liz: david, todd, phil, adam, charlie gasparino. thanks for sticking through. we'll close close to the session. [closing bell rings] we have earnings, if microsoft comes through with a crazy good number, could turn tech around. connell: boy what a day for some reasons. melissa: everything. connell: we might be only getting started in some ways, but nasdaq we knew already in correction territory. down 10% from the high. last hour everything became a story with the dow, selling off as it is. those losses really accelerating into the close. down 606 points to the downside. you have 70% of the s&p now either in correction or in bear market territory. so down 10 or 20% from the highs. so we'll try to cover it all best we can, including breaking earnings. i'm connell mcshane. melissa: i'm melissa francis.

this "after the bell." straight to gerri willis on floor of new york stock exchange. brutal day. >> dow down 605 points. erase all gains for the year. s&p 500, down 83%. we've broken through support levels. we're at 2656. i'm being told now we're in no-man's land because we have broken through the support levels. people are looking for something to perk the market up tonight in terms of earnings. we have earnings coming out possibly. but, i got to tell you, people are not positive. all news seems to take a negative tinge instead of a positive tinge as we look at markets. nasdaq in correction territory as we know. let me tell you what the traders here are saying. that there were a lot of sell orders, to be executed at the close. as much as a billion dollars in stock market orders at the close here. you saw what happened. we just rode it down like a

roller-coaster into the close. the dow at 24,584. people concerned there is no real support level for s&p 500 until you get to 2600. so we could see more selling tomorrow. possibly. everybody looks for something good out of the boeing's stellar report and notion they would have a better fourth quarter, that the year guidance was positive. didn't do anything to help the dow. the yes how important are earnings right now? of course we traded lower on the news about the suspicious packages being delivered to democrats. every time we got a major headline on that, market sold off. that is not only thing going on here. one of the traders telling me today that they are nervous ahead of the election because they feel like all kinds of news and policy changes, tax change, regulatory change, that was put in place by this administration and white house, the trump administration, could be at risk

if we get democrats in control in the house. so they are concerned about that. we're telling you, keep an eye on this, tomorrow morning will be very interesting indeed to see if we have any improvement in the performance. guys, back to you. connell: this next hour will be interesting to see how the companies come in. gerri, thanks. melissa: we await huge reports on earnings right now. john petrides, point view wealth management. gary b. smith from kadena group. fox news contributor. gary b., let me start with you, gerri mentioned it, boeing had all good things to say. it didn't help. >> tells you that the market obviously, to state the obvious is very worried at this point. everything, good news, bad news, is taken with a negative tone. i actually, oddly enough think it is kind of constructive. when everything gets thrown out, i mean, i'm looking at netflix

which got crushed today. one of the stocks i own by the way. despite stellar earnings report. there was, i'm not sure there was any, i think i have maybe, verizon of the stocks i own was in the green. that was probably just like a buy of up quarter point or something. when everything gets flushed out. yet i look at the economy is good. gdp is good. earnings like boeing is good. i think this is more emotional and panic selling than anything else. i think we're starting a previous guest might have said, getting close to a bottom because this sounds like they're just throwing everything out with the bath water. melissa: i missed that end part. hang on one second. we have breaking news on microsoft, reporting first quarter results. go to deirdre bolton with the numbers. deirdre. >> melissa looks like beat on top and bottom line. take you through some figures, eps, as far as the consensus, 96 cents a share. we're looking at 114.

that is better than 15% increase, if you look quarter on quarter. if you look at revenue, this should reassure wall street. we've been talking about pressures about peak earnings. take a look at revenue. 29.1 billion. consensus for 2and change. so you have increase quarter on quarter about 19%. i'm still going through some of the individual revenue sources, intelligent cloud, productivity and business process, personal computing. one thing i can tell you, remember when microsoft bought linkedin? that was summer of 2016. they just actually posted revenue for linkedin up 33%. melissa they paid a little more than $26 billion for that professional networking but idea just to increase or establish, reconfirm their position in the professional services world. melissa. melissa: great stuff. i want to go right back to the panel. john and gary with us.

