israel's recent actions as well. so one more thing to watch. and you've seen that pop up in crude markets. >> ryan mentioned, you know, 401(k) every couple of weeks. next year you can put in $500 more into your 401(k). people should know that. >> we did have a higher day for markets but a lower week overall for equities. >> busy week for earnings. lots of surprises. and for now -- >> lets going to do it for us here at "overtime." >> "fast money" starts now. indeed it does. live from the nasdaq marketsite right here in the heart of new york city's times square, this is "fast money." here is what's on tap. a big tech comeback, the mag seven rallying to end a turbulent week. is this sustained strength for the end of the year or a head fake designed to take your money? stocks up despite a dismal jobs number. why didn't the markets care? what does it mean for you ahead

of next week's fed decision and the election? also tonight, boeing shares are taking off on hopes to end the strike. super micro's rough week gets even worse. and trump media, clocking a third straight day of digit declines. happy friday, everybody, and welcome to november. i'm brian sullivan coming to you live from studio b at the nasdaq. on your desk tonight, tim seymour, courtney garcia and julie beal, welcome. let's kick it off here. there really are two big money stories that are happening right now. earnings and jobs. let's start with the payroll number. shocking the street, the government saying only 12,000 jobs were added in october. that, my friends, the worst jobs number since the pandemic. but investors apparently didn't care. markets today higher across the board. maybe on hopes the fed will cut rates again. we're going to find out.

your other big story was earnings. a huge week in the books, and more to come. in fact, nearly one in five s&p companies will release their numbers next week. you might have heard about this election. we've got this election thing on tuesday, which could bleed into wednesday, thursday. >> you wouldn't know it from the markets. >> we're going to talk about all of it. be sure to tune into your coverage. contessa brewer and i will be hosting the critical hours when we might see a result and maybe a big move in the market in the overnight session. you've got the fed next week, sort of the penultimate decision of the year, that fed meeting is on thursday. so, tim, let's talk about all of it, jobs, earnings, the fed, is election, maybe something else. >> by the way, in terms of teasing next week, i can't wait to hang out with you tuesday night at midnight. >> will you be with us for the whole -- >> absolutely not. i'm going to sleep. i'm going to spend a half an

hour with you and go to bed. today was exciting if you think about the payroll number. by now you've heard 12,000 jobs were added, yet the market rallied. so no fear of growth. and more, i think, perversely interestingly, you saw the treasury markets and yields continue to go higher. in other words, this wasn't a follow-through from the treasury market that said there's no growth, the fed is going to be cutting. you saw the short and long end close at effectively four and a half months, a high yield on the ten-year and it did not respond to a labor number, which apparently everybody has flagged, two hurricanes, a boeing strike. wages were actually higher. if you look at the 4.1% unemployment rate, it tells you we're essentially near historic lows. i think the number on the headline was confusing, even though the politicians seem to like the ability to talk about this going into an election. it was a wild number where the market did not care. it gets back to the leadership

we saw, the recovery across the tech sector. i think we're going to continue to have it. november is that month. and it is a very interesting day. >> yeah, karen, as i tweeted out earlier, the haters love the number because they've been waiting for some bad news. and i said basically, take it easy. to your point, the hurricanes, the storms, strikes, a lot of other stuff. the bond market really didn't move. the stock market did okay. should this change our view of what the fed may do on thursday of next week? >> i don't think so. i think that, you know, this is such an outlier that i don't think it gives you any information at all. you were here, loretta mester -- no, two days ago we had loretta mester on and she was talking about a 25 point basis cut. >> next week. >> right, next week. so i don't really make much -- i know it is fodder for political discourse, but i don't think we can make much out of it.

it's interesting, i think that -- i agree with absolutely everything jake said, including the 12:00 to 12:30. >> that's the right call, the first half hour and then going to sleep. >> thanks. [ laughter ] >> thanks a lot. midnight to 5:00 a.m. >> sorry. it's going to be good tv, i know that. >> we've got the jobs number doesn't matter. >> and i think -- >> we're leading the show with it. >> because it's important, we do focus on it and want to know what jobs is. but i thought we would see how should we adjust it for these hurricanes and adjust it for boeing, i don't know is where i ended up. so i just sort of discard the whole piece of information. but i think the enthusiasm over amazon and some of the other tech names, i think that's what also helped the market today. and, therefore, the ten-year. >> and i think that's the question, is how much of this is due to the hurricanes or boeing or do we actually have a weakening labor market, which i don't think anybody can say at this point in time. >> we need time, numbers, months

