this is a private ipos with an ugly bag sheet.pany entered a debt restructuring program and is paying off a high interest rate debt the company paid private equity owners $145 million dividend in the process. that's standard practice i know in the private equity business. it doesn't make it so i like it plus millikron sales declined year over year in the first quarter. because the go global footprint means the company is being punished by the super freaking strong dollar. even worse, millicorrespond lost money 2014 and their net loss got bigger in the first quarter of 2015 and the company had negative cash flows in the 2014 and the first quarter of 2015. super freaking strong dollar. my view i say trust the investors who sold milli kron on the first day of trading, that gives you a sense on the quality of the company, considering the financials and the company, my view is stay away from millikron. so many better industrials that are going bagging for shareholders like the pen air by nelson peltz, you can do better than this one, c

the ipo function. a graph of ipos over the past two years. blue is the deal volume.reen is the number of deals we have seen. the drop-off in ipos in the past couple of years as many companies have decided to raise money in the private market. uptickar we have seen an but not really anything substantial. maybe the few big ipos we are seeing are getting more attention. matt: today we are talking about this for billion-dollar ipo, meanwhile airbnb raises its valuation to $24 billion and they are not going public. scarlet: you want to move on to the fight over free trade, issue pitting president obama against most house democrats. he may have found a way to pass a trade bill despite opposition from the left. peter cook joins us now. strange bedfellows. this will require legislative maneuvering. peter: some trust involved as well. here is what is going to happen. today around noon, the house of representatives will vote to give the president fast-track trade authority. we assume this vote wills court -- will pass with the majority of republicans and a handful of democrats

hotter than 150 ipos. it was like 20 ipos a week or something. so, do not you see that as as difference because getting out it seems a much more merger or acquisition oriented rather than ipos? >> is both. this is the best market for venture capital since probably 2001-ish sort relative basis the more ipos this time frame. but you are right. i was it was different is the quality of the companies are different. these are real revenue cash flow generating businesses for the most part. whereas in 99 it was all the -- eyeballs. clearly a difference in quality and maybe a little bit more selectivity. a little bit less promotion from the i bankers out there that are working on these things. with that said our business is cyclical. then you are on the upper end of the cycle you do become a live it more philosophical, i presume. then, i think this economic recovery, many people talked about how we are perhaps six, seven, eight years into it, per year up there and asia is coming back and were starting to see age ac

they were up to 40 ipos a month. there was a glut of supply.ack them out of the market manipulation is to shut down ipos. we'll talk about google in a bit and government intervention in the u.s. this is why you have to let the free market play out but then again, look, we play with our interest rates. they play with their ipo market. >> it says to everybody looking at the volatility in the market and some decisions on ipos is a reminder we're talking about an underdeveloped financial economy and there has to be more done in china's direction to open their markets, as you said, but no indication it will happen overnight. >> and ultimately what will happen here again they're going to create another backlog they'll have to let off steam as well, too. i don't see how this solves it. the wisdom there aren't ipos, more money will flood in creating more of a bubble in those existing tech stocks. so it's a question of taking the pain now or taking the pain later. it seems you should take the pain when it's there as opposed to putting it off. >> i think

and when it comes to ipos, it is no longer a one way.ook at the bloomberg chinese index, that is measuring the rookies. you use an algorithm to see how they have done. this as, people look at an age of sentiment. it is a very choppy, because these new listings, they have not done as well, they have done well, but not as well as say from january to may. angie: you have liquidity, sentiment, and the perception that this does look like a bubble. at least that is what analysts say. david ingles: this is when you pay attention to that, because technically speaking a bubble is a bubble only when it bursts. said, it is more and who of these analysts refuse to touch the market, that is when you should start listening. two days ago, bank of america actually said that this bubble in china, and real estate as well, is the worst they haven't seen since the .com era. they are going to look at a 30% drop. and a communications organization did a study on it bubbles over the past years. they say that a market crash could come in six months. my personal

the ipo raising $732 million.the shares are due to begin trading this morning at the new york stock exchange. i'm sure there will be a lot of excitement surrounding the ipo. the ticker will be saved, appropriately and for the bit. they have a job alone apple to name a few and we will see how they fare and whether or not they are the one hit wonder. they have some money to continue in research and development. sandra: this one seems to be pretty interesting in a wide range of prices for everybody. lauren: roughly $60 to $250. later this morning we speak to james park at 10:00 a.m. eastern. shares of oracle tumbling 7% in extended trading up the software company's fourth-quarter results came in the low expectations. due in part by the stronger dollar. the company issuing a disappointing earnings forecast for the current quarter. oracle reporting 70 cents per share. eight cents below the forecast. revenue standpoint of a billion dollars also missed the estimate. the treasury says the woman will be a new face for the

