the wildcard with with this is that they're trying to reach all the a bit on bankable spiegel that don't have a big going on but definitely have a smartphone or phone in the family have the facebook app and that's where they can compete with basically. anything and everything that's the wild wild west right now because nobody is approaching the unbreakable the fact is facebook the fact that is so big at the starting point is not a startup this is going to be like mcdonald's and a new brewer on do all of their branches immediately has the potential to become a big hit and in that is the problem because this is currency does not burgers it's a big deal so. if it does move forward there's the potential for abuse they want to know everything about you what better than what you do with your wallet that is going to help them compete with google better in every other major global ad agency in the world you could have your say on all of our stories by following us on social media leaving your comments that we're back at the top of the hour with the latest headlines see that. join me every thursd

who cares about -- i like evan spiegel very much.g where it comes down to the general manager, the houston rockets, creating our foreign policy, i like it talk about how evan spiegel is driving apple. >> okay. all right. >> back to general manager >> no. >> here's what i have to say trust the process. >> that's the -- >> nba, trust the process. >> that would be sixers. >> that guy was a disciple by the way, the most important gm in the league people seem to forget about that he's the godfather he's the godfather >> all right we are going to talk more about the nba. and china. i'm sure of it we'll also get to some -- i like to focus on bsg >> what stock is that? >> i'm going to tell you when we come back on "squawk on the street." who says our bank isn't tech enough? everyone, look at your phones. the design thinking, the digital engineering, security, blockchain, and we will be first to market! yes. when we do we launch? unfortunately, in 2 or 3, hours. why the delay? cognizant is helping banks use digital technologies at scale to ad

back past does not hold of the people and so we don't want that we already saw what happened with spiegel suffering from hunger you know. the city of stars seems to have added another to its constellation a homeless woman in los angeles has won hearts there after a policeman filmed us thinking in a subway station operatic performance went viral and might be about to turn her life around. i don't. believe that cleveland. but there are those who believe that's only while all the while it just turns people's fears with the music it. was. was. 4000000 people calling home 4000000 stories 4000000 voices sometimes you just have to stop listening to war to hear something beautiful. just got evicted because i could not have a news source or source of income labelled my belly was broken i wasn't getting more i wanted to. be. 2 2 2 6 6 6 6 6 a i knew. this might seem as. though over the telling people there will be who i was the whole time you're going to be very wrong when you return bills to me of the bus there's a train anywhere. i think i am going is a start and i think that. he will just go rig

you saw what happened to spiegel suffering from hunger. is city of stars it seems to have added another star to its constellation a homeless woman in los angeles has won hearts that that's after a policeman film to a single in a subway station her operatic performance went viral and might be about to turn her life around. i don't know the services of the people on the beach but there are those be valid so you've got a whole year was just in terms of people's fears with the music it. was. it was. 4000000 people calling me home 4000000 stories 4000000 voices sometimes you just have to stop or listen to one to hear something beautiful. just got evicted because i could not have a new source or source of income maybe my violin was broken when i wasn't playing anymore a lot of people really big. 2 2 2 6 6 6 6 spikes. over the telling people the real be who i was the whole time you're going to be very wrong with it every time those 3 of the posters trains anywhere. i think of him when you see a star and i think that. he will just go right to the

snap posted evan spiegel's prepared remarks ceo evan spiegel saying that snap's reach and frequency isrowing. saying time spent and viewership on our content platform reaching a monthly audience of over 10 million viewers in q3 and total time spent by snapchatters watching discover increasing 40% year over year he also says that each daily active user opens snapchat 30 times per day on average snapchat shares are down over 2.5% one thing to note here is it looks like they're seeing stronger average revenue per user in the u.s. than they are overseas and want to note here that coming up on monday, i'll be sitting down with snap ceo evan spiegel in an exclusive interviewer on monday. >> snap users have a lot of time on their hands >> they do, so do all social media users and all millennials these days i guess it's not surprising overall. >>> we've got a lot earnings alert. it's six flags eric chemi has the result for us >> not the same issue as all of these people hanging out on snapchat, because six flags down about 7% in a pretty big earnings miss. eps, 20 cents short of what the stree

