From monday morning. Good morning, im wilfred frost. We havent sat here together in a while. Its good to be back. Hillary clinton and Donald Trumps exchanges last night certainly getting personal. The candidates didnt shake hands at the beginning of the night. And then as soon as things kicked off, the candidates were asked to address the audio that surfaced on friday of donald trump making vulgar remarks. Listen. This was locker room talk. Im not proud of it. I apologized to my family and to the american people. Certainly im not proud of it. Have you ever done those things . I will tell you, no, i have not. Donald trump also went after Hillary Clinton for her email scandal. If i win, i am going to instruct my attorney general to get a special prosecutor to look into your situation. Because there has never been so many lies, so much deception, there has never been anything like it. And were going to have a special prosecutor. Its just awfully good that someone with the temperament of donald trump is not in charge of the law in our country. Because you would be in jail. Among the markets moving on the political story, of course we watched the mexican peso. No more so than me. But it has become the test of the Market Reaction to a Trump Presidency. That drop you see overnight, that is the dollar falling against the mexican peso. The mexican peso strong at the onemonth high after all the weekend news flow. Well talk a lot more about the highlights from last nights debate in a moment and some of the biggest takeaways, including some talk on the economy. Very little. A little bit of policy in there. But it was acrimonious. First, a quick market roundup of what is going on around the world in terms of trade. Futures at this hour are called higher by about 54 points for the dow. The s p by 6 or 7. The nasdaq by 14 points. It was the first negative week in four last week for the markets. We are around half a percent depending on the numbers youre looking at. The worst performer down 5 . Banks, the only positive performer. In fact, doing surprisingly well. Goldman sachs was up 5 last week responding well to the ticker in yields. Lets look at the yields. Because a clear move. We were 1. 5 on the tenyear note, about ten days ago to two weeks ago. We were above 1. 723. The banks really getting a good performance last week based out of the earnings out of this week. Caution trades in the early trade in europe. Well show you what is happening with stocks over there. Two factors weighing on stocks. You have Deutsche Bank shares down sharply 3 in europe. And also oil prices are down. That is weighing on the overall indices. We are coming off two down weeks for european stocks. So still fractional declines. Heavier losses in places like italy and spain than say germany. Well keep an eye on that. The ftse, 100 remains a strong performer on the back of yet another day of weakness for the british pound. In asia markets in hong kong and japan are closed today. China reopened after a weeklong holiday. Stocks rising by the most in two months today. The property sectors dropped at aiming cooling surging home prices. The new survey shows the chinese sector created jobs in september at the fastest place in seven months. Theres a mover overnight. The chinese currency yuan is sinking. The chinese setting it at a sixyear low against the dollar today. It did rebound a little in the session. The explanation from traders on this is we came off a weeklong period of where the markets were closed there and a period where the Dollar Strengthened the early against many other currencies including the british pound that was crushed. Well talk about that as your money getting cheaper by the day. It does, indeed. I need to travel to europe. The chinese currency decline is being attributed to the strength of the dollar. Yeah, i think people arent too concerned about the move. A week of no trading and the dollar was up over a percent. So theres some reason to play cat catchup. Oil prices are soft this morning, 49. 45. We have had a good couple weeks on opec since the algeria meeting. Another meeting going on today. Well go out to Steve Sedgwick out there talking to the bp ceo bob dudley. Theres still more stability here than the back end of last week. Nonetheless, 124. Unbelievable levels for cable when you consider where it has been recently. We are at 31year lows in and around them. Gold prices, lets have a look quickly at gold in light of recent moves in the dollar. Its up a percent today, 1264. Now to todays top story, last nights president ial debate. Our john harwood was inside the hall for the firsthand view of last nights debate joining us from st. Louis. Yes, john, we want to hear about the debate but also the crazy weekend that was in politics. Reporter well, that crazy weekend produced the debate we saw. Donald trump had a crisis weekend. The release of that tape from his time with billy bush at access hollywood had sent much of the Republican Party abandoning him over the weekend. And what donald trump did was respond in ways that reflected the deep tribal feelings between democrats and republicans in this party. Trying to arouse the fighting instinct among republicans to rally around him by targeting Hillary Clinton. And so every time Hillary Clinton pointed either to the tape or to other things that donald trump has done during the campaign that offend her supporters, he went back very hard at Hillary Clinton and bill clinton. Of course, he appeared before the debate with women who had accused bill clinton of sexual wrongdoing, Juanita Broderick and paula jones. Take a look at the debate when Hillary Clinton started out by pointing to what we can learn from donald trump from that tape and how he came back to talk about bill clinton. What we all saw and heard on friday was donald talking about women, what he thinks about women, what he does to women, and he has said that the video doesnt represent