you've seen it here and all over social media, rallies ipo s after the metro pcs store was told to turn off its iconic sounds. today they got word to bring back the go go. >> it was announced this music will continue on florida avenue. >> the music stopped after the parent company was threatened with a lawsuit by someone who lives nearby. others living in shaw say if you move into the neighborhood, you need to embrace its culture. >> if you're moving into communities and not embracing the culture, not trying to attach to the culture, it's incredibly alarming. >> there's going to be a town hall meeting tomorrow evening at check it enterprises on martive luther kinge to discuss changes in the neighborhood. that's from 6:00 to 8:00. >>> the news4 i-team exposed a shocking mistake. >> they did so instie a body do program. >> a renter saidme to at my house, that it wasme a . >> when we come right back at 11:00 tonight, the changes state 11:00 tonight, the changes state officialsell us t w ♪ here i go again on my own ♪ goin' down the only road i've ever known ♪ ♪ like a drifter i was-- ♪ born

. >>> acting on a wave of tech ipo s. they are expected to cause the real estate prices to climb by nearly 12% according to some real estate predictions. that was the prediction yesterday and one data analyst told us the numbers could be conservative. >> if huber and airb&b and lyft and others proved to be sustainable we could see a trend. >> the supervisor plans to propose a tax on ipo income in may. the taxes were reduced in 2012 probably with the intention of making san francisco more inviting for tech companies. >>> there is a new issue, this time from above. the rooftop park needs a fix. the pathway is crumbling and workers have started to rip it out to replace it. the pathway is made of decomposedit quickly became riddled with potholes. it cost $600,000 to build. the x will cost about 1 million. >> this is meant to be an oasis and the materials we selected to enhance that experience, what we saw immediately is that it wasn't holding up. >> it is the latest embarrassment. they had to close six weeks after opening whe

nejra: let's get the latest on what is expected to be this year's ipo. 'sing as early as this thursday. seeking to raise $10 billion in the flirtation which could value $120 billion. great to have you with us. talk us through the timeline for the ipo and tell us how the yft.ation compares with l to filepect uber thursday. they are planning to take investors' orders sometime this month and lyft by may. earlier in the process, they have been talking about valuation of up to $120 billion. -- lyft has a different market cap. people are looking at the u.s. and canada market. lyft does not have that much of a global footprint. that may be the market where people compare them. manus: it is all about the comparisons and where people want to place their money. reporterur asia deals with the latest. coming up, we speak exclusively aston martinent of in the middle east and north africa. from this, the bloomberg invest summit in upper darby. -- abu dhabi. this is bloomberg. ♪ nejra: this is bloomberg daybreak: europe. i am nejra cehic in london. manus: i am manus crann

here with youric thats are dominic chu, seema mody and robert frank first up, got to talk ipo s.here are lot of under-the-radar names. we saw zoom's huge opening last week how about jumia technologies, pager duty all having megadebuts jumia is up 150% zoom up 77%. guys, i mean, this is a craze for one of the most boring sounding parts of the ipo market how did it get so hot? >> they're underperforming not underperforming, undercovered these are gems that you can still find outperforming analysts got to cover them more. these are the ones you can find an out performance in opposed to uber or lyft or pinterest. >> and pinterest has done okay 30% gain is nothing to sneeze at everybody is just burned by what happened with lyft >> to me the lesson here was the opposite i was surprised how many companies were doing so well when you looked at the business models there's one here fut 2 holdings. but the revenue maker is a subcompany that's got a weird relationship and they're under investigatio or inquiry for possible money laundering and the stock is up 27%. so this is the federal reser

. >> uber has officially filed for ipo. the s-1 registration was made public after the market closed wednesday, giving the potential public market investors a first look at crucial information in the business. uber's offering is expected to be the largest u.s. ipo this year and among the 10th largest of all time. >> it is a big deal. it feels like a moment we have all been waiting for for a long time. one of the surprises -- one thing that jumped out at me was how much a ridesharing business this still is. the vast majority of revenue comes from ridesharing and the business is concentrated in north america. another thing is how much the s1 focused on ethics, arguing that uber is a conscientious company, from when they earned a less than stellar reputation over ceo travis kalanick. vonnie: big banks kicking off earnings season. wells fargo initially surprised with its best first-quarter profit in five years. since the call, sentiment has turned negative. two things on the call got the wind out of investors' sails. >> number one, t

it may be 2019's biggest ipo.r has filed to list on the new york stock exchange seeking to raise $10 billion. total earnings last year fell just under $50 billion as it wrapped up in operating loss. bloomberg basis -- uber faces explaining to investors why it is mature enough to be a publicly traded company worth somewhere in the range of $100 billion. great to have you with us. walk us through the key takeaways. >> $3 billion in operating loss last year. that is on revenue of 11 billion. revenue group quite well. one of the key takeaways we need to keep in mind is that the fourth quarter, revenue only grew 22% compared to 69% in the first quarter. we are seeing a slowdown in growth of revenue at uber. is whether plays out or not growth will keep going to that point where they meet that magic number, economies of scale that puts them into the black. if the slowdown does continue and they can't quite get to that , that would shake investor confidence. the other thing we need to keep in mind is that uber does own st

