to date th expectations are that roku will benefit from the exploon of streaming apps. with disney plus launching followed byo max and peacock, roku is eected to gain ad revenue. if people t subscribe through roku it will earn a share. >> you want to be the switzerland during the streaming wars. they are switzerland, then the wars are occurring around them. they should be paid by the arms dealers. >> reporter: in addition to generating ad revenue and taking a cut of subscription revenue and downloads, ro also makes money from selling streaming devices which range from $30ge $100. al from f licensing its technology to smart tvs which cost $200 andup. roku had more than 30 million active accounts as of its last quarterly report and analysts expect that number to grow as roku capitalizes on a shift to streaming and as it begins its ternational expansion launching in europe next year. >> roku has been entirely north american, entirely u.s. phenomenon. they announced they're launching into europe. i don't see any particular reason why they can't bees suul as a device vendor.

to's -- roku's growth. taylor: does that help roku differentiate itself?thinking of the competition more in terms of on the device side for someone like an amazon fire tv that i thing is getting more aggressive with their device rollout, and it is a very aggressive strategy or very differing strategy between roku and amazon. with think of roku as somewhat of a walled garden, quite different from what amazon has begun doing in the last month or two, which is opening up the platform to some of the demand-side platforms to buy more openly adds on its amazon fire tv. very different strategy from these two different companies. roku for right now has a really nice mousetrap a lot of users just, as i said, doubling, tripling in size this year. taylor: thank you so much for joining me. coming up, we will check in with nicholas fyrstenberg about how his company can become the largest global food company. this is "bloomberg technology." ♪ taylor: samsung is responding to supply and price pressure from fast-moving chinese rivals. the conglomerate will build -- will s

who wins the streaming war, roku will benefit.stors overlooked the risks? julia boorstin is looking at both sides of that issue for us. >> roku shares may be down a little bit, but they are up about 300% year-to-date on confidence that this company will benefit from all the new streaming apps roku is expected to add ad revenue from disney plus as they market themselves to streamers now, in addition to advertising from its free channel and a kind of subscription revenue and downloads, roku also sells streaming devices and licenses its technology to smart tvs. as of last quarter, the company had 30.5 million active accounts rbc's mark mahaney raising his price target on roku, saying it will benefit from being the swi switzerland of these streaming wars mccleary upgraded the stock on roku's expansion to europe coming next year there are risks, though, to roku there are so many other streaming services out there some like appletv, amazon firestick, and google chrome cast and those deep-pocketed tech giants could decide to dramatically

market to consumers second, if people subscribe through the roku platform, roku will earn a share oft subscription revenue in addition to generating ad revenue from free ad supported content roku offers and taking a cut of subscription revenue and down loads, roku makes money selling streaming devices ranging from 30 to $100, and licensing technology to smart tvs that start at $200 and up. they had 30.5 million active accounts analysts predict that number will continue to grow. mark mahaney raising the price target, saying the company is a switz switzerlands in the streaming wars taking a share of tv ad spend opportunity. and the stock was outperforming price target, citing coming expansion to europe next year. roku's growth trajectory internationally could well echo that of netflix. in contrast to roku stock growth, netflix has given up most gains from earlier in the year netflix shares up less than 6% year to date we will learn more about netflix and the state of streaming wars when that company reports earnings after the bell wednesday. back to you, jon >> netflix versus roku has

roku is certainly is this is big news for roku with all their installed base around. >> okay. >> youwill. >> i am going to nibble. a dollar cost average your way in there probably tomorrow, i will tweet it out and i will make sure i will tag you >> you don't have to do anything this one is a hot button issues. were you in or out >> why you get in and get out? because you make money >> every time? you are that great >> come on dude >> on this one on the show every single buy and every single sale has been there three times i made good money. >> fair enough >> you get it right all the time you know that. >> the mortal out there may have a difficult time trading in and out of roku. >> this my be my waterloo. you may be serving me a tasty dish >> i am not questioning your -- > >> no. we are having a good conversation it may be a bad habit that is i am engaging it in. >> it is involved in acoustics watch this one >> broadcom. this is a real lagger. it is still down 10% from its highs. estimates of 3-4 yield great management team, i am buying more. >> alaska looks like it is breaking out w

