gene munster of luke ventures. any thoughts here based on our conversation with gene >> yes i mean, i still think the growth is there i mean we talked about it yesterday. 59% growth rate for azure is 59% growth 35% for aws is 35% growth. i think there is huge opportunity if you don't have a position in amazon you can get one at a very, very fair price >> okay. let's shift gears from one part of the tech trade to another kmip maker intel spiking after hours. let's get to john fortt at headquarters. >> just licensing to the call with bob swan talking i'm bringing you the latest there. just to get the first details out of the way it was a beat on the top and bottom from intel. far and away they also raised the full-year guidance by $1.5 billion ceo bab swan on the call talking about supply which is a crucial new for sbrel. they haven't had enough it's been frustrating for pc makers and others wanting to get more from intel he did just say that they do expect increased output for q 4, the supply will be up double digit

liz: gene munster, always a pleasure to have you. libra scales getting weighed down, yes, but could ignoring the crypto craze leave the u.s. government behind the curve? with the dow down 36 points and the russell 2000 also lower, and the closing bell about 38 minutes away, central bankers in more than 40 countries, including china, are well into creating their own currency-backed digital token but the good old usa is not one of them yet. in a fox business exclusive tomorrow, the man who is way ahead in the crypto blockchain game, creating and acquiring super-secure block chain networks that trade everything from crypto coins to bitcoin to foreign money. brad garlinghouse here tomorrow. just how far behind is the u.s. and could the china coin put the u.s. dollar in long-term jeopardy? blockchain also at the center of a wild corporate drama. up next, what former overstock ceo patrick byrne now tells fox business is the real reason he dumped all his shares in the e-tailer he founded. charlie gasparino breaks it next. [ orchestral music

luke ventures founder gene munster why do you think the stock is up so much? >> melissa this is a great quarter for them i reluctantly use the word great because i think it's such an emotional stock one way or the other and i don't want to pick sides and i want to stay straight and nay narrow down the road specifically in hindsight they kind of told us this would happen in the june letter. they've been recognizing some revenue from the deferred component. that's probably the biggest missing piece between the revenue fractional miss and strong earnings. they have $880 million in deferred revenue last your they've 370 million recognized over the last year pu the increment thele piece we learned from the letter they put out was they still have nearly $500 million to recognize going forward. and so what that probably means is a portion of in upside in earnings maybe considered a third or half of it was related to deferred -- essentially 100% margin revenue that came from the full self-driving feature they've been selling the reason why that is an important factor

gene munster to fwrad the results much more "fast money" coming up non-seasoned travelers.nd they took my toothpaste away. and you should be mad at people who take unnecessary risks. how dare you, he's my emotional support snake. but you're not mad, because you have e*trade, whose tech helps you understand the risk and reward potential on an options trade it's a paste. it's not liquid or a gel. and even explore what-if scenarios. where's gate 87? don't get mad. get e*trade and start trading today. by the way, she's the it wasnext mozart.g day. as usual we were behind schedule. but sophie's enthusiasm cannot be dampened. not even by a run-away donut. we powered through it in our toyota prius. because a star's got to shine, no matter what. it's unbelievable what you can do in the prius. toyota let's go places. robinwithout the commission fees. so, you can start investing today wherever you are - even hanging with your dog. so, what are you waiting for? download now and get your first stock on us. robinhood. ♪ the amount of student loan debt i have, i'm embarrassed to even say

we have full team coverage to break down the results gene munster firing up the red phone in minneapolis we begin with jewely boorstin riff in los angeles. julia. >> melissa, netflix shares soaring now up 9% despite lower than expected guidance investors reasaurd by better than expected earnings per share as well as better than expected international subscriber growth in the quarter netflix adding 6.3 million international subscribers. above projection while u.s. subscriber growth did fall short of expectations. but investors may also be reassured by ceo reed hayesings giving frank comments in the letter to shareholders with competition. this of course comes ahead of disney plus and apple tv plus launching next month hayesings saying they've been preparing for this new wave of competition for a long time, writing quote the launch of new services will be noisy, maybe modest headantened near term growth we have tried to factor that into guidance. in the long-term we expect to continue to grow nicely given strength of service in the large market opportunity now the other bright spot that ha

