i drove normal people away from them. >> lou: all right. thank you for being here. great to have you with us. thank you so much. >> always good. thanks. >> lou: thanks for being with us. good night. >> it's being investigated and being looked at very and they'll be severe punishment. lauren: how severe over disappearance of jamal khashoggi and how it could impact global economy? cheryl: weaker economic outlook could waive the way for volatile market. dow is down 189. s&p down 3 quarters.

lauren: nikkei in japan is down almost 2%. cheryl: taking a look at the action in europe, red across the screen. lauren: oil prices are climbing higher, we are looking at 71.70 a barrel and we continue to monitor the price of oil as we monitor developments of u.s. and saudi arabia over missing journalist. cheryl: final sale for sears, 132-year-old company filing for bankruptcy overnight. what is next for who was once the nation's top retailer. fbn:am starts right now. ♪ lauren: 5:01 a.m. in new york, monday october 15th, good morning, everybody, i'm lauren simonetti. cheryl: good morning, everyone,

i'm cheryl casone, another jam-packed news weekend, we have pastor back, we have the president in front of the cameras. lauren: political news and business news, sears filed for bankruptcy protection, the company was a giant at one time for over a century they've been struggling to reverse years and years of losses under massive debt as more and more people shop online, sears who owns kmarts plans to close 132 more, billionaire who bought the company 2014 says turnaround efforts have fallen short. let's take a look at shares of sears obviously lower, 34 cents, if you think that's a lot well, this paints story, they are down 88% this year. cheryl: we will be talking more with our guest coming up.

to this story, president trump issuing a stern warning to saudi arabia, the president says the u.s. will be very upset and angry if it turns tout missing saudi arabia jamal khashoggi was murdered. disappeared after visiting consulate in istanbul more than a week ago, here was the president last night on 60 minutes. >> this man was a reporter, there's something really terrible and disgusting about this if that were the case, we will have to see. we will get to the bottom of it and they'll be severe punishment. lauren: saudis have promise today retaliate if there's any kind of punishment, white house chief economic adviser larry kudlow says the president will not back down. >> take him at his word, if the saudis are involved, if jamal khashoggi killed, harmed or whatever bad outcome here, he will take action, that has been

his strategy, believe what he says. lauren: saudi arabia's stock market plunged yesterday, it was down 7% at one point before recovering for a loss more than 3%. cheryl: again, we will talk more about market impact about saudi issue, now to another market story, this is china, president trump threatening another round of tariffs on beijing in that same interview on cbs60 minutes. >> you slapped a lot of tariffs. >> $250 billion. >> going to do more? >> might. >> are you trying to push them into a depression? >> no, no, although they are down 32% in 4 months which is 1929. >> that's what i'm asking. >> i don't want that. i want them to negotiate a fair deal with us. cheryl: china's ambassador to the united states on fox news sunday explaining beijing's position. >> it's important to know who started the trade war, we never

want to have a trade war but if somebody started the trade war against us we have to respond and defend our own interests. cheryl: so far the u.s. has imposed 3 rounds of tariffs totaling $250 billion more to come. lauren: threatening more. president trump to visit areas in florida and georgia devastated by hurricane michael, death toll risen to at least 18, florida governor rick scott laying out his plan after visiting some of the hardest-hit areas. >> number one search and rescue, number two, make sure we have food and water and fuel out, we have to make sure everybody knows where it is. number three, generators out to all counties to make sure they can get stoplights on even though they don't get power back on. lauren: that happened late yesterday, live report from panamá city, florida in just a few moments.

