After the bell is happening right now, everybody. Cheryl lets look at todays market action. Ill tell you we have a lot going on. Lets bring in yudee change. Mark newton on the floor of the new york stock exchange. Alan nubbing man down on the nyse. Were watching volatility david was speaking about. You have at least on the equity side we didnt react there was no positive reaction on the equity side to this news report, that they are reporting that the husband republicans will take a deal to the floor tonight . Well it may be the sell the fact type action. We moved up 4 over last couple days. You have to remember, s p yesterday was only 1 of alltime highs. Nasdaq made new decade highs. You might see people taking chips off the table just in case there are last minute hiccups. People seem more confident. Were down only hal on the day the vix has a little bit of action in it but it is still significantly lower than it was last week. Last week we had a reversal where it made new highs and closed lower on the week that was a sign things are coming together. David yudee chang, are you a buyer or seller in this market and why . At this very second, im not doing anything but im a buyer this is all drama. Myself saying this shall pass. They will come to a resolution whether temporary or not. The market will move higher based on current Economic Conditions and based on favorable fed support of the market. Cheryl mark, i want to bring you in. Were actually, here we go again, as numbers settle, it always take as few moments, were down 133 points. Were closing at session lows. Why are we not seeing the reverse of this, mark, asking there was movement in washington the last 30 minutes . What is going on . You know the markets have been up four out of the last five days. It is natural to give a little back. Bottom line you see intraday swings on hopes deal will get done and on failure to get done we see a bit of a selloff. The market is acting pretty resiliently. Last 30 years when we had government shut downs lasted 10 days or greater, average pullback is 4 or 5 . If annthing were seeing reverse of that. The dow is up 4 or 500 points last few days. David mark, we do have intels numbers. Jo, what is it . Hey, david, thats right, intel numbers are in. Its a beat on eps and revenue coming in at 13. 5 billion, beating the 13. 6 billion that was estimated. Eps coming in at 58 cents a share which is a beat of 53 cents a share. Right now trading half a percent up in late trading. Looking a little more at the numbers, Third Quarter outlook is 13. 7 billion which would be increase on the Third Quarter result we have right now. Were also looking at net income, david, of 3 billion. David i want to go back to yudee chang, because yudee, youve done something interesting. You looked at earnings in the past and you found an interesting correlation between earnings and what happens with the stock price later on. It might be better if they missed expectations right . No doubt about it, dave, especially on intel. They have have an inverse relationship, believe it or not out of past 32 earnings beats of intel. That is eight years of it. The stock falling the next 30 days, tend to be down. 7 of a percent. But over the past 23 earnings misses over next 30 days, intel on average was up about david fine point on that. Innel the stock actually does better when it misses expectations, correct . Over the next 30day basis, yes. Cheryl at least for now the bid and ask, it is trending up a little bit in the aftermarket. Well have the chief Financial Officer coming up later on in the show. Alan, well go back to you on something else. Were waiting for yahoo earnings and we may have to interrupt. For the s p 500, more than 60 were looking outlooks for the Third Quarter numbers revised lower. Of course they are going to beat. Well, that is what weve been doing every quarter after quarter. We talk so much about all these criseses and all these selfinflicted crises in washington and politics, but look at the tape. You have to understand the resiliency of the market. We do this every quarter with lowered expectations we overachieve and make new highs. Im not smart enough to be the guy that picks that is not going to happen. I look markets continue. I like yahoo to hold the 30 level, that is the target between 10 and 20 for four years. Look at intel, you can lien on 22. 5, that is Halfway Point of this year. Look for buying against serious support levels for trend that continue to the upside. Cheryl yudee, i want to go back intel numbers. Investors are settling looking at numbers and intel at this point is popping up. Were seeing a little bit of a boost on it. It is at 23. 90. That is the ask. The bid, 23. 85. Were seeing a bit of a positive reaction of the looks like were getting more numbers come out as well . Yeah, on overall basis, intel is still behind the curve. The good news for intel the socalled contraction is slowing down. That is the Positive Side of it but theyre just behind of curve. Pc sales are just not that good. David i have to interrupt because we do have the yahoo numbers. Jo ling, go ahead. David, thats right, we have yahoo numbers. A beat on eps, 34 Cents Per Share for estimate the 33 Cents Per Share. The revenue came in at 1. 14 billion. 1. 