s ibm's cloud.really is a big thing, because if they are not open, that could be an issue. >> red hat is already working with amazon and microsoft. is that a cultural shift for ibm to say look, our products have to be cloud agnostic. do they have to change their dna to make that work? >> they have to. there is no way out. we have seen with microsoft that is the only way to show people that you are agnostic to whoever the end party is. you try to stick your own technology in between, they will be in for a surprise. selina: that was dan ives and bloomberg intelligence's arunag rana. coming up, we hear from marc benioff about san francisco's homeless problem. bloomberg technology is live streaming on twitter. check us out on technology and follow our global breaking news network on twitter. this is bloomberg. ♪ i am a family man. i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name

ibm is not really exposed. >> sure. it is a relatively easy way to

this is the ibm blockchain, built for smarter business. built to run on the ibm cloud.

we want to work with microsoft, google and ibm and others to insure that the technology that they're investing in can link into the data that customers store within box so we're building a fundamentally open platform and whether that is linking up to the artificial intelligence or machine learning technology that ibm, microsoft, google and others are building or the common applications that we use ever are i day, like office 365

ibm is launching ibm's talent and transformation, a new ai-fueled talent business. we are joined by ibm's talent managing director. how exactly does this technology work? >> we are really excited about this new business. you know, as technology is continuing to advance, about 120 million workers at least are going to need to be reskilled in the next few years. this is a really important board room topic for most companies. our new business is being launched in order to help those companies deal with that in two different ways. one way is to help them with reskilling their workforce on a continuous basis, as well as helping them change the way they are working for their employees. the second way is to help them reinvent their hr function, so that can be the catalyst for that change. emily: how could this avoid a situation like the one facebook finds itself in now? we just spoke to an ex-employee who says this company has a racism problem and went public with it. amy: the fact of the matter is that ai can help with many decisions in the workplace, but the people that

the ibm cloud.ibm blockchain, built for smarter business. hey! you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. edward jones grew to a trillion dollars in assets under care, by thinking about your goals as much as you do. >>> welcome back, everybody. i'm sue herera here's your cnbc news update this hour. jury selection starts today for the trial of kingpin joaquin el chapo guzman he was transporpted ed ttranspl courthouse, a partial shutdown of the brooklyn bridge due to security concerns. >>> new comments from alibaba's executive jack ma on trade from the u.s. and china calling out the trade war as, quote, stupid. >> we have to make sure we should not worry about those things like trade. trade war is the most stupid thing in this world. trade is for peace trade is to communicate. >> here at home elon musk says his boring company will unveil a tunnel under los angeles in more than a month he made the announcement vi

you and five ibm ibm and what would you will you'll kind of management the major because i saying i have worn. by a greek reserve saudi stop stop fighting waiting. strikes and then had have there are. and this isn't something was lessons. our our i could be doing is. trying to affect the changing. yemen. what we need the west right hand engage with easy more really in the gas s related. after a year you anyway ax ax reportedly not. talking about on chi chi. cholera is also. on the on the in the in mission mission. to mars existence heading as you yemen yemen as a flashlight tools was unity on iraq dat. disease actuation will population action into in some saw hunger from a farming is is iran et. extend ideal horizontally to the is will season of my much issue yeah my my first question. is from many meiji legally slate featuring it should not show it on with us about orders and the seasons are mike mike resolution saying assertiveness. it is on our disposal. they place. the people under investigation some friends from town council to separate like that sentence on ten thousand is accused

ibm for this moment., to me, all about resetting the entire cloud landscape, and this is the inflection point to do it. if you look at our clients, chapter one of the cloud is over. they have moved the easy 20%, the cost saving they wanted to get done. that is done. but the 80% ahead is a $1 trillion market, and this is the moment to go after it. to go after it, they need a hybrid cloud, they need what jim and i do together. we are the true open source portable answer for them. >> what we have lacked is scale in the market, a depth of customer relationships because we are a new player coming up. we have lacked deep industry vertical expertise, and lack the overall level of investment we need to meet our full potential. ibm brings all of that. >> the rupee saw losses as india looks to defuse tensions with the central bank. the annual reserve bank of india has been locked in a standoff in recent days as a bank regulation and bad loans. this comes in days when india's currency is the worst performing. what h

