tv Worldwide Exchange CNBC October 3, 2018 5:00am-6:00am EDT
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it's 5:00 a.m. unleash the bulls. stocks on track to open at new record highs wall street kicking off the fourth quarter with a bang. tim cook sounding off on your data privacy to china. and jcpenney naming a new ceo. wall street seems to like it. another big chinese company going public here. and somebody called 007, aston martin set to make its big market debut on this wednesday october 3rd as "worldwide exchange" begins right now
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♪ you reference bond, they play the music best team in the business. welcome from wherever in the world you may be watching. it looks like we could have another record day dow futures up 74. stocks were saying we would hit record highs when you're at record highs and you go up, that's a new record did you know the past three months the average dow 30 stock is up 11% or 17 of the dow 30 are up 10% in the last 30 days if you didn't, you do now. crude oil on the rise again. over 75 a barrel for wti, over 85 for ice brent crude
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mainland china is closed for the week when do we get a week-long holiday? japan was open it fell a bit. it's had a nice run lately european markets are mildly higher the euro is bouncing back on reports that italy will reduce its budget deficit more quickly than expected. yesterday everything was terrible, today everything is fine let's bring in steven maclo smith. it seems there's a lot of political risk we talk about every day on cnbc around the world that for whatever reason is not being priced into stocks. why isn't the market discounting anything political right now >> it's interesting that you think political risk is not being priced in. in europe, earnings are rising about 8% this year, the market is flat to down.
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the market is de-rated, and we think that's because of political risk and secondly trade, we are still waiting for a resolution to that on that there are some encouraging signs. >> i guess i'll ask it a different way. the markets here are at record highs. many european markets have done well do you think we would be doing better without this? or are we doing well in spite of everything you talked about? >> the basic driver for u.s. equities this year is earnings growth with the benefits of the fiscal reform, tax cuts are boosting eps, earnings per share, and with growth also stimulated by tax cuts, the leverage on to earnings is considerable earnings growth in the states is 22% this year, not all of which is driven by tax and a follow
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through into next year so investors are starting to think about 2019 earnings and the valuation that that brings you in stocks. i think they like what they say. it is very much that earnings story that made the u.s. the equity story of 2018 >> nobody worried about greece until it became a big story. nobody seems to think italy is a big story now. what do you think? is it? >> it is always a big story when a member of the eurozone puts itself in opposition to some partners in single currency. the way single currency operates is it needs to ab rulbe a rulesd system, and when people try to shake the downboundaries, it can lead to friction but there is very little room to maneuver, and i think the move already in italian bond yields taking them to a large premium to bunds, every 1% rise in
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italian interest rates, long-term interest raids, adds to the budget deficit because they have a large outstanding amount of debt, which continually needs to be rescheduled at those new rates therefore the bond market acts like a temper, if you'd like, to restrict the ambitions of those who would like to move the budget deficit out further >> imagine if new jersey or new york and virginia or mississipmississipp mississippi, if they issued debt there's slight differences in debt among the states, but not as much as europe. why is italy and greece, why are they still such outliars given that you are just one big happy european family, steven. >> in the case of italy, the aggregation of debt, the build up in government debt took place
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not in the unup to the great financial crisis or in the immediate aftermath, this is a relic of government policies from the 1970s to the 1980s. thinking back to the 1990s when governments were trying to qualify for the euro, the size of the debt was annish for it s italy then in the 1980s italian government debt yielded 15% when you have debt at 90% or 100% of gdp, you have yielded 15%, that's a high membership cost italian yields have been brought down rad iall licallradically, t the negotiation is all about there's also a point here that
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the ecb has been supporting the eurozone economy and buying large quantities of italian debt so, again, they have benefited from that impact on bringing their overall yields down. >> steven on a story which i feel is not going away any time soon, so i'm sure we'll see you again. thank you. to your top money story, that's tim cook speaking out on everything from your data privacy to china frank holland joining us with more on that good morning, frank. >> good morning. time cook sitting down with vice news for a wide-ranging interview. he said apple takes privacy seriously and would be open to some form of government regulation he says apple is not in the business of selling private data >> the nar kif thrative that soe
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companies will try to get to you believe is that i need your data to make my services better don't believe that >> apple continues to roll out new tools to make it harder for the company and third parties to access user data it updated its privacy policy for all apps to disclose how your personal information will be used. cook also defending its business in china it came under fire after the decision to host users icloud accounts inside the country, and that could give beijing access to users data. >> we don't design encryption for the u.s. and do it differently everywhere else. it's the same. it's encrypted in china. i can't produce the content. i can't produce it in the united states either.
