"fast money" begins with simon hobbs right now. >> welcome back to "fast money." we start right now. live from the nasdaq markets, overlooking new york's time square, i'm simon in for melissa lee. our trader at the desk, tim seymour, steve grasso, dan nathan and guy adami. tonight on "fast," stocks have recovered, believe it or not, all of the august losses. but something needs to happen before they can make new highs. we'll tell you what that something is. >>> plus amazon, google and microsoft, all beating the street. could apple be next? a top analyst explains what that stock needs to do in order to join the tech party. >>> and later, yahoo is teaming up with the nfl for an unprecedented experiment this weekend. and the sports world and your portfolio may never be the same. we'll explain. >>> but first, stocks have retraced all of the august losses and now investors are faced with a key question. what matters more? next week's earnings or next week's fed meeting? guy adami, we'll start with you. >> simon, great to have you. i think next week earnings matter more.

. >> "fast money" with simon hobbs, up next. >> and "fast money" starts right now. live from the nasdaq market society overlooking time square, i'm simon hobs in for melissa lee. live team coverage on the big earnings movers tonight continues. josh lipton on apple. that stock volatile, big time, after hours. julia boorstin on twitter, which is tanking, they bring you the latest news headlines. and if that wasn't enough. analysis, it is information here on "fast money." we're checking in with dan eyes for reaction on apple and sun trust's bob peck with his take on all things twitter. but we start with the biggest nim in tech -- name in tech, the most earnings report this season. it is of course apple. josh lipton just sitting down with the ceo tim cook moments ago. josh, what is the latest? >> reporter: well, simon, listen, the big question for apple investors is whether that company can grow iphone units next quarter but in to 16. skeptics will point out, listen, there are real challenges, maturing smartphone market, a slowing china and tougher comps and i did speak

simon hobbs has that. simon. >> a torrent of earnings. they call it super thursday in europe.eading stocks lower led by the banks. the new ceo of deutsche killing its dividend for two years. turn-around specialist john saying germany's biggest will cut 9,000 jobs, 6,000 consultants, shed its bank subsidy and investment banking ax half. yes, 50% of its clients around the world. meanwhile, barclay's is putting a cost now on the legally required ring fence around its u.k. retail banking operation in addition to having to high off its u.s. investment bank into a separate holding company. the price tag? $1.5 billion. plunging commodity prices yet again hitting mining stocks in europe. reuters reporting that glencore is shrinking the $18 billion industry that its trading operation has build up in an effort to appease ratings agencies. and, finally, europe's largest chipmaker st micro blaming china for a weaker than expected quarterly results. bear in mind, when all is said and done with the widespread expectation that exactly five weeks from today the ecb will double down on qe. it'

let's head to simon hobbs at the new york stock exchange. hey, simon. >> hey, scott.uropean stocks and bond markets are surging ahead of the fed decision. sweden central bank extending local qe as europe's smaller independent players seek to position ahead of the ecb, doubling down presumably on its qe on december 3rd. all of them wanting clearly to keep a lid on their own currencies. the up shot is you have a surge in bond prices, which is focused at the short end. it's sending certainly the french and german two-year yields further into negative territory. those are fresh record lows spshgs many countries are moving into negative territory for the first time. energy stocks, meanwhile, oil majors and equipment makers are climbing as brent approaches $49 a barrel. that move, of course, has a lot to do with the weekly inventory data that we've received in this country, and a relief rally of volkswagen stock after it finally started posting charges to cover its growing emissions scandal. setting aside over $7 billion, which slams it into its first quarterly loss in at l

simon hobbs.> carl, outside the excitement of inbev raising itself, i'm afraid european markets have sunk through the session. not only broken the six-day streak, germany outperforming i'll comment on that in a moment. the situation isn't helped by one of the most important members of the ecb gave an interview to our colleagues in london which has had a great deal of play where he says it's too early to judge whether we need an extension or reinforcement of qe. we're ready to act but we can't make that judgment yet. throughout the session you've seen basic resources fall. glen cois now selling copper mines in australia and chile due to requests. but a sector as a whole has fallen through the session. i mentioned that germany is outperformed. that's because the big utilities in germany and others have done well today on a government audit, a stress test that basically says the $43 billion that's been put aside to decommission nuclear facilities in germany because of fukushima in japan is sufficient

