it is 5:00 a.m. at cnbc global headquarters and here is your top five at 5:00. stocks looking to end the week on a strong note as investors push wall street deeper into record territory, but could a big day for options expirations put a wrench in those gears. house lawmakers delaying a vote on president biden's $1.75 trillion social spending package. we have a live report from washington straight ahead. more pressure on the company formerly known as facebook as a new bipartisan effort looks into

the impact its instagram platform is having on teens. a key day for the food and drug administration as it nears an all-out approval for a covid-19 booster shot for all american adults. and chamath palihapitiya is helping his twitter followers navigate the market, giving a few stock tips along the way it's friday, november 19, 2021 you're watching "worldwide exchange" right here on cnbc good friday morning i'm dominic chu in for brian sullivan today have you checked out the moon this morning we are just half way through what's set to be the longest lunar eclipse in 580 years speaking of long-lasting, this is a live shot of the house floor in washington, where republican minority leader, kevin mccarthy is still speaking after taking the floor right

around 8:38 p.m. eastern time last night we'll have much more on that developing story straight ahead. that's a lot of talking going on right now. kicking off your friday morning with u.s. stock futures right now. the futures this morning indicating some more modest moves again, dow implied lower by roughly 70 points s&p lower by 1 point and the nasdaq higher by just 55 this after the s&p and nasdaq ended the day back in record territory yesterday. also at record highs, semiconductors smh and philly sox index hitting all time highs thanks to a big day by nvidia on the earnings report. and the ivw etf hitting a high, nvidia, bath and body works, and moderna, helping that share there. you can see the growth on a one week basis up about 1.75%.

big day for the housing sector as well the home builders etf, xhb is looking at highs, up about 1.75% in the last week the early trade in europe, julianna tatelbaum is live in london the latest there good friday morning. >> good morning. it's just 10:00 a.m. here in london and it has not been a morning for the faint hearted we started out in positive territory. every region and nearly every sector was trading higher. now a completely different picture. we have developments on two major front one on the covid front and one on the central bank policy. there was a speech in this morning as part of the european congress. >> sent a dovish signal saying it's unlikely they would be able

to justify a rise in rates and then moments later, austria will reenter a lockdown, it's the first european country to enter a fresh lockdown for this wave we talked about the rising numbers but this is the first move of its kind we heard from the german health minister that germany not going with a full lockdown but they have implemented a series of new measures to deal with covid there and left the option on the table to deal with it in the future a lot for investors to digest. red for every major region this is how things are shaking out this morning a mixed picture but the clear underperformer right now, banks down more than 2% in reaction to those comments from the auto, insurance, and travel and leisure taking a hit

looking at the european banks in more detail. to give you a sense of the move scale, commerce down 6.6, deutsch bank down nearly 5.5%. and we've seen a step lower in the euro versus the dollar and swiss bank to capitol hill now, where house republicans have successfully delayed a vote on president biden's $1.75 trillion social spending package. chris palone joins us from washington with the latest there and what's being said on the house floor. chris? >> reporter: good morning. with house democrats on the verge of passing president biden's top spending priority, a key republican leader took to the floor and launched a lengthy speech, forcing democrats to pack up and try again today. >> further consideration of hr-5376 will resume. >> reporter: with a procedural hurdle resumed, democrats are

looking to pass a key agenda for president biden. >> the impactof this historic legislation will be reflected in the greater economic security of millions of families and in the growth and competitiveness of a robust american economy >> reporter: but moments before a final thursday night vote, republican house leader kevin mccarthy of california started talking. >> we are minutes away from voting on a $5 trillion more than 2,000 page bill. >> reporter: and kept talking. >> because if you tell them one thing and you vote for another, what are they going to believe you on >> reporter: into the early morning hours. >> it's no secret that this bill is too extreme, too costly, and too liberal for the united states. >> reporter: democrats shifted gears postponing the vote and deciding to come back this morning to try again

the congressional budget office said the bill would adds $160 billion to the national debt in a decade convincing hold out democrats the bill will pay for itself. >> this was going to be paid for by the wealthiest amongst us making sure they paid their fair share and supporting this investment in america. >> reporter: if passed the bill would likely undergo several changes in the senate to win the votes of all 50 democrats and the independents >> reporter: this is a live look at the floor of the house of representatives where minority leader, kevin mccarthy of california is still speaking, approximately 8 hours and 28 minutes before he started. it became clear he's trying to set the record for the longest house speech in the house. just a few years ago, nancy pelosi spoke for about 8 hours and 7 minutes. mccarthy has gone past that.

