(uplifting music) >>> i am brian sullivan. here's what's coming up. stocks dropping as optimism fades for hope in u.s./china talks. fed chair powell set to speak this afternoon. >>> speaking of stocks, credit suisse naming names. seven contrarian stock ideas for you. >>> and new analyst, new opinion. one of microsoft investors, a bullish call we have that and more on the halftime report coming up in a few minutes. carl, i'll send it back to you now. >> see you in a bit. >>> trade talks obviously set to resume in washington this week the trump white house widening the trade blacklist, 20 entities including china startups added to the list which restricts organizations doing business with american firms.

for "nightly business report" brian sullivan. >>> controversial and inappropriate comments made by keninvtments flechld's board of engss terminated the business rnltwi fish he were amounting $million following a similar decision by michiganga retireme system pulling 10 million. fidelity is revieieng relationship is the money manager as is the florida state board of administration. and the boston mayor has asked that city's retirement board to end its relationship with fisher investments. the comments were made at a recent financial conference in a memo to employees obtainedy routers fisher apologized. >> volvo is the latest auto maker to roll outan all electric vehicle allt of the wave of plug in mod ms the stre plans to put on the road in the next five yeart s there enough demand for vehicles powered by electricity in a world with relatively low gasoline price sns phil lol bow has the story. >> reporter: this is the latest model in a slough of electric vehicle that is could dramatically changehat we buy and drive in the future. the xc 40 volvo's first all electric model going on sale

for "nightly business report," i'm brian sullivan. >>> american expresstr seesg results.ere with he begin tonight's market focus. the credit card issuer topped speck achesriven by card holder spending more andnd payi more of their bal american express also reaffirmed 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 c

i'm in this morning for brian sullivan we start with breaking news out of hong kong where the chief executivearrie lam just wrapped up a press conference. our own chery kang is live >> going forward with what some key people call a last resort banning face masks, invoking emergency powers giving them the power the make laws in emergency situations and goes ahead with those measures the hong kong government highlighting or trying to minimize the reputational damage of this discussion take a listen. >> hong kong is not in a state of emergency we are not proclaiming that hong kong is entering a state of emergency but we are indeed in an occasion of serious danger. i would say we are now in rather extensive and serious public danger >> this comes amid escalating violence amid the hong kong arrest the government going for something stronger and more effective. that is the hoping at least. we have a three-day long weekend coming up here we'll see how effective this mask ban will be >> chery, how does this reflect with the constituency? this is the first time something like this has been evoked? >>

i'm contessa brewer in for brian sullivan crude prices as a result of news an oil tanker has caught firewe'll go live now to tehran. what news are you getting here who is behind it >> reporter: good morning, contessa we don't know who is behind it right now. but the national iranian company says that vessel that belongs to them has sustained damage to its hull after it was hit by two explosions within a half hour. iranians are saying that this was an act of terrorism. they suspect the damage was caused by missile strikes. they say the ship was about 60 miles off the port city when the attack happened. iranians are denying any serious damage they say two store rooms had been hit it has been contained now. also that the crew on board are safe they are working to stabilize the ship there were reports that the ship was on fire. state media have released some images it appears to show a minimal amount of damage authorities here are saying the ship's engine hasn't been damaged and they are making efforts to bring the ship back to iran waters "ran iran's oil minister has called a i meeting abou

brian sullivan is all over it with a closer look >> if you want to drive a tesla, have an ipad or a fighteret, you'll need what is in this rock in that mine coming up, we'll talk about how this mine in the desert of california could power the future that's next. thank you. ah, you could say that. so how are things with you guys? great. thank you. thank you, sir. lunch next week? terrific. say hi to the team. will do. call my office, i will. -sounds good. alrighty. servicenow. works for you. 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. >> a live shot of hong kong. the sun just going down. still unrest a big part of the story there in china. turning now to britain working to save the brexit deal ahead of the october 31st deadline boris johnson has plenty of work to do back home. willem marx joins us now from brussels with the latest >> dom, it depends who you talk to this is the third time this year the french minister has c

