Hey, i am cramer, welcome to mad money, i am trying to make friends, i am trying to save you money. Call me, 1800763cramer that was unsustainable today we learn nearly everyone loses when the president acts and slamming the market. A crushing disappointment. And anyone who lost a job may be on the verge of losing a job you have to wonder what will happen to the 14 million odd people and the family working in the Hospitality Industry lets just say inhospitable. I care about the small and immediate size businesses and workers that are going to be laid off Speaker Pelosi and mnuchin is making a lot of progress and getting a lot of phone calls, getting close to a deal. Speaker pelosi echoes after the president stops negotiations but it was too late. Trump tweeted, he was adamant and hell put a better bill after the election all right, whats really going on here . Thats the rhetoric. We all heard the rhetoric, right . The president is taking a calculated risk, betting the economy stronger t
Were going to get smarter on that with our guests this hour take snow dflake, that recordbreaking debut you heard about all morning, priced at 120 now indicating 19 to 195 the largest software ipo ever. Their thesis, a new way to work with data in the cloud those indications as i mentioned way above the ipo price. The ceo joins squawk alley right after the first strad. And theres adoe bee ahead of last nights earnings. They reported 15 Revenue Growth the best q3 in the companys history. Stock is taking a breather in the early trade. Well ask ceo about that in just a few minutes. And dont forget about apple its mac and ipad lines got a boost from work and learn from home imperative. Major Tech Companies like apple are leaning into the work, learn and kperds from home phenomenon. The new way of working is rich the real question here, guys, is future upside already baked into these valuations, carl boy, just look at those snowflake indications. We went into this morning, jon, looking at h
News agency says explosion was heard and smoke was seen rising from the joint Industrial Complex in kaesong. Iit was oopened in 2018 after t two countries agreed to work to denuclearize the Korean Peninsula. Its the first facility where officials from each side could contact each other 24 h hours a day. The blast comes days aftter norh Korean Leader kim jonguns younger sister threatened to demolish the office. She also criticized seeoul for allowing north korean defectors to send leaflets across the border on may 31st. Japans chief cabinet secretary says officials are closely watching events on the peninsula. Translator japan is working closely with the United States and south korea to gather, to monitor and to analyze the current security situation. South koreas president ial office convened a National Security meeting to discuss how to respond. Chinese authorities have confirmed more than 100 coronavirus cases in beijing over the past five days. The development is raising coconcerns
Bit despite news of increased inventories. For the global exchange, where we bring you market moving news from around the world. Are bloomberg voices are on the ground with this mornings top stories. Da tart with e curran. Had positive signs since sunday, when the government said they would push through new oversight of ip protection, and they want to punish those who are guilty of ip theft. That was followed by some details in one of the state newspapers that china is also looking at the oversight of any trade agreement with the u. S. In ways of ensuring that any deal isnt limited. Then we had the news yesterday from the Commerce Ministry talking about reaching consensus on core issues. The moonbeams it is been nothing but positive in recent days, matching what is coming out of washington, though we dont yet have any further details on when or if an agreement might be signed. We have your minder did have a reminder on the economy when profit for industrial firms dropped almost 10 from
6 30 a. M. This morning. The doors havent opened yet but it is a stampede once they to. You go around the arena, there is another entrance for students. There is all sorts of doors around the arina and there arena and there are people ready to get in and cheer on the gamecocks. Of course, like you said, it is a huge game. Don stayly said last year one thing here Team Struggled with was the environment in connecticut. I am not complaining because it is warmer down here but in the arena fans created a similar atmosphere as fans do here. Dawn was excited to know the game was sold out and she knew it would be a huge factor. Hopefully letting her ladies [ indiscernible ] it is a good number one uconn team. They will need everything they from what i have heard the fans are ready. 18,000 again sold out. It will be rocking here at cleanial life arena. Dane Colonial Life arena. Game starting at 6 00 p. M. For now back to you in the studio. All right. Thank you so much. Also making headlines tod