let's talk about this story —— he was the director of munster.d plans to provide high ag coverage to 90% of the uk by 2025. she wants telecoms operators to stump up millions of to make that happen, so the likes of ee are investing 530 million in a rural network. you're watching worklife. a reminder of our top story: britain is awaiting the eu's decision on a possible extension to the october the 31st deadline for brexit. meanwhile, prime minister boris johnson is urging an early general election in december. clear as mud, as ever. now, according to our next guest, we spend 90% of our lives in buildings, so it follows that our health and wellbeing are significantly influenced by the built environment. but how safe is your workplace and the air you breathe in it? bre group, or the building research establishment, is one of the world's leading research groups in this field. gillian charlesworth, chief executive of bre group, is with us now. ina sense, in a sense, it's a fascinating time for you and for us to be having this discussion. it's a world w

whether we're right or not i don't know. >> let's bring in fast money friend gene munster. gene, great to see you again. >> hi, melissa. >> what did you make of this quarter? >> solid quarter another reminder that google is the oxygen of the internet 22% revenue growth compares to 22% in the previous quarter. this is adjusting for fx surprisingly they have grown their revenue in the 20% to 24% range for 17 quarters. if you look at facebook, 17 quarters ago it was growing in the mid-50% and now it's growing at 25% so that is the definition. google is the definition of defying the law of large numbers. i think that theme of being the oxygen of the internet plays through where the stock is at today. effectively we're close to all-time highs this is a $900 billion market cap. i think that it was a solid quarter. one other piece that jumped out at me was the paid click number. so that is the -- excuse me, the clicks, was up 18%, a slight deceleration from the mid-20% last quarter but the cost per click or what they get paid each click was down 2%. it was down 11% in the previous

in the pro 14, munster have gone top of conference b — after beating the ospreys 28—12 — michael haleytheirfour tries. ospreys have won just one of their first four matches. a win too for ulster. they beat cardiff 23—14 — billy burns with the second of their two tries. ulster stay third in conference a — but move level on points with leaders the cheetahs — who play connacht tomorrow. it looks like lewis hamilton will have to wait till next weekend to secure his sixth formula one world title after struggling in second practice for sunday's mexican grand prix. ferrari's sebastian vettel topped the timesheets and was almost a second quicker than hamilton, who could only manage fifth. the reigning world champion needs to finish least third, and get 14 points more than mercedes team mate valtteri bottas to claim the title. scotland's josh taylor takes on the usa's regis prograis bidding to become the unified superlightweight world champion this weekend. the pair weighed—in earlier today, but the american was an ounce over the 10 stone limit, so he dropped his under pants to make the weight.

to discuss, i am joined by gene munster, and david welch.id, let's start with you. 97,000, a record, but not 100,000. good or bad? >> it is a record for them, but not a record by much. hey could probably get to 100,000 if they pushed. i wonder if he hadn't said anything, if shares were reacting better, because it really was a solid quarter. more alarming for investors, most of the vehicles now settled are -- sold are lower margin s,el 3's, and less model model x, the really expensive vehicles, so where are the profits coming from if you are selling these lower margin vehicles? >> gene, what is your take on the 97,000 number? >> i think it is a great number. also, it would be perceived as much better if not for the friday email. here,k there's two topics what's going on with the fundamentals of tesla, and the communication around the story. and elon musk continues to say things that aren't good for the stock, in this case. if we look at fundamentals, whic at should be most important, the fact they got a record. incontext puts them loosely on

