kernan and andrew ross sore kso. government employees return to their jobs. schools reopening and today is the deadline for demonstrators to scale back their protests. protest leaders are talking about political reform. in market news investors have been riding a pretty wild ride to start october. in the first three sessions, the dow has moved by 721 points. unfortunately for the bulls it has not been all to the up. we'll check out the u.s. equity futures at this hour with the dow closing above 17,000 on friday. you can see futures are indicating up 44 points for the dow and up by close to five points for the s&p. andrew, over to you. thank you, becky. we have today's top corporate story and that is hp. hewlett-packard saying they have plans to split itself in two coming after the tech giant reportedly explored a number of options in the recent months including the shares of recent

units. the shares of hp are jumping up over 6% in the pre-market. john thwart is joining us this morning. and i said to john, should meg whitman have done this three years ago? >> i was going to ask either one of you experts, when was the first time that it was positive or suggested that hp should split into a combination of businesses? i think it's ten years, isn't it? >> well, they actually did turn into a combination of businesses 15 years ago in 1999. agilent is getting ready to split off, too. >> but here's there looking around, what do i do? how about splitting the company into two? it seems like old is new, new is old. >> when she first came to the company, they had positive guys. >> and he said no. >> her predecessor in the ceo seat wanted to sell the pc

business off entirely. they couldn't find a buyer at the price that they wanted. lenovo was rumored to be sniffing around and ended up picking up -- >> she said they were staying together definitivety at that point, right? >> at that point but that was eons ago. we have the failure of the hardware store idea that hp was premised upon even way back when carly bought compaq. if we are huge and the biggest hardware player, we can pressure suppliers to give us the absolute best prices and we can go out to sale to consumers. when they come in, consumers and businesses will buy a pc, then they will buy a printer. >> you're not talking about selling the business, you're talking about spinning it off with shareholders to get a piece of that, too. >> but it is not one combined business because we have volume in one area, we can get the benefits of the others. now hp is saying actually that's

not going to work as well as we have been saying all along. now it's a better idea to split these two things off into separate businesses, probably because mobile and mccloud changed the rules and game on them. >> yeah. >> i think that's part of it. part of the timing for this specifically now is the fact that the pc business has more legs than a lot of people expected up to this point. >> this would not have worked three years ago. >> no, i don't think it would. you have to remember where hp stock was three years ago and where dell was three years ago. the reason for that is the people felt like, oh, my goodness, the ipad is out and this is destroying the pc business. pc business cannot survive on its own. the only thing is somebody bigger can buy this thing. >> how do we grade meg whitman thus far? the stock is up 50% since she's gotten there. that's great, that's probably in line with the rest of the stock market, but below most other new tech companies in terms of the

nasdaq. >> it depends on the constituency. if you're a rank in file employee, there's a good chance you've been laid off by meg whitman. if you're an investor, this stock has done better than you would have expected. if you are just looking at this from a strategic art of war perspective, look, she shuffled executives when she had to. she's made certain promises and rolled them back as far as revenue growth and stability when she had to. this is a lever she's pulling when she's got it. i mean, it's a very skilled executive clearly operating at the top of the company. and, hey, wall street -- >> whose stock is depreciating more, hewlett-packard or mark hurd's? >> clearly mark hurd's. >> what was that about? >> the sexual harassment allegation. >> oh, yeah, the greeter was using company expenses to take her around.

>> the centrifuge that we don't do now. >> a lot of that was pre-hurd put under scrutiny for that. so back then, mark hurd was one of the ceos at hp i sat down to talk to about the philosophy. he is an operations guy and the idea was he knew where all of the money was flowing. he knew which suppliers to pressure. and you needed this sort of operations guy at the helm of the company to keep it together because it was so big. you needed randy motte on the i.t. side. you needed a stickler on the numbers. some people argue he just cut the business to death. i would say you don't know what would have happened at hp if he stuck around. clearly he was good at running

it. >> so now hurd is a sales genius, right? at oracle. there was leniency operating. >> there are always critiques. some say mark hurd at oracle, the final verdict will be how they manage this transition to the cloud in a different sales model. i was being told just last week she believes they have gotten their cloud sales model on track now transitioning to the big wind falls with a licensed software now on the perpetual model. we'll see. >> you said something interesting about there was a time when carly fiora was buying top pcs. you know how difficult that is to decide who is going to be something in 25 years. and over the weekend in your esteemed newspaper, the bernard -- no, i felt very euro

reading that having been over there and everything, but the one comment that he made, i don't know if people will be using any apple products in 25 years, but i will bet you they are drinking don perignon. i bet people will be drinking grape champagne in 25 years? >> who knows how many. >> what do you think? >> how many people drink that now? it's a good brand -- >> there's a person named janet yellin. they are mixing food and beverages here. >> versus the dollar store goods. >> just like we are still using hp products but are we using more of them? >> can i ask you one final question? >> you introduced him.

>> the only question i have is this, there was speculation and some real talk about hp and emc. what happens to that? i gather there is still a possibility that could come back even with all this? >> well, i look at trailing nine months revenue for hp either part is around 42 billion. emc is huge. so it's hard for me to see exactly how that transaction happens, who acquires how the merger comes together. it is certainly a possibility. but hp's converged storage business is doing better than its traditional storage business. and the traditional storage is a bit like emc. so -- >> do you think this is the case of a failed merger negotiation with emc and a decision to get that, we'll go do this? >> that's interesting. i'm not going to say i think it's a case of that. >> thank you so much. in other news, becton

dickinson is paying a 26% premium to friday's close with the transaction valued at $12 billion. carefusion makes infusion pumps in products that store and deliver drugs. now to ebola, the head of the cdc will update president obama today on what the agency is doing to track and contain the deadly virus. and meg for really is joining us in atlanta with the latest. good morning, meg. >> reporter: we are here at the cdc leading the charge against ebola. still one confirmed here, thomas duncan, being treated in dallas. we have learned his condition worse upped over the weekend and now he's in critical condition. previously he was in serious. the cdc says he's currently not on any experiment tall drugs but

those would be available if he chooses with his doctors. there's another drug mentioned but that could make the patient feel worse initially. so no experimental drugs are being used. and tracing his contacts in dallas continues up 114 potential contacts that state and local officials identified and 66 have been ruled out. 38 now could have had contact and ten are pretty sure had close contact. all those will be monitored for 21 days in incubation until the virus risk has passed. the cameraman who is diagnosed with ebola is being flown to nebraska for treatment. and multiple agencies are focusing on increased screening at airports after calls from louisiana governor bobby jindal is blocking flights from those

countries. of course, tom frieden says the safety measures they take should not further isolate them. >> there are still a lot of questions about how we handle these things. you mentioned they are considering more screaming here but there was a case over the weekend of a map arriving in newark with a quarantine on the plane with a gentleman who had come on a flight from brussels but before that he was in liberia and was vomiting and they cleared him to tell him he didn't have it. but the passengers on the flight said it raised questions about what they do with him. they were filling out the paperwork and didn't know how to handle it. how long before we get some sort of a plan. >> those are the questions being asked now. we hear from officials they are working on it and we are getting press releases saying they are

strength anything protocols but all the questions in dallas make you wonder how can they be ready until they have a case. how can they know they are ready until somebody comes through? of course, as they talk about strengthening and entering protocols, this patient flew through dallas and do did this man. >> it's one thing if they are doing exit interviews to take temperatures before you leave countries. this guy apparently jumped pretty quickly to a point where he was vomiting. >> yeah, they say they are trying to scream for fevers and also asking about history. mr. duncap did not disclose he had been around patients who were sick. and so there's questions about that, how do you control for that? they have emphasizes at the cdc

exiting screening is generally helpful taking 77 people off planes from the countries who may have otherwise boarded. of course, not all the folks had ebola but there are questions as to make this more effective. >> he's facing charges in liberia. >> but the screening -- some of the conversation around screening would happen there meaning we would send people there on the lie liberia end. >> now they are talking about screening folks coming back from u.s. airports through the countries. but how do you scream for the folks coming through other countries but not from west africa. there are a lot of logistical questions raised here. >> even trying to track down those potentially exposed to the patient in dallas, over the weekend one of the men they have been tracking disappeared.

he's a homeless gentleman and they couldn't find him for a day. that raises the question of how easy it is to track to people here in the states. >> the homeless man had rid up in the ambulance after mr. duncan did and he went missing from screening for one day but they ended up finding him. they were talking about this in the briefing trying to get this gentleman to come forward. >> two things are gratifying. one, there's been outbreaks before that just can't be happening. three things, it is not airborne at this time, and it is not contagious unless you are symptom attic. can you imagine if it was before symptoms? for 21 days you would have contact with people. >> and no one would know. >> hey, meg, still with us?

