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snap inc. they rang the opening bell at the new york stock exchange this morning and already stocks are soaring. the company is now valued at a whopping $22 billion and for one bay area school, that could mean a huge payout. here's kpix 5's kiet do. >> reporter: yeah. it is the middle of the schoolday here at st. francis high school in mountain view and right now, administrators are holding a private meeting sharing the details and good news with staff and faculty that on paper at least they have just made millions of dollars. just like anyone who comes into allotted of money questions are swirling about what happens next. snapchat is having a spectacular ipo so far opening at $17 soaring to $24 a share. snap inc. is currently valued at $33 billion which puts it on par with target and the marriott hotel chain. the story with st. francis hooligan five years ago back in 2012. a parent at the school by the name of barry eggers convinced the school's investment fund to get in early. who is this par
snap inc. they rang the opening bell at the new york stock exchange this morning and already stocks are soaring. the company is now valued at a whopping $22 billion and for one bay area school, that could mean a huge payout. here's kpix 5's kiet do. >> reporter: yeah. it is the middle of the schoolday here at st. francis high school in mountain view and right now, administrators are holding a private meeting sharing the details and good news with staff and faculty that on paper at least...
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traders are getting excited about the snap, inc. inpoe. price above the band. $17 a share. look, the dow is up 311. scott shellady, as a tder, they're running right now, what do you think is happening in the psychology of investors and what should be happening as the president gave that speech? >> as a trader you will not try to do market timing. you will do dollar-cost averaging like you spoke of. remind yourself, if you would buy all-time high every year going back to 1929, you would be a very wealthy person right now. you have to relax, not get too overly excited. but at the same time you need fresh money coming into the market when you get the opportunity. but offer the, next 10, five, 10 years, obviously the market will most likely be higher as warren buffett would say. we don't quite know over the next six months but you will have to be smart about that money. make sure you have powder that is dry. continue to invest for the long term, not the short term. liz: we have 30 seconds left. you can start hearing the cheering. tim, i have f
traders are getting excited about the snap, inc. inpoe. price above the band. $17 a share. look, the dow is up 311. scott shellady, as a tder, they're running right now, what do you think is happening in the psychology of investors and what should be happening as the president gave that speech? >> as a trader you will not try to do market timing. you will do dollar-cost averaging like you spoke of. remind yourself, if you would buy all-time high every year going back to 1929, you would be...
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Mar 4, 2017
03/17
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KQED
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snap inc and sort of build them up, make them seem almost myth logical. make them seem larger-than-life. and we like to build them up, build them up. i think part of the reason that the uber story has gone, as viral as you said is because it has what, a $70 billion valuation. it's a private company. it doesn't-- i mean i would argue and we sort of had this discussion when "vanity fair" last year when we were talking about the new establishment list and everyone was saying how great travis is, we have to put them at number one. this is a taxi company. we're valuing a taxi company, $70 billion. >> it is something we all use. >> but even if we all use it, it is still just a tacki company. everyone says it is so much more than a taxi company. you don't understand it is the way we'll have everything delivered, our whole lives, it will be the jetsons. i think we have priced for the jetsons. and i think that once you begin to say travis is just like a regular guy, puts his pants on one leg at a time. it is kind of just like a taxi company. there he is in the bac
snap inc and sort of build them up, make them seem almost myth logical. make them seem larger-than-life. and we like to build them up, build them up. i think part of the reason that the uber story has gone, as viral as you said is because it has what, a $70 billion valuation. it's a private company. it doesn't-- i mean i would argue and we sort of had this discussion when "vanity fair" last year when we were talking about the new establishment list and everyone was saying how great...
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Mar 2, 2017
03/17
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CNBC
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snap inc. is going public at a nearly $24 billion valuation.ompany will raise $3.4 billion in the ipo. shares priced last night at $17 per share, above the range that the company projected last month of $14 to $16 a share but pretty much in line with the pricing reported recently. snap will be the biggest tech ipo since alibaba group in 2014. to put that in context, facebook was far more mature when it went public at a $104 billion evaluation. twitter was $14.5 billion. facebook's ipo is marked by the nasdaq technical errors and a huge spike in the stock. snap wants to avoid volatility. to minimize near-term selling, the company says it will sell about a quarter of today's offering to a consortium of existing investors who grier to a one-year lock up period. so far analysts reports have been mixed. on the plus side, snap's remarkable usage and engagement numbers with the hard to reach 13 to 24-year-old demographic. possible negatives include competition from facebook and instagram and the ability to copy snap's most popular features. the pressu
snap inc. is going public at a nearly $24 billion valuation.ompany will raise $3.4 billion in the ipo. shares priced last night at $17 per share, above the range that the company projected last month of $14 to $16 a share but pretty much in line with the pricing reported recently. snap will be the biggest tech ipo since alibaba group in 2014. to put that in context, facebook was far more mature when it went public at a $104 billion evaluation. twitter was $14.5 billion. facebook's ipo is marked...
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Mar 3, 2017
03/17
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that makes snap inc. ree times larger than twitter and puts it billions of dollars ahead of companies like united continental, hilton, viacom, hershey and ferrari. snap lost money every year since it began commercial operations in 2011 and warned that it may never earn a profit. >> i don't know which -- why we picked out those companies, it's amazing it's bigger than all of them. clearly bigger than lots of companies, but extraordinary. 33 billion. december end make a profit. as i said earlier, coincidental, but banks were down in the market, but this is great news for investment banks. there's such a pent up lack of equity capital market action. this was the best test. it went well. absolutely not out of the woods yet. they have to see how snap itself performs, but investment banks are out of the woods. day one went well, it rose on day one. i imagine we'll see a wave more of ipos coming to market. >> i'm curious to see what the first quarterly results will bring. daily active users will be more critical.
that makes snap inc. ree times larger than twitter and puts it billions of dollars ahead of companies like united continental, hilton, viacom, hershey and ferrari. snap lost money every year since it began commercial operations in 2011 and warned that it may never earn a profit. >> i don't know which -- why we picked out those companies, it's amazing it's bigger than all of them. clearly bigger than lots of companies, but extraordinary. 33 billion. december end make a profit. as i said...
