tom: carl, safe travels. carl weinberg with high frequency economics. we will continue with mr.r a. we will cover -- nicholas heymann, thrilled to bring you nick heymann, the new industrials general electric. stay with us. from london, "bloomberg surveillance." ♪ the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. tom: fencing, i will bet you $100, -- francine, i will bet you $100, mets over the cubs. we need to go to the home of the new york mets and get our news. that would be with vonnie quinn. there are other new store is making our topless. the refugee crisis -- angela germany and francois hollande of france met with other european leaders in brussels. to slow wa

carl weinberg and dominic konstam. tomorrow, look for coverage of bloomberg markets most influential summit convening financial leaders in hong kong, london, and new york for a day of conversation. that's live tomorrow. from new york city this morning, with dominic konstam and carl weinberg, this is "bloomberg surveillance." tom: good morning. "bloomberg surveillance." down futures of 93 this morning, the healing market off the shock and always all friday. ofht now the shock and awe headlines with vonnie quinn. vonnie: the u.s. plans to turn up the heat on the islamic state in syria. the american led coalition will open a major front in the northeastern part of the country. pentagon obama led the to give ammunition and weapons to syria and rebel forces. the death toll in south carolina is now seven after widespread flooding. major roads are closed and thousands are without power. part of the capital got 18 inches of rain and forecasters say up to six more inches could fall today. changes investor wants at general elect

great to see you, carl. carl: thank you. liz: carl cameron. your dvr for the fox business republican presidential debate november 10th in milwaukee, wisconsin. your focus. we've got it. this is the business network, focusing on the economy, the money, anything that matters to you. >>> closing bell, 15 minutes away. peter barnes had a market moving interview. why are we down 147 points? his exclusive guest, a fed voting member said something. he's going to join us next on "countdown" to tell you what that was. it's what sparks ideas. moves the world forward. invest with those who see the world as unstoppable. who have the curiosity to look beyond the expected and the conviction to be in it for the long term. oppenheimerfunds believes that's the right way to invest... ...in this big, bold, beautiful world. approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medic

carl, thank you. >> okay. >> it's carl icahn. we're back right after this. awe believe active management can protect capital long term. active management can tap global insights. active management can take calculated risks. active management can seek to outperform. because active investment management isn't reactive. it's active. that's the power of active management. >>> that does it for us today. "power lunch" begins after this short break. turns romantic why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasti

the big money game of politics has a new entrant, if you lshgs this morning, carl, and that is carl icahn himself. we do have calls out to mr. icahn for further comment on this very provocative letter that he has sent to every member of the senate finance committee. every member of the house weighs and means committee, and he is waiting for response. he is clearly has it set in his mind that he is going to push this issue and try to get it through before the end of the year once the political campaigns for the presidency really start to pick up steam. carl. >> it's going to be part of those discussions too, scott. tell you what, i'm just struck by icahn's evolution in terms of his willingness to be vocal. the video aimed at investors regarding high yield and etf's in the markets at large, and now this. i mean, this is a departure for him over the long-term, isn't it? >> i think that -- i think you have referenced this before, too, carl. he views himself i think very much at this stage of his career as the elder statesman, if you will, who has almost a duty to speak out on various topics t

what is your take on that, carl? you're a free markets guy. >> i'm not saying i agree with him on everything. i will just tell you that my points we have to do something about the corporate, the corporate governance of this country. and, we have to do something about the political quagmire we're in. if you're going to bring special points like free trade, i don't think donald is saying -- i don't want to speak for him. i'm not a political animal. so i'm not going to get into these questions. of course i have my opinions on them but the things that feel i know best is corporate america and i think we've got a problem. we got a problem with companies leaving this country. i think it will accelerate if we don't do something about repatriating money in and giving a fair share. trish: are in other words incentivize them to stay here? >> that is not a thing i know about. i feel a lot of that is going on. many jobs will be lost. that is something government should do. when you talk about free trade, i don't say i agree comp

carl icahn sets up a $150 million super pac to push congress to reform corporate tax. >> let's check in on u.s. futures. on this thursday morning we have a higher call from markets. the s&p 500 the implied open is telling us we'll be up maybe two points. dow jones industrials should be gaining by 20 points. we're pricing in close to 10.5 points. it's a mixed picture out there. the ftse 100 here in the u.k. we're down .5%. meantime the german dax minimal games. the cac 40 in france not going anywhere and the ftse mib pretty flat. the follow through thate saw from the asia session. let's take a look at individual stock movers and strg demand, yes, strong demand in europe and china boosting profits at daimler. logging record sales in the third quarter driven by new model launches. we also have swiss pharma giant roche in the news after beating targets on the first nine months of this year. the ceo said he was positive on the company's drug pipeline in the future and publicis, the ad company is cutting it's 2016 sales target after third quarter revenues took a hit of weakness in the u.s.

