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Monday, October 24, 2016

Squawk Box with Belvedere, Schacknow and DiChristopher - October 24, 2016

CONTRIBUTORS

Senior Producer
@Matt_Belvedere
Senior Producer
@peterschack
Web and TV producer


IN THE NEWS TODAY

U.S. stock futures were pointing to a higher open on Wall Street, following the first positive week in three and renewed M&A activity led by AT&T's (T) mega-deal to buy Time Warner (TWX). (CNBC) 

Long-depressed commodity prices are set to finally head higher due to expected infrastructure spending in emerging and more developed markets, and said Marc Faber, known as Dr. Doom for his usually pessimistic views. (CNBC)
When the next administration in Washington takes up the $85.4 billion deal between and Time Warner, the companies will probably face a much sterner test from regulators than Comcast's (CMCSA) purchase of NBCUniversal, which also owns CNBC. (NY Times) 

In a speech over the weekend, Donald Trump said he opposed the proposed AT&T-Time Warner merger, vowing his administration would not approve the deal, because it would put "too much concentration of power in the hands of too few." (CNBC) 

LinkedIn's (LNKD) deal to be bought by Microsoft (MSFT) for $26 billion is getting more intense review from European Union regulators. Officials have sent questionnaires to competitors about the possible deal. (WSJ) 

TD Ameritrade (AMTD) this morning said it would buy privately held Scottrade Financial Services in a cash-and-stock deal valued at $4 billion. (Reuters)

B/E Aerospace (BEAV) will be bought by aircraft component maker Rockwell Collins (COL) for $62 per share in cash and stock. The value of the deal to buy the maker of aircraft interiors is worth $6.4 billion, not including assumption of debt. (Reuters) 

Facebook will begin allowing more explicit posts if they are "newsworthy, significant, or important to the public interest," the social network said, following a series of controversies over deleted content. (Recode) 

Trump campaign manager Kellyanne Conway told "Meet the Press"Sunday: " We are behind," but added the Trump campaign was looking to sway undecided voters not ready to support Clinton. (NBC News) 

For the first time in decades, the wealthy are set to deliver a landslide victory for a Democratic presidential candidate, favoring Hillary Clintontwo-to-one over Trump. (CNBC) 

BY THE NUMBERS

Uncertainty about the election has not stopped most businesses from rolling out expansion plans and hiring new workers. But about a third of them are having trouble filling open positions, according the latest NABE survey.

While there are no government economic reports due today, investors hope for clues on the economy from three Fed officials. St. Louis Fed President James Bullard, Chicago Fed President Charles Evans, and Fed Gov. Jerome Powell all speak the trading day.

Roughly one third of the S&P 500 report their numbers this week. It's worth noting AT&T (T) had been set to report quarterly results this morning. But it issued them over the weekend with the Time Warner merger news.

Amazon (AMZN) saw its price target raised to $1,050 from $920 at Goldman Sachs, which maintains a "conviction buy" rating on the stock. Goldman cites both outperformance in Amazon's retailing operation as well as growth in the Amazon Web Services business. 

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