Also some tech m a. Oracle buying netsuite for 9. 3 billion in cash. That makes it the second biggest acquisition ever. Thats behind the 10 plus billion dollar acquisition just over ten years ago. Just had a conversation with people familiar with oracle speaking on this and i was wondering right now because larry and his Family Organization connected to him own about 40 of netsuite. This deal looks more expensive than oracle has been paying for cloud acquisition. So why do this now . It turns out if you look at what oracle has been up to over the past couple of years, they have been building out cloud infrastructure. Paying a lot of money for the Data Center Resources needed to become the Cloud Company that they want to be. They needed to get there before they could do this netsuite deal and make it flow and work and create the company and similar to if youre building out hotels you need to build the hotels before you can have the tenants actually make money. Thats something behind this. Also netsuite, because Larry Ellison invested in that Company Early on and had a close relationship with them, they used a lot of Oracle Technology over the years so part of the thinking is as part of oracle they wont have the cost to pay anymore for a lot of the infrastructure and the other technology that that suite has been paying for and overall in this cloud environment, we saw microsoft, linkedin. Were going to get amazons result tonight. Were seeing companies that are big in the cloud already trying to press that advantage. Not only through spending on capex but now trying to accelerate that growth through the certain kinds of acquisitions. If there is a master in integrating Big Companies after deals it perhaps, mike, is oracle but people soft which is the only bigger deal that they did took a long time to get approved because regulators love it. There may be scrutiny. Wasnt there a case two years agatha these companies agreed to operate in separate areas. Did things become too crowded as this space developed for them to maintain that kind of arms length. Thats a good question. Oracle intended to deal with larger customers. Netsuite but they do have them working on the same type of technology when it comes to Resource Planning and one could imagine that if oracle is looking at expanded internationally and domestically, maybe looking attackeling some industrial verticals. We wondered does that make a lot of sense . I would point out that tech m a in general, 360 year today and it seems to me that its one of those tail winds allowing this month to catch up to sectors. It also operates in a similar space and do you think thats the next one to get snapped up . Workday because its run by the people running people soft before oracle took it out in a hostile take over they have been careful to structure the company in such a way and its very difficult to take it out. Theyre very close with mark of sales force so thats one that you might look toward microsoft digesting linkedin. Its hard to see who is big enough. Certainly. On the heels of what has been a challenging year to say the least. The stock is moving higher by how much and lets go to San Francisco and he has an exclusive interview. Thank you for joining us. It seemed like the pressure now is really on go pro. You have to deliver big hit new products for the holidays. So new camera, new drone. Thats a lot on your plate. Why should investors believe, nick, that youre going to be able to pull this off. Well we have been doing it for 14 years. 13 of those 14 years and we didnt have enough new products and didnt have enough innovation and advancement proposition to consumers and we paid for it. And the back half of the year is loaded with the largest new product. Given the year you guys had a lot might have lost confidence in the ability of this Management Team to deliver now on the promise of all of these great products in the pipeline. Its like any sports team you can win every single championship every year. So when evaluating go pro its important to recognize we have been at this for 14 years. We have been successful. The brand is known for innovation. The customers love us the solution we deliver helping us capture and create and share compelling personal stories and our track record proves for itself. One year doesnt define a company or a Management Team. Well just have to wait a little bit longer until later this year. Talking about cameras theres an argument out there that this is becoming a saturated market. If you have a gopro and want one you already have one. Is it saturated or expanding . Its definitely expanding. And best buy target and walmart and the rate that our product is being off the shelf and suffered and we admitted last year we had too many products and we werent Strong Enough and we just now sold through that product and we should see revenue starting to rise. John, you had a question for nick here . Have you done what you planned to do when it comes to software to improve the User Experience and make gopros overall easier to use or is there a lot more to come . Theres a lot more to come but i think that were right where we hoped we would be this year and our acquisition of replay and apps really helped us accelerate our mobile strategy and in terms of desktop and Cloud Development all coming together for the 4th quarter and turn to Software Development were where we want to be but the experience today is not what we have planned for our customers later in the year. Nick, talking about other products in the pipeline, obviously lots about that drone but its interesting because youre entering a market here. Its an early market but a market with big names and clearly names with a lot of Brand Recognition already. What