simon hobbs, back to you. >> still quite windy, though. thank you very much.s hanging on to their now more than 50% gain soz far this year. c.o. howard schultz reports in line earnings, but disappointing holiday guidance in the cnbc exclusive jim cramer asked him specifically about china earlier on this show. take a listen. >> you really have to play the long game, and we are sitting with almost 2,000 stores, opening a store a day in china, winning in terms of the equity of the brand. we're beginning to see the morning take form, and our success in china, although it's not a given, i think we have a great opportunity for build to build the business. >> bullish sentiment. we've seen it from apple, nike, and other big consumer names in china. up next both the royals and mets beat 30-1 odds to make it to the world series. that means big things for ticket prices and for betting in vegas. we'll go live to citi field here in new york when we come right back. at mfs investment management, we believe active management can protect capital long term. active management c

john is live at wal-mart in san francisco fresh off oracle, and simon hobbs yet again.

>>> simon >>> simon hobbs and i'm hosting "options action" tonight. here's what's coming up tonight on cnbc. ♪ >> cheesy, but that's what microsoft shares did this week. if you miss the move, another stock could follow in its footsteps. >>> how could you like to make money if apple goes up or down or nowhere at all on earnings? >> is that possible. >> it's not only possible but it's the sim plist options trade around and we'll teach you how to do it. >> you won't believe which stock traders see having a huge move on earnings next week. >> please tell me. >> we will, jack, because the action starts right now. ♪ >> the big story of the day is clearly tech the nasdaq 100 soared 3% with microsoft alphabet and amazon making up half of the gains. will the tech breakout continue? let's get in the money. dan is the rally sustainable? >> we've said it on numerous occasions here, when we're look at the nasdaq 100, it's apple and amazon and facebook and google make up 35, almost 40% of the entire weight of that thing. you have these four or five stocks doing mos

simon hobbs and yes i'm hosting "options action" tonight. the spector. the guys are getting ready for the big show. in the meantime, this is what is coming up tonight on cnbc. >> cheesy. but that is what microsoft shares did this week. but if you missed the move, we have another stock that could soon follow in its footsteps. we'll explain. >>> plus, how would you like to make money if apple goes up, down or nowhere at all on earnings? >> is that possible? >> it is not only possible, but it is the simplest options trade around. and we'll teach you how to do it? and you won't believe which stock trade is having a huge move on earnings next week. >> please tell me. >> we will, jack. because the action starts right now. >>> and the big story of the day is tech. nasdaq 100, sold more 3-% with amazon, microsoft and alphabet, will the breakout continue. dan, is today's rally sustainable. >> well we've said this on the desk, when we are look ago the nasdaq, the 100, the top five names are apple, amazon, facebook and google, make up 35, almost 40% of the entire w

zeets let's bring in simon hobbs. simon. >> we're down at the open.s now going across the market towards the close is this strong move that we have on the price of oil, which has lifted the oil majors. it's lifted up 2% as can you see, and a number of the oil majors are higher as brent heads towards $52 a barrel. volkswagen -- let's have a look at the oil majors. volkswagen is certainly having a good day today. managing to get some traction. today is the day that the c ceo spoke to 20,000 workers at the headquarters. he is talking about counselling nonvital investments, remedies he said across the country will not happen without some pain. while some cars just need to have their software tweaked, there will have to be hardware installations for others. we're up 4%. perhaps even the head of the workers council is talking about reigning back some of the bonuses of the workers get. financials taking over there and ailing bit of a rally. sab miller is not fairing quite so well today on this report that they've already rebuffed an offer from anheuser-busch

joining me simon hobbs. mon, thanks for being here. >> pleasure, kayla. >> one of today's top movers as we said at the top of the shower. alibaba. soars at the top and bottom lines. highlighted by a strong performance in mobile, and a strong performance in the cloud. the company reported about $1.6 billion in local revenue. nearly triple what it reported last year. stocks currently up 4.5%. it's since lost about half of its gains so far this morning. plus, it's a tough day for grub hub elsewhere in earnings. shares of grub hub right now down 17%. that is much better than they had been trading earlier this morning, but profit at that company missed expectations, and the company's revenue forecast for the current quarter also came in lower than expected. of course, we have 169 companies in the s&p 500 reporting earnings this week, but the biggest one we are awaiting is apple. today reporting after the bell and shares are up slightly this morning. more on what investors are expect from the tech giant. it's great

