Names in the group about to break out. But first, we start off with the move in oil past 50 bucks a barrel today, settling at its highest level in more than a year. Its actually whats been rallying that piqued our interest. Over the last month, the dollar higher, things that dont rally when oil does. Is the economy perhaps stronger than we think . Guy . It would appear so. If you ticked all those things you mentioned, you have to say, were looking at a stronger economy. I dont think were looking at a stronger economy. The numbers continue to come out, the ism data and what have you is mediocre at best. What i think is going on is this mad rush out of bond markets overseas, which is now formulated, manifesting itself here in the united states. And its giving people the illusion somehow our economy is better. I dont think thats the case. But it doesnt matter, because the market is interpreting that way and the stocks are moving to the up side. Tim is talking about oil, hes been right. Bu
Julia. Reporter well, netflix shares skyrocketing as much as 20 higher in after hours trading as its results blew apast expectations. Netflix beating projections on revenue, earnings and subscriber numbers with guidance for the Fourth Quarter also better than expected. On the call, investors will be looking to understand what drove these results and whether this kind of growth is sustainable. Some hot topics to watch in the video q and a just about to kick off now. The companys growing investment in original content production, which Reed Hastings said is less expensive than licensing a series or film. International growth in profitability is always in an area of interest. And we can look for some insight into the companys new china strategy. Hastings Just Announced they plan to license content to existing Online Service providers, rather than operating their own service in china. Theres always interest in Reed Hastings perspective on competition on the heels of Goldman Sachs recommend
Meg terrell is here with a special report. One of the widely held stocks in america hitting all time highs. Microsoft surging on a big earnings beat. Last time it was at these levels was december 30th of 1999. Guy adami was just 15 years old. What does it mean for the rest of big tech earnings . Dan nathan, what do you say . I think this is pretty microsoft specific. We got guidance from microsoft for q4. We know they had a solid q3. Microsofts cpcbusiness was down, the other stuff is making up for it. They have two hats, they have the cloud business, which is private and public, and thats growing. The aws piece, azure, excuse me, grew 140 . Thats what they want to see. We were all just talking about it. You own the stock, this is one of the reasons you think its going to be a 100 billion market. These guys are well positioned behind amazon. Its hard to argue with the growth youre getting out of azure and office 365. These guys can now say weve transitioned the company from the dwindl
Whoohoo whoohoo good morning. Welcome to squawk alley, Carl Quintanilla with jon fortt and Kayla Tausche and ceo daniel rosenswag, former chief operating officer at yahoo also from one market, the New York Times tech correspondent mike isaac. Mike, good morning to you as well. Our top story is facebook reportedly developing this new censorship tool designed to persuade china to allow the social network to reenter the worlds second biggest economy. That is according to the times. Facebook has been banned in china for the last seven years. Mike, you broke this story, and it raises all kinds of questions about what theyre capable of in terms of screening content, and now increasing what theyre willing to do. Yeah, thats exactly right. I think the biggest point here is just the fact that facebook is even considering some form of censorship in order to get back into china. The sort of general knowledge or general belief among a lot of western Internet Companies shares a lot of american valu
Twitter stock under a bit of pressure this morning. Company getting downgrade to underperform from oppenheimer. Well give you the latest on that potential deal for twitter. Share of deutsche hitting record low on fears a looming 14 billion fine from the u. S. Will force a capital increase. Reports say angela amerimerkel not step in with any state aid. But first, the first president ial debate between donald trump and Hillary Clinton. Could mark a turning point in the race for the white house. Many National Polls showing candidates in a dead heat. Be sure to watch cnbcs debate coverage tonight 9 00 eastern time. Jim, we talk a lot about how the market is synthesizing politics. This is a new chapter now starting now. Theres this undercurrent going on now. Ive got john harwood here, so i always defer, but this trump is more thoughtful trump. I dont know if thats true. I also know roger ailes resigned certain point from fox and rogers id always like to hear how much hes really involved, bu