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Mar 2, 2017
03/17
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snapchat and snap inc, how do those valuations compare to twitter? manus: you are looking at a shot of the emperor's palace. it is a misty, wet day there and 3:30 in the afternoon in tokyo. the dollar is marching higher and the yen lower, the fourth day in a row of the decline in the yen. we have not seen that since november 10. you are going to say something about the weather now, aren't you? anna: no. now, a new addition of daybreak is available on your bloomberg and mobile. that was a good stat on the dollar-yen. markets on fire. the dollar extending gains and asian stocks joining the global reflation rally after the dow" he 1000. the yen and aussi declined against the greenback, while the pound held below 1.23. manus: if you believe in global growth, you go with those. the next areas about brexit's speedbump. theresa may suffered her first parliamentary defeat on a draft after the house of lords rebuffed the order to leave it intact. chamberthe unelected challenging the elected chamber's view. anna: how much appetite will either of the chambers h
snapchat and snap inc, how do those valuations compare to twitter? manus: you are looking at a shot of the emperor's palace. it is a misty, wet day there and 3:30 in the afternoon in tokyo. the dollar is marching higher and the yen lower, the fourth day in a row of the decline in the yen. we have not seen that since november 10. you are going to say something about the weather now, aren't you? anna: no. now, a new addition of daybreak is available on your bloomberg and mobile. that was a good...
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Mar 3, 2017
03/17
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off toa off to a snappy start — social media company snap inc surges on the sharemarket debut.the chinese super league prepares to kickoff, we explain why it has become football's latest financial superpower. welcome to asia business report. many of you would have heard of it, snapchat, an app popular among teenagers and well known for the quirky video features as well. now it is the tech listing of the year. shares of the company behind the app went 44% up when they listed, in the largest share sale from a tech company since china's alibaba three years ago. earlier, i spoke with dave lee. it has gone very well. they could have sold the shares several times over if they wa nted shares several times over if they wanted to. they began the day at $17. it was above what many thought the price would be. in the course of the price would be. in the course of the day it rose to $26.05. at the close of market, it is $211.48. so, very impressive for snap. we have seen this before. we have seen technology companies have this blistering debut. sometimes it lives up blistering debut. someti
off toa off to a snappy start — social media company snap inc surges on the sharemarket debut.the chinese super league prepares to kickoff, we explain why it has become football's latest financial superpower. welcome to asia business report. many of you would have heard of it, snapchat, an app popular among teenagers and well known for the quirky video features as well. now it is the tech listing of the year. shares of the company behind the app went 44% up when they listed, in the largest...
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Mar 2, 2017
03/17
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if it can, snap inc risks becoming just another overhyped tech company which grew too big too fast.output has surged 33% in january korea‘s industrial output has surged 33% injanuary compared to the previous month. the figure outpaced a nalyst previous month. the figure outpaced analyst expectations, it is the fastest growth since september 2000 nine. service sector output also rose 0.5% which is a slight improvement over december‘s figures. mcdonald‘s has outlined a plan for winning back customers. the burger chain has lost around 500,000 customer visited the us since 2012. of those visits have gone to other fast food restaurants. the world‘s largest restaurant chain plans new look restaurants and delivery services, as well as more aggressive marketing for items like coffee and pastries. 0ver marketing for items like coffee and pastries. over in indonesia, wealthy households are well—known for spending money on all sorts of luxurious things in life, like fashion beauty. well, the spa business is also flourishing, but they are notjust business is also flourishing, but they are not j
if it can, snap inc risks becoming just another overhyped tech company which grew too big too fast.output has surged 33% in january korea‘s industrial output has surged 33% injanuary compared to the previous month. the figure outpaced a nalyst previous month. the figure outpaced analyst expectations, it is the fastest growth since september 2000 nine. service sector output also rose 0.5% which is a slight improvement over december‘s figures. mcdonald‘s has outlined a plan for winning back...
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of course we want to get to snap inc.aking wall street debut today raising $3.4 billion in the ipo pricing shares at 17 million a piece, values the parent about $24 billion. the ipo oversubscribed by more than ten times. they could have taken this to 19 but they want to have some longer term investors. >> give you quick stats if i can up to the minute. >> i'll stat you back. >> 12 times oversubscribed is the latest color. top 25 accounts got 70% of the stock. i've talked to a number of managers this morning that put in for large allocation, as little as 2% of what they asked for. so that is lining up, jim, to be a fairly high demand situation where you could expect the stock is going to react quite positively from the price moving high sgl high. >> they laughed not unlike what john travolta laughed at carrie -- there was a stephen king book by the way. facebook at 19 times earnings when it came public -- 19 times sales, excuse me. this is going to be at 24 times sales. just keep that in mind. much higher valued than faceb
of course we want to get to snap inc.aking wall street debut today raising $3.4 billion in the ipo pricing shares at 17 million a piece, values the parent about $24 billion. the ipo oversubscribed by more than ten times. they could have taken this to 19 but they want to have some longer term investors. >> give you quick stats if i can up to the minute. >> i'll stat you back. >> 12 times oversubscribed is the latest color. top 25 accounts got 70% of the stock. i've talked to a...
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03/17
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a look at snap inc.'s second day of trading. snap shears bringing the stock 60% from its listing price of $17. but analysts are raise go concerns about the sky high valuation. a price target of $22 at year end raising concerns about facebook copying some of its features. other analysts have more cautious near term targets. recommending they reduce their ownership stakes while pivotal has a sell rating and a $10 price target. to put snap's $37.6 billion market cap in context, it is more than three times twitter's market cap and roughly the same as target and marriott's valuations. though still just a fraction of facebook's which is nearly $400 billion. but media companies do see huge value in snap's hold on millennials. those 20 and under spend 30 minutes per day use go snap chat. they invested 500 million in the ipo at this time only u.s. company with a stake. innocence universal chief steve burk saying this is a significant milestone and it's a growing partnership with snap pointing to the discovery. saying through the rio games
a look at snap inc.'s second day of trading. snap shears bringing the stock 60% from its listing price of $17. but analysts are raise go concerns about the sky high valuation. a price target of $22 at year end raising concerns about facebook copying some of its features. other analysts have more cautious near term targets. recommending they reduce their ownership stakes while pivotal has a sell rating and a $10 price target. to put snap's $37.6 billion market cap in context, it is more than...
