Its 11 00 a. M. On wall street and squawk alley is live good Tuesday Morning welcome to squawk ally im Carl Quintanilla markets are seeing a fair bit of chop today as we keep pace with powells comments a few moments ago. Any progress on stimulus and, of course, the president s recovery as he returns to the white house. For that were going to turn once again to eamon javers hi again yeah, hi. What were learning this morning is that a military aide who works closely with the president has now also tested positive for the coronavirus. According to nbc news, the president within the past few minutes also issuing a new tweet saying he is going to the next president ial debate. We have that wednesday vicepresident ial debate and the president is tweeting that he is looking forward to the next president ial debate. He is cleared to travel or optimistic about the plans to travel thursday by october 15th in miami the president saying there it will be great. No word whether were going to see the
Welcome to squawk alley for your wednesday morning im Carl Quintanilla with julia bore steen, mike san tolely with us for the hour dow is lagging down 60 jackson hole tomorrow, of course, were watching hurricane laura, the retailers but mike, crm, continues to astound. We thought 20 gain was impressive its now at session highs of 27 today alone on what bloomberg called the best revenue surprise in a decade. Yeah. Its pretty remarkable obviously the results themselves are emboldening people to say that this was as expensive as the stock has always looked undervalued or misvalued or didnt appreciate the durability of what theyre doing on the market share side of things for the longterm. What is interesting, too, if you look at it compared to some of the other software bell weathers over the last couple years, as big as todays move is, its kind of a catchup if you look at how microsoft and adobe in particular their anointing crm into that class inpenetrable areas that seem like theyre goi
Congress is negotiate its next round of Coronavirus Relief for the economy and weve seen a stunning move in oil crude was higher by 2 now down 9 as we await the final details out of the opec meeting. Energy sector now word on the s p. Yeah, been a real reversal there. Coming up on todays show, dan niles tweeting a warning about the rally. Hes going to join us with the risk he sees at these levels, plus, well speak with max levchin. Well ask what his micro loan customers are buying amid the shutdown and his read on the state of start ups right now lets focus on the big stories were watching today though. Steve liesman has detailes on te feds big moves and kayla is following the battle for more stimulus on capitol hill but steve, were going to go to you first to talk about the fed. Yeah, morgan, just quick moves the fed has announce nd the last hour. The its reduce uing the purchases of treasuries and mortgages. Treasuries down from 30 to 50 billion a day. Down to 15 from 25 apparently,
Essentially to avoid nonessential travel and not to gather in groups of more than 10 until the end of april thats an update from the latest comment from President Trump where he seemed. Optimistic that things would be back to normal by april 12th so while the United States and its government is making official recommendations to its citizens in other parts of the World Governments are being more forceful in places like spain for example and italy where citizens are being told to remain in hibernation thats the word its being used by far the largest lockdown anywhere in the world is taking place in india india 1300000000 people being told to stay in their homes look at this video its gone viral it reflects just how seriously indian authorities are enforcing the curfew with Police Officers seen giving residents a not so gentle nudge with but tongs and sticks and other disciplinary actions as you see there by the way theres Something Else theres another crisis developing in india regardin
Essentially to avoid non essential travel and not to gather in groups of more than 10 until the end of april thats an update from the latest comment from President Trump where he seemed. Optimistic that things would be back to normal by april 12th so while the United States and its government is making official recommendations to its citizens in other parts of the World Governments are being more forceful in places like spain for example and italy where citizens are being told to remain in hibernation thats the word its being used by far the largest lockdown anywhere in the world is taking place in india india 1300000000 people being told to stay in their homes look at this video its gone viral it reflects just how seriously indian authorities are enforcing the curfew with Police Officers seen giving residents a not so gentle nudge with but tongs and sticks and other disciplinary actions as you see there by the way theres Something Else theres another crisis developing in india regardi