break is some political ad for whatever it might be thank you. on the positive side of things, the markets have been taking their cue from the bond market in the past month yields have come down, they're back to where they were before the last fed meeting how about that i'm going to fly to vienna, austria now, we'll see you tomorrow and "power lunch" begins right now. >> safe travels, go do your work and we'll look forward to seeing you from vienna. welcome, everything, to "power lunch," along with seema mody, i'm tyler mathisen here's what's ahead on a busy trading start for the month of october. stocks surnlging to start this w months rebounding from those lows technology coming off a brutal quarter. is that where you're going to find some of the biggest returns

from now until year end. we have got your power play book wall street divided. some analysts say credit suisse's position is healthy others say no. we've got questions and answers, the latest developments on that embattled bank seema. >> tyler, we are near the highs of the day, stocks rallying to start the month of october the dow up about 716 points right now. that's an over 2.5% gain for the dow jones industrial s&p 500, the nasdaq also seeing gains of around 2 to 2.4%. now, the rally comes as treasury yields are dropping. the yield on the ten-year now at 3 3.6% the two-year, still above 4.4% you can see yields moving there. energy is the bets pst performi sector today oil slightly higher. you'll see marathon oil, devon energy, gains of 8 to 9% at this hour and it's a big week for economic

data a manufacturing report showing activity grew at its slowest pace in more than two years. ambassadors are looking for signs that the economy is cooling and what it could mean for the fed. later this week, we do get that very important jobs report joining us now for a look ahead is stephanie link, chief investment strategist and portfolio management at high tower advisers and a cnbc contributor. it's great to have you on. first your read on the ism manufacturing data didn't really illustrate a strong picture. >> know, it really at no time. it actually was a little worse than expected. we've now seen declines in three out of the last four months from the ism manufacturing survey it came in at 50.9, so it is still expansion, but barely so definitely showing a slowdown. that's what we're looking for, right? that's what the fed is looking for. the interesting piece was the price index fell to the lowest level since june of 2020 that's good news on inflation.

prices are startingto come down we do get other data points this week i think with e de do get the ism services figure. jolts we get, job openings, about 11.1 million, still quite strong, and then you mentioned the non-farm payroll number. all eyes are going to be on the average hourly earnings figure, which is expected to be up 5.1%. and that's what the fed is looking for, and that's much too high in their estimation so let's watch that number >> and then there's the unemployment report, right if it goes above 4%, speculation about a fed pivot, even though mohamed el-erian says the market likes to fixate on whether that is going to happen. >> yeah, i know. i think it's much too early to talk about the fed pivot it's just much too early there's too many stickier parts of inflation right now out there. mentioned wages but also rents are still quite high, and those two pieces along with education and health care, those are going

to keep inflation much more elevated even if we come down from the 8.3 cpi number and the 4.9 core pce number that we got last week, it's still going to be high and the fed is still going to probably likely be hawkish. >> let's talk about a couple of stocks that you are going to be watching this week, not necessarily suggesting, but you have your eye on american electric and mccormick, why those two and why are they somehow tells about the economy or the market? >> well, good to see you too, tyler. american electric, i rarely come on this show and talk about utilities. i just don't really have a lot that i invested there. this is an interesting company they're doing some very good shareholder friendly actions they have twin goals, esg as well as growing earnings at the same time, and while you wait for this to develop, the stock actually offers a 3.6% yield, trades about 17 times, not super cheap. that's one of the reasons i don't own it yet it's certainly on my radar they're going to have an analyst

t day. they have a cagr to grow about 6 to 7% in earnings by 2026, and they're heavily investoring not only in transmission and distribution, the typical utility stuff but it's also renewables to that extent they are actually selling their unregulated renewables portfolio, and i think that will be a nice catalyst for shares. i expect shareholder friendly actions as a result after they do that. >> and mccormick, the spice company? >> yeah, so i don't expect fireworks because they already preannounced in early september, but this is a tell on the consumer and the tradedown, right? so when they lowered guidance by 13% in the median, 1% was a hit are fro from marketing spend, 4% from supply chain but 8% was volume weakness that tells me demand destruction. they have been putting in lots of price increases, double-digits, and that's starting to impact the consumer. we're going to get more of a tell on the consumer versus any kind of stock action in my