first up we'll talk some roku. users may have mnoticed a new feature, pop-up ads over commercials on cable or live tv. take a look at this site it shows a pop-up ad for a geico sponsored program while a geico ad is airing so the thing to understand it's a sponsored program. anyway, roku ceo says he believes the company is really in the advertising business not the hardware business and investors love it. the stock is at more than 200% this year. wow. >>his is really remarkable, don't you think? it has been a hardware business and their systems are in the new tvs getting sold is it just they can boost what they're getting for ad rates working with these partners or potentially is there a revenue sharing deal that comes into play when people are buying directly off their roku? >> we talk about winners and losers in the streaming wars roku so far has been the big winner the hardware piece of it, the platform and services, the roku channel, aggregating the other streaming apps right now, too, and the targeted ads this

that's our thing. >>> check out shares of roku folk an upgrade from quarry. quarry estimating the user base could triple by 2022 as more and more streaming services became available. tim dolan at mccory. great to have you with us. >> thanks for having me. >> it looks according to your note that there are a few levers how you get to that note by 2020 that is the integration into smart t skr operating systems. how should we think about that and does that further their market share here in the united states specifically? >> well, roku's device growth is a matter of two things, as i think of it, one is the sticks or the boxes, that we're accustomed too, and the other is the integrations with the smart tv's, they've had good success in the u.s. over the last few years, with that growth. and now as they are basically launching internationally, we don't break down the prices, but they'll both be very important drivers for them to add users into 2020 and beyond >> doesn't it matter the mix, i would think an integration would be more profitable than say the hardware >

but they're trying to -- >> but what my big question with roku ar are t roku, at what point will they become a content provider? right now they're dependent on amazon, google, netflix and hulu. at ha point do they say if they guys pull out -- >> they have a movie channel. they're work october advertising stuff. >> primarily they seem to be an advertising business now. so i think the question is, you know, do you -- how much will consumers accept all those ads popping up. >> without paying for it. >> or are you going to pay for it in dollars verses in eyeballs sooinls sign up for something like apple tv which is what i have so you don't have to watch all of those ads. >> the dvr has never looked better and i stand by that. next, facebook and google are causing more headaches for the ad agency. google assist plummeting today after lower guidance for the second time this year. they're now expecting organic revenue to drop and they're all struggling to deal with the dominance of the tech giants and they face new competition from people who are trying to position these clients more nimbly

strongly and roku has built a great position to continue growing into that. me parse down some of the points you hit on, one of which was the stock falling from 170 to 99 in a few weeks. it looked relatively cheap. tim: 170 you could argue got expensive. you had a number of software stocks traded down. i think it was sector rotation as much as anything. the stock went from -- i think 55 was the recent low, to 170 in three or five months. when you get that quick of a move, it is not surprising to have it take a breath. it came down sharply. there was increased news of competition, we heard about amazon fire tv, and a flex product that i don't think is a real issue. but more competition at the time and the wrong combination of factors for the stock. taylor: you mentioned earlier about international expansion being a key, as a catalyst for the stock going forward. what types of numbers on that international side you need to see from the company to maintain your thesis? tim: the thing is we don't know about the international strategy or expansion. we know one or

taylor: you also cover roku. mark: yes. taylor: is international growth key to roku's expansion?ark: there are two things that are key to roku. one is that it is a great play in the streaming wars. all of these new streaming services, in order to get subs, they are going to have to advertise somewhere. they are going to have to advertise on roku because roku already has 30 million streaming subscriptions. secondly, if you start your subscription on roku, you will have to share some of that with roku going forwards. and third, anything that leads to the diversification of content is beneficial for a kind of fitterling, which roku is. international is part of the growth strategy, but they have barely scratched it, so, yes, if they knock the cover off the ball in international markets as they've done in the u.s., the stock could triple from here. taylor: i want to switch gears a little bit and talk about facebook. mark: ok. taylor: there's been a lot of rumors this week and talks about libra, if the cryptocurrency works, if it doesn't. is facebook doing the right strategy by going o

if you sign up for a streaming network via roku, roku gets a revenue share for that and anything thatication away from the big three is positive for roku we like the story fundamentally we had a pull back we upgrade. >> talk us about the evaluation compared to netflix which has pulled back because of valuation fears. >> net netflix pulled because of the streaming war. it's the streaming wars that caused people to be nervous about netflix. and they missed sub numbers. we think that created a compelling buying opportunity. roku is a different matter we haven't had any misses here we think numbers are reasonably set, a modest upside but again this is one of the best derivatives you can get you want to be the switzerland during the streaming wars. they are switzerland and the wars are occurring around them they should be paid by a lot of these arms dealers if i didn't ruin the analogy, that's what i meant to say. >> we understand what you were saying what do you make of roku here? >> it's a valuation call they have great things going for them, they're the switzerland like mark said, this