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Mar 3, 2017
03/17
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shares of snap inc.pened at $24 thursday morning, pricing its initial public offering above the range. the company behind the disappearing photo app went public and evaluation twice as expensive as facebook in 2012. uber, another darling of the tech sector, has suffered from a string of recent scandals, the latest involving a video of c.e.o. travis kalanick the rating a driver. we have been here before. a decade ago, wall street was riding high and producing gosling blooms and scandals. how do we make sense of what is going on in the tech world? is the tech bubble about to burst? joining me is max chafkin who has been covering uber. richard edelman and william toan, especially jupiter "vanity fair" and author of "why wall street matters." max, i would like to start with you. one of the things that put uber in the spotlight is this extraordinarily video of released of travis in a cap arguing with an uber driver. this comes on top of the scandal when a female employee wrote a blog saying it is a sexist pla
shares of snap inc.pened at $24 thursday morning, pricing its initial public offering above the range. the company behind the disappearing photo app went public and evaluation twice as expensive as facebook in 2012. uber, another darling of the tech sector, has suffered from a string of recent scandals, the latest involving a video of c.e.o. travis kalanick the rating a driver. we have been here before. a decade ago, wall street was riding high and producing gosling blooms and scandals. how do...
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Mar 2, 2017
03/17
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snap inc, the popular messeninging app snapchat.al public offering at valued at $17 a share. that's higher than expected. the company is valued at $24 billion. this is the most anticipated technology ipo since twitter back in 2013. the federal communications commission gave internet providers the go ahead to sell your personal informatio the ruling overturns a rule passed in october that requires users explicit permission before their private data could be sold. the fcc says the privacy rules puts an unfair burden on internet service providers not shared by web sites and social media networks. zwriench >>> well, those two security braec breaches atta hue cost the ceo her bonus. her management team was found to be reacting too slowly. the two breaches exposed the personal information of more than one billion users and cost the company about $350 million. >>> mcdonald's plans to launch a new app allowing diners to place orders for pickup. customers could place an order on the app and then read a keyed to the drive-thru cashier. the mo
snap inc, the popular messeninging app snapchat.al public offering at valued at $17 a share. that's higher than expected. the company is valued at $24 billion. this is the most anticipated technology ipo since twitter back in 2013. the federal communications commission gave internet providers the go ahead to sell your personal informatio the ruling overturns a rule passed in october that requires users explicit permission before their private data could be sold. the fcc says the privacy rules...
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shares of snap inc dropped 12% yesterday. they're now trading under $24, the first day opening price. invest remembers concerned about snap's user growth, which slowed down when instagram launched its similar story feature. facebook trying to fight fake news stories, launched new disputed future, if enough support a story as untrue, it is run through fact checking sites likeness. com. new feature, helped spread mis-information during the 2016 election. >> and i hope, 12th annual national pancake day, that means free short stacks from 7:00 a.m. to 7:00 p.m. at participating locations, customers will make donations to children's miracle network hospital, leukemia, lymphoma society, and shriners hospital for children. jim, rahel? >> those pancakes really look good. >> our show ends at 7:00. so you know where we will be. >> see you there! >> thank you, jill. check in with you tomorrow. >> we will rebuild, that's the message. president of aquatic fitness center following this massive four alarm blaze. over the facility on grant ave
shares of snap inc dropped 12% yesterday. they're now trading under $24, the first day opening price. invest remembers concerned about snap's user growth, which slowed down when instagram launched its similar story feature. facebook trying to fight fake news stories, launched new disputed future, if enough support a story as untrue, it is run through fact checking sites likeness. com. new feature, helped spread mis-information during the 2016 election. >> and i hope, 12th annual national...
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Mar 3, 2017
03/17
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shares in snap inc soared to more than 25 dollars from the opening price of seventeen dollars.million users worldwide, our correspondent dave lee says growing further will be a challenge for snapchat. us first lady melania trump has visited a new york city hospital to read to sick children for world book day. she brought a copy of oh, the places you'll go! by dr seuss, which she said was one of her favourite books. the first lady said ‘i came to encourage you to read, and to think about what you want to achieve in life'. this weekend, china will open its annual parliamentary session — the national people's congress. as usual the weeks leading up to the congress have been marked by a nationwide effort to stop some of the most marginalised members of society from reaching beijing. our correspondentjohn sudworth has had first—hand experience of the tactics deployed against them. there are some violent images in this report. give us the camera. our interview is not going to plan. we are stopped from meeting the family we've come to see. this woman and her sister claim their father
shares in snap inc soared to more than 25 dollars from the opening price of seventeen dollars.million users worldwide, our correspondent dave lee says growing further will be a challenge for snapchat. us first lady melania trump has visited a new york city hospital to read to sick children for world book day. she brought a copy of oh, the places you'll go! by dr seuss, which she said was one of her favourite books. the first lady said ‘i came to encourage you to read, and to think about what...
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>> yes, shares of snap chat parent company snap inc dropped 12% monday to 23.77, actually below its first day opening price. investors have always questioned whether snap was like a facebook or like twitter, concerned the company saw user growth slow down when instagram launched its stories feature, very sim floor snap chat. jim, rahel. >> so jill i'm curious, netflix wants view tears choose than own ends to go tv shows? >> yes, the streaming service planning a trial of new technology. it lets viewers make choices during the show. this is according to britain's daily mail. it isn't clear if this new technology would apply just to new shows or existing ones, and they're going to start with children's programs. >> oh? >> but definately an interesting way to watch it. >> v. >> okay. >> jim, rahel? >> all of mine would have happy endings, fairytale winds action. >> change some of the old favorites. thank you, jim, we'll check in with you in the next hour. seems like every day is a special day, but today is national pancake day. >> very, very special, at i hop. you can have your pancakes and h
>> yes, shares of snap chat parent company snap inc dropped 12% monday to 23.77, actually below its first day opening price. investors have always questioned whether snap was like a facebook or like twitter, concerned the company saw user growth slow down when instagram launched its stories feature, very sim floor snap chat. jim, rahel. >> so jill i'm curious, netflix wants view tears choose than own ends to go tv shows? >> yes, the streaming service planning a trial of new...
