if you look at what's going on since david faber broke that story on september 23rd. it was down on reporting that some like google were not interested. it's not confirmed. it's not even confirmed that the company set a date near the end of the month. earnings are set fofor october . i wouldn't be rushing in. i might consider a strategy called a risk reversal, looking to play for a high-20s sort of price here, and i just sort of wanted to go through the playbook on a risk reversal. i would be selling an out of the money put and using the proceeds to buy an out of the money call. one of the reasons i want to do that is to take advantage of the differential of the short put and wrong call. i want to better define my range. i don't really want to trade entry here near $20 with this structure. i can define my risk a little better here. and the other one is i want a medium, minimum premium outlay. i don't want to be long premium that's going to decay. if nothing happens i have a real problem. in this instance i would look out to december inspiration. i wouldn't use that oc

david faber out in santa barbara. the banks, we do want to get to eamon javers who has a news alert from our washington bureau. good morning, eamon. >> good morning, carl. federal regulators circulating proposed new cyber security regulations this morning. regulations would apply to banks with more than $50 billion in assets. and they would essentially do two things. one, they would require the banks to have the most effective cyber security controls that are available commercially at their disposal. and, two, they would require the banks to be able to recover within two hours from a devastating cyber security attack. now, think of these as the st t startistar starting point for a conversation with industry and the federal regulators of just how secure secure means in the era of cyber security. these proposed regulations are out for comment from industry. and the comment is expected to go on for several months. they expect maybe finalized regulations in january, so this is the starting gun of a cyber security race her

>>> and mark faber drops the doom. why the pessimistic calls for oil prices to rise soon. >>> and only 15 days left before the election. we'll bring you the latest poll results and tell you what the candidates are saying on the campaign trail. it's monday, october 24, 2016. and "worldwide exchange" begins right now. ♪ >>> good morning, happy monday and welcome to "world wild exchange." i'm sara eisen sitting alongside don chu in for wilfred frost. we have a big story today. huge deal in media and telecom. at&t buying time warner for $107.50 a share. half in cash, half in stock. the total price tag equals more than $85 billion. we'll have a lot on this story all hour long. but first, we'll check in on the broader markets after you can see time warner shares up almost 3%. a big pop already coming on the back of reports that this deal was in the works. at&t the acquired shares down about 3% at this early hour. >> you can probably imagine that this merger is probably given a little bit of fuel for the bullish side of the m

if you look at what's going on since david faber broke the story on september 23, are the stock at oneoint up 35 mercedes. obviously, josh just said, it was down 20% on rico's reporting that google and other guys were not interested. here's the thing. nothing has been confirmed. it's not even being confirmed the company supposedly set a date by the end of the month. october 27th, they want to take all of the final bids. here's the thing. i wouldn't be rushing in to buy the stock here at 20 if you thought there was a good likelihood between now and the en year-end there may be a deal or even just a bid may keep the stock propped up. i might consider a strategy called a risk reversal, looking to play for a high 20 sort of price here. and i just wanted to kind of go through the playbook here on a risk reversal. why would i use a risk reversal i would be selling an out of the money put to buy an out of the money call. one of the reasons i want to do that is to take advantage of the differential between the implied volatility of the short put and the long call. the other one is i want to be

we mentioned that with elliott and david faber covering that one.ee you, from "the verge." >> take care. >>> when we come back, fireworks in virginia last night at the vice presidential debate. our john harwood will join us with some highlights. but first, rick santelli, what are you watching today? >> i'm watching 10-year note yields. 1.72. the last significant top was 1.73. the one before that was 1.75. you can see where this is going. and it's not unique to our 10-year, it's unique to long-term global sovereigns in general. we're going to talk a little tech after the break. >>> coming up today on "the halftime report," former yahoo! ceo ross levinsohn with us today on whether twitter will make a deal and with who. plus, sotheby's buying back stock from an outspoken activist? why? and how should other shareholders feel today? and stocks are on the run, so are rates, though. what does it mean for your money ahead of a jobs report? that's ahead on "the halftime report." see you in 15 minutes. >>> between 40 million and 50 million people tuned in for

eastern time, david faber's exclusive with lloyd blankfein of goldman sachs.gan stanley reports at 7:00. d his cash rewards credit card from bank of america to earn 1% cash back everywhere, every time. at places like the batting cages. ♪ [ crowd cheers ] 2% back at grocery stores and now at wholesale clubs. and 3% back on gas. which helped him give his players something extra. the cash rewards credit card from bank of america. more cash back for the things you buy most. >>> good morning. busy day for earnings. dozens of s&p 500 companies ready to roll out results. we'll tell you what to expect and what's already happened. >>> and china's economy growing 6.7% year over year in the third quarter. that was basically in line with expectations. we'll get a live report from beijing. >>> and showdown in las vegas. no, i didn't this the perfect place, venue for the upcoming debate tonight between hillary clinton and donald trump. the final presidential debate. it's wednesday, october 19th, 2016, "squawk box" begins right now. >>> live from new york where business neve