. ♪ caroline: uber has officially filed for ipo, making its s-1 public on thursday to give a look atal information. ofy generated net income $997 million, on revenue of 11 billion dollars, but $3 billion of operating losses. uber is expected to be the largest ipo this year in the u.s., and among the 10th largest of all time. joining us is mitchell green in santa barbara, and in new york olivia and eric newcomer. we had almosthat $1 billion net income, but because they sold a lot of stuff. this company is losing significant cash. isc: almost like uber looking at gap financials. because of assets they sold in accounted for operating losses. $4 billion last year, $3 billion this year, $10 billion in operating losses over three years, so this is a massively money-losing company. caroline: which we are not surprised about. olivia, you watched lyft, another lossmaking company that has been hammered in anticipation of numbers coming out. how much are investors worried about lossmaking companies now, when it comes to these unicorns? olivia: it appears not worried at first. lyft came out at $

a $90's ipo could see billion valuation.sident xi jinping says there will not be a harmful depreciation of the one. the u.s. is said to consider concessions in trade talks. good morning everyone and welcome to "daybreak europe." it is just on 7:00 a.m. in london. total get through to first. adjusted net income, 2.7 6 billion dollars. the median estimate was 2.78. a touch light for first quarter adjusted net income. total repeats it expects its 2019 production growth of more than 9%. that's what i'm looking at here. on theming through bloomberg japan interim dividend of 66 euros -- euro cents her share. per share. those are some of the numbers coming through from total. the focus is on output growth and cash flow generation. that's what we will keep looking out for us these numbers keep coming through. let me get to sony. we are deep in earnings season. a lot of stuff coming through on the bloomberg. sony, net income at ¥500 billion. the estimate was ¥563.07 billion . softer on the full-year net income for sony. full-year ope

ipo. weeks before the s 1 is even public, analysts from the banks meet with the executives at the company that's doing the ipo. in those meetings, they help inform the analysts and help them come up with projections for things like revenue. those forecasts are only shared with the banks, clients, institutional investors, of course, to help them make informed decisions about whether to buy shares in the ipo their notes don't become public until weeks after the deal even closes. once the company officially starts marketing to investors with a price range, retail investors are also largely left out of that road show process as well. company executives will travel the company and host meetings with investment firms. these meetings are invitation only, not even the media is allowed in. there are restrictions as to what management can and cannot say in these closed door meetings and the company will post a video of the presentation on retail road show.com that reflects what they talk about, but retail investors will not know what goes on during the q&a portion of those meetings. and lastly, reta

recent ipos have beat out the s&p 500 by 15 percentage points. look pretty attractive. out, if go five years you would have bought every single ipo, 60% of those shares will have fallen. so the outlook starts to get cloudy as you get further out. matt: thanks very much, bloomberg's dani burger looking at other unicorn ipo's. yogi is still with us. what do you think of the ipo climates? how important is it to a healthy market? yogi: it is very important. the ipo market has been very slow. compared to this quarter last year, we are down 94%. the reality of the situation here is that there are not many deals that have come to market. you have volkswagen canceling the truck division, obviously, pinterest is a real interest. a 9 billion dollars valuation. you have mentioned a few other ideas that have met the that said, it has been a slow start your -- start. the problem is these are dominated by trade speculations and we are long-term investors, more interested in the numbers danny has just come out with over 3-10 years and the numbers don't look so

filesarches on as uber for what could be 2019's biggest ipo. g farm -- says it is about the services. this is bloomberg. ♪ nejra: economics, finance, and politics. this is bloomberg surveillance. 2019's biggest ipo could be uber, seeking to raise $10 billion. its total booking last year totaled just under $50 billion but racked up a $3 billion operating loss. is explaining to investors what the company is using billions of dollars but mature enough to be publicly traded and worth in the range of $100 billion. taylor, great to have you with us in london. get it out of the way, good luck at the paris marathon. metellus what we're looking at. raise 10ooking to billion dollars, worth $100 billion. and we just came off of the lyft ipo. and their valuation based on the last closing price was about $17 billion. let's look at why there is so much attention on uber. they are still losing money. it has looked like they had booked again on 2018. don't let that the seaview. seaview -- deceive you. they are still losing money. it is a big question. they are

