Reporting that those conversations, finally ended last week after they decided against the teal. Activist did its own deal last year. Recently, it acquired forest labs in a 20 billion deal. As for pfizer, the u. S. Pharma company had a 1 billion takingover bid for its rival astrazeneca this year. The biggest Bank Offering since the financial crisis, citizens financials ipo pricing blow its expected range last night. Raised about 3 billion. Shares are expected to start trading today at the symbol tsc. China planning to launch its latest galaxy note. Apples iphone 6 hasnt officially arrived in china yet. Eunice yoon told us just yesterday, the black market for the device over there is hot, hot, hot. Activist. Interesting. Founded not that long ago. So that would accomplish the same thing for ian reed . Yes. Its another way to do it. Hes been outspoken on how its like a 1 billion difference. He says we arent doing plants, were not doing research. Were a lot of and that the difference between what novartis can do and what he can do, its a 11 billion difference. From a competitive standpoint. Whats interesting is it wouldnt be affected by any of these changes that jack lew has proposed. I think hes british, isnt he . I think hes frustrated with the british, though. That was the problem. Youre in blue again. Yes. Different, though. I have a lot of blue in my closet. Blue on the air is comforting. Is it . I believe it is. Warm. Not cool. I think its cool. No, i think red is warm. Not on tv. I think blue warms. Thats why people dont wear white shirts on tv. Now its your fence. Youre the walking you got me sick. Its impossible to there is no one else in my household who is sick. You got sick. Its impossible to im getting one. Its impossible to draw definitively youre right. Just because i sat next to you thats like saying every storm and every and coughing on you, you touched me, and no one else in my household is sick. Right. We never touched. I probably ate a muffin after you got your hands all over the muffin. No, ive got the eggs going again at home. I havent been last week youre not contagious now. You were last week. Im not going to blow this right now. Thank you. Samsung. Samsung and apple arent the only games in town. Blackberry is launching its new smartphone today. It is called the passport. The company has plans to launch the blackberry classic. Thats funny, within a few months. Were going to go back to the old days. Expected to have similarities for the once popular blackberry bold. Theyre bringing that back out. Get me a come mow door computer and play some space invaders. That was an easy one. Theyre playing like a hundred people online. Wall greens reportedly exploring the sale of a majority stake. The deal could value that at about 1. 5 billion. Did you see walmart is going to start a bank . Yeah. This is now like a true Checking Account where you can just walk in. Theyll give you a Checking Account. Its amazing. Its actually a really good thing to have. So many of their customers are doing these payday loans. This is a good thing and it might be very but i wonder whether walmart becomes a competitor to the big banks. Because if you think about it although some of the big banks have dumped people who dont have a lot of money in their check account. So they charge you massive fees or say youre not worth their time. There is a significant portion of the population that has been left behind. Up about 14 points for the dow futures. Alibaba southbound is it the signal of a near turn . I saw four articles about that yesterday. A lot of money went into it. The s. E. C. Is investigating whether pimco inflated returns of its flagship etf managed by bill gross. The wall street journal says the probe has been going on for at least a year but is said to have picked up steam in recent weeks. Regulators are looking at how the fund bought and valued its investment end bonds and the big issue is whether that process led to inaccurate information about the actual performance being given to investors. The etf, the way that they work, i dont really understand how you would there were some questions because they bought some bonds and they quickly valued them at a higher rate. Theres some technical way that you can get away with it and counting. It gives the perception that the bond no, its Exchange Traded weird. Theres so many etfs that you sort of trade on those. Yeah. You but it was the way they valued certain ponds that they bought. And people taking funds out already. I mean, things have gotten marginally better. Would you now go buy a pimco fund . Im sure the numbers were talking about are minuscule. Is an etf on fund actively managed by bill gross . Dont you think he most etfs as they reflect whats going on . Thats what they usually are. I dont understand this. This is weird. That is a new tie, though, i do know that. How do you like it . I like it. We went to our tie people last week, right . It goes with your eyes. We have to move on. Meg terrell is on set with us. Theres a new projection to report. Looking at the best and worst case possible scenarios for ebola. They say if nothing changes, by the end of january, cases could reach 550,000 to 1. 4 million just in sierra leone and liberia. Right now, the cases are doubling every 20 days in those two countries. Its terribly frightening numbers. But they lay out a best Case Scenario which involve eradic e eradicating that disease by the end of january. 