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Transcripts For CNBC Squawk Alley 20161027

The banks and the tenyear breaking out but we start with twit they are morning, moving higher, posting its ninth straight quarter of slowing sales growth and announcing it will cut 9 of its workforce, about 350 people. Top of the Bottom Line Results did come in bovis mates and the service adds 4 million monthly active users. Jack dorsey on the Conference Call earlier this morning. Were focused on building the most useful, open, and co comprehensive news network on the planet. This is the fastest way to see whats happening. Our product is already revolutionary and were focused on improving it every sing dale. Weve been making hundreds of small changes as quickly as we can that will continue to compound in more usage. How do we divide the conversation between evolutionary, revolutionary in terms of the core business and the m a, which he just refused to answer . Jack dorsey said extremely important. That is the first time ive heard twitter recognize what it is, which is a news and live e

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