from the nfl network, analyst rich eisen. founder of callisto, activist, jessica ladd.eaturing the 8g band with michel'le baptiste. ♪ [ cheers and applause ] ladies and gentlemen, seth meyers. [ cheers and applause ] >> seth: good evening. i'm seth meyers. this is "late night." how is everybody doing tonight? [ cheers and applause ] >> seth: great to hear. in that case let's get to the news. president trump delivered a statement at the white house today about his 12 day trip to asia. a trip during which he apparently wasn't given any water. [ light laughter ] look at him. he looks like a 5-year-old coming to the sidelines during a soccer practice. "did you see me, mom? i ran over there, and then i ran over there, and then i scored a goal. okay, i'm going to go back." former white house communications director anthony scaramucci is reportedly in talks with publishers about a book chronicling his tenure in the white house. a book? [ laughter ] you were there for ten days. at best you could release a fortune cookie. [ laughter ] [ cheers and applause ] north korean state m

wall street, and "squawk alley" is live.morning, i'm carl quintanilla at post 9 with john fortt, sara eisen is getting some behind the scenes access to some of the company's new technology we'll hear more from sara in a moment first, though, retailers are on the move, shares of walmart getting close to 98, also shares of best buy and gap. some of these names, court, have had a crazy morning already. >> that's exactly right and it's only going to get crazier. next week is black friday, so walmart shares higher, almost 9% after another quarter of what the company is calling broad based strength so profit and revenue beating estimates. the retailer also raising its full year guidance to a range above the current consensus. u.s. comp store sales up 2.7%. that's the best number in eight years. 13 straight quarters of growth there. now, there's an estimated 30 to 50 basis point hurricane benefit with that stock up on replenishment or purchases after the hurricane, but even without it you'd be looking at a 2.2 to 2.4% comp and that would still be the strongest in years. so walmart's u.s. e-commerc

i'm wilfred frost along with sara eisen time for our must-reads. mine is titled the terror in tribeca. my pick from the "wall street journal" editorial board most new yorkers regard it as a small miracle that terrorism success in the city has been minimal. it's not just a miracle protecting the city's sprawling falls to the new york city police department and it must be noted its record in the years following 9/11 has been stellar. this sentiment applies around other countries like my hometown which faced similar attacks. we can see how easy it is, whether it's renting a truck or using a knife and the fact there's not more of these is a testament to the great work of security services. >> we saw police arrive so soon on the scene and help prevent what could have been even further tragedy. >>> my pick in the "usa today." it's a month after las vegas carnage. b bupkis on bump stocks. the editorial board writing never mind one month ago wednesday in las vegas the shooter used bump stocks to fire off 3,000 rounds in 2 1/2 minutes or that more than 500

to the one play that rich eisen talked about. the play we will talk about.one of the plays of the year and vintage russell wilson, a game-winner. >> cris: and the reason that russell wilson is always in the mvp conversation. you know, he is never going to have unbelievable stats, but he makes plays that win games. and this pump fake here, the arizona cardinals practiced it all week. it beat them. and then doug baldwin on the back end of it. if he does not make the incredible play this is just a bit of a forgotten moment. but they do that time after time. those two guys. and then tonight it was the other star, jimmy graham, coming in there to finish it off with the touchdown. so that is what seattle does. that is what russell wilson does. doug baldwin. jimmy graham. the reason they are always a contender to win a super bowl. >> right in front of bruce arians, oh, man. russell wilson here standing by with heather cox. >> heather: the cardinals told us all week in preparation they were planning for backyard football. boy did we see that, especially in that thir

to the one play that rich eisen talked about. the play we will talk about.one of the plays of the year and vintage russell wilson, a game-winner. >> cris: and the reason that russell wilson is always in the mvp conversation. you know, he is never going to have unbelievable stats, but he makes plays that win games. and this pump fake here, the arizona cardinals practiced it all week. it beat them. and then doug baldwin on the back end of it. if he does not make the incredible play this is just a bit of a forgotten moment. but they do that time after time. those two guys. and then tonight it was the other star, jimmy graham, coming in there to finish it off with the touchdown. so that is what seattle does. that is what russell wilson does. doug baldwin. jimmy graham. the reason they are always a contender to win a super bowl. >> right in front of bruce arians, oh, man. russell wilson here standing by with heather cox. >> heather: the cardinals told us all week in preparation they were planning for backyard football. boy did we see that, especially in that thir

