deirdre bolton has more. deirdre: elon musk's long anticipated human robot. -- humanoid robot.t ai day. >> this is the first time the robot has operated without a tether. deirdre: it walked on stage and waved to the audience and even busting a move. it runs with the same hardware at makeup as the autopilot system and fully equipped with humanlike qualities. >> it will do everything a human brain does, processing data, making split-second decisions and also communications. deirdre: he says he hopes optimists will transform -- optimus will transform humanity. the release of the long anticipated humanoid robot comes just four months after tesla announced it is cutting 10% of its salaried staff. the company later clarified that the hourly staff is expected to grow, meaning total cutbacks would be only 3.5%. >> he predicts the new robotic future where there will not many human employees, the profits and economic activity that will be produced will be so great that governments and other entities will be able to afford to actually pay humans to basically do nothing. deirdre: ai and th

i'm carl quintanilla with deirdre bossa.will check in on a few sectors within tech including big calls today from goldman on pins and take two. plus the state of hardware, a key theme going into q4 and the holidays as the biggest names make big bets on the biggest launches jon is live at the made by google, vent and some of them reported sales target will get interesting. >> first, you probably know this by now it is a fast-moving story with a lot of details coming out by the minute that elon musk twitter deal and our own julia boorstin has the latest >> julia >> deirdre, elon musk was scheduled for a deposition today. that has not been ng it has been delayed, but the trial, it is still scheduled to start on monday, october 17th and there is time to take this deposition in the next week if the two sides don't close the deal sources telling me that while musk has agreed to a price, there is still uncertainty about the deal closing and if the deal isn't entirely done that the trial will go forward as planned. so i am hearing f

for a look at y abc's deirdre bolton is here. deirdre, break it down for us. >> reporter: all right. good morning, janai. nationally prices are creeping up, they around 3.79 per gallon after 14 straight weeks of moving lower, and while some places like new york are relatively stable, the west coast is completely different story. california, prices are skyrocketing. in some places, prices soaring overnight by 20 cents. l.a. drivers paying an average of $6.45 on average. gasbuddy tells me the number of refineries has fallen, about 30% in california in the last 15 years and so when one goes offline there's no slack left. as a result of the higher prices governor gavin newsom pushing early distribution of cheaper winter blend gasoline, that's cheaper to produce, lower prices at the pump, between 10 and 30 cents per gallon starting mid to late september through november, as gas stations switch to this winter gasoline. demand falls as well seasonally as we start to stay closer to home. back to you. >> thank you. >>> to the midterm elec

deirdre has details about what led up to the deadly stampede. >> south korean president -- declared a period of national mourning, saying this is truly tragic, a tragedy, and disaster that should not have happened, took place in the heart of seoul last night. more than 100,000 people gathered in seoul for an evening of halloween festivities. while halloween is not a traditional holiday in south korea, it has become popular in recent years with young adults. this was the largest halloween gathering since the pandemic began. as the crowd converged in a narrow sloped alley, the scene quickly arrested into chaos. >> i saw -- erupted into chaos. >> i saw this mass of people moving fast and screaming and panicking. >> authorities say 153 people were killed and more than 82 others were injured and many of them in serious condition. >> we did not expect anything like this to happen. it was already too many people. we were on the street and i was already getting pushed. i was trying to hold my friend that passed away close to me. >> emergency services rushed to the scene. the victims were larg

hi, deirdre?took all of these steps earlier this year to become more efficient, and thus the street is expecting it to return the profitability this quarter, which would actually be a contrast to what we've seen from big tech so far i mean, they are profitable, but that efficiency piece has been missing for the likes of alphabet and meta. amazon may deliver on this keep in mind, aws growth, we are expecting a deceleration here, a sharper than expected one, that would likely hit the stock after microsoft warned its cloud may slow in the quarter ahead. also, this is the all-important q4 holiday quarter that we are going into so guidance here is going to be extremely important, as a reminder, damazon tells us what to expect in terms of the current quarter's revenue and operating profit >> let's switch to you, courtney, and find out what you think about amazon thanks, deirdre. >> amazon is two stories here. i think we think a lot of them as our ecommerce business, which has been our bread and butter.

deirdre, david, alencia, thank you all so much for getting us started. still to come this hour, the clock is ticking for trump to comply with that subpoena from the 16 committee. what happens if he ignores it? plus, we hone in on a key midterm race in wisconsin, lieutenant governor mandela barnes on his chances of unseating incumbent rick publican senator ron johnson. and tonight, trump hits the stump in texas, where he's bound to reappear's greatest hits, so no better time to talk about the nation like dangerous democracy on november's ballots, the fact that election deniers are running to oversee elections from coast to coast. secretary of state jocelyn benson will join us. first to just goalie in check other big stories this hour. jessica? >> thanks, alicia, we have breaking news for all of you out of texas right now. two workers are dead after a gunman opened fire at dallas met this medical center. police say they confronted the shooter, open fired, and they did injure him, but the suspect survived. so far, no word yet on a motive for today shooting.

