Nice orange tie. That would make me Bill Griffeth the end of the month, which z stocks are the big winners and big losers for the month of october. What a year it has been for the stock market today the cme looking to launch Bitcoin Futures before the end of the year. A wall street expert says it reninds hr reminds him of the financial crisis all over again. Terry duffy will join us to discuss that on a first on cnbc interview coming up. Kind of like christmas music, you can only play it that one time right . Then tomorrow its too late. All right. Lets get to washington where executives from facebook, twitter, and alphabet are testifying right now before the Senate Judiciary committee about social medias role in last years president ial election Kayla Tausche has the latest on whats going on right there. Kayla . Reporter bill, youve seen the ceos and chiefs of these Companies Pushing out prepared testimony on their various platforms but its the general counsels who are here in washington fielding questions from the Senate Judiciary committee on crime and terrorism about exactly how much they knew about russian influence on their platforms during the 2016 election were still in the prepared remarks portion of the program right now, you are hearing from the general counsel and head of Law Enforcement at google, talking about the breadth to which that platform was used during the election. And well be learning a little bit more about what they have been doing behind the scenes to kplat this, to try and keep this from happening in the 2018 election season, and what theyve been doing with lawmakers to try and shape regulation and try effectively manage this going forward. Interestingly, you are seeing the democrats outnumber the republicans at this hearing. Two notable members of this subcommittee, senator john cornyn whos the number two republican in the senate, as well as senator ted cruz, are not here today you do see the chair of the overall umbrella Senate Judiciary committee, Chuck Grassley is here he made a little bit of a belated entrance the democratic side is stacked here so that could mean that there are going to be some tough questions coming for these top attorneys from facebook, google and twitter. Guys and kayla, that reminds of the big read in the journal today about how googles closeness with washington and sternl certainly with the Democratic Party does not seem to be nearly what it once was. Reporter certainly that is the case the tides have changed significantly, kelly when the Ranking Member of the committee opened the floor, he said in reading the testimony of these three companies, and the facts that they put forward, no serious person could deny the fact that russia influenced the election, and used their products to do that. The fact that lawmakers are talking about this with such serious tones here means they want answers there is regulation on the table. There are various ways that they could go about this and potentially there could be penalties for this company having covered wall street, remembering banks after the financial crisis, multibillion dollar fines, growth initiatives, tampered in the face of needs for Risk Management companies being called too big to manage. Doubtful that any of that would go that far or that extreme, but certainly weve seen that attitudes toward these companies can change quickly tech is the new wall street as we like to say around here. Kale wiyl kayla, thank you very much for n now. As many at 126 million americans may have seen russian propaganda during the election. Julia boorstin has more. Reporter reached 126 Million People is eye popping especially considering that the russianbacked Internet Research agency spent only 100,000 on ads. Sounds like a pretty impressive return on investment but facebooks general counsel, collin stretch, is trying to downplay those numbers raising questions about the impact of ads on the platform. Stretch noting that a person in the u. S. His served about 220 stories in their news feed every day implying ads could have have been lost in a flood of information. Stretch noting that a person in the u. S. , a lot of information, in saying that roughly 25 of the ads were never shown to anyone because ad auctions are designed to reach people based on relevance facebook notes it doesnt know exactly how many of those people actually saw the content they only know how many times it appeared on users screens now despite questions about facebooks ability to calculate precise reach and value of an impression, facebook shares are up about 37 over the past year thanks to advertising growth this russian ad scandal comes as the tv giants are working to pull back ad dollars from facebook and google to television well have to see if proposed regulation and selfimposed transparency measures further legitimatie izize facebooks ads particularly in the political sphere or race questions about their impact guys, back over to you. Yeah, puts them in an odd position on the one hand, they always say how effective ads are on facebook. Now theyre saying not that effective. They didnt see that many ads. Okay before you go, julia, another story on your beat, netflix now suspending production of house of cards season six what can you tell us right now reporter thats right. Netfl netflix, of course, counted on house of cards as its iconic content and Media Rights Capital which produces the show and licenses it to netflix announcing today they decided to suspend production on season six of house of cards until further notice they said this will give them time to review the Current Situation and address concerns of our cast and crew of course, this comes on the heels of very serious allegations of Sexual Harassment and Sexual Assault against the star of house of cards, kevin spacey guys, worth noting that house of cards really was considered the show that put facebook on the map in