Can help you get started with your idea called now 807, 710002 zero getting a firsthand look at the devastation the station from hurricane helene. He is in the Carolinas Today with a swarm has killed nearly 100 people. How the federal government is helping the Recovery Effort is haunted words of thousands still remain without power and as cities are running low on food and water, plus, as the world awaits, israels response to a ballistic Missile Attack from iran, the idf ramping up its Ground War in lebanon. Another major question amid heightened tensions, what role will the United States play . Then turns of that thousands of Fort Workers hit the picket lines. A strike that could have a huge impact on the economy and things that you buy every day. Were following these major developing stories many more all coming in right here to Cnn News Central President Biden is flying over the devastation from helene, the deadliest hurricane to hit the u. S. Mainland since breanna back in 2005, to
Welcome to squawk alley. Im Carl Quintanilla Julia Boorstin and jon fortt are with us for the hour the dow session alone was down 236. Were slightly off that s p 500 is off the early lows as well zoom helping to lead the nasdaq 100, john. Looking forward to disney and cisco earnings to night. That is definitely true, carl the big themes, protect investors today. Number one, game on. The play station 5 from sony is shipping and in stores as of today. Joining the x box series x this marks the start of the biggest console refresh. Really the only major console refresh in seven years its happening during pandemic lockdown and then youve got china. I mean coming off of a record breaking singles day where the chinese Online Consumer is flexing. We have to think about that exposed deadline for tiktok to do a deal in the u. S. For those assets i dont know if the president is interested in shutting down tiktok anymore fair to say his attention is elsewhere. Thats right, jon today was the day wh
For those two companies, it was a tale of two different big tech quarters alphabet has certainly been the laggard this year. Underperforming not just its big tech peers, but the nasdaq amazon has been a standout, 70 gains. Alphabet had a low bar and amazon had a high one. Did they deliver we can look at a number of metrics, what i want to drill down on particularly is cloud. These are the companys newer growth engines cloud numbers came in only in line with expectations revenue up 29 year over year. Love large numbers but google cloud, revenue was up 45 and now the company is going to break it out as its own segment. Have a listen to what was said last night. Given the progress we are making and the opportunity for the cloud in this growing global market, we continue to invest aggressively in our gotomarket capabilities and extending the global footprint you will see information about the scale of our investments so investors are going to be able to see exactly how much google is inves
Stimulus bill. What happens if washington lets us down again and millions of people, especially in the hospitality industry, find themselves struggling to put food on the table . Does that mean we should use a day like today where the averages went up dow gained 122 points. S p climbed 0. 80 to sell everything into strength not so fast. Like i say every night at the end of the show, there is always a bull market somewhere, and even without a stimulus package, weve got a whole bunch of them that should do just fine as a matter of fact, theres a lost of breadth here first, the relentless bull market in housing. You can think tall brothers, dr horton, these companies are huge kinc covid winners. When youre stuck working from home, your housing priorities change who wants to live in a tiny apartment in the city to save time on your commute when you have no commute. This is the zoom economy, people you might as well move to the suburbs or the country where you can have more room thats why t
Charges against huawei including conspiring to steal trade secrets we have from the need for caution in considering license applications the u. S. Continues to have Major Concerns about way this comes as america heightens its Global Campaign for its allies to ban wall was equipment into their next generation of 5 g. Networks but just weeks ago in a blow to the United States u. K. Dismissed terms claims and they said that it would allow always 5 g. Into the country at least into its nonsensitive parts. We for us at least the. People of this country the consumers. They will. Want you to whatever. Does your family who. Are Critical Infrastructure security. Are. Working together with other. Cars right. Now despite the u. K. s decision the Trump Administration is now moving on to warning germany u. S. Ambassador to germany Richard Grinnell said President Trump personally called him to make clear that any nations who chooses to use an untrustworthy 5 g. Bender will jeopardize that u. S. Inte