election joe biden on the defensive in georgia. democrats haven't won since 1992 and rallies in wisconsin, nebraska it is 5:00 a.m. at cnbc and here is your 5 at 5:00 investors bracing for more losses with the dow set to do something for the first time since the depths of virus pandemic and sticking with the coronavirus, new troubling figures as the u.s. faces a massive second wave event. the states getting hit the hardest. and in washington, the chief executives from facebook, alphabet and twitter are set it testify before the senate defending a key law that allows them to do what they do.

and on the campaign trail, just six days until the election, and hackers are now targeting the website for one candidate. kayla tausche has the latest florida and call it a comeback five years in thin in the makinn d stewart reportedly seals the deal for a new streaming service. you are watching worldwide exk3e7e exchan exchange good morning, and welcome to the show i'm dominic chu in for brian sullivan first off, a hearty congra congratulations to the dodgers, beating the rays in last night's game six for their first title since 1988 this marks the second championship win for the city of

l.a. with the lakers winning the nba championship last time this happened was also 1988 and it was the dodgers and the lakers, congratulations los angeles on that big win. let's now begin this wednesday morning with a check on the stock futures picture. we're seeing implied opens for the dow of 422 to the down side, s&p by roughly 42 and nasdaq by 113. this does represent right now at or near the lows of the overnight session for the futures picture, so we'll continue to watch that futures over the last six hours, you can see losses accelerating this morning just floating off the lows that we say maybe in the last hour or so, but the dow joins future certainly pointing what could be a sharply lower open for 24 particulthis partic. dow coming off its third down

day in a row the index is now more than 1% lower for the month and on pace for its second losing month in a row for the first time since its three month losing streak ending in march of this year. the dow is now down more than 7% from its all-time high so yes still close, but we're moving lower and crude oil futures after a whip saw session yesterday, benchmark crude prices $38.05, nearly a 4% decline there. $39.96 for brent the last trade there. and this morning's market action coming as we find ourselves in the thick of earnings season with the busiest day of the week on tap tomorrow. 13% of the s&p 500 set to report including the likes of apple, comcast, parent company of this network, facebook, amazon, you see them all on your screen

there. wall street is also bracing for a new reality when it comes to the fight against the coronavirus and a second wave surge. the 7 day average of new cases in the u.s. topping 70,000 for the first time ever yesterday. hospitalizations hitting their highest since mid august the states getting hit the hardest, texas, wisconsin, and florida. around the world a mixed session for asia, south korea youtd perfo outperforming. and the nikkei down fra fractionally german dax off by nearly 3%, ftse 100 off by 2% and cac 3% as well reuters is reporting that angela merkel wants state premiers to close all sfrauntrestaurants ans starting november 4 in a bid to try to curb rising cases in that

country. people would only be able to go out in public with members of their own household and one other house hold sticking with europe, and keeping our eyes on the shares of deutsche bank, you can see they are off about 3%. the bank did swing to a profit for its most recent quarter for the first time since 2019. revenue topping estimates. helping drive the results were its investment banking operations revenues there rising a staggering 43% on deutsche bank shares moving to the down side fending offs regulatory onslaught that we're see, contessa is here with that and other top headlines. >> and i'm like a big huge head standing next to apple is developing its own search technology as antitrust

officials threaten google. apple has began to show its own search results and link directly to websites right from its home screen an advancement some industry experts say could form the foundation of the attack on google's search dominance. and jetblue ceo broke down where the airline is seeing positive trends. >> we continue to see a fair bit of interest for travel around the thanksgiving and holiday period you know, i think that you've got a lot of kids coming back from college, a lot of people sort of seeing friends and family, they haven't seen them for a long time. so so far we've seen the booking curve go a little bit further

out. >> hayes added the company is yet to return to a cash break even point, still losing as much as $7 million a day. call this a rocky start, backlash and glitches for the first day of facebook he's effo to halt new political ads on its platform during this final stretch. the biden campaign claims that the social media systems broke within seconds of watching and may have also caused pre-trump pro trump ads to get sent to voters a week early so maybe the trump campaign got more than it paid for. >> well, we'll see a lot more on this big tech story. they have a lot more to answer to senators later on this morning. contessa, thank you very much. back too t the markets as

