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=00f1d446ef4d0036be81306d9e29eebe57c76580ed446b50370392ca9e53fe90b180696f8a047efc2c514dbedce8525a4e71027462dd71ef11cd7f5f38ff7010CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=00f1d446ef4d0036be81306d9e29eebe57c76580ed446b50370392ca9e53fe90b180696f8a047efc2c514dbedce8525a4e71027462dd71ef11cd7f5f38ff7010 here. https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1fb82600044fcfcadc601db159dfe693168ca1d0bcae90d79d4959af429adc6c07 https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1f69c82eebfb036f453efd2224e229f9a5243cf6580b20acd723b615526eff54a7 IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1f154e438b7c997a29e415980afe9e29149450850a15d98110716716867dbe9add were lower this morning, after Wall Street on Thursday broke a two-session winning streak. The Dow, S&P 500, and Nasdaq were holding on to small weekly gains ahead of Friday's trading. (CNBC) Dow component General Electric (GE) this morning reported earnings that beat expectations but revenue that missed. GE narrowed its 2016 outlook, and increased its buyback by $4 billion. Dow stock McDonald's (MCD) also https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1fcce2f83626fbec611cfa80cd0f1d074d8a9f5cb786c1b662215c2e676460d8ee reports earnings this morning. (CNBC)Microsoft (MSFT) shares were poised to hit their https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1f0699188d7174c530f7d6879837fb707ddaf1f736a2dd6a0cd7a0c092e0cdec4f first all-time high since 1999 in today's trading, after earnings and revenue beat estimates ongrowing strength in the company's cloud-related business. (CNBC) https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1f86185c5dcb880afedbc672854045889c400af46e8e3c624bc1909455e2f1eea8 Oil was higher this morning, as Russia reiterated its commitment to joining an OPEC-led output freeze. The weekly American rig count is out at 1 p.m. ET. U.S. crude's 2.2 percent decline on Thursday reversed the prior day's similar advance. (Reuters) https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1f437ca57e0d13dc2f868f629f61d47bce7d24a0e27ebe64a35e97fc7d0a366f8f https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1fc7ba02315027e9b5fc2ad267573c3f51bb0d417e43c9b48e236f55b77173de95 https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1fc76dbdaf0c03b56ada47d94d26fe1839a9829a25f80bc329d8485353dd1ee3ce British American Tobacco (BTI) https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1ff23da8a1a031b9c80b4e90636a401d2b4a7ff84510ebdcf8b39ed97c51f53e89 offered to buy the rest of Reynolds American (RAI) for $47 billion or $56.50 per share. That represents a 20 percent premium to Thursday's close.Alkermes (ALKS) shares https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1f2d37e358fb8ab1dca0319b9de7214f104a29128d75534964fb67c54c08b92abb were surging about 40 percent in the premarket, after the biotech reported favorable trial data for a depression drug aimed at patients who do not respond to standard treatment. (Reuters)Comcast's (CMCSA) NBCUniversal https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1fe4ca0bee82ea1846088adcbfd3051b64960b6200759f0a55a4acb2c9f6a64d2c is investing another $200 million in BuzzFeed, according to multiple reports, valuing the digital media firm at about $1.7 billion. Comcast also owns CNBC. (Recode)Tesla (TSLA) said anyone ordering a car capable of completely autonomous driving https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1fef015addaa78658260d3cf8eb499525c277a610892b788414fbb48a939d2c5be can only use the vehicle for ride-sharing for friends and family or the electric automaker's own car hailing service. (CNBC)The iPhone maker said it has been buying accessories on Amazon (AMZN) bearing the Apple (AAPL) name, and found that a whopping https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1fafe75949e06ddaed3429ff2aac0be31afb748d6683471a90e6f1aa9aa3e20d24 90 percent of those are counterfeit . (NBC News) https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1f8756c244b6c2dfb36e1054a63df5c8ecd092af3a32de3a8f061d192c5e53fe85 ISIS attacked targets in and around the Iraqi city of Kirkuk early Friday, a likely attempt to divert attention from the the U.S.