Of strength following the best twoweek run in nearly three years. Apple reportedly set to hold an investor call today ahead of a potential bond sale that could be priced in euros for the first time. And two big deals. Well get more details on that. But we begin november after a halloween rally which saw the dow and s p set some record closing highs each with gains of more than 2 for october. The nasdaq outperforming them up 3 and this week more earnings reports, Midterm Elections tomorrow and big october jobs report comes up on friday. Really, jim, getting through october some consider a success. Its the biggest mid month comeback for stocks since 09. You had a couple of things. You had people betting that ebola was going to become a very big issue because people felt that the late mr. Duncan was going to make it so that there were multiple infections. There were a lot of people who were shorting restaurants, retail, theme parks, airlines. Turns out that none of them had a downturn. There was a frantic scramble to cover. At the same time, i have to respect to people who talk about various qes. Japan went nuts at the end. They went nuts. Was there anything theyre not buying . Are they going to there was nothing they werent buying. They were buying everything around the world and so what happens is that if you were short, you got a double whammy. I know purists will say its not fair. You know its never been fair. Whats fair . How about when the market was truly weak, you had been worried about Eastern Europe and multinationals. I think that you cant be as worried because merkel looks like she might fold and because ukraine is speaking with russia. We had this checklist at ten points that people said on twitter you are a bear because they will never meet ebola under control and make it so earnings were good. I had a guy on last week from spirit air. I dont know if you know about ben. Planes are running 99 full. Refineries running 99 full. Auto factories running 99 full. Steel mills. Were 99 full in this country. 99 is a lot. You cannot thats serious inflation which might get the fed more concerned. With natural gas about to go to three bucks. Oil about to go to oil concern is more about deflation but everybody thinks the dollar is going higher which makes me think it wont because everybody is on that train. If youre a retailer that wants to bring in things from overseas, i wish argentina made things. You could really buy everything from there. Things would come cheap. Thank you. Colgate is sending a letter right now. Those that import and it hurts exporters. We export hopefully we export oil. We just dont export that much stuff. We export a lot of stuff. We do export a lot of stuff. Its not as one dimensional because i think that we are getting were the beneficiary of a lot of good things with the dollar. You mention no inflation. We have no inflation but for good reasons. Not if your labor because wages are stagnant. Are you a believer in the seasonality with buybacks coming back starting this month . My colleague to the left said there was a lack of confidence in deals. I come in today and i see deals that i would have told you covance is not a great company. Well talk about those deals. I guess what i was saying was that robust deal market we saw much of this year was royaled a bit but you can look at the deals as a sign that things got back online fairly quickly although neither one is a blockbuster but they are both significant. I hate took back to ebola because a lot of people felt that had nothing to do with anything. When you spoke to ceos offline, what they were saying is do you think this ebola thing can be contained . Restaurants worried about i think that we dont know that we could well see another case. I think one of the things that happened is that its no longer regarded as fatal if it happens here. I think people may be having a more rationale response to what were aware of. Did you get a flu shot . I will. Go get a flu shot because many thousands of people die from flu. They do. Of course so many people on twitter pointed out to me when i said we should be more concerned about the flu because the death rate is far higher than ebola. I can sneeze on you, i can sneeze on your keyboard. The flu is transmittable. We are talking about it again. When i dealt with a couple restaurants not on camera, it was about potential downturn of people and by the way, retail did have a downturn mid october. Now, you could say thats because it was too warm. I say its because people were afraid to go out. All right. You talked deals. Lack of confidence. It wasnt really a lack of confidence. It was where are we going to see more things that were online but might have been pushed off by that volatility we had earlier in october. This morning at least we do have a bit of a merger monday. 