to mars, earth and mars where only allied on the same set of the sun once every 24 months, or 26 munster what that means is where to be willing to stay. we need to learn now to live and work on -- >> right. >> that's what the moon is all about. >> that's going to be very interesting. exciting times and that whole program was dead when i took it over. when we came into office, and something that mike likely much and i like very much, and you both are doing a fantastic job and abusing a fantastic job. it's been totally reinvigorated. i think to a level that is never been at and we are also thinking in terms of defense. we have the space force happening that's going along very nicely as you know. we are creating a new force and is called the space force and that's a big thing. that will be working along very closely with you, so that's beyond going to the moon and mars. that's also defense of our nation. >> that's right. >> which is very important. >> anywhere there's commerce it needs to be defended. we are industrializing space and is going to be an export for the united states and that's

taylor: that was gene munster of loup ventures and bloomberg's david welch.ebook also was in the news this week as ceo mark zuckerberg appears poised to take on the u.s. government if senator elizabeth warren wins the presidency. that is from leaked audio obtained by the verge of zuckerberg in a july meeting with employees. mark: with elizabeth warren, who thinks the right move with facebook is to break up the company, if she is elected president, i would bet we have a legal challenge and i bet we would win the legal challenge. so you know, does that still -- does that still suck for us? yeah. i don't want to have to have a major lawsuit against our own government? i mean, that is not the position you want to be in. we care about our country and we want to work with our government to do good things. but look, at the end of the day, if someone is going to try to threaten something that existential, you go to the mat and you fight. taylor: mark zuckerberg also spoke on other topics, including cryptocurrency libre and china-based app tiktok. i spoke to a represe

taylor: that was gene munster of loup ventures and bloomberg's david welch.acebook also was in the news this week, as ceo mark zuckerberg appears poised to take on the u.s. government if senator elizabeth warren wins the presidency. that is from leaked audio obtained by the verge of zuckerberg during a july meeting with employees. >> i would bet that we would have a legal challenge, and i would bet that we would when the legal challenge. does that still suck for us? yeah, a major lawsuit against our own government? that is not a position you want to be in. we care about the factory and want to work with our government. day, at the end of the someone is going to try to threaten something that existential, you go to the mat and you fight. taylor: mark zuckerberg also spoke on other topics, including cryptocurrency libre and china-based app tiktok. for more, i spoke to a representative who lobbies on behalf of companies like facebook and google, and bloomberg's sarah frier, who covers facebook. >> is not only a matter of regulating 20 different companies. let's

and also prevent flames from spreading munster able to contain. >>the spread of the fire then they're in good shape. but until that point it's going to be busy along this roadway and certainly throughout town guys are ville felipe all kron 4 news. >>course, this is a good reminder to make sure that you are ready take notes make sure you have all the things on your screen ready to go in the in case of a wildfire threat. make sure you have an updated con tack list you know during an emergency are you on medication you need to have all of your medications ready to go have an emergency contact list with you have an extra battery for your cell phone may be an emergency supply kit and you need to keep that kid fully stocked as well. you know if there's a power outage have a generator, especially if you own a business or you're in a residential area that a generator is always a great thing to have. make sure you have the kron on happ it's available in our app ap store in the app store. the pay wall is down. so that means it's it's complimentary and that

wins for the dragons, the cheeta hs and munster.rld championships at stuttgart. they are through to tuesday's team final. that is it the sportsday from me and jane. more through the rest of the evening on bbc news, but it is goodbye for now. good evening. i think you are in the right place this evening. thoroughly miserable out there for many. heavy rain spreading eastwards across the country as we go through the night. worst at the moment is northern ireland but it will clear and things will turn drier. heavy rain spreads its way eastwards across wales, scotla nd its way eastwards across wales, scotland and england. it will become more persistent and heavy. central and southern scotland will have the most during the night. rivers are swollen and there will be lots of surface water and minor flooding. brighter start towards western areas but breezy and one or two showers. persistent rain in central and eastern scotland. that will turn lighter and patchy during the day and skies will brighten. down the most eastern counties of englan

