Good morning, it is midnight in beijing its 11 00 a. M. On wall street and squawk alley is live. Good friday morning welcome to squawk alley. Im jon fortt with carl quintanilla. Its the end of cloud week on squawk alley. What a week its been. They have brought news on custom chips, Machine Learning and more sales force announced plans to buy slack for nearly 28 billion in the second largest Software Deal ever. Weve had ibm and microsoft weigh in snowflake and others have turned in blah earnings well hear from the ceo this hour what does it mean for investors already sky high investor malic noijoins us now i cant believe we never had you on squawk alley before i hope this is a trend i want to start with sales force slack. I know that you have known stu butterfield for a long time, even before flicker was a hit. You think this very expensive deal makes sense why . So lets remove the price out of the equation. I think what youre looking at right now is in 2020, we have gone from the idea
Worn surging numbers may undermine a Global Recovery. Plus, we discussed prospects for the u. S. And the wider picture with the atlanta fed president , who joins us this hour. Haidi lets look at the sydney staggered open, the friday session muted compared to the street we have had in asian stocks, asiapacific stocks seeing 13 consecutive days of gains broken by the thursday session, the longest winning streak since 1988 coming to an end. A flat stock a flat start in sydney, kiwi stocks up, muted start in japan spite heavy inflows of foreign buying. We are seeing a further downside when it comes to trading in the futures session. Getting secretary mnuchin speaking at the moment. He is speaking in an interview with Bloomberg News, saying financial conditions are quite strong, that companies that are need grants,covid not that. We heard secretary mnuchin earlier asking the fed to return unused coronavirus money. We will get you more as we get those comments. This is coming at a time when
Stimulus deal9 and the promise of a covid vaccine. Cloud computing giant salesforce has agreed e to buy slack in a 27 billion deal. Slacks instant messaging system will position salesforce to compete with microsoft. Warner brothers announced it will release its 2021 films on hbo max at the same time they debut in theaters. On the round table, ben levisohn, carlton english and jack howe. Ben, we got pretty weak jobs numbers today, but the market shrugged it off, and everything ended up higher. Thats right, jack, everything went higher. It doesnt matter if you were maul cap or large cap, the techheavy nasdaq or the Dow Jones Industrial average, the market just went higher. That comes down to stimulus. Congress is talking again, democrats and republicans are trying to come to a deal, this is a number out there, and it looks like it could get done. If it does, it makes up for the data. Payroll number missed expectations, but people were expecting a weak number, and the weakness is really i
Cloud computing giant salesforce has agreed e to buy slack in a 27 billion deal. Slacks instant messaging system will position salesforce to compete with microsoft. Warner brothers announced it will release its 2021 films on hbo max at the same time they debut in theaters. On the round table, ben levisohn, carlton english and jack howe. Ben, we got pretty weak jobs numbers today, but the market shrugged it off, and everything ended up higher. Thats right, jack, everything went higher. It doesnt matter if you were maul cap or large cap, the techheavy nasdaq or the Dow Jones Industrial average, the market just went higher. That comes down to stimulus. Congress is talking again, democrats and republicans are trying to come to a deal, this is a number out there, and it looks like it could get done. If it does, it makes up for the data. Payroll number missed expectations, but people were expecting a weak number, and the weakness is really in the areas that we already knew would be weak like
A deal worked out i think with walmart is going to buy it along with oracle Larry Ellison its going to be an incredible combination and i said you know do me a favor could you put up 5000000000. 00 into a fund for education so we could educate people as do real history of our country the really. Great. Turning us now to discuss our boom bust cohost spence juan and christie i christie break this all down for us what changed between friday and saturday. Nothing really changed the only thing that changed was that trump ran out of time due to the deadlines that he even south set in place so he announced that this deal was approved in theory in mind and so a lot can still happen because remember last year the trade war a we have an agreement now we dont but a were really close now but oh no theres one more provision that we want so that kind of back and forth went on and on and blew through every single of deadline during the trade war so the same thing is happening here if. I was deadline