Can we do about it plus four stocks to trade those global water fear approximates. We begin with shares of General Electric hitting sevenyear highs on the back of its latest earnings. The stock has not closed at 29 or above since yawing august of. Its slightly below that and moving higher, about 12 so far this year. Is all the restructuring working. Mary thompson breaks it down for us. A lot of investors are at least betting it will work. Ge in the midst of a massive restructuring and it delivered stronger than expected profits for the thirty quarter even as revenue missed estimates. The better than expected earnings helped by strength in the aviation and transport businesses and the news it plans to sell its majority stake in the Consumer Finance arm has helped to push shares to the highest level this is seven years. The exchange will lead to a 20 billion buyback, twothirds of the 30 billion in capital ge is returning to shareholders this year. 2015, of course, has been a transformative year for ge. Its keeping a tight rein on cost to improve margins. And its ahead of schedule in selling 200 billion of assets in its once mighty finance arm. Its all part of Ceo Jeff Immelts plan to generate 90 of profits from its industrial operations by 2018. One analyst said ge, which is underowned by many big investors, is generating more attention thanks to the rapid restructuring and the recent investment in the firm by nelson peltz. Back to you. Thank you. Lets go to breaking news with phil lebeau. Phil . And tyler, this is one of those headlines that search going to look at and say, oh, this is pretty darn serious. You have united Ceo Oscar Munoz, who has been on the job over a couple weeks, hes suffered a heart attack within the last 24 hours and is at a local hospital. We have calls into united. Were trying to get some confirmation and assessment of the situation, but again according to dow jones, united Ceo Oscar Munoz, who has only been on the job three or four weeks has suchered a heart attack and is at a chicago hospital. As soon as we have more details well bring them to you. Thank you for that news. A busy week for earnings. A huge one next week. Dominic chu with the hits and misses. Lets look at the scorecard and then tell us whats coming up. Huge is a an understatement. Weve had 58 reports, 1 10th of the s p 500. 71 have beaten estimates. Thats just about what we would expect to see at this point in the earnings cycle. So the analysts on average guess something 71 of the companies have beaten. About 10 , 1 out of every 10 companies have met analyst expectations and here you can see about 20 , 19 have missed here overall. Now, the reason why, tyler, like you said, its going to be a huge, huge week for earnings because now weve got over 100 s p 500 companies slated to report. So about 20 of the overall index. United technology, wednesday ebay, boeing, cocacola. Thursday, google known as alba fet, mcdonalds, microsoft, at t. Friday a Proctor Gamble and American Airlines. If you look at the overall Earnings Growth rate, thats going to be the interesting part because if all these analyst expectations come to fruition, you could see blending Earnings Growth downgraded 4 . It would be the First Time Since the financial crisis. Revenues not much better. Down 3. 7 . So yaefoverall, the expectatione not good. If they go negative, it will be the First Time Since the financial crisis. The dow is nonetheless on track for the first threeweek win streak since february. The s p 500 a twomonth high and on pace for the best month in four years. Can you believe it . Health care stocks here leading the way. Bob pisani joins us from the nyse floor. It feels like its been a stealth rally, bob. The reason it feels that way is theres no obviously strong leadership. Its not like oil is coming out of the box or even were getting dramatic turnarounds in biotech. Its been up and down, but we are consistent. Were up fractionally for the week. The s p 500 kind of meandering around towards the end of the day but still solidly in positive territory. As you mentioned, health care a modest leader but i want to mention were getting Big Industrial names. Ge not bad and honeywell had very good numbers overall, and more importantly they essentially said for the full year theyd be right in the middle of the consensus estimates, 6. 10. Down a little bit here today, but overall a very good number. I want to show what the effect of the strong dollar has been having. I have been pointing this out for a long time. They reported organic Sales Numbers were up 2 , but the reported numbers, which includes the effect of currency down 2 . This is the aerospace division, and they have three major divisions. It was the same in all three of them. Automation and control, thats the segment that does the environmental controls and the security products, up 3 but the reported numbers that include the currency down 3 . Let me mention suntrust finally ended the big banks that are coming out. They had good numbers and theyre up for the day, and mandy and tyler, the important thing is generally the banks are on the upside this week in contrast to the way they usually are at the start of earnings season. Thank you very much, bob. Well get back to you shortly. Theres a ton of fed speak lately. Youve probably noticed. More than 40 fed heads speaking over the past 30 days but there were only three things that mat erd and moved the marketed. Steve liesman, thank goodness you have sorted the chaff from the wheat or the sheep from the goats because this communication was getting confusing. And the question is is the market hearing the fed correctly . They may be getting it a little wrong. First, i want to get into this issue, weve been counting with the help of my producer elizabeth the number of fed speaks between meetings, mandy. January, call it 20. 