brian sullivan live in london with more. ak here on "power lunch," we are going to talk about why the gas prices have come down a bit the problem still exists, a new problem may have popped up between poland and belarus we will tie that to not only europe but to the russian and u.s. gas companies as well as wun vladimir putin's pipeline power play. that's next on "power lunch. growing up in a little red house, on the edge of a forest in norway, there were three things my family encouraged: kindness, honesty and hard work. over time, i've come to add a fourth: be curious. be curious about the world around us, and then go. go with an open heart, and you will find inspiration anew. viking. exploring the world in comfort. - [narrator] introducing the grubhub guarantee: our promise to deliver the food you love on time, and give you the lowest price, or you'll get $5 off your next order. >>> welcome back i'm that held solomon. here's your cnbc news update at this hour. winter alerts including the first blizzard warnings of the are

in london, here's cnbc's national correspondent, brian sullivan. >> the growing energy crisis in europeff a mad scramble for power, and a maddening just in costs. utilities raising prices by the most ever and here in the u.k., there's a real chance as the weather gets colder, lower income families will have to make some very tough decisions. >> the risk is frightening it's pretty brutal as well there will be millions of people who woents be able to heat their homes, make choices between eating and heating, scared of the debt mountain that's coming towards him every time they put their heating on they will be in dread of the consequences of it. >> even coal, left for dead in most of europe is starting to make a comeback. it's a scary time, and some are starting to wonder, could this happen in the united states. remember, in texas, the big freeze in february causing millions to be without power, and deal with skyrocketing prices when it did come back on. well, the good news that most expert says a europe type situation is unlikely because we have far more energy options, including our own

dom chu will update us on the markets, phil lebeau has the travel and brian sullivan has oil. but we start with the latest from meg tirrell. >> good morning, not a lot of clarity over the weekend the w.h.o. saying the risk to the world is considered high, but saying it's going to be a few weeks until we know the key answers to some of the most important questions, one is whether it's more transmissible, but they're watching that closely in the data, particularly from south africa and also other places. they note in terms of the severity that hospitalizations are increasing in south africa but not clear if it's due to increased severity or cases are going up we heard the reports that most of the cases are mild but experts are warning against us taking solace from that because it's early days, many of the cases have been in young erpeople the world health organization noting this may carry a risk of reinfection. the question is how does this affect the protection we get from vaccines and from medicines like the antibody drugs. we heard that multiple countries have confirmed or s

welcome back i'm dominic chu in for brian sullivan this morning.here's how stock futures are looking halfway through the 5:00 a.m. eastern time hour if you've been with us over the course of the past half hour, you've noticed a decline in the futures trade. when we first came in on air we were implied down 30, 40, 50 points or so the dow jones is implied lower by 100 points now. we're seeing a leg lower in the course of the past half hour or so and some folks are attributing this to the idea that austria has gone into full covid lockdown so those concerns playing out a little bit there what's going to happen to elsewhere around the world, here in the u.s., other places in europe, maybe asia as well you can see european markets are now at least modestly to the down side. the german dax just down about.1% and a similar decline for the ftse 100 and the cac also checking on some of the reopening stocks the companies that benefit as the economy starts to emerge from the covid pandemic. you can see united, american, southwest, delta airlines all down rou

good afternoon, good evening and welcome from wherever in the world you may be watching, i'm brian sullivan, thank you for joining us on this busy monday, so let us get right to it. the markets and your money after so much analysis and study and discussion over the weekend on what we still know and what we do not know, what we do know right now is that stock futures are bouncing back a little bit dow futures they're up 176 right now, s&p and nasdaq futures are also higher. tech may rebound the most today. if this holds nasdaq futures are up nearly 1% this follows a friday to remember, or forget, for stocks. many things happened all at once, you had news of the new covid variant breaking around the world, that spooked investors, many desks on friday short staffed due to the holiday and half day, so computer-based trading took over. and options traders may have been caught offside on their bet and had tosell that set to a nearly 1,000 point loss for the dow, down more than that the worst black friday for stock markets ever as stocks fell bonds got bought in a panic rush to safety. ten year yi

