thank you very much, seema mody.o, dan, how -- >> that rhetoric is really interesting in a lot of ways. i've been kind of saying this over the last couple weeks, that i don't think hillary clinton is elizabeth warren. and i think there is a lot of really bad news brycpriced into b biotech sector. the real fear is the democrats would win the presidency, win the senate and then they win the house. and then, you know, the headwinds about pricing, drug pricing, become a very big deal. i don't think that's all going to happen. so i think that there's a good chance that into year-end or maybe into the new year, biotech stocks start to rally. the two charts i want to pull up quickly, the ibb, nasdaq, biotech, etf, traded in a well-defined range, 34% from the 2015 highs, down 20% on the year. only up 12% from those lows. that's a problem. but i want to look at the xbi, the s&p biotech etf and look at that one. it looks very different. i think carter will probably agree with me. it's actually made a very nice move off the bot

. >>> indian prime minister nanarendra modi has taken a swi at pakistan for supporting extremist groups. modi was at a celebration for the hindu festival of dushera when he made the swing. >> translator: those who can help and shelter to terrorism won't be tolerated anymore. >> h he also said terrorism is e enenemy of humanity and calleler unityy among indians to stop it. modi's remarks were triggered by last month's attack on an indian army base in kashmir. 19 soldiers were killed. it's believed the gunmen were members of a pakistani militant group. following the attack, the indian army conducted what it called surgical strikik on milititantsn the pakistani controlled part of kashmir. it has heightened tensions between the two countries. >>> now people in thailand are praying for the recovery of their country's king. the royal household of thailand said his condition was unstable. the news has many worried about the country's stability. nhk world has the details. >> reporter: the 88-year-old monarch has been in and out of hospital for the past several years with major health difficulti

we have pal pal's numbers and seema mody will bring us earnings from advanced ç microdevices.s on we have cnbc pro columnist michael santoli and tim seymour joins us. we had earnings. we had data and we had post debate analysis. what today ostood out to you? >> it wasn't that big a market mover. on the currency side we got a move. within the range in the most part. within the range is the story for all of these asset markets. i feel like the corporate bond market is strong enough to support stocks where they are. earnings are good enough. you had basically the typical beat ratio but yet not necessarily a broad theme. it all makes sense. i think the big thing that i take away is people are getting frustrated. we see sentiment measure start to roll over and people saying they are exasperating. that probably set[ xou up. i don't know if you have to have the sharp drop first. >> gut check as you pointed out earlier today. what are you waiting for in earnings? >> in microsoft you have a mega cap name that is performing and transformed the business on the fly like so many others in

seema mody now with more on the company's quarter. >> after a weak first half of the year, wall streetas hoping for a rebound in revenue growth from the industrial giant. but weakness in general electric's oil and gas business continues to hurt sales, prompting the company to lower its full year revenue forecast. analysts had been targeting second-half growth of about 50% in ge's power business. its largest division. in the third quarter, power revenue grew only about 7%. goldman sachs calling it a weak operational quarter. but despite the challenging environment, ceo jeff i am mult remains positive. >> executing well in a tough environment. we continue to aggressively manage costs while positioning for long-term growth. the business fully leverages the g store. it will come out of the cycle stronger. >> ge lifted its cash flow outlook and announced a boost to its share buyback by an additional $4 billion. for "nightly business report," i'm seema mody. >>> fellow dow component, mcdonald's, was one of the bright spots in today's session. its quarterly earnings were better than expected.

currently the best forming ipo so far this year. >> thank you very much, seema mody. so this company goes public in june. which was four months ago, approximately. and now it's going back to the market for more money. what do you think? >> i would too if i were they. no dummies over there i guess. very reminiscent of go pro, came public, stock went up to 90, i believe. and they did -- in secondary and insider shares selling. i get it. i think it will be absorbed, though. >> it's like my kids. you give them money at first, right, they're happy and then they spend it all so you've got to shut them down. my point is, until the market shuts them down, to karen's point, they'll going. why not? >> are you a market in your house? >> no. >> i'm not anything in my house. >> let's switch gears to football. are you tuning into the big game this weekend? probably not. four weeks into the season and ratings for the nfl continue to slide. down 11% from last year. so will advertisers pay the price? julia boorstin is in l.a. with the details. julia. >> melissa, the nfl's ratings decl