it's unclear whether he will try to keep going and delay when democrats come back in and try to vote today on the president's spending bill. >> forgive me for my ignorance here when house minority leader takes the floor like that, or nancy pelosi does, do they take bathroom breaks? do they do this for eight plus straight hours. >> reporter: as far as i can tell through most of it, i believe he has not left through eight hours. that's right the house does not have a filibuster, this is not a filibuster, he had one minute to speak but if you're in leadership you're allowed to take as long as you want for the minute it's called the magic minute and his magic minute has lasted around 8 1/2 hours >> he doesn't look tired. >> his voice has been struggling, taking a lot of water and pepper mints rj.

>> chris palone, thank you very much. this morning's other top stories outside of washington d.c. silvana is here with those good morning. >> good morning. happy friday the food and drug administration is reportedly expected to authorize moderna's booster shot for all adults over the age of 18 today the move comes in tandem with the clearance of pfizer's booster for widespread use so far 32.5 million americans have received a booster dose in the u.s. or about 60% of the fully vaccinated population. the global surge in container shipping rates could send consumer prices 1.5% higher over the next year according to a report from the united nations the current rise in container freight rates could increase global price levels by 11% and consumer levels by 1.5% between now and 2023 smaller countries, more dependent on imports, could see

consumer prices rise by 7.5% and macy's ceo said his company has not come to any conclusions about spinning out the ecommerce division speaking with our own jim cramer, he said he and the board continue to weigh the proposal, along with anything else that could add value to shareholders. back to you. >> back to the markets now, the records keep coming in for the s&p and nasdaq, sitting at highs amid strong retail earnings reports, and signals the economic recovery continues to prove. while we are in a short-term window of elevated risk, the stage is set for a strong 2022, per robert crest wait a second, i want to make

note right now, and if we have the live shot, i'd like to see if we could put it up here kevin mccarthy, house minority leader, kevin mccarthy, the republican from california has finally yielded the floor after eight plus hours this is 8:38 p.m. last night 8:38 p.m. last night is when house minority leader kevin mccarthy started talking about the infrastructure bill or the social spending bill, and he has just now in the last couple of minutes finally yielded the floor. you can see the smiles coming from some of the staff that may have been there for the entire eight plus hours now the house is now by the way adjourned until 8:00 a.m. eastern time i wanted to, robert, make note of that because he has been talking since 8:38 p.m. last night. robert, let's get back to the markets here we talk about some of the issues that maybe republicans have an

issue with with regard to this social spending package, that is maybe the inflationary pressures that could be brought about. is inflation a worry for you at this point, robert >> it is inflation has been lingering longer than most have expected while i think the inflationary forces are largely driven by covid and logistical problems that will be solved between now and march. i think the next few months are a window of higher opportunity partly from inflation, changes at the fed, debt ceiling, and we have covid lingering here. i think we're in a period we could see some churn but i think it resolves itself and i have a positive outlook for next year. >> we're showing charts of the nasdaq, dow, s&p, you name it. and the lines for the most part are 30 degree up angles from the lower left to the upper right. there hasn't been a pull back of real note in quite some time now. when you say churn, a little bit

of opportunity perhaps how big of an opportunity is it? am i looking for a 3 to 4% pull back, 7 to 10% pullback or something deeper >> perhaps somewhere in the middle and it depends on how the threads come together. i think inflation will resolve itself but it's going to remain high the next several months if you put that against the backdrop in the battle in congress whether over the spending bill, the debt ceiling, the fed chair, that puts things in a way we could see the moderate size correction, more of the 5 to 10% variety. that's the short term basis and the longer outlook is sound. >> what do you look for in those opportunities? is it still megacap technology, social media companies or full on cyclical materials type of names? >> we have a long runway for

growth as we put people back to work and reopen sectors that have been problems there's been a lot of concerns about margins but they have done quite well 700 of the 1000 in the russell have better than average we think there's a rich opportunity set. i would focus in the barbell approach there is still cyclicality in the market and within technology i think we're focused on the areas that are going to continue to add to prod produ productivity not so much the social side. >> have a nice weekend, sir. thank you very much. >> thank you. when we come back, this morning's money movers, including another company taking off in its first day as a public company. is business travel on its way back many industries are counting on it new numbers, how it's going, it's shaking out in a choppy way. a busy hour still eawhahd en

