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
A whole list stiglitz another no bo wening in correct call on bitcoin and theres still a huge and long list because for the reasons that we said it was going to take over the Global Economy those reasons of now been accepted more and more by the global population and jamie dimon is a guy who he is defending the status quo is part of that front line to keep. Real price discovery and real money out of the system he preserve protect or of the out money and all the fake price discovery that goes with it and all of the financing of wars and corruption that goes with it all the nickel and dime ingin and failure to perform even basic banking skills that go with it the ability to pay off the billions and tens of billions of dollars of fines hes been levied because of his law breaking his recidivist law breaking over and over again and now his day is just about over i suspect hell be retiring in the next 6 to 12 months because out of utter disgust and shame he really needs to just leave so they
Back with another look at about an hours time stay with. Us. Oh hi there im max keiser this is the kaiser report what they wonderful trip this is ben bitcoin of a dollar 2011 right here kaiser report we told you to buy it was going to compete with gold to take over the world it was in fact perfect money and still is and will forever more be well lets see how this is working out stacy so we were right jamie diamond was wrong and yet jamie diamond the guy gets paid a 1000000000. 00 to be wrong all the time thats kind of how they why the economy is in a crisis is that these people who are wrong of us time keep on getting elevated to higher and higher positions and they get rewarded and celebrated as heroes in hated big queen at 10. 00 and we talked about it he did that 100. 00 he did that at a 1000 and well he loves it at 13000 to show you how this has worked im going to show you 24 teen have behind from our j. P. Morgan chase c. E. O. Denounces big queen as terrible predicts its downfall
Be done without any precedent in the time at least ive been on this committee which is about 25 years. And its being done i guess to show power and push someone through really abrogate the value of hearings that this committee should treasure and respect so i very much hope this does not happen if theres no need for and is going to create a lot of bad will the doesnt need to be created. Today was the final day of confirmation hearings for judge Amy Coney Barrett judge barrett was not involved in todays hearings but it was still heated at times yes our washington correspondent Alexandra Limon joins us now live with details alexandra. And vicki good evening. And despite the opposition that we heard from Democratic Senators like senator feinstein there, the interactions between those senators and judge barrett were still pretty amicable all week long but today lawmakers did lose their patients with each other. Points. In the final day of hearings Democratic Senators continued to push agai
For some today and as we mentioned the number of customers without power in Northern California. Is about 30,000 around the bay area. Alameda napa sam, a tail Santa Clara Santa Cruz and sonoma counties all have more than a 1000 customers who are in the dark. Although people in some sections have been given the allclear and that means their power could be restored soon so lets get the very latest now from kron fours Justine Waltman shes in our newsroom just a well pamela allclear signal has been issued for portions of Monterey Santa Cruz and santa clara counties, which means. That pg e crews can now begin patrolling all these d energize lines whether thats by helicopter or by foot or by car. And once theyve confirmed that the lines have not suffered any when driven damaged and that hazards like trees are removed customers spent can have the power restored sort still a ways off but theyve been given the all clear so lets take a look at where the power is out right now thats the purple tr