are buzzing for a bullish story which suggests the dow could soar past all time highs. argues stocks are healthier today. our what's working now series continues. in just a few minutes, we have mark mobius joining us with his take on the emerging markets. he travels world looking for the best bets. and at 6:30, the ceo of rbc wealth management, john taft. at 8:00, we'll turn to the fixed income markets with jim r reynolds. plus neel kashkari will be offering his stock selections, as well. and this morning we are going back to school. this is the official kickoff of the squawk endowment. we'll welcome money managers from five top universities. first up this morning, we have notre dame. unbelievable with football, too. he we won't be talking football, we'll talking stocks. but still undefeated. later this week, we'll also hear from northwestern, the university of texas, university of michigan and stanford. first, though, joe has the top headlines. >> you know in the panic of 1907? >> 1907? >> did start in 1907. that's true. in october. do you know 1929, do you know when the first -- >> i know that was october. >> black thursday, october 24th. black monday, october 2th. black tuesday, october 29th. >> that's why we fear the ides of october because we're getting in to scary sessions? >> mini crash in 97 ta'97, octo 27th. i just -- if you've been a stockbroker, october is just -- do we know for sure that the 15th is called the ides? >> i know it's march, and -- >> other times it's the 13th or 14th. not necessarily -- >> we would be going into this for the first time because the 139, 14 13th, 14th, 15th, we wrap it up in one day. >> but i don't think there has ever been a big stock market selloff in october of an election year. and especially -- i'm not sure. but especially it would seem unlikely with the fed in the position it's in and the rest -- >> qe infinity. >> right. but then you wonder if something were to start unraveling, i don't know if that would happen now because europe we've been dealing with so long, but do they hand the emergency -- to they have anything left in a big way? >> my guess is they could coordinate with some of the other central banks. >> you mentioned notre dame. that was dicey there at the end. >> and who else won? >> yeah, i saw. >> rutgers. undefeated. >> that was touch and go for a while, too. >> it was, but in the end -- >> and we have stanford and texas. texas played oklahoma. did you see that score? let's get to -- we knew most of this i think from david faber. softbank's founder and dan hesse announced the deal this morning in tokyo. the japanese mobile operator will buy up to 70% of the third largest u.s. carrier. about $20.1 billion and softbank will get access to a u.s. market that still shows growth compared to japan's market which is stagnating. meantime sprint will get the fire power to buy competitors and to build out its 4 g network. meanwhile a new poll finds economists forecast only tepid growth. unemployment seen back above 8% for the first half of 2013. good news comes in the quarterly survey by the national association for business economists and that is the housing market is recovering faster than expected those polls say the economy likely won't fall off the fiscal cliff. and nabe's vice president will join us along with steve liesman at 7:30 eastern. at 8:30, september retail sales and the october empire state survey. so we'll see how business conditions are around here. and then at 10:00, we have business inventories and earnings season is in full swing this week. profits of s&p 500 comes are seen dropping 3% this quarter year over year. that would be first decline that we've seen in three years. 6% of the s&p already reported. 59% of those companies topped expectations. that's less than the average beat of two thirds. half the companies are beaten on revenue while a quarter have missed profit forecasts. >> we got 80 s&p 500 companies reporting this week, a dozen dow components. so get ready. is your chair shorter today? because i feel taller than you and that's not the case. >> do you have your hemorrhoid pillow? >> i always sit on that. >> mac, what's -- >> now i'm going to have you bugged out. >> i don't like being -- how is that? >> there you go. now you're back in our normal positions. >> i don't like talking to mr. potter like -- i hate that. >> i don't like feeling like i'm taller than you. that's bizarre. >> the man should -- well, i don't want to go there. if women are tall, that's fine. nothing wrong with short people. >> did you see the guy who jumped there the space -- >> i was doing something. i was aware of it because of the twitter, people twitting like crazy. i was swimming. people were into that. >> i didn't think i would be mr. to it. but it was on tv and i just got caught into it, but i was complaining the whole way and when when he -- >> couldn't he have waited pour more seconds to parachute? he can at any tididn't break th. >> but think about how you're spinning that whole time and trying to keep consciousness. crazy. >> i saw his family cheering and i thought, oh, oh, my gosh, if this were your son -- >> if you were single and went to a bar, it might be something you can use. not something you hear every day. i just broke the speed of sound. >> i was watching the thing as he dropped. i didn't watch the post coverage. >> does a body make a sonic boom? >> i don't know. >> did you see this painting that was sold? how fast -- let's see. 833.9 miles an hour. >> that is faster than the speed of sound, but what i was watching on the screen did not show that it got that high. >> really? >> i just watched on discovery, the quick news drop. >> discovery had the big h-- moe importantly, the third season of walking dead started last night. >> which our director stayed up late for. and so he is the walking dead today. be careful what you do. >> how would that be any different? >> you love paul and you know it. >> he's probably happy that -- you know, the bengals, it's not always good to receive. sometimes it's nice to give. isn't it? and cleveland was 0-5 and you don't want a team to -- somebody's got to lose eventually. and if the bengals feel, you know, nice