stephanie link, you own that company's stock. >> yeah.hey've done a good job in terms of execution throughout covid and supply chain issues they've laid off people and they have tough comparisons ahead for gross margins and same-store sales. i kind of think that's in the stock at 12 times earnings, but that's just something to be mindful of i'm keeping a little bit of powder dry so i can add if there's any disruption because i do like the long-term story and this management has done a phenomenal job >> disney gets reiterated market perform and price target remains 195. i told you in the last two, three weeks, chramer's charitabe trust, degas, you own it and there's the stock at 170 >> yes so what we're seeing is definitely a market perform for disney the streaming service will be the laggard for disney, but the re-open play into the part is what we we are seeing as a benefit and we're seeing it as a market perform >> all right we do have a number of chip stocks hitting new record highs today and two big names in that space report earnings

what we will also debate the state of your money and the markets joining me for the hour today, stephanie link, jim lean know that will and jon najarian, co-founder of masrket rebellion.com. we have a nice tick-up in stocks today. take a look at the dow, s&p, nasdaq, everything's positive u nasdaq's getting the biggest bounce from a percentage standpoint, almost 1.5% and a good bounce across the board and the ten-year yield at 1.53 we are watching shares of facebook and the tech check gang was just talking about pete, i just want to go to you on that note i asked your brother yesterday when he was on what you might be doing with your stock and your options? i understand that you bought more puts yesterday and that you're actually thinking about buying more stock? >> at some point i probably would, scott i think fundamentally the story is still there is it going to change and possibly some of what's going to change coming from washington, d.c. i think you could say yes, there will probably be some change i still look at this company and i'll tell you, they have built something that whether you

our investment committee is here, stephanie link is here and jim cramer, host of "mad money."raises his target to 2800 and we're chasing it again and correction, done >> i think this is the season's strongest period and we're down a couple of days and the 23-year period, you can find this moment very typical it is what happens now i've got to tell you, of course we all listen to everyone and paul tudor jones and there are people talking the big book and the big book is paypal is an idiot, jay powell has preannounced and let's fire him. i think he's presided over tremendous wealth creation that's including everyone this time in the same sense of doing that has he inflated this tremendous inflationary environment that i'm thinking, do you need a they know nothing >> i can't do that because what happened is there are a lot of companies that scrap their capex plans because they were in the middle of a pandemic and it's hard to just kind of turn the switch whether it be sanjay, you just can't switch and say we'll spend capex and we're not using bill plants overnight. we are america

joining me, stephanie link, jim looken that will, josh brown, jon najarian co-founder of market rebellion's go to the wall we are about a percent away from a new high on the s&p. a big week of earn suggests rolling on we have gerstner coming on, and he told you stocks were going higher, and richard fisher will tell us what the fed will do next month, as well. the dow is up 161, farmer jim, the market is coming to your point of view. it's listening loud and clear, jimmy. >> you know what it's such an easy point of view to have. first off, 90% of the time you'll be right if you're bullish and i don't understand people who get so bearish and stick to their guns. you're like a salmon swimming upstream all of the time it's such hard work and why not go with the flow and there are reasons to be higher we're seeing where earnings are. they're high and growing and there are always risks out there. there are always risks that congress does something stupid or that the fed gets aggressive, which by the way, it's not going to do any time soon. what you have here is early in an economic expansion. yo

stephanie link, we've got a lot of unknowns. what's the fed going to do with tapering what are earnings going to bring in this quarter? stocks are volatile and uncertain. what do you think's going happen >> well, there's always a list of worries, always, right? add in what you just said into is up play chain issues and we had a whole host of them this week washington unknowns and now china and china is slowing pretty quickly, but i look and i say, okay, we just had this great news on merck. i'm listening to what companies are saying they're saying demand is still very, very strong and it's the supply side that's hurting their businesses they'll figure that out, but then i look, scott, and we had a 6.7% gdp number. i look at the economy and that is really a great number today's ism manufacturing number was over 60 -- excuse me, the new orders number was over 60 and it's the 15th consecutive month and that's a leading indicator for higher earnings going forward and the university of michigan numbers and we were afraid that the num

