perspective, how do we take advantage of a technology perspective, this explosion that we're seeing from a data perspective. we want to make sure that we have the broadest set of stories devices in the industry. we want to make sure -- we want to use that platform to create even more unique devices for our customers and add even more value. fundamentally, this transaction is all about the growth and digital data that all of us are seeing in our personal lives and from a business perspective. that is really the fundamental thesis behind this transaction. >> later is a third quarter close. it doesn't seem to face any significant anti-trust hurdles to close. where give us so much time in temz of potential when you can close the deal? >> well, obviously we're going to look to close the transaction as quickly as we with can. western digital, we've ran into

our own issues and in terms of complexity from a regulatory perspective. we're being very prudent with our viewpoint from that standpoint. the current view is because of the complexity and the size of the interactions that we'll have to have with regulators across the globe that we're targeting that the transaction will be cleared and closed in the third quarter of calendar quarter of 2016. >> thanks for being with us. >> thank you so much. >> david, thanks to you. we are getting some breaking news from scott back at hq. scott. >> interesting story this morning, carl. that is that carl icon has a new activist target, but it might not be whatting you think. it is washington d.c. in a letter released publicly

just moments ago right here -- i'm holding it in my hand -- sent to several -- he said he is forming his own super pact. $150 million of his own money pledged. specifically saying he is enversion with company changes that's domicile. you can get lower tax rates. sir icahn writing saying i think my own commitment of $150 million to the pac will be more than enough to make voters fully aware of the horrible consequence that is will ensue if congress fails to pass legislation immediately to stop these inversions. that's what he wrote. also, he claims as many as 50 companies have left the u.s. over the past few years representing more than a half trillion dollars in market value costing hundreds of millions of dollars in taxes and lost jobs. this issue is not new to d.c.

last september the obama administration citing a need for what they called economic patriotism threatened tougher rules for inversions, but no executive orders or legislation on that issue have yet to be passed. in fact, icahn sees adding language to the current highway bill, which is being hotly debated in congress as the ideal place to do it, he says he has spoken with democratic senator charles schumer, potential house speaker paul ryan, and others about his plan that at least those two men are in agreement that something should be done immediately on this issue and central to his whole idea is allowing multi-national companies to bring funds back from overseas without the threat of what he calls double taxation. we're talking about the repatriation issue that we have talked about so many times as it relates to companies like apple and others who have billions of dollars overseas. he cites more than $2 trillion that american companies have parked overseas as evidence that the tax corrode is uncompetitive. he writes further these companies want to bring this money back to the united states, but they choose not to because

we require they pay a double tax. if they do, we are the only country in the world that does this, and it's counter productive because it creates an innocentive to keep that money abroad. the big money game of politics has a new entrant, if you lshgs this morning, carl, and that is carl icahn himself. we do have calls out to mr. icahn for further comment on this very provocative letter that he has sent to every member of the senate finance committee. every member of the house weighs and means committee, and he is waiting for response. he is clearly has it set in his mind that he is going to push this issue and try to get it through before the end of the year once the political campaigns for the presidency really start to pick up steam. carl. >> it's going to be part of those discussions too, scott. tell you what, i'm just struck by icahn's evolution in terms of his willingness to be vocal. the video aimed at investors regarding high yield and etf's in the markets at large, and now this.

i mean, this is a departure for him over the long-term, isn't it? >> i think that -- i think you have referenced this before, too, carl. he views himself i think very much at this stage of his career as the elder statesman, if you will, who has almost a duty to speak out on various topics that he thinks are important. had more people done so, i think he looks now and says, you know, i'm so fed up with the did hes function in washington, he has obviously made his support of donald trump public. now he is going to take some of the enormous wealth that he has and try and put it towards the causes that he most believes in. >> that's going to be interesting to watch. scott, we know you'll be on top of it as that story evolves. thank you. our scott whop ner breaking that news. in the meantime, 8:00 a.m. out west 11:00 a.m. on wall

street, and quack alley is live. >> good morning. welcome to one market. john steinberg, ceo of the daily mail north america, kayla, also live there as well joining us here at post nine and john fort on a day where we are literally cooking with gas. western digital reaching a deal to buy sandisk. sandisk and western dig seeing nice fanz on the news.

