Well good morning to you. Great to have you back good to be back lets get to the Global Market picture this morning. Coming off a day where we did enjoy the rebound that we flirted with the day before, it was led by the nasdaq which is up over a percent. The s p was up about 0. 4 the dow up a quarter percent tech was a big part of the rally, so were financials. Banks rallying for two clear and simple reasons, yields were rising, thats good for banks. Talk of tax reform which is good for banks. This morning basically flat. A mixed picture. A bit of green and red on the three main indices tenyear treasury for you, yields were rising yesterday back to above the 2. 3 level. 2. 34 not just a domestic story. Yields have risen around the world this morning the tenyear treasury note, tenyear bund yield in germany back above 50 basis points just below that level now. The place thats seen yields rise significantly during september is the uk, where we were below 1 on the 7th of september, now close to 1. 4 certainly helping equities yesterday here in the u. S. As yields rose. Lets get to the top stories. The white house and House Republicans releasing their tax plan the proposal would provide large tax cuts to corporations and individuals. Among the key parts, the plan would lower the corporate rate to 20 it eliminates four income brackets the top rate on individuals could drop to 35 from 39. 6 it doubles the standard deduction andincreases the Child Tax Credit it also repeals the alternative minimum tax and estate tax President Trump making his case for the plan late yesterday. Our country and our economy cannot take off like they should unless we dramatically reform americas outdated, complex and extremely burdensome tax code its a relic got to change it we have to compete compete with other countries forms are expected to cost trillions of dollars National EconomicCouncil Director gary cohn and House Speaker paul ryan will be joining the squawk box team live the biggest question out of this proposal is where do the offsets and the pay forcs come from. Theres bethe biggest winner out of this, clearly business with the reduction of the corporate rate down to 20 not the 15 that President Trump campaigned on, but a much more competitive corporate rate that passthrough rate capped at 25 . The biggest question given the fact, as you say, how will it be paid for is what will congress think of this we have now got more meat on the bones for this proposal from the executive branch and maybe some consul take with the big six. Its involved a few members of congress to get to this stage. Frankly the hard work is still to come. The big question is can it get through congress if markets are rallying off the back of this, you have to look at what happened with healthcare and how hard its been to get any consensus together, a law passed feels like theres more impetus behind this. Definitely more input from the white house in terms of details. More buyin from President Trumps talking last night about specifics. And the other factor you have is the midterm elections coming people say the republicans need to show that they can govern and they can pass legislation. Some folks say it will be easier and that alabama result may be a negative in the shortterm for the republican establishment but may sahake them into action. The hong kong index is down a coup couple percent for the week. The nikkei is the pick of a poor bunch, its up a half percent today. European trade, up today slight gains for france and the uk germany up 0. 4 . Oil prices, lets show you whats happening there oil prices holding near recent highs, especially brent crude, below 550 58 a barrel. Seeing sop strength this morning. As for the dollar, its at a onemonth high against the euro. Dollar strength has been the new trend. Well see if that dynamic holds the euro is flat, so is dollar yen its been a higher yield, stronger dollar. That helped out groups like the banks take a leadership position in the market. Gold prices have been on the back foot. Gold prices lower on the back of that stronger u. S. Dollar. Weaker again this morning. Down 0. 3 the house and Senate Intelligence committees invited google, facebook and twitter to appear at public hearings on russias interference in the 2016 election. The committees are look at the spread of false news stories and propagan propaganda no word on whether the invitations have been accepted shares of the three are pretty much flat. Mark zuckerberg hitting back at President Trumps claim that the social Media Company is against him. Remember that tweet from yesterday . Zuckerberg posting on yesterday trump says facebook is against him. Well, liberals say we helped trump. Both sides are upset about the ideas and content they dont like thats what running a flat form forral ide all ideas looks like. Zuckerberg said he apologizes for the comments he made after the election as far as influencing the election at the time he called the idea crazy. Now he has to turn over 3,000 advertisements that were bought by russian operatives alleged by during the he election this is the tip of the iceberg in terms of the apologies, and more regulation that may have to come. It has taken zuckerberg a long time to get to this position he has at least apologized, responding more, trying to be more transparent its something they have to do more of moving forward and how do they prevent this Going Forward . Regulators will step up to this as well broadcast media so heavily regulated for this type of thing. Someone has to take control over it. A combination of facebook and regulation weekly jobless claims and the final estimate on Second Quarter gdp at 8 30 a. M. Eastern. Gdp is expected to remain unchanged from the previous estimate of 3 Esther George and fed vice chair Stanley Fischer are speaking today. Conagra and vale resorts report before the open. Kb homes out after the close. Roku will make its public debut on the nasdaq today. Landon dowdy has the details the video streaming devicemaker will start trading today after pricing its ipo last night. Roku priced shares at 14 each thats the top end of the exp t expected range it has a market cap of 1 1. 