of confirmation. >> exactly, which is why i think it's being thrown out. i think it was a positive thing for the fed, where they weren't getting flack for saying they cut too soon. you have a jobs report like this and i think it takes pressure off of them. i don't think it changes what they're doing next week, but i don't think this is something that you can really use to kind of hang your hat on. >> so doesn't matter, doesn't matter. we've got to go to julie. >> i didn't say that, by the way. you're putting words in my mouth. i didn't say that. >> julie beal -- i did it for you. jobs number, does it matter? >> it's hard to put any stock in this report, because of all of the effects we've talked about. the one thing that i did notice is that we continue to be in this wage upgrowth trend. we had a real bottom in the summer and it has quietly ticked

up and that is the one thing that could give noise to the fed discussion. i don't think it changes anything as far as their decision. but i think it will come out in the minutes that there will be a little bit more concern about wage growth pressure. we're seeing it mostly on the good side, less on the services side, which is great news, because services has been the place where it's been more persistent. but i think longer term, it's not really going to have any kind of impact materially. >> and tim said the stock market is not the economy. it sort of reflects earnings and parts of the economy. but just because amazon's numbers are good doesn't mean the macro economy necessarily has to be good if amazon can manage business that well. so do you agree, i think, with your friend karen, that it was really the earnings of the world that's going to matter, not the jobs number? >> i think it's both. look, there's an element of today's action that is really important, that people feel the fed does not need to pause.

they're going to go 25, they have to go 25. but the sense was that we had had at least data that indicated, and some stickiness in inflation that the fed could stop it up. there's been periods where the market has been concerned about that. if you look at the rates markets, we closed on the highs in yields. there's nothing about the economy. and, by the way, i actually think the move in the bond market that moved down to 360 on the ten-year and the move back up is the reassessment of the economy. not of the fed and not in the longer term of the u.s. creditworthiness, even though we talk about it all the time and we should be talking about it. >> i want to go back quickly. you said the fed has to go 25. they don't have to do anything. >> they don't have to, but i think based on how they've guided us and the numbers we've had and that we are still, i would say, restrictive. i'm not looking to see them do more than they need to do. but i think the market two weeks ago was concerned that the fed could pause it. it does get back to earnings.

and, yes, those are strong numbers by amazon and google and meta. but i do think today was some sense that the economy is okay. >> we've got to move on to big tech. to three of you at the same time, raise your hand if you think the fed will cut 25 basis points next thursday. >> reluctantly. >> completely unhelpful for those on the radio. >> that's why i said, hi, there. >> if you're on the radio, thank you for listening. it was four of four. i abstained. let's dive deeper into big tech. it was a good day today, but an overall rather tough week. here is your random but interesting stat of the day, this week's drop, the nasdaq just broke a seven-week winning streak. maybe more proof that markets simply cannot go up every single day or every single week. but today some big names did go up. we just talked about it. amazon closing, new record high.

microsoft, google, nudging higher. and even beaten down, old intel rose after last night's results. something we hit on a lot last night. not participating, apple. it was the second worst performer in the dow today. a lot of people may be underwhelmed about their new apple intelligence ai product. and take a look at the other names that did report this week. alphabet ended up 3.5% following their numbers on tuesday. meta, and aforementioned microsoft down for the week. but not a mixed bag. we should say almost universally the numbers pretty well received. >> yes. also netflix had huge numbers, but amazon was a really, really good conference call. google, too. there's a lot to like. meta, my largest position, a little disappointing. but i thought the numbers were very good and, you know, it's all in the spend. it comes back to that again and

again. >> what concerned you about -- what didn't i maybe hit earlier in the week on the show, what didn't please you about the meta numbers? >> i find that almost possible. just the spend, again, even though they are being a little more -- they are being more efficient on their expenses, but i think we would like to have a little more certainty there. but on the margin, i don't think it matters. i would not change my position. >> anybody got a comment? have you seen zuckerberg, his hair is going crazy, he's kind of going -- >> still kind of a geek. >> a rich geek. owns an island. >> look, the guy, he's way cool -- >> i mean this sincerely, it's a transformation. here is why i bring up mark zuckerberg's hair, it's not out

