asml is having investor day, asml is keeping it outlook unchanged, it is keeping it unchanged. at 44 billion euros, that will be positive for investors holding onto the outlook despite the fact that they lowered their guidance, down 7%, 12 billion euro buyback program, top line is they are maintaining the outlook with the top view of 60 million euros, without these you cannot make semi conductors, let's get to the markets. inflation date or bang in line with expectations that you will get the cut, 80% chance of a cut is the news. expecting to see a marginal take up with 2.2% in october, hearing from jay powell as we hear about the path ahead. futures .2 modest gains, ftse looking flat. s&p futures are lower after a flat session and nasdaq futures we saw the front end of the two-year, 431 radel, japanese yen under pressure. listing equities. bitcoin in continuing to push through fresh records. let's get to the politics and donald trump achieved full control of the u.s. government after trump returns for the first time since his chaotic exit, he met with joe byron in the white ho

asml shares rallying at this stage up 5%. frank. >> silvia amaro, thank you it's my friday i know i said happy friday you looked at me a little bit. i'm off tomorrow happy thursday to you. >> okay. >> busy day here at home >>> it is time now for big money movers moving higher ahead of the open after david einhorn built a medium size position in the company calling the stock cheap as the company ends the bearish cycle. his comments from yesterday at delivering alpha >>> and cisco's first quarter results falls. the company is projecting annual revenue in line with forecast. on "mad money" last night, he is confident it will exceed orders this year. >> two things as a result of a.i. the first is upgrading the technology and infrastructure just to be ready i think the pandemic, as an example, caught them off guard and weren't where they needed to be they want to be ready. they are upgrading technology which is what you saw. >> cisco shares lower in the pre-market right now >>> we turn to beazer homes up 7% the home builder report

so just like asml, applied materials made it crystal clear the a.i.at help manufacture all sorts of established legacy chips that are more vulnerable to swings in the broader economy. china, demand is down big year over year. ultimately, china was all over the conference call. mix came down to 30% of sales after being higher than that for a few quarters. 30% is high. it came down because the china economy is doing so badly. a year ago, strong chinese orders boosted the legacy part of applied materials business. now those areas are suffering because they're exposed to the weak chinese economy, and management has no idea when things will get better. in the rest of the world, applied materials can more than make up of that business from china by selling cutting-edge equipment for a.i. chip making. but they can't do that in china because our government has banned them from selling the best stuff to the china. applied materials told a story similar to what we heard from asml last month. the leading part of the business is doing well. it should keep doing w

let me run you through some of those that we actually heard from this morning starting with asml thedoubling down on its 2030 goals confirming it's annual revenue targets of 44 to 60 billion euro or 14 to 18% growth. a gross margin of up to 60%. it's latest guidance ahead of investor day, asml said it is in a strong position and benefit from the latest leaps in artificial intelligence. something the company said will drive global emiconductor sale north of $12 billion by 2030 let me show you shares at this stage up 5%. clearly, investors are especially joying the announcement today >>> meantime, apple's foxconn posted a 14% rise on the back of a.i. server demand the a.i. story is present at this stage the world's largest electronic maker says they expect to grow significantly on the year while a.i. servers are expected to account for all server revenue in 2025. >>> and tencent is ticking higher in asian trade or was moving higher in the session after the third quarter net profit surged better than expected 47% on the year to 52.2 billion yuan revenue came in at just over 167 billion

you mentioned asml earlier.e see exposure to china is a good opportunity, but we are aware of the risks with the regulatory concerns, et cetera. very mixed bag, i would say. >> we will see what will end up happening. thank you for your thoughts this morning. that was michael field, strategist at morningstar. >>> as we keep a close eye in the united states, i will show you how we are trading in the djt stock before the market opens. this, of course, as the polls continue to show that it is a very narrow race. you have it at this stage on the screen down 6% in pre-market. we knew that in recent times we actually have seen what has been called the trump trade. that seems to be dissipating as we approach voting day tomorrow. speaking of the election, do not miss our election night coverage from the new york stock exchange as the polls close and the counting starts. we'll be kicking off the special coverage at midnight london time early wednesday morning. >>> coming up on the show, ryanair reports a drop off in first

