Premarket. The company forming a special committee to review allegations about its business relationships. Analysts call going on now. Mixed review for yahoo first ever live stream of an nfl game. And trump speaking out in a town hall today on the today show. First up, the dow, s p, nasdaq each aiming for a fifth consecutive week of games. The s p up more than 8 this month, vaulting back into positive territory for the year. As we said, a busy week ahead. A lot of earnings including results from apple, pfizer, merck, exxon, dupont, starbucks, twitter. The twoday fed meeting, on wednesday, right here on cnbc, the republican president ial debate. Coverage at 5 00 p. M. Eastern time. As far as stocks go, jim, october remains the best month since 2011 for all the major indices. We have seen an incredible rotation out of health care, out of retail after the vf corp numbers last week. Into industrials. Into technology. The financials have held up fairly well. Not great. Not bad. Insurers have been good. Visas of the world have been good. The money sloshing from health care into the industrials and tech helped the s p. The rotations, these rolling bear markets, have been positive for the s p overall. When you go through the charts, a lot of stocks are damaged, but in the end the big cap stocks, a lot look good. Just come around. At what point do we worry more about this put me to mind of it, you guys going to the debate. The debt ceiling issue. We had the twoyear auction put off last week. Jack blue writing an editorial in usa today this morning. Is it a lot of posturing about nothing or will we get to a point where it worries the market. Well see something wednesday on the debate that may answer this. People at debate are central to this hostage take. Im looking forward to hearing the answers, if and when the question is asked. Were not so worried, boy who cried wolf. Jack lew a conciliatory man. When were not worried about it, it does happen. That is a point. His first letter was seven months ago. Now we have eight days. Whats happened in seven months . A whole lot of nothing. I cant believe were in this jam even though we have a deficit thats been cut. Its gigantic still. Its been lower than quite some time. Not talked about enough. We measure debt at a company as a multiple two its ebita. I have to tell you, i thought about this this morning coming in. I said maybe we should talk about this debt ceiling. I said not when apple is on tap. Maybe the earnings are on curing something thats bigger. Earnings so far for the quarter, 77 beating consensus. Better than the oneyear average of 74. Theyre beating by a bigger margin, 5. 2. But on revenue, 43 beating. Thats worse than the oneyear average, and theyre missing by more. Its almost as if the revenues were just deciding or are hostage to the strong dollar, but were willing to everyone is surprised at that what is going down to the bottom line is very, very good. I find when i was going through the earnings this week about what happened last week, there really were vf corp was bad, sketchers was bad, it was bad. I had them on. The vast majority im worried about retail. Retail is bad. Im wondering whether this is not amazon quarter. You see this guidance on halloween retail . Down 7 for the year . The worst since 2011. Granted federal express, fedex saying shipmentses will be way up. I bought two of the three amigo outfits, one might be too tight. Youll see some outfits next week. You start to wonder whether its being measured properly. I hope they take into account amazon. Have they caught up with the web yet . I dont think so. Theres an interesting note about macys which is below when we delivered alpha, talking about macys is getting hurt by amazon. But its apparel, accessories and footwear i think this is the quarter where you saw the Department Stores really get hurt. Because i think amazon, when you go to amazon now, you see everything that you can get on macys. I did some comparison like jim stewart did i was at macys this weekend, i said theres not anything that i havent seen on amazon. I did not feel that way about nordstrom, by the way. They had a better selection. Nordstrom has a great website. Well get first up, fresh da first ever live streamed nfl game. Julia has that news. Yahoo announcing viewer numbers for that first live streamed game yesterday morning, yahoo reporting a 15. 2 million unique viewers. Thats less than the 17. 6 million that thursday night football draws on average, but more than the monday night football average of 13. 5 million. Roughly onethird of the audience was international and this does not include digital numbers from china. This spells a win for yahoo which promises advertisers an audience of 3. 5 Million Viewers, a win for the nfl and the other leagues may also do more digital deals. We could see the nfl try to find more ways to digitally distribute the smaller games which are not tied up in big tv distribution deals. If the bills jags game had been distributed on a regional network, it would have drawn about 1 Million Viewers. The fact there were 5 Million Viewers overseas indicates theres potential to cash in on nfls global appeal with digital distribution. Back over to you. Music to Roger Goodells ears. I thought it was very exciting. One of the great things about this, you can get away with watching that game and the wife never saw it watch the whole thing on this. I said im willing to sacrifice the morning game in order to watch the 1 00 jet game. She goes i cannot believe youre not watching that game. Not at all. No im not watching it. You could watch it on this it was beautiful. Yeah, of course. Yeah, hon. Absolutely the bills came back no, no. I havent paid the bills. I have to pay the bills yahoo tells us how much people are actually watching, unlike netflix. This is the most successful thing ive