since starting in 2003, palantir ed losses.n eras since starting in 2003, palantir has operated withntion to profits paid. let's bring in bloomberg's ed ludlow, who has been following this report. what are the big takeaways? ed: the company has been a beneficiary of the global pandemic. we know what palantir does, it takes data from government agencies, from private-sector corporates and helps them integrate all the different inputs, all the different data somebody would need to track and put it all on one platform. as one analyst put it, the coronavirus pandemic has caused data-driven chaos, and pelletier is a beneficiary of that. it grew revenue from government customers, from corporate customers. it signed its biggest ever commercial contract with an unnamed company in the aerospace industry. like you said, there has been no focus on profit here. since the company was founded by peter thiel he basically bankrolled it. it reported a wider loss than expected for the quarter, but it is focused on headcount and very much on stock compensation following that direct listing. emily: what

the stock is off of its lows, palantir. mixed.up a the disappointment has to do with the revenue outlook for the quarter. 52% sales growth. investors not liking that. and then cisco has a good quarter. they have been struggling the last year. this is a clean quarter. they beat the outlook. the stock rewarded the most of the earnings movers of the seven .5%. that networking company trying to transition toward software. you.: all right, thank we will talk more about disney and the other earnings coming up this hour. i want to get your sense of the broader market. around theertainty election. president trump refusing to concede. how are investors reacting to the broader climate? yesterday there was not much of a reaction. i would say the uncertainty investors are reacting to is the virus. on somer sign chicago degree of shutdown coming. more restrictions in new york. saw someors see, we decent declines into the close. the nasdaq 100 outperformed. down about half a percent. not even the tech stocks that could do well if we go b

those include things like palantir.usan: was your presence in the police department welcomed for the most part? sarah: that's an interesting question. i would say i was able to obtain a great degree of access, unprecedented in some ways. but there was a lot of variation in how i was received, i think. this is one of the things that this kind of ethnographic research exposes. there's a lot of heterogeneity in police department. for those individuals who were very proud of how the department was using data, they consider themselves on the vanguard and leaders in the field, and they were excited to have me there and show me the new technological tools they had. but at the same time, historically police have not been particularly receptive to researchers or journalists spending time with them. there was a certain guarded mess -- a certain guardedness or resistance and other spaces where they were concerned i was going to do a hit piece on them, that i was going to come in and do a gotcha story and leave. i think the resista

. >>> welcome back palantir out with its first earnings report since going public, seeing revenue uping 2020 guidance though it reported a loss of 94 cents per share. the shares are down 6% or so joining us now, a tech analyst with jeffreys. first ever quarter, not a hugely populated consensus to compare the numbers to on the surface, they don't look too bad. >> no, not at all. they beat the top line modest raise going forward i think the biggest concern was really just the 40 to 50% move in the last two weeks. you had a pretty sharp rise in the stock given the changeout on the government potential, i think there was some concern would this hold up in a biden administration so there was a little bit of a hangover on the government side. but they posted their largest commercial win ever, $300 million transaction. average customer size is going up again, the guidance for one quarter outlook is good. i think the biggest challenge for investors on this stock is really the lack of disclosure and we didn't get a lot of color about how next year is shaping up overall, good results. just a b

cybersecurity fast food and grocery deliveries where among your stocks to watch first up is palantirs are higher, it won a new deal with the u.s. army to help modernize its mission command software terms were not disclosed but by the way, palantir shares have almost doubled since its district listing ipo >>> stock number two, give me a burger with a side of tacos. jack thin the box reporting strn numbers. same store sales rising 12%, shares up only about 11% this year and remember in many areas, fast food is now increasingly the only restaurant available open to the public. >>> and finally, a extra sbr market sbeep ofweep of a deal the parent company of stop and shop is buying fresh direct >>> all right. sleeping on a star wars ship kinda, wonder woman streaming news and just exceptionally cute baby animal videos how is that for a mix? seema mody is back with more on the top trending stories i'm just waiting for the an map video. >> and i have it for you disney as has releasedmap video. >> and i have it for you disney as has released its star wars lactic cruiser ship, a two day exper

