facebook makes new friends on wall street after stronger ad sales boosted quarterly profits sending shares up to an all time high. toyota sees clouds ahead on the horizon in asia as it cuts it's global sales outlook but a weaker yen helps the world's largest car maker post a 13% increase in it's quarterly

profi profits. they post the weakest sales results in more than five years and announces a billion dollar buy back. the u.k. and the u.s. say there's significant evidence that a bomb possibly planted by isis brought down the russian plane in egypt. but the kremlin denounces the intelligence as being mere speculation. >> thank you for joining us. let's check in on the u.s. futures and what they're pricing ahead of the open. we had the swinning streak snapped with the dow and s&p and nasdaq in negative territory. checking in on the ill plied open we are above fair value at this point with higher points gains. dow jones industrials. here's a lead from europe and europe we have been up three straight days now also for the

u.k. benchmarks with decline down. german losses being weighed heavily by volkswagen sell off. the cac 40 on a four day winning streak in france and the ft ftse mib holding steady. we're looking at flat trade today. china markets are now in bull market territory. let's bring in adam watching the action from singapore. adam. >> hey, susan. what a come back for the chinese markets as you just mentioned, accelerating for the second straight trading session here. up about 1.9% adding to the previous days gains about 4.3% on the optimism that the stock connect might provide more according to president x xi jinping. we saw credit spreads expand

with the backing up of ten year treasury yields and the implication that we might get a rise at the december meeting. we saw equities, currents, fixed income, particularly for the southeast asian markets. emerging market space or any economy or market that's tetherred to the commodity story because with the back up in the ten year treasury yields commodity prices were challenged. that was a big casualty for the australian markets as it trended lower there with softer commodity prices. further up, welcome to shanghai. that was a bright spot. take a look at what happened with the nikkei 225. we saw them punch through the 19,000 level. these are the highest levels we've seen in about ten weeks. all in all a difficult session here today. >> adam, thank you so much. let's get to some headlines that we're getting from the european commission. some gdp forecasts and the most

significant one is the engine of europe. that has to be a look at germany and we're looking at a cut to the german 2015 gdp forecast, down to 1.7% expansion down from the 1.9% gdp we're expecting previously and when it comes to next year, forward forecasts have been cut as well. we're looking at growth in 2016 to be slightly higher from 2015 levels but less than what they previously estimated. maybe we're expanding 1.9%. we have predictions all the way up to 2017 and in line with a trend we'll be seeing for the next few years. >> let's get to it and yes, the big report card in after hours, facebook's third quarter profit rising 11% beating forecasts despite a sharp jump when it comes to costs and expenditures.

revenue rising to $4.5 billion and facebook now have 1.55 billion monthly active users which is up from 1.49 billion recorded in the second quarter. chief operating officer says that the social network and apps like it's instagram account for more than one in every five minutes that people spend on their mobile devices in the u.s. >> we're feeling really pleased with our adds business and the strength of advertiser demand across the board and that's what you see in our results this quarter. we know how important this season is for clients we want to be the best dollar and best minutes they spend on adds and we want to measure that with moving products on shares, cars off lots. >> i want to bring up the after hours move in facebook shares once again because we're expecting a higher session and

when it does cross during the regular session, facebook crossed 300 billion dollars when it comes to market cap and in german trade also higher by 4.5%. facebook has beaten amazon to that milestone. let's talk about earnings and the u.s. and global markets. patrick spencer, managing director and vice chairman of equities. good to see you. let's talk about facebook because the numbers are staggering, aren't they? 1.5 billion people in monthly active users. one in every five minutes spent on a mobile device either goes to instagram or their page. >> incredible. you're seeing a huge shift now. they're in the sweet spot. 20% of the world population now log on to facebook every month. 14% on a daily basis and the key for that is the add revenues it drives. it's so powerful.

