it is 5:00 a.m. in washington, dc, and here's your top 5 at 5 you're waking up with dozens of key races still too close to call, although, nbc predicts the republicans willlikely take control of the house the senate is still up in the air. and we may not know until december, investors now gauging the political and economic landscape. it's not just about the futures. dow futures are down disney getting hammered on disappointing results. elon musk selling billions of tesla stock all to pay twitter

founder sam bank losing $15 billion in wealth and many questions still remain, and thousands of facebook employees waiting for their pink slip today. marng zuckerberg said meta grew too big too fast this is wednesday, november 9th, and this is "worldwide exchange" on cnbc. ♪ well, good morning, good afternoon, or good evening, and welcome as always from everywhere in the world you may be watching. glad to be back with you today thanks for joining us, everybody. they're getting up earlier or stayed up late, who knows. let's look at why you're here. that's how the markets are reacting to america's elections. stock futures are down across

the board. the dow jones industrial average down 144 the s&p a little better off there. all coming, by the way, off a big day on tuesday it really was a big last 30 days or so for the markets. all the major averages rising on tuesday. let's check the bond markets yelleding costs, holding steady at 4.14% this is the number everyone has been watching. what was that? 0.3% at the pandemic lows back in march of 2020 now 4.67%. let's check oil and gas because oil has really popped over the last month or so now, we are down a little bit today, but we're 88.20 we were down from 90 the other day. oil at 8 that means gasoline prices are probably going to move higher nationally and take a look at this news if you're focused on the

midterms, i get it, but there was a fire that broke out at a big chevron refinery in los angeles. we are waiting for more details. some say it may be localized we have to wait. i reached out to ask what's the status hopefully everybody is okay. but either way, with gasoline prices across california at 6 bucks and more, they could not have any more problems with refineries they produce about 270,000 barrels a day of both gasoline, renewable fuels, et cetera that's the story in gasoline that we are watching of course, crypto with that massive and surprising binance bailout by ftx, somewhat shocking from yesterday. emily partner will be up to talk about this in a few minutes. ftx, that is the news, the token. it's down 22%.

it lost more than 70% yesterday. that continues to decline. again, we're going to get more on that story. reminder, ftx, the firm, they sponsor a stadium. you see all the names on the referee jerseys, tom brady, steph curry, bold-faced names have take an step toward ftx stock. another part of the story being part of that crypto universe is coinbase global. it continues to fall, down 4.6%. this is where that ftx/binance news hit it's holding all bit, maybe better than some hat stock, but the stock is still down nearly 5% in after hours. all right, another big money mover we've got to watch, and this is going to be the big story. from a stock perspective, your stock story is going to be disney

shares fell short this morning they fell short on profit. the streaming number came in terrible i don't think it's after overstatement because the market is telling you that. disney stock, maybe one of the worst we've seen for a while of course, it's in the dow this right now may not be the only reason dow futures are down, but that is going to hurt the dow tofrmd we're going to get more coming up you've got a mixed picture in asia, maybe a little good news out of china they had an inflation number that actually dropped for the first time since december of 2020 you can say, i don't believe the chinese data figure, either way, you see it there you see their stocks kind of likes lower across the board, by the way. cold temperatures, they had nearly perfect weather for two

months now it's getting cold, and natural gas prices are beginning to creep higher. again, something to watch there. all right. we've got much more on the markets and money, but right now, of course torsion your top story, and this is the election. dozens of midterm races around america are too close to call as president biden's second half agenda hangs in the ballot nbc's brie jackson joining us from washington, dc, with what we know right now, brie, and what we still don't. >> reporter: hello, brian. yeah, results continue to pour in we're told president biden was upbeat as election results came in overnight while it's unclear exactly what will happen, democrats say it was an unexpectedly good night for the party. control of the house and senate remains up in the air this morning as both parties pick up crucial wins in pennsylvania voters elected democrat john fetterman to fill

the seat of a retiring republican. >> i'll be the next u.s. senator from pennsylvania. >> it was a big night for democrats in the keystone state as josh shapiro won his bid for governor. >> truth won right here in the commonwealth of pennsylvania. >> reporter: in the neighbored state, ohio, trump backed republican jd vance who won. >> we had a good night with the republican party. >> reporter: although, it was not the red wave some predicted this year. in the house, virginia's abigail spanberger retained her seat in a race widely considered a litmus test on how democrats would fair in swing districts. with votes still being counted, republicans believe they'll secure enough seats to control the majority of the house.

