welcome to "squawk on the street." i'm carl quintanilla with sara eisen. ahead, tomorrow begins retail's busiest five-day stretch of the year, what names will consumers be flocking to and which stocks could benefit the most? we'll discuss. plus, the ceo of autodesk is with us. strong earnings for the company but the stock is lower. back to the future, sam altman returns to openai after a wild few days. what does that mean for microsoft? and are there implications for the ai industry overall? take a look at the markets, the stocks are hanging in there positive on the day and on the week. even after we saw a possible on the back of the numbers,

inflation expectations rose even further in the month, something the fed and the market doesn't want to see. jobless claims came in lighter, all of that adding up to a rally for the overall market. topping the tape, rbc joining bank of america's call for the s&p 500 to hit 5,000 by year end 2024. the firm saying valuation and sentiment work is sending constructive signals. let's bring in commentator mike santoli. are we getting a consensus? i would say not yet. it's 10% up from here. usually you'll find a clustering of projections probably in the high to single digits. that's sort of what you pencil in, i guess, generically. still a couple of firms, morgan stanley and goldman sachs. so people are starting to warm to the idea that we have seen an

inflection point that's going higher, you have to argue the valuation on top of that, so i also would like to point out, it's 10% up from here, if we were to close at 5,000, in terms of ground covered and lost years -- >> in other words, it's not that bold of a call. >> -- it's not ter plaribly aggressive, but it would feel as if you had an upside run, some relief. you were getting escape velocity as opposed to treading over the same ground. >> we continue to watch the trend line on the ten year, a lot of discussion of testing for again. does that seem reasonable? >> it seems -- obviously things have to break correctly. you have something like the university of michigan number and a slight tick lower in weekly jobless claims today and the yield wants to twitch higher. it's not broken down. i'm sympathetic with the folks

who say you go back long enough, it's still an up trend. you're going to have fed funds rate above five for at least several more months. how much more down side do you see? i can see it getting friendly. 425 was the august high. i think you can sort of say, be nice probably, for stocks but, you know, you don't want it to happen for the wrong reason. >> that's why i said stocks are hanging in there despite the tick-up in yields and data points. >> there's no doubt. i still think, though, if you're range bounding yields, that's fine. in october of 2022, stocks bottomed, they didn't trace back to 2.5. that was where they started the run. i think that's probably where we're at. to me it's all about if you

continue to say soft landing for now, maybe worse later, we can stay on that treadmill for a while in this range. >> thanks, mike. we'll talk in a bit. our next guest sees reasons to be optimistic into 2024 expecting a soft landing. no more rate hikes on the horizon. joinings how he is positioning, wilmington trust tony roth is with us. happy thanksgiving. it's great to see you. >> you, too. thanks for having me. >> per the conversation we were having with mike, you do sense inflation is coming down maybe even faster than some of the fed projections? >> when we look at the twoents of inflation the core of inflation we see areas other than labor costs also rolling over and we have to put inflation into contest of labor costs where we've come from.

in the prepandemic period labor grew 3 to 3.5% a year. we're right around 4 to 4.5% a year. we only need to get 100 basis points off, whatever your preferred measure is to be in a place consistent with the fed's target. when we look at what the fed rhetoric is doing, they're being very successful in controlling inflation expectations, which is to say it's a little over 2% and that is all based around not expecting to see it reach target until 2026. still hawkish on minutes, et cetera. but we can ignore all that, really, as long as they're controlling inflation expectations. once it's time to cut, they'll cut, and they're not going to indicate they're ready to cut until very shortly in advance. >> right. all that said, you do believe, given the quarter we just had on

earnings, that we're well past peak margin, the guidance going forward, not all that hot, and that's resulting in an underweight in equity? >> well, when we look at the equity market, it's almost like four different markets in today's world. overall we do have an underweight on equity but we have market weight on large cap and we have a market weight on emerging markets. where we're underweight is the small cap, and so you think about small cap, for example, what's happened this year is we're essentially flat on small cap versus 18% up or so on large cap. they're almost different markets. the interim equity correlation in the four different areas has been very low, and that's benefited investors from a diversification standpoint. we're underweight equities but underweight small caps. i think we're considering adding to equities but adding to those areas we've been essentially market weight which is large cap and that's the largest component