"worldwide exchange" returns after this break what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley.

welcome back, time now for some big money movers four stock stories of the money first shares of work day are moving lower despite earnings that came ahead of estimates posting profits of $1.42 billion, shares are down 8% in the market

sweet green is giving back some of yesterday's massive i.p.o. gains in the premarket this morning. shares of the salad chain closed up 76% yesterday after opening at $42 a share and an initial $5.5 billion market cap. the company is now priced and offering at $28 a share on wednesday. well above the expected range of 23 to $25, big gains yesterday, profit taking this morning, 2.5% to the down side there shares of intuit, posting results that came in well above estimates. the maker of software like turbo tax and quickbooks, adding $1 billion to the full year sales guidance, crediting its $12 million buy of mail chimp and credit karma for the results. those shares up 10% in the

premarket. also a big dow component to keep an eye on this morning nike shares are higher in the premarket after approving an 11% dividend boost to 30.5 cents a share per quarter. this is nike's 20th straight year of dividend hikes that stock is up more than 20% as you can see so far this year up about two thirds of one pe percent. new numbers from pwc on the health of the travel sector and what's in store for 2022 >> announcer: today's big number 93%. that's the share of all seats confiscated by the irs this fiscal year that were cryptocurrencies, totalingly $3.5 billion the agency expects bilonlis of dollars worth of crypto will be seized again next year

but whatever work becomes... the servicenow platform will make it just, flow. whether it's finding ways to help you serve your customers, orchestrating a safe return to the office... wait. an office? what's an office? or solving a workplace challenge that's yet to come. whatever the new world of work takes your business, the world works with servicenow.

welcome back it's been two weeks since the u.s. officially opened borders to travelers from across the pond and pwc has crunched the numbers when it comes to the key business travel segment that many parts of hospitality are looking forward to joining me now with the findings scott burrman. good morning to you. let's talk about how critical, how important that business traveler is to the hospitality

and leisure industry >> good morning, dom it's extremely important and certainly the industry is feeling a lot better than it did, say, six months ago certainly corporate travel is showing pockets of strength. it's not all the way back. and it's going to take the good part of 2022 before we can really tell where corporate travel in the u.s. is. i can tell you, though, that the corporate travel market is doing much better and that the leisure segment, as well, has carried the day. and we have a new term it's called leisure. and that is the blending of business and leisure where you'll find a corporate traveler, spending a few days doing business and then vacationing on the same trip

and so, we came up with the word stay-cation during the great recession. the industry has created a new word called bleisure. >> it curs to me throughout the course of travel, there has been a mixing of business and pleasure, certainly exacerbated by the pandemic right now. can you tell us specifically about where you see specific pockets of strength. are there key pockets to the business travel? is it in terms of flights, hotehote bookings, sit restaurants? where do you think the most impact will be felt? >> it's the convergence of all of those, dom. and i think it really does depend on where you reside for instance, markets like l.a., phoenix, miami are showing real strength compared to some of the

cities up north, new york, chicago, minneapolis, san francisco continue to lag. right. and so, when you think about those markets that can take advantage of both business and leisure, and i should add, group travel, right, conventions are starting to come back. the bookings for 2022 look extremely strong, and so those are the metrics that we're analyzing, you know, to see how things play out. so we need -- >> so scott. >> -- all three working in tandem. >> it sounds all three working in tandem, myself i haven't done a lot of business travel, you see me in the studio all the time here these days in the pandemic, but i've been able to take advantage of some great prices for flights and hotels over the course of the last, say, six, seven months here. can i expect the same thing or am i going to see prices going higher for things like hotel

rooms and airline tickets as well >> no question pricing power has been with the consumer but that is changing and i think that this recovery, at least in the hotel segment, is going to be driven by the strength of pricing. and so, the translation there, dom, is that consumers are going to be paying more for their hotel rooms across the u.s now, in high demand periods like the holidays, that's when you're going to see the highest pricing. will there be deals? sure but you got to find those. and i would suggest that that period between thanksgiving and christmas is a good time to look for a deal >> all right looking for deals for sure i'm trying to look towards next year and what vacations i can line up. scott berman from pwc. thank you very much. >> thanks, dom. let's get a check on the other top headlines. phillip mena is in new york with

