Amazon partners with an old text stalwart. That is blackberry. How they plan to revolutionize tech. Those stories in a moment. The u. S. Stocks posting another record high amid news of new stimulus talks. They are progressing with a plan to pass by the weekend. Abigail doolittle has more on that. Also, i know you have been following the latest Earnings Results out of snowflake. Shares down after hours a bit. This is a big test for them after their blockbuster debut. Abigail it is. Lots of big movers relative to earnings after hours come snowflake being one of them. With snowflake, what you are referencing is that huge ipo, biggest ipo of the year back in september. This is their First Quarter as a publicly traded company, so they are finding out what it is about to these shares are absolutely plunging in the after hours, down 19 . This is an Application Software company, up just 37 year to date. They have struggled a little bit, and in this quarter they posted a wider loss than expecte
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
Lemonis . And most of all, learn her numbers. Ana listen, guys. I cant give you exact numbers. Lemonis im not going to write a check for somebody that doesnt have their [bleep] together. I wont do it. Im marcus lemonis, and i risk my own money to help businesses. I love investing in american businesses. Woman these people are here because they care. Lemonis its not always easy, but i do it to create jobs, and i do it to make money. Do we have a deal . Lets rock and roll. Man yeah lemonis this is the profit. I was contacted by a miamibased former lawyer named ana quincoces. She has a marinade and Sauce Company called skinny latina. Ana started the business 6 years ago, but so far, she hasnt been able to make the brand bigger than a regional product. The sauce and marinade industry is a gigantic opportunity, but i have two primary questions. Number one what makes this sauce stand out in a crowd . And number two is this a real business, or is this just a sidehustle . Woman Everything Else
Really fight. I couldnt going, i didnt realize at that time, because of the color of my skin. The story of africanamericans in world war ii is indeed a legacy of patriotism and valor. In 1941 americans looked at their world and saw war everywhere. Across the atlantic adolph hitlers german troops occupied nearly every inch of europe from france to russia to the baltic sea and in north africa. In the pacific, the Japanese Army and navy had already captured parts of china, manchuria, korea, and a number of nearby islands. Pearl harbor would soon stun the United States into war. Monday morning, the first thing i did, was go down to the Army Recruiting station to enlist in the service of my country. I was told there was no quota for black troops. Youve got to remember that this country was very discriminatory, segregated, and there was no change. First of all, black sailors, as sailors per se, other than as mess attendants or stewards, werent permitted into the navy. Given the fact that i w
Role in the Vaccine Technology process. Plus a new wave of restrictions across the country, california now mandating a 10 00 curfew, we will get a sneak peek of with ans studio 1. 0 update on the health of american Small Business. Is recoveringsk from covid19 himself, tesla shares improved. They are the peak of good health, shares advancing 21 this week, the company now worth 470 billion. The stories in a moment but first the market picture, Abigail Doolittle with me now and i know youve got tesla on your radar, but first modest moves in the market overall today, walk us through the trade on the back of this positive vaccine news. Abigail todays trading action was very similar to the other days this week and that is to say choppy. We started off with small moves into the close more modest moves as you were mentioning. That is pretty similar to what has happened all week and it is interesting, the vaccine news seems to be getting factored in less and less, two weeks ago when it first ca