on cnbc. david? >> thanks, sara. now want to get to some breaking news for you exclusive to cnbc and to me. hyatt hotels is in advance negotiations to acquire starwood hotels and resorts in a cash and stock transaction. the talks between the two companies have been ongoing for weeks and a deal could be announced within the next week or two. the transaction under consideration would have the smaller hyatt buying starwood and having its management take control over what would be a sprawling owner of upscale lodging properties the world over. hyatt owns the park hyatt, hyatt reregency, starwood brands include w, sheraton, which contributes as much as 50% of its profits and westin. yesterday shares of starwood soared on reports that three chinese companies were considering making a bid for starwood. people close to the situation tell me that while there has been some interest from the chinese, none of the companies have made an offer. and it remains unclear whether any will. the price being contemplated by hyatt in the n

eastern time on cnbc. back to you. i'm sorry about jumping in on you. >> i'm glad you did that so that people would not be confused that i'm jeb bush. if you'd leerk to write me in for president, that would be fine. here's the thing, brian. the debate now is what is good enough when it comes to jobs. 200,000 is probably more the anomaly. 100 to 150 is something fed officials have mentioned. one thing worth considering. this is rear-view mirror. this statement today is a tacit admission that the fed went too far in over emphasizing global economic developments, that it made a mistake. two things, one, take it off the table for october. i think that was okay. certainly the fed felt like it had lost the flexibility to hike in december. we want to be very careful here not to overdo it. just because of what happened here today, that it's a foregone conclusion. the notion of raising the odds of a december hike where it was practically off the table, perhaps the market went too far. i'll get you the videotape of the last seve

that's the cnbc news update this hour. back to "squawk alley" and kayla. >> a screen for the steering wheel. sounds a little distracting. >> i think it's -- yeah. i'm not sure if i would feel comfortable with that. i'm a creature of habit. i need the steering wheel. anyway -- >> likewise. sue herrera. our thanks to you. >> thank you. >>> founded by tech leaders like mark zuckerberg, bill gates, and rob conway, former.u.s. is on a mission to mobilize the tech community in a bid for immigration reform. let's talk to that organization ahead of tonight's debate. todd schulte. the tech industry has been notoriously vocal or at least before other industries. what issues are front and center for you and for forward going into tonight's debate? >> we are focussing solely on immigration reform, and we have three things we're looking for. first and foremost, we believe immigration reform should fix our broken immigration system. it would make sense for the tech community, and other industries like manufacturing. second, we should ha

cnbc's debate tomorrow night. we begin with the countdown to apple earnings, though, and whether those results after the bell tonight can jump-start the stock. apple shares have lagged. other big techs like amazon, facebook, and google this year leaving investors to wonder what's been going on with the most valuable company in the world. pete, to you

that's the cnbc news update. simon, together with me, awe. >> you can't beat panda pictures. >> you can't. >> why are they always born twins. interesting. >> thank you, sue. >> you're welcome. >> yes. apple is reporting its latest quarterly earnings after the bell tonight. the stock is up slightly today, had a rough day yesterday in anticipation. a lot of focus is going to be on iphone, growth in china and indeed software updates. let's meet the hardware analyst at rbc capital markets. he's optimistic on apple. welcome. >> thanks. >> the main thrust of what everybody seems to be focusing on here is the idea to whether or not iphone sales which is the bulk of the profitability and the bulk of the business, whether we'll see a sequential downturn in sales. do you think that's possible? do you think we'll see that on the fourth quarter projection tonight? >> yeah. you're right. all that matters is what iphone units do. we're more optimistic, we think you'll see flat to low single digit growth out of the iphones in t

cnbc's debate tomorrow night. we begin with the countdown to apple earnings, though, and whether those results after the bell tonight can jump-start the stock. apple shares have lagged. other big techs like amazon, facebook, and google this year leaving investors to wonder what's been going on with the most valuable company in the world. pete, to you first. is this the day that apple gets its mojo back? >> i'm starting to blaef that it is. we started to see some of the folks bringing some of the numbers now. we see some of the estimates down and the price targets down. stocks around 115. can they execute, though? when you go back to a year ago or even last quarter, some of the concerns last quarter was, well, look at some of the i phones. they slipped down to -- doesn't seem like such a bad number. how has the transition really performed in terms of the latest and greatest from apple and are they buying into that? if they are, i think yesterday's read was an overread. we ran all the way up. we were pushing right u