>> still with you. >> 21 days, in terms of showing symptoms, is there a certain percent snanlg is it that the first ten days most people show symptoms? or the last two days if you have gotten to 19 days, how does it work? because i assume there are now a lot of people exposed but we have not seen them in the week. >> most people show symptoms a week afterward, so we are at that point right now and clearly no one has shown any signs. however, until 21 days are past we can't know. >> meg, thank you very much. see you again later in the hour. meg will have the head of the cdc joining us later this morning. in the meantime, stocks swinging wildly to start october and the first pull trading of the week.

earnings season is just around the corner. joe, you're back in time. >> did you trade stocks last week -- it's at 17,000. not one thing happened. >> 721 points in three days. >> i saw it back. >> when you leave, everything shuts down. >> nothing happens. >> they just stop. >> i got back -- oh, it's up changed and all the stocks are -- >> there was no problem. i saw a couple of those. the employment report, good news was good news. >> finally. >> very good news. except there's a lot of bad news in the good news baby boomers retiring, but look at people in there. >> if the up employment rate was higher -- >> 5.9%. >> that would be a nor normal

recovery. joining me is jim o'sullivan, chief economic economist and the chief strategist at global trust investments. jim, what was your take on what happened with the report on friday? >> we continue to get 200,000-plus per month in unemployment. we are getting 2% annual rate of increase in unemployment. the working age population is growing .9% each year. with a flat participation rate, this is more than enough to keep the unemployment rate coming down. and the long-term trend in the participation rate is still down. most of this is demographic and not going to be a cyclical day but structural and cyclical elements are in this for sure. when you bulk this together it is secular. most of it is secular and won't

go back up. so then if you're getting 2% ra rate, the economy says this is above trend growth. it may not be great thanks to historical standards but this is about growth. >> when do we get above 3% for the full year? >> because of the first quarter and two holes this year, we won't see it this year, but certainly by next year it is quite positivable. in there's a year, the second half of last year was 4%. q2 was 4.6. so i think legitimately we are looking good. >> that explains a lot of the volatility. you expect to see more and more volatility as we get closer to

that date? >> let's put last week's numbers into contest. we only had a 4.5% decline from peak to trough and have not gone over 30 week where is we typically have 5% correction. and we have gone three times the normal length of that. volatility has picked up some but is restored. >> typically we think the volatility will pick up around the fed's tightening cycle. but as long as their tightening is not different than what the market suspectses, history suggests the markets can do fine in that period. and it is our expectation that the fed rate is moving slower than what the 39 expects -- >> historically we have been

seeing these things. if you have been waiting for the pull-back, you are -- >> we have had a zero percent tactical in the way of cash flow the last couple of years. we are being defensive in this environment with negative real returns on -- understanding that volatility is going to be somewhat higher than we have experienced in the last couple years. >> jim, if you believe the numbers from the jobs report, 5.9%, that's difficult to complain with the fed still being in there. >> unless unemployment rates rise -- >> when will that have to happen? >> i think in 2014.

given how fed officials themselves in their medium long-term projections show 100% basis points more tightening than the market in 2016. >> where do you think we'll be by the end of 2015 in interest rates? >> interest rates we'll be at 1.4% and 1.25% for the funds at the end of the year. >> is the economy strong enough to handle that. >> so you would say -- >> will we go back up to 5% in the ten-year? >> i'm not going to say we're not going to. this was an ab rigs for the top

25 people. that's because you narrowed down about narrowing them down. >> we talked about that next. >> it is not 100. >> okay. >> jim, thank you for coming in. james, thank you for joining us. >> it is hard enough to pick the guys from the past. how can you possibly pick up -- >> as quickly as things are moving, you just kind of throw everybody in there and hopefully something sticks, right? i understand it. is this your fam? >> yeah. you can have a conversation with nick about this later. >> your whole network is a part of this. >> who is the guy from guns and roses? >> axle rose. >> i have never thought of

andrew as axle rose. he's like jon bon jovi. >> thank you. coming up, walt disney -- i don't like to drop names. why walt disney is bailing out euro disney. but first, the final undefeated -- they were like undefeated like i am a good golfer. the final undefeated team in the nfl has fallen if you went to sleep early. the bengals -- nobody gets up for a good game better than the bengals. the first drive for the patriots was like hot butter through a cold knife. you missed the patriots demolish them -- they were 3-0, big deal. >> that's kind of exciting nobody has done that. >> and brady was on a mission. the bengals do not give up. >> that means anybody can win. >> tom brady threw for 292

yards, two touchdowns and no interceptions. and new england's walk in the cake over cincinnati. the bengals are 3-1 on the season. e financial noise financial noise financial noise financial noise

still to come, hp is planning to split into two. we'll ask if this is a good move

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♪ good morning. welcome to the jung. and welcome back to "squawk box" on cnbc. i'm joe kernan along with becky quick and andrew ross sorkin. we have breaking news. we do have breaking news. hewlett-packard announcing it is separating to two companies. david faber is joining us on the squawk newsline with more. david? >> thank you, andrew. i had an opportunity to talk to

ceo meg whitman not long ago about what we all learned yesterday would be a split of this company into its two components, mainly an enterprise business under the hewlett-packard enterprise name and hp inc. will be the company to incorporate the company's personal systems group. it's printing and pcs essentially for both commercial and consumer purposes. creating two companies that will be in the fortune 50. interestingly of roughly the same size. about 57 billion and 58 billion. meg whitman will be the ceo of hewlett-packard enterprises. she will be on the board of directors there. whitman will be the non-executive chairman of hp inc. which will have a new ceo, the gentleman who is currently overseeing that company at this point right now. so creating two very large

companies. only a week after we saw a very similar move in the sense of splitting the company or the intent to do so by e-bay. and then speaking of whitman, she uses many of the same themes that you heard as well into last week, namely the seat of the marketplace changing so quickly that now is the time to give these companies an opportunity to become more nimble, more agile, hp is so complex at this point. but interestingly you know the current plan in place since meg took over three years ago called for the acceleration of revenue since 2015, fiscal year 2015. and they are not going to have that this year. they also talk in the release and we'll be telling people about the fact that more or less revenues are expected to be flat going into next year. now, i asked whitman, well, is

that the reason that you are now pursuing something that you will accelerate revenues for the company? and she said no. it's clear that they have remade this company in terms of regaining the confidence of their employees and customer base. they have re-done systems and done so many different thing that is now the progress they have made allows them to successfully put the two companies on a different path. that was the theme she continues to come back to, although it will be interesting to see how the market responds. they do believe that multiples for the peer group represented by both companies in the case of hp, hewlett-packard, ibm and obviously on the other side, we're talking more about lenovo and dell and things like that, but the respected multiples are lower inside hp than they will be outside. and the talk is you often hear

about in these kinds of situations that the ability to be a good deal more flexible in terms of capital return for one company and perhaps not as much for another if they wanted to grow more quickly. and obviously this is the cash flow generated by the company for the purposes of the companies and not the whole. so obviously a very, very meaningful announcement this morning. and one has to wonder whether we'll start to see more of this through some other corporations out there given i always say three's a trend and we are almost there. >> how did we get to this place? meaning what's happened over the past several months? we were talking earlier with john ford, i know e-bay is deciding to split itself. what do you think the infamous was and how long has this been going on inside the boardroom?

>> whit man told me that this has been going on roughly about three to four months that they have been seriously considering this. reviewing it with the board of directors and reviewing it with a lot of the senior leadership at hp going through what it would mean, what the new companies would look like and so many of those things that you have to do. obviously, a lot of that is still to come as well given this will not actually be concluded and most likely will be a year from now. andrew, my sense is while they were willing and we reported on this, to consider a split for the enc deal, they already were thinking about a split regardless. again, over the last three to four months they really have taken this to heart and are working on this as something they expected would happen as part of it in a strategic review. something we heard from john

donahoe. >> a lot of the executives are saying with this case and e-bay, with the markets they sell to, it will help companies be more nimble but the other thing is the stock market. sometimes it's envogue to be bigger and smaller, but this morning e-bay shares are up 6% 5% on pre-market on the news. how much of this is a reflection of what the stock market lost? >> i think it's a good deal. it's in the case of e-bay, you had an act in there. in the case of hp, ruff witworth has been forced to step down as chairman, although i do have a letter of support that he's putting out as well talking about the fact that he's very excited about this and fully endorses the move. but i do think, becky, to answer your question, and the idea of

the stock market in the form of activists in which he comes so proliferated over the last few years, the companies cue the footsteps when they aren't there. so the board is acting in a more proactive fashion than they have in the past because they do think they will potentially be awarded with this. if they don't, they will be dealing with this at some point along the way. >> david, we'll leave it there and speak to you later in our program. of course, you'll be reporting on this throughout the day. we'll be watching all of that. thank you. now to washington. playing political hot potato with the jobs report. how? for the gop and the dems, they are spinning this month's numbers. here is the chief economic correspondent ben white. and it says, ben. >> yes. this is what i say. >> you said this? >> i have said that. >> i'm just trying to give -- you say obama is faced with an economic dilemma. >> well, he is, joe.

would you like me to explain the economic dilemma? >> i guess i would. that is what i'm interested in. >> here you have a jobs number. that was a good jobs number and the top line was good. 249 is is a good number. unemployment at 5.9%. we think the country should be saying thank you president obama for delivering us this much better economy than you inherited but that's not happening for a number of good reasons. one is wages going nowhere. two, the size of the labor force dropped again. and every poll shows nobody trusts obama on the economy and nobody believes he's doing a good job on the economy despite numbers. so what does he do to go out to make a case? he has not found a successful formula out there because there isn't one to put democrats in a punch to say things are getting better, just give us more time. in the senate races, they have no good way to talk about the economy. numbers are good but people don't feel it. >> i saw a paper not friendly to

the president and ir forget wha it was, but president obama said no new ideas are no good ideas. >> he makes a good point when he goes to do the speeches, the white house staffers were noting the president is saying america is stronger on the economy, we are leading the way we are on isil in the middle east, and it just felt completely flat because there were no new ideas. you mentioned infrastructure and the things he sent up to the hill in the past, i'm trying to get faster growth, that's fine, but you can say it over and over, people don't care what you send up to the hill but people care what you have gotten done. nothing on immigration reform, tax reform, stuff to make the economy grow faster. he hasn't done. sure he's been blocked by republicans in some instances, but a big and successful presidency gets these things done and they go to smash things on capitol hill and get

legislation through. that's why the democrats will probably lose the senate. >> if that does happen and if they do break the harry reid deadlock and put forth a lot of things, he's going to veto every single thing but that's going to come at a cost as well. so they will put forward things that they swear are going to be helpful and that's going to be hard for him to -- >> as opposed to who, 2016 democratic nominees? >> in popularity, nothing that he cares, but they are going to do a lot of things to pass both houses and it will be vetoed, vetoed, vetoed, vetoed. >> i think it will be hard on those things and immigration. i don't think republicans can get it together to put an immigration bill before him because you have rand paul, ted cruz and others that won't put

forward a bill with amnesty in it. not necessarily on tax reform. i think there's a possibility that there's some agreement there. the bill gets to the president and he'll have to sign that. i think maybe he wants to. in this instance, he's freed from the democratic block in the senate. he's a lame duck. i think that's the one thing he can sign, but you're right. >> that would be interesting if they can get that done. that would be huge. >> i have said this multiple times before the year the tax happens, but on that issue there's enough pressure on the republican community to make it happen. a lot of the big money wants it to happen. democrats, a lot of them are behind it. the president has not pushed it hard despite what the white house would say. he's been tend in support of it. this will take the pressure off him in the senate democrats block. it gets to his desk and he may sign that, other than a lot of stuff will be lobbied back on health care, dot frank national reform, whatever the republicans

can get through, some stuff will come at him that he'll send back. >> don't be a stranger. >> i'll try not to be. >> you invite me, i'll always come. >> because there will be another conundrum for you to explain. >> i will just read my column. >> i like this. i don't -- i read and then i go to whatever i'm doing. all i have to do is -- >> you have people with their scientific theories. >> i just need to know how to read words. >> it is better when we get into a discussion with each other and you forget the words on the screen and we connect. >> there's no way you could do a puppet. >> i don't want to be a puppet. i don't want to be sitting on someone's lap. not from here, i want it underneath. >> you're your own man. >> i'm staying over here on this side of the desk. ben, thank you.

