Welcome to squawk alley for your wednesday morning im Carl Quintanilla with julia bore steen, mike san tolely with us for the hour dow is lagging down 60 jackson hole tomorrow, of course, were watching hurricane laura, the retailers but mike, crm, continues to astound. We thought 20 gain was impressive its now at session highs of 27 today alone on what bloomberg called the best revenue surprise in a decade. Yeah. Its pretty remarkable obviously the results themselves are emboldening people to say that this was as expensive as the stock has always looked undervalued or misvalued or didnt appreciate the durability of what theyre doing on the market share side of things for the longterm. What is interesting, too, if you look at it compared to some of the other software bell weathers over the last couple years, as big as todays move is, its kind of a catchup if you look at how microsoft and adobe in particular their anointing crm into that class inpenetrable areas that seem like theyre goi
Use and no place for such weapons in canada the World Health Organization says it doesnt believe the coronavirus was manmade the agencys emergencies chief michael ryan said scientists are assured the disease occurred naturally he was responding to a question about u. S. President trumps claims he had seen evidence it came from a lab. We listened again and again and numerous scientists who looked at the sequences looked at this white house and we were assured this was is natural in origin and what is important is that we establish what that natural host for this virus is. And that and the primary purpose of doing that is to ensure that we understand the virus more we understand the animal human. Interface and we understand how the end of the human species barrier was breached and the purpose of understanding that is that we can put in place the necessary prevention and Public Health measures to prevent that happening again anywhere south korea and india have stopped using chinese made r
Financial rescue plan is the government turns to the International Monetary fund for it. Hello president trumps appeared to worsen his prognosis for the toll the coronavirus will now have in the us leaving the white house a short while ago he said he hoped for less than 100000 deaths thats more than his limit of 6270000 from monday also 2nd intervention from the white house today after u. S. Authorities approved that experimental antiviral drugs for emergency use in treating coronavirus patients 1500000 vials of the drug run desa fear will be distributed to hospitals from monday the f. D. A. Gave f. D. A. Gave its approval after a government sponsored study showed the drug shortened patients Recovery Time by about 31 percent. When the president brought the pharmaceutical companies here to the white house you were among them he said we wanted you to move quickly on developing a vaccine but he said develop the therapeutics as quickly as you can we were told d that it was possible that by
Something we havent seen for the dow and s p in more than a ho month and a half to wilfred frost who has breaking news. Hi, morgan. Yes, james gorman the chairman and ceo of Morgan Stanley sent a note out to colleagues that were seen by myself and the content confirmed by a spokesperson at Morgan Stanley, in it he said, quote, 90 of our employees are working from home. As a result the normal bonds created by every day interactions with colleagues have been impacted and im hoping my perspective on the firm and crisis will be helpful and you have all seen the Federal Reserve actions are extraordinary but given the circumstances necessary markets cannot function without liquidity and they have taken real steps to address this critical issue he went on to say, slowly, governments across the world are putting aside their politics to arrive at blockbuster support and stimulus packages. Way too many people have lost their jobs overnight and it is central for government to act as aggressive as