we are resetting here near the bottom of the hour, i'm carl quintanilla with julia boorstin and jon forttlue continues to outperform growth, the head of earning seasons kicking off with the banks. let's get to rahel solomon >> hi, carl. job openings fell more than 650,000 in august. the company is seeking to fill 10.4 million positions >>> and jumping as much as 8%. the stock soared after credit suisse credited to $68 a share fastenal up 4%, amid the highs of the day earnings well ahead of estimates driven by price increases as margins are down from 2019 level. >>> and pharmaceutical giant glaxosmithkline is up 1.5% it's firm on track to sell its health unit by the end of next year $50 billion or more. unit brands include advil and sensadine. >>> and cloud season is upon us, google conference kicking off in less than an hour. and ceo speaks at noon more ahead for microsoft and cloud getting big contracts. the next guest is out with the cloud tracker analysis of the largest cloud conference piper sandler. first of all, the third place hyper skill right now. sort of has a reputation of bein

i'm carl quintanilla with jon fortt and julia boorstin there are three stories in tech, 30 billion gonen snap, stock tumbling 20% then another ecosystem play, google changing its app store model, cutting fees, names like bumble, match and roadblock soaring. third stock at play intel, shares are sinking as sales miss and the company sees a tough road ahead for its turnaround. you will not want to miss pat gelsinger in a first on cnbc interview just a few moments from now we can't wait for it, jon. >> we are looking forward to it. s&p is just about flat we did hit an all-time high this morning, though. september's poor performance firmly in the rearview mirror. all three indices are set for their first three weeks in the green since july nasdaq just fractionally lower, about a little less than half a percent. tech has been under performing ahead of next week's earnings from apple, microsoft, amazon, alphabet, facebook and twitter julia, who is not reporting next week >> well, that's the question is who is not reporting next week, but we heard from snap chat and that's where we start right

i'm carl quintanilla with jon fortt and diedra bow is a who is back after the birth of her baby romandee, great to have you welcome back >> happy to be back. >> downgrade for disney. barclays turns bearish on long-term streaming outlook and netflix gets a boost the other way. >>> two hours away from apple unleashed. new macbook pro perhaps. all that means for apple's long-term investment. >>> exchange for crypto goes public as bitcoin hits 62k dee, welcome back. >> bitcoin has gown places while i've been gone our feed is going to start with streaming. and the streets you call it anxiety on disney. ar clas downgrades thestock today over long-term streaming concerns down nearly 3% slow in growth disney plus the chief catalyst saying it may be tough to keep pace with netflix, which by the way gets its own boost this morning ubs reiterating the buy. bumping the price target up to 720. julia is here to break that down as well. and julia, ubs really points to popular series, new hits as driving that sub growth and you know, netflix still basking the success of squid game and over the weeken

i'm carl quintanilla with jon fortt and diedra bosa. today apple is getting chippy. up pressure on competitors. what it means for the rest of the pc ecosystem >>> bitcoin future's etf debuts. what is the future >> this is not a game. a new report outlines how payment for order flow entices brokers to promote risky retail trading behavior, jon. >> yeah. let's take a bite out of apple just to start announcing new mac book pro designs with their mac chips yesterday's unleashed event. the raw performance and ambition in these chip designs have the industry reeling a bit this morning. 32 core gpu in the mac, 57 billion tran sisters puts pressure on the rest of the ecosystem. perhaps creating some opportunity for them, too. while the new m 1 pro and mac chips are in higher endyma sheens we can expect to see this trickle into more mainstream computer sales in 2022 and 2023, if history is any guide. and, also the next generation of air pods making headlines at $179, that's kind of in between the higher end with noise cancellation now there's a lower end. more pricing tiers s

i'm carl quintanilla with jon fortt and deirdre bosa stocks broadly higher today.ot record highs on the dow and s&p. just a few points now from 4,600. thanks to some strength from apple and amazon today nvidia at the top of the nasdaq. more on that in a moment first a news update with rahel solomon. >> good morning. here is what's happening at this hour consumer confidence rising unexpectedly this month. that's despite rising inflation or consumers are planning to buy homes, cars and major appliances >>> also, the conference board says that nearly half of americans plan to take a vacation in the next six months that's the highest proportion since the pandemic began >>> speaking of new homes, sales surging 14% last month, the fastest pace in six months the sales growth coming despite rising prices. the median price of a new home rose 9.5% over the last year to nearly $409,000. >>> u.p.s. shares soaring. hire shipping rates, the company also raising guidance for full-year operating margins. >>> and shares of lockheed martin now down 11% also trading near they lowest

