>> julianna, thank you for the latest >>> let's get a check on the top corporate stories with bertha coombs good morning, bertha >> good morning, frank a developing story in europe the swedish coast guard recore reporting a leak on the nord stream 1 and nord stream 2 pipelines bringing the damaged sections to four natural gas has been bubbling up from the baltic sea for a week now with governments calling the actions deliberate and sabotage saying only a state could carry out an act. >>> and tesla is adding billionaire joe gebbia to the board of directors this follows the departure of larry ellison this past august tesla added ellison and the executive kathleen wilson to the board back in 2018 to comply with the s.e.c. settlement over alleged civil securities fraud. >>> and chevron sold its california headquarters and plans to move into a nearby leased space about the third of the size of the coverage offices. the move could inn sides with the location to texas. che chevron's main office has been in california for 140 years dating back to pacific coast oil company established its headquarte

bertha coombs is here. good morning good to see you. >> good morning, courtney. shares of the most widely held chinese tech stocks falling over the weekend as beijing ramps up covid very distributions as of this morning nearly every province in the country has new recordings leaving 60 million people in lockdown and more on edge over what new measures are to come. >>> shares of german listed volkswagen surging this morning. the company confirming plans it will list its porsche brand in what could be one of the largest european ipos in years according to the wall street journal, the offering could value the sports car brand as much as $84 billion. volkswagen will use cash to finance the transition to electric and self driving cars volkswagen intends to list porsche on the frankfurt stock exchange and offer to private investors in a public offering for late september or early october. >>> amazon says 25 million people watched the premiere of the series "lord of the rings:the rings of power" on friday amazon says it was the biggest streaming debut in company history

our bertha coombs is here. od morning, bertha. >> good morning, frank white house officials are reportedly preparingfor the potential departure of secretary janet yellen after the midterm elections. the process is still in the early stages, and the decision on yelin or other cabinet replacements have not been made. in addition to yelin, axios also says the national economic council director brian deese could also be departing as soon as next year. >>> lyft says it's freezing hiring until next year, citing the economy. it decided in may to slow hiring and rein in costs. shares are down 60% this year alone and up to 80% since 2019 they released a proposal meantime to restrict stock ownership and trading by members of congress. the president and vice president as well as supreme court justices and other high-ranking officials. the bill could be introduced to the full chamber as soon as today, but any vote on the measure is uncertain at this time in addition to equities, the bill's restrictions also cover commoditie

bertha coombs is here now with more on those. good morning >> good morning, frank a bill to fund the government is one step closer to be approved the deadline hours away. the senate thursday approved the short-term funding extension to avoid a shutdown it is set to take effect at midnight the measure heads to the house lawmakers expressed confidence there will not be a shutdown if the stop-gap bill is approved, it extends funding through december 16th. we'll be back here again in over two months >>> shares of micron facing whipsaw action on extended trading on the back of the fourth quarter results the first quarter results will be below expectations as well. saying it is taking steps to emerge from quote unprecedented market downcycle by scaling back on plans to build out capacity >>> apple facing a c-suite shake up tony blevins is leaving the company. the video shows him getting out of a vehicle at the high end car show and making vulgar comments about women. >>> new details about the elon musk ties to twitter amid the legal wr

bertha coombs is here with that. good morning. >> good morning, seema one of the largest unions in the u.s. is formally launching an amazon division with the sole focus of unionizing amazon worker that move by the teamsters which has more than a million members comes after amazon won their first victory in staten island, new york, earlier this year. no comment from amazon just yet. >>> bed bath and beyond hoping to ease some investor concerns around leadership and its turnaround plan promoting its head of accounts to an interim chief financial officer following the soucie of its cfo gustavo arnal. the stock closed down 20% yesterday. >>> high inflation hits consumers and businesses that's according to the deutsche bank's ceo speaking at a summit in frankfurt he said they need to act quickly, adding, quote, the longer inflation remains high, the greater the strain and the higher the potential for social conflict these were some pretty ominous words, seema. >> there it is again, the "r" word. >>> two areas getting hit

bertha coombs, important story bertha, thank you very much. >>> all right, now let's go to tyler mathisennews update >> brian, thank you very much. >> here's what's happening at this hour, folks an explosion destroyed the top floor of an apartment building on chicago's west side eight people injured, have been rushed to local hospitals. at least one car was crushed by flying debris. the cause of the explosion has not yet been determined. >>> in connecticut,conspiracy theorist alex jones has made his first appearance outside a defamation trial to determine how much he should pay for saying the sandy hook school mass shooting was a hoax jones calls it a show trial. it's unclear when he will be called to testify. >>> on the news with shep smith tonight, sifting through the damage from hurricane fiona in puerto rico, and the fight to resupply fresh drinking water on the island that is tonight at 7:00 eastern time and a little bit of normal now returning to kyiv. mcdonald's has reopened three of its restaurants in the ukrainian capital, this nearly seven months after closing all of its ukraini