>> pleasure, thank you. when we come back, a bad weekend for bitcoin. why it lost a fifth of its value in two days. as for the dollar, the green is back in there for the high. 1.2554 for the euros. " squawk box" will be right back. b14. no surprises. buying business internet, on the other hand, can be a roller coaster white knuckle thrill ride. you're promised one speed. but do you consistently get it? you do with comcast business. and often even more. it's reliable. just like kung pao fish. thank you, ping. reliably fast internet starts at $89.95 a month. comcast business. built for business.

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welcome back to "squawk box." bitcloun is plummeting. the currency losing a fifth of its value over the weekend. prices dropping to a year to date low to $290. why? one of the reasons, traders point to bearish technical signals with lregulatory values >> a fifth of its value?

technical factors. >> remember when the thing was -- >> it used to swing. >> but it was up $800 and $1,000. now we are -- >> you are looking at that as an investment saying, yes, you can pay your rent in that. wait, let me do it on a good day to catch the swing. still a battle taking place. when we come back this morning, the start of fall means apple picking, cool temperatures and a new tv season. so why are the median stocks under pressure? "squawk" comes right back. she inspires you. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready.

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season four of "homeland" premiered last night. a highlight for cbs along with the n if l. cbs owns showtime. the stock now down 20% since march. joining us now to talk winners and losers of fall tv is david bank. are we at the beginning of the -- is something happening here? >> i think a couple of things happened in a row. probably the weakest upfront since the recession of '08. summer ratings particularly in cable were really disappointing. i think cable as a class was

down something like 10%. that really spooked people. and then the ad market has been kind of punk. what do you do? if you're a portfolio manager in this world today, you have to kind of ask yourself is this the beginning of the end. right? is the internet about to take over television? we think there's sort of tons of evidence around that would suggest that that is not what's going on. but i think that's really what's -- its impact on multiple earnings. >> earnings haven't been compressed though. it's a multiple getting hit. >> yeah. people don't realize, i think, how much of this ecosystem is driven by affiliate fees, the sale of content, you know, all kinds of things that aren't directly reliant upon advertising. so really it is a multiple thing. >> if you think it's not the beginning of the end for television and this is not the internet just taking over, you said there's a lot of things that could explain that. what are they? >> well, the ratings things is a simple one. it's like yelling at the ump.

but the nielsen sample was tweaked this year to add broad band only homes. that did have a rating that will impact itself. broadly there is a softness to the ad market that's surprise. ing ichb given the relative strength of the economy. but particularly look at what's happened in the auto side and the consumer staples world. there's been a little bit less than we think. that said, i do think there is a little bit of a step down. but for cbs, i'll give you an example. the nfl, thursday night games, have been a little bit disappointing over the last couple weeks in terms of ratings. is that a viewership or every game has been a blowout since the first game. you can't extrapolate off these data points. that's what people are going. >> if you were to think that somehow the game is over, if you will, and there is a tipping point, why is it now and how

long do we have to run? meaning, as a guy that started in the print business, i remember -- when i started in newspapers people said newspapers are over. as far as ki tell, newspapers are still in business. maybe not as profitable as one point. >> i think we're so far from that point. i think at the end of the day, you know, there were two issues with print. the first one was it's completely substitutable. you were getting what you can online. second was you're getting it for free. the average american watches something like five hours of television a day. >> is it more like music which is also not a great example? >> the music -- well, different train leaving a different station. what happened to music was it wasn't digitized being the issue. it was the a la carte.

are we anywhere near the a la carte-ization? not anywhere near it. increasingly it is a subscription revenue model opposed to advertising. so i think we are a long way away from the, you know, the tipping point. we're just a step function down on a certain level because the business is maturing. but, you know, i just don't -- there's no evidence when you speak to ad buyers. you speak to cmos. there's a tinemy bit -- >> can i ask you about sport for a minute. you saw the news on nba. it's about $24 billion between disney and time warner. >> i think over a nine-year period. >> do these numbers make sense to you? >> i mean, they're consistent with nfl, mlb. these were all deals that kind of doubled from contract to contract. the thing is they're built --

these are like numbers games, right? these are big sounding numbers. but they have escalators. they don't price the average number. if you look at the increase between the last year of the old deal and the first year of the new deal, it's not like a double. >> a decade from now, will we think the networks got a great deal or were schooled by the sports leagues? >> i think it'll be somewhere in the middle. i think you can't get affiliate feeds without. the nba is going wow. making a lot of money with big margins. i think it's an ecosystem where everybody benefits. >> so you think it's a fair deal. >> i think it's a pretty fair deal. i think what we're going to see on the next deal nine years from now, that's the first time digital might play. no one is anticipating that yahoo! and google were going to come in and win the nba. >> thank you. coming up, we'll have the cdc director talk to us live

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ebola fears. the cdc working to ensure the american public the virus won't spread here. this as another patient arrives in the u.s. we'll talk to the cdc director this hour. breaking up might not be so hard to do. shares of hewlett-packard jump after news they're splitting in

two. and cnbc unveiling a list of the men and women poised to shape the world of business as the second hour of "squawk box" begins right now. good morning, everybody. welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. joining us on set this hour, steven rattner. also dan seymour who is the cofounder of the foreign policy initiative. we're going to be talking corporate news, ebola fears, and economic concerns. we've been watching the futures this morning. after some big swings the last part of last week, you'll see green arrows this morning. dow futures up 55 points. s&p futures up by six points. gold prices moving to their lowest level in over 15 months

this morning. they're up slightly this morning at $1.80. but well below 2,000. let's talk about today's corporate announcement. hp splitting itself into two. shares have jumped ahead of the opening bell. you can see it right there. up about 6% in the free market. is this smart? is this dumb? >> it's a great move. >> should they have done it three years ago? had. >> yes. >> so we've talked about this since the summer of 2011. it would be a great idea to spin off this pc business. then we talked about printing might be a nice way to entice a buyer or investor. so i think it's a great deal. it allows them to really focus on clouding the data. >> i'm going to go back to the three years -- we were talking with jon fortt earlier. he made the argument they couldn't have done this earlier. they wouldn't have had to hold

onto everything because the business wouldn't have the value. >> i agree. you know, 2010 the pc market started to decelerate. that got worse. 2014 we started to see stabilization. >> hang on. maybe that's an argument for not doing it then. for waiting the three years. >> well, i think the mistake they made in 2011. so let's go back. you know, we highlighted the summer of 2011. the ceo at the time came out and announced they were going to spin off the pc business. the issue was they never had a buyer at that time. so the business was going to get weaker and weaker and weaker. the buyer would stand back and they have a deal. >> meg whitman inherited that mess. did she do the right thing in waiting the three years? >> i think she did the right thing. she came in, got rid of the mess. but we always said she'll come back to the well. she has to. hp is nowhere in software. it's a $4 billion business.

ibm, $30 billion business. when yo go into the cloud and think about big data, you have to have a good franchise. focusing on those types, much smarter than focusing on pcs. >> meg whitman has long talked about the synergistic value in terms of pricing. does that go away? and does it matter? >> that's the one pushback they've had. they can leverage the opponent across servers and pcs. i think that's a question that will be on this morning's call. do you still have that type of leverage? >> in terms of emc, they were in negotiations with them or at least open to negotiations with them. do you think that comes back? >> one of the things we wrote about this morning in our note is separating these companies giving hp huge flexibility. emc or someone else would never want to take on the -- take on

hp in total. now as you separate these businesses, your options are open. if someone wants to come in and buy your hp enterprise, they can do it. if someone wanted to buy the pc, they can do it. their separate businesses give you flexibility. >> prognosticate out 24 months. are either independent or are they owned by somebody else or do they own somebody snels. >> i'm not going to speculate where they're going, but i think it gives flexibility. you can start to understand that they now have options they would not have had. this deal is completed by the end of fiscal '15. so we have about a year. >> joe asked a good question. you probably don't know the answer either, do either of these companies stay as a dow component? >> that's a good question. don't know. >> not that it matters many up. yeah. >> brian, we'll work on an answer on that question. programming note. we have meg whitman live with

mr. faber coming up at 9:00 eastern on "squawk on the street." >> i think that's another stock other guys at dow or s&p copped it out. >> the s&p has done better than the dow has. >> not as bad as the most famous aig. right rattner? >> whatever you say, joe. >> that was not one of their better moves. who was that? >> this is not that other show with the joe. i know that you say that to him. you're going to use that on me too? >> i'm sure we'll get there. there's more to come. the cdc updated president obama on what's being done to contain ebola. meg joins us with the latest. good morning. >> good morning. still just one case of ebola

diagnosed here in the u.s. he's in critical condition now. health officials are monitoring his contacts. about 48 people including ten of whom had he close contact with. they'll monitor them for 21 days. the cdc also noting as expected they're receiving a lot more calls from the public. a lot more fear about ebola. they're saying they're receiving 800 calls and e-mails a day about ebola. they say some of that fear and awareness is appropriate so health care workers take the necessary amount of caution to deal with this virus if they do see it. now, of course, news that the nbc cameraman ashoka mukpo is arriving in the u.s. today. cdc director tom frieden is

