a huge uphill battle that's more clear than this after today. >> i think that's one benefit to a company owning, taking control. >> sitting out, trying to clean some of this up. >> you try >> good luck thank you, we appreciate the reporting. that does it for the exchange today, power lunch begins right now. thank you very much, kelly here's what's new at 2:00 on power lunch. mark zuckerberg in the hot seat over plans for his crypto kroenscy earnings divide. some players are getting hit and it could be a major warning design the american dream killer. leon cooper is exploding on elizabeth warren as she rises in the polls. we'll bring you the incendiary comments, as power lunch begins right now.

welcome to power lunch, i'm melissa lee. we're ins ground zero, texas instruments falling after its earnings report taking down the rest of this group much more on these moves a little later on in the show. kelly? >> mark zuckerberg testifying in front of congress today and taking heat on several big issues >> reporter: this has been a tough hearing for mark zuckerberg, there's been a lot of anger and exasperation among lawmakers. on election security and political speech, red lining and diversity. >> facebook changes the rules

when 2 convinces itself -- >> have you learned that you should not lie. >> facebook has been systemically found at the scene of the crime >> the richest man in the world to come here and hide behind the poorest people in the world and say that's who you're really trying to help you're trying to help those for whom the dollar is not a good currency drug dealers, terrorists, tax evaders. >> now, even republicans who have cautioned against the broader back lash against big tech still had some very pointed questions for zuckerberg on exactly how it would work. zuckerberg has been on the defense for most of his hearing, he's seemed pretty comfortable he cracked a smile now, the hearing is in a brief recess, and it will reconvene. we've made it through about half to two thirds of the lawmakers who will be questioning zuckerberg we'll keep questioning it and bring you back for the latest.

>> we want to bring in two guests for their reaction to zuckerberg's testimony so far. joining us, casey newton of the verge. brian kelly, founder of brian kelly capital. casey, i'll start off with you, it was a wide ranging scope of questions here what is your takeaway with the stock up more than a percent what did you think the most interesting an porn headlines have been. >> i think the most interesting thing here is that the conservatives and the liberals have come together on one common point which is that facebook might have too much power, this has been an interesting development over the past year, antitrust concerns have rocketed to the forefront of lawmakers minds and we've started to see some agreements there, in this particular hearing, it did seem like democrats were much angrier than republicans were, but you're at least starting to see them rallying around this idea that facebook might need to be regulated more than it is, and

this may not be the best time for us to launch crypto currency >> if i listen to casey's comments and i took a look at the stock, there are two different messages coming across here why do you think the stock is shrugging this off when it seems like lawmakers are singing kumbaya saying this company is too powerful >> yeah, not great tone to the questions today. the thing i thought was interesting, mark zuckerberg talked about the fact that they're going to have an announcement, they're going to bring in multiple journalistic entities to give you news. that's a new product we haven't heard about. that's probably what's driving the stock. in terms of the crypto currency, we know it's not really crypto currency, it's an iteration of pay pal. and facebook is not in that place to be the one to be the face of this at this point in time

>> casey, the size of facebook, do you think is what has both sides of the aisle inflamed, shall i say? for democrats particularly, is it so much the size or the role that facebook played in the 2016 election or didn't play in policing its website >> i mean, that's a huge part of it, that's when a lot of us started to wake up to the idea that posting happy birthday on a news feed all day may not be the only thing happening on this network. you listen to the questions that lawmakers are asking, it goes far beyond 2016. it's about the way the platform can be used to discriminate against people of color. it's about the terrible conditions for some of their contact motd raters, and it's about the general lack of trust that facebook has inspired after seeing numerous abuses of the platform, i think this is a story that started in 2016 it looks very different today. >> if you could turn back to

crypto currency. we're watching bitcoin dive today. is this because it looks like lever is less likely to happen >> i don't think so. it's probably a tertiary effect, where the buyers want to hear what these yeses were going to be what you did have happen, you're in a range in bitcoin between 7900 and 7500. where the minors of bitcoin are at break even. think of a gold miner being at break even they may have to sell their gold once we hit 7900, you have this cascade, the buyers are probably waiting in the wings because we didn't know what congress was going to say to zuckerberg >> the runup to bitcoin was announced, everyone was going to have a wallet, and the onramp would be much easier for the

