The mounting costs of its emission scandal. The shares are jumping as the german car maker keeps its full year guidance. And the countdown is on to the third Republican Debate. Cnbc hosts the candidates as donald trump and ben carson solidify their lead. Busy week. A lot of earnings and the cnbc Republican Debate tonight. Lets check in on futures and what theyre telling us ahead of the market open. We have been down each and every day. The implied open is telling us well see a bit of recovery today. Were up some six points for the s p. Dow jones industrial is higher by 38. 5 points and nasdaq in advance of 16 points or so. Lets have a look at european markets. Also positive as you can see to the tune of about three quarter of a percent for most of continental europe. We have france just below that. Germany at 0. 7 of gains and ftse 100 at 0. 3 . Its partly a little bit of a bounce back from a soft start to the week and also Consumer Confidence data out earlier today. Apple beat the street with earnings per share of 1. 9. Shares struggle to find direction in extended trade as ceo tim cook said there was no signs of a slow down in one of its biggest markets, china. But overall iphone and ipad sales came in just below expectations. Now the other tech giant reporting was twitter and it had a tougher time in after hours trade. The stock sank 12 as the monthly active users grew by 3 million. Like guidance weighed on the after hours share performance. Julia has more. Twitter shares plummeting after hours on guidance for the Fourth Quarter that disappointed wall street analyst expectations. The companies monthly active user growth also fell a bit short of projections. The company reporting 320 million users and that includes sms users who used the service solely via text. That 320 million number is just 4 million more than the prior quarter. Twitter reporting earnings of 10 cents per share. Thats twice what wall street expected while revenue grew 58 to 569 million ceo saying the focus shouldnt be on the companys core user base but also on the half a billion additional people that see tweets without ever logging in. He also said hes working to improve the product and grow its user base. Our focus is on three things. A more disciplined execution. Simplifying our services, and better communicating our value. We have made meaningful progress across all three. Twitter now has over 100,000 advertisers saying the company identified small and media sized businesses for other potential advertisers and noted that video views have been exploding on twitter and offers strong return for investment on marketers with more potential growth ahead. Twitter still not making money. Losing 100 million. I would imagine that apple stood out to you. It was impressive earnings. Theyre showing that they can continue to grow their business. How impressive was china . Doubling their sales . China is seriously impre impressive. Its rare to have real success in china and apples continuing performance there shows the strength of its brand. When we think about iphone shares Going Forward they are reaching saturation levels in terms of smartphone markets more generally so what is priced in for 2016 and 2017. So rather quarter by quarter can they beat again is the stock pricing in the current run rate to continue or is it expecting it to fall . Its not pricing in huge growth beyond that but it is on a continuation of the performance. Thats the big question. Can they sustain this wonderful business they have of hardware subscription where people slavishly go out and buy every 18 to 24 months they buy the next model of phone . Phones are two third of apples business and can they continue that is a big question. Were in an s year for the iphone. Does that tend to be a goodyear for the stock price or a bad year . Tends to be a bad year i think. Results are disappointing and i felt that marketing over the last few months has been defensive on that that comes across the wrong way to me. The Advertising Campaign is everything is different really. Its just worrying from am. So lets talk about the mother of all comps. Thats what tim cook said in an interview with the wall street journal, you know, were going into the final quarter of the year and thats when you have the christmas sales. They sold 75 million iphones. But this year forecast growth is about 3 year on year for the upcoming quarter so theyre trying to manage expectations and they should manage expectations so yeah thats not going to be an exceptional quarter for them. Theyll probably beat that. Thats what they always do. They always beat. Is it the analysts fault for setting the bar too low. We know how conservative they are for their guidance. They continue to surprise. Lets touch on the content area rather than the hardware. Apple music has been going now for a good few months. Also apple tv coming out and content, potential plays there. Is that what were going to see from apple in two or three years time to come . Is it going to be more subscription based than hardware based . I struggle with am as a content business. Its a success on content despite itself and not because of itself. The way the ecosystem works we have this wonderful hardware and lets do whatever we can to support that hardware in a closed ecosystem. The app store has been a good success. I personally struggle with whether music will survive. Its hard to do that if its not your core focus as google has shown and music as an after thought is tough. And tv i see more as a hardware play longterm. It will be the model of hardware supported by an ecosystem. We have to wrap that up but are you a buyer or seller of apple. Id be a buyer of am. Theres innovation to come. Everything theyre doing around tv and new hardware, theyll continue to surprise us. Thank you. Much appreciated. Were going to focus on banking. Jes staley is the new chief executive of barclays. His appointment marks a you turn taking it back after retail banker anthony ben kins was ousted for the top job. He has a pay package which equates to 4. 