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
Navigate it all. With the clock ticking, get reaction from republican Congressman Ken Buck from colorado. It takes a lot of guts and a lot of innovation to start a business during a pandemic. One man is doing just that, very inspirational story coming up. All that and so much more on making money. Charles so for the most part the market has been elevated all session long but obviously on pins and needles which plains the rapid air pocket we saw earlier in the session where there was a tweet that nancy pelosi sounded very skeptical about a deal with steve mnuchin. I suspect it was strategic tweet as both sides are using proxies to move the market and gain leverage but beyond the drama in washington, d. C. , there is lot of mostly positive news on the economy and stock market today. Initial jobless claims came in better than expected. As they continuing claims was dropped by almost one million in just one week. Consumer spending came in much better than expected even as incomes declined.
Little bit better this morning effect today and again likely with that onshore flow. Over the next several days. With it were looking at our temperatures will be temperatures that are in the actually slightly below average 50s, the 60s this morning. For this time of year. You can see the green and mid 60s in San Francisco and yellow dots indicating good to low 70s oakland and upper 70s moderate air quality. But still for parts of the san jose. And mid 80s for concord. Peninsula, dealing with that ill talk more about that labor unhealthy air, you can see those red and even purple dots day weekend forecast coming up. Gianna . Good morning, those brake lights are building into the and that does indicate Altamont Pass were seeing heavy ride already as you work unhealthy to very unhealthy air out of tracy. Over on to 580 make that can to Mountain View from san jose. Connector. Unhealthy air for union city thats our slowest spot this morning. Give yourself a few extra minutes and as far as 6
Euphoria and in disappointment. And the child is creating monster swings like ive never seen before. The cramer covid19 index on the news the astrazeneca vaccine, the trial didnt produce something that would save us immediate immediately. The stock got hammered and the stocks that benefit from the pandemic surged. The dow advanced nine points and the s p gained 4 but the tech heavy nasdaq filled with cramer c covid names. Amazon went up tesla up 142 shopfy 81. Yeah, i didnt make up thats real thats real money. Or it can be in an x fund. Childish buying behavior but that doesnt mean its wrong there is a lot of money put to work every day based on coronavirus and that made the action binary and the vaccines take so long so it doesnt go by at home stock, go buy amazon like everybody else. What happened today . Consider the news about the as t as tra seven astrazeneca vaccine. Safety phase one it created a positive immune response meriting further study. These larger trials are happening n
That. A modest down trend. Tomorrow, though, thats the big jobs report. Almost certainly the worst in history. Okay. But look at this. A rotten economy and a Big Stock Market rally. We get a lot of inquiries as to why is this happening and the short answer is well, the market looks to the future and its clearly seeing an economic recovery, and the trillions pumped into the economy are very much appreciated. Put it like that. The dow is going to be up over 300 points at the opening bell. Thats better than 1. 3 . A similar gain, 1. 5 for the s p. Look at the nasdaq go, up 1. 5 . Thats because of this. Big tech. Again, leading the market. Just look at this. Apple is at 303. Amazon up 21 bucks premarket. Nice gain for microsoft. Nice gain for netflix as well. Thats whats happening. Big tech again dominating the market, plowing higher. Bombshell news in politics. Mr. Impeachment, congressman adam schiff, he is not looking good. There are dmumennew documents o russia, russia, russia probe. M