here is your five at 5:00. apple is the stock to watch. shares down big following the latest earnings report. all three major averages are on a three-day winning streak. will it go to four oil sinking to a seven-month low as the oil market braces for new iran sanctions. starbucks shares soaring after knocking it out of the park the last quarter. and the big number you need to watch as we count down to today's payroll report it's friday november 2, 2018 "worldwide exchange" begins right now.

♪ good morning a warm welcome to "worldwide exchange" live from london i'm wilfred frost sitting in for brian sullivan for the final time this week let's check in on futures. pointing higher. it's a positive move, as it has been for the last three sessions and continuing with some positive impetus around possible trade tensions easing with china. that's led to big gains in asian markets, which we'll come to in a moment the dow is up 185 points nasdaq up 18 s&p up 17 points we're looking at between a half percent and 1% of gains for the major indices. the nasdaq weighed down a bit because of apple, the top corporate story today. shares of the tech giant tumbling following its latest earnings report. they reported a beat on the top and bottom lines, but the

company cautioned sales for the current quarter will likely fall short of wall street expectations apple announced it will stop issuing quarterly sales numbers for iphones, ipads and macs. down about 5% right now. let's bring in cyrus sum up the numbers we will get into the issue about not releasing the number for iphones going forward. earnings revenue overall, what's your take? >> we see this as a strong quarter. they made 63 billion of revenues the iphone shipments was the disappointing number, 47 million, roughly the same as last year. but the key -- the two key standouts for these earnings were average selling prices went up toand they're reducing

visibility of average selling prices in the future by combining this iphone, ipad, mac number >> that reduction of visibility going forward dominated the earnings call. all sorts of analysts were upset about that and trying to second guess why they're doing that if they're going to try to hide something going forward. is that weighing on the share prices >> i was surprised apple did that perhaps they're worried. from what i can see, in the short-term, apple is a strong company. there are medium term risks. in the short-term, apple is strong i can't see a near-term competitor knocking them out the key figure in these results that confirm that is the asp going up 28% >> i guess that's why people are raising questions. iphone sales themselves as you said are flat. the key thing there is the prices are going up. why hide the detail on that

number does it suggest they're worried that the number can't keep going up as much as it has >> i think it's a combination of things on tuesday we saw them promoting the ipad pro, versus the mac maybe mac numbers are falling. essentially all these devices are run on ios to me they're one product. the market sees them as three separate products, but really they're one product as far as the operating numbers go what were the rest of the numbers like focusing on services and china sales >> services doing well china is the biggest risk going forward. when we look forward we have three areas of analysis. we look at tech themes, regulatory themes, and macro themes the china/u.s. trade war issue is the biggest risk for apple. china is 20% of apple sales if that trade war escalates, apple will get a double whammy >> do you have a buy rating on

apple? >> on a short-term basis, very strong we think it will bounce back medium term, 6 to 12 months, the biggest risk is technologies that apple is falling behind in, augmented reality and artificial intelligence >> and other major f.a.n.g. names have pulled back sharply during this period, do you think that's happening as a whole, or do you think one should be pulled out >> we think one thing that will weigh down on tech stocks is regulation facebook will get hit there, maybe amazon on anti-trust issues we think all the tech stocks will continue to do well >> cyrus, thank you. let's look back to the broader markets. firstly futures pointing higher.

green arrows across the screen following three days of gains. for all three of those indices yesterday we got the s&p and dow up 1%. for the week, we are up 3% for the s&p and nasdaq, dow is up 4% bloomberg reports that the president asked his staff to start drafting a possible trade deal with china. the kospi has had the best day since 2011 still strong gains across the screen hong kong in particular up 4.2%. european trade also looking pretty good. but not to the same extent it's been a good week for europe, up about 2% to 3% before today, adding 1.3 there for germany. let's talk about global markets and the trading day

ahead. joining me is david urnt thank you very much for joining me >> hello >> headline point on whether trade fears can ease with china. do you think that is likely? how big a boost would that be to global growth expectations >> it could be a substantial boost. at the end of the day what we're seeing this year is a slowdown in the world trade cycle in the first half, going into the summer, going into august, world trade accelerating led by em the people we follow in particular in terms of tracking world trade are the dutch, they highlight going into august world trade accelerated back to previous highs since the financial crisis obviously the market doesn't believe it if you do get a resolution in the trade tensions, that would be seen encouragingly by the equity markets >> if we think about the data across europe, is that getting slightly better or still on the trend from the start of the year

