Well find out why and consider your free trial expired. At netflix rolls out a new membership playbook on this wednesday, october 14th. And this is Worldwide Exchange. Just remember it is not the eagles, it is just eagles. Random but interesting good morning and welcome from wherever in the world you may be watching good to be back with you on this wednesday morning. Here is your wednesday set up futures are up higher. The big options represented stock moves the sgam ma, a pret october. Russell 2000 up nearly 9 , the nasdaq up nearly 6 . And your headlines will be a bonanza of Bank Earnings bank of america, wells fargo, pnc and u. S. Bancorp all out today. But these stocks largely cannot get out of their own way and bank stocks again getting it on yesterday many falling more. And outside of that, here is a little wednesday mystery chart for you. Can you name the best performing s p 500 stock this month can you . Well, the answer is coming up a bit later on in the show sorry, it is calmled tease. Lets go around the world. A mostly down night in asia with the nikkei, the lone major outperformer and a generally mixed open in europe as they get their day started. Let us send it out to Steve Sedgwick with the trade and the top stories. Good to see you. Absolute pressure to hear from you and see you you look fine. And the european markets, they are doing a lot better than we expected especially when we had your soggy legacy from yesterday. We actually were expecting to come out of the gates very, very flat but actually what weve done by and large is find a rally in these markets. The ftse trying to struggle around 6,000, but sectors, this is interesting because tu. S. Financials not impressed, but a positive legacy on the banks despite what we saw state side travel and leisure cannot catch a break at the moment. Down 0. 4 . Real concern good what we heard from eli lilly, jon and th john johnson and eli lilly. And Home Deliveries and home food deliver what do you think the ordereds are up germans are eating 47 more from this company the brits up 43 . And one more story, pearson, they concentrate on Home Learning so should be in a sweet spot and in many ways they were revenues year to day up 40 . The broader figures were still under pressure, but the switch to Online Learning really fell into something that they are trying to do especially with the north american course work sully, back to you i love that name, steve i mean they are not playing games. Just eat takeaway. That is what they do deliveries up huge in germany apparently thank you very much. Back home, more headwinds for a potential virus treatment as yet another drug maker pauses its human trial. Seema mody is here with that and more of your top headlines on this wednesday thats right, more concerns around the time line for a treatment and vaccine. Well start with eli lilly, its late stage trial for the coronavirus has been paused by u. S. Health regulators over potential safety issues. No details are available yet this news is less than 24 hours after Johnson Johnson confirmed it is halting their trial after one person reported an adverse event and according can to reuters, they found serious quality of control problems serious enough that according to this report, it could jeopardize the companys request for an emergency use authorization for its covid19 drugs eli lilly did not disclose the fda inspections in the s. E. C. Filing and in washington, Mitch Mcconnell says that his first order of business when the Senate Reconvenes october 19 is to vote on a targeted Economic Relief package worth about 500 billion. Far short of the houses 2. 2 trillion plan and the white house has rejected 1. 8 trillion rescue package it focuses on new funding for ppp but likely dead on rifarriv in the house and pilgrims pride says it has agreed to a deal over price fixing allegations saying that it will pay a fine of 110. 5 million. The guilty plea by the second largest chicken processor makes pilgrims the First Company to admit in court what prosecutors have been alleging for year, that coordinated evideffort by producers has been artificially pushing up prices. 24 is. Sounds like all the producers were putting the same eggs in the same basket. Would you say that very witty, my friend i would say that they have run a fowl of the law. Thank you. Youre good a few days off, get ready for more because im rested and ready despite a little dip, it has been a darn good october for stocks overall major averages up three, four, and six percent. But as weve been talking about for weeks here, you have to watch the small caps they continue to see money pour in the russell 2000 up nearly 9 . Lets talk with ceo of cic wealth ryan, good to have you back on again. I want to start with a big name that has been a big problem but may have some big numbers coming out today. And this may be the most important stock in the market and i say that because, a, they are a massive bank and b, t largest mortgage holder and the as to being has lost half its value this year. But are you finally seeing value in owning wfc shares yes, absolutely weve owned it for a while, but a Long Term Holding of wells fargo for years. Luckily we purchased it probably down around these levels many years ago and unfortunately wrote it back down but yeah, absolutely i think today it will be important to see their earnings and see what the loan loss reserves end up being. I think that will be something that most investors will be watching you know, they are in a turnaround situation they have a new mew ceo and the have shaken up things getting their house in order and im very hopeful over the next coming year or two that well see great things from wells fargo. Yeah, the idea is supposed to be that you buy low and you sell high, of course you buy high and sell higher. That stock has had half its value wiped out. Investors have ignored it. Youve owned it, i like the honesty, have you been buying on the way down we have started picking up