. >>> let's get to sara eisen who is joining us from out west. good morning, sara. >> good morning. a lot of great guests coming up. and first we'll go to washington for this one on the news of date. lael brainard is joining us to talk about inflation, the shutdown and more. director, good to see you. >> nice to see you. >> so i'd love your reaction to today's inflation print. i would think that it is good news certainly in the market taking it that way to get core pce below that 4% level. and really starting to step down. do you think that we're on a sustainable path here to much lower inflation? >> you said it, i think that the inflation data today is absolutely good news. it is what we've been expecting to see. if you look at core inflation in particular, it is running at 2.2% on a three month annualized basis. that is really very encouraging. we've seen unemployment now down below 4% for 19 months in a row during a period where inflation has come down and core inflation particularly is now in the range that it was pre-pandemic. >> but still elevated. i mean, isn't if? we're stil

back to sara eisen as we said with a special guest. hey, sara. >> hi, carl. thank you very much.here with treasury secretary janet yellen. thank you so much for taking the time to speak with us here in new york. >> thanks for the invitation. >> i'll pick up where phil left off and i know you're not involved in the negotiations around the uaw, your colleagues are doing that, but how are you thinking about the impact or potential impact of this strike on the u.s. economy? >> well, look, we want to see the two sides come to a win-win agreement. president biden has made clear he expects them to work hard to negotiate 24/7 to get to a solution, and so we're hoping that that will happen soon. >> because you have to be worried about inflation, i would think, just as it's starting to come down, supply chain disruptions are a risk here, aren't they? >> well, you know, i think it's premature to be making forecasts about what it means for the economy. it would depend very much on how long the strike lasts and exactly who's affected by it. important point i think is that the two sides need t

back to sara eisen with citadel's ken griffin. sara? >> hi, thank you.t. >> it's great to be here today. >> we're going to talk about education and why success in a moment, but first, big markets day for us, big ipo day. the folks were talking about arm. do you look at arm, which is the biggest debut in a couple years, as a sentiment barometer? how do you look at ipos and what they signal about where we are in the market? >> clearly the arm transaction is a sentiment barometer. the very fact that the deal is coming to market today, tells you there's a perception that our capital markets are reopening for ipos. and i really hope this is a deal that goes off very well today. we need to see all of the vc-backed companies over the last decade have the opportunity go to our public markets to raise capital, so that the founders have an opportunity to continue to grow their businesses and grow our economy. >> the markets and the economy, reflect. what comes next? >> i would agree. it's been a really good year for the market, particularly with the backdrop of hi

i'm carl quintanilla with sara eisen on the floor of the new york stock exchange.y ahead as we close out a rocky september, will the next month bring back the bulls or is more pain ahead? young-yu ma will way in. >> and low inventory and record prices, can the housing market hold on or is a big downturn ahead? z zillou founder spencer rascoff is here. >> and why david rosenberg says

sara eisen. in a minute. >>> q2 gdp did come in as expected and our next guest says the economy is holding firm. the strength might be unsustainable. mark zandi joins us this morning. love to get you to reflect on sort of dalio's long-standing view and whether or not that is coming into focus. >> well, i got a kick out of frustrating inarticulate. i hope david doesn't say that about me. >> i never do, mark. you are the opposite. >> you're kind. that was a good term of words there. yeah. my sense is the economy is resilient. the consumers hanging tough. businesses don't want to lay off so hard to see a recession. but there are slings and arrows here and the higher long-term interest rates is kind of at the top of those concerns. i thinks ray dalio has a point. we have fiscal problems. look at the congressional budget office forecast, the cbo, the folks that do this for a living, nonpartisan, the debt to gdp ratio is 100% if we don't change spending policy, 115% a decade from now, 180% three decade

