Report from the region is next apple trying to lift the curtain on new gadgets a new phone not likely will anybody care . This is Worldwide Exchange on tuesday, september 15. A nice segment of music coming up later in the program by the way, good morning, good afternoon and good evening wherever you may be watching good to have you back with us. Global markets are stepping up this day solidly in the green the major average back yesterday after the s p 500 posted its worst week since june and the nasdaq the best week since march. The nasdaq back above 11,000 but still about 1,000 points away from that high of september 2. Small but mighty do not forget about the small cap stocks the russell 2000 posting the best day since july 15 small caps have been outperforming. Dont forget about the bond market either. The federal resofr and a new inflation framework in place talk of lower rates stronger the continuing note is stuck there for months around the world, a mixed session in asia overnight. Europe are just getting warmed up as well they are not getting any clear direction in the world all three are higher in europe but the gains are very small look at the dax at. 1 more developments in the tiktok saga as the sale deadline closes in we have more on that in your top tuesday story. Great to see you great to see you, brian lets start with the news on tiktok the Treasury Department says they will review the agreement between oracle and others with the aim of avoiding a ban on the videosharing app. This comes after oracle beat out microsoft to address the Trump Administration concern that the app possesses a risk looking at shares of nicola after the sec reportedly investigating the company from allegations from one wall Street Investment firm that it deceived investors. Saying, quote, on september 11, nicolas Legal Counsel proactively contacted and briefed the report pertaining to the hinn den berg report the research has called nicola an intricate fraud that overstated the capabilities of the early test trucks. They have a strong position and stand to benefit if shares fall. Citigroup is resuming job cuts ending an early pledge and citi joins rivals likes wells fargo in the job cuts removing more than 1 of the global work force. Down 1 year to date back to you. A lot of news around citigroup as well in the last couple of sessions ceo departing. Well see you and are you ready for trending i have a surprise for you. So ready. I will look for it. Bring it. Lets get back now to the broader markets and what may be behind the wild volatility weve seen recently. Our next guest, he has a column out over the weekend called the wildly popular trades behind the markets swun and surge. He says stocks are all about options right now. Wall street journal, greg. It is a pleasure to have you back on. Last week, we introduced viewers to the term gamma squeeze and talked about the mechanisms. When you posted the size and volume of options activity, even i got nervous. What can you tell us about how Retail Investors are really gambling sure. Historically, the average retail investor, one getting into the market played stocks individual shares increase to options, which are potentially much riskier and much more sophisticated investment and sticking on options. Increasingly sitting to investors. Weve written on soft bank and the others in our case, it is not just soft bank, 120 of all share purchases will share on options. Not much option going on in the single stock option world where we have seen before. A lot to unpack there, first off, there have been the creation of weakly expiring single Stock Options they used to be only monthly now weekly, so i expect that plays into volume. If i say, you want to sell me a car, im going to pay you 1. 2 times the value. Should the theory of options be more than the stocks because there is not enough asset to cover the trades yes i dont want to make any direct comparison you saw that in the financial crisis where they the contracts and they were much higher than the underlying what is important, you get all the stock option trading in buying and selling, the banks, the dealers that have to sell this stuff they do respond by buying more of these shares. Lets say you and i buy the options for the dealer they dont want to get caught short. So they buy the underlying shares they add we suggest this is the only reason markets go higher and fell again a big part of it is the addon affect to hedge themselves you dont have to say it, i will ive talked to a lot of traders that say, that is a big reason many of these big sttech stocks continue to go up. Not only are the etfs buying these but now the options traders are playing these stocks the dangerous options. I know you say if i buy it from you, there are two people, could you sell it to me. Someone active on this other side as we found out this week, that could go poorly really quickly what is interesting, if you are an individual investor, you start to play options. Ive got two young sons who have done a little bit of dabbling to their fathers dismay, you are going up against some of the big boys the citedels of the world not to say that individuals cant win out. Frankly, theyve done pretty well on some of these big tech stocks done as well. Hold on, you buried the lead. You just finished the book on jim simons, the man who solved the market i urge everybody to read that. You are writing this article and your own children are the problem. They are contributing to the volatility when you sit around the table and you say dont do it, what do you say . They listen to their peers more than their father anyway. If they make money, fine they are not playing with a lot of money but it is a lesson they are already getting a little concerned one reason they got concerned is i informed them there are taxes one needs to pay if one makes money trading stocks, which floored them there is an education process going on in our home there