Squawk on the Street
Morning After The Big Market Sell-Off, CEOs On Earnings, And Luxury M&A
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Show notes
With stocks coming off their worst day since June, Carl Quintanilla, Jim Cramer and David Faber looked at what's ahead for the markets after Wednesday's big sell-off, with rising coronavirus cases
and next week's presidential election on investors' radar. On the earnings front: The CEO Yum Brands -- The parent of KFC, Taco Bell and Pizza Hut -- discussed the company's better-than-expected
quarterly results and record digital sales amid the pandemic. The CEO of ServiceNow also joined the program after the software company's revenues beat analyst estimates -- the stock has doubled over the past
twelve months. Also in focus: GDP surging by 33.1% in the 3rd quarter after a 31.4% drop in Q2, United Airlines expanding its free COVID-19 testing program for passengers, and Tiffany agreeing to be acquired by
LVMH for $15.8-billion -- slightly lower than the price they agreed to last year.
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