i'm simon hobbs. fast is off tomorrow. but tune in for the >> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. >> hey i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to make you money. my job is not just to entertain but educate and teach you. call me or tweet me @jimcramer. expectations for individual companies right now are all over the place. and when that happens, you get some very exaggerated moves. even as the averages might not seem to be doing much. dow dipping 42 points today. s&p declining .26%. nasdaq losing .09%. it's all underneath the surface. the moves were all over the map and the volatility was insane because the expectations are moving to be totally off base in so many different cases. the best example, twitter. i've been telling people to cool it already about the stock. don't get too excited about new features or the new jack dorsey regime becau

let's bring in simon hobbs here, as europe is about to close in 60 seconds and put their traegd weekbed. >> it has been an absolutely extraordinary week. both bonds and stocks rallying as the ecb yesterday made it pretty leer that it's going to expand the scope and perhaps the length of qe when it meets on december 3rd. we are actually off the high slightly today. i mentioned that the data, the headline level, the pmi came in actually quite strong. if you look below that, for example, the service expectations swrerm anne for the week up almost 7. within that, of course, certain sectors have moved more than others. the main instruments that the ecb is trying to hit or the main affect it's trying to have it on the exchange rate, and yesterday when this made that announcement you saw the euro plunge to a two-year low, and it's moved further into negative territory today. you see automotives up 7% for the week. as they talk about the prospect of buying more sovereign debt, the sovereign debt markets have risen. yesterday you saw in certainly italy and spain a 13 basis point move lower as

john is live at wal-mart in san francisco fresh off oracle, and simon hobbs yet again. simon, great to have you. john steinberg, ceo of the daily mail north america is here as well. we are going to get a walk-up to the debate in just a moment, but john steinberg, what are you watching tonight now with trump seeding the lead in the recent poll to ben carson? >> i'm really watching for the experience to see how twitter plays it with moments, and what snap chat does as well. for me it's always a question of what are the stand-out moments that get repeaed and recycled again and again, and that pushes the candidates even more into a soundbyte state of mind because they know they get that extra play. >> interesting to hear carl say he will not be tweeting and moderating for once. >> fair enough. i mean, it's -- yes. >> i'm waiting for a guy. i don't have any idea outside of -- such an important evening now for jeb bush. this is the guy that we all thought in all the political pundits thought would be in the lead at this point in the race. instead his campaign has had problem a

i'm carl qintanilla, simon hobbs, david faber. sarah e sar sara eisen is in washington. we kick off the third quarter with a decent market. we are keeping our eye on the ten-year where the yield is now below 203. that is the lowest in a month. our road map begins with twitter. tara swisher reporting that jack dorsey expected to be named permanent ceo. >> glencore, stops are dropping. >> we are waiting on sales numbers from ford and gm. with he will bring them to you as they break. >> first up, futures on the rise as we enter the first trading day of the fourth quarter ahead of tomorrow's key jobs number. jobless claims up more than expected, up 10,000. that four-week moving average did fall slightly as they look to move on from what was the worst quarter of stocks in four years. >> the biggest loser was the dow. at nearly 7.6% drop. we know, guys, the s&p didn't fair much better. down, 6.9. nasdaq, down 7.4. everyone talking about october. it has been pointed out today, the past five octobers, only one has been down. the ones that have gone up have been to the tune of 4%

simon hobbs, back to you. >> thank you.ion of "squawk alley" for the week. john can tell you what is on deck. >> what a finish it's going to be. big earnings from microsoft, google, amazon. we'll dive in and see what's next for those companies. also, facebook perhaps in sympathy up above $100 a share, and jack dorsey giving back a big piece of his twitter stake, but to whom? all that and more coming up on "squawk alley." opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >> good friday morning. 8:00 a.m. in mountain view, seattle, redmond and menlo park. "squawk alley" is live. ♪

simon hobbs. when we come back, not a good day for twitter today. shares down 6% on the heels of this downgrade over at morgan stanley. we'll talk about that note and talk to nick bilton. we'll be back in a poemt. >> hish is your cnbc news update this hour. one day before he meets with president obama pakistani prime minister sharif meeting with secretary of state john kerry at the state department. topics on the agenda include counterterrorism, nuclear security, and trade. >>> about 500 separated korean family members were reunited with relatives for the first time since the korean war gathering for a group luncheon today. families held individual meetings for two hours earlier in the day, but a number of south koreans are upset that the three-day reunion isn't longer and more open. toyota recalling 6.5 million vehicles worldwide for a defective power window switch that can overheat, melt, and lead to fires. the recall involves nine models, including the camry, tundra, and sequoia made between 2005 to 2010. >>> pope francis holding his weekly gener