who he is. But i think its clear to anyone who heard it that it represents exactly who he is. If you look at bill clinton, far worse, mine are words, and his are action. What hes done has never been done in the history of politics in this nation so abusive to women. Reporter now we had the same thing play out on the issue, in less personal terms, on taxes. Hillary clinton making familiar democratic arguments about how she was going to raise more taxes from the wealthy to fund the programs, spending programs that she wants to implement. And donald trump trying to tell middle class voters, she says shes not going to raise your taxes, shes going to raise rich peoples taxes, but shes really coming after you. Take a look at this. We are cutting taxes for the middle class, and i will tell you, we are cutting them big league for the middle class. Im telling you, Hillary Clinton is raising taxes. You can look at me, shes raising your taxes really high. And what thats going to do is a disaster for the country. People like donald who pay zero in taxes, zero for our vets, zero for our military, zero for health and education, that is wrong. And were going to make sure that nobody, no corporation and no individual can get away without paying his fair share. Reporter now what exactly happened in that debate was that each candidate was giving the base of their party, the core supporters, a strong reason to rally behind them. The problem for donald trump is that her base is a lot bigger than his base. Weve got a new survey monkey poll out this morning showing her ahead by five nationally. Thats nbc news and survey monkey tracking poll. Up five points is a lot in president ial politics and doesnt take into account the impact of the republican defections over the weekend. So Nothing Happened last night that changed the trajectory of the race. And the trajectory of the race is one that points in the favor of Hillary Clinton. Although some are wondering, john, after last night, another sort of threat and storyline to emerge is what does mike pence do. There was discussion over syria and russia from donald trump where he seemed to disagree completely and dismiss what his running mate said in the Vice President ial debate, not to mention the fact that pence pulled out of some events over the weekend after that tape was released. What do you make of that relationship and where it goes from here . Reporter well, that was a reflection of some problems that still exist and may get bigger because of that remark over Foreign Policy. And in a normal debate, they didnt have that intensely personal air to it, that would have been the most prominent moment in news coverage. Mike pence last week in the debate made a forceful argument trying to bypass what donald trump had said about Vladimir Putin in russia and said, no, its still the republican position that we are strong against russia, that we want to smack russia for what theyre doing in syria. Donald trump came out on that same last night and said, i disagree with mike pence. I disagree with my running mate. Remember, mike pence was already reeling from the disclosures on the tape. Hes a conservative christian, very devout. He didnt like what he heard on that tape. He canceled his appearance at the wisconsin rally that donald trump had been disinvited to. Now, i talked to a pence advisor last night who said theres no chance that mike pence will leave the republican ticket. Some of his advisors urged him to do that. But that was a back of the hand from the top of the ticket to the number two on the ticket. And the thing was, it was a back of a hand that went right at what many republicans liked about mike pence. This is not going to endear donald trump to the republican Foreign Policy mainstream. John, when we see a performance like mr. Trump that is similar to what he did in the primaries, and by that i mean doubling down significantly as opposed to backtracking on certain topics, if that does endear him to his supporters, does it do him some gain . Or last nights performance, at least relative to expectations, as he outright gained new number last night. Reporter no, he will not gain votes from this. That is a performance that i think to all the people during the bill clinton era thought if the republicans had just gone harder at bill clinton, if they had just convicted him in the senate of the impeachment charges from the house, if they had been more negative. That would have profited the Republican Party more. But that was tried and it didnt work. In fact, it backlashed on republicans at that time. Backfired is what i meant to say. Republicans did not get the result in 1998 in those midterm elections that they wanted. And what has happened is, the core people who believe that are the core people who are advising donald trump right now. So all the people who think the answer to republican problems is to go harder and harsher at democrats and specifically Hillary Clinton, thats what is driving the trump train. But if youre a collegeeducated woman who is the key swing vote in the election, you did not get a reason for donald trump or from donald trump to vote for him last night. And Hillary Clinton went aggressively after those voters. John, just 30 seconds left. In the significance of the Establishment Republicans dropping out over the weekend, dropping their support of donald trump, is there any, as long as the money from the rnc keeps flowing to the campaign . Reporter yes, the rnc money flowing to the campaign doesnt make much difference. Money wont decide the race. Both candidates have the ability to reach supporters, but the defections from the republican politicians, and there have been a lot over the weekend and there were a lot before that, top cabinet members from previous republican administrations, et cetera, all of those are signals and cues to those collegeeducated women, in particular, many collegeeducated men, donald trump