facebook are going to show significant upside. >> all right, rohit, thank you. that certainly sets us up for an interesting continuation of this huge week of earnings, morgan. >> that's right. and the results will continue tomorrow including here on "overtime," meta tomorrow. that's going to do it for us here at "overtime." "fast money" begins right now. live from the nasdaq market site in the heart of new york city's times square, this is "fast money." here's what's on tap tonight. it is a big tech earnings kickoff. microsoft and alphabet headlining tonight's results, but they are not the only ones on the move. we are dialed in on conference calls and bring you the headlines. and striking out. general motors hit by another round of work stoppages the same day it reports earnings. just how much of the strike is hitting production, and what do they mean for the xees' bottom line? plus, 100% dead wrong. those are the harsh words jamie dimon has about central bank policy what the ceo of the

country's biggest bank is taking issue with and where he sees the economy going on. and later, personal finance expert suzeor orman is here. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- and we start off with a full slate of earnings reports. microsoft, alphabet, visa, snap, all on the move after their latest results. we have full team coverage. we start off with steve kovach, who has all the details from microsoft's quarter. the stock is higher right now, steve. the conference call is in about a half hour. >> microsoft shares are up. the solid beats on the top and bottom lines, but here's what's more important. reversing some trends that we've seen. azure cloud growth up 29% versus the 26% gross the street was looking for. that's exactly what investors wanted to see, after several quarters of declining growth.

now, what to listen for in the earnings call. do they believe azure bottoms and continue that acceleration that we saw last quarter or is it going to stall again? now, look, let's go to windows. this is interesting. oem revenue was up 4%, returning to growth. but keep in mind, comps are much easier compared to last year. and i'll say it before the folks here at the desk can say it, wait for that earnings call, starting at 5:30. that's when microsoft gets outlook from the quarter and you should especially listen for commentary on demand for co-pilot, the a.i. assistant, microsoft is going to start selling it a week from tomorrow. i'll be back here with more if we get some of those details on the call. >> last quarter, we did see the stock move lower -- >> on co-pilot. >> on co-pilot after the show when the company gave guidance. if microsoft gained a lot this year on the hopes of that a.i. pixie dust that we've been talking about, we want to hear that, because there's been talk about the install base adopting

its a.i., you know, programs -- >> listen, in that last quarter, that last piece of guidance back in july came at a time when they announced the pricing of co-pilot. next week, they're going to be talking about this and start to guide to this when customers start paying for it. so, that's what a lot of investors want to hear. and if you think about the high it made, the all-time high the day it announced the pricing of that co-pilot, we all remarked, the stock went up 5% in a straight line intraday, we were doing the math, it was $70 billion in market cap, something like that, some eye-popping sort of number. when you look at the situation here, the stock sold off 15% to its lows in august after that earnings report. it has recovered a little bit. it's up here. waiting for the guidance now. i'm sure you're going to be fairly constructive, maybe not at 30 times right here, but they just closed this activision deal. i don't mean to sound really excited about this, i'm just -- >> it's just your way. >> if you're a bull, there's a lot of things you can point to, especially in the guidance is

not disappointing, why this should be back on the horse. >> i agree with everything dan said. there's a lot to like here. that reacceleration, that's a really good thing. and we'll get to alphabet, but contrasting that, they didn't have that reacceleration. slower growth. i mean, there's a lot to like. the whole question is, though, what is the right multiple? what are i paying for? how much of a premium should they get? they should get a market premium. it's an extraordinary business and the margins are phenomenal, but where are we in the pixie dust growth? at 30 times, doesn't seem crazy to me. i have a very small position right now, wish i had more, but unless we hear something very different, there's a lot to like here. >> especially if they are showing reacceleration relative to some of their competitors in the cloud business model, maybe it really deserves much more of a premium in this sort of environment where you want safety, you want execution. >> i tend to agree. i think it's tend to push for a higher multiple here, i mean, at 30, 31 times, i think it's what it trades. there's been pull forward in

terms of expectations in terms of a.i. it's definitely will sustain the multiple, but i don't really see more than one or two turns, perhaps three turns, and conversely, there's probably eight to ten turns of downside. if you look back three, four years, this thing was trading at 19, 20, 21 times. it's about finding that balance there. with that said, expectation is relatively high, though it did have weakness since it peaked out in july. i think the setup was set up for it to be constructive, but the facts are, they delivered. and i think, you know, 30 times, it's really hard to argue selling it when they are actually delivering. >> the stock setup was actually very constructive. it's been range-bound since that july report, julie. it was, you know, between 310 to 330, it's finally broken out. what would you like to hear on the conference call? >> well, i think part of the reason why we traded sideways is i think everyone looked around, was like, wait, when is this a.i. stuff really going to take shape? and i think any kind of early indication that having a.i.

