and sorkin reports that wall street banks, the very financial institutions saved by taxpayer bailout billions when the markets crashed in 2008, are making a mint, nearly a billion dollars, advising corporate clients to take advantage of the inversion rules and dodge their tax responsibilities here in america. at the head of the pack, jpmorgan chase and goldman sachs. here's jamie dimon, chief executive of jpmorgan chase, quote, "you want the choice to be able to go to walmart to get the lowest prices," he told reporters. "companies should be able to make that choice as well." and then he said this, "i'm just as patriotic as anyone." sorry, mr. dimon, it's not patriotism, it's a travesty, the corporate equivalent of moral treason. and all the rest of us have to pay for it. there's more from joseph stiglitz on our next edition of "moyers & company." >> we already have a tax system that has contributed to making america the most unequal society of the advanced countries. that doesn't have to be. we can have a tax system that can help create a fairer society, only ask the people at the t

i'm becky quick along with joe kernen and andrew ross sorkin.here is a big deal in hoops that's happening. kevin durant is sticking with the swoosh. he will stay with nike in what could be a $300 million endorsement deal for the next three years. under armour getting stuffed on that. >>> let's get to andrew. we have breaking news on dollar general and family dollar. >> thank you, becky. we do have news this morning. dollar general is planning to raise its all cash bid for family dollar to $80 a share. here is what's happening as far as we understand it with people according to the situation. dollar general will be offering to divest up to 1500 stores if required by the ftc. now, before they had offered 700 stores. this even though dollar general says it believes that the pledge to divest those 700 stores as part of the proposal provide more than enough to clear any regulatory review. it includes a $500 million reverse break up fee. and the important point there is to ensure how confident they would be. it's a long, sordid story. skoe and i have

i'm becky quick along with joe kernen and andrew ross sorkin. we are coming to you live from new york city. by the way, that music there, that's the theme to boardwalk empire this morning. that's the day after joe and andrew painted the town red last night. >> pink. >> we'll talk about that. we spent some time together. andrew, you know, that is a big story. >> we had a lot to do last night. >> we did. here we are. >> this was fun. >> this is the premier of boardwalk empire. it's hbo's hit show going into its final soap. plenty of selfies from you guys last night, too. >> a lot of selfies. >> including one with the show's star, steve bushemi. >> i to this take think those were only flashes. none of those cameras had any film in them. >> when you walked the red carpet? >> yes. and to get that many people to cooperate, to pretend -- >> they were not pretending. >> well, they weren't, but we did get introduced and they were like -- because -- what happened is you were so late because you didn't know where the bridge was, you were so late that all t

andrew ross sorkin -- i'm not jimmy walker.w ross sorkin is in nantucket today attending the conference built around big thinkers and decision makers. you're both of those things, andrew. you're both of those things. >> thank you. >> you make decisions. you made a decision to go to nantucket. and you're a big thinker as we have seen. movies, scripts, tv shows. >> that's right. >> deal book, columns, and on and on and on. >> thank you, thank you, thank you. continue, continue. >> don't, stop. don't stop. larry summers will be joining andrew in just a minute. we look forward to that at 8:35. >>> also we've been watching the markets this morning. stock futures are pointing to a higher open on wall street. of course that's pretty welcomed news for the bulls after yesterday's selloff on wall street. this morning the dow futures are up by about 70 points. s&p futured up by five points. but comes after the decline for the dow. gone are the quiet days of summer. volatility is back. the vix soaring up. all dow components dropped. but ni

i'm michelle caruso cabrera along with andrew ross sorkin and joe kernan. becky quick is off today. >>> despite a big rally we saw on friday, volatility is back and that is making things a lot more interesting. the dow has closed up or down by 100 points in seven of the last ten sessions. dow basically flat. s&p is down a little more than 1%. the nasdaq is down 1.5%. and the small cap heavy russel 2000 dropped 5%. >>> futures at this hour are suggesting a negative open with concern about the situation in hong kong. dow opens lower by 62 points. the nasdaq lower by 15 and the s&p 500 lower by 7. andrew? >>> thank you, michelle. hope you had a good weekend. we'll tell you about the corporate news as pimco is working to assure clients it has a solid team in place. that's what they are telling everybody to manage their funds following the very public departure that surprised so many of us of founder bill gross that happened right here on the air on "squawk" friday. the bond giant has seen $10 billion in outflow since that news first broke. and the wall street j

