Bigger bonuses at his office. But there is a catch. Well tell you what it is. Its a great story. A new battle between apple and google and this time google is beating on the latest back to school shipments and the impact its having on the tech giants and their laptop offerings. First lets have reaction to the feds minutes that were released about an hour ago. There, weve done it. No, lets have bob posani tell us about it. Hes tracking the movement on the floor. Not much different, right . The headlines look pretty normal, the case for rate hike as strengthened. That was the headline. The fed risked credibility by not acting, she said that before, so it all sounds fairly hawkish but the market did not react much, even though most people, 70 or so of traders believe the odds of a rate hike are 70 going into december. Mr. Dudley said i think we can be quite gentle as we go in terms of gradually removing Monetary Policy accommodation. In other words, the glide path is going to be very shallow. Were not going to be acting very aggressively any time soon. The market is tending to believe that, so maybe were pricing at a quarter point and not much after that. At any rate, not much of a movement. What has been happening is the market leadership has sort of stalled out. Thats a problem for the market. Look whats been moving. Pharmaceutical stocks have been strong on strong earning potential. Semiconductors have been really strong. Theyre up 60 points and s p oil and gas has been up 1. 20. We were talking about big pharma yesterday, today not doing much at all. I think the possibility of more regulation under a president Hillary Clinton regime weighing on the markets here, but a lot of these in the markets are down 3 or 4 . Also the semis, more weight on them, but the fact that oil isnt doing much, these stocks were down yesterday. Feds not moving the markets much right now, but election jitters very much are. Back to you. Bob, what do you make of this . Its been a disappointment with early names. We get csx today, then we get the news that oil is a mixed bag. Raising rates with a dollar up, too, seems kind of peculiar. Im a little concerned because the early tone, i dont like what i hear. I dont like erickson, you could say samsung will improve but theyre not as high as we thought. Maybe the Global Industries are having some problems and maybe the banks will be fine and maybe the pharmaceutical companies will be fine as well, well see. But right now i dont like the way the tone is starting. Exactly. Thank you, bob, well see you later. Now to markets and its a possibility of democrats sweeping both chambers of congress as well as the white house. Eamon javers has more on that. Eamon . Coming up from a winningest fire from his partys nominee donald trump who has criticized him for being disloyal and trump says hes going to teach disloyal politicians how to win in the fall. The possibility of democrats taking the house of representatives. Leave aside the senate for a minute, thats a different animal. But in terms of the house of representatives, the math is very tough for democrats despite what the situation looks like now. Remember, 435 seats in the house, you need 218 for a majority. There are 17 seats currently up for tossups. Either party could win. You start out with 177 very solid seats, then you look at five likely seats, then you look down the line at eight lean democratic seats, then, democrats, if you look at that graph again, would need to take all 17 of the tossup seats. They would need to sweep all those and they still dont get to 218. They need to start eating into some of those leaning republican and likely republican districts until you get to 218 seats. The idea here is despite what youre seeing politically this week, which is a tough week for paul ryan and House Republicans, it will be very difficult for democrats to take over the house of representatives. You really need to see the floor fall out of the Republican Party going into november, and thats why paul ryan is saying hes recommitting to campaigning for House Republicans going into the fall and what theyre afraid of is that republicans will be so turned off by the trump campaign, mainstream republicans, establishment republican types will just sit on their hands in november instead of going to the polls. That could present a problem and thats where you could see a change in control. Well see how effective paul ryan is in that campaign, because clearly he wants to maintain the majority there in the house. What hell be doing is campaigning for the Republican Party in conservatism, not donald trump. That goes without saying, right . And thats the distinction paul ryan made. No matter what happens, if paul ryan and the republicans keep control of the house, theyre going to likely lose some substantial number of seats. Theyre going to have a smaller majority in january than they do now, and that majority is going to be further to the right of where it is now because the people who lose among the republicans will be those suburban republicans and the hardcore republican districts will stay republican in january of 2017. So youre going to have paul ryan presiding over a narrower and more conservative majority and then trying to tangle with the possibility of a Hillary Clinton white house. That will be a precarious position for paul ryan as speaker of the house. Eamon, thank you. Eamon jav ers ers for us in washington. Joining us, susan fulton from fbb capital partners, cnbc contributor Steven Acosta is with us, and still not over last nights win. A squeaker there. Where do we go now . Not much of a