Here the cron is a watcher that will execute the statement
!do my statement
on 0th second 0th minute of 1 AM every day.
!do my statement when $fswatch:newwatch[create:/tmp/hive]
Here the watcher is fswatch and The statement
!do my statement
is executed each time a new file is created on the path /tmp/hive on the machine the
specified hive client is running.