start divvying it up starwood chairman barry sternlicht u.s.p a little bit i'm waiting for 1776 i know that there never was an american dream, but i still get a little misty when i see that number 1776. >> i think it's a great country. we're at 1.769 at this point, andrew no american exceptionalism i wish someone had told me i got so patriotic. >> it's not a right, it's something we have to fight for every day. >> you said it never existed that's what makes me sad. >> what never existed, the american dream >> there was a moment where we really could accelerate. >> anyway -- >> still pretty good got a good system. >> he's wrong because -- >> i'm wrong for a different reason >> false narrative. >> i'm living the dream. >> happy to debate. >> we have some headlines to bring you. just crossing in the past hour, coca-cola posting earnings in line with estimate, revenue organic growth topping expectations take a look at the shares up about 2.5% american express beating the street on the top and the bottom lines. the company said more people used card

softbank i think has less than that meantime, jpmorgan's package adds $5 billion bringing in barry sternlichtl. we talked to him briefly about this i don't think we understood his role in it at that time. the proposal consists of several parts including new bonds, some with very high interest rates. softbank's offer, we should mention, would value the entire company about $8 billion which is so far from the $47 billion valuation before its attempt to go public. the $8 billion valuation, softbank would have double the amount of money in it, more than double the amount of money in the company altogether there you have it. >>> coming up, what should be the optimal tax rate for the nation's rich? that's the question on the table. we'll get adam neumann to weigh in we'll get robert frank to join us with his preview of that story. robert. >> not much wealth there to tax. the top tax rate for the rich used to be over 90%. now one of elizabeth warren's economists say it's time to go back to the good old days. metoaxg als too high when it cos tinweth back after the break ll 25. that's why i take osteo

thanks to barry sternlicht and andrew ross sorkin "squawk on the street" is next ♪ i just got paid ♪ust got paid >>> good friday morning. welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. futures are steady as we wrap up the first big week of q3 earnings coke and amex look good. downgrades of caterpillar, macy's and others. big weekend ahead for the uk as parliament meets in a special session to talk brexit ten year 175, four fed speakers today. our road map begins with global growth concerns. china posting the weakest gdp in 27 years aed my fallout from the trade war. >> we'll wrap up the first week of earnings season, two names in focus, coke and american express, both rallyi ining aheaf the bell. >> rick perry set to leave trump's cabinet. he will join us live this hour going to start with that slowdown, china saying the economy grew 6% in q3 from a year ago, believed to be china's slowest gain in nearly three decades. markets here largely shrugging it off industrial production was up from the prior five to 58. ret