that deal allows arm holding to treat arm china like a regular customer. really control the chinese business. when you take a closer look it is clear that they never had much control in the first place. in the end the chip designs are so essential they will be able to do a lot of business no matter what. the china situation is certainly a complication. secondly, even after coming public today softbank was still under almost 90% of arm holding, containing complete control of the company. if softbank is eager to ring the register and is going to hurt the stock. they do have a 100 a lockup before they can sell any additional shares, which means the stock to get an artificial lift as the bulk of the share count will be available. i am pretty sure softbank is happy to maintain a long position. what worries me if i don't like situations where private equity firm control the publicly traded company. it often leaves the public investors getting the short end of the stick. finally there is the question of valuation. it's very hard to justify the $54.5 billion evalu

shares in softbank�*s arm holdings opened t10% above their offer price on wall street. e british chip designer is now valued at nearly $60 billion. this has been seven years in the making. the japanese investment giant took arm private in 2016, but later had to abandon that plan due regulatory roadblocks. the bbc�*s simonjack spoke with company's chief executive about its debut. cheering. euphoria in new york as one of the world's most important technology companies had one of the biggest sale of shares in years. a proper us welcome for the crown jewel of uk technology. arm holdings was born and raised in cambridge, england. you may not have heard of arm holdings but i guarantee you own something with arm technology inside it. the chips are 99% in all of the smartphones in the world. 70% of the global population are estimated to have something, phone, tablet, gaming console with arm stuff inside it and 30 billion arm design chip sold worldwide alone to customers including google, apple, amazon and microsoft and others. some of whom took a stake in the company today. the

i think arm holdings certainly _ financial markets?s - holdings certainly has its share of financial challenges given economic realities around us. they have had flatlining revenue growth, credibility that has been impacted as a result, so they are not without their financial worries as a business, and so that certainly opens the door for other ipos to come in and test the waters, have another ipo going out and stabbing priced into the car very shortly after. 0ne hopes the start of the window and shows demand by investors for healthy, there may be challenges but have the ability to grow and thrive on public matters. ,., , ., , to grow and thrive on public matters-— matters. the popularity of this, matters. the popularity of this. does _ matters. the popularity of this, does this _ matters. the popularity of this, does this rub - matters. the popularity of this, does this rub salt - matters. the popularity of this, does this rub salt in l matters. the popularity of. this, does this rub salt in the wound that london didn't get this marke

arm holdings was born and raised in cambridge, england. you may not have heard of arm holdings, but i almost guarantee you own something with arm technology inside it. arm design chips are in 99% of all the smartphones in the world. in fact, 70% of the global population are estimated to have something — phone, tablet, gaming, console with arm stuff inside it. and 30 billion arm design chips were sold worldwide last year alone to customers that include google, apple, amazon, microsoft and others, some of whom took a stake in the company today. the boss told me he wanted to be listed with those other global tech heavyweights in new york. when we look at all of the opportunities in terms of listing, when we just looked at the size of listing that we had and the tech companies that we are peer groups with, we thought new york would be the best location. does it mean decisions about the future are now made in the us? i'm based in the in the us. 0ur cfos in the us, our vp of investor relations is based in the uk. arms is a global company. we are

now you may not have heard of arm holdings, but i almost guarantee you own something with arm technology 99% of all the smartphones in the world. in fact, 70% of the global population are estimated to have something phone, tablet, gaming, console with arm stuff inside it. and 30 billion arm design chips were sold worldwide last year alone to customers that include google, apple, amazon, microsoft and others, some of whom took a stake in the company. the boss told me he wanted to be listed with those other global tech heavyweights in new york. when we look at all of the opportunities in terms of listing, when we just looked at the size of listing that we had and the tech companies that we are peer groups with, we thought new york would be the best location. does it mean decisions about the future are now made in the us? i'm based in the us. 0ur cfo's in the us, our vp of investor relations is based in the uk. arm is a global company. we are headquartered in cambridge. all of our engineers predominantly are in cambridge and across europe. so we will continue to be a global company and navi

