Good thursday morning. Welcome to squawk alley. Im jon fortt with carl quintanilla. It is cloud week on squawk alley. If you were betting against snowflake, wur oyoure out in t cold this morning. That stock up is 12 same for Cloud Security and authentication specialist okta were going to talk to the ceo to see if this thing may stabilize from here or go higher splunk, that is the sound of a cloud stock dropping 22 after missing Sales Guidance for the third quarterer in quarter in a row. All this happening as amazons cloud conference is in full swing. Salesforce announced the second Biggest Software acquisition ever and we started the week on squawk alley talking to ibm president Jim Whitehurst who came to big blue in what and is still thelargest Software Acquisition ever redhat driven by a hybrid cloud. Julia, investors are betting on further growth from already heady levels we can certainly see that in what is happening with snowflake this morning it is reapproaching the highs that so
Its most exposed groups in a Mass Campaign before safety trials are complete. Simply. A capsule carrying asteroid samples that explain the all engine all the life touches down on a. Bus a month before the deadline to reach a post brags a trade deal the u. K. And the e. U. Are still at all but his promise about us johnson and European Commission president von delenn admits that major differences remain but the 2 leaders have told negotiators to keep talking. We welcome the fact that progress has been achieved in many areas nevertheless significant differences remain on the 3 Critical Issues level Playing Field governance and fisheries both sides underline that no agreement is feasible if these issues are not solved. And whilst recognizing the seriousness of these differences we have reached that a further effort should be undertaken by our negotiating teams to assess whether they can be these issues can be resolved and that in baba has more on the negotiations theres been a lot of talk
Pandemic to help Small Businesses just in time for christmas. And the lights turn on but everyones at home a quiet start to christmas celebrations in bethlehem as coronavirus restrictions keep the crowds away. Welcome to the program what was meant to be a rally to back to Senate Candidates has turned into an opportunity for donald trump to once again falsely claim that he won last months president ial election and hes been campaigning in georgia for 2 republicans who are up for runoffs next month this month sorry the poll will decide which Party Controls a state. Which the u. S. Senate pardon me but trump spent much of the time criticizing democrats and georgias republican governor who refused to endorse a substantiated claims of voter fraud in the president ial election. I want us correspondingly how good how small from the rally. His 1st since joe biden was declared the winner of the nov 3rd president ial election still donald trump says that he is not giving up on challenging and tr
Keep the crowds away. Therefore they cannot touch. Touch down for a capsule carrying samples from a distant asteroid the scientists hope could explain the formation of the universe. Welcome to the program what was meant to be a rally to back to Senate Candidates has turned into an opportunity for donald trump to once again falsely claim that he won last months president ial election hes been campaigning in georgia for the republicans facing a run of votes next week next month possibly the poll which decides which Party Controls the u. S. Senate but trump spent much of the time criticizing democrats and georgias republican governor who has refused to endorse his unsubstantiated claims of voter fraud in the president ial election our white house caused by. From the romney. Its his 1st raleigh since joe biden was declared the winner of the nov 3rd president ial election still donald trump says that he is not giving up on challenging and trying to overturn those results and win a 2nd term
Rotation this hour plus, there is still one over big overhang for stocks and that is covid cases spiking, cities shutting down. Well talk to one of los angeles biggers playest playert retail, dining on power lunch right now. Thank you, tyler. The markets are off to the races with the dow topping 30,000. This time its not big tech leading the way. Dom chu is looking at the rotation pro tellipelling us hi. Lets talk about the gold star right here. 30,117 is the intra day record so far that was the high of the day at the pandemic lows, intra day we were talking about 18,214 weve gone up roughly 65 since the pandemic lows we saw back in march. Something to keep an eye on when we talk about the dow industrials and. Talk about whats happening between growth and value take a look in just the last monthtodate period we have now seen a real outperformance in some of those value stocks just in the month of november. Well see if that trend continues with that orange line picking up steam with the