it is 5:00 a.m here is your top five at 5 on a monday morning get ready for a huge week of earns. mcdonald's, ford, microsoft, caterpillar and many more on tap this week. another day, another delay uk prime minister boris johnson suffering a setback in his push to avoid a no deal brexit. no end is sight. protesters taking to the streets and again clashing with police in hong kong we're live coming up. boeing tries to bounce back after the stock sees its worst day of trading in three years. we have the latest and opioids on trial wall street on edge ahead of the

country's first federal trial over the opioid epidemic this monday, october 21st, "worldwide exchange" begins right now. ♪ good morning, good afternoon or good evening and welcome from wherefore in the world that you may be watching i'm brian sullivan thanks for joining us here on "worldwide exchange. your chart of the day really maybe chart of the year and perhaps the one stock that everybody will be talking about and certainly is boeing. investors losing a lot of money on friday. that stock down nearly 7% and taking the dow 170 points down with it. a rash of headlines and breaking news this morning as well as over the weekend, we're going to break it all down for you. we have phil lebeau coming up live in just a couple minutes. but first, on a macro-level you better get ready because this is a monster earnings week.

hundreds of the biggest companies in america set to show off their numbers and maybe this is finally the thing we need to look past things like trade fights and brexit as your driver for stocks, at least for right now. nearly half of the dow will report their numbers this week, there are some of the names and ahead of it, futures, well, they are mildly higher. not a big jump we're seeing dow futures up 53 points right now that's something to watch coming off of friday where boeing was the big story. now the dow of course is the big companies. but last week was actually quietly a pretty good one for the little guys. small caps ridesing 1.5% last week the russell 2 now, and s&p small cap both up about 1.5% bonds are holding relatively steady yields may be creeping up just a bit. the benchmark ten year at 1.78%. let's go around the world now and asia, china flat in hong kong and in japan, the nikkei 225 up again and pay attention, the nikkei actually up about 5%

in just the last 90 days that is something you want to watch despite september exports for that country falling 5% over last year. meantime, in europe, it's a mixed trade. mostly fat trade not seeing a whole lot going on. maybe mildly higher. look at this the ftse 900 up 9, 100th of. uk, we begin this morning, uk prime minister boris johnson failing yet again to sell his brexit deal. so, let's find out exactly where we stand with just ten days to go until a hard brexit is triggered. steve sedge wick with more steve? >> reporter: brian, i owe you and your viewers a massive apology because every single time i tell them we're getting to the crunch of this, we're getting to the key point, it just gets elongated. so big sorry to everyone on "worldwide exchange. i thought saturday would be a key day.

what happened? they didn't have the meaningful vote because there was an amendment beforehand from a former conservative party minister who basically said, look, really we don't trust you. we need you to have this extension and then potentially we'll back your deal that's pretty much what happened so we didn't get the meaningful vote spin forward to what it means it means grudgingly the british prime minister didn't sign it saying parliament wants me to send this. i'm not sending it it was like a teenage child. then he sent one on top of that which he did sign saying, look, dond, i'm sorry about this it's bad for europe and bad for the uk what does it mean? it means there's potentially not going to be approval from mps why won't they approve it? because they don't trust in the background there isn't something to get a no deal brexit as you say is looming around about ten days time. he sent his extension letter

what's going to happen next? well, it's all based in parliament rather than brussels for now. potentially he'll have his vote again today although it's undoubtedly. tomorrow, i promise you tomorrow there could well be a key vote on the whole process it's going to be called a withdrawal agreement, implementation bill. there you go, that's what your viewers want to hear. >> boris johnson requested that extension. steve, do we need any word or have we gotten any word from the european union on this >> no. let me make this clear the european union is going like this, just tapping their fingers, waiting for the brits to do something. we don't get it. we don't want to react yet because we want to see what's happening in westminster if they agree to the extension and proves not necessary as well, then they kind of did it unnecessarily. they want to see if boris johnson tomorrow and i promise you something will happen tomorrow, if boris johnson tomorrow can get this implementation bill through, if he gets the numbers like his

