oscar munoz.the executive edge employees at u.s. steel are set to get the biggest wage jump in at least six years under a new deal that was negotiated this week that's according to a reuters report that says the company is going to hike pay by 14% over a four-year period it's a sign that president trump's clamp down on foreign imports is bolstering at least the domestic steel industry in this case. >>> okay barry diller warning the media industry it will not be able to catch netflix. i sat down with the chairman yesterday and had some provocative things to say. >> they have such a lead that there is nobody that is going to compete with them at that level. doesn't mean other people are not going to have successful streaming services of 20 million, 30 million. but to think that you can invest whatever you think you can invest and ever get up to their numbers is kind of a fool'ser ran. >> after the bell last night netflix reported it had hit 137 million subscribers. we'll have much more of this inter

james quincey will be with us and oscar munoz, how the airlines trying to capitalize for the holiday season coming up the ugly reversal, s&p is down 15 and 18. back in a mitenu hey, what are you guys doing here? we're voya. we stay with you to and through retirement. so you'll still be here to help me make smart choices? well, with your finances that is. we had nothing to do with that tie. voya. helping you to and through retirement. >>> we'll get to the bond pit right here rick santelli in chicago >> the most fascinating issue is sometimes we get caught up, we forget of the big thing. many are talking about mario draghi is joining the club with no reduction and purchasing much less maybe that's one of the big triggers i think central banking activities and balance sheet continues to be a big issue. look at the one-week of tens we are giving up a little ground as we go into the official stock opening. if you look at a month to date of tens. you can see we are still higher on the right side and we enter on the left. here we are hovering at 3.10 there is really little doubt that there

don't miss oscar munoz on "squawk box" today. >>> csx's late effost earnings d forecast and they aresing revenue for the year the company benefitting from cost cutting and for higher prices for shipping freight. shares up about a half percent >> contessa, thank you very much for that >>> in other corporate news, google's youtube suffering an outage overnight users were unable to access the website for more than an hour. they were greeted about a blank page that did not show any videos users on the youtube app also received similar error messages. youtube acknowledged the outage and fixed the problem. shares of alphabet, as you can see there, up by almost a percent in the early trade following yesterday's big gains for the nasdaq >>> uber is reportedly in talks to spin off its self-driving car unit the "the financial times" says the company is considering selling minority stakes in its advanced technologies group as uber tries to cut costs ahead of a potential ipo. "the financial times" says in a spinoff uber would still keep a majority ownership stake of that serve-driving car unit u

. ♪ >> please welcome to the stage oscar munoz, ceo, united airlines, and secretary carlos gutierrez,ridge group and chairman meridian international center. >> thank you, and good morning. you know, there's probably not a ceo in the country that is -- that isn't thinking about what does technology mean for my business, how is it going to disrupt my business, how do i get ahead of our competitors, so we're very fortunate to have with us oscar munoz, who is a ceo and the ceo of united airlines and really has taken a lead on technology and how technology will impact the industry. so, we're very fortunate to have you today. thank you very much for your time. and let me just start out with a general question about united airlines. you've turned the business around, you've set the foundation up for the future, can you talk a little bit about where you're taking united, what your strategy is. >> sure. it is such a complicated world that we live in today, and just to reflect on the early morning panels and conversations, technology and digital innovation and all this brave new world we're par

we're delighted to present the corporate leader award to oscar munoz. congratulations.o do the will ferrell thing where it explodes into a thousand shards of glass on the ground. we congratulate you and we really appreciate your being here. your team is fantastic in washington and we hope to continue to work with you in the future. so thank you. and finally, as all of you know, today is a special day. this evening is the 50th or golden anniversary meridian ball. we will be seeing many of you there and we like to thank all the ambassadors that are hosting dinners at the residences tonight and our deepest gratitude to the congressional co-chairs. francis rooney that was ambassador to the vatican and a great friend and representative scott peters. we always have a republican and a democrat because meridian is neutral and this is a tradition going back 50 years. so we would also like to thank united airlines for being the lead sponsors this year. to all of our trustees and new advisory committee members for the center of diplomatic engagement. it's going to be a wonderful d

