it's 5:00 a.m. here at cnbc global headquarters. welcome to "worldwide exchange." here's your "five@5."

43,000. the next big milestone for the dow. chip stocks are a big part of the record rally with nvidia hitting the record and closing in on apple's market cap. we are watching the bank stocks with bank of america and goldman sachs and citi and a number report. we have the key numbers to watch. oil takes a nose dive with mixed messages from the middle east. we have a live report from the region coming up in a moment. and later, google is the latest big tech giant making a bet on nuclear. the likely stocks to boost your bottom line. it's tuesday, october 15th, 2024. you are watching "worldwide exchange" right here on cnbc. good morning. thank you so much for being with

us. i'm frank holland. let's get you ready for the trading day ahead. we kickoff with the look at u.s. stock futures. take a look. a bit of a mixed picture. s&p flat. the dow would open up 85 points higher and the nasdaq down 34 points. this action we are seeing after the dow and s&p 500 both closed at yet another record high yesterday's. the dow's first close above 43,000. we are keeping an eye on tech and nasdaq. the 1% pop is 1% away from the first record close since july. the nasdaq composite up over 23% year to date. big move right hirere to the upside. again, approaching another record for the nasdaq. we are also looking at bonds after the holiday yesterday. take a look right now. the benchmark 4.07 pulling back a few basis points we saw on friday. the bond market was closed yesterday. the two-year pulling back from

the 4% yield we saw for part of last week. we are also seeing huge moves in oil this morning. among the headlines, the iea trimming the forecast for the third straight month. more on that stoiry coming up i a moment. you see other moves in the middle east. we will hit that in a second. wti crude, the u.s. benchmark, do you know 4.5%. close to $70 a barrel. brent crude falling below $75 a barrel. down just about 4.5% this morning. it is time for the big money movers. nvidia. take a look at nvidia's action in recent days and the pre-market right now. we are seeing nvidia actually pulling back just a bit falling 1.3% this morning after it hit a fresh regard high yesterday. the first record high in months.

the market cap above $3.4 trillion. bringing it in reach of apple's crown of market cap. shares of nvidia up 14% this month alone. next up is the bank stocks with bank of america and goldman sachs and citi and other regional names getting ready to report today after blowout numbers from jpmorgan and wells fargo. more coming up in the next half hour. we are watching united airlines and united health up double digits. both sitting at all-time highs. take a look here. united airlines up over 44% in the last three months. united health up over 17% over that same time period. we want to turn attention back to the chip sector and developing story this morning. reports that u.s. officials are weighing a cap on the advanced sales of chips in the middle east over concerns of the

nat national security. the commerce department is looking for a ceiling on licensing chips on nvidia and amd and intel. all three stocks in the red in the pre-market. we hit nvidia. intel shares down .50%. amd shares down 1%. final decisions will be made on specific countries like saudi arabia and united arab emirates. we will have more coming up later. more news on the middle east. oil prices falling on the new iea report where demand is sharply lower. demand closing in on $70 a barrel after closing down 2% yesterday. wti and brent crude down 4% right now. dan murphy is joining me now from abu dhabi. dan, what can you tell us? >> frank, we have a big story in middle east. oil prices after opec cut demand for the third consecutive month. just minutes ago, the iea

joining the party. the two top global authorities in oil now see weaker oil demand growth moving forward. i have to say the gap between these two is still very far and wide. for 2024, the iea expects oil demand to expand by shy of 900,000 barrels per day. that is more than 1 million off of the opec forecast right now. the two are split when oil global demand is expected to peak. iea seeing demand falling after 2030. frank, differences aside, the primary reason for the downgrade is china. the iea expecting chinese demand to grow by 1 50,000 barrels a dy for 2024. we also saw new data showing chinese data imports falling for the fifg th consecutive month yesterday. market investors are really not

convinced that baeijing has a handle on the stimulus plan yet. the weaker demand outlook posing a dilemma for opec plus that it may consider lifting oil output in december if itwarrants. all eyes to see how they play this. frank, geopolitics out in front today with reports that israel may not strike iranian oil targets eased dsupply. as you flagged earlier, brent and wti moving significantly lower. this will no doubt impact the energy sector when trade gets under way stateside. frank. >> dan, it sounds like a number of fact orfactor are impacting

