Good thursday morning. Welcome to squawk alley. Im jon fortt with carl quintanilla. It is cloud week on squawk alley. If you were betting against snowflake, wur oyoure out in t cold this morning. That stock up is 12 same for Cloud Security and authentication specialist okta were going to talk to the ceo to see if this thing may stabilize from here or go higher splunk, that is the sound of a cloud stock dropping 22 after missing Sales Guidance for the third quarterer in quarter in a row. All this happening as amazons cloud conference is in full swing. Salesforce announced the second Biggest Software acquisition ever and we started the week on squawk alley talking to ibm president Jim Whitehurst who came to big blue in what and is still thelargest Software Acquisition ever redhat driven by a hybrid cloud. Julia, investors are betting on further growth from already heady levels we can certainly see that in what is happening with snowflake this morning it is reapproaching the highs that so
Leave big tech for long. Look at this. Apple is back up by 7. Microsoft, 3. 50. Amazon, thats up 40 bucks. Alphabet up 21. Facebook up nearly five. Solid gains. Got it. All right. Its 6 00 on the west coast and the people of seattle are waking up to a full scale insurrection. I use that word deliberately because thats what it is. The capitol hill district in the city is now known as chaz. That is the capitol hill autonomous zone. Police officers have abandoned their precinct, the anarchists are in charge and the mayor says its not terrorism, its patriotism. You ever think an American City would cede control willingly to anarchy . It just happened. Varney company is about to begin. They dont straighten that situation out, were going to straighten it out. What i mean is very simple. Were not going to let seattle be occupied by anarchists. Were not going to let this happen in seattle. If we have to go in, were going to go in. The governors either going to do it, let the governor do it. He
They come. Checking out the 10year, weve been around the same level yesterday we were at 0. 75 this morning, it looks like the 10year is yielding. 69 saying the Global Oil Demand will fall by 9. 3 billion a day erasing almost a decade of growth down about 2. 25 baushing it back to 19. 65 a barrel dr. Scott gottlieb, chairman of cbs health, fanatics executive chair. Chief Investment Officer and more coming up in the next three hours. Joe . Becky, you remember United Health care is a dow component we always say, thats right. Thats right you notice the dow is down around 370 or so maybe repairing partly due to United Health care the Company Reported an adjusted 3. 72 for the First Quarter. Nine cents above estimates the company said it is keeping its prior 2020 full year guidance said it would continue to evaluate the ongoing impact. You can see up about five points or so. Ee quaids to the improvements we see. Well hear from bank america and other companies. We are in earnings season now.
Welcome, everybody. Im tyler mathisen. Little oscar joke. Too soon, perhaps you . Can see a lack of direction for your money. Dow down 13 points right now. Right now the dow, not doing a whole lot. Even if we fall today, this has been the dows longest win streak since all the way back in 19d 87. Of course, all eyes will be on the president s big speech tomorrow night. Melissa . Im melissa lee. Busy monday at the white house. The president making his first Budget Proposal, talking with ceos of a number of health care companies. Eamon javers is there. Eamon . Reporter obamacare, which he calls a failure, disaster and teeing up his own plan to replace obamacare later this year. Hes meeting with Health Care Ceos at the white house this morning. Here is what the president said in teeing up his criticism of the obamacare act. We must Work Together to save americans from obamacare. You people know that. Everyone knows that at this point, to create more competition and to bring down the pries
President. Its a big week for your monday very clearly and then, theres the oscars. Hollywood tried so hard for a politically correct beat up on trump festival, but everyone is talking about the embarrassing chaos that ended the night. I just wonder if the rich trump haters in hollywood will give back the tax cut that President Trump will give them . [laughter] dream on, varney. Varney company is about to begin. Theres a mistake. Moonlight you guys won best picture. This is not a joke. This is not a joke, im afraid they read the wrong thing. This is not a joke, moonlight has won best picture. Moonlight best picture. Stuart almost laughable id say. Thats the moment that everybody is talking about as last night oscars, la la land was read and they were handed the wrong envelope. Liz i almost thought that was the selection for the new dnc chair. Hey, they made a mistake. I thought jimmy kimmel was outstanding, funny, what are you going to do. Ashley we understand the investigations are un