i'm jon fort with deidre bosa. we have earnings from applied material, palo alto network and jd.com what they signal about the current state of the manor. >>> plus, elizabeth holmes awaits sentencing after being convicted on four counts and then the tech layoffs continue and could continue into 2023 amazon and roku trying to rein in costs as only what elon musk says only hard core employees remain at twitter. >> good morning, jon let's start with amazon. the kmcompany is, quote, making the difficult decision to layoff employees. some layoffs could continue into next year. others receiving buyout offers roku cutting 7% of its staff that impacts about 200 employees. despite the wave of layoffs, jon, we've been talking about them at length morgan stanley has a new note writing these job cuts are not the canary in the coal mine and they reflect the specific issues rather than macro trends they argue, jon, that these john cuts that we're seeing here, especially in silicon valley where i am, won't move the needle in term

deidre, good morning. >> reporter: good morning, janai.he good news about this report, the job market is resilient. the industries that added the most jobs in october, health care, professional and technical services and leisure and hospitality. the less good news, the job market strength likely to keep the fed raising rates and for a longer period of time. higher interest rates makes all borrowing more expensive. mortgages, car loans, business loans, higher rates make cedit card payments more expensive as well. two big tech companies announcing a pause in hiring this week including amazon saying hiring is on hold in its corporate workforce. apple also saying it is halting new hires except for research and development. going forward the question is whether these companies' hiring freezes will be enough to help lower inflation. the fed has clearly stated until inflation is under control, rates are likely to stay elevated. back to you. >> deidre, thank you. >>> we move now to breaking news this morning. north korea launching four new missile

abc's deidre bolton is here with more. deidre, good morning. >> reporter: good morning, eva.lon musk says there's an element of nothing ventured, nothing gained to make great improvements at twitter, but some recent decisions may be proving too drastic. this morning, we're learning more about the internal chaos at twitter after leaked audio of that companywide meeting with ceo elon musk. >> i think we just definitely need to make -- bring in more cash than we spend, or if we don't do that and there's a massive negative cash flow, then bankruptcy is not out of the question. >> reporter: within two weeks of his company takeover, musk moving at breakneck speed firing nearly 50% of the workforce. some say musk is trying to rally the troops, but key execs who were thought to be part of the new twitter are resigning and top advertisers pausing their spending until there's more clarity on twitter's direction. another stumble, the verification function. after a lot of back and forth twitter is pausing the $8 paid check mark after launching it a few days ago. amid all the uncertainty

i'm jon fort, with deidre bossa and carl quintanilla the tech stocks are seeing another day in the red is there hope why some are pointing to sisco and nvidia as travel demand continues to serve the company launches a bunch of new tulles and sonos ceo, patrick spence, listen up. speaking of listening, and hearing from sirius xm, their sales come in better than expect eggs and the shares are heading a bit higher on the news, carl >> we'll kickoff today's feed, jon, with hope for the bulls this morning cisco and nvidia. cisco beats on the top and bottom line and cisco coming in at 84 and 86 cents and nvidia shares is are lower after gross margin came in well short, bulls are pointing to their forecast and revenue short of expectation and higher adjusted gross margin and that would be 1% off the last year's numbers when shares were trading above $300 a share, jon. gaming down 51 you have the inventory charge of 700 million. it is clear that they are waiting for the channel to clear although some of the sell side research argues that might be a 23-story indeed this is my feeling of caution

deidre bolton joins us with more.dre, good morning. >> reporter: no winner, the powerball jackpot now stands at $1.9 billion. the next chance to win, tomorrow, monday, november 7th. now, if you want to play the odds, they're tough, but you have about 1 in a 300 million chance of winning. if you're wondering which states are the luckiest, here they are, indiana, followed by missouri and minnesota. another tip, the most drawn numbers over the last seven years, they are 61, 32, 21, 63 the most common powerball, 24. by the way, if you do win, experts say consider taking annuity payments, not taking the lump sum. most people who take the lump sum, 70% of those who chose that option, they run out of money in five years or less. >> five years or less. i can't believe you can run out of that kind of money. amazing. >> it is amazing. >> thank you so much. and we're giving you the tips, of course. we do have a lot more coming up, our midterm election coverage continues with a look at key ballot initiatives, plus we're on the gr

deidre bosa, thank you. >>> now for an cnbc news update with bertha coombs. >>> nato secretary-generalussia is using winter as a weapon of war against ukraine and that, quote, we must prevent president putin from winning he also expressed his belief that the country will become a member one day, saying nato's door is open >>> virginia congressman donald mceischen died last night. he had struggling with health issues after a cancer battle in recent years the democrat had been serving in the u.s. how the of representatives since 2017 and just re-elected for a fourth term this month. mceachin's seat will be filled by a special election. >>> a boil water order has been lifted in houston with the city saying the water is now safe to consumer and use officials had been urging residents to boil any water for drinking, cooking and bathing after a power outage impacted a water purification plant the situation impacted 2 million people and also closed some schools as well as restaurants yet. carl >> bertha, thanks. >>> after the break with the recent decline in oil prices, will opec plus move to