6 Million Pounds this year plus a potential 2. 4 Million Pound bonus. He is certainly not short of Banking Experience having spent 30 years at jp morgan where he climbed to the top of the Investment Bank and seen as a possible successor at jpm but he moved to Blue Mountain capital in 2013 founded by former jpm colleagues. So lets talk through this news this morning. Carolyn joins us and here we have another american Investment Banker at the helm of barclays. Absolutely. Everyone has been talking about this big uturn. Im more skeptical about that. They do have huge Investment Banking operations but im not sure that under jes staley were going to see a huge wrapping up of the operation but instead to make those Investment Banking operations that the bank has to make them more profitable. What were see snoing now is th return on equity. So theyre really struggling when compared to some of the u. S. Rivals and they of course want to compete with them on a quarterly basis. Of course well get quarterly numbers tomorrow and they wont look all that pretty. A little bit better in terms of equities but overall a really tough environment. And staley was rumored to take this position. Its confirmed today. What are the other details new today . He has written a memo. He sent out a memo to his employees and we have a couple of statements for you. He says we will complete the necessary transformation and the repositioning of the Investment Bank to a less capital intensive model. So once again the Investment Bank doesnt mean its going to be ramped up in terms of capital usage. They need to make it more profitable. Also they say core to our objective is having a relationship with regulators that is one of collaboration and he also says he wants to complete the culture transformation of the group. So his work is really cut out for him. And shrinkage of Investment Banks. Thats the trend weve seen across a lot of the major banks. Exactly. But they want to be one of the major Investment Banks of europe so i guess theyre vying for that title. You have to wonder how big can a european Investment Bank be given that they are competing with the strength of the u. S. Investment banks and environment is still tough in europe. Well look forward to you in germany over the next couple of days. In less than 30 minutes well speak to the man that says that hes wrong for the top job. You want to join us when we speak to the conservative mp of the treasury select committee. Volkswagen reported a Third Quarter loss of 3. 4 billion euros. The scandal hit Company Provision 6. 7 billion euros for the diesel emissions scandal in the Third Quarter. Mainly to Cover Service measures. However they kept full year guidance saying deliveries would match last year. Nancy joins us around the set with more and the share price up 3. 5 despite this loss. Thats right. Investors like what they see because the operating loss still came in line with forecasts and really key there was keeping the guidance for deliveries for the full year as they expect to be on par with the Record Number we saw last year with about 10. 14 million units. Thats good news. Other things to keep in mind. I just got off the phone and he said investors like the cash position and the Company Still managing to generate a lot of cash and liquidity looks good as well. The volumargins are strong ther. Audi was weaker than usual. Came in around the 8 mark. That has a lot to do with shifting specifically. Overall this is good news for Equity Investors and bond holders as well and the new ceo has been on the job for four or five weeks now since the scandal broke and the fact that they had the time to evaluate what the costs will be involved with the actual recall of 8. 1 million vehicles in europe and 500,000 in the u. S. And still only increase by about 200 million so this is seen as very good news but still a lot of questions to be answered on that investor call were expecting at 11 30 local time. Its about 6. 7 Million Euros so were seeing a slight up tick there. Thats tied to the recall themselves. It wont take into account the litigation charges. Seems an optimistic number on the surface. Bullish. Well see once they get a better idea. The green bottle in the green. Shares of heineken trading higher after strong sales in the americas and europe drove revenue and beer volume growth in the Third Quarter. Revenues jumped some 8 in the Third Quarter ahead of analyst estimates and maintained Revenue Growth forecasts as well. Stat oil managed to reduce costs and narrow its losses in the Third Quarter but missed analyst expectations. The oil giant is cutting its 2015 Capital Expenditure by further 1 billion as it continues to battle with the Lower Oil Price but speaking first on cnbc the statoil ceo said investors dont need to worry about the companies dividend. Our dividend policy remains very firm. Its something were very much committed to. Royal dutch shell will halt production of its 80,000 barrel a day project in canada. This is because of the lack of infrastructure to move the crude to market. The ceo added that shell is having to manage cost due to low oil prices forcing the company to make tough decisions. Shares of shell if we can bring them up, trading up some. 5 . Still to come on worldwide exchange, as the gop president ial front runners prepare to square off in tonights cnbc debate well go out to bolder colorado to see