enough to -- so now cleveland is 1-5. but the whole cincinnati connection lately has -- >> been going the wrong way for you. >> well, yeah. jeter. >> rough weekend for yankees fans. broken ankle. >> that would hurt, wouldn't it? >> he doesn't have to have surgery, but i think he'll be out for at least three months. >> i was reading about pete rose talking about how unlikely in his view it was that jeter breaks the record of whatever. and he said plus he'd have to get 200 a year hits for the next three or four year, plus he has to stay healthy. and it was just weird that he said that last week. a jinx. take it back. >> let's get to some of our global markets news. >> it is the ides of october. >> well, some people say it's a scary time. that's not what barons cover story says. if you're watching the future boards, there are a lot of green arrows. and if you're looking to make money in all this, investing globally might be the answer. joining us from singapore is mark mobius, templeton emerging markets group executive chairman and thank you for being here. i know we'll be talking about the emerging markets, but before we get to that, i'd like you to weigh in on the story saying is to bes stocks are at great levels, could be soaring from here. do you buy into any of that? >> we're definitely in a bull market. not only in the uts, but also in emerging markets. and in emerging markets, the valuations are cheaper than what you have in the u.s. so putting this all together and of course looking at the way money supply has been increasing, i think the bull market will continue. and now we'll probably see emerging markets outperform the u.s. market. this last year, emerging markets have underperformed. now i think they'll outperform. >> it's interesting that you point to the money supply and what the fed has been doing with qe-3 as the reasoning. part of the barons story has to do with where price and earnings are, but you think this is more a story of what's been happening at the fed's level? >> yes. they're the leader globally. they have sort of set the points that everybody else follows, including the europeans, the japanese, chinese, so forth. so everybody of course is competing to devalue their currencies as much as possible without creating big cries cease. >> wae want to talk with b. where you think the best places are to put your money. south africa you think gets overlooked. what do you see there? >> no question the mining sector is in trouble because of the strikes that we've seen. but their consumer sector stocks, particularly those in sub saharan africa, a lot of these companies moved up north and have started selling to the rest of africa. and that is quite an interesting story. so that's the place where i would think you want to be. not to dump the mining stocks because they may be able to work out the mining stocks. >> i didn't realize south kaafra had the 18th largest exchange in the world. a very liquid market. >> very liquid market, very deep market, it's a coulddiverse mar. you have consumer stocks, department store, mining stocks. which is why it's a great entry point to the rest of africa. we're in nigeria and kenya and other place, but you run into liquidity issues in some of those markets. >> also when you start talking about commodities and how important they are to south africa's economy, you say if the global economy improves, that could be a real boost to the south africa market. how likely is a situation like that? >> currently what's happened is the chinese have slowed down in their purchases of commodities. but they continue to purchase. so i think we have to be cautious on some of the commodities, but things like oil of course is going to continue trending upwards. i would say nickel, platinum, going forward probably copper will have a nice run, as well. construction will continue. construction will recover globally in china and india and other places. >> what do you think about chinese stocks? >> we're cautious on the asian market, but we are going in because we think the prices are getting attractive. the nice thing is that it has a lot of consumer stocks that you can't find in the a share or the b market or red chips. these are the ones that foreigners can buy. we've just started an a share if you said. investor will be back, but it will take time. >> we spoke with jim chanos and he looks at the a shares and gets very concerned because as you mentioned, it's not domestic investors, it's foreign investors putting money in and a lot of time having trouble getting any sort of returns on it. what makes you think this is a different time? >> there are some stocks in china where the margins have been squeezed. there is consolidation taking place. there will be a lot of losers and a few winners. so what we have to do is pick those that are the consolidators, in other words, who will be able to at that time biggest market shares in various sectors of the economy. so in that sense, you have to be really careful and of course you've seen what's happened to the chinese stocks listed in the u.s. but again, there will be some diamonds among the rocks that we have there. so it's a matter of picking stocks. >> when you look at the bric nas nations, do you see them as one group that move this is tandem or can you break out brazil from russia, from india? >> you it definitely have to break it out. india, china, russia, brazil, all very different. the concept, bric concept was very clever because it gives customers who buys funds a good way to conceptualize emerging markets. >> you mentioned brazil is a place that you're still pretty concerned about? >> i like brazil because it's such a varied economy. you have very active consumer market. you have commodities. bothing ing are growing. the problem in brazil is the currency. it's too expensive. they're trying to do something about it. they want to print, but they went to hyperinflation in the early 90s that they don't want to move the way the u.s. moves. which is why they complain about the currency war. but that's the only negative i would say. otherwise it's very exciting. the other thing we have to watch of course government intervention in the economy. as you