coventry made it very easy. i just couldn't have asked for a better experience. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. it is 5:00 a.m. at cnbc. here is your top five at 5:00. searching for direction. futures flat as the s&p comes off the best day in more than two weeks. energy crisis. power prices in europe surging to multi-year highs. exeperts say the situation is likely to get worse. and the house passing a sweeping plan to raise taxes on the companies and the wealthy. and moderna out with trial data making its case for another jab. and liftoff.

spacex making history. it is all happening on this thursday, september 16th this is "worldwide exchange. good morning, good afternoon or good evening. welcome as always from wherever in the world you may be wa watching i'm brian sullivan thanks for joining us on "worldwide exchange. let's get a check of the markets and your money after nice gains. all averages gaining nearly a full percent futures not as optimistic or as much direction nasdaq futures down just a touch. you see it is yom kippur trading volumes may certainly be reduced. all this coming as oil and gas stocks surged on wednesday in part because the price of natural gas just took right off. gas up more than 5% at one

point. ending up nearly 4% to $5.50 per btu. natural gas is now up 120% in just six months. that's going to impact a lot of things, including your winter heating bill or the cost of air conditioning in the next few months we will get more on what is happening in gas and why it is worse in europe in just a couple of minutes natural gas down to $5.40. speaking of overseas, the asian markets closed shanghai and hong kong down 1.5% casino stocks getting crushed again. all amid the government crackdown on the sector. a lot of concerns for investors. those stocks did not rebound sands china down another 8%.

wow. the early trade in europe is higher for the most part germany and france up more than .50%. little bit with of divergence with the asian markets and europe markets more on the markets in a moment. let's get you caught up on the headlines happening, including the democrats moving one step closer to a $3.5 trillion pendingspending bill a to pay for it. bertha coombs is here with more. good morning >> reporter: good morning, brian. let's start out in washington where the house ways and means committee passed the sweeping tax plan to raise taxes on corporations and the wealthy all in a bid to pay for president biden's $3.5 trillion spending bill. here is ways and means chairman richard neal >> our attempt is not to redistribute wealth or blame

successor cushion novation, but to broaden opportunity >> reporter: yesterday afternoon's committee vote f fell along party lines democrats have to negotiate within their own part with big disagreements with the house and senate in corporate news, moderna releasing more data in the study of the covid vaccine the finding support for a push of wide use of booster shots moderna found breakthrough cases of vaccinated people getting covid happened less often among the trial participants who were recently inoculated. in the meantime, check out the video of the all civilian launch the inspiration 4 crew lifted off from the kennedy space

ce center the team will spend the next three days orbiting thie earth t 360 miles above the planet no american has been that far into space in more than a decade the crew will return to earth this saturday where they are expected to land in the atlantic ocean off the coast of florida brian, are you itching to get to s space? >> i would do it 100%. i know morgan brennan is ahead of me. i would, absolutely. i feel i have done most things on terra firma sdp. >> i still have plenty of places to go on the planet. i don't need to go to space yet. >> there are supplies places ie to go. disneyland

morocco. places like that bertha, thank you. right now, let's get a check of the markets and potentially good news about the rest of the year according to the investment group research, in years with the s&p 500 made the gains we have this year, the index tends to go higher the rest of the year in other words, history is on your side. that's not always what happens let's talk more about it with vance howard ceo at howard capital management history may be on our side it feels like with all of the stuff happening in the markets an a and all of the stuff with the fiscal cliff, it feels like we are more on shaky ground more than the year. how do you see it? >> when we look at the nasdaq and s&p, it looks tired to us. no way saying the trend will not continue to move higher.

we firmly believe it is. the saying is don't fight the fed. don't fight the trend. that doesn't mean we are not due for a correction or pull back. i clearly think we are nasdaq and the s&p have been marching forward day in and day out with meaningful pull back or correction the correction is a positive thing. it needs to happen from time to time. >> if we get that correction, which we have not had. obviously the pandemic hit 18 months was the first time, i don't want to call it an artificial correction, but it was related to something bigger than the stock market itself is that a buying opportunity if you are in it for the long haul, you are supposed to buy lower. >> we tell our investors all the time, any pull back, as long as positive, is a buying opportunity. you see us buying if we have one.

