Todays battle for control and all of the issues at stake in just a few minutes. But first, we have a round up of the mornings other top stories. Joe talks about it. Oil prices falling sharply, expanding losses for a fourth session. Check this out right now. You thought this was bloody yesterday, down another 2. 6 this morning. 76. 70 for wti at this point. Saudi arabia cutting prices to the United States. The exporters battling for market share here in the Worlds Largest energy consumer, nation, also weighing on prices. Signs that opec is ready to curb outputs. Oil prices are down more than 20 from this years peak in june and, andrew, this is a huge deal because, in saudi arabia, they can produce that oem oil for about 30 a barrel. Here in the United States, if you start looking at fracking and some of these other techniques, its more complicated, its more expensive, and it costs somewhere between 6 0 and 63 on average to get some of that oil on the ground. Weve got the number of stocks on the move to talk about this morning. Online coupon Company Retailmenot is announcing its cfo has resigned. No word on why. The companys quarterly forecast falling short of estimates. Sprint, we should tell you, reporting a bigger than expected quarterly loss. Its also announcing a 2,000 job cuts, as it tries to trim costs. Of course, that company has a new ceo. Still, 86 days in, theyve done a lot of things. Well see what they end up doing at that company. Hopefully well see them in the next quarter or two. Some of the things that theyre doing coming to fruition. Herbalifes earnings and revenue missing the mark and the maker of weight loss and Nutritional Products slashing its full year forecasts. Aig reporting better than expected quarterly earnings. The results helped by performance at its core insurance operations. The company authorizationing more share buybacks. And one more corporate story of note this morning, jpmorgan says the Justice Department is conducting a criminal investigation into its Foreign Exchange business. The bank is setting aside more money for legal costs to almost 6 billion, more than it had previously reserved for that category. So theyre still in a legal suit. It aint over yet. Its like she loves me, she loves me not. And retail, capital m, and they didnt put it in there, right . Lets check on the markets this morning. Yet, sort of up, sort of down, but not too bad and not too bad today. I dont if you think the markets wait to see what happens in the election yeah. And wait to see what happens in oil, too. There is a saying if you want to live like a republican, vote like a democrat. Youve heard that saying, right . Yesterday they were saying that a couple guys were saying if the republicans win, i expect a big bounce in the markets. The democrats argue that its always better to have a always. Democrats argue that its always better to have somebody hit a correlation of all of the ways the government has been organized since world war ii. The market has done best when you have a democratic president and allrepublican congress. You know, a lot of times i think that theres lags, theres leading things. You never know the composition. Most people dont take it that far. They just take it democratic president or republican president and they look at things based on that and come up with all these numbers that i dont think necessarily are when you have a small number of cases, it doesnt necessarily prove that. The tenyear is at 232. 237 by the end of 2015. Here is the dollar against the euro, 1. 25. Pound, 1. 59. Finally, lets check out gold. Some people say its gold with us moving one way and the rest of the world moving the other. A number of races are too close to call at this point, so john harwood joins us in the studio. I said my number is 58. 58 republicans and you agreed with that. No. You did not agree with that. How did you get to 58 . You could get to 58 if republicans win every tossup seat. Theres ten of them. That sounds good, yeah. And if they win virginia, that gillespie stages a miracle comeback to beat mark warner, terry wins in michigan and somehow al franken gets taken out in minnesota. Theres no way minnesota is going to let a comedian from i love saturday night live, but serious think . I mean, he is quite likely to win. No, i know. It is a breeze, not a strong win. You said last week definitely not a wave. You could surf this wave at this point, couldnt you . Well, you know, its a little bit of a distinction without a difference. Youve got a bunch of close races. It looks as if republicans are going to win most of them. Theyre likely to win the senate. Im thinking 52 seats or so. 52, 53, yeah. That is a very good night for them. And a wave, you know, in the house, were always talking about small numbers of seats changing hands because there arent that many contested. So how do you call something a wave if you only win a few house seats and in the senate you have a lot of close ones. Did biden, is he speaking for the administration the last couple of days, do you think . That didnt come from the president. You remember gay marriage, that started with biden. I think biden has his own ideas. The question is whether they can get a compromise. That didnt happen in the last six yearses. Well, it actually did. So you think that that was not a news item you led with, biden saying that in the last couple of minutes . I mean, who says they wont compromise . Ted cruz and thats about it. Yeah, no, i was thinking of the other side. I dont see the president moving a lot one way or the other. Hes not going to abandon his principals