back to you. >> seema mody, thank you. interesting time to go public. i don't know if you have any thoughts about that space. >> this is not even a name we've heard a valuation on that has any excitement about it. i think this is a diller name. we had all of the roll ups when these were not fashionable and now they kick them back up because they think it is time. >> not a match made in heaven. this is not a hot ipo season and not something that has a lot of buzz. i don't think i would have any interest in this at all and i wouldn't be surprised if it doesn't do well. >> let's move on. earnings season starts next week. let's hit the score card. so far we've had 51 companies report and 10% matched and 19% below. and dom has names that we could see next week. dom. >> well if you thought we had a lot of scores to keep track of, wait until next week. you have morgan stanley, chipolte, boeing, mcdonald's and proctor and gamble on friday. and you know where there could be action is large cap technology. the three giants in particular, you are talking about alp

seema mody joins us. it's a buy signal? what do you think, jeff?> certainly, we focus on the equity flows. they have been a big record this year. and therefore, there's been quite an amount of capitulation. the big number you're quoting includes bond and equity flows and probably fdi as well. so much money has come out of it does make it interesting. we need some things to fall into place before we get a decent rally emerging markets. >> such as? >> the most important thing from our point of view was growth. we have seen a substantiation. we have seen more corporate earnings. we have had declining earnings in the last five years. we measure everything in dollars. the dollar has been strong over that period of time. this is a growth story or a lack of growth story recently. you need to have that coming back in. i think, for up vesters getting comfortab comfortable. our feeling is the fed is a side show. we need growth. >> growth is important. the you have no growth plus you have a fed rate hike looming, analysts make the point that the last time we

i'm seema mody. we're coming up on the biggest >>> welcome back to "options action." i'm seema mody. we're coming up on the biggest week this earnings season with more than 150 s&p companies reporting. some of the names on tuesday, apple and twitter. the largest biotech, am gen on wednesday and then conoco phillips on thursday and chevron on friday. and there is huge moves implied. alibaba pricing in a projected 8% move in either direction. gopro looking at 15% move and apple a 5% move and twitter is looking at a 12% move in either direction. now if each of those moves were to pan out, backing a result of more than $50 billion shift in market cap by the end of next week. simon, back to you. >> thank you very much. >>> the biggest name presumably reporting next week is apple. and mike, you are looking at one of the common options strategies as we await the big one. what is it. >> i'm taking a look at an override. sometimes if you are buying the stock and basically let's go over three quick points. whe

seema mody tells us why this month is bucking the historic downtrend for stocks. >> reporter: it wasupposed to be a scary october, but so far, this month hasn't been terrifying at all. the s&p 500 is up nearly 6%, and earnings, a mixed bag of tricks so far, haven't weighed down stocks. so, what's behind the rebound? thank the fed and china. >> that uncertainty about the fed has been pushed off until next year, like it or not. i don't, but that's the case. and the other is china and the economic data of china has stabilized. >> reporter: another crucial part of the market's rally is oil, holding above $40 a barrel, helping energy stocks out-perform, and so far, energy is the best performing sector this month. but the big question mark hanging over markets is just how they'll react through the rest of the earnings season. >> any stability in oil prices is going to be very supportive for an index that has been plagued by persistent declines in the commodity price over more than a year now. >> reporter: showing growth of little more than 4% so far, earnings have been underwhelming. even

seema mody tells us exactly what markets will be watching. >> reporter: the big question, will we seehina's annual growth forecast fall below 7% for the first time since 2009? many economists say there's a good chance that will happen, in part because china is changing the way it reports gdp. it used to report projections for annual growth four times a year. now it's breaking out gdp for the most recent quarter. the new quarterly gdp numbers are subject to higher volatility, and that's what has investors a bit worried. now the chinese government will give a measure of output by specific industries. services were outperforming manufacturing in china through the first half of the year. but banks and brokerages likely suffered in the third quarter as the chinese stock market tanked. some analysts will be looking at things like health care, tourism, and media to offset a drop in the financial sector. if they don't, china's gdp is likely to take a hit. real estate is another area of interest. china's property sales recovered some in the second quarter, but real estate development slowed dr

