Been watching with the euro. A decision is expected around 7 45 eastern time. But the Key Developments for the market could come at 8 30 eastern. Thats when the ecb president mario draghi is holding a News Conference. Well get previews from geoff ket mo c cutmore in europe in about 20 minutes. Jobless claims are seen at falling slightly to 335,000. As for the markets, joe mentioned the dow closing at a historic high. The s p 500 rose for the 16th time in the last 21 sessions, finishing within two points of a record. The nasdaq was not along ford ride yesterday. It closed a little lower to snap a threeday winning streak. You did see some of the high flyers that took it on the chin yesterday. You watch the futures this morning and youll see dow futures indicated open down by 20 points. S p off over 3 points. Andrew, back over on to you. We have a lot of Corporate News to get to. Toll brothers is buying a Home Building business of privately owned chipelle industries for backside 25 billion in cash. This gives toll more access to affluent real estate markets in california. Chipmaker rda microelectronics has received a second buyout offer coming from chinas stateowned shinwei uni group. In september, a different stateowned Company Offered the to buy shares. Rda says its board is evaluating both proposals. In retail news, costco is reporting better than expected october samestore sales. Customers spent more at its stores and on its website. So a little bit of a double pop there, joe. So what time is twitter opening, andrew . I am told from a couple sources because we were talking about it last night, that you probably should not see the open on twitter close to sometimes between 10 00 and 11 00. Why . The expectation that somehow 9 30 is no, they have to balance out all the orders. Oftentimes ipos dont open at the order. What time did Facebook Open . Facebook was way into the afternoon. The expectation is there were problems, but theres going to be a lot of people. Right. 10 00 to 11 00 is not when. 10 00 to 111 00. It will open today. It will open today. No, he said when i i said who knows when it will open. He goes, i know when its going to open. 10 00 to 11 00 is not knowing when its going to open. The point is is that instead of everybody freaking out this morning when it doesnt open at 9 30 or 9 345 or 10 15 or 10 30 or 10 45 as i can imagine happening well, with an ipo, they have to put all the stuff my monitor, look at my monitor. Ocd boy who cant handle things going out of walk its like a picture on the wall. Now thats too much. There. Its fine. For anybody who didnt know, joe has issues. If you want to get to him, leave the closet door open. If theyve seen the show, they know. Anyway, andrew, this is really i can argue a lot of Different Things. Were going to beat this to death. But since it was 17 two weeks ago, so you already have 50 higher. Yep. But the thing is, when you like on any given day when youre trading a stock with a market cap of 100 billion, only a few billion trade on any given day. And then all those shares are automatically thought to be marked up and down. Yep. So were only talking about 1. 8 billion out of the 14 billion. Right. So the supply demand, suddenly the value of the whole company can fluctuate wildly based on the number or on a few numbers. So i worked see 40 on the open, i could even see a double. But then again, its up 50 from where it was initially priced. Right. And its like really questionable, whether isnt it, whether it ever really makes a lot of money based on the Business Model . And then yesterday, you know why the nasdaq was down . Why . It was a lot of the high flying stuff. It should take them out of those so they can put knit twitter. And nobody can buy this, anyway. And im telling you, andrew, in the old days and i wasnt at goldman, but i was at lets saying a Merrill Lynch or a hutton. In the entire office, maybe you would get 500 shares. And one of the biggest producers would get 100 shares to give to their best clients. That was it. But you know whats going to happen, if there was a big pop, theres a lot of people who would be willing to sell. So this is going to be but you have to recognize, this is a stock thats been in the secondary markets. The secondary market in particular for a long time. And where is it . Its 14 billion is what its worth . The whole company is worth 1 4 . 2 billion. I think youre going to have a linkedin situation where you do see a big pop. Well, it should be. I figure 40, anyway. But what was the other thing i was saying . How much money did they lose in nine months . Their losses are growing as quickly as no, its not a company that looks but call jeff bezos and tell him what you think then. I can certainly see how that works. Whereas this, if i wasnt in the media or if it wasnt someone like that, why would normal people i mean, are they that everyone can be a star in hollywood . I care what every Single Person is thinking every moment of the day . I dont. Joe, its called youtube. How much money do they make . Mow they make a small fortune. Now that deal looks like it was genius. It was 1. 6 billion at the time. Its going to be fun to talk about today. These are historic. We cant overdo it. If you think about google or if you think about facebook, the day when it came public, amgen, they dont happen that often where an icon, apple, where it actually becomes public. So its something that hopefully youre interested in twitter because were going to be talking about it. We are. We will. Squawk on the street will. Morning call will. Is morning call still around . Oh, no, thats squawk on the street. Squawk on the street and fast money on. Market wrap is going to talk about it, though. That would be closing bell. On. Never mind. A few stocks moved. Other stocks in after hours trading, qualcomm, earnings and revenue fell short of estimates. The Company Forecast revenue below expectations, said it would curb its fast growing operating expenses. The comments are raising concerns that the mobile chipmaker is facing tough competition from asia. Andrew, hes got his sleeves rolled up because of the whole twitter thing. We have to get down and dirty. We have to get in the trenches. Weve got to get some stuff on our hands today covering this, andrew, we do. Cbs posting earnings. I usually roll my sleeves up. You do . Okay. Cbs, earnings in line with consensus. The company says it collected more revenue from advertising and the licensing television shows. And we kind of have to thank les for getting the programming is worth, all of us appreciate that. Thank you. If you want to wash dch. Fighting the good fight. If you like to watch, you need to pay. And we thank him for that. Hopefully lowering forecasts, the super market chain, cutting prices to keep up with its competitors. Its ugly, down about 5. 