Call it a 25 million what if why new comments from President Trump have the media folks getting social media on their side over exxon. And later on, steal a xwas gebaa taco why fans have a new reason to tune into the world series and why prices are sky high for the seats. It is thus, octobuesday, octobe this is boais worldwide exchan got too much time on my hands all right, good morning, good afternoon, good evening from wherever you may be im Brian Sullivan throwing out a little styx and here is another song quote see if you get it. 2020 24 hours to go and maybe the markets want to be sedated that after yesterdays 400 point haircut for the dow and 1. 5 drop on the nasdaq the markets nervous about the nancy pelosi imposed stimulus deadline in 24 hours and maybe also starting to think about much higher taxes if we see a blue sweep but right now, the futures are reversing just a bit not indicating that they will gain back what we lost, but dow futures are up 150 and of course context always key we where on aare still higher fe month of october overall yesterday also wasnt all bad for all asset classes. One big winner to begin the week, bitcoin. Up again on monday and up again right now to 11,747 around the world, asia coming off a mixed session there overnight and europe just Getting Started after a day filled with some trading glitches and exchange halts. The markets in euroyoureurope d this as spain reportedly conditions a temporary curfew to try to halt the growing number of cases there and germany reports a positive test rate of just under 4 german markets down 0. 1 and let us come back home, shall we, and get on the campaign trail. With just two weeks until election day, the commission on president ial debates announcing new rules for the third and final debate saying that each candidates microphone will be muted for at priestleast a portf the event. This as nancy pelosi and Steve Mnuchin hint at more progress, they are planning to speak at length again today ahead of pelosis selfimposed 48 hour deadline which expires latest today. Tracie potts is with us now from d. C. Good morning reporter hi, brian pelosi says they should know by the end of the day whether there will be a deal on stimulus, read stimulus checks for americans and Business Loans for businesses, before this leak a election and were getting reaction from the new rules. President trump says even though he will show up, he thinks the new rule of shutting off the mic is unfair. I cant answer the question reporter to prevent a repeat of that. Will you shut up, man reporter the commission announced that they will mute the opponents microphone during each candidates two minute response the Trump Campaign calls the commission biased, changing the rules to provide advantage to their favorite candidate and they are disputting ting th topics polls are now oem pen in 37 stas President Trump wants to boost his rallies to five a day telling Campaign Workers people are tired of covid i have the biggest rallies ive ever had and we have covid people are saying whatever just leave us alone. Reporter and senator Kamala Harris slamming the president in florida for not listening to scientists denied fact, denied sire insi science and lied to the American People so we know take we need a change and a change is coming reporter democratic nominee joe biden taking a break before the debate, warning his team against being complacent polls show him ahead by double digits, but tighter in swing States Coronavirus continues to dominate the campaign. This aint no joke. Reporter the virus in our surging in 38 states with cases up 10 in the last betwetwo wee. And President Trump also yet again clashing with and really trashing his Infectious Disease expert dr. Fauci, calling him as today sister on that Campaign Phone call fauci now has personal security because he is getting death threats. Everything these days, doesnt matter what its, it could be an invisible micro virus, everything is politicized. Tracie potts for us, thank you very much. Also happening now, Goldman Sachs may be looking to finally close the book on that Malaysian Investment Fund scandal dating back tortha coombs is here witht and more of your top stories no singing today last season seems like 2012 yes, thank you for that. Good morning you know, Goldman Sachs has reportedly reached a deal with the Justice Department to pay more than 2 billion for its role in malaysias Investment Fund scandal the deal could be announced within days. And will allow goldman to avoid a u. S. Criminal conviction the reported deal is broadly in line with the banks reserves and previous analysts estimates. Goldman sachs shares this morning edging higher by 0. 6 . Aexxonmobil says there was o phone call between their ceo and President Trump after the president suggested yesterday that he could get on the phone with any wall street or energy ceo to ask for a donation to his campaign if he wanted to the president naming exxonmobil specifically in a tweet, exxon said we are aware of the president s statement regarding a hypothetical call with our ceo and just so were all clear, it never happened and pioneer natural is reportedly in talks to buy Parsley Energy the two oil and Gas Companies which both operate in the Permian Basin are discussing an all stock deal that could be completed by the end of the month. Parsley has a market value of about 4 billion it also has more than 3 billion in debt. This news follows yesterdays announcement by Conoco Phillips that it is buying concho for 9. 