tv starting november 1st when apple dvd plus launches, roku users can subscribe for $5 a month rokuumably earn a cut from that. amc shares are also surging, up 4%, on news the theater chain is moving to streaming, launching a service called amc theaters on demand this service will enable members of amc stubs rewards program to buy or rent 2,000 movies from all of the major studios the idea is to generate a new revenue stream, build loyalty when movie goers have so many other options. spending on the surface earns points for stubs members to use for in theater rewards this does not close the three month gap between theatrical release and home distribution, but could be a possible first step in that direction >> thank you, julia. streaming wars, all of the competitors continue to heat up. >>> s&p is hovering around 3,000 mark more on today's rally when "squawk alley" returns in just about two minutes from now but we're also a company that controls hiv, fights cancer, repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you health

taylor: you also cover roku. is international growth key to roku's expansion?s two things that are key to roku. one is that is a great play in the streaming wars. they are going to have to advertise somewhere, because roku already has 30 million streaming subscriptions. second, if you start usage -- your subscription on roku, you will have to share some of that with roku going forwards. internationals part of the -- international is part of the growth strategy, but they have barely scratched it, so, yes, if they knock the cover off the ball in international markets as they've done in the u.s., the stock could triple from here. taylor: i want to switch gears a little bit and talk about facebook. there's been a lot of rumors this week and talks about libra, if the cryptocurrency works or if it doesn't. is facebook doing the right strategy by going out on these ventures or should they stick to the core business? >> i don't know. you are asking a good question. libra -- they have these wonderful assets. facebook messenger and whatsapp. these are the two most popula

strongly and roku has built a great position to continue growing into that. me parse down some of the points you hit on, one of which was the stock falling from o 99 in a few weeks. it looked relatively cheap. christopher: 170 you could argue got expensive. you had a number of software -- software stocks traded down. i think it was sector rotation as much as anything. the stock went from -- i think 55 was the recent low, to 170 in three or five months. when you get that quick of a move, it is not surprising to have it take a breath. it came down sharply. there was increased news of competition, we heard about amazon fire tv, and a flex product that i don't think is a real issue. but more competition at the time and the wrong combination of factors for the stock. taylor: you mentioned earlier about international expansion being a key, as a catalyst for the stock going forward. what types of numbers on that international side you need to see from the company to maintain your thesis? christopher: the thing it -- tim: the thing is we don't know about the internat

second, if you start usage groups on roku, you will have to share some of that with roku going forwards thetionals part growth strategy, but they have barely scratched it, so, yes, if they knock the cover off the ball in international markets as they've done in the u.s., the stock could triple from here. taylor: i wanted to talk about facebook. there's been a lot of rumors ,his week and talks about libra if the cryptocurrency works or if it doesn't. his facebook doing the right strategy by going out on these other ventures or should they stick to the core business? >> i don't know. you are asking the right question. the two most popular messaging applications in the world right now generate about zero in revenue for the company. could they monetize it through advertising? they are pretty good at doing that, so they should probably try that first. could they create a wallet around it? yes. does it have to be a crypto financed wallet? i don't know. the question in my mind was why we have to go libra, but i think it's too early to call if that was the right move or not. they think about mo

starting december 1st, roku users will be able to log into their subscription or subscribe through rokuoku, presumably, earning a cut of that subscription revenue guys >> i'm surprised at this, as all of my colleagues know, i'm a big fan of roku, we have three of them but i thought we already knew that appletv would be fully available? >> i think the news today that it's launching now and in 16 countries around the world roku has been an incredibly volatile stock and a stock that has really skyrocketed this year on the sense that this is a company that's going to be more of a switzerland we did know that appletv plus was going to be available on roku the fact that it's launching now, and it's not just going to be about accessing that subscription content, but anything you have on appletv, is what's really driving the move higher today >> julia, thanks very much this one had a great run pulled back a bit. kudos to mark mahaney. >> it's obviously become really this sort of steroidal stock people feeling like this is a juiced way to play this sector it's going to overshoot in both directio