it is a company that creates all the characters of breast-feeding a modi has been added to the list of possible new additions. been one of the most requested mo casesn share heather also considering a modi's propriety, almonds and coconut as well as a mermaid a person meditating is a rock climber. the holidays, the current time to spend with families. you having trouble hearing, they can put a damper on specialub time. were going to be joined by our friends with belltown with what you canh do to make sure you ae part of the m conversation and e festivities this holiday time for today's job of thea day connections health wellness at dixie herring a part-time licensed practical mars. for information, click our jobs welcome back. it is official, the world series is sold out. not the worst pies we knew that wouldno happen. it just sold out in a couple of minutes. jessica is at the ticket cou ofe at progressive field where people are actually camped out all night long even though we were told the ticketsho only be found online. was until he came on here and saw online. was a mistake unclear

in fact, at the beginning of the summit we saw the prime minister modi talk about how pakistan sponsored global terrorism. in fact, without naming pakistan, he said there's a neighboring country which is the mothership of all terrorist activities. with his interaction with the media after this meeting was over, mr. modi mentioned that many countries have adopted principle, any country that supports terrorists actively of any kind, it is as big a threat as terrorists. however, we did not see him succeeding in putting the blame on pakistan in a joint statement. we saw the mention of condemning terrorist activities in how the world needs to cooperate to stop these activities. >> our response to terrorism must therefore be nothing less than comprehensive. and we need to act boldly individually and collectively. selecting approaches to terrorists, individuals and organizations will not only be -- but also counter productivity. >> in addition, we did not see more on what the definition is for how to combat global terrorism. india seeks $500 billion in intra-brics trade by 2020. also, we did no

>> seema mody here at post nine. >>> back to samsung. a lot of people are wondering what is next for the company as it officially and permanently scraps the galaxy note 7. courtney reagan is outside the samsung store in new york city. >> there was a small line of people here before the store opened, 15 or so. some were in line to look into some exchange or return of the galaxy note 7 device, but not everyone. all of the folks were happy with the phone. they were disappointed. the folks we talked to hadn't personally experienced those issues but they were doing the responsible or recommended thing, exchanging or returning those phones for another device. not everyone was in that same vote. one gentleman was asking for a refund. samsung wasn't able to help him. he spent $800 on the full price of the phone. samsung said they didn't have the ability to give him that full amount right now. he was going to have to contact them via 1-800 number and send it back in for his full refund. when it comes to the carriers, all of them are offering exch

someday, although sudie modi is will be useful does all the food pictures will be useful. >>> and airbnb is offering a spooky speak over -- sleepover. the winner will get to sleep in two velvet lined coffins at dracula's castle in romania. yes. the first time since 1948 that anyone has slept there. you can sleep in a coffin for to enter the contest, contestants must write a short passage on what they would say if they came face to face with the real count dracula. >>> justin has a final look at the cbs2 forecast next. first, take a look at the the nominations for the rock and roll hall of fame's class of 20-17 are in.this year's pearl jam, tupac, >>> the nominations for the rock 'n roll hall of fame's class of 2017 art and this year's list includes, among others, pearl jam, the electric light orchestra, jane's addiction, janet jackson, journey, shaka con, steppenwolf. fans will have a chance to vote from now until december 6. the top vote getters will -- will be announced and inducted next april. >> definitely journey. >> i cannot believe they are not there already. >> or steppenwolf. >>

back to you guys. >> thank you very much, seema modi. >>> a major new digital media company joining theroup nine media was conformed by brands including thrillist, now this, dodo, picking up a minority stake for $100 million, discussing the future of digital media is ben lerer, former ceo of thrillist. we want to mention nbcu has an investment in group nine. this is a big deal. what are you seeing at this moment that sort of pushed you into this is this. >> yeah, well, i think we see consolidation coming. this happened in the cable business in the '70s and '80s as the cable networks emerged and ended up banding together to build the vai ya comes and time warners of the world and digital media, the pipes have changed, so while linear tv pipes are no longer the dominant pipes for content distribution and discovery, it's the pipes owned by google, facebook, and snapchat, so these assets are a collection of brands that are really built on these new pipes and i think putting them together creates something forceful. >> this is a lerer family affair, with a few of the brands being run by memb

