joining me today john fortt and allen valdez. let's get to our score card. so far 21% of the s&p 500 reporting, 67% beat estimates. 8% have met estimates. 25% of earnings have come in below forecast. i will be kicking things off. we are expecting numbers after the close. it will be interesting to hear what they have to say about their guidance. they lowered their revenue outlook. the question that analysts have at this point is that since august the dollar has had quite a move. will they see currency head winds that impact the forecasts further? will it be looking for the growth areas? that is the private cloud area as well as software defined data centers. >> i think in particular with the private cloud hybrid cloud has become a real growth area. we see ibm impacted particularly in storage on the cloud line. could vm ware be getting that business. >> they will be pressed by the effort from elliot management. they said they have met several times and listening to each other. this is going to be yet another time opportunity for analysts to actually ask ceo as

i am very lucky to be joined by john fortt and rob frank. i don't know what you call it, all coming up top of the hour on "street signs." "power lunch" returns right after this break. the equipment tracking system will get you to the loading dock. ♪ there should be a truck leaving now. i got it. now jump off the bridge. what? in 3...2...1... are you kidding me? go. right on time. right now, over 20,000 trains are running reliably. we call that predictable. thrillingly predictable. tdd# 1-800-345-2550 even on the go. tdd# 1-800-345-2550 open a schwab account, and you could earn tdd# 1-800-345-2550 300 commission-free online trades. tdd# 1-800-345-2550 so when a market move affects one of your positions, tdd# 1-800-345-2550 schwab can help you decide what to do. tdd# 1-800-345-2550 with tools like free live-streaming cnbc tv tdd# 1-800-345-2550 that give you the latest financial news and trends. tdd# 1-800-345-2550 and bubble charts and price charts that let you see exactly tdd# 1-800-345-2550 how market activity is affecting your positions. t

i want to issue a correction to something i said as our buddy john fortt pointed out.pro is making a $130 camera on the low end. i said 300. wherever you are, thank you for pointing out my mistake on national television. >> it is actually an international show. >>> a different take on cnbc's all american survey. we are talking about football. >> and time to reveal athlete with second most valuable brand in sports it is tiger woods. we will reveal the winner when "street signs" returns. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing muc

i also have the dynamic duo of john fortt and robert frank along with me. great to have you with us. great to have you john to talk about amazon earnings and you here talking about billionaires. we will be talking about the fight against ebola. >> good looking show today. >> and we have a reverse oreo thing going on. this is great. >> okay. >>> moving straight along. let's talk about the markets. stocks looking to finish another wild week. looking ahead, there are three dark clouds that could rain on the parade. first a new case of ebola, this time in america's biggest city, new york. >>> second, fears from abroad with europe and brazil in focus. and third this week's shooting in canada renewing terrorism fears here and abroad. we will dig in on each of these and find out what it means for you. let's start with the first ebola patient in new york city. meg terrell is live outside bellevue hospital in new york. what new news do you have? >> reporter: we just heard from the cdc that it has confirmed the diagnosis of the patient here, dr. spencer. the cdc says

its new ceo speaking with our john fortt. es of the company rising nearly 20% since he was named chief executive. john joins us more with that interview. >> this was his first tv interview as ceo wanting to set the stage on the cloud because that is the thrust of his strategy here. he was in charge of cloud and server and tools before he got the promotion to ceo at microsoft and he set the stage for who he thinks is big enough to play with microsoft in this infrastructure and cloud space. >> i think if you are not already spending a lot of capital in the order of $4 or $5 billion each year to just grow your cloud probably it is too late to enter the market. i mean, that's the entry barriers. there are a few of us who are on that mega scale of cloud. >> that is the cost of entry. if you are not prepared to spend forget it? >> that is the rate at which. if you are a network operator today you have to be in that business. if you are mega scale cloud provider you are with the capital. there are two other players like that, amazon

that is what microsoft ceo told john fortt in an exclusive interview. great, fantastic interview. now go after nadella. >> it is his first tv interview as ceo and interesting transition from ibm. you ask what ibm is, it is an enterprise software company that used people and hardware to deploy the value. now it is in question in the cloud era. microsoft also a software company with a play in enterprise trying to reorganize itself around those issues. first, a couple of years ago steve ballmer trying to flatten it out. take a listen. >> we had actually for many, many years a microsoft structure which is a business unit structure where we managed each one of the businesses independently. it was, of course, integration. at the same time the accountability culture was about the business unit performance. we always had a shared sales force but the product creation was always inside of the business units. now we brought it together into the one microsoft rubric to be one play, one strategy. and the thing that it requires is a fair amount of coordination. if there is anything, communicati

