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According to the Raymond James chief investment strategist, last week's "minicrash" is not indicative of any fundamental changes in the economy or markets, and there's evidence a market bottom is forming. Despite his reassuring read on the market, the Dow and couldn't muster a close in positive territory. It needs to convalesce for a few days," Saut said.

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This copy is for your personal, non-commercial use only. Semiconductor bulls assumed the chip bottom was near, but industry bellwether Texas Instruments poured cold water on that narrative. But the company reported a mixed third quarterwith adjusted earnings per share and sales slightly below expectations.

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Blue Apron is focused on cutting costs and improving operational efficiency across the board. The entire effect should wane in the fourth quarter. On the third quarter of conference callBlue Apron highlighted the possibility of its adjusted EBITDA being positive in fiscal owing to extensive restructuring measures.

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Wall Street's fear of Elizabeth Warren puts its many never-Trumpers in an electoral pickle. The big picture: Warren regularly aims her ire at professional financiers, whereas progressive rival Bernie Sanders is typically more generic in his "millionaires and billionaires" rhetoric. What they're saying: Warren worries were a persistent theme on the sidelines of a CNBC conference yesterday.

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Caterpillar misses on top, bottom lines Boeing says it still expects to increase Max production Texas Instruments expects Q4 revenue to be below estimates. The heavy equipment maker said end-user demand was weaker than expectations and volumes declined amid a reduction in dealer inventories. Given its exposure to China, CAT has been considered an indicator for how well things are going in the trade dispute between the United States and the Asian nation, which has been a drag on the global economy.

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Saut appeared on " Squawk Box " as U. Drawing on a finance career spanning more than four decades, Saut predicts two interest rate increases from the Federal Reserve ineven as other Wall Street analysts expect a slowing in hikes next year. Stocks faced pressure in October that spilled into the next month after Fed chief Jerome Powell 's Oct.

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The Chicago-based company warned investors yesterday that the online food ordering and delivery business is slowing, and that its bet on expansion into hundreds of new cities with chain restaurants such as Taco Bell and KFC isn't as lucrative as executives hoped. And new customers are less loyal. We believe the next leg of growth will take place over time. Grubhub revenue grew 30 percent and gross food sales rose 15 percent in the third quarter.

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