foreign secretary says he's got, then he'll try to push for another bill through parliament. very quickly saying i'm in control of the parliamentary agenda and try to get this done with the queen's assent. they may not need the extension. in the meantime, mr. macron, merkel will just say yeah we got the letter but frankly we're not going to do anything about it because we want to see what your bonkers politicians in london will be doing. at the moment they're just holding fire. >> holding fire. by the way, steve, no apology necessary because you and 1,000 other people have found this a difficult subject to follow, steve. always a pleasure, my friend no apology necessary. all right. so how does what's happening over there matter to your money and investments over here? joining us now is daniel morris, he is senior investment strategist daniel, what is your firm's base case on how this whole brexit thing ult plaimately plays out

what's going to happen from it >> i don't know if anyone really has base cases anymore you lay out some of the scenarios, try to put some probabilities on it, but what's abit astounding after everything we have gone through and what happened over the weekend, all the different scenarios for the outcome from brexit, you have a hard brexit, you have the uk having the second referendum so the whole thing gets reversed to different versions of the deals that we had proposed so far from boris johnson to theresa may, all though options are still possible and will depend on what happens in parliament this week. no one really is going to hazard a guess as to what might actually take place. all i can say is uncertainty frankly has not diminished. >> so is it flip a coin? how much uncertainty, daniel, is there? if no one knows what's going to happen, how do we know what to do >> well, you can look at how sterling is eacting, which so

sfar still seems to be pricing lower hard probability, we're now above $1340 to the there is more optimism we do agree that the odds of a hard brexit have fanl, but within the outcome beyond that is where it becomes quite difficult to hazard any prognosis what kind of deal will end up at the end of this. it seems the probability of a hard brexit has fallen but certainly it still exists. but then there are many other options to the hard brexit that we don't know really which one it's going to be yet. >> where do we invest? what are some of bnp best investment ideas right now, daniel >> despite all this and the chaos that seems to be taking place in the uk, we are on the margin overweight risks in general. we do like equities and like credit and do like u.s. equities though one thing i have to mention you talk about earnings season we're in the midst of and

a lot of companies reporting this week, we have to pay attention more necessarily than the actual earnings result is the guidance that we get from companies and the guidance we got last week was not very good. you had 25 companies report on thursday and friday and only four of them raised guidance, which is historically very low percentage even if the numbers seem to come in good or well for this quarter, if you have lower guidance through the rest of the year and into next year, the market is going to trade more on that than necessarily on their earnings. >> good luck trying to figure this out, daniel when and if you do please let us know and we'll get you back on "worldwide exchange. daniel morris, thank you very much. well, we are just getting started on this very busy monday when we come back, flaring up again and getting even worse how the unrest in hong kong is beginning to take its toll on global business and the markets. plus, while apple looks to dip its toe in the race to dominate 5g, one smart maker is

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welcome back and good morning. it's now 5:12. your big number of the day, i mean, big number, $39.6 billion. that's how much money fin tech, financial technology companies

raised last year according to cb insights we bring you that because that number is up 120% from 2017. fin tech is one of the hottest spaces for startups and growing companies right now. executives at huawei say the company is being hurt by u.s. sanctions and tell the financial times that huawei is struggling to replace google apps on its phones saying it will be years before they can develop their own. company has continued to grow despite the u.s. export ban with sales up 27% in the past year. huawei's main rival has big plans for next year. they expect to launch more than 10 5g phones speaking at an internet conversation in china the ceo says the mobile phone industry is worried that 4g models simply won't sell next year, they're so old. outside of china, shares of s.a.p. are higher this morning reporting 28% in third quarter profit

sas also announcing three-year deal with microsoft. s.a.p. is up 1%. on deck, the streaming war, the paper offering some top pix on who is going to come out on top and one of them is very close to home. and later, it is the flight everybody is talking about, what happens when you put 50 people on crew on a boeing 787 dreamliner for 20 hours. remarkable flight and maabrerkle story you have to hear coming up my gums are irritated.

