vi together and this pandemic was no different. in february 2022, richard ayvazyan, marietta terabelian, and tamara dadyan are arrested in montenegro. they are being held pending extradition to the united states. -- captions by vitac -- ♪ good morning welcome to "street signs." i'm joumanna bercetche >> i'm julianna talbaum. these are the headheadlines. >> the new uk chancellor prepares to update markets and lawmakers today with budget u-turns expected >> we need for me to show parliament and the markets that we can make our tax and spending plans add up >> my best questions is

inflation will require a stronger response than in august. the most important gathering in the five-year political chal calendar kicks off >> the wheels of history are rolling to china's reunification and rejuvenation of the chinese nation complete reunification can be realized u.s. futures notch higher as weber tells cnbc that inflation must be curbed >> we see inflation disappear in the rearview mirror. that's what the market needs and stalantis ceo says

european leaders have been too dogmatic on energy policies. >> we decided of the appropriate investments from the manufacturing standpoint in 2025 to produce 50% of our energy needs within our own sights. well, the new uk chancellor jeremy hunt is expected to give a statement bringing forward measures from the fiscal plan which was set to take place on october 31st he will brief the house of commons this afternoon with the reports indicating he will undo more measures contained in the mini budget. the new finance minister met with andrew bailey last night after only 38 days in the job. we will bring you full coverage

of the chancellor's statements as it happens later this morning. for now, let's take a quick look at how uk assets are responding and quite the response we are witnessing in gilts. 4.4% down. 30 basis points. that is still about 60 points from where we were pre-mini budget the market is reacting in kind to the u-turns that happened over the weekend we look forward to further statements to come from the uk government 20-year gilt is down 30 points similar for the 10-year gilt as for the pound and equities. the asset classes is .75% firmer today. ftse 100 is just shy of 6,900.

40 points higher all uk assets are actually reacting well to the announcement over the weekend from the new chancellor and in anticipation of further announcements to come later today. meanwhile, the bank of england says this is resilient in the ldi sector and it was not intended to provide a permanent back storm the temporary announcement will remain in place until november 10th despite the bank of england pul pulling away from the market, the fiscal concerns are within the driving seats. let's get to arabile outside 10 downing street we heard from the chancellor in the last couple days with the media rounds

we know from friday the government is not purchasuing t corporate tax freeze what other elements of the mini budget could actually be re reversed in the announcement later today? >> reporter: the question mark is not around reversals, joumanna, but it could be throwing out the mini budget it is why we are sitting in the quagmire with the statements from the u.s. president joe biden saying he did not agree and saying there were mistakes here he said it is for the uk to decide mistakes were made with the mini budget and calling in a few members of parliament and tory mps and they said perhaps liz

truss needed to go what does she need to do at this stage in maybe throwing out that mini budget is one of the elements that could be put forward. a reversal entirely of the mini budget could be put in place of course, that corporate tax rate reversal means she gets around 20 billion pounds and still brought in as much as that to be brought in the coffers you noted the market reaction has shown that and if jeremy hunt delivers that statement this morning and speaks to the house of common at 3:00 p.m. today. it could be around other f factors? it could be around liz truss no longer being the prime minister.

a turn is a matter of waiting confirmation of a lot of those factors. the new uk finance minister will look to fix what has been put forward. he has called it mistakes by liz truss which they put forward a few elements of the medium turn fixed term >> arabile, as you mentioned, there is mounting pressure on liz truss and mounting discontent among tory leaders with the fact that she has stayed on. many investors believe it a question of not if, but when liz truss goes map out the path fo tr liz trus is that is in the cards? >> reporter: technically according to the rules, she has a year to stay in charge

the members of parliament are allowed to put forward letters wanting a vote of no confidence. she is allowed to stay in charge for a year the 1922 committee has been getting a sense and word that they may look to change the rules when it comes to the script that is something that happened in 2019 which paved the way for theresa may to step down from that position. that rule change could happen now as well. if that is to happen, we could possibly see liz truss leave 10 downing street and get another prime minister into place. at this point in time, there could be an early election which may be a far off concept at this point in time. the election set for two years from now the question marks around firming the stance and seat as the prime minister is going to depend heavily on how much