first quarter of 2022, i think i'm going to take a look at it. >> stephanie link, thanks for joiningning. have a great day ahead that does it for us on "worldwide exchange. we have futures lower across the board, nasdaq under pressure, watch that as we move towards the opening bell "squawk box" is next moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. >>> good morning, two big tech reports late yesterday and two big misses apple and amazon shares under pressure we'll dig through those numbers. >>> president biden failing to break a blockade by the progressive wing of his party. what treasury secretary janet yellen just told cnbc about that new $1.85 trillion spending framework. >>> plus a canadian tech company

could decide the fate of the mid-october rally that has been boosting the markets with us is stephanie link, high tower's chief investment strategist and a cnbc contributor with stocks to watch. you have three stocks you have got your eye on and think we should, too. let's begin with one that hasn't gotten a lot of love in recent years. ibm. >> that's for sure it is good to see you, tyler this is a restructuring story. any progress they are making on the new businesses, which are really cloud and ai, blockchain, that sort of thing, that's what we are focusing on for the quarter. they bought red hat two years ago and that business has been on fire. they grew 17% last quarter alone at red hat i expect that momentum to continue but this is the focal point, for sure they also spun out their infrastructure outsourcing business why this is important is because it has been a drag on sales by 100 to 150 basis points. i think that will be good news that's november 3rd, the official spin. of course in general commentary about enterprise send can the recovery we heard from salesforce, from workday, ci

and what is the most important level you should be watching right now we're debating it with stephanie link, degas wright, and jon najarian the stocks are seesawing once again today. right now we're green. dow's up 55, nasdaq's good for a quarter of a percent, that's 35. there's the russell in the green, as well today all right, josh, beginning with you. that strategist i mentioned, the most trusted tom lee says the market will keep ping-ponging for a while and he points out the 100-day moving average as the key level. what's so critical about that is we're right there and we're just above it now and right before i came on the air, we were right there. the s&p closed at 43.61 yesterday. the 100-day moving average is 43, 6054, and do you feel we're in a tenuous spot, josh, or making too much of all of the risks? >> so on a short-term basis, i do think we're in a tenuous spot, and you know, i'm watching that 100-day moving average as well as the 50, the 200, but the funny thing about these imaginary lines that we draw is that when sentiment turns they disappear in a second. like, they're not

today hightower chief strategist stephanie link back.hanie dow, s&p, nasdaq higher for the third day in a row kind of surprised the markets loved the kick the can down the road punt it a month and a half debt ceiling negotiation. >> i think it just sort of dials back the pressure. a fewer thing to worry about in the october/november choppy period and when the market got stretched to the downside. the economic numbers are coming in reasonably well relative to expectations and seems like we had the 5% to 6% pullback people were looking for. it put distance between the monday lows and today is 3%. the market is operating within the rails and it continues to do that today doesn't mean that this is just kind of an empty calorie rally or that but taking a step by step and did not power through some of these sort of thresholds that you might have expected with a really strong endure rally i think with the jobs number tomorrow. >> steph, have you been encouraged do you feel like we're past the worse of the september, october pullback now >> we a

stephanie link is still with us.n hard to believe there's a record high first time since early september. >> seven-week round trip become more of a slow motion stampede light volumes. nobody aggressively selling into the return to the highs today. you have to thank tesla, netflix and microsoft. it is good to get it out of the way. and then talking about it. we are back in that zone even if as i said seven straight days in a row is a stretch just in a very short term. >> we'll continue the market discussion in a moment but there's breaking news from washington on the spending bill. hi, kayla. >> hey as the white house and top democrats discuss the future of possible tax hikes on corporations and wealthy individuals to pay for the massive package we learned that the white house recently communicated as of last night to top committees on capitol hill specific guardrails on two other programs to try to shore up revenue or limit the costs on these programs specifically, white house officials commune kated to these committ

and what is the most important level you should be watching right now we're debating it with stephanie linkand jon najarian the stocks are seesawing once again today. right now we're green. dow's up 55, nasdaq's good for a quarter of a percent, that's 35. there's the russell in the green, as well today all right, josh, beginning with you. that strategist

