Stocks testing critical levels durab durables, though, were fought good ten year 176 our road map begins with twitter. Tanking as you know. Tesla up big two big movers on this busiest day of the season. Amazon and intel report tonight. Plus the 737 maxes are taking a big hit. The ceo will join us first on cnbc. Beyond bearish bets mount ahead of the companys lock expiration and 3q results. So lets start with two big movers in tech tesla is surging after surprising a quarterly product delivery and cost cuts they expect to deliver more than 360,000 teex e vehicles th vehicles this year ted segal, on a weak revenue guide, despit daus that beat consensus up 17 the buck in the ad product, jim, that kept them from basically getting good data to share with their ad partners, took 3 points off the growth. Very self inticketed wound. Ned segal comes to realize as a cfo the spokesperson for the firm, you know, i come back and i say, look, it is still a must buy if you want to introduce the joker. You want to buy on twitter but they did have seasonality and when you listen to the companies that are like snap, they dont talk about seasonality. Because the growth path is so good so twitters self inflicted wounds how they address privacy issues twitter ad serving not necessarily perfect. Twitter still vital as a buy for advertisers. The thing that i guess made so it that you are not going to see a bounce is he did say the problems will continue in the Fourth Quarter you never want to hear that, because what it says is, you will get gob smacked again so i find twitter even down 6 to be a tough buy i just was kind of flabbergasted that they made so many mistakes, themselves do you think its as critical ad buy given the number of critical outlets coming online this year and next that will be possible ad poet surface. I take twitter when he says you want to know where the joker got the best impressions, it was on twitter i never understand when they say you have to watch twitter because of our president they never do that they never just say you know what twitter is intgrale to trying to figure out things you think about they still dont know how to tell their own story id find their story is far too diffuse versus what we know twitter as being, which is the way the president disseminates information in the way they used to do press conferences, but they dont do that maybe theyre afraid to say, listen, 2004 president s best friend, because hes unpopular in a lot of place, but they dont talk about being a must look they talk about screwing up. Ned was so i felt to say to ned, hey, ned, cmon, snap out of it. You are too down today it wasnt just segal, though, jack dorsey addressed this on the call take a listen. Unfortunately, we had some missteps and bugs in our map ads that increased seasonality in july and august. Despite that we saw strong september results and good advertiser momentum. Our goal in rebuilding our core ad if map Technology Secretaries was to address these sorts of issues and increase engineering agility. Because of this work, we are much better equipped to identify and fix issues we come across today than we were one or two years ago. Stin painful but no longer existential as it was in our past well, i dont want to existential. I mean, im not asking for a camoo or a sarp, im trying to get betterthanexpected numbers. One of the things that bothered me, oh, things you thought was working werent . It was a like a pre mer were not as bad as you think, were going to get better. I didnt know we were buy. When you look at a stock that was done, people were saying, wow, not only did i know they were doing what was badly, they havent fixed what was doing badly. Jack and ned had that feel of a team that you know what, we didnt make the playoffs this year and its early in the season its not for them. Theyre not making the playoffs. Theyre not in the playoffs. And they know it. They know theyre not in the playoffs its always tough. There is no draft choice at the top if it tanked you got to wait a while for the draft. Yes i think look. I want to tell jack the trading deadline is next week, you better come up with something. But it was a quall u call where they gave you very little reasons to own i came away from the call depressed. I came away thinking that i dont know whether i need xanax or lipitol i dont know david if you need a powerful all you need to do is look at tesla to feel differently. That was powered by tesla and cbd. There was a call i got to tell you, ford sounded like tesla and tesla sounded like ford. Tesla was like it was like listening to a call from a real company that made cars and made money. Not only that, they wanted to spend a lot of time on the Energy Business on some solar. Thats interesting to kind of get you excited about that again. How about china, the fastest to grow and put up a factory and hire people . This was a im not saying it was subdued, elon, but it was a guy who makes cars i kind of like, i enjoy him. I enjoy this kind of not wise guy. You enjoy the nontwitter musk in some ways . Yes i mean, look, he gave you. Now, people hate this. People who on twitter to me today, which hey by the way jack now i feel like i shouldnt after listening to your call you know, tesla comes out and basically, you Say Something good about tess larks say, hey, you said it was bad. Now you got me caught in a short. The fact is a lot of people think its hocus pocus i come back and say i look at the indication position and say. 5 billion the most ever they had some actual cash flow i think musk is still very profession promotional. Take this from the call. Now we think its in a good place headed to a great place, weve restored resources to tesla storage, so i think that will be the crazy groat for as far into the future as i can imagine. But he didnt trash negative analysts. No. He was clearly sober in the calls, no doubt about that okay. You tell me. Im not saying that he ever