david faber reporting they have indeed held talks.to barry diller at the establishment conference in san francisco yesterday, and here's what he said on media toll takers and a possible time warner/at&t tie-up. >> they could try. right now they're kind of paying people. but look, the reason there were toll takers is because there was scarcity. that was the reason. first there was scarcity of radio spectrum. then there was scarcity of television spectrum. then there was scarcity of cable. there was only a little co-ax cable, only get 70 channels through at analog, right? they said you want to get on our thing? not only are we going to charge you about half the value of your company, but we'll pay you whatever we want. >> now it comes down to scarcity offal snent. >> so when you no longer have -- that's this thing, this miracle of the internet -- when you do not have any absolute barriers, you can do what you want. and, yes, facebook has a huge audience but you have an idea, and you can get it across to people, done. >> now this content

one thing i had to learn early on is i wasn't always a big faber -- i don't know if that's i was not a big fook footballer, but i remember as my posted started to get more action, i would have post that was shared 100 times on facebook and only three times on twitter. i was like well i guess my people are on facebook. it is a matter of seeing what your people are doing. in addition to what the competitors are doing, thinking about what type of conten do your people respond to? what do they love to like and retweet, and you know, just kind of comment on? and then doingor >> you all are doing it remarkably well. nanks so much for your time. it's been great talking with you. >> thank you. >> that was great insight for any entrepreneur. >>> still ahead our next ghost this car is traveling over 200 miles per hour. to win, every millisecond matters. both on the track and thousands of miles away. brakes are getting warm. confirmed, daniel you need to cool your brakes. understood, brake bias back 2 clicks. giving them the agility to have speed & precision. ?? >> welcome back. for ten years,

david faber, back to you. >> thank you very much, mr. santelli.son will be kicking into high gear. mark mahaney will join us. and max levchin. ♪ for decades, investors have used a 60/40 stock and bond model, with little in alternatives. yet alternatives can tap opportunities that traditional assets can't. and even though they're called alternatives, they're actually designed to help meet very traditional goals. that's why invesco believes people should look past conventional models and make alternatives a core part of their portfolios. translation? goodbye 60/40, hello 50/30/20. >>> third-quarter earnings season getting under way. what does this mean for internet and technology stocks, which have been on fire this year? joining us is rbc capital markets lead internet analyst, mark mahaney. you say it's going to be a muted print for these companies. is that because the fundamentals have changed or because they've perform sod well already? >> i think the latter, kayla. 6 of the 12 largest internet stocks are within 10% of their all-time highs. this

game plan for next week, with a potential deal, namely at&t buying time warner, something that david faber said could happen as soon as monday morning. judging by the huge leap in time warner stock, it's entirely possible this monumental possibly $80 billion deal could be announced 48 hours from now. that might be followed by another expected deal, qualcomm potentially buying nxp for $110. if these deals occur it will be a wild monday that might distract us from the biggest earnings week of the year. they could send ve cbs as well as all the semiconductor stocks that are small enough to get a bid, and i'm talking about everybody from skyworks to micron. consolidation is a way of getting the bullish juices flowing. but let's not ice earnings. monday morning we hear from kimberly-clark and vf corp. the market wasn't crazy about their quarters last time around. i think we're looking at these companies way too short-term because over time they've given and dividends. but the market is in a "what have you done for me lately" mode right now, and the answer is not enough. maybe the narrative will

liz: down a third of a percent. >> that is the backstory to why david faber blocked me because i calledme of this stuff. he is a nice guy. i kind of like him. liz: good friend. >> he is a good friend? oh, god. liz: something he doesn't get. >> with friends like that why do you need enemies. liz: i will say noodnik. >> with friends like him why do you you need enemies? liz: more on markets. weekly snapshot and last update on the hurricane at least for this hour. don't go away. we're coming right back. you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference later. that