25 bucks a share. Did anybody notice the volume last week . I would give them a call and look through who did buying. The deal did not leak. Late the journal had something on it. The other deal is labcorp obtain ing covance. When you pay largely cash or all cas cash. On the labcorp one, some people say strategically im not sure i get it completely. Its not horizontal. Is it kind of vertical . One company that provides Laboratory Testing and services and you have another that does comprehensive Drug Development and nutritional analysis. When corning spun off in 1996, they felt that they worked together. And now quest has been the name most often heard in terms of would labcorp if they were to consolidate if the government would let them. Covance group is letter q and they did a lot of theyre doing a lot of ebola work. Reported a horrible quarter last week and a competitor that is not really a competitor that drove Charles River down. I was amazed. They said they have a cure for ebola. So what. Suddenly that issue became i asked this question to those representing the company on the pr front. This is the answer i got. In terms of strategic rationale doubles down on the lab business and adds great linkages that fits with the market is heading, personalized medicine being the case and then also say labcorp has data on 75 million patients and that will help covances ability to run efficient drug trials. I think shareholders if you want the answer to the sapient deal, kevin spacey. Go to the sapient website and go to a speech that kevin spacey made about second story sapient. Its brilliant about how the idea is if you go to whole foods, the new whole foods rollout, youll see screens all over the place about how the food is coming right from farm to table. Thats a sapient ad campaign. Cocacola uses a lot of sapient ads to talk about the mote that is cocacola. This is an explosive acquisition. Not for government work but for the notion that we can reach people on youtube. We can reach people on facebook. I encourage people to go listen. Kevin spacey is the greatest. Publicis was unable to complete a deal. Meantime, the journal says that apple will hold an investor call today ahead of a potential bond sale adding that the company is considering selling debt in euros for the first time. Apple reportedly scheduled to launch a smart watch in the spring later than some originally anticipated. Apples retail chief addressed employees in a video message saying were going into the holidays. Well go into Chinese New Year and then a new watch launch coming in the spring. Average yield, 1. 2. Im surprised i know theres been a lot of talk this was going to happen. This is just another apple beat going from being dont care about the stock to being were going to buy in every share. Well get cheap money. One of the few companies that looked at what the fed is doing and said other than verizon, we can just clean it up here. Its very additive. Capital allocation is interesting. Weve always talked about how they hit the bond market at a low when they sold maybe theyre hitting a low in europe. Verizon borrowed more money than any corporation in history. They missed it by a few weeks but they did okay. Raised 12 billion this year. 17 billion of course last year in what was the biggest deal ever. And we had apple pay. I know that starbucks is going head to head with their own apple pay. You like ebola and you like apple. I like things that people talk about. Things you dont like, twitter. You have turned on twitter. Fire coming out of your eyes. You know the best way to get to explain why twitter needs new management . Twitter. Its a revolt of the tweets. There may be new management that comes in. You said that. Is there another story . The turnover there is insane. The turnover seems to happen every day. Have you looked at the turnover . Who has quit in the first ten minutes of our show . New ceo, new heads of product and new heads of engineering. Everyone is allowed to be fired except the ceo. The ceo is good and everybody else needs to go. Is that the way it usually works . Stock is down 1. 5 this morning. They say it could be defining. I just think when you go on twitter, there are people who love twitter as a form of advertisement. But the management itself is curiously missing how much revenue could be brought in. Facebook is spending too much money. Google is recruiting all over the place. Twitter spending. The discipline of these companies is called into question. Im talking against myself. I dont care. The spending of these companies versus a lot of other disciplined Companies Like microsoft kind of taking advantage of the fact that no one seems to care they spend all they want. That does come back to haunt you. They have at least in the case of google and facebook they have incredible growth rates. That solves a lot of problems. I think they are hiring a lot of people. Amazon, facebook, google, twitter, are responsible for a tremendous amount of hiring and not a tremendous amount of worrying about the bottom line. I think that that is ultimately you have to do both. Its a big day meantime here in Lower Manhattan. Well explain that after the break and then later on this morning, Google Ventures president bill maris is going to join us right here on squawk alley. Another look at futures this morning. Relative steadiness as we kick off november. 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. One that helps you think differently about whats ahead, and whats possible when you get things organized. Ing u. S. Is now voya. Changing the way you think of retirement. 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. Live shot of Lower Manhattan where one world trade is open for Business Today. 13 years after the 9 11 attacks, about 175 employees will start moving into the Freedom Tower today. The 3 3. 