brian sullivan is on assignment today. let's get a quick check of the markets. we are pointing to a slightly lower open the dow off by 35 points the s&p by 5 the nasdaq by 1. futures pointing to that lower open after the dow closed below its 200-day moving average yesterday. first some breaking brexit news. the pound is plunging right now as prime minister theresa may's top brexit chief hands in his resignation. let's get to willem marx live in london with the latest dominic raab stepping down means what for prime minister theresa may? >> it means she's under a great deal more pressure in the last few moments another of her cabinet members has also just submitted her resignation after saying the deal you put before the cabinet yesterday does not honor the result of the referendum it doesn't meet the test you set out from the outside of your premiership. so you get a sense from that language how many challenges lie ahead for theresa may, both within her own party but also within the parliament behind me. in terms of her own party, if you have members of her cabin

for nightly business report, brian sullivan, moorstown, new jersey. >>> here a look at final numbers on wall street. aig rally, 545 point to the upside for the dow. the nasdaq rising 194. s&p 500 added 58. thattill do for nightly business report tonight. i'm sue hanera. for joining us. and we will see you tomorrow. >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, and kovler foundation, pursuing solutions for america's neglected needs. >> wow, that is unbelievable. ♪

morning a warm welcome to "worldwide exchange" live from london i'm wilfred frost sitting in for brian sullivanor the final time this week let's check in on futures. pointing higher. it's a positive move, as it has been for the last three sessions and continuing with some positive impetus around possible trade tensions easing with china. that's led to big gains in asian markets, which we'll come to in a moment the dow is up 185 points nasdaq up 18 s&p up 17 points we're looking at between a half percent and 1% of gains for the major indices. the nasdaq weighed down a bit because of apple, the top corporate story today. shares of the tech giant tumbling following its latest earnings report. they reported a beat on the top and bottom lines, but the company cautioned sales for the current quarter will likely fall short of wall street expectations apple announced it will stop issuing quarterly sales numbers for iphones, ipads and macs. down about 5% right now. let's bring in cyrus sum up the numbers we will get into the issue about not releasing the number for iphones going forward. earnings revenu

brian sullivan is on assignment.et's check on the markets futures pointing to, as you can see, a slightly lower open the dow jones off by 31 points the s&p by 6, nasdaq by 48 points on the treasury side of things, we're seeing a bit of movement on the ten-year treasury note yield, 3.12% 2.78 for the two-year treasury note yield in the energy market crude prices -- we've been talking about this idea of the downtrend in place, another green spec out there. wti at 57.28 ice brent futures, $67.68. turning now overseas, on the asia side of things, overnight we saw a move to the knee kaunia half percent to the down side. the shanghai composite up about a half percent in europe, broadly speaking a genuinely positive tone there. the dax up by a half percent the cac by a quarter percent the ftse 100 up by 0.1%. sticking with europe, the british pound stabilizing this morning following yesterday's massive drop uk prime minister theresa may says she plans to appoint a new brexit minister within the coming days. all of this come

morning a very warm welcome to "worldwide exchange" live from london today, i'm filling in for brian sullivane is filling in for me on "closing bell. let's check in on what the markets are doing this morning two days of gains in a row for the last two trading days of october. the only two days we did see that we got some decent gains to round off the month as a whole the s&p and dow up 1%. the nasdaq up 2% for the month of october still sharply down. it looks like a positive start so far for november. let's look at that wild ride in october we did see u.s. stocks rallying into the close yesterday, but the major indices seeing their worst month in multiple years. the dow dropped 6% in october. s&p 7% nasdaq down more than 9% the market turmoil not only felt in the u.s here are some global performances germany down 8%. china down 9%. japan down 11% so the rest of the world felt that pullback as well. let's see how markets are shaping up to start the month of november in general, positive in asia hong kong up nicely. shanghai positive. europe, early trade for you coming up right now. europe also

i'm brian sullivan now we'll do something different today.e'll kick off this hour in asia that's where the market action was overnight. hong kong and shanghai up more than 1%. south korea, not a decline, but a lot of green on the screen the hang seng in hong kong the bigger gainer at 1.3%. one reason for that may be some upbeat comments coming out of our own east tech west conference a major chinese private equity fund manager saying they believe the u.s. trade war with china is political but that it is also only short-term. that optimism helping on this side of the traffic as well. dow futures are up slightly, not a big gain up about 60 points now it is early. we could see movement there. asia up overnight. futures up overnight maybe some rare positive comments coming from this trade fight we're in more on that and your money in a few inutes topping your news, president trump stepping up his attack on federal reserve chairman jerome powell let's get to tracie potts in washington with all the details on another powell put down >> exactly in f