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welcome back and good morning. 5:16 here. 5:16 p.m. in hong kong right there. you can see hong kong island on your left. we begin there because over the weekend, the crisis in hong kong flaring up again protesters clashing with police, even go so far as to set up roadblocks and hurl fire bombs the demonstrations, now in their 20th week, along with slowin growth in mainland china beginning to take its toll on the markets. look at the hang seng up fractionally right now but down over 7% over the past 90 days. let's now get more on the news and another weekend of anger in hong kong nbc's janis mackey frayer joining us live from there >> reporter: brian, we saw the 20th consecutive weekend and each week the protests get increasingly violent

and this past weekend a new flash point as protesters were passing by this mosque, police water cannon drove past and sprayed that stinging blue dye they have been using in the water cannons to clear protesters, hitting the mosque it's been cleaned up now, but there was this real sense and fear among hong kong officials they needed to act quickly to min mieds the damage carrie lam and the police chief coming here today to apologize to the muslim community. there is the sense that among protesters that this is another example of what they call a disregard by police in using harsh tactics to break up protests police have been using tear gas, increasingly using rubber bullets, water cannons, firing sponge grenades. over the weekend, we saw the protesters ramping up their tack tings as well, using what police

say is more than 100 fire bombs and targeting businesses, primarily banks, shops and restaurants they see as having links to mainland china. >> is there any end in sight this is now in its 20th week they seem to be ramping up, not scaling back >> reporter: well, the protesters continue to push for these five demands they want protection of broader political rights they also are protesting what they see as police brutality they want independent inquiries. but overall, there appears to be no common ground right now so there is little starting point for negotiation beyond the determination by protesters that they'll continue to come out week after week in order to push through these demands. so 20 weeks in, it does not appear that there is any end in sight to this unrest brian? >> janis mackey frayer in hong

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welcome back and good morning it's now 5:22 here on the east coast. well a tornado in texas and a political storm forces the president to make a change let's get all this morning's headlines outside of the world of money and business, nbc's phillip mena in new york now with those good monday morning, phillip. >> good morning to you, brian. yeah that breaking news coming out of the north texas where a powerful storm has left a trail of destruction a massive tornado was spotted roaring across northern dallas in the lovefield area. it ripped down power lines, plunging tens of thousands of homes into darkness. power was knocked out to more than 140,000 customers across the state, many buildings have extensive damage including several school which is will be closed today videos across social media showing scenes like this, uprooted trees, crashed cars and homes with their roofs ripped off. one of the two cranes over the collapsed hard rock hotel construction site in new orleans is still on site this morning.

a series of controlled explosions sent one crashing to the ground and left the other partially dangling crews hope to now safely recover two bodies which remain at the site president trump is abandoning plans to hold the upcoming g7 summit at his resort in florida the 180 comes after bipartisan backlash because it could ultimately benefit him financially. two sources tell nbc news the house was set to vote this week on a resolution condemning the decision to hold the g7 at doral in miami brian, back to you. >> phillip mena, have a great day. see you soon. >> thanks, you too. when we come back on she show, boeing responding to a former test pilot after he raised concerns over the plane makers grounded 737 max. plus, you better get ready because this week is a monster one for earnings, but some names matter more than others. we have them for you coming up

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good morning, and welcome back it's 5:27 here on the east coast i'm brian sullivan nice to have you with us on this monday morning all right, which of you, all of you out there, is ready for a big week for earnings? because it's just hundreds of the biggest companies in the world set to show off their numbers. maybe, just maybe, this is the thing that we need to look past things like the trade fight and brexit as the main driver for stocks at least right now ahead of all those names, too many to name, futures are mildly higher, up 47 points right now the dow fractionally lower last week friday driven mostly by boeing we'll get to that in a minute. but those are the biggest names. last week a very good one for the little guys. the russell 2,000 and the s&p small cap 600 both did great, kind of under the radar rising about 1.5% last week, just something to watch the big names get all the

attention, but last week the small caps got all the love. now to your top story, once again, it is boeing. shares likely to be under pressure again today they fell 7% on friday that was boeing's worst one-day drop since february of 2016 after it was revealed that officials in washington are intensifying their probe into the company's troubled 737 max as well as company management. cnbc phil lebeau joining us from chicago with more on this big story. snil. >> reporter: it's a big week for boeing, bigger than most because of everything that's going on. first off, the board is meeting today the second day of a two-day meeting in san antonio this was previously scheduled. this is not something they called because of the new questions that are out there, but it comes a couple of days before the company reports q3 earnings the numbers are not in focus it's what ceo dennis mullenburg will say during the annual conference call because the pressure in washington, d.c. continues to mount you talk about what happened on

