it's vanity pages, not pinterest. both the monthly average users and the average revenue user grew by roughly 30%. best of both worlds. plus, they barely began to monetize their international business i think it's great over there. tons of room to grow third, pinterest has a valuable value position their users wanted to know, they go there to buy stuff but they don't necessarily know what that something is specifically. that's exactly what advertisers want impressionable minds that are willing to spend money searching for something that they might have finally, it's just a nice place to be. it is. it's sweet when you look at the rest of social media, it's like a toxic waste saying do not read my twitter file i'm a glutton for punishment i've got to stop anyway, you wouldn't believe the level of vitt tree ole when senator elizabeth warren retweeted me saying corporate executives are afraid of her holding the feet to the fire that's warren's whole brand. i can't think of a better campaign ad for warren than me and david

it is true, pinterest is up overall, this week, these stocks are being killed pinterest down 10%, 12%k had a new low, down 10%. lyft at a new low, down 10%. smile direct, remember, they priced above the range $23, 19 to 22. it is $14 now. we are watching peloton, waiting for that to open here. there are some indications i saw earlier on twitter, maybe 25 we have to confirm that, see what's going on. the point is we're in a tough ipo market my biggest indicator, ipo, big performer on the year, up 30% is down notably the last several days, up 23% on the year, lowest level since february what we're seeing is push back on valuations and companies that are not profitable and i think we have governance issues, share class, insider dealings, i think that's having impact with some companies as well. >> hans, let's bring you in as well peloton, big brand, big name, but i've got a problem with it maybe you can help me sort through it it is the cost of customer acquisition. here's a company, churn is low, marketing costs doubling every year, $324 million in the last fiscal year for a half millio

my guest is the palestinian israeli pinterest and conductor. who is also the founder of the galilee chamber orchestra a unique on song based in israel. and this weekend is the 250th anniversary of the birth of the great explorer out it's. we have a special program about him coming up soon on t.w. . we begin today though with a quite unique exhibition in the netherlands one which is understandably causing a lot of controversy a museum in them bosch is looking at design from the 3rd dariush of course the most famous symbol was the swastika originally an ancient asian religious icon used as a symbol of divinity or good luck unfortunately this symbolism was ruined by the nazis while this exhibition shows is how important 3rd reich design was in promoting its evil philosophy. national socialism a murderous ideology a machine of war and a brand the nazi party was keenly aware of its public image and used architecture and design to strengthen its totalitarian state the swastika was the nazis most prominent logo a sim.

my guest is the palestinian israeli pinterest and conductor. who is also the founder of the galilee chamber orchestra unique on sawmill based in israel. and this weekend is the 250th anniversary of the birth of the great explorer out xander form bombards we have a special program about him coming up soon on g.w. . we begin today though with a quite unique exhibition in the netherlands one which is understandably causing a lot of controversy a museum and then bosch is looking at design from the 3rd dariush of course the most famous symbol was the swastika originally an ancient asian religious icon used as a symbol of divinity all good luck unfortunately the symbolism was ruined by the nazis what this exhibition shows is how important 3rd reich design was in promoting its evil philosophy. national socialism a murderous ideology and machine of war and brand the nazi party was keenly aware of its public image and used architecture and often do sewing to strengthen its totalitarian state the swastika was the nazis most prominent logo a symbol of hal

lyft and pinterest. there laboring under a dark cloud.do those companies need to do in this market environment to change the perception that they went public at a difficult time? >> we are very happy with both investments. they are doing very well. lyft is getting tethered to uber and uber problems. lyft is a very good investment. when we look at lyft on an -- a long-term basis. we did not expect it to take off. ofre is a huge market on-demand transportation. transportation as a service is going to be huge. lyft in particular this is why we invested in them is a pure play vocus in north america where the economics are the best. they have a path to profitability. they already said that 2019 is there peak investment year. optician and pricing is getting more rational. i think these guys the last two quarters were very good. we are very happy with lyft and i think pinterest is also a very good story and it will continue to do well. >> thank you for joining us. coming up, a handful of tech ceos step down. more on a dizzying week in tech. this