of worsening a bit >> the third quarter actually was weak in particular the hard data showing 2% of gdp in the third quarter for eurozone overall and flat for italy there's huge focus on italy. this in november is the month that the ecb bond buying program winds down quite significantly last month october the ecb was reinvesting a lot of those portfolios that rolled off the balance sheet. this is the month when we notice the step down in the qe program. if we get further weakness in countries like italy, that will be another argument to spread widening inside the system which will then impact back to equities >> do you think the political risk across the eurozone is underestimated >> yeah. brexit is the most obvious concern. we have the stress tests being published again today. it will be interesting what they say about what -- about how resilient is the eurozone

banking system, the eu banking system to a no-deal scenario that's important the nonperforming loan issue in italy. the risks around the system from italian contagion. we know the french banks are exposed to italy it will be interesting to see what clarity we get with that and the stress tests if we see a change of leadership at chancellory in germany, and it goes to someone more right-leaning, is that a big worry for europe or i do think germany will kind of want to keep the eu together >> absolutely. sort of we just don't know the leadership we don't know the intentions we know the french intention is to basically result in a much more centric coordinated europe that works for everyone. we are seeing these tensions the eu elections next may will be key it's a moot point whether the uk

at the end of the day will still be involved this those because we may not have left the eu if they don't get to a resolution on the withdrawal agreement. at the end of the day these eu elections are important. the populist party in italy, the move to the far right, all that will come through in the eu elections. >> david, great to see you let's dive into individual stocks to watch today. starbucks latest numbers beat forecast the chain posting the best sales growth in the u.s. in more than a year the company benefited from higher prices as customers drank more cold brew and specialty drinks a rebound in china was also a big driver in the quarter. it's up 8.3% the ceo will be on "squawk on the street" today at 9:00 a.m. eastern. don't miss that, not least because it's him but also looking forward to jim cramer's analysis he made this call about two, three weeks ago.

they rallied off that bottom. shares of kraft heinz are under pressure earnings missing forecasts rising commodity costs and pricing promotions overshadowed higher than expected sales it's down 6%. shake shack's earnings beat forecasts but same-store sales fell shy of estimates. it's down 3.3% we are also watching shares of caesars, the casino is on the hunt for a new chief executive contessa brewer has more on that caesars entertainment ceo mark frissora is leaving the company. it's been more than a year since it has emerged and the improved margins has it still facing the same challenges in la las vegas, slow group bookings and a slower event calendar

it is off nearly 25% year-to-date and it is the target of speculation about a takeover caesars confirmed yesterday it has rejected a proposal from tillman fritita. it missed on revenue, lifted the outlook for las vegas in the fourth quarter with improvement in group bookings into 2019. the stock is up 10%, almost 11%. his contract ends in february. >> contessa, thank you very much for that see you later in the toe. looking at the day ahead, we'll hear from the vice chair at alibaba, joe tsai at 9:00 a.m. on the economic data front, october jobs report at 8:30 a.m.

eastern time, followed by factory orders at 10:00 a.m. still to come on "worldwide exchange," oil in focus. prices slipping as investors brace for new iran sanctions. and an earnings bonanza. tons of big-name companies reporting last night we'll break down their big moves when "worldwide exchange" returns. place, the xfinity xfi gateway.

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. welcome back to "worldwide exchange." looking at a possible fourth straight day of gains. s&p up 19, dow jones up 200, nasdaq up 18 joining me is alan guilder from wood mckenzie. thank you very much for joining me >> pleasure. >> let's touch on these sanctions coming into play is that priced in fully, everyone is fully aware of it in the marketplace and do you think everyone can pick up whatever supply is taken off the market >> the challenge is how much iranian oil will be taken off. there's been reports this

morning of waivers being introduced for eight countries, india, south korea, japan. that means there could be more iranian barrels on the market than the market was expecting, which is contributing to some of this price weakness we've seen over recent days >> whether it's 1 million barrels or more, will others be able to pick up that supply quickly? >> if it's about a million barrels, yes that's what saudis and russians have contributed to that supply. if it's all of iranian production, that becomes difficult. there will be limited spare capacity our outlook is 1 million barrels a day lost there may be less. so the next few months oil inventories may be increasing. so the saudis may need to pump less >> the dollar has been strong of late, october was up 2%. if that subsides from here, do you think we'll see an oil rally or is the correlation more broken down? >> correlation is more broken