ipos, finally action. next week 14 ipos. three energy companies, three cloud-based companies.em right now. we'll do it monday. but transunion is the big credit reporting company that's out there, and that will float more than $600 million. quite a week we're going to see next week. right now the dow down 40 points. >> thanks a lot. crude oil right around $60 on the nose. >> that's right. that's the story with crude right now. hugging the 60 a barrel range trading at $59.65. being tossed around by movements in the dollar, and because of the action that we're seeing in europe. but for the week we're down less than 1%. for the month up more than 3%. at the same time, we're watching products closely. they are selling off and crude is tracking lower a little bit with them today. interesting because traders are starting to talk about the season alty and wondering if the demand that we have seen in past summers is there this week. we got a build earlier from the department of energy. the national average is up substantially from the $2 level consumers were enjoying but down from last

ipo. kayla with what you need to know. >>> the fed's decision on interest rates, just two hours away now, but it's janet yellen's news conference at 2:30, where the real fireworks could happen. that's where we kick things off today. steve liesman will likely be asking the fed chair a question today. but first he joins us from washington with what investors should really expect to happen. and steve, the fed chair's communications skills are going to be put to the test today, i think. >> i think that's right, scott. what we're going to see is the fed will almost certainly upgrade the economic outlook today. the question ask whether or not it's going to be strong enough to definitively signal a rate hike in the months ahead. the cnbc rapid update says gdp is running about 3% rate in the second quarter. job growth averages 250,000 the past two months. wage growth, 2.3% year over year. up p brn 3% compared to the last payroll report. so clues about whether the hike is coming, we'll be watching

plus missed the ipo boom? well, relax because we've got a special report on why three previous ipos may be worth another look for your portfolio. but first, to the record rally on the street. you have the nasdaq the small caps, even the mid caps hitting another record today, with the dow closing up another 100-plus points. so that really begs the question, is greece baked into the rally? guy adami, we'll start with you. >> certainly appears that way. we've talked about the transports, 150 sort of being the line in the sand. effectively that's where it bounced today. the russell, the iwm said as long as it holds 121 the broader market rally would be intact. that's what's taking place. tim talked about getting long fez on friday to play this greek drama. we talked about deutsche bank, the potential for that stock to bounce. it would appear as if most outcomes are baked in. >> the way we have it now, the way we see greece that's baked in because we haven't made a new high, haven't made a new low. we're still in t

on top of that we'll get big ipo week. remember what happened to ipos this week?ch ipo. >> wingstop on the nasdaq a chicken restaurant 60% move in the day. there is axovant sciences down 24% after being up 100%. >> this was the best biotech ipo ever. >> they raised $315 million. it was the largest amount raised in a biotech ipo ever in a single day. they have one product. people were amazed they could spend $5 million to get this alzheimer's drug and the company was worth $3 million at the end of the day. next week going to get fit bit. a big brazilian steak house. these restaurant ipos have been massively successful. >> got to get on the gravy train. we were talking to david darst about the financials which started to pick up activity. you had yesterday a number of these big names hitting new highs. >> multiyear highs on citigroup. >> goldman sachs jpmorgan. your regional banks, fifth thirds and pncs hitting multiyear highs. you know the knee-jerk reaction by banks when the rates are moving on the up side. >> i think they've gotten ahead of themselves. i'm not su

ipos have done well.k at the ren nance capital ipo etf, approaching the april historic highs, what's impressive about next week's crop is the breadth of the offerings, there's something for everyone. the biggest deal of the week will be transunion, $650 million offering, that's going to be one of the biggest. another interesting firm, milicron holdings. i can't remember the last time i saw an ipo for a company in the capital equipment space. three cloud computing companies, four health care firms, including two biotechs, three energy-related companies, including cnx coal, a coal company with a 10% yield. also on the docket, next week, sunguard big accounting and software firm. $2.8 billion in sales and blue buffalo, the largest make of all-natural dog and cat food, the company has nearly $1 billion in sales, they filed just nine days ago. it means they have a shot coming in the next couple of weeks. and guys, all of this of course is market-dependant. if the market starts nose-diving in the next few weeks

