And your comments a moment ago to andrew, just sort of crystallize, not just what a job shes done, but how companies are placing their bets on looking through cycles, even though were a week away from an election and in the middle of a pandemic. You have somebody the quality of lease why isa su, best ceo i country, nonpromotional, re competitive thought this was maxed out. Youre in the personal computer and data center, it is not good enough she saw what happened to intel i dont say that with any prejudice. Just that she left intel behind. She is in the data center, who is she who are her clients . Azure, google, and, of course, amazon but it is time she feels it is time to branch out into auto, time to branch out into defense into telco when you look at xilinx, what youre seeing is a mosaic where there is some overlap in data center, but the rest is an attempt to say, you know what, we need a bigger total Addressable Market we have to outgrow our markets right now. And i think it is a
Today then rebounded in the afternoon. House of pleasure. Closing down 80 points. The s p losing. 42 . Nasdaq falling. 85 . I think what were seeing here is nothing more than a wholesale repricing of stocks. As investors try to bake in all sorts of contradictory possibilities. The repricing ebbs and flows and you see intraday rallies as people realize the businesses are actually pretty good and the stock market remains the best place to put your money. Thats what happens when stocks fall if only because every other asset class is so unattractive does this occur. Its not because this one is that beautiful still, i think we have to have more pain like we experienced this morning, which is why you need to understand what striving when the pain happens, youre not paralyzed, because were going to see it again and again. First, there is a whole camp of people who believes that our economy is headed into a recession. Probably sooner rather than later. How do i know this because at the worst m
With the law under this policy, they have been living here for years to, in some cases even decades. Leaving the broken system the way it is, thats not a solution. Thats the real amnesty, pretending we can deport 11 Million People or build a wall without spending tens of billions of dollars of taxpayer abetting what is factually incorrect. Its not going to work, its not good for this country. Its a fantasy. It offers nothing to help the middle last and demeans our tradition of eating a nation of laws and a nation being a nation of laws and a nation of immigrants. It is my firm belief that immigration is not something to fear. We dont have to wall ourselves not lookthose who may like us right now or pray like we do or have a different last name, because being an american is about something more than that. What makes us american is our shared commitment to an ideal that all of us are created equal , all of us have a chance to make of our lives what we will. That whetherhows it was the ir
Below 50. The future of the uk hangs in the balance. We go live to london on the vote that could rock the markets. A new ruling keeps the status quo at least as it relates to viacoms board of directors. And twillio priced above the range. Well bring you the opening trades, plus talk to the ceo. First up, britains future is in the hands to the voters. A new poll shows 52 remain, which is a change from a few days ago, definitely from a few weeks ago. A new poll says theyre going to stay and its going to be a nonevent. Everything is being bid up but the financials are not being bid up as much as the others. Even if we do get a stay, that Financial Group remains under a lot of pressure. I think thats when the smoke clears, were going to see that the Financial Group over there still not strong. That will be the focus. Well go back to earnings. The word asymmetric being tossed around a lot today, jim, because of the way we priced in this remain vote over the past few days. Would a leave vote
(Bloomberg) Twilio Inc. projected revenue in the current quarter that fell short of expectations, offering the first view of its future since the software company’s longtime chief executive officer stepped down last month amid pressure from activist investors. The shares declined about 10% in extended trading.Most Read from BloombergJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionIsrael Quits Ceasefire Talks Over ‘Delusional’ Hamas DemandsThe Brutal Reality of