it is 5:00 a triple digit gain both making strong cases for why they are right. another $2 trillion relief bill put on the table in d.c. and trump and biden square off in the first of three debates to night. is there anybody who hasn't already made up their mind on how they are going to vote >> breaking this morning, lvmh

making a new case to walk away of the $16 billion buyout of tiffani. >> the real morning grind. what krispy kreme, starbucks and more have in store for you that you'll need at 5:00. that and more here on "worldwide exchange" on cnbc. ♪ >> wherever in the world you would be watching. good morning or late night to tampa bay. some people may still be partying social distanced and spo responsible of course because tampa bay beat the dallas stars to win the series 4-2. the second cup raised in tampa

bay history. hopefully next year, fans will be there congrats to the nhl for just getting it done. >> here is how the money and the global markets are setting up for their tuesday. after the dow and s&p rallied into the close yesterday posting their best day in more than two weeks. for the month, a different story. the dow, s&p and russell are still on pace to snap five month win streaks. sectors to watch today, energy after logging a gain oil and gas stocks actually made a little money random but interesting materials also higher and best performing sectors eyeing in about 1% gain. this month, a 1% gain is pretty good we have to keep an eye on crude oil. actually down 5% the first down

since april. around the world, a mixed picture overnight in asia. europe just getting started with trades and top stories julianna tatelbaum typing away, hard at work showing that laptop no mercy maybe the tatelbaum index on the street of london on your coffee run. >> i am typing away. i wanted to get the latest check on sterling, it has been rising. brexit talks firmly in focus here as the uk and eu negotiators try to get a deal together positive rhetoric forming around those. looking at equities, we've got the markets in retreat the stoxx 600 rallied about

2.2% seeing some of those back. the dax also coming off this morning. we have bounced off the lows of the day, so the pace of selling has abated 134 what. banks are driving the losses but they did drive the gains some what a pull back in the banking sector utilities, the most resilient of the bunch. one stock in the luxury sector is lvmh. the saga continues with tiffany. tibi t continues to strengthen its case in a bid to walk away from the take over deal lvmh continues to have full confidence to close the acquisitions that have not been met. the arguments put forward where particularlyunfounded.

one to watch not going away anytime soon >> thank you very much >> resolving the issue in problems amid outlook. zoom and teams issue first confirmed by microsoft around 7:00 p.m. last night and it was addressed around midnight. if you had a problem, you weren't the only one elon musk to plan spacex starlink for several years

the delay is around public market, quote, public market does not like erratic cash flow, ha, ha, ha hold me to it. meantime, fiat will hold $9.5 million conducting a review of clients regulations. fiat chrysler did not admit or deny wrongdoing. stems from the skandal the company agreed in 2019 to a settlement around $80 million from the doj and produced false results on deeziesel emissions tests. >> and now to the house. the plan totals $2.2 trillion in

additional spending. we join tracie potts live with more good morning >> good morning. it sounds like a lot of money but it is a slimmed down plan for the democrats. they sliced a trillion out to try to work things out with the white house, which have been stalled for months now since july we do know that house speaker pelosi and mnuchin have been on the phone and they are supposed to talk again today. hoo err is what that could look like billions for staltes and local governments. sort of a bailout for airlines preventing any future furloughs through march. this includes money in your pocket another round of direct checks and unemployment as well extending $600 unemployment and paycheck protection program for small businesses that need those

loans. that's in this plan. is it still going to be enough the white house and democrats are still a trillion apart but they are moving towards some agreement and negotiation. nancy pelosi and mnuchin hopeful. all of this going into tonight's first debate president trump says he's looking forward to it. he's not doing a lot of hard debate prep because he faces the questions in the interviewing room giuliani is helping him out. joe biden going over the briefing books and twitter he's checking out the president's dwetweets as part o the debate prep. topics include coronavirus, the economy, the supreme court and race and a number of other

things brian. >> first off, tracie potts, you are clearly a person of great taste. somehow we perfectly coordinated our look we are wearing the same color. perfect, by the way. >> i see you >> not as a crack reporter but a person who lives in and around the d.c. area, what are people saying they are going to be watching for what are the insiders talking about? >> fire works. biden even expected he's expecting personal attacks from the president. the question is, are you going to be able to keep this debate to substance you've got these personalities we've seen him on the debate stage before you've got these outside things like the president taxes and supreme court nominee that is

part of the questioning. how much is the president going to push back he tends to push a lot is this going to be a debate full of fire works or are we going to come out with more information? i don't know >> we're going to need you tomorrow morning, so here is the another question, traci. do you just stay awake i know you get up reelgally eary maybe you just stay awake. tracie potts, thank you very much >> always a challenge early morning. >> it is not a nap going back to sleep and waking up people never think about the logistics of our job when you get up what we do, you got to figure out how to watch these things when we come back, to infinity and beyond a stellar day for shares of virgin galactic. flying flew the woods.