within their cloud offering makes the business stickier is going to give people a lot more confidence that there's durability to these earnings. and in this level of kind of uncertain times, people are willing to pay for that. i think where the stock is trading today, it is richness of this multiple and even this reaction afterhours is a function of the fact that a lot of businesses so far that have been reporting haven't been executing quite as well. and particularly, once you have some dampened expectations, that is what moves the stock higher. like, when you have kids, you have to have low expectations, it's kind of the same thing with stocks sometimes. >> when we think about the guidance that's going to come out, we want to focus on enterprise customers and demand for these products. there was an article say todaying openai's corporate sales come under pressure as a.i. customers eye cheaper options. so, these are corporate customers there's going to be the ones that are going to be buying these co-pilot sort of service added onto their microsoft 365 that they're already paying for, openai obviously, microsoft invested $13 billion into it, they are

going to integrate it into bing and all that stuff. we spend a lot of time talking about a consumer that might or might not be weakening, and then we think about, what is enterprise spending look like from here on out, if we have a weakening economy, we talked about it last week, i think microsoft laid off 700 people in their linkedin division. that's flat. we know the headwinds in advertising-based models and such. stock's up, it could be down 4% in an hour and a half or so, and it doesn't really change the story, it's just the expectations, i think, still remain high, despite the stock is down 10% from highs in july. believe it or not, because 30 is a multiple, with rates where they are right now, where lots of growth investors are starting to kind of just say, is this -- if this is going to be a harder 2024, how am i set up with the big names that are very crowded right now. and we, you know, they are crowded. make no mistake about it. >> microsoft's call in 25 minutes time. let's move onto alphabets.

despite top and bottom line beats, the search giant seeing a rebound in advertise, but cloud numbers were below expectations. dee idrdre bosa has the details. >> expectations were high for alphabet, and you can see the stock is down nearly 7% in the afterhours. the analyst call just kicked off about 35 minutes ago. it was opened by reflecting on the last 25 years, milestones they just hit in september and spent a lot of his remarks looking ahead to the, quote, opportunities enabled by a.i. there was good updated stats on youtube. shorts is averaging 70 billion daily views. there are 150 million-plus people watching youtube on tv screens every month, that's a so-called living room segment. also shoutout to nfl sunday ticket that they said is helping to drive engagement and subscription growth. google cloud, though, fell short of the street's expectation. it was affected by some customer

cost optimization in the third quarter, which could temper expectations ahead of amazon for its cloud unit reporting later this week. porat reiterated they continue to invest in generative a.i. q-3 cap x was $8 billion, driven overwhelmingly by a.i. compute. it seems the stock took another leg lower on that, and analysts just asked about the monetization of that a.i. drive and you guys were just talking about it. the team at google said that a subscription model was one possi possibility, but they also sthad generative a.i.'s effect on search is still going to boost and keep their ad business strong. back to you. >> all right, d-bo, thank you. deirdre bosa on alphabet. karen, what do you think? >> the search part was good. there's still growth there, so, that was good. the cloud part, which is really been kind of the outside fore us

can versus its size, that was disappointing. the margin there was disappointing. particularly in light of we just said microsoft showing pretty good cloud growth, so -- that's a little bit disappointing. some of the kind of noisy things that made the beat were things that i kind of don't care about, so -- you know, google bet, stuff like that. so, it was okay. it's a different multiple, obviously, than microsoft, so, you know, i kind of let it shake out a little. it's a big position for me, so mildly disappointed, but i'm not going to sell, there's nothing terribly wrong here. >> i can agree. if anything, i would rather be buying on weakness. i understand we wanted to see better results from the cloud, but the fact of the matter is, these companies came out last quarter and said that enterprise customers were looking at ways to kind of make their spend a bit more efficient. we got a bit of a lead here. i understand, particularly looking at the tail of two clouds, they didn't deliverer in the way microsoft did. with that said, i still think ad spin is definitely a positive sign, because on one hand,

