Shots. May be a catalyst to move the markets. It is thursday, october 10 Worldwide Exchange begins right now. Welcome from wherever in the world you may be watching. Here is how your money in the markets are setting up their day. Theyve paired earlier losses ahead of where they open down 28 points right now that doesnt really tell the story. Just a few hours ago, not the case a match of new headlines that changes dramatically. Look at this, headlines for the cost, big drop it looked like we were on our way. Then we started to get more clarity. So basically the novel all summer in a day we saw futures fall and come back in the course of three hours last night. Thats why youve got to watch cnbc or use the app all day long we are down around 28 points right now. 10year at 1. 58 there you go the headlines, they didnt impact asia that much. The nikkei inching two days up, one day down lagging in a lot of the markets. Starting to show another sign of life saw shares in hong kong rise not a huge trend there you can see where we are mildly higher with a mix. 16 trading days left until the hard brexit deadline i have a sneaking feeling well be talking about that more in the days ahead a fast moving story this morning. The theme weve been watching all year as a new round of negotiations taking place in washington around headlines breaking in the last couple of hours. A south china post reporting deputy level talks fail to see progress on key issues like transfers and subsidies. Also that highlevel trade talks reportedly for today will end a day earlier than planned the white house report says that was wrong and they are unaware of any such changes. This morning, the white house is talking a currency pack with china and another currency delay. All as President Trump says, when it comes down to it, only two People Matter in all of these talks. There is really only two people that matter on this one that is president xi and myself. We get along very well i cant imagine he likes me the way he did when i first became president. Well go to eunice now for more. What is the word from beijing. Reporter brian, you know there has been a lot of noise around these trade talks fundamentally, people are wondering how much has really changed. The south china post is quoting sources that one of the reasons why they werent able to make head way is because the chinese were refusing to entertain the idea of talking about forced Technology Transfers which is a core demand, also that the americans werent so keen to talk about one of the priorities of beijing they have said that theyve been willing to offer for quite some time another story here was the New York Times article that said President Trump had green lighted the licensing of certain components nonsensitive components to chinese tech giants that the Trump Administration had black listed that was seen as a possible concession that has also been on the table for quite some time or at least a possibility. In terms of expectations overall. Managed way, way down. Even the state press has been discouraged by what is happening. They had said it sees little hope for any pleasant surprises. The Foreign Ministry hasnt owe fshl officially spoken about it but is urging the u. S. To ease pressure on Chinese Companies such as huawei ill switch gears if i can to the other issue which is the fight now with the nba what is the latest on that the latest here is that the nba commissioner adam silver is in china the game between lakers and nets is going to happen what has been interesting and shows the sensitivity is that the presser that was supposed to occur right before the game has just been canceled also, a big question people have been talking about here is exactly what does beijing want from adam silver he has been roundly criticized in the state press the china daily wrote an open letter to him. The line here has been that the nba as well as the u. S. Have a double standard when it comes to free speech. One of the suggestions was, they basically said one of the past owners of the l. A. Clippers don sterling, made racist remarks in the past and when he did, that silver decided to punish him with a fine. That is seen as maybe a suggestion that the Houston Rockets gm should also be punished in some way they are going to compare the disgraced former owner of the clippers to that interesting. Thank you, eunice. Stocks extremely sensitive lets see how we can make all of this make sense and welcome gina sanchez who joins us live from london dont worry, gina. We are not going to bring up bau basketball lets move on. Unreal we have these headlines. Markets up and down. Our viewers want to figure out how to navigate through it how do we best navigate through this when you are looking at stocks, you have to look at how they are exposed to trade. Most are focused on the revenue side getting a real tough beating over this. This has been held down. The hikes of qualcomm, broad come, nvidia and texas instruments. Those names have been right at the front. People forget where china is part of the supply chain in fact, it hit small caps a lot harder because it turned out these Small Cap Companies were actually importing quite a bit of middle market goods from china. If you look at the big box retailers who are already having problems of their own. Think best buy, office depot they are stocking their selfhels with goods from china. Retailers, target, walmart others all stocking their shelves with stuff from china and the dollar store guys, theyll get hit. Maybe we look at vesting in some place like vietnam. Karl went over there and did an excellent feature about how they may be the ultimate winner in all of this. We agree. One of the interesting happened. Weve seen lot you hear that the number is in thousands you mention in tariffs. Still represents the down side youve seen