Call it a 25 million what if why new comments from President Trump have the media folks getting social media on their side over exxon. And later on, steal a xwas gebaa taco why fans have a new reason to tune into the world series and why prices are sky high for the seats. It is thus, octobuesday, octobe this is boais worldwide exchan got too much time on my hands all right, good morning, good afternoon, good evening from wherever you may be im Brian Sullivan throwing out a little styx and here is another song quote see if you get it. 2020 24 hours to go and maybe the markets want to be sedated that after yesterdays 400 point haircut for the dow and 1. 5 drop on the nasdaq the markets nervous about the nancy pelosi imposed stimulus deadline in 24 hours and maybe also starting to think about much higher taxes if we see a blue sweep but right now, the futures are reversing just a bit not indicating that they will gain back what we lost, but dow futures are up 150 and of course context always key we where on aare still higher fe month of october overall yesterday also wasnt all bad for all asset classes. One big winner to begin the week, bitcoin. Up again on monday and up again right now to 11,747 around the world, asia coming off a mixed session there overnight and europe just Getting Started after a day filled with some trading glitches and exchange halts. The markets in euroyoureurope d this as spain reportedly conditions a temporary curfew to try to halt the growing number of cases there and germany reports a positive test rate of just under 4 german markets down 0. 1 and let us come back home, shall we, and get on the campaign trail. With just two weeks until election day, the commission on president ial debates announcing new rules for the third and final debate saying that each candidates microphone will be muted for at priestleast a portf the event. This as nancy pelosi and Steve Mnuchin hint at more progress, they are planning to speak at length again today ahead of pelosis selfimposed 48 hour deadline which expires latest today. Tracie potts is with us now from d. C. Good morning reporter hi, brian pelosi says they should know by the end of the day whether there will be a deal on stimulus, read stimulus checks for americans and Business Loans for businesses, before this leak a election and were getting reaction from the new rules. President trump says even though he will show up, he thinks the new rule of shutting off the mic is unfair. I cant answer the question reporter to prevent a repeat of that. Will you shut up, man reporter the commission announced that they will mute the opponents microphone during each candidates two minute response the Trump Campaign calls the commission biased, changing the rules to provide advantage to their favorite candidate and they are disputting ting th topics polls are now oem pen in 37 stas President Trump wants to boost his rallies to five a day telling Campaign Workers people are tired of covid i have the biggest rallies ive ever had and we have covid people are saying whatever just leave us alone. Reporter and senator Kamala Harris slamming the president in florida for not listening to scientists denied fact, denied sire insi science and lied to the American People so we know take we need a change and a change is coming reporter democratic nominee joe biden taking a break before the debate, warning his team against being complacent polls show him ahead by double digits, but tighter in swing States Coronavirus continues to dominate the campaign. This aint no joke. Reporter the virus in our surging in 38 states with cases up 10 in the last betwetwo wee. And President Trump also yet again clashing with and really trashing his Infectious Disease expert dr. Fauci, calling him as today sister on that Campaign Phone call fauci now has personal security because he is getting death threats. Everything these days, doesnt matter what its, it could be an invisible micro virus, everything is politicized. Tracie potts for us, thank you very much. Also happening now, Goldman Sachs may be looking to finally close the book on that Malaysian Investment Fund scandal dating back tortha coombs is here witht and more of your top stories no singing today last season seems like 2012 yes, thank you for that. Good morning you know, Goldman Sachs has reportedly reached a deal with the Justice Department to pay more than 2 billion for its role in malaysias Investment Fund scandal the deal could be announced within days. And will allow goldman to avoid a u. S. Criminal conviction the reported deal is broadly in line with the banks reserves and previous analysts estimates. Goldman sachs shares this morning edging higher by 0. 