david faber always breaking new ground made clear qualcomm and nxpi have come to a deal. that was a little disappointing for nxpi shareholders, including my charitable trust, which you can follow along at actionalertsplus.com, but remember this stock was indeed at 80 not that long og. huge win. then the consolidation may continue as david indicated where there's smoke with this at&t and time warner story, there could be fire. just think with relding, nxpi, time warner, the merger related bid underneath makes the market a lot more easy to bet with than against. then there's the upside and down side of earnings. one was microsoft, which delivered a quarter that showed incredible cloud growth, made us feel like amazon might have a real competitor, maybe even a superior won to its web services business. rallied 4%, all time high. i remember when the ceo came in and talked to me about doing $18 billion in cloud revenues in a couple year' time. i thought he was being aggressive. yet now on track to hit $20 billion by 2018. i think he's going to pull it off. the man is continual

david faber is at the builders and innovators summit in california with a special guest. david?i'm joined by george lee, chairman of the tmt practice at goldman sachs, also the chief information officer at the investment bank. >> the investment bank, yeah. >> sort of an interesting responsibilities on both fronts there. >> it is very unusual to have an operating role and an advisory role at the same time. and you think about it, they're pretty synergistic. having insight from dealing with my banking clients on all the changes going on in technology, the tools that are being built and thinking of how we can harness that to serve our clients better and more efficiently, so there's a lot of synergy to it. >> and developing things inhouse that they can then use out of house. >> precisely. one of the big themes for us is taking our analytical platforms and making them available to clients on their desktops, which really changes the nature of the relationship between a banker and their client. so yeah, it's really fun. >> well, some of the guys back at the nyc know that i've been very

public eventp at the arena for by going down star wars marvel superheroes in the next creatio is quite faber. they have created a new toy , and honor of the beatles album and moving, it is a yellow summary, with your very own john paul george and ringo. project inspired by the lego ideas blog, people submit designs, we canno all live in this yellow summary because it is just a toy, it ha five different pieces in the available next month for about $60. has been around for decades, mcdonalds making light postst. >> if you're planning a quick getaway. in downtown cleveland this weekend and maybe too late hotels are booked solid things to toronto blue jays fans. >> jennifer jordan joins us to explain. just minutes after the championship boston monday, the hotel reservations began to pou in, toronto blue jays fans looking most rooms within walking distance of progressive field,,oo for the handful that still available, f ready to pay some big bucks. you try to book a hotel room in downtown cleveland this weekendoub and you may be out o theel next series of baseball s let's make the reservation. is

david faber reported up to 110 earlier today. what kind of options activity have we seen?> first of all, of course the brain nailed the number. the options value -- call volume was five times that a put. 130 calls traded. 100 calls and november 85 calls. people looking for somewhere up towards that number. >> a little perspective. when time warner acquired aol, you know what they paid for that company in january 2000? $164 billion. and now they're being acquired for what? 100? talk about value destruction. killing money. unbelievable. >> brought to you by carter worth. >>> moving on to tesla. reporting earnings wednesday after the bell and the options market implying more than a 5% move for the stock. the only question is which direction. mike is over at the smart board with today's call to action. >> the implied move actually -- only implying 5% doesn't tell you how the options are. if you bought a december straddle, nearly $30. we're going to take a look at the bearish bet. when do you want to do a trade like this? number one bearish on a stock. number two when stocks ar

lloyd blankfein sitting down with our own david faber, wide ranging interview.ybody but melissa and i is in the pacific time zone on cnbc. back after this. >>> let's get to a huge guest. we go to santa barbara, california, where david faber is standing by with lloyd blankfein and cnbc exclusive interview. david, take it away. >> thank you very much, melissa. we are joined by mr. blankfein, nice to have you here, nice to be here with you, i guess i should say. >> good it see you, thank you for coming. >> goldman reported earnings yesterday, morgan stanley reported today, last week jpmorgan, bank of america, citi, all of them pretty good. the stock price reaction has been rather muted. are you a bit surprised that investors haven't been a little more enthusiastic? >> i think relative to the low bar that has been set over the last few years, because of the cat -- they need to accumulate cap on all of these -- we haven't -- hasn't been the growthiest time, the results were good, no doubt about it, but good relative to the low bar of the last few years. but for our s

i'm carl quintanilla with david faber at the new york stock exchange. cramer's at one market in san francisco. pretty steady premarket as we are watching three things, jobs number at 156, slightly below estimates, that flash crash in the british pound and of course hurricane matthew making landfall. europe uniformly in the red. the 10-year creeping up near 1.76 as we saw wage growth tick up to 2.6 year on year. first up though, hurricane matthew is pounding florida. our morgan brennan is live in daytona beach this morning. good morning, morgan. >> good morning, guys. i'll tell you it's picking up strength here. we've had some pieces of the building, this hotel we're staying in as well as tiles from the roof have been detached and flying off in the wind just a short while ago, we've got a downed lamp post on the ground behind me and water starting to pool on the ground as well. so this is becoming more and more severe. now, in terms of we've also seen 67-mile-per-hour gusts of wind, i should note. in terms of where hurricane matthew is, it is about 45 mi

