it is 5:00 a.m. here here is your top five at 5:00. a pledthera of big names reporting. another twist in the wework saga as softbank looks to take over the company. boris johnson trying to get a deal and what mark zuckerberg says the company is doing now to try to fight false information ahead

of 2020. feeling the squeeze, the energy sector under continued pressure as debt continues to pile up and drillers are taking new steps to drum up desperately needed cash. we'll tell you what they are doing as "worldwide exchange" begins right now >> good morning, good afternoon, good evening welcome to wherever you may be watching let's look at the futures. they are slightly lower on this tuesday. earnings are ramping up every single day every day but maybe friday is a huge day you've got a number of dow components out procter & gamble, mcdonalds, bioagain, novartis, lockheed

out. down on 11 i'm not saying ignore it but it could change as the hours roll on the 10-year is keeping calm. at 1.78% right now keep in mind, we started the year nearly a full percent higher let's go around the world. markets there finished higher. partly because of improving sentiment on those trade talks you saw the chinese markets here finish higher in japan continues to inch its way up europe, a little bit different story. up or down, no big moves in either direction there is your set up but things could change on a dime or a headline russia earnings were rolling on today. mcdonalds, p&g, travelers, ups, chipotle issuing new numbers

not what we can expect from the numbers but the guidance i know these weeks are busy for you and your team. not about what they've done. their guidance, what are you and your team inspecting to hear from corporate america >> brian, expectations from this earnings season are not great. you look at facts and estimates are expected to be down in growth for the third quarter in a row. it has been several years since we've seen that. looking at farther, the fourth quarter is expected to be a little better. many analysts are expecting we might see an acceleration of earnings growth. right now, expectations aren't great. i wish i had better news to

report to you, brian >> is that a good thing for the markets? their job is toen t anticipate t will happen. if your kid says, dad, i think i'm getting a c plus in a class and comes home with a b minus, that feels good. >> i don't know, i might have felt about about a b minus in some classes >> you are right that's why i continue to like stocks here. they are not real expensive right now. we do see an acceleration into earnings growth. that will continue this long bull market. >> you do. i think we will see a reacceleration in earnings

growth, the fed has continued to say they'll see the recession. i tend to take the fed at their word i don't think we'll see one next year >> you've been recommending overwinning. that group was one of the best 11 sectors last week despite the fact that some of the big bank earnings weren't spectacular, you remain optimistic on that group. >> i do. kind of all we talked about for earnings on the market as a whole. expectations weren't that great. the earnings came in not so great but not terrible either. that is kind of driven the group forward. >> what looks weak to you? >> right when i look at sectors, for those that i like, banks, i like

to see visible earnings growth for sectors i'm not crazy about, it would be the flip side of things i'm not really crazy about health care, or consumer discretionary. >> last night, the banks and patriots are the jets. rob morgan thank you. >> good analogy. 33-0, by the way we'll see you soon thank you very much. another major story this year is wework could soon be under new management as the largest investor seeks to take control over the company we call this the story that keeps on giving. >> sources tell us that softbank is in advanced talks to take over wework.

the japanese company that reportedly plans to spend $4 to $5 in new funding. offering to buy up to $3 billion in existing shares today, we value wework about $8 billion. softbank looking to take over the vision fund. sources say the proposal would lead cofounder adam neumann with less than 10% stake. reporting that the deal would pay him about $200 million not including any shares he may sell to softbank. the board is expected to meet again today to discuss whether to go with this officer or with the rescue package

they face a major cash crunch if it doesn't secure new funding. >> i want to be clear, i think the one that may get the most attention is that one in the middle there adam neumann may get $200 million to lead but still maintain a stake i think they call that failing upwards. >> fought for hinot for him. he founded the company and now he's on his way out. >> when we come back, the clock is ticking boris johnson has just over a week to get brexit in place. can he finally get it done we'll go live to london. one of your stocks to watch, ubs. the damage the swiss bank says the low interest rates are causing. >> and we get ready for the world series

