Markets. Dow is up 181, 30,150, all three of the averages setting record highs today. Shannon, you have made some very interesting moves in your portfolio, both what you have trimmed and what you have added to first to what you have trimmed apple and microsoft. T tell me why. So really two different stories here, scott. First of all, ill start with microsoft. As i talked about on the show, this is our Largest Holding and remains a very high convince for us we still have a lot of confidence in azure and the endtoend software it offers but from a portfolio perspective, it was time to trim apple, weve seen a significant runup, 75 in the last year and we really feel like a lot of that has come on multiple expansion. Weve gone from about 15 times to about 27 times. Although we do believe in the services storyand the mo monetization, we think there are better opportunities we trimmed back from a market weight to an underweight were going to continue to hold the stock and maybe look for oppor
Thank you. Host the easterseals disability film challenge was your project. We were watching a bit of this years ceremony. What is the contest . Guest thank you for having me on. The easterseals disability film challenge is a weekend film competition were over the course of a weekend, participants write, shoot, edit, and create films that have somebody with a of or behind front the camera. These are narrative films. This year, because of the coronavirus, we ultimately made a documentary short film competition where they can make it from the safety of their home. We have the most film submitted this year. I am really excited. Host how did the contest get started . Guest background on me. I am sitting, but i am a little person. I am 310. I am an actor, comedian, and producer. It was my dream to act. I went to Business School and i continued to do standup and acting and i learned early in my career that i have to be in charge and all facets of my career. Writing, shooting, creating my own
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
Nasdaq nosedived the worst day since march. The lesson things got too easy. Everything was working every sector, the airlines, oils, health care, cruise lines, transports, blanks, retail, tech until a few days ago, picking winners, you know what it was like it wasnt like shooting fish in a barrel, it was like machine gunning fish in a barrel when it getz that easy, when everyone thinks theyre smarter than warren buffett, you know youre in a real bruising. A genuine roll back, and sets back the neophytes who only knew when you buy a stock, it goes up that logic has now been debunked this has wiped out a good chunk of the geniuses who crowded into the airlines, betting they knew better than buffet after he dumped the whole group so what happens now . If theres all this money being managed by novices who only know how to chase momentum, is it safe to buy before those get blown out . Dont have you have to way until the Hedge Fund Guys who missed the whole rally, come on our air and say i t
Points. But as more people go back to work, could the sudden tech spending boom that was triggered by the workfromhome movement, could it disappear as quickly as it began . Chairman and ceo of adobe, this is a Favorite Software company of small and medium sized businesses, he is here, first on fox business, on whether we all kind of borrowed from future tech spending to ramp up connectivity and what it might do to tech stocks coming up. With the memorial day holiday soon upon us, will americans give us that once in a lifetime visit to europe or somewhere else for a Summer Vacation closer to home . The ceo of the Worlds Largest travel Marketing Company says one hotel in particular thats announced it will reopen is proving to be the biggest vote of confidence the nation could get. Which hotel and where it is, coming up. Plus, Hedge Fund Hot dogs, pandemic rebound stocks and charlie breaks it on directvs future at at t. Less than an hour to the closing bell, lets start the claman countdow