. >> thanks, bob let's look at how to play the economic reports with us stephanie link high towers chief investment strategist great to have you on at this hour appreciate your being here let's start with economic numbers that are coming out later this week that i know you're focused on. one is cpi that is -- we're talking more about inflation later this hour. give us your thoughts on it, whether you think it's transitory, more lasting because, boy, home heating prices are going up later this year >> and it's good to see you, tyler. cpi and ppi are big data point this week. i think some is transitory but some is not. we're watching wages rb rental costs. rental costs follow home prices. we know home prices are up on average about 16% to 18% year over year. so those parts are not transitory in my view. so let's see how the nfib how this translates into the nfib sentiment survey and we have jolts in retail sales. i think retail will be good. they were good last month but i think the consumer is in good shape. >> you have a lot of demand, consumer demand. but the problem seems to be on the

stephanie link, we've got a lot of unknowns. what's the fed going to do wit

joining me, stephanie link, jim looken that will, josh brown, jon najarian co-founder of market rebellionthe s&p. a big week of earn suggests rolling on we have gerstner coming on

investment committee today and find out what they are buying and selling and joining me for the hour, stephanie linkian and founder of rebellion.com. investors digesting earnings report you see the dow, s&p, nasdaq all in the green transports are hit

what we will also debate the state of your money and the markets joining me for the hour today, stephanie link, jim lean know that will and jon najarian, co-founder of masrket rebellion.com. we have a nice tick-up in stocks today. take a look at the dow, s&p, nasdaq, everything's positive u nasdaq's getting the biggest bounce from a percentage standpoint, almost.5

to help break them down for us is stephanie link. i want to start. let's run through a couple here. >> good morning. >> good morning to you we've been talking about snap all morning. the company said ad sales are hurt by the privacy challenges that apple rolled out to ios earlier this year. becky quick says the quick family is still using snap. >> not me. the kids. >> the kids in the household. >> so are the links for sure, by the way. i think the setup wasn't so good, andrew in terms of the stock being up 51% year-to-date. snap also was up 23% from the second quarter so the expectations were high and that's because most people thought that they would be insulated from the apple privacy issues clearly not the case last six quarters this company has beaten revenues by on average 10%. so clearly this miss was a surprise now 57% year over year growth was amazing. whisper numbers were 70% taus were what was expected but whisper numbers were higher. they needed to guy to at least 50% revenue growth because that's what they have been saying they can grow o

. >> i was going back and forth with my friend stephanie link, mcdonald's, coca-cola, what do they have? scale. they're kings in their own realm. in the old days, we were these companies are bigger that are ford but what a quarter from -- >> particularly with the supply chain issues, scale matters so much, big box stores, lowe's and home depot will do better than some of the their small competitors. >> costco and old navy hey, hedge fund once had a name. >> and then we come back to the size of these numbers. >> the move in home depot and lowe's is something. hd is closing in on -- >> people are why? they're so about they, but yes, home depot has been so busy. it shouldn't be right now. >> solar stocks, i think we should mention quickly also shortages that's record revenue. this is the leading supplier of microinverted-based batteries. non-gaap, you get the picture. >> solar is more competitive >> look at the whole group here. >> first, there is a belief there's growth potential here. we do know where we're going >> mean being the first man in the sun light, richard -- >> why is -- it lo

eric jackson on why he thinks the worst is behind the market stephanie link is still with us.y performance. where does it set us for key levels >> i would say it's pretty close to where people were looking to see if -- let's say above 4450 gets you started that's an area that the market fell from pretty hard back late september before we made the ultimate low i don't think it's necessarily make or break right here but it is important to note we have regained about 60% of all the s&p points lost from the top on september 2 back to the intraday low so you got more than half back that's often a place that you have to fight it out more from there. the earnings season is i think a pretty welcomed distraction to get back to company specific stuff and because the market is weak going into it unlike the past three quarters, you have had a little bit of discounts built into the areas maybe not a strong sell the news response so i would say that the overall action is encouraging but understand that sometimes this is when you might have people come in and say sell the rally like last thu