seema mody is back at headquarters with the look at the market moving events coming up in china. seema. >> melissa, the rebound in oil prices and weakness in the dollar and the reduced fed rake height have contributed to the emerging markets. but it is a volatile ride. index falling 17% in the third quarter. brazil, russia and india down so far. and in the fourth quarter, russia is the stand outs due to the rebound in oil prices. but is the data out of china that could change the story starting with trade data tomorrow. a look at the import-export picture will see how much activity is falling. inflation on wednesday will tell us whether china is dealing with deflation and bank lending. a good idea of how healthy the consumer is and whether they are taking out loans will come out on thursday. and this could reignite the china growth squares and that could weigh on the broughter pack. it could prompt the chinese to devalue the currency again, which couldn't help in the retail and the auto space that rely heavily on china. melissa. >> seema, thank you. and this is not the consensus v

seema mody has that story. >> that's right.s the lack of news out of china over the past one week that is seen as one of the reasons emerging markets have been rebounding, but that changes this week. starting with trade data tomorrow a look at china's import/export picture will provide evidence on how much the economy is actually falling. and if it's really bad, experts say there's a higher chance the chinese will devalue its currency again to boost trade. inflation on wednesday will tell us whether china is, in fact, dealing with a deflation problem, and bank lending a good indicator of how healthy the consumer is and whether they are taking out loans will come out by thursday. if this data disappoints, analysts say it could reignite the china growth fears. td ameritrade writing the prospects for the chinese america are almost an important driver as fed rate hike expectations. the chinese central bank announced a bank relending scheme. expectations are building of further stimulus efforts to be announced perhaps as early as th

seema mody is back at headquarters we have breaking news. >> ipo to add to the list, match filing for an ipo of up to $100 million. this is a rg savannah guthrie that has a portfolio of over 45 brands including match.com, tinder, among others. match will go public under the ticker symbol mtch, jpmorgan, merrill lynch, among others. match filing for an ipo of up to $100 million. back to you. >> seema mody, thank you. >>> interesting time to go public, i don't know if you have any thoughts about the space. >> this is not even a name that we have heard a valuation on that has any excitement about it. i think this is a barry diller name. we had all the roll ups when these were not fashionable things now they are kicking them back out because they think it's time. >> not a match made in heaven. this is not really a hot ipo season and this is not something that's got a lot of buzz, i don't think i would have any interest in this at all. i wouldn't be surprised if this doesn't do well. >> earnings season gets into full swing next week. let's hit the score card. so far 58 s&p 500 companies re

brands, seema mody what cuts? >> yum! brands a poising keith middle easter to the board of directors. it expands to 14 members. mr. middle easter will be included in the company's slate of nominees for election to the board at the 2016 annual meter of shareholders. mr. miesder is one of yum!'s largest shareholders. yum! branlds appointing keith miester to the board of directors. >>> the presidential candidates who debated each other this week seemed to speak with one voice when it came to their disdain for wall street. take a listen. >> the greed and recklessness and illegal behavior of wall street, where fraud is a business model, helped to destroy this economy. >> i represented wall street as a senator from new york and i went to wall street. in december of 2007 before the big crash that we had, and i basically said, cut it out. quit foreclosing on homes. >> the people of this country need a president on their side willing to protect the main street economy from recklessness on wall street. >> joining us now barney fran

let's send it over to seema mody. >> a couple more big movers.utdoors, the maker of uggs beating expectations. revenue topping expectations $487 million, current growth margins a bit, weak third quarter earnings guidance but strong full year guidance. up better than 12%. let's switch focus to gaming. electronics art q 2er earnings 65 cents versus the estimate of 45 cents, revenues a beat. shares maybe lower on its full year guidance which was light on the revenue front, now all eyes will be on the "star wars" game which comes out this holiday season. i have a feeling mike santoli might be getting in line for that one. >> are you a "star wars" thing. >> i'm the perfect age to be obsessed with "star wars" and i'm not. >> seema mody, live nation entertain out with its earnings those numbers beating expectation was ticket sales up 8% this year but the stock down about 1% intraday. michael rapino joins us in an exclusive interview with julia boorstin. >> thanks so much. thanks for joining us today. you beat on the top and bottom line, you're seeing st

let's get to seema mody for a market flash. >> mandy, starwood hotels popping on a report.val leisure group is in talks to buy starwood's time share business. the deal could be worth $1 billion to $1.5 billion and it could be announced as soon as next week. starwood announced plans owe spin off its time share unit. mandy? >> thank you. we have a rally on the street, folks. a 300-point gain there for the dow and the major averages are now on pace for a fourth straight week of gains for first time this year. also forget about the debate over raising rates. is the u.s. actually headed for negative rates? how that could happen. plus -- great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast bus

