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Nov 28, 2013
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kayla t kayla tausche has more. >> reporter: combine the severe weather and the nation's busiest travel day and you get one hectic holiday. the winter storm barrelling up the eastern seaboard throwing a wrench in thanksgiving travels. fight aware ceo dan baker said the effects have been felt in cities across the u.s. >> we got off to a rough start to the week. there was really bad weather, really that hit the dallas-fort worth area on monday, and it really got the airlines off to a bad start. the weather wasn't too bad yesterdays but today is looking bad across the entire east coast. >> reporter: more than 1500 flights were cancelled out right between monday and wednesday. with cancellations growing by the hour, newark international saw the most problems. jetblue doing the same for 15 airports. passengers on some 3,000 flights wednesday saw the root delayed many upwards of an hour. ryan gardener found out his delta flight was pushed back but glad it wasn't worse. >> i'm hoping an hour, hour and say 15 minutes, two hours most. whatever, i'm not working so i'm relaxed and in for the long
kayla t kayla tausche has more. >> reporter: combine the severe weather and the nation's busiest travel day and you get one hectic holiday. the winter storm barrelling up the eastern seaboard throwing a wrench in thanksgiving travels. fight aware ceo dan baker said the effects have been felt in cities across the u.s. >> we got off to a rough start to the week. there was really bad weather, really that hit the dallas-fort worth area on monday, and it really got the airlines off to a...
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Nov 5, 2013
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there's hash tag trouble before twitter goes public and you consider putting money in it, see kayla tausche's report. kayla? >> you've heard it for weeks on cnbc, there's a lot of potential upside for twitter's ipo. there's reasons to be concerned. high risk, high reward. that story straight ahead. >> and the video of the day, maybe the month, maybe the year, two sky diving planes colliding. everyone on board has to think fast, really fast. we'll show you more of this amazing video and hear from the people who lived to tell about it, that's coming up. wow. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. >>> welcome back to "power lunch." monster beverage is at session highs. wall street is optimistic about its earnings slatsds to come out on thursday. analysts are expecting a gain of 57 cents a share compared to 47 cents a year ago. sales expected to come in at $602 million. these energy drinks have
there's hash tag trouble before twitter goes public and you consider putting money in it, see kayla tausche's report. kayla? >> you've heard it for weeks on cnbc, there's a lot of potential upside for twitter's ipo. there's reasons to be concerned. high risk, high reward. that story straight ahead. >> and the video of the day, maybe the month, maybe the year, two sky diving planes colliding. everyone on board has to think fast, really fast. we'll show you more of this amazing video...
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Nov 25, 2013
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cnbc's kayla tausche joins with us that story and more for your money. morning. >> reporter: good morning, aaron. something to keep in mind on this busy travel week. of boeing is alerting airlines to a possible engine icing problem on its 787 dreamliner and the newest 747 model jet. the company is recommending planes with a certain g.e. engine to avoid flying near thunderstorms that may contain ice crystals. six incidents involving jets that temporarily lost thrust. and big banks are reportedly warning they could start charging he dit cuts the intere holding more than $2 trillion of their reserves. the massive bond buying program has helped keep interest rates low. banks say they may have to charge fees because taking in deposits isn't free. they have to pay premiums to cover federal deposit insurance. certainly something to keep in mind this as well. certainly it doesn't seem like a free checking account exists anymore. guys, back to you. >>> kayla tausche at cnbc, that you. >>> taylor swift swept the competition. the country pop star won the top honor a
cnbc's kayla tausche joins with us that story and more for your money. morning. >> reporter: good morning, aaron. something to keep in mind on this busy travel week. of boeing is alerting airlines to a possible engine icing problem on its 787 dreamliner and the newest 747 model jet. the company is recommending planes with a certain g.e. engine to avoid flying near thunderstorms that may contain ice crystals. six incidents involving jets that temporarily lost thrust. and big banks are...
