Particular. Dow futures are indicated up slightly higher. Steve, ill send it back over to you. 8 30 eastern, we get weekly jobless claims, expected to rise by 4,000 to 297,000 below that 300,000 mark. At 10 00 a. M. , we go august factory orders for july. In global news, the European Central bank meeting in frankfurt, a policy decision due around 7 45 eastern. And then president mario draghi will hold his usual News Conference less than an hour later. Indefendanters will look to draghi for news of the asset buying program. In europe, it is negative following through on the u. S. , but not quite as much as yesterdays selloff, guys. Its a record 23. 5 billion dollars pulled from its flag shift fund in september. The daily outflow happened on the day bill gross announced hits departure from the firm. Just to put it in perspective, though, its still smaller than i think the number of the year before was like 290 billion. And this is a fund with about 222 billion in it. While that sounds like massive numberes coming out of it, this is a very large fund and still i believe the largest fund around. I believe that is the case by a long shot. Bank of americas ceo he now has a new title, he will be chairman of the board. Two jobs have been combined 2009, voters voted to ship the title from then ceo ken lewis. Chad holiday has been serving for the last four years. I spoke to a couple bofa people. They think it signals sort of back to normal city at that firm. Its interesting. I wasnt sure if they would ever put those jobs back together. Once they split, there has been a movement to split other positions. We have Warren Buffett on today. He does have a stake in the company. Is bofa too big to manage . Why if its too big to manage is it better to put two jobs together than to have it separate . I would generally, by the way, in most instances think separate is probably better. Im not saying its good or bad. In this case, i dont know. Look, i thought stripping jamie comon of the title didnt work. Lee raymond, the head director there. Theyve made the point that its a similar situation where you have someone you can rely on. Active board rather than a passive board. Right. The stock market futures look like lit higher after a big decline. Lets take a look at whats been happening in the oil markets. Yesterday you saw the oil markets down. Wti down 223 to 8850. Nice. Breaking the 90 a barrel. Weve been stuck at about 90 to 100. And there was a lot of resistance or a lot of support at 90 i should say. 88. 44 for wti this morning. That is goc to be a huge help for the consumer. There have been a lot of concerns about the consumers lately. Take a look at the yield on the ten year. Back below 2. 5 . Take a look at whats been happening with the dollar. Youll see it is down against both the yen and the euro. 108. 61 is where it stands right now. 1,213. 40 an ounce for told. The Airline Industry under pressure this week on news of the first confirmed case of ebola in the United States. The president of emirate eggs Airlines Says demands of flights from africa to asia has fallen due to concerns over the deadly virus. Right now, looking at the boards, theyre up just a little bit, but not making up the losses from yesterday 37 the first confirmed ebola patient in the United States was initially released from the hospital before his diagnosis and that is raising some major red flags about the companys preparedness for a major pandemic. Meg joins us right now. Good morning. We have learned the patients name is thomas eric duncan. Getting some details, he flew United Airlines through brussels, then to washington dulles and then on here to dallas. He did seek care on friday. Apparently he had communicated to a nurse that hed been traveling in liberia. Regretfully, that communication was not fully communicated throughout the full team. As a result, the full import of that information wasnt factored in to the clinical decision making. The overall clinical presentation was not dippal at that time for ebola. That was the presentation. So it was sunday that he was then admitted to the hospital and placed in violation. Health officials are tracing his kangts. They are looking into 12 to 18 people, including five kids. Experts say there is a possibility we could see other cases. However, because he was not symptomatic on the plane, there is zero transmission on the flight. The state is well contained to contain this infection here according to governor rick perry. Theres a story in the New York Times saying the u. S. Government the working to ramp up production of zmax. That was experiment al but ther was only supply for about seven people. Therefore different drugs in testing. As weve seen before, central blood transfusions from other ebola patients that have been cured. Meg, that drug, thats the drug i assume that was given to the two u. S. Citizens brought back to emirate university and those are two patients who recovered. Its hard to say whether it was from the drug or from the treatment, but im assuming it was those two . Thats true. And there were some other patients who received it and not every single one survived. Right. The problem is that these yeah. Thats right. And he was older. Its hard to tell whether its the drug, if its the care, if its Something Else thats helping them. Is and so there is a consortium of Clinical Trials be started in west africa however, its imperative that these things get wrapped up sooner than that, potentially for use earlier. I think the scariest news that weve heard is that this gentleman who was in the hospital behind you was in contact with five School Age Children and they attended four different schools. I guess that is probably what just