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What it is, and why it is wreaking so much havoc for social media companies. And it is halloween eve. Night. Iller, but triller we will have the executive chair of the social media platform sued by tiktok. Those stories in a moment. Also this hour, we will be speaking with the ceo of overstock. Com on supply Chain Technology ahead of the busy retail season going into the holidays. Later, i will have an interview with the ceo of blue apron, which reported results yesterday. Dropping, u. S. Stocks capping their biggest weekly route since march after tech earnings disappointed investors concerned the slowing economy will dampen assets. Lets get to Abigail Doolittle in new york. It was a crazy week just ahead of the election. Walk us through your roundup. Abigail yes, it was a crazy week, a wild week. Two down weeks. That is another piece of the story that the bears have bee ....
Good morning welcome to squawk box. Im becky quick with Andrew Ross Sorkin and joe kernen. Welcome back both of you some big moves we are looking at today. Lets look where things stand with the markets dow futures are off by 34. The big news is happening with technology stocks. Down 343 points. Thats big you are talking 3 of the market or 3 decline for the index. Thats a big deal when you look at what happened last week on thursday, nasdaq was off 5 on friday, another one and a quarter percent. You are taurking 6 and a quarter decline. Because of what is happening with the biggest stocks in that. Tesla indicated down 11 in the premarket Asml Holdings down nvidia down advanced microoff off 4 . Those that have boosted that weve seen selling off today you are still looking with these declines at a market at higher levels weve run up quickly and we are seeing it now joe. Watch ....
From Home Software stocks. And tech continues to lead, apple, netflix up 4 it is walmart the top performer in the s p 500 were going to dig into that one. Record close watch 59 minutes left to trade. That meat and potato and delicious gravy joke from tyler. A bit of an inside conversation between the two of us today. Of so apologies for that lets have a look at what is coming up along with the meat, potatoes and gravy the ceo of labcorp joins us. Florida is severing ties with quest diagnosics and walmart upping the stakes with amazon announcing the launch of the prime competitor well discuss with the former head of walmart u. S. And a food giant bets into the biotech game well speak with the ceo of nest nestle bet with a peanut allergy treatment. Mike santoli is tracking the action on this first day of september. Josh lipton is focusing in on apple and what could be the next catalyst for that stock. And phil lebeau has details on t ....
Are the Health Care Workers themselves, the medical workers themselves, the doctors, the nurses, the support staff who weve relied on from the very first moments that we began to realize that this virus was bigger than any health issue weve dealt with in a long time. Were still depending on it today. At some point you run out of some of the capacity and steam that you had to do the job that needs to be done. But we see these heroes continue to step up. Some giving their lives. In bill in birmingham and kansas city was an emergency medical technician. He was with the Kansas City Fire Department and he died of coronavirus in april. His son described billy as selfless. He said billy had decided he wanted to find new ways to help people and so he reinvented himself as an e. M. T. When he was in his 40s so he could help others and then he was an e. M. T. For abou ....
We compete hard. We compete fairly. We try to be the best. Our goal is the best, not the most. We dont have a dominant share in any market or product category where we do business. Competition leads to better products and more choices for everyone. Emily but lawmakers coming out swinging. The ceo struggling to get their answers in. Jeff bezos of amazon having trouble getting some words in edgewise. Didnt have monopoly power over the sellers, do you think they would choose to stay in a relationship characterized by bullying, fear, and panic . With all respect, congresswoman, i do not accept the premise of your question. Does amazon pursue similar predatory campaigns in other parts of its business . I cannot comment on that because i dont remember it. Heres how the company described working with amazon. Amazon strings you along for a while because it feels so good to get that paycheck every week and in the past, we called it, heroin. This is one of your partners. Why would they compare y ....