bounce yesterday. The 10year auction was okay, the fed did nothing to this market. Whats going on there . It should be earnings, earnings, earnings. This is a market of stocks, and as a stockbroker id like you to continue to look at the earnings picture. I dont think this is going to be this is i thought the Third Quarter was going to start showing some sort of improvement. I was obviously wrong about that. But, you know, there probably will be some glimmeasurs of hop and i think some will be in the financials. Friday to monday we start seeing regionals. Im leaning toward the regional banks and i think there is a possibility of growth there. Thats what im focusing on. Same question, susan. Are you guys spooked about corporate profits . Im sorry, i couldnt hear that word. Are you spooked it was sort of a halloween pun about corporate profits . Were very worried about corporate profits. The economy doesnt appear to be picking up any steam, and while other members of my firm are disagreeing, i dont see an Interest Rate hike before 2017 because i dont think you can raising Interest Rates right now is raising Interest Rates geometrically. Youre going zero to a quarter. If you do that and the economy doesnt respond well, what do you do for your second inning . Basically you just have to lay down and be dead. I dont see the feds willing to take that chance. I also dont like banks. I think that banks are moving more and more toward being a utility. And in terms of the financial sector, were looking at rg insurance, were looking at the Chicago Commodities Exchange board. Were looking at other ways to play it. Speaking of insurance, rick, the got to 180 and the auction at 179. It kind of met expectations. What did you think of that today . I thought we had two vanilla type auctions, and that to me speaks volumes. Because if we are at a point where rates were an extreme looking to back away or in a range or revisit a range we had in august, i think the investors would have stepped up much more aggressively than they did. The fact that were two average auctions considering the market has already raised rates, people. Ring that bell, markets are raising rates, and investors think maybe the rates are going to continue to go up. And i find it so fascinating that, listen, its political season so everybody is entitled to an opinion of how it affects the markets. I always thought after being on the trading floor, if its really affecting the markets, we wouldnt be debating it. We would see it in big, bold percentages. Havent seen that. To me the die is already cast. Rates are moving up. The dollar finally looks like it believes rates are moving up, and the fed can either go along or the fed can not go along. In terms of the house of representatives, the only thing downstream thats a reality is the other thing that flows downstream. Trying to follow. Susan, can i go back to the c and e for a second . Why do you like cme, susan . Im sorry. Im getting a lot of feedback. Why do you like cme . Well, because its a transaction business. Its not trying to play the market and make money. It just gets its nickel every time anybody sneezes. That will do it. The toll booth analogy that we like so much. Peter, what about oil . What role is that going to be playing . There was a correlation for a while. I was just looking at the price today. Its down a little bit but not Much Movement there as well. I think oil is going to be in a very narrow trading range. I think what were probably going to see is 47 to maybe 60 at the peak only because above 60, a lot of new oil can come on line and theres still not enough demand to absorb that. So i think youre probably going to see a relatively narrow trading range until the end of the year. There might be a little bit of a bump, but this is where were at. We can bounce up and down a couple dollars a week. You could see 50 as a support level here . I do. I think 47. 50 is a very strong support level. I think there is a lot of the nigerians, the russians, everybody who producing oil, they have a real keen interest at keeping it that level or higher. Rick, how much further do you think rates could go . You talk about them looking like theyre breaking upwards. Its a breakout for sure, but its kind of slow moving. I think theres a good chance we get in the 190s or close to 2 , and we will establish a new range, in my opinion, in that area. I dont think there is enough horsepower to go faster, and i think the reaction of Global Equities while this process is moving on will speak to exactly how high rates go. The response in equities has been squeamishness. I think that will overall raise the rates. Dow at 49, s p is up. Transport down 28. Well talk about those earnings shortly. The nasdaqs in the red. Its low by about two points. Next, well go live to moscow where leader Vladimir Putin is knocking down accusations that his government is behind the Hacking Campaign to influence the election. The ceo of one of the largest Railway Companies in the u. S. And canada gives us what we can expect after that bell. Youre watching cnbc, first in business worldwide. Our special today is the seared ahi tuna, and ill be right back to take your order. Thank you. Thanks. Dont you hate that . When they dont tell you how much something costs . And you have to ask . Right. I do. Maybe thats why i always make sure to. Bring up the costs associated with your services. I know. Hey, im nothing if not predictable. Lemme guess, the salmon . Being transparent about our costs. Its a big deal. And its how edward jones makes sense of investing. 