it is 5:00 a.m. in new york, 2:00 a.m. in palo alto, california here's your top five at five facebook's mark zuckerberg slamming the onslot of reports hitting the reputation of his company as investors wait to see if all of it may actually hurt earnings. $1 trillion and beyond as tesla becomes the latest member of the 13 digit club, now more valuable than every other car maker in the world combined. all this as a regulatory cloud looms for musk and company. former president trump's

digital media spac getting cut down to size could the retail trading frenzy be coming to an end. millions brace for the season's first another easter. we're tracking the storm for you ahead. and dave chappelle breaking his silence over the latest netflix special and he's issuing a bit of a challenge ait's tuesday october 26th, and this is "worldwide exchange." good morning, good afternoon, good evening, welcome from wherever in the world you may be watching us i'm brian sullivan it's looking like a good tuesday morning as the everything rally looks set to roll on futures are higher across the board, all up about.5%, the nasdaq up .6%, the nasdaq and

s&p coming off new record highs, the blue chip closing at the 37th all-time high of the year the s&p says, i can top that 56 record high closes for the s&p 500 so far this year out sized gains for the nasdaq and technology as well oh, you might have heard about it, tesla surging to a $1 trillion market cap wow. we're going to get more on that in a moment. also, by the way, as electric car makers move up, we continue to watch oil and gas. oil at its highest level in seven years. it's down a little bit right now but yesterday afternoon broke through 85 a barrel. also a gigantic move and something more important, that is natural gas, about 20% jump in the last two days for nat gas. it is now on pace for nine straight monthly gains natural gas goes into the input cost of so many things and a number of stocks that track

natural gas also moving higher like eqt, we had an exclusive with their ceo a couple of weeks ago, that stock up more than 11%. and the nat gas focused names continues to rise. but also banks continue to rise and the kre hitting an all-time high going back to its inception all the way back in 2006 there are three big money movers to hit as well this tuesday morning. let's begin with, what else, tesla, hitting a $1 trillion market cap welcome to the club. this on news that hertz will order 100,000 cars to build out the ev fleet and a bullish note out of morgan stanley. tesla closing up more than 12% on the day tesla is now worth more than the next nine global auto makers combined

despite selling fewer than 2% of all cars think about that wow. number two, facebook shares are higher in the premarket. this after the company reporting better than expected third quarter results revenue and fourth quarter outlook coming in a little bit short facebook announcing a $50 billion share buyback program but results have been overshadowed by the barrage of media reports about the company's corporate culture stemming from the leaked internal documents ceo mark zuckerberg on the call last night. >> good faith criticism helps us get better but my view is that what we are seeing is a coordinated effort to selectively used leaked documents to paint a false picture of our company >> mark zuckerberg getting a little bit defensive there we track shares of former president trump's digital media spac, the stock falling about

11% yesterday after last week's massive runup. right now it is up about -- is that 3%, 1%, either way, it's in the green a little bit it's not just here at home a number of big movers to get to overseas in europe as well why don't we hit those and your top headlines. julianna tatelbaum is in london with that and more good morning >> brian, great to see you here in europe it is all systems go european markets trading higher across the board and the rally is pretty broad based we have germany in front with .9%. not far behind the spanish market up about .7%. ftse up about.6% and the swiss and italian markets lagging slightly but really a strong session here in europe. this is what the picture looks like as investors digest a raft of earnings that have come through this morning, basic resources, tell comes, oil and

gas trading on the down side yesterday energy was the down side on the upside travel and leisure up 2.3%. insurance and household goods. earnings, let me highlight a few big movers for you, reck and keizer up nearly 6% one of the best performers in europe this morning. seeing a surge after a strong update seeing strong demand for their cough ser rups and flu medicines. we have uvs in focus, the bank up 1% this morning, they came out topping expectations, the investment bank seeing earnings jump and elsewhere on the flip side, orange shares trading down more than 3% profits were held back over the quarter by a drop in co-investment concerns not all positive moves but for

