it's not really clear whether mario draghi wants to elaborate on that.l be likely a lot of questions regarding italy. we will probably see more topics coming up for the ecb again and their crisis policy. another topic will be the euro strength. that is a big headache to policymakers, as well as to the ecb because, of course, it strangles the green shoes which we're seeing in terms of growth. and, as well, what's happening in the united states is not good or it's not a positive for the euro in terms of that is even going stronger. and the recovery that you're seeing here in the eurozone, if we can call it a recovery, it is very much expert oriented and, of course, a strong euro is very bad. so we might see some intervention through the back door here from the ecb to get that currency lower. even though it's not their prime mandate. with that, back over to you. >> thanks for that, annette. >> full coverage of the ecb policy decision and mario draghi's press conference from 1300 cet. >>> later, our colleagues will be speaking with the former ecb tt, jean-cl

>> yeah, a fascinating conversation with mario draghi.system in europe has been running sore on economic growth and finally we have what looks like a comprehensive plan to try and resolve some of the banking problems. we've got a whole agenda here on how they are going to scrutinize the balance sheets of 128 of europe's largest banks and ultimately next year there will be a stress test. let's listen to some of the conversation i had with mario draghi where i asked him about the risks involved in this process and whether ultimately there was a chance that the risking might push europe back into recession. >> the recovery is still in its infancy. it's gradually progressing, but it's still weak, uneven and fragile. the banking industry in europe, especially in the euro area, is the main channel of financial intermediation. that's different from what happens in the united states. almost 75%, 80% of total credit goes via the banking system in europe, while in the united states only about 30. so banks are crucial in this part of the world, and

we'll look forward to your interview with mario draghi, as well.ming up later, as geoff said. we are also asking you, the viewer, do you trust the ecb to get the stress tests right? please go online to vote. that's today's traders poll at cnbc.com. >>> now, the timetable for fed taper sg getting pushed out further. in a note late tuesday, goldman sax is just the latest to suggest the central bank will likely delay reducing its bond buying program until march. the know adding below the consensus of 180,000. the report showed low growth in the private sector and the weakening trend over the last few months. and we've seen market reaction to that, which we'll detail more, as well, coming up. >>> jpmorgan is itemizing the bills. the bank has struck a $13 billion deal this week. the bank to uncle sam. it may end up paying much less. details, straight ahead. ♪ ♪ [ male announcer ] more room in economy plus. more comfort, more of what you need. ♪ that's... built around you friendly. ♪ that's... built around you friendly. sometimes they just drop in. alway

the country is still on track for its slowest growth in 23 years. >>> now, mario draghi says that thecb's bank assessment plan is quote/unquote just the beginning of a process to restore confidence in europe's bank. the ecb president told cnbc that the aim of the health check was to get the sector functioning well again. draghi also stressed that lenders, that leaders have committed to providing national backstops if banks failed the health check. but he said that the aim of the exercise was to get private money back into the banking industry. >> transparency, the strength of the design of this exercise, the coverage of this exercise should, by itself, make the leaders. we assured that taxpayers money, if needed, and we all hope it's not going to be needed, is going to be properly used. >> now, julia is in brussels with more. julia, good to see you, first of all. we were talking yesterday about the assessment plan laid out by ecb and the type of impact it could have in the banking sector over the longer term. what else is taking place out of brussels? wa do viewers need to know for to

because so far, there are no minutes or deliberations as mario draghi likes to call them published.ut there is a discussion under way. and mr. asmussen is one of the big propones of publishing those members, but there are other governing council members who don't like the idea to have their name and their position out there in the markets above all because they face perhaps scrutiny. but it's not clear yet when we see these members. >>> still to come, mainland china will see its third resort to be built in asia in 2013. we catch up with the chairman exclusively after the break. >>> a recap of the headlines today, janet yellen will be nominated as the first woman of the tr. >>> the european central bank jorg asmussen says the u.s. will get its out in order. >>> mineland china is getting its first disneyland resort. the chairman of the walt disney parks and resort will compliment rather than compete with the other asian resorts. >> we have substantial experience in operating resorts around the world. and we've seen that the strength and success of one disney park location always ends

