Happy friday. Welcome to squawk alley. Kayla, myself at post nine. John is off today. Also joining us, cara swisher at re code. Good morning, kara. The ceo of blackberry, john chen will join us. First, a bit of a friday selloff to accompany the thursday selloff. The worst two days for the dow since the beginning of september. Bob pasani is on the floor. Bob. This is a slightly different feel to it than this week. Remember, we have been slaves to the oil market. Its been oil thats been a mover of the stock market this week. This is a little bit different today. Take a look at the s p 500. We started on the weak side, and basically just drifted lower all throughout the day. Remember this is an expiration date. The volume is heavier than normal. In fact, that is not bringing down the market. Whats interesting here is financials are weak. Remember something. If the expectations are for lower rate less number of rate hikes, less chance for yield curves staep steepening. Financials might hav
People over 50, the vaccine was 14 effective. The flu has mutated since the vaccine was created and manufactured. Radioshack preparing to file for bankruptcy. It could come as early as next month. Radioshack is also talking about sprint, the wireless carrier leasing some of radioshacks stores. Chinese uber competitor raised 600 million in funding, with existing shareholders ali baba and Tiger Global Management taking part. It is now valued at 2 billion. In china, upstart phone maker xiaomi is known for one thing, cheap phones. Now the upstart is jumping into the higher end market, taking direct aim at samsung and apple. Xiaomi Just Announced their biggest and most expensive smartphones for 371. That makes it a tad bigger, a little thinner, and a lot less expensive than the iphone 6 . Here is xiaomis ceo in beijing. We are lighter, thinner narrower, and shorter than the iphone 6 , but we have a bigger screen, all without impacting function, performance, or design. But is this a risky mo
The predominant flu strain. People over 50, the vaccine was 14 effective. The flu has mutated since the vaccine was created and manufactured. Radioshack preparing to file for bankruptcy. Radioshack is also talking about sprint taking the wireless sprint, the wireless carrier having at least some of radioshacks stores. Chinese uber competitor raised 600 million in funding, with existing shareholders ali baba and Tiger Global Management taking part. It is now valued at 2 billion. In china, upstart phone maker xiaomi is known for one thing, cheap phones. Now the upstart is jumping into the higher end market, taking direct aim at samsung and apple. Xiaomi Just Announced their biggest and most expensive smartphones for 371. That makes it a loss less expensive than the iphone 6 . Here is xiaomis ceo in beijing. We are lighter, thinner narrower, and shorter than the iphone 6 but we have a bigger screen, all without impacting function, performance, or design. But is this a risky move for the C
Their annual retreat, hershey pennsylvania. They will talk about priorities for the upcoming year. The north dakota senator john hoeven talked about some areas of possible compromise. We need to pass a sixyear highway bill. I think we will get that done. That is huge for america. Tax reform, absolute priority. Everyone wants to do it. I think it is doable. Good for jobs and the middle class. House and Senate Republicans have frequently found themselves at odds in various issues. The chinese uber competitor has just raised 600 million in funding. The round was led by softbank. It is now valued at 2 billion. Is this the end of the road for radioshack . Shares down about 24 after reports the company may have to file for bankruptcy as soon as next month. Radioshack has posted a loss for 11 straight quarters. In china, xaomi is known for one thing, cheap phones. Now the chinese upstart is jumping into the higher end market, taking direct aim at samsung and apple. It Just Announced its bigge
Switzerland surprise move in severing ties with the euro after cutting Interest Rates. We will have the latest from copenhagen. Could turkey be about to lower its Interest Rate . The countrys deputy Prime Minister said a cut is on the cards as early as today. Welcome to countdown. We are waiting for a word. The company says nonoperating profit coming in for 2017, so it is giving its projections for 2017. It sees cloud and support revenue between 1. 9 5 billion and 2. 0 5 billion. A big day for s p. It is unveiling its sixyear plan. Is it sustaining its 2017 target of 35 operating margin . That was the target it announced one year ago. But as one of the key questions we will be asking the chief executive when we that is one of the key questions we will be asking the chief executive when we speak to her. More projections crossing the bloomberg terminal. Operating profit between 5. 6 and 5. 9 billion euros. That is for Constant Exchange rates as well. The big story is it has lowered its e