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Nov 25, 2013
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. >>> and now for business, cnbc's kayla tausche. >> big banks are reportedly warning they could start charging deposit fees if the fed cuts the interest rate for holding more than $2 trillion in reserves, one option the fed is considering when it starts to taper the massive buying program that helps keep interest rates low. microsoft said it sold more than one million xbox 1 consoles on friday. sony's playstation 4 hit stores the previous week and yahoo may name a deal naming katie couric its global news anchor. hosting a high-profile online video show. the stories we'll be keeping our eye on rich for now, back to you. >>> just ahead, a jam-packed monday morning, sports to kick offer week. >>> plus the best damn band in the world marches to a whole different level. >>> a beautiful sunrise in washington, d.c., let's get you to the latest in sports. >>> you don't hear this very often, the patriots shut out by the broncos for the entire first half. sunday night. the probably had to do with the pats' six fumbles. 24-0 going into the locker room. the halftime talk or the yell made the diff
. >>> and now for business, cnbc's kayla tausche. >> big banks are reportedly warning they could start charging deposit fees if the fed cuts the interest rate for holding more than $2 trillion in reserves, one option the fed is considering when it starts to taper the massive buying program that helps keep interest rates low. microsoft said it sold more than one million xbox 1 consoles on friday. sony's playstation 4 hit stores the previous week and yahoo may name a deal naming...
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Nov 27, 2013
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kayla tausche is at newark liberty airport in new york where the lines, i believe, kayla, are really picking up. >> they are, mandy. here we have some intermittent rain, dreary skies and light wind but it's still enough to make newark close to the most cancellations for flights in the tri-state area. that's roughly 60 at this point according to flight aware. that's why roughly 40% of travelers coming through newark did their traveling yesterday. that's according to one of the controllers here. because the fear is that the worst is still to come as this storm starts moving up the east coast. now a lot of airlines do have their hubs here at newark. united airlines is one of them and they went so far as it to say anyone who wanted to change their flight that had a cancellation or a delay out of one of the hub, could do that with no fee. that's cleveland, washington dulles and here at newark. jetblue went so far to say we'll waive the fee for 15 airports and those change fees sometimes in the realm of $150 a pop are a huge source of revenue for the airlines. little wonder they did that b
kayla tausche is at newark liberty airport in new york where the lines, i believe, kayla, are really picking up. >> they are, mandy. here we have some intermittent rain, dreary skies and light wind but it's still enough to make newark close to the most cancellations for flights in the tri-state area. that's roughly 60 at this point according to flight aware. that's why roughly 40% of travelers coming through newark did their traveling yesterday. that's according to one of the controllers...
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the price and kayla tausche with the latest. also how this will play out. rn the stock price? >> well, maria, it will all happen after market. the goalpost keeps getting higher. will price above $25 per share. that was the previous high end of its increased range. ba $27 per share will be predicted. if management signs off, twitter would debt a rich valuation for this not profitable company yet. $19 billion actually diluted including that employee compensation. drawn much attention in washington too with some in congress trying to buy into the ipo. earlier today the house ethics committee reminded congress of the stock act and the restrictions on participating in ipos. in a manner other than is available to the members of the general public, ipo participation, however, is normally not available to the general public, end quote from that memo. the public won't be able to get in until tomorrow but some traders are taking twitter profits, take a look at shares of these two vehicles that have been investing in secondary twitter share, gsb capital and firsthand b
the price and kayla tausche with the latest. also how this will play out. rn the stock price? >> well, maria, it will all happen after market. the goalpost keeps getting higher. will price above $25 per share. that was the previous high end of its increased range. ba $27 per share will be predicted. if management signs off, twitter would debt a rich valuation for this not profitable company yet. $19 billion actually diluted including that employee compensation. drawn much attention in...
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Nov 14, 2013
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i'm going to turn it over to kayla tausche and bob pisani. guys, the markets did get a little bit of a boost from janet yellen's testimony as well in front of the senate banking committee this morning. and that's also on the agenda on "power lunch." >> thank you so much. we have bob here and we've been watching the markets. it seemed like the market pretty much knew what yellen had been planning to say. >> here's the problem. the yellen rally was essentially yesterday. the rumors for once about maybe janet yellen would be a little more dovish than we expected happened, and the move happened yesterday. today, modest moves to the upside on the dow industrials. but the bottom line here, kayla, is i think janet yellen is delighted with what happened because the markets were on the upside on the s&p 500. we are at record highs, and on the dow jones industrial average, interest rates are flat to slightly down. put up the ten-year yield. very little movement. gentle slope to the down side on the yields. and i think the most important thing is the te
i'm going to turn it over to kayla tausche and bob pisani. guys, the markets did get a little bit of a boost from janet yellen's testimony as well in front of the senate banking committee this morning. and that's also on the agenda on "power lunch." >> thank you so much. we have bob here and we've been watching the markets. it seemed like the market pretty much knew what yellen had been planning to say. >> here's the problem. the yellen rally was essentially yesterday. the...