ibm needed to something big, big, and grow much faster than they were growing. especially since the last couple of quarters were truly uninspiring. i am a huge fan of the ceo of red hat. produced a terrific growth company with real cash flow. it makes money got a real mission to help other businesses adapt to the cloud. these insiders could be 100% wrong. seems pretty darn appetizing for me while you wait for whitehurst to work his magic. tougher one, general electric. plunked down $2.2 million of his own money to buy his own stock on the one hand, this is a deeply troubled company. and on the other hand, he was the ceo of one of my old time favorites. ge still has a ton of problems d dividend which was slashed again. power division from hell which shows no sign of turning around whatsoever i think they are actually selling the goods and keeping the bad. that's terrible portfolio management and insider buying has led you astray with ge before. two ceos ago, bought shares. and another 50,000 at $31.40 we know so much more about the problems at ge now than even a

we grade on a curve, anyway. >> caller: what do you think about ibm anyway >> ibm under 120 first of all, with damian, we love when kids call in it's just fabulous when i started the show nobody believed anybody would tune in i think ibm at 120 is fine it's come down so much i can't sandblast it i love when kids came in i made damian a little extra kind of special kind of halloween potion anyway, it's a bear market the trick is to outsmart it so you don't regret your position when you're out of its territory, which does happen what does the survey say about san surveymonkey's first results as a publicly traded company? >>> rumors swirled that seaworld was going to be taken over by six flags. my exclusive with cisco. i'm digging deep through the numbers with the ceo after earnings i say stick with hormel? no cramer >>> don't miss a second of "mad money. follow @jimcramer on twitter have a question? dmeycno an e-mail t maon @bc.com or give us a call. miss something, head to madmoney.cnbc.com. frps - i love my grandma. - anncr: as you grow older, your brain naturally begins to change wh

ibm brings all of that. india looks to defuse tensions.ve bank of has been locked in a standoff in recent days as a bank regulation and bad loans. india's currency is not performing. what has led to the latest spec? -- latest spat? tightened norms that have hit the power sector companies. what that means is that the state run banks which have 70% of the banking sector, remember india is going into an election next year. the government is trying to say, the banks need to lend more. can we get them lending so we get growth going into an election year? back on hopesre of a trade truce between the u.s. and china, after one phone call between the leaders. president trump has asked his cabinet to draft a possible trade deal with china and of the g20 summit. >> china responded today, diplomatic language. i think the next thing to look toward will be a speech from president xi jinping on monday at an export expedition. -- exhibition. tother he uses it as a forum make a comment on trade, he is unlikely to mention the u.s. line name. -- unlikely to

how about ibm this morning four ibm directors and some smart people wily james owen. former ceo of caterpillar or anthem jenny rometty is buying $3 million in stocks her own funds. those are statement buys now we have to start changing it in that buy is a stupid buy. but, let's see if what culp buys is smarter than jeannie. >> ibm having moved down ge was just touching that $9 >> what's the smarter insider trade? >> i don't know. i hate to say it it could be the bills verses the jets >> thanks for that >> no problem. >> oh my god the empire state, whoa man! bad. >> only one play the bills are the only one plays in new york. >> we'll talk more about culp. >> listen, i don't sniff at these ibm buys these are all smart people >> they're all right these are really rich people they're buying a million bucks worth of stocks, right >> maybe they have to average down >> it is not insignificant >> no, it is not insignificant is it significant of the city and a big change there new chair. i am saying buy city on that it does not matter >> john dugan, former comptroller, right >

this is the ibm blockchain, built for smarter business. built to run on the ibm cloud.lockchain, built for smarter business. [ready forngs ] christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience at home. and with xfinity mobile, you get the best wireless coverage for your phone. ...you're about to find out! you don't even know where i live... hello! see the grinch in theaters by saying "get grinch tickets" into your xfinity x1 voice remote. a guy just dropped this off. he-he-he-he. >> oil prices moving higher for the first time in 13 days.ç prosecutors say he shipped so much cocaine that every american could of have their own line. the real leader is still in mexico. day two is expected to be a four-month trial and it kicks off today. half about self driving car unit. it's ready to shift their first driverless car service in the next few months. it's gonna cater to individuals as well as individuals. we will roll out. the most expensive wa

