foot, 28 million luxury yacht. College covid crackdown. Health officials warn about parties driving the spread. At least 22 states reporting outbreaks on campuses. North carolina state blames offcampus parties for moving to online classes. Judgment day. Actress Lori Loughlin and her husband just hours away from learning their fate as a judge gets ready to hand down their sentences on zoom. Both about to face prison time, but for how long . And friendly competition. Okay, you wa
Price. Peloton fell sharply in the first day of trade, down another 5 endeavor pulled the plug on its offer late last night. A headline in the times asks is the ipo party over bob greifeld, chairman of virtue financial, and author of the book market mover. Lessons from a decade of change. Great to have you back happy friday great to be here. We would love you to help us draw a thread through some of the ipo pricing weve seen this week, the offers that have been pulled what should investors be keeping in mind right now . Well first, i would say we have to recognize the ipo market generated over 50 billion of capital this year. I remember back in 2003 when i started with nasdaq, we had zero ipos and zero dollars raised lets keep it all in context i also want to make clear you have a number of ipos that have come public which are not nyow making money peloton yesterday, their market cap is 10 billion thats about ten times revenue to me, when i hear and read about whats wrong with the ipo
we will look at taiwan in the moment and the implications of nancy pelosi s trip there. we start with oil and the impact high prices is having on the global economy. nearly every country is struggling with the climbing cost of oil and gas as it fuels inflation and households struggle to pay bills so much so that president biden visited saudi arabia last month to persuade the major oil producer to increase supply and cool soaring prices. saudi arabia meets today with the other members of opec plus to decide on their next move. our middle east business correspondent sameer hashmi has more. another opec plus meeting but this one is a crucial one that comes with them if as of august producing the same amount you are back most members of opec plus in the uae only to members which have limited spare capacity. that boils down to them whether they will be able to boost production substantially to balance the market and bring down oil prices. it s very unlikely they are going to mak
A designated humanitarian corridor in both the Syrian Military and rebels deny launching attacks. And south korean prosecutors demand a thirty year journey to present we get the latest on landmark corruption trial from so. Little movement will continue im on the. Chilis top court is just handed down a verdict on whether german cities can ban diesel vehicles from downtown areas the federal ministers of court in leipzig has ruled that minister of the parties are allowed to impose driving bans on diesel vehicles environmentalist have been calling for a diesel ban for years they say thousands of people a year die prematurely as a result of rockridge and dioxide emissions from diesel car exhaust authorities in some cities one favor off at least partially bans the did not believe thats current laws allow them to impose restrictions. Now Political Correspondent simon young has been following the Court Proceedings in leipzig he joins me now from up on im interested ians here in berlin some fir
Eyewitness News Reporter david oh, live in front of the state house with an update. Good afternoon, anita. Good afternoon, rahel, well there is battle mostly boiles down to disagreement over governor Chris Christies proposal to overhaul the states Largest Health insurance provider, allowing the states access to horizon Blue Cross Blue Shield reserve funds in order to funds certain programs like addiction treatment. The long their this Government Shutdown drags on, up to 35,000 state workers, could be affected, and placed on furlough. Right now innocentessential services such as the dmv are shutdown, on our way here to new jersey, we also saw several signs along the highway reminding people that state beaches and parks will also be closed. Now, Senate President Steve Sweeney expected to meet here with horizon ceo and other lawmakers afternoon, he said it is time all sides come together for a compromise. Egos have to go out the door now, no lines in the sand. We have to have conversation