his ceo is one of herbalife's biggest shareholders.ome to the show. >> thank you so much. >> why do you think a settlement is coming? >> well, there are really two issues here. one is the bostic class action where both sides have been in productive negotiations and recently petitioned the court for a two-week extension that ends on november 10th. so sometime between now and november 10th there's a reasonable likelihood we get the bostic class action put to bed, and i think that will be important for the stock. could happen on monday but no reason that monday is particularly sacred from that standpoint. >> so i'm curious, tim, in terms of your price target, which is practically double where the stock is right now, you know, what other catalysts do you see out there aside from settlements of investigations or lawsuits? i mean, aside from potentially settling with the class action lawsuit there could be the ftc investigation goes away. that could be another catalyst. what are some of the fundamental catalysts that will drive it to your pr

and analyst to is covered herbalife -- who covered herbalife says the constant battle between bill ackman and herbalife may be half -- hampering your growth. >> some of the changes we are making is moderating growth. it's building a stronger foundation with which to build from what this pipeline gets run through. once the salesforce gets assimilated to the changes. >> is the new normal. and the new normal is slower than where you once were? >> i think it's a short-term moderation. then we go back to what we consider long-term growth rates. >> do you feel the bill ackman's attack is affected your growth? >> i think what we've done is making us a better company. >> i will ask you one more time. bill ackman. do you think his attack, his very public short against herbalife, has for your company? -- has hurt your company? >> i think everything going on is helping our customers -- and company. i think with every thing going on in the changes we have accelerated -- >> you are not answering my question. >> you are describing it to one individual. >> i would like you to answer that question. bill

liz: herbalife officer say 2016 growth rate looks good. shares sinking today.ery messy earnings report. >> we were expecting things to go as a messy report but, that is exactly what they got. stock down, 21%. sounded positive going forward. when you have the company, you really want them to do well. david: nicole, dow is up by 16 points. would be higher if it wasn't for caterpillar. dow component pulling down the whole index. >> caterpillar you think of mining equipment. this was a big loser on dow. david: no loser with alibaba. hit a new all-time high. i found this fascinating. valued as bigger company than walmart. [closing bell ringing] david: bells are ringing. the last closing day before we get results of the election. at this time tomorrow we may still not know exact results but we'll have an idea. all industries with the exception of the dow are trading in the red today. perhaps a hold position on a lot of gains that have been made in the days leeding up to today. waiting to see whoo happens with the election. we're election from beginning to end. all im

and the misses for herbalife, the cfo joins us live next. today could be the day.he day we give you hope. relief. a cure. today, we believe every life deserves world-class care. as one of the top four hospitals in the nation, over 100,000 people from around the world come to cleveland clinic for care each year. and we're ready for you with a second opinion or a same-day appointment today today today and everyday. call today, for an appointment today. so ally bank really has no hidden fethat's right. accounts? it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees, from the bank where no branches equals great rates. it's in this spirit that ingu u.s. is becoming a new kind of company. ing u.s. is now voya. changing the way you think of retirement. >>> welcome back, herbalife having its worst day in five years now. following the company's second straight earnings miss. herbal life cfo is just off the company's conference call and joins us live today from los angeles. john, welcome back. it is nice to speak with you today. >> thank

we are going to have more on the herbalife story after the bell.eck on the market on the other side of the break. bottom line continues in just a moment. who who is >> get the latest headlines at the top of the hour on bloomberg radio and streaming on your tablet and bloomberg.com. i am mark crumpton in new york, thank you so much for joining us read on the markets is next. -- joining us. on the markets is next. >> bloomberg television's on the markets. let's take a look at where stocks are trading. like the s&p -- not close at another record. we have seen stocks bouncing around. very indecisive today. utilities have been gaining along with technology. we have seen telecom declining. virgin america, the airline partially owned by richard branson, is ready to go public. leslie covers the ipo market for us. interesting timing here for this going on. a coin to dental timing as the virgin galactic accident happened. >> this was set in stone after the virgin galactic disaster happened. also the selloff to the experience recently with concerns of ebola.

