from -- they have bad press. [closing bell ringing] they have new cameras. looks like they may eke out a gain here. david: looks like we smite eke out a gain here on the dow as well. not necessarily the s&pp500. sort of a split decision. we'll be close to the flat line. we went through the flat line aboot 40 types today, up and down, the market went trying to figure out exactly what has in mind. that they will stick to the plan ending bond purchases this week or whether they extend that. ddw jones industrials and nasdaq posting a small gain, s&p, russell 2000 down, not by much. pretty close to the flat line. we have twitter earnings coming up. that stock could change as much as 14% after-hours. keep it here. "after the bell" starts right now. cheryl: get right to today's action.

we have alpine funds josh dietz, who says the u.s. economy isn't slowing down. how that will help your returns. chuck self says u.s. stocks will rise up to new highs by end of the year. dan stesich is coining us -- joining from us the cme. dan, i want to start with you. dealer's choice on economic data that we bring in tomorrow whether durable goods or case-shiller. what are you watching most closely? >> i'm looking at everything right now. i think the big one to watch is gdp out on thursday. that will give us the first glimpse what is going on in the third quarter. all indications that will be pretty good, above the 3% level. we have a lot. we have durable goods tomorrow. fed announcement on wednesday. and this is all these things we'll have to watch. markets are paying attention to fundamentals. that is why it is muted today because we have so much pogue on later in the week. david: chucks, are the markets stablizing here? >> yes, we think that the markets are stablizing. obviously we got close to the

10% correction line. we bounced back. earnings reports have been great. almost 80% of earnings reports have beaten and 60% of revenues have beaten. so it has been great earnings numbers. we expect that the markets are stablizing here to go to higher highs. cheryl: josh, one of the things destablized markets especially for most of october has been problems in europe, in particular the ecb people want more quantitative easing from them. you had the bank stress test issue over weekend. what do we make of that 13 european banks failed the stress test. >> i think it was positive, healthy incrediile stress test and none of the major european banks failed the stress test so we're ultimately quite positive. the next step will banks lend and corporations want to lend? we believe that is the next step. we read the imf put out their world economic outlook. they said the best way to start lend something through

infrastructure, because for every dollar they invest in infrastructure, it is $3 worth of output. we see that could actually happen coming up. it will act as stimulus for the european economy. david: dan, bring it back home to talk about the fed for a second here. they were supposed to stop their bond buyinn purchase this is week or announce this is the end. will they do that? because if they don't, if they say no, we'll continue bond purchases because we sense weakness in the market, this stock market could take off like a rocket. >> i don't think it will take off like a rocket. i think it goes theeother way. it means we have problems. david: hold on, hold on. let me stop you right there. that is very significant because so far every time the fed has come on and said, look, we'll make it even easier for to you borrow money, we'll ease our stance even further, the market reacted postively. you say the market would react negatively. why so now? >> i absolutely think it will be negatively because it means that the economy is not doing well.

if the economy is not doing well, the corporate profits will not be able to keep up. now it is interesting chuck mentioned this earlier. corporate profit and guidance have been positive. so they believe the economy is doing well but they can't o well if the economy isn't. i think you see a downturn. initially you might see a pop but i sell that pop. cheryl: also, josh, one of the things we see and bit of a concern for markets and brewing last week was the strong err u.s. dollar. while this could have positive effect for some businesses but certainly will not help oil. you think there is other side for strengthening dollar. looks like the dollar is here to stay at levels we're seeing? >> i think it is strong.3 dollar strength is here to say. ultimately commodity prices are cheaper, partly due to the strong dollar. ultimately we think that will act as stimulus for the u.s. consumer who has more money to spend on other things rather than gas. david: chuck, do you agree with dan? if in fact the fed comes back and says we notice weakness, we'll continue our bond buying

if that happens, do you think market would react negatively to >> well, yes because if the fed is seeing things that has not been seen in the marketplace then clearly the market would end up having another down leg. we don't expect that's going to happen. we think they're going to be done with it on wednesday and that they will just be waiting, maybe waiting a while before they take the next action, whether qe4 or increase interest rates. cheryl: also too, dan, forget this week. next week is the midterm elections. if you do have at end. day, dan, if we, tell me what this means if we have republican control of the congress at end of the day what would that mean for the markets? >> i think either way it goes i'm a little worried about it, everybody is assuming we'll get republican control and market will do all right. i think there will be a little bit of a disappointment might fall back. i will buy that dip.