. >> mody's remarks were triggered by last month's attacks in kashmir. 19 soldiers were killed.s believed the gunmen were members of a pakistani military group. following the attack, the indian army conducted what it called surgical strikes on suspected militants in the pakistani controlled part of kashmir. the incidents have heightened tensions between the two countries. >>> soldiers and civilians in north korea are rebuilding northeastern areas ravaged by floods in late august and early september. united nations officials say more than 130 people died and about 70,000 lost their homes. nearly 400 are missing. an nhk crew captured images of the recovery work on tuesday. this video was taken from the chinese side of the border. residents and troops began working early in the morning. they carried out materials by hand and made bricks by the riverside in near freezing temperatures. >>> north korea's state run media has been reporting on the recovery efforts. [ speaking foreign language ]. >> state media has showed women holding microphones, singing to cheer on the workers. but no

let's get to seema mody back at hq. >> sara, hello.in europe snapping a six-day winning streak. this talk of the european central bank tapering, whether true or not, has brought forth an active discussion as to whether europe's recovery can continue without this massive bond-buying program. just take a look at bond yields in europe across germany, italy and spain. you're looking at yields spiking there. and even if we look at the bond-related sectors or bondlike stocks, such as utilities, you'll see there red across the screen. we're looking at them ending lower in today's trade. deutsche bank continues to be a talk of discussion, but for the embattled lender, no news is good news, rebounding 2.8%. and with the uk pound bouncing off the three-decade lows, british prime minister theresa may sounding off today about loose monetary policy in an address to the uk conservative party. listen in. >> because while monetary policy with super low interest rates and quantitative easing provided the necessary emergency medicine after the financial

seema mody is also at hq. hey, seema. >> hey, carl. european stocks ending the day lower.t-performing sector, which i'll get to in just a second. but our report from reuters also being circulated among traders. it says that the ecb is almost certain to keep buying bonds beyond march of 2017, which is when the qe program is expected to end, but the amount of bonds purchased will depend on the incoming data from now to the december meeting. what's interesting is that over the past one week, inflation data, it shows it's actually improving. the manufacturing data we got two days ago from europe also showing signs of growth, and that's really at the core of this debate facing policymakers. if the european economic backdrop continues to improve, will that limit the number and size of bonds purchased in 2017? stocks again ending lower. and eurozone government bond yields pulling back, led by italy. a similar story in germany with the 10-year bund, which previously went below -- or i should say dipped back into negative territory earlier this week, coming back as well. some of th

had wantedter modi to strengthen ties, but u.s.ussian ties are frosty given what washington sees as its concerns around russian actions in syria. rishaad: thank you a lot for that. skies, how ang the dutch -- may offer a solution to china's pollution problem. rishaad: why our next guest is not chasing yield. this is bloomberg. ♪ rishaad: 14 minutes into the session in singapore. a slight moved to the downside. this is what is going on overall , nikkei 225 helped along by that weaker yen. haidi: a slow start to the trading week, the latest business flash headlines. >> china construction bank has agreed to a $743 million swap. it is part of a larger framework deal to cut the debt ratio. it is the second debt relief program revealed in the past week. chinese policymakers release guidelines reducing corporate debt. will set theyushu price for its ipo, expected to be $23, and would be the top of the range. the company will list in tokyo on the 25th. the company seeking to raise $4 billion and reduce reliance on japan by investing in res

modi of people saying that is definitely getting what he wanted.igher.up a third of 1% when you take a look at the rest of merging -- emerging asia, we are seeing equities drop. how about in the middle east? anotherhere, it is just two hours away from the emirates market, dubai, and abu dhabi. this was the state of affairs yesterday. you're looking at dubai, slightly lower there. abu dhabi up 3/10 of 1%. bear in mind we are keeping a close eye on what has been the worst performing market in the region, saudi arabia. there,seeing a rebound 8/10 of 1%, driven by telco stocks after the announcement of what will happen with the unified license. their readiness games at 10%. egypt continuing gains as well on expectation of that devaluation. we will follow that story threat this. let's taken on the headlines throughout the world. there will be a sale of the egyptian business as it continues to narrow its focus on the u.k. and u.s.. it will probably be for -- finished by the end of this year. they may be worth more than $500 million. barclays sold half of

