jon fortt is live outside the samsung unpacked event in new york city and has breaking news at the tophour. hey, jon. >> yeah, there's a new phone, carl and it's in the galaxy note family. it's not called a noelt technically. this is the galaxy 6, s 6 edge plus, the same size screen, the 5 million 7-inch screen of the note but it's curved like the galaxy s-6 edge. which was so popular that samsung couldn't keep up with demand. they're doubling down ott curved screen. that the ceo said would be a key differentiator because competitors would not be able to make the screen. they've not outlined pricing. they've said that the carriers will do that. they're doubling down on the screen and they're also some features they're going to talk about. one of them is samsung pay. we've heard about it now they're demonstrating it. they've got the key credit card partners, they say it will work anywhere you swipe a card. it won't work in places where you have to insert a card and pull it out. but anywhere where you swipe the magnetic stripe this service should work. what's interesting is what they hav

cnbc's jon fortt's got all the detai details. jon? >> reporter: well, melissa, this is one we haven't seen before. google, the entity we know today, is essentially changing its name to alphabet but keeping the two ticker symbols that it has that represent the two different classes of stock. so what happens underneath this alphabet entity? well, for one google still exists but that won't be run by larry page as ceo anymore. that will be run by sundar pichai as ceo. and google followers will now surnd pichai as the most important operating executive of the google of today. he rose up from running google chrome to running more than that, including android. he's recently had purview over pretty much all the internet businesses. now that becomes formalized. he gets control of all of google, the internet businesses, including youtube. susan wojcicki will report up to him. now, what's not included within google? non-google businesses under alphabet will include google ventures. google capital, the investment arms. it will also include projec

jon fortt has more on the rough run. >> reporter: shares down 13% from where they traded a couple of weeks ago, if you're looking for a single headline to explain the drop, though, you'll be looking for a while. apple shares have been falling since the company's earnings report partly on concerns that the iphone's growth might slow. >> the biggest concern is the calendar for the december quarter. the company had an enormous shipment and i think there are concerns whether they can beat that. we think they can. as a result, combined with other factors, we like the stock here on this weakness. another reason, china. stocks in the country have sold off in recent weeks, investors are worried about what that might signal about overall economic growth. tim cook has called out china's as the company's biggest growth market, that matters. finally, the stock is at the point where it's falling because it's fallen. apple is trading about he low the 200-day moving average, a key technical level that they read as a sign that momentum has turned against a stock. it won't be long until we get more n

jon fortt, kayla tausche on another busy day for the markets, down 247 at the dow, currently down 192a minute we had the worst s&p since july 8th. it has essentially gone flat for the year. we were negative a few moments ago. selling across the board, all the major averages down 1%. bob pisani is at the desk. >> we're near the lows for the trading range we've been in for a while, the s&p. 2050 is what you want to watch. we've been in a range, 2050, to 2130 ever since february, when you break below that, that would be noticeable. we were standing on the doorstep this morning, sort of came off of that. watch the 2050 range. volume is heavy. this is not a light volume day. and neither was yesterday. consumer discretionary, look at the sectors, all down. a little less damage in the commodity space. financials and industrials down a bit. we're seeing the high beta names with weakness. particularly in the internet. space and the tech space. your zillows and twitters and facebooks and linkedin and netflix, down 5%. these are higher beta names that move a little more in the market volatile sp

away your television time make this clean decision ♪ ♪ master weights for its collision now♪ >> jon forttuashy out today. kelly evans working double shift. nice to have you back again. market day, so much to get to. apple, the company announcing that apple music has more than 11 million members during the free trial period. senior vp focused on china. he spoke to josh lipton. josh loins us in san francisco. good morning. >> good morning, carl. eddie cue tell me apple's business in china continues to stay strong. the app store did a record $1.7 billion in transactions in july, qusays a big reason for that is the growth in china. injuly, apple saw its largest number of transactions in china on the app store ever. now i also asked eddie what the average spend by chinese ios users on the app store continues toen crease, eddie says it does. that is a critical troend watch for investors. they want to know that chinese consumers are continuing to spend more and more money on apple's products and services. in its last reported quarter, china contributed 60% of revenue according to ubs. now, eddy