getting things done.e start i hope thepresident will see that is signal to him they have got to get together, all three parties of congress three parrs of congress to say, hey, we need to go forward. let's get some things done. david: joshh i wonder if the market cares what is happening in washington these days whether it will affect the markets one way or the other? do you think it will? >> i do think they care about what is happeninggin washington and certaanly gridlock is one of the headwind for the market and economy. david: let me stop you there, josh. some ppople say that gridlock is good thing. when we have gridlock and houses divided politically it is good for the market. we've seen it happen in the '90s and various times in this decade. >> i disagree. major reforms need to get done. tax reform. highway spending bill which very haven't been able to accomplish. we have to end gridlock and work together. i think that would be ultimately

positive for the markets and positive for the economy. cheryl: chuck, we have a big week for earnings and particularly technology is at top of the plate. you have got a recommendation, first trust ipo, etf. tracking ipos on the market at least a thousand days. facebook is in there. general motors is innthere. are you bullish on tech? >> yes, we are. we believe that three things are happening. one that cyclical growth of the economy is pushing tech ahead. and then secondly, since the recessions, the recession, we have underinvestment in capital spending including technology. that is starting to see acceleration in spending. finally there is consolidations going on in the technology space. so, fund like the first u.s. ipo trust fund and the first-hand technologyyvalue fund can take advantage of those.

david: all right. gentlemen, hold on a second. you will all want to chime in on this one. i know dan stesich is. we have twitter numbers out. they don't look good. ashley webster, give us the numbers. >> all right, david. eps is right in line with estimates on one cent earnings per share. reveeue coming in 361, beating the estimate of 351.44. as you can see the stock ii down more than 10% down in after-hours trading. so we'll get into this. the key is those monthly active users, the ma offs up 2424% in3 the last quarter. -- 24%. we're going through the numbers down, david. certainly headline numbers are a match on eps and beat on revenue. >> 284 million, ashley. that is what we're seeing. that is big jump, ashley. that is stronger number than any of us would have expected. >> which is about in line with consensus.

twitter guided 330, 340 million on revenue which was a huge sandbag number. that revenue number, 361 handling beating estimates of 531. david: nevertheless, bottom line, look what is happening with the stock, dan stesich, after-hours, we have 10, 11, 12% drop after-hours even though it appears to be beating on numbers. what is going on with twitter? >> somebody is seeing something behind the number, david. not sure what it is. we'll have tt read to it see what happens but what is interesting in all the numbers we've seen, when people miss they get hit hard even though it hasn't missed. the market hit hard. and keep eye on market next three or four days and buy it three or four days from now once the dust settles. >> david, i want to say real quick,,that monthly active user number they thought it would fall because they have gotten the world cup push that ashley had mentioned. it is a strong number.

david: very strong number. beat on top and bottom line. one of the possibilities here is that it could be including some% people who were not signed in into service look at tweet. we're not sure whether that happened but there ace reason why this stock is falling after-hours. although we should say it is shoring up little bit as we continue on here. coming in just a moment. he is an expert in twitter. he will tell us why these numbers are doing what they are doing. cheryl. gentlemen, thanks to all of you. really appreciate your time today. >> thaaks for having us. david: big market moving event is wednesday the fed decision. we want to know what you think about it. will the fed stop the bond-buying program this week or surprise wall street with more buying? send us a message on facebook or tweet us @fbnatb.

cheryl: david mentioned it is little better. they met all the estimates. we'll go behind the numbers to see why there is such a drop. david: do doctors all over the country prepared to handle ebola cases? do they favor mandatory quarantines that seem to be ending today's session? we go live to ebola training center coming up. cheryl: we have states versus the white house on ebola. elections and economy. apple pay backlash and threat from china's housing market. our banks and wheel debate all the topics. we bring in a all-star panel coming up ahead. ♪ (receptionist) gunderman group.

