Utility. How we may be soon making our own power. And sugar rush halloween candy flying off the shelf. This is Worldwide Exchange here on cnbc good morning, good afternoon, good evening welcome to wherever you may be watching lets get now to why you are probably here. Your money and the markets Technical Levels are barely holding up they are holding up in some cases. Futures are mildly in the red for the dow. The nasdaq futures are down 58 something to watch we will throughout the morning broad based indices. It was the fifth drop in six sessions here is truly your nasty stat of the morning. Nasdaq posting the fourth drop down 10. 55 this month why are we so precise. That makes the nasdaq 100 on base for the worst month since november 2008. The nasdaq 100 now officially doing worse than it did in march when the pandemic and lockdowns first hit. It wasnt just stocks. Also watch the medal gold cratering more than 2 . Gold down about 18. 57 per ounce. It was silver that stunk up the joint on one slv etf down 7 . Thats huge for anything silver down nearly 3 . One reason, particularly in commodities is the move up on the u. S. Dollar. The dollar posting its biggest threeday move higher since march. We have full Team Coverage around the world selling here meaning a rough day for the trade in asia. Red ar owes in europe. A lot of red julianna is wearing red. Matt is in singapore give us the trade and give us the top stories. Im wearing black because it was a black day for markets across asia. Weak across the board when it came to the closing numbers here the likes of the japanese off about 1 when we saw the Greater China market off hong kong down nearly 2 it was the tech exposed markets that bore the brunt of the selling. South korea and taiwan those two markets down sharply the kospi and the thai x lower we did see a lot of tech plays whether japan, hong kong, taiwan or korea so softbank one of the big tech names. We did see alibaba and others lower from that 3 pull back tech was front and center. Elsewhere, the Australian Market front and center off by. 8 one of the banking giants hit with the biggest ever corporate fine 1. 3 billion australian dollars it relates to breeches related to Money Laundering or tariff financing. That stock was down by the order of 2 . Brian, it was all about tech today. Back to you. Thank you, now to julianna tatelbaum. I saw a lot of red everywhere. I wish i could say i wore this red dress because i knew. But not the case we are seeing red across the board. Yesterday, the stoxx 600 outperformed the u. S a lot of that heavy selling took place after the markets closed up shop. A lot of catch up. Every major region is participating and every sector seeing red we are seeing more demand for the most resilient defensive parts. Utilities and te utilities and telecoms you can see utilities down across the board seeing a rise in corona cases. Keeping investors on edge. We are eyeing the chancellor here and more measures to support the jobs market. Back to you. Thank you to some of this mornings top corporate stories on a thursday Frank Holland with those more than 3,400 u. S. Companies are filing lawsuits against the Trump Administration including some big names tesla, ford, target and home depot. The Companies Want the tariffs gone and are seeking duties for fees already paid. Calling on legislation that would curb Legal Protections for Tech Companies giving them more responsibility for managing the platform. Wework looking for risk and cut cost partners paid 200 billion to increase its stake in the China Business lets get back to the markets where fed chair jay powell will return to capitol hill today what he told lawmakers yesterday about an economic recovery a full recovery is likely to come only when people feel confident. The path forward will be on keeping the virus under control and the path taken by all levels of government. To our guest bill stone good to see you this morning with all due respect, we had eight fed speakers a little ridiculous on the fed speak. Speak once a quarter and come back nobody cares what i think. What do you think . Do you think the fed has our back i dont think it slid enough for them to really jump in hard yet. They are continuing to talk. They have been fushing for some sort of fiscal or additional fiscal stimulus and support. Seeing in the engineer likely to grow and come way off that move. Cloudy and thats what they are saying the Federal Reserve now in their almost daily speeches. What are you advising clients to do are you worried about the selloffs there is a lot of concern coming off the election what is the smartest play right now . Ill do this election first the one thing ive said in every election it doesnt make sense to vest according to your political views. It didnt make sense when obama took over and when trump took over there may be sectors and other things but making big picture, bullish calls doesnt make a lot of since here. One thing i will say that makes me feel a bit better the value side of the equation the high dif tend side still did a bit better why did that matter . If the worry was that the economy was caving in, you