don't leave home without it, american express, what a core franchise, so fabulous after seeing -- whenaw the numbers come up, i thought they were fabulous. so many of the banks praise their credit card divisions. and it looked good to me, a solid top and bottom line beat but the market didn't like it. what did they see that i didn't with the stock being down 2% what was the fly in the ointment i think it was you had too high expectations the stock did run up $25 for the year going into the quarter, better than all the banks i've been talking about it's viewed has a financial technology stock, even though it's the one credit card company with genuine risk, these guys actually make loans. when the banks were out of style, the waut street fashion, the investors piled into all things that's a classic head and shoulders. so they have less room for error. sales were way down by weakness and large commercial spend volume, major deceleration from up 5% last quarter meanwhile, long growth also dropped from 11 to 9%. subpoena optimal but generally the quarter was pretty darn good they gave you c

but i'm doing a lot of work on american express this morning.sumer is still strong consumer strong, business, corporate spend, as barry said, still a lot of negativity among ceos, extends to the election, negativity extends to china, european woes. go back to the ibm call, we didn't talk about that enough. it was a very negative call. they saw weakness for brexit so we don't have any enterprise strength around the world, but we do have consumer spend doing incredibly well, x the incredible morgan stanley note which says there is value destruction going on at gap stores, destruction going on at macy's, wow. that was a sum note. >> it was. >> no brands >> for obvious reasons >> yeah, well, the mall. >> the line is our expectation is that multis will not be sufficient to off set the ongoing pressure trends from the macro. they talk about store closures, this year on track to be the biggest year for store closures in 24 years. and our analysts are bracing for another round of large scale closures after the holiday season >> yeah. it is funny, though

we'll be hearing from american express before the bell.asia, the shanghai come pocomposite in china, down. beijing reporting the worst economic growth since the 1990s. cheryl: all eyes on europe, with boris johnson's deal with the eu. the cac 40 is under pressure. the dax is slightly higher. lauren: we have a lot of geo politics in different poll e pos in different parts of the world. the fighting continues in northern syria where shelling and smoke can still be seen. cheryl: griff jenkins has more from washington with all the latest. griff, good morning. >> reporter: good morning, lauren and cheryl. these images coming out of northeast syria, is troubling. they're raising serious questions the cease fire apparently has been broken. there's questions really about whether it ever was going to be enforced. you see the smoke and shelling near the syrian, kurdish border town. that is in the center of a attention. the ap has been reporting overnight that journalists are seeing continued fighting in that area. and i can tell you that i spoke wit

american express also reporting, and that stock up 23% this year.nd they will report friday the stock has pulled back from july from it was around 130. i think the concern here is that the street, myself included, still really views american express as one of the top financials that you think about, american express in july, price was 129. par g target 130. so expectations -- >> good stuff. final trades >> copart. >> and watch brexit negotiations this week. >> and cat, ten times earnings, disproportionate favor ability from cutting rates in emerging markets. >> and the junior miner, a lot of up side call activity gdhj >> guys, thank you that is it for halftime. "the exchange" begins right now. >>> hi, everybody. here is what is ahead of us. keep it on ice the chinese media say they aren't ready to pop the champagne yet on the latest trade agreement with the u.s we'll talk to one of the president's top china advisers on if this means no deal and what else the chinese are demanding. >>> plus breathing room, could the latest china developments take the

american express at 7:30 and some planned events from dallas, kansas city, minneapolis fed president. as well people will be watching and waiting. especially some of the things steve leaseman has been reported a hold on any kind of action former bond king, bill gross will join the gang today never holding back at 2:15 eastern time set your dvrs and mark your calendar >> coming up, we'll get you ready for the market open and reter don't miss our guest host he on "squawk box" on cnbc but in my mind i'm still 25. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium. as a principal i can tell you this. when one student gets left behind, we all get left behind. this is a problem that affects each and every one of us. together with ibm, we created a whole new kind of school called p-tech. within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. you know what's going up today? my poster. today, th

american express hasn't been able to crack into china in any meaningful way china is the epicenter of the weakness he is breathing new life into the business a self-effacing man is transforming american express from a company with a spotty track record to one with proven numbers like ones we expect from mastercard and visa. i think we'll get those again. next up there is abbott labs, a medical device maker if you watch the show for a while, you know i'm a huge fan of miles white who has created an enormous amount of value for shareholders over the years. we've been buying abbott for my charitable trust wrote where you can follow all the moves by joining the actionalerts.com public the stock is down nearly 9% from its high very rare to see this. i think it's an opportunity. abbott also has a revolutionary new diabetes managing that management can crow about on the call the medical device makers are only part of the health care cohort that has been flying under washington's radar the democrats and republicans may be united in how they view the drug industry as repugnant, but i still thi

