Virginia democrat mark warner. Aym an jabbers reported last week milliseconds ahead of other trades based on the feds surprise announcement that it was not tapering. 800 million worth of futures contracts traded in the first seven milliseconds after 2 00 p. M. Eastern time. You saw some massive moves there because this was something the market had not anticipated. Ayman will join us with more later this morning. And the s. E. C. Are in early state settlement talks. Kate kelly is reporting lawyers for the two sides met last week. The group met at the prosecutors suggestion, signaling that embattled sac could resolve the dojs investigation and continue operating as an independent hedge fund. Andrew, ill send it over to you. Thank you, becky. I want to talk more about that story in a little bit, if we can. In corporate news, jp morgan is trying to stop a wave of litigation from the government. Those include their own securities as well as those that they purchased as part of the acquisitions of bear stearns and washington music. The New York Times saying that settlement proposal talk that came this week could have the bank pay anywhere between 3 billion to 7 billion. Its a lot of money and, again, something we should be talking about. Also, alibaba reportedly decided to pursue an ipo in new york after talks in hong kong broke down. Alibabas market valuation would add billions of dollars to the two companies assets. And jpmorgan plannin to hire temporary workers. They did away with coupons. Check on the markets this morning. Again yesterday, you know, we had that one good day when they didnt taper and now i dont know what you know, what is ailing the market. I dont know. Maybe bad news is bad news. Or its, you know, whats going on in the you see, i just saw tony fratto hammering the republicans. And i think greg is not going to say and corker has been mixed. In some points he said he would mix this, hes been tweeting, slamming what ted cruz is doing. Remember the plan that i said yesterday that they were doing was the oneyear delay. That showed up as what they are trying to, i dont know, keep it front and center. So theyre cruz is doing green eggs and ham and stuff and now hes doing the full on. Green eggs and ham . They just have a pile of books . Horton hears a who . Do they have a pile of books they read from . I wouldnt do dr. Seuss. I would do tolstoy, i think. We have the mayo clinic coming on, as well. Mayo and cleveland are both theyre already Accountable Care organizations. So they want to and i want to talk to him about this. Cleveland clinic, they just fired and now theyre going to cut their budget by a lot because of obama care because they said its not this is going to let everybody. I thought it was noteworthy when you had the unions start to shift a little. Other people on the left and then your paper wrote that front page the other day. The front page today in the wall street journal points out some of the prices are set for the new Health Care Exchanges and people who are older and sicker, those consumers should get a break. Its the younger people who will pay more. In nashville, tennessee, a 27yearold male, nonsmoker, could pay as little at 41 a month right now. So thats the question, can you lure enough of the younger, healthier people to offset the cost for the new people. And i cant figure out what happened at the u. N. The post has a thats the only place that has this take on this. The hit with triple snub . I was reading some Market Reports yesterday. They said i think the president in his remarks, president obama in his remarks offered the option of said that he had told secretary kerry to go ahead and move forward with talks, diplomatic talks. And i think the iranians came back and said they werent interested in the. Were going to have gartman on in a second. Hes here. Hes not a suit guy, but he wears the flacks and jacket really well. Lets get to the we were going to look at the oil board. Well talk about all these things, commodities and gold with dennis when he gets up here. But lets get the glok Global Markets report from ross westgate. Seeing mostly red, ross. Jae. Weve been swinging around this morning. Only slim losses. We were down about 0. 5 earlier from european equities about an hour into the trading session. We were up about 0. 25 around an hour or so ago. Now, absolutely flat, really. Were not really making any ground in either direction over the last few sessions. The ftse mib is up higher, up about 0. 3 . Breaking it down into sectors today, we saw basic resources lower again yesterday. Basic resources up a third. Telecom is up about 0. 7 , as well. Food and beverage, retail slightly weaker. Carnival is one stock that has been in focus. Coming out yesterday with a 30 fall in Third Quarter profit. A lot of companies coming out and putting this down. This is the worlds biggest cruise line. Stock down another 7 here in london today. Theyre talking about possibly putting on an adjusted loss for the quarter. They have a number of problems, a lot of different ships over the last year. So that has affected their operating profits and people are upset with the outlook. Theyre trying to put some spending cuts in instead of raising taxes. So were keeping our eyes on that. Yields have been coming lower again today. We had an italian auction today which is essentially for yields for the lowest since may. And they have been going up recently so is theyre coming down. And treasury yields, were keeping our eye owes that as global investors. So there is a supportive tone to the bond markets, as well. Thats why we stand right annoy ahead oovt u. S. Open. Back to you. Ross, thank you very much again, ross westgate. Amazon is unveiling some new kindles. Jon, this is a very different strategy, but an interesting one. Yeah. Not so different in a few ways. Amazons new line of kindles now available for preorder. The hd tablet just hit a new low. 139. Not surprising that bezos is pushing the price down on something pep walked me through the lineup, including the new kindle hdx tablets, even higher resolution screens. Those start at 229 and 379. Listen. Success is for customers to say, wow. I want customers to say, wow, ive never seen an 8. 