it is 5:00 a.m. here at cnbc global headquarters. welcome to "worldwide exchange." here is your "five@5." hear what jamie dimon tells cnbc about the fed and soft landing. chinese stocks have their before the day in years after a new wave of support for that struggling economy. proposal rejected. calling the final offer

insufficient and disrespectful. and the department of justice lining up anti-trust suit for one player. former president trump wants to bring out the playbook as a way to keep jobs in the u.s. it is tuesday, september 24th, 2024. you are watching "worldwide exchange" here on cnbc. good morning. thanks for being here with us. i'm frank holland. let's get you ready for the trading day ahead. the stock futures with the dow and s&p with fresh record highs. you can see futures are in the dpre greens across the board. i promise you we will show you in a second. s&p up 14 points. the dow up 80 points. the nasdaq, the best performer, up over .13%. we are seeing the small caps

moving higher after coming off back-to-back sessions. small cap futures are up almost .50% as well. today is another busy day of fed speakers. we check the bond market. the ten-year yield is 3.78. the two-year is moving sideways. now back to where it was before the cut. here's the action. the 30-year long bond. the read on inflation expect ta takes. it has moved 20% higher. we have pce coming up on friday. we have energy bouncing back after back-to-back losing sessions. wti up 2.25%. chinese stimulus is the reason for the upside move. more on that in a moment. that's the money set up now. let's see how europe is shaping up with silvia amaro in the

london newsroom with the early action. good morning. >> good morning, frank. well, it is a positive morning so far in the equity session here in europe. you have all of the major bourses trading in the green and there are two market events we are monitoring today. that is, naturally, the news from china with the further economic stimulus which is having an um pact kt impact in . before i get there, there is the expectation that the ecb is going to cut rates again at the october meeting after weak economic data on monday. let's tell you a little bit more about what we are seeing in europe. you have basic resources, the best performing sector, up by more than 4%. this is related to the news in china in terms of further economic stimulus. guess what? that is also having an implication of household goods up 2% at this stage.

one analyst said this morning from rbc that we are getting closer to the bottom of the luxury cycle suggesting there could be further upside to some of the luxury names in the three-to-six month window. this, of course, has seen a lot of pressure on european luxury names. the news from china is providing a little bit of relief and there could be further positive news in the sector. back to you, frank. >> silvia amaro, thank you very much. now we turn to the action in asia. china's index had its best day in more than four years after bingb beijing announced stimulus moves. eunice yoon is joining us with more from beijing. big day for equities. >> reporter: that's right, frank. these measures fell into three broad categories. first, to target the general economy. this was an announcement by the

central bank that it would lower the rrr, which is the reserve requirement ratio, the amount the banks are required to keep in reserve. they would cut short-term rates andm the expectation is the immeme medium-term rates would follow. this is all to get banks lending more and companies expanding more. the second bucket is with the troubled property sector. they said they would guide rates lower by 50 basis points for mortgages. it effectively allows people to refinance their homes. the second point is they were going to cut the minimum down payment for the second home that one might have from 25% to 15% and also expand a lending facility so it makes it easier for companies to be able to buy unsold homes. the point of that is to get more

sales, of course, going, but also to put more money in the pockets of households. finally, the third bucket is to boost market sentiment by offering a swap facility that allows insurers and brokerages to buy more stock. frank, the overall sentiment is good, and it helps, but not enough in terms of fiscal stimulus. >> eunice, it is interesting you say this. i'm reading a lot with chinese equities. this is not the abobazooka stimulus. is there a move to get that what people are calling for? >> reporter: that's what people are homping for. there are questions as why the government is pushing back on stimulus. one theory is the financial position of the government isn't as good as the topline numbers

suggest. the local governments have had a tough go with the pandemic. they don't have a lot of stimulus in reserve pause of t that. there is a question of why hasn't the country done what other countries have done and given stimulus or vouchers? there is discussion that might not be helpful. the tendency is when people get money, they save it because they are not feeling confident. a lot of questions why the government is pushing back on something broader sg. >> a lot of questions. luxury stocks and mining stocks are moving higher in europe. it looks like investors in europe are pretty bullish. eunice yoon, good to see you. time to check on the top corporate stories including boeing.

