it is 5:00 a.m. at cnbc global headquarters and welcome to "worldwide exchange." here's your "five@5. records at risk. investors now appearing to take some bets off the table. going nuclear, the latest on the red-hot stock sector riding the new wave heights and whether or not the rally is just getting started. red tape reckoning

why meta, spotify, and 46 other companies are taking issue with europe's iowa regulations and what one powerhouse says needs to be done we've got an exclusive interview with s.a. p. ahead. and chip troubles. wondering if micron could turn around its troubling track record. and later, kamala harris tackling item number one on voters' lists of the most important issues it's wednesday, september 25th, 2024 you're watching "worldwide exchange" right here on cnbc good morning thanks for being with us i'm dominic chu in for frank holland this morning the former riding a four-session

winning streak, and right now we're a little bit on the offer. the dow is low by a modest 20 points, the s&p down by about 9, and the nasdaq down by roughly 82 checking on the bond market following yesterday's disappointing consumer confidence read, the 10-2 spread, by the way, is at its steepest, steepest since june of 2022 so 10-year note yields ticking higher to just about 3.745%. the 2-year at 3.531% the long-term ticking higher and the 30-year ticking to 4.090% as well. watching oil, u.s. benchmark prices, $71.53 that's just about flat on the session. flat as well for ice brent futures, the world gauge $75.17 there now let's see how europe is

shaping up as its trading day is in the early stages. silvia amaro is in our london newsroom with the early morning action there good morning, silvia. >> good morning, dom at this stage we're seeing european equities struggling to make european gains. things could still change. however, as you look at this moment, what we're seeing is indeed a little bit of negative momentum, and, of course, when you think about what we had in the stoxx 600 yesterday, it ended the session up almost 0.10%. why? because we saw easing measures announced in china we got further easing measures this morning, however, that excitement around the chinese measures is actually fading for the time being looking at some of the boerses, you have the xetra dax trading

lower. it's not exciting investors. let's get a check on the different sectors at this stage. when you think about the top gainers, we have health care at the top, up about 0.4% the investors taking a bit of a defensive approach into today's session. we're seeing more interesting moves when you think about the worst performing sectors thus far into the session so let me show you what we're looking at oil and gas, it's trading be more than half of a percent. this as we're trying to track lower prices technology is the worst performing sector. we're seeing a little bit of pressure there, down 0.8%. however, worth pointing out when you through about some of the announcements in europe, officials announcing we could see further rate cuts in the

next month the stimulus is driving most of the moves in europe. on top of that, also that weak economic data out of the united states yesterday. >> silvia amaro with the latest on europe's trade. thanks for that. let's get a check on some of the top corporate stories including warren buffett continuing to announce the holdings >> that is right berkshire hathaway just sold another 21.6 million shares of bang of americbank of america. its third largest holding behind american suppress. apple, bank of america shares are off by about 10% -- almost 11% since berkshire began unloading shares about two months ago the union representing thousands of striking boeing

workers say their members overwhelmingly stand against the plane maker's latest contract offers offer one, it's described as best and final it follows the one yesterday to extend the deadline for the union to vote on the proposal past the original deadline more than 32,000 boeing workers from seattle to portland remain on the picket lines since walking off the job on september 13th, and we're seeing shares right now down just fractionally, but since this began, about 4.5%. and the star witness in the prosecution of ftx founder sam bankman-fried has been sentenced in new york federal court to two years in prison and ored to forfeit $11 billion. the prison term was significantly stiffer than the recommendation by federal prosecutors that ellison be subject to three years of

supervised release with no time behind bars. the judge in the case says the sentence is needed to deter other potential bad actors from committing similar fraud, dom. >> silvana with the latest headlines. thank you for those. stocks are managing toshru off yesterday's consumer confidence numbers which showed the biggest decline in three years, however, investors are increasing their betting by 75 basis points or more than three-quarters of a percent, signaling at least one more big move is possibly in store. they make look to friday's big pce report for further clues on the inflation front. joining me is vance howard at howard capital management. vance, it's good to have you on with us. take us through whether you think this market and this economy need another big jumbo rate cut heading into the 2025 first quarter. >> good morning, dom we're going to get one no matter