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if you lock your phone in china, i can't open it. >> shares are up more than 35% this year. brian, back to you >> frank, we'll see you in a bit. good to see you on "worldwide exchange." jeff bezos weighing in on everything from amazon's decision to raise the minimum wage to $15 an hour to space here's what he said last night in d.c >> thinking about this, trying to decide do we want to change, we realize we made a decision. you can offer competitive composition or you can decide to lead as soon as we framed it that way, we're like let's decide to lead i think people will follow >> bezos also addressed his other company, mroblue origin saying it's the most important work he's doing now. there's a pair of stocks to keep on your radar jcpenney shares are soaring.
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they named their new ceo as jill soltau the stock hit a record low last week on news that the ceo was leaving. and shares of tempur sealy jump on news that mattress firm is filing chapter 11 on deck, a double dose of ipo news for you two big-named companies pushing towards their public debuts. and a huge meeting of the minds taking place now in tel aviv, israel we'll sit down with the hedge fund managers making a bet on power. he'll bring you his p cktopi when we come back.
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good morning 5:13 in new york city and on the east coast you are close to having two new fun companies to invest in the theme is worldwide first up, tencent music. it's a streaming music company the spotify of china it is going public it would like to raise $1 billion. reuters says that listing will likely be on the nasdaq. and james bond's favorite car making its debut on the london stock exchange. that's aston martin. shares tumbling on the first day of trade they priced at nearly $25
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equivalent u.s. share giving it a market value of nearly $6 billions some of the world's top investing minds are gathered in israel at the sone conference. we do it here, they do it there as well. they are revealing their best ideas. joining us from there is aaron stern, head of international investments at fir tree partners we love giving people new ideas and ways to make money at this hour in the united states. why are you betting so big on a german power company >> i spoke about eon today it's a simple story. it's a large german utility but in transition. initially this was a company that was unfortunately dealt a bad hand
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they were producing through nuclear sources, the government decided they no longer wanted to deal with nuclear power, so this management team has engulfed on a multi-year transformation, which has been nothing short of spectacular but has yet to be rewarded by the market they sold off a bunch of legacy businesses, cut a deal to deal with the nuclear waste they're engaging with rwe now and they realized because they trade at a significant count to peers, they had to highlight the value and refocus the company. three years ago this was a nine
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euro stock this has been dead money basically. what makes you so convinced they're finally getting it right this time. >> sure. they're in the last legs now over the past few years they've been divesting of assets the stock was at nine, dropped as low as six, and is now towards rebound and redemption the transaction that they announced with rwe is basically for them to refocus their business on just the regulated network assets, and rwe, their peer, is going to refocus their business on just the power assets we'll simplify the business and dedicate the stock to much more focused investors that invest in regulated assets and pay a significant premium to eon's current multiple >> i know you're bullish i got advanced word on your
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presentation, you think the stock could double in two years? forget about eon, any utility doubling utilities are kind of boring but they're supposed to be boring >> yeah. it's a real transformation the stock trades at 7 1/2 times ebita today. less than 11 times earnings. they're transforming to a regulated utility. regulated utility, the public comps trade at 11 times ebita and private market transactions happen to 15 times ebita if eon were to trade like other public regulated utilities at 1 times ebita and could increase leverage in line with other peers and use that money for buying back stock, yes, we believe it could double over the next two years >> we brought you on to talk about eon. one more thing, what other ideas do you have at fir free, you invest all over the world. do you think there's a lot of
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other good opportunities across the world and in europe? >> we're very excited about japan. not to move the focus, but we're excited about japan. we think there is a multi-year story happening in japan this was a market that was trading at a significant discount to all their peers for years because of just a lot of very complicated businesses. as you know, companies in japan have a lot of assets that don't make sense being together. historically they have not been run for the benefit of shareholders, but over the past few years under the leadership of the prime minister, seeing drastic changes in the way companies approach international investors. they're listening to international investors, bringing on independent board members, focusing on divesting of noncore assets, buying back stock. we think this is a market right for a lot of opportunities
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>> a lot of people talking about japan lately eon, you love it we'll watch it aaron stern of fir tree partners, pleasure to have you on. safe travels still ahead, crude realities. oil hitting a four-year high, some of the biggest names in energy are in moscow we'll take you there live this is "worldwide exchange." this is some good news maybe toys "r" us, could it be ready to make a comeback we'll tell you why and what's going on ow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again?