i'm brian sullivan let me be the first to wish you a merry christmas. why not?e are already seeing decorations at the stores. your chart has nothing to do with earnings. it has to do with that wild ceo shake up that has the service now ceo to nike. service now down on that move. they'll miss their ceo apparently now is the ticker and that stock is now down nearly 10% we'll get you more on that story coming up. first, how your markets and man are setting up the day a lot of individual stories to chew on. overall, the markets didn't do a lot. futures are down a staggering six points we are seeing s&p down down a couple of percentage points in japan, the nikkei 225 grinding higher. again, day after day, thenikke seems to be going up anoth another .3%. we have it up two, three, four tens of one percent. keep an eye on the nikkei. china did fall we are not seeing these big moves. remember brexit, the deadline. it looks like boris johnson will be able to get his plan through but we are just not sure now the week's big story continues to be what else? earnings today, a

i'm brian sullivan welcome to the fourth quarter. the first three months have been an adventure of a lifetime the s&p 500 jumping 19% in nine months that is the best performance for the first three quarters of the year since back to 1997. the first time since then that the total returns was more than 20% for the first three quarters of the year, going back to 1997. we meleer right on to that futures up 92 indicating more gains ahead. at the end of the show today, we always do the rbi, random but interesting. we are not going to do that today. call it an entire hour of rbi. we are going to show you starts of the run and bonds have been a stand out as well. bonds have gone up considerably. yields have come down. we've come up but we are still at 1.74% in asia, all the chinese markets were closed for their national day. we have news out of australia. cutting interest rates for a third time now to an all-time low. australian market up .81%. japan last month had its best month in a year. the nikkei has started slowly in the last couple of

. >>> i am brian sullivan. here's what's coming up.cks are unsure about phase one trade deal but earnings season is back, big banks on deck. how experts are positioning their portfolios. >>> data storage stock western digital surging 60% just this year analysts are not scared. getting another upgrade today. we debate in your call of the day. and jon najarian stay with us for his latest trades and unusual activity, all that and much more on the halftime report. jon, back to you right now, my friend. >> thank you, brian. >>> and the fight over fooalse hoods in ads as elizabeth warren buys an intentionally false ad that claims mark zuckerberg supports president trump ylan mui has more. >> this fight is getting personal look at the ad starts by claiming that zuckerberg endorsed president trump for re-election, then admits that's not true, does argue that what zuckerberg has give trump free reign to lie on the platform and pay them gobs of money to push out lies to american voters. facebook responded by saying the company believes political

i am brian sullivan. investors having doubts about this phase one of a trade deal. they're getting ready for an earnings avalanche this week. it is 12 noon. this is the halftime report. >> wall street under whelmed about the trade truths. the big banks leading the flood of earnings this week. the traders take their position. shares of western digital soaring 60% this year. and it just got a huge upgrade. it's our call of the day. the investment committee is ready to go. "halftime report" starts right now. >> good monday. happy columbus day. your investment committee today is joe, john, jenny harington, mr. ron, cnbc contributor. and also with us is keith banks, bank of america's vice chairman, head of the investment solutions group. welcome. safe to say that the friday euphoria over a partial trade deal, so-called phase one may be fading fast. our sources saying that china wants another round of talks before signing any kind of a deal phase one or otherwise. secretary mnuchin saying he expects tariffs to go up in december if there is no deal in place with china by t

thanks for being with us here on this monday i'm brian sullivan appreciate you joining us exactly 5:30well, could today be the day the broader stock market hits a new record well, looks like it right now. long way to go, but remember we just got within one little point of that record on the s&p 500 on friday and futures,they're up right now not a lot, dow is up 50 points but we are in the green nonetheless. you also want to watch big technology because kind of quietly the nasdaq had its best week last week in about two-month time big tech doing well. >>> in asia, seeing more green on the screen as well. despite the 21st straight weekend of protests in hong kong, their market continues to run and the nikkei 225 higher as well >>> and look the nikkei 225 over the last five years. we have been talking tact japanese market saying keep an eye on it. keep an eye on it, it's grinding higher with today's move, the nikkei 225 hitting a new one-year high. we're just off that five-year high which we hit in mid 2018. so the nikkei 225, the biggest, ewj, that's the biggest etf the japanese market.