down over the near-term. it will be around how much iranian barrels come off the market and the volume response >> if we talk of geopolitical risks in general throughout the course of 2018, have there been more than a typical year, and moving into next year will we see oil prices able to pull back a bit? >> nice, easy question difficult answer i think we've seen a lot more uncertainty in the market because we've seen people take or countries take aggressive stances to make a point. that's leading to much more volatility so that's part of the reason >> to sum up the demand outlook in the u.s. and globally >> u.s. demand is strong strong demand for diesel petrochemical feed stocks. demand growth is weaker. weaker growth in china because of weaker gdp growth

it's partly because of high prices the u.s. consumer might get a boost as a result of the oil price weakening. >> wti around 63, forecast for the next 6, 12 months? >> probably the same for the wti the difference is when the permian infrastructure costs come off, which should be the middle of next year. the discount to brent will significantly weaken >> great stuff thank you for joining me this morning. still to come on "worldwide exchange," betting big on miami. royal caribbean cruising into the 305, it has a lot to do with china we'll explain that story and flight secrets, can you guess the dirtiest place on an airplane the answer has been revealed officially 'lteouhat it is coming up from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back.

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welcome back to "worldwide exchange." futures looking good more than 200 points on the dow. 0.8%, 0.9% well, we just slipped. now 184 points 0.7% nasdaq lagging, up about 0.2% in the premarket. in the travel space, royal caribbean making a big bet on miami. seema mody is there live with the latest good morning

>> good morning. the cruise industry is expecting a strong upturn in 2019. 17 ships are expected to come online next year the problem is there's not enough space, enough capacity at the ports to accommodate that new demand royal caribbean ais launching terminal "a," it's the first time a cruise liner has built and operated its own terminal here in port miami it's an ek pan siexpansive effo0 jobs, and royal expects bookings to increase from 750,000 to 1.8 million per year over time royal expects to lease out this terminal to some competitors like norwegian and carnival analysts say that will create a new source of opportunity for the cruise line operator but there are a number of headwinds out there. we spoke to the ceo, not only

geopolitical but u.s./china tensions as well >> i'm a free trade advocate anything that creates tensions about free trade i view as economically a bad thing >> the other challenge is timing the launch of this terminal comes amid renewed fears over the state of the consumer, the outlook of the economy sun trust's analyst says this is a sector that is economically sensitive and cruise lines and the industry in general thrive when the consumer feels confident about the jobs market and the economy. that's when they're more likely to prioritize travel and experiences like cruising. back to you. >> seema, on the topic of the trade fears with china, would an asian cruise goer board a cruise ship in miami or ports they use in asia itself will this particular spot be

affected whether china trade discussions improve or not >> that's a great question it's really interesting to see that the latest data we have from the commerce department shows that chinese tourists who the united states are already down year to year and a lot of experts say that is due to the ongoing trade tensions the other part of the story is the cruise industry, specifically the u.s. cruise line operators, expanding efforts in asia. royal caribbean, carnival and others are trying to attract that chinese traveler by setting up travel around the asian region the ultimate goal is to get them here, the cruise capital of the world. >> seema, thank you very much. hopefully you will be outside later. >> you get >> seema mody for us in miami. let's check in on the other non-business headlines

>> happy friday. prul prum's pruesident trump's y to stop the migration has hit a road block tennessee executed its first person in five years that state usually carries out the death penalty by lethal injection, but zakorsky chose the electric chair instead new dash cam footage shows the moments when milwaukee police rescued a toddler from a burning car. police tried to pull the car over last week the driver took off leading them on a high-speed chase.

the car crashed into a tree and caught fire. when officers went to rescue the passengers, they discovered the child. good samaritans helped the officers pull the 2-year-old girl out she suffered a broken leg and a bruised lung another passenger died the girl's mother was driving, she survived and is now facing charges. wilfred, back to you >> thank you very much for that. still to come, break out the crystal ball one market pro says the next rally will decide the fate of this market in the long-term we'll make his case ahead. it's that time of year again. starbucks revealing its new line of holiday cups. the internet is buzzing as usual. you can see the starbucks ceo lar day tetoon "squawk on the street." this is a tomato you can track from farm, to pot, to jar, to table.

