for the few women who do make it to the new york stock exchange, some challenges await.ket or they wear a blazer. it comes in men's sizes. when i saw it i thought i was wearing my dad's coat or something. despite sartorial obstacles, lauren was proud to be inducted into the stock exchange fraternity and to become the only african—american woman ever to sign her name alongside jaidee rockerfeller. but the trading centre, which has long battle accusations of sexism, needs more to follow in her wake ——jd rockerfeller. 0il follow in her wake ——jd rockerfeller. oil prices closing at 3.5 year peaks overnight, with light crude at 70.13 dollars, and brent crude at 70.13 dollars, and brent crude at 70.13 dollars, and brent crude at $75.64, trading on the european platform, this on speculation us president donald trump will accept the iran nuclear deal. let's have a look briefly at the asian markets, the nikkei up a 6.25 in the all 0rdinaries gaining ten. thank you for investing your time with us. i am rico hizon. see you soon. the top stories this hour: molten lava is continuing

we'll hear from the only full—time female broker working at the new york stock exchange.nd on the markets — trading right now, asia, all higher, as you can see. everybody has a close eye on the white house and its announcement on the iran nuclear deal. later today. the future of air france is in the balance after the company lost nearly a tenth off its value on monday. the markets reacted anxiously to comments from france's economy minister, bruno le mair, over the weekend, who stated the airline could disappear unless a pay dispute was resolved. the french government owns 14.3% of the air france—klm parent group, but has repeatedly said it won't bailout the troubled airline. the national carrier has already been hit by m days of strikes and staff have rejected the airline's latest offer of a 7% pay rise spread out over four years. workers are holding firm over their demand for an annual salary increase of 5.1%. last friday, the boss of air france—klm, jean—marc janaillac, resigned after staff rejected what the company described as a final pay offer. with me is russ mould

the first woman in charge of the new york stock exchange. and the surprising tweet that has swedes shaking their heads and some turks rejoicing. and some turks rejoicing. i tried to go cold turkey; it didn't work for me. i didn't think i could quit until i used chantix. along with support, chantix (varenicline) is proven to help people quit smoking. chantix reduced my urge to smoke. when you try to quit smoking, with or without chantix, you may have nicotine withdrawal symptoms. some people had changes in behavior or thinking, aggression, hostility, agitation, depressed mood, or suicidal thoughts or actions with chantix. serious side effects may include seizures, new or worse heart or blood vessel problems, sleepwalking or allergic and skin reactions which can be life-threatening. stop chantix and get help right away if you have any of these. tell your healthcare provider if you've had depression or other mental health problems. decrease alcohol use while taking chantix. use caution when driving or operating machinery. the most common side e

in its first set of earnings since it listed on the new york stock exchange, spotify said revenue rosehree months of the year. just as a really quickly, asian stocks are mixed. the federal reserve said inflation is close to its target and of course kept rates as they are in the us. that is your business briefing. polling stations will open at 7 o'clock this morning for voting in local elections across england, in the biggest test of public opinion since the general election 11 months ago. most councils are counting votes overnight, but others will declare results during the day on friday. our political correspondent jonathan blake reports. across london and in towns and cities around england, people are going to the polls. there are 4371 council seats up for grabs in 150 year tree authorities, metropolitan boroughs and district councils. six may all elections are also being held. all council seats are being fought in london and some cities, including manchester, leeds and newcastle. elsewhere, a third of some seats are up newcastle. elsewhere, a third of some seats are up for grabs. el

for the first time in the 226-year history of the new york stock exchange, a woman is the president. nd nbc savannah guthrie caught up with stacy cunningham at the floor of the exchange. >> so this is mission control. >> this is mission control. >> it iss incredible to thinkou >> i was just a kid. >> could you have in your wildest dreams imagine you would take this walk as the president of the new york stock exchange. >> back then i want thinking about it i was too raptured. >> the first female president in the 226 year history of the new york stock exchange. >> you must get addicted to the energy. >> how could you not. you bring somebody in like you that hasn't been here before. wow, look at it. and that doesn't go away. i still feel that way when i come in. it is just got a special place in my heart. >> i do look forward to a day when a woman taking a job isn't news worthy but we aren't quite there yet. >> what kind of reaction have you been getting? >> most surprisingly reaction are from so many of the men out there that are reaching out to me so to say i could tell my daughter in

