we'll see you tomorrow dow future is up 200 you are welcome joe kernen "squawk box" is next and ballotsy day, all across america, we'll keep delivering for you. every day, all across america, so you're a small bor a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >>> good morning futures pointing to more gains about half of today's boost comes from nike. retailer reported better than expected results with eye-popping numbers. tesla shares are slumping after the big announcement on long-term innovations. we have a roundup of everything we've learned from an industry analyst. "squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc i'm becky quick with joe kernen and andrew ross sorkin equity futures are highe

i'm joe kernen along with becky quick. andrew ross sorkin u.s. down 20 points they had been in the green for most of the morning. now all the averages are down slightly the s&p down a little over a point. nasdaq down 5 and change big plus arrows yesterday. a nice session to start off the week after four straight weeks of declines. not a great september but we got a couple of days left. we'll see. nothing going on in the next couple of days treesh ri yields 9 is to late i don't understand 8:00 is primetime. what's wrong with 8:00 why 9? why 9? >> you're talking about the debate tonight. >> yes. >> and why so late >> yes. >> i agree it's 6 p.m. on the west coast and that's a little early if you go to 5 p.m. >> a couple of septogenarians, they might be both gone. when was the last time they were up past 9:00. >> both less cranky than you. >> three septo -- no, i'm not. anyway >> all right business leaders agree that congress needs to come up with another stimulus package we have a new one from house democrats. $2.2 trillion in spending. ylan mui joi

. >>> good morning welcome to "squawk box" here andrew ross sorkin with joe kernen and becky is off todayg up dow about 175 points s&p looking to open 23 points and nasdaq

i'm joe kernen with becky quick and andrew ross sorkin people are calling it a hot mess in a dumpsterso involved in a train

. >>> good morning just the two of us i'm andrew ross sorkin along with joe kernen, becky is off.orking on it me and you >> right it is us >> that guy over there >> this is the bluest shirt. i got to get some darker shirts. >> you know what -- >> this is blue. >> that's

. >>> andrew ross sorkin and joe kernen they brought kelly in to make sure we behave >> all the way toudio >> she is in the studio. >> you are on delay. >> i'm in the studio this is my studio. that's fine. just know yo

. >>> good morning welcome to "squawk box" here andrew ross sorkin with joe kernen and becky is off today. as joe mentioned, things were looking up dow about 175 points s&p looking to open 23 points and nasdaq looking to open about 108 points hire. so good news all around. let's see if it can stay this way. treasury yields, you can look at a 10-year note at .681 we have so much going on the fed kicking off a two-day meeting. the first since it put new framework into place isn't expected to change interest rates fed chair powell planning to answer questions about the outlook during tomorrow's news conference then we have the data coming in today where we get august import and export prices. the latest productions numbers and the earnings, we have fedex and adobe. a lot of other news, joe >> i can hear the bounce in your step i hear it in your voice. i think it might be the guests we have again today. i know you are excited for the hour >> we had great guests yesterday and great guests today we have bob from viea come cbs >> jared kushner coming up in the 7:00 hour. kevin mccarthy >> then i

welcome to "squawk box" here andrew ross sorkin along with joe kernen becky is off today

i'm andrew ross sorkin along with becky quick and concern ta -- joe kernen. look at u.s. about 70 points. nasdaq off 33 points s&p 500 off about six points for now, joe >> yeah. i don't know nothing much going on. take the disney news and like we were talking about earlier 3% new york city. isn't that weird we're opening restaurants because we're back to 3%. it's not in manhattan, really at this point but no reason to think it couldn't be i don't know it's 2020. the countdown is on now for the airline industry tens of thousands of workers face furloughs on october 1st. if you remember september 30th, this is a 30 day month anyway, bhoulet's welcome in doh parker and sara nelson thanks for joining us. doug, i'll start with you. tomorrow is the 1st. what is going to happen and what are your plans to deal with it >> well, some time today we're highly hopeful something can happen absent any action today we, unfortunately, are choosing to have hundred thousand or more not elm employed because the payroll program that was put in place through c.a.r.e.s. i expires. it was a six m

