I'm John Ford.

You're listening to CNVC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in. Thank you. Good Friday morning, everyone.

I'm Deerboza in Menlo Park outside the newly branded Meta HQ.

Carl is at the NIC and John is at CNBC headquarters.

Today, Apple and Amazon stocks drop after rare misses, supply constraints

catching up to two of the biggest names in tech. Plus, a couple of other sharp movers in

tech as we wrap up in October rally, Western Digital, Lucid Zendesk, and drop the Facebook.

Will the move to Meta, the enough for world peace, Carl?

Dee, we're going to start with Apple and Amazon this morning, of course. Both stocks Facebook will the move to meta be enough for world peace, Carl.

Dee, we're going to start with Apple and Amazon this morning, of course.

Both stocks lower.

Amazon with its first earnings miss since the beginning of the pandemic and Apple's earnings in line.

First time it hasn't beat since 2016 and, of course, sales did miss.

Supply chain was the main drag on both.

Apple says manufacturing disruptions impacted sales by $6 billion, but the demand they say is still there. Amazon, a 20% plus drop in growth, says the company will take on several billion dollars of extra costs in Q4 due to labor shortages and supply chain constraints. You can see the pressure on both names taking out more than 100 billion in market cap between them, John.

But the bullish read, at least on Amazon today, is going to come from the likes of Morgan Stanley,

and that is they're pulling out all the stops, they argue, to make holiday work and that sense of reliability, they think,

well, they have implications not just on competitors for holiday, but how consumers view

Amazon in the quarters that come after that.

Yeah, it makes perfect sense to me, Carl.

And, you know, Amazon can afford to pull out all the stops.

Also, Apple, I guess the bullish case there is,

...