. >>> let's get to the headlines with bertha coombs >> thanks very much.ere's what's happening at this hour a gunman with a swastika on his t-shirt killing 15 people at a school in central russia 11 children are among the dead, with over 20 of the 24 people injured also being children. according to russian investigators, the unidentified gunman died by suicide on the scene. the shooting occurred about 600 miles east of moscow a motive not immediately clear >> hurricane ian is moving near the cayman islands and closer to western cuba as it is now on track to hit florida as a category 4 hurricane later this week authorities in florida are beginning to issue voluntary evacuation orders for some low-lying areas with mandatory evacuation orders expected to be issued tomorrow. hurricane ian is also forcing nasa to further delay its anticipated artemis 1 launch by several weeks. nasa will roll the space launch system, rocket and orion spacecraft back to the assembly building for safety as hurricane ian continues to intensify and threaten parts of florida. the sta

bertha coombs has the cnbc news update >> hi, tyler thanks very much here's what's happening at thisstigation into possible sex trafficking crimes involving congressman matt gaetz will likely end without charges according to the "washington post." prosecutors in the case are not recommending charges against the florida republican the investigation began in 2020 and centered on gaetz' alleged relationship with a 17-year-old girl years earlier gaetz has denied any wrongdoing. >>> the death toll continues to rise after a boat carrying migrants from lebanon sank off the coast of syria at least 77 have been reported dead and officials fear the number will rise thousands have been trying to flee lebanon as the economic crisis worsens in that country >>> and so-called elections are underway in russian-occupied regions of ukraine the referendums ask people if they want to join russia and has already been condemned as a sham by kyiv and its western allies they say russia will manipulate the results, whatever they are, and use it as a pretext to annex parts of ukraine >>> tonight on "the news,

. >>> let's get to bertha coombs for a cnbc news update hi, bertha >> hey, courtney here's what's happeningr in baltimore prosecutors are looking to vacate the conviction of adnan syed for the murder of hei ming lee the case drew international attention on the podcast "serial. state attorneys say they uncovered new evidence including some on two other suspects which was not shared with defense lawyers. candidates who deny president biden won the 2020 election, a number of them will be on the ballots in 27 states this november according to a study obtained by nbc news total of 43 candidates for governor, attorney general, or secretary of state support former president trump's false claims that the election was stolen from him. >>> and a stroke of luck in philadelphia no one was injured, but a building containing a pizza shop collapsed in a cloud of dust the pizza joint was supposed to open just a couple hours after the building fell. key pizza in fish town, a very popular spot back to you guys >> all right thanks very much, bertha coombs. stocks trying to get positive. trying, trying, trying

did not exist the fbi special agent in charge called their actions the epitome of greed cnbc's bertha coombs is with us. man, how do the feds say this scheme was pulled off? >> you know, it's amazing. they're calling this the brazen scheme of staggering proportions. the doj accusing these defendants of creating fake companies that claim to offer food to thousands of needy children in minnesota, requesting a quarter billion in covid relief funds from the department of agriculture. but instead of filling hungry stomachs, prosecutors say they used the money to line their own pockets, charging the federal government for millions of fake meals. >> more than 120 million fake meals are at issue in this case. they did all of this in a little over 20 months these departments were executing their scheme fast. >> now according to an affidavit from the fbi, one restaurant collected more than $1 million in a single month, claiming to have fed 185,000 children, children who the doj says don't exist. the defendants allege to have made up fake names of kids using an online name generator at the heart of the

i'm bertha coombs. it looks like the market will open flat.nding its slide yesterday. move coming as yields and u.s. treasury bonds continue to move higher amid continued worries about the federal reserve aggressively hiking interest rates. looking at 30-year mortgage rates above 6%. >>> dow dropping more than 170 points, while the nasdaq posted its first seven-day losing streak since 2016. focus today, a report on the trade deficit and the fed's beige book which summarizes economic conditions around the country. >>> juul labs will settle an investigation by several states into its e-cigarette products which have been blamed for an increase in teen vaping. the connecticut attorney general announced the deal yesterday on behalf of 33 states and puerto rico. that probe which began in 2020 focused on juul's early promotion including product parties, viral marketing and using social media influencer. juul still faces separate lawsuits from other states and individuals. the fda is considering whether to ban its products altogether. >>> apple is hol