quietly. the big move polaris announced that may get investors charged up >> and later on. the mad scientists are add it again. see what their cool and creepy robot dog is doing dow futures are up three we'll be back after this

organic food, space travel and more shares of united natural foods down the company is losing its ceo who is retiring next july when his contract expires virgin galactic is up. uncovering the space tourism company. bringing them eight buy rating, zero holds or sells and polaris citing a deal to develop and sell off-road vehicles and snow mobils selling an all electric version of many key categories by the end of 2025 with the first product coming by the end of 2021

and scott wine on mad money talking about the electrifi electrification. >> and serious allegations of nikola founder coming to light, next >> announcer: today's big number $11 trillion that's the market potential of the hydrogen economy threw 2050 according to bank of america improving economics anglald ob foe can us could push the mainstream energy use.

welcome or welcome back. stock futures not giving us a lot of indication. the dow finishing up a couple hundred points futures, let's do this, call them flat. some stocks on the move right now. we'll talk a look at some of the dow laggards merck, the biggest down .3 we are back after this

do you think the market is overvalued but you can't bring yourself to sell we'll show what you the bulls and bears think. trump and biden will square off but is there anything either can say to move the markets. and the rise of the machines hide under your sheets because robot dogs are taking over tuesday, september 29. we are all terrified you are watching "worldwide exchange" here on cnbc

♪ atomic dog ♪ >> i see eric and evan, i see what you did there in the control room with the music and the robot dog. welcome back we'll have more of that cool and obviously a little terrifying video of that robot dog. your rbi we have a big half hour ahead as you look at your markets now. on the markets dow futures are rounded out. we'll call them flat the markets as they place the best 10 days the dow and russell 2000 on pace

for the five month winning streak energy, 2% gain for the energy sector yesterday as well first down month since april that highly volatile start to the year starting with more about everything going on. stimulus and debates with our guest, profishent wealth advisors and on the african-american well advisors my gosh, so much going on in the world right now. i'm not sure how anybody stays focused. what are you focused on and what

are clients most concerned about? >> keeping client's expectations realistic. mostly clients are concerned about the state of the economy concerned about covid and that they'll be able to sustain their value going forward. >> what is a realistic expectation of client rurnts in this environment >> a lot has to do with the client makeup. volatility is to be expected we are shooting at best 7% to 8% annualized that comes with a lot along the way. >> 7% to 8% is historically good

given the run we've had the last seven or eight years >> is there any value to be had. is there an alternative? >> i'm a big fan of two sectors one of those that has done well year to date, technology being one of them. the other is health care we have an election coming up. that creates volatile ilt in the health care space. the tech portfolio has zo done surprisingly well and exceeded expectations i do feel those are realistic. >> request you continue with all the nervousness around those and apple being worth $2 trillion

and et cetera. if you look pre-covid-19, these were probably not a concern. there are certain organizations that have done surprisingly well and have been able to navigate in this remote world i feel like the performance colonelly can continue as we transition through the election. >> gerald, a pleasure to have you on staying long and strong with tech see you soon have a great day >> you're welcome. to the latest of the growing scandal surrounding nikola scandal. confirming two women have come forward with sexual assault allegations against milton this after he resigned as ceo saying they made false statements in order to attract

investors and win deals with automakers that report led to an inquiry. first allegation came from milton's cousin who filed an assault report in utah claiming the former ceo groped her at a family wedding in 1989 the second alleged assault comes from an event involving a minor in 2004, that complaint filed on friday in st. george, utah milton strongly denied what he said were false allegations and declined to address specific details. shares of nikola down about 3% remember, general motors took a $2 billion stake in nikola gm declined to say whether the company was aware of any allegations of fraud or sexual

abuse regarding milton the full story on cnbc.com the sec has charged former amazon finance manager with insider trading. claiming the man who worked in the tax department h-- the saidf her husband who would trade the stock with his father. >> jp mrg an chase said the consumer unit will remain remote working until 2021 they took some heat for ordering senior traders to return to their offices. to other headlines, philip mena now with more >> good morning. with err getting a look at the body cam footage that reveals

the tense moments leading to the address of president trump's former campaign manager. his wife called reporting potential suicide plans. parscale is now hospitalized we have breaking news in the briona taylor case an anonymous member of the jury has filed for a motion accusing the attorney general using the jury as a shield kentucky attorney general responded to this overnight saying he does not have concerns about jurors sharing their thoughts because he's confident in the case presented and will comply on wednesday with an

order to release grand jury recordings but this could compromise the ongoing federal investigation. new york city in-person learning supposed to start this morning. middle and high schools to bring back in-person learning on thursday after an intense final, the stanley cup is heading back to tampa. lightening shut off the stars 2-0 to take the series and title in six cams all without their cap p captain on the ice and hockey is done nourks brian but we have baseball playoffs starting and the nba finals starting tomorrow. week four of the nfl an embarrassment of sporting riches >> we had nothing for months and now everything coming at us a the the same time.