mario draghi said at a news conference that there are signs of gradual improvement and economic activitieses. he said the region's gdp moved into positive territory in the april to june quarter, but the future outlook remains uncertain. >> unemployment in the euro area remains high and the necessary balance in the public and private sectors will continue to weigh on economic activity. >> tension in italy is causing tension following the resignation of five cabinet ministers loyal to former prime minister berlusconi. the policymakers want to wait and see how a govern the should thedown in the u.s. will affect the markets. the federal reserve's possible tapering of the bond buying program is seen as another factor that may have an impact. >> officials at the asia development bank have downgraded their growth outlook for the asia pacific region. they say the u.s.' federal reserve is destabilizing financial markets. >> the officials say asia's 45 developing economies will grow 6% this year overall. the pace is slower than the past prediction of 6.6% announced in april. it's also less than last y

world relying on america's economic and political leadership the european central bank president mario draghi said there is a risk to recovery for both the u.s. and the world echoing the concerns of the british prime minister and headlines around the globe went along similar lines for example the french daily figure said the shutdown is a blow to the credibility of the united states and germany spiegel online called america a superpower paralyzing itself one of china's major news portals pointed out that bickering u.s. lawmakers holding their own country the hostage and the australian things washington's not inspiring confidence in the world's largest economy max fraud wolfie's an economist says that washington is so cool top and its internal squabbles he doesn't see the damage being done. the truth here is what the federal government the united states congress and the white house have exhibited rather aggressively over the last several weeks including through the shutdown is that there's literally nothing the u.s. government can't and won't do for unclear reasons sending whatever shock waves

cheryl: european central bank president mario draghi is promising to put euro banks through a more promising stress test to boost confidence in the banking sector. david: glaxosmithkline says drug sales in china plunged 61% in the third quarter. huge drop. the pharmaceutical giant was hit by bribery scandal in china which damaged its ability to market drugs. we have a lot of news just about to report. at&t about to come out. "after the bell" starts right now. david: let's get right into today's market action. we have earnings coming out. joe keating, centerstate bank executive vice president. he says slow economic growth may lead to lengthy business expansion in the u.s. todd horowitz down in the pits of the cme. we'll start with jo ling. jo ling kept has word from at&t. go ahead, jo. >> we have a beat for at&t coming in at 66 cents for a beat of 65 cents we were expecting. revenue coming up $32.2 billion, which is a beat of 32.19 billion. taking a closer look at million new wire countless and wireline broadband connections were established in the last quarter. we'll to through a little bit

mario draghi speaking at a news conference after the bank left its key interest rates unchanged. accommodated for as long as needed and key interest rates should remain at present or lower levels for an extended period of time. the euro has been moving higher as draghi is speaking. let's get down to the new york stock exchange. jim, how was the party last night? i heard andrew went. >> yeah, it was great to see andrew. it was a very nice party. management did a terrific job. my executive producer was fantastic, mark hoffman, our fearless leader gave a really nice talk. i was just thrilled. it was a really nice, touching night. >> congratulations again. 2,000 episodes, that is no small feat. we've been watching the futures this morning. for a while we were 75 points below fair value. saw that down by just 40 points below and now it's back down again. what's happening this morning? >> i was listening to your show ande and erskine bowles talk, i was chilled. i'm wondering if both sides don't think this is nearly as dangerous as bowles said. i don't think the president gets the sense

i was at the mario draghi lunch today. one thing that really cemented this feeling the stimulus is going to be there for a long time is he said rates in europe are going to stay at present levels or go lower. there's no end in sight to the stimulus there. have we seen the best in europe for the near term? would you want to be buying europe? >> i think you ought to buy everything. >> oh. buy everything. >> we're buying europe, too. >> you want to buy everything. sometimes we get to be too specific. sometimes it's better to say, things are doing well. the uncertainty is lifted off the table. >> if you want to do valuation and just look at the developed markets, europe is the most attractive market. >> emerging markets, yes or no. >> no. short term, yes. longer term, no. >> no on emerging markets. what's the story. >> i like them. >> ben, you like e mernging markets, too. >> no. underweight emerging markets we are. be careful about europe, too. equal weight. think of currency hedging there, too, in the same way you made extra