palantir, i mentioned, it is up over 11% 12%. just keeps climbing. melissa, this new cohort we talked about early on in the pandemic that seems to be replacing sports betting with stock picking hasn't gone away in fact, if anything it seems to have grown in importance, and the people who come on here who announce their spac deals at the time, they're looking to that cohort as well because they see that they like it that they move towards it, that it helps them send their stocks up immediately upon announcement of deals, which is very important. don't know how long it is going to be with us, but they are showing themselves to be a powerful force. >> they are here for now you mentioned tesla, that has been a favorite, of course among the robinhood traders, new to the market tesla is up since the announcement of its inclusion in the s&p 500. and that's in part powered by, of course, of course, more broadly managers who need to make their portfolio look more like the index, but, of course this has been a favorite among these retail investors, and that's

palantir report a big loss but it doesn't seem to be holding back the enthusiasm, nor are these marketsack other businesses from seeking ipo's. abigail doolittle has more. >> a lot of worries for the markets and also with palantir, you would think the stock would be down but we have a rally. it's been a wild ride for them. in the after hours yesterday, reacting to that loss, the fact that the revenue growth forecast was less than expect it. stock was down 5%, now up 6%. overall, a strong first quarter for the company to be reporting. sales in the third quarter up 52%. to someo did guide revenue growth for the year. you can see, since this stock went public in september through direct listing, skyrocketing, up 150%. -- 115%. investors really seem to be looking past that at this point, thinking the trends for the company, that's actually been around for 17 years, that perhaps more of the strength is ahead. you were mentioning this was a strong ipo year, goodyear to go public. another announcement today that doordash plans to go public on the nyse. look at these names that have gone public

euni eunice yoon will have more and plus palantir's first results since going public and jeff told youlikes them, so whatbanks might be good buys anton has specific stocks that he just loves including one pretty surprising name dow futures up 236 >>> making chips the back ben of the inter-web and numbers from the most secretive companies around, just some of the stocks that you need to watch cisco is surging up 7% after hours after report being better than expected first quarter results. the ceo saying demand held up. and he will giant squajoin "squ street." >>> and app materials posting rising sales and earnings growth and palantir reporting a loss of nearly $900 million in its first quarter as a public company, but that was mostly because of stock based compensation costs related to its direct listing ipo, data analytics and cybersecurity firm touted new contracts with the u.s. army, national institutes of health and one unnamed aerospace customer wofrth $300 million. >>> and now to more of the developing story involving tension between the united states and china the trump administr

there's a feedy frenzy in palantir over 380,000 calls double what we see in work right now. second trade, scott, lows. the march 170 calls, aggressively bought. this is one you normally see a lift into march and that is baz because, of course, people go in there to buy their early plantings, so forth, get a headstart on springtime. i'm buying these calls the nov 170s at about 153 bucks a shot >> thanks for that speaking of lows, steve weiss, you sold lows. tell me why. >> when they reported the quarter, which by the way i thought was a pretty good quarter, and i said, i've been thinking of selling it anyway. waiting to recover it to the old high and look at getting out i just decided that the stock is acting tired and even if it recovers to the old high, i have other places to put my capital, which i think will generate much larger returns i've done that and i also think that there's been a lot of pull forward to all these companies going back to what we discussed before. and that's not going to follow through to ad infinitum. >> thank you for that. coming up, ask halftime i

palantir pulled back the curtain, beating on revenue seeing growth of 52% during its first earnings reportat the end of september. palantir lifted guidance for the fourth quarter after citing 15 new contracts in the third quarter, shares up almost 7%. far fetch in fashion is swinging to a new high after the online luxury retailer saw revenue surge 71% last quarter. farfetched said it expects 2021 to be a game changer thanks to its partnership with alibaba. but neo in red after the short seller andrew lutz pulled the plug on his bullish call. he said now is the time for investors to cash out of the stock while also slapping it with a $25 price target. it's trading at $44.85 now. citron may not be neo's only trouble. up next, liz talks to another up and coming ev maker motor company. ♪ get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. keeping your oysters growing while keeping your business growing has you swamped. (♪ ) you need to hire i need indeed indeed you do. the moment you sponsor a job on indeed you

