tencent has bought into activision, yet that has gone unnoticed. so with that protest and that interest you will see regulators clamping down on investment in china into videogame companies. so regulatory hurdles, backlash from these protests. when will that have an impact on activision blizzard's bottom line? will it be this october to december? well, actually no. the biggest impact right now is fatigue for the same old games. if you look at the lineup they are offering right now it is just lineup they are offering right now it isjust a lineup they are offering right now it is just a sequel, sequel, sequel. gamers are tired of this content and the earnings hit will come from a lack of sales and lack of interest in the current games rather than the protest. but when will the backlash of the protest and banning of these players have an impact on the bottom line of activision blizzard? well, i actually don't think it will that much, because despite all of this noise online, people are still engaging. you do see lots of protests on twitter, but it doe

eye onkeeping an activision. whetherquestions about these publishers can continue to keep pace with all the entertainment out there. caroline: what do you think, patrick, you were talking about rotation -- where's the consumer? the consumer has been the bright spot. we expected to continue. retail sales on friday. that will confirm the trends we have seen. they are getting pay increases. that is filtering through into a healthy backdrop. joe: what is the next big thing on people's radar? few weeks before the macro data, the fed, is it just this trade thing? luke: i think we are stuck in the confirmation of positivity we have had on trade for some time. we won't get anything on the remaining $300 billion. that has been the view for the while -- a while. there is renewed optimism about rollbacks. the glass half empty would be any time you get more optimistic, it's another chance to be let down. you can always go down another 99%. [applause] -- [laughter] scarlet: no one can predict what is going on in washington or

activision trading down a little bit.check on investment sentiment and wale tax the battle is on bill gates said he's willing to sit down with elizabeth warren while alexandria occasio-cortez has joined in on war race, earlier criticism of jaime di n dimon. is the monolithic view of emerging markets obsolete? at pgim, we see alpha in the trends driving specific sectors of outperformance. where a rising middle class powers a booming auto industry... a leap into the digital era draws youthful populations to mobile banking and e-commerce... trade and travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha. partner with pgim, the global investment management businesses of prudential. rowithout the commission fees and account minimums. so, you can start investing wherever you are - even on the bus. download now and get your first stock on us. robinhood. ♪ >>> breaking news on gap ceo art peck is stepping down as ceo. the company's chairman robert

brian cornell something you don't want to miss plus exclusive interview with the ceo of walmart and activision blizzard. we'll talk about that with becky. a quick check on the markets now. before the market ownings, dow looks like it would open down off about 115 points s&p 500 looking to open off about 12 points and the nasdaq looking to open down about 39 points. treasury yields. 10-year note at 1.745. we'll be hearing from the fed a little later today in terms of those minutes. >> hearing from lowes right now. lowes is reporting as we promised $1.41, which is above expectations of $1.35. sales $17.4 billion. that might be slightly below what was your number for sales >> i'm looking at comps right now. it seems like they did a domestic comp of three, which is in line with expectations. >> in sted of total sales. but it still looks like a revenue miss the guidance for the year goes to 5.63 to 5.70. are they going to close some underperforming stores in canada totally 34 of them i guess that's the adjusted net. the gap number there are all those things in line it's down 3.5 points already wher

activision blizzard, the stock is up 13 cents.world of warcraft. i don't know what i'm talking about here but i'm told they are -- >> sound like you do. stuart: investors are worried about the lack of innovation. but the stock is recovering a bit there, up 20 cents. $54 a share. >>> now, look at alibaba. we call that china's amazon. now, they are gearing up for a listing on the hong kong stock exchange, trying to raise $15 billion. a bigger story is this. they are prepping for singles day. it comes up monday. it's like amazon prime day, only much, much bigger. the stock has reached $186 a share. own a couple shares myself. i'm a happy guy. >>> president trump is now en route to atlanta. he will talk to african-american voters. now, next on this program, i will speak with a guy who spearheaded the black voices for trump coalition. he's next. ♪ great riches will find you when liberty mutual customizes your car insurance, so you only pay for what you need. wow. thanks, zoltar. how can i ever repay you? maybe you could free zoltar? th