cheryl: well, earning season picking up right where it left off on friday, big bank, bank of america profit jump nearly 30% with revenue climbing nearly 3%, jp morningan, citigroup and wells fargo reported sharper profits last week, investors will be watch to go see if rising interest rates have now affected demands for new loans, shares of bank of america down more than 3% this year. lauren: we have all bank earnings on friday but they didn't really light the fire on wall street, at least that sector. cheryl: still demanding. lauren: multimillion dollar merger to shake up defense industry. cheryl: we used to call merging markets are back? >> i think so, they will come together in largest ever defense merger estimated 15 billion-dollar deal, the combined company would create a

bigger play ner military communications and electronics with product range including military radio top secret space hardware to air traffic control systems, this comes at a time when the pentagon looks to increase investment there and looking for quicker weapon's development. lauren: we know that elon musk likes to engage in smoking when he's talking to hosts of news programs but he might like to do some drinking as well? tracee: apparently, elon musk appears to be serious about getting into the tequila business, musk filed legal paperwork to develop a tesla-brand tequila called teslaquila, he even tweeted teslaquila coming soon. elon was passed out by model 3, the tracks of dry tiers visible

on cheeks, we will have to see if this makes it to the store. cheryl: you want to find it fun you but after all problems tesla had particular with him on twitter -- tracee: he should be focus on other things. cheryl: he's not the next george clooney. tracee: venom continues to hold the top spot. >> we cannot just hurt people. >> what do we want? tracee: spider-man spin-off $35.7 million, a star is born will continue to shine in second place for its second weekend in a row with $28 million, opening in third this weekend, first man with a lackluster 16-point r5 million, ryan gosselin as

armstrong and controversy they would only it the moment that they would plant flag in the moon, goose bumps and clock on its walls. lauren: tracee, thank you very much. cheryl: megyn merkle is pregnant, the baby been the seventh in line to british throne, the couple is currently in australia in first overseas tour. lauren: congratulations to them. cheryl: good for them. lauren: coming up later this morning, she's been champion of me too movement and hillary clinton still standing by her man. >> in retrospect do you think bill should have resigned in the wake of monica lewinsky?

>> absolutely not. lauren: an affair of most powerful leader and intern was not abuse of power and tensions over saudi arabia's role in disrappance of journalist are escalating, should we be worried about oil producers will respond and just how much damage can saudi arabia do to the global economy, let's take a look at your money this morning, nice 287-point gain on dow on friday, it's giving 168 points back, nasdaq futures down 95, you're watching fbn:am. ('god's whisper' by raury plays)

cheryl: breaking overnight, sears filing for bankruptcy protection, years of losses and a lot of debt, would the company vanish in retail history like toys"r"us? david joins us, good morning, david. >> good morning. cheryl: well, it's a rough filing but it's not over yet, eddy lankford really wants to turn the company around, underbank -- under bankruptcy

protection, is this going to be the same as toys"r"us? >> you're getting close to toys"r"us liquidation, major manufacturers not sell to go sears anymore, whirlpool being the example. at this point in time they've got the 300 million in dip financing which would carry them possibly through the holiday season, however, it's going to be tough for sears given competition from home depot, lowes, target and wal-mart eating major core customers. cheryl: i was going to ask you who benefits from this, the money folks think of themselves, they employ 70,000 people, that's the rough side of the story, jobs going to be lost but at the same time whether it is a target or a wal-mart or an amazon, how much can they pick up from sears at least on the toy side because i know the appliance side is different? >> right, you're already seeing home depot and lowes positions for appliance side, tall other

retailers are looking at merchandising side, you're looking at online retailers such as macy's or dsw that are fantastically job, obviously wal-mart going after the toys aggressively this season. so i think it's going to be very difficult for sears especially now with the consumer understanding that sears is in bankruptcy always creating negative light on retailers. cheryl: all right, we will get retail sales numbers out today, estimate up, we shall see if that gives a little bit of jolt to the stocks, we saw sears in premarket under a lot of pressure, real quick, do i want to ask you about this issue with the saudis because there's call, front page, if the sanction goes into effect, if we do see pressure on the oil market output of saudi oil, if there are new sanctions on the backs of possible death, likely death of the saudi journalist in