seen yahoo do. A 10 00 game i was able to watch football from 10 00 not 11 30, because the last 15 minutes of that eagles game, not watchable, but it was a great joy yesterday. Yesterday was a joy for the guys. Big victory for the guys. They can do these all they want. Did you not watch it . No, i didnt watch it. The comeback . I watched the jets lose. I watched a bit of the giants. That guy gronk, takes a village to tackle him. Vetting myself ready. Focused. Im still all about baseball. Only two teams. Big rally today in queens. Is there. Big pep rally. Didnt know that. Have go back to the hometown bar. I didnt know you would be in today. Take the number 7 . What do you do there. A lot of ways to get to queens. The f train goes there. Pepsico sign . Yes. That is queens. Valeant, its looking down about 10 bucks right now. Thats the stock of vrx, after that week last week, due in no small part about the story from the firm that shorts stocks. Valeant members going over to philidor which it does not own, but it has an option to own and paid 100 million towards already owning. A lot of things that people who invest in valeant were not aware of. Here is mike pearson, the companys ceo talking about the decision behind holding the Conference Call. To protect our shareholders, after we saw the false report from citron, we coordinated with our outside Regulatory Council from cahill to make a request that the s. E. C. Investigate citron. Our counsel has met with the s. E. C. To discuss the matter. A lot of this is about engendering confidence. They put another value act partner on the board, mason morfit, also on the board of microsoft. There is a value act valueact one of their largest Share Holders principal on the board. A lot of this is about engendering confidence. Dont know if you had an opportunity to listen in. I did. They are now looking at slides, taking q a. Are they doing it . A wall street journal talking about people at philidor using different names. I thought that piece was devastating. They used spiderman . Peter parker. Peter parker. Also from queens, by the way. Not as cogent as the mets, when i saw Peter Parkers name that was a red flag. I saw aliases being used. Maybe Cahill Gordon is a tough firm, they will not check off on nothing. Valueact moved up there. Valueact put its reputation on the line. On the line. It would seem. I have to say people were unaware of the relationship and how important it is to valeant sales. Talking about it being 6. 8 of revenue, a result of what is distributed through philidor, the Specialty Pharmacy company that deals primarily in valeant drugs, dermatology. Jublia. Big drug. Yeah. They put the stuff out there. They get it to patients, they pay the copay and they take care of the insurance. Its a different way to get the drug out there. Theyll take care of getting insured. Sometimes they will. Sometimes they wont. This is a model that some pharmacies are using, its been successful in order to get doctors to prescribe those drugs. Its been a winner. But at the same time i dont hear anything yeah, im looking at the stock. Thats not fair. The citron attack, go after them, that kind of timehonored thing, you go after the shorts . The outside council asking the s. E. C. To look into andrew. Those usually end up going nowhere. Nowhere. Sometimes they dont seem to be a good sign of engendering confidence when you attack the attacker. Right. Though in that case perhaps they feel they have a case to be made. Anything inaccurate yet discovered . Was incendiary things in that report mentioning enron, smoking guns. They did put a spotlight on this relationship, frankly, jim, that a lot of people were unaware of or had not focused on. Now we have valiant explaining more about it to investor bases. They seem to be more aggressive in using this channel than do other companies. I remember during the bad old days of Bristol Meyers there were deals made to stuff there were always this was a long, long time ago. When governor christie was the u. S. Attorney for jersey. Deals that the old bristol made in order to get their product out at full price. I dont know. These are such theyre so complicated. So many wrinkles that i think i felt the same way. I didnt know they had this relationship. I always thought valeant was aggressive. This seems like an aggressive strategy. Not illegal. No not illegal. They paid 100 million. Theres a 33 million milestone payment paid, then they have the option to buy philidor for nothing. Why is that . Theyre answering some questions on it. Its legal, though unusual. I dont know it im not quite sure. The stock is not giving you a good feel of that the call is good. I think the journal piece we have to find out about peter parker what that is. Ill tell you, hes spiderman. Hes spiderman . Hes spiderman. I thought he was valeant salesperson. Who is the Green Lantern . He has to have another identity. Is the Green Lantern that was terrible movie, wasnt it . Was that seth rogen . The green goblin . Who was the enemy of spiderman . The goblin. I would like to know who that is in this narrative. Willem dafoe. When we come back, what donald trump said about carl icahn at a town hall event. And later, the battle for dominance in the cloud, its an exclusive interview with mark hurd. Look at futures. More squawk on the street from post nine in a moment. You wouldnt order szechuan without checking the spice level. It really opens the passages. Waiter. Water. So why would you invest without checking brokercheck . Check your broker with brokercheck. Donald trump speaking out in a town hall on the today show. He took questions from a Live Audience and submissions from the web. Heres part of his response to a question on how he plans to fix the economy. The fact is i have carl icahn, some of the greatest Business People in the world all lined up. They