i'm carl quintanilla, with jim cramer, david faber. more companies raising guidance. q3 gdp, consumer is light, but a new jobless lows the president said to make the sale to house democrats this hour and set to announce the framework of a spending bill later on this morning. >> plus look at shares of ford they're soaring ahead of the opening, shattering expectations >> i know, i say it every day. stanley, black & decker joining us >>> we're going to start with the breaking news on the framework of the president's spending plan. kayla tausche has more >> the white house this morning is announcing a new revised framework for the president's social and climate priorities that it believes will be able to pass both chambers of congress six years of funding for university pre-k a one-year expansion of the tax credit new incentives, and extensions for affordable care act credits. that's just a handful. to pay for some of these things the plan will establish a 15% minimum tax for corporations here in the u.s. and overseas, will introduce a 1% surcharge on tax buybacks, add a

i'm carl quintanilla with jim cramer and david faber we're set to go positive here, banks come in with pretty good results. core ppi runs a bit cool we finally have jobless claims below 300k our first interview is with james gorman, topping q3 expectations plus the president announcing a multiindustry 90-day sprint hoping to alleviate the ongoing supply chain pain ahead of the holiday shopping season. >>> who is mad amodio? he will joan us after his 38-game winning streak came to an end, the second longest in the game's history we'll talk to him about what he'll do with the over million and a half buck. >> is he going to drop that real estate rap >> no, we want some real advice. >>> b of a, citi, wells and morgan stanley we've got to play with today ms with voest banking will make it the best of the bunch. >> i know we're speaking to james, and i think it was a fantastic quarter, but to me it was bank of america. they finally got the leverage i've been looking for, and very flush consumer numb ers>> talkin about the average american with five times more net worth than before 5x network

i'm carl quintanilla here with morgan brenner, and david faber. premarket is trying to navigate some of the landmines from last night, intel, snap chat, our road map begins with intel the chip maker reports weaker than expected sales, blames an industry-wide component shortage. >> plus snap against apple smacked, shares tumbling, blaming apple on the privacy changes which is disrupting its business >>> and pfizer reporting that the vaccine is more than 90% effective in kids. >>> really this couple times down to data center was a miss, and cloud service provider down 20 is the one that's getting attention. in terms of the past quoted, that's true, and also the guidance on how much spending they'll have to ramp up to make the transactions to get through some of the supply stuff it seems like it's given the street a bit of hesitation in terms of when will we see our way cleared to margins that we're used to from intel, and really it's kind of eating up all the free cash flow that was expected in coming year. so it's already a cheap stock. we weren't

on carl quintanilla with david faber live at post nine.s the day off dow gaining 75 points thanks to some banks and drug stocks we are watching energy prices, oil, near 78 f.a.a.n.g. lower on a bus busy busy week. >> here are the three big movers we're watching tesla rising after the company announced it delivered 241,300 vehicles during the third quarter, 73% increase over the same quarter a year ago and a bit better than expected up 3.75% delta airlines reinstating its third quarter revenue forecast after cutting it about a month ago. the company saying it's expecting 2022 domestic bookings to surpass prepandemic levels. up about a third of a percent. 378, stock under pressure after jpmorgan downgraded from neutral to overweight citing a lack of funlds direction for the company. >>> a facebook whistleblower unmasking herself in yesterday's edition of "60 minutes" accusing the platform of, quote, betrayal of democracy julia boorstin has more with facebook shares down sharply julia? >> well, the whistleblower is frances haugen, a data scie

i'm carl quintanilla with jon fortt and diedra bow is a who is back after the birth of her baby roman

i'm carl quintanilla with julia boorstin.nd a must own stock we'll tell you why later this however. and also how to fix facebook our friend has some ideas coming up but we are going to start this morning with the rally and we're tech all of it, mike santoli has more hi, mike >> yeah, carl. big tech stock, driving higher in july and august had the worst decline, sort of got most oversold now participating fully. look at the nasdaq 100 -- well, here we have it since june 30th of this year you kind of have a flat line look at the big bounce we got into the high. it's adhering pretty well to the longer trend line. it bounced off the other day look at the nasdaq against the dow, trading off leadership over the course of this year. it's mostly been an elegant rotation it has turned much more messy recently if you look here, nasdaq 100 in white really had a tough time in the spring the dow is fine. we pointed this out a couple times, dow, a little bit of a global slowdown starting in august the big cap tech and the concerted decline

