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 remove the price out of the equation. I think what youre looking at right now is in 2020, we have gone from the idea
Public. Deciding that the scrutiny directed toward him had become too much of a distraction. The resiliency of facebook, despite the backlash over big tech. I get that. Im not the ideal messenger for this right now. We have work to do to build trust. What does the future hold as we head into 2020 . A special edition of Halftime Report in San Francisco, begins right now. And we welcome you to 1 market we have a great lineup today were going to be joined exclusively in a little while by snowflake chairman and ceo Frank Slootman as he prepares to take the Company Public in the year ahead. Frederick kerrest, the cofounder of okta, that stock up more than 90 this year were joined by Brad Gerstner who helped us take stock of whats happening in the valley throughout the year. Deirdre bosa is with us, covered the ipo and Venture Capital markets closely as anybody its great to have both of you here so brad, interesting year to say the least. Uber, lyft, they go public wework blows up. What do y
Veteran investor mark moby says helicopter money will be that bojs next move, but may not have the desired effect here and follow me on twitter at rishaadtv, and use trendingbusiness. A lackluster session in the u. S. , slightly to the downside. Here is david. We are not seeing a lot of price action. Equity prices, volume, orex, the dollar on the downside. Equity markets mixed, volumes not quite there. Japan, but a pickup in australia. In china, we will be watching reaction there. The banks report later on. Hp reported last night, very disappointing. How theve a look at tech and computer makers are doing. It was disappointing. You look at sales for hp, personal computers came in flat, printing revenue declined 14 . That is on top of 16 last quarter. Sector inook at the taiwan, you are a competitor to hp or eight supplier to hp. Have a look at some of the decliners. Have a look at some of the gainers. Decliners are doing this, 1. 7 there. You get the picture. That is the story so far. W
Apartment and common areas of the latest ebola victim. That victim is a nurse who helped care for thomas eric duncan, the ebola victim who died last week. Shes a 2010 graduate of texas tech university. And she remains in isolation at the hospital where she works. The system was established to protect those who cared for mr. Duncan as well as the community at large by identifying any potential ebola cases as early as possible and getting those individuals into treatment immediately. Ebola is transmitted by coming in contact with bodily fluids from an infected patient. The head for centers of Disease Control says breach in protocol exposed the nurse to the virus. Theyre focusing on several procedures where the breach couldve happened. The two areas well be looking particularly closely is the performance of kidney dialysis and respiratory. The first known case of person to person infection in the u. S. Raises questions of whether hospitals and Health Care Workers are adequately prepared t
Whats really happening behind the scenes on a day like today where the dow plummeted, 128 points and the nasdaq declined, nice rally there,. 28 which was quite a rebound from the lows versus the dow down 460 points in one point and still representing another assault in the markets psyche. You know what some todays action had less to do with the fundamentals and more to do with how Big Hedge Fund react to a selloff. You will learn something tonight. This bruising was about the flawed mechanics of the market. What its really like in the trenches of the session so to speak. Fortunately, ive lived if had those trenches. Let me tell you, on days like today it is nasty as all get out in there. In fact, you need to understand just how much pressure the actual sellers of merchandise can put on your stocks because at times like these, its these sellers who control the the action that hurts your pocketbook, not the actual performance of the companies themselves that you own shares in. First, why