From the president for being inaccurate or misleading. While twitter makes it impossible to retweet the flagged post, trump posts on facebook are being spread. We will get to that and more this hour. Meantime, in the last halfhour, we got word that michigan has gone to former Vice President joe biden according to cnn and nbc and at this point, if he wins nevada and holds arizona, where some boats are still being counted, he will win the president ial election, but there are legal challenges a foot. President Trumps Campaign threatening to sue over vote counts. Michigan says it is declaring victory in pennsylvania where votes are still being counted, but first, i want to talk about the market which kicked off one of the biggest postelection rallies in history. Its best day since june. The nasdaq had its best day in months. With so much uncertainty, why are the markets outperforming . Abigail it is pretty incredible because it does not make sense on an intuitive level initially. Investor
And s p 500, nas in six weeks. Yeah. Well start with tech. More broadly, ipos and big tech valuations have been surging culture questions continue to brew in Silicon Valley as well i want to talk about that and a lot more with long time venture capitalist whose newest venture is a private and middle school with entrepreneurship baked into the curriculum Draper Associates founder tim draper joins us now. Tim, good to see you i want to start with your take on these markets i was talking just yesterday to the founder of rike. He said he isnt going public this year because he underestimated how well the ipo market was going to perform in a pandemic has that surprised you and what are you saying about it to your Portfolio Companies . Absolutely. I was blindsided i didnt realize that the government was going to print 13 trillion it has been strong for bitcoin and it sure has been good for the Public Markets particularly the tech stocks that have benefitted from that and i think people many p
Tonight as crews push to try to control the spread of the glass fire before another red flag warning takes effect. Thanks for joining us at 5 oclock everybody im grant lotus and im Vicki Liviakis at this hour the glass fire has burned more than 48,000 acres. It is 2 contained. Parts of napa and sonoma counties remain under Evacuation Orders and more than 68,000 people have been forced to leave their homes. So far the fire has destroyed at least 97 structures and damaged some 17 others right now more than 22,000 other buildings remain threatened cal fires expected to hold a press conference any minute now to bring us the latest when that starts well bring it to you live in the meantime though it has now been almost 48 hours since the entire town of calistoga had to be evacuated while winds were calm today. There is renewed concern about what could happen to that town as the weather gets worse tonight. Fours dan dan live for us in the napa valley with more dan. Were live along one 28 thi
In the Company Canteen or something but as you know im a big fan of yours and a huge fan of your first book on google, now to come back at this particular moment and talk about facebook, the inside story couldnt be more timely and am going to start off we have lots of places to go with this, im going to start off with something timely, as we came to do the show you heard about the hacking of twitter the fact that trump is going to facebook to get the message out, facebook has had a lot of criticism for a lot of things over the years and i actually wrote a column recently questioning why Mark Zuckerberg has not fact checked the president. Kalisher take on this, what is this relationship between facebook and the white house between facebook and free speech, im gonna throw your big question along to off. Thank you for doing this now and its good to connect with you again. Like a lot of things, you cannot tease that one problem of facebook from the sea dna in its origins in the case of tru
The oil industry preparing for the worst. The president of the Louisiana Oil and Gas Association is about to tell you how barry could impact black gold and gasoline prices and you know what, you could even triangulate how it will affect stocks in the energy sector. On wall street, today the s p 3,000 is in sight for the third day in a row, but can we lock it in . Right now we are nine points above it. Got to stay tuned for my whole hour here. As for the dow, it locked in 27,000 yesterday. We are well above that right now at 27,274. The nasdaqs joining the party, on pace for a record close as consumer favorites like industrials and Technology Power todays run. Plus, President Trump joining forces with none other than the oracle of omaha . At least in his thinking, putting facebooks crypto ambitions under a harsh spotlight. Our top tech panel is here to tell us what it means for the Digital Currency world. Less than an hour to the closing bell on this friday. So glad youre with us. Could