of the equity pie, of course. add to ging to that some time s but not to small cap. the underlying reasons that relate to, for example, being economically sensitive, not being able to access credit, the fact that all the banks that are hurting, the smaller banks are all in small cap. all of those factors are going to continue to essentially inflict pain in that area of the equity spectrum until we get to an environment we can see through to the other side after the soft landing, what comes next? do we go into a hard recession or power through to another period of growth? >> how do we know whether soft landing turns harder? we're starting to watch these rising delinquencies and bankruptcies and other problems

normalize, but you do wonder when it becomes more worrisome. >> i would focus on is there a catalyst to really create the kind of recession associated with significant contract sunshine in gdp, significant job losses. when you see that kind of recession, there's a catalyst, it could be in the financial economy, in the real economy, whether it's the housing market, bank lending, whether it's a bubble in the economy, we're not seeing a catalyst that would weigh on the overall economy. could we see a recession in growth the first two quarters? that's certainly possible but not with the job losses we expect. we don't see that catalyst right now. the other thing is productivity. as companies move forward and

essentially cope with a much tighter earnings environment, a much tighter profit margin environment, if they can grow in the way we think they will be able to do as they incorporate ai, they will spend on capex without having a recession. >> tony, i'm interesting in your thoughts about oil. it's been an eventful morning on the meeting, had big declines on brent and west texas. you think we're testing the tolerance? >> i think that's why we're seeing the weekend scheduled for the meeting put off until next week. the saudis are trying to rein in the other members of opec. they are intent on maintaining the price of oil, frankly, higher than today, they've slipped below $80 to $85.

it will be a challenge to maintain it. oil is difficult to predict and in moments like this the will of the cartel unravels. it could potentially be worse in terms of energy prices. if you believe in the ability of the saudis to keep a floor on where we are today it's an attractive entry point for energy stocks. you have to have an underlying view they will keep production down and be able to keep that floor on oil. it's not a high conviction view. it's very hard to predict. >> that is difficult, aiming for five weeks down. haven't doing that in a while. have a great holiday, tontony r. >> you, too.

enjoy the turkey. mortgage rates slide sharply. our diana olick joins us with more. we see it immediately. mortgage demand is crawling out of the basement. total application volume increased 3% from the previous week according to the mortgage bankers association. the highest in six weeks. this is the average on the 30-year fixed, dropped to 7.41%. we're at the lowest level on that since the end of september. applications to refinance a home loan increased. they were 4% lower than the same week a year ago. the vast majority of homeowners with mortgages have rates much lower than they could get now. applications for a mortgage to buy a home increased 4% week to week, still 20% lower than one year ago. the average loan size was $403,600. that's the lowest since january of this year and the mba says

that points to a gradually increasing first-time home buyer share. and we did get the october read on existing home sales yesterday that showed first-time home buyers are weak and sales at a 13-year low. while we are seeing mortgage demand rise slightly, carl, it is off extremely low levels. >> in your view, what is the magic number on the 30-year fixed that had would unleash fresh supply from those who think, well, i might not get the current mortgage rate on my old place, but i won't do that much worse? >> i think when you get into 6, you're getting there. the home builders who are buying down mortgage rates, are buying down to 5.5%. if you ask the builder analyst they say 5% is the handle you want to see. 6% perhaps in the existing home market. >> i wonder on the pricing that it's elevated and high no matter what happens with mortgages and demand and sales has to be the

factor for the fed. >> but the problem is you have this supply/demand issue the fed can't do anything about. maybe on the home builders side the builders would argue if rates were lower their rates would be lower to do constriction. you have so much strong demand and so little supply that existing prices have nowhere to go but up. >> that's the problem. still ahead, the holiday shopping season is upon us. plus, look at shares of auto desk sliding this morning. the company beating results, but fourth quarter guidance disappointing. the ceo will join us later this hour to break down the quarter. we're back in just a moment on "squawk on the street." took a little leg up, 150 on the dow.