seema mody is in the newsroom with more. seema. >> that is right, melissa. black swan, two words no trader wants to hear. but a look at an important chart tells us this catastrophic event may be on the horizon. check out the index. what the chart shows is how much investors are willing to pay to protect their portfolio in the event of a market calamity. this is up 30% since the end of september. and we saw a 10% spike on monday which tells us more investors are betting on an outlier seechbevent. and the sku index is now higher than levels hit back in 2006 before the housing bubble popped. it is important to note that extreme readings of the skew index have not led to big market events but it is still something to consider and catching the eye of some traders. melissa. >> seema mody, thank you so much. >>> and backing out that reading on the skew index, gold surging and ten-year yields are below 2%. so we ask, is there another leg lower, is there a black swan ahead for us. gee? >> i don't know about the black swans, but the ten year yield, 2%, gold has been r

thank you very much, seema mody. tyler, over to you. >> all eyes or at least a weather eye on hurricane joaquin this afternoon. the storm strengthening to a category 3 hurricane as it moves north to threaten the east coast of the united states. weather channel's chris warren is tracking the storm for us. >> hurricane joaquin, a category 3 hurricane. the latest information from the national hurricane center as of 11:00, their 11:00 eastern update, up to 125-mile-an-hour storm. it is increasing in strength. the big question is where is it going to go? let's take a look at the possible path. what we're looking at is the cone of uncertainty, and what this is -- focus on the word uncertainty. this is where the center of the storm could go. now, it could go here, it could go here throughout the course of time. keep in mind also that impacts will be beyond this. so you can have a line here, the center could be here, the center could be here but if the storm is this big, there will be impacts outside of this. so this right n

seema mody, thank you. >> we're all very color coordinated for a good cause.or the bond market, rick santelli has been watching what's happening there. what are yields doing, ricky? >> that last spot was spot on. there's so many implications, but remember, when we're swimming in such a small round pool with the valuations of the euro, the yen, and the dollar index and the euro centricity of the dollar index, it's going to be very difficult to see how all this turns out. one thing i can tell you is that the data is at the epicenter of much of this fed questioning but today's data was a bit better than yesterday's, especially if you're looking for higher pricing pressure, and it's reflected in the market. look at a two-day of twos on the short end. twos are up about five basis points from the 55 close. they didn't quite get up. another couple base points to reach yesterday's high yield. tens were up four basis points, and same dynamic. so short and long end we see that today's data mostly neutralized. if you really want to pay attention to the big levels, you wa

let's send it over to seema mody here. >> i want to draw your attention to share of corrections corp. just before the closing bell after hillary clinton tweeted, we need to end private prisons, protecting public safety should never be outsourced or left to unaccountable corporations. the tweet also sent shares of geo group lower, another prison stock closing down by 1.2%. kelly. >> thank you, seema. up next, why this snake bought being developed at carnegie mellon could be the future of everything from manufacturing to surgery to search and rescue. great stuff. i'm back in a moment. the network that's doubled its lte coverage in the past year. our new extended range lte signal now reaches twice as far as before. and is four times better in buildings. get our lowest price on iphone 6s with trade-in. zero upfront and just 5 bucks a month with jump on demand. get it now at t-mobile. awe believe active management can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management. we heard you got a job

seema modi has all the details. >> that's right. rebound in oil prices, weakness in the dollar and reduced expectations of a sfed rate hike have all contributed to the refound in emerging markets. they missed the etf witnessing the best week since september 2011 gaining 6%. let's not forget it has been a volatile ride for the emerging markets. the index falling 17% in the third quarter. brazil, russia, india, china, all down significantly. which emerging markets are investors buying in the fourth quarter? well, pretty much all of them. the out performers so far in the bricks is brazil which has been helped by the recent jump in oil prices. keep in mind, scott, we do get important data out of china this week on the trade and inflation front that could confirm whether this emerging market rally is sustainable or just a head fake. back to you. >> seema, thanks. let's stick with the em trade. next guest doing something he hasn't done in 18 months. david harrow is a five-star portfolio manager oversees the oak marketer national fund. bea