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herbalife is not a sure thing. this is a very, very ugly number right now.know, the stock was up on the notion that maybe they would settle the fdc investigation in a positive way. tim came out with that, an analyst. these numbers missing twice shows the volatility in this thing. you have to ask, how long will karl be in this thing? once he leaves, this thing will go down @urther. it doesn't mean it's a pyramid scheme. just if you're going to play this stock, it's one of the most volatile stocks right now. >> down about 12 percent right now after hours. everyone will be watching it tomorrow morning. liz: gasoline prices lower than they've been in four years. will they last? we know a lot of you are asking. guess what we've got answers from a top expert coming up. david: also, it will be a busy day for the markets tomorrow and the day after as the election gets underway the results come in. we ave tomorrow's trades coming next. >> i'm gerri willis coming in at the dop of the house. those gas prices falling below $3 a gallon. a huge tax cut for consumers. wher

>> i want to hear more about herbalife.ng from their cfo tomorrow and getting details. >> kayla? >> baba earnings before the bell tomorrow, 7:00 a.m. first quarter as a public company. always interesting, always volatile. >> much more on squawk alley. thanks for being here. "fast money" is coming up in a few moments with melissa lee and the gang. what's on tap? >> back trans and bodily functions, ie, the vomiting camel. >> i'm so happy to turn it over to you at this point. >> it's a two humped camel. anyway, "fast money" starts right now. live from the nasdaq market site in new york city's times square. herbalife and sprint both getting killed in the after hours session. are these dips buying opportunities? we'll debate it but we start off with the calm before the storm for stocks. a quiet day for equities before tomorrow's alibaba earnings report. thursday's central european bank meeting and friday's job report. most of the strength was in the dollar and oil prices with closed at the lowest level in more than two years. al

>> herbalife -- >> down almost 15%. according to the "times" profile on ackman, this is about the price which bill begins to turn a profit on hlm. >> when you saw suntrust, there are guys who like this. i think the support is going to be evaporated here. you need to see better numbers. wasn't just venezuela, you know? >> that was a big part of it. >> venezuela, there's like $200 million they are never going to get back. if you look at -- clorox pulled out of venezuela. there are other companies that hang on betting that chavez would somehow, things would get better. things have gotten worse. venezuela is a great economy that these companies keep hoping comes back. >> has got a lot of oil. >> argentina, when they banned proctor. what is that? >> can we talk oil? that is the other story today. we watched it move well below $80. a lot of these names have been getting beat up. we talked about san bridge down. >> there are 34 states that do better. 16 states are oil-related. so this is a lowering of the tax on the consumer.

and herbalife hysteria. chief financial officer, and when i say "we," i mean charlie gasparino and i as the stock falls 20%. guess what? charlie's going to take a totally different tactic on this interview. we're going to be jumping in on this as the stock is plummeting at the moment, year to date down 41%. herbalife's chief financial officer, it's the stock that, as you know, billionaires love to love or lo to hate. we are looking at collapsing oil, the fact that the eurozone has downgraded its growth, and we are counting the minutes until the polls closs. polls will start to just be about three hours away, stay tuned. all that and much more. melissa: liz, thanks so much. liz: sure. melissa: how record spending this year hit as much as a billion dollars. >>> plus, for this next story i'll need you to get on twitter and follow me @melissaafrancis. black friday sales start even earlier, one store opening t six a.m. on thanksgiving. aren't you at a parade or cooking or something? is this how you plan to spend