american express up 2%.nt to look at is the 100 day moving average, 121.34. second resistance is the retracement of this range, around 122 and that 125. looking back further, long-term uptrend, stop looks good. jonathan: let's go to state street, also delivered on solid earnings. some of the regional banks coming in. are we overextended here? what you see? bill: i do not think so. state street is up 3%. the first resistance level is 62, above that, 64, another retracement level here. key to the stock if we go back to 2016, long-term support 48 to 50. that stock looks pretty good. alix: coca-cola coming up with earnings, saying 2019 revenue will be 5% organic revenue. they have solid growth. what is the chart showing? up.: oklahoma -- coca-cola the first resistance is 55. the all-time high as 56. alix: in terms of a bottom, where is it at this point? bill: it has been a solid uptrend since march. little resistance. the all-time high of 56. jonathan: bill maloney joining us. he also has updates throughout the

better profit at american express. higher consumer spending, yeah, the consumer spending very strongly, came to the help of american express. that stock is up about just 70 cents at $119. all right. sorry, folks. got to talk brexit. >>> the big, big, all-important vote is tomorrow. well, ashley webster is over there in london right now and i'm going to ask him full-on, look, i don't care about the weeds, i don't care about the process. i want your opinion. which way is the vote going to go tomorrow? ashley: out on a limb here, i'll say boris johnson will pull it off. why do i say that? i have no idea. but listen, why not, why not? listen, he needs 320 votes. he's already got 287 with the conservative party and if in fact they do vote with him, and i think they will, he needs 33 votes from somewhere. as we know, boris is a very unconventional politician. he will be out there with his charm offensive trying to wrangle up those 33 votes. i would not be surprised if out of the blue, he pulls this miracle off and gets it th

i'm holding a lot of financials, usb, jpmorgan, added wells fargo, american express, mastercard, kkr, which is another nightmare in the last couple of days you have to take a look then when you get an ism reading like that and say i have too much exposure >> now everybody loves wells fargo. >> i like it it's a special story >> i bought it you bought it. joe bought it. a lot of people said they didn't want to buy it it's a very large name in the s&p 500 benchmark. a lot of people are underweight. they might own a bit, but they're underweight. if this new ceo can deliver on anything, on anything, i think the stock can work it's almost like a self-help story. i realize it will trade with rates, but it's a special situation. it's trading 11 times forward. 1.2 times book it's not extreme to me, i think there's more room there. and i actually sold blackstone for it >> which whae'll talk about lat on hold that thought. >> you want another reason to be optimistic even though the ism number was bad the market manufacturing pmi number was great best in five months. so, you know, am i just tryin

that is a great profitable business that american express has not had yet.u back, it has been a pleasure. bill smead, ceo / cio, smead capital management, value updated 18%. we will bring you updates on brexit. ♪ everyone uses their phone differently. that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. all with millions of secure wifi hotspots and the best lte everywhere else. it's a different kind of wireless network, designed to save you money. switch and save up to $400 a year on your wireless bill. plus, get $250 back when you buy an eligible phone. that's simple. easy. awesome. call, click, or visit a store today. headlines for you. sterling slides as boris johnson's northern irish allies say they cannot support his brexit deal. return $20 it will aslion to shareholders 2022 unilever mrs. sales estimates -- misses sales estimates. and nancy pelosi accuses donald trump of hurling insults at her after lawmakers on both sides criticize his wi

i haven't owned it for years i have no intention to american express is interesting.kard, they're getting hit as well they've never hit their old highs, despite the consumer being so robust. i'm troubled by it i don't like the way it reads through and i don't like the market is acting with amex having a good quarter. and you take netflix and that stock had a major reversal those are not great signs for the market >> i'm glad you pointed out netflix. it's down 6% this after what was a strong fairly response to earnings that were, i don't know how to characterize them at this point, i guess a relief to some extent. certainly the international growth but people starting to do the math, wondering about this increasingly crowd streaming area you just heard julia, another half a billion dollars going to the owners of sou"south park" ad the owners of the show an interesting lack of follow-through, certainly. >> disney, on the other hand, has peeked its head up a little bit. it's come up from 128 to 132 >> it was actually a pretty cursory bounce in netflix, i thought, given t

same goes for the strength in the stock of american express. i like to read, it's a great discipline, prevents you from following the herd solid, good growth, tremendous millennial pickup. under the leadership of ceo steven, has become a must owned financial theft, you own it or own visa or mastercard visa and mastercard report next week after an initial dip, america's best is roaring, closing at $2.29, or 1.96%. again, a big company, just 2%. just like that then there's honeywell, hon. if you told me there's a company, aerospace, climate control, automation, chemicals, i say those are exactly the businesses you don't want to expose, yet honey yn wewell is n fantastic shape. he put on a clinic and explained why his business is firing on all cylinders. the only weak business was warehouse automation that division was up against some really tough comparisons. honeywell's stock on fire. $3.37, or 2% talk about pin action. finally there's union pacific. everyone thought union pacific was this wrong, it was this >> all aboard. >> i know some viewed

