Ready to trade today still feeling the burn from the pandemic, disney announcing a huge new round of layoffs hitting some 30,000 employees. And the path forward for new york city as Indoor Dining begins today september 30, 2020 you are watching Worldwide Exchange on cnbc. Good morning, im dominic chu kicking off the Third Quarter of trading take a look at whats happened over the last 12 hours the dow indicating 150 points to the down side. The key to watch here down 83 implied at the opening bell. Take a look at whats happening here with the overall futures picture. As weve seen, we are just off the lows here. We did get the green a little overnight. Hit the lows here about 2 00 a. M. Eastern time. That was coming off another downed day for stocks. Major averages snapping threeday win streaks. They are set to close down for the First Time Since march the one stand out is the transportation industry. Dow transports, some look at that as a possible leading indicator for the overall economy. For the quarter. Up 23 on pace for the best quarterly performance since 1989 it has been a while since we put dow transports in that positive a light. More after a 3 loss yesterday on track to end the month down 8 crude prices down for u. S. Benchmark wti crude. Around the world ending the month on a mixed note despite closing higher on the day. The nikkei off 1. 5 as well. Red arrows in europe too the cac in france off about onethird of 1 . Germanys dax lower for september but higher by 4 over the past three months. Back home, more rough news for nearly 30,000 theme park workers at disney. Good morning sad times in the magic kingdoms disney will layoff nearly 30,000 employees where theyve been hammered by the pandemic especially in california two thirds will be part time employees. Parks unit chairman said the move is, quote, heartbreaking. Adding that management tried avoid layoffs cutting spending they had cut several thousand. Shares off more than 2. 5 . It is deadline day for the u. S. Airlines and roughly 40,000 industry workers whose jobs hang in the balance. At midnight tonight, the support expires. Airlines are in a full court press to persuade congress for a bailout that would protect jobs for another six months at least. The u. S. Justice department expected to sue alphabets google urging the state attorneys general to sign on to the lawsuit that will accuse google looking to disadvantage Companies Like microsoft with the data needed to advertise to people the Justice Department declined to comment on the report well have to wait more than that not very happy headlines today not at all. Always in the crosshairs as well bertha, well see you later on to the campaign trail and a night of what many are calling chaos. President trump and former Vice President joe biden went head to head the two spend the better part of the debate talking over each other, cutting each other off and making personal attacks and giving the moderator a run for his money trying to make sense of order you have promised to repeal and replace obama care but you have never in these four years to come up with a plan, a comprehensive plan of course i have i will try to give you an opportunity excuse me sir let me ask my question ill ask joe. No. Mr. President we will protect people im the moderator of this debate i would like you to let me ask my question and then you can answer nbcs tracie potts with us. Im sure for Many Americans it felt like fingernails on a chalk board with the talking over each other. How does it feel the day after kind of the same. This was tough to watch. If you went into this debate looking for substance on some of the issues, it was hard to find. Can i be honest try to be honest. An absolute free for all at times. 90 minutes of constant interruptions with fox news moderator losing control gentleman, i hate to raise my voice but why should i be different between the two of you. The two often combative dont ever use the word smart with me. Give me a break the president went after bidens son hunter he was thrown out for cocaine use. He didnt have a job until you became Vice President. Devoefled into a hashtag. Will you shut up, man shut up man on twitter now. You are the worst president america has ever had in 47 months, ive done more than youve done in 47 years trying to draw out differences. I paid 38 million in one year i paid 37 million show us your tax returns. Youll see it when it is finished the president calling out white supremacist groups what do you want to call him. Biden trying to distance himself from the left in a debate that struggled for substance. Then there was an important moment at the end of the debate when both candidates were asked, will you accept the Election Results . Biden said, yes trump said if i see fake ballots or ballots being tampered with, no thank you for that update more on the Market Reactions and what weve heard and saw last night, with el come to our cnbc contributor. Jeff, im at a loss forewords. Ive never seen anything like it in a president ial debate is there a Market Impact i look at the futures over the past 12 hours. There was movement it is hard to pin it in the debate and the severity in the moves relating to it we are all shaking our heads. With a football statement, 11 guys on offense and defense and they are still laying on the turf the takeaway for investors is the fact that the biggest nugget we want to take away is that this is not going to be over on the typical first tuesday of november like it is every four years. When we figure out there is going to be postage stamps that is the acute reaction but remember, a lot of the noise is anticipated we have 35 days of a lot more noise. This last day of september 30 is more important that will trump, if you will, what we saw last night interesting to see the market when apple tested its average took it back thats the leadership that will close the end of the Third Quarter and lastly q 4 that leadership we saw in 2020 in tech will provide leadership once we get past this. Well not see this end that is the biggest take away, dom. November 3 is the key here. We know the election is a catalyst it is a point in time to benchmark against how much the actual debate in congress will point out how much is in a relief package how much is that concerned about the election at this stage right now . That hit the biggest point. Amplified 100 we are looking for this 2. 