i'm becky quick along with andrew ross sorkin and joe kernan. hurricane odile is pounding baja, mexico. that storm could threaten the southwestern part of the u.s. by the end of the week. >>> now to andrew for breaking monday morning deal news. >> thank you, becky. we have a bit of breaking news this morning because sources are now telling us a $30 billion company is privately buying trizetto for $2.7 billion in ca cash. cognizant has served nearly 245 health care providers. we had the cognizant ceo on, he's one of the youngest ceos, 38 or 39 years old. this is one of the deals that i didn't realize cog anizant is a big as they are. they were there before but this changes the game because the systems that this company is buying puts together, we may use it, actually, it's back technology between the payer and provider. so that's what the deal is. a nice little merger monday. joe is looking at me like this is -- >> okay. good job. >> not interesting. >> this is what you want. you tell him you want breaking news. >> you want news at 6:01 in the mo

i'm becky quick along with joe kernen and andrew ross sorkin. what's left of tropical storm o did he o is dumping a tremendous amount of rain on the southwest. some areas of new mexico have been hit with a couple inches of rain. another 3 to 6 inches of rain are expected over the next couple of days. the region is at high risk for flooding and property damage. after weeks of speculation about change, the fed deciding to stick with the status quo. the central bank telling investors that it is near the end of aets purchases and reiterating that it will not hike interest rates for a considerable period. >> i want to emphasize that there is no mechanical interpretation of what the term considerable time means. and as i've said repeatedly, the decisions that the committee makes about what is the propose time to begin to raise its target to the federal funds rate will be data dependal. >> all right. seems confusing enough. but the bulls do seem happy enough with the fed at least for now. the dow closing at another record. you can see up by about 25 po

i'm becky quick along with joe kernan and andrew ross sorkin.ost of the major indexes closely sharply lower. in china shares that tomorrow's manufacturing data could show more evidence of a slowdown there. you can see the market for the hang seng down by 1.4%. the shanghai was down by 1.6%. meantime in japan, the profit taking looks to be the name of the game following a seven-year high on friday. that stock market is down by .70%. a lot of red in the early european trading as well. the biggest loser seems to be retailer tesco to announce it overstated profits by over $400 million. >>> the g20 finance ministers are wrapping up meetings in australia saying they are close to adding an extra $2 trillion to the economy, but the group is warning that europe's slowdown remains a major stumbling block. and it is playing out if we take at what is happening with the u.s. equity futures. right now the dow futures are down by 28 points below fair value. the s&p futures are up by 7 points. although, andrew, this is an improvement from earlier this morning.

i'm becky quick along with andrew ross sorkin and brian sorkin. walmart fired back at comedian tracy morgan a lawsuit he filed when he was severely injured after a walmart tractor-trailer hit his bus. the s&p is on pace for seven straight quarters of gains. the index is up 39% during that period. it's the longest quarterly winning streak since it was up 14 periods in a row from 1995 to 1998. seven out of ten s&p sectors were up over the last month led by health care technology and financials. the only looszers here, industrials, utilities and energy. is the dow and the s&p are both on pace for their worst percent loss for july. down in two of the last three months. it's been worse for technology stocks. the nasdaq is heading towards biggest monthly drop since april. if you check out the futures this morning and take a look at was been happening, you'll see there are green arrows on this last trading day. the nasdaq up by close to 50 dow jones up by 50 and s&p up by 6. >>> in corporate related news out of china, the country giving the green light t

i'm becky quick along with joe kernen and andrew ross sorkin. preorders for the iphone 6 are off the chart. the applewatch has people talking and everyone with itunes got a copy of u2's new album, songs of independence. that a half a billion accounts around the world. it turns out, though, that not everybody is a u2 fan. we'll explain the sour note apple hit. >>> investors will have to wait until the end of the two-day fomc meeting to legislature what the central bank has to say. some policymakers expect to drop the language that says that the fed will be keeping rates low for a considerable period. if that happens, the market is likely to interpret it as a sign that we are getting closer to rate hikes. you have to wonder what that would end up doing to equities. investors, take a look, you'll see the nasdaq off by about 48 points. it had its worst session since the end of july. facebook shares falling nearly 4%. although you can see the last pick on that was up by about 0.25%. this came after the company raised -- after the company's shares hav