30 is normal. And then a huge number, 42 between the september meeting and the october meeting. These are just the speeches, dont count interviews. Some of them are not policy statements, all the official presentations by fed officials. But now lets take a look at what move the fed funds futures yield for the december fed futures or counting ought whats happened essentially, number one here was the statement. So the market read the statement as being essentially dovish so that yield began to come down which is the same thing as a probability of the rate hike coming down. Second thing, jobs report. And three here was brainard tu rue low right there. Again, a big jump essentially getting rid of any possibility of a december rate hike. Lets look how the market reacted. At first bad news was bad news, okay . Stocks fell as the probability of rate hike fell and then with the jobs report it started coming back. Mandy, the with unpoint i want to make here is this, we have eight fed president s who asked for a discount rate hike. Thats a typical way that they basically used to presage a rate hike. We have a lot of fed speak. A lot of people still saying a rate hike is possible this year. Im not saying the market is wrong to discount it. It just feels like theyre way, way, way over on one side of no rate hike this year. If we were to get a rebound in the jobs report and stronger growth in the months ahead. You were right for september so whats your feeling now . I feel like theyre not going to go in october. I think december is still a live meeting and it feels like the market is a little on one side. December still in play according to mr. Liesman. Thank you very much. Depending on the data. Always depending on dat that. Dominic chu, you have a new alert. Its friday, it must be bakers hughes rig counts. Right now we have a total u. S. Actually the headline, well do that first. Oil rigs are down 10 to 595 u. S. Oil rigs, down 10. Total rigs dropped by 8 to 787. Now, of those u. S. Rig counts were down 1,131 rigs from the same time last year. Oil rigs, thats total, oil rigs are down 995 total rigs from last year. All of this, of course, in context of near record production levels for oil that continue to hover there right now, but this again is another data point. This time we see a decline of ten oil rigs from the same time last week, 595. I wake up every friday morning not thinking about golf, not thinking about the weekend, but about the weekly rig count. All right. Last night the nevada gaming control board announced that daily Fantasy Sports like draft kings or fan duel constitute gambling and under this decision unlicensed daily Fantasy Sports operators, which is basically all of them, have to stop br operating in neve effective immediately. Comcast is an investor in fan duel we should point out. Chris grove is the cofounder of legal sports report. Com. Welcome, chris, or welcome back i should say. Does this effectively put them ought of business in the state of nevada or can they apply for a gambling or gaming license and get back in the game . Gaming control has made it clear there is a path to licensure for daily Fantasy Sports operators. For the time being it seems all major operators have exited and were unlikely to see any of them serve as players in nevada for months, if not years to come. So does this mean that if i am a nevada resident who is right now in reno, i cant access or play on their websites . Are they blocked somewhere . The approach that every operator is taking is somewhat unique, and theres an interesting question that lies beneath what you just asked. What are regulators in nevada going to require of these operators to prove that they have fully exited nevada and that theyre taking proactive measures in order to ensure that players from nevada are not accessing these sites . There are no universal standards on that point. Each operator takes their own approach and were all watching very closely to see where gaming is going to draw that line. Should we be surprised at all, chris, that this move, a first move to designate them as gambling sites, comes out of nevada, the only sort of state in the country that has legalized Sports Betting that i know of and where the casino operators certainly have lots of reasons to dislike these sites . I think that daily Fantasy Sports has been on a collision course with the commercial Casino Industry for some time now, and that this decision from gaming is just the first manifestation of that conflict. I think were going it see this question addressed in other states in short order that also have a substantial commercial casino presence. Thats not to say its going to come down the same way in all those states as it did in nevada, but i think nevadas decision does accelerate the practi process. But is nevada the Central Place for Sports Betting and it doesnt take place in other states yes, thats accurate in terms of legal Sports Betting, nevada certainly the epicenter of activity in the u. S. Legal Sports Betting. There would be no other kind of Sports Betting im sure, right, chris . Nope. Chris, have a great weekend. Well see you later. I got the redskins sunday with the points. Mandy . Water worries a Government Data showing 40 out of 50 states will suffer some water crisis in ten years time. Just how bad its getting and what we can do about it. Plus four stocks to trade the global water crisis coming your way next. Youre watching cnbc, first in business worldwide. Data showing 40 out of 50 states welcome back to power lunch, everybody. Glad youre with us. Im Tyler Mathisen. Shares of twitter jumping on a tweet, yes, a tweet, from former microsoft ceo Steve Ballmer regarding his stake in twitter. Ba ballmer said he built up a 4 stake. Shares of opco health jumping. Jpmorgan is starting to cover that firm. It started the coverage with an overweight and a 14 price target. And tmobile is going to transfer its Stock Exchange listing from nyse to the nasdaq. Shares will start trading on october 27th. Time for a market flash. Tyler, were watching right now shares of joy global nearing their worst levels, down by 6 . Analyst at bmo capital cut the price target to 21 bucks a share. It used to be 25. The broker age says it expects continued sales declines and profit margin pressures as mining customers cut back on all those capital expenditures. This stock is down 65 , twothirds of its value shaved off this year alone. Painful for shareholders. 