t to: uber is s getting adady launch the biggest tech ipo of all time. brian: they are seeking to raise $10 0 billion in its public stok mark d debut thehe ipo register for on thursday, seeking to value the company between $90 billion and 100 b billion dollars. that is down from $120 billilio. in 11.3 bililon dollars last year. has yet to turn a profit. shares are expxpected to begin trading onon wall street in may. genie: airbnb is in a delicatete situatioion. brbrian: t they haveve reversesa settlements remove homes from the westerer bank. lawsuits launched in israel and the u.s. accusing airbnb of discrimination against jews come -- convinced the company. says it will donate any profits from west bank listings toto humanitarian aid organizations. genie: theresasa may is rushshig off t to brussels. mamany peoplple, wine lovovers particicularly, are rushing to stock up on wine. brian:n: the n no deal brexit potentiallyy looming, britishsh aficicionados of potent popota's are afraid the tax acrososs spirits mamay be about to dry u. some have rushed to bo

ipo filing. what we are ni boeing max 8's grounded how will your flights be affected we asked a travel expert. >> morning. take a check on the weather and traffic. another nice day, mary. >> that's right. a pleasant day with daytime highs around where we should be this time of year. some changes, though. increasing clouds and windy conditions. heading out the door for work and school what you need to know, clear skies and cool temperatures and breezy. mild temperatures in the 60s. from above average yesterday to where we should be this time of year. a breezy day especially along the coast. a wind advisory is in effect from 11 am until 8 pm for the coastline as well as for the san francisco peninsula. gusts up to 45 miles an hour. we will time it out for you taking you hour by hour and when you will see the wind ease, coming up. emily?>>> so far not too many delays. a little bit of a delay as far as the north bay is concerned thanks to construction. all the way down 101 for the tunnel heading south. not very many cars. they may be doing a traffic break thanks to construction until 5 am on the gold

ipos. genie: jet airwaways is on the verge of bankruptcy. they suspendeded all operatis wednesday after failing to secure emergency funding. largeste once india carrier. lenders have declined to throw a lifeline, but say they are hopeful a bidding process wilill succeed in raising the funds. shares fell over 32% thursday. some 20,000 jobs on the line. employees are calling for the government to change course and step in. >> it is a sad day for us. needs to take action to prevent the aircraft from grounding. genie: purchasing power is on the rise in france. it might not be enough to satisfy the friends, who are fed up with income inequality. >> household purchasing power is set to rise by an average of 850 euros according to the french economic observatory. it is the biggest boost since 2007. a survey shows the french are unhappy with the level of inequality, particularly when it comes to income. vestsif the yellow movement wasn't enough to illustrate the point, now there is statistical confirmation. the french are fed up with inequalities and are i

from its ipo price, giving traders and investors plenty of opportunity f selfies to pin especially for google and facebook alum ben silverman, the founder of the company. >> already 21re million s changed hands. with at least a half dozen more ipo expected next week and uber likely next month, the might be even more excitement ahead. >> and pinterest, a we mentioned, is not yet profitable despite seeing a 60% rise in revenue last year. now that it's aublicly traded company, one of its challenges will be to convince investors that it has a plan to increase market share. julia boorstin takes a look at what's next for that c >> pin southwe investors are planning on the ability to invest o internationallyaw investors and to make it easier for customers toake purchases through the platform. the fact that it's a natural place for commerce making it valuable destination for brands. >> the really cool thing of advertising on pinterest is that people are there to geto inspiration things and that often means buying. so over the last couplof years and for the foreseeable future we'll work on bridging that gap eetweeng something inspirational and finding a product from a retailer you trust

ipo. we are disinclined to read too much into this as either a 's long-termyft fundamental or intrinsic valueotential for a successful ipo of some of the other related companies that are reportedly -- -- reportedly going to list shares. caroline: what about the calls you are fielding on the underlying business models at the moment? the underlying thing is, how do you justify it on a company that loses a billion? >> i think that what -- that what companies are attracted to with lyft is that it is kind of a momentum play in u.s. ridesharing. they have gained market share compared to uber over the past few years. that has translated into share gains and also really heavy revenue growth. they are significantly growing the revenues faster than uber's rideshare business. the valuation that the deal came out at is not at nosebleed type levels of valuation. based on enterprise value to sales. at $70, which is maybe a little bit higher than the stock traded today, it is trading at six times are 2019, which isn't cheap for a lot of people, but if you compare it to a lot of other high-growth companies w

>> uber ipo, we have to see where it s something people you have to understand about uber. you let us down. lyft was going to open at $100 i didn't know you could sell stock if you owned it before the ipo. if you bought it right before the ipo you can sell it. that is very unusual i don't know where uber is going price. a lot of retail investors are giving uber ahead. that is not a good sign. paypal and the stock is unstoppable. they did a great job checked in with the company this weekend, everything is strong there. i wouldn't worry about any investment they make try to figure out has the stock got too high that's what i'm worried b it seems like it hasn't undervalued thin tech. brad in massachusetts, brad? >> jim, i got a position in oxidental. with the discussions, should i be concerned about more down side >> i think it is going to get it i think vicki has been expressing the most, i'd say, ver sieve us are ways she's going to get anadarco. travel trust owns it i am thinking that maybe this is about as good as it gets oxidental may be overpaying. remember, chevron had f