david faber, back to you. >> thank you very much, mr. santelli.st, reported earnings that on the face of it look pretty good. take a look, though. this one hits close to home. another bad day for the two largest capable companies in in the country. why? it sounds strange but i've been hering the introduction from at&t of a directv streaming service 35 bucks a month for 100 channels perhaps leading people to believe that disconnects of video service will start to increase, although frankly comcast had more video subs over the last year, some damage in that stock over the last two days. we're back after this. mobility is very important to me. that's why i use e*trade mobile. it's on all my mobile devices, so it suits my mobile lifestyle. and it keeps my investments fully mobile... even when i'm on the move. sign up at etrade.com and get up to six hundred dollars. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital

david faber, back to you. >> okay, thank you, rick.. >>> coming up, scott wapner is celebrating the anniversary of the half-time report. today he speaks with carl icahn and jeffrey gunlap. all right. later this week, a lot more, all starts today on half-time noon eastern. more "squawk on the street" coming up. this car is traveling over 200 miles per hour. to win, every millisecond matters. both on the track and thousands of miles away. with the help of at&t, red bull racing can share critical information about every inch of the car from virtually anywhere. brakes are getting warm. confirmed, daniel you need to cool your brakes. understood, brake bias back 2 clicks. giving them the agility to have speed & precision. because no one knows & like at&t. the experts at cdw brought a global outerwear manufacturer, allowing them to handle the recent popularity boom in fanny packs. it's pretty fly. unless being '90s is your thing. well, cdw and hpe services gave them the flexibility they needed to scale up their scale up their cloud resources,

i'm david faber with jim cramer. we are live from the new york stock exchange.arl quintanilla has a well earned day off. let's give a look at futures this morning as we end our week going to end on a down note at least when we open trading this morning. european markets, let's look at how things are faring at this very moment. you can see kind of a mixed bag. didn't give me italy or spain, normally i get italy or spain when i'm on the desk here. there's germany, france and the ftse of course which is the only one in the green. ten-year note yield, there it is. 1.738 is where we stand. crude of course had the nice move and helped some of those oil related -- energy related companies of late. let's call it down a little bit as you see but still above 50. our road map this morning starts with microsoft shares. they are set to hit an all-time high after strong earnings on a quarter that was boosted by what they are doing in the cloud. we're going to dig into a report with jim. >>> shares of tobacco maker reynolds soaring on news that british american tobacco offerin

we'll move on to twitter, guys of the david faber reporting the company still in talks with sales force, a day after twitter fell about 12% as buyers appeared to be losing interest. bloomberg got a copy of a message from jack dorsey to employees. he says, quote, life is short. every day matters. roger, we're here again, tossing this one around, trying to see what the company's future is with very little visibility. what do you think right now? >> they're playing in the same game at the same level. the fundamentals have not delivered the results those investors expected. the stock has a premium that, for an acquirer is just way too high relative to the earnings they're likely to get. the deal would be, i suspect, massively diluted. it's unlikely to be bridged. i can imagine a vanity deal being done here. it's hard for me to see anybody being able to make a great case that twitter is additive to their earnings. i see people who can build other businesses. google can leverage it. facebook could leverage it. not at an earnings sense. that makes this a super tough deal. >> is that true at 17

>>> and mark faber drops the doom.mistic calls for oil prices to rise soon. >>> and only 15 days left before the election. we'll bring you the latest poll results and tell you what the candidates are saying on the campaign trail. it's monday, october 24, 2016. and "worldwide exchange" begins right now.

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he will talk earnings, elections, all kinds of stuff with david faber. >>> now, bhp billiton reported a 1% year on year decline in iron ore production as they reaffirmed most of the 2017 production guidance forecasts. andrew mckenzie sounded an upbeat note on the firm saying we've seen early signs of market rebalancing. paul rankin is senior geologist and mining analyst at vsa capital. good morning. >> good morning. >> we're hearing bhp billiton, 1% decline year on year in iron ore production. the ceo sounding upbeat that there are signs of this market rebalancing. is that what you're seeing as well? >> this kind of discipline with bhp, where production numbers across a number of commodities are no longer rising, in fact have been falling for at least several quarters here now, is a good sign that the marketplace is -- or the major producers into that marketplace like bhp are rationalizing inventories that are there. which is still a good sign. >> output levels are where they should be or -- or are they off balance with regards to what demand is? >> they had been off balance for quite