briefing the president later today. and we will talk to him here later this hour. >> thanks for much. from ebola to protests in hong kong to fighting isis in the middle east. growing international uncertainty is in focus. and many fear this could spill over into u.s. markets. steve rattner and dan seymour join us to discuss an early -- i brought up it was in a paper not particularly friendly to the president saying on the economic front and foreign policy front, no new ideas and everything is a complete mess. i guess you would say he put you in charge of the autobailout. that was the greatest thing he's done. that's something to write up as an a-plus. >> you said no new ideas. >> i wasn't saying it. >> some other paper says it. >> "the daily news" has not been nice. >> if you read this speech last thursday and i'm sure you did, i think he laid it out clearly. he basically said the economy is

recovering, we're adding jobs, gdp is expanding. no, incomes are not going up as much as they should. we have a problem with the middle class. here are seven things we can do to fix this problem. specific ideas. you may say they're not new, but they're the right ideas. and you have a congress that does not want to do anything. >> he's got some ideas he has not acted. >> you say he has not acted. >> i will say he has not acted. both sides have good ideas, steve. some people would say keystone probably was something we should have done. >> yes. >> or maybe looking at certain regulations or opening up some more things to drilling and making it easier. >> well, we should get rid of the ban on oil exports. >> all of these things would have helped. >> the senate will not vote on any of these things. >> minimum wage is just electioneering. that's not a serious proposal. >> no, minimum wage is a non-trivially good idea to solve one piece of a problem. >> did you see this today in the

journal? minimum wage, maximum politics. a mandated 40% increase in labor costs would put people out the work but anything to put -- >> you are reading some op-ed piece by some member of "the wall street journal" stable of -- >> you're breezing in the other side. >> so first of all, the idea that congress is holding everything up, the senate is in control of the democrats. they boent allow a single vote. they won't a single amendment to come forward from republicans. >> the reason nothing is hamg in the senate is neither side has 60 votes. without 60 votes you can't have cloture. >> and there's stuff on the bipartisan front that could happen if harry reid would allow them to be introduced. >> and you have a speaker of the house, no criticism of him, but you have the unusual situation who cannot deliver his own caucus. >> actually on some big issues he has, but -- >> on some.

let's move on to -- >> -- it would pass in the senate. [ overlapping speakers ] >> let's talk about the president' speech. >> it was an interesting speech. not a single democrat is going to run a clip of that speech in the ads in the fall. republicans will. the president said i may not be on the ballot, but my policy agenda is. the first candidates to run a clip of the president's speech were republicans. because no democrat wants to campaign with the president or his agenda. >> i'm not going to disagree with you. the president has a 40% approval rating. part of the reason in any opinion is because incomes in this country have not grown in the last five years. okay? we added 700,000 auto jobs. we lost 10 million in the years before that. for many americans the recovery is not here. hard to be popular under that. secondly, i might blame congress. but the country tends to blame

the president. the country thinks it's the president's job to get stuff done. i think it's hard to get stuff done right now. >> can i ask one question though? instead of the minimum wage, something like the earned income tax credit, includesing that has more support. >> it would be a better idea. >> i agree. >> or this is what always gets me. once again i'm hearing that congress or the government has been shackled in creating jobs. and the idea that there's some magic elixir the government can do. all we're asking is they get out of the way and unencumber the private sector. he's been anti-private sector. >> there are those of us who think government's job is not just -- >> but you know the private sector is where the jobs come from. >> yes. but ceos would be the first to come on this show and tell you and i'm sure many have, we can't get the kind of skilled workers

we want, they're not trained for this, they're not trained for that. could play a big role in that. i'm sure you have companies come in here all the time to tell you the quality of our airports and roads and ports are below international standards. >> again, that is a second bipartisan issue. you can do things like infrastructure, the earned income tax credit, you can do -- >> the pipeline -- >> infrastructure. everyone should agree we should do infrastructure. you cannot get agreement on how to pay for it. >> although you've got interest rates at the lowest you're ever going to see. >> you have private sector -- >> if the senate voted on keystone pipeline tomorrow, do you not think it would pass? don't you think it would pass in the senate? >> probably, it would. >> then you should be comfortable in criticizing the administration for not doing it. >> i have repeatedly said keystone pipeline should be approved. i think the ban on exports should be lifted.

>> we had ben white on in the last hour and he said he could see the potential for corporate tax reform. >> i think they're in fantasy land. >> i agree with steve. i think the last two years of the president's second term especially if the republicans win the senate, i think that washington's going to be totally frozen. >> it's a great concept. you can see outlines of getting a deal. everything that dan has been yelling about the last five minutes. >> i don't think anybody will get to a place where we can do things. >> this is the tragedy. and you can blame barack obama if you want, and he deserves some blame. but it is truly a tragedy for america that we are sitting here with non-trivial problems. that stuff isn't happening. nothing. zero is getting done. >> the last two years of the president's second term are all going to be about global affairs. there's going to be little on domestic and economic policy in washington. the president has the widest

latitude over what he does overseas. he's going to decide he can't get anything done in washington. that's where the focus will be. >> all right. as bad as congress talking to you two guys. >> we actually agree on more -- >> they agree they would pass stuff right now. >> one of the things we forget is there are certain things that were not passed and, you know, there are some people that are glad they weren't passed. there are certain things that these guys in congress were elected to do to make sure it didn't go further in certain ways. and we always forget that too. >> but look. if -- >> plenty of things he suggested that people on one side would have thought would have made things worse. i mean, given the hostility towards certain parts of the private sector, why would anyone make an investment or hire anyone if they weren't going to -- by 2016 they could wait. we could have a new president, new prospects for regulations, less regulations, lower taxes, more certainty. we don't even know about

obamacare at this point. there's a lot of reasons to wait for clarity before you make business investments. >> but that's not why they're waiting. >> why has the fed stayed at zero so long? >> i think they're waiting because they don't perceive demand here. >> we're back to the chicken and egg. >> we're not. >> why don't we have demand? >> because people aren't earning enough. government does some stuff to help. but there's more it could have done and should have done. >> obviously we've got a lot more to talk about. we'll get the chance to do that after the break. also gm announcing another recall this weekend. we'll be talking about the future of the troubled industry with former car czar steven rattner. "squawk box" will be right back. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities.

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welcome back to "squawk box" this morning. walmart to work with direct health.com to let consumering compare coverage options in plans under obamacare. walmart won't receive commissions but it hopes to benefit by attracting customers into stores. another auto recall this weekend. gm announcing that it's recalling 57,000 vehicles. this one deals with potential problems with wiring in the

steering column. let's start off talking about that. you know a thing or two about what's been happening in detroit, what's been happening with big recalls. is this a good thing we're getting problems fixed up or is this showing there are way more problems than we realized? >> i think there's a couple pieces. first of all, when you have the really massive recall problem where people were dying and things like that and there was some sense that -- a valid sense they had been inattentive to these issues over the years, the natural reaction of anybody especially new management team would then be to swing the other way and let's recall everything -- >> recalled every car they've ever made, basically. some of them twice. >> exactly. let's get it behind us. if you watch the stock price, the market has been pretty quiescent about this. the actual events of the recall don't seem to be moving. they had a great september in car sales. consumers still out there buying their cars. so i think it is something

they're obviously trying to get behind and can get behind. >> the ford announcement is for a lot of different reasons. but part of it was because of what they see slowing down in south america and europe. what does that tell us. >> the ford slowdown is much more interesting in some ways because it tells us a lot. for consumer facing companies, especially, this slowdown we're seeing, parts of south america like brazil. the question of whether china ultimately slows down. these are really important questions for our companies and for the ability to be profitable. there's no doubt that we are an interconnected world. and what's happening in these places are s not going well for us. >> we saw the jobs numbers on friday. they were better than expected numbers. that made people breathe a sigh of relief. what do you think is happening? >> the top line number is encouraging. the reality is participation rate is low. wages are low as we talked about. people are fleeing the workforce.

most of the jobs created are lower wage jobs and the wages aren't really increasing. so this is not a good story. the public mood reflects that. a poll just came out, 69% of those polled last week said the economy's either not going well for them or is going very poorly for them. you're seeing this manifest itself all over the place. you see it in the midterm elections. it's hard to argue we've reached this record new low and then look at the mood and look at this polling and not see there's something else going on. >> there's a disconnect. >> there are people fleeing the workforce. >> fleeing the workforce. but it's exactly what you said. it's really the problem not of the 94% -- of e 6% unemployed. but more of those not employed because wages are not going up. americas become justifiably quite pessimistic about their economy. i don't blame them. >> we're going to have more with dan and steve after the break.

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welcome back to "squawk box." you know by now i was over playing in the most phenomenal tournament, the alfred dunnhill. i got back and saw there was a big luxury piece on lvm 8. number two is richmont. i was kidding i now have the scottish syndrome. because you really do develop a respect and admiration and love for the game in the tradition because you're right there at st. andrews. i was actually able to visit the inside of the royal and ancient at st. andrews.

you get chills inside the place. anyway, the experience of the tournament, the way they put it on was absolutely phenomenal. every aspect, every detail. also it's run by this guy who's a south african billionaire and philanthropist with underprivileged kids. he is there running the tournament, every detail from "a" to "z." he's hilarious, gregarious fellow. when he talks about the game and the tradition at st. andrews, you can just see that it's really special. it was really cool. >> i want to see more pictures. >> one of the most beautiful courses i've played was kings barnes. i almost quit the game after playing carnusti. played with a great pro robert rock. you would, like, women -- i mean, this guy is single,

dashing. >> do they call him the rock? >> you know what? that is -- he is solid as a rock on the golf course. >> exactly. >> it was an experience i'll never forget. and andrew, i have a new love for you because of st. andrew. still to come, cnbc's next 25. the rebels, leaders, and innovators over the next 25 years. and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features, plus powerful mobile apps so you're always connected, wherever you are. because at scottrade, our passion is to power yours.