i'm sara eisen in pebble beach, california, with carl quintanilla back at post 9 of the new york stock exchange. big hour ahead for us. the ceo of arm joins me in california on whether he has a plan up his sleeves to reverse some of the stock losses post-ipo. >> also the ceo of carnival with us. choppy waters for the share post earnings. do they past expectation even though guidance disappoints. >>> later nasdaq ceo edina friedman is here as well. what's in the pipeline for more public market debuts later this year. >>> finally, we have some green arrows on this final day of september trading and q3. obviously tons in the news flow this morning. a lot involving inflation as core pce comes in 3.9 year on year. that's the first 3 handle we've had in some time. we're watching washington and the potential for a government shutdown over the weekend. the uaw expanding their work stoppage to a couple of the big three. >> this is all par part of the story and how we view the fourth quarter and the economy into next year. are those shocks going to make an impact? you mentioned pce, the inflatio

i'm sara eisen with carl quintanilla and david faber live for you as always from post nine of the newis annual address to the u.n. general assembly here in new york in just a moment and we'll bring you any headlines from the president as they cross. first let's check in on the markets right now. s&p lower by 0.3%. energy, health care and financials are higher right now, but it's the tech stocks, consumer discretionary, industrials, staples, communication services all weighing you are seeing the yields marching higher on day one 30 minutes into the trading session. three movers we're watching. cruise liners, carnival and royal caribbean after truist upgrades both names citing positive demand trends disney shares lower, planning to double investment in parks and cruises businesses to roughly $60 billion. >>> rocket lab shares plunging after reporting its first satellite launch failure in over two years. down more than 25% this month, losing 10% right now we have to be watching treasuries into the fed meeting and plays into the action today. i mentioned the highs we're seeing there we're

i'm carl quintanilla with sara eisen. this hour a rough road ahead.iest period for the economy. the road is muddy. are they right? >>> plus, regulators can be heroes. that's what meredith whitney is arguing as banks take a larger piece of the pie and the smaller names are left behind. >>> from government funding to geopolitics. what should investors focus on? >>> topping the tape at post 9, concerns about september. a number of notes making the rounds on wall street today, arguing the setup for the economy in equities is looking shaky from here. mike santoli joins us. we know septembe

i'm sara eisen with carl quintanilla and david faber, we are live for you from president biden -- posto stock exchange sell-off mode head of a batch of data the s&p down 0.8%, giving back yesterday's gains. keeping an eye on treasury yields and the dollar also at multimonth highs 30 minutes into the trading session. three movers we're watching starting with dominos. oppenheimer raises its price target to 450. saying dominos is quote an under appreciated revival story in 2024 baird reiterating its out perform rating on tesla, believing teslas is best positioned among its peers and a top pick of the year draft kings gets a boost after jpmorgan upgrades the stock from overweight to neutral raising the price target to 11 to $37 by $11. stock up around 150% already year to date. >> getting breaking news out of washington washington to eman javers. >> jpmorgan has reached an agreement in principle to settle the jeffrey epstein predator litigation with the u.s. virgin islands with a payout of $75 million that ends a bruising episode in which each side accused the other of enables jeffrey epst

i'm sara eisen with carl quintanilla and david faber live from post nine of the stock exchange stocksher on a fed day, 2:00 p.m. news conference live on cnbc, 2:30 p.m. eastern time we are seeing stocks higher, s&p up a third of one percent. most are up. industrials are leading the charge today for a change. nasdaq up about .2%. still negative for the week. 30 minutes into the trading sec session. dollar general one of the biggest losers j.p. morgan downgrades the name to sell saying the low end consumer is already quote acting recessionary today shares at the lowest levels since 2019 been weak for a while. winds coming out of the sales of arm and instacart as klaviyo looks to go public told after pricing the top end of the range. we'll speak to both co-founders and the ceo in a moment. and general mills reiterating the 2024 outlook more on those numbers what they tell us about the consumer later on it's a fed day, start by looking at the bond market as we have every day lately and a little bit of alleviation in the bond yields maybe helping stocks today but the two year note yield it

i'm carl quintanilla with sara eisen on the floor of the new york stock exchange.es