he's going to join us first on cnbc at 7:40 a.m. eastern time to talk about the challenging quarter. squawk returns in a moment. i say we go all in on the internet of things. what we're recommending as your consultants... the new consultants are here. it's not just big data, its bigger data. we're beta testing the new wearable interface... ♪ xerox believes finding the right solution shouldn't be so much work. by engineering a better way for people, process and technology to work together. work can work better. with xerox. 40% of the streetlights in detroit, at one point, did not work. you had some blocks and you had major thoroughfares and corridors that were just totally pitch black. those things had to change. we wanted to restore our lighting system in the city. you can have the greatest dreams in the world, but unless you can finance those dreams, it doesn't happen. at the time that the bankruptcy filing was done, the public lighting authority had a hard time of finding a bank. citi did not run away from the table like some ot

a lot of earnings and the cnbc republican debate tonight. let's check in on futures and what they're telling us ahead of the market open. we have been down each and every day. the implied open is telling us we'll see a bit of recovery today. we're up some six points for the s&p. dow jones industrial is higher by 38.5 points and nasdaq in advance of 16 points or so. >> let's have a look at european markets. also positive as you can see to the tune of about three quarter of a percent for most of continental europe. we have france just below that. germany at 0.7% of gains and ftse 100 at 0.3%. it's partly a little bit of a bounce back from a soft start to the week and also consumer confidence data out earlier today. >> apple beat the street with earnings per share of 1.$9. shares struggle to find direction in extended trade as ceo tim cook said there was no signs of a slow down in one of its biggest markets, china. but overall iphone and ipad sales came in just below expectations. now the other tech giant reporting was twitter and it had a toug

peter is also a cnbc contributor. i want to start with you peter because in the journal today, there was another piece about how, you know, staying at zero causes companies to do things they wouldn't necessarily do and buy backs and doing those instead of doing what companies normally do is definitely held back economic activity. larry sommers was on last week or the week before. i said something about the slightest negative effects for staying at zero, he told me i was engaging in flatter economics and that the demand has been so weak around the world. that's why we needed the fed to stay where it is. nothing that the fed has done or that the government has done has caused this. it was just weak demand. >> right. >> is that true? >> no, it's the money -- >> everybody calls flat -- whenever you say anything they disagree with they call you a flat earther or denying now. >> their models are simplistic. low rates are good. high rates are nout. but that's not how it works. a bank wants to make 300 bases points. they pay

it was cnbc and moody's analytics. steve liesman, we'll hear from you throughout the rest of the day, for certain. after this quick break, our desk debates what stock should be top candidate for your own portfolio, and go pro is down more than 50% this year. in tonight's earnings report open a parachute for investors? we're going extreme investing next. >>> less than six hours to go now until the kickoff to the battle in boulder. john harwood is one of the moderators for cnbc's republican presidential debate. he joins us live from inside the center where all of the action will be happening this evening. john. >> scott, we have just been doing a little rehearsing, getting used to the places at the table. it's going to be a great debate. there's such fluidity in this race. we've seen ben carson move ahead of donald trump in the state of iowa. that introduces a new dynamic. of course, we've had the outsiders. trump and carson, who are leading the polls nationally. you have the traditional candidates governor bush, governo

welcome to "squawk box" here on cnbc. we will get into the debate from all different angles this morning. we will talk to a couple different candidates on the last night. senator marco rubio will will join us 7:20 a.m. eastern time. 8:00 a.m., governor chris christie will be with us. as we do every morning, we will check on the markets and see what's happening. the fed deciding to open that door on a possible rate hike in december. the market is taking that as a vote of confidence. stocks surging, up nearly 200 points. take a look this morning. you will see there are red arrows when you check out the futures. dow indicating down

. >> martin schultz telling cnbc why it's the right thing to provide aid. >> i think we should help them with money. >> so it's the china factor today taking it's toll on earnings really across industries. from consumption, luxury, you name it. >> absolutely right. let's dive into some of the numbers affected. hugo boss cut sales and profit targets on weakness in china. business momentum in asia has deteriorated considerably in the third quarter. so stock off 9% on the news. now china also posed the challenge for france's carrefour. it helped off said weakness in mainland china where sales fell 11% on the quarter. but the offset is what we're looking at. now rio tinto is just above flat. although it also has managed to shrug off fears of a broader slow down it said it's on track to meet full year targets. nestle is off 2% from sales in china lagged for the giant after revenues missed forecasts overall. we'll be speaking to the ceo in just over one hour. >> so we're expecting gdp numbers from china on monday and i guess the corporate world is really concerned about how fast the world's se

