Buyer beware, ipos that have doubled do not have a great track record after the debut. Plus the president and tiktok, he says hes not prepared to sign off on anything for an oracle tiktok deal. And wall street poised for a sharply lower open following the feds pledge to keep Interest Rates low for years and Technology Stocks do lead the declines speaking of which, jim, sounds like your conversation with joe a moment ago kind of rings with what Credit Suisse says today about tech valuations overall, that is that there is some excess and theyre lightning their weight at least on software. I count 30 companies that are selling at 30 times sales and then theres a number, even more, maybe another ten that are selling above that, 50 times sales for zoom along comes snowflake at 100 times sales. You just have to put the stop sign up because what it says is theres going to be so much supply that is coming. Look, if you own a company youve been waiting for it to come public you just got the gre
Manufacturers, in an effort to less lessen dependency on foreign pharma. This visit ties directly to the start of the president s tariff wars back in january of 2018. Thats when he imposed 30 to 50 tariffs on imported washing machines that were mostly coming from south korea appliance giants lg and samsung. Since that time, whirlpool is up, just over 2 , while the s p 500 has scaled gains of 19 over the same period of time. Also, whirlpool has Just Announced some layoffs. We will take you straight back to ohio when the president speaks. But to the markets. Just a second ago, the nasdaq touched a record high, 107 points to the upside. We are still up about 101 at the moment. 100 points above the 11,000 mark. Right before the closing bell yesterday, the nasdaq actually kissed the 11,000 mark. We noted it, seconds since the bell was closing. Well, it closed one point below. Will we see it close above 11,000, if it can hold on to its gains it will notch its fourth Straight Record close. Do
Washington and the world talking, microsoft eyeing an acquisition of tiktok and is this comes after President Trump threatened to ban the app in the u. S. Over security concerns. The president made an about face and gave microsoft the go ahead to proceed with the deal josh lipton has the very latest. So, melissa, President Trump also weighing in here. Take a listen to what he had to say today. It will close down on september 15th unless microsoft or somebody else is able to buy it and work out a deal, an appropriate deal, so the treasury of the, really, the treasury, i guess you would say, of the United States gets a lot of money so, why is microsoft interested in tiktok well, its a wildly popular app with 100 million users already here in the u. S. Engagement trends are strong analysts note that users already spend over an hour a day on the app. Patrick moorhead emphasizes two broad reasons why this could make strategic sense one, he argues microsoft is relatively week in Consumer Ser
Washington. Why quincy, washington . Guest my coauthor and i chose quincy, washington because its one of the data center capitals of the world, if you will. Its near the Columbia River and data centers are being built there because its close to hydroelectric power in both cheap and clean. We take the reader on a tour of if you will, of what is becoming the infrastructure of the 21st century and these mammoth buildings more than 20 of them filled with Electrical Generators and hundreds or thousands of batteries but of course, mostly Server Computers and everything we do in almost every day is accessing or storing our data in the cloud and it means one of those data centers. Host you have 100 of these in 20 countries, is that correct . Guest more than 20 countries, more than a hundred data centers and microsoft is one of the largest but Companies Like google and amazon, facebook and apple were all building more and more of these data centers and it is where we are storing our data and th
Weapons traitor to Digital Technology has become both a tool and weapon. Its great all kinds of benefits but all kinds of challenges as well and where to grapple with both sides to that equation. Host your book is essentially a world tour that begins in quincy, washington. Why there . Guest my coauthor and i chose quincy because its one of the data center capitals of the world. Its near the columbia river. Data centers are being built there because its close to hydroelectric power that is both cheap and clean. We take the reader on a tour of what is really becoming the infrastructure of the 21st century. These mammoth buildings, more than 20, filled with electrical generators, hundreds, thousans of batteries but mostly server computers. Everything we do. Almost every day is accessing or storing our data in the cloud which really means one of these data centers. Host you have 100 of these in 20 countries . Guest more than 20 countries come with an 100 data centers. Microsoft is one of t