afternoon or good evening and welcome from wherefore in the world that you may be watching i'm brian sullivanhanks for joining us here on "worldwide exchange. your chart of the day really maybe chart of the year and perhaps the one stock that everybody will be talking about and certainly is boeing. investors losing a lot of money on friday. that stock down nearly 7% and taking the dow 170 points down with it. a rash of headlines and breaking news this morning as well as over the weekend, we're going to break it all down for you. we have phil lebeau coming up live in just a couple minutes. but first, on a macro-level you better get ready because this is a monster earnings week. hundreds of the biggest companies in america set to show off their numbers and maybe this is finally the thing we need to look past things like trade fights and brexit as your driver for stocks, at least for right now. nearly half of the dow will report their numbers this week, there are some of the names and ahead of it, futures, well, they are mildly higher. not a big jump we're seeing dow futures up 53 points right n

i'm brian sullivan happy monday thanks for joining us.ere is how your money, markets and global markets are looking dow futures are indicating that the markets will drop 136 points right now at the open. remember, what we have seen at 5:00 a.m. is that this trend tends to get magnified unless w see big data points that change it around. not saying things will get worse but we have seen this tend to accelerate as the traders come into their desks in new york now in bond, no big economic data out today later on this week, yes. and no earnings out today but of course the big earning season hard to believe already kicks off next week. right around the world you had china and hong kong closed for a national holiday the japanese market down fractionally .16 of 1% and south korean economy rose and australian as well in europe, not a major trend that we are seeing anywhere overseas yeah, there's a lot of red but the numbers there are quite small. >>> so, there's your set up. let's get to the news and begin, where else, with trade and the likely r

i'm brian sullivan thanks for being the with us to start your week.s columbus day here in the united states so the bond market is closed. stocks are trading but a lot of people off, their kids are off so they're staying home. when bonds are closed, we tend to see lighter volume in the equity markets but remember, light volume can often translate into larger price swings simply due to lack of liquidity dow futures are in the green but we'll call them flat you can see here not the same story in asia the optimism we had here last week, it trickle ed over to sta their week in asia shanghai or japan or south korea up more than 1%. not translating into the european trade this morning where we have the opposite normally these markets tend to go in kind of the same direction. not today. asia was up. our futures in the middle. we'll call that hot, medium, cold i guess and we're seeing these markets coldish. the european markets down 3 to .4 of 1%. as you well know, cnbc is the worldwide leader in business news and that means that our team is spread out around

i am brian sullivan at cnbc headquarters. here are your top money headlines today. it's really about three different things, a continued run of earnings, apple and facebook, both stocks up nicely this year. two, the federal reserve may cut rates again today, the decision at 11:00.your time and three, boeing ceo testimony and grilling on capitol hill, the highest priced stock in the dow has an outside influence because the dow is a price rated index. >>> at&t new streaming service hbo max will cost 15 bucks a month that makes it the most expensive streaming service out there. apple tv is five bucks a month. the hbo product will offer shows like "friends," "south park" and d.c. superhero movies and no binging. they'll offer 50 original shows but you have to wait until they roll out old school. >>> speaking of old school, is the flip phone back? kind of. samsung showing off a new foldable phone that kind of looks like a flip phone. only exploring the idea but showed off a demo video. here is the thing, if you want to do a hands free clip for social media, like a slowfi