. ♪ ♪ ♪ ♪ >>> welcome to "squawk alley," joining us is jon fortt, kayla tausche has made her way backcouple of days off. good to have you back on a busy day. the dow down almost 200 points, every component is in the red. the lowest close here would be since january 30th. s&p back below the 200-day moving average, after oil saw its biggest inventory bill in about four months. >> the problem is in the global slowdown, commodities in energy space, let's look at the s&p 500, carl is right. we're essentially sitting right near the lows of the day, let's not quibble about a couple of points and the weaknesses in energy and materials and the global industrial complex. let's take a look at some of the new lothat's a good way to look. a slight expansion in the global commodity space, so alcoa, another new low, a $9 stock and freeport is another $9 stock. it's been almost every day. but the dow is a little weaker than the rest. there's a numb of dow components at new lows. chevron among energy new lows, a dow component at a new low. conoco phillips new low. marathon a new low. a lot of the big

cnbc's jon fortt's got all the detai details. jon?reporter: well, melissa, this is one we haven't seen before.

jon fortt reports. >> reporter: samsung today in new york city with three pretty big announcements. one was phones. we were expecting the galaxy note 5 and we got it, but we also got a version that's current. it's not called the note as the galaxy s6 plus edge but a 5.7-inch screen and same display quality which is independently judged to be at the top of the industry and the screen. of course, samsung had trouble delivering those screens early in the year. that caused some problems with revenue at the company. but ceo j.k. shin here dumbling down on his bet on that. of course, that comes ahead of an expected iphone launch next month. samsung getting out ahead of that trying to hold down its ecosystem and they also announced samsung pay. it's like apple pay being able to use your phone for contactless payments at various retailers but this uses a magnetic field technology instead of what apple uses called nfc and that means this payment system should work everywhere you can swipe a credit card. we spoke to mastercard and visa today, both of them say it is secure. of course, hackers

jon fortt, kayla tausche on another busy day for the markets, down 247 at the dow, currently down 192t s&p since july 8th. it has essentially gone flat for the year. we were negative a few moments ago. selling across the board, all the major averages down 1%. bob pisani is at the desk. >> we're near the lows for the trading range we've been in for a while, the s&p. 2050 is what you

. >>> let's see what's on deck with jon fortt. n. >> we're going to talk about disney's bob eiger was exclusively on air with us just a couple of hours ago. he's effusive in his praise of netflix. find out why. also apple continues to be down. is it down for the count? maybe not, tune in for that. and finally netflix itself, new all-time highs this morning. what's next for that company? all that and more coming up. ♪ [ radio chatter ] ♪ [ male announcer ] andrew. rita. sandy. ♪ meet chris jackie joe. minor damage, or major disaster, when you need us most, we're there. state farm. we're a force of nature, too. ♪ >>> good morning, it is 8:00 a.m. at disney headquarters in burbank, california, it's 11:00 a.m. on wall street, "squawk alley" is live. ♪ ♪ ♪ ♪ >>> good wednesday morning, joining us at the far end of the desk, john broad, co-founder of aol ventures, kelly evans back with us, thank you for joining us, jon fortt at post 9, we want to begin at disney. shares getting hit after revenue missed estimates, and company nts noted so

"squawk alley" and jon fortt. >> quite a show coming up.ina and the reaction, u.s. markets, the nasdaq down 1.75%. and alibaba, revenues disappoint. we'll dive into that and why, apple down again. all of that and more coming up on "squawk alley."them so diffe? did you hear that sound? of course you didn't. you're not using ge software like the rig on the right. it's listening and learning how to prevent equipment failures, predict maintenance needs, and avoid problems before they happen. you don't even need a cerebral cortex to understand which is better. now, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized. no student's ever been the king of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop, and durable new stellar notebooks, so you're walking the halls with varsity level swagger. that's what we call that new gear feeling. you left this on the bus... get it at the place with the experts to get you the rig

jon fortt is here.te, surprise surprise, donald trump front and center. >> this country right now owes $19 trillion, and they need somebody like me to straighten out that mess. >> you've called women you don't like fat

joining us as always, jon fortt, kayla tauschee at post 9.ve reorganization, creating a holding company called alphabet. also elevating product chief sundar pichai to ceo of google. sergey brin and larry page will be heading the group alphabet. the investor cni

send it over to jon fortt with a look what is coming up next on squawk alley.bout amazon. >> not just buzzing about it, we have got one of the two writers of that controversial "new york times" piece. he is going to join us. we are going to ask him all the questions that people have about it. also, tesla, a big upgrade stock, up more than 3 1/2%. and finally, drone racing league, yes, as fun as it sounds, all coming up and more on ""squawk alley."" this summer, challenge your preconceptions and experience a cadillac for yourself. ♪ the 2015 cadillac srx. lease this from around $339 per month, or purchase with 0% apr financing. when a moment spontaneously turns romantic, why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medi