brian sullivan is out today. let's check the markets. a bit of red dow indicated to open down by 37 points the s&p off by 9 nasdaq off by 29 points after a massive rally yesterday. a huge move off the heels of that midterm election. the treasury side of things, the ten-year note yield is hovering around 3.22% two-year note yields, 2.95%. let's go worldwide we have the asian markets. they did see a pop there on some of the results that we had out in the u.s the hang seng in hong kong is up by a third of a percent. the shanghai composite off by a quarter of a percent on the european side of things, we're seeing a general amount of positivity coming out that's turned negative. the dak off x is off by 0.20%. the ftse 100 is just about flat on the session outside of stocks, here's a look at the global markets. wti crude a big focus for oil, $62.04 still moving lower, but we're getting a half percent pop today. the euro is 1.1411 and gold is at 1,223.50 an houn ounce. bitcoin is 6,453.35 per token there. >>> look for e

i'm brian sullivan let's kick off the second half of your show with your executive recap.he stuff you need to know in about a minute with frank holland. >>> you want to keep an eye on apple shares this morning. shares are down more than a percent and a half in extra hours trading. the stock slipping after president trump threatened tariffs on iphones from china. trump telling the "wall street journal" that he expects to move ahead with upcoming tariffs on china to 25%. >>> united technologies is planning on separating into three separate companies it is splitting up its aerospace, elevator and air conditioning businesses. united tech expects the separation to be finished in 2020. >>> and cybermonday sales hitting a new record yesterday's online sales are projected to hit 7$7.9 billion, up nearly 20% from just last year brian, back over to you. >> let's check the other top headlines outside of the world of money and business. phillip mena has that. >> happy tuesday to you. a major development in the robert mueller investigation regarding former trump campaign chairman paul

. ♪ >>> good morning i'm brian sullivan thank you for starting your day with us.e begin with a big developing story on deutsche bank german authorities raiding the company's headquarters and other offices in frankfurt, germany earlier today. dow jones is reporting that this is all part of an investigation into the bank's off-shor off-shore entities we'll have much more on this developing story and bring you the trade as it all develops throughout the day. >>> if you were looking for a follow-through to yesterday's monster stock rally, we apologize. you are not getting it, at least not right now. dow futures indicated down by 100 points s&p and nasdaq the same. what may have been lost in the stock talk yesterday was the move in bonds. bonds also getting bought. as bonds get bought, the yield comes down and the ten-year yield is sitting right on 3% look at that ten-year yield, 3.01 if we see a break below back into the 2s, 2.99, that would be, as we say, news. let's look worldwide asia not rallying on our rally the japanese market up, the hang seng and shanghai are

i'm brian sullivan happy thanksgiving eve here's how your money and the global markets are setting upheir day and give thanks because futures are higher right now. listen, dow futures are up 84 points this is not a giant comeback but the fact we're in the green may be reason to give thanks given we lost about 1,000 points on the dow in just two days. you guessed it bonds holding steady, about 3.08% on the ten-year. the bond yield had been a huge story most of the day, most of the year i should say, because that 3.25, we wereinflation. let's see if asia was able to come back at all and not really the nikkei 2.25 down hang seng up shanghai up. mixed trade there. overseas in europe, a similar story. again, we're up a bit here seeing small gains a bit of green on the screen, but remember we have been here before the last couple of days europe was mixed, too we saw the u.s. market slide as the day went on. outside of stocks, here's a global look at commodities and currencies oil, you heard the president yesterday talking about the price of oil he would like to see it lower. not happening t

brian sullivan is off today.t's stable for the time being right now if futures stay the way they are, you will see the dow open down by just about 10 points the s&p off by 4 the nasdaq off by 35 on the treasury side of things, more of that stability theme with ten-year u.s. treasury notes showing little movement at this point 3.14%. two-year treasury note yields ticking higher at just shy of 2.9% now that oil trade at one point early this morning we were plunging down for the 13th straight day. as you can see, we're seeing green arrows across the board. wti, 56.32 a 1% gain. ice brent crude about $66.59 a 1.75% gain let's go worldwide in asia, japan, the out-performer despite that nation's economy contracting last quarter the nikkei up about 0.2% germany reporting a slowdown last quarter gdp slipping 0.2%. elsewhere in europe you're seeing movement to the down side in those markets we're keeping a close eye on the currency market. today could mark a major moment for brexit negotiations. so we're watching those cu

