billionaire's club gets bigger as slack becomes the latest tech start—up to join the new york stock exchangebut 20 years on, are we seeing the return of the dot—com bubble? plus, losing patience! the fed abandons its wait—and—see approach on interest rates and signals it's ready to cut them for the first time since 2008. and on the markets, that major shift from the fed boosts global stock markets and sends the dollar to a 5—month low. yields on us government bonds also tumbling. we start on wall street where yet another tech company lists its shares on the stock exchange later. it's been a huge year already for technology share sales, so much so, that some are already asking if we should be worried about another dot—com bubble like the one that burst so spectacularly in 2000. so, what's happening today? well, it's the turn of messaging app slack. when its shares start trading on the new york stock exchange, it could value the company at around $17 billion, making its founder, stewart butterfield, the newest tech billionaire. slack is a group chat app for businesses rather than consumers. it

slack is open to trading on the new york stock exchange, trading on the new york stock exchange. we have been waiting for it all morning. slack had had a reference price of some $26. it is not an ipo. it is a direct listing for slack, very different to the been seeingwe have for other silicon valley companies. 50% atover 50%, close to slack opens for the first time on the new york stock exchange. it's valuation has increased somewhat throughout all of that time. we are looking at a $60 million valuation. thatve been waiting to see for some time. looking now that it has a market cap of $19 billion. $16ad been estimated to be million for slack. it's last valuation was close to 17 -- $7 million -- $7 billion. david: i am glad that you brought up slack. we have some way to reinforce that with us now, abigail doolittle. the valuation has gone up and up and up. it looks like $19 billion. all of this relative to the direct public offering has to do with the reference price, which initially was $26. in the way the bankers got that number was looking at 2019 revenues, which are expected t

thejump in the its new york stock exchange debut. price puts the value of the company at around 25 billion us dollars. as samira hussain explains, slack‘s debut is another unusual path, pioneered by spotify. many were watching slack's debut on the stock exchange primarily because it decided to list directly. that means it didn't have a traditional roadshow where it spoke to investors to get a sense of how much interest they would be in the shares. he didn't use banks to underwrite any potential losses, and it was the exchange itself that set the initial price for the share. the only other big company that went a similar route is the music streaming site spotify. so why is this significant? well, if slack's debut is deemed as a success, then it is entirely possible that we may see other silicon valley companies do the same. air b&b, for example, has suggested that it may also opt for a direct listing. samira hussain on the slack ipo debut in new york. in other news making headlines, apple has several corporations warning the trump adm

billionaire‘s club gets bigger as slack becomes the latest tech start—up to join the new york stock exchange years on, are we seeing the return of the dot—com bubble? also, the fed signals it's ready to cut us interest rates for the first time in a decade, boosting global markets. good to have you with us on this thursday. a warm welcome to the programme, briefing you on all you need to know in global news, business and sport. and you can join in the conversation. today, we'd like to know if you bought into the dot—com boom at the end of the 1990s, and if so, were you badly burnt? what is your cautionary tale when it comes to investing in the stock market? get in touch — just use the hashtag #bbcthebriefing. after ten days of frantic arm twisting and cajoling their fellow mps, the four men vying to become britain's next prime ministerface a crucial day. two of them will be eliminated throughout the course of the day, with the final two announced around 6pm. on saturday there will be nationwide hustings to secure the votes of the 150 members —— 150,000 hustings to secure the votes of the 150

diane king hall at the new york stock exchange. thank you, diane. >> you've got it. >>> still ahead, a long lost love. a d-day veteran reunites with the french woman he fell in love with 75 years ago. right now at kohl's... take 25% off our best active brands! save on young men's under armour tees... women's nike shorts - just $26.25... kids' nikes - only $39 dollars... and men's adidas - $56.24... plus - get kohl's cash! kohl's. seaonly abreva cany to help sget rid of it in... ...as little as 2 1/2 days when used at the first sign. abreva starts to work immediately to block the virus and protect healthy cells. announcer: support more victories for veterans, go to dav.org. >>> here's a look at today's forecast in some cities around the country. >>> it's a love story that spans a lifetime. k.t. robbins reunited with his long lost lover during a recent trip to france for the anniversary of d-day. robbins was stationed with the u.s. army in france in 1944 where he fell in love with jeannine pierson, the local french woman. the two wen

exchange" right here on cnbc >>> welcome back in. good thursday morning. thank you very much for being with us on cnbc. i'm brian sullivan stockures are higher, much higher in fact, something really interesting is happening right now. this, my friends, is why you get up so early to watch us on "worldwide exchange. the s&p 500 is 0.94% from a new record high. right now s&p 500 futures are up 0.93%. that is how close we are from a record high if the market opened up now the yield on the ten-year note fell below 2% earlier this mo morning. rear at 2.00% right now. buyers have come into stocks and bonds. 12.5 trillion, that's your number of the day. we'll show you what it means and why it may be impacting our bond market and maybe impacting mortgage rates as well we have to get to that big breaking news out of the middle east oil prices up 2.5% after an american drone was shot down over the strait of hormuz. u.s. calling it an unprovoked attack let's get to hadley gamble live in the region. >>> good morning that's right now, u.s. officials, at least one of them has confirmed to nbc news that a u.s. rq-4 goblobal hawk drone was sho