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welcome back 5:21 we are seeing futures up nicely this morning so yesterday markets were down, then went up futures at this hour, up 46. if markets open up higher, that means new record highs for you what is not making a record, bitcoin. bitcoin stuck around the $6,400 mark bitcoin down about 1% to 6,420 let's check the other top headlines including another scary situation. an already hard hit indonesia. phillip mena has that and more. a volcano has erupted in
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indonesia on the same island that was just hit by a powerful earthquake and devastating tsunami less than a week ago the volcano has spewed ash 19,000 feet into the air so far no evacuations have been ordered. officials are warning people to stay away from that area. in the city the death toll has reached 1,400 amid rescue efforts. and there are flash flood watches in arizona because of tropical storm rosa. and do not get startled when your phone starts buzzing this afternoon because it's only a test at 2:18 eastern you will get a message from the new presidential national alert system, with it president trump can issue alerts to all cellar devices, however the president cannot use it for anything less than a national emergency. brian, you should not expect political messages pop up on
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your phone >> how do they have my number? >> they have it. oh, they have. >> they know they got more than that. i drove by the nsa one time outside of baltimore, i said i drove by the nsa, but they already knew that. >> they always know. >> i didn't know, if that popped up, i'm easily startled. i'm like a sheep thank you for telling us >> am i. heads up >> thank you 2:18 >> that's right. >> just a test still ahead, is the trump trade beginning to stall if so, where can you make money right now? later on, you can call this a smear campaign why one popular breakfast item is causing major emoji outrage today. stick around ll, today you're a y transforming your call center. dealing with millions of customers a year,
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we do whatever it takes including getting up at 2:00 in the morning. welcome back thank you for being with us on cnbc let's kick off the second half of the show with your executive recap. frank holland has that >> here's what's leading cnbc right now. shares of jcpenney are soaring the department store naming jill solato as the new ceo. jcpenney hit a low last week after announcing its ceo was leaving. and a double dose of ipo news tencent filing to go public in the u.s. the chinese biggest music streaming service is looking to raise 1 billion. according to reuters that's half of what it raised last month. and james bond's favorite car is making its debut on the london stocks exchange
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aston martin shares tumbling on the first day of trade aston martin has a potential market of $6 billion >> would you drive one if one was given to you >> i think i'm a little too big for that here's how your money and investments look now stock futures are up about 40 points if we rise, it's going to be new highs. you might hear that. the chinese domestic market is closed they get the entire week off that sounds good here's what's happening in the early trade in europe. japan fell a bit the european markets germany was closed spain, italy, the cac 40, they are up oil is up. that's the story to watch. brent crude at 85 going up
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75 here, also going up today let's talk more about oil. some of the biggest names in energy are in moscow, russia which is why we sent geoff cutmore there. he has the latest on what they're talking about. >> brian, thank you for that here i am at russian energy week the delegation from opec is here and the russians are talking oil minister novak says that they do have spare capacity in russia to try and take theedge off these rising oil prices. of course there's a lot of finger pointing going on president trump already accused opec of ripping the world off with these high prices, four-year high crude prices. as far as opec is concerned, i spoke with the minister for qatar, al sada was on the manual here, and i asked who is to blame for these high oil prices?