of jealousy. you look at the news up and you think is he going to run the company in a different way. he was on his back heels and he's punching now. he literally is punching, taking jujitsu. you wonder if he's going to be a more aggressive ceo, make more risks that might benefit or hurt -- >> you don't think changing the name to meta and going all in? i think he's been aggressive. >> let's get a picture of the new zuck. we need a side-by-side comparison. let's tie all of this together, jobs and markets, in a nice little bow and become in steven whiting, chief investor strategist and chief economist at citi wealth. just based on our conversation before the show, i'm guessing you would make it unanimous, 5 of 5, raise your hand, jobs number didn't mean anything? >> no, meaningless.

>> thanks for coming. >> we'll talk about markets shortly. just think about this, 512,000 people said they couldn't work because of hurricane effects, the sorts of weather-related displacements. how could hiring be usual in the month? that number is tenfold what it was in september. it's nearly tenfold of what it's been. there's the picture in octobers of years past. every time we've seen this, the following month you get a correction upwards. maybe you could put both months together, but in reality we can't measure the economy that well. >> okay, so then how many months -- i'm just going to ask everybody to refer to themselves in the third person. how many months would steve whiting at citi wealth, how many needs would you need to have confirmation? >> three to four months. >> a quarter's worth of data? >> but the big picture, we went from the rebound from the pandemic to under 200,000 per month. we were doing 6 million, then 3

million, then under 2 million. this is a slowing gain for the labor market and an accelerating gain for corporate profits. and last year was lousy for most companies. negative 7% for eps outside of mag seven. that's why we're gaining now. >> you sound bullish? >> we are. look, this has been a big couple of years where overweight global equities were overweight the u.s. by about 6%, underweight the rest of the world by about 1.5%. and how far that will go, u.s. equities have outperformed the world by 15%. that's not that big a thing, but it's been 15 years of it. so the potential for us, with non-u.s. stocks at 13 times earnings, we're at 22. we've got higher expectations. >> yeah, i think -- and tim is the international sbexpert, but this is a fantastic point. it's hard not to be bullish on america. i've been in europe and they pay

three to four times what we pay, regulation over there. the entire german dax, their dow jones is worth less than nvidia. we'll talk later about china. i wonder how much of the world's capital is saying, i've got to go to the united states. >> but, again, 15 years of this. three american companies worth the entirety of asia or the entirety of europe. and our gains in market cap have been growing faster than eps has gone up. we are outperforming on earnings. your valuations outperforming even more. that's something in the event, if we were to go down the route of continued fed easing, that's going to depend on the outcome of the election, congress, what exactly we do after next week. but if we were to be able to ease, the dollar comes off, we can see what happens. and it can be a period of some outperformance. >> i'm getting excited listening to you because you're not saying i think you're saying, which is

you're bullish on corporate profits turning around. we got some inflection. we now have an environment, there aren't necessarily labor headwinds, it's slower growth but still growth. and that you combine with the earnings power, it sounds to me like we should stay long in this market. >> think about last quarter. we're not done with this quarter. tech was the third fastest growing earning sector. we had three that were above 20. we had 9 out of 11 sectors start to grow earnings again and we have records for the next two years. >> let me ask you about productivity. was that where it comes from? where does this earnings growth -- >> absolutely, productivity growth is strengthening. what happened in the pandemic, we recovered very sharply in services related hiring, which is not mechanized, it's very head count sensitive. a typical large restaurant has more people working for it than a warehouse or manufacturing company. so by 2022 when the fed was

tightening, saying the labor market is incredibly strong, that was when we were getting the pandemic services recovery. productivity was sinking and a lot of negative effects from fed tightening were actually hidden beneath the surface into 2023. >> somebody get this man an eagle. i want an eagle on his shoulder and an american flag tophat. >> okay. >> i'm not sure we've got eagles, but i like the bullish take on the markets on the united states, and it's been over a decade-long run. steven whiting, great stuff, you and your team at citi wealth, appreciate it. >> thank you. >> courtney, are you as bullish as mr. whiting here? >> absolutely, and i think there's a lot setting up for a good end of the year. profitability is expected to be accelerating, gdp is growing. you don't have a lot of cash on the sidelines right now. we do have the election next week which does tend to be a good thing for the markets. i think all of those things are setting up for a good end of the year.

