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Last Call: U.S. Customs Drops the Blackberry

Source: blackberry.com

"Both companies failed to innovate and consumers have rejected them. The net effect is that both firms have been relegated to laggards in the consumer market which has made them too risky for adoption as a 'go-to' choice for enterprise use."

-Tech analyst? Nope, the U.S. Customers Agency on why it won't be issuing its employees Blackberries or anything by Nokia.

Market Musings With CNBC Market Guru Robert Hum

Recap: Dow 2.38 ( 0.02%) at 13345.89, S&P 0.63 ( 0.04%) at 1433.82, Nasdaq 11.34 ( 0.38%) at 3016.96

Stocks stage late-day comeback, avoid 3rd straight day of losses

After falling as much as 108 points, Dow completely erases a triple-digit drop for first time in 10 months

Following the struggles last week, techs lead the way as Apple has best day in 5 months ahead of tomorrow's expected iPad mini announcement

Energy complex hit: Natural gas down over 4.5%, has worst day in more than 2 months, crude oil pulls back below $89

The Word On The Street Tonight

TI Projects Drop in Revenue as Chip Demand Slips/CNBC – CNBC.com with Reuters: "Texas Instruments posted a decline in quarterly revenue as demand for its chips slipped on economic concerns and it forecast more weakness this quarter. The maker of chips used in products ranging from consumer electronics to industrial equipment posted a profit of $784 million, or 67 cents per share, up from $601 million, or 51 cents per share, in the year-ago quarter. Revenue declined to $3.39 billion from $3.47 billion in the year-ago quarter."

Yahoo's Profit Soars on Alibaba Gain/Nathalie Tadena: "Yahoo Inc.'s third-quarter earnings soared as the Internet media company recorded a large gain from its recent sale of Alibaba Group Holdings hares, while search and display revenue improved slightly. Shares jumped 2.9% to $16.22 in recent after hours trading as adjusted results topped analyst expectations."

Here's Why Yahoo's Mayer Will Win in Mobile: Pro/CNBC – Cadie Thompson: "Yahoo's CEO Marissa Mayer has the cards stacked in her favor when it comes to tackling mobile, the number one issue haunting Internet companies, said Ann Winblad, co-founder and managing director of Hummer Winblad Venture Partners. "I think she has a lot of strong cards to play. She's got a lot of cash, so she can do acquisitions. ... She also has ad platforms ... so she understands ad networks and she is going to have to figure that out on mobile," Winblad said Monday on CNBC's Squawk on the Street. "And she understands content, they've monetized it before and they are going to have to monetize it differently again."

Yahoo CEO Mayer Expects to Make Small Acquisitions/WSJ – David Benoit: "Yahoo's new CEO Marissa Mayer pitched her vision for the future of Yahoo to Wall Street today, and its one that includes making small acquisitions to bolster its operations. Mayer, who took over as CEO in July, said on her first conference call that she broadly wants to improve many sections of the Internet company. When asked about how the company would use capital going forward, she made clear deals will be part of the strategy. Those deals will likely be quite small though, as Mayer said she wants to keep the balance sheet strong and believes integration works better for smaller tech deals."

Best Buy Bets on a Windows 8 Boost/WSJ – Ann Zimmerman: "Big box electronics retailer Best Buy has high expectations for the launch of Microsoft's Windows 8. Perhaps too high, say some analysts. The consumer electronics giant is attempting to reinvent itself after sales and profits fell for eight of the last nine quarters at stores open at least 14 months. The shrinking personal computer market, under siege from sales of tablets and smartphones, is a factor in Best Buy's sales decline. In hopes of capitalizing on Windows 8, the Richfield, Minn., chain has spent millions in the last few months training front-line workers to offer better, more knowledgeable support to customers — including 50,000 hours of training to educating employees on the complicated new facets of the Windows 8 operating system."

Monster Shares Fall on FDA Probe/WSJ – Mike Esterl: "Investors dumped shares in Monster Beverage on Monday, worried that regulators, politicians and lawyers could increasingly target the company's fast-growing, caffeine-packed energy drinks. The selloff came as the Food and Drug Administration confirmed on Monday it is investigating reports that five people since 2009 may have died after consuming Monster drinks. But the agency cautioned there was no evidence linking the deaths to the beverage."