never gets old walking out. >> stacy cunningham called the new york stock exchange home since 1994. >irst memory of the new york exchange is what? >> i was an engineering student. i through happenstance ended up with an internship on the trading floor soon as i heard the sound, energy and pace, i knew it was home for me. >> reporter: she climbed ranks on wall street starting as floor clerk, specialist, working her way up. >> ipo. there it goes. >> now, 24 years after that new york stock exchange internship, stacy cunningham is its first female president. >> it is, you know overwhelming. we have a very high profile role in, in global commerce, and in the capital markets. and so being the face of that is, is a little intimidating. >> when you started you were one of few women. >> yes. >> what was that like? >> i didn't notice it. that is a surprising abcer. i know i was outnumbered. i can tell the difference between a man and woman. but it was, it was not, it wasn't top of mind for me. >> thanks in large part, to muriel seaburt. sunny paved the way becoming the first woman to own a seat

most important stock exchanges in the world, but 226 years ago when the stock exchange was funded notot vote, they couldn't own property, so the fact that this symbol of american business is now being led by a woman is very significant indeed. and what are her primary challenges? well, it's not really clear that the new york stock exchange really needs to exist. these days, much of the trading is done by computers, by algorithms, and yet the new york stock exchange is really a holdout where there are actually human brokers on the floor. it is where we broadcast from as the bbc every day. the head of the new york stock exchange really needs to make a case for why this needs to continue and why it should be the focal point of the us economy, and that will be one of the main challenges of her role. 0k. of the main challenges of her role. ok. thank you very much indeed. this next tory caught our eye. —— this next tory caught our eye. —— this next story. shares in chinese firms which make and sell baby goods have surged. that's because a report that china is thinking of abandoning its limi

where you have nasdaq you have bats you have a new york stock exchange mexico there was only one so this also made that you had no competition and there were there were no incentives for example to challenge someone for and for and for an i.p.o. and different type of service is a better system and so this so right now there's there's a new stock exchange gold biba and they're just finishing up the last the start running and now they're going to compete for orders now they're going to compete for better technology more i.p.o. so it's going to help develop also the it sounds like some competition now and it's going to be better for everybody yes definitely and one of the bits of they have is as are c.e.o. they brought. a very experienced person who has been leading venture capital funds and she was like the president of the mixed group which is the old the bencher capital funds and in mexico so probably we're going to see new players and startups coming and making i.p.o.'s in mc. go because there aren't many i.p.o.'s in mexico mexico city is an unbelievably charming city that while i love

second biggest maker of big mining hardware submitted a listing application to the hong kong stock exchange morgan stanley deutsche bank credit suisse c m b international capital our joint sponsors of the proposed offering according to preliminary prospectus bloomberg mary's reported earlier to say that canaan had filed for an i.p.o. that would raise about a billion dollars the filing didn't say how much can and will seek their quicken goes under the avalon oh avalon. right so the circle is complete they then tech revolution that is crypto is that being a re entered into the overall financial markets and it has now transform those financial markets in ways that will now see take another revolution around between traditional finance crypto finance traditional finance and these two are catapulting themselves into a new financial reality crypto dominated remember the denominator for the new economic reality. for planet earth is bitcoin it's important to note here however that this is they're seeking money from investors who had no ordinarily go to one of those legacy stock exchanges they're no

talk about that a little bit yeah we only had one stock exchange in mexico which is called dublin so he got another about otis so different from for example in the u.s. where you have nasdaq you have bats you have a new york stock exchange mexico there was only one so this also made that you had no competition and there were there were no incentives for example to challenge someone for and for and for an i.p.o. and different type of service is a better system and so this so right now there's there's a new stock exchange gold biba. and they're just finishing up the last the start running and now they're going to compete for orders now they're going to compete for better technology more i.p.o. so it's going to help develop also the it sounds like some competition now and it's going to be better for everybody yes definitely and one of the bits of they have is as their c.e.o. they brought. a very experienced person who has been leading venture capital funds and she was like the president of the mixed group which is the old the bencher capital funds and in mexico so probably we're going t