>> we will be in the majority. nancy pelosi will be in the minority. >> reporter: some races are too close to call. brian kemp projected victorious. but the battle for georgia's u.s. senate seat remains in the balance. >> we're not sure if this journey is over. >> hanging in there a little bit longer. >> reporter: as does the balance of power in washington and president biden made calls to congratulate winning democrats, and we do expect to hear from mr. biden in some formulator today. >> brie jackson, thank you very much. back on wall street, they're awaiting results any sign of public gridlock before turning their attention to tomorrow. joining us now, dan ruud thanks for getting up or staying

up i'm not sure any of us really slept. dan, i'll start off with you based on what we know now and things could certainly change, is there any change in how you look at the market and where you're investing. >> not really, brian, and thanks for having me this morning i do think with the elections behind us, we can move forward you have more of the fed reserve cutting rates after the midterms that's not going to happen unless the economy in the first half dramatic decelerates and inflation really comes down because typically the president wants to focus on his election prospects and would want to have more in the form of additional liquidity. i'm going back to the old playbook of focusing on

companies that are more attractively valued from a price earnings, multiple price to book, price to catapult, so on, so forth. >> you say the elections are behind us. we may have a month to go. >> essentially, essentially. >> how about this. the bulk of it ivory johnson, i'll ask the question to you. based on what you know, would you alter for what you're doing? >> i live ten blocks from the u.s. capitol building. we see it more of an effective goc governing body they campaigned to lower the inflation rate that's a more hawkish stance the likelihood that they'll come out with a stimulus package to facilitate economic growth will go down significantly.

we go from a negative 18.5% to 12.5% in the second quarter to 2021 now 21.8%. that's really the problem is that inflation while still coming down, it's not going to decline more faster than revenues, and that leads into corporate profits. so i don't think the political issue is going to be something i would hang my hat on. >> well, it was well said. living in dc, you know dc upset many times by both parties really the business of the world is sort of the business of the government and washed. you know, dan, we were so focused on the fed for months, we kind of focused on the elections in the near term we've got the cpi rk inflation data tomorrow. outside of politics, i would imagine you go back to the playbook >> the numbers are really going

to tell the story as inflation continues to run high. what are their choices they have to stay in front of inflation, the inflationary pressures because history has shown when you don't have a consistent policy and stamped out inflation very early with more aggressive policy, you can really prolong those inflationary pressures like what happened in the 1970s. >> whether we go down, ivory, from 8% to 6%, let's be clear, it's still hot we had a nice run-up in october. don't want to take away from any of that. is cash still king until we get more clarity and visibility? >> i think cash makes a lot of sense right now. sometimes winning is not losing badly. so on a relative basis, while you might lose your purchasing

power, it's a great place to hide, i don't think we're out of the woods. if you look at consumer credit, consumers borrowed another $25 billion in september personal inflation rates have declined pretty fast, second low in 14 years. u.s. pending home sales down 31% year over year let's not forget, 70% of our economy is a function of consumer spending, and the consumer's tapped out at a time when mortgage rates have more than doubled the problem is when people go to crash, the dollar comes up that's been a wrecking ball not just in the united states, but it's had global repercussions as well. >> very well said. i think your point on real estate is very well taken because real estate is a lot bigger than the stockmarket and a lot more important to a lot of people ivory johnson and dan veru,

thanks for waking up early and joining us. let's step aside for a moment and get some of today's top stories this morning including a huge sale with elon musk good morning, silvana. >> what's a day without elon musk news. elon musk sold nearly $4 billion of tesla shares in the days following his $44 billion purchase of twitter. according to the disclose euro, he must unload money by tuesday. many oven wall street have been expect an additional share sale from nousk help finance his twitter deal. tiktok is slashing its worldwide representative knew markets this year by at least $2 billion. according to the "financial times," the lowered outlook comes as the platform becomes the latest to be hit by a global

online ad-spent slowdown it had cut targets by 20% back in september when sales were expected to fall between 12 and $14 billion. and facebook meta's platform will be laying off employees this morning mark zuckerberg broke the news to hundreds of his top executives yesterday afternoon the numbers are expecting to fall in the thousands. those familiar with the meeting yesterday say zuckerberg is take full accountability for the company's missteps and his overoptimism about growth leading to overstaphing. meta shares are down about 70% this year, brian. >> yeah. the sad story there for many of the employees and certainly for many investors, that stock has been wiped out i call it the new coke moment. >> i know it's a story we're going to keep following. we'll keep you posted, brian.

