It is like a gulf. This is not separated in terms of politics. Actually, ill take this side. Im really not sure you may be closer to me than him this guy is a nut. Im going to need a lifeline. We could put Chris Christie in between us. Lets check on the markets this morning. You know what i didnt look at today, constitutional crisis concerns looking at the stock market, i cant see it there up 115 points on the dow jones the nasdaq up 41 treasury yields up 71. My mind is wandering the predicted volume and money is very small. I checked the odds of impeachment. They are up 60 cents odds that trump does not finish his first term or odds he does finish is 80 . At 4 00, there is a meeting. Maybe it is one of those situations you do it and hes not removed. How do you read that im no expert but saying this is a political decision. Impeachment is a political decision bringing charges is different than a case. They have an election in 2020, they may just want to wait for that i would think so. There is such fatigue over the fact that this guy may have won the election the stuff you were doing it for before was what . Dont look at me. We were ready to do it before, what was that one for . Questions about collusion but that was put to rest. You cant raise it and then not have the conversation. I do that all the time. As a trump supporter, are you troubled by what he did . I dont know what he did. Based on the reports, are you troubled by what he did. Ill have to be quite honest, i dont know what the reports are telling me with all due respect, a lot of news organizations, we are not sure what we are getting andrew i think it is part of the general fatigue. You have to read the wall street journal democrats are going to have trouble stradling and trying to impeach trump. We have biden on record saying, im withholding it thats already been done you and i have had conversations, joe and i have, about the clintons and their Foundation Joe thinks whatever biden may or may not have done troubling. I find it troubling that you and you can manage not to suggest you are concerned about the situation and the character of what it represents to the country, if it is true im not sure. Even if you were to take away we have to get to the business component of all of this, if you were to take away a true quid pro quo out of it. The idea that it is happening at all, someone of your character would be struggling with it. You cant do that you are virtuous im virtuous dont start that again at this point, peoples expectations of politics are so low. These are ethical lapses. They are troubling politics is really down and dirty. The democrats will have trouble removing someone from office when they have someone on tape doing the same thing the last thing, in terms of tying all of this, how do you think the chinese feel about all of this . Andrew, they have internment camps. If you are talking about ethical lapses im talking about the trade negotiation and the timing i will say this it would be a miscalculation on the part of the chinese whether you have a democratic or republican president it would make much of a difference. Ness one of the few places we have partisanship feelings breaking news the high court in uk says Boris Johnson was unlawful to suspend Parliament Brexit is set to take place october 31 the pound is up. 003. Lets talk back on the trade front. Unusual exchange between trump and trade secretary mnuchin caught on camera on friday, it broke that the planned tour in farming sector had been called off. Late yesterday, President Trump and mnuchin were asked about that canceled tour mnuchin jumped in and said it was canceled by the u. S. Something that caught President Trump by surprise. That was our request. We didnt want there to be confusion. They are going to reschedule that at a different time that was our request why was that our request, just out of curiosity . We didnt want confusion around the trading we want them to buy Farm Products this was no confusion they committed to buy agriculture. Reuters reporting that china bought close to 600,000 pounds of soybeans. One claim made that the chinese did not follow through i thought that was fairly interesting. Friday, thats why the market sold off it didnt seem like trump had talked to the treasury closely mnuchin said it was a timing issue. Are we still on with china my own opinion is that from the political principals will out weigh the economic at least for the next year. When you get past 2020, should President Trump be reelected, i would imagine more serious discussions with china in terms of that being up the past few weeks, calling for the bottom of the Global Economic growth moving on. Prosecutors in california are probing into juul. Unclear, juul has yet to comment. Fda probe cover marketing as well juul has said it never marketed to teenagers because we all know adults love cotton candy flavored cigarettes. Illinois is planning a ban, new jersey cnbc found these juul ads in the front page of the wall street journal reading this 18yearold it is so frightening so frightening. I dont understand what we are talking about. This vapingrelated lung illness. Do you know, the fda approved this but it wasnt approved as a cigarette substitute what was it approved for it clearly was marketed as a cigarette substitute it seems like there are some Serious Health considerations notwithstanding the fact that it was clearly marketed towards children in my opinion i do not know the answer. We should get scott back isnt it great hes a doctor too. A good idea. Right . For the head of the fda. We have an update now wework, a report saying this morning, companys cofounder and ceo has started talks of his future role and giving uptightle as chief investor. No certainty we should say he will do so at all. New york post goes into more detail with a different take saying neumann is facing option from three of the seven supervisors. Suggesting that this is his view he believes there are three people on the board ghens hi against