6 . Aexxonmobil says there was o phone call between their ceo and President Trump after the president suggested yesterday that he could get on the phone with any wall street or energy ceo to ask for a donation to his campaign if he wanted to the president naming exxonmobil specifically in a tweet, exxon said we are aware of the president s statement regarding a hypothetical call with our ceo and just so were all clear, it never happened and pioneer natural is reportedly in talks to buy Parsley Energy the two oil and Gas Companies which both operate in the Permian Basin are discussing an all stock deal that could be completed by the end of the month. Parsley has a market value of about 4 billion it also has more than 3 billion in debt. This news follows yesterdays announcement by Conoco Phillips that it is buying concho for 9. 7 billion the urge to merge it seems pretty much that or the alternative is not good. By the way, a little early rbi on that, that potential deal is also interesting in that it would be father buying out the son. So scott she have fieffield is r of Brian Sheffield who is founder and executive chairman of Parsley Energy and parsley is named after their maternal grandfather who started his own oil company decades ago. Is that random but interesting that is incredibly interesting and will make for an interesting thanksgiving dinner. Depending on with what the buy sdwrout mout may be, it cou really good or contentious thanksgiving assuming you can get together with people for thanksgiving thank you very much. A lot more to do on that, but right now your next gefrs sa guest says the market is facing three different headlines and once they are good, look out for a good Old Fashioned rally mark, what are we talking about headwinds . Obviously the election stimulus, you have this pandemic you might have heard about going on, which i find that do you ever notice you call a company and they say because of the pandemic like you still got to tell us . Anyway, what are the headlines and headwinds to you med winheadwinds are stimulus and checking the tea leaves every day for how nancy and trump will get along that is no way to set an investment strategy. So we want to look behind how pelosi and trump are getting along. And the therapeutics in the vaccine are positive at least for 2021 regardless of the immediate timing and then we look at the outlook for corporate earnings and return to normalcy once we have a stimulus dealing, the election and this covid hopefully thing under control. And when we see that we see a robust runway for investors who are flush with cash and businesses who by the way are running far more efficiently than they were prior, or at least in a lower cost world. We also fortunately or unfortunately for the people who are unemployed, unemployment brings down labor costs. Low energy costs, people working from home. And you and i have disagreed on this somewhat, but lower occupancy costs. I think that you will zero bust corporate earnings in 2021 and that is what were looking at for our investors, the not the daily motions out of washington, d. C. And i was saying earlier that now even invisible viruses are politicized thanks to social media and whatever else. How about this, does the market care who wins the election or does the market simply want a clean winner and not weeks or months of fighting over a contested election well, i wrote an article in forbes about who is going to be better and it actually came out to be fairly balanced. Not just because i dont want to tech off half of my clients, but because the realty is both candidates can make a legitimate case for this. With president biden, you will have globalism return which is good for stability and profits you will have a probability of a larger infrastructure scheme and that will be offset by the tax bills that we see. And the less regulation that President Trump has offered. So i think the market is juggling in fact jpmorgan has written notes on both. One day they said biden is back, another day they say neutral so i think the story is mixed, but i think that it is relatively balanced. We just want to get through the election and i know we got to go, but independent this on i said this on a panel last week, is the senate fight more important than the white house absolutely. It is about checks and balances next year, it is about not running the table with a democrat agenda which may not be friendly have a little push and pull and i think the markets will respond. Yeah, the senate fights not getting nearly enough attention. Everybody talks about the senate, they dont talk about the white house. But not as sexy. Mark, appreciate it. And a lot to do on deck. New details on gms strategy to take on tesla. Pretty good look at a new cadillac and why our next guest sayser were in the middle of a massive shift in real estate and building, who the ultimate winners may be and later on, back to the be beltway and the latest on the spending bill fight. Hey, dad hey, son no dad, its a video call. You got to move the phone in front of you like. Like its a mirror, dad. You know . Alright, okay. Hows that . Is that how you hold a mirror . [ding] power e trade gives you an awardwinning mobile app with powerful, easytouse tools and interactive charts to give you an edge, 24 7 support when you need it the most plus 0 commissions for online u. S. Listed stocks. Dont get mad. Get e trade and start trading today. New and exciting chapter. Across muticloud, apps, data and security, we focus on solving the business problems of our customers with technology we are a type of company the market has not seen before. Going public will further invigorate our mission to embrace technology, empower customers, and deliver the future. To in business you have to ber custhen do it all over again. Comcast business gives you fast, reliable internet on the nations largest gigspeed network. And now for a limited time, you can also get fast shipping with amazon business prime essentials. So no matter what comes next, youll always be ready to bounce forward. Get started with powerful internet and voice for 64. 