House Speaker John Boehner discusses the new dynamic of washington politics. First, getting you to the top stories we are following at this hour. Food prices increases moderated and much of the United States in the third quarter. Investor purchases declined. The National Association of realtors said the median price of existing singlefamily home rose from a year earlier in 73 of the metropolitan areas measured. Prices declined and 47 regions. To fend off ang hostile takeover by valley and pharmaceuticals. Talks onare in active a potential alternative deal. They said enough tiling today they are in talks with a third hardy that may lead to merger negotiations. Trying to fend off what has been valued as a 54 billion dollar hostile bid by valiant. Opecs demand says crude may fall to a 14 year low according to the world oil outlook. We are concerned but not panicking. Came stable 4. 5 years. Of the produce have been producers have been enjoying a very fair price. Now we will have this decl
Todays 2 1 2 decline chip stocks among the worst performers, we just talked about them on the exchange as amd comes out with a revenue performe performer. Thats dragging the sector down. Markets have been desperate for a jobs report that will make the feds job easier nonfarm payrolls increasing to 263,000 for the month of september. Thats just shy of the 275,000 that wall street was expecting but the Unemployment Rate fell to 3. 5 . 2 Percentage Points lower than expectations and the Labor Force Participation rate also following and then average Hourly Earnings growing by 5 compared to last year. When you look at all of that together, fewer workers are making more money. Ultimately that leads to higher inflation. Lets bring in keith fitzgerald. A principal at fitzgerald group. Good to see you today. You get the jobs report, you see the market reaction. How do you put this together in any kind of Cohesive Strategy moving through october and toward the end of the year well, im chuckling
We just. Have a couple of seconds. What do you have tomorrow . Great conversations today . Lloyd flank fine and sean parker and im going to be on Facebook Office hours, so squawk box on the street begins right now and we will see you tomorrow. You are the apple of my eye one thing investors not saying this morning after the disappointing quarter. Welcome to squawk on the street, im Carl Quintanilla with melissa lee, dajim cramer. Our road map begins with a question, will apple gap down 10 this morning. No doubt you heard of last nights revenue miss, iphone miss. We will cover the quarter from top to bottom. Doesnt include apple, which is one reason it is outpacing the s p 500, sits 3 from a record high. What is the outlook for the Broader Market on this . The best january looks like about 17 years. Netflix is almost the inverse of apple, a surprise profit, betterthanexpected outlook, a stream of upgrades and one very happy carl icahn. And rolls on tonight with microsoft and starbucks,
With corporate heavyweights investing millions of dollars in artificial intelligence (AI), semiconductor stocks have been in focus as the key beneficiaries of this trend.