investors digest troubling covid numbers. joining me is chief investment officer and cnbc contributor, peter, there are so many things happening with regard to why the market is moving lower right now you in just days ahead of the election with a exactly is the setup, why are stocks pricing in soome kind of volatility? >> well, it was around 3:00 a.m. this morning eastern time when the futures which were already down about 20 took another leg lower because of the weakness in europe but i think behind the scenes is the market's reaction to earnings generally and particularly technology stocks you had microsoft reported a great quarter but modest expectations relative to what the estimates are. so that stock is down. i think the came narey kcamnaryl mine is when fastly reported and

that was down sharply. earnings were good but because of tiktok, not exceeding expectations by a sharp amount and that stock sold off. you saw netflix, s.a.p., twilio, all high flying expensive stocks that didn't meet expectations. so maybe with respect to technology, valuations now matter and if valuations now matter, the bar is high as we get earnings particularly tomorrow and over the next couple weeks >> that is so interesting to hear because what many people have been focusing on as of late has been the notion that it is the election uncertainty that is causing volatility but you're saying that it is the company's specific stories and the market overall that could be due for this pull back and that is the reason why you are seeing it >> well, it is probably a

combination, but i can't discount this reaction to technology again, we had very rich valuations we have particularly software stocks trading at 20, 30, 40 times sales. these are extraordinary levels and fastly in particular going into their earnings report, stock trading at about 45 times sales so there is no room for error here and that is with technology being obviously such a dominant driver of the market gains this year, that if technology slips up, it will be really tough for another group to offset that >> about a month and a half ago, maybe a little longer, we were talking bts idea about the idea great rotation happening, that value type sectors like industrials and materials, beaten up names in energy, start to lead the way higher it sure doesn't seem like that

is playing out what do you think will happen? >> it did play out when we had the steepening of the yield curve banks showing tines s curve banks showing tines igns life and until we know who will be president, the virus, but i think that the stage is set to have tech underperformance at least maybe through the rest of the cycle and that maybe tech relative to the rest of the market has topped out >> all right a big focus there for sure peter, thank you when we come back, a whip saw session pre-market and plus tech back on the hill today at least virtually as mvps of facebook, alpha bets abet an

twitter defend a decades old law. and the mystery chart, the sector to watch.

welcome back to worldwide exchange dow futures imply a 400 point drop for that index. s&p 500 down by about 37 points and nasdaq implied lower by 98 that is a slight improvement over the last 10 or 15 minutes here stocks on the move, chubb reporting third quarter profits that missed analyst forecasts but revenues did beat. chubb is higher in the pre-market, but shares still down about 20% so far this year. but 4% gain in early action juniper networks is soaring, reporting preliminary third quarter results roughly in line with forecasts juniper says it saw better than expected demand for the quarter including with business or enterprise customers, though

shares up nearly 4% as well. and shares of microsoft are falli falling, there is strong demand for cloud services and gaming during the pandemic, but microsoft is underwhelming with its second quarter outlook it expects revenues of between 39.5 to 44 billion and a trio of big ceos on the tech side are testifying before a senate committee hearing today. facebook's mark zuckerberg and twitter and alphabet will make their case republicans say that there is a bias against conservatives online while democrats counter that social media does not do enough to rein in hate speech and

misinformation let's talk more about this now with sarah fisher, media reporter at axios. sarah, first of all, take us through section 230, what is the gist of what section 230 says that facebook, to wit wittertwie can and cannot do in. >> it is part of a broader law that was passed many years ago in 1996, which essentially shields these companies from being liable for things posted on their sites we talk about this law in terms of how it impamgcts big compani rp but this law also shields news websites with comments sections as well. so that is an important thing to keep in mind today what you will hear from lawmakers is whether or not these big tech companies should continue to be shielded by this law or whether we should make amends to it through congress or some other bodies at the fcc that want to make changes so

that tech companies no longer have the legal provisions. >> i wonder right now, that is what lawmakers will be debating and trying to question what are these ceos going to say? because we have an idea right now, prepared remarks that they will deliver, what will they say about the case for keeping those protections? >> they say that if we got rid of them, it would fundamentally change the internet as we know it, users wouldn't be allowed to upload things at the same speed and scale that they are able to now. and one of the things that they will note is that most users use these platforms for good sure, there are a lot of bad actors throughout that are trying to put bad things on the internet, but if you were to over regulregular late, you wou handle per the ability of everyday users to post things that they think elevates free speech and could potentially help them connect with the world around them, whether posting in a comment section, uploading a