who may have the upper hand after this short break. Ive read all of your lyrics. Youve read all of my lyrics . I can read 800 million pages per second. Thats fast. My Analysis Shows your major themes are that time passes. And love fades. That sounds about right. I have never known love. Maybe we should write a song together. I can sing. You can sing . Do be bop. Be bop do. Do be do be do. Do do do be do. Twitter shares are slumping on disappointing revenue guidance. Barclays appoints jes staley as the new ceo. Walgreens buying up rite aid in a 17 billion cash deal. The third republican primary debate gets underway tonight on cnbc when the top candidates faceoff at the university of colorado. Multiple polls have ben carson currently leading among likely Iowa Republican voters. The latest poll showed the retired neurologist has seized a four point lead on donald trump. 26 to 22 while no other candidates are even polling in double digits. Not even the likes of marco rubio or jeb bush who remain the favorite in terms of the betting market. Now we have more from colorado. Were hours away from the big republican president ial primary debate here at the university of colorado in bolder, colorado. The big problem facing all ten of these republican candidates who are going to be on the big stage tonight before a National Audience is just how unhappy American Voters are with the choices they have for president. This is a problem for Democratic Candidates and republican candidates alike. This is the first time we have seen the numbers so upside down. Voters unsatisfied with each candidate more than theyre satisfied with that candidate. Thats the flip side of what every winning president ial candidate has had since 1996. Take a look at the numbers and you get a sense of how it works. Bernie sanders, 43 . Those who are pessimistic or uncertain, 50 . He is underwater by 7 points. Ben carson, a similar picture. Optimistic and satisfied 42 . Uncertain and pessimistic 50 . Hillary clinton 43 to 56 . She is much deeper under water at 13 . Its the same picture for all of the other candidates in this race. Thats a sign of voter frustration here. What is that driving . Driving the rise of these outcider candidates on the republican side. Donald trump and retired neurosurgeon ben carson just within the past 24 hours or so. Weve seen a new poll out from New York Times and cbs which puts ben carson in the national lead. Ben carson 26. Donald trump 22 . Thats within the particular poll. Its the first time weve seen him start to slide out of the number one position in months and that may indicate, just one data point but may indicate that were starting to see the horse race shift here going into the cnbc debate. All is to play for here as they say in soccer tonight at the debate and well be watching to see how this all plays out. Im looking forward to it. Should be great. Were going to go to break here on the program. Well head to china after this and volkswagen ceo will be briefing Angela Merkel during the german delicates trip to china. Well get a view from beijing. That comes your way next. Weve got trouble in tummy town. Peptocopter when cold cuts give your belly thunder, pink relief is the first responder, so you can be a business boy wonder fix stomach trouble fast with pepto. Sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Welcome back. The move in bonds was much more pronounced and has been maintained. You can see the german ten year bond yield 0. 45 . So significant yield compression there. The likes of the italian bond market also seeing similar moves 1. 43 and the shorter end of the curve really highlights it. Negative yields on the two year bund yield minus 0. 338 . Such a busy day. We also have a fed decision as well after their two day policy meeting later on today and in china, Angela Merkel is beginning a trip to china in a visit visit expected to focus on trade. People shouldnt forget germany is chinas largest trading partner in the u. Thats right. This is going to be her 8th time to china. She will be here tonight and be here on a two day visit where she will be leading with chinese leaders and promoting business. Shell be traveling with a high profile delegation including the ceo of vw expected to brief her on the emissions scandal. Also she is going to be traveling with organizations expected to make announcements here as well. Whats interesting is that the trip has been described as an emergency visit unlike say some of the visits from high level u. K. Officials and one of the reasons why is because of all the problems of vw as well as the general slow down that were seeing among cars, especially with with german cars after this whole scandal had hit vw. Eunice, what status is it getting on the ground in china relative to the uk and u. S. Visits in recent months . Its getting a lot of attention but not at the same level that we saw when the chinese president was visiting the u. K. And theres definitely a sense that theres a competition going on among the eu nations for Chinese Investment and money for the uk. They were able to clench several tens of pbillions of dollars worth of deals. But this german visit isnt expected to result in the same size or scale of deals but certainly many people here are hoping that its going to result in some German Technology helping to revive some of the older factories here since hightech is such a specialty of the germans. Eunice, thank you very much for that. Now, do you want to learn about chinas economy . How about a sing song . They released a catchy propaganda song that explains beijings five year plan. [ male announcer ] whether it takes 200,000 parts, 800,000 hours of supercomputing time, 3 million lines of code, 40,000 s