windows central executive editor. john, let me start with you. she mentioned it. peak earnings. one of the concerns, peak earnings. peak growth. look what we heard from microsoft, a solid beat, earnings per share, 1.14. revenue. solid beat 29 billion instead of 27.9. does that sound like solid earnings and peak growth to you. >> the key here they blew away the top line. so it doesn't seem like it is peak anything to me because, their top line was so strong and top-line growth has been a big risk, fear investors for companies earnings this quarterly season because you have missed a lot on the top line number. so this looks like a home run for a quarter for microsoft. connell: one thing i bring up, i'm trying to find year-over-year numbers in cloud computing as an example, although everything i can see

headlinewise to back up what deirdre said, we were talking about looks positive. it is interesting, sometimes, and gary, maybe you can jump in on this. it is interesting not only what the companies report in this environment, but i'm thinking back to netflix, but how the stocks react to those reports. for example, we reported netflix numbers that night. the stock went way up. microsoft reported initially the stock traded higher and started to trade lower. melissa: down about -- only a couple seconds. connell: sometimes, gary you take more away, or at least i think you do from the reaction in this environment, kind of tells how people think about the world. what is your thought on that? >> exactly. you know, in this kind of environment, bring up a very good point, when company comes out and they have great earnings and they have freight revenue, and they're doing terrific, yet the stock still sells off, that tells me more emotion than anything else. the future looks bright for microsoft. and you would think people would be buying on this kind of maybe

unexpectedly good news. so probably says, you can probably wait a few days. really start buying microsoft because, like i said, going into the future looks the like the stock price should be higher, not lower. melissa: stock price is coming back as you're talking. just went positive. daniel -- >> based on my words no doubt. connell: gary. melissa: based on a few details. for example, looking at gaming revenue, which increased 44%. did you expect that, daniel? >> aspect of microsoft going forward, 2019, 2020, we heard report from npd, xbox sales some of the best sales for the console yet this year. i'm not surprised by numbers, happy to see them. xbox gold and game pass is doing exceptionally well. returning service for users. constant stream of revenue for them. really good payback system.

melissa: yeah. john, you heard, beside peak growth and paying earnings, the other big concern is about the election coming up. we see that in the market. when you look at company like microsoft, that company has exposure to regulations what is going on around the world. is there a big focus in the market? do you think politics is outweighing even like what we're seeing here when you see a beat? >> well i think politics and outcome of the upcoming midterm elections is part of the wall of worry that investor are dealing with. you know, since the president has been elected there has been very much a pro-corporate america, pro-business growth environment. melissa: right. >> fear if democrats take over the house and possibly the senate, that that entire agenda gets thrown out the window and market would react negatively, definitely. connell: one of the things with all the companies, daniel can probably take this, are there growth numbers they're putting up? this gets into the whole peak earnings concept?

will they be sustainable. i mentioned cloud computing business a couple years ago. looking at year-over-year growth. percentage number did come through. think about this business is larger, larger part of what microsoft wants to do. they were able to grow year-over-year by 90% of figures they reported last year. this year, analysts, at least some expecting growth to be5%. they sound like huge -- 85%. they sound like huge numbers an they are. they came in with 76% growth rate. not that it is not good but can companies like this and businesses like this keep growing at rate they have been growing? maybe it raises questions going forward. melissa: greedy. connell: i'm always greedy. what do you think, daniel? >> cloud computing is some areas where some peaks and valleys especially. there is a lot of room left. returning to gaming, cloud streaming for xbox as well as other services. i wouldn't be surprised mike so the selling their own cloud services to companies like sony, or nintendo going on.

