Were learning in the wake of the shocking ipo yesterday where buyers seemed indifferent to the share price if you wanted to buy snowflake, you had to sell something else, which triggered a selloff in the nasdaq, and that spread today, with the dow dipping 130 points, and the nasdaq losing 1. 27 . A lot of people call into question what theyre doing paying such high prices. We saw the spectacle of a stock trading at more than 100 times, not earnings, but sales. Dont get me wrong, snowflake should not be about making money, it should be losing money. It makes sense for management to spend fortunes to dominate the cloud Data Management business you want to win, youve got to spend. Snowflake is not the issue, though the ceo will do everything in his power to deliver for shareholders hes got an amazing track record i totally understand why people are willing to pay for the nose for his stock. I liked it even as high as 125 but i jumd eunderestimated the. I heard that the underwriters were t
Worst day in a couple weeks. The nasdaq snapping an eightday winning streak if we close where we are today bob pisani now has more on the markets. Bob . Very tricky moment here, tyler, right near the 200day moving average technology has the leader whats the problem theres a number of issues the coronavirus story is the most important its not going well. We have infection just outbreaks, some threats from Governor Cuomo to close things down, tariff tensions are still out there. That moved the markets prior to the open valuations are still high. Energy stocks up and then down same with the banks here 12 to 16 honeywell, and then all way back down again. See how similar the stocks are, the inverted vs, and now theyre breaking down a bit more mcdorchlds 180 to 200 theres that v we have to figure out a way back to you theres the dow now, the tristate area closing off borders from visitors out of state. With no plans there to halt reopening. Meg tirrell has the latest details for us meg . Hi
Demand action against russia and made reports a taliban fighters to kill american soldiers it was it is the job and britains Prime Minister is set to lay out his plan to rescue the fragile economy we visit one town where high employment is high to hear what needs to be done. Face a development hong kongs for Democracy Movement feared the most chinas top legislative body has unanimously approved a National Security law to be imposed in the territory of secession subversion terrorism ok lucian with Foreign Forces could lead to a maximum sentence of life in jail critics say the law will be used to stamp out all forms of dissent protests against the new law has been held in the past few hours it follows months of under arrest driven by fear of chinas tightening grip on hong kong the territorys appeal as a major international. Financial center stems from its liberal values and independent course which are now widely perceived to be at risk lets speak to katrina you in beijing for us katrina
Are i asked them what would you like to ask our expert panel its a listen. Why dont we i would play for our friends again. They always do not get no one tonight thats a question that the kids who want to know like big dogs would want to know i want to know when i can play by friends again. You wont get anywhere near it well thank you amy i am sure you have questions as well if youre watching on you to jump into the chat and you can be part of todays conversation. I am going to say hello to the guest the guests will say hello to the he me it is great to have you back on the stream introduce yourself to our international audience. My pleasure for me thank you for having me my name is dr yunus of defections disease physician but 20 years working the coo of the front lines good to have you done to angelenos lovely to see you tell everybody who you are. Thanks for having me here today i mean i may actually rasmussen i am a viral objects to Columbia University i study the host response to vi
Time. And. Playing an economy has and i meant americas response to the south africa nation. In fact its well its. No texas nonsense. That you are are. Youre still on the road you have mr brace post. To testify that my client there are more is a number of fruit in there. And. You dont have any role whatsoever of the investigation of this case that involved the murder of genesis recall right and you have no personal information whatsoever with regard to how this murder took place if. You werent there already noticed you didnt see fired the shots fish. Thing for our caller. Lets talk about some and you were arrested on september 21st 2015 for the distribution of possessions you tend to distribute drugs correct those cases still pending just now been resolved just another pending charge you were arrested on july 6th of 2016 percent harold rath. Thats not yet been resolved i guess as you sit here today testifying on behalf of the scape those 2 pending charges have not yet been resolved that