Richard we think the additional fiscal support will likely be needed. I think, it is very clear that the cares act, which passed in march was a historic government response to a historic crisis. A thrill that a 3 billion dollar package provided significant support to the economy. The economy has made a lot of progress, about 11 million jobs have returned, but there is a deep hole. Steve, theng us is portfolio manager. I wonder if you can piece those two things those two things together. It seems like there is still a rotation. Fed official after fed official are calling for more fiscal stimulus that we will not get. Steve i think we are going to get it, but not before the election, because i think it is a political football, and now you have the Supreme Court battle that will show us that will suck all of the air out of the room. After the election, or in the new congress if one side or the other scores a victory. You will get additional fiscal support. I think it makes sense, the econ
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
It is phenomenal. We have the latest out of the United Kingdom right now. They are battening down the hatches because a resurgence in cases has them closing pubs earlier urging people to for the better part of valor quit congregating in large groups. Good luck on that. Meantime were looking at a spending bill that could be in disarray. Could be the fault of the whole Supreme Court. It was in the president s favor but, because of differences that some democrats have put up, to make it a more harder fight than that. Chad pergram, hey chad. This is not a fivealarm fire until funding the government, they still have the end of the month to do that but there is concern. I was told the house of representatives was scheduled to vote on the interim spending bill might pull back on that. They are negotiating with some members and treasury secretary Steve Mnuchin is testifying today, indicating he is negotiating with the speakers office. You have moderate democrats, a freshman democrat on iowa co
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
Door baby bye bye bye dont want to be a fool for you just set to begin shortly air force one is there the president yesterday was in dayton, ohio. With his campaign. Our Campaign Coverage all of our cspan campaign 2020 coverage Available Online at cspan. Org youre watching this live here on cspan 3 applause usa. Usa. Thank you very much, pittsburgh. You have always treated me well. Thank you pittsburgh. Thank you very much. I am thrilled to be back in a commonwealth of pennsylvania. Hardworking american patriots, and by the way, the home of the pittsburgh stealers. Congratulations. Congratulations, good team. Great quarterback, dont you think . Big ben, right . Goodman. He is a good man. 42 days from now we are going to win pennsylvania. We are going to win four more years. And we are all entitled to it, i will tell you that. With your vote, we are going to lift our nation to extraordinary new heights. We are going to turn the page forever on the failed Political Class and that is exac