Million and this is a 1 billion ipo. And a sign of confidence inty, po market, and more Important News with the ipo trading, opening up moments ago, Acacia Communications opening after meeting the highest range. This is the second ipo priced well in the last two days. And yesterday we had the Landscape Supply which is the biggest distributor of landscape products, and they finished at 30 at the close after pricing at 21, and so two successful ipos and a big one just announced. Carl, the market is starting to open up for ipos. A good thought. Thank you, bob pisani. It is 11 00 in cupertino and we are live with squawk alley. Im going home when i want to go home im going mobile keep me moving im going mobile good to have you with us on this friday. Kayla tausche and jon fortt and myself and also joined by our guest, and good to see you. And this is what trump had to say last night on hannity. This is a toy owned by jeff bezos who controls Amazon Amazon is getting away with murder taxwise,
For the democrats, seven examples today of the Mainstream Media, tech giants, backing the left. They flatout hate trump. Target, now, theres a stock thats going to fall out of bed today. Slowing sales and one and a quarter Million People signing that boycott petition due to the bathroom policy. Youve got to think thats having a Chilling Effect. And this, too, what will this punch, we closed the shot and we didnt see it and it was wristling at his jaw. What will that punch cost the guy that threw him. My answer is, it wont cost him much. If hed done it on the street, the guy would be in jail. Politics, money, assault, we cover it all. Varney company is about to begin. Trouble, trouble, trouble, trouble ray lamont dague. By the way, bernies voters are vowing, never hillary. And the democrats are hopelessly split. More in a moment. Big stock story this morning is target. Lower sales, lower outlook, that stock is going to be down big. Now, the numbers from target relate to the quarter that
Feds speak is bouncing us all around the block. Well get to that. Our road man begins with hails celestial, delaying 30 , citing an accounting review, reporting it does not expect to reach its anticipated sales in profit levels. Cramers off but hes going to call in on this one. Its also a huge week for retail. In the spotlight, home depot, we dig into the company and the positive out like. Well take a look at where we may go from here. Hails celestial announces it will delay its Earnings Report due to accounting issues. And simon is on mad money back in may when, he talked about hiring outside counsel, take a listen. Our business got a lot more complicated. What i decided to do is call some outside help. A little unlike to you do that. People thought maybe he need some help personally or whatever. All right. And with that i brought in some outside help and to come back and look at hain all of these Big Companies hire 0based budgeting. So what i decided to do was take a look, how do we
Francine a little less good than expected. Tom you saw it in japan as well. One of the themes is the commodity data, showing the same gentle it is all gentle, quiet. Francine until it is not gentle anymore. Tom exactly. That is where we are right now. All in all, commodities. Francine looking forward to it. Lets get to the first word. The author is now on the table for the beer deal. Buying sab miller, giving them control of more than one fourth of the beer market. The weight was cleared for the deal went sab miller agreed to sell it stake in miller course in the u. S. Meanwhile, the worlds fourthlargest beer maker carlsberg plans to cut 2000 jobs, a 15 reduction. They are trying to reduce costs largely due to a drop in russian beer sales. Alliance of an leftwing parties has ousted the Prime Minister less than six weeks after the last election. The leader of the socialist party has asked the president to form a new government. So far, no word if it will happen. Russia is calling for a
In credit and money supply, Chinas Central Bank has given another indication that would that it will hold off on any major stimulus. Live today from beijing. Scott, what does this say about the state of chinas economy . Not going toere see any big bang in stimulus these days. We are also not going to see any major pullback just yet. The economy grew at 7. 5 in the Second Quarter. The forecasts are that it is going to stay close to that rate for the rest of the year. We have heard these kinds of warnings before, but it is interesting coming directly from the central bank, which obviously should have a handle on the situation. A secondquarter Monetary Policy report. How does this one compare with the previous statements we have from the pboc . Actually, back in november, they issued a report, another quarterly Monetary Policy report and said it is going to be a longterm deal averaging in chinas economy. Not repeatedually that phrase since then and i dont believe it was in the latest repo