good morning. 8:00 a.m. at amazon. 11:00 a.m. on wall street. "squawk alley" is live. joining us this morning, kara swisher, co-executive editor at re/code and for us the hour mike santoli. jon fortt as well. amazon getting hammered after earnings came in well below estimates. also a disappointing forecast for the holiday season. sales down 30% and tracking for the worst year since 2008. we all know what 2008 was like. >> cramer's point this morning was the analysts if you look at the conference call are truly

beginning to question the willingness to spend. >> it happens a lot with him. retail is a tight margin business and he spends like crazy on things that are experimental and sometimes that are super competitive because he's interested in these spaces such as the phone area. where they had a big goose egg obviously with that phone. which is a very good phone but it is a very tough market. >> i wonder if they are more upset about the spend torg opacity of the metrics. >> i think it has to be both. after last quarter and this quarter it is fair to question the thesis on amazon. the thesis might be broken. you look at cloud. they are spending a lot to expand into germany. microsoft already has better geographic coverage. they have an interesting enterprise story to tell. and then hardware, they extended there. did the phone. it didn't work. the best number we have on

microsoft's hardware efforts is now this write down number because they haven't told us how many tablets they have sold ever. at this point you have to question the valuation and wonder how long a haul are you in for. >> we have this conversation four times a year, mike. >> we do. and the reason it seems like a it's a sharper edge is because of how the stock has behaved. you had a draw dawn in late 2011. so you have had these crises of faith before. i think the story has changed less than investor interpretations. at some point they have to start reaping and less sewing. or vice versa. so i think we're at that point where we say did a lot really change or are attitudes just taking the turn. >> in the deal with hatchet, they made the point they are being a little more forth coming from a pr standpoint.

speaking out a little bit. is that a sign they are having to address the street more than they used to. >> i like your word opacity. fantastic. no, they are completely opaque. they always have. he always has been. we don't know how many fire phones sold. who knows. it wasn't a lot because they took the big write down on it. or how many they made or anything else. no i think this is an important area and when it suits amazon they talk out and when it doesn't they don't. they spend a lot of time not talking and sort of put apple and others to shame in my opinion in dealing with them. that's the way he wants it. >> and the tweets i'm sure you saw this morning. his net worth. 10 x the earnings the company has ever put together. >> it's exactly true but he also told you this in may 97 in the ipo filing. so we know that. nothing changed in his orientation.

and that's why i do kind of feel like much more of an attitude check for wall street than anything different from amazon. the operating cash flow is there. they could turn the taps of the spending. not as if this model is broken. it's just do they have the willing to do that. >> and the question for investors how much of a valuation premium does amazon deserve then? >> and take a look at apple. near all time highs compared to the year amazon and samsung has had. samsung is near the lows. so think about how sentiment is shifting. now we care about apple's profits and samsung is low end of the road. and amazon. when you can't get the premium you end up taking a real write down. >> we're going to watch certainly amazon's performance. and apple hit a new high for the third consecutive day.

microsoft, shares in the green. better than expected sales of hardware, cloud software. here is what nadella had to say. >> i think if you are not already spending a lot of capital in the order of 4, $5 billion each year to just grow your cloud, probably it is a little too late to enter the market. i mean that is the entry barriers. and there are a few of us who are in that mega scale of cloud. >> so that is the cost of entry. if you are not prepared to spend 4 or 5 billion a year forget it. >> that is the rated. same if you are a the network operator today you have to be in that business. and if you are a mega scale cloud provider you are committing a lot of capital. in our case multiple years. and we are not alone. there are at least two other plays in that area. >> so reflections in light of that conversation. >> everything didn't go

perfectly for microsoft. lines that were down. it helps that pc refresh commercial continues. but they have more levers to pull. they could afford to spend that 4, $5 billion and still have a surprise upside in the quarter and not get caught like amazon do did with the downside. >> michael? >> i agree with all of that but i also feel as if it's now in such favor on wall street we're giving credit for revenue beats and the x box refresh. it's kind of like if people were oriented to be skeptical you would be nitpicking more. but the stock is doing great. it's not really expensive and a ceo that still had more hon honeymoon left. >> unless he undid some of that with the discussion about karma and women's pay. some say that was an indication that he's not truly ready, wasn't truly ready to be named ceo and could have used a couple more years of grooming.