arm holdings was born and raised in cambridge, england.ngs but i almost guarantee you own something with arm technology inside it. arm—designed chips are in 99% of all the smartphones in the world. in fact, 70% of the global population are estimated to have something — phone, tablet, gaming console — with arm stuff inside it, and 30 billion arm—designed chips were sold worldwide last year alone to customers that include google, apple, amazon, microsoft and others, some of whom took a stake in the company today. the boss told me he wanted to be listed with those other global tech heavyweights in new york. when we look at all the opportunities in terms of listing, when we just looked at the size of listing that we had and the tech companies that we are peer groups with, we thought new york would be the best location. does it mean decisions about the future are now made in the us? i am based in the us, our cfo is in the us, our vp of investor relations is based in the uk. arm is a global company. we are headquartered in cambridge. all of our

let's stay in the us — because shares of uk chip designer arm holdings have soared on theirfirst day smartphones. so investors have jumped at the first chance to buy into the company since it was taken over by japan's softbank in 2016. but some in the uk tech industry have questioned why this cambridge—based firm, seen as one of britain's great success stories — didn't choose to list its shares here in london — despite intense lobbying the british government. our business editor simonjack has the story. euphoria in new york as one of the world's most important technology companies had one of the biggest sale of shares in years, a proper us welcome for the crown jewel of uk technology. arm holdings was born and raised in cambridge, england. now, you may not have heard of arm holdings but i almost guarantee you own something with arm technology inside it. arm—designed chips are in 99% of all the smartphones in the world. in fact, 70% of the global population are estimated to have something — phone, tablet, gaming console — with arm stuff inside it, and 30 billion arm—designed chips were

arm holding is not holding the market back. jackie deangelis on that and more.ome to "the big money show".

arm holdings. >> that does it for us on "fast money."ywhere, options action is up next. ♪ my name is josh sanabria and i am the owner at isla veterinary boutique hospital. i was 5...6 years of age and i knew i was going to be a vet. once alexandra called me to let me know that bank of america had approved my loan... it was important to me. we not only just provide the financing piece, we do everything that we can to surround them with the right people. all you need is a perfect, amazing team that will guide you through the right steps to be successful. and that's what bank of america was for me. every day, businesses everywhere are asking: through the right steps to be successful. is it possible? with comcast business... it is. is it possible to use predictive monitoring to address operations issues? we can help with that. can we provide health care virtually anywhere? we can help with that, too. is it possible to survey foot traffic across all of our locations? yeah! absolutely. with the advanced connectivity and intelligence of global

that arm holding was such a big ipo. ipo go, you can see the table information for this year because the biggest ones are pretty much getting out of the way. interestingly, even though these were biggest technology listings, there have been a whole other set of listings across different industries, follow on to happening so this means bankers are busy again, they want to keep the window open, q1, first quarter next year might be even more if they can keep this exuberance. volatility is low but the market is choppy. matt: thank you so much. sonali basak quashing up -- walking us through this order. work in stock, the next big wimp let's turn back to the fed because it is coming in less than an hour. earlier, a rep from principal global shared her expectations. >> we are seeing inflation move in the right direction at least for now, on the core inflation side. for us we think it is a pause. we think rates have peaked but i think from the fed's perspective, for powell today, it is important to maintain hawkishness. matt: mi

it's arm holdings, up near 18%. price 51, currently trading at $60. has joined us for his midday word. so a couple things to check the boxes today. arm, seemingly good. >> yeah. >> ppi a little hotter than expected but doesn't seem to be too upsetting to the bond or the stock market. >> that's kind of the key, the absence offen alarm being sounded by the bond market on the ppi and cpi number. it comes in general with a little bit of a sense of slower activity, whether it's from the airlines or the restaurants within the retail sales number. so that, you know, the bond market reaction maybe is suppressed on that level. in general, though, i would note that a lot of put buying, a lot of phedges. the market has really been sort of this low momentum slog. headlines look pretty okay. it's in this higher highs, higher lows for the last couple of weeks, but the issue is the average stock is not really doing a whole lot. so we'll see. we're still kind of -- i think the arm might be well received. i don't know that it has, you know, huge coat tails in terms of