card issuer topped speck achesriven by card holder spending more andnd payi more of their bal american expressfirmed its guidance but the cfo says the company is seeing quote, signgn of caution in commercial spending. shares fell nearly 2% to 116.76. caterpillar was downgraded by morgan stanley as the bank sees signs of increasing downdownside cat he is construction and energy and transportation businesses. morgan staey also believes the construction equipment maker peaked in -- market p pked year but wil eventually tail off next year. caterpillar fel a sprak fwrak shun to 130.71. >> the parent company of kty secret l-grounds downdwraded to under perform from neutral by credit sweez swees to the season.s outlack forhe holiday credit suisse lowered are price process.for gap and macy l grand dropped 10% while gap and macy's fell 4%. increase in i refed fuel products and liquid petroleum gas shipments to mexico helped kansas city southern top profit ations. but the railway comnyai admitted that it had been affectedy the general motors strike because of fewer vehicle shipments. but shares rose mor

well, the third-quarter earnings parade continues with coca-cola and american express among the notables today. stocks closed modestly higher thursday paced by gains in health care, communications services, and industrial shares. the dow was up 23 points, the s&p 500 gained 8, and the nasdaq added 32 points. >>> general motors workers will remain on strike for at least another week until they vote on a new four-year contract proposal. a deal was reached wednesday. the agreement includes pay raises, the addition or retention of hourly jobs in the u.s. and $9 billion in new investments. roughly 49,000 workers have been on strike for more than a month. >>> juul labs will no longer sell certain fruit and dessert flavors for its e-cigarettes amid the nation's vaping health crisis. those flavors include mango, cream fruit, and cucumber. juul will continue to sell tobacco, mint, and menthol flavors on line. those products account for more than 60% of the company's retail sales. >>> the faa is testing whether the size of your seat and how much leg rooha plane could impact emergency evacuation t

and american express and discover, is that your consumer play? betsy: yes.ike the set up for pnc. it is well reflected in the stuff and they are one of the biggest beneficiaries of the fed tailoring proposal, the fed tailoring rule that got finalized last thursday. romaine: you are not at all concerned about some of the rate exposure with those regionals? a lot of people seem to be gambling on the fact that the bottom is in for these. i am wondering where is the risk as you see it with those regionals? betsy: what i want to highlight -- i do not want to say i am not concerned. your words, not mine. what i would highlight is what is in the stock versus what is and expectations. as it stands today, with pnc having underperformed super regional banks we cover, the rate expectations are embedded in the shares. alix: what will be the biggest disappointment? betsy: in earnings? the biggest disappointment might be it ends too soon. alix: you wanted to go on forever. which bank has not priced in the bad news? betsy: where we are underweight is the trust banks. that

. >>> on tap in the u.s., american express and coke coloo report their earnings before the opening bell. >>> juul is immediately suspending all fruity flavored ecigarette sales in the u.s., while the trump administration is readying a ban on flavored ecigarett ecigarettesed aamid a teen vaping epidemic. the centers for disease control say at least 33 people died from a vapele related lung disease. nearly 1500 more are sick. juul will continue selling its mint, menthol and tobacco flavors. >>> ford is teaming up with avolkswagen and amazon.com to provide its future electric car customers with nearly 12,000 charging stations across north america. buye of for electric cars get two years of free access to the twork of more than 35,000 charged plugs. voegz waggens will set up the fast charging station sites and ford will work with amazon for installation of home charging setups. marcus and kris, back over to you. >> sounds like a plan. thanks, frank. >>> coming up here on "today in the bay," vianey arana is ac that weekend forecast. >> it's going to be another cool evening, but we've got ano

on your american express. - fellas, hey fellas!!! i got it! i got my semen sample! - you did? - yeah, i was up there poundin' my wiener for two days straight, and then finally i thought about stan's mom's boobs and this little tiny splooch of this white stuff came out! - that's great, butters, but we're not playing detective anymore. we're playing laundromat owners. - would you like those pants cleaned for $4.95? captioning by captionmax www.captionmax.com >> from comedy central's world news headquarters in new york, this is "the daily show" with trevor noah. ( cheers and applause ) >> trevor: welcome to "the daily show," everybody. thank you so much for tuning in. thank you for coming out. as always, thank you so much for coming out. i'm trevor noah. we have two guests, two guests joining us tonight. first, her new memoir is about her search for redemption in america's prison system. cyntoia brown-long will be joining us, everybody! ( cheers and applause ) and then after that, we're going to chat with a superstar comedian and an actor who is out with her first book. ali wong

you can find its use companies like american express, yelp, spotify, nike and more.ore, let's head to detroit where envoy ceo larry is standing by. great to have you. give me more of an update of what your company is doing. larry: thanks so much. yeah, we are trying to make workplaces work better. a ton of different monday and things people put up with. we are trying to rethink all of this. we started in a very simple visitor sign in product that people saw everywhere. they were excited about it. and they brought it to their own company. that is how we got to 13,000 companies using it today. pretty excited about this and now we are taking on the rest of the office. lots of different products, lots of different areas. taylor: i want to talk about the different office. we know you have nailed the check-in process. what are you doing to make the office a smart workplace? larry: think about this. in your home, the kind of had this old thermostat that got transformed into something beautiful, much like the nest thermostat. it just kept on going. it got connected. it would