opinion. >> and we've got a week to wait. next week big friday, banks, morgan stanley, citi, jpmorgan, wells fargo. what do you think in a phrase or two? >> i'm calling it super friday i think we know that all of these companies are going to benefit from higher net interest income, net interest margin, that's because of interest rates but then you're going to see very mixed results in investment banking and sales and trading and mortgages. so i think the companies that will benefit from higher rates plus a good expense management, i think they are going to act better out of the four names, morgan stanley, citi, jpmorgan, and wells, i prefer wells into the print s print. >> thanks very much, stephanie link. shares of credit suisse have rebounded after falling sharply on word the company is trying to reassure investors and employees about its financial position leslie picker has been following this story very closely. she joins us now with the latest leslie >> hey, tyler. quite a volatility name, credit suisse executives seeking to

dispel this notion that took fire on social plat fforms over the weekend that the firm is on the brink of collapse. a lot of conjecture and rumor contributing to this vortex of fear let's take a step back and dissect the facts as we know them at this time. amid a slumping price, which ensure bondholders in the event of a default, credit suisse's ceo sent out an internal memo obtained by cnbc on friday in it he said, quote, i trust that you are not con fauzing our day-to-day stock price performancewith the strong capital base and liquidity position of the bank sound familiar well, to some that language was reminiscent of the financial crisis when banks and ceos tried to assuage that their firms were on stable footing and later would go under but unlike the financial crisis where investors could pinpoint firms that had faulty mortgage-backed securities, it's unclear what if anything could

cause credit suisse to face major issues at this time. based on publicly available financial statements, the firm has a respectful 13.5 ce 1 ratio, that's a measure of a firm's ability to withstand distress ask a third of its assets are in liquid and low risk deposits and securities the big question mark is really the firm's purported transformation that's set to be unveiled when it reports third quarter earnings on october 27th the overhaul itself is expected to consist with divestitures and restructuring of various units including reportedly siphoning off risky assets analysts estimate this process could be costly and with where the equity and bonds are trading today, perhaps even more so if they do need to go out and tap the market for more capital, although the sources close to this one have said they're not doing so at this time, guys. >> and leslie, the big worry when people hear what you just said is that this will spread. this could potentially be

another lehman moment. >> i do not think this is a lehman moment, if a lehman moment is defined about counterparty risk in the banking system if you're worried about systemic risk, look at the non-banks, not the banks. >> that's el -arian says this isn't. what are you seeing? >> i think a lot of people, especially on the social platforms are looking for history here and looking for when the next lehman shaw will drop if you look at what the u.s. banks are doing today, they're all up pretty significantly. you'd think if the market believed there was a significant contagion risk here they too would be dragged down or at least see some of the volatility we've seen in the european banks today. there's not to say there isn't

interconnectivity here, there isn't similar types of dynamics with regard to interest rate volatility and other balance sheet risk that other banks could experience it's not looking like at least the market believes there's too much contagion risk as we go about our trading day this monday. >> we're looking at a stock that's about 399 right now leslie, so you could buy it at 5 below i guess. thanks very much, leslie picker stay with us we want to bring in cnbc.com's hugh son is there a ton of concern out there or are some concerned and some not >> this is the hottest story in banking right now. as you know over the weekend and today a slew of analyst reports and jopmorgan and citigroup are saying essentially we view their capital, credit suisse's capital as healthy, you know, as leslie

g just alluded to. now, i'd be remiss if i didn't mention the great majority really, the other analysts looking at the jeffries and kbq say to a certain extent, you know, perception bleeds into reality, at least as it goes into the cds, which is flashing warning signals here, and they do believe that, you know, the bank will be forced to come up with capital as part of their restructuring plan as we know is supposed to be released october 27th f it takes that long. one of the issues they talk about -- or specifically in terms of the size of the amount that they'd have to raise, up to 6 billion in credit, you know, in swiss franks according to kbw. >> what was it about credit suisse's portfolio or their investment tactics -- whoever wants to take it, raise your hand -- where did they get into