2 tril your honor stimulus package. That carries a lot more weight well have expectations of a similar free for all in the second and third debates mnuchin and pelosi have an opportunity to unite the country in the wake of disney, well have more unfortunate news of layoffs. Thats why that stimulus package is so important going forward. How are you going to approach the next four to six weeks with positioning and trading activity are you going to be doing a lot or a little . It is the time to be dynamic and active thats the theme in 2020 sitting and being inactive has take its time. Saying away from sectors with weakness look how weak the sectors are, how weak sectors like energy are. We get excited about transportation and Home Builders we dont shy away from big tech. Well reduce exposure from the big tech but we are excited about software itv, esg now more than ever, you have to understand what you have exposure to. If we do get this stimulus package, this optimism and bullishness will continue. The trajectory despite all the noise is that the markets are moving higher. When we come back, why General Motors says it is sticking by nikola and why shares of regeneron are surging this morning later on, a firsthand look at Indoor Dining in the big apple we speak with one Restaurant Owner with a lot on the line welcome back lets get a check on some of the stocks on the move today general motor says it is continuing their discussion with nikola when the deal was announced, nikola expected it to close before september 30. Since then, the founder resigned after the company accused of fraud. Nikola denied allegations. You can see general motor shares up, nikola down. Regeneron drug helps threat covid19 in early stages preliminary results could produce an eua from the fda that may allow the drug to be prescribed the companys cofounder and chief scientific officer will join squawk box this morning at 7 20 a. M. Eastern time. Micron expects to see significant sales hit this quarter d quarter primarily due to shipments to huawei. Shares off 4. 5 premarket still on deck, the nearly 20 year wait is over on wall street as the once secret palantir takes off today. Well speak to one investor. Welcome back to Worldwide Exchange. Indoor dining is resuming in new york city today. The move comes more than six months after the eateries were forced to shut down. Many were forced to shift their entire Business Models many with Outdoor Dining and Indoor Dining set at 25 these places are facing their make or break moments. With our guest, flip siggy a filipino taqueria, are you optimistic about the given restraints with my restaurants, 25 capacity means two or three people the amount of labor it will take and costs sand safety of the staff and guests it is going to create more of a headache that is a good point here most restaurants arent these massive operations many of them are smaller businesses like yours. Do you feel your sentiments echo the other small purchase Business Owners in new york city right now . Without adoubt. So effectively to pay rent and cover costs. I know there is not a lot of clarity. You have been able to cope relatively well given take ouour dining out type business weve exceeded a little because of a fast casual, weve been able to do more business and have more seating outside. Before we had about 12 seats, now we have 32 outside we have been fortunate but not a lot of restaurants have that ability what exactly can you tell diners or potential diners in america about whether it is safe to go and eat at restaurants again. I can say with confidence that we are doing everything we can to make a livelihood which means being as safe as possible for guests and employees i would say most restaurants are doing everything they can for us to open up and start back to business the Restaurant Industry is really hurting right now before we leave, what is the one thing youd like to see from new york state and the Governors Office to help Restaurant Owners out here there needs to be more clarity and some kind of level ahead of compliance with who is governing what body. From the department of health, sla, fire, each agency polices differently. Id like a blanket statement on how we could do this and move Forward Together jordan, thank you for joining us we appreciate it thanks for having me. A wild night in cleveland. After the first 2020 president ial debate, the key investor take aways. A programming note, the news with j with Shepard Smith premiers tonight. 