it is 5:00 a.m. here at cnbc global headquarters. here is your "five@5." we begin with stocks starting off in the red as we digest the economic impact in israel. futures are under pressure. in israel, more than 1,000 people are dead on both sides of the fighting since hamas launched surprise attack on saturday morning. that number is expected to rise. the latest in a moment. also, safe haven assets moving higher this morning. also oil is surging as uncertainty as oil producers are

on high alert. eight months later and the proxy battle is back on for disney. and the uaw is set to expand an the strikes outside of the big three. it is monday, october 9th, 2023. you are watching "worldwide exchange" here on cnbc. p goodgood morning. welcome to "worldwide exchange." i'm frank holland. we kickoff the hour with the stock futures and we are following breaking news. we are seeing future under pressure as investors across the world follow the latest from israel and what is described as the biggest conflict in the region in more than 50 years. futures are red across the board. all three indices down .50% or more. the dow would open up 170 points lower. it is very early. treasury markets are closed

today. a safe haven trade is underway as we watch gold and silver pop. platinum up over 1%. we will watch these trades throughout the morning. we are watching key global currencies. the swiss franc and the japanese yen with more investors moving toward them. they are in relation to the u.s. do dollar. the yen is in the red right now. the investors are going to the franc and yen as a safe haven. oil is moving in the green. wti is up 3% this morning. below $90 a barrel. brent crude is flat at $87 per barrel. up 3%. natural gas is moving up over 2%. that's the look at the u.s.

markets. we with we will have more in a moment. let's look internationally. markets in japan and south korea are closed overnight. we have the latest with jp ong covering singapore as well as julianna tatelbaum in london. jp, we will begin with you. >> good morning, frank. a lot of this is centered around the attacks on israel and the declaration of war on hamas. it did know favors in this part of the world. south korea and japan are offline because of holiday. they were spared. one market which was anticipated by investors in asia is the china return after the golden week holiday. they closed in the red because of the downward risk sentiment

introduced by the conflict in israel as well as the golden week holiday. tourism numbers came in below what the government was expecting. once again, hinting softness with the chinese economic rec recovery. you see the hang seng beat the selloff from earlier on and closed in the green. asx market is gaining on the back of the rise in oil prices. we want to track the japanese yen which saw the yen strengthen. we are coming a week after it flirted with 150 against the greenback and led to authorities which may intervene if the moves are too excessive. it has strengthened this morning. if there is one sector in asia that is bearing the brunt of the selloff is the airlines.

you look at the kcarriers here. qantas airways and singapore airlines. it is not doing any favors for carriers. if you are looking for one sector bearing the brunt of the selloff, it is moving in the red. back to you, frank. >> jp, thank you. u.s. airlines are under pressure. jp ong, thank you. we turn now to the action in europe. let's go to julianna tatelbaum live in london. >> frank, let's start off with israeli markets. bank of israel is firming up the shekel. the currency fell to an ei eight-year low against the

dollar. the central bank said it will provide the necessary liquidity. we have now seen stabilization come through. as for europe, similar story. heavy selling in the airlines. the basket of stocks are down 0.9%. we have seen heavy selling. air france klm and wizz air taking heavy losses this morning. on the upside, as you expect, we are seeing the oil and gas stocks catch a bid. ftse 100 is positive on the day given the heavy exposure to the oil and gas sector here in the uk. frank, back to you. >> julianna, thank you very much. we will turn our attention back to the middle east and israel with 1,000 people killed following the unprecedented attack on hamas on cities that

border the gaza strip. in washington over the weekend, a voicing of support for israel sending key assets close tr to e conflict zone. alice barr joins me from washington. >> reporter: good morning. president biden and benjamin netanyahu are reviewing the policy after the scope of the deadly attacks comes into focus. >> this is an an attack that no one saw coming. >> reporter: four americans have been killed and the senate's top democrat saying that toll will rise after lawmakers were briefed on the latest developments. americans who managed to make it out of israel describing scenes of horror. >> rockets above us all day.