obviously a connection with arm holdings.nterests, i guess, in that you own nvidia, obviously connection here with arm holdings. what are your interests in digging into arm holdings, if it becomes available for a stock for you to get into? >> yeah, i think -- look, i've allocated hundreds of deals when i was on the sell side at lehman brothers and this one is going to be challenging, because the most important thing right now is actually not the performance for the company's sake but for the market's sake in terms of the ipo market. so i look forward to a strong performance from the ipo. but because of the strategic investors, it has all the right things going on. valuation, they've not giving it away, but nonetheless, it doesn't mean it won't work. i think it will work well. i'll look at it after it settles down in trading. but it's interesting company, very interesting company. the market has been anticipating the ipo for a number of years, and coming to market. so i think you will see it will do quite well in the after mar

that is the ipo pop for arm holdings.his should take a few hours to get the first trade movie for the underwriters to make sure the book was built in time and is just about to spend the day as you can have for an ipo in the year where we have had virtually no ipos. at $56.10 a share you are looking at a company that is worth near $59 billion. we will turn to abigail doolittle. this is a landmark day for arm. abigail: trading higher by nine .5% there was a possibility they would price it $52 but the ceo wanted to make sure they were not too greedy and it seems that him and the bakers did a good job of raising the valuation on the actual ipo price. this is the biggest ipo of the year and the reason that matters is because last year there were 179 billion for the market in the year prior to that 630, there has been a drought this year. will this ipo stake successful through to close. it will support instacart next week. going into next year will it create what they want to see relative to having the confidence that big tech

arm holdings set to price shares after the close today. ahead of that, another big name in tech joining the anchor investor list. >>> plus coming down to the wire. the uaw leaders are strategizing about a potential national strike. >>> and later, a dream job posting for swifties in the news business. it's wednesday, september 13th, 2023, and you're watching "worldwide exchange" on cnbc. ♪ >>> good morning and welcome to "worldwide exchange." i'm contessa brewer in for frank holland this morning lchlt it's kick off the hour with a check on u.s. stock futures with the dow coming off its first down day in four, and you can see we're indicated to open in the red across the bore. s&p 500 indicated down by 6 points, dow jones off by 50, and the nasdaq down by 14 now. let's check the bond market, the 10-year. mostly range-bound. it's hovered just below the 4.3% root now. the 10-year is at 4.304%. oil trading at its highest level since november 2022. wti up more than half a percent. brent up about the same. natgas is off by a third of a percent. >

while arm holdings was the first major tech deal of the year, it is a large mature company.publicly traded for 18 years before taken private in '16. an extremely high quality desire a lot of ai. instacart is the kind of company, venture capital backed tech company since the ipo market collapsed under its own weight near the end of 2021. you know what? i'm calling this one a disrup tor. last year, the disrupters got disrupted by the federal reserve's relentless rate hikes. while many rebounded, we didn't know what kind of stock there was for instacart. i will say this company and its team of investment bankers led by goldman sachs are realistic about the market's demand for a story like this one. instacart did a private fundraiser that valued the company at $39 billion when they started marketing their ipo a few years ago, they had a value case of less than $10 billion. talk about a haircut it's a full buzz with some skull and even some flecks of gray matter scraped to the curb, too. the ipo was raised a couple bucks. it came public at the high end but even at the deal price