market. you were worried about $50 a barrel right now. you mentioned production is above the estimate from the iea. any sense that opec, when they meet again or maybe impromptu conversations about reducing their output? >> reporter: that's a really good question, frank. as i mentioned, all eyes on the opec december meeting, but how opec will continue to respond to what appears to be a deteriorating demand picture out of china. the question is will we see further downward revisions going forward not just for 2025, but beyond. the other question is how are opec policymakers going respond here? this is a group that is struck now between their own production cuts and maintaining market share. we saw those reports which the opec ministers, including his

royal highness salman saying opec could consider letting go of what was called a price c target. now the pressure is on to see how they respond as we see oil prices continue to pull lower. the other fact is in the united states where supply continues to rise. if we saw that change after the election in november, it could have significant consequences on this market as well. >> yeah, i think u.s. is close to record oil production domestically. dan murphy, great to see you. tracking latest moves in the oil market. more to come on "worldwide exchange," including the one word investors need to know today, but first, more on the nvidia october surge and what's driving the latest upside move. as goldman sachs and citi and bank of america continue the big bank earnings, we look at the regional banks that report and the stocks you need to watch ahead of the open. lar,e okte wlo at the utility

stock rally and under the radar names you need to know. we have a very busy hour still ahead when "worldwide exchange" returns. stay with us. are likely to recommend us. ameriprise financial. advice worth talking about. at betmgm, everyone gets a welcome offer. ameriprise financial. so whether you're courtside trying to hit the over... 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.

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. now xfinity internet customers can buy one line of unlimited and get one free for a year. welcome back to "worldwide exchange." take a look at u.s. stock futures. you see a bit of a mixed picture. s&p fractionally lower, essentially flat. the dow would open 44 points higher. the nasdaq under a slight bit of

pressure down nearly .25%. the nasdaq laggards. pdd holdings down 4%. followed by diamondback energy and baker hughes down 2.5% and 1.5% respectively. chip maker super micro is down 1.5%. we are watching shares of nvidia. the stock closing at the fresh all-time high yesterday. the first all-time high since late june as wall street looks for the earnings season. rising tide lifts all boats. check out the action in the asian chip makers with close ties to nvidia. samsung and taiwan semiconductor and foxconn. for more, let's bring in sara

kunst. sara, good to see you. >> good morning. >> we just mentioned nvidia pulling back a bit, but hitting a fresh record high yesterday on a multisession win streak. i want to ask you, what do you think the catalyst is for the upside move for nvidia? a couple of weeks, we were seeing a lot of volatility jensen huang talking about the moat and boom. >> the word incredible is not be exactly a number, right? i think what we are seeing now is the fact that people love jensen and there are not a ton of great places to put the money. you have indexes that you have to buy when the stock goes up. for nvidia, tit is the index. there is not a lot of news here. i think people are excited by his comments even if the chips are behind timing.

there is demand for them. remember, their customers are forced to buy the new chips if they want to stay in business with nvidia. for right now, you have to stay in business with nvidia. i think that changes in a couple of years. until we get there and other chip designers doing similar things, i think nvidia will continue this massive lead that does make me a little nervous because i think it is is frothy with the pe ratio. >> you think it is frothy. shares up double digits this month alone. i want to does scarlett johansson yto ask you about beig behind with the chips. what about the rollout? it was a nice event and it seemed like lisa su made a decent case, but it seemed talking to analysts, it is clear that amd is a couple steps behind nvidia. do you think that is also part of the surge we are seeing with nvidia that the moat is bigger than we previously thought?

>> it's not so much that the technology moat is bigger, but it takes a long time to make these things. you know, they are designing some of the most advanced technology ever in the history of the world. it takes a while. so, i think the amd certainly will catch up over time. i think that there are a lot of new chip designers and private companies and public companies that the apples of the world that are quietly working on these things. the reality is once you are in the trenches, chip design is not exciting or sexy. nvidia is making it popular and that is the ultimate trick. others are selling the story convincingly. >> sarah, is this a chip story or an ecosystem? similar to what we saw with microsoft and intel back in the day. nvidia is seemingly a one-stop