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Mar 7, 2017
03/17
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shares of snap inc. dropped 12% on monday to under $24. that's below its first day opening price. some investors are concerned about user growth which slowed down when instagram launched its similar stories feature. >>> automakers are racing to develop self-driving cars but most americans aren't ready. in a new survey from aaa only 10% of u.s. drivers say they would feel safer sharing the roads with driverless vehicles although most drivers 59% say they want autonomous vehicle technology in their next car. >>> and ihop is holding its 12th annual pancake day, free short stacks from 7 a.m. to 7 p.m. at participating donations. they hope customers will donate to charities for children. that's your in moneywatch report. following me on twitter at #jillwagnercbs. i'll jill wagner at the new york stock exchange. >> it's also national cereal day. i brought cereal for everybody. so -- >> nice. >> where is it? >> i know. er in going to bring it up. i just talked to our assignment manager. she is going to bring it up. there will be a buffet of all sorts of cold cereals. >> we love you. >> t
shares of snap inc. dropped 12% on monday to under $24. that's below its first day opening price. some investors are concerned about user growth which slowed down when instagram launched its similar stories feature. >>> automakers are racing to develop self-driving cars but most americans aren't ready. in a new survey from aaa only 10% of u.s. drivers say they would feel safer sharing the roads with driverless vehicles although most drivers 59% say they want autonomous vehicle...
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Mar 17, 2017
03/17
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. >>> snap inc. shares tumbled below $20 today for the first time since the company's ipo. shares closed at just under $20 and down 4% after the company received another sell rating from an analyst. snap warned it may never be profitable. the stock remains up 17% from its $17 ipo on march 1st. >>> youtube is investing in competitive gaming. the video signed a multiyear deal with esports platform faceit. some believe esports is the next big thing in live event and could draw millions of viewers online. revenue from esports is expected to surge 41% this year to almost $700 million. >> 41% increase, that's significant. >> yes. >>> now to an easy way to stay healthy, looking at food that can heal. >> i like that. 7 on your side's michael finney is here with more. >> this is an interesting one. we all know how important it is to eat healthy and preventing chronic conditions like diabetes and heart disease. certain foods can have a more immediate benefit in helping other everyday ailments. consumer reports has some suggestions for what to eat and when. when grace was pregnant with
. >>> snap inc. shares tumbled below $20 today for the first time since the company's ipo. shares closed at just under $20 and down 4% after the company received another sell rating from an analyst. snap warned it may never be profitable. the stock remains up 17% from its $17 ipo on march 1st. >>> youtube is investing in competitive gaming. the video signed a multiyear deal with esports platform faceit. some believe esports is the next big thing in live event and could draw...
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snap inc. told -- sold 200 million shares at 70's dollars each -- $17 each. ock will start trading today on the new york stock exchange under the ticker snap. have.k. government suffered its first parliamentary defeat on the draft brexit law with the house of lords rejecting a plea to leave the bill intact. the upper house voted for an amendment that protects the right of e.u. nationals to remain in britain when the country leaves the bloc. theresa may wants speedier approval to the bill. french presidential hopeful emmanuel macron is due to set out his manifesto within the next half hour after the centrist front-runner was egged in paris yesterday. the 39-year-old has been gaining on marine le pen in polls of first-round voting with a survey published yesterday putting the gap between them at just one point. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i'm nejra cehic. this is bloomberg. francine: thank you so much. we're getting some data out of the u.k. this is the u.k. construction for the month
snap inc. told -- sold 200 million shares at 70's dollars each -- $17 each. ock will start trading today on the new york stock exchange under the ticker snap. have.k. government suffered its first parliamentary defeat on the draft brexit law with the house of lords rejecting a plea to leave the bill intact. the upper house voted for an amendment that protects the right of e.u. nationals to remain in britain when the country leaves the bloc. theresa may wants speedier approval to the bill....
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snap, inc., the parent company of snapchat, getting more than 50% in its stock market debut.e stock price jumping from are $17 per share, and closing at $24.48. the company ceo, evan dropped out of college, seen with his girlfriend, miranda kerr, and life is good for him these days. >>> and the story behind the friendship. george w. bush explaining his fondness for michelle obama. and the opening of the african-american museum that went viral. the president saying, quote, we took to each other, adding, she appreciates my sense of humor. >>> when we come back, america strong and the ups delivery no one was expecting. it left everybody, including the person it was for, speechless. ups delivery no one was expecting. it left everybody, including the person it was for, speechless. i use what's already inside me to reach my goals. so i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating what's within me with once-weekly trulicity. trulicity is not insulin. it helps activate my body to do what it's supposed to do release its own insulin. trulicit
snap, inc., the parent company of snapchat, getting more than 50% in its stock market debut.e stock price jumping from are $17 per share, and closing at $24.48. the company ceo, evan dropped out of college, seen with his girlfriend, miranda kerr, and life is good for him these days. >>> and the story behind the friendship. george w. bush explaining his fondness for michelle obama. and the opening of the african-american museum that went viral. the president saying, quote, we took to...
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a parent company recommended snap inc. in 2012. investment is now worth, get this, $23 million. >> wow. >> the school called it a blessing. >> i'm not so sure that we call it divine intervention, but i'll tell you what. if you can turn $15,000 in into the best amount of money that this return will bring, then you have to say god's looking out for us. >> most of the money will go to the school's financial aid program. i hope they name the new gym after that parent. >> know. right? >> i wish i would have bought pictures shared on snapchat are not prodders, shuckersers, and sniffers, [ inhales ] all giant produce is triple checked. farm, crate, and store. we're focusing on fresh... ...so you don't have to guess. my giant. stronand restoringding a a father's faith.. it's standing tall after one surgery... not six. stronger is being a typical kid... despite a rare disorder. stronger is finding it earlier...
a parent company recommended snap inc. in 2012. investment is now worth, get this, $23 million. >> wow. >> the school called it a blessing. >> i'm not so sure that we call it divine intervention, but i'll tell you what. if you can turn $15,000 in into the best amount of money that this return will bring, then you have to say god's looking out for us. >> most of the money will go to the school's financial aid program. i hope they name the new gym after that parent....
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snap, inc. d by evan spiegel and bobby murphy made the wall street debut, they closed at $24.48 a share. snap shares up again this morning. joe schlessinger is here with other numbers that some analysts don't like. jill, good morning. >> good morning. >> one of the numbers they probably don't like is the fact that this company lost half a billion dollars last year. >> yes. >> how is it so popular in ipo? >> i think it has a lot to do with the 158 million daily active users. you've got all those eyeballs and younger eyeballs, what advertisers really like. if you're on investor what you're saying is, i know they lost half a billion dlaft lars year, but they will figure out a way to monetize all those users. this is going to be a hit. what's really fascinating about it is, there had not been a lot of tech i p. >>>os in the last couple years. so this really pushed through, oversubscribed. everyone wanted a piece of the action. >> if you're a billionaire on paper, how long before you're a billionaire
snap, inc. d by evan spiegel and bobby murphy made the wall street debut, they closed at $24.48 a share. snap shares up again this morning. joe schlessinger is here with other numbers that some analysts don't like. jill, good morning. >> good morning. >> one of the numbers they probably don't like is the fact that this company lost half a billion dollars last year. >> yes. >> how is it so popular in ipo? >> i think it has a lot to do with the 158 million daily...