maria: we're talking ipos, will we see rent the runway at ipo at some point? >> hopefully.ia: what can you tell us. >> business is exciting because the first few years of the business we were transforming special occasions. so the average american woman has 28 special occasions. she dresses up for every year and we were renting her dresses and jewelry and handbags for those occasions which made a lot of rational sense. why would you buy something that you're only going to wear once as opposed to renting it. we launched a product about a year ago in beta where we offered a subscription to fashion. what is really interesting is, a few months ago we launched every day work wear into that subscription. people are using it every single day because our customer is a professional woman. she wants to look and feel great every day. why not have a portion of your closet be on rotation. maria: what is the cogs of that, doing a subscription for something like that. >> it is $99 a month. you get three things at a time. you can swap them one for one as frequently as you want. maria: part

t ipo market is finally starting to get going. next week will be the biggest week of the year roughly 14 companiee slated to go public and will likely raise north of $2 billion. why is the market finally starting to heat up? le most important factor is positive returns with th overall market healthy, ipos have done well. the renaissance capital ito set as basket of 60 recent ipos is approach the april historic high. others are pushing to go public now before the fed raises rates and market volatility increases. what is impressive about next week's crop of ipos is the breathe of th offering. there is severyo a giant credit analysis company with a $650 million offerin transunion and plastic processing equipment, i can't remember the last time i saw an ipo for a company in the capital equipment sup place the are three cloud and four health care firms including biotech and three energy-rel companies. a cole company and also on the docket in the coming weeks is sun guard and accounting and software firm and blue b are the largest maker

would be the largest domestic ipo in china since 2010.gave all the regular reasons, replenishing capital, but they need to continue to fund the margin lending operations which are been booming. fivefold been a increase in margin lending, which is help to feel the doubling of the shanghai composite index of the last eight months. concern, butng also great opportunity for brokerages like guotai, and that's another reason why they are trying to raise $4.8 billion. is the largest by revenue. market: you've seen the rally cry to bit. the question is about timing. coming?iggest brokerage >> the consensus from the analyst we spoken to is this is a bubble, yes. when will it bursts, it's not if, but when. back seen the market fall about 5.5%. there is a lot of locked up liquidity because of the ipo pipeline. the valuations are price of little too high. northeast security saying brokerages need the money after spending to pass in the bull market. the market is nearing peak. the chief china strategist says everyone is busy looking for the greater fo

about $16 billion for an ipo.ver run for capital markets in the first six months of the year. rishaad: in the last two weeks, we have seen declines take place -- guest: two sharp corrections. rishaad: is this part of a big correction or we perhaps bottoming out. i think with the two corrections, the market is still up over the last year. i think the market will continue to increase but a steady pace. in hong kong, we have 12 transactions that should come to market. in the first week of june. cut.ad: you have a rrr .ou would expect i think the shenzhen market was down last time. guest: i thicket tells us there is a lot of uncertainty in the market. a lot ofd of the day, the people are going to cut interest rate to make that cheaper. rishaad: there is talk that margin trading and margin lending. guest: people will have a pretty strong reality check. i think we will be seeing a pretty sharp correction. i don't know when that will happen. rishaad: how far is the rally that we have seen down to house prices and the hou

bars are the volumes of ipos in the green line is the number of ipos.o we have seen a decrease in both number and volume of ipos that we have had so many companies raise money in the private market instead of the course,arket stop of airbnb being the latest example today that says who needs going public when we can raise money privately. olivia: when you can raise a billion dollars on a $24 billion valuation. julie hyman, a wealth of information. now a look at the top stories crossing the bloomberg terminal at this hour. another sign inflation may take some time to reach that target -- the cost of living excluding food and fuel rose by .1%, the smallest gain this year. overall, the consumer price index rose by .4% thanks to higher fuel costs. filedile, fewer americans for unemployment benefits, indicating employers are optimistic demand will pick up and they are holding onto workers. warren buffett is increasing his .take in h.j. heinz the move comes ahead of its plan merger with kraft foods group. he was able to add a five 14% stake for one cent a shar

at the ipo price, fitbit is valued at $4.1 billion.puter code is not sexy, exciting or visually appealing. nevertheless, it has made numerous appearances in movies and tv. in scenes that run from realistic to fantastical. here is a look at how cod has been put trade on filme -- how code has been portrayed on film. >> code. code, code. code code. quite the little coder. >> i am the only one of these clowns. >> do you know anybody who can debug 2 million lines of code? a systems display. >> data charts. >> give me a reading on it. >> think you had better come over here. >> i have never seen code like this. >> i think we have got a hacker. >> i am getting hacked. >> nicely played. >> come at me! not good. crap!e this hacker >> go, go, go, go! [bleep] shut them all down. >> shut down the system. for: that wraps it up today. thank you so much for watching the bloomberg market day. have a great, wonderful afternoon. we will see you back here tomorrow. ♪ >> from our studios in new york city, this is "charlie rose." charlie: sally mann is one