70 of our planet is water but only 3 is fresh water. Twothirds of that is trapped in glaciers and here in the United States the Government Accounting Office believes that 40 out of the 50 states will be dealing with water scarcity by the year 2025. Do the math. Thats not that far in the future. Seth just wrote laet theet the water. A book about how israel has solved their water problems and he joins us with dean drey. Gentlemen, thank you for joining us. Seth, lets begin with you. As a kid growing up in australia, i remember sometimes having to fill up the tub during really bad droughts, and thats all the water that we had to use for the whole day, but you know what . Filling up a tub isnt a great solution over the long term. What does the u. S. And especially california need to learn . The most important thing is to have a national plan, and i must say we dont have one. We dont have one in terms of in fact. We dont have one in terms of agricultural policy. We have a federal highway bill every year, a farm bill. For some reason we dont focus on water. We approach water in a hodgepodge way as we did 100 years ago when we had lots of water and a lot fewer people and a lot less of an industrial economy and we need to bring our water policies and our Water Governance up to the 21st century. Sounds like an excellent thing we need to do, seth. What can we learn specifically from israel and maybe even australia which has a lot of desalination plants, albeit very expensive. Takes a long time to build. Nonetheless, what can the u. S. Do . By the way, australia is widely considered to be among the two or three best water countries in the world, but to focus on what israel has done, israel, first of all, revolutionized its farming practices. Agricultural generally around the world takes up about 70 of a countrys water. So if you can reduce your water consumption for agricultural by even 10 , thats a lot of extra water for household use. They came up with a new way of irrigating crops. In most of the world fields are flooded. In israel they put drops of water on the roots. They also use sewage. They treat it to a very, very high level so you could drink it if you had to and then but you dont, and then they reuse it for agricultural. In israel its 85 to 90 of the sewage is retreated and use for agricultural. In the u. S. Its 7 . There are countries including singapore that drink that reconstituted sewage. Last question and i dont mean to be cute by saying this but is possibly the worst thing that could happen right now for california the fact they might get sustained rain because then maybe policymakers would say the crisis is over. We dont need to work on this immediately. Mandy, you put your finger on the greatest problem. That happens again and again because there is an expense to fixing water systems. You have to have smart tax policy or spend money for infrastructure and politicians really dont like to spend money for things that are under the ground that voters and consumers dont see. They like to spend money for parks and schools and hospitals but not for water systems. And if it rains theyll say, oh, theres enough water now. Our aquifers are refilling. We dont need to do another thing for several years and that would be a terrible decision right now. Thank you very much. Really interesting to talk to you, seth. Thank you. Dean, lets turn to the investable angle. A lot of people have tried substitutes like wine but there really is no substitute for water at the end of the day. We need this. Its investable, but how . So the whole concept of investing in water has enduring mega trend appeal. Everyone knows that were facing water scarcity issues. Everyone talks about Climate Change. California has been on the front side of this issue. But the reality is the way to invest in water is actually pretty frustrating. Some of the best businesses are divisions of bigger multiindustry companies that i follow. There arent a lot of pure plays, and so theres a disconnect between the interest in investing in water and the actual companies to be able to invest in. So give us some ideas here. You know, you say there arent that many pure plays, but there are lots of ancillary companies and sectors that are related to water. Give us your best ideas. Absolutely. So within the coverage of multiindustry and Electrical Equipment we have atr bc, half the companies we have have a meaningful water business. Xylem is the spin out from itt three years ago. Thats 90 water, and theyre moving up the Technology Scale to do more business and treatment and analytics. Wed like Higher Technology in water. Danaher is the Market Leader in water test. Roeper is the largest smart water Meter Company in the world. So when you think about Companies Like pent air also, nd sal nation doing pretreatment. So theres ideas there if you go hunting in the right places and move up the Technology Scale, there are ways to invest in water. Dean, thank you very much for joining us today. Happy. Tyler, over to you. Fascinating conversation. Yeah. Wynn, repost, and nestle, the latest company to raise fears about china. Theres something we could see in the report on monday we have not seen since the financial crisis. Thats still ahead. Youre watching power lunch on cnbc. Moment to take a pill . Or stop to find a bathroom . Cialis