that's all for this edition of "dateline." i'm natalie morales. thanks for watching. good morning welcome to "street signs." i'm joumanna bercetche >> i'm julianna tatelbaum. these are your headlines >> jpmorgan chase cuts the chinese growth forecast in half after macro data disappoints markets rise with online sales with hong kong tech stocks rising double digits. infineon agrees on the long-term targets as it clocks 30% rise in 30-year revenue and

seals a chip product global competition will be in a more robust industry >> life in the uncertainty in the world and we are very supportive of all of the governments activities it is good for us. it is good for the industry. it is good for the supply chains if we make it more resilient credit suisse finalizes the sale of the product group to u.s. asset machininager apollo they look to make good on the restructuring policy. and ftx financial collapse saying there could be more than 1 million creditors in the bankruptcy filing as they look to down play the contagion fears. good morning warm welcome to "street signs. let's kick off with energy

forecasts from the iea raised the 2022 oil demand growth forecast by 180,000 barrels per day to 2.1 million in terms of 2023, the iea has cut oil demand growth by 40,000 barrels per day. in terms of russian oil output, it will fall per day as buyers shun russian supplies. the an rpproaching embargo is aa on maritime services to add pressure on the global market. >> and adding on that, the eu ban on seaborn russian crude and products means 1 million barrels per day needs to be replaced that is significant.

they put a number on it. also adding to that, russian oil output will fall 1.4 million barrels per day in 2023. very interesting comments around the new sea born ban that the eu will introduce this is the reaction on crude so far. pretty negative. we are turning attention back to bali the g20 is ongoing let's listen to the commission president ursula vonderlean. >> we want reliable and forward looking connections. this is why we are launching the partnership of global infrastructure and investment. we are joining forces to give our partners a powerful and positive offer

you have said the world needs a positive investment boost. to help guild the global infrastructure that we all need for sustainable growth invest in digital connections and transport that people can trust. on the european side, the contribution is the so-called global gateway it is our 300 billion euro investment for the next five years. combined with the wish to harness the power in the private sector we are convinced this will be a game changer for two reasons first of all, global gateway of pgi is not just the infrastructure, but also investing in the local capacities of our partners this is crucial.

we want to strengthen our shared resilience we have been discussing in the last session the vaccine manufacturing example. what is special about it if we take the example from the european union there is a european/american company that is sharing its mrna technology and training professionals. so it is about skills. we have european and financial insurtitutions providing the investment and we have the regulatory medicine agencies that are sharing their know how. no single actor in this combination could have done this >> we are listening to the european commission president on the sidelines of the g20 it is astonishing, julianna, how many leaders showed up in bali a lot of attention on the xi

jinping and president biden meeting yesterday. they have managed to carve out a communication. sylvia sent a draft of the communication with a word that most members strongly condemn the war in ukraine and stress it is causing immense human suffering. >> i think so far it has surpassed many expectations. expectations were low coming into the g20 summit. the communication looks like we are getting is a draft at this stage. it seems things could change. yesterday's meeting with biden and xi was surpassing expectation. any progress is good progress. >> and certainly sets the tone for how people are thinking about the chinese equities from here to that effect, we had data from china overnight. let's get straight to that jpmorgan chase cut the 2023 economic growth forecast for china. expecting the economy to grow by

4% on the year compared to 4.5% previously it also slashed its fourth quarter 2022 expectations in half forecasting 2.4% growth on the quarter. chinese total retail sales fell and factory declined in the quarter reporting to the slowdown in the economy. production rose and missed expectations and sales fell 0.5% marking the first decline since may. sam filed this report. >> reporter: not a good start to the economic area in china retail sales falling for the first time since may this comes despite capturing golden week. highlighting the impact of the lockdowns ahead of the party congress it wasn't good for catering. industrial output was slow as

covid curbs took a hit to production and exports con contracted investment managed to hold up okay in the first ten months since china relies on infrastructure to stimulate the economy. property investment fell pointing to weakness in the sector the trend perhaps is jobless rate which did not change. youth unemployment is in double digits economists say the challenges are offsetting and continued policy stimulus. what happens next? the pvoc kept the lending rate steady today suggesting policymakers are weary on the chinese currency. investors looked past the data in the morning session chinese markets fueled by optimism by the biden/xi meeting and announced steps to ease covid curbs. in singapore, i'm sam badas,

