it is 5:00 a.m. on cnbc global headquarters. welcome to "worldwide exchange." mcdonald's shares are sinking as the company grapples with e. coli outbreak across ten states and killed one person. starbucks shares are falling prereporting a third straight quarterly sales drop and the worst in four years. we will dig into the new challenges for the ceo investors waiting a key vote for

end its week's long labor s strike futuring pointing to more weakness with stocks off their first back-to-back losses since early september. later, getting ready for tesla results. and if elon rmusk are fit his morning call into his busy schedule you're watching "worldwide exchange" on cnbc. good morning thank you so much for being here with us. i'm frank holland. we kick it off with a look at u.s. stock futures with the s&p 500 coming off its first back-to-back loss since early september and nasdaq riding a five-day win streak. futures in the red across the board. s&p down fractionally and nasdaq is down as well. we are looking at the dow. it's down 174 points the overwhelming majority of that is due to mcdonald's,

shares down double digits right now. we will talk about much more later in the show. dow looks like it would open up 170 points lower at this time. the bottom market checking it out. yields across the highest level since july benchmark 4.23 and moving quite a bit to the upside in recent weeks. we also want to pay attention to europe trying to hold on to some early games as the trading day is getting under way key indices to negative territories. that is your morning money we want to turn to this morning's big money movers a pair of big consumer names facing some heavy selling pressure for two very different reasons. first up, dow component mcdonald's the cdc says e. coli outbreak

involving their quarter pounder has at least one death and 49 cases reported in ten states between september 27th and october 11th and most of those illnesses in colorado and nebraska in a statement, mcdonald's says, quote. starbucks shares falling third straight quarter of falling sales and they say same store sales fell 7% with weakness especially evident in the u.s. and china sales fell 14% and 10% respectively from a year ago a video on the company's website the ceo says the needs to fundamentally change its strategy. >> we need to address staffing in our stores, remove bottle necks and simply things for our baristas and we will simply over complex men out ian fix our

pricing architecture and ensure that every customer feels that starbucks is worth it every single time they visit >> let's begin with mcdonald's a serious situation. one person has lost their lives. our thoughts are first and foremost with those people and as well as the people that may get sick holt officials say more cases could come up so i want to make that clear the loss of life is the most important thing here but there is also an investor impact let's talk about mcdonald's. how do you see the investor impact going not only today but just long-term >> yeah, i think a lot of it will really come down to essentially how we have, you know, seen the coverage by the media at various examples of this type of foodborne illness

it has runs the gamut when we look' other foodborne illness if the media taxi and outcome itself is short-lived it could be transitory and impact point to like a wendy's in 2022. at the other of the spectrum, certainly, you know, given the severity, you know, and depending how long this lasts and media attention, i think mcdonald's does typically absorb more scrutiny than most, it can have a dampening impact on demand for some time. >> a few years ago in 2015, chipotle had e. coli outbreak and paid a 25 million dollar fine and saw their sales decline very dramatically. could this happen to mcdonald's? it took a couple of years for consumers to regain confidence in the company. >> yeah. that is exactly right. when i think about a company where it was much more

prolonged, first and foremost chipotle comes to mind i think different characterization of that incident basically, we saw, first of all, it got very intense media scrutiny and very widespread so something upwards of a thousand people were affected there were also a series of anchorage foodborne illnesses that emerged from chipotle and not unusual but the way the media was paying attention very much was i think a lot of it comes down how long this lingers in the news and mcdonald's ability to shift the narrative so something else we know about chipotle, they really couldn't get out from under that microscope, pardon the pun, by doing other things like marketing or innovation or other types of things that would shift the narrative for consumers. >> mcdonald's shares down 6%

right now after the news broke and weighing heavily on the dow and premarket. swift gears over to chipotle brian niccol is the ceo of starbucks and how big of a deal to pull their full-year guidance for next year? >> in a sense this is not entirely unexpected. you know, we have a lot of real-time data when we look at restaurants. people look at things like credit card or do channel checks it was obvious that starbucks sales were not recovering to the extent the company had initially thought. so i think given the divergence of hoping for the outcomes and the reality, as well as just the fact that as you point out, you know, brian is new the guidance was never his to begin with so the guidance that we are talking about was given by a previous ceo. i don't think it's entirely surprising he would pull it and especially in a very transition

year like the one we are looking at. >> i'm a bit surprised you said that i heard a lot of people say it wasn't surprising that the prereport was very soft, the fact that they are going to miss estimates. that is largely probably why brian niccol was brought in and people say it was a bit surprising for a company to completely pull guidance i want to go back to the video he talked about making the actual store experience a little bit more friendly, making it more of a place people want to congregate and go. is it about consumer whbehavior and is one the store experience? >> before i sort of answer that, let me just remind everybody that a couple of years ago when howard schultz was the ceo, he also pulled guidance and that was because in that case, china was very volatile and it was really hard to know what was going to happen there. so it's not unprecedented even for starbucks when, you know, big businesses is really moving in the opposite direction.