could this be very good for the old-school taxi industry, deirdre.corner, raise your hand, you get in, exchange cash and credit for goods and services, because i imagine this will dramatically increase the cost of a ride >> is there any difference right now between uber and lyft and the taxi industry? >> no, like 50% more expensive i've been taking taxis a lot more >> exactly the price has come more in line. you have a ton of taxis in different cities across the world on the uber platform so they've kind of converged uber and lyft are valued more like taxi companies. so there's that question they are facing all of these questions of profitability, but what do the drivers want it always comes back to this there are some that enjoy the flexibility that they currently have and are worry that maybe that will go away if you get better protections and there's a very large, vocal group that say it's time for them to be treated like employees. i have not heard this explained very well either way that you would necessarily lose that flexibility if you become

the guy's building a business, a first-generation american, so i wish him the best, but to deirdre's point, you have to separate the company from the stock, right we like the company, we like the service, but man, the stock -- there's a lot of headwinds, how much are you going to pay for a burger delivery? >> one step further, from a user of uber to a stock owner, it feels like they've been wear ago zombie halloween costume there's so much uncertainly around it. yes, the political landscape, will they classify them as workers or nothing they're rolling out positive ads maybe that's the opportunity to get positives. but their ad revenue in 2020 was $11 million. in 2021, it was $140 million they're forecasting over a trillion in 2024 maybe that -- as --. and then it's like, buy hanes brand -- deirdre, you can see you itching to get back in here. >> you don't have to get into an uber to see those ads. i agree. i think this could be a higher-margin business for them. >> yeah, listen, you get in the car, like at o'hare, jeff, it's can be the best burgers in the suburbs. >> no doubt. >> d-

cnbc contributor deirdre, what are we looking for tonight?well, alphabet is seen as a lot more resilient than its social media peers like meta and snap because it derives most of its digital advertising revenue from search ads, which typically hold up better in an ad spending slowdown it's also a lot more diversified. it's got a cloud business, which is still unprofitable. it's also got its other bets, which actually investors should look closely as this, because these are also money-losing operations that potentially could be scaled back in a softening economic environment that said, brian, youtube. that's the big one to watch, because it is more vulnerable to those slowdown pressures, the way that those adds work that could be one to watch, certainly, for the company >> everybody is just watching mr. beast and 9-year-old's unwrapped toys tim seymore, google. it's been trading more like yahoo! lately. do you see a turn? >> well, it's not been trading like snap, fortunately and i would say it's been more defensive than other players in their

deirdre bolton, abc news, new york. >> happening tomorrow justices are set to take aim at how colleges consider race in admissions. the u.s. supreme court will take up a race conscious admissions policies at harvard and the university of north carolina. the conservative majority court is widely predicted to ban race-based affirmative action. voters in california outlawed any consideration of race in-state college admissions and other government programs in 1996. it only applies to public schools. much more to come, including a celebration only to castro could pull off. we checked out the revival of the halloween party not designed for the entire family. costume contests and story our are part of the celebration. a farmers market in the east bay today gave people the chance to get their goal on putting the boo. >> we have a gorgeous sunset underway this evening and we are tracking it returning this week. (vo) it's a fact! two out of three americans who qualify tracking it returning this week. we will have all for medicare do not receive all the benefits they deserve. you could be missin

>> yeah, i think that's right, d deirdre. >> sorry that was to rishi. >> thanks for having me. the worry that you have when you're a megacap company like microsoft is, you know, even if you start to see signs of weakness, you can't be overly conservative in your judgment and guidance because you risk creating a self-fulfilling prophesy everyone listens to what set ya and amy have to say on the microsoft call and probably the same on google as well so they have to talk about what's happening in real time and not risk that issue. the same thing that mark said for google you say for microsoft. seeing weakness here where people were hiding out saying this is the safe place to be, the most resilient company in software, it bodes really poorly for the rest of software. >> mark, it's jon fortt. the weakness in search, i was wondering yesterday whether we were going to see it it's one thing to see weakness in youtube overall, but search seems like an indicator -- mayb it was the day before yesterday -- an indicator of consumer demand overall. are you looking for things, whether those a

