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With so many businesses working remotely. One of the biggest work from home names is slack, which has seen a flood of new customers as remote work continues. Shares had been soaring, but got pummeled in the last few days after the Company Reported a miss on feelings expectations. Ceo of us to discuss the slack. This is a pretty big move and one of the biggest selloff of slack shares in particular since you have been a public company. What is your take . It gives the backdrop of a lot of volatility. I definitely think the billings missed you mentioned is important. We were a pretty young company, 6. 5 years old. We are coming into our sophomore year. There is rightfully a lens of skepticism on whether this growth is durable. Happened this quarter is different. We had the pandemic. Record unemployment. New paid 8000 net customers in the quarter. That brings the total to 130,000. 130,000 businesses, they are small and medium busine ....
In kind irgarthen pay for school lunch selling cocoa and cookies. It has it all, capitalism, and charity. That and much more on making money. Charles boeing shares soaring today. The Company Announcing that the ceo is stepping down. In his place David Calhoun and he will begin in january in the wake of two deadly plane crashes, and how the Company Handled the whole problem with the fleet of 737 max jets for months now. Boeing, the most important critical, stock in the Dow Jones Industrial average, helping that index hit a new alltime high. Now many people are starting to ask, could this be the greatest stock market rally year for the market ever . I want to bring in bellpointe chief strategist david nelson and phil blancato. Start with bowing. It was unmit ....
Catalysts for investors on the horizon. With fed meetings this week and new tariffs set to go into effect this weekend. Joining us, ian winemore weve been paying close attention to these big trade headlines. How much is this influencing what were seeing on wall street these days i think its overstated as to how much its actually influencing wall street. I think theres two things at this point the first is that theres so much liquidity being pumped into the marketplace by central banks. They Just Announced another round of qe, even though theyre not calling it that. And youve got positioning, which is a very big deal a lot of hedge funds and active managers are lagging again some for the last ten years, and because of that, they cant afford to miss a rally you see this synthetic short base, where people are long cash, and thats why selloffs like today, youre not seeing a whole lot of followthrough, because need to hold until the en ....
Over a very short period of time, that well hit a yet new record. I think we have 118 records for hitting the top stock market. Two weeks ago, the fake news was trying to convince people that maybe theres a possibility for a recession. Well, lot of things have happened, very positive. Kristina steve, i want to direct this question to you. We had Peter Navarro say the economy is solid as a rock. Do you believe, are you in the camp that believes the economy is doing really really well, or that we are starting to slow down and recession could be coming . Somewhere in the middle of those two things. Its a very strong economy, no question about it. Especially for workers. If you are a worker looking for a job, its never been better in 50 years in terms of the 7. 3 million job openings. The china trade dispute certainly has slowed down manufacturing and Industrial Production ....
Russias president has condemned the recent test of a u. S. Cruise missile saying it appears to have been developed long before washington quit the i. N. F. Treaty which bans such weapons that to me appears him was also about the issue after talks with the finnish president in helsinki hes done a call to discuss the story with my colleague daniel hawkins. The russian president touched upon a number of issues at the press conference from the i. N. F. Treaty like you said to the ongoing protests in moscow now on the latter the western media has been accusing russia of cracking down on its opposition but lattimer putin stressed that the police have been acting within accordance to the law so we too must protest in moscow not something unique need the for the world as a whole not for europe in particular weve witnessed similar events in many european capitals these events oh much would also politically fueled and have quite grave consequences for the protesters now theres plenty of discussi ....