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
Maker warns of the fraught macroenvironment shares of Deutsche Post jump fuelled by continued growth in e commerce and rise in german p t postage prices and dialing up. A 1. 4 billion Share Buy Back shus shushs pushes to the top our top story today is all about autos. President trump is expected to delay plans on tariffs for another six months according to multiple media reports. The Trump Administration has until wednesday. The white house declined to comment to cnbc but renault has driven the sector lower. Shares are driven the sector lower after six years after cutting the top and bottom line out look the giant has lowered sales for all key markets for japan and europe and slashed the market broadcast. This after the second posted job and hit by lower demands on uncertainty following the outing of carlos ghosn. Meanwhile, feeling the weakness cautioning that it does not expect the sector anytime soon the chip maker does not enjoy the guidance adding that it is fraught with uncertain
Pushing closer to belmawr and surf city. Cape may is beginning to dry out. Atlantic city a few light sprinkles and obviously all this improving. We have seen a dropping of the Flash Flood Warning that was in play around philadelphia and trenton. Waters on local creeks and streams are receding. Cape may county has this in effect for probably another halfhour because of the heavy rain that has just recently pushed away from you. Temperatures are warm, 77 degrees in philadelphia. 74 in millville. Better in allentown, 69 degrees there. The notice how the winds are turning out northwest up in the northern and western suburbs. That has dropped the humidity level. 60 is the dewpoint. That northwest is something well all feel as we go through the morning. 7 degrees by 6. 76 by 8 00 a. M. Partly sunny overall, high of 88 probably around 3 00 p. M. Matt pellman the weekend call is coming up. Storms were not too bad at my house, unless i was really sound asleep. There were bad in some areas, we h
It is that chilly. 34 degrees. Northwest winds began to come in yesterday and the showers off and on and a strong cold front through yesterday in the amp. By 5 00 the temperatures were around 50 degrees. The proximity of Lake Michigan is keeping the shore temperatures a touch warmer. 34 watertown. 40 coming in kenosha. 37 at elk horn. Fair skies. The moon was hanging in the west sky this morning. The frost advisory in place except for the shore areas. This is a patchy frost. Clear and crisp this morning. Climbing up to the mid 50s and buckets of october sunshine. When youre on the go, take the weather watch 12 forecast with you. Just download the wisn 12 news app. Its free for your smartphone or donald trump is dealing with more controversy this morning after two women accused him of sexual assault. We have listen learning new information over night. Tim, those two women came forward and told their stories to the New York Times. Trump is now threatening to sue the newspaper. Both these
Trump must win to save any hope for the presidency. He continues to speak about what he refers to as phony polls put out by the phony media. Trump says theyre polling democrats the system is corrupt, and its rigged and its broken and were going to change it. Donald Trumps Campaign is also focused on post election issues, with new Jersey Governor Chris Christie leading the trump transition team. Meanwhile Hillary Clintons team is looking to help her party take back the senate. sen. Elizabeth Warren D Massachusetts donald trump talks a big game about how the game is rigged. Lets be clear, donald trump is right. The game is rigged. Its rigged for guys like donald trump. And i say its time to fight back. Maggie says its time to fight back, hillary says its time to fight back. That was senatory Elizabeth Warren a Key Senate Seat is up for grabs. Some pollsters say the clinton campaigns strategy might be a smart one. While republicans hold the senate now. The rift in the gop has left some se