plus, a glowdown for estee lauder. uber's not so five-star earnings report. and a story that hits home, could comcast sell off or spin off its cable businesses, including, guys, this very channel? it is a very big night. i'm brian sullivan, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. all right. we do not have to look hard for a lead to tonight's show. it is the -- if we couldn't figure this one out, folks, we should quit. it is the massive amount of earnings rolling out right now. apple, amazon, intel, and more, all in focus and, as always, we've got full team coverage lined up for you, i ceci ma moddy looking very nervous in the lower left-hand corner. you can smile, seema. steve kovach dialed into apple's kael, seema mody has the details on intel, but we'll begin with kate rooney, who has all the headlines from amazon. hi, kate. what were the big takeaways on a stock that is moving up 8% right now? >> yeah, sully, so, the beat in the quarter for amazon really proved that andy

we like both lvmh and estee lauder not in the short-term, but midterm. at where they're priced right now at a discount to their prices all year. they've got really, you know, we really see this china stimulus affecting them positively over more than just the short-term. >> okay. you mentioned moisturizer is a must have. there are other things that lvmh sales that is not beauty. they have soft luxury. this your mind, outside of china, what reaccelerates the sales there? in europe, i was there earlier this year. consumers are under a bit of pressure. >> yeah, listen, you know, lvmh, i call it the stock or the brand that has everything you need to have a well lux life. to your point, they have so many different areas of luxury. we like that diversified revenue stream. the consumer is cyclical, but we were talking about china earlier. to put this in perspective, the chinese consumer is 20% to 25% of total growth of lvmh. you can't take this and put that aside. i think, you know, really coming on to holiday, we're expecting good things from lvmh even outside

estee lauder has put six brands on amazon.consumers look to replenish, they're going to amazon versus in the store. we're seeing target start to grow their beauty offerings. they are adding ulta in a lot of the target stores. and so it's tough to know if target strength is due to ulta or their own investment in their own beauty section. we have yet to figure that out. but target is definitely gaining. >> so that's an important driver for the stock. before we go, in terms of your favorite picks here, you like fragrance companies, you like elf, cody, sbh, and you have an overweight on estee lauder. >> yeah, yeah. we are big fans of fragrance categories. it was up 47% for males. it's seeing extreme growth. we really like cody, which is a lot of exposure. and estee lauder, they are putting a lot of brands on amazon. i see that as a big opportunity for them in the u.s. >> all right. thanks for joining us today. e wer thpolunch picks things up after a break. what the biggest companies deliver is exceptional customer experience. what

>> there are stocks down today, and then there's estee lauder.february and now it's at 68. they have a lack of visibility and getting a lot of downgrades. i want to be little definitive. i wouldn't buy it. >> really? after how you started this segment, i thought you were definitive. >> well, super micro, they are going to be glasgow. but this estee lauder, this was a premium company whose time has come and gone. >> isn't china part of the story? >> everybody is part of the story. >> they announced the stimulus. >> but avon is calling here. i like meta for the consumer, and i like microsoft for the enterprise. yes, comcast may be the broadband stabilizing, and maybe you and i are due for a drink? >> yeah, several. >> my wife will bring it, and next thing we don't know who we work for, but it will work out, right? >> it's like we are free agents, our team. >> what do you want me to say about that? >> i like comcast. >> who doesn't? >> well, i don't know. can i be a little solemn for a second. i was hoping i would go out as a yankee with pinstripes

estee lauder also warning that it expects steep sales declines in its key china market and, after a succession-styletle for the c suite, lauder herr race jane lauder who's worked there for -- heiress, did not get the the nod to lead the company, so she will leave her executive role. the company instead announced its new ceo who joined the company 113 years ago from l'oreal will take over starting january 1st. >>> we got a totally different investor response to news of a new ceo at pell. on the. the stock powering to a 1-year high after of the subscription-based fitness company named peter stern as ceo and president. he was the president of ford's digital services business and helped run subscription services at apple. peloton also posted a narrower than expected loss, so the stock is jumping by 25%. now, quarter to date the stock has soared 75%, but you see on this long-term chart it's still off 94% since its early 2021 record high of $171 per share. >>> from bikes to cars, uber's stock drop is the largest 11-day percentage fall in more than the 22 years. bookings growth, which is key, a key members

of greater china being a real drag on some of these personal companies' names and by the way, estee lauderhat happens. >> okay. thank you. let's get a check on the markets. nothing's happening. we didn't need to do this. we could have talked about whatever. but while we're at it, you can see the nasdaq's up 14. dow is up 2 and change. by the end of the day, the actual end of the day, end of the market day, who knows where we'll be? probably up. i don't know. maybe not. join us norm. "squawk on the street" is next. ♪

