Phone numbers for ads. What Worldwide Exchange begins right now. Good morning. Welcome. From wherever in the world you may be watching, i am Brian Sullivan stock futures are up the dow up 109 kind words out of the fed yesterday properly overpowering fears. Dow futures up a solid 109 right now. In the bond market, keep an eye on these yields. 10year note yielding 1. 54 . With he see the gap between the two and 10 ever widening just a bit the japanese market fell on the nikkei the Hong Kong Market down. In europe, we are mostly higher across the board as well keep this number in mind 17 why . That brexit deadline now just 17 trading days away. October 31 17 trading days, including today before we hit that major mark. Lets hit macro to start your day. On one hand, you got the bad guys you got trade war and brexit on the other hand, you got the sheriff and his Team Standing ready for the market. The question is this it, who wins here is the fed. Growth should in no way be confused with the large scale asset programs we deployed after the financial crisis the recent technical issues and bills we are contemplating to resolve that should alter the stance of the policy powell saying they are going to expand but do not confuse it with what we used to know as qe, kwa quantitative easing. Youve got all these scary things on one hand central bank ready to defend in the end. Who has more fire power in the market you are absolutely correct. Youve got these two Different Actors for me, the question on the fed and central bank rescue needs to be split into two parts. I think the fed and central bank can do a lot to apiece markets they cannot do a lot now in the economy to head up this significant recession. If you look around the world and specifically at the u. S. , we see consumers and corporates are not struggling at all. What they are struggling with is fear that the trade war will get worse and perhaps that that account has been muted that is really denting confidence and sentiment that is something the fed can deal with and can help with. On the market side that easy policy and the qe the way we are used to that still helps equities and bond markets there is a big difference between the stock and bond markets. Do you believe the ecb and the fed have the ability to help im not talking about the stock market can they help those . I really dont think they can. These consumers at the moment are not struggling with high debt costs there is not the pent up demand to go out there and spend at the 75 basis point cut that will not effect credit card costs or auto loan costs there is not that margin to go out and spend right now. I dont think that the Central Banks can do a lot to help in the economy. Thats why we are now shifting the narrative towards fiscal stimulus if we do get that coming down the pipe, that is something that can help the real economy and can help the direction going forward. It is october 9 youve heard brexit coming up october 31 i bed if you said to your boss, id like to take some is time off between now and the end of the month, theyd say you are crazy. How are you preparing . If we get the hard snap on october 31 the brexit conversation is difficult. One of my colleagues put it best if you think you understand or have a strong view, you just have not been paying attention who knows what will happen in the next two to three hours on brexit what that means for us, we are kind of sitting on the sidelines when it comes to uk assets when i go around the world and speak to investors, they are doing the same if we do get a crashing out on the 31st it is not clear that is going to happen johnson is sticking firmly to the idea that it is do or die on the 31st a lot of this is just rhetoric and either some deal is done or probably more likely an extension. Then we get an election some time toward the end of the year. That outcome will be around 110 to 130, is that a bet you want to take . Thats not something i would feel comfortable going to say this is my view and put significant amount of money in there. Yet, markets still higher ben jones, we appreciate your in sight. Maybe the most honest comment. If you think you know whats going to happen, you havent been paying attention. Appreciate it. In other global news, less than three weeks now until the uk leaves the eu another new risk british Prime Minister under pressure again at home and abroad willem marx joining us from luxembourg with more reporter you mentioned that headline for the deal between the uk and the eu to happen by that date. The uk government has to agree with the european commission, thats the executive branch. European leaders have to give their approval European Parliament has to approve and the British Parliament has to say it works for them those mean a huge amount of pressure on the Johnson Administration yesterday, he had a call with angela merkel. Someone leaked that call and we saw the pound plummet because they quoted the chanceler saying that it looked all but impossible this morning, weve seen a report in the london times that has just come out in which there are unnamed officials talking about potential for a deal when it comes to an issue of sovereignty with Northern Ireland between the uk and ireland. Brian. It is very interesting, willem what do you make of what our last guest said . I spend a lot of time being asked what will happen next . It is so hard to say there are so many moving parts in terms of what is happening in the Uk Parliament has been suspended for a few days this is a legal suspension his critics saying this is a far too critical time for him not to be available to answer questions. Talking about racist language trying to provoke british anger at the germans a report from the times very influential. Members of his own cabinet willing to resign if his government pushes forward with the option of leaving without a deal just wondering on those