would likely see those perform significantly worse because they have more debt and lower quality. All those kind of things that make it so that what we saw in the worst of the lockdowns would likely happen again. Thats the underlying news here. Im going to Say Something political junkies dont want to hear politics dont really matter to the markets. The markets probably matter more to the politics. We have that coming up later on. Smartest play right now is what . One think you play where the puk is going to go well go with the nhl playoffs talking stock dividend strategies underperformed during the pandemic i think people are going to realize Interest Rates will below for quite some time. The best place to get the yield. Thank you. Well see you on again nice and early. When we come back, a prescription for a pop shares of good rx share in their first day of trading a live interview with the chairman of the federal regulatory commission. How hes trying to revolutionize the traditional utility system your morning rbi and why you cant forget the polls and what may be the real election indicator. A beautiful look of the Capitol Building cc. Tehea couple of minus re onnb give you my world how can i, when you wont take it from me you can go your own way go your own way your wireless. Your rules. Only with xfinity mobile. Discounts on drugs driving investor demand. Good morning. Starting with good rx. Down just about 3 after they soared more than 50 of the companys debut yesterday. The Health Care App finds coupons for drugs customers can use at pharmacies. Prizing shares well above. Backed by private equity firms including silver lake. Jeffries is up. Better than expected third quarter. And increasing the Stock Buy Back Program nikola under pressure again after shares fell more than 25 yesterday after the journal reported talks of the major energy firms talks have stalled following the early trade. Over to you. Every day, nikola continues to fall. I guess when you roll a truck down a hill, thats what happens. Still on deck, the chairman of the federal Energy Commission. He wants to change the game on how we get our power announcer todays big number, 3. 5 trillion. Thats how much the coronavirus pandemic has erased in work force Global Income from earlier this year. Thats a loss of 345 million full time equivalent jobs through the third quarter. Drone voice where are the bagels . Well, cdw can help you modernize your company the right way, with a scalable infrastructure from hpe, making you more efficient and secure. Great. Oh. [ drones buzz angrily ] lets find a different room. For transformation that works, you need Hewlett Packard enterprise and it orchestration by cdw. People who get it. To deliver your packages. And the peace of mind of knowing that important things like your prescriptions, and ballots, are on their way. Every day, all across america, well keep delivering for you. A new order by the federal Energy Commission could up end the system as we know it in a sense, it allows small scale resources like a solar panel or your electric car to supply power back. An opportunity previously reserved for big power plants. Joining us now, the chairman of the federal Energy Commission. A landmark ruling. When i think about what might be accomplished from this, im thinking we can all drive our electric cars around, create power, in a sense become our own pour plants. This was an historic landmark action you are right. To boil it down, we are responsible for ensuring competition and technology in the wholesale markets. What weve done is open those markets to distributed energy resources. You mentioned it roof top storage things that hide in plain sight but have tremendous power. That is mighty it does have the capacity to be a game charnger a shift in the way we generate and consume power in this country. Why approve this . We are really undergoing a Dramatic Energy transition in the u. S. You are seeing the cost of Renewables Come down also the increase of consumer demand. Everyone from fortune 500 companies to individual families our role is to oversee competition in the marketplace im a big believer in markets and in opening those to new technologies i want to ensure we have an eco system in place that enables new technologies to thrive to have the opportunity to be compensated for their attributes we felt the time was right we had a strong and robust effort im excited to see what this will mean for consumers and the environment going forward. You inherited those negotiations, the fires and people who have lost their lives. Just to upgrade and get back to the standards. What does this mean for the National Energy grid at a time im not sure well have money to fix the problems of these that are outdated and in some cases dangerous. In dealing with the issues posed by the pandemic and the fires out west particularly line workers are really heroes and have really stepped up through this. Right now, our focus during this pandemic is where it should be is p when this was over, thanking the utility workers that the lights stay on in this crisis what this means for the future of the power sector and the