i'm sara eisen >> i'm mike in for bill friend frost.e are starting friday with a song from taylor swifts new album. it was released at midnight. featuring ed sheeran i will hear a lot of it around the house. >> wilfred took the day off because it was such a big day and releasing the album. >> he needed to take it all in >> let's get a check on the global markets after a sell off on wall street wasn't as bad as it got during session lows, but the s&p and dow had their worst day in two weeks. the pressure continue this is morning. we are set to break an eight-week win streak when it comes to u.s. stocks, which are pointed lower for the week less than 2% of a decline if you add up the week. dow down 65, nasdaq down 24. it has been the nasdaq that's been under the most pressure that's also been the biggest winner russell 2000 is down more than a percent. treasury note yield. lower yields back to the bottom of the range 237. although, getting a pop today. we'll see where that goes. selling of treasuries this morning, yields higher that's the

i'm sara eisen >> i'm mike santoli in for wilfred frost.e are watching beijing, washington, virginia futures now looking like a slightly down open kind of in a defensive tone the last couple of weeks as the headline index has made new highs. the s&p 500 looking at less than a two-point decline. dow jones average down 4 at this hour it did close at a slight record high yesterday the nasdaq pulling back a bit. looking at the bond market ten-year treasury note under pressure seeing that tightening and narrowing of the threreasury yi curve, maybe a range-bound global yield 2.31% on the ten-year note it is firmer at the moment it's down from 2.45. >> do we know what's behind the drop >> you know, it seems as if the global demand for safe assets is strong enough when you have the german ten-year yield below 0.4 or so. >> global story. >> anchors all yields. and inflation, for all the talk, has not been able to get kicking. it may be about a structural lower inflation environment. >> and the narrative that central banks are ready to normalize or t

i'm sara eisen here with wilfred frost. time for some must-read stories.ck is trump's tax plan budget gimmick is a short-term fix that will hurt long-term savings. this is back to the 401(k) debate while president trump said the shot it down, but it's still out there. roger ferguson jr. writing this may make it easier to fit together the pieces of the tax reform puzzle this year, ie raising revenue, but it will make americans retirement security and our nation's fiscal security more precarious it's a budget gimmick masquerading as fiscal prudence. we hit this hard when this was floated out about by republicans. it's worth noting again how they treat those 401(k) deductions. it's an incentive for americans to put away money especially when they have 401(k)s through their work >> i think it would be a surprise if it was still included it was floated out there and slot down quickly by all sides >> and the president on twitter. >> it would be a surprise if it's still in there, but there's a chance and they could adjust it >>> my must-read is titled watch fed g

that's not our business. >> sara eisen?at do you think it's worth, bill, do you think you can put a price or valuation on bitcoin? >> no. >> you think it keeps going higher. >> i do. >> and not a fraud >> i don't think it's a fraud. >> okay. thanks for clearing that up. >> an important perspective. what do you think is primary driver of the next stage of growth in silicon valley if we take the things that have already been hyped off the table, you know, artificial intelligence, big data, machine learning, we talked about that, this connecting reality to the digital world through a.r., things like that, it's built into the new iphone, what's the next thing >> the one that has a remarkable monetary momentum to it is the machine learning stuff. you guys talk about nvidia and the servers and you look at what is said about machine learning, and we have a company called cerbrus that's early in that market, and the demand from companies to kind of crunch data in a way they haven't done before seems like it will go on for a very lo

ambassador norm eisen, thank you so much. appreciate it. have a great rest of the holiday weekend.traight ahead, al franken speaks out in a new interview. he said he is staying on the job for now. that's next. i mean wish i had time to take care of my portfolio, but.. well, what are you doing tomorrow -10am? staff meeting. noon? eating. 3:45? uh, compliance training. 6:30? sam's baseball practice. 8:30? tai chi. yeah, so sounds relaxing. alright, 9:53? i usually make their lunches then, and i have a little vegan so wow, you are busy. wouldn't it be great if you had investments that worked as hard as you do? yeah. introducing essential portfolios. the automated investing solution that lets you focus on your life. anyone who calls it a hobby doesn't understand. we know that a person's passion is what drives them. [ clapping ] and that's why every memorial we create is a true reflection of the individual. only a dignity memorial professional can celebrate a life like no other. find out how at sanfranciscodignity.com. throughout history, the one meal when we come together, break bread,

to the one play that rich eisen talked about. the play we will talk about. the plays of the year and vintage russell wilson, a game-winner. >> cris: and the reason that russell wilson is always in the mvp conversation. you know, he is never going to have unbelievable stats, but he makes plays that win games. and this pump fake here, the arizona cardinals practiced it all week. it beat them. and then doug baldwin on the back end of it. if he does not make the incredible play this is just a bit of a forgotten moment. but they do that time after time. those two guys. and then tonight it was the other star, jimmy graham, coming in there to finish it off with the touchdown. so that is what seattle does. that is what russell wilson does. doug baldwin. jimmy graham. the reason they are always a contender to win a super bowl. >> right in front of bruce arians, oh, man. russell wilson here standing by with heather cox. >> heather: the cardinals told us all week in preparation they were planning for backyard football. boy did we see that, especially in that third quar

