dan suzuki is here to break down the crucial moments of the trading day, plus kristina partsineveloswelcome all. love your thoughts on the market action today it seems like we've been here a few times today, market sustained a little bit of a struggle in the face of higher yields, fears of the fed are we going to head into a recession or not earnings growth slowing down we may have found some kind of attraction, at least in the short-term do you think it changes anything about the overall direction of things market leadership, what it means about the implications for the economy? >> yeah, mike, good to see you i don't think it really changes anything for the medium to long-term story, but in the near-term i mean, you've been commenting on this as well you know, sentiment and position on the market did get really oversold in the near-term, so you know, of yoyou have this environment where earnings is coming in as expected, so pretty bad. we saw a similar dynamic last quarter where you got to rally, you know, on the back of, you know lack of, you know, things getting worse than expecte

. >>> welcome back to "power lunch," i'm kristina partsinevelos. peloton is firmly in positive territory as the company strikes a partnership with hilton that will see at least one bike in all 5,400 hilton branded hotels in the united states the majority of the locations are expected to have their bikes by the end of this year, and it's part of peloton's wider turn around efforts after peaking early in the pandemic. the stock though still down about 80% this year and hit a fresh all time low of 666. that's $6.66 in today's trade before rebounding. >>> thank you very much. there's a lot of talk about housing recession with mortgage rates spiking and sales softening, but according to a new survey, potential home buyers are upbeat about their prospects. joining us now is the analyst behind that survey john lava low with ubs i have to say, some of the numbers in here seem outlandish to me to be honest with you. 44% of respondents plan to buy a residential property over the next 12 months, the highest reading since the survey began in 2024. that's two o

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kristina partsinevelos has the story, and jeff kilburg has your trade today. kick it off. >> the positive thing is it has a lot of exposure to auto more specifically, 50% of the revenue comes from the auto sector, so that's the story they're telling analysts and the media, that that will help hem drive through this correction. you also add the fact that nxp has about 80% of its products. in the revision to the outlook you have a big correct the stock price, so they may start to lower their estimates that's what we'll be looking for for q4, as well as the full year. >> jeff, speaking of lowering, the valuation has also come down you think the stock has had ups and downs, but does look cheap compared to some of its competitors. >> to kristina's point, the exposure to automotive is its focus. but everything we want more of, is the world we live in, and nxp is deliver i know a lot of analysts out there from open higher, with the price targets, they're still over overweight, so i like this $38 billion semiconductor, because it's slight her different than owning the

kristina partsinevelos joins us from the nasdaq with the details. >> they make they silicon carbide chipsand today he announced a partnership to provide jaap war land -- the chips aim to improve efficiency. >> that efficiency is obviously going to help those cars go further, but it's also going to support their goal of being net carbon neutral by 2039. >> wolfspeed plans to build the largest fab or manufacturing hub in north carolina. that's a big investment. the $52 billion chips act will only go so far, which is why they and many other chip makers are requested financing from people like customers. >> they get an assurance of supply that's become a real positive thing for us, and this is project-based funding where different organizations are interested in doing some sort of private funding for us >> right now u.s. ev sales were 254,000 two years ago and expected to hit 2 million. that extra financing will help them capitalize on that growth >>> all right. we have seen chip makers get battered by weakness in smart doane, pcs, even industrial uses you have car makers around the gallon ju

second quarter with a $454 million net loss, not much looking brighter in the third quarter kristina partsinevelosory for us kristina >> well, intel is pretty much caught between a rock and a hard spot, it's been pushing for government funding, but dealing with a stock down almost 50% year-to-date, performing worse than the stocks, the semiconductor index. and this is a company that's highly exposed to pc demand. we've seen that drop dramatically it's losing market share to amd when it comes to data centers. there have been product launch delays, and you have the mobile ipo that just happened during these market conditions, you would think that the company needs a cash injection, even though the ceo denied that earlier this week, but why go ahead and partner with brookfield asset management to help fund your arizona fab lastly, quite severely, you had looming layoffs that the company is expected to announce either today or in the coming days. i did notice, too, the company has a dividend yield of over 5%, much more than all -- pretty much all of the other chipmakers out there. and there hasn't bee

