Welcome to squawk alley for your wednesday morning im Carl Quintanilla with julia bore steen, mike san tolely with us for the hour dow is lagging down 60 jackson hole tomorrow, of course, were watching hurricane laura, the retailers but mike, crm, continues to astound. We thought 20 gain was impressive its now at session highs of 27 today alone on what bloomberg called the best revenue surprise in a decade. Yeah. Its pretty remarkable obviously the results themselves are emboldening people to say that this was as expensive as the stock has always looked undervalued or misvalued or didnt appreciate the durability of what theyre doing on the market share side of things for the longterm. What is interesting, too, if you look at it compared to some of the other software bell weathers over the last couple years, as big as todays move is, its kind of a catchup if you look at how microsoft and adobe in particular their anointing crm into that class inpenetrable areas that seem like theyre goi
Game 70 and game 2 is currently underway. The as elected to postpone their game against the rangers today and they played last night is scheduled because there was an issue getting everybody together to make a cohesive decision and the shortstop, a bay area native said it was important to represent his hometown in this fashion. The city that we play in has a long history of fighting for what is right. That is what we are trying to do here. I feel like a lot of our fans will have our backs on this one. Especially when they turn on what they think will be an as game and it is not on there. They will understand why. Reporter for the second straight day, the nba playoffs have been postponed in the Orlando Bubble and according to reports, players voted to resume games this weekend and stay tuned for that. Also today, the wnba decided to postpone their season on hold in florida while the National Hockey League Postponed playoff games scheduled for today and tomorrow and my understanding is e
Its up 9 you think about the Digital Infrastructure for fitness, a time when its kind of hit or miss whether people can gather inn provides some of that not just in the bikes but in the apps spotify up almost 7 twilio, which provides payment and tracking services, data services, those apps up 7. Service now, amazon up considerably most of those stocks also up quite a bit over the past few day days youre right on peloton, wedbush puts them at 66 saying a blowout quarter is possible. Mark may joins us this morning to talk more about this. Mark, good to see you. Welcome. Thanks for having me back after a week when people wondered if this trade was still fresh, is today another reminder that its hard to keep this narrative down sentiment in the tech sector among investors varies depending on the time horizon especially now with earnings. Investors in general in tech are bullish. I know that for the most part Stifel Research analysts are bullish over the medium to longterm. There are differ
Travelers. Biogen, set to seek Regulatory Approval for a treatment for alzheimers for early next year. U. P. S. Shares sinking ahead of the open, despite a pretty nice ecommerce boost to profit. The ceo will join us later this hour. The ceo of verizon as well will be here at post nine in a few minutes. An interesting announcement, another guest as well, but i guess it is a mystery. Well wait to solve it in a few minutes. Lets start with earnings, dive right in. Tale two of dow components, p g up, quarterly beat helped by Strong Demand by premium Beauty Brands and mcdonalds falling on an earnings miss as growth on us comps came in below forecast u. S. Mcdonalds 4. 8, looking for 5. 2. Jpmorgan told us the quarter would run light. Im glad you messengered that a lot of people are saying this is a big surprise, a negative surprise if you listen to what jpmorgan said, you would have been ready for exactly this number, which basically to me says not as bad as feared. 5. 9 , thats a number th
From the journal and now the times. I mean is there good read on how much danger hes in . I dont know. He has control of the board. I think he ph wins a lot of support. The Company Needs money and dep was an important part of this whole thing and therefore he kept quite do what he has the power to do necessarily. Yep wipe out the entire board if he wanted, but they do need soft banks leverage. How much money do they need . Softmu softmoney, well see i think everyone is interested in getting this thing back on track and sort of recover from the disastrous s1. Kara, this feels different to me from uber but i cant figure out why. Its these two ceos who have this maverick streak who are on this growth at all costs, sort of tear. So why does it feel to me like if newman were to step away, the whole reason for believing in the companys growth wouk be at issue here. You mean without him its nothing . I dont think thats true of any company im not saying that, no but so much of the mythology ar