>> and maybe he doesn't think he's ceo and he doesn't understand the impact of what he's saying now. and that could be it. he's been so inside and things he said didn't have that much impact and now that's ceo and maybe he wasn't realizing that. he's very trained. and been at the company for a long time and he's quite experienced. >> the lead of the journals piece is microsoft may not be cool -- but. there still is this conversation about what whether he's cool or not. >> that's silly. i'm sorry. that's rid -- i don't know. who's cool? are you cool karl? >> i'd like to think so. >> i think you are cool carl. >> just like with the phones e they are not as cool as the iphones and the androids. but they are very good phones it's just not quite as hip as the others. i don't think people necessarily buy on hip. >> profits are cool again. i think that is part of what's

happening here. apple, wow look at the profits they are making. the iphone which people are beginning to write the obituary for springs back to life. the pc. >> contrast to an oracle or ibm. >> and microsoft just doesn't get anything new that's happening now. well it turns out they do get the cloud and now we're in the process of figuring out what levers do they have that they are able to pull. there are some. a big, x box quarter or well in the cloud. >> and how many years did it take for value investors saying this is dirt cheap and for them to be dead in the water in terms of strategy before they got to that point. so i do think the pendulum swings in terms of how the companies kind of listen to the market and deliver it. and then it goes the other direction. right now microsoft is in a good part of that cycle. >> and finally this has been a

week in which bill gurley expanded on comments about vc excess. we've had confidence numbers of vcs come down for the first time. are you feeling that. >> these are the people that made the party and drank too much and now they are feeling a hangover i guess. i don't know. they created had bubble and now they are worried about the bubble. it is coined of comical in some level. and now they fret over it. yeah i think they are. they are. they are worried about the valuations and worried how they are going to sell the companies and worried if they get the prices they paid or overpaid. worried about if they can go public. aum kinds of things like that. and vcs worry about rereturns and they should be worried about some of these companies. >> thanks kara. nbc is a minority stakeholder in re/code and we have a partnering relationship. we are awaiting a the new york city news conference and an

update on the ebola patient in new york city. meg has more. >> we're going start with some happy news. we've gotten news that nina pham the first nurse in dallas who had been diagnosed with ebola is being released today she's been treated. she's now virus free. the nih will be holding a news conference at 11:30 and we're also awaiting a conference from mayor de blasio to get more news on craig spencer. the doctors without borders organization he was working with they have strict procedures for staff working in the infected countries but do say since march three international staff members and 21 local have been infected and 13 have died. more than 3,000 are working there right now.

and as we struggle to bring the outbreak under control some members of our staff have not been spared. our thoughts are with our are colleague and we hope for his full and quick recovery. nina pham diagnosed october 12th and admitted october 16th. today being released. all our hopes are for a similar story for dr. spencer and we should be getting more details at 11:30. >> certainly you have to call any doctor willing to go over there heroic. let's check on the markets right now. exiting dur sell batteries. ups expects a good holiday season. revenue up about 11%. when we come back apple pay made its big debut on monday.

does the service work though? walt mossberg joins was his review later on. and shares of ford slipping even though earnings topped estimates. the cfo joins us in a moment. and minutes from the close in europe. during the volatility the close has been a major driver of action here at home. we'll get that close and the impact when "squawk alley" comes right back. your fidelity green line and you'll see just how much it has to offer, especially if you're thinking of moving an old 401(k) to a fidelity ira. it gives you a wide range of investment options... and the free help you need to make sure your investments fit your goals -- and what you're really investing for. tap into the full power of your fidelity green line. call today and we'll make it easy to move that old 401(k) to a fidelity rollover ira.