the most part, brian, stocks are trading higher in europe >> it is interesting to hear about the flu. we talk about covid so much we forget the flu is also making a comeback julianna tatelbaum, thank you very much. it's now time to get you up to speed on this morning's other top headlines, including the possibility of more regulatory headaches for apple. silvana is here with that and more good morning >> good morning. we're going to start with kathy wood, she's calling out twitter ceo jack dorsey for his comments about theories of hyper inflation coming to the u.s. and the world. the ceo taking to twitter to refute his claims. wood says, quote, there are three sources of deflish fair pressure that will overcome the short term inflation and the long term, including the advancement of ai, creative disruption and a surplus of

supplies that will be realized once the holiday season is over. apple in is in the cross hairs of an anti-trust lawsuit from the justice department. they've been hit with a flurry of activity from the doj since the summer apple shares slightly higher in the -- before the open and the s.e.c. is reportedly set to take the reins when it comes to cracking down on the $131 billion stable coin market according to bloomberg, the upcoming announcement comes as the treasury department and other agencies are set to pass new laws specifying coins should be regulated like bank deposits. >> thank you very much we'll see all of you in a few minutes. we're just getting started we'll take a short break but when we come back, where there's opportunity in esg investing

right now. plus tracking some wild weather heading up and down the east coast. in the northeast last night? the rain just pounding us. how much more will we get? and today a key fda meeting on covid-19 shots for kids and what one hospital ceo is doing to try to help. we're back right after this.

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good tuesday morning, let's talk money. big money. because global venture capital funding hitting a record high this year, third quarter numbers up 78% from one year ago christine sigh is the ceo and founding partner of 500 global one of the largest firms driving investments in things like esg and the company announcing a new $140 million fund bringing the firm's assets under management to 1.8 billion that to be used in esg startups around the world christine joins us now i know the hours are odd, christine, but the show is going out around the world and so is your money in fact, almost 50% of the startups you have funded are outside of the united states so we love the global approach tell us how you find the right people, the right teams, and the right companies. >> thanks, brian

it definitely is something that has been from the very beginning part of 500 global's investment thesis, strategy and mission to invest in companies all corners of the world, who believe the next billion dollar companies, $10 billion companies are coming from outside of silicone valley, outside the u.s. think back 11 years ago when we were founded it was a contrary approach so a lot of it is being on the ground in the markets, being global is actually being hyper global our portfolio spans more than 77 countries around the world listen, we have limited amount of time, i would love to focus on everything around the world, we don't talk about latin america very much, southeast asia, ex-china very much but there's cool stuff going on that we don't talk about

is there almost an advantage in that, the fact that if you're a startup founder in saigon or whatever it is, is there an advantage to being under the radar. >> as an investor i think what's really changed in the past ten years from when we first started investing in a lot of these markets is a lot of things are changed on the macro level certainly a year like 2020, technology and all kinds of things have really accelerated so in many ways we are known as probably one of if not the first silicone valley early stage investor that has gone into markets like latin america, vietnam, east asia, and africa itself so now it's almost a nice validation of that global thesis we're seeing a lot of local players coming up in the early stage venture market as well as the large firms coming into

capital venture and going into markets. and 2020, deals being done over zoom now many silicone valley investors feel more comfortable investing in emerging markets. there's still a long way to go and we're excited more money is coming into a lot of these companies. >> easier than getting on a plane to head to brazil or something. how do you find these companies? what's sort of the -- do they come to you? what are the first one or two things that you like or immediately dislike about a company? >> we're typically investing at the earliest stages, oftentimes we are the first or one of the first institutional checks for these companies. with the raise of our recent global fund that you mentioned earlier, we're expanding our scope to later stages and hopefully up to first companies, the first check company all the way to the last check on the

company. and that's something we're excited about for the future of 500. in terms of how we find the companies, that's something for a lot of investors, especially those really excited about tech or venture capital, the early stage is by far the riskiest it's really about the team at that stage we are obviously agnostic to market invested in more than 77 countries and very diversified in terms of sector but we are looking closely at the team, what is the market that they're going after, the problem, can this be category leader, especially if it's an emerging market >> yeah, you hear that more and more, it's amazing, even in the super hyper digital age, human beings matter more than ever christine, we really appreciate it thank you. have a great day. >> thank you thank you. >> you're welcome. still on deck, no apologies