"i" brian sullivan in for scott wapner backup your top trade is the thanksgiving eve minimum inny turnd for stocks for real >> announcer: are we getting to someone saying, is it safe to go back in the water? after this big selloff, how to know when the bottom is near plus, one bank's downgrade of another and what it says about the big picture for the financials plus the energy trade after a brutal six weeks for the sector. and retail picks on the eve of the shopping

i am brian sullivan. thanks for joining us.ngs off with that big breaking story out of japan. one of the world's most well known executives, nissan motors carlos ghosn is in police custody for alleged financial misdeeds he's accused of using company money for personal use nissan is expected now to fire carlos ghosn shares of nissan and renault are moving sharply lower the market is closed nissan is down 10% renault down nearly 13%. let's bring in nancy hungerford. we spoke to you at the top of the hour we didn't know he was in police custody but it sounds like carlos ghosn is with the police right now in japan >> he has been arrested. the initial reports said he would be arrested for what are believed to be an underreporting of the salary were underway. we now have more information from nissan that suggests not just the underreporting of the salary in fact, i want to bring up some of the lines from the statement that came from nissan just in the last hour. it is rather remarkable i should say. over many years, in fact, fed chai

i am brian sullivan. it is nice to be back with you after last week's wild ride, stock futures here indicating the likelihood maybe of another possible drop. the nasdaq is higher let's just call that flat. remember, despite that wild volatility we actually ended up on the dow kind of hard to believe. with that, the ten year yield a little lower right now it's quietly crept back up to the 3.20%. 3.25%, the yield number, everybody starts to watch, worry about interest rates and the markets. worldwide in asia, it was a decline. you can see a lot. that's the bond yield. china and japan falling. let's get to that. china, down 1.5% the hang seng down 2%. shanghai held up okay just down .4 of 1%. a lot of red in asia our futures a mixed trade. let's wrap this whole thing up because there is a lot going on. joining us from london is daniel morris, senior investment strategist at asset management daniel, i think what's kind of hard to believe and why we eluded to it at the top of the show is despite all of the vol

the ougaughts. >> no one explains that better than you brian sullivan in corpus christi. >>> when wey, deflect. facebook is under pressure after a bombshell "new york times" investigation. we got details on that >>> plus, one of the authors of the ground breaking report, cecelia kang of the "times" will join us. dow down 260 as 10 downing says they will have a statement from n stn meooeaerti we're back in a moment i wanna keep doing what i love, that's the retirement plan. with my annuity, i know there is a guarantee. it's for my family, its for my self, its for my future. annuities can provide protected income for life. learn more at retire your risk dot org. you ok there, kurt? we're about to move. karate helps... relieve some of the house-buying... stress. at least you don't have to worry about homeowners insurance. call geico. geico... helps with... homeowners insurance? been doing it for years. i'm calling geico right now. good idea! get to know geico. and see how easy homeowners and renters insurance can be. >>> the tech wreck rages on and one veteran tech investor says there's

. >>> i am brian sullivan. there's so much to do today. we begin with a story that's front and center, the midterm elections. this is not just a political story. hundreds of billions, if not trillions may move around with a different congress bob is tracking the money flow dominic breaking down the street and looking at what group of stocks could get a lift. john harwood on the state of play right now let's begin with bob on the floor of the nyc with the election money flow. >> lower volumes today but still up despite the concerns with fang earnings are a real issue and will be well after the elections. take a look at sectors energy getting a boost early on. gas prices up. health care doing well consumer staples rallied that's one of the reasons the market did well. amazon consumer discretionary is a problem. amazon, facebook, google, the president implies he might be looking into anti-trust violations and we've had disappointment with apple on its guidance and the downgrade we talked about big oil, nice day overall. natural gas up strongl