larry paige said the internet penetrated 1% of its growth. there's a huge opportunity for this company and we continue to recommend it and like it. >> facebook can only make money from here apparently because the numbers -- i was filing through all the figures in the report card. when you look at the average revenue per user growing 42% you would think that's a saturated market but they continue to pile on the huge results. >> you have to remember it's banned in china and you haven't even got there yet. so i think there's a huge opportunity of growth. obviously they never talk about the long-term prospects, you know, oculus, messenger, what's app, and the cash that generates can make so many more investments. >> advertisers are paying 61% more. >> they are definitely a disruptor. no doubt about that. >> and i think almost virtually three quarters of every dollar

spent when it comes to social advertising, guess where that's going? it's going to facebook. >> absolutely. >> that stock crossing 300 billion in market cap. beating amazon. we should point out that jeff besos and amazon cross that as well. >> we'll get his crew on what's happening on the rest of the broader stock movements. let's talk about the world's largest car maker. toyota posted a 26% jump in second quarter operating profits topping estimates thanks to cost cutting and the weak japanese yen but they also cut the full year revenue outlook amidst concerns in a slow down in emerging markets. also staying with earnings and whole foods 4th quarter in front of the fell as same store sales seem to have slowed down sharply. falling 0.2% versus a gain in

the third quarter. same store sales this quarter are currently down more than 2% and they're struggling to lower prices as it fights against fierce competition from mainstream super market chains adding more organic items. they fell 6% in after hours and we're seeing worst performance down 7.5% so far. qualcomm was another one with a record after the bell. the new version of the snap dragon mobile chips. however it's below analyst estimates as it struggles against competition from rivals. the company was also hurt by samsung's decision to use it's own chip for the galaxy s-6 smartphone. falling 5% in after hours and german trade down 6.5%. european earnings to look through, adidas raising it's forecast. it's shares higher today. shares rising some 18% in the

third quarter which is outpacing estimates thanks to strong demand for its rebox brands. meantime the german sportswear brand is cutting 14% of its staff in a taylor made golf division as part of its plan to try to achieve sustainable profitability and a programming note for you, we'll be hearing from the ceo, that comes your way 12:35 cet which will come your way in our decision time special in that special hour today in london. let's give you a run down of what to watch for on this thursday trading day. weekly jobless claims due out at 8:30 a.m. eastern time. expected to hold at 260,000. also we'll get preliminary numbers on third quarter productive which is expected to have dropped putting upward pressure on labor cost. no less than 6 fed officials speaking throughout the day and when it comes to earnings. amc, raffle lauren with result bfrs the opening bell.

afterwards, the media heavyweight disney is the one to watch for. they're also coming out with numbers after the close today. we'll take a breather here but still to come on the program, a direct line to god, find out why one lawmaker says fed chair janet yellen should think twice before hiking rates in december. bob dylan. to improve my language skills, i've read all of your lyrics.

you've read all of my lyrics? i can read 800 million pages per second. that's fast. my analysis shows your major themes are that time passes. and love fades. that sounds about right. i have never known love. maybe we should write a song together. i can sing. you can sing? do be bop. be bop do. do be do be do. do do do be do.

>> good thursday morning. here are your headlines today. u.s. futures are pointing to a rebound after janet yellen suggests that a december rate hike is a possibility. toasts it's mobile advertising business as shares hit an all time high and tough times for craft. the group planning to cut around 6% of its work force. >> the odds of a december rate hike are as high as they have ever been after janet yellen said a move next month is still a live possibility. >> the economy will continue to grow at a pace that is sufficient to generate further improvements in the labor market and to return inflation to our 2% target over the medium term

and if the information supports that expectation then our statement indicates that december would be a live possibility but importantly that we have made no dein addition about it. >> now a different take on interest rates. lift off next month could upset the man upstairs. >> god's plan is not for things to rise in the autumn, that's why we call it fall. nor in the winter in the snow. god's plan is for things to rise in the spring. if you want to be good with the almighty you might want to delay until may. he is a man of strong faith and did say he is worried about the risk fk the fed hiked rates too

early and might return back to zero if the economy slows down. i'm not sure if you're a man of strong faith but i'm wondering if you have faith that the fed will be hiking interest rate bfrs this year is out? >> well, we have been pretty cautious about when interest rates are going to come. i talked about a deflationary environment and that's still a concern. there's been a lot of con tern around yellen and a credibility gap but she has been pretty consistent about saying, you know, it's data dependent. so if it is and it continues to be good and consistent you might get a rate hike but it's unlikely and the reason is because is economy is performing well. >> she he lighted that in her system. >> she said it was a live possibility. >> and the economy is improving in her view.

