, bito, bito, bito!welcome back.t i'm rahel solomon. here's your cnbc news update at this hour. president joe biden is on hise1 way to it lee for this weekend's g20 summit he boarded airw■ force one this afternoon evenç■ though there is no clear agreement among democrats on his build back better xl■1agenda. pope francis abruptly canceled a live broadcast of their get together. >>> the ceo ofe■ american airlis diverted a flight to california after a flight was diverted to denver because a man allegedly assaulted a flight attendant in an attack the ceo titled vicious. >> we wille■ not tolerate violee of any time toward our crew members or team. this type of behavior has to ox■ stop. fighters and supporters gathered outside gracie mancz to protest mayorr mandate for first responders tony is the deadline to get at least one shot city reportedly making contingency plans fori] staffing shortages for staff perhaps not willing to get the shot. tha >>> morex■ó■■■news out of facebk which just announced its name ch

, bito, bito, bito!. bitcoin-linked etf. this halloween, xfinity rewards is offering up some spooky-good perks. (crowd cheering) - bito, bito, bito, bito! like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. lauren: it is not just homes but vacation homes that are red hot. madison alworth is in high-end naples, florida, where some people are buying mansions to double as their office. madison, how much are they spending? >> well, on average homes in naples are going for between one and two million dollars. those buyers they want space. that is why we're seeing increase in interest on the west coast of florida compared to the east coast, miami, fort lauderdale. here not only get more space but pay lower proper

, bito, bito, bito! [announcer] bito, the first u.s. bitcoin-linked etf. >>> welcome back to "the exchange". >>> with the market sitting at records everyone is interested in stocks again and it has been driving up profits in investment banks. steeple reported record climb assets up 25% from a year ago, but the company posting the second best quarter ever joining me with more on earnings and the potential headwinds for markets, ron kacshesky with stieffel good to have you back. do you think your company can continue to post performance like this, you know, quarter after quarter or is it sort of a one-time perfect storm in a good way? >> i don't think it is a perfect storm but i have to tell you, kelly, revenues are up 30%, profits up 70% i wouldn't say we're going to post that quarter after quarter at all i mean what is going on, it has been a very strong market for us our performance has been phenomenal since the pandemic. we sort of epitomize what is going on, and that is demand for services, our servic

, bito, bito, bito!nouncer] bito, the first u.s. bitcoin-linked etf. shares higher by 7.5%. today's rally comes despite a preearnings miss and warning that the 2021 revenue growth rate would be slower compared to 2020 it outperformed the broader market and tech sector let's bring back in shopify president harley finkelstein good to see you. >> thanks for having me. >> good to see the premarket dip and the stock surging. anything to worry about about the slower growth rate >> sarah, i think shopify's flywheel was on full display this past quarter. remember, it took 15 years for us to get to $200 billion. just 16 months to double that. we've done more than all of 2020 it's 35% up year over year i do think we're seeing a more normalized spending environment, but we're seeing more merchants use more of our services, and that's led to $1.1 billion for the quarter, and i think this is a new world, and it's becoming clear shopify is building the infrastructure for commerce. every single year there seems to be a

, bito, bito, bito!r] bito, the first u.s. bitcoin-linked etf. >>> i'm kristina partsinevelos here is your cnbc news update. in wisconsin, a highly anticipated non-partisan election audit found in evidence of widespread fraud. the report says wisconsin's elections are quote safe and secure in minneapolis, a police officer has been charged for a deadly pursuit that killed a motorist brian cummings is being charged with manslaughter and criminal vehicular homicide cummings was pursuing a stolen vehicle at nearly 80 miles an hour when the crash occurred. >>> subways in the nation's capitol will run with sharply reduced service through at least the end of the month the local transit authority removed about 60% of the system's rail cars following a derailment last month. it is working on plans for repairs before the cars can go back into service. >>> in indianapolis you have a house reduced to debris by a violent explosion. six people, including a firefighter, from injured. all have been hospitalized authorit

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, bito, bito, bito!cer] bito, the first u.s. bitcoin-linked etf. this halloween, xfinity rewards is offering up some spooky-good perks. (crowd cheering) - bito, bito, bito, bito! like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. liz: let's bring up vivid seats making its nasdaq debut, right now, its stock is trading higher by 1.5% to $12.45 high of the day at least, $12, well let's see , today's range $ 12.70 the low, 11.11 this happens after its merger with spac horizon acquisition corporation, giving the company a valuation of $1.95 billion. it's a secondary ticketing platform, meaning, you have tickets, you can't use them, somebody got sick, you forgot it was your wife's anniversary, so you resell them