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welcome back to "squawk box" this morning. making headlines, shares of hewlett-packard are jumping on the news the company will be splitting itself into two. the pc and printer business will use the name hp inc. you don't want to miss meg whitman coming up on "squawk on the street." also dickinson is buying carefusion. that transaction valued at $12 billion. carefusion makes infusion pumps. dickinson makes things like

disposable needles and things to make you squirm a bit. and the head of the cdc will update president obama today on what the agency is doing to track and contain the deadly virus. dr. thomas frieden will join us in a couple minutes from now to discuss that. >> he's the guy. >> he is the man. >> catheters are a lot of different things. it's youed for -- >> i'm not a needle person. >> i thought you meant the other kind of catheter. i've seen things done when a guy's under anesthesia where you know he's going to be sore with some of those catheters. when you remove a kidney stone. i saw that operation when i was young. i went into the operating room. it was like a -- and they just -- just went like that. >> all right. >> and then they snake a fiberoptic up. >> i hope you're enjoying you're breakfast. while we talk about that, we'll talk about crude oil hovering around $90 a barrel right now. wti hitting a 27-month low last

week. and brent falling nearly 5%. this is the steepe esest declin a year and a half. joining us is boris slatserv. first off i think i saw 125 for the euro this morning. what's happening? >> the euro is bouncing back a bit. the euro definitely is the key component of the dollar strength story. there are two stories within the dollar. there is the destruction of growth basically in the eurozone pen that is just pressing europe to the downside. especially given the fact there is whether they're going to do the full qe. and the french are now on the sidelines. so there's all sorts of concern as to whether the ecb will be able to stimulate the economy going forward. it's clear from every piece of data that eurozone is on the gus. of a recession.

euro against is hurting badly. >> so one second. euro -- europe in a decline in a recession would be bad for the euro. but also you have a situation where the ecb is massively stimulated, that's also going to hurt the euro. is there anything to make it stronger. >> i think it may not necessarily be bad for the ecb. but if it stimulates growth because i think the market is going to look at that as a resuscitative measure. because the rates are pretty much at zero at this point anyways. and what europe needs at this point is just actual economic growth. if they can stimulate it through qe, it may be a positive in the long run. >> one thing that might help stimulate the economy more than anything is a weak euro. >> you are correct. i think in many ways that is one of the sort of self healing components that's gone on right now. it's not enough.

the demand for russia has died on the vine. they need to stimulate to get growth growing. it's similar in many ways to what's happening in the u.s. there's no single person that's driving the agenda at this point. they don't have the fed a full control over the monetary policy. i think nast a -- you know, creating lots of problems. we may see more problems going on in the second half of this year. >> is greece broke again? >> you know, i got to tell you, i read a very interesting story over the weekend. which talked about the idea in the early '50s we renegotiated all of the german debt completely down to a quarter of what it was worth. if we made germany pay back everything they owed us after world war ii, they wouldn't be in this position. it's important for everyone to become much more cohesive

towards greece and southern european economies. >> did you see the piece saying they're una i believe to pay their debt service in eight months. >> absolutely. structurally there's no way austerity works. you have to monetize the thing out of existence. you have to destroy it and then start fresh anew. >> that's what we're doing too. >> exactly. in a more surreptitious way. >> the whole world is rushing to the value. i don't know how that works. when everyone is rushing to devalue their currency, sooner or later it seems like it hurts everyone's standards of living down the road. >> because the problem is we just -- we were in this deleveraging mode. this recovery is different from all the other recoveries. because nobody is spending money. for example, the story on friday is everybody is coming back now we're making jobs but not money. that's why the recovery is not working.

yes, the dollar is down against the euro and pound. look at the yen. it hasn't broken 110. why is that? because until we get to see that with conviction, i think the rally is a move here. cnbc getting ready for the next 25 years. the rebels, icons, and innovate thaers will shape the future. and then we've got the head of the cdc set to brief the president today on ebola. we have the director joining meg tirrell. "squawk box" returns in a moment. above all...is health. so we quit selling cigarettes in our cvs pharmacies. expanded minuteclinic, for walk-in medical care. and created programs that encourage people to take their medications regularly. introducing cvs health. a new purpose. a new promise... to help all those wishes come true.

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welcome back to "squawk box" this morning. in honor of cnbc's 25th anniversary, we're set to take the wraps off our latest list. it's the next list. the most influential people for the next 25 years. the rebels, leaders, and innovators set to change the face of business. here's a look at shakers on the list. ♪

>> i'm interested in things that change the world or affect the future in wondrous new technology. ♪ >> you can have a really big impact with a really creative idea. but it has to stand out. right? so for us pushing a button in a rolls-royce ghost picking you up, that's standout. ♪

>> i think at the end of the day air bnb is about assets. it's nost people's homes, it's time. ♪ >> we feel really excited about the future. we know as long as we continue to execute, everything will work out for everybody at gopro and more importantly for our shareholders. >> here to take us inside the selection process is eric shurmburg. he's one of the key members of the advisory board who had a hand in constructing the final product. good morning to you. >> hi, andrew. >> always easy in hindsight to see who were the winners and losers. we did that with the first 25. i wouldn't say that's easy. it was hard. >> that was tougher. >> this is prognosticating and predicting what the next 25 years looks like. who in your mind were the easy ones and who are the hardest

ones on this list to decide on? >> the easiest one of all i would say is elon musk. i mean, look at his history. the guy is incapable of having a small idea. and if you think in the future over the next 25 years that electric cars and space exploration and solar power will have an effect on the face of business, then elon musk is going to be behind it. the hard ones are the ones where you have a lot of admiration but it's definitely to say will that roll forward to the next 25. and that's why some significant people of recent years didn't make the list. >> what about age? how old do you think you have to be to be on this list? >> well, it helps to be under 40. musk is 43. a lot of people you just saw in the package are 39. so they'll be pretty vital by the time 2039 comes around and we find out how good this list

was. >> jack ma's on the list. he's older. when he was 49 he decided he was going to step down as ceo of alibaba and said that the reason he was doing it was that he couldn't at his age he didn't think he could keep up or understand what the future looks like. >> if you think that china is going to play a role in the future of business, and how could you not think that, then ma needs to be on the list. >> let me ask you about two others. we have finance names on here. we have dan rove on here. is he the next carl icahn? >> he could be. sure. you know, you want to leave open all possibilities. >> most of these names are tech names. that was a finance name. is there any other name you would focus on that we don't think enough about that hasn't had the kind of spotlight and star power on them as these other names? >> everyone on the list is

pretty well known. think of shane smith. think of him as a media mogul for the 21st century. the interesting he's one of the founders of vice media. what vice media has done has been to succeed not so much by changing the platform on which the media is transmitted, but by changing the style. maybe that's what the future holds for media. >> we appreciate you helping put together this list and being here. >> my pleasure. coming up in the next hour, we'll meet one of the members of the next 25 list on "squawk." that story coming up at 8:40 eastern time. up next, though, the latest on ebola in america from the cdc director. plus at the top of the hour, the bulls storm in. check out this futures. you'll see right now things are indicated higher once again.

the dow up by about 24 points, s&p by over 5 points. "squawk box" will be right back. when change is in the air you see things in a whole new way. it's in this spirit that ing u.s. is becoming a new kind of company. one that helps you think differently about what's ahead, and what's possible when you get things organized. ing u.s. is now voya. changing the way you think of retirement.

welcome back, everybody. the director of the cdc, dr. thomas frieden, will be briefing the president on ebola today. but before he does that he joins meg tirrell who is standing by in atlanta. >> we're here with dr. frieden

at the cdc. thank you for joining us. >> great to be here. >> the question everyone wants to know is could we see more cases here in the u.s. >> as long as it spreads in africa, there is a possibility we'll see another one like in dallas. that's why we're working with hospitals, emergency departments, nursing staff, others throughout the u.s. to increase that level of concern and readiness to make sure that if a patient comes in with a travel history to any of these three countries in 21 days and has symptoms, fever, they're isolated and rapidly tested. we've seen more than a hundred people who have had possible concerns. and tested those that had real concerns. and this one patient in dallas whose recovery we're hoping for is the only one with ebola in this country so far. >> and you mentioned potentially increasing the entry screening here in the united states. what would that entail? when would we potentially see that? >> cdc's number one priority is the safety of americans. we work 24/7 to protect americans.

we're going to look at different possibilities. right now we made sure there's a rigorous exit screening process. and we want to know what to do by letting it expand throughout africa, but what can we do to keep americans even safer? >> and you're briefing the president today. what can you tell us about what you'll tell him. what do you expect him to ask you? >> the president has been very forward leaning. he's been really terrific at focusing on moving out quickly and doing everything we can to protect americans and stop the outbreak at its source. >> one of the problems there is patients like duncan might travel through other countries before coming back to the u.s. how can you deal with that idea? >> we wish we could do things to make the risk zero. but as long as it's spreading in africa, it's not going to be zero. we can reduce it here. we'll look at all steps that might do that. but we have to stop it at its source. we're seeing signs of progress

in africa. >> tell us about vaccine efforts underway. how can cdc help success sell rate those efforts? >> i'm encourage d but two models. we need to get those into the field for efficacy trials to see if they work in africa as quickly as possible. >> i think joe might have a question. >> doctor, in terms of the cocktail we developed for hiv fairly quickly, by the way, aren't there similar mechanisms with the virus that if we ramp things up very quickly here, we could develop a cocktail? i don't know if we know the current cocktail. do we know whether that helped people who have gotten it? what do we know about the existing therapeutics? >> the existing experimental drugs are promising in an animal model. they've been used in a few patients. we don't know if they work. we know basic medical care is

really important and can probably double the survival rate of patients with ebola. so there's things within our grasp now that will make a big difference. >> and in the united states, you have a good chance of surviving? >> 35%. survival rate, is that right? or you cut the odds of death to 35%? >> well, each patient is different. the likelihood they'll survive will change depending on how promptly they seek care and how well their fluid and elect electrolytes are managed. cdc has trained 4,000 people in africa now. the outbreak in nigeria appears to be over. the tracing in texas has identified all the people who are known to have had contract and tracked them. and has confirmed as of now none of them have had had fever or symptoms. so i remain confident we can

control this. but it's going to be a long, hard fight. >> you've mentioned a couple drugs that mr. duncan in dallas could potentially be treated with. but the w.h.o. outlined many more drugs that could potentially be used. one has never been mentioned. why is that? >> we're looking at all possibilities. it's a desperate situation when patients are this sick. you want to leave no stone unturned. but you also don't want to give things that could harm them. >> doctor, i have another question for you. here in the united states we've been preparing for this. we've been waiting for this. expecting it to arrive on our shores. just in the case of thomas duncan, there have been missteps all along the way. first the hospital sending him home even though he told them he came from west africa. and isolating the family where it hadn't been decontaminated. not finding anyone to take out