roku built itself a terrific position to keep growing. me parse down a few points you hit on, one from the stock falling from 170 to 99 in a matter of three weeks. how much of this was purely from a multiple standpoint it looked cheap? tim: you could certainly argue it got quite expensive. a number of software related stocks traded down quite heavily rotationso sector going on at the time as much as anything. to 170 inwent from 55 the space of three to four to five months. any time you get that quick a move, it is not surprising for to come back and take a breath. there was increased use of competition. we heard about amazon fire tv and comcast. , thecompetition coming wrong combination of factors for the stock. earlieryou mentioned about international expansion being the key as a catalyst for the stock going forward. what kind of numbers do you need to see? tim: we don't know anything about the international expansion or the strategy. we know one or two bits and pieces about markets and devices, but we do not know the rollout schedule. w

second, if you start on roku, you will have to share some of that with roku going forwards.nternationals part of the growth strategy, but they have barely scratched it, so, yes, if they knock the cover off the ball in international markets as they've done in the u.s., the stock could triple from here. taylor: i want to switch gears and talk about facebook. there's been a lot of rumors this week and talks about libra, if the cryptocurrency works or if it doesn't. is facebook doing the right strategy by going out on these new ventures or should they stick to the core business? >> i don't know. you are asking a good question. libra, they have these wonderful assets. one is facebook messenger and the other is whatsapp. these are the two most popular messaging applications in the world right now and they generate about zero in revenue for the company. could they monetize it through advertising? they are pretty good at doing that, so they should probably try that first. could they create a wallet around it? yes. does it have to be a crypto financed wallet? i don't know. that was a

. ♪ >> roku had its best day in two months on wednesday after researchers upgraded.rst such move by an analyst since the sharp recent declines in the shares of the video streaming platform to. discuss the move i spoke with tim of the company on thursday. >> there is plenty of competition and we highlight that pretty thoroughly i think in our note. the stock had come down from 175 or so to about a hundred so that was kind of an opportune moment for us but essentially it's partly the international expansion that we talk about in our report. going from almost zero to some large number internationally and we think they can get to approximately their size internationally that they are in the u.s. now with within about three years. on top of that, connected tv advertising, which i think is really the growth story here for roku, is absolutely growing very strongly and roku has built this up for great position to continue to grow into that. >> so let me parse down a few of the points you hit on, one of which is the stock falling from 170 to 99 if a matter of two to three wee

roku is down -- roku is down -- no, roku is up, rather, okay, but netflix is down because of the rokuk to this nba china controversy because lebron james now weighing in. let's roll that tape. >> we also want this freedom of speech. yes, we all do have freedom of speech but at times there are ramifications. i believe he wasn't educated on the situation at hand and he spoke, and so many people could have been harmed, not only financially but physically, emotionally, spiritually. charles: news flash, there's always ramifications. when you call the president a bum, there's ramifications. when you suggest his voters are dumb, there's ramifications. deirdre: the nba makes a lot of money in china. i think that's the point from which we go. it's that $1.5 billion deal that the nba has with streaming rights with tencent and i know the nba signed, i don't know, two or three years ago, something like a $23 billion or $24 billion deal. charles: $24 billion market for them right now. ashley: he just contradicted himself. we have freedom of speech but we don't have freedom of speech when it involv

here's one, roku.hey will get advertising revenue as these companies try to get customers to sign up for the service. when they do that through roku, roku will get a percentage of those streaming subscription service revenues and then just having these other services is going to create more diversification and as kind of a switzerland, if you will, of streaming operating systems, more diversification is better for that intermediary for roku. it's got one of the best growth profiles in the group. stuart: but you think that these new streaming services will be taken on by consumers, they will have three, maybe four different streaming services and then all come through roku and enhance their earnings? that's your position? >> yeah, i don't know if they will all come through roku but roku is a great derivative play off of them. it's not too far off the mark to say arms dealer. they are the platforms through which a lot of consumers will get to these streaming services. that's the win. stuart: your target

