on the move the details from those quarters next. >>> and it's not just ibm. back in two. >>> this is "fast money" with melissa lee, right here on cnbc. ref you suck! ref you suck! ref you suck! you blew the game for us! you just cost us the game! ...the worst call in the history of this sport. he should never be allowed to ref... (♪♪) ♪ i tell ya... ♪ (♪♪) ♪ how much i love you, love you, love you ♪ (♪♪) ♪ i believe. ♪ (♪♪) ♪ i believe. ♪ ♪ i believe in you. ♪ it's time to grow your business. create a website. how? godaddy. coding... nah. but all that writing... nope. ai, done, built. let's get to work. create a beautiful website in minutes with godaddy. your business needs a network it can count on... create a beautiful website in minutes even during the unexpected. power's out! -power's out! comcast business has you covered, with wifi backup to help keep you up and running. wifi's up. let's power on! let's power on! -let's power on! it's from the company with 99.9% network reliability. let's power on! power on with the leader in connectivity. stay connected

analysts will want the ceo so quantify how big the enterprise ai opportunity is for ibm.a of concern for analysts is the consulting business after competitor accent sure delivered softer than expected results also we will look to krishna for a brooder look at the economy, the weakness in europe, the potential rebound in china, scott. >> thank you to phil lebeau on tesla. the first of the larger cap nasdaq stocks to report, phil. >> yeah, that's coming up in a couple of minutes. three things that people will be watching for not only with the numbers but also on the conference call a little bit later on with elon musk, first of all, what are the company's auto gross margins x, the zero emission vehicle redits, the expectation it will be somewhere close to 15%, if it's in that reaction i wouldn't expect much reaction from the stock. what do they say about a lower priced model are they close to production where do things stand there? and then what does elon musk say during the conference call the expectation has been he's probably not going to dive into politics, though we sh

the whole notion, and part of this came from the head of research at ibm, who said, ibm is too small to compete with these big guys. now that elon has raised $6 billion we are thinking about, how do we create one that is accessible to university researchers, to academics, students, and businesses? the so-called democratization of ai? also to the extent possible deals with a lot of the bias problems that are natural in any ai database. we know you cannot get all bias out of anything, but going in with an open mind, especially about gender and race bias, will be important. the owner of this act is the national science foundation. sam altman has bragged that gpt-4 was created by scanning all 6 trillion words off of the internet. but you know that all 6 trillion words are not actually true or accurate or healthy, of course. one of the other important bills comes out of all of the deepfakes, and not just political deepfakes, like donald trump hugging anthony fauci or joe biden telling people not to vote in new hampshire. there is one high school teacher in florida who took pictures out of

open in wimbledon, which ibm is a big partner. and basically their gen a.i. match summaries much more than you would get from commentators and the proof point is it generated overall 20% more engagement in the app and the website because people were able to interact with more data and analytics and actual matches so, i thought that was interesting. ibm is a very global company we talked about the different regions and what he's seeing as far as enterprise spend and macro. japan, still a hot spot. china, still a soft spot europe, interestingly, has been remarkably resilient there was growth there in the quarter. and in the u.s., other than the consulting business, it has been strong overall a lot of that obviously driven by a.i. and just this continued strength in technology spending over gdp growth, which continues to be better but the stock had run up, right? it had a great year. it has had a great year. so -- >> highest multiple it's had in quite some time. you can see that consulting obviously when they talk about revenue growth being talk about the revenu

. >>> ibm is out with latest quarterly numbers. we have one to watch in that report coming up >>> for the first time in more than a decade, ibm is outperforming its software peers with shares in record high territory now up 25% just in the past three months. morgan stanley say strong conviction on the street that ibm will be an a.i. beneficiary and topping 1.5 billion last quarter and helping the company's margins profile. however, some critics point to the latest results which suggest companies are not booking as many consulting projects as they did a year ago due in part to uncertainty on the economy and the upcoming election. expect an update when ibm reports earnings after the bell. did you ever worry we wouldn't get to enjoy this? [jeff laughs maniacally] (inner monologue) seriously, i'm on the green and all i can think about is all the green i'm spending on 3 kids in college. with empower, i get all of my financial questions answered. so i don't have to worry. empower. what's next. let's go boys. the way that i approach work,

