senate, mitch mcconnell, says senators will vote on the top republicans in the senate, mitch mcconnell, says senators will vote on a stripped-down support bill, but he needs support from the democrats. they have already signaled it's not near enough. now you know the news. for this hour, i'm shepard smith. see you back here tomorrow. it is a:005. and could a bonanza of bank earnings move the needle today and speaking of, shares of big banks, a big disappointment for e investors. is that all about to change? apple making a move and one analyst says that it could spark a mass up grade cycle. it is prime day, day two but speed may not be on amazon's side this time around.

we'll find out why and consider your free trial expired. at netflix rolls out a new membership playbook on this wednesday, october 14th. and this is "worldwide exchange." just remember it is not the eagles, it is just eagles. random but interesting good morning and welcome from wherever in the world you may be watching good to be back with you on this wednesday morning. here is your wednesday set up futures are up higher. the big options represented stock moves the sgam ma, a pret

october. russell 2000 up nearly 9%, the nasdaq up nearly 6%. and your headlines will be a bonanza of bank earnings bank of america, wells fargo, pnc and u.s. bancorp all out today. but these stocks largely cannot get out of their own way and bank stocks again getting it on yesterday many falling more. and outside of that, here is a little wednesday mystery chart for you. can you name the best performing s&p 500 stock this month can you? well, the answer is coming up a bit later on in the show sorry, it is calmled tease. let's go around the world. a mostly down night in asia with the nikkei, the lone major outperformer and a generally mixed open in europe as they get

their day started. let us send it out to steve sedgwick with the trade and the top stories. good to see you. >> absolute pressure to hear from you and see you you look fine. and the european markets, they are doing a lot better than we expected especially when we had your soggy legacy from yesterday. we actually were expecting to come out of the gates very, very flat but actually what we've done by and large is find a rally in these markets. the ftse trying to struggle around 6,000, but sectors, this is interesting because tu.s. financials not impressed, but a positive legacy on the banks despite what we saw state side travel and leisure cannot catch a break at the moment. down 0.4%. real concern good what we heard

from eli lilly, jon and th john& johnson and eli lilly. and home deliveries and home food deliver what do you think the ordereds are up germans are eating 47% more from this company the brits up 43%. and one more story, pearson, they concentrate on home learning so should be in a sweet spot and in many ways they were revenues year to day up 40%. the broader figures were still under pressure, but the switch to online learning really fell into something that they are trying to do especially with the north american course work sully, back to you >> i love that name, steve i mean they are not playing

games. just eat takeaway. that is what they do deliveries up huge in germany apparently thank you very much. back home, more headwinds for a potential virus treatment as yet another drug maker pauses its human trial. seema mody is here with that and more of your top headlines on this wednesday >> that's right, more concerns around the time line for a treatment and vaccine. we'll start with eli lilly, its late stage trial for the coronavirus has been paused by u.s. health regulators over potential safety issues. no details are available yet this news is less than 24 hours after johnson & johnson confirmed it is halting their trial after one person reported an adverse event and according can to reuters,

they found serious quality of control problems serious enough that according to this report, it could jeopardize the company's request for an emergency use authorization for its covid-19 drugs eli lilly did not disclose the fda inspections in the s.e.c. filing and in washington, mitch mcconnell says that his first order of business when the senate reconvenes october 19 is to vote on a targeted economic relief package worth about $500 billion. far short of the house's $2.2 trillion plan and the white house has rejected $1.8 trillion rescue package it focuses on new funding for ppp but likely dead on rifarriv in the house and pilgrim's pride says it has agreed to a deal over price fixing allegations saying that it will pay a fine of $110.5 million. the guilty plea by the second largest chicken processor makes pilgrim's the first company to

admit in court what prosecutors have been alleging for year, that coordinated evideffort by producers has been artificially pushing up prices. 24 is . >> sounds like all the producers were putting the same eggs in the same basket. would you say that >> very witty, my friend >> i would say that they have run a fowl of the law. thank you. >> you're good >> a few days off, get ready for more because i'm rested and ready despite a little dip, it has been a darn good october for stocks overall major averages up three, four, and six percent. but as we've been talking about for weeks here, you have to watch the small caps they continue to see money pour in the russell 2000 up nearly 9%.