you're worried about enterprise, on thor hand, you're worried about ad. and to see that tick back up gives me hope for the economy and for other platforms. and the last thing i'll say is, this reminds me a bit of meta. not exactly the same, but when meta kind of got smacked around for spending that money on that metaverse and we didn't know how they were going to monetize it, we're seeing that in terms of the infrastructure spend on generative a.i., but i really have -- if there's some company that i don't have doubts about their ability to tlifer erdelivt front, it is likely alphabet. >> you mentioned ads and meta, i would think on the ad beats for alphabet that meta would be okay in the afterhours session, it's down by about a percent, julie. and -- how do you look at alphabet right now, and how are you feeling about meta later this week? >> yeah, i think for the long-term investors, i think alphabet is such a great place to be. generative a.i. is really in their becomeyard in terms of where it started, and i think that they are being thoughtful about how they expand it and i

think that in the -- over the long-term, this is still a very strong, strong business. the biggest problem this company faces is more on the regulatory side than anywhere else. just such a strong level of profitability and cash flow, and i think that was very encouraging to see. for sure, it's a little disappointing to see that, you know, the margins, particularly on the cloud business, were not exact ly where you would want them, but it's what you would expect, given the level of investment they have to make to support that infrastructure, so, i think -- i agree that, you know, this is a business that lives and dies on its ad business. the cloud can sometimes be helpful or hurtful, but it's more important to gauge the strength offed a verve tuesdayers, and i think that we've seen that. for meta, it's going to be interesting to see, too, i'm really curious about what's going on with threads and how that's impacting their business, because i think that's a place they have an opportunity. >> interesting, so, if we're going to just trade these names, like, in the last three months, you know, when amazon reported, aws, last july, right,it, like -- early august, i think,

the deceleration wasn't as great as people expected, the stock popped on better than expected retail, okay, and then microsoft sold off because there was, you know, and then this one now is down 7% after this -- this had a big gap last quarter, because, you know, it was better than expected. these hyper scalers, they're all -- this is it. there's no one else. oracle's going to try, ibm is going to try. this is what you have to play with. and i think that if each quarter y , you're going to trade them, because one takes 2% of the share of the other. i think just to put this point, you guys both made this, google, alphabet has the best valuation support. we expected 20% eps growth next year, double-different sales growth, and again, if their margins are expected to decline, you know, yearover year a bit, that is what they're telling you, because the cost of compute, to integrate this generative a.i. into, like, all of their, whether it's their productivity tools, search, whatever it is. so, i think you have the valuation support here that you don't have in microsoft, and i actually would probably rather bet on google able to do a

better job, and really commercialize products better than microsoft. i don't know about you guys, microsoft is not the product you want to go home kwand use it -- they don't have pearl devices, and google is so ingrained in our online behavior here. and you think about their ability to do it with youtube and other things. google, if it goes back and fills in that gap towards 122, where it was last july when it reported, i think it's an easy buy right there. >> for more, let's bring in "fast money" friend gene munster. gene, good to see you. microsoft's quarter as good as the stock pop? >> well, i think investors should just take a deep breath. we put a lot of pressure on google cloud number, the deceleration, understand that's caught people's attention from 28% to 23%, while azure had that step up from 26% to 29%, but the deep breath piece of this is

just looking at the aggregate of what is in front of google over the next decade. they essentially have -- are losing share in cloud right now in part because of microsoft a optimizing openai on azure. so, they are gaining usage because of that. google's answer to openai is their new gemini platform. that is -- they were talking about it on the call here the past 35 minutes, and that's their new -- that's their answer to openai. as that gets integrated, it will start in the december quarter and further new models, they said, will be announced in 2024. microsoft will announce new models, too, but i think that this scale will tip back towards google or more level playing field between google and azure and we'll see a reacceleration. but most importantly, the reason why i think investors should ultimately view what's going on at google as positive is, they are investing more, but they are doing it judiciously.