do you do to up end and redefine that . Whats your competitive advantage there . We so early days in the drone market. Its only been a couple of years that drones have been pop culture and one of our strengths is that gopro is a household name i dont think you can call them a household name so we have an advantage there and in terms of the User Experience how easy a drone is to use, theres so much room for improvement and thats our sweet spot and i think that gopros ability to deliver karma as an easy out of box experience that customers can have success with right away are well positioned to be positioned with karma out of the gates. When you talk about the improvements you need to make to the drone from the time it launched this year what feedback, what have they told you about the price of the product that will work this time around . This year we changed our go to Market Strategy a bit in terms of how early we share information about our new products with retailers. In previous years gopro was more secretive about our new products and we didnt share any new information until right before a launch and this year we changed that because we have to be a better partner around the world and Work Together with joint marketing plans to have the biggest possible launch for our new products later in the year and were doing that this year and the feedback that were getting about our new products whether its karma or our hero five line of cameras has been fantastic and validated our own believes about how these products are going to do in the marketplace. And especially in asia, china, japan, india, in the second half how do you keep that momentum going . When we went public in 2014 we shared that we were anywhere from 1 to 4 years behind internationally. Far more advanced than europe and asia and latin america for example and we said we needed to go and build teams and get people on the ground locally in those regions and begin localizing our Marketing Efforts and thats all bearing fruit this year and thats why were seeing the growth rates weve got and now the teams are starting to be effective in their home regions. All right. Thank you for your time today. We appreciate it. Thank you so much. Back to you guys in new york. Thank you josh. Meanwhile, markets are sitting near the lows of the session. The dow is down 96 points and the s p is down about 6 points and the nasdaq has gone into negative territory. Lower down by about 5 points. Cut to the atlanta gdp. Estimate is in focus in the markets as are earnings and continued central bank disecti n digestion. Ford down nearly 10 and sales are down in china which is a huge market for the company and lowering its as well. The stock has come off of its high with the rest of the market. Currently up 1 . The company, like other companies saying, brexit brought uncertainty but that transaction volumes will continue going up despite that. Coming up we have to talk more about facebook. We just had a monster quarter beating on earnings, sales and user growth. Google and amazon have their turn after the bell. Well look at who comes out the winner. Plus a deal in tech. Buying a company 40 owned by Larry Ellison. And its the busiest day of earnings season. Marriott ceo is going to join us to break down his numbers. Were just Getting Started on squawk alley. Stay with us. [announcer] is it a force of nature . Or a sales event . The summer of audi sales event is here. Get up to a 5,000 bonus on select audi models. Your Business NeedsBetter Technology to drive better performance. So you need it to be reliable and fast. Really fast. Introducing the comcast business Summer Savings event. Fast Internet Speed to drive performance, plus cutting edge wifi for your employees and customers, and voice mobility so your calls find you wherever you are. Get some of our most advanced products at a great price with over 500 in savings. Call today and ask how to get these savings plus a 250 prepaid card. Comcast business. Built for business. And here is the ceo on the Conference Call last night talking about whats next for the company. Ten years ago most of what we shared was online and most of it will be videos. We see a world that is video first. Over the past six months we have been particularly focused on live video. How it compares to the other tech heavyweights and Daniel Morgan senior portfolio manager. Gentlemen, thank you for being with us this morning. Start with you, facebook, the way i see it and and its a high bar for google which is the other big dog in Digital Advertising and this is like apple in the hayday of the iphone. What do we take away from this . Just a staggering quarter. Staggering. And the amount of the advertising spending that facebook is capturing of all that is moving online, advertising spending doesnt grow that quickly and a company of this size, growing 70 in the u. S. And the other thing is were just beginning at the end of the video and were talking about ad load and theres so many levers. They had instagram and just a spectacular performance. Trying to get people not to expect this performance the rest of the year. Given the fact that they were so sound in this quarter, do you buy it . Are they trying to sandbag at this point . Or are they really going to see a gross slow down at the back half of this year based on the tough comps . It gets tougher Going Forward. If you look at advertising revenue expectations in terms of total growth you look at a 14 to 15 growth rate. And obviously and maybe were not going to go 73 or 76 growth in ad revenue in terms of their mobile Going Forward so i think theyre trying to cast those down a little bit just because theyre hooking at the overall situation and they dont want to get the