A bit concerning. Housin starts, which refers to th numbe of Residential Homes that broke ground tumbled 9 in septem thats the second straight month of declines. And a number like that is just what this Housing Market does not need right now, since its being challenged by low invent upon closer inspection, the report may not be as bad as it looks. Diana oli rep it was construction of these multifamily apartments that sent headline ho star basement in septem total start down 9 . But the story was very different for these, singlefamil homes. Builde started 8 more of them than they did in august. The highest constructio rate and thats important, because the pri of Single Family homes for sale new and existing to cont to fall to some of the lowe history, depeg on the market. Single family Home Builders still being very conservative. Still only operating at 75 of histor normal levels. Any move higher is a good thing for. As for the apartments, t dras drop in september may be outlier, given that permits, an ind of future constr rose and multinr numbers can be skewed. While the knee jerk for the stocks of e builder was to tank on the number, they bounce back quickly. The public builders have gained mark share, grown balance shee and acquired a lot of land. Wellpositio to take on 2017 with demand running ver the only red flag is that Single Family permits were flat. Indicati a cooler winter for constr. M diana olick in washington. As for the broader economy, there signs that wage press are rising according to the federal res beige book. Th central bank also said that duri the past month, most regis rep a modest pace of economic expansion, despite a mixed read on consumer spending. The feds beige book, along with the better than expected earn and a rise in oil pric helped lift the broader market. The Dow Jones Industrial average rose to 18,202. The nasdaq up 2 and the s p 500. S topped quarterly t american ea expectations, though the cardissuer did report its lowe revenue for five years. The Company Earned 1. 20 a share easily surpassing the estimate. Revenue also better than expe but down from a year ago. Ins liked it, sending the stock initial higher in lated trading. Kayla tau has more on what american exs sults. G past investor expect, n just for the thirquarte but for the full year and 2017, as well. Raising guidanc for what the compy expects to reach in profit despite its lucrative costco portfolio being offi out the door and compn increasing from chase and citigroup. The stock rising on the news, but its been prone to turna, dependi on execut tone of voice on the confer cal when investors want to know is that optimism extes beyond a press release. For nightly bu im kayla tausche, in and although it is still early, ear overall are coming in better than expected. And that may be lifting one of the dark clouds that have been hangg over corporate america. The socalled earnings recess b pisani has more. Rep its the earnings recess finally over . Its early, only about 15 of the s p 500 has reported. But we may be on the verge of reve four consecu quarte of negative Earnings Growth early fee is largely due to big banks, so Companies Like jpmo and city reported high trading revenues, genera reported higher profit on loans as Interest Rates wer sligh higher. Thats goo news. What a the rest of the market, the other sectors. Oil services giant, halliburton, surpri eve this morning by reporting a small gain of one cent. It doesn sound like much, but the expectation for a loss of 6 cents. The ceo, dave lester, said he thought oil prices would be go higher. Thats good news for the other oil companies. How Ab Technology . Intel rep a beat, though the guidance was disappointinin earn gains and the biggest stock in th s p 500, apple, risi recently expectation that would top earnings partly on the woes of its compet samsung. Now on friday, we will hear from genera electric, on larg indus in the world. Give us a better sense of the glo economy. Heres the bottom line. Its early, but this is shaping up to be a wellabovea ea season. Both the number of companies beatg and the magnitude by whic they e beating are both well for nightly bu i bob pisani at the new York Exchange and our guest tonight says after a decade of no earnings gr and nine years of no gains in the stock market, thin may be about to change. Is jeff kleintop, investment strate at charles schaub. Welcom back. Thanks for having me. What makes you think things are about to change . The earnings recession me over. While Global Economic growth may be about the same next year as it is this year, inflation is turng the corner from just 0. 8 this year to 1. 