seema mody is at headquarters with the story. >> hey, michelle. broad com reporting third quarter earnings and revenue that beat analyst expectations. no conference call this time given the bid to buy the company. the deal is expected to close in early 2016 and if it does, it would be the biggest merger ever in the tech sector. broad com one of the leaders in the semi space up 18% year-to-date. michelle. >> thank you, seema. >>> moving on. a tough day for home builders. kicking off on the top trades. entire sector hit after new home sales fall sharply in september. can you see how slow the teleprompter is going. >> after two months of gains. toll, kb, pulte and dr horton. >> we had bill pulte on the show this afternoon and he was talking about the derivative plays off the home builders and i agree. i look at home depot pushing up against the 52 week highs and lowe's closer toward the 52 week highs. i think you get much more bang for your buck. it is a -- much easier to read through that versus the homes itself. >> they don't go hand in hand becaus

seema modi stepping in with that story. what do you have? >> at&t shares are moving on a report from dow jones. reporting that at&t says the consensus estimates are inflated. they also see that at&t says many q3 estimates include directv revenue for the full month of july. at&t says q3 results will only include directv revenue since july 25th. keep in mind, it was july 24th when at&t completed the directv acquisition of $48.5 billion. so that's the news. we did see shares down as much as 1%. just the last two minutes, still down three quarters of a percent on this dow jones report. back to you. >> it's one way for analysts to get the message. thank you, seema. we'll keep a close eye on those shares moving to the downside. let's get to a news update with tyler matheson. >> thank you very much. here's what's happening in this hour. the white house slamming russia for its red carpet treatment of syrian president bashar al assad. made a rare visit to check in with vladimir putin. it said their welcoming of assad was at odds with their stated goa

seema mody has the latest. >> dow jones is reporting that the fantasy sports trade association gets a subpoena from the u.s. prosecutor. the subpoena is from the u.s. attorney's office in tampa, florida, according to dow jones quoting sources. they are under scrutiny from regulators and prosecutors, following criticism around the league and the business practices. but the main headline here according to dow jones, is a subpoena being issued to the fantasy sports trade association. back to you. >> thank you. shares of netflix trading lower today following wednesday's disappointing earnings report. but today is a landmark day because they are releasing the first feature film online and in theaters julia has the details. >> beats of no nation is in a limited release at 31 smaller theaters across the country. the film directed by the person who did true detective got a 95% audience score on rotten tomatoes putting the millm in theaters isn't expected to generate significant retch. instead it is a play by netflix to qualify for oscars. just to show the netflix range and ability to equip wi

investor aside from today's 330 point rally let's check in with seema mody. >> draghi comments being cited by traders as one of the reasons stocks in the u.s. are higher. he did what he does best, fueling the market is strong dovish commentary and opening the door to further stimulus. europe is dealing with deflation and slowing growth. economists expects the ecb to extend qeb beyond september of 2016. as the fed lingers over when to tight tighten, europe continues to ease n response we are looking at european stocks hitting multi-month highs. if you look at peripheral debt in spain and italy also on the move. more important the euro is weakening against the u.s. dollar. with china weakening europe is counting on the u.s. consumer to buy their goods. remember, a weaker currency makes european products more attractive. even then come skeptics say the market is overpricing what we'll get from draghi in december and that an order for the euro to break below 110 against the u.s. dollar, td securities say the fed needs to achblngt policy divergence would be a big win for the euro bears an

. >> let's send it to seema mody for a market flash. >> we have some tech news. vm ware trading lower on a report that the company has lost an enterprise licensing agreement with apple. this report crn.com is reporting that instead apple will use kv m an open source alternative. again, the report says apple has decided to renew a vm ware enterprise license agreement and it will not do this and step up use the kv m. we are looking at shares down a third of a percent. back to you. >>> this ought to be interesting, see if we can continue the strength of this day into the final hour of trade. we have 47 minutes left in the session with the dow up just about 300 points right now. >> it's the best way dmai a month and five-day winning streak for the s&p 500. we haven't seen that all year. >> right. >> best streak there. twitter rising after the company officially named jack dorsey its permanent ceo. we will speak to an list who upgraded the stock before that announcement came out. find out why he is so bullish on this company. >>> the tale of two drug companies, spark

seema modi, what can you tell us?.8 billion of net proceeds to be returned to shareholders through dividends and a share repurchased, that's the announcement. breaking that down, $1 billion buy back and $4.85 special dividend. that's the announcement coming out from nordstrom. up about 3 1/2%. >> seema, thank you. >>> couple of different things here going on from nordstrom. what do you like about it? >> this is the year for nordstrom. after so many years they heavily invested in their companies and in their brands and expanding beyond just their core store base, right? and this year they're starting to see the results. and not only that, but they're really focusing on what they do well. and so getting rid of a more riskier part of the business and then using it for shareholder value, that's great. that's a fabulous idea. >> return to shareholders. $4.85 special cast dividend. you know, billion net proceeds all together once you add in that share buyback of a billion dollars. >> they just reported earnings that beat ex