yeah, and deirdre's worked _ democracy depends. yeah, and deirdre's worked for _ democracy depends.her politics. i don't know how she boats. that's the way it should be. —— she votes. you want people like her to commit herself. increasingly, thisjob can be too dangerous, and there she is saying it was bad enough in 2020 and it could be even worse next time in november. it could be even worse next time in november-— it could be even worse next time in november. . . , november. then there are candidates who are dependent _ november. then there are candidates who are dependent on _ november. then there are candidates who are dependent on president - who are dependent on president trump, there are candidates who are running on what is called the big lie. one of them is carrie lake. let's have a listen to part of that interview. it is immensely revealing. if donald trump runs again in 2024, will you work and campaign for him? oh, my goodness, absolutely. do you think he will run again? i do think he will run again, yeah. will he win? he shouldn't have to run again because he won the last

social media angle, steve covac on how apple and microsoft are handling a possible slowdown, dei deirdre bosa on amazon an alphabet and casey newton here to discuss it all. julia, let's start with you. you are going to look at a couple social media giants for us. >> that's right, tyler after snap raised red flags about a dramatically slowing ad market, especially into the end of the year, there are growing concerns about meta's earnings which are coming up wednesday afternoon. that stock is down more than 60% this year. those declines prompting brad kearsener, which held over 2 million shares calling on meta to reduce head count expense by 20%, reduce capex by 5 billion, to limit investment in metaverse reality labs, to no more than 5 billion per year that's about half of what meta is investing right now this comes as bank of america downgrades meta warning that while expectations have already been lowered, more advertiser budget cuts could weigh on sentiment and drive added uncertainty on top of changes to adapt to apple's limits of ad targeting and the company's transition to make mone

. >> good monday morning, i'm carl quintanilla with deirdre bosa and jon fortt. what will the upcoming earnings season signal about the state of the economy? we have a few companies warning about the consumer intel's mobile eye filing to go blik what that means for intel's turn around efforts and the ipo market at large. and then tesla falling despite record deliveries. very busy day and week, jon. >> yeah, it is we're going to start with the market setup for q4. this week we're going to diver into the state of consumer spending, enterprise and cloud command, ad spend and a lot more bob pa is asee is with us rightw fedex, micron nike not looking great with their warnings about the state of the consumer so far, bob. >> normally, jon, we get 70, 80% of companies beating the estimates. the early report so far is a bit of a dud frankly let's sayit's a disappoint start. we've had 15 companies reporting, nine beat, fiver misses, one in line. that's below expectations. fedex, nike, carmax, micron all disappointing. the higher costs are starting to eat into the operating

deirdre, good morning. >> reporter: good morning, will. halloween is back. if you are talking about halloween, it goes back to these pre-pandemic levels, so according to the national retail federation, 69% of consumers planning to celebrate this year, that's up from 65% last year and basically on target with what everybody did in 2019. halloween spending, forecast to reach a record of $10.6 billion this year. that exceeds last year's record. consumers planning to spend about $100 on average for candy, decor, and costumes. so spending on costumes likely to be big as is spending on candy, but part of that is due to increased prices hitting consumers at the grocery stores. one interesting detail, many consumers hitting brick and mortar retailers for some of these purchases and halloween is a specific holiday. as we head to the holiday season, stores are trying to bring holiday deals to bring foot traffic into stores. they continue want to store big, heavy items. if you are looking for a big screen tv or furniture or things that take up physical space, chances a

plus, phil lebeau and deirdre bosa we have climbed here throughout the final hour of trading.has been strong all day now up 350 on the dow. energy about to go positive which means every sector is higher and the s&p is up 1.65%. not bad if you're stringing together a few days of gains seasonality is working in favor and things like the buyback window is starting to open but fundamentally has anything changed? >> i don't think too much has changed in a radical way in terms of corporate fundamentals. i do thinkthat, you know, we basically arguably priced in an awful lot near the lows. i keep saying that we're up 6 days out of the last nine more than 1% in the s&p 500. there was a sense of being underinvested if things weren't go to be getting worse in a hurry. i think the companies, you know, it is obviously a lot of give and take with the earnings reports. but there is not a sense out there it is spilling over the edge that you're seeing estimates for next quarter, next year there is an undertow for sure. you get down 15 times forward earnings in the s&p 500, it isn't like we we

among them, democrat stacey abrams in georgia, and deirdre dejear in iowa.h facing tough odds to become the first black woman elected governor. >> and black women are often called the heart of the democratic party. what do you want to see in their roles in terms of change, in terms of more support when it comes to running for office? >> what i would like for people to consider when they're trying to support communities of color and black women and running for office is that this is not a bet. this is a commitment. >> and while the majority of black women running are democrats there has been an increase in diversity in the republican party too. gop candidate tamika hamilton who is running for congress in sacramento, california, is thinking about all of the people who blazed a trail for her and others. >> i am a candidate for the presidency of the united states. >> you know, our ancestors did not go through what they went through for us to give up. >> what's your message to black women who may be watching this saying i'm inspired but i'm also nervous. >> keep