90 a month, and ask how you can get one free year of amazon busines prime essentials on us. Call or go online today. Comcast business. What do semi conduct tore, electric cars, wireless mice and switzerland have in common they are all the subjects of your tuesday stocks to watch first up is intel striking a deal to sell part of hit memory chip deal to hynix for 9 billion in cash, would make hynix the worlds he secosecondt maker of chips stock number two, ubs, reporting a 99 jump in Third Quarter profit all on heavy turnover and global markets, those results handily topping forecasts, the swiss bank benefiting from a Strong Performance in Investment Banking which more than offset a drop in its advisory business. Also gm expected to announce today that it will build a new cadillac lyric electric suv at its factory in spring hill, tennessee. That will be gms third electric vehicle plant along with two others, the lyric is due in show rooms sometimes late 25022. And finally, shares of logitech are soaring all helped by, what else, all of us working from home and having to buy you into computer gear, key boards, mice, whatever so we can deck out our setups. Also raising its full year y outlook. And still on deck, why a new 50 tshirt is trending and it has to do with discarded crab shells we may have finally jumped the shark. Or maybe the crab. Dow futures up 161 welcome back lets help you make some money because the pandemic and resulting lockdowns have not only accelerated trends that were already happening in real estate, building out of amazon warehouses and Computer Data centers for example, but also could change commercial real estate doing things like pushing companies into older more suburban Office Spaces that have parking lots and no he will straight to elevators. Who stands to benefit . Lets bring in katherine thompson, doing great work on this and i love it when a guest forces me to look up a company i see a ticker and i go who is that and i saw ferg and i thousand is that Sarah Ferguson . No, but they do have something in common because they are both british. Ferguson plc, Plumbing Company you think could be one of explain the thesis behind some of the under the radar under the sink names absolutely. What we need to talk about nonre 1678 z. But people think it is dead but people are moving out of the cities and moving in to home offices. And as everyone is moving, the urbanization trend for the residential side, typically nine months later a big boom in commerci commercial so what will be a company that will win either way . So as we pole vault into beyond the covid world, one of those names is ferguson. Ferguson is the largest distributor of plumbing and hvac products in the u. S. So if we think about some of the big changes that are coming, you will be building, you always he need plumbing so you will have more mobile hand washing stations, more Water Filtration stations and the other thing that you will have is a greater focus on hvac and clean air so one name that you could hang your hat on is ferguson because they are the largest distributors of those products yeah, and i liked your headline irks i headline, im not dead yet, a case for nonrnonrez. So maybe a back handed monty python reference and awi . Yeah, you have the hvac and then you have the services you have hvac, sprinkler systems, they are all fit into the ceiling system, armstrong is the largest manufacture, only publicly traded company that you can really capitalize on you can look at the Office Furniture names like a herman miller, and also flooring names like know mausk. B mohawk. But one that plays a role in life beyond covid will be armstrong. And some of the other names to think about as you look beyond, this is more of the new construction side, we talked about it before, if you build anything, you need rocks and a couple of the names that will benefit from that would be brch bmc and martin mayor yrietta and summit has locations in secondary cities so they could end up being an outsized beneficiary too and then finally, another way to think about it, when you think about distribution when you are doing that build out, you need a beacon, a foundation or gms. This supply chain, this buildout, whether it is data centers near you in nashville, tennessee or whether it is refurbishing the 1970s ugly suburban Office Buildings here in new jersey with new hvac, a lot of companies