Well, good thursday morning and welcome to squawk alley. Im Morgan Brennan with david faber and mike santoli, live from post 9 here on the floor of the new york stock exchange. Carl and jon are both off this morning. Stocks are staging a recovery today. S p coming off its largest comeback since december of last year on pace for its Third Straight day in the green, but is todays rally sustainable or is more volatility ahead . Key question for investors joining us now is Wells Fargo Asset Management multiasset strategist, brian jacobson, and invesco, vice chair of investments, krishna mumani. Krishna, ill start with you what do you think . More volatility ahead . I think volatility is to be expected in a stock market thats dealing with lots of issues but at the end of the day, the real question is, where do we go from here . And as the economy stabilizes in the second half and trade issues dont get exacerbated further, the markets are probably going higher rather than meaningfully lower.
Beijing had emphasized less emphasis on growth, instead focusing on risk, solutions to poverty for the next three years. Campaign looking for major acquisitions to expand outside japan. The companys plan is centered on china and other asian countries, but also europe and the u. S. Paint offer fell through due to disagreements. Lets do a quick check on the market open. By. 2 a, the index is up , the korean index up by the same amount, and in thailand trading flat at 1750. We will be live with more headlines in 30 minutes. David you now have had to follow bill gates and steve ballmer, two legendary figures. Satya look, the clear message was dont try to be like us. David did steve say if you do this well, we will be happy . The result of having empathy made you a better ceo . Satya my pursuit is their a growing sense of empathy for people around me. David do you get a standing ovation for what you have done . Satya no, i get a lot of people asking me, saying, hey, come and fix my computer
You have had to follow bill gates and steve ballmer. Did you feel you were ready for the job following those legends . The best advice i got helped me a lot. It was dont try to be like us. To say i am succeeding these people. I remember even during the interview process, the board was conducting and they asked me do you want to be the ceo. I said only if you want me to be. In peopleck i got was wanted to see you like, i want to be ceo. I said thats not me. Up 120 . Ock is to annualo shareholder meetings, you get a standing ovation . Have people asking me to come home and fix my computer. You are a native of india. What part . I was born in hydra andbad. Your parents told you you were going to be Prime Minister or something important . What did they want you to be . They wanted me to stop playing creek it and take my studies more seriously. And when did you realize you would not be a professional cricketer player . Pretty soon. Realized i might play firstclass ticket in india, but i was
David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . You have now had to follow bill gates and steve ballmer, two legendary figures. Did you feel at that time you were really ready for the job following those legends . Or were you saying i could do a better job than they did . Satya the best advice i got from both bill and steve i think helped me a lot. Because theyre clear message was, dont try to be like us. Dont even bother to sort of say, oh, i am seceeding these people. Just be your own. In fact, i remember very distinctly, even during the interview process the board was conducting they asked me, do you want to be the ceo . And i said, only if you want me to be the ceo. The feedback i got was that people who want to be ceos are like, i want to be ceo. I said,
Alright. David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . You have now had to follow bill gates and steve ballmer, two legendary figures. Did you feel at that time you were really ready for the job following those legends . Or were you saying i could do a better job than they did . Satya the best advice i got from both bill and steve i think helped me a lot. Because theyre clear message was, dont try to be like us. Dont even bother to sort of say, oh, i am seceeding these people. Just be your own. In fact, i remember very distinctly, even during the interview process the board was conducting they asked me, do you want to be the ceo . And i said, only if you want me to be the ceo. The feedback i got was that people who want to be ceos are like, i want to be ceo