David Faber

David Faber

@DavidFaberCNBC Co-host, The Strategy Session
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http://thefaberreport.cnbc.com/
http://strategysession.cnbc.com/
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Business and Finance, U.S.

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$3B to $3.5B annual costs savings for $HPQ all due to job cuts. Non-headcount savings targeted, but not delineated.
CEO Whitman tells me $HPQ cost savings from job cuts will start to be felt in Q4. 8% reduction was decided on by "bottom up" analysis.
While $HPQ beat on last quarter, Q3 guidance a little light. CEO Whitman tells me macro-economic uncertainties warrant caution.
so much for $38, $37 or even $34? $FB probably needs to wait until its first quarterly report to generate possible momentum.
Underwriters won't support premarket on $FB, but they should have plenty $ left to defend $38 once it opens.We shall see
RT @DavidSimonTwin: $AVP - a turnaround at AVP will take 18-24 months with no guarantees. Dead money right now. http://t.co/EXJqKIMV
fun watching $FB underwriters hold that line...at least they may have gotten the flippers out.
I'm still getting plenty of tweets from people who say they have received no confirm on their $FB orders..even ones placed at 9:35am
hearing nasdaq system was clogged, didn't accept $FB orders and traders backed away when couldn't get confirms..unclear if resolved.
I found the key to #Jeopardy was not to answer when I was not 100% Kareem was great and no I am not as short as Dana (she stood on a box).
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