nelson pelts is an activist like carl icahn. his firm is taking a $2.5 billion stake in the company, making it their large rest investment to date. peltz, who has had a lot of success being an activist in other companies, said he found the company to be undervalued and underappreciated. peltz's company joins firms like vanguard, t. rowe price in holding one of the top institutional investor spots. but we bring in charlie gasparino on the subject. can he make a difference in how sort of -- and how sort of vicious will he get? >> well, we should point out that on your show back last year, in march, we talked about nelson pelts was talking with jeff immelt about activist investing and how they might go after ge. liz: right here on the show. >> you can go to foxbusiness.com and pull down the clip. obviously prophetic in the sense that now we have peltz making a stake, taking a stake in ge. and i will say this, this is not the usual activist stake. usually the activist stake is one of contention, right? i think what you have here, at

kate. >> that's right, carl. stock has been halted for a little while now pending news and they have just put out an announcement to say they're announcing the closure of the fortress macrofund. a lot of talk about this in the last 24 hours. this is a fund originally founded in an earlier version in 2002. >> he will retire by year's end, and it also says the repurchase of shares at a price of $4.50 will reduce the dividend paying share count by 13% related to all of this. three important components there. confirmation that a key fund is closing. mike novogratz to retire at year's end, and one can assume the terms of that departure are affecting the dividend of the company. we're likely to see a strong reaction in the market i would guess, carl. >> let's bring in our own eric. we're going talk about a number of things, but, first of all, eric, you used to work at fortress. what's your reaction to these headlines we're seeing out of that? >> well, it's a sad day for someone like me because i used to work there and

i am going to get carl riccadonna fired up. carl riccadonna is with us today, and also kate moore.f the nation -- here is the 10 year moving average. we are down 39% in our nominal gdp in 2006 before the crisis, and we have gone whammo on nominal gdp during we begin with carl riccadonna and kate moore. does anybody at the fair -- at the fed care about the animal spirit of the country echo carl: absolutely. we see the growth heads downshift. the question is whether that is a new normal or a long and enduring hangover after the financial crisis. i believe it is the latter, but animal cares about the spirits because this is relevant in two regards. employers are cautious after the events of late summer, reining in the pace of hiring. that is a ticking time bomb for other parts of the economy. households are registering the downshift in hiring, and they have reduced animal spirits as reflected in the latest consumer confidence report yesterday and also in the latest retail sales results. tom: kate moore, i learned in a finance book that nominal gdp directly affect equity prices. do we

>> carl, nice tie/shirt combination as always. i'm a collector of strays, my thoughts go to the kitty table. do you think anybody at this point is going to break out from this table any more. if not, is it time to fold up the card table and put it in the garage? >> it's very difficult for them to get any attention and obviously they only occasionally do when something sort of extravagant happens in the so-called undercard. the rnc has been talking about s process through quite some dime and it is entirely likely that the next few debates there will be a great discussion about whether there will be an undercard or whether some of those people got cut. don't forget, the former virginia governor jim gilmore was dropped off the second-tier table two debates ago. he's still out there campaigning. he hasn't dropped out. he's got the stool in the kitchen. the kitty table and the real table. gilmore's in the kitchen sitting on a little stool. >> with lincoln chafee. >> he can't even complain about a green room, he ain't got one. >> carl,

. >>> carl quintanilla is out. john is live at wal-mart in san francisco fresh off oracle, and simon hobbs yet again. simon, great to have you. john steinberg, ceo of the daily mail north america is here as well. we are going to get a walk-up to the debate in just a moment, but john steinberg, what are you watching tonight now with trump seeding the lead in the recent poll to ben carson? >> i'm really watching for the experience to see how twitter plays it with moments, and what snap chat does as well. for me it's always a question of what are the stand-out moments that get repeaed and recycled again and again, and that pushes the candidates even more into a soundbyte state of mind because they know they get that extra play. >> interesting to hear carl say he will not be tweeting and moderating for once. >> fair enough. i mean, it's -- yes. >> i'm waiting for a guy. i don't have any idea outside of -- such an important evening now for jeb bush. this is the guy that we all thought in all the political pundits though