i'm barack obama along with joe kernen and andrew ross sorkin. we are coming to you live from the first annual clinton global ishtive conference in new york city. let's of state all getting together to talk about issues of social change. later this morning, president obama will be addressing this meeting. coming up at 11:00 a.m. eastern time, we have an interview with the host of the conference himself, former president bill clinton. that will air live right here on cnbc. we have a new lineup, the ceo of american standard and nrg energy. former secretary of state madeline albright. black stone's president, tone know james, and we'll cap it off with dpaer white along with actor matt damon. >> so we have a lot to do today. let's talking about breaking news overnight. american fighter jets going into syria and bombing isis targets. the u.s. did warn american fighters in advance. five arab partners are involved. the pentagon confirms they went after 20 targets. fuel depots, weapons spots and traini ining sites. israel shot down a fighter jet after it

i'm becky quick with joe kernen and andrew ross sorkin.have more on the september 11 commemorations today but first let's start with the markets this morning. right now looks like the futures are under pressure. s&p futures down by just over six points. and the nasdaq down by about 12 points. also been keeping track of what's been happening with the 10-year. we had watched that yield on the 10-year pickup for five straight sessions. this morning sitting at 2.525%. >> and it's a day of highs for the dollar and lows for crude oil. brent crude has touched its lowest point in 17 months. supplies have been on the rise this morning cutting its demand for this year and next. meanwhile the dollar is at a six-year high against the yen. and the dollar index is on a track for six consecutive weeks of gains. traders are speculating the fed might raise rates sooner rather than later. we're going to talk about that in a little bit. it's been a light week for economic reports, but we have several of note today. the labor department, they're going to be o

i'm becky quick along with andrew ross sorkin and brian sorkin. fired back at comedian tracy morgan, a lawsuit he filed when he was severely injured after a walmart tractor-trailer hit his bus. the s&p is on pace for seven straight quarters of gains. the index is up 39% during that period. it's the longest quarterly winning streak since it was up 14 periods in a row from 1995 to 1998. seven out of ten s&p sectors were up over the last month led by health care, technology and financials. the only looszers here, industrials, utilities and energy. is the dow and the s&p are both on

i'm barack obaecom becky quick kernen and andrew ross sorkin. the nfl season kicked off last night with the seattle seahawks taking on the green bay packagers. the seahawks picking up where they left off last season. we're going to be talking a lot more football at 7:00 eastern with new england patriots owner bob kraft and future hall of fame quarterback tom brady. a lot more to talk about in this morning. >> the big story of the morning, the latest employment report. it is jobs friday. polled forecasters saying the economy likely added 225,000 jobs last month. that would mark the second straight month payrolls increased by 225,000. we haven't seen a stretch that long since 1997. the unemployment rate expected to slip to 6.11%. futures ahead of those numbers and, of course, things can change dramatically in the morning. but right now, we have some red arrows with the dow, it opened down about 41.5 points. the s&p 500 would open off about 6.5 points and the nasdaq would open off about 9.5 points. again, we will -- those numbers -- >> doing a lot.

i'm becky quick along with joe kernen and andrew ross sorkin. new jersey governor chris christie taking steps to save atlantic city and add more revenues to the state's coffers. it could mean allowing sports betting casinos. we will talk about that later in the day in sports in just a minute. right now, we are less than seven hours away from the big apple event. shares of the tech giant have fallen about 4% in the last week ahead of the expected products announcement. since 2007, there have been seven iphone announcements and the stock has fallen on four of those days. shares have been averaged small gains in the week or two following the introductions, but, of course, that's because a lot of stuff leaks out ahead of time. a lot of expectations are built into this. check out this chart, though. apple is up nearly 3800% in the last ten years. we're going to talk more about this store with the tech giant in just a minute, but first, andrew, over to you. >>> general mills is buying organic foot food producer annie's. $46 a share in cash is the pric

