having listened to these going back to the hackett area, different with jim farley, night and day. he said we have weaknesses and this is what we are going to address. there is a clear plan for wall street it is night and day in terms of the tone of the call itself. >> phil, thank you phil lee beau in chicago >> should ford get rerated with the new ceo? >> that's great reporting by phil because i think he is hitting on key things especially with the newly designed f-150 which is the most profitable model of any car in north america by any auto maker. and the ford bronco, which is probably a 2022 story. it's very exciting the fact they are doing their best in european operations, and really doing their best to get out of them. the year over year third quarter revenue was something that was not expected to be positive. it was up 3% >> coming up, a lot more earnings coming our way. power traders are setting up for those megareports. and one big rkwahemaettcr says we are entering into a perfect storm. we will explain when we come back >>> welcome back to "fast money. if you are just jo

jim farley, the new ceo, i think he's doing a great job he likes cars and trucks and he does not likelose money. ford's quarter sales down just 9% this was their best quarter for pickup trucks since 2005 how about ge this is as tough one the climb of ge has taken for decades. it still had a $30 stop. now it is below 7. acquiring baker use and big player in the oil service, horrible financial deals that were made that nobody really understood either. it turned out ge written idiotic long-term - but, it was not his mess he discovered more problems a larry culp, he's the ceo of gander by the beginning of this year, culp turned it around but then covid put the stop on hold since then the stock had a couple of rallies and the past few weeks it started moving up again. i do think this time is better air travel is slowly but surely. contrary to popular opinion, very few people seemed to catch covid on planes and airports ventilates a ventilations are good and people wear masks put it simply, ge is a recovery play if you think we'll get a vaccine sooner or later, this stock may pass forward o

. >> jimmy car-car, that's what they call him growing up, jim farley, he crossed the country in a fordas 14, breok a lot of rules when he did that, yesterday he broke a lot of rules in the book, by reporting a number that was great, number one, but two, no if it was this and that -- no, f 150, can't stock it, out of control, love, ev coming, the bronco coming, selling all the -- only selling the good vehicles now. and then, david, a determination, this is quite different from ford, he wants to make money >> right you said that. >> it is rather radical. you listen to him, it sounds look a lot of other companies. he's talking about sass. software is a service, david this thing -- this was such a great quarter. and what did he do, beat himself up, weren't there yet, don't have the right cars, the warranties are too high. this is a blessing this man is a blessing grandfather worked for ford. at the big plant and he's a ford guy all the way. he loves the mustang, they have a new mustang coming out, very excited about the bronco compared to the jeep the f 150 is -- maybe -- talking about may

the city for the suburbs or whatever they call these days i bet the first of many by new ceo and jim farley, he's not going to tout, he knows it is too early. i want to buy my wife an f-150 for her birthday because sharing is caring. hey, we got tesla. that stock is way down 55 points. now of course you don't have to do anything. that's always an option. you can sit down and wait. at which point you want to sell some stocks or raise capital for the next beat down you want to be psychological prepared for days like today the market froze the sales from you. too much chance you will end up buying the wrong thing please, if you are worried that stocks will keep on getting hammered and be ready -- i am scared and i don't know what to do by the way, i will keep you on top of all these bull markets so you know you are not alone jim in florida, jim. >> jim, i have been watching your show since your days of larry kudlow since 2005. i love your style of education and entertainment. >> thank you, man, thank you very much. a long day, i need that. >> well, i just wonder where do you get all your energ

jim farley took over on october 1. shares up 6.5% and service now, rounding out our trifecta of higher moves today, as the business software maker posted third quarter revenues that edged past estimates. service now disclosing that it has more than 1,000 customers with more than $1 million in annual contract revenue. those shares up 2.5% >>> a rough few days for the dow, losing over 1800 points just since friday. as you can see here, those point moves modest on friday, but have kind of accelerated throughout the course of this week. and here we are at thursday, what will come next? virus closures and recovery concerns putting the indexes on pace for its first month since march. all of this comes as the busiest day for earnings, about 40% of the s&p 500 has already reported and earnings are down almost 15% compared to the same time last year you can kind of see the moves here and revenues by the way down about 3.5% versus the same quarter one year ago joining me now is sandy villery. great to have you. we showed the sta

absolute worst house in a really good neighborhood, you're really making a bet that the new ceo jim farleycompany to lose money all over the globe out of some misguided sense that ford needs to be everywhere farley's a car guy if the ford family tries to force him to lose money, i think he'll leave. i think he's embarrassed as everyone else that the stock's so low, although it did get to over $8 today. now it's almost $1 over where i first started recommending it. me, i call ford a flyer, like in bull market fantasy. i like a good flyer, especially in this bull market. i like to say there is always a bull market somewhere and i promise find it here for you >>> i'm shepard smith on cnbc. and this is the news stage set, and mics ready to mute tonight, who has the most to gain, and what might look a little different in this final presidential debate. >>> it is getting worse, and worse. >> historic wildfires. flames explode in colorado 6,000 acres burning every hour an entire town forced to evacuate. >> we are not going to tolerate foreign interference in our elections. >> election securi