i'm sara eisen with carl quintanilla and david faber.ive for you as always at post nine of the new york stock exchange. stocks giving a little back. s&p down 0.25. strength in energies financial and consumer skripgs. health and technology weakness thanks to amazon, adobe, tesla is higher. 30 minutes in, here are three stocks we are watching. oracle shares slumping after revenue missed estimates. revenue guidance also coming up short. everyone is watching apple to you. the tech giant set it unveil the iphone 15 this afternoon. live to apple's headquarters in just a moment for you. we're also keeping an eye on alphabet today marking day one of the justice department's antitrust case against google. the trial is focused on whether google illegally used its position to limit competition in its search advertising businesses. more on this story coming up. guys, we wait today in terms of the macro world and the markets for the inflation report tomorrow, that's cpi, and retail sales on thursday, and because we're in conference season and all the

i'm carl quintanilla with sara eisen. >>> today energy prices a major part of the fed's inflation fightis will join us on why he says $100 oil may be coming. >>> the ceo of chipotle on the state of the labor market, inflation, and whether he sees consumers getting more cautious. >>> instacart is getting ready to make its debut, pricing at 30, implies under $10 billion valuation. indications for the first trade above $39. we'll bring you that first trade as it happens. >>> topping the tape, market is in wait and see mode ahead of the federal reserve meeting tomorrow s&p is selling off down 0.6 of 1% investors widely expect there to be no change about interest rates but the message about the path forward will be key let's bring in cnbc senior markets commentator, mike santoli. what is expected in terms of the tone and the outlook for rate? >> tone will be to maximize flexibility and react to data as it happens that's the mode they want to stay in. i don't think they'll necessarily try to put 100% chance of a november hike on the table, but have you to be open to it and respond to the numb

i'm carl quintanilla with sara eisen. this hour a rough road ahead. deutsche says we're entering the riskiest period for the economy. the road is muddy. are they right? >>> plus, regulators can be heroes. that's what meredith whitney is arguing as banks take a larger piece of the pie and the smaller names are left behind. >>> from government funding to geopolitics. what should investors focus on? >>> topping the tape at post 9, concerns about september. a number of notes making the rounds on wall street today, arguing the setup for the economy in equities is looking shaky from here. mike santoli joins us. we know september is historically a tricky month. how much, though, does it have to do with the turn we're starting to see and the data? >> the calendar itself, sure. the data are what they are in terms of performance but it's want been bad when you have the market up, 10% or more. to me that's one of the things you keep in the back of your mind. the seasonal weakness was mostly felt in august. either the turn in the data or just the fact that we're

our sara eisen sat down for a fire side chat, covered a lot of ground, including his concerns about supply and demand imbalances in the treasury market. take a listen. >> i think my worry is of the bond market and the treasury market. it got insane when negative interest rates and interest only loans so you didn't have to pay back anything that would give you the money, no interest and no principal so it got crazy. of course you accepted out a lot of checks to people. the amount of money that was sent out for checks for companies was about twice as much as they lost from income, and so a great deal of money was sent down and, of course, that gets spent and it's not surprising we have inflation, plus with the conflicts we had the supply chain issues. and then you think, well, where should an equilibrium interest rate be? take a bond yield. and i think, well, a couple things. what is the inflation rate going to be roughly? i think it's in the vicinity if we don't have supply/deman imbalance, and there's a big risk of supply/demand imbalance, it's in the havicinity of 3.5, . so that brings yo

sara eisen will join us shortly after talking with the treasury secretary last hour. the latest on the uaw strike. we're live on the ground in toledo as they remain at a stalemate. >>> instacart expected to price after the bell as the ipo market picks up seem. >>> saks ceo joins us as some households have cuts. >>> we await wednesday's fed decision and, of course, the ripple effects have the uaw strike. our senior markets commentator mike santoli joins us on set with the setup this week, which historically isn't that great. >> no, it isn't. to keep it simple, don't overthink it approach, maybe further chop to the downside. the s&p 500 has really followed the seasonal script pretty well in direction if not magnitude this year, which would suggest a couple more weeks of difficulty. i think pretty much everyone is alert to the idea you probably get a strong finish or at least the odds would say, to the year. the longer we go churning sideways this way, though, i think people are looking for cracks or just finding them. there has been a loss of momentum. market breadth ha