trouble? >> with credit suisse there's two specific stories there's the credit suisse story when you have an institution that has to go up against the jp's and the morgan stanleys of the world, are they essentially forced to, you know, take adverse selection with the clients? you look at what they did and of course this is a risk management story. if you look at what they did with green sell and archegos, they've had huge blowups that have to do with risk management and have to do with perhaps giving business to institutions and counterpartys that others would thumb their nose at. when you look at this history of blo blowups you to have to wonder what else is hiding under the balance sheet as global macro risk-off happens are there other things that have yet to blow up under balance sheet? >> i guess, leslie, when you're fifth in a four-horse race you've got a problem there hugh makes the point that some of the client list was not as blue chip as other banks have. >> well, i think it fendepends n

which part of the bank the private wealth business is seen as pretty strong across europe in terms of other potential risks, though, hugh braought up great points as kind of black swan events that have occurred more frequently than you'd like to see over the last few years another issue that's kind of come to the forefront over the last few weeks is the leverage finance market where credit sw swe swees is a very big player the banks that underwrote that couldn't get that debt off their books. they had to take some mark-to-market losses there. it's looking like other large lpos that are in the works might also be, quote, unquote, hung deals. that's the potential risk. none of it seems to be the size that would really take down a bank per se. none of it's even along the size of the losses suffered after the

archegos situation situations like that are special -- as you see the stock price fall, you know, starts to make investors a little wary. >> a number of banks expected to report this friday do you expect credit suisse to come up on the concerns call, and how do you expect ceos like jamie dimon to respond? >> i think everybody's going to ask what's your counterpart exposure to credit suisse. from the americans saying look, our capital versus pre-financial crisis in 2008 is more than double the way it used to be we are prepared for a storm. we are prepared for jamie dimon's hurricane to come, and when it does, you know, we'll be fine at the end of this. >> fascinating story continuing to unfold. hugh son and leslie picker, thank you both very much. coming up, skyrocketing mortgage rates aren't derailing plans to purchase homes over the next year. we have a surprising result of a new housing survey. plus, the nasdaq 100 coming

off its third negative quarter in a row for the first time since 2002, but there are names that could power higher in the coming months. we've got that list. before the break, a look at carnival, which is giving up early gains. the stock hit a 30-year low on disappointing earnings on friday that stock down again.

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welcome back to "power lunch," i'm kristina partsinevelos. peloton is firmly in positive territory as the company strikes a partnership with hilton that will see at least one bike in all 5,400 hilton branded hotels in the united states the majority of the locations are expected to have their bikes by the end of this year, and it's part of peloton's wider turn around efforts after peaking early in the pandemic. the stock though still down about 80% this year and hit a fresh all time low of 666. that's $6.66 in today's trade before rebounding. thank you very much. there's a lot of talk about housing recession with mortgage rates spiking and sales softening, but according to a new survey, potential home buyers are upbeat about their prospects. joining us now is the analyst behind that survey john lava low with ubs i have to say, some of the numbers in here seem outlandish to me to be honest with you.

44% of respondents plan to buy a residential property over the next 12 months, the highest reading since the survey began in 2024. that's two out of five people. who are you surveying exactly? >>. >> that's a good question, tyler. it's a wide-based survey this housing intention survey is from our evidence lab at ubs it's one of the longest standing housing surveys on the street it's a wide range of folks we're surveying across demographics. it's a pretty unbiased account here. >> how big is the survey how many people are surveyed >> over 2,000. >> over 2,000, and it is not high income skewed it is just the general population >> correct and there's some other interesting things that came out of this. you mentioned the 44% of respondents that would buy a residential house. that was a record. 70% strongly agree that owning a

