Big Tech Earnings Reaction, Bulls To October: "Good Riddance!", and Starbucks CEO's Outlook
Squawk on the Street - A podcast by CNBC
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Carl Quintanilla, Jim Cramer and David Faber discussed a rough October for stocks with the Dow on pace for its worst monthly performance since March. Thursday’s earnings reports from big tech companies such as Apple, Amazon, Facebook dragging down the markets, with election uncertainty and a spike in coronavirus cases also weighing on investor sentiment. The anchors also reacted to quarterly results from U.S. oil majors Chevron and Exxon Mobil. Starbucks CEO Kevin Johnson joined the program to talk about ahis company's better-than-expected earnings and why he expects sales to rebound in 2021 from lows hit during the pandemic. Also, Fisker CEO Henrik Fisker spoke about the future for the electric vehicle maker as it debuts on the NYSE.