some additional shares for clients just to try to dollar cost average for those who maybe purchased it a little higher being careful with it, because there is still a lot of uncertainty with the coronavirus. Unfortunately, it might be dead money for a little while, but i think if you have patience, the dividends is nice. And over a few years, if lets say the stock were to get back up to the 50s, it would be a really good return over a few years so that is why were patient. That would be a double basically. We appreciate the positive dont hear too much. Now, a smaller cap name, were all working from home, right and i would venture to guess that many of our viewers or listener, if they took a look at their desk, their home office setup, a lot of the stuff they have got is made by the same company, logitech. Yeah, really interested in this name. They have had a nice run but as you point out, i think this is a trend that is just not going to change. And im a big fan of finding a secular trend and throwing myself in front of it as much as i can. And i feel like, you know, this is one of these companies that will be, you know, it will be around for a while in terms of well, like you said, everybody probably has a piece of equipment and if you have tried to buy a piece of their equipment recently on amazon or some other place, good luck even on logitechs website, most sights are out items are out of stock. So im expecting good things yeah, between web cams and bluetooth, i guess a high share of the home desk market if that is a market. Ryan, a pleasure to have you on. Thank you very much. And we are just Getting Started here when we come back, why walmart says that it is now black friday every day as it looks to adjust to new Consumer Shopping habits. Apple making 5g a reality. But is it enough and later, a Small Business owner actually seeing growth amid the pandemic. We stay focused on main street for skin as alive as you are. Dont settle for silver gold bond champion your skin learned a second languageument applied to college applied for a loan started a business started a blog shared a picture shared a moment turn your wish list into a checklist, with internet essentials from comcast. When youre connected, youre ready for anything. Walmart is spreads out the holiday savings. Seema mody is back with those details and another deal perhaps in the oil space like four Oil Companies left in the year lets start with conoco fill lives in talks to buy concho resources. Has a market cap of just under 9 billion, it would follow the 38 billion takeover last year and more recently, the merger with wpx and chevrons 5 billion purchase of noble energy six flags is cutting its workforce. Revenue plunged 96 in the Second Quarter six flags says that it will offer Outplacement Services to the affected workers walmart is extending black friday deals, the revamped promotion will offer separate pricing and it will continue in stores shares of allscripts soaring after announcing plans to sell its Care Health Business to well sky. Shares as you can see up 39 brian, back to you yeah, a lot more deals there. Either bankruptcy or being butt out. Pretty much two options for a lot of these Oil Companies on deck, netflixs new membership policy and a vacation for one seven months in the making just some of your top trending stories when Worldwide Exchange rolls on todays big number 984,000. That is how many people were screened at u. S. Airports gsz on sunday according to the tsa. That is the most people since march 16 a seven month high welcome back the uphill battle facing many Small Businesses around america to stay afloat remains intense yelp says that huge number of businesses that have closed may never reopen again in other words, many family businesses, multigenerations, wiped out. But american Small Business owners are a small bunch and are finding ways to adapt and survive. One such business, king state cafe coffee brewery in tampa, florida. Named a top coffee shop in america last year. And were joined now by its coowner, tim, good to chat with you again. We talked to you in the midst of the lockdown how have things changed from, say, may or june until now what have you figured out and where do you see it going . Thanks for having me on again. It is good to be here. Yeah, the pandemic really was a curve ball for all of us Small Business owners, especially in the Service Industry with king state, the summer was very twril arial and error and n idea of trying to figure out how we will navigate this solely on our own. Because the government, other businesses, everyone kind of was spinning trying to figure out what is going on, our governor as well as our mayor, everyone wasnt on any real page. So we kind of went our own path, we obviously had to abide by all the laws and yeah, from june, july to now september and even into october and even august, it is a completely different world. We activated a few Different Things we stayed in the togo model, now open at 50 capacity even though our governor said we could open up at 100 and were still seeing a 15 to 20 growth from last year so it has been cool to kind of see, you know, safety protocols as well as putting out quality products and gooder is advice all merging. And all of our regulars and guests have been supportive. And unfortunately, that is not the case for a lot of people so were grateful and there are members of the population that will not go inside and i dont blame them, everybody has their own level of comfort. Ive eaten inside in new jersey a number of times. Are people unwilling to go inside sounds like youre not seeing that i think the spectrum is so wide we have people think that this is insane, you have people think that if you go outside you are risking life and death but the good thing about king state, we still have to go, we have onnline ordering and we hav a full patio so i think that we hit all the boxes. And so far, weekends have been jamming and everything throughout the week has been