a whole other area we have barely even scratched upon. while enterprise and corporate may slow down a little bit. this avenue and new stream of revenue for gaming and cloud streaming will be a big one. connell: stock is up, thanks to gary. melissa: john, gary, stick around with us. connell: tesla the other big one, releasing third quarter results any moment which inoff itself is story. goes without saying, tesla has been battling challenges of its own. that is putting it mildly with everything gone on surrounding ceo elon musk. that said, seems like there is a fair degree of expectations on this particular quarter, if only because they moved up earnings release. i think they did that one other time. it was one quarter they reported a profit. your view on tesla, gary? >> my view on tesla is simple. it's a head-scratcher for me. this company, whether you look at the revenues, whether you

look at units sold, it is a blip. i mean, basically this is an electric car company. people are trying to bill it as something bigger but the fact is there is 11 models out on the road right now that compete with their model 3. connell: right. >> almost all of them are lower priced and with bigger muscle. ford, everyone has an entry into this. nissan, volvo. out there, and, i don't understand their barrier to entry. why, you know, someone over time couldn't just dwarf, in fact they are dwarfing tesla. connell: yes. >> people are buying tesla based on, quite frankly the genius of elon musk. beyond that, i just seems like a huge bubble to me. connell: let me talk a little bit about product as we await the results and bring someone else into the conversation. gary i assume is one driven all these cars, teslas on down, gary

gastelu joins us. that is a fair assumption, isn't it, gary? you probably driven model three in a test drive, all the rest. there seems to be some expectation delivery numbers will be strong there. maybe this is a decent quarter for tesla because they moved up the profit number. we'll see. there goes stock jumping after hours. we'll look at numbers, see details what tesla will report. talk to me, gary, about the model 3. >> one thing we know they sold 53,000 of them last quarter. chevrolet and nissan sold 22,000 electric cars all year. they really blew it. they gave test late big lead even with all the delays on model 3. tesla capitalized on that. whether they tans late that into profits. they have taken over the market and they have done it. major automakers may not be interested getting there quickly if it means losing a lot of cash. melissa: deirdre with more on

microsoft. what are details. >> i want to refine one number we brought you by our own calculations which was revenue was 29.1 billion. microsoft reported from their press lease, 29.08 billion. so now just to refresh your memory, does represent 19 increase quarter on quarter as far as sales go. we've been talking about, how this addresses some of the analyst community concerns about having reached peak earnings. microsoft, clearly executing, exceeding expectations on revenue which is important. we've been talking about that theme this week. i also want to highlight one of the revenue sections of one of the businesses we were talking about about, productivity and business processes. the company posting $9.8 billion in revenue for that particular part of the business. the takeaway here, 19%, again, increased quarter on quarter for that part of microsoft's business. this is a blowout quarter for

microsoft. so hopefully should give a little bit of to the tech sector tomorrow. melissa: deirdre, thanks for that. connell: we are coming off day where nasdaq entered correction territory. the dow fell 600 points. don't forget about that. 15 minutes after closing bell. let's continue to wait for tesla figures to cross the wire. what is interesting, the pop in the stock happened on screen. don't notice if we were talking. earnings report was being released. i was trying to look down and my computer wasn't. microsoft is up 3%. tesla if we get it up in the after-hours session, sizable gainer. 5%, might be a little bit more, a little less than that. what do you make of that, john? we're seeing jump in the stock after-hours after day on wall street before the numbers came out? >> someone probably knows something on the results prior to it being released. you know portend what we've seen over the lasts couple days of

rush into tesla stock ahead of this quarter which elon musk teed up one he sees where he will beat significantly on. melissa: we have breaking news right now. visa reported fourth quarter results. go back to gerri willis with numbers. gerri,. >> visa the world's largest payment network, they're coming in a mixed result. eps, a penny beat, $1.21, revenues lightly better than 5. three billion dollars. as opposed to $5.443 billion. the numbers actually matter quite a bit. what is interesting here, payment volume up 11%. that is good news for this company. we were hearing today that fund managers rotating out of technology, and into payments processers like visa. out of stocks like facebook, into stocks like visa. finally again, eps, bottom line, 1.21, penny over expectations of

