what we'll bring you up to date on that plus harley davidson going, what else, hog wild, jumping after a top analyst adds the name to his best idea list after what has been a rocky ride for harley stock. that analyst will join us. and later former google executive trystan harris will join us. he talks about the dangers of big technical and the dire need for, yes, regulation "power lunch" starts right now >>> hi, tyler. a whip saw market as washington continues to chase headlines from washington. bob pisani has the latest on the moves. >> do we have a stimulus pamann pacqui pacquiao -- package? no do we have an s&p package? no the market believes the market will hold up well. we have new highs on target and costco and l-brands, believe it or not ande etsy has hit new highs recently fedex, some of the shippers, these are big global industrial companies that are continuing to hold up on hose thpes we're goio eventually come out of this. i want to show you the industrials, xli here, that tells you the cyclical rally has some legs receipt now. this hasn't lasted often i don't want to go ove

there also be a range of motorcycles under the harley davidson brand.igit sales jump in china, it was not enough to offset losses across the carmakers business. india's economic slump kept demand week. -- kept demand weak. phyllis in on what is going on. on what is going on. of 42.6as posted a loss loss fromidening the the same period a year earlier. they are grappling with the worst in the industry and unlikely to return to pre-pandemic levels for at least another four years. they have plans to cut, but it is doubtful, we are waiting and watching. jlr has been seen as a problem child, it is surprising to see this come back. >> that is true. it has made a small profit. jlr is expecting to be profitable in the second half of the financial year. costwill be backed by a reversion plan. is uncertain due to the covid-19 pandemic outbreak, but jlr seems to be hopeful because it has a cost-cutting plan, and a line of new models. they are hopeful for a revival in the china market, the biggest market for jlr. a surprise loss, what is behind that? analyst who was

. >> harley-davidson road king i think like '95.it was his thing, and he didn't ride it often, especially the last like ten years because he was sick. >> his heart again. cardio card card cardiomyopothy. >> he was on my medications. she would clean. she would be the caretaker even though he didn't need one. >> betty said randy wanted kelly to care for him, and she did for years, until she just couldn't anymore. >> she was 11 years younger, and i think it was starting to get to her that she was still kind of pretty young. >> it was the spring of 2017 when randy was recovering from open heart surgery, kelly said she just couldn't take it anymore, and she moved out. >> and at first i was like i could kind of understand it. >> but two months later, randy was dead and police were calling in family members to tell them exactly how he died. kelly had trouble dealing with it. still, they asked for her help. >> i can't. i just can't. >> but she calmed herself, and she did mention randy's dedication to his job. >> he was a very good counselor

others like harley davidson didn't give guidance either. raytheon, corning. no guidance from companies. analysts have a tougher time and they've been very conservative and wrong so far fortunately wrong on the conservative side. look at all these companies out there. 83% are beating for the third quarter and they've been beating by almost 20%. it's an amazing beat and shows you the analysts have been way, way too conservative look the cummings today, they make truck parts, truck engines all over the world they had numbers no analysts had. they were 40% above the consensus numbers. amazing blowout numbers but the stock is barely moving that's the problem we're having so far we're almost halfway through earnings season. not translating into big price gains. that's a problem remember, we've all got that stimulus vaccine and election issues that are completely messing up the analyst's ability to figure out what the right prices are on top of no guidance back to you. >> thank you very much, bob. how do you navigate a market with less company guidance in an electio

i'm a harley-davidson motorcycle rider but this is not a good thing with 500,000 people gathering without masks and having no concern about this new just cannot afford to do that. and memorial day and it is said in the beginning you there is no high-tech solution to this right now that rest on the shoulders of america and you could be the one that is spreading up. where the mask, avoid the close proximity to others. where your mask, wash your hands watch your distance and keep that in mind. but they will be the ones spreading this to their neighbors with their grandparents resulting in outcomes. and then to figure out collectively how to turn this into a circumstance. >> giving everything you have shared with us how do you respond to the questioning of science by politicians and defendants and the percentage of the population cracks so what impact is that happening as a result? >> it is troubling at the time to depend on the full powers of the scientific method with those methods of treatment and credentials but then whether a science something you can just the fact that we have right now

