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Higher for a change. Im melissa lee coming to you from studio b on the desk, tim seymour, dan nathan and guy adami. We start with meta shares now up 2. 5 just about after posting a top and bottom line beat. The company seeing return to ad Revenue Growth avenue dismal 2022 and Julia Boorstin has all the detail. Meta beat expectations on the top and bottom lines reporting its fastest growth in two year, 23 Revenue Growth in the third quarter. Thats ahead of the 21 that analysts expected. Now, for the Fourth Quarter meta provided a revenue Guidance Range with a midpoint just a hair below analysts consensus and metas year of efficiency, the Company Brought do ....
Plus, the season of strikes set to grow even larger. Today, with more than 75,000 Kaiser Permanente workers possibly walking off the job. And then later, we have a rare downgrade for apple, like key bank says, it is taking a fresh look at the stock. It is wednesday, october 4th, 2023. Youre watching Worldwide Exchange right here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets get you ready to start your day. We kick off the hour with the checks on u. S. Stock futures. In the red across the board. The dow looks like it would open up 30 points lower right now. This after the dow posted its worst day since march, falling nearly 1. 3 . Similar story for the nasdaq and the s p 500. Both of them closing down. 1. 8 and 1. 3 respectively on the day. We also want to look at the russel 2000, ....
Is. Our objective is to get it on the president s desk by december to get him to sign it this year. Well work on this as fast as we can but theres no artificial deadline. As i said all along, this is a pass fail exercise and weve got to get it done to create Economic Growth and create a competitive business system. Maria the optimism hitting 23,000 yesterday for the first time. Indicating another rally at the start of trading this morning. The market will not quit. Update quarter of a percent of the market. Take a look at the indices look like this bird once again come to europe a cue from the u. S. Caci pass a percent. Dax in germany up two thirds of a percent. Asia overnight markets mostly higher as well. China the country kicking off its 19th National Congress of the communist party. A major impact on everything from u. S. Policy to chinas approach to north korea as it ....
S p falling. 2 . The nasdaq eked out a gain. Thank you, apple. Frankly, its a little bit of both. Fridays fabulous session for the bulls represented everything that could go right. All the good things that might be able to come true, something that if it happened would send us much higher still. House of pleasure. But todays session, it was all about realism. Recognition that all is not well. And we better be really careful or we can give up a lot of these terrific gains. The house of pain. The contrast explains a ton of whats happening now. Lets tick down what really drove fridays rally and what could take us down from friday. First, oh, boy. We came in on friday with a full head of china steam. The managing reports out of china represent nothing short than a wholesale shift in business activity. Its clear something mayor is happening in the peoples republic. The government after being worried about inflation has clearly gottien growth religion which is why you seeing expansionary num ....
Us much higher still. House of pleasure. But todays session, it was all about realism. Recognition that all is not well. And we better be really careful or we can give up a lot of these terrific gains. The house of pain. The contrast explains a ton of whats happening now. Lets tick down what really drove fridays rally and what could take us down from friday. First, oh, boy. We came in on friday with a full head of china steam. The purchasing managers reports out of china represent nothing short than a wholesale shift in business activity. Its clear something major is happening in the peoples republic. The government after being worried about inflation has clearly gotten growth religion which is why you seeing these expansionary numbers. The Charitable Trust is buying the fxi. Proxy for the chinese stock market is the way to play this turn. I think you should be buying it, too. Buy, buy, buy. With china growing, a host of stocks ....