it's 5:00 a.m. here at cnbc global headquarters. welcome to "worldwide exchange." here's your "five@5." futures are higher as markets maintain the omentum. all three indices with the best day in years. trump and the red wave. few races undecided leaving the policy path in question. world leaders are congratulating trump on his victory. that includes xi jinping. we go live to china to see what

it means. and turning attention from the election to the fed. could the new political picture put the brakes on future cuts? lyfting off. shares are surging on the back of quarterly results. it's thursday, november 7th, 2024. you are watching "worldwide exchange" here on cnbc. ♪ good morning. thanks for being with us. i'm frank holland. let's get you ready for the trading day ahead. we start with the stock futures with markets coming off the monster day after the victory by donald trump. the dow looks like it would open 90 points higher. nasdaq moving higher as well. the dow and s&p notched the best day in two years gaining 3.5% and 2.5% respect toughly. its best day since february of

2022. right now, you are taking a look at the big moves so far this week. the dow is up 4%. the s&p up 3.5%. the nasdaq the best performer up over 4%. we also want to dig in to what led the action yesterday. that includes the financials. the best day in two years. leading sector yesterday. you see over on the left, financials up almost 6.5%. we saw industrials and consumer discretionary up to an all-time high. the russell 2000 up nearly 6%. its best day since november of 2022. you are seeing the big moves. if you are an investor, you play the iwm etf. up over 8.5%. again, huge moves for small caps. russell up 8.25%. we also want to look at the tran transports. the index hitting a 52-week high.

week-to-date up. hitting an all-time high. big moves following the election right there. more on that sector performance coming up. the bond market. investors turning the attention to the fed decision today. let's start with the benchmark ten-year. right now at 4.42. we have seen bond yields rise as part of the quote/unquote trump trade. also important to note the two-year is well above 4%. the long bond is moving higher as well. remember, this is a read on inflation expectations. many of the president-elect's policies seen as inflationary. we want to take a look at oil right now. oil, as you can see, under some pressure. wti rucrude. down .75%. brent crude, the national benchmark, down almost .50% and falling back below 75 bucks a

barrel. that is a key sentiment level when it comes to brent crude. we want to look at bitcoin, the dollar and gold. bitcoin surging on the post-trump election rally. gold actually, the orange line, easing a bit. this is a safe haven asset. we have certainty now. we know who won the presidential election and the senate. questions about the house. something we'll also talk about. we are seeing gold pull back a bit week to date down 3%. also seeing the so-called trump trade. we check the asian markets. the nikkei falling .25%. the hang seng up 2%. the shans ghai is slightly up. we want to check the trade in europe. the ftse 100 pretty much flat ahead of the bank of england

meeting. the dax. germany is the biggest economy in europe. best performer up 1.25%. the cac 40 and ftse mib up over .50%. that is the money set up. let's turn our attention back to the markets with the trump gains from the trump victory and investors are waiting for more clarity if republicans will gainful control of congress. traders will focus on the fed decision this afternoon and what signals jay powell may give about monetary policy coming up in 2025. joining me this morning is anna paglia at state street global advisors and also joining us is tina fordham at fordham global. ladies, good morning. it is great to have you on. anna, i'll begin with you. we saw financials out perform with less regulation with a trump administration. we saw bitcoin move higher with

the trump trade. do you believe there are more legs with the rally? >> hi, frank. first of all, thank you for having me. it is great to be here on a day like today because the markets are in full swing. you said it, markets broke a number of records yesterday. trump trades are in full swing. there were definitely a number of winners coming from the election results. the market by way of background, registered a post-election record. yesterday, we saw about $22 billion of new money coming into the industry. i want to remind everybody that the prior record that was $4.9 billion in 2020. so, a lot of excitement in the market. will were a number of winners. you mentioned that.

the financials are really leaning in on the expectation of less regulation. digital assets are also registers all-time high with the bitcoin increasing 10% yesterday. but we also saw positive flows in all relative industries. >> anna, let me interrupt for a second. you gave us two ways to play banks and bitcoin. one is kbe. the other is ticker dco. digital asset ecosystem. at we look at those two, how much upside could they have now we have certainty that president-elect trump will be taking the white house in january? >> frank, that is upside. i don't think what we saw yesterday is one day if hphenom.