you're watching "worldwide exchange" right here on cnbc >>> good morning, i am dominic chu in for brian sullivan today. here's how your money and global markets are setting their day up on this holiday shortened trading week stock futures indicating some decent gains at the opening bell the dow higher by 134 points, s&p by 16 and nasdaq by about 70 points or so this was after the s&p was able to eke out a gain of a third of a percent last week. tech was the winner, up more than a percent while the dow was down by a similar amount, notching its second consecutive weekly decline a check on the bond market as well the benchmark u.s. 10 year treasury note is yielding 1.57%. the two year a hair above, .53%. the 30 year 1.93 you're seeing an elevation across all parts of the yield curve. >>> oil prices on reports that japan is working to release oil from its strategic reserve following the request by president biden. currently wti, $76.19. for the january futures up .3. ice brent $79.09 up about.25% >>> crypto prices amid a volatile weekend in action bitcoin prices down by nearly 4% 57,218 ether price

good afternoon, or good evening and welcome from wherever in the world you may be watching i'm brian sullivan and it is good to be back with you after what has been a crazy past few weeks, globe hopping and show hopping let's jump in and check your markets and money. stock futures are down a touch about .2, .3%. dow futures now slightly higher as well. that's the way it's going to go. thursday is thanksgiving, we have a half day on friday. so very possible we see a slow in trading today ahead of the thanksgiving holiday as well just keep that in mind which can sometimes make the moves more volatile. not a lot of volume so any price swing may move it, dow up a touch, nasdaq down the dow monday notching a slight gain nasdaq and tech down about 1%. the small caps getting smaller, the russell 2000 fell for the fourth session bonds playing a role in the selling, the ten year back up above 1.6% with voices saying the fed may have to raise rates, that's not the taper, that would be an old fashioned rate hike. this is big. we have to check the price of oil this morning there are more calls from the m

you're watching "worldwide exchange" right here on cnbc >>> good morning i'm dominic chu in for brian sullivan today. here's how the global markets are setting up stock markets indicating slight moves, dow higher by 54 points, s&p 14 points to the upside and nasdaq up by about 82. this is a time when all three major indy cease fell by half a percent on wednesday let's also get a look at treasuries here. the 10 year turning lower on the heels of the october housing starts data. right now the 10 year just a hair below 1.6%, 1.598 the two year rises to just above 50 bases points. and the 30 yearlong, just about 1.99%. let's check the crypto market. bitcoin prices right now roughly down 1.75%, 59,344 so a drop below the 60,000 ether down to 4,207. litecoin down to 216 there and julianna tatelbaum is live in london with a look across the pond. >> european investors this morning seem to be pausing for breath after the run in equities this morning, the stoxx 600 has opened flat. we had moves in both directions, but overall a muted start. the stoxx 600 is up for the week so on pace for a seventh posit

brian sullivan is live in london looking at how bad things could get if the weather gets really cold is all in the weather's hands right now. i will give you an example for the five-year average price if you run it guy natural gas is at 18 bucks. it is now at 79, up 400% that's off its high of a couple of weeks ago it has been a worrisome time in england and in the eu as well. couple thing people say how did you get here? it wasn't one thing or one person to blap it was a lot of things happening at the same time four years ago england shut down its only natural gas storage unit they have to buy a lot because there was no place to store it then they went to renewables the problem is you need the wind to blow. the wind literally did not below blow they have no options no country produces for natural gas here than in england and then brexit. why does brexit matter they had a lot of power sharing deals across the eu. england is no longer a part of the eu now they have to renegotiate contracts. there is a fishing dispute with france which impacted power supply here's the point there is a

