meta basically down 4% right now. what you are seeing right here is tied to rising costs tied to the a.i. infrastructure buildouts. much more on both of the stocks deep in the red in a moment. >>> let's look at laggards. these two names are on the list. not on this board. both of them on this board here. arm, a chip name here, leading it, believe it or not despite meta and microsoft down 3.5%. again, we had a chip selloff yesterday. super micro down 3%. datadog down 3% as well. >>> we are checking the bond market ahead of the key inflation report before the opening bell. pce. the benchmark 4.2 yield. the two-year above 4%. we have been talking about that. the long bond is 4.48. this is the read on inflation expectation. >>> that is the money set up. let's get back to the ugly situation. meta and microsoft. microsoft earnings and revenue beat on better than expected azure guidance. you can see the big dips here. reme remember, this is about the time the earnings call was going on. slower growth for the third quarter. c

meta, okay.icro, do not buy it. more bad news to come. >> that was close. >> steve? >> it used to be the w in my wage trade, now it's the s in my sage trade. smurfit. >> it's not a clam or bly accept. but go ahead. >> speaking of clam, guy. >> well, first of all, loretta mester on the show. >> yes. >> tremendous. >> tremendous. >> great to have her. >> and jared. big show tonight, mel. >> huge. >> i'm looking forward to tomorrow, halloween with you -- >> boo. >> going to be fantastic. >> so much fun. >> the a in my clam continues to be agnico eagle will >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. mad money starts now. >>> hey, i'm cramer. welcome to mad money. welcome to "cramerica." i'm just trying to make you a little money. my job is not just to entertain but to educate. call me at 1-800-743-cnbc or tweet me @jimcramer. >>>

meta/microsoft.and now it's up to these two stocks, which have gone in different directions. >> yes. >> to do the same. but it will be interesting to see the price action in both of those names on the other side. >> for sure. meta, there's such tremendous confidence in really the fundamental momentum. they have things figured out. they're direct beneficiaries of ai in action. not just building data centers to have some down the road thing. the valuation has been reset higher for that reason. definitely there's a pretty demanding standard for them being able to please the market. microsoft on the other hand, it's really underperformed even on a year to date basis. you would think that they might not have as hard a time persuading the street that things are looking okay. >> we shall see. kate rooney, tell us about robin hood. >> thanks, scott. robin hood you think of as the entry level trading platform for retail investors. it's been trying to lure in more traders. watch deposit growth. >> assets under

namely, google—owner alphabet, amazon, apple, meta and microsoft.urse, with just a week to go before americans go to the polls to vote for their next president, investors will be keeping an eye on how the markets perform this week. our north america business �*them seven reporting. five of them take 23% of the 500 index, a big waiting with big implications for the stock market. if there is any underperformance, investors could punish the stocks, particularly if there are any mrs when it comes to artificial intelligence and that could bring about some volatility. on the economic side, some data coming out, the third measure of inflation, us gdp, and on friday, the all—important friday, the all—importa nt report friday, the all—important report for the month of october. when it comes to jobs, we are expecting only a modest increase, we have had a impact to the latest report, to hurricane is, the boeing strikes and some furlough which is likely to impact numbers, but it was a strong september report as well. when you look at gdp, they are expecting the

on meta.a, with initial jobless claims, 2.27, during the adp upside with a surprise yesterday, and it looks like this labor market looks ok. lisa: if you get a labor market that continues to confirm the upside bias, and you get an upside surprise in the inflation rate that the federal reserve looks at, how much is that change the narrative about how much and how long the fed could be the cut in general and also next week. annmarie: especially when we know that everyone is saying that the federal have to look through this data because it is so noisy and because of the hurricane, too, and because of what is going on with boeing with workers on the picket line? yet, the data for the most part looks good. and depending on how friday looks, either campaign will use it to their advantage. jonathan: we have been through the data millions of times and we are on the cusp of a monster week, payrolls tomorrow morning, onto the election next week and then two days later, and if bio -- fim c meeting. estim

first, i| want to start with what has been positive about meta. concerned about, but meta's really done well in revenue. it increased revenue i9% in the quarter. revenue topped $40 billion. the last time that happened was in the fourth quarter of last year, and businesses typically have their best water in the fourth quarter, when they are supported by advertising, as meta is, and to have a business over $40 billion in 03 only bodes well, i think, for q over $40 billion in 03 only bodes well, i think, for 0 four, with all the holiday advertising coming up. there are concerns. meta has said they expect to spend $40 billion this year and capital expenditures. much of that is this year

i am a believer in meta.nk ultimately over time we as users will get a better experience because of ai. the advertisers, which pay the bill -- again, none of us pay the bill, it is all add-driven. if you can create an easier ad campaign and do it quickly and do it more cost efficiently, like, all of the users are going to stay there. and more people are going to be there because the experience is so good. so, again, i think it is a phased approach. i don't think it is going to be overnight success. but i think what zuck has been doing, he is very confident. you can see it in his style, his t-shirt, his necklace, his hair. you can see it. caroline: he has a stylist, man. and we all love to see it. what is also interesting is there was some news as to whether or not meta ai is trying to build its own real-time search within its offering, becoming less dependent on the life of being, which is microsoft's search. how much do you think these frenemy's will continue to use each other? brent: meta having its own sea