let's talk with ceo of cic wealth ryan, good to have you back on again. i want to start with a big name that has been a big problem but may have some big numbers coming out today. and this may be the most important stock in the market and i say that because, a, they are a massive bank and b, t largest mortgage holder and the as to being has lost half its value this year. but are you finally seeing value in owning wfc shares >> yes, absolutely we've owned it for a while, but a long term holding of wells fargo for years. luckily we purchased it probably down around these levels many years ago and unfortunately wrote it back down but yeah, absolutely i think today it will be important to see their earnings and see what the loan loss reserves end up being. i think that will be something that most investors will be

watching you know, they are in a turnaround situation they have a new mew ceo and the have shaken up things getting their house in order and i'm very hopeful over the next coming year or two that we'll see great things from wells fargo. >> yeah, the idea is supposed to be that you buy low and you sell high, of course you buy high and sell higher. that stock has had half its value wiped out. investors have ignored it. you've owned it, i like the honesty, have you been buying on the way down >> we have started picking up some additional shares for clients just to try to dollar cost average for those who maybe purchased it a little higher being careful with it, because there is still a lot of uncertainty with the coronavirus. unfortunately, it might be dead money for a little while, but i think if you have patience, the

dividends is nice. and over a few years, if let's say the stock were to get back up to the 50s, it would be a really good return over a few years so that is why we're patient. >> that would be a double basically. we appreciate the positive don't hear too much. now, a smaller cap name, we're all working from home, right and i would venture to guess that many of our viewers or listener, if they took a look at their desk, their home office setup, a lot of the stuff they have got is made by the same company, logitech. >> yeah, really interested in this name. they have had a nice run but as you point out, i think this is a trend that is just not going to change. and i'm a big fan of finding a secular trend and throwing myself in front of it as much as i can. and i feel like, you know, this is one of these companies that will be, you know, it will be around for a while in terms

of -- well, like you said, everybody probably has a piece of equipment and if you have tried to buy a piece of their equipment recently on amazon or some other place, good luck even on logitech's website, most sights are out items are out of stock. so i'm expecting good things >> yeah, between web cams and bluetooth, i guess a high share of the home desk market if that is a market. ryan, a pleasure to have you on. thank you very much. and we are just getting started here when we come back, why walmart says that it is now black friday every day as it looks to adjust to new consumer shopping habits. apple making 5g a reality.

but is it enough and later, a small business owner actually seeing growth amid the pandemic. we stay focused on main street ♪ ♪ for skin as alive as you are... don't settle for silver ♪ gold bond champion your skin

learned a second languageument applied to college applied for a loan started a business started a blog shared a picture shared a moment turn your wish list into a checklist, with internet essentials from comcast. when you're connected, you're ready for anything. walmart is spreads out the holiday savings. seema mody is back with those details and another deal perhaps in the oil space

like four oil companies left in the year >> let's start with conoco fill lives in talks to buy concho resources. has a market cap of just under $9 billion, it would follow the $38 billion takeover last year and more recently, the merger with wpx and chevron's $5 billion purchase of noble energy six flags is cutting its workforce. revenue plunged 96% in the second quarter six flags says that it will offer outplacement services to the affected workers walmart is extending black friday deals, the revamped promotion will offer separate pricing and it will continue in

stores shares of allscripts soaring after announcing plans to sell its care health business to well sky. shares as you can see up 39% brian, back to you >> yeah, a lot more deals there. either bankruptcy or being butt out. pretty much two options for a lot of these oil companies on deck, netflix's new membership policy and a vacation for one seven months in the making just some of your top trending stories when "worldwide exchange" rolls on today's big number 984,000. that is how many people were screened at u.s. airports gsz on sunday according to the tsa. that is the most people since march 16 a seven month high

welcome back the uphill battle facing many small businesses around america to stay afloat remains intense yelp says that huge number of businesses that have closed may never reopen again in other words, many family businesses, multigenerations, wiped out. but american small business owners are a small bunch and are finding ways to adapt and survive. one such business, king state

cafe coffee brewery in tampa, florida. named a top coffee shop in america last year. and we're joined now by its co-owner, tim, good to chat with you again. we talked to you in the midst of the lockdown how have things changed from, say, may or june until now what have you figured out and where do you see it going? >> thanks for having me on again. it is good to be here. yeah, the pandemic really was a curve ball for all of us small business owners, especially in the service industry with king state, the summer was very twril arial and error and n idea of trying to figure out how we will navigate this solely on our own. because the government, other businesses, everyone kind of was spinning trying to figure out what is going on, our governor as well as our mayor, everyone wasn't on any real page. so we kind of went our own path,