the american express platinum card has one of the hottest forntials for elite status travel hacks toand airline perks. thank you. hundreds of thousands in the dark after an unprecedented power shut down by pg&e. shares of the power china plunging 32% today, following the bankruptcy court ruling. for more, we welcome the person who leads the coverage of power and gas for bloomberg news from san francisco. thank you for joining us. massive rolling blackouts across california, but that is not what is driving the stock today. that seems to be a secondary story for investors. talk to us about the ruling in why it has caught investors by surprise. could use another thing on its plate right now, right? while it was orchestrating this massive blackout to more than 2 million people in california, it has this ruling handed down by the judge overseeing its bankruptcy case, stripping the tolity of exclusive rights organize a restructuring plan and take itself out of bankruptcy. that opens the door to the arrival of creditors to pitch a plan that would all but wipe out the value current stakehold

were accused of not opening their market to our main credit cards, mastercard, visa, discovery, american expressthey lost fair and square. they admitted it was true. the order from the dispute settlement council was they would open their markets. that is in 2013. they never really opened their markets to our main credit cards. you can use them in some international hotels but not all 1.4 billion consumers. drain the time china has not abided by this ruling against them, they have subsidized their own international credit card, which is now the largest revenue of any credit card in the world. you may have seen transunion -- it has different names in different countries. relatedly keep their markets closed, not only did they recognize they lost the case fair and square but didn't implement them -- but didn't and from the majors required, but they build up their own credit card in the meantime through the use of chutzpah or deception. this is the kind of thing the chinese have been doing in lots of other fields. that is why i wrote the 100 year marathon. i tried to chronicle how the stories began a

of course, american express is a good pulse on the consumer.es getting bigger, are they taking on more debt, are they paying off that debt. and of course, the fees, big source of revenue for american express, the perks that they offer. so i will dig into this a little bit more but those are the numbers. maria: the stock now up better than 1%. lauren simonetti on am ex-this morning. quick breaks and the turmoil around brexit, bill bradder is here, he sounds off on the pushback on the deal. stay with us. ♪ hmm. exactly. liberty mutual customizes your car insurance, so you only pay for what you need. nice. but, uh... what's up with your... partner? not again. limu that's your reflection. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ i get it all the time. "have you lost weight?" of course i have- ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go. at national, i can lose the wait...and keep

the third thing is their partnership with american express is the gold standard and it delivers cash straight to their bottom line while smoothing out the cyclical nature of their business with the 3% dividend yield, delta is a buy for me. >> you didn't mention the air bus exposure is that not an issue for you >> it's an issue at the same point in time we don't think these will be enacted. >> thanks a lot. more more trading nation head to our website or follow us on twitter. back over to you >> thank you >>> ahead, october phobia. the economic data starting to spook investors. >>> industrials taking the brunt of the pain this week. we'll tell you which stocks are declining and one from downgrading tesla on the back of weaker than expected delivery numbers. all this when power lunch returns. >>> as the death toll from vaping continues to rise, the ftc will study e-cigarette makers sales and promotion it has ordered six makers to release information on all three. >>> three people were killed and three others injured after a single engine plane crashed at an airport in lansing, michigan

in may it added a former apple executive to a roster that includes former american express ceo and formerar ceo there is, however, guys, a lot that we still don't know about the company that may or may not be as appealing like its costs for things like insurance and host guarantee competition is heating up while bnb is moving into the traditional hotel space. and its new york hotel-like project big hotel chains like marie olt and ihg are encroaching. investors want to learn about its corporate governance which is top of mind for many. perhaps the biggest risk to airbnb businesslike uber and lyft is regulation like ride sharing home sharing is facing increased scrutiny from lawmakers in different cities in new york regulators are cracking down on home sharing and the company is blamed for the city's housing shortage. >> a key point it's eyeing a direct listing and not an ipo. it doesn't need the money. the pricing could be different than if it went public >> reporter: that's right. as of the first quarter of this year it had $3.5 billion on its balance sheet. it's not bleeding money like t

taking a look at the top names on the dow with the stocks rebounding after yesterday's sell-off, american express, vees visa and microsoft leading the gains. >>> juul hit a $38 billion valuation just last year but pressure from health officials continues to cut that number down frank holland joins us with more. >> despite recent health concerns and regulatory headwinds, vaping is projected to be a $9 billion industry by the end of 2019. juul with 72% of the market and generating $4.6 billion over the past year will face its biggest potential risk coming up in may. juul must submit to the fda an application in order to remain on the market. as part of that application they have to provide scientific data to demonstrate that marketing the new tobacco product is appropriate for the protection of public health they'll also have to supply information on how the product will impact existing smokers and nonsmokers juul can continue to sell during that fda review but it's coming after the deaths of at least 25 people linked to vaping. according to the cdc, teen vaping grew from just over 20% last year to