it worries me, particularly in light of what we know about arm holdings and how that stock is going toome in way too hot now. >> you think it's going to come in way too hot? >> i was hoping for $50 billion. i'm hearing $60 billion. i can't get that. >> i don't know if they're going to get to that. really? >> these anchor tenants. the anchor tenants are strategic. they don't care about valuation, right? they're bidding the thing up. david, it can't go north of $50 billion and make sense. >> well, listen, they wouldn't be unhappy with that at softbank, for certain, if you got above 60. i mean, he bought back stock at $64 billion, which is roughly twice what they paid for the company quite some time back. >> true, but -- >> coming back to this thesis on a.i., i mean, nvidia's benefitting, of course, because they're selling all the chips that are helping all these companies create the products for the future, but isn't it a little early, again, to expect those very products to be actually producing revenue or increasing productivity? it's going to take a while. so, arm is a beneficiary of

as we head out, let's show you arm holdings. highs in the session up near 20%.ll watch that over the final tr stretch here. s it's your last chance to weigh in on our question of the day. head to @cnbcclosingbell. results are after this break. are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. there are some things that go better... together. burger and fries... soup and salad. like your workplace benefits and retirement savings. with voya, considering all your financial choices together can help you make smarter decisions. voya. well planned. well invested. well protected. there's challenges, and i love overcoming challenges. ♪ when better money habi® content first started coming out, it expanded what i could do for special olympics a

arm holdings are down about 9%. lyft shares are down with an sec settlement dating a day -- dating back to a stock transaction. we had to take a look at what's happening from general motors and stellantis shares as we track the story from the uaw strike. a lot of the analysts on wall street are trying to piece together what the financial impact will be. it depends how long things go and we are seeing all their automaker shares in the red. matt: uaw president sean fain says his union workers deserve more from their employers. here is how he put it this week. >> we are prepared to do whatever we had to do so the membership is reverie dishes ready and were fed up with falling behind. it's been decades of falling behind and especially this past decade in the wealthiest ties in the history of these companies. these companies have made a quarter of a trillion dollars in the last 10 years. $21 billion in the last six months alone and conditions of going backwards for the workers. jon: there is the view from the head of the

arm holdings finally makes its long-awaited public redebut. it's a big win for softbank's masa.esar are just under $59. opened pretty well given the $51 ipo price. we'll talk about that and more when we return on "power lunch." i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones (sirens) [due at target in 5!] copy that. make a hard left down the alley. network's got you covered. [please confirm requesting back-up.] -changing route. -go. roadblock ahead. ...back up, back up... reverse! reverse! next level moments, we're 30 seconds out. need the next level network. [north corridor, hurry!] -coming through! -or 3, let's go. the network more businesses choose. transplant received. at&t business. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasda

over the past couple of weeks, we have seen arm holdings on the chip side of things. acart, grocery delivery, and then klaviyo. those three have been some of the most talked about ipos. i want to put it in context. arm h if you take a look at those, we are hovering near their ipo prices. and arm holdings, kelly, just again for context. at the post ipo highs was up 33% at one point. if you look at instacart, that was up about 43% at its intraday highs post ipo and up about 31% for klaviyo, as well. so that's how far it went up, and how far it's come down. we'll keep an eye on that ipo market and see whether it says anything more about sentiment in this market. >> i think it tells us quite a lot. dom, thank you very much. >>> stocks may be a little higher today, but they are headed for a negative week, as high interest rates and concerns about a hawkish fed weigh on performance. negative returns have also been weighing on the private equity industry. my next guest says the years long rush into private equity will not end well, because a perfect storm is brewing with rate