. >> i'm seema mody in for sara eisen.ood morning to you. >> great to have you with us great it's friday. >> feels good. >> let's check in on the markets. we did get a bounce back yesterday from what has been a week or so of softness with a few pullback days, no significant gain days until yesterday. we saw 0.8% of gains for the dow and s&p. it was a bounce back from some of that softness but also earnings driven, walmart up 10%. a huge gain. cisco, gap, best buy, some companies reporting earnings to beat forecasts we are called lower. the dow down 40 points the nasdaq down a couple points. s&p down 4 points. that gain yesterday seems a little bit temporary week to date, the s&p before today was up fractionally. the nasdaq is up about 0.6%. ten-year treasury note has recovered in the second half of the week in terms of the yield rising the price falling. we did fall to the low 2.3s earlier in the week. up to 2.36 now last friday we closed 2.4% >>> asian equities climbing for a second day following that rebound we saw on wa

. >> i'm morgan brennan in for sara eisen >> good morning.et's get straight to the market picture. resounding performance yesterday. the dow and s&p up 1%. the nasdaq up by a half percent. banks really soaring, sort of perfect storm for them yesterday. the new fed chair talking about raising interest rates, also talking about not increasing bank regulation, reforming the volcker rule and progress on tax reform banks disproportionately pay full tax rates, that's why the russell soared 1.5%. >> transports, too >> transports as well. good day across the board for risk assets. it's good for the dow, good for the s&p, up 48 points or so on the dow. the nasdaq is just south of the flat line, down 6 points bitcoin surging to a new record high, above $10,000 over night it surged as much as 4.4% earlier, now 8%. so it's 10,700 in asian trading hours. it's capped more than ten fold increase now this calendar year. extraordinary run continuing up 9% 10678 9%, 10,700 almost 11,000. >> i wonder how much you can buy with bitcoin when it's priced at $10,700

. >> i'm courtney reagan in for sara eisen thanks for having me no shortage of news today.e have a lot to talk about. >> and it's friday what more could we want? great to have you with us. let's check in on the market picture. we got a laterally yesterday, pretty much in line with when president trump announced jay powell as his pick for the fed we saw markets rally up towards the close. not a huge rally but the nasdaq ended essentially flat the dow up 0.35% the s&p was up fractionally. banks rallied a bit as well. jay powell in a short speech had time to say he felt the banks were safer than they used to be. that was encouraging in terms of the deregulatory outlook this morning we're pointing higher the dow up by 17 points. nasdaq by 19 s&p by 1 ten-year treasury note has seen yields slip significantly over the past week or so. down to the mid 2.3 level. 2.35%. >>> looking at the action around the world starting with asia we had a mixed picture in asia, especially in china overnight. the nikkei is closed today for culture day in japan as you can see, we had the shanghai do

. >> i'm kayla tausche in for sara eisen. good morning >> thanks for allowing me to come back.ou've been keeping it warm sense both of since both of us n out. just one day >>> futures pointing lower this morning. we'll come to international markets in a moment. a triple digit decline for the dow. down about 100 points. nasdaq down 27 s&p down 10. late last week, we had that pull back and a bit of a selloff. early this week had seen a bit of red, but muted declines, 0.2% yesterday we saw energy as the worst performer. oil was slipping ge selling down. it was down over 5%. it was energy, the big decliner yesterday. that's because oil prices slipped 2% they're slipping again today commodities is a big part of the risk off move we've seen both yesterday and today in asian and european trade oil off nearly a percent 55.2 for wti ten-year treasury note, yields have slipped significantly globally yields have been slipping and pulling down u.s. yields the last day or two the u.s. yields moving more 2.34 the yield on the ten-year note >>> dollar index at a two-year low. >>> in asia we h

when we first tried to flee eisen militants caught and imprisoned us were put in prison on three separate occasions the last time they didn't release my father and later this he had died when all is said and done there is some responsibility to be taken here these women came to syria voluntarily and that they may yet have to answer for it but. at the then you need to be honest just for the thrill. only. i didn't have a husband version less ideas and we got there they took all close. money. to track down each gonna who i'd met who fights golf but. we are not. fools it's about the passion from the fans it's the. loneliness and spending to do the twenty million. it's an experience like nothing else because i want to share what i think what i know about the beautiful game a great chance for. peace. they all. say yes. please. please yes to all this is all the food. bowl cut. cut. cut. cut. cut. cut. cut. lol lol. lol lol. the flow.