the former bond king is a stock pick are he gave cnbc brian sullivan his favorite play right now. see what it is >> allergan, which manufactures lenses and so on is being bought by a health company called abvi. and there is still a good 7% or 8% in terms of a margin close up if and when they close the merger three or four months from now. >> blinded by the sun there, tim. what do you think of allergan. >> if he if we look at the biotech space allergan is a name that certainly i think has been more defensive there's been m and a talk and pipeline talk about you if look at the core pipeline i think it's under pressure. the valuations in the space and balance sheets in the space give you a lot ofo add one thing on allergan. if you buy the stock you are buying the risk of deal happening. the deal is not closed not closing for several months two investment things one is the deal closing and you get two thirds cash and a third stock. you do have a risk of the deal breaking then you might want to own the stock that you get in the merge he were but the first part has to happen firps. >> t

for "nightlbusiness report" brian sullivan. >>> meanwhile, the u.s.inds itself inf another tar i tiff. but this one is not with china. late today the u.s. trade representative said it's going to impose tariffs on dollions of ars of imports from the european union. the world trade organization authorized those tar earlier in the day after it ruled that the eu unfairly subsidizes aircraft giant air bus. kayla tausche has details. >> the u.s. wil place new taris on 7.5 billion-dollar in european goods beginning october 18th after winning a long running legal dispute at the world trade organization. aircraft will be charged a n 10% tariff wle agricultural alindustrial tariffs s a 25% tariff including items from scotch whiskey t sweaters and sweet b bcuits in addition to wi abcheese a olives. a statement from delta airlines saidlanes are pased well in advance and imposing tariffs. on aircraft u companies committed to will inflict serious harms on u.s. airlines, the millions of americans they employ and the traveling public. washington and brusselig have be

components but an industry that many suggt may be ready to explode for nightl business report, brian sullivancalifornia. >>> befor we o, one last lk are look at wall street. feels like a wait andee market still. the uaw agreement still to be tified. the brexit deal still to be voted on. the dow rose 2points today. the nasdaq clied 32. the s&p added 8. and that is nightly busoress report tonight i'm bill griffeth. thanksor watching. >>> i'm sue herera. have a great eve we'll see you tomoow. ♪ ♪ ♪ ♪ man: this is "bbc world news amera." is mad mssible by... the freeman foundation; um judy and peter ovler foundation, pursuing solutions for america's neglected needs; and by contributions to this pbs station from viewers like you. thank you. laura: this is "bbc world news america.

welcome back 5:29 on the east coast i'm brian sullivan we are half way through the 5:00 a.m. hour.32 points a long way to go the s&p coming off the 14th record close new records for the overall market the dow, still more than 1% away the bond market not moving much. yields around that 1.8%. now that we are finally at a new record high. who better to do that than our good friends over at bespoke investment group we are in day 3,085 of this bull market this run is only the second longest of all time and by a long shot. the longest bull market was run from 1987 to 2000 just before the nasdaq bubble popped that run, 4,494 days gained 582% without having a 20% drop on a closing basis ever that record may norv be broken then there is this run which would have to go to june 2021 to tie that record. third longest bull market of all time, post war 1949 to 1956. just how far we've come and how far we need to go. >>> more perspective today marks the half way point of the earnings season dom chew joining us now. have they come in more like the 49ers or the browns? >> all about expectations. i

i'm brian sullivan yesterday, we did see the s&p 500 hit another record looking similar to the way theyooked yesterday dow futures, let's call them flat all ahead of the fed that rate decision due at 2:00 eastern. a rate cut certainly possible. dow futures on a holding pattern. waiting for the fed. bond could react to the yield at 1.38%. japan can't go up every single day. a down day overnight the nikkei hitting a 52-week supply keep an eye on japan the chinese market lower noticing a trend, the trend is not really a trend a mixed bag in the markets one that we have been talking about a lot. the other is the fed first the earnings we are talking facebook, apple, starbucks all releasing their numbers. expecting the first read on the third quarter gdp. down from 2% in the second quarter. you also have e fed. earnings and economy, where should you be focusing the majority of your attention joining us now, market strategist we know it will be a long day. what should be the most important? what will likely be the market mover if we have one >> i think it has to be the fed. brian, we have thi