photo or video and sharing it with friends so the big pitch here right ahead of election day really is to not just lawmakers but to consumers broadly, do you want your internet to be fundamentally different than it is now some might say yes, but a lot might say no >> so we know that these social media and big tech companies have been under fire because of this idea that their platforms are being used to promote bad things if you do have a regime hypothetically where you have to then overregulate or perhaps regulate even further these companies, doesn't that suggest that you take away some of those free speech freedoms isn't that what the case is going to be here >> it is and expect by the way conservatives to also make this case one of the things that conservative lawmakers have said is, look, we actually think section 230 is good for free speech, but we don't want to be applied to companies that don't prove to us that they are neutral. we've been hearing for the past two years that conservative lawmakers think these big tech

platforms are byiased are agains them how they determine whether it is neutral is hard. that is why the laws are written so broadly and we do see other places europe in particular that pass more broad sweep reguling regul and they have way less innovation than we have here in the united states. >> asara, thank you very much. still on deck, how one country's tourism department is taking a cue from saw sborat. in a few moments, rackspace technology will enter a

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right now you see the dow jones implied lower about 124 points, zap by 42, nasdaq would i by about 109

taking a look at the laggard, we are seeing movement in illumina, starbucks and microsoft shares coming up on how hacker sees the campaign of website donald trump with just six days to go until the election the details and fallout from that hacking when we return after this

the slide by stocks set to continue this morning as nfuture point to another down day amid mounting covid worries and president trump's campaign site subject of a hack attack as authorities investigate what appears to be a cryptocurrency scam. and some of the big technology leaders out there, the biggest one, heading back to the hill as they prepare for the latest grilling by congress over how they operate it is wednesday, october 28th. you are watching "worldwide exchange" on cnbc. ♪ welcome back we are halfway through the 5:00 a.m. eastern time hour and you can see here the dow is implied lower by roughly 420 points, s&p

by about 41 and nasdaq by about 108. we have seen these levels hold fairly stable over the course of the last half hour or so, so that trade again to the down side implied at the opening bell futures over the past six hours or so have bounced a little bit off the lows, but you can see here, still a pretty market done side here and we were fairly stable until just around kind of the 3:00 to 4:00 a.m. eastern time hour here now, this is after a mostly low her session for the major averages just yesterday. the s&p 500 seeing two straight days of losses, the dowcoming off its third down day in a row. indexes now more than 1% lower for the month and on pace for its second losing month in a row for the first time since its three month slide back in march of this year the dow is now more than 7% off its all-time highs that we saw earlier on all of this as wall street is bracing for a new reality when it comes to the fight against

the covid-19 and a second wave surge that we could see. the seven day average of new cases in the u.s. is topping 70,000 not first time ever hospitalizations hit their highest level since mid august and hardest hit states are texas, wisconsin and florida but it is not just about the united states. reuters is reporting that german chancellor angela merkel wants all bars and restaurants to be closed starting november 4 under the proposed restrictions, people would only be allowed to go out in public with members of their own household and one other household, violators would be published karen cho joining us from london with the reaction. the reactions come because of the covid cases. are we seeing that volatility to the down side driven by merkel's

proposals? >> we are seeing volatility, and we're trying to climbing off some of the lows of the session. at one point, we saw selling at more than 3.5% dax down slightly less than 3% and the level we got to just below 56,000 points at within stage. about 2,000 points off where we started out the year so you have to question where the recovery trade has been in europe, but we are at much lower levels than what you've got in the united states on the stock market but later on today, there were reports swirling that the french president emmanuel macron may announce a new national lockdown

that would be among some of the strictest measures across europe at this stage. uk also has some restrictions across different regions so battling concerns about the economic impact and also impact on profits if there are new restrictions many don't have visibility into year end >> karen tso, thank you very much in addition to the covid headlines, market action comes as we find ourselves in the thick of earnings season with the busiest day of the week on tap tomorrow 13% of the s&p 500 is set to report including the likes of apple, comcast, the parent company of this network, facebook, amazon and more for more, let's get to delano. thank you very much for your thoughts here. what exactly is the primary focus for you just six days