istanbul, this is the general manager of saudi television saying, you will see $400 a barrel for oil, it would be the worst disaster ever, what does that picture look like to you if we do impose sanctions on the saudis? >> well, obviously you're seeing that gas prices are already up 17% year over year, you get 150, 200-dollar price of oil all of a sudden everybody who is driving in big suv's when gas was 250 a barrel, 250 a gallon, the suv is still economical, 5 or $6 a barrel, you'll see major economic shock to the system, you know, the consumer, the average everyday consumer who is driving an hour back and forth to work is going to start to really feel that, you're already seeing prices for stock prices of the major manufacturers, suv, mercedes benz, ford, gm, you're starting to see the pull back

for the consumer from that side. cheryl: interesting, more of an energy and gas price story versus what would be possible tariff story. well, it's great point whether he recollects leave it there, thank you for being with us this morning, appreciate it. >> great to be here, thank you. lauren: still ahead midterms 3 weeks away and republicans are betting on pocketbook issues. >> history is against us but we are going to beat history, why, look at what we've done with the economy? lauren: will a rocky october, shock october lead to bumpy ride to republicans, there might be a fix for that, stay tune. cheryl: maybe. lauren: look at this, dow is down 150 points this monday morning, s&p is down 18, nasdaq is down 76, we have a lot of data coming out earnings and retail sales, stay tune.

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lauren: happy monday to you at home, let's get you caught up on what's happening now, we are seeing selloff that morning looking at futures, nasdaq is down one full percentage point. german chancellor angela meekerle have lost majority in parliament after regional election, christian social union, 32% of the vote, party's worst performance in just about 70 years, outcome likely to affect merkel struggling government.

president praising mcdaniel's fundraising achievements, meanwhile there's this, president trump fueling speculation that defense secretary james mattis could be stepping down. >> trump taking a shot at mattis saying he's a democrat. >> he's sort of a democrat to tell you the truth, he's a good guy, he may leave, at some point everybody leaves. lauren: president trump went on the criticize mattis knowledge of nato saying that he knows more about the alliance than mattis does. and hillary clinton says her husband infamous affair with monica lewinsky was not abuse of power, in an interview clinton firmly stood by her husband. >> it wasn't an abuse of power? >> no, no. >> there are people who look at the incidents of 90's and say a president of the united states cannot have a consensual

relationship with intern. >> who was an adult. lauren: clinton denied playing a role in criticizing the role of women who accused husband of misconduct. cheryl: 3 weeks ahead of midterms, she's getting beat up on social media over comments. we have a lot more coming up, folks, is it the last chapter for sears? the company's bankruptcy filing means for the future of brick and mortar retail. wal-mart employees take a seat, how the company is coughing up big bucks to cash ires and we are come baccalaureate a little bit, we are down and we are down 136, a lot can happen before 9:30 eastern time. nasdaq down 65 and a quarterment you're watching fbn:am.

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>> it's being investigated, it's being looked at. >> strongly and we would be very upset and angry if that were the case, we will get to the bottom of it and they'll be severe punishment. cheryl: how severe would the fallout be over the disappearance of jamal khashoggi, president trump hitting hard after saudi arabia threatened action against the united states. lauren: tensions plus trade concerns could pave the way for another week of volatility, u.s. stock market futures off the lows of this hour duh down 126 points on the dow, 65 on the nasdaq. cheryl: pressure in asia overnight, all major indices in red in particular nikkei taking the hit. lauren: global selloff happening in europe as well, paris market, french market, the german market has turned higher, the dax is up 7 points. cheryl: oil prices, we continue

to watch the effect between saudi story and interest rate story, crude is up more than half percent right now and real quick let's take a look at 10-year treasury. 3.15%, basis point lower this morning. lauren: is it the financial sale for sears, more than 100-year-old department store filing for chapter 11 bankruptcy, what was next on the nation's top retailer, fbn:am continues right now. ♪ ♪ cheryl: coming up at 5:30 a.m. in new york, monday it is october 15th, we are halfway through the month, good morning, everyone, i'm cheryl casone. >> good morning, i'm lauren simonetti. i thought you were going to say halfway through the week, cheryl, it's only monday, it feels like a monday. cheryl: does feel like a monday, a lot going on.