ceo joined and yous talked to faber about why sandisk was good for his company. take a listen. >> therefore segments in the market that we have not been able to participate in, and that's really those markets that take advantage of the device and solid state market. we wanted to make sure we had a broad portfolio of products to take advantage of the data explosion that we're seeing in the tech market today. >> the deal pushes us over the top now for a new record of over 1.7 trillion dollars in u.s. m&a for the year. john steinberg, i know you like doing deals. you like watching deals get done. >> it's a competitive move. they basically have to do.

when you think of the buyers of storage, cloud-based storage you have google and amazon basically, and then in devices you have apple and samsung, and actually, samsung has a seven-year deal with them that's actually expiring on august 2016 which just shows you the kind of competitive threats that sandisk is under. solid state storage is the hard drive storage, and devise, are you looking at in an and in an 3-d. in both places these players need to compete against what are becoming a relatively few number of buyers for the products. people are not putting serbers in racks like they used to. >> nan flash has become a key component in this business, and also there's an issue of over supply that's been driving prices down. sandisk has been wrestling with that. intel just announce thad they're going to convert one of their manufacturing facilities. one of their fabs in china to

3-d over time. that is also going to drive. >> there will be a lot of semi-consolidation. we are indeed seeing that play out. >> would you expect -- i mean, we've been talking about this cycle, the super cycle of chips for a while. does this consolidation mean pricing gets firmer, or is that additional capacity offset that? >> i think some players are in real danger of getting washed out, and those that are able to vertically integrate and the right kinds of ways develop the right kinds of property that can maybe command themselves some margin. they're going to have a little bit better chance coming up against these mega cloud giants.

there's a $10 billion plus deal. >> there is, carl. it makes you wonder what this says about the state of the ceo. the state of the boardroom. therefore, they have to go out and do these mega deals. it's interesting in this space in particular, though, you guys are talking about pricing pressures. prices have to come down because there have been so many deals in this space that unless prices go down, there could be anti-trust concerns. i know cramer doesn't think there will be because the space is doing so poorly in the market, but prices have to be more attract i for the end customer so you don't get the takening of washington. you are getting hosed as an

investor. net app, for instance, down 19%. if there is an acquisition possibility, maybe have you in the stocks, but if they're not going to get bought, it's going to be tough going for a while. >> wrau. we're going to watch that one, guys. meantime, ferrari has been the big story, the big board today. right now shares right around 56.66. nice gain. 9%. speak telling wall street journal he said "we're like eighth graders and somebody is telling us we need to go to the prom. we're too early in our cycle. most companies when they go public, it's usually later in their life." john steinberg, we've been talking to some ipo experts this morning that have another view, and that is they're nervous the market is not going to understand ow how you get to 50 and they're worried about the markdown.

>> the line between public and nonpublic is changed. >> the way that hedge funds looking at earnings and revenue growth. >> that is one popular eighth grader, though. i knew freshmen in high school who got asked to the prom. >> it might not want to go public. it could be a facebook life situation where you surpass or are you getting pretty darn los to that 500 shareholder level. after that point you have no choice by law to go public.

>> there are ways that these guys find their way around this stuff. >> well, guys, a couple of things. one was he said last night one-third of the rides now in china. fascinating stat it'sic. the ft is up with the piece this morning that their executive in charge of international expansion, nile, based in london middle africa, asia pac basically seeing it as the most senior executive outside of the u.s. has been pushed out as part of a shake-up. that does throw a wrinkle. >> they have got a real battle going, and i truly believe that the epicenter of the ride sharing and the ride for hire battle right now is in china. they have a battle going with d.d. right now, and d.d. is forming these alliance with lift and others. around the world china has this unique situation where you got urbanization. you got a huge population, and you got regulation that is are

preventing people from actually owning cars. i think that is an area to watch for them. it's an area where they have to invest. >> company gave waeshg than -- for the current quarter. here's marissa myer on the conference call last night. >> we see a unique moment, an opportunity for yahoo as we move into 2016. to narrow our stlat and focus with higher quality to achieve better growth and better results. sfwl i think people were disappointed across the board. this is something that since marissa myer came in in 2012 has

