Wall Street gets a boost with tech firmly in focus
To view this email as a web page, go to the link below, or copy and paste it into your browser's address window. https://view.response.cnbc.com/?qs=246195045c037a11afb7dfe5b3da537dd815ca2bfa20c47801d7b84a78f6223d2580008a283af122ffd5bf04a46a5931a34f17be6922fbd7c0f0b47c4a511084CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=246195045c037a11afb7dfe5b3da537dd815ca2bfa20c47801d7b84a78f6223d2580008a283af122ffd5bf04a46a5931a34f17be6922fbd7c0f0b47c4a511084 here. https://click.response.cnbc.com/?qs=0548cbf99cb42df91429f867bf72f5031000fb3f8215726672ae064227be0d998ffaea1f6c5e6913 https://click.response.cnbc.com/?qs=0548cbf99cb42df916fd47377d81ee0ee400912b40e3c89bd43ea7c0e9596e3109af123342c45205 IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=0548cbf99cb42df9e9430d4f7c20976eb32e4e1e0e431a2bd444929dea20b8e7ac13b119611fc09b were higher , with a big tech merger this morning and major tech earnings before and after the bell. With three trading sessions left in October, the Dow, S&P 500, and Nasdaq were all tracking lower for the month. (CNBC)Qualcomm (QCOM) has agreed to buy NXP Semiconductors (NXPI) in a deal worth $110 per share, https://click.response.cnbc.com/?qs=0548cbf99cb42df9b264df6f3e9dade25279989574fbcaeebd1af31125f48836956a352ebe212355 or about $38 billion , seeking to expand the reach of its chips from smartphones to cars. (CNBC)Twitter (TWTR) https://click.response.cnbc.com/?qs=0548cbf99cb42df96ced7834fe8e7f0df2aed6939c70fc793e1387118f67c24034668e74c95a9566 this morning announced about 350 layoffs, or 9 percent of its workforce. The social media company did beat on quarterly earnings and revenue. Google parent Alphabet (GOOGL) and Amazon (AMZN) https://click.response.cnbc.com/?qs=0548cbf99cb42df9ad60a5ca0db19541b0d213449021f3247f531e2316040085cb8aefe003d87712 are set to issue quarterly results this afternoon. (CNBC)Tesla (TSLA) late Wednesday reported adjusted https://click.response.cnbc.com/?qs=0548cbf99cb42df983d3dd555e5d46904eaf08d65a2db2af002dabd4307be9a0046dc6418616db0c quarterly profit of 71 cents per share compared to an expected loss of 54 cents per share. The electricautomaker's revenue also beat forecasts on record sales. Tesla shares were soaring in the premarket. (CNBC)The acquisition of SolarCity (SCTY) https://click.response.cnbc.com/?qs=0548cbf99cb42df9e75e1b0614348b15cc3fe7170707c2fcdcec081f0c09e27c810366b09cb6c92f is likely to have a "neutral" impact on Tesla's fourth quarter, said Elon Musk, chairman and CEO of Tesla and chairman of SolarCity. (CNBC) https://click.response.cnbc.com/?qs=0548cbf99cb42df9eeff0951ff64571f920b92d7efdaf7ee4575b0352ef4543331ffd6cc4707d803 https://click.response.cnbc.com/?qs=0548cbf99cb42df9d1d6eaa730b89c1d90caed1fbe68485af48cf65d6f609c5aa15c65409b51a23a https://click.response.cnbc.com/?qs=0548cbf99cb42df9c883b54c6db6609c99d4cefe970e382cefd92ff44825deccfcb9dd30be04105f Apple plans to unveil its https://click.response.cnbc.com/?qs=0548cbf99cb42df98075a9e40257ba319de4e306e2dc44a886243bc73d75f0b7c676a4214536d79b new version of a TV guide today, during a product event in California. The company is also expected to roll out new Mac models. (Recode) https://click.response.cnbc.com/?qs=0548cbf99cb42df98f00808bde49862201ccb47aebda51c8ce00a311383918207ed2549bf674b84c Apple is delaying shipment of its new AirPod wireless headphones to consumers, saying it needs a little more time and does not believe in delivering a product before it's ready. Apple also said: "Early response to AirPods has been incredible." (CNBC) The co-chief executive of Samsung https://click.response.cnbc.com/?qs=1036b09d45ac55399a35e30f4b99e48bec87d92803481a7fd988a327ce7b487ad005e58f040bcf9d issued an apology today, after third-quarter operating profit tumbled more than 30 percent following the fallout from the now-discounted Galaxy Note 7. (CNBC) Google parent Alphabet is graduating its https://click.response.cnbc.com/?qs=1036b09d45ac55390b8920040ff8893f822a75f0d9e63b737b7723d63672d6c87757de2342127968 self-driving-car project from its research lab X into a stand-alone business, a major step on the way to commercial operations. (WSJ) Volkswagen https://click.response.cnbc.com/?qs=1036b09d45ac55396db30ae055d5d3562dfc63c5f33456ffde9dbac5b2a60f1b7bdef0130da2cee6 raised its earnings outlook , after bouncing back to a profit of $2.55 billion) in the third quarter from a large loss a year earlier, when VW took a big charge from its car emissions scandal. (NY Times) Deutsche Bank (DB) https://click.response.cnbc.com/?qs=1036b09d45ac5539044df987fe05ae2f67196e1217fc764649202c71dc47e936394af454c2fe0efb beat estimates with quarterly results. CEO John Cryan promised to speed up restructuring efforts, as the German lender braces for a multibillion dollar fine from U.S. officials. Cryan also said he https://click.response.cnbc.com/?qs=1036b09d45ac5539f39a9c77c1012649c5eeeaaabd911a144b9fb6a494828ef48fe6ad03193b6db4 hopes to resolve major litigation by mid-March. (CNBC) Executives of EpiPen maker Mylan https://click.response.cnbc.com/?qs=1036b09d45ac5539cf82c82e105b1656e71be37200d299bd38afdfbf445715cd4392aa03facd2c84 are unlikely to lose pay over the company's recent $465 million settlement of allegations that it overcharged Medicaid for the