mark per share so that could be a promising sign for sector oid stock trading on friday all right dan quarter in new york thanks for that. u.s. president donald trump has said that he may change policy on cuba by introducing restrictions not good news to businesses here's how one company is preparing the changes and u.s. policy. the designs in the store in old havana may be ninety nine percent cuban but most of his customers are foreigners qantas tina is one of the many private cuban businesses that have benefited from the easing of u.s. trade restrictions in twenty fourteen but now u.s. president trump wants tougher policies towards cuba to offset any potential decline in business qantas tina is launching an online store in the u.s. making it the first cuban fashion brand to do so. i hope that this project really moves forward because that would mean that it's possible and that many other people can do it that many cuban designers can do it which is also a bit of a vision to try to put cuban design in the global focus of design. new focus in the center kind of stina up cycles t. shirts and o

quarter. stock shot up. had a day of pull back, recharge the stock of dan her, similar path reported two quarters where everything was strong except its dental business. this time dan her delivers expected time of dental. why on the down day do i like these situations so much we already know the quarters are good there's no guess work. i'm trying to make this report season easier for you not harder so now, let's define what's not working. first companies where there were hopes, even high or low hopes, that they would define gravity let me give you the two i think are more stand out so you foe what going no r and what to look for. proctor & gamble fit that bill it got slammed last week the team of proctor and gamble made you feel good about the company's prospects. when i went over that quarter on friday was truly let down. the company doesn't seem to realize, we're living in a more competitive world. they talked about it but not acting as if something's urgent there. finally the companies that were supposed to do poorly and they did poorly these are suffer the stock of united airlines was supposed to lay an egg a

quarter. >>> moving on, a month ago dan nathan bet that the greenback was headed higher. >> to me, let's just look at the uup chart, it got almost as close as 27, bounced off 24. that was the double bottom i want to look out to january expiration you can buy the january 24, 26 call spread. >> the dollar has been rallying, hitting its highest level since july today so dan, what do you do now >> well, this is an interesting setup, mcc two months has eelapsed here the etf is not much higher than where it was the $2 call spread is basically trading at the level at which i bought it. implied volatility in the price of options has been remained cheap. but because of the slight move upward, the trade is still very much in play i think you leave it on. it's a near certainty the fed is going to raise in december here. i think you can see a bounce in the dollar, retrace a bit of the move from the highs earlier this year so maybe you see 25 1/2 over the next couple of months, then i take this thing off. >> after a long down trend, the dollar is starting to move in dan's direction, i absolutely agree, yo

dan? >> that stock was a 3% move for amazon for google, below what they've been averaging over the last four quartersfacebook's situation, it's a decent move, 4.5% in either direction. for me that's kind of interesting. it's showing a little bit of hesitation possibly on traders as we head into it call volume was two times that of puts. we know that obviously amazon, facebook, and google are all now back very near their 52-week highs. look at this facebook chart, just to give carter worth a little love here, he's been highlighting this one as a mean up trend look at the consolidation since the last quarter this thing is going much higher. i know pete will give a giddy-up to that. >> it's up 1.6% after hours today. >> one of the things that stuck out, a week and a half ago, someone bought 20,000 180s somebody thinks this thing has room to the upside i'm not in it, i think i want to get back in on the options side. >>> still ahead, $2 trillion worth of tech stocks reporting earnings tonight, autonomous, facebook, microsoft, intel those calls kick off in just a few moments. dom chu is listening in on in

>> answer to that is found in the ebay call, congratulations to dan schulman, paypal, separate from ebay, blowout quarter. ebay on the conference call, analyst says amazon is moving aggressively into the auto parts business, how is it hurting you? it's amazonable play we let amazon win. and we don't play against them renee in florida >> caller: hi, i'm so happy to hear you i love your show thank you for all that you do for us. >> we try to come out here every day and deliver for you. >> caller: i know. i'd like to know about gpc, tutor preeny corporation it's got a great story immigrants from 1800s with great fundamentals, major building projects including the world trade center, donald trump buildings, everything nationwide and worldwide. i purchased some and would like to know if i should double up? >> no, i don't want you -- i think the infrastructure situation is very hard in this country. i got to tell you, watching david faber interviewing john flannery, the ceo of ge tomorrow they went big in infrastructure and went bad we're not going to make that mistake in the show. you have a plan of attack fo