it would be good for palantir if president-elect joe biden wanted to do more testing and tracing. also, potential deals with other governments like the uk to do the same thing. just for perspective, this is a stock that opened direct listing, what, october 1st at $10. so it's up about $15 now. quite a bit. yeah. liz: perfect. lauren, great to see you. thank you for that update on all that is really propping up this massive rally. >>> we need to show you the relief rally propelling some of the names that were hardest hit by the pandemic. look at the airlines. take a look at jetblue. this was at its worst levels a $6 stock. jetblue jumping 23%. now at $15.19 followed by united airlines, up 19%, american up 16%. flip it to the cruise lines. carnival dropped to $7.80 during the grounding of cruise ships early on in the pandemic. carnival spiking 36% at the moment. it's now $18.74 followed by royal caribbean up 28%, norwegian up 26%. then we got to look at the movie theaters, guys. they took a brutal gut punch after being forced to shutter for months. amc entertainment, which at its wo

he also took stakes in two ipos palantir he bought for $21 million and goodrx worth $27 million. as with all of these 13 f filings, the stakes and values are as of the end of the quarter, the end of september and may have changed in the six weeks since. >> leslie, thank you a lot has changed for some of those in particular. i mean, mike khouw, i was thinking about alibaba and how much market cap it lost after the suspension of the n financial ipo. that's how greatly things can change from the end of the quarter when they're filed versus now >> yeah, that obviously was a big hit on chinese stocks. generally the tech stocks, what happened there but it is also a situation where somebody really liked a name, you know, at the end of that quarter, saw that news a lot of those stocks are hard hit. it's possible that they took that as a reason to change direction but it's also possible that they took that as an opportunity to potentially add to positions if they think that the situation could and will change at some point in the next 6 to 12 months >> carter, what's your take on some of

when should i buy it what happens is the price was way too low, palantir. >> we are seeing more of a natural price than it should have been. a good growth company. i can't recommend coming in after just double. i am going to let somebody else make that kind of money. it is too hard for me. >> dow 30,000. the 10 tipping points are behind this raging market and they're right here and you can see that probably the most surprising ones, markets welcome biden's transition and you know what is it great to not have to get up at 2:30 and see a tweet that trashes a company that you don't like them. today's quarter is looking smooth i am digging some number ws the ceo of ferguson. i know you want to watch that because it is the job for the over heated ev stock i always say i have the smartest audience in television toll cat i want you to stick with cramer. >> don't miss a second of "mad money," follow @jim cramer on twitter. have a question? tweet cramer, #madtweets send jim an e-mail to madmoney.cnbc.com, or give us a call 1-800-743-cnbc. miss something head to madmoney.cnbc.com. what if you

palantir shares down by about 2 1/4% when we come back, small business and stimulus.n us. we have already heard from the ceo of a restaurant company today who says they really need that ppe we'll see what the senate, the house might be able to do. 'lbeig bk.wel rhtac (music) anncr: give customers access to precisely what they want, when they need it the most. with adyen, the payments platform that delivers convenience for all. adyen. business. not boundaries. you're choosing whento get connected to xfinity mobile, to the most reliable network nationwide, now with 5g included. discover how to save up to $400 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come into your local xfinity store to make the most of your mobile experience. you can shop the latest phones, bring your own device, or trade in for extra savings. that's simple, easy, awesome. visit your local xfinity store today to ask, shop, discover the latest on xfinity mobile. >>> welcome back to "squawk box," the united states shattering the previous record f

stuart: then palantir, okay, they are up this morning.it might be profit taking here with we did see declines in the premarket and the after-hours, after the stock had run up close to 50% since its public debut. they had a strong quarter, crushing estimates when it comes to profit and sales, even raising their sales guidance for this year. how many companies, though, are going to be able to use this company's services in the future because they signed up 15 more contracts from july to september and the concern from the analyst community is new customers. usually they work with governments, right. they do work with airbus as private clients but they have 125 customers on the books but how many other people are going to sign up to use palantir? that's a question mark out there. however, you do have predictions that the stock, $15 seems to be the average call, $18 is the street high. stuart: as we keep telling everyone, that is the company that helped find osama bin laden. deep dive into their data bases. susan: data analysis. stuart: well d

