Goldman ceo talking to david about the stocks. A pocketsized drone. We have ideas about what this drone could be used for. Dont google it because we want to tell about you it. China pointing its first china ceo and announcing it wants to have 5,000 stores there by 2021. Howard schultz will join us from shanghai. They have to open a store every single day between now and then. If they continue to keep it up, talking about their concerns about china, a store a day for years is their plan. Earnings and the election, two of the big stories on the minds of investors today. Covering the earnings. Hes in las vegas with a preview of tonights third president ial debate. Bob, why dont you start us off here. Its early, but im pretty happy. Im getting excited because the numbers are better than expected right across the board. We got more Bank Earnings today. You know Morgan Stanley, some of the Big Money Center banks, theyre doing well. I like the regional banks, the bb t, us bancorp. Theyre moving earnings estimates up. The s p 500 will probably go positive on that. The first big surprise on energy today. H hal butt haliburton. Beat by about 6 or 7 cents. Earnings doing a lot better and north america doing better. Dave lessor, the ceo of haliburton. As we look forward, we expect an increased commodity price to stimulate rig count growth. Things are Getting Better for us and our customers. The numbers are now positive for the Third Quarter, earnings and revenue positive for 2. 5 . This is for the whole s p 500. Heres the trend so far. I know its early but im making a prediction. Right now the number of Companies Competing are more than average. How much theyre beating by . Above average as well. Guys, back to you. We hope the retailers dont spoil them, bob, but as you mentioned, more positive signals. Theres a lot at stake tonight for Hillary Clinton and donald trump in the final can you believe it final president ial debate. John harwood out in vegas with the latest. John . Reporter kelly, last of the three president ial debates three weeks before the election. Last big moment for them to directly communicate with tens of millions of americans at one time. But i want to give you a little reality check about just what you can accomplish in this session, much less in the first debate, which was the most watched one. If you look at these numbers, president ial candidates try to change impressions of themselves as well as the other candidate. Look at Hillary Clintons impressions. In january, 40 positive, 49 negative. Now, 40 positive, 50 negative. Almost no movement whatsoever. Donald trump, take a look in january. 29 positive, 58 , i believe, negative. If you look at his positivenegative now. 29 positive, a little over 60 negative. Almost no change. And now look at the ballot. In january Hillary Clinton in the twoway race led donald 51 to 41 . Now Hillary Clinton leads 51 to 41 . Si so a lot of this is fixed. Donald trump has developed a strategy in the last couple debates to intensify his base. It may be realistic because its not very easy to expand that base. For Hillary Clinton, shes got a lot on the line in terms of lifting feelings about her diminishing negativity, having people see her as a president who, if she follows through on these leaves and becomes president , can govern on the election. That wont be easy for her, either. So much in our politics are polarized and attitudes so firmly fixed. Tonight is a big opportunity but not quite sure how much they can make of it, guys. Im surprised those numbers hadnt moved more. They moved in the meantime, but weve come back to those january numbers, thats for sure, yes. Be sure to stick with cnbc tonight as we bring you live coverage of that final president ial debate. It all begins 9 00 p. M. Eastern. Speaking of movement, we have stocks moving higher, oil as well. Oil at a price we havent seen in over a year. Lets get to the closing bell exchange. Both of them at post 9. And Rick Santelli checks in from chicagoland. Kenny p. And by the way, we had the beige book out today. There, we acknowledged that. Wh what do you make of this market here that kind of just chugs along . Lets just say it for what it is. If anybody thought the banks for sure would report kind of bad or negative or weak numbers two weeks ahead of the election after we spent all this money, youre out of your mind. Theyve all reported great numbers, and analysts have cut numbers so the magnitude of the report looks even better than it might have been, so its all well and good. The market rallying. The market telling us its expecting a clinton win. Not really sure whats going to happen in congress yet. Are are they going to lose the senate, are they going to keep the senate . Whats going to happen in the house . I think thats where the trouble could come if there is trouble. Right now its all good. All the news is positive. Everyone is raising their guidance, everyone is talking about how great it is and so the market is rallying. So jason, you actually think the consternation people have about politics could be bullish for stocks . There is a lot of concern about the uncertainty and so forth that has People Holding back on money they otherwise would have wanted invested, even in an environment where cash Means Nothing and its performing where they need to be. There are people who want to be in this market, and i think that will keep the market resilient and potentially push us higher. Rick, i want to give you this number today. He wasnt as negative as some Money Managers have been recently, like david tepir or David Chamberlain or others. Heres what he said. I think youre going to see a little growth in europe this year, i mean for the first time. Its not going down anymore. So i dont think things are as bad as people i dont know why the hell theyre thinking of having an Interest Rate hike. I dont think we need a stronger dollar, but i think