what because the data is showing we need one. inflation is starting to drop. it's an interesting thing about interest rate cuts, dom. when you go back and look at the track record, usually what you'll have happen after the first rate cut is a drop-down. then you start to see it start to move higher usually after a first rate cut, the market's higher seven out of seven times. but if you go back on the market and look at the first half of the year, which is 10% that tells us that the odds of the second half is up 83%. those are very good odds so i think investors need to stay the course. in some ways, look at the market, not at all the data coming out the market is just noise right now. >> if the data is just noise right now, how do we play or strategize how you set yourself up is in a portfolio heading into the new year in terms of market volatility and key

sectors to watch >> that's a key question i think you need to look at utilities. utilities are moving higher and higher and higher. real estate is benefitting from the drop in rates and it should continue look at some of the interesting sectors in the bond market a lot of people are overlooking the convertible bonds, and cwb is a very good convertible bond. you know, dom, any time a market hits an all-time high, that is the most bullish technical signal that you can have that is incredible strength, so investors need to be buying on pullbacks and they need to be very optimistic. >> if they're going to be buying on pullbacks, where exactly besides that convertible bond market and credit could they look toward? are there particular sectors you think are going to be more in play, given this broadening out theme that we have playing out

in the markets >> i think financials are going to get strong. you look at it i think they're going to do well historically after the first rate cut, financials will drop down a little bit, but then they'll continue to advance higher and higher and higher real estate is looking good, commercial real estate technology, you need to stay invested in the technology sectors. it's not going to go away. it ee only going to get better if nvidia breaks out of a triangle pattern, you could see nvidia come back to full heights. just a couple of moments left here. how about health care? given hearings on capitol hill yesterday, where do we see the health care trade? >> it's going to be higher when you get congressional hearings up there, they're always going to make big noise, they're overbilling, overcharging, making too much

money, and there's too much rhetoric, but everybody needs it. >> vance howard with the outlook there. thank you very much. for more on what's driving the markets and trading day ahead, head over to c cnbcpro@cnbc.com. we've got one more word to know today but first, why our next guest says the nuclear stock pop may still be in the early innings. plus, your big "money movers" and why the falling rates are not helping one major home builder. and the semiconductor space as a whole, raiiding the ai wav, we're talking micron we're talking more after this commercial break

ryan t. writes, "moving is stressful. can you help me take one thing off of my to do list?” ugh, moving's the worst. with xfinity, you can transfer your internet in just a few taps. just a few easy moves. did somebody say “easy moves”? ♪ ♪ oh no. no, i was talking about moving your internet.

this will move the internet. ♪ ♪ ooh, ooh. -let's keep it professional. professional dancers! -ok! stay connected during your move with the best in home wifi. easily transfer your services in the xfinity app. bring food isn'td stuff. just fuel to live. it's fuel to grow. my family relied on public assistance to help provide meals for us. these meals fueled my involvement in theater and the arts as a child, which fostered my love for acting. the feeding america network of food banks helps millions of people put food on the table. when people are fed, futures are nourished. join the movement to end hunger and together we can open endless possibilities for people to thrive. visit feedingamerica.org/actnow

time now for your big "money movers" three stock stories of the morning. shares of kd homes are lower as the home builder's third quarter earnings missed forecasts, the company also trimming the high end of its gross profit outlook after increasing home sales on the west coast markets this past quarter, the shares down 6.5%. bath and body works will be removed from the s&p 500 at the end of the month the group that oversees the

index says the retailer is no longer representative of the large cap market space bath and body works will be replaced by a tech services company. it's currently private but will merge with two jacobs solutions to trade a new publicly traded firm that will go into the s&p 500. so bath and body works down fractionally in the trade. we're also watching nvidia, which got a big 4% pop yesterday on news that jensen huang may be done selling shares after a pre-set trading plan nvidia shares down as well. turning to the consumer staples sector, as far as performance, it's been in the middle of the pack staples are up roughly 17% on a year-to-date basis they're about 20% for the spyder

etf, and the one for staples is up 15% if you take a look at the dynamics of what's been leading and lagging so far, check out what's happening with these particular names in the consumer staples center, it has been an annual performance, that's been decent over the course of the past 20 years. believe it or not it's only been down four times in the past years. the s&p 500 has been down as well as for the leadership and lagging stocks here, check out what's happening right now with these particular ones. walmart, a 53% kellanova up 44% costco, 39%. walgreens, boots alliance down about 67%. l landwest, down 39%

still ahead on "worldwide exchange," red tape reckoning. why meta, spotify, s.a.p., and 45 other countries are taking issue with regulations and what one powerhouse says needs to be done we've got an exclusive with s.a.p. cfo dominic asam when we return on "worldwide exchange" after this break. >> announcer: sectornomics is sponsored by spyder etfs welcome to the now way to network... they switched to juniper's ai-native network and everything's simpler. so they can take their game

to a whole new level... ♪♪ because now their network is self-configuring, self-detecting, and self-healing. they even have a virtual assistant named marvis. so they can simply ask the network... how's the wi-fi today? that's the now way to network at work— with real ai— letting you rise above it all.