carl, of course, china, the big story.espite the fact that kfc and taco bell, same store sales, came in better than expected across the board. >> pizza hut apparently the problem over there, which i found interesting. we'll talk more about that later on. when we come back, he was rated the number one analyst in 2015 by institutional investor from burnstein. he will give us the top picks. for a good read on iphone sales, check out four square. ceo dennis crowley will join us to explain why, and he is a legend in hollywood working on projects like a beautiful mind and arrested development. oscar winning producer brian grazer will join us live. don't go away. icine icine 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 brokercheck. suffering from ringing in their ears, there's no such thing as quiet time. but you can quiet the ringing with lipo-flavonoid, the number-one doctor-recommended brand. relieve the

our own carl quintanilla live from boulder this morning. carl, it's good to see you in this. have been preparing. >> well, a lot of it has been going down to that amazing set that our producers and team have constructed. just an amazing setup. the beautiful light. obviously room for the ten lecturns and getting used to all the audio and the fact that we'll be in a room with about 1,000 people or so. we have worked our way through a lot of the policy prep that we've been in for obviously several months. now it's more about logistics and keeping it to time, making sure we get to all the topics we want to discuss. >> this has been like jumping on to a moving train. >> anything in terms of format in terms of the time that the candidates have or follow-up? is there going to be a program that you fooiz follow in terms of trying to get them to answer questions? >> yeah, for the most part it is -- it's one minute answer. >> there's not a lot that you'll be able to do in terms of wool. we'll be listening very loefl for their comments about taxes, about jobs, about housing, about the f

rick. >> good morning, carl.ten, anybody who has looked at the equity markets of late and we'll show some charts month to date, whether you are looking at the s&p, the do, the nasdaq, especially the dax, we can see there's moon shot activity going on. has there been a great invention? has netflix signed up everybody in italy? what's going on? i don't mean to dismiss. there have been some positives on the fund mental side like amazon. there's been positive stories out there. the backup swren raters have kicked on. let's talk about this. let's go through some numbers. i've used them a lot. you can never overuse them. $7 trillion is how much debt the schinz had before the crisis. trillion. did i say b. definitely a t. we are closing in on $60 trillion in terms of what we've pumped in, okay? now, here's the deal. anybody who has had a backup generator understands that when the lights go out it's nice to have a backup generate over, but in this case the backup generator is what i would call stimulus. in the real econo

they'll all be on stage here tomorrow night in boulder. >> thanks, carl. here with reaction from the "weekly standard" steve haste, charles hurt and juan williams. there's no doubt, charles, that there's momentum, potential in iowa which i would argue is probably not donald trump's best state. this is a state that mike huckabee won and rick santorum won, they didn't win a nomination. including "the new york times" still has trump ahead 4.8. don't you have to look at the aggregate? >> i think so.

carl: it is where they run off the cliff and look down and then fall. michael: we were talking about that consumer -- matt: we were talking about that consumer spending issue with cars and some say it is about sub prime financing. this is a guy who at least on the car side definitely should know. let me ask about interest rates. a lot of people are starting to feel like maybe jim b on go is right. anco is right, maybe the fed is never going to move? michael: japan is japan, they were too slow. rates fromutting earlier from 5% down to 0%, and policy forto the 0% a long time with a lot of guidance, and they also went towards quantitative easing. that is the reason that we are not comparing ourselves to japan, and the fed is trying to keep october as a live meeting, but october is not happening. if the fed will continue to stumble -- matt: we are not talking about a rate increase, right? we are talking about qe4? michael: the problem with janet yellen is that they sort of tax themselves into a corner here because the data does not suggest a rate increase s

carl icahn. [cheering] he called me, i want to get involved, i want to help it he does not want money, a salary. all these people representing us want salaries. they get $2000 to somebody and now they are supposed to be paid for the next eight years by some stupid politician. ok? no, no. carl icahn wants to represent the country for nothing. i say, and he is a great guy. i do not care if he is a great guy, but i do not care because i have others that are not great guys but they are great at what they do. i know the great ones, i know that that is, i know the guys overrated. you have some overrated. you have some highly overrated. i will not use them. i have some that nobody have ever heard of an better than all of them. they are great. we have the most talented people. this is not going to be political. this is not going to be political. no, if i tell carl icahn, go watch over china for me, carl. just watch over china. trust me, good things are going to happen for us. believe me. really good thin

