Binance遭63亿美元黑客攻击，Intel财报不及预期

IT'S A SPOOKY HALLOWEEN FRIDAY INDEED. STOCKS ARE DOWN 30 MINUTES UNTIL THE START OF YOUR CASH EQUITY TRADE. YOU ARE WATCHING OPEN INTEREST. I AM DANI BURGER.

AND I AM ISABELLE LEE. OPEN INTEREST STARTS RIGHT NOW. DANI: COMING UP, MORE HALLOWEEN PUNS. IT'S A FRIGHTFUL FINISH FOR BIG TECH. AMAZON ADDS TO THE BRUTAL WEEK FOR TRADE. ISABELLE: THE WINDFALL DRIVEN BY THE WAR. HACKERS STEAL BILLIONS FROM BINANCE IN THE BIGGEST CRYPTO HACK EVER. ISABELLE: I'M GOING TO TRY TO KEEP UP WITH YOU FOR SPOOKY PUNS. IF YOU THOUGHT WEDNESDAY WAS SCARY, THURSDAY WAS SCARIER. THE BIG SPOOKY OUT THERE IS INTEL, THE STOCK IS DOWN NEARLY 26%.

THE MARKET PLUNGING AFTER AN UNEXPECTED OUTLOOK WITH THE COMPANY WARNING THE SOFTNESS IN THE PC MARKET COULD PERSIST INTO NEXT YEAR. STRONG DATA AT THE MAN WAS NOT A CONCERN. FOR INTEL, IT'S NOT THAT THE AI EVENT IS IN QUESTION, WE JUST CAN'T MEET THE AI DEMAND. DANI: I GUESS WE ALL OWN THIS STOCK BECAUSE THE GOVERNMENT HAS A STAKE IN IT. EVERYTHING IS GETTING BATTERED TODAY IN TECH LAND WITH EARNINGS. AMAZON IS CERTAINLY NOT HELPING, NOT AS BAD AS INTEL.

STILL DOWN 7%. INVESTORS ARE FOCUSING ON THE COST OF THE AI BUILDOUT AND THE SLOWING GROWTH OF ITS CORE BUSINESS. THIS IS A RECURRING THEME WITH ALPHABET TOO. AWS ACCELERATED GROWTH BUT THAT WAS NOT ENOUGH TO OFFSET THE $77 BILLION IN ACCELERATED SPENDING. ISABELLE: JOINING US IS ED LUDLOW. AWS WAS A BRIGHT SPOT. THE BACKLOG WAS TRIPLE DIGITS YEAR-OVER-YEAR. ED: THEY SAID AS MUCH ABOUT THE CLOUD BUSINESS OVER THE LONGEST TIME HORIZON POSSIBLE THAT THEY COULD HAVE DONE.

IT WAS NOT JUST THAT AWS MET EXPECTATIONS. MICROSOFT PROBABLY SET THE BAR HIGH. IT WAS SEVERAL PERCENTAGE POINTS AHEAD OF EVEN THE WHISPER NUMBERS. THEY BASICALLY SAID AWS IS GOING TO GROW 40% OR NORTH OF IT NEXT YEAR AND THE YEAR AFTER THAT. AND THAT CAPEX IS GOING TO BE MEANINGFULLY HIGHER THAN IT IS THIS YEAR AND IT IS STILL $20 BILLION. -- THERE IS SUSTAINED MOMENTUM IN A BUSINESS THAT HAS SIX CONSECUTIVE QUARTERS OF ACCELERATING GROWTH ON A YEAR-OVER-YEAR BASIS.

ANDY JACKSON WAS FRUSTRATED ABOUT WHY NO ONE TALKS ABOUT AMAZON.COM. THAT IN END OF ITS OWN RIGHT IS A CONTRIBUTED TO PROFIT FOR AMAZON. COMPANYWIDE MARGINS ARE REALLY GOOD. NORTH AMERICAN RETAIL, SEVEN POINT 7% IS WAY BEYOND. THEY ARE RUNNING THAT BUSINESS WELL. THE STOCK BEING DOWN 7% IS HARD TO CALL. DANI: I WISH YOU CALLED -- WHAT WOULD YOU CALL INTEL BEING DOWN 25%? ED: IT'S NOT SPOOKY, IT'S A COMPLETE HORROR SHOW.