those. good morning. >> good morning to you dom in wisconsin jury deliberations are headed to the fourth day in the kyle rittenhouse trial jurors remain behind closed doors yesterday and we didn't hear much from the judge. just hours before he was set to be executed oklahoma's governor commuted julius jones' sentence yesterday to this day jones maintains he's innocent and he was framed by the actual killer. and check this out, alive look now at the longest lunar eclipse in nearly 600 years. we're watching the tail end of this, the moon almost entirely eclipsed just over an hour ago but it lasted about six hours in total. i'm glad we're able to show you that clear picture of it, because in the northeast the cloud cover obstructed our view of this event.

>> last night i remember, not just cloud cover we got precipitation, we got rain overnight as well in certain parts of the northeast so something to watch. if you can get out and see it, check it out phillip mena, have a nice weekend. >> you too ahead on the show, it's the big box versus main street when it comes to retail dana chelsea breaks down the names you need to watch headed into the key holiday shopping season we'll be right back. -had enough? -no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme.

small businesses like yours make gift-giving possible. now, comcast business has an exclusive gift for you.

introducing the gift of savings sale. for a limited time, ask how to get a great deal for your business. and get up to a $500 prepaid card with select bundles when you switch to the network that can deliver gig speeds to the most businesses. or get started with internet and voice for $64.99 per month with a 2-year price guarantee. give your business the gift of savings today. comcast business. powering possibilities.

futures under pressure as investors brace for a volatile week to end. a vote delayed why the house pushed off a vote on president biden's $1.75 trillion social spending package until today. and you just heard about the return of the business traveler but what about the business lunch? what's going on there? it's friday, november 18th, 2021 you are watching "worldwide exchange" right here on cnbc the 19th what am i talking about? welcome back i'm dominic chu in for brian sullivan this morning. so here's how stock futures are looking halfway through the 5:00 a.m. eastern time hour if you've been with us over the course of the past half hour, you've noticed a decline in the futures trade. when we first came in on air we

were implied down 30, 40, 50 points or so the dow jones is implied lower by 100 points now. we're seeing a leg lower in the course of the past half hour or so and some folks are attributing this to the idea that austria has gone into full covid lockdown so those concerns playing out a little bit there what's going to happen to elsewhere around the world, here in the u.s., other places in europe, maybe asia as well you can see european markets are now at least modestly to the down side. the german dax just down about.1% and a similar decline for the ftse 100 and the cac also checking on some of the reopening stocks the companies that benefit as the economy starts to emerge from the covid pandemic. you can see united, american, southwest, delta airlines all

down roughly 1% or so in the premarket trade, weaker yesterdayas well checking on the treasury side of things, watching the 10 year yield, just about -- well, this is the marriott and hilton you can see 10 year note yield lower to 1.562%. and the 10 year lower to 1.4%. now to capitol hill where house republicans have successfully delayed a vote on president biden's 1. $75 trillion social spending package, kevin mccarthy leading that charge speaking on the house floor for more than 8.5 hours wrapping up less than 25 minutes ago after taking the mic after just after 8:30 p.m. eastern time ylan mui joins us now. that was a long time what was the point of the conversation there it's not a filibuster we get it,

but what can you talk about for 8.5 hours on this particular move >> reporter: he talked about everything under the sun from the border to the democrats' social spending package to personal anecdotes about members of congress. but it was the longest speech ever on the house floor, as you mentioned, clocking in at just about 8.5 hours. he got a standing ovation from republicans at least when he was done >> there's a record. there's a record i'm competitive. i'm competitive. >> reporter: now that record he was referring to was set by none other than house speaker nancy pelosi herself in 2018 and the point of that speech-a-thon was to delay the long awaited final vote on democrats' social package in the house. it's expected at 8:00 a.m. and it is expected to pass

