dominic chu takes a look. >> reporter: the investing world today is a lot different than it was back in 1987. >> the dow off more than 500 points. paper losses more than $500 billion. >> reporter: but that hasn't dampened the debate over whether another market crash like black monday could happen again. >> with respect to the massive drop seen on black monday, it is obviously of a very low likelihood. but we would never say tha i couldn't happen in today's markets. in fact there are a lot of factors in place that, if anything, make it potentially more likely than it wo back the. >> reporter: among the factors that could make a big market crash more likely, the rise in electronic computer-based trading that has accelerated the pace of market action, as well as that move towards index investing and exchange traded funds or etfs. if everyone is in the same investments, what happens if everyone but there are also a lot of reasons why we won't see a big market crash anytime soon. >> the first is that there's still massive liquidity in the system. even though the fed looks to be potentiall

i'm dominic chu alongside sara eisen. it's time for our top trending stories of the morning selena getting a posthumous award. she is receiving her star on the hollywood walk of fame the star will be officially awarded on november 3rd, a day that the l.a. mayor is now calling selena day in the city of los angeles of course a big movie telling that story of selena one of the biggest -- >> i was surprised she already doesn't have a star. >> right >> tencent's newest game wants you to clap for cli these president xi jinping the game asks users to applaud his communist party address, and measures who can clap the fastest. the game has been played more than 4$400 million times president trump would love this. some users say they clapped more than 1500 times during the game. >> that might be fake news >> it sounds communist it sounds state controlled to me overall, i guess they play a clip of his communist party address, you have to hit a button or do what ever seems funny to me. >>> aryianna huffington is teaming up with samsu

i'm dominic chu. health care standout is the best performing sector in the s&p united health group adding the biggest boost so far and the dow as it approaches that 23,000 mark for that index. the stock is hitting an all-time high on earnings and strong guidance other leaders are aetna, as well that does it for "squawk on the street." let's send it downtown to the new york stock exchange for the start of "squawk alley." guys, back over to you >> thanks for that good morning, it is 8:00 a.m. at netflix headquarters in los gatos, gacalifornia, 11:00 a.m.o wall street. welcome to "squawk alley." ♪ ♪ >>> good tuesday morning welcome to "squawk alley." i'm carl quintanilla with john fortt, mike santoli here at post 9 of the new york stock exchange joining us this morning, paul holland. good to have you back. let's talk some netflix this morning. off the highs today, but the streaming giant hits another record high today, adding 5.3 million subs in q3, promises an $8 billion bet on original content next yea

i'm dominic chu. time for the must reads. stories in the op eds catching our attention.todd, misplaced priorities behind pence's performance at the colts game he's writing, quote, so like a terrell owens celebration, pence's walkout was core rio graphed and rehearsed. it was also a distraction from what should be the administration's view. the nuclear standoff with north korea still simmers yet mike pence took time to travel at taxpayer expense at indy solely to score a win for president trump. come on, get your priorities straight it is on the front page now of the wall street journal. this message that's getting out there. tim swarens who is the op ed editor says people should always stand for the national anthem, but this is really becoming a little bit more of a political stump than anything else the taxpayer issue, the cost of doing so is a little bit more than -- >> especially when there are so many other things happening around the world, other legislative priorities surprising that he took this level of effort to go out there for that. >>> my pick is in the finan

dominic chu has our story tonight. >> bellwether is defined as one that takes the lead or initiativelso an indicator of trends. now, trends in the stock market change over time, and so do the bellwethers of the market. in today's environment, it's easy to see apple as a market bellwether. that's what jones trading chief market strategis michael roark says, not only is it the biggest company out there, it's also a blend of technology and retail, which means it could be used as an indicator of a consumer. it's why northern trust chief investment strategist says he would pick walmart. the u.s. is a consumer-led economy and walmart is a good indicator of consumers s speaking of economic activity wonderlic securities set the bellwether is fedex, it's hard to high economic activity from transportation companies so it acts as a good indicator. when it comes to conglomerate, look for nur, huntington private bank chief investment officer john augustine thinking it has a set of businesses that are basically a smaller sample of the american economy, with from insurance to retear, now everyone h