problems out home also with us is military laming senior contributor at the berlin daily telegraph spiegel a meltzer argues that the middle east is facing further escalation the losers of the kurds and donald trump. found a very warm welcome to sudan you know gala editor in chief of the middle east magazine senate who believes that everyone has already achieved his political. lol but militarily this offensive is very dangerous. thank you thank you all for being here today and i'd like to begin with you say. the long awaited offensive against kurdish positions in northern syria has begun as president has wanted is to clean now out war well we can say that a very dangerous phase has started so basically are 2 on once to with this military operation 1st get rid of the wife which it considers a terrorist organization affiliated with t.k. which turkey has been fighting with over decades and at the same time he also wants to create a safe zone where he wants to bring the refugees that are currently living in turkey there are 3500000 syrian refugees number huge number and he's saying he wants to

. >>> a big interview you will not want to miss clivy.e an spiegel joins us exusel dow is up 164.oman: what gives me confidence about investment decisions? rigorous fundamental research. with portfolio managers focused on the long term. who look beyond the spreadsheets to understand companies, from breakroom to boardroom. who know the only way to get a 360 view is to go around the world to get it. can i rely on deep research to help make quality investment decisions? with capital group, i can. talk to your advisor or consultant for investment risks and information. when ywhat do you see?orld, advisor or consultant we see patterns. relationships. when you use location technology, you can see where things happen, before they happen. with esri location technology, you can see what others can't. ♪ 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 healthy your whole life. from the day you're born we never stop taking care of you. >>> we have had mixed signals on ent

charles: apparently, evan spiegel did that without asking anyone. liz, great stuff.sideways, peloton, is another example of wall street putting banking clients ahead of individual investors. we'll tell you why it is so bad when we come back. ♪ ♪ ♪ i get it all the time. "have you lost weight?" of course i have- ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. 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. if you're on medicare, remember, the annual enrollment period is here. the time to choose your medicare coverage... begins october 15th and ends december 7th. so call unitedhealthcare and take advantage of a wide range of plans with a variety of benefits... including an aarp medicare advantage plan from unitedhealthcare. it can combine medicare parts a and b, which is your hospital and doctor coverage... with part d prescription drug coverage, and more, all in

. >>> reminder, don't miss snap founder evan spiegel monday in a cnbc exclusive more "squawk alley" straightay with us - at southern new hampshire university, we believe in education built for all people. - [woman] snhu was the best experience of my life. - [man] without snhu, i wouldn't be the leader i am today. - [woman] i graduated high school 19 years ago. i still finished. - [man] in the military, you feel that sense of accomplishment. that's what snhu is. - you will march from this arena and say to the world.. i did it. - [woman] you did it. i love you. - [graduate] i love you too. woi felt completely helpless.hed online. my entire career and business were in jeopardy. i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555. >>> i am scott wapner. hear me out. is microsoft now the best large cap tech stock for your portfolio? j

. >>> speaking of all this, we were planning to bring an interview with snap's evan spiegel today.impossible because of the fires and a number of road closures in california we're working to reschedule that appearance meantime, let's get a news update with sue herera at hq sue? >>> carl, thank you very much. goo good morning, everyone president trump is considering releasing video footage of the raid in syria sunday he was speaking at joint base andrews before leaving for a fund-raiser in chicago >> we're thinking about it we may the question was many i considering releasing video footage of the raid, and we may take certain parts of it and release it, yes. >> the driver charged with manslaughter in the deaths of 39 people found in the back of his truck made his first court appearance in britain. maurice robinson didn't enter a plea he will be kept in custody until he appears in a higher court november 25th. >>> nasa released a photo. take a look at that. the sun seemingly in the mood to celebrate halloween. says active regions on the sun combine to look something like a jack o'lan

guidance he resolved as in line with estimates co evans spiegel on the call saying 210 daily taf users a clear path to profitability. talked about engagement saying each daily active ut user opening snapchat about 30 days on average investment areas he calls out scaling content and ar platforms. back to you. >> thanks, josh, snap, dan. >> really interesting. obviously we spent time this year talking about the tech companies nafb disruptive coming to the public markets using money. this is a company since the ipo in 2017 has been losing money. they're doing a billion 7 in sales this year. growing at a good clip on the adjusted basis losing $300 million on a gap basis. a billion. the stock up 150% on the year. with that user growth they have it doesn't make sense to me. it comes down to the scarcity value horrible sentiment last year and horrible stock performance and maybe the company turned it around focused more on kroid. but again $19 billion-dollar market cap using money and everything else is losing month a disruptive tech getting meerd. >> i right bought it right before the clo he