i'm brian sullivan from here at cnbc studios the markets are cold but on the east coast, it's going tot. 90 in new york, 96 in washington, d.c. it is, by the way, october 73 already in the bigapple and new jersey hot outside. icy on the markets the dow falling 343 points giving up all the third quarter gains. dow futures given up 180 points. we get a better read as the hours creep on and traders start to fill the desks. dow futures indicating another lower open october has the represent of being a volatile month and one of the worse performing months october got a bad rep. the last few years, october has been strong. we think october is bad because that's when the 87 crash happened the last few years, october has done well. buyers came in yields came in yesterday they remain down 1.63% all these moves in the last 24 hours stem from this u.s. manufacturing purchasing managering index the ism manufacturing number came in at 47.8. that is the lowest reading this is a 10-year chart. here in 2019 this is 2009 remember what happened here. financial collapse, it popped back up, thank you oil

i had to good morning, good afternoon, good evening i'm brian sullivan thank you for joining us we begin by tracking some wild moves. you may not care about currencies but you probably do care about brexit. you can see a wild move here around 1:30 in the morning or because of new developments in brexit talks see that moving up it has come down from its highs. that market reacting to a couple of headlines we'll get more of that coming up in a second. here is how your macroand global markets are setting up should have a normal day of trading. yesterday, columbus day, no bonds. everybody is back. kids are back in school. the bond market back open. not moving a whole lot we've split the difference over the last couple of weeks going to asia. news coming out of china we had inflation data. it came in a little hot. it was the biggest rise in that number since 2013. think about that inflation coming in nearly the highest jump in six years, tariffs may take their toll there as well. let's get a quick check on the european market. the ftse 100 is down we are siege other markets wildly higher. equ

welcome back happy halloween, by the way, which is also apparently the final day in october i'm brian sullivanet's see how your money is looking right now. looking a little more scarey futures were up 20 or 30 points most of the morning. you had headlines crossing that china may be more reluctant to sign a long-term trade deal that sent things down about 60 points but it was a quick flip. on your earnings front, two names to watch this morning. apple reporting better than expected number reporting up beat from wearables like the phone and the watch. reporting a big holiday quarter and turning those fortunes around stock up nearly 60%. facebook fresh off the pressure from twitter on political ads. facebook up 4.5% nearly 8.5. one of the big factors driving reaction this morning is the federal reserve's decision to cut rates. despite that move, the fed believes external pressures on the american economy appear to be easing. >> we have that phase one potential agreement with china which if signed and put into effect could have the effect of reducing trade tensions. that would bode well for busine

continue to watch "worldwide exchange" here on cnbc ♪ >> good morning. 5:30 on the east coast i'm brian sullivanetting you up to speed. in the red i want to show you something we are down 43 points. nasdaq indicated we might open up flat to slightly higher nothing could be further from the truth. i want to look back at just the last couple of hours while you were sleeping or whatever all these trade headlines sending the markets on the rise. yesterday, late afternoon, early evening. futures opened up and they opened up down i was prepared to say stocks were down 200 points not the case as more headlines came out more negative headlines, we saw futures coming back. basically, in the course of four hours, futures today, 400 points 200 down and back up getting to the news that has been moving markets like that. that has been trade and the conflicting headlines around talks in d.c among the headlines breaking, south china post reporting deputy level talks fail to see progress on subsidies. also saying those talks that will begin on the high end will reportedly end 24 hours earlier than planned howev

