Speak for yourself on what the big one is that everyone will be watching. Theres another big one . Theres only one big one as far as im concerned. Comcast. Yeah. I think some other people are interested in apple but, you know, when you say the big one some people. They are both companies that have invested the market. Apple up 9 , comcast up 7 . There you go. Apple down in the last three months 5 though verses the market being off. A little bit of a rotation. Comcast has done better. With comcast i like to see because we talk all the time. Is it glacial or is it greatly exaggerated or is it happening quickly and im talking about your cord cutting and worries about old media. My view on comcast dont try to pretend like you have always liked it. You have thrown that in with the rest of the old media. I do not. Because we have the nbc portion which is the content portion which i think longterm that is but the pipes are great too. It doesnt matter if you cut the cord because you still need internet when you cut the cord and comcast two quarters ago became an internet company. If you own the cables youre good to go. Unless you believe in my other question which is 20 years from now whether you think wireless will be so fast that it actually could challenge cable but thats not were running out of quizels. Those are the things that flow through the air on bandwidth or stuff. Do you understand that . How they open up more bandwidth. Under the ocean its at risk. Russia dangerously close to those cables undersea. You didnt even get to read your first story but youre rolling. Youre doing it. Youre with us. Youre fine. Not my first rodeo. Thats what you like to say. Yeah. All right. The markets will also have some data to deal with this morning. September durable goods will be released at 8 30 a. M. Thats eastern time. Economists are expecting a decline of 1. 2 and of course the countdown to the fed decision, the central bank kicking off its twoday meeting today and the decision is expected at 2 00 p. M. Eastern time tomorrow with no News Conference and of course economists now are increasingly saying that it will not happen this month. It will not happen this year. Maybe theres a chance that its december but with no News Conference can you really make a once in a decade decision and then not answer . No. But you could have an impromtu News Conference. We had a guest on a couple of weeks agatha talked about this. There was a report too that the fed was meeting to discuss. A mechanism with which they could just do it. Well see. Expectations are low though and of course steve will bring us the results of the cnbc fed survey at 8 00 a. M. Eastern time. Well get a snapshot of exactly when economists are now expecting a rate hike. But elsewhere in washington hold on. Not moving on yet not yet. But dupont. I want to mention it. Its just, you look at the absolute numbers and its like anyway, managed to beat with 13 cents a share. But it was a 10 cent estimate but these numbers are well below like previous quarters and well below last year and sort of indicative of why theres been so much happening at dupont. Even the revenue number was Second Quarter it was 7. 1 billion. The first quarter, 7. 8. All that was expected this quarter was 5. 3. And they didnt even hit that. They are below 5 with the revenue number, at least the sales number, yeah, it is actually just a little bit sales was 4. 87 and the revenue number 4. 97 billion. Some pretty Strong Language from the interim chairman and ceo. Our priority is to aggressively manage what is within our control, of course costs, capital structure, the like. The cfo is also making comments, were not pleased with our results for the quarter. For the year, the negative currency impact of 72 cents a share which is significant on the full year 277 is what youre going to be expected to earn so thats a large percentage. Impacted by market weakness in agriculture and emerging markets and oil and gas and dupont i think unlike other chemicals they benefit from lower feed stock when the oil goes down. Theyre commodity based. It hurts when oil prices are lower. But we need to spell this out. If youre an investor youre playing the break up guy because ed breen thats what he does. He has a nice little scalple. When this happened recently wasnt that after lowering guidance again. Yes. But the company saw the writing on the wall at least for this quarter. Okay. So 275 is what the company now sees for the year and the street is already at 277. So its already come down but thats versus, you know, 336 in the year ago period and probably much higher numbers. I dont have them here but in 2013, im sure its down but you can see all of that movement right there has to do with, as you said thats ed breen. Thats ed breen with a scalpel. That was the nelson peltz premium baked in. It wasnt even on the own narratives of what they were doing within their own strategy. He turned out to be right again. If you read the white paper and see what he said was going to happen and then what happened its pretty remarkable. So the high 76. Is that an all time high or . We have more earnings coming up this morning. Congressional leaders reaching a budget deal with the white house just before midnight. The agreement which will cover fiscal 16 and 17 will be the last for president obama and outgoing House Speaker john boehner. The deal will now need approval on the house floor. Joe, swan song for boehner. Is he doing a favor for paul ryan right before he comes into the speakership . Would appear to. He can take some of the flak from the freedom caucus. He doesnt care now at this point, right . He can do what he wants and like a ceo. Although some of the fine print says House Republicans have not been presented with exactly how the spend increases will be offset by revenue. Is it out of the way now . Which part . Can the fed stop saying we cant go up a quarter because we dont know if were going to have a deal . Is it done . Are we okay . No Government Shutdown . Is it okay . Give them another day. Really . Something could happen . Possible. Sure. So anyway, is this true, walmart getting into the drone business. The retail giant applying to the faa for use of drones and walmart plans to use the drones for home deliveries, curb side pick up, checking inventories and data collection. The