lauren: all right, we will get more with the sears story, happened overnight, struggled with years of losses, massive debt, it's official, they have filed for chapter 11 bankruptcy, art hogan, he joins us now, good to see you, the writing was on the wall with sears, they haven't had a profitable year since 2010 and, yes, we are in the amazon age, didn't we see this coming? >> yeah, it's not even amazon when you think about sears, they have been around forever, at one point in time the largest retailer, everything from automobile parts and tires and craftsman tools, they had houses, sears craftman houses in 50's, wal-mart was really what knocked sears out of its lead then, sort of the dawn of

internet age and amazon. here we are in a marketplace where they still have 700 stores and thousands of employees and how to figure out how it works with combination of amazon and wal-mart. lauren: eddy lankford really never put a lot of money to making stores nicer or e-commerce, what did eddy lankford do wrong after merging with kmart over a decade ago to turn the company around? >> it's interesting, the argument can go either way, maybe he did everything in terms of financial engineering and selling off some of the brands like craftsman and maybe extended a life, it's hard to know. it's one of those things that we probably could have said 10 years ago and it's a slow-moving train. lauren: americans are certainly shopping, we get retail sales for the month of september, today looking pretty good, .6%

if we get that, if we get more than that that's good news heading to midterms. >> we have to see strong confident consumer, great back to school season, the retail federation estimate for christmas, holiday season looks fantastic, one of the things that's important while we are going through market turmoil, economy that's driven two-thirds by the consumer and strong consumer certainly going to help in terms of market psychology, everything else we touch seems to be looking pretty negative. lauren: this week we will get to thick art of earning season, bank of america this morning, we heard from four banks on friday, only one of them, jpmorgan beat on both top and bottom lines, what do we expect from bank of america? >> same thing, bank of america suffering the same thing to certain extent wells fargo are looking at, while interest rates are rising during the quarter that the reporting, we didn't see much of net interest margins, we haven't seen much of

uptick in terms of the spread in what they are taking funds and what they are letting out, a piece of it low demand on the side but i certainly think commercial on demand and credit card will look better for bank of america, i think they have upbeat post earning reaction. lauren: all right, well, thank you very much, art, good to see you. >> good to see you. cheryl: other top stories, we are a couple of weeks away, folks, voters are getting fired up for those midterms november 6th, the day and look at this, new poll from abc news washington post shows 3 fourths of registered plan to vote, that's a big jump but which party will benefit from it. gop strategists ned ryun and jason, democratic strategists, guys, good morning. >> good morning, cheryl. cheryl: a lot to talk about here, ned, and i want to talk with you on what we are finding in new poll, 76% of registered

voters are going to vote but look more of the democrats are going to be coming out to vote, more registered democrats are going to be voting for democrats and republicans, there seems to be issue, whether it's health care, immigration, maybe it's kind of an antitrump vote, whatever, what do you make of this, and do you think your party should be a little bit nervous? >> well, i have to confess i was a little nervous about 2 or 3 weeks ago that there wasn't enthusiasm gap and republican voters weren't as fired and then the brett kavanaugh situation took place and that helped significantly in waking up the base, not only poll numbers but a lot of people woke up in the last couple of weeks, there's a lot at stake in midterms, i want to thank the left for doing what they did to brett kavanaugh because it wake up the republican base, i think the enthusiasm gap narrowed dramatically in the 3 weeks. cheryl: jason, 53% say they are going to vote democrat, 42% they

will vote republican, that's the breakdown but the economy is the one issue where the republicans seem to be in a stronger position, supreme court nominee, yes on the democratic side but at tend of the day is how people feel about i have a job, i have a 401(k), i will pay mortgage and rent, jason isn't that something that the democrats need to try and fight back because the economy is firing off in all cylinders? >> that has traditionally been the number one issue and the fact that you do have an 11 to 14-point gap in the generic ballot on house races right now republican all over the country are seeing money withdrawn from their races because they are being seen as lost cause, this is really surprising because as you said the economic indicators are very positive, the republicans should be able to have positive outcome but appears that democrats are on the way to at least retaking the

