Bond markets awaiting ism services in one hour road map, the trade roller coaster. Stocks look to rebound from a three day slide after that report that trade negotiators are edging closer to a deal. Plus, alphabets shakeup googles founders, larry page and sergey brin both step away from their current official roles, but still control the votes at the overall company. And another setback for boeing, united tapping rival airbus to upgrade its new transatlantic fleets stocks looking to recoup some losses from yesterdays selloffs. Some renewed optimism about u. S. China trade talks. Moments ago the at nato summit in london, the president did say discussions with beijing are going well this comes a day after he said it might be better to wait until after the election to strike a deal another piece this morning is that reuters has Jared Kushner added to the negotiating team having meetings with the chinese ambassador. That would signal more people who are globalists involved. A globalist. But when we every time we make a conversation about this, the chinese move the goal post we dont know why. The more pressure you get on hong kong, thats just a different thing entirely from trade and i think the pla, the army feels very threatened remember, the hardline, they have a hardline and we have a hardline. So i really i dont buy into the president saying things are better i think things are stasis. If they want to roll back tariffs, there will be additional tariffs if the chinese accept there will be a change and make a change to intellectual property and the tariffs are stayed, thats the news im not willing to comment every day on this. Because the president is not changed his view the chinese have to do the ag buy, they got to buy they got to do the ag buy and buy pork, which they need and pay full price. And theyre not. Theyre not playing ball at all. So i think he wants to say nice things, but so the back and forth, going well, not going well, might happen, might not happen. The president xi has to do something. Hes got to not be gentle. I think the pla is getting very nervous about the Pro Democracy MovementNew York Times on the front page, a story about a Million People being in the concentration camp thats not fake news New York Times news. Uighurs, thats a big issue. Is it yeah, my friend kyle bass on earlier on squawk box talking about that for quite some time it has risen to become sort of a broader issue. Did you see the film . Ive seen some of it. Ive seen some of it im aware of the detention facility that they had for some time and the extraordinary means this he they go to monitor that population. The idea theyre using our technology to screen, whoa thats keeping track two tracks here. The political tract and the economic tract we also get to talk about Corporate News this morning. Well get to google obviously given the significant changes there. But expedia just hitting the wires now, guys, as you have seen as well mark oekerstrom and the cfo both out. It is barry diller saying, quoted as saying ultimately Senior Management and the board disagreed on strategy. Expedia embarked on an ambitious plan to bring our brands and Technology Together in a more efficient way. This reorganization while sound in concept resulted in material loss of focus on our Current Operations leading to disappointing Third Quarter results and a lackluster near term outlook the board disagreed with that outlook and the departing leaderships vision for growth strongly believing the company can accelerate growth in 2020. And so that divergence necessitated a change in management very straightforward talk here, the board has said we disagree with you, you are fired. How many quarters can you miss the answer is not many when barry diller runs it 20 million share repurchase. Stock was down 3 nrinitially. The people selling it didnt understand the people running expedia couldnt shoot straight. They had a tremendous lead on everybody. They were doing terrible. Yeah, well, we know the change in the algorithm at google in terms of search and what it meant to them and changes there and it also affected the likes of trip adviser, which we should talk a bit about. I talked to john malone about a couple of weeks ago, and expedia, where diller has all their votes. Malone sold his expedia. But in part for tax reasons. I find this incredible. We have now seen a lot of ceos fired, typically fired for ethical reasons. Here is a guy being fired because he hasnt delivered the numbers. And i think that those who remember the predecessor was doing pretty damm good there. That was interesting. Malone questioned why dara would have left in the first place. Have you ever talked to him about expedia . He had a game plan. Who is run things over there, barry diller, chairman of the board and peter kierenen will manage day to day operations while they determine the longterm leadership for the company. Picking up a bit of gains here theyre going to buy back, purchasing additional shares in the company, tangible sign of my faith in and commitment to expedias longterm barry diller near okerstrom or pickerill are being messengered as spending more time with their family theyre spending more time on the unemployment line. This is really serious. This is a we disagree with your strategy, were disappointed in your execution and youre out. Maybe they can use expedia to go rent a property and they got that division. Maybe take my place in mexico. I listed it with them. I got a housekeeper. Does sound like in addition to the stock repurchase that diller himself is buying shares. Up to an additional 20 million shares, which is in addition to the 9 million that are already available. So now it is 29 million and then as to your point exactly, kyle, diller says ill buy more shares myself. Interesting to see a company underperform and ceo get fired as oppose to blame world trade we didnt hear world trade a brutal