The company doesnt yet have any comment, hasnt been responding to calls or emails. That Third Party Website was shareholder. Com. Guys, weve been looking through the numbers. If you check things out, it was a fairley thorough release. They look at Net Interest Income of 11. 1 billion. Noninterest revenue of 13. 14 billion versus the street count numbers at 12. 80 billion. They dig down, you can go all the way through each of the segments. Net revenue was down 2 for the corporate and Investment Bank, also down 2 for commercial banking, down 1 for consumer and community banking. We have not been able to confirm with the companyist, but these are the numbers. You have the numbers being compared. Necessary are different than the estimates. So when people were putting it together with jpmorgan its probably fairley complex the way that yeah. And i think he goes, ive got it all in here, now let me just say this. You know, is there a difference between save and send . Things happen. This happens again and again and again. How did it somebody outside got it . This is an outside site. What happens is i assume somebody somebody pressed the button early, though. You send your documents to the outside company like business wiring, shareholder. Com thing. And i think somebody right, yeah. And then they have it. Then they have it. High deaf f is i was telling michelle, most of our most of our people are okay. We take great efforts to make sure every hair is in place. But, you know, we have a lot of guests on. And i was watching this yesterday and every once in a while, i was in for kind of a shock. And i was thinking, you know, phoners, theres something to those. Something to be said for having a really good picture of the person and having them look, i have to admit, i took a little more time this morning because of that. I saw someone who shared and didnt have a collar on their neck and you could see every place that was cut along the way. Our executive producer, you check every nose hair, every ear hair, every blemish, every black head i wonder the first time i get a pimple that im trying to cover up on air. It happens. Weve seen a couple of the guests. One hair can do it. Mahaney, hes a good looking guy. But just on one side theyre coming in close on you now. Thats okay. Im ready, all right . And if i do look a little disheveled, that adds to a rugged indiana you know, thats its something weve been watching. Yesterday was the first day, right . Yeah. Because we went to hd recently. No, no, this is the new beginning. I remember when 60 minutes went to high def. It was like, whoa. Get it straight. Whoa. Wow. Who is the group we play now . Weve got hg what was the twitter or the tweet yesterday . Woibs to the 90s. Here we are. The backdrop for earnings season is a challenging one for the bulls. Stocks selling off once again. The s p breaching a key technical level closing the door with 200day moving average for the first time in nearly two years. Half of the ten main s p 500 sectorses are now lower for the year. The sdou on its worst threeday losing streak since november 2011. It closed yesterdays session at a sixmonth low. Dow transports, listen up for anybody who gets into the transports, the dow theory on this, the dow transports falling another 2 and they are officially entering correction period. That index is down more than 11 from its record high set weeks ago. They are down sharply once again yesterday on the airlines. You have to think ebola plays a role there. Theres always an offset about what causes that. Youre balancing slower Economic Growth which is important for the transports with the low oil produces. But you throw obama in there and you can imagine if it wasnt just west africa, if it was located somewhere else, there would be people who arent traveling. Initially, that just is an economic thing. Its not necessarily a pandemic or the black plague. But people start doing less economically and then thats andrew, youve got your column on this today looking at the economic potential that wall street is modeling today. 32. 6 billion is the world bank estimate of total losses over the next 18 months. For ebola. Thats not assuming a pandemic. Thats assuming that their 200,000 cases of ebola and what the Economic Impacts of that is the result of. Were only at like 6,000, right . 32. 62 billion. 32. 63 billion . You dont have anything greater . These are the guys with the temperature models for Climate Change . However, i put it in place view in the column. 32. 6 billion is less than apple makes in a quarter. But that is more. But 200,000 people, that is the headline. 200,000 people and their model for 32 billion is 30 more than you would save if you outlawed inversion over a tenyear period. Its not just the dow we were talking about and the dow transports. It is off about 9 from a september high. As for todays session, lets take a look and see how the futures are shaping up. So far, it looks like its going to be a little bit of a mixed bag. Actually, things look like theyre positive at this point. Dow futures up by about 34 points above fair value. S p futures up by 4 points and the nasdaq up by 13. We have a big global story this morning, north korea trying to end speculation that something is wrong with its leader. When he made the visit, he needs to hold up like the New York Post with a current cover. Before today, the last time that kim had been seen was at a concert on september 3rd. You know, i dont even know what to say. I guess i care whether hes but i want to you talked with us about this when it first came out. Hes back and what does that tell us at this point . Not a lot . Not a lot. I think there was some there was some speculation. Remember, there was all kinds of speculation. There was some speculation that perhaps he was trying to test loyalty among the population and the military, etcetera. To see what comes out of the woodwork, etcetera. And anyone who is disclose would no longer be there, right . Exactly. The whole thing is do you want me to yeah. Michelle is actually here not just talking to us about kim jong un. She does have more on germanys struggling economy. So im going to tell you news about a german Economic Indicator that we rarely talk about on this show, except that germany is now appear to go be the ground zero of the problems in europe. The zew is out this morning. This is a survey of analysts in germany and it fell sharply today. If you see europe, you would cover this number like a very big deal. Today, the number was very negative. Down 3. 