7 next year as the imfs forecast. That means overall nominal gdp m above 5 for the first n six. Finally b sales growth acro big multinational corpor, enough to drive finay some Earnings Growth and is it going to be ecession. Sector do you becae now we have earnings more balanced across a variety of sectors. Is that a correct read . You look ten years ago, earn for Global Companies are almos exactly what they ten years ago, no progress. But back ten years ago, 50 of profs were in e energy and mate sectors. Its much broader. A far more stable and broad base think well see this across sector in terms of the deca ahead, if youre a Young Investor just star out, one of the reasons that people havent been inveg in market is the lost decade, so to speak. So if youre a Young Investor star out, you have to have the longterm vi. Do you go with domestic markets, like here in the u. S. , or do yo think tha this turn in earnings is going to be a global phenom, a you can deploy cash almost anywhe in the world . Its a great point, sue. I think it is global. E coming from, increasingly gs comim overseas. But more importantly, to be divers which is so impot for Young Investors starti out. To be diversified, you have to be global. Not just geographical, but by sector the japanese market trades like the finan sector. The ca market trades like one big energy etf. And even the u. S. Trades like a big tech sector. You said diversificat you hal in how you implem and it does appear that the earn recover will be a glob one. And are expectations in the mark already that we are going to see this turn in earnings, or do you thi that investors are going to pleasantly surprised if indeed it does happen . Well, its interesting. Analys have raised their earnin forecast. In fact, they have done so since march and are looking for more th 20 Earnings Growth next year. But investors havent really priced that in. I think investors may be l. Surpd by what actually happs next year. May not be as good as the anal think, but a lot better than individl investors are braced for. Always a pleasure. Thanks for joining us. The worlds second largest econy is growing at a cons rate. Chinas Gross Domestic Product expa at a steady 6. 7 pace for the third strai and as is reported from beijing, that hasnt happened since china started repor the figures back in 1992. Rep economic stability has be the main priority of the gover here, because some economists, the numbers toda looked a little too stable gdp at 6. 7 , the same number as the first quarter, as well as the seconquarter. And thats been raising skepti about the voracity abou the numbers. Many economists focused on the se figures to get a bett sense of th growth du came in lower than expec but retail sales as w fixed asset driving the growth in the thirdquarter . Well, it government spendi as well as recovery ine. The government was green ligh infrastructe projec. Same time, it was through the ste bank, unleashing a record amount of credit. And that helped to lift the housin sector. Now, as much of the government poli have helped support econ growth here, they have been leading to some conc about potential new danger such as asset bubbles. The propey sector has seen a run up, especially in some of the big cities, such as beijing and shanghai, and this is even as authori are trying to reinn prices with various measur concern there is about asset bubbles in property and also econts con to be worrd abo rising debt. In fact, the imf in a working pape said that the government he needed to address the rise in corporate debt, otherwise they could risk a banking crisis, sharply Slower Growth tore both. M eunice un in beijing. Starbucks plans to double its store count in 2021. They also named its first chief exece in charg of operat. Starbus has been operating in china for 17 years. Still ahead, a controversi idea to help reduce poverty in. Well, hillarn and dona meet again tonight in t third and final pres debate. Both enter the debate with high unfavorable ratings as they try to win over undecided john h is is he site of the debe in las vegas. Good to see. Rep hey, sue. Immigration, an important issue to business, certainly. Its ly t discussed tonigh what will we hear from donald p about the border wall . Rep well, donald trum much o talk about that wall in the first two debates. I would expect he would go back to it. We have also got busined issues like debt and entitlements on the agenda. Somehow i suspect, sue, atten is going to end up getting focused on whats also on Chris Wallaces list of topi tonight and that is fitns to be presi of the unit stat indeed. What a mr. Trump will he focus on the clintons past, Hillary Clintons and form presi bill clintons . Rep well, he has certy given every indication wa. He raised that issue in the past cour, he brought the women who have allegations against prt former president clinn to that second debate. Has signaled hes going to do more of the same. But donaltrump, you know, he is a very unprohibitab guy. And so there is sometimes in e first debate, we thought he might raise those issues. Didnt do it. All of the signals are that he may it tonight. But we cant be sure. Hes unprohibitab and, of coursen has hammer his unfitness to be presid part of how he goes at her d tries to make the opposi point. That may be one of her goals. What are the other goals for principally, ht. Hi is working from a lead. In the avera of polls, ahead seve point over donald trump. Thats very big in president ia politi one, she doesnt want toe mistak sh wants to protect her lead. But second, she wants to try to rais publi esteem of her, whic has been difficult to do, its