Europe is higher and kay shiller home prices just released. Road map begins with under armours ugly outlook, slashing the full year guidance, the lowest open in four years. Plus apple versus qualcomm. They may ditch the chips for next generation of phones and ipads. 126 million and counting, facebook and google and twitter on the hill as new data shows the scope of russian backed preelection manipulation, far greater than previously disclosed but first david has news on a big deal. Yes, we do. Emerson electric wants to own rockwell auto mason and made a series of offers to the company in an attempt to fulfill that desire emersons most recent offer was worth more than 27 billion. It was made in early october for 215 a share that was split evenly between cash and stock the offer worth 200 in early august and one it made a few weeks after that, emersons latest offer to buy rockwell, which increased in value, was met with a ters rejection according to people with knowledge of the correspon
Squawk on the street begins right now. Good wednesday morning. Welcome to squawk on the street. The shows going well already. Im carl, with melissa lee, jim cramer and david faber. We have earnings season officially under way. Courtesy of alcoa, some pretty decent sentiment this morning. Well talk about that with cramer in a moment. Europe, numbers over there as well. Germany Industrial Production did miss. Green arrows across the board from london to paris to frankfurt. Our road map kicks off with earnings season. Europe is better than expected, but does this set the tone for the season with goldman predicting the s p will be in a Holding Pattern for the first quarter. Apple at the low end. The journal reporting a cheaper iphone may be in the works. Is apple simply going to where the growth is, and a sign that margins may face more pressure . Yet another setback for boeing and the 787. Canceling a domestic flight after a computer erroneously signaled a brake problem. Clearwire gets a