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for that and the rest of the news let's turn things over to kayla tausche.ood morning. >> hey, good monday morning. futures are higher as the markets come off a positive week. the dow and s&p 500 posted seven weeks of gains, those at record highs. oil prices are lower today around $93 a barrel, that's as traders react to the international deal struck this weekend over iran's nuclear program. we get data on pending home sales, the dow rising 55 points to 16,065. the daz knack adding to 2392. boeing is alerting airlines to a possible engine icing problem on its 787 dreamliner and the newest 747 jet. the company is recommending planes with a certain ge engine, the nx, avoid flying near thunderstorms that may contain ice crystals. it follows six incidents with jets that temporarily lost thrust. and yahoo! may announce a deal naming katie couric its global news anger. she would coast an interview show feature prominently on yahoo!'s home page. melissa meyer spear headed efforts to boost the company's boring image and give a unique reason to visit the site. this w
for that and the rest of the news let's turn things over to kayla tausche.ood morning. >> hey, good monday morning. futures are higher as the markets come off a positive week. the dow and s&p 500 posted seven weeks of gains, those at record highs. oil prices are lower today around $93 a barrel, that's as traders react to the international deal struck this weekend over iran's nuclear program. we get data on pending home sales, the dow rising 55 points to 16,065. the daz knack adding to...
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kayla tausche is live at newark airport, which, actually, has looked quite quiet all morning, kayla.d pockets of busyness here and there. foot traffic has been picking up. very steadily on what is the busiest travel day of the year. unfortunately, cancellations as well as delays have also been picking up, and at a more rapid pace. according to flightaware, 485 flights have been delayed -- cancelled. but here at newark, 31 flights cancelled. that's more of any new york-area airport. united the big hub here. they said they will waive the change fee for any customer that needs to rebook that flight. that's obviously, a change in policy for the airairlines, cancellations can be costly. the costs won't be estimatable for some time. in 2012, delays cost $7.2 billion in operating income. that breaks down to about $78 for every minute of delays, and for customers, as well, some of them will be seeing some costs in the near term as they're hold up at some of the airports. take a listen. >> depending on how long we're delayed, we could drop a couple hundred bucks. i'm hoping just an hour, hour
kayla tausche is live at newark airport, which, actually, has looked quite quiet all morning, kayla.d pockets of busyness here and there. foot traffic has been picking up. very steadily on what is the busiest travel day of the year. unfortunately, cancellations as well as delays have also been picking up, and at a more rapid pace. according to flightaware, 485 flights have been delayed -- cancelled. but here at newark, 31 flights cancelled. that's more of any new york-area airport. united the...
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kayla tausche is live at cnbc headquarters. good morning. >> good morning. futures are higher after stocks faded late in the day. all new highs, only the dow managed to close in record territory. the nasdaq did break above the 4,000 mark, at the level it had not seen in 13 years. data today on housing permits, home prices and consumer confidence. the dow rising 8 points to 16,073, the nasdaq adding 3 to 3995. that's the latest in the markets. back to you. >> thank you much. hue led packard will report profits. the closing bell, hp has a different calendar than the rest of silicon valley. most reported the same time generally. we have no idea what h sprks going to say but its announcements tend to be huge market movers. they are not on the dow but in the last three or four reporting periods, hp said something either so upsetting or so good its stock made enormous moves. so this should come this afternoon f. they stick to tradition it will be big news. >> there we go. one to watch. thanks so much. >> love me, hate me, don't ignore me. >> let's see how much we
kayla tausche is live at cnbc headquarters. good morning. >> good morning. futures are higher after stocks faded late in the day. all new highs, only the dow managed to close in record territory. the nasdaq did break above the 4,000 mark, at the level it had not seen in 13 years. data today on housing permits, home prices and consumer confidence. the dow rising 8 points to 16,073, the nasdaq adding 3 to 3995. that's the latest in the markets. back to you. >> thank you much. hue led...
