Quarter guidance. And default averted. The Senate Passes the budget bill to boost spending levels for the next two years. We had a major indices falling for a second straight session taking a look at the implied open. The fair value is telling us well be higher by 7 points. The Dow Jones Industrials looking at gains of 57. The nasdaq seeing an advance of 17 points and thats above fair value right now. Lets show you the month that its been in october as we head into halloween tonight. Actually tomorrow depending on when you party. But youll be partying both days. Just friday night for me. Doing it a day early. Okay. So the month of october has been very good for stocks. Were on track for the best month weve seen since 2011. Were looking at gains of 8 for the month. Now as for the Dow Jones Industrials if you can flip the board i want to show you the advance as well. Also very good month in october. Were looking at five straight weeks of gains mind you and this is a pretty good long winning streak for wall street markets. Also the nasdaq which has seen the most stellar amount of gains in october. The nasdaq is up some 9 . Close to 10 . And this comes off the back of a very very poor Third Quarter so a large amount of this months performance is about aspect. Lets look to europe to see if the same is true. Its largely true for Continental Europe and the ftse 100 but not to quite such a pronounced fashion as you can see up 5. 5 . Still a good performance. If we turn to germany its better than the u. S. Indices, up 12. 2 because it had a strong rally for the first half of the month but it was boosted nicely toward the end of the month by that dovish tone over a week ago. Thats the leg up you can see there toward the end of the month. Turning in 12. 2 for germany but this comes off a particularly poor Third Quarter and in september the dax was weighed by the autos in the face of the volkswagen scandal. Now lets also look at oil because of all the risk assets its the weakest performer for a month as a whole ending in positive territory. But oil, unlike global indices for equities didnt manage to hold on to those gains and as we know oil has slipped during the second half of the month so finishing brent about 48. 5 basically speaking flat for the month. We got headlines coming through involving valiant. The stock was punished because of the relationship with the Specialty Pharmaceutical Company called philidor. A lot of pharmacies have been ending their relationship with them as well. Valeant decided to terminate the relationship with philidor. They said it will be taking place. They will shutdown operations as soon as possible which is consistent with the applicati s applications. We had a lot of controversy. This was involved in a Citron Research report and valeant is going along with the rest of the Big Pharmaceuticals and ending their relationship. They also took up an option to buy a stake in this specialty pharmaceutical. Okay. Lets turn now to our guest as we are coming off and heading into the best month installed 2011. And its good to see you today. Thank you very much. As i mention, wall street is on track for their 5th positive weak. Best month since 2011. Same thing also, pretty strong month in european markets. What does it say to you about the stake of Global Markets . What it says to us is that as always you have a shock in the markets and a sell off this time around. The sell off is larger and particularly theyre extremely exposed and overexposed. I would say were basically back on track for global growth. So as a strategist, one would hope for a stable year. As an investor its not been very pleasant but europe we like up 12 or 13 and we think that if u. S. Can keep stable european equities and european high yield is interesting from here. Theres probably another leg left in this Business Cycle and market cycle. How much does that view that overweight view on europe rest on the very shortterm news that we got out of the ecb . That theres potential for more easing. Without the extra easing would you be less positive on europe . If we didnt expect any extra easing we would be positive. Now maybe we get a little bit less in december but in general we think the Central Banks are poised to do more. Now the fed has even taken the danger out of hiking. So we think were quite okay. But well, you say that but then, you know, the market was disappointed that the boj didnt move today. That was in the negative surprise. So we had luckily ecb is bigger and more important. We have a smaller in Japanese Equities as well. It was a little bit of a disappointment in our house. Importantly the progress in japan is there. Ecb to this point too as well. Maybe they wont be expanding their stimulus program. Well, i think draghi is in the first quarter. And just very quickly, so youre risk on at the moment and a favor toward europe. High yield you mentioned. Do you prefer high yield bonds to equities . No, we have both high yield bonds and equities. We prefer europe over u. S. But we think if you really follow our call, european equities and high yield. If you