i'm brian sullivan, thanks for joining us happy election day, voters going to the polls today to decide who will be the governor of new jersey and virginia. virginia, by the way, the race to watch in america right now. could be a big day down there. >>> ahead of all that, getting back to the markets what we do, leave the politics to others futures they're kind of like the markets yesterday, flat to maybe not doing much, dow futures down .1%. it was kind of a meh start to the month overall for the big indexes, however there was a big pop on small caps yesterday with the s&p 600 and the russell 2000 rising more than 2%. futures not indicating much today. to bonds because the two-day fed meeting kicks off today with a rate call on wednesday remember, it's not just about rates with a taper, either the markets are also interested in whether fed chair jay powell is going to keep his job >>> let's also check, wheat, yes, wheat, prices for the grain, we don't just mention them out of the blue, they're at the highest level in more than eight years. that's right, wheat prices up nearly a nine-yea

. >>> good morning, to you i am dominic chu in for brian sullivan this morning, kicking off your tuesday with u.s. stock equity index futures looking towards at least a little bit you can see there, of stability at the opening bell. the dow is going to be opened up a modest 10 points if these moves hold into the opening bell right now. the s&p 500 down by less than 1 point and the nasdaq down by 3 so all told, very, very stable turning to crypto where it's not the case red across the board as bitcoin closes in on the 60,000 mark remember it was 66, 68,000 earlier just in the last couple of weeks bitcoin down ripple prices, ether, litecoin amid the other cryptocurrencies down on the day. ether is now 4,221 also watching physical gold prices hovering near five month highs right now futures up half a percent, 1,875 the last trade there. still down 1% on a year-to-date sbas but the last couple of months we've seen a move higher onto the move in the oil market. you can see here crude oil for u.s. benchmark futures $81.42 up .75% ice brent up about.6%, $82.68. they're saying supply is about to

good afternoon or good evening and welcome from wherever in the world you might be watching i'm brian sullivan thank you for joining us on what will be another very busy day on wall street. let's get to it on this final trading day of november. stock futures are down sharply across the board we're seeing dow futures off just about 500 points. nasdaq futures off about .6% if you want to find a silver lining at all, we are actually a little bit above session lows. you can see we hit those right around 1:00 a.m. eastern time this morning it is being attributed by some traders to what appear to be new comments from moderna's ceo to the financial times saying that he is worried about a, quote, material drop in his vaccine's effectiveness against the new covid strain ber 245 coops will have more on that in a moment it could be options activity or other technical factors also, either way the markets are nervous again. the ten year yield continuing to be below 1.5%, oil getting knocked more than 2% oil traded here just over $68 a barrel we'll get more on oil and what opec may now do on thursday. not l

i'm brian sullivan good to see you.e's how your money is starting the day stock futures are flat to slightly higher. flattish on the dow right now, but higher on the nasdaq we're seeing the nasdaq tech futures up .2% same with the s&p 500, the dow by the way despite being flat now is in the middle of a five-day win streak and in the middle of a five-week win streak if we end this week higher it's a six-week win streak for the dow and this is the longest one we've had since i think february of '19 you can correct me if i'm wrong. going back to the pre-pandemic levels of 2019 with a nine-week win streak >>> now to energy, and oil prices right now are a little bit higher on yesterday's close but they are still down from a few days ago wti crude 81.5 bucks today, opec and russia will meet to discuss their output targets. even though the meeting is virtually, it's one of the more important meetings of the year because oil prices have been surging over the last couple of months and president biden along with the leaders of ja