democrats having convinced moderates to vote for the bill after the cbo found the package would add $367 billion to the deficit over the next decade but that projection does not include any additional money from enhanced irs enforcement. the cbo said that would raise another $127 billion on net. but the white house argued that number is probably like $400 billion, which would mean that the package more than pays for itself that was enough to winmurphy last night she called the bill fiscally disciplined but they have lost gerald golden, he plans to vote against the package because of the cap on increased state and local deductions and remember, this vote in the house, this whole delayed process, this is supposed to be the easy vote. there are even bigger hurdles and potentially longer floor

speeches waiting ahead for democrats when the bill reaches the senate. >> you read my mind, because i'm thinking to myself, what's it going to play like out in the senate then? what exactly are the key issues that folks like senator manchin from west virginia and senator kyrsten sinema will be trying to figure out with debate when it reaches the upper chamber? >> reporter: there is one provision in the package that we know senator manchin has concerns about, the provision around paid family and medical leave. he does not want to create a brand new from scratch, another one is what lost democrats the vote of gerald golden, the cap on state and local tax deductions the cables from the official scorekeepers that show who benefits from that tax cut,

really, is primarily skewed towards the wealthy. and that's a concern for democrats on the progressive side and they are determined to make those distributional tables look a little bit better >> the state and local tax deduction issues, a huge one because it highlights the cost of living issues and disparities we have across many parts of the country from coastal areas in the northeast to the interior of our country as well. thank you for the update there on what's happening with the senate and the house floor right now. to the other top stories silvana isback with those. good morning. >> good morning, a bipartisan coalition of state attorneys general is investigating how instagram attracting young people increasing pressure on facebook, led by eight states including massachusetts and nebraska, the

coalition is focussed on the techniques by meta to get young users and the resulting harms. this coming as tiktok usage is spiking among younger americans. according to a survey this year, 63% of americans between the ages of 12 and 17 use tiktok on a weekly basis, compared to 57% for instagram. in 2020 instagram led that shares of sofi are under pressure this morning after venture capitalist chamath palihapitiya said he sold 15% of his stake in the company he also said he intends to increase social capitals in investment and medical provider clover health but did not state by how much. back to you. >> thank you for those movers there. a big week for retail earnings coming days ahead of the

official start of the holiday shopping season on black friday. the latest to ring in with the positive results yesterday, department stores like macy's and kohl's, both raising their profit and sales outlooks for the year after third quarter sales beat forecasts macy's has taken steps to ensure it has enough inventory on hand to offset any supply chain disruptions. their ceo spoke with jim crammer last night. >> we're in a healthier place than we were entering the pandemic look at our balance sheet, we had the opportunity to invest in our business and a good post today thanks to 100,000 colleagues a that wake up every day ready to serve the customer. >> let's talk more about the retailers and the holiday shopping season with the ceo of the chief research officer at the tellsy advisory group.

we have the great resuls from the retailers, what does it say about the expeck atttations fors holiday season >> the expectations are moving higher the consumer is resilient and strong they have a higher savings rate, wages are up year over year and significant pent up demand to gather and socialize it's interesting that you're seeing -- you just had the previous guest talk about leisure, business and leisure. look at what thanksgiving is going to look like more families are going to gather together. the retailers overall have been able to manage through the the supply chain difficulties. they are real we'll see it through the first half of 2022 but the big have been able to get the inventory that they need and are now planning for easter. it's an exciting time for retail their expenses have been reduced. there's a better flow through to the bottom line. we've never seen as much full

price selling and that's the question for 2022. what's sustainable in terms of these full prices out there. >> less promotional environment, we're seeing video of foot traffic that should be up better than last year given the easy comp during the pandemic who benefit as shoppers get out to more normal activities. >> when foot traffic last year is estimated to have been down 35% during black friday weekend, anything is going to look better for a black friday weekend coming up. and most stores this year are closed on thanksgiving day, so you don't have that comparison i think yes, you'll see the department stores do better, the discounters, walmarts and targets get their fair share of traffic. let's talk about the specialty retailers, too given that people want to dress up and haven't bought new clothes for nearly two years. the levies, bath and body works

is a winner for the holiday season we'll see certainly an uptick. >> are you worried at all about profit margins we've heard walmart and target say they're going to try to absorb some of the cost pressures and not pass them to consumers. is that a short term thing as investors worry about the profit margins >> i think over the next few quarters it is something to be concerned about because we've had what's sustainable in terms of the level of margins when inventories normalize. but overall, i think 2022 and the set up for the consumer is continuing to be strong. if we can have higher than expected sales, which it seems we're on that path to, especially with discretionary goods, there's flow through to come because i expect the guidance of the retailers guiding through 2022, they're going to be conservative in the margin guidance because you can't set up expectations for trees to grow to the sky.