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. ♪ (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! [announcer] bito, the first u.s. bitcoin-linked etf. (sfx: video game vehicle noises, - bitohorns beeping,)ito! (engines revving, cars hitting one another.) (sfx: continued vehicle calamity.) just think, he'll be driving for real soon. every new chevy equinox comes standard with chevy safety assist, including automatic emergency braking. find new peace of mind. find new roads. chevrolet. you have the best pizza in town and the worst wait times. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire oh! are you using liberty mutual's coverage customizer tool? matching your job description. so you only pay for what you need. sorry? limu, you're an animal! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ liz: 45 minutes away from ford reporting numbers after the closing bell, down about 2.5%. expected and hit from the chip shortage like we talked with general motors

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, bito, bito, bito!r] bito, the first u.s. bitcoin-linked etf. sc ♪ >>> welcome back to "the exchange," everybody s&p back above 4,600 it is the first time it has ever happened intraday highs today for the s&p and the nasdaq, even though stocks in general are up anywhere between .1 and .2% this hour >>> u.s. steel is surging after beating expectations they announced a $300 million stock buy back and increasing dividend from 5 cents a share to 1 cent mohawk getting a haircut after a slight miss on revenues. the company telling investors it expects challenges to continue, saying, quote, rather than improving as expected the availability of labor, materials and transportation became more challenging resulting in higher costs in the period. they go on to say for the near term we do not foresee significant changes in the external pressures, giving shares down 11% for the worst day since july last year >>> zen desk not so zen today, on pace for the worst day since march 2020 after reaching a deal to buy the pa

, bito, bito, bito!nouncer] bito, the first u.s. bitcoin-linked etf. >>> welcome back to "closing bell." moderna shares hit on a bearish analyst call today and pfizer releases new data for vaccines for kids hi, meg. >> let's start with pfizer the company posting new data this morning for kids 5 to 11 on the vaccine ahead of a fda advisory committee meeting on tuesday and in that document they showed 90.7% vaccine efficacy in that age group and a time when delta was the prevalent variant. before this we had seen antibody data expecting it would be good protection and the safety profile is good and that will be the discussion on tuesday with the advisers ahead of a fda decision and the cdc the following week taking on this and potentially becoming available to kids by 5 by the first week of november to moderna and initiation bank taking issue with the valuation of moderna saying it's 30% overvalued right now it would have to maintain double digit billions in covid revenues or to get there with other produc

, bito, bito, bito! the first u.s. bitcoin-linked etf. moving is a handful. (crowd cheering) - bito, no kidding! bito! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. ♪ ♪ liz: breaking news, china has just locked down a city of 4 million people after a rather small coronavirus outbreak, 6 cases, has occurred in the northwest part of the country. china, obviously, moving quickly to extreme measures to clamp it down. this as the u.s. hopes to push its vaccination effort forward, and big news could come within the next, i don't know, 40 minutes, we don't know yet. right now an fda advisory committee still meeting virtually. yes, the public can watch it. they're si

, bito, bito, bito! [announcer] bito, the first u.s. bitcoin-linked etf. >>> i'm kristina partsinevelos here's your cnbc news update at this hour. on capitol hill, attorney general merrick garland is responding to republican senators criticizing a new justice department initiative targeting threats of violence against school board officials they say it's designed to help silence parents' concern about anti-racism lesson asks mask policy garland counters that a memo outlining the initiative only talks about violence and threats of violence. >> makes absolutely clear in the first paragraph that spirited debate about policy matters is protected under our constitution that includes debate by parents criticizing school boards. that is welcome. the justice department protects that kind of debate. >>> in rome, there will be tight security for this weekend's g20 summit around 6,000 police officers and 500 soldiers will be deployed. and a special unit will monitor protests incase they turnt violent. president bid

, bito, bito!nouncer] bito, the first u.s. bitcoin-linked etf. >>> total share returns has not been that good we know, david, there's been also sabre rattling between elliott artners, and that's -- now in this quarter they announced today i thought was good, stocks down really fine, but i spoke exclusively to the ceo last hour, and i want to show you part of what she told me go ahead >> obviously we're excited with the quarter, a look that our hard work over the last four years is working we're firing on all cylinders. double-did you get growth on pharma and vaccines, and proof that the pipeline is bearing truth, and a real acceleration of consumer healthware growth, looking forward to lots of key readouts over the year ahead, stepping up for a step change in growth next year for gsk, and very much on track to the de-merger of a world-class consumer health business next summer. >> you have a lot of people in it for the different, and are there many people concerned that perhaps after the de-merger,