that stock is down 70% from its ipo price.g digital with its hit game at the time candy crush. and that stock is down 36%. next, gopro. fortunately a much different story, at least so far. the stock is up about 144% from its ipo price. when it went public with its hero camera. so what do you think fitbit's fate will be, guys, here? what do you think? >> a couple different things. one, fitbit valued at $4 billion is a bite size acquisition for anybody in this space. and and we know the space continues to grow even with apple watch. that's one thing. number two, if we look at those other names, it's difficult to say. most ipos are one-trick ponies. when amazon came public it was an online bookstore, that's it. when you're looking at ipos, you have to say there's going to be more to this company. in this year ipos have been overpriced. you shouldn't buy them on the opening. but i think in 90 days down the road you absolutely take a look at fitbit. >> and you're also talking about a company that really has like you just said one p

most of the ipos are smaller. it is always like that. jonathan: the msci decision is not going to happen overnight. it is going to happen gradually. >> we know it is going to happen. we know the chinese government wanted to happen, so it will happen. it will just take a little bit longer. the shanghai is down. people notice delays, but that's all it is. jonathan: do you share that decision as well? as far as you are concerned it doesn't really change the picture? >> i think edward is correct. we had some commentary circled in china over the weekend dampening down expectations. it was a bit of a selloff in the lead up to the announcement. what is interesting is they really made the language much more friendly. last year it was a cold announcement a were not going to include asia. this time it is about having a working group, making an announcement ahead of the next review and 12 months time. things generally indicate everyone is working hard to make this happen. we did not get that sense 12 months ago. jonathan: there are a lot of people

this has become a very popular ipo. the former property chairman walter being part of one of those investors. we have electronic makers tcl as well as a billionaire. more than half the offering of about $950 million in stocks as already been allocated to 24 cornerstone investors. they will hold the shares for six months in return for a guaranteed allocation. this comes at a time where the trading market is rallying. we know chinese stocks are worth more than $10 trillion. it comes at a time where the mmci has declined to put shares into his global benchmark. there is also a bunch of ipos -- about one dozen approved for this week. back to you. angie: thank you. coming up next, china stocks fall for the most in two weeks. there is room for some easing but do not hold your breath. asia edge is back in a moment. ♪ angie: checking some stories making headlines around the world. the israeli government has accused the palestinian's of work crimes. they have defended israel's military against allegations that its own forces mad

roughly since facebook's ipo.t's up about 129%, walmart has not fared nearly as well, up about 17.5%. you can see a lot of declines that we see for walmart have happened more recently. big changing of the guard. incredible that the market cap has comparable. julie hyman, thank you. airline change fees are in focus today at the u.s. department of transportation washington after years of rising passenger discontent. consumers say they are too high, airline say they lose money. remy explains. change fees are in focus as the u.s. department of transportation meets this week to address the issue. $3 billion, this is how much the u.s. airline industry rakes in from you in change fees in 2014. that is a record. it nearly triples the $950 million they made in 2007. take a look at who made the most in 2014. delta, united, american, u.s. airways, and jetblue. they made 85% of all change revenue that year. delta topped at 875 million dollars. united behind with $800 million. american more than $500 billion. u.s.mers pay now

pricing it's ipo at $20 a share above the target range.s get you an update on the tragic news out of south carolina overnight. 9 people are confirmed dead after a man opened fire in a historic african american church in charleston. the victims include a long time state senator and pastor at the church. they believe it was a hate crime. the suspect described as white is still at large. we'll be live in charleston with the latest in just over 30 minutes time. >> when looking at how the u.s. markets are called here you're looking at them just a tad bit lower. the dow being called 13 or 14 points lower so just be aware of that as we head further into our european market session and just a recap of what we're seeing so far. we're trading lower across the board. and you have the xetra dax lower by 1% and now we're looking closely at the bond markets to say whether or not we have to see the yields heading higher with greece. >> interesting bond market moves as well. everyone is taking what janet yellen said as dovish. a suggestion that we'll only

