it is 5:00 a.m. at cnbc global headquarters. here is your top "five@5." call it an october bounce. more than 40 years ago earnings on deck with more than 30% of the s&p 500 set to report results results that are likely to dictate the market's next move. waking up after a busy weekend for elon musk and twitter. musk denying reports he is

planning mass layoffs as new controversies swirl. the latest on the attack on house speaker nancy pelosi's husband at their san francisco home. later on, why covid curbs at one of iphone factory in china a key contractor makes a lot of stuff there. a live report from beijing it is monday, october 31st, halloween, 2022. you are watching "worldwide exchange" here on cnbc good morning i'm dominic chu in for brian sullivan let's kickoff the final day of october trading with the u.s. equities on the offer. just on the down side predicted at the opening bell.

dow jones industrial average implied lower 150. s&p lower 23 and nasdaq down 85 points investors are looking to close a month of stocks with every major average to snap a losing streak. it starts with the russell 2000 up nearly 11%. on pace for the best month since november of 2020 the dow transportation index up 13% as you see here and trying for the best month since october of 2011. best of all is the dow jones industrial average up more than 14% for the month and on pace for its best monthly performance since january of 1976 checking on the bond market. yields in focus. 10-year treasury yield ticking higher to 4.06%. 2-year treasury is 4.49%

30-year treasury is 4.15% right now. in energy markets, oil prices is a key focus. we are seeing them slightly lower. .75% to the down side. wti crude is $87.23. ice brent crude down 56 cents. that's off .50%. in crypto, bitcoin and ethereum with upside moves. now we're seeing bitcoin prices down nearly 1% $20,485. ethereum prices is $1,5980 let's get to the european markets with arabile gumede in the london newsroom. arabile, we see declines, but not severe >> certainly not severe.

in the red as the market picture with the stoxx 600 below the flatline today as we head into the important week particularly having seen the ecb last week. hiking interest rates by the expected 75. we are expecting the bank of england to move along the same way. of course, there has been a few question marks around moving in different directions with the boe and treasury out in the uk the bank of england is set to raise rates and how much is the question inflation is in the double digit numbers. today, gdp numbers are the questions which is set to come out in an hour's time. not expected to be a positive number the question is how soon do we more to recession? the bank of england said it is expected to happen later this year if not early next year.

how long will that recession be is another question. questions around the fed and how things influence with the bank of canada hiking rates 50 basis points does that set the tone for general market pictures headed off into some red. we are seeing red for the european markets to start off this week. also to end off october. >> arabile gumede with the latest thank you very much. to another top story this morning and busy first few days for elon musk as the head of twitter. hooens silvana henao is here with the latest >> good morning, dom elon musk is denying reports he is planning to layoff twitter employees prior to november 1st to avoid stock payouts musk ordered the cuts across the company with some teams hit harder than others and layoffs would take place before november 1st when employees were expected

to receive stock grants as part of the compensation package. twitter is revising the process without giving details according to multiple reports, twitter is considering charging for the blue check mark for $4.99 a month and other reports stating $19.99 a month this may be coming at the right time as advertisers begin to rethink the plans to work with twitter. late friday, gm said it is temporarily halting advertising on the platform as it quote engages with twitter to understand the direction of the platform under new ownership p speaking of new direction. moo elon musk is expected to bring back vine as a competitor to tiktok musk already garnering more than 1.6 million votes, dom i remember vine. i thought it was pretty fun.

>> we'll keep an eye on that we appreciate it. to the latest on the home invasion attack on the husband of house speaker nancy pelosi. police have yet to offer a motive on the suspect to paul pelosi that attack spurring plenty of finger pointing and creating fears of political violence with just one week left to go until the mid-term elections drew petrimoulx joins from us d.c. drew, how is this situation developing >> reporter: dom, you have seen it on your social media acts the rhetoric has been heated soming that leads to the environment that these incidents can occur. after an attack on the family of the top democratic party leader, politicians from both sides of the aisle are taking to the air to condemn the violence. >> we have to figure out how to bring the country back together

with a civil conversation and we have no violence what happened to paul pelosi is despicable and unacceptable. >> i think it is really important that people realize it is not just this moment of the horrific attack, but we have seen violence perpetrated throughout our political system. >> reporter: the suspect in the attack, 42-year-old david depape due in court today facing charges including attempted murder he broke into the san francisco home of house speaker nancy pelosi and attacked her husband paul details in the investigation revealing zip ties were found in the home as officials interviewed the suspect and very reviewed his online oactivity >> in 2007, he was posting anti-war viewpoints. there is a 15-year gap on the blog >> reporter: as heated midterm

