Anticipated ipos cnbc confirms that doordash and airbnb is expected to release the valuations in the upcoming s1 amendments and particularly door dash seems to be employing a technique that weve seen before from epic in doing this ipo pricing process and also getting quite bate of interest because of the pandemic right with so many more options like a three main options on the table now to go public, its interesting that door dash is forging its own way, elements of the traditional ipo with an auction process. Carl and jon, what is interesting about these two ipos, they were talking about this earlier, i heard leslie say something, benefitting in different ways from the pandemic also the strategy. They went to local smaller markets, particularly doordash going to the suburbs but, carl, you see airbnb, there were not many options to go to hotels or get great lodging in the smaller places thats all people want to do now. The they want to avoid the big cities and go, you know, outside of
From taking center stage in jackson hole, and investors will be hanging on every single word she says. Cnbcs senior economics reporter Steve Liesman is on the ground with what is sure to be a very big day for the fed and for the market. Steve . Reporter yeah. Melissa, good to put it in context. For the past several years the fed meeting in jackson hole has taken place amidst a crisis, the financial crisis and the fear that the European Union would break up. Labor slack is coming out of the labor market. Were making frustratingly slow progress and the some progress on inflation, and i think that gdp growth in the second half of the year will be stronger because the consumer is strong, and even the Second Quarter gdp number was disappointing, because of a inventory number and final demand was strong and i think the case is strengthening. Im not going to speculate on which meeting. Reporter so theres still plenty that the fed is worried b. U. S. And global growth. Been sluggish. Inflation
Jims alma mater harvard set to face cincinnati. So far, it looks as though stocks will open to the upside, as markets appear to be taking in stride crimeas vote in favor of leaving ukraine and joining russia, this comes after a week in which the dow had its first fiveday monday through friday loss since may 2012. Jim, good to see you. Good to see you. Referendum dominating the news flow over the weekend. U. S. Says under no circumstances is it going to recognize that. What does it mean for the markets today . I think that whats happening is there are oligarchs cashing out. We see a lot of sales of treasury last week. I have to believe that some of the russians are to be thinking, okay, if they do capital controls, ive got to get out of the u. S. , that was a lot of the selling. This was one of those big, bad event owes cs occurs, nothing h. I think they hope it go as way. I think people hope putins done or maybe hell say, look, i think that maybe its reasonable for me to have a corrido