THE GUIDANCE OF $15 BILLION TO $16 BILLION, IF IT CAME IN AT THE LOW END, SOME OF THE ESTIMATES WERE NORTH OF $18 BILLION. THAT WOULD BE A MULTIBILLION-DOLLAR MIST. ISABELLE IS RIGHT. THE PC MARKET IS MEMORY CHIPS. THE PRICING IS HIGH AND THERE IS NO AVAILABILITY. THAT WILL CONTINUE INTO THE FIRST HALF OF 2027. AND ON A DOLLAR BASIS, THE CLIENT SEGMENT IS BIGGER THAN THE DATA CENTER. ON DATA CENTER, DEMAND FOR CPU IS REALLY HIGH.

YOU GUYS PUT IN SUPPLY CHAIN ISSUES, IT'S JUST EXECUTION. THEY ARE FRUSTRATED THEY ARE LEAVING MONEY ON THE TABLE. THEY HAD SOME DOWNTIME AT THE FACILITY IN ISRAEL THAT SERVES THE CPU MARKET THAT THAT IS UNFORTUNATE THEY CAN'T GET HOLD OF SUBSTRATE. THEY CAN'T MATCH THE DEMAND THAT IS THERE. THAT IS SOMETHING HE SAID TO ME ON THE PHONE FOR THREE STRAIGHT QUARTERS. IT'S A HORROR SHOW. DANI: REALLY WELL PUT, ED. PLEASE KEEP THE HALLOWEEN PUNS COMING.

LOOKING FORWARD TO BLOOMBERG TECH IN ABOUT TWO HOURS TIME. HIGH OIL PRICES AND REFINING MARGINS ARE REFUELING EARNINGS. EXXON AND CHEVRON ARE IN THE GREEN PREMARKET. CONFLICTS IN THE MIDDLE EAST AND RUSSIA ARE DRIVING REFINING PRODUCTS TO A RECORD HIGH. JOINING US IS KEVIN IN HOUSTON. THIS IS SOMETHING I WOULD ASSUME WOULD ARGUABLY BE PRICED IN, KIND OF THE FLIPSIDE OF TECH. DIDN'T WE KNOW THAT BIG OIL WOULD BE HAVING A BANNER QUARTER GIVEN EVERYTHING WE ARE SEEING?

WE DID. THE OIL PRICES AND REFINING MARGINS ARE OUT THERE IN THE MARKETS. SO, PEOPLE WERE EXPECTING SOME BIG NUMBERS. BUT, THEY CAME IN EVEN BIGGER THAN WHAT WE WERE EXPECTING. AND OVERALL EARNINGS OF $56 BILLION ACROSS THE MAJORS, WHICH IS THE HIGHEST -- THIRD HIGHEST ON RECORD, SURPASSED ONLY BY TWO QUARTERS IN 2022. IT WAS ALL ABOUT REFINING, WHICH IS OFTEN THE OVERLOOKED PART OF THE OIL INDUSTRY, THE BUSINESS OF TAKING CRUDE OIL AND TURNING IT INTO FINISHED PRODUCTS LIKE GASOLINE AND DIESEL.

WE HAVE SEEN RECORD REFINING EARNINGS AND RECORD REFINING MARGINS. THIS IS SHOWING UP IN THE PRICE OF THE PUMP ACROSS THE COUNTRY. THIS IS PROBABLY NOT WHAT PRESIDENT TRUMP AND THE REPUBLICAN PARTY WANT TO HEAR AS THEY HEAD INTO THE MIDTERM ELECTIONS NEXT WEEK. ISABELLE: KEVIN, I WANT TO TALK MORE ABOUT CHEVRON. PRODUCTION DECLINED FROM THE PREVIOUS QUARTER. ARE YOU CONCERNED ABOUT THAT AS THEY RAMP UP PRODUCTION IN VENEZUELA?

CHEVRON'S PRODUCTION VARIES QUARTER TO QUARTER. THEY ARE DOWN TAKING MORE OF A CONSERVATIVE APPROACH IN CRIMEA FOR EXAMPLE. RUNNING THAT BUSINESS FOR PROFIT RATHER THAN PRODUCTION. THEY HAVE GOT SIGNIFICANT OPPORTUNITIES GOING FORWARD. VENEZUELA BEING THE PRIME ONE THERE. THEY SAID TODAY THAT THE COST FOR VENEZUELA IS LESS THAN $20 A BARREL. YOU CAN SEE THE PROPHETS. THEY CLEARLY WANT TO DEVELOP VENEZUELA, GIVEN THE POLITICAL CHANGES WE HAVE SEEN THIS YEAR.