$1.21. revenue 5.43 billion versus expectations of 5.44 billion. revenues up 12% over year ago. guys, back to you. melissa: gerri, thank you. connell: more breaking news. this time it is ford. ford motor company reporting third quarter results. i want to point out tesla, jeff flock on the story of the newsroom in chicago is also coming out with its figures, deirdre, our team charlie brady everybody up in the newsroom will go over those. tell us the reason why that stock is popping after-hours. jeff, you can tell us the reason ford is up 2 1/2% after-hours. >> ain't no tesla, but not bad for ford, take a look of the its beat on eps by a penny a share. on revenue a major beat. look at these numbers. dropped the glasses. 33.3 billion the survey said. actual, 37.67 billion on revenue, large as a result of

sales of f-series pickups. take a look at numbers from ford. increase in transaction price of $858 per vehicle up to now, the average price of 46,000 plus per ford f-150 and f-series. the stock was down, prior to the session. now as you report, the good news has boosted it a bit. connell? connell: jeff, watch the glasses. that is a fair number. looks pretty good, melissa for ford. melissa: breaking news, tesla reporting third quarter results. deirdre bolton with those numbers. >> we're still combing through. bring you what i have. $2.90 a share adjusted. if you remember this time this quarter last year the company actually posted a loss, negative earnings of 2.92. if you compare that, again, the 2.90 figure i gave you is adjusted. keep that in mind. revenue exceeding wall street expectations. 6.82 is what tesla released. as you remember, analyst consensus was for revenue of

6.33 billion. so do the math on that one, that is increase of more than 110%. so that is pretty good as far as the revenue figure goes. long story short we'll look for model three production, margin expansion. chinese expansion. those are big questions, when i made call from tesla analyst community. meantime, back to you. melissa: free cash flow, deirdre, big one. thank you. connell: john, gary b., gary gastelu is with us. a lot of garys, very difficult for interviews. my other brother darrell. john is the one who said that hey, somebody knows something, right? this stock did have a nice pop before. maybe that, well, maybe somebody knew something, maybe they didn't. now we all know something. i don't know if it is apples to oranges or not. you report a profit of 2.90 people looking for 19 cents. you don't have to be a math

major knowing that is a pretty big beat. what do you make at first glance, john? >> particularly on the top line. this is good things for the cash flow. ironically i was cfo of tesla, do massive share dilution and raise enough capital to free up all concerns that bears on the stock like myself have. shore up balance sheet. fund the huge growth profile inn front of you, investor ares baking in. current valuation, company should do share dilution right now. connell: only thing negative on headlines that cross are tariffs impacts. i believe the numbers company is throwing at in terms of tariff impacts on china. we'll double-check that and run it through a little bit more but gary, i was talking to you about model 3s before, 56,006model 3 s. melissa: that is what it said? what? connell: 56,065, gary gastelu,

in terms of a number that is a good number. we were talking about this before the numbers came out. >> that is absolutely great. one thing they're doing this quarter, is chasing demand and best-selling model 3s. they have been adjusting prices, adjusting production, just this week they eliminated one model, which indicates they weren't selling enough of those. they changed model structure to go where profits are. looked at 35,000-dollars model 3 is six months away. that doesn't matter because they're putting money in the bank. melissa: gary b., what number haven't you heard yet you want to know about? is it the gross margin number? free cash flow? >> exactly. for me, for me it gets right down to earnings for these, for this company. they can their revenue figures are kind of surprising, if you will, again i contrast that with the revenue and earnings of a company like ford, what does ford make? 7.6 billion a year?