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he said it is not opec let's listen >> opec is trying not to manipulate the price it's trying to bring the market to balance when opec took the measure to restrict the production, if you'd like, from its end and some allied countries to opec agreement, it was meant to shave the extra excessive stock which were record high, depressing the oil price. >> brian, also on that panel i was meant to speak with the minister there iran, but he's a no-show at this event. before deciding not to board the plane to moscow he told the
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market that he thinks president trump is creating uncertainty over sanctions on iran, that's what is to blame for these rising prices. so the finger pointing continues. what we do know and what the russians are confirming is that there's probably $5 to $6 in the price right now as we move ahead into november and the likelihood of u.s. sanctions on iranian oil. back to you. >> geoff cutmore, thank you. between trade, tariffs, brett kavanaugh, president trump is not backing down. he's been standing firm on both, not giving in to pressure from any side let's talk about that and how it will play out with tony fratto i won't knock the media. i'm in the media, it's not my business to do so. if you read the headlines you would think the world is ending. we're talking about college drinking habits and how we'll go to war with china in some form
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or fashion, yet there doesn't seem to be erosion or disintegration of faith from donald trump's base. does the tough talk work nationally for donald trump? >> i was out in pennsylvania and ohio last week, both of those states i was in was definitely trump country. >> that's your country, too. >> western pennsylvania is my country. i was at a wedding in ohio >> i didn't see an erosion in his base in those areas. they're standing with him strong the question is how big is that base the loser republican supporters and independents, if polling is to believe we're seeing deterioration in those groups. the question is how much does that translate into midterm
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elections in about five weeks. >> is a school of thought, i'm not saying i buy into it at all, but there's a school of thought that this brett kavanaugh stuff will fire up the right the democrats have had the momentum, everyone is talking about the blue wave, but this kavanaugh stuff is getting gop voters off their seats because they're frustrated on how it's being handled. do you buy into that at all? >> i don't know how big it is. on that very specific topic, i heard that independently from people i didn't have to ask the question i heard it from republican voters in both areas of a lot of anger with how the kavanaugh nomination has been handled, and they're taking aim at the media, at democrats, and they seem to be enthusiastic about it i have not seen polling that has shown that it's had a big impact yet. but i'll be curious to see
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whether it's showing up in polling. >> there's no way to know, tony. i love your anecdotes here we both travel places. everywhere we go, i don't know about you, but everywhere i go, people lock ok at me like i have two heads. brian, i love cnbc, but what's on the cover of many of the national newspapers every day has no bearing on how i think or what i believe is happening in this country right now >> so many of them are not paying attention to the things we spend all day talking about and watching and reading about on twitter i don't think that's often well understood in d.c. and new york. >> listen, we have a stock market that is at record highs i understand people may not invest in stocks directly. the market is at record highs. the economy is booming we have more open jobs than unemployed people. i just do worry that there's a lot of really good news and
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interesting economic stories outside of the beltway that is getting blurred by the fact that every day it's kind of the same stuff taking the headlines >> i do know that, you know, if we look at president trump's polling, again, he is still upside-down. still largely -- more people disapprove than approve of the job he's doing, even in this strong economy the economy itself is its own separate story it did have an infusion of support on the fiscal side from both tax and spending. but it's a strong economy. seeing a lot of organic growth seeing good entrepreneurial stories. we'll see what happens in the global economy, whether that has an impact on the u.s. right now. it's hard to remember. i remember some good economies it's hard to remember a stronger economy, one that is this robust
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and creating jobs, now we're seeing rage growth comwage grow, too. >> we have smart guys like you on trying to sell some of these good news stories. they are out there >> they are definitely out there. you know, trade is still an issue out there. i think we'll have a long line of headlines for another couple years on the trade war and getting this new nafta done, on negotiates with the europeans, the japanese and the fight with china. i think that will go on for a while. we are still see some of those headlines. >> all right always appreciate your good news visits tony, always a pleasure. have a great day >> thanks, you, too. let's talk about that and shift it to your money small caps are starting to roll over a bit this is called the
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trump trade. let's bring in the equity strategist at miller tabeck and company. you heard our previous segment, do you think the trump trade, buying american stocks is starting to roll over? >> well, it certainly has been the last week or so, or couple of weeks it's too early to say this has become a major problem you know, the russing 2,0 inells down a few days in a row, but it also brings about questions of economic growth in 2019. one of the main reasons this russell 2000 is down is because it's heavily weighted with regional bank stocks looking at the kre bank index, it's down quite a bit. you worry about that because one of the reasons it's down, we talk about the yield curve, we see that loecan growth is slowig a bit. the other thing going on is the