risk of not flying that much because the only consensus had censor ministerial arrivals to italy in munster and these are got arrivals to greece and spain that's right now the majority of the arrivals regularized to europe india i mean treatment why you describe it in the way you just have i mean it occurs to me correct if i'm wrong here it's something of a work around i.e. the existing pan-european legislation that comes to dealing with migrants last refugees is inherently flawed because it basically goes back to the aftermath of the 2nd world war. yes right it's not just that we have actually let's say a routine dui which is that probably a regulation that says that the or no sign of c.s. coming from outside the e.u. should be processed by the 1st country of arrival and that's not something say but mostly they should and so in dns of the countries the 1st arrivals faith the priests have always asked you countries to come in and join in this league parity and say ok we can take and relocate some of these and help you find we want it at least their requests to maybe take care of their reten

i want to pull up a quote from gene munster. i spoke with him yesterday. he said when a company talks about delivering 100,000, you are hoping for 102,000, not 97,000. this is a credibility hit, classic textbook example. is managing expectations this company's biggest problem? >> it is not the biggest problem, but it is funny this is the time people are calling for a credibility issue. they said they were going to be profitable every quarter. they have burned close to $1 billion. they talk about funding secured, selling hundreds of thousands of cars. the biggest problem is tesla is not making money, and it looks like it will be worse in q3. there are things, levers they can pull, but if you look at the $408 million loss in q2 and think about q3 and asp's are down $3000, if you assume $200 million in revenues and full self-driving revenues and give them credit for no restructuring, you still come to a roughly $400 million loss, if you assume asp's are down $3000, which is fair from so i think it will be ugly this quarter. taylor: from the demand perspective

the s&p is up 49 joining us, luke ventures founder, managing partner gene munster and mike santoli goodning to you both mike, session highs here, make sense? >> it does as a tension release. market has been capped, perhaps entering some escalation or now deescalation makes sense where we have been we finished september around 3,000, went down a few percent, giving back, retaking the same few percent. it makes sense given how subdued investor sentiment is. you have a lot else going on treasury yields take flight. uninverted the curve a lot of things we harped on are sienls signs of risk of outlook are less and removed i think that's why you have a relief trade today. >> gene, across the tech universe, so many names are rallying in the midst of broader trade optimism what names do you like and would you be playing some of these potential trade headlines now with stocks or would you steer clear? >> i think the trade is going to work itself out. i would largely steer clear. to answer the question where i would be investing, ultimately i think at the top of the list is apple. i realize the p

apple, chris grisanti with us and jean munster joins us.t bull on apple since time began. the number that floored me , therday was services fortune 70 company. you have a vector when service overtakes product? gene: it is still a long way away because it is 20% of revenue in the hardware, 90 -- 70%. i want to renew the point around expanse and an impressive take away, the part that jumped out to me was services and wearables, this is the new ad over the last few years, it is the highest bid percentage, grew at 29%. you have the iphone down 8% and this other is not doing well. tom: we showed the iso you can do on the new camera. , when youct of god throw it in the dark room. we said we are going to put giveer on, but only if you us a some of the parts valuation. what is it? gene: this is worth 350 or potentially better. i would put a timeframe on that, one to two years. the sum of the parts is the traditional way to view this. i am advocating that we are entering a phase where investors should think of this is a consumer staple business. the

. >> jimmy: what about "the munsters"? did you know about that one?nd of the same idea -- >> i grew up in south africa in a very -- not a good time. >> jimmy: right. you missed all the good shows. >> i did. a lot of other horrible things were taking place. so. >> jimmy: do your children understand that mommy's voice is coming out of the morticia character? >> yes. i think so. >> jimmy: do they care? >> the first animated film i did was a film called "kubo and the two strings." and i didn't tell them anything because i just wanted them to enjoy the film. and you know, but secretly i was hoping they would get it. and within two seconds the oldest just went "that's you." [ laughter ] >> jimmy: that was it, huh? i didn't get anything from my daughter. i played the dad in "boss baby." and i just sat there through the film staring at her waiting for a reaction. >> me too. >> jimmy: does that sound like anyone you know? [ laughter ] >> i'm so happy to hear i'm not the only weird parent. >> jimmy: it's really embarrassing when you think about it. but -- >> i