08 billion is the extac number, which is beat on 1. 0billion. Shares are up 4 right now in late trading, david. David once again good numbers coming out on yahoo by the way a little later on well have specifics what is happening from yahoo from a top analyst who will look at alibaba and all nair numbers. Mark newton, take it back to washington, the question of a default, we heard the word default used so casually next couple days. U. S. Default only happens if the United States treasury stops paying bondholders. That is a default. No other definition of a default. Is there any expectation that that would happen . I dont really think its going to happen, honestly, david. I think the two siies both want to see things resolved. There is lot of theater that typically happens before these things. There are a lot of things fed can do, treasury to prevent default from haing. I dont think were quite there yet. If anybody they can prioritize different payments and makes sure everything gets resolves. Might be another couple days of drama. Everybody is questioning the 17th that is the true day or gets extended to end of the month that is the real key. You see continued strength . Technology, recent earnings, industrials, energy. These sectors simply havent broken whereas the defensive sectors are weak. That hurt some of the utilities and builders and this and that. Those continue to be sectors that avoid. Cheryl mark, thanks for bringing up technology. I want to two back to yudee on something as were parsing through yahoo numbers. Paid clicks up 3 . Yahoo is making inroads. Alibaba, which is crucial, yudee. Theyre seeing advancement when it comes to mobile and paid clicks. This seems to be a positive for yahoo but you tell me . Absolutely. That was the critical two things. One it is all about mobile ads, right . That is what people were looking at that will probably advance the stock. What is alibaba, they have a what, 28 stake in it. If they come out with ipo 6 billions that would will add a lot of valuation to the yahoo stock. Youre absolutely right. It is all about mobile ads and alibaba. Cheryl the stock is up 5 . Congratulations to yudee as he called that one. David alan what is happening with the cme as were es closing out there. It seems kind of quiet. Best thing to do is close risk. You dont know what will happen. Put in a stoploss and order execute your trading plans. Number one thing i recommend to people make ure youre in strategy you can execute your trading plan just in case a worstcase scenario happens and you can exit. David very good advice. Alan, thank you very much. Yudee chang, always a pleasure. Mark newton, thanks so much for stepping up. More on yahoo after ceo marisa mayer reveals the internet giant Third Quarter earnings. Well dig into all the numbers for you. Find out what they have planned besides alibaba. We know they have a big chunk of this company doing well that will go pub, give them more cash but what are they doing at home . Well find out. Cheryl yahoo and intel results coming out as well a few moments ago. They did beat. Well talk to the chipmakers cfo, stacey smith about the report. David really . Stacey will be here . Cheryl he will also talk about the outlook. This is crucial the outlook for the next quarter. They are trying to make some inroads and get out of regular pc market and get into mobile. David our facebook question about the dead look inside the deadlock inside the beltway. If you had the ear f one ever those people in white house or congress right now what would you say . This is your chance to sound off to the people inside the beltway, no matter what side talking to, what would you tell them . We want to know. Well share that with you coming up at the end. Show. [ bell ringing, applause ] five tecstocks with more than a 10 . Change in aftermarket trading. All the tech stocks with a market ca. Of at least 50 blion. Arup 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 tdmeritrade. Wow. Look at y. Ive always trd to give it my best shot. Thesdayim living with a higher risk of stroke due to ib, a type of irregular heartbeat, not caused by a heart valve problem. 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[ male announcer ] ask your docr today if eliquis is right for you. Beat by a penny of 34 cents which is estimate of 33 cents. When you look at revenue here, you will see 1. 14 billion for the actual versus estimate of 1. 408 billion. When you look at numbers, extac, it right in line. Its a meet, not a beat, not a miss. Right in line for revenue. Overall well continue to follow yahoo obviously alibabas ipo is expected to bring in a huge amount of cash for yahoo well continue to follow what the valuation is for alibaba in particular. But as we noted were watching earnings alert here for yahoo , after the bell as we have so many names. Walmart is making news. Intel and yahoo now as well. Back to you. David yahoo owns 24 of alibaba. Just to put it into context, just in one quarter, yahoo took in 1. 38 billion from that stake. This is huge money from alibaba. Thank you, nicole. Yahoo reporting Third Quarter earnings just moments ago. To break down the report, aaron kessler, Raymond James senior internet analyst. We mentioned alibaba how significant it was in dollar terms. Ex, alibaba, take alibaba doing, how is the rest of the news today . Revenues 1. 