and tech has kind of been sitting on the sidelines the last couple of months as people have been rotating out of it. i don't think that trade is over, we're seeing that come back. i think you want to stay long in the markets here. >> you made a lot of people happy. bullish take on the rest of the year. we shall see. we are not done. coming up, we're going to talk energy. what exxon and chevron did today that had them going in different directions. plus, a big move from one big name in athleisure, yeah. anybody remember that, athleisure? that is ahead. ah, these bills are crazy. she

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welcome back. the biggest of big oil, both reporting their results today, of course, talking exxonmobil and chevron. these companies often get lumped together, but today they pulled a journey and went their separate ways. exxon ending the day lower, chevron higher. now, on the year, though, exxon outperforming by about 12%. their production, chevron's as well, premium. your take on one or either? >> i think it's a case of the outperformance of exxon was a higher bar. chevron has underperformed. i prefer chevron.

it is a case where, also, their free cash flow was extraordinary. if you combine that with upstream growth where they've been lagging and let's not forget as a battle for the asset that is the most exciting oil asset production in the world. this is a case where chevron who purchased hess for that asset, and there's been a question about what's going on, i think ultimately they get that asset and share it with exxon. i think the story for integrateds right now is free cash flow and these businesses are run so they are more efficient. it's not growth at all cost. i think they are both all-weather stocks. at this point i do like chevron over exxon, but i wouldn't be jumping out of exxon based on today. >> we've got to worry about china. we've got opec meeting in a month. we'll see if they do. they're supposed to raise production. china has been a disaster. you could make a real case for $50 oil, and if you made that case, you wonder what that would

mean for these companies and more. >> if opec is raising production, isn't that a bullish shine? ultimately i believe, based upon how they've been able to have consensus and control, and saudi has the swing capacity, they bear the brunt, and this is a market share gain, they're trying to protect market share against the u.s. i think if they're raising production, they won't do it at the expense of oil price if there's not anything behind it. >> their break-even prices are lower than this. if it does go lower, it's not necessarily a bad thing. they had to become more efficient back in 2020 and they're in a much better position. both companies are coming into earnings, both beating expectations, chevron is trading below historical averages, and exxon is trading above historical averages. don't forget with the tension in the middle east, there's a

chance energy priceless go higher. >> i think karen needs to talk about her acronym, because we know energy is the -- >> energy is the helm. energy is the x in my helm trade. it's been a frustrating trade, particularly looking at chevron, nice move today, free cash flow, a substantial beat at $5.3 billion. i think they were looking for $4.7 or so. this has been a frustrating acronym. >> give yourself a break. >> you're not the only one with a frustrating acronym out there. >> let's bring up a serious point, though. the reality is, there is a huge group of investors, particularly, we talked about it earlier, investors in europe that either can't or, in some cases, are not allowed to buy oil and gas stocks. they don't want to buy anything associated with oil, gas, carbon

emissions, climate change. and so, no matter how good these numbers are, you don't have the pool of buyers, i don't think -- and i would like to hear your take on this, that an apple would have. >> for sure. also, if you look at what's happened to -- i don't know where the energy trade now is in terms of the s&p, but -- >> it's like 4.1 or something like that, yeah. >> it was 14% at its peak in 2006, i think it was. >> that is an extraordinary move, not in a good way, right? yet it seems to keep going down. i keep thinking it will bottom. but that hasn't been the case, so it's frustrating. >> courtney is right, the absolute production cost number, break even, are probably in the 30s for some of these companies. but you do have to add in dividends. the break-even on the physical production may be 36, i'm making that number up, but if you're buying the stocks for a dividend, you do have to care

where the price of oil is going. >> you do. and i think courtney nailed it. because i look at the european integrated, at 37, and bp had a tough report in the last week or so. i like royal dutch, i like totel, i can make an argument their dividends are better. >> we don't get a lot of breaking news on friday afternoons, thankfully. >> unless somebody is trying to hide something. >> this is some interesting news right now. we've got the dow jones industrial average is changing. anybody know this was coming? nvidia is entering the dow. >> really? >> yeah. >> that is news. >> sherwin-williams, the paint company, also in the dow. and here is more important, guess what sherwin-williams is painting out of the picture? intel. nvidia is replacing dow in the dow. they're not replacing each