. >>> also, hot on the heels of arm holdings.ow one software maker out of boston hopes to keep the appetite for big ipos alive. >>> plus, house speaker kevin mccarthy draws a line in the sand in d.c. as the latest d.c. shutdown showdown plays out. >>> and then later in the show, the sunglasses maker riding coach prime's three-game win streak to the top. it is monday, september 18th, 2023 and you're watching "worldwide exchange" right here on cnbc. ♪ ♪ >>> good morning, welcome to "worldwide exchange." i'm frank holland. let's get you ready to start this day. we kick it off, as always, with a check on u.s. stock features. they've been holding steady pretty much all morning long. the dow would open slightly higher. similar story for the s&p and nasdaq. both fractionally higher. the dow riding a three-session win streak. looks like that may continue. as we always say, it's early. >>> the bond market, look at the bench mark 10-year right now at 4.34. highest level since 2007. also important to note, the yield on the 2-year, back abov

chip design company arm holdings had its ipo, initial public offering, today. the company is based in the uk but has offices in san jose. shares of arm began trading at $51 but by the end of the day they were almost at $64. it doesn't seem like the growth will slow down. arm says it expects the total market for micro chips to be worth $250 billion by 2025. arm's strong performance was part of a good day overall on wall street. all three major composite indexes finished in the green. the dow had the best showing and also broke a three day losing streak. it ended up the day by about 330 points. >>> hollywood stars stopped by the final day of dreamforce today. oscar winner viola davis and director spike lee headlined the discussion about the impacts ai has on the entertainment industry. davis says the technology takes the human element out of film making which could change the entire experience of watching a movie. >> what it does, what it kills, is that experience when you come into a dark theater and the lights go down and the character is presented to you that m

arm holdings went $55 billion but within minutes the stock soared as you mention, it ended the week at billion that sounds like a big number let me put that in context, $2.7 billion sales fiscal year 2024 a little rebound for the chipmaker like a lot of other chipmakers, $3 billion of ford sales, that is in over 20 times sales multiple, this is a market where the nasdaq is it three times sales, four times sales this is a market where tech stocks have moved in favor but the thing nvidia, microsoft have run up and traded richly so people are clamoring into other things that they hope the growth will be there in the three get the crazy evaluation for arm. >> a funny thing about investor psychology that something is smashing success but you look from the broader perspective john said bull market die on euphoria. this sounds like euphoria to me. >> the arm ipo was euphoric innotech market. i don't think tech is euphoric and is not to boast putin if you put money to work today and a lot of double-digit on the nasdaq is supporting multiples outside of arm the arm is crazy. jack: let's switch

we'll hook at some of these images of his supporters holding up their arms, holding up their fingers. salute actually comes from, we do not know. speak of the one finger salute makes more sense when placed in context at the former president's speech. >> thank you very much and a very special hello to youngstown,

shares in softbank�*s arm holdings opened ten per cent above their offer price on wall street. making. the japanese investment giant took arm private in 2016, but later had to abandon that plan due regulatory roadblocks. the bbc�*s simonjack spoke with company's chief executive about its debut. euphoria in new york as one of the world's most important technology companies had one of the biggest sale of shares in years.

arm would be strong. the hold on to 90% of the equity. a small slice. n the prospects for chip design. historically arm has been strong. it's designs are good because they do not use as much power as the chips that you would see in pcs or servers, the kind that intel dominates. what arm is trying to do is expand into other areas, particularly ai which is a huge growth area. nvidia has breached a trillion dollar market cap because many see that is the way to play ai and arm is another option. rishaad: joining us from tokyo, editor for asian tech. quick look at markets and we've gone to the downside looking at the region. a fraction of the lows of the day, s&p futures positive and really positive drivers, the yen on the front foot after hawkish remarks by the bank of japan and governor ueda. it goes back to what is happening in hong kong because are playing catch-up because of the rainstorm as it were. certainly that has lifted the hang seng 1.4% to the downside. looking at banks having to propel the regional banks to the upside. this is bloomberg. ♪ >> ju

shares in softbank�*s arm holdings opened t10% above their offer price on wall street. e bbc�*s simonjack spoke with company's chief executive about its debut. cheering. euphoria in new york as one of the world's most important technology companies had one of the biggest sale of shares in years.