transportation sector. If we see the increased deployment of these technologies and clean energy technologies. You are seeing innovation squeeze carbon out the single greatest source has been transportation sector if this shift enabling electric Vehicle Owners and operators to provide that energy and spinning reserves into our markets. If it leads to accelerated deployment with impact and squeezing out of the transportation enabling the markets to allow new companies to flourish. A lot of fossil fuel companies thinking my gosh, i thought this was the Trump Administration trying to put us out of business, you still support pipelines, you also see the future our responsibility. We are a fuel neutral, technology neutral. Ensuring for americans access to reliable power when they hit that switch, the lights come on. We still need energy to ensure reliability for the grid as we undergo this Energy Transition taking place in the most economically efficient way that relies on the grid. Well still need to continue our responsibility to evaluation applications of the pipelines in core responsibility and also create that eco system to enable new technology the chair of federal regulation commission. We appreciate you coming on. Thank you. Have a great day,sir thank you for having me get a check on top headlines outside the world of money and business francis. Good morning. We start with shots that range out overnight in louisville, kentucky tensions are high after no charges were announced in the shooting death of Breonna Taylor two officers are being treated with gun shot wounds both officers are expected to survive. President trump refusing to commit to a peaceful transmission of power if he loses the election he crossed into constitutionally unchartered waters and left his campaign rival speechless. Will you commit to making sure there is a peaceful transfer of power after the election well have to see what happens. You know ive been complaining very strongly about the ballots. They are a disaster. I understand that people are rioting do you commit. Get rid of the ballots and well have a peaceful. There wont be a transfer, there will be a continuation what country are we in in he says the most irrational things. He went further to compare the comments to the contested elections in belarus calling it unthinkable. And gale sayers dies at 77. The running back known for his friendship with a teammate the basis for the movie brian saw. Hate to see him go. Rest his soul. Frances rivera, thank you. Coming up, if you are dazed and confused, you need to listen to our next guest. Well navigate choppy waters calling most of these market moves right. What does he see now stay tuned to find out dow futures are up eight we see companies protecting the bottom line by putting people first. We see a bright future, still hungry for the ingenuity of those ready for the next challenge. Today, we are translating decades of experience into strategies for the road ahead. We are morgan stanley. I keep working my way fback to you, babe with a happiness that died i let it get away servicenow. The smarter way to workflow. The big events are back. Xfinity is your home for the return of live sports. More pain ahead on wall street and big tech. D. C. Dread fears over contested election, dead lock congress, stalemate and giving investors cause for concern. Have no fear some under the radar names up 40 this year thursday, september 24 this is Worldwide Exchange here on cnbc welcome good morning thank you for joining us here is how stock futures are looking as we are half way through the 5 00 hour. Technical levels are holding up. The dow down nearly 2 on wednesday. Seeing the fifth down day. The dow is down a week nasdaq 1. 5 . All on track the fourth downed week in a row. The first times that happened since august all are on pace to snap the win streak as well posting the drop oddly more specific now down 10. A 5 this month. Why are we so specific because those numbers dropped 11. 1 . Even worse than the performance from past march. We dont turn around the next couple of sessions these could have their worse month in more than 12 years following our markets as well. Making a return trip with more and a lot of red on the screen good to see you again. Following the lead. Worth noting european markets closed up the shop we are seeing european markets trading sharply lower. That basket of stocks under performing this morning. The stoxx 600 was down about 2. 