activision reported third quarter earnings.he world of warcraft classic and call of duty coming off a dismal year, in part due to a controversial decision to temporarily ban a player for making pro hong kong statements. take-two also saw a revenue bump in its most recent quarter. that increase was fueled by recent releases of borderlands three from gearbox software and publisher 2k, launched in september, and nba 2k20, the best-selling game in september. the maker of grand theft auto also raised its outlook for 2020. and coming up, the future of genealogy and its role in the wider health care system. that is our conversation with the ancestry president and ceo, next. this is bloomberg. ♪ taylor: providing genetic data will empower consumers and improve their health care. that is according to the ancestry president and ceo. the company has faced criticism about the value of the dna data they provide, but the ceo says it will advance health care and give providers more information about their patients. she spoke to bloomberg's ma

well tell you i think steve outside of his blanket i like what he is doing on the gaming i active activision if you think of the stock stabilized, multiple earnings 21 times you have the dynamic in the pipeline that you have some tailwinds after difficult comps. it's a name i'm long big into gaming and that's all the kids are doing. >> how about cmg >> i don't know about cmg. i think you have a little bit of a reversion back on this one it's -- i don't know, burt burrito. >> guy needs to be at home having them. >> the multiple prepare stations and not all the franchise have them so you wait in line i don't know, i think it's run its course due for pullback. >> do you have circulation in in your feet. >> no. >> he hacked off all his toes. >> now i got to show them again. it's the craziest thing they make me do. >> those are your slippers you brought them in. >> you didn't have to tell people that. that's not right. >> coming up on "fast money. here is what else we have cooking. >> restoration hardware getting a boost as warren buffett makes a bet on the home goods retailer we'll break down wh

we'll see how the controversial decision affects activision blizzard as it prepares to reports its latestndertakers have been celebrating life with a life—size coffin cake, traditional dance and free flowing drink. the cake was slayed by a stake, as per vampire lore, while hundreds of funeral workers from the east of the country joined the celebrations. parts of england and wales look extremely wet with localised flooding in places and the risk of travel disruption all courtesy of this new area of low pressure which is going to park itself across the uk and is very slow—moving front will bring some very wet conditions are essential portions of the uk. early on thursday, the rain band will be slowly spreading its way northwards so someplace is quite wet. luxury showers across the southwest and some showers across scotla nd southwest and some showers across scotland which will be wintry over the high ground. a little bit of sunshine around and not quite as cold as start as what we have seen the last few nights because we have cloud around. the rain band will grind toa cloud around. the rain

abductions that have taken place here we've heard over the course of the last 2 weeks that many activision even medics have been kidnapped from protest sites in different parts of the country and also to prosecute and punish those responsible for the use of the show support the statement from your nominee also called for election reform all this being said though we just don't know when this is going to happen certainly there is more pressure building on there it up the officials to do this but the fact of the matter is we've heard from ed up the official saying they want to we just don't know when it's going to happen and we don't also know if it's something that the protesters here will accept that and we saw more protest on sunday resulting in more civilian deaths what are people telling you what's the mood amongst people there. so look we're going to hear square right now did he know right now it's fairly calm in certain quarters of the square the mood is positively jubilant a short while ago we were walking through a that oh my that's a very well known historic park here in this part

brian cornell something you don't want to miss plus exclusive interview with the ceo of walmart and activisionlizzard. we'll talk about that with

. >>> two earnings movers on the gaming side to mention beat on top and bottom lines for activision blizzarder. take-two going the other way a lot more "squawk alley" straight ahead back in two. big day. by the way, she's the next mozart. as usual we were behind schedule. but sophie's enthusiasm cannot be dampened. not even by a run-away donut. we powered through it in our toyota prius. because a star's got to shine, no matter what. it's unbelievable what you can do in the prius. toyota let's go places. >>> let's get back to disney shares up almost 4%. iger saying the streaming service disney plus is, quote, ready to go, and coming to an agreement with streaming rival amazon to have it on the fire tv platform as well nice to have you here. >> i'm excited >> did you think this news was significant? >> i think every streaming service has to make the same play, every platform, every screen apple is doing it as well. they're already on roku. the best app on any roku device is apple app, says a lot about the roku platform. every streaming service has to make the play, cannot be restricted to one

