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Transcripts For CNBC Squawk On The Street 20121023

Well start with corporate earnings mostly the blues. Du dupont posted an earnings miss. How worried should we be about a global slowdown . Apple is upping the ante in the mini wars. Can the move to go small beat back challenges of the likes of google. Well begin with Earnings Reports that are reviving jitters about Global Growth. Shares of dupont taking a hit after earnings came in short. Dow component announcing plans to cut 1,500 jobs over the next 18 months. 3m matching wall street estimates with Third Quarter earnings but lowering the outlook citing current economic realities and u. P. S. Reporting earnings in line but revenues short of forecast. Its been said this morning that the last hour yesterday was the biggest fake pump in the history of trading given the news were getting this morning. It was a playaction fake and turned out to be a pick six. When i look at the numbers this morning, i want to distinguish them. U. P. S. , we expected bad. We gave you bad. 3m expected okay. G

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