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after opec delays a pivotal meeting scheduled for this weekend. reports say there's disagreement over some members' oil production figures and quotas. this will be the fifth straight weekly loss. we haven't done that since 2021. bottomed out today at 73.79. all good news for consumers, though, with a gallon of gas at the lowest thanksgiving price since 2020, prices for gasoline down nine straight weeks. >> relief for consumers. and speaking of, let's turn to retail. yesterday's earnings a mixed bag. plenty of reaction to the down side. urban outfitters and nordstrom the latest to report. they're both lower. but there were some bright spots with burlington holding on to strong gains. abercrombie & fitch raised guidance. our next guest thinks that could be a sign of things to come, noting that even nontrade down companies like on running or crocs or american eagle posted growth. joining us with his outlook for the season and q4 is bmo capital

markets simeon siegel. how do you spot winners in this environment? >> good to see you, sara. isn't it fascinating? we have the stocks showing this huge divergence but have revenues and that's what we should care about right now. there's this huge rhetoric that is saying trade down winds. it's all about the nuance. michael kors is down and coach is up. and that's one ex syample of ma. we'll probably see a lot of promotions and big stories, but certain companies that will figure out a way to predict demand and others that do not. >> so what are your top three? >> when i look at them right now i think i'll benefit from the trade down with tjx and i think they're increasingly more important to brands. another one that was not a good

performer over this recent two weeks, which was fairly exuberant was bath and body works. they actually saw their first income operating growth in a long time. we'll buy some candles, what's a holiday without some new year's resolutions and planet fitness? i want to find those businesses showing me good ability to drive the bottom line and may have some missed price in there as well. >> the problem, simeon, everyone is warning about the holiday, seeing increased promotional activity. it doesn't bode well, does it? >> you and i talk about this a lot. i think the problem it's such an accessible because peloton is the easiest one to think about where we saw the vans and

thought it was a mega cap. revenues matter. i think you're absolutely right. there is no question the macro is scary for so many reasons. it's the reason that this sector collapsed in october, but in the last two weeks exploded up. my average company is up 12% simply because they reported earnings. earnings were not spectacular by any stretch of the imagination. they just allowed people to remember that there's a business behind the macro here. i think when we think about the macro, it's very scary. the overhang is scary. the world is in a tough spot in general. i think we will see those stories in a negative light, but, if the companies are growing revenues, and/or, they're growing operating profit, they're getting through this. it doesn't mean there aren't going to be companies getting through it. >> that's a fair point. we personalize a lot of industries, research, airlines are a great example, even restaurants and media.

especially for those who cover them. we're talking a lot about holidays, simeon, i wonder how you think the tone is going to feel after the new year, once we're into q1 and what the consumer backdrop looks like then? >> i'm gearing up for some turkey and for better or worse being in the mall. let's see which of the businesses will do well and where we'll get some of this dust settling, which part of the consumer challenge is real, which is an overhang but now do i believe there's xounting effects? tjx will be a compounder. brands need a place to sell their product and tj is there with open arms. almost no e-commerce which is a great place to be if you don't want to worry about friends and family sales.

within this group there are opportunities to trade because we have the sentiment swings. >> you mentioned peloton, it is no longer a mega cap. it's under $6 a share, now less than a $2 billion company, one of your best calls ever. you got negative on it before everyone else on the street, it was a $158 stock. is there value there at these levels? >> you and i have had so many interesting conversations. we upgraded the stock from sell a little bit ago, there is a real business, a real brand. even while we were negative, we were negative in terms of this was not one of the mega caps. it was -- not niche. that's not fair. it's better than that, but it's a category, it's a product people do love, the question is how many of them? the way that my team has viewed

it is there's 3 million subscribers f. that dropped to 2, if there was no ability to raise pricing, i think that's a $5 stock. it's hard to go negative when we're trading at that level. they need to start showing the world that they can internalize where they are and grab value from where they are. i think you and i have said i wish they would bear hug their brand loyalists and don't lose people and then you can start talking about the value. i think it's early for us to be more positive than that. >> i always like to get your read on peloton. thank you, simeon. enjoy that turkey. simeon siegel from bmo. openai's sam altman will return as ceo days after the board ousted him. what does that mean from microsoft? espn bringing in the biggest

audience of the year monday 2 ht, it was the most watched in7 years. more details when we come right back.

