Markets. Dow is up 181, 30,150, all three of the averages setting record highs today. Shannon, you have made some very interesting moves in your portfolio, both what you have trimmed and what you have added to first to what you have trimmed apple and microsoft. T tell me why. So really two different stories here, scott. First of all, ill start with microsoft. As i talked about on the show, this is our Largest Holding and remains a very high convince for us we still have a lot of confidence in azure and the endtoend software it offers but from a portfolio perspective, it was time to trim apple, weve seen a significant runup, 75 in the last year and we really feel like a lot of that has come on multiple expansion. Weve gone from about 15 times to about 27 times. Although we do believe in the services storyand the mo monetization, we think there are better opportunities we trimmed back from a market weight to an underweight were going to continue to hold the stock and maybe look for oppor
We will hear from the head of west coast listings jeff thompson. Lucids desert oasis just finished a listing in san francisco. We will get a picture of supply and demand with first, u. S. Stocks started the month off by hitting records on stimulus talks and covert progress. Salesforce says it will proceed with plans to buy lack for 7. 7 billion to buy slack for 7. 7 billion. Slack prices up, salesforce had dropped. What do we see after hours . Abigail both shares are down. The idea that salesforce. Com would buy slack, now lo and behold, that is happening. As you mentioned, 27 point 7 billion in cash and stock. Some are wondering about the cash piece. Salesforce. Com does have a lot of cash, so using it here for this deal, and i think the bigger thing to take a look at is the fact that salesforce. Coms Ceo Marc Benioff has made more than 60 acquisitions, as you know, in his 21 years, making salesforce. Com the conglomerate of all these different pieces. Now they have this Communication
Do you dunk the entire covid cohort or stick with it on a dow when the rose 183 and the nasdaq gained 1. 8 the reaction to zoom Video Communications after it reported a good quarter that wasnt quite good enough for wall street. This company practically sin none mouse with the new normal and look ban on 2020 as the year of zoom so when you see it down 15 its alarming. You got to wonder what that means for the rest of the stayathome stocks. The answer, nothing. Just because zooms insanely high growth is decelerating that doesnt mean the trend is over in fact, id argue it never had gone away because this year has shown us millions of jobs can be done better from home. No need for that central office. Why go to meetings to negotiate or sign documents when you do everything over the web and save millions, maybe ten, maybe hundreds of millions in travel, hotel, dinners, zoom, i mean thats how the 39 billion s p global ihs market deal was consummated as we heard from Doug Pederson on mad mone
[no audio] year. The start of the he will give us a report card on how Remote Learning is going across the nation. Of ceo says he is sick talking about microsoft. He joins us to talk about salesforce and the deal and plans to spell dispel the myth the competition had anything to do with it. Reiterating the new stayathome order in the San Francisco bay area taking effect january sunday through january 4. It is different from intensive care thresholds. Businesses will be taking a hit with new restrictions and workers still looking for relief from washington. There were good signs today that lped smooth thehe markets. It meansoolittle, closing all dining and gatherings with anyone outside your home through the holidays. As a San Francisco resident, this will be happening as of sunday. Are you seeing any moves in the market . Abigail there are small declines in s p 500 futures, very small moves off the record high of the day. I am sorry for the difficulty you and family and friends might b
It will beevie says to salesforce what instagram was to facebook. Planning a new set of chips to outperform intel. What it means in the next generation of macs and more. First, u. S. Stocks dropped monday amid a surge in case of covid19. We are expecting to hear more about the Vaccine Distribution as states try to outline the doses, how many they will get, and one. Lets get to Abigail Doolittle with the latest on how it is played out in the markets. Breakdown that and what is to come this week. Abigail an interesting day we have had big gains on positive vaccine news and this week the vaccine will start to be distributed in the u. K. There is some expectation that will happen next week, but we had a bit of a down day in some of the indexes. We had strength is the nasdaq 100 and other techheavy indexes. The nasdaq 100 up a nice day in a row its longest daily winning streak going back to december, 2019. That strength, emily tesla the stock up 7. 1 , continuing to store up till it will be