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.e cap the week off today with the busiest agenda so far for big banks with earnings, macro week on data running hot, muster, rosengren, yellen all set to speak, china's cpi comes in hotter than expected as well. watch the ten-year, yellen speaks just after lunchtime east coast time. road map begins with the parade of bank earnings. wells fargo, j.p. morgan, citi all beating estimates, but it's not all good news from those financials. we'll dig through the reports and hear what the ceos are saying. >>> the samsung saga continues. the company saying billions more in losses are expected. and now some airlines are using fire containment bags for overheating phones. >> like an airsick bag? are you kidding me? where's the tsa? >> and honeywell ceo telling jim on "mad money" last night he was astounded by the market reaction to the company's presentation earlier this month. we'll get the latest. first up, wells fargo out of the first earnings report since the bank's unauthorized account scand

cramer and faber are off today.his week alone brings job number, fed speakers, still waiting for clarity on deutsche's ability to settle with the doj. germany closed for holiday, uk pmi was strong, brent may close above 50 for the first time since august. road map begins with the first day of the last quarter, q-3 in the books. looking ahead to what y can expect from the usually positive 4q. >>> a bombshell report about donald trump's taxes over the weekend shows he could have avoided paying up for two decades. we've got all the details. >>> and that deutsche bank saga that rocked global markets far from over. we're going live to the company's headquarters in frankfurt for the latest. first up though, history shows q-4 is usually the best performing quarter for stocks. will that trend continue this year? friday's rally capped an upbeat q-3. tech sector post d its best quarter since 2013. s&p with a 3% gain, dow up 2%. a lot of talk about seasonality, what the end of the year brings. i was surprised west texas usuall

ais i'm carl quintanilla with david faber at -- jim cramer at one market. a lot to get to today.mf meeting, hurricane matthew strengthens overnight, more pain for the pound in the uk. jobless claims 249 and oil hits 50 for the first time since june. road map begins with walmart's annual investor day taking place in arkansas. shares down in the premarket. we've got all the headlines coming out. >>> shares of twitter down hard this morning on reports of google and disney will not make bids for the company. i'll give you the latest on what's actually going on here. >>> and yum taking a hit after yesterday's earnings report. what has the fast food chain moving. and latest on the company's china plan. >>> twitter is taking a hit in the premarket. google and disney will not move ahead with a bid and apple is also unlikely to pursue the company. down 18%. it would be the worst day in over a year. >> yeah, the moves in the stock are truly extraordinary, carl. of course when a process like this becomes public, as of course we made it a few weeks back, the stocks can move all over the plac

david faber working the phones and is here with the latest. what are you hearing, david? >> developing is the right word and things are developing very quickly. in fact, so quickly that you could see a deal announced as soon as, let's call it shortly. will it be as soon as monday? hard to say at this point. but the point is that after what appears to have been actually months of some conversations and certainly work on the part of some advisers, these two companies are close to inking a potential deal that would actually meantime warner would be owned by at&t, a dramatic move for at&t as it builds on what already was a large deal when it acquired additional distribution opportunities and video with the large acquisition of direct tv. this brings it into the content arena with the acquisition of a studio. cable net works and perhaps most importantly hbo. it is significant departure for a company that clearly is saying, hey, we don't want to just rely at this point on the broad wireless platform. where can you go? you can go internationally wireless or you could move to con

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.ttention remains on the micro this morning as earnings dominate. boeing, coke, chipotle and of course apple with its first revenue decline in 15 years. we're going to cover it all. europe's largely in the red as was asia overnight. ten-year around 1.78. oil lower after api inventories showed a build. and we'll get d.o.e. numbers today. road map begins with apple. shares falling after that first revenue decline for a year since 2001, but its cash hoard swells to a new record. >>> coca-cola's poised to open higher, this after a quarterly beat. north america showed signs of strength, and that did offset sales weakness abroad. >> and shares of chipotle and panera going in opposite directions, both reporting earnings. we're going to break down those numbers. >>> but first, apple shares falling. quarterly earnings did beat consensus but profit and rove knew fell for third consecutive quarter as apple sold fewer iphones than a year ago. apple is banking on iphone 7 to boost holiday quarter. a

