Money manager ken fisher and forget the stock of the day and why many are set to soar it is wednesday, october 16. Worldwide exchange starts right now. Good morning. Welcome to the show. Stock futures indicating the dow will open modestly lower at the open you can see if these futures open, the dow would open down by about 57 points and the nasdaq around 15 to 16. The blue chips open at 27,000 for the First Time Since september. The dow and s p 1 away from record high levels the 10year Government Note a tick lower at 1. 733 twoyear note, 1. 57 in the asian trade, japan now up about 1 hang seng up about half a percent. In south korea, the central bank lowering the key rate a quarter of 1 as expected to a report low 1. 25 . More room is still there as well european trading, we are seeing a little negativity there. German dax as well and the german ftse off as well. New developments in the u. S. china trade war issuing a strong warring to d. C. After the house backed the prodemocracy movement in Hong Kong China saying expect, quote, strong measures if progress is made as a new poll shows chinas gdp is likely to slow to a 30year low and even cooler 5. 9 in the year 2020. To the latest in the ongoing situation with turkey. That countrys president is rejecting calls to the u. S. For an immediate ceasefire. Live with the latest dan. Reporter dom, Vice President mike pence is now in bound joined by secretary of state mike pompeo. Their mission is to convince the president erdogan to lay the groundwork for a possibility negotiation with President Trump saying sanctions against turkeys economy and government ministers will remain in place until the u. S. Demands are achieved listen in. We are being very tough on turkey and a lot of others they have to maintain their own properties now they have to maintain peace and safety and well see what happens. We are asking for a cease fire we put the strongest sanctions you can imagine. We have a lot in store if they dont have an impact including massive tariffs on steel they ship a lot of steel to the United States. They make a lot of money shipping steel they wont be making so much money. Reporter the president also threatening there to level new measures if it fails to meet the United States demands. Weve heard from turkeys president who said he will not be enacting a cease fire clearly, it could be a tough negotiation ahead. Back to you. Thank you for that. It is great to have you here you heard dan murphys report in syria and turkey weve heard about the election and trading. From a trade perspective, what is the thing investors need to watch the most i think they are telling us the most it is really about what is going on below the surface there is a lot of interesting dynamics with regard to the story where it has been a flight to safety. It has been a case of i want to be vested in things like utilities and something that acts as a proxy. Despite the market levels, the nature and sentiment is not particularly there interesting, how do you craft a trading strategy around that if things are some what moved towards the safety and risk aversion or sectors that might be the ones you want to focus ongoing ahead . The risk right now is crowded. That is the first thing investors need to think about. Clearly, this worked for a substantial period of time and you could argue it could work arguably since 2010. It is becoming incredibly crowded and known with record levels of low yields the risk we have now and what we think of as a team a lot is how we petition for an event that is something we need to be mindful of last year, we notice this is the best performing sector some what argue a lot of that has to do with what happened and about how to tackle health care, managed Care Companies are taking a hit how does the election play out in terms of how players should be strategizing Going Forward. You highlight health care but actually when we think about the risk from any kind of political narrative, there is risk around tech and financials and energy as well. What is interesting is that health care had almost a miopic focus where they are at least partially discounting the outcome in 2020. It is the other sectors that are probably more interesting in terms of the spotlight on them and potential risk is it all just noise . Should investors be paying attention to the outcome of longer term plans . The issue with markets now is that you could have 12 to 18month views but with the ability to trade and stands of shocks yes, we could have a 2020 election outcome what investors are trading is that who will be the democratic nomination should the fed be in the conversation now there are obviously over factors at play. The Biggest Issue is do they have the potential si with regard to conventional measures . Do they it is hard to fight the fed if the fed do have a problem among their perception, they are not alone. Thank you very much appreciate you this morning. Lets move on here, this morning, a fall out over a sexually charged speech by billionaire ken fisher after he faces growing pressure what is the latest on the backlash Fidelity Investments said it is reviewing its relationship with fisher after his comments the same time philadelphias board of pensions said it is terminating business with the firm and taking its 54 billion worth of assets after the Retirement Fund pulled assets from fishers company. Iowa, mississippi