for that we go to kristina partsinevelos. >> good morning.te at this hour. indonesian police are investigating over a dozen officers responsible for firing tear gas into a crowd of rioting fans causing a deadly stampede police say supporters of the losing team rushed onto the pitch after the game sparking panic and chaos. 125 people died with over 300 others injured, making it among the world's deadliest disaster at a sporting event. >>> ukrainian troops are claiming full control of the eastern logistics hub of lyman which marks the most significant battle gain in weeks this follows russia's vladimir putin proclamation that its country annexed a fifth of ukraine on friday in an illegitimate farce being condemned by the west. >>> swedish scientist winning the nobel prize for his research on human evolution it has key insights into the human system and brought to light the existence of an unknown human species from a 40,000-year-old bone fragment. carl, back over to you. >> fantastic thank you, kristina partsinevelos. >>> we'll stay on top of t

let's begin with kristina partsinevelos at nasdaq. kristina >> we have a second day of green, but markets are really clinging on to those gains down from the highs of the morning. all three major indices though are tracking for their first monthly gain since july. today's reversal fell in step with yields moving higher. for example, the ten-year treasury note just above 4%. and the better than feared earnings really helping momentum right now. goldman sachs up, look at that, up 2.8% after topping earnings and sales estimates. but did post a 43% drop in profit other financial names on the s&p 500 like bank of america, morgan stanley, charles schwab moving up in sympathy, but it's not the case for ally financial. its cfo is stepping down and morgan stanley cutting its price target for the company to $34 a share down from $39. home builder sentiment in single family homes fell sharply in october. higher rates are to blame, but the 30-year mortgage dipped slightly today, and that's helping names like lennar and kb home, up over 2% are you

for that we go to kristina partsinevelos. >> thank you, david. >>> more news out of the uk. jet, quote, released a missile near an unarmed british surveillance jet in september ben wallace said he communicated the dangerous engagement and russia is investigating what they call a technical malfunction. >>> a taxpayers group in wisconsin has asked the supreme court to block president biden's student loan forgiveness plan. the brown county taxpayers association directed their emergency request to justice amy coney barrett. the application for loan forgiveness opened on monday and the biden administration could begin processing requests as soon as this weekend. >>> a new study says gas stoves and ovens can leak harmful chemicals even when not being used a study from a nonprofit energy research group found at least 12 hazardous air pollutants emitted from gas stoves, including benzene. the w.h.o. has said there's rz no safe level of benzene exposure when it comes to cancer risks. of course, i'm one of those people with a gas stove. back to you. >> as am i kristina partsinevelos,

that's our kristina partsinevelos.p of the hour on "techcheck," a lot more on netflix. interesting levels 277 will be a six-month high, first time to the 200-day since january. that begins in about 20 minutes. don't go away. - yieldstreet presents: alternative investing with kal penn and older kal penn. - oh, the stock market is doing that fun thing again. - hey news from the future, you're going to live through that about 10 more times. (laughs) - oh, it's no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - ooh. i think some of my gray hairs just reversed. - yeah. you're welcome. - [narrator] become an investor today. yieldstreet: private market investing. we're told that success is all about making it on your own. the truth is... need some help? c,mon, get in. nothing great gets done alone. that's why there's shopify. with shopify, you can set up your online store; you can sell on social media; or, you can sell in person, with our point of sale system. it d