[laughter] disagree.ctually the smaller companies, certainly may be the pinterests of the world, they have designed their products to be more limited in scope. the reason why facebook gets so much flak, is because facebook is big, and because facebook is so big, it has the resources to investigate internally. when you launch an investigation, you will find something. something, someone leaks it, and eventually, it ends up on the front page of "the new york times." those small companies who are supposed to be doing so great, they probably have something similar going on inside, we don't know because they don't know, because they don't have the resources to look into it. may be pinterest doesn't, because it is not usable in the t, foray, but reddi instance, is a terrible example, because it relies very much on unpaid labor. reddits have their own moderators, but that is unpaid work. is it much more ethical, unpaid labor, then someone making $40,000 a year in arizona who has nine minutes of mental health breaks every day? i am actually not sure. athink -- has anyone look reddit in the le

a blind us to use the tools that we have for example working with social media companies such as pinterest and facebook and instagram to really make sure people have the right facts and are able to make informed decisions. and so now you have this summit the goal there to propel global action against the spread of vaccination misinformation how do you plan to do that. so really by by taking a really inclusive approach to this issue and starting with the consequences of not getting vaccinated this is nothing short of a life threatening. issue for children people tend to be very complacent. o.e.c.d. and western countries about vaccines because they haven't seen a lot of people dying but we know around the world in developing countries people are complacent because they know people that have died so really it's about ensuring that people have the right information and then very practical things so for example last week we announced a partnership with facebook instagram and interests so that when people look up information about vaccines they immediately link into world health organization inf

pinterest was a down round and here have been many down rounds. even cloud the i.p.o. that will night and tomorrow has interest in this range its was right at the last round. so the believe markets have been reconciling the hi valuations. i will highlight the ones that are extremely difficult are the losing companies because we may say they are mature compani work is 10 years old and uber and lyft have been around a while. they are immature companies from the standpoint that from a public market perspective they earn money. there's a lack of maturity of a money.y that do not were >> you could argue that is what i.p.o. market looks like. some do well, some are punished. ok.e do it was very different than the wave of the late 1990's where did great. >> exactly. this is a very good i.p.o. market. it is climbing the wall of worry and it is distinguishing between risk ones and there discovery.rice i think it is positive ins have fors have pushed back on the high valuationless s having been burnt by uber and lyft. ut you look at the overall market there are many i.p.o.'s tha

we're proud that a good number of apps, apps like pinterest, spotify, lyft, and uber have built successful businesses through the app store with support from our team and the developer tools we offer. the app store provides an enormous opportunity for developers to reach millions of users overnight and the vast majority of apps, over 84%, share none of the revenue they make from our store with apple. only a very small number of the nearly 2 billion apps in the app store are made by apple. and in every category where our software competes, we face multiple strong competitors. apple believes users expect that their devices should provide a great experience out of the box. so our products include certain functionality, like email, phone, and a music player, as a baseline. but users have various needs and they are free to discover and use any alternatives they might prefer. for instance, if a customer wants to use icloud, doesn't want to use icloud, they can use box, dropbox, or any number of other options. at the end of the day, our only objective is to provide our customers the very best pro

pinterest ceo and doordash ceo included.rk zuckerberg and tim cook don't appear to have made any direct donations. if you're wondering about president trump, we didn't find any big names for his campaign either. we've still got a long way to go. >> while the paperwork may not have revealed donations from some tech executives for president trump, don't forget that his visit to the bay area today was a fund raiser and is estimated to have netted more than $2 million for his campaign. so it was a lucrative business. >>> new at 6:00, contra costa county is the latest to place a moratorium on justice fees. the moratorium stops collections of past-due court-ordered fees as well as assignments of new fees. criminal justice fees have long been criticized for burdening poor people and minorities, putting them in an unbreakable cycle of poverty. >>> a young company is ramping up its recruitment program with an offer that is sparking a lot of interest. >> michael finney looked into what all the buzz is about. >> you guys know any engin

