joining us contessa brewer for our top trending stories always good to see you. >> thanks, brian lookscently upgraded his iphone and offered a bit of criticism to tim cook he took to twitter and sub tweeted cook writing to, tim, the button on the iphone was far better than the swipe. reports suggest the president first switched from android to iphone in march 2017 good news for the president, though, apple is rumored to be bringing back the home button on the iphone se2 that makes it easier for people who couldn't get used to that. halloween spending expected to be near record highs if a new survey 50% of millennials admit to buying accessories to include them in a post men, more than women are far more likely to say their halloween spending is driven by social media shoppers expected to bend $86 on their costumes this year that's a lot of money. >>> one north carolina man says he's feeling very lucky. after hitting it big as he prepared to wrap up his last round of chemo for colin cancer. he won $200,000. he says he was in shock. he didn't believe he won until the clerks confirmed it.

in las vegas, contessa brewer, "night business report." >> and coming up, volvo rolls an all electricuyers ready for a plug-in suv? ♪ ♪ >>> the is yet another front in the trade war with china. one that is t not often talked about. it's rare earth. meta which china produces a lot of. and which american business needs a lot of. here is brian sullivan. >> rar earth, 17 minerals mau barely remember from high school chemistry oreoloy. funny sounding names. le ty look like litite more than sand but perhaps the most strategically important minerals in the world right now. if you want a cell phone computer screen ob electric car or rechargeable batrywith, you need the mirms. they're also critical to the productionf mag nets. necessary for building renewable now the united st used to be a world leader. but 20 years chiur f out how important rare earth would be and boosted supply. prices crashed. soon,on it was no lr profitable to operate mines in the united statete the last marilyn rare earth company in north america, molly corp. filed for bankruptcy four ars ago. now rely on china for more t

/china tariff war is squeezing the lobster business like a lemon our contessa brewer found maine's lobsterealers are feeling the pinch. it's this week's cover story >> reporter: stephanie's space is small but the lobster company does big business in lobster. >> i primarily export lobster. >> reporter: and when the maine lobster industry worked to open up china markets, stephanie was right there. investing, expanding, ramping up to meet the newly voracious appetite for u.s. lobster. >> we were doing about half of our business with china. and this place would've been rocking and rolling. we had basically 24-hour operations >> reporter: but since last summer, stephanie's sales have plummeted by half. she's cut hours and workers. the impact of a trade war and china slapping tariffs on american lobster >> july 6th, 2018, it all came to a screeching halt and we didn't really sell any more lobster to china. >> reporter: she is not alone. the overall u.s. lobster industry has seen its exports to china plummet 60% the first half of this year compared to the same time frame last year before tariffs

nationals will play the dodgers of brooklyn. >> this is really tough for him. >> by the way, contessa brewerelation to the brewers and lived in milwaukee >> they loved it when i lived there. >> only a couple of years ago. i hate to see the game end like that nationals versus the dodgers >>> sure there is hong kong and middle east. we are talking about venezuela and why citco may get sold because of a hedge fund. servicenow put our workflows in the cloud. this changes everything. you're right sir... everything. no not everything, i mean you're still blatantly sucking up to me gary. brilliantly observed, sir. always three steps ahead. six steps ahead. sixteen. so many steps. you done? a million steps ahead. servicenow. works for you. you mighyour joints...ng for your heart... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. >> fourth quarter wiping out all of the third qua