they are saying they're going to grow earnings faster than expenses. and if i -- if this plays out in terms of how search is going to be impacted by a.i., we're just at the very beginning of this. and i just want to fill in the final thought here, melissa, in terms of why search is important, relative to a.i., is what google wants to do is take what you use google for today, that is for information, 1 navi navigation, and commerce, and add onto that basically generative features. sol, as they add that, you're going to go to google more over time, and there's more opportunities for them to monetize search. and so, big picture here, the google story is intact. i haven't even talked about microsoft, because i'm just so surprised at google's reaction here. >> jgene, it's karen. thanks for being on. how do you think about the valuation of google here, and what penalty, or what do you put on the contra side for the doj

lawsuit? >> so, i'm in dan's camp. he was outlining the valuation p perspective here. i think it's at the top of the most attractive,that's why at deepwater we own shares of google. it is, i think, the most attractive and probably the best positioned relative to the opportunity in a.i., so, karen, i think that the valuation is attractive. second in terms of just what's going on with, you know, this -- the risk to regulation is, this catches headlines, it's an important topic, but i don't think much is going to change. and don't have the time to go through the game theory in terms of how this most recent piece is going to change, relative to their ability to bid on placement within, like, safari, for example, but i think that -- i don't think it's going -- i think it will play out to be ultimately a net neutral for google. these headlines will pass and i think investors are going to focus on what matters most with google, which is why they have a

pole position with what is going to be a decade shift towards a.i. >> real quick, gene, on microsoft, because we didn't touch on that at all, does the quarter so far -- we haven't gotten to the call , but does te quarter put a floor under the valuation? >> i think it does. i think there's reason for optimism. microsoft is going to be the first beneficiary of a.i. we've seen it with the azure business in the september quarter. we're going to see when they start to turn on the monthlies for adding co-pilot, which is going to be in the middle of november, so, i think that dire directionally, analysts are going to find addition sign on their keyboard tonight when it comes to estimates for 2024. >> gene, thank you. keep us posted on anything you're hearing on either of the calls here. >> will do. >> thanks a lot, gene. see you later. okay, dan. microsoft oral fa al phabet, ea. >> alphabet. >> alphabet for sure.

>> wow. >> clean sweep. >> oh -- >> going to buy microsoft. >> we'll keep up posted on the calls. coming up, more afterhours action. snap and vitvisa's numbers. plus, jamie dimon's harsh words for the fed. what it means for the markets and the economy. don't go anywhere. much for "fast money" in two. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this.

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welcome back to "fast money." we've got even more earnings goat to tonight. snap back in the green after a sharp reversal after its results. >> we'll get to that in a minute. but first, visa beating on the top and bottom line. kate rooney is on the conference call. >> melissa, the executives have been talking about strong consumer spending and travel demand. the payments giant announcing a 16% dividend increase, and a $25 billion buyback. payments volume was up 9% for the quarter. revenue up 11%. that was stronger than expected. cross border volume up 16%. those are the higher margin international transactions for visa. the ceo saying that we have, quote, seen a resilient consumer spending, and jog gone recovery of cross-border travel spending.

he also just said there is still macro uncertainty, but i am confident we can manage it. that was on the call just now. american express used that same adjective, resilient. we got mastercard coming up, they report on thursday. and this was visa's fiscal fourth quarter, so, the company gave full-year revenue guidance, looking for high single digit to low double budget revenue, no eps guidance. back to you. >> kate, thank you. and i'm glad kate mentioned american express. we're getting different reads, though, when you look at a decision cover discover financi. they are in different parts of the payment chain, so to speak, but still, a read the consumer. >> brian moynihan, he said, low inflation economy, consumer activity has slowed down. this is real-time data. that's what he said on their call, you know, on the 14th. i think there's a lot of

contrasting data, but most of the data actually points to a decelerating consumer right now, at a time when we're feeling the lags of these interest rate, we've never seen rates go this high this fast. we started hearing this from the department stores over the summer, we're starting to hear about auto delinquencies and stuff like that. i don't know how you can paint too rosy of a picture based on what visa has to say. >> i don't think they have to be mutually exclusive. definitely the decelerating consumer. i think those more expensive durable goods, but when you talk about international travel, that really has been the understanding of a storm coming, but that seems to be the area of stability within the consumer complex. so, i think, yeah, you probably don't want to be overleveraged to the consumer, but if you are still constructing a balanced portfolio, you want that consumer exposure, you want to