anybody yet >> top of the hour and quick reset here as we start "techcheck" this morning i'm carl quintanilla with john fortt and julia boorstin technology gets a little bit better and little more intelligence, obviously more data to chew on and efficiencies grow and you have more human stories to tell and we're certainly going to want to hear from shatner himself and then the others but to hear about what this was like >> yeah, we are getting news that all four of the astronauts who are onboard that capsule that just relanded in the west texas desert, that they have given the thumbs up and all doing well after their almost 11-minute journey to the edge of space and to your point, carl, i mean, after the last flight which was a historic flight in and of itself the one that founder jeff bezos was on board for. when i spoke to bezos after that trip he did say, quote/unquote, a tiny step of what blue origin is going to do and what they're really trying to do is build reusable space vehicles and that is the only way to build a road to space so, this is the first commercial business for blue origi

i'm carl quintanilla earning break downs on alphabet, microsoft, twitter crypto crunch. why those shares are awfully close to an all-time low this morning. later on a new name to watch in chips and amds surge in sales. >> we'll start with results from alphabet and microsoft microsoft revenue grew by 22% in the quarter. fastest pace since 2018 with cloud the key driver of that growth that up 31% and the company's personal computing business grew 12%. the stock currently trading at all-time high levels $3.23 in change. strong results out of alphabet with revenue growth 41% year over year and all eyes on the potential impact of apple's privacy changes. the new features had only a, quote, modest impact on youtube. shares of both companies having a strong year. microsoft and alphabet outperforming the s&p since january by a wide margin carl, i heard you talking about this earlier with jim and david. the sheer scale of these numbers. i mean, when you put it in context, google search revenue was $11 billion more this year than last year at the same time. john, it just kind of b

i'm carl quintanilla markets close to session highs 45.93. ing out a pretty strong october for tech dominic chu is looking at what names saw the biggest moves. >> in both directions, carl. some volatility despite that great move that we've seen for many parts of the market we could see the best month since november of last year. something to keep in mind. first of all if you want to look at the broader s&p 500, the sectors that did the best, the more value economically sensitive one likes energy up 11%. the best performing s&p 500 sector and consumer discretionary continues to show strength up 11%. meanwhile the worst performer secting communication services sector due in large part to some of the weakness in the social media type stocks only up one-third. now if you drill down in terms of the winners we saw so far this year. you check out some of the names that we typically talk about like semi conductors nvidia one of the best performing stocks on the s&p and nasdaq composite overall, as well on the solar side of things a hot part of the mar

i'm carl quintanilla with julia boorstin let's get an update with frank >> nonfarm payrolls increased000 well below what economists expected. but unemployment rate fell to the lowest level since february of 2020 just before the pandemic hit the u.s. >>> crude oil tops $80 a barrel in the u.s. today. first time that happened since 2014 opec has been keeping supplies tight, even as global demand increases. >>> 80% of cfos responding to a cnbc survey say they totally support president biden's push for covid mandates for the second straight quarter ranked the covid pandemic as the biggest external risk factor facing their companies much more on that survey later today. >> great stuff, frank. and certainly a threat to everyone, indeed >>> meanwhile, tesla held its annual shareholder meeting in austin, texas, monday. ceo elon musk confirming the company's move to the lone star state as tesla continues to face cost pressure from the global chip shortage. >> our goal really is to make the cars as affordable as possible we are seeing significant cost pressure in our supply chain and so we've h

i'm carl quintanilla with jon fortt and julia boorstin the nasdaq is on pace for the best day since augustst day for the s&p since july then shopify teams up with microsoft and oracle to take on amazon and linkedin shuts down in china then later on, lebron james' business partner mav carter. a lot to get to with mav, jon. >> yeah. we'll start with the chip crunch and supply chain pain. it's not painful for everybody leading to strong results for taiwan semiconductor posting 14% increase in q3 profits and upping sales forecast, expecting growth of 24% this year. warning they do expect capacity to remain very tight through next year. the chips the company manufactures used in all things, iphone 13 and smart phones this week reports surfaced that apple may have cut iphone production but some component suppliers refuting those claims saying they need no cut backs in orders demand remains robust but apple is likely to sound more cautious giving the supply constraint they remain a buy rating with 20% upside to the stock, guys. and this, julia, is exactly what we were talking about couple days ag