battles continue, a renewed focus on political violence. capitol police say threats against members of congress dou doubled in the past five years >> we have to do something about the amplification of the hate speech we see on the internet. >> it is disgusting. this violence it horrible. >> reporter: as congress considers new measures to protect elected officials. mr. pelosi remains in the hospital this morning. the speaker saying the family is heart broken and traumatized mr. pelosi's condition is continuing to improve. i'm drew petrimoulx, back to you. thank you. coming up, gearing up for the busy earnings season the names on your arar radar federal regulators checking out a tie to china with a self driving car. and what elon musk taking

over twitter and what it means for the midterms one week away. we have a busy hour still ahead when "worldwide exchange" returns after this break help make trading feel effortless and its customizable scans with social sentiment help you find and unlock opportunities in the market with powerful, easy-to-use tools power e*trade makes complex trading easier react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity what if you were a global energy company? with operations in scotland, technologists in india, and customers all on different systems. you need to pull it together. so you call in ibm and red hat to create an open hybrid cloud platform. now data is available anywhere, securely. and your digital transformation is helping find new ways to unlock energy around the world.

welcome back to "worldwide exchange." futures pointing to fractional losses ahead of the opening bell ahead of the busy week on earnings for wall street s&p 500 is set to report this

week fi pfizer and qualcomm and marriott and starbucks and more as you can see on the calendar reporting this week as investors look to the wide range for insight on consumer behavior and inflation picture and supply chain and the strong u.s. dollar and the state of the economy ahead of the november meeting. for more on what to expect, let's bring in bill stone. chief investment officer at build. fed policy is front and center as you look at the state of play in the markets, is it fair to say that the markets have found at least a short-term side of stability for the markets given the fundamentals we see on the macro and micro side of things >> i think one is the earnings side we are stop trailing what we were expecting earnings growth

rate to being going into the quarter, it is not a disaster. 2.2% year over year. earnings growth expected at 2.8% we are still clawing back. i expect we end up hopefully above where we thought we would be if not close by the end i think on the other side with inflation boosted on the sales side of things and revenue showed up well obviously what we see with the company guidance means a lot in the uncertain times. i think a lot of bad news got priced in so it laid down stab stability. on the macro, like you said, we have seen some view that we may be getting near some easing -- i shouldn't say that won't be easing from the fed, but slowdown in the pace of hikes. >> so, bill, the charts we are showing viewers right now, the

major averages have had a nice run for the month of october we are still well off the highs we have seen just in august and we're still below the highs we saw at the record levels early this year and the nasdaq is this a situation where you add to stock market or wait to see where the trend develops >> i'll say two things we had a heck of a run obviously i would not be as aggressive as i would have been about 9% ago that being said, we are down close to 20% anytime you are down close 20% to the highs historically worked out with the returns eventually showing up being better than average. i don't think there is any reason to stop particularly if you were dripping in dollar cost average.

i don't think there is any reason not to do that. >> bill, where would you put money to work right now? is it in stocks? if so, which sectors high yield or credit >> i think stocks give you the most attractive risk/reward over the long run we are still off 20% i would be fishing in the technology pool that has gotten hit. we like amazon we like it before it got hit last week. we like it now looking through what we think will be a recession, that is a company that kcomes out stronger >> bill stone at glenview. thank you. still on deck, $2 and a dream. and building up one digital asset ahead of elon musk's

twitter deal we have the top stories after "worldwide exchange" returns from this break. in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities.

okay season 6! aw... this'll take forev—or not. do i just focus on when things don't work, and not appreciate when they do? i love it when work actually works! i just booked this parking spot... this desk... and this conference room! i am filing status reports on an app that i made! i'm not even a coder! and it works!... i like your bag! when your digital solutions work, the world works. that's why the world works with servicenow.