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welcome back to "squawk alley." shares of ford are under pressure despite the company reporting third quarter earnings that beat the street by a nickel. bob shanks joins us from deer born michigan. you beat expectations and yet your stock is under pressure. do you think investors are having trouble getting comfortable with the lower guidance you have already put out there. >> well i don't know what's happening in terms of the stock market today. what we reported today is completely consistent with what we said for the full year. and reconfirmed guidance in terms of this year and next year. one of the things that certainly would be on people's mind is the business has been affected by a number of adverse conditions in terms of the external factors and given our exposure to every place in the world. perhaps that is on their minds.

>> and we'll talking about the place around the world, including europe in a bit. but north america, profits fell by almost a billion. how much is due to the retooling of the new f series which is going to be later this year and some of the problems you are having in terms of components from some of your suppliers not with the f series but other vehicles. >> the two major factors that effected the results were lower volume. and part of that was the effect of the product launches that you touched on. but there was an also an impact from supplier part shortages on vehicles that we actually were not launching. so current production models. those issues are behind us. so we think we are find going into the fourth quarter and the other issue was warranty costs which was recalls and that was related to something we announced towards the end of september a restraint control module. >> europe, your losses increased there. especially in russia. is the european economy getting

worse? >> well it is still growing as best we can tell but recent data indicated the tepid growth we saw in the first half may be decelerating to some extent. and russia is an entirely different situation, under a lot of pressure from the sanctions and the economy there was already declining before that happened or at least decelerating. and now with the lower oil prices and given the importance of oil to their economy, that is going to have further negative effect we expect into next year. >> po let's talk about the one bright spot. and that is pricing especially when it comes to suvs and the f series. how much is due to the demand. hoff is driven by older suvs on the road and lower gas prices. when you look at the market what do you see right now? >> certainly there is very strong demand. the full size pickup segment has been doing well for a number of quarters. and that's a driven in part by the construction industry, by

housing. >> by what is going in the oil sector, the energy sector in the united states. and in terms of utilities, this is what -- those types of vehicles are what consumers now. there's been a shift into utilities and we see that continuing. so it's demand driven. >> and the f series launch? are we still on track? >> we are. and in fact this morning in our call mark fields, our ceo told everyone that we're now -- we've laumpl launched in terms of production. so everything looking good and we're tremendously excited to get that product out to customers before the end of the quarter. >> and we should point out that job one is probably going to be coming up within the next month or so they will be in showrooms at least that is the expectation at this point. bob shanks joining us, the cfo of ford. this is a day stocks are under

pressure despite ford posting profits better than expected. >> when we come back apple pay is operational but is it the service any good? walt mossberg joins it. dow back up by oil still lower. the close of europe has been a major inflection. we'll get that when "squawk alley" continues. location. location.

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dr. ian lipkin. professor of epidemiology from columbia university. doctor it's great to have you with us. >> caller: my pleasure. >> what is the broad message to the public not just those in new york city but particularly those viewers about the spencer case. >> caller: well this is very different than what happened in dallas. this is an individual who had expertise. and we still don't know how he became infected and that is obviously a concern. but he reported twice daily on his temperature. we know that in fact the moment he had an elevated temperature he reported that he had that elevated temperature. he was picked up by an balance with the appropriate protective equipment. within an hour. within an hour of being picked up he was at bellevue and in an isolation room. so we don't have to worry about any further spread. one is not infectious unless one

is well into the disease. so for the period of time he was traveling through the park or bowling or taking a subway or cab he was not infectious. this is not a highly infectious disease. it is however a very serious disease. and it can be lethal but it is not a highly infectious disease. >> meg? >> dr. lipkin, maybe you can elaborate more on when people with ebola become contagious. >> caller: well the fever is due to the fact that the virus is reproducing itself at a very rapid rate. and that results in a fever response that you can pick up with a simple instrument. just a thermometer. so if you don't have a fever you are not infectious with ebola. now, it is true that after people have recovered from active infection with ebola they may be contagious for some period of time thereafter. but that is not what we're talking about here.