"techcheck" starts now ♪ >>> good thursday morning, welcome to "techcheck" i'm carl quintanilla withon fortt and deirdre bosa today a mixed picture for growth stocks megacaps are holding up the market as the nasdaq gets a new record high. are we seeing a valuation reset in tech? >>> we're going to dive into the chip sector. exclusive with intel's on the ambitious turn around plan and global foundries making much anticipated public debut ceo is going to join us in just a few minutes, dee. >> as you just said, carl, we're going to start with the megacaps holding up the rest of tech. mike santoli has a look at that rally. mike, what are you seeing today? >> yeah. dee today a little more inclusive than it has been the average stock has a lot of catchup to do to the very largest once today, apple, amazon, nvidia, tesla are responsible for vast majority of the gains in the nasdaq 100 this shows you the ndx concentrated in the top five names, 40% of the market weight is in five stocks. the equal version, equal weighted version of the same 100 stock index that has lagged badly as you can see

i'm jon fortt talking to julia boorstin and carl quintanilla.f of the stocks are 20% off their high it is now the time to reset in tech >>> then leading the charge lower amid this tech selloff with another social media name caught up in the downturn, a breakdown of the whistleblower's 60 minute secrets next. >>> later, tesla goes the other way. why strong deliveries and a tweet from cathy would have having an impact on that stock up 2%. >>> that tech selloff is where we'll begin this morning facebook, social media names and most of broader tech are down big this morning nasdaq dropping more than 2% today. mike santoli has a lot more on the selloff. mike >> i think it's best viewed as part of this on going kind of painful reset in the market. just the weight of the large cap growth stocks continues to be the main story recently as we have this messy rotation transition when we go down in price in the s&p, you also go back in time. one element of that reset, we're trading at levels in the s&p we first reached in late june so you got three months w

i'm carl quintanilla earning break downs on alphabet, microsoft, twitter crypto crunch.ow this morning. later on a new name to watch in chips and

i'm carl quintanilla here with david faber and jim cramer the futures turn -- ten-year near 159, fed funds future close to pricing in a first rate hike as soon as september b ofa, blackrock, delta all beat, but investors closely watching forecasts >> moody's warning of black clouds ahead, and the white house brokering a deal to keep ports open. >>> and william shatner to become the older person to fly into space as blue origin is set to lift off in the next hour >>> pretty niece beat, average loans of six, that's a interesting -- >> i'm sick of the following obviously m & a look strong, credit cards are strong, then you start hearing things suddenly everyone is looking at credit cards are weakening can people just understand -- david, you know this better than anyone -- this stock has a his tire of opening up, going down and we are part of that history once again. >> there are people who keep these statistics, but i can't remember a quarterly report from jpmorgan where the stock moved higher in a significant way, maybe by pennies, but this is rarely a positive response to their numbe

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange. we have some follow-through this morning after the biggest s&p gain in seven months bank earnings and press got a blowout, showing a surprise gain yields on the two-year hitting a fresh pandemic high. our road map begins with rally mode retail sales are priced to the up side. goldman sachs shares are rallying ahead of the open they crushed earnings estimates as investment banking revenue, well, we'll get to it, it was up a lot. >> getting a boost, shares are moving higher. to david's point goldman revenue up 88, it's going to make morgan stanley's stellar number look soft. >> they thought in the first three quarters better than any year that goldman has had in the history of the firm. we're talking about -- they beat top line, 16%, bottom line 48% i'm calling this a drop the mic quarter for steve scherr, who is retired. >> longtime cfo. >> he's like cher. >> no offense to him, most don't know who he is >> he doesn't care frankly, when you speak to him, he makes the point that i'm an i

i'm carl quintanilla here with jim cramer and david faber america announces a treatment for covid.ur road map begins with squawk, futures point to the rally to kick off a new quarter. >> in what could be a breakthrough for treating covid, merck shares are soaring, and ridgeback's cofounders will join us live in a few minutes. >>> zoom and five9 scrapping the merger amid scrutiny. >>> beyond seeing jim on the air, on the daily shows, of course here, "mad money", and investors will get even more very soon with the new cnbc investing club you will send daily e-mails to detail your thoughts on the markets, you'll host periodic event, share more in video form, and a deeper insight to jim's charitable trust he candid reflectreflections. >> we'll by sending e-mails and videos of course, we have 34 stocks, really a recommended list. i'll tell you when i screw up. here's what i did wrong. when you do something right, who cares? when you do something wrong, can you learn from it. i'm being a teacher. i always wanted to be a teacher. i was going to retire to teach a class. it turns out i have