david faber reporting there are still other potential bidders looking at twitter.et's back up and try to explain to viewer what is the last couple of weeks, what the last week has truly been about. >> well, a lot of market turmoil, really. there's been a lot of speculation, a lot of conflicting reports and everything else. so we decided to go in and find out what really was happening. and it's not to say these companies didn't look at twitter, and obviously everybody has to look at twitter. it's one of the few platforms left that is of that size and is a huge distribution platform. so i think these companies considered it, they were in talks with them, you know, preliminary talks before this process -- sort of in the middle of the process, actually, and then decided this wasn't the right way to go. so it's pretty simple. not that complicated. >> strategically misplaced? just too expensive? >> everybody has different reasons, i think. i think for disney it's a big stretch, it's a big -- a huge, enormous expense and all kind of issues. bob iger is in his last few yea

i'm carl quintanilla with david faber at the new york stock exchange.ramer is live at one market in san francisco covering dream force. big day for macro as adp comes in a little light, 154. waiting for ism, services, kashkari this afternoon, yields remain a big story as oil gets closer to 50. road map begins with twitter, speculation over who might buy the company hitting a fever pitch as it's expected to field acquisition offers this week. >> and unexpected fireworks from the vice presidential debate last night. we'll look at the highlights and the impact on the campaign. >>> amazon hitting another all-time high yesterday. announcing prime reading, which unlocks thousands of kindle books for free. what that means for the industry. >>> but first up, twitter shares rising in the premarket amid some increasing talk about a possible sale of the company. comes more than a week after david broke the news that twitter has received expressions of interest from a number of tech companies that are considering whether to make a bid for the social media company.

: cnn has not verified either of these allegations but responding with this saying says a total faberationand did not happen and the allege the incident and rec nig recognition went unnoticed by anyone else in this crowded venue. >> and in the past few moments we got another statement from the trump campaign, this one coming from the first 'cause of summer zerbos, his name, john berry. that first 'cause saying i think summer wishes she could still be on reality tv in an effort to get that back she's saying all of these negative things about mr. trump. that's not how she talked about him before. i can only imagine summer's actions are nothing more than an attempt to regain the spotlight at mr. trump's expense and i don't think it reflects well, coming from the trump campaign direct from the first 'cause of that woman who was on the apprentice season five. i reached out to summer's father tonight, and he said he could not comment on any of this, don. >> thank you very much. i want to bring in defense attorney allen dershowitz, and senior advisor to the trump campaign. i want to get your resp

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. big deal in energy, ge combining its oil and gas operations with baker hughes. we're going to talk to the ceos of both companies and the ceo of ge oil and gas this morning. meanwhile, final day of the month, a week full of central bank meetings, jobs number, focus on the fbi, futures are steady, moderate losses in europe this morning. and consumer spending rises to the fastest in three months. road map begins with ge confirming the deal to combine oil and gas business with baker hughes to create a new entity. we'll speak with the ceos in an exclusive interview. >> we've got a deal in the telecommunications industry. centurylink to buy level3, totals a new record month for u.s. m&a announcements. >> and the latest controversy over hillary clinton's e-mails as the polls tighten just eight days ahead of the election. we'll get you all the market impact. first up in that deal to create what both companies call a new baker hughes, ge will contribute $7.4 billion to fund a 17.50 per share s

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. big morning as we get gdp for the third quarter, 2.9, that's the fastest in two years, and above expectations. we'll dig into that number along with earnings from oil majors amazon, alphabet futures are a little bit positive. europe a slight loss at the moment. ten-year close to five-month highs we got yesterday. road map begins with amazon shares falling after that miss. big spending abroad cutting into bottom line, one bright spot is aws. >> google's parent alphabet sees profits rise in mobile and video advertising. shares poised to open a bit higher this morning. >> and ge in talks with baker hughes on potential partnership. baker hughes rising on that news. but first up, amazon falling on quarterly miss amid higher cost increased spending on warehouses, digital content and other areas. holiday guidance also weighing on the stock. amazon web services up 55% in q-3, but we're deep in the investment cycle here. they've opened 23 warehouses since july. only three in the first half. >>

i'm carl quintanilla with david faber, sarah eisen, mike santoli at the new york stock exchange. we're going to talk about the the debate. futures up ahead of a busy week. german expect data, bond market is closed for columbus day. a contentious debate in st. louis last night, the tone set when both candidates entered the stage and did not engage in the traditional handshake. after that a focus on trump's hot mike remarks in '05 about women that has created turmoil within the gop. >> this was locker room talk. i'm not proud of it. i apologize to my family. i apologize to the american people. certainly i'm not proud of it. >> have you ever done those things? >> women have respect for me, and i will tell you, no, i have not. >> what we all saw and heard on friday was donald talking about women, what he thinks about women, what he does to women. and he has said that the video doesn't represent who he is. but i think it's clear to anyone who heard it that it represents exactly who he is. >> now, the debate last night did get to a lot of issues that are core to our viewers' interests,