things are not nearly as bad, and as i said to you, i think theres huge opportunity on the core side. What do you think, and do the markets you follow in fixed income and foreign exchange, do they reflect that feeling right now, do you think . Listen, hes a smart man, he has a big portfolio, but in terms of just the one comment about europe. Obviously hes not investing in the banks or the financial side, and when he said a rate hike, why do we need a rate hike . Maybe thats why hes not investing in the banks, and if he is, listen, maybe the return isnt as good. The Central Banks have created a landscape they thought would give us growth that hasnt. To keep the stock market up, not only do you have the likes of the bank of japan buying stocks, you have our central bankers thinking about buying stocks. His endorsement was far from a ringing endorsement, basically talking about a little growth to europe is not, in the old days, considered truly optimistic. I think when it comes to the big Money Managers, theyre in the money game. Theyre always going to find sgchlt there it. There is always a game in town, according to jim cramer. The stronger dollar is good for the masses in this country. Look whats going to happen in the usa, inflation is moving up, companies are moving prices at 10 swoops. I think there are two sides to every story, and it doesnt surprise me when you interview six, seven, eight of some of the brightest Money Managers in the game that you can always find one or two that have something positive to say. Jason, what do you think is the most attractive part of the market right now . Jason . I would say the strongest areas of the market have really been the combination of emerging markets, asia, japan, and in the u. S. Market, mid calf value funds have been doing very well. Were also seeing nasdaq doing well also. Its been pretty much at alltime highs. Its been paying to be optimistic. Its been paying to go for riskier assets, and i think thats probably going to continue. Same question to you, kenny. Where do you see opportunity right now, or where do you see the money flowing right now . In this country for sure, and i think the firmoney is where y want to be. Midcap and other names will really benefit as a result. Thank you for your thoughts today. Good luck tonight, rick. The debate is tonight. I want to see a lot more hitting by the cubs and a lot less hitting by the candidates, how is that . There you go. You got it. We have a news alert on google. Julia with more on that. Whats going on, julia . Cbs has struck a deal with google to participate in an over the top digital project that google has in the works. This is according to a source close to the situation who also tells me other networks are not far behind. My source tells me this is a skinny bundle in the 30 to 40 range that will be a broadcastcentric product with the Live Broadcast Networks as well as some affiliated cable networks. Google is aiming to launch this product in the First Quarter of next year, and it could launch even if it cant get all the broadcasters on board. They note that the service will be called unflugd. Cbs and youtube says they have no comment. Disney and fox have not yet responded to my question for comment. Belle . I guess there were some reports at the time that apple wasnt willing to pay up. Is there a sense that if google gets this to work, they are paying big bucks . I think what google is trying to do and what apple is trying to do may be different. What im hearing about this is its specifically the broadcast networks. Less mendez has talked about how he wants his broadcast network to be included in skinny bund s bundles. Apple may have been trying to do something bigger. It will be interesting to see here which broadcasters want their networks to participate. Cbs has the advantage of just being cbs. If youre negotiating with, say, disney, they might be trying to sell a larger bundle of channels. Right. And if youre comcast, if youre nbc, you have additional distribution issues in there. Its not just like a cbs issue. Well wait for more reporting, basically. Thanks, julia. So complicated these days. Lets take a break. We have 7 minut17 minutes left trading session. Louis blankfein. Hell join us in a moment with the highlights. Pennsylvania governor ed rendell, both will join us to preview tonights debate and what each candidate should do to ensure victory in november. Starbucks is doubling down, looking to bring its employee rate to 5,000 in the next few years. This is closing bell. You work at ge . Yeah, i do. You guys are working on some pretty big stuff over there, right . Like a new language for crazybig, worldchanging machines. Well, not me specifically. I work on the industrial side. So i build the worldchanging machines. I get it. You cant talk because its super highlevel. No, i actually do build the machines. Blink if what youre doing involves encrypted data transfer. Wait, what . Wowwww. Wow . What wow . There is no wow. I am benedict arnold, the infamous traitor. And i know a thing or two about trading. So i trade with e trade, where true traders trade on a trademarked trade platform that has all the. Get off the computer traitor i wont. cannon sound i wont. Keeping the power lines clear,my job to protect public safety, while also protecting the environment. The Natural World is a beautiful thing, the work that we do helps us protect it. Public education is definitely a big part of our job, to teach our customers about the best type of trees to plant around the power lines. We want to keep the power on for our customers. We want to keep our community safe. This is our community, this is where we live. We need to make sure that we have a beautiful place for our children to live. Together, were building a better california. We already know amazon wants to deliver packages by drone, but now theyve been issued a patent for a drone that fits in