we have silvana henao with that and more. silvana. >> boeing's machinist union rejected the company's latest offer. one boeing described as the best and final calling it a display of disrespect meant to divide striking union workers. in its offer, boeing said it would among other proposals, reinstate a performance bonus and improve benefits and double he ratification bonus to $6,000 should workers accept the terms by friday. union officials which represent the 33,000 striking workers said the offer was thrown out without any discussion. did not meet basic demand and setting up a vote by friday was unfeasible. shares of boeing are slightly higher in the pre-market. former president trump looking to breakout his old playbook to keep manufacturing jobs in the u.s. speaking at a rally in pennsylvania last night, trump said if he were elected president, he would hit deere

with a 200% tariff should it sell equipment made in mexico to u.s. customers specifically equipment that was formerly made stateside. deere says the move to mexico is intended to free up space and employees at u.s. plants for newer models and equipment. we are watching shares of visa right now. reports this morning that the u.s. justice department plans to file a lawsuit against the company as soon as today alleging it illegally m monopolized the market. bloomberg said the government's allegations include visa made exclusive agreements to hurt the expansion of net waworks to ent the market. the new york times adding the justice department will argue

visa penalized customers when it attempted to use other services. visa declined to comment. frank. >> looking at shares down 1.5%. a lot more twists with that story. silvana, thank you very much. we will see you later on in the show. more to come here on "worldwide exchange," including the one word that investors have to know today, but first, could the rebound in china change the investor outlook for the region? the ceo of novo nordisk talk on capitol hill ov terhe prices of ozempic in the market? and a very busy hour still ahead when "worldwide exchange" returns. stay with us.

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to get the entertainment you love to you faster and easier than ever. that's what i do. is that love island? welcome back to "worldwide exchange." u.s. markets coming off a positive monday with the dow and s&p closing at fresh record highs. investors are still digesting the rate cut by the fed last week and if there's another 50-basis point cut in november. the cme pricing in a 51% chance of a 50-basis point cut and a 49% chance of a 25-point move. we have our guest with us. great to have you back. >> thank you. >> you were laughing at 50/50.

what do you think? 50? 25? does it matter? is it the cycle or the size of the cut? >> i think they were behind the curve and wanted to catch up. they did the jumbo cut. the dots are not matching up with another 50. he said 50 is not the new normal. i think unless economic activity slows down significantly, we will be at 25. >> walk me through this. we have the record highs and tech out performing once again. we are seeing the set up similar to the beginning of the year. is that good? >> it is good. the economy's strong. oil prices are lower. rates are going down. this is as good as it gets for equities. >> does that mean we can only have volatility? do you want to get into the market right now or we always talk about the cash on the

side sidelines. isn't this the time to stay on the sidelines because there has to be a pull back? >> equities will compound the question of are they too rich or expensive? equal weight is not expensive. japanese equities are not expe expensive. the big-cap tech with microsoft and amazon and others. i think the investment they are doing with a.i. will payoff. i think we're on the right side of the debate if you own these companies. >> we spend a lot of time talking about the equities. let's talk about bonds. i know it is not your wheelhouse. what percentage should be in bonds? we have seen yields climb a bit and pce coming up. >> i think outside u.s. bonds look relatively good because deappl deflation coming out of china and inflationary easing. fiscal trajectory remains high. both the democrats and

republicans have fiscal expansionary policies coming through. if they will be implemented raior not depends on the legislature. i think bonds are good to own because of the deinflationary. >> you have a lot to say about china. are we talking about corporate bonds? what looks more attractive to you? >> i think credit spreads are tight. they are supposed to be tight at this stage of the cycle. >> moving on to china. this is what you are excited to talk about. we saw the stimulus in china. it's not the bazooka. a lot of people looking for possible stimulus when it comes to china is there one part of the chiends na market that look

attractive? >> china is in a recession. consumer confidence is low. there is a overpsupply of the property. this is not going to do fiscal stimulus to boost the overall economy. i think tech, which are grown up and valuations low and some of the best companies in tech like tencent or duoduo. i think overall, china does not see a big fiscal bazooka coming in. >> great to see you. always a pleasure. for more on what is driving the markets and day ahead, go to cnbc pro at cnbc.com/pro. ahead on "worldwide exchange," the big money movers

after levi straus. we're back after this. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to help reach your goals with confidence. my sister's told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com.