what we're talking about here is someone whose exposed to the virus who is not apparently showing any signs of disease for several days when he was quite active and on the 23rd which is the first day when he began to show signs of the disease and having a fever and such. that is when he was paimmediate placed into isolation. so everyone should be safe. and of course we have, you know, people who were close to him, his fiancé and friend and they are being isolated as well because they might become infected between the 22nd and 23rd but we hope not. even with the dallas case, the people who lived with this gentlemen did not become ill. so this is not highly infectious. it is very important people realize this is not flu, it is not sars, it is not mers. it is a lethal disease but not a disease that is easily spread.

>> given that, what is reasonable for the public to expect going ford? is this just the new normal where we expect that people coming back who've had contact with ebola patients should self report? and we should feel okay with that? or is there a necessary change in policy where perhaps there should be more care taken or a different kind aftercare taken for those people. a different kind of watch for them for a a period of a few weeks? >>. >> caller: well there are several issues here. one of course is there are only some 100 to 150 people who come daily from this part of the world, west africa. if those numbers were to increase we would have a huge problem. but right now what we've instituted through the cdc is known as active monitoring. that means that individuals are required to take their temperature twice daily, to report changes in the way they feel and they do through a website or a phone call. and if they don't report then people track them down and find out why they haven't reported. so the other thing we've done is

we've routed all the plane flights coming from west africa through a number of airports where we can be certain people receive the information and the thermometer and are told they must follow this specific regim regimen. i don't think it is possible for us to take everybody coming from west africa. many of them are american citizens who have a right to return and to put them into quarantine for 21 days. at the end of 21 days you have 2100 people in quarantine. how do you do that and pay for that? it's extremely difficult. >> yeah. >> caller: so this is a challenge. i understand that. one of the things that we're trying to do now is to expedite the development of vaccine so people going into the areas can be safe and be certain they are not returning with any disease. right now we have do this day by day.

and i think when you compare what happened this time around with what happened in dallas. because we've learned a great deal from what happened in dallas, we are much better prepared now. >> dr. ian lipkin from columbia university. simon hobbs is here with the close in europe for the week. >> front and center now of course comes the bank stress test from the ecb which are announced on sunday. there are now a number of leaks emerging. i'll give you what dow jones is reporting. 25 euro zone banks have failed the ecb checks. and half of those are taken efforts to shore themselves up. so 11 or 12 in negotiation with the regulators. and the ecb remember over the course of the last year, about 200 billion euros has been put into the balance sheet. and banks today are shifting to

the upside. this taitalian lender, if it haa whole it won't be as onerous. others have also done well on the session. it's been a strong week on both sides of the atlantic but you still have this underperformance from europe. europe is here. if you look for the month overall we've still not caught up to what's been happening here and that's because the economic situation is still to bad. earnings are quite disappointing. today basf talking about no rebounding for the fourth quarter and the to abandon the balance sheet. gucci down 5%. volvo, one of the largest truck makers in sweden has been cutting costs ahead of schedule

and reported surprise profit. the stock up 7%. when we get to sunday, it's not just who's failed and who's passed. it will be we will see how convincing the stress tests are and you can see whether the economy has a clean slate and this does good for economy in europe. >> if you have any question answer apple pay, walt mossberg joins us in a moment. and we're awaiting the news conference in new york from mayor de blasio. when change is in the air you see things in a whole new way.