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a parent company recommended snap inc. in 2012.estment is now worth, get this, $23 million. >> wow. >> the school called it a blessing. >> i'm not so sure that we call it divine intervention, but i'll tell you what. if you can turn $15,000 in into the best amount of money that this return will bring, then you have to say god's looking out for us. >> most of the money will go to the school's financial aid program. i hope they name the new gym after that parent. >> know. right? >> i wish i would have bought some. >> sometimes some of the pictures shared o >> good morning, i'm rahel solomon, spectacular new waterfront project planned for penn's landing, fundraising goal, right now almost 250 million has been raised for the park, 10 million toward the goal, the plans for the park plan to cover i95 and columbus boulevard from chestnut to walnut st., also delaware near penn's landing, now we check the forecast with katie fehlinger. >> chilly weekend? >> very much so. very spring like conditions of late, and even though we return to the s
a parent company recommended snap inc. in 2012.estment is now worth, get this, $23 million. >> wow. >> the school called it a blessing. >> i'm not so sure that we call it divine intervention, but i'll tell you what. if you can turn $15,000 in into the best amount of money that this return will bring, then you have to say god's looking out for us. >> most of the money will go to the school's financial aid program. i hope they name the new gym after that parent. >>...
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he is only in his 20s, he is celebrating the debut of the company he cofounded, snap inc.po for for the history books. and a fiance supermodel. will this hot social media stock fizzle to a fate like twitter? ross gerber and peter schneider about to duke it out. jaws, paws, claws, hoods, full bull-bear debate at new york stock exchange. i'm liz clam -- claman, so happy you're with us. "countdown" coming right back. so how old do you want to be when you retire? uhh, i was thinking around 70. alright, and before that? you mean after that? no, i'm talking before that. do you have things you want to do before you retire? oh yeah sure... ok, like what? but i thought we were supposed to be talking about investing for retirement? we're absolutely doing that. but there's no law you can't make the most of today. what do you want to do? i'd really like to run with the bulls. wow. yea. hope you're fast. i am. get a portfolio that works for you now and as your needs change. investment management services from td ameritrade. >> very good afternoon, everybody. i'm lori rothman live on th
he is only in his 20s, he is celebrating the debut of the company he cofounded, snap inc.po for for the history books. and a fiance supermodel. will this hot social media stock fizzle to a fate like twitter? ross gerber and peter schneider about to duke it out. jaws, paws, claws, hoods, full bull-bear debate at new york stock exchange. i'm liz clam -- claman, so happy you're with us. "countdown" coming right back. so how old do you want to be when you retire? uhh, i was thinking...
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owners of snap inc. rang the opening bell. the app is valued at 24 billion. the parent company of nbc universal is in business relationship with snapchat. >>> well, chicago set a snow record last month by not seeing any for the first time in the 146 years the weather service has been keeping records. chicago has not logged any snow on the ground in january or february. some snow flurries have fallen, but not enough to record. warm air and ground temperatures led in part to the lack of snow accumulation. >>> i'm first alert meteorologist erika martin. weather headlines for today include a blustery blast to say the least with really strong northwesterly winds and strong northwesterly gusts. on friday it looks like we'll see an a.m. wintry mix and a chance of light snow. i'll time that out for you hour by hour. this weekend it will be dry, but colder. below average temperatures. we normally see mid 40s, upper 40s this time of year. philadelphia, the average high temperature 48 degrees. neighborhoods right now in philadelphia seeing lots of 40s. mid 40s for west
owners of snap inc. rang the opening bell. the app is valued at 24 billion. the parent company of nbc universal is in business relationship with snapchat. >>> well, chicago set a snow record last month by not seeing any for the first time in the 146 years the weather service has been keeping records. chicago has not logged any snow on the ground in january or february. some snow flurries have fallen, but not enough to record. warm air and ground temperatures led in part to the lack of...
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. >> jenna: the founders of snap inc behind the snap chat ringing the opening bell today.od day for snap with shares opening at $24 for the company. have been trading above that. we were playing around with snap chat a little bit. >> jon: i have never looked better. >> jenna: you really looked special. if you just need a pick me up, snap chat is great for that. it is all great for social media. your messages disappear after 24 hours. most things we do we'd like to disappear. >> jon: imagine your anchor team with mustaches and sunglasses. >> jenna: handlebars. >> jon: thank you for joining us. >> jenna: america's news hq starts right now. >> dana: we are awaiting president trump's speech aboard the uss gerald r. ford this hour. in the wake of his recent vow to rebuild america's military. hello everyone. the speech is expected to begin at the bottom of this hour. back in washington, the trump administration is facing mounting pressure over attorney general jeff sessions reported contact last year with russia's ambassador to the united states. top republicans are responding t
. >> jenna: the founders of snap inc behind the snap chat ringing the opening bell today.od day for snap with shares opening at $24 for the company. have been trading above that. we were playing around with snap chat a little bit. >> jon: i have never looked better. >> jenna: you really looked special. if you just need a pick me up, snap chat is great for that. it is all great for social media. your messages disappear after 24 hours. most things we do we'd like to disappear....
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. >> reporter: snap, inc. is one of the most notable unicorns to be public, ending a drought of high profile ipos. the question is, will it prompt others like uber, and airbnb to go public as well? the ceo is the youngest entrepreneur to take a company public in history. in recent months, the growth of snapchat has actually slowed. the company trades under the -- some analysts -- >> it's just incredible to think that six years ago, those three were sitting in a classroom at stanford, came up with the idea and look at them now. they have a company worth more than $20 billion. >> reporter: there's three founders, and one ended up with a buyout, similar to -- he ended up with a big buyout, now two co-founders, and it all started here. >> thank you. >>> looks like the snap ipo is creating a major windfall for a prep school on the peninsula. st. francis high school in noun continue view -- mountain view invested 15 years ago. after the ipo, that investment is said to be worth 20 and $50 million. the tip to buy in c
. >> reporter: snap, inc. is one of the most notable unicorns to be public, ending a drought of high profile ipos. the question is, will it prompt others like uber, and airbnb to go public as well? the ceo is the youngest entrepreneur to take a company public in history. in recent months, the growth of snapchat has actually slowed. the company trades under the -- some analysts -- >> it's just incredible to think that six years ago, those three were sitting in a classroom at...
