After the bell as originally expected. Andrew has more on that. Okay. Thank you, becky. Ibm sending out an advisory that plans to release the results of their Third Quarter at 7 00 a. M. Eastern time. Well have details on what the announcement could be because the wall street journal says they will play global foundings to take its money losing chip business off of its hands. So the deal of sorts where nobody is buying something from them but they are paying to get rid of it. Ibm is talking to potential buyers, but buyers is the wrong term. Neither company is reporting on this, but well hear more about that in just an hour. No one is going to pay them for it . Exactly. That is not a good way to get rid of assets, right . Usually you want them to buy it from you. But this one is pretty interesting. And mark andreesse in is stepping down from ebays board of directors. He was central to the battle with karl ikan. He says its the right time. He said andreessen made a lot of money he made a lot of being part of the skype transaction when ebay sold skype and they turned around and sold microsoft later in the day. I would argue that the argument was suspicious at the time. All right. One of these days we are going to agree on something. You agree on that, right . I dont know. Just because i said it. I like andreessen and icahn. There are some new developments on the ebola front. Remember it is 21 days, thats how long the quarantine is. Can you imagine that . What do you do for 21 days . There was a story in the new york times. It is very difficult for anyone. It was for friends, family members and 50 other people all who came in contact with thomas eric duncap. That period has come to an end. Duncans fiance and her two nephews did not contract the deadly disease and the paramedics who drove duncan and Health Care Workers, they didnt. Neither did people who processed his blood, all those among the dozens cleared. However, officials have not determined yet how to two texas presbyterian nurses came down with the virus. And now government officials are tightening the guidelines for the protective gear worn by Health Care Workers treating ebola patients. And then the Texas Health Care worker who was a passenger on the Carnival Cruise, which we thought had the potential for just being horrific situation, trapped on a boat with this guy, he was cleared of having ebola. Actually, she was cleared of having ebola. She was a Lab Supervisor that handled a blood sample. She and her husband quarantined themselves. Its bad enough being quarantined. I guess it wouldnt matter, but in one of the small state rooms . They sent a blood sample because belize wouldnt let the ship disembark. They sent it ahead off a helicopter to test it, but i thought you wouldnt test positive unless you were already exhibiting symptoms. No, the test the test is fine at any point . The test is testing for ebola. I thought it was not enough of it until you started symptoms. It is not enough to transmit it but you can test it and come back negative. Then why would we be worried about all the people who were because the test takes time to do the why do we make people wait . How long does the test take . I think on this one, it is not im with becky. I thought you had to be exhibiting symptoms otherwise they couldnt test you and the test could be a false negative. I dont know. And i thought, just from what ive read i can imagine. She never had symptoms or had a temperature because the doctor on board was checking her every day. I can see if you were exposed and lets say you did get it in the first two days, i bet the virus level is so low on the first two days they couldnt test for it. But i dont know when it becomes we were told that it is a high tighter virus, which means it multiplies in massive amounts. To be much bigger. It just sounds horrible, it eats your organs and you sweat blood. We are pulling for the first nurse who was downgraded to fair. We are pulling for her. But they said it will get worse before it gets better for her. But they fully expect her to walk out. Maybe thats just positive, but were hoping thats the way it works. Well tell you about news on the International Front as well. The spaish nurse who contracted the disease after taking care of an infect priest has been found ebolafree after three tests. This is according to the special ebola committee. And nigeria is e bo lafree after six weeks of no new cases. The futures are so far so good. We are looking at green arrows with the dow looking like it is up by about 38 points above fair value. Obviously still volatility moving 12 points in the last couple of minutes. The s p futures are up by four with the nasdaq up nine. Now to broader markets including crude oil prices. The crude oil looks to be up by 17 cents still below 83 for wti at 82. 92. If you have been waiting to see what the tenyear note is doing, keep waiting. Were having a couple problems with the boards there. But these have been some of the things we are watching. The tenyear has been certainly something to move stocks and vice versa. Its been a lot of back and forth. We did see stocks come off one of the most turbulent weeks in years last week. Strategists are ready to call the allclear. Others say stocks could test the lows of the past week. Well watch closely counting down to todays open. Joining us is ed and peter. Ed, are we through the worst of it or should people wait and see . I think we are through the worst of it, no one can know for sure, but i think the worst is probably over. You were a buyer last week . Correct, yes. When . Throughout the week, but the biggest purchase were thursday morning. What makes you think we have got on the the allclear in the lack of ebola headlines that are out there . I dont know whats going to happen with ebola. You had a lot of guests on last week experts in the field, but it doesnt seem likely this is a major market event. It will certainly square people and rightly so, but i dont think it will derail what is continuing to be a bull market. Peter, one of the most commoning influences which is the fed, people thinking qe4 could be im not calmed by that because we had qe1 because zero Interest Rates worked. We had qe2 because