the car maker's new chief executive, jim farley, said the company was on a good track after a difficultlmost 50% rise in third—quarter net profits, compared to a year ago, but, it expects profits to fall in the current quarter. let's go to our asia business hub where sharanjit leyl is following the story. whenever you mention samsung you know you are dealing with a large part of the south korean economy so this really matters? it does matter, absolutely, david, and got this big boost really for a series of 1—off reasons and isn't expecting these gains to last so i should put a caveat on the games. basically it chalked up a profit of over $8 billion in the third quarter, is highest in two years, many thanks to a 50%jump in in two years, many thanks to a 50% jump in smartphone sales but samsung we know makes microchips and its profits from that part of the business has also rocketed but what's interesting is that it's fine sales have mainly been boosted by us sanctions against its chinese rival, huawei. samsung has been able to eat into huawei market share and the restrictions are been hi

he replaces tim stone, the ceo, jim farley promising urgency in turning ford around.ic, more affordable vehicles. particularly more affordable autonomous vehicles. on software services. they produce recurring revenue streams. ford shares, look at them. that is the year-to-date. they're down 28% this year. they're competing with tesla and others. they really have to up their electric and their autonomous game. stuart: just can't get the stock out of the 6 todollar range. where tessa soars, ford down there at 6 or $7 a share. susan: tesla is a different company. not just the cars. battery technology and self-driving. stuart: what a contrast. tesla, i think of them as a car company. >> 10% of ford sales multiples more. connell: what a contrast. congresswoman alexandria ocasio-cortez taking aim at palantir. turns out she didn't want them to go public. more on that for you. hollywood celebrities pushing to turn texas blue. calling on their fans to donate to democrats. is that going to work? i will ask a texas congressman kevin brady, to be precise. show still to come, "fox

management, depleted pickup inventory reminds us of things you have been saying the last couple weeks >> jim farleyeo whom i've met and know he's a car guy which helps because the other guy was a steel cabinet guy. i mean, david, i never felt that that jived but the great thing about this is that they don't want to lose money any more i know that sounds like, wait, are you kidding me what company wants to lose money. but by getting rid of a lot of stuff that loses money and a lot of countries that lose money and focus on the f series tail wind and i always measure the f series, the trucks, by how much they cost used of which they are very expensive they hold their value. i come back and i say, you know what, this one is going to ten ford is going to ten, david. it's ford versus ge. i'm talking about that tonight >> ge. >> who will get to ten first >> it was a $10 recommendation on friday. >> i may have to spot larry a couple pennies there but i like that. who's starring in ford versus gm >> i don't be. >> hopefully matt damon. love matt damon. >> farley is matt damon. and who is larry >> i haven't

that's the goal that jim farley has set as the company names a new cfo today.time a few signs of progress on another stimulus bill that pretty much everyone agrees is necessary, but nothing concrete yet of course, nothing is guaranteed over to ylan mui with the very latest from washington. >> reporter: you're right, andrew no deal yet. they are still talking, according to a person familiar with the plan, treasury secretary is offering a package worth $1.6 trillion and that includes $250 billion in state and local aid and $4 h00 a weekn enhanced unemployment benefits that is less than what democrats had said they would accept so it's unclear if they would be willing to move forward with those numbers. in addition, there would also be $150 billion for education $75 billion for testing and tracing. 60 billion in rental and mortgage assistance and $15 billion in food aid. mnuchin and house speaker pelosi met yesterday at her office for roughly an hour and a half they were supposed to speak again last night in a statement, pelosi described their conversation as exte

we know that ford announced the new ceo, jim farley.hich benchmark is very enthused by. look at ford down 22% this year. gm lower by 12%. big underperformers. look at the outperformer, yes, i don't need to tell you who is the outperformer this year up 400%. get this, research house this weekend said tesla could be worth a trillion dollars by 2025. that is 2 1/2 times current market cap. remember the analyst on friday who said tesla could be the biggest carmaker by sales by end of this decade. tesla sales 10% of what ford and gm sells. stuart: amazing how wall street, establishment wall street, put it like that, has turned around and taking a fresh look at tesla, as the preeminent car company in the world. susan: not just a car company. people see it as technology company when it comes to advanced tech, self-driving, much more than the four wheels on the roads. stuart: not to mention space and tunneling. susan: that is not part of tesla per se. part of elon musk stratosphere. stuart: when you think of musk, that is what you have to add i

is the cornerstone of the new ceo jim farley's vision of delivering for business customers so they arein technology, investing in business opportunities and producing cars and trucks that americans want to buy. stuart: let's move on to tapestry. kate spade, how is that doing? lauren: at eight and a half percent. they are discounting less meaning their margins are stronger, their prices were up an average 5% in the quarter. how is this working right now in this environment? they use data, we all talk about data to figure out which customers will pay what four bags and boots and their stocks accordingly. also in china they saw double-digit sales growth. stuart: thank you very much. look at that, now that is a surge of 34%. i presume they had a blowout earnings report. i would call them a pandemic winner. susan: they have been. the stocks as you see says it all from strong revenue comes from prophet in the third quarter. stock price is being rewarded in the company saw an increase in spending from advertisers because they boycotted facebook. remember that? a thousand advertisers left face