hello and welcome to the week in tech and it was the week in tech and it was the week that harley—davidsonone will go on sale next month. the ceos of google, facebook, face hours of questioning on censorship and misinformation on their founders, and allie bob's new online payment group and details plans for a stock market next month, it is said to be the world's largest ever. it was also the week that spacex satellite internet service started recruiting beta testers with low expectations to test its broadband. for fairly steep $1199 a tester will get a router and terminal to connect to the satellites giving access to what an e—mail that describes is better than nothing internet service. the release of the highly anticipated game cyberpunk 2077 norma mack has been delayed again to december the 10th. a letter from the developers apologise for further delays and say they knew the announcement would raise emotions and questions. normal mac spot the boston dynamics robot dog was sent to chernobyl to help sniff out radiation. 30 yea rs to help sniff out radiation. 30 years on from the disaster,

while harley davidson is an absolute legacy manufacturer that was founded in 1903 and has petrol and loud pipes practically burnt into its d.n.a. . but clean and quite electric motorcycles have become so popular that even community care just like in berlin rent them out for trials. already so is taking which bike i would say there's 2 options we can either fight it out or do rock paper scissors what do you prefer well as you and i are a champion. and i'm not and i want to get out of chute alive i would say we do rock paper scissors but the were not takes the holly ok so i want to prove. i would have preferred this bike honestly but just you know right just to stick it to me yeah i can see you so how is your was is my. well move on. is it on the road yeah no way no mine no listen to the little whirring. that means it's not on your mind no. 'd in the grass of. yeah yeah it's moving it's moving it's on it's on it's own. it's not what i used to yeah it's not really like the exciting turning on a motorcycle usually releases and it's not at all it's not even vibrating that's nothing. so we

>> harley-davidson has a new product.is an electric bike but look at that, it's not an electric motorcycle, it's an electric bicycle >> jimmy: yeah, moms heard that and were like, "yeah, it's still a no." [ laughter ] "but i'm 48! "yeah, no. [ laughter ] i'm actually looking forward to seeing the first biker gang that takes breaks for matcha tea smoothies. yeah, you don't look quite as bad ass in a hell's angels jacket when you're riding peewee herman's bike ha-ha. ♪ no hands, no hands [ laughter ] >> questlove: wait a second. >> jimmy: i broke him. i broke him. this is cool right here. there's going to be a blue moon on halloween this year so denny's is celebrating by selling a ham, egg and cheese sandwich with blue bread look at this [ laughter ] ah, yes, the classic color everyone associates with halloween, blue. [ laughter ] so remember, even though halloween is basically canceled, you can still make it much, much worse [ laughter ] get this though, even though some people are skipping halloween, sales of candy and ch

gathering, i'm a harley-davidson motorcycle rider, i don't want to talk about bikers but this was not a good thing 500,000 people gathering without masks and congregating in bars and having no concern and clearly there was infected people and everybody got on their bikes and went back to where they came from and spread this around, we cannot afford to do that it's pretty clear there's holidays, memorial day, july 4, labor day are often followed two or three weeks later by the spiking cases, as they said at the beginning there is no high-tech solution to this right now, we are looking at one the vaccine with a low-tech solution which rest on the shoulder of every american, if you could be the one that is spreading this, do not do it, wear the mask, avoid the close proximity to others, 3w's, where your mass, watcher distance, wash your hands, keep that in mind, that applies not just to vulnerable people but to young people who may think their immortal and they can be the one spreading this to their neighbors, their grandparents and resulting in a terrible outcome, i am afraid that the p

problem for the analyst, caterpillar, 3m, xerox, stanley black and decker, harl harley-davids harley-davidsonon, look at corning didn't provide any explicit guidance, labcorp analysts are trying to figure out what is going on first and third quarter. you see earnings come out and very wide disparities between what the analysts are thinking generally, they're beating, the analysts, without any guidance are being very, very conservative here f you see t if you see the numbers, 83% are beating way above. it is still 20% beating. the average beat is 20%. that's huge with the third of the s&p reporting already. i keep pointing out, they'll beat by 3%, 4%, 5% 20%, third reporting, that's an amazing beat what we're seeing here is not a lot of movement on the stock prices and that's a little bit disconcerting. i want to show you what's going on here with cummins, huge beat, 40% above the median price estimate was and no analyst got close to the number they reported this is historic high for cummins. they do engines and engine parts. the company i think highlighted exactly what the problem is with ear