3 billion. Roku which was founded in 2002 is best known for its video streaming devices to let users access netflix, amazon and youtube on their tvs roku generated nearly 2 200 million in revenue during the first half of this year. They will trade under the Ticker Symbol roku. Roku founder and Ceo Anthony Wood will be on squawk box this morning and rovio, the maker of angry birds video games will price later today. They are listing in finland, sweden and denmark back over to you thank you. Softbank has overcome a major obstacle to its planned multibillion dollar investment in uber. The Japanese Firm agreed to block attempts to elevate Travis Kalanick back to the companys top ranks. Benchmark which led the oust ner june wanted a guarantee in writing that it would reject the reappointment of kalanick. So the main blocker stepping away. Toshiba signing an 18 billion deal to sell its chip unit to a Consortium Led by bain capital. Toshibas u. S. Joint partner Western Digital opposes the deal and still has litigation against it. Shares of abbott labs rising this morning the fda approving the Glucose Monitoring device for adults it will allow millions to track blood sugar levels without having to prick their fingers. Hain celestial making changes to its board hain will nominate six new director, three Board Members will not seek reelection. The changes could lead to a potential sale of the company. According to this report theres going to be a board Exploratory Committee to look at alternative actions. Unchanged in the premarket this is the last sort of standalone organic food player out there. What makes it different, it is a conglomerate of sorts. Its been formed by a number of acquisitions, still in the sweet spot of where consumers are going in terms of food japan display getting a nice pop today. The wall street journal reporting apple is expressing interesting in buying the advanced liquid Crystal Display force future models of the iphone Thor Industries posting better than expected results seeing stroke sang sales growthn the last quarter and lululemon saying retail is not dead. Heres what he told jim cramer last night we know people crave Human Connections, they may not go to the mall as much, but ultimately people dont want to be stuck to their phone and they crave Human Connections, thats what our communities do so well thats how we have such an incredibly productive store. Shares of lululemon up in the premarket. Interesting reason to say that behind the claim that retail is not dead i like Human Connections, but i like doing it at a bar or restaurant shopping it a nightmare. If i go shopping, i do it on my own. I think theyre talking about his kind of stores, the sort of communities that they build around mindfulness that would annoy me more. I still like its not about Human Connection i like going to stores to shop i like trying it on. I like seeing the new merchandise. Thats an odd reason hes giving it fits into the ethos of lululem lululemon. Playboy enterprises announcing last night that hugh hef fner died at his home. Reporter hugh hefner was never frar far from female controversy or companionship reporter what he sold in his issues of Playboy Magazine was sophisticated purism its good for business, but also says a great deal about how unsophisticated we are as far as sex. Reporter hugh and his magazine were born in chicago. The first issue of playboy sold out when it hit newsstands in 953 tha1953 subsequent issues had the same success launching an entertainment empire by the end of the decade, playboy was selling more than 1 million copies a month in the 1970s, hef moved west buying a home in los angeles that became known as the playboy mansion. The wild parties became notorious for their scantly clad guests and risque behavior in 1989 the ultimate bachelor married playmate of the year kimberly conrad. His second marriage after a failed one 30 years earlier. This is a unique celebration. The couple separated in 1998, but remained married until the youngest of their two sons turned 18. During a separation from conrad, hef rebounded by dating up to seven women at once. But eventually narrowed it down to three in 2005 the group starred in a popular reality show, the girls next door. The hit show relaunched hef f e lifestyle to a new aid yens and ma audience to others he was a window to the good life. No one can deny hef left a stamp on publishing and pop culture. Its nice to be remembered. The original playboy as the New York Times calls him was 91 years oldent we enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Your bbut as you get older,ing. It naturally begins to change, causing a lack of sharpness, or even trouble with recall. Thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. The name to remember. To the latest in the ongoing devastation in puerto rico following hurricane maria. The storm knocking out power throughout the island, gas, fuel, water, all