shares of those companies, ibm rose nearly 4% today to $120.06. shares of ge were down a tick to $928. food services business cisco reported weake than expected profit in sales in the most recent quarter. costsmpany said that the are outpacing the price increases that it was able to customers. a tight labor market and a rise in overtime pay are contributing to those higher costs. cisco shares finished down 9% today to $64.56. and results of a new clinical trial show that eli lilly's top selling diabetes drug reduced the risk of heart attack a stro in people with type 2 diabetes. the company did not detail the magnitude of the risk reduction but executives did say that they plan to release the full results of that large scale clinical trial inune. eli lilly shares rose 3% to $110.14 today. >>> verizon is restructuring the business lines based on the types of customers served. the three groups will be ns er, business, and verizon media group. this is one of the first major organizational changes under the new ceo. verizon shares were up 1% to 7.21.

whereas ibm or apple, not so much.e is advocating for regulation i don't think it will be targeted at ibm or apple. that is why she would be in favor of it. it doesn't hurt her. charles: although they took over a cloud company and apple probably at some point will use data information even though tim cook allowed to take the high road now but you make a great point. nevertheless it does feel like these companies are under a tremendous amount of pressure the last few days. conservatives are upset with twitter for taking off con -- consumers. >> seven countries consumer groups from seven different countries are grilling facebook on misusing information. now they have already been fined on violating antitrust laws over in the eu now that doesn't happen in the u.s. because we have laws protecting freedom of expression and the first amendment. they don't have those same laws in the uk and that's why they're able to fine facebook many different ways than the u.s. where you could be sued if you're an online public platform fo

. >> first ibm is a very strange day. they are up 4 and apple is down 3. when was the last time you saw that happen in i can assure you it has ban long time i want to show you apple versus ibm. it has been a complete die v divergence it is up about 18% wouldn't that be something this is a price weighted index boeing is up $4 here some of the industrials on some kind of deal on china. nothing in particular there. finally an energy complex, up 8% all of the energy complexes but particularly anything that is related to natural gas you southwestern, southern company, all of these companies are moving to the upside right now. speaking of energy let's get an update on the iran sanctions, jackie >> thanks so much. economic sanctions went into effect at midnight last night. the reaction was muted in the oil market today while the deadline made it feel like some light switch was going to go off the market has known about the sanctions for months it got nervous pushing oil up and then it backed off the reason for the drop is when the market realized that all four ba

we want to work with microsoft, google and ibm and others to insure that the technology that they'reesting in can link into the data that customers store within box so we're building a fundamentally open platform and whether that is linking up to the artificial intelligence or machine learning technology that ibm, microsoft, google and others are building or the common applications that we use ever are i day, like office 365 or google dots or slack, we want to make sure that box can connect to all of those applications so you can have one source of truth for your data, but integrated everywhere. >> they get the cloud now, you do, stir, aaron levy, thanks for now, let's toss it to the half >>> i'm scott wopner, one down, one to go, after fed chair jay powell sends stocks surging, can g20 talks keep the market momentum going it's 1:00 noon, this is the "halftime report." >>> the dow coming off its best day in eight months, the focus turns to the meeting of global leaders in argentina as trade worries recapture wall street's attention. >>> and crude's wild swing sends oil below $50 for

built to run on the ibm cloud. >>> all right.e down as well, this coming off a 400-point decline yesterday. the dow is still up 1.2% on the year so we fall more than that today or today into tomorrow, friday is a holiday, the dow will have turned negative for the year all five of the f.a.n.g. names, they are down more than 20% from their highs. let's bring in julianeweulian e from btig. i know the f.a.n.g.s get the focus, however november 29th president trump and president trump xi of china will be meeting at the g20 how important is that meeting to the overall market >> it's extremely important. you know, it's essentially one of the few topics aside from the fed that we really think people are focused on now because the potential here is very important with regard to psychology this market is about psychology. if it goes well, if there is the thought that there will be a deal in 2019, that is how you regain the psychology that causes multiples to look fair to inexpensive here if this is the start of an economic cold war, the cas