back to you. and chinese online sales of physical goods jumped 7.2% the expectation from january to september is putting tech sharply higher take a look at the stocks that are performing well. tencent as well as alibaba i'm happy to bring in the head of international from crane shares great to have you back with us again on "street signs." so much to talk about today. i want to start out with the g20. the bilateral meeting with president biden and president xi people are saying this is not ushering in a new era of relations, but putting a floor on the state of the relationship right now. what is your perception and how significant do you think this bilateral meeting was? it did go on for three hours >> i think the fact the two most

influence al ing leaders in thed have met in person and like you said met for three hours the topics discussed at the meeting are all front and center for each of the countries. this marks a significant step to reconfirm the two countries on the constructive side to build a good ripaelationship among themselves regarding trade and geopolitical issues and how they have a common agreements or common recommendations on foreign policies most importantly to me, from this meeting, they have followups for the senior level officials to meet at the next step to discuss more concrete plans, action plans, among the

two countries. that, to me, is very, very important. i raised the issues from the chinese state media overnight. they posted positive statements over how symbolic it is for the two leaders met and discussed the issues on the very side note, i noticed the picture they used for the state media released with the shaking hands of xi and biden. xi had a smile on his face it is rare to have personal expressions. i read it positively from what they discussed and how they carried it to the next step of execution and real plans that can have a meaningful and mature impact to the market and to investment and industries. >> notable to hear that

perspective from your hangangle. i want to ask about the tech stocks and what you point that down to you could say one of the reasons, one of the reasons the tech sector in china has struggled in last year is because the u.s. policy of cutting chinese tech companies off by the knees by limiting exports of key production chips, et cetera, to chinese big tech companies that hasn't been a positive development at all with the likes of huawei the last couple years with the weight of sanctions. what do you point the bounce back in tech stocks to >> probably i can contribute two to three big factors one is domestically. if you remember february last year to this year, the regulation introduced impacted the tech sector. impacted the performance of the tech sector.

that serveds as the manufacturig that dragged down the tech sector you heard from those reassuring the market that the regulation tightening cycles is behind ours over the last seven or eight months, you see real actions it was no new regulations introduced and we safely assume and consider the tightening of reform of regulation impacted the sector so much and is now behind ours. that's domestically. actually, what is important also to note is the adr release for regulators and chinese regulators and the fact that the chinese regulators take the extra mile to change roles to allow foreign auditors to go onshore and do audits for

chinese corporates that happened in august. now the u.s. regulators are now back to u.s. and completed their first round of auditing on site in hong kong all perceived by the market as significant and constructive and positive development in dealing with adr issues and allowing chinese tech companies to continue access foreign and international market that way. i think that helped. >> right very interesting perspective on what is happening in technology. i'm keen to get your view on what is happing with the covid front in china we saw the chinese authorities go ahead and release 20 measures that adjust the zero covid policy within china. two questions for you. one, any significance of the measures coming on november 11th, singles day, the biggest retail day in china? and does this necessarily mean

abandonment of zero kocovid is the pipeline >> i think it is very interesting. a lot of different ways of saying integrating the announcement announced on the single thes day. the largest sales day in china this is the biggest promotion that they all awaited for in this to come and finally get this released on the 11th of november it is hugely welcomed by the ma market that is the first significant step to reassure the reopening of china is this abandonment of zero ko covid policy i think this is a dynamic way to implement the policy in china. i assume and reading the released statements and details of the measures, this will, no

doubt, sequentially and gradually try it out in different cities across china. what is important is a strong signal to the market that the regulator heard the concerns about how impactful the covid policy is to the chinese economy and how they are waiting to assess more of the scientific way to relax the policy and gradually open this will give us more rea reassurance that the reopening is happening >> thank you so much for joining us on "street signs" and sharing insight. joumanna, let's get a check on markets. investors have been focus odd the bilateral meeting with president biden and president xi the three hour meeting that we were discussing.