john ford breaks down whether or not investors should be buying arms holdings on the first day of tradingle of different opinions for us. >>> we have former executive chairman and ceo, maggie wilderotter, challenges with return to the office and what she thinks about what's happening with the uaw right now. maggie's got experience dealing with the cwa, another union. stick around, "squawk box" will be right back. >>> time now for today's aflac triv qstn,iaueio what publicly traded company was originally named "sound of music"? the answer when cnbc "squawk box" continues. gaaaaap! did you just say gap?! he's talking about expenses health insurance doesn't cover. good thing coach prime knows about...say it one time! aflac! because aflac gets you money to help close that gap! now how do we get this goat outta here? (whistles) aflac! meet one of my new homies! gaaaaap! get help with expenses health insurance doesn't cover at aflac.com. elephant would've been scarier. (mom) bringing in a new roommate to save money - is that the plan? (dad) well we gotta find some way to save.cover at aflac.com

arm holdings at $51.44.tacart at 30 bucks a share, we're right around those levels. instacart below it. arm holdings at $51 per share level. maybe some of that steam coming out of the hot ipo trade. we had a big discussion about it last night on "fast money" what it says about possible sentiment. we'll keep an eye on the stocks. back over to you. >> we're going to get right back to the fed. but, just for a second, can i ask you about -- we haven't talked about gary player. i've known gary a long time. he's always been kind of blunt and unfiltered and now he's 87 years old, but the other day, what would you -- i would call that gratuitous nastiness. he said he was at a buffet and saw you and said it looked like the last supper. that was uncalled for, was it not, dom? >> you've known gary longer than i have. i've had a working relationship with mr. player over the course of the last ten years. >> he's like that. >> one of the things that he's done because i often see him at events and certainly at the charity

. >>> also, hot on the heels of arm holdings. how one software maker out of st

shares in softbank�*s arm holdings opened t10% above their offer price on wall street. an due regulatory roadblocks. the bbc�*s simonjack spoke with company's chief executive about its debut. euphoria in new york as one of the world's most important

softbank's arm holding sores in its trading debut delivering good news. this is bloomberg. ♪ kriti: welcome back and good morning. this is "bloomberg: daybreak europe." the story of the morning, the night and perhaps the year, arm shares rocketed in their debut. remaining bullish on the growth prospects of the company. >> we have a unique business model which gives us the ability to have a good vision in terms of people using our products. we have high confidence that the growth rate we talked about will be sustained. kriti: let's get more on that with our bloomberg reporter. one huge moment for ipos broadly. it felt like dealmaking was dead after the 2021 craze or speculation. talk to us about this 25% surge. is this setting us up for a bigger decline? >> it is a good first day news and it is great for softbank. what it means is investors bought into arm's pitch that they can sustain the growth rate and it is predicting a growth rate of 20% next year boosted by regenerative ai and its strategy to pivot away from the smartphone market where it is dominant

coming down a bit from a high of about 42, but the bidding is on for these things, of course, after arm holdingse deangelis now. jackie: hello, everyone, i'm jackie deangelis are. liz: i'm liz e ya huh -- and i'm brian brenberg. welcome to "the big money show." jackie: president bide

arm holdings came first in this semiconductor designer is indeed one of my favorite stocks.pen at $56.10. i don't know how it squeezed right up there in the last day of our. it peaked at $69. after that though, the stock immediately started giving back it gains. they finished down 4.5% and sent back down to the low 50s as of today. while i'm a little surprised there wasn't more -- i'm grateful this opportunity has given me the opportunity to buy. much more attractive proper -- prices. on the night of the ipo, i gave my blessing on a very small position not to go to large position until the stock pulled back low to mid 50s. too much going right. cpu designs make them a vital -- in the semi conductor ecosystem and that will not change anytime soon. you know i just think -- is horrific. next there is maple bear. the stock opened for trading at $42. it then plunged to close at $33.70. on the first day. since then it has continued to drift lower. can say i'm surprised about this one. the stock seem too expensive. it is still too expensive. this one was a wild one. the stock opene