asml stock, it's off its high of the session. $712 after the company reiterated its long-term targets. given asml's near monopoly on the most advanced chip making machinery, the positive forecast is a bet on strong a.i. demand. but the massive need for chips to run these chat bots is the very thing that's got one of silicon valley's most powerful voices issuing a warningful billionaire tech entrepreneur ifs mark andreessen and ben horowitz saying last week that innovation is hitting a wall because of some serious technological limitations. listen. >> ben, what's the main limitation that our a.i. start-ups have today? >> well, you run out of gpus. [laughter] >> right. >> so, like, step one, get chips, right? right? >> well, and then, once you get the chips or, we're not going to have enough power. and once we have enough power, we're not going to have enough cooling. there are many, many steps. >> there's lots of smart people in the industry working to breakthrough those dealings, but if you look at the performance over time, ther

you've got asml, core scientific, cor dis, and lockheed martin.as the tease i did, that was the tech name, the semiconductor name that's down a lot, and you like it down here. >> yeah. listen, it ising, it is the biggest name in the space across europe with. they've got thatly nothing my production which i think they've got the patent on it. i think it's a great name. it's down about 40% off of its high which wases1100, right? but it's consolidating in the 650-700 range. as a long-term name. i'm not talking about trading it, but as a long-term name, now is the time you want to buy it, not sell it, when it's on sale. like i said, down 40. look at the way it looks on the chart. it just seems to be putting in a base here. charles: investors should understand that this company is a monopoly. no company in the world -- >> monopoly. charles: when they come back, it's going to come back big. kenny, great seeing you. talk to you soon. >> always a pleasure. charles: government spending, it's the big topic, right in the next administration's staking everyth

anything consistent with asml, the big themes about ai investment and cutting-edge machines, china or ian: 100% consistent. spoke with the ceo after the release. he's like everything's ok. nothing to worry about. long-term fantastic. not going to worry about the odd fluctuation. unfortunately, investors are. you have to be perfect with the amount of money put into these and the expectations that exist. outperformance is the only performance. caroline: well said. prior on the year they had been up 15%. now 5%. the read cross is important. we are up assessing about nvidia next week. this is your main company you focus on. what does it mean for nvidia? ian: ai ai ai. we've heard positive. the only thing that will hold them back is availability of supply. can they get enough chips to meet demand? the fundamentals, the sellthrough, the capex planned is positive. ed: we reported tsmc is finalizing awards from the u.s. government through the chips act. ian: it's now a contract between the u.s. and tsmc. it makes going back harder. they've already achieved things they were supposed to do. $1

join asml in supporting second harvest. donate today. hannes daube. shackell.da da da da da da da da. matt mahan. itkin. min. kirshe. tra la la la david zena. kibler. every day we're on a mission to inspire conservation of the ocean. for all who call this blue planet home. monterey bay aquarium inspiring conservation of the ocean. that's where i kissed my first boy. that bedroom window. that's where i'd sneak out after i started kissing boys. happy's place is hilarious. i'm going to go kiss a boy. an instant hit. oh, that ever happened to you? yes. happy's place tonight on nbc and peacock. today you're one of my movers. overworked, underpaid, and off the books. i looked up child labor laws. shut up. see how hard i have to work? chance. no, but i can hear it. what the lopez versus lopez tonight on nbc and peacock. it is beginning to look a lot like christmas in vatican city. that's because it's 95 foot christmas tree. arrived today. tree is from the alpine region of ledro in northern italy. workers used a crane to lift it into position at saint peter's square. v

the ai demand from asml up some 5% after the company that makes the equipment we are seeing them still managing to project sales in 2030 up to $60 billion. remember how hard they hit the market with a significant miss in the third quarter is maybe a reprieve and little element of confidence back. come up a hefty fine for a company. ♪♪ ♪♪ ♪♪ ♪♪ the black friday sale is now on. visit sandals.com or call 1-800-sandals ed: time to talk in tech netflix squid games set to return. they are looking to the global success of the first season which was the most popular show in their history. the third and final season is slated for 2025. and one of the largest servers tamp down on data sending is decelerating. they beat expectations saying the boom in demand will continue. australia is planning to enact laws that require big tech firms to protect customers. it was unveiled last night and latest effort by them to crack done on social media and misinformation. that will impact meta. another thing is the fine $141 million by e.u. regulators. they said they have potentially been thought it breach ser

asml is down 1.5%. applovin is lower by 1.29%. >>> let's get a check of the top corporate stories with silvana henao. silvana, good morning. >> frank, good morning. let's start with big tech. new reports that the justice department will ask a judge today to force alphabet's google to sell off the chrome browser and measures related to the a.i. products and android operating system. this is the same judge who ruled back in august that google illegally monopolized the search market. the doj is pushing a radical agenda that goes far beyond the legal issues in this case. >>> meanwhile, shares of super micro computer adding to yesterday's gains. we are seeing them up 30% in the pre-market. this after confirming a report after the market closed it hired bdo as its new auditor after ey resigned back in october. the company also officially submitting plans to the nasdaq to maintain its listing on the exchange. super micro shares plunged more than 54% over the last month. actually 40% in the past month. >>> and