but carol roth, jon fortt, that does it for us on "closing bell." up in just a few moments. what are you guys watching? >> kyle bass the hedge fund manager is taking on one biotech in particular. we will name names in our weekly segment "stock therapy" with ms. meg tirrell. >> here we go again. over to you guys. >> thanks, kelly. "fast money" starts right now. live from the nasdaq marketsite overlooking new york city's times square i'm melissa lee. our traders on the desk are tim seymour, dan nathan, brian kelly, and guy adami. tonight on "fast" the man who called the dollar rally is back and this time he's got a much scarier prediction that could send stocks into freefall. we'll tell you what that is. alibaba hitting an all-time low and dragging yahoo! down with it. is there any reason left to own yahoo!? a top analyst with a bold call will be here. but first to the market reversal we saw today. the dow down a whopping 277 points at its low only toned the day in positive territory. beth the s&p and nasdaq staging key reversals as well. so tonight t

happy friday morning, welcome to "squawk alley," kara swisher, co-executive editor at re/code and jon fortt kayla tausche, on a day where markets are settling back close to the lows of the session. the dollar is a little higher. first up, apple will delay it's live tv service until at least 2016. bloomberg saying the company wanted to introduce it this year, but talks with licensing companies are moving slowly. new reports that apple is very clikly working on a new car windshield. apparently, it will be a heads up display. similar to ones used by jet pilots. information for drivers while on the road. a lot to digest here jon and as usual we're talking about things that are a long way off. how much of a setback are these talks with programmers? >> well it's interesting. i mean i think on the one hand after apple music, i'm not sure apple is ready to soft tv problem. tim cook is talking about how much of a mess tv is i look at apple music. there's some good stuff in there, there's the interface is all mixed up. it's got the same problem that traditional television has. on the one hand, re/cod

jon fortt is here. the first republican debate, surprise surprise, donald trump front and center. >> this country right now owes $19 trillion, and they need somebody like me to straighten out that mess. >> you've called women you don't like fat pigs. dogs, slobs, and disgusting animals. your twitter account -- >> only rosie o'donnell. >> trump was the most-mentioned candidate on twitter. just over 30% of all mentions, followed by ben carson, rand paul, mike huckabee. the debate was also great for social media in general, facebook sponsored the debate and its logo was everywhere. the #gopdebate still a top trending topic on twitter. we know that ratings likely set a record for partisan debate. 16-share, people were anxious to see this and talk about it. >> you know who the winner was last night in addition to trump, obviously? it was fox news, we're going to talk about the media implosion of all the stocks in the past week. the fact is that fox owned a ton of mine share and whether they were the network

desk, john broad, co-founder of aol ventures, kelly evans back with us, thank you for joining us, jon forttpost 9, we want to begin at disney. shares getting hit after revenue missed estimates, and company nts noted some modest subscriber losses at espn as the company continues to shift to digital. take a listen to bob eyeing another joined us earlier. >> obviously the bundle delivers great value to espn and will continue to. the bundle is not going away. the bundle is still relatively strong when you look at it given all the competition in the marketplace and you look at what percentage the bundle represents, not just in terms of revenue, but in terms of how people watch television. it's still the dominant form of television viewing in the home. espn is fortunate that it is a brand that we believe ports w sl to any new platform. smaller bundle, over-the-top package of programming or direct-to-consumer business, we have invested over the years in the strength of its brand. and that gives espn the ability to essentially manage through whatever disruption is going on with the bundle or in tel

. ♪ ♪ ♪ ♪ ♪ ♪ >>> good friday morning, welcome to "squawk alley," joining us as always is jon fortt andhe. where the sell-off does continue. the market is in the red. the bulls made a couple of attempts, but we're not far from session lows. the dow tracking its worst week in four years and the s&p in spitting distance of a 1 handle. biggest losers of the week include netflix, ross and intuit. two portfolio managers joining us today. good to see both of you. are you sensing what, orderly selling? panic selling in what's your sense right now? >> i wouldn't call it panic selling. global growth is decelerating, we were at valuation points where we were over-extended and now we're seeing a readjustment. what's occurring is that the china deceleration of growth is now starting to take effect in the emerging markets area leer. so you're going to start to see general credit market dislocations, potentially on the high yield side. you're starting to see that within the commodities markets. as well as oil market in particular. >> jim, i saw my first ted spread chart in a very long time yesterday.