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shares of snap inc.rsday morning, pricing its initial public offering above the range. the company behind the disappearing photo app went public and evaluation twice as expensive as facebook in 2012. uber, another darling of the tech sector, has suffered from a string of recent scandals,
shares of snap inc.rsday morning, pricing its initial public offering above the range. the company behind the disappearing photo app went public and evaluation twice as expensive as facebook in 2012. uber, another darling of the tech sector, has suffered from a string of recent scandals,
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snap inc. set to raise $3.4 billions in its ipo today in a valuation of $26.6 billion. is set to begin trading today on the new york stock exchange under the ticker snap. evan siegel hoping to avoid volatility today. the company says about a quarter of shares in the offering will go to existing investors who agreed to a one-year lock up period. snap wants to avoid the technical difficulties and delays that marked facebook's ipo at the nasdaq and the huge spike that twitter saw on its ipo day. snap has not confirmed whether evan spiegel will be at the nyse today for the start of trading. he has shied away from the spotlight and hasn't been doing interviews. guys? >> julia, i know that house -- it's almost like a house in venice, isn't it? right down from -- isn't it looking out on the boardwalk there or whatever it is called? >> i think you're thinking of their original snap offices here in venice, the first building that snap moved into and they moved out of evan spiegel's d dad's house. this is on a side street b a block and a half from the main venice boardwalk and th
snap inc. set to raise $3.4 billions in its ipo today in a valuation of $26.6 billion. is set to begin trading today on the new york stock exchange under the ticker snap. evan siegel hoping to avoid volatility today. the company says about a quarter of shares in the offering will go to existing investors who agreed to a one-year lock up period. snap wants to avoid the technical difficulties and delays that marked facebook's ipo at the nasdaq and the huge spike that twitter saw on its ipo day....
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snap inc. is expected to post his ipo after the close today. they're targeting a 17 to $18 per share price range valuing the company at $25 billion. separately the company is developing a drone. the drone would be used to take pictures and videos, but not clear yet if it will be made available to consumers. i tried to get some extra information from various jpmorgan bankers on this but they're tight-lipped on pricing. >> also on today's agenda economic data. february personal income and spending out at 8:30 a.m. eastern. that will be followed by the ism manufacturing index and construction spending at 10:00 a.m. the fed also releases its monthly beige book report which tracks regional conditions at 2:00 a.m. automakers reporting february sales numbers throughout the day and more fed speak to look forward to dallas fed president, rob kaplan and fed governor lael brainard. lowe's, best buy, mylan labs before the bell. after the close, broadcom, box and shake shack. and janet yellen will speak later this week in chicago on friday. she already sent
snap inc. is expected to post his ipo after the close today. they're targeting a 17 to $18 per share price range valuing the company at $25 billion. separately the company is developing a drone. the drone would be used to take pictures and videos, but not clear yet if it will be made available to consumers. i tried to get some extra information from various jpmorgan bankers on this but they're tight-lipped on pricing. >> also on today's agenda economic data. february personal income and...
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snap inc.'s ipo was a success. five years ago st.ncis students told their investor dad that they love snapchat. well, the school should invest. they did. that $15,000 investment is worth now $24 million. >> man. >> did you hear that? >> well done. >> the school says all those earnings will go toward an endowment for financial aid. now that's how you do it. >> it's sort of like a new territory. parents might not understand how wide the scope of it is and how easy it is. >> all it takes is a few key strokes to cause damage. how students are fighting back against online bullying. >>> a government car, an uniform and an armed suspect. new details on stolen atemperatures from a military center in prince george's county. >>> from the big house to the big boss. how one man who started out with a life of crime is becoming an entrepreneur. wired differently. maybe that's why we've been ranked highest in customer satisfaction by jd power 4 years in a row. and now you can love fios too. get our best offer of
snap inc.'s ipo was a success. five years ago st.ncis students told their investor dad that they love snapchat. well, the school should invest. they did. that $15,000 investment is worth now $24 million. >> man. >> did you hear that? >> well done. >> the school says all those earnings will go toward an endowment for financial aid. now that's how you do it. >> it's sort of like a new territory. parents might not understand how wide the scope of it is and how easy it...
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shares of snap inc.g, pricing its initial public offering above the marketed range. the company behind the disappearing photo app went public in evaluation twice as expensive as facebook in 2012. uber, another darling of the tech sector, has suffered from a string of recent scandals, the latest involving a video of c.e.o. travis kalanick berating
shares of snap inc.g, pricing its initial public offering above the marketed range. the company behind the disappearing photo app went public in evaluation twice as expensive as facebook in 2012. uber, another darling of the tech sector, has suffered from a string of recent scandals, the latest involving a video of c.e.o. travis kalanick berating
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. >> reporter: it was a big day for snap inc., the stock soaring out of the gate, this after the company priced shares at $17, above the range the company projected last month of $14 to $16. the opening price of $24 puts the market cap at about $34 billion, about the size of marriott and target and about three times the size of twitter. analysts weighing in today are concerned about the company's valuation. raising concerns about facebook copying its features. nomura recommends investors reduce their ownership of shares with a $16 price target, while pivotal has a sell rating and a $10 price target saying while snap is promising it's overvalued considering the risks. here at snap headquarters neighbors protested it's effect on the community claiming that snap is driving up real estate prices and driving out mom and pop shops. there's no question for other tech companies in los angeles, snap could be a game changer as the largest ipo ever from los angeles. back over to you. >> julia spent a lot of time talking about valuations and what firms make of it. morgan stanley raking in a lot of m
. >> reporter: it was a big day for snap inc., the stock soaring out of the gate, this after the company priced shares at $17, above the range the company projected last month of $14 to $16. the opening price of $24 puts the market cap at about $34 billion, about the size of marriott and target and about three times the size of twitter. analysts weighing in today are concerned about the company's valuation. raising concerns about facebook copying its features. nomura recommends investors...
