New and all electric hummer to the world, but you got to hear the price tag. And it is once again time for you to speak out, this time on the election. And which matters more to your money . The white house or the senate . It is wednesday, october 21, and this is Worldwide Exchange on cn cnbc welcome from wherever in the world you may be watching. Happy wednesday. Im Brian Sullivan here is how your money in the Global Markets are setting up. Stock futures are down, dow and s p trying to post back to back days of gains, but dow futuresf about 100, nasdaq iabout 70 mtum is the cute ticker, coming off its fifth straight down day. Its longest losing streak since late february. That etf tracks names like te a tesla, apple, microsoft and more, all the names that really control the entire market. Same story with the faang stocks First Trust Dow jones, the fdn, also seeing 2350five down days row now, first time that has happened since february. So you have to watch tech, some of the big name etfs look like they may be starting to roll over well see what happens today you have to watch treasuries as well, ten year higt itting its highest level since june 10th. And one stop ck of the day has o be netflix, the company missing on the bottom line and adding just 2. 2 million subscribers around the world in its most recent quarter the estimates there on average, 3. 3 million sub gains. The companys own estimates for ads in the Fourth Quarter also falling short of estimates, nearly half the paid subscriber addictions in the past three months came from outside the u. S. The stock down almost 5. 5 to 497 around the world, mostly higher session overnight in asia. The european markets of course just Getting Started lets get it sent out to Geoff Cutmore in locndon yeah, very good morning to you. It has been disappointing. You can see that we are firmly down now and the selling seems to have accelerated over the last 30 minutes or so. It is not that weve had bad earnings over in this part of the world. Let me tell but some individual stories. Erickson has reported a rise in Third Quarter core profit to 9 billion swedish crowns that Beat Estimates thanks to a Strong Demand iffor 5g contracts managing to hang on to the big gains here, we were with up over 7 , but as you can see, were still very much in positive territory on erickson stock here French Media Group saw sales rise above market expectations, the Music Division out performing with a 6 rise in revenues i dont know if you are a lady gaga fan, but she is on the Universal Music Group and has helped the performance the stock up nearly 2 and nestle has raised its full year guidance after posting better than expected sales growth in the Third Quarter. Organic growth coming in at just under 5 in the Third Quarter. A sharp rise from the 1. 3 performance in the previous three months and the market is just whistlin by that number were down about 0. 5 on nestle even as they have benefited from the uptick in lockdown spending. Back to you. Im not going to say if im a lady gaga fan, but i may or may not have openly sobbed during a star is born multiple times ill just leave it there gets you, always gets you it really does. Why . The end . I dont understand it. Geoff cutmore, thank you very much back home, negotiators on capitol hill significaaling new optimism around a stimulus deal. Rahel solomon may or are ma mayt have cried at that movie i havent seen it, but i have been to a lady gaga concert. To the news now, nancy pelosi says that she is optimistic that democrats may be able to reach a deal with the white house on a new covid19 relief package and get the aid out by early next month, telling reporters that she may be able to hammer out a plan with Steven Mnuchin by the end of this week adding that they have come a long way on health provisions, but more work needs to be done to address state and local aid. Amazon says that it will allow employees who can work for home to do so through june 2021. The Company Following in the foot steps of several other Big Tech Companies that have extended their work from home policies until at least early next year. And remember twitter has allowed employees to work from home, quote, forever if they wish. But dont you do that, brian and alphabet urging employees to keep their heads down during the antitrust lawsuit against the company. According to emails seen by cnbc, the top lawyers telling staffers while we can expect tough criticism and even misleading claims about our work, it is important not to get distracted by this process going on to say ive had googlers ask me how they can help and my answer is simple, keep doing what you are doing. There has been are more he companies saying work from home maybe forever, but i cant see it most of work is human relationships, hard to make the relationships over zoom. You can maintain relationships, but there is nothing like, i dont know, having a coffee in the Office Especially for young people trying to advance, getting noticed. Thats a fair point i feel like that is a harder point to makes a people prove their productive at home youve never been more productive, and you have been home for months. Dropped 40 pounds, not wearing shoes right now, you never know what could happen must be nice. One of these days, im going to buy you another tub of tater tots because we all know what were talking about. Rahme rahel, thank you another big batch of big name earnings today on tap with less than two weeks now until election day joining us now, greg hawn, president and cio of Winthrop Capital Management youre a longer term guy, but were short time on the fly