are you confident you will not preside over the closing of the stock exchange. >> i'm very confident.. >> and just as she's settling into her new role, the girl statue is getting a new home. she will no longer face the bull. but reside in front of the new york stock exchange. >> for people you are the fearless girl. >> i think there are so many fearless girls out there and tapping into that is important and finding the spirit to go on and take on the world. i think we all have to do that. >> she's down to earth but you have to think about her walking out to the new york stock exchange floor in 1994, 19 years old. the traders are notorious and it is a guy's club. and she can hang with them and i could see just walking around with her, how popular she is and how beloved by the traders on the floor. >> i love the message. embrace ambition. don't walk away from it. >> very cool. >> dylan has a check of the weather. how is it looking? >> today is looking unsettled. down south we have moisture trying to stream in from the system a little bit farther to the south. so tropical downpours are p

first one-on-one with the woman in the history of the new york city stock exchange. >> i do look forwardker rocks the plaza. darius rucker hits the stage for a concert on friday, may 25th, 2018. >> we ar ticking off memorial day weekend with darius rucker. >> "today" is a dream come true. see darius on the plaza. >> g>>d morn good morning, everybody. welce back to "today." it's friday morning. great crowd out there. aot of f week folks are still here, and we have willie in for hoda. >> a we're getting ready for memorial day weekend. >>> we have a lot going on in the news. at 8:00, harvey weinstein surrendered this morning facing charges in the sex crimes investigation that h crash empire and launchede the m too movement, a craig melvin joins us for the latest. >> rorter: the 66-year-ol disgraced hollywood movie mogul stepped out ofla a b suv shortly before 7:30, and strolled up io the first precin precin behind me, and that's where harvey weinstein is right now. we are told he has been pressed and fingerprinted. takenl have a photograph and be given an arrest number, and he will spend tw

stacey was born to run the new york stock exchange and she's going to do a fabulous job >> dick, it'sapner it is nice to talk to you again. what do you think the exchange is going to look like in the future under miss cunningham she told us in our interview today, i certainly hope we're still here on the floor in five years. is there going to be a floor in five years >> well, i think she has the challenge. and she understands it, having seen the exchange once populated by 5,000 people, now populated by several hundred people of evolving the market model, scott, to accommodate the needs of issuers and investors i personally believe there will always be a trading floor, as evidenced by the fact that when you have an opening, off closing, you have an expiration, or you have an event-driven transaction, everyone repopulates the floor, because open -- if you will, open and transparent price discovery is the best way of determining fair values of both the smallest and the largest of investors >> all right dick, we certainly appreciate you change us. great to catch up with you on this histor

since chinese e-commerce giant alibaba launched on the new york stock exchange in twenty fourteen in the first quarter of this year show me sold twenty eight million smartphones worldwide eight point four percent of the market. now anyone who paid attention in geography class the gobi desert is huge dry and freezing cold it's also considered the most fertile part of mongolia with china's community of wine lovers going by double digits every year why don't make wine there. a vineyard on the edge of the gobi desert in the spring time the great finds are cleared off after spending that cold dry winter covered in protective soil it takes several weeks to resurrect the vineyard which is artificially irrigated but even if no one funky isn't at all put off by the challenges. ok even though it's expensive and complicated we said let's do this we want to be able to make our own high quality chinese wine since setting up the con and winery in the new province seven years ago one fung has been granted a number of accolades she discovered her love of wine in germany where she lived for a decade

exchange." on deck, today's mystery chart this is the world's second best performing stock market this year you'llear exclusively from the head of that country's exchange, that's straight ahead. >>> and a travel alert to all of you frequent fliers and your furry friends. united made a change to its pet policy the full details when "worldwide exchange" returns. we use our phones and computers the same way these days. so why do we pay to have a phone connected when we're already paying for internet? shouldn't it all just be one thing? that's why xfinity mobile comes with your internet. you can get up to 5 lines of talk and text included at no extra cost. so all you pay for is data. see how you could save $400 or more a year. and get $200 back when you sign up for xfinity mobile and add a new line of unlimited. xfinity mobile. it's a new kind of network designed to save you money. click, call or visit an xfinity store today. >>> good morning it's time to reveal the mystery chart. we teased you before the break this is the world's second best performing stock market this year, it's saudi arabia with a