a positive step no doubt on the back of the relationship between the two and what we can look forward to in months ahead many analysts are saying this is only a flooring. a lot of political comments from the g20. the hand over from asia is a good start nothing really to shout about. let's get into the individual ind indices. you see the ftse 100 up 15 points all eyes on the uk budget this thursday that will really set the tone on how much fiscal consolidation the government is planning in terms of data, we got labor data coming out showing the weekly earnings were up 6.2% on the quarter. still pointing to a tight labor market also worth pointing out the labor participation rate drops cac in france is up.

we had the cpi numbers come out. month on month showing increase of 1.2%. 7.1% on the year slightly below expectations there. germany in focus down .30% a couple of names there at the bottom that retailer dragging the stoxx 600. then ftse mib down .25%. and this is the breakdown for retail down 1.3%. struggling today in early trade. real estate is down .90% the impact of higher interest rates beginning to bite. up at the top we have utilities up .90%. household goods up .60%. jul julianna. credit suisse is in agreement to sell the products group to apollo global

management as part of the restructuring it hopes will derisk investment bank they expect to reduce the spg by $55 billion to $20 billion in a series of transactions it will complete by mid next year an apollo will run those for five years. neither party disclosed the value of the deal. vodafone downgraded by 200 million euro on the back of the worsening macro outlook. core earnings at the bottom of the range of 15 billion euro for the year we are seeing a negative share price down 5.9%. and infineon increased the market saying the growth would

top 10%. it unveiled plans in dresden willia which will come in operation in 2026 the cfo told us that the company's future growth will be driven by staying ahead of market trends. >> we are basing our structural growth on two trends or drivers. dec decarbonization and digitalization they important to the environment despite the consumer related weakness in some markets. putting all that together, that is the driver for a positive outlook each for the near term of fiscal 2023 where we are guiding for a 15.5 billion revenue number which would be more than 9% above the high revenue number we achieved in the last fiscal year which was a

29% increase these drivers, let's call it renewables, iot, autonomous driving are so strong that they really push us on that growth. our journey for the near future aswell as the long-term future as you have seen we upgraded our long-term capital market target. >> let's look at the demand situation and supply situation the chip industry has seen a lo. where do you see scarcity? >> we basically can characterize it in the following way. a bifurcated market. we have strong demand in ef everything which spells power. we are number one in power this is strong and remains

strong on top of that, gradual improvement on the supply and demand for auto customers for power. on top of that, there is the renewable where we get more and more demand from renewable which goes up, the power capacity. that is one area which keeps us very busy where we have a lot of products still in heavy allocation berkshire hathaway disclosed a $4.1 billion stake in the chinese chip maker it makes tsmc the biggest investment last quarter and tenth largest holding overall. >> i find that so interesting given the struggles in the industry we talked about how it has gone from a product squeeze to supply glut really interesting that warren

buffett is getting involved. >> very interesting. i think our colleague, rebecca quick, has an interview with him coming up. it will be interesting to see his views. >> i guess it pays off to be a c contrarian. coming up on the show, condemning the era of war. we are live in bali with the latest coming up next. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. when we started our business we were paying an arm and a leg for postage.

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welcome back to "street signs. you are looking at live shots from bali. moving ones. hope you can see who it is a bit shaky. there is president macron of france he is sitting down with the host we heard from president biden as well there are the two. french and indonesian leaders holding the meeting at the g20 joumanna, we were discussing that many have suggested that the summit has surpassed low exe expectations in what we heard

from it already. >> indeed. they have managed to agree on a draft communication. >> on that note, g20 leaders note this is not a era of war. this draft statement has been approved by g20 diplomats strongly condemns the use of nuclear weapons. let's get out to our colleague, j.p. ong j.p., talk to us more about what is within the draft communication and whether or not it is likely to hold and actually be signed by all of the nations over the coming days >> reporter: those are the important questions around the draft communication that was seen by certain news outlets it could form the underpinning of the joint statement of the world leaders later on if anybody is familiar with the writing, the draft of the piece can be very different from the

final output that is because there are a few words that might be called into question on one hand, they did say in the draft communication according to sources who have seen them, that the numbers oppose the war in ukraine, but also acknowledge that the g20 summit is not the venue to discuss security issues security issueses can have international complications on pol politics the g20 is not the summit to resolve, but things may not be resolved here and make the communication. here is the key word the word war we know that russia, who is part of the g20 summit, needs to characterize this as a war this could lead to watering down of the draft and communication the other thing we have to take note of it is while they were