home is a great investment 80% didn't view afrfordability s a major problem and 90% believe the value of their home is going to be higher in six months that's important. >> my note says 78% of respondents versus 66% in june believe that finding an affordable home would be, quote, somewhat to very easy. somewhat to -- but wait a minute, interest rates have gone to 7%. prices may have come down a little bit like 1% in the past two months, but that's ti-- i js don't believe that i just don't believe that people think affordability is no sweat. >> you know, tyler, it was surprising to us as well and the numbers are the numbers. let me give you a little perspective around it. one, i think that if we look at what happened in august with new home sales, interest rates came down a little bit. it shows that there was a lot of demand elasticity. a print of 685, that was up 29% sequentially now, also keep in mind, we've

been talking about this for a while. there are a lot of levers that that first time home buyer can pull living a little further away from citi. there's a huge generational wealth transfer. not to mention student debt relief that first time buyer that's driving things here today in the market is still reasonably well set up and if they can buy, they will buy, even if that means buying less. >> and the price of homes are falling fast the biggest monthly decline since 2009 curious, looking at the data that you ran, john, and the survey, what does it tell people who are watching right now how to invest in homebuilders, the sector you cover >> yeah, it's a fair play. look, prices were down sequentially, and i would say actually marginally. it wasn't historically a bigger move than normal if you look year-over-year, they were still up substantially. how do you invest in the group

right now? i think you have to be very careful. "associated interest rates are moving 20%. what i am saying is it's the time to do the work on the stocks and get ready we are heading into seasonally a very strong period for the stocks if interest rates can just settle, we could have a hope trade that could be on steroids. >> what would you say to critics out there who don't believe that homebuilders will have the pricing power in an environment where the economy continues to soften, rates stay above 7%? >> i think it's a very fair pushback, right? i mean, look, these are production homebuilders. they are going to find the clearing price for the home. they're going to sell homes regardless of what it takes. they need to that's their job so you know, our view is that there's just not enough inventory in the market, right you think about it, 90% of the market is existing homes, and there's about 3.2 months of supply that's about half of what it should be historically and half of what it was normally. that means that there's just not much out there and to the extent people are going to buy homes, they're

probably going to be forced to buy new holes. >> we'll have to get you back and get this survey again next month to see if those responses change at all. john lavallo of ubs. >> maybe it's a lot better than i'm sensing but the idea that 40% of people are going to sell their homes or buy a new home in the next year seems very high to me, given the economy, given where interest rates are. >> if you've locked in 2%, why would you now want a 7% rate there must be a big reason >> there are a lot of renters out there. we are in rally mode, the dow industrial is just below 30,000 up 2.7% s&p 500 up 97 points, all 11 s&p 500 sectors are moving higher right now, wow, ahead on "power lunch," the s.e.c. keeping up with the kardashians, the queen of influencers getting hit with

a million dollar fine for failing to disclose she was paid to promote a crypto asset on her instagram. we've got that story. bolsonaro bolstering brazil. the emerging market soaring after the weekend's election results. plus, recycling renewables we will take a look at the company that recycles solar equipment. "power lunch" will be right back ♪♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. making sure you have the right balance of risk and reward. and helping you plan for future generations. this is "the planning effect" from fidelity.

. kim kardashian settling with the s.e.c. on charges she improperly pumped a crypto asset. julia boorstin joins us with a look at the settlement and this whole phenomenon around influencer marketing julia. >> well, seema in addition to $1.26 million payment, kim kardashian agreed not to promote crypto crypto securities for three years and to cooperate with an ongoing investigation. at issue, she failed to disclose a payment she received for promoting a security called ethereum max on instagram in a june 2021 post investors sued her along with floyd mayweather and former nba

player paul pierce over this for allegedly artificially inflating the asset's value. s.e.c. chair gary gensler explaining on cnbc this morning how s.e.c. disclosures are different than instagram's requirement to tag a hashtag ad. >> also, this is a highly speculative asset class, and so when a celebrity or influencer's touting it, it's important that the public understands that relationship and are they getting paid and how much they're getting paid on their instagram site that's what this was about >> kardashian's crypto promotion is part of a growing trend of influencer marketing u.s. marketers are expected to spend about $5 billion on fliensefl influencer marketing this year defying concerns that macro challenges would hurt spending in the category. and while instagram still has the biggest percentage of