let us begin with kristina partsinevelos at the nasdaq for what is another good day for technology. >dow on pace for its largest monthly gain since november 2020. the s&p and nasdaq on track for first monthly positive since july stocks getting a boost from another round of decent earnings plus softening economic data which has people think the fed might down shift the tightening pace, a push into global government bonds after weaker european economic data the u.s. dollar is weaker, so that's helping sapp trading higher to coca-cola because of a beat on earnings or revenue. pricing power a major factor for a lot of companies right now ups averting the fedex disaster, higher shipping prices helped offset lower volume. kimberly clark and sherwin williams, other examples for today, the firms hike prices of course we await meta, amazon, apple earnings which are likely to drive markets given their sheer size and market cap. it's a crucial earnings season it will either expose negative underlying fundamentals, which could prove that the bearish tone was maybe overblown or premature. ryan. >>

earnings texas instrument, chipotle, spotify, all on the move we've got full team coverage kristina partsinevelos, julia boorstin, steve kovach, all dialing in diedra >> hey, melissa. well i would characterize this quarter as a disappointment but not a disaster the fundamentals continue to hold up better than that at meta and snap of concern though, there was further weakness in not just youtube, which was well expected, but there was search advertising business that came in lighter than expected and has been more resilient to softening this year that along with a stronger dollar hit the bottom line eps is 15% below expectations. that makes it the big earnings miss in a decade google's cloud was a bright spot microsoft saw a miss at azure. we'll have to see what amazon says this week as to how alphabet is thinking about next year in a recession, i just spoke to the cfo who said their capital allocation plans are on track while the macro climate remains challenging. the calls kicked off we'll be listening carefully and bring you anything that comes out of that. >> keep us posted. let's trade this

. >> kristina partsinevelos, thank you.ll close out as the worst performer on the s&p 500 this week, most losses coming yesterday after earnings disappointed and the planned spending on the metaverse rattled investors, but not all our next guest picked up some meta in the sell-off barbara durant joins us. the stock is down 24% this week. it's now down 70% for the year does this get too cheap for you? >> yes, actually, it has the valuatation starting the ye was 23, 24 times, now 13 times of course earnings have come down since then. unfortunately for those of us who also own it, it's the cheapest it's been since late 2015, so it has been quite a drop that i think is when you want to look at these things we were talking about intel and that investors like to see them investing for the future, which is what i believe meta is doing. they have 95 per95% of revenuesm ads and tay hey missed on that the other part that really spooked investors was that even though they were always going to be spending a lot, like $120 billion in ca

export controls, but the chip makers doing business in both countries are caught in the middle kristina partsinevelos with the ceos -- ceo of one of the company's global foundries. >> thank you joined by tom callfield. congrats a year since you went public and if you look at the three-month chart for the stock which is down 17%, intel we talked about it, up today but down over the same time frame 27%. you guys are up 20%. what gives >> first, thank you for having me i think our performance just doesn't happen we have 15,000 amazing colleagues around the world. we work 365 days a year, seven days a week, because that's what our business takes it's really a testimony to the team we have around the world. we're quite proud of how the stock performs. >> we can't talk about financials because you're in a quiet period, but i want to talk about expansion. that's been a theme. expanding in the united states, bringing back manufacturing here, decoupling from china. you region announced expansion for advanced notes and getting funding. if we were to talk about that for a second and the financing for it, it's t

kristina partsinevelos has more. >> well whirlpool shares put through the ringer after warning about a weak demand. they cut the full year guidance and said it would produce reduction volume by 35% in this current quarter. it is fully eps was slashed substantially to $19 from a prior range of $22 to $24 per share. so where is this weakness coming from north american sales were down 7% but it is europe and the middle east and africa that contributed to a 28% plunge in revenue and still not bad enough whirlpool ceo warned that, quote, we see these challenges persisting into the first half of 2023. shares are down over 4% in after hours and doan over 44% year-to-date. >> let's trade it. big ticket weakness. is that what it is about. >> it is also about inflation and so they see softening demand when you have a production cut like that, you can't be so efficient. you can run as well. so they're going to have obviously an earnings cut. i would assume big margin hit. still, the valuation 6.5 times earnings so go into this. this is a big cut. 19 from 21 or 2e62. but at a mid single digit mu