qe1 didnt work. Now theyre saying, that all didnt work so well have qe4 that temporarily ended declining stocks. Have you been Walking Around over the weekend like you were swaggering like you were finally right about something . No. Do you take copslation that finally the market did some of the things you have been predicting it to do for two years . And is this a visibilictory for that this only went down six points . I call it as asee it. Does it have more to go . It would need more to go for you to have been correct about all the warnings you have given the past two to three years. Well, i answered the warning of the qe causing a disruption in the stock market. Is this it . This is only the beginning, i believe. Then it is not over. No, its not over. What happens now . Is this a clear shutdown or this would be a lot of wobbling back and forth . The next couple of weeks we can stabilize, but i think over the next three to six months as the qe finally ends, were going to roll over again. This turbulence is happening. We have seen this pattern before. We saw it half qe1 and after qe2 and are seeing it again. This is a central bank inflated global stock market rally that when they pull back this is what happens. I think one of the issues now is we have seen in europe everything that the ecb has announced hasnt worked. They announced june 5th a lot of the big steps and the european markets went straight down. So i think the markets are beginning to question their faith in central bankers ability to not only generate Economic Growth but to look up asset prices. So it could be dangerous in terms of the central bankers influence. Does this make u. S. Stocks look more attractive in your opinion . Europe has been struggling to generate growth for years. So people are looking at this like it is something new. To me this is not new, their inability to generate foreign growth that multinationals can rely on. I can make a case for what youre saying, the temper tantrum was not a big deal was they totally panicked and folded. Last week we heard the beginning of a fold down 5 they were worried. These people think the entire globe is on their shoulders and what they do with their little bond buying and keeping the Interest Rates at zero. Everything we do, our whole future is dependent on them being right about this. Thats a sad place to be. I dont think thats right. I dont think that this rally is solely on the fed. They play a role and they obviously intended to play a role. But they are ready to come back in already. I think that was a signal they could do it if the conditions warrant but i dont think they will. Thats just a hypothetical when asked. Two guys said, maybe we shouldnt. And bollard was formally neutral or hawkish. What they have said clearly is they are not going to tighten policy until they see a much better labor market. With higher inflation it seems up likely given the price of oil and the labor market is improving but still wages havent gone up very much. But they put forth the idea they could, that not ending qe this month. Some people said thats why the market they said it was possible. And then people attributed that to the market getting some stability. I guess in any opinion that just isnt necessary. The economy is recovering. One of the constants on wall street is everybody on the street thinks they would make a much better fed whoever is the head of the job at the time, but i think the economy is Strong Enough that it wont be necessary to take any further extraordinary actions and i think the markets driven by fundamentals, recover are i in earnings. I think well see earnings up 8 or so year over year, which is roughly what well get for the year as a whole. At the end of the year, thats how much stock prices will go up. It really is a fundamentally market pushing the prices higher. Peter, what do you think about the fed . I think we could focus on the fundamentals. You do agree they are pretty good . They are decent, but we are in a 2. 5 economy. So its decent, not great. This is not a fundamentally driven stock market, it hasnt been for years. Now granted, earnings have improved so we would have had a good economy and good stock market without the fed. I think just the juice from the fed has impacted evaluations to the extent that we have overrun the underlying fundamentals. So ed was buying last week, what were you doing and what will it take for you to look at stocks to say these are reasonable prices . If you look at evaluations, we we want into the last month with market capped gdp the third highest since the 1920s. We had priced the sales higher than the price of 2,000. Just slapping a multiple on next year earnings is too simplistic for me. So stocks are expensive and they need to get cheaper for me to find them attractive. How much cheaper . But we are in a vicious circle of the central bankers being so involved and every time they walk away we see a decline. Every time they walk back we see a rally. This is a very dangerous situation we are now in, i think. But again, what sort of level for the s p would make you think, okay, now were talking. I think we have seen what happens if qe1 and qe2, take us down to 1600 in the s p over the next three to six months. Nothing very shortterm, but to me thats a much more attractive stock market. Do you think well see levels like that, ed . No. Last year the dividend on the tenyear was above the tenyear buy yield. So you are potentially getting growth protein sotential stocks. I think we saw when we crossed the line where the dividend was above the tenyear is a rough rally. So i think the fundamental basis for the stock market prices being where they are will trend higher as earnings go higher. Peter, ed, thank you for coming in today. If you cant test for ebola until you have symptoms, how do you ever no, they said this in spain. They have given three tests to how do you prove that you dont ever have it . You improve the if you make it fast 21day mark, which is what they historically believe i think you can test anyone. Any time you want, but if a person doesnt have it, they are not going to show symptoms. So you cant just show people that dont have any symptoms. I dont want know why