other. sherwin-williams may be replacing dow. the company known as dow chemical is out of the dow jones industrial average. intel -- and i don't know this off the top of my head, i would love to know how long intel has been in the dow. probably a long time. intel is out. nvidia and sherwin-williams are in. tim, i know we don't care about -- i get it. this is a big move on a friday. >> we care about it, and we just got done talking about exxon, the time to buy exxon was when exxon was kicked out of the dell. i do think that the index and the passive money that is tracking an index like the dow, it's very powerful. and to some extent, i do believe it's more impactful for nvidia than i think it is on the downside for intel. >> how much money is indexed to the dow? >> i don't know. >> i don't know, either. >> it's not a lot. people are, like, nobody trades against the dow.

they're right. the dow is a news thing for the most part, it's what mom and pop know, it's sort of a benchmark trend. it's not a trader's thing, i get it. but when a company goes into the dow jones industrial average, there's no denying, right? it's like if you follow british soccer. if you get promoted up to what they call the premier league, that's a big deal. this is a big deal, i think, for nvidia, but maybe a bigger deal for either sherwin-williams, and a bigger deal for intel, which thankfully 1999, intel has been in the dow for 25 years. what a knock for intel. >> we've priced this into intel. and i guess i get back to exxon, which was, i think it was august of 2020, that was the bottom for exxon. >> you're saying maybe it's the bottom for intel? >> it very well could be. i think we had that conversation this week about intel was a terrible story going into '24,

and in '24 it's down 58%. i mean, intel has eviscerated so much capital, we know intel is a bad story. we know both active and passive money have been avoiding it. it's a lower index as a function of how much it's gone down in it's weighting. >> one thing i just found out, so there's a dow etf, $3 $35.6 billion, the spdr $590 billion. >> it's small. but julie, do you have a quick comment on this? >> i agree, i think it's much more meaningful what stock gets kicked out than what stock goes in. it's not like nvidia needs any more gold stars. i think it is a nail in the coffin for intel for any kind of investor. it's a recognition that their business has degraded to an extreme point. same with dow, honestly. >> i'm sure we'll do more on this a little later. nvidia and paint company sherwin-williams are in the dow.

dow chemical and intel -- i know they're not called dow chemical, but i'm trying to separate the terms. intel out, ending a 25-year run. the reality, it's embarrassing. >> it's historic in its own way. it's symbolically historic. with excel, we kind of knew this happened. why not put a ribbon around how devastating it's been for a great american company. we've got a lot more to do on "fast money." we are back in two minutes.

all right, welcome back to "fast money." one more check on how the markets ended the day, and we did kick off the month of november in the green. saw markets rise not a lot, dow is up 288, the nasdaq comp, the big winner of the three, upper 0.8%. everyone is blowing past the weak october jobs number because all of the stuff we talked about at the top of the show. overall, a tougher week for tech, and, in fact, the nasdaq snapping a seven-week win streak. on deck is china, uninvestable? we'll be joined and lay out what is expected from the critical

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welcome back to "fast money." china expected to unveil a significant stimulus package next week. the announcement expected to come during its national people's congress standing committee meeting, that's the official name, which kicks off on monday. let's talk about all of it and why we care and make sense of it. dewardric mcneal, a cnbc contributor and expert on china strategy. dewardric, i can't tell you how many times i've said the words china and stimulus in the same sentence over the last 15 to 20 years. it hasn't seemed to matter long term. will anything matter this time for an economy that is so dependent on real estate and rates? >> it's a good question, brian. good to see you. listen, i think what we know is that there will be some significant announcement next week, probably november the 8th at the end of the national people's congress and the committee meeting. and i sort of look at this,

brian, sort of three ways. scope, scale and timing. on the scope here, i think, to your point, what we're expecting out of this package is something to address local government debt, which we know is high, and some support for the property sector. that's the scope. largely, what we've been saying. what i haven't heard a lot about is something to help the consumer. so that is a concern of mine. with respect to scale, scale, i think is where we may see a difference. there's been talk of $10 trillion sort of hitting the street at some point. but the final question, the timing, there's discussions about this rolling out over a period of time, five years. and, so, i think investors need to pump the brakes here, because this may not all come out at once, and it's likely not going to, what i consider to be stimulus, it's not going to be that. it's going to be more sort of addressing some of the