it is only right here on cnbc. just ahead, what the major candidates say about an issue on all of our minds, almost all the time. taxes. then we'll talk to a member of colorado's small business community, owner of the largest contract craft beer brewing company west of the mississippi and what he wants to hear from the republicans campaigning for president. he wants to hear more beer, come on. you're watching cnbc, first in business worldwide. ♪ ♪ (charge music) you wouldn't hire an organist without hearing them first. charge! so why would you invest without checking brokercheck? check your broker with brokercheck. start looking for a house? oh did you see that listing on zillow i sent you. you see that bathroom? did we just decide to buy house? i think so. yay! find your way home. zillow. yup, we're constantly making thinkorswim better. here at td ameritrade, they're always working. like a custom screener on your desktop, that updates to all your devices. and you can share it with one click. wow. how do you fi

you can w567 atch it all live h on cnbc, 8:00 p.m. eastern, coverage begins at 5:00 p.m., the pregame. >> mandy, shares of apple are under pressure at this hour as you see down about 3%. the tech giant begins this week shipping its tv set top box device. how big a deal is it? it may be even more important than the ipad. julia boorstin is here to explain the stakes. hi, julia. >> hi, tyler. that's right. well, the new and improved apple tv is available for preorder starting today. the 32 gigabyte version goes for $149 while the 64 gig model sells for $199 with orders shipping by the end of the week. it includes an app store just for that tv as well as a touch remote. while the apple tv itself is not expected to of a huge impact on apple's bottom line, piper jaffray's gene muncer projects it will add 1%. viewing content through internet connected devices jumped 60% in the last year but apple tv's popularity is lagging. it's in third place. that research firm says roku are the most used at 37% followed by google chrome cast at 19%. apple

here is your cnbc news update for this hour. funerals being held across turkey for the victims of saturday's twin bombings in the turkish capital that killed at least 97 people. the bombing occurred at a peace rally. thousands of people in multiple turkish cities paying their respects. it was the deadliest bomb attack this is turkey's history. >>> "the washington post" calling the iranian conviction of james rezaian on espionage charges an outrageous injustice. while announcing the conviction, iran gave no indication what the picket would punishment would be. he reportedly faces up to 20 years in prison. >>> british police removing their officers who were standing outside their ecuadorian embassy in london watching over julian assange. they were stationed outside the embassy 24 hours a day for more than 3 years at a cost of about $17 million. assange is holed up at the embassy to avoid extradition to sweden where he is wanted for rape. >>> pepsi says it's not concerned about the reaction to its new diet pepsi formula. they switc

that's your cnbc news update this hour. kayla, given the fact that he is that popular in that country, i think he has a pretty good run at it. >> i think that's a pretty good bet. sue, our thanks, as always. >>> meanwhile, shares of wal-mart have suffered this week. take a look at how they're doing this morning. the company lowered its earnings forecast and renewed it more than $1 billion commitment to e-commer e-commerce. wal-mart down more than 11% for the week, and our next guest saying the scales have officially tipped from traditional e-commerce to mobile for the future of the consumer shopper. jeff richards managing partner the ggb capital. it's great to have you again. >> good morning. >> why do you think exactly now is the moment that the scales have tipped when we've been moving towards an e-commerce and a mobile commerce economy for years at this point? >> well, we've been moving in that direction for years. i think this is the first time folks outside of sell convalley are seeing large retailers like wal-mart rai

coverage begins 5:00 eastern on cnbc. >>> welcome back. one of the men who will be first to take the stage, the former governor of new york is getting a tour of what he is to expect when the first debate kicks off at 6:00 p.m. eastern time here in boulder, colorado. carly fiorina just walked through the spin room here. it is a bustle of activity. and it all will get under way here in just a little bit. >> we're getting you closer and closer. and we're getting closer to the end of trading here in wall street. we've got matt chezlock joining me here on the trading floor. with highs for the day, going into the close here, we figured out the selloff. >> right. >> but why the comeback, do you think? >> i think it was just a little bit of hedging on their part. we gave them a lot of criticism at their last meeting when they said they weren't going to raise rates for the foreseeable future, and now we say they may come a little bit sooner. so the economy may be a little bit better. i think that's the reason we're seeing the route. we're not so fe

here is your cnbc news update for this hour. air strikes carried out by russian jets hitting a syrian city today according to the syrian revolutionary command council. the group posting a video online which they say shows the strike hitting buildings in that city. >>> a new york medical examiner says a commercial pilot who died in flight earlier this week died of natural causes. 57-year-old michael johnston was flying an american airlines plane from phoenix to boston when he fell ill. his co-pilot landed the plane in syracuse. >>> dramatic footage of a jewelry heist in england back in august. six men used picks, axes, and sle sledge hammers. they stole $45,000 worth of luxury watches. they were arrested by police and sentenced to a combined 37 years in prison. >>> months after winning a national title, harvard's debate team lost to a group of new york inmates. the showdown took place at the eastern new york correctional facility which is a maximum security prison. the convicts can take courses from nearby baird college. they've