. >> you can only by a roku, for example. >> getting that later. i think it's on tap. >> you opened the door. >> i think the point, though, on companies spending on enterprise software is critical. i mean, this is the one place where companies will continue to spend. they may not go down the traditional investment route. they need to invest and they need to put this on their platforms in order to be efficient and maintain i think healthy margins in a rising labor cost environment. >> you're dead right. the alternative to installing something like a work day is just one example is having a whole lot more employees pushing paper around and having things take longer than they need to. so when you look at names that are in work place and efficiency, that's not a bell and whistle that a company is only buying in a good economy. it's why we have had such high margins in the s&p all these years is because they continue to spend here rather than stupid spending on things that are no longer efficient. >> do you have a most favored name in that group you loo

of apple and its products through the roku platform. this is going to be huge i think. and i think it will be very positive for both xacompanies. that's what both stocks are telling me so i really like what they did there much like i don't know exactly how much because it's not been expressed how much the verizon deal with disney will end up costing to give 12 months away to all these verizon users, but i like the roku move a lot >> have you been to the 5th avenue store yet it's all about customer attention and the service. i was in there yesterday afternoon. sat there loork ed at all the products i'll be this, that, every product is offered i looked at the watch. to me, what apple is is about. it's ability to retain its customer i believe the retention rate is around 92% okay maybe you're not going to innovate if that's what steven weiss thinks about the company we all disagree. >> he going to call in >> we may disagree, but i'll tell you what. while they're waiting to innovate, the rest of us will sit there and wait wee not going to l

welcome back roku up more than 700% from its ipo and today mccory upgraded the stock to a buy saying and two target price cuts for netflix. rosenblat says netflix is a show me story shout out to laura martin, an analyst on "power lunch" said that you can't be a bull on netflix, negative for a year, saved her if anybody listened to her saved 25% and she says more pain is to come on netflix anybody agree, netflix may be in trouble here is disagree. >> us you disagree. >> i think they will have a great quarter coming up. unusual alternative data we have over at battlefin showed us there's going to be an upside surprise rather than the surprise to the negative, which it was last quarter. i would be a buyer of netflix. i have -- >> even though their costs are going up, and everybody -- >> to john's point the international subs estimates have been lowered significantly. the surprise on international subs would be top upside the other thing fair to consider is why can't people have both netflix and disney does having disney mean you eliminate netflix or having netflix you eliminate disney y

roku up 6% to 8% on this upgrade.quawk alley" starts in a few moments. don't go anywhere. what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. mhm, yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. now offering zero commissions on online trades. we charge you less so you have more to invest. ♪ >>> good morning it is 8:00 a.m. at facebook headquarters in menlo park, it's 11:00 a.m. on wall street, and "squawk alley" is live >>> good wednesday morning, welcome to "squawk alley." stocks doing pretty well this morning. >> the dow is up 155 points, the s&p is up 0.7 of a percent and the stocks are higher on renewed trade optimism it's tech stocks leading the rebound. every sector in the s&p is in

>> this is a wild one, roku.ry time you see a new system come out, a new -- david faber has an inbelievable interview about time warner and their hbo on the go. what happens when people buy roku i have to tell you, sir, i don't think that one's done. it can still go higher this can be the beginning of a long-term rally in spotify i got it wrong again i said that five times i like to say when i got it wrong because i like to say when i also got if right. like with apple. like with facebook trax has been on fire. they gave you a red flag in their own conference call. i talked with the cfo to find out what's on deck for the company going forward. rapid fire lightning round. stay with cramer you should be mad that this is your daily commute. you should be mad at people who forget they're in public. and you should be mad at simple things that are unnecessarily complicated. but you're not mad, because you're trading with e*trade, which isn't complicated. their app makes trading quick and simple so you can strike when t

, jim, initiated by -- >> two things to go against roku, one is competition and the other is valuationt this point competition you have to take it off the table as the analyst does the fact they have apple on their platform is a way of come opting competition you look at their results and they are just blowing away comcast or anyone else who has got a similar product. take competition off the table, this is fabulous company the problem of valuation remains. this is a very expensive company that's doing great things. that's why i only own a little bit of it, scott frankly, look, i may be heating humble pie on this and you'll serve it up and say, jimmy, you cooked it, you get to eat it that's true. i've been nibbling at it if it comes down i'll buy more the company is doing great the valuation remains an issue. >> this is endemic of the market where it doesn't matter. i own alum na, final trade and friday i couldn't justify valuation even though it has a niche business and growing well. the market is ignoring valuation. >> in select cases. >> select cases, true. actually momentum has bee