one of the most iconic symbols of american business has to be the new york stock exchange.but you might haon noticed a corait among the dealers -- they are all men. okter the only full-time female br. graduate genetics lauren simmons was always an unlikely candidate for a within the beating heart of the , as clients often like to remind her. >> a woman? aryo23? you are a minority? at are you doing? how did you get this job? reporter: lauren move from her home state of georgia and was soon working on wall street in an almost entinmly male envit. >> i fell in love with the numbers in the fast movement and the men in the trading jackets. everything was moving so fast. loving it. reporter: the new york stock exchange is one of the last remaining trading floors to still use humanrokers. even as their numbers dwindle, one thing remains te -- this is very much a boy's club. 1 wall st veteran who has been on the floor since 196 this disparity goes back to the way things were done before computers arrived. >> trading was a very physical thing. you and i would look at each other and

nicole petallides on floor of new york stock exchange

today, she points at the bathrooms are on par at the new york stock exchange. genie: how nice that you can start as an internrn and end ups ththe first female leader.r. at the you for that look busineness news. let's take a quick look at the press review. laurent is with me on set for what the papers are saying today. you are when to off with south korean president moon jae-in, who is heading to washington today to talk to donald trump. dheepthika: that's right, he will be meeting with donald trump in their fourth summit so far. this seems to be the most important one, amid threats of the north korea-u.s. summit being canceled next month. "the korea times" called on president moon to act as a mediator and narrow the differences between pyongyang and washington. the paper redirects -- reiterates the importance of denuclearization, while offering incentives to pyongyang. the left-leaning korean paper say that moon and trump need to clarify what kind of denuclearization they want to ,ffer or impose on north korea that would satisfy the north koreans but also the u

talking of stocks shares in air france tumbled more than thirteen percent on the paris stock exchange that following the departure of the troubled airline c.e.o. . announced his resignation on friday night after staff rejected a paid deal this pilot away for strikes that have cost the carrier three hundred million euros as it aims to cut costs to compete with rivals france's economy minister said on sunday that the airline survival was at stake and the government would not step in to rescue it the air france crisis is just one of many challenges the government is currently dealing with one year into macross presidency opinions are divided whether his sweeping reforms are good for the country. economists say emmanuel mccall has changed more in twelve months than his predecessors did in years. despite heavy resistance he has managed to implement reforms pushing for more flexibility in france's rigid job market. and

since chinese e-commerce giant hadlee baba launched on the new york stock exchange in twenty fourteen in the first quarter of the year show me sold twenty eight million smartphones that's close to ten percent of the global market. compensation at long last for thousands of miners in south africa who contract that lung disease the settlement is the result of years of campaigning is worth around four hundred million dollars it covers workers from several big mining companies employ between one hundred sixty five and today many got tuberculosis after inhaling silica dust while drilling the families of those who died will be compensated as part of the deal. added as is sticking to an advertising deal with kanye west despite pressure to cut ties the american rapper sparked outrage this week describing slavery as a choice thousands signed an online petition for the german sportswear brand to end its three year old partnership with him the chief executive of the horse that says while added us doesn't support west's comments it remains very committed to the collaboration if it helps send shar

to leave the euro have only further to that slump earlier we spoke to our man at the frankfurt stock exchange and i asked him how the markets are handling all this turmoil. the very very worried decline of the euro has been strong on the bond market the market for government bonds there's been a sell off in italian government bonds these sell off means that the average yield the interest rate on italian government bonds has risen steeply it's above three percent for the first time in four years at the same time the guild on the german ten year government bond has fallen quite significantly it has fallen below zero point three percent this spread the difference between the yields on italian and german government bonds and the widening of the spread indicates how what what kind of potential for disruption investors are seeing right now in the euro zone we're talking of disruption night i know that the euro is is down but shares and do into well i mean which ones are the hardest hit. well the banks bank and commands bank book both shares are down around about five percent at the moment. for the

since chinese economist giant ali baba lost on the new york stock exchange in the first quarter of this year show me sold twenty eight million smartphones worldwide that's an eight point four percent share of the global market. now china is well on the way to becoming the second biggest nation of wine drinkers in the world the community of wine lovers is growing by double digits every year so far there's been good news for wineries from the napa valley in the u.s. to bordeaux in france because chinese wines had a reputation as being undrinkable for a long time but a new generation of wine makers has set out to prove china can do anything even grow world class wine. a vineyard on the edge of the gobi desert in the spring time the great finds are cleared off after spending that cold dry winter covered in protective soil it takes several weeks to resurrect a vineyard which is artificially irrigated but no one funky isn't at all put off by the challenges. ok even though it's expensive and complicated we said let's do this we want to be able to make our own high quality chinese wine. since s

