You guys know better that not nasdaq indicated down and s p anyone doing a secondary in your ipo is unparalleled. Down by one. That is a testament to the investors we brought into the down was down by 180 points ipo that believedin us again we did that a month ago over the yesterday. Every move we see seems to be premium of the price trigger by the moves of these the larger conversation being had about investors i think trade talks. There is a difference here lets look at the treasury this is why i think this is succeeding a, not only are you nailing the market the 10year looks likes it numbers, but, b, because you are yielding 1. 592 . Only for five years and you had to take in crazy amounts of 30year about 2. 1 money prior, right dont you think thats a huge part of this i do. I think we had very strong investors previously when we were a private company in todays environment, if we twoyear trading at 1. 462 needed them to do a 100 insider one Earnings Report of note today, Delta Airlines will participated ipo, they would have done it we didnt need that. Release earnings around 7 00 we had enough with the story that was resonating a. M. Eastern can i ask a question, please . He had bastian the delta ceo the professor you go for the science will join us did your chemist start with later today due at 8 30 a. M. The bigger molecules and start eastern time with the most important part on the trade front, those they didnt design it from scratch. Jean is our chief scientific highlevel tooks will resume officer. She was the founder of the today in washington. Company. How did she do it u. S. Equity futures have been she developed two kinase volatile overnight after a report that said u. S. And china made no progress in deputylevel inhibitors, not necessarily smaller circles. They werent closed loops. She had a history of doing this talks on monday. Successfully twice prior to higher level meetings are founding supposed to begin today. I cant imagine doing one report says the chinese there was that side of the story. My side of the story is i have delegation is planning to leave been part of four that have been brought to market. Earlier than expected. The balance of our team resonated to the street when we were out marketing the offering, you know, earlier this year telling cnbc the schedule has right after the government become, quote, fluid shutdown are we increasingly moving chip stocks taking a big hit on towards where chemists are going to be designing some of these all of these early reports but drugs rakter than molecular biologists what i think you saw was a have mod rated wave of immuno oncology coming getting you over to eunice yoon. Into favor clearly we should talk about what is in addition to obviously everything happening outside of going on in hong kong over this oncology and gene therapy, were apple app that seems to have going back into that wave. Been pulled. If your portfolio was eunice reporter thats right. Exclusively within precision first of all, on the trade oncology, which predominantly talks. Would be tkis, you would be up expectations here about any type 200 since 2015. Of meaningful deal have been because it works. Managed way down exactly the state media has been less athena, can you use this beyond lung cancer absolutely. Than encouraging and so the way that our pipeline the global times said there is was built is specifically little hope for pleasant looking at oncogenic driver surprises out of washington this mutations. That could be for lung, colon, week this pessimistic take comes smaller indications in breast, these are subpopulations of after the hong kong newspaper tumor types. You probably know the oncology quoted sources saying deputylevel officials didnt story as well. Make any progress this week incredibly successful company. They went after trek, which is a because the chinese have refused different target than ross 1 which is what we focus on to talk about forced technology predominantly. Its for solid tumors. Transfers, which is a demand of the u. S. Thank you the americans didnt want to we havent made clearly as much discuss lifting tariffs, which progress on solid. Is a priority for beijing. Business and science. The chinese delegation said to what about come on. Be leaving one day early forget about the money. We should be caring about our as andrew was saying, the white health thank you there are bigger issues than money. Thank you very much the nba doesnt realize house told kayla that isnt coming up, the widening fallout quite correct. That they dont have any from the nearly monthlong worker strike at gm. Information that the vice well hear from a top industry watcher on the ripple effects premiers schedule has been now hitting other businesses and what they stand toose lthe changed. A senior official said a dinner longer the two sides cant come is still on for thursday night together stay tuned youre watching squawk box on cnbc separately, the New York Times has been reporting that the Trump Administration was preparing to green light granting certain licenses for nonsensitive components of american suppliers for huawei technologies, which you remember was black listed Foreign Ministry commented urging the u. S. To ease its um houston, weve had a problem pressure on Chinese Companies including huawei but it didnt its human nature to hate problems. Comment directly about the trade but why is that . Problems inspire us to rewrite the rule books. Talks. One update on the nba and its the history books and future books. Spat with its chinese critics. Thats why so many people work with ibm the nba commissioner adam silver on everything from city traffic to ocean plastic. Is in shanghai the exhibition game between the from flight delays to food safety. Lakers and the nets is still on. Problems even got us to the moon and back to give you a sense of how on one tank of gas. Sensitive things are, the press and who knows where theyll take us next. Briefing has been pulled to take care of yourself. It shows how sensitive things but natures bounty has innovative ways are. The other thing that is to help you