THEY ARE ALSO LOOKING AT SOME GREAT OPPORTUNITIES IN IRAQ. MAYBE BECAUSE EXPAND AND WEST AFRICA. THE INDUSTRY IS RETURNING TO A GROWTH PHASE NOW GIVEN THE DEMAND THAT IS OUT THERE AND THE DISRUPTIONS THAT WE ARE SEEING. ISABELLE: KEVIN, THANK YOU FOR JOINING US. EARNINGS STOCKS ARE DOWN AFTER A 6.3 BILLION DOLLAR ATTACK, THE LARGEST EVER IN BITCOIN HISTORY. ALL HAS BEEN SUSPENDED. EMILY NICOLLE HAS THE DETAILS. THIS WAS AN OVERNIGHT DEVELOPING STORY.

NOW THE VALUE IS AT $6 MILLION. HOW MUCH OF THOSE ASSETS ARE ACTUALLY AT RISK AND WHAT IS THE LATEST? EMILY: ACCORDING TO BINANCE, IT'S ALL GOING FINE, ACTUALLY. $6.3 BILLION WAS STOLEN. THAT'S THE LATEST AMOUNT THAT WE KNOW. $3 BILLION HAS BEEN FROZEN BY ISSUANCE. THE ISSUANCE OF THOSE TOKENS CAN STEP IN AND REMOVE THAT. HALF OF THAT HAS BEEN FROZEN. THE REST IS STILL WITH THE ATTACKERS. IN THE MEANTIME, THEY SAY COMPANY FUNDS CAN COVER ALL $6 BILLION OF IT.

THEY HAVE ENOUGH IN RESERVE TO BE ABLE TO COVER ALL OF IT. FOR TOKENS THEY DON'T HAVE, THEY ARE BUYING THEM. IN THE LAST FEW HOURS, THEY SAID THEIR REVENUE FOR THIS YEAR ALONE CAN COVER ALL OF THAT SHORTFALL. SO FAR, IT SEEMS LIKE IT'S NOTHING TO WORRY ABOUT. DANI: EMILY, THE THING I DON'T QUITE UNDERSTAND, AND MAYBE YOU CAN HELP EXPLAIN THIS TO ME, I THOUGHT THE WHOLE POINT OF THE BLOCKCHAIN AND RECORDING EVERY TRANSACTION IS YOU KNOW WHERE THIS STUFF IS GOING.

SO HOW EXACTLY DOES A HACK WORK WHEN SOMEONE TAKES CRYPTOCURRENCY? IS IT JUST FROZEN AND THEY CAN'T ACTUALLY SPEND IT BECAUSE THEY WILL EXPOSE THEMSELVES? HOW DOES IT WORK WITH THE MECHANISM OF THE BLOCKCHAIN? EMILY: THE WAY THEY WERE ABLE TO TAKE IT IS BECAUSE IT IS CRYPTO. IF THEY TOOK IT BY CASH, LOTS OF THINGS HAVE TO HAPPEN. WITH CRYPTO, ONCE YOU TAKE IT, YOU OWN AND YOU CAN MOVE IT TO ANY WALLET YOU LIKE. THAT'S HOW THEY WERE ABLE TO TAKE IT.

THE PERSON LAUNDERING IT, THAT'S A BIT MORE COMPLEX. THE $3 BILLION, THAT'S NOT AN ASSET THEY CAN DO ANYTHING WITH. THE REST OF IT, THEY ARE NOW IN THE PROCESS OF LAUNDERING. THAT'S HOW WE CAN IDENTIFY IT MIGHT BE NORTH KOREAN HACKERS ON THE BEHIND THIS. THEY ARE USED TO SPOTTING THE LAUNDERING PATTERN THAT NORTH KOREA USES AND THIS MATCHES THAT PATTERN. THEY HAVE DIFFERENT LAUNDERING SERVICES. THERE ARE WAYS TO MIX UP THE TRANSACTION PATH OF THE TOKEN TO MAKE IT MORE DIFFICULT TO FOLLOW.

THAT'S WHAT THEY ARE TRYING TO DO. ANY WALLET THAT INTERACTS WITH A STOLEN ONE WOULD BE FLAGGED. YOU MIGHT NOT BE ABLE TO TOUCH THOSE ASSETS BECAUSE YOU WILL KNOW IT HAS BEEN SANCTIONED. IT IS STILL A LITTLE BIT OF A BLACK BOX. IF WE KNEW WHAT THE HACKERS WERE DOING AND HOW THEY DID IT, WE WOULD NOT HAVE A PROBLEM AT ALL. THERE ARE STILL WAYS THEY CAN DO THIS. AND THAT REMAINS A MYSTERY. DANI: THANK YOU SO MUCH FOR JOINING US.