brian sullivan is live at headquarters in vienna, austria, with what to expect out of this meeting. and, of course, he's joined by a special guest. brian. >> reporter: listen. we're down a little bit today, dom. but we're up 8 to 10 bucks a barrel in the last couple of sessions on talk of what's going to happen here way tonight set the stage. this was supposed to be a virtual meeting. opec has been doing these virtual meetings think got to be pretty boring, kind of rubber stamping to get back to pre-covid levels all of a sudden everyone's phones blow up and everyone is booking fight because we're expecting something big. we're here in austria. one of the people whose phone was blowing up, helima croft it's a beautiful city. we're happy to be here the fact they brought us in person, what does that mean to you? >> this is not a micromove this was assembled hastily on saturday we all had to get here brian, as you know, we're hearing numbers like 2 billion numbers being cut, running through the end of 2023. so this is a significant adjustment while we're in the midst of a crisis in decad

2022 you are watching "worldwide exchange" here on cnbc >>> good morning i'm dominic chu in for brian sullivan today let's kickoff monday morning with the equity futures in the red. modestly so. you see the dow implied lower 110. s&p lower 19 and nasdaq down 65. all of this after the friday broad based selloff that saw the dow shed 600 points to close down 2% on the day you see in the time lapse here worse for the s&p 500 which ended the day down nearly 3% on the session and the nasdaq down nearly 4%. bond markets are closed for the federal holiday today. a quick check on the last trade that we saw over the course of friday's session the yield for the 10-year treasury is 3.89%. the 30-year treasury is 3.85%. energy prices. oil is above $90 a barrel. west texas intermediate is $92.02 that is down .20%. ice brent crude is off as well $97.25 >>> let's go worldwide around the world china is back open for trading after a week long market holiday. japan, south korea and taiwan closed today the red stells a partial story. if we spin the globe around to the early trade in europe. you see mostly red ft

our brian sullivan is joining us from vienna. brian, i know you have been on top of this story. >> reporter: frank, good morning. when you think about the random street corner in vienna and the boring office building which is opec headquarters, how much money gets moved around? yesterday's you cut of 2 millio barrels a day will account for trillions of year in gdp that gets pushed around flowing to saudi arabia and opec nations will pull that money away from the western nations. you think about the news and monetary impact. it is amazing. the breaking news with opec cutting 2 million barrels a day. it did not get a lot of attention. the 13-member opec deal and 10-member opec plus nations extending the deal for another year frank. it is russia aligning with russia for another year. at 8:30 p.m. vienna time last night, we had the ability to sit down with prince abdulaziz bin salman they are not blaming the federal reserve for inflation, but they certainly indicated the fight against inflationand concerns that central banks have abo

for that, we go out to brian sullivan s>> thanks. morning rbi today, let's talk about oil and energy i know we talk about it a lot. how can we not it is not only critical to the economy, but the biggest political issue right now. president biden reiterating the administration's plan to release petroleum from the reserve these are not new barrels, but final batch from the announcement back in spring. sliding the time line to december the sale will start on december 1st and run through the month. that is where things get random but interesting. the first week of december could be wild for oil and energy here's why december 1st, we mentioned, the u.s. starts selling the last batch from the spr on december 5th, the eu sanctions against russian oil kick in fully. some think that would take 1 million barrels off the market per day. there is the opec meeting one day earlier. opec plus includes russia, meets on december 4th. all of those things happening in the same five-day stretch. wow. what is going to happen in the price of oil i have no

brian sullivan spoke with one pension manager in charge of more than $300 billion brian? >> dom, thank you very much. good morning we're pleased to be joined by christopher alleman, the cio of calsters an incrediblyimportant -- it's great to have you on this is an incredibly important time, given what's going on in the equity and bond markets here but uk and globally as well. welcome very much. i want to start with what's happening in the uk. their market and some of the way they invest are not exactly the same as ours do you fear any kind of a spillover or contagion risk from what's happening there to hit the u.s. bond and/or stock or debt markets >> well, brian, it's hard to predict policy errors, especially catastrophic ones i'm not fearful we'll have a carryover. we did look at the immediate impact and the secondary and even tertiary. we learned that after '08. when people use leverage, it cuts both ways these liability-driven investments they used were leveraged bonds. so, when that market moved so rapidly, as well as the deadline, it did cause some forced sales when

