Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Thursday and what’s on the radar for Friday’s session. Tesla This evening the vote tally came in and shareholders approved the pay package that gives Elon Musk $1 trillion if the company hits several metrics. Tesla stock closed down 3.5% on Thursday. It is now 8.7% from its December 2024 high. In the last three months, the stock is up almost 40%. In order to get that trillion-dollar payday, Musk has to bring Tesla’s market cap to $8.5 trillion. Right now, it is just under the $1.5 trillion mark. He also has to deliver 20 million Teslas, a million Robotaxis and 1 million humanoid robots. Prediction market makers already have a contract up. As of tonight, about 53% say he’ll hit the trillion-dollar mark by 2029, 58% say before 2030. We’ll be watching. Oracle CNBC’s Seema Mody will take a close look at Oracle on Friday. The stock is seen a very steady downturn, now nearly 30% from its Sept. 10 high. Mody will report on what’s happening at the company and to the stock and what has to happen to turn the ship around. ORCL YTD mountain Oracle shares year to date. Volatility As CNBC’s Morgan Brennan pointed out Thursday on “Closing Bell: Overtime,” the S & P had no drops of more than one percent between Aug. 1 and Oct. 10. Now we’ve had two in the last five sessions. The S & P 500 dropped 1.12% on Thursday. It is down 2.5% since Oct. 29. The Cboe Volatility Index is up 15% in a week. The airlines CNBC auto and airlines reporter Phil LeBeau will interview American Airlines ‘ CEO Robert Isom Friday on “Squawk Box” with Becky Quick, Andrew Ross Sorkin and Joe Kernen. The company, like the rest of the airlines, is trying to figure out new scheduling realities after the Federal Aviation Administration cut 10% of flights in 40 of the country’s biggest airports as we move into day 38 of this shutdown of the federal government. The stock fell 2% on Thursday. It is 31% from the January high, but up 11% in a month. The Nasdaq Both the Nasdaq Composite and the Nasdaq 100 are 4% from their Oct. 29 highs. The Nasdaq Composite is set to break three straight weeks of gains. This could be the Nasdaq’s worst down week since April 4, when it fell 10%. .IXIC 1M mountain Nasdaq over the past month The Great American Consumer Four big names hitting new lows on Thursday: Chipotle, Conagra, Clorox and Procter & Gamble. (Thanks to data team guru Chris Hayes for the stats and facts.) Chipotle is back to March 2023 lows. The stock is down 27% in a month. Conagra is back to December 2010 lows. The stock is down almost 11% in a month. Clorox is back to August 2015 lows. The stock is down 10% in a month. Procter & Gamble is back to December 2023 lows. Shares are down 3% in a month. Before the bell KKR reports Friday morning. The stock is down 17% since last reporting three months ago. KKR is 30% from its Jan. 31 high. Wendy’s is down 12% since last reporting three months ago. The stock is down 57% in a year … where’s the beef? Eli Lilly Eli Lilly CEO David Ricks will join “Squawk Box” Friday morning. President Donald Trump announced a deal Thursday with Eli Lilly and Novo Nordisk to cut prices in the U.S. for weight loss drugs. Lilly stock was up 1.3%. Shares are just off this week’s 52-week high. Tariff talk with Tom Rotunno What we learned today: Tapestry reported earnings this morning, beating Wall Street’s expectations for quarterly earnings and revenue and posting double-digit sales gains in North America. It also raised its full year outlook. Still the stock sold off over concerns about its holiday outlook. The company has flagged significant tariff challenges. The parent of luxury brands like Kate Spade and Coach cited “tariffs and duties” as a 230-basis point headwind to gross margins in fiscal year 2026 and put the total dollar impact at $170 million. In an interview with CNBC’s Sara Eisen and Carl Quintanilla on “Squawk on the Street” Thursday, CEO Joanne Crevoiserat remained upbeat, saying, “We see the ability to fully mitigate tariffs in fiscal year ’27 and beyond, where we’ll begin to grow gross margins.” Even with today’s 9.6% selloff, Tapestry shares remain the best performing S & P Consumer Discretionary stock year to date, up 51%. What we may learn tomorrow: Friday morning we’ll get earnings from construction firm Fluor. When it last reported in August, CEO Jim Breuer noted the company has “seen more clients continue to take a wait-and-see approach” and “in a few cases, we’ve seen project cancellations or extended deferments” with tariffs and trade uncertainty cited as one the reasons for the cloudy outlook. A prior weak earnings report and lowered guidance led to Fluor’s worst-ever one-day percentage drop of 27%. The stock is up 1.5% in the last three months and down 9.6% year to date. However, some see the company as a potential beneficiary of the AI data infrastructure build out . Of the 11 analysts that cover the stock five have it at a buy and six have it at a hold, according to FactSet. The mean target price $49.88, implies 10.5% upside. FLR YTD mountain Fluor stock year to date