friday there were documents that were leaked out from a congressional committee regarding a test pilot for boeing back in 2016, 2017 when they were developing the simulator control hardware, the faa as well as these congressional committees are seeking answers about what the max test pilot was talking about when he made comments about the fact that he, quote unquote, basically lied to regulators and then put in parentheses unknowingly. boeing releasing a statement yesterday as all of these questions continue to swirl. we understand the scrutiny this is receiving you take a look of shares at boeing, we did hear from the attorney for that test pilot on friday, he sent a statement to us here at cnbc basically saying, brian, these comments were taken out of context.

you can bet this will be the focus not only today but all this week. >> how is that taken out of context? he's a test pilot who has flown the plane. >> no, he was in simulator software for the simulator of the plane. you have to understand they're in the midst of developing it. now according to his attorney, while they are developing this, he made some comments to another co-worker and they the way he's couching this, this is in the process of them working on the software it was not a finalized version of this. it's them working on it. boeing said in their statement yesterday they would like to talk to the test pilot we know congressional investigators would like to talk to the test pilot. he was called before a grand jury that's been looking into this and i don't know this for a fact, but we know there are reports that he may have taken

the fifth amendment. so let's see what answers if any come out of the next week and a half. >> i don't want to put you on the spot, phil let's say they approve the plane at some point. okay it's safe to fly. >> right. >> these planes -- i would imagine there's all the software upgrades, whatever they have to do, b, there's just physical maintenance you have to do -- >> correct. >> you can't park a car for a year and then just start it up and drive to the grocery store. >> they go through maintenance everyday that's part of what you see the airlines as well as boeing doing. but to your point, you can't flip a switch and get these back into gear. it will take 30 to 45 days depending on where the plane is. they do have teams that boeing says will go out and put the software on the plane. that's probably the easiest part of getting these planes ready to fly again. you're right you have to do a lot of daily maintenance on these planes.

>> phil lebeau, thanks for joining us. >> you bet. boeing dragging the dow down on friday, having its worst day in nearly three years. does that mean you need to avoid most of the market because boeing is bringing the dow down? your next guest says no and in fact he has some companies that he knoowns that he likes a lot joining me is david katz you, david, good morning by the way. >> good morning. >> do not own boeing is it because of the 737 max or something else >> we haven't owned it because it's a great business but a high ip that hurt us for the last few years. if you have a 12 to 18 month time rise there's a good likelihood they will be higher >> when you look at a name like this, some people might suggest this is the perfect opportunity. it's a well-run company, 100-year-old company that has

some problems. they've got problems they switched out. they removed their chairman and made him ceo stocks put under pressure. but if you look, 10, 15 years out. these kinds of problems one would aslum not last forever. >> they won't last forever most investors don't have that ten-year time rise if you had that time rise -- >> sign of the times, dave. >> we think the stock will be higher but short-term a lot of negative news. you don't want to be around that volatility and negative news, we think you wait. >> you're not poking around boeing just yet. >> not yet, no. >> i want to move on to another topic as well. this is a major week for the pharmaceutical industry as well because we have a landmark trial involving the opioid crisis and in fact that trial gets under way today. efforts to strike a settlement broke down over the weekend f state and local governments

rejected a $4 billion offer. opening arguments are set to begin later this morning do you own any of those names or any names that sbrn caught up, sort of, david, in the headlines? >> we don't own any of those names that are the biggest players in it. we do own johnson & johnson. unlike a boeing, we think the stocks held off enough we would be adding right here. >> j&j is like a boxer getting hit with a jab and upper cut on the one hand you have the opioid stuff and on the other hand you have the talcum powder stuff. why are you able to look through that >> we think their liabilities are 8 to $14 billion it's a huge company, massive cash flow, selling at reasonable evaluation, so they are going to be muddled through these things. we think in certain cases they're close r to getting out

of the litigation. so that's one where we think the timing is good but you have to hold it. >> there's lawyers out there actively petitioning for clients. >> it's a cottage industry. >> that doesn't worry you? you're willing to look past it for now. >> it worries us we quantified what we think the ultimate cost will be. the stock and the company is much more powerful than that. one more over the weekend barons is saying that it is bullish on comcast. they stack up well against competitors as the broad band business barrons said should cord cutting customers accelerate they will win over customerings quickly as well. do you own comcast >> we do own comcost