i'm becky quick along with joe kernen and andrew ross sorkin. believe it or not, there is a bit of a chill in the air in the east coast this morning. only ten days of summer remain. is that right? yeah, okay. 22nd. but some parts of the country are getting a blast of snow, believe it or not. up to 10 inches in some places. we'll tell you where later in the show. >>> we are focusing on the consumer. the headline number expected to rise by 0.6%. when you strip out autos, economists forecast a smaller increase of 0.3%. other economic reports of note today include import/export prices at 8:30 eastern time. later in the morning, we'll get september consumer sentiment and july business inventories. by the way, the dow and the s&p are on pace for the first weekly drop in six weeks. the nasdaq, though, is poised for a sixth straight week of gains. andrew, good morning and i'll send it over to you. >> thanks, becky. we've got corporate news for you this morning. it is a very big day for apple fans. new orders to the iphones are officially on today and th

i'm becky quick along with joe kernen and andrew ross sorkin. there are more haunting images coming out of the middle east. radical militant group isis killing another american journalist held captive. the latest video shows the beheading of 31-year-old steven sotlov. that militant, once again, taunting america. following the gruesome execution, a militant masked man is shown holding another man by the collar. that man is said to be british citizen david hanes. president obama is in europe today and in the last hour addressed the latest act of terrorism by isis. >> like people around the world, americans are repulled by their barbarism. we will not be intimidated. their horrific acts unites aus a country and stiven our resolve to take the fight against these terrorists. those who make the mistake of harming americans will learn that we will not forget and that our reach is long and that justice will be served. >> global markets paying attention to that, but right now, reports of a sear fire whips up stocks and securities. the office of ukraine's

andrew ross sorkin is off. this morning former time warner chairman and ceo dick parsons who knew andrew when he was like 12, right? >> a little older. 15. >> you said he's gotten a little better since then about being a know it all. >> then sometimes i go back on that. >> he's just as bad as he was. i know. i know. there's a major new -- we miss him today. >> that's what he gets for not being here. >> i know. major computer bug floating around and it could affect apple's mac and lennox operating systems. it could be more dangerous than the recent heartbleed bug. the latest bug could let hackers access and control a system remotely. >>> in more technology news, blackberry unveiling its new blackberry passport. meantime, dealing with apple's new bugs and its ios operating system, also the negative press for the bendability of its new phone. joining us is jon fortt. jon, classic is not necessarily a word you should society with the state of our gadgets. you think they can pull this off? >> well, it's interesting.

i'm barack obama along with joe kernen and andrew ross sorkin. we are back at headquarters with lots of stories this morning, including one coming up about a bendable iphone. the new iphone 6 is a bit thinner, but is it supposed to be this flexible? we have that coming up later in the show. let's start things off this morning with the markets. the dow is coming off its first back to back triple digit loss. this in over three months. small caps continue to struggle. the russell 2000 is now nearly 8% off its record high back in july. down another 1 % yesterday. if you take a look at what's been happening in the markets this morning, the futures are indicated slightly higher, ever so slightly for the s&p futures. it's fractionally higher. dow futures look like they are up by about 14 points above fair value. andrew has some of the morning's top stories. andrew. >> we have corporate news this morning. pfizer now reportedly making another run at an inversion. this time holding takeover talks with activists. but "the wall street journal" reporting that

i'm becky quick along with joe kernen and andrew ross sorkin. the dow, the s&p and the nasdaq all coming off their biggest drops in a month. if you check out the futures this morning, you'll see that equities at least at this point look like they are indicated higher. dow futures up by about 46 points rights now above fair value. s&p 500 up by close to 4 points and the nasdaq up by just over 10. the bond market is grabbing a lot of attention this week. the yields on the ten heavy year treasury rising above 2.5% again finally. also, oil prices, something we've been watching closely have been a lot of pressure on oil prices in the last few weeks. this morning, up slightly 26 cents to 93.01. apple t buzz stock of the week. the stock saw nearly four times it's volume yesterday in volatile trading. in the premarket, it's down by about 37 cents. andrew, over to you. >> thank you, becky. we're going to break down apple's big show and tell. two new iphones, the much anticipated apple watch and payment systems. u2 teams up with tim cook. on this day afte

i'm becky quick along with joe kernen and andrew ross sorkin. dow, the s&p and the nasdaq all coming off their biggest drops in a month. if you check out the futures this morning, you'll see that equities at least at this point look like they are indicated higher. dow futures up by about 46 points rights now above fair value. s&p 500 up by close to 4 points and the nasdaq up by just over 10. the bond market is grabbing a lot of attention this week. the yields on the ten heavy year treasury rising above 2.5% again finally. also, oil prices, something we've been watching closely have been a lot of pressure on oil prices in the last few weeks. this morning, up slightly 26 cents to 93.01. apple t buzz stock of the week. the stock saw nearly four times it's volume yesterday in

