Rosey lately with volatility back with a vep jengeance. The dow is up 4 . The s p is up 5 . And the nasdaq is up by roughly 9 . We have been watching the futures this morning ahead of the opening bell this morning. We do see red arrows with modest declines. The dow futures are just 28 points below future values. The s p is down two points and the nasdaq is down 3. 5 points. Over to you, andrew. Well talk Corporate News this monday morning. Argentina suspending proctor gambles operation in the country accusing them of tax fraud. Argentina accuses the company of overbilling 138 Million Dollars in imports to get money out of the country. They are gaining in mccow with and lists looking to decline year over year. Among the reasons, fewer tourists slowing the Economic Growth and china fighting corruption. And in a monday morning deal already this morning, the publicis is buying sapient for 25 a share in cash for 3. 7 billion. Thats a 44 premium with the deal coming after publicis failed on the commerger. Culture issues didnt work and they want to be in the digital space. Investigators continue to probe into what caused the Virgin Galactic spaceship to break apart over californias mohabi desert. Among the findings so far, a device to slow the spaceships descent is said to have deployed prematurely. The spaceships copilot was killed in the crash and the pilot parachuted to the ground and was found alive. Hes breathing over the accident but determined to move forward. We have always done commercial spacecraft travel is an incredibly hard project. Safety has always been a number one priority. This is the biggest test program ever carried out in commercial aviation history. Precisely to insure this never happens to the public. And the journal weighing in with an editorial saying things like this when youre trying to do something this difficult or are part of the process as unfortunate as it is. There were questions raised. In the past they said this was so expensive. It is the first time they were using a new motor on board. But i read that the journal says it was a structural some people say structural and others say its a change in the motor going from rub tore plastics. For fuel. But i dont really know anything about this, but part of the question raised over the weekend include things like, should you be doing more nonmanned test flights. Critics say its too expensive and wonder if that leads to a push for more difficult things. Well have more. Jane wells will report live from the site of the crash later this morning. Another quick deal crossing the tape right now. The lab man is reresponding with 105 a share for labcorp. Well get the latest and bring it to you later. Check out oil prices because the market has been fascinated with this for weeks at this point. Up slightly this morning by 15 cents. You are still looking at wti at 80 and change. 80. 69 right now. Also check out what is happening with the tenyear note, its yielding 2. 321 . The dollar this morning is up against both the yen and euro. The dollaryen is at 1. 1327. And gold prices at this point look to be barely budging, 1,171. 80. Stocks as we mentioned, a notsoscary it man and on the economy we have kevin cummings. Director economist at ubs. Jeff, well start out this morning just looking back at things harrowing at points, but at the end of the world you saw an amaidsing setback. What happened . I was on yalls show before i left to europe in twoandahalf years ago. Since the october 2011 reversal to the upside, many stocks were at 30 to 40 . So you had extreme oversold condition. You made a bottom and got to bounce back. Typically a bottom is due to the dress. Does that mean theres a oneoff if you missed your opportunity or will the market test the levels . Tippic lip it will cop sol date for six to eight weeks, maybe not tessa but come down half the amount of the rally. I dont know if youll get that. What would you tell people at this point, sit sir . I do think youll be up going into the elections. I think if the republicans take back the senate, youll get a blowout move to the upside at that juncture. I would be selling some trade ing before i would get involve d. Consensus is near 230 so i think it will be a Pretty Healthy report. Were looking for another drop in the Unemployment Rate to 5. 8 . And that will be real important obviously for the fed and how quickly they begin to normalize rates next year. So i think that right now were getting closer to that level where the fed expects to see some pickup in this last week. So this could be an important read from the perspective of how much closer do we have to get to when we look at the yearoveryear basis. You are still near 2 whatever wage measure youre looking at. But with the up employment rate dropping to 5. 9 , thats the first fivehandle since july of 2008. We are probably going to see a further increase in wages. If you look back to the cycle, you didnt pick up in earnings. Over the next two years, you did have a twopoint appreciate in wages. So youre likely to see a pickup in wages over the next two months. Why do so Many Americans feel like they are not happy with the direction of the economy . There are a lot of pluses and minuses that go into adding gdp. You saw two things that will reverl a little in the fourth quarter. You have cut estimates from a little above growth and below 3 on friday to account for that. But i think in the private sector economy, it is taking the baton that we dont need all the assistants from the government sector like the fed and obviously q1 has come to a completion now and the economy can take off from there. Obviously it was as high as 10 a few years ago, but now its not going to feel that great for those dropping out of the law force. They no longer dropping for work, but the economy seems to be moving in the right direction. We are not looking for any kind that things are maybe lukewarm and that keeps the fed in here, are we . I think you start on