with gold bond... you can age on your own terms. new retinol overnight means the smoothing benefits of retinol are now for your whole body. plus, fast-working crepe corrector diminishes wrinkled skin in just two days. gold bond. champion your skin. is it possible the only thought that comes to mind is... ♪ finally? this is financial security. and lincoln financial solutions will help you get there. as you plan, protect and retire. ♪ welcome back to "worldwide exchange." time for the big money movers. emmerson electric. the wall street journal says the deal is expected to be announced today. it values the division at $14 billion. emerson has announced an 11

billion merger with the software unit last year t two zsimple is be investigated by the fcc. looking to fail to disclose the relationship with the self driving company. it is building hydrogen self driving trucks shares down in pre-market. stellantis made and sold the jeep brand in china. it filed for bankruptcy. in july, it said it would end the venture with the auto group. stellantis shares off in the

pre-market trade let's bget a check of the headlines with phillip mena in new york >> seoul, south korea over the weekend where 150 people were killed in the street halloween celebrations most of the victims are young women. the south korean president is ordering a review over the disaster that should never have happened. the brazil's runoff is leaving lula da silva beating out jair bolsonaro lula served from 2003 until 2010. lottery fever is heating up again to near record highs nobody walked away with the jackpot in saturday's powerball jackpot pushing the prize north of $1 billion for the second time in the game history

the cash value is under $1 billion. the drawing is at 11:00 p.m. >> $2 and a dream. i'll pick up a ticket. phillip mena, thank you. still on deck, taylor swift is reminding people why she is the biggest act with her album the staggering stats after one week anald so the other top trending stories. "worldwide exchange" is back right after this

what if “just an idea” could become a family tradition? this is financial security. and lincoln financial solutions will help you get there. as you plan, protect and retire. ♪

millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. as you plan, protect and retire. 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.

stocks looking to snap a two-month losing streak with the dow set to notch its best monthly performance in nearly 50 years. futures right now pointing to pressure at the opening bell. tech stocks shaking off a rough week shares of the biggest players are tumbling on earnings shedding billions on market cap. could the pains be buying opportunity for the beaten up blue chip tech and apple subjects a big drop off in production from one of the key products amid covid crackdowns in china. we are live in beijing with the latest there on this monday, october 31st, halloween morning here on "worldwide exchange" on cnbc welcome back

i'm dominic chu in for brian sullivan let's get to the final day of october trading. we are looking at losses fr dow implied lower by 150 the nasdaq down 78 points at this stage it has been a solid month for the dow. up more than 14% for october and on pace for the best monthly performance since, get this, january of 1976. also in focus is energy prices on the offer satellite slightly lower today off .76% for wti oil prices. currently sitting at $87.26 ice brent off .50% back to the broader markets in technology looking to shake off a rough week shares of the biggest players in the sector, including microsoft,

alphabet, amazon and meta platforms. the company formerly known as facebook zi sinking on earnings and losing $250 billion could the pains be a buying opportunity for the beaten up names? let's ask rocco strauss. senior analyst and sarah kunst at cleo capital. sarah, the technology is the leader of every market vrally since the financial crisis has led to this point being somewhat different or is it the same? i wonder if you are seeing signs of life given that massive selloff in blue chip over the last week? >> you know, tech stocks were the leader on the way up and

they are the leader on the way down you know, i think one of the things to look at here is these stocks have been up so much and they are not all down. you have apple which is up year over year. that's a huge difference from meta which mark zuckerberg personally lost $100 billion off his net worth this year alone think i think the tech names need to get creative to get a shot in the arm. it is time to think about what they do to drive newness and are they right as public company stock. snap is a company facing h headwinds. they may be the next to go of the take private targets i think we're going to see a lot of different solutions to the problem. most tech stocks need to figure out something different.

this has not been their year >> rocco, sarah brings up a great point. this is one we spoken at length about for the last several months or years that apple seems to be in some way that safe haven trade for folks. with tech volatility this week, it acted the same way. i wonder from your expert side of things covering companies like this, can you tell us why apple versus the others? what is the difference and what is the prospect for what happened with apple this week? >> i agree on putting apple in that spotlight what they have shown compared to the other is the focus on profitability. they can squeeze pennies out of every iphone producer or supply in certain parts that's helping them. if you look at meta or google,

they have never experienced the down turn. in '08, they were still small companies. with respect to google, you still have an opportunity to squeeze margin shift budgets from one model to another side call apple's bluff then you have meta on the other side who is not able to do that. they are shifting consumption time into reels which is lower with the direct advertising. at the same time, as we all are aware, mark zuckerberg is not skating back on the ambitions on the metaverse. he is the biggest problem that kicks in think of ios think of nokia with the guys putting in the infrastructure or think about the surge which is build on the existing world wide weapon zuckerberg has to build the infrastructure and build user

behaviors around that. it is tricky and costs more money on aggregate >> sarah, i guess the interesting part of this discussion is whether or not many of these fundamental points about why there is weakness out there, meta will have to spend money in the coming weeks and years, versus the valuation. alphabet has lost a third of the value in the past year it has been even worse for meta now down 70% in that time. how much lower can they go before they become attractive on the fundamental bases? >> this is not a monolith. i think until the metaverse stops being the core focus of the business, it will be a rough ride i would go as far to say that meta needs to start considering