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.

welcome back to "worldwide exchange." experts are calling on the european union signing an open letter, arcing the bloc's current rules will hurts advancements in the region, putting the eu at risk of falling behind in the ar global arms race become less competitive and innovative compared to other regions, and now risks falling further behind in the ai era due to inconsistent regulatory decision-making. speaking with cnbc earlier this week, one of the authors of those res lagses, eu commissioner for competition defebding the rules, saying that they are designed to protect individuals.

>> ai is everything, but ai that you can trust is exactly what you want and the interesting thing is in the discussions we had in the u.s. with the trade and t technology council shows the same approach. so as an individual that you know that you're not being discriminated. >> joining me now is an exclusive company attaching themselves to that letter. this is dominic asam it'sing relative performance compared to the global arms

race >> from my peckrspective, with regard to data protection and security is actually a competitive advantage. it's about strengthening that. we have customers all over the world entrusting us with their data to make sure it's protected and safe what is very important is that for business ai, and that's what we do, we need to have an ai approach, which is relevant, it has to be reliable and responsible. and these three dimensions have to be brought into reasonable balance, so that balance is what we talk about here. >> so if you're talking about that balance, have you and the other members, your peers in signing this letter, had any discussions about what the framework could look like to be better than what the current framework is now >> you would not be surprised if i say the s.a.p., that we are the largest digital company in

europe by market cap and has, of course, discussions on these topics with all the stakeholders that matter, and voice our input into that. of course, for us, it's super important given that we want to be the leading providinger in a., that the businesses need ai to become more continue pettive to make ourselves heard. >> if that's going to be a discussion then, what needs to happen, and what exactly would the outcome be that you think is optimal for the coming three months, six months, year, five years? this is the early stage of the ai race right now. >> the challenge we are facing is that europe has more recently been on a trajectory of having quite a burden on regulation so i can call it the csrd, the regulation around topics where as a company, we've been flooded with requirements.

frankly, the use of regulations has not been understood. sometimes we miss the main points, which, for instance, on that point is we need to decarbonize the planet and we should really focus on that. now, in ai, even -- i'd say on the eu side, there's an insight that we have to come to that balanced regulation, to make sure that the relevance, responsibility, and also the reliability of the data is preserved, and, of course, if you strike the wrong balance, that can be there. there is a really literal quote saying there's too much inconsistency in the regulation and it can actually impede companies from thriving. that's what we're currently tackling i think ai regulation is important, data privacy is important. europe is a safe haven for that, but it needs to be in a very smart and balanced way, and this is why we send that letter. >> a new report from dominik,

puts a global projection for ai spending on products to as much as around a trillion dollars to the year around 2027 i'm looking at that report how do you plan it, looking to capitalize on that kind of spend? >> what we do currently is lay the foundation to really have the pole position to capitalize on the opportunity you've just characterized by that humongous number in business ai to make sure we can bring solutions to the customer as fast as possible and we don't want to have hall lewis neighs in this area. we need to trust sources and that's what we're currently working on we have about 60 scenarios, use cases out there in the market. it will be 80% of the most

>> it's a huge one for sure. before we let you go, dominik, i would be remiss if i didn't ask because it is in the news today and currently your stock, one of the biggest ubnderperformers today, down nearly 4%. this is part of a bloomberg report, that the u.s. is investigating several company, including s.a.p. for the possibility of alleged price fixing with regard to government contracts with the u.s. military i wonder if you might be able to give us a comment on the report and whetherer o not it exists, this inquiry of the justice department. >> i'm not aware nof any criminal investigations into s.a.p. at present. what we're aware of, of course, and all i can say, since a while, we have been under similar investigation by the doj and have been fully cooperative

and will continue to do so. >> dominik asam, chief financial officer with s.a.p., thank you and please see us again soon. still ahead, wondering if micron can turn around its troubling track record. and celebrating his spac -- hispanic we need to understand what's going on in the industry also focus on our strengths, not what we're lkiacng, and being bold always raise our hands to be part of projects this is how we gain experience and how we get access to opportunities.