are taxes and they shall be paid. Great article. Maybe ill repost it this afternoon. Watch out for your kids. They dont listen to me either buts that fine now to a developing story we continue to watch in the gulf of mexico one i hate to talk about again another hurricane baring on the people there Hurricane Sally now a hurricane 2 storm. Packing winds up to 110 miles an hour and closing in on category 3 status they just cant get a break down there. Jay gray there with more i love seeing you on the show but i hate for the reasons youve been on, which has been storm after storm. Reporter no, brian you are absolutely right it is going to be another rough one here continues in mobil, not that bad. Mobil bay is calm at this point. Thats all going to change dramatically over the next 24 to 36 hours as sally moves in a warning shot rain and gusting winds as sally stocks the gulf coast. The storm intensifying threatening the area from louisiana to the florida panhandle. Pushing thousands into the strike zone. To prepare, stocking up. Water and it might flood, lights might go out. Sally, one of five tropical cyclones in the atlantic right now, which has only been that crowded one time since scientists have tracked storms the slow pace is a concern well have a ton of rain and we have to deal with storm surge. Water likely pushing into areas it is not supposed to be and staying for a while. That water may be sallys most dangerous weapon forecasters predicting a surge in areas of a foot and a half or more you know, jay, while the winds may be fast. One thing about this, the slow movement of the storm as a whole. How much is that playing in the problems and what that might expect a huge issue and really why this water is going to be so rough. We had laura a few weeks ago got in and got out that wind a lot of the damage here the wind will shift and continue to dump that rain. The National Hurricane center with the latest report saying we could see catastrophic and historic flooding over the next several days jay, some of the Oil Refineries had just been shut down many of them are taking the workers back off you were down there. The damage and flooding from laura is not even gone yet there is still a lot of people that dont have power. We are three weeks into this only one other time weve had five cyclones in those waters. At some point, the region gets storm fatigue and a lot of people really worry about what is going to happen as we go forward. These are not the kind of records we want to be breaking jay gray and the folks down there, take care when we come back, the one company that could unseat amazon as the top dog in e commerce no new phone no one cares maybe not. The latest on apples new Product Launch today later, meet the mets, buy the mets the bidding war that puts the oracle tiktok deal in the dust as the mets get a new owner. Worldwide exchange rolls on after this so youre a small business, or a big one. You were thriving, flourishing, but then. Oh. Ah. Okay. Time to think, plan, pivot. How do you bounce back . You dont, you bounce forward, with powerful connectivity. Serious and reliable internet that lets you go bigger and better, with more sharing, more making. Whoa. More that. More talking. The entire time, you got this okay, less talking and more doing. All driven by the largest gig Speed Network in america. And even if the power goes down, your connection doesnt. But what if no ones in the office . Bring the office to them. But is it secure . Sure its secure. Okay, sounds great. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Video games, real estate and retail wars. Let us begin with sony a report they are cutting targets for the playstation 5. Apparently due to the consoles customizable semiconductor len lennar shares are down 2. 5 saying the average sales price is flat from a year ago and expected to decline. Housing is expected to cool off. Walmarts new Program Launches today. Walmart plus, their version of amazon prime costs 98 a year. Including unlimited free delivery on orders over 35. Members can pay with their phone and skip the checkout line at the stores watch out amazon still on deck, has the pandemic and lockdowns got you concerned. Pepsi, the drink for inso many knee 5 0s. What they are throwing in the soda, next announcer todays big number, 800,000 thats how much tiktoks Parent Company spent on lobbying in the first half of 2020 as government officials considered banning the app over National Security concerns almosthr tee times the lobbying spend for all of 2019. Yup and thats faster . Faster, yea but is it reliable . Ah huh and secure you should consider making a big deal about it bigger . I said bigger oh, bigbigger deal bigger than what im doing . Its not complicated. A 5g Network Needs a 5g device. Now everyone including existing customers can get a free Samsung Galaxy note20 after tradein. Look limu someone out there needs help customizing their Car Insurance with liberty mutual, so they only pay for what they need. False alarm. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. I keep working my way back to you, babe with a burning love inside yeah im working my way back to you, babe and the happiness that died i let it get away servicenow. The smarter way to workflow. Welcome back as the morning goes on, stock futures go up. Opening up 150 points higher watching that higher across the board. It looks like a lot of green on the screen today lets get a check of some of your dow premarket gainers. Sal sa saleforce locking strong well go to philip mena with more crews are still struggling to get a handle on the wildfires wreaking havoc on the west coast. At least 35 people have died and that number will likely rise as the difficult search for the missing continues. The fires have destroyed thousands of homes and torched over a million acres more fall outin roch chester new york, over the death of daniel prude addition to requesting a federal investigation into prudes death back in march. The new york mets are shaking up their ownership investor steve cohen has agreed to buy the team for 2. 