Gold steady around 1275, as for europe, mildly week action despite an eightmonth high in uk investor confidence. We are right up against the deadline. Senate leaders say theyre hopeful about a deal today. Our Credit Rating on review for a possible downgrade. Twitter selecting the New York Stock Exchange over the nasdaq for its highly anticipated ipo. And apple saying it will cut orders for the smartphone in the fourth quarter. One day to go until the debt ceiling deadline. The ball is back in the senates court this morning. Meantime, fitch has put its triple a rating on negative watch meaning a downgrade could be in the offing. Warren buffett weighed in earlier this morning on squ squawk. The led not to raise the debt ceiling after youve raised the money is really a political weapons of mass destruction. Jim calls it akin to a poisonous gas, asanine to destroy your reputation after a couple of years. I dont think what buffett says means anything to the people who are against this deal. You never hear anyone from the other side. I think were a threeparty system. You never hear anyone from the third party how about we call this many patriots. What matters right now is we got to do this debt ceiling no matter what. I hear the Patriot Party saying were all about the sol vevency our nation and the Patriot Party may not have a choice in the matter if we do get mcconnell and reid to present a compromised package to their caucuses this morning and we get a vote later today in the senate and they send it to the house of representatives. What about ted cruz . Ted cruz is going to step up . Why not have the Patriot Party in the house say we think lews a liar. Im saying lets leave some room for the great antihamilton party to make a statement and hold things up because they think that lew is not honest. So you think its possible we go into tonight with no deal and Start Talking about a 12 billion Social Security payment on the 23rd, right . A refi on the 24th. These guys dont think they think lews a political hack. This Stanford America party think lews a political hack. I respect the treasury secretary. I represent the position of position of treasury. Now alexander hamilton, what is he being reduced to by the Patriot Party . Hes a rest stop. I think you were out a couple days ago when david and i raised the question of what is the argument for triple a at this point. Even if fitch says there is a downgrade, do we deserve triple a even at that poeis moment . I dont think so. The celestial seasoning party, zinger party, one of the things they have been right about is the s p downgraded, Interest Rates plummeted. Maybe it plummets again. Im being devils advocate we come out every day, a couple of senators say things are good, three women senators say things are good, im not hearing anyone from the new peculiar third party say we got to change our mind. He says its poison gas. Does anybody understand by doing this time and again to the point of threatening triple a and our credibility, even if we do manage to get a deal done. Maybe its 10 basis points, maybe 15 basis points over 10 years where our borrowing costs are higher because of this nonsense. 10 basis points on 17 billion . That adds up to a lot more money than theyre trying to save. Do you want medical devices to be made all over this country, overseas . In 2014 maybe were better off with the debt ceiling raised but in 2040 youre bankrupt and when i am 95 i am going to have to pay for what the democrats are doing. My dads 91. When hes 135, this is going to be a terrible time. Im going with the part. We do need entitlement i think its ridiculous we violate the debt ceiling. Were the United States of america. Who gets hurt in china and kuwait . Do you care about them . Japan . Thats what im saying. I listened to mike corbat yesterday on the citi call. They dont have any paper due in october. Did you see the 30day paper yesterday . Lets be me for a second . This is ridiculous. More tbills on the way today. Black decker down 11 premarket. And a lot of other earnings to get through, too. Black decker cited the government. They didnt say it was the Patriot Party. Lets get to some of those earnings this morning, rapid fire in a sense. Bank of america, it beat expectations with its Third Quarter earnings, reversing a year ago loss. Pepsico also posted Third Quarter profits that were above the consensus. That was due to stronger sales in its snack business. Intels Third Quarter earnings beat the street. That was by a nickel. Its Current Quarter estimates below forecast and cnbc and yao who have a Business Alliance to share and produce editorial content. So we got a lot of names, largely positive. Even yahoo is up, even though the numbers did you see yahoo initially down . I want to talk alibaba later in the program, thats so important, particularly to yahoo . They talked about a little bit of stabilization. Its funny because here is twitter basically saying not only are we mobile but we dominate. 