are watching "worldwide exchange" right here on cnbc ♪ >>> good morning i'm dominic chu in for brian sullivanoday let's kick off your wednesday morning. it's h ump day they're higher, they're big. the s&p higher by 15 and the nasdaq higher by 70. it may not seem like a lot, but it is green. we haven't seen a lot of it as of late. the major averages are coming off a mostly weaker session. the lowest level since july of 2020 now more than, by the way, 35% below its all-time highs that we saw last fall. the s&p hitting its lowest level since november of 2020 the s&p, the nasdaq, and the nasdaq 100 all coming off their fifth down sessions in a row checking in on the bond market, right now yields, they are still on the move and inching toward that 4% level for the benchmark ten-year u.s. treasury, but we're seeing a little bit of a pullback today in rates. the ten-year yield just a hair be below 3.92%. >>> within the energy complex, oil prices, you can see w i coming off back-to-back losing sessions we're still down 0.2%. 89.23 forwti crude ice brent crude, just about flat, $94.31 and within crypt

for that rbi, we go to brian sullivan >> thanks.morning it is time for the rbi today we got pretty good news around europe's energy crisis. we are seeing hopeful signs of the a lot of it is dealing with american exports let's look at natural gas costs. the price of spot natural gas has come way down. dutch gas futures are below $100 the first time we have seen that since june and drop of 70% storage looks good storage tanks in the netherlands are full and they are not using the gas. there is almost no demand. there are a bunch of ships filled with natural gas sitting offshore waiting for an open port or higher prices or both. that move in natural gas is also dropping the price of electricity. electricity prices per kilowatt hour tumbled lately. that is good news for families and companies and industries across europe. aside from the american and norwegian natural gas helping out, there is another big player the weather. it has been nearly perfect across much of europe. they haven't needed much gas that is good news. now does this me

i'm frank holland in for brian sullivan it's right around 5:30 a.m. here in new york. take a look at stock futures right now. they've been fluctuating all morning. the dow could open slightly in the green this morning, but, of course, it's still early let's hit oil as president biden announces a release of oil from the country's petroleum. we're seeing crude up slightly wti at about $83, $84 a barrel brent crude up almost a percent right now. let's get a check on some of the top stories. our silvana henao is here. she's back with more hey, silvana. >> we have lots to cover another fed official is speak out on the fed's rate hike strategy minneapolis fed president is sticking with husband hawkish tone saying the fed may need to push its benchmark policy rate if inflation does not stop rising most central bank policy makers expect the rate to rise currently from 3.25% to between 4.5% and 5%. shares of asml holdings on the rise after reporting better than expect third quarter results the company, europe's largest tech company and a key supplier to key manufacturers toppin

for that we send it over to brian sullivan. >> it is time for your morning rbi.ocks because did you know that this stockmarket is in rarefied air doing something it nearly never does it's true. at least when it comes to volatility let's explain. this cool stat comes courtesy of data trek research all right, first, normally volatility is relatively low that's true by definition. meaning most days, 68% of the time, the s&p 500 will close within 1% of the previous day, 1% up or down. tin dex, say, is up 0.4% one day, down 0.3% the next day. you u get the idea when markets get more nervous, they get more volatile with larger price swings. that's where we are right now. in fact, we're in nearly historical territory when it comes to these bigger swings data trek notes there have only been four times we've had the s&p's 100-day volatility consistently over 1.5% per day well, this is one of those times. and we've actually had a 1 ten-day run in this turbulent territory. those other times that we have seen these kinds of consistent outsized moves was the early days of the

i am brian sullivan. here's what's ahead. markets are mixed today. tech earnings taking down the nasdaq, but with the fed decision one week away, what is more important to the market and your money right now is it rates or is it reports or is it maybe something else? plus, last night, pennsylvania's big senate debate, the democratic candidate john fetterman says that he is pro-fracking is that going to set off a texas-sized gnat gas boom in the keystone state the ceo of eqt is here and more earnings reports, they're on the way you have meta, ford, caterpillar all due up we are going to set you up with the story and the trade on each. that's all ahead, but we begin as always with your numbers. we've had a nice run i mean, what did we say yesterday? best month for the dow since november of 2020 well, a little steam coming out. we're still up .3% for the dow, it's 100 points, but the nasdaq and we're going to talk, i promise you, we're going to talk a lot more about technology. the nasdaq down 1.25%. these big numbers, big names, not doing that well. te

