Our road map begins with another setback for chipotle. That e. Coli square worse than originally thought. And elon musks spacex makes history overnight. And an allstar team on selfdriving cars. How ford and google could be getting into business together. First up the final report card for Third Quarter gdp showing 2 growth. That data coming the morning after the major indices snap twoday losing streaks. Oil prices trying to rise from multiyear lows. We are starting to think about what 2016 will bring for some of these asset classes, jim. Yeah. Ive been noodling over this, going back and forth about what the analogy here. I feel this portion of Industrial America that is oil, natural gas, steel, iron, anything that we make, copper, anything that we produce, its almost like theyre folding like the dotcoms. They employed many more people. But the implosion that youre seeing theres a downgrade today of encana. One of the Great Oil Companies of our time. Theyve done everything right to be able to make this thing so they will survive. And still you find, wow. Can they . They have a huge amount of debt. Thats what the companies have in company. Something else is they had real businesses that were generating real cash flow. Come on. No. My are you like you are like the warden in shawshank . Are you obtuse . Let me just tell you heres what im saying. It is if you make a commodity, like if you were a dotcom, i dont know how you make it. Thats scary. Like u. S. Steel, do you see the tentative Labor Agreement . A lot of people get laid off. I sit here and think these are companies that all every one of them is is has got a scourge to them. Every one. Theres no one who is getting by. Maybe exxon . Maybe chevron. I would expect so. Anybody who still has access to the Capital Markets will figure out a way, one would think to your illusion to the dotcom companies. None of them had underlying profits. Granted, these guys are not profitable now. Carl, 2016. We have to have a turn. Nat gas. Nat gas is so low. Ap has a story out this morning naming the top business story for the year what would you say it is . Top business story of the year. The end of the oil boom. Ap calling it the slowdown in the china economy. There was a story today in the times. Pollution, empty buildings, too many factories. Landslides. Landslides. It is a joblike situation over. There i got the baltic freight from my friend, its still under 500. I dont think people realize. These used to be 10,000. This is the day rate to copper copper. We saw some numbers yesterday, they will be spexpanded out. Where is this stuff going . Nowhere. Which means what as we look into next year . Debt. The debt. Continued commodity collapses or do we stabilize at some i mean, at some point we stabilize. At some point things start to improve. Could it be like toll booth . Next year will be restructuring. Some people thought it would be this year. Youre so right. The china story may be the biggest, but the forgiveness people had. Will they forgive in 2016 . You cant keep going. Eventually it will catch up to them. Companies taken over by activists. Iron, 30 . You cant make money in aluminum at the price its at. You cant make money in these companies unless youre brazil. Where the government will step in. Sure. Big debate this morning about whether the smart thing do is to cut the dividend or preserve the dividend. Exactly right. Whats the answer . What would you do if you were a producer of your own. Looking at potash. Whats the deal with potash . Its gigantic. Youre talking about a yield thats 8. 9 . Can they really sustain that . Or dont they need that money for operations . As soon as you cut it, you tend to get a quick down, then you can come back as you realize they have the Balance Sheet to be able to have the wherewithal. I think exxon was always ready for this. Chevron has been fighting to keep the dividend. Exxon did not have to fight. Im looking at these companies that yield 9, 10, 11, 12. I think they should be more in preservation mode. You do . Yeah. What about shell, that enormous deal that we talked about a number of times . One of the biggest of this year that weve seen enormous deals in. So many of them. They made a mistake. Theres still question about that. Theres a vote coming up. Yesterday was the telegraph. Can they fail . Can that deal be rejected . It can be. The question is will it be . Its unclear because shell a lot of it is still in shell stock. Thats come down as well. I think the investors are shellshocked. They are. They are. I think that was a bad move. They wanted to preserve the dividend. They make