. >>> right now we will go to brian sullivan. >> investors gearing up for more hearings. the federal reserve is expected to announce it will begin to unwind the stimulus program put in place during the pandemic and lockdowns. and they will be talking about inflation running at a 30-year high. in focus today, you have a big number on u.s. manufacturing as well as construction spending. union workers at john deere are set to vote tomorrow on a new contract that will offer bigger raises and bonuses. that company trying to end its first strike in 35 years. it announced a new tentative deal this weekend on a six-year deal. more than 10,000 workers at 14 plants in america and canada are on strike. at apple the item with the longest wait time is low tech. the most back ordered product is apple's $19 polishing cloth. if you order the cloth right now you could wait 10 to 12 weeks before january at the earliest before it arrives. the -- >> wow, can't go like this. >> probably shouldn't, but i do, though. >>> stay with us here on "today in the bay." when we come back, kari will be t

afternoon, or good evening and welcome from wherever in the world that you may be watching, i am brian sullivan, happy friday, let us jump right in there's a lot to do, the s&p and nasdaq posting record closes yesterday, near on pace for their fifth straight week of gains right now. no indication of which way things are going to go nasdaq futures up. dow futures down a bit it's been a great week for most tech stocks, nasdaq up nearly 3% since monday, which means unless it completely tanks today, the best weekly performance since april. >>> the nasdaq is up nine sessions in a row since an 11 day streak ended in december of 2018 so we rise today and monday we tie that streak of nearly two years ago. >>> also keeping a close eye on oil after opec plus stuck to the plan yesterday and snubbed pleas from the white house to pump more oil to help gas prices. opec saying they don't have the ability to increase output and worried about covid slow downs potentially in the winter. it's possible, probable that president biden could order oil released from the reserve all part of an effort to slow down the i

i'm brian sullivan and this week we are right there, putting the worldwide and "worldwide exchange." we are live from london. we're not just hosting the show from this fine city but we're doing big days focussing on what could be a very expensive and maybe very dangerous energy crisis around the world this winter as the uk, europe and china all scramble to buy natural gas and even coal. today we lay out how we got here and where it likely leads. that is all day here on cnbc but right now we have a lot to do on "worldwide exchange. it's a very humane today, i might say, let's check your monday money, a decent start to the uk, futures on the dow higher the nasdaq down maybe 1.1% all the major afterverages at rr highs. we will tie the 11 day win street set back in december of 2019 sounds like that could be an rbi. the dow also on a weekly win street as well a lot of streaks at stake this week part of this because bond yields remain low the ten year yield below 1.5%. we continue to watch crypto. specifically ether topping 4,700 for the first time ever it's now up more than 500% this year

meantime the uk bracing for that energy crisis this winter prices surging as winter does approach brian sullivanive in london today. hey, brian >> hey, carl, thanks very much this is a serious global story not only an inflationary story but human lives story because it's dangerous to people in england and continental europe facing sky high bills. i will get to that we talk about the reopening trade and well, you only reopen once as we've reopened demand for everything as we know has gone up let's talk energy. look at some of these moves off the lows of the closure in march. oil has gone up, seems small compared to natural gas in the u.s. that has doubled, coal prices doubled but natural gas in europe up 3.5% lng into asia up 450% off the march lows what does this mean? what it means is that utility companies in the uk and parts of europe having to buy a lot of this stuff on the market to meet demand, wind in the uk have not performed, they are having to buy this at increased prices they are not able to pass those prices completely along to their consumers, but they just instituted the biggest si

a great explainer, we appreciate it brian sullivan for us afternoon."the exchange," everybody, but we are just getting started here "power lunch" begins right now >> indeed it do, kelly, thank you very much. we will see you in just a minute i'm eye tyler mathisen, welcome to "power lunch. the start of a busy week on wall street and in washington we will get you ready for a flood of retail earnings reports. walmart, target, lowe's, home depot -- are those big enough for you? we have got them and many more and president biden will sign the infrastructure bill today and then mee

good afternoon, good evening happy thanksgiving eve i am brian sullivan. thank you for joining us think about interest rates and maybe turkey stock futures tuesday, merely a mirror image of monday. the dow up tech down and commodities up dow futures are down about 130 as well. nasdaq futures are lower the dow has done a little here and there. a pretty sizeable decline with the underlying story nasdaq futures down about 34 points small caps lower as rates try to claw their way higher. yield is lower at 1.64%. looking at oil and the strategic release. oil looking a little higher. this is why at 5:00, you can't look five minutes earlier because things change. there is no volume oil is down. we'll explain why or at least try to in the rbi coming up the in this case in asia overnight china slamming the biden administration. >> china is accusing the president of a mistake saying that taiwan will be one of the 110 democratic governments. china will not be part of the submit has claimed the democratic governed island as one of its territories that they will have t