, google's parent company, and meta report.in revenue driverfor meta. this remains its main revenue driver. for meta, the growth of its reality labs division will also be in focus. cloud computing will be a key theme when it comes to amazon's aws unit and microsoft's azure. and finally, analysts expect strong growth from apple's iphone segment. but they'll be watching for any weakness in china and the broader consumer electronics market. turning to india — and its new era of start—ups where businesses are trying to bridge the digital divide. from netflix programmes in local dialects, to online shopping — more and more companies have been creating digital solutions for the rural areas of the country.the bbc�*s nikhil inamdar went on a remote discovery and filed this report. we are on the set of the high octane drama about power and justice. the location today is the village hedman�*s house. this is a very small regional film and for a specific rural audience that lives in the northern state. it is produced by an app co—founded i

napoli claims he was stalked by a former meta employee and filed many complaints with meta.e says meta told him that former employee was on a do not hire list. but napoli soon learned that meta had actually rehired this alleged stalker. this all comes after meta laid off thousands of workers to cut costs, and as a result, the lawsuit claims meta did not have the funds to thoroughly screen employees and new hires. cnbc reached out to meta for comment. it has not responded yet. the faa has grounded a spacex rocket ship after after another mishap. spacex launched two astronauts to the international space station on the falcon nine rocket. on saturday, they docked safely alongside the spacecraft. they will return in in february, but during the rocket's second stage, as it descended back to earth, there was a mishap. normally, the rocket is supposed to fall into a designated part of the ocean. however due to an engine failure, the rocket fell into a part of the pacific ocean. outside of that designated zone, so the faa grounded the falcon nine rocket for a third time in the past

ed: i would like to go back to meta and the news. understand the importance of technology from the advertiser's perspective. this new feature can turn a static image into a video ad. simple. i think meta is getting a lot of credit for the real world progress it is making in ai. just you reaction to that basic idea of what you think you will do to move the path forward for advertisers? rachel: absolutely. to put this in context, advertisers can spend somewhere between 10% of their overall marketing investments on creative. that is just from the cost of created. the amount of hours they go into creating a video, proving a video, up and down the totem pole, that is several people's jobs in an organization. a simple solution like this might seem obvious and small but it actually can change marketing and advertising as we know it. it also can create a rippling effect in terms of headcount. you might need fewer marketers with tools like this. it is a really big deal in the advertising industry. the flipside is, for fortune 1000 brands when

you can sell meta all you want. you can sell meta until the cows come home.aybe you want to sell meta because you know that apple is going to have extreme disappointment, but i love this quarter and the people who don't love this quarter, they don't know how to read a conference call. >> it's not like the stock is down a bunch. >> it's down 22 when i was doing "mad money." >> 1.5%. >> microsoft was up $20. there's this which i think called a conference call with amy hood. she's the cfo. she announces how the company is doing. it's midway through the call. it doesn't matter. we've got the quick draw mcgraw l robinhood guys blowing the stock out like they knew what they were doing. they were probably moving into estee lauder. >> on the serious issue of the spend for meta, where zuckerberg also said, as part of the call, "our a.i. investments continue to require serious infrastructure. i expect to continue investing significantly there too." >> how about call it a moat? that's a moat. sorry for the philadelphia accent and the eagles. i had to mention them, it's

we have to start with meta.t's an interesting company to understand because beating the quarter gone, the advertising- supported business. reality labs will see greater losses. capital expenditures continue to grow. got a big sense of dÉjÀ vu. i don't know about you, shweta. what was your take away from that? shweta: yeah, first of all, thanks for having me, good to be here. my take away was there are a lot of good things going on for meta. we think about at a high level, yes, the negative side, capex remains unclear, they will spend $50 billion to $60 billion on capex next year. the losses in reality labs is a concern. but on the upside, what they are doing in terms of how they are leveraging llama, stroke of genius on their part, to their own advantage is amazing, especially as we think about engagement and monetization. video recommendations alone are driving growth on time spent, impression growth are high single digits, pricing is improving 11%. meta ai already has 500 million mau 's. engagement on the plat

microsoft and meta among the big names that are sliding.le and amazon, as you know, set to report after the bell. while my next guest expects a more muted performance around the mag 7 earnings, he's still bullish. joining me at post 9 is mina flynn. welcome to our program. >> thank you. >> how are you thick about this group of megacap names which, you know, we're winding down on the earnings. we have nvidia a month from now. what do you think as a group? >> as a group it's hard to think of these names on a quarter-by-quarter basis. they're undergoing significant transformational change in the ai infrastructure and everything that comes from ai i think is going to play out over multiple years. our clients are really looking at the names from a more longer term perspective. these businesses have significant moats around them. we believe they're going to continue to outperform from an earnings perspective. that earnings may decrease from outperformance. we think the setup is going to outperform. >> how do you think about the market? barring so