flags over your shoulder, november 1, does that flag come down literally, do they take those all down yes absolutely if you are no longer a member state, you are not listed with the other 27 members behind me the legislation introduced a couple of weeks ago designed to prevent that from happening. We could see that again with an extension and that date no longer being set that would be quite the scene. When we come back, in hong kong, the fall out there taking another strange turn take this, a professional game player has been stripped of turnment earnings because of what he said about protests in hong kong. Saudi aramcogetting closer to the much awaited ipo. Well get a report from the energy conference. And then, is denim dead . Levis may have the answer youll want to hear it thats coming up ah, you could say that. So how are things with you guys . Great. Thank you. Thank you, sir. Lunch next week . Terrific. Say hi to the team. Will do. Call my office, i will. Sounds good. Alrighty. Servicenow. Works for you. High protein. Low sugar. Tastes great high protein. Low sugar. So good high protein. Low sugar. Mmmm, birthday cake pure protein. The best combination for every fitness routine. Saudi aramco, following the attacks, are facing a longer time line in the meantime, they say the ipo is closer. They say the company is stronger for those attacks. At a money conference in london. Steve. Reporter very interesting, brian. Let me tell you what is going on here im trying to speak quietly. Im just outside the forum of where nassar has been speaking behind me is one of the other major ceos the boss of Royal Dutch Shell conducting an interview. The message here at oil and gas, the 40th anniversary is that this industry is in transition when we talk about aramco, that is a proposition they are looking at the hydromuch different. Wto trading around 52. 50 and brent around 58, that is significantly lower from the kind of levels aramco wants to see. Spin forward from the latest story, talking about the low listing on the saudi exchange. Ive spoken to a lot of insiders who cant talk to me directly because they are working for aramco one told me hes working around the clock. It does seem to be something really quick which includes a road show and book building. Whatever this means in the next few weeks, well see a listing potentially in 2021. Two big issues for saudi aramco, one, they want the price higher. Proving that they want it back following the refinery attack. Less happy as youd expect to talk about the listing and when it will happen he did say when the share holder, the state or the kingdom of saudi arabia, when the share holder is ready to go, aramco is ared ready to go as well. Ill whisper with you saudi aramco just admitted full production is not on line and wont be follow end of november. Youve got iran seizing oil tankers. Yet crude oil there and here hasnt budged from two months ago. Is anybody surprised we are not at 70 to 80 oil . You and i trying to whisper is comical this is the point. The world doesnt need saudi aramco or back up. When you consider venezuela, the production is pretty wiped out iran, who knows what the administration is doing there. There is a whole host of questions why actually the world should lead higher this comes to another point. Everybody is terrified about the demand this isnt about what opec will do at the next meeting this is about the demand side of the story where the tariffs, trade or slow down is denting that demand. All of the estimates from this time of year, they talked about a Million Barrels plus of extra demand in 2019 those estimates are being sided for the total additional amount for 2019 on your patch looking at the shale market down here are the shale producers cutting back production they are, because rig counts continue to fall at 52 and 55 those companies laden with debt. We appreciate it. Thanks, buddy. This morning, stocks on the move lions gate might want to split off starz premium movie channel. Back after this. Announcer todays big number, 500 million. Athe amount of people in china who saw at least one nba game on tv last year with more than 85 years of experience over multiple market cycles. With Portfolio Managers who are encouraged to do whats right over whats popular. Focused on helping me achieve my investors unique goals. Can i find an Investment Firm that gets long term the way i do . With capital group, i can. Talk to your advisor or consultant for investment risks and information. I am royalty of racing, i am alfa romeo. Thats what happens in golf nothiand in life. Ily. Im very fortunate i can lean on people, and that for me is what teamwork is all about. You cant do everything yourself. You need someone to guide you and help you make those tough decisions, thats Morgan Stanley. Theyre industry leaders, but the most important thing is they want to do it the right way. Im really excited to be part of the Morgan Stanley team. Im justin rose. We are Morgan Stanley. Welcome back. The futures up 200 points. Trade war . Brexit stocks up 200. Lets focus on a couple of stocks to watch today including Levi Strauss Levi ceo said the traffic decline has hurt his companys business maybe a concern for denim. Fireeye shares up feye the ticker there. Keep an eye on shares of lions gate the company is considering spinning off starz into a separate company lions gate stock up nearly 5 , yet down nearly 42 for the year pg e looking to cut off power to nearly 800,000 customers in coming days. Theyve been called mans best friend another reason to have a dog in your life. Detailwh rlids enwodwe exchange comes back im embarrassed to even say i felt like i was going to spend my whole adult life paying this off thanks to sofi, i can see the light at the end of the tunnel as of 12pm today, i am debt free not owing anyone anything is the best feeling in the world, i cannot stop smiling about it whether