. >> activision, blizzard, ea, ten cent cent and take two are positioned well for the future. >> singles day, what would you be a buyer of here is alibaba or amazon >> i'm going to look at walmart this thursday. all my friends at the desk have seen what walmart is doing believe it or not they still have twice the sales of amazon on-line and they're moving hard in the on-line to kind of compete with amazon. i like walmart i think walmart has a chance on their earnings day on thursday pay attention there and that's where i want to be long. >> jay, what will you be looking for in the retail sales number due out on friday? >> estimates show that it should be flat, but we had a negative number in september, so the key is really is this going to start to set up a nice trajectory heading into the holiday season. if we can see something a little more positive i think we're going to see a lot of confidence in the broader economy going forward. >> jay and jeff thaux for joining me today for more etf edge our live on-line show starts at 1:00 p.m. on etf edge.cnbc.com singles day and more back to yo

activision sales are up 17%. >>> zillow shares are surging.ported a third quarter revenue better than expected thanks in part to a strategic shift into house flipping in the mortgage business zillow said the home flipping business is expected to den ner rate $1.25 billion this year. >>> still to come on "squawk." narrow mixed friday open on wall street following record closes, with the dow and s&p 500 >> quite a bit better. >> moved up. dow jones up six or seven points. >>> then a potential bid from the former new york mayor and billionaire michael bloomberg. we are going to talk about what it would mean for wall street and whether it's even plausible, if he'll enter the race. >>> at the top of the hour, disney's results beating estimates days away from the launch of disney plus. we will continue to talk about the streaming wars and what comes next "squawk" returns right after this (nervously) ready? ok, ready sweetie? nice, you ready to go again? are you ready, dad? i'm ready. imagine if your life insurance could help you live for today and s

it has taken stakes in epic games and activision blizzard.aiming to step up dominance in the chinese gaming market and planning romance titles to appeal to younger female players. let's look at how things are kicking off. 12ney trading underway, minutes, staggered start. look at how we are faring, up half a percent, tracking gains on wall street, s&p 500 with another record high weighting the next development in trade. new zealand ahead of the policy decision up .1%. chicago nikkei futures looking flat as do u.s. futures. kathleen: south america's longest serving president has resigned after election regulator -- election irregularities triggered weeks of protest and intervention from the armed forced -- forces. the president says he is the victim of a coup. joining us our editor. what happened in the last 25 hours? reporter: [indiscernible] today's events started in the morning when the organization of american states that there were serious irregularities in the vote. after they said that the president agreed to new elections but didn't spe

we have a lot more on tap for you, more on disney, activision, blizzard, and other things don't go anywhere to college and i'm not gonna be around... i'm worried about my parents' retirement. oh, don't worry. voya helps them to and through retirement... ...dealing with today's expenses... ...like college... ...while helping plan, invest and protect for the future. so they'll be okay... without me? um... and when we knock out this wall imagine the closet space? yes! oh hey, son. yeah, i think they'll be fine. voya. helping you to and through retirement. sometimes, they just drop in. obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ >>> after five trading days, dow up 2.3%. s&p up 1.6 best month since june and august respectively opening bell is coming up in just over six minutes. new york state is taking business to the next level. supporting innovative companies that will shape tomorrow and building workforce development and tuition-free college p

. >> activision blizzard had a great quarter.derstand why there were sellers yesterday it was, i think the company was very conservative. bobby kotik is a good manager. a solid buy. >> we're going to have -- >> good lineup. >> how come i wasn't invited to do that? why wasn't i invited to do that? worried about my status. >> when is it? the 19th. >> i'm concerned >> yesterday, we watched shares of walgreens up a lot. walgreens had one of its better days >> yeah. >> boots alliance. kkr made a formal approach to explore a potential leverage buyout of the company. a lot of analysts weighing in with their models. what is interesting is we mentioned how difficult it might be to actually put together the equity for a deal. given the size of the deal >> 16 billion in debt already. >> rolling in as 8 billion, 16.8 billion in debt existing you can put a premium on the equity and you end up with some big numbers. but beyond that, guys, there are a number of analysts saying you pencil it out, the returns don't look that good from doing lbo.

