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Good morning, it is midnight in beijing its 11 00 a. M. On wall street and squawk alley is live. Good friday morning welcome to squawk alley. Im jon fortt with carl quintanilla. Its the end of cloud week on squawk alley. What a week its been. They have brought news on custom chips, Machine Learning and more sales force announced plans to buy slack for nearly 28 billion in the second largest Software Deal ever. Weve had ibm and microsoft weigh in snowflake and others have turned in blah earnings well hear from the ceo this hour what does it mean for investors already sky high investor malic noijoins us now i cant believe we never had you on squawk alley before i hope this is a trend i want to start with sales force slack. I know that you have known stu butterfield for a long time, even before flicker was a hit. You think this very expensive deal makes sense why . So lets remo ....
Nasdaq declined. 82 there is only one thought. Good, they all got a chance to buy. Not long ago on days like this we say oh boy, i got to get out of here while it is getting good who knows what it is going to happen with this thing it is going to roll over now we often see pull backs like this as opportunities that are too precious to swander. How do we explain the new mindset . I think because we broken the tyranny of the indexers. When the fed says something positive or when we get solid employment number. Either way, we were in the throw to these big macro events. They control everything. Not anymore. These days macro does not matter very much. And etf buyers have stopped reacting to this stuff instead they react to the opportunity so when stocks come down, these people step up and actually start buying, make it much harder to have a hideous selloff you know what there is nothing new about this less lock steps opportunity mindset. This was the old new normal of the index funds 20 ye ....
With no diplomas mit graduates number one in that everybody had the person and you know what the other side wanted to get together they wanted to unify success is going to bring us together we run the road to success but im cutting taxes and he wants to raise everybodys taxes and he wants to put new regulations are never think he will kill it if he gets in you will have a depression the likes of which youve never seen. We can grow this economy we can deal with the systemic racism and the same time we can make sure that our economy is being run and moved and motivated by clean energy creating millions of new jobs and thats the fact thats what were going to do and im going to say as i said to begin what is on the ballot here is the character of this country disses honor respect treating people with dignity making sure that everyone has an even chance and im going to make sure you get that the United States has imposed sanctions on 5 ....