this acquisition. Lets go back to rich kinder. He made two acquisitions that he will defend as being fabulous, the harold hamm, buying continental, and this natural gas. What happened with both of those, those were two bridges too far. Now, hell defend it and say listen i cut the dividend, now well play again. The only reason to own that stock for many people not for rich, because he has a huge amount. The only reason to own that stock for many people was the dividend. The distribution. Dividend because theyre a c corp. I dont know why you would want to own it otherwise . Where is the growth . Look at that chart. Ugh. I cant. I cant look. Its like i cant look. Pain, baby. I cant look. Heres another one well show you. Another food safety setback for chipotle. The cdcs investigating a new e. Coli strain linked to the restaurant chain. The new case from kansas, one from north dakota, three from oklahoma. All five patients reported eating at a chipotle a week before getting sick between november 18th and november 26th. Chipotle issued a statement saying we have indicated before that we expected we may see additional cases stemming from this. The cdc is now reporting some additional cases. You talked to steve els about this days ago. They did say Going Forward some people are saying listen, they said theres no more e. Coli. Going forward, they said they have found a way to centralize it. These are november 18th cases. The new centralized way of food safety will be terrific. Im not saying buy the stock. The quarter is horrible. You will go back. I already have. I did a twitter poll yesterday. I got about 1,000 responses. Percentage of people who said they would go back, 56 . Thats not particularly high. Nobody is forcing you go to chipotle. You may want to . Why wouldnt you wait . Even in my family. My son was going go yesterday with a buddy. My wife said, maybe you just want to go to shake shack tonight. Like qdoba or something. Why wouldnt you . Even though its just kind of like the food. My daughter went there. She took out. Im sure the chances you would get e. Coli is extraordinarily small. You can get e. Coli from any restaurant. Its out there. I know you guys think im crazy. Jim, you think im obtuse. Jpmorgan today takes it to neutral because until in their words, until you can say 100 this is done, why own it . Why go . Why go . Yeah. The taste is great. I know, but where do you want me to go, taco bell . No, i think you can have a tuna sandwich. I had tuna last night. Did you . Yeah. How did you know . Not a tuna sandwich. No, i took it out of the can, and i put a little mayo in, just mayo. And i had it. No kidding. A lot of information. No bread . No. David, i dont swim too two miles every day. I got to worry. Youre looking good. Two . Thats a warmup, man. Thats like getting loose. Do you guys think im crazy eating chipotle . I do think youre crazy . Yeah. No. But i do think the repeated reports of e. Coli will have an affect on the consumers given that its theyre not being forced to go. The stores that were closed and that were reopened do not have good numbers at all. Theres no. I felt kind of alone. Kind of alone at chipotle. Yep. Malone what i want the video of you sitting there alone eating your burrito. I want to see that. Half a burrito. Too many calories. I believe in steve els and the cfo. They have a way to make it safer. They have to go a week without them reporting this this is november 18th. I would have liked to know it earlier. I have been and will continue to go to chipotle. Thats it. Im making a stand, all right . Im making a stand. Okay. Right or wrong. Im going to chipotle. All right. My chipotle right or wrong. Were going to watch the story, obviously. Finally, Successful Mission for elon musks spacex. The companys falcon 9 rocket landed safely near Cape Canaveral after blasting fra ii from florida last night. This was spacexs first flight after an explosion after liftoff in june. After the mission jeff bezos tweeted congrats spacex on landing falcons suborbital stage. Welcome to the club. It requires more velocity. When i was growing up there was a place called nasa. Nasa. Now its been replaced by spacex. By the way, spacex, im told, when youre the smartest person on earth, you cant get a job there. The people who do Computer Engineering cant get jobs. This is the way of the future. Amazing. The guy i ordered something i ordered speakers yesterday. And they are already on their way. Ill have them today. Is that blue origin doing that for you . The amazon bezos starting to deliver packages to you . I think thats a very expensive way to do it. Think about it. Drones, okay . Spaceships. The guy is a country. Hes a country. Bezos. Yeah. He has his own country. What about musk . He has his own country. Did you see his tesla . Bezos takes the opportunity to tweet bezos in terms of amazon, i was shocked to order something the day before and it is coming. Welcome to the club, he says, on landing your rocket. I knew a kid, so smart, 4. 