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housing stocks in the bear market territory now this brings questions that as the effects of the tax cuts begin to wane moving into next year, will growth start to slow. not talking recession, but will growth start to slow and with the stock market priced to perfection will that cause stocks to do something >> mortgage rates jumped a percent in a year. that's a couple hundred bucks in mortgages. every time a house is sold, money is put into the economy, moving fees, hiring a painter. is that the biggest warning sign we're not talking enough about >> yeah. i think people are too complacent about it. one thing people keep talking about is that the rising interest rates are still really,
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really low so rising interest rates won't have much of an impact what's going on in the housing stocks is telling us something different. again, it's a bear market. down over 20% now. and the thing is we have to worry about what -- going back to the interest rate thing when interest rates start moving up, it doesn't matter -- stop one second the one thing i would really say is every time the fed starts raising rates t has an effect on the mortgage rate market, but it has a lag time as we move into 2019, every single time in the last 50 years it's caused a problem in the stock market to think it won't happen this time is a concern. >> the market doesn't seem to care every day i come n i'm lishg in
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good morning, stock market is up maybe things have changed enough that all the things that we have don't matter so much anymore because etfs have eaten the world. >> that could be the case. that's why i'm saying you need to play the market the right way. i think the right way now is to be more defensive. these defensive groups, like the healthcare stocks, which are overbought in the near-term, also the consumer staples. these groups are holding up and slightly outperforming the markets. if you get more defensive you limit your downside if the market rolls over, but you're not hurting yourself on the upside at least you haven't in the last five, six months the healthcare group could still work very well let's face it, anything can happen old dominion beat virginia tech in football this year. >> oh, you hit me where it hurts.
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welcome back 5:44 good morning let's find out what you'll be talking about today when you step out of the office frank holland has the top trending stories >> i know you're a big tex ter.r users will start seeing 70 more emoji options, there will be red hair, curly hair >> they don't have red hair on there now? >> i guess no. >> and even bald >> like your choice to be bald grandpa indicates you lost your hair >> mangos, lobsters and a bagel emoji that has new yorkers up in arms i'm not a new yorker apparently it's too smooth and looks machine cut and plain. >> that looks like one of those bagels you get in the freezer aisle. not a real -- >> not a new york city type? >> yeah. let's find something else to be
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mad about. just type bagel, whatever else you want on it >> comes up. when you thought you had seen the last of toys "r" us, the company canceled a bankruptcy auction at the last minute where they would have sold off the brand names and probably the most important part of the story, geoffrey the giraffe mascot the company proposed a reorganization plan that would open the doors to reorganizing and maybe more stores coming back toys "r" us, babies "r" us and geoffrey the giraffe >> that's a good news story. >> i like it >> maybe, maybe toys "r" us coming back. a lot of jobs were lost. >> 10-year-old me would have been the most excited about this >> welcome to the cnbc family. you're from philadelphia originally >> philadelphia. >> we have -- not we, i'm not from the new york area, does philly have crab fries >> cheese steaks >> aside from the obvious.
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>> that's the most important >> cheese steaks and chicken cheese steaks. some people only eat the chicken ones >> in the reading terminal market, there is a roasted pork sandwich, i'm so hungry right now, with broccoli rabe on it. >> let's go. >> reading terminal market >> let's do it. weighing the risks could a buyback pullback send stocks into a tail spin? and why history says we may be in for a fresh record run always fresh, never frozen as we head out, let's check some stuff. we're back after this.
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payroll employment is over 200,000 per month for many months which is a good showing inflation is up 2% i said i think inflation needs to get up to 2%, and here we are. so i think things are going well this can be continued for a number of years. in fact, i think by setting the policy rate just a bit above neutral that will keep things going for quite some time. >> very positive comments from chicago fed president charlie evans. he was on cnbc in europe earlier today. his comments come after jerome powell yesterday said he sees a remarkably positive outlook for the american economy, but maybe too good to be true. buybacks are booming all this as companies repate yac repatriate hundreds of billions of dollars overseas. here is the question for your money, what happens when that nonstops
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nonstops -- nonstop money stopsg in lay out for our audience who probably doesn't track corporate buyback data as closely as we do how big the buyback boom is now. >> it's basically at all-time records. for the 12 months ending june of this year, it was 4$464 billion so record numbers and extremely large. >> that money is coming back the tax law -- we expect that to continue for how long? >> looks like it could continue for quite awhile the good thing about the analysis we did as far as being bullish on stocks is even if you add up all the buyback money and the money spent on dividends, it doesn't equal the earnings for the s&p over the last 12 months.