terms of original content. We learned yesterday season six will be the last season. Last season in the whole show. So well have to see what happens here, maybe theyll rewrite it and cut out the president , kevin spacey. Well have to see how that shakes out. All right julia, thanks. Well see you later. Lets get to our closing bell exchange, final one for the month of october great gains for major averages this month Michael Gibbs from Raymond James is with us today cnbc market analyst steve grasso from stuart frankel, and Rick Santelli checking in from the cme in chicago steve, i mean, weve put september and october to bed almost, and those are the two most difficult months, we are told, traditionally for wall street theyve been anything but this year. Its true thats what weve been told. Never listen to what youve been told, oddly enough, on wall street so the last news cycle has dealt with dooirindictments, dealt wia policy, tax reform and the new fed chair, whoever that would be whether its he or she the market have sort of absorbed this is right around new highs once again. And the path of least resistance remains higher and everyone has said, is tax policy in or out of the market doesnt appear like Market Participants really care i think they care about things for about five to seven minutes. Thats what theyll do with the new fed chair. The new fed chair will be a lot more dovish than people think at this moment. And whether its the horseman that got you here in the form of the large cap Tech Companies, or whether its the smaller cap russell 2000, one way or another, this market seems intent on going higher from here i dont see a lot of resistance other than the fact that people say, hey, how can i buy at historic highs well, michael, to that point, you guys think Technology Still has room to run. The financials, industrials and energy, but tech has had such a monster month, right Michael Gibbs . I guess he cant hear us at this point let me go to Rick Santelli here as we head into today was the first day of the twoday fed meeting. Is there any relevance to this meeting at all given that nobody expects a rate increase until decembers meeting what are you expecting to come out of this thing, rick . Reporter well, every fed meeting has some relevance of course, traders will be looking at the statement and deciding if theres anything in there that gives them even more insight into what you referenced and that is the notion that many are expecting a december rate hike nobody is expecting any surprises tomorrow but i still think that it will be important i think that the bank of england thursday will also be extremely important. As part of the world seems to be looking to reverse some of the policy of stimulus, while others like the bank of japan seem dead set to stay on the course. And with respect to whats priced in, whats not priced in in the narcotmarketplace. Ill tell you what with the dow 50 points basically round numbers off its alltime high, it just doesnt seem congruent that theres anything built in because of the give and take of the news flow mostly running negatively in many ways involving the administration, dooich indictments, whats in, quhawhas out of tax policy. Steve said we have a kevlar type market bitcoin, wasnt very popular at 100 wasnt popular at 1,100 2,500, started getting a long line over 6,000. Opening futures contract theres something about the appreciation of a market, no matter what it is, or how significant its fundamentals are that draw a big crowd and theres no doubt about it, the equity complex not only domestically but globally has a wide following and they seem somewhat impervious to the naysayers. Michael gibbs, where do you guys see the most opportunity in the market right now we still like tech. I dont youre in a bull market thats hitting new highs every day, you got to stay with the fundamental momentum and technical momentum and its there. We like financials as well think we had a good earnings season nose stocks are not as extended now. Theyre more timely than tech if youre putting money to work today. We still like those areas. Industrial looks like a good area to be now in the way the Economic Conditions are, valuations are fine. The stocks werent too extended there, either. So we see plenty of opportunity, but i think tech is still the clear place that we would like to be for the next 12 months so, michael, you go with those stocks that have proven themselves at this point what about the laggards . You dont look at those as maybe playing catchup at some point as this market progresses presumably you know, bill, thats been a tough trade to try to make this market has been so momentum driven i dont know in its the passing investment, etf momentum, whatever it is trying to reach down and pick up the laggards has not been a Winning Strategy at this point in time im not going to fight the tampe the only laggards id do, bill, are in the strong sectors that have come down during earnings season to attractive price points and earnings werent bad. Maybe the stocks got hit jauust because the market was nefrvous on them. Those the others that are true laggards, im not sure id come down there in general. All right by the way, rick, what was that, Christopher Columbus or were you a pirate what were you . Aye, matey. That does not look like Christopher Columbus, kelly. Hes got the hat, i dont know. What is that . Barney rubble . Fred that was some party. Fred flintstone that was some party. Sure was. The chicago bureau. Thats crazy thanks, guys see you later. Love your costume, too, by the way, grasso. See you later. Were heading to the close here weve got 48 minutes left in the trading session. So the dows in record territory. The hnasdaq in record territory the s p and russell are not right now. All right. Bitcoin, though, hitting a record high after the cme announced its planning to launch those futures rick just