not so much about the bank, but bitcoin regulation. trump in one of the rallies proclaimed himself as the new crypto king. that sent a strong message to the crypto industry. >> okay. >> so, i don't believe that this had news is just going to be a one-off. i believe this is the beginning of the trend. >> okay. >> definitely products on the upside. >> anna, both up double digits week to date. tina, i want to come over to you. some of the rally on wall street is due to uncertainty. we know who is the white house. republicans control the senate. the question is who well take the house. when you talk to clients over a red sweep or divided congress? >> as you know, frank, markets preferred a divided congress

because it puts a break or freehand on policy making. i still think the divided congress is the best decision with the market euphoria or concerns about how far he could go. having said that, frank, it is very much within the realm of possibility if not probability, it is a clean sweep for republicans. that is a result we haven't seen in the united states for a very long time. >> so, when we talk about the possible clean sweep, that scenario generally seen by many different analysts and strategists, including jpmorgan as raising bond yields. jpmorgan out with a quote/unquote, red sweep, that moves basis points at least 40 points higher. what sectors will your clients put money as opposed to equities

or bonds or corporates and things like that? >> so, my clients are global and what we are cautioning them is that the market euphoria may last for weeks or months, but we also have to, you know, accept that the market euphoria is at some point going to collide with the economic and geopolitical reality. the trump tariffs on china, 60%, maybe a bargaining point, but will hurt a number of companies. then the rate cutting cycle expectations are also going to be impacted. i talked to a lot of real estate investors and we can see that was one sector that didn't experience the same kind of positive momentum as others and that's clearly on the back of expectations that the fed is going to be ultimately concerned about the inflationary impact of some of trump's policies.

>> anna, coming back over to you. in addition to the election this week, of course, we have a fed decision and expected to see a quarter basis point cut. one space is the ticker spsm and insurance ticker kie. why are these two areas seen as benefitting in the current environment? is it based on fed cuts or less regulation from the election? what is the catalyst when it comes to these two in your mind? >> we have not heard anything during the campaign about fiscal policy. there is this lingering concern about tariffs and inflation. if you put all of these things together, you can see that, you know, there are certain asset classes and certain tickers that will be front and center in people's minds. >> anna paglia and tina fordham,

thank you. >> thanks, frank. time for the big money movers. we got loota lot of them this morning. qualcomm beats the fourth quarter and sales jumped 40%. you see shares up over 8%. arm holdings swinging to a second quarter profit with revenue rising which beat estimates helped by adoption of the a.i. chips. sh shares are falling. shares down more than 6%. don't miss a first on cnbc interview with arm ceo at 10:00 a.m. today. and lyft expects bookings for the fourth quarter and year ahead to come in ahead of estimates. shares of lyft this morning up almost 23%. make sure you check out another first on cnbc interview with lyft ceo at 8:40 a.m. on "squawk

box." coming up on "worldwide exchange," one word every investor needs to know. first, more on the fed's big rate decision today and why one thinks the central bank may not be so aggressive in its cutting strategy. we dig into president-elect trump's victory and what it means for key sectors, including manufacturing. why our next guest says this win ppt. provide much-needed suor and dan ives is here in stu studio and what the trump win means for tech. we have a very busy hour still ahead.

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welcome back to "worldwide exchange." leaders across industries are celebrating president-elect trump's victory. manufacturing saying it is time to get to work to ease challenges the sector faces now. let's bring in jay timmons. jay, great to have you here. >> good morning, frank. >> jay, let's get down to it. trump is the president-elect and take the white house in january. we have seen manufacturing contraction in the last few months. what changes in the near term? >> i think manufacturers were looking to 2025 and seeing the concerns of the cost of doing business in the united states as

the tax reforming of 2017 were set to expire for many of the provisions. so, we wanted to make sure that we could renew the provisions which were indeed rocket fuel for the economy and manufacturers were looking very carefully at the regulatory agenda. look, we had great progress with the chips and science act and policy propvisions of the i.r.a. some of the looming issues, as it were, were really causing a lot of concern and, and optimism of manufacturers dropped in the last quarter. to about two-thirds. we were seeing warning signs. >> jay, in all fairness, consumers are not seeing a great economy. i don't -- >> it's how people feel, right? >> right. sometimes people feel one way and reality is another. >> right. >> jay, i want to get to hard