2, and he said sorry. This guy sent a rocket right through his roof, door. Thats a testament. Cant get a job at amazon, spacex, cant get a job at facebook, cant get a job at google wh google. What does this tell you. Why we work here . We dont have no. You can get a job at amazon, but its more like what you feature. I dont know if i can do that. That 13 miles a day of walking. We have titans. Selfdriving car. Do you think the tesla wont beat ford in the end . When we come back, a lot more speaking of things like tesla. Ford and google said to be teaming up to build Driverless Cars. Well fill you in on that. Later on well talk to the cofounder and ceo of periscope, about the future of live streaming. Talking about twitter. Another look at the premarket here. Dow with 6 1 2 trading days left, needs to make up a 3. 2 deficit for the year. Were back from post nine in a minute. Here at the Td Ameritrade trader group, they work all the time. Sup jj . Working hard . Working 24 7 on mobile trader, rated 1 trading app in the app store. It lets you trade stocks, options, futures. Even advanced orders. And it offers more charts than a lot of the other competitors do in desktop. You work so late. I guess you dont see your family very much . I see them all the time. Did you finish your derivative pricing model, honey . For all the confidence you need. Td ameritrade. You got this. Take a look at handles franklin and moose weakes, two of the globetrotters here. Theyll do a shootout from the podium, celebrating 90 iconic years. 90 years of providing smiles and sportsmanship. They kick off the world tour december 26th. I went to a game where the shamrocks gave them a run. Boston shamrocks. Yeah. You know who else who has played some hoops in his day . Tom fairly of the nyse. I thought he was a baseball player. Second baseman . A cannon for an arm. Well, there was a time when the Harlem Globetrotters were one of the actual best teams at their emergence as a team. Yeah. Wilt chamberlain. Thats right. Meadowlark lemon. Curly neal still looks incredible. He was sitting courtside at a game eventually. He looked great. Really. Yeah. At a knicks game . I was watching on television. Oh. I go to the nets, ninegame package. They paying you . Not anymore. Meantime, published reports say that ford is in talks with google to help build Driverless Cars using the internets giant technology. Both sides said to have been in talked for quite some time. Ford is expected to announce that collaboration at the Consumer Electronics show in january. Its a nonexclusive deal that fords partnership would be separate from the company, separated from any liabilities, but gaining some traction. My friends who work at google, this is it. Theyre really telling me this is what a safer car. They drive it they selfdrive it. They sit in the back, read the paper, kindle fire, whatever they read. So real, im shocked. We all have to spend some time at google and get in one of these. Remember sleeper the woody allen movie . Yeah. When i see that car, i think of him getting in that car. Im impressed by all the things alphabet is doing. I was talking last night on mad money when they split the company into two, they had the chance to do great things. Googles another country. How many years until we have these Autonomous Vehicles all over the place. Three. Three. Three. No way. Semiautonomous. Meaning the driver is in the drivers see the. Autopilot. Look, a lot of times when you fly, autopilot is better. Theyre there if you need them. Semiyouautonomous semiautonomous, three years. A lot of localities will insist someone is still in the car. Thats a good safety procedure. Every time they do a test sorry. Saw an accident the other day, the guy if he a selfdriving car would have realized a truck was coming. Every time they have a driver, they find it makes things worse. The Collision Avoidance guys freeze. This was one where there was a collision, you could see it. If they had a google car, they would have avoided the accident. The car would have taken evasive action. Nice star wars reference. It will be interesting between google, ford, tesla, apple. I know. Uber which will offer some sort of Subscription Service one day with selfdriving cars all over the planet. How is that unicorn doing . 