your pocket. Its patent filing. It could replace police video dash cam videos. It could even help you find a lost car in a parking lot. Amazon did not specifically reference its Artificial Intelligence assistant alexa which you find on the amazon echo, but its pretty understandable that the company may build it into their drones. When i first saw it, i thought it was a pocket drone. How does it fly out of your pocket . It sounds dangerous. Fly, fly, little drone. Find my car. And using this for police work makes a lot of sense. I guess the only question is practical ability. Plug it into your phone, watch what it sees as its flying around. It makes a lot of sense for something that sounds a little crazy. Its very much on the drawing board right now. Its not even near any pro prototype, i dont think. Talking the election with our david favor just moments ago, and david joins us from the goldman innovators summit. Hi, david. Reporter hi, kelly. Mr. Blankfein in sort of a retrospective but speaking broadly about history when we were talking specifically about whether its the markets or regulation or where things stand right now for the Financial Services industry. As you guys know, earnings have been pretty good over the last week or so that weve heard from the major banks, including Goldman Sachs. But the stocks havent reacted that positively, and i did ask mr. Blankfein whether multiples to book values would return, or if well see changes in the way Financial Institutions are viewed more broadly. Heres his thoughts. There are cycle to see these things, and sometimes the cycle takes so long you think this is permanent. We had the Great Depression at one point. We had a lot of regulation. It was a long time ago, but we had time for, you know, memories to dim, for regulation to get adjusted, for it to go too far in the wrong direction and recover and get into a much more severe direction, and those cycles have taken place. So if you ask me is this the end of all cycles and is this moment frozen . No. Of course, as to how long its going to take to get back to a different cycle, mr. Gla blankfein wasnt saying. He didnt think the markets were aligned as much as they could be, but appropriately priced securities wasnt there as much as it has been in the past, guys. By the way, i heard you ask him about his health but didnt hear what he said. He said he thinks hes cured. He ended his chemotherapy treatments about eight months ago, and he said that, o course, the generalecline that takes place in your early 60s can sometimes mask what is a recovery from a serious illness. Of course, he had nonhodgkins lymphoma. But mr. Blankfein says hes cured. And when i asked him about retirement, hes not thinking about that at all. I think you talked about the wikileaks . He did, but he didnt talk about it much at all. He thought it would be used somewhere and therefore didnt offer a lot, bill, other than saying hes not part of an International Cabal to bring down the sovereignty of the united states. Well have to take him at his word. Well make that a headline. Thanks, david. David favor there speaking with Goldman Sachs ceo. As you mentioned, bill, Morgan Stanley matched that today. Overall, the market 73 points for the dow, 8 for the s p 500, 9 for the nasdaq. Were going to hear from both sides of the aisle, next. Howard schultz joins us from china to lay out his vision of nearly doubling the Coffee Stores in that country over the next five years. Stay tuned. The dow is up 7 poin0 point the moment, the s p up 7 and the nasdaq up 8. Facebook shares are also up higher after the social media giant unrolled new features allowing people to order movies and book salon appointments. The move is part of facebooks new strategy of becoming a onestop shop for users. Were under six hours away from the third and final president ial debate tonight between republican nominee donald trump and democratic nominee Hillary Clinton. The debate will focus on a number of topics ranging from the economy to Foreign Affairs and even to fitness to be president. I spoke with democratic Vice President ial nominee tim kaine yesterday. I asked him if wall street should be worried about a potential clinton administration. Nobody should be worried about fair regulations that will enable the economy to grow but in a sustainable way, not in a volatile way that is more subject to booms and busts. We did great regulation, sadly, after the depression that kept our Financial System generally in place, even as we were experiencing ups and downs in the economy for 70 years. But then we allowed a whole lot of transactions to go into an unregulated posture that then helped to take the economy down and we just cant repeat that mistake. We also spoke about republican nominee donald trump and his plan for the economy. I cant imagine any savvy financial person who thinks that the trump plan is going to be better when the independent analysts who are pretty sharp at this say it will be dramatically worse. All right, joining us now from what to expect from tonights final debate, we have greg in New Hampshire and former pennsylvania governor ed rendell is out there somewhere joining us as well. Senator, i was looking at the notes. What youre expecting from the debate tonight. It says chaos and outrage. You dont have very high expectations, do you . I think both candidates objective is to show that the other candidate is unfit to be president. That seems to be the theme of both candidates. Why cant we get into the issues . There are some huge issues. I had to fix the debt with ed rendell, and to fix it you have to address retirement, you have to address tax reform. Neither candidate has been willing to address at all the retirement issue. In fact, hillarys plan expands them, but the taxes have been thrown out there but in a way that havent been substantive or effective. Governor, what do you expect this evening . Do you