american express provides more, that's why i own it., where's it going >> nowhere is the answer this stock has been a disaster we know that here's the bottom line, it's not really budging nobody is using slumber day services in a degree that would merit the stock going up this is just too hard. there's easier ways to make money. leave it alone >> josh, ron in washington, shake shake, are you still bullish? >> oh, yeah. well, stocks has been in since december of 2018, it's pulled back slightly from a high, along with a lot of other companies but really for no from the high along with a lot of other companies, but really for no reason and remember, this is the part i never want you fo forget. this is still a company that's infancy. only a few hundred locations only a $2.79 billion enterprise value. it's peanuts the potential over the next ten years is dramatic so i'm not a seller i don't care if they miss earnings >> emerging markets, etf >> emerging markets have been the quiet outperformer over the last three months. where we are today s

american express as well. often see as barometer of the u.s. economy. switching gears, big week for bank earnings. four largest u.s. banks, before the bell, goldman, jpmorgan chase, citigroup, wells fargo. pnc out on wednesday all in the green right now. however lower interest rate we saw with the fed cutting, have put pressure on a lot of banks main business. deposit as well. that could be weighing, looking into that parsing details. according to fact sheet, we are expecting, these are investors, basing off the survey, they expect earnings to drop 2.6% this quarter. lauren: we've seen surprises to the upside, kristina. maybe that will happen again. thank you very much. battle escalating between elizabeth warren and mark zuckerberg. running an ad on facebook, that falsely claims the facebook ceo endorsed president trump for re-election. an intentional law to draw attention to facebook's to exempt fact-checking policy for advertisements. adam is back with us. why doesn't facebook ban political advertisements on its site? it is not a big revenue. >> it ca

it's not like american express is going to say hey we have this new card, you should sign it up for now. it is a complicated thing to look at this kind of 30 day launch versus what it will look like over three or four years. this being said, i think apple will see this as a positive way to approach services that they can hype them up and get a whole bunch of people excited at first. when we move into the next batch of major hardware purchases, we will see exactly that kind of affinity deal. >> russell, steve forbes here -- >> there were some parts that were a bit surprising, david, the fact that i brought up the miss in mac sales and also ipad revenue misses which actually surprised them given the mac had a tough compare, they had two new models that were launched last year, they said it was the best year for mac sales in a long time same thing for ipad as well best quarter for a while. they said this might be a case of high expectations, also a strong dollar effect as well. if we have the interest rates being cut here in the u.s. maybe that also weakens the u.s. dollar and that may hel

. >> oh, thank you >> caller: my question is on american express i know this someone of the companies you like. >> right >> caller: but its stock has drastically -- >> oh, don't there is a downward pull for all of tin techs right now it was a terrific quarter. elva in michigan el elva >> caller: love you, jim. >> thank you >> caller: i'm 93 years old and i watch your show every day. but etsy for my drand daughter. >> here is a problem they had one-time problems the stock is going to be under pressure a little longer do. not sell it. but don't buy it until it goes down another 10% because i think it may actually the that don't let the parlor games distract you. keep your eye on the prize, people i'm here to help much more "mad money." after three generation, smarties candies have been a favorite among halloween trick-or-treaters. i'm finding out how the cramer-proof candy has been strong all these years >>> and maybe the economy was chugging along and being helped by the consumer. but what can win in an environment like this? i'm talking to an expert in the field to find out. and all t

american express ringing the bell to celebrate a new corporate card.d- quarter earnings after the closing bell today. the company struggling to reach profitability. wall street responding to big earnings at caterpillar and boeing and we will have your business news coming up in today's dollars and cents. >>> good morning. thank you for joining us on mornings on 2. wednesday, october 23. >> thank you for waking up with us. the middle of the week. let's check in with a steve paulson. >> caterpillar and boeing come a good result? >> kind of next, actually. you have to wait for my business report. >> i will be waiting with baited breath. >>> it will be a warm day with temperatures above average. the wind will pick up tonight. kathy says i'm sick of it being warm and dry. i miss the fog and wonderful chill in the morning when i'm walking the dog. kathy, tell us what you really think. i understand. is nothing i can do. i look at the global models in a try to find something. there's nothing out there through november 7. that could change. that's a long way ou

. >> i like health care here and i use xlv to express that view on the long side. >> karen next. >> americanan 29 october weekly call spread. >> and mike the last word. >> i like selling credit spreads into pulte homes into earnings and i like calls on xlv. >> a very busy and interesting week, that does it for us here on "options action." you can catch us back next friday at 5:30 in the meantime do not go anywhere because you know who is right around the corner. "mad money" starts now - [narrator] the following program is a paid advertisement for the nuwave bravo xl sponsored by nuwave, live well for less. is all the clutter in your kitchen starting to look like an old junkyard? sick of spending hours cooking, only to serve mediocre meals lacking in flavor? wish your family would spend less time whining and more time dining? well, now they can! with the new bravo xl, the world's first digital smart oven with flavor infusion technology. it's a breakthrough in culinary creations! coming up next, you'll see how bravo's compact design cooks large family meals in record time! how, with just a tou