. >> it would not be the first time if year, pinterest, marketing, all that goes to show we were debutingnd that they may or may not be helpful >> therefore, they believe any challenges related to the deal are unlikely to be the death now or the entire ipo market melissa. >> lesley pickers. >> i agree we work different from a lot of other people that are hitting the market or coming in from the market they're not making money zr never operated in an environment where there is as economic slow down this is some what typical. you have capital funds that are looking to get out of these things and something they have been in for five or ten years. in terms of what what work, you can argue that of bank and because they are out there buying everything. now they're feeling the repercussions. a year from now, we'll see what happens. >> oh, do you think the deal will get scrapped? >> they actually invested $2 billion valuation level ask and their we ahere we are talki $75 billion. >> maybe give us that money so we can get there >> gives them time to see a market looks better in terms of what the r

we're going to be simple, like a pinterest page.why haven't we unpacked all these boxes? >> it's not like there's anything important in them. >> we have to send a message that we're here. we're going to die here, we're getting buried here on property. in fact, i think we should consider digging some burial holes, plots so when people drive by they're like, they're in it for the long haul. >> maybe hold off on that. >> jimmy: that's the essence of the show. but i was watching that today, and i just had this thought. i feel like dax, like a big part of why he wants to do this show is so he can wear overhallalls. he likes to wear yooveralls. >> he dons an overall on a wednesday, a thursday, friday. >> jimmy: it's almost like you wrote this specifically for him to wear overalls. >> he loves it, truly. he has fashion overalls, too, like nipped and tucked in the right spot. he does it right. he's a tall guy, too. which is unusual, an overall on a tall guy. >> jimmy: they're not really flattering, overalls, in general. >> have you dabbled?

leaders of companies including airbnb, th gap, pinterest, lyft and royal caribbean have sent a letterrging expanded background checks and stronger red flag laws. last week walmart announced they were removing certain ammunition and guns from their stores and they changed the open carry policies. kroger, cvs, all changed their policies of displaying guns on their body following walmart's lead. coming up, a new tool used by the nation's law enforcement agencies getting a big thumbs up from americans. how tech is helping to catch the bad guys. and she broke the internet with one photo. now she broke her own website. how kim kardashian's latest controversial clothing brand caused another big stir. you're watching "fbn: a.m." ♪ dress you up in my love. ♪ all over, all over. ♪ gonna dress you up in my love. ♪ all over your body. ♪ t. uh... the mobile app makes it easy to manage your policy, even way out here. your marshmallow's... get digital id cards, emergency roadside service, even file a... whoa. whoa. whoa. whoa. whoa. whoa! oops, that cheeky little thing got away from me. my bad. geic

take a look at some of the recent ipo shots slack down more than 11% zoom pinterest and beyond meat alsothe red. >>> oil prices are just off their best levels of the day bucking that overall turn in other markparts of the market. almost 2.5% upside $62.59 the moves come amidst a power shift in the saudi arabian energy market. he indicated no shift in saudi production policy and a willingness to stick to those agreed upon production cuts and those goals set by opec. geo political tensions in the middle east on the rise. back over to you >>> thank very much. >> reporter: we now have a clearer sense of how tweeping this action will be. 50 attorneys general, 48 states plus the district of columbia and puerto rico are announcing this investigation into google over concerns of antitrust two states are not participating. california along with alabama. the state attorney general said they are acting as one in this they are republican. they are democrat. theydisagree on many issues bu on this one the concern about google's dominance they are acting with a unified voice. they said that so far, the