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only on cnbc. what if there was a bank that didn't just ask members to save; but also helped them to save? that allowed families to keep more of their money; letting them use any atm nationwide for free. and, because every dollar matters, didn't nickel-and-dime its members with monthly fees. saving them more than three-hundred forty-five million dollars in one year. that would be a different kind of bank. that would be usaa bank. go online to find out more about our free usaa secure checking account today. hi watson. annabelle, your birthday is tomorrow. i'm turning seven. what did you ask for? a princess. and a pony. you like things that begin with p. i like pink frosting too. will you have a cake? yeah. i was too sick to have one last year. the data your doctor shared shows you are healthy. are you a doctor? no. i help doctors identify cancer treatments. i want to be a doctor someday. i can help with that too. watson, i like you. >>> welcome back. andrew is in california today. he's there for the

you're watching cnbc, first in business worldwide. we decided to give ourselves stickers for each feature we release. we read about 10,000 suggestions a week to create features that as traders we'd want to use, like social signals, a tool that uses social media to help with research. 10,000 suggestions. who reads all those? he does. for all the confidence you need. td ameritrade. you got this. when you're not confident your company's data is secure, the possibility of a breach can quickly become the only thing you think about. that's where at&t can help. at at&t we monitor our network traffic so we can see things others can't. mitigating risks across your business. leaving you free to focus on what matters most. two and a half minutes left in the trading session to begin this monday. here is what the dow did, kind of bumped along just underneath the unchanged level, that really wasn't the story. energy was a big story today. wti crude which had lately the last few months had stayed in that trading range between 50 on the high side, 45

he's on cnbc with a new series premiering tonight. mr. wonderful himself, kevin o'leary, reveals the story behind his first car. >> hey, my name is kevin o'leary, aka mr. wonderful from "shark tank." none of that matters because i want to talk about my first ride. it was a 1973 red 2002 bmw. i think i paid $1,600 for it and started fixing it up. i loved that car. find me another one, i'll buy it from you. >> jay leno's garage, series premiere tonight at 10:00, only on cnbc. ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ >>> investors out with its all-america research team, the best of the best in equity research, making the cut again in the airline sector. a senior airline analyst from jp morgan jamie baker. he's been ranked number one for the past six years. way to go, jamie. good to have you here. i'm confused. oil prices are down. airline stocks are down. it's supposed to be just the opposite. what's happened? >> airline stocks stream about the matters like free cash flow. year to date, investors have been

next week's cnbc republican debate. we asked him to look into the various records of all the governors using data for the top space. leading up to the debate, he'll be focusing on the govs and joins us with more. >> polls is change. 17 governors have gone on to be president from thomas jefferson of virginia to george w. bush of texas. seven gop candidates are vying to continue that tradition. some with better shots than others. jim gilmore will not be in the cnbc debate next week, but he's said hooe he's e's said he's ine for the long haul. he claims his administration laid the foundation for the state's leadership as a national technology center. there's no question virginia is a technology hub, and did appoint the nation's first cabinet secretary when he took office. virginia was already well on its way. fortune magazine already dubbing virginia the first silicon valley back in 1994. george pitaki says he wants to do for america what he did as governor of new york from 1995 to 2006. >> we did transfer people from the

landon dowdy at cnbc headquaters. joe biden's decision not to run will likely boost hillary clinton's nomination chances so the attention returns to the republican race because cnbc has revealed the line-up for the upcoming gop debate which it is hosting next week and john harwood has the details for us. >>> now the stage is set literally. with all the polls calculated so is the line-up for the republican presidential debate a week from today in boulder colorado. at 6:00 p.m. eastern time, four candidates, former senator rick santorum of pennsylvania. current senator lindsey graham of south carolina, george pataki of noew york and bobby jindal o louisiana. at 8:00 p.m. there will be ten. with a poll position at the center of the stage, donald trump, retired neurosurgeon ben carson. flanking them, marco rubio of florida and carly fiorina. jeb bush of florida and senator ted cruz of texas. then former governor mike huckabee of arkansas, current governor chris christie of the state of new jersey and on the wings john kai