i just got from the mario draghi lunch at the economic lunch. he made it clear.es are going to stay at present or much lower lechls for an extended period of time. stimulus isn't going anywhere in europe. if you had to compare, this is buying private companies in the u.s. versus in europe, where are the valuations better? >> well, i think both places the value yauations are great. it's very dangerous to sustain a long period of low interest rates. it breeds speculation. it breeds overleverage. that's what happens. when the nut cracks and rates start to go up, the bond market gets hit pretty hard. when you're going to see it. i'm not an expert in this. >> but you are finding opportunities. >> yes. absolutely. >> you're buying companies in the energy space. education. water. food. tell us where the opportunity in the world today is. >> we study what global opportunities, we look out five to ten years. and the imf and the world bank come wup with a lot of great studies which we actually research. five common themes really are energy, education, food, ag, water, heal

number two, mario draghi has indicated easy money will continue and noum four.h 5% to 6% increase in earnings. the market should be up but in the fourth quarter things can blow up very easily. from twitter, we got a lot of data on that s-1. where the heck are they going to list? no comment. i called nyse, no comment. we still don't know if it's going to be here or at the nasdaq. guys, back to you. >> yes, the guessing game will continue. bob pisani on the floor. thank you. >> bertha coombs, we're expecting potbelly to start trait traiding in a little bit. >> reporter: we are expecting trading. the big caps are looking for a bit -- looking at a bit of a loss, down about.4%. apple gets a price target increase target at just over 500. chips have had a fairly strong week, among them the leader sandisk. and you guys did check on tesla. shares are actually leading the nasdaq 100 this morning on the bounceback following that video that had a lot of people concerned about a possible fire. and as bob mentioned, the big question for a lot of us from that s-1 of twitter, g

head to our website to see what mario draghi is outlining. follow us on twitter @cnbcworld. >>> brittain, meanwhile, has signed a deal with edf today to build the first nuclear plant in europe since the 201 1 fukushim disaster in japan. the project in somerset, in the southwest, will be built by a consortium. arriva will have a 10% stake. initial cost estimates sit at around 40 billion pounds. under the deal they will guarantee a strike pies of 89 pounds and 50 pence per megawatt hour. is nuclear the best answer for a country's energy security? has the british government gone down the wrong path? alex has tweeted the edf deal is shockingly bad. edf will get a 9% return. it all depends, of course, on whether they can build the reactor on time and on schedule. therein lie cost overruns. if you want to join the conversation, e-mail us or tweet us. >>> we'll take a short break. still to come, can mcdonald's serve up improved numbers when it reports before the open today in the states? in around 20 minutes we'll preview the fast food giant's third

they still have immediate access to mario draghi's bond buying program if they need it.timately will be one of the questions that gets decided in november and perhaps as late as the december meeting, too. remember, we don't have the likes of germany, of spain, of portugal. the finance minister is coming to this meeting. it's likely to be discussion more than anything else. the message from ireland has already been that they've postponed any further debt raising. they're fully funded this year and next year. that's the key distinction to make between the likes of ireland and portugal. certainly i think ireland is the one to go with. it will be interesting to see if they do let them get away with fully exiting this bailout program. as prime minister kenny put it, weakening their economic serenity. that's the crucial issue here. ross, back to you. >>> jules, thanks so much for that. will ireland deviate from its tough stance on austerity in tomorrow's budget. log on to cnbc.com for the full story. we'll take a short break. still to come, a tale of two automakers. peugeot ho

mario draghi says the world expects the u.s.ed fiscal battle could cause, quote, severe damage. speaking at the economic club of new york he added there is agreement that provides less stability. duncan neiderauer says he fully expects to take over a deal with euro next by the intercontinental exchange to close on november 4th. the a$.2 billion merger would create the world's third largest exchange. st. louis the reserve bank president james brewer says the government's fiscal problems have, quote, change the odds on to bring. he says it looks lessslikely the fed will taper in october, citing the government shutdown, the debt db and lack of economic data. that is the latest from the fox business network giving you the power to prosper. ashley: the housiig market could be a casualty of the shutdown war with the irs and fha with a skeleton staff, potential home buyers can't close any deals because it is going to take a while for all the paperwork to get through and is that going to close down the housing recovery along the way? jo