welcome back to "worldwide exchange." time for the big money movers. three stock stories of the morning. trump media and technology up about 1.5%. looking to regain some ground after shedding another 10% yesterday. the drop comes ahead of the filing deadline for insiders to disclose shares of the parent company of truth social. trump media hovering lower. kb home reports after the bell today. the stock is up 20% over the last three months. kb earnings come after dr horton and lennar. all of the home buildingers hit highs last week. shares of levi's strauss this morning after teasing a possible collaboration with the queen bey herself of an image of

her wearing a cowboy hat and introducing a new chapter. they tagged beyonce's account. this comes after the earnings in june missed expectations. moving on to the commercial real estate market. the fed rate cut decision could provide relief to cre owners. many borrower at cheap rates but, struggled once the valuations rose. according to the real estate financing firm marcus, the number of distressed loans is elevated. falling rates could help. for more on this, let's bring in president and ceo. the data from marcus and look who is here. you always give us insight in the commercial real estate market. >> thank you, frank. >> your data says a lot of these borrowers are expecting to get relief. i'm looking at articles in the journal and other articles. about $2.2 trillion of loans

coming due in 2027. a lot of people are saying the rate cuts are coming too late. what do you see that's different? >> the constructive part of the rate cut will spur activity. the market is resetting prices. prices are down anyway from 20% to 35% depending on the property type. office buildings, of course, have taken the biggest hit on valuations. as these prices have recalibrated according to the free market, the leower interes rates allows you to do loans again. that flow of capital disrupted two years ago will help the market more than anything else. as far as the lenders are concerned, it is not in their best interest to mark-to-market today to sell to the maturing loans except obsolete office buildings. th

they are making decisions on what to fire sale and not fire sale. >> cre loans in foreclosure tripli tripling. how does one 50-basis point cut stop that trend? >> it is not the magic wand of solving this problem. it is two or three years of patience by lenders giving the market time to recalibrate. this is what we saw in '08 and '09. the avalanche of under performing properties is higher than today. we didn't see the similar situation that we had seen in the early '90s with an entire organization created by the government, rtc, to fire sale. that has not been repeated and i don't think it will ever be repeated. >> you admit we're in a downward snowball. it is not as bad as it could have been.

>> this is a beginning of a trend. >> that's not going to stop some of the people who are under pressure right now with loans coming up i just mentioned at $2.2 trillion. you mentioned obsolete or urban buildings in that case. older multifamilies. i want to move on to other data looking forward. we were just showing it. cre lending to increase year over year. this year, $539 billion. next year, 665 billion. what's the cat lusalyst for the jump? >> they were waiting for the down turn and couldn't get fair market value. valuations have been healthy because the economy has done well. you have to remember our business has been tied to job creation. job growth has been strong. as it slows, it is expected to remain positive. put on top of that, the new construction starts in every

property type have pulled back significantly, including multifamily. we saw a record amount of new properties and units delivered in 2024 and pulled back 20% and 40%. the supply side is adjusting and demand looks good. capital markets are normalizing and record capital on the sideline, you were talking about sideline on the previous segment, that is coming back into the market. >> we have to go. is it coming into industrial or multifamily? where does the money go? >> shopping centers are the number one type. they have gone through 15 years of reimagination because of ecommerce. followed by multifamily. multifamily is 95%. >> i could talk to you forever. >> i'll be back anytime. >> hope to have you back soon. as we head to break, we are looking at stocks in the nuclear sector in the 52-week or all-time high of note.

constellation energy and vistra energy up at all-time highs. i believe vistra is one of the best in the s&p this year. this comes after positive feedback on commitments on major banks. vistra is the top gainer in the s&p 500. take l aook at this chart. it's up 190%. something we will continue to watch all year long. stay with us. much more "worldwide exchange" coming up after this.