7 billion the urge to merge it seems pretty much that or the alternative is not good. By the way, a little early rbi on that, that potential deal is also interesting in that it would be father buying out the son. So scott she have fieffield is r of Brian Sheffield who is founder and executive chairman of Parsley Energy and parsley is named after their maternal grandfather who started his own oil company decades ago. Is that random but interesting that is incredibly interesting and will make for an interesting thanksgiving dinner. Depending on with what the buy sdwrout mout may be, it cou really good or contentious thanksgiving assuming you can get together with people for thanksgiving thank you very much. A lot more to do on that, but right now your next gefrs sa guest says the market is facing three different headlines and once they are good, look out for a good Old Fashioned rally mark, what are we talking about headwinds . Obviously the election stimulus, you have this pandemic you might have heard about going on, which i find that do you ever notice you call a company and they say because of the pandemic like you still got to tell us . Anyway, what are the headlines and headwinds to you med winheadwinds are stimulus and checking the tea leaves every day for how nancy and trump will get along that is no way to set an investment strategy. So we want to look behind how pelosi and trump are getting along. And the therapeutics in the vaccine are positive at least for 2021 regardless of the immediate timing and then we look at the outlook for corporate earnings and return to normalcy once we have a stimulus dealing, the election and this covid hopefully thing under control. And when we see that we see a robust runway for investors who are flush with cash and businesses who by the way are running far more efficiently than they were prior, or at least in a lower cost world. We also fortunately or unfortunately for the people who are unemployed, unemployment brings down labor costs. Low energy costs, people working from home. And you and i have disagreed on this somewhat, but lower occupancy costs. I think that you will zero bust corporate earnings in 2021 and that is what were looking at for our investors, the not the daily motions out of washington, d. C. And i was saying earlier that now even invisible viruses are politicized thanks to social media and whatever else. How about this, does the market care who wins the election or does the market simply want a clean winner and not weeks or months of fighting over a contested election well, i wrote an article in forbes about who is going to be better and it actually came out to be fairly balanced. Not just because i dont want to tech off half of my clients, but because the realty is both candidates can make a legitimate case for this. With president biden, you will have globalism return which is good for stability and profits you will have a probability of a larger infrastructure scheme and that will be offset by the tax bills that we see. And the less regulation that President Trump has offered. So i think the market is juggling in fact jpmorgan has written notes on both. One day they said biden is back, another day they say neutral so i think the story is mixed, but i think that it is relatively balanced. We just want to get through the election and i know we got to go, but independent this on i said this on a panel last week, is the senate fight more important than the white house absolutely. It is about checks and balances next year, it is about not running the table with a democrat agenda which may not be friendly have a little push and pull and i think the markets will respond. Yeah, the senate fights not getting nearly enough attention. Everybody talks about the senate, they dont talk about the white house. But not as sexy. Mark, appreciate it. And a lot to do on deck. New details on gms strategy to take on tesla. Pretty good look at a new cadillac and why our next guest sayser were in the middle of a massive shift in real estate and building, who the ultimate winners may be and later on, back to the be beltway and the latest on the spending bill fight. Hey, dad hey, son no dad, its a video call. You got to move the phone in front of you like. Like its a mirror, dad. You know . Alright, okay. Hows that . Is that how you hold a mirror . [ding] power e trade gives you an awardwinning mobile app with powerful, easytouse tools and interactive charts to give you an edge, 24 7 support when you need it the most plus 0 commissions for online u. S. Listed stocks. Dont get mad. Get e trade and start trading today. New and exciting chapter. 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What do semi conduct tore, electric cars, wireless mice and switzerland have in common they are all the subjects of your tuesday stocks to watch first up is intel striking a deal to sell part of hit memory chip deal to hynix for 9 billion in cash, would make hynix the worlds he secosecondt maker of chips stock number two, ubs, reporting a 99 jump in Third Quarter profit all on heavy turnover and global markets, those results handily topping forecasts, the swiss bank benefiting from a Strong Performance in Investment Banking which more than offset a drop in its advisory business. Also gm expected to announce today that it will build a new cadillac lyric electric suv at its factory in spring hill, tennessee. That will be gms third electric vehicle plant along with two others, the lyric is due in show rooms sometimes late 25022. And