ibm. let's create. starlight.org. >> thanks for joining us tonight. sean diddy combs remains in a new york city jail on sex trafficking and other charges while he appeals the judge's no bond ruling. a houston law firm is scheduled to hold a press conference tomorrow to present accusations against combs by more than 50 clients. allegedly, men, women and minors. these new accusers joining a widening group with similar horrifying allegations, all denied by the grammy winner. here's my nightline co-anchor, byron pitts. yeah, hold that one. >> the case against sean combs might as well just be called the freak offs. these allegedly illegal freak offs, it's all about the freak offs in one way, shape or form. >> freak offs? freak offs. freak. freak. >> the freak offs sometimes lasted days at a time. >> prosecutors say that these were elaborately produced events bringing lighting in cameras, linens. >> prosecutors said he would during these freak offs, and women had no choice. >> alleged drug fueled, prostitution and a cover up. freak offs, as they're called a

ibm. let's create. vonnie: this is bloomberg markets. it is time for the stock of the hour.ore clouds gathering around spirit airlines. the efforts to restructure have hit a snag after months of talks failed to result in a deal. this is according to people with knowledge of the metal -- on the matter. the share price fell on those news. we are joined by francoise, thank you for joining. exactly what is spirit trying to refinance and how long? francoise: they have been working on the balance sheet since the failure with jetblue. this is because they are trying to refinance 1.5 billion. and those products are based on the value of the loyalty program and customer data and subscription and credit card. this is a little bit difficult to refinance if the company is not able to operate. that is why it has made things more difficult. in the market is nervous. vonnie: if it cannot maintain its partnership with u.s. bank which is its loyalty program and if the bond values are dropping anyway, then why won't the creditors taken eric -- take a haircut? francois: the credit card agreeme

ibm. let's create. (♪) heartburn makes you queasy?ief with new tums+ upset stomach & nausea support, and love food back. (♪) . isn't that our cleaning lady? >> not today. >> you know how when you're living your life, and then all of a sudden, you're out there helping cops >> welcome back. we're turning now to the aftermath of israel's retaliation for the october 7th hamas invasion, the year that's followed. the deadliest for palestinians since 1948. nearly 42,000 losing their lives, according to gaza's hamas run ministry of health. those who survived have done so against a backdrop of unimaginable suffering. here, again, is abc's matt gutman. >> it can be hard to. alive a can say i. katibah al-muhajir or safiyya, but 13 year old leon abu al-ata isn't any other child. >> she's a child of gaza. she and over 2 million other gazans waking up that saturday morning to the sound of all out war. hamas terrorists had begun their slaughter of about 1200 israelis on october 7th. >> though israel didn't start this war. israel will finish it. >> o

we're waiting on tesla and ibm. ahead of the reveal, ibm is up fractionally in the green. wig blue's had -- big blue's had a great 2024. software business has been a point of strength, and right now tesla moving down about 1.9%. tesla has fallen more than 11 percent since october 10th when tesla rolled its autonomous cyber cabs and robo-vans, and skeptical investors have yesterday how long it's going the take before these vehicles hit the road which makes tesla's bread and butter business of making its regular cars all the more important. so we will be watching for delivery numbers. expectation, 465,000 cars delivered in the quarter. that's up from 435,000 same quarter a year ago. maybe, i don't know, ibm if's earnings possibly could help the dow tomorrow, but for now the blue chips are in the drink. down 431 points. low of the session was a loss of 631. but overall, mcdonald's accounts for 100 points of this loss. shares right now are losing. we've got them down 5%, but that's -- i don't know, $299, that's about $10 or 9 better than the dive they took this morning to $290

ibm.eat music ♪ ♪ ♪ now. >> it's necessary to share your sadness. >> people keep asking me, are you 100% ready? but i'm not really. >> don't pressure yourself. when you are ready, let your heart decide . >> welcome back! we are joined now by our abc powerhouse roundtable. former dnc chair donna brazile and former rnc chair and trump chief of staff reince priebus. thank you both for being here. donna, i got to start with you. this debate struck me as different from most of this campaign. this was cordial. they were civil to each other. they complimented each other and particularly walls seemed to pull his punches. were you surprised by that? i'm sensing some democrats a little disappointed. maybe that he did a little bit too much of pulling of the punches. >> no. look, i mean, as you well know, vice presidential candidates rarely move the needle. less than 5% of the american people will will likely change their vote or even decide to vote based on watching this debate tonight. but, you know