spending on influencer marketing, tiktok is the one making gains it's on track to overtake facebook's market share this year, and then youtube's market share in 2024. but those influencers, they're likely to be a lot more careful when it comes to promoting securities guys. >> this is really just a question of promoting securities i mean, if an influencer is promoting an automobile or a brand of makeup, they don't have to disclose that it's an ad. this is just securities. that's question one. >> well, they do so instagram does have rules about this instagram says that if you're posting something that is paid promotion, you have to say #ad and make that clear. of course there are some people who do this frequently there are a lot of hashtag ads. what gary gensler was saying it's different when it comes to a security we're not punishing her for not disclosing that it was an ad she did disclose that it was an

ad, but she dnt say how much she was getting paid and this was a speculative security that she was promoting. >> did chair gensler get to meet kim kardashian, do you know? >> i don't know. that's one question i can't answer. >> i'd like to be a fly on the wall for that meeting. i'm just surprised. >> i'd like to be at that meeting. that'd be fun. julia, great to see ya good-bye, julia, wherever you went bye. let's get to kristina partsinevelos for the cnbc news update i know where she is. >> you know where i am, hi, tyler, let's talk about the news sentencing is being delayed for theranos founder elizabeth holmes this after a star witness for the prosecution showed up at holmes' house this summer and expressed regret over his testimony. a hearing about possible misconduct has been set for october 17th the trial has begun for a man charged with driving through a wisconsin christmas parade and killing six people david brooks is representing himself. he petitioned the court to do so

and the judge found him competent to make that decision. the man who helped unlock se kr credits about human evolution said he had no idea he would win this year's nobel prize for medicine is a van sa paabo. at first he didn't believe he is now a nobel laureate. >> i think i haven't quite digested it yet actually, but at first thought this is probably an elaborate prank done by people in my group, but then it sounded a little bit too serious to me. so i sort of accepted the fact >> i think anyone would take that elaborate >> wow, nice that's lovely. up next, the "power lunch" fourth quarter play book as we enter the final stretch of this volatile trading year. we break out key sections for names that could provide a

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90 minutes left in the trading day, and we want to get you caught up on markets we have stocks, bonds, and commodity coverage and the tech play book for the fourth quarter. let's begin with bob pisani as the market rally is gaining more and more momentum. we all are trying to figure out does this rally have legs? >> maybe i'll tell you what's important it's very broad, so caterpillar honeywell, chevron, united health, big moves on the upside. highs for the day. i'll tell you why that's impressive bond yields were down throughout the ta they started rising a little bit. the yields are still lower the ten-year is 15 basis points lower, but the market still keeps moving up. that's the first time in a long time yields start moving up a little bit more, and the stock market still stays high. that's a good sign we haven't seen it in a while. take a look at some of the

movers metals very strong today, freeport's up 8% nucor has been terrible recently, up 7 cleveland-cliffs up about 9% big cap technology stocks doing okay, not amazing. apple is on the upside, amd, nvidia, let's call the whole thing 3%, that's pretty good given how strong the overall market is. they're moving in line with the s s&p. how about energy, these are the names, the ones that would move the most high beta energy names 9%, 8% those are big moves. that's way outside a normal trading pattern. finally, it's interesting, cathie cathie wood ark funds have been doing okay it if it wasn't for tesla, that's really what's holding the stock down that's the other big test of real risk on other than that, roku, zscaler, these are all the major holdings outside of tesla