deirdre bolton has details. visiting the site of saturday's deadly crowd surge, south korean president yoon suk-yeol declared a period of national mourning saying this is truly tragic, a disaster that should not have happened, took place in the heart of seoul last night. people had gathered for an evening of halloween festivities. while not a traditional holiday in south korea, it has become popular in recent years with young adults. this was the city's largest halloween gathering since the pandemic began. as the crowd converged, the scene erupted into chaos. >> i saw in front of me this mass of people running and pushing, moving fast and screaming. panicking. reporter: authorities say 153 people were killed, more than 82 injured, many in serious condition. >> we did not expect anything like this. we were just walking on the street and i was trying to hold my friend who passed away close to me. reporter: more than 800 emergency services rushed to the scene. victims were largely young people, many in their 20's.

here is abc news reported deirdre bolton. >> amazon, target, walmart.e retailers that want your attention and your dollars early. >> october is becoming the official kickoff of the holiday shopping season. >> with inflation at a four decade hyatt, higher food costs and rising gas and heating bills, more americans are worrying about their budgets. >> in a race to beat out the competition by presenting these early and exciting deals so they can get a piece of that pie. >> target steel days started on october 6 with daily deals across all categories. amazon's primary access sale kicks off october 11. walmart is holding a robaxin more event from october 10 to 13th on electronics, home goods, toys, and clothing. macy's, kohl's, and bed, bath & beyond all have similar offerings. more good deals available for a longer stretch of time. items over ordered during the pandemic are now priced to move. athletic wear and leisure wear is heavily discounted. so are bulky items taking up space in warehouses like big screen tv's and furniture. >> retailers are looking to

. >>> good tuesday morning i'm carl quintanilla with deirdre bosa and jon fortt looking at's recent cost cuts across tech plus how the ad slowdown is impacting the sector where does meta's quest end? more on the company's metaverse spending and the next catalyst for that name. talk to one investor adding to his position and finally paypal wants you to use venmo checking out on amazon that story coming up next hour. >>> and alphabet first of three hyperscalers reporting tonight. amazon thursday. one focus how demand for the cloud is holding up and what it says about the broader state of enterprise software spent. an area strongest and most resilient parts of tech this year talking a ton about it yesterday amazon confirms reports breathing higher in parts of aws, cloud division an aws spokesperson says thousands of job openings at other parts of cloud investors baked in deceleration and cloud growth this year guys, will this week's numbers be worse than feared in terms what's expected, guys, nearly 43% growth from microsoft azure 34% growth for google cloud. 32% amazon web services. nuk on

move that merchandise out so they can create more space for the the real holiday stuff to come in deirdre, bolton abc news, new york. still ahead on abc 7 mornings the disney is celebrating hbcu week. we take you to walt disney world for more on the celebrations. and here is a live look at pier 39. oh, they're out there and the people who are probably in town for the blue angels here for fleet week. get to see our beautiful. 39 views there, so we'll have your forecast in just a few minutes. disney's celebrating halloween with a month full of tricks and cheats for the whole family on disney plus hulu and freeform streaming exclusively on disney plus hocus pocus 2, the lung awaited sequel to disney's halloween cult classic plus werewolf finite a chilling special from the marvel cinematic universe, then celebrate 31 nights of halloween on freeform with your favorite scary movies all month long. here's what you can watch today and an evil spirit is haunting hulu with cauldrons of creepy content into the halloween hub if you dare, satisfy your halloween hunger for spectacular programs on disne

deirdre bolton has more. optimists, elon musk's long anticipated humanoid robot. they unveiled at the 2022 ai day. >> this is the first time the robot has operated without a tether. reporter: the five foot eight prototype walking on stage and waving to the audience. even busting a move. it runs with the same hardware makeup as the autopilot system and fully equipped with humanlike qualities. >> it will do everything a human brain does, processing data, making split-second decisions based on multiple sensory inputs and also communications. reporter: he says he hopes optimus will transform civilization, one-day handling tasks thought to be boring, repetitive or dangerous. others who witness the demonstration same the early prototype all flat and not demonstrate anything no. -- new. the release of the long anticipated humanoid robot comes just four months after tesla announced it is cutting 10% of its salaried staff. the company later clarified that the hourly staff is expected to grow, meaning total cutbacks wo