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shares of snap inc.g, pricing its initial public offering above the marketed range. the company behind the disappearing photo app went
shares of snap inc.g, pricing its initial public offering above the marketed range. the company behind the disappearing photo app went
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. >>> snap inc surging more than 40% for its first time as a public company. he company is headquartered aren't so thrilled with snap. julia boorstin joins us live to explain. >> reporter: hey, kelly, that's right. i'm at snap inc's headquarters, we're a block from the venice beach boardwalk. as you can tell from the protesters behind me, many folks in the community are not so happy with the company's gentrifying effect on the artsy bohemian neighborhood. the company after its first day of trading is valued at about $34 billion. co-founders evan spiegel, bobby murphy, now each worth about $5.4 billion. now, there was a group of protesters here today complaining about snap killing mom and pop businesses, driving up local rent, saying that snap and its security guards don't fit in. >> the artwork on the walls, it's not going to be like that in a year if they change this whole place. it's just going to be, like, huntington beach or newport beach or blah, blah, blah, you know? nobody is going to be here. not going to be any excitement. that got to stop this, man. >
. >>> snap inc surging more than 40% for its first time as a public company. he company is headquartered aren't so thrilled with snap. julia boorstin joins us live to explain. >> reporter: hey, kelly, that's right. i'm at snap inc's headquarters, we're a block from the venice beach boardwalk. as you can tell from the protesters behind me, many folks in the community are not so happy with the company's gentrifying effect on the artsy bohemian neighborhood. the company after its...
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david and melissa, you have snap, inc. and -- [inaudible] ah. david: boy are you making money today. melissa: look at that! david: stocks going stratospheric in reaction to president trump's extremely bullish message to congress last night. all of the major averages ending at brand new record highs. look at that, the dow over 300. unbelievable. the blue-chips taking off like a rocket today, ending the day up over 300. looks like we'll settle over 300, taking us up to and beyond 21,000 for the first time ever. tying the record for the fastest 1000 point gain in history. it has been 24 days since we hit 20,000. i'm david asman. melissa: i'm melissa francis. this "after the bell." let's get right to lori rothman watching all of the action on the floor of the new york stock exchange. and, lori, a lot of stocks hitting brand new record highs. who are today's biggest winners? >> more than i certainly can count, that's for sure, melissa. let's get right to it. today's winner powering the dow past 21,000. jpmorgan up 3.6%. american express, boeing, trav
david and melissa, you have snap, inc. and -- [inaudible] ah. david: boy are you making money today. melissa: look at that! david: stocks going stratospheric in reaction to president trump's extremely bullish message to congress last night. all of the major averages ending at brand new record highs. look at that, the dow over 300. unbelievable. the blue-chips taking off like a rocket today, ending the day up over 300. looks like we'll settle over 300, taking us up to and beyond 21,000 for the...
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we told you yesterday about snap inc going public making some people a lot of money. >> jenna: here'sn on the action. using one of the new filters. you said it yesterday. never looked better than that moment. >> jon: there's a good picture right there. >> jenna: two thirds of shares this week they raised $24 million. why can we be the people who decides early like that's the next big thing? it would be that easy. >> jon: if somebody would just call us with one of those tips. have a great weekend. thanks for joining us. >> jenna: "american news hq" starts now. >> dana: fox news alert. president trump is in florida right now to talk education. as we get more information about the classified briefing director comby gave on the russian investigation. hello everyone. the president is in orlando with marco rubio and betsy devos. this comes as new questions about the president's attorney general. democrats say the decision of jeff sessions to recuse himself from the case is another clue that something is amiss. sources tell fox that the briefing on possible ties between the trump campaign an
we told you yesterday about snap inc going public making some people a lot of money. >> jenna: here'sn on the action. using one of the new filters. you said it yesterday. never looked better than that moment. >> jon: there's a good picture right there. >> jenna: two thirds of shares this week they raised $24 million. why can we be the people who decides early like that's the next big thing? it would be that easy. >> jon: if somebody would just call us with one of those...
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snapchat parent company snap inc. pricing tonight, will be trading on the nyse tomorrow. w are we set to capitalize on snap's success? jon fortt is in barcelona. going to be a busy night, jon. >> reporter: yes, it will, carl, but first of all, a question about snap is whether it's going to have the kind of global appeal that will have to really power its growth after the ipo. so, here in barcelona, it's a great place to figure that out. this three years ago is where college students told me that whatsapp was their number one must-have app on their phone. so, here i caught up with dominique del por. he is a board member at avendee, general manager of content for havas and i asked whether that has buzz with european millennials. here's what he said. >> absolutely. uk, france, germany, south europe. it's really trendy. the big brands are coming in the discover part, and so, it's perceived as the growing brand. >> reporter: the question is whether they've got the sort of business momentum that they need to really make money here as well. delport pointed out that they really ju
snapchat parent company snap inc. pricing tonight, will be trading on the nyse tomorrow. w are we set to capitalize on snap's success? jon fortt is in barcelona. going to be a busy night, jon. >> reporter: yes, it will, carl, but first of all, a question about snap is whether it's going to have the kind of global appeal that will have to really power its growth after the ipo. so, here in barcelona, it's a great place to figure that out. this three years ago is where college students told...
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. >>> shares for snap inc, snapchat, soared when it opened on new york stock exchange. puts the company's value at $33 billion, comparable to the likes of marriott and target. more on snapchat and the markets later this hour. >>> first, as we say, we're about 30 minutes away from hearing from attorney general jeff sessions on a big news day. for more, i want to bring in senator cory booker of new jersey. we should note that senator booker, you were, i think, the first senator -- sitting senator to testify against another senator during a confirmation hearing back during the confirmation of senator sessions for attorney general. i know you have been calling, senator, for resignation, as i understand it. why do you say that 1234. >> we have a situation where under oath after two lines of questioning, one written from patrick leahy and one from al franken was directly asked about his contacts with russian officials and he withheld information. he did not tell the whole truth. that's bad enough on its face but for someone who themselves was a prosecutor and someone who was
. >>> shares for snap inc, snapchat, soared when it opened on new york stock exchange. puts the company's value at $33 billion, comparable to the likes of marriott and target. more on snapchat and the markets later this hour. >>> first, as we say, we're about 30 minutes away from hearing from attorney general jeff sessions on a big news day. for more, i want to bring in senator cory booker of new jersey. we should note that senator booker, you were, i think, the first senator...