european markets kind of mixed here heading into the close. the french index accounting for most of the gains overseas, but all attention is on the uk this morning. finance minister jeremy hunt announcing a cut in the national insurance tax to 10%. it affects pensions and other retirement programs. he also announced changes to

benefits programs, a freeze on alcohol duty, ai, and manufacturing investment as well as a minimum wage hike. despite these wins for workers, the country's independent office for budget responsibility lower its gdp growth forecast, raising its inflation projections, not expecting the uk to return to 2% until the first half of 2025. i think the subtext is there's a general election in 14 months so potentially trying to make it easier ahead for the economy. as always the uk and other countries battling inflation have to walk a fine line when it comes to stimulus measures. that was learned the hard way, former british leaders. >> the thinking is if the u.s. follows, maybe that does add to some downward pressure on u.s. yields. they called it the biggest tax cut in the history of the british empire. >> they're selling it. they're trying to stimulate and

the thing is the economy forecasts are weaker and it's not balanced. so far the bond market agrees. a news update with contessa brewer. hi there, carl. tension is climbing between north and south korea. south korea is suspending an inter-korean agreement and restarting surveillance of north korea. seoul announced a deal launching aerial surveillance of the frontline. hours before the north said it had a successful launch that put its first spy satellite into orbit. there's no independent confirmation of that. a federal rule will require states to make plans to cut carbon emissions from vehicles. the states' plans will then help steer infrastructure funding toward projects that improve the environment. some states are expected to

challenge the ruling in court pushing back against directives that tell them how to spend the money. and tesla $1 a minute fee is intended to prevent people from fully charging at the busiest stations. the fees will kick in if the stations are busy and if a car's battery is over 90%. this seems super specific. who is going to go and line up to charge your battery when it's already at 90%? it's like putting a quarter tank in your car when there's a long line. i don't get it. >> agree. some people, the people who like to come to the airport three hours early like to have 100% charge and 100% fuel tank. >> exactly. their fear of missing out. >> or they're smart, you know, they don't like to take risk. thank you. contessa brewer.

the holiday shopping season is here. not just the big retailers defend on this season. the ceo of chase business banking and why he's optimistic about spending right now.

the s&p is holding 4550. all sectors green except for energy. sara, with the vix below 13, that's getting some notice as well as yields perked up but closer to lower levels this morning. >> the only sector under pressure is energy.

we discussed the outlook this black friday. what about your mom and pop shops? despite all the pressures facing consumers spending at the local level should still be strong. ben, good to see you, good to have you here, quhar you seeing as far as holiday expectations? >> i would say tempered optimism. they say they're thriving, doing well. pessimists are an optimistic group how they feel about their own business and the economy, two-thirds say they're doing great. and that gap is as wide as we've ever seen it. >> why is that? >> the economy is slowing down. that's what the fed intended to do. it was overheating, so they want things to slow down. they do still expect growth. half of business owners expect

higher sales than they had last year. another 40% think they'll be flat. those are lower numbers than we saw last year. >> for small business, access to credit is always very key and has been tighter since the fed has been raising rates. what does that look like now? >> it will continue to be on the tighter side partly because of price. interest rates are up and they are interest rate sensitive. margins are under pressure. their ability to pay is constrained to some degree. we've seen pressures in banks that do two-thirds of the lending to small businesses overall in aggregate particularly concentrated in certain sectors. >> you look at nfib, the percentage, a good time to expand. what do you think it takes to get that number higher? is it getting rates down to a certain level? >> still a third of them say inflation is my number one problem and they're running up

against the ability to put prices through. getting inflation and getting their cost structure under control will be the number one thing they can do to lean in and grow. >> it will be hard to envision a rollback in wages, right? >> it will be hard to see a rollback. that said, we've seen a hiring drop way down on the list of concerns. hiring has dropped down to 15%. that tells me the labor markets are softening and are able to increasingly find the people they need. >> are they in the hiring mode? >> 40% expect to higher. people are feeling like, hey, i'm not going to invest too much more for the time being but will let this ride. only 40% of them are building inventory. the ones who are expect to sell more. >> are you surprised we haven't seen more carnage in small

business as a result of 525 basis points of tightening in a historically short period? >> their cash buffers were so strong. in the form of ppe and other perhaps we saw businesses enter with more cash on hand than they ever had. they have been spending it down but had a cushion. >> you're not seeing recessionary type of worries? >> nothing acute. it's a balancing act for the fed. slow it down, not too much. things are getting tighter. we'll have to see if the fed eases off or not. >> is the south and southeast still the hottest part of the economy? >> it is but it's broad based. we expected to see the south stro stronger with the migration boom. >> how about business creation versus, say, business --