be higher up and have that exposure to travel, leisure, and international, specifically. >> so, there's a lot of noise here, right? we've got -- you would think visa, with billions of transactions, would have outstanding data. you would think bank of america, with millions and millions of customers and cards, would have outstanding data, and yet, they're kind of painting different pictures. the cross-border is interesting to me, you know, one of the things that's hurt luxury, which i own, is that the travel, international travel is down, and that's a big part of their business. a name like estee lauder, same thing. it's very noisy. i don't know what to make of it. why would visa be sort of a free pass to not be optimistic, right? >> right. so, why -- >> why -- >> must feel very good. so, i don't know what to do about the noise. it's difficult. i'm lodgeng consumer stuff, i'm staying long. >> let's get to snap now. up as much as 20% afterhours,

down as much as 7%, now up by 3.7%. julia boorstin has been combing through this report. julia? what's the latest here? >> snap beat on the top and bottom line and announced a half a billion share buyback. the key thing here is the company reported an unexpected profit rather than a loss that analysts anticipated, and reports a 5% jump in revenue rather than a 2% decline that analysts were expecting. they attributed this reversal to its growth trend, a return to growth, to improvements to its ad platform and also new subscription revenue. now, the stock did first jump on those beats and a better than expected revenue guidance, but then it declined, it's now up about 3.5% again, but that dip might be because snap cautioned about uncertainty in the fourth quarter. saying that the hamas-israel war caused some brand advertisers to pause campaigns.

saying, quote, we continue to observe new pauses in the risk that these pauses could persist or increase in magnitude remains. now, snap's call starts in about five minutes. so, melissa, i'm sure we'll learn more then. >> all right, julia, thank you. julia boorstin. dan, you've traded this around. >> yeah, so, that revenue beat might be, i mean, at twitter's expense. might not be -- what they had to say about q-3 ads and kind of rationalized some cost and we know they've been cutting costs aggressively over the last year and had consecutive quarters of disappointing results or so. we also know that their revenue was up 5%, largely drawn by ads, they mentioned subscriptions. we know that on the flip side of that, twitter is probably down 50%, 60% yearover y over year. so, if advertisers are seeing better success in a platform like snap, they're going to shift away from that sort of platform. to me, this is good news. they talk about an earnings

beat, that's an adjusted, on a gap basis. they're still losing a lot of money. i don't think that does a whole heck of a lot for them, but this is probably the $16 billion enterprise value. to me, i think it's a cheap asset, if you think, at some point over the next year, that the ad business that they've spent a lot of time trying to get right, right, and trying to compete better, they're not growing users right now, but if they can better monetize the users they have, this is a cheap asset. there's a lot more "fast money" to come. here's what's coming up next. 100% dead wrong. jamie dimon sounding off on central banks. what he says they've missed, and how it affects the market after this. plus, the auto strikes are growing. and now, gm's largest plant is feeling the pressure. the latest on negotiations, and just how much worse this can get for automakers. you're watching "fast money," live from the nasdaq market site in times square. we're back right after this.

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welcome back to "fast money." we've got a news alert on the house speaker race. the republicans' third nominee dropping out of contention in the last hour. emily wilkins has the details. emily? >> hey, melissa. yes, tom emmer, you know, he was nominated by his colleagues at noon and by the time 4:15 rolled around, he dropped out. we knew that emmer had some work to do. we knew that 26 of his republican colleagues said that they did not plan to vote for him on the floor. but the real death nel came when former president donald trump posted on truth social criticizing emmer, questioning his republican and conservative credentials, and suggesting that folks should not vote for him. and that really kind of sealed the deal against him. emmer came in, told republicans

that he wanted to be a team player and that he was bowing out of the race. looking forward, we're going to be having yet another candidate forum, just like the one we had last night. we already know a couple folks are planning to run again, mike johnson, the conference vice cha chairman, kevin hern of oklahoma, and mark green, the chairman for the homeland security committee could be getting into the race at this point. and, of course, once the candidate forum happens, then they're going to have to vote again on a new nominee and once again, it is the race to see if that person can get to 217. melissa, at this point, i think the question is, can anyone get to 217? >> yeah. i hope so. emily, thank you. emily wilkins. this comes on a day where jamie dimon said policymakers were 100% dead wrong 18 months ago, and that no matter what they do with rates, he would be cautious into next year. this is just a week ahead of the fed's next interest rate