really solid and stable. And the first few weeks we thought it was that everything is open again, everyone is pretty excited and that was back in august. So it is really exciting i wonder, and i wont lie to you, ive talked to my own family, that if winter comes and new jersey goes back on full lockdo lockdown, tampa is not sounding too bad. I dont know if tom brady has been in there, but my guess is that you have seen a lot of migration, people in this area who know that come january when it is 30 degrees and snowing here and maybe we go reblockd n do lockdown, florida could be a good play because it is 65 and you can be outside youre not wrong. Were seeing that in droves. Our Residential Real Estate market is exploding still and it never really stopped so i think that you are dead on there. There is a lot of first timers, there is a lot of regulars and the spectrum runs the gamut. People still go i just heard about you, this is my first time in on it is really interesting to see. Things still building even in a pandemic i tell you what, i will get down there if it keeps cool and locks down here again, well come into king state keep us informed of how you are doing. Rooting for you guys can two days of prime deals move the needle for amazon stockholders and facebook saying that it will ban ads that discourage immunization vo im a verizon engineer and today, were turning on 5g across the country. With the coverage of 5g nationwide. And, in more and more cities, the unprecedented performance of ultra wideband. The fastest 5g in the world. It will change your phone and how businesses do everything. Im proud, because we didnt build it the easy way, we built it right. This is the 5g americas been waiting for. Only from verizon. Vaccine, stimulus and earning, oh, my. Investigators navigating a number of head winds futures up 126 apple hoping to find some big sales with small iphones but can a tiny phone deliver what shareholders really want . And breakout your credit card, netflix saying no more freebies as the company pulls the plug on free trials. It is wednesday, october 14th. And this is world wide exchange. I see what they did there. Free ride, netflix, there we go. Welcome back, im Brian Sullivan here is how your investments look as we are about halfway through the 5 00 a. M. Hour futures are solidly in the green. Dow futures up 123 right now what is going to move the markets today . Money was all the options related move, the gamma that we talked about wasnt anything but today it could be this, a big day for Bank Earnings. Bank of america, wells fargo, pnc, u. S. Bancorp, Goldman Sachs out with earnings. Now, earlier we asked you a separate question. Can you name the best performing s p 500 stock this month can you . Look at that chart it is a mask play. It is etsy up 25 in october and 245 this year if you like random stocks like that, your rbi later will have one stock that Goldman Sachs says meets tough growth criteria but is still down year to date. But etsy is your mystery chart of the morning turning now to a chart you know, that is apple and the companys highly anticipated push into 5g became a rewrae reality yesterdy the iphone 12 mini starting at 700 bucks all the way to the iphone 12 pro starting at 1100. And dont forget about the mini smart speaker. Joining us now is Robert Muller who covers all things apple. Good to have you back on apple is going back to the future i guess with a phone that gets actually smaller, not bigger, a lower price point, will it work yeah, we believe it will. You know, especially having the wider range. Weve seen with the last adoption of the iphone se, it had pretty good adoption not Everyone Wants a larger screen we still expect the base 12 to have the best performance out of allel t the models and pro max with better cameras, i dont think that you can discount the better features but that a nice addon and youve got these phones now, i guess you said the average selling price, and i think what some are concerned about a bit is those margins it is not about sales or revenue, it is about gross margins. Is apple smart to sort of lure people to buying lower cost phones it is reld differenatively sg they are trending up you think a few years ago, phones are still more expensive. You have storage upgrades as well you also have the premium tier with the pro within thing th one thing, they have taken out the charging block and ear phones that should help those should be incremental pieces that should help out with the margin prices and shipping costs as well. Yeah, and you think about the idea of maybe even maybe you are right, not a lower cost phone, but 700 bucks aint low price by the way, but you know what im saying. Get people into that apple ecosystem. And if all of our viewers today that use apple products go on to their computer, itunes account, look at their subscriptions, they will probably realize they are paying apple 25 to 50 a month in recurring revenue if new, music, music match and not even realizing it. Getting people into that mhalo i the whole deal yeah, cash flows are pretty highly recurring you think about it as a lumpy annuity where you are having that 700, 800 outlay every two to four years. But services, yes, they are coming out with the apple one bundle coming soon, 30 a month. Pretty easy to justify you get a wider suite of services and we did a deep dive on the fitness opportunity which we think could potentially be a 3 billion revenue opportunity by 2023 but then again, that is kind of the prime feature, if you have fitness, clouds storage, what is another 5, 10 a month to get the music, news and arrest kad arcade as well and the valuation is tough around this name, but our positive viewpoint is really built around the fact that were right at the front of this super cycle, were very bullish on 5g, we think that it will be a multiyear cycle. This is not a one and done yes, it is a name that we want to be a part of. It can grow into earnings, has a lot of buyback pow