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david: twitter shares are down 8:00 percent following results. cheryl: let's head back to nicole petallides at floor of new york stock exchange. nicole. >> cheryl and dave, we're seeing stocks to the downside. trying to delve through all of this. monthly active users were third quarter. the that was an increase of 23%. the numbers actually came in, earnings per share were in line at one cent. revenue beat. you have revenue came in 361 million versus estimates of 351 million so that is some good news there. closing value 4and change. bid-ask is 40 -- $44 range. guidance is question. revenue of 44 to 450 million. that is what everybody is looking at. the fourth quarter guidance is weaker than some people would

have liked. i saw estimates of 448 to 440 to 450 would surround the 448 mark. if it is 440 it is well below the 448 mark and that's why. ultimately guidance going forward people are looking at. that is one of the reasons peoppe are seeing twit toward downside. david: nicole petallides thank you very much. let's go to phillip van duesen. he joins us by phone. you would think the positive numbers, beating on top and bottom line, having great user numbers, would you think that would trump forward guidance, but i guess not. why? case.don't think so in this this stock traded higher after last quarter a earnings. we saw upside was limited given valuation of twitter after the fact. -@this is a company trading 150 times next 12-month earnings and 30 times ev to sales. we think, company was overvalued boeing into the print and i think barring anything, anything

really surprising on the growth side of things we're not surprised to see the stock trading lower. cheryl: you're saying not so much something in the earnings there is reaction to that the stock is actually higher by 19% last three months, up 30% over last three months and been on a tear and valuation is too high. fair enough. what bin international story? i was looking at numbers for international revenue, 121 million. they really kind of emerged globally with the world cup. do you think they have been able to hold on to that in the numbers you're seeing right now? >> yeah. from what i'm seeing this is spots them gaining traction in the international market. some of our chief concerns have to do what is happening domestically. so i think they will be able to have strong growth in the international markets going forward. so that is a bright spot. i think valuation is the main concern here for most people and that's why you see the stock trading lower. david: let's talk about their income.

they're on line to get about a billion dollars worth of ad revenue over the next year. that sound like a lot of money,% considering they were getting zero a year-and-a-half ago. >> right. david: is that, are you taking that into account when you're saying that it is overvalued, or are you looking for more revenue or what? >> yes. i mean that's, we're talking about forward estimates. i'm talking about 150 times next 12 month earnings. that is based on consensus estimate we're looking at so absolutely. we're certainly taking that into accounn. cheryl: what are the biggest concerns for larger perspective from twitter, that the millenial generation is not using twitter as much. they're finding other things. are you worried about that at all? because if they don't have users there long term you don't have a stock that will keep performing long term? >> that's right. you don't want people to advertise on your platform. that's something we're watching out for. i mean we've done some surveys where we see millenials are moving away from twitter and on

to snapchat and instagram. that is definitely something that we're cautious of but internationally they could make up for that. david: by the way our own charlie brady said this stock would trade up or down 8% depending what happened. almost exactly 8% down. once again charlie brady nailed it. thanks, phillip van duesen, director of research joining us by phone. cheryl: interesting he mentioned snapchat and instagram where all the kids are going. david: fickle is what describes their pattern. cheryl: white house pressures states not to quarantine medical workers returning from west africa, the obama administraaion may be at odds with its own military on proposed quarantine rules. peter barnes gives us d.c. reaction to the situation coming up next. david: we'll hear from medical experts where they stand on quarantines and best prevention method for ebola at a ebola preparation convention. cheryl: what a with oil prices