70 , 70 of revenue mobile. And myers is saying we hope one day to dominate but we did stop the page view degradation. Revenue not as bad for advertising. I can understand why people would say, look, in the end theyre alibaba and they have this tail of yahoo and. New york times lead this morning the honeymoon is over. Is that true . No. They probably wrote that story when yahoo was down. When it was down 30 seconds, they thought the honeymoon was over. Now takes a few more weeks, maybe goes to the riviera. Food was up in america but they clearly lost some share to coke and noncarb beverages in america, carbonated down. I think frito lay is the driver here. I listened to Warren Buffett talking about the need to keep the company together. The company did beat the numbers. I thought it was a clean beat despite the fact that carbonated soda not that good. Mountain dew very strong. Dont underestimate the power of mountain dew . Do the dew. Yes mountain dew has got some look, im trying to find things to justify why a stock is up, you could argue, or i just think it was a clean quarter. Nelson on the call, why would they want to merge with a company theyre taking share from . Thats a good point. There doesnt seem to be a lot of momentum behind that. And they didnt cite that do dorito sales were weak because of senator boehner. You want to save that one for later. You think pita chips could get hurt by that . I think so. Thats what it trickles down to, sun chips. I like those. The social Media Company is tentatively slated to begin trading november 15 under twtr. Third quarter net losses did triple from a year ago but sales more than doubled in the period, helped by mobile ad revenue, which as we said, 70 of the business. The q3 loss widens as sales double, as they continue to invest in the company. Thats the whole point of going public. In 1996 when i was helping to bring public, when i started the street. Com, youd meet with the bankers and they would say youre not losing enough money. I mean, the idea this is another one, just like we talk about some of the oddities in this market, tesla, netflix. The more money twitter loses, the more commitment we are seeing to the mobile area. We actually have a sound bite with you and duncan talk about this issue a couple of weeks ago. I think we got a shot. Like any other business week have to earn the business. We look forward to having the opportunity to present to the team at twitter. Ill promise them if we do earn their business, well deliver when the time comes. Nasdaq still winning in the overall. I think twitter is one of those companies that just said we cant be facebook, the ipo facebook. Of course they would love to be facebook the company. They cant afford to have another facebook. I think the riskreward was for the New York Stock Exchange. Lets say they did it on nasdaq and nasdaq screwed up again. Shame me once. How do you the question for nasdaq is you have consolidation thats occurred all around them. What are they going to do . They lose a highprofile company that typically would have gone their way. Right. Its interesting from that perspective. You reup the ceo for how long, greifeld for how many years . Theyre very committed to greifeld. It is interesting, their user growth is not that good. Its not growing that much, carl. 200 someodd million month live users, not daily users. They have had to admit in some of the amended s1s how many of those are not human beings. You compare it to the scale of a facebook, its not in the same ballpark. Facebook is doing so many things right. They just keep i mean, this Compression Technology they just bought from israel, that could be terrific in terms of just becoming your phone, your tv, your i mean, i had Dominos Pizza on last night. I know the stock got hit. Whats a big driver . The facebook application. Goes right to dominos. Its been a huge hit and theyre a forward looking company. When we come back, the stock that buffett says he wishes he bought years ago. Well get the answer in his own words. Also ahead. Also, apples new spaceship headquarters finally getting cleared for liftoff. Well talk about it with the mayor of cupertino, california. Futures again up triple digits as we wait for a deal out of the senate ahead of the debt ceiling expiration. Squawk on the street from post 9, back after a break. Thats a good thing, but it doesnt cover everything. Only about 80 of your part b medical expenses. The rest is up to you. So consider an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like all standardized Medicare Supplement insurance plans, they could save you in outofpocket medical costs. Call today to request a free decision guide. With these types of plans, youll be able to visit any doctor or hospital that accepts medicare patients. Plus, there are no networks, and virtually no referrals needed. Join the millions who have already enrolled in the only Medicare Supplement insurance plans endorsed by aarp. And provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. With all the good years ahead, look for the experience and commitment to go the distance with you. Call now to request your free decision guide. Apple managements done a pretty good job of running the company. I wish i bought the stock years ago. I did advise apple to buy and sell a few years ago. Steve jobs youre talking. They have a lot of money, its not trapped overseas. Theyd have to pay a big tax to bring it back. On the flip side, it will cut orders on the 5c phone. Pegatron had reduced production, sort of feeds into this food not finding an audience for this phone, especially in china. The c selling better the s is selling better. S is selling better, c not selling. S has higher margins. The stock is going up because the Deutsche Bank piece, when we try to piece together whos building what, its not necessarily produced the greatest results. All these touchy feely things, this factory doing this, this factory doing that, for all we know apple has shifted production. I like the idea that the s has higher margins and the stock is reacting to that. Its above 500. Im still wondering what carl icahn is going to talk about when he tries to reengage on a dialogue. Hes going to keep saying the same thing. Im not sure if theyre listening. Hes going to talk about burberry ties and burberry incomes. I watched a tenminute video of this new retail person. Shes not retail. Shes the social phone of im not an expert in ties. I got a ricci tie, this cost 2. 