coin, the laggards take a look at those as well right at the top of the list is bio-tech regeneron asmlssure after they said they were going to face issues when it came to exporting things to china. moderna and cdw rounding out the laggards >>> turning to the election. it's coming up a few days from now. less than a week away until americans head to the polls. inflation dominates the conversation on cnbc another issue for business owners emily wilkins is joining us from battleground arizona with much more emily, good morning. >> reporter: immigration and border security are hot button issues this election, but the business community here in arizona are looking for more than rhetoric as they struggle with work force shortages in construction and hospitality and agriculture. they are worried that the outcome of the ballot measure and a competitive senate race could exacerbate the issue under the mieasure to allow to detain in the state in companies boycotted the state. john grahan graham says he worre same thing could happen again. >> that created a business stigma where conventions were

nasdaq winners, asml holdings up 5%., qualcomm, micron tech, all of them up in percentage terms 2% or better. the yield on the 10-year treasury hovering around 4.4 42 2%. earlier it had approached 4.5%. gold, $2,567 an ounce. keeps coming down. bitcoin now at 91,7. oil well -- only just below $700 a barrel. it had gone down to 67, now it's 699. nat gas, where are we? $2.93. the average price for a gallon of regular, $3.08. and for california you will have to pay $4.48 a gallon. >>> coming up, it's been over a year since hamas attacked israel. hamas is still holding hostage. families of those victims hopeful that president-elect rump can do something about it. -- trump can do something about it. one of the israeli hostages, we'll hear from his family in the 10:00 hour. >>> trump turning to congress for his cabinet picks with elise stefanik, matt concern mike waltz and matt gaetz. i will ask congressman carlos gimenez, can they govern with a tiny majority? chicago's mayor johnson insisting police in his city will not help

>> yeah, i mean, listen, this is something we've been focused on since asml gave that booking guidances that buy this sort of equipment. it's not good enough this stock hasn't traded particularly well over the last couple of months that comment about d-ram, we watched micron, we see how that's been trading. samsung -- >> maybe they can pull up a samsung chart. this is one of the worst charts in the whole world pull it up >> there you go. we're trading the globe here, tim. >> i think you're right. and i think, again, there was that confusion around -- again, taiwan semi, we heard about this increased in foundry, they were positive but the d-ram decline in china is right back china used to be -- there used toe be mid-40s growth. now it's low 30s growth. it's 31% of sales. this is the story. so i think this is why the story probably doesn't get better even though i think you priced in a lot of bad news. that trend in terms of where china sales are going has yet to bottom. >> where are you on semis? >> i think just to bring in, we were talking about powell and inflation, but that is part o

where's asml? where's samsung?dership, i think it's the faultiest of that. it's the weakest under the surface. only 25% of semis are actually above their 200-day moving average here. you do get good seasonality with semis. i would be more declined to fade the bounce in semis than chasing. >> i've heard some suggest health care is a good place to be. you say it's an oversold condition but a very pronounced down trend. >> yeah. that might be generous. when you look at the relative performance of health care, it's been making lower lows in any relative sense for the better part of the last two years. i need to see that inflect. there are some short-term positives here. you have seen maybe a little bit of life get breathed into pharma and biotech. but to say that health care is about to make some massive leadership change i think would be premature here. >> we'll leave it there. good seeing you, as always. >>> up next, we're tracking the biggest movers into this close. seema modi is back with that. hi, seema. >> hey, s

>> lower sales simple as that you add asml really guided down.rrisome because semiconductors go into so many things that's why probably nvidia will be important and that issue is holding up like a rock but some of these things have really, really crated so definitely on watch. good news is software is picked up and other areas have picked up darn well and as long as that continued jc nail did and other things while some things go by the wayside, we'll keep with the decent market. charles: yeah and software have been going like have been gone begging for a long time so what i did like too to your point not that software wept up but many of the names erupted higher like springs. so -- really is i think, critical point so with that in mind nasdaq, trading in a beautiful trading channel but right in the middle of it right now. where would you look for before considering buying? account not friday i can tell you that. the one -- interesting part about this market is the nasdaq is sitting right where it was four months ago now, after trying to break ou

now, so there's a whole group of these things coming on, as you said, the mainstream semiconductors, asmlor e, applied materials are coming in, coming in hard and i'd avoid those and look at these software names as they pullback if they pullback because right now we've got a little bit of momo. charles: it's so funny because those names you mentioned they are all up on fundamentals, right? i mean, we had a huge gain, i think we're at 35% so we took profits before the close, told our subscribers to and i just want to kick myself that night. i couldn't sleep. [laughter] but that's how it goes. how do you feel about this overall move, with the overall market? >> i just think the complexion and the perception changed with this election. you have to remember something. you had a candidate that not only we would have lost the trump tax cuts, but wanted to raise corporate taxes, and unrealize taxes, and the investment tax, and you know, as reagan said, there are certain people out there if it moves they want to tax it. now, we go to, we're going to end up probably keeping the trump tax cuts, and