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cheryl: wealth u.s. military is now recommending 21 day quarantine for all troops returning from west africa, a move the administration has been arguing against. david: peter barnes is at the white house with the story. peter, it is like, good for one group not for another. >> a lot of mixed messages on all this, david and cheryl. that is complicating administration efforts to try to get new jersey and new york to reverse their mandates for

21-day mandatory quarantines for health care workers returning from ebola-ravaged countries and it is complicated in part because the u.s. army and the white house seem surprised by this today, decided on its own to impose a 21-day quarantine. it is calling it an isolation for army personnel returning% from these countries in africa, but the joint chiefs of staff at the pentagon is recommending a 21-day quarantine to defense secretary chuck hagel for all military personnel that go to africa. he has not yet made a final decision on that but, despite all of this, the white house said today, kind of acknowledged that it probably has very little power to stop the states. >> in some ways you can take this up with james madison, right? we have a federal system which states are, states are given

significant authority for governing their constituents. that is certainly true when it comes to public safety and public health. at the same time i think that you have seen a strong working relationship between states across the countryyand the federal government. >> and, cdc director tom frieden just finished up a conference call with reporters announcing some additional guidelines for people possibly exposed and infected with ebola including high-risk ones such as health care workers who have been working with ebola patients in africa and he said that the cdc is recommending just direct active monitoring and home isolation for health care workers in this situation because, if there are quarantines, mandatory quarantines, he saii, quote it could turn them into pariahs. and no one wants that. david and liz, excuse me, cheryl. a complicated, shifting policy

issue here. back to you. david: can't make up their mind is bottom line. cheryl: paul barnes, thank you, peter. >> thanks a lot. david: when it comes to ebola just how prepared do doctors feel and is a mandatory quarantine the right way to deal with folks exposed to ebola? cheryl: jeff flock is getting answers in an ebola training meeting in chicago. jeff? >> it is actually 6,000 of the nation's top emergency room doctors. there are simulated emergency rooms here. probably not a good day to be in the e.r. because all of the doctors are here in chicago. i have two experts with me, a doctor from university of alabama and a emergency room doctor in lexington, kentucky. i have to ask you first, dr. pigot, quarantine, yes or no for the health ccre workers coming back from west africa. >> i'm going to say not quarantine but i think close home monitoring with twice daily temperature checks absolutely. >> administration has it right

as far as you're concerned? >> we should mirror the standpoint of the cdc who says, yes, these people need to be monitored. they could be monitored safely at home and get their temperatures taken twice a date. these are responsible health care professionals and it's a reasoned approach. >> dr. stanton you serve in a hospital in lexington, kentucky. you are worried about the flu season. you have people coming in with the same symptoms of ebola thinking they may have it? >> it will confuse and grade a situation whole bunch when we get flu season, seeing similar type symptoms. especially if you get a few more cases here in the united states of which is which and how do we catch it early. >> if it wasn't forchilliing effect on health care professionals going to serve in west africa, would you call for a quarantine? >> i would still not call for a quarantine. the thing is you don't need our health care professionals, these people are heroes coming back from africa, treated like second class citizens, undergoing

parking lot. >> you're not worried about them potentially, if you're not symptommic you're not contagious, if i'm not contagious if i'm five minutes away from getting a fever? >> the people that are really contagious are people in late-stage disease. people living with and traveling with -- >> not so much when i first get it. >> are not symptommic. >> doctor, thank you. dr. stanton, thank you very much in ffu season. felt not as more secure today felt surrounded by 7,000 emergency room doctors. these are all doctors. cheryl: rest of us don't feel good across the country. hopefully none of us go to the e.r. toniiht. david: bad day to go to the e.r. they're all in chicago. thank you, jeff. millions americans made one big investment mistake fueling income inequality in america. they bought high and sold low. have they sworn off the market for good? we'll debate that coming up. cheryl: oil continues to slide hitting a 28-month low.