quarter. growth and mobile payments helped reach new customers, added by acquisitions and partnerships beginning to pay off. on the analyst call, dans one of the best quarters the company has had since splitting from ebay in 2015 quick look at u.s. futures, looking positive this morning after we saw another record high for the dow and the s&p in yesterday's trading session. the dow up by 80 points. that's it for u.s. viewers we'll head over to "worldwide exchange" for our european viewers, stay with us. looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. you won't see these folks they have businesses to run. they have passions to pursue. how do they avoid trips to the post office? stamps.com mail letters, ship packages, all the services of the post office right on your computer. get a 4 week trial, plus $100 in extras inc

neil: dan, we came into the quarter with expectations that third quarter subpoena earnings would be upearnings would be up 4%. looks like we'll be close to or at double digits all said and done on this one, or am i missing something? >> no, you're correct. what i attribute that to, in my experience in accounting, that the dollar was weaker for this period of time. so the earnings look artificially better. in fact even in amazon's reports, they talk about, i think 124 gained because of weaker dollar. if that changes, which i foresee, that the dollar will get much stronger, you will see a lot of these companies, especially multinational companies earnings start to get hit pretty hard. i think that was the heart reflected in the lower expectations on the s&p. what i'm kind of thinking here, we're getting blowout numbers or look like blowout numbers on some companies, and that usually could be the end of the cycle because people -- neil: are you still bearish? >> i'm bearish based on multiple fundamentals, not just these four or five companies we're talking about. there are some headwinds

dan: tax cuts. at the end of the day, they know they have to do a tax bill and why we'll see a tax bill by first quarterifton, jason called me last night and said we have to do microeconomics. here's a morning must read with a chart. you'll love this, folks. the blue box and the orange box. what will you bring up first, riley, give me the morning must read or the chart as you can. this is paul crugeman continuing to debate dan clifton is living, more or less respectable conservative economists made a basic math error, wage gains to revenue losses depends how much capital comes in which dependsen the sensivity of m.p.k. to the quantity of capital. forget it. bring up the chart now and this is the reality. the blue box is smaller than the orange box. nobody in your world is looking at this. no one is looking at the economics what the tax reform will mean for the middle class, are they? dan: i would disagree with that. by the way, first, i think we're having one of the most fascinating debates in economics, larry summers versus some of the more conserve pitch economists and krugman and is a healthy debate

it seems like they are faltering in the fourth quarter, and i just don't understand why. >> and yeah, dan, the defensive coach can't like the fact that they have blown the leads. they need to get vic beasley back in the lineup and they have to pressure tom brady and obviously, that i don't have enough coverage guys in the b back. if they don't pressure brady, it is a long night. >> and they have to do a better job, atlanta, utilizing the backs out of the back field in the passing game. kyle shanahan did it a lot last year, and they are not doing it this year. >> it is a super bowl rematch, new england and atlanta, and we will see you football night in america at 7:00 p.m. eastern. >>> and the warriors are battling the grizzlies and the sharks are going up against the island er islanders and we will have all u of those highlights for you tonight at 11:00 p.m. >>> and a letter written aboard the doomed "titanic" sold today. it was written by a minneso minnesota-born salesman addressed to his mother. the man's family sold the letter at an auction in sothebys of england for $176,000, and that

performing stocks by honeywell reported a stellar quarter still the company could unlock $20 billion worth of value for share holdsers by following hi aerospace. dan -- best way forward part of a review rather than getting worked up without considering all the angels these guys considered taking a liberal approach. constructive is the word i'm looking for. instead of getting contention -- sadly, this whole process ended up being i'd say groggive. it got the job down. that's a surprise sinlowell use- more recently though it's taken a more quieter thoughtful approach so quiet in fact, for months seemed like nothing would happen then on tuesday, honeywell came out and said maybe we'll consider off space, instead they were doing two spin off. the first contain honeywell's business technology safety as well as the ai contribution center rather than fighting they worked with them constructively and came up with a better plan the new home company will be a player in heating, ventilation, air control, that's called h-vac by the way as well as being global distributor, security and final protection policy. all this makes sense if it's under the same roof.