house. cheryl: let's talk about markets, ned, on the economy, the president was on 60 minutes last night talking about this and the markets have been very strong, pressure on the future's market down 121, even if you look back at george w. bush and technology bubble that exploded during presidency, all prediction that is the midterms were going to go democrat because the house was going to go democrat at the time because of the tech bubble and the market, didn't happen, they actually gained gop seats? >> gained seats. yeah, that's right, i don't think people look at short-term market volatility as some big indicater as to how they are going to vote in mid midterms and we've had multiple 4% gdp and strong job numbers, we have record unemployment with the black and hispanic communities, jobless claims at record lows,

we are seeing wages creep up. as your previous guest pointed out, optimism is up. people are looking at more of that than any short-term market volatility coming to midterms and i have to say i think the democrats have cost themselves a chance at taking the senate and i'm sorry, i think the house is much more of a coin toss than people -- cheryl: i will tell you what, jason, do i want to leave you with this, this is the blue-collar vote which is traditionally have been a democratic vote up until president trump, listen to what larry kudlow said about blue- collar workers are booming right now, not only are wages rising at pretty good pace but the blue-collar middle and service areas typically a little slower, chris, they are actually raising faster than the white collar workers. cheryl: jason, those people

vote? >> hey, i represented in congress in western pennsylvania a district represented primarily by blue-collar voters, i know a little bit about the constituency and in all likelihood probably go democrat this year but the biggest constituency the president is struggling with women in suburban in america and those are the districts where the nrcc is withdrawing money across the country, the numbers just don't add up for the republicans to keep the house, you're probably right, they will keep the senate because the numbers are stacked with regard with the number of incumbent democrats on the ballot but in the house the democrats have huge advantage. cheryl: i think we will be debating up until november 6th every day on this program and i can't wait, it is fascinating, jason, ned, guys, thank you very much, we will have you both back very soon i'm sure. >> thank you. lauren: disney world is helping out after devastation from hurricane michael. cheryl: tracee carrasco has that story and other headlines making

news, big florida company, tracee. >> disney donating $1 million for relief efforts for areas devastated by hurricane michael through the florida disaster fund. also contributions from employees to relief groups will be matched dollar for dollar, great to see them doing that. lauren: that's nice, nice for some wal-mart employees, the company is shelling out big bucks? tracee: yes, a class-action lawsuit from long time ago, $65 million to settle class-action lawsuit from roughly 100,000 cashiers who accuse to provide seating during shifts, back in 2009, wal-mart violated state law by not providing seats, wal-mart said it wasn't a reasonable accommodation because responsibility required them to move around, scanning and

bagging items, wal-mart allow cashiers with medical conditions to sit on stools and store managers can grant permission as well. cheryl: calorie burn alone worth standing. this is going to save us pain, right? tracee: hopefully yes, all facebook users could soon seen button on messenger, screen shots show the ability to unsend a miami through app could be coming to all users hopefully soon, the feature reportedly allows you to unsend message after certain amount of time, as of now only appears to be available through android app. cheryl: all right, again, you never know, the miami you shouldn't have sent it. thank you very much. lauren: i need that in text message world, unsend. [laughter] lauren: we have harvard and its alleged emissions bias going to

trial, the case is heating up and we will take a look at the precedent it could set and real-life winnie the pooh. cheryl: baby. lauren: let's show you futures this morning. bounce back on friday, it is not lasting, futures down 106 and nasdaq down 60, we will be right back most kids today will have jobs that don't exist yet. the engine management systems coordinate with autonomous vehicles. financial data, so now we can predict the future. our new flexible propeller design. by collaborating with public schools on a program called p-tech, ibm is helping students build the skills they'll need for tomorrow. revolutionizing. aerospace industry. it's an entirely sustainable approach.