08 billion, revenues extack basis. You look at segments. Net display revenues was down 7 that is improvement from 11 in q. 2. That beat our number. Search is versus up 3 yearoveryear. One is negative, ebitda is lower end of the guidance range. 331 million ebitda. That is below the range of 330 to 350. Eps came in line as well. Relatively in line quarter. Stocks move on reports of alibaba that yahoo will reduce amount of shares it will sell when there is alibaba offering. Cheryl kkeping revenue coming in the door. That will help the company. Aaron, mobile, i ask you about the fact that they did see mobile clicks and ad clickthroughs, both the size of that rose. That also means revenue for the company. How small, how large, you tell me . Yeah. I think were still early on the mobile side but i think yahoo is clearly making investments there to make mobile and social bigger initiatives for yahoo that is definitely something to watch. Well look for more on the call as well as any additional engagement metrics on the call as well. David let me talk about the big fear, which is facebook and all other social networks develop all of the devices that yahoo has. Therefore people dont have to move to yahoo they could spend all the day on facebook, whatever it is. Is that a legitimate fear, that people at yahoo might have . So i think we have seen yahoo lose share couple years like social players like facebook as well as mobile given yahoo lagged on the mobile side. That said wereesaying it is not a zerosum game in social or mobile. They use facebook, twitter, tumblr. There are a lot of social apps. We think social is gaining share of the market. Why this point yahoo lost some share on its display revenues. Cheryl aaron, do you think there will be questions about acquisitions . We talked in the last hour of fox business about the tumblr and some of the smaller acquisitions. Is that going to be a focus still for analysts do you think or are we kind of done with that section . I think there i will will be focus if there is any large acquisitions to do. The hires yahoo is doing, wont make a big difference, additional recruiting hires. For additional large acquisitions we look for any updates on that. How is the new leader doing . So far on the, i mean theyre continuing to make the right invests i think. It is probably a little early to judge in terms of performance for the core business since were still kind of seeing declines in the display. David she is buyiig a lot of stuff though, isnt she, aaron . Some of it as we said. A lot of act waa hires. Not a lot of integrating people into the yahoo platform. David hold on a second, aaron. Akwa hires, what is that again. When you acquire a company, typically small company. You want employee base. David i see. Cheryl what about, they do have mail which is feebased, can be a feebased. Mail plus they charge for that and yahoo sports. Those are two things within the regular website even on mobile that could be good revenue drivers. What about those pieces of the business, do you think that will be a piece of the call and did you see numbers in the earnings released you were interested in . I would say on the mail, for instance, theyre taking down some of the payrolls there giving features they were charging for now for free. I think they want to compete with, make it more like google i think and i will prove some of the products but not necessarily charge them and monetize at some point through advertising. First part is engagement on yahoo second part comes the monetizaton. I dont think weve seen the monetizaton engine turn on yet. Cheryl theyre doing great when it comes to search traffic. They have other devices at least for now. Aaron kessler, Raymond James senior analyst. David it has come down afterhours significantly, yahoo people are piecing over looking at all the details not quite as excited about yahoo as at the beginning. She is marisa mayer. She is a young gun. Doing video chat with the earnings call. So it is facetoface. Intel is the other big story here, in the crosshairs of investors after its earnings beat. Well ask intel cfo stacey smith what he is seeing in the chipmakers next quarter. David with republicans and democrats struggling to bridge their differences on capitol hill we hhve our own debate coming up. Democratic congresswoman, Sheila Jacksonlee, republican congressman, morgan griffin. They have everything to gain in talking to you. You dont want to miss them coming right up. Shes always been able to brighten your day. Its just her way but ur erectile dysfunction that cou be a question of blood flow. 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Well, i think you can see in the Third Quarter the results of the actions that were taking to broaden our product portfolio. We had a pretty good quarter in q3 from top line as expected. We had a little good news to the margin. Underneath that you see we launched 4220 nan mow meter products ex nano products. We have multiple price points and multiple operating systems and that is the process were driving. What are the positive poonts, stacey . Your data center group, this part sells chips to Cloud Computing companies, the sales gained 12 . So a strong gain there. Is that where