he joins us tonight from the new york stock exchange. good to see you. >> very goodd and g to be on with you, thank you. >> quick primer of options and how they work >> sure. well an option is really just an siden the call options.'l that's what diskuz. our upside bet that is the market will go higher. whether it's for apple or the s&p 500. when it's trading at a certain level, if somebody thinks that the level it goes to is up here, bill, they'll buy thep calls at that strike because if they're right, those calls can make them 50%, 100%, the returns are astronomical because the leverage bet and some of the biggest players on the street use options every day. >> you're seeing a lot now. >> i am. that gives me optimismenf prestrump and xi when they meet ieejapan. i haveshort dated call buying. again b, if the levels here and they're buying up h'se, bill, thbullish. they're also buying way up here. so in other words, there are some bets that the market will rise in the short-term over the next wk or so, 1 to 2 ter%. that's not extraordinar

. >> good afternoon, and welcome to the closing bell, i'm wilfred on the floor of the stock exchange s&p on pace for a record close that stock surging 55% on its first day of trade as a public traded company >> i'm sara eisen, we have breaking news. the white house holding a meeting with congressional leadership to discuss iran we'll have more on that shortly. first we want to tell you what is driving the action. a dovish fed driving stocks to record levels. treasury yields are falling with the ten year yield breaking a key level of 2% and oil is spiking over those concerns over iran >>> also coming up on the show, house financial services chair maxine waters on why she wants a hearing over facebook's crypto play, libra. join us, stephanie link, from levine, welcome. are you doing buying today >> little bit. little bit >> like what >> little semiconductors >> semis >> little broadcom i started a position last week when it fell 8% on the day and i just kind of think that the valuation makes a lot of sense and we'll see. it's a china proxy for sure, so something good has to happen on tr

gerri willis has more from the new york stock exchange. gerri? reporter: first trade on the stock 38 1/2. if you will remember the reference price that the new york stock exchange made public last night, 26 bucks. they did very well indeed. you can see the pricing right here. it went on for a while. it was longer than spotify to get the thing out of the chute. what is so interesting about a direct listing handled by citadel security. this is capitalism like you never see. market-maker matching sell and buy orders. very clear thing to do. no investment bankers who add in their layer of fees. slack company becoming public. this is incredibly popular category frankly. cloud software category. a lot of companies coming public in that category have done very well indeed this year. let me tell you, zoom video, 70% gains on their first day. this company has 10 million daily active users. what is interesting about that? only 88,000 corporate users. few users are actually paying for privilege. there has to be some kind of a conversion of people to paying c

mobile telecoms company at tel africa so she has full 15 percent of the listing on the london stock exchange a subsidiary of struggling indian telecoms giant tail and already lowered its initial pricing in anticipation of week to manage its all africa still raised 595000000 pounds it listen simple to any asli on the nigerian stock exchange. while africa's mobile network continues to grow its leading to turf was consolidations and new entries the fight for customers is intense especially between the top 2 companies at tel africa and m t n he you can see exactly where they're active and how they overlap and hell is present in 14 countries in sub-saharan africa from the jets to madagascar as well as africa's most populous country nigeria but it's only the 2nd biggest telco they can look at market leader m.t.n. it's headquartered in johannesburg and has 17 countries under its belt it also has a huge leading customer base with almost 171000000 people signed up compared to ed tells 99000000 or the mobile phone is a life changer on lake victoria it's many islands mostly accessed by small canoes cut

we start with stephen guilfoyle at the new york stock exchange. is this risk of potentially miscalculating a single move with iran and heading to a potential war, is that being considered by the markets right now which did hit record highs earlier? >> i think you have to be aware of everything. the g20 next week for certain but with iran, you have to have a certain level of exposure to all the defense contractors, the aerospace names, the tech names, the cybersecurity names. i think that's very important. and you just mentioned gold. you have to remember when you look at gold that it's not so much gold by itself, it's gold versus the dollar. dollar's down half a buck today versus the whole basket, mostly the euro but versus the whole basket. i think you have to understand that while gold is breaking out, and i think you need some exposure there, i like to go with 5% to physical gold, for folks at home, you can manipulate that through gld and futures markets to another 2.5% to 5%, but i recommend 7.5% exposure to gold. i can go on and on but let's

