The dow down by almost 1,000 points the decline of 1. 8 . S p by over 8 the nasdaq a miracle come back after a laydate rally weve been bouncing around positive territory right now, the dow down around 14 points, s p up about seven points and the nasdaq up about 70 points. We are talking about a town month for the markets, we are looked at four sessions in a row. Thats the longest losing streak looking at these numbers, you are talking about these lower numbers. Month after month i think we had april, may, june, july, august are all up. Stocks only go up not in september. In an Election Year it can take on significance. The nasdaq can move. We can see it down 400 or more points can that close higher again today . Thats a good move you could look at it midmorning and then it seems like it is not the tale at this point kind of the log. Faang, tesla and the leadership move. Apple made the rally yesterday too. Gold is supposed to go up bitcoin, supposed to go up weird. Thats where you think
Were going to get smarter on that with our guests this hour take snow dflake, that recordbreaking debut you heard about all morning, priced at 120 now indicating 19 to 195 the largest software ipo ever. Their thesis, a new way to work with data in the cloud those indications as i mentioned way above the ipo price. The ceo joins squawk alley right after the first strad. And theres adoe bee ahead of last nights earnings. They reported 15 Revenue Growth the best q3 in the companys history. Stock is taking a breather in the early trade. Well ask ceo about that in just a few minutes. And dont forget about apple its mac and ipad lines got a boost from work and learn from home imperative. Major Tech Companies like apple are leaning into the work, learn and kperds from home phenomenon. The new way of working is rich the real question here, guys, is future upside already baked into these valuations, carl boy, just look at those snowflake indications. We went into this morning, jon, looking at h
Count out jail time for colton underwood. And our first guest, hows that covid test . Deeper into my nose than any finger has ever ventured before. E. T. Starts now. And we begin with has passed aw after a 20year battle with throat cancer. Eddies son with Valerie Bertinelli, confirmed the news, saying my heart is broken and i dont think ill ever fully recover from this loss. Once a heavy smoker and drug user as a result of the cancer, he had surgery to remove a third of his tongue. Get on your feet for the mighty van halen. The band sold more than 80 million albums. Eddie, the lead guitar player. His brother, alex, the drummer. He married Valerie Bertinelli in 1981. E. T. Visited their home when they were newnewlyweds. Gets me in a lot of trouble. Its a long time. Americas tv sweetheart and the bad boy were married for 26 years. They divorced in 2007, but remained friendly. Valerie was a guest when he married his second wife in 2009. Every two years, eddies son joined van halen as the
Well keeplowing ts throughout this newscast. Im ann macko vick live at the news desk. And we are waiting for a News Conference that is about to begin with dr. Mark galley, the states top health official. And he is going to be talking about movement we saw from california. Moving from more restrictive. To a little bit of loosening of the rules. This is where were going to find that live feed. But i want to show you the updated map of some of the changes that just went into effect within the past hour. You can see there in the bay area, we are in the purple or red tear. Depending where youre in. Some purple counties moved into the red in this last restrictive tear of reopening. They are solano. They join santa clara, marin, and napa counties, which has been in this second tier. Where risk is substantial. Some northeast parts of the state as you can see there on your map, are now moving into the orange and yellow tier systems. The states system on all of this was announced about a month a
Questions, i think, heading into this new month is can big tech stage a big rebound because september was fairly dismal. Apple was down more than 10 alphabet down 10 microsoft down almost 7. Amazon down almost 9 facebook down 10 y do you see all those pull backs represent consolidation. That up trend remains thoroughly undisturbed. I really dont think profit taking and consolidation the month of september end up being meaningful i could be wrong thats the way i would think about it 42 of stocks in the s p five hundred are above their 50 day more than half of the market is not. The consumer stock, Consumer Discretionary looks incredible equal weight retail looks great. Anything that has to do with the consumer looks pretty darn good. The big trends are all in place. Target, new highs. Walmart looks like it wants to break out again. This morning i heard 11 of americans are now already paying for walmart plus they rolled this thing two weeks ago. They have 11 of the country as m paying me