And your comments a moment ago to andrew, just sort of crystallize, not just what a job shes done, but how companies are placing their bets on looking through cycles, even though were a week away from an election and in the middle of a pandemic. You have somebody the quality of lease why isa su, best ceo i country, nonpromotional, re competitive thought this was maxed out. Youre in the personal computer and data center, it is not good enough she saw what happened to intel i dont say that with any prejudice. Just that she left intel behind. She is in the data center, who is she who are her clients . Azure, google, and, of course, amazon but it is time she feels it is time to branch out into auto, time to branch out into defense into telco when you look at xilinx, what youre seeing is a mosaic where there is some overlap in data center, but the rest is an attempt to say, you know what, we need a bigger total Addressable Market we have to outgrow our markets right now. And i think it is a
Good thursday morning im Carl Quintanilla with jon fortt and Julia Boorstin is with us for the hour. Stocks in a whipsaw range, down a couple hundred up 100 here. S p 500 up 25 or so after the dows near 1,000 point loss yesterday. Worst day since june on pace for the worst month since march. But then you get a stock like pinterest. Good guide coming up, going against the grain. Julia, remarkable price target increases. Basically doubling what some analysts saw the stock trading to yeah. A lot of positive responses to those numbers there. Really a beat across the board, carl what is so interesting to me is what we saw in this quarter from pinterest is last quarters results were not just a blip but that this is a company that could stand to benefit over the long term from some of these trends were seeing during covid19 there is some surprising, funny Little Things like the fact that pinterest grabbed four million new users due to the fact that people are going to pinterest to find inspir
Their take later on in the program coming up on biden Family Business. Futures looking for a rebound after yesterdays sharp selloff. Nasdaq up 121 and s p higher by 25. Stocks plummeted wednesday. Nasdaq down 426, 3 and 3 quarters percent and s p down 120 points, 3 and a half there as well. Coronavirus cases spooking investors. This morning we are awaiting thirdquarter fdp that may very well be market mover on the upside. Big tech grilled, contentious battle over allegations of tech censorship and bias as question get Quarterly Earnings today from apple, amazon, alphabet, facebook and twitter all after the bell tonight. Calling out china, my new book the cost all week long, exclusive audience from President Trump about the threat china poses and how to win against it. Mornings with maria coming up right now. I will be speaking with ice cube jackson, working with the Trump Campaign and the president s plan for black america. Dont miss it. Actor scott is big of big censorship. Maria euro
Runs out and shares of Bed Bath Beyond are surging, the retailer reports comps of 6 , online sales soaring 89 , jim so earlier in the week, jim, and even last week you seem to be pessimistic about the prospect of a compromise coming together. Do you feel any different this morning . Look, i think the Airline Layoffs are looming large because with layoffs come a cut in roots, with a cut in roots is a pain point, but i think its the senate, we keep talking about mnuchin and we keep talking about speaker pelosi, but i think the senate is buying into the president s vshaped recovery and i think Mitch Mcconnell is buying into it which says why do we need more we have a v shape, its just Certain Industries that can be triaged. I know that the industries represent small and mediumsized business so im against that, but i would say in favor of the mcconnell position, at least if you are looking at the stock market, this set of earnings, now, that is not what they care about and i dont want to m
Oracle shares rising on news the company could be the winning bidder for tiktok but it will not involve an outright sale. Bytedancehinese owner Sarah Ponczek has been following the ups and downs. Tech has been leading the comeback. Also, this latebreaking news ikola, and the sec investigating the company over shortsellers. Sarah the last i had checked, down about 8 or so after the market closed. Examining nikola based on this claim that came from the platform hindenburg. 30 , 35 ors fall so from last week. It has been quite the ride for nikola. Still up more than 200 this year but certainly getting hit pretty hard after these original allegations took hold. Now, getting even more focused with the sec taking them on. Emily this on the back of gm taking a huge equity stake in nikola. Lets talk about tech more broadly. News, continuing development. Oracle is in the leading position but a potential deal still under review. Oracle shares did rise. Walmart could still be a part of this. Sara