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

here is our contessa brewer. we have a nice theme going on here grub hub share is potassilummet.s down nearly $150 last year. the ceo pointed the fingers of users flooded to shareholders and this was the court of the day saying "online diners are becoming more promiscuous. our newer diners are increasingly coming to us already ordering on competing oen line platform and our existing diners. >> what happened to monogamy and dining if you are being rewarded by getting your first meal on us, why would you not be promiscuous. it sounds like they don't have a great plan to turn around when they say we are going to go around and try multiple strategies hello, throw spaghetti on the wall and let's see >> does the customer loyalty lies with the restaurants or delivery service they're going to change to uber eats i am going to figure it out. i am not going to find a new way to get my chicken wings. >> everyone is talking about it and frank. >> you are hitting on it >> it is not object promiscuity. >> those diners are not so promiscuous. it gained more market shares >> door dash reporting

i'm contessa brewer at cnbc headquarters.all street set to open just off by 50 points on the dow futures. stocks fell off on worries about the economies following weak u.s. manufacturing data tuesday. the dow, nasdaq, s&p 500 off to one of their worst starts to a quarter since the financial crisis. and today we're watching for a key report on the health of the nonmanufacturing sector plus earningspepsico which just came in. >>> uber launched an app called uber works top workers with businesses looking to plug gaps. it will show workers available jobs and help companies who struggle with missed shifts and high turnover. users can get detailed information including pay, location, skills and work attire. uber says the app will enable time tracking, allowing people to log their break. >>> nearly half of americans enrolled in airline and hotel rewards programs have let their miles or points expire. millennials are the most likely to lose rewards. almost 60% forfeited hotel points, 50% airline miles, and 44% credit card rewards. ba

talks now entering its fourth week the two sides appear to be farther apart than ever before contessa brewerore on this story. >> day 22 of this strike uaw vice president sent a letter to members yesterday informing them the union presented a proposal to gm this weekend. gm reverted back to an offer that had already been rejected it says the offer did not address a host of items such as product commitments for u.s. factories and job security he says the uaw could not be more disappointed with gm and after making some progress on important issues the company has shown an unwillingness to pay its union workers fairly in a statement, gm says it continues to negotiate in good faith with the uaw and is committed to talking around the clock to resolve the contract dispute. the negotiated press reports the uaw has voiced concerns about gm increasing production in mexico where it builds two suvs and pickup trucks and small cars 20% are made in mexico gm u.s. factories have been shut down since the union walked out and the company is losing more than $80 million a day and workers are getting $250 a w

i'm contessa brewer at cnbc headquarters. looks like dow futures are off about 74 points.ors may be reacting to reports come out of china that the country has doubts whether it can reach a long-term trade deal for the united states. we saw stocks rising yesterday following the federal reserve's decision to cut interest rates for a third time this year. that was a bid to boost the economy. today we're watching for reports for personal income and spending. a deal has been struck to merge. this will create one of the world's largest automakers with the value of about $50 billion. the deal comes as the auto industry in general faces mounting costs and slowing global sales. fiat chrysler is currently in contract talks with the uaw. but puget has no presence in the united states so the merger is unlikely to threaten jobs. >>> watch shares of apple today. the latest earnings beat wall street forecasts and gave an upbeat outlook for the holidays even though iphone sales fell for the fourth straight quarter. the real stars for apple have been wearables such as the apple watch and t

kate rooney, contessa brewer, bill griffeth and courtney reagan he doesn't see that changing anytime'll talk about what that means. and take a look at shares of slack, which is down nearly 10% today and it's had a rough week. it was down 4% wednesday 5% on monday a lot of these newer tech software names we've been watching closely have had a very rough go of it we're back in two. exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare, you're covered for hospital stays and doctor office visits, but you have to meet a deductible for each and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare and they also cover your medicare deductibles and co-insurance. but they often have higher monthly premiums and no prescription drug coverage. now, let's take a look at humana's medicare advantage plans. with a humana medicare plan, hospital stays, doctor office vis

here with the headlines are contessa brewer, seema mody, and meg., we're picking up on yesterday's big story. biogen move. one day after his stocks soared on that nuancemeannouncement thd seek experimental -- for its alzheimer's drug still, plenty of skeptics about all of this. here's what the ceo had to say. >> it was a thorough engagement and the evidence came over time. we collected tremendous and -- and complex set of data, including bio markers and imaging. and the fda dedicated a lot of time to engage with us so that we come to the second meeting. as a ceo, i'm reasonably confident that this can lead to the market approval. >> so talk us through some of the -- i mean, the controversy is a little bit around -- you pointed out yesterday the analyst community not as excited as the investing community necessarily. they're like we don't know if this path of treatment, if we want to resurrecis and go down this route again. >> yeah. so there is a lot of skepticism around alzheimer's drugs just because they've been so difficult to develop and this app

