. >>> meanwhile, markets turning around in the third hour of trading currently down up 24 hoints. and nasdaq fractionally higher as well. more "squawk alley" up next. >>> a busy day in the markets, which are in positive territory after losing some ground after a surprise build in crude inventories that hit at 10:30 a.m. eastern time. mike, we are going to have a busy afternoon of earnings that we'll be watching. tesla, street expects a loss of 1.15 per share. particularly notable, the cash burn. >> absolutely. >> expectations. >> cash burn and adjustments to their production expectations which is always what you fixate on. of course, we have a little matter of a proposed merger with solar city. >> slight merger. of course, the company usually goes out on a limb on earnings calls and gives projections. analysts looking for that. and square, stocks down 21% this year, still above the ipo price. not saying much. the stock sold up heavily soon as the earnings call begins and investors worked through it. people will be asking ceo jack dorsey about the move, and twitter today, sharp int