cnbc's morgan brennan joins us now. good to see you.final step, was the the most important and also the most dangerous of the mission, coming back walk us through what happened. >> that's right. it was the most dangerous, which really says something when you realize this orion spacecraft launched on what is now the most powerful rocket to have ever flown, mach 32 that's how quickly orion came back into the atmosphere it endured re-entry temperatures of 5,000 degrees farhrenheit, about half as hot as the sun and it was testing the heat shield to make sure that astronauts, before they climb on board, are going to be able to withstand the heat there was a situation where the spacecraft dipped into the atmosphere and dipped out in the landing process. >> when you think of the engineers, all the people who worked years of their life on a mission like this, there were no astronauts on board. but there were some high-tech mannequins collecting data morgan, tell us about that >> there were. there were three high-tech mannequins they had names a

. >> and we do begin good tuesday morning i'm morgan brennan with scott walker carl, jim, and david have the morning off. we're looking at futures right now. a little bit of a mixed picture this tuesday morning holiday shortened week with the dow and the s&p both poised to open higher. the nasdaq down slightly right now now in premarket trade crude is higher. bond is higher gold is higher guys, i guess i'll start with you, bob it is a santa claus rally. but first i think we're supposed to start with our road map, right? it starts with china officially ending its quarantine for international travelers come january. the essential end to zero covid policy crude is moving higher on that news >>> southwest warning mass disruptions will continue after scrapping more than 70% of its flights on monday. the d.o.t. calling it, quote, unacceptable >>> it's looking like another down day for tesla on news on of an extended production pause we have details ahead. >> we do see stocks trying to rally on the last trading week of the year. as i mentioned, kicking off with bob poe sanny. it seems like pote

. >>> don't miss morgan brennan's exclusive with palantir's alex karp, the war in ukraine dow is down have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry. even a term policy. for cash, or a combination of cash and coverage, with no future premiums. someone needs to tell them, that they're sitting on a goldmine, and you have no idea! hey, guys! you're sitting on a goldmine! come on, guys! do you hear that? i don't hear anything anymore. find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >>> welcome back to "squawk on the street." rick santelli live at cme group with break news. let's start with the november ism services in

. >>> good friday morning, and welcome to "squawk on the street," i'm morgan brennan with scott wapner and mike santoli live from the new york stock exchange we're going to take a look at futures. this friday morning, this last day, this last trading day of 2022, we're poised to open lower. so much for that, i guess, early whiff of a santa rally we saw yesterday, with the dow down 151 points right now, the s&p in a position to open down 26 points and the nasdaq down 114 points our road map is going to start with the last trading day of 2022 major averages heading toward their worst performances in more than a decade. >>> plus a generational opportunity in fixed income. >>> and southwest hoping for stability. the airline saying it expects operations to return to normal today. >> all right, we're going to begin with the markets, though, on this last trading day of 2022 stocks are on pace for their worst year since 2008, the nasdaq, the biggers underperformer, down more than 30% on the year. we also have some new data today from cnbc's delivering alpha investor survey. when asked about th

i'm morgan brennan with mike santoli. at the new york stock exchange carl and david have the morning off. just getting a quick check on markets this wednesday morning modestly higher, the dow up about 49 points, the spp up .25%, 3839 and the nasdaq up about .4%. what's leading the gains tesla. other consumer discretionary names, other tech stops rallying, and health care and real estate as you have bond yields a bit lower across the board, mike. it is breaking news time, speaking of. we've got the housing market, pending home sales the national association of realtors says pending home sales fell 4% in november from october, declining for the sixth straight month we've got higher mortgage rates continuing to cool demands the measure of home sale contracts fell nearly 38% from a year ago mike, with my little false start right there, let's get your take on the markets as we see some of these areas like -- we're going to do three stocks that are moving i'm doing a bang-up job. >> 30 minutes into the trading session, we're wa