. >>> we're about two hours into the trading session, kristina partsinevelos has a look at what's moving on this first day of q4. >> we see stocks kicking off weekly gains after the worst september in two decades with three months left to go, the nasdaq is down about 32% year-to-date >>> tesla, though, today is the worst performer on the nasdaq because of disappointing q3 deliveries chinese e-commerce platform jd.com and ev maker lucid down about 2% right now lucid actually came back up, so only about 9/10 of a percent, but that drop could be in sympathy with tesla. micron, kla, intel all about 4% higher intel's self-driving unit mobile eye plans to go public on the nasdaq that's helping drive intel a little higher today. chips, nvidia and amd off 60% or more from their 52 week highs and lastly you've got shares of lodge tech lower the analyst noted high consumer exposure could leave the company vulnerable, and let's end with a quick check amazon, apple, google, microsoft all up 2% or more, but apple's still about 5% lower in the past week microsoft just hit a fresh 52-week low earlier t

kristina partsinevelos has been the call. >> we are not satisfied with the results, that is how pat gelsinger off. despite guidance falling short of expectations, the stock is rising so what gives in the pain may have been priced in. amd is stealing market share but they warn that enterprise is starting to slow and the inventory connection is not as quickly as forecasted. more in 2025, up to 8 to $10 billion and this is at the expense of employees he said on the call, these are difficult $decisions effecting our loyal intel employees and given they have committed $100 billion to build out fabs in the united states, it announced a partnership with brookfield investing up to $30 billion in the arizona fab and they would share in future revenue and today intel plans to add more of the co-investment deals. and lastly, intel treats fabs as contract chip makers and gelsinger saying that the new foundry business will help accelerate their transformation, mel. >> kristina, thank you. >>> and intel ceo will be on tech check tomorrow morning so check that out interesting. they seem to be moving more to

retailers that could weather the headwinds facing that industry, as we hover around session lows, kristina partsinevelos with more on that. >> well, let's talk about yesterday's short-term oversold rally not repeating today with hotter inflation dynamics a big theme. the nasdaq, we are as we head into the session, it's dropping more 2.67% on track to end the week in the red. we've got bell wetters like apple, amazon, and microsoft having the biggest impact. the tech sector dealing with the fallout related to rules on chip makers doing business in china this could amount to the biggest shift in policy towards shipping technology since the 1990s it has a trickle effect across all sectors or tech sectors and why chinese tech names like baidu, pinduoduo sell off today. the chinese etf suffering the longest losing streak since last april. then you have another hurdle for high growth stocks, 10-year yield we did see climb above 4%, higher yields can hurt tech firms with high valuation based on future profits. right now i've been going back and forth, only four names trading positive on the nasdaq 100 like kra

kristina partsinevelos has a breakdown of the sector. >> lam is up over 10%, but right now, china peersied chinese ministers had an emergency meeting, several emergency meetings to discuss the restrictions those china restrictions we're referring to are new u.s. export controls that aim to choke china of the ability to make advance chips premierly used to the military lam, like you mentioned, isn't alone in warning about the financial hit from the new rules. applied materials and nvidia have warned of at least $400 million in revenue hits in the next quarter some names say the impact is minimal, so we know it will cost these companies in lost revenue, but what about the unintended consequences for american chip americaers asml pointed out they have a few or they had few u.s. parts in their machines allowing them to continue shipping certain machines to china regardless of the u.s. rules. businesses could shift to other countries like taiwan or japan tsmc is considering japan because of geopolitical risk not the united states. lastly, if china can't make advanced chips they could focus o

