Warren and the 1 . Taking on the billionaires with a new add. And icahn out with a big target. Good morning, good afternoon good evening welcome from wherever in the world you may be watching. Im Brian Sullivan 23 degrees in the new york area. A lot to get to this morning we begin with breaking news. The latest growth figures hitting the tape moments ago how did that work out, lets go to willem. Weve got the eurozone q 3 employment numbers thats the flash estimate. The all important q 3 gdp number 1. 2 year on year. Relatively low level growth across those countries that is for the period july and september. Weve talked about the sluggish growth requiring governments to step up to the plate talking about whether they can take a coordinated approach. Some saying there are huge disagreements about how that can be achieved. Weve seen a need to get that growth higher than the 1. 2 annualized growth. We talked about slowing down to 2 or lower thank you. You can see the european markets. They are downright now back here home and see how our money and Global Markets are setting up stock futures are down a touch seeing a decline of 18 points now on the dow the markets coming off their 10th record close of the year. The s p 500 also off a record close. This is the 20th of the year the bond market yields have been moving lately and moving higher. Seeing the yield at 8. 15 . Still well above where it was about a month ago. A very busy day in asia. In japan, the country slowing and expanding to just 0. 2 demonstrations continued for the fourth straight day. Not just a protest dominating the conversation in hong kong. Well call this wbi. Also keeping an eye on the high board. The key interbank. Kind of the grease on the wheels they have been ticking up in the last couple of days and weeks. You can see that chart indicates that perhaps the protests are starting to affect the Banking System this rate which has spiked up 2. 75 is something important to watch in the days ahead. A little deep in the weeds there but listen, when the Banking System starts to get impacted, you might see a new level. New hang ups keeping the markets on edge despite President Trump saying they have promised to by 50 billion worth of goods and requesting from the white house to curb technology transports. Remember, ip has been the single biggest Sticking Point in these negotiations lets try to wrap this all together bringing in chief strategist at principal global investors. We normally talk about trade and europe listen, these hong kong protests, one of the reasons we were there a couple of months ago is because hong kong is sort of the key hole in the Financial Markets between the east and the west it looks like there are starting to be more than protests on the weekend. Is that something on your in vesting radar, seema it is after a number of the geopolitical risks that already exist. It is concerning to see a key Financial Sector begin to stabilize. From a macroeconomic level, there will be movement to other parts of the asia region we expect it to be a key beneficiary. How seer yourious do you thii might be this rate in hong kong, i get it really deep down there the base rate it has been a big spike. It has almost doubled. If we start to see the Banking System get impacted, then what you raise a serious point it is reacting to a series of concerns if we continue to see that spike, sure, there will be repercussions. This will highlight the fact that it cannot afford another hickup it is not necessarily affecting the way we are advising investors to position themselves in a global sense. That will be a key point for investors. Are you happy with those numbers that had just popped it is a funny story with germany. The negative side means the German Government is less likely to introduce german stimulus thats one of the reasons the market has not reacted as positively as the number expected. Does it change your thesis globally it doesnt. We believe there is a lot of pessimism baked in we believe theyll suffer next year we believe significant recovery. The chinese recovery would stabilize in the economy on top of the valuations for the sector is very, very cheap compared to another part of the world. Weve been advising investors for the time to reallocate to europe this is a work in progress with u. S. china trade talks you do need to watch it closely. Dont just take all of your money and put it in europe right now . When you have got risks, it is not the type to be putting all your eggs in one market. We will still say, look, given these risks, you need to be positioned in the caps that tend to insure late you from the trends around the globe. Principal global investors. Always key to have you on. Thank you, seema thank you the crisis in hong kong continues to escalate. Violent demonstrations in the fourth straight day. Hong kong ceo carrie lam meeting with advisors to find new ways to stem that unrest. Protesters gathered once again in Central District for the fourth straight day. They blocked roads and rallied in yet another lunch time flash mob protest. Antigovernment demonstrators blocking several University Campuses and major transport routes leading to more gridlock. No major clashes have been reported all schools across the territory will be shut through this sunday some University Say no classes for the rest of the year Hong Kong Police confirmed it helped some main land chinese studentsevacuate hong kong to border city by a ferry for those who wanted to leave due to intensified social unrest. When we come back here on Worldwide Exchange, a fiery new campaign aid targeting billionaires it will premier here on cnbc plus cisco sinking despite a First Quarter earning. Later, the bull case for walmart ahead of their earnings. Here with what walmart is doing right. 