. >> good morning welcome to "techcheck," i'm carl quintanilla with jon fortt and julia boorstin shares of snap down 40%. dragging down shares in the space, meta, pinterest all lower. and "the washington post" reporting that musk could be planning to slash the workforce by close to 70% but the government reportedly taking a look at musk's investors we'll see what that means for the deal which is expected to close in a week. >> you never know. let's start with snap what it signals about the broader market snap's revenue grew just 6% year over year. net losses surged by 400%, probably because of the cuts they're making in response management saying they are finding our advertising partners across many industries are decreasing marketing budgets that is happening as demand falls and inflation remains high earlier this week, ibm and at&t said they're seeing strong demand, netflix echoed that message but the ad supported model -- next week we'll get an understanding of advertisers from the consumer when we hear from the enterprise side, microsoft, and the luxury consumer side, apple and meta

. >>> 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

." >> good wednesday morning welcome to "techcheck" i'm carl quintanilla with deirdre bosa and ojon fortt. today big tech takes a big hit all lower after posting 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 interview when the stock begins trading. >>> a lot to get to. >> starting with the two bi biggies, microsoft and alphabet down alphabet's third straight revenue miss, something it hasn't done since 2015 eps 15% below expectations the biggest earnings miss in a decade we've also been focussing on pace of hiring across tech the company saying it will cut head count growth by half in q4 that still means nearly 6000 jobs as for microsoft, guidance weighing on the stock there, down 6%. revenue and implied margin coming in soft the ceo adding weaker pc demand continues from september revenue grew 75% in the quarter. guys, here's my takeaway from this you have search advertising through google, cloud computing through microsoft. these have be

"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 subscr

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

. >> 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

. ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with morgan brennanmike santoli. jim and david have the morning off. here comes the giveback after the best two-day s&p rally in more than two years. adp with a slight beat road map begins with the best two days for stocks since april 2020 but futures do point to a pullback at the open >>> plus a vienna cut. opec plus expected to announce deep supply cuts, despite calls and pressure from the u.s. to pump more. >>> and elon musk's aboutface, reviving his $45 billion deal to buy twitter and teasing x, sparking fresh debate about what he plans to do with the service if he eventually owns it >>> the markets on track for a lower open after that big two-day rally. it's good to have santoli back at the desk. four times, we have had back-to-back 2% since 1953 pretty rare. >> i think maybe as much as 5.7% that's the rare part, exactly that magnitude of a gain it has been pretty rare to have that two days in a row, especially to start a quarter, start a month, so people are slicing it it has happened as the market

i'm carl quintanilla the dow making it two days in a row. and the dean of valuation will join us plus, what can amazon tell us about q4 and the overall market and we'll tell you what they're seeing in terms of cloud, contracts, enterprise for retail and more finally, you won't want to miss our exclusive with ark invest cathie wood buying that tesla after that 8.5% drop yesterday, jon? >> we're talking about thi

welcome to "techcheck." >> i'm carl quintanilla.layoffs at intel ahead of what most expect will be a brutal end of the year for technology we will talk about the market reaction next. then another public company taken private. vista equity acquires nobi 4 pc sales not enough to deter this optimism at microsoft their head of devices joins us at the bottom of the hour. >> we did ge

i'm carl quintanilla with morgan brennan and david faber.ut of mega cap tech, at least out of meta and the cyclical industrial names that raised guidance, including honeywell and merck and carrier. we're off the initial highs. dow still holding a 300-point gain. >> we're 30 minutes into the trading session. here are three big movers we're watching we'll start with ford, third quarter loss and supply chain problems and autonomous driving investment those shares are down 3% shares of our parent company, comcast, up big after an earnings beat. revenue falling slightly but it did manage to add broadband subscribers after a flat second quarter. those shares are up 5.5, almost 6% shares of caterpillar are surging, on pace for the best day since march 2020 recording a record profit for q3 sales, saying demand remains healthy and margin expansion is in focus for the fourth quarter. you can see those shares up 8%, carl. >>> meta shares cratering at the open value plunging by more than 65 billion amid falling sales and rising cost. truist cuts the tar