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snap inc. expected to have the ipo after the close today. the company targeting a 17 to $18 range, valuing the company at $25 billion. separately the company reportedly developing a drone. the "new york times" saying the drone would be used to take puck chores and video. >> youtube planning to launch a live tv streaming service featuring broadcast news and cable channels. this is all in a bid to attract cord cutters. youtube tv will cost $35 a month for six accounts. the lineup includes nbc, cbs, abc, fox, espn. subscribers can also watch original movies and shows from youtube's red channel. cord cutting is, i would argue, beginning in earnest today. directv now is one of the first efforts at a true sort of skinny bundle. >> you saw the number yesterday. what is it? a billion hours, people are watching youtube a billion hours a day. >> amazing. >> that shows you there's a difference between young people and -- i don't think i watch a minute of youtube. maybe -- maybe i don't -- >> you don't know. >> it doesn't come close to the number of tim
snap inc. expected to have the ipo after the close today. the company targeting a 17 to $18 range, valuing the company at $25 billion. separately the company reportedly developing a drone. the "new york times" saying the drone would be used to take puck chores and video. >> youtube planning to launch a live tv streaming service featuring broadcast news and cable channels. this is all in a bid to attract cord cutters. youtube tv will cost $35 a month for six accounts. the lineup...
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stuart: i know that nicole is on the floor of the exchange looking at snap, inc. any news on timing of the first trade, please? nicole: well, right now, i just went to the post there, and there's obviously a crowd of people, they have to get that book ready, but what we are seeing and the overwhelming, obviously, the noise that we're hearing is that they're seeing a slew of bids. so, you're not going to see it most like under $17. at some time we're hearing 10:30, 11:00, so you've got to be patient on this one, but the idea and piece of news that's very interesting is that there's a demand and the bids are coming in. so, they want it. they want snap, they love it, what do they think, it's a social media company, a camera company, a millennial company, i don't know what you want to call it, but i can tell you that my two children today before they left the house said, 90% of our school uses snapchat, nobody uses anything else. every kid in america uses snapchat. they gave me the lecture as to why snapchat is hot. my argument would be they don't make a profit, but t
stuart: i know that nicole is on the floor of the exchange looking at snap, inc. any news on timing of the first trade, please? nicole: well, right now, i just went to the post there, and there's obviously a crowd of people, they have to get that book ready, but what we are seeing and the overwhelming, obviously, the noise that we're hearing is that they're seeing a slew of bids. so, you're not going to see it most like under $17. at some time we're hearing 10:30, 11:00, so you've got to be...
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snap inc.'s ipo set to price at $17 a share. we'll bring you the details coming up.mie hughes and tom persimki. truly jaw-dropping news. >> different kind of nail-biter today. will we get up 300 or will the dow turn positive to extend the streak yesterday. i see three fuses lit overnight and into the morning. one was the reassuring speech by the president last night. the danger is parsing too much what the market's reaction to in the details. it's more about the tone and more about the fact that, look, policy is sort of trending the direction we like. the economic data looks good. 3% gain in the financial stocks today. that's most of today's move really. the economic data, somewhat higher. pce inflation. if the fed is going to go, you want the economy to be working in line in that direction. >> markets globally rallying, dani. it's not just us. data globally continues to do better. what is this about for you? >> i think it has a lot to do with people viewing what trump said yesterday as the fact that he can finish a full sentence. but again, there is a lot of mayo an
snap inc.'s ipo set to price at $17 a share. we'll bring you the details coming up.mie hughes and tom persimki. truly jaw-dropping news. >> different kind of nail-biter today. will we get up 300 or will the dow turn positive to extend the streak yesterday. i see three fuses lit overnight and into the morning. one was the reassuring speech by the president last night. the danger is parsing too much what the market's reaction to in the details. it's more about the tone and more about the...
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the new york stock exchange welcomes snap inc. on their first day of trading.and bobby murphy, co-founder, will ring the nyse opening bell. welcome back to the kron four morning news... lets start the half hour with a check of weather and traffic... looking outside...we're seeing clear conditions all across the bay area. chilly temperatures you're waking up to as well, but it won't be for long. 60s and maybe even some 70s expected for daytime highs with lots of sunshine! here's a look at your day part forecast...cold now but sunny and warmer as we progress throughout the day. no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. golden gat bridge drive time less than 30 min from 37 to the toll plaza. richmond bridge drive less than 20 min from the toll to 101 breaking news we are following form overnight another shooting on an east bay freeway... this time on interstate 880 in oakland. an off-duty officer was shot at late last night. this is the third shooting on an east bay freeway sinc
the new york stock exchange welcomes snap inc. on their first day of trading.and bobby murphy, co-founder, will ring the nyse opening bell. welcome back to the kron four morning news... lets start the half hour with a check of weather and traffic... looking outside...we're seeing clear conditions all across the bay area. chilly temperatures you're waking up to as well, but it won't be for long. 60s and maybe even some 70s expected for daytime highs with lots of sunshine! here's a look at your...
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we kick it off with top story, snap, inc the company of snapchat set to begin trading, cheryl casone enice beach, california at the headquarters. good morning. cheryl: good morning, maria. a lot to look at when it comes to snap, the parent company of snapchat as you mentioned and i want to pick up on something that kelly said around the questions of ipo, there are several. first to the numbers, $17 a share, the official pricing for the snap ipo valuing the company at $24 billion. this is now the third largest technology ipo in history behind alibaba and facebook in 2012. a couple of points, particularly instagram, if you look at filing from snap, they did see a slowdown in user growth because of emergence of stories in instagram. facebook owns instagram. of course, it's going to be exciting day, of course, everyone here in venice beach, california and certainly on the new york stock exchange. 26 year's old, drops out of stanford and starts the company in 2011, we don't know the -- the company is secret about his whereabouts, we do believe he's in new york, other executives staying beh
we kick it off with top story, snap, inc the company of snapchat set to begin trading, cheryl casone enice beach, california at the headquarters. good morning. cheryl: good morning, maria. a lot to look at when it comes to snap, the parent company of snapchat as you mentioned and i want to pick up on something that kelly said around the questions of ipo, there are several. first to the numbers, $17 a share, the official pricing for the snap ipo valuing the company at $24 billion. this is now...