good friday morning, welcome to "squawk on the street," i'm carl quintanilla with david faber, sara eisen. cramer has the morning off. futures steady as the uaw initiates this unprecedented strike at select factories. yields a bit higher as china data comes in hot for once. oil, 91$91.15. our road map begins with the strike, though. thousands of uaw workers hit the picket lines. the first walkout to hit the big three all at once. >>> plus arm shares are, well, still looking good ahead of the open, looking to extend those gains from yesterday. it was the biggest ipo of the year and quite a significant day. >>> and rally paused. stock index futures, little changed after the best day for equities of the month. >>> let's begin with the uaw striking against detroit's big three simultaneously for the first time in that union's history. phil lebeau is in wayne, michigan, after talking to gm's mary barra, and joins us with more. >> we are outside of the michigan assembly plant. it is the ford plant where they build the ranger pickup truck as well as the bronco suv. a very popular model. here's wh

. >>> meantime, citadel's founder and chief ken griffin sat down with sara eisen, covered a lot of grounds a barometer, why the fed's 2% is not worst the cost of getting there and the anxiety over whether this market rally can continue. >> it's been a really good year for the market, particularly with the back drop of higher real interest rates. so if you look at both the yield on the ten-year bond and more importantly the real yield, for example, on the five-year tips bond, we've seen, again, an increase in real rates and nominal rates, and yet the stock market's been resilient. that's a really interesting year to see the resiliency of our stock market against this back drop that would usually be very challenging for equities. >> think it can continue? >> i'm a bit anxious that this rally can continue. obviously, one of the big drivers of the rally has been the just frenzy over generative a.i., which is powered many of the big tech stocks. i like to believe this rally has legs. i'm a bit anxious. we're sort of in the seventh or eighth inning of this rally. >> part of it has been the soft

welcome to another hour of "squawk on the street" i'm sara eisen with carl quintanilla and david faber post nine at the stock exchange. data coming in in in line with expectations, a .6% jump from last month thanks in part to energy cost. the core number coming in if hotter than expected, originally bonds sold off on the move. the s&p up .2%. utilities, consumer discretionary, health care and staples leading. materials and energy lagging. titans of tech on capitol hill this hour to discuss the future of a.i. and how to regulate the fast growing technology, elon musk, mark zuckerberg among the ceos in attendance, eamon javers is live on the hill with us. tell us more. >> we believe all of the big name tech ceos are in the building now. obviously the event is just about to get started. this is organized by senator chuck schumer, he has two democrats and two republicans who are going to be talking in a round table format with all these tech ceos today about a.i. innovation. the idea is to gather ideas and look at the landscape ahead of potential a.i. legislation out of the united states s

i'm sara eisen with carl quintanilla.ays from post nine of the new york stock exchange. david faber is on assignment. still. stocks in the early action better than we've seen in recent days. s&p up about a quarter of 1%. what's green, some of the cyclical groups like materials. energy at the top of the list up another 1%. technology is going strong today. the nasdaq comp is higher by a third of 1%. all the averages lower. nasdaq the hardest hit down almost 2%. 30 minutes into the trading session. here are three movers we're watching starting with kroger. the supermarket chain beating estimates and will pay as much as $1.2 billion to settle most nationwide opioid claims. more on the quarter in just a moment. plus, snowflake shares are rising. d.a. davidson initiating coverage on the cloud stock with a buy rating saying snowflake is set to benefit from increased demand for a.i. applications. look at rh shares, plunging. the retailer hosting a beat but third quarter guidance short of expectation. ceo gary friedman saying he

i'm sara eisen along with carl quintanilla. ahead this hour, one of barrons top financial advisering ayears run, holly newman kroft is with us. why she's still favoring fixed income. >> lazard peter orszag is with us. is m&a ready to make a comeback and where might the deals eventually happen? >> and game on. microsoft has billions riding on the success of its new xbox game which launches today. we'll talk to the company's gaming ceo about what's at stake and the latest on its quest to acquire activision. >>> meantime, markets this morning, kind of an inverse, almost, of yesterday, where large-cap took a step ahead of small cap. today, you have some of the big naples, tesla, nvidia, apple all down. you can see the nasdaq down more than a ercent. not such great action, either, in sectors, sara, with an echo of yesterday as well. where energy and maybe staples were the only green arrows. today it's energy and utilities. the ten-year yield is back to 4-3, which is the cycle high. the data we got this morning, also not helpful. bet

