for nightly business report, i'm kate rodgers in new york city. pe> and fellow dow component verizon t the wall street profit expectations. the telecom giant added subscribeser quicker than expected as it presses ahead with the plan to offer a faster 5 g network. they reported a revenue decline in the we line business and said it's struggling to meet financial targets in the oath media and advertising unit. nonetheless, the shares were up 4% to close at a18-year high. >>> well we have invited a couple of pretty smart market watchers to talk aut why stocks act the way they have during the volatile month. joining us tonightef is klein top, the cleave global investment strategist at schwab and a alyst with bleakly group. thank you for joining us tonight. >> thanks. >> ffrey, it seems as soon as we turn the calendar over to october more than 3 weeks ago that the markets suddenly went into volatility mode. what's your version of what's going o right now? >> well, i think there is two things behind this, bill. one is we have known about the risks of slo

. >> for nightly business report, kate rodgers, in queens, new york. >> conocophilips raisings the quarterly dividend and that's where we begin the market focus. the energy giant increased the dividend by 7% up to 30.5 cents a share. the yield on the stock is now above 1.5% np the shares finished finish the up a tick to 78.39 today process. >>> in a regulatory filing david einhorn said his hedge fund greenlight capital exited position in apple in the last quarter due to the tech giant's heitened valuation and also the possibility of china's retaliatory tariffs. the investment had been valued at about $40 million. apple shares were off more than 1.5% to 224.29. >>> greenlight capital also had somed words for tesla. in the quarterly letter, the hedge fund which has a short position on the electric car maker said the car company's issues resembles those of failed lehman brothers. greenlight added that tesla's quote deception will catch up to the company. tesla shares fell 7% to 261.953 appear investors had the first chance to react to the better than expected earnings from the memory storage su

josh lipton and alphabet meg tyrrell and gilead julia boorstin and kate rodgers on chipotle as those conference calls get going. the experts in the trefrmg we have "fast money" gene munster pulling double duty. the chart the master carter werth watching the after hours movers process gichg us instant reaction we start with the tech earnings wreck we watch with amazon and alphabet after tech turjd today. the nasdaq up more than 3% erasing yesterday's losses but the earnings are dragging names lower after hours opinion and these stocks struggled this month. are these earnings putting the final nail in the coffin for the fang trade. >> we are starting the to process perceive the cochems healthy. it's nice to think about them in a them attic way and they had had the expose you are to -- online exposed yur social media, et cetera. but facebook which i won't talk about that another day but facebook is perceived differently. google starts to fall into the category as well there is nothing wrong i think with google business and they give you 22, 23% growth the tack costs -- the margins are s

josh lipton and alphabet meg tyrrell and gilead julia boorstin and kate rodgers on chipotle as those the experts in the trefrmg we have "fast money" gene munster pulling double duty. the char

we'll get more on "fast money" tonight in the meantime we have the earnings alert on yum, china kate rodgersving high ner the after hours this is a mixed third quarter. eps coming in as a beat. 51 cents not adjusted number the estimates we are looking for 45 cents revenues slight miss $2.21 billion. versus estimates of 2.23 billion-dollar comps down 1%. a little better than expected kfc up one% in pizza hut down 5% they mentioned loyalty members 145 million to pizza hut 50 million mobile accounts for 64% of sales in the quarter and delivery 17% of total sales in the quarter, two important metrics within the restaurant category. they said they opened up 195 restaurants in the quarter the stock is higher by more than 5% yum china back sfwlu up next we look at why there could be a bottom forming in the market bottom forming in the market when we come right tecky, can you offer low costs and award-winning wealth management with a satisfaction guarantee, like schwab? sorry. tecky can't do that. schwabbb! back.g schwab. we don't have a satisfaction guarantee, but we do have tecky! i'm tecky. i ca.