i'm frank holland for brian sullivan this morning. here is how your money and global markets are setting up. we are seeing here a bit of a mixed picture. nasdaq moving higher the consumer again is in focus target and lowes we are watching for today. now a look at the treasury yield. wti and brent crude. we'll watch october building permits. that housing out at 8:30 eastern. pointing to a bigger draw down than expected. last week, the pressure that could force the biden administration to release administration reserves. much more clearly from our london news room with juliana. >> i will do my best the big data point today in the uk is the consumer price index hitting a 10-year high in october with price increases accelerating 4.2 compared to the last month will pile even more pressure on the bank of england when it hikes rates against in september. we are flat and now gains have tempered some what out to the european markets the stock 600 higher to just under 490. yesterday hitting an all-time high it has been an incredibly high run an

might create just a wee touch of political controversy >> thanks. >> wild speculation there. >> brian sullivan. >>> twitter shares down 2% now after officially spiking when the dorsey news broke. the company jack is reeving. kate rooning following square the company that now gets a full-time ceo. we start with steve kovach almost as if the square would get a full-time ceo but then sad the know jack was actually going. >> exactly it. he has been the visionary between a lot of product tough that twitter is working on including crypto, which is probably what he is going to focus on as he puts 100% of his time in square and this new guy is the guy building it. the former cto part of blue sky and also building out abilities to make crypto payments through twitter. >> steve, you said that he may well focus more on crypto in his new role is that your understanding, or that's your speculation. >> that's a speculation based on what we know he's interested in. itis it's notable the memo he sent out to employees today didn't really explain why he is suddenly resigning from twitter other than to say it wa

we should have our own production company >> we have our show on cnbc. >> sullivan and isaac. >> it's just so much fun with brian sullivan, by the way. >> skittishness out there around rising covid cases, ta perring and maybe fears they are going to speed up the ta perring >> there is the wall of worry we are always talking about fed chair name nominated i think will help. but seasonably things work better towards thanksgiving. mid november there is a little bit of a flattening out or pullback that's where we are now. i think we are sensitive to any inputs about what the trajectory of this economy is right now i don't think there is rethink about the u.s. recovery or consumer strength. it's about whether globally we can get back into reflags. >> going to be hunkering down with you, sarah, and mike. >> good to have everybody back we will be back next week. that will do it for "closing bell." have a great weekend "fast money" begins now. >> this is "fast money." i'm courtney reagan in for melissa lee. tonight's lineup -- couldn't, the big warning for small caps the chart master sees trouble brewing in the charts.

i'm sara eisen with brian sullivan in today for wfrt t wilfred frost.reak down the latest results. stephanie link from hightower is still with us. steph, a record high for the s&p and the nasdaq despite what you mentioned, some concerns about rising covid numbers, especially in germany where we saw a record numbers and could see restrirnctions and the inflation boogie man are you surprised to see the resilience of this market? >> i'm not because of the liquidity there's so much sloshing around. by the way, you have better growth in the economy, reaccelerating leading to better earnings valuations are not so extended low interest rates is favorable for corporations and consumers clearly they're spending we can argue about gross margins on the retailers but the demand off the charts across the board. target and walmart did a good job and margins disappointed tjx phenomenal see what happens at ross this afternoon. then the children's place out of the blue with a 16 comp so so many good things in retail this week and the consumer and why i come back and i s