know, they've been imposed upon by the government to do social project which is may not be profitable. so that's something we have to be cautious about. >> we're always looking for new i see you've come up with one. can you explain it to us? >> actually, i didn't come up with that it was some broker, i don't know which one, but bric was a great concept, forget about about all the other acronyms. they're not worth it. too confusing. >> civets was what it was. >> sounds groess. >> how they put it together, i don't understand it at all. frontier funds are the way to go in my opinion. you have 50 other countries, as well, you can choose from. >> i think you have to shave your whole body to get civets. no way to wash all your clothes. >> mark, thank you very much for joining us and giving us all the wisdom this morning. >> there's like four months where it's the 15th. and october is one of them, wheres it is the ides. i got some other things that i'm looking at here. do you know when the last time south carolina was in the top five? 28 years. i mean, south carolina is not thought of as a football powerhouse. they're number three now and they play florida this saturday. lets's check on the markets. last week was rough, but it looks good today. up 33 points. beware anything that ends in teen. anything in october in fact for the stock market. and then you have barons piling on being bullish. that's the last thing we need. there's what's happening in asia. we seem to be getting kind of immune to or desensitize to paying almost $4 a gallon. the ten year hasn't moved aunt don't expect is to. why the euro is 1.30 con founds a people. and finally gold, i saw an article about how much gold has really advanced.people. and finally gold, i saw an article about how much gold has really advanced. you can blame it on whatever you want, but we have had a very accommodative fed and central bankers around the world. and what did bernanke wants people to have stronger currencies? >> did he specifically say stronger currencies? he said the emerging markets, there's not a strong argument to say they're suffering more than they have benefitted from the global economy getting a boost from this. >> still to come this morning, mark mobius travels the world and you just heard from him. okay. our next guest uses a mid western senseability. the ceo of rbc wealth management, john taft. and i think he is related to all the tafts. >> great grandson. >> you yeah, to all the tafts. there are eight presidents from ohio. an important state. yeah, he joins from us minneapolis, though. first, though, arlen specter died. the 82-year-old switched parties in 2009 and his senate career then ended when he lost the democratic primary as you might recall. in our headlines this morning, microsoft announcing that xbox music will be available for its game consoles starting tomorrow. it's a digital music service that will be expanded to windows software based computers and tablets later this month and phones shortly after that. >> suppocardinals took game one the nlcs. beltran hit a homer to help st. louis. the final scorecard natural cardinals 6, san francisco 437 game two tuesday night. i will say on the record i don't like the giants because of what happened to the reds. as it was happening, i didn't like any of the players, i didn't like what her doing. so i'll have to say i'm -- >> going for st. louis. >> draw. sanchez shut down the yankees line up. and football news, aaron rodgers threw a career-high franchise record six touchdown passes to lead green bay to a 42-24 win over houston. and the packer, that was the first -- only the falcons are still unbeaten. a field got lifted the falcons to the win over oakland. the falcons are the only unbeaten team left in the nfl. and seattle beat new england. that's weird. with just more than a minute left on the clock. russell wilson connected with sydney rod on a 46 yard touchdown pass to beat the patriots 24-23. the giant as intercepted alex smith three times in a rout over san francisco.s intercepted ale smith three times in a rout over san francisco. they were doing pretty well before that. eli manning threw for 193 yards and a score. bradshaw rushed for 116 yards and a touchdown jets looked like a powerhouse. happy for woody. in college sports news, first bcs rankings are out. alabama is still on top. she look tough. crimson tide followed by florida, oregon at number three, kansas city and notre dame at four and five. you but you got florida and south carolina in there, too. and of interest to becky, number 20 rutgers beat syracuse 23-15. i think cincinnati also won and are ranked now. p. >> of course you also had notre dame. >> we'll talk to the guy from the endowment at notre dame. this is the first time i'm not old enough to know what google is talking about. have you ever heard of this guy, sl nemo and slumberland? like early 1900s when he put together a comic strip which was a prelude to walt disney. just because of high quality cartoon strip. and you have to be really old to have seen this. but google devoted a lot of time to it. let's get to the national weather forecast. danielle banks joins us from the weather channel. >> good morning. hope you're having a great monday. if you're feeling like a sleepy head and finding it's harder to beat that alarm clock, here's why. the rain always makes me tired and you can see who getting clobbered by it. it's shifted over to western north and south carolina and still even our weather channel studios here in atlanta, we can hear the thunder rumbling just a couple of hours ago. so a slow moving thing. some of you having to deal with it on the way into the office. we also zero in on a few showers up into northern michigan, a little bit of wet snow out there. and then a few spotty showers across the northeast and also over into the northwest, another spot where we could see some travel delays before the day is out. back to you. >> thank you. appreciate it. coming up, we have the great grandson of president taft, his take on the barons story and whether stocks are toward soar. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. 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