i'm carl quintanilla with jon fortt and deirdre bosa how much farther can things fall talk about it. plus hardware to sales events. big techs betting big on the consumer, but with meta down almost 5% and amazon not far behind behind, is that a good thing and plus regulation fears. pressing roads on road blocks and cathie wood with a new buy we'll get to that. first steve liesman. >> hey, carl expectations recently followed closely for what it says about inflation expectations good news here the one-year inflation expectation is falling sharply to 5.4%. that is down three ticks in lowest reading since september 2021 on the other hand, three year and five-year numbers the fed is actually more interested in. the three year, 2.9% and five-year rising to 2.2, up 0.2. happen to be watched to see if it's a change because fed is following that expectations for home prices declining 2% down 0.1 lowest reading since june 2020. inflation expectations grew for gas, education and rent. and spending expectations falling sharply to 6% growth over the next year down 1.8 and steepest decline seen sin

to deirdre's point, samsung touches so many more things than just pcs not only do they put memory and other chips inside of other smartphones and pcs. they have their own consumer electronics business, a healthy, high-end one to talk about, apple into high-end consumer they sell expensive smartphones as well. they're seeing demand fall let's go back and think about what we're hearing in the apple universe in iphones. today they had the 14 plus launches you could walk in right now and buy an iphone 14 plus. doesn't seem like there are a lot of lines and hoopla around this launch. seems to be a better device for overseas markets, especially in asia but, again, demand seems relatively strong for apple. maybe they're not seeing the extra boost they were hoping for, but they are at least on a unit base census is going to be flat and maybe make up for it on revenue side >> here's what i think is potentially new. mentioned microsoft, i mentioned intel earlier. those two names are main stream, and intel in particular has had its own individual unique struggles. amd has been exceptional in thi

techcheck" starts now >>> happy wednesday welcome to "techcheck" i'm jon fortt with carl quintanilla, deirdre bosa and julia boorstin today stocks are mixed but is there hope for the bull's? netflix is surging as strong subsubscription numbers help there. and what it means for software and a look at one chip industry name bucking the trend as china curbs hit the rest of the sector asml pulls acpast the competitin this morning. >>> netflix is the top gainer on the nasdaq and s&p as shares surge on stronger than expected results and subscriber numbers julia boorstin with us here. >> it's great to be here. >> a lot of enthusiasm from reed hastings yesterday such a market departure from the last few quarters. >> you hear a shift after they lost so many subscribers. >> amazing how quickly they've built and are getting ready to launch the ad model but is it too soon to call victory >> too soon to call victory on the ad model here. they grew in subscriber growth so netflix added more subscribers than expected, 2 2.4 million in q3. and forecasts the addition of 4.5 million 4.5 million subscribers in

. >> good monday morning, welcome to "tech check," i'm carl quintanilla with deirdre bosa, the first week of tech earnings is now the time to get bullish finally? we're going to talk about it plus, developers, developers, developers steve ballmer out with a new bet on direct-to-consumer. we're going to talk with the man himself in a moment. and fox slumps, today's tech movers all hour. >> nasdaq of course seeing a big reboundthis morning as the volatility continues there's only a few names in the red on the nasdaq 100. mike santoli, are there legs to the rally? that's a key question. so far not a ton of enthusiasm for the previous ones. what about today >> we have been conditioned to have skepticism about the quick rallies, the market making the place that with the dramatic gain into the close maybe had some significance. there's some longer term trend average price levels that people have been watching that actually are right in the vicinity of where the market is right now. i'm going to just draw roughly where it is. that's a thousand day moving average. it's kind of 200 weeks it's

record revenues for a september quarter, and don't think we forgot about twitter deirdre is live on the ground as the musk era begins. we're going to discuss all of that in a moment >> we're going to start with amazon, though we had the last of big tech report this week this is a company, of course, you see now with share prices declining. hit on the consumer side and the enterprise side at the midpoint, q4 revenue growth, forecast at 5% year over year. that would be a record low for this current all important holiday season, which has accounted for nearly a third of annual revenue historically. aws growth, that was a major focus. it slowed to 27% growth year over year. the ceo talked about enterprise customers really trying to save money here remember, this is a consumption based business model this is a cost they can cut. on the cost side, this was a huge focus this week investors found that amazon had trouble reining it in. amazon quickly, maybe the first among big tech this year, to rein in those costs saying we need to become more efficient. we overhired in the pandemic, but more w

