i'm carl quintanilla with david faber and leslie picker.ound 3320 we'll see if it holds. >> that's right. our road map this hour begins with the race for a vaccine. johnson & johnson the fourth company to enter late stage trials >> nike, we're breaking down the quarter. >>> and what really came out of tesla's battery day yesterday and where does the stock go from here we'll have a bull and a bear next >>> as we said, nike all-time high going back to the ipo in 1980 for more on the quarter we'll turn to our sara eisen who has forgotten more about this company than i'll ever know. >> good morning, carl. nike's comeback from the depths of the pandemic is fast and strong it's a swoosh-shaped recovery as analysts called it in a note this morning highlights of the quarter that drove the better bottom and top lines. digital sales. that was the most impressive number 82%. it was faster than last quarter when the world was locked down and stores were closed it's key because digital is about a third of all of nike's sales. it was a goal they set to r

i'm carl quintanilla with sara eisen and david faber.cord on the s&p currently nasdaq settled back and apple and tesla are down let's get to factory orders with rick >> these are july numbers. final numbers. expecting 6 .1 we end up with 6 .4 on factory orders and 6 .4 is the best number since may when it was 7 7.7. if we look at extransportation, it loses some but holds up okay, up 2.1 durable goods, july final. the difference is we take the advanced mid july read and pull it out that was 11.2. we replace it with 11.4. we improve there and with regard to 11.4, that's the best read. also since may when it was 15.0. and just to remind you, 15.0 is the second best read in this entire series. the best goes back to 2014 when it was up 23 capital goods orders, nondefense exaircraft, that number is up 1.9. that's as expected shipments up 2.4 both those replace the same numbers from the mid month read. the only one i left out was durable goods, ex-transportation. a couple tenths better than ex-transportation expectations 2.4. these are pretty g

i'm carl quintanilla with david faber and leslie picker. 1% gains across the board.elli. >> yes the july read on job opening labor turnover expected to be in the 6 million area good call by economists. 6.618 million. this follows a revision that put last month a bit under 5.9 million to right around 6 million. a decent revision as well. and what's fascinating about this number is it is as maybe a bit better than expected but as pointed out, my guest on friday after the big jobs report, we see the separations, layoffs, openings has been rather brisk, that process is active that's a good thing considering what we're trying to recover from we see that the markets on the fixed income side haven't responded much to this data but i would look for yields potentially in the ten-year to rise back toward 70 basis points especially if the equity markets remain in a mode to recoup yesterday's drop >> rick, thank you our road map begins with market mania. big-name investors weighing in saying what comes next is uncertain. >> then correction coming. why one of our guests says a 15

on the street" coming up next >>> good monday morning, welcome to "squawk on the street" i'm carl quintanilla coming up the best day for stocks on friday in a couple weeks as we remain on stimulus watch. as joe said, busy week ahead with the debate, jobless friday and tiktok news, as well futures indicating a jump at the open at the stocks look for a second straight day in the green. is the september swoon over? >> then is stimulus back on the table? speaker pelosi says there's a chance she and the treasury secretary can still reach a deal >>> later, pause for tiktok why a judge sided with bytedance and blocked the trump administration ban. >>> futures do imply a big open to start this monday morning of course, coming off the first four-week decline of the year. mike, you did some writing over the weekend. largely about the degree to which september is doing the job it's supposed to do. that being the sort of pause that refreshes >> the argument here is that if we came into september with the markets at record highs and everything looking very stretched to the upside and sentiment and the tec

i'm carl quintanilla with david faber and melissa lee. g for a number around 57 a little bit light, carl 56.9 56.9 that follows 58.1, at least up to this point, that's unrevised. we continue to see most of the numbers improving. market improved more so this was a little light, but for all practical purposes from a sequential stand point, it's a step back. >> rick, thank you a road map today starts with -- tesla. dropping once again today. can you believe it tesla dropping again the stock seeing a correction with three-day losses near 17% the company's largest outside shareholder reducing the stake >>> tech overall under pressure. nasdaq seeing the worst drop since july 31st today. >> and tri vago pushing back against the call to work from home >> in terms of employment news for the week, adp, the jobs number tomorrow and today it was claims for color on that, let's get to steve good morning, steve. >> good morning, carl. thanks the number went down 8 81,000. it's a good move in the right direction. there's a lot going on behind the scenes

. ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramernd david faber. final day of september and the third quarter as futures swing into the green, we watched debate reaction, corporate layoffs, positive news on testing and vaccines, palantir and stimulus and that's going to lead our roadmap speaker pelosi set to talk with mnuchin again today and we will hear from the treasury secretary in a few minutes at delivering alpha. >> plus palantir's public debut, backed by peter thiel, it will be a direct listing at the new york stock exchange, lots to discuss there. >> and covid optimism, regeneron saying it's treatment cocktail helps in the early stages of the virus and we will talk with the company's co-founder and chief science officer polarity on this hour jim, of course, you have to get the debate out of the way, everybody is talking about that and we're going to hear the argument that if you look at futures and even some of the prediction markets today, there's an argument that the debate really didn't change the broad contours of the rac

. ♪ >>> good tuesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramernd david faber. stocks are holding their collective breath as we're ahead of the first presidential debate of the season, one of the last chances to change the contours of the race. we are on stimulus watch as the global covid death toll surpasses 1 million. our roadmap begins with dow, s&p coming off their best day in more than two weeks but september still looks to be the first down month since march >> plus stimulus optimism, speaker pelosi and secretary mnuchin set to talk this morning after house democrats roll out a new scaled down pandemic aid bill >> and calling it a propagator of disinformation, why the biden campaign is blasting facebook ahead of tonight's presidential debate jim, david, good to see you guys, welcome back i'm taken aback, jim, by your tweet a moment ago about stimulus and sort of a fatalist i can view of what the restaurant sector is facing in this country. >> i will be candid, we ran out of ppp about three months ago, some of us have just decided to pay lots

wall street "squawk alley" is live ♪ ♪ >>> good wednesday morning welcome to "squawk alley" i'm carl quintanillah jon fortt and deirdre bosa a ton of news. vaccine news stimulus watch and of course, palantir, we are awaiting the opening trade set to begin really at any moment. alex karp, the ceo will join us right here on cnbc immediately following the first trade, jon as we said, it's been a long road a lot of filings. a lot to read about the company, voting structure, privacy, you name it. and the business model at large. >> yeah. and it's another big, big ipo but very different from snow flake, which we saw which has a ton of customers, large and small and kind of this very broad play on data in the cloud. this is a company that's dealing with big data and has just a few really huge customers, carl. >> and that's where we'll start this morning, jon. josh lipton has more on what to expect once the first trade happens. hey, josh. >> carl, a master of creativity. that is how ceo alex karp describes his company, palantir. a data miner, it's software ahows customers to integrate volumes of data in

i'm carl quintanilla with david fab faber.'re bouncing a touch here back to 3351 as the fed hangover continues in the discussion about snowflake. >> that's where our road map is going to begin this morning. stocks sinking just a day after fed chair powell said the u.s. outlook remains highly uncertain. we'll talk about how to position your portfolios amid the volatility >> joe snowflake shares more than doubling. >> and the president is expected to rule on that possible tiktok deal in the next day or so we'll have more reporting on that ongoing saga. >>> the markets on this thursday as the dow is on pace to break a four-day win streak. ron temple is with us along with scott brown. guys, good morning good to have you >> thank you good to be here. >> ron, looks like we got another test in place. what do you think is driving it and is the discussion over whether we were disappointed in the presser yesterday a bit of a straw man here >> i think the messaged fr from fed was congress needs to do its job. if you look at the problem w

street" begins right now ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm carl quintanillaith jim cramer and david faber. futures are solid for a third straight morning as we await a fed at the same time and presser this afternoon big ipo day, snowflake pricing strong, retail sales were a miss and oil is responding to hurricane sally which did make landfall as a cat 2. our roadmap begins with fed watch, news conference later on this afternoon, stocks are set for gains at the open. >> quote, a lost decade for stocks, blackstone's warning for investors about expected economic and corporate headwinds. >> and big tech measures, the ftc eyeing an antitrust suit against facebook and spotify, challenging that announcement from apple yesterday plus, jim, fedex and adobe to kick around from last night. >> wow i mean, these were congratulations gentlemen and ladies calls because the numbers were so unbelievably good, much better than people expected. now, this is rather amazing, carl why? because there were firms that upgraded and pushed and raised numbers for weeks and yet they were