general public to buy bitcoin? >> i thought the announcement of libra would be a positive thing, it would open more doors than it could close. >> the flip side should be true, no >> potentially, i'm telling you today, the action in in the market had nothing to do with what's going on in congress, and everything to do with the mechanics of this market and how miners pay for their equipment >> do you think facebook is better off saying, we are done with libra, there's too much hair on this dog at this point and we're already in the crosshairs for many issues we don't need another one? >> i think that is a likelier outcome a month ago. facebook didn't expect this much resistance the thing that really showed them is when all their partners dropped out. which has happened over the past couple weeks, zuckerberg is fighting the good fight today. trying to put his best foot forward, this is going to have positive benefits for people

around the world as he acknowledged, he's not the best salesman for this i think it could fall apart. >> here's a company that's been in -- under fire, to put it mildly, the stock is up 40% this year, and it's up today. >> certainly, i mean, this is kind of the market, right? where you sell the news, buy the rumor, we sold all the negative nfs that was coming out last year, and now the market is saying, perhaps they can turn this around, perhaps they are cleaning things up, i think that announcement, and it wasn't really an announcement, it's an off the cuff remark by zuckerberg, that we're going to have an announcement later this week, about new partnership, i think that could be a new product line that could be driving earnings here at facebook and the reason we're seeing this positive move today. >> we're going to leave it there. thank you. check out shares of boeing, which are rebounding higher today. off the highs of the session, as the company says it's sticking to its time line to get the 737

max back in the air. >> i think there were some people who were thinking, if these numbers are really bad, there's an issue but at the end of the day, it's taking six months to a year, it's q4 guidance, is unchanged they still expect it to be certified by the end of the year, and the 737 backlog remains strong the target of building 57 maxs per month by the end of next year, is what's going to be the focus over the next 12 months, they're currently at 42, once they get certification they plan to ramp up to 57 what about the messengers that have been built over the last seven months, but they have yet to be zlived there's a lot of them out there. about 300 of them. boeing says they will start to deliver them over the next several quarters, they're not going to get rid of all of them by the end of 2020 that's going to be a boost to

cashflow over the next 12 months, and speaking of cashflow boy, this was an ugly number, remember, they delivered about a third of the commercial airplanes that they delivered in the third quarter of last year, that's why the free cashflow for the third quarter was negative $2.9 billion guys, you add it all up, and generally speaking, most investors are looking at this saying, okay, we'll take it. we still believe that boeing is on the path by the end of the year or early next year. >> thank you very much earnings coming up have been propelling the markets back to -- near record highs. is there something the markets are overlooking? we'll explore that one the possibility of elid beth warren becoming president is starting to scare some people on wall street. leon cooperman using colorful language to say she's killing the american dream devices are like doorways

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speak of doom about elizabeth warren a new interview with politico, he uses some salty language against her plan i believe in a progressive income tax and the rich pay more that's the low sodiu's killing e american dream, you can fill in those blanks here to take us inside the spicy comments and more, good to have you with us. >> mr. cooperman is not the first or the only one who is highly threatened by what senator warren has proposed and one could say they have reason to be. >> any have reason to be this was quite salty language. and your viewers can fill it in -- warren is the one who is the real threat, because she's now close to leading biden in a lot of these national polls, particularly in the state polls, there is a lot of fear that she gets in, she puts on a wealth

tax, she destroys private equity that may be a little overblown, she would threaten the capitalist system as we know, both in wall street and big tech and the lobbying industry. there's a sense of panic she could win, she could get the nomination, she could then beat donald trump, what happens if she's in the white house >> it's interesting and a little bit ironic that in the 2016 election, the champion of the little guy, the dispossessed, the overlooked was a new york billionaire. >> and in the 020 election, it may be a person who is much more left leaning -- progressive, maybe even bordering on socialists elizabeth warren emerges with the nomination, can she take her message of pop lichl,

championing the little guy, looking out for manufacturers and small businesses in the midwest and get people to believe she's really for them and not as republicans will say, really just traditional massachusetts raise your taxes, liberal. >> i want to squeeze in one more question and let you guys pop in it is a little rich to hear billionaire s bemoaning things i wonder if the disposed are going, what are you complaining about. are you tone deaf, man >> do you not have enough money already? whatever the tax is, and this is the saying, and i point this out in the story, every time she turns that into a tweet. i got a call after this story ran from one of the top executives on wall street who said to me, why won't these people shut up