gearing up to file its ipo tomorrow leslie picker joining us with more on -- i don't think it's hyperbole. >> excitement won't stop after tomorrow but we'll be speed reading hundred s of pages of uber's ipo prospectus. they decide whether or not participate in the biggest tech ipo in five years. a source close to the company says uber and some free ipo holders are looking to sell about $10 billion worth of stock. that would make it the largest deal in this sector since alibaba sold a $25 billion offering in 2014 it also would employ a valuation of $100 billion. uber has been releasing financials every quarter for a few years now so investors won't be too surprised by its lack of profitability or the fact that growth has been gradually slowing over time. but the business has become increasingly complex as uber expands into food and freight. uber will stress this complexity is a differentiator from its rival lyft some of today's moves may actually be the result of investors making room in their portfolios for uber amid these reports that the bigger ride-hailing company's filing is quite imminent, guys >> here's a question, which is, sorry about that, morgan, which is

did sell off in the december low and an ipo just before december and it's with the market and it's 12 to 36 and it feels a bit stretched and complacent one day,'strim and take some other measures. >> we compared different ipos and sometimes you get concerned and will these companies ever face profitability >> i think we all know it's a pretty simple business model and an expensive product and one that people want to buy and the question is if they'll say something during earnings. i think that's less like than seeing it trade sidewaysor a little lower. >> 3m getting crushed and we'll tell you how to make money back. >> have a question for the traders or tell us how much you love us. we're live at the nasdaq at times square more options action right after this had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. what do you lo

s-1 filed on edgar. they filed placeholder amount for listing of one billion dollars. as you know, what we understand is that the ipo would be among the, would be the year's biggest. they're expected to raise 10 billion at valuation of 92 100 billion. s-1, the one billion placeholder number. we expect another number to be put in place. hsbc is the underwriter on this issue or i'm sure there will be many, many more to be announced. back to you. melissa: thank you. connell: 90 to 100 billion. yeah. melissa: that's a big one. we'll have more obviously coming up. meantime wikileaks founder julian assange arrested in london. we have the latest details on the charges and the possible extradition. president trump meeting with the south korean president at the white house this afternoon. what they discussed about the on going push to denuclearization north korea. connell, what do you have? connell: you already heard from kevin hassett, medical list. later on in the program, managing director of the imf, christine lagarde in one-on-one interview. she does have surprisingly enough about president trump's economic policies. we

new highs for the s&p 500 and more ipos coming we'll look at where investors should put their money to work and if big earnings, the fed and jobs report will keep the rally. >>> boeing ceo taking unscripted questions as the 737 max crisis continues with new questions about what the company told airlines we'll look at whether the ceo's job is safe. >>> avengers box office blowout isn't just a win for disney. we'll tell you who else could get a super boost from that movie's amazing performance. dom maz the numbers. >> modest gains for the overall market we have record highs in the s&p 500 and nasdaq composite the dow up by 30 points. the nasdaq up by 20 and the russell 2000, the outperformer, up by two-thirds of 1% financials tend to be the standout what many traders are talking about, this idea we're seeing such outperformance with interest rates slightly higher on the ten-year side of things the spyder bank, kbe, has been trading above its 200-day moving average. the kre, spyder regional just ticked above that trend line as well financials a focus our stong of the day is sing-e ingerso

the s&p off five points. big ipos coming today.e mueller report as well other things will dominate the news let's show you whats happened overnight in asia in terms of equities right now you're looking

didn't get past the march highs on the s&p lyft falling below the ipo price.in chicago rick >> we have three bits of data, i'll go chronologically, business inventory, a january number, up .8, much bigger, looking for a number on half of 1% rear view mirror, .3 revision from .2 from .6 to .8. february read on construction spending, another big surprise, we're expecting iin inin inin i up 1%. we almost doubled our last look from 1.3 to 2.5. finally, our march read on ism, national number from manufacturing, looking for a number a little bit north of 54. we have 55.3 so it is a trifecta of better strength 55.3 is the best level since january's 56.6 but obviously in the middle there we had a u-turn, we traded down to 54 and change. we could go through some of the internals, can't we? 57.5 on employment, that's up 5 points and prices paid, moved from a contracting 49.4 to an expanding 54.3, new orders, 57.4 that's about 3 points higher outside of the weakness, early this morning, in retail sales, the numbers have looked pretty solid. sara, back to you. >> yeah, lo

new highs for the s&p 500 and more ipos coming we'll look at where investors should put their money tok and if big earnings, the fed and jobs report wi