wasnt. He didnt hit sobriety yet. I wasnt, be careful in that conclusion you drew. I didnt. Im talking more cbd oriented, anyway i think thc, remember this, its a fraction cbd you rub on yourself its better people say than icy hot. It was just a regular call thats one of the reasons the stocks so much he wasnt on twitter saying this was the greatest quarter ever. I will make 500,000 cars there was none of that, david, there wasnt the china thing, it turns out if you liked, by the way, like Dan Schullman, if you work with the chinese government, you can do a tremendous amount of business go there was a fair amount of expense control in this quarter. Yeah. Stocks still down for the year this is the first visit back to 300 since february but this would be the best day in what since 2013 you got to look, it was, again, look,ient to be facetious here, gm had an okay quarter now they got to strike when they lose x money a day ford tried to put some lipstick on that one. Tesla is making a lot of cars and selling them there was no deened ma no one is talking deened ma. Remember we said there is no real demand. There are still questions about overall demand they have to hit what 100 something thousand this quarter to get to the low end. Can you say, how about it wasnt a bad quarter can everyone agree with that without a doubt they made money when they werent expected to, they hit their delivery targets talking solely about solar and energy s3 says 75 of the paper profits this year have been wiped out. How about that . Last night a lot is short coming last night. Did you see him on twitter last night did i see who on twitter. Elon muck that was me, remember i simulated him. Ive said i bashed the short, i really crushed them. I thought it was good. Now i know listening to the ned segal moment when no one was watching, but i did it anyway. Theyre watching. There are some out there. There are a lot of people who didnt and theyve made mistakes and tail try to correct them not yet. I thought he was betting going snap snap disappears yes a historical record is that an insider trade if. When we come back, dow getting a lift on earnings beat. We got to get through the airlines and ford and ebay our own parent comcast, of course futures look good as the s p is in within 1 of all time highs dont go away. Obvious. Sometimes, they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. But were also a company that controls hiv, fights cancer, repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you healthy your whole life. From the day youre born we never stop taking care of you. Shares of dow, dow chemical rally. The Company Posted lower profits and sales. But it delivered an earnings beat, i think more important you talk about dow as perhaps a play on business bottoming and doing better if 2020 in 2020. Jim is with us do you like my concept this is going up, business bottomed and Going Forward, we will start to see some earnings momentum good morning, jim, thanks for having me. I do think weve seen pmi slow down for the last four consecutive quarters and we saw, obviously, a step down in the oil pricing about this time last year and since then, things have moved down, invent errors are down youve seen some soft the backlog in the industrial sector now. I think we are poised any pull, any kind of a tail wind with all means that we will get a little bit of earnings momentum and margins improvement and tightening of the supply demand balances. What do you think of what you guys are doing in terms of product lines . People say what does it matter but outlook for ethylene, youre then they and outlook for sill urethane and outlook for silicon . Because i sigh signs these are all getting better. Silicon is an area, the consumer is strong silicones show up in a wide variety of products you use. That consumer demand is pulling that chain with ewe have a little weakness in the oxane chain, as we entered 18 bottlenecks in those plants this year, that will continue those earnings, ethylene and polyest lthylene packages is a a strong factor. We were double digits in asia and china this quarter i continue seeing that growing obviously, changing, too, as we move into more circular products and move into plastics, waste and cyanates, consumer is strong they go into still, automotive sectors as well, automotive, especially in china, has been a bit slow so we see any pull of an demand on the automotive side, i think you will see these things take off. I want to talk about obviously the environment and how the alliance is doing on Plastic Waste. I also know you taught us, look, there is ten rivers in the world producing it some of them are in china. You started in india to try to clean things up. Is there anyway that china, which we should talk about as a major source of pollution will place with the cancellations, the caughtback, what is ending up in the Pacific Ocean . The cutback, what is ending up in the Pacific Ocean . China is taking steps back. We seen commitments with products from waste to Energy Conversions and close that in. And the Major Chinese players have joined into the alliance, Plastic Waste is right there with us. Signed on right away most of the large asian players have signed on the alliance is up to 43 companies now over 1. 