we obviously had to abide by all the laws and yeah, from june, july to now september and even into october and even august, it is a completely different world. we activated a few different things we stayed in the to-go model, now open at 50% capacity even though our governor said we could open up at 100% and we're still seeing a 15% to 20% growth from last year so it has been cool to kind of see, you know, safety protocols as well as putting out quality products and gooder is advice all merging. and all of our regulars and guests have been supportive. and unfortunately, that is not the case for a lot of people so we're grateful >> and there are members of the population that will not go inside and i don't blame them, everybody has their own level of comfort. i've eaten inside in new jersey a number of times.

are people unwilling to go inside sounds like you're not seeing that >> i think the spectrum is so wide we have people think that this is insane, you have people think that if you go outside you are risking life and death but the good thing about king state, we still have to go, we have onnline ordering and we hav a full patio so i think that we hit all the boxes. and so far, weekends have been jamming and everything throughout the week has been really solid and stable. and the first few weeks we thought it was that everything is open again, everyone is pretty excited and that was back in august. so it is really exciting >> i wonder, and i won't lie to you, i've talked to my own family, that if winter comes and new jersey goes back on full lockdo lockdown, tampa is not sounding too bad. i don't know if tom brady has been in there, but my guess is that you have seen a lot of

migration, people in this area who know that come january when it is 30 degrees and snowing here and maybe we go reblockd n do lockdown, florida could be a good play because it is 65 and you can be outside >> you're not wrong. we're seeing that in droves. our residential real estate market is exploding still and it never really stopped so i think that you are dead on there. there is a lot of first timers, there is a lot of regulars and the spectrum runs the gamut. people still go i just heard about you, this is my first time in on it is really interesting to see. things still building even in a pandemic >> i tell you what, i will get down there if it keeps cool and locks down here again, we'll come into king state keep us informed of how you are doing. rooting for you guys

can two days of prime deals move the needle for amazon stockholders and facebook saying that it will ban ads that discourage immunization (vo) i'm a verizon engineer and today, we're turning on 5g across the country. with the coverage of 5g nationwide.

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vaccine, stimulus and earning, oh, my. investigators navigating a number of head winds futures up 126 apple hoping to find some big sales with small iphones but can a tiny phone deliver what shareholders really want? and breakout your credit card, netflix saying no more freebies as the company pulls the plug on free trials. it is wednesday, october 14th. and this is world wide exchange. i see what they did there. free ride, netflix, there we go. welcome back, i'm brian sullivan here is how your investments look as we are about halfway through the 5:00 a.m. hour futures are solidly in the green. dow futures up 123 right now

what is going to move the markets today? money was all the options related move, the gamma that we talked about wasn't anything but today it could be this, a big day for bank earnings. bank of america, wells fargo, pnc, u.s. bancorp, goldman sachs out with earnings. now, earlier we asked you a separate question. can you name the best performing s&p 500 stock this month can you? look at that chart it is a mask play. it is etsy up 25% in october and 245% this year if you like random stocks like that, your rbi later will have one stock that goldman sachs says meets tough growth criteria but is still down year to date.

but etsy is your mystery chart of the morning turning now to a chart you know, that is apple and the company's highly anticipated push into 5g became a rewrae reality yesterdy the iphone 12 mini starting at 700 bucks all the way to the iphone 12 pro starting at $1100. and don't forget about the mini smart speaker. joining us now is robert muller who covers all things apple. good to have you back on apple is going back to the future i guess with a phone that gets actually smaller, not bigger, a lower price point, will it work >> yeah, we believe it will. you know, especially having the wider range. we've seen with the last adoption of the iphone se, it had pretty good adoption not everyone wants a larger screen we still expect the base 12 to

have the best performance out of allel t the models and pro max with better cameras, i don't think that you can discount the better features but that a nice add-on >> and you've got these phones now, i guess -- you said the average selling price, and i think what some are concerned about a bit is those margins it is not about sales or revenue, it is about gross margins. is apple smart to sort of lure people to buying lower cost phones >> it is reld differenatively sg they are trending up you think a few years ago, phones are still more expensive. you have storage upgrades as well you also have the premium tier with the pro within thing th one thing, they have taken out the charging block and ear phones that should help