>> thank you very much. all right, folks, we are just getting started on this very busy wednesday. when we come back, why the stock ticker for disney, dys, this morning could stand for disaster why the stock may be a baijiu plus much more on split term elections and what it could mean about the energy policy, and the great and powerful helima croft will join us stick around

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hi, welcome back if you were worried about disney results, you were right. they came in they came in lower than expected disney's stock is down 8%, the company falling short of expectations for profits and a number of key revenue segments to streaming parks the earnings cos coming in 35 cs lower. the worst for disney going all the way back to the early 1990s. ceo bob chapek warning of a near decline until it achieves what they hope is profitability by 2024 operating losses for the streaming platform more than doubling from a year ago within a billion dollars. joining us now is jason b bassinet good morning

for people who are worried about the quarter, i mean their worries were founded what went wrong besides apparently everything? >> well, i think it's important to separate what went wrong in two buckets. you had covid come back into parks. you got hurt a little bit with shutdowns in china, tagged with a hurricane in florida and the launch of one of their cruise ships, and that sort of cacophony meant they were running closer to 307 let's say over the last three-quarters, came in at 20. the good news for investors is all of those items are sort of transitory, and so those margins will come back, you know, next

year that's the good news the second thing that went wrong was on the dtc, direct to consumer side losses was much wider. i think here it's going to take a little bit longer for disney to dig out of the ebita losses i think the positive is they didn't walk away from getting the ebita profit on the back of 2020. >> we're in the media. we love to talk about nothing more than the media, but let's talk about these streaming numbers. >> sure. >> i mean, they're bad and losing over a billion bucks, what do you do charge $20 a month you double your fee? i mean how do you possibly make this up? when do the numbers start to make sense >> right so a couple of things. the first point is we know this business can do something like

20%. they can be 20%% also. so i don't think there's much of a question can you get there the challenge is how do you get enough revenue over the transome to defuse all of the fixed costs in the business. i think this is really important. remember, disney took dramatic price changes earlier this year. they haven't gone into effect just yet but the reason they're so important is they're going to might much easier for consumers to bundle, right i'll give you an example in the u.s. if you add disney plus, you can add hulu for $2. if you have hulu, you can add disney plus for $2 the turn rate goes down when customers buy more than one of these apps so that's very important, and i think that's what's going to manifest itself as '23 and '24 roll on. as you get a few extra bucks, all of these drop to the bottom line there are no extra costs that's where we're headed.

>> bottom line, jason, what do we do? do we own the stock? are we selling into the weakness hanging on buy more >> i would definitely buy more you said it yourself in the preamble this is the worst quarter since -- what did you say? >> biggest miss since the early '90s you had to use tickets to get into disney. the e-ticket was what all the kids wants. >> the answer is in your statement right there. you had two things that went wrong this is absolutely a buy. absolutely. >> absolutely a buy. all right. we need "mandalorian 2 yts maybe "baby yoda 2" perhaps. he was once billed at the warren buffett of crypto now his firm needs to be bailed out. oce entire crypto world is in shk. the latest bizarre turn with ftx next meaning... i get to meet my childhood idol.

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value yesterday, losing even more this morning. effectively it's not wiped out, but it's not far from being wiped out. joining us now, emilie parker, executive founder of coin desk they were on the story yesterday. emily, i appreciate you getting up early and coming back on. with all the attention on the midterm, this to me is one of the biggest market stories in the world. what do we know? what have we learned in the last 12 hours or so, because i think people's heads are still spinning about how ftx could go down like this. >> emily, are you there? hello, emily >> hello. >> this great setup, we didn't want to waste it it's fine. 50i78 just kidding in the crypto world, i mean, they're stunned. >> they are. they are stunned

i think is really one of the biggest crypto stories i've seen in a while, even competing with election day in the u.s. one interesting thing that has emerged is cryptos are trying to be more transparent in the wake of this huge crisis, so that's one positive thing that's come out of this is crypto changes are taking a little more crypto accountability in terms of publishing proof of their reserve holdings. >> yeah. you know, cz zhao who's the head of finance, he tweeted out something, kind of like a little scolding lesson to sam bankman fried. number one, never use a token you created as collateral, and number two, don't borrow if you run a crypto business. are we learning -- who knows how this turns out, emily. but are we learning here ftx may