. >> i like health care here and i use xlv to express that view on the long sooside. >> karen next. >> american january 129 october weekly call spread. >> and mike the last word. >> i like selling credit spreads into pulte homes into earnings and i like calls on xlv. >> a very busy and interesting week that does it for us here on "options action. you can catch us back next friday at 5:30 in the meantime do not go anywhere is right around the corner "mad money" starts now >> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramer. i'm just trying to make you some money. my job is not just to entertain, but to educate you and teach you. next week will be filled with lots more days like today? the dow lost 2

coca-cola and american express report before the market opens on wall street.oming up on bloomberg tv, we speak to top newsmakers across the day. first we will hear from the vice president of the european commission at 11:30 a.m. london time. we also have an interview with the eu commissioner for economic and financial affairs at 3:30 p.m. london time. lastly we speak to bank governor mark carney outside. do not miss those conversations on the imf meetings in d.c. next, slipping further. china's gdp growth at its slowest pace since the 1990's. where there enough bright spots? ♪ nejra: this is "bloomberg daybreak: europe." yesterday during an interview with the ceo of a bangkok based company, bloomberg tv displayed a banner saying the company is set for a record for straight quarterly loss. this actually referred to the conversation on the screen about stock price through the end of september, not the earnings, and case that was unclear. turning to china and its economic growth slumming in the third quarter, gdp rose 6% between july and september from a year ago

morgan and american express.y have been waiting patiently for a group of adults that are about six or seven years behind in their use of borrowed money that's where it was.>> a that wg pressure onraits over the next 10 years there's 90 million millennials when 90 million people borrow money from 60 million people the price goes up. you're going to make 10 or 15 years from now, no one cares about, what are you doing for me lately >> the accidental. quickly, two or three names where you would put people >> sectors, clearly equity dmk funds is a sea change. >> you guys agree on that for sure appreciate it, gentlemen thank you. richard weiss and bill sneed talking through these markets today. >>> check out shares of beyond meet they are getting burned plummeting over the past two months and dipping below $100 today. how one ipo became overcooked and why there could be more pain ahead. ♪ where others see chaos, we see patterns. ♪ connections. relationships. ♪ when you use location technology, you can see where things

coca-cola and american express both report before the market opens on wall street, so if you are watching. stocks, those are two to keep your eye on. up next, we will take a look at your issues to watch this morning at the open, including renault. the carmaker cuts its forecast. not the only company cutting its forecast, blaming the weakening economies. we will bring you a round up. this is bloomberg. ♪ minutes to go until the start of the trading day for this friday morning in europe. around the news worm, we have and work -- around the newsroom, we've annmarie hordern looking .t renault, let's go to do know. annmarie: the calls are looking for a drop at the open. they are cutting their sales forecast for the year. these are third-quarter results that did not meet the expectations. a lot has to do with weakness in the sales of yogurt in the united states, as well as buttered -- bottled water in europe. matt: speaking of bottles, what is the story? >> not a good story. 2-q sales that missed estimates. in particular, the high-margin division, the key crucial division, is below because of p

on defending american rights of expression without fear of being silenced, zuckerberg is spot on.evin mccarthy yesterday. frank in north carolina, republican, good morning. caller: good morning. hello? host: go ahead, frank. caller: i was calling to give my opinion on the currency. i think facebook should go ahead and move forward with their currency. i think americans should have a choice like you said, it is going to be primarily with the u.s. dollar. when someone like china steps in and takes lead rather than the u.s. taking the lead on something like this, i think it is a great thing. facebook is here and it is one of those things -- too much of anything is bad, but you have choices weather you use it or don't use it, the currency will be the same way, you can use it or not use it, but if it is already here, it is going to be growing more and more popular as the world becomes more one entity. be ank the currency would good thing, really. from here is the story roll call about the amount of u.s. dollars being spent by facebook when it comes to lobbying efforts. facebook on pace

we also know that for many asian americans, they're expressing a lot of concern for how the informationn the census might be used. so, an astonishing 41% of our community members have a lot of concerns. and so--and i think in the context of where there's so many attacks happening against immigrant and refugee communities, you know, these concerns are living in those conditions. robert: a lot of intangibles here, huh? yeah, of course, that makes it all the more necessary to have kind of a real operation going. of course, that takes money, it takes time, it takes people. how does your organization kind of deal with that? alexander: sure, well, at the east bay community foundation, we are committed to advancing a just east bay. what we consider a just east bay is that everyone has a place to call home. our kids can go to excellent schools, they can grow up and be part of an inclusive economy, and that ultimately we all have health, safety, and wellbeing. and as vivian mentioned, the census is critically important. it dictates our, you know, funding for roads, public safety, hospitals, park