from wherever in the world you may be watching, i am brian sullivan stock futures are up the dow up 109ind words out of the fed yesterday properly overpowering fears. dow futures up a solid 109 right now. in the bond market, keep an eye on these yields. 10-year note yielding 1.54%. with he see the gap between the two and 10 ever widening just a bit the japanese market fell on the nikkei the hong kong market down. in europe, we are mostly higher across the board as well keep this number in mind 17 why? that brexit deadline now just 17 trading days away. october 31 17 trading days, including today before we hit that major mark. >> let's hit macro to start your day. on one hand, you got the bad guys you got trade war and brexit on the other hand, you got the sheriff and his team standing ready for the market. the question is this it, who wins here is the fed. growth should in no way be confused with the large scale asset programs we deployed after the financial crisis the recent technical issues and bills we are contemplating to resolve that should alter the stance of the policy >> powell

watch interview there why one of the smallest things in the world could have the biggest impact brian sullivanloser at rare earth minerals coming up next why lady gaga has the twitterverse reeling over her comments about fortnite. it's trending as we return after this ♪ you should be mad they gave this guy a promotion. you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. >> some of the largest names may have the biggest importance. so-called rare earth minerals are the topic. brian takes a look at this industry >> rare earth, 17 minerals you may remember funny sounding names they look like little more than sand but they are perhaps the most strategic minerals now. a cell phone, tv or rechargeable battery and production of magnets necessary for building renewable energy united states used to be a leader china figured out how

(uplifting music) >>> i am brian sullivan. here's what's coming up.dropping as optimism fades for hope in u.s./china talks. fed chair powell set to speak this afternoon. >>> speaking of stocks, credit suisse naming names. seven contrarian stock ideas for you. >>> and new analyst, new opinion. one of microsoft investors, a bullish call we have that and more on the halftime report coming up in a few minutes. carl, i'll send it back to you now. >> see you in a bit. >>> trade talks obviously set to resume in washington this week the trump white house widening the trade blacklist, 20 entities including china startups added to the list which restricts organizations doing business with american firms. worth noting several on the list, joining us on the phone, florida republican senator marco rubio. good to have you with us good morning >> good morning. >> this entity list is the story of the day china is urging the u.s. to remove those entities from the black list why did the administration do this right when talks were going to begin >> i don't think these

some of the most important elements in the trade battle what are they and why should we care brian sullivanntain pass, california live today looking at that answer brian. >> yeah, those are great questions. i was asking myself that very question when we were here at the mine at 3:00 in the morning. why do we care for a will the of reasons. here's the irony if you want to have reknewab newable, wind turbine, drive a hybrid or electric car, if you want to be green, you're going to have to dig in a mine like this because so many of the key components that make the new technologies work actually come from just digging rocks out of the ground, refining the process down and then converting them into magnets so this mine here in mountain pass, california is about 60 years old. every color tv screen in the world for 40 years came from the rocks here but now as technology's advanced, they've developed all these new technologies and basically, they're they go into magnets. there was a bunch out there. about five that matter and they're so critical that the trump administration put an executive order

brian sullivan, thanks for joining us. >>> when we return, the sec pushing the t mobile sprint mergergh what comes next? brendan carr joins us after the break. devices are like doorways that could allow hackers into your home. and like all doors, they're safer when locked. that's why you need xfinity xfi. with the xfi gateway, devices connected to your homes wifi are protected. which helps keep people outside from accessing your passwords, credit cards and cameras. and people inside from accidentally visiting sites that aren't secure. and if someone trys we'll let you know. xfi advanced security. if it's connected, it's protected. call, click, or visit a store today. >>> the sprint/t-mobile merger gathering light from yesterday now turning to the multistate lawsuit, the $26.5 billion deal. joining us with more commissioner brandon carr. commissioner, thanks for joining me >> thanks for having me on >> you believe two competitors in this space is better than one strong and one limping along how long can the court afford to wait before this gets decided one way or the other >> i think y

let's get to sully >> all right, carl morgan and jon, thank you very much i'm brian sullivan in for scott again today. if you see him, let him know we miss him trade whip sawing this market around and the talks don't even kick off until tomorrow. it is 12: noon and this is the halftime report. >> optimism about trade and the fed pumping more liquidity into the market are stocks primed for a major rebound. then fedex getting downgraded. it's our call of the day apple pushing closer to all time highs. the tech giant may be eyeing a