9 inch tablet this light. I want customers to say, wow, the mayday feature is helpful to me. I want people to say this display is the most people display ive ever seen. Its really about can you get customers to say wow. I bet you want them to say wow. We even have a different approach to that, which is we have been very clear. We sell these devices at break even. We dont make money when people buy these devices. We want to make money when people use our devices by buying ebooks, tv shows, movies and so on. And they do want to make money, of course. That mayday feature is a little button. You can type in and a live support person shows up on the screen and can walk you through things. At the high end, amazons 8. 9 inches hdx is close to 400. It will be interesting to see if bezos can steal away some of those customers. The mayday one is really appealing to me. Not that youre in a chat with something and you sit around, the idea of pooem being able to talk to someone facetoface, that is really appealing. Yeah. And theyre planning to try to get someone to answer that mayday call within 15 seconds. At this point, theyre staffing it entirely in the u. S. You can see the person, the person cant see you. How are they going to have enough people that i can see how this works if you have not so much people who have the device. But if the device is popular, its like everything in life, all of a sudden, youre going to be on hold waiting. Right. I imagine that could be a challenge, but they say they have a number of people lined up. You are probably still mayday support for your mom. You call every week, right . Much more than every week. Lets get to dennis gartman. We want to talk gold at some point. That got really interested last week, dennis, on the nontaper. That day, it looked like it might be going below 1300 and then it went up 80. What was really interesting is everybody was talking about those miliseconds. What was fascinating was that gold rallied lmy eied 25. Before that, it moved up. All of a sudden, gold started to move and Everything Else moved after the announcement. Somebody knew something long in advance of that. It hasnt held up and we know that theyre going to taper some day, but then again, they may skip no, we dont. Maybe we dont. Because thats the other thing i was going to reference was yesterday i saw someone and i dont remember who it was, but 2. 1 on the tenyear at some point next year. Which is thats counter to what is consensus. But that would forecast a really bad economy, right . I dont want to think about what happens at 2. 1, what will require economically to get it to 2. 1. A 50 retracement. Bonds broke out this past week. Everybody you know was short the bond market, and it was interesting except pimco got back in and a fooe few other people started to buy. I think thats caught a lot of on people off guard. And do you ascribe anything to the nontaper to its yellen now, why should we if we know shes going to be big time i think its put off until the springtime at this point. But if its honestly if its honestly the economy and its not just whats happening in washington right now, i dont know how they can come up with theres an october meeting and then a december meeting. Thats the only two that you can do it at. Youre not going to do it at october. Theyre probably not going to do that. That would be very panicky. Maybe they can change. Look, they keep changing what theyre doing. They said theyre going to start this year and they said theyre going to end by the end of 2014. I think bernanke has said but bernanke would argue that they have not said that. Because thats why everybody thought it was going to happen in september. He said something about having it done by next year, but hes reiterated data dependent. I heard that, too, and i thought that. He said that explicitly. It was a very xlisit statement that he expected to be done by mid year next year. How many times has he said data dependance . 15, 20 times tops. And it made sense that he was going to get it started. If summers was going to continue the tapering, but why would you start it if you dont want to create that much confusion. And he knows what she thinks about he has a year of everyone has his ear and she might all along have been saying yeah, with him totally. Dont you think that he, from a legacy perspective would want to leave having at least begun something . Not if we go back to 2. 1. I think its better to leave it to the next group. Go ahead, pass it to the next group. Youve got it. Im not a great yellen fan, but shes going to be the next one there. She has the confidence of the other people on the committee do you think shes too dovish or do you think theres Something Else going on . No. Shes too dovish. There seems to be a mixed view of her. She as plenty of background. Her husband is a Nobel Laureate around finances. Im comfortable with janet yellen in that position, not a problem. When the tenyear started getting out to 2. 8 , thats when the fete started to worry. How low would it go before the fed is concerned about it falling . 2. 25 . At that point, the debates within the fed itself before the Committee Meetings get to be pressured. 2. 25. What are we afraid of now . Are we afraid of the tenyear going to 2. 25 or i think theyre afraid of it going to 2725. More than 3. 25 . Yeah. Which i dont understand. Honestly, i made a speech yesterday talking about the economy. When you look around, try to get an airplane flight nowadays. So crowded, its unbelievable. Businesses, even where he live in southern virginia, which has been probably more impacted than ee quest ragz than any other area, business there is really doing quite well, thank you very much. You need a hotel room. While hes here. Actually, that is where you might mention it, if youre having that much its the best hotel in the world, as far as im concerned. How is that . Was that good . I dont know if we have the audio on. How about the free wifi . It is absurd that we pay that amount of money for a hotel room and i still have to pay for wifi. Ridiculous. Its ridiculous. But the economy is doing i think better than people anticipated. Its stronger out there than it looks. So i just wonder what it all youre not an s p guy . I trade ohm for any own account and only for s p futures. I think if i wroe it on the ticket, i would have a better chance of being right. Sometimes it feels that way. This morning, it looked like gold was breaking out to the up side. Next thing i know, im out three dollars and im gone. Do you think the market at this point its the day of the nontaper it hits alltime highs. So anything down is were counting a new correction and 10 is a long way off. Im not sure youre going to see it at 10 . Im bullish of stocks. The market tells me im doing the right thing. But it is astonishing, the number of 1 and 1. 