let's get to simon hobbs with the action. >> a lot of green as you can see. the stock market rallying. we are off our highs in europe, but it's true to say that european stocks surge. in this country, the united states, we've had our best weekly performance in a year. >> ins country the s&p up 2.3 and 2394. a lot of this, of course, is based on what strl banks will not do moving forward. it's about the fed mark raising rates. you have minutes from the ecb talking about emerging markets. you have minutes from the bank of england about emerging markets as well. >> importantly. >> glencore will cut back on global zinc production. leading the broad rally we have in europe. i also want to mention as far as greece is concerned that we may be reaching some consensus on the debt load moving forward. >> 15% is high. it's as high as the imf is projecting, and we could reach 25% in service says costs by 2014. unless they did something about it. in the meantime, the greeks themselves or the prime minister explicitly this week dropped his call for a debt haircut. we're mo

welcome to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs. cramer is off. 142,000 is the jobs number for september. a sizable miss. virtually no silver lining. negative revisions, earnings flat, even hours worked going south. the futures have reversed big time. the ten-year yield, below two. the market is increasingly betting on no fed rate hike this year. those new worries for the fed on the labor front. september nonfarm payrolls weaker, rising by 142,000 in august. revised sharply lower to show 136,000 added. the rates stay steady at 5.1. average hourly earnings come in flat, but we were looking for something in the 0.2 0.3 range. maybe the most -- biggest disappointment of the year so far. >> coupled with the august revision lower. the 2015 average goes to 198,000 jobs created per month. that's a sharp slowdown. last year we were averaging 260,000 jobs. >> it's more than that. if you take the three month average, you're down 267. which begs the question, whether we like it or not, where are we in the business cycle? regardless of what fed

. >> thank you, so much, simon hobbs with the latest on the european close. seeing green.on the pot boom in colorado, and the politics of legalized marijuana. that's ahead of cnbc's republican presidential debate. plus, pete, there he is. >> oh, nice. >> bracing to catch up in our halftime portfolio challenge. what he is buying and selling and whether he can indeed sprint up our leaderboard. >> a couple of hurleds in front of him. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. [female announcer] if the most is the staying awake part, day sleep train has your ticket to a better night's sleep. because when brands compete, you save during mattress price wars. save up to $400 on beautyrest and posturepedic. get interest-free financing until 2018 on tempur-pedic. plus, helpful advice from the sleep experts. don't miss mattress price wars at sleep train. ♪ sleep train ♪ your tick

simon hobbs. getting the latest iphone sales estimates from four swear.s a new program that dennis crowley is pushing. he will join us to explain. s&p was close to 2,000. now 1,976. >>> i'm sue herrera. here's your cnbc news update at this hour. house speaker john boehner says discussions are underway to deal with the november 5th deadline to raise the federal debt limit. no decisions have been made. he 345id the remarks at a news conference earlier this morning. >>> the faa is taking new steps to accommodate advanced drone technology that is widely viewed as necessary for package delivery. at a house aviation subcommittee hearing, an agency official said it and industry players have demonstrated technology that would enable drones to detect and avoid aircraft. >>> the super pact urging joe biden to are run for president, releasing its first ad. it uses audio clips of biden talking about his family and a car crash that killed his wife and daughter in 1972. in the end it ends by saying run joe run. a woman who lost her student id has been found. this after

"fast money" begins with simon hobbs right now. >> welcome back to "fast money." asdaq markets, overlooking new york's time square, i'm simon in for melissa lee. our trader at the desk, tim seymour, steve grasso, dan nathan and guy adami. tonight on "fast," stocks have recovered, believe it or not, all of the august losses. but something needs to happen before they can make new highs. we'll tell you what that something is. >>> plus amazon, google and microsoft, all beating the street. could apple be next? a top analyst e

