Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
Retailers could be in for a jolly jump in holiday sales despite headwinds like the U.S.-China trade war and threat of another economic slowdown.Retailread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
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Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The "Fast Money" traders debated whether it's better to invest in "new tech" companies like Netflix or "old tech" companies like IBM after both companies reported earnings that bested analyst estimates.
Netflix saw quarterly sales pass $2 billion for the first time thanks to original series like "Stranger Things" and "Narcos." Revenue from IBM's "strategic imperatives," which include the company's cloud and analytics businesses, grew 16 percent year over year.
Trader Dan Nathan said that Netflix's plan to license its content in China rather than launch its service there is a "great business model."
Trader David Seaburg said that although Netflix's Monday earnings report may "alleviate" some of the fears in the near term, investors have to wait and see what happens in 2017.
Trader Brian Kelly said that if IBM starts to see growth in Watson, its artificial intelligence business, that would be "the future of this company." He said that given the stock's current valuation and price, it's probably worth holding.
Nathan disagreed and said that he would have to see a substantial ramp up in Watson's revenue to justify IBM's valuation.
IBM has been "long thrown out the window essentially for being a legacy company," Seaburg said. "But they bolted on some strategic initiatives that have allowed this company to sort of have a second life."
— CNBC's Anita Balakrishnan contributed to this report.
Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc. David Seaburg and Cowen have a financial interest in EDIT. Diamond Offshore: an employee of Cowen and Company, LLC serves on the Board of Directors of Diamond Offshore. EXPE, HZNP, VA – Not approved.
Dan Nathan is TWTR long, PYPL long Oct calls, XHB long Jan put spread, XLU long Dec call Spread, XLK long Jan put spread, XRT long Jan put spread, PG long Dec put spread, EEM long Nov put spread.
Tim Seymour is long ABX, APC, AVP, BAC, BBRY, CLF, DO, DVYE, EDC, EWZ, F, FB, FCX, FXI, GM, GOOGL, GE, INTC, LQD,MCD, MUR, OIH, PG, RACE, RAI, RH, RL, SINA, T, TWTR, VALE, VZ, XOM and short: SPY, XRT. His firm is long ABX, BABA, BIDU, CBD, CLF, EWZ, F, KO, MCD, MPEL, NKE, PEP, PF, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, X, YHOO, short EWG, HYG, IWM.
Brian Kelly is long Bitcoin, US Dollar UUP. He is short the euro and Japanese yen.