i'm harley davidson motorcycle rider so i don't want to dump on bikers but this was not a good thing .-1000 people gathering in sturges without mask, congregating in congregating in bars and having really no concern about this, clearly there were infected people there anybody got and the bikes and went back to where they came from and spread this around. we just can't afford to do that. pretty clear there are holidays and memorial day, july 4, labor day are often followed two or three weeks later by a spike in cases. as i said at the beginning there is no high-tech solution to this right now. we are looking at one with vaccine with a low-tech solution which rests on the shoulders of every american, he is you could be the one that is spreading this. don't do it. where that mask, , avoid that close proximity to others. watch your 60. the three w's come where mask, watch her distance, wash your hands. keep that in mind. that applies not just to vulnerable people at young people may think they are in mortal but they be the ones spreading this to the neighbors, grandparents and result in

hello and welcome to the week in tech and it was the week that harley—davidson revealed its electriconth. the ceos of google, facebook face hours of questioning on censorship and misinformation on their founders, and alibaba's new online payment group and details plans for a stock market next month, it is said to be the world's largest ever. it was also the week that spacex satellite internet service started recruiting beta testers with low expectations to test its broadband. for a fairly steep $1199 a tester will get a router and terminal to connect to the satellites giving access to what an e—mail that describes is better than nothing internet service. the release of the highly—anticipated game cyberpunk 2077 has been delayed again to december the 10th. a letter from the developers apologised for further delays and say they knew the announcement would raise emotions and questions. spot the boston dynamics robot dog was sent to chernobyl to help sniff out radiation. 30 years on from the disaster, 200 tonnes of radioactive fuel is still thought to be the area. — — 3a years on we met

it was the week that harley—davidson revealed its electric bicycle that will go on sale next march.witter faced hours of question on censorship and misinformation on their platforms and ali baba founder new online payment group detailed its plans for a stock market debut next month. it is said to be the words largest ever. it was also the week that space x's satellite internet service started recruiting baited testers with low expectations to test its broadband. a tester will get a router and a terminal to connect to the satellite giving access to what an e—mail describes is better than nothing internet service. the release of the highly anticipated game cyberpunk 77 has been delayed again until december ten. a letter from the developers apologise for the further delay save menu the announcement would raise emotions. the boston robot dog was sent to chernobyl to help sniff out radiation. 34 years on from the disaster, 200 tonnes of radioactive fuel is estimated to still be in the area. finally, we met another robot named spot he is also learning to behave like a dog. a team from joh

harley davids harley-davidson did seem broken but today we learned that they are working. i would not be surprised that if this is not the first of many. how about kevin conroy, someone we champion for years, you know what he did today? he bought the biopsy business and he did it for $2.15 billion. it is a holy grail of this age of medicine. you know the much lower price tag that conroy got is one of the reasons his stock soared those are both major achievements when we are celebrating success around here, we have to celebrate the impossible the cleaning of stables of amd by dr. lisa su and turning a chip maker into unbound. i had to go unmythical to tell the story of this legendary turn around amd has a ton of upside. you are getting a magnificent quarter for free bank with her and be grateful that you can go along for the ride i would say we go to taylor in california >> how is it going >> not bad >> a stock i have been interested in, ino, they're promising pharmaceutical company and things looking great after they were hitting 5 x after i got in the fda put their trial

harley-davidson's main -- maintains -- the decision comes weeks after harley announced it will pull outart of wider cutbacks. they will sell and service harleys and offer parts and accessories through exclusive stores in its existing networks. it will also develop a range of motorcycles under the harley brand. struggling a lecturer carmaker has won more backing as it tries to shore up its finances. mercedes benz will boost its stake to 20% giving access to hybrid and electric power trains and other components. they will separately raise more than 1.5 billion dollars through new stock and bond offerings. the money will be used to debt.nce existing tiffany and lvmh are set to be talking about lowering the price of their contested deal with seeking around 100 $32 a share as a compromise. tiffany wants a guarantee that lvmh will not back out of a revised agreement after lvmh said it could not complete the original one due to a request from the french government. the original deal was for 135 billion. about $16 shery: let's get a quick check of how markets are trading. . we are seeing qe sto