thinkers here. What are you expecting for the next couple of weeks, does election out of the pandemic could be making things interesting, yes or no yes, there are two fundamental truths one is were closer to an election and a result and the second is that were closer to the end of this pandemic than we were at the beginning. And we think that we do have some way to control the virus next year early in the year and that will allow the economy to reopen and that will change the dynamics so that rollover from technology, that will happen next year. Well, i hope so because the number one trending story or one of them on cnbc. Com right now is the uks chief scientist tell g lawmakers there that covid will become the annual flu that well have to live with for years to come that changes everything if he is right, but either way, lets move on from that because youre right, at some point well get through this did you adjust your investing strategy or portfolio at all given those things that you just mentioned . Yeah, were adjusting it in a couple ays one is a long side of a large cap index, we use equally weighted s p 500 indexed so we get the same weighting of a boeing or American Airlines as we do google or facebook that is a way to play the recovery the second thing were doing, were increasing our small cap good possession su exposure once the economy starts to move forward, and there is a trillion dollars of the economy that is shut off right now, once that starts to get turned back on, small caps should benefit strongly and they have been. The russell 2000 is not quite at its highs of the year, but i think it is up 7 or 8 this month. The best performing index. Is this although sort of a stimulus domestic recovery type story . Big time. This is the big driver regardless of what happens in the election, it is all about stimulus so the economy needs additional support, we have a trillion dollars of the economy that is shut down which is that hospitality, airlines, traveling, gaming, entertainment type of industry once that gets we can figure a way to turn that back on and it students all the ancillary businesses like the restaurants and everything around it, well start to see more growth, more traction do you think the big tech trade is kaput no, it is not kaput the problem is that when you take the big tech out of the s p 500, the dichotomy of the performance is significant so the real challenge is when do you start to look at reits like Simon Property malls and retailing. We think the time is now it is now so you think that because there is a lot of people talking about worse outcomes for the reits, without naming names, ive heard some people, you know, suggesting harder times and that is all ill say 60 of all sales right now are still done flthrough brick n mortar so it is not going away. You look at high quality properties, they should pull through. They are strongly capitalized good sponsors. And the interesting thing about simon, it is changing its Business Model look who just bought Brooks Brothers maybe own your own store so you dont have to worry about them going away. So maybe now is the time on reits, small caps looking strong, greg, appreciate you coming on. Always strong to be on at 5 10 in the morning thank you and lady gaga. Listen, dont judge me. When we come back, a beneficiary of what its ceo calls the isolation renovation the stayathome stock that is surging. Who is yonder mystery chart . Well reveal it. Snapchat getting a bump kids at home on social media all day, it is working out for snapchat, 23 bump for snap. Who needs learning and later on, how a billionaire fight against higher taxes seems to be gaining momentum in at least one Battle Ground state mr. Robert frank, 62 percenter himself is here to explain 5g just got real. Iphone 12 and iphone 12 pro are here on verizon 5g. Whoo this new iphone, plus verizon 5g. Game changer. announcer with the coverage of 5g nationwide, and, in more and more cities, the performance of 5g ultra wideband, the fastest 5g in the world. Whoa. I downloaded a whole movie in under 30 seconds. How is that possible . announcer preorder today, and when you switch, get iphone 12 on us. I want this phone. announcer this is the 5g phone Everyone Wants on the 5g americas been waiting for. Only on verizon. 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. Roombas, virtual lenses and those are just some of the stories around your stocks to watch. Ra more. Long timet reporting a huge n earnings the ceo pout company saw stronger than expected order growth. The stock down about 3. 5 , but still up about 83 year to date. Wd 40 also reporting a big beat thanks to Strong Demand for its cleaning products, ceo gary ridge citing isolation renovation, reportin, the more time at home, the more time and money they spend on home improvements. And shares of snap are soaring after a adjusted profit repor d reported so snap says it had 249 million active daily users and that advertisers are boosting spending on the platform and that is something that weve seen in some of the analyst notes across social media companies. Back to you. Look at the usage there, snapchat up 23 premarket, that is a big pop when you are at home, dads working on squeaky door, teens are on snapchat. On deck, going big, going green, going expensive gm launching the allnew electric hummer. It is awesome. It is fast but it is expensive. Wait until you hear the price tag coming up. Todays big number 6. 