carl, do you see wage inflation of any type? carl: i do not see much. 2.2% to 2.3% range. i'm confident it will turn higher as we get closer to full employment, what it is like waiting for good though -- waiting forgodot with the wage inflation. we will definitely get there, if not in q4, early next year. mike: the forecast is that unemployment will continue to go down but the pace of inflation is going to fall. why do you need to raise interest rate anytime soon? my answer would be coming interest rates are still going to be quite low. even when they start raising rates, the fed be accommodating the economy. it will take probably a year before the short-term interest rate gets above the inflation rate. because monetary policy operates with a long-term lag, they need to start acting. mike: carl says there is no pressure. carl: it is a long run to neutral. vonnie: numbers for today, carl, what are you looking for? carl: i am looking more forward to the october jobs report than september. i think we are steady at 200,000. vonnie: alan? alan: the best pred

hey, julia. >> hey, carl.s opened in limited release this weekend from universal ahead of nationwide release in october 23rd. it brought in $130,000 plus per screen. that's the best average so far this year. almost double the previous record holder which made $67,000 per screen last month. there's been a huge amount of buzz about the danny boyle directed steve jobs written and based on the biography released of course by universal. but the studio opted for gradual or platform release to avoid going head to head with fox' klt the marshatiamartian." it does bode well for the big opening as does the conversation and controversy about how accurate the movie is or is not. one other advantage of delaying the wide release is that it means that the feel should be more top of mind for the academy and golden globe voters when they're putting in their votes for the nominations for films. back over to you guys. >> all right. julia b julia, but very much. reviews for the market are bet getting better by the minute. earning

>>> i'm on my way to meet carl edgar blake.n middle school and after that he found a career building internet portals and computer networks. so why is he holding a pig? because when you cross a computer geek with an iowa farm boy, you end up with a man on a mission. a big mission. sum it up for me, what is your mission, in carl's own words? >> the mission is to try to swap out existing pork and create a heritage-style pig that can replace that and give us better pork to eat and bring farmers back. >> you bred a pig with a basset hound. join, won't you? the ugliest pig ever made. looks like some folks have had it with their airline credit card miles. sometimes those seats cost a ridiculous number of miles... or there's a fee to use them. i know. it's so frustrating. they'd be a lot happier with the capital one venture card. and you would, too! why? it's so easy with venture. you earn unlimited double miles on every purchase, every day. just book any flight you want then use your miles to cover the cost. now, that's more like it.

carl icahn is putting $150 million into a new super pac. he's planning to push for legislation to discourage texan versions. -- tax inversions. he voiced his support for donald last month. ofis rock is the next host the oscars. his second term as host, the first coming back in 2005. the academy awards show will air on february 28 on abc. that's a look at our first word is. you can find the latest news on bloomberg.com. david: coming up in the next 20 minutes, ferreri makes its new york stock exchange debut. more on the automaker's big day. michael dell buying emc. why he is no fan of carl icahn. ♪ david: welcome back to the bloomberg market day. time for the bloomberg business flash. closer to a wireless is offering a hybrid cellular and wi-fi service using verizon's network. the move comes as the rice and the deal is valued at $4.5 billion. 44% higher than the company's price on october 8. if you beat not a subway sandwich stop in 2003, you may have been shortchanged. a judge has approved a class-action lawsuit that begin in 2012 when cust

i'm carl quintanilla. having a decent day as the dow tries to make it five -- actually we just had our first four-day win since july. we're up 157. s&p back to 1997. reaching some interesting psychological levels. the big story this morning is pure storage, as we await for some indication at post eight. >> i'm not clear s there a technical problem given that the clock is frozen? is there a digital problem. >> which clock are you looking at? >> the one on the quote board on the post there. >> i think it just means that's the last time we got an indication. nothing suggests that it's not functioning normally, but we're not seeing it on the screen. this should not be a terrible high volume ipo. i'm surprised it's taking as long as it is. that's the process. >> it has been a while. this is exciting to be back on the floor during ipos. you mentioned we were in a quiet period during the worst quarterly performance for stocks since 2011. 46 ipos actually shelved their plans go public. >> and digicel of course. >>

should everybody be listening to carl icahn?aster he sees the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. >>> the reason to raise rates is you are building bubbles as we speak. >> so they are creating a bubble and we'll regret it. >> absolutely. hey, look. the rates when they went down, to fight the 2000 debacle the rates went down. that was to sow the seeds of the housing bubble. that's not the only reason but it sowe d the seeds. what happened is so after that, lowered the rates but it was too late to lower the housing bubble. it may be too late. >> there is another housing bubble now? >> i think there is. you h

