let's send it down to sarah eisen with d.c. with him right now. sarah. >> thank you very much, kayla, and president kim, always good to have you on cnbc. >> thanks for having me. >> you have just given a speech hfd the big meetings in lima on inequality. just one of the issues that world leaders have to tackle next week against a back drop of slowing global growth. how do you see the world economy right now? >> well, you know, there's a lot of head winds. there's no question that growth is going to be slower for emerging markets. you know, a big part of it was -- is the fact that commodity prices continue to be down, and a lot of that has to do with the slowing of the growth rate in china. also, there's a lot of anticipation about eventually the fed fund rate will be raised and interest rates will go up overall, and it will be harder for emerging markets to get access to capital. all these things are giving us a sense that growth will be slower globally, and especially in emerging markets. >> you like the imf have urged caution and patience when it

sarah eisen.y is long -- >> i'm long pepsi. >> i've been long pepsi for about five wreerz now. if you take a look at this disclosure, you'll see this name is always on there for me. the reason it has been is i disagree with a lot of the activist that is have tried to attack pepsi over the wreerz and talk about how they have to split the company. i think they have done an wrout standing swrob in terms of management. they've continually outpaced coca-cola. i also think coke is finally starting to wake up. they've made some investments that i think will pay off into the future, and right now peps where i is already basically not only doing that, but they have the snack foods. they have everything. >>. >> so, yeah, she's responded to activism pretty well, i think, actually. you know, knee got the products. knee got the name. they've got the global scale. now she's actually being able to execute consistently, which is a very important part of the story. the fact that she's raising guidance was very big

i'm sarah eisen. expedia up nearly 10%, earnings beating expectations.ts takeover of orbts will save more than originally thought. expedia by the way up 60% this year. key corps is buying first niagara financial for $4.1 billion. that creates the 13th biggest u.s. bank. and first solar is shining today. up nearly 10%. beating the streets on earnings and revenue. and new york mets stock. pour performance the previous five years but quite a good record this year. there are four other stocks in the s&p like that. and you can read about them on power lunch.cnbc.com. >> shares of sun edison down today. after kelly evans asked hedge fund giant david temperatupper the rumor he was in the stock. >> there was some rumor you were going to come on talk about it. would you pick a sun edison? >> you know people probably smoke a lot of marijuana out in your viewing audience and people on twitter. because i don't understand where stuff comes from. i've never talked about stocks on this program. we haven't had any big positions in my book for a year. i just was -- i mea

sarah e sar sara eisen is in washington. we kick off the third quarter with a decent market. we are keeping our eye on the ten-year where the yield is now below 203. that is the lowest in a month. our road map begins with twitter. tara swisher reporting that jack dorsey expected to be named permanent ceo. >> glencore, stops are dropping. >> we are waiting on sales numbers from ford and gm. with he will bring them to you as they break. >> first up, futures on the rise as we enter the first trading day of the fourth quarter ahead of tomorrow's key jobs number. jobless claims up more than expected, up 10,000. that four-week moving average did fall slightly as they look to move on from what was the worst quarter of stocks in four years. >> the biggest loser was the dow. at nearly 7.6% drop. we know, guys, the s&p didn't fair much better. down, 6.9. nasdaq, down 7.4. everyone talking about october. it has been pointed out today, the past five octobers, only one has been down. the ones that have gone up have been to the tune of 4%, 11%, 3.7% back in 2010. >> the classic thing is to

sarah eisen has more on that. >> i have some news on the very highly anticipated mag. the self-tying lace shoes. nike hasn't said anything about whether they are actually releasing them, but i can confirm, according to a source with nike, that they are in new york city. >> meaning a proto type of some time. >> maybe we'll see it later. it's a little bit of a ties. we'll see you tomorrow. obviously creating a frenzy on the internet. these shoes, i mean, look sneaker heads and sneaker fans have been anticipating these shoes for at least a decade. they released a proto type back in 2011, but they were not self-tying. the big innovation here would be they are self-tying if nike does indeed release this. we know they had the patent for this. i assume they've been working on this for a very long time. it has blown up and gone crazy. there are a lot of crazy sneaker fans on social media. >> now that you call them crazy -- >> crazy in a good way. crazy awesome. >> crazy awesome. it's limited releases. highly anticipated, but very mysterious. sort of releez of new shoes. they'v

joining us on the set is our sarah eisen and maurice.ew chief economist of the imf live from lima. >> the imf downgrading global growth to 3.1%. we want to welcome dr. osfeld. the new chief economist of the imf. good to see you. thanks for joining us. >> thank you, sarah. >> i want to start with this. lower projection for the global economy. i think it's a concern, but the bigger concern may be that there aren't that many policy tools to address it. let's start with central bank policy. how much more room is there for global easing to fight this new slowness? >> well, as we say in many countries, policy space is limited. looking at the youeuro zone and japan, there's room to maintain policy accommodation. in some countries in the euro zone there's sufficient space for fiscal expansion, so the fund is recommending those actions. if you look at emerging markets, some of them with strong policy frameworks, which built up fiscal buffers have room for a fiscal expansion. for example, peru where we're holding these meetings has increased fisca

our own sarah eisen joins us now with a special guest. >> i'm happy to welcome ceo much mondelez irene rosenfeld to the set of cnbc. thanks for making time on a busy morning. >> i'm happy to be here. >> talk about what drove better results, especially on profitability. it seems to be the story yet again is aggressive cost cuts. >> another solid quarter for us, as you said, on both the top and bottom line, and a key driver of that was the aggressive focus we've had on cost savings. both in overhead as well as in supply chain, and that together has allowed us to then drop some of this to the bottom line and expand income margins and to invest in marketing support which then has backstopped our franchise and helps us to start making improvements in our market shares. overall we're executing well and it was a strong quarter. >> clearly investors are pleased. the stock is up 30%. one of the best consumer staples out there this year. you have set a target for yourself. the 15% to 16% operating margin for 2016. how do you plan to get there? what is the next round of expense reduction look lik