bobasez sawny following the action from the new york stock exchange. >> what's behind the rally?here'sot of yu foreuphoria about u.s./china trade talks. energy led the gains, crude oil spiked almost 6% after iran struck a down u.s. drone in what was called an unprovoked attack. it is amid recent attacks on oil tankers in the persian golfers. the market took aip briefly midday on president trump saying iran made a big mistake, quot unquote, and hinting that the u.s. could consider a strike against iran, but it bounced back soon after when the president appearedpeo sculate perhaps the drone was shot down in error. after all, trade also playedpa in today's moves. stocks moved higher on a headline coming from the south china morning post that china and u.s. negotiating teams may be meeting as early as tuesday next week before the big g20 summit. what's missing from the rally? we're lacking some fundamental fire just look at carnival cruise line today. it is cutting its full-year forecast because of weaker european booking goes and more travel restrictions. carnival closed down 8% and

we look at the latest start—up — workplace app slack — to join the new york stock exchange.from london, that's our top story on thursday 20th june. the business communication app joins uber, lyft, wework and pinterest to go public. with more than 200 initial public offerings lined up in 2019, are we seeing signs of the same tech bubble that burst two decades ago? we bubble that burst two decades ago? will be getting also in the programme... bubble that burst two decades ago? north korea welcomes bubble that burst two decades ago? china's president xi today — a hugely important visit for a country so dependent economically on china. and the markets in europe are all heading higher, following the lead from asia and wall street the night before, we will tell you all you need to know about the latest fed decision. tradition meets technology — the remarkable turnaround tale of german camera—maker leica — whose most famous fan is the queen. today we want to know — hong kong's richest man will pay students fees at a chinese university. is philanthropy the way to support students an

she is the president of the new york stock exchange. what she had to say. >> it is excellent for small investors to have more companies come to the public markets. when companies stay private, small investors don't have access to those opportunity. some of the fast etf growing years in a company's life are early in their life cycle. so we want to make sure that small investors have access to those opportunity so that everybody is on a level playing field with respect to the opportunity that exist here in this country. reporter: so why is this different from, for small investors, from a regular ipo? because the big allocations go to the big investors in a regular ipo. doesn't happen this way with a direct listing. only small investors get involved. it can be volatile, see the share price go up and dramatically. hopefully it doesn't go the other way. charles, back to you. charles: gerri willis, thank you very much the you could feel the buzz down there. i want to bring in david dietze and money map investment strategist keith fitz-gerald.

diane king hall at the new york stock exchange.nk you, diane. >> you've got it. >>> rafael na day does it again, raising the trophy after winning his 12th title in the tournament. room. and release them bae so, try febreze fabric refresher. febreze finds odors trapped in fabrics and cleans them away as it dries. use febreze every time you tidy up to keep your whole house yoelling fresh air clean. to wear another day. make febreze part of your clean routine for whole home freshness. a lot will happen in your life. wrinkles just won't. neutrogena® rapid wrinkle repair's derm-proven retinol works so fast, it takes only one week to reveal younger looking skin. neutrogena® seaonly abreva cany to help sget rid of it in... ...as little as 2 1/2 days when used at the first sign. abreva starts to work immediately to block the virus and protect healthy cells. abreva acts on it. so you can too >>> here's a look at today's forecast in some cities around e st. blues d zdenara s made it boston broke the game open with four third-period goals. th

slack making its public debut right here at the new york stock exchange via direct listing.t its reference price of $26, the software company valued north of $15 billion. could be 16 billion or 17 billion. we'll have an interview with stewart butterfield. that's at 8:00 a.m well have more on this debut probably one of the biggest in terms of enterprise companies going public during this ipo vintage. we awere here last year for the uber ipo slack today. we'll bring you lots of news about it it's a different type of listing, it's a direct listing we'll talk about all of the dynamics around that for now, back to you >> we talked about that direct listing earlier this week. the pros and cons to it again? >> there are some pros and cons. you can only do it if you have a lot of cash on the balance sheet. this is a company that does. if you're trying to raise money, it doesn't work this way there's no additional money that gets raised the way uber was raising money and wework will be raising money. we'll see if it becomes a model. spotify did it successfully. slack is doing it. if

live from the floor of the new york stock exchange. i'm wilfred frost. we are on pace for the best week for stocks in all of 2019. a perfect week for the dow five days of gains in a row and all for indices higher today 59 minutes left of trade everything you need to know as an investor coming up. >>> and i'm morgan brennan in for sara eisen here's what's driving the action investors anticipating a fed rate cut will come sooner rather than later after this morning's weak jobs report hopes of a potential deal that would avoid tariffs on mexico. and big tech is leadinging the charge higher. joining us for the hour to break down the market action is barbara duran from bda capital partners good to see you, barbara what do you think of the market action this week i mean, it's almost like bad news is good news. >> it certainly is i mean, you saw coming into the market very oversold beginning of the week for the reasons well known with trade, the uncertainties, the unknowables but i think the catalyst all week long has really been about the prospect of rate cuts.