>> reporter: israeli officials say 700 people have been killed and what they are describing as the nations 9/11. israeli air strikes hammering the gaza strip after hamas militant group in gaza attacked israel saturday morning raining rockets into israel. a music festival in the israeli desert is one of the first targets. 260 people killed here and others taken hostage. this man is desperate to find his kidnapped wife and two daughters. >> they are my babies and my wife. >> reporter: the defense department announcing the u.s. is sending military assets closer to israel to deter

further attacks. u.s. officials are not ruling out using the assets to help the closest allies in the fight against hamas. there are growing questions about iran's potential role in the attack. u.s. secretary of state antony blinken has not seen evidence that iran directed the violence, but they have had a long relationship with hamas. frank. >> alice barr, thank you. the unrest in israel sending the price of oil surging. there is a risk that this conflict could spiral into a broader conflict with the u.s. and the allies and oil producing cou countries. dan murphy spoke with the oil m minister in riyadh over night. >> we have seen some times and

in all times whenever we are challenged regardless of the situation, we had covid and variety of issues, and we dealt with the ups and we dealt with the downs. i believe the best thing i could say is we havehave cohesion of plus should not be challenged. we have been through the worst. i don't think we will have to go through any terrible situation at all. in fact, i hope within the next few weeks we will have a better trajectory which can give us a leaning unlike we are going through now. >> that was the saudi energy minister. joining me now is amrita sen.

good morning. >> good morning. >> we just heard from the saudi energy minister with dan murphy in riyadh. we could paraphrase it about the calm. we have seen oil spike up 3% near term. what is the impact of the conflict on the oil markets? >> you said we are not expecting any direct impact on oil markets. last week, as you mentioned, it was a heavy selloff driven by position and also the fears with the u.s. and saudi diplomacy leading to saudi arabia bringing back the voluntary cuts sooner than they announced which is the end of the year. in our conversations with the minister, saudi arabia made it very clear that those cuts are going to stay and what prince

abdulaziz did there with dan is saying we are monitoring the situation and flex the direction as required. the market doesn't need to get worried on either side. i think last week's selloff was a big part driven by tsaudi. we don't expect any oil disruption from what has happened. >> you are looking at brent crude up 2%. wti up 3%. maybe no disruption to the supply, but what does it mean for the possibility of the saudis increasing output as a deal to recognize israel? does that put that on hold or delay it in the near term? >> i think that's the key driver i would argue in terms of how the market might be thinking about this. the horrific events aside, what

had been driving prices is the fear that saudi arabia brings it back. it puts that on hold because it will focus on other issues at hand. it could derail the talks entirely. my argument would be those fears were unfounded to begin with. i guess the market has more proof that those barrels are not coming back any time soon. >> what direction do you see with prices going? are we in the $100 a barrel price range or is it going ease back again? >> i still think prices are headed higher because fundamentally the market is tight. we continue to see low inventories around the world and we see a very, very determined opec plus in getting inventories down. i would not put past the voluntary cuts continue through

q1 or q2 to make sure the inventory builds. i absolutely think prices are headed higher. we were oversold last week and some of the bounce is a correction. we will consolidate before we head higher. >> looking at wti crude a at $85.30. amrita, thank you. we have more to come on "worldwide exchange," including the one word that investors need to know as we kickoff the new rate risk. and more on the deadly attacks on israel and the report of iran's potential involvement in the lead up to the attack and what it means for the u.s. and saudi relations. and later, nelson peltz is not giving up on bob iger and

the turn around at disney. we will have more when "worldwide exchange" returns. heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot. no matter what you're up sagainst, rise from pain.

we have your back. we are united way. we are neighbors helping neighbors in communities around the when disaster strikes we get you back on your feet. we help children build brighter. we've been here for over 135 s but now our work is more . join us. join your neighbors. join united way. no matter what you're up against, we have your back. we are united way. we are neighbors helping neighbors in communities around the when disaster strikes we get you back on your feet. we help children build brighter. we've been here for over 135 s but now our work is more . join us. join your neighbors. join united way. no matter what you're up against,

we have your back. we are united way. we are neighbors helping neighbors in communities around the when disaster strikes we get you back on your feet. we help children build brighter. we've been here for over 135 s but now our work is more . join us. join your neighbors. join united way. welcome back to "worldwide exchange." i'm silvana henao and here are your headlines. eight months after nelson peltz declared the approproxy war oveh disney, the might may be back on. he is one of the largest shareholders with the stake

