you mentioned wework. airbnb is another one impacting the hotel space.re is new business models as well. gaming is an interesting one. we have seen mgm and caesar's both do what we would call a o p-co split. the reits that have resulted from that are really interesting, we think misunderstood in the public market, something we are pursuing in our active fund. amber: thank you for joining us for your thoughts and insights. now onto an ipo that is hoping to take up a lot of real estate on your dinner plate. is on meet -- beyond meat getting ready to report after the bell with shares quadrupling after last week's ipo price. investors will be watching closely. what are we expecting from this company that now garners a nearly $6 billion valuation? beenyond meat has only public for about a month, but they gave us some clues on what we should be looking for. preliminary numbers they disclose was about ordering million dollars in sales, $10 million in gross profit for the first quarter. investors will be watching for what else there is, especially with the stock

the business communication app joins uber, lyft, wework and pinterest to go public.more than 200 initial public offerings lined up in 2019, are we seeing signs of the same tech bubble that burst two decades ago? we bubble that burst two decades ago? will be getting also in the programme... bubble that burst two decades ago? north korea welcomes bubble that burst two decades ago? china's president xi today — a hugely important visit for a country so dependent economically on china. and the markets in europe are all heading higher, following the lead from asia and wall street the night before, we will tell you all you need to know about the latest fed decision. tradition meets technology — the remarkable turnaround tale of german camera—maker leica — whose most famous fan is the queen. today we want to know — hong kong's richest man will pay students fees at a chinese university. is philanthropy the way to support students and pay their debts? let us know — just use the hashtag bbcbizlive hello and welcome to business live. very packed programme to date. so let's get s

we have already seen the likes of uber, lyft, wework and pinterest, with aianb set to list later thispite the early euphoria, shares of uber and lyft have struggled since their market debut. uber‘s now just below where it started last month and lyft has lost 11%. their prices at $72 and down as well. so, will investors keep buying into loss—making firms in the hope they will make it big? we spoke to one fund manager at the time of the uber ipo. he said people in his industry can't be seen to be missing out. if you are making money for your clients and don't have enough of the stocks, the funds are not going fast enough, you feel you have two participate a little bit. we have rising stocks that have so much momentum that they are hoping to get to the moon! think that has become a very dominant feature of the market at the moment. let's get another view. lomax ward is partner and co—founder of the technology venture capital firm luminous ventures. good morning. this is a market flotation fest for the likes of you. are you excited about app slack? we actually use it ourselves and it has

r weworking together to do just that.nging you more great tasting beverages with less sugar or no sugar at all. s, smaller portion size clear calorie labels and .minders to think balance because we know mom wants what's best. more beverage choices, smaller portions, less sug. balanceus.org . >>> tonight historic step makes a visit into byrth korea invited kim jong-un. >> we went and met at the line and in meeting at the line i ou said would y like me to come across? bhe said i would so honored. >> inside the sudden scramble to pull off the meeting the newly minted press secretary bruised. and questions about wh happens next? >> breaking news, a deadly plane crash in texas. an aircraft goes down at an airport into the hang killing 10 on board. >>> fighting back, democrats blast comments shared by donald trump jr. questioning kamala

wework >> you're close to the ceos.as thinking about having those ceos come down here, sit here. >> i hope they will. i expect they will on the days in question. that could be some time away still. those are going to be very important. >> they are. do you think adam? do you think adam newman will -- will wework come here? >> yes. >> we have to have -- >> we have to dress funny and have a circus? remember musk? >> elon musk all week. >> some of my wags are saying it is butane. and it is used to be able to help get gasoline, close the gasoline plant i still believe people are buying gasoline stocks please be careful. i don't know i we can talk about some of these things >> i look forward to it. >> do you? >> we'll get that after the break. jim has a lot of options this morning. futures are still in the red we're back in a moment with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long t