contessa brewer with the news from mgm guy where do you stand. >> market mum trading 18.57 times nextear's numbers. for me if you want to trade something with the same multiple wynn is a better bet because you get tail nds for a deal with the chinese. if you force to play me the game we often play on the desk. >> i'm not forcing. >> you would you rather. >> i never force. >> that's an excellent point. >> no coercion i'm going to self-play and i would rather wynn. >> if you look at wynn, wynn up 25 year to date. las vegas up 20% and mgm up 20 peppers. the two former name haves a big are mcal exposure but go with las vegas because you get singapore in there you get three veen yews versus macao getting brody. and mgm way too vegas dependent. >> starbucks perking up on after hours. >> i like that strong fourpgt quarter for starbucks. eps in line. revenue beating expect ace comps insided 5% globally 6% in the u.s. both better than expectations. in china comps increased by 5% important market too those comps in the china and u.s. showed transaction growth they are focusing on in store exper

. ♪ >>> good morning i'm contessa brewer at cnbc headquarters. today business headlines.all street set to open higher this morning. the dow futures are up 88 points right now and the market coming off a positive week. the nasdaq had its best week since august. the s&p 500 came within a point of its all-time high friday. on the watch list for investors this week, reports on consumer confidence and jobs, the federal reserve holds two-day meeting and apple reports earnings. >>> a new survey of business economists finds just one fifth say their firms have hired additional workers in the past three months. that's down from one third in july. the slow down comes as more companies report slower sales and profit growth. economists also expect the economy to slow in the coming year, partly because tariffs raised prices and cut into sales for many companies. businesses are also less likely to offer higher pay even with an unemployment at a 30-year low. >>> spending on halloween is expected to hit $8.8 billion down from 9 billion last year but social media could play a big factor in

i'm contessa brewer at cnbc headquarters. here are todays atop business headlines. wall street is set to open in the red, dow futures off by 60 points. stocks rallied friday after the jobs report showed the economy added fewer than expected jobs last month but the unemployment rate fell to a 50-year low. still the markets were down for the third straight week overall, and trade is in focus now as the latest round of u.s./china talks are scheduled for later this week. reportedly china is reluctant to agree to a broad trade deal. >>> the uaw strike at general motors is entering its fourth week. it does not appear it will be resolved any time soon. a top uaw official says talks have hit a snag over gm's commitment to make certain products at u.s. factories. gm's plants have been shut down since the strike started september 16 analysts say the company is losing more than $80 million a day while workers are getting just a fraction of their normal pay, while they're on strike. >>> americans are eating more snack bars, but the big brands are getting left on the shelves. sa

i'm contessa brewer. here are today's top business headlines. wall street could see more losses at the opening bell today after stocks fell sharply yesterday. it was sparked by a report showing growth in the u.s. manufacturing sector shrank last month with the weakest showing since 2009. right now the dow futures are off 150 points. it's all raising more concerns about a slowing global economy. the dow wiped out all its gains from the third quarter on the first trading day of q4. today we're watching for a key report on hiring in the private sector ahead of friday's monthly ikea report. is aiming to become a major player in smart home technology. the retailer is making its biggest investment in two decades to take on the looks of google and amazon. the ceo tells "the financial times" the company is looking at air cleaners to add to a growing list of smart products it already offers including speakers and blinds and light bulbs. ikea is hiring software engineers in weeden and looking at possibly setting up in the united states. >>> okay, so that