. >> mitch spiegel. private participant. you didn't mention the kibbutzes in israel. >> could you peek up. >> you didn't mention the kibbutzes in israel, it that just an aberration in your thought process? as a successful socialist enclave? >> i'd be happy to take that. private socialist experiments on the small scale have had some limited success, and probably the israeli kibbutz have been the most successful. they have not been greatly successful. one thing that ben mention its is large-scale production -- an iphone, that kind of scale of operation is very difficult to imagine in the sort of socialism from below mod'll you have a network of small worker-run democratically worker democracy kind of enterprises. in fact, the israeli kibbutz think have had some staying bauer put mostly economic failures, some closed, some evolved into home owner associations so the empirical reality is that kind of operation is not been all that successful for good economic rope but the wonderful thing but capitalism, proper capitalism, we inv

come troller and what an elizabeth warren presidency might mean for wall street and don't miss evan spiegelcer, repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you healthy your whole life. from the day you're born we never stop taking care of you. >> more "sqwawk on the street" coming up. the lexus es... ♪ ...every curve, every innovation, every feeling... a product of mastery. lease the 2019 es 350 for $379/month for 36 months. experience amazing at your lexus dealer. >>> welcome back walmart, cv sarcs are pulling johnsons baby powder from their shelves. >> recalling one line of the baby powder. the company said it was doing so out of an abundance of caution after they tested positive for asbestos retailers are pulling bottles from their shelves walmart and rite-aide are following. they say after rigorous testifying including their own testing found no asbestos. stock is taking a major hit on the headlines wiping a billion dollars. according to bernstein which asks, quote, $2 billion for one bottle of tarch talc they say jarchd j

ceo evan spiegel speaking at tech crunch disrupt earlier today. >> we just love what we do weapon don'tre price, we do it because we're really excited to build a product that we think makes a difference in people's lives and i think that is just a huge privilege for our team and that's what inspires us. >> interesting time to upgrade that stock a day after it got hit pretty good on that new facebook competing app >>> we'll see where that goes from here. the streaming battle turning into an all-out war. we have those details, coming up >>> plus, single family home rentals are a fast-growing part of the real estate market. we'll speak with the ceo of invitation homes, one of the leaders in the space that's up next >>> and as we head to break, here's a quick check on bonds, the ten-year yield slipping today, inching towards that 1.5% level. yields on the ten year hold by nearly 20 basis points this week "closing bell" is going to be back right after this. ♪ ♪♪ ♪♪ ♪♪ i've always been i'm still going for my best... even though i live with a higher risk of stroke due to afib not caused by a h

. >> i agree with them deec devin spiegel on monday. >> with julia boorstin. >> i fought for that interview she has the edge on that. >> l.a. too. >> can't win them all. i was willing to fly out there. >> china town. >> forget it forget it, jim >> sister, mother, sister, mother >> we mentioned nike, the long time ceo mark parker stepping down, replaced by the ceo of service now john donahoe parker spoke exclusively with closing bell yesterday and elaborated on that move. >> we spent a lot of time over many months working on succession planning. so this is not something that happens in a matter of weeks so it is really unrelated to any other issues this is about me and the board, really wanting to make the -- build on the momentum that we have got add the horsepower, accelerate against our strategy, and do it while i'm here and in a position to lean in and make this as successful as possible >> donahoe has been on the board, mark is going to stay executive chair here did talk about how he wants to work with him for a while. >> yes, absolutely really smooth transition big shoes to fill, ten-i