we haven't had one in a long time there is a lot of opportunity still out there that things are not that far overextended. small caps and bio-tech. i was looking at intel this morning. it is looking positive to us on the short-term basis, it is making higher highs and moved higher it is a great turning trade. maybe up in the mid-60s. maybe pushing 70 >> watching intel. are you bullish on other technology stocks or just intel? >> i have been bullish for some time it has been an ugly trade. you look at the chart. it is doing what we wanted it to do which is move higher and make us money we like the semiconductor trade and we think they will move higher toward the end of the year it hasn't moved as high as the other indexes. we are very bullish on the semiconductors the intel trade is looking more

positive catching the turns down on the trade that looks like it wants to move higher it is a good trade. >> if you like semis, we have interesting data in the insider buying segment on one name in the space coming up. it's what we call a tease in the business vance, i heard you reference small caps they were hot earlier in the year and cooled way down they are starting to show signs of life as well. where do you stand >> they came out the first of the year and looked terrific for the past seven or eight months, they are doa, dead on arrival. they are building a classic pace here brian, the funny thing about small caps, they sit and do nothing for a long period of time when they decide to run, they are like a horse and run fast

sdpfast >> how do you play it? do you buy etf or russell 2000 >> vbk vanguard small cap growth. trying to pick out the next great is a challenge buy the basket vbk is setting up perfectly. it is a classic o'neal breakout. if we get that, we get a good run. you can make the cash register ring on a short-term basis. >> they tend to move hot vbk. intel. real world ideas i appreciate it. vance howard have a great day >> thank you when we come back, this morning's big money movers, including a huge trading debut for a shoe company backed by that guy roger federer. plus, have you finished your

christmas shopping yet it may sound ridiculous, but it's not we'll give you another reason why coming up. later, a special thursday edition of insider buying. the look at the ceos snatching up shares of their own companies. one semiconductor company tops the list we'll tell you more when we roll on right after this. and they want it all personalized. with ibm, you can do both. businesses like insurers can automate it processes across clouds. so agents can spend more time on customer needs. and whatever comes your way, you've got it covered. saving time and improving customer service, that's why so many businesses work, with ibm. this is how you become the best! [music: “you're the best” by joe esposito]

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welcome back time for the big money movers. three key stock stories of the morning. stock number one is ea electronic arts. delaying the launch of battle field 2042 only by a month. it will be released november 19th they are blaming pandemic challenges stock up 2%. number two, on holding who? this is the shoe company backed by roger federer shares soaring more than 47% in their nyc trading debut yesterday. it is valued at $11 billion. up 2.5% in extended hours. stock number three, cisco systems. credit suisse upgrading with a $74 price target the long-term targets are rather conservative that stock up more than 1% right now. there are still 100 days

left until christmas and 73 to hanukkah have you finished holiday shopping yet i know it is a weird question, but it may not be. shipping and supply chain problems from the products are so bad, they may not be able to make it to stores before 2022. in fact, a new survey by kpmg of more than 100 executives found 82% say they are concerned there will be shortages of toys and other inventory this holiday season let's talk about this with james zahn insider at the toy insider james, welcome back. i remember being at the docks at the port in south carolina in late february of this year i was talking to the gentleman who runs the port. he he said shipments of christmas ornaments of previous year were still coming off the boats two or three or four months

late what do you expect to happen this holiday season? >> good morning. we are running into some of that same stuff right now this is a situation unlike anything that we have ever seen before with toys or with consumer products just in general. we're in the midst of the jam-up that start the last summer when the factories reopened following the first pandemic-related closure period basically, it has been a ripple effect through the entire chain both internationally and now domestically this stuff, if it gets out of manufacturing and finds a container, which are very expensive, gets on to a vessel, and they are sitting up to 40 ships off the west coast by the port of l.a. and long beach. waiting for dock space we get them in here and they have to be unloaded and shortages of workers and people