about every parent in the country is thinking. Obviously, the kids have been pulled from schools at this point. I would assume none of them are exhibiting any symptoms at this point, but have they confirmed that . What were hearing is that the children were not symptomatic. The schools are trying to communicate that theyre being very careful. These kids are not in schools and theyre being monitored. However, they are being kept at home and theyre not, you know, coming to the hospital or being quantity teened or anything like that. Meg, thank you so much. Lets see whats going on in asia right now. Tensions rising in hong kong between government officials and protesters. Susan has the latest on was going on there. Were looking at a noticeable dropoff today in the number of protesters around. So from the same time yesterday. Speaking to the protest leader yesterday, they said at the peak we were looking at 2,000 in the streets behind us. Student protest leaders have threatened to occupy government buildings and offices surrounding his own personal residence. These are the placeses which we have seen a noticeable Police Presence at in the last few days. Thats something that were keeping a close eye on. Theres been an impact on the economy, especially with these ongoing protests in its seventh day. We were speaking to the inbound trouble head here in hong kong. He has told us and told newspaper editorials out there. These protests are already impacting the local economy. The protests and the tensions probably adding to the selloff, as well. Back to you in new york. Thank you for that, susan. Global uncertainty and the first u. S. Ebola case really spooking investors yesterday. Markets kicking off the Fourth Quarter in a sea of red. Are Global Concerns timely affecting u. S. Markets or will this soon pass as the other incidents have . Joining us now, drew mattes, deputy chief u. S. Economist at ubs. Before i went on set yesterday theres phil. The producer of the show says, steve, i want you to come on and tell me exactly how many points of this 200 point decline are from ebola. Well, ebola strikes me as sort of bird flu a couple of cycles ago. We always have these concerns about pandemices and eventually the doctors get their hands around it and these issues pass. At this point, theres certainly concern, theres headline risk, i dont think that is going to be a major driver of Economic Activity or stock market performance. What about just yesterday, though . Youve got a number of things going on yesterday. Certainly the noise from hong kong, the situation with ebola. You look at the Economic Data points weve seen in the last couple of days. Auto sales have been very strong. Consumer confidence, was ate an eightyear high . It missed again the other day. The ism was at a threeyear high. Youve got a couple of data points in conjunction with Everything Else at a time when the calendar flips to on october everyone is nervous. So its a reasonable spot to begin to take some profit. Drew, lets talk about that Economic Data yesterday. Ism was a great example. Missing at 56, but still at a pretty high level, pretty robust. The Construction Spending numbers, i dont know what to do with. They were negative, more negative, but revised down and negative as in missing in a big way, as well. Are you changing your view at all about this sort of 3 ish type growth we have in the Third Quarter . No. Theres no reason to. If anything, they should be taking gross estimates up. So the thing that happens is economists get all excited about things and we start predicting growth. In the indicators themselves as opposed to underlying, you know, what the underlying growth pattern is. Economists end up gradually saying, well, it was good last month, it will be better this po because were going to have solid growth. So you get this upward creep in expectations. So the fed has been blamed for almost everything. I dont hear them being blamed for this latest issue. It doesnt sound like its being related to a change in Interest Rates. I was traveling to meet clients the last couple of days. The thing that strikes most people is that janet yellen seems more dovish than the dots, but the dots are saying the fed is going to have to go faster and more aggressively when they start. But janet yellen keeps seeing the back pedal away from that and its leaving the clients confused. They want to believe janet yellen, but at the same time, theyre nervous about the fact the market is pricing less rate hikes. There are about a hundred basis points through 2016. If they correct that, you know, thats not good for markets. So one of the characteristics of the market the last several days has been these triple digit swings. Is there anything particularly you think thats behind that volatility itself and does friday, monday and tuesday have a sympathy theme to you . Certainly there was a seasonal issue. Volumes were low. At any time you get an item that has the potential to spike the movement, the response in the market higher or lower depending upon the item. So were back this week. You had another sort of shot across the you bow at the whole pimco news, that that is unsettled. The fixed income market a little bit. And i think that, again, with it being a september early october situation, just had people looking at the calendar and getting nerve justice. With you, phil, on this next one, jobs tomorrow, give me a number. Were excited. We like the adp number. Im excited. We liked the adp number yesterday. The survey week for the claims was just off the 17week low. Those are both leading indicators for us. Our miles are suggesting a 230 kierchbtd kind of number for september. You get a great number, though . Is that correct be that is the market reaction. I think that reverses the concern about autos yesterday and Consumer Confidence and ism. Everyone is saying, well, okay, the world is going to hell in a hand basket. Its not. As drew said, made a great point. The trend is very strong. We had a couple of 14ri7s. I think the jobs number is fine. I think the economy is fine. I still think were going to be at 2100 on the s p by tend of the year. This will pass. Lets get through the jobs outlook. So were at 250. 