essentially they have a platform gotham called palantir where law enforcement agencies and other clientsre able to aggregate spirit sources of information and visualize them in certain ways. for example, the police might have their own crime data, but you can build out these networks were somebody at the center of the network might have direct police contact and be stopped by the police, for example, but there is a secondary surveillance network -- let's say i was stopped by the lapd and you never have. i called you on a phone and now your phone number is associated with it. or i was parked outside of your house. or it has information on who i am dating or who my siblings are or where i work. thisave radiating out secondary surveillance network of individuals who don't have any law enforcement contact. that's one way to use it, to visualize different sources of data. it is also used for investigations. for example, there was an instance in which there was some copper wire theft going on in the city, and they were able to basically draw a radius and mapping had the function, and they were

you see moves in stocks in these early trades whether it is palantir or carnival cruise lines or tesla, but they're here and they don't seem to be going away >> no. and because they have gotten positive reinforcement largely if you start on the premise this is kind of play money, it is a little bit of a video game, and i don't mean to belittle it, it is -- it is numbers on a screen and lines on a screen and playing them and rooting for one direction and you're thinking you have skill added that's what it is. there is a new energy in the market for that. an emotional sense that it is not just disciplined algorithms that know what the right cell levels are, that will keep things within the bands, and so there are secs a there are secs s there are secs ections of the me like ev, like cannabis, and like old energy right now, which is flying, because it is all beaten down to low price and high data, it is in there, i don't think that, again, that's how bull markets act s s act on some levu welcome it and fear it at the same time, carl. >> that's a great point, to your larger point about ene

palantir is at $35. $450. but there also has seen its called all -- moderna has seen its call volume spike after the vaccine and outspent. at the moment, for every put, there are two calls being traded. guy: thanks very much, indeed. let's continue the conversation about what is happening with moderna and pfizer. pfizer is going to face the da emergency use of authorization panel -- the fda emergency use authorization panel. are these done deals that they will get approval? sam fazeli, bloomberg intelligence senior pharmaceuticals analyst, joining us now to talk about this and much more. let's start with these mrna vaccines. is it a done deal that the u.s. will approve? hi, guy. which not seen anything in the limited amount of data we have seen to date. nothing has happened apart from the press releases. based on that data, it seems fine, but there's a lot more questions we need to ask, and the regulators will do. based on theply data we have seen today, it is yes. kailey: can i ask you about the astrazeneca v

. >>> one stock bucking the morning's trade is palantir.sz up 82% over the past month third point in george soros both disclosed stak irentesn ce days. will we'll have more on that more "squawk alley" in two minutes. keeping your oysters business growing has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo still the big move. just more moving. still singing. just more in tune. still the gangs all here. just less "are we there yet?" the chevy family of suvs. making life's journey just better. now during the chevy cyber sales event, use $500 cyber cash on most suv models... to get $5,250 total cash allowance on most 2020 equinox models. visit chevycybersalesevent.com today. . >>> welcome back, everybody. here is your kcnbc update. chuck grassley is quarantining after being exposed to the coronavirus. it could jeopardize a procedural vote on ju

i'm more focused on companies like palantir, tesla, microsoft, apple, some of which have stalled, somell attract a lot of capital. retail to me is still suspect even though we are shifting to the get out trade. charles: your overall assessment on this market. we've got the c.p. effect going in, although it might have been the news that schumer and mcconnell are going to speak, something put a spark into this market. it feels like it's looking for a catalyst although consolidation is also not a bad thing, either. >> consolidation, people forget that buying and selling have to both occur. you can't have one without the other. i generally am very optimistic looking into 2021. i think it could be one for the record books. people are aspiring to get out. they want to get out. they need to get out. they want to go back to work. all the things that are normal in our world. great companies are going to reflect that. i think we've got a lot of room to the upside, even though we may have a little bit of selling against bad numbers from covid and concerns in the political arena. charles: so your