bankruptcy delinquency? it seems we get fresh fingers on that every day. >> they're still 50% above where they were prepandemic. we see a spike when the economy weakens. >> people start out on their own. since covid we've seen elevated levels. >> great for you in terms of client count. >> our business has climbed. >> what's the number one worry? >> hands down, still inflation. small businesses don't have the buying power and they want to see it come under control. >> and still 22% worried about supply chain disruption. i thought those got fixed. >> it's still in pockets. >> they're just going to the things they know they can get

because consumers expect what they want when they want it. >> interesting, ben. thank you for coming by. >> happy thanksgiving. >> ben walter from chase business banking. in this quick turn of events, sam altman will be returning as ceo of openai less than a week after he was ousted by the board. after all the drama, who comes out on top? rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪)

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sam altman back as ceo of openai bringing an end to this dramatic standoff and employee revolt days after the board of the startup fired him. our deirdre bosa on who has come out on top after all of this, dee. maybe just the end of the beginning, carl. it does look like microsoft comes out on top. openai can research as its lab and take on the risk for microsoft. there are still so many unanswered questions.

it may feel like we're back to square one. no mass exodus. microsoft continues to bankroll and benefit from its ambitions but the power has shifted and that will be critical for the future of this organization. five days ago the board was made up of researchers and insiders. now you have adam deangelo joined by two of the most prominent leaders in business and economy, brett taylor, former co-ceo of salesforce and former treasury secretary larry summers. according to reports their as it sk to vet and appoint an expanded board up to nine people that will reset governance at openai. an investor wanted to remain anonymous and said they still don't know what led to the

ouster. the investor told me they're pleased with the outcome. you can't hide under the guise of a nonprofit and blow things up. they haven't decided if they would participate in the latest round that would value the organization at more than $80 billion. they want to, quote, get the facts and make sure we understand, probably what a lot of investors are in the same boat. who will join the board and still how it balances that altruistic charter and potential negative impacts of generative ai with increasingly profitable products. we still don't have a resolution how that plays out. we have people who are capable of figuring that out, maybe a better balance between those who have an important task. the bottom line this is structured as a nonprofit. >> which is odd in itself.

my favorite line of the day from "the wall street journal," deirdre, one of the writers says, turns out at a company dedicated to bringing ai to daily life without catastrophe, the humans were the problem. which is what led to this whole mess. and it does raise questions about whether it influences the ai arms race and where chatgpt sits and whether this disrupts the progress they've made. >> the most important if he could come out of all of this. there could have been more disruption if you saw them leave the company. even if microsoft was going to set up a new unit. it takes time to set up leadership. it's funny you bring up that quote because this whole thing is still rests on the people this is essentially the ai arms

race is a race for data scientists because they're developing it. you saw that with marc benioff and others saying, come on and work for us. does it change the dynamics? anthropic is structured as a nonprofit as well, and its board composition has not changed. it is still made up of data scientists and researchers. who knows if that creates change or if more change is on the way if the nonprofit is the structure. amazon and google have not lost any ground here. because of all this disruption you have to look at companies with ai tools if you're looking at these generative ai applications. >> good summary. deirdre bosa. the ceo of autodesk joins us ere . whare they seeing weakness?

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rates. we saw performance consistent with previous quarters and a strong business at the low end. we upped our guide. we did not actually guide next year. we gave the investment community some guardrails on what we see as we head into next year. set a floor on revenue growth and helped them under where the free cash flow directly was headed. we're seeing resilient performance and expect to see that performance. we're distributed across multiple industries and geographies and we see the puts and takes across this very diverse business offset each other. we're fairly confident heading into next year. >> how do you frame the generative ai strategy? >> ai for us is something we've

been looking at for a lot of years, something every company has been looking at for a lot of years. we are focused on complicated 3d models of everything in the world, where we're focusing our energy, doing some of our own work, leveraging existing tool kits that are out there but doing some very unique ip that solves vertical problems and broad problems within the world of creating complex, sophisticated models for everything made in the world. >> just in terms of what you see going forward, what is the macro takeaway from what you're telling us? people look, for instance, at the architecture billing index and whether that's an indication. do you agree? is that a tell?