and we have morgan brennan and ben white. thank you for joining us. morgan, walk us through these numbers. 7.1 is still a high figure. we know that. what does it mean for our wallets? >> 7.1 is still a high figure. the way i put this is the war against inflation continues to be waged and certainly has not been won, and the offensive launched is beginning to have an impact. the fact that this is a second straight month where you see the pace of inflation growth begin to moderate, and 7.1 is still incredibly high, but we saw energy prices fall, and gasoline prices fell 2% in november, and that more than offset of what we saw rising food costs with food costs up 10.5%, versus a year ago. things like used vehicles where we saw huge price spikes because of the pandemic-induced supply chain disruptions, but where the bankers are focused, they are meeting for the next two days, and that has been harder in terms of prices starting to moderate and come down. housing, shelter costs, which is a big part of cpi registered and increased in this report, and we are s

i'm morgan brennan with mike santoli.e're at post 9 of the new york stock exchange carl and david are off markets are higher and the s&p is adding to the gains since the opening bell just 30 minutes ago. now up 1.25% the nasdaq is up 1.75% and the dow is up 268 points or about 0.8 of 1%. >>> we are 30 minutes into the trading sector here are the three movers, including tesla, after snapping a seven-section losing streak yesterday. morgan stanley, the latest wall street firm to cut its price streak target. analysts go to $250 a share, while the firm cut the price target, morgan stanley says the d rating creates an opportunity. the shares are up 7% then it was announced spinoff ge health care will be added to the s&p 500 when it begins trading as a separate public company that happens on january 4th. ge health care replaced vornado realty trust holding up better than the broader market so far this year. >>> finally, we continue to follow the meltdown at southwest. we'll talk to the ceo of booking holdings in just a moment a

morgan brennan as well joining us from northrop grumman's site 24 ahead of the company's unveiling ofll have more on that. first, a quick look at the markets. kind of where we started trading about 30 minutes ago much of this -- almost all of it, perhaps, a result of the 8:30 jobs report where the expectations were exceeded in terms of the 263,000 jobs that were added >> exactly and bond yields higher stocks lower here are three big movers we are watching marvell technology falling share is off 7%. zscaler, another name slumping post-results down double digits around 11% timely keep an eye on opendoor today, the digital platform replacing ceo with cfo cara wheeler. shares down 90% since january. >>> let's get back to the fed because, of course, it is in focus once again, this after payrolls and wages were way past expectations when we heard this morning's jobs report. steve liesman joins us he's got a lot more on what we heard and what we can expect when it comes to the fed. >> you nailed it payrolls and wages this stronger than expected november jobs report really dashing markets hop

technology startup anduril now valued at $8.5 billion, up from $4.2 billion 18 months ago our morgan brennanumman's site in california at part of the coverage of the b-21 bomber and ahead of the national defense forum this weekend she joins us now with palmer luckey morgan. >> reporter: hi, john. thanks so much yeah, it is a big day in terms of news for anduril industries but it is a big day this weekend -- or a big weekend in general for news for defense more broadly palmer, great to have you on congrats on this new funding round. it comes on the heels of what has been a pretty busy year for anduril. you had some high-profile contracts awarded, particularly around your counterdrone technology, expanded to australia as a market and you have expanded into what are essentially robot submarines what does the new capital enable anduril industries to do now >> we will keep doubling down on the same products we have been building, but we are building a lot of new products across air, land, sea, sub space -- or sub sea and space, and some of these are things we have been working on for years that w

joining me is morgan brennan. you be watching for when the fed's decision drops this afternoon? >> lindsey, good to be with you. it's not a matter of if the fed raises rates it's a matter of by how much. the expectation which has been broadcast by fed officials, both current and former, as well as what's priced into the market ahead of this report is we're going to see a half a percentage point increase when the fed does announce the increase later today. historically speaking that would be a very large increase but we're coming off three 75-basis points hikes -- four excuse me, ahead of this meeting. so it represents a down shift in the pace of financial tightening by the fed coming off the heels of the cooler than expected cpi inflation report yesterday. which is perhaps more signs we're seeing inflation come off a little bit. the bigger key question is what does the trajectory of rate hike increases look like going into 2023. >> i want to talk about mortgage application volume, it's finally rising after months