there are tech ipo's that have not done as well. would not be inclined to take too much away from that. alix: i want to talk about bubbles. was on bloomberg television earlier. let me play for you what he had to say. power, they came into they said basically we need to keep this bubble under control, because otherwise this is going to end badly. guess what? 18 months later, the housing bubble. i think it is very badly position. alix: he went on to talk about a potential 30% collapse in chinese stocks. what do you think? think chinese stocks have gone too far, too fast. it really has been a lot of speculation about what the chinese government and the peoples bank do to improve liquidity conditions. we would not be investors in china right now. alix: it is significantly different than other countries pumping money into the system. gold has not been holding up for the chinese. does that give you pause? paul: yes in that china is not really an investment culture. when they need liquidity, they might just let the stock market run for a w

right now i want to bring in , leslie, who covers ipos.s well as michael wolff, founder and ceo of activate. a technology and strategy consulting firm. michael, let's start with you. dropbox is still in the lead. when it comes to businesses. obviously, competitors are closing in. is it worth $10 billion? michael: there is so much growth ahead for that company. people keep looking at it as storage. reality it is collaboration. , the other companies are friendly. cios like those other companies. collaboration is a consumer issue. consumers love dropbox. dropbox is easy for them to use, especially when they are bringing their own devices to work. so i see a lot of runway ahead. , emily: what are your sources telling you? you covered the ipo. do investors like dropbox? do you think they will like it more than box? leslie: the sentiment has changed over the last year. i remember when box's filing timeout. sources kept saying that dropbox has better numbers than this. don't worry. it will look better at that time. here we are one year later peop

this had anistaken, ipo a little under three bucks.substantial, i want to mention that nuclear power -- very good day, up 40%. turns out the biggest ipo in four years, if i'm not mistaken? more than 200 billion in terms of suspicions. here, i thinkmath business trading at about 24 --es the current earnings interesting there. h.ck to you, ris rishaad: stuart gulliver saying he will decide whether to move the headquarters out of on london and moving asset management to asia. analyst is with us mme now. let's talk about the relocation. we saw that he wants to reinvent , that can mean many things. they could be political, to avoid that bank levy to stay in london. and put some pressure on george osborne, the chancellor. it could mean a spinoff. it could mean that were moved to hong kong. >> and the end of 2015, the u.k. putting the- restriction on bonuses. all, i think hsbc is among the major contributors to the nation. the u.k. government cannot just let them go that easily. what is the difference? >> they could come to one third of what

you look at index, ipo.it is up 10% this year versus s&p which is up what 3% this year. >> outpacing definitely, not only year-to-date but also fifth two weeks. -- 52 weeks. sandra: a sign of the times when we see deals coming to market. a day of mourning in charleston, south carolina as the suspect that that horrific shooting faces a day in court. we'll have the very latest on this for you. >>> change in tone for the greek prime minister after the greek citizens rallied in athens for a end to the deadlock. the prime minister is confident a deal will be done. we'll have latest there. stock futures pointing to a higher open this morning. you're watching "fbn:am." this is your first look at morning markets and breaking news. ♪ hey america, still not sure whether to stay or go to your people? ♪ well this summer, stay with choice hotels twice and get a $50 gift card you can use for just about anything. go you always have a choice. book now at choicehotels.com jo breaking news. a day of mourning in charleston, so

ipos have been performing well.hey're still relative to equity indices overall, people are investing in ipos because they're out performing the market in the short-term and long-term. if you focus on short-term pops there's fine nuisances in juggling the investments there but most of the other vin investments, the number one is health care, these are longer term investments. >> in the last segment we talked about -- i think we ran across the bottom we talked about bubbles. to the extent that you can look at the ipo market and correlate to where we are in the cycle where would you put us? >> i don't think we have bubbles. the marks are at highs right now. it's very exciting at the ipo date but the issue becomes sustainbecomes becomes sustainability of the price. >> a separate related question which is to say it looks like the margin has come down. >> well we have a lot -- you may have noticed this we have a lot more banks on the deals these days. so obviously very hot exciting technology ipos and some of the others i

this life is tough when you're an ipo. before ipo is already tough. after ipo is much worse. >> life after the ipo, much worse. >> jack ma is going to join our own david faber this afternoon in a cnbc exclusive. beginning at 2:00 p.m. eastern. you think he's trying to spin something here? is he being honest? >> he's just stirring the pot. whenever you make a comment and look off camera and smirk out of the side of your mouth, it means you're trying to entertain the crowd. i think the stock is not doing that badly relatively to where it ipoed, it's off the 120 to 115. peck has a note out saying it's going to go to 110 on the back of alli cloud. i don't know how tough life is really for jack ma. >> my thought is jack ma is a story-telling genius, i think what he's doing is setting himself as the martyr. he knows he's a target from chinese authorities, he knows he's a target for investors that expectations are so high. if he can recreate the right kind of story line saying i'm prometheus. bringing back-fire. >> i wouldn't say life is necessarily tough fo