just because the republicans win a couple of seats in the senate. But his principals arent necessarily at odds with things that compromising would be or Corporate Tax reform, Something Like that, you mean . Yeah. You had 16 republicans vote for that immigration bill. Thats a pretty large number of the republican caucus. The problem is with the house. Its not with the senate. How can how would they compromise with the house on that front . What kind of an immigration bill be something that could pass both chambers and that the president would sign off on . Nothing. I dont see that happening and i think the president is going to take executive action to legalize a substantial number of people unilaterally, which is a remarkable thing that we havent, you know we hadnt entertained that possibility that a president could do this. Hes really going to push the edge of depending on what the final order is, but most people think its going to be several millions of people granted legal status. I think its going to be tough. Its obviously going to go to court. There will be a constitutional issue raised against it and so where do we come up with compromise on legislation that both sides can actually agree on . Very few. Trade deals are a possibility. You have a president s negotiating a trade deal with europe and one with asia. I think you can get the two sides agreeing on that. Corporate tax reform in theory is something they can agree on. But i dont expect it to happen because of the larger political dynamics where republicans want to link it to personal tax reform, which is much more difficult to do. You could have some infrastructure spending. You have the republicans who want too much some infrastructure, not on the scale the president wants and thats a potential area. But i dont see a lot. The runoff stuff is hard to understand, obviously, because it you know, you see them where the democrat has a higher vote on the first round and then someone leaves and you add the two together you have two conservatives running against landrieu in louisiana. Shes not likely to get to 50. Youll have a runoff in december and she would be favored to lose that race. Georgia looks like its possible its a tide turndown and maybe purdue wins 50 on today. Could be. I wouldnt expect it. Really . I would expect georgia goes you to a runoff. That would be in january. But purdue will also be favored in that runoff. Thats all we need. Thats going be like hanging chads. And maybe like tonight, because there are three seats that republicans are favored to carry, that may not be resolved tonight, alaska takes a long time to count votes, very far flung rural, you know, voting precincts. We could have a we could be pregnant with a republican senate, but not have it delivered for several weeks or months. Youre going to take this again, arent you . Is that where youre going with the pregnancy, because they couldnt get Birth Control from the republicans, is that why . The republicans didnt let them have Birth Control. Just be a little late. I like the analogy. And theres no pitossin for that. You know its coming. Im offended by it. Did you see this Morning Money today, anthony chan and jpmorgan, did you see the report . No. Thats what i was reading. I saw that, but 6 when the incumbent in the white house gains seats in the white house . Im sorry, what . Not that the s p soared 11. 9 in the final two months. Oh, yeah . You said those words . 12 , yeah. I didnt think you were listening. Tlit was. I thought i was listening, but then i saw 11 , 12 . You dont lisp to becky . No. I try to listen to becky. I try not to listen to joe. Do you listen to joe more than electricky . No. I think you are admiring your new tie, your new election tie. I do like it. Its my holiday tie. I thought you were mention i like you. Okay. Im done. A happy idiot. No, im not but i am a happy idiot. A new one . Yeah. A new song. We have to play that if we can find it. Thank you, thank you. I know you have a very long day. And we will be here all morning. We may not have an answer by tomorrow morning. Well be back tomorrow morning to discuss the pregnancy. It sounds good. When we come back, we are going to head to ireland for the dublin webb summit. Some of the biggest names in technology are on hand. After the break, well catch up with eva langoria. Shes been doing a bit of sight seeing and eating ahead of this big event. And later, if theres any doubt steve jobs was a big personality, another actor turning down the chance to play the big tech on the screen. Well find out on who and why when squawk box comes right back. Big day . Ah, the usual. Moved some new cars. Hauled a bunch of steel. Kept the supermarket shelves stocked. Made sure everyone got their latest gadgets. Whats up for the next shift . Ah, nothing much. Just keeping the lights on. laugh nice. Doing the big things that move an economy. See you tomorrow, mac. See you tomorrow, sam. Just another day at norfolk southern. A little shot of the Nations Capital under construction. Renovation right now. Another actor playing down the role of steve jobs. Christian bale, ee krauing from apple movie, deciding he wasnt right for the part. Leonardo decap reno pulled out of consideration. The project was expected to begin shooting this winter. The screenplay is written by my namesake, but unrelated allen sashgin. Sarkin. At first i heard Ashton Kutcher was doing it, i thought no way. The book was great. The film thats ashton did was based other books and other things. Christian bale is i think hes insane, but hes great. I would have been perfect. You saw american hustler . Hes fat with that comb over and not that theres anything wrong with a comb over, anyway. Lets check on the markets this morning. If youre taking a look at the futures, youre going to see right now, at least, that things are under a small amount of pressure. Dow futures down by about 28 points below fair value. S p futures off by 5 and the nasdaq down by 10. Oil is the big story, though. This could determine where a lot of markets end up trading. Another down day today after falling below 80 yesterday. Youll see a decline of another 2. 