>> deirdre, thank you. eva? overseas now to brazil where people in the world's fourth largest democracy are voting today in a contentious presidential election that has global implications. abc's matt rivers is in sao paulo where polls have just opened. good morning, matt. >> reporter: good morning, eva. polls just opened a few moments ago. a steady stream of voters going into this poling location behind me to participate in an election where you could argue the viability of brazilian democracy is at stake. many global issues affecting americans also in play here in brazil. this morning, the world's eyes on brazil as its people vote to determine who their next president will be as its two most polarizing politicians vie for that top job. that decision affecting everything from the fight against climate change to the global rise of far-right candidates. on one side incumbent president jair bolsonaro, a conservative, nicknamed, quote, the trump of the tropics. criticism over a botched covid response and a sharp in

that was deirdre bolton reporting experts say wait to buy a fall and winter clothing game consoles witho game bundles. they will also be cheaper closer to the holidays along with most toys laptops smartphones and headphones in our expected and fun reunion from one of the 80s biggest movies two of the stars of back to the future. we're on stage together. we're talking about christopher lloyd and michael j fox the two took to the stage at new york's comic con they chatted about their work together on the 1985 film and the sequels. it turns out fox wasn't even originally cast as marty mcfly. they actually started shooting with a different actor eric stoltz. i guess that didn't work out and michael j fox made history a heads up if you're going to be an eastern contra costa county this week. the county public works department will be removing eucalyptus trees in the town of knightstown, which is along delta road work starts at 8 am it goes through thursday. traffic will be readjusted throughout that work area. there are red and green flags all over north beach this weekend crowds of people w

i want to give a shot to shut out to deirdre, your speech was amazing. thank you very much. it was so great. i want to thank candace for putting themselves out there. all of you in this room are going for democrats we know that but not all of you have put your name on the ballot. when you put your name on the palate, it is not just you but your family, your spouse, your boyfriend, your husband. have to live through this as well so i want to think every person in this room that has ever put their name on the ballot running for office whether you run bank -- you won or lost. the candidates for this year running are on the statewide level, federal level or local level, thank you for doing this. democracy needs you. we need more of you this and i want to thank you for doing that. certainly as i was sitting here listening to the speakers, i want to apologize to you. probably half the room has no idea what i am saying because i am talking in boston talk. i will try and go slow. i should slow down because when i go too fast, people say yes, it is great but what the hell did he say?

next, i will governor kim reynolds and her democratic challenger in the 2022 governor's race, deirdre dejear, participating in a debate posted by the iowa press. two polls before the debate showed reynolds leading with a 17 point advantage. the cook report rated the race solid republican. first time, democrats and republicans have two women the top of the tent good this november. --at the top of the ticket this november. we will question governor kim reynolds and deidre dejear. >> small businesses are the backbone of iowa as communities. banks across iowa are are committed to showing small businesses away to a stronger tomorrow. >> for decades, iowa press has brought you political leaders from across iowa and beyond. this is a special debate featuring candidates for governor here is moderator kate henderson. >> for the next hour, we will explore the views of two women who are running to be governor of iowa. the republican incumbent is kim reynolds. she was elected to a full four year term in 2018. deidre dejear is the democrat in the race. she is a small business owner in des moines.

elon musk wants to bring it into the workplace and eventually your home abc news reporter deirdre bolton more. introducing optimus elon musk's long anticipated humanoid robot. musk and the tesla team unveiling the robot at tesla's 2022 ai day. it's literally the first time the robot has operated without a tether the five foot eight prototype walking on stage and waving to the audience. and even busting a move the bot running with the same hardware makeup as tesla's autopilot system fully equipped with advanced human-like qualities. it's gonna do everything that a human brain does processing vision data making split seskin decisions based on multiple sensory inputs. also communications the tesla and spacex. ceo says he hopes optimists will fundamentally transform civilization one day handling tasks thought to be boring repetitive or downright dangerous, but others who witness the demonstration saying this early prototype falls flat and didn't demonstrate anything new the release of the long anticipated humanoid robot comes just four months after tesla announced its cutting 10% of its sala

before i do that, deirdre, i'd like go back to what you said, very low base. that's the whole point we were starting from a high base before so the shock to the system especially after ten to 12 years of very low rates is quite significant and so that's what i would say there >> okay. in terms of the other stocks zoom zoom and microsoft are going to be the biggest beneficiaries of the first rip and replace cycle in the enterprise communication space, a $1.5 trillion space in revenue per year because we are moving from on, and hardware centric which defines cisco and all of the companies that build out the internet backbone -- excuseme and that started -- that was -- that cycle was in the early '90s and now microsoft and zoom, i would argue, are ibringing enterprise communications into the cloud, software centric and a much better model. we think this is a very bigged where athose who dismissed it a stay at home will be surprised at the acceleration and this is an enterprise communications play same with teledoc. many people say consumer, stay at home. done no