scarce on the island now puerto rico is running low on cash. Long lines have been forming at banks that are open or the few atms that have power many stores are unable to process credit or debit cards and insist on cash President Trump said he was considering waiving the jones act which would allow them to speed the flow of relief supplies to puerto rico. The law require s goods shipped between ports to be carried by u. S. Flagged vessels shinzo abe dissolved the lower house, which will pave the way for the snap elections abe says he is seeking a public mandate and tougher diplomatic and defense policies big warning from south korea. The south korean government says it expects more provocations from north korea within the next month. Those actions could include missile tests. South korea believes any action would come as north korea celebrates the anniversary of its founding of its communist party. A big win for nbcs hit show this is us. And j. T. Could be making a super bowl comeback. The top trending stories are still ahead. First here is the National Weather forecast after 11 days, one of the most devastating storms weve seen will be finished what a month of september weve had each and every day weve been tracking a hurricane in the Atlantic Basin lately its been maria and lee irma we started with and we had jose and katia in the middle now were waiting to see what happens in the caribbean we focus on the western caribbean. A tropical wave could develop near cuba. 40 chance of development. None of the longrange computers think it will be too significant. The forecast for today, rain in texas, also in south florida the northeast, midatlantic, enjoy the nice fall air mass as it moves in. Thatsour ybusiness travel forecast more Worldwide Exchange when we come back exchange. Time for top trending stories. An outpouring of support hitting twitter following the death of playboy founder hugh hefner. Jenny mccarthy tweeting thank you for being a revolutionary and changing so many peoples lives. Especially mine. Reality star Kim Kardashian saying im so honored to have been part of the playboy team. You will be greatly missed larry king writing hugh hefner was a giant in publishing, journalism, free speech and civil rights he was true original and my friend he was a good friend of my fathers as well they used to hang out in the 70s at the playboy mansion. Before my father met my mother, of course. They knew each other quite well. It speaks to the fact that he was more than just a playboy also with the magazine, and had the big media empire larry king eluded to the free speech may he rest in peace. 91 years old he was. The season premiere of this is us drawing huge numbers. The show delivering the biggest ratings yet with 12. 6 million total viewers. This is us saw huge gains in the crucial audience of 18 to 49yearolds, up 36 from the Series Premiere last fall. I have not seen this yet it did well at the emmys this is the start of the Second Season yeah. Season one went down one. Katy perry releasing a feature length special on youtube red. Its behindthescenes look at her four day witness worldwide tour live stream the special will premiere on Youtube Subscription Service on october 4th. Well see how many people tune in for these shows on youtube tv they always come up in the cord cutting battle theres so much competition now. So much competition, almost not cord cutting anymore you almost have to take on these other subscriptions. How many acts can you monitor . Justin timberlake could be headed back to the super bowl. Hes reportedly finalizing a deal to perform at the half time show jayz was initially rumored to join timberlake on stage but recent reports suggest he will perform solo this is his first time back since the 2004 wardrobe malfunction with Janet Jackson i think he needs to have jayz with him thats my two cents. They toured together i saw them live together i think that would be good a good mix you have to up it for the super bowl worlds biggest stage. People didnt think coldplay did last year. No. Hard to beat beyonce. To the intersection of sports and politics. Peyton man hag ruled out a run for the senate seat, filling the seat of bob corker in an interview, peyton says he is giving zero consideration of running. His political future has been a source of speculation after he was seen golfing with President Trump and senator corker earlier this year. I wonder who won . Always President Trump. No sportsmen can be good at golf i think our president is good at golf. Thats true still ahead here on Worldwide Exchange, a round up of the top stories including reaction to the new tax plan. And if youre looking for defi i devilish returns, look no further. Why sin stocks are set to soar wall street digests the gops massive overlaul plhaul p. Take on tech, Congress Demands answers from facebook, twitter and alphabet about russias role in the 2016 election we have the details. And saying sorry the interim equifax ceo penning a big apology letter in the wall street journal today. Its thursday, september 28, 2017 youre watching Worldwide Exchange on cnbc. Good morning welcome back to Worldwide Exchange on cnbc. Im sara eisen im wilfred frost good morning to you from me as well lets check in on the Global Market picture essentially flat in the premarket. Coming off a day of a bit of red now across the board down 2 points for the dow. Decent gains yesterday rebound led by the nasdaq, up over a percent the dow a quarter of a percent tech did well so did banks yields were rising and talk of tax re