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.o much news, an hour's not going to be enough. at&t, time warner, tsunami of earnings heading our way over the next five sessions. europe showing decent advantages, china up a percent overnight. watch the ten-year, at least four fed speakers are on the agenda today alone. our road map begins with that megamerger between at&t and time warner and $85 billion deal is more consolidation ahead? >> plus, getting that deal approved calls for scrutiny and consumer protection already coming from washington. let's listen to how both ceos are pitching the transaction. >>> and goldman sachs lowers outlook for corporate earnings through 2018. why it sees profit growth slowing in the s&p. >>> but first up, at&t's mega merger with time warner already facing scrutiny from presidential candidates and capitol hill lawmakers. earlier on squawk at&t ceo randall stevenson said he believes the deal will pass regulatory muster. >> this is one where the nature of this deal is unique from anything that we've d

also on "power lunch" david faber has a big exclusive with lloyd blank fine. you don't want to miss that, and sports tv ratings have been taking a hit. what's driving it? is it this election? or is it something longer and more sinister? scott, back to you. i'll see you on "power" at the top of the hour. >> look forward to that. thanks so much. keith, let's talk ask welcome jim cramer. great to have you here. >> i am honored. this is the kind of friend that scott wapner. mr. kelly redskins ballgame ball for me. this is about friendship, and also about five years, and i think that people should know behind the scenes this man is our friend, and this is fun tv because we like him on and off. congratulations. >> are they going to sell themselves as you want them to? >> so i don't know the answer. i think pandora is usually a strategic asset. there's two large platforms in the on-line music world. pandora and spotify. i could argue which one is better for different reasons. spotify is roughly a $15-- as a investor, i like owning pandora here. they have a huge analy

my squawk on the street colleague david faber says this deal is on track.ualcomm would be right to do the deal because it makes a huge amount of sense. qualcomm is way too tied in with just cell phones. qualcomm's stock has gone higher the whole time these talks have gone on, which is a tremendous sign, one that shows you that it's another win/win scenario. the at&t time warner combination may be really flashing, but to me, it's this tidal wave of other much smaller deals that really matter to the less flashy overall coloration of today's stock market. stick with cramer. mary buys a little lamb. one of millions of orders on this company's servers. accessible by thousands of suppliers and employees globally. but with cyber threats on the rise, mary's data could be under attack. with the help of at&t, and security that senses and mitigates cyber threats, their critical data is safer than ever. giving them the agility to be open & secure. because no one knows & like at&t. >>> i like to say there's always a bull market somewhere. i promise to try and find it ju

because at last month's delivering alpha conference, david faber and i hosted a panel where one of the participants made a strong case for owning a company called tech resources. that's a producer of what's known as coking coal, the kind that's used to make steel. prices have gone up a great deal for this type of coal of late. that only happens if we're seeing a pickup in demand, especially in chinese demand. you know what, that' if you own this one, you better be praying for coal volumes to stabilize or else the stock is overvalued although it's had remarkable expense control for years now, which has helped buoy the stock all the way higher. unlike the rails, the airlines stocks have been deadly this year, one of the worst being delta, down 23% for 2016. trading at just seven times earnings. i think that's too cheap. if delta merely says that it sees business stabilizing when it reports on thursday, you're going to make some money here. i look at this stock and see a that's what i call decent risk/reward. how about a company that's performed marvelously but not marvelously enough? i'm

in response to the question that jim cramer and david faber gave me about why we were bearish, i said you don't see the entire operation of alibaba. you don't see the actual fulfillment part, even though that's what they do. mr. cy said, well, yeah. it's two million people that work in delivery and warehouses and et cetera. you know, we're a tech company. why would we want to put them on you are on books? to my point. exactly. why would you want to put them? i would love to put my employees in some unconsolidated affiliate so i wouldn't have to show their salaries. >> that's what this centers are not -- around. >> this is an accounting story. again, when you have all the delivery companies and all the warehouse companies that are actually getting the product that i buy from joe to my house from china, a guy on a bicycle, car, whatever, in it the warehouse. you don't see any of that. you see a line item, equity net income of affiliates. there's no idea with the two million employees of what those costs are, what the accounting is there. what we do know is that alibaba is putting capita