for nightly which is, brian sullivan, midland, to be. >>> obviously when the grows many businesse benefit. that's one of the reasons the cruise industry is firing on all cylinders. in fact royal caribbean is making a bet that the will continue spending with the recently opened newport in miami. seema modi went to check it out for us. >> reporter: as more baby boomers reti, the cruise industry is expecting a strong upturn in 2019 with a record 17 shipts set to debut next year. th problem is there is not enough capacity at the ports to accommodate the new shops. royal caribbean is taking matters int its own hands. launching a state of the art terminal. making it the first cruise line to a buildnd launch a terminal in port miami. >> this was a $250 million expeiture. but is -- it will pay back fairly nicely in terms of guest satisfaction, in terms what have it does for the community, and also our operating costs on a per passenger basis endsp beingess. the net to us is a slight o improvement t the bottom line. >> royal broke groun on terminal a last year. 2,000 ld employed construction worke

brian sullivan is in corpus christi, texas, for us tonight. >> the gol ar tundra ship sits behind us here in the harbor in rpus christi, texas. but it kicks off a newf wave american exports. this is the 15 billion liquefied natural gas export facility. the first purely export facility in the lower 48 states not t last. right now there are plans to build 20 so lng the export facilities in america most in this area. we asked the ceoe if thought the industry was moving too fast. >> what i worry about is that we don't build fast enough. so our customers have an incredible demand growth forecast. so in china's case, they're growing demand by 50% a year. so if we're not there to philamena need they're getting it somewhere else. >> america is currently the sixth biggest exporter of natural gas in the world. but experts predict we could jump to second in five years because the united states is kicking off so much from the shale o boom. this facility is built by bechtel the private massive building company we spoke to thd ceo a asked him if he thought the ambitious plans with would tually hap

brian sullivan, what do you have coming up?stal diner in toms river is just opening up we expect it to be filled. this is one of those races that is still not called. this is ocean county, new jersey the republican incumbent up by 2,300 votes, but a few thousand left to be count hopefully we could get a ricisionibility thi ibilitabout distct of new jersey it's your money, your vote, and we'll have pancakes. we're back after this. ♪ ♪ ♪ ♪ what if we could turn trash into money? plastic bank is doing just that, by exchanging plastic for digital credits redeemable for everything from food to education... powered by ibm blockchain. when you understand the potential of new technology, you can put smart to work. >>> good morning welcome back to a special edition of "squawk box." let's start with the response to the midterms in the markets. we'll start with u.s. equity futures. investors waking up to a divided congress the democrats gained enough seats to take control of the house of representatives house minority leader nancy pelosi

brian sullivan is at the brand-new liqueification facility in corpus christi and energy ceos from around have been there, as well brian, what is going on? >> i mean, right behind us is the ship that will carry that first load out, bill you talk about it. wilbur ross, secretary ross and the governor will join us live in about 45 minutes. over there sell braying, widely celebrating the opening of a natural gas facility because this is the first export facility built from the ground up to be an export facility in the continental united states. not one that was converted from an import facility we talk about the shale oil boom all the time this is an offshoot of that. when you drill for oil, you get natural gas. the country is awash in natural gas. the world needs natural gas. companies have come together and said, let's fill that need however big you think this might be, it's probably bigger with the opening of this facility today there are now four export facilities however, 12 more that are in project status and five others that are in prefiling status so, in other words, four now with th

cnbc's brian sullivan here is. brian massive losses over the past couple of days. so why are we in the green today? >> you know, it's cold comfort, chris. by the way, happy thanksgiving to you. >> happy thanksgiving. >> over 100 dow at the beginning, but we've lost nearly a thousand points last two days. it has been very, very difficult sledding out there on the markets. really, i could throw a dart and hit a reason as to why the market is selling, whether it's the fed raising interest rates, fears of an economic slowdown, concern about the uk's brexit, the trade fight with china. whatever it is, it doesn't matter. we are seeing the markets come down overall. today we are back up historically as ron knows this is generally a time to give thanks. the stock market tends to rise historically between thanksgiving and the new year. but guys, with everything going on in washington, d.c. and around the world, i don't know if history is any guide right now. >> well, that's the other thing, ron. because one of the things i learned over the course of this last year and a hal

is and how you can profit as "worldwide exchange" rolls on >>> welcome back happy friday i'm brian sullivan off the second half of the program with the top stories you need to know about with frank holland >>> shares of disney moving higher the company reporting a record profit last quarter thanks to the strength of its studio business disney alsoannouncing its streaming service will launch late next year. >>> procter & gamble is looking to make some changes they will reorganize into six smaller business units each of those units will be broken out by product category we'll hear from the ceo later this morning. >>> yelp shares plummeting this morning. revenue numbers falling short of analyst estimates. yelp issued weak guidance for the upcoming quarter brian, back over to you. >> that's going to be the disaster of the day. that stock down huge this morning. let's check on the other headlines including a terrible situation in melbourne, australia overnight. frances rivera has more on that. >> one person is dead and two more were injured after a stabbing spree in melbourne. witnesses say a kn