what we should make of today's inflation number and the market reaction let's begin with kristina partsinevelosnasdaq where tech stocks are having a huge turnaround from this morning's low. >> the nasdaq is on pace to break six straight days of declines in a race that 3.2% drop from earlier this morning it's a guessing game for the catalyst and sentiment repositioning is a go-to excuse. let's talk about the mixed group of winners in the nasdaq 100 walgreens up over 5% biogen, and charter communications, all of those stocks up above 5% but the semi-conductor firms really leading the turnaround. you have lam, applied materials, micron, intel, all part of the biggest movers to the upside, 3% or higher. however, when you take a step back and look at the entire semi-conductor index on the nasdaq, all constituents are still negative on the year speaking of negative, chinese e-commerce names like jd.com, pinduoduo, zscaler, still negative those names have sold off over the past few days because of biden's new export restrictions to china and fear that further restrictions will continue to weigh on thi

kristina partsinevelos joins us, they went from a pause to a cut. >> intel's main business is pc processorsmand hitting a company low, they're forced to make some tough choices. intel tense -- they won't comment on the rumors, but thousands will be announce around the q3, expected to be company-wide with sales and marketing taking the biggest hit. i was just at that campus two weeks ago in arizona how he need to fill 10,000, and 3,000 new corporate workers for the foundries, so that puts them in quite a spot forms accept government money from the chips act so it can invest, to regain its prior leading positioning, while also cutting expenses, especially not sacrificing the world on the new products. so intel down over 50% toughly off 2.5 person, but the potential layoffs comes as the tech sector heads into the crucial holiday period this year, though? >> also a new structure and some of the factories, the one you were literally just in >> these are the chip manufacturers. they will work like contract operations, build chips not only for intel, but also for other chip companies previously in

continue to struggle, slowing demand, macro headwinds, shares not spared down big this year kristina partsinevelost can you tell us here >> let's start with the fact that lamm makes equipment and faces two hurdles ahead of earnings you have memory weakness which is across the board, memory chipmaker micron cutting expenditures by 50% in the latest earnings report for 2023 and chipmaker tsmc announcing a 10% cut for capex so that means less money spent on machines that builds the chips hitting lamm's revenues. the second hurdle the exports restrictions to china. lamm has higher than industry exposure to the memory market and sells chips to ymtc. a week ago lamm said it stopped supplying that company and stopped supplying the equipment needed to make the super high artificial intelligence chips to china. however, lam can sell equipment to other corporations based in china like samsung, tsmc, for the next year without a license. that's when we could see the impact from a year from now if they don't get the license these rules could mean a $400 million hit to revenue what will lam say after the bell t

kristina partsinevelos has been taking notice, as well and she is lhere with a look at what they're calling the bull case for tech. >> i want to reiterate your word, "trust," all three indices are now tracking for their first monthly gain since july. the nasdaq is up just under a percent right now. several bullish tech names stand out in recent analysis commentary we can be quick to forget. companies that have already guided lower, the conditions may imply for upside foreign exchange fluctuations are already priced in. bernstein says that the export ban on high tech chips only affects a small segment of chip maker revenue. and holiday season around the corner, which usually bodes well for buying of course, the fiscal policy, the fed, takes a while to be felt in the economy. the big question for investors watching right now, where should you look software and services hold up better, and you can see intuit is up 0.4% and microsoft is still more resilient in downturns, although that stock price is hovering just below the negative right now, just barely lower and not everything is a buy. semic

. >> kristina partsinevelos joins with us cnbc's money minute. >> reporter: let's start with how muchd vaccine. the drug maker will charge anywhere between $110 and $130 per dose once the u.s. government stops buying the shots. the drug maker believes they will continue to receive it for free throw through insurance. >>> apple has another update. the ios 16.1 update for iphone users with an iphone 8 or newer. it would allow iphone, ipad users even if they don't have an apple watch. the update will introduce clean energy charging that will help decrease your carbon footprint. >>> research suggest the youngest workers are taking the save for retirement message to heart. according to gen-z, they are stocking away 14% of their income for retirement. the overall share of workers who think they're on track is actually fallen to 63% from 68% in 2021. younger generations saving more because they know they can't aformed to get into the home market. >> some of them also still have the benefit of parents footing a lot of expenses. >> true. >> they want to retire at 35. >> i think there's an atti