>> bob, thank you. now to the bond market, rick santelli tracking the action there as we start to see sharp drop in yields along with the rally for stocks rick. >> yes, and bob asked a great question and maybe we could weigh in on that yields moving down makes sense to see equities moving up, but as they've started to firm slightly on treasury yields, what's going on? well, i think it's because it isn't necessarily a big capitulation trade, but it's ab abouts a about s a close as you get many traders think last wednesday's extreme yields might be as much as we're going to see for a while. so let's start all the charts on wednesday the 28th here's the ten-year. we're up 4.01 intraday, which means we're about 36 basis points lower right now but that's not all look at boon yields on wednesday. they were up 2.35 at intraday. down 44 basis points

these are huge moves look at yields which was center stage because of liz trust and all the issues around the globe, trying to cut taxes and of course the 45% tax rate that they pulled with respect to the rich rich that amounted to 2 billion pounds it was at 458, 395 it's 63 basis points lower on today's close and the dollar index made its fresht 114.10 on the 27th now, since then today is going to be the fourth consecutive session it looks to close lower, and that's reflected in bounces in the pound and to some extent the euro, but it really underscores there's been a whole shift in psychology on flight to safety of the dollar and today we had weak data, which also put a variety of buyers into the fixed income space pushing yields lower seema, back to you

>> a weaker dollar, investors will take that rick, thank you r. now to oil which is rallying as opec considers a production cut ahead of tomorrow's meeting. pippa stevens is at the commodity desk. >> oil prices are bouncing today following reports that opec and its allies could cut production by 1 million barrels per day when the group meets on wednesday. the meeting will be held in person in vienna for the first time in more than two years, which is also fueling speculation that some sort of big move will be announced but it is important to note that the group has been under producing relative to quota. if a 1 million barrel per day cut is announced, it will be more like cuts between 30,400,000 barrels a day according to cidc private -- she added that consensus stands at a 500,000 barrel per day cut could balance the market, so this gets pretty close let's check on prices, wti up 5.3% at 83.67.

brent crude right around $89 for a gain of 4.5% natural gas going in the other direction on weaker weather-related demand, ebw analytics saying it could take temperatures jump starting heating season to reverse the current bearish momentum a quick check on energy stocks leading the s&p 500 with a gain of more than 5%. seema. >> best performing sector right now, pippa, thank you. let's turn to our power play book, the nasdaq is down 31% so far this year, dragged down by some of the widely held names like nvidia, amazon, meta and salesforce are any down tech names a good buy in the fourth quarter. brent till is the managing director and senior technology analyst at jeffries, what should investors do here? >> i think ultimately the pain isn't over we still have some headwinds coming in as it relates to numbers having to be cut and 2023 is really uncertain

investors are buying stocks for '23, not the rest of this year ultimately most tech investors are sitting by on the sidelines, not a lot of conviction until we get to early '23 to hear the outlook. many of the tech companies have been way too bullish relative to what we think the demand is going to look like we're a little tactically cautious our economists, our strategists have all said that -- have been in front of this that there's pain to come, so we think we're not out of the woods that being said, there's a handful of names that we like. one would be adobe, which is powering the creative movement they did a big -- the larges deal ever with figma, and that create add $40 billion selloff in the market cap today, you know, the deal was worth 20. so ultimately it got hit harder than the value of the deal, and this has been a story that we've stood by for many years, one of the best managed teams one of the most disruptive companies growing 15 plus % with

a 40% off. not many companies like this figma's going to change the game for them in collaborative design >> sorry to interject. the names that you like are none of the widely held names like meta, salesforce, apple. tell us why you're going for these niche tech companies, versus some of the widely held ones. >> well, i think the widely held ones like microsoft have done well we like them what we're looking for are names that are dislocated or there's been some event or we feel good that if the environment gets worse these companies can hold up palo alto networks would be a name that could hold up. cyber spend will continue, and this is one of the best management teams, they have an incredible track record, taking market share that we have believed in for quite some time. they will have the ability to fly through economic headwinds if we continue to see layoffs, microsoft is going to lose altitude as relates to their

seat sales, and with the reported ethics headwinds. i like microsoft, nothing against microsoft, just believe that palo alto will be more defensive in an environment like we're in today for a company like match, it really goes back to, you know, global dating. the world's reopening, japan's their second largest country, that's reopening, where you don't need a visa or a tour guide to get in. we think there's some interesting opportunities there as well given how poorly the stock has done. >> and match is up 5%. thank you for watching us through your play book. all righty, coming up next, today's clean start as renewable technology advances, how do we properly roecycle the older components that's where solar cycle comes in as we head to break, we celebrate our cnbc teammates, contributors and guests. here's the agua media chairman