get sick and truckers and rail this is now leading to regional issues there's regional outages with toys where empty shelves in one city, but stocked somewhere else because there is no way to predict when this stuff gets there. when it does get here, how it makes its way to all of the stores at the same time. it is almost impossible to target this. >> yeah. as we showed back in february, a lot of the containers which used to come off the ship in asia and go to the interior and fill up and go back, are shipped back empty because it is more profitable for them to go back in line. you got your hot 20 toyless coc toy list coming up we are not trying to incite toy

panic. we joked get your holiday shopping done sooner >> we say shop early to avoid disa disappointment i'm there with things with two little girls you want to shop early, but not too early. some of the stuff is not even here yet there are things, too. we prepped this hot 20 we have been looking at toys for months there were things that were great, but we had to nix it because they will not be here for the season hopefully those products will be abundant there is no way to predict this. this is a dice roll. you might find it at your store today and tomorrow it may not be there. it might not be restocke until january. there were stock delivery dates

from november and december and now january. you mentioned it earlier an early hanukkah this year. two days after black friday. that kicks off and then christmas is coming. it will be really interesting and, of course, there are options out there. a lot of stuff that is available in u.s. warehouses and we went to a trade show in minneapolis back in august which is all of the independent toy stores the two big questions that everybody was asking is what do you have in stock and how quickly can i get it we identified more than 100 companies that do have products in stock in the u.s. and fast ship we put together the get list for the trade publication which is the toy book that's a free resource to connect to retailers >> is it stuff that people want, james? i'm sure there is a lot of

stock. >> correct there are some things out there that could be considered new/old stock that is maybe disc discontinued, but still cool hot products there are some then this is creating the renewed focus on things that are made here in the u.s there aren't a lot of toys made in america there are some we're starting to see a little bit of a return to packaging because of the container rates off the charts, what is happening, some of the smaller toymakers are starting to pack those containers with goods that are not totally finished they are not in the retail packaging. they get them in and packaging and sfineal assembly here that is not scaleable or sustainable. you know, the light bulb is going off for people this is something we might want to look into

inflation, labor, when will it end? nobody knows a year two years? prices are going up. >> maybe reason to bring more manufacturing back to the u.s. that, of course, james, as a father, all that weird packaging they do in china where it is the super vacuum sealed plastic and 7 72 ties. you have to use industrial scissors to cut off it and break your finger. james zahn, thank you. send us a preview of the toy list >> will do take care. >> a big story you have young kids. you want the hot toys. don't wait. still on deck, get ready to breakout your card not your credit card america's biggest county says you need to show your vaccination i.d. to get into a bar. details from l.a. when we're back

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stories which include things like password list protection, l.a. bar requirements and another nutty get away bertha coombs is back with that. bertha thank you, brian microsoft users can sign in without a password requiring the authenticator app or a security key or one-time code telling the verge that the increasing number of cyber attacks as well as hybrid workplace world influenced that move further south from silicon valley, los angeles county will require proof of vaccines at indoor bars. proof of one vaccine dose will be shown to allow entry. by november 4th, full vaccination will be mandatory.

if you ever wanted to go camping inside a giant peanut, who hasn't, now you can. planters has a two-night stay in the nut mobile you can enter starting tomorrow for the whopping price of $3.50. the price of the jar of peanuts. a kick check of the top trending tickers on cnbc.com 10-year as usual up above 1.31 amc entertainment and prologis and tesla and apple. brian. >> i have a lot of questions about the motorhome. the inside i don't know if we can run that video again. the inside looks a little bright what do you think about the decor? >> the whole thing looks a little bright. >> the nut mobile. >> well, you know, as long as

they have peanut butter, i'd be in crunchy. smooth is okay, but i'm all about the crunchy. >> that video -- i don't know. it looks like a toy. i don't know if that james zahn guy brought that in. a good value bertha coombs. >> i guess so. nuts >> depends on where the nut mobile goes. bertha, thank you. coming up, could the heat actually turn off for millions of people in europe this winter? we will talk about the growing power criesis. if you haven't already, you can listen to "worldwide exchange." atrmsing any major podcasting

