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Transcripts for CNN Early Start With Christine Romans and Laura Jarrett 20211022 09:51:00

world, this friday edition, it ended the week in asia mixed. europe has opened higher here. on wall street, stock index futures at this hour are also nearly mixed here. it was a mixed day for investors after some positive news in the labor market. dow barely moved. dow is up 21% this year. the nasdaq also closed higher. first-time jobless claims fell to their lowest level since march last year. 290,000 americans filing for benefits. a red hot september for real estate. sales rose 7% last month. the median sales price up 13%. this is, get this, 115 straight months, that s 9 1/2 years of year over year price increases in the american housing market. the tight inventory of homes has begun to improve. in august then worsened again in september. at the same time demand is still strong. that s what s pushing prices higher. all right. the dodgers keep their world series dream alive with a historic performance from chris taylor.

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Transcripts for CNN Early Start With Christine Romans and Laura Jarrett 20211022 09:23:00

deploying the national guard to help ease the stress on the privately controlled supply chain, but a white house official quickly walked that back. the president s comments highlight just how serious the crisis is. there is no quick fix. the bipartisan infrastructure bill could help prepare the supply chain for the next problem. that bill calls for federal investment in each step of the network. former president trump using a wall street financing gimmick to take a new media company public and access millions of dollars. he wants to bank roll his so-called free speech social network which is already banned users from criticizing it. cnn s matt egan explains. reporter: christine and laura, former president trump is planning the tierney of big tech. the company is known as trump media and technology group and it s going public through what s known as a spac or special purpose acquisition company.

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Transcripts for CNN Early Start With Christine Romans and Laura Jarrett 20211022 09:25:00

platform without the scrutiny of a traditional ipo. it s worth noting, trump s companies have a history of filing for bankruptcy. filing for chapter 11 four times throughout his career. this is also not trump s first foray with wall street. in his previous ipo trump raised $140 million in 1995 from public investors for trump hotels and casino resorts. but, christine and laura, the company posted loss every every day and it was bankrupt. matt, thank you for that. weekend note programming for you. as princess diana s popularity reached new heights, her private life became more difficult. in a new episode diana appears sunday night at 9:00 only on cnn. that s why we set out to help make it easier for everyone to move forward financially. see how we can make a difference for you at pnc bank.

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Transcripts for CNN Early Start With Christine Romans and Laura Jarrett 20211022 09:24:00

essentially, it s a shell company that has a blank check, and he can use that money to merge with private companies and bring them public. spacs are all the rage on wall street with athletes, including shaquille o neal and alex rodriguez along with politicians like former house speaker paul ryan, all of them get involved. it s gotten to the point that the sec recently warned investors not to invest in a spac simply because a celebrity is involved. in this case, trump is teaming up with digital world corporation, a nasdaq listed shell company. wall street gave the trump deal a standing ovation on thursday. digital world shares more than quadrupled finishing the day 357% higher. that the despite the fact the latest security filings don t indicate how much revenue, if any, the new trump company generates. it s likely to be minimal because the social media company hasn t even launched yet. for trump, going public via spac will give him the money that he needs to build this social media

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