i looked it up on pinterest. ( laughter ) >> stephen: really?rst step? if you're on the couch, what's the first step? >> get up. >> stephen: get off the couch. >> get up off the couch and then move a little bit. that's the first day. >> stephen: did doing the movie make you want to run a marathon? >> no. ( laughter ) no, i-- i respect people that do. i think they have superhero abilities. >> stephen: sure. >> i think it's amazing. for me, that's not my obsession is learning to get to that point. >> stephen: what is your obsession? >> um, escape rooms. i enjoy an escape room. have you done one? >> stephen: what is the cardiovascular component of an escape room? i have never done one. >> you've never done one? do you know what happens in them? >> stephen: you get locked in a room and you get 45 minutes and you die or something like that. >> you've got 60 minutes. >> stephen: 60 minutes and then what happens? >> they kill you. no, no, someone walks in and goes, "you didn't make it." ( laughter ) but it's-- >> stephen: have you ever not made it out?

today, newbie stocks like uber, lyft, peloton, zoom, pinterest, et cetera, have sparked maniacal excitement crazy valuations but most led to disappointment weeks or sometimes days after their public debuts. before you stay away or sell, hold on. our next guest is a silicon valley pioneer ceo and founder who not only built his startup from the ground, scott mcnealy's software giant sun microsystems ipo'ed in 1986. six years later, it hit $253 so it ipo'ed $21, then hit $253 as its java programming language hit critical mass. his history gives him special vision during today's ipo history and hysteria. scott joins us live from california. scott, it sure seems like we are in this xerox copy of 1998-99. how is now different from back then? >> well, i think the big difference is that the rate of change, everything happens very very quickly, much more quickly, and it's an accelerating rate of change. i always said technology has the shelf life of a banana and you know what, brands now have the shelf life of a banana and corporations can have the shelf life of a banana. i have seen everything go u

and pinterest up nearly 40% from its ipo price. some says investors creating high-margin names differently is a sign of a healthy market guys, back to you. >> d., thanks very much for that bob, what was your take on this sort of turmoil in the ipo market does it hurt the broader listed companies or not >> no, i don't think it hurts the broader listed companies, but i think it's a reflection of what's going on in the market right now, which is in general big risk aversion. we saw the big momentum names down a lot, of which i own a bunch, but their down anywhere from 15 to 20%, similar to last december the question is, will they come back in? 120 ipos have happened this year, half below their listing price, and i think that it's really companies with revenues that have solid outlooks those are the ones performing. and those that aren't are the ones that are getting killed and i think the responsibility there lies with the bankers who really have to be advising these people i do want to mention facebook. if you remember, back in 2012

i use pinterest. they take the lone shot. meantime silicon valley is bidding these names up to the sky, to the moon. then they're telling public, hey you can join the party but there is no party. they're foisting their shares on them. that is what they're cashing out on. that is something not right. >> difference liking a pair of pants for $40 versus $4,000. this is about numbers and valuations. you have to look past the cult-like following like soulcycle. charles: right. >> this doesn't float. charles: telling me to wrap. all those ipos, any negative impact for the overall stock market? so many of them are down from the first dade of trading? >> certainly never positive when people lose money. in this case the smart money is invest tores today, not private equity who are seeing stocks trade below the last funding round. charles: a lot of people not taking the bait. you're right, they learned. bet most learned the hard way. you two are the best. thank you very much. >>> tesla back in the news this after an electric police car

if you look at companies like zoom, pinterest, they have a great business model and hit the public market with the right degree of discipline, you will get rewarded for that. when investors are not sure is your business model going to work it can work over time. total believer in that phrase about in the long run it is a weigh in machine. the key is throughout it staying true to your strategy, knowing where your growth is coming from. it's what we think about a lot with next door, making sure we are always on point and you need to think about your people in all of this. yes, there are investors, but employees are also shareholders. you need to be careful about what that mark is and where it goes from there because employees are a big part of the equation. >> the performance says you better have a path to profitability that's well defined for investors? >> absolutely. there is a lot of value creation going on in the private markets. you look at bite dance, an incredible private company in china, one of the three leading internet platforms. it's gone from $10 billion valueuation to 80 billi