awkward question... is there going to be anything left... —left over? —yeah. oh, absolutely. (inner monologue) my kids don't know what they want. you know who knows what she wants? me! i want a massage, in amalfi, from someone named giancarlo. and i didn't live in that shoebox for years. not just— with empower, we get all of our financial questions answered. so you don't have to worry. i guess i'll get the caviar... just kidding. join 18 million americans and take control of your financial future with a real time dashboard and real live conversations. empower. what's next.

why choose a mobile network built for places you'll probably never be... ...instead of for where you are most of the time? xfinity mobile was designed for where you need it most. xfinity internet customers, ask how to get a free 5g phone and a second unlimited line free for a year.

the hyperscalers to these, they have clean energy we have a ton that have been permitted for additional reactors that could be powering data centers as well so we're working with those hyperscalers to make sure they, in fact, put that clean power with them and don't put that

eve cost on everyday citizens. >> that was jennifer granholm talking about nuclear power for growing ai ambitions we're going to dig into the stocks set to benefit from that boom including this stock, the mystery chart, with is up 2% so far this year. the top performer in the s&p 500, and it's not a per se tech stock. welcome back to "worldwide exchange." i'm dominic chu in for frank holland on this wednesday. we'll start this half hour with the equities and futures futures are modestly offered you see the dow is implied roughly lower by 17 points, the s&p down by 9 points, and the nasdaq down by roughly 80 points now about 60, 6-0, hit record highs. netflix, lowe's, caterpillar,

sherwin-williams, booking holdings. checking on the bond side of thinks, by the way, the difference between longer-term 10-year yields and shorter-term 2-year yields, that spread is at its steepest since june of 2022. the 10-year is at 3.753% versus the 2-year at 3.535% turning back to equities and one big stock to watch today, that's chipmaker micron. they're riding that whole ai wave, but micron has been left in the dust. seema mody has that story. >> dom, that's right

80% of investors are bearish of micron there are three things that have led to their underperformance. competition from korean companies sam surg and sk hynix and weak pricing of dram and possible new restrictions on chip sales to china. they're looking at planning for restrictions and its impact on the business they're expecting $1.13 on the revenue of $7.64 billion for the quarter. back to you. >> thank you very much for that report to another red-hot sector, big tech and banks backing up nuclear power. check out shares right now of vistra, which was the mystery chart we showed you a few minutes ago.

it's up nearly 2 un% this year even better than, yes, nvidia. constellation energy is the number three stock in the s&p 500, it's up about 117%. and pippa stevens is here with more on that red-hot trade in energy that's not necessarily alternative energy pippa. >> now the world's biggest banks are on board with 14 financial heavyweights including bank of america, citi, bank of america, and goldman sachs. jim schaefer from guggenheim, which also signed on told me wall street is ready to fund the growth of the new nuclear industry that's notable because nuclear projects have traditionally faced cheap price tags and now companies are interested in that free base load power even if

it's at a higher price, which is what we saw with constellation bringing three mile island back to line to power microsoft data centers. cameco is the largest uranium miner. they see nuclear filling that void, adding, he's certain there will be large nuclear projects built in the u.n now that three or four lines are down in georgia, there are none in the u.s. >> there's a reason why. for the longest time because of things like three mile island, there's been a negative view cast on the industry what exactly has changed to make the public and the private sectors much more receptive of the idea of having a nuclear reactor in their backyard so to speak? >> i think it's now viewed as what is the alternative because

wind and solar can only get us so far given that they're intermittent emt power sources and you need energy sources along side them. we're not there with battery usage yet. we've seen that especially with younger generations, gen z and millennials, support for nuclear is on the rise plus, we saw after russia invaded ukraine, we saw fossil fuels spike. that led to kind of a reset worldwide and what does the energy grid of the future look like that's really when this latest wave of momentum behind nuclear began. then you add electrification and more power demand is now meaningfully growing and nuclear is a way to fill that void, dom. >> pippa stevens, thank you very much for that. let's talk more about the

