but with aflac, you can get money to help close that gap. aflac, huh? -aflac! -ahhhh! okay! oh!k - 1, goat - 0. get help with expenses health insurance doesn't cover at aflac.com -you want to race? -for real? >>> welcome back. we have more moves. i said steph was active in the market today. you bought more morgan stanley and more bank of america and you sold schwab. do i have that right? >> schwab i made about 12% since i bought it last march. i took my gains. i don't think the cash sorting is going away. if rates do come down that should improve. i'm looking at morgan stanley down 17% from its highs. a 4.2% dividend yield. nii net interest income and net interest margins will be crummy. that's for the entire space. but trading, investment banking and fees should be better than expected. they have 18.5 million customers and i think that's growing. the total address billion is 100 million customers. this one i think is a bargain and i expect the stock will recover. >> i don't have this in front of me, joe -- >> hi, scott. >> if i recall -- >> yes, sir. >> you sold morgan stanley

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but with aflac, you can get money to help close that gap. aflac, huh? -aflac! -ahhhh! okay! oh!1, goat - 0. get help with expenses health insurance doesn't cover at aflac.com -you want to race? -for real? >>> dropping across the board and dow falling. s&p falling below 4200 for the first time since may nasdaq down nearly 2.5%. auto stocks like ford and gm hitting multiyear lows before ending in the green. signs of a potential deal with the uaw spurring this rally in the late session but the effects of the autz toworkers' strike may be felt beyond the auto industry pointing to a softer car market. texas instruments dropping 3.5% after its results last night >>> meanwhile, wm previously known as waste management plucking the trend up more man 6% after an earnings beat and the company upping free cash flow guidance. that is up 6%. wow. that's a big one >> you can make a case of -- listen, you can make a case, charge is one of those defensive names, i would imagine, valuation you can make a compelling case for in an environment where people are looking for valuation. i think the mov

aflac! because aflac gets you money to help close that gap! now how do we get this goat outta here?! get help with expenses health insurance doesn't cover at aflac.com. elephant would've been scarier. in the u.s. we see millions of cyber threats each year. that rate is increasing as more and more businesses doesn't cover at aflac.com. move to the cloud. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. [speaker continues in the background] the network with 24/7 built-in security. chip? at&t business. . >>> welcome back. we all love getting packages delivered. well, i don't know if i love the boxes. anyway, e-sxhers great for consumers, it's not so great for the planet. so firms are creating solutions to cut waste and finding them in some unexpected places. diana olick joins us to explain. diana? >> reporter: well, kelly, like you said, we love the packages but hate the packaging. this is especially true for all of the frozen food deliveries that are getting

but with aflac, you can get money to help close that gap. aflac, huh? -aflac! -ahhhh! okay! oh!k - 1, goat - 0. get help with expenses health insurance doesn't cover at aflac.com -you want to race? -for real? >>> welcome back. the white house saying that the president will deliver an address to the nation tomorrow night at 8:00 p.m. eastern from the oval office. he'll discuss america's response to the hamas terror attacks against israel and the ongoing war in ukraine. again, that's tomorrow, 8:00 p.m. eastern time. >>> moving on, big bank blues. shares of morgan stanley deep in the red today. the bank's all-important wealth management division coming in roughly $200 million below estimates. leslie picker spoke with the cfo who said client portfolios are sitting on 23% cash -- 23% cash and cash equivalents. another big disappointment, investment banking revenues, which fell below the $1 billion market for the first time in several years. you guys were really jazzed about morgan stanley on the call today. >> it's telling you something about both where asset allocation is and where

but with aflac, you can get money to help close that gap. aflac, huh? -aflac! -ahhhh! okay! oh!et help with expenses health insurance doesn't cover at aflac.com -you want to race? -for real? >>> welcome back to "fast money." some major media story lines today, from a bullish call on spotify to one hollywood strike picketing on, to tay-tay coming to a theater near you. julia boorstin joining us now for much more on this. only one we really care about. >> well, there's a lot of news, and we're going to start off with spotify. shares gained 1% after morgan stanley reiterated its overweight rating on the stock with a $190 price target, writing, rising engagement levels and continues product innovation support further market share gains and pricing power. they did mention taylor swift. >>> meanwhile, media stocks finished lower today after the screen actors guild and hollywood studios suspended negotiations. take a look. warner brothers discovery down 6%. now, just today, netflix's ceo says that sag-aftra demands are, quote, a bridge too far, while the amptp says sag is demanding a v

aflac! because aflac gets you money to help close that gap! now how do we get this goat outta here?eet one of my new homies! gaaaaap! get help with expenses health insurance doesn't cover at aflac.com. elephant would've been scarier. >>> now the answer to today's aflac trivia question. what is the largest powerball jackpot in u.s. history ? the answer. $2 billion. the jack was won in california in 2022. >>> still to come. helena joins us with the oil markets. x slashing its information and integrity team ahead of the 2024 election. we will talk about the move and much more. squawk box coming right back. >>> welcome back to squawk box. prices tumbling five dollars a barrel on wednesday. wti is down 10 % after hitting a 13 month high last week joining us is our strategy and cnbc contributor. energy and the energy patch was the place to be. the big question is is it still ? >> certainly concerns of the broader macro backdrop. rate hike's have been a persistent problem from opec but adding to the worst yesterday was a large gasoline bill in the united states. oil is having a tough momen