5 moves we get nowadays. For somebody who is doing this, im not used to seeing those stock prices on a daily basis. Is ann wrapping . No, no. So do you want to keep any other markets interesting . What would you do with grains and the rest of the meat complex . As far as the grain market is concerned, the only thing i have interest in is next year you look at the price of soybeans for 2014 compared to the price of corn, somebody is going to plant a lot of soybeans. Were going to plant a lot less corn next year. If youre a corn producer, youre going to have to take a look at that. Aisle id rather be bullish for corn and bearish for beans. Everything is dollar and taper dependent, anyway. Isnt it amazing that in the grain pits in chicago, theyre talking about Federal Reserve policy. Its amazing. It really is fascinating. Because the fed is where it has never been before. Correct. 3dz trillion. Thats why the fed process has become so politicized. Everyone knows what is counting on it. Very few of us knew who the voters were on a monthly basis. Now everyone knows who the voters are. Its astonishing. Thank you. Thank you. Its good to be here, as always. Coming up, were going to talk about why larry elison skipped his biggest conference of the year. Some of you may guess what that was about. But first, here is look at the scary story for retailers. Americans are expected to spend less on halloween. The National Retail federation says about 150 Million People plan to participate this year, down from a high of 170 million year a year ago. Those celebrating expect to spend an average of 75. 03. On items such as costumes, candy, decorations. Who knows. I think about i dont know. I dont want to think about it. As we head to a break ted cruz would be good. I dont think enough people would recognize. Why dont we sell jk jk, bicycle bicycle and Andrew Ross Sorkin . No, theyre not going to as we head to a break, take a look at the National Weather forecast, the weather channels alex wallace has that for us this morning. What are you going to be . You know what . Maybe toupac. Yes. There you go. Pretty cool. Good morning to you, guys. Were going to be working our way through the florida time period here and dealing with more rain again this morning. Thats slamming itself into the west coast. More here coming from the gulf to make a morning commute, that will be a rough ride in and around tampa. How much rain are we talking . An additional one to two inches is in these areas. A lot of moisture flowing in. Thats going to keep things rather wet here for at least today. We start to see some drying as we head on into tomorrow. So looking forward to that. Meanwhile, in the northwest, chilly conditions setting up here for us. With that cold air in place, b thats going to help fuel wintry weather. We have Winter Weather advisories. Not early for snow. Its right on time. It will be piling up in the mountains. More squawk box coming back in a minute. Welcome back, everybody. Dan on mad money last night. I know you have up to the minute analysis. How is the demand for this phone . Well, very strong. From our perspective, a little too strong. Were begin to go run out of inventory. So thats interesting, guys. The question is, is this demand for apple or demand for sprint because sprint has been offering some cheaper price points than some of its rival peps. I think it has a be a combo. I walked into an at t store, i walked into a verizon store. I get a fingerprint saying which we couldnt do with the one that is here, and i think its going to sell. Ive been skeptical, but im start onning to change my tune. With what he said, wasnt there some channel stuffing . So yesterday, there was an analyst out claiming that there was channel stuffing going on. Who had been negative. But he had been negative before. This counteracts. Did sprint ever get as many as they dont get as many as others, but there are a number of stories that are out. If you go online, you have to wait now. Yeah. A friend of mine just ordered one and cant get it until november. A friend of yourself just yeah. My friend, not me. I thought if you finally do do it, you wont when she finally does it look, im close. Its going to be a special show. Were going to have tim cook on the program. It will be an event. Your blackberry turn it off. I know. I am close. I am finally realizing i probably need to make the shift. But its like giving up your security blanket. I have a couple of ipads, so im very familiar with it all. I was just hoping to get that bigger screen. That would make an easier transition for me. If you leave it like this i dont know if ive ever hit the right beck, if you can hold out if i hold out longer, i figure theres a bigger screen. The internet and video, Everything Else is so much better. I know, i know. Im very familiar with the environment. I use it in other forms. Its just im a keyboard addict. You dont have to get defensive about it. But you have a friend getting it. My friend, sue. Im not making this up. Hi, sue. Hi, sue. Larry ellison yesterday, he wanted to be on San Francisco bay as his Oracle Team Usa made a come back in the americas cup. Elliss key note presentation is normally the high point of the open world. Hundreds of attendees left the Conference Center after it was announced ellison was on a boat and would not be attending. Ellison missed the conference so he could be close to the racing team. The next race is scheduled for today and the winner takes all. But, guys, obviously, theyre questioning what his primary focus is, the americas cup or the well, it looks like hes the absentee ceo, right . Thats whats happe