i think the economy improves from here and youre north of free gdp. I capitol is all many want to talk about, the u. S. And capitol. I think money is going to come here and i think we are in a secular bull market with years left to run. So even though we have snapped back to these new highs, youre okay with that. Its not necessarily wait for another correction, go ahead and keep putting money into play. I would check on a smart term basis, i would take trading positions off the table here. But i think we have another eight to ten years in this thing. Both of you thank you for your time today. Well talking about walking a different tightrope this morning. Daredevil Nick Wallenda made it across two towers with the wire 3 4inch thick. The first part of the act is walking on a 15yard incline to give him the record for performing the worlds highest walk wearing a blindfold for the steepest incline. My heart was pounding out of my chest as i was watching this last night. I almost wanted to look away. Discovery Network Posted that event. I dont know if you saw it while on the water. But they thought he could somehow no, he thought he was going to somehow grab onto the wire. There was a literally my heart was i couldnt believe it. And some of the aerial helicopter shots and the shots of the lot here. I watched the first one and thought, hes doing it again blindfolded . And youre worried. I watched something that could have had much more disastrous consequences and i did, that was the jets game. He said prior to getting on the rope, the people are watching because they want to do th that. It is an obvious thing to say, not really true. But if there wasnt the risk of that happening. Since we are a business show. My question is how much should he get paid to walk across that tightrope . I dont know, i looked online to find out how much they pay. Because it bothers me we celebrate this risktaking that you could die from. Hes going the keep doing it until until something happens, right. Find out how much in any sporting event, find out what the growth is and whatever is fair for him. What was the total pay . Because it was all about him. A twohour live show that works in a rebroadcast a hundred times. You can do it in multiple countries in discovering i was global. This is a conversation i was having with an interesting business in how much you pay for it. It only happens every once in a while. Im ann and im still pounding, but last time he said a lot of time went to i understand, but you dont need to ask for gods help to not fall off. Just dont get on it. I think hes got a pretty good idea hes going to make it. I think he feels pretty confident. I think hes really good at it. Would he be doing this if he didnt think he had a shot at it . I think he i was wondering if he fell and grabbed onto the rope, he wouldnt have to he could have hung for 30 minutes. Within one minute they can be on the track to have the pulley system to come flying over. However, that assumes you catch the wire. If its 40 degrees outside, your hands are cold and youre blindfold blindfolded. I will say this, why wont you attach yourself to it wearing a hardness. Apparently theres a dayer in that, too. Not a death danger. Why not a parachute on. Thats what i thought. You see all the wires that are stabilizing it . Yeah. Youre dragging effective ly but that can make you lose your balance. Anyway, there it is. When we return, gamers getting a first taste of the latest call of duty and advanced warefare. Thats really fight iing. They both left. Squawk box returns in a moment. Are we still on for tomorrow . Tomorrow. Tomorrow is full of promise. We can come back tomorrrow. And we promise to keep it that way. Csx. How tomorrow moves. What a day. Cant wait til tomorrow. Welcome back. One World Trade Center officially opens in new york with anchor tenant moving in today. The movie giant will occupy floors 20 to 44 with the first wave of 175 employees arriving at their new offices. Other groups of employees are scheduled to move in every subsequent week with the entire move completed by february. The Freedom Tower stands at 1,767 feet tall. A lot of november bringing snow to some parts of the country. The Weather Channel has the latest for us. Hi. Look at portland, maine. Things have improved as you are not seeing all the snow that you once saw, which is good news. You need a rebound. You have gotten double digits in the snowfall. This is the earliest we have seen that on record. Incredible stuff. Bad news is the winds have been pretty brutal. Look at the advisories in place. We have several of them because chilly temperatures and a frost advisory are in place for the nations capital. We have another freeze warning in place, so well continue to see that down to north carolina. But how about a little bit of good news . Temperatures do eventually rebound, but getting your morning kicked off in the northeast, you have some of the snow on the ground. In some places you have hundreds of thousands of Power Outages stretching from new york and maine at the peak there. And still tens of thousands of people in maine as we speak. Temperatures are too cold for that. You have got to get the warmup going because you dont have you need the power to help warm you up. Unfortunately, a lot of folks have backup of wood there. 