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
Heavily political negotiation we said we cannot tell what is going to happen. The market seems to believe there will be some kind of stimulus, the dow up this morning up 150 and nasdaq of 171. Plenty of green on expectation of a stimulus deal. As for the white house, doctor sean conley says the president has responded extremely well to treatment. And expects him to return to public engagement, mr. Trump is going to do just that, hes going to florida for a rally tomorrow. Speaker pelosi questioning the president s fitness for office, she intends to bring up the 25th amendment to the constitution which is about the presidencapacity to function. On the one hand they negotiating training in dollar stimulus plan and on the other the speaker questions mr. Trumps ability to run the country. To the debates, more confusion. Mr. Trump will not participate if its virtual, joe biden says he will be there anyway. But he has scheduled a town hall with abc on debate day, october 15 and a raging debat
To technology. Just a little more about rana, she was named by forbes in their list of americas top 50 women in tech and fortune included her in their list of 40 under 40. She was also the cohost of pbs nova series on ai in 2018 its really great to have you here rana. Before we dive in. I want to share how this topic into the iv overall mission. It ivy everything we do is to help unlock our own potential and the potential of people around us. So that happens through learning and through community. The more we learn about the world and about ourselves and the more we surround ourselves with other passionate individuals i want to make a lasting positive impact the better we will do the better we will unlock our potential. When i reflect on this topic Emotional Intelligence, ai, this isnt just about machines its also a lot about us and the future that we want to shape and we want to be a part of. I want to kick off by asking you why is this topic so important . Why have you chosen to writ
A good market and we will let you know why. Of course kobach the program it was the worst day on wall street in more than 3 decades stocks plunged again on thursday triggering a stop in trading for the 2nd time this week the Dow Jones Industrial average fell by 10 percent self calming amid growing uncertainty over global measures to contain the economic damage of the coronavirus pandemic so far emergency measures by Central Banks fails to dows mounting recession fears due to their losses or worse and by reactions to a travel ban to the United States for most european citizens. Will cross over to our wall street correspondent in a moment but 1st brussels has it back and washington straggle than you Officials Say it came without any consolation now u. S. President trump says there was no time for talk its already causing Airline Problems as normal. There the largest foreign carrier serving the new york region says its scrapping another 4000. 00 flights and temporarily neighing off up to
Woman back home blood bones by then 2000 and social goals and inform them of old dead be surprise. My name is them out of the home and they work at. The trouble continues wall street has its worst things since the 987 crash investors the governments and Central Banks antivirus measures us too little and possibly too late sending stocks into a tailspin also all the coronavirus nightmare for the global Aviation Industry gets worst as the United States bars travelers from most e. U. Nations from entering the country and whats more expensive than going to pull a deal. Seeing a market and we will let you know why. Kris kobach into the program it was the worst day on wall street in more than 3 decades stocks plunged again on thursday triggering a stop in trading for the 2nd time this week the Dow Jones Industrial average fell by 10 percent the self coming amid growing uncertainty over global measures to contain the economic damage of the coronavirus pandemic so far emergency measures by Cent