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welcome back a panel of outside advisers to the fda set to meet today to consider whether to approve pfizer's vaccines for use in kids age 5 to 11 years old if approved the shots would be the first to be made available if for kids under 12, make another 28 million people eligible for vaccination for more on this and the push to get more americans vaccinated and where we stand right now we are joined by the ceo and president of the university hospital of newark, new jersey it's a pleasure to have you back on the program, doctor you've had a vaccine mandate, it's gone well you had to terminate just a couple employees after a lot of hesitancy, which we've talked about on the show, how have you done it >> the approach we have taken is

one of compassion and understanding for folks who are hesitant after a few conversations with trusted individuals, myself and others, who are trusted in the organization, folks decided to do it. i had lunches with folks across the organization who were unvaccinated had questions about side effects and other rumors they had heard, misinformation, of course. it is a problem even for health care workers but if the stake holders across the table are trusted folks and there's buy in from employees on what leadership's intentions are when it comes to protecting the workforce, they can work so we have over 93% of our employees now vaccinated with the mandate and we just added the johnson & johnson booster as part of our mandate for folks who received that as an initial course of vaccination given the fda's decision making and the cdc's decision making last week. and so far there doesn't seem to be much push back.

we announced it yesterday. this is an important step to protect the 270 or so employees who had that vaccine >> and for people that received the j&j vaccine, have you seen more interest in them moving over getting the half dose of moderna or whatever it is, and that booster shot are we seeing kind ofpeople being more selective, doctor, about the vaccine they received either initial dose or booster >> i was just rounding yesterday throughout my hospital to get folks' perspectives on this, the folks who received j&j are eager to get a booster and in many cases to get a different shot. so i think the fda's decision on allowing mixing and matching is one i think a lot of folks will appreciate because of what they heard, according to the data on the effectiveness of that, so you may see that more in j&j recipients because of the decision to say that one shot may not be enough anymore in the

context of the delta variant we've seen that with our employee discussions thus far. >> and what are you seeing from hospital levels overall? obviously, doctor, the weather has been helpful i know people hate to talk about seasonality but it does play a role when people go inside or outside, it's getting cold, rainy, are you expecting a last surge, a late fall, winter surge here among the unvaccinated? what's your preparation for the next few months? >> we are expecting that with folks moving more indoors, gathering for the holidays, there's an expectation that in the context of the delta variant especially we will see an increase in cases. we've had about 10 patients with covid-19 in our hospital for the past several weeks, the beginning of the school season did not lead to an increase in cases in our area significantly. but what we're worried is about

folks gathering more indoors and we're trying to get everybody vaccinated in the community to prevent what we don't want to see, which is another surge in the winter >> yeah, because if you go on this thing called twitter, doctor, i know we're all familiar with it, it's all doom and gloom. you look at the so called experts, everything is doomed. you have not seen that so far with kids, correct school has been in three weeks to a month, depending on where you are, and we are not seeing this huge influx of kids with covid, thank god, coming into your hospital, at least not yet? >> well, it helps in new jersey that we have a universal mask mandates in schools, not every state has that, in fact, many states have outlawed such things and i think that's a bad thing for public health. we have seen an increase in school outbreaks but not to a point you see in other states and in our hospital while we've seen more pediatric emergency

room visits we have not seen a surge in pediatric patients in icus or medical surgical beds. i know not every region can say that but i think because we have that mask mandates in schools, people have been protected and we're waited for the ultimate decision making effort for the fda for pfizer on kids we hope that goes through to protect our doctors. >> doctor, always a pleasure thank you for getting up early we do appreciate your viewpoints as always my friend. thank you. >> my pleasure a lot left to do on this busy tuesday on deck, one day after hitting 1 trillion, i feel like i should put my pinky next to my mouth, regulators looking at tesla and its recent auto pilot program rollback talk about that. dow futures up about 105 'rba aerhiwee ckft ts.