i'm bertha coombs from cnbc.d the third street week of losses and continued worry about the federal reserve hiking interest rate as it fights inflation and signs of nasdaq extending its losing streak to six days on friday. that'swhe the dow erased a near 400-point gain to close down by p.m. 1%. focus today we're waiting on a report on the nation's services sector. meantime, porsche is revving up to go public. volkswagen is listing the sports carmaker in one of the biggest ipo in years. it could value porsche at more than $80 billion. that would make it more valuable than all of volkswagen itself which includes the vw and luxury brands. it bought porsche nearly 15 years ago. the ipo expected to take place later this month or early in october. >>> citigroup meantime is expanding lending to people without credit scores. the "wall street journal" reports that citi will launch two pilot programs early next year with the federal government. one will issue credit cards to people without credit scores, and the other will

bertha coombs has it for us. >> here's what's happening at this hour, wholesale prices fell for a second month in a row, that helped lower inflation to 8.7%, the lowest reading in a year gas prices fell 12% in august while food prices are unchanged. the cpi, which excludes food, energy and trade, rose .2% railroads are among the biggest losers today union pacific has been down as much as 5%, csx and norfolk southern have fallen 4% apiece they've begun curtailing some freight service in preparation for a possible railway strike this week. in washington more meetings to resolve that mail dispute. any negotiations this morning to hopefully stop the strike on friday, which would be disruptive. >> bertha, thank you so much. >>> check out shares of twilio, the latest company to announce job cuts, preparing to cut by 11%. we'll have more on the weakness in cloud stocks. twilio up nearly 7% on that news we'll be right back. i've always loved building things. not just structures and skyscrapers, but teams who make it all possible. after all... we wouldn't be where we are today without them. so we

. >>> bertha coombs with an update >> here's what's happening at this hour.urricane ian is closing in on the cayman islands before hitting western cuba ian is expected to hit florida's west central coast as a major category 4 hurricane on wednesday. >>> in italy a party with neofascist roots, the brothers italy, has won the most votes in sunday's national elections. the party is set to lead the farthest right leebing government since world war ii and make its leader italy's first woman premier. >>> and canada is removing all covid restrictions for travelers entering the country mask requirements on planes and trains are also being dropped. the rules will change on october 1st. finally, say good-bye to the pro bowl the nfl says it will replace the game, which has been played since 1951, with the week of skills competitions at a flag football game. new format designed to lower the risk of injuries while at the same time raising the level of play and ratings you know what would be a big ratings boost, morgan, if they had an end zone dance contest. i would really

a news update with bertha coombs. >> how are you, carl what's happening at this hour.me prices, going down s&p/case-shiller inshowed more than 2% less than the previous month and the biggest one, month drop, in the index's history consumer confidence up second month in a row thanks to part to falling gas prices recent gains followed three straight months of decline as inflation surged walmart teaming up with a fertility start-up to offer family-building benefits to its employees. services include fertility, surrogacy and adoption support. >>> for the first time, elon musk tops the richest americans list and the first person in the annual ranking's history to hit a quarter trillion dollars in personal wealth. mark zuckerberg, meantime, lost more than half of his fortune over $75 billion fell from third most rich american to overall 11 forbes says the 400 richest americans lost a half trillion dollars over last year the first drop for the super rich since the great recession a lot of small violins playing. >> took the words out of my mouth, bertha. >>> meanwhile, stocks

. >>> let's get to bertha coombs with our cnbc news update. >> here's what's happening at this hour. former u.s. secretary security contractor edward snowden has been granted russian citizenship. snowdon has been living in russia since 2013 to escape prosecution in the u.s. for having leaked secrets about american surveillance programs. >>> in rio three people have died during a police operation against drug gangs traffic on some main roads ground to a halt as commuters reportedly left their cars to take cover from bullets flying overhead. >>> and back here at the white house, president biden welcomed the atlanta braves to celebrate their world series win from last year he called their come-from-behind victory one of history's greatest turn-arounds. >> you made the playoffs and beat the brewers and dodgers, and then you beat the astros to win it all, forever known as the upset kings of october >> well, looks like they may be headed back to the playoffs for another chance at maybe winning another series back over to you, tyler. >> they are extremely good they've been neck and neck wit