. ♪ >>> futures down 371 on the dow, joining us now stephanie link, chief investment strategist portfoliok about an oil stock caliber oil services, stephanie. because we have been having this conversation we got all kind of ideas about this i mean, it's $23 you are talking about bargains, it was $70 their business is intact for where it was five years ago. maybe not completely when we had the pandemic but it's almost like the woke virtue signallers decided through esg that big funds were not going to support the oil industry so they pulled the support from it and hurt all the stocks and the demand and the use and underlying fundamentals have to change we still need the products. >> you just made my case forry like this stock. not only that but slumberger is off 43% year-to-date and trades on a two multiple point discount i think you will seychel spending, because the economy is improving and this is versus down 50% in shale spending last year so these guys are one of the leaders of the industry. they got great technology, great services and increase production and international is 66% of

. >>> let's bring in stephanie link from high tower and cnbc contributor.w you live for weeks like this i can see the excitement running through some of the movers google parental fa bet higher than the 2,348 expected. and at 43% up from $47 billion youtube ads rose cloud revenue shourt of estimates. you own alphabet, don't you? >> i do, joe i think the stock expectations were so high other names are cheaper. revenue beat earnings. margins expanded 608 basis points the slightly negatives are youtube grew only and cloud deselled to 45% growth you compare that to microsoft at 48%, a little shy. a couple of knitpicky things they needed to blow it away. they did on a lot but not all avenues. >> microsoft and the cloud people have windows. remember the denies of microsoft. it never, ever happened. beating estimates by nearly 20%. also beat estimates. they have a great cloud business in azure you see that at 20%, it makes me think how did this guy selling books online figure this out did we know when the pandemic was starting that it would be such a boon this isn

stephanie link chief strategist at high tower.what are you looking for terms of trading numbers and loan growth right now? >> good morning. jp morgan sets the tone. they always do we have 47% of financials reporting and the big six in the next couple of days. i want to hear the macro economy. that to me is number one are we at the inflection, andrew we are close that bodes well for the guidance and the three cs consumer credit capital markets. lots of moving parts but i think the commentary is the most important. >>what are you expecting in terms of credit card balances? do you think they'll be paying them down? >> i think they do consumers have $2 trillion in excess savings they are and have been i think credit is in check the biggest question mark for jp are not revenues or credit it is expenses are they going to guide that expense dollar for the full year let's watch those numbers. >> 17. none interest expense 17.1 it is out. i thought i'd tell you. >> that's good >> isn't that exciting >> very exciting the company earned $3.74

we still have goldman sachs coming up, but stephanie link is here, cnbc contributor ken leon, director and analyst of research at cfra. good morning to both of you. stephanie, we've heard from basically everybody, i'm trying to think -- we still have goldman to go. but it's been pretty good across the board. >> it's been very good across the board. and the themes are strong investment banking, strong equity trading even thick, even though it's down year over year it's up from 2019 levels, m&a is awfully strong the efficiency ratios have come down, which is encouraging, so costs are coming in. i think the financial strength if you look at the common equity tier number one those numbers are in the double digits which is really great. i think this sets up for going forward, operating leverage for the group. we saw it with bank of america, with morgan stanley, we'll see it with the others over time, especially if rates go higher. >> ken, one of the issues is we've seen the stocks move already, so the question is how much more do they have to move >> so the banks put in a strong quarter. it