we'll call for analysts who is dead on calling for $80 a barrel oil a month ago. where will it go now. david: he knows. retailers saying good-bye to apple pay. who is it, and why are they swearing off of apple pay? it looked so good. i had 3 diffe) e*trade offers roller option i had 3 diffe) and a retirement planning calculator. now i know "when" i'm going to rete. not "if." hard it can be...w ...to breathe th copd? it can fl like this. copdludes chronic bronchis and emphysema. spiriva a once-daily inhaled... ...copd maintenance treatment... spiri...that lps open my inairways for a full 24 urs. you know, spira helps me breathe easier. iva handihaler tiotropium bromide halation powder does not place rescue inhalers for sudden symptoms. tell your doctor if you have kidney pblems, glaucoma, trouble urinating,

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cheryl: we continue to follow breaking news of twitter's stock and that stock is continuing to plummet after-hours despite posting better than expected revenue and very strong user growth.

the company projected fourth quarter revenue of 440 million and 450 million. in holiday quarter versus expectation of around 448 million. we'll see, david, how the stock opens tomorrow. david: what a surprise. from ebola to china to bad timing on stocks our panel is ready to weigh in. first up a new fed study proving what we all knew in our bones, that average middle class investors time the market very badly over the past 15 years. they bought high and they sold low but the top 10% of investors, surprise, surprise, they nailed timing, increasing that divide between the top and bottom or the top and middle class. joining us tracy byrnes, anthony ren dozen sew, reason director of economic research, bob iaccino, chief market strategist. good to see you all. lady, let me start with you. have americans soured on the market because of this? >> what we saw, the middle

market needed fund they had invested to live. i don't know if the rich timed it. they didn't have to pull their money out. they were able toosurvive what they had at home. middle america burned by tech bubble, housing bubble. david: will they ever come back to stocks? >> they have to if they're not goinggto retire and not support them on the tax dole but i think they're scared to death. david: anthony, if you're concerned as janet yellen and paul krugman about the divide between rich and poor i have an answer. of ronald reagan. back in the 1980s he had across the board tax cuts for the rich all the way down to the poor. everybody got a tax cut. look what happened after 10 years, the bottom 20%, the poorest americans, their wealth increased by about 12%. the top 20%, their wealth increased by about 12%. so, if you want to make things even-steven, how about across the board tax cuts? >> i don't know we'll ever get economy is not like it was in's.

the '80s but makes perfect sense more money middle class americans have in their pockets, easier it is for them to invest and get back in the markets. as to how much this actually really, this gap that affected income inrequality, i think more important thing to look at returns on education are increasing and that is driving any kind of gap. what we saw in a lot of this data that people with better educations were, they were more likely to say, i can ride this through whereas people with lower education didn't. the better eeucation you have, the better paying job you get, more money you can invest n the first place. david: 20 seconds on this, bob. @ou are closer to the heartland than any of us living in chicago. cme guys know how middle america thinks. are they soured for good on the market? >> i don't think they have soured for good but i think we

lost another generation. anthony said, two levels, not just get a better job but get better education. once we reach stockkmarket, people call that as cash. you're a market-timer if you're in the stock market. if you retire in 2007, 1500 on s&p. march of 2009, 638 on s&p. who is timing what? david: don't count paper wins or losses, count the cash after you cashed out. letts talk about the elections. apparently it is all about the economy, at least 91% of the people think about the election according to new ap poll. anthony, housing and stocks are way up but most americans don't feel better. the money that they have doesn't seem to go as far as it used to. >> that is because the job @arket is not any better. that is really what is going on here. when people say they're worried about the economy, they're worried about the labor market. they don't say it this way but worried about labor market participation rate continuing to

incredibly historic low levels is something talked about all the time and that is what is important. stocks are up and housing is rebounding but that is not affecting people's pockets and they're blaming the party in power. david: bob iaccino, the real income, the real income has gone down for most americans. it is affecting their views of the election. >> the productivity curve is flattening out a little bit as well. that can point to the whole wage growth argument f people aren't making more money for the product they're putting out, they get discouraged, don't work as hard. we're still going up in productivity but not like we did in early 2,000s or 2008 or so. productivity was increasing at a steep rate. that has flattened off a little bit. that will not help wage growth this is big mess because of fed policies and government policies and long-term view on those policies is not helping. david: trace, bob summeddit up. it is all one big mess. that is the way most people see it. the ecooomy if you have to single out one thing but also the disorganization of

