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Good monday morning welcome to squawk squawk im jon fortt with Carl Quintanilla and julia. Were in the final stretch of 2020 were focused on two big ipos, airbnb and doordash. Airbnb is bouncing back strong doordash saw demands surge both of those companies seeing encouraging demand for shares and to define the future of the gig and sharing economies. Leslie picker has the latest on the ipo process. Its important to underscore the rarety of this level of issuance in a single week. Excluding spacs, were expecting to see more than 7 billion worth of ipos this week. Since the start of 2014, only three other weeks have surpassed that kind of volume. Most recently, in mid september there was, if you remember, there was a big week of software debuts unity, jay frog went public. The only week thats saw greater issuance was in may of 2019 when uber went public and then september 2014 when alibaba went public what is different this time, ....
World . And another heatwave in the northwest. Wildfires continue to rage in california and colorado. How technology can battle the blaze. But first, stocks ending the week mixed. We saw a tech slide. House Speaker Nancy Pelosi saying the divide still persisting in stimulus talks with the white house. Lets get the latest from bloombergs abigail doolittle. Abigail another bumpy one. Had decentay we gains for stocks. Options Expiration Date tends to bring volatility. We saw that into the close. Often you have traders that need to hedge on different positions around the options to the underlying security. The nasdaq 100 earlier today up pretty sharply, then closing down about 4 10 of 1 . A bit of a bearish reversal for the nasdaq 100. One of the big drags was amazon giving up big gains on the day. Ay may not have been as inspired as it was last year. Something we talked a ....
Long time venture capitalist bill gurley joins us to talk about the path forward for Tech Startups and a new normal. Committee by a tommy autonomy, we will hear from an exclusive interview coming up. Are hearingtocks losses today as a fresh round of stimulus has been affecting the stocks. Lets bring in abigail doolittle. This has also touched the Biden Campaign and senator Kamala Harris and a couple of her aides. How does this impact today . Abigail there were so much movement. On the open, you had all of the major averages down. This has to do with the resurgence of the virus in europe. I would argue that that was the main bearish factor for the day. As trading went on, the cooler heads prevail. The s p 500 is a little bit down. There is a greater than 1 loss. That index is more domestically oriented, so that would suppor ....
Sorry to cut it a bit short today, a lot of news today thank you. Meanwhile, welcome everybody, this is squawk alley, were continuing to hunt for indications and clues. Meadows, kudlow, mnuchin all saying mild symptoms, and leader mcconnell says just ahead a great phone call with potus. We talked business and that really has taken over whatevertrack we might have ordinarily spent on the jobs number we wish the president and the first lady well. We wish everyone well who has had a diagnosis of the virus and there are all kinds of questions now about the state of president trumps agenda clearly the Senate Majority leader trying to emphasize that part of things remains on track as far as the Supreme Court nomination and more, carl, but yeah, well just have to see as well how the markets continue to react to this. Amon jabbers, take stock of the information were getting from all ....
Good to see you. Cant wait to talk to you about all of those things. What kind of a grade would you give on the direct listing yesterday . I would give it an a. It didnt have the wild volatility or a huge amount of money left on the table that traditional ipos have. I think it was a pretty good day for direct listings. Spencer, good morning, you took zillow public nearly a decade ago if you had to do that again with a company, that is the same, would you do Something Else . I would either do a dreskt listingov or a spac merger. They dont allow the company to leave money on the table we went public at 20 a share. We closed at 37. So we lost a lot of money on the table for an ipo so i think that there is a lot of innovation in the ipo space since a decade ago when zillow went public and i think there is now great alternatives available. Its julia here we look forward to sees what you do with your speak a question for you now that it ....