when you do, you give her 50,000 more votes >> i am for a capital free enterprise moderate -- >> the more you criticized, don't raise elizabeth warren up, just stay quiet and give money to biden >> it can be against joe biden, once she clinches the nomination, she tones her message down a bit >> yeah. >> in order to appeal more to the democrats on wall street >> i don't think it's a ploy she's going to toned down. she will have to at least appear a little less scary to some people and say as she has in the past, i'm a capitalist to my bones, a former republican, i believe in markets, i believe in free enterprise, but stronger rules of the road, better

regulators not letting white collar criminals get away with stuff. there will be tweets to the message. it's the people versus the powerful, the middle class hasn't had a raise in several decades, all that stuff will stay, she's not going to tone it down >> it's interesting to me, there are plenty of people out there who identify with the successful people, because they want to emulate them in a way. the thought that wall street is scared of warren someone who's a socialist and impulse on the president, is trying to explain the impact it's inelegant, it's inartful. does it mean they're scared. cooperman will buy the market at some discount on some very long term horizon >> he has plenty of ways he could make money off of this, if she's elected and there's a big tank in the market >> you know who else loses

money? people who have 401(k)s. it's hey, the value of exitties, the public companies in this country could drop by that amount why are they getting more money. why shouldn't elizabeth warren be saying to them, why don't you pull every dime out of there it's the only way they'll make the returns for the teachers and firefighters for that state. >> that will be the response if she gets the nomination, she has to walk a fine line here, because resentment is not always a great way to get political support. like the idea of getting rich and doing well, they don't necessarily feel that all people who have made it are bad, they want to make it themselves, so she cannot demonize wealth broadly or the idea of the american dream and be successful she can say the system has been largely rigged against people that have health care costs that are too high and their jobs are not paying enough to pay that off

she's actually better than i thought she was going to be at doing that if she were to get to a general election, she could make the case that being rich isn't bad i'm not against the american dream, i think it should be more broadly accessible to people >> your point about resentiment being a hard way to ride president trump rode that wave for a long time. and a lot of his core strength is -- was and is, i observe among those who have a lot of resentment about the way the system has not served them >> which is a way in which there are some cross-overs strangely enough between elizabeth warren and donald trump in terms of trying to tap into that. they're as die ya metrically opposed human beings as you can get. i have the same feelings about the forgotten man and woman in this economy, but i'm not going to tweet 1,000 times a day and a trade war with china and make the markets crazy.

i'm populous donald trump, but not twitter impeachment all of this >> let me ask your opinion on something. is she on a debate stage the toughest most formidable opponent trump could face? >> i think she probably is pete buttigieg is getting a second look from a lot of democrats and is an excellent political athlete, really good in these debates, joe biden as we've seen, not his forte, i'm not sure that he would be, but she is really good at turning attacks back on people she does all of her homework, she knows all of the facts, and when it comes to financial regulation in wall street, she's deep in the weeds on a lot of this stuff, she knows the facts, she can make the case and the argument she tells the story about her upbringing and her father. there are those who think, she's too far left but on the debate stage against trump, i think she can hold her own and do request

>> shaquille o'neal once again inflaming the nba/change in a controversy. texas instruments disappoints. is there more pain ahead traders give their takes next. ♪ ♪ i've been a caregiver for 20 years. no two patients are the same. predicting the next step for them can be challenging. today we're using the ibm cloud to run new analytics tools that help us better predict and plan a patient's recovery. ♪ ♪ ultimately, it's helping thousands of patients return home. and who doesn't love going home. woman: what gives me confidence about investment decisions? rigorous fundamental research. with portfolio managers focused on the long term.

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welcome back to power lunch, chipmaker texas instruments tanking today after earnings, the stock shedding nearly 9% since the report yesterday mark newton of newton advisers and gina sanchez are your trading nation team. today, mark, texas instruments, obviously a bell weather the damage to the overall sector is significant but really not all that severe, given the run that the group has had how do you view the whole sector >> real when i starting to see a lot of signs of throwing in this group overall. after a 40% run, it's never a great sign to see a leading group like this start to wayne

a lot of people view this sector as having broken out last week, and thinking everything's right, so just hold tight, in reality, when you take a look at the pattern, this is what we technicians refer to as an ending diagonal triangular pattern. it's not the most bullish development after an extended run. you see signs of prices moving higher this year momentum not following any move would be a negative and make they think this group is going to start to turn down something to watch for in the last six weeks, you take a look at texas instruments it's not broken down yet undercutting multiple days of lows my thinking is, a break of that level could spell trouble to this stock and really the weaks ahead also