Amazon Says New $199 Kindle Fire HD Is Top Seller/Reuters: "Amazon.com said on Monday that its $199 Kindle Fire HD tablet has been the best-selling product on the company's website since the gadget went on sale more than a month ago. Amazon started selling a range of new Kindle Fires on September 6 and the company said the 7-inch HD model has out-sold all other products on Amazon worldwide since then. Amazon did not disclose actual sales numbers, but a spokeswoman for the company said the top-seller status was based on unit sales."

Barney Frank Cries Foul in Government's Lawsuit Against JPMorgan/Reuters: "Democratic Congressman Barney Frank defended the nation's largest bank on Monday, saying in a statement that the government was wrong to go after JPMorgan Chase for the alleged misdeeds of Bear Stearns. Frank, the co-author of the 2010 Dodd-Frank financial reform law, said federal and state officials should reconsider holding financial firms liable for the wrongdoing of institutions they absorbed at the government's urging. The unusual statement comes after New York Attorney General Eric Schneiderman sued JPMorgan, the nation's largest bank by assets on October 1 over mortgage-backed securities packaged and sold by Bear Stearns."

U.S. Customs Workers to Switch to iPhones From BlackBerrys/NY Times: "…After eight years of using BlackBerrys, the agency concluded that the once-leading smartphones were too far behind the times to meet its needs. The agency said it had "evolving mobile law enforcement business requirements that require the use of more capable and dynamic mobile technology. RIM's decline has also prompted concerns at the agency that the company, like its competitor Nokia, may not survive. Products from those two companies, the document said, "help to define the smartphone market." But it added: "Both companies failed to innovate and consumers have rejected them. The net effect is that both firms have been relegated to laggards in the consumer market which has made them too risky for adoption as a 'go-to' choice for enterprise use."

Sorry, Nerds: Popular Kids Earn More in the Long Run/WashPo – Sarah Kliff: "A new working paper may throw some cold water on any "Revenge of the Nerds" fantasies: It finds that more popular high school students earn more than their less-liked counterparts — even decades after graduation. … As the researchers looked toward the future, they found that 35 years down the road, the more popular students earned 2 percent more than their peers. That's nearly half — 40 percent — of the wage differential that students accrue from an additional year of education."

Economic Data

1000 Oct Richmond Fed Survey

1300 Oct 2-Yr Note Auction

FOMC Meeting Day 1

Earnings

Before the Bell:

DuPont, MMM, United Technologies, UPS, Harley-Davidson, Xerox

After the Bell:

Amgen, Gilead Sciences, Facebook, Aflac, Boston Properties, Netflix, Panera Bread, Buffalo Wild Wings, Tempur-Pedic

Key Guests

Andrew Cripps, IMAX Europe CEO (440a)

Chet Helck, Raymond James Financial Global Private Client Group CEO (640a)

Ronald Kruszewski, Stifel Financial CEO (650a)

Kellyanne Conway, The Polling Company CEO (700a)

Bob Shrum, Democratic Strategist (700a)

Donald Trump, Trump Organization Chairman (730a)

Gary Gensler, CFTC Chairman (810a)

Sen. Rand Paul, R-KY (830a)

John Popper, Blues Traveler (840a)

Bill McDermott, SAP Co-CEO (900a)

Eric Jackson, Ironfire Capital Founder (1000a)

Mel Martinez, Former Senator R-FL (1100a)

Rob Raymond, RCH Energy Founder (1100a)

Nick Massey, Rara.com CEO (1145a)

Zachary Bogue, Data Collective Co-Founder (1145a)

Matt Ocko, Data Collective Co-Founder (1145a)

Alan Greenspan, Former Federal Reserve Chairman(130p)

Lew Frankfort, Coach CEO (340p)

Sen Bob Corker, R-TN (410p)

Julian Robertson, Tiger Management Founder (430p)

Greg Smith, "Why I Left Goldman Sachs" Author (440p)

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