. >> there are people, but asml is not here, right? >> asml doesn't make chips. >> okay. who does? micron? there are other foundrys. >> tsmc. >> they're trying. >> they are getting money to build stuff here. >> they are getting money to bring them here. >> intel was the only -- that was -- when everything moved out of the country, it's a commodity business. no one's left. >> at some point on the flip side, someone will look at intel and all of the lobbying money spent to get that money because they also probably had -- probably, by a long shot, had the greatest lobbying effort to get that money for themselves. no question. >> right. >>> the fed is going to cut, right? especially after friday after that 12,000 jobs whoeatever it was. the u.s. central bankers will meet thursday. the meeting was scheduled a day later than normal because tomorrow is election day. that's tomorrow? fed is expected to cut interest rates by a quarter point. crude prices are rising. opec plus down tries agreed to delay a planned december output increase by a month. it comes as weak demand especially from ch

join asml in supporting second harvest. donate today. space.the new frontier for one of my billboards. wherever there is or will be people, there's sure to be accidents and insurance companies willing to go to great lengths to deny claims. well, too bad, because i go to greater lengths and i win big. so wherever you are or will be sweet james will be there to go to the moon and back for you. if you get injured in an accident, wherever that may be. call sweet james honey baked how it glistens. mac and cheese so delicious. sweet potato souffle ham and turkey. hooray! feasting on some honey baked on every bite is a celebration with a honey baked ham company. the fort store, morgan hills. get holiday ready sales event is going on now. we have over 180 suvs all at our low bottom line sale price. lease a new bronco sport for only 289 a month. only at the ford store morgan hill. help make wishes come true for local children with critical illnesses. visit wish org slash greater bay slash givingtuesday and donate to make-a-wish greater bay area. welcome

where is asml, samsung? tech is probably the most split of any sector in our work. lisa: i love you're talking about specific stories. is macro broken down, the bond-start correlation is divorced? and you can't gauge anything by that? chris: there is a lot about the move in bond yields about the last couple of weeks, but i would put it in a little bit of context. i don't think the people realize this. it sounds counterintuitive but is historically true. following rate cuts they go up. you had about a 75 basis point higher over 12 weeks that ultimately resumed lower. i think importantly, as well, as rates have gone up, what hasn't happened is there has been no weakness in credit. triple c spreads are on the low. maybe a hint of spread widening, but for the most part credit conditions aren't confirming the move in yields. lisa, as you noted, the surprise index has confirmed the move in yields. i know that the front page of the new york times on saturday and ft on saturday was about the move was about trump odds. i'm not so sure. the data has been pretty good and the c

asml shares are higher in amsterdam trading after announcing its bullish long-term outlook.ge anywhere from $46 billion to up to 63 billion dollars according to a statement issued as part of its investor day taking place today. the announcement is a relief earn -- leaf after order intake took a hit in the third quarter, falling short of estimates and triggering a selloff in the stock last month. that is your bloomberg brief. jonathan: up next, we will set you up for the day ahead. looking ahead to chairman powell at 3:00 p.m. eastern time. and we will catch up with a familiar face. the latest with brammo after the break. ♪ ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan

we need partnerships with companies like tsmc and asml, we're not going to have the resilience that'sits next to me, you hear him say it all the time. the robots are coming, and we don't have the birthrate. we have the genius. we don't have the work force that we need. we have some of the smartest people in the world. there has to be pure optimism. pure optimism is the world i find myself in when i talk to the amazon people and apple people. these are nation states, first of all. these are not -- we see states, rhode island gets it. oklahoma, those are all important. but then there's amazon, and there's apple, and there's microsoft, and there's nvidia, and there's meta, and these are big institutions that want to do what's right and are really helping our country. jonathan cantor from the antitrust justice department, his law firm was my law firm. i would tell you they may be our aces in the hole. everything i have heard tonight, they may be trump. bridge trump, doesn't get talked about. i don't know. but it makes me optimistic. because the companies themselves are thinking about thes