>> there are certain stocks, like apple, microsoft, palantir, executives who know exactly what they are doing they can grow despite it all. despite who wins. despite the virus. despite the fed. those are kind of stocks that attract me, changing our world going forward. a decade from now they are the ones you want to kick yourself if you don't own. charles: okay. i got you. mike, listen, you were bullish when everybody else was heading for the exits. i want to sort of ask you a different question about the composition of this rally. what do you make of it? because yesterday there were more losers on the s&p 500 than there were winners. so feels like it is not broadening out. how important is it that we eventually broaden out this rally? >> charles, great to see you. i agree with you, that it could and should be a more broad-based rally but i feel like trying to poke holes here in what is really a great rally an an overdue rally. we sold off into this and now we need more companies to be involved, yes. but remember this whole time the market has been climbing the last few years, a lot of

palantir reported its first results going public -- since going public.hey sell data analysis to governments and companies and dropped 850 $3 million compared to $140 million at the same time last year. they say their operations were more profitable when excluding stock days compensation a boosted forecast for a year by 44%. a chinese platform defined the antitrust guidelines from beijing which -- with shares surging after reporting a rise in third-quarter revenue. the shanghai-based company over $2 sales of just billion as a shift to online shopping continues in post covid china. soaring assuries there are concerns over more fiscal stimulus dragging the 10 year back. byerfect time to be joined pimco portfolio manager. it seems that at least for today , the covid trade was back, even were facingies supply concerns. especially when you have to factor in the potential of more fiscal stimulus measures. tony: great question and there was a lot of optimism at the start of the week from pfizer. but we would caution much of that view about the virus path is alre

we'll talk to chuck robbins later on this hour, there is palant palantir, door dash and a lot more as we try to rebound from yesterday's losses don't go anywhere. >>> big news out of door dash. let's get to leslie picker hey, leslie. >> hey, carl that's right they flipped their s1 to be public this morning showing pretty impressive topline growth revenue more than tripling year to date from 587 million in 2019 to 1.9 billion year to date in 2020 it is important to note they did acquire caviar at the end of 2019, but there is no denying that this company certainly benefited from the uptick in deliveries during the pandemic their net loss narrowed by 72% during that time to 149 million and posted profits in the second quarter of this year, but then turned back to net losses in the third quarter of this year now, how do they make money? a lot of people have this question, they do generate the substantial majority of revenue from fees paid by customers and commissions charged to their merchants for orders completed through their marketplace. they actually give an example in the s1 where a

these are fundamentally very sound companies, whether it's door dash, firm, open door, airbnb, palantires are propelled uniquely by the pandemic some companies benefit in the short term, door dash, when there's no options except for order, takeout through door dash the company was extremely healthy before march it will be extremely healthy two years from now. >> very recently you made headlines by a decision to defect san francisco for the beaches of miami what's driving your decision >> california is the most overtaxed and regulated state in the country, no doubt about that but i think many of us were psychologically restricted in thinking about places to live before covid and before working remote and once we realized that maybe one could work successfully from a lot of different places and the network affect, lots of options where one wants to work, live and raise a family and san francisco is probably not the best place. >> we were talking in the last block, keith, about how overpriced or well priced the market might be at the moment. keerly there have been quite a few ipos in the l

the apples, microsofts, palantirs, all of which of i own by the way, full disclosure but to the point i think the elections are going to come and go. people have election fatigue. they simply want them done. i don't think the administration will matter if hope in a vaccine takes over. neil: interesting. john, keith was touching on some of those technology issues, they are the ones the last couple days taking it on the chin. i can understand they were the flight to pandemic quality in the rough times. they benefit amazons, apples, the zooms when we were sheltering but could there be something more going on amongst some of the bigger players, the fact they will likely be targets of a democratic attack line all but says you've all grown too big for your britches? what do you think? >> let's hope not. my view is always that the natural state for individuals and corporations they work for is growth. and so i think what the markets are saying right now is that amazon is unique as you point out. it did especially well given the view we're going to be locked down for quite some time. no surpr

