bryan white of drexel hamilton says that's important for two reasons. it means investors have greater visibility into the future of this business and investors generally sign higher multiples to those countries with stronger recurring revenue. for "nightly business report," i'm josh lipton, san francisco. >>> nelson peltz reportedly wins a board seat at procter & gamble. according to cnbc, the activist hedge fund manager has been elected to p&g's board of directors after a recount showed he won by more than 40,000 votes. p&g says that's subject to review. peltz has a more than $3 billion stake in p&g and has criticized the company. last month p&g said peltz had lost his bid by more than 6 million votes. shares rose in the extended session but finished the regular day down a fraction to $88.23. >>> acorda therapeutics says people died in trials of a medication. it's stopped enrolling new patients in the study and plans to speak with the fda about the treatment. their shares plunged nearly 40% to $17 even. >>> and scientists at samgamo therapeutics have t

meaningful employment opportunities is disabled veterans and disabled veterans more recent is drexel hamiltonn army captain serving in infantry special operations. he did seven towards in iraq. and earn three bronze stars among many other accolades. welcome and thank you for joining us. why this is sot special for veterans. >> it is a truly amazing place for wall street. there are so many remarkable people. and you gave so my stats overseas. aboutk some people joke iraquch time i spent in and afghanistan, but there are so many people that are great at our firm. like scott smiley. he lost an eye because of a suicide bomber. and we had a black hawk army pilot in rescue missions the puerto rico. truly, truly remarkable people. service members working on wall street. vonnie: let's talk about drexel. they are gaining market share. congratulations because you have been made copresident with two of your colleagues. >> that is correct. rexall hamilton is a service disabled veteran owned and operated broker-dealer. the owner was a decorated vietnam veteran, a remarkable man. he never forgot those who

set to go public today so what's driving the latest ipo boom let's bring in john martinco from drexel hamiltonmorning >> good morning. >> sum up the year for us and particularly q4 how that is shaping up in terms of volumes >> there seems to be acceleration this is typically what we see around the holidays going into thanksgiving the high water mark was 2014 with 275 ipos, we're on pace for 150 after today. what is that in terms of market value, how does that stack up this year? >> was about 90 billion issued in 2014. and the market value is obviously a touch lower than that i think what you're seeing today with the six ipos, i expect them to trade six different ways. two i'm watching today, sale point and stitch fix >> tell us about those two >> sale point is interesting there seems to be a fatigue that is taking place this week on these ten ipos let's not forget in the primary issuing space there's 25 secondary and block trades a lot of paper hit the market this week. for sale point, it did build a very nice book it priced at $12, that's above the range. all the other ipos today price below

delay means for apple and its stock, let's bring in edmond lee and brian white, global head of drexel hamiltonmen, good to have you here ed, i'm a little surprised, there's a couple supply chain hiccups here tim cook before he became ceo specialized in controlling the supply chain, right? >> he was the supply chain master under jobs. so yeah, all the delays, the problems with the supply chain, it is surprising that it's all happening under his watch. you know, you figure he's the executive in charge and probably has other things on his plate than he had before you know, it's a big miss. because the homepod, the thing about this device, it's not an essential device, more of a curiosity. it's great for holiday time. it's great for gift-giving it's not an essential thing yet. so the fact they're going to miss that window is definitely not great. >> yeah. brian, so when you look at the earnings from apple, they are still very much a phone company, i can't imagine that this actually shifts your estimates much, but it's a negative, right, if you're trying to build the whole ecosystem they're talking

quarter ever >> for more on apple today, we're joined by brian white, global head of technology at drexel hamiltono you both happy friday what strikes you about the quarter most something in the margins, service revenue, asps? >> there's a lot a blockbuster quarter. the outlook is much stronger than expected given the delays with the iphone x. china returned to growth, up 10% after six consecutive quarters of decline, and services showed big upside i look at this, this was an excellent quarter. probably the best we have seen in a long, long time >> jim, it took some investors some time to get used to this cycle being an 18 story instead oa fourth quarter '17 story. is that now firmly in everyone's head >> it is i mean, the september results were so good, and that was based upon the iphone 8 only when we look ahead or look forward, we're all still seeing the manufacturing yield issues with the iphone x, which is going to make it so it continues to be sold out, and lead times are being pushed out three to six weeks. we're now setting up actually for a very healthy and better than expected both decem

drexel hamilton's barry stein saying the "star wars" lands opening in 2019 are key catal t catalysts for disney's park division and should benefit from another trilogy that was just announced. more "star wars" in the works, some fans say there could be overload one tweeting "starting to feel a little star wars fatigue, yet it seems like disney has only just gotten started." another saying "disney is trying to kill us with content, i don't want to get czstar wars fatigue. only one film launching in 2018 and tv series not until 2019, analysts aren't concerned. >> they have to pay for the investment somehow, paid very, very big bucks to lucas film for the rights to "czstar wars" and got to get a return on their money, right >> i think it's interesting to look at how little "star wars" there is compared to the superhero universe there have been so many superhero movies both from marvel, which is disney, and also from d.c. comics which is warner brothers. in comparison, "star wars," there's only one movie coming out in 2018. only one this year so there's a lot less "star wars" content tha