before a big election here in the u.s. >> thank you, dominic. great to be here that primary measure for us and for what i'm looking for is understanding the new market sentiment. we're seeing rotation back to the names that benefit from the stay at home place we saw that momentum early on which is tough for a lot of people across the nation and so we're seeing a big driver is the rise in covid cases as you mentioned and hospitalizations so that rise is coming back, what are we going to see as far as restrictive measures that could be imposed and how are investors handling that. we saw that when investors are kind of betting to go back at the stay at home plays as we saw with what happened with trading yesterday. another driver as you mentioned is the election and what we're seeing with pushing back that stimg husba stimulus probably not going to have that prior to the election, so that

is weighing on investors and so we make sure that we're measuring that for clients as well >> how much are you watching what is happening in europe right now? the covid virus effect, the market impact from it, how much are you seeing similarities here in the u.s. versus what is lapping happening in europe? is it a blueprint? >> i think it is you saw europe, certain areas where they were saying that they were seeing an uptick in cases in the rise in cases and that is the trickle that we're seeing backoff here akd cross the border and so what restrictive measures might be taken by the regulators across the seas might be a blueprint for us and what needs to be done and if so, that means investors have to understand what plays and what measures and what hedges have to be taken. so if we're seeing restrictive measures being taking place, that is the way that we can slow

down and have an effect of slowing down this virus, then we have to make sure as investors, we understand what blueprints are being taken across different nations. >> speaking of plays and hedges, hu how exactly are yyou positionin your clients into the election be and beyond? >> for us we've been focusing on growth and tech and being diversified. but the names that has bode well for the time being and something that you have to make sure as investors you are diversified in that microsoft had their earnings yesterday, this again top line, bottom line there were strong numbers. the market didn't like the guidance, so there was a pull back after hours from that but overall, growth is strong and bodes well for microsoft and its investors.

second fastest growing is their devices, something that we're taking a harder look at and making sure that clients have the correct exposure amount to and also if you think about the stay at home play, you are looking at video games, e sports, something that we've been bullish on, something that continues to trend for clients and we think that investors really could have a strong exposure to that as well >> mike yes soft and take 2 interactive, some of the charts we're showing. thank you very much. and to washington, d.c. and a number of headlines developing in the nation's capital this morning. with less than a week until election day, officials are investigation greating the hacking of president trump's campaign website a message claimed that it had been seized claiming to have critical information on the president. meanwhile on capitol hill, three of big tech's leaders are set to go before lawmakers today. looking to defend a key internet law that protects companies over

content posted by their users. in what is expected to be the latest grilling by d.c. of silicon valley we have team coverage. kayla tausche has the latest on the hack attack and elylan mui s what to expect on capitol hill kayla, what do we know about this breach? >> we know late yesterday evening for a brief period, just a couple of hours, the trump campaign's official website was replaced with this message as you say, it says it had been seized the message was this broken english, it claimed that the hackers had information discrediting president trump and his family, claiming to tie him to the origins of the coronavirus and demanding cryptocurrency to give that information on the trump campaign says the site was defaced.

communications drepgts toirectos we're working with law enforcement to investigate the source there was no exposure to sensitive data because none of it is stored on the site the contributions arm of the trump's website is run by a pro republican organization but the trump cam pin didn't respond to questions about who runs t merchandise section that does remember you to enter sensitive payment information. we have not heard from law enforcement agencies about the suspected source of this attack and who potentially carried it out, but we know that this is not the first time that president or a candidate has been targeted in one of these schemes. president obama, vice president joe biden were also targeted in a bitcoin scheme earlier this summer and a florida teenager was charged in that effort >> is there any view that this will change at all any kind of a perception or view of president trump as a candidate for president or is this just something that kind of happened and kind of falls by the wayside?

how damaging will this be for the trump administration >> it doesn't appear that it will have any meaningful or lasting impact on the campaign or the impression of the campaign it was sort of a flash in the pan and in an already busy news cycle. and also this is a president who has shrugged off some of these criticisms before, that his twitter account in particular was subject to hackers simply by guessing his password. the white house says that is not trud so the president himself has come under the attacks before. his hotels have been targets of multiple data breaches so it is unclear that this will have any lasting impact. >> kayla, thank you very much. from the white house to capitol hill thousand where the -- now where the ceos will be in the hot seat again today