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still awaiting a news conference from new york city mayor de blasio. of course as soon as he begins speaking we'll take that live. in the meantime apple payrolling out. and re/code has put it to the test. here's walt mossberg, the co-executive editor of re/code. good to have you here. >> good to see you. >> does it work? our overall conclusion works smoothly and quickly. >> we deployed a four person team, two in san francisco, and two in the d.c. area. went to all kinds of stores, everything from drug stores and radio shack in the subway to places like macy's and blooming dales and found that apple pay worked pretty much every place

that apple said it would. and also in other places that aren't apple partners but which have the terminals that can read nfc, which is the technology that apple pay uses. >> walt, how much of a deal breaker if at all is it that you never really know that the workers at the register are going to be familiar with this. and there are lots of stores that don't take it yet. is it just going to be a store that you know the stores that do and you will be happy to do it or is it going to be frustrating? >> i don't think the cashier thing is a deal breaker. i think that is going to take time. i did not find it to be a big obstacle and the terminals have a label right on them that shows that think accept -- a logo that shows they except wireless paramounts. even -- payments. even if it's not apple's logo.

apple has done a really good job with the software and the hardware to make it super simple. but even any other competitor getting in with this system would have to depend on stores buying more. there are now about 220,000 out there that have these kind of readers. and things like walgreens and cvs is most of the drug stores in the country. so it's not nothing but it has to get much, much more wide spread. >> aside from the fact it works smoothly and people seem to be able to know how to deal with it at most of the stores you tried, sell it us to in terms of being an advance feedback somebody. >> here is the simplest thing in my mind. when you are waiting in line are you holding your credit card? what are you holding? you're holding your phone. i think that is the reality today, at least here in america today. you are holding your phone in line. you are doing whatever you are doing on the phone. so that is what's already in

your hand. so that is my sell. it is simple. the second sell is security. it never transmits your actual credit card number. it never puts anything in the cloud and apple never collects any of the information itself. so handing a credit card to a store clerk or even showing it is significantly less secure than using this thing. it is just a question it's got to get more wide spread. >> and you did have several of your -- of re/code's reporters writing about it works great at a place like mcdonald's. but what about in app purchasing. >> in-app purchasing, there are only a few so far. my guess is apple will be able to move that needle faster. but right now there is only a few. we didn't have -- i didn't have have any problem. i ordered a keyboard from staples online almost instantly. and i had no account at staples.

i had no credit card on file with them. i just used apple pay. so in-app has fewer outlets but i suspect given apple's influence with the app developers they will be able to push that. >> another all time high today. basically 105 which is close to a lot of price targets. walt, have a great weekend. >> great to see you. >> you have been impressed mike? >> without a doubt. the status as a place you can put money without having to worry ant about the macro stuff. the launch has gone great and other stuff seems to be additive. and i've been waiting for the analysts to come out in mass and raise 2015 numbers. that hasn't happened yet but i that is the process under way. >> soda up almost 13%. >> they are entering a partnership with pepsco.

sounds like soda stream is going to be launching a ten week test using some of pepsico branded products. soedstream has been struggling in the u.s. when it comes to sales. this was first out by beverage digest. pepsi just confoirming a few moments ago. and they are getting into the at home market, make your own beverages. saying it represents an emerging category that has generated interest among some consumers. also interesting to know what is going on in the rest of the industry after this partnership with pure green mountain and coca-cola. when it comes to soda stream there is also speculation and talk that it is going to get bought out by one of these bigger companies. they said nothing of the short right now. they are just teaming up to see

out it goes. but this could be something that soda stream needs. they don't have the brand. pure green mount is going to have coke branded products. now with the pepsi branded products it could help. it's rolling outlet in floridian markets next few weeks. >> and similar to green mountain. i do feel like the pepsicos and cokes of the world are happy to have them as an extra distribution test platform. why not try it. i actually have a soda stream and i like it. but for seltzer. not for the flavored stuff. it's kind of annoying. >> wouldn't you like to have -- no you wouldn't. >> i think you have to be a soda drinker and it is not going to taste exactly like the pepsi in stores. >> i've got more information on the actual flavors which you are now as a soda stream owner going to be able to get if you buy from big retailers like walmart.

pepsi homemade. sierra mist. >> is pepsi never not cheap. i don't think the cost thing works that cleanly. >> but the technology. >> isn't the soda stream customer more likely to one migrating away from soda? sweet soda. >> perhaps. >> stock is moving. >> almost 20% now. we're still awaiting the news conference in new york city. we'll take that live as soon as mayor de blasio begins to speak. but first rick santelli, what are you watching? >> three different areas of the areas of the globe and today u.s. isn't directly one of them. we're talking about what prime minister david cameron is all upset about regarding the european commission, the state of the housing market in china, i'll give you a hint.

