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
The u. S. And china clash again, this time at the virtual u. N. Meeting. U. S. Futures are flat the moment. This after another volatile session. We had stocks rising. One mega cap rebounding. The s p 500 recovering from an early dip prompted by some comments coming from jay powell. Mnuchin spokery in congress today. The dollar touched a one month high. Look at what oil is doing at the moment. Wti is below 40. We are also looking ahead to the asian section. We are suspecting policy changes to come in the november Monetary Policy statement. Large parts of the market expecting the negative rate to take place in the First Quarter of next year. It looks like a modest start to the trading day. Cindy futures are looking positive. Watching the aussie and kiwi dollars. We saw the u. S. Dollar strengthening to the highest in five weeks in the overnight session. Repeating that the u. S. Economy needs more support and has a long road to travel before it will fully recover from the coronavirus fall
Pandemic . The ceo of opentable will be my guest. Rents are plummeting. Ceo joins us to talk about his ambition next. First, lets check of the market. The u. S. Stocks climbing today led by big tex. Big tech. We are waiting on the last jobs report before the election. How are investors handling this . Volatility is the theme of the year. Up dow at one point was nearly 1 , then down. That tells you theres a lot of uncertainty around the fact that we dont have another round of stimulus. The jobs report tomorrow, jobless claims today came down a little bit but still above pandemic levels. It looks as though september is expected to be less good than august. 875,000 jobs are expected to have been added in the month of september versus 1. 3 7 million added in the month of august. We will be looking for revisions also. Be aob picture is going to huge key to the economy going forward. All of this as we might be on the cusp of a second wave of layoffs. Yesterday, Goldman Sachs announced they a
Bloomberg sheells will not take the path of least resistance. Dampenssystem fault hopes of japan replacing china as asias trading leader. U. S. Futures opening the session pretty flat. We sought u. S. Stocks gaining ground in the regular session, but this after a volatile session. Their hopes for another round of stimulus measures. We have a house voting on the democratic relief package they are tonight. Watch out for that. The s p 500 gaining ground. Most sectors closed higher. The nasdaq gaining more than 1 . We had a mixed sure when it came to the jobless claims. Are on the u. S. Jobs report tomorrow which is the last one before the president ial election. We have the dollar losing ground as we saw demand fading. Look at the bti. Wti. We saw pressure as it will to over a twoweek low. An unexpected return of libyan output that putting pressure on prices. Here is sophie in hong kong. After the volatile session on wall street, we might see a muted day here in asia with india joining th
108 points hire. So good news all around. Lets see if it can stay this way. Treasury yields, you can look at a 10year note at. 681 we have so much going on the fed kicking off a twoday meeting. The first since it put new framework into place isnt expected to change Interest Rates fed chair powell planning to answer questions about the outlook during tomorrows News Conference then we have the data coming in today where we get august import and export prices. The latest productions numbers and the earnings, we have fedex and adobe. A lot of other news, joe i can hear the bounce in your step i hear it in your voice. I think it might be the guests we have again today. I know you are excited for the hour we had great guests yesterday and great guests today we have bob from viea come cbs Jared Kushner coming up in the 7 00 hour. Kevin mccarthy then i realize we miss becky whenever shes out but you like to talk and i guess i do too so it is 50 50, instead of 33, 33, 33 you dont have to admit