jeremy hunt continues to show support. although he did not vote for liz truss, but support he maintains for liz truss at the time where things are difficult and heated at 10 downing. >> arabile, thank you. the uk chancellor jeremy hunt is expected to give a statement this morning bringing forward measures from the fiscal plan. we will bring you that when it happens. chair of the iaf told geoff on a cnbc panel in washington that central banks needed to be clearer in the communication >> hard to read from up here you have this bright stage i think -- i don't want to comment on single communications by central banks what you do see in the central banking word is facing more tradeoffs that determine now what they do and so a speech like the one that jay powell

gave at jackson hole made his strategy out clearly that is what the market appreciated. he gave clear died guidance the job is clear that is a clear message. that is what the market needs. you can optimize around that you can see jay powell doesn't want to enter the history books as arthur burns. he wants to be a tough cescentr banker inflation got out of control and we got it back under control that was the message of the market take the tradeoff that the fed has with employment. he has said for now there is no tradeoff inflation is the focus we will get the job done that was healthy i think central banks should give clear guidance. ecb is still not clearly decided or in communication of the travel of the next 12 to 15

months since jcackson hole conference. we have the stoxx 600 at 0.5% higher building on the friday gains we saw european markets out perform the u.s. by a wide margin on friday faring much better than u.s. counterparts uk politics is moving in a friendly direction providing for sentiment here in europe we are seeing strength in the british pound. breaking it down by region here is the board. ftse 100 up .60% the ibex in spain up 1.25% sw sector wise, here is the picture. utilities in front along oil and gas. we are seeing the oil price move higher this morning. the oil majors in lock step. a bit of red on the board here

for household goods and retail this follows a mixed session in asia coming up on "street signs." president xi jinping looks to seek a third term as leeader we will read the tea leaves when "street signs" returns why do nearly one million businesses choose stamps.com to mail and ship? stamps.com is convenient

you get the services of the post office right on your computer stamps.com saves you money with great rates from usps and ups mail letters ship packages anytime anywhere for less a lot less get our special tv offer a 4-week trial plus postage and a digital scale go to stamps.com/tv and get started today we planned well for retirement, but i wish we had more cash. they have no idea they're sitting on a goldmine. well they don't realize that if you have a life insurance policy of $100,000 or more, you can sell all or part of it to coventry for cash. even a term policy. we've got to tell them! hey, guys! you're sitting on a goldmine! do you hear that? i don't hear anything anymore. find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.

welcome back to the program. whinechina is holding the most important events this week speaking at the national party congress on sunday, xi jinping hailed the administration's response to covid-19 and warning of dangerous storms ahead. the week long event is expected to see xi seek a third five-year term as president and cement status as the country's most powerful leader since mao. xi jinping touted the strict zero covid policy a success.

>> translator: in response to the sudden outbreak of the covid-19 pandemic, we insist on putting the people and lives above all else and pursue a zero coast policy we launched an all-out peoples war and problemtect the people' health >> xu i reaffirmed the party li on taiwan calling for rejuvenation and denouncing foreign interference for exacerbating tension. >> translator: a matter that must be resolved by the chinese. we will continue to strive for peaceful reunification of the greatest sincerity and utmost effort we will never renounce the use of force and reserve the option of taking all measures

necessary. this is directed solely by outside forces and the few separate nations this is rolling on reunification of the chinese nation. complete reunification must be realized and it can be realized. >> we are very lucky to have our ch china correspondent sam badas with us. this is clear for xi jinping to set the stage for the next term. give us your key take aways in what we can expect from xi jinping in the third term and how it may differ from the ruling so far. >> good morning, ladies. look, he covered a lot of ground

in the speech which lasted an hour and 45 minutes which was to some people's relief given we endured a three-hour speech in 2017 as i said, covering a lot of ground in the speech and thrashing out to the priorities in the next five years and the party will be looking to do. the market has been fixated today is what he said about zero covid or what he didn't say about that policy. he certainly did seem to defend that strategy despite the mounting economic toll as we have seen pas a result of the lockdown the market is interpreting that as the tests, this quarantine and health codes all likely to stay in the near term. so there is largely an expectation that we will see this sticking around until march when all of this is done and dusted that major reshuffle at the top

will be officially recognized. we have to remember this is consequence of china and xi jinping breaking it precedent for the third term likely as the next continuing as party chief he will be confirmed as president in the third term in march when the two sessions meet with the intent to stay on as president after the term limits dropped in 2018. he will continue on as general secretary. that is where the power lies here in terms of power over the last ten years, during xi jinping's tenure, we have seen them pushing domestic policy toward the party. i think the message was clear in the report that he, of course, announced yesterday when he spoke about, of course, security it was interesting he mentioned that word around 50 times. a lot more than in 2017 when it