do stand to benefit. Cakatherine thompson, appreciate you coming on. All ahead, why your next guest says she is raising her price target on ibm for the first time in two years. Even as that stock takes a hit premarket well break down and maybe break b be ene bk. I feel like were forgetting something. Let me check. Xfinity home gives you peace of mind from anywhere with professionally monitored Home Security built around you. No, i think were good. Good. So when youre away, you dont have to worry. The tent. We forgot. The tent. Except about that. Xfinity home. Simple. Easy. Awesome. Hey look, i found the tent get xfinity home with no Term Contract required. Click or call today. Stocks seeking a tuesday turnarou turnaround, dow up 160 fueled in part by the hopes in the stimulus stalemate ahead of Nancy Pelosis self imposed deal deadline were taking you to d. C. With the latest on where we stand with less than 24 hours to go. And take me out to the ball game as long as youre paying. Your morning rbi on the price some fans are paying to see the rays take on the dodgers you will not believe todays rbi. This is Worldwide Exchange and you are watching cnbc. Welcome back and good Tuesday Morning. It is lmg exaalmost exactly 5 3 futures are looking better than they were yesterday. By the way, breath yesterday was terrible and im not talking about mask breath, im talking market breadth only 48 s p stocks rose as markets are nervous about the pelosi stimulus deadline also starting maybe to think about much higher taxes if we see a socalled blue sweep you heard Robert Franks great reporting all day long yesterday saying that you could have a 62 allin, of course that preeffective, we get that, and even 50 cent rapper and producer saying no way, hes out. And were also weighing housing data out this morning, though yesterdays bullish data on homes did not move the markets even etf fell 2 but we have new numbers at 8 30 this morning lat , and watch housing, a massive part of the economy. And maybe call this a bonus rbi for your Tuesday Morning all courtesy of our data team. Check it out, the dow has not posted an october gain in an Election Year in 20 years. The s p and nasdaq havent done it since 2000 2004 so four or five president ial cycles and despite yesterdays down turn you oig, we are still higher for the month but here perhaps is the kicker having the dow, s p and nasdaq all up in october in an Election Year is very rare. So rare that it has only happened one time before, and that was in 1972 of course the nasdaq was born the same year i was, 1971, but still Pretty Amazing but true. Trying to steal the is that new thing you guys are trying to roll out, the abt instead of the rbi, amazing but true . Move on. Kidding. Love you guys. Pretty interesting stuff though. Wont see all the markets rise since the first time in 1972 all right. We are watching shares of moderna this morning on the rise following comments from the companys ceo on its potential covid vaccine. Speaking during a wall street journal conference yesterday, he says the federal government could authorize emergency use and that is key of the experiment taal vaccine in decer if they get positive results next month and if sufficient interim results take longer to get, authorization may not happen until early next year. His comments follow those by pfizer last week saying that it expects to seek authorization of also emergency use of its vaccine by the federal government by late november. So potentially some good news there. Particularly for health care workers, front liners, first responders, they would be the first ones to get any advantagiadvantagvaccines that roll out. And now to d. C. And the latest on the stimulus talks and maybe potential progress between speaker housey pelosi, that has to be pretty low and elylan mui, is there any the sun is starting to rise over capitol hill, is there any sun beginning to rise over the stimulus fight with nancy housey pelosi well, we will potentially find out today, brian. The deadline democrats have set for determining whether another covid relief package really is possible before the election is today. The treasury secretary and House Speaker nancy pelosi will be back on the phone once again they had nearly an hour long conversation yesterday and her office said that they are narrowing their differences, but there are still big gulfs between them and the problem is not just over the dollar amount, 2. 2 trillion for the democrats, 1. 