imports switching from the likes of walmart and others going right to vietnam. How long that can take place is a question at some point, you could see tariffs going beyond china right now, vietnam is shining as the winner in terms of manufacturing. Im going to ask everybody now the same question, because why not . Is do you think we are going to get a deal ever . Is. You have to remember donald trump, the clock is ticking for him. Hes going into reelection not the same for xi jinping. China thinks in terms of decades. It really does not make a deal very likely. All right, live from london, gina, always a pleasure. Thank you. Thank you speaking of developing story in the United States another American Company appears to be caving to pressure from beijing. Frank has more now on this story. After facing more criticism apple is removing an app called hkp from its store saying, we have verified that the app has been used to target and ambush police and criminals have used it to victimize areas where they know there are no police present. They say the company did not have a sense of right or wrong the app was removed globally but still works for those who already had it and an online version is available the developer said, protest is part of our freedom of speech. The app deems to be a threat to public safety. In 2011, they released drunk driving check points not previously made public bank of america says there is a 48 billion market out there nobody is talking about. Retail shares soaring. Your mystery chart been beaten up but on a page of big gains today. Who is that . A bk ghafr iswereacrit teth welcome back 5 15 here on the east coast. Bank of america saying weve only grazed certain technologys True Potential a big report today highlighting some new 48 billion Market Opportunities few are talking about. Few that is, us. Joining us from israel before we get into some opportunities, i love the stat you guys put out there i should have had it as my random but interesting y you dug back 100 years and found that four companies have created the majority of net worth. 4 of companies have created 100 of the net wealth in the United States. 50 of the companies have created more than 50 of the net wealth there were always those instructors. The inter Innovative Companies also created value added that is incredible. Trying to highlight some of those companies emerging now that will be part of those 4 ers for the next 100 years yes, we have some technology we believe will be the next big thing. We are not waiting the rate of acceleration is unprecedented today. What seems to be 10 to 15 years down the line will come faster we believe these will be the next big thing anything from quantum computing, deep sea mining, nano satellites, Nuclear Fusion those could transform the world. Focusing on that one. Deep sea mining. We talk about rare earth im going a big feature here im not going to the bottom of the ocean, apparently, the bottom of the ocean is where a lot of this stuff is that we need take cobalt, there is three times more in the bottom of the ocean in some cases could be cheaper with lessee mission to take it out. This is the only sector before we started Mining Minerals from the bottom of the ocean, this could be a big revolution going forward. Brian, in the next five years, there will be roughly 12 million ev s all will require a lot of cobalt we could have an hour and still not get into all of this i guess your clients can reach out. There is 14 more we did not have time to talk about fascinating read well see you next time. Thank you. Thank you very much still on deck, why shares of luxury goods maker lvmh are soaring. Another casually it the u. S. china trade war this time in the auto sector well tell you who it is and what happened, next. [leaf blower] you should be mad at leaf blowers. [beep] you should be mad your neighbor always wants to hang out. And you should be mad your smart fridge is unnecessarily complicated. But youre not mad, because you have e trade which isnt complicated. Their tools make trading quicker and simpler. So you can take on the markets with confidence. Dont get mad. Get e trade and start trading today. Dont get mad. So servicenow put your workflows immhm. Cloud, huh . Your employees must love you. Thank you. Ah, you could say that. So how are things with you guys . Great. Thank you. Thank you, sir. Lunch next week . Terrific. Say hi to the team. Will do. Call my office, i will. Sounds good. Alrighty. Servicenow. Works for you. Whether your beauty routine is 3or 57,. Make natures bounty hair skin and nails step one. Its the number one brand uniquely formulated for silky hair, glowing skin and healthy nails. Natures bounty, because youre better off healthy. Welcome back. We begin with shares of bed bath beyond. We are soaring up 23 in the premarket because they hired targets chief merchandizing officer as their new ceo market likes it. Luxury goods maker lvmh on the rise brands like Louis Vuitton hosting better than expected sales. Lvmh is up 4. 5 . We are also watching shares of General Motors negotiations continue. A report says some progress being made the two sides discussing the topic of wages sales drop 17. 5 companies being hurt by the slowing economy, trade war and weakening. Trade shares down by 1. 