it is not too good. and the last topic is japan. they want to add more taxes. did they not see what the last tax increase did? we'll talk about all of that after the break. ♪ the all new, head turning cadillac ats coupe. it's irresistible. ♪ to build something smarter. ♪ some come here to build something stronger. others come to build something faster... something safer... something greener. something the whole world can share. people come to boeing to do many different things.

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amazon heading for its worse year since 2008 after the big earnings miss. is why is one of the best analysts on the block sticking with it? he'll tell you. and the analyst who says sell

gopro now for the stock drops another 40%. and if you think crude is cheap just wait. one trader has three reasons why 70 bucks a barrel is right around the corner. jon fortt, we'll see you about 15 minutes from now. >> we're still awading a news conference from mayor de blasio. we'll bring you live as soon as he starts speaking. but in the meantime the cme group and rick santelli. >> thanks jon. wee we're going to walk around the globe and some issues are fascinating. if first, what's going on with prime minister david cameron. the european commission is basically giving bills to economies doing better to subsidize the economies that aren't doing as well. so for example britain, you know, if you look at their gdp numbers and they were the first to release third quarter, they have averaged for the first three quarters of the years 3%. the best of everybody. that is going to be better than

ours no matter what ours comes in at considering how weak the first quarter was. and of course the netherlands also on the receiving end of this are countries like france. so the eu commission in ses ens can't be challenged and this is what i really found fascinating. and let's throw something on the screen with regard to the legal notion of david cameron questioning this especially in front of big election where the u.k. version tea party is making life more difficult. this as the commission's discretion is automatic. there is nothing britain can do about it and with regard to legal recourse. i'm not sure the final chapter is done that. next we're going to talk about chinese housing. this is not new. as a matter of fact it is an old topic but one maybe we're not paying enough new attention to it. zero hedge had a great line. maybe we can throw it i up on the screen. in regard to the burst chinese housing bubble. after a fifth straight monthly

decline home prices are wiped out all price gains in the past year. very significant. we know the central authorities have a lot more ability to micromanage their economy than many of the countries that don't have that form of power. and what we continue to see is that most likely we're getting presented more optimistic versus actual results. so if on the surface this looks this week, i there is a bit of a cause for concern. last topic is japan. and this makes no sense to me. taxes are something that sometimes need to be raised of course. but to come back for a second round, an encore so to speak after the first round did so much damage to the economy and gdp numbers. that issue here is many decades of stagnation. but instead of concentrating, and i've said this in many forms regarding many country, if you are looking to get higher prices, the best way to make that dynamic come is as a

by-product of better wages and growth. to try to look at the other end of the sausage machine and back your way into growth by targeting these specific areas most likely will end badly. back to you. >> thanks rick. now as we said we're still awaiting the news conference from new york mayor de blasio on the ebola patient in the city. "squawk alley" back in a moment you can bring back a lot of things from a trip around the world. but you can't always bring back customer data.

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welcome back. let me show you a shot of new york city's office of emergency management in brooklyn where we're still awaiting the mayor of new york, bill de blasio to start his news conference in the wake of dr. spencer being diagnosed with having ebola. within manhattan it turns out. as soon as the mayor starts speaking we'll bring it to you live. >> absolutely. for now let's move to the tech crowd. this week's tech crowd was a battle between two kick starters making sure your smart phone never runs out of power. ampy went up against pronto a battery pack that can fully

charge. >> and 65% of the vote ampy has become the latest tech crowd winner. and joining us is the alex smith. tell me, how hard am i going to have to work for this. how much motion does it take to get a full charge? >> the more you move, the more power you get is the answer. so you can generate just from walking around during a typical day. if you live in a city you probably walk the 10,000 steps that doctors recommend. that's enough to extend your phone's battery life by 3 hours. >> and you can go on a 30 minute run. do i get it faster than? sure. a 30 minute run gives you another three hours. say you were to cycle to work, that would be another 3 hours. so the more you move, the more you get. >> you say three hours.