been a mobile story and john steinberg, i know it's not fair necessarily to compare facebook and yahoo totally different scale, totally different product. facebook in 2012 went from zero to $2.9 billion. yahoo from zero to $271 million. >> i mean, at the same time we've talked about this before. these turnarounds are virtually impossible. if you look at the mavens, yes, their revenue growth was down to 45% decelerated from 50% growth, but if that was a stand-alone company, and she didn't have legacy display revenue to make up for. it was less of an ifsh. the call was saying now is a unique moment for a reset, and it could be smaller more agile. why? because collecting the money was -- the whole team was worried about tax consequences. that doesn't make sense. as i said two days ago, it's over. heef got to make this thing really small. hop it up. maybe be just a finance site. there's no turnaround. she's not going to get another four years for a turn around shot. >> it just feels like she's out

of moves. >> video was supposed to be a big deal for them. not so much. the growth rate is slowing down. the unique opportunity in video. facebook is certainly capitalizing on it. we're not seeing it move the needle for yahoo. i just don't know what she's going to tell investors at this point short of some kind of restructuring or difference in the structure that's going to make a difference. >> i think it's too much about marissa. it's an unsolvable and undoable type problem. it wasn't like she could do injoe vegas or intervention on a schedule. she can't come in and say i'm going to invent a game-changing project. she had to invent snap chat. the -- she tried. it's impossible. it's not all her fault. >> that was the whole theory

behind march is wra myer. that's why everybody was so happy with her coming in charge. she had this dna, and shifts going to change things, and now to tell people, oh, well, you know, it's too much for one person, she can't do it. what about all those magazine covers? what about the "vogue" spread? >> it's too much for one person. she tried. she did a good job with alibaba and got that done, and ultimately expecting her to invent something on a tight time schedule is too much for one human being. >> tell that to elan musk. >> that's fair one. >> i like that exchange. maybe it's something we would have talked about a long time ago. thanks for bringing it today. john steinberg out of one market. we'll go to kayla in a bit. market is a little steady here. dow up 28 points. shares of chipolte slipping after earnings missed estimates. comps did grow a bit better than expected. that's a lot below the double digit increased posted last

year. we'll watch cmg today. when we come back, mossberg writes the steve jobs i knew wasn't in this movie. why he thinks aaron sorkin's version can't live up to the man himself. a rough day for twitter after a downgrade at on morgan stanley, but an event this afternoon might turn things around unless are you living wered a rock you know today is back to the future day, and coming up some of the best and worst promotions from corporate america on _#bbtf. don't go away. here at td ameritrade, they're always working. yup, we're constantly making thinkorswim better. like a custom screener on your desktop, that updates to all your devices. and you can share it with one click. wow. how do you find the time to do all this? easy. we combined every birthday and holiday into one celebration. (different holidays being shouted) back to work, guys! i love this times of year. for all the confidence you need. td ameritrade.

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>> the new steve job movie opens every where this friday, a film open in select theaters earlier this month under a cloud of controversy, but managed to net one of the highest pre-theater averages of the year in its opening weekend. here's the review of the film. you have better access to steve jobs than most anybody in the journalism community. let me throw a curve wall at you here. is it okay, do you think, the case of a character as big as steve jobs for them to take a kind of jobsiness and tell a

bigger story make a point about the human condition. if it's not exactly steve jobs. i said that in the piece. i don't think it makes a bigger point about anything than the human condition in this movie. i think it takes a very tiny lens to a very broad long-lasting, complicated man who did amazing things. every putting aside the fact that they fictionalized things and all of that, which falls under artistic license, you know, they called the movie steve jobs, and they said it was based on the only authorized

biography of steve jobs, but it doesn't actually tell the real story of steve jobs in my opinion. >> i saw isaacson the other day, and i was asking him, what is danny boyle like, what was jeff daniels like? it didn't seem like he had close ties to the filmmakers themselves, walt, but did you think based on the fact that it was based on the book that this would be lowers to the truth? >> i'm an enormous fan of aaron sorkin's. i interviewed him at our conference just after he took the swrob of writing this movie. at that time he looked over the room at our technology conference, and he said everyone in this room knows more about steve jobs than i do. i would have hoped -- it's captured at least the things

that made jobs so extraordinary . >> it doesn't give jobs a chance to do what he did in real life, which is to mature to become a kinder, broader minded person than he was when he was in his 20s and just starting out. i think that's a shame. >> what is happening to the leg as where i of steve jobs? it seems to me -- i liked isaacson's book when it came out. i thought it gave enormous insight into the part of steve that i didn't get to see, but, you know, a lot of people at apple didn't like it. they've spoken out about that. there have been various reactions. even in the minds of people who knew him, he is becoming a