those should be incremental pieces that should help out with the margin prices and shipping costs as well. >> yeah, and you think about the idea of maybe even -- maybe you are right, not a lower cost phone, but 700 bucks ain't low price by the way, but you know what i'm saying. get people into that apple ecosystem. and if all of our viewers today that use apple products go on to their computer, itunes account, look at their subscriptions, they will probably realize they are paying apple $25 to $50 a month in recurring revenue if new, music, music match and not even realizing it. getting people into that mhalo i the whole deal >> yeah, cash flows are pretty highly recurring

you think about it as a lumpy annuity where you are having that $700, $800 outlay every two to four years. but services, yes, they are coming out with the apple one bundle coming soon, $30 a month. pretty easy to justify you get a wider suite of services and we did a deep dive on the fitness opportunity which we think could potentially be a $3 billion revenue opportunity by 2023 but then again, that is kind of the prime feature, if you have fitness, clouds storage, what is another $5, $10 a month to get the music, news and arrest kad arcade as well and the valuation is tough around this name, but our positive viewpoint is really built around the fact that we're right at the front of this super cycle, we're very bullish on 5g, we think that it will be a multiyear cycle. this is not a one and done

yes, it is a name that we want to be a part of. it can grow into earnings, has a lot of buyback power so if you look at it the next several years, if you get new product innovations, i think it is a name to be in >> all right will be bert, we appreciate you joining us and on deck, amazon's prime day appearing to get an impressive start what its performance can signal for the retail sector ahead of the holidays and as we head to break, some of your other top stories staying with amazon, thousands of employees have signed an internal petition calling for the company to give its entire workforce paid time off to vote. other american companies like facebook, apple, twitter and walmart have already agreed to give employees time off. work from home forever workers at drop box won't be going back to the office anytime soon the company announcing that it will stop asking workers to come

into its offices, instead making remote work a standard practice. and shares of bed abbath & beyond on the rise after selling how of its assets including the christmas tree shop. should bring in roughly $250 million.

what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley.

. prime day rolls on and apparently everybody will just buy everything online. but let's not make it a commercial for amazon. other retailers, walmart, target and more counters with their own sales and maybe even lower prices so what does this mean for the sector joined by charlie o'shayed a moody's. i look at my local mall and half the stores are e and you have bankruptcies galore in retail and debt looking worse for many companies is it looking like we'll have five large national retailers and nobody else. >> i think that is a pretty dire prediction i think there is a lot of strength out there in retail there are pockets of strength.

but the basic premise is not that far off, you have strong guys going into the pandemic and the pandemic certainly illuminated that where you have amazon, walmart, target, costco, best buy, and i'll show bj's into the mix and you have seen home improvement doing well the off price stores doing well once reopened. so there are pockets out there, but it is clearly a case of the haves and have nots. and that has been going on for a while. >> yeah, certainly it is hard for smaller retail shops to compete with these beat 'em offs amazon quietly continues to issue more debt as well. another $10 billion offering the company has grown generally through equity, but now they are getting more and are more active in the debt market what do you think is going on with amazon.com and why are they

issuing so much debt >> they need to issue debt, they need to finance growth and debt for them is relatively cheap. much cheaper than equity at this point. and i think what the company is doing is they are growing into the debt and we saw that with q2 we didn't expect to be nearly as strong as it was you're seeing the company borrowing. back in 2017, the balance sheet almost doubled from a debt perspective. and they have been doing it. and there is a lag between when the debt is issued and when earnings are generated but that delay hasn't really bothered us all that much. the challenge for amazon going forward is where do we want our credit rating to be. >> charlie, do they care

amazon has never cared about any metric by any means. they never cared about profit ability or gross margin. it is growth, growth, growth is that fair statement >> in the past, i think that has been accurate. they have been more shareholder friendly in the past but recently i'd say over the last few years, as you have seen the rating progress upwards, that is recognition of the strength of the company's overall credit profile so they have been managing to a certain level of credit metrics that we're comfortable with. when you look at where they are today, there is an awful lot of debt capacity at this current rating and the only thing that amazon has to worry about from our perspective at this point is do we want the rating to go higher, if they do, then they will measure the debt a little bit more carefully if they are comfortable where they are, then they can raise $35 billion, 40 billion without much of an issue