facts. we are expecting more tariffs. we don't know the newspumber. either way, are tariffs a meaningful tailwind when it comes to manufacturing sector? >> well, it depends on how they're implemented, frank, to be honest about it. if they're targeted on specifi items that are relative to the china trade deal, the first phase of the trade deal in 2020, if it is targeted against intellectual property theft or issues like dumping or subsidy sags, that could be meaningful here to manufacturers in the united states. it could increase costs for business in the united states which would lead to more inflation and not good for the american consumer. so, it really does depend on implementation and the national

association of manufacturers will be at the table to make sure we can present all options and facts on the table as these considerations are made. >> give us a best-case scenario, jay. you mentioned you are at the table with the trump administration or at least expect to be. are yo you are expecting less corporate taxes and less regulation. what does that mean for u.s. domestic manufacturing and production and also employment of manufacturing employees? >> i think history is prolog. if you look at 2017 in particular, when the tax rate cuts went into c-corps, but s-corps, as well as regulatory certainty to allow manufacturers to plan with more certainty in the future, what you saw is you saw record investment in the united states, you saw record

job growth and record wage growth in the united states. that record would be consistent with what we see in 2025 and 2026 if there was a focus on keeping the cost of doing business in the united states as low as competitive as possible with the rest of the world. >> jay, i appreciate having you on today. you came on the day before the strike and came on today following the election. i appreciate your time and insight when we are looking at the manufacturing sector. great to have you on. >> good to see you. coming up on "worldwide exchange," we ivgo le to beijing for how xi jinping and leaders there are set for the second trump administration and the risk of new tariffs. stay with us.

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waystar. the way forward. welcome back to "worldwide exchange." we are turning back to the election. chinese president xi jinping congratulating donald trump on his win. the warm comments mark a contrast from the testy relationship between beijing and washington during trump's first term as he vows aggressive expansion on tariffs this term. eunice yoon is here with more on the victory. eunice, good to see you. >> reporter: good to see you, too, frank. xi jinping, as you said, did congratulate trump on his victory, but overall the response has been cautious. president-elect trump has promised to hit china with at least a 60% tariff when he comes in office and that could have a

damaging affect on the economy. there have been a lot of estimates out today from a 1% to 2.5% hit to chinese gdp. this tariff would come at a time when china has been really counting on tariffs or exports to really get them out of this sluggish period. in fact, october export numbers expanded at the fastest pace in over two years because of china factories front loading a lot of their shipments. at the same time, u.s. companies are also very concerned. i got on the phone with a couple of folks within the u.s. business community who say they are worried if the tariffs come in effect would be possibly disruptive to the supply chain. frank. >> eunice yoon live in beijing. eunice, thank you very much. for more on what to expect during the second trump administration, let's bring in

dewardrick mcneal. >> good morning, frank. >> dewardrick, i'm reading the headlines like everyone else. xi jinping congratulated trump on the victory and said the u.s. and china need to find the right way to get along. what does that mean in terms of economically? >> that's a good question, frank. i thought the diplomatic nice tys were a good point. she said specifically we're looking to have a relationship based on mutual respect and peaceful existence and win-win cooperation. i think for the economics, frank, i would love to see whether or not we would continue with some sort of economic management mechanisms like we've seen the bilateral economic working group which is designed to focus on the macroeconomics issues and financial working group which was designed to

really look at financial sector issues. that's really important in a relationship that has a lot of these tensions that you have in place some sort of management mechanism. i'm looking to see if that architecture is built in the first 100 days or thereafter, frank. >> in 2019, it was a surprise to win the first term and the policies and now certainly, they had a sense this could be coming. specifically the 60% tariffs. in your mind, is china prepared and are we expecting more stimulus from china? does that offset the tariffs or does it have the ability to offset the tariffs? >> i'll tell you, frank, china has domestic problems of its own which has little to do with tariffs coming that will add to their problems. we will see some sort of move here with respect to stimulus,

is what we're calling it, we'll see what happens on friday when we get the announcement. to answer your question, i don't think this has everything to do with tariffs. i think they may now that they know it's trump figure out if they need to dial up that number a bit. i think what we're seeing from china is a preparation for the worst-case scenario. they have seen this before. they know it's possible. the statement from xi, frank, says to me, they're looking, they're hoping, they're keen to maintain stability in this relationship for as long as possible understanding that may not last the thanentire four ye >> i want to get to the specifics. if they expand tariffs, would china do the same to the u.s. products and what dindustry is impacted? >> we should picexpect retaliat