jon fortt out today. kayla tausche working double duty today.oesn't look tired whatsoever. >> makeup ladies do a good job. >> markets down 133. stocks down across the board but well off this morning's lows. you can see the dow at 16,526. it had been a busy session this morning, a wild month for the markets. the dow is 10% corrected intraday from the all-time high. meantime we have more to worry about with china, more with valuations, crude not helping today. >> the fisher comments last week were amazing. i thought it was great how liesman pushed him and said you need these two weeks. he seemed to be equivocaequivoc. that's what today is about more than china. >> what do you make of the overall china story, though? it still sort of hangs in the background. there was a story in "the times" how consumers are actually delaying weddings, holding off on big purchases, staying put because they actually feel terrified. they're trying to see what information they can get about the stock market because they can't get it through official channels. all of t

jon fortt breaking down the details. >> google will continue to exist as a subsidiary of alphabet called google inc. and there will be a new ceo of google inc., sundar pichai, who has been a chief operating officer, will be the ceo of google inc. larry page and sergei brind, the co-founders, aren't going anywhere. they will continue to operate the overall holding company of alphabet. eric schmidt, the executive chairman of google, will now be executive chairman of alphabet. now, what will fall within google and what will fall within alphabet? well, most of the revenue and profit-producing businesses that now exist within google are going to be a part of google inc. that includes youtube, which is being run by youtube's ceo, susan wajiski. she will continue to serve in that role but report up to sundar pichai. a number of other things, though, will not be a part of google. they'll be a part of alphabet. those things include google x, the research and development arm that's doing things like drones and self-driving cars. that will not be a part of google inc. also, calico, the life science

as always, jon fortt,ey." kayla tauschee at post 9.s google announcing that massive reorganization, creating a holding company called alphabet. also elevating product chief sundar pichai to ceo of google. sergey brin and larry page will be heading the group alphabet. the investor community likes this move. shares of google are in the green on a pretty tough day overall. kara swisher's the co-executive editor at re/code and joins us to shed some light on this. kara-g morning to you. >> how are you doing? >> you called it wacky monday at the board. what should we know about this move? what does it mean? >> i think we're all making a big deal of it. all they're doing is moving chairs around and calling them different things. they're trying to give transparency. that's the larger story. is wall street's been perplexed by google the way they've been perplexed by amazon and things like that. and amazon just recently gave clearer numbers around aws and its cloud services platform. google's trying to clarify the situation probably under the ne

jon fortt is with us on the busy days of the market, even though we are on the dog days of august. begin with the piece on amazon by the "new york times" over the weekend. the article called "inside amazon, wrestling big ideas in a bruising workplace" claims amazon has a cruel working environment based on several interviews with employees. mean tile, cnbc obtained a memo sent by ceo jeff bezos to employees saying i strongly believe anyone working in the company really described like one in the "new york times" would be crazy to stay. i know boy leave such a company. joining us this morning one of the reporters behind that article, "new york times" reporter david straightfield joins us. good morning to you. it's good to have you with us. >> good morning. >> it's obviously -- story is a monumental effort, so much work has gone into the reporting and the storytelling. can you give us the backstory on how the idea began, what the genesis of the story was? >> the genesis of the story is probably about 20 years ago, i was an early amazon customer and i started writing about it then and i

but carol roth jon fortt, that does it for us on "closing bell." "fast money" coming up in just a few moments. what are you guys watching? >> kyle bass the hedge fund manager is taking on one biotech in particular. we will name names in our weekly segment "stock therapy" with ms. meg tirrell. >> here we go again. over to you guys. >> thanks kelly. "fast money" starts right now. live from the nasdaq marketsite overlooking new york city's times square i'm melissa lee. our traders on the desk are tim seymour, dan nathan brian kelly, and guy adami. tonight on "fast" the man who called the dollar rally is back and this time he's got a much scarier prediction that could send stocks into freefall. we'll tell you what that is. alibaba hitting an all-time low and dragging yahoo! down with it. is there any reason left to own yahoo!? a top analyst with a bold call will be here. but first to the market reversal we saw today. the dow down a whopping 277 points at its low only toned the day in positive territory. beth the s&p and nasdaq staging key reversals as