. >> american airline, expresses bets for one or more, down 29 okay weekly expirations call spreads.ah, i like selling credit spreads into pulte homes and calls on xlt. >> it's been an interesting week that does it for us here on "options action" you can catch us back next friday at 5:30 meantime, do not no anywhere you know who is right around the corner "mad money" starts now - [narrator] the following is a paid advertisement for the hoover smartwash. when your throw rugs need cleaning, you toss them in the washing machine, easy. if only you could do the same for your carpet. instead, here's what carpet cleaning looks like for many of us hauling around heavy, bulky rental machines. they're a hassle. and do you really want to bring someone else's dirt into your home? and then there's all the mixing, soaking, waiting forever for your carpet to dry. no wonder we sometimes give up and call in a pro, but that's a whole other level of pain. they're all over your house. you're left with a damp carpet and it costs a fortune.

some chinese businesses are suspended ties with the houston rockets after the american basketball teams general manager expressedsupport for hong kong president protests that mori has since apologized for posting an image saying fight for freedom stand with hong kong his comments angered many of the team's chinese fans and some sponsors of distance themselves from the team the pressure from china has also sparked a rebuke from u.s. politicians at a time when trade ties are already tense matheson has more from beijing. the overwhelming response on chinese social media to what's been happening in the united states has predominantly being that they love the n.b.a. they love basketball but they love china more and basketball is the number one sport in china it's eclipsed even the football china back in august hosted the basketball world cup and there are 2 n.b.a. matches that are being held in china this month one of which is in shenzhen one of which is shanghai and one of them is featuring the l.a. lakers but the industry itself in china is enormous as well kids buy basketball jerseys basketball shoes bags anything

too many american multinational corporations have kowtow to the lure of china's money and markets by muzzling not only criticism of the chinese communist party but even affirmative expressions of american values. in fiery rhetoric hence also claim that u.s. trade deficits had rebuilt china over the last 25 years and that the american people back washington's trade stance towards beijing when the largely agricultural phase one deal is signed the u.s. wants to tackle the more thorny issue of intellectual property theft u.s. china trade talks resume on friday. to greece now where garbage is piling up after collectors went on strike against plans to outsource public services fearing job losses they've protested outside parliament where a raft of labor reforms are up for debate greece exit its 3rd bailout program a year ago but it's still supervised by foreign lenders who want more labor market flexibility. and speaking of economic crisis as argentina heads to the polls this sunday many are looking to the future with skepticism primaries in august indicated the incumbent business friendly president but he said markey could soon be facing defeat at the hands of his opponent a bit

too many american multinational corporations have kowtow to the lure of china's money and markets by muzzling not only criticism of the chinese communist party but even affirmative expressions of american values. in fiery rhetoric pens also claim that u.s. trade deficits had rebuilt china over the last 25 years and that the american people back washington's trade stance towards beijing when the largely agricultural phase one deal is signed in the u.s. wants to tackle the more thorny issue of intellectual property theft u.s. china trade talks resume on friday. let's go it's your jealousy delaney our financial correspondent in frankfurt is tracking this story for us where are we at in this trade war vein it's been raging for what 16 months now almost. 16 months and it's still pretty early innings for this this trade negotiations so this is the also the 14th round of negotiations that are entering into this week and it's still phase one trump aside the this this deal is going to come out over 3 phases and they're really sort of front loading the easy issue is in this 1st phase agricultural purchases. and something that both both countries can sort of get behind the bigger issu

the white house is a focal port for all sorts of expressions of support and assent for americans. one of the most prominent was hubert humphrey, president nixon's chief opponent in the last election a leader in the democratic party, he conversed with a president then chatted with newsmen. i think we have to realize that if the president is moving and he is trying and i believe he has made some progress, that's my view of it, i think he has. this mean that you support whatever the president has done in vietnam up until now? >> i think what he has done has been good. he hopes he can do more. i hope he can. i believe that no man in this country is more desirous of bringing about an acceptable and workable settlement in vietnam than the president of the united states. >> washington, and in particular the white house, has been a focal point for groups demonstrated for or against something or someone. is a citizen'sts right under the constitution. president nixon is aware of the objections raised by the vocal minority both responsible and irresponsible. on him has pressure been from tho

aid provides to people across the world is an expression of american compassion. but it is also a reflection of our history and our values. we know that the free exercise of religion is what brought the first pilgrims to our shores. ronald reagan often spoke of his belief that america should be a shining city on a hill, an example of liberty for the rest of the world. of course he was borrowing from one of those same pilgrims, john win throp who was in turn borrowing from the gospel according to matthew. u.s. aide works on religious liberty because we firmly believe that it's not merely an american value but a uning versal one. simply put, billions of souls all around the world feel strongly that their spiritual beliefs give purpose and meaning to their lives and protecting each other's right to worship is really protecting each other's humanity. in today's world, too many people in too many places are attacked and persecuted merely for exercising this human right. in northern iraq, isis has committed genocide against christians and other minorities. in one commun