rich eisen here for the postgame show here down on the field. heather cox moments ago with antonio brown. >> congratulations you tied a career high with three touchdowns including a circus catch one handed off the helmet. teammates came out. we had a great performance. humble and thank you for the performance. >> tonight the most points you've scored owl yeaall year. what sparked this offensive breakout. >> we click a lot today in the red zone. all we need -- we made some big plays when we needed to. there's always room for improvement. >> boy, did you guys come out throwing 48 times. how much if at all did that have to do with facing dick lebeau? >> i don't know. anytime we're throwing the ball like that it's going to be a lot of point. ben is a hall of fame quarterback and he can make every throw. i'm grateful to be on the receiving end. >> great win at home. >> heather, thank you. antonio brown of the steelers, they get to 8-2. as rich said, first team to eight. new england will try to do that. taking on oakland in mexico city. you mentioned

when we first tried to flee eisen militants caught and imprisoned us were put in prison on three separate occasions the last time they didn't release my father and later this he had died when all is said and done there is some responsibility to be taken here that these women came to syria voluntarily and that they may yet have to answer for it but you move at the then you need to be honest just for the thrill. i mean. i didn't have a husband version less ideas but the family got there they took all close. money watches rings everything they could so it was just me. and you let's move up after we divorced i came to tell my husband i was going to leave the country to the full when day he took my son and told me i would never see him again almost all had family relatives who were more than willing to help. job which were and. i want to go home to my grandma. by joining us here on our to international survey the weekly returns at the top of the hour on. in america a college degree requires a great deal. decades of debt.

rich eisen here for the postgame show here down on the field. heather cox moments ago with antonio brown. >> congratulations you tied a career high with three touchdowns including a circus catch one handed off the helmet. teammates came out. we had a great performance. humble and thank you for the performance. >> tonight the most points you've scored owl yeaall year. what sparked this offensive breakout. >> we click a lot today in the red zone. all we need -- we made some big plays when we needed to. there's always room for improvement. >> boy, did you guys come out throwing 48 times. how much if at all did that have to do with facing dick lebeau? >> i don't know. anytime we're throwing the ball like that it's going to be a lot of point. ben is a hall of fame quarterback and he can make every throw. i'm grateful to be on the receiving end. >> great win at home. >> heather, thank you. antonio brown of the steelers, they get to 8-2. as rich said, first team to eight. new england will try to do that. taking on oakland in mexico city. you mentioned

rich eisen here for the postgame show here down on the field. heather cox moments ago with antonio brown. >> congratulations you tied a career high with three touchdowns including a circus catch one handed off the helmet. teammates came out. we had a great performance. humble and thank you for the performance. >> tonight the most points you've scored owl yeaall year. what sparked this offensive breakout. >> we click a lot today in the red zone. all we need -- we made some big plays when we needed to. there's always room for improvement. >> boy, did you guys come out throwing 48 times. how much if at all did that have to do with facing dick lebeau? >> i don't know. anytime we're throwing the ball like that it's going to be a lot of point. ben is a hall of fame quarterback and he can make every throw. i'm grateful to be on the receiving end. >> great win at home. >> heather, thank you. antonio brown of the steelers, they get to 8-2. as rich said, first team to eight. new england will try to do that. taking on oakland in mexico city. you mentioned

controls but it would mean that the last stronghold in terms of urban settings small town and cities eisen would have lost all of them when it moved as a bill come out. saudi arabia's closure of all yemen's as land and sea ports is driving up the already inflated prices of vital commodities and stopping the delivery of much needed humanitarian supplies as aid agencies warn of a catastrophic situation lama john june reports now on how residents in the capital . in yemen's capital lines to buy petrol grow longer as fuel prices rise higher having jumped more than sixty percent in recent days the result of monday's announcement from saudi arabia that it would block all yemeni air and land routes as well as sea ports in response to a missile attack from across the border earlier this week residents of sanaa already accustomed to a humanitarian crisis. their country that seems to grow more dire every day are angry i get even if this is a humanitarian crime they are exterminating the yemeni people and no muslim should be doing that these are unjust operations but it's not unexpected for those who

saidthe paradise papers the tech giant moved most of its untaxed offshore cash reserves to the channel eisenersey and 2013 following a crackdown on its irish tax practices. apple says it did not reduce its tax payments in any country. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. yousef: we talked a little bit about the endorsement of president trump on what the saudis are doing. terms of the comments from the secretary general of saudi arabia has two what will happen to those who have been arrested, there will be open trials and phase one,is is only so perhaps more arrests coming down the line. they will freeze the bank accounts of those owe implicate. the bloomberg team has collated some of the data. you're looking at $33 billion of personal wealth that is at risk with some of the most powerful men said to be held at the riyadh ritz-carlton, not a bad placed to be arrested on corruption. there looking at some of top businessmen. that really raises the question about where the market reaction goes from here. we h