worth $2.5 billion and set to look for a board seat for peltz. if rejected, it could nominate the slate of directors which could be voted on during the annual meeting this spring. it is not the big three, but volvo rejected a proposed five-year contract and plan to go on strike today. the strike covers 4,000 workers across pennsylvania, florida and maryland. the rejected deal included a 19% pay hike and $3,500 ratification bonus and improved retirement benefits and additional vacation for some employees. a merger monday. bristol-myers squibb set to acquire mirati. shares closed friday at $60.20

with the company's market cap at $4.21 billion. frank. silvana, thank you very much. we turn attention back to the markets now as the military conflict is lifting oil and safe haven assets like treasuries and gold and yen. let's get more from gina sanchez. she is here with me. thank you for being here. >> thank you. >> today is the first trading day since the attack over the weekend. we have seen moves to gold. what do you expect for the near term today? >> we expect a lot of volatility. some of the safe haven plays feed into rallies that are already in place. you look at the dollar. the dollar has been rallying a couple of months now. that is pretty long in the tooth. we don't know how long that will go. gold, on the other hand, has been down since may. you saw inflation turn the corner and start the downtrend.

that rally could actually, you know, go for a bit longer depending on what happens. treasuries is interesting. treasuries were in the middle of normalizing with the yield curve. we have to see what happens there. a lot will depend on how the fed reacts and if that feeds in the fed calculus. >> these attacks were unexpected, but there are global conflicts you have to plan for as a manager. does this fall in line with the historical precedence of other conflicts or is this different from the outlier with the impact on the markets? >> what we see when you see a war declared is thefirst question is does it effect commodities and within six months, prices go back. however, that doesn't hold when interest rates are rising.

before two years ago, we had one observation which was the yom kippur war. then ukraine came and furthered that. yes, every time you have rising interest rates and oil prices high, it was a breadth. this could be the same. we could be setting up for the same. it depends on what powell does. >> this would be the third? >> yes. >> the yom kippur awar and ukraine war and this one. >> yes. >> you are mentioning rising yields on the ten-year treasury. does this conflict lead more investors to go to safe haven assets and lead to yields dl declining? >> you see money flowing into dollar. the dollar is rallying. you see moves to treasuries. the question is, what does the fed do about this?

if we see real oil supply disruption and that comes on the back of what happens with iran and if we discover that iran is behind the attacks, we could see real oil disruption and that could lead the fed to pause or cut. that could make a difference. >> we will talk about the difference of the iran involvement later in the show. gina, thank you. >> thank you. coming up on "worldwide exchange," with bonds spiking and the sell off in the stock market, anxiety is high for investors. we have caleb silver here coming up after this break. stay with us. is it possible? with comcast business... it is. is it possible to help keep our online platform safe from cyberthreats? absolutely. can we provide health care virtually anywhere?

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welcome back to "worldwide exchange." stocks off a rocky week of trading with the dow with a record week of losses. friday's jobs report is keeping the door open for the fed to remain higher for longer. editor in chief calebvi silver here with us. >> good to be here. >> you sent us a chart looking at the anxiety of the vix and proprietary look of anxiety for

investors. what is going on with the retail investor? >> anxiety is at a different level. we are curious of what people are searching for. why does the u.s. treasury yield matter? a lot of people are concerned not necessarily of the stock market, but personal finances. some of the other things which is best person loans for bad credit. you never want to see that. cash advance apps. people are trying to protect their personal finance situation. >> let's talk about stocks. you gave us a word cloud. i love these things. it shows what people are looking at and the different stocks. the big one is apple. granddaddy of them all. are people favoring individual stocks or in this time of disruption, looking for the etfs

and mutual funds? >> a lot of readers have been backing away from buying stocks right now and trying to hide out in the bank and hide out in cds. when they buy stocks, they go to apple and bierkshire and amazon. you see nasdaq out there. a lot of the stocks are being shorted by institutions. there is an imbalance going on. when he inveinvestors are buyin go to the big one ws. >> the ten-year yield is possibly hitting 5%. how does that impact the desugg decisions gooing forward? >> you are seeing a lot of people hiding in money markets. $5.6 trillion right there. money has been flowing there for the last 16 months.

a lot of cds. a lot of people are choosing to do nothing. i don't want to do anything. let's see how it plays out. >> good to have you back. we will have you back to see how people are responding to the conflict. caleb silver from investopedia. let's go to pippa stevens with the latest. >> we have northrop and general dynamics up 2% and 5% amid the conflict in the middle east. defense stocks here are rising in pre-market trading. we will bring you the latest from there. frank. >> pippa, thank you for that. pippa said the defense stocks are moving higher. we will watch other parts of the market that may be respond together conflicts over the

weekend. straight ahead on "worldwide exchange," how the conflict in israel is ramping up the response to get a easpker in washington. we will have latest when "worldwide exchange" returns. icy hot. ice works fast. ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot. hi, i'm jason. i've lost 228 pounds on golo. ♪ so you can rise from pain. changing your habits is the only way that gets you to lose the weight. and golo is the plan that's going to help you do that. just take the first step, go to golo.com. this is a clustomer. it happens when marketers group all their customers together.