liz: meta's stock, can i just dovetail to that? meta is downed.they had a double beat but, again, they spent more than $9 billion in the quarter on a.i. efforts and buildout. they said they're going to spend more. what sort of warning flare would you send up for potential investors in any of these stocks that are in this hot race? >> i think we're getting a little ahead of the game on a.i. products and services. let's face it, there's only one company that has really made money off a.i. right now, tangible money, and that's nvidia. because they sell the architecture to build the the a.i. systems. everybody's buying those chips. everybody else is promise and potential. everybody is struggling to come up. with products and services that can actually be monetized. i mean, every product device especially with software is an a.i. box. i almost never use it because it doesn't do much for me. that doesn't mean it will not get there and there will be a time when you can. monetize it. but right now it's still a big unknown, so i think with both -- and the

that is alphabet, microsoft, meta, amazon and apple.ve been betting big on al, with analysts keen to see if their vast investments are paying off. the bbc�*s ritika gupta has more. investors on wall street are bracing themselves for big tech earnings this week. alphabet, meta, microsoft, amazon and apple all report, and these five tech giants combined account for 23% of the weighting of the s&p 500 index, so the reaction to their results could have big implications for the stock market rally. while expectations are high for profit and sales, investors will be alert to any underperformance, especially when it comes to artificial intelligence that could trigger volatility. analysts will zero in on advertising revenue when alphabet, google�*s parent company, and meta report. for alphabet, this remains its main revenue driver. for meta, the growth of its reality labs division will also be in focus. cloud computing will be a key theme when it comes to amazon's aws unit and microsoft's azure. and finally, analysts expect strong growth from ap

microsoft, amazon and meta platforms, meta on deck after the bell.re talking about plus or minus 6.5, 7% in terms of the options implied move for meta platform shares, so keep an eye on those. the interest rate picture, very interesting, because we continue to creep higher, just marginally lower today, still 4.26% on the ten-year. it was closer to 3.6 at just the trough down here. it's been a sharp move higher, but as we talk about the general economic data, are we in this scenario where it's a growth story, maybe a growth story that's driving things? it's upfor debate right now, kelly. back over to you guys. >> dom, thank you very much. we've got a fresh batch of data on the economy this morning, speaking of which, steve liesman is here to run us through numbers, and which ones have the most import? >> that's a good question, kelly. neither hurricanes or strike, adding jobs doing so with declining inflation. here are the numbers. 2.8 on gdp. not much of a miss, because everybody downgraded yesterday because of the trade numbers. so that really was i

like meta company, telegram also restricts users' access to content or channels related to resistancefore this, the human rights watch organization in a report named instagram and facebook as one of the biggest removers of the voice of the palestinian people in cyberspace. had read about 300 days ago, shortly after the al-aqsa storm operation, the owner of instagram restricted the use of a shape or emoji. instagram comments containing the shape or emoji hides the flag of palestine from users . in his explanation, it was stated that instagram is the flag. put palestine in the category of offensive content. these events caused users to use the upside-down triangle wherever they want to narrate about gaza, as a sign of the red piece of the palestinian flag, but this was not tolerated either. meta has restricted the use of the upside-down red triangle emoticon, which has become a widespread symbol of palestinian resistance, on facebook, instagram and whatsapp. one of the virtual citizens. in response to this action, meta wrote to the owner of this company: in the world that is supposed to

facebook and instagram owner meta is to introduce facial recognition technology to try and crack downulently use celebrities in adverts. elon musk is just one of the many famous faces to fall victim to such scams, which typically promote investment schemes and crypto—currencies. meta already uses an ad review system which uses artificial intelligence to detect fake celebrity endorsements but is now looking to beef it up. so how will it work? joining me now is chris vallance, our technology reporter. their plan is to test 50,000 celebrities and public figures and involve them into the system by december, and it will essentially beef up its protections against these kind of celebrity bait adverts as they are called, and what it will do, when an existing system is used to spot fraudulent ads, and it detects what it thinks is one, it will then use a face recognition to see if there is a match between the image and the adverts and the image and the adverts and the images on the profile of the images on the profile of the celebrity or public figure on instagram and if there is a match then

exactl. >> tonight we're talking about meta verified.often hear the same story call, and the online help pages send them in circles. and this woman became so frustrated she meta'sn menlo park and banged on the door. here's what happened. >> i seen it happen she was tricked into giving a hacker control of her facebook page. >> i thought i was talking the l and password to pretended to be, sending messages to all of my friends saying i need that don't exist. >> he was selling a car, selling all my dad's thing s for you. >> worst a of all, she and her husband lost access to years of memories. >> when we gng we met from, you know, raising kids just vanished. >> tova tried to to the imposte. friends tried reporting the fraud, but the reply kept saying this content does not go against our community standard and i ra. >> tova drove straight to meta headquarters in menlo park. she wa don't have anyone working for hacked pages? this happens roboy >> thousands, you would think that theybuthey don't. >> tova was about to stage agitt meta, verified,

