x. capital in london outlines what's ailing the industry. well there are i mean monarch had its own unique problems i think its legacy sort of charter flight business it didn't really know where it was it didn't know if it was a package tour operator or not and it's been suffering from actual problems for a while and it's been bailed out a couple times in the last three years so the writing was on the wall one out maybe maybe a while ago other airlines there are there's no shortage of companies that are making making losses are struggling to make a profit we've seen restructuring and poland rimini and maybe hitting hitting their lines their flight the any case one that has made one profit in the last twenty ten otherwise made a loss i mean there are lines that just struggling because prices are just too low at the moment. he drives a b.m.w. s.u.v. in the united states it's likely it's been made in spartanburg north carolina while the eight thousand us workers them make more than a thousand cars per day so few people there understand the pres

they've been pretty consistent about their dividend x the financial crisis, ge capital days im, we know down ones mostly down for the last few years. could it be one of those ones people buy for the yield exxonmobil on the oil side of things, 3.7% as for the price to earnings ratio, we often -- we look at those things in terms of trailing pe ratios to see which ones are the most cheaply valued ibm at that list as well about 12 times earnings. travellers, 12 times earnings as well goldman. travellers, goldman, the financial side of things maybe we understand the valuation side they're trading a little cheaper from an earnings basis, and then verizon as well. as people take a look at a dow that sits in statistically unlikely territory, its average price over the last 50 days, it's now trading well, well above that traders are now looking for whether or not this dow can keep going at its current pace or whether or not people are going to look for some kind of a rotation that somebody is underperforming names, and those, guys, are the ones that we're taking a look at for sure. >> can't beli

all right, good to speak to you too, melissa >> dan niles, alphaone capital partners does it apply this time with the phone split, 8 and xit >> i can understand that you use these opportunities on cells, if you're already in the stock, to add to it. i don't know that i want to play the game, i think that's sort of what dan was talking about, timing the selling, am i going to sell the top and be able to buy this thing back. i own the stock, i have for well over a decade. i would probably buy it if i got enough of a pullback katie from morgan stanley was out here, she raised her price target and also raised her unit sells of 2 million for the iphone, and talked about the watch, surprised how good that is she's always talking about retention. retention level is something people don't really get. >> you're bringing up great points in terms of the momentum stock and how it will trade. the reviews will have to be awful to not be a fantastic refresh and release for these guys >> they really don't have to be awful. it could be as simple as the facial recognition doesn't work. and then it's awful. it could be that simple. that's

x chiefs. why do you think one is bipartisan and the other and isn't? >> i think going a closed economic model that disrespect or disregards mobile capital flows at this not make sense. i think there are some model flaws. and our backan were phenomenal leaders in their gmmd, i used to work on the -- the ggm model which i used to work on when i was younger. i think they made a bunch of things up in their model to come up with a conclusion which seemed to me to be overly partisan when in fact those were not the decisions made. that is my problem with the model. reporter: over on the other side of the capital, there are two week retiring -- to retiring senators who made comments about the president and about his behavior. do you share any of these and particularly the fact that he would not like to be complicit -- [indiscernible] rep. ryan: first of all, i think jeff flake is a very good man who was a voice of fiscal restraint here in the house. but i do not think the american people care about that. the you know what the american people would like to see us do? all their problems. i do not think they want to see us yelling at each other, they would like to

going to redeploy the capital they get from that and either buy an early stage suite of health care or pharmaceuticals, or they're going to buy back shares with that, or go to cap x to actually increase their portfolio. >> it would also give me tthem money, if they have a lot of outstanding debt, i don't know how much they have, but they could pay off that debt or refinance it at a lower rate. >> without a doubt, you'll continue to see that as well. many of these multinationals are going to sell properties and then pay down their debt or buy back stock to optimize their balance sheet. but overall, what you're going to see going into 2018, many multinationals will continue to go through their portfolio, look to sell their properties or spin them off, and you have to keep in mind for a lot of private equity firms, they have a tremendous amount of funding capability to go buy these. >> real quick, chad, bottom line me. if i own or i'm interested in a company that is slimming down this way, is it a good sign, yes or no? >> i would say it's a great sign. we would be buying honeywell. we own honeywell, we own pfizer, we own walmart. we would continue to be buyers of th

x orders and the reviews starting to trickle out. what's your take on how this does or doesn't affect capital >> you know, i agree also microsoft, sameuation they are not strong in these businesses and apple -- >> microsoft, yeah >> they've got bing, but it's not been a player in this issue. but i do think, i've talked to people at both companies, they still -- they call it a viral contagion that they are tech, so it doesn't help them at all necessarily this is happening, although they are not getting dragged into these issues. but that's not to say if there's an encryption issue you can see apple getting pulled in. there's all kinds of things these companies -- big functions in our society, so they are always going to be pulled into these issues as we move forward. >> yeah, i would think things like data gathering, for example. >> yeah. >> kara, so they are going to bring some solutions we imagine that's to forestall what would have been regulation. who knows if that's going to work but ultimately, have you thought about what regulation could come in and whether or not it would actually hurt their earnings when you look at the dolla