short-term structural issues in the economy. so not the 2015-style stimulus that i think most people think about when they hear this term. >> i'm going to do some really bad, like, live tv math. correct me if i'm wrong. >> i'll be the calculator. >> 6.7, so about 1.4, 1.5 trillion u.s. dollars in stimulus. sounds like we agree on that number. decar dewardric, that doesn't sound like a lot of money for a nation of 1.3 billion people. >> there are estimates the number could be as low as $4 to $6 trillion. and there are discussions about how that's broken out. so there's about six or so that will be borrowed from the central government to help with local government debt, about another four or so that local governments will use to buy up some of the excess property,

some of the land that developers had that they can't do anything with. so it's not going to be targeted in one specific area, so it could disappoint investors even more when you start to unravel the very specifics of this package. and, again, for me, i've been talking about this for a year and a half, you have to do something, in my view, to stimulate consumption. something for households, and i don't think that is coming. it may be a disappointment. i think something is better than nothing, but will this be what everyone is expecting? i'm not so sure, brian. >> dewardric, it's tim. it's always great to have your view. when i'm reading your notes, i see you saying that for the first time in your career the chinese people understand that these events, these moments have an impact on their lives. and back to your scope, scale and timing, seems to me the timing is such that right now this is a government that really -- i care less about the

scope and more that the policymakers seem to be scrambling. then i take it back to the markets and i think investors have pumped the brakes. i don't think investors are expecting anything. alibaba is up near $100. are policymakers -- i'm not saying they're scrambling, but it seems the frequency of these announcements, with your insights into they realize this matters to the population, who really, that's all they're trying to do is manage the population. and i would think this could mean something bigger. >> yeah, i think those are all great points, tim. i've been trying to talk about this more in terms of stabilization versus stimulation. this is not the big juice. but the party does realize, the government realizes there's a serious problem. and you have seen a shift in the way they think about addressing this. but, again, that only goes so far. we're not going to see that 2015

that we've been longing for, where they're just going to really over-juice and stimulate the economy. they're trying to do a lot with this package. we'll see what happens on the 8th of november when it's announced. i hope there's something in there for stimulating consumers. this is going to be a slow walk, tim. i think we're seeing the pace pick up a little bit, but this is still slow compared to the need, i think, and the urgency, my own personal view here. >> the big cap fxi had a nice pop off its lows, but still dead money for the last two or three years. dewardric mcneal, thank you very much. appreciate your time. julie beal, you've got a comment on china? >> i think for how many years have we heard that the chinese government is fixated and focused on driving consumption, and they are completely unable to do it. and i think were i a chinese consumer looking at the government increasingly being more and more unhinged, i would be less excited to be spending money. i would be concerned about my

own outlook and opportunity. and the thing that's really tricky for the chinese government, they just have an absolute distaste for the idea of dolling out checks the way we did during the pandemic. so i think until there is a meeting of minds there, they're not really going to be able to move the ball materially. >> i think there's a lot up in the air. obviously next week we have the chinese stimulus news, hopefully, but also we have the election. there's a question, will there be a differently amount of stimulus depending on the outcome of our election. a lot to see there. but i think when you look at this, about a month ago when you saw china move so dramatically in that short period of time, i think it's just a reminder of how quickly the news of stimulus coming out can move those markets. and the question is, when is it actually going to hit, how is it going to affect the consumer? when you're an investor you do have to be positioned before the news hits because it's hard to chase it after the fact. >> listen, i'll be here on monday and we'll talk more about

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all right, welcome back. we've got a little bit of good news around boeing, boeing stock up about 4% today. they reached a tentative, and that's a critical word, tentative deal with their machinist union. the new offer would include a 38% raise over four years, and either a $12,000 signing bonus, or a smaller bonus, but an included 401(k) match. union members, tim, are set to vote on the contract on monday. is the strike, i don't want to say crippling yet, but if it goes on longer, it could be? >> yeah, and i think we've had some moments where we thought it was settled two weeks ago or ten days ago. this is a company that's coming to the market and has raised a lot of money. i think from a credit perspective that's been good in the short run. the bottom line is, when you talk about boeing, when i've been excited about boeing over the years, this is a company

