When you ask somebody who is not from california what californias biggest industry is, they will often guess technology. Thats incorrect. They will say, its probably entertainment because they are thinking of hollywood. That is incorrect as well. The answer is just south of here. Its agriculture. Just south of Silicon Valley, you will find artichokes and lettuce and Strawberry Fields forever. Plenty wants to bring agriculture into cities with robotic farms inside perfectly controlled and with amazingly high yields. Nate story is the cofounder. Thanks for being with us. Your vertical farms are shipping to 32 stores . You will build a new one in los angeles . Thats right. We are building a farm down there to ship to hundreds. How big can these farms get . When i talk about those fields that are just south of me sometimes i can smell the garlic and onions here in Silicon Valley. We are talk about miles upon miles. You are talking about a building. Can you scale to reach demand . You know,
Estate being among the hardest hit. Planning to peaches beaches planning to reopen in time for memorial day as well as clubs in florida as there has been a resurgence of the credit virus in texas. I will ring in taylor riggs who has been digging into the movements of the day. Early losses and late game, where did tech land . Taylor the second day in a row with earlymorning losses that transitioned into gains in the afternoon. Tech for a second day upper forming the s p 500. It is not coming from big tax. The ndx, the nasdaq 100 the other performer. You are not getting the leadership from big tech you would expect in a rally. This is the second they were big tech lacked and the other performer in all of the tech stocks. You mentioned retail sales and Industrial Production all bad news. On the flipside, Consumer Confidence better than expected. That is where you get smallcap stocks like the russell 2000, focused on that semester consumer, that was the big outperform or that on the domest
You told me things were very frothy a lots happened since then. The wework had just come out. We know what happened with the wework blowup theres been this sense that you saw with the wag news. Theres been these companies have raised an extraordinary amount of money and pitching themselves as Tech Companies that really went Tech Companies. Wework was not a Technology Company. Swag not really a Technology Company, and the combination of trying to get the technology valuations on companies that shouldnt be trading that way and companies that are just raising too much money and have no financial discipline. Hopefully some of that is coming to an end but i still think valuations are going to be crazy for a while. I think, if anything, this signals the beginning of the end of these shoot the moon sort of Business Plans what i mean by that is we just they dont work for two reasons. One, companies are raising a tremendous amount of money and they do that primarily to try and have some sort of
Wisdom turned bearish. All morning. We keep hearing the same thing from the socalled experts why wont this darn market stay down wheres all this money coming from dont people realize the earnings will be down this year versus last . Thats a negative litany i hear everywhere i go, even colorado even with that u. S. Air force academy. People still betting on recession. They think this is merely a fed mandated bubble and the buyers are going to get crushed and that i am way too positive the but every day something happens that contradicts the bari bearish narrative. I get it its hard. I admit it the pessimists are looking at all the wrong things i have to let you know where theyre going wrong so you dont make the same mistake. Ill walk you through individual stocks that i got wrong. Okay exhibit a. Hpa. They reported an okay number just okay. And its beloved ceo stepped down for Family Health reasons bad. And lore Enrique Loris took his place. Before the plan was announced, the stock of h
The day after may soon be aokay with your boss. It is wednesday, september 25th. Fbn a. M. Starts right now. Brandnew day. A brandnew day. Lauren it is a brandnew day on fbn a. M. Good morning. Im lauren simonetti. Cheryl brandnew for your money. Good morning, everybody. Im cheryl casone. Lauren it is looking a little better this morning. Lets show you yesterday after House Democrats ramped up demands to impeach President Trump. The s p 500 and nasdaq seeing the worst days in a month. Cheryl taking a look at futures, were seeing more pressure man. We had stabilization earlier in the market. Global markets under pressure. We have further fall for the dow, 72 to the downside, subpoena down 9 andahalf s p down 9 andahalf. Lauren the yield on the treasury stands at 1. 64 . Cheryl taking a look at oil, price of crude is lower again. Saudi arabia continues to repair their facilities damaged in the recent attack, being blamed on iran. Gasoline prices in this country down a fourth straight day