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there's a buffer here. companies could see some modestly down earnings next year, and still be able to afford the buybacks and dividends they're paying now even though it feels high and looks high, earnings are higher. >> it's not going to last forever. what do you -- eventually that buyback money, that repatriated cash will slow down or stop as companies bring it back home what is going to happen when the buyback boom slows or ends >> the buybacks are incredibly important to stock prices. unlike past bull markets back to the '80s, '90s, 2000s, investors are not buying a lot of u.s. stocks there's been $70 billion of redemptions from u.s. stocks, so they're offsetting 6$650 billion of buybacks is a big boom for stocks once those slow, we look for companies to report good numbers. that supports stock prices more
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than people buying stocks. what do you think is the biggest risk to the market is it the buyback boom slowing down or is it something else >> it is a combination of a slower 2019, because let's face it we had a rock star 2018 both in terms of earnings, buybacks, dividends and the economy overall. next year we will anniversary that growth. that could slow down and the earnings and buybacks slowing down with them >> nick, fantastic work every day. appreciate you and your team thank you very much. >> thank you it is rbi time the most random but interesting thing you will hear all day. today it may be the most profitable thing check this out history says we could have a good run coming for stocks not only is the s&p 500 posting a higher average return in the month of october than any other going back 20 years, and not only have midterm election octobers been even better than regular octobers, but going back
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to 1949 when you combine the fourth quarter of a midterm election year and the next two quarters after it, so this quarter and january through june of next year, the dow jones industrial average averages a gain of 20%. since 1971, the nasdaq jumps 32%. all of that, according to the stock traders almanac in nine months according to them and lpl financial history says at this quarter and the next two, because the midterms and the coming presidential election in 2020 is the best three quarter combination for the market and your money, probably because politicians are just promising everybody a lot. that's your morning rbi. let's hope it holds. about 90 seconds left in the show let's find out what's coming up on "squawk box." joe, history says despite all the headlines and things saying we're doomed, the market could do well. >> i just like the rbi thing at
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this time of year. should be interesting front. >> the rocky's game just ended 20 minutes ago poor cubs. >> yankees tonight this guy billy beane, i don't know whether he's behind us. they're starting a guy from the bullpen. but it's against the yankees they didn't have to do this, brian. i was trying to figure out why they do these wildcard playoffs. they do it because it's exciting three divisions in each league, they just want two wildcard games. >> it's like hockey. >> sudden death. >> just start the playoffs because every team pretty much makes them >> no, not in baseball only -- not that many. >> they're probably going towards that, you know what i mean >> but it's sudden death tonight for the yankees. that's what i was thinking about
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the rbi. >> i'm saying if you read the paper, it's like the world is ending, but outside of the beltway, somehow america keeps performing well. >> i mean, think about it. seriously. not only well, but -- i know, you know, trump speaks in hyperbole a lot, but there is something going on here. yesterday we were down triple digits early on and it closed up almost triple digits nasdaq was down a couple straight sessions. so, you know an auction is coming up. it's weird an auction for neil armstrong stuff. you can imagine -- thinking back on that, i watched it, being the first man on the moon, anything that has anything to do with you, i would think historically becomes -- i like people who hit 61 home runs, but think about being the first man to walk on the moon we have mark armstrong, neil's
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son and greg rowan on the 12th, the movie comes out, the uvealnirs movie "first man" and the action is the same day. there goes our first big order. ♪ 44, 45, 46... how many of these did they order? ooh, that's hot. ♪ you know, we could sell these. nah. ♪ we don't bake. ♪ opportunity. what we deliver by delivering.
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good morning stocks on track to open at record highs as wall street kicks off the fourth quarter with a bang. full market rundown straight ahead. tim cook sounding off on data privacy he says don't believe tech companies that say they need your data. and we'll tell you about public offering for tencent and aston martin and talk to the ceo of upwork which is debuting on the nasdaq today it's wednesday, october 3, 2018, "squawk box" begins right now.
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♪ live from new york where business never sleeps, this is "squawk box." good morning welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. our guest host is noah black steen from dynamic funds good morning >> hi. how are you? >> good to see you yesterday you saw a turnaround for what happened with the dow this morning you see green arrows across the board this is after the dow ended up 122 points another record high. a four-day winning streak for the dow. right now indicated up 74 points the s&p indicated up by 7 points the nasdaq had a decline of 37 points yesterday, today up 21 points th
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