Good morning, it is midnight in beijing its 11 00 a. M. On wall street and squawk alley is live. Good friday morning welcome to squawk alley. Im jon fortt with carl quintanilla. Its the end of cloud week on squawk alley. What a week its been. They have brought news on custom chips, Machine Learning and more sales force announced plans to buy slack for nearly 28 billion in the second largest Software Deal ever. Weve had ibm and microsoft weigh in snowflake and others have turned in blah earnings well hear from the ceo this hour what does it mean for investors already sky high investor malic noijoins us now i cant believe we never had you on squawk alley before i hope this is a trend i want to start with sales force slack. I know that you have known stu butterfield for a long time, even before flicker was a hit. You think this very expensive deal makes sense why . So lets remove the price out of the equation. I think what youre looking at right now is in 2020, we have gone from the idea
The fed warnings on risk theres a lot to watch the and an airbnb ipo is now officially in the works. You were just talking about becky about claims and this onagain narrative, the split between Public Companies and smaller businesses. When you keep thinking about what target said, brian with a tour deforce performance, talking about taking 5 billion in share you know he took it from somebody i keep thinking about that, thats the 5 billion that probably would have gotten into Smaller Companies that dont trade or companies that are starting to lay people off or file bankruptcies. The i call to attention estee lauder today you dont expect that perfume or skin care gets hurt. Hopefully lipstick sales are better usually when other things are weaker were not seeing that. Were ripe for stimulus, but nobody is talking. Yeah, jim, thats interesting, estee lauder layoffs, american dropping 15 minutes. But covid cases are lit rally collapsing shouldnt this be going in the other direction . Yes, b
we will look at taiwan in the moment and the implications of nancy pelosi s trip there. we start with oil and the impact high prices is having on the global economy. nearly every country is struggling with the climbing cost of oil and gas as it fuels inflation and households struggle to pay bills so much so that president biden visited saudi arabia last month to persuade the major oil producer to increase supply and cool soaring prices. saudi arabia meets today with the other members of opec plus to decide on their next move. our middle east business correspondent sameer hashmi has more. another opec plus meeting but this one is a crucial one that comes with them if as of august producing the same amount you are back most members of opec plus in the uae only to members which have limited spare capacity. that boils down to them whether they will be able to boost production substantially to balance the market and bring down oil prices. it s very unlikely they are going to mak
Sweltering airport. And we have two sheldons here today. But we begin with the look at todays eye opener, your world in 90 seconds. They are making a lot of money. Im not begrudging anything but im saying they have to respect our flag. The nfl reacts to President Trump. Because of our position we get drug into im callingous players s. O. B. S. They have to the right to speak out. Players have the right to free speech off the field. I could only imagine how hor fied they were. A deadly shooting outside of nashville. Police say Emanuel Samson opened fire. We cant let acts like this interrupt our lives. The effort to dismantle obamacare may be on the ropes and the clock is ticking to reach a deal before the end of the month. Officials in puerto rico are getting a clearer view of the destruction left behind by Hurricane Maria. The outer edges of Hurricane Maria were actually scraping the east coast of the United States. The death toll from tuesdays powerful earthquake in mexico continues t
Ashore. Plus we have not sheldons today. We begin with todays eye opener, your world in 90 seconds. Theyre making a lot of money. Im not begrudging anything. Im saying they have to respect our flag. Im pissed off. Ill be honest with you. Calling our players s. O. B. S and all that stuff. Everybody ha ahs a right to speak out. I cant imagine how horrified they were. Police say Emanuel Samson is the man who opened fire. We cant let acts look this interrupt our effort is. The plan is on the ropes. Officials in puerto rico are getting a clearer view of the destruction left by Hurricane Maria. The outer edges of Hurricane Maria actually scraped the east coast of the United States. The death toll from tuesdays powerful quake in mexico continues to climb. A deadly aftershock called more damage. All that a partygoers snapchatting in the elevator when in walks bill nye the science guy. And all that matters has this changed you . No. Wait a minute. I say, youve had a great life, old man. Youve a