(crowd cheering) - bito, bito, bito, bito!! (crowd cheering) - bito, bito, bito, bito! so we're giving every business, our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing camera? yep! every business deserves it... like one's that re-opened! hi, we have an appointment. and every new business that just opened! like aromatherapy rugs! i'll take one in blue please! it's not complicated. at&t is giving new and existing customers our best deals on every iphone, including up to $800 off the epic iphone 13 and iphone 13 pro. >>> we'll get back to netflix. despite what was a beat of earnings estimate yesterday. they touted the success of shows such as "squid games." on its earnings call and what that means for the future of streaming giant. >> imagine a future "squid games. and it comes with interactive gaming options built in. then the off netflix aspects, consumer products all of that coming together. so, a company like disney still ahead of us in some of the dimensions inputting the

(rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito!uncer] bito, the first u.s. bitcoin-linked etf. ♪ >>> welcome back, everybody. just off session highs, dow was up 110 it is currently up 92, that's a quarter percent gain, but nasdaq is outperforming today let's check the sectors where energy is leading after posting the sixth straight week of gains. here are some of the biggest movers at this hour. not huge energy, materials up about 1.5% elsewhere moderna is getting a nice bump after announcing the covid vaccine produced a strong immune response in 6 to 11 year olds the company will submit information to regulators. kimberly-clark is on pace for the lowest close since april of 2020 they missed earnings expectations they lowered guidance saying results were negatively impacted by, you guessed it, significant inflation and supply chain disruptions emanating from china. knb is down 3% today a look at tesla. this stock crossed the $1 trillion market cap at the top of the hour, currently around 994. i think we'll have to check but it is p

, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. >>> welcome back i'm rahel solomon. here's your cnbc news update at this hour. no disciplinary action for the current general manager of the winnipeg jets. he was an assistant manager for the chicago black hawks when player kyle beach claimed he was sexually assaulted by a coach. the two other executives who heard the complaint resigned this week. general managers, stan bowman and quinnville, most recently the head coach of the florida panthers. >>> sportco is in preliminary talks to build a stcasino next o its hotel. >>> doctors have told queen elizabeth to rest at least two weeks. she was in good spirits while awarding a medal for poetry last week but canceled a trip in addition to her previous plans to attend the cop26 climate summit in scotland 95 years old and being told, relax. >> i will say it again woman is my hero. >>> a u.n. climate summits that the queen was hoping to go to, cop26 six kicks off next yooek world leaders

, bito, bito, bito!ving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. >>> welcome back 29 minutes, 28 1/2 minutes left of the session let's dive into some individual market movers. shares of draftkings are moving higher on news it will not make a firm offer for sports betting company intain saying it's confident in its ability to maintain leadership and grow in north america without the acquisition. the shares of draftkings up 4% of course, intain down sharply down today here's a check on walmart. and the cnbc investing club newsletter, jim cramer writes he's trimming his position on walmart. walmart climbs back to levels nearilities 52-week highs and cramer says now is time to take some profits off the table for the charitable trust the stock is down about

(crowd cheering) - bito, bito, bito, bito!halloween, xfinity rewards is offering up some spooky-good perks. (crowd cheering) - bito, bito, bito, bito! like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. ♪ david: a new bombshell report from the "wall street journal" revealing facebook's efforts to suppress conservative media outlets during the 2020 election, unleashing more allegations of political bias. fox business' gerri willis is here to explain. >> reporter: hey, david, that's right. a bombshell new report, you said it, from the "wall street journal" showing some facebook employees attempting to remove conservative outlets from the social media platform, and that's where about 30% of americans get their news. breitbart, one o

(rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! bitcoin-linked etf. moving is a handful. (crowd cheering) - bito, no kidding! bito! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. ♪ >>> welcome back all right the global supply chain diss rugs means a huge challenge for businesses and consumers alike so much so president biden announced last week ha the port of los angeles will stay open 24/7 to help easy congestion my next guest says while it will help the both neck it is here to stay as operating the port around the clock amplify key problems joining me is julie chin, using ai to connect shipments the truckers lilly, great to have you back. it is interesting to hear you do think this cou

(crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s.rowd [ chanting ] - bi evil dies tonight.o! [ screaming ] [ chanting ] evil dies tonight. [ screaming ] happy halloween michael. . >>> welcome back to "squawk on the street." rick santelli here at cme hq on manufacturing, 59.2, a bit of a miss sequentially following last month af's final read. this number is better than expected at 58.2 and 54.9 last month. let's compress it into the composite, also a couple points higher than our final read at the end of last month at 55.0. at 1.67%, ten-year notes are down a few on the day, but up ten basis points on the week, and bund yields hit an intraday high yield of minus 0.7, the highest intraday trade since may of 2019. "squawk on the street" returns after these messages t all. you have to deal with higher expectations and you have to lower wait times. with ibm, you can do both. your business can unify apps and data across your clouds. so you can address supply chain issues in real time, before they impact your bottom line. predicting and man

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. ♪ ♪ (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! bito, the first u.s. bitcoin-linked etf. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. oh! are you using liberty mutual's coverage customizer tool? whose resumes on indeed match your job criteria. so you only pay for what you need. sorry? limu, you're an animal! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ (vo) while you may not be running an architectural firm, tending hives of honeybees, and mentoring a teenager — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you help others. so you can live your life. that's life well planned. ♪ liz: but business is just darling for agriculture giant darling uningredients. shares -- ingreed gents. the animal feed company appears to be in the sweet

, bito, bito, bito!ck or treat!to! ♪ ♪ he is coming for me... but i'm coming for him. happy halloween michael. >>> wellical back. we're looking at the etf spotlight. and one of the top holdings, gilead seeing strong demand for r remdesivir but says other drugs 'rn't reach earlier estimates. wee going to take quick break here with the dow down 40. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq >>> welcome back i'm rahel solomon. president biden and the first lady, met with pope francis at the vatican today. meeting lasted about 45 minutes, according to the vatican and followed by the united nations climate summit in scotland early next week >>> u.s. traffic deaths soaring 18.4% in the first half of 2021. according to a department of transportation report that estima

, bito, bito, bito!announcer] bito, the first u.s. bitcoin-linked etf. everything you've seen me do was made possible by what you don't see. cause when you're not looking, i go to work. ♪♪ strength isn't a given. it's grown. it's earned and tested. ♪♪ we all have the strength to see what's possible. it's up to us to unlock it. tonal. be your strongest. >>> welcome back, everybody. here's a check on markets. we're about 60 points off session highs on the dow it's up 165, s&p up three-quarters of a percent, nasdaq up almost 1.2%. overstock.com is spiking and on pace for its best day since january. it's almost 25%, it's now doubled this year. it boat earnings estimates and doubled revenue from the same period two years ago, not last year the ceo was upbeat on the earnings call as you might imagine saying the company gained about 50 basis points in mark share from 2020 and its vast partner network reduces supply chain risks now 770% two-year performance for overstock. >>> chip maker global foundries is makin

, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. >>> 28 minutes left in the session. it's flat for the averages let's look at individual market movers shares of western digital tumbling after revenue miss. the chip company weaker than expected quarter guidance citing supply chain concerns. the stock is down 9% >>> time now for a news update kristina >> here is what's happening at this hour. we've got dangerous flooding closing roads and businesses in parts of annapolis, maryland flood warnings issued for more than a dozen counties. the national weather service predicts this could be the region's biggest tidal flooding event in the past 20 years >>> laetitia james announcing she'll run for governor of new york nooi. it comes the day after cuomo was charged with a sex crime of groping a woman. >>> and a report from the interior department says fossil fuel extraction from federal lands caused a fifth of all emergency related emissions. the change will allow the biden administration

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, bito, bito, bito!oin-linked etf. this halloween, xfinity rewards is offering up some spooky-good perks. (crowd cheering) - bito, bito, bito, bito! like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. ♪ >> i can't imagine any circumstance in which the patriot act would be used in the circumstances of parents complaining about their children, nor can i imagine a circumstance where they would be labeled as domestic terrorism. david: attorney general merrick garland denying claims that the justice department would label parents as domestic terrorists. reaction now from new york post columnist carol markowitz. carol, the point is -- which was never fully addressed by the attorney general -- his memo threatening