. >> you're seeing that we have a news alert on the opioid maker contessa brewer. >> more specificallythe distributors we're talking about! committeesen cardinal health, amer source, bergen. looks like no settlement right now with the states and the counties who want the distributors to put up in a big way for all of the costs that they have been saddlesed with in the opioid crisis. the state's and counties basically say the settlement proposals are severely inadequate right now the proposal is $18 billion. what has happened the county executives came together and thanked the judge to allow the trial to move forward. that is scheduled on monday in ohio just one reminder that teva settled its outstanding litigation with oklahoma the night before that trial was scheduled to begin we have a weekend to go but right now no deal. >> and you can see the stocks moving in after hours there. and moving negatively. contessa thanks very much. >> sure. >> let's move on shall we talk about that that or you want to dogbe talk about the drug driblters. >> i'll say, tyler we had a pop in those names in

the wildfires are also putting a lot of attention on the insutrnce indus so we asked contessa brewerg. >> for insurance compa des the costoing business in california is goingp. the industry has paid out almosi $25on for wildfires in california the last two years. d actuarial firm millman wildfires season alone wiped out more than 10 years of underwriting profi for companies that write home owner policies in california. insurersre trying to make the numbers work. hiking premiums and lowering exposure. the state insurance commissioner says 340,000 rural home owners had policies dropped in four years. last year, non-renewal increed 6% statewide.e. but in fire prone nevada county in the foot hls of the sierra nevada mountains there was a 38% increase in dropped policies. and these numbers don include the aftermath of the campfire in paradise, the deadliest wildfire in california history, about 30,000 people lost homes and $8.4 billion in insured l lses were reported to the california dp much insurance. today was,he ceo of chubb insurance evan w greenbu asked about the exposure to the cal

contessa p contessa brewer got a look at what they be the future of the back seat. >> reporter: it's like a theme park in the back seat. is there any danger of the driver getting hit in the back of the head? a virtual reality experience incorporating realtime data from the car's computer on breaking, speed and turning. so the car's stopping and the game is stopping too. >> so it's synchronized in realtime. so when the car accelerates your virtual experience accatersive reduces motion sickness as well. >> reporter: in a proof ofrs pi a halloween experience this month at universally installed ineh 2021 incorporating gaming, entertainment, even education. >> a lot of people want to work while they're on the depot but if tay get motion sick they can't. and if it's motion synchronized you can be even more productive. >> reporter: think about the manufacturer of these head sets or the content creators, discovery, disney, universal. ford is particularly interested in what customers have to say after experiencing the hollow ride for halloween here at universal. >> as we're connectivity in th

contessa brewer is here with those details. >> the trump administration plans to move quickly to imposeariffs on up to $7.5 billion of goods. scheduled to go into effect. world trade organization has ruled in favor of 100% levees but washington is holding back now. heavily targeting france, britain, germany and spain new 10% tariffs but no tariffs on parts made in alabama or bibeauing. 25 pes penalties on irish and scotch whiskey cheese from nearly every country is tariffed. italian wine and olive oil will be spared. president trump hailed the wto ruling as a big win. the two sides have been fighting this case for 15 years the eu is expected to give the wto is expected to give the green light to those to place tariffs on u.s. goods. >> another tat for tat >> in less than five hours, we'll get a key reading on the ism nonmanufacturing or services index covering the vast majority that accounts for more than 80% of employment in the united states >> bringing in the chief investment officer just overall, that ism manufacturing number is arguably what provided the real down side draft to mar

tweet something out, is that an ad >> twitter's surprise announcement of what facebook had to say contessa brewer is here with this story >> facebook reported solid third quarter results even in the face of broad regulation and criticism. profit rose 19% revenue. it beat forecasts. ad sales jumped above estimates. facebook ended the quarter with 2.45 billion active users. that is up 8%. in line with forecasts 2.8 billion are using at least one service facebook, instagram, whatsapp and/or messenger at least once a month i'll switch here to go to apple. the company's personinforecast . even as iphone sales fell from the quarter. they say the iphone 11 has been the best selling launch. sales of wearables and home products and wearables like air pods jumped 54%. apple says about 75% of those apple watch purchases were wero people who have never owned bun before apple is up 50%. >> let's stay with apple, if you are thinking about buying a new iphone for the holidays, you may want to hold off the company plans to introduce more than four new iphones next year even as sells fell, profit dropped for the