government and what is going on here. >> i think women, minorities, low-income families were promised the sun, moon and stars when president obama took office. it has aken a bunch of years but they're starting to realize it is not happening. they're disheartened. they will not come out and vote, david. they need something right now to get them out there and no one is encouraging them to do so. david: we have to hit ebola because it is in the news. the white house pushing back against states that started their own forcible quarantines of medical workers. tracy i ended with you i want to start with you on this one. the fact on friday the governor of new york, cuomo and governor of new jersey, christie, both were absolute. they said look, voluntary quarantines don't work. therefore we have to impose quarantines. they backed away 180 degrees from that position today. what happened? you. >> know what? i don't know because as resident of new jerssy we were like hands in the air, whoo-hoo. this is good thing. at least protect us if no one is protecting the country right now. it is politics, david.%

it manies about politics at end of the day as opposed to david: anthony, you're a libertarian anthony. i tend to be libertarian as well because i think local government really knows what their people think much more than federal government. the fed are very far away from the localities. shouldn't we listen to the state governments rather than ederal governments? >> this definitely is a case where state by state let them make decisions. that being said, the laws of probability here are that it is incredible difficult to catch ebola. monitoring seems like it is perfectly fine. we don't necessarily need to be quarantining everybody. while i concur, local government should make the decisions let state by state protect their citizens, that doesn't necessarily mean cuomo and christie are right in automatically quarantining individual when they come back into the country. david: bob iaccino, there are two things here. first of all i said the i believe state governments more than the fed governments. secondly we tried the voluntary quarantines, they didn't work. remember the crew from

television, said we'll quarantine ourselves. they went out to the malls and shopped and did all sorts of things. shouldn't you have some mandatory quarantines? >> well, illinois is one of the states as well, right? we did a little lower pitch of a whoo-hoo than they did in new jersey. that is one of the responsibilities of government but this particular case is the responsibility of state government. their main role is to protect the citizens of the country from invasion but i just don't think it is the federal government's role at all. i think state by state is it fine because those governors will be responsible. you see governors, even in democratic states like illinois, a blue state, we have those quarantine rules in place. it is not a political thing by party. people want to stay in office. so they want to protect the voters. david: gang, we like you all so much, we want to you stay over for another segment. more of our panel coming up. why are more retailers dumping apple pay? we thouggt it was a good thing. could china's housing market derail our own banks.

first, cheryl to. >> we'll talk about oil, prices tumbling to 28-month lows, weighing on energy companies. coming up we'll ask how low can prices go. what does it mean for all of your investments? we'll be right back. ♪ synchrony fincial rtners with or two hundred thousand businesses, from fashion retailers to healthcare providers, from jewelers to sportg good sres, top thr customers get whatthey banking.oyalty. analytics. synchronfinancial. enga with us. there was nostion she reminds u evy day.e. but your erectile dysfunion-that could be a queion of blood fw. cialisor dailyse lpyobe rdy anytime the moment is ght. u n ore confident in your ility to be ready.

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with tracy byrnes, anthony randazzo, bob iaccino. bad loans are starting to spike for chinese lenders. couple that with the ssowing economy. it could spell spell trouble for the banking system. want to go to bob first on this we have big banks, nomura, pnb paribas, we've got hsbc. a lot of banks invested here if things turn sour in china, right? >> well, i am going to be a little cautious here say i'm not terribly worried about this yet. i would like to see, i see couple more i will get concerned. accumulation of risk by western banns was so curtailed. based on regulations. that is good to know.