, bito, bito, bito!nouncer] bito, the first u.s. bitcoin-linked etf. >>> the nation's earning season, the realtime corporate score card, following a volatile quarter, strategies for investment, portfolio opportunities, team coverage and ever wonder how san francisco became the greenest big city in america? just ask the employee owners of recology. we built the recycling system from the ground up, helping san francisco become the first city in the country to have a universal recycling and composting program for residents and businesses. but it all starts with you. let's keep making a differene together. this halloween, xfinity rewards is offering up some spooky-good perks. like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our than

(rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito!uncer] bito, the first u.s. bitcoin-linked etf. >>> i'm kristina partsinevelos here is your cnbc news update at this hour. the only michigan official fired in the flint water disaster was likely a public escape goat who lost her job because of politics that's the finding of an arbitrator who is also ordering she be paid nearly $192,000 in back pay and other compensation. no comment yet on the ruling from the michigan environmental agency where she worked. >>> the white house dealing a serious blow to a proposed copper and nickel mine in northeast earn minnesota the biden administration has ordered a study that could lead to a 20-year ban on mining in the area the obama white house ordered a similar study the trump administration canceled it a shelter in place has been lifted at a maryland naval base that received a bomb threat. the site was locked down more than four hours. >>> patients taking to the streets to call for the liberation of the 17 members of a u.s. based missionary group

- [announcer] bito, the first u.s. bitcoin-linked etf. (crowd cheering) - bito, bito, bito, bito!igital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. >>> welcome back to "the exchange," everybody we are cles to session highs, dow is up 180. 200 the high water mark so far of the day up 31 at the lows. half a percent gain, dow is trailing the s&p and nasdaq, both up about seven-tenths of 1% here are some of the movers. the semiconductors, the smh higher again today there it is. no, that's nxp anyway, the whole sector is up about 2%, only 3% from last month's record others are also participating. speaking of chips, marvela is hitting a record high. it is gaining about 1.25% day. jim says he is locking in a gain of 180%. he is a long-term believe of the name and would be a buyer on a pull back. you can read about jim cramer's trades in his new newsletter the cnbc investing club. sign up by heading to nbc.com/investi

(rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. (sfx: video game vehicle noises, - bitohorns beeping,)ito! (engines revving, cars hitting one another.) (sfx: continued vehicle calamity.) just think, he'll be driving for real soon. every new chevy equinox comes standard with chevy safety assist, including automatic emergency braking. find new peace of mind. find new roads. chevrolet. you have the best pizza in town and the worst wait times. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ ♪ there are beautiful ideas that remain in the dark. but with our new multi-cloud experience, you have the flexibility you need to unveil them to the world. ♪ i've spent centuries evolving with the world. that's the nature of being to unveithe economy.e world. observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time. gold. ag

, bito, bito, bito! essence of evil. (crowd cheering) - bitothe boogeyman...to! needs to die. if you track michael's victims, it's a straight line to michael's childhood home. [ screaming ] tonight my family will kill him. [ gasps ] [ screaming ] >>> welcome back let's get to our etf spotlight a look at the airlines the ticker there, yeah, it's jets top holdings in the group reporting results before the bell this morning. american airlines is posting a profit thanks to more than $990 million in federal payroll support. by the way, that's not -- it's up 25% year to date. southwest, we talked to gary kelly earlier in the hour, it's under pressure it's, of course, seeing its mass flight cancellations and delays a couple weeks ago cost the company $75 million. as i said, gary kelly did join us to discuss the quarter and demand. >> july when we were here, we talked about business travel being down about 63% and we regressed. it's -- in september i think we were off about 73% these are all relative to 2019 num

, bito, bito, bito!nouncer] bito, the first u.s. bitcoin-linked etf. (kids chatter) pnc bank believes that if your phone can help you track your pizza come on, cody. where are you, buddy? then your bank should help you track your spending. virtual wallet® with low cash mode from pnc bank. one way we're making a difference. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> on "squawk box," ceos from american airlines talk quarterly numbers. outlook from travel trends to consumer demands tomorro ever wonder how san francisco became the greenest big city in america? just ask the employee owners of recology. we built the recycling system from the ground up, helping san francisco become the first city in the country to have a universal recycling and composting program for residents and business

(rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! [announcer] bito, the first u.s. bitcoin-linked etf. as i observe investors balance risk and reward, (i see one element securing portfolios, time after time. gold. your strategic advantage. ever wonder how san francisco became the greenest big city in america? just ask the employee owners of recology. we built the recycling system from the ground up, helping san francisco become the first city in the country to have a universal recycling and composting program for residents and businesses. but it all starts with you. let's keep making a differene together. this halloween, xfinity rewards is offering up some spooky-good perks. like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. >>> welcom