you are watching "worldwide exchange" here on cnbc >>> good morning i'm frank holland in for brian sullivan let's kickoff tuesday morning with the check of stock futures. in the green this morning across the board. right now, the dow could open up 300 points higher. at this point, the nasdaq and s&p in the green after a sharp move higher for the averages yesterday with the dow gaining 2% s&p and nasdaq closing 2.5% and 3% key earnings reports easing investor fears and oversold tech names with a bounce back we still have a long way to go ahead of the open this morning, the dow is off more than 18% from the all-time record high. the s&p off 23%. the nasdaq remains 34% off of the record high. now it is time to check the bond markets. a lot of movement. the 10-year treasury above the 4% yield something to watch it has an impact in the market again, the 2-year treasury at 4.46%. it hit a 15-year high last week. the oil market crude is slightly higher this morning. actually down a little bit it has been moving a bit wti down .50%. brent crude down .50%. wti is $5 a barrel lower than it was a week

brian sullivan reporting from vienna thank you. >>> the sector has been moving higher most of the year, so does today's new make energy names more attractive? and let's bring in sam morgolin, sam, welcome i see you over there. >> what does this production cut mean over the price of oat, or maybe the next three to six weeks, number one, and what do you see as you look into your crystal ball for oil stocks over the next three to six months >> like brian said, i think it's a responsibility to a demand outlook. i think it's a sure thing that demand will be down globally for the remainder of the year. some has to do with pent-up demand from last year, but there's challenging economic conditions everywhere. in general, you know, i'm much more focused and a lot of energy investors are more focused on the european energy crisis, which has more to do with natural gas, but if demand is down, the way it's connected t. it's really because of russia, and not that russia has declined, but the prospects that anything could happen in this connection is volatile so some of that risk has ton embedded, e

i'm dominic chu in for brian sullivan let's get a look at your markets. futures are mixed.tly so. dow implied higher 110 points. s&p implied higher by 4. let's check on the big money movers tesla. bertha coombs, what is sending shares lower >> dom, tesla shares sinking on the back of the third quarter delivery figures were at a record for the period with 343,000 autos worldwide. that missed expectation. tesla with issues with transport prices and executive turnover and production issues at factories including the lockdowns in china in july, tesla suspended the factory production in shanghai elon musk is aiming for steady delivery between quarters adding that the customer experience suffers from the end of quarter rush you see shares down over 4.5%. dom. >> bertha coombs, thank you very much for the update on tesla. >>> to a developing story. shares of credit suisse sinking on the executives decision to work to assure top clients of the financial health and future solvency downplaying a possible what people are calling european lehman moment. it is taking down others as well

. >>> good morning i'm seema mody in for brian sullivan let's kick off with a look at futures on monday morning. we are sharply higher. take a look at the dow jones industrial average indicated higher by 253 points nasdaq higher by 119 s&p 500 is higher by 35 points the implied open at this hour. this coming after a pretty rough session for wall street on friday that saw the dow and s&p and nasdaq close down more than 1%, 2% and 3% respectively it follows thursday when we got the hotter than expected inflation read stocks moving higher the take away is it is volatile. futures are pricing in the 75 point hike for november. yields are lower at this hour. 3.96% for the 10-year treasury >>> pivot to energy. oil is moving. wti crude is flat. ice brent crude back above $90 barrel >>> let's look at crypto we are seeing bitcoin and ethereum bitcoin is lower ethereum is higher bitcoin above $19,000. let's get an overnight look at asia we turn to joumanna bercetche in the london newsroom. >>> good morning, seema. the focus on the china party congress and for those looking for a change in the stan

brian sullivan, thank you. eye -- we still have brian okay brian -- >> waiting on the saudi minister to come out. >> all right so we're watching -- >> hey, bob -- >> let's go back to liz ann sonders right now. we'll come back to brian depending what other headlines we get out of vienna liz ann, i want to get your thoughts on what's going on in vienna and this opec meeting and houp it filters back to the market conversation we're having and the fed's stance in light of inflation data that's come in, however lagging. if you do actually see crude begin to move higher on an output cut. >> brian made a good point about the net increase or decrease in production netting out the exemption of russia is probably why at least today you're not seeing a significant move in the energy market. but clearly, it is not what anybody looking for a lower trajectory in inflation wants to see. yes, it impacts headline, not core inflation the fed ostensibly is more focused on core inflation. the problem is they've also spent a lot of