6 . Its the worst reading in nearly two years. Now the zew cant rule out a contraction for the Third Quarter in germany. And if you run through some of the screens so i can show you the euro, the session now has moved to a low within the day. The german dax i thought it moved lower earlier on. Lets show you whats going on with the german tenyear yield, as well. We expect germany to put out official forecasts for growth. Theyre expected to cut to 1 when they have been close to 2 . Whats the problem, joe . 0. 85, tenyear . Yeah. Where is italy. Thats a very good question. I dont know if we have time to bring up the italian chart, but what we have seen is where german rates go up but problematic economies start to get up. That would suggest to you that mario draghi cant keep talking about the low rates, they have to do something. At the imf meeting, it is very clear that there is a huge divergence between what europe wants and what all of germany wants. Germany still refuses to act weess the idea that printing money and spending is a good idea. Im not sure theres anything that would get them on board because theres two ways to get inflation, right. . A good way, which is your colleagues doing great, high productivity, people are Getting Better wages. Theres quick money and budget deficit spending. Ebola right now, venezuela has lots of inflation, we know how to do it, but you dont want to necessarily do it that way. Thats the german opinion, right . If you just inflate that way, youre going to inflate on the currency, but its a lot less. And they could set a control, too. Absolutely. That is the whole issue of uncontrolled inflation very much fits with the german population is one of the reasons why. And they also feel like theyre going to make it through. Michelle, thank you very much. Well talk a little bit more about the markets and whats been happening here. Joining us right now is joseph quinlin. Right here on set with us, we have jeremy veeren from ubs. Jeremy, what do you think is happening . I think weve seen the pullback, obviously, and its not what weve seen over the past 21 months when weve had the bull market setbacks anywhere from 4 to 8 . I think investors need to cope in perspective the u. S. Economy is actually in pretty good shape. So its very easy to get caught up on global points, we heard from microchip last week that had a negative afounsment. But in aggregate, corporate profits wk are going to grow high digits this quarter. From that perspective, we remain bullish on the u. S. Equity markets. Are you more bullish . Certainly the defeat of the decline on thursday has been a little alarming. But that said, each time we go through one of these episodes of the vix spiking through 1. 20, nothing is pulling back, it feels bad. It feels like this time is different. Each sometime what has driven markets higher is the strength of the u. S. Economy and corporates continue to be strong. This has reverted back to below 14 within a month each and every time. Why do people think 10 corrections are so normal when, you know, we get 6 , we really do think i mean, you know, were pulling our hair out. Why does that if its so normal to do 10 , why cant we calmly watch a 10 correction without panicking . We have had a low volume timt market to some degree. People get accustom to it remaining low corporate volatility. If you dont get to 10, you cant get to 20. Of course. Even the rally weve seen, people are nervous because theyre up so much from the bottom. I also think valuations where higher. There was less Downside Risk because you had that valuation buffer. Now valuation has pulled up. Weve pulled back now. 14 times seven forward consensus earnings. Thats the cheapest weve been since the january february 6 decline we had earlier. When it doms goes down fast and sharply, people hear about it. The people that arent really committed to the position sell to the other people that are going to hold. The beginning of something more extended usually doesnt telegraph itself as clearly, does it . That is the good thing about corrections. Theyre usually in bull markets, not the beginning of something worse. This. What do you think . I think joe is right. Remember the scares out of europe in 2010, 2011 . You raised the issue what would it take germany to move. I think when the unemployment in germany goes above 5 , that will get their attention. Theyll be more aggressive. I think this is another growth scare, courtesy of europe. This time the economy is much stronger relative to 2010, 2011. I wonder about some of these companies thinking theyre going to export their way out of this problem. I wouldnt say screaming by, but we feel like information technology, energy has a lot of value in it right now. It could go lower because oil prices are signaling. So well work our way through this. But, really, at the end of the day, financials will do well. I have to throw that out there. This is a growth scare courtesy of europe. Weve seen this movie. I do think the economy is a lot stronger than it has been in the last couple of years. Joe, this is not an ebola, its sort of a pull on the market based on that or and should it be . It will never be a factor in the market, ebola, or you just dont know . Joe, i really dont know. Theyve done a good job. If nigeria can contain ebola, i think the United States and spain can, too. Not ready. I do think this will be contained. Airline stocks, some of these good names are being punished for that. To me, i think this will pass. Its a learning experience. Its very emblem attic of globalization. Were all connected. Jeremy, let me ask you, what would you say . Would you be telling people to buy