think the equities are too spicy high yield is less risky. Thank you for joining us today. A pleasure to have you with us. Head of global Asset Allocation at ubs. Lets talk about the surprise and the bank of japan slashing their inflation forecast for the next two years pushing back the date of when its going to hit its 2 inflation target and maybe back out to 2016. Maybe even 2017. Now earlier on the bank of japan kept its Purchase Program consistent at around 80 trillion yen a year we had a call that maybe they were going to expand this program. Theyre saying the qe transmission mechanism is working as we expected. Even though they pushed back to 2 . But theyre looking at the Household Income and spending. Industrial production. It means were not going to see them at least. So thats the silver lining. And if we rewind a month and were looking ahead to this meeting this week the one i would have thought was more likely to be most dovish was the boj but mario draghi is the one that stepped up to the plate and committed to his Quantitative Easing Program much more stro strongly. We have an expansion from the boj. The first half of 2017 cycle. Indeed. We didnt get that clear tone today. Still to come here on worldwide exchange, what gives you the creeps . Evil clowns, ghosts . Or the economy . Just hours until the spookiest night of the year. How the holiday has become about much more than just kids and candy. Eerie, cooky, super spooky. Halloween has been a big day on the calendar for kids but in recent years the young at heart have been getting in on the act making the lead up to october 31st part of the growing scare conomy. Halloween horror night where people pay 15 to get scared out of their witts. Every year we get bigger and bigger. The holiday itself keeps getting bigger and bigger. Now worth billions worldwide. In the u. S. Alone total Halloween Spending is expected to reach nearly 7 billion this year according to the National Retail federation. Much of that cash covers costumes. People in singapore also have no problem about splashing out to dress up. I dont mind any cost. Probably 100 or 2. Not too much. Maybe 100. 200 i guess. But costumes are only part of the fun which is why more and more people have been flocking to halloween horror night. The local and the regional guests love to come and pay and get scared and spend the night and do everything that you would think you wouldnt want to do but they love getting scared. Were three times bigger than the first year and we want to keep giving them more and more new things to scare them and excite them and keep them coming back for more. With three scare zones, four haunted houses and nearly 400 scare actors, theres something for everyone. I get really scared quite easily so i always love being scared and here is the best place to be scared. 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. Want bladder leak underwear that try always discreet underwear and move, groove, wiggle, giggle, swerve, curve. Lift, shift, ride, glide, hit your stride. Only always discreet underwear has soft dual leak guard barriers to help stop leaks where they happen most and a discreet fit that hugs your curves, you barely feel it. Always discreet underwear so bladder leaks can feel like no big deal. Because hey, pee happens. Get your free pair and valuable coupons at always discreet. Com welcome back. Lets remind you of the headlines. U. S. Future point to higher open on track for their best month since october 2011. The u. S. Senate passes a two year budget ban and debt limit extension averting a government default and grande profits, starbucks shares lower on disappointing Profit Guidance for the holidays. Were going to dive a little deeper into starbucks results and they have reported earnings of 43 cents a piece which was in line with estimates but guidance was light and shares dropped in after hours. Revenue rose to 4. 9 billion which was up from 4. 1 billion in the comparable period about a year ago. Be sure to catch cnbcs interview with with the coffee chain. Linkedin delivering another outstanding performance in the Third Quarter lifting its stock by almost 12 in extended trade. The professional networking site with adjusted earnings of 78 cents a share versus estimates of 46 cents a share. Thats called crushing it. Later tonight, julia will have an interview with the ceo. Bnp is posting higher after a 14. 5 jump in net income on the Third Quarter on strength in its corporate and Institutional Banking unit. Shares are up 3. 1 . Nancy has more for us from paris. Nancy. Hi, wilfred. Thats right. For net income and revenue for the entire group they did beat on forecasts coming roughly in line on revenue if you look at the analyst forecasts but investors like what they see here. Its two straight second quarters that the bank has managed to come above forecast. The other good bit of news is them saying they also increase both their capital and leverage ratios. The core tier 1 ratio is going up to 10. 