not have been the firm that we thought it was >> well, yes ftx has been doing a victory lap because they've been the most powerful in the industry, yes, but it's amazing that's definitely the takeaway that's sort of why we're in this situation because it seems that a lot of people think exactly that, that ftx is not the exchange that they thought it w was. there was a story how this balance sheet was largely made up of ftt, which is a story that ftx invented that raises a lot of questions about liquidity. so much of your balance sheet is made up of tokens and out of thin air that's what caused the proverbial run on the bank where a lot of people wanted to take their money out of ftx as soon as possible. >> we talked yesterday, if

people didn't see the 1:00 show yesterday, it would be like me funding a baerng with sully bucks and then putting in sully bucks. investing in yourself. forget about the tom bradys and the steph currys i get that we've got sequoia, we've got blackrock, we've got tiger global and softbank. these are some of the biggest and most sophisticated investors in the world, not crypto, but everything in the world, and they missed it. >> yep, that's a great point the thing is sam bankman-freed, fried, he went out and raised more money from big investors. yeah, i think it raised a lot of question so much invested in one individual in an industry that should have been so

decentralized. for a while it was ftx and binance who were the two biggest players. now we're down to one, binance >> any contagion risks in your mind, coinbase, others >> i think -- i don't know about coinbase specifically, but i think what we've seen in the past with some of these crypto implosions is there's a lot of entanglement between different player, investors. there's a lot of common investors. this is what's really interesting about it a lot of this started when binance sort of announced they were going to unload their ftt i think there will be a contagion, but it's hard to predict skpartly where it will shake out. >> emilie parker, i really appreciate your insights i'm sure we're going to know in the next hours, weeks, days, thank you so much. 'l're back on wex. wel talk with helima about

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. welcome back, everybody, on this wednesday morning thanks for joining us. the futures right now, they're down across the board, all of this coming offer a big day on tuesday when the marks all rose. right now the dow futures is down about 148 points. we'll get back to the macro markets in a moment. new filings reveal elon musk

sold nearly $4 billion worth of tesla stock in the days following his $44 billion buyout of twitter according to a disclosure, musk unloaded about 14.5 million shares, leaving him roughly half the stake when the company had to sell stock to pay for twitter. to the story of the morning. that's the midterm elections democrats did flip a key senate seat in pennsylvania with john fetterman defeating them at odds but a so-called red wave simply not happening. in fact, democrats may end up keeping control of the senate. arizona, nevada, georgia all still in play. wisconsin has also yet to be called a little bit of a different story in the house nbc news is projecting republicans will likely take control of that chamber with a slight, maybe very slight five-seat advantage. let's dive more into the results, what we know, don't

know, with tina fordham with fordham insight. she has a piece in the "financial times." i urge everyone to read that tina, still some things to play out. what's your takeaway >> thinking about the macro as i'm sitting here in london and discussing this with global investors and corporates, there were some interesting surprises, right? i actually love it when there are surprises. first of all, it was a bad night for the polling industry i don't want to talk about palm reading and astrology. that would be harsh, but it does seem like it might be more than a temporary blow to the poll, aggravators, and the industry which has really sprung up, which has clearly appeared to not have captured the race having said that, anybody like me who's dealing with this data

and looking at it would have said and did say before, all of these big races that we're talking about were very much within the polling error range so it's a caution to -- i think to investors who are looking for a clear narrative. we don't have a clear narrative coming out of these midterms i think for global viewers, they're going to breathe a sigh of relief in that, you know, it doesn't look like a lot of drama coming out of u.s. politics. political drama, yes, but not as much as feared. >> the u.s. is calling the senate we have four races we may not know until december 6th in the runoff of georgia then we'll see what joe manchin does as you're meeting with investors and for our global viewers and

audience, based on what we know now, is there any significant policy change that will impact the american markets, the global markets, the bond markets? >> policy impact is one thing. i think most observers that i'm talking to in the sort of global investment market are very concerned about failure to raise the debt ceiling, which is coming up again in december. and let's remember that this is a newly weaponized policy option having seen what we did in the uk, there will be a big question whether bond markets will be so forgiving if republicans report to this weapon again so the debt ceiling is one key issue. the biggest point of relevance for global corporates and investors is, of course, u.s. foreign policy, and here is

where we americans can go back to civics 101, which i don't know is taught anymore, brian. >> should be should be. >> i'm dating mooichls absolutely should be we'd have a lot fewer problems if it was. but the legislative branch doesn't control everything so we had a lot of, you know, loud voices, particularly from may crow republicans about cutting aid to ukraine and this sort of thing. those comments definitely got attention here in europe and globally, but i don't see them actually materializing so on this front, there are a lot of things still to digest about the midterms, but to answer your question no site has enough power to make big changes. and for financial markets, that's usually good news. >> probably maybe is good news,al though, with the gop likely controlling the house --