2022 you are watching "worldwide exchange" here on cnbc >>> good morning i'm seema mody in for brian sullivan let's kick off withthe look at futures. we are down right now after two days of consecutive losses dow jones industrial average is down 144 points. nasdaq lower 108 despite early weakness, dow and s&p and nasdaq coming into the day with 2% gains for the week the question is can we hold on to the gains let's look at the bond market. treasury yields marching higher. climbing in territory not seen in more than a decade. the 10-year treasury now trading near the highest level since 2008 yields are higher at 4.27% 2-year treasury a bit lower. 4.6% in energy, energy was one of the few sectors that ended higher in yesterday's trade. right now, we are lower. wti crude down 1%. brent down 1% as well. cryptocurrency has beening moving right now let's look at bitcoin. down fractionally. back below $19,000 it has been hard for bitcoin to hold on to that level. ethereum is down as well at 1,278 at this hour. >>> let's go around the world. lower session in asia. shares in hong kong drop to the lowe

, 2022 you are watching "worldwide exchange" here on cnbc good morning i'm dominic chu in for brian sullivan let's kickoff tuesday morning with the u.s. equities sharply higher they are big you see the dow implied higher by 382 points. the s&p higher by 56 that nasdaq trade, epicenter, technology volatility, that nasdaq implied higher by 217 points we are trying to kick off the month and quarter in the positive the dow closed up 760 points. it was positive all day long nearly 2.7% on the upside. back above the 29,000 mark s&p surging 2.6% after falling friday to the lowest level since november of 2020 both indices coming off the best single sessions since the summer falling yields looking to ease investor nerves. the 10-year treasury -- remember we touched above 4% there. it is now down to 3.85%. the 30-year long bond bethlow 3.65%. you see oil here wti is $84.24. 61 cents to the upside similar more to the upside for world ice brent crude at $89.58. this is all happening before the opec plus meeting in vienna. we will have much more on this later on in the hour cryptocurrency bitcoin and eth

you are watching "worldwide exchange" here on cnbc >>> good morning i'm dominic chu in for brian sullivan let's kickoff the final day of october trading with the u.s. equities on the offer. just on the down side predicted at the opening bell. dow jones industrial average implied lower 150. s&p lower 23 and nasdaq down 85 points investors are looking to close a month of stocks with every major average to snap a losing streak. it starts with the russell 2000 up nearly 11%. on pace for the best month since november of 2020 the dow transportation index up 13% as you see here and trying for the best month since october of 2011. best of all is the dow jones industrial average up more than 14% for the month and on pace for its best monthly performance since january of 1976 checking on the bond market. yields in focus. 10-year treasury yield ticking higher to 4.06%. 2-year treasury is 4.49% 30-year treasury is 4.15% right now. in energy markets, oil prices is a key focus. we are seeing them slightly lower. .75% to the down side. wti crude is $87.23. ice brent crude down 56 cents. that's off .50%.

welcome back i'm mseema mody in for brian sullivan let's get a look at the markets. building momentum here we started the day up four points you see the dow up 55. nasdaq also now down 26 points s&p 500 flat a lot of volatility over the last two days. part of it has to do with the direction of yields. look at the bond market. 10-year treasury still at 3.84%. 2-year treasury above 4% at 4.26%. yields are moving higher let's look at oil. a lot of moving with the opec decision $88.89 for wti brent crude at $94 the sector is the only one that ended yesterday in positive territory and on pace for the best weekly gains since november of 2020. look at that some of the biggest gainers are marathon and har bliburton and devon. big moves in energy. exxon is not up as much as the broader market it is up 17% this week opec decision clearly fueling markets. >>> let's get a check of the top stories with silvana henao good morning >> good morning, seema the cannabis industry and investors applauding president biden's decision to pardon thousands of people convicted of marijuana pos