and the republican presidential debate right here on cnbc. gentlemen, this is our lightning round where we have some questions for you we hope you can answer in 20 seconds or less. and we'll go right down the line on this. governor jindal, we're wondering, what are the three apps that you use most frequently on your cell phone. >> i was just saying to my colleagues, i may be the last person in this audience without an iphone. i'm one of the -- i still have a blackberry in my pocket. and i basically use it for scheduling, keep up with my wife and three kids at home. the only games on that phone are bricklayer. i use it to keep up to the news to the internet. i may be the last american out there -- >> no, i'm with you. i still have a blackberry, too. senator santorum, how about you? >> mlb, nhl, i'm a big sports fan and the "wall street journal." those are the three i use the most. >> the one i use the most is uber. i used to get driven. when i was governor, i had a driver. i don't anymore. >> it was sweet, wasn't it? >> and it's an example of

here is your cnbc news update at this hour. hurricane patricia is now the stngest storm ever measured. the white house says it is closely watching the development of the storm and is in close communication with the government of mexico. the storm is expected to hit mexico's pacific coast later today. >>> at lea people were killed when a truck slammed into a bus carryin retiree on a day trip in the french winecountry. four others were seriously injud. it's the deadliest accident in france in 30 years. french lawmakers holding a moment of silence for the victims while the leaders pay tribute to the victims. >>> the entire fairfield, connecticut, school system was placed on lock don after a man called an elementary school threatening to go to the school with a rifle. shortly after, two high schools received bomb threats. officials believe the calls were connected. >>> the first eve harry potter play will be a magical sequel. harry potter and the cursed child will center on adult harry potter and his son. it begins where j.k. rowli

remind that are debate is tomorrow night on cnbc. meantime the dow is down 40 points, s&p down 6, the vix is higher again on the session, oil is lower, the nasdaq is down 7 points. >> coming up, find out what grade fed chair janet yell season receiving in our latest survey of the top money managers and economists. >> guess what percentage of the nasdaq 100 stocks are hitting 52-week lows. dominic chu will have the answer t may stries you and it's coming up. you pay your car insurance premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™, you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year. there's no limit to how much you can earn and this savings applies to every vehicle on

that's the cnbc news update this hour. back to you, mandy. >> good for her. >> thanks very much, sue. let's take a look at gold prices closing right now. we are seeing a pretty good last few days for gold after that 2.2% jump we saw on friday. we are adding to gains up $9 bucks at 1147. let's take a look at what's happening on the other metals, silver, copper, pauladium and platinum move higher. >> the market the dow is modestly higher. the s&p a little lower. ditto the nasdaq off about .8 of 1%. let's check back with mary thompson with the nyse. >> tyler, as you pointed out on mixed markets, with see weakness in biotech and health care. that's basically the tale today t. s&p 500 index yesterday posted the fifth straight session, it's pulling back having hit key resistance levels. among the sectors we are watching, as i mentioned health care under pressure and biotech consumer discretionary as well. energy and materials are moving higher. they have been strong ever since the opening bell. dupont, of course, higher on the n

let's go out to landon dowdy, cnbc hq. the focus this week of course is on the tech giant. >> that's exactly right, wilford. hot stock to watch this morning. apple rolling out the latest high tech gadget. newest version of the apple tv will begin accepting online orders starting today. the new set top box will start at $149. faster processor, revamped touch pad and own built-in app store. the apple tv first debuted at the global wsjd conference in california. tim cook says it is slated to start shipping by the end of the week. while analysts aren't expecting them to have a near term financial impact, it could be a critically strategic story to watch and could be more crucial than the ipad. investors will be paying especially close attention to apple as the tech giant gears up to report fourth quarter earnings after the bell. looking for earnings of $1.58. with the tech heavy nasdaq surging past its key 5,000 mark last week, a positive earnings surprise could push the index soaring to new heights. enjoying 12 straight quart

let's get the details at cnbc headquaters. he is a u.k. ceo. i'm just saying. >> good morning to you. that's right. investors are loving it at the golden arches. mcdonald's soared past earnings projections delivering adjusted quarterly profit of $1.40 a share. the biggest contributor to the index. shares of the stock gross more than 8% and hit a record all time high. that's much needed relief for the chain that struggled to stay relevant in the quickly evolving consumer landscape the past few years. many investors saying the ceo is to thank for what could be a major turn around since taking the reigns just 7 months ago. they implemented several initial tifs such as antibiotics in it's chicken supply. this is helping refresh mcdonald's image. same store sales jumping nearly 27%. a huge reversal after sales plummeted 23% last year on a food safety scandal revealing a supplier sold expired meat to american fast food companies including mcdonald's. revenue was 5.3% during the quarter. that's still an improvement compared to the drop in q-2. investo