the labor slack has been declining and it might be possible that they might be hiking interest rates next month. >> but she looks at many other things. she looks at inflation. she looks at, you know, other indicators in the employment side. >> right. >> so, you know, certainly if those indicators continue to be strong, then -- and if we do see a rise in rates, that's going to be a good thing. >> the front end of the yield curve priced that in. the highest two year yield since 2011. are you saying it's 50-50 still? >> there's a possibility. >> you sound like janet yellen. >> i sound like a central banker. all i'm saying is if interest rates come it won't be perceived badly i believe over the longer term in the market because if interest rates are rising, you have to have a normalize interest rate environment. people have to earn a descent amount of money on their savings. companies can still borrow at a practical level but the key i think, the worry about the

misconception is that it will hurt the market but no time since 1970, i look this morning and i looked on bloomburg this morning and they actually hadn't seen, there was no market correction from the first rate hike since 1970. >> right. >> so a rate hike i don't think will actually hurt the market. lit bring back capex and it will actually sort of normalize people's expectations and the economy can continue to grow nicely. >> historically where the rate cycle begins is good for equities. >> patrick spencer. now before we go, what's a day without something from the donald? donald trump. nbc by the way has pulled three promos for his appearance on saturday night live this weekend that it says were accidentally posted on youtube. one promo in particular created further controversy around the

republican candidates coming appearance on snl. trump is told he only has four seconds to speak because of equal time rules and responds, quote, let me just say this, he says in trump style, he says ben carson is a complete and total loser. four seconds and that's what he has to say. still to come on the program, the business of building apps. we'll cross to the web summit and speak to the ceo of the messaging specialist after this break.

>> nigh theories are pure speculation at this stage. this as they say there's significant evidence that a bomb possibly planted by isis brought down the plane. let's get the latest from washington d.c. on this. tracie potts joins us. tracy. >> problem with that evidence, it's circumstantial. things like intercepting communication can be misleading on that can certainly indicate a bomb went off or that there was some sort of mechanical problem but they are looking very carefully into it. the british are very concerned about it.

they have stopped all flights in and out of that airport from their area. new as of this morning, the russian air safety regulator, their version of the faa grounded all the metrojet flights. on the ground today they're hoping to wrap up the search for remains at the site but the actual investigation is going to take quite a bit longer. they're still looking for actual wreckage of a bomb amid the wreckage on the ground there. >> thank you for that update. tracie potts in washington d.c. >> san francisco based start up twilio has released a new set of features called co-pilot designed to help build messaging apps. companies already use the programming interfaces in their own apps and let's talk through it. joining me live from the web

summit in dublin ireland, jeff lawson, co-founder and ceo is on the program today. i hope you're enjoying the web summit. good to have you today. let's talk through it. it's interesting that your company lets developers in a great text. >> i see you on the screen, but i don't have any audio. >> we're at a tech conference and we can't get the audio going. maybe we need some twilio help on that. okay. we're going to work on it. sit tight. what are we going to do here? let's check in on futures, shall we? there we go. we're going to buy some time here and get the audio networks up and running again. u.s. markets yesterday snapped their winning streak for the week so we ended down saying that december and a rate hike then could be a live possibility so you saw that push up in the front end of the yield curve. the two year yields at their highest since 2011. stocks tipped into negative

territory. now maybe a lift of 24 points or so. we have been seeing a winning streak of sorts for the ftse 100. we decline ago head of the bank of england rate decision today lowered by .5%. the german dax being waved by the sell off in volkswagen shares yesterday recovering a bit. cac 40 with gains of .6. and the ftse mib seeing gains of around .10. our audio network versus been checked. we're ready to go. let's go back out to jeff at the web summit in ireland. you can hear me, right jeff? >> i can hear you now. great. >> there you go. excellent.