i'm staying away from j&j. >> meanwhile, cnbc's brian sullivan spoke exclusively to pimco founder bill gross last hour and brian joins us now with more from that interview. brian? >> yeah, morgan, it was great to see bill again and welcomes us literally into his house here in laguna beach, california wide-ranging interview, by the way. and we obviously talked about fed policy, interest rates, and even how he sort of moved into the stock market he was always known as a bond guy, but now he's purely uncon trained and can do what he want. he's trading and investing his own money worth more than $1 billion. and we talked about stocks as well but let's get back to fiscal policy first, guys obviously, you've got the fed right now. they've been cutting rates and doing the expansion of the balance sheet, but don't call it quantitative easing. and i asked him about fiscal policy and whether he thought we needed more. he did here's what he had to say about $1 trillion expansion and maybe another one to come. >> the thing is, brian, that fiscal stimulus that we've had with the $1 trillion deficit

let's get to sully >> all right, carl morgan and jon, thank you very much i'm brian sullivan in for scott again today. if you see him, let him know we miss him trade whip sawing this market around and the talks don't even kick off until tomorrow. it is 12: noon and this is the halftime report. >> optimism about trade and the fed pumping more liquidity into the market are stocks primed for a major rebound. then fedex getting downgraded. it's our call of the day apple pushing closer to all time highs. the tech giant may be eyeing a new product. should you buy into this run analysts getting more bearish on netflix. the investment committee is ready to go. halftime report starts right now. >> sounds like a good show good to have you with us on this wednesday. your investment committee. mr. joe, john and pete and michael farr, ceo of farr, miller and washington. maybe you guys got out at wilmington together. your main headline china reportedly open to a partial u.s. trade deal despite the fact that this headline's been out there for about 18 months, stocks are marching higher on the news the d

brian sullivan is tracking u.s. following the auto industry. you can imagine why. gm and uaw come to an agreement. julia boorstin is watching the big stock winner of the morning, netflix. let's start with willem and the results that may be turning out positively with the brexit talks. willem >> that's right, joe we had an agreement between the executive branch of the eu and british government led by prime minister boris johnson, who will be arriving here as we speak he will be giving a press conference in half an hour alongside the man that runs that executive branch of the eu commission they'll be both celebrating the fact that they finally reached an agreement after a frantic couple of weeks over the legal text and, no doubt, slightly cautious about how this is received back in the uk. on saturday for the first time since 1982, a british parliament will seat on a weekend they'll be debating whether they're happy with the terms of this deal, what it means forn terms of the relationship for northern ireland and uk,

. >> no question that consumer spending money process brian sullivan about not getting a car in the newarkldn't get a parking spot packed >> packed. >> i would exit that doesn't mean they should be spending my pushback what derails what could derail consumer -- understanding it might be turning what derails consumer confidence. >> i think that stock market volatility is weighing on consumer confidence. if you get a big draw down in the market five or ten% with the fierce of recession along with layoffs. i think job growth is slowing. i mentioned job droegt is the slowest since 2011 job openings are rlg over. if people can't mold a job anymore. csx they held the line on costs one of the reasons they were cutting labor -- the labor forcing down 6% year offer year. if you see that trend continue as companies rein in costs alongs with the they're dealing with rising wages that could actually cause cracks more cracks in the consumer. >> let me pushback on that a little bit we see a lot of wage pressure. >> um-hum. >> a contradiction to you're saying slowing jobs, right the employed worker is ma