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let the records keep rolling. stocks looking to move higher again as low rates and cheap money keep the party going futures are higher across the board. facebook shaking off a wave of scandals and getting a boost on an earnings beat and a $50 billion share buyback. welcome to the $1 trillion club. tesla joining it even as federal

regulators are turning up the heat it's tuesday, october 26th and you're watching "worldwide exchange." welcome or welcome back and good tuesday morning, everybody. i'm brian sullivan here we go it looks like the everything rally is going to roll on again today. futures are higher once again. nasdaq futures up more than .5%. dow futures up about 100 points. there is another big day of earnings on tap. so far the numbers we have seen have been good bank of america doing a nice wrap up of the numbers so far and here is what they found. in all, as of right now, 117 s&p 500 companies have released their numbers. of those, 79% have beat on

earnings per share 72% on sales and 62% on both eps and revenue. on average companies are beating analyst estimates by about 4%. but two groups of stocks are doing much better than the overall averages the banks, the financial stocks beating by an average of 13%, and oil and gas stocks beating by about 7%. look at those numbers, pretty good getting a check on this morning's big money movers, speaking of oil and gas or not tesla hitting a $1 trillion market cap yesterday on news that hertz is ordering 100,000 cars to build out the electric vehicle fleet. tesla closing up 12% on the day, one of the best days in a long time shares are fractionally higher but if you're a tesla bull you made a lot of money this year. let us stick there even with that move the company

is facing new scrutiny over the auto pilot system. silvana is back with more on that and this morning's other top corporate headlines. >> the head of the national transportation safety board is criticizing tesla for not addressing concerns over the self-driving software. in a letter to elon musk, the agency's chair questioned the company's decision to provide a new version of that software before dealing with the agency's outstanding issues with it the ntsb has raised concerns about the feature following fatal crashes falling the software and it's asking to build in a system so users don't use it outside of the regular use there will be more at 7:15 this morning. dave chappelle is standing by his netflix special "the

closer". in a video posted to his instagram account, he discussed some views about lgbtq views >>it's been said in the press that i was invited to speak to the transgender employees at netflix and i refused. that is not true if they had invited me, i would have accepted it although i am confused about what we are speaking about i said what i said and boy, i heard what you said my god, how could i not? you said you want a safe, working environment at netflix well, it seems like i'm the only one that can't go to the office anymore. >> chappelle also told the audience that his upcoming documentary about his summer 2020 comedy tour has been excluded from film festivals

because of the backlash. he said he's open to meetings with any member of the transgender community and his interest is corporate interest not the lgbtq community. house republicans are seeking information from how products affect teen's mental health it comes before executives testify before a senate commerce committee today. the move follows leaked documents from facebook. brian, back to you if you got kids or teenagers, certainly plays a big role in a lot of things. thank you very much. speaking of facebook, it is one of your morning's big money movers, shares are higher. third quarter earnings topping forecasts but even as earnings per share beat, sales missed many estimates, guiding the

fourth quarter revenue below where it was in part because of privacy changes to apple's ios facebook is adding 50 billion to the stock buyback program and is looking at breaking out reality labs, ar, hardware as mark zuckerberg gets excited about the metaverse mark zuckerberg pushing back against recent criticism of his company stemming from documents leaked by employees. >> i want to discuss the recent debate around our company. i believe large organizations should be skrut nuysed i would rather live in a society in one they are, than they can't be good faith criticism helps us get better my view of what we are seeing is

a coordinated effort to selectively use leaked documents to paint a false picture of our company. >> joining us is rocco strauss sounds like there that zuckerburg is taking a page from the vast conspiracies against us that aside was there anything in the numbers that you particularly liked or didn't like >> yeah. i mean, as you pointed out initially i think you can break it down into the good and the ugly with the not so great things being the top line miss being apple's changes are indeed having an impact in the short run even though facebook is pointing out that was newer measurement tools that go into being able to mitigate some 50% off that attribution headwind they're having on the good side i would point out, you manchentioned it,