from retail investors for buying and selling individual stocks, for "nightly business repor" i'm dominic chu. >> sales take off with the snack maker, and that's where we begin the market focus. the maker of or i don'ts said cost cuts and stronger demand helped top expectation. and the international markets were a particular sweet spot. they took off in the extended-hour session, but figured the regular day do you think more than 3%. after the bell, texas roadhouse helped overall revenue beat street estimates, earnings were in line with expectations, and the company said it's well positioned for continued growth. shares were initially lower in after hour. they also closed down 1.5% during the regular session for $50.41. >>> alison transmission, a provider of fully automatic transmissions saw sales grow at a faster clip than the company and analysts were expecting. allison said a rise in demand in north america topped its own guidance. profits were also better than expected, still shares fell about 1.5%. >>> the potential merger between sprint and t mobile has reportedly hit a nab. cnbc says t

i'm dominic chu. we saw the vix close to historic lows on thursday that means so far the vix has closed below the 10 level for 29 days if you include today, it's traded below the 10 level on an intra-day record for 53 readings this year. but there is a sense that folks are betting on higher volatility in the coming weeks. according to the data from the cboe, open interest for call options is for calls than puts put options 10% below the market 228 levels were trading around 98 cents it costs a lot more on a relative basis to protect more than a 10% drop than to protect against a rise in the s&p. michelle, to be fair, downside protection costs more than upside protection. still, some traders may be looking at buying relatively cheaper insurance. >> thanks, dom, good run down. if you can you tell if options are expensive or cheap how can you buy protection mike is at the plasma with the call to action >> really there's two types of volatility that you want to concern yourself with if you're trying to es

i'm sara eisen >> i'm dominic chu sitting in for wilfred frost. lot of news to talk about today. >> another record high for stocks >> another day, another record high >> let's check in on the global markets. futures action for you, on this jobs day, as for futures we're seeing a mixed picture dow futures up 10 points s&p down 1 nasdaq futures are up 3. as for the ten-year treasury note yield, hovering around this 2.30 level on the ten-year we have moved higher, 2.37 there's been a series of good economic data thinking services, which is a broad swath of the u.s. economy the manufacturing number recently was the highest in years. all of that has driven money out of bonds and pushed yields higher >> we will talk about that in the context of the jobs report let's talk about the asian market the market in mainland china was closed today you can see the other major bourses out there, japan's nikkei up by a third of a percent. the hang seng in hong kong, up by the same amount the kospi up bay full percent. as for what's happening in europe, we saw actio

get to dominic chu. >> gains ahead of ecb policy meeting where stimulus pictures will be in focus presidentio draghi expected to outline the plan for bond buying program some analysts think ecb will scale back its net purchases by half to 30 billion euros a month and possibly lengthy extension of the program draghi faces challenges in europe including inflation below ecbs meeting ahead of the meeting, ten-year yield. you can see 48 basis points or so moving onto the euro up 12% to the dollar those euro trade $1.18 a little euro strength british pound getting a lift gdp numbers rising better than expected .4% third quarter that news strengthens expectation bank of england might raise rates as soon as next month. we'll finish with a couple of stock stories. first of all french luxury group up sharply better than expected third quarter sales helped along by strong demand for gucci brand. also lufthansa higher after beating estimates there despite lower third quarter profits and costs shares of that german carrier have more than doubled, guys, so far this year back over to you, carl. >> thank y

>>> welcome back to "squawk on the street," i'm dominic chu discretionary stocks leaned higher for the s&p 500 general motors giving that sector the biggest boost so far today. also check out yum brands, best buy, under armour, as well that does it for this hour of "squawk on the street. let's send it down to "squawk alley. back over to you >> thanks, dom good morning, it is 8:00 a.m. at netflix headquarters in los gatos, california, 11:00 a.m. on wall street, and "squawk alley" is live. ♪ happy friday and welcome to "squawk alley" here at post nine sara eisen and andrew ross sor again. >> the u.s. economy losing 33,000 jobs in september, with hurricanes having a major impact on hiring, while employment, unemployment rate, did see a slight drop, all as stocks continue to hit historic highs with the s&p 500 looking for its ninth straight positive session. it's in the red right now, but let's see what happens throughout the course of the day. for more, diane schawn, and ryan levet, senior investment strategist welcome to both of you diane, the market may be the bigger story here coming o