so people are thinking, oh, my gosh, tesla will be the next general motors. and again, maybe, maybe i'm like warren buffett on tech. maybe this is one of those, i'm just going to miss. it is going to be a superstar, but, just, you know, who is buying these cars by the way? just people in l.a. and new york? and everyone else is buying the ford trucks? they don't have any distribution network. they can't make any money. again their unit sales, still, even if they, 100% over expectations are still miniscule. melissa: battery everybody says. about the battery. connell has something. connell: put that stock screen up full screen if we can, i can turn over for one second. i want to read -- look at side of my head if you want. tesla cash flow from operating activities, 1.39 billion, total cash increased by 731 million. it said it had free cash flow or operating cash flow, when you take out capital expenditures.

i know this is wong question a little bit. free cash-flow $831 million this quarter. >> john, what do you think of that number, is that enough? >> the question is it sustainable. elon musk teed up on this quarter, had to deliver. put a lot on the line. the story is not on this quarter. where tesla will be three-years from now. half the street thinks it will be bankrupt. the other half thinks it will be leader in car sales. this is just one print not a trend. melissa: at least it was cash flow positive. which people had doubts about. connell: thanks, guys. melissa: moving on to another story, authorities intercepted a series of suspicious packages across the east coast. you probably heard about the story. crude pipe bombs were sent to the home of former president bill and hillary clinton and president obama and cnn new york office. this is the moment cnn employees were forced to evacuate during a live broadcast.

excuse me, that sounds like a fire alarm here. we'll keep you posted on that. >> there is a fire alarm. we'll find out what latest is. we'll be right back. melissa: you see the people filing outlined them. kristina partsinevelos is live outside the time warner center with the latest on this, kristina? reporter: right now, almost seals like everything is back to normal. they have opened the street. this morning when i was here at 11:00, there was 300 police officers. big dark black su vs, cop cars. they're trying to figure out what was in the packages. we know there were pipes in there, a white powder. latest person to receive a package is maxine waters. she is a california democrat. she received one. if we work back in time, a package sent to sunrise florida to debbie wasserman schultz, who is former dnc chair. you also had one, of course sent to cnn identified for john

brenner, former cia head. you also have one sent to obama and the clintons but that was intercepted. secret service said it never ended up going to the residence. last but not least on monday nights. there was a package sent to george soros in new york city. so you have all these locations, washington, new york, florida, being tapped, being hit with these packages. similarity, this is what law enforcement tells fox news. there is a similarity between these packages. several of them have excessive postages. they're yellow. they have similar labeling. some have the same return address which is debbie wasserman schultz, former dnc share. they also said the choice of pipe used in the packages is very unusual. i want to get to the latest statement from cnn president right now who said there is total and complete lack of understanding at white house about the seriousness of their continued attack on the media, the president, especially the

white house press secretary should understand their words matter. thus far they have shown no comprehension of that. just moments ago, maybe about 20 minutes ago, 40 minutes ago, senator jeff flake from arizona. he stepped out, i just happened to grab him. he was quite critical on president and rhetoric that has been going on in the polarization across the media. listen what he had to say. >> we have real enemies around the world. we shouldn't be inventing them here. by casting our political opponents as our enemies, you know we're creating problems we shouldn't have. reporter: right now they're still investigating packages. cnn is back up and running. law enforcement told fox news, they believe its an individual or a group behind the packages because there are similarities. throw it back to you guys. melissa: kristina partsinevelos here to react,.