. >> welcome i'm becky quick with joe kernen and andrew ross sorkin it is friday, everybody. some red arrows. dow indicated down 36 points nasdaq by 15 this comes after modest advances you did see gains. the second out of the last three sessions as joe mentioned it has been a rough week we are on track now if we continue on this pace to have the first down month we've seen since march. looking at all the gains they've built up on all of this. you are looking at fairly solid gains. it is a matter of days before we get to the end of the quarter. take a look at the treasury yields now, especially the 10-year. 0.661% hasn't budged. we've been sitting at these levels for some time >> we've got developing news right now. president trump asking a u.s. court to let a ban on the tencent app wechat proceed the judge is giving the president to 2:30 this afternoon to postpone a ban on tiktok downloads. it doesn't pause the ban but says they must defend the policy in a sunday court hearing. the policy is currently set for 11:59 p.m. this sunday so a lot going on with the kvdel saga >> it

i'm joe kernen along with becky quick and andrew ross sorkin u.s.down 67 points they've been down more than 100 points i don't know if we got to 200. we might have at one point >> they were up. >> yeah. anyway, the nasdaq indicated up 4 and change now, almost 5 the tech stocks that have sort of been -- that's the dog. everything else seems to be the tail at this point maybe that means something that they're now -- that the nasdaq is now in the green. who knows? treasury yields, last time that that's been -- we've seen a big move back to .7% in any case. gets a little -- believe it or not, gets concerning when it drops below .7 we feel better about the global economy when it gets back to .8. that's a totally different situation. with the ten year, it is like watching paint dry, beck >> joe, there's been so much made about the correction in the nasdaq, the fastest correction ever moving down 10% in three days yesterday it made up the losses. we're looking at a small period of time. massive gain in the last nine months. >> that's where all the stay at

i'm andrew ross sorkin along with joe kernen.ting on our pelotons in a minute, just wait and see. u.s. equity futures wild wide all week looks wilder today. dow looks like it would open up 155 points higher. nasdaq looking to open 93 points higher s&p 500 looking to get back, too. up about 22 points joe? >> thanks, andrew. if i knew how to -- if i could just angle this camera, i could show you the peloton i'm afraid i'm afraid to touch the lights and camera i'm not going to do that i can almost touch it from where it is. the stalemate over the next round of coronavirus stimulus deepens. the senate failing to advance a skinny relief package yesterday making it less likely additional aid's going to be approved before the election. for a look at what is next, let's welcome a former congressional insider, eric cantor, former house majority leader who is now vice chairman and mapping director with moelus and company. eric, thank you for joining us every time we have you on, usually it's after something like what happened yesterday, an

i'm becky quick with joe kernen and andrew ross sorkin u.s.

welcome to squawk box here on cnbc i'm becky quick with joe kernen. andrew is out today. the dow was lower by 2% last week amid growing concerns about the election, conflict with china, conflict in washington between the two parties but you can see this morning take a look they're higher across the board. the nasdaq is up by 134. it's early in the morning but these are pretty significant green arrows at this point take a look at what's happening at the treasury market and you'll see that right now the ten year is yielding where it has been 0.996% joe. >> tik tok, the latest here. developing late yesterday, the u. s. judge blocked an order that would ban tiktok from being downloaded in the u.s. the ruling is the chinese owner byte dance has more time to get approval from u.s. and chinese authority which is unclear if that really happens for that deal with oracle and walmart the judge did not clock a much broader ban which is set to take effect on november 12th which the way things are going will be here like tomorrow i wanted 2020 to go quickly but now i'm thinking it's ju

welcome to squawk box here on cnbc i'm becky quick with joe kernen. andrew is out today. the dow was lower by 2% last week amid growing concerns about the election, conflict with china, conflict in washington between the two parties but you can see this morning take a

i'm joe kernen along with andrew ross sorkin and kelly evans.you ever think how close sizzle is to fizzle. i thought i heard you say fizzle but you said sizzle. it's the perfect choice of words for an ipo they either sizzle or fizzle in this case, it was a sizzle. u.s. equity futures, fizzling at this hour. s&p down 40, dow down 240, nasdaq down on a percentage basis worse than what we're seeing treasury yields, we talk about them i guess we need to with the fed and everything else. >> keeps slipping. >> oh, boy uh-oh. that's like the omen anyway -- boy, that was on -- remember >> .666. >> right where his could you cowlick was. it was there mark of the beast. all right. sorry, but we digress again, kelly. it's only 8:02 we have time >> we'll come back to yields, stocks, the disappointment about the fed and all of that. >>> two of the biggest stories off the bat. leslie pickers is here to talk about snowflake sizzling and eamon javers talks about the latest on tiktok and avoiding a ban in the u.s is anybody satisfied with what we've heard so far