5 points on the session. And then transocean reported a larger than expected profit due to increased demand for its rigs. Also, it was able to charge more, so higher rates. Restaurant operator noodleses Company Reported lower than expected revenue and its okay. Thats why. Its only the Second Quarter of a public company. That is the nickname for my daughter, blake. Her nickname is noodle. Remember mr. Needloodle . Yeah. I see him frequently. There are two of them. Theyre both alive on youtube. Right, right. I like ramen noodles. That was a College Thing for you, wasnt it . Now they have super fancy ramen noodle shops in new york city. Yeah. Its like cure carbs, i think, isnt it . Probably true. And if you want enough protein from rodent hairs and insect parts, you dont even need those. Theres people eating breakfast this morning, joe. I know. Where is your yogurt . Its not milk and cultured nastiness. Its not here yet. It will be arriving. Cultured nastiness. No, thinking about germaphobes and what your life is like theres a difference between germ ma phophobes and people lig the subway floor. I never, ever thought about shaking someones hand and whether 50i78 going to catch something. Never in my life. Probably licking the subway folds, right . Not if its below 30 degrees. Becky mentioned the futures. Lets check on the broader markets this morning. I finally said something to a website yesterday when they said it was one of our competitors, the dow jones thing where they called it a fresh alltime high. And i said, what i go, explain to and they ever me answered. The writer there who is probably 23 years old, but i said what is the difference between a fresh alltime high and an alltime high . And then i said why dont you just go with a new fresh alltime . No, go with a new fresh alltime high. And thats like single best idea, its like why go with that . But i digress. Lets look at a tenyear high. We do it here. Id like to say stop with the fresh stuff. You fooled me on this. But even saying another alltime high, if its an alltime high, its an alltime high. This irregardless goes all the way back to regardless. In other words are we confirming earnings . Regardless. And irregardless is wrong. And it gets you to i think the so you want to really do it, this is my thats a reward. Thats irregardless . No. But people will write in and say im an idiot for using it. The people weve talked about on twitter, the haters. Anyway, lets take a quick look at the dollar. 1. 35 or so. Oh, no, the tenyear note, dollar, 1. 35. Down, down. Well, thats the big question. Does the ecb cut or not . If theres a surprise cut, you could see a drop pretty rapidly. 1. 34. We would be okay with that. Should we talk more about twitter . I dont think we can talk enough about it today. Today is the day. How many people do we have on here . Like 40. Every person should appear and Say Something about twitter. And they might. I was looking through the i think they will. I heard the ipo was not trending on twitter, which was weird. You know who we can ask about that . Julia boorstin who is up early on the west coast this morning. Were getting back to twitter. Our own Julia Boorstin sat down with twitters Ceo Dick Costolo for his thoughts on investor reaction and Lessons Learned from the ipo process. He joins us now from the process in san francisco. Good morning. When i caught up with twitters ceo dick costlo, the first thing i asked him is what he thought of investors reaction. I think as weve been on the road and seen enthusiasm for the story and the way were thinking about the future of the company and our longterm plans, thats enabled us to make the changes that weve made to the price. In our conversations with potential investors, do you think they understand how twitter really works and how you guys make money . So the answer to both questions is absolutely yes. In fact, one of the things thats been most exciting for me on the road show is the propensity for some of these investors to come in and show me examples of how twitter has been so powerful. So that enthusiasm from investors and their own use of the product both from a user basis and then from the potential of it as a monetization platform has been fantastic to see. Well, knowing what you know now about the ipo process, what would you do differently . So youre going to you know, there is i hate to give the trite answer, but here it comes. So get ready for it. I really wouldnt change anything about the way weve approached the process this time. I think that the team has just done a tremendous job preparing both me and the rest of the executive team for everything we were going to go through and being thoughtful and methodical about everything weve gone through along the way. So im extremely happy with the process weve gone through to get here and how things have gone so far. How is your ipo process different because of the job . I think one of the things it enabled us to do was what obviously weve filed confidentially. It allowed us to be thoughtful and patient with the time that we spent during that filing process. We were working on it for months, of course, before we made it public. And i think thats