excellent. yeah, maybe we got some twilio help on that. let's talk about what you're doing to integrating voice. you're integrating communications services and i guess in trying to get the message out there for a lot of these corporate names but when i saw sms i thought that's so old school, don't you think? >> well, you wouldn't believe how common sms is. it's the one medium of communication you can use to reach nearly any phone on the planet using only a phone number and so while there are a lot of ways to talk to people today sms is so common because it is so universal. >> okay. let's talk about some of the names that you help. uber, home depot, airbnb, in orderstrom, walmart, but your company still isn't make money just yet. when is this going to turn into actual profit in the future for you? >> well, we believe we're

transforming the 150 year history of tele communications and transforming it from legacy and hardware to a future in software. this is one of the once in a lifetime opportunities for a company to come in and effect huge change in an industry undergoing this massive shift in communications as one of the biggest industries on the planet. so we're investing in the technology and customers and building the company in order to capitalize on this once in a lifetime opportunity. >> that's right. from what i see pretty good metrics here. you have a run rate of 100 million now in revenue. you have $121 million in cash. what are you going to do with it? invest back into the company itself? >> we're investing quite heavy in the growth of our technologies. we launched ip communications technologies for messaging and voice and video and imbed communication and any app on

mobile, on desktop on the web in addition to our existing voice and sma apis and also very heavily in our international growth. thus i'm at web summit. so we're investing heavily in customers all around the planet. we made massive investments here in europe as well as asia pacific where we started a pretty massive expansion there as well. >> you look great out there. one more question for you since we don want to test the audio too much and go too longer, since you had a bit of a share buy back program taking place this year, you have been buying back some of your stock repurchasing and people are thinking okay is this setting us up for an ipo for twilio pretty soon? >> well, secondary offering is something that private companies often do to provide liquidity to the early shareholders of the company. so if you look at many private companies that's a pretty common occurrence these days. that's what we were doing.

>> jeff, thank you for being patient with us today. hope you have a good time-out there in dublin ireland. we do have more -- we have more earnings coming out after the bell today. just a reminder for you, big names including bob iger. he'll be on closing bell in a first on cnbc interview after the company report their earnings and numbers and that comes your way at 4:00 p.m. eastern time.

hi, everyone, good thursday morning. welcome to worldwide exchange. i'm susan li. here are your headlines today. facebook making new friends on wall street after stronger ad sales boost quarterly profits sending shares in the social media giant up to an all time high. toyota sees clouds on the horizon in the asia pacific as it cuts it's global sales outlook but a weaker yen helping the world's largest car maker post a 13% jump in it's quarterly profits. investors are losing their appetite for whole foods after the organic grocer posts the weakest sales results in more than five years and announces a billion dollar buy back. the u.k. and the u.s. say there's significant evidence that a bomb possibly planted by isis brought down the russian plane in egypt. but the kremlin denounces the

intelligence as being near speculation. >> thank you for joining us on worldwide exchange. let's check in ahead of the wall street open today. we had the winning streak come tie close during the wednesday session thanks to janet yellen saying a december rate hike is still a live possibility. maybe a bit of recovery today. similar gains expected for the nasdaq. higher by 8.5 points. the dow jones pricing in close to 40 points. the front end of it priced in now. a real possibility of a rate hike from the federal reserve which would be the first in ten years so the two year yields pushing up to their highest since 2011. meantime, the five year yield is coming down a little bit. coming off a little bit but as

you see we're looking at 223 and change now for the ten year yield. the dollar index, we pushed up to a three month high versus the euro yesterday on the back of yellen and her comments on improving the domestic economic picture in the u.s. and less slack in the labor markets so we're looking at gains up to 98 and gold well let's check in on gold pricing, shall we? coming off a little bit since we might be seeing more tightening in the future from the federal vefs reserve. all right. let's get to the very latest on the plane crash in egypt with the kremlin saying that any theories of the cause of the russian plane downing in egypt are speculation at this stage and this as the u.k. and there's evidence that a bomb from isis is on the plane.