$50 billion additional share buyback, which is consuming most of the free cash flow into next year and the new insstructure ty announced is generally closure which is welcomed by investors and the $10 million of headwinds on the var website, shows it's at business, runs at the 50% abbott margins on top of that, facebook announced that real at is lounging both on instagram and will be pushed to call facebook at some point. so facebook is pulling the trigger on montization moving into 2021. that clearly gives them an additional lever alongside the muted user growth and time spend per user growth who drive impressions by further monetizing deals >> it's amazing about some like stuff google are doing looks

like television, basically video and in the middle of the video throw in an advertisement for soap or candy bars on the screen is that going to hurt user growth what i know about teenagers, by the way is not much, but i do know this, they don't like ads >> yeah, i guess that's the way that these social media platforms generally approach it, right. they first build communities of hundreds of millions of people engaging with the content before introducing ads to them. that's what you see on instagram, with schwartz on youtube, with spotlight on snapchat it's going to be a very slow process of bringing ads into the picture here generally users are happy with seeing targeted ads rather than ads that are fully not important to them. >> are you still bullish or should -- should we own facebook sell it if we own it buy more >> we have been neutral rated

moving into the print maybe pointing to three of the four main growth drivers for the social media platform, user growth, time spent, the at look per hour and the price hikes going up the first three are muted going into the quarter monetizing reels could change given you get more impression coming into the mix. >> let's talk about twitter. a sell rating on twitter with a $33 target the stock is above that. do you have to revisit that target or are you convinced your thesis is going to play out and twitter while it had a nice run is not going to be able to last? >> you could argue that twitter is less likely impacted by the current idfa changes given they're a more brand spend platform which are less affected by changes, but apple's framework is likely providing a key, why twitter had to sell the

mo pop division for a low multiple and whytwitter is likely facing difficulties to grow a dr or performance business while also its map or their app install business is likely going to be flat at best given that faces similar headwinds as we saw on snap last week. >> here's the -- >> on these issues and that we see some near time idfa headwinds for them as well i would also point out there are several structural changes at twitter when it comes to the management team, which isn't complete at best also their data graph is definitely, you know, not in the range with the likes of snap or facebook >> and you do wonder if whatever this thing is, the former president may announce is going to split it up one side you go here, the other here and you can have your own

reality all day long every single day and never hear the other side rocco strauss, pleasure to have you on i know it's been busy with the numbers you're following. >> thank you. thank you, take care. it's a wet and rainy tuesday morning. on deck more on the storm slimming much of the northeast overnight. bill karins will be here with that and the storms hitting the west coast. other headlines happening right now. kelloggs is trying to restart negotiations with 1,400 striking workers. the company said it sent a message to the union representing those employees offering to resume talks a trip to the happiest place on earth is suck succumbing to inflation. they're raising admission on highest demand days of the year,

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welcome back and good tuesday morning it's 5:43. look at how wet that is in times square if you're in the area you know what i'm talking about a massive thunderstorm rolling through last night, lightning, thunder, heavy rain. still raining a bit. so a soggy start to the day. new york and new jersey both declaring states of emergency overnight because of some of the rain also bracing for the season's first nor'easter all this as the west coast face it is brunt of some of their historic storms and flooding bill karins joining us now let's start here we have an east coast bias, of course, bill. let's talk about it. the rain was pretty spectacular overnight. how much more are we going to get? talk to us about this nor'easter. >> to be fair, the biggest storm in the country is the nor'easter, the storm on the west coast those impacts are just about over with the story today and tomorrow is