>> of course not they have to manage the expectations dana telsey thank you. have a nice weekend. >> thank you you too. coming up on the show, do you have lunch plans i do if you're a power player, which i'm not, in new york you probably have lunch plans. robert frank looks at how the masters of the universe, the big shots, are spending their afternoons is the "power lunch" back? as we head to break, first quarter sales and first quarter profit and revenue guidance missing estimates. shortages are slowing supply chain of chip equipment. sales would have been $300 million higher without supply chain constraints shares of farfetch tumbling as the third quarter sales missed expectations the stock had rallies late last week after they confirmed they were in the talks with r

richemont. and williams and sonom a shares are falling today. that stock has more than doubled over the past year, those shares down 8, 9% in the premarket. "worldwide exchange" is back after this ♪ music ♪ ♪ dream, dream when you're feeling blue ♪ ♪ dream, dream that's the thing to do ♪

♪ music ♪ when you see value in all directions, you add value in all directions. accenture. let there be change.

welcome back to "worldwide exchange." do not adjust your clocks, it is not yet even 6:00 a.m. on the east coast but this morning we

are talking about the return of the power lunch. robert frank joins us from new york just about this time i think i can use some pizza or chicken parm, but the power lunch is maybe back for real this time? >> it's always lunchtime somewhere, maybe our french viewers this is important. and look at new york city, less than a thursday of new york city workers are back in the office but the power lunch is back in full swing after being closed for lunch for over a year the dining rooms of the elite are open and filling up fast, look at michaels, the grill, all those big power places nearly back to their former capacity at lunch, prime 12:30 reservations hard to get at some of these places and there are battles over the prime tables because it's all about where you sit in these places. but the pandemic has brought some changes hybrid work weeks means tables are packed on wednesday but

emptier on mondays and fridays the groups are smaller many executives still prefer to be outdoors dining rather than indoors. some of the menus are a little more limited and managers say more power lunches are drinking again. there are fewer restaurants in total in new york city, we lost about 2,000 of the 27,000 restaurants in new york. but there are more reopening and new dining spots like zero bond, that's where the new york mayor celebrated his recent elections are popular with the younger power elite. the biggest challenge as you might expect and we've been talking about on cnbc for weeks, the biggest problem for the restaurants is finding workers many have not opened for lunch not because of a lack of demand but because of a lack of space >> it's amazing because, you know, i thought to myself, listening to your report there, that there are certain restaurants near me that cannot

operate at full capacity, they have to shut at certain times during the day, because they explit sitly have siegns on ther doors saying they cannot find enough people to staff their operations what's the outlook for these restaurants? do the power restaurants feel as though in the winter when people don't want to eat outside, even with heaters and they can't find help is it still looking good going into january, february and march? >> reporter: they're hoping the labor market loosens up a bit. it's still down about 40% restaurant wise in new york. it's not because we have fewer than 40% of restaurants. it's because they can't find workers. some places said to me, we can't open for dinner on monday and friday because we don't have the staff. so some of the places aren't

open for dinner five or seven days a week like they used to be so until they sort that out they can't open for capacity at lunch. that's the problem right now, staff. >> we're not talking about opening a restaurant in new york, paying a rent and not being able to sell product at a certain point in time. this is a huge issue around the country. thank you. coming up, a look at insider buying activities, well known names and one company's chrmaian making a big purchase for the first time ever. that's coming up

at cdw, we get how to achieve calm amidst the chaos of a hybrid workforce. google chrome os orchestrated by cdw brings you built-in proactive security with no reported ransomware attacks ever and simplified management with fast deployment and zero touch enrollment, so that nothing disturbs your peace. for built-in security and fast deployment, trust chrome os and i.t. orchestration by cdw.

