Joe biden making that final push to win over voters just days before the election. Brian sullivan lays out the big guide in one big battleground stooit stat state. And well go live overseas into the deep dive an app hes success. Youre watching World Wide Exchange good morning, im dominic chu in for Brian Sullivan. Lets get right to how the money and the markets are shaping up right now as you have been seeing in the corner of your screen, stock futures are indicating a lower open, right now the dowism app isdow implie nearly 400 points. S p by about 49. And the nasdaq lower by 220. Well get in to that more. Stocks are looking to cap off what has been an incredibly turbulent week the three major indices are now done between 3 and nearly 6 so far in just that short time span alone. It is also the last trading day of the month and october proving to be a tough one for investors. The dow down nearly 4 , the s p down 1. 5 . And the nasdaq with a fractional gain, although we know the nasdaq could be implied much lower this morning again, it is all about Big Technology shares of apple, amazon, facebook, twitter, all in the red this morning following earnings, alphabet the Parent Company of google, the only tech giant as you see he seeire seei some gains, a realut yesterd yesterday. And lets go to julia. And we opened up in the back foot, but now we have some green on the board just in the last moments, the cac 40 has crossed into positive territory. In spain, the ibex 35 also trading slightly higher. So we did start out on the back foot, but now some stabilization coming through and this is coming into todays session the stoxx 600 was don 5 so the opening off a brutal selloff early in the week. Today concludes a busy week for earnings Air France Klm has posted a 1 billion euro Third Quarter loss and is warning of worse to come as france reimposes National Lockdown measures for at least another month. The renewed restrictions will accelerate another claches ollan air traffic and now expects to operate at around 35 of its capacity in q4 and shares are down about 3 novo nordisk posted Third Quarter sales growth of 2 driven by higher demand for its drugs. The ceo says the firm is seeing a gradual recovery in patients initiating diabetes treatment and reiterated its full year outlook, but there is a bit of a pull back as well, down about 1. 5 julianna, that nk you very much in the u. S. , crossing a pair of grim milestones. Leslie picker has more on that and the mornings other top stories. Good morning. Thats right, the u. S. Has now reported 9 million coronavirus cases, this is after this country saw a new single day record of infections, 80,622, that marks the first time the u. S. Had crossed an 80,000 case threshold since the start of the pandemic and the third time in a week that daily case record was broken minnesota, ohio, kansas, south dakota, all also set records for new cases. And stimulus talks between nancy pelosi and Steven Mnuchin have stalled once again mnuchin is accusing pelosi of pulling a political stunt after she said that she had not heard from the Trump Administration on a number of key differences for a potential deal while an agreement is not expected before the election, pelosi has signaled she wants to continue talks after americans head to the polls. And mcdonalds a facing fresh level action after being hit by a multibilliondollar lawsuit by franchise owners. The class action accuses the fast food giant of Racial Discrimination for steering them to underperforming stores. The suit was filed by the firm representing 52 black former franchisees who filed a similar lawsuit in late august in a statement mcdonalds says in part we take the allegations of this case very seriously. Mcdonalds is a valuesled organization committed to diversity and equitable opportunity and the claims made by plaintiffs fly in the face of everything we stand for as an organization leslie picker, thank you very much back to the markets. Stocks look to set under renewed pressure major averages on pace for that i worst Weekly Performance in months volatility remains elevated as investors wrestle with the uncertainty around the election, rising covid cases the vix touching a high of 41. 2 yesterday before pulling back. Its highest level since mid june joining me now, Michael Sheldon at Rdm Financial Group this is an interesting move here only because it has come so close to the election. Where has it been and why the volatility spike right now just days before . As you pointed out before i got on, the markets really right now over the near term, the pullback is likely being driven by the rise in the covid cases, upcoming election and breakdown in stimulus talks. That is the near term. We think that it is important to point out that parts of the economy are prospering during the downturn and have gotten stronger, but other parts of the economy have been left behind. So it is really a bifurcated economy. As you look ahead, one of the important things were focusing on is the fact that if you look back at Economic Cycles and data since the late 1940s, economic expansions typically last about six years or so whereas economic retractions typically last about three months so we think that were in the early stages of a longer Economic Cycle, but clearly a pullback of at least near term weakness what did you do ahead of the election if nothing or is this just noise, and wait until things shake out and lets wait until we know what will happen with the next four years in the white house . How exactly do you position . We really want to look at the facts, find out who will be in office, what