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. >>> kayla tausche is here. john fortt there. s may end up paying the price of the fed's taper why? >> you used to earn interest on your savings. that's been gone a long time. banks take in deposits and make loans backed by the deposits but they don't lend back out gets stored in excess reserves at the fed. the amount stored by banks is up 64% from just last year. now the fed pays banks interest on these reserves. a quarter of a percent. minutes from the fed's last meeting showed most members open to lowering that interest rate as a signal that they'll keep other rates low too. in all, the if fed has $2.47 trillion from banks in those reserve balanceses meaning the industry earns roughly 600 plus billion in interest. they use the proceeds to pay for premiums to ensure the accounts at the fdic and some executives are saying if they make less in interest they may have to start charging consumers for deposits. in the last four quarters they only paid the fdic in $11 billion. it would seem we're far off from the two sides canceling ea
. >>> kayla tausche is here. john fortt there. s may end up paying the price of the fed's taper why? >> you used to earn interest on your savings. that's been gone a long time. banks take in deposits and make loans backed by the deposits but they don't lend back out gets stored in excess reserves at the fed. the amount stored by banks is up 64% from just last year. now the fed pays banks interest on these reserves. a quarter of a percent. minutes from the fed's last meeting...
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kayla tausche joins us following that story and has the latest. >> it's the homestretch of the highly anticipated ipo. executives are rounding out meetings with investors on the west coast. bankers deciding how to engineer the deal now that they have a better sense of wall street's demand. twitter raises the price range for shares it will offer, 23 to 25 a share is the new range up from 17 to 20 a share prely. that means the company could raise $2 billion valuing the company at $13.6 billion, including employee stock units that becomes higher. twitter bankers could increase the size of the offering from 70 million shares. reuters reporting the deadline for stock orders tomorrow at noon. that's earlier than expected. investors recall facebook's flubs. giving retail investors more than 20% of the deal. this time is different. there are no sellers and during the facebook ipo goldman sace. warn it was to expensive. institutional investors not retail. retail dumping facebook stock when it didn't open and giving themselves more than a day to sift through orders. to make sure the balance is
kayla tausche joins us following that story and has the latest. >> it's the homestretch of the highly anticipated ipo. executives are rounding out meetings with investors on the west coast. bankers deciding how to engineer the deal now that they have a better sense of wall street's demand. twitter raises the price range for shares it will offer, 23 to 25 a share is the new range up from 17 to 20 a share prely. that means the company could raise $2 billion valuing the company at $13.6...
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kayla tausche has been crunching the numbers and she joins us. >> scott, with this type of open, i don't think anyone is arguing that it's cheap. $45.10, of course, is that opening print. but with that number, twitter's market cap went from the already rich $18 billion to $32 billion. $31.8 billion. bigger than a slew of companies that we talk about here all the time. chipotle, 16.7 billion market cap. netflix, $19.4 billion market cap. even sprint, $26.8 billion. the only, you know, tech company around this size that is a little bit bigger than twitter, yahoo! $33.7 billion. so this is a giant company at the price that it's opened at. of course, it's a growth story, as stephanie just said, and that's what people are betting on. it doesn't have earnings, so the only thing to value it on at this point is revenues. and based on a multiple of nine months of the year -- so year-to-date revenues so far, because we want to give it credit for the growth so far -- twitter is currently valued at 75.3 times revenues for the first three quarters of the year. compare that to yelp, which also went pu
kayla tausche has been crunching the numbers and she joins us. >> scott, with this type of open, i don't think anyone is arguing that it's cheap. $45.10, of course, is that opening print. but with that number, twitter's market cap went from the already rich $18 billion to $32 billion. $31.8 billion. bigger than a slew of companies that we talk about here all the time. chipotle, 16.7 billion market cap. netflix, $19.4 billion market cap. even sprint, $26.8 billion. the only, you know, tech...