homeland security official please, what strikes me, kristina went through a lot of facts behind this case. one thing strikes me none of the pipe bombs went off. is that significant? what do you make of that? >> yeah, ultimately could prove to be significant. thanks for having me here today. this is certainly something that the joint terrorism task force will be looking at, comprised of state and local officials along with all federal agencies moving very quickly as they investigate this. so certainly they will be looking how the mail system was attempted to be exploited here. and the makeup, composition of pipe bombs themselves which atf, alcohol, tobacco, firearms has expertise in. that will play a part in the investigation. however, i can assure you jttf will look at everything, eyes wide open here across the country as lead develop. melissa: do you think the fact that none of them went off, does it lead you to believe, it is possible they weren't meant to,

it was meant to scare and terrorize and confuse people but, you know, perhaps they weren't even meant to go off? or designed in a way that wasn't effective or person doing it didn't have a chance to trigger them? what do you think? >> i think it could be all of the above quite frankly. but let's make no mistake about it. your one point these packages were sent to create some kind of terror across the country. and the american people have to have confidence that the investigators through the jtf f are work diligently to identify person or group that is behind this. melissa: yes. >> secondly, secondly there is an important point, federal agencies, no surprise like secret service and capitol police have robust mail screening processes in place. they performed exactly as they should. as you slide down the scale, towards average american citizen

where diligence comes into play in terms of reporting something if it doesn't look right to local authorities. i think we saw the guidance given out by the senate sergeant at arms that directed local congressional offices to do just that. melissa: charles, thank you, good stuff. we appreciate it. connell: we continue to cover all breaking news. more on this coming up with the president making comments on suspicious packages. we'll tell you what he has been saying after the break. ♪ i'm gonna regret that. with liberty mutual new car replacement we'll replace the full value of your car. ♪ liberty. liberty. liberty. liberty ♪ experience the lexus rx with advanced safety, standard. lease the 2018 rx 350 for $439 a month for 36 months. experience amazing at your lexus dealer.

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connell: testing time for one of the largest automakers in the world. we just brought you the numbers moments ago from ford and its third quarter. and cfo of ford motor company, bob shapings joins us now break down figures -- shanks. the company was able to put together a pretty strong quarter, beating by a penny on the bottom line. your revenue figure was well above wall street expectations. from my read you were able to do

that despite a number of challenges. what was the most challenging part of the environment this quarter? >> we had a number of challenges around, we had lower volume. certainly saw challenges in turkey and in russia, sort of macroeconomic challenges. in south america, most people are aware of what is going on in argentina, brazil, those were challenges as well. then of course, within china, you know we had our own issues, if you will in the second quarter. we saw some improvement against those results as we moved into the third. highlight was probably north america, getting a margin of 9%. best quarterly result in ford credit since 2011. connell: you're doing that in an environment where trade war is all over the headlines. what has been the impact on ford from the tariffs? >> connell, that is a really good point. i should have also mentioned commodities as well. what we've seen from a policy standpoint obviously, we benefited from the change in the

tax, tax code. we're certainly very, very thankful about the u.s., mexico, canada agreement. that still has to be ratified. what we're still hoping for, within that agreement, that they can address the tariffs on steel and aluminum. because we've seen impact this year on that, from, sort of a bubble type price situation of about $600 million of headwinds. on top of that, about $200 million, related to tariffs two and from china. which forced us to cancel product program that had charges associated with that, of about $150 million. probably tune of about a billion dollars of headwind from all of those things this year. connell: total impact of tariffs is billion dollars is what you're saying so is the policy, your relationship with policy, washington policy, you mentioned some positives, tax cuts, usmca are helping you, net positive or net negative in terms of your relationship with policy and, the administration's policies

right now? >> well i think in terms of the long term it has to be positive. addressing nafta agreement huge for sector and ford. tax code has positive long term impact. but in the shorter term, clearly the issues that we talked about around commodities and tariffs, so forth, have hurt us. connell: we're covering so many breaking stories as you know, bob. we'll leave it there for now. we appreciate your time to talk about the quarter. bob shanks. thanks a lot. melissa: we're continuing to monitor the situation surrounding suspicious packages sent to former presidents obama and clinton. debbie wasserman schultz, cnn new york headquarters all of that. president trump weighing in on the frightening situation saying safety of american people are the top priority. we are live at the white house. ♪