what might it look like to spin whatsapp and say this could be a standalone company and get leverage for investors there i think paypal and e-bay example years ago proved it. meta is a company i'm still not bullish on whereas amazon, i don't think amazon is going out of business. i don't think microsoft is going out of business of the these are big complex businesses that you cannot replace so if you sell on amazon, you don't want amazon to go out of business if you use microsoft office, you don't want them to go out of business, if you use azure, you will keep paying them. i'm still bullish that there is a buy opportunity there where as some of the social media companies, meta, pinterest and snap i'm not ready to touch.

>> rocco, you cover these names for a living it is your job to have favorites on buys and sells. what is compelling to you right now? where is the best opportunity? >> i agree with what sarah is saying especially around microsoft. if you think about the metaverse, it is still unclear to a large extent. if you think microsoft closing the deal with activision and netflix with the future acquisition potential. thinking of the back-to-back side with teams and potentially let's see what is happening with tiktok as we all are aware the data is touching chinese infrastructure there is a good chance that tiktok has to be blocked in the u.s. or has a fire sale at the business to someone like microsoft or to what sarah initially said like snap could be a potential acquisition target for microsoft as well

you have potentially the better metaverse than what they are building. >> alphabet, snap and microsoft among the buy rated companies. thank you very much. rocco and sarah. let's get a check of the top stories with silvana henao >> dom, eu is calling on russia to reverse the decision to pull out of the u.n. negotiated grain deal with ukraine. moscow suspended the agreement on saturday citing the war ship attacks. the move puts the route for grain and fertilizer at risk worsening the global food shortage. tesla holding talks with cobalt company according to the financial times, talks started last year and would have involved tesla taking a 10% to 20% stake.

however, talks ended with no deal with tesla having concerns with glencorp's business was compatible with the goals. and increasing covid restrictions induction of the ie fox foxconn's plant has been hit by measures to curb the virus that could result in a drop of 30% in production of the smartphone at the facility, dom. >> silvana henao, thank you. let's stay on this story foxconn disputing reports that 20,000 of the staff at the facility have been diagnosed with covid this after the videos emerged showing workers fleeing from the facility over concerns of the virus and strict lockdown measures taking place. eunice yoon is live from beijing with more on this.

eu eunice >> reporter: dom, foxconn gave an interview to the media to pledge to improve life under covid curb in the article, they said meals and other services would be much better the big complaint of the workers on social media has been the quality of the food. the canteen will resume by november 1st medical care and transport port would be provided to the infected that was another big issue we were seeing among workers. finally, they would offer bonuses to stay up to 14 u.s. dollars per day. could be more. the concern is to make sure there were enough workers on the campuses because this is a very heavy time when there's a lot of production heading into the christmas season foxconn said before they are

coordinating with other factories in order to make sure production isn't affected. o over the weekend, we saw videos of streams of people marching, sometimes in fields, sometimes volunteers saying they are offering food and water to the foxconn workers leaving campuses to try to head to their hometowns. a lot of local authorities who said they are quite concerned about the stream of people and the potential for those locations to be from the local officials perspective infected they want to make sure the local foxconn workers would inform the local jurisdictions so they could also be in quarantine. this is happening and highlights some of the troubles that china is having as it heads into the winter we heard more on other businesses such as shanghai

disneyland, dom, saying they are suspending operations for the theme park indefinitely because of covid outbreaks in fact, people aren't allowed in the park until they test negative >> eunice, with that being said, it is not out of the realm of reason, right, for some of the foxconn reports to be coming out. it is getting more attention because of the cross section with apple and what it says about apple demand can you take us through the statement or new policy that's been enunciated to the public from the government with regard to the covid lockdowns are they responding to public pressure this is coming after the party congress just took place what exactly is the feel >> reporter: i think that on the contrary it seems as though the zero covid protocols are becoming more aggressive and local

officials want to make sure they are following whatever with the leadership and in particular president xi jinping has to say. as you know, the covid zero policy is tied to xi jinping a lot of officials want to be seen to be doing what is expected of them by the leadership we hear about here in beijing and in other places. places just shutting down over one covid case and often times people are trapped inside that building and they are not able to leave for several days. in fact, in one case, personally, i heard of people supposed to be at brunch and went there and now the whole place is shutdown and locked in for ten days days >> eunice yoon live in beijing with the next wave of covid lockdowns. stay safe. coming up, the mad dash to the mid-term elections

stifel's brian gardner with the latest on the fight for control in washington, d.c first, as we head to break, top trending stories this morning. taylor swift's album debuting with a bang. debuting at number one selling more than 1 million copies in the first week massive moves from taylor swift. fans of "avatar. get comfortable for the sequel a run time of more than three hours. the movie debuts on december 16th 13 years after the original. dogecoin seeing a bounce thanks to elon musk's twitter deal leading to increased enthusiasm among investors as the tesla ceo wrapped up the deal for the social media platform.