♪♪ for skin that never holds you back. don't settle for silver. #1 for diabetic dry skin #1 for psoriasis symptom relief and #1 for eczema symptom relief. gold bond. champion your skin. welcome back it's time for your exclusive weekly insider buying segment, highlighting the biggest executive stock purchases of the week. the data comes from insider score.com. as always we count you down from five to one. number five is ihart media with a $500,000 stock buy by the

company's chief financial officer. number four is krispy kreme, the chairman buying up $693,000 of stock. another insider also had a big buy at krispy kreme as well. number three is illinois tool works a board member buying about $2.3 million worth of that stock, the largest insider buy in years at itw. number two this week is uber, nearly $9 million purchased by the ceo. he bought 200,000 shares at around $44.92. and the top insider buy this week is at arch capital group. a massive $23.57 million buy from the board chairman. this is his first big buy ever in 20 years on the board of directors. arch is a bermuda based reinsurance company. two weeks ago the biggest buy

was at another reinsurance company that was renaissance so there's been two huge insider buys lately in this little talked about industry. one to watch there's the top five, iheart, krispy kreme, itw, uber and arch it's a segment you'll see only here on "worldwide exchange" every friday now back to the markets. it's an options expiration friday and that means an increase often in volatility we have seen choppy trading this week even as the s&p sets its 66th all-time high of the year joining us is jenny harrington, a cnbc contributor i wonder if you're at all worried about the fact that the markets are doing what they're doing right now, setting record highs and seeing countries like austria go into full-blown lockdowns for covid again? >> i'm never worried because i'm

a long-term investor so the short day choppiness, intraday, week or month, they never worry me i worry about much bigger things that are much further off that are frankly, frequently unatt unattainable i'm not worried about today. i'm working on adding a new position to the portfolio, i can't talk about what it is yet but i'm hopeful i get better entry points because of this on days like this i see it as more opportunity than fear in fact, as you were leading up to this, i was wondering if i could reach across my office, i have a bumper sticker that says i love volatility. i do love volatility because it offers opportunity >> let's talk about the parts of your shopping list you can talk about. what's on there right now? >> well, two weeks ago we added jetblue. i thought it was cool you had the segmentment this morning wih scott berman because his

commentary on the business traveler returning and on leisure picking up the space, totally supported our investment thesis on jetblue. where we are on that you know we're very cash flow oriented this was in our growth portfolio. on this one, we're comfortable being early to that. on these airlines or any of the hospitality you want to look at you need to be patient and early. the business traveler is returning, leisure traveler has returned if not fully, is well en route there if jetblue can get back to the $2 they earned prepmdandemic an you give it a ten times multiple, you have a $20 stock, a 40% upside from here but to your initial point do you worry about the volatility today, you need to be patient with this, early we bought it around 15 and change last week we're down on it that's fine, it's a long road ahead. that's one thing on the shopping list do you want me to do more?

>> we have about 30 seconds left i know there's a dividend investor, is there something from a dividend perspective you like >> yes, i love my core holdings, iron mountain that trades at 15 times, verizon horizon, 10 times. these are stocks you can keep your head down, collect your income, know you don't have much risk in terms of multiple and just get through this really tricky market that might kind of unnerve you on individual days and weeks. >> jenny harrington at gillman hill, always great to get your thoughts have a great weekend >> that does it for us on "worldwide exchange," "squawk box" picks up the coverage next. i hope you all have a great weekend. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme.

every day in business brings something new. so get the flexibility of d the new mobile servicen. designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities.

good morning, stocks, modest losses for the dow to close out the week but the nasdaq is indicated high e, closed higher yesterday along with the s&p we'll show you what's moving. drama in d.c., house minority leader kevin mccarthy is like jimmy stewart, held the floor for eight hours delaying the vote on the president's social spending plan we'll take you live to washington it wasn't a record, though p i think speaker pelosi in a former life did that for longer. social media crackdown, a group of states launching a probe into instagram over its impact on teens. details are next on this friday,

friday, friday, november 19th, 2021 "squawk box" begins right now. good morning, everybody. happy friday welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. and on this friday morning let's look at what's been happy with u.s. equity futures. yesterday the s&p and the nasdaq, actually the nasdaq 100 too all three of them set record closes the dow was down by about 60 points. week-to-did date the dow is down, indicated off .6%. this morning more red arrows for the dow. it's indicated down another 87 points s&p down fractionally, the nasdaq indicated up by about 67. if you'r