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AT&T pops on HBO revenue, phone subscriber growth

Yahoo Finance’s Dan Howley joins Akiko Fujita to break down AT&T's third-quarter earnings report, as the company sees a boost in both its phone, and HBO Max subscriber counts.

Video Transcript

JEN ROGERS: We are watching crude here pretty closely because it seems to be driving the market here to sell off a little bit. I want to go to Jared Blikre with what's happening with crude. Jared.

JARED BLIKRE: Yeah, I think the market's in sell mode and just looking for an excuse. But here is crude oil for the day. About 12:30, we got some headlines from the Energy Information Association, part of the DOE in the US. Dropped their demand forecast for the US.

I don't see this as a big deal in the big picture. Because I think there are global macro forces at work that are much bigger, such as trying to get an oil cut. Whether or not that materializes I don't think is the point. The point is, this is a headline-driven market.

And here's a look at the S&P 500 today. Been talking for weeks about 27.50 resistance. Well, that's exactly where we opened here. Sold off, came up, and then we sold off again. I just think it's kind of arbitrary what the excuse was. We still have a very volatile, illiquid, event-driven market, Jen.