compete in price, wrecking their profit margins, as we learned the last time we spoke with ceo oscar munoz, the company won't be paying this game this time the stock has more upside. the darn thing sells for more. finally, i am giving the fifth spot to harris corp. they told us they are combining with l three technologies in a merger of equals and that makes it a very attractive play. and the combined company will be a major supplier for all companies of major components. it makes a lot of sense for these companies to join forces bottom line, if you want exposure to the industrial sector, stick with companies like union pacific, boeing, textron and united and harris. let's go to rick in connecticut. >> caller: hey, jim, how are you doing? >> well, how are you >> caller: i have a question about electric boat. they are building up manufacturing facilities and hiring hundreds of people, and what do you think of general dynamics for a stock. >> i think it is okay, it is not my favorite, i like raytheon but i never going to quibble anyone who buys general dynamics you have that interest in it a

we recently talked to oscar munoz ceo. if we get another swoon, this might be one to pick up ahead of earnings and we also hear from netflix. the stock trade on new subscriber numbers unless those numbers pick up, this stock is not going anywhere it was down 100 yesterday. it is my least favorite of the f.a.n.g stocks i have been telling you that the railroad will be seeing a slow down this is important. and it is something new. csx will let us know if there is a pause or something bigger going on be careful the problem is lam research, warned us early on that there could be trouble in semiconductor paradise didn't indicate when that slow down might be. unless ceo traces out a more positive second story. wednesday, we hear from avid laps this is run by brilliant miles white. i am expecting a good quarter and a nice forecast boost. i think abbot is the best place to be. we also find out how united rentals is doing this is a terrific company at the same time i worry about construction thursday nucor reports this company shou

will trade higher tomorrow we spoke to oscar munoz, and he told us that united continent tal is doing well, he should know, he is the ceo. lam research reported its first beat in ages it cowl be the encouraging sign for the lagging semi division. ibm declining. here is the bottom line, when the fed bears are away, the stock bulls will play, including health care, bank and most important tech the f.a.n.g haters are fl flummoxed. they just don't get it it is the cloud king and friends leading the way. juan in california >> caller: booyah, jim, and thanks for taking my call. >> absolutely. >> caller: really curious to get your thoughts on iipr, focuses on medical cannabis. really would love your thoughts. >> i have looked at this company, and i feel this is one of those companies that is overheated, up 34% i think it could come down a little 3% yield, not enough to intrigue this guy i don't know, i don't want to chase it let's go to jan in washington. >> caller: hi, jim, i am calling about the five power play recommendations you made yesterday. you recommended marathon and valero and not

that's driving greater revenue we are talking about united ceo oscar munoz tomorrow morning on squawk box at the ual headquarters in chicago, talking with oscar about the strategy working, the fourth quarter guidance where they go from here back to you. >>> thank you very much phil le be airline holder tim kick it off. >> united to me is probably the weakest three in terms of the expectations on fundamentals the call is important because that's an important time many times. if you look atsentiment quarte over quarter with where we were at the second quarter sentiment is improved and stocks near highs. people were overly concerned about energy prices. the capacity cuts will drive this and dplin is what people want to hear. >> this is the latest out of of the airlines. >> delta was good. the capitalism -- the cost. >> cost per available seat mile. >> that was good. >> full of acronyms. >> the gel fuel prices were a headwind but with the revenue going up they got leverage there. that was good. a lot to like here they stick by the 202011 to $13 eps. by this time next year the market will

we'll have instant analysis and don't miss tomorrow morning the cnbc exclusive with united ceo oscar munozk about the guidance and a couple of other things as well back to you. >> thank you with the united shares up 2.6% after hours. netflix is soaring after reporting quarterly results. the stock up almost 12% here after hours. a little bit off of what we saw a few moments ago. joining us now is john joining us is ed lee who is up on the new york stock exchange breaking down the numbers in the earnings release we'll start with you what can you tell us beyond the big subscriber numbers >> the big subscriber numbers was a huge beat way past what they had forecasted and what d analysts were forecasting. they have saying going forward they only want to give forecasts for the paid ads and not just the total you can see the stocks going up and down they are hoping they will give you a more accurate number you'll see fewer swings even though of course today's swing looks pretty good for that >> what do you make of the fact that they are able to miss their own subscriber growth so significantly? i