Busiest day of earnings season and as we await a vaccine, more positive news from one drug maker about a possible treatment. You are watching Worldwide Exchange here on cnbc good morning, im dominic chu in for Brian Sullivan. We begin with stock futures pointing to a possible turnaround with the dow kit e indicated high, 175 to the up side, s p up by 27 and nasdaq up by 125 the dow and s p are coming off their first single day performances since june 11 the blue chip index seeing its fourth done day wn kaday in a re late february. Since the selling began on friday, the dow has shed a total of 1843 points, roughly 6. 5 it is on pace for its worst monthly performance since march. And it wasnt just the dow Big Technology also taking it on the chin over the past couple of days take a look at facebook, alphab alphabet, apple, tesla, and more together losing some 270 billion in market value just since tuesday alone. All of this coming as the u. S. Reporting its highest number of coronavirus cases in one single day, the case count yesterday, 80,662 we have Team Coverage to start your thursday morning. Here covering everything you need to know from around the world, matt taylor has the overnight trade from asia and b movers in singapore. And london and headlines out of europe and germany is implementing new restrictions and better thrtha coombs cools r top stories. And it was a rough session for asian markets. We did have declines across most of the major averages, but only down between half of 1 and 1 australian was the worst at 1. 6 but china market ended in positive territory up by around 0. 1 japanese Market Holding pretty steady dollaryen right around 1. 04 growth forecast now expecting an Economic Contraction of 5. 5 versus 4. 7 . And shares of sony rallying by more than 6 after the market closed yesterday it was out with some quarter lyy fro profit numbers gaming demand pushed those shares further. Samsung shares dragging the market lower, down by about 1. 5 it reported its best q3 numbers weve seen in about two years or so, but slow chip demand will mean profit in the Fourth Quarter is lower and that drove the shares weaker today. And to the early trade now in europe, julianna, good morning. And this morning in europe, were seeing signs of stabilization. We have some green on the board for europes main markets, but this is after a brutal selloff yesterday with the stoxx 600 dropping nearly 3 spurred in part by the new lockdowns in france and germany it is a big day for earnings in europe as well let me run through some of the highlights for you starting with airbus, it delivered its first guidance since the onset of the pandemic the Company Predicts that it will break even next quarter but Global Travel is recovering slower in an expeslo slower than expected they said that performance should improve in the second half amid rising beer and soft drink sells. And sanofi raised its outlook for the second time this year after beating Third Quarter estimates. They said overall net income was up more than 9 as it ramps up production of its flu vaccine in an effort to avoid hospitals avoid added pressure and they are also on track for its own covid 2 vaccine projects and we have news on lvmh and tiffany, they have agreed in a he lower sale bryce inprice. They will pay 131. 50 a share, down from 135 the transaction is now expected to close in early 2021 back to you. And sticking with europe, germanys federal and state governments yesterday agreeing to shut down parts of the economy and toughen restrictions on social contact. All in a bid to slow the record rise of covid infections over there. And france also implementing new lockdowns of its own anita, what can you tell us about these new lockdowns, how extensive will they be they call it a lockdown light essentially what will happen is that social life will come to a halt so restaurants, bars, theaters, gyms, aim thll that kind of stu will be closed starting fromonw. And private travel is banned essentially. Business travel is still allowed, but also that should be restricted quite a bit so Angela Merkel just was addressing parliament an hour ago and she was surgie ing urgio understand the need of those measures she was saying that for now our capacities in hospitals are still there, but that could actually change dramatically in the next two or three weeks if we were not to do that lockdown light. Just yesterday, we hit another record of 16,000 new infections just here in germany so essentially to sum it up, it will be social life coming to a haflt. It only allowed two household, maximum ten people in public and private. And home working will be also enforced once again. So essentially parts of the German Economy will come to a standstill, but schools and kindergartens and also factories will remain open back to you. Annette, im curious, there has been a lot of i guess credit placed on European Countries for the measures they took and the recovery that they had it didnt take perhaps as long as other parts of the world. How much opposition is there to some of these lockdown measures . Here in the united states, were seeing quite a bit of pushback on governments trying to slow the economy down gasolinagain. How pervasive is it . It is actually growings the pushback, but not as bad as in the united states. Because we clearly have criticism especially now coming out from the restaurants and leisure sector saying this is disproportionate because the coronavirus spreading is not coming from that sector of the economy. But clearly if you read through the minutes of yesterdays meeting at the chancellory, it is clearly a decision between closing down that part of the economy and leaving the schools each, both open is not possible. And what Angela Merkel was also saying is that in two weeks time, they will revisit the measures taken, that they could actually even enforce others or perhaps scale them down once again if they are successful