7 this morning. All the way down to 76. 66 for wti. That is something thats going to move a lot of different markets today if we continue to see these pressure. Seema mody joins us now with a special star in dublin, ireland. Shes there covering europes hallmark tech event. Seema. Thats right. Weve been speak to go several entrepreneurs as well as tech titans about whether entrepreneurship is the answer to europes economic woes. Weve also been exploring and discussing technologies that have been presented here at webb summit and the Important Role it plays, not just in corporations, but to media personalities. Were going to bring in eva langoria, a well known media personality. Thanks for joining us. Thanks for having me. How important is that to you as a media personality and in building your brand . Well, its absolutely important. I mean, when they asked me to come here and speak about my philanthropy and my entrepreneurship, i thought, thats so great because ive always tried to unite the two and the way you do it is through technology. If it wasnt for social media, i wouldnt be able to get the message out about all the philanthropy i do. Technology has pretty much disrupted every other aspect of our lives, except in the classrooms. We still sit at desks, we still look at a chalkboard. Its my hope we can integrate more technology into educational systems. And you think in order to be a successful media brand or actress, you have to accept the fact that we live in this visual age . Yeah. I think you have to accept the fact that we live in a global community. You no longer just live in the United States. We are affected by everything that goes all over and around the world and so i think once you accept and acknowledge that, youre able to understand the way to reach the rest of the world is through technology. Youre the executive producer of food chains, which debuts on november 21st. It explores the current of farmers in the u. S. Tell us why farmers are such an important issue and something that you decided to make a film. This is my second documentary about farm workers. Agriculture is the backbone of many economies in the world and its still very important, obviously, in the United States. Sometimes when people think of exploited labor, they think of china, they think of the ivory coast, but they dont think about the United States. And so for me to be able to humanize the issue and whats happening in our own backyard in the United States with the exploitation of cheap labor and we have an entire industry completely depend i cant answerant upon immigrant labor and this film shows the food chain, how a tomato specifically gets from the harvest on to your table and what happens then. You know, its interesting because at cnbc, weve been covering the Economic Data thats been coming out of the u. S. Which suggests that the u. S. Economy is improving. But the research youve done with your documentary on farm labor and that argue, of course, plays a big role in u. S. Gdp, would you say that the economy isnt, perhaps, allude to go or the economy isnt improving as much as the data is suggesting . Well, i cant answer that because im not an economist. But what i can say specifically about the documentary, about the farm workers is we are the most well fed nation in the world and the people who pick our food goes to bed hungry. They do not have access to that economic mobility like others may have. Your foundation recently partnered up with Warren Buffetts son. Can you tell us about that . Yes. Howard is a farmer so howard and i do a lot of Work Together in central america, in mexico for farm workers there. But also we partnered on an entrepreneurial program. We have the buffett langoria fund that helps women gain access to capital and Business Training to start their own businesses. Okay. See va langoria, well leave it there. Guys, back over to you in the studio. Great, seema, thank you. That was great. I heard her speak recently. She seemed very concerned about farming issues. America has been worrying about. Youre not eating organic, youre eating food thats been sprayed and therefore all the workers who are working on the food have been sprayed. Right. You were listening to her, i noticed. I mean really closely. I listen to everything that becky says. In that case, i looked at you and i was going andrew, andrew. Compelling television. Still to come, were minutes away from alibabas first Earnings Report. Trading now above 100 a share. La alook back at the man behind the mega chinese company. As we head to break, check out the list of the most clicked names on cnbc. Com. More squawk in just a moment. Theres confidence. Then theres trusting your vehicle maintenance to ford service confidence. Our expertise, technology, and high quality parts means your peace of mind. Its no wonder last year we sold over three million tires. And during the big tire event, get up to 140 in mailin rebates on four select tires. For tapping into a wealth of experience. 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