shop. >> i don't know if people are as eager to use intel as they are using nvidia's chip design. in silicon valley, that is the goal. even elon musk with his everything app he's been trying to build since he bought twitter. i think they like that story. i suspect the market kind of thinks it's nice to have, but knows at the end of the day, the chips are where you get the primary yum and the margin. that is the most important part. if the ecosystem works, great, good for jensen. that's his passion project. everybody's here for the chips. >> nvidia shares down 1% in the pre-market. we are looking at the year to date up over 175%. you are saying it is a bit frothy. where is the risk with nvidia? we have to tenmention it is a cyclical stock. do you see risk in earnings season or something beyond

earnings season in your mind that could create a possible pull back or risk for the stock? >> i think the biggest kind of macro risk which has nothing to do with the company, people want to lock in the tremendous dgain they made. the other risk is tied to the other companies catching up. i think margin risk is a huge thing because this is a company that has been able to command tremendous margins. as these competitors catch up, that margin shrink will happen and i don't know if it will be as much of a darling. you mentioned it is close to overtaking apple, but they trade at a higher level than apple. if you write any of those, they would not been any wwhere near taking over apple. i don't think this is a bad name.

they are designing great chips. i think it is a name that will continue to struggle to see the dominance it has seen on the street. that being said, i've been wrong the whole time. >> we have the earnings season coming up and hyper scalers. you expect cap ex spending to real es remain the same. >> i don't think that is the big risk there. i think if they have to delay the chip launch, that could make a concern, but i don't think there is a big earnings surprise on his comments recently. >> sarah kunst, great to see you. i really appreciate it. comi up ngon "worldwide exchange," the company in crisis as the white house is looking to get the boeing union workers back to work. we have the latest when "worldwide exchange" returns. co. ameriprise financial. advice worth talking about.

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than help you reach your goals. -you can make this work. -we can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. welcome back to "worldwide exchange." we have a news alert from the white house with the chips and sciences act. m seema mody is here. >> reporter: wolfspeed secures $2.5 billion in funding. it is a mix of public and private capital. chips act money is part of the $50 billion vehicle that the u.s. commerce department is used

to invest in semiconductor like micron and intel and tsmc investing in the u.s. they need to hit certain milestones to receive that money. wolfspeed will use this money to expand its plants in north carolina and up state new york where it is building silicon carbide which is used to connect batteries to the car's motor. wolfspeed has seen shares under performance in 2024. concerns of rising competition in china and slowing market and higher cost tied to the expansion plans which weighed on the stock. in late august, the company had weaker than expected revenue on the manufacturing issues it was dealing with. the stock is trading around $11 and change, frank. and up 15%. >> yeah. seeing it right there.

you mentioned a public-private partnership. is this rare? we see this with apollo put money in the chips company in conjunction with the u.s. government? >> reporter: it is a great point. we have not seen too many examples of teaming up to fund a semiconductor plants. the one unique example that does come to mind is nvidia, frank, which is up to receive billions of chips act money. not yet. it is up for that. it separately has received funding from apollo capital and brookfield to expand the fab in europe. that is where you see public and private markets come to help with the expansion plans t. it is interesting stay if the use cases of semiconductor push into infrastructure with private equity having a lot of experience. >> wolfspeed securing $750

million of chips act funding. seema, thank you very much. still on deck on req"worldw exchange," we layout the elephant in the regional bank room. if you miss "worldwide exchange," check us out on apple or spotify or your favorite podcast apps. we'll be right back after this break.

what we are seeing in real-time consumer data in the month of september is the stabilizing of the spending rate of 4.5% which is a good place to be consistent with the low growth environment where it was in '78. if they really want a soft landing, which they want, they have to make sure they stay ahead. >> i feel this is navigated pretty well. i go back to what you said. am i in the soft landing camp? i am in the soft landing camp. i talk to most ceos. this is navigated well. you can hindsight and criticize, but we're in a relatively good place and the fed will take an prop action. >> you heard from the two ceos.