people out there, we've got poshmark, that big peer-to-peer fashion site, casper, peloton, postmates, weworkthe words of one, you will need your head examined if you don't want to go public. >> any of those making money >> we're a little bit controversial, because it's really a real estate play. it's a real estate play. so that one's a little bit -- but posh jb mark is out there. their competitors go well. postmates, they do online food and goods delivery and casper is the online mattress firm. so they're all out there they're doing well >> i think what's notable is the fact that year-to-date, every sector in the s&p is higher. and quarter to date, everything else is higher as well it's not like we've necessarily seen great rotation out of what already exists in these new names. >> and what i mentioned the other day is the bigger companies are getting bigger and bigger we have $500 million more in market cap and if you look at what moved the s&p this quarter, five companies were 30% of the campaigns that we had in the s&p 500. microsoft alone is, was more than 5% of the gains for the s&p 500

it's unique but successful, direct listing of slack for the next silicon valley unicorn, airbnb, wework could follow. >>> and the banks getting a checkup in about 90 minutes. raymond james' ceo is here exclusively to tell us if he's stressing about the stress test. we are less than an hour to the closing bell on wall street. the end of a pretty good week for the stock market. lots of news this week. i'm lauren simonetti in for liz claman. let's start the "countdown." lauren: we need the show you these images from earlier today. firefighters are still on the scene of a fire at the largest oil refinery on the east coast. after explosions rocked the philadelphia energy solutions refining complex in the predawn hours. minor injuries were reported. no cause of the fire determined but this complex refines crude oil into gasoline and officials say the fire damage could shut it down for an extended period, which may result in higher gas prices on the east coast just in time on this first day of summer for the summer driving season. let's take a look at this. futures rose sharply as a consequenc

the norm that success means a lot more ipos coming down the pike in 2019 look at the candidates, wework, peloton, even airbnb back to you. >> thank you very much investors will be closely watching the outcome of the trade meeting between president trump and president xi at the g20. kayla tausche is in osaka, japan, with the latest kayla? >> reporter: that meeting is expected to produce a ceasefire of sorts, similar to the one that was reached at the g20 in argentina. this one could potentially be open-ended according to a senior administration official. one thing is interesting, this truce is contingent on both leaders' flexibility to entertain each other's proposals in future negotiations and that could prove tricky. we know u.s. ambassador la lighthouser has said it will not be balanced. president trump has a triple threat, that 90-minute meeting sandwiched in between a breakfast with the saudi crown prince and the president of turkey where new sanctions could be discussed all of that will be capped off by a wide-ranging press conference guys >> kayla, we also had the president mentio

waiting in the second half of the year, we have names that are like wework, peloton, postmates, airbnb, poshmark the russell will reconstitute at the close. happens once a year. what will happen, it is interesting, all of these ipos we saw, they're going to be going into the russell 1,000 keep an eye on this. you'll see some volume at the end of the day on those particular stocks. a great first half of the year, look forward to the second half. mike, back to you. >> bob, thanks stay on ipos here, really big day for the realreal the online seller of used luxury goods, going public, priced the deal last night. leslie picker is at the nasdaq as we await the company's first trade. >> getting some real investor demand, pricing shares above the range it had been marketing at $20 a piece. the company says it is the largest online luxury consignment retailer where people can sell their used gucci, louis vuitton, for others to buy at a discount th they pay the consigner a commission between 40% and 85% of the value when the item is sold investors i spoke with have been attracted to the realreal

doesn't work this way there's no additional money that gets raised the way uber was raising money and weworkill be raising money. we'll see if it becomes a model. spotify did it successfully. slack is doing it. if there works, there's a question on whether airbnb, the next ipo on the docket in the future, there's a question if they go the same route it has a huge implication for wall street, wall street fees and the ipo structure. >> andrew, good to see you we'll check back in with you in a few minutes. let's check the markets. as joe mentioned you will see the futures indicated sharply higher today dow futures indicated up by 241 points even after the gains we saw yesterday. s&p futures up by 27 the nasdaq up by 97. wall street sort of baking in this idea that rate cuts are coming next month. look at treasury yields. if you check out what's happening with the ten-year. wow. the yield is almost 1% 2.009. >> it was earlier this morning 1.99 >> 2.009%. we'll watch this closely today today could be the day that we see a one handle gold prices surging to the highest level in more than five years

the business communication app joins uber, lyft, wework and pinterest to go public.