quarter, we ran so few plays. it was just a unique game the way that it dan flowed.orter: it look like you handled the crowd noise pretty well. no false starts, i don't think you got sacked, no holding calls. is that a sign of growth for this offense that you did that? kirk: from the fact we were a more mature offense tonight and a hostile environment. we do not beat ourselves and i appreciated that. it showed a lot about our team's preparation, the details we cover in practice to try to be ready for this tough environment. reporter: you talked about taking your spots in using your legs more and you did it a lot. kirk: yeah, moore at the end of the game. when teams play man coverage, that is when you the opportunity to run. guys are chasing their man, they don't have eyes on you. takingd a good job people the way and doubling people and really all i had was to run. i think that is an area of my game i can use more. i think it is therefore the taking if i get through the progression and don't find anything. can you recall another quarter like the third? you guys ran f

probably less than a quarter mile from that mobile home park that we were at just moments ago where 13 homes were destroyed. now, if right now we could bring in dan o'rourke who owns a small business nearby here in santa rosa, and you were here early in the morning. what did you see? >> flames about 100 feet in the air. >> reporter: yeah, and you've lived in this area for decades. have you ever seen anything to this magnitude before? >> no, other than the '64 fire that came from calistoga and back, but this is just -- right downtown, nothing's been downtown. this structure here -- shame. but we'll rebuild. buddy's store over here that has a trader joe's, it's gone. my friend, jimmy wong up here, his house is gone. hotel's gone. >> reporter: it's hard to wrap your head around the magnitude of this because we saw the hilton hotel which is just across the highway over there completely engulfed. not to mention, a mexican restaurant and a number of homes. and i know you're getting emotional because there are so many people that are affected that we just don't know about yet. >> yeah. i'm fortunate, our business right around the corner, it got saved. m

quarter was good but we have to sustain it. i think that is what they need to focus on, how do you grow jobs. paul: danwhere do you see the political vol washingtons getting through congress? you have class-war issue, special interest, any others? >> yeah, the ego of senate. paul: who are you talking about when you're talking about egos or is it all 52 republicans? >> we will get to that in a second. with the health care bill, it began to get into trouble when the freedom caucus began to raise objections. i talked to the chairman of the haus freedom caucus mark meadows in washington this week and he said they thought they were going to be okay and get it done. i don't see the big problem coming out of the house this time. when you go over to the senate, what happened with the health care bill with senators mccain and rand paul, lisa murkowski and susan collins, there's something about the senators who just don't feel like they can -- they want to win, that they have to express themselves more for reasons of their own egos than actually getting a bill done. now you've got senator marco rubio and mike le

dan? >>> thank you, cindy. we'll talk about the bluegrass festival taking part in golden gate park on seven stages through sunday. ♪ the music fest is expected to draw a quarterillion people to the golden gate park. the stages were set up in three meadows, helman hollow and marks meadows. they include t-bone burnett, cheap trick and emmy lou harris. plenty of food but alcohol is not sold. >> i think the best thing about this place for me is just the crowd. >> somebody asked me, where do you get tickets? you don't need tickets, you just walk through the trees and find the tickets. >> because of the las vegas shooting, security is tighter at this event. the safety of the attendees is their top priority. >>> more to come, the aclu calls it an all-out assault on women's health. up next, the president's birth control decision and what it means for california. >>> also, the acting i.c.e. director puts california on notice over its sanctuary state law the governor just signed. the threat just issued from washington. >>> and manufacturing in silicon valley. it's a career option one company it's a career option one company hopes more food. water. internet. we need it