company will now be going head to head with rival amazon which also wants to use drones to fill online orders. I dont remember what the commercial was for but i saw one where the guy is waiting and the drone comes and is about 8 feet off the ground and drops his package and theres some china or something in it and you hear it shatter. The guy is having a bad day or something. Its not happening yet, is it . You can put an eye out with one of those things. Are we doing this . Were not doing this are we . First you need approval. You need approval. I know but its not imminent is it . Not here. You cut your cord first or get your packages from drone delivery. You cut your cord. Thats going to happen first. Yes. Really . So old media that will go away before one of the things they want to do is help deliver groceries from the door of the store to your car. Can you imagine, a bag of produce hovering above your car. Really with a drone toy helicopter basically. See, thats too much. I can see to your house but i can get it to my car in the little cart. Are you sure . Yeah. I wont use a cart because of the congestion. I use one of the things youll carry. If i use two, ill use do you . Do i . Press direct my friend. Not pea pod or whatever it was . What was the other one . Pea pod is the one out near you, right . I dont know. You dont know. Yeah. Press direct. Seamle seamless. Fresh direct. Comes once a week . No, theres lots of fresh directs. Theres lots of amazon prime. Its just a constant collection of boxes. The doorbell is ringing. Its just all arriving to you. You just sit and wait. Its amazing. For all your groceries, amazing. Eggs. Absolutely. Eggs come to you. Eggs come to me. When is the last time you or a misses was in a supermarket. This weekend. Why . Fairway. Did you really . Yeah. I dont know what we were get something we actually got soup. All right. There we go. Stars. Theyre just like us. See people say you shouldnt just go off but youre going to have some nuggets of really good stuff and we got soup. What kind of soup . Just a broth or a no, it was a bean soup. You really want to get into this. A recipe. No it was a long story but it was good actually. Interesting. Lets get a check on the markets this morning. Theres nothing happening more interesting than this. We did see positive price action in asia but you can see how the futures in the u. S. Are doing. S p would open down by 4 points. Dow by 20 points and the nasdaq down by 12 points. Markets had a muted start to the week following four straight weeks of gains for the dow and the s p 500. October still on track to be the best month for stocks in about four years and heres how europe is doing this morning. Germany is close to the flat line. France is negative as is the ftse. Italy managing to hold into positive territory. Were getting news this morning as well. Greece is slightly negative as well. Take a look at asia. I mentioned it a few moments ago. Shanghai was negative for much of the session but toward the end of the session went positive. Hong kong slightly positive. Japan down by about 1 . But i think the big news, yet again is in the energy market. Crude down by 1 today. Natural gas fell by 9 yesterday. Just a stunning move that took out a lot of gains across the energy complex. Brent down just about. 5 as well. Ten year notes lets take a look at where our yields are right now. Hovering just above 2 over the last year that yield is down about 10 and as for currencies, euros still hanging at about the 110 level. Yen is about 120 against the dollar. Gold finally take a quick check, 1165 for december 15. Joe. Thank you. Well get to these. Just so i understand this completely, do you order everything online . Yeah. You use your computer to order it online. Or your phone. Mobile . Yeah, you can say oh such and such. Absolutely. I even use something called prime now. This really different than it was. Occasionally you might go to a butcher though to get some meat. If you need something really quickly and you want to be able to look at it in advance. I think the fresh direct stuff for the most part is relatively good but if you really wanted to go fresh. I know you dont watch the walking dead but think about what would happen from you if there was a burst from the sun and this was shutdown for a month or so. Id be a much happier person. You cant even you are ordering your you are so dependent on all this stuff, you couldnt even eat. It would slow everything down which i would like. I dont want to burst your bubble. But its not just andrew doing this. But its going to be chaos. Its some millennials too. There will be chaos. Anyway. Its scares me. I dont think that maybe there arent zombies but crowds rushing for water and food and it scares me a lot. The day the internet goes down and people cant get their email for more than an hour its bog to be a problem. We think we have it down pat, no, we dont. The countdown to the fed decision. You have like a bomb shelter already dont you . Its the feds fault. Anyway, the decision is underway. Another one. I think they should do it every week. There should be a two day fomc meeting kicking off today as much as theyre involved with our lives. Joining us now for more on how markets are reacting and what we can expect to hear from the fed on wednesday, the deputy chief u. S. Economist at ubs and peter, the chief market analyst at the lindsey group. Peter is also a cnbc contributor. I want to start with you peter because in the journal today, there was another piece about how, you know, staying at zero causes companies to do things they wouldnt necessarily do and buy backs and doing those instead of doing what companies normally do is definitely held back economic activity. Larry sommers was on last week or the week before. I said something about the slightest negative effects for staying at zero, he told me i was engaging in flatter economics and that the demand has been so weak around the world. Thats why we needed the fed to stay where it is. Nothing that the fed has done or that the government has done has caused this. It was just weak demand. Right. Is that true . No, its the money everybody calls flat whenever you say anything they disagree with they call you a flat earther or denying now. Their models are simplistic. Low rates are good. High rates are