. >> morgan, thank you morgan brennan textron shares up 8% right now >>> coming up, a pot plan on theill it could have a big impact on the space. we'll diinheg to t weeds on this one. we're back in two. and thanks to voya, i'm confident about my future. voya provides guidance for the right investments. they make me feel like i've got it all under control. voya. be confident to and through retirement. if your business kept on employees through the pandemic, innovation refunds could qualify it for a payroll tax refund of up to $26,000 per employee. all it takes is eight minutes to find out. then work with highly qualified professionals to fill out your forms and submit the application. go to innovationrefunds.com to learn more. hello, world. or is it goodbye? you know, it seems like hope and trust are in short supply. [clap] now, as businesses we can blame and shame. or... [whistles] we can make a change. [clap] we can make work, work for our communities. create more equal opportunities. [clap] it's time for business to show its true worth. because it's not goodbye, world. it's hello, t

i'm david faber with morgan brennan. live in post nine of the new york stock exchange.e morning off started down, but as you can see, the s&p and the dow both clawed their way back to positive territory. >> we're 30 minutes into the trading session. here three big movers we are watching this morning. start with general mills reporting better than expected profit and revenue for its latest quarter the cereal and snack food maker clearing its forecast in steadfast demand and higher prices look at the stock. down 5% in early trading, nonetheless. >>> plus, lucid going higher raising $1.5 billion in a series of stock sales keep in mind, even though bounce be 3.5% now, it's down 80% year-to-date finally end with rocket lab under pressure again after announcing delay in first rocket launch from u.s. soil. virginia specifically. citing both poor weather conditions and regulatory delay. rocket lab due to this delay trims revenue guidance shares down fractionally now down 66% lost about a third of their value since going public in august of last year. >>> well, wells faro, a fut

i'm carl quintanilla with david faber, morgan brennan has the week off some weak happens at the open&p down 50 points and the s&p sector is red as we got some warmer than expected gdp revisions and some cautious commentary from david tepper. >> and we are also 30 minutes into the trading session you saw the broader market and we'll give you a few stocks you're keeping an eye on this after the company reported a wider than expected quarterly loss margins as well, why hurt by declining demand micron announcing it will cut about 10% of its workforce opinion another name that is down in the early trade is carmax you may be able to surmise why quarterly profit and revenue coming in short of estimates and that stock off about 8% right now. finally, there's amc the shares are plunging this after they announced 110 million capital raise and they posed a one to ten for a stock split and we'll get into this a bit more later and shares of its preferred, eight shares are up sharply and they are selling those in part to help pay down debt and exchange for debt and the like, carl, but overall, of

i'm carl quintanilla, morgan brennan has the morning off. dow is up almost 350, s&p 3850 as well.fedex adding to optimism about corporate results. >> without a doubt we're 30 minutes in the trading session. three movers we're keeping an eye on we'll sftart etsy, up over 5%. a bullish call on the stock late yesterday, but doesn't appear to be having an effect today. it sees etsy and amazon as the stocks to own. check out the cruises lines getting a boost after carnival posted a smaller than expected quarterly loss we'll end with starbucks that got a downgrade over jeffries it's now a hold. it had been a buy. citing a potential pullback in consumer discretionary spending. shares are down fractionally >>> nike raising its revenue forecast, stock enjoying the best reaction to earnings in about 20 years joining us this morning, oppenheimer's brian nagel has a buy rating inventory is the lead the morning. does it deserve to be? >> this was an absolutely fantastic report from nike what it shows is, and this is why the stock is bouncing so significantly today, despite the macro concerns,

i'm carl quintanilla with morgan brennan and david faber at new york stock exchange.t set for a busy period of central bank decisions and ecobank data some green and tech as we watch mergers. vix a high. >> over 30 months -- 30 minutes into the trading session here are big movers we're watching on this merger monday, including three deals, amgen buying horizon therapeutics and weber taken private. weber closed at $6.50 on friday. trading above 8. we'll have more on all these names in a minute. one deal not getting done, rivian that paused talks with mercedes-benz on a joint venture to build electric vans in europe as the ev maker tries to be more conservative with their cash. >>> an analyst call to discuss brinker international is lower after goldman downgrades to sell goldman argues the macro back drop presents questions for pricing trends and pricing power. those shares are also down 2%. >>> investors and the market are awaiting more inflation data this week. we have cpi released tomorrow. plus the fed is kicking off a two-day meeting. cnbc is also out with a new fe