the tax rates will be before we make any large changes for client ports follow i donts so at this point, were sort of monitoring the situation and once the election facts are known, then well have a better idea on what type of changes we potentially may want to make on the investment side of our portfolios are you perhaps worried, optimistic, pessimistic, a little more so on any one candidate or any change of power in congress . What is the trajectory for the u. S. Economy regardless of who is in office at this stage the two candidates are obviously very du different in a number of ways and their outlook for the economy is quite different. But i think one thing that is common is were likely to see more fiscal policy and that should provide at least a backstop and a little bit of tail wind for the economy as we head into 2021 so no matter who the candidate is, there will be sectors of the company a economy and companies that will likely perform better. And either stimulus package would likely provide some economies for the economy and obviously we probably wont have a full blown economic expansion until we have a vaccine. There is a promising candidate right now, but we still dont have that to really get consumer and Business Confidence back on track. So we have about just a minute left here lets say there is a possible scenario where sectors outperform or underperform given each particular candidate or outcome. Are there sectors you focus on in the event President Trump wins or Vice President joe biden wins in terms of sectors overall . There will certainly be areas of the economy that we may under or overweight. But right now we need a bar bell approach because there are a lot of unknowns. Even though technology is down today, we think that there is an exciting opportunity in areas like 5g, artificial intelligence, ecommerce we also own health care as sort of a bar bell approach and then we own some of the Consumer Discretionary stocks because we do think that were in the early stages of an Economic Cycle even though there will be some bumps along the road so one thing the candidates do have in common is Infrastructure Spending so we think that is a possibility that both candidates may agree on and that could be an area that we add to but again, we need to find out more about what the makeup of congress will be as we head through the next several days. Michael sheldon, thank you very much. Appreciate it. When we come back, a look at this mornings stocks to watch including netflix and why it may cost you more for content in the coming weeks and months. Plus, amid surging virus cases around the world, we talk to the ceo of one Company Working with the airlines to screen passengers and later on, with just days to go until the election, the potential market impacts depending on who takes the white house. Change is all around us. Shaped by technology and human ingenuity, we can make it work for you and your business. Welcome back Dow Jones Industrial average implied lower by nearly 400 points the s p would move lower by 46 and the nasdaq down by 211 Big Technology stocks very much in focus right now take a look at the dow laggards, apple on the heels of earnings, microsoft, Cisco Systems and intel and dow ink a thinn think keep an eye on it. And it will cost more to binge your favorite stories, that is surrounding stocks to watch. And leslie picker has those details. Thats right, netflix is raising prices in the u. S. For its standard and premium subscription plans, the first increase since january of last year the standard plan goes up by 1 to 14 a month while the premium tier is rising by 2 to 18 a month. Now, the basic plan will remain at 8 a month. Netflix citing the cost of creating original programming. Delta air lines has reached a tentative deal with its pilot union to avoid furloughs through next year. The agreement which still needs approval from their nearly 13,000 pilots will can you tell their Monthly Minimum guaranteed hours by 5 . And starbucks Third Quarter adjusted profit revenue beat, same store sales dropped 9 . The number of transactions in the u. S. Fell 25 . But when customers did come, they spent a lot more per order. The early launch of Pumpkin Spice latte in august also fueled sales Kevin Johnson will be on squawk on the street at 9 30 a. M those Pumpkin Spice lattes, they are like 6 for a psl these days. Luckily im not a psl type person, but i have my coffee next to me now the highly anticipated ipo by ant financial, demand for the chinese tech giant is at a fever pitch right now with a key focus on Payment Technology. Eunice yoon is joining us with more on that big financial offering good morning, good evening good morning, dom you know, the order books are all completely closed as of today and the shanghai portion is oversubscribed by 872 times, hong kong 150 times. Investors are betting big on the app that is really all things financial for the chinese. And earlier today, i spoke to one businessman who said that his company probably wouldnt be around if not for this app reporter he says his noodle chain could have gone under if it hasnt been for this app. After getting nowhere with the traditional banks for financial help, he applied for a 3 million loan with ant alipay he got the money the next day. The banks processing time with a too long, the same issue for vcs, he says we would have been dead. Small private businesses like his generally have a tougher time getting money from the big banks compared to the big state firms. Ant has expanded fast because its loans and credits are easier and more accessible to everyone whether a business or customer and at a customer here, im paying with alipay you can also pay your bills, cab rides, parking and if you are one of the 700 million chinese who dont have a credit card for a big purchase, no problem for a fee, ant offers nearly instant credit users also take out personal loans and can invest as little as 15 cents in money market funds on the app and even has a cure for boredom. A popular game keeps users engaged. All of it helps ant alipay better understands the peoples habits and as you can imagine, the listing is getting a whole lot of Media Attention here. Outlets have been reporting that in shanghai, the chances of you getting any shares is 0. 