Tech scare trade hits Nasdaq futures while crypto reels from its biggest-ever hack - CNBC

Hello, this is Leonie Kidd with today's edition of Morning Squawk.

It's a Friday fright for markets before Halloween has even gotten underway. 

Tech is taking another beating, dragged down by more earnings disappointment from Amazon and Intel. 

But the real scare of the day? The biggest heist in crypto history. Binance is reeling from a hack that is impacting an unprecedented $6.3 billion, with fingers pointing at a state-backed actor. 

Friday looks set to be the worst session of the week for the Nasdaq. Huge declines for some of the biggest names in tech have compounded through the week, pushing the index deep into the red.  

A double miss on both EPS and revenue overshadowed the fastest growth for AWS in five years. Shares are deepening their after-hours losses, trading down over 7% premarket. 

Intel was an even bigger shock to investors. 

Shares are plunging 25% in premarket trading after the chipmaker issued weaker guidance for the fourth quarter, warning of continued softness in the PC market. 

Binance has been hit by the biggest-ever crypto hack. 

In the early hours, the world's largest crypto exchange revealed that a security incident had impacted $6.3 billion in assets. 

Bitcoin fell below $78,000 on concerns over the breach, with Binance freezing $3 billion in assets, while Circle froze $800 million and Tether froze $1.56 billion related to the hack. 

CNBC's Morning Squawk recaps the biggest stories investors should know before the stock market opens, every weekday morning.

There are some huge premarket movers, with double-digit declines for some mega-cap stocks. 

Intel is leading those declines, down over 25% in early premarket trading.

Reddit is also falling over 20% after the CEO warned that total daily unique visitors could fall by a double-digit amount in the fourth quarter.

Amazon is still under pressure, losing over 7% in premarket trading. 

Alphabet shares are flat after losing over 12% during Thursday's trading session.

Meanwhile, there is also heavy selling related to the Binance hack. 

Circle shares are lower by over 5% in early trading, while the Proshares Bitcoin Strategy ETF and iShares Bitcoin Trust are also lower. 

It's a big day for energy stocks, with both ExxonMobil and Chevron reporting earnings. 

Chevron has topped third-quarter forecasts on solid downstream performance, sending shares higher in premarket. 

ExxonMobil is forecast to log a 112% jump in EPS, after CEO Darren Woods said, "The second quarter was shaped by disruption, but defined by execution." 

President Donald Trump and Vice President JD Vance canceled several planned appearances across three states, in the final days of a midterm campaign that could see Republicans lose control of Congress.

Trump canceled two weekend rallies in Kansas and Iowa and will instead hold a flurry of tele-rallies, addressing voters by phone. The Republican National Committee said the president would reach at least 19 states in a "72-hour sprint" before Tuesday's elections.

The canceled stops were part of a midterm blitz in which Trump said he would travel to 35 locations to boost Republican turnout. He had been scheduled to appear in Kansas on Saturday and Iowa on Sunday.

— CNBC's Robert Hum, Kate Rooney, Jordan Novet, Arjun Kharpal, Jason Gewirtz, and Anniek Bao contributed to this report.