those bank ceos striking an optimistic tone of the consume he were and u.s. economy. welcome back to "worldwide exchange." i'm frank holland. banks will repaprepare to repor coming up. first, a mixed picture in the pre-market. dow and s&p sitting at fresh all-time highs. dow is set to open above 43,000 for the first time ever. you can see the dow hitting its highs of the morning looking like it would open 57 points higher. the s&p just creeping -- there it goes fractionally lower. flat in the pre-market. the nasdaq is under pressure down 33 points. we are watching the nasdaq overall. it was higher yesterday and now it is pulling back in the pre-market, still 1% from the all-time high. if it reaches that mark today, it will be the first fresh record high since july. the key to the story is the magnificent seven and nvidia trading back at all-time highs for the first time in four months and now within striking

distance of apple with the top market cap of u.s. listed names. shares of nvidia this morning pulling back a bit down .75%. the bond market back open after the holiday yesterday. the benchmark 4.06. pulling back a few basis points from the level we saw on friday. the two-year back below 4%. the long bond at 4.35. we are looking at energy, specifically oil, getting slammed this morning after closing down 2% yesterday. this morning, a new iea report forecasting lower demand this year and beyond is weighing on the oil market. we are seeing croude down 4%. benchmark crude down 4.4%. we are seeing exxonmobil down

2.5%. to totalenergy down 3%. bp down 4% and shell down 2.5%. that's the money set up and now turning to earnings with big earnings for bang k of america d goldman sachs and citigroup reporting today. it is not just the big banks, regional banks kickoff with pnc and fb financial which operates in it tennessee, georgia and kentucky. the kre etf has under performed since the fed cut in september which was to steepen the curve. some comments from jpmorgan and nii guidance has weighed on the sector. net interest income is expected to remain under pressure.

wedbush is showing a decline of 15 basis points this quarter. stevens is forecasts a 1.2% decline from this quarter through 2025. one key issue is customers real estate. $950 billion of cre loans are coming to maturity in q3. the loans come to maturity have an average interest rate of 4.3%. here to preview the regional bank earnings is anton shutz. >> good morning. >> i think we have to start with the big thing here. net interest income. we see the forecast for the decline with the regional banks. i want to ask you what are your expectations? you are shareholder of a number of regional banks. is that already priced in?

>> yeah, it is tremendously priced in whatever deiscount metric you want to use. trading at all time discount to the s&p 500. the other thing that is really interesting is if you price a book ratio, do it to book. the book value will be way up. a lot of the companies bought bonds when the rates were zero. obviously, they got hammered. obviously, with the rates going down, they will go to book where they were marked. that train is leading the station. we have seen a lot of transactions start to happen now. >> i know you are expecting more m&a in the banking sector. we will get to that in a moment. the fact that regional banks are trading to a discount. wedbush put out the numbers. historical is 14 times forward

earnings. in your mind, are there deals in the regional banks despite net interest income is under pressure? >> first of all, it is a stock pickers market. there will be benefits from rates falling. the biggest is bank of america will make more money as rates fall. there are examples out there. the smaller you get in size, the bigger the discount and that actually makes that the place i want to be. you know, i like the big guys. they're doing fine. the little guys book to value and many cases, you know, single digit pe to multiples and takeover targets. you have it set up with potentially better earnings and certainly potential m&a in their future. >> after silicon valley bank, we have had calls for

consolidation. we have not seen it so much. you are calling for it again. i want to hit the commercial real estate risk. $950 billion of loans coming to maturity. the sticker shock of 4% to 6%. how do you view that? s&p adds 10% of the loans are supposed to be in it the office space. >> the interesting thing is a lot of people were shouting from the rooftops of thousands of banks fail. we had none fail because of commercial real estate. that's really important. that statistic was the average rate of loans book this year. the fed has given us relief. if there is a refi, it is not so bad. the exposure is dufifferent if u go to the smaller banks. their typical loan is an office park where the building is two stories and full of doctors and dentists that have to go to work. they're paying their rents on time and cash flows will work.

not all come due at once. i think banks put away a lot of reserves on this stuff. they paid it forward. pnc have over 10% reserves put aside to loans. >> pnc reporting before the opening bell today. before we let you go, anton, i want to talk about the two big banks and get insight on a read through of the banks reporting. jpmorgan and wells fargo since friday. jp up 4%. wells fargo up 8%. that's despite their net interest income reporting not being ideal. i'm looking at wells fargo, they lowered net interest income guidance. jpmorgan went on to say the third quarter out performance was a blip. are we possibly over indexing net interest income when we look at the banks? i look at jpmorgan with the investment banking exceeding and that's the reason why the stock