italy's debt burden spiraling out of control the reaction for you as far as equities go beyond stock exchange something by four percent a time the regaining a little as you can see there same story for madrid in frankfurt the german dax falling by one and a half percent. bank of italy governor in doubt still biscoe has warned that there are no short cuts when it comes to shrinking his country's public debt he added italy's destiny is bound to that of europe at the unveiling of the central bank's annual report in rome biscoe was also keen to ease fears about the tumbling of shares at the milan stock exchange. really shouldn't reducing the incidence of debt is an essential objective. if the tensions of the last days can be eased the cost of debt will also be reduced. over to correct those in our financial correspondent frank for some reaction to italy's central bank governor he does sound like he has everything under control conrad. of course it has been that's what he's paid for central banks central bankers are the anchor of stability for the financial world mr biscoe really has to use langua

that stock is down 6%. >>> we're just getting started on "worldwide exchange."all it the obama effect what the former president and first lady did that has shares of netflix pushing higher this morning. >>> first italy's political drama front and center willem marx is live on the ground in rome >> >> that's right we'll give you an update on the complex political situation and what a potential new prime minierou mn r st cldeafothe italian economy and for investors. stay with uswe make is our businessbusiness the united states postal service. priority: you >>> a developing story out of europe italy could be getting a prime minister no one has ever heard of global investors should take notice willem marx joins us live from rome with what we need to know hello, willem. >>> so what we're waiting for at the moment is for the italian president, sergio mattarella to approve this candidate we've had from this coalition put forward, giuseppe conte, he's a law professor based in rome and florence but has no government experience whatsoever. the challenge for a man like him

first memory of the new york stock exchange is what?tudent. i sort of threw happenstance ended up with an internship on the trading floor. as soon as i heard all the sounds and the energy and the pace, i knew it was home for me. >> she climbed the ranks on wall street, starting as a floor clerk and specialist, working her way up. >> there it goes. >> now 24 years after that new york stock exchange internship, stacey cunningham is its first female president. >> it's -- you know, it's overwhelming. we have a very high-profile role in global commerce, in the capital markets, and so being the face of that is a little intimidating. >> when you first started, you were one of few women. >> yes. >> what was that like? >> i didn't notice it. >> really? >> i know that's a surprising answer. i know i was outnumbered. i can tell the difference between a man and a woman. but it was not -- it just wasn't top of mind for me. >> thanks in large part, cunningham says, to muriel siebert. back in 1967, siebert paved the way, becoming the first woman to ow

and joining us from deutsche bank headquarters in frankfurt general duma launches on the stock exchange but it's the same city you know tell us about all these bankers out of work and what shareholders think about and usually they like job cuts. well remember that this really is the first shareholders benefit now benefit now the job cuts are there for the new c.e.o. to be able to show that he has what it takes to be able to take the tough decisions needed to steer deutsche bank a back to profitability as such dortch of bank shares jumped on the news although they've since gone back down but how they really feel about this move will be made plain tomorrow during that shareholders meeting that you mentioned for now it's worth bearing in mind that one of the key reasons that his predecessor john cry and had to go last month was because shareholders were dissatisfied at the pace and the depth of the restructure i made three last banking years for deutsche bank so in the last years

country because of this nervousness we are seeing a lot of full tilt volatility there at the stock exchange during the trading day this is actually very interesting because usually the trading day there is not very volatile or something like that we usually see more happening for example at the london stock exchange sometimes here in frankfurt as well already this morning close to noon by that time as many traits were executed compared to the normal average daily volume and they don't even selling all of their stocks it seems that more defensive shares are very much demanded today also we continue to see a loss in bond two years and once again because of this uncertainty the euro has been dropping to the lowest point now in five months this is also making investors a bit nervous here and frankfurt as well the blue chip index stocks closed with a loss of zero point three percent at a level of thirteen thousand and seventy seven points ok volatile horse trading in italy the two parties leaders have accused the markets all of blackmail do they even know how financial markets work. well in this