i'm dominic chu. tech having a breakout, leading all sectors. on pace for its best, chip makers a big part of the story check out what's happening with all of these guys, 17-year high going back to the tech bubble. that does it for this hour of "squawk on the street. let's send it back downtown for the start of "squawk alley." guys, back over to you >> dom, thank you very much. good morning it is 8:00 a.m. at qualcomm headquarters in san diego, 11:00 a.m. on wall street. "squawk alley" is live ♪ ♪ >> good tuesday morning, welcome to "squawk alley." i'm carl quintanilla with john fortt, sara eisen, who's back at post 9 at the new york stock exchange tech sector looking scary good right now. on pace for its best month since july 2016. up more than 7%. this is awaiting earnings from tech giants apple and facebook later this week. both of those stocks hitting all-time highs today for more we're joined by bob peck, head of internet investment banking good to have you here. this seems to be an earnings cycle where the focus is on top line growth. peop

>>> welcome back to "squawk on the street," i'm dominic chu a rise in energy stocks lifting the markets higher, trying to, at least all among the biggest gainers, this as oil jumps on mideast tensions despite the energy gains, sector is still negative for the month. that does it for this hour for "squawk on the street. let's send it downtown for the start of "squawk alley." back to you. >> good morning, it is 8:00 a.m. at amazon headquarters in seattle, 11:00 a.m. on wall street, and "squawk alley" is live ♪ ♪ >>> we are going to talk to kevin hassett in just a few moments. top story today, political pressure mounting on big tech yet again. two democratic senators expected to unveil a bill this week which would require companies to disclose more information about political ads they run online. ad says company reps prepare to testify before congress in a couple of weeks. joining us this morning, aneesh chopra, who served as the chief technology officer during the obama administration he's in washington, d.c., today. good to have you back, good morning. >> thanks for having me. >> you hav

>>> welcome back to "squawk on the street," i'm dominic chu markets are higher with materials standing out as the best performing sector leaders include air products, dowdupont. so far this week, stocks are higher, despite a record close on tuesday now that's it for this hour of "squawk on the street. let's send it back downtown for the start of "squawk alley." back over to you guys. >> dom, thank you very much. good morning, it's 11:00 a.m. on wall street and "squawk alley" is live. ♪ ♪morning, welcome to "squawk alley." i'm carl quintanilla with michelle caruso-cabrera, john fortt. sara eisen has the morning off we have a vote in the house on the budget elon >> hi guys, the house has passed the final version of the 2018 budget, clearing the way for tax reform to be completed without any help from democrats. now, we're told that they have reached that 215 marker that they needed in order to get this passed there were at least 19 republicans that voted against this doesn't appear that any democrats supported this minority leader nancy pelosi even called this budget immoral and a raw de

thank you. ( ♪ ) >>> let's go to cnbc's dominic chu.going to see more record stock market highs. the senate passing that $4 trillion budget measure means we're a step closer to maybe seeing tax reform done by a simple majority in the senate. if it does happen and the house can't agree on this thing, it does pave the way for a tax bill potentially and traders are optimistic about that. they're also optimistic about a political report that president trump is leaning towards picking current fed governor jay powell to be the first chairman of the fed. that's viewed by many on wall street as being less of a shock to the markets since he could look to maintain some sense of stability and continuity with current fed policies. we're also, of course, keeping an eye on lyft. the google parent company is leading a group of investors looking to raise $1 billion to put into lyft. the investment makes lyft worth $11 billion. that's big, but nowhere near the $70 billion that uber is worth right now. what makes things more complicated is that alphabet

. >>> time for business before the bell with dominic chu. steve mnuchin has a new warning.tary mnuchin said one of the reasons we have at or regard near highs -- according to the secretary, we'll see a reversal of a significant amount of these gains, in other words, the markets will fall if we don't get tax reform. the comments resonating a little more with wall street today because they come right around the 30th anniversary of black monday, the market crash in 1987, the dow dropped 20% in a single day. secretary mnuchin getting a lot of headlines. one of the stocks on the radar is cred rt card company american express, reporting slightly better-than-expected earnings after yesterday's close. separately it said current chairman and ceo ken shchenault will be replaced by the current am ex-veteran. he's running am ex-since 2001, been with the company 37 years and one of the first african-americans to run an s&p 500 company. big deal there. cities across america are jockeying for position today to get into business with amazon.com in a big way. bids are due today for who is g