lifesaving treatment. (WSJ) Wal-Mart (WMT) will make https://click.response.cnbc.com/?qs=1036b09d45ac55398e8b6a0d20d45412e8ff010cc675ef13fccd7103a1d2ba90ea327e4c5ba66777 thousands more items from its online store available for same-day pickup in its stores this holiday season. The retailing giant is also increasing its https://click.response.cnbc.com/?qs=1036b09d45ac55397a6c44daca5fe327891a021f096c29dc53fd881cb8c46b985d6236b5e750b01c selection of holiday and novelty items by 40 percent. (CNBC) According to Adobe's Digital Index, online sales are expected to grow at a slower clip this holiday, with https://click.response.cnbc.com/?qs=1036b09d45ac55390bcb9cf533559602d58fe1191ca4a72487ece6e74dd33e42bf95ca2c7eed70fe mobile traffic seen exceeding visits from desktop computers for the first time. (CNBC)Hillary Clinton has ratcheted up her lead over Donald Trump to nine points, according to the latest https://click.response.cnbc.com/?qs=1036b09d45ac5539292ddf49b561f3fa54929a412adee1d89a78d8a969926b1e9c09dd631631f28e CNBC All-America Economic Survey , nearly doubling her advantage from the last poll. (CNBC) Two chief fundraisers for the Clinton Foundation pressed corporate donors to steer business opportunities to former President Bill Clinton as well, according to a https://click.response.cnbc.com/?qs=1036b09d45ac55395013fadda1a41abe3dbf43fe5822b2ce979ce38e37405a948a9df7feaae249f0 hacked memo published by WikiLeaks . (WSJ) Many of the schools across America that house polling booths https://click.response.cnbc.com/?qs=1036b09d45ac55396c55c9935e2da975b9d8020493da4eebf72fb77c03a720284037cca0b3b7577e will not be open on Election Day for the first time after parents raised fears over violence. (NBC News) HIV appeared in New York as early as 1971, https://click.response.cnbc.com/?qs=1036b09d45ac5539eb6572c57f697e38b16c7de4bd1f588e3f45f90188c3ab3daac2d62f2ff6cc3d according to a new analysis , and spread from there to San Francisco. It contradicts the idea that the disease's spread traced back to one man. (NY Times) BY THE NUMBERS Remarkably steady growth rates for three straight quarters have raised suspicions about "data smoothing" in China, but the country has " https://click.response.cnbc.com/?qs=1036b09d45ac553907c4c3bac87d356e54ad9ba83867f97526885957ed6138d4d963b58f531a6a52 no incentive or necessity to whitewash the real economic picture," according to a commentary in state-owned Xinhua news agency. Two key U.S. economic reports are out at 8:30 a.m. ET, with the government issuing both the weekly report on initial jobless claims and the September durable goods numbers. At 10 a.m. ET, the National Association of Realtors is out with September pending home sales.In addition to today's tech earnings, Ford Motor (F), UPS (UPS), and Aetna (AET) are on this morning's list, while Amgen (AMGN), Expedia (EXPE), andLinkedIn (LNKD) lead the after-the-bell schedule.ZTO Express (ZTO) debuts today on the New York Stock Exchange, after the China-based package delivery company raised $1.4 billion in the biggest US initial public offering of the year. The IPO was priced at $19.50 per share, above the expected range. STOCKS TO WATCH Groupon (GRPN) late Wednesday lost a penny per share, matching estimates, while the daily deals site saw revenue come in above forecasts. Separately, the company announced the acquisition of rival LivingSocial for an undisclosed amount.Texas Instruments (TXN) reported quarterly earnings of 94 cents per share, 8 cents above estimates, with the chipmaker's revenue coming in above forecasts as well.The chipmaker also announced a 32 percent increase in its quarterly dividend to 50 cents per share.Western Digital (WDC) earned an adjusted $1.18 per share, 14 cents above estimates, and the disk drive maker's revenue was also above estimates.The company's demand for both hard drive and flash-based products was strong, thanks to demand in cloud and mobile sectors.Nokia (NOK) reported a third consecutive quarterly loss on weak sales of mobile networking products, and also announced the resignation of its chief financial officer.O'Reilly Automotive (ORLY) topped estimates with its latest quarterly earnings report, but the auto parts retailer gave a disappointing outlook for the fourth quarter. Cheesecake Factory (CAKE) earned an adjusted 70 cents per share for its latest quarter, 9 cents above estimates. The restaurant chain also saw revenue beat forecasts as comparable restaurant sales rose 1.7 percent.Buffalo Wild Wings (BWLD) came in a penny above estimates with quarterly profit of $1.23 per share. But the restaurant chain's revenue fell shy of projections, and issued weaker than expected full-year guidance. WATERCOOLER Starting today, the NBA offers a fully produced game in https://click.response.cnbc.com/?qs=1036b09d45ac5539cd413a7210b072e997e4269cf075b833e6f2947361082a4c12b9314c57a36f77 live virtual reality , becoming the first U.S. professional sports league to offer VR broadcasts. (USA Today) CONTRIBUTORS https://click.response.cnbc.com/?qs=1036b09d45ac5539293775c4799be90b354af5253d6b0c04c54b6e746e112c57951bd9c4624c2ff8 https://click.response.cnbc.com/?qs=1036b09d45ac5539293775c4799be90b354af5253d6b0c04c54b6e746e112c57951bd9c4624c2ff8 Matthew J. 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