. >> i look forward with prime minister modi. >> we love the hindus. we love india. i'm donald trump and i approve this message. >> jimmy: you do? it's hard to imagine any part of that being approved, but mike pence saw that and his plane skidded off the runway today. let's watch the part where he okay, it's one sentence. five words, and one of the words is trump. but still, he couldn't get through it without an edit right in there. look at this. [ speaking foreign language ] >> jimmy: the guy who shot the video said trump said it 15 times. you would assume he got it correct after 15 times. i don't know. i don't speak it, so we went on the street to find people who do. we played the tape for them, and will those people who speak it rs to say in let's find out. >> we're going to play this clip of trump saying and tells what you think he's saying. >> okay. [ speaking foreign language ] >> what? can i have it again? [ speaking foreign language ] >> i have no idea what he's saying. >> how long have you been speaking hin di? >> since i was born. [ speaking foreign languag

let's send it over to seema mody for more earnings. >> health care i.t.sing expectations. second quarter results included noncash pretax good will impairment. charge of $290 million. second quarter results impacted by a softer pricing environment in u.s. pharmaceutical business within distribution solutions coming from the press release. earnings at $2.94 adjusted below expectation. revenue at $49.96 billion. the company, the board of directors authorizing a new share for repurchase buyback. shares are on the move here after hours. they were down as much as 8%. seems to be coming off the lows right now. >> wonder if the buyback took sting out of that. >>> today marked the first day of trading for the year's biggest ipo at the new york stock exchange. zto express closed down 15%. bob pisani has more on the action. >> we were so excited. $19.50. a dollar above the range. everyone said this is going to be great and then opens at 18.40 and closes at $16.57 at the lows of the day. everybody was staring at it. number one, this is a very tricky ipo to price. glo

. >> you have the stronger dollar, which tends to push modi itcomm prices lower.he euro a bit firmer, 109.23. the dollar is also weaker against the yen. the strong dollar giving something back. the dollar yesterday reaching the highest level since february. the pound 1.2206. the pound has been all over the place. this is the new eamericans mmeis currency. >> when we're down, we recover, but still 1.220, as you say, a bit worrying. >>> as for gold, let's show you on the flip side, gold getting a bit of strength, though not much. >>> to today's top story, apple, the word's most valuable company reported its first decline in annual revenue an profits since 2001. revenue fell for the third straight quarter as iphone sales dropped from a year ago. earnings came in at 1.67 a share. one cent better than estimates. revenue fell 9% to more than 46 billion. that was in line with expectations. still, the tech giant issued a rosy outlook on hopes for strong sales of the iphone 7. tim cook addressed the numbers on the call. >> our results for the september quarter were very st

. >>> let's get over to seema mody at hq. seema? >> thank you, carl.n dax touched a fresh 2016 high. the broader market has come off its lows in europe but still down 6% year to date. in terms of the winners today, miners, as copper prices rebound. we'll see an infrastructure boost in europe in the fourth quarter. china growth concerns seem to be dissipating. angloamerican up 4%. shares have been a big standout this year, up 270% this year, making it the top performing stock in britain's ftse 100 index in 2016. we're keeping an eye on the pound as the bank of england governor is currently addressing the house of lords committee and addressing the consequences of the brexit vote. banks in focus. at the heart of europe's banking index, italy controls one-third of the total nonperforming loans for the entire eurozone. italy's weakest bank not to mention the world's oldest bank. mark o'mechlt ara unveiling a restructuring plan, cutting 10% of its staff, selling off bad debt. but there are still questions as to how the bank is going to raise capital in the

i'm wilfred frost alongside seema mody sitting in for sara today. great to have you with us.t's throwback thursday. throwing it back with some classics like the who on right now. you didn't know who this was. >> i didn't. now i know, i was reminded. this is not really our generation. >> no, but it's british rock but i know a bit about it. let's look at markets this morning. good gains yesterday, about a half percent or 0.6% of gains. the banks were the best performer for the second day in a row. goldman sachs topping the list up 2.5%. we are now lower. the dow lower by 5 points. the s&p 500 by two. the nasdaq by two points. we have been hovering around that flat level over the last hour. markets expected to open pretty much flat. let's look at european trade. we had a good run this week. both because of reprieve earlier in the week around deutsche bank and a soft euro in the middle part of the week. we are softer today. pretty much flat yesterday. softer today. the dax down. the ftse 100 on a tear this week. exporters doing well there. seeing some profit taking today. asian t