5 week to date. Virus cases continue to rise france in focus last night Health Minister with new measures and rezoning. We are looking out p for more support a lot of the question in the job support scheme with the government on that front looking ahead to the bank of england later on. That will be the focus point. Overall, the trade is lower here this morning brian. Good to see you thank you. Speaking of central bankers that seem to be dominating. Pounding the virtual table among the need of stimulus from washington frank hoe land with more of that fed chairman jay powell stepping up the calls for spending to avoid the uneven u. S. Economic recovery a full recovery is likely to come only when safe in a broad range of activities. Aiming to keep the virus under control and on all actions of the government it wasnt just powell chicago fed saying his projection of an Unemployment Rate is based around an additional 1 trillion in additional stimulus. He said, if it doesnt happen, it would be more likely we make that progress. Tiktok is asking the federal government to stop President Trump to impose a ban that will take place on sunday if the deal with oracle and walmart is not finalized the second legal challenge. Billionaires are launching a spac targeting what they call new technology and Media Companies in southeast asia. In a filing with the sec, seeking to raise 570 million. Who knew this would be the year of the spac. Over to you. It is 2020. If an after the road covered in low cussed filled with lava hit the planet dont speak that into existence. We dont need that thats bad juju. No. There is an astroid. Thats what im saying, dont tempt fate i made up the locust part. We dont need space locust part all i can think of is the simpsons and theants welcome craig johnson. Not here to talk about ant covered after t cover covered ast covered asteroids. Are you changing that tune brian, we have to tweak that a little bit lets put it into an analogy i know you played baseball growing up youve got three balls, no strikes. What do you do you take the next pitch thats what youve got going on with the market right now. All the problems happening right now. We are starting to see some of the technical coming in a little bit. Shorter term weighing a little bit. Starting to deteriorate a little bit. Youve got to take the next pitch and see where this shakes out over the next, say, 40, 45 days and get through this election if history at all rhymes and it is playing out weaker october thats exactly where we are going and where the market will be further feeling the 3032 level where the june highs come into play youve got to see this market back to at least the move moving record thats what youll have to see it is underfooting you talk about the nasdaq and the five largest stocks. They represent about 45 of the market cap i dont know if you can call that any sort of diversification, 45 is troubling from my perspective. For a year and a half, ive been screaming about this. Probably took heat from that who cares. Youve got to call it as you see it two types of down turns. Ones that are healthy. Those that are the start of multiyear downed cycles. Which one might this be . This might be a correction in terms of longer term bull market that will last over the next 45 days if you go out and look at the vix futures, they are twice what we see in the last few elections. Hence why this market will probably come in further if you look back at the market of the highs, this s p was trading above the moving average. Trying to keep it simple for viewers out there, you rarely see a market trade 20 above going back to the 1960s. Not based above the season at. To see this market come in we are still longer term bullish, we just need some of that pause and refresh that will come from lower level than where we are now take that pitch. Swing at this. It is not now, well get it from a lower level. I like it leave us with an idea. Broad come, avgo in the face of a nervous market well brian, we take the next pitch. A lot of Portfolio Managers take the next pitch in the market at all times. You put that ahead of the 5g roll out take a look at the tien. The longer term turn the twins have one of the best records there in minnesota anything can happen. We appreciate the honest call in the market look for 3 to 4 . Appreciate it, buddy have a great day. First, just 140 letters they nearly doubled it twitter may be saying forget words, lets talk. Is that story may by trending. Even superheroes are getting whacked in the lockdowns Worldwide Exchange and dow futures are up and others down after this im hector. Im a delivery Operations Manager in san diego, california. We were one of the first stations to pilot a fleet of electric vehicles. Were striving to deliver a package with zero emissions into the air. I feel really proud of the impact that has on the environment. We have two daughters and i want to do everything i can to protect the environment so hopefully they can have a great future. I keep working my way back to you, babe with a happiness that died i let it get away servicenow. The smarter way to workflow. Welcome back not a real clear indication of where the market is going. The nasdaq is the concern. Down 50 points right now nasdaq and big tech is not only the story but the stocks that control everything they are looking to open lower tesla down 17 ulta beauty some of the big decliners. Back after this. Never mind, we are back after my short break in screwing up there. Going to trending. Twitterer is considering a feature that will surely get you talking. My toss to break might be trending as well dont act like youve never falsely tossed to break. Sit tight. Brian, this could get really good really bad twitter will test a feature to test voice dm. A report message option available if anyone attempts to misuse the