4 million he will be the second richest only behind only Los Angeles Clippers steve balmer. Back to you. I was going to ask you as a trivia question if you could identify any owner than him richer hes going to be richer than 10 baseball owners combined or balmer has at least three or four times the amount i think balmer is probably richer than all the baseball owners or all the sports owners combined because of the microsoft stock. Thank you, philip mena. Straight ahead, why one rapid test used in Nursing Homes getting attention of federal authorities but not in a good way. Taking on mcdonalds and the allday breakfast game the first to launch cinnamon themes breakfast treats. We are back after this the big events are back. Xfinity is your home for the return of live sports. There were tsunamis fourtin the world. And once they happened, we were in a major hurry to get to those regions to provide aid and support. It was very humbling to be able to help out all those people. Its my dream now to go into clean energy and whatever the next new fuel source is, thats where i want to be. I want to be on the front lines of implementation. Tuesday may be the worst day of the week. Futures are looking to go higher today and add on to yesterdays gains. If it is just a watch, will you watch. Apple set to launch new products but a new phone unlikely cinnabon finding ways to ruin your diets on this tuesday, september 15, this is Worldwide Exchange right here on cnbc okay. This is weird. I had no idea they were going to play that song i do not know what songs they are going to play. I know it is because of the cinnebon story we have a story coming up about vinyl. The first song on the first side from neil young is cinnamon girl. Boom im done futures are higher we are seeing a gain of 161 points coming as broad gains yesterday giving everybody a reason to slulg off losses the nasdaq had its worst week since march. Indicating more of the big tech and what else, big tech. A focus on the nasdaq. Above 11,000 again maybe 9. 5 from the alltime highs. Dont forget about the stocks. The russell 2000 has been outperforming and posting on the best day the gain of 2. 5 on monday so watch the russell and the small cap and a rotation to more value stock. Watching the bond market for a reason they arent doing enough we havent talked about them a lot. The first one that begins with the new inflation. You had a mixed session in asia overnight, you had two markets up one of the major markets no big gains but they are in the green. To the latest on the on going outbreak and concerns over one virus test that and other top stories reportedly investigating reports of false positive covid19 results the company is specifically looking at the rapid test machines provided by the federal government to Nursing Homes. A trade Group Representing homes has heard from roughly a dozen of the facilities claiming theyve seen significant number of false positives regulators are demanding for citi group also reporting that office of the comp troller of the currency and Federal Reserve are reportedly to push the bank to fix its risk systems the journal adds that the move accelerates the chief executives forced retirement. He felt the reserves were best left in the hands of his successor. Sfl. Hurricane sally is slowly moving towards the coast forecast to bring in intense rains and storm urge to louisiana, mississippi and alabama. The gulf coast has seen big storm after big storm. As we track that storm, we are also tracking oil prices youve got conflicting things pushing and pulling on either side you see that wti crude is up Hurricane Sally forcing Oil Production in the gulf off line. They just had the workers back on and now they are taking them back off the gulf represents 16 to 18 of Oil Production the International Agency cutting Oil Demand Forecast taking it down to 91. 7 Million Barrels a day that marks a reduction of 8. 4 million year over year and that is a loyal more than the previous prediction they had demand growth has been sluggish as the world has been slower than expected to come out of the pandemicladen fog coming up, call it calm in a can, if you will the new product from pepsi they want to help you unwind and not jack you up. Other top stories, fintech startup valuation has more than doubled. Climbing to more than 10. 5 million. The swedish online firm raised in a round led by silver lake partners, black rock and others. The ceo will join us exclusively tomorrow morning live. He used to work at burger king now hes worth a couple of billion. Snowflake raised the price of its ipo. Thats a Cloud Computing company. Amazon has hired a former uber manager to lead its e bike team in new york city. Looking that they may be looking at bike delivery as a way to speed up package deliveries. Well be right back after this at cdw, we get that employees working from the road are a major security concern. Cdw can assess your needs, then design and implement a secure Mobility Solution using the hp elitebook powered by intel 8th generation core processors. The hp elitebook features groundbreaking builtin security, like sure view to thwart visual hacking and cdw configures them to your companys specs. For mobile security, you need hp and it orchestration by cdw. [intel jingle] the greatout doors facebook expands and the mall will be closing in 10 minutes, so get out starting now with camping world. The rv retailer raising the outlook for next year and plans to launch a new peertopeer rental Program Facebook is buying reis new headquarters near seattle for 370 million rei never even got to move in to the space. The pandemic skutled those plans. Looking to cash out with most employees working remotely Simon Property group says the malls will be closed on thanksgiving day and will be open on what was