i'm brian sullivan we have all the stories you need to know to make you smarter today.rank holland has that >> here's what's leading cnbc.com right now. >>> under armour telling employees it will fix its corporate culture after the "wall street journal" reported that under armour allowed employees to charge strip club visits to corporate credit cards. the ceo says the story was tough to read, adding that it was not the culture envisioned for under armour >>> toyota shares trading higher in japan the company raising its full year profit forecast citing a weaker yen >>> shares of some of apple's biggest suppliers in asia are falling sharply today on a report that apple told them to cancel plans for additional production lines for the new iphone xr. brian? >> here's how your money and investments look right now stock futures are flat to slightly down. traders and investors waiting to see the outcome of today's election yesterday we had a 200-point valley despite apple down. in asia, japan was up. and in europe, slightly lower across the board >>> let's talk more about the

brian sullivan live in toms river, new jersey, with more on that hi, brian. >> reporter: hey, tyler.ten, it's kind of the tale of two economies. you've got the economy's good, but not good enough for everybody, or the economy is really good, and even if you don't like the president, don't screw it up. those are kind of the two messages here in the third district of new jersey now, we don't talk a lot about new jersey politics, but this race right here is maybe the most important in new jersey and maybe one of the most important in the country, by the way it is a statistical dead heat across a number of different platforms. kind of cuts like a middle across charlie brown's shirt, across new jersey from burlington county to where we are right near the beach here in ocean county we talked earlier today to both the candidates, andy kim, the democrat who worked in both, by the way, the republican and obama administrations, coming out and saying, it is the economy, but it's not good enough for everybody >> while the stock markets have been doing well, we live in a time when 40% of american

i'm brian sullivan. the dow is lower at this hour but happy friday any way.he dow is still aiming for its best week in two years. you got better than expected manufacturing data that is helping the broader markets and barring any kind of major selloff over the next few hours, the dow is set to end higher for november. the nasdaq hovering around bake even. it has the shot at breaking two month losing streak. oil sliding again. watch out. crude oil headed back toward that $50 a barrel mark and check out three stock movers right now. you got delta, under armor and eco lab all rallying hitting new highs. >> we want to get straight to the big story that's driving the market today and that is the g20 summit our eamon javers is live in argentina. steve liesman on why the fed is almost twice as worried about trade and tariffs than they were just six weeks ago. we begin with eamon at the g20. >> reporter: i want to bring you more clarity now on this muhammad bin salman/donald trump meeting that you heard the president being asked by reporters what he discussed during

brian sullivan joining us with a preview.>> reporter: coming up after the break, we're going to tell you what that ship behind us is doing that has never, ever happened in the history of the continental united states. the global energy race for dominance is officially on as of today. that's all coming up next. >> announcer: time now for today's aflac trivia question. how much on average do households spend on food in 2017 the answer when cnbc "squawk box" continues aflac!? no-good break. gooood break. the answer when cnbc "squawk box" continues households spend 2017 the answer when cnbc "squawk box" continues different kind of sick. if i can't work after surgery, how am i gonna pay my rent? all these bills? aflac! oh, aflac! and they pay you cash in just one day. see how aflac helps cover everyday expenses at aflac.com. you still have service? call the insurance company sfx: [phone ringing] it's them, calling us. it's going to be a week before they can get through on these roads shhh, sorry, i didn't catch that. i said ask ho

. ♪ >>> good morning i'm brian sullivan we have to begin with money and markets after yesterday's 600oint drop on the dow. futures are up 55. listen, it's early anything can happen. most major indexes down three sessions in a row. technology was a big story five sectors are in correction that means they're down 20% from the highs what about the bond market are we seeing that flight to safety sell stocks, buy bonds, all you want is that safety for your money. ten-year yields alt 3.16%. that's not that high generally bonds are going up, yields come down 3.16, that's a level to watch. let's go worldwide now it was ugly in japan overnight the nikkei down big. the nikkei down 2% hong kong did come back a bit with the shanghai. it's a rough go for the japanese market the european trade, they're live early in europe we're seeing the moves and a mixed market maybe a little good news here. but it all comes down to our futures. you also have to watch oil falling again right now. if it falls today, it will be the 12th straight negative session for crude oil. already, by the way, crude oil on the