decision. all this factors into one big delicious stew in terms of uncertainty and where rates are going, julie beiel. what do you think? >> yeah, i think -- his comments, they make sense to me, right? i think many people were really concerned about inflation really two years ago. i think in september of last year, in '21, i was starting to be very, very concerned that it wasn't going to be transitory, remember the word? so, i think his point is well-taken, and i agree. the point that he made is the difference between another 25 basis points here and there is nothing, and i agree with that. i don't think it really matters. i think what anyone really cares about is just how long we're going to be at these levels, particularly as we're looking at refinancing u.s. debt and kind of the wall of refinancing on the corporate side that we're going to start seeing in '24, '25, '26. i think that's his biggest concern, and i think that's what he's talking about when he says there's heightened risk going into 2024. >> as i say, hindsight is 20/20. i think it's easy to beat up on

the fed. yes, they were wrong. and on one hand, i think they need to be accountable for that. on the other hand, they have been steadfast in their fight against inflation. and so, it's fine to kind of, you know, hold their feet to the fire a bit here. they did get it wrong. projections are often wrong. but are you going to be humble enough and agile enough to kind of change course when you receive new data? and i just think the bar needs to be -- what decisions are you making with the information that you have at the time? and i will say, they got this dead wrong, but they did a hard pivot, and i think that's very tough to do. so, i just think we kind of need to, like, weigh it with the left and right hand and see the picture in its entirety. the last thing is, i don't know if anyone can model out the affects of covid, a global pandemic, i think those things are a bit tough. and so, again, i don't want to give them a pass, but i want to make sure there's a wholistic approach in terms of judging

performance. coming up, new developments in the united auto workers strike. gm feeling the pressure, as thousands of workers walk off the line as its largest plant. the impact and the latest negotiations in two. and wondering how to navigate this rising interest rate environment? personal finance expert s suziorman, is here in the house, to help you make the right decisi decisions. her advice ahead. "fast money" is back in two.

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sporting the kick off the savings monopoly tag for unlimited bonus game tickets at lucky! welcome back to "fast money." stocks rising as earnings season gets around way. the dow jumping 200 points. the s&p up and the nasdaq leading the gains, up nearly 1%. take a look at some of this morning's earnings movers. coca-cola higher. ge also jumping , as well. and verizon having its best day since 2008. the company beating estimates and adding more customers than expected. still, it is down 13% this year. take a look at bitcoin continuing its rally. trading as high as $35,000 as optimism over spot etf grows. bitcoin prices have doubled so far this year. meantime, the uaw is

expanding its strike against general motors today, stopping all work at the company's plant in arlington, texas. the move coming just hours after gm posted better than expected third quarter earnings, though it pulled its full-year guidance due to mounting costs associated with the strike. when could costs for the auto industry become too much to bear? phil lebeau has got the very latest. it sounds like if we're not at that point, it's going to be soon. i think before you said 42% of gm's production is now shut down? >> 42%. and they -- this was a big hit today, melissa, because wihat te uaw said, what's your best plant? what's the most profitable plant? you know what, we're taking it down. and that's what the uaw did today at the gm plant in arlington, texas. how important is this plant? by the way, has about 5,000 uaw workers. this is where they build large suvs. think of the suburban, the escalade. big ticket vehicles. that's why it's the most profitable plant for general

motors. 20% of its u.s. production. if you look at all the uaw strikes around the country, you're looking at well over 40. eight final assembly plants. 43% of the big three's u.s. production, just the u.s., 43% of the big three's u.s. production has now been stopped by a uaw strike. take a look at shares of general motors since the strike started on september 15th, couple of things to keep in mind. the strike since the beginning has already cost gm $800 million. and you mentioned, melissa, they have pulled down their guidance for the full year due to the cost uncertainty. they don't know how much more it's going to cost. it that thought $200 million a week, that was before the arlington plant was brought down by the uaw. they have responded today by saying, look, we think we can get a deal done. we want to get a deal done, but in the meantime, we've got to run a business. and running the business means laying off people if there's not going to be work for them to do. so, today general motors laid off an additional 139 workers at a plant in ohio. it has now laid off more than

2,400 workers since the strike began at six facilities around the country. again, because there's not work that's coming from those plants where a strike is taking place. quickly, take a look at shares of ford and gm. two notes here. ford reports after the bell on thursday, not sure if that means we'll hear the uaw on friday say, you know, you had great earnings, we're going to take out a plant. or hear nothing at all from tu aw. and also, with regard to stellantis, yesterday, the uaw said, we're going to take down your sterling heights plant, the one that makes the ram 1500, just outside of detroit. well, now we have more layoffs, and these are from stellantis, 525 additional workers laid off today. by the way, melissa, these layoffs now totals more than 7,000. i mean, it's becoming substantial that the big three are saying, look, if we don't have the work here, we're not going to continue paying people in certain positions. >> do these people now get paid out of a strike fund and does that fund run out at some point? >> no.

