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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 remo ....
Thank you for being with us on this simulcast, Bloomberg Radio, Bloomberg Television worldwide. Tremendous news flow wrapped around the details of a worsening pandemic worldwide, and indeed across this nation. Also looking at markets off the faxing news, futures up 10, dow futures up the vaccine news, futures up 10, dow futures up. New low on the vix as well. Looking at the calendar, everybody is recalibrating. Weve got a major house recalibration of the equity markets out moment ago. Jonathan at Credit Suisse, Jonathan Golub, they have a forecast yearend on the s p for the end of 2021 with a 12 upside. The 2021 forecast is designed to answer what the future will look like in the future. He makes the point at the end of this paragraph that the rotation into th ....
And as andrew was talking about, with mr. Lansdale, big tech will testify. The ceos of facebook, alphabet and twitter will face questions from a Senate Committee this morning. We, of course, will bring that to you carl guys, a lot of jitters, jim, this morning, as to what macron may say later on tonight, european time. Your point on social media has been this premarket weakness is not about the earnings themselves. Right look we would be in a stay in place order if we adopt what merkel is talking about. We have never been on the same page as merkel when trump came in she is more rigorous about hygiene and about masks and social distancing than our country is our country is not the way of germany. I would say you see chicago close, all the dining places, and restaurants and start thinking about travel, leisure, hospitality, it then bleeds into boeing we have this morning and i think it is impossible to think about boeing without ....
White house whether the president sticks to that. A lot of people think the president is throwing out a negotiating ploy here. Im taking at his word likes he doesnt want to do it virtually. I dont know what the alternative can be and next debate further back. What are you hearing . Reporter keep in mind, neil, this all happened very quick. The commission on president ial debates this morning said the next president ial debate would be virtual. Moments later President Trump appeared on Maria Bartiromos show, no, no, he will not be involved in that at all. The campaign clearly took the cue from the president they then put out a statement saying instead the president will hold a rally that evening. Joe bidens campaign has just come out and said instead on that evening biden will speak and take questions from voters as the debate was supposed to be a town hallstyle format. Here ....
A treatment. Bt just topped the stock 600 on the report with the Biggest Group preparing to fend off a 15 billion take over bid. Getting back, bytedance plans to sue the u. S. Government as they look to fight the executive order banning American Companies from working with it and Oil Stocks Jump as the u. S. Prepares for a twin storm scenario the gulf coast braces impact for two Tropical Storms set to hit at almost the same time this week a vaccine developed in the u. K. Ahead of novembers president ial election. According to the financial times, the u. K. Food and Drug Administration is awarding emergency use authorization in october for the vaccine that was developed by astrazeneca heres how its trad ....