the athens index has been doing extremely well, so congratulations to the athens stock exchange ceo. uick look at our we are settling out in europe. european markets under pressure. oil stocks the main driver. we are through the settlement process. not much action during the auction. the london market finishing down .4%. the cac 40 under a little bit more pressure. the biggest underperformance is coming out of the oil space. carry on the coverage when you get in the car and do home by turning into dab digital radio in the london area and finding .on ferro in new york i will be joining him in london with the cable show at the top of the hour. you can find us on all of your bloomberg devices. this is bloomberg. ♪ vonnie: qe chw why has set its 46 million shares and said pricing between $19 and $21 per share. qe -- chewy is the online retailer that sells pet food and pet products. bloomberg intelligence says that price it would be in line with its peers. let's check in on the bloomberg first word news with courtney donohoe. courtney: police in hong kong called a riot situation. thousands

bob pasane is at the new york stock exchange. >> stocks were in full mode fuelled by high hopes of tradeks and easy money across the globe. that's what moves things these days.ar futures first high around 4:00 a.m. eastern time. european central bank president mario drahgi said there was a case to be made for more economic stimulus in europe if the economy did not improve. that sent a signalo the markets more easing could be ahead. itent the euro down against the dollar. then president donald trump tweetedut he had a very good phone conversation with chinese president xi jinping, and the two plan to meet at next g2week summit in japan. that one tweet sent the dow up 150 points in less than ten inutes with trade sensitive groups, the usual names, semiconducto stocks, mining stocks, all outperforming. the market aan taking a wai see approach as the reserve makes a move with many expecting the fed to lay the ground work ior a cut july. right now the mart isutting in an 80% chance of a cut. microsoft rallied to a all-time high and worthg notlmost a quarter of the gains we have s&p 500 have c

diane king hall is at the new york stock exchange with that and more.rning, diane.>> reporter marie. oh, yeah get ready for cheat day. let's start with this first. investors will be looking at tesla today as they gear up its annual shareholder meeting. elon musk is expected to lay out the challenges facing his company. tesla's market value has declined by more than 30% last year due to a failed bid to take the company private. musk and the company was fined $20 million as part of a settlement with federal regulators. meanwhile, technology stocks helped gains on monday. the dow closed up 75 points. s&p gained 13. the nasdaq rallied 81. >>> gas prices are dropping ahead of the busy summer driving season. according to aaa, the national average price has fallen 7 cents to $2.73 per gallon, down 12 cents from a month ago and 17 cents lower than a year ago.u.s >>> today congress will hear arguments from news industry leaders who say tech giants like google and facebook have harmed the journalism business. some news publishers say online platforms have disrupt

scott redler, down at the new york stock exchange, you are up at bat for stocks. is equities the real place to be at the moment? >> you have seen over the course of the last week, the s&p has digested a big two-week move. two-week move was based on the fact that the fed started to price in three rate cuts between july up through 2020. all the data is confirming we are slowing. the question is how fast will they cut rates. at this point, traders are taking it week by week at this point. 2874 is the level that needs to hold in the s&p cash on wednesday. if that level holds, maybe we see a commitment to the last move and above 2910, believe it or not, we could be on our way back to the 2954 high. at this point i think traders are trying to figure out will upper commitment stay or will we roll back down. liz: s&p at 2893. good to see you. when we come back, we now have an eighth death in the dominican republic. what does that mean for the travel industry there? we have the ceo of one of the biggest and highest ranked hotel chains in the world. he's here exclusively ne

new york stock exchange. look at winners and losers.pillar, cisco, logging first jet orders since the 737 disaster that came from korean air. caterpillar confirming forecasts. cisco nailing a 700 million-dollar contract. that was a big deal. look at losers for the dow. dow, verizon, mcdonald's. verizon interesting story. "wall street journal" reporting that 5g conversion going more slowlily than anticipated. they will be one of five u.s. ceos appearing. that is a big headline. mcdonald's, their adoption of the robot technology, it is spotlighting need to speed up what they do. s&p winners. insight, allergan. s&p, mattel merger deal ban dodd. mga says the toy-maker cannot being salvaged. lauren: gerri willis thank you very much. we're one week from the summit between highly anticipated meeting between president trump and xi xinping takes place. the global markets hope the trade war can come to some sort of a solution. today's county down closer, says for better or worse now the time to prepare the portfolio. he has picks that make it hap

at the new york stock exchange.nk you. >> you got it. >>> still ahead who can resist puppy dog eyes? scientists discovered a simple eyebrow movement makes dogs irziszable. eyes? scientis scientists discovered. filled ause yours with soft surfaces that trap odors and release them back into the room. so, try febreze fabric refresher. febreze finds odors trapped in fabrics and cleans them away as it dries. use febreze every time you tidy up to keep your whole house smelling fresh air clean. fabric refresher even works for clothes you want to wear another day. make febreze part of your clean routine for whole home freshness. it opened up so dnmany doors. it's a lifelong adventure finding all of these new connections all the time. new features. greater details. richer stories. get your dna kit today at ancestry.com. what sore muscles? what with advpounding head? .. advil is... relief that's fast. strength that lasts. you'll ask... what pain? >>> here's a look at today's forecast in some cities around the country. ♪ scien

