John Tucker

SpaceX's IPO set to price tomorrow and trade on Friday.

And as of right now, it's way oversubscribed.

The demand is about $250 billion, more than three times the $75 billion SpaceX is trying to raise.

Banks leading the IPO, they're expected to stop taking orders from institutional investors after the market closes today.

The retail investors, they can still submit orders beyond tonight's deadline.

The company allocating as much as 30% of the offering to regular folks.

Shares in the company will trade on the Nasdaq under the symbol SPCX.

In New York, I'm John Tucker, Bloomberg Radio.

And good morning, Karen.

That's because President Trump became the first sitting president to attend an NBA finals game.

And when he was shown on the video screens at Madison Square Garden during the national anthem, he got a frosty reception.

Well, NBA Commissioner Adam Silver called the president a genuine Knicks fan.

It was already hard enough for Knicks fans to get inside MSG because of astronomical ticket prices.

Now they lined up to get inside the arena for more than four hours before a tip-off.

It was a scene more closely resembling New Year's Eve in Times Square.

In New York, I'm John Tucker, Bloomberg Radio.

And good morning, Karen.

Democratic Socialist City Council member Nydia Rahman has jumped ahead of Republican reality TV personality Spencer Pratt.

Rahman initially trailed Pratt by eight percentage points, but she closed the gap as the mail-in ballots were counted over the weekend.

And Decision Desk HQ is now projecting her lead will hold and that she's going to face Democratic incumbent Mayor Karen Bass in November's general election.