i can’t pick a child in my arms, hold all the muscles sore, anatomy broken. i came for you.e dream of removing fat from the sides and abdomen has long been in the status of an obsession for raisa ; the woman cannot realize it in the gym. every year the surgeon wanted more and more to regain a slender figure. arthur khristenko, already at the first meeting, confidently stated that the deputy chief physician will give a blow job. answer our question. you are avoiding responsibility from the maternity hospital or the girl. this is some plastic surgeon's size. hello, you did not ask permission to enter the office before going on maternity leave. raisa worked as a model shooting for glossy magazines and advertising fashion shows. yes , there were very few podiums left in paris, but due to the birth of a child, her career had to be interrupted in order to return her cherished 90-60-90, the woman decided to resort to the methods of modern medicine, and almost died. i feel partially inadequate. i even feel somewhat disabled. this is this ugly seam. yes, he is not only scary, he is n

this company, arm, is to smartphones what intel is to pcs. it should be a core holdingmost portfolios in tech. so i'm happy this thing is public. i don't think masa is going to sell. i think he can leverage his position to do other things, which is probably what his real plan is. i will say this, though, this ipo is normal. it goes off 10%, maybe 15%, 18%. that's a normal ipo. but it's not big pop. so i think we're all waiting for next week with -- what is it, the other one, to go public, to really see if this is a tech story now. >> very much, dan, kind of what you were saying. insta card becomes the next one to watch here. >> it's a name that fewer people know, because it's not a consumer name, it's marketing sas. but you have so many other sass companies watching. you know, leslie picker said something interesting. she talked about how, you know, the fact that this one, arm, didn't get -- face major head winds was important. i think that's true. in other words, i don't think arm succeeding doing this normal ipo is tailwinds for others. but if it was getting crushed,

. >> this is the moment that arm holdings went public, making it the biggest ipo of the year.ompany, which designs chips used in mobile phones, was bought by softbank in 2016 for 22 billion dollars. the softbank ceo is aiming for a big win amid a recent boom in ai stocks. >> picks and shovels play if you will on the semiconductor space. >> the ceo agreed to buy out fellow investors back in august at a price well above arm's initial public valuation. softbank needs a win after years of lackluster deals. in february 2022, a deal to sell to nvidia fell through because of regulatory setbacks, and many senior executives have left softbank as of late, some after bitter disputes, but there's a reason the billionaire is backing arm so confidently. >> arm underpins 99% of the core processors that are in our mobile phones. they reach a huge portion of people in the world because these chips are in everything from refrigerators to washing machines to your cars. >> about 70% of the global population uses products based on arm technology according to the company's own estimates, and they s

. >> bloomberg has learned that arm holdings ipo is now 10 times oversubscribed, and bankers are planning taking orders by tuesday afternoon. shares are still expected to be priced on wednesday, bloomberg's equity capital markets is following this story, and joins us in the new york city. it's not necessarily unusual to close the order book early, but what this is telling -- is this telling us about the man? >> it tells us demand is strong. it's 10 times, and the orders are still coming. it takes a bit of time to actually gather all the information and for them to allocate. and also, closing early is telling investors to get their act together, said in the order before. -- send in the order before. >> night has been so much back and forth when it comes to pricing. do we know the latest on how they are leaning? >> we are not sure, there are a lot of moving parts of it, right now, it is 10 times subscribe, it is probably going to be priced at the top end of the range or even move above the range. there were elitist discussions about moving the rate altogether upwards, but it's difficult to

softbank's arm holdings launching its ipo road show, a blockbuster deal which could value the companys much as $52 billion. we're watching media names, wbd warning of prolonged impact from the strike while disney fires its latest volley in its dispute with charter. it's great to have cramer back in the chair. we missed so much last week, between lulu and the china names and chewy and wolf. >> first of all, it's great to be back. thank you for the well-wishers. it was a triple hernia. i managed to come through it in a way that i feel very, very strong. i always love september in our business because everybody does come back to work except for the people that still work at home. they want to get back to work. there are a couple of points we have to talk about. one is the bonds are going the other way. that's going to be september's headwind. again, the interest rates are up. i think we're making much too little about the strike, the uaw strike. by the way, the writers strike, obviously for warner brothers is important. these are two things people have to put on their radar screens. the

