Record highs for stocks, jobless claims out. Mario draghi speaking now in frankfurt. Cbs revealing terms of live treeming. Tesla reports record deliveries. Losses mount. Both stocks are in the green before the open. A lot for investors to digest this morning. The ecb keeping its benchmark Interest Rate at record lows. Ecb president draghi says the central bank expects to increase the size of its Balance Sheet toward 2012 levels. Opec cutting its Production Forecast project the it would fall by 2017. In the states, did fall. The Second Lowest level this year. Comes ahead of tomorrows key october jobs number. Between gas prices, jobs market, the market, politics, things are suddenly working in ways they werent a month ago. I had the ceo of Marathon Petroleum on. He is the best keeper of the number. Has 8,000 gas stations. What was so incredible was he said youre just not being bullish enough about what happens in this country when gasoline goes down. Maybe youre not bullish about whats happening in washington. I said europe is falling apart. This is offcamera, chattering. You come in today. The one thing that is really bad is europe. You get positive numbers from europe and you get positive chatter. That allows the positive news in this country to surface. This is this yin yang where every day europe is bad. When they throw us a bone, our numbers get reflected positively. We have mario draghi this morning in a press conference. Ecb saying officials unanimous more stimulus available if needed. Right. The joke is they go by etfs, too. And bank of japan buying everything in sight. Is he the buyer of tesla here . I heard corona say give me 50,000. We joke, but it is possible. The chatter out of europe was there isnt anything they wont buy. We are in a strange time here. Citi says the u. S. Is bursting at the seams. Even below 75, production will be robust. Look at apache this morning. The breakeven levels because of technology weve come up with are so low. These guys can keep pumping. Lets go back to hemminger. What he says. He said there isnt that much oil in the pipe and we are still importing a huge amount of oil. The confusion here is that its very clear that if the saudis dont shut down, they dont pull back, they can keep our oil prices down. Its not a conspiracy. There is a use for some of the oil. You are not going to see oil go up until you absolutely see the saudis making some deal with venezuela. People are very worried venezuela is about to fall apart because prices have come down. It has to be International Geo politics controlling the price. They have 1 increase samestore sales at marathons gas stations. Why should it be a surprise the price of oil is falling when the last two years any of us paying attention have known that production in the United States has been going like this and that weve been talking about being Energy Independent by 2015. Why is this a surprise . We hit the dipping point. You look at apache numbers this morning. Permium was dead. These places are pumping out oil like you wouldnt believe. We should have known. We thought opec would say lets not keep it. Thats the apprehension . Everybody wanted higher prices. We were wrong. We are within 50 days of christmas. Costco numbers, samestore sales, exfuel up seven. We are if a moment here where people are dining out, people are going out. I sometimes have these interviews that blow you away. Carpooling down big, suvs up big. All the things that would drive an environmentalist crazy. Gasoline will be at 2. 50, no problem. Marathon, they bought hess. You are talking about a windfall for america. Rather than be negative about the 16 states that will lose a little revenue and job growth, i come back and think costco. This is whats happened. There is still time to nail the number tomorrow. Tweet us your predictions for october nonfarm payroll. Use our handle squawk street. If you win, you will receive this cnbc 25 hat autographed by the squawk on the street gang. Some viewers said, can we get the nonautographed version . I thought that was funny. I had more interest in this number. People ask me how to do it in a long time. They are playing. People are optimistic about the number. How could they not . The numbers this morning are so positive. I come in positive today. I come in positive, not just because its our 25th gala tonight. Very proud. Ive seen most of them. Shares of tesla in the meantime rising in the premarket. The electric car maker beating the street with Third Quarter results. Company lowering its current year delivery forecast and delaying deliveries of that model x until the Third Quarter of 2015. Last night on teslas Conference Call elan insisted demands for the cars remain strong. Demand is not our issue. Production is our issue. Those are legitimate things but not demand. We have more demand than we can really address. Theres a lot of things we could call to increase that demand which we are not pulling. Stock was up 6 in the premarket. A lot of people dont think thats going to last. I love this piece of research from bank of america. Starting line is stock reaction not sustainable. Remember when you talked about earnings not sustainable . No. Stock reaction. None of us could get away with it. Only he could get away with it. Somebody asked him tone setter, first question of musk, 50,000 model deliveries in 2015. He says i dont think 50,000 will be super hard. If you look how we are exiting the year and he got more and more bullishness, production demand, 50,000 is a solid number. No one thinks that is possible. He is an emprisario. He is hal prince. The new sondheim show . Musk side story. P. T. Barnum . No. He is a man that can put on a show. This Conference Call is a tough ticket to get. Well have more on tesla in a little