Buyer beware, ipos that have doubled do not have a great track record after the debut. Plus the president and tiktok, he says hes not prepared to sign off on anything for an oracle tiktok deal. And wall street poised for a sharply lower open following the feds pledge to keep Interest Rates low for years and Technology Stocks do lead the declines speaking of which, jim, sounds like your conversation with joe a moment ago kind of rings with what Credit Suisse says today about tech valuations overall, that is that there is some excess and theyre lightning their weight at least on software. I count 30 companies that are selling at 30 times sales and then theres a number, even more, maybe another ten that are selling above that, 50 times sales for zoom along comes snowflake at 100 times sales. You just have to put the stop sign up because what it says is theres going to be so much supply that is coming. Look, if you own a company youve been waiting for it to come public you just got the gre
Squawk alley. Were going to begin this morning with literally an epic battle royal they are claiming anticompetitive behavior after launching a new way to buy accessories giving users a discount but cutting out the app store in the process this, of course, violates the terms of both app stores that take a 30 cut of digital sales. They both removed fortnite as a result epic games responded with lawsuits and a parody of apples famous 1984 ad platform unification directives for years they have given us their sums, their labor, their dreams in exchange we have taken now a tribute out of it, out of our control. This power is ours and ours alone. We shall prevail see what they did there . Lets bring in alex. You have get with the app stores for a long time and you continue to what side of this do you come down on . I am now the little guy so i have to be careful with what i say, but i like the odd of challenging apple and google and getting them to reduce the tax they charge all of the devel
More than a quarter million tests in the system. We learned about it after the presentation and i think we have spent time that we wo not have put out those data points if we had known that. uand made aware later that e evening. Backlog is now clear. Meaning todays coronavirus data should be more accurate leading to more decisionmaking for the state and counties. We were able to process these cases over the weekend and to do all of the normal weekend work to ensure we ended the weekend was very few records in the system. The former Public Health officer, Governor Newsom declined to discuss the issues and whether or not he called for it. We are all accountable of what happens underneath us. I dont want to air any more than that, but if it is not obvious i encourage you to consider that we accept the resignation, appreciate her work, we all have a role and responsibility of what happens. Anyone who has dealt with the state knows technical glitches and not the Public Health problem, did h
Theories can provide comfort you dont like reality create another. The film about knowledge and belief trust and deception democracy of the global stories july 1st on g. W. Time to track the virus germany rolls out its coronavirus tracing out we talk to an expert to find out how it differs from other us. Also coming up the us shoppers have pushed retail sales to record highs but the fed warns the crisis isnt over yet. And crisis weary californians are taking to the streets to demand an end to the lockdown. Hello i want to get johns welcome to a business germanys official corona tracing out this. Up and running the technology can send warnings to us as if theyve been in close contact with anyone confirmed to have the virus unlike some of its neighbors germany took its time with launching its tracing app was it worth the wait an expert on said that after this report. The demo version of germanys coronavirus tracing app was unveiled in late may it has a simple design and its easy to use t
Asset management lets go to wall lets check the major averages they did jump following the release of the jobs report the nasdaq 100 and some big names within it. Amazon, microsoft, netflix among those hits new milestones today. This incredible ability for the market to shrug its shoulders at the spikes in coronavirus cases around the country i mention some of those new highs. Everything from amazon to netflix to square and twilio and tesla and docusign what the you make of that ability of the market to stay focused on whats ahead . I think this is really difficult time right now for investors because you kind of have to keep three things in your head at all times the first thing is that we are having this resurgence and the data from some of the biggest cities is getting worse and worse and now out in the suburbs and in some of the states that had not been touched by this before, so you have to keep that in the back of your head at all times. Maybe it chasens you and calms you down a