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join us. join your neighbors. join united way. it is 5:30 a.m. here in the new york city area. here is what is next on "worldwide exchange," the latest ahead on the deadly conflict in israel. and investors sense the potential for the global fallout of the conflict. the israel strikes ramping up pressure to find the next speaker heof the house. it is monday, october 9th, 2023. you are watching "worldwide exchange" here on cnbc.

welcome back to "worldwide exchange." i'm prfrank holland. we pick up the half hour with the stock futures as we monitor the latest in israel. you see the dow off the lows of early this morning, but it would open up 120 points lower. nasdaq and s&p in the red right now. treasury markets are closed today. gold and silver are getting a boost. gold up 1%. silver up .50%. platinum off the highs from early this morning. up 1.25%. the energy market is popping. oil is moving higher as the conflict could increase tension across the middle east and into oil producing countries. look at wti crude. it is up 2.75%.

trading at $85.08 a barrel. brent crude is 2.5% higher. natural gas is up 1.5%. it is not just oil moving higher, but defense stocks moving higher. rtx up 4%. lockheed up 5%. similarfor northrop. this is a story we will continue to watch as the conflict could spread beyond the middle east this morning. we will stick with the top story and breaking news as the fighting in israel enters the third day. the latest report is more than 1,000 people have been killed following surprise strikes from hamas on saturday morning. the attacks points as far north as tel aviv. we have nbc's kelly cobiella live in tel aviv with the very latest there on the ground. we also have emily wilkins in washington, d.c. and what it means for the race for the

speaker of the house. kelly, we will start it off with you. >> reporter: frank, good morning. an active situation here. air raid sirens sounding in tel aviv a half hour ago. seconds ago, you could hear a faint boom which was israeli air defensive intercepting rockets and iaef saying there is still active fighting in one place near the gaza border today as they try to secure israeli territory in the south. they say they fired on hundreds of hamas targets in gaza overnight. in gaza, officials there say they thhave nearly 500 dead andt 2,700 wounded there. power was cut by israel over the weekend in gaza. there is nowhere for the 2

million civilians in the tightly packed area to go. the borders are closed and there are no bomb shelter there is. -- shelters there. some people have been told to shelter in place. others have been evacuated. the numbers of dead and missing still fluctuating. israeli media reporting 700 people have been killed. among them some 70 soldiers. we know 260 people at a music festival in the desert were killed. their bodies were recovered over the weekend. there are reports of so many missing. i spoke to families last night of people who were at the music festival. they told the horrifying stories of the last messages from loved ones. one woman said her 23-year-old daughter was terrified and they

didn't know where to go. all this before the phone lines dropped out. we don't know how many people are missing. some militants have claimed 130 people are being held hostage in gaza. frank. >> kelly, this conflict in the third day. we mentioned the number mof people killed is over 1,000. what do we expect as a response today and going forward? >> reporter: the prime minister has said that everything is on the table. there have been reports of big military movements in the south. large numbers of tanks as you hear that helicopter right now. first step for israel is securing their territory. there have been reports on israeli media is hezbollah has found tunnels where militants are funneling back into israeli territory from gaza.