2022 you are watching "worldwide exchange" here on cnbc >>> good morning i'm dominic chu in for brian sullivan let's kick off with equities showing red right now. the dow is implied lower 113 points s&p down 15. nasdaq down 61 points. modest losses. this is after a wild week of trading that saw snap with losses on friday the dow fell 2.5%. nasdaq and s&p with gains. every major average off the best week since june 24th a descent more for the dow. bond market trading at the highest levels in rate rise since 2007 10-year treasury backing off slightly to 4.2% the 2-year treasury ticking higher to 4.49%. 30-year treasury higher at 4.32%. in energy, oil is in focus as talks of more economic down turn especially in europe which permeates through the market narrative. west texas intermediate down $1.85. brent crude is down to $91.75. cryptocurrency is a mixed trade. the biggest ones out there bitcoin down .75%. $19,334 the last trade ethereum prices up .50%. $1,336.98. >>> a mixed picture in asia overnight that saw south korea and japan higher a very different story for china and hong kong. latter cl

27th, 2022 you are watching "worldwide exchange" here on cnbc good morning i'm seema mody in for brian sullivan let's get straight to the u.s. stock futures and what is set up rough day for technology yesterday. snapping a three-day winning streak ending down on the weak results from alphabet and microsoft. this morning, nasdaq down in trade. dow jones industrial average indicated higher by 140 points look at the bond market. yields are higher. 10-year treasury yielding 4.06% at this hour let's look at energy where oil is trading and we're higher for brent crude. $95.72 cryptocurrency with action and bitcoin above $20,000. still down as is ethereum. let's go around the world and asia overnight hong kong and south korea bounce back bidding up the tech companies after the selloff in the week. alibaba and tencent and jd.com up sharply jd jd.com up 6% mostly lower session so far with ftse 100 slightly higher more on europe in a moment. >>> to the top story which is meta set to sincontinue the freefall. shares sinking 20% in pre-trade. set to lose $70 billion in value at open. this is after the unex

watching "worldwide exchange" here on cnbc good morning happy friday i'm frank holland in for brian sullivan let's kickoff friday with the check of stock futures with the s&p and nasdaq coming off back-to-back losing session. dow up for the first time since august boosting that index yesterday. this morning, as we can see, red across the board s&p and dow lower. nasdaq hardest hit big tech earnings are disappointment impacting the index. let's check the bond market. a bit of a surprise. 10-year treasury below 4%. we are seeing it here. ticking right about 4% at 3.97%. that gdp report was a surprise yesterday showing inflation easing a bit easing up on the bond yields >>> energy with oil down this morning. wti up $5 over the last month. natural gas actually sliding in recent weeks milder than expected weather in europe is possibly a factor. >>> cryptocurrency bitcoin and ethereum down across the board. you have to keep in mind ethereum since the middle of the month and bitcoin making a move to the upside. deep in the red today. bitcoin down 2.25% >>> turning attention around the world. red ar

you are watching "worldwide exchange" here on cnbc >>> good morning i'm dominic chu in for brian sullivan today let's kickoff the our with the check on the market and u.s. stock futures. pointing to loses at opening bell the dow is implied lower by 230. the nasdaq down 93 s&p off 32 if these futures move hold into cash equities trading. wall street kicking off in the red and nasdaq at the lowest level in two years let's check on the bond market 10-year treasury moving higher checking in at 3.59% in the oil market today, crude prices taking a hit as well. given the bearish economic comments floating around wti is down $2.25. ice brent crude is down $2.21. $93.98 is the last trade looking at cryptocurrency. bitcoin prices still watching that $20,000 level. the over/under for the market. bitcoin prices under that at $19,112. that is down .50%. ethereum prices off 1.75%. >>> let's go worldwide and markets in asia. japan and south korea returning from holiday shedding 2% taiwan falling 4% in its post-holiday trade investors weigh the impact of new rules on computer chips. >>> looking at the tr