stocks and the new potential for ai and the power play. anthony is with the electric utilities and mizzou securities. i'll ask you what your take is on the nimby concept, not in my backyard. >> thank you so much there's still this nimby there's still this support for the industry now we weren't talking about carbon emissions ten years ago. we are now i don't know whether nimby exists, but we could see some key spots where we could build a nuclear reactor. the biggest driver -- pippa said it best -- there's no commercial plan in construction the cost, i don't think we're

going to see the buildup that everyone is hoping for. >> if that's the case, has the market gotten ahead of itself? we've talked about vistra, constellation energy what needs to happen for some of the valuations and price expectations to actually fill in with the actual implications of the power plans and providers? >> it's a little more than the cost of firing up a power plant. i think those implications probably sparse. i think there's a couple, maybe two or three we may see some up rates, but if

tech is willing to sign the ppa, i think the stocks will continue to run, but as you say, dom, they're going to need to sign these numbers for this run to keep working. >> and, by the way, there's a decade maybe plus lead time for some of these things to be approved, permitted, and built so this is maybe even more onerous than an oil rig out there. i guess my final question, anthony, if it's not some of these stocks, which stocks do you cover that you think are under appreciated with how people can capitalize on this nuclear trade so to speak? >> it gives you a downside projection it's p.e. g. what i like about it, there may be trade going on right now, but p.e. g. operating it in new jersey that's going to provide nice downside protection because i

think you're going to keep seeing these tech companies signing higher and higher contracts for this to work, and while p.e. g. gives you the great protection. >> it's not often where you see stock utilities up that's a good play there thank you very much anthony, we'll see you soon. ahead, the one word that every investor needs to know today. plus, vice president kamala harris looking to further sharpen her economic policies later on today how she plans to separate herself from her republican rival and erase his advantage on the matter with some of the voters that story when we come back

welcome back piper sandler is raising its price target from 300 bucks to 310. it's raising its 2024 vehicle delivery estimates, adding that the e.d. giant will have its best third quarter in china ever the shares down 1% extended right now. barclay is r right now. barclay is is raising its rate it's seeing earning signs of enterprise recovery. those shares up 2 1/3 percent. and keybanc is upgrading

doordash it should sustain growth and maybe some of those commercials featuring bill belichick as well those shares up. now to the 2024 race vice president kamala harris is set to further pull back the curtain on her economic policies later on today our megan cosell la joins us more on what harris could say. megan. >> hey, dom, that's right. harris will really be taking a two-pronged approach she'll be further introducing her own world rule on the economy while rolling out a focus on industrial policy i'm told harris will be describing her economic philosophy as pragmatic and realistic, not bound by any particular ideology. she'll also calling herself a capitalist and will say the government has to work in partnership with the sector.

cha cha'iel lay out proposals to boost domestic manufacturing and she'll draw a contract to president trump and herself but she would propose he would do it by imposing steep tariffs on any manufacturers overseas some new polling suggests those efforts could be working a right terse ipsos poll shows trump has a 2-point lead that's within the poll's margin of error and it's down significantly on the 11-point lead he held in late july. it's only one poll a quinnipiac poll showed a far swing. but it shows momentum and that's why the harris campaign is

staying focused on these issues. dom? what's interesting is how the two are going to try to diff rep yat. what can we see in the coming weeks because it's crunch time now? how are they going to separate themselves from each other absolutely i'm told she's going to focus on herself as sort of the candidate for the middle class, standing up for the little guy, corpocagainst corporations if kneaded but standing up for the little people she's framing trump as more for the billionaires, more focused on cutting taxes for the wealthy and those corporations also this discussion about made in america, they're both so

focused on this. they're doing it in pretty different ways so far. that's going to be an interesting thing to watch we know she's been part of this by the administration that's done it through mostly incentives and tax breaks where trump is taking a different tact if you don't do this, i'll place tariffs on you. coming up on the show, digging into investors, breaking the market enthusiasm, and why they're seeming to shrug off all the volatility as of late this year if you haven't done so, please follow our podcast you can check us out on your apple or podcast of choice you're watching "worldwide exchange." we'll be right back.

clem's not a morning person. or a...people person. but he is an "i can solve this in 4 different ways" person. you need clem. clem needs benefits. work with principal so we can help you with a plan that's right for him. let our expertise round out yours.

at betmgm, everyone gets a welcome offer. so whether you're courtside trying to hit the over... that's right for him. or up here trying to hit the under. whew! or, hitting that win with your crew. ohhh! yes, see defense! or way up here with a same game parlay. yaw! betmgm's got your back. get your welcome offer. and play with the sportsbook born in vegas.