. >>> in terms of the movers, shares of harley-davidson are sharply higher after a big beat on the topnd bottom line and their profit improved from a year ago as they continue the turnaround effort. the shares of harley are up 25% today. meanwhile the online education company is lower and raising its guidance but analysts said there were high expectations going into earnings. the stock has more than doubled and it's down 9% today shares ofity any's are higher. tiffany's and lbmh could be close to a revised take overdeal valued at $130 a share for tiffany. it's up 9% today. >>> chinese tech giant ant group is set to be the biggest ipo and demand has been so massive that the company is close considering its order book in hong kong a day earlier than expected. more from beijing. eunice yoon joins us live. >> reporter: one day closer to source of the matter the ipo is oversubscribed. they say that the book close for institutional investors in hong kong is going to be moved up to wednesday instead of thursday. retail investors though can still subscribe until friday, and subscribe they are

what we'll bring you up to date on that plus harley davidson going, what else, hog wild, jumping after a top analyst adds the name to his best idea list after what has been a rocky ride for harley stock. that analyst will join us. and later former google executiv

six flags, simon, marriott, harley-davidson, all with analyst upgrades so, kelly, perhaps there's a point where the prices get so low that they become compelling buys i'll send things back over to you. >> dom, thank you very much, sir. we appreciate it dom chu. let's stick with the markets and his theme on a day with some very good news for retail sales offset by a drop in manufacturing activity so in the hunt for bargains, how do you separate the future winners from the value traps joining me now brian belski, chief investment strategist at bmo capital markets and quincy crosby with prudential financial. welcome to both of you brian, before delving into anything top level i want to hammer the point that dom was making you know, tell me many so of the names that you would consider to be, you know, possible value traps that you like, or are there any or do you stick, you know, the winners in this kind of market environment? >> well, kelly, thanks for having us, first off i think we have to come to grips with this notion that when growth is kairs, growth outperforms and coming off of a rece

part of the reason you are seeing so much covid-19 in the dakotas dates back to that harley davidson gathering. i am a motorcycle rider so i do not want to jump on bikers, but this was not a good thing. 500,000 people gathering without masks, congregating in bars, and having no concern about this -- and clearly there were infected people -- and then everybody went back to where they came from and spread this around. we cannot afford to do that. it is pretty clear certain holidays and memorial day, july 4, labor day, followed two or three weeks later by a spike in cases. as i said in the beginning, there is no high-tech solution to this right now. we are looking at one with vaccines with a low-tech solution which rests on the shoulders of every american. you could be the one spreading this. do not do it. wear that mask, avoid close parks but he, watched the three w's. what your hands. that is also to young people who may think they are immortal. they could be the ones is spreading this to neighbors, grandparents, and resulting in terrible outcomes. unless we think of it that way this

. ♪ thank you, harley-davidson, making an electric bike for being the most surprising product release's line of eco-friendly, organic eye cream. [ laughter ] ♪ thank you, new budlight peppermint patty hard seltzer for being a good option for people who are tired of putting listerine in their soda stream [ laughter ] oh, maybe i'll - don't knock it, all right? ♪ thank you, quails, for being pigeons that do makeup tutorials on youtube [ laughter ] ♪ thank you, axe murderers, for being the only type of murderer that needs a specialization. [ laughter ] jake here is an axe murderer yeah kyle's more of a knife murderer [ laughter ] he's one of those gun murderers. we are down to the last one. >> awwwww. >> jimmy: sorry, folks, it just has to happen, you know. [ laughter ] ♪ you know, what i'll get here and i'll read my jokes. and i'll just, i want to give you the best thank you notes i possibly can [ laughter ] and that's why, i added this last one because we were only going to do, was it nine? [ laughter ] but no, for you, especially. because you're the best audience ever. you're the best

she's riding her harley davidson motorcycle across the state during this weekend's six-stop campaignnt. the democrat you mentioned theresa greenfield is up in northern iowa today doing some socially distance smaller campaign events. joni ernst is expected here in a matter of hours. you can see some of her supporters behind me. this is a change in what she normally does every year, her roast and ride. this appeals to making everything safer for the coronavirus. but it does kind of feel like the typical campaign events that we typically see. so it is interesting to be back out here. i talked to voters yesterday at her event over in des moines. and i was asking some of the republican supporters what exactly they are looking for when they are choosing between ernst or greenfield. listen to what mary beth told me. >> honesty. i just -- you know, if a person doesn't seem like they are real, why should you vote for them? if there is $100 million being used to put someone in the senate, find out why. >> yeah. >> if they are not a real person, why is all that money having to back them? >> so