we are also waiting trade on the new york stock exchange.derstanding was that once again inside a dollar that will start to get the first trade coming through. they want that bid a little tighter before we get that to actually happen. joining us now from bloomberg technology, standing by at the stock exchange. spotify dropped sharply as it came to market via this rate. how is the current pricing you are seeing down there in where we could ultimately close with work today? >> that is the big question. we saw the reference price, which is supposed to be a guide for opening, at $26. that was tied to the private trading before previously in february and may. now we are seeing the price go up. clearly there is some confidence from advisors like goldman and citadel toley and say that this start could open much higher than that indicated price. vonnie: it is fascinating. at $7.1any is valued billion trade we are looking at at least double that. the market cap is likely to be double, maybe even triple that. eric: it is amazing. this range we are get

mike santoli has been covering the marketseor us from new york stock exchange. know, how much of a surprise was this sell-off? the old adage is sell in may and go away. >> that's exactly right, phil -- bill, and i do think we had one of the strongest four-month starts ines dec through april and the s&p 500 up more than 17%. i do thinkome kind o pullback was probably expected by many investors. i dot think the intensity of the decline and the fact that there was no relief along the way and every week was downnd of course, the tariff news made it about a little bit more than ving back gains and having plat profits and it became about how t world is going to grow for the rest of this year and to me it reflected in the market as peaps i expected the cut the trade issues. >> the trade issues are still with us and what are you hearing with the trade war still in place is the selling expected to continue or do you think we're little bit and ready to bounce? >> there are some indicators that say just because it's been lopsided to the down side in the month of may, perha

make santoli is at the new york stock exchange tonight. >> stocks have recovered the ground they lostith the s&p 500 now 3% from the record high, and investors seemed not ready to embrace this bound rally just yet. bankf america merrill lynch said its clients sent a trickle of new cash each if the market is 4%. an indicator of investor seiment calls the free gear index remains in the fearful zone at 35 on a 0 to 100 scale and the so-called volatility index has necned in recent days as it usually does in a rising market. a sign that traders ctinue to pay up for options that give protection against the market drop over the past month. this persistent caution among investors likely has a lot to do with the confusing economic crosscurrent and the series of crucial events that could swing markets around in coming weeks and the employment report solidifiedxpectations for federal reserve rate cut in coming months and with the fed set to meet next week, plenty of thspense remains over its intentions and wheer a rate cut can support the ecomy and lift inflation should be welcome. une g-20 of w

diane king hall has more from the new york stock exchange. >> good morning, anne-marie. they'll meet to discuss interest rates. many say the fed will wait until next month to determine whether it will cut rates. stocks ended with modest losses friday with energy shares driving the decline. the dow lost 17 points, the s&p 500 shedd 4 points, and the nasdaq dropped 40 points. >>> this morning the airlines say they're sorry for the loss of crashes. yesterday he ceo says the company made a mistake in handling a prop problematic cockpit warning system in two deadly crashes. they say it was not consistent and that's unacceptable. the faa faulted boeing for not telling regulators for more than a year that a safety indicator in the cockpit didn't work. the faa grounded 737 max jets indefinitely. >>> target is apologizing for a glitch that stalled out checkout lines over the weekend. the outage periodically caused cash remsters to not process orders, cashiers unable to cash out people. long lines frustrating customers. they say the outage was caused b

diane king hall at the new york stock exchange.k you, diane. >> you've got it. >>> still to come, joe biden behind the bar. the presidential candidate shows his support for gay rights during a stop at the historic stonewall inn. stop at the historic stonewall inn. support, chantix is proven to help you quit. with chantix, you can keep smoking at first and ease into quitting. chantix reduces the urge so when the day arrives, you'll be more ready to kiss cigarettes goodbye. when you try to quit smoking, with or without chantix, you may have nicotine withdrawal symptoms. stop chantix and get help right away if you have changes in behavior or thinking, aggression, hostility, depressed mood, suicidal thoughts or actions, seizures, new or worse heart or blood vessel problems, sleepwalking or life threatening allergic and skin reactions. decrease alcohol use. use caution driving or operating machinery. tell your doctor if you've had mental health problems. the most common side effect is nausea. quit smoking slow turkey. talk to your docto

bob pisani starts us off tonight from the new york stock exchange. >> stocks are off toui a start so far, but there's no shortage of market-moving catalysts to comen the week ahead. that's what's important. trade talks and the federal reserve will be front and center all week with president donald trump set to meet with chinese present xi jinping next week at the g-20 meeting in japan. but earlierrc today, com secretary wilbur ross downplayed prospects of a major tde deal getting done. >> it's very hard to put a timetable on things. i think that we willy eventua probably make a deal, but if we don't, the president is perfectly happy with continuing the tariff movementshatre we've aly announced, as well as imposing the new ones that he has temporarily suspended. >> we saw ade-related sectors like semiconductors, materials, industrials, all weaker today, generally, as a rest of that on the flip side, we did see some strength in communications services, like facebook, netflix, and google pent alphabet, all turning around a bit. the other big issue for the week is the federal reserve. th