the nor'easter that's developing the thunderstorm last night was a separate system, that was the one back by philadelphia moving through. that was the first storm now off the coast, the nor'easter is developing and this is going to have really high winds this storm is coming at us in two pieces, first the heavy rain threat, a horrendous morning commute around the new york city area, we have flash warnings in central new jersey, covering 39 million people so we get the heavy rain today and tonight. when the nor'easter starts cranking that's when the problem is we had reports already of 2 to 4 inches of rain in new jersey and areas north of new york city another 2 to 4 inches is possible this is on the heels remember the historic ida flooding. we're going to end up with close to 6 to 7 inches when this is done incredible to have a second huge rainfall event like this within

about a month and a half thankfully this time leading up to this rain event the rivers have been pretty low it hadn't rained a lot lately. and as far as the winds go, 9 million people under wind alerts, as far as warnings or watches. the highest winds found toward cape cod and theisland we should see wind gusts close to hurricane strength on cape cod. we're going to see probably 100, 200,000 people without power this time tomorrow morning even the twin forks of long island could see gusts 50 to 60 miles per hour and a lot of leaves are on the trees. a lot that are changing will blow off because of that we will get downed trees and power lines. areas in new orleans, boston, pr providence, that's your best bet to see power outages and the other story that west coast storm has now moved towards the middle of the

country, watch out severe weather threat late tonight through tomorrow morning, and we could see a tornado -- mini tornado outbreak also brian. so a lot going on from west coast to east coast. >> bill, i want to go back to bed now after all this i'm looking at the nbc news weather -- i'm not joking. i think we all ant to go back to bed at this hour another 24 hours on the east coast to deal with this mess and then you still have what's happening in the west where they face drought they need water, need rain, just don't need it all to fall in a 24-hour period >> and it was pretty crazy like orville, the dam there, the water level rose over 20 feet just from this previous storm. so it was very beneficial. there was some problems with the huge amount of rain but at least we took a little dent out of the

histori historic drought >> want the reservoirs to fill up so i guess it is good news. but here, my guess is we've already broken every annual rain record we have to get you back on to confirm it it's rained all year bill karins, thank you very much >> okay. >> any amateur moelg meteorologist want to run the numbers for us. ext, investors gearing up for a busy day of earning results, ally invest lindsey bell is here with what you need to watch for as these new numbers pile on. kind of like rain. if you haven't already, follow our podcast called worldwide exchange, hosted by brian sullivan i'm told he's a nice guy we're back right after this.

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it started with an idea... and became a new tradition. this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire. make fitness routine with pure protein. high protein. low sugar. tastes great! high protein. low sugar. so good. high protein. low sugar. mmm, birthday cake. try pure protein shakes. with vitamins and minerals for immune support. well, today's rbi is an hbd, it's a happy birthday to my friend ryan but also to the erie

canal. the erie canal you turn 196 years old today, you are the first and probably the most impactful infrastructure project in the history of america. pooh poohed at the time by thomas jefferson, it cost an insane at the time $7 million over 1 billion in today's money and was ridiculed as a waste of that money it took 50,000 workers over all eight years to dig, mostly by hand and donkey, the canal thousands of workers died during the construction it was hard, painful and low paid work. in fact, some of the irish immigrants were paid in whiskey, true story but thankfully it became a massive success opening up the great lakes and much of the west to economic development. changing the destiny of america. the erie is still running today, it's been widened three times to handle bigger ships and its engineers even founded a

college, rpi, after leaving their work at the erie canal so happy birthday erie canal maybe a good historical reminder what we can do as a nation if we put our minds to it. random but interesting let's get back now to the markets, also random but interesting. the earnings barge rolling on the dow and the s&p at record highs. welcome in lindsey bell chief investment strategist of ally invest i'll say something that will get my feed cut in the control room. i don't think earnings matter at all. i don't think the numbers we're seeing now matter one bit. i'm sorry to say that. i think the inflation story is so powerful, i think what's happening this quarter and the numbers we'll see in january and february those are going to matter because the input costs have spiked in the last couple of weeks what say you tell me i'm wrong.