for now, it's holding its up trend. a few warning signs, important to watch carefully, technology as a whole has been down over the last three months, even though it's a leading sector for the year important to watch when tech starts to stall if it really starts to break. >> as mark alluded to. a lot of folks attributed to the semiconductor group, the market looks ahead, this is telling you the cycle is okay. is there now reason to doubt that or should you follow this trend that's been in place for a little while in stocks >> the support that you've had for the semiconductors hasn't been a cyclical trend, it's been a broad trend in shift, in terms of how we are conducting our economy, and so theoretically speaking it shouldn't necessarily be tied to the cycle one wat it's shifting down probably has more to do with

immediate issues like the trade war with china, and the fact that the entire sector is in this huge trough of earnings growth, it's really had a tough go of it, even if it's long term secular story is still in tact and it should still do very well, and probably ride through any kind of economic cycle, the reality is, is that they are really at the front end of this tip. and as soon as we get some finality on tariffs, this goes away, and will head back toward that secular story the tariff story does matter >> something folks have been looking toward for a while now we'll see if it comes at some point. thank you very much. for more trading nation, head to our website or follow us on twitter at trading nation. kelly, back over to you. >> thanks very much. ahead on power lunch, markets are within striking distance of record highs

some companies are showing signs of weakness. we'll wade through the great earnings divide. more lay jeffs are coming. last quarter the stock got crushed, will we see a repeat tonight? power lunch will be right back with esri location technology,

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welcome back, everybody, i'm sue herera an appeals court is not buying the president's claim that his tax returns cannot be give n to

the state supreme court. outgoing secretary of energy rick perry says he will not speak to congress as part of the impeachment inquiry. he spoke to reporters outside the white house this morning >>. >> i'm not going to participate. my general council has told me not to participate in what they considered to be an unpress dentsed effort to use an inquiry in an unlawful way >> it's day five of the chicago teacher's strike thousands of teachers and supporters holding a rally and marching on city hall. the mayor has committed $700 million to the school district union leaders say that still is not enough >> sue, thank you very much. lett's talk about the markets which are turninging lower we were clinging to gains at the top of the hour.

the industrials are off about 31 points the s&p 500 effectively flat, but ever so slightly in the red. nasdaq down 12 or about a sixth of a%. for today's power movers, eli lilly falling to its lowest level in more than a year. boston scientific rising as the company's earnings grew faster than analysts were expecting and finally, the home security company says the cfo is leaving to pursue other opportunities. and beginning a comprehensive operational and financial review, oppenheimer bank of america downgrading this stock, which is down 40%. >> the broader markets are lo r lower. $55.91 2.5% up.

benchmark is 61.12 that's a gain of 2.5% as well. a reversal from losses earlier this morning it showed that crude stockpiles have fallen by 1.7 million barrels last week, analysts were looking for an increase of 2.2 million barrels. oil had been weaker since late yesterday afternoon when the petroleum institute showed a build of 4.5 million barrels the questions remain about how long it will last given that broader story about a slower global economy a nice move higher, steadily, 4% lower or higher than the lowest high of the session today. back over to you >> markets climbing toward record highs as earnings have been mostly positive, it's not been a party for every company bob pisani is looking at some of the weakest links. >> with one fourth of the s&p

reporting so far, an earnings recession may get closer fedex, mcdonalds, now caterpillar and boeing, expect inning creases by a significant amount these misses aren't triv yalg. only 14% of companies are missing earnings estimates this is about in line with the historical trend no outliers here in terms of the big numbers. most of these large misses are company or sector specific mcdonald's had very significant traffic diversion around that chicken sandwich war if these misses really reflect trends in the broader economy. you'd be seeing far more companies miss and much weaker overall guidance from many more companies. this has become the poster child for trade wars and china, the

company cited reduced inventories due to uncertainty in the global economy. resulting in trade caterpillar earnings have been terrible for more than a year. and the fact that the stock is trading up a little bit here today, 1 1/2%, seems to indicate the streak believes the earnings may be bottoming i think the important thing here if you look at the s&p 500, it seems to be telegraphing the idea 245 we have transitioned for the concerns about a recession in 2020, and more toward concerns for its lower growth like 1 to 2% gdp. that's a long way from the recession talk we saw a few months ago >> bob pisani, for more on the earnings divide. let's bring in eric marshall kevin is president and cio of henyon and walsh management. do you agree with what bob's