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the long term optimism? sure, i'm more skeptical than other people. markets are pricing things like they're going to be great. put me in the cautious side of that one. >> that was jpmorgan ceo jamie dimon talking to our team in india this morning offering a somewhat pessimistic view on the challenges facing the u.s. economy including inflation and ballooning government debt. welcome back to "worldwide exchange." i'm frank holland. we will have more from jamie dimon coming up later in the show. we have a check of the u.s. stock futures with the dow and s&p 500 looking at new highs. s&p up nine points right now. up .25%. the dow up 50 points higher.

right now, the nasdaq 50 points higher as well in the green across the board. all of the indices off the highs from earlier this morning. we have a number of s&p stocks touching all-time highs during yesterday's session. that includes meta and american express and ibm. meta is moving higher again this morning and amex up over .25%. royal caribbean pulling back slightly. oil is bouncing back on the renewed demand of the second large of the economy in china with the stimulus measures. crude is moving as well as wti and brent. we are also watching the markets in china. they are surging on the stimulus measures from beijing. the index posting its best day in more than four years. more off that coming up. csi moving higher along with

shanghai. a broad based rally with the chinese equities. that is the money set up right now. we turn to washington and a crackdown on the executive pay taking shape. democratic lawmakers are looking for information from the companies and including the biggest names in tech and trying to reshape corporate taxes. we have emily wilkins with more on that story. emily, good morning. >> reporter: good morning, frank. a group of democratic senators sending letters today to 35 companies like tesla, netflix and salesforce. they are worried they are paying the executives more than they pay in federal income taxes. the companies were required in the report for policy studies and americans for tax fairness. they looked at what companies paid the top five executives and what they paid in federal taxes between 2018 and 2022. they found a number of

industries, t-mobile and aig and metlife and dte and u.s. steel and more getting the letter citing that study and asking how much they plan to spend in lobbying when provisions expire next year. the letter from senator elizabeth warren and five other democrats offers a view of the increase in the corporate tax rate next year as part of the tax negotiations. this is the 2017 tax law. democratic nominee kamala harris proposes raising to 28% which is the same amount that the democrats supported in 2022. the lawmakers wrote in the letter today that, quote, as congress consider what is to do when provisions of the 2017 law expires next year, it is critical we ensure large, profitable businesses are paying

their fair share. democratic lawmakers aren't the only ones for a showdown on corporate taxes, the u.s. chamber of commerce showed the ten-year um impact of raising t taxes. frank. >> emily, you are hitting how the democrats see corporate taxes. how do the gop see it? >> reporter: we know former president trump talked about continuing to lower the tax rate. it was in the 30s when he took office. it went down to 21and now he is proposing 19%. you heard similar things from republicans. you heard speaker mike johnson talking about bringing down the corporate rate. for the most part, everyone who i'm talking to on capitol hill agrees if republicans are in charge next year, there is a good chance we could see the

rate go down. the disclaimer to that, frank, a number of provisions are expiring which are reopening the tax rate. the corporate rate is not expiring. >> emily wilkins live in d.c. thank you very much. we will stick with washington. the ceo of novo nordisk is heading to testify today. anjelica peebles is joining us. the question is are we expecting fireworks? >> reporter: good morning, frank. bernie sanders will grill the ceo of novo nordisk on the high cost of ozempic and wegovy. sanders calling out the prices of this in the u.s. over other countries. the price of wegovy is $1,300 a month here. in denmark, it is $160 and in uk, $92. we know the pharma companies

give discounts to the pbms. the net price of ozempic has come down since the drug was approved in 2017. wegovy is following a similar trajectory. americans paying out of pocket are not getting discounts. if you are a senior on medicare, you are paying out of pocket. there are many people feeling the squeeze. that's why there is so much attention on this today. novo ceo lars fruergaard talks about the length of the pbms and the role the middlemen may in the health care system. he does ann't address the price ozempic and wegovy here. >> it should be interesting with the popularity of the weight loss drugs. thank you very much. coming up on "worldwide exchange," a bitter blend for

arckand turn around plans. one is not sold on the ceo vision. the shares are down 1.75%. we're back in a moment.