i'm brian sullivan hope you're having a great friday wherever yo

i am brian sullivan. thank you for starting your week with us. here's how your money and the global markets are setting up the day and week dow futures down 33. i mean, almost knock nasdaq futures are higher. we will call that a flat morning. one of the big stories though today is oil saudi arabia saying the world's oil markets are well supplied and is now talking about potentially cutting output we're going to take you live to a big oil conference in abu dhabi. the asian markets are recovering japan and asia higher. china barely shanghai up 1%, south korea was down just a bit. let's talk about one commodity you use every day in some form, oil. prices rising a bit. saudis talking about cutting output after racing it got more on that? ceo of commerce street capital how quickly things will change they don't want $60 oil. they want 70 to $75 oil and i'm talking about wti here. >> yes, i do, brian, good morning. i think you'll see cuts from russia and others as well. i don't think the supply problem is going to go away. >> they call that ropec, opec

i'm brian sullivan it's a tough day for global stocks and your money already.retty much everything on the tape everywhere is lower right now. dow futures indicating another triple digit drop. down 161 in dow futures. s&p and nasdaq are down. keep in mind if we lose another 1.2% ondow, it will turn that index negative for the year ibm,goldman sachs and caterpillar down 30% from their one-year high. bonds do continue to get bought. if you wanted to find a little upside, yields are starting to come down, so credit should stay relatively cheap looking for any glimmer here similar story in asia where we are seeing the asian markets fall the nikkei down 1% the domestic chinese market, the shanghai composite losing 2% it's down 30% in a year. as you might imagine the european market as well, kind of a similar story. a lot of red on the screen we are seeing the european markets down not as much as asia. if you want to find some of that silver lining, but there you go. a lot of red across the board. let's try to make sense of this and where we may be headed and bring in

i'm brian sullivan hope you're having a great friday wherever you may be here's how your money and the global markets are setting up their day. stock futures not giving us indication on where things will go we are down about 24 points. early trade. things have time to turn around. more on the markets and your money coming up. first your top story president trump arriving in argentina overnight for the g20 summit he is expected to hold a face-to-face meeting with china's president xi jinping we have full team coverage as always of this high stakes visit. eamon javers is live on the ground in argentina eunice yoon in beijing and gordon chang is on set to break down what is likely to happen eamon, take us through what we can expect over the next 24 to 48 hours >> good morning. let me take you through what you can expect in the next 24 to 48 minutes here first we saw the two leaders of the summit arrive last night, president trump and president xi jinping arriving late last night. president trump is now expected any moment now at the pink house, which is where president macri of argentina

hello and good morning from wherever in the world you may be watching i am brian sullivan. hope you have a had a great weekend or evening if you're in asia oil posting the biggest weekly loss in three years. things are looking a little bit more optimistic on this monday morning. dow futures up 262, s&p and nasdaq futures are higher as well oil, as we've said, remains a huge story last week up a little bit. wti crude up nearly 2% it's at $51.31 a barrel. no doubt president trump loves it no doubt the market likely hates it because of all of the debt that is tied to the oil and gas companies. more on the markets coming up in a bit. first, today is expected to be the biggest shopping day of the year online. this could soon all change because now adobe says that last friday alone pulled in a report $6.2 billion in online sales a nearly 24% jump from one year ago. that huge spike in online sales means it's go time for a little company you may have heard about called amazon.com. contessa brewer is live at an amazon fulfillment center in new jersey >> reporter: hi there, brian i'm

joining us now, ron insana and cnbc anchor brian sullivan. last few weeks, as the markets have gone volatile, when the markets go down, the presidents have vi ssd voters. then when the markets go back up, he said, it's all me baby. we got the great job numbers on friday. but where does that leave us? the truth is, the markets aren't that tied to the president. >> the fact that presidents throughout history of both parties have taken way too much credit for how the stock market is done. the stock market goes up over the year anyway. if we cook dinner, if you don't like it, it's your cooking, if you don't like it it's my cooking. the stock market has been volatile. suggesting they were getting close to some kind of a trade deal with china. didn't last long. the pop didn't last long. i think the market is going to remain flat. the market didn't do anything for about 15 months. it literally vacillated in its own range. we're seeing maybe a mini version of that ahead of the midterms tomorrow. >> the president not talking about the economy has broa