>>> good tuesday morning i'm carl quintanilla with sara eisen on the floor of the new york stock exchange. coming up, a blindfolded fed the economics of a government shutdown and its impact on policy. >>> plus, risk for retailers new data and a new call highlighting bearish activity from the street today. >>> mortgage rates at a two decade high now. red fin's glenn kelman will join us to talk about housing. >>> topping the tape this morning, no tech support amid higher rates that's what barclay's is looking at this morning. they say bonds are fairly priced, equities have not adjusted enough to the rise in yields let's bring in senior commentator, mike santoli. this is what we've been talking about all morning, another step up in rates and equities have a delayed reaction. >> agitated for sure once we got the breakout in yields above the prior higher, that was the trigger point i pointed out last year the ten-year yield was up 10 or 11 basis points and the stock market was down 3% that shows you there was a little catch-up. i don't think tech is where we have to look at the epicenter. it's

i'm carl quintanilla with sara eisen on the floor of the new york stock exchange. is october opportunity ahead as we close out a rocky september, will the next month bring back the bulls or is more pain ahead? young-yu ma will way in. >> and low inventory and record prices, can the housing market hold on or is a big downturn ahead? z zillou founder spencer rascoff is here. >> and why david rosenberg says don't get too comfortable with the idea of a soft landing. >> sticking to his guns. >>> first up, on the markets, the s&p has gone negative. we started out higher, but lost the gains pretty early here in the session. down 0.1% on the nasdaq. the s&p holding up a little bit better. groups like industrials and education services are all up, materials too, but it's utilities, health care, financials, consumer discretionary and staples that are weighing in. it's kind of a mixed picture on the nasdaq, too. because costco and amd are helping on one side, but apple is weak again and amazon is under pressure as well. so is microsoft and tesla. >> got a little dicey here in

that next and a quick programming note, don't miss a cnbc special, cnbc "leaders" with ken griffin sara eisen4 republican presidential primary. big implications for that and it's at 8:00 p.m. eastern. we're back in a moment (♪ music ♪) (♪ ♪) the walking tree is said to change its entire location in pursuit of sunlight (♪ ♪) where could reinvention take your business? accenture. let there be change. (sirens) [due at target in 5!] copy that. make a hard left down the alley. network's got you covered. [please confirm requesting back-up.] -changing route. -go. roadblock ahead. ...back up, back up... reverse! reverse! next level moments, we're 30 seconds out. need the next level network. [north corridor, hurry!] -coming through! -or 3, let's go. the network more businesses choose. transplant received. at&t business. loving this pay bump on our allowance. wonder where mom and dad got the extra money? maybe they won the lottery? maybe they inherited a fortune? maybe buried treasure? maybe it fell off a truck? or maybe they switched to xfinity mobile - the fastest mobile service. save hundreds a year

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i'm sara eisen with carl quintanilla from post 9 at the new york stock exchange. two dow drivers in reverse. apple shares get crushed as china orders its government agencies not to use iphones at work. ahead of its highly anticipated iphone 15 launch. the street's top analyst weighs in on the stock. >>> the disney drama, its feud with charter. is it the beginning of the end of cable tv as we know it? stock at a ten-year low. >>> rodney mcmullen, kroger ceo, announcing a $1.2 billion settlement for opioid claims. not enough to sour sentiment. stock near the highs of the day. the conference call is going on. we'll talk to him about that and the latest concession in the company's effort to close the albertsons deal as well. >> stocks have been adding to the open. you have almost every sector in the green. industrials the only exception. vix back below 14 as we continue to keep our eyes on energy and yields and the dollar. >> yields giving some relief for stocks, art cashin says. playing along at hoechl, this is the only thing that matters, if you want to know the dir