citizens for responsibility and ethics in washington, with the former ethics counsel to obama, norm eisen, joining with the ethics counsel to the first bush, richard painter, to try to take on the kleptocratic starting with the the president, movingn through his entire family and then on down through many others. it we sustain this, but in particular, , now imagine one other example, eric lu who runs a group called citizens university in seattle is full of people together into coffees and meals across a lot of lines. and as they strive to communicate in a similar fashion, they are finding that at least there's not entire common ground, to begin to understand the dangers of demonization. one example that really struck me in the loving context is the brilliant, i'll say young african-american woman who heads demos. .. to do this even at the grassroots level and get this moving will be bottom-up change rather than top-down change. >> always better to talk and not talk out. i will note that there is a lot of talking, protesting and activity. we cannot let our discussion which goes on about th

infantry divisions and sunni tribal forces are carrying out the operation and province it's believed eisen fighters are holding ten thousand civilians hostage in the town of daraa last week iraqi forces recaptured the larger town of al qaim leaving just a few small areas of land still under the armed groups control. sally led forces have carried out two air strikes on yemen's defense ministry in the capital sana'a wounding at least eight civilians what misses say one of the strikes has a residential area near the ministry which is controlled by iran backed rebels the new strikes come as tension increase between saudi arabia and iran. eleven asia pacific countries have reached a deal for the basis of free trade pact with the u.s. they struck an agreement to revive the trans-pacific partnership that u.s. president donald trump with the true support from earlier this year the deal was reached on the sidelines of the apec summit in vietnam. does not include china which is also attending the summit. has been reached in four months but it comes to specific aspects there are cases where intense a

i'm carl quintanilla with sara eisen and david faber at the new york stock exchange.n 67, but that's clouding over some retail earnings that are in good shape. of course, watching the tax bill and media m & a. a lot of chatter on that >> our road map begins with the media frenzy new suitors lining up for some of 21st fox's assets is a megy deal in the works? >> zero to 60 in under two seconds, including some new commercial trucks. tesla is unveiling the fastest production car ever, but is it too much for musk as the company burns through cash >> we're waiting for stitch fix to start trazing on the nasdaq lots of doubts surrounding subscription services, but is this company a different story we'll talk to the ceo. >> let's get to media goings on. the stocks in question, our parent company comcast is in talks with 21st century fox in terms of buying a substantial amount of assets of that company, namely its entertainment assets, distribution overseas assets, ownership of hulu. same deal that i first reported on back almost a couple weeks ago that disney and fox had been

i'm carl quintanilla with david faber, kayla tausche at post nine sara eisen is on assignment.ook at the market, worst day for the s&p in almost three months dow led lower by high price weighted names like caterpillar and apple. oil is not working, and this comes on the back of a widespread selling in europe and asia overnight our road map begins with target's holiday warning an earnings beat, forecasting a tough season ahead we'll speak to brian cornell in a minute >> plus, ge's big slide, at least yesterday, after announcing the recamp and strategy on monday what's going to turn this around we'll talk about that next >> and crude getting crushed the international energy agency lowering its oil demand forecast the ceo of one of the largest oil companies will join us >> cpi retail sales and sore detail crossing the tape rick has it. >> september, so third quarter number on business inventories unchanged as expected. our last month look moved from up 0.7 to up less, only 0.6. i'm not sure these inventory numbers are market moving, but if you're looking for more flattening in the

i'm carl quintanilla along with sara eisen and david faber dow is up 118. to 24k between 23k and 24k, and s&p up more than ten. >> our road map for the hour begins with a longer wait for the tax bill house republicans delaying the rollout of their tax proposal until thursday as the party makes last-minute changes. we'll tell you what to expect in the final version next >> the tech giants, facebook, google, and twitter testifying on capitol hill again this morning for their role in the 2016 election, what it means for silicon valley's influence on d.c. later this hour >> and finally, terror in new york city. eight are dead, almost a dozen injured after an attack in lower manhattan. we'll take you live to the scene and bring you the latest >>> as david says, eight people killed, nearly a dozen injured after a man drove a pickup truck down a bike path in lower manhattan yesterday in what mayor de blasio called an act of terror contessa brewer is live and joins us with more >> behind me is the scene where this violent attack happened and in fact, we're seeing t