i'm david faber with morgan brennan and mike santoli we're live at the new york stock exchange carl has have gotten off to a positive start after a strong day yesterday. the dow is really only under pressure because salesforce shares as a part of it are down sharply. otherwise, it would be be higher we're getting economic data across the tape. rick santelli has that for us. >> construction spending for the month of october, always a month in arrears, of course. down 0.30. what's fascinating is this is the second negative number of the year the last negative number was in august when it was down 0.60 prior to that you have to go to february of '21 to find another negative number. it gives you a sense of how construction spending and housing in particular have really taken a hit ism manufacturing for the month of november expected to be 49.7. disappoints, like many pmis. 49.0 that is the first time the headline number has been below 50 going back to may of 2020 when it was 43.5 so this is, indeed, a biggy. the rearview mirror was 50.20. let's look at employment, considering we have the bi

morgan brennan has the day off gottened selling in the wake of the fed, the ecb, the bank of englandrints we've gotten today there's more rick santelli. rick >> this is another one to put in the weak category camp we're looking at our october read on business inventories expected to be up 0.4 of 1%. it's up 0.3. up 0.3 is actually the weakest month over month business inventory growth going back to april of last year when it was actually a minus number. so, whether you believe that's good or bad, it is at the smallest rate of change month over month and the high water mark was 2.4 in march. highest since '82. why do i bring that up march is when all the ppi metrics, all six of those metrics peaked it's something to pay attention to maybe this is something the fed will like. david, carl, back to you >> thanks, rick. >>> we're 30 minutes into the trading session. we'll get to tesla shortly let's give you a look at other movers lennar forecast a slowdown in new homes stemming from higher mortgage rates the company did report lower than expected earnings revenue was slightly above what t

i'm carl can't nia live with morgan brennan we await the federal reserve statement and press conference not too bad an action to start the morning. dow up 150 almost. s&p still holding. >> here are three big movers we're watching this morning. starting with delta. the passenger airline raising current quarter forecast and issuing an up deet 2023 outlook setting robust travel demand juxtaposition from what we heard from jetblue yesterday delta up 2% this morning retailer best buy in focus, getting a downgrade at bank of america. positive catalyst may be illusive for some time those shares down 2.5% finally, a mega cap name that's shed nearly half its value in the last three months, down almost 50% tesla down again today, down 1%. goldman sachs cutting the price target to 235 per share from 305 even as morgan stanley's overweight rating, aggressively expanding its user base. david? >> that's a continued decline in those shares we're watching closely. we're also watching ftx closely. the continued fallout of the bankruptcy of that company former ceo sam bankman-fried has been denied bail i

. >>> good friday morning, and welcome to "squawk on the street," i'm morgan brennan with scott wapnerntoli live from the new york stock exchange we're going to take a look at futures. this friday morning, this last day, this last trading day of 2022, we're poised to open lower. so much for that, i guess, early

. >> and we do begin good tuesday morning i'm morgan brennan with scott walker carl, jim, and david haveat futures right now. a little bit of a mixed picture this tuesday morning holiday shortened week with the dow and the s&

. ♪ >>> good thursday morning, and welcome to "squawk on the street," i'm morgan brennan with scott wapnerlive from post nine at the new york stock exchange. we're looking at futures right now which are poised to open, major averages poised to open higher with the dow up 159 points s&p poised to open up 26, 27 points, and the nasdaq, the

. ♪ >>> good wednesday morning, and welcome to "squawk on the street," i'm morgan brennan with scottcarl, jim, and david have the morning off. we're going to take a look at futures with 30 minutes until the opening bell and you see some green on your screen, although we're fading this premarket rally here. the s&p is poised to open up about 3.5 points the dow, up 36, and the nasdaq, hanging on to gains here