Say. Nikkei did not lose. That would be war or something. Okay. Lets also take a look at europe. You see the early markets there. The dax and the cac are slightly lower. The cac is essentially flat. Ftse up. 50 . Check out crude this morning, this is going to be interesting. This comes after the largest weekly draw down in crude stocks. Crude oil was higher yesterday during the session. When that news was released after the close of the session, wti traded everyone higher in extended hours, up another 1. 8 to 46. 32. New data from the American Petroleum institute showed a surprise plunge in u. S. Crude stocks of 12. 1 Million Barrels. That would be the largest one week decline since 1985. Couple other big stories were watching this morning. Hewlettpackard noncore with british micro focus. Hp at 21. 98. This is all part of hp to try to focus on areas like storage and networking. Reporting mixed results. Firm oos Current QuarterEarnings Guidance met expectations in a program note. David faber has an interview with hpe Ceo Meg Whitman at 9 00 a. M. Intel announcing spinning off Cyber Security dwugs. Formerly known as mkafi. Own 51 of the firm. Values it at 4. 2 billion in total. One more final deal to report. Liberty media buying racing formula one. Told you about it yesterday. Liberty which is owned by billionaire john ma loan has stakes in several Sports Entertainment businesses. For now liberty will purchase a Minority Stake in the motor firm. It will fully take over the whole thing after regulators give the deal the okay. I want to say formula one runs on friends channel. This is what we think with monte carlo and stuff like that. Cars too. Im thinking of euro sport. I think its on one of those. Dont they use formula one cars at indy . I dont know enough about that. I think monte carlo and places around the world they go around the actual street. Is cool. Before i get to stocks to watch. Nasdaq hit a new high alltime high yesterday. Yes. Dow theory, charles dow, do you know when he lived . No. Do you know when he died . 1902. So transportation, the dow transports, they had rallies. Transports did great yesterday. I want a new dow theory. If he was around, hasnt technology become more i understand how transportations are important too and things need to move and i know how that works, but if there was a new dow theory, it would have to be the nasdaq breaking out the alltime highs if other things confirm it, that would be a bullish signal. Again, the dow transports did very well yesterday. Rise in the airlines. And its quiet. Too quiet. You like quiet. Because youre never short a dull market. Are we there . You know weve been going up since brexit and ive been talking about that since then. Kwhoev is a 2100 do you see where we are . The futures are 2188 now. They can say oh, 88 s p points. Its 88. They have this week. I love that though. Im really, really bullish, but my target is 2100. How do you lose on that . I was bullish as it was going up. Then if it goes, i said its. Youre talking longterm. If you get to the end of the year. Whats the current in forecast. Whats the kernen forecast . If we get were you here . Youre so shortterm oriented. Youve never invested money for people. You have to i remember what i say. Heres what i was saying. Youve got two years. Two years ago we thought it was going to go up, up, up. Two years later it consolidates. We have rolling corrections. Earnings improve all these things happen and were totally flat and people say were overvalued. They didnt say that two years ago. People are so focused on whether or not the fed will raise rates. They always are. Number one, would that make a different if we got back one or two. Thats the biggest question. If Interest Rates go up a quarter of a percentage point. Does that matter . Whats to say theyre going to . Right. And by the way, most people think if they do it, its one and done anyway. Richard fischer is on today. He thinks that should be raising rates. All those comments trump made about an artificial market, its hurting savers. We said the same thing. Hillary is like you should never say anything about the fed. Youre trying to influence. Saying rates have been low for too long. Theyve got to take these ridiculous stands and yell about it. Although it did make me when trump was on with us, he talked about. He liked low rates. But he said he also wouldnt keep janet yellen. Thats uncertainty. If hes going to cut taxes and spend all this money or infrastructure, youre going to need rates low. You look like you have indigestion. Are you excited about brine moynihan. Im fine. Participate. What do you think . Participate and talk about these things. Maybe this will get you going. Pierre one. You cant say that without thinking about the shipping problems. And the 14 million of good sitting around. Pier one says the board and ceo have agreed to part ways at the end of the year. Smith has led the company for nearly ten years, during that time i had no idea he was running the company. He has been. His name is alex smith. Also forecasting a Second Quarter lost. Same store sales fell more than 4 . Tractor supply, cutting guidance. Blaming the prolonged decline in oil, gas, coal production. Appears to be hurting customers living in Energy Producing states. Thats a huge drop. You wouldnt think of that. You would think it with grain prices, but not necessarily. A huge part of that stores probably operate in south and southwest and the north. On the way to ohio, we stayed at a place across the street from holiday in express was a Tractor Supply company. Looked like a fun place. Overall, have you ever had a pair of overalls. Orb gosh by gash . You said it. You know who you sound like and look like, ebb. Do you remember eb . No. Do you remember ava . Oh, this is green acres. Green acres is the place to be. Juno therapeutic says drugs could be more effective and less toxic. New study funded and conducted. This is what you wanted to get to. I am excited to talk about am i interested in a topic this morning. I am very interested in this topic. Tell me why. They got rid of the headphone jack. Thats it. Its going to be more than that. We have a guest. Were going to talk about it. The new wireless thing is really good. I dont know about that. Really . Thats what we should talk about. Plus it cost 149. Hole td the phone. Hold on. Apple unveiling the any iphone 7 among other products at the tech giants annual fall keynote. Here to break down highlights, tech reporter with the new york times. Good morning to you. Help us through this, you can probably hear, lets do the headphones thing first for joe. You have to buy the headphones. 