really, the priority has to be in securing the territory first. also, in trying to figure out what to do with the people who are inside gaza. how do they rescue hostages? do they perform a rescue? do they try to negotiate? a lot of unknowns still as we sit here this monday morning with so many people here in israel in shock at what has transpired in the last 48 hours. >> kelly, thank you. kelly cobiella live in tel aviv. thank you. we will turn attention now washington and the search for the speaker of the house. the violence in israel is ramping up pressure on republicans to pick a new leader to address the crisis. emily wilkins joins us with more. good morning. >> reporter: good morning, frank. the house is in unchartered territory without a speaker and

now they are grappling with how to respond to the war in israel. under house rules, patrick mchenry cannot do much unless it relates to nominating a speaker. house republicans will meet tonight and meet again on tuesday for a candidate for um. they will meet with steve scalise and jim jordan. it will be behind closed doors for a vote as they get the consensus on the candidate first and then we will see the vote for the speaker on the house floor. lawmakers have warned this could take weeks. congress member matt gaetz who spoke to "meet the press" over the weekend downplayed that congress cannot act quickly. >> i'm concerned about what hezbollah might do and lebanon

will do to create more instability. there is no ask from israel that we are unable to meet because it well will take a few days to nominate a speaker. >> reporter: it doesn't mean lawmakers are sitting on their heels. we have two on the house foreign affairs committee who are both working on a resolution rean f -- reaffirming commitment to israel. chairman mccaul says this would be the first item considered on the floor once they elect a new speaker. of course, frank, the next speaker will need to immediately pivot to funding the government before the november 17th deadline. >> emily, thank you very much. emily wilkins live in washington, d.c. there are a lot of moving parts here.

let's bring in ambassador lincoln bloomfield. amba ambassador, it is great to have you here. >> my pleasure. thank you, frank. >> how would you characterize this weekend's attack and the fallout in the near term? >> you are seeing a lot of tactical reporting from the ground. the psychological issues will be h felt. people in washington and new york in 2001 will rather the shock. we will see the same reaction politically and throughout the country. what i'm trying to say is, of course, they want to secure the border. the focus will turn to hostages. in the meantime, everyone involved has to pay a price. what that means to me is it goes

beyond gaza and goes beyond hamas. this has more than fingerprints. it is clear this has been planned for months. it was a so phisticated operatin with drones and vehicles and hang hang gliders and workers pretending to seek jobs across the border. there will be a bigger reaction and it will last quite a while. >> ambassador, this goes beyond gaza and hamas. who else do you believe it is involved in this? spell it out for the audience when you say it goes beyond the region. we are looking at pictures and talking about the damage and the lives lost. >> a week ago in tehran, the iranians held the annual islamic unity conference. the supreme leader called the

usurpers is a cancer that will definitely be eradicated. there were two meetings within the last week where the foreign minister attended with hezbollah and hamas. you see planning took place for this. the hostages will become the bigger focus, i believe. i iranians have had four hostage issues in last year. >> are you saying iran was involved in the planning and execution of the attack? >> i believe so. you won't hear reporters to say that. they are waiting for the white house to confirm. they are waiting for secretary blinken to confirm. i will be shocked if we don't find iran's elite external branch of the guard corps was

shipping arms probably through sudan which means this was planned for months. it is sophisticated. iran has been seizing hostages in recent months and years. they needed to get a spy out of belgium. >> ambassador, before we get beyond this conflict, let's focus on this for today. your belief is iran is directly involved. how does that impact saudi and israeli negotiations and to lower the tepgs tensions with t nations? >> we are talking sunni muslims and shi'ite muslims involved. >> true. it is cynical to use sunni muslims in the palestinian areas as pawns in their desire to

avoid being thrown out of power. they are under pressure because of the demonstrations at home, as you know. what they are trying to do is a we are still a vibrant revolutionary regime seagainst israel. they are paying suicide bombers in the palestinian areas. they want to breakup the sa saudi-israeli accord. they could have a defense against the nuclear program. they could isolate iran in the region. this was a strategic move, in my view, to make that impossible. as you have seen with the reporting, that is happening. >> we have to leave the conversation there. we appreciate your time. we will have to have you come back. ambassador bloomfield, thank you. coming up on "worldwide exchange," managing your money

in the world of rising rates. we kickoff the series "laying out the sectors impacted by 5% yields." more "worldwide exchange" coming back in just a moment. 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 ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines.