that's the nbc news projection -- woulda debt ceiling fight get another one because we've had a number of them in the last decade or so woulda debt ceiling fight be a negative for the markets >> i think that it's a concern given that the much weaker monetary fiscal economic policy backdrop, and that's what i was referring to with the uk point there's just less room for maneuver and for these kind of, you know, political theatrics in an environment where the fed is less accommodating in other words, the cost may be less than republicans have bargained for, for now they're savoring their victory and sounds like running down subpoenas on the white house. >> yeah. and maybe a lot of hearings over the next year or so. we'll see. it's kind of paralysis by analysis tina fordham, we appreciate it thank you very much. all right. so let's stick with the election

and what the results at least as we know now might mean for u.s. energy policy. joining us, helima croft, cnbc contributor. one of these days i'm not going to have to say that because everybody knows who you are and how smart and great you are, and we'll just bypass all the other stuff. we know the house is likely to go to the republicans. from an energy pe sper active if that's the case door you think it ups the chances or the serious pause in the nopec legislation? >> i think the chances of getting it passed is declining this was a hot issue after the opec meeting democrats were sort of driving for thchlt i don't really sense a lot of republican enthusiasm for it yes, senator grassley put it in the defense authorization act, but he's really opposed to car

tel tel. so i'm not sure it's headed to the president's desk for signing at the moment. >> what about the iran potential deal, their return to the global markets, nuclear deal, et cetera does this change that because iran is really important to the global oil market. >> iran is really important. it's potentially a million barrels. but even before the election it had very lit the way of profit negotiations you also have iranians, vladimir putin's best friend providing the russians with technology, drone technology and so i just don't believe there was a lot of momentum to get this deal done you alts have all these protests happening at the moment. president biden publicly siding with the protesters. the iran deal looking like it's basically stalled out at this moment i think the really interesting questions are going to be do you see if you have the house

controlling -- problems controlling the house? do you see hearings potentially on the use of the spr. do you see some pairings around the inflation reduction act? the republicans don't have the vote to really block implementation, but they can slow hearings and try to slow things potentially down. >> the democrats, department of energy, secretary jennifer granholm, they've been talking about possible restrictions on u.s. oils and refined products people say that's the wrong thing to do. it might jack up prices, not lower them we could debate it all day long. even with a couple of votes, does that change the likelihood we do not get export restrictions >> again, it falls under the category of the spr. yes, they could hold hearings on it, but the white house could probably use emergency authority if they want to go down the road of export restrictions they probably have the power to do so. the question is do they want to do it to europe?

europe is set to impose very serious sanctions on russia, energy imports starting with oil. but they're also doing products in february. so if we were to cut off the export of refined product, that could put our critical allies in a very tough economic situation. the question is does this white house want to actually pull the trigger on product export restrictions >> do you think that could still happen and if it did, what's the impact, because i've talked to many smart people who said it will do the opposite not going to lower prices. it might raise prices in the united states. >> you certainly hear speculation there were some in the white house that favor exports. you hear reports there are some on the political side they're at least amenable to thinking about it you have democrats pushing for it again, it does not look at this moment as if they're pulling that lever again, it remains on the table so watch what happens,

particularly diesel prices to me that is the important cater to watch that can be where you see the restrictions coming. >> 12 days of diesel supply up there in new england where you are, helima croft. you know what i'm talking. we just had a refinery fire last night in los angeles helima, we appreciate you staying up late, getting up early. that's you there's actually two of you. we're just not tell. it's like the prestige helima, thank you very much. >> thank you, brian. >> you're welcome. as we head to a break, sweetgreen reported a wider than reported hey, don't blame the messenger the company lowering its full year outlook as one of its biggest partners, peloton, faces consumer demands of its own. it opened up lower overseas. down as well we're three for three. dow tufures were down as disney

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welcome back to "worldwide exchange." facebook's meta will be issuing layoffs. disney looking dismal. earnings wing on almost all metrics streaming. overall earnings coming in 45%

below consensus. that's the biggest miss for disney since the early 1990s that's according to rbi. and ftx ceo sam bankman fried making history in all the wrong ways after binance announced plans to buy bankman fried's ftx. waking up to a net worth of about $990 million, which is a lot, but it was $15 billion yesterday morning. biggest one-day wealth collapse every among billionaires. all right. on deck aaron gibbs standing by laying out your post-election plays. and regardless of what happens, the one health care stock she loves right now. and buying your starter home. or whatever this is. but the things that last a lifetime like happiness, love and confidence... you can't buy those.