it's back to yogi bear ra stephanie link made a good point earlier when she said apple is a loved stock perfection and maybe that's part of the problem, too let's get you caught up on a few other headlines. facebook has a new name, announcing its new corporate name will be meta and that's effective immediately. the move is designed to reflect the company's expansion into other business areas the media platform will retain the facebook team. treasury secretary janet yellen says she's hopeful congress will pass the spending proposals. she thinks that could happen as soon as next week. she said the bills are fully paid for and will not drive up inflation. house speaker nancy pelosi had hoped for a vote yesterday, but that was scuttled by progressives, even as they endorsed the president's spending framework here is the outlook for growth as the fed prepares to announce its taper. >> it's true that some of the fiscal stimulus will wear off, there will be less fiscal stimulus next year, for sure but households have amassed a lot of savings, wealth has increased, they've stashed away some of

so everything is really linked her very, very difficult times. indeed, sir, stephanie decker reporting live from trouble stuff when a fact ceremonies taking place in paris to mock 60 years since the massacre of algerian protested in a police crackdown. as for you, some live pictures now from the french capital, where mer and hidalgo is attending a memorial event. on saturday, maddie, all mc chrome became the 1st french president to attend such a ceremony. but he stopped short of issuing a formal apology. the precise number of victims is on loan, but some historians say that several 100 people were killed jury demonstrations against french rule. one out from al jazeera is sonia again. i 60 years on from the paris massacre and the wounds run deep. one day before the anniversary president macklin attended the official commemoration alongside relatives of the victims. he paid tribute to them, yet no word of an apology from the man who was running to keep his job in next year's election. not even a public speech in a written statement put out by the president's office, mccall observed a min

link posted over on our website. just click vaccine watch live in the newsroom stephanie sierra abc 7 news stephanie. thanks very much in marin county masks will come off on monday officials say the county has met all the tired metrics and the masked mandate will be lifted at noon on november 1st. the mandate was put into place august 2nd as part of a bay. wide public health response to the surge in cases related to the delta variant. it's the first bay area county to reach the benchmarks including a vaccination rate above 80% marin and san francisco are the only bay area counties currently in the yellow or moderate category. this year covid-19 cases are down and now people are turning up the fun for halloween experts. say the fall holiday is slowly making a comeback to free pandemic levels, even the national retail federation says this year people are predicted to spend more than 10 billion dollars on the holiday the spokeswoman for the halloween and costume. associ. station says compared to 2020 candy costumes and other decoration sales are up 25% 16% of americans plan to take their children trick-

sf.gov/vaccine sites to find a clinic near you and of course we have that link over on our website as well. all right. thanks stephanie. and before you go, what are the doctors say about the thinking behind why seniors some seniors have not gotten their booster yet? why? well, dr. baba pointed to mixed messaging on boosters when the ea and cdc were not on the same. age it certainly created some confusion. so she thinks that could partially be to blame here, but also added, you know, some people haven't been tracking their six-month timetable from when they've finished their vaccination series. we've got to remember those vaccination cards and take a look at them again. it's a good reminder to keep tabs on that and when you are eligible or if you feel at risk to go ahead and get one, absolutely stephanie sierra. thanks, stephanie. now if you have questions about covid-19 vaccine mandates policies or what's happening. live you can ask our vaccine team. just go to abc 7 news.com slash vaccine and click on the big blue blue box. you see right there. right moving on the united nations climate change conference begins sunda

linked attacks, many foreigners left afghanistan up to the u. s. federal in august. but some aid workers and journalists remain, stephanie decker has moved from capital the americans and the british warning against our people staying away from hotels in the capital. one particular hotel was mentioned as you know, having a real security threat against we've heard about this in the last 48 hours or so. the taliban is taking it seriously. they beat dr. curt security also using their special forces to cordon off certain roads using sniper locations. the taliban main card that they played was that they could maintain security in this country that they were the only ones to be able to maintain security in this country. what we're seeing recently in the last, especially 10 days or so is an escalation, a step up by i so okay, that is the afghanistan branch of iso in terms of attacks. they started more until about in the east of the country than they attacked a mosque here in cobble just last sunday, and significant breach of security there. because you had senior members of the chat about meeting their suicide bomber blowing him

