Good thursday morning im Carl Quintanilla with jon fortt and Julia Boorstin is with us for the hour. Stocks in a whipsaw range, down a couple hundred up 100 here. S p 500 up 25 or so after the dows near 1,000 point loss yesterday. Worst day since june on pace for the worst month since march. But then you get a stock like pinterest. Good guide coming up, going against the grain. Julia, remarkable price target increases. Basically doubling what some analysts saw the stock trading to yeah. A lot of positive responses to those numbers there. Really a beat across the board, carl what is so interesting to me is what we saw in this quarter from pinterest is last quarters results were not just a blip but that this is a company that could stand to benefit over the long term from some of these trends were seeing during covid19 there is some surprising, funny Little Things like the fact that pinterest grabbed four million new users due to the fact that people are going to pinterest to find inspir
Good Tuesday Morning welcome to squawk alley. Were with you for the hour, what a fascinating market day, john walmart and home depot tickiki things off then for awhile there a bit of a tumble the dow briefly at its biggest loss plenty of dynamics to watch as we watch the retail earnings and the progress on stimulus big stocks and big tech in particular apple is fractionally higher amazon perhaps riding that retail news overall. Up better than 2. 5 . Alphabet up about a percent. Microsoft lower, and then there is oracle. In the news because of this tiktok bid, perhaps, carl. I dont know if there is anyone not bidding for tiktok lets start off with exactly that as a source tells cnbc that oracle has entered the race to buy tiktoks u. S. Operations. Walt, you know what my first take was on this microsoft was telling this story about their focus on the enterprise now theyre bidding for tiktok and oracle, how does it facility them at all . Does everyone just have to have a look microsoft ba
Good thursday morning. Welcome to squawk alley. With Morgan Brennan and jon fortt at the New York Stock Exchange we watch the markets being whipped by some of the trade headlines. We also have two big ipos in focus today as well. We await the first trade of smile direct club. Lets bring in bob pisani to talk about that and overall iep landscape. We heard valuation is not there, does this mean the ipo market is overrated. Slack, first earnings report, growth wasnt as strong as people thought, not a good idea, growth is not as strong. Some software companies, now theres jitteriness. This week we had three big names, all being upsized waiting for smile direct to open 19 to 22 pricing at 23 looks like and ten x genomics. Upped it to 38 it opened at 54 talking little more than a week ago, 31 to 35. We open at 55 a gene sequencing company, biotech is a hot space overall we wait tomorrow for cloud fair. Another software company, out there, Website Security and other things, was 10 to 12, 35 m
applause bob schieffer, welcome. Thank you very much. So good to be with you again. Well, you and i have been friends for a long time. Long time. Its nice to see an old friend. Watching what youve done down here and the role that the Texas Tribune is playing in journalism right now. Youre the template right now youre the template right now for what needs to be done. Well, i appreciate you saying that very much. This book is a terrific tale of tales, right . Its a collection of tales of people who are attempting to solve this problem that youve identified, correctly. The world is changing, the Media Business is changing, the Consumption Habits of the public have changed. What did you find in the course of your investigations, your conversations . Well, whats happened here, walt mossberg, the Technology Writer who now is kind of the king of the internet, with the reports on technology and whats happening. He once said that when youre in the middle of something, you sometimes dont realize
This group showed us how it is done. Two stellar interviews in one day. And these students ask some hard hitting about Immigration Reform and the dream act. We are asking students to choose a section of the u. S. Constitution and create a video illustrating why it is important. Our competition is open to all middle and High School Students grades six through 12. 100,000 in cash prizes will be awarded. 5,000 willize of go to the student or team with the best overall entry. At contest details studentcam. Org. All this week, washington journal is hosting authors from the past year. Next, henry olson on his book the workingclass republican, Ronald Reagan, and the return of bluecollar conservatism. This is just over an hour. Joining us now is henry olson , senior fellow at the ethics and Public Policy center, also the author of the workingclass republican, Ronald Reagan and the return of new color conservatism. He is here as part of our spotlight on authors to talk about the future of the R