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for cnbc business news, i'm aman javers in washington. >> also the site of stunned faces. the front runner in the contest bowed out of the race in dramatic fashion. u wouldn't take without checking the side effects. hey honey. huh. the good news is my hypertension is gone. so why would you invest without checking brokercheck? check your broker with brokeck. want bladder leak underwear that try always discreet underwear and wiggle, giggle, swerve and curve. with soft dual leak guard barriers and a discreet fit that hugs your curves. so bladder leaks can feel like no big deal. get your free pair and valuable coupons at always discreet.com >> a recent study by citizens advice found that 1 in 7 18 to 34-year-olds in the u.k. were unable to see a gp the last time they tried to make an appointment. another 14% did not see or speak to a health official following unavailability of a an appointment. they're looking to fill that void. >> technology is this bridge between this old world where there's doctors and hospitals and this new world of technology. i book everything. my flight

here at cnbc october 28. coverage starts at 5:00 p.m. eastern time don't miss a moment of t. >>> it's a black eye in big pharma. shares of ely lilly getting slammed after they announced they will stop development of a key cholesterol drug. >>> and jessie ventura, never shied away from speaking his mind. the former minnesota governor now saying corporations own the government. he will join us on set. here is the new york stock exchange to explain later. you're watching cnbc first in business worldwide. re stored. with centurylink you get advanced technology solutions from a trusted it partner. including cloud and hosting services - all backed by an industry leading broadband network and people committed to helping you grow your business. you get a company that's more than just the sum of it's parts. centurylink. your link to what's next. some really tough news out of ely lilly on one of the company's key cholesterol drugs sending the stock down almost 8% today. me go terrell has the details for us. >> this news really rippling across the

that's the cnbc news update this hour. back to you, brian. >> my dad bought an apple 2 plus in 1981. cost like a couple grand, basically every dime we had. it did nothing. i wonder what that would be worth now. >> i don't know. you should find out if he still has it. >> i don't want to know because probably the fit bit on my wrist does more than that computer does. >> yeah, but memories. anyway. >> sue, thank you very much. >>> let's go to the nymex where we find bertha coombs covering oil today. >> we're not going to close anywhere near $80 as your guest is proposing oil will go to. today between the strong dollar and the weak data coming out of china, china's gdp with a 6.9% growth print, that just continues to cast doubt about the demand in this market. add to that the fact that we've got more supply coming on an already oversupplied market. iran securing 500,000 barrels a day in sales. back to you. >> all right, bertha coombs at the nymex. thank you. >>> well, is oil really going to go to 80 bucks next year? let's brin

that's the cnbc news update this hour. back to you guys down at the ny nyse. >> thank you very much, sue herera. >>> want to show you what's happening with the major stock market indices. we're negative on the dour and the s&p just barely though. really small moves, fractionally higher on the nasdaq which is masking what has been a very strong week overall for stocks. >> very good week for stocks. and it's interesting the dow just turning negative. it has been up most of the session but what we're seeing today is a change in leadership. energy was among the best -- it is the best performing sector this week taking a breather today as some investors take some money off the table. so energy is lagging. materials though and industrials continue to lead. let's take a look at some of the dow movers in today's session. goldman sachs lower ahead of its earnings report next thursday. intel and exxonmobil also weaker. apple one of the few winners among the dow 30. the week's best performers, dupont, ge taking a breather today, but

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that's the cnbc news update this hour. back to "squawk alley" and carl. >> maybe they can monotize the lost and found element of twitter. thank you, sue. >>> the start of the crown user, the mayor of their local coffee shop and restaurant is now putting all that information to use in a new way. look at this video. four square used its data to predict a number that many on wall street were closely watching. that's the number of new i phones sold in the first weekend. how does this predicted data work? here to explain it, ceo dennis crowley joins us and the company's coo jeff glick. seems like a natural for what you do. tell us about how the iphone deal went down. jeff. >> right. well, we took a look at the data from china to the u.s. and 100 more companies, and it turns out that walking into an apple store is a pretty good barometer of interest in buying an iphone. wall street had it closer to -- >> basically the topic -- and you guys ended up being right. do you sell this as a service? >> sure. everyone knows us for these