70 of ebola need to get into Treatment Centers to eradicate that disease or stop i by the end of february. Of course this does not take into account guinea, which has been really, really hard hit. That assumes that you can get in the supplies needed to do those things. We had seen some airlines wont come in there. A lot of air lines have stopped flying to these countries. Aid workers cant get in. Building 17 hospitals, each with a hundred beds. The question is how fast can they set those up in order to stop it from spreading. One of the biggest threats has been because this has gone full blown and because its so widespread, this can be a problem that has plagued west africa for years to come. There is no way to circle the containment and wipe it out effectively. The World Health Organization yesterday coming out with smaller numbers, saying about 20,000 by november. But one of the scariest things in that report saying it could be endemic, could be a permanent problem that festers in west africa and its a constant threat to the rest of the world. That is also terrifying. You think of Something Like this where its so dire, you think you have to stamp it out. But this idea that it could fester there. And also theres the idea that people are living in such poverty, theyre hunting for meat in the bush. This is where this disease comes from. As long as that persists, theres always going to be this problem with ebola. Do you think most diseases we talk about and theyre permanent diseases we deal with. This is weird. This is like an exception to the rule, ebola, that it comes and goes like this. Thats frightening, ebola, that its out there all the time and you have to think about it. Most diseases arent 70 fatal. Right. So you think efforts should be scaled up also in terms of vaccines and in terms of drugs. Right now, we just dont have anything. The vaccinees and drugs have been tested in animals and theyre just starting human testing. Its amazing to think that these would even be used in this outbreak. When we were initially talking about these drugs, we thought the time lines for testing are way too long. Now were not talking that way. The Welcome Trust is funding Clinical Trials happening in west africa and what are those numbers that are a million and a half million . What are those, have you seen them . Yeah. 1. 4 million, this is a cdc projection that just came out. By january. This is, what, in five countries at this point . It is. Although 70 of a misdemeanor people . Thats what theyre talking about . Its a high fall tallty rate, yeah. If you think about the number of people in these countries, thats a significant portion of people in this country getting affected. Its already in the economies where you have people in containment. You dont want people going to school or work in any of those areas. Right. Meg, thank you very much. Thank you, guys. Theres a new study that signs an eye popping 43 of companies have experienced a data breach in the last year. That is up 10 from the year before. It was conducted by the the size of the breach is said to be increasing, as well. Speaking of cyber security, the wall street journal reports the recent breach at home depoint has triggered fraudulent transitions. Criminals are said to be using prepaid cards and a range of goods. Banks are stepping up trends to stop any transactions that look unusual. Home depot is reminding customers that theyre not responsible for fraudulent transactions. So youll see futures here indicated slightly higher. This comes after two days of triple digit losses for the dow and that is something we havent seen in months at this point. Also, take a look at whats been happening with oil prices. This morning, up just a penny. 91. 57. Youre sitting at a level where you could fall to an eight handle for wti at some point. Thats about a oneday trade on a heavy day of trading if you see a swing in one direction or the other. Treasuries, 10year note yielding 2. 45 . The dollar this mornings looks to be down against the yen and the pound its up against the euro. And gold prices, at least at this point, look like they are up by about 2. 70. 1,224. 70 an ounce. President obama will address the u. S. Later this morning. Joining us now on set is cnbcs chief washington correspondent, john harwood. John, do we know now . Is it confirmed . Did we get this leader of this group . No, i dont think so. We didnt . The head of korsahn was posedly, it was potentially that we had gotten him. Hes not in one of the strikes . No . I dont know if thats confirmed, but even if we did get him, theres a lot more behind him. I know. But this is you know, that would have been a high valued target, obviously. And we didnt were just finding out that it wasnt isis necessarily that prompted the quick action this time. And possibly an imminent move by this other al qaeda moving group, right . Yeah. So we dont have details of that. The administration confirmed that they were close to being operational with some sort of plan. But, of course, they had intentions of striking isis for some time and they were able to get sufficient coalition in their view to make the case for the world. They claim that he was killed. Some of the militants are claiming that he was but we dont have confirmation . No. We havent heard that from the administration. But, you know, this is going to be a long deal. Its not going to be quick, and theres no amount of bank from air strikes that its going to solve this problem. Ultimately, as the president indicated by having that meeting yesterday with allies countries, were going to have to get them deeply involved in this. Turkey, as well. Here going to participate. Britain is going to contranscript, although he didnt indicate exactly how. So this is going to go on for a while. And you just wonder, are we effective without having advisers on the ground is where you want to strike . Yeah, were going to have special forces on the ground to those boots, they dont count . Theyre different boots or something . Sneakers. But weve got people we have boots on the ground in iraq already. Were going to have special forces on the ground in syria. But the bulk of what you need to hold territory, you know, isis controls a very large amount of territory. And its sparsely populated. That presyrian army, those people will be training in saudi arabia. We have to see if some of these other sunni countries can step up and make it so its not just the United States at war with sunni extremists. I dont see why we cant do something about the revenue stream of 1 billion of oil those guys seem to have. Cant we knock out those facilities . I think were working on it. Because you cant do anything without money, right . Several different sources. This is the first selffunding terrorist group, though, which just makes it with amazing sophistication. Its like the mafia is its bizarre. Tom freedman points out in the column this morning that the challenge is youve got to conspire large numbers of people who they dont share the