so to answer your question ag n again, there are protests especially in berlin and other big cities, but this is only a minority i guess the majority of germans is standing behind those measures because they see the need of doing that annette, thank you very much for that back home, dr. Anthony fauci striking a somber tone when it comes to the growing caseload in the united states. Bertha coombs has that and more headlines this morning good morning. Yeah, numbers are not going in the right direction. White house coronavirus adviser dr. Fau economy oig saci says ts in a bad position as coronavirus cases and hospitalizations surge in many parts of country fauci speaking with Shepard Smith last night if things do not change, shep, if they continue on the course were on, there will be a whole lot of pain in this country with regard to additional cases and hospitalizations and deaths. We are on a very difficult trajectory we are going in the wrong direction. His comments coming as the u. S. Recorded homore than 80,000 cases in a single day for the first time ever. And meantime some positive news on the virus front regeneron says data from its late stage trial, the one President Trump received when he contracted covid, show that patients outside hospital care who receive the therapy were 57 less likely to require medical care later the company added that the drug appears most potent for those at higher risk including older patients and those are chronic conditions and u. S. Law enforcement is reporting a rise in cybercrime targeting hospitals around the country with ransomware attacks. Agencies say that they have credible information of increased and imminent cybercrime threat to u. S. Hospitals and health care providers. Some hospitals have already been forced to pay ransoms after being locked out of their own data networks. Obviously hospitals already have their hands full but like everywhere else, when you have people working from home, that just creates more opportunity for hacking. Absolutely. Bertha coombs, thank you very much why our next guest says the recent downturn is a buying opportunity for stock pickers, the names on his radar, that is coming up. Plus first it was snapchat, now facebook pain is another social medias gain that mystery chart revealed next and later on, Big Technology back on the hill the Fiery Exchange between jack dorsey and senator ted cruz. Welcome back lets get a check of some of the stocks on the move pinterest, shares are soaring after reporting Strong Revenue and user flogrowth in the Third Quarter and significantly greater engagement than it did in the spring and says it benefitted from the advertiser boycott of facebook. Pinterest expects revenue to grow about 60 this quarter. Those shares are up 31 in the premarket trade and shares of ford are rallying after they had a 2 billion jump in Third Quarter profits, ford saying its focus on pickups and suvs is paying off and it took advantage of stronger demand am mid low inventory dealers. Jim farley took over on october 1. Shares up 6. 5 and service now, rounding out our trifecta of higher moves today, as the Business Software maker posted Third Quarter revenues that edged past estimates. Service now disclosing that it has more than 1,000 customers with more than 1 million in annual contract revenue. Those shares up 2. 5 a rough few days for the dow, losing over 1800 points just since friday. As you can see here, those point moves modest on friday, but have kind of accelerated throughout the course of this week. And here we are at thursday, what will come next . Virus closures and recovery concerns putting the indexes on pace for its first month since march. All of this comes as the busiest day for earnings, about 40 of the s p 500 has already reported and earnings are down almost 15 compared to the same time last year you can kind of see the moves here and revenues by the way down about 3. 5 versus the same quarter one year ago joining me now is sandy villery. Great to have you. We showed the statistics on earnings, what happened with the dow. What does it mean for longer term investor, are you worried about the election in. Yeah, frankly, that is the number one question im getting from my clients, what will happen with the leaelection so it is until certain but we have the uncertainty around the election, uncertainty around the number of covid cases, but in a couple weeks here, we will know that there will be a president. That certainty will be there and then were looking forward to a vaccine and were also looking forward to 2 trillion in stimulus perhaps and maybe it doesnt happen until early february, but a lot of these unknowns will be knowns. So we want to take this opportunity and buy on weakness that we could see possibly down to 3100 on the s p, which would put it right at the 200 Day Moving Average and so that is where i will get more heavily invested at that point. Does that mean that it does not matter who sits in the oval office come next week or beyond . Well, there is clearly differences between the two. We augull know that but investors do not like uncertain uncertainty. And there will be certainty at some point and i think then people can sharpenen their pencils. Under biden, you might see value stocks work better and under trump, you could see more Growth Stocks working better. So i think people need to sharpen their pencils and calculate based on who is in the white house. But again, once there is certainty, the market will already be moving and i think people need to get involved before that certainty happens. And so youve been doing a lot of homework. What types of allocations are you looking at for the coming 6 to 12 months when i look at the variatitas coming out of this recession, which if we went into it in february and maybe came out of it in may, are already seeing small caps lead in the months ever october and so when i look at small versus large, i want to be more in