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Transcripts For CNBC Squawk Box Europe 20161031

So we are watching what is playing out across the european markets. Thats impacting the broader stock market. The banks are showing the stoxx 60 down by 1. 26. Today is a day you buy because traditionally the market is high and then you sell out on the first of may. Thats the halloween strategy, but some investors might be spooked by the corporate report across this earnings season. Well drill down to see where the individual gainers and losers are on this market. Top of the media stocks, oil and gas, fatigue is setting in around whether there will be implementation around the opec cut. Telcos is also down. Enough so that this is one of the weakest ones down 6. 57 . And industrials, down. 40 . Youre seeing a little pain this morning. Food and drink, we are down 1. 1 . Some of the big Luxury Companies are moving higher. Lbh is positive in the early part of the session. Media stocks, wtp, 3. 2 higher. Its the top performer in the stoxx this morning. Lets take a look at how we are startin

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