disc disc disc disc discussing volodymyr zelenskyy and his proposal will be taken into consideration among the points is the withdrawal of troops and stabilization of the nuclear plant in ukraine russia may balk at these and say if this is part of any form of peace talks moving forward, we need to agree at the moment. and lavrov did not walk out during the address that means maybe he did sit down and probably decide to take note of what he is saying does that mean we will see russia concede to the joint

communication? maybe they are open to listening. speaking of lavrov, he is meeting with united nations secretary-general. this is happening in conjunction with the meeting with president biden and recep tayyip erdogan despite the fact we're late in the afternoon, there is a lot of discussion happening with the leaders here at the g s20 summi in bali. the biggest question is will we have a joint communication and bring progress to the conflict and the issues facing countries around the world back to you, ladies. >> j.p., thank you interesting you note the energy market coming into focus with the saudi crown prince we have a line from lavrov on the energy market. he said we proposed g20 to remove discriminatory barriers

the u.n. will remove barriers from russian grain and fertilizer russian foreign minister lavrov has been meeting with the united nations secretary-general at the summit according to the russian foreign ministry obviously a very controversial part of the conversations taking place and it is obviously they want the barriers removed. >> so many conversations everyone is meeting with anyone. as you see the take away has been positive. the british press have been commenting on rishi sunak's address and the fact he mentioned the war in ukraine as b b barbaric in the presence of lavrov this is a harsh form of criticism that has come out of the uk over the course of the

summer just to add to that, he said that president putin should get the country out of ukraine again, harsh words there picked up by the british media. we will leave the summit there. we will bring you updates when they come in we will take a break coming up, earnings season continues across the pond with key u.s. retailers reporting this week. we'll discuss what to expect after this break hi. i'm shannon storms bador. when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and thanks to shipstation's discounted rates we're saving a ton. honestly, we couldn't do it without shipstation join over 100,000 online sellers who get ship done with shipstation go to shipstation.com /tv and get 2 months free.

well come back to "street signs. i'm julianna tatelbaum >> i'm joumanna bercetche. these are your headlines >> jpmorgan chase cuts the fourth quarter chinese forecast in half after data disappoints markets react to the retail sales and tech stocks rising double digits. sergei lavrov hits back at discriminatory sanctions on energy markets as moscow is under pressure at the g20 in bali. infineon is upgrading the

targets with the full-year revenue and seals a chip project. global competition will lead to a more robust industry according to the cfo >> uncertainties in the world. we are very supportive of all the governments activities it is good for us. it is good for the industry. it is good for the supply chains if we make it more resilient ftx lays bear the financial collapse saying there could be more than 1 million creditors in the bankruptcy filing as competitors scramble to downplay contagion fears. kris marszalek will discuss it today on cnbc and we will hear

from changpeng zhao tomorrow. and sergei lavrov is commenting on the g20 summit now work on the g20 declaration is almost over work completed tomorrow. here is the kicker our western colleagues tried to po politicize the war in ukraine and declaration according to la lavrov the declaration has exchange of views. the west added a phrase that many condemned russia. russia mentioned alternative points of view essentially hitting back at the language contained within the draft communication and one of the key take aways so far which surpassed expectation is how much consensus there is around

the rhetoric against war based on what we heard so far after the meeting with biden and xi jinping and other members in bali here is russia's first response. lavrov is attending the summit in place of vladimir putin who declined to attend. >> what is interesting is if russia does sign the communication, that is a remarkable step given most of the language in the communication is directly criticizing russia and the war this is the foreign minister's way of explaining to the russian population why they had to sign the g20 communication and inceincs insisting there were alternative point of views and this is ext strictly their language. there is a hybrid war in ukraine started by the west which is pure propaganda given we know it

was russia who was the agressor in the case. the language within the document will say this must not be the era of war. >> picking up on your point if we get agreement out of the g20, lavrov is saying the west did not succeed in blaming russia for failing to reach agreement on the g20 declaration that is a really interesting point. u.s. and allies blamed russia for unprovoked aggression. we will see if they are able to sign off on the draft communication. let's move on now to european equities trading mixed. we have a bit on the board for german and spanish and italian market uk above the flat line