different person, perhaps a bit saintlier than he was in real life. then the public is getting perhaps a more distorted maciavlian picture. what's happening to his legacy a short four years after his death? >> yeah. you know, it's a great point, john. i wonder what it was like four years after henry ford died. of course, the media environment was very different or four years after, i don't know, andrew carnigy died or something. i think -- it's understandable that his close friends and his close co-workers at apple were picky or unhappy about various aspects of walter's book. i think walter -- i have talked to walter about it when he was writing the book and afterwards. just very briefly. i don't lame to have much of a role in it. i thought he basically got steve

right because he covered the totally of his career and the evolution of his life. i'm not necessarily on the side of those who are just -- want an angelic view of steve jobs. he wasn't an angel. he was, you know, rude, difficult. he did all kinds of things that you wouldn't like if it was done to you, but he did them less and less and less often as time went on or he could never have kept and attracted the enormous talent people like tim cook, for instance -- >> right. >> -- and johnny ive that he kept. do you think those guys are going to hang around with a guy in this movie? they were never going to hang around. >> that's, of course, owned by our parent company nbc universal. up next, rough day for vm.

down over 15% after nine different downgrades. 90%, as a matter of fact. and coming up in the halftime report, don't miss carl icahn, scott whop ner just reporting icahn is spending $150 million of his own money on a super pac. more "squawk alley" coming up. (vo) what does the world run on? it runs on optimism. it's what sparks ideas. moves the world forward. invest with those who see the world as unstoppable. who have the curiosity to look beyond the expected and the conviction to be in it for the long term. oppenheimerfunds believes that's the right way to invest... ...in this big, bold, beautiful world. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan.

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>> the new semiconductors having a great day in europe today. this is partly because arm the chip designer within the iphone and most phones around the world. smart phones around the world came through with a profit that really pleased people up 27%. some might be bought on out. one stock that wasn't bought out was -- monsanto having to walk

away from that $27 billion offer. now -- this is the pesticide giant. it's under pressure from shareholders saying, look, the price fell by over 20%. what are you going to do to now reinvigorate that and give us back what we could have had with the monsanto deal. the headlines in the newspapers tomorrow will be about what's happening at credit suisse with the reorganization under the new ceo. the dars 6 billion capital hike. the price action. it's the swedish banks that have really been hit today. they've reported below expectations because they're dealing with negative interest rates in addition to all the market turmoil in contrast with the problems you would have here with the banks in this country. in the meantime, another one on the down side today. pearson. shedding itself of the financial times, and, of course, the economist. now a problem with its core business which is educational services in this country warning on that in the stocks down 15%. finally, let me take you to

athens where today the talks restarted between the government there. you see the prime minister. the new prime minister and indeed with the rest of the european union and the other members of the creditors over basically policing them to get their compliance through. the greeks want this done quickly because they want to recapitalize the banks and because the european union and secondly the ecb will come through with this policy before. >> thank you very much for that. simon hobbs. when we come back, not a good day for twitter today. shares down 6% on the heels of this downgrade over at morgan stanley. we'll talk about that note and talk to nick bilton. we'll be back in a poemt.

>> hish is your cnbc news update this hour. one day before he meets with president obama pakistani prime minister sharif meeting with secretary of state john kerry at the state department. topics on the agenda include counterterrorism, nuclear security, and trade. about 500 separated korean family members were reunited with relatives for the first time since the korean war gathering for a group luncheon today. families held individual meetings for two hours earlier in the day, but a number of

south koreans are upset that the three-day reunion isn't longer and more open. toyota recalling 6.5 million vehicles worldwide for a defective power window switch that can overheat, melt, and lead to fires. the recall involves nine models, including the camry, tundra, and sequoia made between 2005 to 2010. pope francis holding his weekly general audience before tens of thousands of people in st. peters square. his remarks returned to the theme of family. he then greeted polish pilgrim that is were in attendance. that is your cnbc news update this hour. back to squawk alley and carl. >> sue, thank you very much. shares of twitter taking a beating this morning after morgan stanley cuts it to underweight saying the site is loaded with ads and that the average time mobile users are spending on twitter is falling and fall at an accelerated rate. weigh in on that is the author of hatching twitter, new york sometimes columnist nick bilton. fwood to see you again. good morning. >> good to see you. >> notes fairly harsh.