finally, shares of logitech are soaring all helped by, what else, all of us working from home and having to buy you into computer gear, key boards, mice, whatever so we can deck out our setups. Also raising its full year y outlook. And still on deck, why a new 50 tshirt is trending and it has to do with discarded crab shells we may have finally jumped the shark. Or maybe the crab. Dow futures up 161 welcome back lets help you make some money because the pandemic and resulting lockdowns have not only accelerated trends that were already happening in real estate, building out of amazon warehouses and Computer Data centers for example, but also could change commercial real estate doing things like pushing companies into older more suburban Office Spaces that have parking lots and no he will straight to elevators. Who stands to benefit . Lets bring in katherine thompson, doing great work on this and i love it when a guest forces me to look up a company i see a ticker and i go who is that and i saw ferg and i thousand is that Sarah Ferguson . No, but they do have something in common because they are both british. Ferguson plc, Plumbing Company you think could be one of explain the thesis behind some of the under the radar under the sink names absolutely. What we need to talk about nonre 1678 z. But people think it is dead but people are moving out of the cities and moving in to home offices. And as everyone is moving, the urbanization trend for the residential side, typically nine months later a big boom in commerci commercial so what will be a company that will win either way . So as we pole vault into beyond the covid world, one of those names is ferguson. Ferguson is the largest distributor of plumbing and hvac products in the u. S. So if we think about some of the big changes that are coming, you will be building, you always he need plumbing so you will have more mobile hand washing stations, more Water Filtration stations and the other thing that you will have is a greater focus on hvac and clean air so one name that you could hang your hat on is ferguson because they are the largest distributors of those products yeah, and i liked your headline irks i headline, im not dead yet, a case for nonrnonrez. So maybe a back handed monty python reference and awi . Yeah, you have the hvac and then you have the services you have hvac, sprinkler systems, they are all fit into the ceiling system, armstrong is the largest manufacture, only publicly traded company that you can really capitalize on you can look at the Office Furniture names like a herman miller, and also flooring names like know mausk. B mohawk. But one that plays a role in life beyond covid will be armstrong. And some of the other names to think about as you look beyond, this is more of the new construction side, we talked about it before, if you build anything, you need rocks and a couple of the names that will benefit from that would be brch bmc and martin mayor yrietta and summit has locations in secondary cities so they could end up being an outsized beneficiary too and then finally, another way to think about it, when you think about distribution when you are doing that build out, you need a beacon, a foundation or gms. This supply chain, this buildout, whether it is data centers near you in nashville, tennessee or whether it is refurbishing the 1970s ugly suburban Office Buildings here in new jersey with new hvac, a lot of companies do stand to benefit. Cakatherine thompson, appreciate you coming on. All ahead, why your next guest says she is raising her price target on ibm for the first time in two years. Even as that stock takes a hit premarket well break down and maybe break b be ene bk. I feel like were forgetting something. Let me check. Xfinity home gives you peace of mind from anywhere with professionally monitored Home Security built around you. No, i think were good. Good. So when youre away, you dont have to worry. The tent. We forgot. The tent. Except about that. Xfinity home. Simple. Easy. Awesome. Hey look, i found the tent get xfinity home with no Term Contract required. Click or call today. Stocks seeking a tuesday turnarou turnaround, dow up 160 fueled in part by the hopes in the stimulus stalemate ahead of Nancy Pelosis self imposed deal deadline were taking you to d. C. With the latest on where we stand with less than 24 hours to go. And take me out to the ball game as long as youre paying. Your morning rbi on the price some fans are paying to see the rays take on the dodgers you will not believe todays rbi. This is Worldwide Exchange and you are watching cnbc. Welcome back and good Tuesday Morning. It is lmg exaalmost exactly 5 3 futures are looking better than they were yesterday. By the way, breath yesterday was terrible and im not talking about mask breath, im talking market breadth only 48 s p stocks rose as markets are nervous about the pelosi stimulus deadline also starting maybe to think about much higher taxes if we see a socalled blue sweep you heard Robert Franks great reporting all day long yesterday saying that you could have a 62 allin, of course that preeffective, we get that, and even 50 cent rapper and producer saying no way, hes out. And were also weighing housing data out this morning, though yesterdays bullish data on homes did not move the markets even etf fell 2 but we have new numbers at 8 30 this morning lat , and watch housing, a massive part of the economy. And maybe call this a bonus rbi for your Tuesday Morning all courtesy of our data team. Check it o