. >> i'm seema mody in for sara eisen. happy cyber monday. >> to you.onday a day you'll be celebrating. >> will you be celebrating or shopping online? >> i did go out on friday. we'll have to see. >> we will have a discussion meantime, take a look at global markets. our setup for today, u.s. futures indicating a slightly higher open. just keep recapping what happened on friday which was a shortened trading day. large and small cap stocks were both strong. s&p 500 index gained .2 of a percent. among the individual standouts, top percentage standers, amazon getting 5% last week politics will be dominating the discussion this week tax reform debate heating up with the senate scheduled to vote on the tax bill on thursday you can see the ten year yield 2.347%. >>> a soft session in asia in particular for korea. shanghai continues to slide and the shenzhen index down more down 1.5%. there's been questions over china particularly rising bond yields there over the last couple of weeks. but as well for hong kong which had a good week and the anything kay was sli

. ♪ ♪ >>> good morning and welcome to "worldwide exchange" here on a monday on cnbc i'm sara eisen. >m wilfred frost >> let's go to the markets and show you how the markets are shaping up especially the nasdaq. that was a standout. up a full percent after the dow and the s&p also closed higher futures are under a slight bit of pressure. s&p down 3, nasdaq down 3 as well as for the 10-year treasury note yield we come off a week with a pretty solid jobs report though wages weren't moving higher enough and an announcement of a new fed chairman and the ten-year yield still low. >> the ten-year yield went down. it ended from 2.43 to 2.33. >> better data on the u.s. economy. >> that's why financials were the worst performing sector. tech was the best. let's have a look at markets around the world asian markets this morning are a little bit mixed performance as you can see hong kong slightly lower. shanghai and japan doing well. european trade for you, another great week for the dax both france and germany ended at record closes on friday. germany particularly outperforming. it was up 2% as

i'm sara eisen >> i'm wilfred frost

for more on what all of this means, cnn contributor norm eisen is with us.ays, we're glad to have you with us. >> thanks for having me back, john. >> okay. we'll get to the question of credibility in a moment. but does this signal that trump junior was willing to exchange a shift in foreign policy, if they won the white house, sometime in the future, in exchange for help now in terms of the campaign from that kremlin linked lawyer? >> john, it's very troubling. if it's true, and of course, whenever you are dealing with those associated with the kremlin, you need to take it with a grain of salt, the same goes for those associated with the trump family. but if it's true, what you have here is a quid pro quo offer, where the president's son is attempting to trade a possible future u.s. foreign policy in exchange for damaging information about the clintons. and it raises a host of legal questions, including under the rules that prevent private individuals from engaging in foreign policy transactions during a presidential campaign. so it's troubling. and john, it

i'm carl quintanilla with sara eisen and john fort. some record highs today. nasdaq hit one today in the session, the dow has not done so the koptd mike santoli is at post nine to talk about the markets, and the run we've had and the seasonality we're heading into last week he brought up the topic on whether the bears missed their good chance >> seems like that might be the case seasonality works for the whole market,me segments of the marke and momentum we talked about these rotations that happened over the course of the year from small caps to large, sometimes cyclicals worked tech has been consistent if you look at where within tech, maybe you would be encouraged by the fact that semiconductors within technology outperform the overall tech sector it's the industrials of tech you only buy chips if you need them, if there's demand for them on the other hand you might be getting to a is this as good as it gets moemts for tment for th. we had record levels of etfs, everybody is on board with the seasonality. hedge tufunds are concentrated the area and multiples

i'm carl quintanilla with sara eisen and david faber. a lot going on as we digest disney earnings.from nvidia and jcpenn jcpenney, and oil is roughly flat >> our road map for the hour begins with a big day for bobba. singles day begins in just under an hour. the largest shopping event of the year we'll take you live to shanghai for the latest >> tax reform worries. stocks in the red after yesterday. is more volatility in tore >> finally, disney reporting a miss on earnings in revenue, but the stock is moving steadily higher we'll tell you why >> stocks are moving lower as investors, some investors, some say, are rattled over the prospect of a delay with tax reform after the house and senate unveiled different tax plans. joining us, anastasia is jp morgan's global investment strategi strategist greg is a commentator at the "wall street journal." do you attribute some of this to jitters over taxes >> i do. the thing that's happened in the last two weeks is the probability of tax reform has increased significantly. whereas in september, i would say the markets weren't pricing in succe

i'm at the new york stock exchange with sara eisen and john fortt we have full coverage of this massive shopping event throughout the hour and the affect it will have on alibaba we'll talk to the president of that company, michael evans, that's one you don't want to miss in the meantime, let's get to eunice yuan in shanghai. we'll get to her in a moment eunice, good evening, good morning to you >> hey, guys well, it's just past midnight here in china, meaning that singles day has kicked off and hundreds of millions of chinese across the country are going to be shopping until they drop. maybe not necessarily until they drop, because they are probably at their houses online in their pajamas. we're seeing over the next 24 hours there's going to be a lot of shopping. people are talking about it on social media it's a top trending topic. they are buying everything from smartphones, tvs, dog food one company said they are going to be offering a lifetime supply of chinese liquor for $11,111, that's about $1,700. this year there are more international brands that are taking part than ever befor