for woolfort is out with the chips that would be hit with donald trump presidency, and those are estee laudercan eagle, and stanley black and decker. >> indeed. >> and now, we are a multi media after all, and so joining us is the nba commissioner adam silver, and behind the sports podcast, he asked the commissioner what is behind sports these days, and so could rush be replaced or aided by things like robots and artificial intelligence, and take a listen to this. >> we are hoping through hawkeye-type technology that we can automate the calls, and so it would be laker ball. quickly play on. and sure it is going to be some animation that is going to quickly show, so it is not a black box, and what the ai is demonstrating, because in hawkeye, sometimes the people watch it, and think it is a video replay, but it is not a video, by it is an ai recreation of the ball hitting, and if we could take that category of the calls and automate them. >> and so the guy who did that interview is alex sherman who is sitting right over there, and he is joining with us the steeples ceo ron crashefski who is stic

. >> that was tiffany mcghee at pivotal advisers yesterday making a case for estee lauder and lvmh. next guest will look at the real test. all will be revealed in this half hour. welcome back to "worldwide exchange." i'm frank holland. let's get you ready for the trading day ahead. we get look at the u.s. stock futures. take a look. still in the red. a bit off of their lows from earlier today. so the s&p down fractionally, down about six points t dow would open 55 points lower. the nasdaq down nearly 40 points. the nasdaq and s&p both of them coming off their best day since mid-september. shares rising 4% yesterday, talking about nvidia. you can see right now in the premarket, shares are up 1 1/3 percent. salesforce gained about 2.5%. we're watching the big stock story of the morning. that's alphabet. take a look. shares down some. almost down 1.5%. this is off news the department of justice late last night followed recommendations with google including recommendations for a potential breakup. our eamon javers will have much more on that story coming up. >>> we'll check on the bond

every part of the cosmetic food chain is -- estee lauder doing badly.you see, you know -- when you see that lcvmh, it's kind o jarring. almost like, are people not -- don't want to look as well as they used to? no. they still want to look good. they just don't want to pay it. e.l.f. is down. >> you did have a selfie thesis when it came to beauty coming out of the pandemic. >> you wanted to look your selfie best, but now, i don't know. maybe these new apple phones, david, they can touch up anything. they made me look like jason statham. >> i know him. >> i look just like him. >> i watched one of his movies on a plane called "the beekeeper." it may have been the single worst thing i've ever seen. >> wasn't it horrible? >> it was so beyond comprehension. >> wasn't it awful? >> you watched that too? you wasted -- >> watched it twice because i didn't want to tell my wife i watched it alone. it's so bad. but he looked just like me when you look at the apple 15. >> i often think when i look at you, i think jason statham. i do. >> not louis ck and not -- >> lou

i do mean the ulta, estee lauder and the luxury segment. and then address that.n't know if you're investing directly there, dan. but how about apple then? in terms of, again, does any of this play into the china weakness that is plagued so many stocks' perm foformance over th last six months? >> you have to separate out what was the problem with apple? was it china? or was it wawa coming back with the smart phone? it's second. it's not the first. and stimulus checks to the poor is not going to run out and buy an iphone. so, i think you have to separate out some of this and, by the way, over a longer period of time, i think apple will do well. i do believe there is an uprate cycle on driven by ai. but in the near term, you have to look at the numbers coming out. it doesn't look like the initial uptake was good was the rollout of ai was staggered. for me, i'm more looking at industrials, commodities, things that are related to the property market which is absolutely imploded in china. those sectors that people have given up on are dead and not necessarily, you know

the estee lauder company is ringing the closing bell at the new york stock exchange.rch foundation and ulta beauty doing the honors at the nasdaq. volatility ratcheting higher on this first day of october. as iran launches a missile attack on israel and as east coast american port workers go on strike. the major averages closed off the lows of the day. that's

it's got a couple of friends around it who are ulta and estee lauder. it's a challenging time for luxury, especially when you think about the global luxury trade. you think about the margins, believe it or not, there's not the pricing power in some of this stuff that you thought. >> what do you think about retail? >> i think consumer discretionary is interesting in a falling rate environment. we've sort of stolen that tail wind. i look at this, i'm not sure what i learned today that was new. you know, we know that china's been a problem. we know for example you look at some of the read throughs. good space in the u.s. has been pretty overvalued. not sure i really learned anything new here. >> the commentary on the call indicates they said they were not going to make lower end products for aspirational customers so they're not going to try to get more share that way. i thought that was interesting in the context of our discussions about like a starbucks or a nike. these premium sort of brands and what they do to attract that customer that is struggling r