the ibm cloud.resident trump stepping up his attacks on the fed chief will jerome powell respond when he gives a major speech later today. >>> countdown to g20 everything that needs to be on your radar ahead of a high stakes summit in buenos aires. >>> and on the record, bmw's ceo talking everything from luxury cars to the trade war. we'll bring you his comments as "worldwide exchange" fires up right now. ♪ >>> welcome back good morning thanks for being with us on cnbc i'm brian sullivan we're always glad you're with us on "worldwide exchange." let's get a check on the top headlines outside of the world of money and business, phillip mena is in new york with those >>> good morning for the first time ever mississippi has voted to send a woman to the senate. cindy hyde-smith is expected to beat democratic challenger mike espy in a runoff election. earlier this month hyde-smith sparked a firestorm after saying she would attend a public hanging. >>> this morning secretary of state mike pompeo and jim ma

the ibm cloud. the cloud for smarter business.. then i need to get if i'm into character. santa, ♪ ho ho ho this is christmas, baby ♪ [ groans ] dude, how many candy canes did you eat? [ mumbles ] that's hurtful. i am a techie dad.n. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. >> welcome back. kate rogers will deliver papa john's >> i caught myself >> what can we expect? >> we expect it to be a tough third quarter for papa john's. it will be same store sales in north america. that number expected to fall 10.7%. it is a bit more than the 10.5% drop another will be the amount of cash it spent so far and on legal fees it is as papa john's is in feud who is the company's founder papa john's allocated for a franchise. back over to you >> all right thank you. >>> let's get to frank for what to expect from match group, frank.

the ibm cloud. for smarter business. >>> bitcoin trying to rebound this morning it's up 4% on the coinbase exchange to 4524 the crypto collapse has been downright ugly look at these returns. bitcoin looks pretty good. it's down only 44% in a year ethereum is down 65% bitcoin cash has lost 82%. joining us now is lou kshg erne. good morning happy thanksgiving >> happy thanksgiving. >> you are still standing. you have not been knocked over what exactly is going on i know the markets have been weak, why is crypto so weak? >> crypto has been so weak because for most of it there is no underlying value outside of confidence so bitcoin itself we think is a -- is going to replace gold recently gold is an $8 trillion thing. >> maybe you agree with me it's a commodity not a currency >> i think it's a store value, it should surpass gold overtime. it won't happen overnight. for anybody who has been in crypto for a while, there was a day in 2013 where we were down 70% overnight. so nobody likes being down like th

the ibm cloud. the ibm blockchain, built for smarter business. [ready forngs ] christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience at home. and with xfinity mobile, you get the best wireless coverage for your phone. ...you're about to find out! you don't even know where i live... hello! see the grinch in theaters by saying "get grinch tickets" into your xfinity x1 voice remote. a guy just dropped this off. he-he-he-he. >>> welcome back here's how your money and investments are setting up their day and their week, by the way stock futures are mildly higher, up about 28 points on the dow industrial average oil prices, they are moving higher there are reports that opec and russia together, so called ropec could eye production cuts. getting headlines out of iran. iranian president saying u.s. sanctions have failed to reduce iran's oil exports to zero the price of crude oi

the ibm cloud. the cloud for smarter business. the ibm cloud. a moment of joy.nspiration. an act of kindness. an old friend. a new beginning. some welcome relief... or a cause for celebration. ♪ what's inside? ♪ [laughter] possibilities. what we deliver by delivering. welcome to emirates mr. jones. just sit back, relax and let us entertain you... ...with over 3,500 channels of entertainment, including the latest movies and box sets from around the world. ( ♪ ) we even have live sports and news channels. ( ♪ ) and your free wi-fi will start shortly. enjoy your flight mr. jones. world's best inflight entertainment. fly emirates. fly better. including two women who are head to head in arizona we are live in phoenix with more, jane >> it is a battle for jeff flake and in 33 of the national races this year this is one of them where both of the major candidates are women the republican candidate is martha mcsally she sang the national anthem and her opponent did the coin toss a rare sign of bipartisan ship it is one of the most important races. you can see the corp. r