the relationship between united states and india, prime minister modi and president obama have allowed our countries to enjoy significant benefits. not just when it doss our shared security concerns but also when it comes to intertwined economies as well. >> i wanted to ask first, talk timing, obviously president, you guys have been talking for sometime trying to get going. i'm wondering why now and if you're confident you've done everything to prepare. >> significant groundwork has been laid. you point out this is an operation months in the works in terms of laying the groundwork to prepare for the operation. our expectation, it will take some time. in part such a large city but also in part because isil spent the last two years digging in to defend that city. we would anticipate that they will not hesitate to put innocent civilians in harm's way in an effort to protect that city. they will use a range of what we anticipate will be deeply unethical and dangerous tactics to try to hold onto that city. so we anticipate facing some significant resistance. what we also know is this is an

." >> seema mody as the final european close of the week. >> the focus is the historic drop in the uksome are calling a flash crash. traders blaming computers for the pound's move below 120, which set off another wave of selling this morning, stabilizing around 124, still a 30-year low. the impact of a weaker pound evident in the uk stock indices from the ftse 100, which houses exporter, moving higher, benefiting from weaker currency. the 250, domestically focused names, is underperforming the ftse 100. and strength in the energy sector. shell and bp higher by 8% for week as oil prices recover on hopes of that opec production cut. if you thought the brexit drama was over, think again. a member of britain's ukip party got into an altercation with a colleague in the european parliament three months after that historic referendum vote, emotions still running high. >> that was something. see ma, thank you. >>> we are also watching hurricane matthew as it continues to pound florida tracking north where it is expected to trigger heavy rainfall and massive flooding in georgia. our own scott

i'm seema modi. european stocks finishing the month lower.hough euro zone inflation data for october continuing to show signs of life. in fact, the rise in inflation to its highest level in more than two years has brought forth a heated debate around central bank's effectiveness and whether the european central bank will taper its bond buying program. that's the focus for the european bond market. jp morgan, though, still bullish on bonds. the global search for yield will remain in place for a long time to come, provided continued supports for credit. in terms of stocks on the move in europe. h hexagon falling on news that roland is under investigation in norway for insider trading. that stock down more than 5%. advertising giant wpp reporting that shares are higher reporting strong earnings, but it did say it's a business in the u.k. that slowed after perhaps the first signs of brexit anxiety. speaking of the brexit, the pound is now the worst performing global currency this month on uncertainty facing britain following the vote. sterling fa

. >> thank you very much, seema mody. >>> next, we'll hear from microsoft ceo satya nadella. >>> plusg stocks this year, there could be more pain ahead. we'll explain why. you're watching "fast money" on cnbc, first in business worldwi worldwide. rldwide. if you're going to make a statement... make sure it's an intelligent one.e. ♪ the highly advanced audi a4, with available virtual cockpit. >>> welcome back to "fast money," i'm josh lipton. microsoft's stock surging in the afterhours. ceo satya nadella taking a victory lap on a conference call, pointing out the success that his company is having in the cloud. take a listen to what he's telling financial analysts. >> customers continue to choose the microsoft cloud to help transform their businesses and organizations. our commercial cloud annualized revenue run right now exceeds $13 billion. we remain on track to achieve our goal of $20 billion in fiscal year '18. once enterprise customers choose one of our cloud services, they continue to adopt more services. >> it's not just the growth and momentum in the cloud business. it's also t

seema mody. >> hi, carl.s falling for a second straight day, as you point out coming back a bit at the end of trade after snapping a six-session winning streak on the economic front. factory orders in august jumping 1% from the july levels helped mostly by stronger domestic demand. also in focus is the ecb meeting minutes for september playing a very important role in squashing those rumors that the central bank is looking to taper its bond-buying program. the governing council confirming their commitment to the monthly asset purchase of 80 billion euros in light of those ecb minutes, looking at european bond yields initially spiking on chatter they were tapering their program, but as you can see, coming off those levels in today's trade. as we continue to keep an eye on deutsche bank, the ceo of ubs is calling the german lender's troubles an idiosyncratic situation. here's what he said to "squawk on the street" about the european banking sector. >> in general, it's stronger than before. i would argue the sam