. >> welcome to "techcheck" i'm carl quintanilla with deirdre bosa and jon fortt a series of upgrades and downgrades today we'll parse through those calls and bring you the names the street thinks you might own. a cnbc investigation finds the former ceo of google made investments made ai while chairing a commission. and big tech versus recession, deep dive on alphabet, meta, apple and microsoft. >>> let's dig in, it's a big week ahead of for tech two companies i follow closely, amazon and alphabet, a sense they've been already taking their medicine this year amazon built too much over the pandemic, acknowledged that earlier this year. resulted in many billions in costs to rebuild efficiency. also that giant cloud business key question, will that remain resilience alphabet also a big cloud business, not as big company has stopped short of job cuts but shopped short of hiring they said a few months ago they were focused on becoming 20% more efficient, ad model seen more resilient than meta or snap i like how b of a put it this morning in terms of the broad term teches saying these are t

i'm iowa caucuses with jon fortt, deirdre bosa and julia boorstin final trading day of october nasdaq to break a two-month losing streak. if the dow can stage a turn around and finish up more than three points today, that does make it the best month since june of 1938 in a minute we'll get a check on paramount as well. getting a downgrade over at wells. first news update with bertha coombs >> here's what's happening at this hour. new signs today that the fed may be having some success in slowing the economy as it seeks to fight inflation chicago pmi barometer of midwest manufacturing activity fell to 45.2 for october less than expected and below the 50 mark separates expansion from contraction. fed policymakers meet tomorrow and wednesday and another large interest rate hike is expected. >>> one of today's wall street winners is wnyy resort it was stock is up more than 9% following news that investor taken more than 6% stake in the resort operator. >>> and two entertainment superstars doing big business. taylor swift's new album "midnight" sold 1.58 million copies across various forma

great weekend >>> we are seeing some confusion over what's happening inside dewitter let's go back to deirdrehat do you have >> earlier today reported a team of data engineers were laid off at twitter i spoke to two people inside of headquarters, but we have not been able to verify they are, in fact, twitter employees. back to you. >> thank you >>> up next, a look at the biggest movers on the session. there you are. as stocks get to close power e*trade's easy-to-use tools like dynamic charting and risk-reward analysis help make trading feel effortless and its customizable scans with social sentiment help you find and unlock opportunities in the market with powerful, easy-to-use tools power e*trade makes complex trading easier react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity ♪ ♪ that luxury exemplified.ten, or reverse orders innovation electrified. with apple music seamlessly integrated. the all-new, all-electric eqs suv from mercedes-benz. (snorting) if you struggle with cpap... (groan) (gr

i'm carl with deirdre and jon. we have another day of outsized breadth, though this time to the dow downsize nasdaq falling big another day, off session lows but only a handful, in fact, four stocks in the green on the ndx as of now >>> let's get a news update with seema mody. >> hi, carl. here's what's happening this hour opec plus nations have agreed to cut oil production, q quotas by2 million barrels per day. cnbc is reporting that will translate into actual production cuts of 1 million barrels per day. crude prices are near the highs of the day, building on sharp gains in anticipation of the cuts >>> let's talk housing mortgage apps sinking another 14% in the latest week, pushing them to the lowest level since 1997 soaring interest rates and hurricane ian combine to throttle mortgage demand that's a concern there. >>> growth in the services sector is stronger than expected ism's non-manufacturing index topping estimates in september the report also shows prices paid by businesses for inputs fell to a 20-month l

deirdre, you talked about how you want universal preschool, taxpayer supported preschool for three and four-year-olds. ms. dejear: i want an extended childcare program in this state. some of that could come from federal resources, but my goal is to make sure whether we are maximizing federal resources and/po taxpayerr -- and/or taxpayer dollars, we are injuring every three and four-year-old in the state has at least access to 30 hours of education. reporter: preschool providers will say because of staff-children ratio, that is where you make your money. with infants it is tougher to make the numbers work. if it does work out that way, would you plan to subsidized childcare for families in other ways? -- subsidize childcare for families and otherwise? ms. dejear: absolutely. looking at iowa taxpayer dollars is how we are going to figure this out. not only do children need access to these services, as we are hearing kindergarten teachers telling us, children are coming in less prepared. that is impacting third grade reading scores across the state. this is an opportunity to get parents b