joining us now with more reaction is carl riccadonna and frommckee who joins us, washington. mike, first to you. you were there when the statement arrived. in terms of things that changed, at least the fed seems to be isognizing even more what going on overseas. they are keeping their eye closer on global development. mike: they dropped that part of the statements they had put in in september noting that oversees development might retard growth in the united states and put downward pressure on inflation, suggesting that maybe that is no longer a major concern. particularly business and consumer spending, that has been a problem lately. fed seems to be looking out lately and saying, we think the world as a know it is getting better. they will see a rate increase in december and they seem to be telling us they expect the data between now and then will improve. karl: they dialed back international concerns are they dropped it from the inflation segment of the statement but they are still monitoring international, economic financial developments. you little bitck from where they

and carl icahn taking aim at aig.d how he wants the insurance companies to break it up. speaking out once again. ♪ scarlet: i am scarlet fu. alix: time now for the bloomberg business flash, a look at the biggest stories in the news right now. the former goldman sachs ascutive has been hired co-ceo. he will work with the cofounder and current ceo appeared he is president and co-ceo oh of goldman sachs. apple expecting another record holiday field by demands for the iphone. sales for the december quarter to 77.5 billion, topping the record. tim cook site upgrades to the latest iphone from android and growth in china for the outlook. getourse, you can always more business news, apple news, at bloomberg.com. let's head over to the market desk where julie hyman has some information on defense contractors. >> a huge win for the u.s. government. bomber fromtrike the air force. it is a big win because, as one analyst told us, it is a david and goliath situation. shut out of crime contracts for since 1980.ans winning the contr

it's carl. it's the q. >> does he workout?ely. >> it is a special throw back thursday right here on squawk box. all that's old is new again. carl, david and jim cramer will all be joining us on set for an hour to talk about the news of the day. hi, carl. stay tuned. we have a full morning ahead. ♪ they come into this iworld ugly and messy. ideas are frightening because they threaten what is known. they are the natural born enemy of the way things are. yes, ideas are scary, and messy and fragile. but under the proper care, they become something beautiful. go to ziprecruiter.com and post your job to over one hundred of the web's leading job boards with a single click. then simply select the best candidates from one easy to review list. and now you can use zip recruiter for free. go to ziprecruiter.com. >>> tesla is unveiling an auto pilot system. it's new model s sedan will be able to steer and park themselves under certain conditions starting today. elon musk says don't get too adventurous, at least not yet. he's cautioning dri

carl. >> bertha coombs thank you very much. we should mention the ceo of the biggest biotech listing ak a vent sciences. >> and some blockbuster news on the alzheimer's front. >> jackie deangelis has details. >> a near 5% spike in oil prices today, it really sort of came out of the blue for a lot of traders telling me they weren't expecting t but here were the reasons that we were up. you had the eia with its short term energy outlook showing a month to month drop from august to september in u.s. production of 120,000 barrels a day. also you had a weaker dollar today which is typically supportive. having said that, traders growing increasingly concerned about russian air strikes in syria as well. the bearish factors are still out there. this afternoon we will get the api inventory report, department of energy tomorrow. expect to go see an inventory build here and also the lackluster session in equities and concerns about global growth still could be a problem for oil prices. we took off the 47 level whiskey technically, we clos

as much as i respect carl icahn -- >> so there is no bubble. he's a smart man who happens to have a. >> he's got so much money. spend more on the next video so it doesn't look like a cult r recruitment video. >> i want to thank charlie. carl, if you are >> how about some stocks. what are the markets doing? >> lock it is heed martin is safe because the world is unsafe . >> iyk good for volumele till times. >> sdy which is a highly diversified emphasis on dividends which tends to keep the price steady. >> are we through the worst of the volatile times? >> more volatility for a while. i'm off and rolling. >> okay. we'll see. we continue right now. >>> did you see the bummer for j jobs? maybe that's why one of the largest unions gave hillary clinton a snub. hi, everybody. welcome to "forbes on fox" the steamsteres holding back from endorsements planning to meet with candidates on both sides of aisle including donald trump. they haven't backed a republican since ronald reagan and george h. bush. some say the jobs picture may bring us back to the fut