tariff. we saw this in 2018, frank. in 2018, they targeted the agriculture sector very, very heavily. soybeans, of course, as you know, got hit. by the time we get to 2024, frank, we have a very different china and some of the tools in its tool kit. it's developed some other tools. entities similar to ours. also, frank, let's not forget jo china's control of the critical supply chain can have a real impact on some of our advanced manufacturing sectors. we will see what happens with evs. it's clear there may not be as big of an appetite as before. particularly for defense and industrial sector. there could be some real hit backs here with china. they have developed a good tool kit. >> a really good point. on the agriculture side,

dewardric, a lot of the american farmers are paying close an atte attention. always great to see you. thank you very much. >> thank you, frank. as we head to break, a check on super micro computer shares. they fell 18% yesterday on the back of earnings. take a look right now. down 1% in the pre-market. revenue falling short of estimates. be sure to join cnbc's living alpha investor summit this wednesday, november 13th. investors and leaders will convene to provide insight and analysis to help you deliver meaningful returns. to sign up, go to cnbcevents.com/alpha. we're back in just a moment. my other daughter. cancun! jamaica!! why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. can we get out of here? i thought you'd never ask. join 18 million americans

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and see wicked, only in theaters november 22nd. if inflation were to stay stuck and not be drifting down towards target, we could get fewer rate cuts next year. i think, so i think that will be a function of the outlook. if inflation continues to decline, i think the fed will certainly continue to adjust policy lower. >> and that was former fed vice chairman richard claret on cnbc yesterday discussing the longer term. the central bank is set to wrap the latest policy meeting today. largely expected to carry out a

25 basis point rate cut. welcome back to "worldwide exchange." i'm frank holland. first, let's kick off this half hour with the u.s. stock futures on the back of the post-election rally. still in the green. s&p up fractionally. dow opening up 100 points higher. we want to look at what led yesterday's action. that includes financials seeing the best day in two years. week to date, big upside moves for financials. big yjumps. industrials up 5.5%. consumer discretionary up almost 5%. the last two here hitting new all-time highs. we are seeing a similar story with the small caps. russell 2000 up nearly 6%. best day since november of 2022. here is the etf. iwm here if you want to follow

it. small caps seen as an election play and a boost from fed rate cuts. we'll talk about that in just a bit. you can see week to date, the russell 2000 up 8.25%. we also want to look at transports. they have become a new trump trade. you see big upside moves following the election. domestic production would increase in the u.s. if the tariffs are expanded. industrials -- excuse me, transports hitting a big move moving more products around the u.s. hitting a new 52-week high. the etf hitting a new all-time high hitting 6% for the weekend. more on that sector performance coming up. we are also looking at bitcoin, dollar and gold. this is interesting. bitcoin, trump trade, big upside moves following election. gold is easing a bit. gold is a safe haven. certainty easing gold prices a

bit. investors know who is in the white house and republicans have taken the senate. the dollar moving up .50% higher. trump media technology and tesla. you can see trump media and technology actually pulling back a bit right now down 15%. tesla pulling back. both got big jumps yesterday. 6% and 15% respectively. again, bupulling back in the pre-market. that is the money set up. let's turn to the federal reserve. jay powell and the latest policy decision today coming up at 2:00 p.m. eastern. the central bank expected to cut rates by another 25 basis points as the fed looks to recalibrate policy with the softening labor market. i'm joined by the federal reserve economist for the journal. >> good morning. >> i know the fed is non

political and stay away from politics. i have to ask you, does the election have any impact on the fed decision today or going forward? >> i don't think it has an impact today. i think the fed is going to cut by a quarter point as has been widely broadcast. it could have an impact going forward. we saw in 2016, the first time trump was elected, the december meeting following the election, they talked about it at length. they mentioned the election 72 times in that transcript. you can assume the fed is thinking about this and how it would affect the economic outlook. i think in the environment, they will be focused on how the policies that president-elect trump imposed might impact the inflationary outlook. a lot were marking down how many rates cuts they expect next year as a result of the election. >> we had richard claret on yet

saying the similar thing. it sounds like areyou are talki about tariffs. if you are the hfed and talking about the potential, how is it weighing with the job market and the price stability which are their two mandates? >> i think it is an important part of the price stability man date. we have inflation almost under control. spitting distance from the fed's 2% goal. core inflation is higher. inflation has been high for a while. i think that combination means there is a shaky foundation. if you get hit with big tariffs that push prices up, they see it as a real risk you could see inflationary pressures there. we saw this coming to fruition yesterday with the markets. i think the fed has to be mindful of that. they don't want to lose control of the inflation victory if they