david: lit me bring tracy here. she is an accountant. -- she knows how to count. we have the quote from the managing director of kroll, saying in china nothing appears as it to be how can you trust chinese. >> we are intrinsically skeptical you. >> and i invested, tracy. >> they don't audit their own financial statements. the government looks them over, okay and pass them on. the rules in china make no one trust them. i think it is a house of cards waiting to fall. david: which leads us, anthony, alibaba is listed on our market even though they come from a system where nothing can be trusted. >> here is thing anything related to china. i'm concerned if i'm a -@shareholder of bank if we're t invested in china we're not invested because there are some lucrative opportunities but this

is important, you have to have a deep staff involved in the countryyand that staff has to have outsized influence on investment decision nooice country. you should be invested some way if you're a shareholder but obviously is caution is important. david: you have to be very cautious. apple pay, when we first heard about it, oh, my goodness, all retailers will go for it. guess what? rite aid and cvs disabled the service over the weekend. they're not alone. targets, walmart, kohl's, they refused to accept apple ray. what is going on here? >> you remember the blu-ray, dvd battle? eventually, blu-ray won out there. this is behind the scenes and who will be controlling the structure of mobile pay. apple's got these iphones everywhere. ubiquitous. so they think they have a leg up lear but these merchandisers, i3 you're a retailer, you want to limit the fees you're paying to credit card companies. if you can develop a way to get past them, apple is going with the credit card companies. if you get around them with some

system you will incredibly lower your costs. i think that is what is going on. david: tracy? >> a little bit of it, apple's system is much more secure. which means, cvs, walmart, they can't gather information oo all of us. the day.what they want at end of they want data and can't get it with apple pay. david: bob, i think it business security. don't you? >> i do. this is another one where i'm not seeing massive move in the apple stock off this move. i think apple pay is not expected to be massive part of apple's earnings the next two or three years. anthony is saying i need to get rid of my betamax machine. >> think about it. david: great stuff. tracy byrnes, anthony randazzo. bob iaccino, wonderful. thank you very much. gang. cheryl, over to you. >> david, i don't know if you saw this earlier? an invention is helping paraplegics walk again. "varney & company" demonstrated the machine earlier today. you will not believe your eyes. we'll show you how it works

coming up. fa dal gait was predicting oil in the low 90s couple months ago. where will it go next? we'll ask him coming up. >> i'm gerri willis coming up on my show at top of the hour. a war over your digital wallet. big retailers reject apple pay. what about consumers? will retailers give you what you want? that is one of the big consumert stories on "the willis report" coming up in a few minutes. in reality they're not. aentureere to be put under a microscope, cthat still existseri on the denture, d that bacria cleaningith polident everyday. ltiplies vy rapidly. at's wd polide's unique micro clean formul works in just 3 minutes, killg 99.99% of odor caususinbacteria. for a a cleaner, fresher, brighter denture everyday. it's monday, with centurylink visionary cloud a brinfrasucture,.

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cheryl: oil prices tumbled below 80 bucks to a 20-month low because of concerns of lackluster demand and booming oppenheimer's fadel gheit predicted $08 oil 12 months ago. he was right, david. david: he was spot on. oppenheimer managing director is here. you said oil would be in the low 80s. you were right on. what will it be a month from now. >> probably the same trend will continue. oil prices are under tremendous pressure and nothing really changed from the days, the few weeks ago when oil prices start going down. oil prices have been enslaved

for last four years and we're paying for it. oil companies are paying for it. i do believe that oil prices will probably be closer to 70 next year than they are closer to $80. cheryl: interesting you say that because one of the reasons we saw some pressure today was this goldman sachs report. they basically said that, yeah, 75 bucks a barrel for 2015, at least the first two quarters. you're saying 70s. you're coming in below goldman sachs but do you agree with their assessment we have more supply we need from non-opec countries and that the shale oil revolution is really the game-changing component here of lower oil prices for many years to come? >> well, actually, that is what we've been saying for more than a year. so, without making any reference to any other firm, very simple. oil prices collapsed because oil prices were inflaaed to levels that are unsustainable because