new reporting from brian sullivan is straight ahead >>> plus the rising cost of food the ceo, the ceos, in fact, of hormel and jm smucker will join us on cnbc, some of the best known brand, iconic. >>> spanning the globe on this tuesday, november 23rd, "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc i'm becky quick. along with joe kernen and andrew ross sorkin. and this morning the u.s. equity futures are a little mixed as joe mentioned. the nasdaq is under pressure once again, down by about 1.2%, a decline of 200 points yesterday it came late in the session and happened as you saw treasury yields pick up steam. the nasdaq indicated off by about 47 points the s&p is indicated down by about 2.5 points and the dow which was up by only by about 17 points after being up 300 points earlier in the session. it's indicated another 18 points up today the treasury, this was the move happened after jay powell was renominated for a second term as the federal chairman the markets said, great, off to the races and then maybe they rethought about it as

. >>> welcome back i'm courtney reagan in for brian sullivan looking at the investments right now. hardly so in either direction. dow jones off almost 9 points and the nasdaq higher by almost 17 points. the dow closing above that 36,000 mark for the first time s&p hitting new highs. bed bath and beyond shares surging. we should note there is a big amount of interest for sure which had been dictated before back with top stories. >> i'm back. the founder of tiktok's founder bytedance steps down he announced resignation of ceo in may adding he would move to a strategy role. now serving as chairman. bytedance declined to comment. >>> president biden has yet to announce fed chair pick. he didn't specify if he plans to renominate current chair >> extending the salt deduct for five years as part of the broader spending package more liberal members are criticizing the potential move with senator bernie sanders calling the move beyond unacceptable >> other people believe the move the other way is beyond unacceptable i guess that makes politics in this country >> on to more politics on elect

i'm brian sullivan once again, we are live from london sadly, our last day.ig thanks for cnbc here and everybody for hosting us we are seeing a little bit of strength not a lot of green we are seeing stock futures up abo about.01 to 0.2 as well. the five-week win streak this week could be coming to a close. maybe all good things at some point come to an end five weeks in a row in major indexes. it is likely to end this week. don't make too much of it. we are still very close to all-time record highs. we want to highlight one of the best performing groups of the week that is the materials. a broad name but it's all the stuff we make really and it's been a sector with big gains. the copper company up 11%. iff, 4.5%, along with newmont mining october 11th, just a month ago, we talked how fertilizer costs because natural gas is so high it is up 15% since that rbi. you're welcome i used to be a fertilizer trader true story we have been covering what could be a global energy shortage. both are down just a touch wti still over 80. europe gas also down as russia boos

good afternoon or good evening and welcome from wherever in the world you may be watching i'm brian sullivan, good monday morning. we have a lot to do on this busy day. let us start in washington because today is an important day in the united states, china relationship president biden set to hold a video call with president xi what to expect >> reporter: we have learned from a senior administration official at the white house that that virtual meeting between the two presidents will last several hours this evening the two will speak through interpreters and a list of attendees from each country's government is still forthcoming. as for what could be delivered from the conversation, the white house doesn't expect there will be any tangible deliverables and said the purpose of the conversation, which they say president biden initiated is to manage the relationship responsibly between the two countries and erect what they're calling guardrails on issues of importance what those issues of importance are is unclear and what the guardrails, to use the white house's term, around those issues is, i

. >> i'm brian sullivan in for wilfred frost once again coming headlines from europe sending the market lower this morning. austria will go to a lockdown. germany, as well house of representatives

a great explainer, we appreciate it brian sullivan for us afternoon. that does it for "the exchange," everybody, but we are just getting started here "power lunch" begins right now >> indeed it do, kelly, thank you very much. we will see you in just a minute i'm eye tyler mathisen, welcome to "power lunch. the start of a busy week on wall street and in washington we will get you ready for a flood of retail earnings reports. walmart, target, lowe's, home depot -- are those big enough for you? we have got them and many more and president biden will sign the infrastructure bill today and then meet virtually with china's president about 9:45, all of that while contemplating his pick for the fed chair we will discuss the future of the fed, jay powell, and more. and live events -- they are back many people are happy to get to a concert or a football game i am going to a knicks game with my son in a couple of weeks. but is the metaverse a threat to this industry? why battle a crowd and unrowley fans or traffic when i could see bieber or the jets virtually in