ibm. let's create. joanne: former president donald trump set down with bloomberg editor in chief own tuesday for a wide ranging interview focused "on the economy," his support of tariffs, his views on the federal reserve, and future of tech regulation. here's what had he to say about the potential breakup of google. >> google has a lot of power. they are very bad to me. they only have bad -- if i have 20 good stories and 20 bad stories, everyone's entitled to that, you'll only see the 20 bad stories. and i called the head of google the other day and i said, i'm getting a lot of good stories lately, you don't find them in google. i think it's a rigged deal. i think googlele is rigged just like our government. >> you would break them up? >> i'd do something. you have to have -- i give them credit. they have become such a power. such a power. you got to give them credit for that. how they became a power is really the discussion. at the same time it's a very dangerous thing. we want to have great companies.

not to mention tesla, tesla's big one and by the way ibm close to a record ups union pacific american airlines, honeywell they flush out the rest of this week, this could be the reason they ducked into a cave, the ten year yield lasted power .1% for the first time since july, right now were .184. while were added look at the two-year the two-year mears federal reserve policy it is about 4% at 4.03, we are two weeks away, two weeks a day away from the start of the fed meeting from the big moment there, the fed meeting for november the market has lost more confidence at the rate cut cycle is still as strongly and play and they see the odds of no interest-rate move on november 6 at 15%, just on friday they stood at 10% keep in mind if the fed were to pause it would only be because that they're worried because economy is so strong in the labor department of labor pictures so strong it could reignite inflation what is it mean for your portfolio, let's get to the floor show kenny polcari and alan napping, you talk about shocks you and lori logan the dallas fed president saying that we could

trim meta, trim nvidia and look at ibm i know it's boring but that's a cloud, $200 billion don't wantt small cap but compared to nvidia you see value there. the cloud is producing they spend about $7 billion in all the 15 companies they bought at ibm but $2 billion in profits and paolo you have to measure the ai theme hand in hand with cyber security palo alto i know has been a laggard when you look at a chart of the high screaming beta names you see palo alto have upside capabilities >> zuckerberg became the second richest. >> he did. not throwing shade on the hoodie. >> you wonder if it's the thing of having fewer things that work really well and kind of sitting on them? >> it is but also transition. i want to see i think a lot of older people i hit 50, so here i am and i don't consider it old but the facebook users i know and instagram is a piece my teenagers utilize, important to understand, will they transition into revenue and have the ability to take all that capital expenditure and make it happen very different story like ibm. it's a small scale, one tenth the size, but right

by the way, both ibm rain goldman sachs at records. big blue touching ab intraday high, goldman sachs as well, up just under 1%. apple's right up there with the winners with a decent gain of 1.6%. ever corp. pounding the table on apple. so what is not working today? caterpillar and boeing. go right to the bottom, and you can see they are at that bottom there. investors are selling caterpillar because morgan stanley basically told them to. the bears are tearing at the heavy machinery maker after morgan stanley downgraded the stocker analysts worried cat has reached peak earnings. and after a 3 33% runup, shares could be ready to take a breather. cat is down 22%. and the bad -- 2%. boeing is down $8.35 or more than 22 if after the embattled air are prospace giant said it's going to cut 17,000 jobs. that equals 10 percent of its work force, further delay the launch of the 777x, and they issued a profit warning as the machinist strike drags on. bond market's closed percent if holiday, but with stocks raring to go, so is the floor show and

quick on ibm. they laid an egg recently in the earnings report. like it. >> i do likics bm. it solves that really -- like ibm. it solves that issue of taking generative a.i. and putting it into enterprise solutions. we have to think about health care and even the financialings. we need something that focuses on those natural language molds of that have compliance guardrails that can utilize your data, and that's one of the bigger headwinds that i see. and ibm, of course, is a solution to that because it's going to add those guardrail, those implications that you need from an enterprise perspective in highly regulatory, concentrated verticals like health care and financials. so even though they doesn't -- they had mixed earnings results, that was due more to the consulting and infrastructure, they're software broad-based. charles: great stuff. southwest a ca, thank you so much. augusts appreciate you. thank you. >>> all right, folks, we've got a guest who says he's got a potential meme stock grand slam. now, i want to let you know, this is the not