then, by the way, there's going to be cap x as well, right there's a real squeeze about the money, the capital that would be available to pay investors. >> absolutely and so, you know, if you think about it with the new ceo putting his strategy in place, we think why not give himself a little bit of breathing room, you know, make the cut now. you know, put that out there and then give yourself a little bit more breathing room going forward when you're trying to reposition the company for growth >> you know, barbara, morgan brennan just outlined some possible asset sales would that be part of your prescription for the new ceo and if so, what would you get rid of she mentioned one of the things, had been one of the profit centers and that was a medical devices. >> absolutely. in fact, i think health care is probably not one that i would point to and the reason for that is that is a good cash flow business and i think a lot of the changes that john flannery had put into place improved the cash flow in that business so if you think about ge having an overall weak cash position, i wouldn't like to

x transportation, that's three tenths better than the unrevised 0.2, let's get to the moneyball. capital goods number, and it's starting to do better. last look it was up -- it's up more, we're putting out decent numbers there. do keep in mind this series is well watched by many, including the fed and the recent trends have been improving. michelle, back to you. >> we'll watch the effect on the markets. thanks so much good morning welcome back to "squawk box. i'm michelle caruso-cabrera along with scott wapner and carl let's look at the markets today. the dow industrials trading, flat almost concerns the gains, the nasdaq at of 551 wti trading at $50.46, if you want it delivered in november. that's where our road ma'am begins this morning with those record-breaking markets urges s&p 500 going for the longest streak in more than four years we'll discuss ahead of tomorrow's big jobs report. >>> amazon reportedly testing its own delivery service we'll discuss what it all means for the shipping war, straight ahead. >>> and if weathero rico's governor has a message for bondholder, after the p

capital. know if we're going to be don't show up at those you know more yes in reality he didn't exactly invite the bloody battista dictatorship which had left many people in x. so across latin america so the government chartered an airplane to take them back. on the plane as fidel had delegated to him the task of bringing. in exile in argentina venezuela and ecuador. and then what did it feel like you i think you were fifteen years old seeing your brother now the. politician the head of the central bank of cuba. yes when we arrived to havana in one thousand nine hundred fifty nine it was ten days off because he had left the government so it was very recent at that point cuba was mobilized and. of course having left because to my parents he was. tiny and i started. having left. a meeting with. a very strong experience i'd say it was shocking and i still remember the moment when him. and spent a couple of minutes hugging me. and what did you feel when you heard about the cia backed as a nation of your brother. well if it wasn't cia the cia but it was the believing army that execute the assassination. was in charge. it was the army general in bolivia the cia w

x the rules of the impossible trinity. if you want a stable exchange rate, you have to win with the flow capital. it's as simple as that.experience with liberalization and free broadcast over the next decade, it probably lapsed a little bit because we haven't managed to do it. we've had mold a natural crises and so. anna: extraneous -- exchange rate will push on. what does reform look like if it doesn't me more flexibility? -- doesn't mean more flexibility? faster china's growth rate in the short run, the more likely the quality will deteriorate. reform aims to improve the quality of growth. overstated,sed and but the reforms will be aimed at holding up middle-class. manus: we have a lot more to get through with stephen, are market strategist for the day. will they declare independence for catalonia, and how will spain react? this is bloomberg. ♪ manus: nice shot of tokyo, 2:30 in the afternoon. dollar-yen seeing a little bit of movement. a couple of breaking pieces of news for you. in the advertising world, how does this look? anna: second-quarter revenue falling 2.6%. the company seeing improvement in the second half.

of this capitalism and also doesn't the serve as a very clear example of where the profit motive conflicts with public safety and security. yes and the examples are everywhere let's review equip x. they discovered this is public knowledge in march that they had a problem with their security they didn't fix it in time they had a hack in july or later in the year that shouldn't have happened because they should have fixed what they discovered what was wrong that was the logical way to proceed they didn't do it i don't know if they didn't do it because they didn't want to spend the money i don't know if they didn't do it because they have a lax supervision program whatever it was this private for profit company was busy doing something else other than protecting this vitally important information because if it's compromised you can and this is happening to millions of americans spend many hours and many dollars and enormous aggravation with theft of your identity with abuse of your credit card numbers and all the rest of it that's involved here when you add that high executives of equifax sold the huge positions of stock when they learned or now they claim they didn't know which i

x"ilbeight back. >> dow joins is right above flat line s&p indicated down the nasdaq indicated down too. let's see your wallet. capital one, third quarter profit beat forecast credit card issuer is helped by rising interest rates as skurpz took on more debt. that offset an increase in loan losses at&t third quarter profits fell 9% and missed forecasts. the wireless carrier lost more video subscribers to traditional and on-line tv competitors and fewer customers also upgraded their phones ahead of apple's launch of the iphone 10. dow component visa, the credit card issuer earned 90 cents a share for the third quarter. beating estimates by a nickel. revenue also came in above forecast >> the l.a. dodgers opened the world series last night with a victory over the houston astros. it was dodger pitcher clayton k kershaw that had 11 strike-outs and only allowed three hits. they win 3-1 game two of the world series is tonight. dog gone it. doesn't start until 8:00, unfortunately. >> when we come back, senator rob portman talks tax reform stick around my name is jeff sheldon, and i'm the founder of ugmonk. before shipstatio