back to your question i think there is a branding issue certainly that has emerged for this brian was there. he turned around chipotle in some ways. he is the through line here for this conversation. i think one thing that they need to do is they certainly need to change the conversation about starbucks. when you bring people in, though, you want them to have a good experience, and so that is where the operations come in you really can't have that scrum of people waiting for their drinks and you want baristas time to engage with the customers and what starbucks is about is that warmth and interpersonal engagement and it's become difficult for people working there to do that. >> this story is far from over so i'm sure, sara, we will have you back to talk about this again. thank you for your time. >> thank you we go to more to come, including one word that investors have to know today. first, repeat itself

what stocks are droing now that citi is set up for the 10% drop for the s&p 500. a big day for boeing and first one-on-one interview since usking that top job in augt for kelly. we will lay out what is in stake ahead. tim cook also will be coming up. 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.

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welcome back to worldwide

exchange we turn our attention to the markets. big day right now. we are looking right now at the dow under some pressure. that is largely due to mcdonald's those shares down big. stocks could face even more pressure today after some reports from mcdonald's and starbucks weighing on the different indices after the s&p posted its first back-to-back losses since early september big question for the markets right now, could this all just be a temporary blip if the historical trends hold up? remember, history often repeats itself look at this chart the bull market began in october of 2022. upwards trajectory market with past bull markets and the firm believes the positive momentum will roll on once again this year craig johnson is the chief market transition at piper

sandler. the creator of that chart. good to have you. >> thanks for having me on the show this morning, frank. >> you sent me that chart last night. we were just talking about the previous bull markets and how this one compares. we are going to show the chart once again how does this bull market compare to the other ones we have seen since 2000 i know you have others but too lines for us to get a good look on the chart orange one is 2009 right now since 2022, how does this one compare >> this is still a fairly young bull market coming off the october '22 lows you go back and look at history. median length of these bull markets in terms of trading days has been around 979 days right now, we are only 504 days. from our perspective, again, the phrase you use if history is all sort of rhymes to what we have seen in the past there is probably more room for this bull market to continue to work its way higher in here and, again, you just look at the composition

of what has been driving this market it's a lot broader than what a lot of investors think it's not just the mag seven the last two years that has driven this market higher. >> you're not just talking about it but raising it here you're saying it's not just the mag 7 they report next week and talk about later what pushes us to your new s&p price target at 6100 >> i think it's going to be a broadening out of this market even further than what we have been seeing. financials are starting to reengage with the fed rate cut that we see. the normalization of the yield curve and those will certainly be helpful the industrial sector continues to do well as we continue to see a reshoring effort happening here in the united states. then you come through and you look at technology it's beyond the mag 7.

you've even got stocks in here, royal caribbean has been a terrific winner the last two years. you look at the home builders and look at lowes. a lot of names frank, you know, we even added a bunch of new names into the portfolio that we run. stocks like toast or marvel or corning or united natural foods are terrific looking charts that continue to work their way higher in here. >> i want to ask you about these additions to the piper sandler portfolio. is this simply based on the chart or are there trends you're seeing a wide variety of stocks here. toast is restaurant tech and scottsmiracle-gro is a fertilizer and things like that. marvel is a chip maker are there commonalities in these names or stories for each one? >> i think particular stories for each one we are focused on trend, strength, momentum, and we run this as a diversified portfolio

so we will make some slight sector overweights and underweight bets in the portfolio but for the most part we are trying to find the bottoms up constructive looking trends and themes. again, constructive not only earnings growth but momentum with the names. >> craig johnson, 6100 for 2025 and 6600 great to see you. >> thanks. a market flash on qualcomm bloomberg is reporting cancellation of a agreement that allows them from arm to design chips. look at the shares from both companies. coming up, getting ready for tesla results and if elon musk can fit a conference call into his campaigning for trump.