stuart: would you touch ibm with a 10-foot pole?ee is u e bm if split if it. -- ip -- ibm. there's some software, there's consulting, there's the old mainframe business, cloud business, a.i. business. pratt those into separate parts so we can put a separate value on each. split them up and you unlock -- stuart: it's not in your portfolio at the moment? >> it's not, no. stuart: all right. earnings reports came out before the bell, ups. >> how is this company doing? they're doing great. they're up 10%. they said we're nearing a 3-month high, revenue is beating expectations. they said peak season is upon us, and we are ready to deliver for this holiday season. get those packages in the mail. stuart: yeah, but that's an economic indicator. >> it is. stuart: at this stage, when the shippers are doing well, that's an economic indicator. a good economic indicator. southwest airlines. >> also better than expected profit. and interesting though, the shares are down, but we are thinking the battle with activist investor elliott management is

honeywell which is down about 5% coughed up a termid full year sales forecast while ibm showed stellar growth of software in 9.7% reported weakness in its consulting business so that stock is down six and two-thirds percent and i did speak with arvind krishna about that issue, and steered shares 32% higher year-to-date but consulting revenues came in at the low end of the expectations and that's being kind. he said macro uncertainty pretty much has cfo's trimming costs anywhere they can find them and often, third-party labor is the first thing to go. that said, he told me ibm will simply shift some employees to consulting projects unique had to a.i. that's an area within consulting still hot. let's get to the s&p 500. it's having a better day than yesterday, same with the nasdaq and again that has a lot to do with earnings specifically tesla. shares of the ev maker are soaring at this hour, in fact, they are up the most in three-years. 21 and one-third percent not just on a profit beat and the fact that the cyber truck generated profit for the very first time, but on an incredibly brig

ibm confirmed the letter is authentic. warner bros.iscovery's max is planning a major debut across asian markets as competitors are scaling back investment in the region. max launched in japan three partnership with a local streaming platform and plans to launch in australia next year. bloomberg has learned humans were remotely controlling some of tesla's robot prototypes at its recent showcase. elon musk told the crowd the androids would be the biggest product ever but did not disclose that they had human helpers on the night. the event was intended to generate investor bus for upcoming products, principally a robotaxi. what we reported in the store yesterday and what sources told me is this was kind of classic elon. three weeks before the event, he went to the optimist team and said i want optimist at the event and they said we do not have time to get the software ready. tele operation is our only option. and now we know it was what was happening. max: it does undercut the impact of the event and the way people reacted to it. looking

ibm. let's create. haslinda: mcdonald's is in focus after the u.s.inked its hamburgers to an e. coli outbreak. avril hong joins me now with more. this is bad news. what do we know? avril: we've heard how dozens have fallen sick and one person has died. we know how the cdc is telling us it might take a while before the full extent of the outbreak can be known because there might have been some that recovered without even being tested and the locations that are worst affected are in colorado as well as nebraska. four mcdonald's, what it is saying so far as it seems they have narrowed it to one supplier of its onions. it has pulled off the menu it's quarter pounder. have a listen. >> the decision to do this is not one we take lightly and it was made in close consultation with the cdc. it is important to know that the majority of states in the majority of menu items are not affect. other beef products at mcdonald's including the cheeseburger, hamburger, big mac, and a double cheeseburger, are not impacted. avril: so comments from the chief of mcdonald's

ibm. let's create.ine: sap shares jumping to a record after the company announced in increase in cloud revenue. the company ceo -- cfo dominik asam spoke with bloomberg earlier. >> if you adjust for currency fluctuation of 27% and by now more cloud revenues, by now more than any other source of revenue, we can say after four years our strategy is paying off. if you look at the composition, 84% of the cloud revenue is generated by the core cloud offering of s.a.p.. that has grown 36% and that is the 11th quarter where that growth has exceeded the 30% growth market, so that is the core engine powering our growth. what is better, the backlog, which is the 12 months ahead committed subscription is flooring at 29%, so there's visibility on growth lying ahead. >> when it comes to market cap, the stock is up 50% year to date, so you can take something of a victory lap on that front. the market cap is up about 100 billion euros since this time last year. it means on your list you are bumping against the 15% cap

honeywell and ibm.about those stories at the top of the next. >> ibm is the biggest weight on the dow. off 5 p. >>> it is time for a special edition of the cnbc all-america survey it looks at the presidential election from the national perspective and combines the seven critical battleground states steve liesman is here with the details. >> good morning, becky this is a unique look at the election with the all-america survey, it doesn't show how you slice it, a statistical dead heat with favors on trump and character and keeping harris toe-to-toe with the former president. we showed trump up by two points 48% to 46% same as the august survey and both within the 3.1% margin of error. in the seven battleground states, where the sample is smaller, it is a 4% margin of error. congressional preferential, control is 48% republican. 44% democrat that is unchanged again from august despite all of the money spent. division of the top line with race, gender and education let's go through these here. college grads

