our host this morning, ron baron chairman and ceo of baron capital.la already. we've had a conversation about iridium, another of your holdings and we're going to be talking about mcis in just a minute. and -- did i say that. >> msci. >> thank you and we'll talk to ken moelis as well just give me the take on the markets broadly. we've had a lot of volatility. the midterms have played into this we have oil and potential for tariffs. what are you thinking of right now? >> prices of oil, penalizing profitability a little bit interest rates higher. penalizing profitability a little bit housing not doing essentially well cars so growth in the economy and whenever companies are missing a little bit, you have big declines but the big picture, i think, should be considered, is that -- so we're long-term investors and before we were discussing about how the stock market reflects the economy and in 1968, robert kennedy was running for president and the gdp in the country then was $800 billion. it's now $21 trillion. so it's gone up 23 and a half times. and the

ron baron is a bull on that company. we will talk to that ceo and ron. >> still bullish on tesla?a? we'll find out he's putting up his fist in success. i think that's a success fist. beginning of success is what he's screaming out to me bullish on tesla we'll talk about that. >> looking forward to it, andrew >>> still to come, the week that was. you have had an election, a fed interest rate decision, wild market swings, we're not even done with the week yet we're wrapping up a crazy few days on wall street and digging if what you need to watch on the week ahead ♪ ♪ the new capital one savor card. earn 4% cash back on dining and 4% on entertainment. now when you go out, you cash in. what's in your wallet? >>> welcome back futures are sliding. dow down about 117 points right now. still on pace for a good week but anything can happen. we've seen crazy market volatility let's talk about all of this with art hogan we're on pace for a good week. do you and your team believe that the volatility that has been the hallmark of the last couple of weeks is over or is there more to come >> pro

and then tomorrow we are reporting live from the investors conference with ron baron.tory? at t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story. t. rowe price. invest with confidence. . >>> democrats took control of the house in tuesday's mid term election. that has been bullish for the markets with the s&p gaining over nine percent three months later. >>> i want to thank jason trainer and correct my colleague who said that the president said the stock market was based on the house and the senate. absolutely 100% wrong. time stamped on twitter 7:33 a.m. october 30, the stock market is up massively since the election. people want tosee what happens after mid terms. if you want your stocks to go down i strongly suggest you voting democratic. he was absolutely clear on what he said. "squawk on the street" begins right now. ♪ >>> good thursday morning. welcome to "squ

investor ron baron joined cnbc and said he sees more growth ahead from stocks. >> i think the stock marketl reflect the economy. i think in ten years the stock market will double, the gdp will double, stock market will doubl double that's what the stock market is going to do. >> the gobhappy friday b baron's time line is literally 50 years we tried to pin him down on a tighter cycle. where do you see in the market now that we're getting warm inflation and peak earnings. >> well, rates are going up and trade concerns. >> right now we're caught in a push pull. the good news ends in higher rates and valuations have come in, not necessarily cheap. so what gets us out of that. >> i think you would have to see sentiment hange. we always come back to sentiment. investor sentiment is okay people don't feel that good even though the data is strong. if you break it down by republican and democrat, but putting money to work is something clients feel nervous abou about. >> are you viewing the market through a prism of fading fundamentals but solid seasonality and technicals like bye backs? >> yes, so

. >> phil, thank you very much speaking of tesla, do not miss investor ron baron tomorrow morning.e of tesla's biggest bulls saying it could be a trillion dollar company. >> with a t. >> apple sized by 2030 >> all right >>> to the bond market rick santelli tracking the action from the floor of the cme group out there. rick >> everybody excited about 20 minutes, we'll have the fed decision even though many may not expect any rate decision, it's always exciting, and the markets actually have had interesting movement it's all agent the short end versus the long end. if you look at the longer end, tens are down two. 30s are down two tens minus twos for two weeks. opened it up since the last meeting and you can clearly see we're only within three basis points of where we started it's been a long journey even more extreme. if you take the 30 year versus the ten year, the two week chart and zoom it out to the last fed meeting, you see the real issue is the short end keeps powering ahead. that's important and it gives us a sentiment of investors of the fed and their future plans embedded,

a man walked into a country music baron college night, and opened fire, at least 12 people lost their lives, including a veteran police officer, his name is sergeant ron