. >>> ibm is trying to reinvent itself, and wants to help american workers do the same.blame for >>> this is a kpix 5 morning update. >> good morning it's 8:25. the devastating campfire is now to blame for the deaths of 42 people. president trump has approved a major disaster declaration that will make more federal resources available. taking a live look now from our exclusive sales force camera. you can see that thick smoke from the fire is still blanketing the area. no official cause of this campfire. state regulators are investigating pg &e for the problem. news updates throughout the day on your favorite platforms including our website it is kpix.com. denny's super slam is just $6.99. ♪ $6.99 are you out of your mind? ♪ eggs, hashbrowns, bacon, sausage and buttermilk or pumpkin pancakes. ♪ pumpkin pancakes are you out of your mind? ♪ still very much out of our minds. denny's $6.99 super slam. upgrade to new pumpkin pancakes. >>> welcome back i'm giana franco in the traffic center. one lane is blocked right at the mid span area of the bridge. westbound slow anyway as

it's ibm ibm. i'm looking at it right now.that's the second worst month on record >> ben, i love philadelphia. i love the city of brotherly love don't extend that love to ibm, okay there are so many warts here whether it's the margins, lack of organic revenue growth. whether it's the financial engineering or the fact that they're overpaying for red app do i have to continue? i know i don't i. not fully out of it i started selling it and i will continue. i'm not pumping it all out at once i told you that on monday. >> jim, i could have saved you so much money. >> we all tried. >> how many times did we try to do an intervention >> let's talk about intel. >> let's talk about cisco. >> ibm -- >> why intel >> the reason why. >> you got a ceo announcement in the next month can't wait until 2019. they got to come out with this before the holiday season. he comes in with a new strategy while the old strategy is working perfectly well look at that comparative earnings, intel versus amd amd isn't eating intel's lunch, ists the other way

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this is the ibm blockchain, built for smarter business. built to run on the ibm cloud.is th♪ ibm blockchain, built for smarter business. cal: we saved our money and now, we get to spend it - our way. valerie: but we worry if we have enough to last. ♪ cal: ellen, our certified financial planner™ professional, helps us manage our cash flow and plan for the unexpected. valerie: her experience and training gave us the courage to go for it. it's our "confident forever plan"... cal: ...and it's all possible with a cfp® professional. find your certified financial planner™ professional at letsmakeaplan.org. >>> market alert futures in rally mode following a move higher in asia. >>> apple shares tumbling after the company reported results we're digging in on the quarter ahead. >>> and it's jobs friday the big number you need to watch as we count down to today's payroll report it's friday, november 2, 2018. you're watching "worldwide exchange" on cnbc. sunset ♪ ♪ >>> good morning a very warm welcome to "worldwide exchange" this friday morning live in london i'm wilfred frost sitt

the ibm cloud. the cloud for smarter business. the♪ibm cloud. saved our money and now, we get to spend it - our way. valerie: but we worry if we have enough to last. ♪ cal: ellen, our certified financial planner™ professional, helps us manage our cash flow and plan for the unexpected. valerie: her experience and training gave us the courage to go for it. it's our "confident forever plan"... cal: ...and it's all possible with a cfp® professional. find your certified financial planner™ professional at letsmakeaplan.org. >>> shares of box up today box ceo, welcome back. nice to see you. >> thank you it is hard to follow bob's 25th. >> happy 25th birthday >> i'm doing better than that. my gray hair is equal to his >> how does it change the landscape? >> it is a leader in technology which is the future of computing in any real i.t. environment ibm has one of the world's best companies in the space and multi-cloud space. i think it puts them in an incredible position be able to run their data centers and run their operations whether it is in the cloud

the ibm cloud. the cloud for smarter business. the ibm cloud.strengthenedting place, the by xfi pods,gateway. which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. >>> we have a news alert on gm >> good afternoon to you hours after the president threatened to pull gm subsidies the company is issues a statement to u.s. manufacturing. we want to share that with you if company said gm is committed to man taning a strong in the united states operations since 2009 it supports our about it to invest and position the company for long-term success and maintainand grow american you b jobs it is such as autonomous vehicle. we appreciate the action this administration has taken to improve the overall competitiveness of u.s. manufacturing. there you have it. on the commit to u.s. manufacturing. this has ban huge story of the day. >> thanks very much. it was gm. we have another news alert eric has that for us

the ibm cloud. cloud that proactively ot business from threats, instead of just reacting to them. that lets you modernize and move more of your apps without re-writing. that unlocks insights from all your data and puts it to work with ai. get a faster, more secure journey to the cloud. the ibm cloud. the cloud for smarter business. ♪ ♪ (burke) seen it, covered it. we know a thing or two because we've seen a thing or two. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ this is not a screensaver.game. this is the destruction of a cancer cell by the body's own immune system, thanks to medicine that didn't exist until now. and today can save your life. ♪ ♪ >> brennan: for people suffe suffering from mental illness. following that shooting in california this week. that clip is available on our website at facethenation.com. ♪ ♪ ♪ ♪ ♪ comfort. what we deliver by delivering. but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call wh