a particularly linked to the withholding of millions and millions of dollars of international cash that this country has become hugely dependent upon in the last 2 decades. stephanie decker in cobble, thank you for that. onto the news and protests of the gathering and sedans, capital to demand greater representation. the government was rather been organized . find the lines of armed groups and opposition. members, there is growing tension between the civilian, the military leaders, prime minister though, so think divisions and are causing the worst crisis yet in the countries transition to. so if you move about doing, i would not be exaggerating. if i said this political crisis is the worst and most dangerous crisis that threatens the transition and even threatens our entire country and warns of a terrible evil. this is due to the deep splits among civilians and among the military as well as between the civilians and the military. more on this would have been morgan, she's in cotton. they call themselves the forces of freedom and that's the same name of the alliance that met and to government protest against president dominant here, which eventually led all the th

link to the fact that there is absolutely no money here at the moment. a severe cash flow problem. plenty of moving parts to that one. thank you for the update. stephanie ticket for us live in campbell. the pentagon says it will pay compensation to the families of victims of a drone strike in cobble $10.00 afghan civilians including 7 children would killed in the oldest $29.00 strike during the final days of the us troop withdrawal. washington originally said they had struck targets linked to the eiffel affiliate in afghanistan. indians ordered some, offered rather sincere condolences and says it will work towards relocating surviving family members to the us. mike hannah is in washington d. c with moon. this is just the beginning of discussions. no sons have been discussed. the compensation took place between the ceo of the n g o that employed zachariah mit, who was the employer who was killed along with 9 members of his family. it was a virtual consultation on the other side was the under secretary of defense for policy. now they were basically opening discussions as to how compensation can be paid and down the line in discussion with lawyers. it wil

stephanie ruhle. good afternoon to all of you. i wanted to listen there at the end in case president biden took any questions. interesting that he linked -- and this was not unexpected -- that he linked his agenda to what he wants to see longer term as it relates to progress here on the supply campaign. >> absolutely, hallie, that stood out to me as well. the president talking about the news in the top of his speech, the fact that with an agreement of these ports, they will be able to be operating close to 24 hours a day and seven days a week. the president is touting the fact that by bringing these ports together and working with the private sector, there will be about 60 more hours per week where these cargo ships can be unloaded and goods can be moved, even though there is a whole separate trucking issue with getting these to the private companies. and that's why he is asking them to step up, meeting with the heads of walmart, of fedex, of ups, home depot, a number of companies. and very notably i thought there, hallie, the president said he wants to see if the private sector can step up first. if they can't in some respects, he sai

stephanie murphy said she is profounding disappointed and disillusioned by this process. the business community is also frustrated the sham -- the chamber of commerce called the president wrong for trying to link the bills. house speaker nancy pelosi now wants to pass the infrastructure bill she says by halloween guys >> thank you a lot more to come we'll talk about that and try to figure out what that means to the markets as well. coming up when we return, futures are under pressure but off the lows of the session we'll get you ready for the first full trading day of october, next. ozy media shutting down amid the scandal, carlos watson is going to join us live on "squawk box" at 8:15 eastern time a conversation you do not want to miss. u' wchg quk yoreatin"sawbox" on cnbc [crowd cheering] how's sanchez looking? with your qb's increased spin rate, any pass with a launch angle of at least 43 degrees puts sanchez in the endzone. you a data analyst or something? an investor in invesco qqq. a fund that gives you access to nasdaq-100 innovations like ai statistical analysis software. how am i gonna do? become an agent of innovation with invesco qqq. ♪♪ don't like surprises? [ watch vibrates ] proa