pricing there is, and whether these conversations continue to go forward >> we should also note, carl and jonthis isn't the first time that slack has been talked about as an acquisition. it has long been seen as sort of valuable in this collaboration communication space. it has partnerships with some of the work-from-home plays like zoom i think there were rumors earlier this year that perhaps amazon could be interested it certainly is a good enterprise play and i would be surprised, though, if stewart butterfield, the ceo, would be open to an acquisition whenever you talk to him, he just has such big ambitions and you know that they're fighting microsoft overseas, in europe as well, bringing antitrust scrutiny to microsoft over there in the way that it competes with teams. so it will be interesting to hear stewart butterfield's take on this. salesforce shares have come off lows they were down i think as much as 4%. >> all right, guys we'll watch that we'll see if there are any halo effects on any other small to mid-cap growth momentum software plays. a number of which are going to be having

on wall street and "squawk alley" is live >>> good tuesday morning welcome to "squawk alley." i'm carl quintanilla with jon fortt. it's a mixed fwoog day retail earnings, amazon pharmacy, covid-19 restrictions, fed speak. we're going to begin this morning on capitol hill as both mark zuckerberg and jack dorsey testify before senate judiciary on censorship, suppression, and, of course, the 2020 election our julia boorstin is monitoring this and can tell us what happened so far. julia? >> well, carl, senator lindsey graham focusing on what he sees as a need to revise section 230, that's the rule that protects social media platforms for legal liability for content. he says facebook and constituenter wetwitter were making editorial decisions and far more transparent standards are necessary. he called out the mental health risks associated with social media use. on the other side of the aisle, richard bloomenthal, he is calling for breakup of the platforms. mark zuckerberg supports change to section 230 dorsey pointing out they need to walk a fine line >> we are facing something that feels impossible we are req

carl and jon, what is interesting about these two ipos, they were talking about this earlier, i heard leslie say something, benefitting in different ways from the pandemic also the strategy. they went to local smaller markets, particularly doordash going to the suburbs but, carl, you see airbnb, there were not many options to go to hotels or get great lodging in the smaller places that's all people want to do now. the they want to avoid the big cities and go, you know, outside of the major ma trop lists the doordash proved that can be profitable going to the suburbs. something that uber has sort of done the opposite. they've been going into big cities that's what the post mates acquisition is all about getting more market share in the bigger places. it is interesting to see how unvestors respond to that if you see more businesses coming out of tech focusing on the smaller markets. we'll find out more about slack tomorrow night according to faber if we get that news after the bell and the market is trying to figure out what are things worth once you strip out the dynamics of a pandemic

jon, some of those names are recovering today you'll see their hong long listings in u.s. where alibaba and jd.com, they are recovering up to 1% and 2% today, jon. >> and, carli'm wondering what this really means, the idea of china doing an anti-trust crackdown against tech giants. it's interesting because you had u.s. tech giants like facebook, especially, but google saying, too, if you crack down on us these chinese governments are going to have all the power and they're going to be the huge and have all the data. it sort of shifts the narrative somewhat if the chinese giants are getting cracked down on. i wonder how much of this is political and how much of this might be because chinese tech giants have power in and of themselves they keep insisting they're not beholden to the communist party in china maybe there's some truth to that and the powers that be in china are trying to rail them in -- to reel them in to try to balance out their own power. but we'll see, carl, we'll see >> to your point, jon, politics may be playing a big role here cramer's point this morning is you don't want to see large policy moves in china in general and this isn't the only

on wall street and "squawk alley" is live ♪ >>> welcome to "squawk alley." i'm carl quintanilla julia boorstin and jonortt are with us for the hour the dow session alone was down 236. we're slightly off that s&p 500 is off the early lows as well zoom helping to lead the nasdaq 100, john. looking forward to disney and cisco earnings to night. >> that is definitely true, carl the big themes, protect investors today. number one, game on. the play station 5 from sony is shipping and in stores as of today. joining the x box series x this marks the start of the biggest console refresh. really the only major console refresh in seven years it's happening during pandemic lockdown and then you've got china. i mean coming off of a record breaking singles day where the chinese online consumer is flexing. we have to think about that exposed deadline for tiktok to do a deal in the u.s. for those assets i don't know if the president is interested in shutting down tiktok anymore fair to say his attention is elsewhere. >> that's right, jon today was the day when the president said there needed to be a deal done to div