. >>> the new york stock exchange makes history.g a female president. >>> dow is up 14 points. treasury yields creeping higher. mortgage rates hitting a seven-year high. is this signaling a new era for the markets? joining us is former wells fargo chairman and ceo. with oil hitting key higher levels, is that a big threat to the overall stock market >> i think it could be. i think it won't be in the sense that the reason these increases are occurring is because there is confidence in continuing economic growth. as you know profits were double what everyone expected by analysts in the first quarter. and if we achieve the three percent growth that is likely to be the case in the second quarter for the rest of the year i think you will see rates increase from where they are today by 40 to 50 basis points by year end. >> what about mortgage rates specifically with your history with wels fargo? you have had a good eye into how they react to the rate shock. is the housing market at risk? >> if you really believe mortgage rates are going to

malaysia's stock exchange resumes trading today after being closed immediately after last week's shocksult, and all eyes will be on how its new prime minister said they would get rid of the goods and services tax. the economy has stabilised and while many analysts are concerned, the chief economist says he has a lots of confidence in the economy moving forward. it will mean lots of opportunities for malaysia and businesses. the main problem with chinese investment in malaysia is that most projects had chinese investors doing the construction work. these companies we re construction work. these companies were essentially cut out, so they will now get an opportunity to get back into business. that is going to be positive. in addition, lots of malaysian companies likely white dear, they haven't invested much in malaysia over the last 20 years, they have invested overseas. now they have invested overseas. now they will be looking to go back in. the fact that robert kwok is part of the new council of elders is a symbol. we already have a well-known businessman, tony fernandes, apologising f

zone's third largest economy since stocks in the euro tumbling after big falls in milan the german stock exchange showed signs of the fear also coming up. remembering the deadliest racist attack in germany's post-war history a german chancellor leads the commemorations alongside the woman who lost five members of her family in a hate crime twenty five years ago in the city of song and close it looks as if one of the world's great aviation mysteries school were mean just that the mystery authorities have ended the four year hunt for malaysia airlines flight m.h. three hundred seventy but families of the two hundred thirty nine people on board still want answers and will talk to one of them in india. on leyla iraq thank you very much for your company everyone we begin the show with the a political. turmoil in italy which is deepening and causing a ripple effect through the eurozone and a sign of growing concern over the crisis unfolding there the european union's budget commissioner has issued a veiled warning the entertainer has advised italians that it would be dangerous to vote for populists in

put a time frame on when american stock market will be totally private there will be no public stock exchange in seventy seven years they said an analysis by j.p. morgan found that at the current rate of stock buybacks all else equal i east zooming no new stock issuance the s. and p. well l.b.o. itself in about seventy seven years while in other words they are doing some basic analysis to figure out at what point these stocks are completely gone from the public domain but i think that the timetable needs to be accelerated to maybe five or ten years and i'll tell tell you what because we are now experiencing the end of a thirty year bull market in bonds which means you are entering a period of rising interest rates and so the urgency to get deals done before that any cost is applied toward financing whatsoever needs to happen quickly so i predict in the next twenty four months you're going to see the biggest wave of mergers and acquisitions ever in history by a factor of ten as just thirty or forty percent of everything that's traded out there gets gobbled up and taken private so now we're goi

put a time frame on when american stock market will be totally private there will be no public stock exchange in seventy seven years they said an analysis by j.p. morgan found that at the current rate of stock buybacks all else equal i.e. assuming no new stock issuance the s. and p. well l.b.o. itself in about seventy seven years while in other words they are doing some basic analysis to figure out at what point these stocks are completely gone from the public domain but i think that the timetable needs to be accelerated to maybe five or ten years and i'll tell tell you what because we are now experiencing the end of a thirty year bull market in bonds which means you are entering a period of rising interest rates and so the urgency to get deals done before that any cost is applied toward financing whatsoever needs to happen quickly so i predict in the next twenty four months you're going to see the biggest wave of mergers and acquisitions ever in history by a factor of ten as just thirty or forty percent of everything that's traded out there gets gobbled up and taken private so now we're goin

put a time frame on when american stock market will be totally private there will be no public stock exchange in seventy seven years they said an analysis by j.p. morgan found that at the current rate of stock buybacks all else equal i east seeming no new stock issuance the s. and p. well l.b.o. itself in about seventy seven years while in other words they are doing some basic analysis to figure out at what point these stocks are completely gone from the public domain but i think that the timetable needs to be accelerated to maybe five or ten years and i'll tell tell you what because we are now experiencing the end of a thirty year bull market in bonds which means you are entering a period of rising interest rates and so the urgency to get deals done before that any cost is applied toward financing whatsoever needs to happen quickly so i predict in the next twenty four months you're going to see the biggest wave of mergers and acquisitions ever in history by a factor of ten as just thirty or forty percent of everything that's traded out there gets gobbled up and taken private so now we're goi