36 degrees right now in boston for you. If youre in new york, 39 degrees for you currently but well factor in the winds that are going to be chilling you and making you feel it down in your bones getting out and about today. In the northwest, speak iing of the snow. Back to you guys. The carolinas had 100year records or alltime records for snow this early, right . Yeah, alltime records. Thank you. We appreciate it. I would say something, andrew, its not warm, its changed. So it just covers the whole thing, but i have learned my lesson. The constitution guarantees religious freedom. And i dont disparage anyones system. Its your prerogative. And modern warfare is making a big push to release early. In the movie industry, you can decide what to do with the stock based on what is coming. And if theres a threemonth period or a quarter where nothing happens, usually it goes down. This is how we need to decide what to do with the issues, right, eric . Modern warfare is the biggest release of the year, but it is their biggest game of the year. And we do like this company to buy. Stock has been weak of late and a Good Opportunity to take advantage there. This is just like an iphone or new gaming system, what is new about it . I would kind of put it in that context. Like we see with movie sequels. Its a developing new system. This is the first game specifically made for the next syst system. Im ignorant. Do you play online against people . The online element is a very big part of college duty. Its by far getting the most number of people playing online and that is the perk of the game. What does it do and how much did it introduce in the first week . Well, shipping usually runs around a billion dollars a year for call of duty. Ultimately the game sells in excess of 20 million units. 20 million units. How much will it be selling three months from now . Baptist, almost like a movie. The game still has accident legs, but your big one throughout the year is the game can do well for six to nine months. So there is there is additional con places to go. Starting in september and january, updates happen three to four months apart. Friends play with other friends. Do you know all about the gaming days . My best gaming days piqued 20 years ago. It is tough when you cant get beyond the first 10 to 15 minutes at my age. Did you play alien . Who makes alien and who plays it. I hear that its better than watching the first movie. Aliens, i have just came that out. How many are there . What is the total universe now and which ones do you like the best . Among the publicly traded publishers, theres activersion with a buy on, take two and lek tropic arts with a neutral on. The industry is really shrinking over the last couple of years because what you have done is the middle gains, the lowbudget games have gone by the waistside and its a go big or go home right now. We need big event games to attract huge audiences. If you dont have the money to pay for the budget like that, you have gone out of business for the acclaims and the british. Will you play that if youre going to come . Buy alien and play it for me. Because i hear aliens it returns you to the first original movie. All right, ill check it out. Thank you. Thanks. Investors seeing green and Many Companies calling ireland to the emerald aisle. Well have a debate going on. Also, our guest host this morning, youre not going to want to miss this. Check out the latest stocks right now. Tdd 18003452550 [ male announcer ] your love for trading never stops, tdd 18003452550 even on the go. Tdd 18003452550 open a schwab account, and you could earn tdd 18003452550 300 commissionfree online trades. Tdd 18003452550 so if you get a trade idea, schwab can help you take it on. Tdd 18003452550 were getting a lot of questions tdd 18003452550 about organic food stocks. Tdd 18003452550 [ male announcer ] sharpen your instincts tdd 18003452550 with indepth analysis by schwab experts. Tdd 18003452550 and if you want to run your idea tdd 18003452550 by a schwab trading specialist, tdd 18003452550 our expertise is just a tap away. 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In case you missed it, the steelers destroyed the ravens. 4323. Roethlisberger threw six touchdowns and now has 12 tds in two games. Thats kind of unbelievable. I dont know if i want to say the patriots destroyed the brop coast but they beat them, they spanked them. Who are you a fan of these days . I actually watch carson palmer. Im being talked into watching the cardinals and they looked really good yesterday in arizona. They beat dallas. I like dallas and the cardinals. I like the patriots. I do like the redskins. I watched the end of that game. Everybody but the bengals. R. T. Got sacked there. You like everybody but the bengals . Whats the other name of the team . Theyre gone. No, they are dead to me. I hope they win the super bowl. Theyre not going to. Dont worry. Making headlines, Small Business borrowing hitting the smallest level in seven years. According to a lending index from thompson reuters, this is correlated with gdp growth two to five months ahead. And Malaysia Airlines receiving the first lawsuit on the missing flight mh270. And apple is reportedly holding an investor call today ahead of the potential bond sale. A banker is working on the deal and the paper is considering issuing bonds in euros. That makes sense. I think the 100year issue is in order. Too bad they dont have cash on the balance sheet. Yeah. I dont know. Maybe they are going to be buying back more stock for uncle carl . I dont know. Now im hearing that im the lost leader. Two straight losses for the cowboys. The bandwagon jumping they dont want you as a fan, you bring the plague with you. Well check on the markets. As we told you, october was a pretty good month for stocks. You never would have guessed that a few weeks ago, but watching the comeback from octobers lows to the end of the month represented the biggest snapback within a single month since march 2009. That was to the dow and nasdaq. At this point, dow futures down by 27 points below fair value. S p 500 down two points. In european markets in early trading there, there are also declines of a third of a percentage point across the board. And if you watched what happened in asia overnight, this is what happened on thursday. Investors seeing green overseas. Forbes is naming ireland the best country for doing business and having the best year ever for foreign direct investment. Plus, a number of top two businesses making a home in ireland thanks to big tax breaks and a highly probusiness environment. Joe is here to