jon fortt joins us this morning with the details. d jon, there are a lot of people in chaos, but it kind of makes sense the more you look through the details. >> it does, but the impact is yet to be seen, becky. a big surprise after hours yesterday around 4:45. google announces that it's not going to be known, at least the parent company, as google anymore, creating a company called alphabet. google will exist as a part of that. eventually, the stock did spike about 5% after hours. larry page is going to be the ceo of alphabet, but google itself is going to get a new ceo. this move is supposed to aid efficiency. larry page saying in a note, "our company's operating well today, but we think we can make it cleaner and more accountable." and a key to that accountability and that clean operation is going to be a man named sundar pichai. he's the new ceo of google. he's been the senior vice president over product and engineering. he rose through google first running google chrome, then android and other apps. he's known for getting things

jon fortt joins us now. jon? >> thanks, sara. i've got the ceo and co-founder of box with us. you've about got some news. you're opening up a 13,000-square-foot office here in new york. it's outside of your head quarters at nasdaq, build up. commercial real estate in new york is expensive, aaron. >> yes. coming from san francisco is not so true. >> tell me how being here is going to help accelerate growth. >> yeah. so box serves over 47,000 businesses around the world and through a range of industries and what we've seen is continued success in larger and larger franchises, particularly in industries. so given the son senn trags of businesses throughout the northeast we wanted to have a presence that we could go and make sure our solutions were being successfully implemented. we're excited to be here. you're said to be cash positive next year. >> yes. >> it was extreme strategy. now you're telling us that more than 10% of your customers are paying customers some of what is it? is it a sales force? >> yes. so we're certainly focused on our markets. with we're building on our sa

. >> the rally is building, dow up 264, let's send it to jon fortt with a look at what's coming up onk alley. >> time machine, you could go back to the close on friday. that's apparently what the major indices have done. where do we go from here? >> tess la rocketing 7% higher. and could a downturn be good for silicon valley? we'll have the argument coming up on "squawk alley." >>> good morning, it is 8:00 a.m. at amazon headquarters in seattle, washington, 11 sclk a.m. on wall street and "squawk alley" is live. ♪ ♪ ♪ ♪ ♪ ♪

. >>> let's send it to jon fortt, with a look at what's coming up on "squawk alley." >> apple is downmpany? >>> and facebook video facing some criticism about how they count views, is it legitimate? and finally, alibaba, news on the new president, new leadership, perhaps international expansion. can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? >>> good morning, it is 8:00 a.m. in cupertino, california 11:00 a.m. on wall street and "squawk alley" is live. ♪ ♪ ♪ ♪ smrks ♪ ♪ >>> good tuesday morning, welcome to "squawk alley," joining us dan rosensweig joins us. kayla will join us on the phone later on. our first story this morning, apple in the red again. down nearly 3%. after yesterday's 2% fall that's enough to officially push the stock into correction territory. down to the lowest level since

our own jon fortt and josh lipton as well. you get bad seeds everywhere you go?e responsibility for stuff like this? >> i think the key is airbnb did not contact the authorities in madrid when this customer's mother contacted them. that's something that a hotel probably would have done. so it's a care of airbnb maybe bringing their studs up to what hotels do, and enforce that. they're growing incredibly fast. hundreds of thousands staying anywhere at one time. sure you'll have outliers, but yes, you do have to el prepare. >> you people living through the cracks? the person was staying in a room of the host. the host was there. it wasn't like hi rentsed out the whole place. if you're in a car with somebody, in somebody's house, is there a risk of growth that's too quick? i think if you're involved in the sharing economy, you certainly have this responsibility to make your services as safe as possible, as secure as possible, but there are differences. i mean, to your point, they're just going to have infrastructure and services, security personnel, you're not going

. ♪ ♪ ♪ ♪ >>> welcome to "squawk alley," joining us is jon fortt, kayla tausche has made her way backo have you back on a busy day. the dow down almost 200 points, every component is in the red. the lowest close here would be since january 30th. s&p back below the 200-day moving

. >>> we send it to jon fortt for a look at what's coming up on "squawk alley." >> we dive into new detailsit's competition. robby bach is here, the one that led the team that started the xbox. find out what he's doing next. >>> and google has got more freaky robots. seven out of ten power outages in the us are caused by weather. but utilities can now predict where the power will go out, within a few city blocks. working with ibm, they're combining micro weather forecasts with detailed data from local sensors. to predict where outages are likely to occur. and send crews exactly where they're needed, when they're needed. ibm analytics from the internet of things is making energy smarter every day. >>> good tuesday morning, it is 8:00 a.m. at google headquarters in mountain view, california, 11:00 a.m. on wall street and you "squawk alley" is live. ♪ ♪ >>> joining us today is john broad. kayla is out today. joining us on a day where the market is in a range. apple event, 9-5 mac has new details on the next apple tv. it will run its own specific version of ios 9, it's expected to launch aside