. >> and i'm contessa brewer in for sara eisen let's look at what's driving the action keep that champagne chinese state media's cautious response to the announcement made friday saying, pen still has to be put to paper

and the s&p could potentially close at an all-time high with 59 minutes left of play >>> i'm contessa brewer a look at what's driving the action today the trump administration says it's close to finalizing its phase i trade deal with china. intel jumped 7% on strong results, helping lift semis to a new record

. >>> good morning, i'm contessa brewer. here are today's top buss headlines.w futures have just turned positive in the last half our. higher. continued worries about the u.s. and the global economies following weak u.s. manufacturing data on tuesday. the dow, nasdaq and s&p 500 are off to one of the worst starts since the financial crisis. today a key report on the health of the nation's nonmanufacturing or services sector as well as unemployment andacorders, pepsico just announced orders and beat expectations. uber launched an app called uber works to help connect temp workers with businesses looking to plug staffing gaps. it will allow companies who struggle with missed shifts or high turnover. pay, location, skills and required work attire. uber says the app will enable time tracking letting users track in and out and log theira enrolled in airline and rewards programs let their miles expire. millennials are the most likely generation to lose rewards. mo 60% have forfeited hotel points. 50% airline miles and 44% credit card rewards. points and miles have va

contessa brewer is live in las vegas at the g 2 e global gaming expo with the national hockey league's commissioner gary bettman. contes contessa >> $11 billion has been legally bet on sports since the supreme courtover turned -- commissioner bet man, you were first a staunch opponent of legalized gambling and now have embraced it fully >> what is the national hockey league getting out of marter inships -- partnerships with the betting sites. >> once it was legal we have to evolve with the times and make sure our fans would have the best possible way to connect with our game. if they don't want a sports bet, that was fine if it interested hockey fans we wanted to provide them that opportunity. if you're not a hockey fan yet, we may turn you on as a new fan. it was a question of evolving with the times >> when you're talking about really maximizing the returns that are possible with sports betting, how important are these partnerships your media deals are coming due soon how much are you invested in the next partnership with the media network. >> everything is related to everything else

. >> and i'm contessa brewer in for sara eisen let's look at what's driving the action keep that champagne on ice that was the chinese state media's cautious response to the announcement made friday saying, pen still has to be put to paper here oil prices are dropping as optimism over that china deal progress has faded somewhat. and we're looking ahead to earnings jpmorgan, all on deck. joining us is dan nathan from risk vertical advisers what are you watching today heading into tomorrow? >> the fact that the dow is onle we had these massive surges in stocks yet, we don't have a whole heck of a lot of content about what that means, other than buying ag and a lot of market participants right now feel like we've seen this movie before and we kind of know how it ends except that this time, it's a three-part netflix series that we have to stay tuned for. and we may have to stay tuned for multiple seasons >> binge watching is what you're saying we're in for binge watching on the trade front. >> we are flat, as we said volumes down a little bit. but there have been a lot of intraday moves, as we

and the s&p could potentially close at an all-time high with 59 minutes left of play >>> i'm contessa brewer. let's take a look at what's driving the action today the trump administration says it's close to finalizing its phase i trade deal with china. intel jumped 7% on strong results, helping lift semis to a new record high. and the federal deficit balloons increasing 26% to just a little less than $1 trillion. joining us for the hour is chris verona, strategas research partners here we are, we can see it, we can taste it, a new record high and everyone is really calm around hiere. >> the lack of euphoria is telling. there's this great divide between perception and reality what are the headlines impeachment, recession, china, pmi under 50 but the reality is, signs of cylicality are starting to show up in every corner of the globe. you see it with semis and with trucking stocks, german dax is at a 52-week high, the banks are acting better. i think the tone of the market is so different than what the tone of the front page of the paper says every day and i think that's bullish >> great to ha