and "squawk alley" is live. ♪ >>> good tuesday morning, welcome to "squawk alley." i'm carl quintanilla with jonortt and julia boorstin with us dow because up 275 this morning. we lost some of that the covid-19 vaccine rotation is continuing with tech down another 2% today and the s&p 500 down 26 points that's where we'll begin this morning. the nasdaq falls investors rotating out of tech to some degree the managing director is going to help us start off the hour. good morning, mark good to see you. the. >> hey, carl, good to see you. >> we know -- i mean, the argument has been made that world changed a little bit yesterday for the better but is the tech reaction -- is there bath water being thrown out too? >> well, yeah. the world did change i'd argue a lot yesterday. and not surprising that we're seeing a rotation in some of the tech names i think for the next little while here, you know, expect the expected we're going to think -- continue to see some rotation away from the work from home names probably bate probably a bit of a short term rotation we're heading into the holiday season we expe

jon grand, he's our nonfiction guru, all the book sellers go to him. so i'm going to take off the screen and give it over to our guests. thank you, jon and carl, both for being with us this evening. >> thank you. >> thanks, robert. well, good evening, and welcome to our discussion of "chicago's great fire." our author is well known on american urban history and particularly chicago history. he's professor of english and american studies and por of history -- professor of history emeritus at northwestern university. it may come as a surprise to many of you that until now there hasn't been a truly definitive history of the chicago fire. why is that? well, i think we're about to find out. so please join me in welcoming dr. carl smith. welcome, carl. >> hi. glad to be here. >> well, let's just of jump into this. it's worth noting that the chicago fire started on this very day, october 8, 1871, 149 years ago. sometime between 8-9 p.m., so keep an eye on the horizon if it turns red if history's repeating itself. but i thought we'd begin by exonerating daisy e and looking at where and how the fire really started. >> well, mrs. o'leary was blamed aga

on wall street and "squawk alley" is live ♪ express yourself ♪ express yourself >> good tuesday morning. welcome to "squawk alley." i'm carl quintanilla with jontt and julia boorstin on this election day markets are continuing the rally we got on monday we're close to session highs right now. dow is up 665. best day since june 5th for the dow and s&p 500. best breadth since april 8th nasdaq and s&p 500 erased their october loss, jon, as we're seeing things like yields go higher as well and the dollar weaken which is another sign that some of the imbedding on emerging markets going out of this election. >> yeah, carl. looking at tech overall and particularly big tech, it's interesting the gap between microsoft and amazon lagging behind apple, that's narrowing a bit. remember, you had apple above $2 trillion in market cap and around $1.5 trillion now that's come down apple is below $2 trillion those two are still around 1.5 alphabet lagging all of those year to date so what is surging today tesla is up 5.5% sales force, cisco, micron, dell, if you look at enterprise space, those are all up around 3% to 4% interestingly, when it comes to e-commer

on wall street and "squawk alley" is live ♪ >>> good monday morning. i'm carl quintanilla with jonortt. the dow puts together the first intraday high in nine months, processing the election, putting closure, perhaps, to that but obviously the big news of the day is out of pfizer and this potential covid-19 vaccine once again, we'll start the hour with meg >> hey, carl this news that pfizer and german partner biontech provided 90% efficacy in the phase three trial providing hope this is the first vaccine we have seen results from the results are limited. they just -- the independent committee took a look at the trial. they found 94 confirmed cases of the covid-19 in the trial and they found a difference in the placebo group and the vaccine group. they also said they saw no serious safety concerns in the trial. they're going to he mass two months of safety followup which for half the people in the trial getting their second shot which will take them into the third week of november that is next week after which time they will file with the fachlt fda use authorization. a lot of questi