i'm carl quintanilla and morgan brennan and david faber.nd that has the bulls a little powered up as we begin october dow is at 400 and s&p has reclaimed 3600 >> 30 minutes into the trading session. here are three big movers. we'll start with credit suisse under pressure shares are down 2% we'll take a closer look in a few moments. >>> plus, roblox with an underperform rating citing too much uncertainty around the game platform's stock they are down 5% down 60% year-to-date. >>> we'll end with deal news viasat, the satellite operator selling military communications to l3harris for $2 million those shares have been unhalted. up 39% right now l3harris up 2.5% we have more on this deal later in the hour. >>> getting back to the markets, macro with new calls citi cuts the year-end target on the s&p to 4,000 they were at 4,200 predicting a down year for 2023, down to 3,900. citi's chief economic strategist, scott kroner joins us it sounds like earnings growth is going to be one key dynamic here. >> yeah, it's still an area where i think we can d

. ♪ >>> good monday morning, welcome to sq"squawk on the street," i' carl quintanilla with jim cramernd david faber. futures with some solid gains as the pace of earnings accelerates this week. meantime, the bulls get tail wind from lower yields, softer empire, and this market call from morgan stanley. road map begins with the tailwind for the bulls >> plus, bank of america shares are going to be up, at least that appears to be the case. the bank did top quarterly estimates and had better-than-expected bond trading and benefitted from higher interest rates. and fox and news corp. back together again rupert murdoch is trying to put his media companies together once again we'll give you the details, the likelihood, oh, and a lot of back story as well >> let's get to the markets here, poised for a stronger open we'll get to this morgan stanley note, but essentially, mike wilson argues that the rally that began on thursday may have some legs. >> i have to tell you, he's the only person, i would say, in the firm at this moment who can have this kind of impact, because when the other guy is

i'm carl quintanilla with morgan brennan and david faber.this options expiration friday. for the time being, got a nice bounce on the heels of a journal report suggesting fed officials may talk about how to prep the market for a slowdown in hikes. >> we'll see >>> here are three big movers we're watching we'll start with dowcomponent american express, beating on a surge in consumer spending because amex is increasing the reserve for potential defaults shares are down 5% another dow name to watch is verizon. topping earnings estimate but small number of post paid phone adds those shares are down almost 4%. >>> and we will end with whirlpool, giving a weaker than expected outlook this had been in snarls with all the supply chain woes throughout the pandemic now it's the housing downturn starting to take a toll with executives saying they saw, quote, consumer sentiment dropping off massively in june/july. nonetheless, the shares have just turned positive they're now up 1%. >>> snap shares are plunging bernings beat estimate but revenue was slig

i'm carl quintanilla with morgan brennan and david faber.got some fresh data crossing the tape let's get to rick santelli >> yes, september read on leading economic indicators. not pretty down 0.4 of 1% that's a bigger drop than expected on a month-over-month basis. outside of february, every month this year has been negative. that is unreal and history dictates this isn't pointing towards good economic activity down the road. and we also have another important release. our september release of existing home sales. and for that, we head east to diana olick. diana? >> well, rick, existing home sales in september fell 1.5% from august to a seasonally adjusted annualized rate of 4.71 million units. that's slightly better than the street expected but was the eighth straight month of sales declines these numbers are based on clo closings sharply higher mortgage rates are, of course, to blame inventory isn't helping. there were 1.25 million homes for sale at the end of september. that is down just under 1% from a year ago at the current sales pace