(crowd cheers) (♪♪) caroline: meta.ced it will start to integrate and a imovie generator, similar to openai's sora, into apps sometime next year. bloomberg's kurt wagner joins us. again, the focus on ai has been relentless at meta. kurt: it has been, it has been the story for mark zuckerberg and meta. they have the ai-powered smart glasses, now video, generated ai, product. this has been a steady stream of updates from them that is not a coincidence. this has been what mark zuckerberg has been talking about for a long time now, now we are seeing some of the result of all that talk. ed: it is a steady stream, and it is interesting. you and i spent two days at meta last week, and this was not shown to us, and they have it out this morning. why would affect on his they are doing all things with open-source being front and center. you have consumer facing technology, which you can access through the ray bans or the application, then there is the more enterprise and industry-leading stuff. where does the video tech fit in? a

lumien technologies and meta-have announce a partnership in support of meta's ai ambitions.will provide integration for meta's infrastructure that the company says will be crucial for future ai development. russia has been operating a multiyear hacking campaign targeting the nation of georgia. that is according to documents and technical reports seen by bloomberg news. the conference of espionage attack focused on georgia's foreign ministry, finance ministry, central bank, and key energy and telecommunications providers. let's get more on that story. caroline: such a significant report. we go to alberto the deli, who is leading the charge along with colleagues. how is russia managing to hack on such a significant degree? >> well, i think the thing to understand about russia in terms of countries like georgia is that it targets them with disinformation and then puts great efforts into these hacks. and looking for folk abilit -- vulnerabilities within critical infrastructure and government ministries. it spends a lot of time doing that, that allows it to eventually enter into

antigone davis is head of safety at global meta. >> this crime has evolved.portant to educate people in this area. >> reporter: are these measures being put in place to inform teens that sextortion is happening on the platform or to try to stop it on the platform in the first place? >> first and foremost, we want to stop it on the platform. but it's both. we want to make sure that teens have the information that they need because these are adversarial actors. they're going to try to get around protections we put in place. >> reporter: that sounds like an acknowledgment that meta does not have handle on it. >> no. what i would say is we've put in place built-in protections, but we're dealing with adversarial criminal actors. >> reporter: criminal actors targeting american teens. savannah seller, nbc news, new york. >>> coming up, come with us to times square as it goes from tourist haven to megawatt art gallery at the stroke of midnight. haven when my doctor gave me breztri for my copd... things changed for me. breztri gave me... better breathing, symptom impr

for meta, the growth of its labs division will also be the focus. when it comes to the aws unit of amazon and microsoft's is your. analysts expect strong growth from apple's iphone segment, but we'll be watching for weakness in china and the broader electronics market. ln broader electronics market. in india and staying with tech, its new era of start—ups where businesses are trying to bridge the digital divide. from netflix programmes in local dialects to online shopping, more and more companies have been creating digital solutions for the rural areas of the country. the bbc went on a remote discovery and filed this report. we are on the sets of high octane drama about power and justice. action! the location today is the village. so this isn't any old big budget bollywood movie, it is actually a very small regional film and it is tailored for specific rural audience that lives in the northern state here. it is produced by stage, and app co—founded in 2019. ln and app co—founded in 2019. in india, there are 19,500 different and 18 of them which we h

it was our first mystery chart, meta. ari, meta is hardly an out of consensus pick at this point. much higher do you think it can go? >> well, the -- we always found that strong trends are supposed to evertake any sort of reasonable targets when they are originally opposed, so i think nobody really knows how high it can go. the more important point is to let your winners run and it's established and that's a good thing and the stocks go from the lower left to the upper right with good fundamentals behind it. i think what's notable about the meta chart and that's an indication of relative strength and an indication that strong players are endorsing the stock. very often, prior resistance becomes support and the stock has been consolidating above the breakout point and it gives us conviction even if there is going to be a miss on earnings that we can buy the stock down to that support level like 530 p. >> well said. are any of the mag seven that aren't screening well to you right now? what about microsoft? >> there is -- it's certainly become more differentiated and you notice how t