bit. After the break, a live interview with les moonves. Upping the ante when it comes to streaming. Maybe new records set today. Squawk on the street back in a minute. Tigers, both of you. Tigers . Dont be modest. I see how youve been investing. Setting long term goals. Diversifying. Dip you got our attention. We did . Of course. Youre type e well, i have been researching retirement strategies. Well thats what type e s do. Welcome home. Taking control of your retirement . E trade gives you the tools and resources to get it right. Are you type e . So i can reach ally bank 24 7, but there are24 7branches . Its just im a little reluctant to try new things. Whats wrong with trying new things . Feel that in your muscles . Yeah. I do. Try a new way to bank, where no branches equals great rates. Cbs shares are trading higher premarket as Third Quarter results were ahead of wall street estimates. The Company Making a number of streaming video announcements including todays launch of a live digital news channel. Joining us is president and ceo of cbs les moonves. Good to be with you. Id like to start off with advertising. Its been an interesting week hearing from discovery and negative comments and reports like yours and time warner and foxs. Is it fair to say there may be a bifurcation in the world some seeing weakness and others not and maybe it depends on programming . You know what, advertising does depend on ratings. Broadcast television, ratings are definitely up. Our ratings are across the board in every demographic starting the year. Summer was a little slow. Scatterers picked up in the Third Quarter and picking up in the fourth quarter. Network television may be doing better than basic cable at the moment. Thats interesting to note. There is always this conversation about digital and how much more it con seasonably is taking of what may be a relatively static pie. Are you seeing that . I think obviously digital is growing, its not a myth, but primarily they are taking it from print, as well as we think from niche Cable Networks as opposed to broadcasters. We have three or four shows watched by 20 Million People a week. Its a lot of hits on youtube to equal 20 Million Viewers on cbs. It certainly is. Another part of your business that is not advertising is retrends. You talk about being on track to exit 2016 with over 1 billion in retrans. You have a big deal coming up with dish. Yes, we do. We were at a dinner last night together. I am not sure we were able to wave to each other. Urgin was there. Did you talk about when with you will make peace . Charlie and i met yesterday afternoon and are attempting to make a deal. Our deal is up november 25th. I think we are making progress. Well see. They are currently, obviously, dark with some of the Time Warner Cable channels. We have said we dont want to be dark, but we want to be paid appropriately for our content. Weve proven we are not afraid to fight. We would rather not i would rather be a lover than a fighter. I know that, though you have fought. Most recently in the case of Time Warner Cable, a fight you won. Ergen doesnt care that cnn is no longer available in a lot of his households. With all due respect, cbs is not cnn. I wouldnt want to be in denver where charlie lives and not have the broncos games on three days after november 20th. I think we have a certain amount of leverage that may be cnn and Cartoon Network done have. How much comes back to the nfl time and again . The nfl clearly is very important. Its important to a lot of networks. Obviously with us having had thursday night football this year plus our terrific package on sunday, its still a very important part of our programming. This is jim. You point out four blowout games. I know. It was terrible. Its like we had the four worst games. We can produce it well, promote it well, i cant get on the field and make the game close. Talk about cbsn and what this means. How is the content going to be different from what we see on television . As of 9 00 today, it just started. Cbs just started. Cbs news is a phenomenal organization with bureaus across the world, producing a ton of content which we dont have enough air time to put it on. Since we do not have a cable news network, we have ability to put on a 24 hour news channel with anchors live, with plenty of content at not a great cost. Its a great wave for the future. Now to have this with news as well, im very excited about our future. I want to talk about cbs all access. Most of it will be available video on demand. Some markets you can get the linear live feed, as well. Arent you in danger of taking off your Cable Partners with this service . No. The idea of cbs all access is to be additive to them. We are not trying to go around our cable or satellite partners at all. There are 10 million homes that have broadband only. They dont have cable, they dont have satellite. They do want cbs content you. Go on College Campus today, there arent very Many Television sets but a lot of computers and an awful lot of ipads that will be able to get live linear feed of cbs plus video on demand content. This is additive to who we already are. We expect it to grow a lot over the next few years. I would assume it also is in some ways an experiment. You get to see what this world looks like as it evolves, dont you . No question. We have gone into ott both with entertainment and with news. Everything is changing so rapidly. A year from now ill have a different point of view of the world than i did a year ago. Whats it going to be . Any idea at this point . If i did, i would be a genius. Theres a lot to come. The world is changing extremely rapidly. Cbs is all places it needs to be and our great content is in all different places. You bought stock back over the last nine months. Able to do it at a lower price than last year. Have you been disappointed at the performance of the stock price this year after what was a great performance in 2013 . No. We had a phenomenal run. Certain people took profits off. Over the summer, there obviously was some fear about the advertising market. We are not at all worried with the earnings we announced yesterday. We are very, very confident our stock and our future. It cant go up every single year. Our eps has been up 19 quarters in a row. Thats 19 quarters. We are very confident that its a good buy and a great value right now. Right. Of course an important component of that has been your continued repurchase of stock. I expect you continue to have that be a part of the strategy to the company. Absolutely. We have plenty of dry powder. Well buy 5. 