i'm dominic chu real estate and consumer staples leading so far.ther leaders include walgreens, all up by around a percent. staples up five percent. that does it for this hour. let's send it to the start of "squawk alley." back over to you. >> good morning. it is 8:00 a.m. at amazon headquarters in seattle. 11:00 here on wall street and "squawk alley" is live. ♪ ♪ >>

that is the news update this hour dominic chu has a news alert >> so what we're looking at is cnbc obtaining a memorandum from nfl commissioner roger goodell to team presidents in the nfl, in at the talks about a number of things with regard to the national anthem protests, but these lines stand out in particular saying that sports and especially the nfl brings people together and lets them set aside those divisions. we believe that everyone should stand for the national anthem. it is an important moment in our game we want to honor our flag and our country and our fans expect in a of us then goes on to say that building on those discussions with clubs and players, we have worked to develop a plan that we will review with you next week so all of that leads being up to a lot of discussions we're sure coming up at the next week league meetings. >> certainly is. and from what i understand last night's monday night football ratings, another recent low. >> it's something that they will be grappling with for a while. >>s money is coming in -- or not. >>> the new cnbc all-american survey showing th

let's go to dominic chu who has a look at the stocks that have fueled the last 1,000 points of loot >> if you look at the overall picture for percentage gainers we have seen the dow move like bob said about 4, 4 1/2% higher between that 22,000 and 23,000 mark we've backed off since a little bit there. but take a look at some of the best percentage gainers during that time span if you look at the overall picture for the dow there, have been a handful of stocks that have contributed the most in terms of the overall fuel. caterpillar up 15% home depot up 9% chevron up 9%. boeing up 9% and pfizer up 9% these guys the best percentage leaders. i will point out that if you look at just caterpillar and boeing those two stocks account for a quarter of that 1,000 points that we got between 22 and 23 as for the biggest laggards there, merck, united technologies, disney, ge, and nike those shares all being big drags. but the biggest drag, melissa, on the dow in that 1,000-point run we've seen, shares of disney off by 9%. that shaved off about 72, 73 points from that 1,000-point rally. i should al

. >>> welcome back to "squawk on the street," i'm dominic chu tech no surprise here leading the s&p 500ector following strong earnings from the likes of microsoft, alphabet, intel, all hitting fresh all-time highs today, also helping to lift the ticker slk popping 2%, hitting its highest level since the height of the tech bubble march 2nd of 2000. that does it for this hour on "squawk on the street. let's send it down to the start of "squawk alley." back over to you >> thank you good morning, it's 8:00 a.m. at amazon headquarters in seattle, 11:00 a.m. on wall street, and "squawk alley" is live ♪ ♪

i'm dominic chu. tech having a breakout, leading all sectors.ce for its best, chip makers a big part of the story check out what's happening with all of these guys, 17-year high going back to the tech bubble. that does it for this hour of "squawk on the street. let's send it back downtown for the start of "squawk alley." guys, back over to you >> dom, thank you very much. good morning it is 8:00 a.m. at qualcomm headquarters in san diego, 11:00 a.m. on wall street.

manufacturing sector >> alan, austan, thank you very much >>> let's go to dominic chu. >>> we have aig development with regard to the boy scouts of america. today the board of directors nationally has unanimously approved to welcome girls into its iconic cub scout program and deliver a scouting program for older girls that will enable them to advance to the level of eagle scouts for the boy scouts of america, another big development here we should say that according to randall stevenson, the chairman of at&t, who is also serving as the boy scouts of america national board chairman says the record of producing leaders with high character is amazing. he was adamantly in support of allowing gay scouts to come in the bsa has offered co-ed programs since 1971. the next big step with regard to the kind of integration of genders, so to speak, in one of the most iconic organizations in american youth >> does this mean that girls can become boy scouts or there will be programs for girls within the boy scout rubric they don't necessarily become boy scouts or cub scouts >> cub scouts will have

enostcomi ken rogoff is with us next on "squawk alley" >>> welcome back to "squawk on the street," i'm dominic chur the s&p 500 general motors giving that sector the biggest boost so far today. also check out yum brands, best buy, under armour, as well that does it for this hour of "squawk on the street. let's send it down to "squawk alley. back over to you >> thanks, dom good morning, it is 8:00 a.m. at netflix headquarters in los gatos, california, 11:00 a.m. on wall street, and "squawk alley" is live. ♪

don't move >>> welcome back to "squawk on the street," i'm dominic chu markets are higher with materialst as the best performing sector leaders include air products, dowdupont. so far this week, stocks are higher, despite a record close on tuesday now that's it for this hour of "squawk on the street. let's send it back downtown for the start of "squawk alley." back over to you guys. >> dom, thank you very much. good morning, it's 11:00 a.m. on wall street and "squawk alley" is live. ♪ ♪