now, if i tell carl, go watch over china for me, carl, just watch over china, trust me, good things are going to happen for us. believe me. really good things are going to happy. i mean, we have a thing right now going on, called corporate inversion. nobody knows what it is. but companies have trillions of dollars in other countries. and we can't get it back into this country. you know that, right? you've been hearing about this. they know the number is 2.5 trillion. i say it's much higher than that. nobody really knows. so at least 2.5 trillion is offshore, all these different countries, and what we're doing is our companies are going to -- they've already started -- leaving the united states and moving to those other countries to get their money -- well, you can't blame them. to get their money and, and to get lower taxes. so i came up with a tax plan that cuts taxes way down, way down, for corporations, for the middle income people, for the middle income people. of which we don't have too many in this room, i can tell you. they're all upper middle income people, and upper people. but

carl, back to you. >> rick, thank you very much.ntelli. >> when we come back, microsoft coo, kevin turner, as the company begins to open its new flagship in new york city. and just two days away from the cnbc presidential debate. dow is down 5 points. we're back in a moment. >>> live from manhattan s microsoft ready to open their flagship store on fifth avenue. trying to boost direct contact with consumers. the second area has a large area to play x-box, the fifth floor will host meetings and revents. kevin turner will join us in the next hour. 22,000 square foot. it's called the answer desk, not the genius bar. >> i think people have to start respecting some things that microsoft is doing. a lot of hoopla around this. surface on the conference call was doing well. x-box has become the king in this. gaming remains -- you watch these gaming ads during the nfl and realize they look like movies, they have numbers that are better than movies. >> i would think this is more an advertisement as opposed to actually selling real -- up the bl

later today, carl icahn speaks to us about his new super pac.ing "bloomberg -- youlance you ♪ (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. francine: welcome back. this is bloomberg surveillance. we change the clocks here over the weekend so it feels like it is nice until late morning and feel like it is dark early afternoon. it is london, we still love it. it is still dark. cities across south asia rocked by a powerful earthquake. the quake was centered in northern afghanistan but tremors were felt in new delhi, india. no reports of casualties as of yet. the geological survey estimates magnitude at 7.5 on the richter scale. european leaders say the continent is buckling under the strain of the refugee crisis. a summit in brussels led to short-term fixes. among them, short-term shelters. uggla merkel says the situat

good morning, eric. >> good morning, carl.ght last night the nevada gaming control board ruled the daily fantasy sports sites like fanduel and draft kings are forms of gamble and can no longer operate in the state unless they apply for and receive a gaming license. the decision had been pushed by the state's powerful casino lobby who are adamant that it's a form of gambling. they've preetdly said their games are ones of skill and not chance so they shouldn't be considered gamble, but nevada didn't see it that way saying words like skill and chance are not how they look at things. for example, the lottery is a gamble, but has no skill involved. on-line poker is gambling too, even though there's a lot of skill involved. the casinos have seen many big spenders move from traditional gaming to daily fantasy. data even shows a vast majority of big fantasy spenders were previously poker players. draft kings is a big advertiser on poker telecasts. meanwhile, the nfl has reached out to congress asking them not to hold hearings on the l

. >> it is very complicated, carl. that's right. we had wal-mart ceo doug manage mcmillan on "squawk box", and other than saying they were giving more in depth guidance, we didn't anticipate we would see numbers like this. it wasn't until mr. mcmillan got up and gave the beginning of the presentations, welcome, where he began to sort of hint that he was investing in the long-term, and i turned to my producer, and i said, oh, i think we're going to get some big downward moves here, and then we certainly did when charles holly was cfo got up there and gave us some of the numbers. wal-mart saying it would be flat and largely due to the currency bakt. reiterating they are in an investment phase. they will add $45 billion to $60 billion in revenue over the next three years. that's an annual growth rate of 3% to 4%. then when you get to the earnings per share for 2017, they were saying it will be a decrease of 6% to 12% from where we are in fiscal 2016. 75% of that is a reduction. 75% of that reduction comes from the wage increase. they'r

as much as i respect carl icahn -- >> so there is no bubble.s a smart man who happens to have a. >> he's got so much money. spend more on the next video so it doesn't look like a cult r recruitment video. >> i want to thank charlie. carl, if you are you drop 40 grand on a new set of wheels, then... wham! a minivan t-bones you. guess what: your insurance company will only give you 37-thousand to replace it. "depreciation" they claim. "how can my car depreciate before it's first oil change?" you ask. maybe the better question is, why do you have that insurance company? with liberty mutual new car replacement, we'll replace the full value of your car. see car insurance in a whole new light. liberty mutual insurance. it's from daddy. sfx: dad's voice i love you baby girl. duracell quantum lasts longer in 99% of devices so you can always be there. ♪ >> how about some stocks. what are the markets doing? >> lock it is heed martin is safe because the world is unsafe . >> iyk good for volumele till times. >> sdy which is a highly diversified emphasis on