this is not great news if you're an herbalife shareholder.alking about areas like china, remember when nuskin was having problems in china this was a big hit against herbalife a year and a half ago. i think it's great the cfo is coming on. everybody is waiting for this settlement. who knows if it comes. >> it is the eve of the midterm elections and here to tell you how the results could impact your portfolio is paul hickey and, paul, of course, a lot of people are waiting with beated breath. >> when you have a democrat as president and republicans controlling both houses of congress, only happened three other times in '95 to '97, '97 to '99. '99 to 2001, and pretty much everything was up then. s&p was up 60% in each of the first two sessions of '95-'97, '97 to '99 and 8% in the first one. the best performing sectors were obviously technology which is partly due just because of the time and health care which is another interesting one there. whereas in on the laggards you saw energy which doesn't bode well if you're an energy bull right now an

ftcow much does the investigation into herbalife hurts? >> every industry has its critics.ritics are looking at the stock price rather than the business. has 21,000usiness employees. thousands more come in every year. though -- atible the very least it is possible, is it probable that regulators will respond to criticisms that people have raised about herbalife and other direct telling models will put constraints on your business and make it harder to operate in this country? >> we go around the world and look for direct selling legislation around the world. i think the u.s. has rate direct selling legislation. they have for a long time. the great thing about the business today is the opportunity i was just talking about. we have been releasing our amway global entrepreneurial reports in that looks at how people look at our industry around the world. it looks at how people look at business owners around the world and what is it like to be an on your -- an entrepreneur. i think it shows that people are very interested. >> how has this herbalife saga affected you? are looking

sprint, aig, and herbalife reported financial results.will cut 2000 jobs because it is losing more customers than projected. callers have hung up on sprint in each of the past 10 quarters. aig's profit climb to 1% of $2 billion, beating estimates. this is under the new chief executive, peter hancock and on life support, earning said to be lower this year than first projected at herbalife and sir

are herbalife, to name a few.is rare on-camera you and you interview, icahn also addressed warren buffett, will also addressed warren buffett, you took jabs at silicon valley, and discussed in the unintended consequences of the fed's monetary policy. and of the fed's monetary policy. he let's start with interest rates. in this low-interest-rate environment, how do you see this?

herbalife probably giving bill ackman sweaty palms right now. shares soaring after the company agreed to settle a class-action suit for just $15 million. the plot expected to thicken when herbalife reports earnings after the bell. charlie, what did we expect? >> what did we report a couple weeks ago? herbalife patrols and shorts on this -- melissa: i love the name calling. >> they attacked us. what we said, based on what the3 company has been telling people, a lot recently, they expect to settle with the ftc. armageddon. like there will be some sort of, they will not close them down. they may face some fines, some penalties. this is not going to be end of the world. that is far cry from what bill ackman said this is massive fraud. listen, if this was massive fraud, and have a significant class-action suit you don't settle for 15 million wwthout admitting or denying any wrongdoing. melissa: they missed earnings last quarter. the stock has fallen 20% since then. >> i should point out in my last story, a lot of investors think they will miss again

and herbalife on life support after reporting a profit that missed estimates. earnings will be lower this year than first

and then my sister introduced me to herbalife.i started drinking the protein shakes, she helped me plan out a more balancediet. i've lost 44 pounds. and now when my son asks me to shoot some hoops, i wear him out! find out more at iamherbalife.com >> this s week on "government tters" -- have twon now we different i.t. systems. both of them were built in the 1950's. use the technology in ways we have not been able to use before because the technology has not been there. >> the social security administration matches mission to big data. a special episode from the executive leadership conference. "government matters" starts now. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] thanks for joining us. government is the engine that runs this city. that is why

activist carl icahn is perhaps the busiest of them all, stirring up conflict at apple, ebay, dell, and herbalifeame a few. in this rare on-camera interview, icahn also addressed warren buffett, took jabs at silicon valley, and discussed the unintended consequences of the fed's monetary policy. let's start with interest rates. in this low-interest-rate environment, how do you see this? what implications does it mean for the economy?