>> no, they're not getting any sort of pay. >> well, i mean, look, they can -- there has been discussion about, do they appeal to the uaw and say, look, i was laid off, can i appeal to the strike fund? typically what happens, it goes into the state unemployment laws. depending on where the plant is at. and that will be the determination able whether or not, you know, how much you get on a weekly basis. >> all right. phil, thank you. phil lebeau. karen, you are officially as of today -- >> yeah. >> out. >> half yesterday, half today. i just -- fatigue is probably the main thing, but there's not -- a lot not to like here. this strike, obviously, but that -- i do think that will pass. these things almost always pass. the only thing i can think of is air traffic controllers, but it will pass, but in the meantime, this has suffered for a long time of not getting a multiple for earnings. four times. the only way is if they miss those earnings. then they'll get a big multiple, however much the miss is, so --

and we were talking about this at the break, the ev rollout seems to be pushed off, and so how to value the business, what's the ice worth versus what's that ev that's further and further out, at higher rates? i don't know. all those together -- i'm done. >> yeah. and the costs just continue to grow. as phil mentioned, it koelss sc0 million so far, the cost of the strike, $200 million a week, but with this latest plant, it's going to be more than that a week. that's what the analyst points have been, the costs are only growing. we want to get to headlines we're getting from the microsoft call. the ceo saying they have over 1 million paid github co-pilot users. more than 37,000 organizations are subscribed, and over 18,000 organizations use azure openai service. we're seeing the stock hang onto that almost 4% gain in the afterhours session. 13 minutes into the conference call. we'll keel you posted on that. it's been a volatile time

for the markets. how should you navigate those moves? suze orman is here in the house with her read on the economy and your money. that's just moments away. and later, another check on big tech. more headlines from the alphabet chor"falosoft earnings cl. mu me ast money" right after this. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com meet gold bond daily healing. a powerhouse lotion that moisturizes, heals, and smooths dry skin. with 7 moisturizers & 3 vitamins. and... new gold bond healing sensitive. clinically shown to heal & moisturize dry, sensitive skin. gold bond. your shipping manager left to “find themself.”

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welcome back. a new reality check for consumers. bankrate reporting interest rates on store credit cards, a

hair under 30%. so, how much more can consumers withstand in this rising rate environment? let's bring in personal finance expert sue soze orman. she hosts the women and funding podcast. great to see you after all this time. >> i know, my friends, i'm back. >> you are back. and people think about you and they think about personal finance advice. you're really almost like a "fast money" trader, too, because you have a whole stock portfolio, but for consumers, they're really strapped these days. you know, affordability for homes is at a record low, they've got the credit card debt. how should we think about rates and how can you take advantage of rates right now? >> the only good thing about high interest rates are putting money into treasuries. i think last time i was on told you that the majority of my money, that kind of money was going into three and six-month treasuries, because i did think interest rates were going to

continue up, and now i think the play may start to be in long-term treasuries. so, i've started to dip my toe in. every time the 30-year crosses 5%, i buy. every time. and it's done it, like, twice i think now, it's back down to 4.8. because when interest rates eventually do go down, i don't know when that will happen, 1% move down is a 20% capital gain in that bond. so, i can play a bond even more now than a stock in a certain level. but i don't know when the top of this bond market is going to be. but i'll let it show it to me. >> suze, there are few people in this country that have a better pulse of the u.s. consumer, and what their want to do is with their excess savings and the like. how do you think about -- to your point about putting money in treasuries and it's a guaranteed risk-free rate, a good rate, finally, to your point, okay? how do you think about the opportunity cost about parking cash for too long in something

like that, how do you talk to everyday americans who are looking for alpha every once in awhile? >> listen, you have people who -- the object of money is for you to be secure. it doesn't do you any good to put money in the stock market if all of a sudden you get afraid and you sell at the wrong time, you buy at the wrong time. so, for those people, treasuries. however, for those people who want to take advantage of what i think is a lifetime opportunity in a long time, because what all of this has done, these high interest rates, have forced people, as you know, out of the stock market, into bonds, some of these stocks, how do you pass them up? i mean, you have to go into them. now, do you go into them with everything that you have? no. do you dollar average into them and take advantage of days like the past -- yes. and i think you'll be making a big mistake if you park your money forever in bonds.