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cheryl: welcome back, let's get you caught up on what's happening after friday's gains, we are looking at selloff but not as bad as earlier in is the session, s&p down 13 and 3 quarters, nasdaq is down 16 and a half. well, bill coors has died at the age of 102, later merged with mulson, in a statement ceo stays dedication, hard work and ingenuity helped shape not only the company but the entire beer company, 102 years old. well, harvard going to trial

today over accusations of admission's bias, the school accused of discriminating against asian american students, kids can reach supreme court setting up a challenge to affirmative action, ivy league action saying asian american admission has grown significantly since 2010. finally this, a bear cub is free after pulling winnie the pooh and getting head stuck in 3 days, they removed plastic jar and released the bear, now known as bucket head, lauren. lauren: glad he's okay. cheryl: he's okay. lauren: president trump and the first lady are headed to the disaster zone today in wake of hurricane michael this as rescuers are frantically searching for thousands of people still missing, phil keating in panamá city with the latest on recovery efforts and phil, i hope there's good news. >> well, it's day 5 after the

hurricane and neighborhood after neighborhood all over this region still looks terrible and that's what the president and first lady melania will certainly get a whole lot of visuals of today about 9:20 eastern, they will depart air force one, land in base 35, 45 miles up the coastlines where it's pensacola and we presume specifics are not out yet that they'll get onto a chopper probably a black hawk and then fly along the coast whether they land, we don't know but likely they will take a circle around mexico beach florida where we have been in the past few days a wasteland, wreckage, destruction, street after street there it's really just unbelievable when you're on the ground there. also just north of that is tindel air force base, the eye of the storm, border line cat 5 hurricane crossed into land and we drove by that yesterday and you can see from the air absolute disaster, a lot of

damage, the general there calls it a catastrophe, many drones, f-22's were all damaged in that, fema's director was down yesterday in florida and says this is absolutely a long process to recover. >> the hardest mission is going to be not just getting thousands of people out of shelters into more suitable living conditions but ultimately a long-term housing mission that lies ahead. it's going to make many months and we will do what we can to help people kick-start recovery. >> and here at 17th street and mount avenue in panamá city, we are in a neighborhood, you see the low-hanging limb sign to caution drivers, low and behold, you zoom out and see what the hurricane did and sure enough they have low hanging limbs now and power lines down, still a lot of rebuilding to do, many intersections in panamá cities remain four-way stops because

the traffic lights don't work. lauren: fill keating in panamá city, thank you very much. cheryl: all right, well, coming up winter is coming, the bitter cold is sweeping the country right now, janice dean with which states need to bundle up. lauren: i don't want that. [laughter] cheryl: that's pretty much us. tom brady to the rescue, the patriots and the kansas city chiefs first loss of the season in last-minute play. jared max with highlights, futures, negative this morning, it's early but it is monday, dow down 123, s&p 14 and 3 quarters, interest rates still hoovering above 3%, you're watching fbn:am.

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cheryl: finally starting to feel like fall in new york but more like winter for other parts of the country this week. lauren: senior meteorologist janice dean, happy monday, janice. janice: we are getting the windchill, single digits in colorado, 9 is what it feels like in denver, look at the cold front, much cooler air, 20 to 30-degrees below average ahead of it, we have the relatively warmer air mass, look at the temperature drops, feels like 34 right now in dallas and 18-degree temperature drop within 24 hours along the cold front we will see heavy rain especially parts of texas and north of that, that's where we've got the snow from the great lakes back towards the southwest so it is coming here new york pretty nice couple of

days and then we will start to feel that cooler air heading into the latter part of workweek, ladies, back to you. lauren: i have to prepare myself, winter scarfs and jackets. cheryl: a lot of sneezing in the building today. lauren: thank you, janice. cheryl: winter means that football is going to be heating up, at least we have that and what a game last night. lauren: jared max had to stay up late for this one, how are you feeling this morning? jared: sunday night football, too bad it wasn't sunday afternoon game because fans wanted to watch this one. tom brady and patriots at home against undefeated kansas city chiefs. here in fourth quarter, 30 to 26 until smith goes 97 yards and kick return, it was set up 1 yard floater of touchdown, 4 for