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let's get out to landon live at cnbc hq. >> good morning to you. first data price last night at $16 per share below 18 to $20 a share. the company raised $2.6 billion and plans to use the proceeds from the offering to pay down debt which totalled $21 billion at the end of june. first data will begin trading today at the new york stock exchange under the ticker symbol fdc. meanwhile, albertsons did not price last night. they signs concerns over current market conditions. the company will reattempt to price today after the bell. early indications at 17 or $18 per share well below the planned range of 23 to $26 a share and last but certainly not least, square files for ipo. the company plans to trade at the new york stock exchange under the ticker symbol sq. perhaps troubling numbers in square's filing though while the total net revenue grew to $500 million in the first half of this year. square saw a net loss in that same time period and are investors still eager to invest? we will soon find out for ourselves. back over to you. >> landon as ever, tha

michelle caruso-cabrera. >> time for a cnbc news update. tyler matheson has that. >> i thought i was mr. worldwide. i don't know where i went wrong chlgt here is what's happening at this hour. in a senate hearing committee members are expressing skepticism about how much they could help debt ridden puerto rico. democrats urging the treasury to do more on its own while republicans are quizzing the governor on it's fiscal -- >> government investigators squarely blaming the epa for a 3 million gallon wastewater spill from a colorado guide mine back in august. it said a clean up crew rushed its work and that triggered the blow out the crew hoped to avoid. lumber liquidators has pleaded guilty to environmental crimes related to its importation of illegally sourced wood products. it has agreed to pay $13.2 million to end that particular federal investigation. >>> nike will open its first ever michael jordan store in chicago on saturday. fans are already outside camping there to be the first to get in. it's going to sell merchandise with the trade

and that is the cnbc news update this hour. back to you, ty, and he's always entertaining, to say the least. >> always fun. a real character. that is great. seema, news alert. >> want to draw your attention to shares of valeant pharmaceuticals. shares are halted pending news. at the time the stock was halted, the stock was down nearly 40% on a short seller's report. we'll have to see what the news is, but again valeant shares at this point are halted. >> whoa, that's some fall there. thank you seema. let's look at the markets right now. holding onto some gains. earlier today they were up above 17,300. right now at 17,225, basically flat right now. the nasdaq is down by 0.75% and the s&p 500 off a little less than 0.5%. let's go to bob pisani at the new york stock exchange. >> i'm here at the post. valeant pharmaceuticals. see the crowd here. valeant has been 4589halted fors pending. we had a short seller making allegations about a relationship with the specialty pharmaceutical pharmacy earlier today. we're waiting to see what,

cnbc, wednesday night, "deals and wheels." then jay leno's garage, all new, wednesday at 10, only at cnbc. >>> the commodity rally we've been experiencing has been nothing short of breathtaking. that's why it's time for a reality check on what's really going on. it's almost too good to be true. maybe it is. first an economics lesson. commodities rally for two reasons, short supply or excess demand. you can have one or both. either can propel the price of the commodity itself and the companies that exploit them. you have to go back to 2008 to see a commodity rally like this one, when china created more demand that could not be met by suppliers no matter how hard they tried, leading to price increases for everything. halcyon days for every commodity from copper to oil to zinc. didn't matter. nickel, lead. producers realized they had to ramp up to meet china's insatiable demand. almost every executive in these industries bought into the notion that china would grow to the skies. you started hearing about supercycles for almost al

this is cnbc first in business worldwide. i'm becky quick along with joe kernen and andrew ross sorkin. let's check out the u.s. equity futures. they have been lower. you have to be this comes after some big gains even on friday over the last week. over the course of the week the dow was up by over 400 points, a gain of 2.5%. this morning it's giving back 31 points. s&p 500 is down by five, nasdaq is down by 10. >> the fed kick off a two day fed meeting tomorrow. they are putting out mixed messages since the september meeting. janet yell len and vice chair say the fed needs to raise interest rates but governors publicly warning that risks to economic growth that suggested rate hikes should wait dissent of course is not unusual. no fed governor has voted against the chair since 2005. also on our watch list this morning top members of china's ruling communist party meeting this week. china's leaders will focus on financial reforms and how to maintain economic growth and one more for your calendar the next gop debate is on this

you're watching cnbc first in business worldwide. but up next morgan brennan looks business worldwide. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> for 20 years the last three months of the year have been a boone to a handful of stocks consistently outperforming all others. >> morgan brennan joins us to tell us what companies those are and why they do so well. >> so it's been a tough year for industrials with the s&p sector down about 5.5, 6% this year versus the broader indexes 1% decline. here is the good news, historically these stocks industrials, tend to out perform in the fourth quarter. dating back to 1995 the industrial sector has on average returned 6% in q4 versus the s&p's 5%. now, the stocks that tend to pop perhaps not so surprisingly many of them are transport names, that stand to benefit from the holiday peak seas