9 billion that is the estimated cost the pandemic shutdown and the California Wildfires will have on the nearly 10,000 wineries in the u. S. According to Research Firm bw 166. Ter a new and exciting chapter. Across muticloud, apps, data and security, we focus on solving the business problems of our customers with technology we are a type of company the market has not seen before. Going public will further invigorate our mission to embrace technology, empower customers, and deliver the future. Lets get a check of some of the other top headlines outside of the world of money and business including a Big New Development in the Breonna Taylor case phillip mena is here with that and more yeah, Stunning Development in the Breonna Taylor case. An anonymous grand juror is allowed to reveal what happened behind closed doors after a rare judges ruling saying that jury members were never asked to consider homicide charges. The former emt was shot and killed in her apartment in march during a botched drug raise. No officers were charged in her death, but one was one tchargedh wanton endangerment. And that taylors boyfriend shot at them first. Taylors family is calling for another grand jury and President Trump is facing a serious cash crunch his Reelection Campaign has just over 63 million left in the coffer, nearly three times less than the biden team who is sitting on a 177 million war chest. The president istrying to make up lost ground with a flurry of rallies and interviews and a bank in california had some masked bandits break in, two young raccoons made their way in to the bank when it was closed the local Humane Society said they changed them around for about ten minutes before they could shoo them out of the becoming such a clean building, too. You see the building, i dont know what they were no trash, what were they looking for maybe they were looking for some coin never know what they have to spend their money on or they were a decoy and homies were in the back looting the dumpster evil genius, i like it. Phillip, thank you still ahead, are we close to peak netflix shares are down as new member growth slows and tis teit is teslas tur. And model s registrations in america, more than any other electric car combined. 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 seeking a stimulus boost amid increasing hopes washington can reach a deal. Futures are flat nancy pelosi saying she is optimistic over the ongoing negotiations with the white house, well take you to the capital of money, d. C. And shares of netflix are sinking as new subscribers slow down bigly it is wednesday, october 21, and this is Worldwide Exchange on cnbc im on the edge of glory and im hanging on to the moment of truth, im on the edge of glory and im hanging on to a moment with you i open up at the top of the show, and i admit i cried at the movie a star is born and now they are playing gaga. If youre going to do it, at least play songs from the movie. I miss brad cooper welcome back, how is how your money and investments look right now as we are about halfway through this wednesdays show. Well call stock futures nature. The dow and s p trying to post back to back days of gains the nasdaq and nasdaq 100 coming off their first winning session in five. Here is the only question that really matters to you from a longer term investing perspective, is the tech trade starting to roll over at all for a medium or long term. The ishares mtum coming off its fifth straight down day, that is its longest losing streak since prepandemic back in february. That etf tracks things like tesla, amazon, invidia and more. Same story with faang. The fdn also he sseeing five don days in a row for the first time also since february. Youve got the usual name of big hitters including facebook, pay accou paypal, salesforce and netflix, so just a couple names to watch to maybe know if that tech trade which has worked for a decade may be finally starting to roll over and other sectors benefiting bonds also something to watch because ten year yield hitting its highest level since june 10th might see a slight uptick in mortgages. And one stock on everybody and he radar, everybody will be talking about snapchat shares are up 23 in the premarket they topped eps estimates for the most recent quarter opposing a sur yprise adjusted profit. Why learn remotely when you can be on social Media Company says growth is likely to grow forecasting 257 million daily active users in the Fourth Quarter topping estimates. To washington and the latest in the push for a deal on stimulus House Speaker nancy pelosi says she is optimistic she can reach an agreement with the Trump Administration suggesting she is hoping to make some progress on the package by the end of this week but the white house is saying big differences still remain on both sides so where exactly do we stand ylan mui knows and she is standing by with the latest. And mr. Robert frank 62 percenter position looking at the political battle brewing in one state with a plan to tax the rich ylan, lets start with you what we thought was a deadline for a deal yesterday has now come and gone with no deal, but the white house and democrats are still talking after a 45 minute conversation with the treasury secretary yesterday. Nancy pelosi says they are moving closer and they will talk again today. She said that the deadline enabled them to see that decisions could be reached and language could be exchanged g n demonstrating that both sides are serious about finding compromise but republicans in the senate are not so sure about that if it is just going to be a bunch of giveaway like we saw in the house bill where i think cannabis was listed more than job, im not going to be for that if the white house and democrats do strike a deal, Mitch Mcconnell has sai