nout. But thats not how it works. A bank wants to make 300 bases points. They pay deposit 1 and want to lend out a 4 or pay 3 and lend out at 6. It doesnt matter to them where rates are. Its the rate of return above that cost of money. So its created excess supply in a variety of things. So we have excess capacity everywhere. Were seven years into recovery and utilization is still below 30 year average. You can sats demand. We create too much access supply. Do you think thats true . Yes. A lot of americans when they think about their retirement, they dont think to themselves im get a low rate of return. I think ill invest in a country you never heard of to boost my return. Most americans want a cd or guaranteed return. We have taken all of this risk during their career. They dont want to take risk. So that cost of a risk free retirement skyrocketed and everyone has to save more money. What do we have . A bunch of baby boomers where theyre like im sort of money for retirement and now im really short because have to assume Interest Rates are going to be at zero for the next 20 years because the economy is so bad after adding so many millions of jobs. You could make the connection between you could do the math on what savers would have earned even if they were getting three or 4 . If you do that math and come up with that number, is it a trillion dollars . Who got that . Did Companies Get that . The buy backs . Did banks get it . Theres 10 trillion sitting in basically zero Interest Rate yieldings savings accounts. If it was getting 1 thats 100 billion into peoples pockets in one year. Where is it going . Banks and low Interest Rates to companies. Everyone is in a hoarding measure because you have this fear youll never be able to retire. Fear drives things. Were not in a greed environment. Were in a fear environment. Its a confidence issue and not a policy issue. Yes because smart people in washington and most people in america despite our distaste of washington tend to think that people in washington are smart people. They know what theyre doing and theyre trying their best and you have this group of people, these really smart economists telling you that things are bad. I dont know. You think people believe that . They dont believe that about washington anymore. They think these people know something that we dont. People in the markets believe the fed knows something we dont. Thats what you saw in september. I think people in the market should put aside that the fed knows something more than we do. Theyre looking at the same numbers we are and i think people that think oh the fed didnt raise rates because they see something that we dont know, i think they should at this point, now we got, you know, maybe we can put away worrying about the government shutting down at this point. Were facing another slow down whether its big corporations or the overall economy. Will they be able to raise this year now . If they didnt find reason to do it in september when they had this great opportunity to do so i dont see how theyre going to rationalize doing it tomorrow or even in december because not much is going to change. They have their checklist of things that need to happen before they raise and those boxes in their eyes are not fully check sod i dont see how they rationalize it. We think that the boxes have all been checked and why they didnt go in september, who knows. You get to the top of the diving board and you look down and it seems like a big jump and you dont want to do it and someone teases you and you run off the end of the diving board. I think they will in december. In december. December. And the economy that were in right now, should we be grumpy cat like the republicans . The president said theyre grumpy cat. They dont know what to sell now. Theyre trying to reelect a democrat. They cant say things are bad right now. We saw a slow down in job creation. Why did that happen . We started to run out of good people to hire. Really . Thats small conference of people that are out of work but we have a lot of people out of work for a long time that need some skill retraining. There needs to be effort on that front. It says 62 . Thats demographics. Unless you want your 80yearold grandmother working. But some of the people employed are working 10 hours a week and would like to work 40 and theyre not. The part time people that want full time work might be the result of policy. Hour 29 to hour 30 for most peoples paychecks. To get that extra hour of work costs a company a lot of money now so what wont companies do, give you the extra hour of work. Theres been some good work done on that that suggests that we should suggest a permanantly higher level of part time employment. Dont you wish there would come a time when all of these candidates would have to answer questions from Business Experts about the economy and hear what theyre going to do. I thought you have a debate going now. We have a debate. But theres the perfect storm of now tonight you think tow see what he did there. I would like that. We can ask them when was the last time they went to the Grocery Store and what did they buy there . He didnt make fun of you for buying the premade food. You cooked some meals. But you didnt buy the can of soup, you bought the premade soup. I want janet yellen to go into a walmart and tell people online, higher inflation would be great for you. Tell People Living paycheck to paycheck. And seniors arent experiencing any inflation. Theyre worried about low inflation. We have to go. Tomorrow. 5 00. I dont accidentally schedule something at the same time. 5 00 east coast. I thought you meant the fed meeting. Hes going to be watching this air. All three strands. Apple isnt the only tech heavyweight were tracking today. Alibaba results due out around 6 45 a. M. And twitter after the bell. Should investors expect the come backs to continue . Stick around to find out and a multibillion dollars bet on macaus gaming industry well take you inside the grand opening next. But first this date in history. Welcome back. Youre looking at a live picture. The world series between the royals and the mets starts tonight. Even if youre a yankees fan youre rooting for the mets tonight. Dreamworks animation ceo recovering from a car accident and thanking elon musk for saving his life. Recovering from surg