day. That day when the stock fell over 20 on the unexpected google, which well be talking about, google is king. Why is the government looking at Google Google changes the algorithm and the Company Loses a huge percent of the value they say why didnt they figure out the google algorithm. It doesnt fit, a lot of people do it now on this, instead of on their it doesnt even fit on your screen. Youre not going to see their stuff because of all the really good point google did it to yelp. Google did to zillow the only thing that google hasnt done it to is your fantasy. And i hope you have shefter tells me im okay. Were going back and forth about whether to play the giants against the eagles. The trade works both ways when you want to be curated the right way, it grows the business i wouldnter whether go wondh founders moving away, will google be more aggressive or buy back shock and reward shareholders if you listen to the Conference Call, you havent heard the founders talk in ages. No. Speaking of changes, sundar pichai, ceo of google and alphabet in his post page and brin write with alphabet established and google and other bets operating as effective companies, it is the natural time to simplify our Management Structure we have never been ones to hold on to management roles when we think there is a better way to run the company. And google and alphabet no longer needs two ceos and a president. There is question about brins management style, the day they were thinking to bayuy youtube d jumps on a exercise bike and works up a sweat. Pichai has been running the calls and pichai runs the call for a little bit and then porat runs it for a little bit i said porat, not borat. I think the investor takeaway here may be more positive than one would think because this is the take i got from somebody who owns the stock a couple of people this morning. It is good you know why larry has been overseeing this moon shots, the other bets, waymo, the drones, loom. And maybe this means that theyre going to pull it in a little bit 15 billion so far on these things, or depends how you want to measure the numbers over what period of time but we dont know exactly how much money they have been losing on them. Will it result in a little more discipline the point you made many times, now the guys are no longer in those roles, overseeing other bets. I want a piece of will we get a youtube breakout of actual numbers on youtube because apparently there was an argument made as to why they couldnt, they reported different ways and the ceo didnt need it and why would you . I dont know im not sure i follow. But thats also people wonder if well see more transparency. Thomas kieren, once known as darth vader, now lebron james of the google cloud, this man is such a force that he is recruiting all of the good people for Cloud Services that are available. Hes making major push i want to start seeing something about that waymo, notice i dont know, last night a call about nvidia. No one is talking about they dropped out. The healthcare option, again and again i hear positive things, but who knows . They got two Healthcare Companies go on there. The place is the other bets, you know, they have not beaten the spread in ages right. So you think this might lead to a valuation that is a little more competitive. Thats what i think not that the stock has done badly, but, geez, you speak with the healthcare business, there are two competing healthcare businesses you talk about waymo, you realize they have been deemphasis of that because autonomous has been dropped off the face of the earth. But when i look at youtube and look at this google Cloud Services, they are way behind. Theyre way behind Amazon Web Services great meeting yesterday. How well theyre doing azure, obviously, no doubt about it that azure is a huge, huge winner but thomas kieren, remember that name if i were Satya Nadella at microsoft, i would say how did kieren get that job . He came from oracle. Hes on fire and hes saying ill be your partner, ill be your enemy, frenemy, but kieren is not talked about enough. That is the name to know now that these two gentlemen are stepping aside the first time i think you mentioned him. Oh, yeah. Hes a heavyweight you spend time with him, you realize, well, you didnt do enough homework. I did three hours of homework, i got pantsed. I keep hearing the stat, 85 or more percent of is on premise still in terms of Computing Power and 15 is on the cloud 85 is on premise. The opportunity oracle. Opportunity is gigantic. Digitization that marc benioff talked about last night, it is in its infancy you cant believe it is in its infancy. This is green field everywhere because there has been so little movement, because so many people are stuck on premise, they still have this huge costs a fortune to get off of a move to get off of oracle at the street. Com it must have cost us five quarters to migrate from to the web. You got to rib out oracle. A longterm investment play, not just buying potentially microsoft or alphabet or amazon, but what companies are going to suffer as a result of that continued move. Oracle, oracle and oracle okay. Pretty straight. Yeah. Is it oracle . You know what, it is probably oracle. We are going to get to sales force and workday and some other names that made news last night. Cramers mad dash and count down to the opening bell. Keep our eye on trade obviously, headlines, and the nato summit wrapping up. Futures look good here as we try to cap off three Straight Days of losses. Dont go away. At fidelity, online u. S. Stocks and etfs are commissionfree. And when you open a new brokerage account, your cash is automatically invested at a great rate. Thats why fidelity leads the industry in value while our competition continues to talk. Talk, talk while our competition continues to talk. Through the at t network, edgetoedge intelligence gives you the power to see every corner of your growing business. From managing inventory. To detecting and preventing threats. To scaling up your production. Giving you a nice big edge over your competition. Thats the power of edgetoedge intelligence. 