i'm becky quick along with joe kernen and andrew ross sorkin. or not, there is a bit of a chill in the air in the east coast this morning. only ten days of summer remain. is that right? yeah, okay. 22nd. but some parts of the country are getting a blast of snow, believe it or not. up to 10 inches in some places. we'll tell you where later in the show. >>> we are focusing on the consumer. the headline number expected to rise by 0.6%. when you strip out autos, economists forecast a smaller increase of 0.3%. other economic reports of note today include import/export prices at 8:30 eastern time. later in the morning, we'll get september consumer sentiment and july business inventories. by the way, the dow and the s&p are on pace for the first weekly drop in six weeks. the nasdaq, though, is poised for a sixth straight week of gains.

i'm becky quick along with joe kernen and andrew ross sorkin who is in nantucket this morning.some big guests coming up. andrew, good morning. >> hey, becky. we are at the nantucket project this year again. this theme this year, art and commerce. we have some big guests coming up for you over the next thee years. we're going to have bob diamond, former ceo of barclay's. we're going to talk markets with him and the strength of the dollar. weakness of the euro. i imagine he has sauce on that. then we're going to get barry sternlicht's thoughts. he highways $30 under management. right after we get the final second quarter gdp numbers at 8:30, we're going to be talking to larry summers who will give us his perspective on those numbers as well as where the econom

i'm becky quick along with joe kernen and andrew ross sorkin.we are coming to you live from new york city. by the way, that music there, that's the theme to boardwalk empire this morning. that's the day after joe and andrew painted the town red last night. >> pink. >> we'll talk about that. we spent some time together. andrew, you know, that is a big story. >> we had a lot to do last night. >> we did. here we are. >> this was fun. >> this is the premier of boardwalk empire. it's hbo's hit show going into its final soap. plenty of selfies from you guys

i'm becky quick along with joe kernan and andrew ross sorkin. it's the morning after for nfl fans. including the patriots losing to the dolphins. a couple of overtime games and on nbc last night manning sees manning. three touchdowns to beat his former team. much more on sports coming up in a bit. >>> in corporate news, general electric is selling its appliance business to electrolux. the price tag of $3.3 billion. both boards have approved the deal. electrolux will continue to use the ge brand. we'll talk to the electrolux ceo coming up first at 7:00 eastern time. andrew, good morning. >>> good morning, becky. hope you have had a great weekend. alibaba is set to kick off the ipo road show in new york today. the chinese ecommerce giant is looking to raise more than $21 billion in the u.s. public offering. the expected per share price range set between $

i'm becky quick along with joe kernen and andrew ross sorkin. >> we will hunt down terrorists who threatenuntry wherever they are. that means i will not hesitate to take action against isil in syria as well as iraq. this is a corporal of my presidency. if you threaten america, you will find no safe haven. >> we will break down what the president said and talk about the military options on the table in just a few minutes. in the meantime, let's take a look at the markets. stocks closing off the highs of the session yesterday.

i'm becky quick along with andrew ross sorkin and joe kernan. hurricane odile is pounding baja, mexico. that storm could threaten the southwestern part of the u.s. by the end of the week. >>> now to andrew for breaking monday morning deal news. >> thank you, becky. we have a bit of breaking news this morning because sources are now telling us a $30 billion company is privately buying trizetto for $2.7 billion in ca cash. cognizant has served nearly 245 health care

i'm becky quick along with joe kernen and andrew ross sorkin.ere is a big deal in hoops that's happening. kevin durant is sticking with the swoosh. he will stay with nike in what could be a $300 million endorsement deal for the next three years. under armour getting stuffed on that. >>> let's get to andrew. we have breaking news on dollar general and family dollar. >> thank you, becky. we do have news this morning. dollar general is planning to raise its all cash bid for family dollar to $80 a share. here is what's happening as far as we

i'm barack obama along with joe kernen and andrew ross sorkin.coming to you live from the first annual clinton global ishtive conference in new york city. let's of state all getting together to talk about issues of social change. later this morning, president obama will be addressing this meeting. coming up at 11:00 a.m. eastern time, we have an interview with the host of the conference himself, former president bill clinton. that will air live right here on cnbc. we have a new lineup, the ceo of american standard and nrg energy. former secretary of state