tom: i think we have along with to go before comparing it to sony and ibm. is looking for growth in the higher end handsets. in services, it reached $10 billion. that is a small amount compared to the revenue high, but it is growing and they expected to become a significant contributor to the bottom line down the road. they have upgraded their macs, upgraded their ipads. those have been well-received. those are some areas where you are going to see some growth potential, but i think we are in for at least another quarter of not quite robust growth as we have seen in the past. wish we: tom giles, i had longer. shery ahn, thank you. that is all for "what'd you miss?" romaine: "bloomberg technology" is up next. joe: have a great evening. this is bloomberg. ♪ >> i am selina wang in for emily chang. this is "bloomberg technology." in the next hour, apple misses the company. -- apple misses. at iphonesrice year failed to spark excitement? plus, google walk out. protests against sexual misconduct. we will disc

this is the ibm blockchain, built for smarter business. built to run on the ibm cloud.chain, built for smarter business. what if numbers tell onat t. rowe pricey? our experts go beyond the numbers to examine investment opportunities firsthand. like e-commerce spurring cardboard demand. the pursuit of allergy-free peanuts. and mobile payment reaching new markets. this is strategic investing. because your investments deserve the full story. t.rowe price. invest with confidence. >>> dow futures up about 80 points now, coming off a 602-point drop yesterday it's been a tough run for some stocks this is an ugly chart. this is five sessions of trading. caterpillar down 3.3%. that's bad apple, down nearly 5%. that's not good. look at that, goldman sachs, gx gk goldman sachs is down just under 10%. the prime minister of malaysia telling cnbc that gold maman cheated his country over the state fund that is at the center of corruption and money laundering investigations. billions went missing from the fund the prosecutors filing criminal charges against two former goldman sachs ban

ibm trying to do the same with red hat. so many people trying to tell that story can all of them maintain that? i wonder if you can maintain that i remember michael dell said that dell had a plan to let customers rent pardon wear on premise and connect to the cloud. now amazon is doingthe same. can you and others remain so neutral long term? >> well, i think it is a good question, jon. and with the vmware position, we have such a high market share and penetration into on premise data centers, we now have over 4,000 public cloud partners, the unique relationship that we have with ibm and this week with amazon, we announced with alibaba early this quarter, we think vmware is uniquely positioned then you add cloud health for multi cloud management, clear leader in that area, gives us the pull position where they see it as the next big thing with that technology in place, we think vmware is in the front and in position to be sustainably so in the future. >> one of the big new stories is the database security breach at marriott

plus, big blue's, big deal, ibm looks to the cloud. plus, a hotly debated about issue here in texas go, funding for homeless services has had tech and the city divided. we speak with one of the most outspoken advocate. this week, we had a slew of earnings out of big tech. these numbers provided the first real insight into the extent of the company's new iphones the real focus was on apple's fiscal first-quarter forecast covering the first holiday season when the 10 next is suspected to be a popular gift. we caught up with an analyst right after the numbers were announced. >> a great third-quarter. but we are a little disappointed on the guidance here. it looks to be indicating market slowdowns, and frankly, considering the product mix they had, the flat forecast with zero growth in the iphone. >> a big change of focus is less on the number of iphones sold, the average selling price which has continued to increase, but how much further can we juice the price from consumers? >> so far, there do not seem to be limits if we look at their o

the ibm cloud. pai'm open to that.medicare? lower premiums? extra benefits? it's open enrollment.health plans. why? because plans change, so can your health needs. so, be open-minded. look at everything - like prescription drug plans... oh, and medicare advantage plans from private insurers. use the tools at medicare.gov or call 1-800-medicare. open to something better? start today. open enrollment ends december 7th. number examination 3 1/2% growth for the gdp, this would be the second reading -- 3.5% is a number, right in line with estimates we will see if a market reaction we got 3 1/2% growth number, for the second reading for the third quarter this was what we were expecting, so it is a good number, certainly 3 1/2% showing growth going to dig deeper into number show what it says about consumer spending, and as we bring in right now former chief economic adviser under george w. bush to talk bhoerp this ed thanks so much for being here. >> nice to be with you. >> 3 1/2% growth gdp, follows the second quarter was 4.2%, about economic growth, in the second quarter, noup the thir