13 minutes to go before we get to an opening bell, hump day. Workday also reported along with sales force after the bell the opposite of pichai taking over the Google Alphabet here, Neil Burberry delivers a great quarter, but gives you guidance that jeffries i think correctly calls a head scratcher. Piper says a growth of moderation, bank of america, merrill says conservative guidance i myself was confused. I read the quarter twice neil bushry, an unbelievable job and he talks he brought scout against a company that i had on last night that is a Procurement Company call eed kupa and i came away saying, wait a second, is this all there is has neil lost a step are they not winning big names he is conservative he is a brilliant operator but the Conference Call was not up to a neil bushry snuff. I felt after it that maybe there is maybe more competition in some areas hes in a lot of Companies One of the things that happened, david, take crowd strike, people are going in against them, zscaler, people are going youre now seeing a lot of companies starting to get other companies encroaching. I felt that workday, you didnt hear aboutoracle this time remember it was always in neil bushry against mark hurd. Early on they had the field to themselves, to a certain extent a lot of turf in front of them. Human Capital Management doing well the Financial Capital, i dont know i would like to speak to neil about it i think he was conservative on the Conference Call. I think things are doing better. I think he might be underpromising, overdelivering, but i did not like the call. I didnt like the call i found myself thinking, well, the headlines are better than the call i think neil was off his game. And i think hes fabulous. So i think if there could be a doover, you would give it to them. The stock has not done much need to look at a longterm chart. It has been spectacular yeah. Well talk about sales forces earnings as well jim has a lot to say there and other stories were watching for you as we get ready for that opening bell ten minutes from now a lot more squawk on the street right after this vo the flock blindly falls into formation. Flying south for the winter. They never stray from their predetermined path. But this season, a more thrilling journey is calling. Defy the laws of human nature. At the season of audi sales event. Coming off three Straight Days of losses for all the major indices and trying to avoid a decline today, which would make it the longest losing streak in about four months. Futures look good, though. Opening bell at eight minutes. Danafarber Cancer Institute discovered the pdl1 pathway. Pdl1. They changed how the world fights cancer. Blocking the pdl1 protein, lets the immune system attack, attack, attack cancer. Pdl1 transformed, revolutionized, immunotherapy. Pdl1 saved my life. Saved my life. Saved my life. What we do here at danafaber, changes lives everywhere. Everywhere. Everywhere. Everywhere. Everywhere. Nice rock. Its time to drop gold. Go digital. Go grayscale. Youre watching cnbcs squawk on the street live from the Financial Capital of the world. The opening bell in five minutes on this very busy wednesday. We have covered some of the trade news and some Corporate News this morning. Datawise, interesting overnight. Some of the Market Services pmis come in. Eurozone, 51. 9 not too bad. Adp is sort of the surprise. Thats what we have to watch. The twothirds of the economy is service the reason thats so good is employment cant lose that. I found the number surprising. As long as you have good employment, were going to continue with the market that is not going to be as concerned about some of these chinese names with the exception of apple. Thats the im not going to present that as being something up 16,000 in november over 121 in october. Lowest number since may Second Lowest report since 2010 and mark zandi, who has been id say arguably net bearish on the economy says the job market is, quote, losing its shine. Well see what friday brings october adp was 121. I dont know. You got to go to marnie mussy who would say, the numbers arent that good, we cant find workers. You cant find workers, youre finding workers that are in places where, for instance, lots of people incarcerated come out, for cannabis, theyre hired. Im not buying into the things are getting weaker im buying into the idea, lets be careful we need to see a steady increase in order to be able to avoid the real slowdown in the commerce that we do well economy and thats retail and housing. Sure. Thats what im worried about. Well get that number. Not overly worried. Doesnt make sense it is too early. All right sales force, of course, down despite better than expected numbers last night driven by the cloud. Company says it expects revenue to double in five years, last night on mad money, keith block talked to jim about innovation, the company sees as key to its growth. Been talking about the customer 360 and the importance of providing that 360 that Single Source of truth, which has been the holy grail in our entire industry. We have been talking about this for 30 plus years. And now sales force is in a position to do this. Nobody else in the industry can do this. Only sales force able to do that thats why companies are coming back to sales force, they want to our advice, they want us to play that role of trusted advisers to ceos and Senior Executives you said yesterday bar was high to move the stock. The stock has run up big. The whole group is coming down people want more earnings these days you heard them say the word truth. They said it over and over again. What is that about about two things one is they got this way to be able to make it so they want all of y