the bed sheets and towels that were contaminated. and one of the people we were supposed to be tracking disappeared for over 24 hours. how can you say that you're still confident when we have seen missteps every step along the way with the first case? >> the two things to focus on are prompting diagnosing patient who is have ebola. what we're seeing now is ebola is top of mind for doctors, health care workers, nurses throughout the u.s. and that is how it should be for anyone who has travel to liberia, guinea, ore sierra leone to immediately isolate them, evaluate. and the second -- >> but texas presbyterian already had all of those emergency situations in place and somehow it didn't work. >> this is a teachable moment. that's the kind of situation that shouldn't happen. and we're working with hospitals, with doctors to do everything possible to increase that level of suspicion. so if patients come in with

symptoms, they're immediately isolated. and i can tell you for sure that the interest level is up. we used to get about 50 calls or e-mails per day at cdc. we've gotten about 800 per day more recently specifically about patients and concerns. we've done everything from twitter chats to webinars. we've provided tools to every hospital in the country. the second thing is tracing. every single person who had or may have had contact with the indexed patient in dallas is being tracked every day. none of them have had symptoms or fever. >> doctor, we talked about the flights before, but could you see any situation and is there a threshold you would change your view about flights into this country from west africa? >> we're looking at all opportunities. we need to say first off our number one priority is the safety of americans. second, we need not to do things that might inadvertently make

the outbreak worse. i can tell you when i was in liberia a team that was trying to help got stranded for five days because of flights. with the best of intentions we have to make sure we don't make things worse than better. >> you've said over and over the only way to make the risk zero everywhere is to limit the spread, stop the outbreak in west africa. what's being done there by the u.s.? what more should be done by the u.s. and its international partners? >> we're seeing signs of progress. the u.s. has the largest response in our history that we've got 135 of our top disease in the world. we're seeing groups from around africa, around the world helping out there. we're seeing some behaviors begin to change to be healthier in terms of practices and care giving practices. we've trained over 4,000 health workers in africa. we're seeing signs of progress. it is going to be a long, hard

fight. >> thank you so much for joining us. >> thank you. next when we come back, or next hour we're going to talk to dr. scott gottlieb. we're back in just a moment. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets.

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the company splitting off a key business. the latest and what's next for the tech giant hp. the bulls are back. wall street looks to make it two in a row after a jump on the jobs data. plus the ceo of little bits. like legos for techies. putting electronics in the hands of everyone. everything is awesome right here on "squawk box" as the final hour begins right now. i don't know what that is. oh, lego movie. you know, my kids think the person was a ceo.

welcome back to "squawk box." i'm waiting for lady gaga's rock album. she was inspired by robert plant, supposedly. i'm joe kernen along with becky quick and andrew ross sorkin. we do have a top corporate story for you this morning. that comes to us from silicon valley. but not new tech, really. kind of we already think of hewlett as old tech. hewlett-packard. there are two of them. >> that's not how they're briefing it though. >> all right. they're going to break into two parts separating the pc business and printer business from technology services. josh lipton is outside hp's headquarters. and i just think your location will give you some insight into this whole thing, josh. >> well, joe, so hp actually considered this breakup, of course. but ceo meg whitman showed three

years ago now apparently whitman having a change of heart and believes these two companies could compete better than one. here's what the hewlett-packard is going to look like at the end of fiscal 2015. you'll have one devoted in computers and printers. the other to i.t. services. whitman will head up hewlett-packard enterprise. and dion wiesler the other. hp was shopping around and couldn't find takers before. hp, remember, used to dominate the pc markts. but last year it fell behind china's lenovo to number two in the pc market. in its last reported quarter, pc division did $8.6 billion in sales. that was a 12% year over year

jump. part of that was because microsoft was any technical support for windows xp, that meant companies had to upgrade their machine. that is a tail wind that probably isn't going to continue. all this change happening as whitman enters her third year. that stock is up and it's moving higher. back to you. >> thank you very much. let's bring in david faber for more on this. we spoke with you earlier this morning, but obviously this is something that people are still trying to get their heads around. tell us about what process took place. you said this has been going on for three or four months. they've been talking about it at the board level. >> every board, of course, does a strategic review virtually every year. it's not as if this is a foreign concept. while we may remember back in 2011 under the disastrous leader, he had considered or actually was planning on spinning out the pc business.

not printing and pcs together. but again, the idea of separating this company in some way has been around far long time. and the board has been revisiting it time after time. in previous interviews, whitman has indicated to me they wanted to continue to prove the thesis that the company was better together than apart. the whole one hp concept. apparently over the last few months citing the speed of change in the technology entry in the enterprise part of the business which in some ways had been slower moving, they have decided that these companies are better off as being more agile and more focused. interestingly the same words we heard last week from john donahoe at ebay, the guy who came after meg whitman there in explaining why they were doing a 180 on their decision to split that company. here, of course, it's been around for a long time. but the last three or four

months has been the key consideration points. >> david, i guess the questions, there's a lot of them that still come. what's next? how does this get processed. and we were even kicking around questions like do either of these companies stay in the dow 30? >> well, i mean, they are going to be numbers 48 and 49. the s&p, 50. we're going have one hp inc. with revenue. they're near each other. interestingly profitable so they're still going to be enormous enterprises. i think that has to be something as well. whitman has mentioned to me many times and she did again in this deal. the broad complexity of the business. i asked her was it simply too complex for you to manage.

she wouldn't actually answer that question. but i'll get another chance to put it to her when she joins us at 9:00. >> we'll be watching that. thank you very much. again as david mentioned, that interview with meg whitman coming up at 9:00 eastern time. we have a not so spooky start to october for the markets. but it has been a wild ride. the dow having its best day in seven months. and the s&p seeing its strongest performance in two months. you can see there that the dow looks like it would open up about 50 points higher. and the nasdaq up a little over eight points. here's a look at what investors should be expecting in october. >> well, andrew, you said not so spooky. i'm going to say that depends on where you're looking. so check out this chart. this is the dow, the s&p, and the nasdaq over the first three trading days of october. we may only be down a quarter of percent for these indexes so far this month, but this has been very choppy. you see it here.

take the dow specifically. that's logged triple digit swings for 11 of the past 14 sessions. the dow was down 367 points from thursday's low to friday's high. up 354 points. that's a total point move over three days of 721 points. volatility is back. that's thanks to slowing growth. particularly in europe and china. we've got the worries over russia and ebola. anticipated rate hikes next year. and the strong jobs report on friday. and the stronger dollar. i want to focus on the dollar. up nearly 8% over the past 12 weeks nap is the longest winning streak on record for the dollar index. that's pushing commodity prices lower. we've got crude oil in correction territory. and gold falling below $1200 an ounce. that stronger dollar could weigh. we're seeing the worries play out in stocks when you look at

the sectors lags. they are the worst performing so far this month. all directly impacted by those weaker commodity prices or outsized exposure to international markets. tech companies, they had the highest percentage of foreign sales. so very vulnerable. now, that is going to be the major theme we're kicking off earnings season this week. we've got young brands reporting tomorrow. 3/4 of its revenue comes from overseas. and then alcoa we have to watch closely. and of course unofficially kicks off the season. >> there we go. >> all right. let's get -- it's october? >> yeah. welcome back. >> let's get some perspective now from liz ann saunders. i was just made aware of the fact it's october. i want to let you know that. >> thank you. >> you're welcome. and what is it? the old expression, it's not a crisis, it's an opportunity.

that's what october has been many times. it's been scary. before you get to a bottom, you're selling off. >> you can play around with these numbers a lot. it's interesting that strong first days of october have bode very well for the rest of the year. we've never not had a strong quarter in the lame duck midterm election year. so you can find lots of reasons to be optimistic. we haven't had had the correction you tend to do. in fact, in the post world war ii era the average is 18%. i don't think we get that between now and november. so i think the kind of action that we have seen recently where you get mid-single digit peak to trough then the buyers step back in is probably the environment we're in, the context of a bull market that is certainly not dead. >> is there weird -- so many strange statistics.

just look at all midterms. doesn't matter which is coming into favor, which is going out. it would seem to me. i think it would make a difference whether there's a -- there's a lag with a lot of things. doesn't it matter who's coming in and out during the midterms? >> well, you have to look at both the administration but also the makeup of congress. i'm not sure there's anything terribly clear. a lot of it has to do with expectations, the fact the market is a leading indicator. so at times particularly if you're dealing with a wave election, you might see a move in the market in anticipation of something happening. so it isn't that clear. what is clear is the rally that tends to come after the selloff in mid-election years is quite

strong. the average increase is 32% over the next year. it is powerful almost regardless of the makeup of congress or who's in the administration. >> david, last time you were on, i think you were not quite as happy and positive as recently. with the first rate hike coming. where are you right now? >> we pointed out sales growth had been slow. we had some concerns that interest rates would rise. that's not been the case. we basically pointed out all year long, it's probably worthwhile to wait for that typical september/october seasonal softness. and the market tends to be very soft, tends to decline. but the way we see things right now, interest rate risks right now is evaporated. i do think the outcome of the elections matter. we're looking for a republican victory in senate. that's worth 50 points in my s&p

target for the rest of the year. our message is buy the dip but do it with what's been performing well year to date. that's health care and technology. we think the dollar head winds are real. the commodity prices may only be just beginning. so we're watching out for energy industrials and leaning deeply into tech and health care. >> i wonder. do either one of you think that the market now knows about the rate hikes and we're not going to get any effect whatsoever? it's going to be that we've already -- it's totally baked into the cake already? >> i'm not so sure about that. we've been in this era of transparency over the last 20 years or so. you can use the '94 cycle and the '04 cycle as guide. the initial hike in '94 was more of a surprise. but in the 2004 to 2007 cycle, the market was up 30% over that

entire period. but you had five corrections. and they averaged about 7%. so even in an environment where the fed is incredibly transparent doesn't mean you won't have some of these short-term bouts of weakness in the market. i think the corrections might be a little more mild because there's still so much skepticism right now that dip buyers come in more quickly than has been the case. >> but then pullbacks, you never know what causes them. do you think it's going to be when the fed moves? it just seems like -- i can't believe the market hasn't sort of figured this out. >> we're not worried about the fed moving any time soon. we've always delivered the message. watch out rates affect credit, currencies, and commodities. what we see going on in credit and especially currencies right now and what that's doing to commodity prices, we're already getting turbulence in the outlook because of prices. and we haven't had any move in

interest rates yet. don't brush off that risk. it is a major risk, but i think the interest rate risk is one. >> thank you. we'll see you again soon. we're okay so far. 17,000. i expected something. >> if you hold on and you didn't sell on the way down, maybe it's a chance to buy. >> you were watching all that last week. >> liz ann pointed out every time there's a dip buyers rush in faster. >> we said it. if it's going to keep going higher, the market never lets you get in 10% lower. >> if you've been waiting for 10%, go 30% more? >> just get further and further -- >> then 10% is not such a bargain anymore. when we come back, the supply of zmapp, the drug being used to treat ebola, it is gone at this point. scientists are scrambling to produce more. it comes as a freelance cameraman is arriving in nebraska today to begin treatment. "squawk box" will be right back. s in the world,