let's go to bertha coombs now for more on what might be making health care attractive to investors right. bertha >> health care has been seen as a bit of a port in a storm, but in a rising-rate environment, the stocks are paying healthy dividends led by the drugmakers which have a yield of 2.6% on average. viatris tops the list with a 5.4% yield gilead has a dividend yield of 4.67 and organon is at 4.3%. a big reason for these yields is the decline in their stock prices two of them hitting new lows yesterday. but when we did a proscreen for above average dividend players with high buy ratings, two names stuck out. more than half of analysts covering abbvie rate it a buy. it's a 3.9% yield and dividend of $5 and 54 a share it's one of the top dividend picks at b riley meantime, almost two-thirds of analysts rate pharmacy giant cvs health a buy at a 2.27 dividend yield, it's one of the best health services payers right now and its performance is better than most. you can read more about our screen of health care dividends plays on cnbc pro. >> thank you. >>> tyler, we were told health care

innovation fund has been underwater all year it is down 60% year to date as of now let's go to bertha coombs a cnbc news updates. hi, bertha >> hi, tyler here's what's happening at this hour in russia -- russian-held parts of ukraine counting of votes has begun in the referendums, or so-called referendums on joining russia kyiv and the west have condemned the referendums as shams initial results from ukrainians in russia show overwhelming support. president putin is scheduled to address russia's parliament on the referendums on friday. those lawmakers may consider annexation legislation as soon as next tuesday. >>> russians seeking to avoid fighting in ukraine continue to flood out of the country georgian officials say tens of thousands of russians have entered their country since putin announced efforts to recruit more soldiers for the war in ukraine kazakhstan says nearly 100,000 russians have crossed the border in the last week >>> and the u.s. is seeking allies on a global plastic pollution treaty that would challenge existing efforts to craft such an agreement. this according to reuters

become an agent of innovation with invesco qqq >>> we have a news alert bertha coombs has the story.ares halted actually for volatility cano is a value based care providing home health and primary care health for seniors and others in fact, we had the ceo on just last month the "wall street journal" now reporting that humana is looking, perhaps, to acquire, at least in exploring a possible acquisition of cano health the ceo was on "closing bell" just last month and we were talking about signified health having been one of the companies that, amazon united health and cvs health were looking at, cvs health winning bidding on that cano shares you see there surging now 37% on that news this is a really hot area right now, mike, in health care. >> yeah. apparently so. kind of moving on to the next deal opportunities, bertha thank you very much. >>> and cano health ceo, the same one, will be on the "exchange" tomorrow at 1:00 p.m. eastern time. >>> shares of eli lilly popping today after ubs upgraded its rating from buy to hold and raised its price target to $363 from $335. the rating chan

on efforts to change that, here's cnbc's bertha coombs. >> after 25 years growing new businesses at hormel his sights on a corporate board seat. >> what would be the best way to honor those who helped me. the best way would be to pay it forward, helping others to succeed. >> reporter: in june he was named a board member at american outdoor brands in july he joined them ripping the nasdaq bell. >> it was important that we had somebody on our board that would help us understand and really target what luis, our new board member would call the emerging consumer, and help us domestically and grow internationally. >> since the pandemic american outdoors customers are increasingly diverse. >> this is where you draw from the experiences of being exposed to business cases in different geographies or different cultures that will trigger ideas that perhaps your competitors are not seeing. >> reporter: racial and ethnic diversity is up in corporate board rooms since 2020 in fact, for the very first time, all 500 firms in the s&p 500 now have at least one diverse board member but hispanic board members

. >> bertha coombs, thank you very much >>> no more vaccine mandate in new york city. that starts next month the mayor, eric adams, faced questions today. he's faced a ton of backlash earlier he rolled back the rules for professional athletes and performers but he kept them in place for tens of thousands of public and private employees now his honor is starting to level the playing field, starting to. the mayor adams told reporters today he is not dropping the mandate for city workers, at least not yet. >> our vaccinated workforce kept the city open and operating. 300,000 employees, it was crucial to put it in place and we are keeping that in place we think it's imperfative to sen the right message and lead by example. >> new york city is going to keep the same requirements now health officials are calling for changes to prevent and treat efforts. this after a 26% rise in new syphilis cases last year that's the highest rate in more than two decades gonorrhea and hiv also on the rise the director of the cdc prevention is calling for reducing stigma, broadening screening