modest games in allergan and air products helped offset losses in howard hughes and gains in herbalife a stock he is short. meanwhile, ackman's own shares about flat since their debut on an amsterdam exchange in mid-october. see if there's more action. that opens for u.s. trading in a few weeks here. i mean, in other words, u.s. investors can get into it within a few weeks. >> you want to comment as our resident -- >> yeah, i do. first of all, i disagree with the premise. not an increased risk. there's increased risk with some strategies in hedge funds as with long only managers and private equity. i think you have to throw that out. that's factually not true. in terms of -- >> other than that what have you, steve? >> investing in stocks will be the same risk across the board. you will see hedge fund managers get into more thinly traded products whether sovereign bonds or other credit products. >> depends on the hedge fund you're into. >> of course it does. >> long only -- >> i would say the average hedge fund has a higher risk profile in terms of leverage and possibly -- >> we have to

. >>> herbalife followed suit with disappointing after the hours results. they posted sales and earnings that came in below expectations. it offered a sales outlook that was well below wall street forecasts. shares were sharply lower initially after hours. during the regular session shares rose 6 1/2% to1/ 65.90. >>> the maker of arm & hammer baking soda and other products said new product introductions helped boost results but its outlook for the current quarter disappointed investors. shares down 72.11. >>> amerisource bergen has increased the payout by 23% to 29 cents a share. last week the company reported better than expected fourth quarter numbers. that all sent shares nearly 2% higher to $86.90. allergen said it had been approached by another party concerning the traction. the company involved there was activist. this comes as allergen, the maker of botox has been trying to fend off a hostile takeover. allergen and activist rose more than 1 1/2%, valiant off just slightly. >>> and apple is looking to put up some corporate bonds for sale but not where

. >> not going to comment, that was john desimone of herbalife. a company bill ackman went over after -- when after over two and half years ago. he was taking a bath up until secently because he had the leg of carl icahn, george soros, and others against him. and down 5% today, down 21% yesterday, dark things are coming this year for herbalife. ♪ . . >> live from bloomberg world headquarters in new york, this is "market makers" with erik shatzker and stephanie ruhle. >> no excuses for republicans now. they are in control of both houses of congress. we will see what's likely to happen. will the hot seat -- we put you behind the wheel of the car that just won the world's most famous race. and they'll take manhattan -- bridge retailer top shop opens up a flagship store on fifth avenue. what did secret weapon? beyoncÉ. we will be speaking to the chain's founder. >> good morning. >> will come to the second hour could talkmakers." i about beyoncÉ all our. we need to get you the top business stories of the morning. toocrats will cut today inconvenient tr

herbalife says all current and prospective board members are asked about any pending and closed cases over the past decade. cordoza always responded in the neff. >>> down about 21 points. but stim in frankfurt, up 0.5%. >> coming up, a slowdown. >>> welcome back. halliburton and baker hughes in talks to a merger that could reportedly be valued at $20 billion. >>> eurozone gdp picking up slightly more than expected, but italy lingers in recession. >>> world leaders have arrived down under for the g-20 summit. tax evasion and the russian ukraine crisis were set to dominate the agenda. good afternoon, oriole. >> good afternoon to you, wilfred. you know what's dominating the agenda here, and i'm sure it's no surprise to you because you would have been talking about it a lot over the last 10 to 15 minutes is europe. it's not just the politics, it's the economics. some are saying the economic situation and the conflict between the two countries over whether to spend or whether to stay has the potential to derail these economic forecasts, these economic goals that the g-20 is sliekly to put

and they are watching earnings from aig, herbalife and others.elly o'donnell has this report. >> reporter: making a final sprint, today president to unbarely aboarded her connecticut party and campaigned for connecticut's governor. >> i can't vote in california but i'll tell you who i vote for. >> reporter: trying to save senate. today hillary clinton returned to new hampshire to help democrat jean that hoo-- >> and democratic senator joni ernst is said to be out in the lead. and pat roberts, the one republican senator most on says is hard to get in touch with. >> orman can even switch sides. four to five months as hon by and we are in the same old partisan politics. i'll be able to change our allegiances and work with the other side. >> today his mom mark ed this a he looked for new ideas. >> reporter: but in conservative kansas, roberts vulnerability as a long-term incumbent could cause the republicans a big side. and some of that story could have landed you. >> taking these stories, i take it to her and know i have been fighting this. >>> he m

activist carl icahn is perhaps the busiest of them all, stirring up conflict at apple, ebay, dell, and herbalifethis rare on-camera interview, icahn also addressed warren buffett, took jabs at silicon valley, and discussed the unintended consequences of the fed's monetary policy.