let's bring in simon hobbs as we go down to the close of the u.k. across continental europe. >> hey, david. we make gains on western european stock markets through the session. it's not huge, but we have made gains. a bit of a fright in the start when we got notice that german exports plunged in august. that may have a lot to do with holiday timing. >> it's also reporting that the capital increase will come in the next couple of weeks. this is already in the market. most people think it will be about $5 billion on a $41 billion market cap. you can see chris suisse is down. deutsche bank having unveiled that $6 billion write-down. also negative, though, not perhaps as much as you would expect gin what they're also saying about the dividend. chrysler is higher. this may have to do with the ferrari or the labor talks in this country. do want to mention quickly, though, there's been profit taking today on what's been an amazing surge on some of the nordic energy plays. i mean, statoil is up. seadrill, an engineer up 30%. top gainer today actually more f

simon hobbs. when we come back, stocks still in the red to the tune -- jobs number in september.s it's been pointed out off session lows, we're fwog get more from the former chairman of the council of economic advisors in just a moment. >> i'm sue herrera, and here's your cnbc news update this hour. police are searching for a motive in yesterday's deadly mass shooting at an oregon community college. pete williams is reporting that enforcement officials have found a hate-filled note left at the scene by gunman chris harper mercer. >>> the white house says education secretary aron where i duncan will step down from his post in december. duncan is one of president obama's last remaining original cabinet members. the white house says duncan is being replaced by current deputy secretary john b. king jr. >>> linked in, the company traveling across the country offering users to get a chance to get a free professional head shot which then can then upload to their profile. the tour makes its next stop in san francisco today. >>> and is your cell phone killing your love life? researchers s

welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs, david faberks soggy here, though oil reversed its losses. pay attention. we're dealing with a lot of data that's been soft around the world. earnings season going into second gear tonight. >> here we go. our road map this tuesday morning. weak china data weighing on stocks at home. goldman sachs chief asia strategist tim moe will join us live with his take. >> and the democratic presidential candidates get ready for their first debate tonight in vegas. the republicans are still trying to figure out a new speaker of the house. >>> and also ahead, ab inbev agreeing to buy sabmiller in a deal worth 104 billion. what does that mean for this country where they'll have a 70 market share? >>> we start with the latest out of china data overnight showing more signs of a slowdown. exports dropping 4%, imports dropping 17%. investors shifting their focus to the soon to be released gdp data. joining us is tim mow from goldman sachs. what a good day to have you in town. >> great to be on. >> investors not lik

i'm david faber along with kayla taushe and simon hobbs.e both out today. >> we want to take you live to capitol hill where the volkswagen hearing is kicking off. the ceo of volkswagen north america will be answering questions from the house and conference committee. he said he is deeply sorry. we are live from washington. >> michael horn is going to be testifying here in a few minutes up on capitol hill. we can expect a full-throated apology from the volkswagen ceo and president. he will say he never thought anything like this could happen at his company. he personally became aware of a potential emissions problem as early as spring of 2014. he will say that they are withdrawing volkswagen's application for certification or their 2016 model year vehicle. there is some news in this prepared testimony. this testimony that we have received early doesn't have a lot of, though, is any details on exactly what happened, exactly who was responsible at volkswagen. so you can expect some blistering treatment here of michael horn from the members of

>>> good morning, welcome to "squawk on the street," i'm david faber, along with sara eisen and simon hobbs are live from post nine. carl is on assignment in colorado for tomorrow's presidential debate. we'll see him on the show, of course, tomorrow. let's give you a look at some of the markets, including the stock market, which we tend to follow here at cnbc relatively closely. a look at the broader market. s&p down about 0.25%. wti, a bit of a story yesterday and today. not long ago it was close to the $50 mark. now 42.89. some concerns about the industrial economy. >> breaking news on consumer confidence. jim iuorio. >> our second disaappointment in the form of consumer confident. we were expecting 103, it came out 98.6. this is disappointing the one thing we were hoping for is the consumer felt good when you consider stock prices are buoyant now, home prices are buoyant, gas prices are low. the last consumer confidence number was the michigan sentiment a couple weeks ago, it was good. this is disappointing. the stock market started out down on the s&p, now it's down three handles. ten-y