dogecoin up 3.5% right now. "worldwide exchange" is back after this ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges

while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. here, is cvs health. here, we'll never be told our concerns are all in our head. here, we don't think we should pay more than men for the same thing. or pay taxes for period products. here, we can ask tough questions, day... ...or night. and here, we're actually heard. and because of that, we can focus on getting healthier... together. together. together. here, healthier happens together. cvs health. i promise - as an independent advisor - heto put the financials well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time,

but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com welcome back to "worldwide exchange." two developing stories that could potentially mark a an momentum shift we follow the attack on paul pelosi on friday morning we have maura barrett with the latest from san francisco.

>> reporter: good morning. nancy pelosi's husband paul is still in hospital after a skull fracture to his arm and hands after the attacker broke in early friday morning and went upstairs mr. pelosi was able to make a phone call to 911. police calling the elevation from the 911 operator to get police here within minutes calling it life-saving action. nancy pelosi releasing a statement. a letter to colleagues saying she is heart broken and traumatized by this violent attack her husband went through considering she is now aware and the d.a. confirmed the attacker was looking for the speaker herself. shesaid that her husband's condition is improving the suspect also remains in the hospital officials haven't confirmed why. the district attorney saying she intends to announce charges

today at some point. she will bring attempted homicide and assault with a deadly weapon and burglary and other related charges. >> maura, is there anything we have learned or anything more we can understand or know about who the suspect is why this person was at the pelosi residence at all? >> reporter: well, officials have told us he was looking for nancy pelosi a source familiar with the investigation said when he entered the home, he shouted where's nancy. he told officers when they arrived, he said we are waiting for nancy. it is interesting that investigators are looking into his online activity. 15 years ago, he was posting more liberal anti-war type content online over the last 15 years, recently, it appears he has been engaged in the qanon conspiracies voter fraud and those types of

things it appears that he isngrained iy this is something that capitol police have seen an uptick in the last five years. threats against members of congress more than doubling. all of this coming as we talk about the insuranctensity of the political discourse nine days until the election >> maura barrett, thank you. adding fuel to the fire. growing concerns of elon musk after his ownership of twitter and posting the attack on paul pelosi he plans to create a content moderation council for twitter before reinstating any banned accounts including that of former president trump. musk said he would reinstate trump if the acquisition would go through

joining me to talk about this is stifel's brian gardner you have seen a bit on our air these days because of the nature of the midterm brian, it is good to have you on the show we spoke about a week ago about the midterms and how important it is to america this narrative, is it going to change given what we have seen over the past weekend? >> i don't think so, dom i continue to think this is about the economy and referendum on the biden administration. let's take the issues you covered in the piece before me twitter and change in control at twitter with elon musk taking over that can have an impact on '24 it is too late as you noted with him not instituting that moderation council i don't see a twitter impact on

the current election the pelosi incident could. i'm skeptical. it has the impact of shifting a little bit at the margins with the emotions of people i think the overriding issue in the election is the economy. it is lining up very well for republicans. >> brian, this is a situation right now where if you look at the way things are shaping up, there is a massive shift in momentum over the course of the last two or three months with regard to stories developing we talked the last time about how abortion rights were front and center for a good while. then the economy came roaring back this paul pelosi and nancy pelosi issue in your mind, if it doesn't change the narrative, how do both sides and respective campaigns respond or use this information or does it cause more confuse for the electorate? >> i think it could cause

confusion for the electorate in terms of how two parties respond, you have to be careful. you don't want to be seen as being callus and uncaring or at the same time, being manipulative or take advantage of the bad situation that can be counter productive democrats responded in the wrong way. i don't think either party has i think most members of both parties have handled this appropriately. they have said the right things in the right tone. i do think that it doesn't raise the issue into -- the incident i should say -- into a broader election issue >> and before we let you go, we have a few moments left. you mentioned the elon musk twitter side of things and possibly president trump making his way back to social media in your opinion, how exactly does that kind of change the