first herbalife now these guys. they are the first to blame the dollar.u dollar wasn't that strong. also weak sales. i essaystay away and never like. >> pete fire eye. >> not been my fire. there are other security names in the business you can be with that already have earnings. they don't have earnings. they disappointed on the outlook. yes growth but they still haven't been any way to find any profits. that is a mimajor issues. go anywhere else in the security space. intel's got mcafee. we'll talk about them later. >> ro you on the fire eye? 5:00 p.m. fast money. dave dewalt. exclusive interview this morning. our call here today is in the chips. plus a double dose of najarian means we not only have some unusual activity in the airline industry, we also have a trade update. and did you know they were the co-founders of option monster? >> what? who? >> that's right. so far 9% drop in applied materials, is it time to take the money and run? you're driving along, having a perfectly nice day, when out of nowhere a pick-up truck slams into your brand new car.

and then my sister introduced me to herbalife.g the protein shakes, she helped me plan out a more balanced diet. i've lost 44 pounds. and now when my son asks me to shoot some hoops, i wear him out! find out more at iamherbalife.com

and then my sister introduced me to herbalife.ed drinking the protein shakes, she helped me plan out a more balanced diet. i've lost 44 pounds. d now when my son asks me to shoot some hoops, i wear him out! find out more at iamherbalife.com >>> there you see it right there. lots of money being spent in those. but it's not just on the air waves, it's online too. social media playing a critical role in this election. candidates, parties and the press all over facebook and twitter. alicia menendez all over the tracking of it. >> hey, george. since mid-summer, 27 million people, that's about a third of potential voters, have commented on this election using facebook. talk about polls, they only tell us part of the story. that's why we look to social platforms like twitter, facebook, to give us sense what have people are talking about unfiltered and uncensored. let's look at some of the top tweeted issues in this election. number one, president obama, no surprises there. republicans have been trying to make this election a referendum o

and then my sister introduced me to herbalife.rted drinking the protein shakes, she helped me plan out a more balanced diet. i've lost 44 pounds. and now when my son asks me to shoot some hoops, i wear him out! find out more at iamherbalife.com after filling out their hogan iquestionaire, aight. hogan was awarded an a- from the nra. but now he refuses to release his responses. the nra opposes comprehensive background checks. they want to weaken maryland's gun safety laws. even support letting suspects on the fbi terror watch list buy guns. on gun safety and terror, the nra is wrong. hogan gets an a- from the nra. on protecting maryland, we just can't trust him. >> schieffer: welcome back. we begin this half hour with our director of elections, the fount of all wisdom. by the way anthony we'll have final exam for you tuesday. cbs news correspondent nancy score december who is just back from a lot of time out on the campaign trail. take it away. how close are these elections, what is going to happen tuesday. >> close enough going to

is herbalife a scam? i don't know.ble that these shakes are really healthy and everyone is making money selling them? unlikely. >> you think other activist investors -- >> there is activist and active investors. we have to be careful we don't go too far either way. there are some legitimacy and what's being said. holding these corporations hostage is not the right thing to do. up, our countdown to the opening bell continues. cars, tesla had of their earnings. we are staying on electric coverage renew the lighter moments we have collected. mark udall and michael bennet taking things literally. stump.n a tree stay with us ♪. ♪ >> we continue to count down to the opening bell. we are halfway through. it's time for a deep dive into number five. talkf our paper topics to about, tesla. reporting earnings after the belt this afternoon. investors want a fresh update on the 2015 demand and the launch of its new model x car. and matt miller, i think a lot of questions are around what are the sales numbers right now. there was so