s seema modi now for why this week is an important one for investors across the globe. >> reporter: strong start to the markets but crucial data out of china could change the emerging markets story. starting with trade data tomorrow. a look at china's import-export picture will provide evidence on just how much economic activity is slowing. inflation on wednesday will tell us whether china is in fact dealing with a deflation problem and bank lending, a good indicator of how healthy the consumer is and whether they are taking out loans will come out by thursday. disappointing data could prompt the chinese central bank to introduce new stimulus measures, but the bigger concern is whether china will devalue its currency again to boost trade, a move that would reignite the global currency war fears. something washington is keeping a close eye on. some investors say the china fears are overblown and are recommending clients to look not only at china but indonesia and india for opportunities. >> looking at places like indonesia, india, and perhaps even china, there are some better macro stories,

. >>> we have a news alert on an ipo filing that seema mody has for us right now. >> that's right, bill. interactive data has filed for an ipo, it does not specify the deal size or sail price but morgan stanley as well as deutsch bank are going seen as some of the underwriters. interactive data will trade on the nasdaq or new york stock exchange under idc. this is for the financial services industry. you can see interactive data ticker symbol idc. we should point out valuation wise reuters had a story back in june valuing the company at around $5 billion. >> how many bankers do you need to pedal your stock when you go public. >> >> price some ridiculous valuation as many as you can get. >> the bigger the syndicate the better. >> apple is pulling add blocking apps from their apple store. they say it essentially allows the app creators to view user web traffic and sensitive financial information. >> apple has not indicated anything malicious has actually happened so far but does this throw a wrench in the company's overall security system? joining us to talk about that is joe lumas the ce

our seema mody has a special report. >> riverfront investments ceo just returned from a trip to china, he will give us his reading on the country's potential to hurt wall street and your investments. you pay your car insurance premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™, you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year. there's no limit to how much you can earn and this savings applies to every vehicle on your policy. call to learn more. switch to liberty mutual and you could save up to $509. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. i'm a senior field technician for pg&e here in san jose. pg&e is using new technology to improve our system, repla

seema mody. get back to julia boorstin with more on twitter's results and an ugly reaction. >> ugly reaction. i think the reaction is really to the guidance for the fourth quarter which is lower than expected on the top and bottom line. i want to dig into the user numbers that is the issue that has been plaguing twitter stock and twitter's management. they ended the quarter with 320 million monthly active users, they say that's up 11% year over year. they only added 4 million new monthly active users over the course of the quarter. the estimates fast followers 307 million -- i'm sorry, 307 was the total ma uchlts excluding fast followers. the sms fast followers coming in less than wall street expected. the fact that companies like twitter, instagram, snap chat continue to grow so dramatically over each quarter, the fact they odded 4 million users raises questions about how successful of changes they made have been. we will hear from jack dorsey then. >> it is a good question. for more let's wling

we have a market flash on brazil now with our seema mody. seema, what's happening? the brazilian assets on the move. an influence newspaper is reporting that the brazilian finance minister is preparing a letter of resignation and shall submit an application to the brazilian president, but the article notes that the resignation may not be accepted. still investors are not seeing this as good news, the finance minister has been seen as the man behind brazil's economic reform plan. so if he leaves, there will be further political uncertainty and that's why you are looking at the brazilian etf as well as the currency on the move. back to you. >> thank you, seema. >> rial also near a record low. political and economic head winds for brazil. given was the latest to downgrade it, s&p already has. brazil's credit rating in junk. a lot of the companies have been downgraded. this is an economy you talk about the pain in emerging markets and in commodity exporting nations, this economy is suffering from both of them. >> we had scott mine ert actually saying brazil was one area

seema modi, what's the latest?er liquidators has reached a settlement over an investigation that began in 2013 over an environmental law, the lacy act, related to suppliers cutting down more trees than they were permitted. this does not seem to be related to questions about the level of formaldehyde on their products, but they are moving higher. >> i wonder if that's meaningful or if people were confused? >> it was a settlement, right? big move. thanks, seema. the race for the white house is heating up, and so is tv ad spending by the eamon javers breaks down the numbers. >> they are starting to pour on the gas when it comes to ad spending. take a look at the top list here of which presidential candidates have spent the most. notice, you're not going to see any democrats at all in the top three. the top three are jeb bush at $7.3 million. kasich at 5.4 million. rubio at 4.7 million. then comes your first democrat on this list, hillary clinton, who has spent $4.6 million. bobby jindal, $2.3 million. interesting that