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welcome back to "worldwide exchange." surging yeeields are top of min for investors. that leads us to the big

consumer stat which is $40 billion. that is how much more consumers are expected to pay on the credit card balances than they were a year ago. that is according to wallethub. the annual interest rate hit a record high of 22.8% up from 16.3% a year ago. let's dive into this with the head of u.s. rate strategy from td ameritrade. >> good morning. >> rates are moving higher. you believe rates are range bound. you are saying they are in an air pocket. what does it mean from the direction of rates going forward? we will talk about the disruption of israel in a minute. from your analynalysis, what do the air pocket mean? >> we are back to pre-crisis levels. we had a lot of data coming in

which was better than expected. we have the fed looking to keep policy relatively tight. they are saying this is doing our job for us and we just have to let it keep going. i think this will put pressure on the economy and on a lot of sectors overall. >> what is causing this air pocket right? why have we seen interest rates on bonds move higher for longer? what is the catalyst? >> there is a lot. it is not just the one. supply has been cited a lot. we think this is expectation for better growth and for the fed to remain higher for longer for a certain period of time. we have done the decomposition on the ten-year rates. it hasn't been driven higher with the u.s. growth expectation. you saw the payroll number on friday come in a lot better than

expected. we will see if that lasts in the next few months. the general sentiment from investors is we find rates attractive at these levels. everyone is afraid in the next three-to-six months because they he ar are watching the rates move higher. >> i have to ask after the attacks in israel, there are authorities that investors will go to safe ravhaven assets like bonds with gold and silver. what does that mean for yields going forward? >> it just complicates things in the short term. the question for the fed is what does the economy do and inflation do? this complicates it from the sense everyone is rushing to safety. that could help us stabilize in that range. the big question is what happens to the economy and then everyone will point to inflation. if oil continuesto move higher and certainly if this spirals into a wider crisis in the

region, that could leave a lot of investors nervous and that could pass through to u.s. inflation through the oil channel. that is ubiquitous and could push oil prices higher. >> a lot to watch for. great to have you here. thank you for your time and insight. >> thanks. coming up on "worldwide exchange," the one word that every investor needs to know today and futures are pointing to pressure on the back of violence in israel. we will have more coming up on "worldwide exchange." stay with us. and smooths dry skin. with 7 moisturizers & 3 vitamins. and... new gold bond healing sensitive. clinically shown to heal & moisturize dry, sensitive skin. gold bond.

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we're joined by lindsey bell. li lindsey, futures are under pressure after what happened in israel. what do you expect for the day ahead? >> that will weigh on the markets today. despite the cassidys that come from the event like that. the market traded down initially and traded up in the weeks following. we expect that same reaction here and it will weigh on the markets today. >> so much uncertainty and tension globally, what is your wex word of the day? >> word with of the day is resi. we saw that with the jobs report. the earnings season will show today, too. >> i want to talk about the movers this morning. a number of defense stocks moving higher.

would you be a buyer of the defense stocks this morning or is this a kneejerk reaction? >> that is a normal reaction in this type of environment. i think there could be opportunities there. it puts that sector back in focus and puts government spending back in focus. there could be a potential opportunity. >> would you be a buyer on this dip? >> i think this is probably a knee-jerk reaction. the airlines are a trading oriented sector. there are different things that impact it with oil prices and things like that. the airline sector is one i like to stay away from in general. >> understood.

we have been talking about the bond yields. when you talk about the ten-year yield moving as high as 5%, what is your view? are you thinking they will peak in the near term? there is a consensus of a move to safety and that could move bond yields. >> you know, i think it is more than a move to safety. it is a reflection of the jobs report on friday. your last guest summed it up well. you are seeing economic data coming in better than expected. it is going to be a higher rates for longer type of environment as we exit this year. as investors are adjusting for that landing. >> as more investors move to bonds, that moves the yields lower? >> if they do, i think it will be a short-term trade. >> you know, today is all about looking ahead to plays you would make today.

thank you for saying defense stocks. airlines an area to look at. li lindsey, thank you. we have "squawk box" coming up next. thank you for watching "worldwide exchange." (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme.

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good morning. israel is reeling from the deadliest attack suffered in half a century. overnight, israel's retaliation against hamas escalated. we take you live to tel aviv. stocks futures are falling with crude prices rising. after the selloff last week, they are still not out of control. below $90. safe haven assets are moving right now. and a new report says nelson peltz is renewing his battle

with disney. building a stake in buimultiple board seats. it's monday, october 9th, 2023 and "squawk box" starts right now. good morning. welcome to "squawk box" here on cnbc. we're live from the nasdaq market site in times square. i'm becky quick with joe kernen and andrew ross sorkin. joe said we are watching equity futures. dow futures down 142 points. yesterday, they opened the session last night down 180. s&p futures are down 25. nasdaq indicated down by 107. the bond market in the united states is closed today. let's look at where treasuries stand. this was after the big run-up in