>> all at once. >> let's go back to bed. >> thank you, buddy. appreciate it. to the latest in the effort to get more relief to americans. house speaker unveiling a $2 trillion aid deal after talks stalled two months ago we have more on where we stand where do we stand? >> think of this as a last ditch effort from both sides to revive the talk brz lawmakers go on recess at the end of the week. the democrat's new offer is $2.2 trillion down slightly from the $2.4 but still way higher than the white house is willing to go. one of the key sticking points still state and local aid. democrats have put $436 billion.

the white house says $150 billion. also including $35 billion for airlines designated funding for the ppp $1,200 in direct checks and $60 enhanced unemployment that will last through january releasing in minutes before they spoke on the phone last night. i'm told if the pros keekt looks dim, they are set to vote on it even though they know it will be doa in the senate. >> they want to get the vote in. it might go through. you want the optics. you want to be, we are the party that says, we are trying to give

more aid to you struggling american worker. it is good optics. >> absolutely. there are moderate members who have been calling for the house to at least take a vote, if not, stay in session until a deal is reached this will give them some political cover also showing that democrats have been willing to come down this is meat on the bones. the question still remains, does that end up with more money in people's pockets at the end of the day. still looking unlikely, we'll see how the discussions go today. >> we certainly will, market implications have a great day talk to you soon let's get more reaction to that and the state of the 2020 race as trump and joe biden prepare to face off in the first of

three debates. investors will also be keeping close tab on what the two men have to say. for more, we are joined by investor chief, somebody doing this as long as i have you do these cool surveys about our anxiety levels we are often told we are jumpy and neurotick. >> we've been surveying our readers about 500,000 people since the pandemic began in march. their anxiety level has been growing in the last four to six weeks, mostly about the election used to be covid, now they are squarely focused on the election and the outcome. it doesn't really matter who is president, it matters the makeup of congress and the cabinet if

they can get anything done older investors have been moving their money and taking profits off the table. they are concerned about what will happen to the stock market and the economy ta takes a seller anda it take a buyer. as much as it spiked, it was higher when we had that huge trade war. for the long term, tensions are worse than the pandemic which everybody knows and assumes will at some point come to an and >> that's what they are doing.

they will discounteventually they were right, volatility came back after a long summer break screaming. it did and it corrected. feeling very personal about personal economies about their homes. about bankruptcies they are a little more bullish on it. >> you don't want to come on and seem like they are tooting the show's horn a bit. i went into the weeds about how options work and why single

stock options created so much volatility sounds like your readers were interested in those obscure options. >> gamma was one of the top searched terms they knew there was a lot of options activity they know how the options market works and how to participate in it they knew how some of those would participate as well. especially under the tech sector which did drive the volatility they were also concerned about markets overheating and bankruptcies, foreclose and the mix and learning to understand the tightening anxiety of what is happening in the personal

economy. >> you can place a big bet about not a lot of money you don't need to lay $100 down. you've got $100 worth of exposure it works really well the other thing can you do is track those. the top of the list is not surprising except for at&t a little surprised to see at&t on that list. >> that shows you the age of range of our leaders some are dividend payers you can see them holding on. we've been tracking since march

they have been baring bhak it's weird to see some of those old school names and new school names. there are very obscure names that have done poorly since the beginning of this pandemic. >> it has. editor and chief we are nervous, a little afraid but the younger investors are plowing the way forward. great to see you again peter says hello, by the way >> hello thanks for having me >> caleb silver and i won a basketball league at new york urban professionals. what was your team, the barneys because we have purple shirts. i was terrible you were really good >> still recovering years later. >> we won our division great to have you on, buddy. appreciate it. random but interesting

i got no game. coming up, fire up the espresso machine and grab a mug why we are celebrating all things coffee today. other top stories. lvmh has filed a counter suit against tiffany around the proposed deal. the suit says lvmh continues to have full confidence in its position to close the acquisition have not been met. walmart in talks with an india group over the super app that could be launched as a joint venture between tata's e commerce >> and mcafee looking to make a return to the market did not disclose the size of any

potential offering looking to list shares on the nasdaq dow futures down fractionally. we are back after this mass pa

time for your morning rbi. we continue with the debate from over the weekend y you have many coming out saying work from home is here forever

i posted this hot take in two to three years, work from home could be smaller than pre-covid-19 we'll be so kooped up and want to get out human interaction will be more, not less important, especially for younger workers trying to move up the latter you need personal interaction. as spus inspected, most of you disagreed. quite a bit also agreed. i made a poll asking for those who can work remotely, what percent will be back in the office two to three years. winner is half to three quarters will be back in the office 21% said basically everyone who was in the office before will go