stuck around 40 favora rating all year lock long. If she is on the verge of bein elected she wants unde voter to feel better when they go into the voting booth. And af election, she wants them to rally behind her as she tries to govern. Thats not goi to be easy, given how divided the country is. Indeed. We wil all be watching tonight, john. Th very much. John h in las vegas for us. Tackling Child Poverty is just one issue facing the presid candidates. In fact, hillary says she wants to double the Child Tax Credit to 2,000 for each child up to the age of 4. But the philanthrop founda russell sage, has a much bolder idea. Give every child in the country a 250 check. Luke schaeff is an associat prof of social work and michigan and he joins us now to talk more about this. Profes welcome. Nice to thank you. Its a ple to be with you. You were quoted in this artie in th new york t that tackled this particular toc and you said, we might be comi into a moment where there could some common sens policy changes. There a policy window that open a year or two ago. Given all the craziness that wer seein on the political front, wha window has opened . What has changed . I think there is an openness to new ideas about how to tackle povert but not just poverty in this countr but i think the strugg of a lot of middle class families to provide for i think theres some interest and new ideas across the aisle that are just going in different direct. Than i have seen in the past. Eve in the midst of the currt campaign, im really opti about what we can do in t future. You know, there are a number of countries around the globe that do exactly this. They do give a lump sum benefit to children and families. The critics here at home, and id like your response to criticd argue a univl child benefit squas money on parents and they dont need the credit. Yeah, the basic idea behind our proposal is that programs like this should be universal. Its to recognize that raisg kids is expensive. Families need some help. Mo families need some help and societ benefits. And it turns out we actually alrey do this to some extent through things like the child dedun and the Child Tax Credit. And what we want to say is, hey, lets make it more simple. Lets make it universal. And just say, every child gets this actually, we want to do it as a monthly check. That you would receive and its money that you should that you n spe on your kids to help. Do you think you said ther a policy window openin what a the political window . Do you thi there is the politil appetite in washington to take on a topic like this . You know, i cant be sure what direc were going to go in. But im heartened by the fact ther a lot more talk about polici like this. What were proposing is a is a for a child allowance that would be this minimum inco thinking that youll alwa have this stable source of income you c invest in your kids and a number of different ways to pay for it, i think. And but i think what were sugg is not all that far off, from what some people across the political spectrum are considering in a guaranteed basic income. Ours is targeted at kids. But right. But its the same concept. Yeah, those from the left and the right are really thinking about thi in a way that i just dont thi they were a few years ago. All right. Well keep track of it and have you back to talk about it. Thank you, professor. My pleasure. Professor Luke Schaeffer with ebay issues a soft forecast for the holiday season. And that is where we begin tonighs mar focus. The ecommerce giant topped expe for profit and sale in its latest quarter. But the companys forecast for the Current Quarter could miss analys targets. And that news sent shares init lower in afterhours tradin ended the regular session up nearly 3 to 32. 52. Morgan st posted a better than expected profit help by higher bond trading and strength in the banks wealth manage division. The compa saw revenue rise and that topped analysts estimates. Shares rose to 32. 93. Shares of the Cyber Security firm, impercha came under pressu on reports the compan plans to sell itself imperc is reportedly in a hold patte as it looks for higher buyout last month, bloomberg said the interest from cisco s shares plunged, though, almost 16 to 39. 20. A number of chinese comps may be interested in taking ove gnc holdings. The wall stree says the healt and Nutrition Product company i in talks with intere buy and a potent buyout could be worth abou 4 shares of gnc surged more than 10 on the news to 21. 