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
Down big right now. In an attempt to get back to business in texas. Were going to speak with one restaurateur about how it went and what he sees ahead it is monday, may 4th. This is Worldwide Exchange right here on cnbc good morning, good afternoon, or good evening, welcome to wherever in the world you may be watching. Im Brian Sullivan the question is this, will the second trading day of the month be better than the first right now it certainly does not look like it dow futures are off about 240 points the dow opening the month on friday, losing more than 600 points it was the nasdaq hit harder Big Technology down over 3 . Apple, amazon, the big names you know disappointed some investors. Although its not gone negative again, oil is a big risk to the markets and investors as well and crude oil is down again. That is that june contract its higher as you look out july and august right now oil down as well as we have reported often over the last week or so, just a reminder, even as deman
That is one crazy piece of video. Im melissa lee. The record run continues today. The dow hitting a new alltime high. The s p 500 close and the nasdaq is having its best with oneday gain in nearly a month. Tech stocks are rallying and so are financials. Small caps do well with the russell 2,000 with the best day since november 11th. Im tyler mathisen. Here is what else is happening. North Carolina Governor Pat Mccrory conceding his reelection effort to democrat roy cooper. The ism nonmanufacturing index moving for the 82nd straight month. Its not as it is now at its highest level since october of last year. And National Steak and poultry is recalling nearly 2 Million Pounds of readytoeat chicken probabilities because of possible bacterial contamination. Marcus is here, the profit is in the house, he will be with us throughout the show, the whole show, with so much to talk about. So much. A lot of things from politics to the markets and much more. Yep. But first, to the trump rally and
Theyre not like strict rules and if you read through it everything pretty much says when possible. Thats the gray area where we dont have definite answers. I feel like lets just see what it is and open it up and see if it will be okay. If its okay well stay open. I was scared and frightened this morning. Even if they open up, the more we stay away from things the safer we feel. Three members of the white houses Coronavirus Task force dr. Fauci, director dr. Redfield and fda chief hahn are all now either in self quarantined or modified quarantine because of potential exposure at the white house. One of the president s west wing valets and Vice President s press secretary both tested positive. The secret service also has 11 covid19 cases. President trump changed up his plans to spend the weekend at camp david which he announced on friday to, quote, for meetings on Different Things with joints chiefs of staff and the meeting held last night in the cabinet room. Joining me now, chief White