DCLA's Sarat Sethi breaks down Apple and Facebook's big earnings beats

Apple and Facebook were moving in the pre-market Thursday after both Big Tech stocks beat Wall Street profit and revenues estimates. Apple's blowout quarter was driven by strong iPhone sales and Facebook's big beat was driven by higher priced advertisements. Sarat Sethi, managing partner and portfolio manager at DCLA, joined "Squawk Box" on Thursday to discuss the results.