. >>> welcome back to "squawk on the street," i'm dominic chu a rise in energy stocks lifting the marketsr, trying to, at least all among the biggest gainers, this as oil jumps on mideast tensions despite the energy gains, sector is still negative for the month. that does it for this hour for "squawk on the street. let's send it downtown for the start of "squawk alley." back to you. >> good morning, it is 8:00 a.m. at amazon headquarters in seattle, 11:00 a.m. on wall street, and "squawk alley" is live ♪ ♪

speaking of this market, tomorrow actually marks three decades since the black monday market crash our dominic chuth a look at whether that could happen today what did you find? >> let's take you through some of the arguments on both sides about whether it could happen again. bad news first yes, another black monday could happen could being the key operative word there among the reasons why, we have already had recent precedent for it like the flash crash of may 6, 2010, the dow dropping nearly 1,000 points before recovering skrx that big pullback in august of 2015 on fears of a possible chinese economic slowdown among other things there's a lot more emphasis on electronic trading with more participants these days and this creates the possibility of flash crashes. the huge evilation of index based trading and etf market, that's also big. some believe that creates a herd mentality for investing which could lead to big moves lower if everyone exits the same investments at the same time so what about the no no, another black friday could not happen trading curves and circuit breakers are now much mor

i'm dominic chu. markets are more mixed right now with health care by a fairly wide margin.technology, intuitive surgical, and baxter international around 2% all of this as a big week of earnings kicks off overall the health care sector up 3% this month certainly, a sector to watch now back downtown to the start of "squawk alley." back over to you >> thank you very much morning, it's 8:00 a.m. at cisco headquarters in san jose, 11:00 a.m. on wall street, and "squawk alley" is live ♪ ♪ good monday morning, welcome to "squawk alley," i'm carl quintanilla with

i'm dominic chu.care standout is the best performing sector in the s&p united health group adding the biggest boost so far and the dow as it approaches that 23,000 mark for that index. the stock is hitting an all-time high on earnings and strong guidance other leaders are aetna, as well that does it for "squawk on the street." let's send it downtown to the new york stock exchange for the start of "squawk alley." guys, back over to you >> thanks for that good morning, it is 8:00 a.m. at netflix headquarters in los gatos, gacalifornia, 11:00 a.m.o wall street. welcome to "squawk alley." ♪ ♪

what we're hearing from the shareholders is thank you for getting involved let's send it over to dominic chua quick market flash. >> we're watching the airline stocks leading the s&p 500, overall, united cont tental shares up the most after they reported better than expected travel metrics shares up more than 6%, on pace for their best day since august of last year american airlines higher after the company raised their revenue for the third quarter. those names along with delta, southwest, the majors out there, helping to lift the dow transportation index also watching the iyt, the big transportation etf that tracks it, also moving ahead in today's trade. back over to you guys. >> okay. dom, thank you so much let's send it to sue herera who has the news update for us >> from chu to sue here we go here's what's happening at this hour president trump to have lunch at the white house with secretary of state rex tillerson and defense secretary jim mattis today. in an interview with forbes magazine, president trump suggesting he's smarter than tillerson and that if tillerson did call him a moron

. >>> let's go to business before the bell with cnbc's dominic chu. is in talks to buy aetna. that's according to the "wall street journal." the headlines sent the stocks soaring yesterday. spokes people said they don't comment on rumors or speculation, but hypothetically, a combo of those two companies would would bring together america's third biggest health insurer with a pharmacy company that has 9700 retail outlets and a client list of 75 million insured members of its pharmacy benefits system. so that's a huge deal if it were to happen. >> dom, let me ask you a question. we just had a congresswoman on that talked about what we say people should talk about, job, jobs, jobs, the economy, the economy, the economy. but there are some republicans that are saying wait a second, the economy grew at 3% last quarter. what's the feeling on wall street? how is the economy not just on wall street but on main street? >> so the economy first of all looks like it's doing okay. everyone we speak to out here says things are going pretty steadily. it's not like i