on this . You both sound like youre convinced this is a oneoff situation to power through this and come out the other side. I think thats right. I dont think necessarily markets are going to decline this week. But i think there is a Good Opportunity for investors. I think its important to keep in mind, were having a Global Growth scare and corporate profits in the u. S. Are very healthy. Even the early reporters so far in this earnings season, 70 of them are beating on the top line. Jeremy, thanks for coming in today. Joe, it was great talking to you. Thank you. Thank you. Up next, a midterm battle that could determine the power structure inside the halls of congress. Jaul john harwood making a special instudio appearance. And everyone is watching and tweeting about the walking dead. Find out just how many of you did you see it last night . No. Dont tell me. Find out the kids who are aware of whats going on at this point. Dont. Sorry. Find out just how many viewers turned in to see if rick and the gang get out of termis. Squawk returns in just a moment. When change is in the air you see things in a whole new way. Its in this spirit that ing u. S. Is becoming a new kind of company. Ing u. S. Is now voya. Changing the way you think of retirement. The walking dead scored the series highest ratings ever. I wanted most people to watch the nfl game on nbc. But 17. 3 Million People tuned into a cable show for the season premier. 11 million adults between 18 and 49. Can you imagine . Previous record for the walking dead was 16. 1 Million Viewers for the season for a premier. And it outperformed Everything Else on tv in this demo, 18 to 49. A total of 1. 32 million tweets, making the walking dead the number one new season drama for premier in 2014 in terms of tweets. Talking dead also had its highest ratings ever with nearly 7 Million Viewers. Congratulations to chris and conan obrien, right . He was really good and they have on nick atero and scott symbol. Scott a really thoughtful, smart guy. You cannot talk too much about this. I still havent seen it. I know youre tempted. You keep throwing out small hints along the way. If you ruin it for me, i will ruin it for you. Did you ever watch baseball . Have you seen what a good baseball swing looks like . That is another hint for me. I am going to destroy you when you miss it later this season. Im not going to go back to the trough and talk about it. More than squawk box . Slightly. Were not measured effectively by nelson. Our numbers theoretically could be bigger. They dont have a way of measuring or numbers. John harwood is here. Doesnt anybody who is important see ow squawk box . In multiple continents. A major midterm battle between Mitch Mcconnell and his democratic opponent Allison Grimes had their only tv debate last night drawing pretty Huge National attention. I dont know if its more than squawking dead or talking dead. John harwood making a special appearance here this morning. So what the heck happened . Guys, this was a really good debate. Allison grimes is in her mid 30s, hasnt been on a stage like this before. She performed very well. Mitch mcconnell was the best Mitch Mcconnell he can be. Took some of the things about his persona that dont always come across on television. This was major league baseball. They mostly stuck to the familiar points that theyve been making. He was casting her as a tool of obama and the antiforces pushing a Climate Change agenda. She pushed him as a tool of big business, the coke brothers, opposed to the minimum wage, things that as a tool she pushed him. Yes. They were on their game. Weve got sound from both. First here is grams neimes near open of the debate talking about what mcconnell presents. Its gridlock, its obstruction, extreme partisanship that cost this nation a 16day government shutdown, 127 million. We cant afford to go in that direction. My record speaks for itself. Im an independent thinker that does whats right for the people of kentucky, not partisan politics. Now, the independent thinker part that she mentioned, thats because shes trying to establish distance from herself as a democrat with the top democrat in the country. Thats obama. She would not say this has become a theme. She still wont say whether she voted for him or not. Thats the one. Its been a theme thats been going on for years. She did say in another interview that she voted for Hillary Clinton in 2008. She just wont say i dont think you can blame her for not voting for obama. Look, she was a delegate to the convention. We know how she voted. But here is Mitch Mcconnell coming back. Oh, by the way, before we go to allison, the key phrase that she used in there was 30year record. Shes trying to tie him to washington gridlock. Here is how he came back against her. The whole campaign has been designed to deceive people into thinking shes something she isnt. Its previous obvious, given where her support comes from, all the anticoal activists in the country, that shes going to do their bidding. So he says its deceit, youre trying to hide. Its not a bad argument in certain respects. And weve got a very close race and two candidates performing at a high level. Its fun to watch. The moderator was also good, kentucky. Allison grimes pollster, who was accurate for harry reed and Heidi Heidcamp had her ahead by a couple of points. Well see whether that holds up. But i think functionally, it is a very close tie race, one or two points on either side and, you know, weve got turnout battles and huge attempts to mobilize voters. Its a conservative state. Betting on mcconnell. Barack obama lost big time, but shes got a shot. Is there going to be any type of november surprise . Are you predicting anything . I think there will be a bunch of november surprises. Youve got a lot of volatile races. I mean anything that the democrats trying to do to pull out of those oh, oh, no. You mean wag the dog, Something Like that . No. Just something that benefits. People ive seen a lot of pooej people talking about whether they they tried that with gitmo. Look, the president has been doing a series of things