. >> hey, carl. that's right. twitter is launching the long anticipated project lightning as moments, and it's a key part of jack dorsey's turnaround strategy for the company. the goal is to make it easy to browse twitter's best content without having to follow anyone on twitter or even having to sign up for the service. the feature will appear as a tab with a lightning bolt in twitter's app. each moment is a group of tweets, particularly those with photos and video. they're all gathered around a specific topic that people are talking about on twitter. twitter will cash in on the feature if it can add new useers and keep them engaged. it's testing promoted moments with a handful of brands that will weave into the editorially selected stories. twitter shares moving this morning after gaining yesterday on the news of dorsey's appointment as the company's permanent full-time ceo. now, twitter has been talking up project lightning for months. it's definitely seeming like its biggest announcement in quite some time, an

that stock, carl, just getting hammered.own 24%. >> meanwhile, we're getting more details on the u.s. sending troops to syria. let's bring in nbc's chief foreign correspondent richard engel who is live and helped break this story this morning. richard, good morning. what else do we know at this point? >> we know quite a bit, actually about what the white house is expected to announce in just over an hour. it will announce an intensified three-pronged approach to fighting isis. the white house is calling it a shift. others will call it a significant change in policy. first of all, it involves sending troops into combat, boots on the ground in syria. not many. just dozens we are told. special operations forces will be working at northern syria. primarily working with kurdish groups. that is one part of the approach. the other is to base a rapid response force. no idea how big that will be, but larger than the dozens that will go into syria. a rapid report -- or response force going into iraq into northern iraq, and then lastly

. >>> carl spent years using his big brain to build a better internet and now he's trying to build aee the results. this is the most extraordinary pig i've ever seen. seriously, carl is preoccupied with the pursuit of superior pork and his approach is both futuristic and historic. >> i wanted to create a pig like in 1821 germany, and i knew the pig was made in 1821 in germany, so i thought why not try to create the pig in the united states. >> carl did not choose the ugly chinese pig because he felt sorry for it, turns out the me shawn have unique qualities. >> it's important to what we are doing in the pork industry, but they have more fat on them than any other pig in the world, 82% fat and 18% meat, and hardly any meat on the pigs at all, and these pigs are useless to go to slaughter. >> there's a bit of shar pay. >> you see a shar pay, and there's not one feature on that dog to be made pretty. >> it's a fighting dog. >> no, it's a killer. and the reason it has wrinkles so the skin could be pulled and never hurt a muscle, and that's why it has two eye lids. >> one minute you are t

carl: we had a dramatic move in the currency.ong dollar started last summer, a summer go, and persisted up to the present. we started to see that impact in the first quarter of the year. suddenly, domestic producers saw a sharp drop in demand and there was a flood of cheap imports. production and demand were out of the lineup -- alignment, and we got a huge accumulation of inventory, so production had to be pulled back further to work inventory numbers down. that is the good news, they did have some progress working off inventory excesses, and that should bode positively for production. however, there's headwinds. the energy sector facing additional problems. the dollar is still strong, even stronger than it was before. global growth is slowing. domestic demand is softening. it is still a difficult environment, and not one where the fed will realistically have the confidence to move. david: so we are at cruising speed. all these headwinds you describe. in the last 30 seconds here, in the fourth quarter any signs this will improve

we know what it's lack to not be able to pay your bills. >> reporter: eight years ago shay carl butler and his family were living on foot stamps. when he posted a video of himself prancing around in his wife's unitard. >> he is giving us his dance routine. >> everything changed. >> if you look you, can see august 16, 2007. >> i did have a lot of jobs. i did, you know the gamut. so when we first started at you tube. i got this small audience. our first check from google was for $300. i was like, that's groceries. that's a big thing of groceries. you know. i'm look if i can make $300. what if i can make $1,000 a month. my goal was to make $1,000 a month on youtube. off to pay for groceries, and our house. yeah, we did it. now we are millionaires. you can do it too. >> now there are thousand of channels devoted to parents documenting their daily lives. from babies at the water park. >> yea! and doctors appointments. family vlogging is a huge new trend the we see a lot more people getting in on this. it's not just something they do in their spare time. it's actually becoming a career. >> s

carl? >> when we come back, ibm ceo ginni rometty on how monetizing watson fits into big blue's growth strategy. dupont is the biggest gainer on the s&p, by far the biggest gainer on the dow for the month. more on that when we come back. when a moment spontaneously turns romantic, why pause to take a pill? and why stop what you're doing to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection

hey, kayla. >> hey aring carl. conversations are people talking about the health of the capital markets. this notorious of the tech sector and whether you continue and just how healthy is the overall economy. the pace of company creation. and vice chairman nobodia wintrob about just how honest the conversation and the dialogue with clients has become in this market. here's what he said. >> we frame our conversations on a 20-year horizon. we say where do we want to go? there are a lot of events along the way of financing, public or private. buying companies. potentially selling your company. the question is where do you wa tgo? what -- how do you create defensible moat for the business that you want? then what do you need? do you need capital, relationships? once we figure that out, then we can help facilitate that in any way the customer needs. >> we've seen a lot of companies that are going to access the public markets. i can't comment on ones specifically we're working with, but i can tell you that there are a lo

back to "squawk alley" and carl. don't be fubbing, carl. >> okay. thank you for the tip, sue.ue herrera back at hq. as sue has been talking, we've been getting word from going that will they are proceeding with the implementation of that new operating structure as of the close of business tonight. shares, as they reopen on monday, will be trading as alphabet c and a shares. not google c and a shares, all although the ticker will remain. not a conventional company, as they like to say. >> not at all. it's going to be confusing to trade alphabet under google, but we'll get used to it. >> schek in with rick santelli, and get the santelli exchange. hey, rick. >> hi, carl. thank you. i like to welcome my unemployment day guest, ed lazear. he is the former chairman of the council of economic advisement under george bush. thank you for ale taking the time. >> pleasure to be with you, rick. thank you. >> listen, you know, the economy's average 2.1% since the first quarter of 2010. not crisis type numbers. janet yellen and company didn't raise rates. we get a very weak number. we lose

carl? >> thank you very much. oil coming in a bit.jackie deangelis at the nymex. >> that's right. oil prices under pressure this monday morning, under $49 a barr barrel, we did get some release information from opec. opec's monthly oil report out. they are expecting u.s. production to decline in 2016. it's the first time the cartel is saying this. if it happens in a meaningful way, it will be the first decline we've seen in eight years. they're also saying that cheaper out prices will spur global demand for the rest of the year. for 2016 they're taking demand forecast down a year. the opec secretary-general said this weekend he expects the market to be in reasonable condition by the end of this year. you have the kuwaiti oil minister out this morning says opec members themselves not looking to cut production but it will be high-cost producers exiting the marketplace that will help rebalance things. generally a bit of a weaker dollar supportive of prices, not seeing that happen. we do expect to see volumes be thin because of columbus d

. >> reporter: that was carl emberson speaking to me a short time ago. to get the size and scope of the storm, we need to go above. nasa took some images. one was taken at noon eastern time on friday. you can see the eye of the storm

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 sales had a slight increase year-over-year of 0.6%. that might be some indication, carl, of just how strong auto sales overall were for the month of september. again, we're on pace for sales potentially at a pace of 18 million or more for the month of september. one more time, volkswagen just slightly positive. 0.6% increase. back to you. >> all right. thank you very much, phil lebeau. >>> back to the big story of the day. of course, that is twitter. dropping 6% after news that jack dorsey will be named permanent ceo. an announcement which read code says could come a

hey, sara. >> hi, carl.ce to catch up with meyer in cincinnati where he was a featured speaker. it was one of the first times we have had a chance to talk to him. the stock has done well and come off the highs. it has been cut in half from recent highs. the first question i had for him, what is it like to watch this roller coaster ride that is your stock price? >> it dined kind of reminds me n we first opened shake shack and we would watch the line outside. 100% of everybody would tell us, i love shake shack. some people would say, but i don't want to wait in line. we would always say, it is kind of your choice if you want to stand in line or not. we are just going to try to take the best possible care we can, which i think we do. the stock price is sort of reminded me. almost 100% of the people are thrilled with the performance of the company. sometimes more people want to stand in line and sometimes others don't. we are focused on making one burger and serving one guest at a time. >> reporter: if you look

i said carl, you handle china. and i will walk away. we will do very well. we are going to come a great. we are not going to have a $400 billion deficit. and we will get along. china doesn't even like us. these countries repress up. up.ip us i start running the country, they will like us. it's hard to believe but that is what will happen. [applause] mr. trump: we're going to cut the individual rates. this is very important. we're cutting down from seven brackets to four and the rays 10 going from 25 to 20 to and then zero. what is the purpose of a person doing lengthy returns, going to get help from h&r block, who we intend to put out of business because it's so ridiculous.