we should know seagate weighing on western digital which was down more than 2%. >> seagate, western digital. western digital has taken market share, pricing weak. the stock was down 14%. this is a commoditized space. enterprise hardware is weak right now. this shouldn't come as a huge surprise. earlier in the week there were rumors that western dij is looking at sandisk which makes flash storage. we saw the chips and now we are seeing it in other parts of the pc supply chain. people are partnering up here. it's a difficult environment here. if seagate is left in the cold, i know there was a chinese company that took a stake in western digital. maybe that's coming for seagate. >> mcdonald's hitting another all-time high on reports the company is close to decision. >> this came from a board member who talked about it. you have to think we'll see something coming out of the board in the near future. that being said, there's other things going on with mcdonned's. whether they roll this off into a riot. there are other ways mcdonald's is doing well. the breakfast, surprisingly to me, at least, i

seagate and more. that's ahead in our blitz. you are watching cnbc first in business worldwide. >> iex is hosting a charities day today to support the wings over wall street fundraiser, which benefits research for als. all revenues from its block trades today will be donated to the fundraiser to help the muscular dystrophy association. our own john joins us now. doc, good stuff you are doing today. tell us about it. >> all right, judge. as you know, this is the firm that was talked about, written about in flash boys, and iex has doubles in volume since last year. they're doing 230 million shares a day now, and it's a who's who of who the investors are in this thing, judge. it's einhorn, abbingman, lobe, steve wynn and jim clark. bain capital and so forth. they have technology to level the playing field for the regular investors. that's why they're growing so fast. they're giving away an awful lot of money today for als research. >> they're developing the block trades and benefitting als research. >> you're helping them do it tod

that makes me want to own seagate. that's working. that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by t.d. ameritrade. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. for all the confidence you need. td ameritrade. you got this. we figure you probably don't have time to wait on hold. that's why at xfinity we're hard at work, building new apps like this one that lets you choose a time for us to call you. so instead of waiting on hold, we'll call you when things are just as wonderful... [phone ringing] but a little less crazy. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. >>> is this sell off related to drug stoc

we got some preliminary numbers from seagate, and they are not doing well at all.y were some of the worst performers on s&p 500. out withny is coming its first-quarter revenue and gross margin, in particular, on a preliminary races, and once -- and some of those numbers are lower than demand. and finally, garman is also one of the worst performing stocks in today's session. it came out with a preliminary number for the third quarter -- in is also one of the worst performing stocks in today's session. it came out with a preliminary number for the third quarter. previously, let's look at how garmin has done against a competitor, fitbit. garminhas done well and is down 25%. we have seen potentially a little bit of market share. surprises me is its largest segment is automotive. david: gps in the car. data is raising questions about whether the feds will raise interest rates this year. they showed no sign of inflation moving toward the fed target of 2%. retail sales rose just 1/10 of 1% last month. william dudley says he still favors a rate hike this year. a domesticse

and seagate also not reaching estimates., that one as well with a disappointing forecast yesterday, the declines continue today. although, coming off a wrestling market, we are getting a boost. for "bloombergit market day", "what'd you miss?" is next. and we are also waiting on some earnings. ♪ . . scarlet: we are moments away from the closing bell. joe: i'm joe weisenthal. alix: and i'm alix steel. [closing bell ringing] u.s. stocks resuming the october rally, rising to a seven-week high. joe: but the question is "what'd you miss?" scarlet: stocks favorite eminent rate increase. we talk about what's at stake. joe: and life without low interest rates. are they encouraging people to save and not spend? alix: another downgrade for brazil. what this means for the rest of the brick nations. scarlet: we begin with the markets. their first post back-to-back decline, we post a risk rally. you and i are trying to figure out what the catalysts are. bid i

. >>> turning to brooklyn, more than 200 volunteers from seagate association braved the rain today to finish a new playground. the design is based on drawings from a special design day event in july. this is just one of more than a dozen -- playgrounds built thanks to disney's magic of healthy living initiative. disney is the parent company of wac -- a few abc-tv. -- double you abc-tv. -- wabc-tv. >> doesn't somebody have a very special birthday this weekend? >> i never make a big deal about that. >> yeah, right. >> thanks a lot. >> i know you won't be having too much fun because you be focused on the weather. >> i'm not going to spend it with walking. that's for sure. a lot of rains, pretty nasty outside. empire state building, you can barely make lower manhattan in the distance. 50 degrees, rain and northeast wind is howling at over 30 miles per hour in many spots. windy and rainy through much of the night. the rain intensities going to drop after midnight. the first 40-degree temperatures since may. can see the planner here, during the day tomorrow, lighter rain in the morning and