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(vo) this is more than just a building. as you plan, protect and retire. it's billion-dollar views. perfectly located. an inspiration. and enough space to start an empire. loopnet. the most popular place to find a space. welcome or welcome back, everybody. there's a lot going on today outside of the midterm election. on the economic front you get

wholesale trades for december. some earnings still on tap you have rivian, bee beyond meat, bumble, and wynn as well tomorrow is the consumer price index. that's probably going to be the market moving event of this week maybe the election move was in october. it matters a lot, but it matters to the february. you know what matters? erin gibbs erin, we wake up today with maybe a slightly altered political landscape, maybe the house going slightly to the gop, the senate we may not know for another month. that said, based on what we know, what we don't know, do we change everything? buy everything no. it doesn't look like the repub

republicans did not get a lot of what the gop hoped for if anything, we're still more up in the air as the results come in, if they do, they at least control the house. certainly a little bit of a help for energy, but that's already been doing better. it's not like you need to drastically change your strategy i think it's just going to be somewhat of a relief to investors that a divided house would at least be a little slower in creating some of these policies nothing major as far as takeaways for today. >> we'll probably get stagnant for the next two years, right? we'll probably start the presidential cycle tomorrow, which stinks, but that's the way it works that said, erin, we had a beautiful run-up in october. was that kind of the move we

kind of expected after some sort of change in congress? it felt somewhat political. >> i think so. i think stasis is actually good. if anything people are happy with the status quo. we've kind of constantly been having to adjust to new plans, government spending, how it's going to impact the economy and different industries, so stasis just means we have a little less to analyze, and so i think october has been good. i think another thing people are looking at as you mentioned is the cpi report coming out tomorrow although it has kind of been a surprise for many months it has been in a decline since june where we can get that coming back down you know, anything below 8% nch i think, would be sort of a sigh of relief for the consumer as well as for what the fed's going to do. i think they's really going to

be the most important number coming out of the week on top of the midterm elections. but you're still going to -- risk off i don't think you need to change anything dramatically. i don't see any trends changing because it's november. >> i get this brilliant tease where i said the stock that erin gibbs loves right now. it probably doesn't matter, health care, in the short term what happens with a name like unitedhealth, you think it's probably going to keep printing money. >> yes though health care isn't one of our favorite sectors, imagined health care is by far and away one of your best bets. it's a much more long-term type of strategy. obviously people need that managed health care. it's still important whoever's here or not. just one of those companies

that's been really great at using profits, very stable it's kwlour nice stable company that isn't highly valued valuations are not expanding, and we're actually seeing improved profits rather than declining, which we're seeing for a lot of other sectors. >> outside of that, you kind of set it at the top. just to reiterate, energies are working. even though it's had these huge run-ups. i'm saying it's the best performer. the median gain has been like 70% this year. >> yeah. and i think, you don't even have to -- within the energy sector, it's been such a broad run-up that obviously it's very good, but you could certainly buy an energy etf still at this point, while it's a bit extended today, there's really no stopping this trend and it could go well for another month. >> yep they've just been printing money

as well. erin gibbs, main street asset management, thank you very much. folks, as always, thank you for watching "worldwide exchange." we're going to have complete coverage all day long beginning with "squawk box," by the way. think were on last night, and they're on again this morning. we call that wex'ing "squawk box" is next have a great day just look around. this digital age we're living in, 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 if you're just waking up, dozens of key election races still too close to call. control of congress still uncertain. a full rundown is straight ahead. disney, meanwhile, is weighing on dow futures, that stock getting hammered on disappointing results. and the crypto world is shocked after binance bailed ftx

out of a liquidity crisis. founder sam bankman-fried lost nearly $15 billion worth of wealth in a day. he's only 30 he'll make it back we'll see. it's wednesday, november 9th, 2022, and "squawk on the street" begins right now ♪ good morning, everybody. welcome to "squawk box" here on cnbc we're live from the nasdaq market site at times square. i'm becky quick along with joe kernen and andrew ross sorkin. it's the morning after and we're watching the fallout on wall street right now do see some red arrows, although, the losses have been paired in the last hour or so. right now the dow futures are down, but by less than 100