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>> welcome back. a live look at parliament. the river looking so calm and

peaceful not going to say chaos but certainly contention now just 10 days until the uk leaves the european union. let's see if boris johnson is making any head way. steve is in the middle of it all. lay it out he's trying to jam this through. what does his day look like? what does he have to accomplish? >> it is 110 pages of the withdraw bill plus 125 pages that they got thrust upon them as well. around 2:00 eastern time they'll have this vote on the second agreement that happens

about 7:00 p.m they'll ask him to vote on something else they'll have to vote on a program motion getting them to get this done. 12 hours tomorrow and another six on thursday. they could sit all weekend it is an exercise in speed reading and a lot i've been speaking to are up in arms the key they've been looking at. if he doesn't get it through, he may pull the whole thing and try to force the whole environment. >> everybody has known for

years, the deadline. i guess it is speed reading and speed understanding. i know it has been published what are the one or two primary problems with the draft? is it still northern ireland >> trying to get attached to the bill in the whole country. they want a second referendum. they are saying we'll back your bill if you give us a second referendum the third thing they don't like is that they are aware of this

term there is something in this 14 months of negotiations in the trade deal as they finish on october 31st that talk can happen during a period of upwards of 2020. the parliament can call off the talks and go back on wto terms and fall out without a trade agreement. they want that one nailed down as well. there are the three key areas they'll try to probe and push back over the next 36 to 48 hours. so brexit is october 31st. you are telling us, even if it happens, next year, we could have some kind of semi -- it is like the donton abby's final

season it should never have happened. >> i've got books and books of these. >> is that your journal. >> yes those are my notes i've got really bad news sit down it doesn't end on october 31st we'll be out of the eu but the negotiations about future relationships. how are we going to trade, all of the future trading. the one with the eu, that takes a bit further negotiations we are on very tight time line until now, we have until december 2020, even if everything is ride to get a trade deal with the europeans. if we don't, we could still fall out and again have a hard brexit that delines the hard wing but leaves those who a, wanted to

remain, b, wanted to wait for the single market agreement. >> this goes on forever. jo nobody lays it out better than you >> still on deck, call it shipping synergy stamps.com has locked up better access the big name they are partnering up with next with esri location technology,

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prevagen. healthier brain. better life. >> gooing much we have so many earnings out before the bell. mcdonalds, p&g and travelers those futures could certainly move as those numbers start to roll out commodities, oil continuing its slow slide down again. we are at 53.5 coming up, we'll highlight one new and maybe potentially dangerous way heavy drillers are trying to raise cash as their stocks try to raise billions ahead. >> outside of that, banks, trading and stamps, topping your stocks to watch. ubs, third quarter profit drop

results still beat forecast. lower rates will hurt net interest income. trade tensions and political issues will impact those results a little better. next up, td ameritrade said profits are up ending before the on line broker ended before slashing those to zero it adjusts to losing $220 million in revenue from that change again, not about the numbers but the numbers against expectations finally, let's call this the stock story that will be tough to lick today. shares of stamps.com are soaring. landing a deal with ups giving users of in home printing services discount shipping with ups. started out the year in a nose

dive after they declined to extend a partnership with the u.s. postal service. stamps.com, stmp, up 30% in the pre-market now coming up, facebook unveilin new steps from keeping outside actors from interfering in our election more about the progress already being made that is xtne up on "worldwide exchange." stick around man: can i find an investment firm that has a truly long-term view?

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welcome back facebook has unveiled new ways it plans to combat interference. tracie potts joining us from washington the company says it already stopped some attempts to try to impact our elections >> reporter: that's right. russia and iran both tried to interfere. china as well. now, facebook has come up with a new plan to try to stop that it begins with making these websites run by state media more transparent and making it clear when state media like countries like iran and russia are behind some of these. they will label the news coming from state media they want to do more fact checking labels on the material

you see. all of this started with the 2016 election. they tried to be on top of the upcoming election. facebook's ceo telling nbc, they have uncovered full networks of facebook and instagram accounts coordinating also using ai to detect these attempted influencing users for the next election. >> that is on a macrolevel is facebook doing about candidate political ads? >> those are ads initiated here in the united states good question. facebook says it will make it easier to track those ads. you can see where that ad is

really coming from coming from the candidate, a pack or organization taking down ads, they've been slow to do that and received some criticism for that. >> tracie potts, thank you very much coming up, grab another cup of coffee and get ready earnings are set to get fast and furious. burgers, burritos, swipers and more what numbers you need to pay attention to whether your beauty routine is 3 steps...