13 . So not necessarily great odds, but at least you get a chance. Sounds like a hot ipo here these days of course a very hot industry these days i wonder, can you tell us a little bit about the culture and climate around mobile payments and Payment Technology in china . I know that here in the u. S. , many people during the virus pandemic are starting to use things like apple pay, samsung pay a lot more, they kind of sb swipe it or wave it over those machines but it has been much more of a phenomenon in china even without the virus pandemic, is that wright that is correct already a big take up of the financial payments, Digital Payments mainly because over decades, the estate banks had been dominant and they are really difficult to deal with. So suddenly we saw alipan and we check pay make it so much easier for people to decide that they will invest in a money market or they will get credit or in some ways do anything that has to do with finance and so because of that, that was the real reason we started to see this massive explosion in these digital apps and then of course there is the pandemic which just hastened the popularity all right. Thank you very much. Still on deck, shares of Big Technology companies under pressure jason ware helps sift through the numbers and which he companies are best poised to navigate all of the challenges todays big number 13. 76 million thats how much amazon spent on lobbying in the first three quarters of 2020 according to data track urse. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. United states cant easily get to a doctor or afford the treatment they need. Thats why goodrx has built a leading consumerfocused Digital Healthcare platform. We wanted to make shopping for healthcare as easy as it is to shop for travel or electronics. As a public company, we hope to provide even more services that help people get the healthcare they need at a price they can afford. Improvement in the trajectory of the market dow jones was implied lower around 400 points, and now about 300. The s p off by 37 and nasdaq 187. Take a look at some of the s p laggards all of the tech earnings pretty much in focus. Firstenergy, devon energy and mgm also in that category. And the impetus for Health Screening that is accepted across International Borders will be key to the recovery for the travel industry. But debate is emerging between the cdc and industry professionals on whether passengers who test negative before an International Flight should still quarantine upon their arrival. Common pass is an app in trials with the airlines where passengers take a covid test before getting on their flight and the data is stored in a qr code it is part of an he was packeff create consistency and standards in Global Travel joining me is paul meyer, part of the nonprofit heading up the app. Please take us through what exactly the ecosystem will look lik you get tested, how many people will accept the results and will it make travel more freely that is certainly the goal. We want to make travel easy and safe so we built an yoe company syst ecosystem of labs where people can get tested action we began trials between london and new york, well be rolling out additional trials with Additional Airlines this month and next before broad scale across multiple routes in january. The idea here is that people it is almost like a health passport, right it is a certification that you are healthy, that you should be able to conduct business or travel more freely but it should come at a cost, right . Can you take us through the economics behind it . How exactly will travel Industry CompaniesLike Airlines and hotels take this, how do you pay for it well, it is a free service for people and it algalways will be but i want to step back. What were attesting is that people have been tested and eventually when they start getting vaccinated, we can also convey their vaccination records. We cant quarantine that people are healthy or have covid, this is just about reducing risk. Were basically saying people can get a pcr test,tes eventually vaccines and be able to demonstrate that they have those things for reducing this so who exactly will kind of foot the bill . I can see a world where the cost of these testing protocols are paid for by the Airline Companies and in way perhaps passed to the passenger overall. So maybe like 10, 20 of my ticket fare or my hotel room or train fare or Something Like that is part of this testing process. Is this something that we can expect to see for the coming years and decade, will there be more of a focus on this type of pandemic prevention protocol and will we pay for it i think the cost of the testing ultimately will be born by the passengers. And i think as testing becomes more and more available with more and more locations, that is something that will be the responsibility of the passengers to take on in terms of the cost of our platform, it will be relatively low fee that the airlines will lik