. >>> 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 subscribers in q4. t

social media angle, steve covac on how apple and microsoft are handling a possible slowdown, dei deirdre bosa on amazon an alphabet and casey newton here to discuss it all. julia, let's start with you. you are going to look at a couple social media giants for us. >> that's right, tyler after snap raised red flags about a dramatically slowing ad market, especially into the end of the year, there are growing concerns about meta's earnings which are coming up wednesday afternoon. that stock is down more than 60% this year. those declines prompting brad kearsener, which held over 2 million shares calling on meta to reduce head count expense by 20%, reduce capex by 5 billion, to limit investment in metaverse reality labs, to no more than 5 billion per year that's about half of what meta is investing right now this comes as bank of america downgrades meta warning that while expectations have already been lowered, more advertiser budget cuts could weigh on sentiment and drive added uncertainty on top of changes to adapt to apple's limits of ad targeting and the company's transition to make money on

. >> 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

plus, phil lebeau and deirdre bosa we have climbed here throughout the final hour of trading.has been strong all day now up 350 on the dow. energy about to go positive which means every sector is higher and the s&p is up 1.65%. not bad if you're stringing together a few days of gains seasonality is working in favor and things like the buyback window is starting to open but fundamentally has anything changed? >> i don't think too much has changed in a radical way in terms of corporate fundamentals. i do thinkthat, you know, we basically arguably priced in an awful lot near the lows. i keep saying that we're up 6 days out of the last nine more than 1% in the s&p 500. there was a sense of being underinvested if things weren't go to be getting worse in a hurry. i think the companies, you know, it is obviously a lot of give and take with the earnings reports. but there is not a sense out there it is spilling over the edge that you're seeing estimates for next quarter, next year there is an undertow for sure. you get down 15 times forward earnings in the s&p 500, it isn't like we we

deirdre bosa with the story on alphabet and tim seymore has the trade. contributor deirdre, what are we looking for tonight? >> well, alphabet is seen as a lot more resilient than its social media peers like meta and snap because it derives most of its digital advertising revenue from search ads, which typically hold up better in an ad spending slowdown it's also a lot more diversified. it's got a cloud business, which is still unprofitable. it's also got its other bets, which actually investors should look closely as this, because these are also money-losing operations that potentially could be scaled back in a softening economic environment that said, brian, youtube. that's the big one to watch, because it is more vulnerable to those slowdown pressures, the way that those adds work that could be one to watch, certainly, for the company >> everybody is just watching mr. beast and 9-year-old's unwrapped toys tim seymore, google. it's been trading more like yahoo! lately. do you see a turn? >> well, it's not been trading like snap, fortunately and i would

. >> 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 iowa caucuses with jon fortt, deirdre bosa and julia boorstin final trading day of october nasdaq to break a two-month losing streak. if the dow can stage a turn around and finish up more than three points today, that does make it the best month since june of 1938 in a minute we'll get a check on paramount as well. getting a downgrade over at wells. first news update with bertha coombs >> here's what's happening at this hour. new signs today that the fed may be having some success in slowing the economy as it seeks to fight inflation chicago pmi barometer of midwest manufacturing activity fell to 45.2 for october less than expected and below the 50 mark separates expansion from contraction. fed policymakers meet tomorrow and wednesday and another large interest rate hike is expected. >>> one of today's wall street winners is wnyy resort it was stock is up more than 9% following news that investor taken more than 6% stake in the resort operator. >>> and two entertainment superstars doing big business. taylor swift's new album "midnight" sold 1.58 million copies across various forma

space, shuttered its telehealth division, it's frozen hiring in some of its retail businesses deirdre bosaw with the story on amazon. hi, deirdre? and amazon took all of these steps earlier this year to become more efficient, and thus the street is expecting it to return the profitability this quarter, which would actually be a contrast to what we've seen from big tech so far i mean, they are profitable, but that efficiency piece has been missing for the likes of alphabet and meta. amazon may deliver on this keep in mind, aws growth, we are expecting a deceleration here, a sharper than expected one, that would likely hit the stock after microsoft warned its cloud may slow in the quarter ahead. also, this is the all-important q4 holiday quarter that we are going into so guidance here is going to be extremely important, as a reminder, damazon tells us what to expect in terms of the current quarter's revenue and operating profit >> let's switch to you, courtney, and find out what you think about amazon thanks, deirdre. >> amazon is two stories here. i think we think a lot of them as our ecomm