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Jeff joins us now. Hi, jeff. Reporter hi. I think this is the first time president putin has really had to take a direct question as to what involvement the russian government may have had in the u. S. Election process. And specifically i asked him to deal with the allegations that they had been involved in statesponsored theft of government emails and had targeted the democratic party. Lets listen to his response. Translator what we are observing, certain hackers have released certain information about how mrs. Clintons headquarters have been behaving during the campaign. They have been supporting one Party Candidate at the expense of another. This was done in the interests of russia. There is nothing there that is in russias interests. Reporter now, i have to say he didnt exactly give a categorical denial but instead said dont focus on who did this but focus on the information that has been released and also the fact that this is not in russias interests to engage in this kind of statesponsored activity. He also shot back with some comments of his own about the two candidates using russia as a way of trying to generate support for themselves. And he said it was inappropriate and he used the word hysteria to deflect attention away from their own problems. He ramped up effectively by saying at this time he finds it very difficult to have any dialogue whatsoever with a current obama administration. Back to you guys. Is there a sense i dont know how long youve been in moscow there, but is there a sense there, jeff, of how the media is playing this story . You can expect the head of state to deny all of this, but is there a sense anywhere in the media that maybe fthere is a grain of truth to russia and the hacking scandal . To be honest with you, bill, its very difficult to draw that conclusion. The media here is largely, i guess, very much in tune with the government line, and they see most of what is being said in washington as a provocative act, in a way, just to try to criticize and attack moscow. So largely when you hear from media here, they will take president putins line and suggest that this is about the poor candidates, as they would describe them in the u. S. President ial race, trying to stop people looking a little harder into their own backgrounds. Now, i guess there might be some people in the states who might be able to understand that point, but largely here, no one, i think, would take the view that the russian government has engaged in any wrongdoing. But clearly, as we know from the state department and other officials in the United States, they feel pretty confident about pointing the finger in this direction over those hacked emails. Back to you. Jeff, the rhetoric out of washington has become much sharper just in the last couple weeks. Its not just the hacking, its also accusations of war crimes in a leleppo. Im wondering what stance putin had to the broadcasting. Reporter i made my point that its been a very difficult week for donald trump, and clearly Hillary Clinton has pulled ahead in the polls, so how would he feel about working with the next administration led by president Hillary Clinton . He was very careful to say he would be willing to work with whichever candidate was ultimately elected, but i think you get the sense, reading between the lines, that it would be continuity of what weve already seen here on major issues, as you point out, like the claim of war crimes in aleppo committed by the russians, talk of interfering in the election process and the discussion about moving Nuclear Technology closer to nato countrys borders. It seems to me this relationship is still very frosty and one can only hope that if it is president clinton after all that some politic takes hold, because i dont think anyone wants to live in a world where were going back to the cold war of the 70s. It would be good for everybody if these two sides were able to get around the table and Start Talking seriously about how to resolve the crisis in syria and how to deal with some of the issues that remain an area of friction between the two sides. Back to you. All right, indeed. Jeff cutinworth, thank you for staying late tonight, my friend. See you soon. About 30 minutes, 40 minutes left on the trading floor. The dow Holding Steady here. It feels like its waiting for Something Else to happen, but it did happen. The fed minutes came out. Its been eightplus hours since the latest political bomb, as he put it. Yes. There is a sense of what is the next one thats going to land . Hedge funds tighten. Steven cohen say theyre shaking up their bonus structure. And well discuss whether other firms will likely follow suit. Up next, though, not a good sign ahead of the Holiday Shopping season. New data shows computer shipments falling yet again. Were going to talk to an executive of a Research Company behind that report, when we come back. What are you doing . Getting your quarter back. Fountains dont earn interest, david. You know i work at ally. I was being romantic. You know what i find romantic . A robust annual percentage yield thats what i find romantic. This is literally throwing your money away. I think its over there. That way . Yeah, a little further up. What year was that quarter . What year is that one . 98 thats the one. You got it nothing stops us from doing right by our customers. Ally. Do it right. Lets get out of that water. [ thats a good thing, eligible for medicare . Ally. Do it right. But it doesnt cover everything. Only about 80 of your part b medical expenses. The rest is up to you. So consider an aarp Medicare SupplementInsurance Pl