icahn >> i have two sources telling me icahn sold his lyft stakes prior to the ipo actually, it was filed between the initial sthat launched the road show. carl icahn's stake was worth about 550 million there are. we called for comment and we'll let you know what we hear. >> leslie, thank you >>> tony robbins out today with a new op ed on cnb.com he lays out four important pieces of advice for securing your financial freedom invest in you. ready, set grow. a new partnership with acorn with us now is tony robbins. life and businessstrategist anda adviser to our cnbc advisory counsel. tony, always great to have you in house, in particular. so many americans have seen all those documentaries where investors get taken advantage of and they think that the financial game is rigged that it's all working against them. you say, no. it's winnable. it's absolutely winnable >> i'm not saying that based on my opinion i've spent the last eight years interviewing 50 of the smartest people, the warren buffetts, carl icahns and saying, is it really winnable? they showed me yes, but there are caveats. you hear all this argument

the s&p off five points. big ipos coming today. we'll talk about the mueller report as well other things will dominate the news let's show you whats happened overnight in asia in terms of equities right now you're looking again at a reds picture there with everything down not terribly, but down nonetheless, and european equities a little bit of a marginally better picture >>> a redacted version -- will hold a news conference to discuss a report at 9:30 a.m. eastern time the redacted report is kbpd to be released to congress and the public after that news conference we'll get a live report from washington in just a few moments. an update on trade talks the u.s. and china have set tentative dates for two rounds of face-to-face meetings u.s. frayed representative and traezry secretarystein mnuchin the week of april 229th. china's vice premier will come to washington the week of may 6th. they have licenses in many different states the companies have been in talks for almost two weeks, and as i understand it, they have signed off on the

ipo. mo treo come from the s-1 and a mo treo come from the s-1 and a lot more here on "closing bell." andthe future that's most meaningful to you. which means you can retire, without retiring from life. having the flexibility to retire on your terms. ask your financial professional about pacific life today. >>> up nt, wllexe' have much >>> up nt, wllexe' have much more on uber's ipo ...& with edge-to-edge intelligence you've got near real time inventory updates... ...& he'll find the same shoes in your store that he found online... ...he'll b very forgetful wide footed customer... at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & if your customer also forgets.... socks! ...& you could send him a coupon for that item. so, every day, we put our latest technology and unrivaled network to work. the united states postal service makes more e-commerce deliveries to homes than anyone else in the country. e-commerce deliveries to homes what do advisors look for don't just track an index, help me meet a client's need. is

. >> sue, thank you very much for that sue herera up next-s lyft's post-ipo sell-off a warning for othero go ipo? >> and the upcoming wave of tech ipos could be a much-needed boom for california's budget. deilcongp.tas mi u your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. we see hat emerson,kthroughs when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. >>> lyft closing down nearly 12%, well below its $72 ipo price. >> what sort of price would encourage you to take some profits? i understand your long-term bull case but given the jump you've had since you invested >> the way we do it is we manage funds. we manage this for our client. so after six months we j

merry christmas levchin's latest venture raising 300 million this week an ipo is coming there as well he'll join us shortly. the s is back in the red we're back in a minute i'm working to keep the fire going for another 150 years. ♪ to inspire confidence through style. ♪ i'm working to make connections of a different kind. ♪ i'm working for beauty that begins with nature. ♪ to treat every car like i treat mine. ♪ at adp we're designing a better way to work, so you can achieve what you're working for. ♪ ♪ ♪ each day, brings new possibilities. that's why you need a partner dedicated to helping your company reach its goals. u.s. bank -- the power of possible. rush is on in the meantime uber, slack, pinterest expected soon with funding activity heating up in the private markets as well. max levchin's latest venture firm raising new funding this week bringing the valuation to 3 billion. firm ceo max levchin joins us this morning in a cnbc exclusive. max, great to see you again. good morning to you. congratulations. >> thank you great to be here >> thereof hear more about what you're up to and how this new round influe

ipos: is you think about in the 1990's in the 1980's, you had to have three years of profit before yout is like if you are profit, what are you doing? [laughter] alix: a real pressure to have -- a real pleasure to have both of you here are coming up, we discussed the health care sector with record deals. that is next in follow the lead. this is bloomberg. ♪ alix: -- viviana: this is bloomberg daybreak. coming up later on bloomberg markets, coca-cola ceo. this is "bloomberg daybreak." shares of coca-cola jumping. first q estimates being earnings. that was fueled by 7% increase in the asia-pacific region. coke reiterating its previous guidance that this year earnings would be flat. lockheed martin raising its profit sales forecast for the year. the world's largest defense contractor reading the benefits from a higher production of the f-35 fighter. $133rder backlog has hit billion. it is a first for disney's theme parks. disneyland requires reservations to enter the new star wars attraction from opening day to june 23. guests at disney hotels in anaheim will be guaranteed entry. as a res