had he say the ad load is high, and pricing is high compared to -- it might be too late to change per acceptings about this company. too harsh? >> not too harsh, no. absolutely not. i think we all move this. the stock went up last week just because of layoffs. there's only so many people you can lay off to make a stock go up. >> hoer thoepg they can grow the user base. the thing with moments is i don't believe it's had its moment yet. moments will really shine when there's a big news event like a ferguson or something like that, and it's still to be determined if that's going to happen. >> so, nick, what separates twitter from yahoo? just -- i was just giving marissa myer a bit of a hard time over her efforts to get that business turned around, her repeated moments of saying that

this is an inflexion point that, things are going to change, and they don't seem to any way that investors can really discern. is twitter, yahoo all over again, or is jack dorsey going to be able to make some kind of difference there? >> well, there is a difference in the fact that marissa did not start atta hue. march yeas started at google. two completely different companies and fwro completely different dna plans. i think it's a little bit of a square peg in a round hole with marissa. the other thing is with jack, he was a founder. you know, he developed this product with a group of other people, and understands it probably just as well as the founders and better than anyone else. but, you know, it's still really, really difficult to change something that is fundamentally still kind of broken.

in the early days twitter was an experience where you were reading the new yorker and "vanity fair" and blog post with your friends and having a conversation and now it's essentially like a bunch of drunk people at a bar at 4:00 a.m. i don't know how jack changes that. >> morgan stanley seems to say that the ad load is too clunky for the core product right now. there's not really any more room for products that advertisers can buy. moments was supposed to give them a new product to be able to sell to people, but then you get to a point where, nick, how many products can twitter and the platform actually support. swrak dorsey comes from square too, and that's where you can

buy and sell things. one of the ideas has been floating around, and they've been playing around with it for a little bit, and that's being able to buy things within tweets. there's a tremendous amount of revenue that can come from that. there are other ideas that they are exploring that are not just advertising. if they can pull that off, great. i think the biggest problem is how do you change the products so it's different and brings in not just new users, but people on the service and left, and how do you grow the user base? it is a question i truly do not know the answer to. >> we'll leave that for now and go on to this. fans of back to the future remind us that today is, in fact, the future. when it comes to connected homes and the internet of things, nick, you write that perhaps that future is still a bit away. we had this discussion earlier in the week about whether or not it's easier to adjust your air conditioning with your phone or just go to the wall and turn a manual switch. where are you on this? i have spent four months testing out dozens and dozens and dozens

of products, and most of them are not ready for primetime. >> at the end my reuter broke, and i had to go through and do it all over again, and i had this realization. this is really not ready for people to be able to come home and plug something in and it to work because it doesn't. >> nick, we had apple coming at it with home kit. they don't seem to have done much with it. most of what i have seen out of

nest since then it problems with nest protect. people getting fed up and saying they're ditching it. >> yeah. >> does this mean this era that was supposed to arrive on smart home, it's not going to come this time around? maybe five years from now they'll take a crack? >> you hit the nail on the head. five years from now is what i predict and what people i have spoken to predict. i think it's fun for geeks that want to hook things up. i have another column that's coming out on thursday about a professional system i used that i did the diy route with the nest and all those things, and it was a nightmare. then i brought in the professionals. he used a product called z wave, and the professional version works. the nonprofessional version is definitely five years away. >> nick, you lit some fires today. we're going to keep our eye on

that stock, and, of course, the implications for feeat chrysler. in the meantime, rick santelli, what are you watching? >> believe it or not, i'm watching the similarities this morning of china on one level and chicago cubs. you know, you can have a good run, but it's all about today. what can you do for me today? there's one example i'm going to bring up. sinisteel. they missed something yesterday. what was it? you'll have to tune in after the break.

>> will he speak about the super c. plus, valent tanking again. the stock's massive move and what it means for investors. one young hedge fund manager with annualized returns of 29% since inception. he will share his strategy with us as well. carl, we'll see any about 15. >> sounds good, scott. let's go to the cme group. >> i like to grab to -- getting involved because of the issues .