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market alert futures in rally mode following a move higher in asia. apple shares tumbling after the company reported results we're digging in on the quarter ahead. and it's jobs friday the big number you need to watch as we count down to today's payroll report it's friday, november 2, 2018. you're watching "worldwide exchange" on cnbc.

sunset ♪ ♪ good morning a very warm welcome to "worldwide exchange" this friday morning live in london i'm wilfred frost sitting in for brian sullivan he will be on "closing bell" this afternoon with sara eisen let's get you up to speed on what's happening out there in the business world contessa brewer has the morning headlines. >> good morning. shares of apple tumbling following the latest earnings report the company reported a beat on the top and bottom lines but missed on iphone shipments and cautioned sales for the current quarter will likely fall short of wall street expectations. we'll have more on this in a bit. starbucks fourth quarter results beat forecasts as it posted its best sales growth in the united states in more than a year the company benefited from higher prices in its biggest market. and caesars entertainment ceo is stepping down the company will begin a search for his replacement.

the company also released its third quarter report beating earnings estimates but missing on revenue expectations. wilf >> contessa, thank you very much for that let's check on the markets this morning. futures pointing higher. we were up over 200 points on the dow, but slipped the last 20 minutes. still a positive open for all three indices. we have had three days in a row of gains coming into today yesterday we were up between 1% and 1.5% for the week as a whole, the s&p and dow 3% coming into today, nasdaq up 4% coming into today it's been a positive week after a negative october green arrows in asia as well as bloomberg reported the president asked for his staff to draft up a potential trade deal with china. european trade also positive, about 1%, 1.5% for the likes of

germany. a positive week there. positive equity performance around the world this week joining me to discuss this is sven hendrick. thank you for joining us >> thank you for having me >> looks like it will be a four-day bounce. what's key from here to decide whether that will be sustained through the year >> we have to look at the context of the entire year in january we had a global blow off, with the u.s. indices, asia, europe all making new highs. then we had the initial correction in february something very interesting happened here. we had a big divergence between emerging markets, china, europe, and the u.s. went on its own trek making new highs as the rest of the world was correcting there was an illusion that the u.s. is its own island in the

sun, the effort is flat, nothing else matters then we had a wake-up call in october. all these new highs made in september and early october for the dow, they came on waning participation, weak internals, and a narrowing of leadership in some very high cap tech stocks this is your classic market topping sign we've seen this before in 2007 we've seen this in 2000. then the counterrally that happened after that initial drop off in october, that was the key moment where the markets actually make a lower high or whether they are able to make new highs. that's specifically what we're watching here now. >> so what does that mean from today for the next couple of trading days we have to go past the october/september highs again or not? >> ultimately that's what needs to happen. either new highs or we're entering a bear market into 2019 that's the way the charts look

this rally this week was perfectly timed. there was a lot of oversold readings these readings are pervasive this selloff in october was dramatic 8 trillion in market cap was wiped off. now we are getting back into some key moving averages if we look at fundamentals, what would make you concerned about the bearish outlook you outlined growth in the u.s. or what >> we've seen growth slow down markedly in europe we've seen that in china, japan, south korea. the u.s. is still on a positive trajectory from tax cuts, the question is how much further this can go. from every projection i see, we're not seeing a sustained new growth coming into 2019 from

these tax cuts if they cannot accelerate in growth, we're seeing slowing growth in 2019, and that will also impact earnings we have very favorable comparisons in 2018, but negative into 2019 >> you mentioned the fact that for most of 2018 u.s. and international markets decoupled. we did see a pull back in the u.s. in october, but of similar size to what happened around the rest of the world. where does that leave us in terms of valuations and preparations in terms of u.s. equities and the rest of the world equities >> this correction realigned some success we've had in the valuation scheme now we need to see if the market is not only depending on buybacks -- remember, what happened in october was also a complete lack of liquidity coming in. buybacks had a blackout window, now they're coming back. they can give you a positive boost. we can also have positive

seasonality, maybe the china trade war is being resolved positively the gig question abobig questiod that everybody is asking >> quickly on the tech point in the u.s., when you see apple selling off significantly despite a revenue an eps petbea does that concern you? what we've seen, this is coming into 2018, massive technical disconnects, meaning stocks like amazon and apple, obviously all the f.a.n.g. complex had run away keep in mind tech is up ten years in a row there's been no serious corrections along the way. up to this point tech had been up seven or eight quarters in a row. what october did was create technical reconnects it's a good thing.