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will the everything rally roll on? the dow and s&p putting a stop to the september slide futures appear to be losing steam. could europe actually run out of steam and power this winter what is behind natural gas huge pricing surge and what could be a long, cold winter overseas.

and sometimes it pays to believe in yourself. the chat site seeing the population soar on buyout bids it is thursday, september 16th this is "worldwide exchange. welcome or welcome back. good thursday morning. 5:31 east coast. thanks for joining us. let's get to it and check on the markets and your money after nice gains for nearly everything on wednesday averages gains a full percent. mutes are muted. it is yom kippur we might see trading volumes on the lower side all that with oil and gas stock surged because the price of natural gas took off nat gas up 5% at one point yesterday. up 4% ending the session

$5.50 for btu. natural gas up 120% in just six months wow. let's get a check on the cryptocurrency as well ethereum and bitcoin also had nice days on wednesday we told you it was the everything rally we are seeing both higher right now. ethereum is up $36.27. bitcoin above 48k. more on stocks and the market soon. there is more going on than the markets. let's get an update on what else is happening with bertha oh i'm going to be bertha all right. discord's valuation has double thanks to the new round of funding. the digital chat company pulled in $5 million in the latest round. that puts the valuation at $15 billion. up from the $7 billion based on

last year's funding round. this comes as several companies approached discord about the acquisition this year. including microsoft. it has a $12 billion recorded bid. and one in the nft platform accused of insider trading opensea product featured on the home page of the platform and reselling after highlighted and the price already went up. opensea acknowledged the incident in a blog post. conducting an immediate review on the matter. staying with crypto. protesters in el salvador burning a kiosk. the video circulating on the

int internet the adoptions face criticism within the country over the rapid manner in which it was approved brian, what do you think about that well, i don't know people in el salvador not buying bitcoin right now. back to you, brian all right. let's get more on the growing story on the global energy markets. recent price on natural gas, particularly in europe if you are not paying attention to this, you should be wholesale, natural gas prices gone to par abolically record highs. first, the recent storms impacting u.s. production and increasing competition for gas also, lower supplies of gas to europe from russia was also a recent fire at the uk power plant and the shortage of power is not made up by renewables

because literally the wind stopped blowing in europe this summer wind power not producing as much half of what was expected. the question is, could there be shortages of power this winter europe ole hansen is joining us now ole, i'm not sure if i have ever seen this kind of run in this short of a period for a commodity like nat gas how about you and where do you see it heading >> good morning, brian you are right. this is a parabolic rise in a short period of time as you mentioned several things have gone wrong this year in the europe power market. it really is a critical one when you see an essential commodity rise to this extent. it is impacting everyone from consumer to industry

it is really in the last couple weeks it started to dawn on people what is going on. it is -- in the u.s., we have the national gas futures contract we understand it the european gas market is archaic and difficult for laymen to understand. these developments are attracting attention the question is obviously what the future holds we have to understand that victims of the transformation focus because what is happening when we have to reduce the amount of coal, we move toward gas and stable gas supplies. we look toward wind and sun. when the wind, as you mentioned, as fallen off, in terms of the supply, we saw the danish company, offshore power companies, had a horrible quarter because the wind has ann'tan n hasn't blown

you have to buy up coal and you have to buy more emissions contracts. that is driving up the price it will would be an interesting winter it depends on the weather. if we will see another cold winter like last year, we may have a problem >> yeah. let's hope for a warmer than expected winter because to your point, ole, a lot of consumers, by the way and correct me if i'm wrong because all countries do it differently here in the u.s., we have more dynamic pricing. a lot of consumers in europe are on a fixed contract for power costs. every six months it resets spain, not that way. in fact, a lot of spaniards are angry. bills have soared. doing laundry at midnight to keep the power bills down. if this continues, and when those prices reset, there could be a big deal for consumers as well either not having enough heat or paying out the nose for the heat

