Sense. Wel welcome, this is early start. Im christine romans. It is 5 00 a. M. In new york. Laura has the day off. We again with a residential Building Collapse theyre miami beach, dozens of rescue units are on the scene. Were heading there right now, this happened just in the past few hours. We know Something Like 100 units from miami rescue are on the scene there trying to dig through this partial Building Collapse. If you know miami, this is 88th and collins, the village is called surfside. Again, well bring you live details as we get them this morning. Next 24 hours hugely critical to the biden agenda, senators will heat with the president today after shake hands on a bipartisan infrastructure deal, they are also staring at a fast approaching deadline on Police Reform. And democrats under pressure to actafter Voting Rights failed in the senate. Daniella diaz is live for us. What are they doing as the clock ticks down . Reporter it is pretty critical that they actually reached a dea
Dus good Tuesday Morning i spoke with aws ceo exclusively last night covering a wide range of topics. Youll hear about all hour including Data Warehousing and the emergence of snowflake in that space which by the way runs on aws heres what jasy said about whether there is room enough for snowflake and aws sorry, snowflake competitor from aws red shift in the market. I think its unquestionable that theres room for both snowflake and red shift to be very successful and grow to be very, you know, a lot larger than both of them are today. We launched redshift back in 2012 and it was the first Data Warehouse built for the cloud and continues to be the largest Data Warehouse in the cloud. And, you know, snowflake built a Data Warehousing offering as well that is also strong offering and largely runs on top of aws we work just as hard for snowflake in trying to make it easy for people to use redshift. From our perspective, if customers want to run on snowflake for their Data Warehouse on top
Dorsey, and alphabets sundar pichai, are set to testify virtually tomorrow. Section 230hange could have longterm ramifications on free speech on the internet. Banned news political ads. We will ask Cambridge Analytica whistleblower as part of our special electioneering series. First, lets get a read on stocks and microsoft results. Abigail doolittle with us from new york. Big beats out of the gate. Abigail in the after hours, they are trading higher. Although i think what we are about to look at could be all over the map at the moment. They are talking about the idea that further lockdowns could hurt demands. Their Cloud Business was weak. Microsoft Cloud Business very strong. That was a piece of the beat. Maybe part of the business that could have gone to microsoft. Again, after hours, this stock is trading higher on the year. Valuation is rich, but the theter is good enough that stock is doing just fine. The s p 500 index and the dow down once again. The nasdaq climbed sharply higher
Dont bet against progress thats the lesson for todays stock market where the gross name came roaring back the nasdaq surged 3. 85 . I know what you are thinking. It feels like the whole republic fringes. Well, excuse me. We are having one of the greatest rallies i have ever seen despite all the worries, the woes about the market tanking if Election Night was in indecisive indecisive like it or not, the people spoke. Whether biden or trump ends up on top, it looks like buy den right now. The democrats will have the house and the republicans will have the senate. At least two years of boring do nothing government even with the pandemic and the high unemployment and of course just kind of anger, americans seemed satisfy with the status q quo. They certainly dont want higher taxes. Something that would have been on the agenda if the socalled blue wave has washed in. Thats a big deal. I know based on the polling, i was worried what may happen to stock with a blue wave just stocks. I am sure
Overspeed. The communist party wants greater sustainability. The ecb hints that a more stimulus is coming as governments impose new lockdowns. Seize until the crisis dies down. Breaking news out of south korea, we are getting the september numbers for Industrial Production, a rebound of 5. 4 . This is a rebound from a can fraction in the previous period. We are seeing revisions upwards for the previous month of august. This is a huge beat of estimates. Growth, on year number, a jump of 8 , really rebounding after six months of contraction for Industrial Production. That werising given have seen export numbers rising for the first time in seven months. We have seen more positive sentiment on external demand. Now we have Industrial Production numbers in south korea beating estimates. Just had the markets open in australia. At amp, one of the first stocks trading, higher by more than 20 . This is after they confirmed they have received a conditional proposal from u. S. Based areas, not en