Good Tuesday Morning welcome to squawk alley. Im Carl Quintanilla with jon fortt and we had losses at the open but were close to session lows. Dow is down. 3 . S p 500 below 3400 the name of the game, jon, q3 earnings really no stimulus headlines to speak of were watching covid19 levels mega cap, m a in the chip space. You know what im talking about. Absolutely. We telegraphed it here it s were going to begin with amd and that 35 billion planned acquisition of xilinx. Its the boldest bet in a remarkable run by amds chief executive officer dr. Lisa su taking over almost exactly six years ago in october 2014. Sue has taken shares of amd from 3 to, what, 79 as of this morning. More than 2,000 rise. Todays deal is another challenge to intel its a push for market share in data centers and just the latest move by sue to turn amd from an also ran into a leader. Hopefully you have got to know me a little bit im all about focus and execution. You know, what we set out the plans for amd over the
Find skilled workers some builders are starting their own trade schools and they are free well take you inside one. Power lunch starts right now hello and welcome. Busy two hours ahead stocks higher on the last trading day of october spooky, not so much this month nasdaq, new record highs today its been an october for bulls the dow and s p 500 both on track to post their best monthly gains since february on pace for their nineth positive month out of ten this year take that any day, right nasdaq could post its best month since march. Lets check out some movers. This one moving the other way. Under armour down about 13 . Slashing its out look there. Rock well automation is soaring. Emerson electric wants to buy it and has made a series of officers over the past few months rock well rejecting those un unsolicited offers bryan. Thank you we begin with breaking news. President trump weighing in on the tax plan saying he wants a bill passed by thanksgiving. Reporter it is an aggressive time
Nice orange tie. That would make me Bill Griffeth the end of the month, which z stocks are the big winners and big losers for the month of october. What a year it has been for the stock market today the cme looking to launch Bitcoin Futures before the end of the year. A wall street expert says it reninds hr reminds him of the financial crisis all over again. Terry duffy will join us to discuss that on a first on cnbc interview coming up. Kind of like christmas music, you can only play it that one time right . Then tomorrow its too late. All right. Lets get to washington where executives from facebook, twitter, and alphabet are testifying right now before the Senate Judiciary committee about social medias role in last years president ial election Kayla Tausche has the latest on whats going on right there. Kayla . Reporter bill, youve seen the ceos and chiefs of these Companies Pushing out prepared testimony on their various platforms but its the general counsels who are here in washingt
Information, accusing government of malaysia of cheating them. Heartbreak for the families of flight 370. Malaysia airlines has told families in a text message that quote, none of those onboard survived. The search for wreck arge has been put on hold because of bad weather. In Washington State search for survivors following that massive mudslide. The death toll now 14. Found a silver line nth devastation. Oh, my god. We had one thing to celebrate after, you know a day of just horror. Blizzard warnings going up in parts of the northeast. You can expect disruptive snowfall in eastern new england. Not far from the minneapolisst. Paul airport, snowy conditions are blamed for a Chain Reaction crash. Holy [ muted ]. Three skydivers. In this video posted on youtube, you can see them jump from the top. In the middle of the night. They went through a hole in the fence and walked right up to the building. They encountered no resistance whatsoever. Breaking overnight, two people found dead after
Indicating another tough day for the markets after the first backtoback losses in five weeks for the s p and a fourday losing streak for the nasdaq, but as well talk about with jim in a moment, could clearing the froth be just what the market needs . General motors set to continue lower after its worst oneday performance in over two years that was yesterday and after a report that the u. S. Attorneys office in new york has opened a criminal probe in to the handling or lack of handling of a recall. Continuing fallout from the target breach. New data finds that customer traffic fell to a threeyear low in january. And we talk to twitter cofounder biz stone about the outsized valuations of some of todays startups and whether were in the midst of another dotcom bubble. The s p logged its first backtoback losses in five weeks and the nasdaq posting its first fourday losing streak since august as shares of fuel cell, plug power and tesla took a hit. Cramer sounded off on all of this last nigh