95. 2. 95. I still dont regret that i gave back burberry tie you cant get over it . I cant. And they have what they call a turn around there are not a lot of stores. They could put up more stores. I think the buzz is she introduces her new clothing line on an ipad. Instead of these big splashy things, wouldnt it be something that apple started introducing that the big splashes were on their ipads and not on some San Francisco auditorium that quite fra frankly seems quite dated at this point. The mad dash is on deck. Take one more look at futures. Dow was down yesterday 133 and futures indicate up 99. Back in a minute. Looking at covered call strategies to generate income . 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They are taking this they are saying point blank that the upcoming results should take the stock to 275. I was using a 300 number. I reiterate that. This braybury wolf camp is the second largest field in the world, i have core labs on tonight. Theyre the company that identifies a lot of these big reservoirs. Stay close to this. This stock is not nearly done. And you need an enormous amount of capital to get that oil out of the ground. You need investment, stor extraordinary investment. The permian was remarkable. Permian in the 50s, 60s, 70s. Go back and watch the movie giant, which has my favorite and im often confused with james dean. Point blank thats when oil was king. Oil is king again in that area. Lets move on to a deal this morning, a 2 million deal, it is rocketing. The deal was extraordinarily accreted. I talked to a couple of shareholders this morning. Perhaps that might have been the gold to get oreilly to buy it but this is the silver. Carquest in is akin to when the rental Car Companies got together, akin to when the airlines got together. I have not heard any antitrust concerns but i cant say i did a full round of reporting this morning. Theyre talking about it being 20 accretive. Numbers go from 6 a share to 725, hence the stock price approaching 100. Why are companies not buying other companies . Th it would take years to add 15 points. They shell out some stuff and boom. Are they not aware of whats going on in the government . I feel a little defensive because these people want to default. Would defaulting help Advance Auto Parts . Defaulting is not going to help anybody. Well have a conversation about the budget its like war, whats it good for . Nothing. Debt ceilings, earnings, ipos, oh, my god, its incredible. Stay with us. vo you are a business pro. Maestro of project management. Baron of the buildout. You need a permit. To be this awesome. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. aaron purrrfect. vo meeeow, business pro. Meeeow. Go national. Go like a pro. [ bell ringing, applause ] five tech stocks with more than a 10 . Change in aftermarket trading. All the tech stocks with a market cap. Of at least 50 billion. Are up on the day. 12 lowvolume stocks. Breaking into 52week highs. Six upcoming earnings plays. That recently gapped up. [ male announcer ] now the world is your Trading Floor. Get realtime market scanning wherever you are with the mobile trader app. From td ameritrade. Youre watching cnbc squawk on the street, live from the Financial Capital of the world. The opening bell in about 30 seconds. Weve gotten so many big earnings, today, bank of market, pepsi, intel, American Express tonight, ibm, ebay. Its not going to stop for a while here, jim. No, we are in the thick of it. Its happening fast. Please listen to the calls before you make a judgment. Meanwhile the legislative maneuvers continue out of washington. We did miss yesterday our first chance since march to have a fiveday win streak for the dow. Missed it by that much. There is the opening bell, a look at the s p 500 at the top of your screen. The big board Veeva Systems, celebrating its ipo. And over at the nasdaq, Deepak Chopra celebrating the launch of a new series, one world on newswire fm. Im struggling, why did we break the streak . Ive been trying to find canaries in the coal mine. We will know things are really bad if regulators say funds will not have to mark will not have to break the buck. Thats a sign that things are really out of control. Larry fink and black rock doing all different things. You need to prepare. Theres worries about collateral chains. Think about the treasury, the collateral chains. So many things could blow apart. The break the buck is an obvious one. They have to break the buck if they own shortterm paper, which is what theyre supposed to own and the regulators give an excuse and say were defaulting, move on. Other points would be a vix indicator, gold indicator, swap deposits over the next few days. And well see how this tivo watch goes. The yield on the notes due october 24th. 72 up from. 51 yesterday. Youre kidding me its crazy. Bank of america, very little exposure. Everyone wants to know whos in a position to really get hurt by this. I feel very confident about bank of america. Looks like theyve taken evasive action. Thats not the way they short they dont shortterm fund. No. Bank of america. We havent spoken much about the earnings. The stock is up about 1. 5 this morning. Generally good. It was a beat on the way these things are measured but also all the d