9 billion skyscraper is the nations tallest building but it remains to be seen how much of the floor space they will be able to rent. Its been a challenge filling it. Maybe not getting anchor tenants but there needs to be more. It is a beautiful area if they could get some of the construction done i would love to visit there. Its come a long way of course over the last 12 years or 13 years. Given what they have done with the station. Its the most ever spent on a single building. The Unemployment Rate in this city is among the lowest in the country. A number of new people come in and number of companies is a Great Success story. Especially when you look at Lower Manhattan in general and whats happened on the west side. Goldman sachs headquarters. A change in industry. Goldman is down there with their headquarters. Financial services is not carrying Lower Manhattan. Most of the buildings i pass every day have been turned into apartments. Its an amazing transformation. Its kind of nuts. Downtown is being visited again is my point. And brooklyn too. You do get asked for directions a lot when you come out of the subway. Well get cramers mad dash as we countdown toward the opening bell. A very busy week about to get started in just a minute. In a world thats changing faster than ever, we believe outshining the competition tomorrow quires challenging your Business Inside and out today. At cognizant, we help forwardlooking Companies Run better and run different to give your customers every reason to keep looking for you. So if youre ready to see opportunities and see them through, we say lets get to work. 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Keep this in mind. This did have a credit card breach and nobody cared. Why did they get it so easy and target take it so hard . Home depot management is revered and previous fellow from target was not liked. Thats a great question. Like i think pr crisis manager should study how home depot handled it versus how target handled it. They were second. I feel like we still dont know all of the details about home depot. We did learn more about target. I know that is a new credit card situation for me. Apple rejects you. To your larger point at 97 bucks, this is trading high. Its really expensive. Most of the retailers are not up. I think october was walmart and another degradation of which these guys pick up. Sears, walmart, target we have to see. Target is not doing that well yet. New ceo. He hasnt had a chance to reform things. Giving away the chipping will be interesting versus amazon. Improved websites not great. Lets move onto the oil patch. You and i saw a series of ideas. Most of which have not panned out. So far not so good. National oilwell. We had this down a great deal. They offloaded services business. This is a great company. What do they make . They make rigs onshore and offshore. Theres a decline going on in the prospect of drilling. Lead story today in the wall street journal, chevron and exxon cutting back. Thats disastrous for national oilwell. There are so many orders. There are too many Drilling Companies and there will be consolidation and too many service companies. This company is the idol of everyone and it doesnt matter because oil at these levels, its not worth drilling. Is there a point at which because you like this longterm where you buy it and put it away and things will come back . If you think oil can stabilize at 80, yes. Theres still a lot of people who feel no. Natural gas is going to come down big. Rbn put out a big report this weekend talking about possibility of 2 natural gas. Were flooded with natural gas. The drilling for natural gas, be very careful. Could slow. The marginal cost for natural gas for some of these Oil Companies is zero. We are going to be largest by far. We dont have an energy policy. What we are going to have soon is opening bell. Starting november off on this third day of november. A monday. Were back after this. 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. You can bring back from a trip around the world. But you cant always bring back customer data. Because many customers dont like it when their data moves around. Can i go now . If youre going to do business globally, you need a cloud that can keep your data where it needs to be. Today, theres a new way to work and its made with ibm. Youre watching cnbc squawk on the street. The opening bell in just about 90 seconds. Election day tomorrow. Jobs number on friday. A lot of data all week long and then earnings. Tesla is going to report. Whole foods is going to report. Some companies are coal orientated. Tesla with mercedesbenz. I think these are names that captured the Retail Investor and the Retail Investor is feeling bullish but most is etf. I dont know how to read the employment number. Youre going to get a lot of chatter about how the fed is going to have to tighten sooner is what i think. Even with the kind of Inflation Numbers weve been getting . It seems so out of whack for them to tighten but if Industrial Production is above 80, theyll talk about doing something before 2016. Thats at odds with what a lot of people are saying. I wish they would sell some of the bonds. The market desperately needs them. Theyre not. We know theyre not. Theyre going to let them roll. Balance sheet stays where it is. First time in a couple years well have additional asset purchases. Well get the opening bell here a few seconds early and look at s p at the top of your screen. At the big board, maker of electronic Measurement Technology keysight and at the nasdaq, winners of the new york city marathon. What a day for the race. Here we go. We need some new twitter downgrades today. Its west coast. Thats why theres nobody dismissed yet. We are getting auto sales today and phil lebeau has gm and ford. Well start first with general motors. General motors selling a slight increase for the month of october. Its shy of the estimate which was calling for an increase of 2. 1 . One note on those gm sales for october, the Company Ended the month with 94day supply of vehicles compared with the end of september when the com