cca is up .30% following a day when the stoxx 600 gained 0.14% out perp foforming the u.s. let's look at u.s. futures and see what is in store for today we are back on the move higher dow jones industrial average looking to open 130 points higher nasdaq is also looking to regain lost ground. s&p looking to open 24 points higher u.s. retailers are focused on margins and inventory. walmart and home depot kickoff today. followed by target, lowe's and tjx. to help set the scene, we have partner at simon kushner joining us now if i look back one year ago.

comments were positive all of this language about the strength of the u.s. consumer and optimism heading into the holiday season how different is the language going to be this time around >> i think expect expectly in specifically in walmart. i think in q3 and this quarter, for retailers, we will see mixed results influenced by the macroeconomics trends and primarily inflation and inventory glut on the one hand, inflation is pushing average tickets up walmart, target, costco, macy's, kohl's, all of the retailers sell household necessities and value players in the space as a result, they stand to benefit from capturing cost

conscious consumers. these on other hand, retails face the inventory glut that has persisted the past couple quarters excess inventory on shelves and warehouses, as a result, retailers are looking to mark down additional promotions to move that stock. this is going to squeeze margins on the other hand. i think it will be a mixed picture for the retail industry in q 3 and going into the holiday season >> i saw an interesting chart from robert hum show how staple spending is eating discretionary spending you alluded to that as well with the consumer trends. if you are an investor watching the program, which retailers are

going to do well in a recessionary environment is that the correct breakdown to think about? >> i think it ends up being impacted by the macro economy. you mentioned the looming recession. i think still the severity of the recession is unclear it might impact different regions and countries in different ways the fact we have layoffs in the tech industry and twitter, meta, lyft and more companies with public layoffs amazon is one of the larger e-com retailers announcing it will cut jobs. interest rates will be high across the board this combined with persistent inflation we talked about is only started to ease it still is a big consumer problem that a lot of the rate hikes haven't been able to fully address. there is all of the political turmoil in ukraine and war in

ukraine. i think what will happen for retail, specifically, they will review all of the different departments and business units and ventures and may make tough decisions to contain costs i think this is going to happen across the board not just in a certain sector of retail to answer your specific question about which retailers will win, yes, consumers in a period of uncertainty and period of crisis and recession tend to be more cost conscious and price sensitive. what they do is they trade down. they trade down to retailers that are more value players. we will see walmart, target, club channels and other low-cost best value proposition retailers win in this pace however, at the same time, i think we might see some of the other retailers, you know, have stormy weather up ahead because they are losing the middle

class, if you will, because folks are trading down manufacturers. private label will continue to gain steam not only are consumers trading down the type of retailers, but products they are buying, too. >> putting all that together, one thing surprises me is consumer spending at the macro level has held up and come in better than expectations what do you think that tells you about the health of the consumer looking ahead? you talk about p volume and price. perhaps volumes will hold up prices are going to fall >> yeah. i think that's one of the those things because of household essentials and necessities -- again, recession with the tech layoffs and interest rates -- job market is still strong they are really pointing to

sevhe is vseverity just yet. i think it is a topic that impacts day-to-day life. western economies are posting 8% to 10% inflation rates these are the highest in 40 years. what really exacerbates this problem about spending is that consumers perceive inflation to be a lot worse than it is in reality. there is psychological impacts which is far greater than what we are seeing in actual numbers. we see that according to the american psychological association, inflation is the number one cause of stress for households today they are budgeting and continuing to tighten their wallets. i think what is very interesting and telling is that for the upcoming holiday season and this is where we really will be able to see the impact of inflation even though in the u.s., specifically, consumers are saying they will participate 90%

in black friday and cyber monday, they are looking for more promotions and deals to combat higher prices at the same time, they will spend a lot less than they have in the past and previous years i think it is catching up. if we look to the next quarter, we will see if there is a downward trend or stabilization in spending. >> thank you for the outlook on the health of the u.s. consumer. now ftx says there could be over 1 million creditors in the bankruptcy case. the failed crypto exchange appointed new directors to jo s ove oversee the company's bankruptcy process. what a story i was reading over the weekend how it was revelation after revelation of the size of the liability gap. they had $9 billion of

