Good morning, carl has the morning off. We want to focus on the state of mna in tech. There has been swings and others that were formally the prey have skyrocketed to valuation thats now give them currency to join the hunters. Between tiktoks impending sale, were seeing now in the second half of the year there is plenty of action still to come. Listen to what bob peck told us yesterday on that front. If you go back to march, it was about two billion. So really it ground to a halt. You saw in june, and it has been a tale of two cities a big acceleration and 3 q over 2q so you have seen a ramping here. People are getting more of a feel on valuation, liquidity concerns, their portfolios, s a strategic rationale and more mna continuing to take place through the rest of the year tiktok is the most talked about target President Trump saying he will not extend the deadline. Oracle is on the hunt to buy it, they didnt talk about it at all on last nights earnings call. We have more on what all
Is it time to bet on stocks that thrive and rebound in the economy . Thats what todays action said. Dow gaining 359 points the s p rising 1. 47 that was easy ooh, and the nasdaq advancing 1. 1 buy, buy, buy with many of the biggest losers of the year leading the way. [ moo i say not so fast. Look, we all want to go back to normal even after we lift the lockdown, the new normal will be different from the old normal. Im tired of the cliche, normal this, normal that. Things have changed for starters the new normal is less investable i dont think it makes sense to fall into the gap of Carnival Cruise or attend live nation concert. The streets roared theyre compressed springs given how far theyve crashed, i think theyve got more legs to them hey, if i were a Hedge Fund Manager id do these stocks by tradein state by state openings if i were an investor like you, i would let them run if i was stuck in them, then escape for the stocks well be talking about later in the show. You have to unders
Health. All three indexes finishing in the green. But one big dow component went in the other direction and that was general electric. G. E. Hitting a 6year low. A 6 billion charge related to their insurance operations. The company says its considering all of its options including a possible breakup. G. E. Stock losing 10 , and its down 40 the last 12 months. The volatile ride known as bitcoin dropping more than 20 tuesday forcing the cboe to temporarily halt trading on its futures exchange. It dropped below 10,000 before rebounding. The news comes amid the announcement that governments will be cracking down. Apple announced a 2,500 stock granted for most of its employees worldwide and are expected to contribute 350 billion to the economy the next 10 years. They will build a second corporate campus and paying a record 38 billion in taxes when it brings home a boatload of cash from overseas. Amazon announcing it narrows its list of candidates down to 20 cities. Its expecting to spend 5
Conversation continueded trying to come up with some alternative plan to keep the government lights on for an extended period of time. Some republicans floated the alternative, threeweek funding extension on allow time for no, on a budget agreement. And the status of those young people got illegally by their parents. Also avoid more of a Government Shutdown, government funding drama before President Trump gives his first state of the union adroes january 30. Earlier that was hope, two new yorkers, President Trump and the Senate Democratic leader would be able to cut a deal. We had a long and detailed meeting. We discussed all of the major outstanding issues, we made some progress but we still have good number of disagreements. Discussions will continue. Red state democrats donnely, jones, heitkamp, manchin, mckas kell voted in favor of the fourweek extension. Dilemma for Republican Leaders four republicans voted against it. Flake, graham, lee, and rand paul of kentucky. Earlier the maj
Health. All three indexes finishing in the green. But one big dow component went in the other direction and that was general electric. G. E. Hitting a 6year low. A 6 billion charge related to their insurance operations. The company says its considering all of its options including a possible breakup. G. E. Stock losing 10 , and its down 40 the last 12 months. The volatile ride known as bitcoin dropping more than 20 tuesday forcing the cboe to temporarily halt trading on its futures exchange. It dropped below 10,000 before rebounding. The news comes amid the announcement that governments will be cracking down. Apple announced a 2,500 stock granted for most of its employees worldwide and are expected to contribute 350 billion to the economy the next 10 years. They will build a second corporate campus and paying a record 38 billion in taxes when it brings home a boatload of cash from overseas. Amazon announcing it narrows its list of candidates down to 20 cities. Its expecting to spend 5