you have 21 days. But if you dont show symptoms, you technically cant really have it. But they just tested this person and it came back negative. How do you test a person and it comes back negative. Why do we bother putting them in quarantine for 21 days . Why dont we test them two days later and let them go . Maybe we dont trust the test. I dont know. There must be a chance for a false negative. Well, this woman they tested her because she did have it. And now she doesnt have it in her blood anymore is what they said about her. The spanish nurse they tested three times and she did. But the lady on the cruise, it hasnt been 21 days how do you test someone, if it comes back negative, they never had symptoms. You cant wait for symptoms to test someone because if they dont have stymptoms, this doesnt make sense. I dont know. I still question when do you test someone . I believe you test somebody once they showed some form of a symptom. If they showed no symptom they do test people that show no symptoms because they have been exposed to the virus. How do you test someone if they are negative . Why do we just test her and say shes not. Thats what i dont get. Because you can develop it. Test negative one day and have it the next deas day because you show symptoms. We are coming back in just a moment and talk about what investors can expect from apple, excuse me, as it gets set to report results and lawn ch apple pay. Were also figure out the whole situation with ebola. And a viagra a day could keep the doctor away. Well have that story next for certain people. And then on sunday night football on nbc, Peyton Manning breaking the passing touchdown record previously held by brett favre. He threw number 509 with a few weeks left in the first half. Well talk about this as squawk box returns in just a moment. E financial noise financial noise financial noise financial noise a viagra a day could keep the doctor away. It could prevent heart thickening and early stage heart failure. But if you have a heart issue, you are not supposed to take viagra. I thought so, too. Well its, youre distorting it a little bit. They say you need your heart needs to be okay to have sex, but in this case, its like strenuous. Blacklist, the latest version of the nbc show, he threatens this guy by putting Something Like viagra in his drink and hes a heart patient and the guy starts seizing up. As you can see here, thats tv viagra. It worked for me. I was like, wow. The dosages used for heart ailments are lower than those used for erectal dysfunction. The drug prevented the heart from changing shape in patients suffering from a left ventricular hytrophy. This also had no effect on. Blood pressure. Normally you just make sure your heart is healthy enough to have sex because there may be there are people that this guy was really sick was on the patient waiting list. While we are on the issue of erectal issues and ebola, we have a tweeter who says, his name is michael, he says the virus can hide in a mens semen for seven weeks after hes cured but does that show up in a blood test . I have read that. Who knew . It can be an std . You can be a carrier and give it to someone through supposedly. Well do a little more looking into this. The other thing that scared people is that rare cases of blindness people get ive got a friend, and people get flushed and they see blue spots. It increases your circulation. Right. Okay. Lets talk about apple. An apple a day can keep the doctor away. Thats the saying. Viagra a day can probably not keep things away. Anyway, shares popping immediately after the iphone 6 lawn ched in late september but the stock has been falling despite the new Product Launch the last week with Quarterly Results coming out after the bell today. Joining us to talk about is dave garrity of gae research. Good morning to you. Good morning. How much are we going to see show up in this Earnings Report . It was only ten days if i was looking at the calendar properly from when the phone came out to tend of their quarter. True, youre not going to have all that significant impact, but nonetheless you have had some fairly strong indications from tim cook with last weeks launch of the ipad. But they were saying basically records by a wide margin being set for the iphone 6. So even though strictly speaking when we look at the september 30 numbers, we are not guessing a large contribution but the indication and the body language from the company is theres far more to come as we look to the december quarter. Does the street understand the true margin . Theres always a breakdown of the machines when they come out, everybody rips the phones apart to figure out how much the component piece of an iphone costs do. We think we understand what the margins look like these days . The standard procedure being done around every product lawn ch, theres been fairly positive breaks. Namely people thinking that the size, the cost of the screen on the iphone 6plus, 5. 5 inches versus 4. 7 for the 6, that this would be significantly more expensive. But it is only 16 more expensive. We know from the material what is the components are, but what is important to see what the costs are versus expectations. And on that side, apple seems to be coming out somewhat better, which should bottom line have an improvement for the company and stock. We are talking about apple in a minute, but how are you looking at this over the next 6 to 12 months . Apple pay is not strictly looking at the margin contribution which is relatively small. Apple gets a 1. 5 fee off the transactions, but if you get enough transactions, clearly these add up. With regards to apple pay, the number of Financial Institutions and retailers they have signed up and how well this Communications Work in terms of people actually checking out. If its a greater convenience feature with peach checking out of a restaurant or store in less than 15 seconds versus 2 minutes, this could be a great feature. What do you worry about . I worry about the broader economy but perhaps concerns about ebola may be starting to stabilize here. And we have a really benefit from the Lower Oil Prices putting money back in the consumers pockets. We think we do get a good setup for