i'm becky quick along with joe kernen and andrew ross sorkin.his morning with some breaking news from the scandal plagued envelope. the minnesota vikings have reversed their decision to reinstate adrian peterson. now they have placed peterson on the exempt commissioner's list that means he will have to stay away from the nfl activities while he addresses child abuse charges. this could mean that peterson misses the rest of the season as the case goes through the court. this decision comes as more sponsors like budweiser are speaking out about how the nfl is handling these off field issues. coming up, we have a sponsor that says the culture of the league is broken. an exclusive interview with bob mcnair, coming up at 6:30 eastern time. right now, let's get to andrew.

i'm barack obama along with joe kernen and andrew ross sorkin. back at headquarters with lots of stories this morning, including one coming up about a bendable iphone. the new iphone 6 is a bit thinner, but is it supposed to be this flexible? we have that coming up later in the show. let's start things off this morning with the markets. the dow is coming off its first back to back triple digit loss. this in over three months. small caps continue to struggle. the russell 2000 is now nearly 8% off its record high back in july. down another 1 % yesterday. if you take a look at what's been happening in the markets this morning, the futures are indicated slightly higher, ever so slightly for the s&p futures. it's fractionally higher. dow futures look like they are up by about 14 points above fair value. andrew has some of the morning's top stories. andrew. >> we have corporate news this morning. pfizer now reportedly making another run at an inversion. this time holding takeover talks with activists.

i'm becky quick along with joe kernen and andrew ross sorkin.orders for the iphone 6 are off the chart. the applewatch has people talking and everyone with itunes got a copy of u2's new album, songs of independence. that a half a billion accounts around the world. it turns out, though, that not everybody is a u2 fan. we'll explain the sour note apple hit. >>> investors will have to wait until the end of the two-day fomc meeting to legislature what the central bank has to say. some policymakers expect to drop the language that says that the fed will be keeping rates low for a considerable period. if that happens, the market is likely to interpret it as a sign that we are getting closer to rate hikes. you have to wonder what that would end up doing to equities. investors, take a look, you'll see the nasdaq off by about 48 points.

i'm barack obaecom becky quick kernen and andrew ross sorkin.e nfl season kicked off last night with the seattle seahawks taking on the green bay packagers. the seahawks picking up where they left off last season. we're going to be talking a lot more football at 7:00 eastern with new england patriots owner bob kraft and future hall of fame quarterback tom brady. a lot more to talk about in this morning. >> the big story of the morning, the latest employment report. it is jobs friday. polled forecasters

i'm michelle caruso cabrera along with andrew ross sorkin and joe kernan.y. >>> despite a big rally we saw on friday, volatility is back and that is making things a lot more interesting. the dow has closed up or down by 100 points in seven of the last ten sessions. dow basically flat. s&p is down a little more than 1%. the nasdaq is down 1.5%. and the small cap heavy russel 2000 dropped 5%. >>> futures at this hour are suggesting a negative open with concern about the situation in hong kong. dow opens lower by 62

i'm becky quick along with joe kernen and andrew ross sorkin.ey governor chris christie taking steps to save atlantic city and add more revenues to the state's coffers. it could mean allowing sports betting casinos. we will talk about that later in the day in sports in just a minute. right now, we are less than seven hours away from the big apple event. shares of the tech giant have fallen about 4% in the last week ahead of the expected products announcement. since 2007, there have been seven iphone announcements and the stock has fallen on four of those days. shares have been averaged small gains in the week or two following the introductions, but, of course, that's because a lot of stuff leaks out ahead of time. a lot of expectations are built into this. check out this chart, though. apple

i'm becky quick along with joe kernan and andrew ross sorkin. the major indexes closely sharply lower. in china shares that tomorrow's manufacturing data could show more evidence of a slowdown there. you can see the market for the hang seng down by 1.4%. the shanghai was down by 1.6%. meantime in japan, the profit taking looks to be the name of the game following a seven-year high on friday. that stock market is down by .70%. a lot of red in the early european trading as well.