john fortt joins us live from silicon valley this morning. great to see you. we begin here with nobel prize winner in economics, joining us from france. professor, thank you so much for being here. congratulations and we understand you just got off the phone with the french president? what did he have to say? >> thank you very much. the french president just called, yes. >> i'm sure he was excited they now have two know bell winners including the winner in literature. interesting your win comes after france was downgraded by s&p ins terms of the outlook on friday. a lot of concern about the state there. how healthy are the fortunes of france and of the eurozone at the moment? understood this isn't why you won but can you comment briefly on your home country and its prospects? >> >> the fund mentals of france are good. we have lots of human capital and france has lots of assets but it does have to go through reforms. i think the labor market reforms, reform of the state, become lighter, while at the same time being, you know, socially, because we've seen the sk

john fortt as well. the big story, hp announcing it will split into two companies and cut 5,000 jobs. shares of hp rallying on the news this morning. hp will split into two publicly traded entities. the pc and printer business using hp inc and services with hewlett-packard enterprise. david faber talked to meg whitman in an exclusive interview this morning. here's what she said. >> another enormous change. everything about how compute is being bought, paid for, sold, how applications are written, from, you know, a licensed model to a sas model. how employees and customers interact with technology. and you can just see the pace of change. and there's technology that is enabling that change that wasn't even available four or five years ago. whether that's cloud or the ability to take huge data sets and gain insight, we have to take advantage of those changes. and if you're not careful you'll be disrupted and you have to stay on your toes and be able to respond much more rapidly when the industry is in a mo

. >> when we come back more of john fortt's interview with satya nadella, more on the markets with what has been an inflection point for the trading day. the close of markets in europe. and will.i bl am talking wearables and apple when "squawk alley" continues in a moment. ok, if you're up there, i could use some help. smart sarah. seeking guidance. just like with your investments. that sets you apart. it does? it does. you're type e*. and seeking another perspective is what type e*s do. oh, and your next handhold... is there. you don't have to go it alone. e*trade gives you the support and guidance to make informed decisions. are you type e*? >>> welcome back to "squawk alley." we're watching blackberry the stock moving higher on a report that lenovo might make an offer to buy the company. citing an unnamed source. an offer for $15 a share could come this week. lenovo and blackberry are neither commenting on this. blackberry shares up 5% near session highs. jon fortt this blackberry merger speculation is something that's not new and circulating around for a while. something to take wit

watch john fortt's exclusive with microsoft ceo satya nadella, 6:00 a.m. eastern. that's early. another look at futures. not for you, i know. >> no. >> we are setting up for what will be at the open a significant move higher. more "squawk on the street." >>> there is a look at fair value. it's been a long week if you were long the market. earnings from morgan stanley look pretty good. mary thompson back at hq. >> i just got off the phone with the cfo of morgan stanley. a strong beat. in large part due to strength in investment banking, equity underwriting a factor in the third quarter results. speaking of that, she did say the investment banking backlog remains strong for morgan stanley. as she points out, the volatility is not constructive for deals. she did point out it's only two weeks. right now the investment banking backlog remains strong. one thing the retail on the client engagement, its brokerage unit, remains strong. importantly, the lending part of that business was very strong in the third quarter. keep in mind that is a key part of mr. gorman's strategy in improving

. >>> john fortt joins us with interesting news out of google. >> this is from dow jones.y lou jeppson apparently at google working under google on display technology. the idea here is modular displays. legos. imagine little tvs you could hook together to make a larger, seamless display big enough to fill a living room wall. google talked about a number of google x problems, driverless cars, drones, contact lenses that could read your blood sugar. this is one they have not talked openly about. microsoft worked on large displays. the biggest display mmaker in t world is samsung. they arguably made much more money off android than google has. apparently google doing hardware research in an area that samsung's bread and butter. not clear what google plans to do with this. advanced technology work in display. back to you. >> an interesting future. >>> up next, jpmorgan saying about 76 million households have been affected by that cyber attack earlier this summer. is any financial institution safe? we'll talk to a former fbi assistant director and former global head of security

let's bring in john fortt with more on this. in the community, it was known tim cook is gay. that decision now to let everybody know and plant a flag in the ground. what does it mean? >> this is the first time that a ceo with this kind of profile has not only said, yes, i'm gay, but has said here is what i think about that and what it means within the context of not just of america, but of business. here is why i think it's important to embrace individuality, to embrace diversity within business. we've seen him at state of the union, tweet about social justice issues. he marched in the gay pride parade in san francisco this year. people knew what was going on. this starts a different kind of conversation, lots of different kinds of conversations. my immediate question is how will this play across this country and affect sales of apple. things haven't gone so well for michael sam at the nfl or jason collins of the nba team. things have gone very well at chik-a-filet which came out with homophobic statements. great day for the lgbt community but what about shareholders? >> bott

john fortt as well.ing it will split into two companies and cut 5,000 jobs. shares of hp rallying on the news this morning. hp will split into two publicly traded entities. the pc and printer business using hp inc and services with hewlett-packard enterprise. david faber talked to meg whitman in an exclusive interview this morning. here's what she said. >> another enormous change. everything about how compute is being bought, paid for, sold, how applications are written, from, you know, a licensed model to a sas model. how employees and customers interact with technology. and you can just see the pace of change. and there's technology that is enabling that change tha

we will have microsoft ceo satya nadella talking to john fortt about the overall macro environment fornd where microsoft fits into that landscape. apple talks the launch of apple pay which happens today and david faber will be back to break down his exclusive interview with ibm chairman and ceo guinea rbegi ginni rometty. that is quarter is leading the dow down. all next up on "squawk alley." t. t. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. t