they're able to produce. >> you are absolutely right. the impact right now is not felt as hard as it will over the coming months if these high levels continue because the contracts will roll off and extend into the higher prices. it will impact we have seen the industry with the input costs. it is also adding to the worry that the growth which we have seen in europe with the post-pandemic growth sprint could become a little unstuck here and the climate change and the green transformation is a key source right now, the competition for gas -- in the u.s., the gas price is stuck in the $2 to $3 range which is amazing for the important commodity. now the competition is heating up china wants to reduce its

emissions. they are turning to more gas instead of coal. the global competition is fierce that means if you have an lng ship, you will be busy >> names like shaneer may have a huge benefit we have seen the spike ole, this is the wave of the future it shows you have to make the timing right, correct? the fact that coal is shutoff, but desperate for coal and the wind didn't blow hydro power in norway hasn't done what it is supposed to do leaders there and a climate summit in scotland a 12-day summit at the end of september and early october. we have to manage this transition that doesn't ha harmconsumers. >> we are indeed if this continues, we are

getting to the point where politicians are worried about blackouts than climate change. that will be a focus point over the coming weeks you are absolutely right the transition needs to be gradual. at the same time, you need to look at other alternative sources. nuclear power is still something that is strong in france it is in the u.s it is growing in asia. we have seen the power plants decommissioned over the past decade i think that is really in order to achieve that base load, that is required on the days where the sun doesn't shine and wind doesn't blow, that is one of the sources that i think will be renewed focus on especially in europe >> let's hope we are not a cold winter ole hansen thank you. coming up, from fossil fuels to renewable energy and speak to the ceo of one spac that is making a big bet on that sector.

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i'm 53, but in my mind i'm still 35. that's why i take oste bi-flex to keep me moving the way i was made to, it nourishes and strengthens my joints for the long term. osteo bi-flex, plus vitamin d for immune support.

at verizon we want to put the power of 5g in the hands of every business. osteo bi-flex, plus vitamin d so come in for verizon small business days. every butcher, baker, and artisanal cheese maker. schedule an appointment with our business experts, and get up to $1000 off a 5g phone. because every business deserves better. welcome back we just talked about fossil fuels. let's transition to the discussion about transitioning to a more renewable power. a spac, athena acquisition, merged with a company called heleogen started by bill gross. not that bill gross. the other bill gross we have phyllis newhouse with

us she runs the only all-female spac and only black woman to run a spac a member of the forbes 50 over 50 phyllis, i don't know if we have time for the nterview. >> we have time. good morning good morning to you. >> that's a long card. that's many linkedin profiles. phyllis, great to have out the program. you heard the previous segment let's talk about this. bill gross, the idea guy, not the bond guy coming up with the idea to target solar power what did you see in heleogen that made it attractive to your spac agenda? >> we had strict criteria. we looked for a strong technical component. bill checked every single box.

our spac had a lot of technical expertise. we with wanted to work with the company that could bring something to the table i'll tell you what was exciting. we found that bill gross was solving an old complicated problem. he was using ai and other technologies to make solar wind and solar power more scaleable and less dependents sun shining or the wind blowing. we were looking for something that was going to be very disruptive in the energy we believe this technology is very disruptive in the industry. >> yeah. it is not just about solar it also is solar to use what they call green. there are different types of hydrogen and it is 5:40 in the

morning. without going into the science, we don't want to bore our viewers back to sleep. the renewable and sustainable kind using it to power that phyllis, maybe the power of hydrogen is not reported enough. >> absolutely. it is a technology that is more efficient and economical the ultimate goal is to replace fossil fuel and have it powered by the sunlight. if you think of heleogen, they sold an old problem. they found a way to use the events and technology to solve that very, very complicated problem in the industry. >> yeah. also, you mentioned ai artificial intelligence.

your back ground 22-year army vet cybersecurity and i.t. as well you have both the military background and cybersecurity where do we go on policy regarding all these hacks by foreign actors that we are seeing, phyllis? if you can shutdown the biggest pipeline in the united states in your back door of atlanta? we need that to come from atlanta to new jersey. what policy changes do we need to make? >> i think or i think we will see more strict governance and compliance with companies and holding them accountable i would give you an example. within the last two years, we have seen over a 7,000% increase in ransomware attacks. why is that happening? you look at what happened to the world. it changed we went to a rapid work from

home and remote and the largest organizations were not prepared for work from home that created a lot of problems with networks and not having strict health or hygiene with net networks what i see for the future, i see a lot of governance and compliance to hold companies accountable. if you look at the cyber field alone, there is a shortage in this bill as well. you are having 7,000% increase in cyber attacks i think you will see stricter gove governing. >> multi-thousand increase shutting off gas if that doesn't get a wake-up call to lawmakers. phyllis newhouse thank you. have a great day