-supported battle to retake Mosul from the extremists. (NBC News) DECISION 2016 Trump and Clinton managed to sit two seats from each from each other and remain mostly civil last night at charity dinner. Though they did https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1fa8f3d7568ab4b9bf5ae9b7ad9158c8b099227836dfdf73279581bf0b5f164ffa trade some jabs in each of their speeches. (NBC News) https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1fc7a87a512db4a03d9b7afbe62ab1bcdd211e9a36a6b3d25bdae30bded7845077 An estimated 71.6 million people watched the final debate between Clinton and Trump on TV, the third-largest total ever recorded. It was better than the second match-up but below their first encounter. (Reuters)Donald Trump's campaign massively increased its expenditures in September, https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1f3e94bdf2669fee671148f65f20703d7b3b5186d383a38961dd54b11be6bb5742 but continued to trail Hillary Clinton's spending and fundraising, according to new election filings. (CNBC)In an apparent move to embarrass the U.S. over Trump's claims of a "rigged" election, https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1fb9400b6e24a42e6e78f29e3b94bb380893f4563c7cd0b5e489cf3b04b3f0a5d2 Russia offered to send monitors to American polling stations for the November vote. (USA Today) BY THE NUMBERS Over the last three months, investors https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1f4bc8d0269829ae30fd1cebf75d64a19e0dd210e10574246c118a0efe775c99c1 pulled $28 billion out of hedge funds , according to new data, the biggest quarterly outflow of dollars since the depths of the financial crisis in 2009.Meanwhile, investors pulled $3.4 billion from U.S.-based stock funds this week. Lipper said that same amount was poured into taxable-bond funds. Meanwhile, $7.7 billion was pulled from money market funds.There are no economic reports on today's calendar. Meanwhile, Fed Gov. Daniel Tarullo and San Francisco President John Williams both make public appearances today. Williams is not a voting member of the FOMC this year or next. STOCKS TO WATCH PayPal (PYPL) matched earnings and revenue. However, investors were encouraged both by a growing number of active accounts, and a deal to become a one-click payment option on Alibaba's (BABA) website.Advanced Micro Devices (AMD) reported an adjusted profit of 3 cents per share, better than breakeven estimates. The chipmaker's revenue also beat expectations.Ericsson (ERIC) said sales of its telecom equipment in the North American market fell during its third quarter, and announced it would cut costs further to account for weakness in its target markets. SAP (SAP) raised its annual guidance for 2016 on an expected 6.5 to 8.5 percent bump in cloud and software revenue. However, SAP's third quarter profit dropped by 19 percent from a year ago.Schlumberger (SLB) reported earnings that beat estimates, but 82 percent lower than a year ago. The oilfield services company's revenue fell slightly short of analyst forecasts.Boston Beer (SAM) cut its outlook after the brewer's revenue fell for a fourth straight quarter. The maker of Sam Adams beer said it was reviewing its brand strategies, amid increasing competition in the industry.Skechers (SKX) missed estimates by 4 cents with quarterly profit of 42 cents per share. Revenue also fell short. Additionally, The footwear makerpredicted weaker than expected fourth quarter sales.WATERCOOLER The American Academy of Pediatrics, amending earlier advice, https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1fda46f3b1e0bdf49fc02d349cbae69aee11b3390104017543be1a7f71c14871d6 now said it's OK for babies to Skype or FaceTime with grandma and grandpa, and for older children and teens to do some of their socializing, learning and playing online. (USA Today) CONTRIBUTORS https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1f25072fabf68bc1fe5f5043b41098593809254532afce5a76fa5d7fc1f83f72a1 https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1f25072fabf68bc1fe5f5043b41098593809254532afce5a76fa5d7fc1f83f72a1 Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1f689a4172b5e783f7c0810b5f6c10af144dcd016069ee0573115514c7a18c9e77 @Matt_Belvedere https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1fdac82671040aedb656859d05b099d4d943baf0c8071d1506bfc544c6ef70e051 https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1fdac82671040aedb656859d05b099d4d943baf0c8071d1506bfc544c6ef70e051 Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1fe732af13977ff74785b60462407b61116da4c5d75399c3db9a3e37deea42afab @peterschack https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1f1dd2dffe09999254a04809ec103ee94b763b8f167e93016f65eee4748e08cbcd https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1f1dd2dffe09999254a04809ec103ee94b763b8f167e93016f65eee4748e08cbcd Tom DiChristopherWeb and TV producer Feedback We value your input—use https://click.response.cnbc.com/?qs=6f0d0246f7ce3d1fdd996fa69d2010021f44936d8cb9cad99b81a316a1496c88e1e4ac77a1c01db1 our simple form to let us know what you think. 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