. >> let's send it over to john fortt with a look at what is coming up on "squawk alley."ing you guys will be talking apple pay. >> that's right. sara, "squawk alley" is going to be money today. ralph nader not happy about what apple pays manufacturing laborers in china. he's planning to call in. cvs, rite aid, not happy about apple pay. dropping that. we'll talk about what it means for the future of that technology. shakeup. somebody comes up big in this. it's coming up next. i know what you're thinking... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business. i have $40,ney do you have in your pocket right now? which is...pretty much what we've always stood for. $21. could something that small

john fortt joins us live from silicon valley this morning. great to see you.here with nobel prize winner in economics, joining us from france. professor, thank you so much for being here. congratulations and we understand you just got off the phone with the french president? what did he have to say? >> thank you very much. the french president just called, yes. >> i'm sure he was

john fortt will bring us that interview 6:00 a.m. i love having a free checked bag.ageplus explorer card. i have saved $75 in checked bag fees. priority boarding is really important to us. you can just get on the plane and relax. i love to travel, no foreign transaction fees means real savings. we can go to any country and spend money the way we would in the us. when i spend money on this card i can see brazil in my future. i use the explorer card to earn miles in order to go visit my family which means a lot to me. ♪ >>> head down to the new york stock exchange with cramer. i wish we had more time, jim. i'm surprised the jets hung in there. that was a shocker. you're the only guy i talk sports with normally. were you surprised? they could have won that game. >> the jets are going to win a couple of games. geno smith looked good last night. i was impressed with the jets. the score doesn't say that, but i was impressed with the game. >> second. we are now in the business hoping oil prices go up and interest rates go up. that's what has to happen for stock prices to st

. >> over to john fon fortt. >> walter isaacson, the biographer known for writing the book on steve jobse and the kurn innovation in technology. and beyond the boilerplate. more insights after the apple quarter and the ceo of shazam. catch it all on "squawk alley" coming up. you can bring back a lot of things from a trip around the world. but you can't always bring back customer data. because many customers don't like it when their data moves around. can i go now? if you're going to do business globally, you need a cloud that can keep your data where it needs to be. today, there's a new way to work and it's made with ibm. the setting is perfect. you know what? plenty of guys have this issue, not just getting an erection, but keeping it. well, viagra helps guys with ed get and keep an erection. and you only take it when you need it. good to know, right? if ed is stopping what you started... ask you doctor about viagra. [ male announcer ] ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pre

. >> john fortn fortt. >> a lot of stuff on the table.y joining us and of course we've got gopro and linkedin in to look at. both up more than 10% after earnings last night. and if you like ads in your instagram, if you are a facebook investor, you probably do. you are going to want to tune in. "squawk alley" coming up. etireml you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today. >>> good morning. 8:00 a.m. at gopro headquarters, 11:00 a.m. here on wall street. and "squawk alley" is live. ♪ >>> happy friday everyone and thanks for joining us. we brought the big guns in this morning. john steinberg, ceo of daily mail north america and kevin o'leary will be with us the first half hour as well. we want to start with the markets in

joining us for the hour today what a treat, the two johns, that being the john steinberg of "daily mail north america" and jon forttoining us. >> the john steinberg. >> capital "t." after using the system for only a week, pharmacy chains cvs and rite aid are shutting down support for apple pay. no official reason given, but many are speculating that both are working on a competing mobile payment system. here's the statement from rite aid. the company saying, quote, rite aid does not currently accept apple pay. we are continually evaluating various forms of mobile pay technologies and committed to offering convenient, reliable and secure payment methods that meet the needs of our customers. in total, guys, this is about 12,300 stores, rite aid and cvs combined, jon fortt, losing or at least not gaining acs ses to those stores. do you think it's a meaningful development to apple pay? >> the speculation is there's another payment system called currency coming out later that doesn't rely on credit cards on the back end. it's supposed to draw from bank accounts and offer some kind of coupons and incentives to get people

. >> over to jon fortt with a look at what's coming up next on "squawk alley" lee. jon. >> a big show coming up. blackberry ceo john going to cover why the blackberry classic won't be another fire phone. and finally the google wallet creator and the future of payments. ng. ng. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. i just talked to ups. they got expert advise, special discounts, new technologies. like smart pick ups. they'll only show up when you print a label and it's automatic. we save time and money. time? money? time and money. awesome. awesome! awesome! awesome! awesome! (all) awesome! i love logistics. can you start tomorrow? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves. there's a difference when you trade with fidelity. one y