i'm carl quintanilla with margaret brennan market trying to add to yesterday's gains. a spill. today has the eco data, m&a, the uk. >> exactly 30 minutes into the trading session, three big movers we're watchingstarted with united health delivering a quarterly beat helped by lower costs for covid testing. health care, another sticky inflation story when it comes to consumers. shares up 3% beyond meat shares slumping. announcing another round of job cuts pointing to reduced demand for plant-based products shares are down 5% nor northrup grumman downgraded to neutral. it's up about 30% year-to-date making buying now less compelling down about 3.5% right now. >>> uk prime minister liz truss holding a news conference last hour losing parts of her tax cut package, firing the chancellor joumanna bercetche joining us from london. >> reporter: the last 24 hours, the sacking of the chancellor kwertenge. the chancellor is staying in her role she says she's going to see through her mission, and a rue newed emphasis on economic stability. a nod to some of the market price action w

i'm carl quintanilla, morgan brennan and david faber. >>> we did lose some key levels, including the low we got on september 30 on the s&p. >> we're 30 minutes into the trading session. here are three big movers we're watch, starting with kla, slighting on a report that the chip tool maker will halt sales and services in china to comply with the sweeping new u.s. export controls. shares are down 2% right now barclays initiating coverage on roblox analysts saying the company's growth may be challenge the going forward as key markets already have high penetration rates. you can see those shares are down 5.5%. finally, american airlines, those shares are taking off. the carrier raising current quarter revenue forecast as well as guidance for a key metric that looks at sales and operating efficiency those shares are up almost 1%. starting to take off >> maybe taxiing we'll begin with the broader markets. the s&p losing a quarter of its value this year alone. the big question on investors minds, of course, is where is the bottom yesterday's cnbc europe julianna tatelbaum sat down with jam

i'm carl quintanilla with morgan brennan and david faber. by better results in other areas men time yields are lower. ten-year cracks below four the vix below 28 >> here are three big movers we're watching on this busy earnings more. microsoft plunging after disappointing results from both names. we'll break down those numbers and news from their other mega cap peers yet to report in a moment alphabet, 7.5% boeing on the move after a surprise quarterly loss. a big charge inits defense in space business revenue also coming in below expectations the aerospace giant did maintain its yearly cash flow forecast. you can see the shares are up 1% we'll have more on that this hour as well finally, harley-davidson pouring higher after higher motorcycle shipments, strong pricing boosted results there. also harley reaffirming the outlook for the full year. you can see those shares are up 7% right now. >> churning back to microsoft and alphabet this morning, microsoft expecting a significant decline in pc sales and weaker-than-expected cloud sales. alpha

i'm carl quintanilla, david faber is in new york city. a lot of news coming out of there.markets have the bulls tryingto string two very big days today. dow is up 530 off the initial highs. s&p got to almost 3775 or so housing data after production. we go to diana olick. >> home builder sentiment dropped to 38. that's not only solidly in negative territory, below 50, but now half of what it was just six months ago and the lowest reading since august of 2012 builders point directly to sharply higher interest rates, which are hitting affordability hard the average on the 30-year was 7.2% yesterday it started this year at 3% the chairman of the nhab said the situation is unhealthy and unsustainable. of the index's three components, current sales conditions fell, sales expectations dropped 11 points to 35, and buyer traffic fell 6 points to 25. on a sentiment fell hardest in the west where home building is generally most active, also in the south. builders noted this will be the first year since 2011 in which housing starts will drop just to note, the reason it's dark, i'm in

. >>> good morning i'm carl quintanilla with david faber and jim cramer apple, amazon and chevron with 10-year dips higher again as core pce jumps .50% we begin with the ongoing tech route. amazon with disappointing guidance apple and intel moves to bell tightening. >>> plus, the musk era begins. tesla ceo in charge of twitter and former cfo and legal counsel all exit the building. >>> big oil profits. exxon and chevron with robust results for the fourth quarter we talk to mike wirth this hour. >>> let's start with tech. apple with the record revenue for september. despite iphone sales shy of consensus. amazon tumbling after missing on third quarter revenue projecting weaker sales for the holiday quarter. jim? >> there is no doubt about it. amazon did not deliver anywhere near where people thought. what i was trying to do last night, david, trying to figure out how to val thue things. amazon web services is doing $80 billion. now look at the new amazon with the market cap which is lower. you say wait a second. i'm getting pretty much the rest of the company for very little money. the a