. >>> good tuesday morning welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa and a deal and exclusive, jon in l.a. for that. later a bull/bear debate ahead of netflix tonight big stocks used toing untouchable including amazon showing a couple cracks. de >> carl, another rally up 10% in just two days. salesforce meanwhile, take a look popping on news activist starboard taken a new stake in the company. no word on the value, this chart says it all. shares here have underperformed the broader market tech sector and its peers over the last few years, which starboard uses due a "sub-par mix of growth and profitability. the firm pointing out the company hasn't generated meaningful reserve vance blue line on the bottom you're looking at saying the tarngts that salesforce laid out, guys, good but not good enough. target growth plus margin of 42% versus pure average 50%. compares it to likes of service now, adobe and others. they say they have the opportunity to expand margins greater. has better scale than its peers. actually a great company number one or two in many

musk comes in, your colleague and our friend deirdre bosa has just reported that all of the data engineers at twitter have either left or been laid off. what's left of his bench >> well, look, this is a company that had about 7,500 employees until recently you know, hundreds of them have left the question is whether he's going to really dramatically slim down that employee base from the -- in terms of the executive team we do know that ned siegel, the cfo and the ceo as well as other people in those key senior roles have been fired. now, the question is, how or whether most replaces them remember that musk is also running a bunch of other companies, so there's been some speculation that he might bring someone in to run the day-to-day twitter instead of trying to be the ceo of many companies all at the same time. >> all right always a good story. elon musk, twitter, the whole thing. it's been playing out for a long time we'll see what he does with it and really, the needle-to-thread here, it seems to me, julia, is keeping the place a place where people feel comfortable hanging out. fair poi

. >> welcome to tech check, i'm deirdre bosa with carl quintanilla and jon fortt. today netflix reveals about its ad-supported tier. the streets bullish on the strategy but is a nearly $7 price point cheap enough to stop the turn and nfl sunday ticket is up for grabs. plus, mark zuckerberg says he missed a giant shift in social networking we'll have that story in just a few minutes. first take a look at the broader markets. they are lower this morning. we are seeing more consolidation in tech. we've got another possible deal in the news this morning we actually talked about this yesterday. some of those targets that were ripe, guys, this was a company worth about $9 billion at its peak 5 billion ahead of the news. now we're nearing 6. it feels like companies are becoming more in line, the targets with the acquirers starting to accept that maybe they may not reach those peaks, so selling is a good option. >>> i think with knew tannics, the company is doing pretty well this is one of those software for infrastructure multicloud plays. was just talking to the ceo a mo

i'm jon fortt with deirdre bosa and carl quintanilla today, nasdaq in the green as investors work through reports on two very different companies. tesla and ibm. tesla falling pretty big, down 4%, as sales fall short. the company cuts the full year delivery target. ceo elon musk sounding positive as ever on the long term, saying the company one day could be worth more than apple and saudi aramco combined. yeah but on the flip side, ibm is up 4% solid revenue growth as software grew faster than the business overall. the real standout, ibm's z-16 mainframe, where revenues jumped 88%. yes, mainframes are still profitable, still selling. the stock has been an outperformer this year, benefitting from both the predictability of its stable core customer base and a slowing economy and that lucrative but rare mainframe product cycle carl, what's really the issue that investors need to watch, though, is software. there are a lot more software creation and delivery focus, and that red hat deal, $33 billion, one of the biggest software deals ever, is working for them. the question is, how does all of

i want to give a shot to shut out to deirdre, your speech was amazing. thank you very much.t was so great. i want to thank the candidates for putting themselves out there. all of you in this room are going for democrats we know that but not all of you have put your name on the ballot. when you put your name on the ballot it is not just you but , your family, your spouse, your boyfriend, your husband. they have to live through this as well so i want to think every person in this room that has ever put their name on the ballot running for office whether you won or lost. the candidates for this year running are on the statewide level, federal level or local level, thank you for doing this. democracy needs you. we need more of you this and i want to thank you for doing that. certainly as i was sitting here listening to the speakers, i want to apologize to you. probably half the room has no idea what i am saying because i am talking in boston talk. i will try and go slow. i should slow down because when i go too fast, people say yes, it is great but what the hell did he say? so i

next, i will governor kim reynolds and her democratic challenger in the 2022 governor's race, deirdre dejear, participating in a debate posted by the iowa press. two polls before the debate showed reynolds leading with a 17 point advantage. the cook report rated the race solid republican. first time, democra

. >>> good tuesday morning i'm carl quintanilla with deirdre bosa and jon fortt looking at's recent costplus how the ad slowdown is impacting the sector where does meta's quest end? more on the company's metaverse spending and the next catalyst for that name. talk to one investor adding to his position and finally paypal wants you to use venmo checking out on amazon that story coming up next hour. >>> an

." >> good wednesday morning welcome to "techcheck" i'm carl quintanilla with deirdre bosa and ojon forttposting results. we'll break down the quarters. intel's self-driving unit mobile eye returns to markets this morning, pricing below the 50 billion valuation intel had been hoping for we'll bring you a live