maintain balance interesting, there is a lot of and help keep you active and wellrested. Other things asking what does because hey, tomorrows coming up fast. Natures bounty. Beijing want want silver to do because youre better off healthy. Today, we might have a little hint the state news agency has been talking a lot about how the u. S. And nba has a double standard when it comes to free speech theyve made comparisons between the houston exec and former owner of the clippers Donald Sterling who had made some racist remarks but in the same way, the nba hasnt punished morey for comments that is the comparison being made now there is a suggestion that morey coming up when we return, should be punished similarly as breaking inflation data. Well bring it to you, the sterling was latest read on Congress Super the great irony there is on prices out in just minutes well bring you those numbers. The flip side, so many players, instant analysis coaches and others im all of it when squawk returns in a moment thinking of the criticism lobbed at lebron james and steve kur cme group can help you navigate risks and others that havent been and capture opportunities. More outspoken we enable you to reach Global Markets when asked questions about this, theyve tried to avoid the and drive forward with broader possibilities. Question at the same time on many other issues, including cme group how the world advances. Politics, theyve been very outspoken about how they feel about the president of the United States and others their people are criticizing them in a different way. I want to ask you about this apple controversy. Because apple appears to have removed an application that had allowed users to see effectively what is your take well, i think it was interesting because apple today said that they are now going to pull that app out of their app store for china. This app allowed the hong kong protesters to track the movement of police. Apple said in a statement that they decided that people were using it in a way that it wasnt meant to be used as we were talking about as well, this all comes after the peoples daily, which is a author tative communist voice had criticized apple for the inclusion of this app. It is just another mine field. You see apple as well as other Foreign Companies will have to face when dealing with such a look lucrative market. For years, theyve gone after them to remove the waze app. There has been a lot of criticism in the United States and the San Bernardino situation. In some situations that seem even bigger, theyve been unwilling. Reaction to the hong kong protest as well. Theyve threatened to visit the apple store. Im sorry, becky. All right. Go ahead welcome back to squawk box, everyone were just a few seconds away back to your point about the from the weekly jobless claims nba, what will be interesting is and cpi numbers. Futures ahead of all of this to see how packed the stands are future down by 60 points s p off by 6 tonight. Even though, there has been all lets get to Rick Santelli standing by in chicago yes, lets see if its as this criticism from the nba and cool as ppi. The Chinese Government no, it is not. But still moderate, unchanged on perspective, theyve said the september headline consumer nba has hurt the feelings of price index. We are expecting a 10th higher 1. 4 billion people this game has been sold out. And if you strip out the allimportant food and energy, a lot of the talk about the its also a bit inflationlike price of the tickets, the prices are hundreds of dollars. 1 10, half of expectations no revisions, up 1 10 and 3 10 that is common a lot of talk has been about how many famous american players respectively lets go year over year, up 1. 7. Will be at that game maybe a little cooler. Capacity of 18,000 will not be 2. 4 oncor year over year, and that is a number that continues broadcast. That will be really interesting. To be very solid above the 2 there has been a lot of level. And if we look at real average discussion on line the topic about the shanghai Weekly Earnings for september, they were up 9 10 versus our game has received 250 million last look up 1. 1, if we look up views. People are saying they are Hourly Earnings year over year, up 1. 2 really critical. Definitely up light. People said one of the ways they jobless claims, youve been are going to show criticism is waiting patiently. We move from 220 to 210,000, and by waving the Chinese National even 10,000 shaved off last week originally reported flag at the game but they are 219, now stands at 220, and saying they are not going to go continuing claims move from 1. 6, to the game. This is like an al gory of 5. 5 million, to 6. 84 so a smidge higher how far apart the two countries the aftermath, were sitting at are. We had ted cruz on levels and Interest Rates that were considered the highs yesterday on the long end. He was ee vis rating the nba for the curve has steep ened a bit more being so timid in coming to the short rates have moderated just a bit, and the dollar index Houston Rockets exec defense. Definitely losing a bit of mojo, but still in the grand scheme of things, its about twothirds a and coming in and being really cent away from the best close in strong and defiant 29 months. Joe . They have so much power there. A lot going on back to you. There is a lot going on weve got people over here were not getting updates on the thinking that nba totally score of the basketball game any more, rick suddenly im interested in preseason basketball. Anyway, thank you. Steve liesman joins us now capitulated. You guys totally mangled your theres a game going on in china right now. An nba game nba game, preseason game apology. We are this far apart. Between the nets can you the chinese think the nba and believe it was the nets, sorkin . What was the chance it was going over here, the nba is already to be the lakers a reason for it getting criticized in their which may explain why joe had to be as vociferous as he was. About i wonder. Defense. Go ahead he was going there i think from the chinese his team was going to be there, government