we are throwing a new name in the mix, herbalife?ou if you are watching. >> thank you for breaking it down. olivia sterns on the latest. the end of quantitative easing is going to play out around the globe. >> a chance for the democrats or is it a big waste of time? ♪ >> welcome back. the final chapter of quantitative easing has yet to be written. broadly speaking, it has been a success. no inflation here in the united states and it rescued the economy and financial markets. to raised gets ready rates, what will the next chapter mean in the united states and abroad? as you look into the economy, what do you see. >> the fed is contemplating a change with respect to monetary policy. most particularly, in fixed income, we have seen it in the corporate bond market. >> when that happens, how are the last few chapters going to read? >> if you view quantitative easing as a success -- >> do you? >> we do not. we think it was necessary in 2008 and 2009. last several years, this idea that you can live with an artificially low rate structure an

and herbalife stock down by about 13%.he company's cfo coming up on "half-time" later this afternoon. >>> trevor fetter on the latest obamacare ratings. obamacare helps this company, this hospital company. we'll have much more. then later, midterm elections, that's today. we're going to speak to senator benjamin cardin about the possibility of the democrats losing control of the senate or keeping it. and the republican agenda. "squawk box" will be right back. >>> tenet health care out with results. revenue soaring 74%. admissions continuing to improve. also stocks up 37% year to date. here to take us inside the numbers, trevor fetter, president and ceo of tenet health care. there was an acquisition, right? even obamacare can't do 74%. >> that's right, joe. good morning. yes, we made an acquisition. a material acquisition last year october 1st. sop that's in the numbers. but still on an apples to apples basis, we've had a terrific quarter, strong growth across the board. >> and is it that simple, trevor, that it used to be

food services company right now down 2.5% -- sysco, and reporting after the bell today, aig and herbalifee stocks certainly have been jumping in that particular group. that's up aaout 2.5%. and later in the week we'll get some big economic news, waiting on elections tomorrow and, of course, jobs numbers on friday. sttart: check that big board. you know, we might just turn positive any moment, only down 14 points at 17,376. come on in, keith fitzgerald, who joins us from portland, oregon. are the markets already factoring in a gop win tomorrow? is it baked into the market? >> i don't think it's totally baked in, but definitely it's in the oven, stuart. stuart: okay. supposing we do, the republicans do take the senate tomorrow, do you expect a solid rally as we go through no and december? -- november and december? is it a big plus for investors? >> yes, actually, i do. there's a couple things that are number one, you're going to get expectations, particularly if the gop can produce a cohesive plan. number two, there's a lot of fund managers that have got to chase performances, so they've go

a quick look at sprint, herbalife and office depot. do not forget, they had a merger recently.are lower in a big way. ♪ just gotten rried.ve. i was right ouof school. my family's l litary you n't knowhat to expect. th suddenly u're the... in another world. you do your best. i remember the faces... how everything mtered... so much more. buddies.. my count... everything... and everyone led... back hom ♪ [ male annouer for all who'erved and all who serve, we can never thank them enough. ♪ we can never thank them enough. how couinellyfish,roin impact life expectancy in the u.s., realand the opti iustry in germany? we understand the connectis of a complex, glalconomy. it's just one reason over 70% of our mutu funds beat their 10-year lipper average. e price. investith confidence. request a prosctusr summary prospectus with investment stuart. you see the smile? microsoft shares hitting a new that was earlier in the day. i own some microsoft stock. here is another big name. office depot. it raised its forecast. look at that. a 16% gain for office depot. that is a rally. a red light ca