the replacement cost is close to $65. the oil industry does not need $80 oil to continue production growth. if we get anything above $70 i think the oil industry will be a lot better with $70 oil than $80 oil because the backlash from very high oil prices is that capital spending will go into projects that are really not economic at lower oil prices. david: fadel, forgive me for interrupting, we don't have much time. got to ask you this question. why then are the saudis pumping more oil as the price is going down? one would expect them to pull back a little bit, they're pulling back a tiny bit but they're still pumping a lot of oil. are they trying to kill the u.s. oil fracking? >> exactlily not. absolutely not. david: what is it, china and russia. >> russia and iran will two countries will likely take market share from saudi arabia

longer term and there is proxy war between saudi arabia and iran going on for the last two years. so saudi arabia will use everything to basically contain the iranian, you know, spread of power into this part of the world. and obviously russia too. cheryl: fadel gheit from oppenheimer, always great to talk to you about this topic, thank you for being with us. david: thank you. a machine that helps paralyzed people walk again. we'll show awe video on fbn. unless you have a heart f stone, you will cry a little. >> tears in your eyes. weell head back to the cme to give you one thing to watth for tomorrow. ♪ can you start tomorrow?

right.r. let's she the news tomorrow. today failrly busy. tomorr we're booked lid. we close on the house tomorr want one of these openup. becau go live...

we close on the house it's a dayull of promise. and often, that day arrive by train. big day today? evenigger one tomorrow. whensx trains move forward, so does the st of the econom big day today? csx. how tomorrow moves. we asked people a question how much money do you thin you'll nd when you retire? then we ga each person a rin hoto show how many yearsin yothat amount might last.? i was trying to like, pull ilittle fther got me to 70 yrs old i'm going to have to rethink this thing it's hard to imagine how much we'll need for a retiremen that could last 30 years or more. soaybe we need to apprch things differently, ife want to ready for a longer retent. that could last 30 years or more. ♪ david: a company that builds exoskeletons to help paralyzed people walk again joined fox business earlier today.

the cofounder joined varney, accompanied by shane moscow, who demonstrated exactly what this machine can miraculously do. >> how are you feeling? >> great. incredible. >> feels good to be standing up. >> definitely. >> do it. >> okay. first step. >> yes. that worked. >> you know, our stage manager austin was on the set when that happened. you could feel the vibe in the room. >> i was watching it live. it was incredible, incredible that moment. anyway that was "varney & company" from today. he will be back tomorrow 11:00 a.m. eastern time. we asked all of you whether you think the fed will stop the bond-buying program this week? here is what facebook told us. fear and deflation may well continue this expansionist policy. david: time for number one thing to watch.

let's bring baak bob iaccino. i can never pronounce this, tithes partners? -@>> tethes. david: make it easser to pronounce. what could are you watching that could impact today's markets, bob? >> i think it is appropriate to have fadel gheit on before. it is oil and i've been watching. we called for $75 oil on october 17th for 2015. i don't disagree it will touch 70. our call for 2015 is four to five dollars higher. the key point what fadel said, i agree with, everybody should agree with it. saudi arabia is not taking after shale oil in u.s. there are different grades of oil. blend some bakken into louisiana light. but you can't take a half a million dollars of sludge in saudi arabia turn it to something useful. saudi arabia has russia in their sights. that will keep pressure on oil

prices and keep it on brent. wti will keep going until economics don't make sense. those that are drilling already will pump. david: bob, thanks very much. >> "willis report is coming up next. thanks for being here. david: we'll see yoo tomorrow. gerri: welcome to the "willis report." we begin tonight with break news. the cdc just announcing additional ebola guidelines. the agency introducing four new categories of risk from high-risk, those with direct contact with patients in west africa, to those with no identifiable risk. with more, peter barnes at the white house. peteer? >> that's right, gerri. what the cdc is trying to do here is categorize levels of risk depending on possible exposure to ebola patients. and then appropriate responses. it is recommending appropriate responses to those less of risk. as you mentioned, the top risk here is the high-risk categy,