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kayla tausche, this -- should i weep over this? >> i don't know. depends on what camp you stand in? >> two camps forming on wall street and another major companies, the haves that have two devices one work blackberry and those that just have one device, ditched the blackberry in favor of something else. before companies wouldn't let employees switch or bring their own device for security reasons. but now they're embracing it with the help of a not so new app called good. good is an app that lives on a tablet or smartphone, securely connects any apple or android device to a company's survey, e-mail, calendar, contacts, secure documents an its security rating is two levels higher than blackberry. ceo christy wyatt formally an executive of citigroup, motorola and palm said blackberry's troubled corporate state has led a lot of companies to explore other options. >> we've seen within our own active user base we've actually grown our active users by 50% within the last three quarters. so that just speaks to the acceleration in the market. >> wyatt said revenue has jumped in the last 30 d
kayla tausche, this -- should i weep over this? >> i don't know. depends on what camp you stand in? >> two camps forming on wall street and another major companies, the haves that have two devices one work blackberry and those that just have one device, ditched the blackberry in favor of something else. before companies wouldn't let employees switch or bring their own device for security reasons. but now they're embracing it with the help of a not so new app called good. good is an...
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kayla tausche, cnbc.com commentary editor cindy with us as well.ou had such an algust title. >> it's grand. >> blackberry giving john chen a pay package that could be worth $85 million if he turns the company around and stays for five full years. smart move or not for a struggling company? >> you want something that's not going to bolt after one year. if they're going to turn the company around this is a long-term effort, according to the afl-cio the average s&p ceo made $12.3 million. he's not getting that much more than the average and argue to take that job you needed to add a little bit incentive. >> he has to stay, these options don't start to vest until he's been there three years, that company may not exist in three years, but to get the full value he has to stay five. >> i like john chen and i think that it was a good move but does blackberry have $85 million? didn't they lose close to a billion last quarter? it's a lot of in un he but i hope he can turn it around. >> if the guy turns it around and he stays for the full term, i mean then th
kayla tausche, cnbc.com commentary editor cindy with us as well.ou had such an algust title. >> it's grand. >> blackberry giving john chen a pay package that could be worth $85 million if he turns the company around and stays for five full years. smart move or not for a struggling company? >> you want something that's not going to bolt after one year. if they're going to turn the company around this is a long-term effort, according to the afl-cio the average s&p ceo made...
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kayla tausche is live at newark airport. how does it look out there? >> hey, scott, pretty low foot traffic at the delta terminal where we are. the hub at newark is united. a lot of united flights getting cancelled, and united has said they'll waive the change fees. newark is one of the top airports with cancellations and delays in the tri-state area. 31 flights cancelled coming in, 31 flights cancelled going out, tied with philadelphia. and higher than la guardia. but so far, nationwide, they're picking up throughout the day. already 507 flights have been cancelled, that's according to flightaware, and that's on pace for the total cancellations that we saw on monday and tuesday. so definitely a number to watch as we go throughout the day and the weather starts to worsen. so far, 1,800 flights have been delayed, so if you are looking to get out tonight, then it's very likely that what you will see is a delay. but that doesn't necessarily mean your flight will be cancelled. something that we're going to watch is the weather worsening, that's when everyo
kayla tausche is live at newark airport. how does it look out there? >> hey, scott, pretty low foot traffic at the delta terminal where we are. the hub at newark is united. a lot of united flights getting cancelled, and united has said they'll waive the change fees. newark is one of the top airports with cancellations and delays in the tri-state area. 31 flights cancelled coming in, 31 flights cancelled going out, tied with philadelphia. and higher than la guardia. but so far, nationwide,...
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joining us kayla tausche, bob pisani.ft apparently ditching its long-standing employee ranking system, eliminating its practice of evaluating employees on a bell curve in an effort to foster more teamwork and collaboration. when you do it the way they've been doing it, kayla, there's always got to be a loser and always got to be a winner. >> that's right. of course this is probably bad news for those people who are very comfortable being in the middle 68% of that bell curve who knew they did just enough to get by, but good for employee moreral to bump up the system to a modern day approach and reward people when they do a reward. >> talk about teamwork, promoting teamwork, ten people on your team and two you flunk, two say spectacular and the rest mediocre. i'm glad they got rid of it. >> tesla's elon musk making interesting comments to andrew ross sorkin yesterday. let's take a listen. >> if i would have another company in the future, which i would not be any time soon, the -- i think that would be a thing to do, is to d
joining us kayla tausche, bob pisani.ft apparently ditching its long-standing employee ranking system, eliminating its practice of evaluating employees on a bell curve in an effort to foster more teamwork and collaboration. when you do it the way they've been doing it, kayla, there's always got to be a loser and always got to be a winner. >> that's right. of course this is probably bad news for those people who are very comfortable being in the middle 68% of that bell curve who knew they...