. >>> palantir jumping 20% today after a number of funds disclosed stakes in the company including thed first up is this exquisite bowl of french onion dip. i'm going to start the bidding at $5. thank you, sir. looking for $6. $6 over there! do i hear 7? $7 in the front! $7 going once. going twice. sold to the onion lover in the front row! next up is lot number 17, a spinach and artichoke dip, beautifully set in a hollowed-out loaf of sourdough bread. don't get mad get e*trade and get more than just trading investing. banking. guidance. get e*trade and get more than just trading ♪ ♪ (people greeting one another) it's coming in to catch up with the owner. the curated collection you can't find anywhere else. and how she sets aside those pieces she knows are so "you." the small details are a big reason to come back and shop your favorite small businesses. we know them. we love them. so let's go shop small. with american express. ♪ ♪ but before we sign i gotta ask... sure, anything. we searched you online and maybe you can explain this? i can't believe that garbage is still coming in. that

it's hard to put a number on it but if you look at moderna, if you look at j&j, pfizer, video or palantirw tech stocks, you have a situation where you can go mind gold or sell to the people who will dig for it. i would rather shell-- cell picks and shovels because those are must-have items and last time our checked our world needs technology, medicine, energy to make it go around the. stuart: great ways to start a monday morning. keith, thank you for joining us. next, nvidia, a great company. always a big tech stock that has done well and now, susan, the avenue price. susan: $210 on the stock in the future. they say it will trade higher and we know it's now the world's largest chip maker, had an awful week last week, but again this is about profit taking from the winners during the locked down and they are still bullish on this stock. more than doubled so far this year. definitely a winner. longer-term analyst sake you have to pay up for future sales and it's doing well in providing chips for future businesses like cloud, gaming, artificial intelligence representing the nearly 90% of its

stuart: let me talk about palantir, deep data miners and i understand you work with the cia, pentagon you helped find out where osama bin laden was in some people because of that think of it as rather a sinister company. do you want to answer that one? >> sure. i was proud to help started 17 years ago. listen, the goal in mission was to always be the top private engine in the world and that means you are helping to get the bad guys been doing in a name way way to protect civil liberties. you make sure they are our audits and follow the rules better the technology the more people are allowed to do only what they are supposed to do. stuart: are you doing voter analysis of last week's election you have access to all kinds of information on just about anyone. doing any analysis that we are week after the election? >> the way it works is it works directly with clients to empower them to use their own data to solve the problems so for example helping 35 countries with their pandemic. it doesn't do the work itself in these days because i started-- i don't run anymore so i don't know what the

you had snowflake, palantir, asana and unity all in one single month, and it's set to be a record year at the end of september. so that's going to challenge the record amounts we saw going back to the 2000 dot.com bubble. debuts have been fantastic. again, that is close to a record as well. but this year has also seen disruption when it comes to fundraising because airbnb was supposed to go public in march of this year, then covid happened. airbnb actually had to cut their valuation, but if they go ipo, this is the largest unicorn around before the end of the year, looks like their valuation is going to hold around $30 billion or so, and even this is enticing somebody of retirement age like you -- stuart: i'm not retiring. [laughter] make that very clear. susan, thank you. still a big show still to come. dan henninger from the "wall street journal"'s here. i want to get his take on how joe biden's past, past policies and ideas, could create really big problems for his future presidency. >>> texas, more than a million cases, first state to get to that level. we have the governor of texa

and if you work in a great company, palantir just went public, so did unity and there's tremendous moreuntil your public you might be paper rich and worth a lot of money as a founder on early employees, what we do is we provide them an opportunity to get liquidity were more important exercise your option inefficiently tax plan for capital gains for the rest of your livelihood. stuart: that would pay a handsome fee for this lending facility wouldn't they? >> we tried a little bit of interest, typically 5 - 7% interest, it's not too bad, we do take the chance on the companies because we don't require any of our clients to risk any of their personal risk. in many cases as your a young male or female engineer or marketing folk you don't have many personal assets in your career. they don't have much to rattle law, will take the risk and put up your shares will undo this muddy and if the company does not do well, that is our fault. stuart: that is good. we have some big ipos coming up. i want to know what do you think about them. airbnb, do you like it? >> i am loving airbnb, when covid hit t