That would value Tiffany at about $14.5 billion and would be about 22% higher than Tiffany’s Friday closing price. Walgreens – The drug store operator beat estimates by 2 cents a share, with adjusted quarterly profit of $1.43 per share. AT&T – AT&T reported adjusted quarterly profit of 94 cents per share, a penny a share above estimates. Restaurant Brands – The restaurant operator matched analysts’ forecasts, with adjusted quarterly profit of 72 cents per share. Spotify – The music streaming ser

The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw and Carter Worth looked at buying a call spread in Alphabet. XLP Nov put spread. SMH Nov put spread. Mike Khouw is long HAL.

The scheme, backed by funding of £33.9 million ($43.54 million) across five years, could result in the development of sophisticated “care robots” which would be deployed to assist the elderly. Actions that could potentially be taken by such robots include helping people up after a fall, making sure medication is taken, and delivering meals. The idea of developing “care robots” comes as the U.K. faces an ageing population, with the government stating that one in seven people were now expected to

“I am very optimistic,” Sabic Vice Chairman and CEO, Yousef Al Benyan, told a small roundtable of reporters at its headquarters in Riyadh on Sunday. “We don’t use the word integration,” Al Benyan said. “There are some misconceptions around the relationship in the future between Aramco and Sabic, but Sabic will remain a publicly-listed company,” he added. “I’m not worried about how Sabic is going to operate in the future,” Al Benyan added. The successful IPO of Aramco is seen as critical for Saud

Argentina’s president elect Alberto Fernandez and vice-president Cristina Fernandez wave at supporters at the headquarters of the party in Buenos Aires on October 27, 2019. Argentina’s Alberto Fernandez and Cristina Fernandez de Kirchner secured a comfortable victory in Sunday’s presidential election, prompting fresh concern about another bout of economic turmoil. With almost all of Sunday’s votes counted, Fernandez secured roughly 48% of the vote, while the center-right incumbent Mauricio Macri

Work email is a necessary evil in most offices — at best, it’s a quick way to communicate and delegate tasks; at worst, it’s a time-consuming productivity killer and source of never-ending stress. But limiting access to inboxes outside of office hours could do more harm than good, according to one new study. These types of workers may feel more stress thinking about accumulating email and coming back to a cluttered inbox. Even when workers are told they aren’t expected to respond to work email a

Whether you’re scaling Mount Everest, launching a business or even just starting a new job, a daunting new challenge can easily knock you out of your comfort zone. Few people know that better than Jimmy Chin, the professional mountain climber, filmmaker and photographer. He recently shared some of his advice on the best ways to prepare for your next big challenge with CNBC Make It. That’s as true for the average person facing a potentially life-changing moment as it is for a professional climber

Bank of America initiated the online media streaming company and said it had “superior” brand recognition. “We view the stock as attractive for the following reasons: 1) The negative impact of new offerings from competitors is overestimated, in our view; 2) Strong platform rev growth should continue as advertisers shift ad budgets towards OTT; 3) Roku should continue to benefit from increasing consumer demand for affordable smart TVs, enabled by the Roku TV OS; 4) Roku continues to compete effec

Popeyes’ chicken sandwich will return to stores Nov. 3. In August, the Restaurant Brands International chain sold out of its new chicken sandwich in a little more than two weeks. Customers who wanted to compare the new sandwich to Chick-fil-A’s classic chicken sandwich reported long lines inside restaurants and at the drive-thru. To prepare for consumer demand of the chicken sandwich, one Popeyes franchisee is planning on hiring 400 more employees, according to a Bloomberg report. Thanks to the

Still, the drop in its earnings per share wasn’t as bad as expected after adjusting for one-time expenses and other issues. Walgreens now plans to cut more than $1.8 billion by fiscal year 2022, up from the previously announced $1.5 billion. For fiscal year 2020, Walgreens forecasts adjusted earnings to be roughly flat after adjusting for fluctuations in currency exchange rates. Walgreens has stopped short of removing cigarettes and other tobacco products altogether, instead making them less pro

Tim Hortons’ lackluster quarterly performance disappointed Restaurant Brands’ investors on Monday, despite the success of Burger King’s Impossible Whopper and Popeyes’ chicken sandwich. While Popeyes and Burger King beat expectations, Tim Hortons, which accounts for roughly 60% of Restaurant Brands’ total revenue, was once again the laggard of the three chains. The Canadian coffee chain’s same-store sales declined by 1.4% during the quarter. Still, Restaurant Brands is confident that it can reig

Housing Secretary Ben Carson on changes to FHA regulation31 Mins AgoHousing and Urban Development Secretary Benn Carson announced an agreement on Monday with the Department of Justice regarding the F.H.A. Both departments are hoping to bring back the program. He joins “Squawk Box” to discuss.