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welcome back to "squawk box," everyone. the cdc scrambling to calm ebola fears. some have actually called for a ban on all flights from west africa. but in the last hour the

director of the cdc said that could make the outbreak worse. dr. scott gottlieb has been writing about this. what do you think of cutting back on flights between the two? >> it'd probably destabilize the problem in africa. but there are steps to take to increase the screening. we could put the cdc in charge of the outbound screening to make sure people don't board the flights if they have signs or symptoms. >> in the west african nations. >> right. there's an article in the globe today that talks about what's happening and how the screens are taking place. they don't seem effective right now. we could step that up. >> first of all, a couple of things. reading over the weekend in different places, people say you can suppress a fever if you were just to take tylenol or something. saying you could board a flight if you were making sure to get to the united states for better care. and second of all, the patient who did arrive eventually on our shores with ebola didn't have it for days after he got here.

>> right. there's no system that's going to be full proof on that end. you're going to have people that want to come out and get here. most are flights connecting through multiple airports. i don't think you're going to b able to shut down that travel. that's why the key here is getting ahold of the epidemic. that continues to spread, we reach a tipping point there. we're not going to be able to prevent it. >> scott, how did with -- when was the last few outbreaks? what i keep reading is we know how to do this. we've done it before. we've stamped it out before. how long ago was it? was air travel as predominant back then as it is today? should we be able to handle it like we have before? or is it different this time? >> it's different this time because it's in an urban setting. you can't isolate the region

that's now infected in west africa. >> what's nigeria done then? >> they had one case. and to say the epidemic is over in nigeria, out of western africa this time of year. you're going to have people moving out of that region and into other parts of africa. >> so you remember how we did hiv. we started with a place where there was something on the surface of the infected cell where it got in. there must be clear mechanisms on drugs we could design to design a cocktail. how long would that take? >> we have a lot of drugs right now that look to be very active against ebola. fuji has a drug. >> what's that do? >> it inhibits the replication. tekmira has a drug that looks effective. provided 100% in monkeys. there's another that works by

the same mechanism. so there's a number of drugs that looks like they could be active. >> it doesn't sound -- to put a cocktail together, if worst case scenario happens, we ought to be able to -- >> it's not a very hearty virus. >> as you pointed out it's scary. it mutates a lot. >> right. >> what we really need is a their buttic. >> let's say you have it full on. and you go to the best hospital in the united states. your chances of survival are what? >> united states probably a lot harder than it is -- >> like what 100%? well over -- >> well, it's better than the rate in africa. >> and in dallas he's taken a turn for the worse. >> le presented late. if he had been diagnosed when he first presented, he'd be in much better shape now. >> scott, how concerned should people be? we know it's a difficult disease

to contract, but now that it's here, now that we see these cases what should people be doing? >> it's unlikely we'll seal an epidemic on tv. we will see outbreaks of this in the future if we don't get a handle on what's happening in west africa. this index case in dallas and might see secondary case -- >> where do you think we go for real? we talk about this 21-day incubation period. 11 to 12 days is when people actually see it. are you really clear after that or not really? >> you're not clear up until about three weeks. you develop some symptoms before you develop a fever as well. so you could have viral shedding before you develop a fever. there's a lot of variability. >> viral shedding. that means con --

>> it could take for it to develop after you develop some initial symptoms like flulike symptoms. that's what the world health organization has on their website. there's a good article on their website. coming up, a powerful typhoon slamming japan. plus a spotlight about to shine brightly on aig this week as regulatory rock stars of the financial crisis -- that's a weird term -- are ready to take the stand. later, they're like legos for techies. little bits of tech labs is changing the way our kids learn and shape our future of technology. more on cnbc next. i know what you're thinking... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you

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welcome back to "squawk box" this morning. storm bringing heavy wind and rain. and u.s. air force confirms three airmen were washed out to sea while taking pictures and say one died. air force helicopters and japan coast guard resumed the search early this morning. also 400,000 residents were moved to temporary shelters during the storm. when we return, the ceo on the resignation of bill gross. curtis arledge will be our guest in a moment.

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welcome back to "squawk box," everybody. shares of carefusion jumping this morning. becton dickinson is buying the

company for more than $12 billion. and that is a 26% premium to friday's closing price. bitcoin plummeting. the currency losing nearly a fifth of its value. dropping to a low at one point yesterday. among some of the reasons cited, traders were pointing to bearish technical signals, worries, and selling by early adopters. also the nba reaching rights with disney and time warner. the league is more than doubling the fees that it got under previous contracts. turner's tnt and disney's abc will double. >> it sounds like a crypt. >> or kryptonite. >> cryptocurrency makes it sound like it's dying. >> maybe it is. >> tales of the crypt.

week two of former aig ceo trial. the witness list reads like a who's who. we called them financial crisis rock stars which i thought was weird. >> yeah. i think who's who might be a better way to describe it. i think that's probably better. you know, it's going to be an hour from now that greenburg's lawyer beginning questioning the secretary hank paulson. he's expected to be on the stand probably all day today. possibly leading into tomorrow. he's going to be followed by his successor. and then on wednesday morning and thursday morning, former federal reserve chairman ben bernanke will be on the witness stand. now, the three men of course were the architects of the government's response to the financial crisis including a $182 billion bailout of aig. the firm's former ceo hank

greenburg and his investment firm charging the government violated their fifth amendment rights by charging high interest rates on loans and failing to pay a fair price to investors when they took a 92% stake in the firm. now, in opening statements that were made last week, they called the government's actions extortion while the government's lawyer called the aig shareholders unappreciative given the firm would have failed without a government bailout. he does have his work cut out for him today and all this week. he's requesting three men who have spoken fatherly ebs tensively about the bailout including their response to the financial crisis including that aig bailout. look for him to hone in on as to why they charged aig such high interest rates on loans and also why they weren't more ae gre aggressive. the trial starts today at 9:30 and we'll be giving updates --

be back here with updates throughout the day. >> mary thompson, thank you. >> i find this whole thing laughable. >> you do? >> the idea it was supposed to be fair. the company was going under. it didn't matter. either bankruptcy or not bankruptcy. that was the option. it was not -- there's no -- there's nothing fair about -- >> you need to go back further though. you need to go back to when, you know, maybe a witch hunt -- >> eliot spitzer -- >> got him out to where he wasn't there. >> unfortunately for greenburg, he lost that fight. that's a different fight. that's not this fight. >> bill gross coming out of the shadows speaking in an interview for the first time since his abrupt departure from that first. he says he's you sneakily exuberant about giving up management responsibility. first let's find clients and their money.

has loose change compared to the fund he managed at pimco. and curtis arledge knows the business. he's ceo of bny. the whole thing has to do with how we can make money and what might turn out to be a low interest rate environment. in a point where we've got central bankers trying to deliberately to move us out on the risk curve because it's so hard to get a return with fixed income. can we get a good return in fixed income if inflation stays low? are you excited about the five year prospects for fixed income? >> i think the fixed income market is a good place to be given the backdrop of the market.

eve for the 28th mornth in a row we're below the inflation rate. rates are low, returns are low, and fixed income actually can generate a reasonable return in that environment. >> which all sounds, you know, not that exciting. >> it's exciting if that's your goal. >> right. and people might need to lower their expectations. and it's different than what we were all convinced of. the the 20-year bull market and bonds was over. and you better get the hell out. that simply didn't happen. and it may not happen. >> i think there's this view that when rates fell for that long period of time as you mention it, the next thing that would need to happen is they go right back up. i think the reality is they're still dealing with the impact of the leveraging. think about it. if you were placed in the situation with the fed chair and someone hit you with the lenking

globally, the dynamics and the fact you have a participation rate falling. you have the impact of what technology is doing to jobs. 47% of all american jobs will be eliminated over the next 20 years, some said. you also have the impact of regulation. we've had significant regulation globally nap is a tightening of credit. there are a number of factors here that will keep us in the low environment for awhile. >> if you explained how bonds work to someone and said interest rates are zero, is this a good time. >> interest rates aren't everything. think in the context of what is the real rate. there are attractive returns. >> are you seeing anything that is in terms of overheated credit markets like you saw. we talked, we go way back and we spoke before everything hit the fan. and you were so concerned about toggle switches and all these

different esoteric investments that were really just sort of a way of showing how the credit issuers were. >> i think the markets are definitely more contained. there's been a lot of lessons learned from the '07 period. and i also want to make sure to understand the yield environment isn't just impacting fixed income. the rally in stock prices really has been a lowering of the discount rate that we're using for future earnings. what is a stock price? it's a discounted value -- >> moving out the risk curve. >> look at new york real estate. you have a stream of cash flows that potentially will actually go up. so there's income and potentially inflation protection. all these markets are being impacted by investor incentives. are there going to be mispricings? absolutely. >> is bill gross going to shine in this environment? he knows so much about bond

investing that that's where janus, the one he's managing, is going to be where all the big returns are in the bond universe now? >> hard to tell. completely different setup. hard to read. and the way we think about it, we have a different view of this. bny is the seventh largest investment firm in the world. but we operate now under 15 boutiques. we announced acquisition of another one this morning. >> i just saw that. >> and our view is it's very important for the investment teams to be focused, feel accountability and pride from their results. and their independent brands actually wrap what they do in a culture that they stand for. and again, we just don't believe that centralized investment teams should get that large. we think there is an optimal size. it's not always obvious that big s er is better for clients. i think clients are focused on capacity as an issue for their managers. >> all right.