street too far ahead of them. And its like what apple used to do i guess. Starting to look at the ad revenue against what the New York Times reported today. Decline in print and digital revenue. Digital falling for the Second Quarter in a row. Wasnt facebook supposed to lift the advertising boat for print with instant articles . Is facebook now an enemy of publishing . Not an enemy but you have two dominant platforms. Google and facebook, snapchat is emerging. Linkedin is doing fine but twitter is solved but a huge percentage. Something like 85 to 90 of all spending is going to google and facebook and so ultimately, if facebook can share some of that advertising revenue with publishers and producers which they have started to do, then you start to evolve toward a cable and Cable Network model which is the model that most media had. Facebook is not an enemy and that is the future. It is huge. So lots of opportunity there. Oracle making a 9. 3 million cloud bet announcing this morning purchase of netsuite. Thats a 19 premium to yesterdays Closing Price and the deal is the second largest in oracles history. I wonder what your take is on all of this. Oracle likes to talk about not plead guilty willing to pay a premium and just where we are in the m a cycle overall. You see a lot of action across lots of different sectors. Semiconductors, microsoft, linked in. All kinds of stuff. What is the importance of this . Its oracle is playing catch upright now a little bit compared to lets say work day or sales force in term of trying to acquire their way into the cloud. They were not as aggressive as maybe microsoft was with office 365 initially but theyre kind of growing into it and trying to take a commanding position there but youre right. We had a tremendous amount of acquisitions. You mention linked in and microsoft. Thats giving buoyancy to tech underall thats been slightly underperforming compared to s p. You can see this coming from a mile away. Given the ownership stake allison had made sense. There is one report out yesterday that there is a cold water here. Plead guilty an analyst is hard and handicapping the intention of certain buyers threw some cold water on the idea that oracle was up 9 yesterday. And exten yin you waiting circumstances but it does point out the concerns and risks to oracle of paying up at this level. And it goes along with it. And having to pay up for the future and buying the future and paying a good premium for that. This is the way they bought their way into the ad market. They did well in that. And now theyre moving into cloud. Its a good deal. And then for work day and the cloud upstart on the other either who maybe dont have the scale or dont have the cloud momentum to compete. Well any time theres a Pig Technology wave shift like this you have both the Old Companies buying up some of the new ones and some new once get to the scale where they are the consol day tos and acquirers and the industry is going to consolidate. Theres no question about that. They both have great positions. Sales force is so big it could consolidate as well but there will be more combination. A quick last word for dan is knowing that, do you buy into this space thinking that there are going to be more deals or do you get worried that valuations that acquirers would have to pay for the companies are getting into that territory . Well, we own a lot of the stocks that were talking about today. Sales force are extremely interesting because of the fact that theyre probably next on the table for one of the big players to scoop them up so again youre right. Valuations are an issue with those two stocks. Its sometimes hard to substantiate where theyre trading at. Sales force became profitable last quarter put were definitely taking a hard look at those names because obviously theyre extremely positioned well and probably one of the Fastest Growing areas software and service compounding the growth rate is 34 so you want to be positioned in that group if youre an investor trying to get in the cloud. Right. Tech looking like a game of hungry, hungry hippos these days. Thank you so much. Meanwhile, i want to direct your attention to crude oil. Its down another percent and a half. Down 20 from its highs and thats all come in the last month. Trading at 3134. It was just about 50 a month ago. This has been this quite pressure on the overall market. It has not really spilled over into being a broader point of weakness in the stock market although now youre starting to see the high yield market give up a little bit of that strength it had for the last couple of months. That was where crude oil meets the stock market is through the junk bond market so it softened up a little bit here. Definitely worth watching. Conoco phillips disappointing again today. Its one thing that was working after the february 11th low in the markets and backed off steeply here. 45 to 50 in the sweet spot and we have come away from there. When we come back, marriott out with solid earnings. A look inside the quarter with the ceo in a cnbc exclusive and take a look at the Bio Pharma Company that fell hard on its debut yesterday. Today it is up slightly but were keeping an eye on it. Squawk alley will be right back. Eligibility . E you may think you can put off checking out your Medicare Options until youre sixtyfive, but now is a good time to get the ball rolling. Keep in mind, medicare only covers about eighty percent of part b medical costs. The rest is up to you. Thats where aarp Medicare Supplement insurance plans insured by Unitedhealthcare Insurance Company come in. Like all standardized Medicare Supplement insurance plans, they could help pay some of what medicare doesnt, saving you in outofpocket medical costs. Youve learned that taking informed steps along the way really makes a difference later. Thats what it means to go long™. Call now and request this free decision guide. 