>> yeah, we're looking at that stock price here, up 245% in three years time no matter what they have done, it hasn't mattered, shareholders have stuck charlie, keep us up-to-date a lot of retailers not named amazon are struggling. >> will do, thanks a lot all right. well, trick-or-treating sort of, an ancient ruins let's get a look at what you will be talking about. seema mody as some of the top trending stories >> here is what is trending. halloween will look pretty different this year and some companies are hoping to offer a safe alternative to door to door trick-or-treating. lowes will have curbside trick-or-treating on the last twosaturdays of october. families can reserve a spot to drive up and get free candy and a small pumpkin. krispy kreme will be offering free doughnuts at their

drive-thru if you wear a costume. netflix will stop offering free trials, they are looking at different promotions they may test more of its original content available for free to nonsubscri describers as sample promotions. and matmachu pi clchlcchu r a man stood in line for seven months just to see it. the ruins will reopen to the public in november, at 30% capacity >> going up -- i've never been there, like to do it, going up that mountain i would imagine is hard enough at that elevation with a mask on, it is not for the faint of heart >> yeah, but this is actually a struggle that lot of tourist destinations are trying to figure out, how do they seeming

a an appealing destination so yes, travelers may have to mask up. but you look at this, one of the most beautiful sites, 7,000 feet above sea level, built in the 15th sent chentury perhaps worth the wait >> are you like the mask person or the full face clear visor >> i always wear a mask, but on the plane, i did do the double mask plus the face 1450e8d ashid why not? >> you hur tlured me back on a e i've known flown four times and felt fine. all right. thank you very much. on deck, your morning rbi and one stock that may be a real value play meets growth metrics, but the stock is down.

goldman sox hihighlighting it yesterday. and plus what to watch for on another big day for bank results. but first, since the beginning of the pandemic, something we just talked about, the airline industry has gone to great lengths to convince passengers it is safe to fly. but what about parts that can't be wiped down? part of a new documentary, shepard smith takes a closer look at you how clean that cabin air really is. >> probably cleaner than the air at home. >> here is why the air is a combination of fresh are and filtered air that flows through the vents in the ceiling and floor. half of it is passed to the outside while the other half goes through hepa or high efficiency particulate air filters. this filtereded air is combined

with new outside air before making its way back into the cabin. >> so you have an exchange of new air every two to four minutes. these are the same filters they use in hospitals >> made even more effective by wearing a mask a requirement of every major u.s. airline, but not federal law. >> tonight shep takes you inside the u.s. air travel system meeting essential workers, everybody in pilots to taxi drivers all vug listruggling top their industry alive that is tonight at 8:00 p.m. don't miss it. meantime, dow futures are up 100 points if respect ♪ ♪ for skin as alive as you are...

don't settle for silver ♪ gold bond champion your skin

nature's bounty is here for you. ready to take your immune support to the next level? the number one herbal supplement brand has everything you need to help keep your immune system strong. immune support comes naturally with nature's bounty. daif with markets up nicely since the march collapse and everybody buying the same five or six stocks, many of you may be

wondering if there is any value left out there i don't know, it is not my job to recommend stock, but goldman sachs had a really interesting report the other day they highlighted s&p 500 stocks that have 10 or more percent sales growth and at least half a percent of margin expansion this quarter. i went down the list and i noticed something that there is only one stock in the s&p 500 they highlighted with more than 50% sales growth, margin expansion and whose shares are lower this year. can you guess? i certainly couldn't it is bristol-myers squibb that's right they have had good numbers, but the shares are down 3% this year the average analyst target price, $12 above where the stock is right now just has not gotten any traction this is certainly not a recommendation on bmy, but when there is one stock out there in

the s&p 500 that meets some data points, and the shares are down, and goldman highlights them in the list, that is random but interesting. you go, bmy. back new to eaow to earnings bank of america, wells fargo, goldman sachs and pnc and u.s. bancorp all on tap after a rough start to the season. wrote off less than people thought, but investors completely ignoring the names and joining us is chris whalen the banks put out good number, they write down less than people thought and all they do is sell off 5% why? >> are tare two reasons. weak revenue and i think investors realize

that they will take a little pause. in the background is an issue that is very important, that all of the forbearance that congress so jgenerously as provided to consumers and businesses is not showing up in bank loss numbers. so until that is over, we don't really know what it looks like in terms of future loss. probably why the banks were able to pause putting aside more reserves this quarter. it is a presentation issue >> you know, i've called wells fargo maybe the most important stock in the country for good reason biggest retail bank, they own the most mortgages, stocks lost half its value, fired management what are you expecting, have they turned it around at all >> well, they keep making money despite themselves wells used to be probably the best performer in the top four in terms of dollar earnings per