firefighters are trying to cut fire lines and also prevent flames from spreading munster able to containood shape. but until that point it's going to be busy along this roadway and certainly throughout town guys are ville felipe all kron 4 news. >>alright, felipe in sonoma county, some large animals evacuations, a under way for people and they're taking their animals of course they need shelter to absolutely the sonoma county fairgrounds. >>ready to receive hundreds of animals if necessary. our forces made yoon has information you need to know. >>large animals evacuated from the kincaid fire will find emergency shelter here at the sonoma county fairgrounds in santa rosa, and there is plenty of space up to 800 stalls to here says the ceo of the activate a facility for. >>large animals. regulation of large around midnight last night we had our forces come in around 2. we have around 43 horses here now we've got 2 meals a donkey african cranes and now a popular hit. yes, so we have a check in staff takes all your information. we put information on the stall. you are to make sure you come ba

meantime we can get gene munster.st and apple head when it comes to these things. gene joins us exclusively on all things apple. he will give us a sense, charles, what is it going on here. not only that, his pick at the start of 2019 was apple. it is up 44%. charles: great guest, the perfect guest in fact. even when wall street was writing off apple earlier this year he said make no mistake this is a juggernaut. can't wait for that, liz. thank you very much. >> you got it. charles: tune into "the claman countdown," 3:00 p.m. on fox business. the markets are searching for direction amid trade optimism. we'll hear from the president in less than an hour when he signs the u.s. trade deal with japan. how that could impact our negotiations with china. that's next. ♪. ♪ ♪ ♪ to the wait did frowe just win-ners. prouders everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so you only pay for what yo

and apple gichg the annual subscription with every device purchase gene munster dmimt estimating theillion devices next year and a busy week friday a.m. tv launches and netflix releases martin scorescy the irishman before it releases next month. >> a lot of pressure on these guys, dan. >> disney is really interesting. i love that verizon announcement in company reports next week and i suspect they don't have an update on the stuff people want to keep it where it is but that may be a great opportunity baug because back in april when the they launched the service the stocked launched the gap. it's bon been above that i would love to see the gap philamena would be a great opportunity to buy this stock in the 120s i want to want to owe this in 20. >> say what you want about at&t. they reported yesterday and gave the capital guidance and allocation plan making a little bit of sense hard to say they're adhering to it or hit the numbers. but let's play the game and say they do. currently valuation makes the stock cheap. good for at&t for having some vision they invested a lot over the last

risk of not flying that much because the only consensus had censor ministerial arrivals to italy in munster and these are gut arrivals to greece and spain that right now the majority of the arrivals regularized to europe india i mean treatment why you describe it in the way you just have i mean it occurs to me correct if i'm wrong here it's something of a work around i.e. the existing pan-european legislation that comes to dealing with migrants last refugees is inherently flawed because it basically goes back to the aftermath of the 2nd world war. yes right it's not just that we have actually that that's a routine dui which is that probably a regulation that says that all of us and them see guests coming from outside the e.u. should be processed by the 1st country of arrival and that's not something safe but mostly they should and so in dns of the countries the 1st arrivals faith or the priests have always asked other e.u. countries to come in and join in this league r.t. and say ok we can take and relocate some of these and help you find we want it at least their requests to maybe take car

there were wins too for the dragons, the cheetahs and munster.rstone rovers to win promotion to the super league. formed in 2016, with the aim of reaching super league within five yea rs. toronto have achieved it injust three. the defending motogp world champion marc marquez is on the brink of a sixth world title, despite crashing for the second time in two days, in qualifying for the thai grand prix. he'll start third on the grid and he only needs to finish two points clear of his nearerst rival to take the title. great britain's women gymnasts are guaranteed a place at next year's olympic games, thanks to their performance at the world championships in stuttgart, where they've reached the team final. but there was no doubting the star of the show — the american simone biles performed two original skills in qualifying, becoming the first woman to complete a triple—double move on floor, and then a double—double dismount on the beam. both moves will be named after her. you know you are good when you get moves named after you. what would yours be?