. >> this is deidre.u are looking at the gig economy, why would you want to invest in uber versus doordash or airbnb which are a lot more straightforward? i know what you are saying in terms of the improvement from uber, but there is so much noise. nearly $9 billion in losses because of the equity investments. airbnb on the other hand is profitable doordash is a little to understand too in terms of the unit economics >> i'd say a couple things there. rate of improvement on profitability is what vins tors want and we think that uber is delivering on that and number two, we like the div diversification of a lot of prod mix. having just one product in a market where there could be more than what we're used to and where you have to be positioned easy comps versus tough comps or rate of change and consumer behavior, we like the product diversification or portfolio strategy that uber has right now to give a little bit better risk management around some of the nuance you might see in changed consumer behavior go

the context of like my own reality and what i know and, and that's when i started to learn about deidrewho kind of got had gotten to this point that i was that. but like 20 years ago and she she decided to actually quit her job she was working for the city and she she had this epiphany which is a great story. and i'll leave it to the readers of the book to read about what happened to her, because it was amazing. but she down on wall street and she was like, i, i need to devote my life to going after the companies that are the, the, the, the descendants of the, the companies that brought people captured in africa over to this country and then earned so much money and, you know, generated the growth of this country. so she did that. she quit her job, went to law school and sued big companies, including big banks, for reparations. and she mostly lost, except for one count, that she had framed in which the companies that she had found had direct links to slavery had not been forthcoming about it in the public eye. and so there could be financial damages because they were basically committin

dee deidre bolton is here. >> elon musk called twitter's remaining engineers to the office and tweeted this picture. you can see the caption. just leaving twitter. there's great concern that there aren't even enough workers left in the company to allow the platform to run smoothly coming such as the world cup. in the past few weeks the billionaire has pushed out most of the previous executive team, cut the company's workforce in half and a few days ago he threw down a hard core ultimatum about working around the clock or leaving. our sources say that many more people quit after that, leaving some teams with zero members, but elon musk ever present on twitter and last night he tweet out a poll, reinstate former president trump yes or no? that has more than 300,000 likes at the moment. it is unclear that musk will put it on twitter that will will make the company profitable with half of the staff members in the meantime. musk bought it late october for $44 million and he's clearly gotten more than he bargained for. >> we'll wait and see how that shakes out. >> danielle breezy with wkrn i

the early days of the pandemic when there were hundreds o millions of people put under lockdown, deidre, which of course led to disastrous consequences for the economy >> eunice, thank you for that. that is our eunice you i beijing, let's bring bac joanna, and talk a bit about that joanna, we mentioned last time we got that phone guidance fro apple, talking about how thi plays out with cupertino, as the channel weighed that the companies registering in satisfaction, with a industrial policy in china >> yes, certainly the timing i not good and i think really again, this is illustrating apples dependence on china. obviously, looking past that looking to india, vietnam. certainly this is bad timing i terms of the pro models, can give back guidance, that wil be for this quarter, les inventory and that it will b either a result directly of th covid lockdown >> and then we did have cook referring to buying tsn chips, these new facilities going up, is there a sense in genera that, whether it's india vietnam, arizona, trying t take baby steps out of china the best they can? >> absolutely, we ha

. >> this is deidre. building up that base is costing you guys quite a bit on sales and marketing. you spent more in one quarter than airbnb has on sales and marketing in three quarters. how are you judging the success and can you take a page from airbnb's book and the way that you market >> yeah, thanks, we all have different advantages and i think that airbnb clearly has a brand advantage in its particular space which is home rental or room rental and, you know, what we have is an advantage we believe in our loyalty program, we talked before that next year we're combining all our loyalty programs in to one loyalty program. we think we have product advantages and we've ath actually gotten leverage in terms of overall spend in buying and retaining customers. so we're doing better than we used to come airbnb has unique brand advantage, but in the world of those who compete in all product lines because we have air, hotel, you know, cruise, everything, not to mention vacation rentals with verbment on, we think we have leverage. and as we build a bigger base of customers and members, t

deidre bolton has hopefully good news. >> reporter: i'm here at stew leonard's. they have groceries, decorations for thanksgiving, christmas trees. if you're going to do grocery shopping today, come early or avoid 1:00 p.m. that's the time nationally it's busiest according to google maps data. tuesday morning, 9:00 a.m., that's the least crowded to go. most groceries have a bakery. if you have a separate local one, monday, 3:00 p.m., your best bet, and if you are starting your holiday gift shopping early, also your best bet 3:00 p.m. on monday. if you want to talk about black friday specifically, usually traffic picks up in stores basically between noon and 4:00 p.m., so long story short, do not go to stores on black friday in the middle of the day, eva. >> if you go, be prepared for the fact there will be a lot of people there. thank you so much. >>> now to that massive snowstorm, more than 6 feet of snow falling in some areas of upstate new york. matt rivers is live in buffalo. after four days of falling snow, the area can finally get some relief. good morning,

i'm jon fort with deidre bosa.aterial, palo alto network and jd.com what they signal about the current state of the manor. >>> plus, elizabeth holmes awaits sentencing after being convicted on four counts and then the tech layoffs continue and could continue into 2023 amazon and

i'm jon fort, with deidre bossa and carl quintanilla the tech stocks are seeing another day in the redsco and nvidia as travel demand continues to serve the company launches a bunch of new tulles and sonos ceo, patrick spence, listen up. speaking of listening,

because i've spoken to election workers, nonpartisan, in georgia, a lovely woman deidre who got a bombion against election workers. they turn up at poles they are being filmed, having the number plate on the cars films. they don't feel safe to go home. it cars films. they don't feel safe to go home.- cars films. they don't feel safe to go home. it is part of what makes _ safe to go home. it is part of what makes the _ safe to go home. it is part of what makes the democratic. what makes the democratic process seem more fragile. larry, thank you forjoining us, we'll be back with you later in the evening. cathcart marianna spring here with us. with all of your phones. judgment we have got marianna spring. judgment we have got marianna s-arin. , judgment we have got marianna sufi“. , judgment we have got marianna s-arin. _, ., spring. tell us about the found sites i have _ spring. tell us about the found sites i have five _ spring. tell us about the found sites i have five and _ spring. tell us about the found sites i have five and one - spring. tell us about the found sites i have five an