dollars of assets. and as you pointed out, a slot of self inflicted wounds i think that it will be years before they get out of the penalty box because they have to demonstrate to the fed that they have effective systems and controls and that their board is focused. they did not do these things effectively over the last couple years. so it is in their hands. the bank has enormous value, but trarding at a discount today because of the big question mark to me of the top five -- i own u.s. bank and a lot of bank prefers right now, but wells has the most potential for change. but i can't tell you when it will happen. >> but you think the company has righted the ship from a very macro -- may take years to get back to where they were, but do you feel like the super tanker known as wells fargo has finally made the smart turn? >> i think so. i mean, it would be astounding

if the answer is no. this is a large public company and you would think that the officers and directors realize the seriousness of the situation. so, yes, i think that there is potential here it is a great bank this is a bank that historically has delivered. and really had very few issues you never heard about them other than earnings. so to me, this is one story in the top five that is worth spending time on >> and i did a cnbc pro event last week. and basically ways recommendedat don't get nearly enough love but pnc is positioned if they want to to take more of wall

street's business. and they have lots of capital. they sold their stake in blackrock, so they have money. the question is ohio will thhowl they deploy it it is a great franchise. >> all right, chris whalen, we appreciate your views and insight. and from big banks to beer let's find some cool new names for you in the smaller cap space. for more, we're joined by alex ely. chief investment officer i love not talking about amazon and apple and banks, no offense to any of those stock, but i want to talk about a name that is close to me, one of two companies based in my hometown of winchester, virginia. and that is trex everywhere you go, you see their fake wood decking, that is one of your top holdings what about the trex story that

you like >> thanks for having me on again. appreciate you giving me the opportunity. it is a fantastic company. it is the leading company for faux wood. faux wood is gaining over natural wood because it is cheaper. you don't have to treat it you have beed out at this moment lumber prices are up dramatically since the end of march. and so that plays into the story as well. >> and i guess when you're out on your fake wood deck, you will drink some sam adams with boston beer being cooled in your $300 yeti cooler. i'm noticing a trend on some of grour t your top picks here. >> yes, people are very much into outdoor experiences these days there was a lot of spin that was going on in travel and leisure that is now pivoting toward experiences near the home. so camping, fishing, hiking,

being on boats, rvs, yeti is right at the nexus of that and is a clear leader in terms of a lifestyle brand that people identify with. similarly with best beer, they have been leading not just for beer sales, but for alternative benches like hard seltzer with their truly brand.growing 100 p year on year >> and you like homes. lgi home, not a name i know. i guess you buy a home, you put one of those spy rings on -- you know, ring central you really have the nest i guess figured out in your top holdings >> we're trying. i have to say housing is very exciting lgi homes is one of the fastest

growing home builders in the south and west we call it secular migration the same way that air conditioning and elevators made it so that you could have buildings down in miami and houston 100 years ago, we're now seeing the network enable people to move anywhere in the country. literally changing the american landscape today. hundreds of thousands of families are leaving l.a., new york, chicago, going to places like nashville, austin, charlotte, charleston, tampa, jacksonville, denver, you name it and they go there because the land is cheaper, the taxes are less it is a better style of living so a lot of opportunities there for home builders to benefit >> and many of those folks by the way, i don't know where you are physically located, you don't need to tell me, they are not coming back. i live in new jersey and i see a lot of moving trucks going one way. yeti, lbi, trex, got to be a

record we appreciate it welcome back >> thank you all right. some new names there and that does it for us here on a wednesday. "worldwide exchange. i'll see you tomorrow. "squawk box" picking up the coverage next.

futures in a rebound after yesterday's pullback we have a run down and eli lilly's clinical trial halted over safety concerns just a day after johnson & johnson's trial was paused details straight ahead and another busy day for earnings, we'll hear from bank of america, goldman sachs, wells fargo all before the opening bell it is wednesday, october 14, and

"squawk box" begins right now. good morning, everybody. i'm becky quick look with joe kernen and andrew ross sorkin. and if you want to take a look at equity future, you will see green arrows it looks like the dow is indicated up about 90, s&p 500 by close to 10 and nasdaq up by 42, this is after a down day yesterday for the markets. but that is the first time in the last five sessions we've seen the markets drop and gains are outpacing the losses so an evening out. and take a look at the treasury market, you will see right now at least, it