speaking to sarah eisen she said the hike would have spill over effects for emerging markets. >> as far as the fed is concerned we're very pleased to see the decision will be data dependent. we think that's very very good. we don't see much movement on the inflation front. nor on the wages front. we're also interested to see that the international scene is perceived as likely to have domestic effects and may have been factored into the thinking. so we're not asking. we're just saying data dependent, perfect. >> but you did previously say perhaps it would be prudent to wait until next year. >> we said that the best thing is to move and not to have to move back. so when the data and the inflammation are well and good when there is certainty, then fine. but no rush. >> it's not there yet, you're saying. >> we are not seeing it and i don't think the fed is seeing it either. >> janet yellen is still talking about an interest rate increase this year. would that be a mistake? >> i wouldn't say that. i'd say that, again, let's make sure that it is data dependent. if the data are not telling tha

say sar sarah eisen joining me in just a moment.would bring together the nation's second and third largest drug chains. a massive recall from general motors. more than a million cars affected m have been recalled before. check out the nasdaq 100. a percentage point

i'm carl quintanilla, sarah eisen and david faber at the new york stock exchange.ket coming up a little bit. the s&p, back to 2085. watching oil back above 46. getting some housing data. >> let's get straight to diana olick in washington. >> breaking news on pending home sales. >> pending home sales down 2.3% from a downwardly revised august reading. that's amiss. the street was looking for a slight gain. pending home sales still up 3% year over year in september. these are based on signed contracts. it is a forward-looking indicator of sales over the next two months. this is the second straight month of declines. we are now seeing the second lowest level of pending home sales for the year. the realtors blaming a dearth of available listings in lower-end properties for first time home buyers. they are also blaming rockyness in financial markets. this comes after a steep drop in pending sales of newly built homes in september as well. we seem to see a slowdown across the board. sales down everywhere but worst in the northeast. down 4%. down 2.5% in the midwest. down

say sar sarah eisen joining me in just a moment. talks now of a merger that would bring together the nation's second and third largest drug chains. a massive recall from general motors. more than a million cars affected m have been recalled before. check out the nasdaq 100. a percentage point away from record highs. did you know there are only really five stops powering that index now? we'll tell you about that and more. first, let's check in with sarah. welcome, sarah. >> thank you. it's good to see you and be with you as always. we have to begin with that potential deal between walgreens and rite aid. the pharmacy chain stocks all moving right now. this is just talks. advanced deal talks according to the "wall street journal." >> supposedly they're in talks right now. it had a noticeable infect on rite aid. i want to point out here, put up rite aid intraday here. $6.24. rite aid at $6.24 just about 40 minutes or so ago. and we immediately got halted. and you can see the jump up after the halt came off to $8.51. what's important is

sarah eisen is in. there's a lot more going on aside from the fed.e have pea got more on oil's big move, aig, go pro and of course your money, your vote with the big gop debate tonight right here on cnbc. but we begin with the federal reserve. and while the fed may seem like some big, complicated thing, it's actually quite simple because there are really only four possible outcomes today. we're going to list them, then we're going to ask our guests which they see happening. here they are. option one, the federal reserve hikes rates for the first time in nine years. pretty clear-cut. option two, no rate hike but the fed takes a hawkish tone but that leads people to believe a rate hike will come in december. option three, no rate hike. the statement takes a mixed or neutral tone. that would keep the fed confusion and debate going that basically keeps us going where we are now. finally, option 4. no rate hike but a dovish tone that pushes back expectations not to december but to into 2016. bob doll and david kelly with jpmorgan funds are with us now. sa

carly fiorina joins the conversation and, later, our post debate economic roundtable with cnbc's sarah eisenusiness have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? bis committed to truth on the label. when we say real meat is the first ingredient, it is always number one. we leave out poultry by-product meal, corn, wheat and soy. and, we own where our dry food is made - 100%. can other brands say all that? for grain-free nutrition you can trust, does your food go beyond? learn more at beyondpetfood.com >>> let me give you one quick example, these folks at cnbc, they had it down to 3, 3 1/2 hours. $250,000 for a 30-second ad. i went out and said, it's ridiculous. i could stand up here all night. nobody wants to watch 3 1/2 or three hours. it was a big sacrifice and i have to hand it to ben, we called ben, he was with me 100%. we called in, said, that's it, we're not doing it. everybody said it couldn't be done. everybody said it would be 3 hours, 3 1/

sarah e sar sara eisen is in washington. we kick off the third quarter with a decent market.ere the yield is now below 203. that is the lowest in a month. our road map begins with twitter. tara swisher reportingha

sara eisen spoke to nike's ceo mark parker earlier about both companies, and she joins us now. what a day, huh, sarahday, and those stocks tell it all. nike and wal-mart going in completely opposite directions for the day, and for the year with nike up more than 30% as the dow's best performer. both consumer global giants. it's something i talked about with mark parker. i said if you look at this chart, you might get a very confused sense of the global economy and the global consumer. right now, he said, no matter what's happening out there in macro economic environments, nike is firing on all cylinders and connecting with its consumer. and he pointed to china as an example of a place that's seeing an economic slowdown. when so many other companies are struggling there. nike is hitting double digit growth. have a listen. >> it's been noteworthy, i think, nike's performance in china, how we've done quite well amidst i think a lot of concern. not within nike, but within the overall market. >> you're not seeing any of the slowdown in the chinese consumer? >> we're not seeing it. in fact, our brand is ac