It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street.

Don't miss a minute of the action.

Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kintanao with Jim Kramer, David Faber, the New York Stock Exchange. Future's mildly positive as stock search for some catalysts midweek here. You got China trade,

election day results, and now some reports of strategic M&A getting more attention. Europe's responding

to some decent Eurozone retail sales, even signs of stability in German factory orders. Tenure

182, Q3 productivity was no good, the first negative print in nearly four years. Our roadmap begins with

the curse of the unicorn, shares of Uber under pressure again. It's post-IPO lockups set to expire.

Plus, we've got that soft bank disaster after division funds nearly $9 billion we-work debacle.

CEO Masa Sun saying his investment judgment was poor. And HP shares rallying ahead of the

bell reports that it's the target of a potential takeover effort by Xerox. We'll talk to David about

that. Start though with Uber. Shares facing more pressure this morning after hitting that all-time

low yesterday. Company reports another billion dollars in losses,

as you know, and now the post-IPO locker period is expiring, freeing up more than a billion

shares for trade, although the take among some, Jim, is that the shares are so underwater. Maybe

the expire doesn't mean as much. Yeah, I don't buy that reasoning. I mean, I think that what matters

on the conference call, they committed to losing money.

Now, they committed to making money in 2021. But the patience level is lost here. I think that this is one of

those stocks where you say, why do I need this? I can buy, and I can name 10 other stocks. And the kinds of

stocks that are going up are value stocks. This is the ultimate of what you're not supposed to buy right now. Because you're going to use a term that's not technical, but it's just not working. I find that I can't come up with a reason. I can't come up with a reason to own it. And that is, I mean, I can come up with the reason to buy Hasbro at 95 when they're offering 10 million shares. Not, well, I'm, you know, a little bit less than 10. I don't, I mention that because it's the other company that has this offering stock today. Look, even if you love it, you got to let it play out a couple of days. When Facebook's lockup expired, you did get a bottom. But you had to wait. So if you really love this company, a lot of people do. Wait a little. Let's see how many people do sell. Do not presume that they're going to sit on that stock and say, you know what, I'm waiting for dividend. You're not going to get that. Do you feel as uncertain about at least the model as you are with Lyft? Is this about Uber? No, because Lyft doesn't have Uber Eats. It's all about Eats. I was trying to figure out, well, is this the time to pull the trigger on Yom? No, they got that problem. I mean, Wendy's looks like the number's better inspected, but I'm just waiting to hear about some problem with delivery. There isn't, delivery is roiling everybody, and people don't really know

what the model is, door dash is a great disruptor, but there's no question that if these guys

announced right now that they're going to leave Uber Eats and they've sold it to Grubbub,

you had a $26 stuff. Maybe more. When public at 45, some argue now the overhang on Eats is $10, maybe $12. You buy that? Yes. Something like that? Yes, because that industry is totally not an industry. It's very rare that you ever see an industry that's really not an industry.

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