5 of 1 why a new marvel movie could get the ghost busters treatment. Brum takes on the nba. You take on the whole issue. We asked you, should top executives be banned from posting on twitter weve got the twitter poll and what you said coming up. To keep me moving the way i was made to. It nourishes and strengthens my joints for the long term. Osteo biflex now in triple strength plus magnesium. Welcome back. Im Frances Rivera crisis in the middle east. Turkey wasted no time pounding kurdish fighters that helped u. S. Forces. The bombing began after President Trump ordered troops to step aside. They say it was to neutralize terror threats a spokesperson says turkey is targeting civilian areas for the first time joe biden issuing a call for President Trumps impeachment saying the president is, quote, shooting holes in our constitution. We cannot let him get away with it President Trump firing back saying his failing campaign has left him with no other choice. More after the break and healthy nails. Natures bounty, because youre better off healthy. As a principal i can tell you this. When one student gets left behind, we all get left behind. This is a problem that affects each and every one of us. Together with ibm, we created a whole new kind of School Called ptech. Within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. You know whats going up today . My poster. Today, there are more than a hundred thousand ptech students around the world. Its a game changer. Man can i find an Investment Firm that has a truly longterm view . It begins by being privately owned. With more than 85 years of experience over multiple market cycles. With Portfolio Managers who are encouraged to do whats right over whats popular. Focused on helping me achieve my investors unique goals. Can i find an Investment Firm that gets long term the way i do . With capital group, i can. Talk to your advisor or consultant for investment risks and information. To take care of yourself. But natures bounty has innovative ways to help you maintain balance and help keep you active and wellrested. Because hey, tomorrows coming up fast. Natures bounty. Because youre better off healthy. Trade talk tensions reports an a possible deal sending solutions on a wild ride well highlight one area of the market that almost nobody else has been talking about that made some investors a boat load of cash results are in speaking out on the corporate crisis around american companies. Should they ban top executives from using twitter we asked, you answered the results ahead on this thursday, october 10 as you continue to watch Worldwide Exchange here on cnbc good morning. 5 30 on the east coast im Brian Sullivan getting you up to speed. In the red i want to show you something we are down 43 points. Nasdaq indicated we might open up flat to slightly higher nothing could be further from the truth. I want to look back at just the last couple of hours while you were sleeping or whatever all these trade headlines sending the markets on the rise. Yesterday, late afternoon, early evening. Futures opened up and they opened up down i was prepared to say stocks were down 200 points not the case as more headlines came out more negative headlines, we saw futures coming back. Basically, in the course of four hours, futures today, 400 points 200 down and back up getting to the news that has been moving markets like that. That has been trade and the conflicting headlines around talks in d. C among the headlines breaking, south china post reporting deputy level talks fail to see progress on subsidies. Also saying those talks that will begin on the high end will reportedly end 24 hours earlier than planned however, the white house fired back at those reports calling them wrong and that they know of no scheduled changes in the plan also word that white house is weighing a possible currency pact and another delay get all that kayla, did you get that . Not sure she sleeps. It is really difficult, brian, to get that information when the white house isnt even in possession of the most current information. As of 8 00 p. M. , those we were speaking to said the vice premier of china would be staying through to friday. A dinner for the delegation this evening was still on as planned and the vice premier was expected to leave friday evening on a previously scheduled flight about an hour later, then telling cnbc that the situation is fluid a few different situations being discussed. The Vice President of finance may still be in the area and still question whether talks will continue to friday is still an open question there have been a lot of hawkish developments it is true that at the deputy level talks did not make progress there were attempts as the white house unveiled the business black list that dam could be breaking there were also reports that the white house is ready to green light some licenses for companies to do business with huawei those have been pending. Then there is that currency pact you just mentioned this has been finished already in trade talks officials have been sitting on a broader agreement. Now reporting the two sides could roll out an Early Harvest deal we know the chinese place a lot of value on the structure of these talks. The pomp and circumstance on how these are rolled out it might not seem super important. Lasting one day or two days, in china, it might be a signal and how importantly these will be material that is why we focus on those developments it seems like they are trying to say to the press we dont believe enough progress has been made we are ready to leave thursday but at least according to the principals we are talking to, the door appears to be left open any indication we could get the delegate leader to step in front of a podium in washington, d. C. And say we want to make a deal, or a photo op smiling and shaking hands. Something that would give us a visual indicator of how the two sides view each other . We usually do get a visible at the reception of these talks. Occasionally, i believe three of the last four rounds, we have had an Oval Office Meeting when there is something to be discussed and announced. Theyve discussed the purchase of u. S. Agricultural products. U. S. Media is not invited to press conferences. Only Chinese Media are invited we hear the content of those reports when published there could be some visual events today well have to wait and