Stimulus watch and of course, palantir, we are awaiting the opening trade set to begin really at any moment. Alex karp, the ceo will join us right here on cnbc immediately following the first trade, jon as we said, its been a long road a lot of filings. A lot to read about the company, voting structure, privacy, you name it. And the Business Model at large. Yeah. And its another big, big ipo but very different from snow flake, which we saw which has a ton of customers, large and small and kind of this very broad play on data in the cloud. This is a company thats dealing with big data and has just a few really huge customers, carl. And thats where well start this morning, jon. Josh lipton has more on what to expect once the first trade happens. Hey, josh. Carl, a master of creativity. That is how Ceo Alex Karp describes his company, palantir. A data miner, its software ahows customers to integrate volumes of data into a central platform where it can then be securely analyzed and interpr
600 milliondollar bet for coty. All this on making money. Charles were finally pulling back. Dow, s p from record territory. There are more reports out of china the negotiation, the u. S. Hasnt shown a positive response to pulling back all the tariffs. President trump continues with the same line he is holding firm. Take a listen. China will have to make a deal i like. If they dont thats it, okay . Im very happy with china. Theyre paying us billions and billions of well be over 100 billion in nottoodistant future. China never gave us 10 cents. With that being said, i have Good Relationship with china. Well see what happens. Im very happy now. If we dont make a deal with china, i will raise the tariffs higher. Neil big loser is home depot. Weighing on the dow. Missed on Comp Store Sales for the Fourth Quarter in a row. Then there is kohls. Tell you both of these companies, you listen to management see what they have done, seems to be more Company Specific than any kind of proxy on the e
Party he saw advertised on instagram. Arenda, i aint got to worry about nothing. Reporter but the Halloween Bash turned into a nightmare when someone opened fire killing five people. [ sound of gunfire ] rapid shots going off. Everybody screaming trying to run to save themselves. You just see people dropping and falling and trying to makt out. I dont think this has ever happened in arenda, anything like this at all. Reporter the arenda city council wants to do everything it can to make sure nothing like it ever happens again. Theyre considering ways to crack down on Short Term Rentals including possibly banning them entirely. What weve tried to do is give the counsel as many options that we think are reasonable. City staff says requiring hostonly rentals where the owner is present and special permits are also possibilities. After last weeks shooting, many neighbors are too rattled to show their faces but say airbnbs pose too many risks. Too dangerous. We dont feel comfortable. Reporter
All starts about 8 30 a. M. Eastern time it is the busiest day of earnings season bringing you reports of 3m, hershey and more like comcast september durable goods orders and the latest read on home sales. Tesla shares soaring. Earning 1. 86 per share versus a loss of 1. 82 per share they have reported producing 300,000 vehicles the company saying it is ahead of schedule with its new giga factory in shanghai and on the long awaited model y cross over and expects that launch by next summer what ceo elon musk said on the Conference Call for demand of electric vehicles. When flat screens came out, it was a big step in demand because now getting a flat screen was much better than having a small crt screen tv weem see the same thing instead of just buying a car because their last car wore out, theyll buy and electric car because it is fundamentally a better car. Big numbers for investors to a large degree on prediction of when this motdle y will come and when this factory will be on board.
Josh, tell me. How do you think the markets are going to react now, assuming this passes as early as next week, according to the president . Yeah, you know, its really something. Were now going to get a massive fiscal stimulus which we could have used seven years ago, but well get it now, and its squarely aimed at probably the one area of the economy that needs it the least, corporate profits, but, fine they are going to give it to us, and its going to be great for stocks and maybe some of that is already priced in, but were going to get that on top of still having very, very historically low interest rates. No rush in terms of the rate at which rates will rise. Somebody from the fed yesterday said they are not going to counteract fiscal stimulus with what they are doing to Monetary Policy so maybe there will be some space in between where that can actually take effect. Look, the most important thing you just said is whether you debate, and there are others weighing in, whether its Jef