was half the number of times contrary to some expectation that word wasn't given the same weight as the word development that was the priority, xi said growth is still front and center and very much front of mind. security and stability becoming more important it seems to the communist party. that would be very interesting moving forward to see that playing a much more front row seat ladies, back to you. >> sam, thank you so much for the breakdown. fascinating to see the word choices change now appointments to the top decision making bodies are also expected to be unveiled at the conclusion of the congress with the chairman of the china people's conference considered a leading candidate to become the next premier yang will step aside under the

rules that limit him to t two five-year terms let me zoom in on one point that sam made the term security used in the opening comments on sunday what does it mean in your view and what is the significance on the emphasis of security more than it has been in the past >> good morning. i think the security emphasis is clearly stands out a mile. i think it is understandable in the sense if you think about the state of geopolitics today it is not just the united states or japanese or south koreans or australians anxious about security chinese are too good reason

the commerce department announced a broad array of measures you know, from a beijing standpoint, they are opanxious f the narrative. the united states is preventing it from taking it proper place in the world i use colorful language. also on development. your correspondent mentioned that there wasn't really anything that i found in the speech that actually represents a change for course correction from where kmi china has been of late >> george. it is interesting we haven't had a strong response from beijing given as you say the export controls with semiconductors

actually are what do you think is brewing within beijing in terms of a response and when could we see beijing respond? >> i think we haven't heard anything specific is because of the congress everybody is pre-occupied on it. total focus on the xi jinping speech the proceedings will go on all week i think that chinese government will probably want to take its time i would expect them to have more than rhetoric to offer i don't know whether they will target exports of rare earth to users or consumers or whether they will target american compani companies. i would expect some reaction this takes american policy up to a whole new level.

i think it would be unusual if there were not some kind of repost from beijing. >> taking it back to the speech yesterday. it seems economic development is still a key area of focus. not just security, but economic development as well. how does that square up with the zero covid policy? i think manypeople in the international community are waiting to see signs they may be looking to relax their stance on zero covid it does not appear to be the case he defended the policy the public is growing tired of it and impacting the economy negatively why are they sticking to their guns on this one >> beats me. you know, there are two important reasons why it is difficult for china to abandon zero covid policies. one is they don't have high rates of vaccination of elderly population or hospital capacity to deal with the infection rates

that might happen if they lifted the policy or they don't really have mrna vaccines there are public health reasons why they are taking this reason. there are social control reasons as well. it suits them in many ways to have the population on a leash as it is right now i don't know obviously there isn't going to be a zero covid relaxation no mention of the property market or financial stability. no mention -- they did talk about domestic demand driven policies, but there weren't any as mentioned they talk about as they always talk about the chinese technology driven rise this baecame more difficult for reasons we discussed anybody that was looking for a pivot point for course

correction or changing policy in china is a big disappointment. you shouldn't expect it in the first place. it is a market for continuity and carrying on as it was. >> can't see the same in the uk, george one final thing i want to ask. common prosperity. this is the term the chinese leadership came up with. it was a pre-text to crackdown on the tech industry and education and on security and on information. to what end have they achieved those goals do you think in the name of wealth redistribution? >> there were xi's speech with references to common prosperity. it is a slogan designed to kind of attack income inequality and

give people spiritual prosperity and material prosperity by following the teachings of xi jinping. all i would say is the worst of the crackdown on the tech sector and data platforms and finance platforms. the worst of that is over. i don't think we will see that repeated in a way, why would they they have the regulations already in place private companies coerced to give donations to patirty causes of the structure to give private companies to align with the ccp goals. what they are looking for is what is the beef with common pros prosperity where are the policies tha would suggest income and wealth distribution that would make a material difference to, you know, china's outlook and

prospects? there wasn't anything. not that we would expect anything necessarily in a set piece speech like yesterday. you know, xi jinping launched prosperity in 2021 it is like a tree that hasn't grown any leaves >> fair enough george, always a pleasure to have you come on the show. thank you for joining us on "street signs. george magnus at oxford university. to corporate news. the capital hike rates were halted from trading after plunging 20% at the open extending declines when they resumed and halted twice more after the italian lender started the share. the bank is seeking to raise 2.5 billion euro to help fund the latest restructuring plans a tumultuous start to the week

ahead with the company and monte dei paschi. credit suisse is weighing to sell the business to raise capital. that is according to the financial times which says the bank could face a hole of 4.5 billion swiss francs today, shares are up 1.06% bmw will stop building the mini in the uk next year the company says it is not geared for mass production of ev at this point. an updated version of the car will be made in china by great

motors bmw is flat today in trading >> interesting story there. coming up on the show. we will bring you the special interview with the ceo of stellantis carlos tavares. stay with us we'll be right back.