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. >> a sign of guidance. results wrapping up. why your next guest says a miss could deliver a blow to your money and the steps oil and gas are taking to clean up their balance sheets breaking down what they are doing the most 115th world series sets off. the yankees aren't in it the title drought that creates a big spending money it is just facts tuesday, october 22. you are watching "worldwide exchange" here on cnbc

>> an appropriate song for rbi coming up. yankee fans will probably hate us for it. buts that okay thank you for being here with us earnings are ramping up those numbers are out but include insurance and travelers. that's not all bio jet, novartis, lockheed and harley david son numbers coming out. dow up 8 points right now. the market has to wait for the numbers. we began this year with the 10-year. nearly a full percent higher

bonds not moving a whole lot let's move on and check the asian markets here in japan. 5% over the past 90 days early trading kind of mixed. waiting on brexit and our earnings, those markets are not noted. >> you may have noticed that's a big part of the story. a quarter of the s&p 500 reporting their results this week waiting for those names on the board. tesla, caterpillar, thursday, visa, amazon, friday, verizon, barclays, 66 what happens if those numbers don't come in like we expected >> joining us now, our guest

kenny, not about the numbers it is about the guidance any company or companies you'll be looking to? >> you said it, a lot of big numbers. any of these coming. up until now we've had great numbers. if you start to get these numbers better than expected we talked about it earlier in the show, using the analogy as this saying, dad, the kid says i'm coming home with a c plus and they come home with a b minus, it is better than expected.

as you've said, there is a lot of earnings coming out retail, consumer, energy these numbers will start to set the tone or whether or not we see that pull back >> we have great people pulling that coverage. is it really right now all about boeing or apple. because boeing appears to be in a bit of a crisis if it ever

flies again. if you want to be in this space, boeing is a very good company. >> this is the part of the show where our viewers say, brian, nobody looks at the dow. it gets headlines. it's the general number we all know boeing, it is a price weighted index. rated at $306 is the most important stock in the dow from a technical point of view. >> that's right. the dow was down because of boeing >> do we ignore the dow because of boeing? >> no. you only ignore the dow in this moment because of boeing you look at the broader market in this case, the s&p represents the broader market you have to be careful certainly it is. it is historical and all that.

in this event, you should be looking at the broader market. the dow will be weak if boeing continues to get slammed >> the biggest stock is down 13% this quarter really appreciate it thank you. >> the drama and maybe desperation of oil and gas ramping up again now turning to a new option to raise cash so-called shale bonds. turning over the issue to bonds based on the outcome of those wells. kind of like turning over your car to someone who does uber and issuing debt from it turning around potential bank rup tys next year.

tell us what exactly they are beginning to do. >> the thirst for capital is immention. you can't issue equities so you issue debt is it a sign of desperation or no other option to issue debt at a higher interest rate i think it is a better option i think their equities reflect

that there is not a lot of love on wall street right now. the companies and the oasises. they've all got debt next year around 20 to 21. double d minus credit rating will they be able to refinance that debt? >> i think they will the question is what kind of price are they going to pay? there is always the market the market might not always be the friendliest. it minus be a viable option. >> these companies refinance in 2016 that took it off the headlines is coming due. >> absolutely correct. transferring several ownership,

companies will lose physical control of their assets. are they not >> they really lost physical control when they sell back the bond they have lost those reserves. generally retaining part of those you've lost control of that when you put it in that structure. >> for those viewers there thinking about getting into this market they say it is private. i would think you ought to be

able to attain yields in the six to eight percent range if done appropriately. >> a big story we appreciate you joining us live >> to harrison's point why can't some of these issue regular debt investors have left them look at the returns over the past year the big eight are down 13% on average. that looks relatively good the average return of the stop in texas, is a decline of 55%. even worse in north dakota the companies have seen their

stocks fall 68% in a year. two of them have seen their stocks fall more than 80%. it has been a very rough run on deck, do you tip your uber driver a surprising new stat on what riders pay or don't pay. your rbi, a baseball stat that will open your eyes and probably make yankee's fans see red coming up. so servicenow put your workflows in the cloud, huh?