see just at the will Willard Hotel last week. John, welcome in your opinion. You know from which you speak on both sides are we going to get a deal no. Thanks for coming on, john. Appreciate that. Awesome we may get something it is very easy to announce you are buying soy beans the currency structure is not a good thing there has been an internal dispute about the chinese currency some of them saying china has been cheating on the currency and pushing it down. Others say the peoples bank of china has been buying, not selling their currency and so pushing it up. You could see some announcement they are going to stabilize their currency the factor driving the currency the wrong way from the u. S. Perspective has been the u. S. Making statements about doing things with foreign investors. They drive it lower and not higher clown car. Right if we dont get a deal a lot of other smart folks weve talked to say we are not going to get a deal. They are going through the motions. If we dont get a deal, john, then what . Do tariffs just stay on forever . Do they go up . Do both sides engage in a shoot out where no one wins . Nobody won yet. The two biggest economies in the world begin shooting at each other, no one will win absolutely. In this case in germany in the eu, theyve been shot. You know, it is easy to announce some things. The intellectual property stuff has been sorted out. That is not the real issue the hang up is that there have been some people who want to get china to give up their model stateowned companies and sort of switch gears over that is like asking the u. S. To give up on Social Security if you cancel Social Security or increase taxation to 30 across the board, then well do a deal yes. It is like what we are trying to do in china to change their system maybe their system needs to be changed because they rip off a lot of technology. They are not going to change it because it is the bottom block on the jenga tour. It is they cant do anything that looks like hes being forced to do it by the u. S. Because face and political sense inside china is what really matters he has pressure from his right too. There is a neocon group out of china out of shanghai that has been pushing on him not to give in to the u. S. I dont think well see a rabbit out of a hat but we could see some smiles and some announcement of small things i dont think well see a big trade pact announced soon. Maybe theyll announce we can watch nba games. We are going backwards do you see they compared the rockets tweet to Donald Sterling anyway, john, thank you so much. Nice to see you, brian. Nice to see you as well back to the markets. Many see the leading indicator, that is the transports is that a red flag on the entire American Economy or is Something Else going on . Everyone is looking at transports saying goodness the breaks are being hit on the American Economy is that true or is that Something Else a number of things. Everybody talks about the transports leading the world, the economy or the dow for good reason not that transport stocks move it is that they move the economy and because of the gdp we are seeing terrible drops terrifs are terrible taxes airfreight is down 9. 5 . You tell me how it represents a growing economy. It does not. The move towards deepening the harbors has changed a lot. You have these massive ships coming through, which means they dont need to go to los angeles or long beach, which means they dont need to put as much stuff on the rails leading me to understand that is why rail is weak because weve changed our supply chain locations. What do you think . I understand that certainly, its one of those things economists will always say, all of those things being equal. We are seeing lumbar shipments down we are seeing auto shipments down you walk through different parts of the economy, you see different locations. Every single segment chemical shipments are down. Ism are down best predictor of ism is chemical shipments bottom line is that has nothing to do with the ports so chemicals are down, which leads you to believe that is one reason why ism is weak in order to understand where this is going, Steve Leachman should be looking at chemical shipments . Yes i dont pay that much attention to unemployment. Its a lagging economic indicator. The last thing you get around doing is firing people its horrible and you dont want to do it you dont do it until you have to do it on the way up, looking around for the right person takes time to hire people lets look at leading indicators like the ism you find those and say, okay if that is the leading indicator, what is the leading predictor. I look around the world. European airfreight predicts the european numbers any day we can learn something, is a great day. Look at chemical shipments they may be a leading indicator. By the way, congratulations on your cardinals they lit it up thank you i was worried about the dodgers. The nats will be a fun team to play ships want to look at charts Nordic American Tankers and tk nordic has doubled tk, up 60 the reason, shipping costs that have soared almost beyond belief one month ago, a very large crude carrier charter was running at 28,000 a day that same ship today will cost more than 100,000 per day 28,000 to 100,000 per day in less than a month. Ship owners are getting that as well Oil Companies need to get their oil out. They do not have any other options. Two reasons for this massive jump the higher risk for ships and insurance talks. The bigger reason is the move put on costco. Slapping heavy sanctions on cosco. Meaning the cosco fleet is off limits to any oil buyer who doesnt want to anger the american government. The ships who continue to do business can demand the increase the broker tells me he does not see this changing anytime soon and shipping companies should have huge fourth