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
And whether to extend the statutory deadline. S hearing. Pursuant to house rules, some members will appear in person, and others will appear remotely via webx. Since some members are appearing in person, let me first remind everyone that pursuant to the latest guidance from the house attending physician, all individuals attending this hearing in person must wear a face unless they are talking. Members who are not wearing a face mask will not be recognized. Let me also make a few reminders for those in person. You will only see members and witnesses appearing remotely on the monitor in front of you. When they are speaking in what is known in webx as an active speaker view. A temer is visible in front of you. For timer is visible in front of you. Let me remind everyone of a few points. For members appearing remotely, i know you are familiar and here are the points. First, you will be able to see each person speaking during the hearing, whether in person or remote, as long as you have you
Accurate and complete count. Former director John Thompson joint other witnesses in discussing the impact of the coronavirus pandemic on Agency Operations and whether to expend extend the statutory deadline. Welcome, everybody, to todays hearing. Pursuant to house rules, some members will appear in person, and others will appear remotely via webx. Since some members are appearing in person, let me first remind everyone that pursuant to the latest guidance from the house attending physician, all individuals attending this hearing in person must wear a face unless they are talking. Members who are not wearing a face mask will not be recognized. Let me also make a few reminders for those in person. You will only see members and witnesses appearing remotely on the monitor in front of you. When they are speaking in what is known in webx as an active speaker view. A temer is visible in front of you. For timer is visible in front of you. Let me remind everyone of a few points. For members app
Companies as a Public Service and brought to you today by your television provider. The House Oversight and Reform Committee held a hearing on the 2020 u. S. Census and whats being done to ensure an accurate and complete count. The former Census Bureau director joined other witnesses in discussing the impact of the coronavirus pandemic on Agency Operations and whether to extend the statutory deadline. Welcome, everybody to todays hearing. Rules, somehouse members will appear in person. Others will appear remotely via webex. Since some members are appearing in person, let me first remind everyone that pursuant to the latest guidance from the house attending physician, all individuals attending this hearing in person must wear a face unless they are talking. Members who are not wearing a face mask will not be recognized. Let me also make a few reminders for those in person. You will only see members and witnesses appearing remotely on the monitor in front of you. When they are speaking i
Did as well in terms of market cap. You can really move if you give the market a beat. Romaine you saw apache rally fall by and conoco about the same amount. This split between Companies Still invested in shale and companies that have more offshore resources. Taylor i still think we should have bought oil at 30 per barrel and stored it in your swimming pool. Romaine right next to the gold. We are waiting for a lot of earnings today. Apple, amazon, facebook, shake shack, yum brands. One of the busiest days of the year right now. As isne gileads outcome Electronic Arts. The 1. 44 expected. Second quarter revenue, 5. 1 billion, that is a slight mess. That company, focused on pharma. Electronic arts. Gaming has been front and center in terms of what we have all been up to. We are seeing Electronic Arts seeing the full year 21 1. 6ngs, revenue coming at billion. Romaine doing well on the quarter and guidance. There is an issue of high expectations. Even as you have adjusted revenue coming i