ibm. let's create. susan: where am i headed? am i just gonna take what the markets gives me? no.rch. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management sonali: i'm sonali basak, to our viewers real wide comp -- worldwide, "bloomberg real yield " starts right now. coming up, attainment ppi print rings investor somemf

ibm. let's create. >> this is a first look inside the world's first humanoid robot assembly plant.e agility robotics will have a -- and is designed to work at first at warehouses including amazon. factories on former agricultural land on the outside of oregon's capital. jonathan hearst provides -- and of course there is amazon warehouse nearby. the first design was in a pod called thumper. sophisticated spots with arms for sensors. simulate stacking tote bins and listing them on conveyor belts. one digit tried to place a stack of bins on top of another but was off by a small margin. they paused and watched as the software tried to work out what to do and gave up. the communication system at first agility didn't put heads on the robots print they started with the goal of building the that moving human spaces. the first digit model started with lifting totes and they are adding other devices. they will be able to churn out 10,000 robots a year. they are still document and assembly processes figuring out which tools should go where. the first robot assembled here will be completed som

wall street picks up the pace as tesla and ibm headline a busy week for corporate america. we have dan ives here with his take. >>> and holding on for the longest win streak in nearly a year. >>> activist alert. outspoken investors making their voices heard and moving a number of stocks ahead of the open. >>> boeing makes inroads to the month-long strike and china has another round of stimulus measures. it is21st, 2024. you are watching "worldwide exchange" here on cnbc. good monday morning. i'm frank holland. hope you had a great weekend. now it is time to get to business. taking a look. a mixed picture. the dow down fractionally. the s&p up. the nasdaq down fra fractionall. you can see the moves right here. we also want to look at the bond market with the 20-and 30-year yields. we start with the benchmark. it ticked up a few basis points since last week. 4.11. the two-year still below 4%. the long bond at 4.41 on the yield. energy, specifically oil at a three-week low in the worst week in a year. we are seeing a bounceback. wti up 1.5%. brent crude 1.25%. we want to talk

ibm. let's create.ali: this is bloomberg markets and i am sonali bostick -- bassak, and now it is time for monday undercover. and now we talk about alternatives facing investments. at the bloomberg rela tour -- regulatory forum the sec, vote -- voice concerns boyd --. they warned about a lack of transparency as the market has ballooned in size but interest rates have remained high. we are joined by barrings head of consumer acs. you think about all these rising warnings and this is because they do not have oversight over the system. when you think about what is being done outside of the purview, what is working and what is of concern? yulia: the most concerning area is the emergence of new asset types as it pertains to collateral and when you say asset-based financed it means different things to different people. historically it has been a plane market dominated by credit like auto loans and credit card receivables. over the last decade it has evolved to more esoteric types of lending. and it involves t

we dig into the results and a very different story for ibm details on what is sending shares lower downwe have much more when "worldwide exchange" returns stay with us when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's your free, just for calling the number on your screen. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free. and there's no obligation. you see, medicare covers only about 80% of your part b medical expenses. the rest is up to you. that's why so many people purchase medicare supplement insurance plans like those offered by humana. they're designed to help you save money and pay some of the costs medicare doesn't. depending on the medicare supplement plan you select, you could have no deductibles

google has intel i'm sorry, ibm has crucial design centers. many of our leading medical technologies astrazeneca, all of the various were invented and israel largely. sdi i was a great advocate i actually showed ronald reagan his first microchip and said this would enable strategic defense to intercept missiles as they came in. u.s. never really developedto s. there was too much democracy. israelis were partners from the beginning. then they created iron dome and david sling and really the strategic defense of vindication of reagan's vision. intersecting missiles from iran and the current war in the middle east.t. see what in fact to write that when it comes to that issue should ever occur and all out missile attack against the u.s., israeli technology will be the reason we will likely survive. george you say the israel test is also a book about philosophy. what do you mean? >> might favorite chat there probably and jon was the originator of information theory. he was also the key figures in the manhattan project. which date america during the