>> all right, so, suze, as she said, we think of you almost like a "fast money" trader. what is it that -- what's in your portfolio? what's in your wallet? >> so many things. a lot of stocks are there, but my one sad thing that happened was pioneer, pxd, got bought out, we'll see if it goes through, to by exxon, and that was my big dividend player, because i felt solid with that company, it was a nice dividend, you had growth, they were down, they went from 280 all the way down to 188, how could you not buy it? and now, here it is, and it's being taken away, and i don't love exxon as much as pioneer, so, we'll just see how that plays out. however, if i'm not looking for a dividend, i'm looking for growth, i love amazon, i love shop shopify, microsoft, which i did yesterday. i love some of these stocks that you just have to be apart of.

that's all. >> we were just talking about microsoft, you know, because they reported earnings after the bell. good earnings report so far, good conference call so far, the stock is p toing. all of these guys, they would prefer alphabet over microsoft because of the valuation. how do you look at, you said these are stocks you want to be part of, versus the valuation it's at today? >> well, they're the traders, what do i know? but i don't like alphabet. just personally, for some reason, i don't know why. i don't know why. it's this inner feeling that -- they feel old to me. they just feel old. is it always going to be their search, their this, so, i like microsoft. i like how they were involved a long time ago with a.i., who knows where they're going to go from here, but i like that, so -- i would do microsoft over alphabet. >> i have to ask you, suze, what is the return on your portfolio? >> negative 20% -- no.

it depends. i had some serious losers at this point. however, i don't care. because i don't want to buy a stock a dollar cost average into it and hope it goes ups i want to buy a stock and i hope it goes down and i hope it goes further down so i can accumulate more. i started at seven, went all the way up and i'm like, don't go up, don't go up, and now i have to wait until she comes back down again. but -- so, i don't have a problem when i bought a stock and i'm down with it, because i buy it long-term. i'm not a trader with it. >> yeah. >> that's a great attitude. you're a winner either way. >> either way, i will win. patience and the right picks over the long run, you will win. >> suze, thank you. stop by any time you are always welcome here. >> all right. >> suze orman. well, we have been dialed into

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get way more into what you're into when you stream on the xfinity 10g network. welcome back to "fast money." microsoft is holding onto gains afterhours, up 4.6%. gene munster has been listening into the call. gene, no guidance so far. i suspect that's going to happen at 6:01 or so? >> yeah, it's -- probably crossing any minute now, we're going to get that guidance.

let me fill you in, mel, on what's happened so far. cfo amy hood has highlighted three takeaways. their azure upside was based on a.i. engagement. she said it as plain as day. second is the co-pilot, it's going to be added to office, has been in beta with enterprises, it goes live on november 1st, they're going to start to charge. we talked about that earlier, that's the $30 a month per user, available for enterprises this quarter. they say that -- the feedback has been, people can't live without it. those customers cannot live without it. and last is, there was commentary, a quick comment related to infrastructure spend, they'll be increasing that to meet growing demand. it's funny to me how google says that and shares fade and microsoft says it and shares don't budge. investors feel more confident that that spending is going to translate to revenue growth. ne mll right, gene, thank you. geunser. up next, final trades.

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time for the final trade. let's go around the horn. julie beal? >> i like meta here. the readthrough from google is encouraging and i'm really interesting to hear zuck talk about threads versus twitter. >> bonawyn? >> yeah, the reverse pivot on eved is really concerning for me. i'm with karen here. i'm better fader of gm. >> karen? >> yeah, well, going home with the girl that brought me. google. you went home long, which i did,

same as guying. >> suze orman doesn't like it. dan? >> consumer staples. that coke number was interesting and the expectations were low. consumer staples, xlp looks interesting. >> thank you for watching "fast money." see you back here tomorrow at 5:00. "mad money" with jim cramer starts right now. my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. you want to make friend, just trying to make some money. my job is to entertain and teach so call me. sometimes, there's this major schism between what stocks are really worth and what their

stocks