. >> 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 carl quintanilla the dow making it two days in a row. how should investors think about this bounce and the dean of valuation will join us plus, what can amazon tell us about q4 and the overall market and we'll tell you what they're seeing in terms of cloud, contracts, enterprise for retail and more finally, you won't want to miss our exclusive with ark invest cathie wood buying that tesla after that 8.5% drop yesterday, jon? >> we're talking about this rally that we're seeing this morning. semiconductors outperforming and cloud computing etf on best had its best days since early august meanwhile, faang, amazon, the largest mega-cap winner, but dee, this is a rally of the fisty. affirm and peloton up 12 and affirm and shopify and bitcoin above 20k, up 3% no question that what's leading this is the stuff that investors, over the past couple of months, several weeks have gotten very queasy about >> yeah. those macro themes is what you're pointing to the riskier rally, the unprofitable and the rally of the growth and whatever you want to cal

i'm carl quintanilla with deirdre bossa. 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 liv

street >> much less than 20 >>> good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer and david faber. futures losing a little steam as some decent earnings results clash with a new cycle high in bond yeeields, ten-year, 3.11. our road map begins with corporate earnings netflix crushes expectations united, p&g, also with strong results. >> plus, too soon for a fed pause. bostic says to expect short-term pain kashkari admits they're, quote, not even sure that the problems are getting worse. and jeff bezos delivering an economic warning of his own, saying batten down the hatches >> let's begin, though, with netflix today, adding 2.4 million subs after two straight quarterly declines. reed hastings says he's feeling positive about the road ahead. >> well, thank god we're done with shrinking quarters. that's a big feeling of, we're back to the positivity you know, obviously, this quarter in the guidance for q4, are reasonable, not fantastic, but reasonable and then we got to pick up the momentum everything the company's focused on, whether that's on the con

squawk on the street's" next ♪ >>> good friday morning, welcome to "squawk on the street," i'm carl quintanillaith david faber and jim cramer stocks going to give back what was the best week since june as jobs grow, unemployment, 3.5 tech is taking a beating on amd's guide. road map begins with that september jobs number. we're going to dig into it, talk about what it might mean for the fed. >>> also ahead, chips are under pressure after amd issues a sales warning. it is citing weakness in the pc market >>> plus, we got a trial postponement and a deadline to close the deal at $54.20 i will bring you the latest on the twitter-elon musk saga >>> let's start with futures falling as investors digest the september jobs number. jim, you probably heard on sq squawk, not a whole lot there. year on year wage growth is the lowest since december. >> yeah, but if you're jay powell, you're thinking, okay, when do i have an impact here? and this is not a great report, if you're the fed. yes, they've got them. we know the job openings have come down, but there's nothing in here that makes it so that you -- th

. >>> good thursday morning, i'm carl quintanilla with julia boorstin today, another volatile week for nasdaq and microsoft, google and meta plunging after results this morning. mark zuckerberg bets billions. investors won't if it will continue with amazon and apple julia, talking a bit about the operating expense guide and the silver line something argue with that is that engagement continues to be somewhat robust. >> yeah. i mean, first the good news before we get to the bad and ugly, yes, engagement is robust. mark zuckerberg said he thinks they're making gains with tiktok a big surprise to many and for reels, he says they're making progress there. but the battle recently is not only are they losing a lot of money on the metaverse division but expect to lose more on the reality labs next year they're not backing off. it's time to focus on the fundamentals which is the ad business and spend much less on the metaverse division but mark zuckerberg is sticking to his commitment to invest in metaverse company, talking about making it less reliable on apple. john, i guess you must feel vi