i really just, maybe pinterest doesn't, because interest it's just not usable in the same way. because it's afford incentives are so limited. reddit, for instance, is a terrible example. they might not have the 30,000 contractors, but it relies on unpaid labor, all of the sub credits our their own little fief them, with their own set of moderators. although those people are happy to be doing that work, that is unpaid work. is that unpaid labor really that much more ethical, than someone making less than 40,000 dollars a year in arizona, who has nine-minute mental health breaks every day? i am actually not sure. i think, given, did anyone look at read it leading up to the 2016 election? it was not a good place. it was not in his place. it has not been for many, many years. it was ground zero for the leaking of celebrity news. it has been a place, that has really encouraged what can loosely be called cyberbullying, on a scale that is really quite terrible. i think, this problem extends everywhere. i think facebook gets the most flak because it is the biggest -- maybe that's fair,

from the from the social media company so we've just announced partnerships in the last week with pinterest facebook instagram where they're really looking at their them so that when people search up vaccines that they get they are automatically taken 1st. and foremost to evidence based sites with a scientific information the web site center for disease control in the u.s. for example but beyond that they're also looking into really. how some of these groups have used information and data tracking systems to try and get information to the right. demographic groups so they really want to avoid people getting slanted information biased information so they can make a true well informed choice so we'll be working with them. to make sure that people get access to a full range of views and importantly they can distinguish what's really evidence and science and fact from opinion. on the internet we see that not just in relationship to vaccines but it's increasingly hard for people to distinguish what's a fact what science was just someone's opinion. of the world health organization and brussels go

they don't need further dilution >> you have had holdings in uber, lyft, pinterest and slack. >> pinterestk of private valuations versus public valuations transparency in the market has demonstrated to the degree you think the public market is a better, better way to value things, that there is actually something wrong in the private markets. and i think this is especially important because actually now there are public investors, meaning blackstone, black rock, t. row price, public investors in the private vehicles. >> sure. more supply of capital drives up prices so we've seen valuations get done in private companies that we hadn't seen before, you know, five or ten years ago. so i think there is an adjustment i think what's happening really is that the ipos are happening in the private market. that's where ipos are actually happening. there are just a select group of investors that are doing them and then the public ipo is a separate event you know, i think the public markets -- public market investors are good arbiters of value. that has ho told up over time. that comes down in the fun

the highest flyers, zoom, and beyond meat and pinterest lowering uber are down 28 and 36% respectivelyle those who saw their ipo prices skyrocket have been seeing pressure. zoom reporting their slack did not live up to its lofty multiple this week when it roared dipping below its listing price thisseck would pinterest down 10% since the weekend. even with these recent dips they made significant gains since their ipos, the question is, has anything fundamental changed will the short trend continue? it will could tell us the outperformers have become too pricey and arcer barkons like uber and lyft possibly don't move the needle investors are still looking for paths to profitability. >>> i want to talk about more of this year's hottest ipos uber's stock down 27%. lyft down 35%. slack is up about 16%, and zoom and crowd strike are up big. they are both more than 130% those final two companies just reporting second quarter results. crowd strike raising its full year outlook, beating top and bottom lines shares under pressure after investors expressing concern about elevated valuation talk a

pinterest was a winner. red arrows for business software maker slack, down $15 bucks, 41% since the ipo. green arrows for zoom video. that went up, what, 28%. got that. all right. scott, are we overvaluing some of these ipos? >> i think clearly we are. and the ones that are overvalued are painful. i think that's the weird one about peloton. i would throw beyond meat in there, too, which obviously went beyond expectations and rocketed up a few hundred percent. but peloton is a weird one because they call themselves a fitness company but also a technology company, a media company. it feels a little if i dare say, wework-y to me. it makes me concerned about valuations here and what the company is really all about. that's why it's going to be trading too high today, i think. stuart: careful, scott, comparing peloton to wework. it's a dangerous game. >> i know. i know. susan: look, valuations, even at $29 which is the high end of the price range, you are only at eight times trailing sales. compare that to so let'