i can see brian sullivan in my eye line it's another day. and anything could happen.t 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. >>> it is 5:00 a.m. in new york, 10:00 a.m. here in london and here's your top five at 5:00 stocks searching for direction to kick off the week as wall street kicks it off in record territory. >>> elon musk taking to twitter asking his followers if he should unload 10% of tesla and foot the nearly $15 billion tax bill that would go with it >>> president biden set to sign the first half of his signature infrastructure bill into law, democrats finally come together, still in limbo the nearly $2 trillion social spending plan >>> call it the

good afternoon, or good evening and welcome from wherever in the world you may be watching i'm brian sullivan thank you for joining us welcome to monday, welcome to november we'll get you more on the developing barclays story in moments it is a big one. but kicking off the month like october left off with stocks running higher futures higher across the board. dow futures up 145 points. all three major averages coming off record breaking sessions with the s&p and nasdaq coming off the best monthly gains since november of last year. if you are counting at home, and even if you're not, here's your all-time high tally. record closes this year, the nasdaq 38, the dow 39 and the s&p 500 says anything you can do, i can do better. 59 record-high closes this year. despite some very rough sessions for apple and amazon lately, much of big tech is also coming off a record close on friday, certainly important stocks to watch. outside of that watching right there the crypto markets you can see bitcoin and ether are higher natural gas coming off the worst month since december of last year, down more than 7%

i am brian sullivan, and once again we are live in london, england all week long, bringing you a global perspective the show is "worldwide exchange," overall let's start in the u.s. check out how the global markets are setting up the day we're not getting a huge indication of the futures this morning. it's early dow futures down a touch, nasdaq futures -- those are the ones to watch because technology you might have heard about some of the tech stocks. nasdaq futures are up about .2%. now all the major averages coming off a record setting day. what's new with the dow, the s&p, nasdaq and russell 2000 all posting new records. the tally, if you are counting on the second day of november, 44 record closes for the dow and the nasdaq, s&p says get out of here with that, 64 record closing highs this year. for the s&p 500. in fact, the s&p has now closed in record territory eight trading days in a row. that is the longest record winning streak since june of 19 97 that's right we are going back almost 24 years to find a streak like this in the market. that is something. let's get a sector check

morning, good afternoon or good evening welcome from wherever in the world you may be watching i'm brian sullivan once again we are live from london you can see the london eye, the giant ferris wheel you have to check it out it's touristy, yeah, but it'sal, and you can see everything and it's a stunning day today. >>> your money, just sitting off record highs even with a draw down on wednesday. we are seeing futures higher across the board, not making too much of it nasdaq futures have turned even higher than a few minutes ago. we tell you, it's 5:00 on the east coast, not a lot of futures trading action as more people come in, whether it's london, frankfurt or new york, and we're seeing nasdaq futures up nicely up 102 points right now. we're going to tell you something that you already know. inflation is on the rise, costs for everything going up everywhere the official inflation data hitting a 30-year high in october. that's going to wipe out most of the wage gains as people use their extra pay to pay more for the stuff they buy, heat their home or fill their car with gas. with nasdaq, futures

brian sullivan joins us from london with a look at gas power in europe.is seems to be he's chuckling on the way to be bank. >> if putin were to chuckle he would be chuckling, yes because his power has gone up. good news for europe and england, natural gas prices have come down a touch from the recreant highs as well if you look at the spot market, the january 2022 contract in europe right now is about $70. that's down from about 115 a month ago. the bad news is that number is still 350% higher than a year ago. it went from 15 to 70. now much of that move has to do with russia. natural gas. and pipeline now we, of course, talked about the nord stream ii pipeline in recent years, of course. but that is not operating yet. in fact, the key pipeline right now is called the yamal pipeline it is running from russia through belarus, poland and then into germany that is the one currently operating and this week, germany finally saw some increased flows of natural gas through it. this is after a few days where the pipeline began pumping the wrong way. back to the e