i'm carl quintanilla with sara eisen on the floor of the new york stock exchange. why m&a may be a trend to watch and staples and discretionary. >>> later, after 14 consecutive interest rate hikes from the bank of england, a pause today. impact on international equities and currencies ahead of europe's close. >>> speaking of m&a, a massive deal in tech. why cisco bought splunk and what it might mean for more m&a in that space. >>> topping the tape, higher for longer. are stocks setting up for a test of the august lows? senior markets commentator mike santoli is with us. does feel like stocks are playing a catch-up to bonds, which were ahead on the higher for longer. >> to a degree, yeah. we're sort of arguably in that test that's under way. the s&p 500 about 0.50% where it bottomed out in mid-august. it's also the lower quarter ep end of stocks are waiting to see if longer term treasury yields were, perhaps, topping out around those october highs. now weave clearly broken higher. what happened with the fed yesterday, even in broad strokes, as we've been saying, not

i'm carl quintanilla with sara eisen on the new york stock exchange. is the only solution to the u.s. debt crisis inflation? >>> plus, airbus ramping up production as demand for planes skyrocket. the ceo is coming up at the bottom of the hour. >>> later, a pulse check on the consumer, the ceo of casey's general stores with us on the back of strong earnings. stock is up 10%. >>> topping the tape is some indecisive positioning. according to bank of america fund manager survey as they wait on cpi tomorrow. mike santoli is here with more. what are you watching in positioning? >> we worked off this excessive bearishness by long-only fund managers and a lot of other indicators. no longer -- we also don't have people positioned for the market to run away from us on the upside. we can call it indecisive, call it neutral, call it confused, data-dependent. all those fit. we've been fighting the same battles with oil prices nudging above the comfort zone, perhaps, and then yields, how are they going to absorb this inflation number tomorrow? so, i think the big pi

. >>> good wednesday morning i'm sara eisen with carl quintanilla live from the floor of the new yorkxchange stocks are higher ahead of the fed decision this afternoon. guggenheim partner ceo anne walsh joins us in just a moment with the number one thing she's watching from today's meeting. >> and airbnb releasing some updates, including lower pricing in an effort to take more share from hotels. an exclusive with brian chesky is ahead, but the stock up 66% this year. >>> and we continue to await the opening trade of klaviyo what arm and instacart's price action will tell us about this debut. >>> topping the tape for us this morning, fairly obvious, that is the fed decision ahead of that, rates retreating a little bit with oil holding pretty steady. b of a today did up its year-end price target on the s&p to 4,600. about 7% upside, while citi says that global growth is likely dom in higher than predicted let's bring in cnbc senior markets commentator, mike santoli. and that bullish note on growth is probably one reason why yields haven't fallen much >> that's for sure that, the fed's m

i'm sara eisen with carl quintanilla. we are live from post nine of the new york stock exchange.. look at the nasdaq down 1.4% right now. the dow remains higher. nasdaq under pressure by big tech and apple a loser. concerns around china. overall market is selling off. got a mix of hot labor data. this morning certainly fueling part of the decline. also an eye on treasury yields. 30 minutes in, here are three movers we're watching. second day in the red for apple, as shares fall on reports of an iphone ban for government officials in china. more on that story from beijing in a moment. >>> c3.ai down after forecasting a larger than expected operating loss, shares still up triple digits, as investors bet big on a.i. >>> mcdonald's shares today. wells fargo upgrades the stock to buy as they say the business is, quote, firing on all cylinders. carl, let's dig into the jobs data for a little bit because, you know, a lot of economists watch the jobless claims and say, if they're low, things are okay in the economy, not seeing mass layoffs. we got a surprisingly low numbers at 216. a big