7 00 p. M. On cnbc. You can go your own way go your own way your wireless. Your rules. Only Xfinity Mobile lets you choose shared data, unlimited or a mix of each. And switch anytime so you only pay for the data you need. Switch and save up to 400 a year on your wireless bill. With the carrier rated 1 in customer satisfaction. Call, click, or visit your local xfinity store today. Stocks losing streaks set to continue with futures suggesting a negative finish for the month of september chaos in cleveland with a faceoff in the first debate. He graduated either the lowest or almost lowest in the class, dont ever use the word smart with me. Give me a break there is nothing smart about you, joe 47 years youve done nothing you are the worst president american has ever had. The question is will you shut up, man and that was tame we look at the takeaways and palantir set to make its public trading debut. Wednesday, september 30, the end of the month you are watching Worldwide Exchange on cnbc. The s p would open lower about 28 the nasdaq down 123. Has been the outperformance and the underperformance or down days coming off another downed day overall. Barring any kind of massive rally today. They are all set to close down for the month. The one stand out is the transportation stocks. The dow is now higher for the month. Also on track for the first six month winning streak since 2013. By the way for the quarter, it is up 23 and going all the way back to 1989 to this mornings top story President Trump and former Vice President joe biden come together for what turned out to be a vicious president ial debate no shortage of insults and clashes. Eamon joins us with more and all the sound. Ie ive never seen or heard anything like it the amount of controversy and name calling was beyond anything ive ever seen nobody in the United States has ever seen anything like this this was by far the nastiest debate in American History the monday taj of insults you just played is 23 seconds. We could have put a half hour version. Thats what this debate was. Each man insulting, embarrassing and trying to box in the other candidate. There is not much actual substance discussed for the few remaining voters trying to make up their mind. Occasionally, they touched on one or two elements of political discourse we are kind of used to joe biden going after donald trump on the issue of health care here is that moment. He hasno plan for health care of course we can. Please. He sends out Wishful Thinking he sends executive orders with no power he hasnt lower drug costs he has none like almost Everything Else he talks about he does not have a plan. For his part, the president trying to pin down joe biden not on the side of Law Enforcement he doesnt have any law will you just. He has no Law Enforcement thats not true what do you have . Name one group that supports you . Go ahead think, we have time. We dont have time to do anything folks. Folks. Name one group that came out to support you gentlemen the viciousness of this debate underscored the tribalism and anger of american politics the question now is will there be two more debates as were scheduled. At least they were standing next to each other the only thing that would have made it more awkward would be to have them on zoom. Stay with us for more, i want to bring in Economic Policy analyst and cnbc contributor and stephanie from aberdeen developments. Stephanie, ill start with you there is a debate whether or not any kind of policies talked about last night will have any baring on the markets going down the line should investors be paying attention to the rhetoric . I think investors should think of last night in two ways. One is what didnt happen and the other is probably the underp underperformance on biden. We know hes held that strong lead the initial polling says that biden won last night i dont know that anybody really thinks there was a true winner the takeaway that President Trump wont commit to a peaceful transition of pow you are. It is not election day it will be election weeks. In that time, expect a lot of noise and a move forward contesting results especially in states where it is tight expect a really uncertain election period. Jimmy, i wonder whether or not the u. S. Economy is being ham strung by what is happening with this debate, the election coming up and negotiations out of congress for a new coronavirus aid package. What is the economy doing if we can get past many of these issues thats a good point one topics last night would have been do we need another fiscal stimulus package and is that going to happen. Asking the candidates what they think and then youd need another one after that what is your exact plan in 2021. I have a pretty good idea what the biden 21 plan is the president has not been clear about his second term agenda all of those things would have been fantastic the best headline the president could have gotten, if you looked at facebook trending or twitter, it would have been all about his economic plans for 21. That is certainly not what happened most wall street firms, their more bullish forecast depended on there being more stimulus maybe that still happens sort of seems unlikely you got no clarity from that debate about that or what the president thinks we need to do for 2021 eamon, i want to turn to you for a moment the notion right now weve seen some recent polling data that suggests the vast majority of americans have already made up their mind with regard to who they are going to vote for with that in mind and the debates looming, should we expect to see any kind of Real Movement what can these candidates say that will change anybodys mind at this stage . Look. It is going to be very tight our polling has shown that joe biden has a lead in all battleground states. Each week, weve issued one of our polls in most states, it is an existing lead you are looking at a couple of key counties inside these battleground states where there might be persuadable voters. This is all about amping the turnout for your side. This wasnt a debate about issues or policies this was a debate about alpha male posturing and dominance behavior and both sides trying to show their base get fired up and get to the polls joe biden had a couple of effective moments where he spoke to the camera and said we need you to get out there and vote. This was a mobilization debate rather than a policy debate. What is the most important thing each candidate can say the week before perfect the election, there will be a gdp report out it will be a massive number. It has to be i would be talking about the economy when that gdp report comes out, it is going to sink with the message that he built