house chip designer arm holdings, holding up after the stellar debut on the nasdaq. floor show traders on top of it all when "the claman countdown" comes right back. after advil. feeling better? on top of the worlddddd!!! before advil. advil targets pain at the source of inflammation. when pain comes for you, come back fast with advil liqui-gels. liz: fox market alert, the bulls are in retreat, friday. the dow is giving back most of yesterday's gains, we have lost 259 right now and the s&p 500 and the nasdaq have completely erased yesterday's advances and then some. the s&p closed higher by 37 points. the s&p down 52, nasdaq gained 112 yesterday. all about and more obliterated with this 225 point loss. we talked about semi conductors here but rising bond yields were wreaking havoc on growth stocks at this hour. the 2 and the 10 are nearing their highest levels since 2007 ahead of next week's, and 3.2%. and arm reach a session high of $69, shares of paired and given up all those gains. down a fraction to $63 and $0.52. the new player in the market than the rest of the

assaults, shelling, how do people live in the front line, and all the boys, at what price the armed forces holdheights damn it drags on and the drones work and what happens on holy holidays in the command posts of the units exclusive footage from stanislav kuharchuk hell why do some nato countries not see russian flights to their territories we have a photo evidence, we are ready to share them, not a single piece, not a single drone or any other part of any device has not reached romania , however, lada is strengthening air defense, is considering evacuation, we are talking about the invisible war and its causes. the 20th in ukraine is the time to sum up the main results of thursday, september 7 in broadcast news , the only important thing for you about this information service is intera and oleksandr vasylchenko. congratulations to ukraine, the new minister of defense rostem umerova was officially presented today by the president among the leading vectors of his work. the appointed minister cited military-centricity, zero tolerance for corruption, strengthening of the international coalition a

much, leslie picker, over at the nasdaq watching the instacart ipo this is an ipo that along with arm holdingsably been the most talked about ipo in ages in what's been a very tough deal making environment. jim, i'll go to this one with you. is the sentiment in the ipo market as robust as the ipo looks to be or is it more indicative of where arm's ipo went to and has settled back to now? >> implied in your question maybe we should be worried about arm. i don't think i'm going to do that there is a price, you, a valuation issue. i don't want to get into that. these ipos are coming in september and in a september living up to its billing we're off 6, 6.5% on the nasdaq. and the big ipos are coming. that says something about risk appetite i think this is a sign of health this isn't like the floodgates are open it's just a good sign. >> josh, one look at this before we go to break is this ipo market something investors should be feeling more cautious about or one we feel the ipo is good for the broader market sentiment >> i think it's good i agree with jim these are not the deals of 2021. instacar

i didn't expect the pop from 30-39 and left a little meat on the bone and look at arm holdings the way that traded, traded up and back into today with the ipo price or right about there. i think the story for me with instacart is more the technology. i don't think of it as a grocery delivery company and technology company and way people get groceries is changing and this company can make money and continue to expend their profits and bottom line profits, it'll be a good stock. stuart: fascinating and never heard you talk about an ipo like that. >> it'll be interesting. stuart: tell us when you buy it. stay there, please, mike. ashley, come back in. i want to know what's this about tiktok tracking its own workers. ashley: oh, yes, reportedly using a new employee badge to monitor how many days workers spend in the office. tiktok employees telling the new york times they received notices about the new tool called my rto, which reportedly monitors bad swipes into an office and they ask employees to explain absences on days when they were expected to be in the office. now, the staff will re

arm holdings set to price shares after the close today. ahead of that, another big