alix: speaking of tesla, gene munster weighed in on musk's smith. -- on musk's myth.s a credibility hit. this is an example of not being-- of elon disciplined and having trouble managing expectations." this is a trough? do we have more to go? how do you view it? evan: overall, auto sales weren't great, but they weren't terrible. overall, the u.s. consumer is holding up ok. when we are seeing a decline in rates, that should be supportive of the consumer as well. we are not too flustered by that. we will see what the jobs numbers bring and what that means for consumer spending, auto spending going forward. alix: you have the gm workers strike, declining profits. you are having to sell a lot of these cars at a discount to get them off their lots. if you have a crimping profitability for the auto sector, what does that mean if it starts to roll over? does that spread? evan: the auto sector is a key, cyclical part of the index. autos don't look good, that is really not a good sign. i don't think we are heading lower, as long as we don't get the auto tariffs from president

the stock ripping higher zpoit a miss we have full team coverage gene munster is live in minneapolis.n digging in the numbers and continues to. we go straight to him

we have full team coverage stapg by to break down results gene munster firing up the red phone in minneapolis

munster calls the savings a bit of a fairytale as services start to crack down on password sharing.ubscribing to one or two platforms on average, that is forecast to double the next couple years. by next spring there will be more than a dozen major streamers, a number that may not be sustainable according to analysts. netflix is under siege. the stock down a third by record highs, neil. analysts, investors concerned over subscriber growth. cost of content and pricing power. the giant reports earnings next wednesday. we'll await update. neil: there are a lot of these guys. robert gray, thank you very much. elizabeth warren is surging in the polls. a lot of that directly tied in with the surge she had raising money but she is not getting money from the usual places. so that could actually work against her in a general election. we'll explain after this. atson. alexa: it's a masterstroke of heartache, brutality and redemption. the mist crept into the pivot hole beside her... you're late. david! what did you think of the book? it's a...masterstroke of... heartache...brutality... ...and

we've got full team coverage gene munster is in minneapolis to give us his take on the quarter but wen francisco with details on the

nor herman munster. >> i get votes urging me to vote for sean spicer. anyway, thank you very much. you saw her visit the texas state fair right here on "fox & friends." brian: seems like yesterday. >>e >> in the midst of it, abby what are you got for us there? [cheers] >> i tried to quiet them down. i'm in a danger zone right now. ainsley: what you didn't see was her visit next door to the cotton bowl for the red river showdown on fox nation on that series called american arenas. watch. >> no better atmosphere of a rivalry game half way in between right here in the middle of the cotton bowl at the texas state fair, baby. yeah! brian: abby hornacek is here to talk about that and so much more in your series. you are loving this series, right? >> i am loving this series, brian. you give me a lot of grief for it all the time that i have the best job in this building and i tend to agree. i'm very lucky. steve: so tell us about it. >> i went to the red river showdown and i try to tell everyone who has not been to that game it, doesn't matter if you are a coll

mulvaney,hts on mick susan is up first in munster, indiana, a republican.ou think about the askin acting chief of staff? i think he is being bullied and he never said quid pro quo. he said that crazy didn't -- has a right to make sure the country is not corrupt before he releases funds. outraged overne the quid pro quo that joe biden did? wase the son of a bitch fired the next day. it is a double standard and it is very sad. >> you think he is being bullied, do you think he is doing a good job as chief of staff, do you think he is serving the president well? >> i think he is and i think the president trust him. you cannot trust very many people in washington, can you. this is a democrat in hopkins park, illinois. englishhe said it in that it was a quid pro quo. he said it in english, he did not say it in latin. the lady that was just talking needs to turn off fox. the outrage over mulvaney was hubris. he got to running his mouth which a lot of trunk people do. he just told on himself. philosophytrong man where we have a strong man in america now and you are