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diane king hall is at the new york stock exchange with that and more. ning, diane. >> good morning, anne-marie. all eyes on the job market with the delivery of the jobs report later this monday. stocks closed higher yesterday amid hopes u.s./mexico trade talks are making progress. the dow rallied 181 points, the the s&p 500 gained 17 points, and nasdaq added 30 points. >>> google will allow people to play games directly over wi-fi with any tv with chrome cast, a computer with a chrome browser and google pixel phones. there are no downloads as the games exist on cloud servers. staid ya can also sync game progress among devices. >>> today marks the first ever world food service safety day. the initiative was to shed light on the importance of safe food. there are an estimated 600 million cases of food-borne diseases every year. almost one in ten people in the world get sick after eating contaminated food. 40% of those are children under 5 years old with 125,000 deaths every year. >>> and today is also national doughnut day. many donut shops nationwide will

diane king hall is at the new york stock exchange with that and more. ng, diane. >> good morning, anne-marie. >>> on the earnings front beer giant consolation brands were the only ones to report today. here on wall street stocks closed mixed yesterday with banks and health care companies facing the market. the dow fell 10 points, the s&p 500 gained 11 points, and the nasdaq added 57 points. >>> boeing will take until at least september to fix a newly identified problem on its grounded 737 max. that means the plane is not likely to resume flying until at least october. boeing is also settling with families of the jet crashes. there were two crashes involving 737 max jets which killed a combined 346 people. >>> fisher-price is called more inclined sleeper products. some included the play yards. about 71,000 ultra light day and night play yards are affected. there have been no reported injuries or deaths involved the product. in april they recalled more than 30 million rock and play sleepers. >>> anybody who loves taco bell so much who wants to live there,

diane king hall at the new york stock exchange. you got it. >>> still to come, tears of joy for carrie underwood. she's the top winner at the cmt music awards for her song cry pretty. rd, you eat right... mostly. you make time... when you can. but sometimes life gets in the way, and that stubborn fat just won't go away. coolsculpting takes you further. a non-surgical treatment that targets, freezes, and eliminates treated fat cells, for good. discuss coolsculpting with your doctor. some common side-effects include temporary numbness, discomfort, and swelling. don't imagine results, see them. coolsculpting, take yourself further. hey allergy muddlers... achoo! ...do your sneezes turn heads? try zyrtec... ...it starts working hard at hour one... and works twice as hard when you take it again the next day. zyrtec muddle no more. >>> here's a look at today's forecast in some cities around the country. ♪ ♪ ♪ ♪ ♪ >> last night in nashville, carrie underwood was the big winner at the cmt music awards, which honors country music videos. sh

tom hanson at the new york stock exchange, thank you. >>> still ahead, a breaking the military's glassling. we meet the first woman to command a u.s. army infantry division. she made history again recently. at the end of a long day, it's the last thing i want to do. well i switched to swiffer wet jet and its awesome. it's an all-in-one so it's ready to go when i am. the cleaning solution actually breaks down dirt and grime. and the pad absorbs it deep inside. so, it prevents streaks and haze better than my old mop. plus, it's safe to use on all my floors, even wood. glad i got that off my chest and the day off my floor. try wet jet with a moneyback guarantee jill jill has entresto, and a na heart failure pill that helped keep people alive and out of the hospital. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren or if you've had angioedema with an ace or arb. the most serious side effects are angioedema, low blood pressure, kidney problems, or high blood potassium. ask your doctor about entresto. announ

, in order to be on the exchange. >> yeah, tell us about the exchange and why we need another stock exchangecon valley but we've got an exchange in new york on wall street we've got another one in times square called nasdaq. >> that is right you know how we feel in california there could never be enough to be honest hasn't been nothing is in lifting standards exchanges in decades plenty innovation on trading side we like to bring a new option that gives companies different choice, about how they want to run their company not just quarter to quarter, but for decades and generations. >> quick eric let me about you about are getting story where is growth from at long-term stock exchange. >> the business is very simply we have to get companies investors who believe in our principals to commit to our platform. maria: how do you do that? >> well with, luckily next generation of founders and ceos and investors has a different philosophy about business think about 21s as it century company marines the rise in silicon valley employee being a is veryism founders trying to make sure products they make

diane king hall is at the new york stock exchange with that and more. ning, diane. >> good morning, anne-marie. in the early lineup today, nike releases its annual results. here on wall street stocks closed mixed yesterday with gains in tech shares. the dow fell 11 points, the s&p 500 lost 3 points, while the nasdaq added 25 points. >>> a jury has ruled huawei sold trade secrets from a silicon valley startup. jurists declined to levy damages saying the chinese company did not benefit from the theft. they called it a mixed verdict and said it's considering next steps. the company is embroiled in a trade dispute between the u.s. and china. both countries have accused huawei of illegal transfers and stealing trade. >>> there has been an acceptance. wayfair offered the donation after the protesters refused to sell furniture for use in a detention center for children from texas. yesterday hundreds of wayfair employees walked off the job in protest. >>> and amazon won't be the only destination for online shoppers on primeday next month. target has announced ta

i'm wilfred frost here at the stock exchange tech stocks getting slammed today as facebook and googlee the threat of regulation. it's hitting the broader software and cloud space as well sales force down 5%. everything you need to know coming up. >>> i'm sara eisen we'll start with what's driving the action tech stocks falling on regulatory fears fed president bullard says a rit caught may be warranted soon and concerns over additional tariffs still lingering.