him. Business insider reporting that neumann met with jp morgan ceo to talk about the delayed ipo. They are the lead underwriter in all of this. A major financing component to that ipo some tied to personal loans made to neumann if investors are not going to bite on the ipo and thats where we are at. We are not going to give you any additional plan, it is almost irrelevant whether there are three Board Members that support. I agreement if there is some sense getting rid of adam neuman would boost the numbers. It is hard to look at real time events i truly think wework will be seen at the peek there is a lot more skepticism in these companies their view is is, we are going to take adam out bring an outside experienced operator in. Go find a third party new money with the reputation for our plan buys us an additional 12 months for the new company. We are going to do the Main Business maybe thats not a 20 billion business but maybe it is a 10 billion business it may work no one is suggestings it zero. Theyve gone from a zero just suggesting there is a real issue here in my opinion, it doesnt get rid of the underlying problem. The model. It might buy you time. It might be a good strategic decision but im highly skeptical it will restore some of the value lost . The other piece is whether you think this is the bell tolling on this vintage. Once you get that high on the alphabet, series g, the chance of making money is slim. Fall being from grace how would you guess from that chart . Well reveal after the break orlando isnt just the theme park capital of the world, it also has the highest growth in manufacturing jobs in the us. Its a competition for the talent. Employees need more than just a paycheck. You definitely want to take advantage of all the benefits you can get. 2 3 of employees said that the workplace is an important source for personal savings and protection solutions. The workplace should be a source of financial security. Keeping your people happy is what keeps your people. Thats Financial Wellness. Put your employees on a path to Financial Wellness with prudential. My first job is to care for derek. Everything i do is for him. When i moved to this apartment after six months, we need to connect with the world. I use the internet to keep him in the language, because thats the way to connect to my familys traditions. He has to know where he comes from. We need internet essentials. Theres no excuse to not get connected. Welcome back to squawk box. A couple of stocks to watch. Netflix has given up awful their 2019 gain. Slipping into negative place since 2016 socalled faang stock up 46 at its peek before streaming competition began weighing in on that stock you could show disney here or comcast. You have a choice disney or comcast. You are showing you would not. You did disney for a reason. I believe the disney plus service is the reason for the true gains you are seeing in disney stock theres your point. Im not sure look at whats on the screen. Just keep talking about there is the screen i appreciate that all right you like disneyland more than universal . Do you like butter beer . I have not. It is on my schedule its like a milk shake. Comcast again you are mansplaining to me even though im not a woman. You are condescendingly explaining things to me again. Lets talk Lockheed Martin with a 4. 6 billion Nasa Moon Missions lockheed stocks are up 48 do you feel any shed for netflix . I try not to feel for any. Even for netflix. I know you. I want the real sorkin here. Cord cutting how much was that deal work . 50 or 60. Tens of millions enough to buy a place right very successful. In this case, we are not impugning anyones success for 18 million. Joining us now to talk Market Strategy if i wanted to be a bond investor, you give me nothing. I think you should go into equities and chief Investment Officer and our guest host returning to what i was saying there are no coupons anywhere. Is there anything to do in this space to minimize your equity exposure how do you diversify with fixed income now it is a really difficult position we are saying you need to be within equities. Looking at defensive stocks and look mainly on the caps. It is domestically focused and get around some of the trade sanction issues. Jason has a barbell approach. Im not as determine istic. To get out of this, until then, im not that different than you. We are overweight staples on one side and tech on the other which move towards value is a little premature it is hard to see that until after europe and other industrialized countries adopt or embrace the playbook. I dont let anyone say cautionly or optimistic ly because it is so cliche. I dont feel oddly in the consensus. Number one, we prefer cash to the fixed income because you are getting some what of a yield on cash cash is the preferred decision for straight up best defense options. Aside from that, maintain your equity decision. Wellbelow 50 still if you are going to be doing that, you have to find ways of being defensive. You dont want to blindly build that in. I would say Consumer Staples probably falls into that camp. If you look into that infrastructure, kind of an interesting space. Stable cash flows and earnings nice stable businesses we look at sharp ways to do that a little dip into small cap and value. Maybe weve seen the trough, bouncing off the bottom or have we started moving higher in terms of growth . I think the trough is still to come but approaching soon wi with regards to where you allocate as long as you dont see recession as your main scenario, you remain vested. Looking at higher qualities. If we think there is a trough coming, you need exposer to some we should outperform megacaps where youll get some of that domestic exposure. You are taking a risky bet that the environment will get worse sulgti sul suggesting for the u. S. Economy there is a trough approaching. So rates instead of fixed income or bonds . Yes we think there is still more traction due there jason two jasons. Sorry, you are