9 trltd 1o for the white house. Now this is about deeper policy issues weve been willing to make concessions on our side, weve been doing that for the last week or so in terms of concessions both in language and also in dollar amounts on a few areas that she has deemed important. But the best way i can characterize it, she seems to continue to move the goalposts the way that pelosi explains it that two sides dont have shared values. Some sticking points continue to be over the language of testing, Liability Protection and state and local funding and tax credits and even if they can overcome all of those hof those there may not be enough republicans to get the deal over the finish line. Instead they will vote on the stand loalone Protection Program but democrats plan to propose it as too little too late and Mitch Mcconnell is blaming pelosi for not putting food on the table of working families and unemployed families because of her all or nothing gambit but we should find out today which way the stalemate will end. Back over to you lets talk about the president ial candidates. We know joe biden has called off all media appearances until thursday, i guess prepping no the election but what about President Trump where does he stand anywhere in these fights . Election. But what about President Trump where does he stand anywhere in these fights he says he believes that he can bring republicans along if he strikes a dealing, but Senate Republicans themselves are skeptical of that. Ylan mui in d. C. , thank you very much. Appreciate it. That apparent progress on the stimulus talks coming with now just two weeks until official election day although millions of course have already voted. And no matter what the outcome is, your next guest says there may be opportunity for your money. Jay jacobs is head of research and strategy at global x and i assume it is not your job or many people like you to say i prefer this or that. From a market perspective, you have to assume outcomes and shift strategies either way. And right now as you look at the scenario two weeks to go, how are you setting up that investing thesis there is always unpredictabili unpredictability go back to 2016, i think everyone can agree the trump election was very surprising considering the poll numbers back then and many were caught unprepared for that outcome even though the polls this year are looking like biden and maybe the democrats will sweep the elections, there is still a high likelihood that that isnt the case, that republicans defend the senate or even the presidency so we believe the best way to be positioned is not play into the game to look for the segments of the economy that might do well regardless of this outcome the two areas that we have our eye on, first the internet of things were seeing great private investment in 5g infrastructure, were seeing a lot of pressure on verizons and at ts of the world to upgrade their systems to 5g. That wont be affected by political outcomes that much in our opinion. And when you look at the health care sector, health care is always in the middle of government debates, but when you see technology being applied to health care, the introduction of tele medicine, digitization, that is a trend no matter what happens in protecting the aca or new policies going forward, we think that it will continue to Carry Forward into 2021. And in your view cloud computing, telemedicine, those will do just fine regardless of who is in the white house and what Party Controls the because as i said, everybody that im talking to privately says the senate fight is probably more important from a markets perspective than the white house fight. I think that is very possible i mean, the two things to keep an eye on from an investing perspective will be what happens to Corporate Tax rates because the tax cuts and jobs act greatly reduced Corporate Tax rates which was beneficial to retail and industrials but also what will happen with heavily regulated sectors like utilities and telecoms and health care. So if the senate stays republican, you could see a situation that is nor like tmor the Ballistic Missile white house Obama White House where Senate Republicans tried to prevent the passage of major regulation. Obama white house wh republicans tried to prevent the passage of major regulation. So it could be a return to the 2012 scenario. Jay jacobs, laying out the various strategies im sure well see you again two weeks to go officially have a good one. And for the Macro Markets and sectors, lets get specific and one specific stock and that is a name you know, ibm down about 3 right now after the Company Reported its Third Straight quarter of revenue declines, big blue not issuing any guidance after pulling full year guidance back in april as well the companys latest results coming after its announcement earlier this month the plan to spin off its i. T. Infrastructure business and focus on the cloud. For more, were joined by lisa ellis, and raising her price target and i looked at the notes and i thought, lisa, you know, youre raising your price target at ibm . This was a stock five years ago that was at 144 and today at a buck 25. Why the raise . Yeah, well, we are a sell rate on ibm, but we did tweak up the price target after they announced the divestiture of the infrastructure business. Weve looked for this for some time and it will help the Growth Profile of the remain co ibm, they are almost at a decade now of declining revenues on an organic currency basis they need to get back to sustained positive Revenue Growth and this spinoff of the Infrastructure Services business which is structurely declining in the mid Single Digits