your beauty routine is 3or 57,. Make natures bounty hair skin and nails step one. Its the number one brand uniquely formulated for silky hair, glowing skin and healthy nails. Natures bounty, because youre better off healthy. There is a little breaking news out there moving futures higher dow futures which were up about 100 points about an hour ago, now up 230 a report that china saying it may be open to a partial trade deal despite the fact that the white house just did a black list of 28 Chinese Companies again, not saying theyll do a deal or a full deal but maybe a partial deal you are seeing that move spiking nearly 100 points in a matter of minutes on that headline get more context or color, well bring it to you. That headline now moving futures higher lets get a check on this mornings other top headlines. Why it really is important to have a pooch on your porch lets start with the white house who is declaring an allout war with House Democrats refusing to cooperate with impeachment inquiry with a defiant letter to lawmakers calling the investigation invalid. House Speaker Nancy Pelosi calling it an attempt for the president to be trail our democracy. In california, the state is facing the strongest off shore wind event creating conditions for rapid spreading fire they will turn off power to nearly 800,000 customers in northern and Southern California this morning Southern California edison said it could shut off power as well. It could take up to a week to restore power. Having a dog could extend your life. Owning a dog is linked with living longer. Scientists found dog owners had a 25 risk of death from any cause and lower risk of death of heart attack survivors of those living alone the benefits of Dog Ownership could be due to increased activity of walking a dog or that you may be less stressful having a buddy around. You get up when we get up, traffic is tough you go home and the dog doesnt care they dont talk politics and they dont tweet oneway love no matter what you do on deck, speaking of twitter. Here is a question should Companies Ban their Top Executives from using twitter . May sound like a provocative threat it is a real question right now. Well talk about that and more fall out from hong kong, the nba and china when Worldwide Exchange comes back right after this whether your beauty routine is 3 steps. Or 57, make natures bounty hair skin and nails step one. Its the number one brand uniquely formulated for silky hair, glowing skin and healthy nails. Natures bounty, because youre better off healthy. Welcome back. Dow futures are up nice. 205 points on the implied open for the dow industrial average despite being 17 days from brexit and the hong kong unrest. The reason, china saying it is open to a partial trade deal saying, yes, we might do a partial deal we might do a partial deal despite the white house issuing a black list on 28 Different Companies in china trying to get more detail and insight into that. China with a slightly positive headline on the potential trade deal stock futures up the Federal Reserve yesterday saying they are ready to expand their balance sheet. But dont call it qualitative easing thats not what it is even though thats kind of what it is to our guest founder and chief strategist one headline, we may be open to a partial deal yet, futures spike it seems like it is chinas answer to trumps tweets because it comes from china people are holding more value in headlines that come from china than from us because we get headlines ever day here. Sure. There is a lot of trump weariness here since the trade war escalated, we never really appreciated the reaction is it a given if trump does whatever they seem to want, where will they be will they come back to the table not just tick to tick but the Broader Market here soer to think this is going to bring some solution to the trade war that is a process that wont be quickly resolved jim cramer has been on the tape earlier in the show, i expect to markets youve got the good guys, the sheriffs and the fed i asked them who he thought might win. You see the bad guys if that left that gang, you think that will give us another leg higher for the markets look, if we were to get a decisive view to the trade deal. Trump has been so defining his presidency by this lets say that is the case, that is the thing i think that is where this is all going. We have to go very quickly, you raised s p market you think markets may end the year flat to slightly down from here correct effectively marketing pe multiple theyve expanded a lot since i put out that report. Technically an upgrade but really into year end, yes, i think we have to be very careful about how aggressively dips will be bought. Weve made our money for the year appreciate that. In hong kong, more protests more taking place on the weekend. A pros democracy activist jailed appeared in court. Hundreds of thousands of supporters assembled many wearing black masks which itself defy a ban on covering your face. Today could be another flash point on protesters. It is 5 27 p. M. In hong kong all of this as the situation in hong kong and china beginning to really have major impacts on American CompaniesChinese State media accusing the nba of endorsing violence in hong kong as the houston general manager tweeted over the weekend backing the hong kong protesters they said that is worth 4 billion. Blizzard has suspended an e sport player and stripped him of his earnings after he made a statement during a post match interview. He wore a gas mask and goggles and appeared to shout a slogan associated with protesters now highlighting some trouble with the platform of twitter especially when used by influential corporate types. Joining us now, our two guests the velvet suite representing Many Companies your job is to go to companies and say, you should do this, you should not do that what is your advice to Corporate America