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

. >> 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

i'm carl quintanilla with jon fortt and dierdre bosa nasdaq is down 2% and continuing to fall. why one strategist says it is time to get bullish, as others warn a recession could be ahead. >>> plus, a lot more on musk's big capitulation what that means for the man, twitter, and the banks this hour >>> and, finally, your valuation is wrong that's moffat's take on the stock names this week. we have the analyst behind that call later on in the hour, jon. >>> carl, before we get to the markets and tech's big fall today, not as big as the rise the last few days, let's start with imaelon musk and twitter. musk agreeing to buy twitter for $54.20 a share, days before his trial. he is scheduled to give a deposition tomorrow. this comes after a drawn out legal battle that has been giving the world a glimpse of his texts, particularly over the wee weekend. twitter stock soared 20% to the close yesterday on this news even if a deal goes through, a lot of questions about the business stories still remain. how is elon musk going to make money in this broader ad slow down how is he securing f

." >> i'm carl quintanilla. today thousands of layoffs at intel ahead of what most expect will be a brutal end of the year for technology we will talk about the market reaction next. then another public company taken private. vista equity acquires nobi 4 pc sales not enough to deter this optimism at microsoft their head of devices joins us at the bottom of the hour. >> we did get new inflation data this morning numbers hotter than expected across the board the nasdaq off five straight days of losses it's a little lower than flat now as megacap names continue to see weakness microsoft, meta, amazon down th week intel plans to lay off thousands this month cutting costs as the ceo pursues a turnaround with pc sales weakening and tough competition. earnings are october 27th. for more context, carl, microsoftannounced surface pro nine line today. it's got on chips as an equal option and apple's gaining share in the pc markets with chips that are outperforming intel in mac. so squeezed from the sort of macro perspecti

i'm carl quintanilla in for sara ei eisen.for the best day since november 2020, all sectors green, lower yields definitely helping today, ten-year below 365 check out energy as oil rallies back to 83 and change ahead of that opec plus meeting later in the week

. >>> 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

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'm carl quintanilla in for sara ei eisen. dow as we said on pace for the best day since november 2020, all sectors green, lower yields definitely helping today, ten-year below 365 check out energy as oil rallies back to 83 and change ahead of that opec plus meeting later in the week >>> coming up on today's show, shares of box are skyrocketing after morgan stanley ups the stock to overweight, citing bullishness around return to work we're going to talk to box ceo aaron levie, get his read on enterprise tech spending let's get straight to this strong beginning of the fourth quarter. joining us today david zervos is with us. great to see you we spoke last week it sounded like you had spent some time talking some clients off the ledge. does that get any easier today >> yeah, carl, it does a 3% up move feels a little better, although we had a pretty rough ending to the week it's not all clear by any means. the big story was really financial instability between the bank of england, between the rumors about, you know, credit suisse

. >> 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

second, the volatility index, also known as the vix, didn't spike when the market rolled over carl quintanillanted that out to me this morning that's usually a sign we're dealing with what's called a misdirection play. we always tell you if the vix goes down when the market is down that is the most important tell the best sign that this early morning pullback was a loser, i'll tell you what the best sign was. it was there and i can read it. i can smell it i can taste it the market didn't go lower than where the futures took it. and if you read "confessions of a street addict" it tells you exactly what happens when that occurs it means there will be no follow-through whatsoever and the bears will be hung remember what happens when there's no follow-through. let's say you're a bear. you end up trapped trapped like you're one of those springloaded bear traps with saw teeth. sure, bears can howl or roar, it's all fixed, the whole thing is fixed or the idiot buyers don't know what they're doing, these long buyers, they're clowns calling you clowns, by the way laughing at you! but if they can't brin