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only 1% always tip nearly 60% said they never did the average tip is 50 cents. men are more likely to tip than women. but women drivers get tipped more than men. collectively, they make millions >> i'll tell you why i tip number one, they are hustling out there. support them if you are going to give someone $1 for making your coffee, you tip somebody who gets safely to where you are going. and three, you want to keep that rider rating up. >> what is your rating >> i think like 4.9. >> i don't like always or never. you tip based on the experience. a great driver, sure

>> warrant to protect your computer the most dangerous celebrities to search. rounding out the list generates the riskiest results and could expose users to malicious. >> i didn't know alexis bledel is >> gilmore girls >> not my show just throwing it out there >> i thought we had something here apparently we don't. how much do you normally spend on holiday shopping? >> shoppers are expected to spend nearly $1,500. the bulk of that goes on holiday

experiences and dining out an interesting tid bit top spenders are account for the top 60% of spenders. >> the guy on your street that guys the car with the bow. i see the commercials and i wonder who is that daddy, we love you today what have you done for us tomorrow >> you can dream >> thank you always tip your uber or lyft driver >> the world series kicks off tonight. astros making their first world series appearance. they made it to years ago when they were t th they were the senators the nba season opens up.

bringing in sports business director and business contributor. why is the nba starting their season on game one of the world series that seems not smart >> the probably asked the question in reverse. i expect the rate gz for the world series to be higher, this will be so hype. i feel badly for fox if you had a yankees/dodgers series, you would see higher rating this year, you'll see an average of 12 to 14 million. >> they were probably hoping for

l.a. and new york. arguably the best multipitcher matchup. going back to the braves, it will be a great series you don't know if it will reflect that well in the numbers? >> six of the 20 pitchers were among the top eras, it is an historic matchup even tonight. houston was just in the world series more of a regional team still a relatively new brand compared to these legacy brands. >> i've got lots of friends in both houston and dc. no way am i touching

i just think astros in six. >> i do. >> basketball, a lot of people making big moves kevin durant now in brooklyn westbrook has moved. >> very compelling one thing we've had is the warriors making the nba finals five years in a row. a four-year stretch where it was warriors versus cavaliers. now we have more uncertainty and excitement where you have players who have switched teams. you've got kawhi in los angeles, anthony davis joining lebron james and the lakers i feel a little badly tonight for tnt.

deci zion williamson will now be out six to eight weeks >> that will be tough. it is a shame. he's such an amazing player. i'm going to call it rockets beat the bucks in six games to win their first nba title in about 20 years. what say you >> i agree with you on the bucks not on the rocked lakers to win conference >> you think the lakers are there? having new people doesn't always mean a good chemistry. >> i do think davis and he will work well together i think they've added enough shooting we'll see what happens it will be a great season. >> where did you go undergraduate? >> charlotte >> whoever makes it further, you

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>> 5:53, time for your recap fidelity ending the relationship with fisher investments. the fifth company to break ties.

1.8 billion so far turning the company into a giant utility. trying to get others to back his plans. pg&e planning to cut power to keep equipment from sparking wild fire. exxon going on trial today >> fast food on the minds of investors. two titans report. mcdonalds and chipotle up 95%. mcdonalds lagging a bit. what is the better play as we await these numbers? barclay's analyst.

expecting a lot from chipotle with stock that has doubled will we get it? >> good morning. we expect strong results out of chipotle they are industry leading. they've got a lot rebounding >> listen, chipotle had a major health scare what have they done right?

they do a lot of different things now digital offerings, delivery making a variety of changes on the brand >> it appears that the hype around all-day break fast in the company. the key figures our viewers need to watchclosely. they are rolling out deliver and

kiosks they are working on a variety of initiatives. >> and an overweight on mcdonalds. what other names in the fast food, fast casual space are the most interesting to you right now? >> one competitor is restaurant brands they own burger king, popeyes, tim hortons. we think that is attractive. if you believe the macroenvironment and consumer environment is going to flow, qsr is where we prefer to be wendys has been performing well. they have a break fast launch and international launch

>> wendys up 38% year to date. they have tried breakfast before and fallen short but they are going international. it is a very strong space they don't participate in strong possibility >> thank you for joining us. appreciate it. >> time for your morning rbi with the world series beginning tonight. so much media attention here still groaning with the yankees. they don't come cheap. the payroll $205 million make an average of $6.4 million.

the team with the lowest payroll in the raise of $53 million. seven fewer games than the yankees. that is $21 million per win. if that wasn't enough the new york yankees have spent many money can't buy happiness or titles either. wework is close to accepting a rescue package the deal close to keep them running. current valuation staggering hundreds of thousands of californians are bracing for another round of blackouts close to preemptive wild fire over the next decade get ready for corporate report

cards. calling this the biggest opening day tuesday, october 22. we begin right now >> welcome back, you are watching "squawk box" live from marketsite in times square >> good morning. welcome to "squawk box" on kansas i'm becky quick. let's look at u.s. equities higher the dow was up about