i'm carl quintanilla with david faber.wait powell and mnuchin on the hill in 30 minutes existing home sales, diana olick. >> reporter: they rose 2.4% so adjusted annualized rate of 6 million units even, a slight miss from what the street was expecting but up 10.5% year over year to the highest pace since december of 2006 or just before the great recession. now the only thing standing in the way of existing home sales is tight supply. 1.49 million units for sale at the end of august, down 18.6% year over year to just a three-month supply, as a comparison, the last time the sales pace was this high back in 2006, there were more than twice as many homes for sale, so incredibly tight supply, which pushed the median price of an existing home to another record high $310,600, up 11.4% year over year and what's interesting is the high end of the market is really surging sales of luxury homes priced over $1 million up 44% year over year, realtors say their clients are telling them they believe the work from home will still be in pl

i'm carl quintanilla with david faber. of the hour at least a big hour ahead with an exclusive with speaker pelosi, sta starboard's jeff smith and we will begin with the markets this morning, and for that we'll turn to goldman's chief u.s. equity strategist david kosntin. good to see you. >> good morning, carl, nice to see you. >> it's encouraging reading research from throughout your desks for the past couple of weeks, not just year-end targets but the q3 rebound, employment, consumer spending. i wonder if you can sort of distill the overall message you guys have been sending out for the past month or two. >> well, i believe it's pretty optimistic you want to think about a couple of things. first of all on the economics front look at the super forecasters project from the good judgment. we're looking at something like 70% probability of a vaccine, mass distributed by the end of the first quarter so that's certainly a good backdrop. the economic growth forecast for 2021 by my colleagues here in goldman sachs economics fore

. >> you're very welcome ♪ >>> good tuesday morning, welcome to "squawk on the street" i'm carl quintanillaith david faber and kayla tauchy, cramer has the morning off. welcome to september, historically the worst month for the s&p but 2020 has already given us plenty of surprises futures are mixed as we await pmi and smi data, oils hanging on to 43 roadmap begins with september and stocks can the manger averages add to their 7% plus gains from august? >> then walmart's answer to amazon prime, we will give you a breakdown of what is included an what's not >> and finally, white house chief of staff mark meadows will join us live, we will talk stimulus, covid-19 and the unrest across the nation that's happening toward the top of this hour and you will not want to miss that. carl >> kayla, david, guys, everybody is taking stock of the journey we have had not just in august for stocks, but for the past five months, the dow best five-month gain since 2009, for the s&p the best five months since 1938 and as we said at the top, david, we are heading into historically the worst month not just in ge

at night because i can't forget ♪ >>> welcome to "squawk alley" for a wednesday morning i'm carl quintanillaia boorstin joins us for the hour for which we're appreciative interview with intel ceo bob swan later this hour later exclusive with nfl commissioner roger goodell a lot to get to. >>> we'll start with the s&p and nasdaq notching another record intraday high. got 12k on the comp. former ceo of twitter now general parter in of owen advisers dick costello is with us great to kick off the morning with you. >> great to hear you all i don't see you. julia and i did our first live tv interview together back in 2009 when i joined twitter so to julia. great to hear you. >> that's worth celebrating, dick wow. takes us all back. you've had some -- i always tease you about capital management and you had some great tips in recent months that the mongo dbs of the world and they've worked how long do you think they're going to continue to work? >> yeah. it's a great question. i got to tell you, when i was on in april i was buying i think what other people were selling and said i was buying. i menti

>>> good wednesday morning i'm jon fortt with carl quintanilla and julia boorstin we turn investor attention to what we're calling the new way of working the pandemic has fueled an intensified shift to the cloud, to a.i., to remote work. and as fresh data makes that clear, it's pushing stocks in that space to higher heights we're going to get smarter on that with our guests this hour take snow dflake, that record-breaking debut you heard about all morning, priced at 120 now indicating 19 to 195 the largest software ipo ever. their thesis, a new way to work with data in the cloud those indications as i mentioned way above the ipo price. the ceo joins "squawk alley" right after the first strad. and there's adoe bee ahead of last night's earnings. they reported 15% revenue growth the best q3 in the company's history. stock is taking a breather in the early trade. we'll ask ceo about that in just a few minutes. and don't forget about apple it's mac and ipad lines got a boost from work and learn from home imperative. major tech companies like apple are leaning into the work, learn and kperds from