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aflac! because aflac gets you money to help close that gap! now how do we get this goat outta here?aflac! meet one of my new homies! gaaaaap! get help with expenses health insurance doesn't cover at aflac.com. elephant would've been scarier. [ heavy breathing ] doesn[ lights buzzing ]com. [ music builds ] [ screaming ] >> announcer: now the answer to today's aflac trivia question. where is the world's oldest and longest boardwalk? the answer, atlantic city, new jersey. it opened in 1870 and has a length of 5.5 miles. >>> welcome back, everybody. nasdaq third quarter results are in with a beat on the top and the bottom line. for a closer look at the numbers, plus the tech rally, the ipo landscape and more, we want to bring in adena friedman, the nasdaq ceo and chair. good morning. good to see you here. >> great to see you guys. >> look, people look at it and say, fewer companies becoming public, that's going to be bad news, but you've been working hard to diversify and that's showing up in the numbers. you had strong results that came in from some of the new things you've been branch

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aflac! because aflac gets you money to help close that gap! now how do we get this goat outta here?lp with expenses health insurance doesn't cover at aflac.com. elephant would've been scarier. >> announcer: now the answer to today's aflac trivia question. how many ridges are on the edge of a quarter? the answer, 119. >>> who spent time counting that number? house majority leader steve scalise dropping out of the race for speaker. emily wilkins joins us now with more. this has gotten stranger and stranger. >> becky, it is just completely unprecedented territory and we got more into unprecedented territory as the week has gone on. 24 hours after he secured the nomination from his party, steve scalise dropped out of the race for house speaker last night, after it became clear he cannot get to that magic number of 217. republicans are now scrambling to figure out what comes next. scalise gave a warning to his fellow republicans who blocked his nomination. >> there is some folks that really need to look in the mirror over the next couple of days and decide are we going to get it back on

but with aflac, you can get money to help close that gap. aflac, huh? -aflac! -ahhhh! okay! oh!lac.com -you want to race? -for real? ♪ upbeat music ♪ upbeat music >> announcer: now the answer to the aflac trivia question. name the eight states that border tennessee? the answer arkansas, missouri, kentucky, virginia, north carolina, georgia, alabama and mississippi. >>> that is amazing. you can be in a tri-state area. tennessee's bordered by eight states. eight states. >> that's a lot. is that the most? >> it has to be. won't you think? >>> the s.e.c. is suing elon musk in a bid to get him to testify over his purchase of twitter. in a legal filing, attorneys representing the agency say mr. musk failed to appear for testimony last month as required by the subpoena. the s.e.c. says the investigation is focused on is securities fraud over twitter shares last year as musk was in the process of buying that company. >>> i'm looking at maps now. the ceo of x, formerly known as twitter, met with the company's bankers yesterday. reuters reporting that linda yaccarino reported high revenue

but with aflac, you can get money to help close that gap. aflac, huh? -aflac! -ahhhh! okay! oh!nsurance doesn't cover at aflac.com -you want to race? -for real? >>> now the answer to today's aflac trivia question. how many branches are there in the federal reserve system? the answer, 24. >>> and welcome back to "squawk box." i'm frank holland with this morning's premarket movers. we begin with apple. shares are down almost 1% after a downgrade from key bank as analysts cite high valuation and slowing growth in their note. they say apple gets 37% of revenue from the u.s. and analysts are forecasting a fourth consecutive quarter of sales declines with specifically iphone revenue falling 2% in their estimates. shares of apple down almost 1% in the premarket. >>> moving on to chips, intel shares moving higher after plans to spin off the programmable chip unit into an ipo in the next two or three years. you can see shares are up almost 2%. they said theunit would operate as a stand alone business as of january and its financials will be reported separately during earnings. intel up m

