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
I am Amanda Glassman is senior fellow and executive price president at cdc. Today we will be talking about death and data in low and middle Income Countries from covid19 and all other causes. Accurate complete and timely data on mortality probably the single most powerful policy tools we have today to mitigate the Economic Impact of covid19 but what is also clear is that we have not collectively built the systems necessary to record peoples death in ways that enable more and to protect livelihoods. This failure does not only spawn individual experiences that creates unnecessary suffering. How is it possible to assess whether Subsaharan African countries are winning the fight against covid if a large share of total deaths and noncovid years go unreported or how to judge the trajectory of pakistan during covid19 if no mortality data of any kind is being ripped ported in the Public Domain according to dub a joes 2019 mortality report. Today will be talking about one strategy and mortality
The show. A oneday day holiday on monday. We have seen initial gains of 85 , but still a healthy debut. A big ipo in hong kong. Smic is picking up 3 despite reports earlier. Gaining and alibaba is also up, close to four points. Currencies it onto in terms of cnh. It is around the level that it was fixed at. Pound, between brussels and london, increasingly concerned. It is currently down. 4 . 39, 1. 7 . Yvonne how they are going to reopen is still the key question. More than 4 incline. A rallyting a blip for reversal. Thisrine, we have seen text selloff just for a bit. Thisthat it can lead market at the moment or i looking too tired at the moment . On one side, you see the market really being driven with a lot of liquidity and strong retail participation, also in the u. S. , so i know it is contrarian, but when you look at the sectors, some of these companies are delivering on earnings. Fundamentalsat the and these companies that can achieve earnings growths. What kind of correlation ar
Fallout falling far beyond the economy. Is too early to get bullish on energy prices. Lets take a look at how markets are shaping up this tuesday. Take a look at asian stock futures. The japanese gdp is expect it to be revised of the second quarter. Futures moving higher. Chinese bought a water maker starts trading, kicking off another wave of ipos in. Sydney, as we go to overweight by j. P. Morgan. On u. S. Futures this morning, Goldman Peter oppenheimer betting that tech will continue to drive returns in the bull market. Jp morgan saying overweight tech and pharma. Nasdaq futures are under pressure. Check out wti. As the demandrrel recovery is coming and flatter than expected. Suggesting ongoing concerns when it comes to the supply and demand dynamic. Lets check in on the offshore yuan. Nomura cautions against chasing further gains as the appreciation has been driven by dollar weakness. The u. S. Could slow export growth and stimulate imports, which may be against the goal of becomin
Fallout to spread beyond the walls largest economy. As the brexit bluster ramps up, why Boris Johnsons threat is leaving most economists and traders unruffled for now. Haidi lets take a look at how we are setting up when it comes to the asian trading session this tuesday. U. S. Markets remain largely close for the Labor Day Holiday and this is how we are shaping up when it comes to the futures session, looking like we could get some positive momentum going into the resumption of trade. S p active futures up. 7 after the s p closed at the lowest level since august. We have the tech selloff really continue until full force on friday and will have to see whether that resumes when trading resumes later on this week. The nikkei 225 is up by. 3 when it comes to the future session as we get the leadership race in japan officially kicking off dollaryen pretty steady. 106 and a. We have the dollar rising against every g10 peer. The u. K. Is getting closer to that Nodeal Brexit scenario. New yor