. >>> a group of private equity firms are going after arconic. blackstone, the carlisle group and others have joined forcesn a bids to acquire the aluminum maker arconic. they do face competition from other buyout firms. an activist investor has been pushing arconic to explore a sale. shares were up to $23.40. >>> the paint and coatings company ppg is raising the price of its car paint by an arage of 10%. this to combat a rise in raw materials, freight, dtribution and labor costs but after the bell the company warned that its ird quart results will be impacted by softening demand in china and foreign currency fluctuations. after closing higher it immediately sol off in after hours trading. >>> barnes & noble extended its gains in the margin today following a reported barrons over the weekend that said theo could rise further. shares got a lift on the news at they are entertaining bids from interested buyers. today they rose another 1% to $7.02. >>> walmart is taking on netflix and hulu. they're creating content for its video on demand service cal

are the routers says that values arconic at 23 and $24 a share. the company hoax hopes to make a decision on whether to sell olitself before it the investor day next month. shares fell more than 3% to 20.65. >>> coming up, we are looking for pockets oftrength in this otherwise head spinning market day. >>> it is no secret that october has been volatile. but even with the broer marke down more than 5%, there are sectors that are higher since october 1st namelyli utities and consumer staples. let's talk more about the pockets of strength wh mike bailey director of research at fbb capital partners. z nice to see you welcome back. >> thanks for having me back. >>> we are getting to specific picks in a minute but i guess i shouldn't be surprised at the strength in the utities sector and consumer staples, right. >> absolutely, o, yes if you are in a risk off moment it seems that's where we are. maybe you look for the most attractive areas or the safest ilays if you. . ies are at the top there. what we see is investors are really worried about tariffs, w

economy we'll bring you her comments >>> and shares of arconic jumping on some deal chatter full details ahead it's wednesday, october 31st "worldwide exchange" begins right now. ♪ >>> good morning welcome to "worldwide exchange" live from london i'm wilfred frost sitting in for brian sullivan let's get to the early market action for you futures are pointing higher. a decent bounce yesterday. we saw markets close significantly higher after what has been a wild ride during the month of october for markets called higher by 165 points or so on the dow. the nasdaq higher by 79. the s&p by 21. yesterday we were up 1.6 for the s&p and nasdaq, 1.8% for the dow. this is the last trading day of the month. markets very much lower. 6% lower for the dow 8% lower for the s&p nasdaq down 11% for the month of october. it looks like we'll end on a positive note. facebook shares are higher the social media company reported a mixed set of numbers. but profits topped expectations. revenues and user growth did slow we have it up 3.4% in after market trade let's dive in to those numbers on the cnbc news line

> este tarde una cuadrilla de trabajadores colocó maquinaria para llevar a cabo el proceso para el arcónociales para llevar a sus estudiantes. en 13 como al volver. >>> se firma una nueva ley que despenalizaría delitos relacionados con la marihuana. >>> el pronóstico del clima en solo minutos el gobernador firmó una ley que obligará a los policías a publicar imágenes de las cámaras de los agentes en un periodo no mayor a 25 días. la difusión de las imágenes son cuando policías disparan un arma o uso la fuerza. >>> propuesta de ley para sitios seguros en san francisco. se pide que simplemente un programa piloto para ti los adictos pudiesen inyectarse narcóticos bajo la supervisión de personal médico. >>> ley que buscará que personas sancionadas con delitos de mariguana puedan borrar antiguas condenas. el departamento de estado determina quienes serán elegibles para eliminar condenas. >>> un plan para construir viviendas en los alrededores también fue aprobado por el gobernador. según el diario funcionarios tiene 4000 u habitacionales. actualmente solo existen 2000 viviendas cercas de esta

. >>> arconic -- that would be worth between $23 and $24 a share.f $21.25. still below that bid at $22 a share. and we've got some earnings just out from harley-davidson harley beating estimates with profits of 68 cents a share. revenue also beating estimates as well. obviously harley has been in the middle of all of these trade war talks about where it's going to be manufacturing its motorcycles and other vehicles but again, on this earnings report, better than expected news and a gain of 4.5%. >>> treasury secretary steven mnuchin met with the saudi crown prince yesterday mnuchin withdrew from the summit taking place right now in the kingdom. but he visited the crown prince to hold talks on joint efforts to counter terrorist financing also about curbing political influence. the two men discussed the khashoggi investigation, it was said reuters reporting that saudi arabia will sign deals with more than $50 billion at that conference we'll have more from riyadh in just a little bit. again, today is the day we just heard from turkish president erdoga

. >>> apollo global management is in advanced negotiations to buy arconic.bout $23 per share the source on this says that the negotiations are ongoing the price could change so it would be an $11 billion deal apparently they are very advanced we reached out and they gave us no comment on this story that's what's happening. that's why the stock has been moving after hours trading now up almost 7%. back to you. >> thank you, sue. comment on this stock which is down 20% over the last year? >> it became a special situation. >> it was the first stock that reported an earnings from the dow. it wasn't the dow. then it split in half. the ceo got fired for some bizarre letter >> we are talking about the public stock market here i spent a lot more than i did a year ago people were still guns ablazing there. >> you're talking deals >> yes there is a lot going on. we have seen the news stories. >> why hasn't the market swooned down in october? >> because you're still seeing the opportunity and you're able to think longer term you're not playing pinball all of the time.