saying -- >> we think the divergence you're seeing, really create opportunities for picking stocks that's something we're taking advantage of in cases like caterpillar and fedex, is really trans tory issues that we think are created by a lot of the trade and certainty out there. you can take advantage of those. the market is responding to that >> as opposed to focussing on the larger multinational names, we've had 84% of companies beat on revenues, and some of the beats under areas of consumer discretionary and consumer staples, consider dominos, pepsi. we think it's the strength of the u.s. consumer that's going to propel us into a record holiday shopping season. >> the consumer staples names

are trading pretty rich, a lot of them. the winners and losers are clear cut. >> a large portion of that focuses on online commerce not just throughout cyber monday, but the month of september. all the other companies and industries that surround amazon and online commerce players in the e commerce system. >> we had a guest yesterday who said, his base case is that the s&p will go up another 3% between now and year end and that 2020 is going to follow on and be a pretty good year for stocks do you share that view and what sort of percentage probability would you put on the possibility that there is a big correction in 2020 >> i think you're always going to have periodic corrections,

it's a healthy thing for the market one thing that gives us a little bit of comfort, is the fact that investor sentiment is relatively negative, you saw morningstar report that in the third quarter, something like $60 billion left equity, mutual funds and epf's, that is the highest since 2009 those type of outflows out of equities, don't happen near market peaks or right ahead of corrections. and i think the fact that sentiment has been negative really tells you that there's a lot of money on the sidelines and i think that there's still a lot of buying left to occur in the market over the next few months gentlemen, thanks, we'll leave it there for today >> coming up on the tasting menu, weworks lows, and shaq speaks on china.

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billionaire investor will shut down his hedge fund less than eight months after he started it leslie has the details >> what's note worthy is what it says about the state of hedge fund stockpickers. he's an industry legend. despite the move toward passive investing and the overall performance of hedge fund managers, he was undeterred and set out to raise several billion dollars. he said on cnbc in january this was a great time to relaunch, because stocks were being ignored by the market. >> i'm seeing plenty of opportunities in the market. the fire in my belly still burns, i am ready to go, and i think it's a fun time to --

>> in the ten months since that appearance, he had raised only a fraction of what he intended about a half billion dollars, he told the wall street journal in a story published this afternoon, what i learned after 75 meetings is the hedge fund industry of 20189 is very different than the hedge fund industry when i started in 1996, and it's even very different from the hedge fund industry when it closed in 2013 guys >> i know him a little bit, and he is above all a stockpicker, and i believe what he said in january. the fire was in his belly to get back into the competition. >> when i met him in jiang january, he could not take his eye off the little ticker at the bottom of the screen he was always watching the numbers, watching the market you could tell he wanted back in we're seeing this time and time aga

again. it really came to prominence in the earlier 2000s. >> prominence for him at fidelity, where he ran magellan, which is where he sort of made his name i suppose >> thank you very much >> thank you here's a taste of some of the other stories we're watching today. wework is getting reworked well written there, the situation getting uglier warning there will be even more layoffs at the company as management looks to cut costs, this comes after soft bank said it is taking control of wework by providing $5 billion in financing that values the company at less than $8 billion. you were talking about this in the last hour, they didn't have money to pay severance before. >> and now they have at least a lifeline that will enable them to do it >> severance among other things. >> yeah. >> and fund the investments that

they've made -- >> the employees are about to get their pink slips when you hear about the co ceo's getting multimillion dollar pay packages they're getting laid off >> if they had equity, it's been shaved >> gone. >> meanwhile, chipotle shares are losing heat today. digital sales are up 88% and are now about 18% of all sales, the comps were up 11% we spoke with chipotle ceo he says digital has even more room to grow listen >> we heard early on that our consumers and customers wanted more access to the business, to our food, the way they wanted thatting assess was through digital access we've done that, i believe there's still a lot of room for growth in this space we just launched a rewards program, we're in the early days of our app business and web

business >> stock down today, somewhat as they deal with the chipotle ans so to speak. >> it's not at the high end of the range, that's a problem for a stock that's really performed this year. >> since he's taken over it's up more than 2 x. there are many highlights during last night's nba season opener, perhaps the last one happened during the tip-off. shaq weighed in on the china n controver controversy. >> we're allowed to say what we want to say, and we're allowed to speak up about injustices and that's how it goes if people don't understand that that's something that they have to deal with i just thought it was unfortunate for both parties and have you people speaking when they don't know what they're talking about. he was right, whenever you see something wrong going on anywhere in the world, you should have the right to say, that's not right >> not many people in the league have spoken out in morry's defense. from outside, sure >> very strong statement from

shaq last night. and it really is a thought provoking thing. as we were saying yesterday, there is a -- senator warren, there's going to come a time when a lot of businesses if things really unravel in hong kong a lot of businesses are going to come to a point where they're going to have serious decisions to make. >> mark zuckerberg put it earlier in his testimony, ten years ago, i thought doing business in china could help liberalize the economy and open it up, today he said, i'm not so sure. granted they don't do business in china, so it's easier for them to say. >> coming up, tesla is gearing to report after the bell will it be a reat epof last quarter's disaster we have the details to watch for straight ahead ♪