65 billion and counting or 60 billion how is therinos. The globe trotters from the podium in a minute. Hi watson. Annabelle, your birthday is tomorrow. Im turning seven. What did you ask for . A princess. And a pony. You like things that begin with p. I like pink frosting too. Will you have a cake . Yeah. I was too sick to have one last year. The data your doctor shared shows you are healthy. Are you a doctor . No. I help doctors identify cancer treatments. I want to be a doctor someday. I can help with that too. Watson, i like you. Here we go. Mad dash for this tuesday. We have about six minutes to the opening bell. We had a series of good earnings. Darden last week was good. Carnival was good. Lets add conagra to the list. Stellar quarter. Consumer foods, double digit operating profit. Heres whats key. Favorable price mix, strong net productivity. Heres the one you will hear about, lower commodity inputs. Same thing that rob sands said to me last night for constellation, which is beer. It is starting to trickle down, david. All these things, like the ag complex that is so weak. These companies are beginning to benefit. They may surprise us next year, talking about the big Consumer Products companies that buy these things that have collapsed. They are not hedged on it. Corn has not collapsed. Thats a key input. Down. Down about 25 . For constellation what are we talking there . Wheat. Barley. Energy costs figure into it. This is important. Brewing your beer. A lot of these things are energy intensive. This is just another the flip side. We were gloomy at the beginning. I totally get that. But we also have to remember that the collapse in commodities is really good for so many of our companies that are just giant commodity takers. I look at the jobs loss. Where does a guy do who is laid off at u. S. Steel . Ak steel . What do they do . Its a problem. That should be the focus of the election. Should be. Should be. We have the opening bell coming up after this. A lot more to watch on squawk on the street. Stay with us. Announcer its time to make room for the new mattress models during sleep trains huge year end Clearance Sale. Get beautyrest, posturepedic, even tempurpedic mattress sets at low clearance prices save even more on floor samples, demonstrators, and closeout inventory plus, sameday delivery, setup and removal of your old set. Why wait for the new models . Sleep trains year end Clearance Sale is on now superior service, best selection, lowest price guaranteed your ticket to a better nights sleep youre watching cnbcs squawk on the street live from the Financial Capital of the world. The opening bell in about a minutes time. Theres tom fairly of the nyce along with the Harlem Globetrotters at the podium. Every now and then they do what they call a shootout here from the podium. Well, we did have we had durant and hardin. They hit and farley missed. Farley missed big. If i were farley, i would go into finance. I would stay away. Exactly. Meantime, just as we said earlier, 6 1 2 sexcond sessions the year. Five months since there was a record of any kind, intraday or close. Highly unusual. Its a different pat frern what people predicted. Meanwhile we had 71 days this year of 1 moves, annual average sin since remember how mild the first half of the year was, made up for that. Theres a limited number of stocks to the upside, and a lot of stocks to the down side. Theres the opening bell. And the s p at the bottom of the screen. At the big board, Harlem Globetrotters celebrating 90 years. Their world tour begins on december 26th. Theyll hit 330 games in more than 260 cities. Over at the nasdaq by the way, theres one. Did they hit . No. Here comes farley. Hes not going to hit. Farley with the aba ball. No way. No pressure or anything. Oh he got one holy cow that means well have a good year. Yeah. Is that what it means . Good year . Man. All right. This is getting rough. Man. Kobe. Farley will play for the shamrocks. I will point out that hardin and durant hit them both. One and done. Theyre paid. Then they had nothing to say. Boy, isnt that true. Yeah. They had nothing. Hardin was a nice guy. This is hard to watch. Though wow. Granted, to be fair, theyre properly not used to shooting from this elevation, if you know what i mean. A bit of a different arc. Thats true. I this is this is getting sad. You know whats interesting . Theres a stock market happening here. Exactly. I dont want to detract from the shooting. Yeah. Why dont we talk about that a bit. Yeah. The one thing to say there is something to b