. >>> good morning, i'm contessa brewer at cnbc headquarters. today's top business headlines, wall street is looking to open lower. dow futures off by 42 points right now. stocks sold off on continued worries about the u.s. and global economies following weak u.s. manufacturing data tuesday. the dow, the nasdaq, the s&p 500 off to one of the worst starts to a quarter since the financial crisis. today we're looking for a key report on the health of the nation's nonmanufacturing or services sector as well as unemployment, factory orders, plus we did get earnings from pepsico this morning. uber launched an app called uber works to connect temp workers with businesses looking to plug staffing gaps. the app is only available in chicago for now. it shows workers available jobs and helps companies who struggle with missed shifts and high turnover. users can get detailed information including pay, location skills, and work attire. the app will enable time tracking. many people clock in and out and log their breaks. >>> nearly half of americans enrolled

. >>> td ameritrade earnings are out so let's get over to contessa brewer. >> we have a revenue beatin at $1.56 billion versus the estimate of $1.47 billion. earnings coming in at $1.05 adjust eed versus the 98 cents that was estimated i really want to talk about the zero dollar commissions that went into effect october 3rd we know that the street is expecting earnings to decline because of that some 36% in the first fiscal quarter of 20 and the company's ceo, tim hawky, says that they are planning for that, but two weeks post announcement, we've seen a 49% increase hour new accounts opened compared to what we were averaging in the september quarter. and they say these are clients of all sizes, smaller accounts to multi-million dollar portfolios they think that's going to make a big difference and for the full year, they're already reporting record new net client assets of $97 billion. and record average client trades for the year up 6% as well the stock now after-hours up 1.1% wilf >> contessa, thank you very much for that tomorrow, don't miss our first on cnbc interview with the td

company is roll the dice op a new ceo hoping he can deal investors a winning hand let's get to contessa breweras vegas with the incoming chief. >> melissa, thank you. jay, you join me today on the heels of some incredible news on the las vegas strip, the sale of the bellagio for $4.25 billion mgn resort to black presidents, they'll rent the property. i know you come into the job in january. thinking that your las vegas strip property is undervalued tell me about the tropicana what the plans are. >> quick brktd we have been aquis active having acquired pinnacle entertainment a year yooig. the martha valhalla and greektown resort in may. we have 40 properties across 19 straits. 40 quality regional say sets in the country but we levered up for the transactions our priority over the next 18 months is delevering the balance sheets we are lease adjusted netted debts, ratio of 5.7, 5.8 we want that down five times by the end of 2020. one of the things we are considering right now besides deploy the free cash flow to pay down debt is also we have assets, that have underlying value in the portfolio. >>

. >>> out in vegas the annual gaming event is taking place and contessa brewer is there at the sandsf sports betting and why companies are looking to mobile to capitalize on it. >> reporter: it's the talk of the global gaming expo, scott, 18 states plus the district of columbia have legalized sports betting, but they are really focused on partnerships here more than 50 partnership deals have been made right now oregon just launched a mobile app on its own today, it really illustrates the importance of mobile pushing forward. how important is it? so important that rhode island legalized sports betting without legalizing mobile better and then realized this he weren't maximizing the potential in terms of getting that tax revenue. they went back to the table and lysle liesed mobile better right now mobile better only in seven states new jersey which was the first to roll it out there 80% of the sports bets that are made are made on an app mgm says it's crucial to their future, they think in the future 80% of their revenues will come from mobile games meaning not just sports bets, but ca