s&p 500 was flat, and the nasdaq lost 16 points. >>> there are new details about uber's highly anticipated ipo.ere on the new york stock exchange under the symbol uber. documents released yesterday shows the company racked up nearly a billion dollars in losses over the last ten years. last year it was $11 billion, up 42% from the year before. uber is expected to ovide nge f. now, keep in mind rival lyft went public two weeks ago.etler will close 159 stores across 13 states in a bid to cut costs. it affects a quarter of fred's stores within mississippi, alabama, georgia, and tennessee, those hardest hit by the closures. the ceo says the chain may seek to restructure or sell the whole company. >>> and disney has revealed the details of its video streaming service, disney plus, including its price and release date. disney plus will release on november 12th and cost $6.99 a month or $69.99 a year. disney will likely bundle the service with hulu and espn with a discount. it will include 25 original series and ten movies and specials along with 400 titles from the disney library. anne-marie. >> more

start with you after the record closes yesterday for the s&p and nasdaq, just to categorize where we're at in terms of markets and the role iposlaying >> i think the important thing is earnings are holding up they are not going down. they're getting better i think we're going to be flatish, not down. we have the fed behind the stock market essentially let's be honest about that and china is improving and europe at least is stabilizing there's your four factors. look at the ipo market lyft is now the outlier. the ipo rush since levi strauss has been successful, all the big ones have been to the upside, zoom, pinterest, all up. lyft is not. you can debate is it because they have big losses, because the pricing was wrong? whatever, that's the outlier i think the big thing right now is we're talking about $100 billion year for ipos this year and this could be the record year we've been waiting for this since 1999 who knows if it will actually happen but so far the valuations are excellent and we may even be able to raise $700 billion, a market cap of $700 billion, $800 billion, we don't know i think this is a good shot right now a

s&p. slowly, the environment is improving and optimism is emerging. therefore, you are seeing more iposing to the market. guy: what will keep that optimism going? the rally comes off a low base. the back end of last year was very difficult. what are the catalysts that will keep it going? i'm struggling to find them. can you hear me? i'm suggesting the answer to that is no. vonnie: perhaps i can ask your question for you. can you hear me? we will come back to her in a moment. let's take a quick look at how the markets are faring now. a mixed bag in terms of earnings. down, tumbling even further, dragging other health care stocks with it. the earnings themselves were pretty decent. united health upgrading its outlook. however, overall, the market is higher. gains for the s&p 500 and the dow and the nasdaq. the vix at a quiet 12. the 10 year at 2.58%. in europe, a bit of a mixed bag. equities wise, we are in the green. guy: absolutely. what we've got is financial services, assurance, auto parts outperforming today. there does seem to be some evidence that we are seeing some stabilization h

s&p and the dow. but sadly if you invested in lyft not too many people could get in on the ipo but maybe you bought itarket, you'd be unhappy today because look at where lyft sits. or lies. or whatever. it has cratered there at $70 a share. down $8 today, or 10%. as you'll recall, it went public last week at 72. it went up, flirted with 90, right? >> 87 was the open >> 87 was the high and now back to 70 often that is the history of ipos >> we have to see what it means for the pipeline lyft got it for the capital rates but for the investor rates. >> thank you for watching "power lunch. >> "closing bell" starts right now. >>> it is the final hour of trade. stocks rally here. morgan stanley's top equity strategist will reveal the warning signs he is seeing in the market lyft on track to post below its ipo price. what that means for other companies in the pipeline. and mark zuckerberg asking washington to regulate facebook. a former fcc chair will tell us what steps he thinks the government could take. "closing bell" starts right now. ♪ >>> welcome to

expect a break neck pace of growth from you, what does this ipo do to the way you look at growth >> i think, first of all, we started from stomers. we really want to have our -- really help our company brand. with that, our enterprise will take off from here. >> how determined are you to remain independent >> i think really boils down to our employees. i always told our employees, if you're very happy and do all you being, i think we'll be okay. >> enterprises use to chart how successful they are, you guys scored pretty high but you're up against the likes of cisco. >> yep. >> microsoft, adobe, et cetera. how do you look at big company competition, what's going to continue to give you an edge now that you're publicly traded? >> those companies are all great companies. i admire them a lot. most of time we do not spend, you know, looking at competitors. we spend time to care about our customers. we want to understand what's the pinpoint from a customer side. we want to be the first company to understand the customer's pinpoint. to come up with a solution to take care of the customer. if we keep doing, that the customers will

s-1 from finally here. we will delve into the issues of what the take home is in terms of revenue and how much they .arned, and each key drop they filed for ipoeeking a uber.eading under this will be key for us, the metrics within the filing and what it means for lyft. romaine: one thing a lot of people talked about where the cash flow numbers. they were cash flow negative last year at $1.5 billion, and the expectation is that that could increase, with the ambitions they have, particularly with price pressure they have with regard to drivers and competition with lyft, so interesting to see how they address that. joe: absolutely. some of the key things we will look for as we dive into this, thebig story with lyft, idea they are trying to take more and more, and the tension that emerges between the company and the drivers. romaine: can i point out, basically on the second or third page of this, they are already talking about how much they pay drivers, how much they change cities. you can see the narrative about the good that they do. caroline: ethics. romaine: that is where they are trying to divert attention. caroline: that is what lyft did. s