he was a frequent guest here on cnbc. staples has given cnbc this statement. "tom was a a activisionary who invented the super store and his entrepreneurial spirit and legacy will live on through the many people he inspired." tom stemberg dead at the age of 66 from gastric cancer. scott, back to you. >> sad news. next up on "the half" we'll be joined by this hedge fund up and coomber adam we eiden. he will tell us how he is averaging returns of 29% since that fund's inception. back after this. eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed

that's our cnbc news update. back to you, sara. >> thank you very much, sue herera back at hq. >>> we mentioned apple reporting after the bell tomorrow. it's also the top holding for goldman sachs active beta fund, an etf that just launched. here this morning is steve sachs. in honor of this new etf. apple 3%, microsoft 1.5%. what's the strategy? what's smart beta mean exactly? >> it's the goldman sachs active beta u.s. large cap etf. it is our entrance into the smart beta category. we have taken four factors, value, momentum, low quality -- high quality, low volatility and combined them in a portfolio based on the u.s. large cap index tilting towards those attributes, the opportunity to outperform the market at a low coast. >> it's in contrast to some etfs that are weighted by capitalization according to the s&p 500. how has this been doing? >> it's done well. the large cap fund is almost at 100 million in assets in the first couple weeks. the emerging markets fund has raised nearly 200 million in assets. the fu

a cnbc exclusive in just a moment. i asked my dentist if an electric toothbrush was going to clean better than a manual. he said sure... but don't get just any one. get one inspired by dentists. with a round brush head. go pro with oral-b. oral-b's rounded brush head cups your teeth to break up plaque, and rotates to sweep it away. and oral-b delivers a clinically proven superior clean vs. sonicare diamond clean. my mouth feels super clean. oral-b. know you're getting a superior clean. i'm never going back to a manual brush. >> phil lebeau working through this in chicago. hey, phil. >> hey, carl. an increase of 0.6% in september sales for volkswagen might be a bit of a surprise. for the last two weeks, basically for the month of september, dealers for volkswagen could not sell clean diesel models because of the stop sale order, because of the rigging emissions and the software of those vehicles, and many people said, look, nobody is going into these vw dealerships. they did sell vehicles last month. in fact, their sale

that's the cnbc news update this hour. let's go back to you guys at the nyse. >> a two-seater to boot. >>> a recent financial turmoil has made people in this country more negative in their outlook to the stock market. steve liesman is back at hq with the exclusive results from the cnbc all america survey. good morning. >> we've been talking about this decline in optimism in the united states when it comes to the overall economy. one clear reason for it from our survey is the decline in attitudes towards the stock market, the recent volatility, the resent plunge in stocks taking a toll on america's views on the economy and also on wall street. look here at what's happened. we separate this into two groups. one is all adults. you can see they're down near some of the lowest levels, about whether or not this is a good time to invest in stocks. just 33%. a pretty good plunge from the june survey. we also have the financial elite, those with incomes up over 100,000 and more than 50,000 in the stock market. they came down as wel

that's the cnbc news update this hour. back to you, scott. >> sue, thank you so much. >> take a look at the markets. want to show you once again that the dow is up better than 300 points. the gain of 1 3/4%. >> jeff sherman -- with mr. gundlock. jeff here today. good to see you. we mentioned you started in may of 2015. you must like walking into the fire or something. it's something that we've been investing in in our macrofunds for many years. it's just time for retail investors to have access to the sector, and we want to bring expertise to that area. >> do you have a long of long exposure obviously to the space. where are we in this area? >> this can achieve diversification. the fund that we've created is not just long only. it does have the ability to short certain parts of the market, and we think that brings more diversity and gives you other opportunities as well. snoo what's attractive right now to you in this space? >> well, what i prefer if i have to pick a single sector is really the agricultural sector right no

these folks at cnbc, they had it down to three and a half hours. i just read in "the new york times," $350,000 for a third-second ad. nobody wants to watch three and a half or three hours. it was a big sacrifice. we have to hand it to ben, he was with me 100%. we called in, we said we're not doing it. they lost a lot of money, everybody said it would be three and a half hours, including them. and in about two minutes i re-negotiating it down to two hours so we can get the hell out of here. not bad. and i'll do that with the country. we will make america great again, and thank you everybody. >> just for the record, the debate was always going to be two hours. >> senator rubio, that was not right. you know that that is not right. >> senator rubio -- >> america doesn't owe me anything. i have a debt to america i will never repay. this is not just the country i was born in, this is the nation that literally changed the history of my family. my parents were able to give me the chance to do all the things they never did. we call it the america dream. alt