>>> welcome to "squawk alley" for a monday morning, john ford along with seema modi, also joining us today, roger, great to have you as we kick off october and the fourth quarter. we begin with tesla this morning posting its best sales quarters ever, reporting double the same quarter last year. the new numbers suggest the fatal crash in florida regarding the autopilot feature did not have much of an impact on sales. tesla is still in the midst of a merger with solar city, but you're in tesla country out there, roger. how much of an affirmation is this about their production schedule? >> well, you know, i think, carl, that everybody out here cheers for tesla. i think that the notion silicon valley could revolutionize the automobile industry is something that i think people out here take great pride in, and i think everybody cheers for them. i think the challenge really comes next year, because next year is the year that the old guard, which is to say general motors and other major manufacturers really come into the electric car market in size, and i think they are going to come way do

seema mody is back at hq as the markets are stuck near the flat line. >> a mixed session in europe asket there are digesting everything out of china which showed a sharp slowdown in industrial profit growth. an extended sell-off in eurozone government bond yields on the prospect of more hawkish polities and tighter rates. we told you about that report that says the european central bank may limit the amount of bonds it purchases if the economic data out of europe continues to improve. some investors seem to be pricing in that tail risk. the ten-year german yield now at its highest level since may 31st of 2016. yields also rising in italy and france. bank earnings also in the spotlight. barclays leading uk lenders higher after posting a quarterly earnings helped by an uptick in bond trading. deutsche bank posting a surprise profit despite what it calls a tough environment. the lender also setting aside money for litigation costs as it tries to reach a settlement with the doj. shares higher by about half a percent. foster-wheeler, that's one of today's biggest losers, down about 20% aft

. >> i look forward to working with prime minister modi. trump sarcar. we love the hindus. trump, and i approve this message. >> you do? because it's hard to imagine any part of that being approved. but, mike pence saw that his plane skidded right off the runway today. >> michelle obama joined hillary clinton on the campaign trail today, said michelle fine i'll go but i'm not wearing the necklace. >> that's awesome. >> who won? >> my daughters have those. >> was that a real ad? >> it was real we're told. >> well then you can't win. because then that's not fair you can just play the real ad. >> so who won? >> okay. jimmy kimmel. >> he's the one who did the ad. >> who was the last one -- >> "newsroom" with carol costello begins right after this short break. >> have a nice weekend, everybody. prepare for challenges specific to your business by working with trusted advisors who help turn obstacles into opportunities. experience the power of being understood. rsm. audit, tax and consulting for the middle market. (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling.

>> seema mody back at hq.e come back, more on the markets and tech valuations in particular. a relatively flattish session here, as art cashin just told traders to await the next political bomb. it's been over eight hours. back in a minute. >>> coming up at the top of the hour on "the halftime report," king dollar. we'll debate where its recent rally is the most important thing for the markets. where you invest on a stronger dollar idea. plus, samsung hitting hard over the fallout over the galaxy note 7, but one firm says now is the time to buy the dip. we're going to find out why. and we've got your earnings game plan. a look ahead at the stocks that could beat and the stocks that could miss. that season all coming up on "the halftime report." let's send it over now to carl. >> thanks very much. now back to dominic chu for market flash." >>> we're watching the dow transportation index. it's underperforming the broader market, so you've got the names weighing on the sector, kansas city southern on the rail sid

>> seema mody back at hq, thanks. >>> when we come back, why one of silicon valley's top vcs says he'sies focused on oceans, air and space. later on, more and more social media stars are signing big contracts with mainstream media. their secret to success, coming up. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it could save you in out-of-pocket medical costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals nee

. >>> let's get to seema mody. >> melissa, brazil, that's what's in focus. central bank cutting its benchmark lending rate by 25 basis points to 14%. this is its first rate cut in four years, in an effort to kickstart growth. remember, brazil is dealing with its worst recession in 25 years. in terms of stocks on the move, we take a look at the ewz, the brazilian etf, lower by around 1% after hours. still up about 80% year-to-date. and even the brazilian bovepsa, up about 50%, as more investors bet on president item rah's reforms. >> so the central bank cutting rates in brazil definitely some of the highest in the world, that's attractive and i think you have a case where she said she's dollar terms. the currency, the brl still cheap. i think you stay in this trade. >> starbucks making a big bet on china. the could have knee giant naming a new ceo there, will have 5,000 stores in the country by 2021. take a listen to what ceo howard schultz had to say moments ago on "closing bell." >> starbucks and myself remain very bullish on the chinese economy and specifi