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kayla tausche with details on that. >>> for more on the upcoming twitter ipo, mike vorhouse.f you -- hear what kayla said how the public isn't necessarily excited about twitter, should they be? >> well i think she was talking about a group that is not necessarily very experienced in investing in stocks. overall the usage numbers look fantastic. >> so in other words, if we're talking about younger teens it's probably not right group to survey if you want to know if people buy in. what about investing argument in twitter is a company you should own? >> we've seen great results with facebook and linked in and the wrong run remains to be seen. social media is a fact of life. it's no longer optional. it's become a core part of how businesses go to market. >> mike, interesting question, though, whether twitter will have the scale of a facebook, for example, you know, as much as facebook is derided for having your mom or grandma on it that translates into dollars. and will twitter be as successful if it done have that reach? >> twitter's growing, nicely we see, in our data in the un
kayla tausche with details on that. >>> for more on the upcoming twitter ipo, mike vorhouse.f you -- hear what kayla said how the public isn't necessarily excited about twitter, should they be? >> well i think she was talking about a group that is not necessarily very experienced in investing in stocks. overall the usage numbers look fantastic. >> so in other words, if we're talking about younger teens it's probably not right group to survey if you want to know if people...
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let's turn things over to kayla tausc tausche. good morning. >> good morning. futures are higher after stocks faded late in the day on monday, the dow and nasdaq and s&p 500 hit new highs, only the dow managed to close in record territory. the nasdaq did break above the 4,000 mark, a level it hasn't seen in 13 years. we get data on housing permits, home prices and consumer confidence. the dow rising to 1673, nasdaq adding 3 to 3995. the fda lifted restrictions on a diabetes drug as new data show the drug doesn't increase heart risk. that means patients will no longer have to enroll in a special registry to receive the drug. it was one of the top selling drugs before concerns about it being linked to possible heart attacks. the fda imposed restrictions in 2010. a judge will issue his decision on whether detroit is eligible for bankruptcy protection next week. the city filed for chapter 9 in june t the largest municipal bankruptcy in u.s. history. retirees and pension funds have objected saying city officials didn't negotiate in good faith and michigan's constitu
let's turn things over to kayla tausc tausche. good morning. >> good morning. futures are higher after stocks faded late in the day on monday, the dow and nasdaq and s&p 500 hit new highs, only the dow managed to close in record territory. the nasdaq did break above the 4,000 mark, a level it hasn't seen in 13 years. we get data on housing permits, home prices and consumer confidence. the dow rising to 1673, nasdaq adding 3 to 3995. the fda lifted restrictions on a diabetes drug as...
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for now, we'll send it back to you. >> kayla tausche back at hq. house oversight committee set to hold a hearing at the bottom of the hour, that after news that the web site is unlikely to be fixed by the end of the month deadly. . eamon? >> reporter: yes, a tough morning. there had been some question about the chief technology officer would testify. the white house initially said this guy is too busy dealing with the health care.com rollout to go up to capitol hill and testify and do all the preparation required for that. some people had described him as actually sleeping in his office in the roll-out of the healthcare.gov web site, obviously plagued with problems. we have a little of an excerpt for his prepared testimony this morning. he doesn't say enough but he says we have much work still to do but are making progress at a growing rate. kind of a vague description here. "the washington post" reporting this morning they're still having trouble with that web site when more than 20,000 or 30,000 people try to sign on at the same time. we'll have
for now, we'll send it back to you. >> kayla tausche back at hq. house oversight committee set to hold a hearing at the bottom of the hour, that after news that the web site is unlikely to be fixed by the end of the month deadly. . eamon? >> reporter: yes, a tough morning. there had been some question about the chief technology officer would testify. the white house initially said this guy is too busy dealing with the health care.com rollout to go up to capitol hill and testify and...
