Doctor p dollar per barrel level. Brent up to 52. Is it still linked to the dow the way it had been in. Seems every other day. Every other day. Not like every day. Among todays top stories, china reported gdp of 6. 7 matching forecasts, retail sales rose. Urban investment rising 8. 2 . Industrial output only growing 6. 1 . Markets in asia overnight, lets see. Up on the nikkei, down slightly on the hang seng. And just call it unchanged on the shanghai. Back in the u. S. , another busy day for earnings and economic data. September Housing Starts are out at 8 30 a. M. They are expected to have rebounded after falling 6 in august. At 2 00 p. M. , the monthly beige book report tracking conditions in the feds 1 districts. A trio of fed speak today. San francisco fed john williams, dallas fed president rob kaplan and new york fed president bill dudley. Look for results from Morgan Stanley before the bell. American express and ebay after the close. Apple is launching a new imac at an event on
We have a market flash on at t. Take a look at shares of at t and time warner. Bloomberg reporting that Senior Executives at at t and time warner have been meeting to discuss various business combinations including a possible merger. It says the talks are in early stages but reportedly the talks of a combination and reported take over has been discussed. Shares of at t are lower but we are looking at timec warner higher on this report. Back to you guys. Here we go again. Thank you. The days leading up to final president ial debate have been packed with blows to both camps. The candidates took major hits. Eamon javers has more. Thats right. It was the third and final president ial debate. While millions tuned in to watch what hillary and donald would say next. It is what they said in the past that once again became center stage. The battle on the stage has officially concluded there is a different battle still plaguing the clinton camp behind closed doors. Newly released emails showing
You can see kind of a mixed bag. Didnt give me italy or spain, normally i get italy or spain when im on the desk here. Theres germany, france and the ftse of course which is the only one in the green. Tenyear note yield, there it is. 1. 738 is where we stand. Crude of course had the nice move and helped some of those oil related Energy Related companies of late. Lets call it down a little bit as you see but still above 50. Our road map this morning starts with microsoft shares. They are set to hit an alltime high after strong earnings on a quarter that was boosted by what they are doing in the cloud. Were going to dig into a report with jim. Shares of tobacco maker reynolds soaring on news that British American tobacco offering to buy what it doesnt already own in the company for about 47 billion. Ive got a lot of details on this one. Youll want to stay tuned. Well share them with you. And shares of mcdonalds moving higher. Well break down the quarter and talk about what it means for s
First, we start with techs moment of truth. 35 of the nasdaq 100 reports earnings this week, and hitting a new all time high today. Names like google, amazon hitting alltime highs as well. Tech up 12 as we head into the thick of the big reports. Is it too late to buy tech . I begin with my buddy, guy adami. Hey, pal. First of all, scott, great to have you back. Love it when youre here. Thanks for filling in. Next, is it too late . A name like microsoft, not too late. Dan is in my grill now. At 19 times forward earnings, given the quarter they have put up, and the growth they continue to see. The fact were above 99 highs, 1999 highs, at 19 times forward earnings, i think a justified multiple for them is closer to 22. You slap a 22 on that and get into 71 bucks, the price target now that everybody seemed to ra ratchet up. Im not going to get in your grill. Where were you . You had plenty of time to buy it. One point about the nasdaq 100. Apple, microsoft, facebook, google, and amazon. Th
Producers about a planned output cut. Wti has fallen under 50 a barrel. Right now 49. 43. As for stocks to watch, chep ch chipotles Third Quarter profit falling. The samestore sales fell nearly 22 , worse than expected. They have forecast sales to rise in the high Single Digits in 2017. Panera breads Third Quarter results beating forecast. They were helped by price increases on its menu and it is raising the fullyear outlook. That stock seeing a nice pop. Pandoras Third Quarter earnings falling short of estimates. They are also cutting the fullyear guidance as the number of active listeners fall and costs rise. Akamai rising 6 beating forecasts. The company, which helps speed up the delivery of content over the internet was helped by Strong Demand for its Cloud Security products. Pandora, whats the problem . Apple . I dont know if its apple, i think its more of a spotify thing. Spotify is doing well . Its just a fraction just split up now. Its a tiny thing. What are people using . Do y