welcome back time for your big money movers three big stock stories this morning. texas instruments third quarter results beating estimates. stocks up over 3.5% and helped by analogue chips and china's ev market shares rising, despite the company recording a profit below expectations due to continued weakness in their industrial business shares are up over 3.5%. canadian natural is reporting higher than third quarter

revenue but slight drop in pocket and both still topped i estimates. they faced challenges including wildfires and work stoppage by thousands of employees in august shares also up almost 2% shares of enphase are dropping as they reported lower than expected third quarter results and sees lower sales ahead. shares are down over 12% the company says revenue from its u.s. business might be under some pressure even though it rose more than 40% from the previous quarter as inventory returned to normal but sales in europe fell 15% on weaker demand shares of enphase down more than 12%. we are watching shares of philip morris. biggest gain since 2008. shares are a fresh all-time high after reporting blockbuster shipments of zen nicotine.

ibm is out with latest quarterly numbers. we have one to watch in that report coming up for the first time in more than a decade, ibm is outperforming its software peers with shares in record high territory now up 25% just in the past three months. morgan stanley say strong conviction on the street that ibm will be an a.i. beneficiary and topping 1.5 billion last quarter and helping the company's margins profile. however, some critics point to the latest results which suggest companies are not booking as many consulting projects as they did a year ago due in part to uncertainty on the economy and the upcoming election. expect an update when ibm reports earnings after the bell.

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recent snews that they are going to a 10 billion reshare is building a base' capitalizing the company to get a long. the strike is a hangover and have an impact in the short-term but i'll willing to get through

that to get the company back on track in the long-term and i do feel confidence about that. >> that was united airlines ceo scott kirby on cnn last week boeing is going to report its quarter results in about two hours. coming up this half-hour, the key numbers you need to watch in those earnings welcome back to "worldwide exchange." i'm frank holland. a check of u.s. stock futures. futures in the red across the board right now in the premarket. s&p down fractionally and nasdaq is down and dow down 150 points and mcdonald is a part of this decline and weighing on the blue chip index mcdonald's leading the loss and much more on that coming up. shares are down more than 6% followed by goldman sacks and cisco and honeywell.

you can see actually nvidia down a third of a percent and walmart is down fractionally rtx a quarter of a percent bloomberg reporting arm is cancelling a licensing agreement that allows qualcomm to use intellectual properties. we got to check the bottom market yields across the board at their highest level since july and benchmark 4.23 two-year back above 4% yield remember 30-year is read on inflation expectations and up 4.52 oil coming off back-to-back positive sessions. you can see it's in the red pulling back just a bit. wti down about 1% but above 70

bucks a barrel brent crude above 75 a barrel. now a check on this morning's top corporate stories including shares of mcdonald's and starbucks. both of them getting hit hard ahead of the open. sue he silvana henao is here. >> e. coli outbreak linked to the quarterer pounder burgers has been linked to at least ten hospitalizations and one death the agency adds a total of 49 cases have been reported in ten states between september 27th and october 11th with most illnesses centered in colorado and nebraska now, in a statement, mcdonald's says it is taking, quote, swift and decisive action and initial investigations point to the onions used in the burger. starbucks shares also falling ahead of the open.

this after pulling its guidance for 2025 after reporting a third straight quarter of falling sales with its most recent quarter. now starbucks says same store sales fell 7% with weakness especially in the u.s. and china where sales fell 10% and 14% from a year ago. in a video message posted to the company's website late yesterday, the ceo brian niccol says starbucks needs to if you would change its strategy. shares of spirit airlines are surging following a "the wall street journal" report that frontier airlines is exploring a renew bid for the company. the journal says the two budget carriers have recently held talks about a possible merger but saying the discussions are at an early stage and the report adds if a deal does come together, it would likely happen as part of spirit bankruptcy proceedings. frank? >> it's been amazing what has

happened to spirit's stock. >> it has. >> they lost about 90% of its value the last year-to-date. incredible downside move there. >> yes. >> thank you. >> you got it. a potential big money mover. tesla reporting third quarter results after the close. it's expected to post lower profit but higher sales. tesla has been in a tough stretch since elon musk unveiled a cybercab last week will, good morning great to have you here >> good morning. >> what are you expecting from not only the report but the call elon musk, you see him a lot on the campaign trail but not so much talking about evs. >> that's right. i think delivers for q3 will be roughly in line with market expectations expect him to talk about margins, particularly signs of margin improvement in the