will help that. That was the driver of the increase do you think it will happen, do you think that there will be some kind of significant spinoff or break juup of ibm . Were happy that they are going ahead with the spin of the Infrastructure Services business that is expected to the separation to be completed now you sometime in 2021 plebl in t probably in the second half of the year spinning it off into a separate publicly listed company. We do think that it is possible that that business then will see some suitors and may be acquired or merged with potentially another player in the industry you know, somebody like a dxc could be a candidate also could go into private equity hands so we could see a different strategic outcome for that Infrastructure Services business that is the Big Data Center outsourcing business, almost 20 billion in revenue and has been an anchor in ibms portfolio so with that piece out of the mix and now red hat in, those two things together at least get ibm back to, you know, sort of flattish to modestly positive growth as kind of a sustained trajectory off of which then they could hopefully beingaxlcae lisa ellis raising that price target a little bit on i brchlt m a ibn a ibm and saying a breakup could now happen a lot of shareholders looking for that lisa, thank you very much. On deck, buy me some peanuts and doritos tacos . Why taco bell once again is owning the social media game but before that, lets get a quick hit on some of the other big company headlines. Number one, revlon ceo currently warning bond holders of the key proposed Debt Exchange at a steep discount Debra Pearlman says the repayment could be at risk if 95 of the bnd holdond holders t agree to the plan. And the Senate Judiciary committee has postponed the vote on subpoenas to force tech ceos to testify to discuss anticonservative bias on social media. And chinas top ridehailing firm is moving on with its own ipo plans, they are considering a Public Offering next years targeting a valuation of more than 60 billion adetess ridesharing also not de y dow futures up 173 for skin as alive as you are. Dont settle for silver gold bond champion your skin your morning rbi is perfect because the rbi today is actually about baseball. Really baseball and money. Because according to game time website, world series ticket prices are soaring the cheap seats, so to speak, are going for more than 1400 a piece. And one lower level ticket is for sale for 17,000 and you may think, so what, sounds kind of normal. But remember, the entire world series is being played in texas. It is not in los angeles, it is not in tampa bay so what gives . Well, number one, you have seating is limited you might have heard about this pandemic and also consider about how many l. A. Transplants are now in texas. In fact, when you think about it, could be a bunch of home games for the dodgers with all the exlos angeles now living outside of dallas. And here is Something Else random but interesting, this is only the fourth time in 25 years can that the two teams with the best records are going for the title. Which is Pretty Amazing. Because two players on the dodgers, Clayton Kershaw and mookie betts, will make more this year th money this year than the entire Tampa Bay Team by the way, you might need to make money like that to buy those seats. The world series also topping the trend of todays top trending stories which involves a run for the border bertha coombs, anytime there is a taco in the story, you know you got my attention my favorite food is the taco and nobody cares this is kind of mookie betts related because we know how mookky oig loves to steal bases. Taco bell is watching an incentive to watch the world series for the ninth straight year, the chain will give away free tacos if either of the dodgers steal a base during the series but a change from past years, members frof the new Loyalty Program will have first dibs within hours after the first base is stolen with a code on the taco bell app. And need a new tv to watch the world series lg is announcing the worlds first rollable tv finally going on sale all he though only in south korea for now. The 65 inch oled can partially or fully retract in its base so you dont have to see it when not in use but price tax, more than 87,000. You do probably pay someone to move it out of the way for you for that and the startup known for its comfy sneakers is looking to take over more of your closet. Allbirds is rolling out more clothing ills including a tshirt made out of crab shells, as well as a sweater and puffer jacket all made out of the same wool found in its popular shoes. And the tshirt will cost you 48 bucks. But according to all the surv s surveys, gen stchz is willing ta that if it is going to a cause that they believe in so i guess 48 bucks for a tshirt, not a bad deal. Has anybody talked to the crab and how they feel i know i assume they are leaving their shells behind voluntarily. So somebody is going around beaches picking up discarded crab shells to make tshirts wealthy gen zers it is a brave new world