Sell off until they realize they cant keep paying for things like snow flake because when they have to sell Something Else i think is why we have another bad day. Dow dropped 245, s p fell and nasdaq lost 1. 70 . It bounced from the lowest percent. Once again, were reminded the stock market is first and foremost a market. And markets are government earned by supply and demand. Right now the supply of new stock is overwhelming demand so the whole market just gets hammered until you trade for a living, you might now understand how this works the software a video game plan and they dont have spare cash lying around, what do they do . How do they get that piece easy they sell. They sell the stock and companies that dont understand it anyway. If you have a stock on the deal and you flip it, well, thats free money free big profits and you got to take free money when wall street is giving it to you. Take public at 52 if you got some at 52 in the deal it scored to 75 where you can cchaching. S
Shift. Weve got another bonus hour of fast money tonight at 6 00 where we will be answering all of your burning trading questions. If youve got one, tweet us cnbcfastmoney. We start off with zoom zoom shares staged a gigantic really its 40 jump today now gives ut a market cap bigger than lowes, ibm and citigroup. It is about 3 4 of the size of cisco, which of course is a similar product and 83 times the revenue. What do you make of this giant move today its pretty incredible. I dont know how often weve seen a stock thats jumped by 40 in a single day. But it ran into earnings weve seen nothing but bullish paper in here for the entire year the interesting thing is when you look at the numbers, yes, the numbers were astounding. When you look at the revenue and the earnings beat, its incredible what stands out for me is i look at this company. You just wonder, theres not a short squeeze going on here. Its not a very large short position i think this is just an amazing stock. People look at
Opportunity to different devices despite a lingering trying to speak. On the 17th International Film festival is in full swing. The homefront is on the red carpet. Ill have a look at french films any history which will make you want to delete all of your online accounts and talking about email is a big name in town. Visits the International Film festival i have more coming up on the break. Im still going to welcome to the program we will go to those stories in just a moment but were going to begin with some breaking news a police here in germany savage who has been driven into a crowd of rev of those celebrating connell the incident happened in the town of fox mohsen in the state of several people have been injured hassel was the scene of a major terror attack last week in which 9 people were killed in a mass shooting. Mr d. Dont be correspondent kate brady welcome kate what more can you tell us well so far phil we know already that a silver mercedes reportedly plowed into a crowd at t
Welcomes u. S. President s trump close their drafts of rally. Because he is an opportunity to. Welcome to the program we start here in germany where car has been driven into a crowd of ravenous celebrating carnival the incident happened in the town of folks moss in the state of at least 10 people have been injured the drivers not in Custody Police have not counseled further economy. Now this comes. After the mass shooting in the same state in which 10 people were killed. Straight to d. W. Correspondent kate brady here in baghdad welcome what more can you tell us. Well so often as you say we know that at least 10 people have been injured in this incident in folk mohsen and among them are children as well and police have said that the driver of the silver mercedes which plowed into the crowd of people has now been taken into custody so he will be being questioned now police have made it clear that as yet they have not been able to determine whether the incident was indeed an accident or
To that story in just a minute, but first the latest battle between the Trump Administration and california. The Trump Administration carried out its promised today to revoke californias authority to set admission standards higher than federal levels. In a series of tweets President Trumps that his action would create jobs, as he predicted americans would buy more cars. He said the new cars will make the air cleaner by taking older models off the roads. However the epas own estimates dispute that claim. Californias governor and attorney general say they will fight the row back in court. We cannot afford to backslide in our battle against climate change. For us, this is about survival. Our communities are screaming for help to address the climate crisis. Governor newsom said the administrations move is intended to benefit oil companies, he said many automakers are on board with the lower emissions and higher mileage requirements under a deal made back in july. To make a San Francisco wo