this is the ibm blockchain, built for smarter business. built to run on the ibm cloud.is the ibm blockchain, built for smarter business. unstopand it's strengthenedting place, the by xfi pods,gateway. which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. >>> two big technology headlines to have on your radar. apple is giving a demand update on their newest iphone saying the iphone xr has been the best selling model since it hit the market last month. this is the first official word from apple about how its iphone is doing apple stock has taken a beating over the past month on fears of slowing iphone demand. shares are down slightly in the premarket. >>> the "wall street journal" is reporting that facebook may have weighed the idea of charging companies for access to user data the "journal" citing internal e-mails from facebook executives from 2012 and 2014 those e-mails also reportedly show facebook discussed pushing som

if we stay 3% growth -- neil: ibm never bottom this bad, my friend and ibm never got this forlorn. doesn't mean there isn't other similarities. ge seem to be in a much maligned camp. >> if you talk to lou gerstner, they were pretty close to bankruptcy for a while and it was pretty dire for ibm in the early '90s. neil: i always remember some of the other american staples that could never fall even in the face of new technologies, eastman kodak comes to mind. we're reminded there is no right that a company has to grandeur. i'm wondering what is playing out here is beyond a fix? or you know, other factors come in and save it? >> you know what the biggest worry is, neil? this is all happening in a low interest rate environment and a soaring economy. one ask as question, if we get out after soaring economy, have a real slowdown, then what happens? we talk about this word, i hate using it, but contagion. there is a lot of counterparty risk in these things. a ton of paper owned by banks and lenders, all that. so you never know what the outcome will be. by the way we're not talking about a

. ♪ ♪ the ibm cloud. the cloud for smarter business. the ibm cloud. the full value of your new car?better off throwing your money right into the harbor. i'm gonna regret that. with liberty mutual new car replacement, we'll replace the full value of your car. ♪ liberty. liberty. liberty. liberty. ♪ my twhe didn't have anyas an autisfriends as a result it broke my heart. ♪brother let me be your shelter♪ that was the inspiration behind my non-profit "score a friend" go! educating people to include the people with differences is so important because when jacob's included he feels like he can succeed in life and he feels like he actually has a purpose. cheryl: welcome back, let's get you caught up on what's happening now. take a look at futures, last trading day of the month of november, the dow and the s&p probably on track for some gains, the nasdaq not so much, we will see how today fairs, also taking a look at the story this morning, migrants seeking asylum in u.s. have launched hunger strike, the protest coming as thousands camp out ready to plea cases. one of president trump's judi

the ibm cloud.sights from all your data and puts it to work with ai. get a faster, more secure journey to the cloud. the ibm cloud. the cloud for smarter business. ♪ ♪ and all through the house 'twas the night before christmas not a creature was stirring, but everywhere else... there are stores open late for shopping and fun as people seek gifts or even give some. not necessarily wrapped with paper and bows, but gifts of kind deeds, hard work and cold toes. there's magic in the air, on this day, at this time. the world's very much alive at 11:59. lauren: major selloff on wall street yesterday, apple playing historic roll tumbling 5%. josh mahony. what's the reaction in europe, can the market, the global marks stay up if apple is down? >> yeah, morning, overnight we did hear forecast warnings from a couple of suppliers to am. the big question mark here is whether we have seen peak in terms of iphone sales, apple said that they are not going to be announcing numbers for for iphone sales potentially be

the ibm cloud.monday morning let's get you caught up on what's happening right now. future hugs flatline this morning you have nasdaq futures down a quarter of a point s&p futures down three, dow down 35. newly had ,000 migrants are now traveling through the of death a region of mexico where hundreds of people have disappeared. this as u.s. troops are putting up hundreds of wire at the mexico board and former president obama calling security board a stungt. and passengers have finally made it to london after a stranded for three days at two different airports. travelingers first boarded plane in orlando where they were quickly forced off because of a mechanical issue then next day plane dump fuel and make emergency landing in new york and passengers sleep on the floor of the airport some of them were families. and this former navy s.e.a.l. calmly responding to actor pete davidson after s&l star marked eye patch on live television. >> a live candidate from texas and not a hitman in a porno movie. [la