hall at the new york stock exchange., diane. >> you got it. >> still to come, the nba award winners. the winner of the mvp trophy gives an emotional speech and thanks the heroes in his family. there must be something you can do... son.. my father is going. my brothers too. i'd rather die than stay... son, you can't. your heart's not strong enough. my heart is as strong as any. ♪ ...you have to let me go. uncover the lost chapters of your family history with ancestry. get started for free at ancestry.com >>> here's a look at today's forecast in some cities around the country. >>> special counsel robert mueller's report on russian interference in the 2016 election received the hollywood treatment. >> ten acts of obstruction. >> act one. president trump asked the fbi director to shutdown the investigation into national security advisor michael flynn. >> last night annette benning and more than a dozen other actors took part in a live reading of a play which included portions of the report. the play is called "the investigat

die an king hall is at the new york stock exchange with that and more.d morning, diane. >> the major u.s. indexes ended mostly lower yesterday following word the federal government has opened an antitrust investigation into big tech companies. facebook sank 7.5%, google's parent company alphabet lost 6%. checking the broader masrket, te dow edged up four points, the s&p 500 fell seven points and the nasdaqab tumbled 120. >>> senior mexican officials are warning of retaliation if the trump administration imposes tariffs on its exports to the u.s. president trump says he will impose a 5% tariff on mexican goods beginning next week to pressure its government to block migrants from crossing the border. a high level mexican delegation is in washington this week for meetings with u.s. officials to try and reach an agreement. >>> and quest diagnostics says as many as roughly 12 million patients may have had their personal information exposed in a security breach. now, the company says one of the billing collections firms it works with alerted it last month that

would you one day like to be on the new york stock exchange? , absolutely, and we will. >> reporter: and berman says in the meantime, he plans to grow the company, hire more people and eventually give them stock options. reporting live in san jose, scott budman, nbc bay area news. >> okay, thank you, scott. >>> no tariffs on wine, that is the plea from congressional democrats and california and oregon. they want president trump to ensure that any new trade agreements with clinton agreement with china or japan do not include tariffs on wine. tariffs on american wine sold in china soared more than 50% this month alone. but wines from other countries faced lower tariffs or no tariffs, meaning american wines can't compete. >>> this is video of the warriors arriving in oakland. what an emotional rollercoaster this has been many they come home with the win but without kevin durant. he went to a new york city hospital for an mri on that achilles. kd's recovery is going to be long and painful. the severity of his injury hasn't been announced yet. he cou

diane king hall is at the new york stock exchange with today's money watch report. >> reporter: it was a day of sharp declines on wall street yesterday. the market dragged down by privately held tech stock. the parent company of google and they say all three were off around 2%. by the close the dow dropped 179, the nasdaq tumbled 120 and the s&p 500 dropped nearly 28. stocks were down the gold shot higher. the precious metal closed above $1400 an ounce on tuesday. teachers have been traded at that level since 2013. investors move into safe haven as it rises -- yesterday san francisco became the first major u.s. city to ban the sale of electronic cigarettes. the crackdown on e-cigarettes is are known is a result of underwrites baby. last year survey found that one in five american high schoolers admitted they date. san francisco's ban will go into effect early next year giving stores time to clear out their inventories. >>> that you cbs money watch report. for morehead to cbs money watch.com. at the stock exchange, i'm diane king hall. >>> winds help fuel a grass fire in monterey county

welcome back to "fast money ", look at the cool crowd that turned out outside of the new york stock exchangeor chewy's ipo and that's not all, shares of the pet food company surging nearly 60% today during a ferocious first day of trading let's get to leslie picker down at the nyse with more on this. hey, les >> that's right, melissa chewy shares soaring today, up nearly 60% in their debut. it's their largest initial public offering ever chewy and parents company petsmart sharing a combined $1 billion to investors and the deal was massively upsized and priced above a boosted range and selling more than expected and it received the bulk of the proceeds and the retailer acquired chewy two years ago and it's worth quadruple the amount. >> so what brought investors in the door today well, americans are spending more on their pets and they are spending more money online chewy says its customers each spent $334 on average in 2018. chewy says its sail sales grew with increased spending without add being more customers it grew 68% and consumers are pivoting when buying in stores and online 14% of pe