fitbit earned more money than expected in its ipo. pimm: and president obama will get a new vote in the house for his trade bill after it was blocked last week. olivia: and mcdonald's has a turnaround plan as well as summer menus. ♪ pimm: good afternoon. i'm pimm fox. olivia: and i am olivia sterns. let's take a look at the markets of the sour. equities are higher across the feds said they would raise great more -- raise rates were gradually. so you are seeing oil rising a little bit and there is the outlook for the dollar. there you go. we'll futures are up and the dollar weakens a little bit. gold futures is up i about 2%. pimm: let's take a look at the fixed income markets and see how the bonds are selling off. the yield on the 30 year is at 3.14fter those comments -- after those comments from the fed. thehe euro strengthens -- euro is strengthening, and also strengthening against the dollar. und sterling is also strengthening against the dollar. let's take a look at the stories crossing the bloomberg terminal. the man suspected of

next week shaping up to be the biggest week for ipos of the year. roughly 12 companies slated to go public and they could raise north of $2 billion. the biggest one of the week will be transunion, the giant credit analysis company along with three cloud computing names. four health care firms and two biotechs. al are all of these ipos a good thing or a bad thing for the broader market? >> a couple of things. i had a big fogo lunch today so i'm feeling a little sluggish. it's tremendous. the gauchos and everything. i don't think it's a sign of a top. i think three cloud companies coming public next week may be a sign of the top for them. look at the box earnings a couple weeks ago. that stock had a huge spike up to 20 bucks. has sold off since. i think these companies are becoming commoditized. the more companies that get into publicly traded companies, the more and more pressure it puts on the names. i think box goes lower next week. >> usually you'll extrapolate all this ipo activity and you'll think about investment banks. i'm looking at this fogo

speaking of recent ipos, they became public on june 4.er its first earnings report as a public company, shares were down 18% for the canada-based chain of tea stores. a disappointing earnings for this company. olivia: we're worried about this happening with fitbit. davidstea pop. they were very much in the black. big stories tomorrow. pimm: you can track your tea consumption with your fitbit. the topok at some of stories. the united states cannot find .nough iraqi soldiers to train defense secretary ashton carter is telling congress the united states counted on training 24,000 members of the iraqi military by the fall. only 7000 have been trained. carter is hoping for greater commitment from the iraqi government. bowling has a much-needed commitment to which jumbo jet program at the paris air show. they announced 20 of the 74 seven jets were sold. demand has been falling for 4 engine aircraft like the 747. allergan already makes botox. it is now getting a treatment for double chins. they have agreed to buy biopharmaceuticals for 2.1 billi

been a busy day in terms of ipos. bob. >> the biggest day of the year for ipos. a very mixed report card. let me give you the winners. here is the big one right over here. glaukos. trading right around 29. there is the big winner. we are waiting for transunion to open the big credit reporting company. they priced this morning at 22.50. i would say that's a moderate winner as well. very mixed over there, already opened a while ago, generate maritime sea crude transportation. it is trading now around $13. a very mixed picture. i want to point out, eight ipos were scheduled to price. two of them did not, been postponed. the important thing is some of the other ones that are out there. we're still waiting for them to open at the nasdaq. we'll give you a full report a little bit later. guys, back to you. >> we are getting a decision on king v. burrwell. the obama decision. hampton is at the supreme court. >> the bottom line. the government wins. obamacare subsidies will be available in all 50 states. here is the key opinio

in terms of an ipo, most people seem to mirror what he was saying.hey don't have a plan to go public. dropbox is the type of company that to pass the 10e 10 the and valuation is an achievement. emily: he said that he can go public without raising more money. we are seeing high profile people leaving. gentry underwood running mailbox, said he would leave, then changed his mind. should we be concerned? >> the war for talent is fierce. technology companies with the te best technologist win. they are still able to hire great people. as our everyone else. other companies are as having -- are having the same attrition issues. people find it an exciting place to work. the proof is in the product. they keep innovating, creating features that consumers love. emily: he said they monitor engineers and are seeing better numbers than ever. i want to turn to what we saw with box today. box teaming up with ibm to go after corporate customers, now able to store content in big blues cloud. i asked aaron leavy of box about the deal and what is next in the cloud. >> th