>> we like barrons. >> you think cbs is a good play? >> cbs made some changes and the stock has just dirt cheap and comcast has done well, cbs has done so horribly, if you have an 18 month time rise, stock could be 50 to 75% higher because it's so cheap they will be a player eventually we think the combination is a good thing so we like that here as well. >> wow so comcast and cbs as well now, if it was an ugliest dog contest for the stock market it would have to be energy. these names have been left on the scrap heap as well but that has not alienated you from slb. >> maybe for some clients because the stocks have been miserable. we think the stocks -- it had a

bert than expected quarter friday we think the stock easily has 50 to 100% upside ultimately we do need drilling the supply/demand is getting back into place. we think this is a very come peling risk reward we like the new ceo. >> by the way the biggest competitor is publishing numbers. when youp look at slb, how many do you think the oil and gas sector's pain has been caused by artificial, they won't own fossil fuel companies. they have been selling, selling, selling, because they're no longer able to own fossil fuel companies. how much do you think has provided the medium term, ternl pressure on the names. >> we think the psychology is so low, and oil prices have given

back a lot lately. stocks have been miserable. >> good to hear that somebody does love the ugly dog as well david katz, thank you very much. always a pleasure. have a great week, david. meantime, companies have been tightening the pursestrings on i.t. spending this yeerp amid the overall slow down in the global economy however, despite concerns about any recessions and cutbacks in discretionary spending, corporate i.t. budgets are expected to rebound next year. joining us now with an exclusive look new global i.t. outlook is john lovelock. john, thanks very much for joining us right here on "worldwide exchange. first off, before we get a little micro, what's the macro headline or two from your report >> well, brian, thank you so much for having me on today. and great day from florida great conference coming up the overall i.t. spending, 0 .4%

growth, it's looking flat and looking like things are coming down, but partially that's the u.s. dollar causing problem. 2.3% growth in constant currency there's some growth around the world but the u.s. dollar rise is masking that. next year we get a bit more of a bounceback at the 3.6% range going forward. there's still some uncertainty causing people to keep their hands in their pockets, but mostly it's about where the changes in i.t. spending are happening that is really interesting in the forecast. >> enterprise software remaining hot. >> it's sort of at the center of one of the big dilemmas cios are asked. they're asked to shift the company to be a digital business so software is at 10.7% but cloud software is at 18. %

cloud i.t. services growth 26.3% growth so you can see we have the balance of the traditional business still deeming to be done companies getting on that new where is my techuilibrium point. >> so 10.9% jump in enterprise software enterprise software, john, is one of those terms we hear, sort of a macro thing, a major universe what inside of enterprise software looks the best. what kind of companies specifically are we talking about. >> it's really the core tractional software stuff, erp, crm, supply chain. everything to do with running the business regardless of what it is. within there, everything that is

about getting your business out of the four walls and moving more towards digital is getting hot. everything to do with the customer is blistering hot in this area. >> what looks blistering cold. what has been been frigid? >> well, everything that is frigid is stuff that is still around the license software market even though there's still some growth in there, the fact that we're now seeing a lot of new license renewed means that people will holding on to what they had but not investing in it new. more interestingly, we're also seeing these guys getting out of the building with the license software, going to co-locations, going to outsourcing, getting it into the cloud, doing lift and shift to get it out of their data center and run by cloud

vendors. >> john lovelock, we appreciate it good stuff there watch the enterprise we'll see you soon on cnbc >> thank you for having me within. coming up, if you have a big backyard and bigger imagination, our next story is for you. the new way to make money not by renting out your home by putting another property netflix is getting pirated by a app that has big time adverti r advertise advertisers. let me make a complete fool of myself other college football over the weekend tionships. when you use location technology, you can see where things happen, before they happen.