let's send it over to seema modi for an earnings update. >> shares of xilinx moving higher.$528 million versus the expectations of 530 million. so basically in line. earnings, 48 cents versus the expectation of 47 cents. so it was a beat on the bottom line. guidance slightly above estimates. you can see the stock higher. better than 3% in afterhours trades. >> there's a pop. thank you for now. appreciate it. time now for a cnbc news update. let's get to sue herera. >> hi, kelly. here's what's happening at this hour. the congressional budget office says the treasury will run out of cash in the first half of november if the federal borrowing limit isn't raised. the nonpartisan office moved up that forecast by several weeks due to a larger than expected deficit in september. gabby giffords joining women leaders from across the kun tco to help a new coalition. the announcement comes during domestic awareness month. nine former american servicemen who were held as japanese prisoners of war during the world war ii era returning to japan. they recounted their memories and how they

seema modi stepping in with that story. >> here's the alert. deutsche bank announcing its strategy 2010 financial targets. the main headline here is that the bank is eliminating its 2015 and 2016 dividends. further details of how deutsche bank intends to achieve these targets will be announced on thursday, october 29th. the main headline here, deutsche bank eliminating 2015 and 2016 dividends in response. we're looking at shares higher, just by around .6 of a percent. we'll continue to dig through this report, but for now, back to you. >> thank you very much. 20 minutes left in the trading session. the dow continues to set highs for the session. right now we're up 151 points, and in fact, the nasdaq continues to be the strongest of the three major averages with a gain of roughly 50 points right now. still ahead, monster earnings. we have gopro, amgen, paypal, buffalo wild wings, yelp. pretty much something for everybody. and we'll have them all for you coming up in a little bit. >> the countdown is winding down to the presidential debate. donal

let's go to seema mody. >> another stock on the move is vmware.hares are at session lows, down 20% after posting current quarter revenue forecast that came in well below consensus. this prompting a slew of rating and price target cuts from various brokerage firms. but keep in mind the softwaremaker's last quarter earnings and revenues were in line with expectations. remember, vmware's parent company emc is being acquired by dell. the stock is down 33% this year. mandy? >> thank you so much for that. see if you can guess this, folks. it is the best performing midcap stock this year. it is up a whopping 150%. that mystery chart is still ahead on "power lunch." you can tweet in your ideas if you've got them. >> up mex, power pitch jams out. >> it's the easiest way to learn to play guitar. >> are you trying to disrupt the instrument. >> or skip this beat. >> as a beginning guitar player, how am i going to justify that price point? >> stay tuned to find out. job a developer! its official, i work for ge!! what? wow... yeah! okay... guys, i'll be writing

let's send it out to seema mody for a market flash. >> we have a mover in the after hours trade and thats dollar general. the company says it's restructuring it's corporate support functions to eliminate 255 positions. the low cost retailer says its restructuring includes 115 vacant positions all in an effort to drive stronger growth and improve efficiency. the stock is down almost 1% in after hours trade, kelly. >> seema, thank you. some struggles there for the dollar giant. up next, we've been monitoring jpmorgan's media call and another big bank, wells fargo reports its results tomorrow morning. john shrewsberry are join to us talk about those results tomorrow. that's fast. my analysis shows your major themes are that time passes. and love fades. that sounds about right. i have never known love. maybe we should write a song together. i can sing. you can sing? do be bop. be bop do. do be do be do. do do do be do. (vo) wit runs on optimism.un on? it's what sparks ideas. moves the world forward. invest with those who see the world as unstoppable. who have the curiosity to look beyond the

let's go to seema mody now for a quick market flash. >> let's take a look at netflix.s are riding higher on that news that the company is raising the price of its most popular streaming plan. the stock was down 1.5% just before the news broke. shares are now 2% higher, and keep in mind up 125% year-to-date. mandy? >> we just mentioned it, a bombshell out of washington, as kevin maccarthy drops out of th race for house speaker. what kind of impact will uncertainty about washington and the fed have on the markets. joining us now a eric showenstein and michael cajino president and portfolio manager at permanent portfolio funds. gentlemen, thank you very much for joining us. those fed minutes will be coming out in about 20 minutes time from now. eric, what do you think we're going to learn that could potentially move the markets? >> i think one of the things is probably the most important is learning a little bit more about why things didn't move in september. there had been so much buildup as to trying to get a rate increase in september. frankly from our perspective we t