they can cut back ipos.hey can ease concerns they will clamp down on the record amount of margin debt. there is stuff they can do. in terms of jpmorgan, they think you should seven. this is not going to be the end. we know there are many other people on the bearish side those voices are getting louder. jonathan: does the people's bank of china step in? this market is becoming quite linked to the economic success and prospects of the economy going forward. do you think they have a run for play? richard: it is a long weekend in china this weekend. there is room for them to step in. people have been expecting them to cut the reserve ratio, they thought they would do it last weekend. there's plenty of room for them to ease, and everyone will be looking to what the government does to try and ease attention that has been rising with the dissent we have seen and stocks. any direction by the government to try and short equities, that could provide a support from where the market can go from here. jonathan: richard f

in 1999 we had an ipo a day in the tech market.ow we're at two a month. >> cramer this morning saying we're under deal. >> overstored in this nation but at least right now underdealed. >> going back to the fundamentals here on fitbit for just a moment, one of the numbers i'm watching is the active users per device sold. as of 2014 it was still at .61. for every device, there's less than one user. you expect a compounding effect. you would hope that somebody passing it along to somebody else if they upgrade that device. you hope to see that number get closer and closer to one. are these fitbits really getting used? >> shares are down almost 3% after getting downgraded to neutral at mkm partners. it will produce uncertainty and twitter is not doing enough to fix these user growth. there's no catalyst for improving sentiment in the last two quarters. the one thing they say is a potential for a bid is google coming in. it's been a hiccup for those who want to be short outright. you're a great user. you're an ace on the platform. what's

alix: ipos are actually sucking a lot of money out of 14ditional funds, we have ipos coming out in the., does that money rushing into it, that number of ipos concern you? >> a little bit. if you look at the u.s. market and how it has traded, has been in a trend, trying to break out to new highs. companies see this as a good opportunity to issue new stock for companies, it is a modest signal that we could see weakness in the u.s. market. alix: thank you so much for your perspective. -- daniel morris, thank you so much. directors inmen hollywood speak about sexism in the industry. we wonder what they have to say. -- we will hear what they have to say. ♪ alix: welcome back. we want to get right to top stories. the suspect in fatal shootings at a historical budget in south carolina had a bond hearing today. court,roof was not in but he was visible from a computer link. was it there to answer questions. he is charged with nine counts of murder and a weapons charge. some relatives of victims were in court. no bond on the murder charges, bondhere was a $1 billion on the weapons charge. vladim

it's life is tough when you're ipo. before ipos are really tough. now after ipo it's much worse.hen we can help more people. then we can use our money -- when we ipo-ed, the company is more transparent. >> that was alibaba chairman jack ma today, talking about his regrets surrounding the company's ipo at the economic club of new york. now, alibaba has lagged its peers so far this year. down 15%. while u.s. competitors like amazon and e bay have widely outperformed. so do you buy this weakness? karen, you're already in this stock. >> i'm in. i've been for a while. >> disappointing, yes? >> very disappointing, yes. i'm hanging on. i'm patient. sticking with jack. >> it's funny because he was also asked why the new york stock exchange and he said because we were rejected by hong kong. >> which is absolutely amazing, right? i'm in there with you, karen. i continue to hold on to this stock. >> why? >> well, it's over the 50-day. and i think the reason it sold off was all of those issues with the counterfeiting, right? that -- >> they've gone away? >> it feels like maybe it will slow d

life is tough when you ipo. oh, poor guy. $25 billion ipo. rishaad: quite something.: i don't accuse losing sleep over renren. latest. up next, the ♪ david: hello and welcome back. president obama will be sending more personnel to train iraqi forces. will advise and assist iraqi soldiers including local sunni fighters. islamistold of extremists. the white house said advisers will not serve in combat roles. the new deployment rings the number of personnel in iraq to 3500. -- victims of the germanwings crash have been returned. asple lined the streets hearses drove past their school. 150 people were killed in the crash last march which investigators blame on the plane's copilot. pope francis has told vladimir putin he should do more to bring peace to ukraine. he kept the pope waiting for more than an hour during a private meeting in the vatican. that aid workers be given access to the ukraine. the russian leader said he was held up while visiting the world fair happening in milan. helpad: samsung is getting restructuring itself. also trying to fend off a merger challeng

rather then funneling the cash alibaba raised with its own ipo. josh: it is a great question. in china the market is expanding so rapidly it some is more lucrative to raise it on the public market and float it and have it as the currency and then they will be able to do bonds and build up this massive infrastructure rather than trying to find it out of alibaba's on bank account. cory: jarrett, the chinese stock market was down 4%. they had a couple big collapses with equity prices. you think that they might float this is only a shanghai listing, or do think that this comes to the u.s.? jarrett: i am no expert on that, but separating the revenues from the e-commerce business and the margins from the marketplace, i think that is a great move. cory: it is amazing how the business has grown. let me ask you -- when we look at this business with alibaba, is this the kind of thing where they have enormous growth left in china, or do we need to think of this as the beginning of a global business? jarrett: they do some work here in the u.s. they invested i