i'm thinking of eddie lampert at sears and bill ackman with herbalife.they taking on these cases? is this a smart move? i think those are examples where maybe an activist got a little bit out over their skis. they are not experts at running companies. they do have a lot of expertise in may be looking at portfolio businesses and maybe there is a high growth and low growth business and if you split them up, it would create value or maybe capital allocation could be more effectively done, share repurchase separating real estate or maybe there is a governance issue. with eddie lampert and bill ackman -- when bill ackman has focused on those three core areas, he has been a more effective activist than when he has gotten involved as in jcpenney and coaching management. he has got a little too far in those cases and it has not worked out as well. >> when somebody like dan loeb approaches the ceo of dow chemical and tells him he should be able to make a chemical compound in two years, how do you think the board of dow should respond? this is a tricky point -- th

expire in december, so just next month the company tells wapner that it's a vote of confidence in herbalife'sack to you guys. >> thank you very much. when we come back, we'll take a quick break and then relive some of our own favorite music fe festvals. back in two. >>> final thought here with the panel. black friday, what are you doing? >> i have this tradition of not stepping foot in any retailer during black friday. that doesn't preclude me from purchasing on my computer. >> they could also purchase an action figure. >> limited supply. a very limited supply of the action figure left. >> sherry? >> exactly. it's in development, absolutely. no, i don't really like to go shopping on black friday either. i'd rather shop online, but unfortunately, santa doesn't always get the letter until the week before christmas, so, there's a lot -- >> get 100% satisfaction guaranteed. >> dr. j, you shopping black friday? >> yeah, i'll be having a cnbc film crew follow me around the mall of america. >> you're going to the mall of america? wow. okay. >> yes, i will definitely -- can hold that one down. >> ple

. >> herbalife yesterday. nu skin today.lez up nicely after a strong quarter. >> on margin expansion. not necessarily on organic growth. i'm going to have fred hassen on tonight, the former chairman on the board of avon. i don't know about that direct sales model. >> all right. let's move from stocks to bonds, get to the bond pits and rick santelli at the cme in chicago. rick? >> thank you. if you look at a one and two-day chart, you definitely see the adp had a mild effect at 8:15 eastern. over 200, wasn't a bad number. that's for sure. it was solid. it's trending solid. could be more solid, but it's improved dramatically over the last several years. that is reflected. but the next chart starting in october really tells the story. here we have fives up two, tens up two. parallel shift. when rates moved lower, it was a capitulation atmosphere culminating on the 5th of october. the way it's crawled back in orderly, baby steps almost every day really shows that the market is comfortable in these areas. most likely we're going

herbalife, a fraud case.bout those charges in a comment to our own scott last night, saying it first became aware of the situation just two days ago. >>> also nordstroms beating on both the top and bottom line. luxury retailer did cut its full year outlook. >>> let's get to one of our very own squawk market masters for his take on a lot of things. the jobs, the economy. marty feldstein is former council of economic ood visors chairman under president reagan. great to have you. we haven't talked to you since the qe exit was finalized. at this point i know you're watching things closely. so far, so good, is that how we should characterize it? and the next step is the first rate increase, i guess. >> certainly so far so good. the economy is, i think, finally broken out of the slow growth the last couple years. but now the fed's big challenge is to get interest rates back up to normal levels without upsetting the apple card. >> a lot of people and you to some extent -- and you don't have to be a student of histor

but one stock that may have hurt some investors, herbalife. icahn and perry are hanging on however.battle ground stocks because when we get these disclosures, it appears there's some people on one side of a trade, others on the other side of the trade sort of squaring off. at least in terms of alibaba, everyone appears in the third quarter they were on one side. back to you. >> okay. thank you for that. surprising only because you always hear these guys only want to buy sort of after ipos so people don't buy really as an investment. anyway. >> little different. tells you about what people think of alibaba too. >> well, the question is going to be also how long they hang onto the stock too. >> good point. >>> we do have some other news happening this morning. halliburton buying baker hughes for about $34.6 billion in cash and stock. joining us now on the "squawk" newsline is jeff tillery. thank you for joining us this morning, jeff. what do you think of the deal? >> you know, overall we like it. ultimately there's a significant prize to go after. larger competitor has an inherit adva