good morning welcome back to "squawk box" right here on cnbc i'm andrew ross sorkin along with joe kernene we'll open up higher. 188 points higher on the dow s&p up 32 points higher and nasdaq 154 points higher joe? >> thanks, andrew. >>> gilead is drying cancer drug maker immunomedics meg tirrell is joining us with a new guest. >> reporter: that is dan o'day thank you for being with us out in san francisco tell us why this makes sense. >> thanks, meg, for having me. we're very excited about the opportunity. this medicine can bring to patients with a very difficult to treat breast cancer we're proud of the work that immunomedics and their colleagues have done this medicine can potentially help patients with other types of cancers this is a cutting-edge technology in that it identifies a protein on a cancer sell that's highly expressed in many different types of cancer called trope-2. it goes into the cancer environment and kills the cells. it's more than doubled what we've seen with chemotherapy it's important for gilead. it allows us to complement the portfolio we've been putting togethe

i'm becky quick with andrew ross sorkin and joe kernen. welcome back both of you some big moves we are looking at today. let's look where things stand with the markets dow futures are off by 34. the big news is happening with technology stocks. down 343 points. that's big you are talking 3% of the market or 3% decline for the index. that's a big deal when you look at what happened last week on thursday, nasdaq was off 5% on friday, another one and a quarter percent. you are taurking 6 and a quarter decline. because of what is happening with the biggest stocks in that. tesla indicated down 11% in the pre-market asml holdings down nvidia down advanced microoff off 4%. those that have boosted that we've seen selling off today you are still looking with these declines at a market at higher levels we've run up quickly and we are seeing it now joe. >> watching it head higher -- watching it ever day, we are like this tech stuff is insane benefitting from what we are all living with now. we are back, congress is back better for america what are yo

. >>> good morning just the two of us i'm andrew ross sorkin along with joe kernen, becky is off. nice to see you, my friend >> still working on it me and you >> right it is us >> that guy over there >> this is the bluest shirt. i got to get some darker shirts. >> you know what -- >> this is blue. >> that's a blue shirt >> it is a blue shirt. it is because they don't know how to do the lighting because it is darker outside now. >> i've got the blue and it shows up every day here in the bunker >> i'm envious i want blue but i'm unable to perform. sad. >> let's show everybody what we are seeing for the end of the week here. we have a bit of a mixed picture. the dow looks like it would open down the nasdaq looking to open higher as well the first down day and on pace to snap the first two-week streak amazon closing down 2% and a quarter of a percent a little bit of a rough ride there. this next story will keep on giving i hope it stops reading. >> the more i read about it, both sides are locked into things the other side won't agree to one comment about the tech wreck. i know, i know

i'm andrew ross sorkin along with joe kernen and melissa lee is in for becky this morning boy, joe, didneeded help we always need help, but melissa is here to help us through the next couple hours. >> i can't offer you that kind of help, but i can help you with the show. >> we appreciate it. let's show the audience where u.s. equity futures lie at the hour it looks like the dow would open up about 175 points higher right about now, the nasdaq 90 points higher and the s&p 500 looking to open up 25 points higher. >> we did friday, monday and tuesday, andrew, and i think finally the call came in it was just like, hey, guys, you know, are you watch -- have you dvr'ed and watched this? i enjoyed it, sorkin we talked about it we get to hog all the interviews. >> we covered a lot. >> you know what, and we cover a pretty wide range of opinion as people who have seen the show know. >> yes >> anyway, let's get a check on some early morning movers. dom, i didn't get to mention this to you the other day. it was really weird. i was wondering whether you did it you did domino's pizza and chuy back-to

i'm andrew ross sorkin along with becky quick and joe kernen. show you the markets right now because we have them moving lower we're in the red we can fairly say this is a market selloff taking place this morning. keying off of what's been taking place in europe. dow off 453 points right about now. the s&p 500 looking to open down 44 points. we have the nasdaq looking to open off 143 points in large part over concerns about covid cases growing in europe, specifically in the u.k. and whether there will be additional shutdowns. joe? >> thanks, andrew. >>> bytedance for its part says it will not give up control of tiktok in the u.s. oracle and walmart will have minority stakes in the company eamon javers joins us with more. good morning, eamon. >> reporter: good morning, joe absolutely a scramble over the weekend to figure out what they were going to do ahead of the deadline that the president proposed which was midnight last night. that deadline did not come to pass because the sides said they came to a deal and the president said that he has bles

