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CNBC Squawk On The Street October 20, 2014

Crude oil will watch, as well, down 6 of the past 7 weeks. As we mentioned, our road map begins withal ibm. A deal to offload the chip business. Markets feeling the impact of that ibm news. The dow has been dragged lower but the s p holding on. Is this a setup for another volatile week . And as it fprepares to launch after the bell, apple launches a catch. Premarket, the dow component reporting 3. 68 a share. Well below forecast of 4. 31. Sales fell across several divisions. Ibms chairman and ceo Ginni Rometty say theyre disappointed in the performance and will pay 1. 5 billion to take over ibms chip unit. David will have that interview with rometty an hour from now. What are the key questions we need to ask . You know, i think, carl, when we talk about these companies these days the theme keeps coming up, whether it was ebay, hewlettpacka hewlettpackard, and now ibm. The speed is the overriding theme, having continued to speed up. ....

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CNBC Squawk Box October 20, 2014

After the bell as originally expected. Andrew has more on that. Okay. Thank you, becky. Ibm sending out an advisory that plans to release the results of their Third Quarter at 7 00 a. M. Eastern time. Well have details on what the announcement could be because the wall street journal says they will play global foundings to take its money losing chip business off of its hands. So the deal of sorts where nobody is buying something from them but they are paying to get rid of it. Ibm is talking to potential buyers, but buyers is the wrong term. Neither company is reporting on this, but well hear more about that in just an hour. No one is going to pay them for it . Exactly. That is not a good way to get rid of assets, right . Usually you want them to buy it from you. But this one is pretty interesting. And mark andreesse in is stepping down from ebays board of directors. He was central to the battle with karl ikan. He says its the right ....

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