the jason that is leaving. Nice to be on coming up, a sneak peek of jim cramers interview with bob iger so much more and even a potential merger with april ple coming up. Evolve taking place today in chicago. All of that coming up in the 8 00 hour. Returning after this thats what happens in golf nothiand in life. Ily. Im very fortunate i can lean on people, and that for me is what teamwork is all about. You cant do everything yourself. You need someone to guide you and help you make those tough decisions, thats Morgan Stanley. Theyre industry leaders, but the most important thing is they want to do it the right way. Im really excited to be part of the Morgan Stanley team. Im justin rose. We are Morgan Stanley. A new kind of credit card. Created by apple, not a bank. With a better way to track where you spend. A new level of privacy and security. Daily cash you get back every day. And no fees. Not even hidden ones. Oh, and if you happen to be somewhere that doesnt accept apple pay yet, theres this. Nice. Tv aas many safety features powas the rx, the new. The lexus rx has met its match. If theyre talking about you. You must be doing something right. Experience the style, craftsmanship, and technology that have made the rx the leading luxury suv of all time. Lease the 2019 rx 350 for 399 a month for 36 months. Experience amazing at your lexus dealer. Time for the executive edge we have an interview for you disney ceo bob iger. Airing tonight we got a sneak peek. You got to see this. A candid conversation about steve jobs, b the purchase of pixar and the prospects of a disney app disney apple merger. We never talked about a merger he loved disney. He said liberal arts and technology, thats what pixar was. I mused from the book. Now steve is gone eight years. Had he lived, i think there is a good chance we would have talked about being one company. That interview airs tonight at 6 00 on mad money still a hand so many man there. Does not age. Those two like on top of a wedding cake he would be 68 now. 68 years young hes into a versa climber like cryogenics its like a rower meet weights. Hes on a minute and a half and i start crying more coming up next. Through the at t network, edgetoedge intelligence gives you the power to see every corner of your growing business. From finding out whats selling best. To managing your fleet. To collaborating remotely with your teams. Giving you a nice big edge over your competition. Thats the power of edgetoedge intelligence. Announcer welcome back you are watching squawk box live from the Nasdaq Marketsite in times square. Good morning. Lets show you whats on the planner. A couple of big things happening. Addressing the United NationsGeneral Assembly this morning. White house has not yet released specifics but the president is expected to discuss tensions with iran and the china trade war. If you happen to be on the east side of manhattan today, dont be separately, on the data front. Well get the latest read on home prices, Consumer Confidence numbers for september. That will happen at 10 00. A quick look at u. S. Equity fewers futures up s p up about 12 points now facebook looking at braincomputing startups that would allow humans to use their brains to control computers. That is down the road a bit. Pretty blunt force the amount of knowledge we have specifically the only question i have this morning, when chris hughes sees an acquisition on this, is everyone going to turn back and say, we shouldnt allow this this is such an early thing but by the way, when people thought instagram. No. Computing with your brain . I want to hook it up to dogs like, im hungry ive seen this Technology Live it is amazing. What can you do you could have your hand like this like a fix and think about moving your fingers and type you could play a video game by thinking about it. You can get a movie right on your iphone. You think of what your hand is supposed to do. You cant type, can you ive seen it done ive been to demonstrations. These guys we got a lot more on the show. Meet your match. Brands like okay cupid, plenty of fish and tinder pushing into the world market expanding the world of dating. And Chris Christie will join us to talk oil, trade and the economy. Stay tuned you are watching squawk box on cnbc did Health Insurance pay for everything . No, we still have bills. Aflac gives you money directly to help with those. Aflac and your deductibles, knee brace, whatever you choose. Aflac sounds like a winner. Umhum. Umhum. We try. Get help with expenses Health Insurance doesnt cover. Get to know us at. Duck aflac dot com welcome back to squawk box. She is in charge of groups lima. Shares are up 150 since she took the helm. This stock is up big lets talk about international expansion. You think about what is happening now in the borld worlf dating in the u. S. , 40 of relationships come from dating apps and internationally, people are picking their own mates rather than parents choosing where does this look like u. S. And europe are similar about 40 of relationships are starting here. International markets in india, south korea, japan, indonesia. There is low usage and real opportunity to grow. Are there Companies Already in place . There are we bought a business a couple of years ago called pairs in japan. Tinder is the Fastest Growing app and highest generating in places like india. Our goal is to make sure we are ready to create products and when people are ready to turn to these apps, we are there how is it different really different. In asia, there is more of a new ans and alibi, you want to meet friends to go out and do things in common. Here, we tend to be more overt thinking about places like india. Im married to a south indian guy. We are the first in his family to not have an arranged marriage the next generation, will be completely their own choice. In japan, people like to date people dont know know so if it doesnt work out, it doesnt impact their friendships overt question to ask, are certain of your services set up