stuart: look at roku.t's a streaming play because you get the roku box and everything streams through it. this morning it's at $136. that's up nearly three bucks. it's had a terrific year. by the way, should point out that apple at $241 is another new all-time high on apple. roku, did you see it coming? >> i didn't at all. to be honest, i still don't completely understand it. but that's one where i would say for the people at home, just because it's had a huge run doesn't mean forget the fomo, fear of missing out. don't chase the stock. stuart: i had an e-mail from a viewer the other day about how you get the roku box and you don't have to enter your password for all these different streaming services. you just plug in the box and it comes to you automatically, the streaming service. i don't have to worry about passwords. am i right? is that true? >> i don't know. but i might go buy one if it is. stuart: i get so confused. i really do. stop laughing at me. ups, they have announced a pair of partnerships, o

zero and apple generates a ton of free craash flow for us, we own apple, google, facebook, we bought rokue september, early october which i think they're going to really benefit, apple tv service is going to come out on roku devices as well as disney services, so for us, this is a nice wear to pair things up. netflix is a great short for us last year actually, great short for us this year already, and so for us it is a portfolio, and i think it is going to underperform and think it is going to go down it is not necessarily a forever call service is not going to zero people are going to continue to watch it i think you brought up a great point, henry, internationally there's more room to add subs. all of these companies at some point are going to be competing aggressively internationally as well >> what do you think, henry, about the international play ground they had domestic mostly to themselves awhile, had international in a sense for awhile now the discussion is sub quality internationally. >> i think there's a lot of room a lot of people in the world, 160 million now, by the way four

a little bit more with roku. now, disney is both the producer and the distributor, but i think that that's something that we're seeing that's really interesting, is people are trying to figure out, who's going to be the winner in this streaming world? >> where did apple stand >> apple stood as a sell again, which, you know, you and i talk about this every month, and we continue to see that story still remains our number one held stock. it's really interesting, when apple got to 200, we saw strong sellers. this month, if you look at the chart of september and you see that apple went back and forth around 220 so much, and our clients, every time it got over 220, were pretty heavy sellers of apple so i find it really interesting that i see that as a sympathetic representation of how people feel about china the more nervous they get about the outcome of china, i think this retail investors are playing it through what they do with their holdings in apple >> dan, you're nodding does all of this make sense to you. >> i'

i don't know if it's related roku is up 8% as well. these stocks trade together. spotify had a good report. some of these younger companies trying to break into newer areas investors view as risky. sometimes when one moves, others can follow. >> not to mention it's an extremely healthy take today, obviously all-time highs not just in the s&p but big cap names like apple, jpmorgan, united tech, microsoft, all all-time highs whether vmh making unsolicited bid for tiffany, got m&a in the real estate. >> doesn't hurt vma positive on roku. >>> men's apparel company nantucket is growing, announcing its first expansion outside of north america and into london. set to open two stores in the uk ahead of the holiday season. joining us this morning at post 9 is nantucket's co-founder and ceo. congratulations. >> thank you, carl thank you for having me. >> it's nice to talk about expansion in brick and mortar apparel. what's driving it? >> well, demand obviously. so we grew pretty quickly in the u.s. we went from five stores four years ago to almo

liz: roku sailing ahead in the streaming wars. look at these shares.ice maker is spiking dramatically by about 10 1/3 percent after confirming the addition of the apple tv app to its platform. apple's new tv plus service will also be available upon its debut november 1st. apple's latest team sending some shack waves through soon -- shockwaves through soon to be competitor netflix which is down about 1/2%. i wouldn't call that a shockwave. shares were down earlier today but we've come back up off the floor. after the bell's connell mcshane is here. connell: i'm actually happy about the roku and apple tv. liz: you also have fox business. you and i are sharing a special anniversary. we're not married. happy 12th anniversary to the fox business. connell and i are originals. connell: we are. liz: look at this picture i brought down from my office. that was the first year when somebody brought in the original broad and wall street sign. connell: yeah, it was cavuto he stole it that morning. liz: a drunken college night; right? connell: yeah. liz: 12 years, m

roku was 103 i want 135138.e of the 250 level is sort of 317, give or take oddly enough that's sort of the 50% retracement of this spring's high, 385 or so and the recent low we talked about the 250 low. so i don't know. it's a coin flip but i'm more inclined to think people will flush themselves out and any semblance of good news gets us above three hundred. >> tune in to the live shod show this friday 5:30 p.m. eastern for the full show. up next, time trades ♪ ♪ ♪ ♪ ♪ ♪ but in my mind i'm still 25. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium. aalexa: it's a masterstroke of sorrow by olivia watson. 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 redemption. you didn't read it, did you? i didn't...but i will. the lexus nx, mo

