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
Protesting facebooks failure to address the vast proliferation of hate on its platform. Facebook responding saying it will change policies to prohibit hate speech. The fallout was felt far and wide across the tech sector. What is the impact, guy . These are hand full of companies but has the levee broken a little led zeppelin way to go with the zep reference right at the top the day trade, now its a lot bigger than that and i absolutely think its a big deal facebook is so far behind the curve. They are zigging when they need to be zagging. They need an emergency meeting because as we said three nights a ago, those Companies Might be the first and now last hershey, prok tits showing a l things going on. Facebook acted as a monopoly for a long time. They never had a focus on these things now when they have to focus on it, they are sort of dammed if they do and dammed if they dont. Advertisers had to accept whatever it was facebook put out there. I really commend verizon, hersheys coming
Quiet morning as far as weather goes so far abundant sunshine you saw at the bay bridge and you can see it over as well. Looking out at the horizon, not really a cloud in the sky to be seen. So skies are going to remain nice and clear throughout much of the day today as we work our way through the forecast we are going to see winds picking up into the afternoon. Thats really good going to be the only thing that interrupts what is otherwise going to be a pretty pleasant. One ahead of us. Some 60s for your highs in San Francisco 70s and oakland well, san jose in the 80s, im talking more about some cooler temperatures in the next couple of days still to come james. Thank you john new this morning. A new report finds that Violent Crime on barges up more than a 115 over the last 5 years including robberies. And aggravated assaults, a grand jury report finds the agencies also facing some Serious Problems when it comes to keeping its ridership the report shows bar last 8 of its ridership sinc
New bull run as we get ready for the second half of 2019 . The Halftime Report with scott wapner begins right now. Welcome good to have you with us this monday joe terranova, scott brown, sarat, shannon here. Dow closing in on a new record again. New pace for its best month since october of 2015. Its been a great month. Were going to roll into the second half with pretty good momentum whats going to decide whether we can keep it or not . Well, i think the prevailing trends will remain intact. Take a look at microsoft and walmart. These stocks continue to roll up anyone thats been betting against them have been out for a long time. A lot of people are coming to those stories new. Its shocking how big those market caps are for the respective sectors but you till have people coming to these sectors saying i missed a lot but i still feel theres upside i think that continues the two best looking sectors believe it or not right now away from tech continue to be Consumer Staples xlp. And agai
[inaudible conversations] the committee will come to order and without objection the chair authorized to declare a recess at any time. Pursuant to the committee rule, the chair announces that she may postpone further proceedings today when a recorded vote is ordered on the question of proving a measure or matter on adopting an amendment. This morning we will consider h. R. 2722, the securing americas federal election act targeted bill to modernize the nations election infrastructure and responded t respond to the g attacks on our democracy. As we all should know and now appreciate ouit nowappreciate od as special counsel mueller said to interfere in our election in the 2016 president ial election. When outsiders meddle in our election if an attack on the country and we cannot release to the Cyber Attacks of the state actors on their own. While we have made progress to bolster our defenses it is clear from the analysis of our Intelligence Community and a host of independent experts from