we planned well for retirement, but i wish we had more cash. they have no idea they're sitting on a goldmine. well they don't realize that if you have a life insurance policy of $100,000 or more, you can sell all or part of it to coventry for cash. even a term policy. we've got to tell them! hey, guys! you're sitting on a goldmine! do you hear that? i don't hear anything anymore. find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.

welcome back to "street signs. i'm julianna tatelbaum >> it's joumanna bercetche >> the new uk chancellor jeremy hunt prepares to update markets and lawmakers with further budget u-turns expected. >> what we need now is for me to show parliament and the markets that we can make our tax and spending plans add up. >> my best guess is inflation pressure will require a stronger response than we thought in august. xi jinping hails historic victory as he opens the national congress laying out the vision for the next five years and cementing authority ahead of the

likely third term. >> translator: in order to achieve breakthrough in key fields, we will move faster to launch a number of projects that are of strategic, big picture and long-term importance u.s. futures notch higher and iif chair axel weber says curbing inflation is priority. >> the job as not done until we see inflation disappear in the rearview mirror. that's what the market needs stellantis ceo tells cnbc that leaders have been too dogmatic on the energy policy. >> we need to be able in 2025 to produce 50% of our energy needs

within our own sights. one quick additional word on china. we expected the q3 footprint to be delivered tomorrow. we have news from china that china will delay the release of q3 economic indicators, including gdp. no indication for the reason for delay. we are watching the national congress unfold over the course of the week. if you were looking out for those numbers tomorrow from the market perspective, know there is a delay we will bring you an update when it comes julianna >> that congress will last this week let's turn to markets. european markets are opening in positive territory we had the weak close from the u.s. on friday the handover from asia is mixed.

european markets starting off with a positive tone all eyes on the uk ftse 100 at the center up .30% as we await the fiscal statement to come from the new chancellor jeremy hunt in a couple hours time. that should spell more direction for where this government is going. reaction in gilt rallying 30 basis points on anticipation of the statement. uk is in focus cac 40 in france is up ftse mib with the rights coming out today. the stock has been halted. it has been three weeks since the election we have been monitoring that closely. it has been in the range of 2.30

hasn't broken to the upside. investors are keeping a close eye. in dax, all eyes with more action on the energy front let's look at some of the majors today you see the dollar is trading weaker versus the euro not even .10% weaker china mib is in focus on the back of the party congress 7.22 is trading on the yuan. and after all of the political developments over the weekend, we are trading firmer. .50% let's switch and talk about autos. the picture is green stellantis is up .50%.

bmw is up. the motor show is taking place in paris the paris motor show is back for the first time sincehiatus it comes with the headwinds with higher energy and raw material prices and a chip supply squeeze. charlotte asked stellantis ceo carlos tavares about the issue >> there is no question the question you are asking me is the question you ask the political leaders. it is triggered by regulations regulations are decided by the states and parliaments yes, it is a bump in the road. i hope it is a short-term hurdle

that we will all be able to overcome and stellantis is full speed ahead with the jeep avenger. the product is awesome the product is absolutely outstanding in terms of performance. we hope that the problems of energy will be solved soon specifically in europe where the matter was somewhat forgotten in the strategy of clean mobility so hopefully it will be solved soon >> the date of 2035 they have to phase out should be moved? >> it is clear the decision to ban is a purely dogmatic decision it is clear. it is clear facing the reality of life. i would recommend to the leaders to be more pragmatic than

dogmatic there is a need for a more pragmatic apprpprpproach with te hurdles in the road. that should be helpful for the middle class we are focused on freedom of mobility we believe the mission of the carmakers is to offer freedom of mobility which is safe, clean and affordable it can be clean right now. it is safe it is not affordable pos possibly, to manage the transition, i recommend to the leaders to be less dogmatic and more pragmatic and more middle class. certainly right now, the middle class will have a hard time to access to the pure evs in the near future. it is time to think more pragmatically and forget dogmatic positions the reality of life is on our face it time to recognize that. >> you said a couple of years