. >>> let's get to seema mody. >> state street shares are at session lows right now down over 5%. the investment firm plans to cut 200 to 600 jobs as choppy markets bite into the company's bottom line. state street also announced a multiyear restructuring that will save them $500 million a year. the stock down about 16% in 2015. >> thank you. china's latest move to cut interest rates fueling a number of sectors, especially the miners. three ways to trade china's rate cut. and as we head out, some of the other big winners the nasdaq 100, names like seagate, wynn resorts, jd.com and i willuminal up better than 4%. share your passion for trading. that's why we rebuilt scottrade elite from the ground up - including a proprietary momentum indicator that makes researching sectors and industries even easier. because at scottrade, our passion is to power yours. in panama, which is a city of roughly 2 million people, we are having 5,000 new cars being sold every month. this is a very big problem for us with respect to fast and efficient transportation. it's kind of a losing proposition to

let's get to seema mody for a market flash. >> take a look at nat gas down 8%. agre that's dragging down natural gas stocks. down between 2% and 3%. also some deal news coming out in the natural gas space. duke energy is buying piedmont nart gas for $4.9 billion in cash. that's $60 per share for piedmont shareholders, a 42% premium over friday's shares. that's lifting shires ares of piedmont. >>> new calls for congress to get a deal done. plus congress making new attempts to revive the controversial export/import bank. this all comes as republican presidential hopefuls get ready for their next debate on wednesday right here on cnbc. eamon javers is live in washington. eamon? >> hi, mandy. we're just about a week ahead of the deadline now for the debt ceiling. treasury secretary jack lew with an op-ed today in usa today making the case that congress needs to act and needs to act now. here is what the treasury secretary wrote in this morning's newspaper. he said with eight days, as of monday, until treasury runs out of borrowing authority on november 3rd, some in

let's get out to seema mody for the details. >> the surprising turn around in emerging markets has a lot of traders scratching their heads and questioning whether this rally is just a head fake, especially since the fundamental story hasn't changed. brazil dealing with high inflation, china's growth slowing, morgan stanley says despite an economic backdrop the sell off we've seen in emerging market stocks may be overdone for now. the index losing 17% in the third quarter, valuation wise some traders say emerging markets look more attractive, trading at 12 times earnings verse uls the s&p 500 which is trading at 18 times earnings. another factor helping emerging market rebound is the lack of china noise, but that changes this week, kelly and bill. investors get a read on whether china is dealing with a deflation problem when is repleases ppi and cpi numbers. bank lending comes out later this week. perhaps the most important data point will be trade data. the export/import numbers will provide evidence on just how much economic activity is falling in china. and the likelihood of the ch

seema mody has the report. >> green light capital's david eye horn has taken a new long position in michael kors. it has been suffering from week demand and same-store sales. the stock down over 40% this year. but it looks like david einhorn sees opportunity, we are seeing rally of 2% after hours on the report. >> and karen, i go straight to you on this one. >> yes. normally a david eye horn, taking a position, it would be great. i love david. i think he is excellent. this year hasn't been a good one for sure. but the kors story is a ridiculous valuation. so much different than kate and ralph and a great balance sheet. i'm long. >> i agree. i like the stock at these levels. seeing a massive, massive selling pressure and i think it has gotten to the appreciate where you have to step in and buy it. >> still ahead, some of the biggest names in tech reporting tomorrow. amazon, google and microsoft. we're going to be busy. we have the most important thing the street is watching for later on. >>> and it is "back to the future" day and guy didn't want to miss out on any of the action. take a look.

i'm seema mody with breaking news. walgreens announces plan to buy rite aid for $17.2 billion, an all crash transaction and represents a 48% premium to the closing price yesterday. rite aid shareholders are receive $9 a share. today's announcement is another step in the alliance of global development and continues our profitable growth strategy. but simon, again, a deal here. walgreens boots alliance to acquire rite aid for $17.2 billion. back to you. >> thank you, seema. karen. >> this is the 17th time the rumor about rite aid is out there. i think it is true. it is disappointing. it will take time for them to shed assets. >> nothing to see here. >> i would see it move. >> but it already moved. >> star wood hotels getting a huge boost on the report that at least three -- three big chinese companies -- three chinese companies are vying to win beijing's approval to become the one and only bidder for the hotel chain. kicking off the top trades, if beijing gives the green light, it would be the biggest ever chinese takeov