in terms of milli amp hours, in terms of gauging how much power can be supplied to a phone, how much i do get. 5,000 milli amp, 10,000. >> ampy's battery capacity is a 1,000 milli amp hours. which is about two-thirds of a typical iphone. we usually talk about how many hours you can extend because everyone's usage differs. so you can get three extra hours so that goes from 6:p.m. when your phone usually dies all the way to 9:p.m. >> so this is for topping off. not filling up. >> exactly. what you need to get to the end of the day. >> the technology inside of ampy is scaleable. but in the future what we're

looking for is actually integration into wearable devices. we're imagining devices such as smart watches or fitness trackers that are powered by ampy that you never have to plug into the wall at all. >> does it matter where on your body or bike you put this? if i put it on my wrist and i'm swinging my hand, do i get a charge faster than if i've got it in a bag or purse. >> great question. we've designed ampy with an accessory kit so you can put it wherever feels comfortable to you and wherever you think you can generate the most energy. i clip it on to my shorts when i run. others like it strapped on the to their arms while running. so you can wear it wherever you want. and get energy out. >> but you would recommend putting it on a point of your body or your bike that moves most? >> definitely. absolutely. and we've designed ampy so it can form to the curves of your

body. it was design inspired by hip flask. so it stays there and captures the energy while fitting into your life. >> it doesn't give you the same buzz as a hip flask, i suppose. alex, congratulations once again on being the tech crowd win they are week. >> thank you very much. >> depends what you put in the hip flask john. we're still waiting for bill de blasio, the mayor of new york city to start his news conference. a key question for all new yorkers is at what point did the doctor start showing symptoms? and therefore at what point as he traveled through the subway system and around new york city was he contagious? more after this. twhat do i do?. you need to catch the 4:10 huh? the equipment tracking system will get you to the loading dock. ♪ there should be a truck leaving now.

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mayor of new york to address the city about dr. craig spencer whose in isolation after developing ebola after having treated ebola patients in guinea. we'll bring you more on the developments as they happen. in the meantime breaking use news. >> russia escaped a junk rating. we got an update on standard & poor's from their viewpoint. there was a question whether they would be downgraded from triple b minus which is the last investable rating. s&p says they confirmed their rating on russia, the outlook remains negative. still possible in the next 18 months they could downgrade russia. if they have certain situations with external financial buffers etc. for example due to further tightening of sanctions as a result of the conflict in ukraine which could then cause the economy to deteriorate.

expectations that perhaps it would be downgraded because we have seen a weakening in the economy there. fwook you. >>back to the briefing where dallas nurse nina pham is now speaking. >> others have not been so fortunate. of course i'm so incredibly thankful for everyone involved in my care from the moment i became ill and was admitted to texas health hospital till today. i would especially like to thank dr. kent brantly for his selfless act of donating plae i to me. as a nurse i have a special appreciation from the care i received from so many people. i believe in the power of prayer because i know so many people all over the world have been praying for me. i do not know how i can ever

thank everyone enough for the prayers and expressions of concern hope and love. i join you in prayer now for the recovery of others including my colleague and friend amber vincent and dr. craig spencer. >> there we have it. a great moment. the first nurse diagnosed with ebola after treating the effected man at that dallas hospital now ebola free. a good end to the week guys. >> absolutely. great to see her up and talking. >> from "squawk alley" let's hand it over to the halftime report and scott wagner. >> simon, thank you very much. welcome to the "halftime"show. as simon and the crew have been saying we continue to await a briefing from mayor de blasio where we expect an update on the first ebola case in new york city. as you may know dr. craig spencer checked himself in to bellevue in manhattan on thursday after a recent return from guinea, where he was treating patients for doctors without borders. we'll take you there live as soon as