is doing poorly among both groups relative to past republican nominee. Those are a signal to those waivering to say, no, this guy isnt a regular republican. This guy isnt the kind of republican you voted for in the past. Hes different. And that is why his numbers have been poor and they are not likely to get better from here. Okay, john, thank you for joining us this morning. Much appreciated, john harwood with all the latest on the debate. Moving on to the aftermath of Hurricane Matthew, it battered the southeastern u. S. , but the devastation is overwhelming. At least 19 people in the u. S. Are dead as a result of the storm. More than 2 million businesses and homes are still without power across the southeastern seaboard. They estimate that the Economic Cost of Hurricane Matthew will be at least 4 to 6 billion. Theres no Economic Data today, but plenty of action for the rest of the week. So the bond market reminder is closed today for the columbus day holiday. On wednesday well get minutes from last weeks fed meeting. And well look at the september input prices. And on friday input sales. The october Consumer Sentiment is also out that day. Earnings season is finally upon us. Several names are reporting this week starting with the unofficial kickoff. Alcoa tomorrow, csx posts numbers on wednesday. Then results from the three big banks on friday. Citigroup, jpmorgan and wells fargo. Thats a busy one for you. Certainly, not just the numbers but the calls. I want the ceos to be grilled on them. Like the european Banking System wells fargo is reporting itself on friday. Lots to focus on later in the week for banks. Meanwhile, samsauungs phon recall crisis is getting worse as they have halted production of the new note 7 as the replacement models have caught fire. At t and tmobile stopped exchanging after one device forced the evacuation of a Southwest Airlines flight last week. In a statement samsung will only say its adjusting shipments of the galaxy note 7 to ensure quality. Shares up 1. 5 recently. They have had a tough time, although a decent rebound over the last week or so. The stock is at an alltime high up 1 on this news, which is surprising a lot of people given the sort of trust that was broken here. And, at the same time, apples launch of the new phone is doing pretty well. Good timing on that. Elon musk is teasing a new product for tesla. They will announce this product on october 17th. It will be unexpected by most. Tesla previously announced plans to unveil a solar roof on october 28th jointly produced by Solar Panel Maker solar city. Musk says that unveiling is on schedule. Hes dismissing speculation that the companies will need to raise added capital in the Fourth Quarter saying, quote, it wont be necessary for either. Investors certainly have the questions and doubts. The shares have underperformed. Shares of Deutsche Bank falling today after the ceo failed to secure a deal with the department of justice over the weekend. He attended the imf and World Bank Meeting in washington raising hopes that he might personally negotiate a settlement. The doj wants a 14 billion fine on the company. The timing was that it may happen this weekend. He went back to germany with no deal . I dont know exactly where he is right now. But i think a week ago people were hoping it would have already happened. And im thinking were still looking at a week or so, a couple weeks away. They need to get the deal. Up 2. 5 today. Not groundbreaking yet. Oil prices are under pressure ahead of an oil meeting in istanbul. Well take you live there to the conference with some important commentary and interviews. Youre watching Worldwide Exchange on cnbc. This woman owns this house, with new cabinets from this shop, with handles designed here, made here, shipped from here, on this plane flown by this pilot, who owns stock in this company, that builds big things and provides benefits to this woman, with new cabinets. They all have insurance crafted personally for them. Not just coverage, craftsmanship. Not just insured. Chubb insured. Oil prices are under pressure this morning. Wti goes below 50 a barrel at 49. 53. Off a little more than. 50 . Some of the nonmore opec producers are agreeing to cut their output. Steve sedgwick is in istanbul speaking to a lot of important people there and joins us now with more. Good morning, steve. Reporter yeah, very good morning to you. A lot of people are very concerned about what a cut from opec may mean. Some really liked it including the people here at the world energy congress, which literally has thousands of oil men and women discussing the price. We heard from khalid faleel, the oil minister, the hopes are for a conclusive deal. Back in see yen vienna well he what he wants to do in terms of scaring the horses. Opec wants to make sure we dont crimp too tightly. The prices have dropped too low to impact investment. Many companies are hurting, many countries are hurting. That needs to be relieved. But at the same time we dont want to get or give the market an opposite signal and shock markets into prices that could be harmful. Reporter of course opec wants to price up. Anyone that remembers 2008, i do, i remember the big opec cuts and the volatility from the price of 47 down to 40. They dont want to see that kind of volatility. What does the market think and what do the big oil men think . Bob dudley, the big ceo of bp, heres what he thought came out of that meeting. I didnt know what to expect coming out of algiers. Ly note that countries that traditionally dont have good relations actually made some understandings and some agreements there. And i think what is less important, what are all the details of that agreement, is just the fact that people are talking and the cooperation is very significant. They will continue to talk, i think, here in istanbul and well see what happens in november. Reporter what bob dudley was saying there is that the