it really is. Although tacos are awesome sxechts in except in a car. Thank you very much. And it is tuesday, folks, as we head to break, there is still time to sign up for the big Financial Adviser summit, bringing together some of the top Advisory Firms to explore state of the markets, give you advice, good conversation by the way. You can learn more and sign up at cnbc events. Com fa summit and i cant repeat this enough, if you are an adviser, you get ongoing annual credits if you are not, you have no idea what im talking about but if you are one, you know how much that means. So go to that cnbc site, sign up josh brown is there, a reason enough to inso up on its own. Dow futures up 176 welcome back there is just so much going on with so many headlines coming at you, how do you make sense of it all . Aside from the uncertainty in d. C. , investors also finding themselves in the thick of earnings season. We have 80 s p 500 Companies Reporting this week including eight dow components how do you filter through the noise . Joining us now is chief investment strategist. John, great to chat with you again. Last week i said i didnt know if earnings would matter much. I know we cover them a lot, so not putting them down, but companies are pulling guidance out of the way does earnings season matter to you . It does i think if we can lift up the hood and look at the engine, and what it is showing once again is it is showing a distinction between winners and losers and the winners are those companies that are able to deliver their product, whether it is a service or whether it is an actual product via a digital process. If they can do that, if they are contemporary, there is a good chance that they will surprise to the up side when they report. Those that are not uptodate will fall by the wayside or if they are in businesses tha require personal interaction, they are still challenged especially with the resurgence that were seeing in covid i understand the raice for te white house gets all the attention as it should as commander in chief of the land and it means a lot but everybody i talk to, and we said it earlier in the show, points to the senate races five or six seats that could flip it or keep it maybe one or two gop as more important to the markets. And i want to be clear, to the markets than the white house because of implications for taxes and get huge bills through. And i agree wi we wrote that if there is a democratic sweep that includes the democrats winning the senate, winning control of the senate, we think the market could near term pull back 6 to 10 . I think the markets positive performance so far in october has mostly been expectations that while it looks like the polls are saying that biden will win, but the senate would be retained by control would be retained by the republicans. But when were looking at itno as we get closer, the market is getting nervous, the battle stalemate in washington does not look good, mcconnell does not look good, the president is willing to spend more and meet nancys demands in many ways, but the Republican Senate is in question now and i think that is what has brought about some of the weakness in the markets the last 24 hours with all the uncertainty, are equities higher one year from today . We think so it is the trends, the secular trends as well as the cyclical cyclical will be ideally a Recovery Process that comes on the back of a vaccine, significant efficacy and adapt ability. And with that,s it is infrastructure, technology, Consumer Discretionary so it would be industrials, Consumer Discretionary and Information Technology likely materials doing better. Athere you go one party wants to spend 2 trillion or so, the other party only 2 trillion how stingy of them i dont know, thank you very much and that does it for us on a tuesday. Dow futures up 173 squawk and the gang are next change is all around us. Shaped by technology and human ingenuity, we can make it work for you and your business. I feel like were forglet me check. Ing. Xfinity home gives you peace of mind from anywhere with professionally monitored Home Security built around you. No, i think were good. Good. So when youre away, you dont have to worry. The tent. We forgot. The tent. Except about that. Xfinity home. Simple. Easy. Awesome. Hey look, i found the tent get xfinity home with no Term Contract required. Click or call today. Good morning stock futures are higher after Speaker Pelosi and treasury secretary mnuchin said that they made progress on a stimulus deal, that is after the big pullback in the dow yesterday. Well take you live to washington for the latest. Another busy day for earning, well show you why ibm is falling in early trading, medium size blue and bring your results from two more dow components. And plus a major cosmetics retail her threaten bond holders to take a haircut or risk getting wiped out. Today is tuesday, october 20, 2020 a lot of twos. Squawk box beginning right now. Get a haircut and get a real job, get a haircut and get a real job, get your act up haircut, havent had that in