liabilities and less than $1 billion in liquid assets they could sell at any point. a case of mismanagement. potentially fraud. given the deposits moved from ftx to alameda the prop trading fund that ftx was managing there were three things lagging. no board no management oversight. no correct auditing. where were the auditors? the third thing, lack of regulation >> this is an issue that captured the attention of investors and regulators around the world and dozens of authorities are looking into the collapse of ftx and all of the pieces connected sam bankman-fried did an interview with "the new york times" over the weekend. he has been facing, he andthe new york times, facing criticism around the nature of the piece a lot of people, including elon

musk, who likes to offer a controversial view, saying it was a puff piece he didn't offer any major remorse and even said this line here you would have thought i would get no sleep right now instead, i'm getting some. it could be worse. a lot of criticism swirling around the man himself and how seriously he has taken the impact of the fallout. >> he certainly tweeted he took total responsibility with some e expletive words. some statements are strange. it is unclear if he is tweeting this week. this is a huge collapse. it will havehuge repercussions for the industry and huge effects for the industry you have to wonder how high the hurdle is for anybody to get inn p involved in crypto again for a retail investor, this is a

real perfect storm of what can go wrong if you get involved in crypto and this story is one we will follow closely. coming up on "street signs." congress in session and votes still being counted from the mid-term elections we will bring you the latest from d.c we'll be right back. 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

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welcome back to "street signs. nbc news projects that katie hobbs swins the race. lake was the high profile candidate to embrace former president trump's claims of election fraud let's get to brie jackson with more brie, talk about the significance of the race and what it says about the appetite for former president trump as we now look to an announcement due from him later today >> reporter: good morning, julianna when it comes to kari lake

losing against katie hobbs, kari lake was endorsed by former president trump and talked about the false claims during the 2020 election it was another blow to the candidates who former president trump endorsed now we do expect that announcement later this evening from former president trump who teased a major announcement. he is expected to announce the 2024 presidential run. it is unclear if republicans really want that republicans are pointing the finger at former president trump blaming him for the midterm losses in particular when it comes to the trump-backed candidates that lost what we know as the election results continue to roll in is that democrats will maintain control of the senate and the house is still up for grabs as we continue to have some of the races that have not been called.

it does look like republicans will end up with a slim majority in the house all eyes on the former president tonight as he is expected to make an announcement about his political future >> brie, thank you so much for the breakdown. certainly something we will be watching later today >> at 2:00 p.m. london time. we will see what he has to say if he does announce he is running again, why didn't ron desantis get ahead of him? why not front run him after the sweeping victory >> it is really early for a candidate to announce they plan to run if he does announce later today, he plans to run again, there is a long time between now and 2024 a lot could go right, but a lot could go wrong typically a candidate would not want to announce this early. >> looking at the barrage of criticism levelled at former president trump personally over

the weekend would be interesting if he decides to run and not a positive step for the republican party. of course, he can do anything, as we know he changes his mind a lot of times. a quick look at u.s. futures before we head out all three majors are opening in positive territory dow up 120 points. nasdaq up 120. the good news is it is continuing for the tech sector we are still keeping a close eye on all of the fed comments coming out brainard insinuating they have to hike. >> that was interesting to see that u.s. stocks moved lower despite the dovish comments. that is it for "street signs." coverage continues tomorrow. i'm julianna telumatba >> i'm joumanna bercetche. "worldwide exchange" is coming up next. to help keep you both effortlessly comfortable. our smart sleepers get 28 minutes more restful sleep per night. save 50% on the sleep number 360 limited edition smart bed. only for a limited time.

ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.

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it is 5:00 a.m. at cnbc global headquarters. here is the top "five@5. stocks hoping for a tuesday turn around after back-to-back losses futures are higher. investors looking to key inflation data and earnings from two big name retailers for new insight into the health of the consumer and outlook for the u.s. economy. disgraced ftx founder sam bankman-fried breaking silence over the finances and what led to its collapse. and berkshire hathaway betting big and shares are popping in the remarket.