microsoft and meta follow with their earnings tomorrow, and apple and amazon report on thursday.called magnificent seven also include tesla, whose better than expected numbers came out last week, and nvidia — we'll have to wait a bit longer to hearfrom them. they report earnings on 20th november. let's cross live now to jamie mills o'brien, investment director at global investment company aberdeen2. in the past three months, alphabet�*s shares have dropped 2%, there have been fears google may be broken up to curb its search engine dominance. our investors right to be concerned?— our investors right to be concerned? . ., ., concerned? thanks for having me. i concerned? thanks for having me- i think— concerned? thanks for having me. i think the _ concerned? thanks for having me. i think the interesting - me. i think the interesting thing is if you look at what the shares have done and what is being proposed in terms of remedies, it is almost remarkable that shares have not been weaker given what actually is being spoken about, a threat to what is the core business at google, the se

coming up, meta fights back against fake celebrity scams.is bloomberg technology. ♪ ed: meta is fighting back against fake celebrity scams. what is the activity that meta is trying to counter here and terms of celebrity image? >> sometimes scammers will run links to a scam website where they try to steal your data and get you to send money and they will use as part of the add pictures of real celebrities to make it seem more authentic or legitimate. people will see an image of a celebrity and think it is an endorsement by them or someone they are familiar with and they are more likely to click. in this case, meta is saying we notice the scams are happening so they are going to use facial recognition software to match, is there a celebrity on this ad and does it match with a celebrity in the service? >> for anyone who has been locked out of their accounts met many of us have, you no longer have to get your passport ready. they might use technology for that as well. kurt: they will test the idea of a video selfie. you hold up your phone and ta

now meta says that it's following consumers.60% of time spent on both facebook and instagram is video. so, responding to that, they're introducing a new video tab to help people better find that content. they also say they're responding to the demands of advertisers with these new ai tools. meta announcing that more than 1 million advertisers and 15 million ads were created with its generative ai tool in the past month. also saying that ad campaigns made with its generative ai features resulted in a 7.6% higher conversion rate by customers. meta shares up 24% since the company reported most recent earnings at the end of july. those better than expected results really showed the investments that meta has made in ai, paying off for advertisers. now, just this past friday, meta debuts a preview of what it's calling movie gen, new ai models to create and edit videos. no release dates yet for those tools. but today's news shows how it's long-term investment in ai bets can near-term help its ad business which, of course, tyler, is its

she wrote hi tova, this is leandra from the meta support team.the doing my beso he gosh, i was relieved the agent gave here.wa. >> i was just i was relieved i was able to get all my memories back. >> yet the couple says meta shouldn't be charging money to fix problems, and some critics agree individual users shoe bakn experience. eva velasquez is the ceo of the identity theft resource center. >> any time an industry creates solution, we are going to take umbrage. provide protections and some support for everyoneg rect acceo customer support for millions or billions o ridgeways, it was an expedient $15 resolution. >> it's well worth it ialready reluctant to give it up. so to protect your account, make sure you enable two factor authentication. and if you'veemn account takeover, you can contact us here at seven on your side and we can help you. but as you can imagine,ing to do it hef is just like, come on. issue le this one team to look into, go to abc seven news.com/7 on your side. >> california voters have ten propositions revenge ballot measure.

tovar paid 14.99 for a month of meta verified, and it got me right in. instead of a machine spitting this automated reply, a live agent came on chat. she wrote hi tovar, this is leandra from the meta support team. how can i help you today? tovar typed. my facebook got hacked. the agent replied, that sounds really frustrating. please be assured that i will be doing my best to help you. finally, a sympathetic voice. oh my gosh, i was relieved. the agent gave her updates on her case. then hours later, great news. the account was back. >> i was just i was relieved i was able to get all my memories back. >> yet the couple says meta shouldn't be charging money to fix problems, and some critics agree individual users should not have to pay for security that should be baked into the experience. eva velasquez is the ceo of the identity theft resource center. >> any time an industry creates a problem and then monetizes solution, we are going to take umbrage. >> facebook ceo mark zuckerberg responded to such criticism in a blog post, saying, we already provide prot

he said it should be taken down and criticized meta- for the policy. the idea that the information, let's take it down and saying under these unlimited ideas didn't, we should always err on the side. if there is new data for a study like you have an open mind, the new study, one of them said social media is just different. if you tell a lie on social media, it will watch fox goodley and freezes. i grew up on that and believe in and the social media predicates on time and we have to think about this idea is wonderful officials and in market failures almost as a different view, i do not if we are wrong to take it down but i can't away of doing that. >> i have been following studies done on social media and the most effective way to counter it and there are a lot of studies negating conventional wisdom. one i want to mention forced from the university of pennsylvania but they are international studies reported in the last year or so show the most effective way to counter disinformation online history using artificial intelligence and a study came out begi