the other thing i thought was very interesting, mario draghi today was asked in a press conference, whate goldmarkket? he thinks that the goldmarkket is very good store of wealth. we'll see if he is right. back to you. >> we will indeed. wow, great synopsys. phil flynn, price futures group. have a great weekend. tracy: phil is good weatherman. my daughter told me we might have snow on halloween this year, again, again! adam: what? tracy: our abominable snowman stage director. adam: from syracuse. lives for snow. tracy: battle over job creation and at center is a copper mine in arizona. native americans fighting congress over sacred land. fox's will carr with the details of that little land swap. hey, wil. >> hi, guys. this is arizona's copper corridor. it has a big impact not only on the state but also the country. but when you go into the town of superior and talk that people they're not interested really what is happening on the national level because they're really desperate for jobs right here. >> in superior arizona, homes are boarded up, businesses sit empty. the unemployment rate

. >>> and still ahead on the show, why ecb president mario draghi's whatever it takes attitude has one strategist turning bullish on eurozone equities and why he is calling this a goldie locks environment. that's coming up after the break. i love having a free checked bag with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country and spend money the way we would in the u.s. when i spend money on this card, i can see brazil in my future. [ anthony ] i use the explorer card to earn miles in order to go visit my family, which means a lot to me. ♪ >>> welcome back pop show. spain and friends can begin to slow their austerity drive according to a top imf official. the positive comments didn't flow through to greece, though, with the organization warning the indebted country will miss its 2014 bailout target. in a report, the imf said recent

few important details on that but sources telling the wall street journal, october 28th, pricing mario draghi on the fifteenth. and the loss of $54.5 million. and good news revenue is up 16 the points. and the same growth rate of the previous quarter. end user growth by 6%, and down 7% and 10% from the first quarter. and accounted for total ad revenue. and down 75%. twitter reveals how much cheryl casone. disney has 17.9%, and capital of 6.8%. and union square bank is 0.9 and global head 5%. and what you are looking for, to handle investor relations. and the newly created at twitter. adam: we will be watching that. lori: charlie gasparino the first report twitter will head to the stock exchange. welcome back and interesting tidbit you didn't realize about this. >> let's be clear about what we reported, we didn't quite say -- lori: the credit where credit is due. you saw with the tea leaves were pointing. >> and i should point out my partner in crime in this reporting was the good does a lot of stuff for fox business and foxbusiness.com and was the first to report twitter was leaning towards t

the other italian making big news today was mario draghi, european central bank leaving interest ratesrope is much steadier than it used to be but still the situation -- can didn't talk ab crisis the way soros did, but he said the u.s. government shutdown is ont a threat if it's protracted. >> thanks, michelle. european central bank leaves interest rates up changed.>> th. european central bank leaves interest rates up changed. let's get to rick santelli in dh chicago with a special guest. >> let's start there. first of all, i'd like to welcome a very special guest. a former ecb president for eight years. he's now two years out of office. of course i'm talking about jean claude trichet. welcome, sir. >> thank you very much for your but one thing that caught me eye especially when i read through the statement several times and that was he would like to see general reforms that may help employment sped up a bit. your thoughts on that and some of the issues of one of the larger economies, france. and some of the potential laws they are making that would be going the other way on reform for

the three richest men in the world, mario draghi, karuda in japan and ben bernanke are not going to let bernanke one of the wealthiest men in the world? >> what i meant is he's got his hand on the dollar basically. >> you're bullish and should take us into next year, right? >> i think that's right. >> kyle harrington and ben gayed sharing their views this morning. >>> apple as gross profit margin was down from a year ago. we're joined by our guests now. good morning to you both. >> good morning. larry is the shareholder here. first of all, where did you guys get in on apple and how long do you stay exposed to the stock? >> oh, i think we're going to be in there for a long time. probably around $300. it was about six or seven years ago when i -- the first apple stores in the gm building and i thought there was really something special going on here in terms of the way the company dealt with the consumer. >> do you feel that way still, lar larry? what is the story now as we head into 2014 and beyond? >> i feel the stock moves into a better neighborhood. if you look at apple as a consumer