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

weekend >>> we are seeing some confusion over what's happening inside dewitter let's go back to deirdre bosao you have >> earlier today reported a team of data engineers were laid off at twitter i spoke to two people inside of headquarters, but we have not been able to verify they are, in fact, twitter employees. back to you. >> thank you >>> up next, a look at the biggest movers on the session. there you are. as stocks get to close power e*trade's easy-to-use tools like dynamic charting and risk-reward analysis help make trading feel effortless and its customizable scans with social sentiment help you find and unlock opportunities in the market with powerful, easy-to-use tools power e*trade makes complex trading easier react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity ♪ ♪ that luxury exemplified.ten, or reverse orders innovation electrified. with apple music seamlessly integrated. the all-new, all-electric eqs suv from mercedes-benz. (snorting) if you struggle with cpap... (groan) (growlin

. >>> 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

. >> 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

musk comes in, your colleague and our friend deirdre bosa has just reported that all of the data engineers at twitter have either left or been laid off. what's left of his bench >> well, look, this is a company that had about 7,500 employees until recently you know, hundreds of them have left the question is whether he's going to really dramatically slim down that employee base from the -- in terms of the executive team we do know that ned siegel, the cfo and the ceo as well as other people in those key senior roles have been fired. now, the question is, how or whether most replaces them remember that musk is also running a bunch of other companies, so there's been some speculation that he might bring someone in to run the day-to-day twitter instead of trying to be the ceo of many companies all at the same time. >> all right always a good story. elon musk, twitter, the whole thing. it's been playing out for a long time we'll see what he does with it and really, the needle-to-thread here, it seems to me, julia, is keeping the place a place where people feel comfortable hanging out. fair poi

and it'sslamming shares of ube and lyft right now deirdre bosa joining us now with the latest it's aove that would impact a lot of industries health care, contractors, but uber and lyft, their stocks are getting crushed on it, as well >> it would certainly impact their business models, if it moved forward. now, we should note, though, that those stocks have made back some ground in the session, as investors do figure out how urgent, how real this potential threat may be to those business models now, if it does change the way uber/lyft/door dash classify their workers, the implications are huge however, we have been here before and the companies have over the years worked more closely and more constructively with the department of labor to find a way to balance protections with flexibility now, for now, wall street is swla divided on the impact rbc writes, much ado about largely nothing, says the ruling seems more directly aimed at those other industries like health care, construction, and food services. on the other hand, the proposal adds uncertainty to a sector that is already unde

. >> 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

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

. >>> 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

." >> good wednesday morning welcome to "techcheck" i'm carl quintanilla with deirdre bosa and ojon forttposting 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

. >> 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.

i'm carl quintanilla with jon fortt and deirdre bosa how much farther can things fall talk about it.ts. 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-ye

. >>> good tuesday morning welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosaon 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

. >> good monday morning, welcome to "tech check," i'm carl quintanilla with deirdre bosa, the firsttime 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.

techcheck" starts now >>> happy wednesday welcome to "techcheck" i'm jon fortt with carl quintanilla, deirdre bosatoday 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 an

i'm jon fortt with deirdre bosa and carl quintanilla today, nasdaq in the green as investors work throughibm. 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, ib

. >> welcome to tech check, i'm deirdre bosa with carl quintanilla and jon fortt. 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

. >> good monday morning, i'm carl quintanilla with deirdre bosa and jon fortt.s 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