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Shares in ford taking a big hit and phil is in chicago with more on that. What we saw a week ago with general motors. Gm beat the street and raised its guidance for the year and is having a tech of a time now and then this morning ford comes out and tumbles after reporting two profits that fell 9 and also issuing a soft warning that its 2016 Earnings Guidance is at risk. Slower sales in china and there was very little in this report that make people say this is a one time thing. And up a billion dollars. That comes out to an increase of 430,000 per vehicle here is ceo mark fields talking on the Conference Call earlier today. We have seen a tougher pricing vierlt this quarter and we will face one Going Forward. And look to it. This is for it because compared to last year, that may be but relative to your competitor gm up to 1. 9 . Thats why you see shares of ford under pressure and also ford credit seeing much more this morning and as a result shares of ford down almost 10 guys. And fwrks m, i know people are saying well what happens with gm . It almost always trades in tandem with ford. Its down not to the level of ford today but certainly in tandem with people wondering is this when it comes to pricing in the auto industry. Steve, thanks for that. Lets bring in simon hobbs. West european stock markets are lower. They extended their losses during the course of the session. The rest of europe is effected by the brexit vote. The euro zone confidence is there in the wake of that vote and unploilt remains at this record low of 6. 2 . Within the u. K. Itself still the questions are very open. Today you saw what we call the guilt, the ten year bond in the United Kingdom. The euro might actually fall to a record low. Look how guilt has rallied and the yield has plunged in the wake of the brexit vote. Next thursday the bank of england meets and will cut rates. Working through some of the companies that reported today and its a huge report ding dayn europe. Theyre going to cut an extra 3,000 jobs. An extra 3,000 jobs as a result of the brexit vote. Deutsche bank continues to fall. Theyre saying they dont see a fall out from brexit yet and looking at the other movers today the big french outdoor advertiser is going to cut its spending, its investment in the United Kingdom as a result of the brexit vote. That means less plasma screens advertising, bus stops, and latin american currencies. And many stocks though have done well in the wake of earnings today. Logitech is a big gainer. And rolls royce. Five profit warnings in two years. New ceo cutting costs. Its done well today. Thomas cook which had been plagued by its exposure to turkey as a holiday destination has been able to rise and Anglo American is very interesting. Its coming very close now to its Debt Reduction target of 10 billion and thats encouraged a lot of people from the streets of new york. More adidas doing well and damone is benefitting from higher prices. Brexit is a big issue. Have to keep a closer eye out for all the adidas on the floor. Maybe not at your gym. I have a pair. When we come back Arne Sorenson joins us for an exclusive interview. Cutting its forecast like hilton did yesterday. As we have been discussing all morning, making a big bet on the cloud to the tune of 9 billion. Much more ahead on the cloud wars. Squawk alley will be right back. Good morning. Here is your cnbc news update at this hour. Angela merkel standing if i recall saying the fact that two men that came to germany as refugees and carried out attacks claimed by isis has not changed her stance on accepting migrants into her country. Footage released by syria showing intense fighting and humanitarian quarter let them lead. And back here at home democratic vp and taking it on to support hillary clinton. Quite a few times. Las oneonone freeway. The 101 and in fact, six of the top ten worst highways are in los angeles. Thats the news update at this hour. Donald back down to you. Thank you, sue. Now slightly in the green after it followed hiltons lead and it will now close in the next few weeks. Simon joins us now. He joins us from the bethesda program. Welcome to the program arne. Nice to see you again. Good to see you too. If you were to look at a common story coming out of the results, its clearly the un hilton and you both decided to downgrade this. Its not huge but for many people its a story thats emerging and you thought it might grow in this country 3 to 5 . And more about three. Why have you made that decision. What have you seen in the industry . Well, i just think gdp a quarter ago and, you know, in a way we were thinking gdp might grow in the 2 to 3 range and we dont know of course what the official figures were going to do and were in the 1 to 2 range. And its still strong and the groups are still strong how does it break down for you. What do you see at the moment. We have relative strength. The American Consumer is actually doing quite well. And spending money in other places. I think the Group Business is also quite strong. Often the Group Business is forward looking. It might be an annual meeting or a Product Launch and it might be pulling together a group of customers and companies are still investing in those kinds of meetings but when it comes to individual business travellers which is what they are, i think companies are a little cautious. I think they are experiencing a bit less Profit Growth than they hoped for. I think theyre a little bit worried about the future. Not worried in the sense of 2008 when we thought the world was coming to an end. I dont think people are necessarily talking about a recession but they are being more cautious and that caution i think is directed at gdp which is kind of sliding along. Its not very exciting. Your stock is obviously recovered from the january lows that we had about 60 as everybody obsessed as to whether the cycle was turning. You all faced those questions from meful thats been the narrative if you like for the last year certainly. Has that now impacted the business . Because if i look at your Hotel Pipeline t hotels to come on stream from the developers, youre reducing that by 50 basis points so some openings are being delayed or contracts are being delayed. Is that having a Material Impact . Well, no its not. Its a very interesting quarter for us. This one so lets just use it as an example. We reported 2. 