this is they're seeking money from investors who had not ordinarily go to one of those legacy stock exchanges they're not going to crypto investors and i c o i think partly also if you understand the whole chip making industry and the mining making mining equipment their number two this company they have fifteen percent of the market number one is bit mean and essentially you know maybe cryptocurrency investors might know you can't compete with bit maine even intel can't compete with maine as marshall long told you in their previous interview so maybe they're like trying to exit the business because at one time but making my own one hundred percent of the market well it's different than owning crypto you know if you're buying a miner and there's a lot of different risks associated with that and i think your warning is prudent for people who think that they're getting into a crypto you know you know you're getting into the mining aspect the hardware a piece of drift and it has a completely different risk profile but as all was. tore they aim to begin trading in july they are also a chinese bas

down 56 points at the new york stock exchange.her update on how the markets are doing when we come back. only marshall tuck will change that. year after year, policians fail to improve public schools. tuck turned around failing schools, raising graduation rates 60%. marshall tuck for state superintendent. marshall tuck. hey, want thedone.est internet? and now, xfinity mobile's included. you could get up to five lines. you could save 400 bucks or more a year, which you could spend on a funk-tastic music video. ♪ dance party boom. ♪ simple. easy. awesome. get started with xfinity internet, with three times the speed of at&t and directv, and tv for $35 each a month for a year when you buy both. and ask how you can save with xfinity mobile. click, call or visit us today. >> the warriors are flying back home today from houston on the brink of elimination. last night the dubs lost game five to the rockets, 98-94. golden state needs to win tomorrow night at oracle to force a game seven in houston and then win that, too. >> all right. the

our bob pisani is live at the new york stock exchange with all the details. >> high dividends are note decline in stock prices for consumer companies, for retailers and car companies has created compelling opportunities for dividend investors but are the investments safe it depends on which ones you're talking about. at&t traditionally pays a high dividend. but some big names in these groups now pay a dividend north of 5%. that's more than twice the s&p 500 which is about 2% it includes ford, philip morris and macy's. there's other consumers names out there like general mills and even general motors. they all play respectable dividends twice the s&p. so how safe are all these dividends? the dividend pay out ratio. the amount paid to stockholders relative to the amount of total profits. if you had 30 cents paid out in dividends, the pay out ratio is 30 cents. a high payout ratio might sound good but it could be a warning sign that the dividend is unsustainable. so people who buy stocks for dividends do not want the dividends cut because they depend on the income stream. let's take a lo

the economy there in italy let's look to investors in the united states mint mostly new york stock exchange and nasdaq all that trading is done by robots but those robots act on behalf of the ordinary investor and for pension funds and things like that but they're also v.c. funds and they've been well the entire economy is movie based now enjoy it while you can overall seventy six percent of the companies that went public last year were unprofitable on a per share basis in the year leading up to their initial offerings according to data compiled by jay ritter a professor at the university of florida's warrington school of business that was the largest number since the peak of the dotcom boom in two thousand when eighty one percent of newly public companies were on profitable of the fifteen tech companies that have gone public so far and twenty eighteen only three had positive earnings per share in the preceding year according to mr ritter so they talk about it or air b.n. b. we work until body makes money they have massive losses they go public they still don't have earnings air b.n. b. is

stock market i would actually respect that i would if it were right there on the front of the stock exchangejust said put your money into stocks bargain the only way you going to make money is if you find a. way to buy whatever stocks you just bought but there are new put a number of. this gravy train is powered by morons so you got another to worry about. if it said that i'd be all in i would have to work. with the guy. that our dog market is a house of cards built on idiocies stacked on spiderwebs hanging tenuously from the hindu berg is actually kind of a big deal you know think about this as of september twenty seventeen the nasdaq in the new york stock exchange had a combined value of over authority trillion dollars this means investors believe they are entitled to thirty trillion dollars in real money with only one point six trillion dollars of cash circulating in the u.s. economy and three point eight trillion in. existence in the entire u.s. economic system only three point eight trillion in hard cash which means the stock market is built mostly on nothing like jared cushier it's bui