>> probably meta.reacted for this group of companies, meta has had such a great year, we're looking for kind of 18 to 20% year over year revenue growth. it's a big company. i think they will be fine but i think that's the one where the bar is really high. microsoft i think the bar is a little lower. i think apple is derisked. >> really? apple shares have had a nice move, though. >> they have, but i think that what we've seen from some of the reports on apple intelligence it's been disappointing. >> it's a little early in fairness, isn't it? >> we knew this. if you follow the apple story we know that really the big components of apple intelligence are coming next year. they are not in this first rollout at 18.1 for ios. i think that the combination of some of these disappointing early results, iphone numbers have been coming down, i think that they are in a better position to have an okay quarter and be all right. >> we do need clarity on the iphone numbers which seem to be the focal point of the debate

he has become a zionist and now meta considers it a sign of users' support for hamas. since october 7th of last year and the implementation of storm and moments operation , social media users have widely used this symbol to express solidarity with the palestinian people and protest against the crimes of the occupying regime. tehreek-e-insaf's demonstration in the capital of pakistan led to clashes between security forces and protestors in different areas of islamabad. this demonstration was held in response to the call of former prime minister imran khan in defense of the constitution. clashes occurred when the forces by blocking all routes to the red zone of islamabad, the security forces opened fire on the gas protesters . pakistan's coalition government is soon to vote on a constitutional amendment in the national assembly . the amendment is expected to change many laws related to the supreme court of pakistan. tehreek-e-insaf and former prime minister of pakistan imran khan want the government to withdraw from this issue. a court in brazil paid the german mercedes-

meta has done a phenomenal job. they have done a phenomenal job of post security sttransition t get on the page. they have over 3 billion users on the system that are active. we feel they have the best potential for a.i. given capital users and data to run a.i. meta has all three ingredients. we think they're in a really good spot. yeah, i think the next chapter now is can they sustain the mid to high teen growth? they got to 20% growth this quarter with the low 40% margin. really good financial performance top and bottom line. can the next leg of a.i. be as profitable and as exciting for revenue? harder comps and again, everyone across tech with the cap ex war. what will continue to accelerate? google will slowdown the next quarter and the expectations were so low, the stock jumped. again, i don't think this is some massive pit stop. i think these are more speed bumps in my opinion based on what we see. >> advertising is dependent on a strong economy. we are, obviously, the lead story of the wall street journal. 2%

this as microsoft and meta are under big pressure this hour. amazon is, too.rosoft is on pace for its worst day in about a year. we'll dig into the reports, how it sets up the rest of big tech earnings, and what name our trader says is just a no. plus, a potential media shakeup. comcast considering spinning out its cable networks as a separate company. our david faber just sat down with john malone, and he joins us ahead. >>> this stock's flying on earnings, hitting an all-time high but has nothing to do with ai. the ceo joins us with what went right in the quarter and why he's bullish into the holidays. but we begin with dom chu with the numbers. >> john, it's decidedly negative, and that tech story has a lot to do with that. just to give you an idea, the outperformers in the dow, the blue chip index at 41,919, down 221 points, one half of 1% decline. the broader s&p 500 is at 5731, down 82 points, or about 1.5%. now, the key level to watch for some traders is 5699. that represents the 50-day moving average, or kind of medium term trendline for the markets. w

the american company meta owns instagram.ricts the use of the inverted red triangle, as the inter-register magazine wrote , the reason for meta's decision is that the red triangle has become a symbol of the palestinian islamic resistance and its fighters' attacks on the positions of the zionist occupation in the past year , and now meta uses it as a sign of support for users. they know about hamas since october 7th of last year and the implementation of operation storm until now , social media users have widely used this symbol to express solidarity with the palestinian people and protest against the crimes of the occupying regime are used. the thousand-year-old global tradition of carpet washers today coincides with the second friday of october, with the presence of a caravan of lovers and devotees. ahl al-bayt, peace be upon him, started in mashhad, ardahal, kashan. in this ritual, more than 2,000 people from the people of fin kashan, wearing the clothes of the members , took part in the traditional religious ritual of qali

for meta, the growth of its reality labs division will also be in focus.eme when it comes to amazon's aws unit and microsoft's azure. and finally, analysts expect strong growth from apple's iphone segment. but they'll be watching for any weakness in china and the broader consumer electronics market. she will have a very busy week. martin bryant is founder of technology consultancy big revolution. which of these companies will you be watching for most and why? you be watching for most and wh ? ~ ., , you be watching for most and wh ? ~ . , , why? what will be interesting is google- — why? what will be interesting is google. like _ why? what will be interesting is google. like microsoft - why? what will be interesting is google. like microsoft and| is google. like microsoft and amazon, google has a big investment in al, so as you correspond to a saying there, ai will be a big focus there. it has really made an impact in terms of its cloud services division, so where it provides remote computing facilities to businesses. but beyond that, since its last quarte

stuart: meta also way down. lauren: still, another quarter of double digit earnings and sales gains but it's ramping up spending on ai and that's reminding some investors, oh, remember when they spent so much on the meta verse. this is a stoppage up 67% this year and small loss, nonetheless they're both strong companies moving in the right direction in terms of where the economy is heading and they're there. stuart: meta and microsoft pulling up again and way down. lou basenese with me. kevin o'leary was with me saying this is a huge problem and that's the cost of implementing ai. these companies have to shell out tens of billions and that's hurting their stock. >> it's $200 billion expected next year to put that in perspective and the collective profitability of meta, amazon, alphabet and microsoft is about $75 billion a quarter. they're spending three quarters worth of profits to build out ai next year. they'll have one quarter of profits leftover. we saw this with amazon and building out and this is building