ylan mui has more on that. >> the tech execs will defend the liability shield that they say is foundation al to the internet itself and warn of the consequences of changing it. jack dorsey will say that it would collapse how we communicate on the internet. but mark zuckerberg will acknowledge that both republicans and democrats are unhappy with the status quo and that he would support updating the law and as well as working with congress to regulate harmful content. and alphabet will tackle anti-conservative bias head on saying let me be clear, we approach our work without political bias, full stop, and anything else would be contrary to bths ooth our business inters and our mission. but senate republicans don't intend to let's the ceos off

easy roger wicker says that section 230 has given internet platforms the ability to control, stifle and sensor content in whatever manner meets their perspective standards. the time is for that to end. and democrats are upset too, but for very different reasons senator cantwell raised questions about privacy. so with the election now just days away, i would not be surprised if this hearing turns very partisan and very political very quickly >> so there is in doubt these companies are very muchthe target of both sides of the aisle. but if you start to look at these tech companies and say their platforms need to be more highly regulated, there is this feeling that you put even more speech restrictions on here, is this something that any of these lawmakers will try to address not just the conservatives

>> so there is actually a number of bills out there that would tackle updating section 230, reforming it or revamping it the most recent is from senator wicker as well as two other republicans, that one closely hues to what the justice department has recommended, this is to limit the liability protections to very specific categories tech companies say that is too narrow, that that would miss a lot of the information and content that they would take down that we would maybe all agree shouldn't be up. but that is part of the problem here, that content moderation is a very fuzzy area. there is a lot of delay area here and that is why there is so much debate over this. >> a lot of debate for sure. thank you very much for that in the march up to the 2020 presidential election, brian sullivan is driving through several key battleground states taking you to some of the most important counties in the race for the white house. this morning brian takes us to

came kenosha, wisconsin >> great to be in wisconsin tonight. no place like being at a trump rally. >> reporter: kenosha may be the most important county in the most important state in the election it has long been a blue haven by the lake obama toppled romney here are in 2012 by 150,000 vote s. but trump flipped it and a state in 2016. but it was a razor thin win. trump won wisconsin by just over 27,000 votes and ebincredibly kenosha by just 255. they tried to reward the state with a newfactory, a deal that has yet to materialize foxconn says it remains committed to the state

and trump will tout the state of the state which has been strong economically wisconsin has an unemployment rate below the national average and strong wage gains. but also in focus, the lasting impact of the shooting of jacob blake, resulting unrest. will the anger from that and frustration from foxconn turn the trump voter back blue or perhaps just turn them away? or will an otherwise strong economy help keep trump on top kenosha just may decide it once again. >> brian sullivan, thank you very much. brian will have more from kenosha and the other counties that will play major roles in deciding the 2020 presidential election all throughout the course of the day and week only right here on cnbc. coming up, one of the former kings of late night making a return to the small screen the tech titan teaming up with jon stewart, that is coming up we started goodrx in 2011 because too many people in the

united states can't easily get to a doctor or afford the treatment they need. that's why goodrx has built a leading consumer-focused digital healthcare platform. we wanted to make shopping for healthcare as easy as it is to shop for travel or electronics. as a public company, we hope to provide even more services that help people get the healthcare they need at a price they can afford. welcome back let's check some stocks on the move fireeye is reporting better than expected third quarter results and raising its guidance for the year, managing to stem sales declines and increasing cloud sales amid a rise in online attacks in recent months their ceo says the threat level

from cyber criminals remains high due partly to the pandemic, election and geopolitical tensions shares of first solar are rallying the company says its operations haven't been materially affected by the covid-19 pandemic, those shares up 15% free market. and callaway golf strikes a deal to by the rest of top golf for around $2 billion in stock callaway already owns a 14% stake in the driving range and entertainment menu operator. top golf has about 60 locations in the u.s. that offer virtual golf related games as well as lessons and host private parties. shares off 4.5% on that deal remote work in caymans, and one country 00 he very nice new tourism campaign, contessa

brewer is joining us with the top trending stories >> jon stewart is returning to apple tv, the emmy winning producer and host of "the daily show" will be heading up a current affairs series on apple tv plus. he will be back in the anchor chair and being executive producer and the show will run for multiple seasons, part of a multiyear agreement with apple that includes a first look deal with stewart's protection company. borat, a country has had don'ted of its classic phrases, very noise, to showcase the tourism potential. tur wri tourists say that things are very nice like the country's architecture and cayman islands is offering a