this is the ibm blockchain, built for smarter business. built to run on the ibm cloud.s is the ibm blockchain, built for smarter business. a moment of joy. a source of inspiration. an act of kindness. an old friend. a new beginning. some welcome relief... or a cause for celebration. ♪ what's inside? ♪ [laughter] possibilities. what we deliver by delivering. >>> november to remember goldman sachs reportedly shrinking the people it will name as partner. we'll tell you how many and why. >>> t-mobile ceo is putting up his $18 million penthouse in new york on the market we'll take you inside it on this monday, november 5th, 2018 you're watching "worldwide exchange." ♪ welcome to my house ♪ baby, take control >> welcome back. thank you for being with us on this monday morning. i am brian sullivan. good to see you. let's kick off your executive recap. frank holland be is back. >> cnbc.com right now, the u.s. is reimposing oil and sanctions against iran they lifted them under a 2015 deal negotiated by the obama administration iran's president said he plans to defy the u.s. sanc

but we're also partnered with ibm watson at espn.telligence where they aggregate data and present you sort of the highlihts of that information. so from everything from media insights where they're scanning millions of articles and looking for the nuggets to pull out for you to ratings or to your chances of how players are going to perform. risk-reward if you will. you can combine that with what your analyst says, pull it all together, and help make better choices and it doesn't have to feel so emotional. >> it is still hard not to be emotional. thank you so much. really appreciate it. >> thank you, mindi. >> and i do not have george kittle on my fantasy team. i think you got him in our draft. >> no, i did not. we'd love to have george kittle. i picked up jack doyle of the colts. >> someplace got him. >> jack doyle produced five points. check the standings i think i'm still doing pretty well. first place, ama. >> good to know. will you buy me coffee or something if you win? >> i'll buy you some free coffee. consumer news, a popular m

this is the ibm blockchain, built for smarter business. built to run on the ibm cloud.nto my eyes ♪you will see ♪what you mean to me ♪don't tell me it's not worth trying for♪ ♪you know it's true ♪everything i do ♪i do it for you we have to be thinking about how much further to raise rates. and the way we will be were approaching that is to be looking really carefully. how they are reacting to the policy. on the market volatility. and that worries about the global economic slowdown. driven in part by news from the uk. right now does u.s. stock futures at the dow up to 21. we are still watching oil prices . it did snap a 12 day losing streak yesterday. eighty-eight cents per barrel. stocks open higher with all eyes on the uk prime minister. and in asia all they are jumping more than 1%. a new study shows worker morale plunging at facebook. mark zuckerberg's illness had have a good time. we continue right now. it's 5:30 in the morning. good morning. we still had have a good time. apple heading for the longest losing streak in more than six months as the broader market face

. ♪ ♪ the ibm cloud. the cloud for smarter business., our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. >> retail is in the bargain bin. macy and target look really attractive. while i would run from retail overall. there is there's some really good names off-price. the particulars are changing after sinking last week are stocks going to be on that holiday shopping list today. they are certainly discounted. gaining 1% nasdaq we are watching oil prices moving higher this morning. a% plunge on friday. we are at 51.05. >> stocks opening in the green after the uk in the european union agreed to the divorce deal. they're up 1.2 percent. in stocks in asia and you won't believe who said that. >> we are coming up on 5:30 in the morning. it's monday, november 26. cheryl: it is cyber monday. lauren: everyone is shopping today. they are hoping for a trade war. are we expecting any sort of breakthrough from this conversation. this is point to go on

the ibm cloud. the cloud for smarter business.ah ♪(rock music) ♪you can't do this, you can't deny♪ ♪they feed us lines, but i won't act♪ ♪and all good things will come to pass♪ ♪but the truth is all you have to have♪ ♪and would you lie for it? ♪cry for it? ♪die for it? ♪would you? ♪i believe ♪believe we're still worth the fight♪ ♪you'll see there's hope for this world tonight♪ ♪i believe, i believe after yesterday's 600 plus rally a little pressure this morning with futures. taking a look down. s&p down seven and a half. new details are emerging about the alleged lies that all men afford toward -- the alleged lies that paul manafort said. those statements and the plea agreement with the former trump campaign aide. he has never discussed a pardon for manafort but it's not off the table. they pushed for the legislation in an effort to prevent president trump from firing him. in response they followed through to serve on the federal bench for the eastern district of north carolina. they advanced the nominations. stormy daniels is las