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. welcome back to "worldwide exchange." and good monday morning. and this, i think, is a really interesting real estate story because we're seeing a big boom in a little type of housing. no, not little homes

extra homes on your property diane joining us with more on the latest -- it's not airbnb, for sheds? throw grandma in the shed. >> they're not just the she/sheds or the he sheds or the granny pods. states and cities relax zoning laws, more homeowners with extra space are buildings these auxiliary dwelling units that's the official name, adu for family members that's huge growth for pre-fab they expect to expand that to 1,500 next year and possibly 3,000. as for pricing, most common product at prefab is 288 square foot home which goes for $105,000 installed >> inquiries are split probably 50/50 from people who are

looking to address housing for family members, whether it's adult children who are struggling to survive or it's a senior family member who is weighing this against the cost of doing assisted living and then we have other people who are looking for the rental income. >> rental income was the goal for lisa and chris they built this adu in the backyard of their washington, d.c. home. and are now renting it on a monthly basis. eventually they may live in the adu themselves and rent out the larger home for even more. >> we lived in it for ten months while we renovated our main house, and we loved it like i was kind of sad to move back in our main house, that's how much we loved it. >> so you feel like you could retire in that house >> definitely. zoning rules changed in portland oregon the number of permits jumped from 80 to 616.

in california a law forced cities to relax regulations adu permits jumped 30 fold brian? >> two things here, number one, did you just make up granny pods >> that'sa thing that's a total thing. >> you sure that's a thing >> i think it's a jane wells did a story out west a while. >> when i start my punk rock band it will be called granny pods you gave me my band name i have to imagine neighbors won't like this. some neighborhoods you can't change your mailbox without the homeowner's association getting worked up because you have the jerk down the street who gets bad about everything now you have someone living in a granny pod in your backyard? >> the zoning rules have changed because think about how lucrative property is becoming, how expensive homes are, how hard it is to find a home. then you see your property is becoming more and more valuable because you can use it as an income property, it is starting

to make sense in more communities. i talked to this couple about it and they said they hadn't seen any pushback in their community. it's a very nice d.c. area they said, in fact, people were interested to see it and perhaps copy >> all right well, we need to do a month-long piece, living in one of these things >> it was cute it was very cute did you see it it's adorable. >> food. i was eating raccoon for dinner. >> i like it >> thank you very much granny pods. let's find out what else besides granny pods you'll be talking about today. time for this morning's top trending stories i think rahel solomon, diana made that up. >> no, i think it's a thing. i think it would be more interesting to see you in a granmy pod because you're 6'8". >> i'm not 6'8". i'm not 6'8". >> you're up there. >> thank you. >> no granny pods but bootleg movies a number of websites depicting bootleg offers hbo and netflix and the ads that fund that site

come from names like pandora, hulu, tick tock and walgreen's and many of the companies pulled the ads after contacted by cnbc. and some said they had no clue the ads were there in the first place. have you heard of the blob >> the movie >> it's not an animal or plant or fungus. it has 727 sexes but not a brain, more than a billion years old. it's apparently slime mold in the paris zoological park put it on display for the whole world to see zoo goers will watch the blob move and expand the cross services at a rate of about 2 inches an hour quick little thing not really i'll show you an airline probably not the world's first non-stop flight from new york to sydney scientists monitored everyone on board to study how sleep and health could be impacted by a flight that long from cabin

lighting to the brain waves of the pilots were closely monitored. passengers and crew members have to keep sleep journals for the next two weeks to see how bad the jet lag is coming off the flight i was on from newark to singapore, that was 15 hours -- >> the direct in. >> from newark to singapore, exactly. >> it's longer than that. >> i had a flight in germany. >> a connect i did the newark to singapore. >> what was that like? >> 19 1/2 hours. >> what was that like? >> long. >> how is the jet lag. >> it's fine because i'm always jet lagged nobody is happier than our friend and colleague mandy drewry she doesn't have to stop over. comes visit from sydney it's a direct. >> they hope if all goes well maybe 2022, 2023 but then we'll see her all the time. >> you know what quantis stands for? >> no. >> it's an acronym. >> you are full of interesting