are so anxious. They dont want money. They want to help us with our trade deals. Were losing 400 billion a year with china. Trade is something well talk more about. Especially later in the week. Look, i think trade should be a total hot button when we go out to the debate because were you see these layoffs going on in manufacturing america. Very good piece this morning about ge having to move its its appliance business to canada. That was that is not necessarily trade related, not a deal. But i think some people regarded that because of whats going on in congress, they will hold a vote. Yes, bring that back if they can. I think were seeing lots of layoffs in Corporate America again. Its kind of surprising. Out of nowhere. I know the fed has a meeting. But the layoffs seem uniquely related to trade. Do we know if that 4 billion number is accurate . I dont want to give away too much, but that number did not reveal itself in the work that im doing with our Research Department. Yeah. Our Research Department can i just praise the people involved in this debate. I put that i asked point blank what is that number . Its not an easy number to find. Also dont forget, you come back and you get cheaper goods, so its really. How do you define what number is . The work theyve done for me this weekend. I dont want to take credit. It would look like all i did was work. All people did was work on these questions. A lot of people worked hard on this. Youll hear more from donald trump and the other gop candidates wednesday night during our cnbc debate. Coverage begins at 5 00 p. M. Een time. When we come back, cramers mad dash, countdown to the opening bell. We havent got tten to some of e mma. Were back in a minute. 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I boost a costume from the actual distributor, but then at amazon much more cheaply. I bought a different size. Itspolyester. You have to be careful. Duke energy buying piedmont energy. Why is this important . Natural gas company. Duke has a lot of coalbased properties. If you look at duke on the map, duke is all over the place. It is the largest. This was smart. Natural gas is just incredible. There was a find in the last month in the ute utica. Anything you can do to fill in using gas, not coal. Coal is getting underpriced by natural gas. Pep boys got acquired. Like bridgestone, that was supposed to get acquired. You surprised at the 60 price . Very surprised. A lot of utilities, its like 10 premium. This is a 40 premium. Its all cash. Duke clearly wants to be more natural gas oriented. If you go to dukes remember site, they have done a lot of stuff to make coal clean. One sub texts here is coal has not been made clean. Everything has failed. Every single coal gasification, coal bed fluidization, everything has failed and been costly. Coal and nuclear, theyre boost disasters. Not happyhappy. Nuclear because of the costs. Because of the costs. Its a great source of fuel, but you cant build them. Coal is a nonstarter. Duke will be much less coal for what duke is doing. Thats positive for duke. Large deal. 1. 8 billion in debt comes along. If you look at the united states, duke is right here and right here. Thats bad. Cant look like a pig. Got it. We have a lot of things we havent gotten to yet. Really . Maybe youll do more drawings. Im a clever drawer. We have the opening bell in about five minutes. Stay with us. Ly a hug. This toy is a reminder that someone cares. These are a chance to be part of a team. And this is the chance to succeed. Female announcer with your support, everyone at sleep train proudly dedicates their time, hearts, and resources to giving local foster children one important thing hope. Hope. Hope. Not everyone can be a foster parent. But anyone can help a foster child. Sleep train your ticket to a better nights sleep hand apparently, they also lovee stickers. Ng. Whats up with these things, victor . We decided to give ourselves stickers for each feature we release. We read about 10,000 suggestions a week to create features that as traders wed want to use, like social signals, a tool that uses social media to help with research. 10,000 suggestions. Who reads all those . He does. For all the confidence you need. Td ameritrade. You got this. Youre watching cnbcs squawk on the street live from the Financial Capital of the world. Well close out the month of october this week and the earnings parade includes names like alibaba, merck, pfizer, twitter, gopro, and comcast. Simplifying the stock situation. David, you follow comcast closely. It seems like this is done just to make it so its more simple to see the shareholders . The discount . That is the reason that is most apparent. There are other reasons . Thats not clear to me. Theres a class b that doesnt trade, thats where the Roberts Family gets their voting not control, hard control, but 33 1 2 percent control. I think broadband is the genesis there. Going over the at t call and visiting a store yesterday, at t is being aggressive with directv. Almost as if that this is their way to get in, take business from everyone else. Directv i have the ticket, football ticket. But the at t turned itself into a directv store. I think thats an important initiative. The at t quarter was very good. I liked that quarter. Well give it more time. We said at the time analysts it was hard to understand exactly how they were reporting everything. If you go to their stores, you will be shocked to see it, they are tv stores with at t. Overnight. On a day when microsoft is opening their first store in fifth avenue. Yes. Big day in new york city. Well look at that later on. Heres the opening bell. The s p at the bottom of your screen. At the big board today, Goldman Sachs. Celebrating the launch of the Goldman Sachs equity etf. At the nasdaq, teligent celebrating its listing. Goldman gets an upgrade