are only just starting to taste. i think that is going to be a real focus for the fed. obviously, the tariffs are a tough thing to follow. they have to keep a careful eye on that. >> another thing is the rise in bond yields. we don't know if that is transitory. how do they view that? in your mind, do they see it as potentially offsetting some of the cuts they would have potentially made? the cost of capital is still higher right now even before the tariffs? >> market moves are always a complicated one for the fed because they absolutely pay attention to them. i think that is true in the near term, but it is obvious they react to thefact financial conditions tighten. that affects how the economy is growing. it does some of the work for them. the instance like this one, the

expectation is event based and unwind as people settle down. i think it's difficult to react to something like that. they don't want to make a big pronouncement and have everything change overnight. i would not expect to see any big reaction to this today. if it lasts or it is persistent or if we are here come december or january, that's a different story. i really think this is persistence of the moves. >> thanks. >>has. tnk coming up on "worldwide exchange," more on the trump trade and the post-election bump in transports. we could see some continue momentum. stay with us. they wear business sneakers and pad their keyboards with something that makes their clickety- clacking... clickety-clackier. but no one loves logistics as much as they do. you need tamra, izzy and emma. they need a retirement plan. work with principal so we can help you with a retirement and benefits plan that's right for your team.

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welcome back to "worldwide exchange." freight and logistics stocks are the latest trump trade following his victory. xpo and saia moved significantly higher yesterday up double digits on expectations that trade, tax and also tariff policy will boost the manufacturing sector which is two-thirds of the volume. rail out performs. they get a third of the volume from the freight. canadian pacific is levered to can canadian shipments. also led to a slowdown in the higher margin freight.

fedex and united parcel finished lower on fears that tariffs will be expanded and the so-called fast fashion from brands like s shein and temu. taking a look at all three of those stocks week to date. coming up, the one word every investor needs to know today and wedbush's dan ives is here on what it could mean for the sector. we'll be right back after this break. (vo) sail through the heart of historic cities and unforgettable scenery with viking. unpack once, and get closer to iconic landmarks, local life, and cultural treasures. because when you experience europe on a viking longship,

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cyclical sectors and financials and industrials led the s&p following the election yesterday, but tech and communications services are the best performers year to date. we are looking at the trump win with wedbush dan ives out with a new note on tech. also alex fishman who invested early in airbnb. alex and dan, great to have you both here. good morning. dan, i'll start with you. your new note says under a trump administration, you see more m&a under tech. why is that? >> i think it is a goldilocks

with m&a. valuation huberus. specifically with software cybersecurity. i have seen many on the private and public. it is almost like a tech prom. on both sides, no one is asking anyone to dance. now, this thing starts. we could see massive m&a under a trump administration in my opinion. >> alex, over to you. you are an early stage investor in pinterest and airbnb. following the election of president-elect trump, what does that mean for tech companies and private markets? before we heard valuations were under pressure. does that change now trump is taking the white house again? >> i think it is bullish for private companies overall. i think especially like spacex it is bullish for.

we have seen what elon musk can do under what has been an adversarial white house with a neutral or favorable white house, it will be incredible what we see. this is across the board in private markets. >> alex, we were talking off air. you call it the musk economy. we have the graphic calling it elon musk corporate many poor. a wide range of company. the boring company and x a.i. and spacex. when you look at the companies, in your mind, what kind of valuation premium do we now have under what seems to be a much friendlier administration now elon musk may be part of. >> you can see spacex and tesla are so big they helped trump win the election. i think with, you know, less regulation and ethos of building in the united states, we will see deployment of these extraordinary infrastructures at

a much, much faster clip throughout the country, but especially in the redder states that voted for him. >> dan, i want to come back over to you. your note says you will see more m&a under a trump presidency. we were together on election night. you were here in studio with us. we saw some of the stock surging. tesla, we covered that ground. you say there are other stocks. palantir and google and also apple you see as beneficiariben. >> this is a golden era for a.i. infrastructure. i think everything karp and the team are doing from the u.s. dod persp perspective. hyper scalers, microsoft, amazon, dpogoogle. this is the new era despite the china tariffs worries, a lot of this goes through cupertino with

tech and trump getting in and alex talked about, this is now the beginning of the new era of the bull market for tech. >> so, we've seen in some sectors a boost now there's the idea of less regulation. do you expect that boost longer term? the consensus is lieeina khan w no longer be at helm. >> with her out, it changes the landscape. the regulatory environment will be friendly with deals and m&a. in big tech, you will see them get aggressive with m&a, specifically with a.i. as the a.i. revolution plays out. >> alex, i want to come back over to you. i'm talking spacex and openai.