tidbits. >> i was an idiot over the weekend. >> why did you bet on the eagles? >> your eagles lost. >> cowboys dominating -- they didn't dominate. >> wow. >> that's a little strong. nfc matchup last night, first quarter 20 yard drive, tavon austin, cowboys bust out to a lead, expand and seal the deal winning 37-10. all right. another impressive win this weekend, my virginia tech hokies scored a win it was a six overtime game against unc in blacksburg. i lost my mind oh my goodness i don't know what to say i don't know what to say yeah >> i posted -- i was a little

bit out of my mind dad, you're scaring us six overtime game. the hokies pulled it out in six overtimes against unc. >> facebook making changes to keep its lira crypto turn currency alive we're back after this. do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life.

welcome back it's time now for your executive recap. all the headlines you need in about 60 seconds let's do it. softbank reportedly looking to become the majority owner of wework without taking its massive lease obligations on according to reuters says the move would be part of the $5 billion bail outpackage.

they are weighing a jp morgan debt package of a similar size according to reuters the executive leading the company's crypto initiative told a banking seminar that the initiative could cause crypto currency like the dollar to change instead of the synthetic one that initially proposed goldman sachs investment banker charged in an insider trading scheme brian cohen, vice president at the bank, accused of tipping off an unnamed trader to insider information about impending corporate deals. goldman spokeswoman says the firm is cooperating on the matter. you got nearly a quarter of the s&p 500 opening up their books and showing off their enine earnings this week we have the big wall, chad look at all the logos. >> absolutely. >> is there any you're watching more closely or any that are

perhaps a tell for the macro market to you? >> so, we would be watching the industrials. we're overeight the industrials by close to 1.5 times the s&p 500. we think that -- >> why >> based off of valuation, all you need is a mon couple of global growth to justify owning them now top line and bottom line expectations are quite low for not only 2019 but going into 2012. >> if the world is slowing down, the u.s. is sloeg down, then companies simply they slow down their kpapal spending and they buy fewer things. >> right you had that deceleration. we believe that will happen in 2020 that is our base case, but it's based off of valuation with that said, also consumer staple and health care, there are seems of opportunity there for the overall market if your outlook is not only 18 months out but 24 months out. >> is that the best-looking

group, the industrials >> the industrials are based off of valuation also even if you get just a modest trade deal, this thing the industrials can pop. >> health care we have seen this before we think that valuations are quite low. we would be underweighting financials we believe the curve will continue to be flat. therefore investors should look more the industrials, more that. well, i could toss it to "squawk box" now 30 seconds earlier or sit here and babble and eat those 30 seconds what should i do we have time for the rbi great. here we go i teased it so let's do it by the way, the most random but interesting thing is one of the

hottest markets in the world is greece that's right greece has been hopefully means red hot. the greece market up 40% this year the grek up 41% clawing its way back that's it for "worldwide exchange" this morning i'll see you tomorrow. the aforementioned "squawk box" begins right now ♪ good morning shares of boeing under pressure again. this morning, i saw close at 344. 348 or so. then down more than 9% since thursday on continuing negative headlines on the 737 investigation. big piece in the journal today. facebook is considering alternate approaches for its libra digital currency a project that jamie diamond says is a neat idea that will never happen. protesters in hong kong threw gasoline bombs and set up roadblocks we'll tell you how the continuing chaos is disrupting

global business on this monday, october 21st, already, 2019. "squawk box" begins right now. >> announcer: live from new york, where business never sleeps, this is "squawk box." good morning, everybody. welcome to "squawk box" here on cnbc we're live from the nasdaq market site in times square i'm becky quick along with joe kernen and andrew ross sorkin. look at the u.s. equity futures this hour. the nasdaq up by close to 25 and then the dow futures up by 63 on friday, you saw a big decline for the dow. that was almost entirely because of what happened with boeing's shares those losses that we saw on friday made the dow lose its gains for the month of october we'll talk about what happened on friday and what you can anticipate happening this week as well. overnight in asia,