is moving higher? >> the interesting thing is both of those are stories. they're good stories. wells fargo may have the cap lifted on assets. that's really important for future growth. people are looking at that. the earnings estimates came in better than expected although they lowered guidance. a lot of people were short both of those stocks. clearly, jpmorgan has, you know, under fpromised and over delivered. those two companies will have lower net interest income than they have today. their balance sheets are set up that way. they are good companies. you know, they're not very expensive, but people are short. they were set up the wrong way. i think the other thing we have seen is changes in the poll numbers and under a potential republican administration, banks in particular, perform much better. if you look at november of 2016, there was a giant pop in banks when trump won. simply it is because of less

regulation. >> anton shutz, thank you for your time and ininsight. >> my pleasure. coming up, taking a sharp pair of scissors to the stock. we have the morning call sheet coming up right after this. stay with us.

welcome back. time for the morning call sheet. mizuho raising the price target of duke to $120.

it believes any concerns of the impact of hurricanes in the southeast are creating a buying opportunity. and citi upgrading con ed. goldman is downgrateatdowngradia sell. it sees risk to street estimates with low visibility for gross merchandise sales and losses to persist and margins to compress in 2025. time for the global briefing. now appears to be stalling out. the shanghai composite and csi 300 index closing down 3%. the hang seng dropping 4%. china with more economic data yesterday as exports fell sharply in september. xpeng showing pressure from the

tariffs. xpeng is reviewing strategy and including pricing, but did not say it if it plans to pass tariffs to customers. ericsson returns to growth thanks to the rebound of 5g. still to come on "worldwide exchange," one word every investor needs to know today. nng empty or warming up? the a.i. fuel utility stock rally and names that are ripe for the picking. we'll be right back after this break. stay with us. introducing the second chance offer from betmgm. what'd he say? if you bet on a player to score the first touchdown and instead he scores the second? boom! you get your money back - in cash. straight cash? second chance, you heard?

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welcome back to "worldwide exchange." google announcing a partnership with nuclear power. our pippa stevens has more. >> good morning, frank. this is driven by the power demand from data centers with hyper scalers scrambling for power, which, for right now is only nuclear. google announcing that yesterday with the first small moderate reactor slated for 2030. microsoft teaming up with conversation energy to bring three mile island back online

and meta is powered by the s sussquehana river. tech players are also backing the technology. bill gates and sam altman are ch ch chairmen of the nuclear companies. and jensen huang called this an integral part of the nuclear future. the industry is hoping that smrs, frank, might speed the time it comes to market and provide the necessary capital. >> pippa, when do the smrs get the power? >> that's the million dollar

question here. consensus is not before the end of the decdecade. not all smr companies are reinventing the wheel. a lot are expecting with fuel types and cooling agents. that takes time to get through the regulatory process to come through fruition. a major issue for the industry has been it's so expensive to build the commercial reactors. they are hoping the smrs, the small reactors can be manufactured at the assembly line to reach the economies of scale. in order to get the first ones off the assembly line, you need powerful backers and orders in place so you have someone who is buying the power on the other side and that is what has been missing so far. frank, dpgoogle, yesterday, in e announcement, they are buying power from multiple smrs. they said that will hopefullyco

get to market. >> pippa, thank you very much. joining me now with the state of play in the energy infrastructure space is thompson research group partner kathryn thompson. >> good morning, frank. good to see you, too. >> we are talk about google buying nuclear and energy. with the energy and data center play, you have under the radar play. when you talk to investors, what is a way to play this outside of the obvious investing in utility snox. >> that's a great question. taking one step back as you said in the previous segment, the big issue we are facing is the growing tidal wave of energy. in the back drop, what are the names to help with asset integrity? you have to take existing energy and ensure it is able to be

sustained and commissioning new energy with nuclear and you have needs on that end, too. tucked between the under the radar name is the company called acuren. it is on the london stock exchange. we hope by the end of 2024, perhaps, in early 2025. in short, they are an asset and integrity service, it is mandated and extends the life of the asset. if you look at sub comps that are publicly traded, you have team industries and the closest peers to them. with acuren, it has been growing fast and under the radar. it could be a really interesting