feature of course that will never happen another big block buster just got delayed. The release of highly anticipated moves. Black widow delayed. Westside story and murder mystery, death on the nile halloween celebrations may be up in the air but that doesnt mean we cannot consume candy. Chocolate sales alone up 25 early displays of candy in retail chains and increased anxiety. A call to those inventors we need to find a way for kids to trick or treat. Why cant they. We need a choice. Kids need to trick or treat of course they do why wouldnt they . Are there germs on the candy or something . I think weve debunked the whole theory trick or treating is done in groups you are wearing a mask can the government stop you from going to your friends house and taking candy hopefully everybody can go trick or treating. Wear your mask, which you do anyway watch your hands there is two of the three. The sullivans are going trick or treating and hopefully the hollands will be there with us if someone puts some Hand Sanitizer in my pillowcase, thats okay. Tough enough for the kids this year. Go trick or treating be safe. Be smark take the kids out. They are suffering next on deck underrated ideas that could boost the portfolio. This year, amy is our next guest. Stick around i had saved up some money and then found the home of my dreams. But my home of my dreams needed some work sofi was the first lender that even offered a personal loan. I didnt even know that was an option. The personal loan let us renovate our Single Family house into a multiunit home. And i get to live in this Beautiful House with this beautiful kitchen and its all thanks to sofi. Time now for your morning rbi from the guest you just saw from Piper Sandler markets and politics dont run for the hills. It is all just data based. Random but interesting checking back to data going back to 1900. If the dow is higher three months leading up to the election, the incumbent party almost always rewins the white house. It is not absolute four times 1912, 1968, 200. The incumbent voting party still got voted out. Where does that leave us the dow was up the past three months we keep on selling it could be quite telling maybe follow ticks dont control the markets, maybe markets control politics random but interesting crowd strike recommended to you. Since then, up 34 join us on cnbc news line the midcap focus fund up a cool 41 . Great to have you back on do you think we are finally seeing some rotation since, this space has been crowded i think we can make a small case now for small and midcap stock regarding valuation, that would trade add proceed yum to large cap at a discount. Can you see the disparity here that makes them very attractive. In terms of the side where we are on the road to recovery. Studies have shown historically more midcaps tend to outperform large caps those are stronger fundamentals, drivers. It is a smaller number there are less and the tolerated and the market is always a lot to be captured here. Well said lets get in the names you like. There are interesting new stocks ntra, this has been hot. What do you like about that . The leading diagnostic testing that special eyes in early testing of genetic they have three core areas why we are excited now is the recurrent market that has cost the first to commercialize in that Monitoring Market already receiving the market and pricing will be expected in october 2020 this is a very exciting, huge market with 15 billion and the early lead what is very special about this is that they are the first in the u. S. According to the company. It can be and has been validate to detect residual disease, also cancer reoccurrence up to two years earlier than standard diagnostics. You can really ultimately diagnose and save lives. The first to be detected was l colorectal humors. Others to come draft kings did i see that this doesnt sound lika stock you would normally like . We like anything with a lot of growth and pricing. The very early investors still in spac and q 1. This is the pure play Online Sports betting in the u. S. And it is irticily integrated. The Online Betting Market is very strong now. And under the market of pressure of Online Sports betting is a strong catalyst that is driven the market machine really uses data signs to get to their customers. I would see that like a tech company and Online Sports betting. You saw Michael Jordan didnt have time to get to your last pick, well get you on soon fun to have you on thank you, amy that does it for us on Worldwide Exchange. Goes by like that, doesnt it. Stock futures are in the red well see you tomorrow take care. The big events are back. Xfinity is your home for the return of live sports. Good morning. Mixed picture after renewed selling. Bringing you investment ideas. Tiktok parent bytedance official i will asking chinas permission to export its Technology State media are trashing the deal as unfair a majority of google employees telling the company they dont want to go back to their prepandemic way of working squaurk begins again rightnow. Good morning. Welcome to groundhogs day. We begin again, again. Starting with the markets. The do