remote work program if you make more than $100,000 if you are poor, you need not apply. it is currently one of the only ways americans can get into the british island territory, which has not reopened to tourists travelers who receive the certificate will have to quarantine upon arrival, but they can to so either at a private residence or a privately run facility it includes the ritz carlton if you are ready to shell out $10,000 for a two week stay. big spenders, but i guess you have to expect it. >> that sounds very nice to me right there. would you up root your family? you're working remotely. would you do so from cayman islands? >> they can't hear what i'm about to say it is not just cayman islands. remember mgm offered up the work from vegas too it seems to be the thing that

you are doing. if you will be at home anyway, wouldn't you rather have a pool and room service and a few amenities even if there is no live -- i mean, on the beach where the weather is warm, it is purchasing rain outside and cold why not. >> i would say this, remember, this is still hurricane season right now, so that is an impact there for some of those resort islands. conte contessa, thank you very much. on deck, looking for a rare pre-market winnerer in a down take shares of u.p.s. are on the rise ahead of the company's quarterly results. we'll break down whether it and other transportation companies can keep their 2020 rally rolling.

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you can see we've seen a slight downturn in the implied open for the dow, now off by about 450, s&p 47, nasdaq by about 121. we'll continue to watch what is happening there. among the dow laggards, visa, boeing, chase. meanwhile you have u.p.s. earnings on deck, the stock is already up more than 50% this year largely brushing off the pandemic pandemic it is seen as a well weather for the entire sector and maybe the economy at large the sector on pace for the first seven month winning streak since 2009 big catchup trade there for transports joining me now to look at the charger transportation picture, amit mehrotra at deutsche bank good morning, sir. let's talk about whether you

expect big things out of u.p.s. when it reports results. >> good morning, dom i think the expectation is around $1.90 of earnings per share. we're hopeful for a sizable beat we think that the stars could be aligning for volumes to be better, for pricing to be better, costs to be better and so we're hopeful, however like you correctly said, the stock is up 46% year to date a lot of the goodness in terms of what they are printing today and right now is already largely discounted in the stock. i think what is really more important and what we hope to get more information of over the next six months by the relatively new ceo who had been at home depot, we think that it is about the longer term structural margins of the company, the longer term structure all pricing power, that will propel shares above

200 over time. and we think the potential for that is quite strong with respect to near term and what they will print over the next ten minutes or so, we're hopeful for a sizable beat >> is there a much longer term, ultra long term, secular case to be made for companies like u.p.s. and fedex given what we've seen with the covid-19 pandemic and possibly future health care scares coming up in the years to come? >> yes, i think there is i think that it will depend on these companies' willingness and ability to price appropriately for the capacity that they provide to the market. and it seems, led by u.p.s., they certainly for the first time in over a decade have a management team that has a will to actually earn the capacity. but to answer your question a little more directly, today e-commerce sales percentage of total retail sales is only about 15% of sales

you know, what covid-19 has done has accelerated that had adoption curve it is growing at 15% annually every year.had adoptio curve. it is growing at 15% annually every year it is one of the biggest growth sectors in the world in our opinion. and u.p.s. and fedex sit right at the intersection of that. the key is that will they have the pricing discipline to earn proper return on that capacity and we think that covid and the new management team at u.p.s. as given them kind of a willingness and change in their tone in terms of going after pricing power. >> what is your favorite stock in the transportation sector >> u.p.s. and fedex are dominating our discussions with institutional investors here at deutsche bank. i think union pacific is one of the highest quality companies in all of industrials certainly one of the highest quality in transports. that stock is now down 0.7% year

to date. we would be buyers of union pacific as well. >> thank you very much and carol tome will be discussing the company's results on "mad money" tonight at 6:00 p.m. that does it for us. squawk box is coming up next ♪ you can go your own way

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good morning wish we'd just taken this week off. after almost 900 points lost in the dow monday and tuesday, more red arrows this morning. european stocks are down as well and u.s. equity futures 430 points of downwards pressure at this point all this after a rise in covid

cases, possibility of some lockdowns. do have corporate results, also an election upcoming soon. less than a week all in focus for investors on this wednesday, october 28, 2020, as "squawk box" begins right now. good morning, everybody. welcome to "squawk box." i'm becky quick along with joe kernen and andrew you roross so. take a look, you will see that we are down by more than 430 points right now for the dow that is a decline of 433 nasdaq down by 114 and this comes as a bit of a concern when you look at the addition of the declines over the last several