back i guess we'll see you back in the office at some point random but interesting >> on deck stocks remaining in jeopardy lindsay bell breaking down why she says it is worth sticking it out. delivering alpha is back for its 10th year tomorrow back with us secretary mnuchin public investment fund worker from saudi arabia and a bunch of other big names. i'll be hosting a panel as well. featuring an awesome lineup. milwaukee buck owner, starwood capital owner and we have a lot to dive into at 10:30 a.m. eastern tomorrow you want to check it out virtually. you can do it. go to delivering alpha.com learn more to register i promise you that panel will be the best of the y.da

i can't promise that but i'm saying that. we are back after this

a new mail shopping service and getting ready for a caffeine rush and more of the terrifying robot dog story. >> those dogs are pretty wild. i guess, if you have allergies, you don't have to worry about them social media is a buzz over this video of the boston dynamics ou for a stroll spot was out for a mobility test the video sparking so much reaction the person who posted it had to

delete it, they had to delete their account over the am of traffic. amazon launching personal shopping service for men the service originally aimed at women costs about $4.99 a month and is a direct competitor to stitch fix a stylist chooses a range of items that match your style and fit. the customer ships back whatever they don't want to keep. >> and it is national coffee day. the deals are coming in fast and hot. starbucks with the star land video came is giving away prizes like free coffee and stars they have any sized coffee $1. dunkin is offering a free medium

or hot coffee with any purchase. kristi cream gets free coffee and wendy's is giving away free hot coffee with the purchase of a breakfast sandwich i hope you took notes there. i'm sure you pass all of them on your way home. >> hold your cup up. i'm on like my 15th cup this morning. th . >> this morning, i actually have water. >> i look forward to seeing you. here is my beef with the dog put a head on it my problem is that it looks like a giant cockroach or something like a weapon. >> the thing that would worry me

is how other dogs would react to it that to me is the bigger concern. i guess whaur real i will asking is it liquid prove >> maybe maybe. >> it would be very disappointing for a dog who comes up to it and wants to sniff. my dog would lay down because it is the biggest coward in the world. put a friendly looking stuffed animal head on it to make it seem lesterifying and world dominating thank you. >> from robot dogs to vesting in what makes all of that work. down 8%. do you sell? you probably still made money or

use this weakness to add more? i don't know chief strategist and cnbc contributor. good to see you. i won't rope you into the robot dog debate but technology is front and center what are you advising them to do with big tech? almost 13% decline for september. can be scarey for retail investors this is an impact when we saw the s&p 500 decline. >> it was an opportunity i think

it remains an opportunity work from home is more than expected. that use has picked up and likely will be a trend here to stay this is incredible if you vested $100 in apple when they went public in 1980 that would be worth $100,000 today but you had to endure 23 separate 20% or more drops that's the kind of strong stockage, i think you are talking about. >> yes exactly. look at apple in the month of september. we did see a pull back all the way down to 20% decline here

as of yesterday's close, it was only down about 13% from the most recent high there it pays to be patient in some of these names. tech sector is generally more volatile you have to know that going into this the rewards can be learn. have that in the back of your head when you are vesting in technology >> we have other things we need in the back or front of our head election concerns china tensions that appears to be ratcheting up and longer term, we'll have the highest debt to gdp ratio. higher than in world war two a more long-term story

what is top of mind on the list for you? >> that's a great laundry list all of these have been lingering for several months now in september, they came to the forefront. that reality set in for a lot of investors. the election is the biggest concern, of course, tonight, we have the debate. volatility is expected to increase something we'll keep our eyes on. watch will be driving the debate as well as this weekly debate. not going to be smooth sailing

but it doesn't mean you shouldn't be vested. >> is there one recent vesting idea you are excited about outside of big tech? >> i also think you need to take a barbell approach it doesn't feel like we are going backwards, the sectors like industrial and discretionary names could be beneficial going forward especially getting past the election with a little more clarity on a vaccine, potentially a stimulus and all these good things to come. >> good things to come we will get out of this in time. lindsay bell great to have you on saying stay strong have a great day, thank you. a big day here today and

tomorrow debates tonight in the follow up launching more tomorrow. it is busy ua afutures are up sqwknd the gang picking up the coverage next. take care.

good morning, stocks are flat getting you ready for the trading day ahead. house democrats unveil a new $2 trillion stimulus. tomorrow's deadline to avoid airline layoffs looms large. and david tepper returning to new jersey after his departure five years ago left a $150

million hole in the state's finances tuesday, september 29, 2020. does he know about the new millionaire traction "squawk box" begins right now. >> good morning. welcome to "squawk box" on cnbc. we are going to start with the markets and the 410 point gain boeing was the single biggest contributor. the sensitive banking and energy sectors were also big winners. jp morgan, goldman so much up 2% al