optics around social media and focus with elon musk and twitter and truth social and trump and now kanye west buying parler >> it is interesting the growth of competition for twitter and if the president were to -- former president -- allowed back on twitter. that lowers the temperature on capitol hill if republicans take over and then i thought they wouldperspective holding hearings and changes to telecom to impact social media the fact that alternative platforms are evolving and

elevating their presence and if twitter changes the policy, it could lower the political risk for the social media industry in general. you know it is something republicans wanted to look at if they do flip the house it may lower the temperature a bit on that. >> social media is focus for sure brian gardner, thank you keep it here "worldwide exchange" is back after this break ♪♪ ♪♪ be ready for any market with a liquid etf. get in and out with dia.

- [narrator] if your business kept on employees through the pandemic, be ready for any market with a liquid etf. getrefunds.com can qualify you for a payroll tax refund of up to $26,000 per employee, even if you got ppp. and all it takes is eight minutes to find out. then we'll work with you to fill out your forms and submit the application. that easy. getrefunds.com has helped businesses like yours claim over $1 billion in payroll tax refunds. but it's only available for a limited time. go to getrefunds.com powered by innovation refunds.

♪♪ for skin as alive as you are... don't settle for silver. harness the power of 7 moisturizers & 3 vitamins to smooth, heal, and moisturize your dry skin. gold bond. champion your skin. a very busy week ahead for wall street. events on tuesday marks the start of the fed reserve two-day policy meeting on rates. we hear from airbnb and amd. on tuesday, manufacturing and construction spending and the jolts jobs report. and then on wednesday, etsy and

yum and then we get reports from paypal and conoco phillips on friday, the october jobs report which is seen as the biggest factor that influences markets. let's bring in tiffany mcghee. tiffany, there is no shortage of catalysts. what is most important to you this week? >> dom, you said it. you should be my intro every single time. everybody is watching the fed this week. in addition to -- listen, consensus is the fed will raise rates 75 basis points. i'm paying attention to the forward guidance the fed has been very clear that they want inflation at that 2% target the fed, of course, watches pce and we all watch cpi, of course.

those are lagging indicators the current indicators are signaling the prices are starting to decline. commodities prices are coming down housing prices as well it takes a while for declining prices to reflect in pce or cpi whether they will start tapering back those hikes >> tiffany, tiffany, i'll stop you for a second we have a limited amount of time if that is the case, is this a market you can buy would you feel comfortable doing so or do you have to wait for the data points to come out before you put money to work or take it off the table? >> you don't have to wait. the first thing is your earlier guest talked about buying tech

although we have seen a rally, i think tech is still a good thing to buy we are focusing on high quality companies. we are continuing to select ad equity we are looking at total yield. in addition to high quality, we are looking at companies paying consistent dividends and buhigh buyback yield. the cool thing about the high buyback yield which is different than receiving dividends is you don't pay taxes until you sell it. >> okay. >> companies with regular buybacks do well over time >> tiffany, we have a little time left. your top picks >> keeping in line with that theme. lowe's with a trailing 12-month yield of 13% capitol one has total trailing 12-month yield of 20%. >> all right tiffany with the latest on the stock picks.

we appreciate it that does it for us on "worldwide exchange. markets reporting to marginal losses at opening bell dow down 130 points. "squawk box" picks up coverage next happy halloween. this is financial security. and lincoln financial solutions will help you get there. as you plan, protect and retire. ♪ with gold bond... you can age on your own terms. new retinol overnight means the smoothing benefits of retinol are now for your whole body. plus, fast-working crepe corrector diminishes wrinkled skin in just two days. gold bond. champion your skin. just look around. this digital agerinkled skin we're living in,wo days. it's pretty unbelievable. problem is, not everyone's fully living in it. nobody should have to take a class or fill out a medical form on public wifi with a screen the size of your hand. home internet shouldn't be a luxury.

everyone should have it and now a lot more people can. so let's go. the digital age is waiting.

good morning futures pointing to a slight pull back on the final trading day of october what an october it has been for the dow since 1976. busy weekend for elon musk and twitter. denying reports of mass layoffs. and covid curbs at one of apple's biggest iphone factories

in china w we take you live to beijing. it is monday, october 31st, 2022 "squawk box" begins right now. good morning welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square. happy halloween, everybody i'm rebecca quick along with joe kernen and andrew ross sorkin. >> we are not properly >> i've got pink >> she's the only one. >> my wonderful wiccan wife. i wear pink for her. she has been under a spell, as you know, for quite a while.