Inadequate on almost every level. Senator mark warner blasts twitter for presentation as big tech faces mounting political pressure. More details as the battle lines on the details of the plan are drawn. The president will speak about taxes live later on this morning. Markets continueto make history. The s p posted record close on thursday heading into the final session. The dow and s p on track for eighth consecutive positive quarter. Nasdaq going for five straight. It is edging out with a gain in q 3. Jim, we made it through almost september. Whats extraordinary, i have been going through the charts because i love the charts. Things were bouncing around fairly positively. Then we got to the month of september. We have had moves on a lot of stocks. They came in in august. Its a truck parts company. There were so many doubles of industrial companies, smaller cap companies, Tech Companies, drug companies. When you see these moves you keep thinking this has got to be the greatest bull ma
Going forward. You know, chris, the president S Homeland Security Department did say earlier there was no specific credible threat involving other public venues in the united states. How do they make that determination for certain . What they had in front of them, i think they are referring to based on this incident. I think theres always a generalized threat out there in large public events. Those soft targets weve been talking about. And people need to be aware. I saw a lot of people at that concert standing around watching what was going on instead of seeking cover, and i think that probably created a situation where more people were hurt than needed to be i mean, these fully automatic weapons can kill a lot of people very quickly, but we just have a very low level of awareness. Chris, we thank you for your insight. John and kayla, thank you. Well touch base with you little later on this morning. If youre just joining us this morning, good morning, welcome to squawk alley. Im Carl Q
Across the board europe is mostly lower, the ftse 100 getting a boost, modest. Big boost in rates thats a story as well, the ten year note yield, look there, 2s and 10s on the move this morning, ten year at 238 look at crude oil as well. Just below 50 a barrel, 49. 65. Road map starts with the hurricane effect the Labor Department reporting that 53,000 jobs were lost last month, first contraction in seven years. Does that mean a pause for wall streets record run . Stock futures are pointing to a lower open slightly this morning, the s p 500 coming off its longest record streak since 97. Watching netflix sharpen its fangs, the streaming giant up 5 yesterday alone. And seeing some key upgrades today. The september employment report also shows privatesector payrolls down 40,000 the Unemployment Rate did fall to 4. 2 , the lowest since february of 2001 average Hourly Earnings now up 2. 9 from one year ago jim, we mentioned all of the classes of stuff that is moving, rates are up, the dolla
Good morning, happy columbus day, and welcome to squawk alley. Im sara eisen here with dave faber. John fortt with us from San Francisco, as he mentioned, at the black enterprise tech conference carl has the day off also joining us, kara swisher. A lot to get to today, beginning with google revealing youtube, g mail, and other platforms were compromised by russian operatives in an effort to interfere with the 2016 president ial election. Doesnt seem the ads were bought by the same troll farm that bought ads on Facebook Facebook is confirming russianbought ads appeared on instagram. So far, certainly, the pressure on these companies to fight fake news and bad advertising is mounting, kara, what will be the impact and whats the reaction out there in Silicon Valley . Well, i think, you know, its interesting. As i said, they are doing the slow roll, they are finding them slowly, looking for them i appreciate how difficult it is to find these things among the billions of transactions that h
Right now on the russia controversy. Well go there live in a few moments. Major banks out with earnings. Jpmorgan with a quarterly beat stronger loan demand offset a decline in trading revenues. Citis results also above consensus, helped in part by lower costs and better than expected trading revenue they both mentioned brexit a year ago, jim. Really helped trading and yearonyear comp is tough joe asked me earlier which is better and i went with citi no slight to jpmorgan, their quarter was excellent, too theres fantastic growth how about this statistic you know that jamie dimon bought back 4. 5 billion worth of stock, even though the stock is up at 97, scitigroup had every line item better than expected citi gave what was considered an analyst day. And i sat down with mike korbat, the ceo on analyst day, skpeman everyone told me, pie in the sky, he exceeded everything that he said. It is a best in show situation theyre buying back 60 billion worth of stock walmart buys back 20 million