brian sullivan has a look at what it might mean moving forward. >> yes, thanks, guys energy listen, it been playing havoc with the national numbers as of late thanks to my good friend steve liesman for this data. here is a look at shipments by manufacturers to the oil and gas industry year over year. you can see not only have shipments, which is the yellow line, come down from a year ago, new orders -- future orders, the white line -- have fallen as well total shipments are down 2.5% from last year i gets, 2.5% may not sound like a lot, but when you are talking about hundreds of millions or billions of dollars in big heavy equipment orders and manufacturing it does matter the slide has been going on for a while. as of august, manufacturing data to the industry is down nine of the last twelve mont a part of the slow down is a drop in drilling activity. last year at this time 863 oil rigs were drilling for oil in the united states according to baker hughes last week, just 713. much of that drop is coming from texas. in fact, according to baker hughes, drilling rigs in texas have fallen b

we turn to business before the bell with cnbc's brian sullivan. good morning.ted to hear. >> reporter: i have been itching to jump into your conversation. it has been great, but i will start with brexit because if you want to feel better about the american government, and i apologize to your guest, just look at the uk because they were supposed to have the hard brexit on halloween. they're not going to get their act together again and they asked for a delay. now the european union doesn't want to decide on a date for the delay because they feel it would impact british elections. in other words boris johnson wants to have another general election probably in december because they can't get it together. so if you want to feel better about the united states's political situation and our in-fighting, i would say look at brexit. by the way, if you are confused, you're not alone. i'm not going to lie. i get up here and i say stuff and i hope it is right. >> that's a great concession, sully. >> because i have no idea. by the way, let me just break rules. >> go for it.

. ♪ >>> time now for business before the bell with brian sullivan. you have a update on oil prices? some oil, they produced about 600,000 a day. now they produce less than belgium. they produce nearly no oil at all. analysts are beginning to question if the troops go in are they protecting oil in the ground? the oil fields are pretty dilapidated in that region, so what is there going to be production of. so it is highly unlikely that any american company would go in there. oil prices are down from a year ago. dwoept need more oil. so i'm not sure the syria plan is going to work either. in mid december the labor party has agreed to it, so it could be up to another election in e engla england. a quarterly event now. >> thank you, time now for final thoughts before we go, mike barnbbar barnacle lead the way. some people are trying to attack lieutenant before his testimony today. she a true american patriot. he is a double eight from ukraine. he taints the testimony he will give today. i would ask congressional rea y republicans if they agree with that assessment after they read his ope

sullivan's account as false speculation calling it an orchestrated attempt to harass and hinder him in his role as president trump's attorney. joining us now, senior white house correspondent for "time" magazine, brian. he's here with this week's cover story, the secretary of offense, the lead story entitled rudy cashes in. what his quest for money and power has cost trump. good to see you. this is a story that goes back decades. donald trump has known rudy giuliani in new york circles for a long time, trusts him, i think they share an attack dog sensibility. how did rudy giuliani get into a position where he could run a shadow foreign policy around the world? >> so like a lot of people, we've been hearing from our sources and people are asking the question what happened to rudy? this doesn't seem to be the rudy we remember from 20 years ago. we went out and talked to people that worked with rudy in the white house, people who used to work in the white house and people who work closely with him when they were prosecutors over the last 20, 30 years. and even people who are close to rudy have felt that in the last ten years he has really tried to make more and more money and then ever since donald tru

. >> brian sullivan, thank you very much.ng of john conyers. but for the majority of his career, representative john conyers was a star on liberal issues. if it wasn't for him we would not have the martin luther king holiday. he has been put on the just a second for questions of reparations. he fought on the front lines for questions of vietnam. he was a towering giant. his career is a example of who and what he today for. we lost a giant today. >> the interesting thing too, eddie, is if you look at a guy like john conyers, he had notoriety, but the tirelessness of this man and so many others. >> and i think we'll have to look to see if the president salutes his passing in any way, shape, or form. he did eventually to elijah last week. >> really a measure of a man with all of the people that showed up for elijah's funeral. >> hello, i'm kris jansing and it is monday, october 28th here is what is happening. house democrats are hoping that today is the day they will get answers from john bolton's right hand man. a key witness s