ago, the average consumer will be priced out of electric cars and that could trigger social unrest things have gotten worse is that a concern for snu. >> i appreciate you saying that. we were not heard. it is reality. people are very keen in protecting their freedom of mobility it is a fundamental pillar of dm a democracy. you cannot tell the middle class that they will not enjoy the freedom of mobility. how do we manage for the middle class? it is time to think about more pragmatic solutions to manage the transition we still have time we are now under limits because we are full power ahead. we are completely full speed on the electric

by that time, solutions for the middle class will disappear and in that case, the risk you were highlighting is reality. >> one of the problems for evs is the high raw material prices. the ones that are going to the batteries. this is here to stay it is more demand than supply. is that the high price that is what you have to manage? >> not necessarily it depends on the stability of the chemicals of the battery i don't think the chemistry is stabilized we think lithium and magnesium there will be other chemistry. it is not stabilized whatever the final landing point will be, we have to accept we need to find mines in our region north america and europe to source from the region to the region if we make regulations without any understanding or any

knowledge of where those raw materials are and where the chemistry landing point will be, strategically doesn't make sense. we need to trust the scientific people that are able to give us the right information to make the disedecisions we have made scientific decisions with the political leadership without knowing exactly the impact of the decisions. now we are facing reality and i believe pimpact of the decision first we study and we build a strategy and execute the strategy and not the other way around >> myay i ask about the supply chains is it getting better >> it is semiconductor getting better slowly. i cannot anticipate by the end of 2023 things will be okay. it will be decided by the market we will not be back to pre-covid

dimensions given the demand by the end of 2023, the balance will be there and that problem will vanish we are facing other problems as you mentioned. energy, logistics. many other problems are popping up that is step by step disappearing eu countries will discuss imposing a dynamic transition for gas prices in europe when the leaders meet this week the block is strong to come to agreement on imposing a price cap to tame rising energy rises. the discussions have led to bitter divisions with countries, including genermany to oppose. the block needs to be unified when it comes to the energy

policy >> countries are impacted differently by the energy prices and different systems in place to deal with the groups. again, unity is going to be important. yes, you need national packages because you need to maintain social cohesion to go through the cost of living crisis. energy is a european issue the energy market is a european issue. more action in policies under european leadership would be useful with regard to ukraine, we see lots of solidarity and unity across europe. of course, we hope that support in terms of the economic element of supporting ukraine through external funding will continue >> and iff chair axel weber is

saying europe is taking the right approach >> fiscal policy and not have this the first time germany goes out as a big spender, everyone complains. you can't do this because we can't afford to do that. it shows you two things. the first thing it is important in a crisis you have room to maneuver the room to maneuver on fiscal policy in germany is a mirror image when debt got to 95% after the financial crisis, germany consolidated back to below 60% they have the new room to maneuver if there is a crcrisis it needs to respond in bad times and most european countries have had structure loose fiscal policy for years every time there is a crisis,

the deficits get bigger and stay large and the next crisis blows it out again i think germany and -- germany must do something right. that is the right approach to fiscal policy. coming up on the program profits slide and wall street's biggest banks in the third quarter. we'll discuss more after the break. we planned well for retirement, but i wish we had more cash. they have no idea they're sitting on a goldmine. well they don't realize that if you have a life insurance policy of $100,000 or more, you can sell all or part of it to coventry for cash. even a term policy. we've got to tell them! hey, guys! you're sitting on a goldmine! do you hear that? i don't hear anything anymore. find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. my name is ashley cortez and i'm the founder of the stay beautiful foundation when i started in 2016 i would go to the post office

and literally fill out each person's name on a label and now with shipstation we are shipping 500 beauty boxes a month it takes less than 5 minutes for me to get all of my labels and get beauty in the hands of women who are battling cancer so much quicker shipstation the #1 choice of online sellers go to shipstation.com/tv and get 2 months free millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. shipstation the #1 choice of online sellers that means millions are saving hundreds a year

with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... see how easy it is to save hundreds a year on your wireless bill over t-mobile, verizon, and at&t. talk to our switch squad at your local xfinity store today.

welcome back to the show let's get a check of u.s. futures as we start the first stra trading day of the week. the mood is positive compared to friday s&p ended down 2.5%. nasdaq down 3% markets still reacting to the hot inflation print that came out during the week and financial concerns that are popping up around the world. today, the tipicture is positiv for the indices. let's talk more about what has been coming out of the banking sector in the u.s.

