Mosaic day where lots of stocks went their own way based on the whims of traders, not investors. The nasdaq climbed 0. 2 . Well start with the stock of kroger up 11 today for ages the market has been brutal to this Supermarket Chain writing it off but kroger had an Analyst Meeting and mercy mercy me it got up after its been guiding down for years just when everyone started to give up on this one, fleeing from the stock because of competition from costco, from walmart, from amazon, by ail dlalinddi they tell us theyll earn 230 to 240. The street was looking for 219 it makes sense that kroger stock roared higher. When i spoke to rodney mcmullen, a true gentleman he made it clear many of his longterm initiatives that hes talking about to win customers are working, especially the restock kroger brand i know it sounds simple but rodney said theyre telling the story about food kroger is food first he regards it as a distinct competitive advantage and had success with personal finance initiat
The real story has been Energy Prices lets look at what is happening with wti right now it is at 92. 50. Yesterday, it closed at the highest level in ten months. Check it out right now highest level since november 7th of last year there is bitcoin which is back above 27,000 we noticed this yesterday toward the end of the show. It was trading at these levels higher this morning at 27,319. Lets get you updated on the uaw strike shawn fain looking to expand the strikes if the deal is not reached. Here is the video he posted on x. If we dont make serious progress by noon on friday, september 22nd, more locals will be called on to stand up and join the strike. That will mark more than a week since our first members walked out and that will mark more than a week of the big three failing to make progress in negotiations toward reaching a deal that does right by our members auto workers have waited long enough to make things right at the big three. We are not waiting around and we are not mess
Goldman Sachs Technology conference right here in san francisco. We will hear from technology heavyweights over the hour, including the ceo of gopro, ripple, and Goldman Sachs. The year is set up in a way in which i think it should be very constructive for m a activity and ipo activity. Activity. We have got a very healthy ipo backlog, but we also have an environment for a variety of reasons why meeting should set up to be a pretty good year. Are private market valuations private healthy right now . I think private market valuations have heightened the months. The last 1224 capital has been tighter for private market funding. I would not say that valuations are bubbly. Environment where growth was sluggish, investors were looking for a place where there was growth, and Silicon Valley is a place where there was a lot of growth. You look at a company like amazon, it is growing 30 on when hundred 80 billion of and 80 billion of revenues. These are Big Companies with large market caps. The
Our coverage this week from the Goldman Sachs Technology Conference right here in san francisco. Well hear from tech heavyweights throughout the hour including the ceos of gopro, ripple, and Goldman Sachs. Lets kick it off with david solomon, Goldman Sachs resident and cocoo. David the year is set up in a way in which i think it should be very constructive for m a activity and ipo activity. Ipo activity started to pick up toward the end of we have got a 2017. Very healthy ipo backlog, but we also have an environment for a variety of reasons why meeting for a8 should set up strategic year for m a. Private market valuations, are they healthy right now . I think private market valuations have heightened the bit over the last 1224 months. Capital has been tighter for private market funding. I would not say that valuations are bubbly. In an environment for the last five years where growth was sluggish investors were looking , for a place where there was growth, and Silicon Valley is a place
A group of students who survived that School Shooting are on a 400 mile state trip to the capital to pressure lawmakers to change gun control laws. They plan to hold a rally and it will mark one week since that mass shooting in parkland, florida. A londonbased lawyer, alex van der zwaan, admitted he misled investigators about the last time he spoke with rick gates, a former associate of asked Trump Campaign chairman, paul manafort. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is Bloomberg Technology. Russian bots take on u. S. Gun control. Butia is in during it Twitter Campaign against america. Plus, walmart margins hit record lows. How investors are reacting. A potential gold mine for advertisers looking to cash in on the newest era of connected cars. But first, to our lead. Russian bots were caught following certain hashtag