and florida have all said. He compared the process with gaining a Clients Trust like trying to get into a girls pants. Coming back after the break, the latest fallout we go live to the region next. And why shares of united are set to soar ahead of the opening bell later on, your money, your vote front and Center Elizabeth warren learned the hard way what front runner life is like. A very busy hourheft aad aer this commercial break. Ts an su your family is duckin and rollin. While we stowin and goin but thats cool, i know for a fact your suv does not suck. And why is that . It aint got that vacuum in the back, whoo sucking stuff up what else are we gonna find . We got to go. Vacuum in the back, hallelujah get 0 financing for 60 months plus 2,250 total bonus cash on the 2019 chrysler pacifica. Ive been a caregiver for 20 years. No two patients are the same. Predicting the next step for them can be challenging. Today were using the ibm cloud to run new analytics tools that help us better predict and plan a patients recovery. Ultimately, its helping thousands of patients return home. And who doesnt love going home. 5 30 a. M. Eastern thats a live shot from our Nations Capital things heating up last night welcome back to Worldwide Exchange. China is threatening to take Counter Measure steps against the u. S. After house lawmakers passed a bill to hong kong whether that region require the u. S. To change its special trading status joining us now, in that hong kong study group take us through the latest, is there an issue now given the latest Political Developments here i think the more immediate challenges are local rather than the congress in the u. S. I dont particularly think it will be seen as helpful. I think support for protests here when the peaceful protests that so distinguished the protests in the early months of the summer have been replaced now by willful violence which is very hard to justify in any context. For any members of congress to have seen support of that is helpful. In the peaceful recover are likely to be helpful to mix them up when there is so much terrible and unacceptable violence occurring here is pretty tough david, we are showing viewers shots of what is happening around hong kong massive bottlenecks there. We know the Transit System is not helping. The subway system is shutting down cutting off the ability to move all of that having an impact as well how does this particular path move ahead are we going to see a slow down because of all of this that is happening . The difficult part of that answer is that the region as a whole is facing difficulties wherever you look, data is depressing hong kong is suffering more keenly than others moreover whether there is likely to be honkterm harm or whether it is likely to be short term. For that, we can only go back to the crisis in 2003 where hong kong was pretty much shut out while the crisis continued that only lasted nearly three months in the short term did great harm to the economy exactly those parts that are hurting now. Retail, hotels, restaurants, tourism and so on. The problems are now continued for five months, if anything, the violence getting more severe and disruptive i think there will be people saying if this continues for too long, a couple three months more, there may be some longterm harm being done to hong kongs role in the region and china interacting with the economy. We know the protests are having a toll there. You mention the u. S. china trade issues now that we are taking steps forward in talks others are expressing some scepticism with that if they do take a market step forward, does the situation with hong kong get better i think the whole regions economy would improve. The Global Economy would improve. There are significant stressors impacted by this i dont see any words of optimism coming. The problems that exist frankly because of access to their markets. Those problems are going to take some time to resolve arguments about tariffs are emotional and maybe attract consumer attention they are not at the heart of the problems thatexist a resolution of tariffs is not going to help the biggest systemic problems. Live in hong kong thank you for those thoughts we appreciate it still ahead, fresh from a trip from one of the Largest Energy conferences in the world. What is her take on the state of oil. First, todays big number. 158 million. That is how many passengers flew on United Airlines in 2018 of yo. But natures bounty has innovative ways to help you maintain balance and help keep you active and wellrested. Because hey, tomorrows coming up fast. Natures bounty. Because youre better off healthy. 