that's spun off a lot of free cash flow and that was part of the magic that was going to come back. the irony is look at airlines. they're now coming back and taking back what was theirs pro-covid. delta is soaring, up $60. there are a lot of industries in the transportation or hospitality place, and boeing, if they get through this strike, they have significantly more issues and the complexity of getting hold again of, really, their manufacturing. i believe in boeing and i think at this point we've priced in a lot of bad news. i wouldn't be a seller here. >> used to be almost an annuity in a way. they used to make airplanes, sell them and everyone wins. we've got to talk super micro. smia shares are going down after ernst & young resigned. they didn't fire ernst & young. ernst & young voluntarily said

we can't be your auditor, they fired the client. that sent the stock down 33%. fell another 10% yesterday and another 10% today. su supermicro, first half of the year, one of the hottest stocks in the world, is now officially down for the year. it's done 80% from its all-time high in march, just around the time, of course, it was added, karen, to the s&p 500, which kind of goes to our previous breaking news on intel. >> right. sort of be careful what you wish for. because the scrutiny for them, and ultimately being kicked out potentially would be a very bad thing for the stock. so i don't know how many times that's been in the wash in down days. they've got to find an auditor of some good repute who would do their audit, that's one. you've got to stabilize the business. if you're a customer wanting to buy a piece of equipment from them, you've got to think twice,

right? the third thing, the employees are probably feel uncertain and scared and probably not that productive right now. that's another thing you've got to fix. >> until somebody says, we are willing to take this on, we like what we see with the books? >> no, not for me. i do own puts, though. >> owns puts. all right, coming up, it is not just voting time here in the u.s. how elections in more than 60 nations around the world might impact your money. we'll go through each one -- no, we won't. we're back in two minutes. feel like they've arrived before they've left the ground. this is how business goes further with t-mobile for business. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for

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“popular! you're gonna be pop-uuuu-larrr!” can you do defying gravity?! yeah, get my harness. buy one line of unlimited, get one free for a year with xfinity mobile. and see wicked, only in theaters november 22nd. welcome back. this is the biggest election year in history. we say that, it's not our opinion, nearly half the world's population is casting votes for their respective leaders. how are these voters and investors dealing with economic stress and anxiety around election outcomes? well, cnbc's senior personal finance correspondent sharon epperson knows and we're very glad you decided to come in on a friday afternoon. >> i'm glad to be here. >> how are they dealing with it, besides maybe the occasional

adult beverage? >> exactly. principal financial group offer retirement plans and other financial products to about 68 million clients, institutions and individuals around the world. and i spoke exclusively with its chairman and ceo, dan halston, about how american investors are coping with pre-election jitters? >> as we look at the planned participants, they're not moving they're money. they're staying the course and they know they're well served to stay in a well diversified portfolio. >> now, since 2022, principal's global inclusion index has measured the financial inclusion of customers in more than 40 markets. this year the united states fell in the rankings, while singapore and hong kong held the top spots. halston says this is why. >> the u.s. is sort of what i would call treading water, while other countries, in particular those who have adopted digital

forms of financial transactions and enhanced their financial literacy, they're the ones making up ground. >> halston says that has been happening in southeast asia and latin america and that's why we're seeing the change in the rankings. >> so we had some news today -- we had a lot of news on for a friday, this is on the irs retirement fund for so-called super savers and 401(k)s. what did they do, why do we care? >> we care because people who want to max out their 401(k) contributions can contribute $500 more, up to $23,500. if you are older, 50 or over, you can do a catchup of $7,500. those that are 60, 63, they can put in $11,250. so the potential to have that in your 401(k) as you're approaching retirement is a big

one for super savers. >> later on when they can fill in the gaps they might have missed when they were younger. sharon epperson, great stuff. great advice. have a great weekend. >> for more on retirement planning strategies, sign up for sharon's money 101 newsletter series. scan the qr code on your screen. don't do it if you're driving. go to cnbc.com/money101. up next, you know what time it is. what time is it, tim? >> i believe there's a final trade, so don't leave your dial or move your dial. >> that was terrible. >> i wasn't expecting that tease.

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super quick final trade. julie, kick it off aon is an

interesting smaller company. >> you saw the division with exxon and chevron. i would take the exxon. >> i'll take the opposite, chevron. >> you look sharp today. i can't really figure it out. any, citibank, i think banks are going my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. mad money starts now. hey, i'm cramer. welcome to mad money. welcome to "cramerica." my friends, i'm just trying to make a little money. my job is not just to educate, but to entertain. call me, 1-800-743-cnbc ,