please, for the sake of our network? >> brian, i think that's a goo point that you raise the current quarter we're in has been much better than many investors probably anticipated with 82% of companies reporting on the bottom line and most importantly 76% companies reporting on that sale number beating on the sales number there. that's important, too, because that shows if companies are able to raise prices and pass it on to the consumer because of those, like you said, higher costs, higher input costs, supply chain bottlenecks, et cetera, that is really driving that inflationary story you mentioned there. so far what we're seeing is the top line is remaining strong and so are margins, actually one thing i'm looking at brian, this week in particular is the tech sector. and surprisingly, so far while few tech companies have reported to date, the good news is, is that they are actually showing

margin strength for the most part despite costs and as you know, this is a sector that is really actually being very impacted by rising labor costs. so the fact that they're able to see margins hold steady to potentially move higher is a good sign so far >> well, it seems like technology, particularly the companies that we differentiated yesterday lindsey, there's tech companies that make stuff, apple is one of them, they have physical products, sysco as well and those that do stuff, take a funny dance video and put it online they're different because one faces supply chain issues and one woen't. i wonder if we have to differentiate tech more because of that. >> it is a good point that you raise, brian and i think that is going to be very important but i think it's a very mixed bag. i've been saying this since the beginning of the quarter no matter what industry you're looking at, this is a quarter where it's really a stock picker's market.

we talk about sectors frequently but a lot of times these are companies that are not created equal and each has their own issues that they're dealing with or their own trajectories that they're working on so i think it's something you need to take on a case by case basis and it's hard to generalize in this quarter because everyone is impacted by the supply chain differently. >> we only half joked on the show do your christmas shopping early. i'm going to say something, i'm not kidding, i'm almost done with christmas shopping. i'm not kidding. i'm worried what i want for my family is not going to be there as well. do you think the retailers are going to have a good time or bad time demand is going to soar, that's good, but if stuff isn't there or people can't afford the price increases, that's bad. >> i think the early purchasing of things is going to help with retailers, at least help with

the inventory and supply chain issues to some extent but your point is taken and that's why we're seeing it rise across various gift giving categoricats as we get later into the holiday season there's going to be a lag so comparisons will be more difficult. usually you see sales jumping closer to the christmas time frame. so it's going to be a shift of timing and in the end it might actually benefit the retailers and the economy overall as it's spread out over a longer period of time. >> yeah and it's going to be really tough for the parents of the naughty kids because coal prices have soared i don't know if you saw that as well. >> yes, i did. >> it's going to be tough all around. >> it's true it's true. >> lindsey bell of ally invest appreciate you getting up early for us on "worldwide exchange. thank you very much. have a great day, lindsey. >> thank you

>> always be nice. that does it for us on "worldwide exchange. we're going to see you tomorrow morning and our rbi with the results of your poll, what you say about inflation. you're nice. is cs going to get nice thing thhristmas and holiday season we'll see you tomorrow "squawk box" is next get pumped fans, because basketball's back! and our league pass lineup is totally stacked. forty games a week, all season long, on all your devices, so you'll never go wrong. watch your favorite sport, and do it your way,

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good morning, earnings season rolling on. stocks at all time highs s&p and dow. we're going to hear from ups, 3m, and general electric all before the opening bell. facebook shares trading higher, earnings beat estimates and ceo mark zuckerberg defended the company's reputation against a barrage of bad press plus a surge in tesla stock sending elon musk's net worth

into the stratosphere, the stock is now a member of the trillion dollar market cap. higher than two thirds of the companies in the dow it's tuesday, october 26th, 2021, "squawk box" begins right now. good morning, everybody. welcome to "squawk box" here on cnbc i'm becky quick. along with joe kernen and andrew ross sorkin. and you're looking at some green arrows this morning after gains for the market yesterday the nasdaq was the biggest yesterday up by is%. but the s&p up by .5% too. this morning, dow futures indicated up about 108 points s&p up about 19 and nasdaq up another 98 point