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challenges. bank of america raising the price target on constellation energy from $208 to $263. the demand growth of a.i. is a nuclear renaissance in disguise. as we mentioned earlier, the stock is touching an all-time high yesterday. piper sandler upgrades sa salesforce to overweight. the risk-reward scenario is turning favorable for customers that could broaden multicloud adoption. time for the global briefing. china's central bank is cutting a key policy rate today. the markets reacting positively with the shanghai and hang seng up 4%. chinese property stocks soaring today as financial regulators are reducing rates on the existing mortgages. the head of the bank of japan signaling the owe

effi officials are in no rush to hike rates there. the boj's next meeting is scheduled for october 30th and 31st. we are looking at australia keeping rates on hold as expected. the central bank is hawkish to bring inflation in line to heal. coming up on "worldwide exchange," one word every investor needs to know today and the major strike arisk. what retailers to face during the holiday season if port workers decide to hit the picket lines. we'll be right back after this break. 'd just remodel the bathrooms last month. with empower, i get all of my financial questions answered. so i don't have to worry. so you're like a guru now? oh here it comes— join 18 million americans and take control of your financial future with a real time dashboard and real live conversations. empower. what's next.

welcome back to "worldwide exchange." stocks tied to logistics and freight with the potential of a strike on the ports next week. td cowen sees the likelihood of a strike, but potentially short and disruptive to the supply chain. the two sides in the contract negotiations issuing statements yesterday on the contract talks. the port operator says the union has not been willing to necessitgotiate adding they are willing to work with the fmcs. in response, the ila says the two sides have communicated

multiple times in weeks. as we told you yesterday on "worldwide exchange," a port strike would have an impact on the auto and aerospace industries. let's talk about this with craig fuller. craig, good morning. >> good morning, frank. thanks for having me. >> craig, you have a lot of customers with insight in the supply chain. where do you sit on the strike potentially happening? the increasingly likelihood, but short two or three weeks. >> that's the big question. we are certainly increasing the view this is a likelihood strike. a couple of months ago, we thought it would be unlikely. there wouldn't be a white house intervention. it appears the white house has said they are not going to

intervene in the strike and asked for a cooling off period which we really didn't expect. we thought with an election season upon us and the election a month out, that the white house would intervene, but that isn't the case. >> you see the white house may or may not intervene. they would like to work with federal mediators. in your mind, let's say the biden administration gets involved in the talks. is there any chance of using legislation at their disposal that hasn't been used in years? do you see anything like that on the horizon? >> they have the ability to ask for a cooling off period of 60 days which would put us off until after the election. that is the case the biden administration would take. the recent reports have been linked to the press suggest that the biden administration is not going to intervene. they're really in a no-win

situation if they allow this to pay place, this could have a catastrophic impact to supply chains before the holidays. a lot of product that moves through containers are consumer-related goods. this is peak season before the holidays. you think the biden administration would not want headlines about a supply chain crisis right before christmas. that appears to be the case. so, if they do intervene, you potentially unset the unions and union members and not just the ila, but other union members across the country which would have a bigger impact at the polls. no-win situation for the administration, but consumers and businesses, this could have catastrophic impact to the economy that will be felt for months if not longer. >> let's switch gears from the political sdptuff. i want to move to your

wheelhouse. many customers are starting to move imports to the west coast. however, these are often contract customers. they say if you want to move to the west coast, they will charge them double. although customers on the east coast will charge double over to move to the west coast. are you seeing similar things how does that impact the retailers to bring inventory in? >> the ship lines have put substantial surcharges headed to the east coast. we have seen situation where is ship lines have stopped taking inbound freight for export that goes through these ports. we are seeing, at least, the large ship lines go ahead and prepare for significant slowdowns or stoppages. that is impacting supply chains. this is -- strikes are not unconnected events or labor issues are not unexpected

events. it continues to be impacted by the threat of strikes. there's a lot of noise heading into the strikes. shippers are prepared to do that. one thing is the west coast ports have a new contract they were able to get about two years ago. they are performing. supply chain managers have options. this is not a black swan event that is expected. they have been taking preparations. what is happening is the unexpected and because there's so many different dependencies in the supply chains and parties, inevitably when you plan for these events, something that you didn't expect ends up in a container headed to the east coast and could impact your supply chain. there are downstream implications. >> craig, keep your ringer on. craig fuller. thank you very much. >> thanks, frank. coming up on "worldwide exchange," not sold on the soft

landing. why jpmorgan ceo jamie dimon is throwing cold water on the goldilocks scenario for the u.s. economy. we'll be right back after this break. i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial.