sara eisen is on assignment.d nasdaq. watching the pmis, some of the media names and autos. >> standout stock, ford shares rallying. phil lebeau reporting on the progress with the uaw. joins us from outside a ford assembly plant in wayne, michigan. phil? >> let me give you an update on what we're expecting to hear from uaw president shawn fain in just a couple minutes. sources familiar with his comments say that a couple things will stand out. one, he will say that there is real progress between the uaw and ford. whether or not that means there's no strike actions against ford remains to be seen -- furtherstrike actions remains to be seen and the other message, he is going to invite president biden to come to detroit, or to another location where a strike is taking place, and join the picketers on the picket line. not sure the president will take him up on that, but those are two messages we expect to hear from shawn fain when he begins his facebook live presentation in a matter of minutes and likely hear if ther

i'm sara eisen with carl quintanilla and david faber, live from post nine all together which is niceeal. can touch you. >> the stock market, starting on a high note this week with the s&p 500 up about 0.4%. the nasdaq up 0.5%. the dow 86 points here. it's going to be a crazy week of trading. we'll get to some of the catalysts in a moment. 30 minutes into the session. here are three movers we're a watching right now. j.m smucker buying hostess brands for $5.6 billion. smucker shares the worst performer in the s&p 500. hostess surging on the news. rtx under pressure. the defense company warning it will take a $3 billion charge in the third quarter due to a manufacturing flaw in its pratt & whitney jet engines. rtx cutting its sales outlook for the year. tesla the biggest gainer in the s&p. morgan stanley's adam jonas upgrades the stock to buy, raises the price target fto 400 from 250. points to tesla's super computer which trains a.i. models for autonomous cars. jonas says, quote, we believe dojo can add up to $500 billion to tesla's enterprise value through an adoption rate of mobilit

i'm sara eisen along with carl quintanilla. fixed income. >> lazard peter orszag is with us. is m&a ready to make a comeback and where might the deals eventually happen? >> and game on. microsoft has billions riding on the success of its new xbox game which launches today. we'll talk to the company's gaming ceo about what's at stake and the latest on its quest to acquire activision. >>> meantime, markets this morning, kind of an inverse, almost, of yesterday, where large-cap took a step ahead of small cap. today, you have some of the big naples, te

i'm carl quintanilla with sara ei eisen. >>> fresh off latest billion dollar deal, thoma bravo founder orlando bravo, areas he's looking to with potential targets with $131 billion in aum. >>> let the games begin. as the football season kicks off tonight, expectations for the betting industry are huge. fanatics gaming ceo is here with his outlook. >>> eqt, can the industry bounce back this winter with the commodity down 40% this year. >>> first a look at the markets. the nasdaq falls for the fourth day in a row. apple is a big part of that story and a contributor to that decline. and then economic data out including fewer jobless claims which is good news but adds to fears that the fed might relax tight monetary policy. let's bring in cnbc senior markets commentator mike santoli. i late saying higher for longer but that is the name of the game lately with the strong dollar and the higher yields and weaker equity prices and firmer economic data. >> i think it's been the assumption, sara, that higher for longer is the fed's preferred mode in terms of policy rates. now we're seeing longer

me and scarlet fu and sara eisen. they should put a brass plaque outside, the alix steel room. lisa: i think john will not come back until we resolve the government shutdown issues. tom: we are building a new edifice for your morning attention. they are working on it. for four or five weeks will be here as well. the data checks are the same whether we will be here or in our new studio. the vix 17.83 says that all. the doom crew has picked up on a number of things lisa has talked about including china real estate. negative three on xp x futures. we have to do bitcoin because john is not here. $26,000. katie greifeld is up early watching. we are 4.49%, almost 4.5% on the 10 year yield. the spread gives us distant version. that is an important philosophy. the real yield 2.12% is right where we are. that is an absolute key determinant. i look at dollar strength. we have not broken out to new dollar strength. yen rounded up. what is in the data that gets your attention? lisa: crude. the fact that on wti you are above $90 and there is data over the weekend showing hedge funds are the

good friday morning, welcome to "squawk on the street," i'm carl quintanilla with david faber, sara eisenct factories. yields a bit higher as china data comes in hot for once. oil, 91$91.15. our road mapeg