on wall street and "squawk alley" is live ♪ >>> good friday morning. welcome to "squawk alley." i'm carl quintanilla jonortt has the day off. stocks trying to have some positive news. the nbc decision desk calls arizona for biden. dow is up 191. we're going to start with disney though and a surge for shares this morning following the strong earnings last night and that enormous pop for disney plus subs. julia boorstin is going to break that down for us hey, julia >> carl, disney plus accrued 73 million subscribers. the company's 120 million paid digital subscribers are a bright spot the company says suspension of the next semiannual dividend is in part to priority the direct to consumer initiatives. >> it's very clear what the new content has subscribers. i think you'll see continued increase in investment and then that will fuel some of the growth that christine will talk about at the investor conference that we expect on december 10th. >> the company says they're reassured by booking trends that cruise ship bookings for next year are very strong pushing to open disney's closed california parks, he cal

and "squawk alley" is live. >>> good thursday morning, i'm carl quintanilla with jon for the ajon fortt. dow not far from session highs plus 647 not far from going positive for the year we're watching covid-19 cases, fed decisions, earnings, election is number one >> it is sure is, carl that's where we'll begin the trump administration filing suit in multiple states to stop vote counting. here's a look at where things stand that hour. in the race to the 270 electoral votes to win the white house, according to nbc, vice president biden has 253, president trump as 214 we continue to await results from five critical states, pennsylvania, north carolina, georgia, nevada, and michigan. president trump holding on to the lead it is continuing to narrow as mail ballots are being counted the pennsylvania secretary of state will have an update next hour in arizona, president trump narrowed the gap but biden is holding on to a 68,000 vote lead we're still awaiting several hundred thousand votes in maricopa county, the most populous and diverse area in the state. a new count there expected to come l

on wall street and "squawk alley" is live ♪ >> good monday morning i'm carl quintanilla with jon forttit is all about moderna as they join fizer pfizer you can see we're just about 20 points shy of the all time high on the dow a lot of news to unpack. >> we got the news from moderna showing the vaccine is more than 94% effective in preventing cases of covid-19. we saw details in the study showing it prevented severe cases of covid-19. so that a very strong result comes, of course, after the pfizer data last week showed that its vaccine was more than 90% effective. the first two out of gate showing incredibly strong efficacy questions do remain including these preventative cases of covid-19 but do the vaccines sprent infection with the virus completely we don't yet know that we also don't know because this is a brand new virus and these are brand new vaccines how long this protection will last. so those are things that are going to come and be answered in the future looking at these data so what happens next well, both of the companies soon are going to file with the fda for emergency u

and "squawk alley" is live. >>> good thursday morning, i'm carl quintanilla with jon for the ajon fortt.us 647 not far from going positive for the year we're watching covid-19 cases, fed decisions, earnings, election is number one >> it is sure is, carl that's where we'll begin

on wall street and "squawk alley" is live ♪ so crazy right now ♪ ♪ history in the making >>> good wednesday morning welcome to "squawk alley." i am jon fortt with carlss 30000 for the first time yesterday and the stocks leading the way, salesforce, apple and microsoft, the top performers in the dow for the year, salesforce, a new recruit to the index apple and microsoft among the biggest blue chip gainers since the dow crossed 20,000 back in 2017 they are also among the biggest players this critical holiday season, deirdre, with cloud, apps and gaming squarely in focus and computing, of course, that's been a big issue, connectivity for productivity, during this covid time >> that's right, jon and we've certainly seen techs that have underperformed in the last few months, but of course some of the big names you outlined, they have brought dow to this important milestone and just to put this in context, from 20 k to 30 k, that's a 50% move in the dow. take a look at the other major indexes. the s&p is u

on wall street and "squawk alley" is live ♪ >> good monday morning i'm carl quintanilla with jon fortt

on wall street and "squawk alley" is live ♪ >>> good friday morning. welcome to "squawk alley." i'm carl quintanilla jonme positive news. the nbc decision