quarters. Watch nat and tk tankers because those day rates have gone out of the world. Coming up, instagram is going dark dont panic. Well explain. We are back after this what a time to be alive. The world is customized to you. Built for you. So why isnt it all about you, when it comes to your money . So. Whats on your mind . We are edward jones, a 97yearold firm built for right now. With one Financial Advisor per office, were all about knowing whats important to you the one who matters. Edward jones. Its time for investing to feel individual. High protein. Low sugar. Tastes great high protein. Low sugar. So good high protein. Low sugar. Mmmm, birthday cake pure protein. The best combination for every fitness routine. With sofi, get your credit cards right by consolidating your Credit Card Debt into one monthly payment. And get your Interest Rate right. So you can save big. Get a nofee personal loan up to 100k. Time now for your top trending stories what are you going to be talking about today. Frank holland is here to talk about it we are going to start off with an allwomen marvel movie bri larsson confirms she alongside her costars have talked about making an all women marvel mash up movie no firm plans have been made to green light this project they have announced other femaleled movies. They are discussing a black widow movie starring scarlett johansson. I love it you are chunking it. I love it. Speaking of this, a lot of people are enjoying this so many people really love it. Instagram going dark the latest update unveiling the feature changing the interface to display a solid black background making it easier to see the screen in low light light environments it is a dark screen. Doesnt make a difference. The new iphone software, you can use a dark mode which preserves battery life android phones too. Up next, trade ding wars. Your morning rbi our twitter question should Companies Ban their top execs. Not all employees. From twiner . Ban them two minutes still to vote. Well give you the answer, how you answered, when we come back. No not everything, i mean youre still blatantly sucking up to me gary. Brilliantly observed, sir. Always three steps ahead. Six steps ahead. Sixteen. So many steps. You done . A million steps ahead. Servicenow. Works for you. Welcome back. All of headlines you need. Amazon top spokesperson is slamming Trump Administration for lack of credibility. Disputed questions about antitrust and criticism about amazons growing market power. He also said he doesnt think the president is working in the best interest of the nation. Carney previously served as obamas press secretary. Fidelity cutting on line trading commissions to zero. Apple has removed an app from its app store that hong kong protesters were using to track Police Movements it was verified they were using it to target and ambush police there is a threat they may, quote, visit apples local store. Now to the rbi. Amid that nba china controversy, we asked a simple question should Companies Ban their top executives those perceived as speaking for the company from twitter your answer, 64 said no it is free speech, you shouldnt ban them 36 said, yeah there is too much risk joining us now with all of this and these comments bill george, also a professor at Harvard Business school and cnbc contributor. I would say corporations are not the government there is a limit to what i can say sitting here on live tv. Youve run companies what would you be telling your Board Members and top executives about their use of social media right now . We had a group of Large Company ceos come to Harvard Business school you are a public figure. What you say in private may become public. You may use twitter to communicate with employees but realize that is going to get out everywhere in other words, today, you cant disappear. Brian, i think you have to be out there but show very good judgement and not express personal opinions. You are speaking for the company, no matter what you say. Most of our viewers chiming in, it is really free speech but it is not really free speech lets say the head of med tronic has a private account with a dog as his post. He posts something about his new maserati saying look at my new car. Right the Houston Rockets exec dont poke your nose into something that doesnt affect you. Youve got to use good judgement here. That is it. If you as a professor at harvard Say Something ridiculous or i do here, it is going to reflect on cnbc or on harvard im trying to figure out how we navigate these times your tweet is in many ways, a press release. Yes it is. But you cant hide behind your pr department. People want to see you you have to show good judgement. At a restaurant, people take photos of you. Youve got to realize you represent the company. You just dont say certain things be proud of what you do. Dont stick your nose into things that dont concern you, i think. Companies have to rely on the judgement of their top executives after a couple of cocktails. It is not easy we appreciate your in sight. Thank you very much. Thanks, brian thats it for Worldwide Exchange. Im off tomorrow squawk box begins right now. Developing overnight, conflicts. Futures are on a wild ride we have a live report from beijing. Apple has pulled an app it says was used to target an ambush on Hong Kong Police a house hold name retail stock soaring more than 20 after it poached a rival executive to be the new ceo. Thursday, october 10, 2019 squawk box begins right now. Announcer live from new york where business never sleeps, this is squawk box. Good morning, welcome to squawk box on cnbc we are live from the nasdaq marketsite in times square buckle up, it has been a wild ride all night do y dow futures are down around 15 points when it looked like the vice premier of china may be leaving early. We are getting all sorts of conflict