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
Clean up the sand, its going to take hours look at this mess here is one big rig, heres a pickup truck in the middle heres another big rig that flipped over once again the 3 right lanes are closed. This is the spill thats a lot to clean up right so for those of you who are trying to get over to south 6 ad you can get by, but you will be delayed, im just recommending that you go ahead and hop off admission use mission to continue off to fremont darya and james, this is not what they meant when they said bring your own sand to the beach this is not what were talking you see that huge spill take hours to get this cleaned up and out of the way this is in fremont the adMission South a big mess want to look at dire that well thats all you a lapse thats thats not good and this is just one big rig. Thats of all we have at least 4 others that you can back and look at that theres a pickup truck in the middle another big rig on the right that left its going to be the is better than chickens. Beca
So as we await those developments, weve got the dow, lets check it here, up 52 points. The s p better by 15. The nasdaq, up 58. All three of these indexes were down double to triple digits earlier. Right now, the nasdaq has been on fire. Now, since the march lows, its been the winner, right . The home of apple, facebook, microsoft and so many of the tech blue chips is a stock that is up. Nasdaq ceo is here to tell us where she sees big tech and all the other sectors in the nasdaq heading in the near future. And what might happen after the november 3rd election. Plus the zillow cofounder is not house hunting, hes Company Hunting. Hes here to tell us what hes looking for for his blank check company, his spac called super nova which just blasted off. Selfdriving cars, speaking of blasting off, roaring into the future and the present, hitting the streets of San Francisco without a backup driver for the first time. Gms cruz ceo here with how its going and should he convince you guys to get
Mountains and also in southern San Mateo County thousands of people have had to evacuate these communities where the fire is burning and also where the fire continues to threaten theres been extensive damage in areas near Boulder Creek and also in bonny doon homes. Theyre just incinerated by the fire hundreds of other buildings have also been destroyed and many more are still threatened fire crews have been dealing with these intense fires for days now fire Officials Say that it is actively burning in heavy timber and thick undergrowth one of the big concerns has been burning trees which have been breaking apart hitting the ground and then causing the potential for more fires to spread however, firefighters have reported that there have been better firefighting conditions, thanks to improved. The weather. More aerial attacks and an increase in the number of crews that are working the fire. But evacuees that have been staying in nearby santa cruz have been patiently waiting for more upd
Today just like yesterday, it is t a company by wind and dncause of the lack of when they al expect aircraft to be up in the air very soon to dump approximately 200,000 gallons of water if not more on the oday, they are making progress not a lot of progress as far as leaps and bounds, but they will take it 17 containment, thats up from 13 containment. What youre looking at right its fog thats not smoke so Good Progress there. But it has een very destructive. The number of homes and structures destroyed has gone up in t overnight hours from approximately 280. 2 now 330 structures and they do expect that number to go up because part of the firefighting process today is try to make inroads into a hard to reach areas which have bridges that have burned wooden bridges, theres fallen trees, theres debris. They hope to clear that get into those areas and count their homes that are still there and destrobut going to go do that and get back up in the r firefighters on the gr about 1400 of them.