brian sullivan explaining why. >> the market catalog, saw helena kroft on earlier.s coming the price did drop heading into it buy the rumor, sell the fact it just came on the front end. energy is the best per fortunatelying stock sector today and this week. because this release while the biggest ever done at one time and also by the way the only one ever turn in a non-emergency or storm type situation smaller than traders thought the draw is about a million barrels a day and kind of trickles out into the market we'll see if opec reacts and saw royal prices rise and gas prices rise and actually i would have a question for you to talk about in the market zone, i think this move in yields and inflation has something to do with the spr release. think about the fact if oil stops going up and caps expectations that could change the real yield situation and saw inflation turn and real yields turn at the same time and i do wonder if the interest rate move is related to the spr release. maybe it is a 12-hour day and this isn't milk in my coffee. >> we'll see what happens whe

-- if we had a playbook for what was going to happen, it would be nice to know what oil does brian sullivan people buying calls at $200 not small amounts of money, either >> look, i'd like to see that. if everyone feeling there's no way to go but up -- we haven't had a high in a few weeks. >> keep our fingers crossed. thanks. >> yeah. >>> the current fed chair, jay powell, and fed governor lail brai brainard kayla >> becky, the power of the fed, the number of seats available and terms spanning multiple administration has putthe chai as position at the front of -- proponents of powell says he a's charted the economy through a pandemic a renomination would -- but he's a registered republicans, which progressives say is a nonstarter they largely back governor lael brainard and that would allow democrats three more picks this term for fed seats. both candidates have twice both bipartisan support gop leadership has not been rallying members against brainard, and two sources believes she should get. senator bernie sanders actually voted against brainard in 2014 janet yellen over the weekend sugge

gone bust it's all leading to concerns that many of the bigger players could go under as well brian sullivanith more on how the uk got into this big mess. as it gets colder, later into the calendar, it becomes a much more crushing issue. what are you learning? >> what we're learning here, becky is it's a cautionary tale. we are here because we care about our friends in the uk, but viewers in america say i don't care about the uk power market this is a continental europe story, an asia story and could be a u.s. story. how we got here was divestment from fossil fuels. that's the way we want to go that's the way the world will go ultimately years of divestment in coal, even nuclear as well which increased the reliance on natural gas and renewables no country in the rule is as reliant on home heating as the uk, particularly offshore wind as well. on some days you'll have 45% of uk power generated by wind that is a good thing, unless, of course, you have extreme weather events in either discrrection. we just have not seen the wind blow as much the u.s. closed the biggest offshore gas field and st

i'll throw out quickly that brian sullivan said from the uk today, things are 100% things are full and back to normal and he's been tests four days in a row. i will text him, but is the food till crappy. from flub flus i like fish and chips, i do. >> coming up, the china syndrome >> i vaguely know what it is it almost happened after that movie. now what's happening there is having a huge impact i don't even want to look. a look at yesterday's winners and losers hey businesses! you all deserve something epic! 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. (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first

brian sullivan joins us. this is the first time we've seen a coordinated release the first time this is released in this manner or for this reason >> they have the libyan civil war where some countries got on board. it is the code nated not emergency. also designed to do something the spr has never talked about doing which is to lower prices why didn't this lower prices i would argue two things one, it kind of did. oil prices fell $2 a barrel. also, i think it is important to note, the spr is not there to lower prices it is there, all of this sludgy oil stuck in sault caves we had a wall graphic up where we showed all the times we had a sale or swap that was katrina and ivan. that's it. framing it it is not a hurricane or a war whachlt do we call this release. really $50 million was the headline 32 million new barrels important to note those were going to be swapped. they were exchanges. they are going to give it to, say, exxon, valero those will return the oil at some date. with extra barrels kind of like in