my squawk on the street colleague david faber said today this deal is still very much on track. qualcomm, i believe, would be very right to do the deal because it makes a huge amount of sense. qualcomm is way too tied in with just cell phones while nxpi gives it great diversification the big growth areas of autos. qualcomm's stock has gone higher the whole time these talks have gone on, which is a tremendous sign, one that shows you that it's another win/win scenario. look, the at&t/time warner combination may be really flashy, but to me, it's this tidal wave of other much smaller deals that really matter to the less flashy overall coloration of today's stock market. stick with cramer. i stole the other team's mascot for good luck. we need to wash this room. wash it? yeah, wash it with febreze. for all the things you can't wash, use febreze fabric refresher wow [inhales] it really smells great in here. dog barks and try pluggable febreze, with up to 4 times the freshness in one refill. pluggable febreze and fabric refresher [inhale + exhale mnemonic], two more ways to breathe ha

we learned recently, thanks to our own david faber, that twitter was contacted by a host of suitors,erhaps disney and google. they were enticed by the cratered stock prices as well as the ennui at the top of twitter. by the time we found out about the for sale sign, two trings had happened, the stock had run from $14 to $21. and, two, their business had taken still one more step down to the point where the word disastrous keeps being thrown around as the operative to he did fine how twitter is doing currently. the stock started rising when the word leaked out the company was on the block. the price tag would be 29 bucks if you wanted it, which was 3 bucks above where it came public, twice the price that attracted buyers to the trophy to begin with. maybe that's the most salient point. unlike linkedin, twitter has no deferred revenue. it's a no growth company with no real earnings. even if it does have $3.5 billion on the balance sheet. that dramatic rally and the newly expensive price tag that it would cost to get the whole darn thing, well, it pretty much caused everyone to drop out

we learned recently, thanks to our own david faber, that twitter was contacted by a host of suitors, most loudly by salesforce but also perhaps disney and google. they were enticed by the cratered stock price as well as the ennui at the top of twitter. but by the time we found out about the for sale sign, two things had happened. one, the stock had run from $14 to $21, putting twitter at about a $15 billion valuation. that's $5 billion more than the honey that first attracted this and, two, their business had taken still one more step down to the point where the word disastrous keeps being thrown around as the operative term to define how twitter is doing currently. no matter. the stock started rising furiously when word leaked out the company was indeed on the block. management told all customers the price tag would be 29 bucks if you wanted it, which was 3 bucks above where it came public, twice the price that attracted buyers to the trophy to begin with. twitter has no deferred revenue and if you back out all the stock compensation, it's a no growth company with no real earnings e

faber asked him -- as he's bragging about all of these subscribers. do you have the spectrum to do this, are you act actively bidding? he didn't answer that question, which i have thought was really curious. they could find themselves back in the other side of this whole thing, as far as the network is concerned if they took too many subscribers on and don't have the peck trum, they go back to having the crappy service. >> i've been a t-mobile holder for about 18 years since it was omni point and all of these other things. i'm hanging in there. >> voice stream. remember that one? >> yeah. they had international and i could get gsm. >> i should have been dived -- >> i was thinking -- >> the jacket could have gone with your z calf reachees. do you remember those? >> guy does. >> don't throw it back at me! >> still ahead. check out shares of visa, the stock is moving lower after hours. there is the chart. we'll hear from the outgoing ceo next. i'm scott wapner, you're watching "fast money" on cnbc. first in business worldwide. here's what else is coming

david faber sits down with lloyd blankfein tomorrow.uch more "fast money" after this break. ♪ we love knowing what's happening. so the nest cam security camera looks after things and alerts your phone if something's up. hey, need a glass? no matter what it is. hey, dad. ♪ what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley mary buys a little lamb. one of millions of orders on this company's servers. accessible by thousands of suppliers and employees globally. but with cyber threats on the rise, mary's data could be under attack. with the help of at&t, and security that senses and mitigates cyber threats, their critical data is safer than ever. giving them the agility to be open & secure. because no one knows & like at&t. >>> we've got to be there for them, make it easier to order through domino's. >> facebook messenger. so there is m

david faber's been reporting on it. close to 4%. >>> and constellation brands increasing its full year guidance. that's good for a 3.5% pop for that stock. >>> the white house is revealing new rules that will cut down on tax inversions by rebasing abroad. the aim is to prevent companies from shifting profits overseas in the form of tax deductible interest rates to a foreign parent. the new rules would change those payments in equity dividends which are not tax deductible. warned about unintended consequences and lawsuits. we'll get holman's view on this maybe too. in other political news, senator tim kaine and governor mike pence squaring off and the one and only vice presidential candidate last night. sparring over donald trump's tax returns, here's what they said. >> we have a tax code, senator, that actually is designed to encourage entrepreneurship in this country. >> but why won't he release his tax returns? >> we're answer the question about the business thing. >> i do want to come back on this. >> his tax returns