>> it tells you what's going to happen. architecture buildings have declined. remember, architecture does not drive the entire market we serve. there is a lot of things that go up and go down in the cycle. if you look at the broader aec industry, you're certainly going to see softness in retail, warehouse, maybe even in housing. there are other offsetting factors that are drive growth, big factory boom in the united states, data centers, infrastructure. there's always puts and takes in terms of what's driving things. it is not a predictor of future business. it just tells you what's already happened. >> got it. >> do you think the street is hungry for big new product announcements? all across the ai space we're all about product, product, product.

>> we made it clear what the new capabilities are, delivering in the next few months, made it clear what we've already delivered in the past. we've been out there fairly aggressively spending energy and where we're focused as a company. the biggest thing ceos can do is future proof their companies. it means modernizing your company, staying focused on ai and all the implications of it, and also delivering the product your customers need as quickly as you possibly can. >> how much of a factor was the writers' strike? talk to me about how that worked, how big it was and whether it's resolved. >> the writers strike and actors strike created a headwind, no doubt. we are in the post production stage, but if the preproduction activities dry up, the post production pipeline starts to dry up as well.

you head into next year and the second half of next year, that becomes a tail wind as it starts building up. the head winds were offset by strong growth we grew 20% there. there's always puts and takes. >> food to have you. we'll see you next time. >> have a great thanksgiving, everyone. >> you, too. let's get to today's buzz. espn drawing in the nfl's biggest audience of the year for monday night's chiefs versus eagles game. our julia boorstin with the details. as i said earlier, julia, it wasn't even with taylor swift. >> reporter: that's right, sara. "monday night football" hit a 27-year ratings high. the super bowl rematch between the kansas city chiefs and the philadelphia eagles brought in the biggest audience for any tv

broadcast since the super bowl earlier this year with more than 29 million viewers across all platforms. it aired on abc, espn, espn plus and nfl plus along with espn2's manning cast. for the season so far, "monday night football" is averaging a 26% ratings jump bolstered by abc for the full season and less competition from scripted content thanks to those hollywood strikes. along with the surge of "thursday night football" on amazon, total viewership for the nfl is up 7% from last year. so now we're watching for viewer numbers for the first-ever black friday game streaming with shopable ads and amazon is making it available to everyone, even those who do not subscribe to prime video. anyone will be able to watch. you're right, sara, even though the record-breaking game did

feature the chiefs, taylor swift wasn't even there. back to you. >> it could have been even bigger is what the takeaway is there. >> when it comes to disney, it's been a wild couple of weeks. a new cfo is coming in and then this mention earlier this week about the additional cost as a result of the directors' agreement and the actors' agreement and what that will do to licensing and capex. >> reporter: disney talked about this on its earnings call, all of the studios have said they're going to see greater costs per production when it comes to the writers' costs and actors' costs. i would say based on conversations with people in the industry they expected this. they knew they were going to have to pay more, every three years would have to pay slightly more. it was whether the costs were tied to success in streaming which is how it turned down.

disney expects to spend about $25 billion their next fiscal year on content costs and that was announced in their earnings call. there was confusion whether there was news after the fact. this is a time when everyone is trying to figure out how to make the best use and get the most bang for the buck, if you will. >> i want to nope the ratings from last night's "dancing with the stars." it was an owde to taylor swift. it was all swift songs and they danced to that. they did the tango. thank you, julia. >> it's true. >> it looked really good. i highly recommend. >> live sports. >> "golden bachelor." i want to leave you with one

note which is q4 gdp, 2.1% is the new estimate. it went up from 2% on some of the incoming data. everyone was saying we're not going to get the 4.9% but it's moving up. >> we're thankful for great co-anchors and great crews. let's get to "the half." and welcome to "the halftime report." i am frank holland in for the judge, scott wapner. front and center this hour, the state of the market as yeields bounce off a two-month low and nvidia sells off despite a monster beat. joining us for the hour shannon saccocia joining us remotely, joe terranova, jim lebenthal and rob sechan right here at post 9. first a check on the markets at noon eastern time. solidly in the green across the board. the hitting the highs of the session. the thing we're real