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i'm david faber with kayla tausche. it's bring your kid to work day on what lab shortened trading day for the markets. the stock market will close at 1:00 p.m., the bond market i believe at 2:00 p.m. we are poised at what would seem a higher open. we're not going to get a lot of hours of trading in. as in for the 10-year note yield, let's take a look and see where we are. there it is. 27.66. and we'll go to the map in europe where i can never figure out the geography. >> you know the boot is italy. >> i know the boot is italy and i can pick up russia. our road map here back in the united states starts with what else, retail. millions of shoppers, yes, millions hitting the stores for black friday. we'll go live to say how sales are going. brian? >> the markets are open today for an abbreviated trading session and we are poised to open at record highs again, which will be about the 40th time this year. i guess you guys could say that here on "squawk on the street." the nasdaq finishing wednesday's session at a 13-year hig
i'm david faber with kayla tausche. it's bring your kid to work day on what lab shortened trading day for the markets. the stock market will close at 1:00 p.m., the bond market i believe at 2:00 p.m. we are poised at what would seem a higher open. we're not going to get a lot of hours of trading in. as in for the 10-year note yield, let's take a look and see where we are. there it is. 27.66. and we'll go to the map in europe where i can never figure out the geography. >> you know the boot...
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Nov 6, 2013
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kayla tausche over at h.q.reporter: a sell-side analyst, has agreed to plead guilty, charged back in july with providing insider information to a portfolio manager at s. oonchts c. capital, richard lee and aggarwal is with a plea agreement with the government. this disclosed in a court filing. a aggarwal is due in court on tuesday. this would bring to our total 76 individuals snared in this ensie insider capital. aggarwal agreeing to pay a $1.2 billion penalty. >> earlier on the program, jim talked about twitter. >> his start to the conference call was "let's get this party start started." here is spencer rascoff, the ceo of zillow. jim cramer clearly precedes you. everybody was worrying about a cooling off of the housing market. you managed to battle through spectacularly. >> we had a great quarter. what's driving is audience separation. advertisers follow audience and zillow is the largest real estate country and in major cities. we're getting bigger and that's driving results. >> 34% of the market now. what
kayla tausche over at h.q.reporter: a sell-side analyst, has agreed to plead guilty, charged back in july with providing insider information to a portfolio manager at s. oonchts c. capital, richard lee and aggarwal is with a plea agreement with the government. this disclosed in a court filing. a aggarwal is due in court on tuesday. this would bring to our total 76 individuals snared in this ensie insider capital. aggarwal agreeing to pay a $1.2 billion penalty. >> earlier on the program,...
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Nov 5, 2013
11/13
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and kayla tausche joins us with more. some of those risk factors. >> it's tough to say, isn't it?e books for wall street close today around noon. and it's expected there's going to be high demand. they raised the price range yesterday. . the big question is whether they'll raise the number of shares. it's oversubscribed. retail investors unable to get in on this one. that's the fear they'll be buying in the aftermarket. analysts are bullish, wall street is buller, there are a lot of risks, 32 pages of them roughly standard for some of these. some of them are pretty grave. for instance, failure to expand internationally. the company has the majority of its users outside the u.s. they may never turn a profit. they said the business model is untested and never achieved profitability. they may never. >> do you think turn a profit is one of the risks? >> it's pretty stark language. competition for advertisers who might choose to go elsewhere. intellectual property continues to be an issue. a lot of people have said you might be able to recreate twitter if you're able to get that i.p. a
and kayla tausche joins us with more. some of those risk factors. >> it's tough to say, isn't it?e books for wall street close today around noon. and it's expected there's going to be high demand. they raised the price range yesterday. . the big question is whether they'll raise the number of shares. it's oversubscribed. retail investors unable to get in on this one. that's the fear they'll be buying in the aftermarket. analysts are bullish, wall street is buller, there are a lot of...
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Nov 29, 2013
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i'm david faber with kayla tausche.ding day for the markets.
i'm david faber with kayla tausche.ding day for the markets.