i'm carl quintanilla with sara eisen, simon hobbs, and david faber. s&p trying to make it six in a row to the upside. we have not done that since june of 2014. a lot of corporate news. oil helping out at 47.28. look at dupont as well. the company announcing that ellen kullman is stepping down october 16th after holding the top job since 2009. dupont, the best performing dow component this month. coming up later, ibm is working on a new unit betting big on artificial intelligence. ginni rometty will join us live for an interview. >> let's get to our road map for the next 60 minutes. stocks mixed after five days of rallies. david kostin will join us with his take on where the markets are heading nows for the rest of the year. >>> price hikes help pepsi beat the street for the third quarter. the company's cfo speaking out. >>> and the l.a. dodgers becoming the first pro team to fund a tech incubator. the team's president will join us live to talk about that and, of course, the fantasy sports scandal. >> we have headlines here hitting the wire. the imf cu

our simon hobbs is across the river in brooklyn with travel leaders focusing on the future of the industry. simon? >> kayla, good morning. welcome to an industrial park in brooklyn. yes, for the sciff global forum. they would argue this is the travel industry's onset to ted. it is bran foin food and new id. virgin atlantic ceo, craig creager. you are about to address the conference or the forum here. innovation is clearly the keynote. you guys were founded by richard branson on innovation. now that everybody else has caught up, how do you stay ahead? >> i don't think the spirit of innovation ever leaves the virgin atlantic brand or company. that essence of richard's original premise for the company, which is how can we do things better for customers still drives the decision making that we make and try to take on today. we try things. they don't always work. we tried both google glass and a sony smart watch as a vehicle to get some of our agents out from behind the counters with their computers so they could have the information they needed right when they were with customers and be able t

>>> good morning, welcome to "squawk on the street," i'm david faber along with sara eisen and simon hobbsgive you a look at markets and oil, which seems to be such an important component of all the markets. certainly adding to what has been a good week for the broader equity markets. we continue that trend thus far early in the session. let's get to rick santelli with breaking news on wholesale trade. rick? >> yes. wholesale inventories and sales for august, which means spot in the middle of the third quarter, last quarter, up 0.1 on inventories. last month it was down 0.1. the first minus number since may of 2013. it is a positive read and better than expectations. could have some subtle, subtle changes to the gdp, considering the revision to july, it will be taking away based on that alone. sales were down 1%. this is a surprise. much more than double what we were expecting. last month unrevised down 0.3. so inventories, well, important. but you need to move the inventories and the sales number is not pushing it in that direction. simon, back to you. >> thank you very much. so the marke

i'm simon hobbs. david faber.kets enjoying a pretty good series of earnings with some notable misses like, for instance, weakness in names like caterpillar and 3 m. some of those names are trading higher. also, mcdonald's. we are watching draghi and the ecb. at capitol hill, hillary clinton will testify before the house select committee on benghazi. in a few moments, she will be sworn in. some opening statements and each congress person will get about 10 minutes of questioning. we'll get to some of that. rick santelli watching breaking news, existing homes in lei. hey, rick. >> leading economic indicators for the month of september posted a minus .02. it is very unusual to see this metric. it is not a market-mover. it is a big deal. this is only the second negative number of this year. the other was in february, also down minus .02. you have to go back to january 14th to find a minus .01 and a bigger negative in the form of minus 0.3. this is the fourth negative number. we have another september read for existing

monday morning, welcome back to "squawk on the street"s is, i'm carl quintanilla, david faber, simon hobbsorning. earnings, a fed meeting a presidential debate this week. mild negative tone as the dow is off slightly, oil back below 44. let's get to rick santelli, breaking news on new home sales. hi, rick. >> good morning, carl. yes. we have a new read on september home sales. we are expecting a number around 550,000. but expectations are not reality. a light number here, 468,000. of course, that's annualized and seasonally adjusted that comes on the heels of what was released at 552,000 last month. that was the best number going back to february of '08 that gets downgraded to 529,000, which means it moves into second place now. the number one number for the year was 545,000 in february that, of course does take us back to the comps of '08. just to give you perspective on this number which is down 11 1/2%, it's high water mark, way back in july of '05, just shy of 1.39 million. sara, back to you. >> that was a different time in the housing market. thank you, rick. >>> let's keep an eye on

welcome back to "squawk on the street," i'm carl quintanilla, with sara eisen, simon hobbs and davidleft with some big stories in large cap mma as we watch dell, emc and sabmiller. the dow not doing a lot in terms of amplitude, up just five points. >> here's the rundown. stocks remain stable, but oil reverts its gains today, now below $50 a barrel. >> the ceo of palo alto networks wants to help big companies deal with security threats. >> and the big banks reporting earnings this week. we'll tell you how to position in that sector. >> first, let's look at the market. carl mentioned the oil market reversing its rally falling nearly 2% now. also stocks, the dow is up about 4 points, not much action, but we're coming off the best week for the s&p of the year. let's talk about it. steven reese of jpmorgan and andy lippat. the headlines today, we have $567 billion tech de5a $67 billion tech deal and a beer deal. >> that brings the focus back on the corporate sector in the u.s. companies feel good about the outlook. there's been a lot of noise whether it's china, the fed. but if you listen