i guess what i got out of this is you still need fixed income even though it's not that exciting. but you need it to prepare for the future. i mean, you just can't ignore it and you can't do what the fed tries to get us to do and move way out of the risk curve. you need the stability of diversification. >> i think there are important markets to watch. if you watch the five year break even rate which the market right now if you look at what's been happening, we've seen the market actually say that inflation expectations in the future are falling. that's a big deal. and also can be a barometer of what's happening in the future. >> are you doing your next 25? why do you have on your jacket? >> i'm freezing cold. >> it is cold in here. >> i went out there and read the headlines. and i was cold. so i put my coat on. >> he's afraid he's getting sick again. >> takes on a whole new meaning. >> no. >> no? okay. we got to go. all right.

curtis, thank you. up next, cnbc is getting you ready for the next 25 years. the rebels, icons, and innovators who will shape the future. the ceo and founder of little bits joins us next. and the hong kong protest, government reform on their mind. we'll explain when "squawk box" returns. but check out this live picture. this is omaha. this is where the nbc freelance cameraman who contracted ebola has just arrived. he is the second with ebola that's going to be treated at the medical center. this is him arriving today. location. location. (shouting) location. here's the location that matters the most. here. or here. or here. it's wherever this is. to get customers to come here and stay here, you're going to need an app that connects to all your systems. so they can bank, shop, do what they need to do, and you gotta do it fast. before the competition does. it's tough out here;

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welcome back to "squawk box," everybody. we've been watching the futures. they have been indicating higher this morning. right now the dow futures are indicated up by about 70 points. s&p up by just over 8 points. call it the investor's dream tool box. little bits is like legos for prototypes and electronics and everything else from toys to robotic arms to a wi-fi music player. the ceo and founder of the company is now on the cnbc next list which we're revealing this morning. joining us now is the founder and ceo of little bits. good morning. you brought some little bits with you, i see, on the table. first of all, congratulations on making this list. you are the future. we will have to check in with you in 25 years to see where little bits and you land.

but for those in the audience who don't know what little bits is, tell us. >> so little bits is a system of these electronic circuits that are preengineered and assembled so anyone without any background engineering or programming and wiring can make their own circuits. so you can snap a battery to a light and make a light go on. you can put a light sensor in between and mic something responsive to light. and create things that are prototypes of new inventions you have in mind. you can create something like a door bell so you can get a text message every time. >> ringing the doorbell, you get an sms on your phone. >> exactly. you can invent anything like people now can create programs and websites with a couple of training. >> what's the coolest thing you've seen somebody create on their own? >> recently we launched the cloud bit which is an internet-connected circuit that you can make internet-connected devices quickly. we've seen a big surge in pet

feeding devices. people create pet feeders. fish feeders so when you're late at work, you can feed your bet without going home. >> right now i imagine it's the enthusiasts, the real sort of tech guys and women who are doing this and using this technology. do you see all of us buying this and using it in ways in the future? >> i mean, a portion of our customer base is enthusiasts that are already tech savvy. actually the large majority are beginners who have never touched electronics before. you literally snap them together with magnets. you can't make a mistake and start to invent quickly. >> craziest thing you've seen anybody build? >> we've seen one of our members create this huge train track that combined lego and little bits and has sensors so the train as it's going throughout a room starts to create music like a giant instrument. >> what was the eureka moment

for you in terms of coming up with this idea? >> well, i studied electrony ei kal -- electrical engineering. it was everybody could create software in a couple of days. and i wanted to do the same thing with hardware. >> at m.i.t., right? >> at m.i.t., yeah. >> he's an m.i.t. guy. you teach him to sms his doorbell. >> i think i could have gotten c's. but i would have flunked out for sure there. >> only because you didn't have this. >> i'm listening to you and your question, but i don't -- i could put the magnets together but i have no idea what i'm doing. i need some instructions. you got a manual. >> there are instruction ifs you wanted them. >> you got to give them to me. >> this is a wireless transmitter and receiver. >> are they color coded? >> yes.

blue a power. green is output. pink is input. the only rule is you always need a blue and a green and pink and orange are optional in between. this is a light sensor. then you can make it wireless. this is a wireless transmitter here. let me just grab this. >> is there an industrial use for this? can you imagine companies coming to you saying we want to buy some of this technology to be a i believe to put together our own devices much more quickly? >> this is crazy. >> we have a lot of companies particularly engineering companies, industrial a signers, design companies, advertising agencies, things like tech shop, s.a.p. companies using it to do innovation, prototyping. and it gets them faster to come up with new products. >> if we called you in 25 years, where do you hope this all will be? what will this company look like? >> the goal is that just like now we're able to 3d print our own plastics and create our own website. so we'll be able to create our own electronic devices. but hopefully less than 25

years. five years. >> it seems like this is the type of thing that could get youngsters interested in engineering and take things seriously that they might not have thought of. >> we have about 2,500 schools using them as well. they use them in robotics and afterschool programs as well. >> thank you for coming in. congratulations on making the list and we look forward to see what you do in the future. >> thanks for having me. when we come back this morning, ebola fears in the united states. tomorrow on "squawk box," pimco on the defense. with the resignation of bill gross, will it change the way the bond giant functions? paul mccaully is our guest host. from the future of the firm to the state of the economy, we cover it all. "squawk box" starting at 6:00 a.m. eastern time. when change is in the air you see things in a whole new way.

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box." a look at futures. see how the market's setting it self-up. green arrows. dow will open up 6 point -- 68

points. nasdaq, ten points higher. >> we track what's happening with ebola, and plane carrying an american photojournalist who contracted ebola working with nbc in liberia landed in najari nebraska, undergoing treatment for the deadly disease. an ambulance was waiting to take him to the specialized unit, 20 minutes away from the airport. working in liberia as a freelance cameraman, with nbc, when he became ill last week. the fifth american to return to the united states for treatment. the nba reaching long-term media rights deals with disney and time warner. the league's doubling fees that are going under the previous contract, turner's tnt and disney's will air nba games. $24 billion, talking to david bank earlier about what that mean dplz thought it was a fair

deal for both sides. both sides get something out of this. >> sports stuff goes up and up, one thing that seems to have value. >> even though -- >> though what? >> a bunch of, you know, violent criminals. >> that is not my view at all. in other entertainment news, eurodisney agreed to $1 billion euro funding deal, backed by large disney, owns 40% stake, 10% owned by the saudi prince. i don't want to get crazy with it. eurodisney struggling with attendance amid the economic downturn. new financing package will allow it to invest in the business. at the weekend box office "gone girl" top spot. >> saw it. fantastic. >> the thriller starring ben affleck, $38 million. >> you have never missed the ben affleck opening on the night of the opening, right?

>> i don't know when it opened. >> recently. >> there was one movie in with j. lo i didn't like. >> i don't think anybody did. >> you saw that? did you see "maid in manhattan"? >> i don't know about that one. >> i saw ben the other day, i thought the first thing with matt damon but in a tv show. >> where was that? >> i can't remember. >> on the nightly news with brian williams. >> that's where i saw it. >> apparently he agreed to do a nude shoot but refused to wear a yankees hat. dave was tweeting that, man with convictions. >> oh. he'll do nude but no yankees hat. >> because he's from boston. okay. there you go. coming up -- a decent proposal, not indecent proposal, during the massive protests in hong kong. and make sure you tune in for "squawk on the street" following "squawk box" this morning because meg whitman joining

david faber at 9:00 a.m. eastern time, talking about the big hp split. "squawk box" returns in a mom. it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. centurylink your link to what's next.

not everyone at protests in

hong kong this week had reform on their mind april television crew showed a young man proposing to his girlfriend during the ongoing pro democracy protests in hong kong. surrounded by cheering protesters. the man got down on one knee and asked his girlfriend to marry him. and she said, go -- go fly a -- no, she said yes. and the couple hugged and kissed to more cheers from the crowd, according to cable tv hong kong. the couple has only been together for two months and they plan to get married on next year. >> welcome back. how did everything go? all right? 2:59 and you had to leave. you had to go. no control. >> drinking coffee. water. >> it's 8:59. >> i'm still young man. i started with -- >> not by that indication. >> i started with coffee early. that was the problem. >> and walmart, apparently, plans to work --

>> appreciate that. >> your jacket on. >> -- online health comparison directhealth.com. a catchy name. go as to let consumers compare coverage options and enroll in medicare plans or plans created under obamacare. walmart won't receive commissions but hopes to benefit attracting customers into stores. hilton, the jail block, hilton agreeing to sell the waldorf astoria to new york insurance group, price tag $2 million. continuing to manage the property under 100-year management agreement. the hotel will undergo major renovation. >> i didn't know hilton owned it. >> i didn't know hilton was one of the most successful lbls of all time. >> that's an insurance company. >> but it will be managed under the other brand. so steve schwarzman can do his events there, right? >> waldorf? >> yes.

>> all right. it's a good look for you. there welcome back. >> thank you. >> good to be back. >> it was really, really cool. i love -- i love scotland. glad they stayed i guess. >> beautiful. >> make sure you join us tomorrow. "squawk on the street" is next. ♪ ♪ good monday morning. welcome to "squawk on the street." carl quintanilla with david faber, sara eisen, simon hobbs. market hire all over hp news. earnings seasons kicking into first gear later this week. road map begins with hewlett-packard, splitting itself into two publicly-traded entities, one for pc and printer, one for services. hp's chairman and ceo meg whitman will talk to faber exclusively in moments. >> hp shares are higher this morning, but so are the market futures. indices looking to