s&p. david blitzer hangs up his jacket after 40 years. what he thinks about the future of passive investing. >>> and the wave of hot ipos coming logistical, legal, and economic problems that's what many are saying is ahead if the border closes we'll take a closer look >> announcer: this is "the exchange" on cnbc. -i call it my comfortable future plan. -it's our confident forever plan. -welcome to our complete freedom plan. -it's all possible with a cfp professional. ♪ -find your certified financial planner™ professional at letsmakeaplan.org. your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. woi felt completely helpless. trashed online, my entire career and business were in jeopardy. i called reputation defender. they were able to restore my good name. if you're under attack, i recommend calling reputation defender. and consider joining their groundbreaking campaign to give every american the right to remove old, inaccurate search results by going to righttobeforgotten.org. vo: if you have search r

facebook dropped to its lowest ipo price on the second day of trading. outlook has been cut by the sgative, to a-, after this chief executive stepped down last week. wells fargo has struggled to tame a range of scandals. there are now looking for a permanent replacement. has reportedly alerted french prosecutors to payments made by carlos ghosn, following reports of them anyway have been used to repay personal debt. bloomberg has learned that the payments totaled millions of euros. a spokesman for carlos ghosn's family denied any wrongdoing. that is your business flash. manus: thank you very much, olivia. the chinese government says it a suspension of retaliatory tariffs, and include opioid fentanyl and a list of controlled substances. the vice premier is arriving in the united states for talks. nejra: it is a slightly different tone out of the e.u., as the european commission president stepped up his criticism on china, after said -- iti jinping can't stay like this, the chinese companies have access to our markets in europe where we don't to the markets in china. is still with us,

ipos to hit the market. right now, the dow is down. we're down 65 right now. s&p down 5 and a quarter, nasdaq down 15 and a quarter. now to europe. growth concerns keeping markets somewhat muted but to the downside, the ftse, the cac and the dax all slightly red in trading there this morning. taking a look at stocks in asia, somewhat quiet e overnight, despite a positive report on u.s.-china trade talks. the hopes for a summit still alive between president trump and xi-jinping. the kospi down almost 1 and-a-half percent. lauren: welcome to "fbn: a.m.." good morning, i'm lauren simonetti. cheryl: and good morning, everybody. i'm cheryl casone. well, today is the day. we are finally going to get the long-awaited release of the mueller report, the redacted version of that report going to be released to congress later on this morning. we're thinking sometime between 11:00 a.m. and noon. attorney general william barr is going to be holding a news conference before the release to congress of the report. that's 9:30 a.m. eastern time. you want to make sure you stay wit

facebook fell below the ipo price on it second day of trading. from sedit ratings for wells fargo. .his was recorded at a- tim sloan gave into critics after a range of scandals. wells fargo is looking for a permanent replacement externally. boeing needs more time to finish the software fix for its grounded planes. linked to has been two fatal crashes in five months. the upgrades will be ready for weeks. any changes will face a rigorous review. that is the bloomberg business flash. nejra: the latest on brexit. theresa may expected to confront senior ministers today with a long delay option, after lawmakers failed to agree on plan b, rejecting all options but forward to replace her deal. none commanded a majority. the stalemate leaves the prime minister with no clear idea on what to do next. her cabinet meeting this morning comes 10 days ahead of a potential no deal brexit, the default option if there is no plan agreed on. david, great to have you with me . i will ask you the same question. what happens next? daivd: you will have the same answer. this epi

aractily beininstalleinsthe futu s bay authority hopes to have the transit center reopen by june 1. >>> today uber will make its ipo filing public. what does this mean? at uber headquarters in san francisco we have a breakdown. jackie? >> >> wear while uber has not reported specific numbers we have an idea of how it will be value. $100 billion is the amount of money they are worth. down $20 billion from last year when it was reported to be worth $120 billion. this will be one of the largest ipo announcements in history. potentially stocks will be value between $48 to $55 a share. lyft is already public and with this announcement the stock is dropping.with a broader presence and various business lines. uberwa2.2 billion. this announcement will create a ripple effect for other tech companies in the bay area. that will probably affect the real estate market. we will let you know about this next. in san francisco, jackie ward. >>> >>> a man and woman reported missing while hiking have been found safe. thank you to the volunteers. we are grateful. >> gabrielle wallace and eric the splinter were found yesterday in the am