touchdowns, 33-30 chiefs at this point. later in the fourth quarter, brady leads the bunch with 4-yard touchdown run. new england up 37-33, 40 to 40 with seconds left on the clock, steven, field goal for patriots, knocks it in and kansas city suffers for loss. only one team in the nfl that hasn't lost, rams, rams runningback rushed for career high, 2 touchdowns, la is now 6-0, beat the broncos 23-20 where it was snowing, denver four straight. astros lead 4-2, red sox 5-4, later on run after the socks,

next 3 games in houston beginning tomorrow and tonight is the dodgers and brewers on fs1, that series is also tied at 1 game apiece. back to the nfl, connor mcgregor at the cowboys. safe to say jerry jones will not replace dak with connor. cheryl: they killed them. that was good. mcgregor, what was that, he should go back to whatever else he does. [laughter] cheryl: thank you very much, you can catch fox news headlines 24/7. siriusxm 115. lauren: you can say u.s. stocks came back to earth after soaring record highs, and then the selloff, we will ask trader in

london if last week's damage means bull market has come to an end. a business owner always goes beyond what people expect. that's why we built the nation's largest gig-speed network along with complete reliability. then went beyond. beyond clumsy dials-in's and pins. to one-touch conference calls. beyond traditional tv. to tv on any device. beyond low-res surveillance video. to crystal clear hd video monitoring from anywhere. ♪ ♪ gig-fueled apps that exceed expectations. comcast business. beyond fast.

cheryl: u.s. stocks have been on fire this year but after last week's sharp losses are the bears taking control? let's bring in senior market analyst joining from london, craig, good morning, we are

seeing futures here in the u.s. down again, europe is down, what do you make of it? >> i think we are going to see bit of a pullback to be quite honest, there's been divergence in the markets and the yield spiking above 3% maybe unsettled a few people and made them little bit more risk and that's what we are seeing carried out again and earning season could be key drive hoping to turn things around for the positive. lauren: all right, quickly here, craig, what do you make of the tensions that we are now seeing and possibly the disruption of the oil market for the saudi arabia tensions? >> yeah, i think this is an important concern because saudi arabia is one one of the biggesl producers and hopefully that won't worry people. cheryl: we will talk much more about markets with maria bartiromo, good morning, gorgeous. maria: good morning, everyone, thanks for joining us, i'm maria bartiromo, it is monday october 15th, your top story

just before 6:00 a.m. on the east coast, markets under pressure this morning, futures indicating a decline at the start of trading about 100 points on dow industrials, 56 points lower on the nasdaq. this after the market finished on high note on friday but for the week it was a tough one, all the major indices finished down roughly 4% or lower for the week last week and, of course, this the beginning of earning season for the third-quarter reporting companies, european indices are mixed this morning, ftse is up a fraction but the cac quarante down a fraction. dax is up 32 points, quarter a percent higher. in asia overnight, declines across the board. take look at worst performer in japan, nikkei down almost 2% overnight. earning season kicking into high gear, 7 dow components are set to report this week, more than 50 s&p 500 companies, things get underway with bank of america later this morning, we will have the numbers as soon as the hit the tape of course on the heels of all the major banks on friday. sears has made it official, struggling retailer filing for

bankruptcy protection, what it means for stores and we are taking a look at impact. royal bundle of joy, prince harry and meghan markle expecting first child, the couple makes overseas trip after their wedding, all the stories coming up this monday morning, joining know break it all down fox business dagen mcdowell, former nfl star and brewer ceo jack brewer and president of maslansky + partners lee carter, good morning. lee: good morning, great to be here. >> happy monday. maria: to you. dagen: we can talk about midterms and what happens after the november elections, so much to discuss. maria: it's really close now coming to midterm elections, we thought first a blue wave and then red wave, we know that this is going to be neck and neck. lee: it really is going to be neck and neck, i think there's key race that is we have to look at in key state that's important that we will talk about later. dagen: can't wait for that.