let's get over to seema modi at the market flash desk. >> energy which has been one of the winning sectorsr this month is selling off today. the s&p energy sector down 1 1/2% as oil prices move lower. some big that names drag on the index, chesapeake energy, southwestern, transocean, and consol down 6 to 7% in today's trade. >> seema, thank you. >>> when we come back, a strong open for steve jobs at the box office. ♪ today, we're seeing new technologies make healthcare more personal with patient-centric, digital innovations; from self-monitoring devices that can interpret personal data and enable targeted care, to cloud platforms that invite providers to collaborate with the patients they serve. that's why over 90% of the top 25 global pharmaceutical companies are turning to cognizant. our domain experts, technologists, digital and data specialists, clinicians and scientists are transforming the way clinical research sites collaborate with pharmaceutical companies, and enhancing patient engagement with innovative platforms and solutions. our population's growing healthcare needs present gr

i'm seema mody. want to point your attention to shares of dunkin' brands. chain says u.s. sales grew just 1%. analysts were expecting to see 2 to almost 3% growth. the full-year outlook missing forecast. in addition to that, dunkin plans to close 100 u.s. stores this year and next. shares down about 20% in the last three months but still up about 3% this year. simon, over to you. >> thank you very much. presidential candidate and gop front-runner, donald trump, giving his take on the real estate market that was with john harwood, our chief washington correspondent. take it away, john. >> some people accuse donald trump of not being deep on policy. real estate is his wheelhouse. i talked to him about new york real estate and a big challenge to the business. >> new york real estate? >> the market is heading up or down. i can tell you how the world is doing by how the world is buying apartments. i am waiting for it to go down. selfishly, i like that. depending on what happens with my presidential run, obviously. in one way, i sort of would like to see it go do

let's go to seema mody for a news alert. >> hey, tyler, several reports that coke and pepsi are looking at making an investment in chobani and cnbc is learning that coca-cola is not actively looking at chobani as an investment and that's according to people familiar with the company. shares higher than.07% in terms of trade. >> to housing and the number of people applying for a mortgage tumbling. diana olick with what's going on. >> reporter: all of this is due to the start of new regulations for lenders that went into effect october 3rd and had everyone worried so the big jump to get in before the deadline and then the big drop afterwards, but there is something more here. break out applications to buy a home, they had surged 27% before the rules but fell 34% after and are now below last year's levels for the first time since last february which was a very slow month for sales. quick note though, the ten-year yield which rates followed and mortgage rates headed higher. >> the big stock stories of the year, walmart. is it a good opportunity to buy the stock or should you stay away? fell

seema mody has details for us. >> bill, if you are people in the audience use scott trade you may want to listen up. their retail brokerage firm has announced that a beach has hit 4.6 million customers. they say the illegal activity involving our network occurred between late 2013 and early 2014 and targeted client names and street addresses, although security -- social security numbers, e-mail addresses and other sensitive data were contained in the system access, it appears that the contact information was the focus of the incident but approximately 4.6 million clients were affected, again, from the dates of early -- or 2013 and early 2014. bill and kelly, that's the latest. >> and seema, no mention to ex peer i don't know. >> no, this does not seem to be related to is that story, this is a separate story. >> a separate one, then. >> yet again. >> all the more troubling. seem marks thank you for now. with about 50 minutes to go until the close here in a market, the dow up 90 after being down more than 200 points in morning, the s&p up 12, the nasdaq 44. >> when we come back, the pros

. >>> welcome back to "power lunch" i'm seema mody. the pfizer al letter again chatter catching the attention of carl icon. icon today tweeting unfortunately my warnings concerning the imminent exodus of many of our best interests is coming true. pfizer confirmed they are planning to move out of the country. the situation is much more dangerous than most people believe and there is no reason congress cannot act now to pass international tax reform. now, today pfizer confirming they are engaging in friendly talks with al letter again, a mega deal that could result in pfizer moving outside the u.s. >> seema, thank you. >>> home sales may be hitting a little bump in the recovery, but one segment of the makt is coming back strong. diana olick has to tell us it's not dolphins but flippers. flippers are back. diana. >> haha, brian. pending home sales were weaker than expected in september and it was widespread. these are signed contracts, not closings, so it is a future indicator of sales in october/november. overall sales down 2.3% from aug