150. What . They used the give them to me. Actually the headphones are 160. They do come with headphones in the box, still just plug into the bottom of your phone where you charge the phone instead of the headphone jack that we used to have. You will still get earphones. You wont be able to plug them into anything else, like the seat on your airplane. So theres that. Then the other piece on the headphone thing thats worrying me is i could lose the little adapter peac eer piece, right. Yes, everything is small ask easy to lose. If i buy the 160, theyre just little buds without anything. You think this is going to be a successful product . The headphone piece . I dont know that the ear buds are going to be successful right now. Theyre trying to get us used to a product that doesnt have as many wires. Starting with the ear buds. People are producting next year or soon after introduce a Wireless Charging system. They want to get interested in a Wireless World as they want to connect all these products together in ways that are easy and seamless. I get that. Arent they ahead of the curve meaning a little too far ahead of the curve. Like the product is not ready yet. Theyre trying to be. At the same time Wireless Headphones have been around forever. Theres things going on with the phone. Water resistance other smartphone makers have done in the past. Theyre pushing us a little further than we want to go at the same time. Give me a little hope. I was trying to be excited about this yesterday and wasnt as excited as i wanted to be when i finally saw the actual. It was much anticipated. It was and didnt live up to at least my own personal hype. This is the iphone 7. Traditionally they do the six and then they do a middle stage version of it the next year and leap the frog ahead. My question for next year is become the iphone 7 something or iphone 8 . Well, next year will be the tenyear anniversary of the iphone. They love anniversaries. They like to do something big. I dont know what theyll call the phone, but thats when people are predicting bigger bells and whistles and a product to wow you more than this one did. Last question, watch, i was waiting for this thinking this would be my big chance. I didnt want to buy the first one. Always buy the second version. I didnt get that excited about this one either. This one, i swim so i love it. I love the idea of it. You can take it into the pool and all sorts of fitness tracking for it. Really starting to refine the message around the watch. Its about health and fitness. Did the pip with nike. Made this waterproof. So if health and fitness are things you care deeply about, this is a great product for you. Its also expensive as with most things. 369 and most americans dont own smart watches now. Only 14 own a smart device and watches are a tiny subset of that. Tiny market and trying to get ahead of that as well. Thank you for your perspective. Were you disappointed . Am i wrong to be disappointed. I dont think youre wrong to be dispointed. The blog has leaked every single new thing. Werent any surprises. Sort of a letdown if youve been reading the apple blog, you now what was going to happen. And people are waiting for a bigger, better device. So they race all the way to monte carlo. Youre back to formula one. Remember the great racer, he was a seventime champion. For almost every year he lead athletes around the world. It was lucrative then he had a skiing accident. Likes to go fast. 2013 had to retire and its unclear. Formula one is pretty cool. Think about the streets of monte carlo and i dont know. Go back to cars too. Back to the animated whats his name . Owen wilson. Who is the guy who is the italian formula one car . Cars two was horrible. Frwe should tell you about politics and whats been happening. Donald trump and Hillary Clinton taking tough questions on defense and security at last nights commander in chief forum on nbc and president obama wrapping up a speech in laos. John harwood joins us. Reporter good morning, becky. The commander in chief last night moderated by matt lauer under scores the asymmetry of this company. Hillary clinton has been in politics for a long time. Shes been serving in the National Security realm. She has a record. Matt pressed her on the issues surroundinger email. Around her vote for the iraq war when she was in the United States senate. She was put on the defensive by those questions. Donald trump on the other hand has not served in public office. Not surferved in government. He can say whatever he wants including things like he had opposed the war in iraq before it happened. There isnt any evidence of that. And, in fact, theres some statements by donald trump that support that indicated he supported what was going on at before it happened in 2002 to howard stern among others. Nevertheless, if you dont have a record, you can say what you want. Among the extraordinary things donald trump said last night was he praised Vladimir Putin. He pointed to his 82 Approval Rating in russia. Of course thats an authoritative