>> you too thank you for having me. you're very welcome. on deck, it is happening one day early. your weekly look at the top insider buys and one company seeing the first internal action of its kind in nearly five years. what's the company t.u got to stick around to find dofu w tures off 39 we're back after this. (vo) this is more than glass and steel... and stone. it's awe. beauty.

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tena $450,000 buy by the chairman and number four. transdigm. $502,000 by the ceo. he bought on weakness. third most insider buying? teledyne the stock of $639,000. and stocknumber two. rev group. the chairman who bought here had the big buy of the same amount in june. he is doubling down. $758,000 and the biggest buy. on semiconductor $769,000 buy by a board member the first insider buy of any kind, by anyone by any size since november of 2016 almost five years ago.

those are the names we are watching tenneco. transdigm. teledine and rev and on. we do this most weeks on wex thanks to insiderscore.com. here is the question, are we under estimating the macro risk of the fed policy from d.c. and by the way, jay powell may not be the lock to be reconfirmed as fed chairman let's bring in kristina hooper with more. there is so much big regulatory and d.c.-type stuff going on that the market is not ignoring, but under estimating the potential impact >> actually, brian, first of all, great to be with you. i don't think there's a lot of under estimate going on.

the apprehension we felt in markets over the last couple weeks -- keep in mind yesterday was the best day for the s&p 500 in more than two weeks that apprehension is because of the fed meeting next week. it makes sense even though the fed has done a very good job of messaging tapers this time versus last time around. we have some concern about the fed actually announcing tapering next week which i think is likely then commencing in october or november i think it is in markets it is priced into markets. it is a very short-term phenomenon once it is announced, we'll get past it. i think the gravitation pull is up for stocks. >> kristina, it is whether this

meeting which is not likely, then goes to november or january. does it matter we know this is coming >> we do know this is coming jay powell did an important thing in the jackson hole speech he uncoupled the rate hikes speech this fed is recognizing interesting rates have a bigger impact on main street than asset purchases.head with that it is coming we should expect apparent uncer. once it happens, i think the deck is cleared. then stocks are likely to move higher >> they are. we have threats of higher taxes on the wealthy and capital gains tax and stock buybacks

whatever the congress is able to get done you think the equity market path is still higher? >> it is we have an ckc an come accommodg monetary policy. thus far we have not seen much accomplished in congress i'm not really concerned about it right now we have the history to tell us different options. do ahead, brian. >> tapering is not tightening. this is the zoom era kristina, if you had to layout the biggest risk to the equity markets, what would it sbe >> i think it would be the resurgence of the covid-19 pandemic when i say that, a strain not

protected by the existing vaccine. i don't want to end up being right. >> we know the risk is there let's hope the risk is low-to-none. it is out there. it is a risk that does exist kristina hooper. pleasure to have you on. thank you. have a great day folks, that does it for us on "worldwide exchange." i'll see you back on monday. we have more to do "squawk box" picks it up next. have a great day take care.

good morning the s&p coming off its best session in more than two weeks but among today's tests, jobless claims and retail sales. and in washington.

democrats passing a plan to raise taxes on corporations and the wealthy. plus, history lifts off. spacex launching the all civilian tcrew in orbit last night. it is thursday, september 16th, 2021 "squawk box" starts right now. good morning welcome to "squawk box." i'm becky quick along with joe kernen and andrew is off today a lot of things happening in the markets. let's check at the u.s. equity markets. yesterday was a big day. you saw the dow up 236 points. gain of almost 1% for the s&p. close to 9% for the nasdaq this morning, it looks like the dow futures are down 26 points nasdaq off by 38 s&p down by 5.5.