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. Stocks to watch include broad com. Reports of antitrust measures today. You can see shares off shares of drug disstrib tors all rising this morning. The companies are in talks with state and local governments to settle opioid litigation for around 18 billion Johnson Johnson in talks as well other stocks moving now including mallinkrodt and others United Airlines raising the forecast results helped by higher fares and lower fuel costs dont miss united ceo liveon squawk box at 8 00 a. M. Eastern time a must watch interview there why one of the smallest things in the world could have the biggest impact Brian Sullivan looks closer at Rare Earth Minerals coming up next why lady gaga has the twitterverse reeling over her comments about fortnite. Its trending as we return after this you should be mad they gave this guy a promotion. You should be mad at forced camaraderie. And you should be mad at tech that makes things worse. But youre not mad, because you have e trade, whos tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. Dont get mad. Get e trades simplified technical analysis. Some of the largest names may have the biggest importance. Socalled Rare Earth Minerals are the topic. Brian takes a look at this industry rare earth, 17 minerals you may remember funny sounding names they look like little more than sand but they are perhaps the most Strategic Minerals now. A cell phone, tv or Rechargeable Battery and production of magnets necessary for building Renewable EnergyUnited States used to be a leader china figured out how important it would be and boosted supply soon no longer profitable to operate mines in the United States we now rely on china for more than 90 of rare earth production or processing creating a big problem not just for Consumer Technology but national security. Critical in fact that Trump Administration put out a report saying, quote, the assured supply of these Critical Minerals and resilience of supply chains are critical to the u. S. Economy china will end up controlling so much of it, it will be able to dictate price around the world tomorrow, well give you an exclusive inside look to getting america back in the rare earth game and take you to a newly reopened mine in the california desert when we come back, one of the largest casino operators in the world with the largest move over the balance sheet. We discuss it with the ceo of the American Gaming Association when we return after this. So sr workflows in the cloud, huh . Mmhm. Your employees must love you. Thank you. 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. 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. Takin it off road station ted goiwagon, eh . Ip, huh . You know its an suv your family is duckin and rollin. While we stowin and goin but thats cool, i know for a fact your suv does not suck. And why is that . It aint got that vacuum in the back, whoo sucking stuff up what else are we gonna find . We got to go. Vacuum in the back, hallelujah get 0 financing for 60 months plus 2,250 total bonus cash on the 2019 chrysler pacifica. Your money, your vote democrats square off bank of america ready to post quarterly numbers ahead of the morning bell what do you see . First, there was the dress the bunny and the bird will smith has another opt call illusion quickly going viral you are watching Worldwide Exchange here on cnbc thank you for being here with us this morning here is how your mand investments are looking right now. Looking to modest losses, the dow would open if futures hold to regular trading this morning. S p down by seven points and s p down around 16 to 18 points. We are seeing a slight tick lower in yields. 10year at 1. 722 . Twoyear around 1. 577 checking the asian markets in japan, you can see a bit of green there. Hang seng up a bit on the european side of things the cac is down. Ftse 100 is off. Slight peek in the green now for the german dax democratic hopefuls debated. Elizabeth warren took the brunt of attacks on topics important to investors sometimes i think senator warren is more focused on being punitive or pitting one part of the country against the other instead of lifting others up im shocked at the notion that anyone thinks im punitive. I dont have a beef with billionaires you make it to the top, the top. 1 of 1 so pitch in two cents so every other kid in america has a chance to make it. My question is why do bernie and i support a wedge tax. My question is why doesnt everyone else on this stage feel it is important. I want to give a reality check. No one wants to protect billionaires not even the billionaire we just have different approaches joining us now, john, this was probably one of those very, very interesting debates where the top leaders there are separating themselves out. What stood out to you about Elizabeth Warren she was the front runner and the dead heat, handicap for us how Vice President biden did versus how senator warren did in this debate weve had a race for months that has been stat tiic joe biden starting the lead and everything resolved around him Elizabeth Warren in practice on the ground is now the front runner and thats why you saw all that front running especially from younger moderates in the race include buttigieg and klobuchar. Saying, okay, youve been talking big for the progressive base on wealth taxes and corporate taxes. We are going to put to the test how realistic those plans are. Well see how she responded or how voters think she responded based on polls we have a new structure of this race at this moment. That is interesting because in the course of the next few days and arguably the next couple of weeks, there could be an interesting shift with senator Bernie Sanders we know there are a group of Freshman Congress people now known as the squad, we have reports that represent alexandria ocasiocortez will support Bernie Sanders and representative omar will support Bernie Sanders reports that ilhan talib will support Bernie Sanders what weve got now is Bernie Sanders had a heart attack a couple of weeks ago. His first challenge was to show hes back in the race vigorous, feeling ok