country. Said Vladimir Putin was a better leader than president obama and said that president obama and Hillary Clinton had reduced american generals to rubble. President obama was just asked about that at his News Conference in laos, and heres how he characterized donald trump. As far as mr. Trump, i think ive already offered my p and l. I dont think the guy is qualified to be president of the United States. Every time he speaks, that opinion is confirmed. Reporter that was as specific as he got. Didnt address any of the particulars. Indicative of the kind of dialogue were going to have for the next two months with democrats casting donald trump as fundamentally unfit and trying to navigate the arguments that donald trump is making, guys. John, i know that early voting in some states opens in just a couple of weeks before even the first debate that comes up a little later this month. How is that different than in years past and does that mean the way people are kind of feeling right now is going to have a bigger impact than it would have in years past. Well, early voting, becky has been growing in this country for quite a long time. The longer people get culture to it, the more a vote gets cast early. In some states a majority of the vote. In oregon, its a mail ballot state. All of the state is cast by mail. That changes the campaign. Before the debate takes place and a lot of the Campaign Messaging and voter turnout operation is geared toward the early vote, and theres a rolling process as we get cloesz closer to election day. A well organized campaign. Knows how to navigate that. Thats going to be an advantage for Hillary Clinton because she has more of a cohesive team. Donald trump has indicated he doesnt believe in a lot of tv Data Analytics and the particular turnout methods that people have used in the past, but he does have the Republican National committee to try to provide some of that for him. John, thank you very much. Well see you in just a little bit. You bet. In the meantime, donald trump addressing news that mexican finance minister resigned in the wake of controversial visit to the country. Finance minister playing a key role in orchestrating trumps trip. If you saw what happened in mexico the other day. Went there. Had great relationships. Let them know where the United States stands. Weve been badly hurt by mexico both on the border and taking all our jobs or big percentage of jobs. If you look at what happened. Look at the aftermath today. The people that arranged the trip in mexico have been forced out of government. Thats how well we did. Mexicos president was criticized for not being forceful enough and rejecting proposals by trump and controversial comments about mexico. The loss of the finance minister there is a big blow for business. Responsible for bringing a lot of American Investment down. It was seen as the brains behind the openness in mexicos market. President , none to popular for completely different reasons. For scandals in his own administration. Yes. They were angry he didnt push back on trump when he said the issue was never brought up. The issue of the wall. Giuliani said there was an agreement not to talk about that that was broken by the president who was probably trying to save faith with the mexican citizens. Arent they our second largers trading . Were going to get along with mexico no matter who becomes president. The Common Threads that ran through that News Conference down there, i was gratified hearing. Theyve got their own problems on the southern border. Got problems with drug money coming in from the north. The finance minister was really key in orchestrating a lot of things for that administration. Im sorry to see him go. No act of kindness goes unpunished. Coming up, an exclusive interview with brine moynihan and the health of the bank. The political environment and the feds plans for Interest Rates. Theyre going to keep them low. Thats at 7 30 eastern. Well be right back. Remember here at ally, nothing stops us from doing right by our customers. Whos with me . Im in. Im in. Im in. Im in. One, two, wait, wait. Wait wheres tina . Doing the hand thing . Yep we are all in for our customers. Ally. Do it right. Welcome back to squawk box. The ecb is set to release latest decision on Interest Rates. Cardiolo coming at 7 45 eastern time. That will be followed by News Conference of mario draghi 8 30 a. M. First time filings for unemployment are expected to tick up slightly. Then at 3 00 p. M. Well be getting the latest snap on americans borrowing habits with Consumer Credit figures. You can look for results from skbarns noble before the opening bell. Planning uncertainty waiting for the feds next decision. Got citigroup out with new report on different markets scenarios under a clinton or trump presidency. Im more interested in christmas forecast anyway. Maybe well talk about it. Im glad city has a view hillary is going to win. Did you think brexit was going to stay . We didnt think brexit would be there. It was a high probability. High probability of what. Started with 30. When we got there it was close to 50. People kind of ignored the polls that it was a very close decision. The actual result was nice and easy. Im going to get to christian. We have Steven Whiting with city. And chris, hes chief investment officer. So youve got this will be simple for me. Four main things to talk about to dictate how we should invest. Absolutely. No rate hike in september, not even december. Neither one. None. I think the Global Environment for policy support is going to be with us for a long, long time. That is really good for Global Equities and because wonder yields are low and that shorts prices in equities. Thats not necessarily consensus thinking. Global equity markets continue to do well in a low rate environment. Seems simple, but everybody