7 basis points but that does lag in comparison to european rivals. We have been seeing them scrambling to try to boost the capital ratios trying to get ahead of future regulations but for the moment they simply want to remain agile. If we look at the revenue break down it does fair across the board but it did fair differently if you look at the domestic market. Theres still bait of weakness there. Particularly in france. Revenues off about 3 . Thats due to the on going low Interest Rate environment we have been seeing. But when you look at the corporate Institutional Banking site there was resilience despite the low Interest Rates. Fixed income trading came in flat with a good performance compared to the u. S. Rivals we have been seeing but theyre in the process of a broad restructuring for the corporate units. I had a chance to speak to the banks ceo and asked what the restructuring would look like and whether or not reducing costs would have job cuts there. Its harsh and we adapted it in 2012. That earned us the right to be the market share. We are at 9. 6 and its basically across divisions. So as you can see, quarter after quarter its coming in with good results. We want to accelerate this and earlier this year we announced that we did some changes regrouping all the Global Markets. Bringing them within the cib and our people are working from the bottom up. So its a little bit worried. Very happy. But i think thats going to be probably early next year that we will be able to do so. Do you think yob cuts will be part of that. We put things together. Were looking at how we can accelerate it. Be very happy to team up next year. There you have it. The cfo saying more details will come on that restructuring for the cib unit by early next year. Job cuts not off the table though we didnt get confirmation at this stage. But the overall takeaway here is recovery in europe is helping to lift every division. Well have to see whether or not this story holds true for the other bank set to report at the end of next week. For more on the story head to our website for analysis of the earnings and outlook from here. Thats on cnbc. Com. Were going to take a quick break. Were back in two minutes. I say we go all in on the internet of things. What were recommending as your consultants. The new consultants are here. Its not just big data, its bigger data. Were beta testing the new wearable interface. Xerox believes finding the right solution shouldnt be so much work. 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The bill moves to president obama for signing into law before a november 3rd deadline and once approved the bill will increase military and domestic spending by 80 billion and take both the debt ceiling and budget off the table until after the 2016 elections. Nbc newss tracie potts has the latest from d. C. Good morning to you, tracy. Hi, good morning. It happened just a few hours ago actually. Early this morning lawmakers working overtime. Even coming off the campaign trail. Ted cruz and marco rubio were both here. Cruz spoke for awhile. He spoke against it for a long time. He called it a disaster. We caught up with him as he was leaving the capital earlier this morning saying that this gives almost unlimited Spending Authority when we need to be scaling down spending. But its a done deal here on capitol hill. It is headed to the president s desk. He will certainly sign it. This takes it off the table until after the election but it does not end the budget controversy because this is sort of the frame work, the big idea of how washington is going to spend money. Specifically what gets spent from what department, those are the appropriation bills. 12 of them and they use the cash before the end of the year. So that has still got to happen and with new Republican Leadership here and with the significant number of republicans for or against this, we can still see some opposition. Speaking of new Republican Leadership also in the house as well we have a new House Speaker with paul ryan accepting the gavel. Paul ryan said he would support the budget deal. He is calling for republicans to wipe the slate clean and move on in a bipartisan way. He is conservative but also trying to be a consensus builder. This budget deal is something john boehner didnt want to just drop in his lap so they wanted to get it done at the last minute before ryan took over. Tracy, thank you for that. Joining us there from washington. Yeah. I was getting too excited, wasnt i . Its a friday. Tom brady, by the way, passed for 356 yards last night. Four touchdowns as the new England Patriots rolled over miami 367. The Patriots Defense harassed the dolphins quarterback all night long. Sacking him five times intercepted two passes and forcing a safety. Patriots moved to 70 on the season. Undefeated. The 5th defending champion to reach that mark after they won the big super bowl. But the main sport this weekend susan, its not american football. Its not soccer. Its rugby. Its the Rugby World Cup final and the london eye is lit up in the colors of australia and new zealand ahead of the World Cup Final taking place tomorrow at twickenham stadium. Its the first final in history after only