Dow briefly fell more than a thousand points over three sessions now just around that line. It will be the worst week for the year for the dow as long as it is below 26012 i think. Selloff in tech stocks leading to market decline this week. Who better to turn to than bob peck who joins us this morning great to have you back. Thanks for having me again. Appreciate it. It has been a crazy few weeks in the ipo market. What do you think people are misunderstanding or getting right . Couple things first of all, benchmark, the s p up 15 give or take. You look at all tech ipos this year, they are up a little less, around 13 give or take. If you do x, youre up 20 actually you are okay, whats interesting if you look at first tick to now, tech ipos are down slightly the question is whats driving that what youre hearing or seeing is investors are looking at a couple different things. One, whats the revenue visibility of the companies, is there a backlog of a recurring nature so one of the things
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
Hello, everyone. Welcome to the bayview bistro. [cheers and applause] i am San Francisco mayor london breed, and i have to tell you, first of all, when it is hot in San Francisco, it is hot in the bayview. [laughter] i mean, really hot. On a regular basis in the bayview, and potrero hill neighborhood and the mission, we know that those are the hotspots in San Francisco. I just came from the sunset and it is hot in the sunset. I knew it was going to be even hotter in the bayview. Im really excited to be here today because nothing brings the Community Together like food, and here is an Incredible Opportunity to really not only enjoyed the Delicious Food provided by some amazing vendors , but this is also an opportunity for the community to come together. When i was growing up in San Francisco, we had food houses. Remember . We could go to somebodys house and buy some nachos or some chicken or some banana pudding, but times have changed. We dont have the grandmothers and the folks who are
After his remarks, he took questions from cspan viewers. This is ou this is one hour. Please welcome mayor bill de blasio. Lasio how is it going . Do you want the truth from politicians . You want the whole truth . Then im going to make a confession right here. I love the iowa state fair. I am in love with it. My time. First its amazing. And the people of iowa have been welcomingd so throughout this whole election. I want to tell you about someone i love and i want to introduce her to you. She is my wife of 25 years, charlene mcrae. Come on up. [applause] and i want to tell you, as first lady of new york city, she is has done something amazing. It is something i know people all over iowa care about, too, and that is that she has taken on the challenge of Mental Health. She made sure people got help they deserved and needed. She has fought the stigma to make sure no one goes without care. Who believes we have to end that Stigma Around Mental Health . All right, thank you, my dear. Now,
And on the 2020 trail president ial candidate joe biden facing heat after new blunders tragedy in pennsylvania. A fire sweeps through a day care five children killed a firefighter loses three of his children just ahead, what may have sparked that deadly blaze. All of that, plus captured a doorbell camera gives police a break to find the fugitive a desperate fiveday manhunt now at an end. New chapter after a year filled with heartbreak and hope. Bode and Morgan Miller join us to share wonderful news about their family and incredibiles simone biles flips, twists and soars into the record books. Her sixth National Title today monday, august 12th 2019 good morning, Everyone Welcome to today. Thank you for being with us on a monday morning feels like gymnastics theres simone biles and everybody else. Announcer from nbc news this is today with Savannah Guthrie and hoda kotb live from studio 1a in rockefeller plaza. Good morning, Everyone Welcome to today. Thank you for being with us on a mon