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Jim Bianco, Founder and President of Bianco Research, on his current market outlook. Crystal Tse, Bloomberg IPO reporter, on the new SPAC barons, from Bill Ackman to Billy Beane. Timothy O'Brien, Senior Columnist for Bloomberg Opinion, on his column: "Of Course Trump Couldn’t Resist Bob Woodward." Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, on the coronavirus: flu season, AstraZeneca vaccine trial pause, and the China vaccine. Hosted by Paul Sweeney and Vonnie Quinn.
Gordon Johnson, Managing Director at Vertical Group, on US steel markets and pending impacts from Trump's trade war: more pain ahead. Jim Paulsen, Chief Investment Strategist at Leuthold Group, on his current investment outlook and whether a recession is coming. Alberto Gallo, Partner and Portfolio Manager for the Algebris Macro Credit Fund, on how assets are reacting to Boris Johnson's Parliament gambit and Italy elections. Drew Singer, Bloomberg IPO reporter, on Peloton's IPO filing. Hosted by Lisa Abramowicz and Paul Sweeney.
Jerry Paul, Portfolio Manager at Icon Advisers, discusses his value oriented bond management approach. John Love, CEO at US Commodity Funds, describes how to use exchange traded funds to invest in commodities. Bloomberg IPO reporter Alex Barinka breaks news on Spotify listing shares on the NYSE under the symbol “SPOT.”Spencer Soper, Bloomberg News Tech Reporter, explains why gun-control activists are demanding that Amazon pull NRA TV from their streaming service. We Drive to the Close with JJ Kinahan, Chief Market Strategist at TD Ameritrade. Cory and Pimm Fox recap today’s “Movers and Shakers” and Bloomberg Stocks Editor Dave Wilson has his “Stock of the Day.”
Jerry Paul, Portfolio Manager at Icon Advisers, discusses his value oriented bond management approach. John Love, CEO at US Commodity Funds, describes how to use exchange traded funds to invest in commodities. Bloomberg IPO reporter Alex Barinka breaks news on Spotify listing shares on the NYSE under the symbol “SPOT.”Spencer Soper, Bloomberg News Tech Reporter, explains why gun-control activists are demanding that Amazon pull NRA TV from their streaming service. We Drive to the Close with JJ Kinahan, Chief Market Strategist at TD Ameritrade. Cory and Pimm Fox recap today's “Movers and Shakers” and Bloomberg Stocks Editor Dave Wilson has his “Stock of the Day.” Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Stitch Fix is going public, confirming Bloomberg’s scoop from back in March. The online delivery company collects information on customers’ style, size and price preferences and sends users five pieces of clothing for a $20 fee. And guess what? It’s profitable and has had steady revenue growth, with annual sales of $977 million in the year ending July 29. That’s what makes Stitch Fix so unusual, according to Bloomberg Gadfly columnist Shira Ovide and Bloomberg IPO reporter Alex Barinka. In an era of cash-burning, unprofitable startups that push to IPO, Stitch Fix stands out as a professionally run business, founded by CEO Katrina Lake, with a clean balance sheet.
For U.S. IPOs, 2017 has been the year of the flop. Blue Apron has tanked since it started trading last month. Shares of Snap fetch less than $15, the lowest since its debut in March. And the Bloomberg U.S. IPO index has risen just 1.5 percent this year, underperforming the S&P 500's 10 percent gain. What's going on? Bloomberg IPO reporter Alex Barinka joins host Alex Sherman to explain the lackluster performance of Blue Apron and Snap, and how MuleSoft and Canada Goose have avoided the same fate.
Salient's Ben Hunt talks about how the Fed's new "reaction function" to data won't be as investor-friendly as was before. Stephen Gandel, a Bloomberg Gadfly columnist, tells Pimm Fox why there's little reason to fear an "Amazonopoly" with the Whole Foods deal. Bloomberg IPO reporter Alex Barinka talks about Blue Apron's IPO and how the Amazon-Whole Foods deal may have impacted the offering. Finally, Bloomberg's Yalman Onaran discusses how easier bank stress tests could mean U.S. banks will put about $30 billion more cash in shareholder's pockets.
Snapchat (OK, Snap Inc.) has hired banks to run its initial public offering. Morgan Stanley is running the show, a return to potential glory after fumbling Facebook's IPO. Meanwhile, Twitter, whose IPO with Goldman Sachs garnered praise, is publicly stumbling in its quest to find a buyer. Bloomberg IPO reporter Alex Barinka tells host Alex Sherman why Snap is looking to both social media companies for lessons -- not just on how to go public but how to operate as a public company.
The numbers speak for themselves. So far this year, just 70 companies sold shares to the public for the first time. That's half the pace of last year and a fraction of the 213 IPOs during the same period in 2014. Why are companies staying private longer, or selling themselves, instead of going public? Does 2017 herald a revival of the IPO market, or should we expect more of the same? Bloomberg IPO reporter Alex Barinka explains to host Alex Sherman why companies decide to go public and what's on tap for next year.