morning welcome to "squawk box" right here on cnbc i'm andrew ross sorkin along with becky quick and joe kernenies, things have gotten a little bit better than where they were. now we've gone into the red on the dow, that is nasdaq powering higher s&p also looking to open higher, about 9 points higher, but the dow has been swinging around back and forth you're looking at it go from the red to the green just before the break we were in the green before so that's where we stand right now. but, joe, it was quite a day yesterday. >> yeah. yeah one of those days where you -- you know, there's times i don't need to look at my phone, and that was one of those days i did not see the 900 points i heard about it later i'm kind of glad that i didn't see it. >> i was watching. >> what's that >> i was watching tick by tick >> and the nasdaq, too after a couple of tough weeks. anyway, at one point the dow was down more than 900 points before it cut the losses. i saw, okay, now 700, that's better little better. then on the way back to see the close at five and change was a pretty good comeback, dom chu. he jo

this is good i'm andrew ross sorkinalong with becky quick and joe kernen. take a look at u.s.p believing you can tell me whether you want to believe or not. the dow looks like it will open 75 points higher nasdaq looking to open off about 10.5 points. >> you remember what happened to tony soprano when he was listening to that in the diner. >> with that music >> yeah. >> you know, that's been confirmed. they left it blank and you didn't know what happened -- >> kind of slipped. >> that guy came out of the bathroom and that was the last thing tony ever saw. at least he was with his family but then i think his brains might have been on his -- well, we don't need to go into it. i hear that, that's what i think of immediately i started looking around, you know what i'm saying i'm in times square. if i go to -- if i fade to black, i want to let you know, i loved working with you anyway, go ahead, becky. >> we loved you too, joe thank you. >> okay. >>> all right, guys. let's set up the next guest. an initiative to streamline esg metrics is in the works. companies can report on ras re

i'm andrew ross sorkin along with becky quick and joe kernen. take a look at u.s. equity futures this hour. we're in the green things looking up after some tough, tough days. the dow about 137 points higher. the nasdaq up about 170 points higher 175 point higher the s&p 500 looking to open about 25 points higher becky? >> the technology looks up pushing the broader markets as investors rotated out of companies that led a historic come back from the coronavirus recession. the nasdaq losing more than 10% just in the last three sessions making at any time fastest correction in history. however, you got to put that in context. the index is still up 63% from its 52 week low that it hit back in march mike santoli joins us with more. this is coming fast and furious. >> this market has been operating in a hurry all year. it's created these very rapid moves in both direction. it's not waited for these things to develop slowly. you mentioned nasdaq, fastest ever 10% drop. this is what it looks like on a more diversified index it's somewhat similar to what we saw in june. i h

. >> i think of great george kestanza, what is duty >> i think you are quoting the great joe kernen itaking a walk yesterday. somebody had put their recycling out and there was bottles and bottles of empty liquor. i thought i hope that was a couple of years. >> recycle shaming a new term it was only two weeks. i apologize for leaving it so close to your house. >> all right, guys when we come back. we'll talk stock split apple and tesla surging since their split. looking first at yesterday's s&p 500 winners and losers as business moves forward, we're all changing the way things get done. like how we redefine collaboration... how we come up with new ways to serve our customers... and deliver our products. but no matter how things change, one thing never will... you can rely on the people and the network of at&t... to help keep your business connected. a lot goes through your mind. with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. that's the clarity you get with fidelity wealth management. >>> good morning, u.s. futu

. >>> good morning welcome to "squawk box" here on cnbc i'm becky quick with joe kernen and andrew ross sorkin equity futures are higher this morning. the s&p and nasdaq breaking a four-day losing streak joe said it. you've got nike being a big gainer there nike is responsible for about 100 points of the gains. s&p futures up 13, nasdaq up 41. nasdaq was the big gainer. facebook up about 3% these are the ones that moved so quickly those are responsible for so much of the gains it looks like the 10-year seems to be yielding right around -- drum roll please all right, i'm going to say 0.66% becauses that where it has been all right. 0.67 >>> last night, the house passing a bill to fund the government into december and avoid government shut down clearing the house by an overwhelming majority now heads to the senate where it is expected to pass they want to get past the shut down to focus on passing more coronavirus relief that is a little less unclear about whether something like that will happen joe? >> we mentioned nike doing well. pre-market doing pretty well beating estimates of 47 cen