just very helpful in terms of not going from zero to 100 both internally and externally and allowing the people working on it internally to start to develop, the way theyre filing these things and the way of working together on it on. So that was enormously helpful to us. Now, i asked costlo how much his ipo strategy was influenced by facebooks ipo debacle. He totally dodged the question, but he did say they drew on best practices from a range of silicone valley companies. As to weather facebook poses competition to twitter, he said hes not concerned, but he did say they want to have a good accepts of the competitive landscape. Well have much more from my interview with dick costlo coming up, including his outlook on twitters potential growth and his strategy for tackling twitters biggest challenges. Guys. Thank you, julia. Before you go, do you have a sense of this question we were talking about before around the table . Why is twirt ipo not trending on twitter . What does that mean . Well, theres been a lot of question about whether twitters users who were primarily in the u. S. , male and under the age of 35 are going to be twitters investors. That is the big question there. Obviously, we had the cnbc atp poll out earlier this week which said in fact those core users may not be interested in investing, but there are plenty of people who can see potential. People talk about a huge range of things on twitter. They might be talking about the Country Music ar wards more than the ipo. But i think they might change when we get closer to the stock trading later today. Julia, thank you for that report. Well have more from julia throughout the morning. Then on squawk on the street, dick costlo is back. Hes going to be joining carl live from the floor of the stock exchange. What is his name . Because that is a different way now. Is it i followed julia into the pronunciation. Lets put it aside right now. But ive heard him cast costolo and then im heard him called costello. I think you would get his name right because its your thing. The teleprompter is not my friend, as you know. And so i so just seeing it in that format causes you to my brain is it freezes up. I get that. I get that. The teleprompter is oh, you get it because 15 years ago you had that problem, as well. I was stumbled with the teleprompter. Teleprompter reading is not my strength. Coming up, two senators no, coming up, two senators are calling for an end to a stock opgdz related tax break and why companies are apparently worried about it. But first, julia martin will join us from the Weather Channel with todays national forecast. Hey, guys. Good morning to you. Weve got a couple of storm systems to talk about. One in the east and one in the west. And were going to start things off in the west. Thats when were going to see rain in places like seattle today. Windy conditions for you. Some snow in the Higher Elevations and also in the east some rain making its way into the big cities by later on this morning. New york, boston, d. C. All getting wet. Late week, here is the pattern then. Windy here in the central u. S. By tomorrow, we could see snow in places like minneapolis. Mostly quiet conditions over the weekend. Just some lingering lake effect snow showers. Were going to track this cold front. Today, the east coast staying mild in the big cities. But by tomorrow, were in for a big temperature drop. Places like boston, going to drop a good 10 degrees. The rain moves out tonight and well see lingering lakeeffect snow showers. Colder air coming into the east and into the south and next week we could even see. Know is in the midatlantic, places like washington, d. C. Well keep tracking that for you. More squawk box when we come back. Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Welcome back, everybody. Its time for the executive edge. Two senators are calling for an end to a stock option related plan break for taxes. Companies that issue Stock Options as part of an employees pay package can take a Tax Deduction for the difference between what if the employee pays for the options or what the stocks are worth when the options are exercised years later. Democrat carl levin and republican john mccain called the tax break an unfair loophole and say killing it would raise 23 billion over ten years. Gentlemen. Im in agreement. Yeah. It sounds fair. Look, if its compensation, its compensation. If youre really talking about equalizing Playing Fields you think they should do this . I mean, for me, its a complete nobrainer. If carl levin had any idea what causes a tech company to be successful and to be competitive globally look, if were talking about leveling the Playing Field its not fair less money to do what it does well. Look, maybe its not fair to do a one off, but these are the type of things that if youre talking about getting in and reforming Corporate Tax reforms, this should be on the table. I dont think its a one off, but it makes sense to me that if its money it was a nobrain nobrainer. I wasnt going to respond to it because its so obvious. To take money away from i think corporations shouldnt even be taxed basically. To take more money from a corporation and to give it to the government and allow them decide how to spend it is a stupid move by definition. Its part of Corporate Tax overhaul. If you want to bring back money from overseases you can get rid of corporations or the person spending the money the way if you come back, nobody should pay any taxes and youre never going to agree on anything. Thats not what im saying. If you want to compete globally and you want jobs, look at this as to whether it helps or hurts job creation. If youre the president , you have to get something to give something and i dont think you should do it one off, but why would you i want a lower tax to bring money back from overseas. I understand that, but why if you have a restricted stock, why should that be taxed and your Stock Options not . Its not that theyre not. The company is getting a deduction.