an google has this intel i'm sorry ibm has a crucial design centers in israel. in many of our leading medical technologies. pfizer, astrazeneca, all of the various were invented in israel largely. i was a great advocate of sdi. i actually showed ronald reagan his first in microchip and said this would enable strategic to intercept missiles as they came in. but the u.s. never really developed there is too much bureaucracy. the israelis were partners from the beginning. they were the only partners and then they created the iron dome. and david sling and arrow three the strategic defense of vindication of reagan's vision intercepting missiles from iran and the current war in the middle east. >> host: and factory right when it comes to that issue if that should ever occur in all out missile attack against the u.s., israel technology will be the reason we likely survive. >> host: george gilder you said the israel test is also book about philosophy. what do you mean? >> guest: my favorite chapter probably is on jon vannoy men. jon vannoy men was the originator of info

. >> what is the message to ibm. >> israel may launch population into a banana are you comfortable with> i'm more aware and uncomfortable with them stopping we should have a cease-fire now. >> more calls from a cease-fire from joe biden heritage foundation vice president of national security and foreign policy in deputy national security adviser under president trump victoria coates back with us, thank you very much for being here, your reaction to all that's transpired in the last 48 hours. >> it to see you listening to the president the vice president saying don't over again and see what happened yesterday in israel is farcical and the reality last april the first time they iranians directly attacked israel from iran not to one of their proxies, the first time that happened what the prime minister said to benjamin netanyahu take the wind don't respond don't hit back in what that did it normalize this it made it okay for iran to israel that's what they did yesterday thank heavens aero three worked the triple layer missile defense system that we developed with the israelis as i said tha

ibm. let's create. not spreadsheets... you need to hire. i need indeed. indeed you do.atching platform lets you spend less time searching and more time connecting with candidates. visit indeed.com/hire caroline: time for "talking tech." it's official, the eu is investigating an e-commerce platform for potentially violating the digital services act. the commission says the company is not doing enough to combat sales of illegal products on its site. one must -- elon musk was sued by the philadelphia district attorney for his political action committee's sweepstakes targeting swing state voters. the da is asking a court to stop musk from engaging in what because unlawful lottery. peloton has tqapped afford executive as its new ceo. it hired stern last year to run a new the creator technology-focused division of the automaker. ed: doordash is topped wall street expectations in a nearly every key metric this earnings season, seeing its first quarterly operating profit since the start of the pandemic, generating $107 million in operating income. it's a story about a platform

i'm less troubled about seeing ibm down 6%. okay, they have come back nicely on the year, up 32%. again, servicenow. performing well. part of the ai story you want to insure that as we move through this earnings season that the ai thesis, which has been such a remarkable catalyst for the market and for earnings themselves, you want to make sure that it's just good enough to keep this secular bull market steady and on its direct trend. >> marcie, you are pretty broadly bullish if i could suggest that aside from your obvious, you know, being overweight equities at large, utilities, health care, discretionary, financials, core themes ai, infrastructure, data centers, security, maybe you're talking about cybersecurity. you tell me. >> yeah, those are our themes looking ahead. one thing i'll point out for everybody to think about is the parallels to what we're going through in the market right now to 1995, the last time the fed pulled off a soft landing. if you look, technology wads the market leadership heading into the first fed cut, but financials emerged as leadership coming out i

we raised $100 million for quantum computing research from ibm and google. there is carnegie mellon, university of washington in seattle. both of those are $55 million to $60 million. also education and training among 10 universities on top of that for engineering in the semiconductor space. that is a huge benefit to the alliance, the people to people peace. i am trying to be quick, what we are doing on space together. also what naming the new scholarship that will have high school students go spend a year living across. i do think this is important and i will close on this. i started my clinical career living in arkansas, national political career. i was writing ads for bill clinton attacking japan so we could run them in the midwest market in 1992. you can't do that today in the united states. japan is the fourth most popular country and alliance partner in the united states based on polling in the united states. when you look at the soft power of baseball, anime -- every university and college has anime. you laugh but it has made japan a different country

apple, microsoft and ibm all of them on the downside, got it. >>> workers at east coast and gulf portsa hu in newark, new jersey. you're on the picket lines, i should say. what are the workers telling you? >> reporter: yeah. hey there, stuart. they tell me that the will be why they are striking is that -- the reason why they are striking is that their wages are not keeping up with the cost of living. they're worried about inflation, and they're looking around and seeing the record contracts that unions are scoring for workers eye -- across the country, and they're also looking at the major big bucks, the billions of dollars that the sheping companies have been making in -- shipping companies have been making in recent years using the very ports where these workers work. and they want a slice of that. you can see here hundreds of union workers bath gathered here to picket today. the port tells us they're prepared for upwards of 5,000 workers to join them. i had a chance to talk to the president of the international longshoremen's association earlier, harold dagget, i asked hims what is

