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
Benefited from the stay at home trend, both popped into the open both have gone lower all day long big swings and stocks are set for the second straight week of losses the s p 500 just fell through the 50 huday moving average. 59 minutes to go on a volatile day, week, and final hour of trade. The s p 500 is flat right now. Fwha but that belies the volatility that youre talking about. We have a big lineup on the show coming up, the ceo of kroger will join us on the back of the companys strong Earnings Report better than expected guidance as well plus, labor secretary Eugene Scalia will be with us to discuss the job situation in the country and the renewed push by some companies to bring workers back to the office and one brookings economist has a bold idea to get america back to work and speed up the recovery pay people to have a covid19 vaccine. But lets get straight to the market another wild session to close out a roller coaster week. Mike santoli is tracking all of the action today
Sharp selloff by friday. Look at the week that was with dow industrials down 4,000 points on the session. Thats 17 on the week. The nasdaq was down 995 points, 12 and a half percent lower and s p down 406 points, 15 lower on the week. President trump deploying the National Guard to new york, california and Washington State to fight what he calls the invisible enemy as more people are told they must stay home in the heavilyhit states. More companies stepping in the fight the war against coronavirus, meanwhile, they are working with the white house to manufacture mustneeded supplies and medical equipment. Plus more businesses forced to shut down as tighter rules go into place. St. Louis Federal Reserve president warning that Unemployment Rate could soar to 30 . Mornings with maria is live right now. Maria lets check Global Markets with ftse 100 in london 236 points, european indices red across the board. Cac quarante down 150 points and dax index down 243 down. In germany Angela Merkel i
As the hosts take a 2 1 series lead. On set with the cast of the new series of the crown we get exclusive access, including a royal audience, of sorts. A person made a vow in her 20s to serve the nation, she is now in her 90s, is extraordinary. Serve the nation, she is now in her 905, is extraordinary. A north easterly wind could develop, if you show is around two, but will they dampen the fireworks later . Your full forecast on breakfast. Its tuesday, november 5th. Our top story Party Leaders will step up Election Campaigning today by challenging their opponents plans for brexit. Labour and the conservatives will both attack each others proposals for leaving the eu, while the lib dems will officially launch their stop brexit agenda. Lets take a look at some of the detail. The Prime Minister has published a letter to the labour leader Jeremy Corbyn, demanding that he comes clean to voters about his brexit strategy. Mrjohnson poses five questions for labour to answer. Jeremy corbyn is o
When the buyers shares about guyer that tells you the market approves of the deal one of the main reasons why all three major averages had record closes today dow gaining 191, s p jumping 0. 57 and nasdaq 0. 23 you have to wonder why they took so long. Eliminating commissions on trading, well, theyre going to make it on credit balances that forced the rest of the industry to follow suit. Because the others made a lot of money from commissions their stocks were clocked. But Charles Schwab took advantage swooping in to buy Td Ameritrade for 26 billion and now they have 5 trillion under their belts. House of pleasure i remember goldman debated it schwab is less than 20 billion from you and gaining on you. Very to wonder if schwab at this point has a Better Business model for the future particularly for millennials unless the apple credit card turns out to be huge goldman has catching up to do and could double its assets and still not come close to the new schwab a lot critics worried abou