i think it makes sense. >> stacey cunningham, thank you very much.dent of the new york stock exchange >> as we go to break, we are going to keep an eye on post five with the indication on slack is 30 to 34. watch oracle up almost 9% beats on the top and bottom lines, benefiting from strength in the on premise i.t. offerings. sentiment not good abogoinin at, but he they hit it out of the park don't go anywhere. the rhythm of the world. park don't go anywhere. it's the pac. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. man: stand up if you are a first generation college student. stand up if you're a mother. if you are actively deployed, a veteran, or you're in a military family, please stand. the world in which we live equally distributes talent. but it doesn't equally distribute opportunity, and paths are not always the same. i'm so proud of you, dad! man: i will tell you this, southern new hampshire university can change the

clothing retailer up more than 100% on its first day of trade new york stock exchange president stacey cunningham joins us now for an exclusiven't view stacey, great to see you thanks for joining us. >> great to see you. >> congratulations on a successful ipo today 100% plus. you must be delighted. >> i think investors are really delighted about a lot of the companies coming to market and revolve is a great example of that. when you look at the companies, especially the ones that are a little bit smaller and earlier in their life cycle, it had great performance since they've come on average across the board. tech ipos are up roughly 30% we have a few examples of companies like revolve and pager duty up 100% from where they're priced >> i'm glad you brought that up because when you see what's performed the best in the market it is these companies that are earlier on and only a couple years old versus a decade old or a decade plus. like an uber, for example. do you think this is going to push more private companies to go public sooner >> i certainly hope so and i'll tell you why. if you take a step

going to speak with john chen about tech's trade war fallout and breaking up big tech plus, stacey cunninghamer the momentum will continue we got so much great programming straight ahead for you on the summer friday. stay with us there's a lot that needs to get done today. small things. big things. too hard to do alone things. day after day, you need to get it all done. and here to listen and help you through it all is bank of america. with the expertise and know-how you need to reach that blissful state of done-ness. so let's get after it. ♪ everything is all right what would you like the power to do?® ♪ all right instate-of-the-artne technology makes it brilliant. the visionary lexus nx. lease the 2019 nx 300 for $359/month for 36 months. experience amazing at your lexus dealer. there's one thing you can be sure of. they're changing by the nanosecond. that's why cognizant created a unique engineering approach to design and build new digital products. learn how cognizant softvision designs experiences and engineers outcomes. ♪ cool. ♪ >>> good morning 11:00 a.m. on wall street and "squawk al