apollo global management is in advanced talk to buy arconic.ake aluminum products for cars and airplanes. this followed aluminum tariffs that drove up some costs for arconic. the deal could be reached as early as next week. shares of arres arconic are dow% this year. shares of apollo are down 12% so far this year. maria: coming up, nancy pelosi making a midterm prediction. >> let me say this. up until today i would have said if the election were held today, we would win. now i'm saying is we will win. maria: hour o more on her coms coming up next. plus, apple revealing the new ipad, the other high tech giants from the technology giant later this hour. back in a moment. ♪ hey guys. today we're here to talk about trucks. i love trucks. what the heck is that?! whoa! what truck brand comes from the family of the most dependable, longest-lasting full-size pickups on the road? i think it's the chevy. ford. is it ford? nope, it's not ford. i think it's ram. is it ram? not ram. that's a chevy! it's chevy! that's right. from the family of the most depen

reporting better than expected profit and revenue and arconic spiking on a report of talks to akwoir the parts maker for more than shh 11 billion. >> what's the key you are watching for tomorrow besides equal weighting. >> to see if we g goat gol are follow through. >> we are getting follow through and "fast money" which starts right now. >>> families starts now. live from the nasdaq market site the traders stim teerm brian kelly steve grasso guy adami tonight on fast we are all over the big earnings reports after hours. facebook the big one obviously but watching electronic arts mgm reports and amgen. and julia boorts isn't all over the earnings call for facebook we check back with her a in a few moments. but first the market valuey and stocks fighting back at least for today the dow jumping 400 points surging into the close the s&p climbing out of correction territory is this another head fake or maybe the rolly for feel. >> it's another head fake if you want me to answer the question. >> an honest answer. >> it is an honest answer. >> always appreciate it. >> a first for everythin

. >> let's move on >> shares of arconic down more than 7%.rs are betting there's upside ahead pete najarian following the money in minneapolis pete >> it's interesting because just over the last week and a half or more we've seen incredible amounts of activity coming in, actually expecting the stock to move to the upside nothing but bullish activity today is a good example the december 22 calls are getting bought 5,000 of those were bought today. looking for some upside, not a whole lot. you can see the stock is trading just over $21. looking for upside to happen for this stock we've seen this paper coming in time and time again over the last couple of weeks by the way, i'll be on the calls and a two-month hold gives you an opportunity to see if the stock can make the move the fxi similarly has had nothing but paper flowing into it the stock has been trading in this range from $39 up to $41. it's starting to get off those low as little bit. the fxi almost 50% of that is financial services it's the large cap, china. it's very interesting that

shares of arconic are up sharply. reuters says apollo global is in advanced talks to buy the company. a deal may be worth more than $11 billion. that is up 8%. >>> samsung reporting record profits on chips for data centers but the company is forecasting an earnings decline in the current quarter due to seasonal weakness in the memory chip market. >>> yum china posting better than expected results. same-store sales fell led by a 5% drop at pizza hut >>> electronic arts earnings and revenue beat forecasts it released four new versions of its franchise video game in the last period. the company gave weak guidance for their holiday quarter. it's down 2% >>> janet yellen is raising a red flag on the u.s. economy she spoke with steve liesman yesterday and said that she thinks more rate hikes are needed to keep the u.s. economy from overheating she also warned there's a risk the fed could tighten monetary policy too much. yellen also spoke about the u.s. deficit calling it a major problem and adding that the national debt is

you have notable winners, arconic, conagra and newell brands "squawk on the street" will be right backe cap equity fund has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp >>> tesla stocks are rallying. elon musk can remain ceo while appointing an independent chairman but does his recent mocking of the s.e.c. call into question the board's ability to weigh him in stocks have been down 20% since the saga began in early august we're joined by s.e.c. enforcement attorney alma agnotti and betsy atkins good morning to you both this whole development has been criticizing the s.e.c. >> the board of tesla is the catch-22 the if they remove elon musk, the stock goes down 30%. if they leave him in he continues to violate the s.e.c. agreement so they have a tough decision and i think that likely iconic tech com

walt greens was a winner, arconic was a winner and abiomed was a laggard. >> a lot going on.y as bob mentioned, we don't have the bond market to use as a beacon for really what sectors should do and how the market should think about this yield story. i do think -- i often say the stock market is kind of the feckless kid brother of the bond market doesn't know how to act unsupervised that being said the market was already kind of over sold. the s&p refused to stay down below this old january high. there's been this kind of cushiony floor underneath the market down 3% or 2 1/2% from the highs. i wouldn't draw tremendous conclusions from the reversal. the market already had some wear and tear on it coming into today. >> the reversal happened once international markets were closed does that have an impact >> it could. >> is that a factor? >> it could. i don't know if that dictated the sector performance the fact that you were relieved from the pressure over seas where, of course, you do have signs of stress in china, in italy, and all the rest of it. interesting to see if it open

of emergency for 26 counties in the panhandle and big bend coastal region >>> check out shares of arconicms are teaming up to bid for a the company. those firms include blackstone, carlyle, onyx corp i don't know if you remember back in the day sort of pre-bubble days there were a lot of consortium deals and whether they could actually do these things whether there was collusion involved so anyway, ten years later we're back >>> st. louis fed president jim bullard speaking in singapore earlier this morning he said emerging markets are as prepared as they can be for change in u.s. monetary policy the fed raised interest rates for the third time this year >>> and right wing candidate jair bolsonaro -- did i get that. >> close enough. >> taking the lead in the election in brazil you may remember him from the knife attack he suffered on the campaign trail last month. a runoff election will happen later this month look at brazil's movement over the past week. you can see it there and joining us right now is rashir sharmar i don't know if you want to talk about this or china first. which is mor