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melissa: president trump condemning the attempted attacks on multiple high-ranking democrats today. blake burman live at the white house with the latest, blake. reporter: melissa, the first reaction from the white house came from press secretary sarah sanders and then after that shortly after that vice president mike pence, they described whoever might behind attempted attacks as cowards. later in the afternoon we heard from president trump and first lady melania trump, that the president is saying he is angry,

sad and upset. first lady says we should embrace kindness over hatred. >> we have to unify. we have to come together. and send one very clear, strong, unmistakable message, that acts or threats of political violence of any kind have no place in the united states of america. >> we cannot tolerate those cowardly attacks and i strongly condemn all who choose violence. >> the president, melissa, describing this as major federal investigation right now as fbi, department of justice, department of homeland security and united states secret service, i'm sorry. melissa: thank you, blake. connell: well cover as search for answers continues this wide-ranging criminal investigations underway over suspicious packages sent around the nation. the new york city police commissioner said devices at cnn appear to be crude pipe bombs. joey jones, retired marine corps

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melissa: looking at earning. tesla soaring after hours. making good on elon musk's promise the company would turn a profit this quarter. electric carmaker reported adjusted earnings per share. $2.90. that was a beat. silicon valley carmaker ramps up production of its model 3 sedan. >> full weight of our government is being deployed to conduct this investigation and bring those responsible for these despicable acts to justice. we will spear no resources or expense in this effort. connell: president trump this afternoon at white house, condemning explosive devices being sent to cnn, to the clintons and to the obamas among other places today. he has promised to bring whoever is behind this to justice.

for more insight we have sergeant joey jones, a retired marine corps bomb tex. he lost his legs in a bomb blast in afghanistan. thanks for coming on. joins us via telephone this afternoon. what you have seen or red or pipe bomb like device and similar devices sent to other other locations that you read into or have a takeaway from? >> good evening. to read anything using nothing more than information available and not a picture is a guess. we have to be cognizant. not downplay anything, whether or not this might be a hoax or things like that. any threat like this, coordinated, orchestrated in multiple location has to be taken seriously and looked at, what they seem to be which are bombs. with that being said, with one

picture put out there, there are i think this that concern me and this is not very well constructed or detonate at all. we'll donate soon enough and hopefully i'm sure they will. there is plenty of forensics available on these devices been sent out. none of them have detonated. we'll be able to track down whoever is doing this through, you know, multiple ways. connell: what about the idea that none of them did -- detonated, what does that tell you? >> things a bomb-maker, a bomb tech, says that really doesn't match up. there are components visible or should be or wires going in directions shouldn't go. timer, where it goes, how it acts, incorporates making of a bomb. don't want to go into great

detail. you never know who is listening. two, they're very nuanced would be hard to explain anyway. but there are certain characteristics and things made to blow up you see over and over again. ultimately you're creating a circuit that eventually closes of the that is what you're looking for, what will close the circuit. connell: something is missing in other words? >> something that isn't apparent for sure. with the timing device, that how the bomb was supposed to be armed or how it was supposed to be detonated? things like that. questions need to be answered that are not obvious without a picture. connell: take a cautious approach and not speculate. we don't know a lot right now. maybe we'll call on you in coming days. we really do appreciate it. >> absolutely, thank you. melissa: in aftermath of a booming economy, fears after eventual slowdown in corporate growth? how do we keep growth going? bob nardelli, former home depot ceo is coming up next.

melissa: we just had a slew of corporate result this is hour. visa topping profit estimates as company benefits from higher consumer spending, strengthening u.s. economy. sounds like good news. joining me bob nardelli, former chrysler and home depot ceo. we were talking about the break that companies are doing so well. economy is doing well. you look at earnings, they're not getting rewarded at least today. the market down 600 points. what do you make of it? what is your impression? >> really unfortunate as we were discussing. i think only certainty today is uncertainty. corporations are working really hard to deliver very profitable and healthy returns to their investors, to their employees, to the consumers, et cetera, melissa.