you know the story about lyft and uber and pinterest, all of those down in the past week, so they settreasurers environment for an ipo to be offered, and that may explain why you are seeing endeavor, wework, polls. the early -- pulled. tiger global anticipated they billion dollars profit from the launch. there are many investment banks that are also looking to thee-off -- we are seeing first investment bank write-off its anticipated revenue from the w peloton -- from the wework ipo. paul: thanks very much for that. another high-profile start facing ipo headaches is a worse wework. a $6 billion financing package started to unravel after the initial offering was scrapped. the s&p global ratings has cut its outlook to negative. started to reporter allen joins us now from san francisco. what is the latest chapter in the wework saga? >> we are looking to see how wework is going to make it work through the rest of this year without the cash it expected to get from the ipo that has now been delayed. companyd about the which had a credit facility lined up at they would get access to if they h

. >> all right, al, let's get a check of the weather >> i'm trying to figure out pinterest. >> i never at record highs in the pacific northwest look for sunshine through the southwest. heavy rain down through texas, part of a tropical system there called ferdinand that is going into mexico. of course, dorian will be pummelling the southeast severe storms making their way through the northeast. there may be airport d >>> good morning, i'm meteorologist kari hall. a live look outside in san francisco as the skies clear. we do still have some fog rolling across the bay and the golden gate bridge. our temperatures there stay on the cooler side with some breezy winds, but you make your way inland, we do have some 90s in the forecast again today with ukiah reaching up to 93 degrees. our 7-day forecast shows that humidity will be dropping after today, temperatures go down slightly and it looks like saturday will be our best day in the forecast with some of our inland valleys in the lower 80s. >> hey. >> the only one who hasn't been able to welcome hoda back in person >> in the flesh. >> love

we see some of the other names pinterest, they went public in april.new low for slack and smile direct, that's not aty p typo 20% down we're in a process of evaluating the ipos and how much you want to push back on the valuations and that's infecting the ipo market we're waiting for endeavor group. they will be pricing tonight this is the old william morris i haven't seen any changes in their s.e.c. filings 30 to 32 haven't seen the price talks in the s.e.c. filings that matters right now we'll keep an eye on that and let you know if anything happens. >>> let's get to the pits, as well rick santelli is at the cme group in chicago >> good morning. the data was fascinating no surprise on gdp some of the numbers moved a bit. for all practical purposes, as expected, some inventory builds. but if you look at a chart of the market, what's fascinating on the interday of tens, is the minute we tawalked in and opened the futures market from that bell, it started to drip away. it didn't pay much attention to the data that was as much exp t expected you look at t

well, pinterest is another company.es that kind of got hammered on some quarters and are coming back i agree with him that we should not necessarily measure any company on a quarter but david, if they don't do well in the next quarter, then it does matter. i know a lot of ceos say they don't look at stock. nakesh looks at stock, by the way. i know that buffett says voting machine. andy grove said you as a ceo have to deliver on a quarter that's a sign in three months you should be able to make progress andy grove, who wrote a book, "only the paranoid survive," along with sh"shoe dog," the gra business book. >> i've read "shoedog. >> what do they borrow they're borrowing at german rates, right snmp >> you have to pay apple to take your money >> you know what that tells me they're going to buy all the stock. but the analysts think that apple is going to have a bad quarter. i'm starting to think more about 5g analysts keep waiting for the boycott of apple that hasn't happened i'm talking about china. >> looking at the perf

a lot of people feel like they have to have those pinterest perfect holidays or join every school communityr kids. >> a lot of good advice. thanks very much. >>> you can see more on "nightline." we'll be right back. see more on "nightline." we'll be right back. >>> good morning. happy friday to you. i'm reggie reggie aqui. here's a look at the day ahead. here's a look at the traffic ahead. >> we'll go to traffic first. here's a look at the bay bridge toll plaza. backed up. oakland an injury crash on westbound 580 has traffic jammed. it's backed up to san leandro. northbound 880 is a better option. northbound 880 is slow in an jose approaching 280 because of an earlier car fire. that stretch isn't great. unfortunately, we're not seeing unfortunately, we're not seeing friday light it's on. the ross fall fashion event has all the looks for way less... ...so your new outfit... whoa! ...can just keep getting better. yes! oh, yeah, you're getting that. or you can find that one dress... - yes! - yesss. ...that's perfect for you... ...or that jacket that says, "check me out," at a price that makes