let's get out to hadley standing by for us. >> good morning, susan. essentially what we're already hearing not just from egyptian officials but from the kremlin there's a war of words happening. they're saying they're very much premature at this stage and the kremlin saying a decision not to have departures from this airport has to be a sovereign decision and he's referring to what they have done out of the u.k. as many as 20,000 british citizens are sitting in that airport. they're waiting indefinitely to depart and it doesn't look like they're going anywhere any time soon. egyptian officials say they have airports around the country to say they have sent bomb sniffing dogs to the airport and looking for any clues as to what happened to the aircraft but at the same time this is lack security on their part. >> lack security because it's unprecedented for the u.k. government to step into an on

going investigation being lead by other sovereign nations like egypt and russia at this point. so i'm just wondering what does the u.k. know that other governments maybe don't? >> that's the bigger question. all of this coming against the backdrop of a major state visit. he wasn't just talking about investment opportunities. he was also going to be talking about security and when i spoke to one of his folks over the weekend at a major security conference on sunday he basically told me that it's very concerning to the egyptian government what's happening in syria and the fact that russians are now there so security was going to be on the table in those conversations taking place in the u. kuchk. and this is al ahead of a major conference in dubai coming up on sunday. security is going to be a major discussion at that event. >> thank you so much.

hadley gamble live from cairo this morning. let's take a look at the day's top auto stories for you. we had toyota posting a 26% jump in the second quarter operating profits topping estimates thanks to cost cutting and a weaker japanese yen but the world's leading car maker cut it's revenue outlook amid concerns on a slow down taking place which is helping offset the strength they're seeing in the u.k. market. >> meantime a possible strike at gm. voting began late last week and ends this saturday. the journal reporting, though, seeing that workers at several plants have approved this deal but those at two other assembly and one transition plant have rejected it.

they are underpressure to get it ratified after running into the contract just last month. >> coming up on the program, sir elton john launching a new partnership with the u.s. to help lgbt people in africa. he might turn to an unusual person for help in changing antigay laws. >> these laws come from the common wealth. these laws can be changed very easily by the queen saying, change the law. i haven't approached her about that yet. >> will you be? >> yeah, well, if the worse comes to worse, one has to, yeah. these are old laws from the british common wealth and they need to be changed. so the queen could do that with one wave of her hand.

>> job cuts from kraft heinz. they're also planning to move it's oscar myer and other meats business from chicago to wisconsin and this is the first major move for blue collar employees since they merged in july. now in august the company also announced plans to cut 2500 mostly white collar jobs. reporting earnings after the closing bell today. meantime ahead of that in german trade we're seeing declines of

1% so underperforming the broader benchmarks airbnb has been growing by laeaps and boun. it's sharing market share from vacation rental players like trip advisor and booking.com. one top travel site, they want in on the action. let's get out to landon at cnbc headquaters and find out exactly who that is. >> good morning to you. well, it's expedia. $3.9 billion in cash and stock. expedia will pay an 18% premium to the closing price on wednesday. the deal gives more control of the lucrative market as airbnb moves in on the turf of more traditional booking sites and gives more inventory dominated by the likes of price line and

trip advisor. home away will be more aggressive in marketing apartment listings that face-off with airbnb. it makes most of its revenue from charging property owners to list homes on the site but also plans to start charging travellers a fee to book properties and all listings will be available for direct booking next year. this is the largest acquisition for expedia which closed it's purchase of orbits in july and bought travelocity. they call the deal transformational letting the company take part in the sharing economy. the next frontier in leisure travel. airbnb is expected to double bookings to 80 million nights this year. expedia booked some 150 million nights in 2014. checking shares in europe, expedia is up fractionally while homeaway is up 20%. they plan to form 100 home sharing clubs in the u.s. next year as it seeks to organize supporters of home and room