5 billion worth of stock over the short term. Rest assured there will be a lot of value to shareholders return. Something you havent done a lot of is large acquisitions. You were asked about stars. You said its an interesting asset but we feel content with what we have now. Youre not buying starz. Showtime is doing extraordinarily well. The content, they are achieving great things creatively and financially. In the premium cable space, showtime is certainly one of the gold standards along with hbo. Starz is something that is a valuable asset. But we are content with what we have. Finally, this new world we are a part of now where you can sell your content to netflix or frankly a new deal with sony. Right. Is this something that is going to end . Is this a great fruitful period of time that is going to come to an end in terms of your ability to continue to find home for content you might not have thought and getting paid well for it . David, no way. When you look at whats happened over the last few years, suddenly out of nowhere came a netflix and amazon, hulu plus, now sony. There are always going to be buyers for our content. As long as we continue to do what we are doing, theres going to be new entrants, domestically and internationally. The skys the limit for those who have the content. As always, appreciate your taking time this morning. Thank you. Thank you, david. Les moonves, ceo of cbs. Well get cramers mad dash. One more look at the premarket as we get started on this thursday morning. Squawk on the street from the nyse. Bulldog what, what mattress discounters veterans day sale ends tuesday. But mattress discounters has the Largest Selection of memory Foam Mattresses under one roof comforpedic. Icomfort. Posturepedic hybrid. And wow four years interest free financing on the entire tempurpedic cloud collection and, get a queen size serta mattress and box spring set for just 397. But hurry the veterans day sale ends tuesday. Mattress discounters woont so ally bank really has no hidden fethats right. Accounts . Its just that im worried about you know hidden things. Ok, whys that . No hidden fees, from the bank where no branches equals great rates. Its time for mad dash on this thursday. Whole foods. I thought this was the beginning of the turn. Because of instacart. The infinity card, the new wine club. Thats doing well. Remake of the stores. Theres going to be 10 of the store base will be upgraded. The cannibalization in boston is over. The mobile app is working very well. Gross margins are getting better. Talking whole foods here. This stock has been in the wilderness and this company has taken a beating. Youre telling me its over . Im telling you theyre in canaan. They made it to the land of milk and honey . You are beginning to get the warmups. Thats why its not over. I can give you a carpenters thing, its only just begun. Everyone was worried. They mentioned trader joe on the call. Trader joe comes in, they get hit a little bit, then they bounce back. The new stores, the revamp, renaming of the shows. The refresh of the stores themselves. Its the excitement again of going back to whole foods. Excitement. Walter rob was the most bullish i heard. I love this transcript. Musk whom everybody loves, when macke goes at it and rob go at it, they had been down beat. Musk is like listen, well solve the world. They were down beat in the last few years. They are back. Macke and rob are back and better than ever. Stock is looking very good today. Weve got a lot of other stocks to watch. There was no question she was the one. She reminds you every day. But your erectile dysfunctionthat could be a question of blood flow. Cialis for daily use helps you be Ready Anytime the moment is right. You can be more confident in your ability to be ready. 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A lot of earnings. Then there was the dow triple yesterday. Industrials, transports, utilities, record highs. Havent done that since 2007. Add in an s p record. Havent done that since, i think, 98. Is it not amazing for how many years did we hear people saying things will start getting good, fed will start raising rates, stocks will go down. We like earnings and revenue. Thats what we are getting. I want to interject with news on allergan. We saw a filing earlier. I said that was the filing earlier this week. Only i heard it. Thats true. Wanted to tell you on air. Allergan in its latest filing says discussions between itself and a third Party Activist have continued and may lead to knee goings. The latest updated filing from allergan in an amended 14d9 that just came out, that looked very similar to what we saw when we told you about it on monday, but the key is discussions continue and may lead to negotiations. Did say allergan is a premier franchise, would love to be a part of it. He would say that about ten companies. Theres the opening bell. A look at the s p at the top of your screen. Nevro celebrated its ipo today. At the na