zoom video, crowdstrike, pinterest up 42%.t the same time we had a lot of losers and they include lyft and uber which everyone got so excited about, smile direct and spotify as well. so it is interesting to see that, you know, there is appetite out there for new issues. there is appetite for something different. at the same time, investors aren't stupid. they have been looking at these companies saying if you're not profitable it is tough to pay up for them. so we'll see if peloton ends the first day on winners or losers lift, neil. neil: you've used these bikes? >> i have not used peloton. i have friends who own them. but i have a spin bike in my apartment. i use it the old-fashioned way. neil: i hear you. what i din like the peloton bikes no place to hold a sub sandwich and a beer. >> how dare they. neil: how dare they is right. thank you for that, jack did jae deangelis. greed is a funny thing. financial backers and supporters are saying push it, push it, sometimes if you underpromise and overdeliver you will be richly rewa

there are companies the that are -- many companies, including pinterest, other large companies have been their last round which will be the case of wework. so this is just the resolution and it's kind of interesting. it's upside down. we haven't really seen this before. typically, you'd see a premium over a private valuation but it looks like the public market's a little more discerning than the private market at this point. we'll see how all that works out. >> finally the public wins? >> we hope so. we're on the buyside. we think that should happen without returns. there will be a boycott in the market for ipos. there has to be attractive prices. investors have to make money. maria: it's great to have your insights this morning. kathleen smith joining us. coming up, we're remembering september 11th. of i'll speak with condoleezza rice next about that day 18 years ago and today's foreign policy. back in a minute. ♪ you know, baker, i can help you with -- with that. oh, no, it's fine. thanks, though. a man should cut his own lawn. [ lawnmower engine rattling ] [ engine starts ] [ lawnmowe

the new york times reports leaders of companies that include airbnb, the gap, pinterest, lyft, the brookfielda letter to the senate urging expanded background checks and stronger red flag laws. walmart you may remember announced last week it was removing certain ammunition and guns from its stores and they changed the open cry policy as well. kroger, cvs, walgreens and wegmans also changed their policy following the lead of walmart. tesla's ceo elon musk channeling his inner baseball fan. >> my brains are going into my feet. cheryl cheryl: musk said the company's prototype model s with its new powertrain, calle called plaid o faster than the speeds the company's cars can currently hit. musk said it made the speed in 96 seconds. maria: quick break and then the tariffs and the consumer, how much are americans feeling the tariffs, we're going to take a look when we come back. we're waiting on the european central bank this morning, the announcement on interest rates coming in 30 minutes. stay with us for that, march he get impact news. ♪ that -- market impact news. ♪ that don't impress me much.

so is pinterest and so is beyond meat. of entrepreneurial companies that came out maybe as ipos. what we look at, we have overlays to our models. we don't get into ipos for variety of reasons. secondarily we like to look at entrepreneurial companies that exhibit good behave are i don't remember. now the last few weeks we've seen a lot of examples of companies where there has been, you know, behavior, particularly in wework, that may have appeared to be self-dealing. when you look at situations when you've got an entrepreneur who also has control, right? they have high ownership, high control, they have a very tight team, we need to make sure is this entrepreneur good? when the entrepreneur is good. there is nothing better for the shareholders. jeff bezos, exhibit a. bill gates, exhibit b. when you look at sam walton. these are good entrepreneurs. they lead the organization. they have got integrity. we've seen last few months rush to ipo, interest rates are low, a lot of people think the game is about to end. in the case of