i'm carl quintanilla with sara eisen and john fortt on the new york stock exchange.tt galloway, of course, from nyu stern school of business is at post 9. good morning, guys you can guess what we're going to talk about at the top that is acquisition talks sending shock waves through the media world. disney reportedly held discussions to buy most of 21st century fox, increased competition from rivals like netflix and control of hulu both considered part of the motivation for that deal professor, you first on this, and we talked about how it shows flexibility on both fox and disney's side in adapting to a netflix era, right >> yeah, everyone's bulking up, and because when you think about it, amazon and whole foods, facebook and instagram, the greatest acquisition that didn't happen would have been anybody buying netflix five years ago when its market cap was 1/12 of what it is now, and now netflix is creating some strange f bedfellows everybody is bulking up to compete with netflix and to a certain extent with amazon, who's now the second larger spender in original con

from the nfl network, analyst rich eisen. founder of callisto, activist, jessica ladd.get to the news. president trump delivered a statement at the white house today about his 12 day trip to asia. a trip during which he apparently wasn't given any water. [ light laughter ]

let's discuss this with norm eisen, former white house ethics czar and renado mariana, illinois attorneyal candidate. great to have you here to help us figure out the latest threads in the russia investigation. norm, i will start with you. if in fact, michael flynn is cooperating, doesn't that suggest that robert mueller has a bigger fish in mind that he needs michael flynn's cooperation for? >> alisyn, thanks for having me. and it does suggest that he is working his way up the chain. in my years as a criminal defense lawyer before i was ethics czar, i often cut these deals. invariably, alisyn, the prosecutors wanted my client, in order to get cooperation, to flip on somebody up the chain. in this case, that means kushner, don jr., or perhaps the president himself. >> renado, i mean, for a while the thinking was maybe michael flynn was the biggest fish. he is the person with all sorts of russian ties that we had seen on video or in photos. so this has changed the equation. >> it certainly has. you know, until now, i thought frankly that flynn's legal team assumed they were getting a pard

ben, i want to read you this tweet that comes from norm eisen, he chairs the citizens for responsibilityhics in washington. he said, quote, i negotiated a cooperation deal for a target with mueller's office when he was u.s. attorney, and let me tell you, he's not going to give one to flynn unless he implicates someone up the ladder. that means kushner, don junior or big daddy. they are all having indigestion tonight. he's speaking from experience here. >> it sounds to me like a christmas list of what he's hoping. he's saying back in the day when i did something, this is how it went down. look, i think flynn right now is going to do everything he can, maybe even to protect his son. and that can mean that he falls on the sword. we know that's something he's been very concerned about. you know the conversations you had with flynn. i don't think they're as concerned as people want them to be. i think flynn clearly crossed the line. i think his son is in trouble. that may be that flynn is saying i'll do more, take more responsibility for my actions. but i think there's a little bit of wishful

, win ♪ got money on my mind i can never get enough ♪ >> welcome back to squawk on the street sara eiseninvestor day in atlanta where she will sit down with new ceo dave quincy. >> we'll hear from liberty media ceo greg faffei in a little bit. s&p up almost 12 in what is turning out to be one of the best gains of the month so far getting to break even once again. walmart adding 35 points to the dow and reporting an earnings beat nice metrics across the board whether it's u.s. kochs, grocery, traffic and ecommerce, rev currentlied is 50% versus a year ago mike, i was looking at a chart of six-month performance walmart in a dead heat with amazon. >> it's been quite a sprint. the last year but the last six months easy to forget that the stock hit 90 in the beginning of 2015. it had an almost two-year period where it went side ways. the take away invests have it's beyond kind of surviving and now a net winner in this environment. you mentioned comp sales, 13 straight quarters of increasing comp sales what's almost as significant if not more is 12 straight quarters of traffic increases if you

i'm carl quintanilla with john fortt, sara eisen at post 9 of the new york stock exchange.t a morning for tech, john. >> yes, indeed broadcom confirming its takeover bid for qualcomm the cash in stock offer valued at $70 per share, or $105 billion, excluding debt. qualcomm acknowledges receiving the offer. for more we're joined by a tech analyst at william blair and analyst at rbc capital markets is on the phone. actually, i want to start with you, amit. so, broadcom's side argues, i had a chance to have a few conversations this morning, that qualcomm hasn't traded at $70 a share since a year ago it's been three years since it was at $80, so this actually represents fair value, but we've seen qualcomm under pressure now from apple on the licensing front. a year ago, and before that from china, though it was able to resolve much of that does that argument hold water in your view? >> yeah. thanks for having me, guys i'll say, you know, factually they are right qualcomm has not traded at $70 in a while, since the apple litigation started, and i do think one of the big levers i