smaller mid cap and when i look at growth versus value, there has been about a 25 out prcperformance by growt year it date i to be able to revert to the mean so we look for individual companies that are cheap relative to their Growth Profile and avoiding the faang stocks that everybody has fallen in love with. When the herd rushes in, that is when we want to rush out all right, sandy, thank you very much. Still on deck for the show, a live report from paris, where the government is imposing new lockdown restrictions to try to stem the record breaking spread of covid france finding itself the new epicenter of the second wave at morgan stanley, a global collective of thought leaders offers investors a broader view. We see companies protecting the bottom line by putting people first. We see a bright future, still hungry for the ingenuity of those ready for the next challenge. Today, we are translating decades of experience into strategies for the road ahead. We are morgan stanley. Futures looking to try to rebound after yesterdays spectacular very large selloff, 943 points shaved off the dow. Right now the dow jones is implied higher by 185 points we were kind of close to 200 at one point. Some of the premarket gainer, you can see were looking at shares of ford up by about 6 after earnings twitter shares up 5. 5 premarket and welltower up about 4. 5 as well when we come back, much more on the recent volatility, what Charles Schwab he Charles Schwab is telling its clients. But first shares of marvell reportedly nearing a big deal sn lerhiwet could be announced asooasat ts ek perhaps. Im 53. But in my mind im still 35. Thats why i take osteo biflex, to keep me moving the way i was made to. It nourishes and strengthens my joints for the long term. While helping with occasional joint stiffness. Osteo biflex. Expectand action. H occasional joint stiffness. 16 people died did he catch our bad guy . Were know as the charmed ones. You got one day to show me what you got. I want to fight. You need us harry. What a goal bockey ball, hockey ball, you name it ball. Im gonna be ready. Just say show me peacock into your xfinity voice remote or download the app today. Outbreaks, earnings, and an election stocks trying to stage a thursday rebound after their worst day in months. Big tensions for big tech, just one day after testifying before the senate highlights from yesterdays hearing and what it means for earnings today and pair rigs ris on lockdown as continue to surge. A live report from france coming up it is thursday, october 29, 2000 you are watching World Wide Exchange on cnbc welcome back im dominic chu in for Brian Sullivan this is how stock futures are looking. We could be seeing a bit of a move higher, 200 points to the up sid impe implied if these fus hold s p up by 33, and nasdaq up by 151 implied there as well. The dow and s p are coming off their worst single day performances since june 11th the blue chip index seeing its fourth down day in a row, that is happening for the First Time Since its 7 day losing streak that happened in late february since friday, the dow has shed a total of 1843 points and it is on pace for its worst monthly performance since the depth of the covid market crisis back in march. Big Technology Getting hit hard. Facebook, alphabet, apple, tesla and more have shed some 270 billion in market value just since tuesday. And it wasnt just stocks. Volatility the surging as the vix hit its highest level since june 15th. As you can see all the way back here remember, the heights of the crisis, we were closer to 75 and 80 still though, rising stock market volatility as we head toward the big election tuesday. All of this as investors brace for an onslaught of earnings today. 13 of the s p has reported results. And as the u. S. Reports its highest number of coronavirus cases in a single day, the case count yesterday, 80,662 cases, a record high for new cases in the u. S. Around the world, a mostly lower session in the asian overnight trade. You can see the nikkei and japan off by 0. 3 . Europe is just 90 minutes into their trading day. You can see generally positive fractionally speaking. Dax after taking a hammer yesterday up nearly almost 1 . And the cac up by about half a percent as well. One stock to watch overseas, Royal Dutch Shell shares popping after upping its dividends the stock is more than 20 lower over the past three months, but still 2. 5 gains for that Anglo Dutch Oil major. Sticking with europe, germany and france implementing new lock dunn measures to help stem the rapid spread of covid19 and the efforts start on friday and remain in place until new infections fall to 5,000 from the current level of 40,000. Matt bradley is joining us live from paris so matt, weve heard a little bit more about just how kind of extensive it will be how exactly is it starting to look, are things starting to die down, is there less traffic in the streets. Reporter no, absolutely not. Everything is the same the French Public have until about midnight tonight and that is when the new lockdown comes into effect. Even is out trying to get in their last couple drinks, last couple coffees before it really goes into effect and followed by the economic pain that we saw back in spring, germany will be in the same boat starting on monday even though germany isnt nearly as badly of a fliktsed as here in france the problem in germany, they have the equipment, but they dont have the personnel in the hospitals to meet the deef hand that they are expecting will come in the next couple months here in france, Emmanuel Macron has said the increases in cases every day is troubling, but what really caused this new move toward a reconfinement here is the number of hospitalizations because cases have been going up for about two months s here icu units are about twothirds filled. And as the lag effect of those new cases with new infections reaches more elderly people, they are worried th