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advantage plans that can provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you are covered for hospital stays and doctor office visits but you have to meet a deductible for each, and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare, and they also cover your medicare deductibles and coinsurance. but they often have higher monthly premiums and no prescription drug coverage. now, let's take a look at humana's medicare advantage plans. with a humana medicare advantage plan, hospitals stays, doctor office visits and your original medicare deductibles are covered. and, of course, most humana medicare advantage plans include prescription drug coverage. with no copays or deductibles on tier 1 prescriptions, and zero dollars for routine vaccines,

including shingles, at in-network retail pharmacies. in fact, in 2021, humana medicare advantage prescription drug plan members saved an estimated $9,600 on average on their prescription costs. most humana medicare advantage plans have coverage for vision and hearing. and dental coverage that includes two free cleanings a year, plus dentures, crowns, fillings and more! most humana medicare advantage plans include a silver sneakers fitness program at no extra cost. you get all of this for as low as a zero-dollar monthly plan premium in many areas; and your doctor and hospital may already be a part of humana's large network. there is no obligation, so call the number on your screen right now to see if your doctor is in our network; to find out if you could save on your prescriptions, and to get our free decision guide. humana, a more human way to healthcare. - oh, the stock market is doing that fun thing again. news from the future: you're going to live through that about 10 more times! (laughs)

no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing. solar panel is probably one of the greatest things you can think of, but when that solar panel gets old, worn out, it becomes garbage just like everything else. but what if even the oldest panels could be recycled and reused diana olick joins us now with more on that in her continuing series on climate startups hi, di. >> hey, ty the u.s. alone could see 1 million metric tons of solar panel waste by 2030 as older models fail or are replace bed b

more powerful new ones it doesn't have to be waste according to a new startup called solar cycle. >> we are applying very advanced technology to recycle solar panels to extract all the key materials out of these panels. they have a lot of valuable materials. >> reporter: solar cycle claims it can inexpensively subtract 95% of the high value materials in solar panels like silver, silicon, copper and aluminum they can then be repurposed or returned to the supply chain creating a circular solar economy. >> we're seeing increasing volumes that need to be recycled what we want to do is avoid having those go in the landfill. >> reporter: partnering with sun run, one of the largest solar services providers in the u.s. is allowing the barely 1-year-old company to recycle at scale. >> it is absolutely cost effective in the context of what our customers desire for us to be doing and the future of solar

panels and the clean energy revolution. >> reporter: not only cost effective by valuable. recyclable materials from solar panels could be worth more than $2.7 billion by 2030, up from 170 million this year according to reistad energy. while solar cycle is in very early stages, the company is quickly seeing high demand investors include linden rooefr of sun power, peter rooef of solar city, closed loop partners and urban innovation fund. total funding to date, $6.6 million sharma says there is surprisingly little competition in solar recycling because the technology was lagging causing a gap in the market. the recycling that was available was far more expensive and rudimentary. solar technology is advancing rapidly making new ones more efficient and . >> we try to think of solar

energy as something relatively new. so why are we dealing with so much potential waste already >> well, tyler, because a lot of people don't realize how much the solar industry has scaled and how large it's already become if you look back last year in the u.s., solar panels accounted for more than 50% of all new power generation capacity that went into the united states. that means the older panels are also being replaced and need to be recycled, tyler. >> all right, diana, thank you very much. diana olick reporting. still to come, tesla shares are down 8%. the company delivering fewer vehicles and wall street was hoping for factory hiccups, kb commodity prices and executive turnover having an impact. we will trade it in today's three-stock lunch. the dow is marching higher with its index on pace for its best day a aseioweret ssn highs 872.