short-term and more information around the stories of a.i. strategy and lower priced tesla car coming up or some time next year perhaps and the things that investors want to get excited about for the longer term. >> we have insight we have a general sense that tesla's ev business is under some pressure. a lot of china competition and elon musk has said that. shares down 10% since then is there anything on this call or this report that can i guess increase investor confidence and fullself driving and tesla being able to offer that >> i think, yes but it's largely to me about a future story for investors in the stock today today, i think it's all about the short-term numbers and the margins, the deliveries, signs that the chinese market has turned around. these are the things that will drive the stock in the

short-term but certainly any clarity around cybercab, a.i. strategy will certainly be welcome. >> interesting you say that, will isn't the whole argument that tesla is not a car company the metrics are your talking about are car company metrics. the idea it's a tech company with things like the cybercab and full self-driving. their a.i. business and the technology they have also. why do you think investors in your mind will be so focused on these car delivery numbers when this company trades as a tech company? >> that's right. i think the stories that we are talking about, everything that was unveiled at robo taxi day, these are undoubtedly come to fruition and huge positives for the stocks but they are not things today and the market is going to care about what tesla is delivering earnings wise, margins wise today, not necessarily what is going to happen in two or three years those are the stories for the

future for now, the market is much more focused on the short-term. >> after the strong report from gm yesterday, does that put more pressure on tesla? >> i actually think it's good and better for tesla because i think it shows that, you know, the vehicle market is strong i think the 1.8 million deliveries for this year is still in play with a move 2 million plus for next year >> ryan, great to have you here. thank you very much. >> thank you. moving on to another big story for us today turning to earnings and boeing reports its latest quarterly results before the market open but it's massive 6 plus billion dollar third quarter loss and the company preannounced earlier this month is probably the last thing that is on investors' minds first interview with the ceo in august for kell ortberg. we will get a sneak peek at

9:00 a.m. eastern when he joins "squawk box. expected union vote to ends six week long strike and raise wages 35% among other bonuses. boeing has announced it plans to laid off 10% of its work force joining me is tony bankcroft tony, good morning great to have you here. >> great to be back, frank. >> obviously, some of the bad news is baked into the stock we will hear from kelly ortberg on cnbc. before the call, what are you expecting and what can he say to increase the investor confidence in this stock? >> i think he's in a tough situation here because the vote is going to be after or at least the results will be found out after the call, of course. so i think he just needs to say, hey. we are laser focused on getting

this negotiation settled with the union and then i think they really need to rip off the band-aid and come come out with however they are going to raise capital or whatever form of capital raise they are going to do and get that out there so sort of off investors' minds it's, obviously, weighing on the stock. thirdly, you know, talk about how they are going to get back to a 38 per month rate and, on top of that, you know, get the cap lifted and their relationship with the faa. i think those are sort of the three large things you need to talk about this morning to get confidence for investors. >> any time we are talking about issues with a company and you get to thirdly, it's probably not a great situation. >> a lot of moving parts >> yeah. a lot of moving parts there. to the union vote. big pay increase there what is your expectations? we have heard it likely be a

close vote i'm not saying you have on the ground knowledge but your general expectations of somebody that covers the company and if this doesn't happen today, if this vote doesn't go the way to get this deal approved, what does that mean for the stock >> yeah. you know, it's not going to be a good thing if the vote doesn't get settled today. you know, i think phil is right. it's going to be close obviously it really comes down to this defining benefit program and, obviously, the pension which is sort -- it's not what most companies have in modern times and i think it's going to be a sticking point for boeing and the union. hopefully, it gets settled and they are using that as a bargaining chip for maybe a higher wage. but they need to get this done and knocked out and move on because, obviously, the stock is not going to do anything because it's driven on production, right? if 737s are not being built, then there is no cash flow.

>> i want to go back to that that cap is 38 a month from the faa. if they can get that lifted, how big of a deal is that for the stock in your mind what is that going to signal to investors and what does that mean for the potential trajectory of this stock really seen a lot of declines over the years ever since those crashes happened a few years ago there has been a lot of bad news for this company. >> right i think that sort of the goal keeping your eye on the prize is really production and the way to get to that, of course, assuming sort of the negotiations and should come out relatively soon is get to the 38 a month which is probably not well in to next year there is a lot of operating leverage in this business. we have discussed this before and it's actually a really good business once these, you know, these factories are at rate and used to their capacity it's a great business and a

great cash flow business so i think that is going to be a key with the faa which sounds like it's incrementally more positive than previous management, and i think getting that -- getting that going and having the faa on the same team is going to be a big positive to the stock. >> tony, i got to be honest. you're giving a mixed messaging saying it's a great company but thirdly you came to the head wind i think the question is when will production ramp back up thank you for being with us. >> thank you. >> cnn will speak with the boeing ceo kelly ortberg at 9:00 a.m. even and that exclusive interview is coming up on cnbc. one bank is liking what it likes from spotify details coming up. spotify shares are up fract fractionally upgrade have we?