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despite falling short, tesla delivered a record 90,000 vehicles major questions remain investors want to know when vehicle production in shanghai and crossover suv the model y will reach customers who preordered tesla stock fell 14% after

disappointing numbers last quarter. could we be looking at a repeat of history colin rush, imagine director at oppenheimer. you think the delivery numbers were better than expected. what are you expecting for this quarter then >> they beat the delivery number by 2,000 looking at the quarter, this quarter is the gross margin line we're concerned with here. street expectation is for flat growth at 19%. that number disappointed investors last quarter we see that creep higher we're also focused on operating cash flow number they put up a fantastic number, 860 million. we think we might see a repeat today. street numbers have gone from 500 million to 600 million in the last three weeks or so. >> how will gross margin going to go higher if the model 3 will be a bigger part of the mix? >> we saw higher production

numbers. you have leverage in terms of the manufacturing footprint. there's some mixed benefits we see from europe with a little bit higher content in terms of the options. then you also had the model x numbers creep up quarter over quarter, which tends to be a higher margin product for them. >> in terms of the cash flow number, you're expecting the upside to come mostly from the eu and specifically from the monetization of credits, environmental credits? >> that's not correct. >> okay. >> we're looking at the mix for this year. there's a tailwind for tesla you see the new emissions standards get implemented in europe it will be 95 grams per kilomet kilometer. average was 122 grams per kilometer and, really, the oems are tracking behind where they need to be for next year each of those credits we believe is worth $9500 for every car they sell into europe, we think they can

monetize roughly 95, 98% of that credit. >> that's next year? >> correct. >> so for this quarter, what are you expecting there on the cash flow >> in terms of the cash flow, we're expecting somewhere on the order of 700 million we think we're about 100 million above where the street estimates are and we could see something closer to 800 million as well. >>ol, 're in cinwegog to leave it there thank you. check please is next

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nike is a dow component we haven't mentioned but is moving to the down side not because of earnings but the ceo stepped down, in conjunction with a bunch of other moves through the market nike's ceo stepping down the service ceo, who was from ebay. >> paypal. >> stock getting news on he, who is a board of nike. >> and under armor, who would have thunk. >> and the new ceo at service now. >> trader conspiracy will say that both ceos of two athletic wear companies stepping down on the same day, what does that signal could that signal that the best times are, perhaps, behind this industry that's just the conspiracy theory behind it otherwise, complete coincidence. >>s when the last time we saw a triple-part ceo move that also -- that's a lot of turnover for one day, for sure. and the funny thing is that it's barely caught attention today. have you ever thought the ceo of

nike would leave and it would almost go unmentioned, they timed that perfectly, if that was the goal. >> and mr. donahoe is on -- >> mad money tonight with jim cramer they've been plagued with a lot of high-level departures so john donahoe leaving so quickly, maybe that's why we saw a knee-jerk reaction yesterday it's down 4.5%, recouping some of the losses from yesterday bill mcdermott is an executer, one of the highest quality ceos out there. maybe that's delayed concerns after his interview on "squawk on the street. >> my hometown team, first world series game win for a washington team since 1933. >> really? that long ago? >> when the giants beat them in that world series, but it was a good night for old d.c. >> congrats.

do you know who it's not such a good day for beyond meat. it went below 100 in a session today. stock chart, it's below 99. >> all right thanks for watching "power lunch. >> "closing bell" starts right about now. welcome to "closing bell." i'm morgan brennan infor sara ei sechlt n at nike post broader market as well, falling below the flat line. dow is down 26 points, 59 minutes left until the close, and a crush of earnings after that bell. >> and i'm wilfred frost good afternoon let's look at what's driving the action today, disappointing earnings like those from texas instruments are stoking global growth concerns. despite that, caterpillar and boeing holding steady while apple is up a percent on a