Quick Take: Busy Earnings Week for Banks, Tech

While there's a lot of pent-up demand for a cheaper version of the Model 3, Tesla isn't willing for now to absorb the margin hit that launching such a car would cause.

Here's what you're missing on TheStreet.

The investing icon said the damage done to the U.S. markets on Black Monday happened late in the day, but 24 hours later the panic was over.

Thirty years ago on Monday, October 19, 1987 - Black Monday - the stock market tanked. The Dow Jones Industrial Average fell over 500 points - a 22% decline.

The chip giant's commentary about near-term demand is encouraging for Apple and its chip suppliers, but a little less so for the broader chip industry.