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welcome back time for your morning call sheet. morgan stanley raising spoktify spotify's best in class product offering and related pricing power. another price target hike from bank of america on uber raising it to $96. it expects booking answer revenues to come in street estimates when it reports its result oracle with sector perform and a 165 dollar price target. rbc calls the company an

interesting transformation story but says it's looking for more support around that stock. time for your global briefing shares of deutsche bank are sinking in europe and learned returned to profit in the third quarter but failing to impress investors. a german court ruling against deutsche bank against the postbang acquisition r china announcing apple ceo and chinese prime minister met in beijing today and they talked about apple's presence in that company. coming up, we have the one word that every investor needs to know today. plus the battle over key states in the presidential election is intensifying as the harris and trump camps try to lock down support from voters. brian is in michigan somewhere else i used to live, brian. good morning. >> reporter: you said there is one word every investor needs to

know i'm curious to know what that is there may be one word but there are really two counties in michigan that may determine the entire state another one that is maybe not a ose win but certainly very clto it. we will introduce you to what some call the most important county in america when "worldwide exchange" returns right after this are likely to recommend us. ameriprise financial. advice worth talking about. there are some feelings you can get with any sportsbook.

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today. we are heading to michigan, one of those so-called blue wall states that are considered a must win for either candidate. brian sullivan has left erie, pennsylvania, atrophy to kent county, michigan that flipped back to bidan in 2020 after voting for donald trump in 2016 and has companies there like amway and steel way. good to see you, brian. >> i know you know that road, frank from erie to 93 and across -- >> i do. >> you were in holland, michigan, recently let's talk about michigan and go to 2016, first and show you the map how it turned out for donald trump. donald trump took the mamting of the -- mantle of the counties and popular vote and you can see in 2016 around the detroit suburbs there was a lot of blue. one up in the u.p. marquette county in the upper peninsula. the little dot grand rapids was

red in 2016 and flip it to 2020. joe biden taking the state back from donald trump and notice where we are, grand rapids, which is kent county, has now gone blue. you got three counties that went blue this one, kent the other one we circled saga now county, michigan, then lee lend county. trump barely winning in 2016 county of 657,000 people, that is a tyiny margin who are those of kent county that will determine this election by and large, college-educated 42%. you got colleges and grand valley state over here a number of different colleges all in the area as well you got a pretty high median income 79,000 plus dollars and low poverty rate but 10.7% amway kind of dominates downtown

grand rapids and steel case and others and herman miller you know the county and the city, you know >> i've been a quite a few times in my local news days. you were in erie, pennsylvania now you're in michigan have you seen any similarities in the battleground counties that might give up some insight how they might go in the election >> reporter: that's a great company. obviously, erie -- listen. erie is struggling a bit more and grand rapids is a high end town each of these counties is a third, a third, a third. it's one third a city, more of an urban corps, buildings, et cetera that tend to go a little bit more blue and then the suburban inner ring and close-in suburbs that are more the college educated middle level. they tends to be 50/50 then you got what i'll call the outer ring which is the more rural area that tend to go more red or more for trump.

i think it's sort of the third city, third suburban inner ring, third outer ring and it's really that middle ring that sort of suburban middle ring which we are going to probably see later on and try to talk to some more people i think the election will be in kent. >> you'll pass holland, michigan, on your next way pick up some merchandise for me. i need some holland t-shirts. >> i'll get awe magnet >> my friends there texted me and said why didn't brian stop in detroit they wanted to take you around town and get a coney you stipulated detroit. >> we stopped in toledo at tony package aco's and got a hun hungarian hot dog. >> brian, thank you very much. on his way to wisconsin ai is up

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welcome back we close in on the 6:00 a.m. hour, here are a few stories we are following. shares are mcdonald's are under fresh. cdc saying a e. coli outbreak linked to the chain's quarter pounder has linked to six hospitalizations and one death.

