Good wednesday morning welcome to squawk alley. Im Caro Quintanilla with jon fortt. Deirdre is with us for the hour. Nasdaq is trying to come back after a couple of days of losses as we turn our attention once again to covid levels in the United States. Were going to start the hour, though, with alibaba, a big drop for the stock despite these new sales records on this singles day. Hi, eunice hey, carl live streamers in china are wrapping up whats been a very long day pitching to Chinese Consumers and it seems as though the efforts have paid off. For alibaba, the value of the orders that crossed the site have just come in at just shy of a 500 billion, about 75 billion u. S. Dollars these numbers cap an extended 11day campaign thats a little different this time around not the usual 24hour singles day shopping extravaganza. There were some interesting trends that we saw that were generally pandemic related, where consumers were looking to buy goods that they probably would be buying if th
Data communications, connections and environmental controls, and various other security devices. Companies primarily use the cloud in order to reduce the total cost of ownership, have quicker delivery and better prospects for innovation. The cloud has been the foundation of the Digital Transformation and allows for flexible digital work places and remote work. But the cloud is actually built on top of these data centers. Northern virginia in the United States is the Worlds Largest Data Center Market. But india is quickly becoming the Global Destination for setting up new data centers, due to lower costs, cheaper labor and tax incentives for now, setting up a data center is very cost intensive. As a general rule of thumb, it costs between 61100. 00 per square foot, or 7000000. 00 to 12000000. 00 per megawatt of commission. I to load to build a data center. First, theres the cost of land in the building shell, which is between 15 to 20 percent. Then there are the Electrical Systems which
Reduce the total. Cost of ownership have quicker delivery and better prospects for innovation. The cloud has been the foundation of the Digital Transformation and allows for flexible, Digital Workplaces and remote work. But the cloud is actually built on top of these data centers. Northern virginia in the United States is the Worlds Largest Data Center Market, but india is quickly becoming the Global Destination for setting up new data centers, due to lower costs, cheaper labor and tax incentives. Now, setting up a data center is very cost intensive. As a general rule of thumb, it costs between 61100. 00 per square foot, or 7000000. 00 to 12000000. 00 per megawatt of commission. I to load to build a data center. First, there is the cost of land in the building shell, which is between 15 to 20 percent. And then there are the Electrical Systems which have to run 247 and have back up generators, batteries, and on interruptible power supply. This will be approximately 40 to 45 percent of t
General assembly our Michelle Carew sa cabrera is on the scene to recap what we just heard michelle hey there, carl a fiery speech where he called out specifically north korea, iran, and venezuela and called for the great revival of nations. Used the word sovereign and sovereignty over and over again, reiterated america first, as he did on the campaign trail, and also during his inauguration speech one of the big headlines will most likely be on the headlines in all the newspapers tomorrow is when he said if its forced to defend itself, United States for its allies, we will have no choice but to totally destroy north korea. Rocketman is on a Suicide Mission for himself and for his regime he referred to north korea repeatedly as the scourge of our planet today, the depraved regime, a band of criminals. When it came to iran, he called it masking a corrupt dictatorship behind democratic facade and he said the iran deal was one of the worst onesided transactions, an embarrassment to the Un
Also some tech m a. Oracle buying netsuite for 9. 3 billion in cash. That makes it the second biggest acquisition ever. Thats behind the 10 plus billion dollar acquisition just over ten years ago. Just had a conversation with people familiar with oracle speaking on this and i was wondering right now because larry and his Family Organization connected to him own about 40 of netsuite. This deal looks more expensive than oracle has been paying for cloud acquisition. So why do this now . It turns out if you look at what oracle has been up to over the past couple of years, they have been building out cloud infrastructure. Paying a lot of money for the Data Center Resources needed to become the Cloud Company that they want to be. They needed to get there before they could do this netsuite deal and make it flow and work and create the company and similar to if youre building out hotels you need to build the hotels before you can have the tenants actually make money. Thats something behind thi