Welcome to squawk alley for your wednesday morning im Carl Quintanilla with julia bore steen, mike san tolely with us for the hour dow is lagging down 60 jackson hole tomorrow, of course, were watching hurricane laura, the retailers but mike, crm, continues to astound. We thought 20 gain was impressive its now at session highs of 27 today alone on what bloomberg called the best revenue surprise in a decade. Yeah. Its pretty remarkable obviously the results themselves are emboldening people to say that this was as expensive as the stock has always looked undervalued or misvalued or didnt appreciate the durability of what theyre doing on the market share side of things for the longterm. What is interesting, too, if you look at it compared to some of the other software bell weathers over the last couple years, as big as todays move is, its kind of a catchup if you look at how microsoft and adobe in particular their anointing crm into that class inpenetrable areas that seem like theyre goi
Additions here amgen, honeywell and salesforce which report after the bell. 59 minutes left of trade welcome to the big show, david yep and head on todays show as well sara, were going to discuss the Economic Data points and what the outlook is Going Forward were going to have the council of economic advisors acting chairman his name is tyler goodspeed. Hell be our guest plus, well focus on todays strong housing dwrat with redfins ceo glenn kelman. And it may be late in earnings season there are still some big names reporting after the bell including sales force, nordstrom, Toll Brothers and more well bring you all the numbers, sara, as soon as they hit the tape before all that, lets get straight to the market the major arnlgs following another record high for the s p 500 yesterday. Mike santoli is tracking all of the moves for us good morning i should say that is the last time ill do that, mike good afternoon, mike. 3 00 p. M. Is the last time were going to call it morning appreciate
Global news 24 hours a day. I am alisa parenti. This is bloomberg. Bloomberg technology is next. Cory i am cory johnson in for emily chang. And this is bloomberg technology. U. S. Payrolls fall but wages soar. Withuture of employment the head of talent at linkedin. Solar powereslas could help the island recover from the storm. New reports about swelling in the iphone 8 battery. We dig into how big the problem could be for apple. The u. S. September jobs report showed payrolls declined for the First Time Since 2010, but it is all about hurricanes that hit the u. S. Without that the labor market maybe did not look so bad. Maybe because people with low wages could not go to work or overtime. Labor Participation Rate rising to the high since 2014. The director of National Economic council spoke to bloomberg from the white house. He said the u. S. Can increase this figure by luring more businesses to the country. When you lower the tax rate, we make ourselves more competitive. We make it th
President obamas efforts to slow global warming. The e. P. A. Says the rule exceeded federal law by setting emission standards power plants could not reasonably meet. A u. S. Soldier who went missing in niger has been found dead after an ambush by extremists during a joint patrol with local troops. The soldier was one of four u. S. Troops and four from niger killed in the attack. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Bloomberg technology is next. Cory i am cory johnson in for emily chang. This is bloomberg technology. U. S. Payrolls fall but wages soar. The future of employment with the head of talent at linkedin. High hopes teslas solar power could help the island recover from the storm. New reports about swelling in the iphone 8 battery. We dig into how big the problem could be for apple. The u. S. September jobs report showed payrolls declined for the First Time Since 2010, but
Hang seng index was weaker down 0. 8 . The shanghai was flat. European equities this morning, if you want to look and see whats happening in early trade, green arrows across the board. The ftse is flat the cac is up by a half percent. The dax is up by 0. 2 . Crude oil prices which were up once again yesterday, weve seen at least six sessions in a row of gains, up to 45. 28. Here are the big stories. Good morning Tesla Ceo Elon musk tweeting again. When asked about speculation on the release date for the model 3, musk tweeted news on sunday the model 3 is teslas highly anticipated socalled affordable model. Starts at 35,000. Musk says the production version of the model 3 will be unveiled in july, but still no official release date tlaes has taken in more than 400,000 preorders for the car. James bullard is retreating further from his formerly hawkish stance on rates. He said weak data undermined the feds plan and the central bank should take a more reactionary approach, if and when it