secretary dominic raab became involved in this diplomatic stand—off, saying he had called the american ambassador to expressntment" that the woman had left the country. the options open to the government and the police are limited, but harry's family say they cannot grieve properly until this tragedy has been resolved. duncan kennedy reporting there. democrats leading the impeachment inquiry into president trump have issued a legal order demanding that the white house hand over more documents on its dealings with ukraine. mr trump is accused of abusing his position to put pressure on the ukrainian leader to investigate his presidential rival, joe biden. our north america correspondent chris buckler reports. no matter where america's commander—in—chief goes, there's no escape from the talk of impeachment, or the many questions about his request for a foreign government to investigate one of his political rivals. requests for documents from the white house have become demands. with a subpoena issued by the democrats, alongside a strongly worded letter, that accuses the president of choosing a path of "defianc

. >> the opening bell here, s&p 500 at the cnbc real time exchange at the big board, american expresslebrating the launch of its reinvented corporate card program. at the nasdaq, interactive brokers, buyer of automated trade execution. >> talk about companies that are on the hot sheet i thought a very good quarter, people didn't like it. they started coming back there is reversion out of fin tech into ex-fin because of jpmorgan the stock went up after this big decline on the free -- no commission these two stocks are emblematic of what we do now. the customer keeps winning is that good or bad for the companies? >> going to potentially affect cpi, financial services. i was going to ask you, you mentioned transports, the russell, banks, semis. which of these short-term rebounds that we have seen means the most >> it will be transports and that's only because what we're really worried about is are we going -- you want to take this recession you walk the table and the semis can't do that they're too worldwide in many secular issues the reason why i focus on the transports is because they

almost every day, there are some americans who come from around the country to express their views because this is the seat of the federal government for all 50 states. [chanting] >> not all come to protest. some come to promote a cause. but no matter how worthwhile or meaningless the issue, how popular or unpowered, sound or foolish the cause, demonstrations are part of the american edition. -- tradition. [chanting] >> realized that what is happening right here and right now with all of the demonstrations. >> according to many people including president nixon, this demonstration does not reflect the views of 200 million american people. on the contrary, some observers say these demonstrators beat only for a minority while the silent majority supports american policy in vietnam. the silent majority includes many people have not demonstrated but who nixon believes share it certainty of the honorable resolution of the war in vietnam. >> but how can president nixon tell that these people support him? how does he know they make up a majority? how can somebody tell what different people are thi

he's speaking out of the virtue of keeping an open global internet as it is based on strong american free expressionalues. >> are the values or practices different when they relate specifically to mark zuckerberg, when he gave those remarks, the student journalists in the room were not allowed to ask any questions. >> i was not there. >> it was reported by the ap. you can be there and i was not there either but i know it is reported. >> sure, sure. i think the way in which the questions were gathered from students that they wipe down the questions and they were picked by some of georgetown university, something that the university itself decided on it. it feels not a facebook's decision and which they selected the question was left to the university as well. >> of course, you do understand how that would benefit mark zuckerberg. the way it should work, mark zuckerberg gives the speech and based on those remarks, you then ask questions. if people write down the questions before, they have no idea what he's going to say. his communication team can cherry pick those questions so he can answer whatever

t industry in american history, but also there's something expressive about the american character thatcomes through in the history of american spirits. but, you know, a book like this, my last book was about the civil rights act, i think the thing that fascinates me particularly about the 20th century and let's say the period going from around this time up through right before i was born. i was born in 1976 and, you know, what's that span like, right? the ascendancy of america in its own mind and also in the world. so what is the development of that character and what are the tensions in that character. my background academically, to the extent that i have an academic background, i studied international relations and history. and so i, something that really fascinated me about this was the opportunity to do both of those. what does this story that's sort of archetypal story about these men and this man, theodore roosevelt, what does that say about the american character in relation to america's movement into the world? and how did it define how we i saw ourselves in the world? and that

he's got this american express deal where you can split a check with venmo there is like a tray of everybody'smx card when you go out to dinner. not anymore. >> we appreciate it if you just picked it up, jim. >> i picked up you know what i used my apple goldman card. do you have one? >> no. >> why not in. >> no. >> do you have what a magnesious what do you got. i do not leave home without my apple card. >> actually, the green card is getting a big re-do. it's a big deal. >> the millennial's love it. i happen to love that san francisco -- i think it's jam. you go to that, david, and the podcast now a gigantic yawn. >> who said i was yawning? i was breathing in a lot of air. >> i will get you a cpac mask. >> cleansing breath. >> maybe it's in honor of the opening bell where we got precious metals nova gold, rick partners, providers of risk management insights. jim i did see you thought microsoft was best in show again. >> oh my, satya nadella, they're growing. azure is not growing as fast andy hood is one of the best cfos, look, when you crush it like we are, you are gathering more and more peop