tactic of isis, but they share some of the Belief Systems and youve got to make them belief that its time for them to stand up against that behave and that extremist. And its not easy. And even if you believe youve done it and train them, we saw what happened with the iraqi army. It doesnt it may not stick. You would think it would be an easier problem once you see that isis is attacking. Its a crazy situation where its difficult from my walk of life, to defend anything theyve done. Sure, that is true. And especially with some of these monarchies that feel themselves personally and their ruling class feels endangered by these extremists. Thats thats why theyre participating. But that doesnt necessarily get down to the root level and the visceral reaction of a lot of muslims who question exactly which side theyre on. Right. Its tough. The king of jordan, he was outspoken, but then i guess some would say he has hes the status quo, has a vested interest. Its almost too friendly with the west, i guess, in the view of some islamists. But, you know, its a real challenge for the president. The president came in as somebody who had the capacity to who saw himself as having the capacity to speak to the world and touch people in the region in a way that we havent been able to do. Some of that was stylistic in comparison with president obama. But some of it was about his own background. We are touching people a little bit different way than he intended at this point. Yes. But the rallying part of it, the Political Part of it is ahead of him right now and ahead of him when he speaks to the u. N. Today. All right. John harwood, thank you. You bet. Up next, a second straight day of selling on wall street. Back to back triple digit declines for the dow. September swoon or just a break from the bulls . Well kick off our market discussion next. Welcome back, everybody. The dow is posting back to back triple losses yesterday since june. The dow yeartodate is only up about 3 at this point. Where do the markets go from here . David joy, lou brien, david, why dont we start with you. Im surprised that the dow is only up about 3 at this point. It has been an up and down year. I guess weve been almost treading water when you look at the dow. Well, weve been in appear environment where the back drop has been actually pretty benign for equities, low inflation, accommodative fed, decent growth in the economy. But theres been a lot of skepticism that were getting closer and closer to a real change in Monetary Policy. I think thats kept a lot of people on edge, maybe on the sidelines. So if this market is going to sell off, i think further, were going to need a catalyst. And its going to have to be either that we get a hot jobs number and that brings fed fears back into play or, you know, the Global Economy slows down to a point where we cant realize the Earnings Growth thats expected. But unless one of those two things happen, this fairley benign environment can continue. Lou, do you agree with that . By the way, are the skeptics right when they were nervous about any sort of big gains for the market . Any sort of big gains . Yeah. David point the out that the skeptics have been Holding Things back. Are they right . Oh, i dont know about that. When you look at the Bigger Picture as far as the stock market goes, the last couple of years, its gone up in a very to use his term, benign, very low volatility channel. And its sort of reflective of the same thing thats gone on in the last five years, 5 1 2 years with the stock market. Stocks go up during qe and stocks have trouble when qe is not around. So if were looking for an event, its something that everyone knows when its going to happen is the end of qe at the end of october. And until that time, it seems that the market will continue in this sort of benign upward trend without anything exciting one way or the other. But you two sound like you are almost diametrically opposed. David said it would take a catalyst to bring stocks back to earth. Lou, you sound like it will take a catalyst to get them to start moving higher at much more than a snails pace. Well, i think that its you know, i dont know if its by design. But when you look at the way its gone up in the last couple of years and, really, a rally that began in the once it was clear that the fed was going to do qe3 with the treasuries back in late 2012, this market has gone up in a steady and predictable way. And i think that it will probably continue until the end of qe, at the end of next month. Now, one of the things that may be going on, he were talking earlier about the russell having some trouble lately. Maybe thats foreshadowing for some trouble that the s p, the larger stocks will experience at least at the beginning when qe ends. And then well have to see. I think that theres a lot of ghee quo politics. I think that the stagnant economies in europe are a real problem. But the s p or the stock market, the larger stocks persist, i think, because of the fed. Lou, we spoke with tom lee yesterday. He thinks were in a bull market, a longterm bull market that were only about halfway through. Would you agree with that . Probably not. I dont know that i can look out another 5 1 2 years. But like i say, i think the near term hurdle will be to see what happens with the post qe environment for the stock market. You know, on the one hand, you can say that the performance of the gdp, since the beginning of this recovery, has been the worst of any performance for the gdp during that time. And youve got Median Income down, spending on where you look, 8 to 1 1 since before the reception began, back at 4re68s according to some reports, 1999. So i think that the majority of people, you know, are not necessarily solid as the stock market would make you believe. So even though there might be room for the gdp to move up, the feds longer run estimate for the gdp is, what, q1 to q3. Thats not very exciting. Therefore, putting the gdp, putting the economy in a little bit more danger because of the lack of growth and i think at some point without the fed, the stocks will start to react more to the economy. Lou, david, thank you both for joining us today. Its good seeing you. Thank you. Coming up, Goldman Sachs ch