Oct. 28 has been the single best day of the year for stocks going back to 1950 with an average return of 0.54% on the S&P 500, according to Ryan Detrick, senior market strategist for LPL Financial. The S&P 500 hit a fresh all-time high at the open on Monday, lifted by solid earnings and progress on U.S.-China trade. Of the 202 S&P 500 companies that have reported, 78% have topped analyst expectations, according to FactSet. The second best day of the year has been Dec. 26 with the S&P 500 posting

The S&P 500 hit a new record high on Monday, as strong performances by technology and bank stocks have sent the index climbing this month. Heavily-weighted Apple has been the biggest contributor to the S&P 500 in October by a long shot, as shares of Apple are up 10.1% this month, contributing 1.27 points alone to the S&P 500’s October gain because of its large size. The S&P 500 is up more than 2%, or more than 45 points, this month to 3022.55 through Friday. October’s top 10 contributors to the

Shares of the fake meat company are down over 32% for the month of October, adding to a nearly 55% drop from the stock’s July highs. One such pro — JC O’Hara, chief market technician at MKM Partners — foresees more downside. “The stock went from [$]25 to 240, ran out of buyers at 240, and you started to see some profit-taking slowly occur.” “That profit-taking was relatively calm, but that really started to accelerate a few weeks ago,” O’Hara said. That is a level where over the last few months

Firefighters battle the Kincade Fire as a barn burns on October 27, 2019 in Santa Rosa, California. Justin Sullivan | Getty ImagesCalifornia’s governor declared a statewide emergency on Sunday as wildfires fueled by high winds continue to ravage parts of the state and millions are left without power because of planned power shutoffs. The California Department of Forestry & Fire Protection, or CalFire, reported 162,693 acres burned, 405 structures damaged or destroyed, and three fatalities as of

Iconic American brand Tiffany & Co. will likely reject the current $14.5 billion offer from French luxury giant LVMH for being too low, retail analyst Brian Nagel told CNBC on Monday. Tiffany has confirmed that Paris-based LVMH offered $120 per share in cash — nearly a 22% premium to Friday’s close. “I don’t think Tiffany sells at $120,” Oppenheimer’s Nagel said on “Squawk Box.” Nagel is not alone in predicting that Tiffany will reject the LVMH bid in hopes of a sweeter offer. Tiffany, founded i

The case is one of the legal fights at the heart of the impeachment inquiry into President Donald Trump. A spokesperson for Judiciary Committee Chairman Rep. Jerry Nadler, D-N.Y., did not immediately respond to a request for comment. Howell’s order required the Justice Department to turn over the materials by Wednesday. In a separate motion also filed on Monday, Justice Department attorneys asked Howell to temporarily halt that order pending review from an appeals court. Attorneys for the govern

Estee Lauder was downgraded from overweight to neutral by Piper Jaffray, who says teenagers are wearing less makeup and changing their shopping habits. But the VSCO girl trend does not mean all is lost for Estee Lauder. Piper Jaffray noted that the company’s cosmetic retail sales in China remain strong despite trade tensions. According to the report, as of June, Estee Lauder grew more than 40% in China over the past year, on top of the 67% growth seen in the previous 12 months. Estee Lauder did

Walgreens Boots Alliance has laid off an undisclosed number of employees at its corporate headquarters as the drugstore chain cuts costs, the company said Monday. The company notified employees late last week, Walgreens spokesman Jim Cohn said in an email, declining to say how many people lost their jobs. The layoffs come as Walgreens plans to cut more than $1.8 billion in expenses by fiscal year 2022, up from the previously planned $1.5 billion. The company earlier this year announced it would