including the ceos of chipotle, walmart, activision blizzard "squawk on the street" is back in a momentn new york state is taking business to the next level. supporting innovative companies that will shape tomorrow and building workforce development and tuition-free college programs to generate the talent companies need. with a $150 billion investment in state of the art, modern infrastructure, and a nation-leading commitment to low-cost clean energy, new york is doing more than any other state to build for the future of your business. new york state, the state of the future. learn more at esd.ny.gov. >>> time now for our etf spotlight. let's take a look at the spidr ticker xlk climbs a day after the record close for the broader sector tech stocks on pace for their best in a decade the tech sector up 41% in 2019 handily outperforming the s&p 500. carl >> let's get a news update back at hq. >> hi, carl, good morning, everyone here's what's happening at this hour two federal jail workers who were on duty the night jeffrey epstein killed himself in a new york city jail were arrested on fed

like red redemption ii if you're an activision fan or call of duty that continue the tent is not availabled there's excitement about this technology. video game streaming is at any time future? on the other hand, what kind of puts and takes, what kind of sacrifices do you have to make if you team up with google how much do you give up in power of distribution, revenue share. those partnerships will be interesting to watch >> josh lipton, thank you. >>> shares of alphabet finished down 1% but not before hitting an all time high back to special distribution in april of 2014 earlier in the session. up next your wall street look ahead. key things every investor needs to watch as we head into a new trading day when "closing bell" returns. servicenow put our workflows in the cloud. this changes everything. you're right sir... everything. no not everything, i mean you're still blatantly sucking up to me gary. brilliantly observed, sir. always three steps ahead. six steps ahead. sixteen. so many steps. you done? a million steps ahead. servicenow. works for you. itso chantix can help you quit slow

they are disney, go pro, activision blizzard. on your screens, premarket, they are all up. that's where they are as of now. let's see what happens after the profit reports. >>> overall, this market is going up today. at least at the opening bell. look at futures, we are up 150 for the dow, about 11, 12 points on the s&p. the nasdaq up about 35. nice gains across the board. >>> elizabeth warren's attack on the wealthy, still going on. growing number of successful people speaking out about it. they are worried about warren. there's the slogan. worried about warren. that's the theme of the day, sports fans. mike rowe, the dirty jobs guy, big on skilled labor. millions of job openings in america. why can't we fill them? i will be asking him that question, 11:00 hour this morning. >>> president trump unloading on the whistleblower's lawyer at last night's rally. he says impeachment has been the plan since he took office. texas congressman lance gooden here with reaction. this is "varney & company" on a thursday morning. we're rolling. ♪ ♪ ♪ ♪ ♪ ♪ ♪ a more secure diaper closure.

sea changed balance of power in terms of how they deal with american corporations nba blizzard activisionry dramatically. >> i like what president trump has done changed the conversation on china has stood up to them. >> he is the only one i think one of the first people to realize we are at a point we have to decide who is going to lead the global economy, is it going to continue to be united states or otherwise it going to be china the president, has been very firm that as long as he is president going to be the united states. -- is actually standing up saying we're not going to allow china to continue to lie cheat and steal from everybody, and i think what he is doing, is remarkable, and i think something that needed to take place a long time i am glad somebody finally doing. >> it one piece of foreign policy in united states right now has a strong blauipartisan consensus chinese getting away with murder with american corporations we need to actually call bs on this on intellectual property, on -- on state subsidies -- >> the uighurs locked up in concentration camping apparently. >> hu

we'll see how the controversial decision affects activision blizzard as it prepares to reports its latestof you, me and all the newsday team. we will see you very soon. bye for now. hello there. parts of england and wales look extremely wet on thursday with the risk of localised flooding in places and the risk of some travel disruption, all courtesy of this new area of low pressure 00:14:44,948 --> 2147483051:44:07,189 which is going to park itself 2147483051:44:07,189 --> 4294966103:13:29,430 across the uk and this very slow—moving front will bring some very wet conditions through central portions of the uk. early on thursday, that rain band will be slowly spreading its way northwards so some places quite wet. blustery showers across the southwest and some showers across scotland which will be wintry over the high ground. a little bit of sunshine around and not quite as cold a start as what we have seen the last few nights because we have cloud around. but through thursday morning, that rain band will almost grind to a halt across parts of north wales, the north midlands, northern englan