. >>> 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

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange.utures are red on this halloween. we close out october today with the dow on track for its best month since the '70s fed meeting, jobs friday eyeing these october records as futures point to a lower open, but dow poised to clinch its best month in decades. >> plus, there are new china covid curbs and they are affecting apple, disney, gaming companies, iphone output from one of the world's biggest factories, in fact, could reportedly slump as much as 30% next month >> and emerson electric, doing a fairly large deal, selling a majority stake to blackstone the overall value of the unit now $14 billion. >> let's start with the markets this morning as we wrap up a strong october for stocks. the dow stack gets a lot of attention, but best october since 1901, barring some disaster today >> i sent a piece out to -- i do a sunday night piece for investment club members, and i said the tech tyranny is over. it's done. no longer will we be hostage to a dozen companies that are outsized in growth,

. >> welcome to "techcheck" i'm carl quintanilla with deirdre bosa and jon fortt a series of upgradesnd 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.

squawk on the street" is next ♪ >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanillaith jim cramer and david faber live at the new york stock exchange futures plummet as september's cpi comes in double expectations, 0.6 on shore shelter, medical care, food, all bringing us a new year on year cycle high yields are up. cpi numbers, jim, we talked about how this would run hot, but shelter up 0.7, medical care up 1, food away from home, 0.9 >> rents have gone up. the people who are selling houses have yet to break price come down. food is a factor of geography, where food comes from. not going to come down wages can't come down until we have more layoffs, and there haven't within there's been remarkably few layoffs. we've got the government pouring gasoline -- we got a huge number of jobs they're creating witness the fact that intel could lose jobs in one place, get a subsidy in the other so, i find it, looking at the two-year and digging, what, haven't people seen the momentum to go to 5, 5.25 so, i'm a little aghast that people are aghast. if they actually look at the n

i'm carl quintanilla we get this dovish surprise hiking rates less than expected, raising the received a road map begins with wall street's rally mode. investors await new commentary from the fed thre

street >> much less than 20 >>> good wednesday morning, welcome to "squawk on the street," i'm carl quintanilladecent earnings results clash with a new cycle high in

. >>> good morning i'm carl quintanilla with david faber and jim cramer apple, amazon and chevron withon with disappointing guidance apple and intel moves to bell tighte

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange.riday eyeing these october records as futures point to a lower

the street" coming up next ♪ >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanilla some gains here as liz truss resigns as prime minister in the uk after just 44 days got some solid corporate earnings but again, rates at new cycle highs, two-year hits for six. our road map begins with the big news out of the uk, liz truss

street" coming up right now ♪ >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanilla ten-year yield, 3.75, four more fed speakers today our road map begins with oil extending gains as higher energy prices could be on the way on the heels of that production cut. but reports signalled renewed drilling in venezuela, perhaps, might be on the horizon. >>> plus, pressing

. ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with morgan brennanhan two years. adp with a slight beat road map begins with the best two days for stocks since april 2020 but futures do point to a pullback at the open >>> plus a vienna cut. opec plus expected to announce deep supply

. ♪ >>> good monday morning, welcome to sq"squawk on the street," i' carl quintanilla with jim cramerthis week. meantime, the bulls get tail wind from lower yields, softer empire, and this market call from morgan stanley. road map begins with the tailwind for the bulls >> plus, bank of america shares are going to be up, at least that appears to be the case. the bank did top quarterly

i'm carl quintanilla with jim cramer and david favor futures solid with another letdown in megacap techbegin with meta. shares tumbling to six-year urge zuckerberg urging patience as he

. ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer come in the hottest since june they do decelerate for the third straight month to 8.5. our road map this morning begins with recession-ish the president saying he expects only a "slight economic dip" and the treasury secretary says market

. ♪ >>> good monday morning, welcome to "squawk on the street," i'm carl quintanilla with jim fcramrer, but will it come with a new outlook for equities c dow and the s&p coming off the biggest monthly loss since march of 2020. >> credit suisse is seeking to calm investors and client fears about it