you can see a rally from the reconnects the question is how far it can go >> not for apple today any way sven, thank you. sven hendrick. some individual stocks to focus in on now. cbs reported better than expected results on strong ad sales. u.s. steel's earnings topped forecasts on high prices and shipments but the company is cutting its full-year outlook. it says it is seeing lore customer orders as steel prices fall back from highs weight watchers shares are down sharply today the company's earnings and revenue missed forecasts and subscriber growth fell for the second straight quarter. i thought we had to call it ww now, because you can't talk about losing weight.

that's down 15%. time for the top trending stories, contessa brewer has those. >> halloween is over, so holiday cups at starbucks come in four festive designs. each one inspired by different starbucks holiday coffee flavor. starbucks is offering a reusable holiday cup this year which looks like the plain red cup that was so controversial a few years ago. but this one you get for free with your holiday drink order. if you remember to bring it back with you, you get50 cents off your next one. seems like a big deal, yeah? elon musk is making some big headlines this morning musk told recode's cara swisher that he probably would not take money from the saudis following the killing of jamal khashoggi he went on to call khashoggi's

death ball elon musk tweeted earlier this year that he was take iing tesl priva private. a bunch of new emojis were released this week, but no one is quite sure what this is supposed to signify? embarrassed, happy, drunk? people are making guesses online you went to the dentist and you had novocaine on one side? another user joked it's the face that everybody makes in their driver's license foet photos. frequent fliers, what's the germiest spot on the airplane? according to a new survey, the headrests and the seat pockets the cbc study took over 100 samples from 18 different flights finding multiple causes of infection including e. coli

so people who bring their sanitizing wipes, wiping dow their trays may want to reach in front and wipe out that part they had a list of what they found in there it's early in the united states. i do not want to disgust you with some items they found in there. >> also, the seat pocket in front is always disgusting that doesn't surprise me i would never put anything other than a laptop or something -- you wouldn't put anything you want to really keep close to your body later in that. the headrest surprises me. i would have thought that would have been a bit germy, but not the most >> when you come back to new york, you may be one of those people with the hood that zips up so nothing touches. >> i'm the typical hood wearer and the emoji, i think it looks

like my drunk face >> no. i don't think you could ever be drunk. maybe just -- >> never, but occasionally on a saturday night in london with my brother to come this weekend before coming back on sunday without germs. t >> the admissions. >> contessa, thank you very much. apple gets crushed, the tech company seeing red this morning. we'll tell you what's pushing the stock lower. the countdown to jobs numbers is on. we're digging in on the big themes you need to have on your radar. stick with us on "worldwide exchange." snores with gusto... and marvin... are going to need a bigger bed. ♪ ♪ ambitions live everywhere. synchrony helps make them happen with financing and partner offers at over 350,000 locations. ♪ ♪ synchrony. what are you working forward to? ♪ ♪

welcome back to "worldwide exchange." let's check in on the futures. three days of gains in a row for the three major indices, which is a surprise following october. the dow is up 180 points nasdaq up 7. s&p up 15. treasuries, we've seen yields tick up a bit during the course of the last few trading sessions the ten-year 3.17% that likely to move around when we get the jobs number later this morning at 8:30 a.m. eastern time shares of apple tumbling following its latest quarterly report elizabeth is here to break down the quarter.

good morning >> good morning. apple beating on the top and bottom lines, but investors worrying about light guidance for next quarter and a change in the reporting structure. apple saying they will no longer report unit sales for iphones, ipads and this is a little bit you go to your market, push your card up to t cart up to the cashier and he or she says how many units do you have in there? it doesn't matter a lot how many units are in there in terms of the overall value of what's in the cart >> so analysts are saying apple is trying to position itself as a services company, not just a hardware seller. remember, iphones alone still make up 60% of apple's revenue apple reporting it sold 46.9 million iphones last quarter, slightly below expectations.

the average selling price is $793, that's compared to $794 last quarter revenue beating estimates, 62.9 billion. revenue guidance was light for the crucial holiday sales quarter coming in slightly below expectations, revenues of 89 billion to $93 billion citing headwinds from foreign exchange, emerging markets, and supply and demand >> interesting that the earnings call was dominated about this change in how they'll do the guidance going forward that sound bite you played for us, i don't think that answered the question at all. people feel like they are planning on hiding something going forward. the question is whether the numbers blow past those fears, but it may take a couple quarters for that to happen.

