Unit into a separate Public Company. More on that in just a bit ibm up and all the markets up with 59 minutes left in the session. All the big stories of the day coming up. Morgan stanleys Ceo James Gorman on the back of his companys 7 billion deal today to buy Investment Firm eaton vance. Carnival giving a Business Update as the crews and travel industries continues to deal with uncertainties amid the pandemic ceo Arnold Darnell will be our guest next hour. The ceo of Amc Entertainment will join us to discuss the rollback of more blockbuster movie releases why he is staying open when some of his competitors are deciding to close lets look at the stories we are watching in the final hour of trade. Joining us to talk about regenerons push for emergency authorization for its covid19 treatment is alettia young bob, start us off on the market. There may be no stimulus, but the market is actsing like there is going to be one they have levitated themselves into believing something is going t
With so many businesses working remotely. One of the biggest work from home names is slack, which has seen a flood of new customers as remote work continues. Shares had been soaring, but got pummeled in the last few days after the Company Reported a miss on feelings expectations. Ceo of us to discuss the slack. This is a pretty big move and one of the biggest selloff of slack shares in particular since you have been a public company. What is your take . It gives the backdrop of a lot of volatility. I definitely think the billings missed you mentioned is important. We were a pretty young company, 6. 5 years old. We are coming into our sophomore year. There is rightfully a lens of skepticism on whether this growth is durable. Happened this quarter is different. We had the pandemic. Record unemployment. New paid 8000 net customers in the quarter. That brings the total to 130,000. 130,000 businesses, they are small and medium businesses around the world. They more accurately reflect the br
Child to hit its head on the door frame. The woman suffering visible injuries as well page then took off from that scene. If you have any idea on where he could be youre urged to call police. Now for an update on we first brought you last night right here on kron 00 04am tonight were hearing from more victims who say they were attacked by a man wanted by San Francisco police in a string of attacks and a number of neighborhoods. Kron fours gayle ong spoke to one of the victims and has more tonight from San Francisco. This victim encountered the suspect on thursday believed to be the latest reported incident, were protecting her identity but she is sharing her story to help spread the word and help led officers to an arrest some women of San Francisco are worried about an attack or last seen on lions and fulton in an open neighborhood, one victim says she was walking west on bolton when she heard a runner come behind her around 08 00pm thursday, he. A lot to on my right it really hard so
Third straight week. For more on wall streets move, we are joined by scarlett fu. Lets talk about how this happened. Ett we had quadruple witching. Options tied to indexes and stocks, that led to a pick up in volume. Then you had it falling below the trendline, where the average price over the past two and half months. The theme for today, as it has been for the rest of the week is the lingering disappointment that the fed did not give investors a prize that they have been positioning for. Recent winners, the tech, has been consistent laggards. They are the worst performing sectors this month, down 10 in september. Emily i do want to talk about oracle, tiktok, and this dramatic move by the u. S. Government to expel tiktok and wechat by the app stores. When did you what caught your eye . Scarlet what i found interesting was that even though it trended lower, volume in the stock is off the charts. It was about 26 million shares this week on average. That is up 86 from the first two weeks
Education arne duncan. We should not be in this situation. Other countries are not. We should not even be talking today. Lost,f thousands of lives the impact on millions of millions of children, education around the country, is extraordinary. It is tragic, there is no easy way to put it. Having said that, on the local level, unbelievable leadership empathy, compassion, urgency. Im talking about superintendents across the country trying to figure out Food Distribution, telehealth, social and Emotional Health during tough times, and yes, education. Horrific leadership at the top and amazing and Inspiring Leadership at the local level. So as a have four kids, parent i am feeling this, my kids are learning remotely as we speak. We are lucky we have access to technology. Still, even i am concerned. What are your biggest concerns about how this could play out . Mr. Duncan on socially, multiple concerns. One is the political pressure could physically open. Open is not to pressure to physicall