sharing companies to head off crack downs by regular ytors. on tuesday they defeated a proposal to limit short-term rentals. they spent more than $8 million on an ad campaign to convince people to vote no. in fact, more people in san francisco used airbnb than actually voted on tuesday. the company sent notices and e-mails to every host and guest in the city. susan, back to you. >> landon, thank you so must have. we're going to add some celebrity to the newscast. sir elton john's aids foundation has launched a $10 million partnership with the u.s. in order to help lgbt people in africa. let's bring in tanya who caught up with elton and his partner yesterday to talk about equal opportunity. >> that's right. they launched this new initiative with a presidential government relief fund for aids. they committed to $5 million each. of course the elton john aids

foundation has been going for 23 years and they have managed to raise over $350 million in their fight against aids. i tracked down sir elton john and his husband. i found them at wingfield house which is the u.s. ambassador's residence. this is what he had to say. >> embrace the lgbt employees because if you have a happy work force you have better product activity and a happier work place. if you don't embrace the lgbt community then you are going to get an unhappy work force. it makes common sense in any business. any business that treats it's employees well and has a feeling of inclusiveness and good will then you're going to get better products because everyone is working in a happier environment. >> and there's now actually evidence that's been done that companies that embrace lgbt

employees are better. they can at least act as beacons or safe havens where people can at least come to work in those countries and know they'll be able to live openly, happily, and work productively. >> did you have a productive conversation with president putin when you finally did talk to him. >> i talked to him on the telephone. we're trying to arrange a date where i can go to moscow and talk to him. i feel very honored that he wants to see me and he has put the olive branch out and it's essential that i do go over there and put my foot in the water and see what we can do to change the situation for lgbt people in russia. which even though the russians say it's great is not great at all but as i say, i want to try to knock the wall down a little bit so i will be trying to go and see him. he was very pleasant on the phone. highway poll apologized for the fake interview i did. he was very genial and i was

very, very impressed. >> you see, he took it with a good sense of humor, that infamous prank call where he thought he was talking to president putin but he actually wasn't. but it is a very important steppingstone for elton and david in their foundation to be able to bring up gay rights in russia where there's a lot of discrimination there. >> yeah. let's see if they can get putin on that. >> absolutely. >> and if they do, they will certainly have somebody very powerful on their side. >> looks like it was a very productive conversation that you had. >> it was. it absolutely was and they were doing fund-raising that night as well at the embassy and it's all down to funds and how much money they can raise so that they can continue their fight to eradicate aids they're hoping by the year 2030. >> thank you so much. >> thank you for having me. >> catching up with elton john and david furnish. good thursday morning. u.s. futures pointing to a

rebound on wall street after janet yellen suggests a december rate hike is still a live possibility in her words. facebook toasting it's mobile advertising business as shares hit an all time high. tough times for craft. the group planning to cut around 6% of its work force. ♪ there are no medals won for earning a living. it's just what you do for family.

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>> lots of earnings to get to. let's start with whole foods. those sales fell 0.2% versus a 4.5% gain in the third quarter. same store sales are also down more than 2%. whole foods falling some 6% in after hours. also by the way trading in the german markets today and well below the broader benchmark. we're selling off by 7.5% but let's get to the big one in after hours and facebook's third

quarter profit rising 11% beating forecasts despite a sharp jump in it's expenditures and it's costs. facebook now has 1.55 million monthly active users up from what they saw in the second quarter. coo, chief operating officer says the social network and apps like it's instagram account for one in every five minutes that people spend on their noble devices in the u.s. >> we're feeling pleased with our adds business and the strength of advertiser demand across the board. going into the holiday season we know how important this season is for clients and what we work on with them is focussing on business results. we want to be the best dollar and the best minute they spend on adds and we want to measure that roi not just with the