so it really is, i can tell you from experience, when you beat the estimates and your stock goes down it is really depressing. it is kind of a distraction for not only the ceo but all of the hard-working men and women within the corporation. yesterday we saw decline, then a little bit of a bounce back. people thought it was good time to get in. today people are slammed down. if you think about it, it really doesn't make a lot of sense, oil is down. gold is down. the depression in this market, just hard to explain. it is not based on corporations. we heard a little bit earlier from cfo at ford, some of the things they're able to handle, through, you know, if you think about, going to be some price increases. there will be some supplier negotiations. there will be a drive on productivity, be able to handle tariffs. i think as he said in the long term, i would agree. that this is a good thing. we have corporate tax down. we got regulations down. we have repatriation of funds

back, capital expenditures are up. it doesn't seem to be connected in a fashion we're used to. melissa: that sound like maybe there is opportunity then. sound like emotion and sentiment behind the market doesn't match what we're actually seeing. you know, when you look at, what the fed said recently, in the "beige book," they were talking about wage increases, worker shortages, these things are result of a growing economy. maybe this is political uncertainty and concern about the election would tee you up. if the election goes in favor of president trump, and his policies, that maybe the market goes up after that, and this is the lull before the positivity, and it is opportunity. what do you think of that theory? >> let's hope so, melissa. if you think about this administration, i talked about another 10% or so tax cut for the middle class which would be great. obviously if they hold congress,

they hold the house, we got a shot at it f they don't, then we may see it go the other way. then the administration will blame of course the other party that took control why they're not able to deliver this, you know middle class tax incentive. we got a lot of goes ins, goes outs a lot of distractions detracting from good, so did -- you said it exactly. the economy has great momentum. positive, if you look at all the charts over the last couple years and you see, everything is moving to the right. then you have a day like this, just hard to explain. melissa: i mean you look at some of the comments. firms experiencing high turnover rates, difficulty retaining employees. offering more benefits, flexible work schedules, in order to keep their employees. those are signs that there is lots of jobs out there. those are all really positive things you're hearing. doesn't seem it matches we're at peak earnings or peak growth.

>> we saw numbers a couple days ago where opportunities for jobs exceed the availability of individuals. that really is kind of a narrow definition of it. i think there is plenty of workforce out there. we just need to get them back, reengaged. obviously when you're competing for labor, you will have some cost increases. that is probably good for the individuals, right? cost of living. melissa: right. >> wage increase. we saw that. that should all be good things for us, melissa. melissa: remind me of election night, when they announced president trump had won. you watched market really tank. people like paul krugman coming out saying, when will the market recover in short never. you knew that was sort of personal, political emotion getting ahead of logics and the idea this would be a president who encouraged business, who cut regulation, who cut taxes. we saw the market take off. could this be that moment again? >> let's hope so.

let's hope that good, responsible reporting like you guys are doing here, you know, tends to settle, calm some of the anxiety out there and we have a good day tomorrow, thursday, and friday, bring this thing back up where it should be, melissa. melissa: bob nardelli, thanks for coming in. come back soon. connell: really interesting how we trade tomorrow. good numbers tonight versus expectations. more than usual this will be closely-watched tonight. president trump is getting set to depart for wisconsin every evening. we'll talk about that before the midterms, next. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪

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watched her go watch of the market starts marked the earnings tonight. absolutely. another one of those caves is. everything we heard was good news for missing people are spending more money in to let the market looks at it as has been a comic tells you a lot about emotion. >> so far so good after hours per you will see right now "bulls & bears" with david asman. tree into a major criminal investigation now underway in growing in areas of new york, washington d.c. and florida. what we know about the suspicious devices spent to several prominent democrats including the homes of president clinton and a bomb as well as cnn headquarters in manhattan. live on the scene coming up here and also bringing you the latest on the topics that matter most to you and your money. this is "bulls & bears." ♪