different sectors not just in pennsylvania but in other parts of the country, manufacturers like harley davidson they needed to escape the tariffs. he's still popular in the sectors particularly in the coal industry which has been waning as well. he's got a tougher sale. on the fracking issue, he's saying that biden wants to cancel fracking. biden said he's going to restrict it on federal lands but not on private lands and that he wants to transition to alternative energies which is his effort to get those people who are concerned about climate change and methane that's also produced in the fracking process. he's trying to get those votes and the president is trying to continue to sort of hold onto the energy votes that he got in pennsylvania in the last election. arthel: so which approach would be more effective at the end of this election? john: well, we are going to see on election night. i mean, biden is ahead in these states but not by a lot. it's not just the concern of democrats that the polls were wrong in 2016, these are fairly narrow leads, in a couple of cases 5, 6 points but in other

shares in harley davidson are higher.posted better than expected earnings in the third quarter. boostook to cut costs and margins on the revenue base. santander has bounced back. the spanish bank rebounded from its first-ever quarter with a profit that beat estimates. now it resumes paying dividends. dividendsal ban on has proven to be negative for the sector, so i think it is also very difficult to infringe he ate -- to differentiate because you can put a negative perception on some institutions. so what we believe is going to happen is we would allow for a small but general dividend payment for the sector as a whole. ritika: that is your business flash. guy: thank, indeed. a whole bunch of -- thank you very much, indeed. a whole bunch of numbers coming from the corporate banking sector today. we also saw the bank lending survey coming out from the ecb, the quarterly survey that it does. what it is telling us is that it remains very nervous about what is happening in the banking sector. the banks aren't lending money out

when you think of harley—davidson, what you think of? a motorcycle.in. think of ee bikes. they are going green. they have launched the first prototype electric bicycle. it has got white wheels, brown saddle, harks back to its first motorbike. guess when that was? 1906. did you guess that? yes. it is 1903. that is not a bad guess. it is hinted these bikes might be on sale from march. riders will be able to go up to 15 and a half miles an hour. this is the one i was looking for. henry winter. another lovely man. 75 years old today. —— henry winkler. happy birthday if it is your birthday. french president emmanuel macron says the country will never give in, after yesterday's knife attack at a church service in nice, which left three people dead. it was the third terrorist attack in a month, and france has raised its national security alert to the highest level. sarah nedjar is a freelance reporter and was in nice after the attack. good morning to you. tell us a little bit about the situation now in nice and more widely in france? the situation is kind of

i have another one, harley-davidson, that's not doing very well. had a terrific report. . >> yes and no, up 14% and i will get to it, hog, i always love that simple. good news bad news for harley, earnings in the third quarter better than expected coming in at a dollar five per share. revenue was down 10% year-over-year because the motorcycle demands has really struggled to get a foothold since the pandemic lockdown. retail sales in the us down 10% year-over-year. you should know that the milwaukee-based company-- this is interesting-- is not posting growth in retail sales in the us for six years. basically can't find customers beyond the baby boomers, the retired and soon to retire doctors and lawyers who like to take to the open road and get into their inner biker mode. today announced a deal with an indian motorcycle company for distribution of services of harleys-- in india, india is a huge motorbike country. the problem is harleys are too big and they have had a hard time getting a foothold there , but news of the distribution agreement giving the stock a boost to to

next up you got shares of harley-davidson, motor and higher, 9%, 189,000 shares, it blew away consensusefforts to streamline the operations target markets, geographies and better selling prices for new and used bikes 9.5% gains premarket stanley black & decker, down 3%, 16,000 shares of volume, tool maker reported better than expected profits on weaker than expected sales, it did see growth in its tools and storage unit, sales fell in its industrial and securities. so movers there, back over to you. >> okay. good old stanley stanley black & decker never knew him, but great company. thank you. thank you, dom chu final check on the markets, dow now up just 8 points what happened? anyway, good durable goods but it is a long ay. we'll see by 4:00 after that session yesterday, i like your -- i like cocoa the cat, cocoa the kitten i hear you make sure you join us tomorrow "squawk on the street" is next >>> good tuesday morning welcome to "squawk on the street." i'm carl quintanilla with jim cramer and david faber futures are trying to get back some of yesterday's sell-off the worst day for th