all these seats. really? get up to a $1500 new customer offer in bonus bets when you sign up now. betmgm. download and bet today. 6:00 a.m. hour. berkshire hathaway is selling another 21 shares. following that sale his stake stands at roughly 10.5%, down from a 20% stake when it started selling back in mid-july. the union representing thousands of striking boeing workers say their members overwhelmingly stand against the plane maker's latest contract offer. this cos as boeing offered to extend the vote past an original friday

deadline. shares of kd homes are lower after they missed earnings forecast caroline ellison has been sentenced to two years in prison and ordered to pay $11 billion for her role in ftx's collapse this sentence is significantly stiffer than the three years prosecutors had recommended. brian nick kocols is conting to bargain with the union. and just this past hour, dominik asam commenting on the u.s. justice department

investigating kur sell and others he was here earlier this hour in a cnbc exclusive. i'm not aware of any criminal investigations into s.a.p. at present relates to care saul that you allude to. we have been fulling cooperating with the doj up till now and will continue to do so. getting another check on futures with the dow and s&p, once again touching record-highs in yesterday's session right now they're slightly on the offer. for more on the trading day ahead, let's bring in the lead writer for "the wall street journal," also a cnbc contributor. she's got a new piece titled "people are growing more and more bullish." how can they be more and more bullish? they've already been bullish for

the better part of two to three years now. >> good morning, dom that's right we're seeing people grow more optimistic we've seen them take a look. it was kind of turbocharged after that jumbo rate cut by the fed. it shows that people aring are positioning for this rally to continue. >> all right so if that is the case, that brings into mind all of these elements about complacency and this idea that people don't care, and when they don't, that's when the bad things start to happen. how do you reconcile that kind of market dynamic? >> i would say looking across the market, people are not concerned about a drawdown right now. we saw the ratio it hit one of the lowest levels of the year. yields on high-yield bonds, which are the most sensitive to

how the economy is doing are at some of the lowest level since 2022 look, the data has held up so far, and i think that's why people are going to be keeping an especially close eye on inflation this friday and jobs next friday. >> so let's take us through the word of the day in your mind what is it you've kind of alluded to it i get a sense of it. >> my word of the day today is "calm. people are positioning for this placid level of trade. take a look at the bell. we're down, 0.1%, 0.2% there's not a lot of fear in the market right now. >> how do you -- i mean, i like at this and say we have jpmorgan ceo jamie dimon, talking about the notion of rising risks in the geopolitical

spear. we also have a presidential election coming up that could in many ways be a catalyst for volatility we've got a fourth season coming up yet as you point out, the vix languishes what exactly is happening, and why are there no concerns for all of these potential catalysts coming up? >> i think a lot of it comes back to the fed and were encouraged by this 50-point basis rate cut, which is a lot more than what people expected when you go back, stocks and bonds do typically well after the first fed rate cut there are warning signs out there including the consumer confidence data yesterday, but it has been enough to move the needle in the other direction i think a lot of people got the recession trade wrong in the past two years, and they're almost afraid to say it now. >> okay. if that is going to be the

scenario we're dealing with, there has to be a sense then that if there is a leadership regime that happens, it could be a broadening out of this market rally that we've been talking about. is it going to be a broadening out trade? do you see it in the fun flow data do people believe the market can do better than from the magnificent 7? >> i think that's been on display already, right take nvidia, we did see other corners of the market pick up flat take a look at trading this week it's been energy, caterpillar hitting a record-high, mcdonald's hitting a record-high. that is the rnofcoers the market that's the most saystive to the market doing really well. >> gunjan banerji from "the wall street journal," thank you very much keep it right here "squawk box" comies up next

at ameriprise financial our advice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... 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.

good morning no one looks like that in the market those are the wrong guys we need bored guys because not much is happening. but, it was another day in the

records for the stock. china ramps up support for the market. boeing backtracking on a deadline for striking workers to vote on its latest offer maybe they were watching yesterday. now the union says its members are overwhelmingly against that proposal. plus, donald trump and kamala harris providing more details of their plans for the economy. we'll bring you the latest comments from the campaign trail straight ahead it's wednesday, september 25th, 2024, and "squawk box" begins right now ♪ good morning, everybody, and welcome to "squawk box" right here on cnbc we're live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin.

here we go, wednesday,