250 . Yes. Youre one upping him. Well, its pretty much what phil was talking about, there was a strike. It hurt the retail hiring. You know, ours are about as high as they can get. You have to add people if you want to add production capacity. What about the Unemployment Rate . 6 . It wouldnt surprise me if i had had a five handle on it, though. Phil, you are doing a lot of thinking about the elections. You think its time for investors to consider. Im fascinated by the idea that the economy is doing better, that the president s poll numbers keep going down and down and down. There is no connection in the mind of the public and with the economy and the political situation. How did things shake out in november . Why does it matter for inveters . Well, i think the president s poll numbers over the most recent period of time are falling more so not because of the economy, because of whats going on overseas. Isis, syria, iran, russia, iraq, israel, those are the issues that seem to be resinating as i go out and visit with clients. Everyone seems to be talking about our foreign policy, and that seems to be the issue. From a stock market standpoint, our view is that the we do get a sense in the senate that the senate does go to the republicans. Historically, Deutsche Bank has done the work going back over the last 80 years bhfr both houses are controlled by republicans, it doesnt matter who the president , doesnt matter what party the president is from. The stock market has been up 15 a year over that 80year period in respect and and whats the comparison when its a split house . Less. Less than 15. So investors are looking at that saying, okay, that provides an effective check and balance. 15 and 1r 6 should be relatively strong years if this is the way it plays out. Thank you very much. We have polling data coming on tuesday about the president and the economy. Something to look forward to. Coming up next, directv and the nfl, theyre going to be playing ball. Find out much more about the satellite tv providers deal to pay the league to keep beaming sunday tickets to its customers. Plus, funny man adam sandler strike ago new multi picture deal. You will never guess where the water boy is going to show up next. In his words, here is a hint. It rhymes with wet chicks. Squawk box returns in just a moment. Across the state. For better access to talent, cutting edge research, and state of the art facilities. And you pay no taxes for ten years. From biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo. Startupny has new businesses popping up across the state. See how startupny can help your business grow at startup. Ny. Gov whenwork with equity experts who work with regional experts who work with Portfolio Management experts thats when expertise happens. Mfs. Because there is no expertise without collaboration. Welcome back, everybody. Directv, a big win, it will keep nfl sunday ticket. The news is important because at t had the right to pull out of its deal to buy directv if the sunday deal wasnt renewed. That was seen as a key part of that deal. Netflix does rhyme with wet chicks. Thats Adam Sandlers line. Theyre teaming up. Company expected to announce today, it has struck a deal with the medium. He will star in four films that will appear exclusively. It shows up in some imax theaters. Theyre spending 3 billion in content in the next year, netflix is. I think if youre adam sandler, those movies usually cost 40 to 80 million historically. Its the golden age. Hes had a couple the last couple of films for adam sandler, unfortunately, have not the one he just did with drew berrymore . 14 million i think was the opening weekend. It bombed was the sort of official phrase in hollywood. The producer just said flopped in my ear. Why would you say that, andrew . Bombed, flopped. Youre becoming inside hollywood, you know . Youve become luke a member of the family so you dont want to insult people. No. I just like his hanukkah song every year. I think its one of the great anyway. The tesla chief is tweeting, but its about time to unveil the d in Something Else. An accompanying photo mentions the date october 9th. The sweet lead to go all kinds of speculation. Some think it could mean the electric carmaker is ready to make a new model. Musk has more than 1 million followers on twitter. So t so the d, october 9th. They cooperate do the model s because the other models were the e and the x. Ford or something has an s. What is d . Did we want to do the sex . Yes. Im not making that up. Anyway, when we come back, some big discounts on trucks. I questioneded her. Auto sales surging last month, but could those discounts and questionable auto loans spell trouble down the road for Car Companies . Plus, mega home and mega mortgages are making a big come back. Our wealth editor is here to let us know if we are worrying about a housing bubble. Warren buffett will be here live in studio just about 90 minutes from now. Squawk box will be back after the short break. You know what my business philosophy is, reynolds . No. Not exactly. To attain success, one must project success. 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Enagage with us. Morning. Welcome to squawk box. Im