] okay here we go roku, you know what we're going to do?l it entertainment. there a little too much entertainment here and i don't want everything sold qualcomm we're going to call -- we're going to call that communications software. amd, well, i got to tell you, these two are going to go together, because we're going get rid of qualcomm. cvs, big position action alerts. i really like it i tell club members one of the cheapest stocks out there. and etsy, let's call it an online retailer. we need to bring in something here, again, we can use, let's see, why don't we put in honeywell. i like to have a diversified industrial that's doing incredibly well that would fit in place of qualcomm i know we're going to cut back on yield, but i like it. all right. let's go to dave in kansas dave >> rock chock jayhawk, jim. >> okay, i love the jayhawks always been a jayhawk fan. ever since wilt. what's going on? >> caller: outstanding my symbols are cme >> okay. >> caller: deo >> yes >> reporter: klat. >> love. >> caller: pep peyx. >> oh, boy, we've got

the app can be downloaded through the roku store. netflix is down on the news.ll cover it hire after the bell. connell: that is huge. netflix. i'll get a decent tie. >>> major first in college scandal, felicity huffman reporting to prison for her role in varsity blues. melissa: issues going green. harley-davidson's big bet to attract younger customers might not work out so well after all. we're outside of a dealership in illinois. looks good to me. connell: once was a farfetched idea may become a reality. new study of university of cambridge not only an elevator to the moon possible but can be built using current materials. melissa: you better get started on that. connell: that might not be true. ♪ not. and i don't wait when i return, thanks to drop & go. at national, i can lose the wait...and keep it off. looking good, patrick. i know. (vo) go national. go like a pro. hey brad, did you hear nationwide and amazon ♪ (nationwide jingle) have teamed up to bring you the all-new echo auto? good answer. don't we make a great band? our fans are gonna love the lyrics--

. >>> plus, tivo taking on roku, how you can access tivo's new streaming service for free. tv just keeps getting better. how you watch it does too. this is xfinity x1. featuring the emmy award-winning voice remote. streaming services without changing passwords and input. live sports - with real-time stats and scores. access to the most 4k content. and your movies and shows to go. the best tv experience is the best tv value. xfinity x1. simple. easy. awesome. xfinity. the future of awesome. rogers at cnbc headquarters. wall street set to open lower today as they monitor brexit developments. the differences over the terms of the uk's departure from the european union had narrowed significantly. the last meeting is scheduled wednesday before the approaching deadline on october 31st. china's foreign ministry said wednesday it plans to take counter measures against the u.s. in response to a bill the u.s. house of representatives passed to support the hong kong protesters. earning season continues with reports from netflix and ibm after the bell today. google unveiled the pixel 4

we begin with shares of roku. they were upgraded. the analyst sees growth opportunities for the company in connected tv s, advertising and expansion overseas. shares rose 9% to 117.79. chipotle w upgraded. the company's push into digital ordering and setea the case is increasingly untenable. price target $740. more than 2.5ned today. >> fedex was downgraded. the analyst says get worse before they get better. the price target is $153. shares rose a fraction to $139.25. coverage of pelaton was initiated.d. the company created a bet fitness model and sees a sizable potential market. therice target is $28. the stock was up more than 3% to 24 even. >> still ahead, more companies are freezg pensions a leaving workers withome often confusing sounding choices. >>> america airlines pulled 737 max from its schedule until mid january. that date isat than any other aiine. regulators he not s wd when thlllow airlines to operate that jet again. theirplane has been grounded since mid march and has forced carriers to cancel thousands o flights, driv

roku has received a nice -- did somebody take a stake in roku? susan: ken griffin.y, they report next wednesday. they have been under pressure recently. nice bounce today, though, five bucks higher, 2%. as for activision blizzard, you heard their story. essentially, they were responding to that gamer who called out china, et cetera, et cetera, et cetera. more on that in a second. right now i want to go to amazon. i've got news on that. they are releasing a political manifesto. that's unusual. stating the company's views on a range of social and political issues, climate change, immigration. we'll have more details on what they're saying, it's not a left/right thing. it's an issue thing. >>> anti-trump protesters rioting outside the president's rally last night. they didn't stop the president from touting america as the best game in town, though. judge jeanine pirro on that, next. >> for the next 13 months, we are going to fight with all of our heart and soul and we are going to win the great state of minnesota in 2020. america now has the number one economy anywhere