traditional add metrics. >> facebook stock rising 4% in after hours hitting an all time high with it's market cap briefly topping $300 billion and they even got to that milestone slightly faster than amazon and jeff besos. let's talk through the numbers. joining us live this morning is the head of research at manhattan venture partners. no matter which way you look at it, you break it down, they beat on virtual every metric. was there any weakness in this report card at all? >> like you said, the numbers were fantastic across the board. there was nothing to complain about. i think what really sticks out is brand advertisers are looking for digital advertising and they're looking for targeted content, targeted ads, good measuring tools, good roi and facebook is delivering on all the metrics so i think they're right up front there along with google capturing a big chunk of

the digital advertising budgets. >> we saw revenue up and total costs and expenditures actually increasing in that quarter. we were up close to 68% but i guess this reflects more on what facebook is doing investing back into new ventures. >> right and that's not surprising for a tech company, and especially facebook. they are investing for the future. they really want to be out there in front of all of the internet users and they're doing a good job. that takes money. that takes a lot of investments and they're spreading thin but they are spending it wisely so they're getting a good return on their money as you see from the numbers and i think they are well positioned for the future. >> what about the latest push into news. they're going to launch notify sometime next week. this is their new news app. is this the right direction for them? >> yeah. i think that's perfectly in line with what they said they wanted to do and i think they're doing

the right. basically that's what they want to do. they want to increase the content. they want to be where the users are and with good content and good adds out there. so i think that they're doing the right thing. i think that's definitely in line with what they plan to do. >> you know, mark zuckerburg before the earnings call he was in india and china. he's still not allowed to operate in china. facebook is still banned in that big market. is that a bit of a concern going forward? >> yes. they're working around it and it will take some time down the road. i think right now the big focus is india and also in the other emerging markets. they have this big initiative to get everyone on internet. so china will be out there. that's a big incremental market for them down the road. they need to do some work around it, like i said but they'll get there ultimately. the exporters in china want to get on facebook. they want to access all of the

users out there. it's a huge reach. about 1.5 billion already and expected to grow bigger down the road. soer so everyone wants to be on there and china will be on board soon. >> let's talk about the shareprice. we did have the rally in after hours. 300 billion market cap and facebook is priced for perfection isn't it? with all the gains we have seen? >> it is. but if you really look at the numbers and their plans for the future, there's plenty of runway ahead. there's plenty of room ahead. you just need to be in there. short-term investors might see some bull pack here and there and find a better entry point but for the long hall you need to be in it with google and facebook leading the large and digital advertising being the next growth area these two players are very well positioned. competitively you need to be in there to participate. >> thank you so much for getting up early for us.

head of research manhattan venture partners. let's take another look at u.s. futures since when he the winning streak come to an end yesterday thanks to janet yellen saying that a december lift off is now a possibility. you saw that spike in the front end of the yield curve with two year yields highest since 2011. the implied open is telling us we're higher for the s&p 500. dow jones industrials pricing in gains. nasdaq should be seen in advance of 9 point which is is above fair value. we have more earnings coming your way and more big names coming your way as well. that includes disney ceo bob iger. he'll be on closing bell in a first on cnbc interview right after the company reports earnings. that conversation coming your way at 4:00 p.m. eastern time. that does it for the program today. i'm susan li. u.s. squawk box coming your way next. (vo) what does the world run on?

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>> good morning, facebook shares surging to an all time high after the social network posts upbeat quarterly results should be over $300 billion in market cap. and in deal news, expedia is buying vacation rental site home away for nearly $4 billion. why airbnb is taking notice this morning. going, going gone. opening the fall auction season amid worries of an art market slow down. we'll see because there's $2 billion of art up for sale in the next week or so. it's thursday, november 5th, 2015 and squawk box begins right now.

♪ >> live from new york where business never sleeps this is squawk box. >> good morning, welcome to squawk box here on cnbc. michelle is with us today. becky is enjoying some time off this morning. also before we get started take a look at u.s. equity futures this morning. you're looking at arrows. dow looks like it would open up higher. s&p 50 looking to open higher as well and the nasdaq looking to open a little over 9.5 points higher. among the tests for the market today, more economic data ahead of tomorrow's big employment report. coming up at 8:30 eastern time we'll get weekly jobless claims and a first read on third quarter product activity and labor costs. also another busy day for fed speak. sixff