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Were learning in the wake of the shocking ipo yesterday where buyers seemed indifferent to the share price if you wanted to buy snowflake, you had to sell something else, which triggered a selloff in the nasdaq, and that spread today, with the dow dipping 130 points, and the nasdaq losing 1. 27 . A lot of people call into question what theyre doing paying such high prices. We saw the spectacle of a stock trading at more than 100 times, not earnings, but sales. Dont get me wrong, snowflake should not be about making money, it should be losing money. It makes sense for management to spend fortunes to dominate the cloud Data Management business you want to win, youve got to spend. Snowflake is not the issue, though the ceo will do everything in his power to deliver for shareholders hes got an amazing track record i totally understand why people are willing to pay for the nose for his stock. I liked it even as high as 125 but i jumd ....
70s, so this is well above average and this very warm weather will continue through sunday. Humidity will increase through end of the week and weekend. Temperatures in the upper 80s. The heat index around 90 plus, could get as high as 93, 94 tomorrow or saturday, but want to drink plenty of water, void strenuous activities if you must be working outside take frequent breaks, through the weekend. Coming up more on the memorial day forecast and how tropical moisture could play a bit of the role. We will talk about that when i join you inside. Back inside to you. It is cooler down the shore, Vittoria Woodill is there and will have a live report from high above wildwood. Where the unofficial start to summer is getting underway with memorial day weekend 2016. You dont want to miss the report coming up in ten minutes. In the meantime check shore weather, city weather, pocono weather, anytime at your fingertips, down load free cbs phil ....
Already in philadelphia. At the airport we are at 59, and i have been on the sky deck a handful of times and it will feel confidentable outside. If you want to walk outside without a jacket in those outlining suburbs go for it. 88 degrees is the expected high. Wall to wall sunshine throughout the resort towns, flirting with or hitting 80 degrees in those spots. It looks awesome. The one caveat i would throw in there, guys is that with this kind have heat were expecting in the next couple days you do want to just take extra precaution, pretend it is dead dog days of summer here where we will end up with a dead heat of temperatures in the upper 80s and heat index values in the 90s. Drink water, void strenuous activity, no heat advisories in effect at this point but we have an air quality a leather, today. So yeah, those are the kind of side effects that we tend to see with patterns like this. Meisha, over to you. All right, katie, i brought my spf because we will need it today. Dont forg ....
Brittany Higgins' wedding is set to be a rain-lashed washout - but who's on her guest list and who's NOT... as Lisa Wilkinson rugs up in an $1,850 woolly jumper and $1,700 Dior sandals dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.