really going to be tough here there are challenges ahead, and i think next quarter is the start of a huge year for im. >> danh is publishing this morning. headline "ibm earnings beat is a product of tax avoidance, and it's nothing new." they talk about a series of inter-ene entity asset transfers which effectively created a tax rate of negative 23.1% what do you know about that? >> the lower tax -- when you look at eps, look at bottom line, there's definitely a lot of what i view as nonoperational gains, and i think that's why as an investor, you really focus here on can they grow. if they can grow, i mean, the stock goes higher. if not, it continues to be a quick sand situation >> okay. dan. thanks for jumping on the newsline this morning. >> thanks for having me. >> we talk all the time about how they're growing phenomenally you point out they're going to keep running into each other as they're all seeking areas for growth i wonder how the turf war plays out. >> it's interesting because their product road maps seem to mirror each other. in fact, each one of them when one launches something, the others need

dan simon, stay safe. thank you so much. i'm brooke baldwin. "the lead" starts now. >>> thank you, brooke. at least when players take a knee, the protest doesn't cost taxpayers a quarteron dollars. "the lead" starts right now. >>> senator bob corker helped get donald trump elected. he was almost his vice president. now the powerful republican says president trump's behavior could be setting the nation on the path to world war iii. >>> nuclear watch. after the president teased war with north korea like it's sweeps week, kim jong-un could be minutes away from testing another nuke. how will president trump respond this time? >>> plus flames moving

dan simon, stay safe. thank you so much. i'm brooke baldwin. "the lead" starts now. >>> thank you, brooke. at least when players take a knee, the protest doesn't cost taxpayers a quarter of a million dollars. "the lead" starts right now. >>> senator bob corker helped get donald trump elected. he was almost his vice president. now the powerful republican says president trump's behavior could be setting the nation on the path to world war iii. >>> nuclear watch. after the president teased war with north korea like it's sweeps week, kim jong-un could be minutes away from testing another nuke. how will president trump respond this time? >>> plus flames moving so quickly firefighters can simply not get out in front of them. 1,000 homes, hotels, businesses reduced to ashes as wildfires devour california's wine country. >>> welcome to "the lead." i'm jim sciutto in for jake tapper today. we begin with the politics lead. a prominent republican senator sounding the alarm about the president's very fitness for the office. senator bob corker, the chairman of the senate foreign relations committee, said he fears that president trump is setting the country, quote, on the path to w

quarter earnings. exxon mobil edging higher, while chevron posted a miss and cut their guidance. their shares are lower. president is mercbloc dan: most of the majors are cutting, jettisoning all of the nonperforming assets. they are trying to turn back to giving shareholders value by delivering profitability and not at any price of crude, no matter what. the one that went away from that is exxon. they killed it on numbers but also increasing, which is against the trend. david: and those capital investments by exxon were more than estimated, like $6 billion. dan: indeed, they are zigging when everybody else' is zagging. that is inside their culture. all of the ceos are talking about energy prices being lower for longer. i think there will be a major turnaround in prices and they want to be in front of the train as it moves out of the station apple speed. jonathan: think of the business they are running. they had a downstream presence a couple years ago, what is the optimal business you want to be invested in now? dan: downstream has done well for these guys. we are still at a low price for crude oil. they are banking on this reb

dan clifton, head of policy research will be joining us. futures are up 60 points on the dow. positive five points on the s&p 500. we come into october and a brand-new quartern the benchmark in the united states. you're watching bloomberg tv. ♪. jonathan: a gunman opened fire at a concert in las vegas, leaving 50 dead and 200 injured. the president spent the weekend taking on criticism of his response to a devastated puerto rico. and the prime minister faces a constitutional crisis in spain. catalan separatists signal they may move forward towards a unilateral declaration of independence. from new york city, for our viewers worldwide, good morning, good morning. a warm welcome to bloomberg daybreak. alix steele is off today. let's begin by getting you up to speed on this monday. a four-day winning streak. futures are up on the s&p 500. we closed out september with a move lower on euro dollar over the month, the first monthly drop since february of this year. and we acted a weakness. the politics reasserts itself in europe t. means a weaker euro. we trade at 1.1741 on euro dollar. david: now over to emma chandra. she's joining wuts latest developments out of