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
To see everybody the dow did get to 29942, that is an alltime intra day high. Fell back a bit off that, a better than 400point game for the dow, s p better than 1 , nasdaq a little shy of that and then the small caps all the way to the righthand side of your screen banks, travel and leisure stocks leading the way. Some of the stayathome stocks. Theres the possibility in the middle of december the Federal Reserve steps in and provides further stimulus to replace whats missing from fiscal policy makers i want investors to give consideration to who potentially would be the treasury secretary. And, lastly, what will incoming president elect bidens policy be towards the chinese i think the reintroduction of a favorable relationship is a positive one so there are many catalysts coming as it rates to the reopening of stocks, you could look at financials and energies, but the one sector that stands out to me as the opportunity is industrials it screams high in terms of return on equity, its go
When you listen to the reasons, theyre dumber than a bag hammer everyday we hear about stimulus talk even if we pass the deadline, i wish they stop talking all they do is creating false hopes. Both republicans and democrats see no deal as a win for them even as the rest of the country loses. I am confident that well get the stimulus package eventually. There is no stimulus coming any time soon, certainly not before the election get a game plan for heavens sake how about covid19 we have been predicting the spike for months here. Why did we start the mask competition . We knew it was temporary reprieved and it would get worse once the weather gets colder i totally understand it seems like an in efficient way to stop this thing we dont have much those case numbers have been creeping for more than a month now. The only thing more incurable than covid is the market i have been recommending the bull market created out of control pandemic without a stimulus now it is happening. We are taking
Live now to hearing on White Supremacists infiltration of Police Department. The House Oversight and reform subcommittee on civil rights and Civil Liberties is hosting. This is live coverage on cspan2. Good morning to the chair of the committee, ms. Maloney has joined us. Good morning to our Ranking Member mr. Roys whos with us and good morning to the vice chair and all of our wonderful members who joined us. I want to take a moment to extend a special welcome to rashida to leave of michigan come to our subcommittee. This is her first hearing with our subcommittee and were delighted to have her choice. Welcome, ms. Tlaib. I wanted show a video to set the stage. Please play the video. White supremacy permeates every corner of society and our institution. Please agencies to the fbi to department of justice, all of them. The Southern Poverty Law Center combover is engaged in those groups wherever that might lead. We have outed a number of Law Enforcement officers who have connections to w
The march 4, 2020 meeting of the board of appeals. Vice president honda will be in charge. President ann lazarus is absent this evening. To my left is the deputy City Attorney to provide legal advice. And im Julie Rosenberg the boards executive director. Well also be joined by representatives from the city departments that have cases before the board this evening. We have acting deputy Zoning Administrator and representing the Planning Department and commission. We expect joseph duffy senior building director and the Principal Environmental Health in inspector. The board requests you turn off or silence all electronic devices. Please carry on conversations in the hallway. Appellants, permit holders and Department Respondents are each give enthree minutes to present a case. People affiliated must include their comments in the three or sevenminute periods. Parties not affiliated have a chance for rebuttal. For rehearing request the parties get three minutes each. Four votes are required