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and how much to say it's a very densely populated area with a different kind of residential towers. aflac that was bon bonded by the is really strikes. now the goal is this trip, or the current moment is as witnessing different kinds of attacks by the is really uh by the is ready for us as a, from land from the sea. and even from the aircraft, according to the balance to be administered hills inside, the goal is to strip the number of the palestinian victims is wrong using also the number of children killed by the israeli forces reached the $500.00 kids and around $276.00 women also were killed during the beginning of the conflict. okay, thank you very much for the update to eric. i assume that earlier my colleague told me the christ spoke to jennifer austin. here's the deputy director of the united nations relief and works agency for palestinian refugees and gaza. she explains just how dia, the situation. is that so it is exhausting, but it's more exhausting for the stuff like that when you're working tirelessly to provide services to the refugees. and i think i heard earlier in your ear

v couldn't volume one, but how can we and how should we define a precise aflac bone? perhaps we could build a processing plant as clinton that it could be called storage facilities professional who's a no. and then the current issue is how to expand a new site. the bicycle has both as could just make the decision and say, here's how it is now. do with that lock. so it's a very positive thing to be developing it together. i'm going to good people who have a say are more motivated and the whole company benefits from that. with other farmers . the monuments rely on cooperation rather than competition, the close and julia, and then meet the hair decor on family. the red current harvest is about to begin. the 2 families work together. the hair decor hoff 10 to the berries, while the ang amends take care of the sales. yeah, them you the what about the 2 systems that well the should the content to be okay. customer of us. yes, of course, for some kind of the hair dicker ha, family has only recently switched to organic farming because it's in the moment this gong said that yo

proclaimed cream power tickets put off the gas in germany, the debate around the speed limit is polarizing aflac. majority of the population wants one, but the opposition is loud. it's taking it off. if it doesn't make sense to drive 200 kilometers per hour, just to have some fun or feel superior to other people, that's the thing we should keep it as it is. we are restricted everywhere. let me see what i am awesome. but apparently, the gas prices still on high enough to make people drive to the most bogo. why do we build cars with more than 50 horse power? if we can only drive a 100 kilometers per hour and assign them? and spoiler alert, this discussion often doesn't for evolve around fact gets a kind of an now. so to say, in motion i did phase, this is caught you up to you. she wrote a book about mobility in germany. costs people one to start, to be free, to have that free will of drive really, really fast. but let's take a look at the facts 1st. germany has more than 13000 kilometers of ultra bon famously well maintained and toll free for cars. most countries in the world got speed limits to i

companies need to do is to understand that you cannot assess and it kind of make it rather than firm aflac. you need to come on the ground to i says, do i face? what is that uh for you to take advantage of. so, um on the go ahead and jump on it because it was in that a lot of posters with respect to the trip tut. important way and kind of didn't flip between our 2 countries. but beyond that, we need to look at concrete investment. meaning that, that we should them decision localization of production of goods and services because of the distance between the julia and russia and because of the obstacles and in, in trade in activities, the logistics as i've been affected. i think the best option is localization of production. so we wish that the russian companies were close to that, that as a possibility. and they have the most benefits to, did i from that, if they're taking that option. as you know, we have the upper gun continental trip agreement area that was signed which provides the show too much it and into $54.00 countries of africa. i'm legit, it is the good way to get to all the afri

but with aflac, you can get money to help close that gap. aflac, huh? -aflac! -ahhhh! okay! oh!- 0. get help with expenses health insurance doesn't cover at aflac.com -you want to race? -for real? (fisher investments) it's easy to think that all money managers doesn't cover at aflac.com are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher investments. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different. that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that pu

aflac! because aflac gets you money to help close that gap! now how do we get this goat outta here?w homies! gaaaaap! get help with expenses health insurance doesn't cover at aflac.com. elephant would've been scarier. >>> up next, exxonmobil striking a deal with pioneer natural resources. we have the ceos, exxon ceo darren woods and pioneer's scott sheffield. they're going to tell us all about this deal. it has been out there for months. speculation about it. we'll find out what actually brought it and made it happen and we'll talk about where they see things down the road. they'll tell us alabt l outhe deal, first on cnbc, right after this break. is it possible? with comcast business... it is. is it possible to help keep our online platform safe from cyberthreats? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening.

exchange and before we head to break, check out the insurers hitting all-time highs today, progressive, aflacd seeberg at cowan warns washington is just starting to te hest cracking down at the raik that we've seen from the insurance group. "the exchange" will be right back. (aidyl) hi, i'm aidyl, and i lost 90 pounds on golo. i struggled with weight loss and weight gain my entire life. with all the yo-yo dieting i did in the past, i would lose 20, 30, 50 pounds just to gain them over and over again. thanks to golo, i've been able to steadily go down the sizes in my closet and keep the weight off. for the first time in forever, i feel in control. (announcer) change your life at golo.com. that's golo.com. >>> welcome back. time for earnings exchange. bank earnings took a breather but they are back tomorrow. b of a and goldman out with results in the morning and j&j and lockheed martin. let's get the key factors to watch with danielle shay. great to see you. welcome. >> thank you. >> let's start with the banks as we kind of get through that earnings season. the street will be watching for impac