of sprint they still await regulatory approval into the first half of next year. >>> our guest is sam zellestate you said when it comes to that area, the valuations of prices don't make you want to add to the portfolio at this point. where do you see deals where have you seen things and thought this is where i want to invest >> i think that we have generally been reticent investors in real estate in the last three or four years equity residential which is our manufacturing company, we just bought two buildings in denver that fit within the overall strategy of what we're doing but that's been the exception. >> i remember years ago you were maki making millennials not staying in the -- does this buy into the same thesis? >> right now equity residential as early as 15 years ago i think was in 35 markets. we're now down to seven. the customer that we're serving is basically give or take 28-40. >> i think we lost your microphone hold on one second we'll get it right here. we can fix it. so go ahead. the idea just that you're serving a customer who is aged 28 up to -- >> 40. that's our primary c

or, we can have andrew >> sam zell, great to see you. talk to you soon folks rierk folks, right now it is time for "squawk on the street. ♪ goo wednesd good wednesday morning, i am carl quintanilla and david faber and jim cramer happy halloween. facebook and gm is going to hel out today. adp, the biggest jump in eight months despite those back-to-back hurricanes and 227 jobs 10-yr hits a one week high in the yield. the nasdaq and russell down 10% for the month. sharp gains of the open. job hiring trouting expectations >> gm, what would be its best day since may. facebook unveils a new growth strategy some strong global sales boosting kfc and taco bell and ceo of yums brand will join us at this hour >> heading into the final trading sessions, the dow with a 6% drop today. s&p is down 8% nasdaq and russell and so-called correction territory with a more 10% decline. a lot of technician wants to see if the s&p can close above 200 days >> that would be important there is a lot of technical damage done. a lot of people are freaking out of yest

. >>> tomorrow on "squawk box," tricks or treats from equity group investments chairman sam zell.pook real estate investments what will haunt investors in the fourth quarter calling all witches, goblins, and ghosts make sure you watch "squawk box. sam zell will be our guest host. making my dreams a reality takes more than just investment advice. from insurance to savings to retirement, it takes someone with experience and knowledge who can help me build a complete plan. brian, my certified financial planner™ professional, is committed to working in my best interest. i call it my "comfortable future plan," and it's all possible with a cfp® professional. find your certified financial planner™ professional at letsmakeaplan.org. from capital one.nd i switched to the spark cash card i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. which i used to offer health insurance to my employees. what's in your wallet? >>> coming up, the ceo of paychex on the nation's labor force. and then mike jackson joining us to discuss the auto sector, the fed,

from 7:00 to 9:00, we'll have sam zell we'll see where he sees the housing market and real estate thesewe'll get his take on that and much more. and also this morning a ceo call barbara humpton will be joining us to talk about what she sees happening in industrials and scott gottlieb, the commissioner of the fda will be on set with us this morning, he will talk about drug pricing and the plans that they're laying out to try to attack the constant gains it's an interesting plan, we'll dig into the business of that with him we have don draper joining us to talk etfs and we have general motors cfo who will be joining us to talk about what's happening at general motors right now. we'll get into the potential for peak housing, peak auto and much more back to you. >> great stuff busy show as always. looking forward to that at 6:00 a.m. >>> up next on "worldwide exchange," your top global hot spots. the markets around the world you need to have on your radar a quick check on futures losing a bit of steam. still over 100 points higher for the dow. around 1% higher for the nasdaq. cal: we saved