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.usy friday, reports the president approved and backed off a military strike on iran. refinery fire in philly has gas futures up eurozone pmi showed some stabilization. oil on pace for the best week since 16 and quad witching today. we begin with the geopolitical risk for stocks after notching a new record for the s&p markets are poised to pull back amid heightened u.s. iranian tensions. >> we have gasoline futures jumping this after an explosion and major fire at philadelphia area refinery. it is, by the way, the largest facility on the east coast. >> and slack soaring debut, shares poised to rally at the open but for other tech unicorns eyeing the public markets, is this a sign of peak ipo? stocks are set to open lower after a record close for the s&p. multiple reports now say the president did approve military strikes against iran as retaliation for downing of a u.s. drone and later backed off. s&p still on pace for the best june since 1955. the nasdaq leading the major indices this

for "nightly business report," i'm bob pisani at the new york stock exchange. >> and yes, as bob just mentioned, united tech and a raythe joining forces. it's one of the biggest corporate deals of the year so far and during today's trading session, both stocks movedn opposite directions. as morgan brennan reports right now, this merger puts a lot of products and systems under one roof. >> reporter: it's a move that's stunned experts. a merger of equals between raytheon and united technologies. we wind up with a great company that is about 50% domestic, 50% international, 50% defense, 50% commercial.ry it's a stable, resilient company moving forward and it's all built on this great technology base. >> reporter: the all stock deal is expected to close next year as united technologies spins off its otis elevator and carrier ilding system segments. it would combine one of the world's largest defense contractors with one of the top aerospace suppliers. to create raytheon technologies, valued at more than $100 billion and second only to boeing in ldsales. this wring missiles like the tomaha

seems like some are here, actually, on the floor of the new york stock exchange today.ow have we been able to measure the effectiveness of that and now that you do see things like antitrust group me on some of these social media companies, how are you thinking about it? >> we view it as an integrated market we have mirksed models and other algorithms for measuring the influencers then give your teams simple metrics to focus on >> what do you have to do to qualify to be an influencer? >> i guess a really strong connection with the consumer strong style perspective and ultimate ly -- >> clothes is there a like a minimum follower count there must be a line somewhere >> it's really small literally, we work with some of the biggest in the world we also have a robust system so some of the small ones are only a few thousand followers. >> is insta? >> today the favorite is ins instagram. it's instagram today we think it will be that way in the future >> what happens if facebook is serious about removing likes what does that do? >> yeah. i don't think that affects us at all. our

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.&p set to open just above a record high as the fed signals rate cuts. we'll watch more conflict out of iran this morning. slack's direct listing and more. ten-year yield did fall below twoov overnight our road map begins with the rate-fueled rally. stocks set to surge at the open as the fed hints at a rate cut s&p on the verge of a record high >> plus, slack is set to make its public debut in what's been a hot ipo market workplace messaging start-up optding for a direct listing it's pricing at a value of roughly $16 billion. >> and facebook's cryptocurrency scrutiny hearings are scheduled the fed chair says it's something we are looking at. first up, though, stocks are set for a strong open today after the fed left rates unchanged but hinted at future cuts. s&p now within 1% of a record intraday high, a 28-point jump would set a new milestone. jim, it's an important day >> we got the keyword that we want, which is monitoring. monitoring means, look, we have to take action we didn't wan

north beach and has been bouncing between 338236238 dollars in trading today on the new york stock exchange. time now for a quick. way it's. only. mahdi's have. a 4th of. the consequences. as we get a break here the numbers that. ringback you saw. they put themselves on the line and they get accepted or rejected. so when you want to be president or injury. or some people want to. have to go right to beatrice this is what the full story of the morning can't be good that i'm interested always in the waters about how. this shouldn't all. of the bridges was good that you give up on your birth or the like if you miss it or don't believe people what's. up to them what the response would mold cheaper solution that it will. give the national fish or at least a model which agrees that. this. is new the nope must see that you presume this loop of burnished miss lloyd museum must fear to move him he's doing that and the other was an honest opinion he may continue to go steamboating it is an inning of the history of cities to. you know you are nice to us because. you're good books reach your eyes becau

monday morning peaking at $241.00 roubles per share or roughly $3.68 per share on the moscow stock exchange with a total market capitalization of roughly $5.00 trillion rubles or nearly $86000000000.00 gazprom eclipsed russia's top lender snow bank as the nation's most valuable company the company has seen huge gains since may when they recommended more than doubling dividend payments over the year prior last week gazprom alexander ivana cough added that the company is working on a new dividend policy that would aim to bring devon payments up to 50 percent of net profits within 3 years how can the arctic region be protected from the impact of human activity. such as oil and gas production my nanchang that contamination of arctic waters with hydrocarbon pollution would be near impossible to clean up even by mechanical means but russian biologists now believe they can use new and more natural methods for the cleaning process artie's yuliya shop of ali has a story. inside these flasks invisible life boils apart from water and oil they contain bacteria supposed to eat the oil and leave the wate