s tomorrow. >>> bloomberg reports that uber could release detailed financial information about itself to potential in masters. ipois expected to be the biggest one this year and one of the 10 biggest of all time. the san francisco-based rights hearing company is seeking evaluation between 90 and $100 billion. they could begin trading on the new york stock exchange as soon as next month. let's talk about the arrival. they're having one of the worst days yet. it's down about 9%. they could file to go public. they have struggled ever since going public. the price was $72 right now it is at about $61 per share. >>> stocks are mostly higher. we are seeing that yesterday after that downturn ended. it spent most of the session and the red that we are right back here at the level about half an hour before the close. the nasdaq is up by more than half. >>> israeli prime minister is heading for a fifth term in office at the main opponent conceded defeat. after a tightly fought race. now, they fear that his reelection will -- hopes of a solution to the long-running conflict with israel. he says he will start forming a right

s. looks like it will be trading in the $65. what do you make of the ipo story? i imagine it is not something you get too granular with, but what do you take away? taking much time to turn tail. looks legs uma is coming out pretty strongly -- looks like zoom is coming out pretty strongly. dubravko: over the past several quarters, it hasn't been as upbeat as you would have expected. a lot of this is political uncertainty, trade and so forth. but again, as some of these clouds clear up, i do think the pipeline is quite strong, and you could see this activity pickup. certainly corporate america is sitting on a ton of cash. rates are still pretty low, so access to capital i think is still quite cheap. i think that this activity should remain, or definitely has the potential for picking up, and it is a pretty important factor for broadly speaking sentiment. vonnie: what do you make of the fact that we are very close to all-time highs for several of the indices? it doesn't seem up there is any reason for that to stop, in spite of all this negative news. we have just be

s-1 a few weeks ago. stuart: airbnb is not a tech ipo, but they are coming up later this year.'re not investors in airbnb. i think it is, i'm not deeply informed on it. i would say it's a tech company. people say expedia and priceline, they're internet companies but i think they are, i think they are big markets. i think airbnb is going after a really big market. i think one challenge that airbnb has had is like, local constituents, like don't, doesn't benefit a lot of local constituents. think about uber, people that use uber in new york city, they're tourists but they're mainly locals. millions of new yorkers love, love uber. they will fight their governments to have uber or lyft, whatever. if you think about airbnb, most people that use airbnb in new york city are tourists. it only benefits a very small amount of constituents, the people that have apartments to rent out. so i think there is move regulatory issues around airbnb than lyft or uber but i think it's a very good business. stuart: i've got one last question before i run out of time. typical stuart varney and "varne

ipo price. down nearly 15% in the last week alone as we await uber's debut now. investors expecting an sater on this afternoon. with us to break it all down, jason calicanos. welcome back. good to see you, again. >> good to be home, carl. how are you? >> good. i've been wondering what jason thinks about lyft having worked it's way down from the mid-80s in just a few days. what are your thoughts >> everybody gets a little obsessed about ipo pricing and it's super exciting. what we see here in silicon valley, these stocks are now trading in the private market for a couple of years before they go public. it's not that big of a deal for us. i get offers every day for my shares in uber or thumbtack. there's a whole secondary market going on -- >> i'm glad you're okay. i'm glad you're good. i'm wondering what you tell people who bought at 80. >> if you're buying stocks to flip them and you get burned, you're a gambler, and you get what you deserve. let's be clear, you're gambling. i think you should be looking at these stocks and trying to hold them for five or ten years because we always over

60 points last week the three-week win streak for the s&p 500 ended that despite retail sales posting their biggest jump since 2017 and two strong ipos the major averages just over 1% from their all-time high doesn't look like we'll hit it today, but you never know. this certainly has time to turn around overnight in asia, kind of a thin trade there china's domestic market, the only major market that was trading overnight. japan and hong kong closed for the easter holiday or most of europe japan did trade up .08 of 1% shanghai was down 1.75%. the big move was stocks. oil is surging up 2.5% on a report that the state department will stop giving wavers to countries that buy iranian oil crude oil is up nearly 2.5% on that news. we'll get much more on this and where we expect oil to go with rbc's helena kroft the market moves this week will come from the companies themselves it is earnings it is a huge week for earnings today you have perhaps the oil story being told via halliburton. we have many big other names to watch this week including coca-cola, facebook, boeing, at&t, amazon, chevron and exxon along with many, many others now that

ipo. >> thank you very much have a lovely weekend. the s&p is up by 0 .2% at the close.was 150 but still 0.4% gain that's the first hour of the "closing bell. morgan, back to you. >>> welcome to the "closing bell." i'm morgan brennan in for sarah eisen today. along with mike dan thole, cnbc senior market commentator. here's how we're finishing the day on wall street as stocks settle the dow finishing up .4% for 111 points, 26,560 the level there s&p up a fracture as well, 2,905. nasdaq around the flat line of 7,998. russell 2000, small caps underperforming finishing the day down slightly. given the fact this is the last trading day of this holiday week, the dow, the that's dak, all finishinasdaq all finishing higher here's a story for investors, health care stocks suffering the worst week and the redacted mueller report is officially out. it's been quite a day. joining us to talk about the market today, our global equities research director and portfolio manager at nuvy, tiaa company. but first, mike santelli, let's start with you s&p finishing the week around the flat l