Says and the three, count them, stocks he likes. Okay. Well stocks well off their heigs this hour. The dow was up 173 points earlier on in trade. Todays big ipo stumbling out of the gate. Dom chu is on the floor with the juicy details. Mandy, tyler, the big deal here is this ipo here for pure storage at post eight right behind me. It was supposed to be this barometer, if you will, of tech ipos and the appetite for that kind of investment or risk in this marketplace. It priced at 17 bucks a share, right in the midpoint of the range. They sold 25 million shares. So again this company wanted to see their stock go up out of the gate. However, what youre seeing up there on the chart is down 5. 5 , near the lows so far today. Its traded in a range. It went as low as 16, as high as 17 at one point. As you can see on the bottom of the screen, this company is important for a lot of us viewers out there because it was one of the cnbc disrupter 50 companies from 2015. Those companies that were we
Thanks very much. We have a puzzle here. I have the rapid update of gdp in the Fourth Quarter but the data which leads to a downgrade also makes economists optimistic. Here is the data. Q4 tracking 2 . That is down 0. 3 because of the data this morning. Q3 gdp 2. 1 . Thats tracking right now. Here is the Fourth Quarter outlook. Bank of tokyo mitsubishi at the high end at 2. 8 . Goldman sachs, barclays at 2 . Atlanta fed gdp, 1. 8 . Morgan stanley at 0. 9 . Here is the data that brought down the growth forecast despite the down grades though some see reasons for optimism for the Holiday Shopping season. Jobless claims ticking down 12,000 to 260,000. Thats back in that low range weve had before making people optimistic about consumers have jobs for the Holiday Season. Durable goods up better than expected, 3 , and here is the big numbers here. Personal income up 0. 4 but spending doesnt keep pace. Up just 0. 1 which can only mean one thing. The savings rate ticks up. 5. 6 . So whats the
Folks . Hes making a big difference. And the Company Square is coming around later today getting ready to go public. Pricing tonight. We ask is the Unicorn Party about to end. Mandy . But we do start in paris where Police Hunting for the suspected architect of the terrorist attacks raiding an apartment, two are dead and several arrested. The french prosecutor is set to hold a News Conference any moment now, so lets get to Michelle Carusocabrera who is live in paris. Michelle . Reporter and we are eagerly awaiting that press conference, mandy, because we think they will get more details about the raid that occurred on this street overnight and the dramatic events that happened there. Here are the details we know so far. Seven are arrested, at least two are dead in what unfolded here. And i say at least because one french official spoke with the Fashion Assembly earlier today and he used that phrase as well, at least two are dead, and now there are local french media reports that a third
And this morning the iea says it sees the oil glut worsening. The big reason, demand growth now is slowing while opecs out look continues to boom the ieac Global Market is supplied until at least the end of next year. Wti with 36 and change down another 1 . Even brent at 39 and natural gas, look at that, below the 2 mark. We were you messed it up yesterday. Halftime report we were up like 150 or something . Almost 200. Almost 200. We ended up, up 80. What did you do . Which guy was it do you think . Were you on the show. They were both there. Could have been either one. Or could have been each. But, you know what i think honestly what did happen, oil got weaker and weaker and in the old days if oil went down, it was party. Sit that people think its not as slower or. What is it . The iea saying its demand and not supply. Last two weeks we decided it was all supply. Every guy we had on said it was supply. Maybe its just that the shorts out there in the market are just leaning on it becau
The exchange. Stocks currently moving back up towards highs of the day. Bob, okay, it is a rally but how low is the conviction at this stage . This is a rally but not with a lot of conviction. We need a little more buying enthusiasm. Were not getting it right now. But still 200 points, nothing to sneeze at. We had a nice move up prior to the open because productivity numbers were better. We are now approaching the highs for the day. Little bit of a midday rally. Lets look at the markets in the middle of the day. Right now 3 2 advancing to declining stocks. Heading towards 2 1 very shortly. Moving in that direction. Volumes been moderate. Not saying this is heavy. This is the lightest volume since weve had this volatility. Speaking of volatility, vix is below 30. Just a few points moved there. Dow leaders, fairly broad advance here. Home depot is one of the few dow components up this quarter. These are nice advances. Just not seeing much volume. It is not a normal volume day for most of