i'm john fortt here at post 9 with michelle caruso-cabrera, mike santoli, carl quintanilla, and sara eisene the morning off. general electric, meanwhile, slashing its dividend in half. the first cut since the financial crisis, and it's shaking up its core business shares sliding right now down more than 4.5% morgan brennan is at ge's investor day in midtown manhattan and joins us now >> ge cutting its dividend by 50% in what is from a dollars and cents perspective the biggest reduction ever by a company excludeing the financial crisis, but the street expected that that's not why shares are falling right now. why shares are falling, because of the guidance, so new 2018 eps forecasts, a dollar to $1.07 per share, free cash flow $6 to $7 billion, also disappointing, lower guidance and as one analyst just pointed out to me, the $6 billion in pension funding next year is excluded from the disappointing eps forecast meaning, the numbers may be worse than the optics are suggesting so one key driver of that, the rapidly weakening results in ge's biggest business, power russell stokes laid out upst

i'm carl quintanilla with john fortt, sara eisen of post 9 of the new york stock exchange. s&p, the nasdaq, the russell all hitting record highs the dow is very close to a record of its own. we're in a period of time here seasonally the markets tend to do well. it's been about two weeks since we saw not only intraday highs, but even back-to-back gains on the dow and s&p. >> technology is in the lead with some familiar names dom pointed to paypal, chip makers, technology stocks. the best performing sector of the year continues to plow this market forward deals are also a big theme, and the question this morning is how many of them are going to get blocked. $200 billion worth of deal this is month, according to deal logic. that is actually a record high for the month, and a lot of it they paint in the backdrop of amazons, facebooks, and googles, john, just getting bigger and disrupting industries and leaving companies figuring out the next step. >> meanwhile, this big regulatory question mark hanging over all of that as we see the doj moving to block at&t/time warner we'll se

i'm carl quintanilla with sara eisen, mike santoli at post 9 of the new york stock exchange.eresting day as the eight-week run the markets have had currently at risk as we're down for the week. interesting intraday movements here, mike, what do you think is going on >> there's been this undertow of weakness, small cap stocks underperforming. average stock made no progress, also a lot of focus on high yield debt the credit markets have been a leader, they've been weakening for days seems it's caught up to the headline indexes not sure if there's much more to it than that, other than pent-up selling in september and october when we're normally weak and skated higher through it >> i wonder if it has to do with anything that's been happening in the bond market we've been looking for clues we've been seeing a lot of buying in treasuries yields have come down from last week, almost around 250 and now people are looking at high yield and some of the selloff we're seeing there >> that pinched yield curve got more anxiety, another excuse to do more selling. >> doesn't take much to get

i'm carl quintanilla, sara eisen, john fortt. coming off the heels of the earnings last night, and the pictures of all the lines at many apple flagships we're cnbc, so let's start with earnings this could be investors outside with all this cheering, because there have been so much doubt, so much fear leading into this quarter. the iphone 8 demand doesn't seem to be there, will they manage with the x, the 8 was strong enough to carry the fiscal fourth quarter into really strong numbers, above what analysts expected, and the x supply appears to be good enough that the guide on revenue is higher than expectations the mid point of the guide >> cfo saying they are quite happy with the production schedule of the x, which has been, of course, a source of much debate over the past few days our josh lipton is there live. just talked to cook a few moments ago. josh, nice pictures of that first customer in line actually, a bunch of customers getting a handshake from cook on their way in >> that's right, guys. you can see the store here is o

controlled but it would be that the last stronghold in terms of urban settings small town and cities eisen would have lost all of them when it moved as a good come out saudi arabia is making it clear it intends to take action against iran and its lebanese ally has the law as the crisis in regional politics deepens the resignation of lebanon's prime minister saad hariri was the first step but it's not clear what further action riyadh intends to take inside lebanon itself some people fear the worst so no one has more from beirut. posters are springing up with messages of support her side the heavy it has been four days since he announced his sudden resignation of the saudi capital this neighborhood the lebanese capital which is one of heidi the strong. returns to the country under. him we hope the government functions again because people put off their plans like buying a car out of no one knows what the model is going to. regardless of whether they support or oppose heavy decision to step down people here are worried the resignation is linked to the saudi iranian rival the region's past att