play on the energy infrastructure. >> it sis a picks and shovels play. obviously, very critical when we are talking about large amounts of energy in industrial capacity. another way to play this is the material sector because of the buildout of the data centers and other outside of a.i. infrastructure, the physical infrastructure to get power, water, cooling and things. give us a sense, what stocks are under the radar with the materials needed? >> you know, listen, there's a big debate of the utility stocks have they peaked or run out. regardless, you still need crushed rock, cement, concrete and by and large, asphalt. some of those names will be martin marietta and vulkan materials. crh. they do infrastructure build and

simix. another large producer of cement, but aggregates. with all of the names, you get different flavors. you go to any nuclear facility big or small, the first thing you see is a lot of concrete. those are the very basic components. rock, cement and those unlikely player, but basic materials and build out of any type of not only infrastructure. >> we will keep our eyes on the stocks. those shares up .50%. kathryn thompson, thank you. >> thank you. coming up on "worldwide exchange," the company in crisis as the white house looks to take a larger role to get theni uon staffers back to work.

if you miss us, follow us on apple or spotify or our podcast apps. stay with us. much more "worldwide exchange" after this break. is perso -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." as we close in on 6:00 a.m., here are the stories we are

following. routers reports julie su flew to seattle yesterday to talk with the company and union. and israel has told the white house it may carry out a limited strike on iran. take a look at oil stocks. oil is hitting its lows of the morning. wti right now is just at $70 a barrel. down 5%. brent crude below $75 and 5% as well. bloomberg reports that the cap of the chip maker stocks. the caps could impact chips by nvidia and amd and intel. christopher waller suggests the fed should considering raising rates and easing.

here's what to watch today. earnings season picks up with results from bank of america and citigroup and johnson & johnson and more. don't miss the interview with brian moynihan on "squawk on the street" this morning at 8:00 a.m. we will hear from mary daly and adriana kugler and raphael bostic. the nasdaq now less than 1% off its all-time high from july. the mag seven and nvidia with the all-time highs. let's bring in erin gibbs with gibbs management. great to see you. >> good morning. >> erin, i want to get to your word of the day. it is tied to the magnificent seven names. >> my word of the day is nuclear.

this is all about what the resources we need for the nuclear plants. meaning uranium. that's how i'm playing the many headlines this have been hitting about nuclear programs coming on. >> you have two picks for us to play in the space. we had somebody with the under the radar name. one is etf ticker urf. the other is urnn. i have to say, both are underperforming the market year to date. the last one is actually in the red or fragsctionally higher of that news. i feel all year long, we are talking about the increased need for energy and power data centers and the whole a.i. trade. >> right. a few things will push these stocks up on a longer-term trend and really help with the relative performance is a lot of it is still about china demand.

china is ahead of us with the nuclear reactors as your previous guest mentioned, we were talking three-to-five years before the new microsoft or dp google centers will be up and running. whereas china is already building them and has the need. the u.s. based customers and that china growth is helping them for today within the next year. another thing is we're seeing the spot prices of uranium stabilize. we're looking at a 6% growth on the futures or 6% increase on the futures market. let alone the production. there is volatility just within the pure price of uranium. both of these are well diversified etfs where you have the major minor miners from

kazakhstan. >> and timely picks right there. i want to get your sense of the general market. the nasdaq within 1% of another record as well. how are you viewing the market? where are you seeing the opportunities? >> so, for opportunities, i'm still looking more defensive. i like to see the rotation of leadership where we are seeing some of the laggards starting to become the winners. this large breadth we have been seeing recently. certainly technology has had a couple weeks in the spotlight and picking back up. i'm still more comfortable with more of the defensive value plays coming ahead and i think banks and insurance has been a great example where we have seen out performance on that side. >> erin, we have to leave it there. thank you very much. that does it for us on "worldwide exchange." "squawk box" starts right now. good morning. we're mixed as far as stock futures. that doesn't matter.

we'll be up 300 points by the end of the session. maybe. that's what we've seen. we are awaiting quarterly results from johnson & johnson and three big banks. google going nuclear. the company signing a deal to purchase power from nuclear reactors set to come online by 2030. crude prices are falling after a report says israel is willing to target military targets in iran. target and target. two of three words. instead of oil and nuclear facilities. it is tuesday, october 15th, 2024 and "squawk box" begins right now. good morning, everybody. and welcome to "squawk box" here on cnbc. we are live from the nasdaq et