hey, i purchased ibm many years ago for their dividend. but after they purchased red hat they significantly energized their growth. my specific question is "quantum data centers in the u.s. and germany and their ai order book growing should this continue to be a long-term hold after rising 62% and achieving a new high yesterday? >> it yields about 3. say i wanted to buy 100 shares of ibm over the course of the next year. i would buy 25 and then let it come back down because it's had pretty much of a parabolic move. but i would be a buyer of this move. i think arvin krishna's doing a remarkable job. let's go to sharon in minnesota. sharon. >> caller: hey, jim, how are you today? >> i am good, sharon, beautiful day in no, happy to be around. what's happening? >> caller: it's beautiful here too in minnesota. so my question is what do you think about affirm in terms of whether it's a buy here? >> sure, sharon, i've got to tell you this is a great question because a lot of people feel it's related to rates. i think it's related to honest abilit

ibm if's been coming on as a quasi-a.i. play. they're catching up.y've been way behind and, of course, broad comecom, they're -- broadcom, they're getting a little hammered today to. why do you like these at this particular moment? >> ibmshowed up as a neglected stock on our screen ises a couple of months ago. and if you think about it, i've been in business for a long time, when i first got into this business over 35 years ago, ibm was the big main mainframe, you know, computer hardware. as you said, they've transitioned to more services and software and so forth. and, you know, it still represents a relatively attractive stock. if broadcom, on the other hand, is high growth, high momentum. charles: right. >> you know, along with nvidia, you know, they've been at the forefront of these high-level chips. unlike nvidia though they've brought, they've diversifieded themselves by purchasing vmware a couple years ago, and that helps them diversify their business into software too. charles: full disclosure, right, these are volatile. if hey, i've got abou

i mean sorry, ibm has crucial designs centers in israel. it's it's just and you know, many of our leading medical technologies from pfizer, astrazeneca, you know, all the various. all are were invented in israel largely. and sdi i was a great advocate of. sdi actually showed ronald reagan, his first microchip and said this would enable of strategic defense to intercept missiles as they in. but the us never really developed sdi is too much bureaucracy, but the israelis were a partner, was in sdi from the beginning. they were the only partners and then they created iron dome and sling and arrow three, the really the strategic defense, a vindication of reagan's vision, of intercept the missiles from iran and the current war in the middle east. and in fact, you write, when it comes to that issue, if there should ever occur an all out missile attack against the us, israeli technology will be the reason we will likely survive. no, that's george gilder you say that the israelis is also a book about philosophy. what do you mean? well, my my favorit

lotus, the competing ibm product. and so they would set up the ibm, the microsoft, so that the competitors would work as well on their operating systems. and gates takes he takes a very hard charged approach to not only business and pushing out his competitors, but also to government. and when governments to look into his business, he's all in fight. and it doesn't necessarily work for him because the the not business is, as he says, faster than government. but it's not bigger and it's not stronger than government. i think gates of 1980s is a very different than the gates we know of today. most ceos are humans too. they don't just have our virtues they also have all of our faults. and that can include giving to temptations for easy from possibly unethical sources. another theme that jumped out at me a lot of our work at cei focuses formal institutions and institutions. think of those the rules of the game. the way the regulatory process is structured, the separation of powers, or the way our system is built. those are

follow and her mothers artistic footsteps so much i look at the, the doing my secondary schooling, ibm reading newspapers. and of course, because phones in the back page on the quotes, which was the newspaper i added every day, the billboard seats amelia was the sole woman in the club of at least 12 cartoonist whose work was published in newspapers right across the occupied west bank and gaza, a wonderful myers cartoons prompted a backlash when she depicted them is rarely prime minister. ariel sharon, as a boastful politician, oblivious to dead is rarely soldiers standing decapitated behind him. the newspaper elders solid printed amelia as cartoon. the next day israel bombed over selling newspapers. while badly damaged over sell, it began printing again into my a continued to be one of the featured cartoonist. for the 1st day of ramadan in 2008, she depicted the bloody hemisphere split. she drew a palestinian mother on her balcony, praying to have him that her children might eat their ramadan meals at the same table together. again. you will then proceed. um. unfortunately, we are livi