it is starting to happen with people i can area and modi -- people like him. also trying. he is trying to foster the traditional woman at home, because he considers it a pillar of society, which is understandable, but he also promotes the idea of women he spoke about the deadly rapes in a way that was appealing. >> another adjunct professor. i teach business and human rights. i am really glad you brought up the whole issue of women not writing offense. writing off and -- op-eds. my women in business class is 50% women. why is that? my question is this, what is it that you have seen -- are women less tolerant toward corruption, or have they not gotten into the powerful states so they can have a chance? because there are a lot of studies about that. [laughter] look at tina kurtzer. she was extremely really corrupt . i wish i can say women were not corrupt, but that is not the case necessarily. i do think there is less of it. they are more in touch of what is happening on the ground with their families, because one of the things that it has been talked about how we never thin

seema mody has more for us. >> netflix being the driving force contributing about eight points to the nasdaq 100 gains. the headline numbers were positive. subscriber growth here in the u.s. and internationally came in ahead of consensus. speaking to analysts netflix's programming pivot seems to be a key part of the earnings story. the stocks participating in the nasdaq rally. semi conducters outperforming posting best day this month ahead of earnings due after the bell the stock is higher today and also up by 9% year to date. another sector feeling the nasdaq is bio tech which has been under immense pressure because of political rhetoric around drug pricing. despite hillary clinton leading in the polls we are looking at shares of bio tech higher across the board. adam parker is advising clients to buy bio tech reasoning is valueuation looks compelling. he mentioned m&a being a big part of the bio tech story going forward. >>> going back to netflix the company announced content spending will rise to $6 billion next year which is a billion dollar increase. >> for more on the move and w

. >>> to seema mody for a market flash. >> let's look at shares of canadian online gambling company amaya received strong interest from strategic players and private equity firms, some of the bidders acording to the report, william hill, a british bookmaker and a sporting bet company. looking at shares up about 3% off its highs. it was up about 8% on this report. >> seema, thank you very much. >>> if you had to choose one investment right now, american stocks, or emerging markets, what should and what would it be? may not be as clear cut as you think. our traders weigh in next. send in bids for my broken down busted up rv. all bids will be looked at. they may want the latest products and services, but they demand the best shopping experiences. they're your customers. and by blending physical with digital, cognizant is helping 8 of the 10 largest u.s. retailers meet their demands with more responsive retail models... ones that transcend channels and locations, anticipate expectations... creating new ways to engage at every imaginable touch-point. it's a new day in retail, and together, we'

we're off the session lows but still notable moves, seema mody is here with more. >> we have been takinges in currencies and equities on these latest headlines from the fbi. also, want to point out two other charts, predicted, it is a platform used to predict the outcome of political and financial events, showing the trump contract is up almost 32% today, on the prospect of the republican candidate winning the presidential election, while clinton's contract has fallen by around 12% on the headlines that the fbi is looking further into the democratic candidate's e-mails. all this happening about 11 days before the election. >> can we look at that one again to make sure i understand this? so now you pay -- you bet in pennies for every dollar you could win. it is now seven cents more expensive to bet that donald trump will win and it is now ten cents cheaper to bet that clinton would win. used to be 82, now 72. >> seema, thank you. let's bring in art cashin. i know you're looking at the s&p 500, we're at 2127, 2128 and you say a close below 2130 could be critical. >> jeff gund lack said he

i'm seema mody., all 11 of them are trading lower with health care being the worst performing sector. names dragging down the sector include endo, mallincrod, mylan and perrigo, mylan under pressure again as the federal government says drugmaker overcharged the medicaid program by millions of dollars over five years for its epipen. health care is currently the only negative sector for the year down about 0.5%. now back to sarah eisen at the imf meeting in washington. sarah. >>> seema, thank you very much. i'm joined by a special guest here at the imf world bank meetings in washington. sergio ermotti is switzerland. he is the ceo of ubs. good to see you. >> thank you. >> at a time when we are all wondering about the health right now of the european banking sector. what are you telling people? >> well, look, the european banking sector is quite sound. we made huge progress in the last seven, eight years in addressing, you know, not only the capital position of banks but also developing of better busine