"i" brian sullivan in for scott wapner backup your top trade is the thanksgiving eve minimum inny turn around for stocks for real >> announcer: are we getting to someone saying, is it safe to go back in the water? after this big selloff, how to know when the bottom is near plus, one bank's downgrade of another and what it says about the big picture for the financials plus the energy trade after a brutal six weeks for the sector. and retail picks on the eve of the shopping season the "halftime report" starts right now. >>> and it is good to have you with us on this wednesday here now to debate and trade some of the biggest stories of the day are what we call the fab j-5 university ofmy in joe jim laughen that will. john najarian and jenny harrington ceo appear portfolio manager at asset management np i have heard of g 5s because you fly around in one, john the dow is up right now. up 0.7 up 163 points. we take it s&p up a%. nasdaq up a% energy up 2.5 with the russell leading the way. there you go, guys yeah, i guess -- i guess josh brown we'll take it. we were down a thousand points the

. >> this year i'm looking forward to the respite i will be thankful i will be thankful brian sullivan pointed out the shares of our parent company are up >> month to date >> and a respite will be welcomed the market can't go down tomorrow that's tru >> that's true it's not open. >> today we will trot out our coverage about how to do turkeys and the video we show will be about as fresh as romaine lettuce. my dad ate a caesar salad and ate some news and threw it out the fda is saying throw out any romaine lettuce across the country. >> i went to a dinner last night, there was lettuce on the table, nobody touched the lettuce. >> e. coli for being everywhere, you don't want it on your food >> right right. >>> let's get back to the markets. let's get technical analysis on the volatility we're seeing and find out if there's light at the end of the tunnel. joining us is andrea cramer. and gary bradshaw joins us also what do you think, andrea? what signs are you seeing to tell us where we stand in this situation now? >> so there's been a lot of talk about the s&p 200-day moving average, which

. >> should we go full brian sullivan he's udderly huge. e hoof itout of here. >> you're really milking it. >> i hope you're watching this right now. >> keep going. brian is on line one anyway, he's a cutie pie he's got an enormous following on social media and his owner was unaware of it. he doesn't use social media, so he kept getting random calls and e-mails. >> knickers is big. >> big knickers. >> thank you very much. >> see you, sue, you better get out of here. >>> coming up on the show, t minus two days until the g 20 meeting. will the u.s. and china finally reach a deal on trade? a look at what's at stake and what investors and businesses are ehoping to hear power lunch is back in two minutes. >>> welcome back to power lunch. a big rally on wall street following comments from fed chair jerome powell suggesting that interest rates are near their neutral level. the major averages are having their best day enthrin three wes the dow is up by 520 points, up 2% the nasdaq is also up. technology stocks, one of the etfs that watches those nam

jane wells has a look at the record number of women headed to congress brian sullivan is live in morestownjersey, where the race is too close to call. brian, let's start with you. >> reporter: you mentioned the stock market, by the way, a lot of folks we talked to earlier in toms river, near the motion, we're here in morristown across the river from philadelphia, have all referenced the stock market and the economy they've referenced it, but it is health care the number one topic of conversation, the number one thing on voters' minds as they came out of the exit polls and to your point, this race yet to be decided we've been talking to people all day yesterday and all day today about what they care about, how they were planning to vote listen to what david had to say about health care as the reason why he voted today >> the medication that i take to keep me alive to keep my cancer in remission costs $9,000 a month. i am covered with the affordable care act if the republicans are to monkey around with that much more or god forbid, take it away, i won't be able to afford the medication i nee

cnbc's brian sullivan. what does it look like? >> eh. technical term.her way. maybe apple sales, the iphone, are going to slow down because a supplier apparently cut orders. decline for the dow jones industrial average. why don't we talk about amazon. about a year ago, amazon said we'll have a second headquarters, 50,000 people. 200 cities put their names in. amazon announced it will be combination long island city and crystal city, but it's arlington, virginia, outside of d.c. equally split, 25,000 people in each. it wasn't that price is right moment. you know, a new car. but it's going to be split in half. a lot of tax breaks. we don't know how many. even congress people don't know what amazon offered apparently. >> we heard new york senators concerned about this. they don't know what kind of jobs it will be. brian, thank you. all right, got a few minutes left here, joe, how about some final thoughts? >> well, final thoughts, i mean, let's stay positive. martha mcsally, dan crenshaw, some other republicans showing the way forward for, mike barnicle, a