lotus, the competing ibm product. and so they would set up the ibm, the microsoft, so that the competitors would work as well on their operating systems. and gates takes he takes a very hard charged approach to not only business and pushing out his competitors, but also to government. and when governments to look into his business, he's all in fight. and it doesn't necessarily work for him because the the not business is, as he says, faster than government. but it's not bigger and it's not stronger than government. i think gates of 1980s is a very different than the gates we know of today. most ceos are humans too. they don't just have our virtues they also have all of our faults. and that can include giving to temptations for easy from possibly unethical sources. another theme that jumped out at me a lot of our work at cei focuses formal institutions and institutions. think of those the rules of the game. the way the regulatory process is structured, the separation of powers, or the way our system is built. those are

ibm. let's create. jonathan: earnings season underway.ssion highs but still firmer by one will percentage point. everywhere you look on this business the earnings we got an hour ago. lisa: i was looking at things like headcount. up to percent year-over-year. a scope of helping big the company is. 316,000 employees. that gives perspective. $92.5 billion of net interest income. pretty phenomenal numbers. a lot of focus will be paid to the lookahead. that is what i'm most interested to hear in terms of the analyst calls. what pipelines are they looking at? what expectation for businesses? the lack of visibility is what came out to me when it comes to some of the credit cost build , commentary out of the c-suite. jonathan: one of the biggest private employers in new york city. equity futures little soft. down .1% on the s&p 500. the rush to rebuild. >> you will have all them saying hi mage doubt. -- i am aged out. there are people lined up around the corner that will buy back in those coastal communities. they will build up. bill to the highe

gen ai cannibalization wrote large at ibm.have finished, thank you as always. on the 10 year, 4.19 just north of 4%. finance bounce in the equity market following three days of losses on the s&p 500. a nest egg up a close to .9%. under surveillance, boeing factory workers, 64% of union members casting ballots voting against the deal with pensions remaining a key sticking point. the stock is down 3.8%. i have to note the surprise from the analyst community who thought that we would get a deal yesterday afternoon. annmarie: george from bloomberg industries said he thought he gets this done. you have higher wages, $7,000 signing bonus. the only silver lining that i could see now is that in september the vote for no was an overwhelmingly 94% of workers and now it is 64%. they need to get to 50%. does boeing go to 40%? that is what they're asking for. jonathan: the stock is down by close to 4% in the premarket. southwest is reporting third quarter profits that nearly doubled estimates on wall street . american is delivering a beat

ibm off 6%, worst day since april. a slowdown in consulting revenue after the bell wednesday. software rose 9%. the ceo told me clients are facing headwinds. that should ease in the next 12 months. also talked about ai demand but the enterprise development is being held back by costs and insuring data and security is ready. here is what he said about optimism for next year. ed: coming up, elon musk's impact on politics, next. ♪ caroline: other earnings. shares moving higher for t-mobile, service now at record highs on the back of t-mobile seeing strong results. they beat expectations and are raising full year subs. this is a story of ai as well. strong results after the bell. third quarter beat. pretty strong outlook. ed: elon musk's online presence ahead of the u.s. election. according to bloomberg, he's been spreading debunked theories about undocumented voters swaying the uxo left and -- the u.s. election, making him the biggest promoter of anti-immigrant conspiracies on x, the platform he owns. sarah frier, this was a team effort of journalists and data experts but the bes

so suddenly, the member 10, the, the says, it's called the, the, the ibm operation in lebanon, will be, quote, limited, as a, as well as this 5 bits. i want to take am, seriously the solutions, but it is the, give me the ground. a, you know, in case and they use right. and hes, and you know, if i have behaves like a young guy who knows that he has be glad us and can go down to helping anybody. and never knowing that they have the eclipse so called us on mary tiles, pertain and, and the whole deal will be union. so these rose up at type 4 more knowing that teachers, unlimited support, it has more limits. and then by the time that done with the button on it, the most cost which they are forming on any other d a were also to print out. so i think for as long as the americans can, you know, uh, hold the rest of the words in terms of the, the ease, riley eh, a student conflict, this concept. and it is um, quoted to you to x, you know, with cub somebody to infinity. and nobody will believe that day to day. and cajun is intended to lead me to just to the other channel that incidents into know