(crowd cheering) - bito, bito, bito, bito!uncer] bito, the first u.s. bitcoin-linked etf. this halloween, xfinity rewards is offering up some spooky-good perks. (crowd cheering) - bito, bito, bito, bito! like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. jackie: welcome back, everybody. the first crypto futures etf making its debut on the new york stock exchange and investors seeming to like it. bitcoin near a record high. constellation research ceo ray wang is here. ray, great to see you here. i actually thought there would be a better reception to the etf itself that seems to draw investors in. you're seeing positive gains in the actual cryptos but the etf isn't trading as strong. i want to get your reaction. maybe it takes so

(rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! first u.s. bitcoin-linked etf. black rock silver is bringing new life to a historic silver district, the second largest in the silver state of nevada with multiple recent high grade discoveries, black rock is well underway on the largest silver exploration program in america. black rock, silver. ♪ ♪ ♪ program in america. black rock, silver. ♪ ♪ ♪ deposit, plan and pay with easy tools from chase. simplicity feels good. chase. make more of what's yours. charles: facebook reportedly planning to change its name in order to align its brand more toward the metaverse. we're hearing that change could come as soon as next week. kelly o'grady is live with those details. reporter: charles, big tech changing its name is not unheard of. google rebranded alphabet to more accurately reflect its portfolio services. facebook operates whatsapp and instagram but ceo mark zuckerberg is bullish on the metaverse. we don't know quite what that metaverse is going to look like but zuckerberg says it is embodi

, bito, bito, bito!cer] bito, the first u.s. bitcoin-linked etf. ♪ i see trees of green ♪ ♪ red roses too ♪ ♪ i see them bloom ♪ ♪ for me and you ♪ ♪ and i think to myself ♪ ♪ what a wonderful world ♪ a rich life is about more than just money. that's why at vanguard, you're more than just an investor, you're an owner so you can build a future for those you love. vanguard. become an owner. you have the best pizza in town and the worst wait times. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> welcome back, everybody. let's catch you up on a few other stories that should be on your radar on this busy friday joining me, cnbc's bob pez sawnie and chief market strategist janet sanchez and todd gordon. they are both cnbc contributors. starting with beyond meat, shares down 14% after lowering revenue guidance for the third quarter, expecting or $106 million in sales compared to the original guida

(crowd cheering) - bito, bito, bito, bito!oin-linked etf. michael: this is the story of two brothers. david: my grandfather, pinchas. michael: my great-great- grandfather, rachmaiel. gigi: pinky and rocky. simi: there was an uprising in poland. david: and then the family broke apart. michael: they scattered around in different places. gigi: they worked hard. simi: and built new lives. michael: but rocky and pinky's families didn't see each other again... all: ...until now. david: more than 100 years later, ancestry helped connect us to our ancestors and each other. ♪ david: look at this, gang, 204 points to the plus side for the dow jones industrial average and that would be a record if it stays that way until the end of the trading day. the market has to stay above 35,625. it is well above that, over 30 points above that right now. we'll see if it stays there, but right now if it closes, anything close to this, we will have a new record for the dow. >>> travelers could be facing long waits and delay as worker shortages over p

(rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito!first u.s. bitcoin-linked etf. i've spent centuries evolving with the world. (that's the nature of being - bito, the economy.bito! observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time. gold. agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage. ♪ ♪. liz: breaking news we want to take you for joint base andrews, president joe biden is leaving joint base andrews, he's headed to scranton, pennsylvania to the bill back better agenda, he will arrive with negotiations on the human infrastructure bill appear closer to a breakthrough in order to cut the three and half dragon dollar price tag, democrats have abandoned the idea of free community college pushing the cost below $2 trillion, possibly satisfy more moderate democrats like joe manchin and kyrsten sinema who opposed the original price tag as did when they were republicans. w

, bito, bito, bito!announcer] bito, the first u.s. bitcoin-linked etf. paola needs a parachute. so, salesforce customer 360 unites your marketing, sales, commerce, service, and it teams around her. so they can deliver a great experience from anywhere. ♪ (whistle) ♪ it's another day. so they can deliver a great and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. >>> oil markets closing. >> hey, kelly, it is in the green because after yesterday's slight halt in the upward trajectory, oil back at it today. once again dropping. the market continues to be driven by the supply and deman

(rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito!r ♪♪ ashley: you got the power, but it's going to cost you a lot at least in one place. look at that gas price in a california town, $7.59. i looked it up, it's between san luis obispo and monterey. i guess the people who live there can afford it, but that is a lot, $7.59. well, thankfully, it's not quite that high across the country, but a new study is finding the spike in gas prices could mean less hundred to spend at holiday season. i believe that's called the captain obvious study. let's wring in jeff flock. he's live at a gas station in pennsylvania where i do not believe it's $7 a gallon. jeff. >> reporter: i cannot top that, ashley, sorry. you see that number back there for premium, $4, that's plenty for me. yeah, $4 is high. and the national average right now, if you put the numbers up, yeah, rate bad there too, $3.37 now, the national average. one year ago it was just $2.16. that is an increase of 56% and, yeah, it's starting to get people's attention. the latest fox news poll

, bito, bito, bito!st u.s. bitcoin-linked etf. this halloween, xfinity rewards is offering up some spooky-good perks. (crowd cheering) - bito, bito, bito, bito! like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. stuart: market opens in 14 minutes mostly lower but not by much. sliding share price beyond meat. they cut their revenue forecast citing a range of factors including the delta variance and severe weather making deliveries part of the stock is down 14%. a major loss for beyond meat. yesterday i was joined by the cofounder of the miami private school where a student gets vaccinated that student has to stay home for 30 days after the shot. >> there is no science, we are doing the research as we speak.

, bito, bito, bito!ve the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire it's another day. matching your job description. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. ♪ neil: all right, vaccine for kids as young as 5 years old, well, parents, it's now up to you. the fda panel that recommended this is also toying with a similar drug that moderna is proposing. jonathan serrie with the latest right now from atlanta jonathan. >> reporter: hi

(rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito!ou get to be 65, you have little patience (crowd cheering) - bito, bito, bito, bito! for nonsense and inefficiency. you know what works and you become a pro at pretty much everything. ♪ ♪ that's why when i qualified for medicare, i went with wellcare. ♪ ♪ with no cost or low monthly premium plans, and no primary care or prescription copays. they're pros at helping you keep more money in your pocket. ♪ ♪ yeah! other benefits include an over-the-counter allowance for items like toothpaste, cold remedies, and mouthwash. a flex card to pay for extra dental, vision, and hearing expenses. even giveback plans that send money directly to your social security check. you heard it straight from joe the pro montana himself, legendary quarterback and actual wellcare member. wellcare is a no-nonsense medicare insurance provider that's committed to giving you great benefits like $0 or low monthly premiums, and $0 or low copays on prescriptions and primary care visits, just to name a few. and all of t

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(rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito!o, the first u.s. bitcoin-linked etf. charles: so its quarterly financial reporting season. we call it earnings season for short. so far it has been impressive, although the focus is mostly on earnings and guidance specifically. at least this time around top line is really important. misses there have hurt stocks more than usual. perhaps it is the inflationary thing or ability or inability to pass along costs without sacrificing volume. that seems to be key right now. joining me to discuss, yardeni author of in search of praise and profits, ed yardeni. top line is having more impact than normal. what do you think that is all about? >> we have a fairly good earnings season going on. the one we passed in the second quarter, we saw earnings for the s&p 500 up 90% on a year-over-year basis and now the question is whether it will be up 25% or 35% for the third quarter. it will still be up substantially but the nature of the growth rates, they don't go up forever. at some point they do slow

back in a moment (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! the first u.s. bitcoin-linked etf. >>> welcome back, everybody. time for today's power movers. first up, big gains among the footwear retailers crocs reported a twong beat, that along with boot barn more than doubled they used air frayed as one way to avoid some of the supply chain and containership perhaps. >>> sports and outdoor retailers are higher kick's sporting got, academy sports and outdoors up finally, hp issued upbeat 2022 guidance, hyped their dividend to $1. and shares are up 20%. now to seemo mody and trading nation. >> we are watching snap ahead of earnings out after the bell. the social media network a surprising winner compared to pierce twitter and facebook managing to mostly escape the bulk of regulatory fears the stock up about 50% in 2021 can this run continue? let's bring in the traiting nation team, craig johnson and danielle shay. danielle at a time when we are trying to better understand the mental health impact of social media snap chat introducing family safe