5 billion committed to go tackle this. And its a full value Chain Solution trying to look at how do we stop the waste from going out to the ocean, but also how do we stop it from going to landfill in the first place . Put a value on that plastic so that people are encouraged to recycle it bring it back into products that you use every day and into other product thats havent been invented yet and to create a closed loop versus the linear economy which throws it away. Jim, im talking about some of the legacy things i was hoping wed see Real Movement on. Cost savings, talking about 7 or 8 million. Anyway that can get more what about kuwait and sadara in it will be the savior of the upside jim to me the sedra seems a light weight, an aal al bo tras albatross around your nic thats good. On the kuwait side, really, meg monoethylene glycol product versus collapsed thats putting the drag, kuwait as a cost producer is good for the long term. Sedara is really about the financing on the projects. It was really heavily loaded with project financing we made a lot of progress in the Third Quarter together with aramco to do some things to get ready to reprofile that debt and as we do this in the Fourth Quarter, well finish the last agreement that will create the project completion date and we will go into the beginning of the year renegotiating the debt with the lenders what that does is it takes ten years of Straight Line depreciation on that full debt on sedara and will stretch it out over a much longer tenor thats really the drag you see on sedara. Its cost projection is good. Its good on ebitda. The Financial Stress we have to address. In this environment thats the right time to get that done. On this question its a little more eth eral you and david they taylor said the amount of energy you need, the amount of resewerss to make them alternative, they make so it plastic they do better for the environment. Could you please explain that to people a lot of people feel thats just impossible we have to manage both the plastics and the plastics waste issue and the carbon and Climate Change issue and their interlinked. So one of the reasons plastics has grown so much is you can make it so strong and so lightweight you can replace much heavier materials and materials to make it easier to produce, glass, metal, paper for example, take fourtofive times as much energy to produce as plastics. Then you are transporting all of that weight over long distances, so you are burning more transportation fall to get it there. The carbon foot print is much more if you replaced all the Plastic Packaging today, waste would increase 25 times. That isnt the direction we want to go we simply need to close the loop on plastics, get it recycled, get it converted back into other materials, into energy, because it has a high energy value and we have a way to do that i think people are trying to make this to be an insurmountable problem it is not, the Plastic Waste in the ocean issue is 8 million tons a year. Thats a manageable number we will tackle that with the alliance and local municipalities to show them how to make this work. Thats what the alliance is all about. Well, i got to salute you, the work with the alliance is real, its not what we call green washing. I know you too are very concerned we get out in the ocean. Ceo at dow chemical, good to see you, sir thank you, jim, good to see you. When we spoke to jerry is kelly last quarter with southwest. He explained his displeasure with the boeing 737 max. Were unhappy its taken so long were in the dark like you are on a number of technical matters. Our pilots are heavily engaged and working with boeing to understand the changes we were anticipating getting 41 more deliveries of the max this year and so our exposure with our route system grows garry kelly will join us after they tack a hit this quarter. We will get to names we have not get yet gotten too, like microsoft, in a moment yeah, thats half the fun of a new house. Seeing what people left behind in the attic. Well, saving on Homeowners Insurance with geicos help was pretty fun too. Ahhhh, its a tiny dancer. They left a ton of stuff up here. Welp, enjoy your house. Nope. No thank you. Geico could help you save on homeowners and renters insurance. Man how can i deliver superior longterm results . It begins with a distinctive approach to managing money. That for over 85 years has focused on keeping confidence up when markets are down. An approach where Portfolio Managers work well independently. And even better together. Who dont just invest, but are personally invested. Can i find a proven approach designed to deliver results . With capital group, i can. Talk to your advisor or consultant for investment risks and information. Got some upbeat reactions to earnings from the likes of microsoft, paypal and southwest. Were going to talk to gary kelly of southwest in a moment first, though, cramers mad dash and the opening bell in fiveandahalf minutes. I am totally blind. And non24 can make me show up too early. Or too late. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. They give us excellent customer otservice, every time. E. Our 18 year old was in an accident. Usaa took care of her car rental, and getting her car towed. All i had to take care of was making sure that my daughter was ok. If i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. Were the gomez family. Were the rivera family. Were the kirby family, and we are usaa members for life. Get your Auto Insurance quote today. Lets squeeze in a mad dash, getting ripe for the opening bell 2. 5 minutes from now. So many different earnings stories, paypal is one you want to feature paypal came in and a 52week low, down 15 in the second, dan shulman delivered a clinic how to make it so you were doing better than anybody expected theyve increased merchants, it went from a head wind to a tail wind for wenmo in september, china, they got approval to buy 70 of a major play on chinese ecommerce and Dan Schullman endedthe call by talking how to do business with the chinese, play with it, deal with the regulators. Do not be a disruptor. Its china, its ali pay, 10 cent you are talking huge players there. I dont know whatter that plan is their plan is to be industrial up pay also ecommerce. There is 500 Million People in ecommerce. He said if you are not in china, you are nowhere. I thought, you know, david, Dan Schullman, i think a lot of people felt after the last quarter he was going to miss he did not miss. He blue it away. He got a lot of money. He got about 30 times adjusted 220 etfs, its growing over 20 . The street estimate