welcome back to "squawk on the street," i'm carl quintanilla with simon hobbs and david faber. in oregon nor nike's investor day. we'll hear from sara in a bit. dow is not moving a lot, that belies a lot of news today, retail sales, news on intel, netflix tonight. >> shares of trip adviser rocketing on the announcement that it convinced priceline to give it inventory. trip adviser becomes one of tree. >> business inventories, santelli at post nine with us today. rick? >> unchanged, which is close to expectations. and last month we went from up 0.1 unchanged as well. but sales down 0.6%. even though we didn't get negative numbers, on business inventories the last negative number was in january. they're few and far between. this may make a subtle difference. many are much more concerned about how the fourth quarter is stacking up considering some of the recent weak data. >> good to have you here, rick. >> great to be here. >>> earnings clearly are in full swing. banks front and center for many, both wells fargo and bank of america beating earnings estimates. not all of the banks

simon hobbs with marriott's ceo in an exclusive. >> let's take you away. arnie, good to see you again. >> simon, how are you? >> there you are. how would you sum up the quarter? >> i think it was a solid quarter. i don't think it was a spectacular quarter. i think if folks were looking for this quarter to come out and show the u.s. economy was growing at 4% or 5%, they would have been disappointed. maybe there is that voice out there. it was a very steady quarter. it showed great unit growth for us. so we feel it confirms the recovery we had. >> in terms of pipelines, you and hilton are up there. the atmosphere, the feeling about the industry has been horrible. i think the own stock dropped 20%. certainly starwood lost a quarter of the stock market value. a lot of people -- you had it on the conference call again this morning. this question as to whether the cycle is turning finally. the stock market is getting ahead of that. you can't totally reassure people, can you? >> well, that's right. to some extent, there is enough anxiety in the market you have to

>> we were not surprised at all, right after we opened i tried to hand simon hobbs a note that saying that the opening volume was unbelievably light which is indicative of a sharp turn. there was no volatility to the down side move. i called a couple of traders we are going to move strong from here because there was no conviction. what you actually saw was selling derived from futures based trading and buyers willing -- there was money on the sideline willing to come into the market. >> why, ben? is it because the report was weak and they like that from a fed supporting the market kind of point of view or was it because -- >> we hit some support levels. >> we hit support levels. it was an opportunity on a dip, if you will, but it was also this was not a real change in the overall trend, the unemployment rate stayed within the parameters that have been designed by our federal reserve, they may not be designed by the chinese reserve but for the united states reserve our unemployment rate is just fine, the rest of the numbers may have been a little weak but it didn't break any trend. bec

. >> "fast money" with simon hobbs, up next. >> and "fast money" starts right now. nasdaq market society overlooking time square, i'm simon hobs in for melissa lee. live team coverage on the big earnings movers tonight continues. josh lipton on apple. that stock volatile, big time, after hours. julia boorstin on twitter, which is tanking, they bring you the latest news headlines. and if that wasn't enough. analysis, it is information here on "fast money." we're checking in with dan eyes for reaction on apple and sun trust's bob

i'm carl qintanilla, simon hobbs, david faber. sarah e sar sara eisen is in washington.nt market. we are keeping our eye on the ten-year where the yield is now below 203. that is the lowest in a month. our road map begins with twitter. tara swisher reportingha

. >>> good morning, welcome to "squawk on the street," i'm david faber along with simon hobbs, sara eisenntanilla and jim cramer have -- what are they doing? preparing for that big debate. the republican presidential debate on cnbc, live from the university of colorado boulder, coverage begins at 5:00 p.m. eastern. we'll take you out to boulder momentarily. we're at post nine where at this time we always give you a look at futures. so let's do that

welcome to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs. for september. a sizable miss. virtually no silver lining. negative revisions, earnings flat, even hours worked going south. the futures have reversed big time. the ten-year yield, below two. the market is increasingly betting on no fed rate hike