profits slid at wall street's biggest banks in the third quarter. citigroup beat on top and bottom line net income fell by .25%. investment banking slumped 60%. jpmorgan chase profits rose. morgan stanley missed on revenue and income as revenue collapsed 50%. wells fargo topped expectations and profits plunged on loan loss reserves i'm happy to bring in john haggerty john, good morning thanks for joining us. it seems a bit of a disditinctin of what is happening on the banking side of business and higher interest rates via the nims they are better, but investment activity is subdued because of lower equity trading

>> that's right. the big upside surprise coming through so far was on nim for jpmorgan chase margin up 29 basis points. delivering a big beat. that's roughly 50% of the revenue. 4% beat there contributes to higher revenue similar for wells fargo. to a lesser extent for citigroup. the investment banking side has been from the. there are variations as well jpmorgan chase under 50% with citigroup is just over 60%. slight differences >> something i thought was interesting about jpmorgan chase. the ceo jamie dimon had an inn interview with cnbc. jpmorgan chase did not increase provisions to account for that how do you square the circle

>> that was the question coming into the result. what would happen with the provisions i know they squared the circle they had provisions for bad scenarios. multiple scenarios in the assessment when they do the provisions they have been going to the down side they weighted more to the down side they are visiting recession with unemployment up 6% that is tucked away into the provisions i guess the main caveat it has is if we get to 6% unemployment in the middle of next year, this is a potential to go up to 8% that would be manageable the message was we are well provisioned. don't worry about the recession f.recession. to absorb, trust us as a large powerful bank. investors are happy with that message. >> john, let's me come back to the first question that so much

of the upside surprise that we saw was from the fact they were making more money from loans we are seeing them pocket the interest rate rise so far and not pass those increase earnings on to customers in the form of higher interest rates on de deposits how sustainable is that dynamic in the quarters ahead as interest rates rise further? >> that's a good question. that is a key thing investors are focused on how quick they give away the interest rates to the deposit holders? what happened during the pandemic, there was a huge influx of deposits and the bank with excess deposits which they are not especially keen on they are happy for some of that to flow away and not raise rates. the other aspect is $1.1 trillion of retail deposits for

jpmorgan chase it is all in checking accounts mostly they will have to increase rates on the savings accounts. it will not be as much as the rate increase on the asset side. you like to see further expansion from here, but not the past couple of quarters. >> fascinating great to put the numbers out there. huge deposits we are seeing now. quickly, balance sheet risk appetite we have seen a slowdown in dealmaking and broad investment banking activity do you see banks taking advantage of opportunities here and taking more risk on to the balance sheet given the strong positions? >> the major banks have difficulty making the big acquisitions they are not allowed to make further acquisitions jpmorgan chase has been making investments on the servicing side with fintech investments.

on the banking side, there could be investment internationally. you have to be cautious making investments in recession they are being cautious. if they have spare capital, they are likely to return to shareholders they will build up to get to the new levels by the middle of next year large acquisitions are off the table. >> john, thank you for your views. >> thanks very much. bank of america ceo brian moynihan will speak later today. that is it for us. "worldwide exchange" is coming upex nt. nt. we planned well for retirement, but i wish we had more cash. they have no idea they're sitting on a goldmine. well they don't realize that if you have a life insurance policy of $100,000 or more, you can sell all or part of it

to coventry for cash. even a term policy. we've got to tell them! hey, guys! you're sitting on a goldmine! do you hear that? i don't hear anything anymore. find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.

why do nearly one million businesses choose stamps.com to mail and ship? stamps.com is convenient you get the services of the post office right on your computer stamps.com saves you money with great rates from usps and ups mail letters ship packages anytime anywhere for less a lot less get our special tv offer a 4-week trial plus postage and a digital scale go to stamps.com/tv and get started today our internet isn't ideal. a 4-week trial plus postage and my dad made the brillant move to get us t-mobile home internet. -which... we have to share our signal with the entire neighborhood. yeah, now we do some weird things to get our speeds. well... i'm up. -c'mon kids.

this sucks. well if you just switch maybe you don't have to be vampires. whoa... -okay, yikes. oh sorry, i wasn't thinking. we, uh, don't really use the v word. that's kind of insensitive. we prefer pro-lunar. yes, much better.

it's 5:00 a.m. at cnbc global headquarters. stocks trying to bounce back after friday selloff we will see if that holds. in focus is earnings from the banks. we will see if bank of america's brian moynihan is as sour as jamie dimon. growing calls for the uk prime minister liz truss layout th