, only 82 ipos so far this year.ow last year. however, as many as 44 companies going public in june. the most since 1999. keep an eye on health care we have four expected to debut this week wilfred. >> $2 billion, i wonder that will derail the market rally. >>> another story to focus on apple is changing its tune on its music service after one of the world's top-selling artists flexed her muscles over the weekend. let's get all the details. landon has them from cnbc hq. >>> apple is bound to the concerns raisedbry pop star taylor swift over the treatmenting of apple music. apple plans to launch a three-month trial but it negotiated deals with record labels to not pay musicians royalties and pay them a bit afterwards. swift didn't hold back her criticism on apple's policy. she pulled her latest a.m. bum "1989" which has sold 4.7 million companies since april. and made her thoughts made publicly in an open letter posted on tumblr. she said i find it to be shocking disappointing and completely unlike the historically ge

the fitness band maker upped its price range ahead of tomorrow's ipo. but with the apple watch lurking, could fitbit be unfit for your portfolio? plus, going for the gold. literally. >> i love gold. >> one of the nation's largest endowment funds is hoarding gold. yes, real gold bars. so we're strapping on our cowboy boots and heading to the lone star state. to go behind this bullion vote of confidence and tell you whether gold is a good investment now. all that and more ahead on "fast." when you do business everywhere, the challenges of keeping everyone working together can quickly become the only thing you think about. that's where at&t can help. with the tools and the network you need, to make working as one easier than ever. virtually anywhere. leaving you free to focus on what matters most. ♪ hp instant ink can save you up to 50% on ink delivered to your door, so print all you want and never run out. plans start at $2.99 a month. right now, buy an eligible printer and get three months of free ink with hp instant ink. available at participating retai

is it a sign of uber moving towards an ipo? they already have plenty of cash on hand.e have paul sweeney joining me now from new york and cathie woods. paul, i want to start with you. why is uber taking out this line of credit if they don't need the money? paul: it is the first step of going public. we have seen this move in the past from other early-stage companies, tech companies that are really hot on wall street. by going to your banks and singing we want a line of credit which we think most large companies should have, it shows that a lot of these banks are committed to the company. they look at the commitments made at the credit companies as a precursor, a gauge at how much the companies could depend on these investment banks. yes, it is always nice to have a lot of credit in the marketplace before going public, but it is also a little bit of a road test. emily: cathie, you actually think uber could use this money because they have some important things they want to buy. what can they do with this? cathie: we know we are bidding for a mapping service that microso

rishaad: what about fitbit's ipo? numbers show they are still dominant but the concern is smart watches coming into the play, commodified -- the history has been great call but the concerns are about the sales growth in the margins. bosque: xiaomi's quashing rumors that they are now interested in buying blackberry or htc, what sparked all of this? wast: the idea international expansion but again, you have to consider the , so, it is-- as well a good thing-- rishaad: he is try to squash those rumors are a thank you very much, indeed. in other news, what should google do with its enormous pile of cash? well, by twitter. europe has in pushing twitter to take more risks. the announces falling tors and hurts its economy after arrivals fell for the fifth consecutive month. they will offer more visa exceptions to certain countries and set up a $100 million fund to promote vietnam's attraction is. tors and accounting for 6% of gdp. -- tourismin accounted for 6% of its gdp. nissan had about 8% -- since then, it has barely done

we have 14 ipos coming out.oes that kind of money rushing into it, the number of ipos concern you? what is your take? daniel: a little bit. if you look at where the u.s. market is, it has been kind of difficult convincing the breaking out to new highs. it does not seem to be much momentum there. you have companies seeing that is not a good opportunity to issue some new stock for the companies. it is a modest signal we could see more weakness in the u.s. market between now and the end of the year. alix: thank you so much for your perspective. we really appreciate it, daniel morris. thank you so much. women directors in hollywood speak about sexism in the industry. we will hear what they have to say coming up next. ♪ alix: welcome back. i'm alix steel. we have some top stories -- the suspect in the fatal shootings and the historic black church in charleston had a bond hearing today. he was visible in a video. he spoke only to answer questions. he is charged with nine counts of murder and a weapon charge in some of