9 growth around the world. Now thats not currency adjusted. When you adjust it for real currency its 2. 3 . And its pretty aknee mik. Thats our growth and with the unit growth that we generate into our system, the new hotels that open and with good Cost Management we drove 18 earnings per share growth and in the sense when you ask the question about are we peaking, we dont think were peaking at all. We think we have the levers of same store growth, cross management and return to shareholders. To say nothing of the acquisition that would close in the next couple of weeks but those should continue to drive more meaningful growth. And presumably well get further details on what youll do when it does close. Last time we spoke a lot of people were taken by the criticism that you made of the tenor of the Current Election Campaign and in particular the things donald trump was saying. You were clear that you were not in support of that. I wonder several weeks later if your analysis of whats going on from a business perspective has changed . Im not here to endorse any candidate but let me make just a couple of come mens. Its one of the most fascinating elections that we have had obviously for a long time. It is too often we hear from folks that they are not inspired by either candidate and a consequence maybe they wont vote. Obviously thats a cop out in a sense. The job of president of the United States is a really important and very real job and we ought to be picking the person that seems to have the medal, the experience, the interest in governing, and doing the things that have to be done and every one of us has to challenge ourselves to say who is that person in my judgment and get out there and vote. And its going to be very interesting to see what happens over the course of the next couple of months. Good to see you. Arne joining us there, the ceo of marriott from their headquaters. Thank you, simon. Marriott stock up now almost 1 . Coming up as book knocks it out of the park this quarter, are there any clues suggesting how google and amazon might do tonight . Thats coming up but first rick santelli, what are you watching today . Jim and i are talking about the fed. You know, was it doves . Hawks . Trying to get their ducks in a row. Its all about foul language. Well talk about that and m ms. Why . Youll have to turn out after the break to hear. One Big Name Company in a key industry surprising many investors today and analysts with a weak number. Does this show the market has really come up too far too fast. Plus the analyst who downgraded facebook loost week is back. That after solid numbers. Stocks alt an all time high. Well see if he is still confident in his call. And how you can still play the cloud stocks. Straight ahead on the half. Well see you in about 15. Meanwhile lets get to the cme group. Rick santelli with some foul language. Yes. Foul as in doves, hawks, maybe having your ducks in a row. I find it very interesting yesterday all i wanted to watch was the dollar index and the dollar index did a reversal down. I dont know how you can peg that as a hawkish statement but everybody is entitled to their own opinion. A lot of that had to do with how they looked at the labor market. Your thoughts on this. I agree with you. If you look at the markets, all of them in total. The stock market went up after the number. Interest rates went down. The fed fund futures right over our shoulder here reduced the chances of the fed moving in september and december. The market sent a message. The fed is now further away from a rate hike than they were before the number even though all the economists are saying the opposite. M ms i talked about it in the tease its basically markets versus models isnt it . And markets, their message and their signals in many ways can be considered broken and that doesnt mean the reaction can be observed, correct. If you look at the markets theres been 86 fed meetings since 2006. 10 days and 100 of the time gets it right. So if this market doesnt have a fed rate hike its not going to happen because the markets at 100 track record right now and a lot of people move past that. I call it stockholm syndrome with regard to the marketplace and how its sending messages back to the fed and the accuracy is based on the notion that investors like to party, is it not . Absolutely. Because the fed will look at that. The market has us pegged because we have good communication. But august of last year the market tanked when the chinese said dont hike and then international developments. May of this year the fed did a very big disservice to their credibility. They came out with a campaign and june is a light meeting and then they didnt move. The markets figured it out. It will tell the fed what to do. The fed is too afraid of Financial Market reactions so it will follow what the market wants and right now the market is telling them i dont care what your language was. Youre not raising rates this year. The last First Quarter gdp was around 1 . Half of that. 50 is five tenths. And yesterday 2. 