i'm becky quick along with joe kernen and andrew ross sorkin.of tropical storm o did he o is dumping a tremendous amount of rain on the southwest. some areas of new mexico have been hit with a couple inches of rain. another 3 to 6 inches of rain are expected over the next couple of days. the region is at high risk for flooding and property damage. after weeks of speculation about change, the fed deciding to stick with the status quo. the central bank telling investors that it is near the end of aets purchases and reiterating that it will not hike interest rates for a considerable period. >> i want to emphasize that there is no mechanical interpretation of what the term considerable time means. and as i've said repeatedly, the decisions that the committee makes about what is the propose time to

i'm becky quick along with joe kernen and andrew ross sorkin.there are more haunting images coming out of the middle east. radical militant group isis killing another american journalist held captive. the latest video shows the beheading of 31-year-old steven sotlov. that militant, once again, taunting america. following the gruesome execution, a militant masked man is shown holding another man by the collar. that man is said to be british citizen david hanes. president obama is in europe today and in the last hour addressed the latest act of terrorism by isis. >> like people around the world, americans are repulled by their barbarism. we will not be intimidated. their horrific acts unites aus

. >> this stock is where it was when andrew sorkin interviewed him. this is where it jumped to when nelson peltz talked about paint. in the report, they're talking about how this thing has done quite poorly once dupont brought it in. yet, that was the health and wellness. that was supposed to be the noncyclical portion. i think this is a great american company that's going to be under siege for a long time given the fact that trian is laying out a case that says they shrink to grow, which i know we can make fun of, but that's what this is about. then you would be able to break this company up. how do you get from 60 to 120? a series of acquirings of the dupont pieces. basically, dupont should disappear. >> all right. let's quickly move on to fedex. better than expected quarterly results. higher volume in express and ground. also, general mills q-1 misses on the top and bottom line, even as they try to cut costs. fdx is going to institute a price increase in january. u.s. volume up five. pretty good number, even though bought back a lot of stock in q-1

andrew ross sorkin talking at a conference in nantucket and asked them about the selloff yesterday andhe stocks might be headed for the rest of the year before anyone knew we would have a snapback today and here's what they had to say. >> there's no question that assets are more fully priced than they were 18 months ago. yes, price earnings ratios are a little high by some measures but that's what you expect when real interest rates were low. >> i think it's more reasonably priced than that. i think a lot of the key factors in terms of they're still inexpensive money and oil prices are reasonable level. i think gold's at a reasonable level. i don't see a big crash coming. >> i've been talking more months and we get nervous on the way down when the tree shakes. healthy for the market to shake and get loose hands out of stocks and create conviction but i do think we have been -- we are up here on the top of the lake and the lake's getting f z fissures and cracking. >> we wonder if today's big move higher to change minds and see what the next guests think. joining me now with the panel, b

i'm becky quick along with joe kernen and andrew ross sorkin. we start this morning with some breaking news from the scandal plagued envelope. the minnesota vikings have reversed their decision to reinstate adrian peterson. now they have placed peterson on the exempt commissioner's list that means he will have to stay away from the nfl activities while he addresses child abuse charges. this could mean that peterson misses the rest of the season as the case goes through the court. this decision comes as more sponsors like budweiser are speaking out about how the nfl is handling these off field issues. coming up, we have a sponsor that says the culture of the league is broken. an exclusive interview with bob mcnair, coming up at 6:30 eastern time. right now, let's get to andrew. activist investor nelson phelps is taking his -- to the next helpful. out now with news this morning that the founder has sent a letter to the company, to -- calling for -- or dupont, rather, dow chemical, dupont, calling for a break-up of the country. if this story sounds

i'm becky quick along with joe kernan and andrew ross sorkin. it's the morning after for nfl fans. a big sunday of games with several big upsets including the patriots losing to the dolphins. a couple of overtime games and on nbc last night manning sees manning. three touchdowns to beat his former team. much more on sports coming up in a bit. >>> in corporate news, general electric is selling its appliance business to electrolux. the price tag of $3.3 billion. both boards have approved the deal. electrolux will continue to use the ge brand. we'll talk to the electrolux ceo coming up first at 7:00 eastern time. andrew, good morning. >>> good morning, becky. hope you have had a great weekend. alibaba is set to kick off the ipo road show in new york today. the chinese ecommerce giant is looking to raise more than $21 billion in the u.s. public offering. the expected per share price range set between $60 and $66. this would help the company or value the company rather at up to $163 billion making it the largest ever technology debut in the united states. and joe was reading that story