perspective, they are saying the nba and a lot of right . Is it really impossible to find the score . American companies dont im looking to find the score. Are you really . Understand china enough. Yeah, im looking and its they dont understand the not so easy. History, the sensitivity about i think this may be the first time anyone ever googled a hong kong, how difficult it was preseason nba score for china. And maybe google wasnt set up this is when you read in the for the algorithms for this. Report today, they are saying i dont think anyone has ever cared before, andrew you may be the first that they feel that uk china liesman, what are you looking at got swindled having to give up its not a very clear Inflation Report here. Hong kong to the brits, very i mean, i think one way to do it long time ago. Is to keep it to the simplest still something they feel very soar about possible numbers, which is it is not the brits arguing looking at the year over year rate 1. 7 on the headline and 2. 4 on this point we were talking about that on the core, which is above the fed sort of expectation there when tuesday. They can refuse to go to the it comes when it comes down, when they adjust the inflation white house if they win but when nup, the cpi for pce, its about they ask steve kerr about it, in line. The dance he did yesterday on its at or close to the feds target goal which is the well i havent really studied argument of some of the guys who the situation and im unable to were against rate cuts hey, youre at the target. But when i look at this number, make any informed decision let me tell you whats going on. It was awesome watching him. We did 01, 01, 01 three months you saw Tucker Carlson in a row, then 03 four months in you have not seen a memo. A row. It bounced back, a reversion a part there are some negatives. I know it is money ill tell you some of the you have not seen an internal internals here vehicle prices have been coming came down. Nba note to all players, dont they came down 0. 6 they were up 0. 3 say anything you saw th hosts gasoline prices down two months in a row what else, transportation, that was the vehicle prices down two that is unbelievable. Months in a row. But then you have things like recreation was up 0. 5. By the way, think about its unchanged this month. Im just going to cut it short disney and all their business and say theres no definitive inside china drift here with whats going on with the Inflation Report. A lot of players have their the numbers appear to be at or own interests there as well. Around where the fed wants them to be. Some guys look at other numbers and say theyre light. Somebody must have said to others say its a victory some is of these players, look, getting at or close to where we should be here on this issue. Meanwhile, just so you keep it down know its 46, 47 lakers are up 4746 points. I know but corporations that the right supports know all about the money over there weve been looking the other way now we care about the human rights of the people we trade with is that the idea, we do business for 20 years and nobody on the with right said anything about it whats that . We dont when it comes to saudi arabia and other countries 20 years there is so much hypocrisy we dont care i heard the whole thing, joe weve been in this marriage a long time. Weve looked the other way for a everywhere we are all part of the same lot of problems with this marriage a lot of the problems have to do hypocrisy. Both of us with money for as much as were trashing our family and the squawk the nba, we could trash all you have the business round table coming out saying every Family Company is supposed to have a thanks, eunice. Purpose and mission and this and that you knew that was a joke. Im not saying its a joke. Totally in bed with the mob im saying does it change the dynamic you add an element, having spent a lot of time overseas the trade earnings on the agenda foreign policy, if we made them today. More capitalist, they could well talk strategy next become more democratic senator from nevada. Right and i think you guys are both u. S. Equity futures are up right. One guy brings up tpp, which was now up anything that comes out, as we an idea that would have brought them into would have sort of surrounded them with labor standards and environmental one. Head to break, a look at the and then joe is right. The dems abandon it just as biggest winners and losers surely as the republicans. This is an oped in the new premarket in the dow. York times today. Manju. Its fascinating because he writes in no uncertain terms, it turns out the wests entire political theory, what you were talking about china, has been spectacularly wrong. Ferocious Economic Growth in the past half century, but chinas growth has not come at the cost of a political choke hold. A darker truth is dawning on the world. They havent just failed to liberate chinese people. It has corrupted the rest of us outside of china can i respond to that i have just a little experience with it, not a lot, but this one program worked in russia its when we brought russians for farmers here, this is our lifes work. Over and when we employed them in u. S. Companies. But when a recall happens, that worked really well in terms perfectly good food goes to waste. Of showing them both u. S. Now, weve got away around that. Looks good. Business methods and u. S. Were on target. Blockchain on the ibm cloud democratic methods thats when we lost a lot of helps pinpoint a problem anywhere from farm to shelf. Intellectual property. With the chinese its used by some of the biggest retailers everywhere. Intellectual property, the others the other thing is a nice wedge. So more food ends up on your table, that if you make a bigger middle is that daddys lettuce . Class, the entire drift of yeah. And less food goes to waste. Humanity is greater wealth comes with demands for greater Political Freedom. Let me finish. Let me finish. The question is when do you pull the plug to evaluate the program and say its not working the idea that china eventually will be a country that provides some mea