3 to todays 1. 3. Thats pretty shockingly large. To a Second Quarter rebound supposed to be where the economy mobilized. Its 1. 8. Thats a rebounded economy. That used to be a bad economy three years ago. Now thats good and were in deep trouble if thats the case. Its election season. Were going to grade on a curve like no other. Thank you. John fort its all yours. All right. Thank you. Amazon and alphabet sent to report earnings after the bell today. Well talk to a top tech investor next about what to expect plus can facebook keep going higher . Squawk alley is going to be right back. Just about anywhere. R business plus, our extended range lte reaches twice as far and its 4x better in buldings. Get more done in more places. Switch your business to tmobile work today. There are many things you dont like coffee. Strial strength but theres one thing you do. You guys okay . its called predix from ge. The cloudbased Development Platform thats industrialstrength strength tempurbreeze bed is its cool. Youre not too hot, too cold, youre just perfect. You just get in and it naturally adapts to your body and creates the perfect temperature for you. vo sleep cooler, wake more refreshed. Discover the new temperbreeze. The separated a second but still take a look at amazon, facebook. Were watching tech because its one of the best performing sectors today. [announcer] is it a force of nature . Or a sales event . The summer of audi sales event is here. Get up to a 5,000 bonus on select audi models. Big week for tech earnings. Facebook delivering a steler quarter last night trading near all time highs. Well here from alpha bet and amazon and Companies Like twitter. Lets jump in. Any read through from facebook to what well see tonight . Im sorry could you repeat the question. I had a hard time hearing you. Any read through from the strong numbers that we saw facebook put up from its mobile advertising segment that you can extrapolate for alphabet tonight. If you look at facebook right now 84 of the revenues are coming out of mobile so mobile is a huge driver of growth and facebooks made a transition from a desktop to mobile application. If you look at google the vast majority of the traffic comes from desktop. Im not sure this makes the decision on what happens today but if you look at google longer term their biggest challenge is a tremendous amount of growth from their mobile platform and search but the rates around mobile are significantly lower. I think the challenge for them over the next few years is bringing up modernization on the mobile size as the increase amount of traffic comes from the mobile platform. People keep saying theres room enough for facebook and google. At what point do they start to bump into each other in this Digital Advertising market. I think that bump is definitely happening. That being said, if you look at just the dollars, theyre still invested in tv by brand advertisers relative to the amount of time. Theres such a radical shift thats happened over the last two years that theres still a very large amount of dollars that are going to continue to move. I think the other question is youve got new platforms, youve got instagram owned by facebook, you have snapchat so i think google and facebook will have competition with each other and emerging platforms as well. Wa that being the case i guess the question right now is how much credit has facebook been given for effectively p becoming the new tv down the road at 360 billion or whatever its worth, do you feel as if the market is pretty much got it right in terms of the pace of its market share gains . Im not a Hedge Fund Investor but if you look at facebook you still have some very large platforms within facebook and instagram and messenger that are still very early stages of modernization. So theyve got the core business thats driving a significant amount of revenue and profitability and theyve got emerging platforms that are at scale for 70 of the user base. So i think theres still a tremendous upside in facebooks both top line and margin. Well see what we get after hours tonight. We appreciate you joining us today. Thank you. Looking forward to amazon and alphabet, these are two companies that arent known for their ablility to help wall street forecast what theyre putting up but theyre getting better. I think amazon because the fundamentals of the story are so pur swasive people are comfortable with that story when theres not a lot of guidance but they get to the report. I think its a fascinating question what you asked about google and whether its kind of whether the pie is big enough, whether there is room enough for both. Right now there seems to be but these companies together are pushing 1 trillion in market value so how much do they have to swallow up. From what twitter said about advertisers and then facebook comes out and says theyre spending more just not with twitter. Those two stocks tend to be very volatile. Alphabet was down 5 but they tend to be rather short lived drops for that stock. Very subtle hamilton reference there. You caught that. The world being wide enough. With oil now in bear market territory that does it for us. Lets send it over to the half. Thanks. Wat the top trade this hour the one stock some say could be a in a naer in the coal main for the rally and it is ford. The auto makers shares getting wrecked today on weaker sales in china and a sobering of outlook for business this this country. It calls into question whats been a pillar of strength for the market and it has us wondering if stocks are at risk if