. >> reporter: scott, estee lauder is sinking after the beauty company withdrew the full year outlook thanks to uncertainty around when china will turn a corner. the company cut its dividend as its new ceo prepares to take the helm on january 1. the stock is pacing for the worst day on record. booking holdings hitting a record high. growth bookings rose 9% year over year while room nights up 8%. international travel demand offset domestic weakness. scott? >> pippa, thank you. just getting started. up next, goldman's meta blynn is here breaking down how she is navigating potential volatility as we gear up for the high stakes earnings. big week ahead. election. et cetera. you're watching "closing bell" on cnbc. you founded your kayak company because you love the ocean. not spreadsheets... you need to hire. i need indeed. indeed you do. our matching platform lets you spend less time searching and more time connecting with candidates. visit indeed.com/hire when it comes to investing, we live in uncertain times. some assets can evaporate at the click of a button. others can deflate with a

skin care and beauty have been incredibly difficult for everybody, including procter & gamble and estee lauderi say all the time, no need to take any heads here, at least not yet. then is there is cvs last week carol lynch was fired perhaps because of pressure. we don't know. cvs played in the drug store category, which is ridiculously difficult if you examine the competition in rite aid and walgreens. elements all blew up this quarter. hard to blame lynch if everybody else is blowing up, right? that was the case here elliott management how about them they're unhappy with leadership at ulv and they're seeking some board seats while potentially remove jordan of course, they think jordan is helping the company, but they think removing is helping the company. southwest, though, some good ideas and they think he is helping the company. many of the ideas are elliott's, frankly, but it might not be enough to appease elliott. southwest has been a poor performer versus the group under jordan so i understand why elliott believes heads need to roll. it seems harsh, though there is plenty of room for imp

we're looking at estee lauder. down more than 20%. not as bad as you saw earlier in the day. seeing of we are seeing a of course a change in management there but we are not seeing the moves that you would have otherwise. it really has been a tough day for this stock, you are seeing it down more than you have seen ever. we are going to go to money under cover, our weekly segment where we cover unique challenges and opportunities facing the world of alternative investments , shift away from the market moves, and bring in lisa abramowicz. lisa: i'm very excited for this guest. sarah samuels, partner at a consulting firm that advises endowments, foundations, retirement plans, and more which managed 1.7 trillion dollars. basically she is the one that takes the money and matches it with the investments and really understands where the opportunities are at. thank you for being with us. i want to start with a narrative dominating the discussion in markets which is the election, causing people to remain on the sidelines are you seeing the same kind of hesitancy in private markets as w

>> estee lauder. they're going to have a new ceo. it's not staying in the family? i think so, but who knows. we'll see. >> dan? >> yeah, we talk a lot about consumer. target, interesting to me. they guided up a couple months ago when they reported. so, that one into the holiday season. >> guy? >> the show is created inspiration for tim's halloween costume this thursday. >> really? >> i know what you're going to be. baseball in the bronx tonight, by the way. and gilead continues to trade higher. >> do you know what you're going to be? >> i don't rlly eaknow, but kno. but judging by some of the scatological humor tonight -- >> "mad money" starts right now. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people make friends. i'm just trying to make you a little money. my job is not just to entertain but to educate and te

that they are focused on their consumer, and it's why you've seen such big jumps in names like estee lauder in china. we'll see if they follow through and start to do some of these changes. but there's definitely a lot of excitement building in this trade right now. and it could have big implications for the global economy. >> yeah, if you get that chinese consumer going in a real way. you can see the impact it's had. again, we've talked about it this last week in terms of the stock, but the real question is whether it will translate into more spending for what is still going to be an export-led economy, but one they had been hoping, certainly, would find its footing, which has been really hard to get, really ever since they emerged from covid. >> right. and you can track the stock market underperformance back to 2020 when they sort of reopened and there were high hopes for reopening. but we had a lot of stimulus thrown at us and they did not. >> and they didn't reopen for some time even after 2020, it was quite bumpy. >> and the property problems. >> and not to mention the attacks on the t

that are being punished or continually punished, we talked about them, we talked about ulta, estee la lauder i think the chinese companies themselves, if we know that there's policy coordination and there's clarity, some clarity, that's what these stocks have needed, and i said i think it's not just alibaba, ten cent, baidu, some of the main names are the ones can you own >> the market's response has been so definitive whatever your view was two, three weeks ago, you at least have to be open to the idea this is the real thing. when i'm talking about how definitive this has been, look at the internals i've only seen these a couple times in my career, coming off the march 2009 low, when you're getting advance decline days of 30, 50 to 1. you had a one-month high this week, that is unprecedented. 100% of the index above the 50-day moving average. that is new cycle, early momentum really explosion under the surface, where you have to at least be open to this. the big test structurally, can the bond yields follow in every single one of them, you've seen the bond yields go up and confirm, so, i wa