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time for today's three-stock lunch. we trade names on the move this day. chevron, the best performing stock in the dow up about 5%, stanley black and decker up 5% on a report it's cutting jobs to trim costs and shares of tesla, that's the problem child here

today off about 8% on disappointing deliveries let's trade the names with ava ottos chief investment strategies at er shares. welcome, good to have you with us let's talk chevron first, shall we >> yes, chevron is a buy we like it tin this market it has a 4% yield t. has very good margins in fact, their margins are double the industry average, and most importantly, it's uniquely positioned between russia and the west many people don't know this, but more than 20 years ago chevron used to be a small to middle-sized company until they took over the kazakh oil field which put them on the map and brought them to the next level and now that kazakhstan with russia gone is the second biggest provider to europe and given the fact that chevron's more than 50% of chevron's revenue comes from international, that's going to continue benefit chevron in the long-term future. >> ava, what about stanley black

and decker >> so that's a sell. its fundamentals do not look good at all. in fact, their margins have been steadily deteriorating over the last five years. their gross margin and their ebitda margin have dropped in the last year by 10%, and ebitda growth is negative minus 30%, so its fundamentals do not look good its inventory's rising, and when it's combined with decreasing margins, that suggests they cannot sell product and their shorter debt has increased to $6 billion, and when they have only about 300 million in cash, that suggests a significant refinancing risk >> let's move quickly to tesla we're a little tight on time, so a quick phrase or two. >> we are seeing to date sensitivity to their sales they're trading our ten times the industry multiple with

revenue growth, which is also teb ten times the industry, which means that investors just like us are hyper sensitive to any disappointment when it comes to future sales of tesla, and given the high interest rates does not help sales and the recession environment we are heading to and the competition, i do not think it's the best company to own, so it's a hold at best. >> ava, thank you very much. we appreciate your time today. draw your attention to emerging markets, higher today along with stocks here in the u.s. we've got those details next to fill portfolio gaps and target specific goals. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. at humana we believe your healthcare should evolve with you and part of that evolution means choosing the right medicare plan for you. humana

can help. with original medicare you are covered for hospital stays and doctor office visits but you'll have to pay a deductible for each. a medicare supplement plan can cover your deductibles and coinsurance but you may pay higher premiums and still not get prescription drug coverage. but with an all-in-one humana medicare advantage plan you could get all that coverage plus part d prescription drug benefits. with no copays or deductibles on tier 1 prescriptions. you get all this coverage for as low as a zero-dollar monthly plan premium in many areas. humana has a large network of doctors and hospitals. so call or go online today and get your free decision guide. discover how an all-in-one humana medicare advantage plan could save you money. humana, a more human way to healthcare. thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience.

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i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing. welcome back to "power lunch. the dow up about 900 points, also keeping an eye on emerging markets. a big weekend in brazil with markets moving closer than anticipated first round of brazil's presidential election. of the vote, although current president jair bolsonaro did see stronger than expected support over lula desilva who was forecasted to win. you can see the market reaction, the ewz, brazil etf up 10% today and state owned companies such as pet roe bas, banco do brasil. the election heads to a runoff vote on october 30th bolsonaro

said if he doesn't win, he will contest the election. >> we've heard of that tactic before. >> yes, somewhere else. >> i think it's very interesting that the business world sees bolsonaro as so much more favorable to their interests than lula. >> he has that economic agenda he's been promising that will he deliver if he does in fact win again dow up 33% here, tyler. >> thanks for watching "power lunch." >> "closing bell" begins right now. stocks having a strong start to the fourth quarter. gains across the board currently near session highs dow is having its best day since 2020 we're all about your money in this final hour of trading welcome to "closing bell." i'm carl quintanilla in for sara ei eisen. dow as we said on pace for the best day since november 2020, all sectors green, lower yields definitely helping today, ten-year below 365 check out energy as oil rallies back to 83 and change ahead of that opec plus meeting later in the week