over here ♪ you don't recognize him ♪ got a voice like sugar >>> good wednesday morning, i'm carl quintanilla"squawk alley" with jon fortt, julia boorstin with us for the hour. trying to reclaim some critical levels here, jon s&p 3400, dow 28k. we'll see what happens later on in the session. >> yes and we are going to begin this hour with what's been a rough few sessions for tech stocks losing over a trillion dollars in value in just the last three days josh lipton is sorting through the carnage and has more josh >> that's right, jon big-tech names suffering big losses take another look here at apple, minhaj, amazon, alphabet, facebook and tesla just to put the plunge into perspective. the last three days essentially wiping out three weeks of gains. at the start of this year, these six companies were worth about $5 trillion. their value then peaked at 8 trillion just last week. now they lost about 1 trillion sounds like a lot, but also keep in mind, the remarkable runs these stocks have had. for example, apple is trading about 15% off its all-time high. still up, though, about 60% so far this

i'm carl quintanilla with jim cramer david faber has the morning off.utures do go green here as jobless claims are roughly in line, stocks trim about a quarter of their losses from the last three days. our roadmap begins with that roller coaster, though, tesla and technology continue to rebound. citi, as andrew said, naming the first woman to lead a mega bank, jane fraser set to replace michael corbat in february and astrazeneca saying it should know before the end of the year if its covid-19 vaccine is effective. jim, i know that citi news popped for you. >> yeah, i candidly mike and donna are friends of mine and friends of my executive producer so i have to reveal that because i say it's not about friends it's about money this is jarring for those of us older than mike who is 60 but he did work there for 38 years, not retiring until february, but how great. when i spoke to him this morning, how great, jane fraser coming in. the glass ceiling in banking maybe a is finally cracking and it's a great legacy for mike a period where net income increased fro

i'm carl quintanilla with david faber. the hour morgan has the morning off stocks are sinking we'll tell you what is behind techs tanking this morning >> the ceo of trip advisor >> and gm, stocks are bucking the sell-off >>> the tech tumble is where we begin. james macdonald is here to talk about theactions in the market along with alicia levine, chief strategist relentless selling pressure here, even though we've come through the long weekend what does that tell you? >> good morning, everybody look, i think in the tech sector in particular, i don't think we're done here but i don't think it portends something more sinister for the rest of the market unless we're down 30% from the high and in particular, if you look at the action last week, the lowest quintile stocks that have underperformed for the entire year outperformed last year and it was the opposite as we know in the tech sector which really were terrible so i think for now, and that could change, for now i don't see anything more sinister i think the crazy gains f

squawk on the street" is next ♪ >>> good friday morning, welcome to "squawk on the street," i'm carl quintanillaith jim cramer and david faber. futures are steady on this friday as the story of the morning is commerce, banning updates to tiktok and wechat beginning sunday or national security concerns. the question is what can happen between now and then our roadmap will begin with the tiktok trade the white house is set to block u.s. down loads of tiktok and wechat on sunday. >> back to the race for a treatment for covid and a cure, at least a vaccine roche unveils a new antibody test and vice president calls on trump to step down >> and tech volatility, the s&p and the nasdaq aiming for a rebound to end what has been a turbulent week for stocks. so we will start with tiktok and wechat, jim, just listening to you and andrew a moment ago doesn't sound like you see a whole lot of material to salvage this in the next 48 hours. >> i think that walmart feels like it's given everything it can, i think that the people in the private equity have given everything, oracle, difficult to tell whether they

. ♪ >>> good friday morning, welcome too "squawk on the street," i'm carl quintanilla with sara eisennd kayla tausche. coming off that biggest drop for stocks since june, futures are mixed as the dow and s&p look to stabilize, we will see about the nasdaq the august jobs number up 1.37 million in line with consensus, that unemployment rate much better than expected down to 8.4 and we will talk to vice president mike pence later on this hour about that data. sara, as we dig into it ourselves with pretty good numbers on government hiring, workweek is up, labor force participation and a lot more. >> a lot of the jobs that have been lost since the pandemic are being recovered. no question it was a much better number than was expected with the headline being 1.4 million jobs added and the unemployment rate going below double digits for the first time since the pandemic adding it all up we now have recovered since april a total of about 10.6 million jobs, which is huge progress, but it also leaves a huge hole we still have 11.5 million fewer jobs than we had in february which was the month

. ♪ >>> good tuesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramerg their collective breath as we're ahead of the first presidential debate of the season, one of the last chances to change the contours of the race. we are on stimulus watch as the global covid death toll surpasses 1 million. our roadmap begins with dow, s&p coming off their best day in more than two weeks but september still looks to be the first down month since

. ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramernd the third quarter as futures swing into the green, we watched debate reaction, corporate layoffs, positive news on testing and vaccines, palantir and stimulus and that's going to lead our roadmap speaker pelosi set to talk wit

. ♪ >>> good tuesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramerfirst four-day loss since february got powell and mnuchin on the hill talking pandemic response, tesla battery day, the uk announces new lockdown restrictions and oil is trying to reclaim 40. our roadmap begins with fed chair powell and treasury secretary mnuchin, what to expect from today's testimony in front of the house financial

. >> you're very welcome ♪ >>> good tuesday morning, welcome to "squawk on the street" i'm carl quintanillarning off. welcome to september, historically the worst month for the s&p but 2020 has already given us plenty of surprises futures are mixed as we await pmi and smi data, oils hanging on to 43 roadmap begins with september and stocks can the manger averages add to their

. ♪ >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanilla with jim crameroul's press run wednesday. jobless claims don't budge by much, just down about 33,000 and snow flake is back below its opening price from yesterday's action watch oil, too, as sally leaves its mark on production

squawk on the street" is next ♪ >>> good friday morning, welcome to "squawk on the street," i'm carl quintanillaas the story of the morning is commerce, banning updates to tiktok and wechat beginning sunday or national security concerns. the question is what can happen between now and then our roadmap will begin with the tiktok trade the white house is set to block u.s. down loads of tiktok an

i'm carl quintanilla with jim cramer david faber has the morning off.s trim about a quarter of their losses from the last three days. our roadmap begins with that roller coaster, though, tesla and technology continue to rebound. citi, as andrew said, naming the first woman to lead a mega bank, jane fraser set to replace michael corbat in february and astr

. ♪ >>> good friday morning, welcome too "squawk on the street," i'm carl quintanilla with sara eisentocks since june, futures are mixed as the dow and s&p look to stabilize, we will see about the nasdaq the august jobs number up 1.37 million in line with consensus, that unemployment rate much better than expected down to 8.4 and we will talk to vice president mike pence later on this hour about that data. sara, as we dig into it ourselves with pretty good numbers on government hiring, workweek is up

on the street" coming up next >>> good monday morning, welcome to "squawk on the street" i'm carl quintanillafriday in a couple weeks as we remain on stimulus watch. as joe said, busy week ahead with the debate, jobless friday and tiktok news, as well futures indicating a jump at the open at the stocks look for a second straight day in the green. is the september swoon over?

. ♪ >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanilla with david faberw 29 k first time since february and while some of the mega cap tech names are down premarket they did get bought on the dip yesterday. we will see if that pattern repeats. jobless claims come in a bit better than expected when oil is below 41 our roadmap begins with that breather on wall street. futures indicate a pause for stocks but is anothe

. ♪ >>> good tuesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramernd china this morning the two-day fomc meeting begins, apple's product launch this afternoon, adobe and fedex tonight, it's a busy tuesday big morning on tap as well we have an exclusive with lowe's marvin ellison in just a few moments and then as joe and jim were just saying speaker pelosi on news of some new efforts, jim, to build a compromise

. >> tap water ♪ >> good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla withr wild overnight in futures as you know, stocks will try to get back some of the worst three day stretch for the s&p since june a lot of news on lululemon, slack, tiffany and of course the vaccine makers our roadmap begins with the tech tumble the nasdaq now in correction territory, but futures do point to a bounce. >> tiffany shares down more than 10% ahead of the bet this has lvmh tries to get out

. ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with david faberoming to you live from separate locations, cramer has the morning off. coming off that strong start to september and the s&p's 21st record high of the year, futures strong again as the street raises tarts on names like peloton, nvidia and tesla, oil steady as signs of demand continue to improve. our roadmap begins with a futures surge, the s&p and nasdaq looking to build on tuesday's record

street" begins right now ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla. futures are solid for a third straight morning as we await a fed at the same time and presser this afternoon big ipo day, snowflake pricing strong, retail sales were a miss and oil is responding to hurricane sally which did make landfall as a cat 2. our roadmap begins with fed watch, news conference later on this afternoon, stocks are set for gains at the open. >> quote, a lost decade for stocks, blackstone's warning for investors about expected economic and corporate headwinds. >> and big tech measures, the ftc eyeing an antitrust suit against facebook and spotify