5 11 dow futures just turned sivepoti but it is 23 degrees we are back after this do you have concerns about mild memory loss related to aging . Prevagen is the number one pharmacistrecommended memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. It nice . Ce. This is the mostawarded minivan three years in a row. The van just talked. Sales guy, give em the employee price, then gimme your foot. Handsfree sliding doors, stow n go seats, man, yall getting a hook up and yall dont even work here. Pacificaaaaa senator Elizabeth Warren firing her next shot to billionaires so senator warren is launching a new attack it will premier today during squawk on the street and mad money. According to a campaign aid. The add takes aim at leon cooperman, lloyd blank bien and peter teal among others. Take a look. It is time for a wealth tax in america ive heard there are some billionaires that dont support this plan. The vilification of billionaires is bull saying he is screwing around with the wrong guy other leaders jamie dimon have also criticized warren cooperman will have a chance to respond today on the half time report at noon the latest on tit for tat between billionaires and kennedy. Cooperman discussing his love for the country. This is perhaps stoking an emotion of a different kind. Still on deck, the wall street journal out with the 2019 airport rankings what cities were the top what were the bottom you may want to look anywhere but around this area 275 million are how many people shop in a Walmart Store on or in an ee con mers platform every week e ocd t to love the company an thstk. Stick around 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. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. So servicenow put your workflows immhm. Cloud, huh . 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. It nice . Ce. This is the mostawarded minivan three years in a row. The van just talked. Sales guy, give em the employee price, then gimme your foot. Handsfree sliding doors, stow n go seats, man, yall getting a hook up and yall dont even work here. Pacificaaaaa welcome back. Cisco First Quarter results did top estimates but cisco is forecasting revenue below forecast cisco down about 5 . Dont miss cisco ceo on squawk on the street 9 00 a. M. Eastern this morning bhp is promoting henry to be new ceo and will replace mackenzie who is retiring. American outdoor brands planning to split into two. Will split its smith and wes on gun business to the outdoor accessories. American outdoor market cap below 500 million given that it is a global gun maker, it has been in the news that stock up about half a percent. Straight ahead, republicans and democrats both claiming victory following the first public impeachment hearing in over 50 years. Getting ready for round two. New figures around wework and what led to the cash crunch. These are big numbers and not in a Way Investors want to see. We are back right after this to keep me moving the way i was made to. It nourishes and strengthens my joints for the long term. Osteo biflex now in triple strength plus magnesium. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Investment opportunities beyfirsthand, like biotech. Ne because your investments deserve the full story. T. Rowe price invest with confidence. Welcome back. 5 23, there is a shot of the Capital Building the first public impeachment hearings wrapped up yesterday democrats and republicans both claiming victory getting ready for round two tomorrow more with jay gray lawmakers taking a break today. The historic investigation feeling more like a high stakes beltway boxing match round one of this heavy weight political fight ill allow the question are you asking President Trump is welcome to take a seat right there. No knockout punch democrats slowly, deliberately building their case. If this is not impeachable conduct, what is bill taylor the chief envoy in ukraine testifying the president threatened to withhold aid demanding the ukraine president open investigation into joe biden and revealing for the first time a member of his staff overheard a phone call between the president and the embassador to the european union. The member of my staff asked him what he thought of the ukraine. He said he cares more about the investigations of biden. Republicans arguing most of the testimony was hearsay. Thats the point, what you heard did not happen it didnt happen and there could be no quid pro quo because the aid was eventually delivered this is a shash and shouldnt be allowed i hear it is a joke i havent watched for one minute he will have a Second Chance to tune in the public hearings continue tomorrow democrats will call the former embassador to ukraine tomorrow the public hearings will continue with at least three sessions next week so this is just the beginning. Thank you very much impeachment is not the only news that matters more of the top stories with Frances Rivera in new york with those. Good morning. Millions of americans are hoping have relief from that arctic blast. The deep freeze has shattered records and conditions have been linked to at least eight deaths. More snow before we warm up. Twice as many people are dying from drug resist dent illnesses. Super bugs are responsible for more than 35,000 deaths. Studies show someone is infected every 11 seconds and someone dies every 15 minutes. The puppy born with an extra tail they nicknamed him narwal. It has no bones. The vet says hes in otherwise good health. Brian, you know unicorns are all the rage any puppy story is a feel good at 5 26 i do want to correct something they are calling it the narwal thats not a horn, thats a huge anyway, hopefully someone will adopt that puppy or maybe well have room. When we come back, why soft bank ceo is making his way to wework in francesco and peloton trying to put the breaks on the stock sell off what they are doing to keep investors interested stick around to keep me moving the way i was made to. It nourishes and strengthens my joints for the long term. Osteo biflex now in triple strength plus magnesium. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. It nice . Ce. This is the mostawarded minivan three years in a row. The van just talked. Sales guy, give em the employee price, then gimme your foot. Handsfree sliding doors, stow n go seats, man, yall getting a hook up and yall dont even work here. Pacificaaaaa back on the hot seat. Elizabeth warren ramping up her battle with billionaires and shes turning to cnbc to make the case for taxing wealth walmart may head above amazon. And why you need the stock all that and more as Worldwide Exchange carries on now welcome back, thanks for being with us on cnbc. November 14, it is cold outside. Warm in here we have a lot of news. Lets see if the markets can remain high. Futures not indicating any new records today. Futures especially at this hour, 5 31 havent been moving a lot yesterday, the dow and s p close again at more new record highs the s p will try for its 21st. Want to focus now on asia. Particularly on china and hong kong there are potentially interesting and Important News there. The hang seng and hong kong, again with protests. Now they are starting to be every single day local business has started to be impacted the hang seng starting to be impacted it has been down every day this month. Wonky but important. This is the hong kong interbank offered rate this is the rate that banks charge each other. Call this the grease on the wheels of the Banking System they make the engine go. As the protests have ramped up, you know what else has ramped up, borrowing costs for the banks. Now at 2. 75 the interbank rate up one full percent in a couple of days. Thats a big deal this market has been this high before back in july when the protest really began to heat up, it spiked but came back down. Now we are seeing that spike once again watch this space, if banking costs begin to rise materially, it could spur the Chinese Government to take action in some form. Lets get a look at other top stories we are following for you. Carl icahn pushing for a union between xerox and hp saying in addition to his 10 stake in xerox, he also owns 4 stake on hp, which could up the pressure to make a deal. Wework reports it lost more than 1 billion in the Third Quarter alone. Expenses out paced Revenue Growth softbank leader will visit weworks headquarters today. Peloton surge following a report the company is planning to launch new fitness gear. A new rowing machine and less expensive treadmill on the docket that is a stock down from its ipo. With unto watch. Fed chairman powell will head back to the hill. He told congress while the economy is generally strong, we are living in a new normal of low rates and lower growth what does he mean by that . We have more on the big time day on capitol hill. Steve. Good morning. Fed chairman Jerome Powells testimony went so well no question the testimony will be in different on day two saying the policy is essentially on hold much the economic out look is favorable. Fiscal policy is unsustainable powell also emphasized that that is not on a sustained course well be watching very carefully incoming data. If developments emerge that cause a material reassessment, well act appropriately. The fed funds future market embraced the out look. Just a 4 chance of a rate cut in december. Only in july, does the chance rise above 50 after three rate cuts and a decision to increase the balance sheet. One question, how low can the Unemployment Rate go im open to the idea that we dont know where maximum employee is. We have to have significant humility and let the data speak to us. The data is not sending any signal that the data market is so hot powell said low growth and low inflation are likely to be the new normal and likely the world of low rates as well is that not received that mr. Powell was not more aggressive with the president and his give me the money comments. Powell is not going to play politics in any way, shape or form senator ted cruz had a lot of questions about wealth taxes he would not enter there he did say the perceived end of fraking would hurt the economy hes done so meeting with congressional leaders more than his predecessors earlier this year, we found powell had met with leaders four times more than others before. The comments about fraking were interesting say what you want about the industry, at the same time as you and i have talked about, the oil and gas industry is so much larger than it was even 20 years ago. If you talk about ending it, not ending it or at least hitting it, you are talking about hurting one of the largest single industries this year that has been responsible for a lot of growth even in tough times. It has been a huge swing factor i dont know that lawmakers really understand how big or important the economy is getting back to powell, hes in a good place here. He keeps using the term, good place for the economy. Hes not getting a lot of blow back hes got his committee with him. Hes given people a lot to get here i dont know that if a fed chairman it gets better than this not given the fact that the president seems to criticize him ever day good times on the twitter circuit. Thank you. President ial candidate Elizabeth Warren launching her attack on billionaires targeting several big names including cnbc regular le