biontech both down more than 8% at this hour those comments making moves in the market let's get to bertha coombs a cnbc update. >> here's what's happening at this hour. queen elizabeth's coffin is now in the vault below st. george's chapel at the end of her committal service before her coffin was lowered, the queen's crown, orb and scepter were removed king charles placed the banner on the coffin. the private burial is set to begin soon. >>> an american who had been held hostage in afghanistan since 2020 is now free navy veteran mark freericks, his release came in exchange for a convicted taliban drug lord jailed in the u.s. secretary of state antony blinken says his freedom is the result of months of work by u.s. officials. >>> and while puerto rico is still dealing with the flooding and blackouts from hurricane fiona, hurricanes in california are threatening mud slides there. the storm is helping contain wildfires across the state no growth was reported for the mosquito fire near sacramento. that allowed some evacuation orders to be lifted or downgraded crazy weather out there. back to you. >>

bi bertha coombs joins us on that >> health care has been seen as a port in the storm during this mark rate environment, the stocks are also providing some healthy dividends led by the drug makers who have a yield on average of about 2.5% viatris topped the list with a 5.4% yield, but looking at the chart you can see why. there's gilead with indicated dividends of $2.92 a share that's a 4.6% yield. but again, that stock is down about 10% over the last year while merck spin-off organon is at 4.3%. a big reason again is the fact that these guys have seen their stock price decline so that has boosted their yield. most of them analysts are not in love with them but when we did a screener, a cnbc pro screener for above average dividend players that have high buy ratings and osabove average stock performance, two names stand out. first, more than half of analysts covering abbvie rated a buy, and everyone i talked to really likes this one. i don't know if it's because of botox, with a 3.9% yield and indicated annual dividend of more than 5.5%, it's one of the top picks for art hogan at the ri

i'm bertha coombs and here's your cnbc news update at this hour hurricane ian has slammed into cuba asds and up to 125 miles per hour ian is expected to strengthen further before hitting florida tomorrow night >>> dramatic video of the baltic sea boiling above the broken nord stream 1 and 2 gas pipelines. danish armed forces say the surface disturbance is more than 0.6 of a mile in diameter. the cause of the leaks is not yet clear, but poland's prime minister calling them, quote, an act of sabotage, without giving any evidence. >>> and in washington, jury selection has begun for five members of the oath keepers extremist group. they are charged with seditious conspiracy in connection with to the january 6th insurrection on capitol hill. >>> a majority of public school principals say they started this school year understaffed, according to a survey taken by the department of education. that is up from one in five schools being understaffed before the pandemic. among the hardest to fill jobs are special education teachers and transportation workers >>> carl, back to you. >> bertha, thank

. >>> welcome back corporate board diversity has seen a big jump over the last two years and bertha coombsime ever, every company in the s&p 500 now has a racially or ethnically diverse board member luis marconi is one we spoke to, not on a board of an s&p 500 company, named to the board of american outdoor brands just last june after 25 years at hormel, where he helped develop new markets. since the pandemic, the outdoor firm has seen its customer base become increasingly diverse, and that's why they wanted to tap the avid fisherman and diver in part because of that expertise he had with the latino and south american markets >> you draw from the experiences of being exposed business cases in different geographies or cultures that will trigger some ideas that perhaps your competitors are not seeing >> that is one of the things that is prompting a lot of companies to look outside of their usual groups over the last three years especially, the push for more representation on boards has now resulted in nearly 1 in 4 directors on s&p 500 boards being of racially or ethnically diverse -- a raci

. >>> let's get a news update with bertha coombs. >> good morning, carl. ukrainian president zelenskyy made a surprise visit to newly recaptured towns he thanked soldiers for their success in retaking land from russian forces and surveyed damage from the fighting zelenskyy says ukraine has liberated about 3,10 square miles of territory this month. >>> queen elizabeth has left buckingham palace for the last time her coffin transported by a horse-drawn carriage followed on foot by king charles and princes harry and william. the procession has arrived at the house of parliament. the queen's coffin will lie in state for four days in westminster hall. >>> hundreds of thousands of people are expected to pay respects later today the first of them are already lined up, standing in soggy weather for their chance to view the queen's coffin. >>> back in the u.s., nbc news projecting don bolduc has won the senate seat in his race against democratic maggie hasan, expected to be one of the most-watched battles in the midterm elections. back over to you >> remarkable, be