>> it's either rules or by ruling. that's the difference. one has government involved in ruling. the other, which is becoming more and more of a distant memory, but still more present in the united states than anywhere on the planet for the most part, and that is following the rules. what am i getting at? you know, a couple of weeks ago we talked about a mckinsey report that was called debt and deleveraging, although it was in paren thesz not much

deleveraging. china in twik from 2007 to mid 14 basically 7 trillion to 28 trillion. all based on the report. so what have we learned yesterday? actually, it's been a 36-hour period. we don't know all the information. they missed about a $300 million interest payment. now, whether investors had agreed on something is the debate right now, but it certainly doesn't look like anything i have read that it is. whether or not you call it a -- they missed the payment. what's the important point here. the important point is quite simple. they're in a business, and it isn't only steel. there's a manufacturing of equipment. they're in engineering.

i know it's called a destruction of wealth, so to speak. knot you now the editions of a chinese state not following free market rules are, you know, they have to -- moral hazard on one hand. we've heard all that america before. versus the instability and malinvestment of dealing with companies like sinisteel, and there will probably be many more. now, exactly how they do it, i don't know the future. i will continue to say china, it's going to be the long good-bye to a period of growth experienced by its economy.

>> more squawk alley in swromt.

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secured to expand its retail presence. we caught up with blue bottle founder and ceo james freeman at jp morgan's revolution conference yesterday in half-moon bay, and we asked him which coast has priceyer real estate. >> gosh, new york is so expensive. it boggles the mind sometimes. when -- i know i have learned enough to see when it says, like, flagship opportunity on a for lease sign. that's really code for you will never make money at this location. stroo freeman said it has a notice snowflake strategy in retail. every location tries to be different. the company usually signs ten-year leases which means it's an incredibly expensive strategy to keep up if the company contracts and artisinal coffee begins to look like a bull market purchase. freeman says he is not worried about that. >> i think people will always have two or three dollars in their pocket for something that makes them feel good for this short period of time. you know, if we execute well and we have something really, really

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>> today's is october 21st. back to the future enthusiasts, a day when in which marty mcfly has travelled back in time. the movie's forward-looking tech face tik-like devices and time-traveling cars have inspired modern day collectors. nike where i is delivering on one such item. sarah eisen has more on that. >> i have some news on the very highly anticipated mag.

the self-tying lace shoes. nike hasn't said anything about whether they are actually releasing them, but i can confirm, according to a source with nike, that they are in new york city. >> meaning a proto type of some time. >> maybe we'll see it later. it's a little bit of a ties. we'll see you tomorrow. obviously creating a frenzy on the internet. these shoes, i mean, look sneaker heads and sneaker fans have been anticipating these shoes for at least a decade. they released a proto type back in 2011, but they were not self-tying. the big innovation here would be they are self-tying if nike does indeed release this. we know they had the patent for this. i assume they've been working on this for a very long time. it has blown up and gone crazy. there are a lot of crazy sneaker fans on social media. >> now that you call them crazy -- >> crazy in a good way. crazy awesome. >> crazy awesome.

it's limited releases. highly anticipated, but very mysterious. sort of releez of new shoes. they've been doing this for a long time. of all of them this one is one of the biggest. the mags. if you do a google search on mag, you can see people have been writing about this for years nonstop. >> meantime, the other thing that's gone crazy is the stock. 38% so far this year. it's almost doubled. the second big e best dow component in unh. we just talked about demand in china. >> are you seeing any of the weak innocence the consumer slowdown, and he said absolutely not. hooin is a growth driver for us. that helped reinforce this bullish story on nike that they are a growth company and they're going to continue to deliver. the stock was already one of the

best performers of the dow leading to analyst day. analysts came out of that day last week raising their price targets and their buys on the stock. on this idea that they are really hitting their stride. when it comes to innovation and higher prices of merchandise. >> we'll see what happens later this afternoon. that's it for us. let's get over to the judge with icahn and the half. >> carl, thank you so much. welcome to the halftime show. let's meet our starting line-up for today. jim liven thaul is here along with john and pete and sarat. our game plan today looks like this. icahn's new target, the activist investor taking on dysfunction in d.c. he will join us live to explain exactly how. valeant vaporized. why shares in the health care company are getting hammered yet again today. what it means for investors. in fact, that's where we're going to begin today with a stock that has been so loved by wall street