. >> shares of tempur sealy are up today. mattress firm is set to file for bankruptcy this week, and tempur piec sealy would benefit from less competition. >>> tim cook said apple would be open to some level of government regulation, and says apple is not in the business of selling private data >> the narrative that some companies will try to get to you believe is that i need your data to make my services better don't believe that >> the company came under fire this year after th decision to host users icloud accounts inside the country, and that could give beijing access to users data. >> enkrupp shin encryption in the world is the same for us we don't design encryption for the u.s. and do it differently everywhere else. it's the same. it's encrypted in china. i can't produce the content. i can't produce it in the united states either. if you lock your phone in china, i can't open it. >> shares are up more than 35% this year. we talked about the issue of the cloud service that moved to china and why they did that and how they

how does this play out the immediate reaction was to see tempur sealy shares skyrocket. >> sure.60 days with 700 or so fewer stores open. primary reason they want to file for bankruptcy production was to be able to exit operating leases that are dragging their profitability. so should emerge as a better company. however, a secondary issue for this firm is their merchandising. they have had a problem for the last year and a half that will see the tempur-pedic back in stores >> when tempur sealy's shares first skyrocketed it was because maybe they'd have other options. these two will come together, have a better position that makes you think what about tempur sealy shares given all the other competition out there. >> no doubt about it there is some negative secular changes happening in the industry for the industry. brands still matter in the u.s temp tempur-pedic has a product which is superior to the rest out there in the eyes of consumers and they were selling $670 million worth of product to mattress firm in 2016 before they divorced, so to speak, that relationship. >> who's th

. >>> and shares of tempur sealy jump on news that mattress firm is filing chapter 11 >>> on deck, aouble dose of ipo news for you two big-named companies pushing towards their public debuts. >>> and a huge meeting of the minds taking place now in tel aviv, israel we'll sit down with the hedge fund managers making a bet on power. he'll bring you his p cktopi when we come back. >>> good morning 5:13 in new york city and on the east coast you are close to having two new fun companies to invest in the theme is worldwide first up, tencent music. it's a streaming music company the spotify of china it is going public it would like to raise $1 billion. reuters says that listing will likely be on the nasdaq. >>> and james bond's favorite car making its debut on the london stock exchange. that's aston martin. shares tumbling on the first day of trade they priced at nearly $25 equivalent u.s. share giving it a market value of nearly $6 billions >>> some of the world's top investing minds are gathered in israel at the sone conference. we do it here, they do it there as well. they are revealing