. >> contessa brewer, thank you., whether it's las vegas sands or some of the other names that have reported earnings so far -- we know growth is slowing in chien wra right now we know there are impacts from all of these trade tensions between that country and the u.s. how much of that, do you think is already priced into some of these names coming into their reports? >> i think it's certainly having an impact on earnings estimates, right? the reality is at the end of every single quarter, it's almost like the same movie whoo he see every single time, roughly between 70 and 76% of companies beating earnings slowdown in economic growth as trade tension, which has been brewing between the u.s. and china is, without a doubt, having impact on these earnings estimates. it's encouraging and comforting to see the same level of beats again i tend to focus on the underlying earnings growth in year-over-year terms, revenue growth what does that say about the prospects of future growth, which ultimately is required in order to

contessa brewer the in las vegas with those details hi, contessa >> hi, there, courtney this news justperty right behind me the bellagio will be valued at $4.2 billion in a new joint venture with black rock real estate income trust that's a reit, so it will go to black rock the property that the bellagio sits on, but it will be leased back to a subsidiary of m kbrks m to operate and mgm will pay $242 million in rent it will receive a 5% equity stake in this new venture. that represents a purchase price multiple of 17.3 times rent and receive cash of $4.2 billion it's one of the decisions that's come out of the board to maximize the value of the properties that mgm owns also in this release another unrelated but coming out of that real estate committee piece of news that circus circus las vegas will be sold for $812 million outright to an affiliate of treasure island owner phil ruffin, $825 million there, about 2,300 employees working for mgm and now they'll have a new boss courtney >> thank you very much, contessa shares bouncing around they were higher briefly and now down by about 1.

. >> and i'm contessa brewer in nor sara eisen along be mike santoli, cnbc senior markets commentatorwe are in the market zone and you can see the day's action on the right side offi ieyour scre with the stories still coming up on the tabs at the bottom off r your screen. >> let's check at how the markets finished at lows the dow down 0.14% or about 40 points the nasdaq down 0.7% the russell did hold on to a fractional gain of 5 basis points health care utilities, the only sectors meaningfully higher with information technology and communication services at the bottom >> all right we're looking for earnings results from snap, from chipotle texas instruments, and whirlpool. we'll bring you the numbers and instant analysis >>> plus, a big interview coming up in this hour. we will have a live and exclusive interview with the ceo and chairman of nike, mark parker you don't want to miss that interview. it is coming up in just a few minutes' time. >> joining us to talk about the market down is head of investment at aerial investments and still with us, along with mark lehman, who's the pres

. >>> we also have a big news alert on twitter contessa brewer has that for us. >> wilf, twitter willtop accepting political ads on the platform jack dorsey has just tweeted it out. he says while internet advertising is an incredibly powerful and very effective tool for commercial advertisers, the power brings significant risk to politics where it can be used to influence votes that affect the lives of millions. this comes on the heels, of course, of facebook's controversial decision to continue to allow political ads and not fact check those ads jack dorsey says in what may be a not so veiled dig at facebook that it's not credible for us to say we're working hard to stop people from gaming our systems to spread misleading information, but if someone pays us to target and force people to see their political ad, well, they can say whatever they want. this will apply to both campaign ads for candidates and for issue ads as well. as you can see, twitter dropping by 3.5% in extended trading. >> contessa, thank you. >>> so, josh, twitter, do you think this is an overreaction? >> it might n

here's jim moran talking to contessa brewer last night all about it >> we created a joint venture witht and what thatdoes is allow us to reduce the tax friction on the transaction. so that the multiple that we're getting for the real estate, 17.3 times, is of course historic the highest multiple ever achieved for real estate here in las vegas. >> take a look at shares of mgm, they're up this morning, $28.30. >>> all right. we are about a half a minute away from retail sales the futures have turned positive on the dow no, now they're negative that's interesting they were for a second, weren't they up about 9 i don't know what that is. dow component is moving around obviously. probably one of the higher priced ones. that is -- >> back to positive. >> and up. >> and up. rick santelli is at the cme, chicago. rick, the numbers. >> reporter: yes, september read retail sales down .3 of 1% that's exactly backwards we were expecting up .3 of 1%. now we did gain .2 in a revision originally released to .4 headline last month now stands at up .6 if you strip out autos, the number rises to only min