starbucks pulls 2025 guidance in a video message, the ceo brian niccol says they need to change their strategy. nvidia ceo on black well flaw. pfizer receiving approval for vaccine 18 to 59 who are at increased risk for the virus novo fda request from making copies of its weight loss drug ozempic. continued enthusiasm around stocks making strategists nervous and pointing to index futures hitting its highest level since mid july of last year the same setup ahead of a

three-month sell-off that saw the s&p 500 fall by 10%. they suggesting that less capital is at risk for much more let's bring in victoria green, foundsing partner and chief investment officer and a cnbc contributor also good to see you. >> good morning. >> what do you think about that citi note getting nurves about some of the positioning? >> sure. we will all a little bit nervous. the farthest we have gone down is 8% and hitting the best quarter in the history of the s&p 500. november is the strongest seasonal month in december earnings so far have been pretty decent i think it's not quite the same and be a 2018 situation. i don't see 10% in the cards with so much 6.5 trillion in money markets. i think it's a little bit overblown and there is likely we will have a lot of dip bars like we saw in august and september when those little dips lasted

maybe five days and that is it a little stretched but not a threat to the bull. >> with that bullishness in mind, what is your word of the day? >> waiting everybody is waiting for something terrible to happen we are waiting for the election and waiting for pce or something horrible to happen in this market stop waiting get off the sidelines if you're sitting in the money market. this is still a bull market and middle innings here we are in and room to go and a reason not to invest and we see this time and time again people get wrapped up in geo political events and they say i want to sideline on this or wait and see how this plays out if you wait and see what happens next week with earnings or with the election, you could be missing out so we are strongly encouraging people sitting around waiting for this bull to end, this might be a 2020 or 2009 and you probably should start -- minimizing your timing risk but stop sitting around waiting for the end of the world to happen. it's likely not going to happen! >> a pretty strong statement there!

speaking of this waiting people are waiting for the rest of the mag 7 report and five of them reporting next week and you're waiting for it it will. listen to what jim krcramer sai last night. >> big tech made a big impcome c today and the bomb market and not the stocks its keep in mind the pause in the rally is temporary you should own some of the mag seven for diversdiversification. they used to be high flyers and now lovie bite stock there is a risk involved in other kinds of stocks they didn't expect or didn't think would happen. >> that spells out his thesis there. do you see that trend continuing does that possibly laureower thr because they are seen as a safety play? >> i think they are. look what is happening to gold they are very quality companies that are going to be print free cap flow absolutely without a doubt

you're talking about companies generating earnings 20 to 40 billion. we love companies with strong free cap flow and those are the companies we want to own right now. both the megacap tech and other large values we are recommending you look outside of those four companies and nothing wrong with the quality play understanding these companies have continued to have a history of growing earnings and, more importantly, a history of growing cap flows and being shareholder friendly with buy backs and dividends and a great place to stay because their balance sheets are strong and who wouldn't lend money to amazon right now if they wanted to raise capital, everybody would be lining on the street to send more capital to them. >> get to your pick. big gainer is utilities and run up on the scold a.i. trade up over 30% year-to-date. the last month pulled back along with a number of other utility names. a lot of people feel that utility trade is over. why are you so bullish on this thing? >> there is so much still to come in the utility trade. they are talking about the fact the data centers need about five

big g gig a watt. they are only positioned to do that and may be talking about restarting iowa nuclear plant and regulatory friendly state in florida and ability to increase funds in there even though they are regulated, doable. >> we have to leave it there, vickie greene. futures in the red a loop. that does it for us. "squawk box" starts right now. good morning shares 6 mcdonald'ss tumbling after the cdc says an e. coli outbreak is linked to the chain's quarter pounders. tumblg after the cdc says an e. coli outbreak is linked to the chain's quarter pounders starbucks shares fell and company suspended its outlook. qualcomm shares are falling after a chip designer arm is

moving to cancel qualcomm's license as it escalates a legal dispute. it's wednesday, october 23rd, 2024 "squawk box" qbegins right now good morning, everybody. welcome to "squawk box." we are live in sometimes square. i'm becky quick along with joe kernen and andrew ross sorkin. mcdonald's shares are down sharply. that is a dow component. you can see the pressure that it's putting on the dow this morning. dow futures down close to 1756 points s&p futures are down and close to 10. nasdaq is down about 56 points it comes after the dow and the s&