happy friday morning, welcome to "squawk alley," kara swisher, co-executive editor at re/code and jon fortt lows of the session. the dollar is a little higher. first up, apple will delay it's live tv service until at least 2016. bloomberg saying the company wanted to introduce it this year, but talks with licensing companies are moving

away your television time make this clean decision ♪ ♪ master weights for its collision now♪ >> jon forttking double shift. nice to have you back again. market day, so much to get to. apple, the company announcing that apple music has more than 11 million members during the free

. >>> let's send it over to jon fortt at the samsung event in new york for a look at what's coming up alley" at the top we're going to have some news that's coming out of this event. there's more to it than just samsung pay. also we'll continue to track the reaction to china markets and finally you might have heard apple's ceo tim cook has invested in water-efficient showerheads and i don't mean he went to bed, bath and beyond to get some. here at td ameritrade, they're always working. yup, we're constantly making thinkorswim better. like a custom screener on your desktop, that updates to all your devices. and you can share it with one click. wow. how do you find the time to do all this? easy. we combined every birthday and holiday into one celebration. (different holidays being shouted) back to work, guys! i love this times of year. for all the confidence you need. td ameritrade. you got this. ♪ ♪ it took serena williams years to master the two handed backhand. but only one shot to master the chase mobile app. technology designed for you. so you can easily master the way you bank. >>

jon fortt out today. kayla tausche working double duty today.whatsoever. >> makeup ladies do a good job. >> markets down 133. stocks down across the board but well off this morning's lows. you can see the dow at 16,526. it had been a busy session this morning, a wild month for the markets. the dow is 10% corrected intraday from the all-time high. meantime we have more to worry about with china, more with va

jon fortt is here to explain the changes. >> the new google inc. ceo is sendar pichai.s been with google since 2004. he first ran chrome, ran on to move google apps and some other things around maps, continuing things in the browser, moved on to run android and now he's got control of essentially the entire company, including not just the internet stuff but also the nexus products, the hardware. the things that aren't included are google capital, ventures, google x. this raises lots of questions about google. lots of investors taking this to mean, this is great, we'll get more insight into how google inc. itself is run. if you have larry paige and sergei brim and eric schmidt and david drummond, and the father of the google business model that's done so well now running alphabet, are they going to spend less money or perhaps are they going to spend more? we'll have to wait and see. investors excited about it. >> i'm glad you put it that way. >> stay right there. google shares up 4.5%. we talk to a google shareholder, he joins us now. good to see you. do you agree with j

mike santoli and jon fortt. "fast money" starts in moments. what are you guys watching for?lly, etsy. price is truth, kelly, and the stock is down sharply in the after hours session. >> is that the guy adami? >> it's a guy adami sock puppet we got from etsy making its appearance once again. also in all seriousness the shire -- david faber will be joining us with the latest. "fast money" starts now. live from the nasdaq marketsite overlooking new york city's sometimes square i'm melissa lee. our traders on the desk tim seymour, dan nathan karen finerman and guy adami. here's what we have coming up on "fast." shares of disney falling 3% on its earnings report. the conference call just kicking off right now. we are bringing you the latest headlines throughout the hour. plus one beloved tech stock just hit an all-time high. we'll hear from the analyst who says it is the ultimate bargain. he'll tell what you that stock is and why it could be cheap right now. our top story tonight, that would be apple. the numbers are staggering. since its recent high july 20th the comp

jon fortt joins us with morgan, founder of main and top recruiter for silicon valley's biggest companiesle twitter and four square. welcome to you both. morgan, start with you, as a recruiter do you see a lot of people fleeing to you from amazon trying to get away from its toxic culture? >> not so much. an important thing to remember is that amazon is up in seattle which works well for them because there's less competition. mostly microsoft and facebook has a big office there now but i have heard some of the things that did appear in "the new york times" article. >> jon, now that we've had more than a day to get through the reaction and details to this, what more is emerging? are we hearing from more who are defending their culture, you know, agreeing with the piece? what are you hearing? >> both, kelly. and i think that's what puts this piece in a different light. the sweep of the piece from the top is, here's the experience at amazon. it's tough, it's heartless and the people who can deal with it and the people who can't, but there is a post on linkedin from an engineering manager who