stripe, asle sleeping giant. does this lead them to come to the markets fast serfaster? what does it do to the companies waiting to jump in? >> i think we will see it open sooner now we have clarity about what will happen in the white house. i think as dan points out, m&a markets are open for business. we have a lot of friends who are incredibly excited to restart business in addition to the ipo that his are inevitable. >> i know you have a personal relationship with alex karp. you were an early employee. we will have to have you back to talk about it. dan ives, good to have you here. good to see both of you. thank you.

coming up on "worldwide exan,"chge the healthcare stock that is a post-election pop. we'll show you the mystery chart coming up next. stay with us.

welcome back to "worldwide exchange." as we close in on the 6:00 a.m. hour, here are the stories we

are following this morning. qualcomm doubling its profit. a standout from the quarter with sales surge. in hthe chip space, arm holding sticks with the guidance for the year. arm ceo speaks to cnbc at 10:00 a.m. and lyft shares up about 23%. the company expecting bookings for the fourth quarter and year to come in ahead of the estimates. another first on cnbc interview is the lyft ceo at 8:00 a.m. on "squawk box." following the big rally yesterday post election, you can see in the green across the board right now. the dow would open up more than 100 points higher. for more, let's bring in victoria fernandez at crossmark global investments. good morning. >> good morning, frank.

>> victoria, what is your word of the day? >> so, i couldn't come up with one word, so i created my own word. growmentum. if you look back over the year, growth and momentum out performed for the first three quarters of the year and continued to perform in october when we saw things shift around in the marketplace. i think you will continue to see them lead from now to the end of the year. we will have higher growth with president trump coming and the mag stocks coming to the front of the classroom and leading the market again. growth and momentum will continue to be strong factors. >> i was smiling as soon as you said it. i'll give you credit, but i love that. let's talk about the trump

trade. how much more legs do they have under them? let's start with financials. big pop yesterday with the idea of less regulations and the fed meeting with a quarter point cut. when we look at financials, how much more? >> i really liked financials all year. i continue to like them. i think there is still room here for, one, there is less regulation. we know basel iiih has been positive. like you said, with the fed meeting, what is the shape of the yield curve? we think it will get steeper. it is not just the two/ten year, but we're down to 13 or 14 basis points there in that spread. that's going to be positive for banks as well and the banks have good balance sheets. i think you have room to run there. >> we want to get to your picks. any concerns of the expanded

tariffs or the stocks you want to stay away from on the idea there could be an expansion of tariffs? >> i think when you look at tariffs, you have to separate it on china and everywhere else. the ones that affect china are pretty much a given once the new administration comes in. i would be very careful in the companies with large exposure there. for the tariffs on the rest of the world, let's see how that plays out. i'm not so sure we see as much of that as many people anticipate. >> victoria, what are your picks for today and why? >> obviously, you talked about qualcomm a moment ago. that is our pick for the last few weeks. if you want exposure to the tech sector, minus pe, this is a place to be with growing share and the hand held market which makes up 73% of the revenue. they have their new chip coming out. that's a good name for your portfolio. >> the other pick today is

cigna. that was our mystery chart. health insurers going forward. qualcomm and cigna. victoria, always great to see you. thank you very much. one more quick look at futures. as we mention edmentioned, the g to open up 110 or 111 points higher. the nasdaq more than a quarter percent higher. green across the board. that's going to do it for us on "worldwide exchange." "squawk box" starts now. good morning. dow futures pointing to a higher open. we'll get you ready for today's -- today's fed decision? >> yeah. >> holy cow. okay. some economic data. the balance of power in the house is still undecided. we'll have an update on the key races to watch as the vote

counting continues, but it's a good day to have someone from poly market on, sorkin. you're a stud. if you believe the poly market. >> that's the case. >> i'm not ever really to dismiss poly market out of hand how good it was versus the pols this time around. all across the board. >> it will be great -- this is the first interview. >> is it, really? >> first on tv. >> fantastic. moderna is set to report this hour. we will bring you the numbers and first on cnbc interview with the company's ceo stephane. it is thursday, november 7th, 2024 and "squawk box" begins right now.