that's what analysts are saying. it will take time for us to get away from these quarterly iphone numbers. tim cook is trying to say we have to look at the company as a services company it's the apple ecosystem, but their products still dominate. >> it's approaching the top of the hour, almost time for "squawk box. becky quick has a look at what's coming up. >> we have a lot to talk about with these markets mike santoli tweeted this out late yesterday, he tweeted it out before the close of trading. when we were up by 0.9% on the s&p. we have not seen three days where the s&p 500 had gained 1% in a long time in fact over the last ten years it only happened three times before yesterday those three times were all key

inflection points for the markets, one time in 2011, twice in 2016, that marked trading lows he tweeted this out when we were up by 0.9% guess what by the end of the day we were up by more than 1%. that trifecta for the s&p, up 1% for three days running happened once again we'll see what happens this morning you're looking at the strong numbers on the markets. a lot of it because of what the president said in terms of trade with china the talks he had with president xi of china that he said went very well. very good conversation that's the lead in the "wall street journal." it's on the top of mind for investors today. we'll talk about that throughout the morning. kicking it off at the top of the hour with michelle girard about was she sees happening we have the jobs report out today. 8:30 that number comes

3.7% is the expected unemployment rate, sticking near a 50-year low, but there's been some talk that it doesn't matter what the number is this time around you'll see good news with good wages sdmrooch wages. we'll discuss apple and the jobs picture, and we have a ceo who will be joining us wilf, i'll see you back here next week? >> you will. i'm looking forward to it. >> excellent >> looking forward to "squawk box" at the top of the hour. becky quick in new york for us still to come on "worldwide exchange," we'll dive in ttohat jobs number that becky teased. right before our eyes, aging is unleashing exponential growth...

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so "worldwide exchange." on the data front today, we will get the october jobs report at 8:30 a.m. eastern time let's talk about that jobs report with charles dumar. key number you're looking at ahead of that jobs report? >> if you're asking what i think it will be, i don't know the number will probably be in the region of just under 200,000. >> do you think the market would rather have a soft number this time around because of the implications of what a strong number means for the fed and rate hikes next year >> i don't think the jobs report is particularly important in this context the issue for the market is are

we going to have a trade war or not. and if we are going to have a trade war, the market has a problem over the next year if we're not having a trade war, then the growth is fine, and the economy is on a good sort of upswing. the market should be bullish >> it's always hard to sort of work out if these headlines reports about the likelihood of some prognosis brresnosiress be and china are true or not. but this week the two presidents did speak to each other. is that something the markets should be rallying on as it has in the last three sessions >> i think the market has to guess on what is a binary situation dictated by politics in which it is almost impossible to know which will happen next political forecasting is even

more hazardous than economic forecasting. if there is an agreement, the u.s. economy should be fine for the year ahead, i would be bullish. if there is not an agreement, i want to sell this market >> what about the midterms coming up next week? is that a factor for equity markets? >> yes, it's bound to be it will be a factor for mr. trump. of course exactly which way he bounces on the back of the midterms remains to be seen. if the democrats do well, they could argue he should quit, if the republicans do well, he will be vindicated. he could carry on with trade war processes or alternatively he may decide to turn on a dime, meet up with xi jinping at the g20 and do a deal. >> charles, thank you very much

for joining me now also watching shares of barclays the company naming nigel higgins as its new chairman. shares are higher this morning after a decent run of late knowing who the next chairman is is probably good news in the short-term for jes staley. there was talk of an m&a deal that would have been tough for jes staley and a former cfo of jpmorgan is taking a big stake in deutsche bank. doug braunstein taking a 3.1% in the embattled german lender. he will be on "squawk box" at 7:40 a.m. eastern time i will be tuning in to that as well as the whole show jobs number at 8:30 a.m. a big show ahead for "squawk

box. we are called higher, possibly ae fourth straight day of gains in row that does it for "worldwide exchange." "squawk box" on the other side of this break. place, the xfinity xfi gateway.

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. good morning could be a good week if this happens. markets are in rally mode again today. u.s. futures are sharply higher. asian markets soared overnight on reports that the u.s. and china are making progress on a trade deal a full rundown of the big moves. all of this is happening in spite spite of a good bellwether apple says it will stop breaking out individual sales numbers from the iphone, the ipad and

the mac. and if that wasn't enough, it's jobs friday we'll get you ready for the october employment report and the potential reaction in the markets. it's friday november 2, 2018 "squawk box" begins right now. ♪ live from new york where business never sleeps, this is "squawk box. good morning, everybody. welcome to "squawk box" on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. as joe said, it's been a strong week for the markets the best week we've seen since early march. the dow is indicated up by 175 points the last three days without these gains this morning, the