Were going to get smarter on that with our guests this hour take snow dflake, that recordbreaking debut you heard about all morning, priced at 120 now indicating 19 to 195 the largest software ipo ever. Their thesis, a new way to work with data in the cloud those indications as i mentioned way above the ipo price. The ceo joins squawk alley right after the first strad. And theres adoe bee ahead of last nights earnings. They reported 15 Revenue Growth the best q3 in the companys history. Stock is taking a breather in the early trade. Well ask ceo about that in just a few minutes. And dont forget about apple its mac and ipad lines got a boost from work and learn from home imperative. Major Tech Companies like apple are leaning into the work, learn and kperds from home phenomenon. The new way of working is rich the real question here, guys, is future upside already baked into these valuations, carl boy, just look at those snowflake indications. We went into this morning, jon, looking at h
The bipartisan poster board of governors engaged the professional search firm that identified him as an outstanding candidate with the necessary background and skill set to tackle the enormous challenges facing the postal system. The bipartisan governors unanimously approved his appointment as postmaster general. Mr. Dejoy reports to the board, not the president. Another false narrative that has been a failure to provide another false narrative a failure to provide funding to the Postal Service will undermine the election. The Postal Service currently has 15. 1 billion in cash on hand, following a betterthanexpected Financial Performance during the pandemic. Rather than being down, the Postal Service revenue is actually 1. 5 billion higher this year than during the same period last year. The postal system would have funded its longterm and entire healthcare liabilities as they were incurred. Because they didnt, those unfunded liabilities now total 120 billion. Unfortunately, the 2006 p
To also been subjected political assassination perpetrator to gain political advantage. I hope we can stick to the facts in this hearing today. One part of the false narrative is that the postmaster general is not appointed by president trump. The bipartisan postal board of governors engaged in a professional search for him, identified him as an outstanding candidate with the necessary background and skill set to tackle the enormous challenges facing the postal system. The bipartisan governors been to repeaty i want that, the unanimously approved his appointment as postmaster general. Mr. Dejoy reports to the board and not the president. Another false narrative is that a failure to provide funding to the Postal Service will undermine the election. The Postal Service currently has 15. 1 billion in cash on hand. Following a betterthanexpected Financial Performance during the pandemic. Delivery,urge in rather than being down, the Postal Service revenue is 1. 5 million higher this year tha
Politics is a business, whether people want to believe it. Our we leave this segment to go live to a Senate Hearing with postaster louis dejoy on Office Operations going into november. Mr. Dejoy, your decisions have cost americans their health, their time, their livelihoods, and their peace of mind. I believe you owe them an apology or the harm you have caused, and all of us some very clear answers today. Isuntry is anxious is anxious about whether the damage you have inflicted can be reversed and what other plans you have in store which could further disrupt liability and Timely Delivery of the Postal Service. If you plan to continue pursuing these changes, i think my colleagues and many of our constituents will continue to question whether you are the right person to lead this indispensable institution. Thank you. The tradition of this committee to swear in witnesses. Raise yourmr. Dejoy, right hand. Do you swear to tell the truth, the whole truth, and nothing but the truth, so help
Right hand. Do you swear to tell the truth, the whole truth, and nothing but the truth, so help you god . Postmaster dejoy i do. As postmastered general, and you spend more than 35 years developing and managing a successful nationwide Logistics Company as chairman and ceo of new breeze logistics. Beginning in 2014, mr. Dejoy served as the ceo of Xpo Logistics and after his retirement in 2015 he joined the companys board of directors where he served until 2018. Mr. Dejoy. Postmaster dejoy good morning chairman, Ranking Member pierce and members of the committee. Thank chairman johnson for calling this hearing. Proud to be with you on behalf of the women and men of the United States Postal Service the on june 15 i became 75th postmaster general. I did so because i believe the Postal Service placed plays a positive role in the lives of the American Public and lives of the nation. I also welcome the opportunity to lead this organization because i believe theres an opportunity for the Posta