has given meta this new life.ery popular among developers, among lots of folks, and that's really what's going on. they're still upping their cap-x spend and r&d for 2024, and that's the piece that investors are slightly worried about. stuart:99 -- it fascinates me. the magnificent seven combined are worth more than the stock markets of england, germany, canada and japan. have you ever seen anything like that before? >> we've never seen anything like this before. and, institute, this is -- stuart, this is basically a winner takes all market in a few categories, a.i., cloud, digital ad sales. these things are all relate to the fact that these companies have massive networks of users and massive amounts of monty monetization on each of those. stuart: the times in which we live. ray wang, thanks a lot. see you again soon. we're coming up on 9:30, the opening of the markets. we're going to open a little lower pretty much across the board. i don't know how low. how we close is another story entirely. the young man pres

then we have got meta, they're facing a lawsuit over teen social media addiction.a federal judge in california basically said that meta can, must go through with the lawsuit. so meta had filed to dismiss the case, and the judge said, no, i'm not going to dismiss the case. basically, a group of states that had brought this lawsuit have done enough to prove that the case must go forward. basically showing that this there were a lot of misstatements when it came to what meta was saying about the concerns of mental health with some of its teens who are on the platform. so it's going to be a long, drawn-out fight and baaing, but for now -- battle, but for now, the case will go forward and not allowing meta to just dismiss the lawsuit. stuart: they've done extremely well recently, $579 stock, off $7 so that's not a huge selloff. bitcoin was going straight the up this morning, of 67,000 and change. 67,7 right now. that's the highest level since july, i think. >> the yeah. and you're getting multiple-week highs on bitcoin. and, you know, stu, usually i try to come here wit

this is the the scary— products of meta. can simply look at someone and get their personal incident information from them purely by facial— information from them purely by facial recognition. i think facial recognition. ! think that— facial recognition. ! think that is— facial recognition. i think that is scary. august of this is not — that is scary. august of this is not that technology was intended to do, but the fact it can he — intended to do, but the fact it can be used in that way shows you the — can be used in that way shows you the power of this technology and that is something we must be wary and mindful— something we must be wary and mindful of that yes, technology may he — mindful of that yes, technology may be created with the intention of being good, but bad guys can get a hold of it too — bad guys can get a hold of it too i— bad guys can get a hold of it too. i applaud the students because _ too. i applaud the students because they have showed a vulnerability in the system and it clearly— vulnerability in the s

>> well, joe, with met tall sh meta shares doubling, expectations are high for meta going into the earningsgher going into the morning. analysts expect meta to grow its revenue, 18%, a slice deviation from last year's 22% growth. while earnings protected by 2%. and meta will be in focus, a possible headwind for the stock. as a positive impact, though, of a.i., after last quarter, met tall boasted that its a.i. assistant is on track to be the most used in the world. and it explained how a.i. drove results for advertisers and in effect for meta. now, there's other key areas to watch as well. meta's progress monetizing wheels, plus some tough comparison when chinese retailers were spending on ads. joe, based on what we heard from reporting on companies yesterday afternoon, the market is pretty healthy. there seems to be robust ad market commentary there. we'll hear about all of that and more when we have an exclusive interview this morning with s.n.a.p.'s ceo evan spiegel coming up in "money movers" and 11:50 a.m. eastern and, joe, we'll have the earnings after the bell. >> yeah, so many thing

as the intercept magazine wrote ellat, meta's decision is that the red triangle has become a symbol of palestinian islamic resistance and the successful attacks of its fighters on the positions of the zionist occupation in the past year, and now meta considers it a sign of users' support for hamas. since the 7th of october last year and the implementation of al-aqsa storm operation, social media users have been relying on this symbol to announce. they use it with the palestinian people and protest against the crimes of the occupying regime. the president of the united states expressed doubts about the peaceful holding of the elections in this country. referring to the events after the 2020 election and one month before the election, joe biden said that he does not know whether the election will be peaceful or not, because of what trump said. and things that happened during the previous election are very dangerous. on january 6, 2021, 16, 99 trump supporters, who were not satisfied with the election results, attacked the congress palace , and as a result, 5 people, including a force, we