talked about cme group chair and ceo terry duffy will join us in a first on drns kr krns krcnbc interview. If you want to know if the iphone x is worth all the hype and better than the blackberry, we have a x, an 8, and 8 plus all there with Todd Hazleton well give us the review and play with some of the toys coming up here. We always want to hear from you, reach out to the show and share your thoughts with us on twitter, facebook or send us an email youre watching cnbc, first in business worldwide today, a focus on innovation in the Southern Tier is helping build the new new york. Starting with advanced manufacturing that brings big ideas to life. And cuttingedge Transportation Development to connect those ideas to the world. Along with urban redevelopment projects worthy of the worlds top talent. All across new york state, were building the new new york. To grow your business with us in new york state visit esd. Ny. Gov. Welcome back nice rally on wall street today. The russell rebounding from yesterdays decline. The small caps up 1 the dow up 53. Above 23,400. Okay. Here it is this is what it looks like so you got facial recognition, you got wireless charging, got updated hardware cameras. Thats what the 1,000 iphone x will get you right now our Digital Technology product editor, Todd Hazleton, is the one who has brought this phone over to us hes here to demo it for us as well, todd. I am. Worth every penny i think so. I bought one right away. This is the demo version. This is not your phone. This is a phone from apple we reviewed thats up on the site now. You would buy it because youre into the tech exactly. What about the more typical consumer i think most typical consumers are better served by the iphone 7, 8, 8 plus. If you want everything apple has, this is the phone to get. I go the animoji up here right now. Since theyre shooting over your shoulder, show them what it does there. So watch the face on the bottom. Hold it up a little higher what youre seeing is faces that todds making to the phone stick your tongue out oh, nothing when i stick my tongue its halloween we should go with something fun. Alien maybe. There are no zombies. There you are is this why im buying this thing . No. For 1,000 . This is just the fun. Youre buying this because its got the best components apple ever put in the phone, includes a screen from samsung, apple fine tuned it. Includes the frontpacing camera everyone is talking about face i. D. Which works really well i had some issues in some light. Others were having that, too in general even in the dark, with my glasses on, it was picking up my face wireless charging. You mentioned, im feeling this now, it can run hot. Yes. Its already warm. I talked to apple a little bit today, said its typical when youre setting up the phone, doing the processing in the background that it might get a little hot i noticed it yesterday when i was watching a movie. Another thing, we were just talking about the wireless air pods the other day what is the issue there . In terms of how well theyre able to connect with the phone while youre listening. Yesterday on my ride home from work, i was noticing i was listening to my air pods on there as i normally do and kept dropping bluetooth i wasnt sure quhafs goiwhat wa with that. Thats something ill fautalk t apple about. Things like that often get patched in a software update. Unlock that heres the iphone 8. We got the 8 also. Which we hear is selling well in china potentially. Yes, potentially. Here are the two together heres the 8 and then the x. Right youre looking at a 4. 7 inch screen. Should i bother with the 8 . Yes i think most people, in fact you like blackberry, bill. Well, that doesnt make me a bad person. No, no, no, i know you like the keyboard i would probably for most people go with an 8 an 8. If you really want everything, and if youre paying, you know, a down payment, youre paying 30 bucks a month versus 40 bucks a month, its not that much of a difference, go with the x, a better phone, youre going to have it longer i think youll really like it. The 8 is a great phone a lot of people really like it i actually bought the 8 plus right there that i already own. Before you go, try the facial recognition. How that works get vinny in there. The camera. Theres no button on the screen to unlock it. Just unlocked that fast and swipe up thats it. Try that again. Lock it and unlock it again. I look at it, the lock, unlock then swipe up. Thats it. If you try it wow, that was quick. It wont unlock. The cool thing is, too, when theres notifications on, theyll appear here but wont say anything when you look at the screen, you can look read the text messages. You didnt press any button or do anything, it saw your face and knew. Right, thats it. It rejected me. Its pretty neat. I saw that. Cool stuff its amazing how high the price point is, but even best buy came under some heat for potentially overcharging people or 100 more. They said, look, it was to offer a wider suite of products and ways you can buy these phone. Is everyone basically doing the monthly installment plan i think so. I think thats the best way to swallow the pill 1,000 or 1,150 on the high end. Pay 500, 30 bucks a month throughout the contract, own the phone, thats the best way to do it theres confusion. People used to say, i used to buy the iphone for 100, 200 and kept it for two years. That was still baked into your carrier, bill, you didnt see it that way youre seeing it differently more like a car lease. Whats your delivery date mine is friday. So, yeah. Because youre Todd Hazleton . No, i woke up on last friday morning, i woeng up, didnke up,e up at 3 00 in the morning, i woke up for work, ordered the phone. Said coming friday. Did you do full price no, the down payment and paid 30 a month. I heard people who paid full price had an easier time i bet, its a cash zone. Thanks, todd. Thanks for having me.