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welcome back to "worldwide exchange." here are a few stories we are following this morning.

boeing union machinists are rejecting the final offer. boeing offered to double a ratification bonus if the workers expect the terms by friday. the department of justice filing a lawsuit against visa today. the doj accusing the company of monopolizing the industry. and trump at a rally in pennsylvania. and looking to regain ground after shedding 10% yesterday on the trump media stock after the insiders were forced to disclose their shares in the company. and levi's strauss looking to team up with beyonce. this picture showing beyonce riding a horse. and how would you like your

a.i. to be voiced by dame judy dench or john cena? the move follows openai after the chatbot that sounded like scarlet johanssen. we are watching for fresh comments from governor michelle bowman. we are watching a manhattan courtroom today as caroline ellison is sentenced for her role in the ftx collapse. she is facing 110 years for the charges she pleaded guilty to last november. one last check of the u.s. stocks futures with the stocks

set to open up deep in negative territory. jpmorgan ceo jamie dimon is speaking with our colleagues in india earlier today. >> the bond markets are pricing in a soft landing. you also look at the stock markets are generally very high and bond spreads are very low. that is goldilocks. >> joining me now is morgan stanley chief wealth analyst. >> good morning, frank. >> i'm not going to make a habit of paraphrasing jamie dimon. >> they're priced for the soft landing. >> what does it mean going

forward? it sounds if anything happens, we could see a selloff or a dip. do you agree we need everything to go right to keep the rally going? >> i think that's the case. as soon as the fed starts communicating it may start to cut rates, the market prices in the entire rate cutting path. in one sense, the fed needs to deliver that. what if the fed does not deliver that? >> what do you mean? 25 basis points or if they only do 25? >> the entire path. the fixed income market is placing a 40% probability that the next cut could be 50 basis points. i don't think the fed is particularly going to die in battle over whether it's 25 or 50 if the data point is weakening. in terms of the entire path could get into the cutting cycle, the market has priced that in. let's say the economy does better than expected and the fed cuts, but doesn't cut as far as

markets are pricing, you have to have yields come up to reflect that. how does the stock market react? it is a better economy, but not as much cutting as you assumed in the forward looking -- >> that's interesting. we will turn back to the equity market. you are mentioning the scenario where bond yields go up. how does that shape your view of the bond market? >> the bond market right now is pricing in that we get to just above 3% by the end of next year. it's all about a timing thing. if the fed starts with a string of 50-basis point cuts, it's likely they get enough lift to the economy that you could actually see a reacceleration of the economy as we move into the first half of next year. the fed has cut more up front, but may not end up cutting as much overall. you front load the lift to the economy. >> does that mean you like short-end bonds or long-end

bonds? >> you want to own more steepening of the yield curve there, but on a shorter time frame. >> okay. let's turn back to equities. we were talking earlier to another guest. tech showing leadership. we are seeing a rally in payment stocks and financials. where are you seeing the biggest opportunity going forward with the idea we will get more cuts? >> if we are going to get more cuts, again, it's about a timing thing. what typically happens when the fed is cutting? you typically have a lift to cyclicals. we had some cyclical response. we have seen spending on durable goods items with the interest rates coming down. we are having some response in housing activity, although muted with the lock-in effect. cyclicals have a tough time with the fed cuts and they start to pick up. >> your pick for us is alternative asset management with kkr. quickly, elevator pitch. why is that attractive?

>> because we're in an uncertain cycle where the fed is cutting, but cutting where the economy is okay. that environment we don't have to prepare for disaster like we normally do when the fed is cut cutting. >> you did it quickly. el ellen, thank you very much. one more look at futures. in the green across the board. that's going to do it for "worldwide exchange." coming up we have "squawk box." the dow would open up 50 points higher. if the futures hold up, the dow would open at a new high, but jpmorgan's jamie dimon is reiterating his call for caution. we'll show you what told our colleagues in india reearlier today. former president trump said he would impose a 200% tariff on john deere if it moved to mexico. and boeing with a new offer.

it's tuesday, september 24th, 2024 and "squawk box" begins right now. ♪ good morning, everybody. welcome to "squawk box" here on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. let's take a look at the u.s. equity futures at this hour. as joe mentioned, if the dow opens here, it will be at a new high. s&p futures up 8 points. the nasdaq up close to 52. up by 46 or 47 points at this hour. let's take a look also at treasury yields. you will see at this point with the yield higher. ten-year at