ladies you cannot just eat one. >> this is scandalous you look at the tech giant amazon and meta and apple in particular on what the justice department could look at next. >> but moved a sad story hurricane for florida, north carolina hurting badly, were business and hotels in the business angle. >> the business angle it could've been much worse. it was a devastating week for florida and helene two weeks before that but a situation where we will start to see this come out in q4 earnings, travel companies, the theme parks, airports and airlines they took it on the chin, unfortunately working to see that show what the last time disney closed for en was a two day closure it set them back by $18.5 million, no change, interestingly on the flipside we saw the insurers got a little bit of breathing room with all of this because tampa did not get the direct hit the stocks did rebound on friday after everything calmed a bit, it's an interesting guy play and housing is another big factor of this when you start to see the big storms the anxiety level starts to rise and you have a lot of people

and if you look at what meta said last night, microsoft, meta's going to be spend spending more on infrastructureoft still can't keep up with demand. charles: right. the only thing holding them back, let's show the audience, start with meta. when you look at the numbers themselves, it's just -- forgetting about where the stock is or if it was priced for near term perfection, it's sort of mind-boggling, right? if you've got the advertising part of in that that we didn't talk about, 19% year-over-year,, the family of apps, overall revenue if up 40%, operating margins, 43% margins, up 2 percentage points. this would be an ideal, you know, business for anyone. and, you know, the idea that they're investing which -- and they a said, listen, we're going the continue to invest as much as we can. now, meta got in trouble before, but that was for the metaverse kind of thing. i think the reaction today is it feels like it mine overdone. >> i thinks it is. meta's holding in our liver more etf as well, and when you think about companies that have benefited from a.i. so far, i think meta is probably the one t

investors not happy with earnings reports late wednesday from if moth and meta -- microsoft and meta, same with uber and robinhood, down big, all of them. half an hour ago we received a new reading on inflation. it's the personal if consumption expend hur churl -- expenditure number. it's up 2.1% in the last year, as expected. there's a selloff on wall street. the dow industrials down over 2020 to, nasdaq i down about 150 to, s&p down 38 points. that's the market. plenty of red red ink in the very early going. bitcoin at $732, 10 -- 722,10 -- 72, 1000. the yield on the 0-year treasury, it's over 4.30, and the 22-year is around 4.17 last time we checked, now it's gone up to 4.18. oil, $68, 69 a barrel. creeping just a little higher. the price of gas, regular, $3.13. $3.57 for diesel. on the show today, elon musk hauled into court to the explain his $1 million a day giveaway lottery for people who sign his we its. critics claim that is illegal in a political campaign. and the yankees blow a 5-0 lead. the the dodgers win 7-6, and they take the world series. october 31st, yeah, halloween,

. >> yeah, meta is in a great spot they continue to take market share.y're in the right position with ai. zuckerberg has been lifting weights and wearing cool tfx shirts with the necklaces and staying out of the way, and i think advertisers have appreciated his workout routine, which is helping the overall business and we continue to think that consisting mid-teen growth, you're on a pathway to give to $30 of earnings power. if you look at other leaders in ai, microsoft, nvidia, others, they're all trading at 30 times earnings, if you get to $30 of earnings power in a year or two, and you merely put a mid 20 multiple on it, you're going to get a much higher stock. so we think, again, that the risk is the stocks had a big run, many things i'm talking about are knowing they have had a great trajectory do they have to raise cap x higher we think that there's a risk, do some of the advertising data points start to soften as we get outside the election cycle there's a handful of concerns that we have, that we do believe, again, in this durable 25 to $30 earni

you get meta and consumer holding up well in the last few years and it's been a bull market. jackie: i still think it keeps going. brian: two year anniversary of the bull market. taylor didn't bake a cake for the anniversary but i bet charles will do something to celebrate that and the fact he's coming up right about now. charles: i'm going to cut cake in my room. how'd you know? how'd you know? aa or as degree afternoon, everyone. i'm charles payne and this is making money and breaking right now, just like elon musk is with the spacex star ship, the stock market breaking ground and defying investors and will it rocket higher? should you be buying moon shot stocks? gary c kault baum is on deck. cody sanchez says the silver lining and hear my take on why extreme greed for everyone including retail investors can be good. all that ask so much more on making money. gagarmin charles: watching that weekend star ship and gave the world a sp spectacle and reignis drdrdreams and makes you think n do anything. and the most powerful rocket taking to the skies and came back. the stats ar

now we await amazon, microsoft, apple, and meta earnings next week. i hope you get sleep before that part of earnings season. we will bring in bloomberg technology cohost ed ludlow. there's a lot to set up for. but what i am wondering is, how high is the bar for these companies? which of the companies are most vulnerable to these skyhigh expectations? ed: the bar is higher. it is so interesting. it sentiment to the magnificent seven has changed since the summer. tesla was a surprise because it beat expectations in a big way and its outlook was one for the both. basically the mag seven group peaked in july. we know they were such a contributor to the s&p 500 the first half of the year. since july they have fallen away. there are questions of valuation. it all comes down to earnings growth. for all of the investment in ai and capex what are they showing in translation to earnings. if you take those announced next week or strip out meta and cleared nvidia, earnings growth expectations are less than 20%. that is still big relative to the index overall. it