they're also going against seagate. 52-week low.'m waiting for the ceo to do something, to pull the rabbit out of his cash. they have great cash flow. this is not as good a deal as lamb because dam is offlamb is enforcement officer -- let's watch the semi-conductor companies and see if they don't go up. maybe we're back in the days when sky works comes back with a higher bid. >> as you're talking, jim, sergio marchionne has made his way closer and closer to post 8 where ferrari is expected to open in a little bit. they're making big investments, new models in alfa romeo and maserati. a fair amount of cash they're raising for themselves. >> a huge amount. it's going to become a favorite. it's been managed very well. it's also one of the plays i hope we bring about at the debate. i want to focus on the debate also because there's so many questions. the weakness in the euro got these guys to have great numbers versus gm and ford. it's been such an advantage for fiat. >> this is going to be the biggest consumer discretionary ipo of the

and then seagate, of course, micron but i'm not sure how micron could even begin to afford an acquisitionike that given how much debt they already have on their balance sheet of $6.9 billion. consolidation in the industry would be nice. once again, you have this really complex situation with the joint venture between sandisk and toshiba. toshiba owns, we believe, greater than 50% of the capacity which is very, very important. >> we fleed to do the same with the good calls, right? we made a pretty good one. back on september 1 st, that fim put out a note sowihowing when y have a awful august, stocks tend to rally. we had an awful august. since they put out that note, the s&p 500 up nearly 7% from its low of september 1st. we have head of energy free raiding. history accident always work out. did you a deep dive and said when august loses more than 5%, we tend to rally. so far, so good on that call. so nice job. do you see it continuing? >> thank you. i heard you say wall street saying reminded me about a squirrel and a nut. i do see it continuing. i do. >> we had anxiety about china and we

i think even seagate but they'd have a negative view kind of on sandisk but maybe western digital, maybesung or even hitachi who are the big manufacturers of drives would be a buyer because sandisk is the leading manufacturer of flash memory and solid state drives. >> and then two other companies caught my eye. sin nappics and corvo which are both apple suppliers and pacific crest cut their estimates on them as well as a number of others saying the apple pessimism is tran lating. >> apple has a son of cash. they could vertically -- >> could be up for buying a chip company. >> absolutely. apple is the biggest company of corvo, sky works, and sin nap ticks. >> we've had you on about apple in the past. if they did that will that depress -- why would apple want to take on a commodity business like that and bring it in house? >> so they can have control over the design and the -- >> don't they already? >> for the most part, yes. but companies as they go through their life cycle and build up cash they tend to vertically or horizontally integrate. it would be a natural move that a company would

and as we head out, some of the other big winners the nasdaq 100, names like seagate, wynn resorts, jd.com and i willuminal up better than 4%. share your passion for trading. that's why we rebuilt scottrade elite from the ground up - including a proprietary momentum indicator that makes researching sectors and industries even easier. because at scottrade, our passion is to power yours. in panama, which is a city of roughly 2 million people, we are having 5,000 new cars being sold every month. this is a very big problem for us with respect to fast and efficient transportation. it's kind of a losing proposition to keep going this way. we are trying to tackle the problem with several different modes. one of them is the brand new metro. we had a modest forecast: 110,000 passengers per day in the first line. we are already over 200,000. our collaboration with citi has been very important from the very beginning. citi was our biggest supporter and our only private bank. we are not only being efficient in the way we are moving people now, we are also more amicable to the environment. people have

sandifg up 12%, and garmin down 13, and seagate computer storage devices down 15%.e this week. of course, the earnings season started in earnest over the course of the last week. ge this morning. you talk about this idea of we want to talk about the ipos. with ipos, first data was a huge deal, right? biggest so far this year. and it closed below the ipo price. that's something to note here, only one day, but, still, and albertsons, another ipo we expected still postponed in indefinitely, and earnings season, that's the real point here, and as of at least the middle of this week as we start to count things up, generally speaking, 74% of companies in the s&p beat earnings estimates, 11 to 15 have not met analysts' expectations, and that's a little bit generally just what we see in the early parts, i guess, of the earnings seasons, joe, so, overall, that's the reset. we get a heck of a lot more many earnings reports this week. we'll see if the numbers change, joe, as the week progresses. back to you. >> you'll be here the next three wee weeks, right? >> i'll be here al