49. The Chinese Company, leako is making a big push in the u. S. Its t second Chinese Company to do so in as many days. Other being dalian wanda, which we repd on last night. As dierdre bosa reports,ly co has some of the biggest names in silico in its sights. Rep lico is the Biggest Company ye never heard. But thats about to change. Here in the heart of san chinese tech giant, just officially put a stake in th ground. It showed off an overwhelmin numb of its gadgets and serv from tvs to headsets, even an electric bicycle. We got our hands on one of its new smart that the company says will compete with apples ipho and samsungs line of device t at only about half the lico has b known as the netfx of china, but looking at all of the produs and services that it details tod, its g itself to compete with amazon, google and facebook to create a vast array of prod or eco system as it calls it for our digital lives. Lico is developing a selfd electric car and has a Strategic Partnership with farada futures. Previo dubbed the tesla killer. Garner research director, varner goresk is skeptical lico can compe with western tech giants y established in the u. S. Market while im really impress about the announcemen made today and technologies, im just thinki that theyre listing moren then actually by trying to be experts in all of these different aspes of personal technology today. Rep smartphones, known as le super phones, will hit amer soil at an opportune mo. Samsunag tarnished b explodg phone fiascfiasco, rich wren is looking for another consum brand. In our phone, we have content into our open. The User Experience is when we put the user first, when we develop extremely unifd User Experience, the people, they will trust us and theyl like us. Rep but as chinese inve into the u. S. Soars, not every is welcoming the money wit open arms. Lico is headquarter in beijin where the ruling govern hasn playi an increa role in the way Chinese Media and some members of cong have pushed back on chine Media Investments licos billionaire entrepreneur bigg ambitions. On stage at the event today, he told the more than 1,000 people in attendance that lico is a glob company, not a chinese compan and will be a disr f. For nightly bureport, dierdre bosa, san f and to read more about licos big push into the u. S. , head to coming up, second chances. The elect car thats getting a new life and moving in on tesl heres a look at what to watch for tomorrow. Dow component earnings, include verizo travelers a the European Central bank needs to discuss Monetary Policy and inves loo for clues about a possible extension of its stimulus program. Existi home sales and jobless clai are the key economi report and that is what to watch f there are reports tonight that googl has signed up cbs for a planned web tv service. As cnbc first reported the serv is expected to launch in the first quartl includ all of cbs content incl live nfl games. Google is in advance talks with 21st century fox and disney, as well. Karma is defined as the belief that whatever you do in life comes back to you. In the auto industry, karma, though has a diffe meaning. It was the model built by a contl company that went bankru, despite being granted fedel loans. But now that model is being reborn in a new Company Owned a chinese firm. Phil lebeau has more on the karma rivero. Rep it may look like just another luxury car. But the karma rivero is differ its an extended range electric sen that is the rebirth of the fiskar karma. A car that had a small but intee fol a few years ago, before the company that built i there w a lot of pass owners that bought these vehicles. And for a reason. The reason the car is gorgeous and the electrifica of the vehicl makes it unique, and that space. And we thought thats success in a very, very short period of time. We could replicate that success, rep the rivero comes with a hefty price tag. 130,0. Its in panel has been update so it appeals to people who want the feeling of driving a hightech el perhaps the most unique feature in t rivero is the solar roof. The solar panels in this roof, depeg on the day and how sun my it is, collect enough energy to power the rivero an e three to five miles. But otherwise, the outside has tweaked only slightly, comp to the old fiskar models. That was by design. Execut at karma believe the stylg of those old fiskars is. But critics point out those old fisks als had plenty of e even had to be towed when it was at consumer reports. And people in the industry are remembe where the fiskar karma was. It was unreliable, it wasnt a hooto drive, and, you know, had a lot of teething issues. Ask those were never, ever solved. With tess ceo elon proving a market for electr cars, karma is follg a. The rivero is built at a small plant jus out the manufacturi of the vehie bei here, in america, i think is also very attractive to a lot of people. Sort of the made in california, allin, authentic american luxu brand is something this coy has never had. Rep and now another plugin sedan. The quest is whether this karma will have better karma than fiskar when to comes to winning ove luxury carbuyers. Phil lebeau, nightl for tonight. Is nightly im sue herera. Thanks for joining us. Have a great evening. Well see you here to announcer the following program contains mature content which may not be suitable for all audiences. Viewer discretion is advised. Phyllis crane, srn, scm. Man the docks are brutal, and i need men thats fit for em. We need an ambulance. These are wonderful days, girls. Go out there and take hold of them. Cant i try him on a bottle of formula . I thought you had more sense than that. What are you talking about . If i cant give him nothing, what good am i . The midwife is provided by contributions to your pbs stations from viewers like you. Thank you