sound of water flowing is really music to my ears sunday and makes me happy where you put the storm on roku because it means we've got control of the floods for now at least. who are you the utility body to move we don't know how long it will last time music like you would actually wish . but it's too late to save the harvest what the farmers really need is a more permanent solution that hoping and praying for a change. we've got another snack for you and this time it's from england it's a fast food many greeks confident enough. for the english city of oxford is best known for its elite university it's one of the oldest in the world and has just under 24000 students. and mia 2 kilometers away is the other oxford this residential neighborhood is home to cast some like a nice fish and chip shop. born in iran cause somebody he knew 1st came to england in the 1960 s. and since 1988 he's been selling that most british of our fast foods deep fried fish and chips and he said it's a lot healthier than many people might think well if you want some food we didn't we deduce people did yeah trish we di

-- you don't know what is going to happen with roku you don't know whether apple tv -- they ran a loton every nfl game. >> they spent a fortune. apple was for a moment there -- remember budweiser -- >> disney pluses had a pretty powerful ad campaign going as well. >> i know. roku, maybe it costs -- look, we have to find out how many different things millennials are willing to watch we don't know. >> the only beneficiary now of all these streaming services is network television >> are there show runners of stranger things, new nine figure deal for season four >> that's where it is ending up, all the digital companies spending enormous amounts on the large platforms. >> dish. don't drop us, we'll drop you. >> right >> what is that? >> they're fighting with -- >> that sucks. >> apple, because tim cook made a comment in build, bild, a german publication, saying sales are strong that is the opposite of all of the slagging he's getting on wall street. >> what about not being given tariff relief on some of the chinese components even though they are building the macro -- >> i thought for sur

roku up 2% >> is that against amazon? amazon fire stick?remember, there is a world coming down between walmart and amazon walmart does not use amazon web services >> no, they are key competitors. >> we should do a piece about -- >> disney is not going to take netflix. they're competitors. >> but we haven't done enough real thought about that. >> we haven't? >> no, it is like adobe versus sales force. adobe is lined up with microsoft. satya is lined up with -- there are really big schisms even two years ago, no one thought about these things people willing to fund the enemy by using amazon web services, it is so cheap. >> no longer. >> no longer >> got to pick your appropriate partner, so to speak >> these are the biggest stories out there. they're not talking necessarily about -- look, everyone is talking about warren and whether she would break up companies that's the biggest fear for a lot of people out there. she's not allayed that fear, from what i can tell. >> we refer to it as though the president would be in a position to do that wel

. >> roku was upfrayed to outprormd from secretary are. at rbc capital markets. analyst citing strong fundamentals as well as the streaming trends these days. price target, $155. the stock gained more than 4.5% to 121.60. delta airlines was downgraded to hold from buy at argue us research. the analyst citing the outlining for increased costs appear softer sales growth that the company talked about yesterday. firm says that the stock is likely to remain volatile a as a result and shares fell a action to 52.95. >> still ahead, ourur market monitor and why investors may be able to find some big gains in small cap stocks. ♪ ♪ ♪ ♪ ♪ >>> oil prices climbed after of an explosion on an iranian tanker raced tensions in the middle east. that led tot. concerns of potential output disruption in that region. the commodity got a lift from opt minimums surrounding the u.s. china trade talks. totoy the price of domestic crude settled 2% higher. >>> in the news ntonight, that california wildfire, this one broke out overnight north of los angeles. about 100,000 people have been ev

. >> roku was upfrayed t outprormd from secretary are. at rbc capital markets. analyst citing strong fundamentals as well as the streaming trends these days. price target, $155. the stock gained more than 4.5% to 121.60. delta airlines waswnaded to hold from buy at argue us research. the analyst citinghe outlining for increased costs appear softer sales growth that the compan talked about yesterday. firm says that the stock is likely to remain volatile a as a result and shares fell a fraction to >> still ahead, our market monitor and why investors may be able to find some big gains in small cap stocks. ♪ ♪ ♪ ♪ >>> oil prices climbed after of an explosion on an iranian tanker raced tensions in the middle east. that led to concernsf potential output disruption in that region. theommodity got a lift from opt minimums surrounding the u.s. china trade talks. today the price of domestic crude settled 2% higher. >>> in the news tonight, that californiawildfire, this one broke out overnight north of los angeles. about 100,000 people have been evacuated so far. and some