techcheck" starts now ♪ >>> good tuesday morning welcome to "techcheck" i'm deirdre bosa with carl quintanillaing. today facebook's new north star after mixed results will shift toward young adults be the right direction? we'll discuss. >> tesla heads to the moon

i'm carl quintanilla with jon fortt and diedra bosa. today apple is getting chippy.ecosystem >>> bitcoin future's etf debuts. what is the future >> this is not a game. a new report outlines how payment for order flow entices brokers to promote risky retail

make sure you join us tomorrow "squawk on the street" is next >>> good wednesday morning i'm carl quintanilla, with jim cramer david faber is at the active/packetive investor summit in new york city the premarket is red, but off the lows putin says russia is ready to help stabilize the market for nat gas. that leads us into our discussion, really the morning sessions are being driven by global concerns. >> i leave here, i don't know, at 6:30, futures are fine. nat gas goes up. it continues to restrain and withhold nat gas from western europe we trade off that? we have the most abundant natural gas in the world than maybe kuwait we're trading off their natural gas? honestly sometimes you have to say the market can be stupid. >> remember, they refuse to criticize the russians by the way, where is president biden talking about releasing from the reserve. he should do that right now. look t natural gas, we can only export 10 billion cubic feet we produce 90 billion. we are flooding the world. the natural gas price in canada is $3. this is a manufactured problem, by our inability to transport. we

. ♪ ♪ >>> good tuesday morning welcome to our big hour of "tech check" i'm carl quintanilla with jonnternet's third rail jason calacanis joins us with whether facebook is investable here >>> plus, what's the opportunity in tech, wearabl

i'm carl quintanilla with morgan brennan and david faber live at post nine. to be moved off of the market's plate for now dow up almost 500 points and 4420 is the best level for the s&p in more than a week. >> we are 30 minutes into the trading session so here are three of the big movers that we are watching specifically this morning. we're going to start with levi, shares rising after beating earnings estimates with denim styles driving that growth the company raising its outlook and the shares are up 7.5% we're going to stay with the retail news as well and watching shares of affirm following yesterday's 20% jump after announcing a partnership with target, up more than 100% over the last three months. we'll end with rocket lab surging after winning another government contract, this from nasa to launch an experimental technology to space for a demonstration, the advanced composite solar sales system, think using the pressure of sunlight for propulsion on the heels of a space force award last week for rocket lab to develop the next gen rocket. shares up almos

make sure you join us tomorrow "squawk on the street" is next >>> good wednesday morning i'm carl quintanilla city the premarket is red, but off the lows putin says russia is ready to help stabilize the market for nat gas.

i'm carl quintanilla here with david faber and jim cramer the futures turn -- ten-year near 159, fedtember b ofa, blackrock, delta all beat, bu

i'm carl quintanilla with jim cramer and david faber we're set to go positive here, banks come in withfirst interview is with james gorman, topping q3 expectations plus the president announcing a multiindustry 90-day sprint hoping to alleviate the ongoing supply chain pain ahead of the holiday shopping season. >>> who is mad

i'm carl quintanilla here with morgan brenner, and david faber.p maker reports weaker than expected sales, blames an industry-wide component

get your prescriptions hand delivered for free at capsule.com >>> good tuesday morning i'm carl quintanillak exchange. futures are off the early morning lows as we get encouraging commentary on supply chain production results as well as decent guidance on q-3 from american, signet all ahead of tomorrow southwest cancellation the airline denying that a vaccine mandate backlash is behind the trouble and we'll check in with gary kelly as well. >>> and texas bans vaccine mandates on all entities how willbusinesses respond and what does that mean for the return to the office trend >>> watching the vaccines, the development of its most advanced covid-19 vaccine candidate and moderna now says that data does support a booster. we're going to start, though, with the cancellations at southwest. you've got a long list of questions you want answered just about labor relations with the carrier. >> a lot of things have not been answered yet and i do put out what i'm looking at. you can get it if you're a member of the investor club. i'm not satisfied with anything i've heard they're saying it's schedulin

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange.showing a surprise gain yields on the two-year hitting a fresh pandemic high. our road map begins with rally mode

i'm carl quintanilla, with jim cramer, david faber. more companies raising guidance.e the framework of a spending bill later on this morning. >> plus look

i'm carl quintanilla here with jim cramer and david faber america announces a treatment for covid. to kick off a new quarter. >> in what could be a breakthrough for