. >>> in a bigg geopolitical blow o opec plus, team coverage around the world for this brian sullivan in opec headquarters in vienna, tail la tachie with the biden administration response. brienl, let's get to you, this 2 million barrel a day cut may not be 2 million barrels a day, i'm today, but you'll explain that, but certainly bigger than we expected, right? >> yeah, i mean, the chatter began a few days ago, first off, when they announced they were in person, they had virtual meetings for 2 1/2 years, then somebody said, energy world, you come back to vienna. started to chat around 1 million barrels a day, then 1.5 million. we got to 2 million. and this is important, it goes to what you just said, the headlines are going to scream opec plus cuts 2 million barrels a day. not technically true that's the head line, but to your point, the reason -- we're going to actually probably have about 900,000 barrels, physical barrels per day, taken off the market that's still a lot i'm not minimizing 900,000 that would be one of the biggest non-covid consults ever. but the reason the headline

i am brian sullivan. here's what's ahead. markets are mixed today.g down the nasdaq, but with the fed decision one week away, what is more important to the market and your money right now is it rates or is it reports or is it maybe something else? plus, last night, pennsylvania's big senate debate, the democratic candidate john fetterman says that he is pro-fracking is that going to set off a texas-sized gnat gas boom in the keystone state the ceo of eqt is here and more earnings reports, they're on the way you

brian sullivan is live where opec, again, is headquartered. give us the set up >> we don't have twitter but trillions of dollars of gdp if opec goes ahead and cuts output by 500 barrels a day to new headlines of 2 million barrels a day. the analyst notes and estimates have been all over the map we're talking about hundreds of billions or trillions of dollars potentially at risk here depend ongoing what happens the meeting in person. we thought it was going to be virtual. suddenly they said, do it in person everybody booked a flight, got over here to vienna. we expect something big. it may not be oil. i'll get to that in a second that meeting tomorrow at the headquarters also, if they do the cut, john, what does the united states do what is the u.s. reaction going to be? i can personal tell you that the white house is not happy with the meeting. we have seen congress people say maybe we need to cut off arms sales to saudi arabia. the report suggests russia may be more to blame if we get that. what will the u.s. reaction be, and speaking of russ

you're watching "worldwide exchange" right here on cnbc >>> good morning i'm dominic chu in for brian sullivan today let's kick off your friday morning with a look at u.s. equity futures they're stable, compared to what we saw yesterday the dow implied lower by 95 points s&p lower by 15. the nasdaq down by about 80. that's less volatile for sure after a wild day on wall street. and one for the record books, by the way, that saw the dow swing more than 1500 points from its low to its high peak, the biggest such move since march of 2020 you remember that was the virus pandemic and the single best daily gain since november of 2020 as well we got similar moves for the broader s&p 500 and nasdaq both snapping six-day losing streaks yesterday, gaining more than 2%. ahead of the open, every major index is on track to end the week in positive territory now, in the bond market, very much a focal point, the two and five-year yields trading at the highest level since 2007 the long bond, the 30-year, highest yield since 2011, but right now we have seen a pullback from some of those highs that we saw yeste

. >>> hi, i'm brian sullivan in for kelly evans once again here's what's ahead. are you ready for a more than 7% mortgage they're on the way, if not here already. bond yields spiking again. we're going to hear from somebody who says the fed needs to slow down the speed of hikes. let's talk oil it is actually slightly higher, even as the white house keeps selling america's energy reserves are we on a collision course with opec as well? we're going to hear live from the president in moments >>> and trouble on the mississippi. how ultra-low water levels may turn into another supply chain and maybe even energy crisis there is a lot to do on this very busy wednesday. we are going to get to it all. but first, let us begin, of course, with tehese markets just heard on "halftime," talking about the stock market being down as yields rose once again. it's not quite perfect sink rownicity, but when we see yields pop, stocks almost inevitably go down when yields hold steady or go down, we see stocks go up. not 100% of the time, but that certainly has been the macro trend. ri

. >>> thank you, scott i am brian sullivan. here is what is ahead. the risk-off trade is alive and well the key inflation numbers, earnings, and yeah, the jamie dimon markets that are sending the markets low. one of your guests from the shine, turn total dividend payers, the safer name three stocks that he likes right now. >>> plus the nasdaq once again lagging today. chips are being shelved. in case -- it may be yes, sir ahead. the state of mergers and acquisition in energy, why we could see a surge in deals ahead, and what it says about the entire energy complex. we begin with the market, of course, dom chu has the numbers, and the interview with jamie dimon making a lot of headlines. >> market moving at 5:00 this morning, things didn't look back you but now we're at session lows. this is now just about session lows on the stoeism. to give us an idea of where we were, at the highs today, we were up 13 at one month marginally higher, but not so anymore the nasdaq composite, by the way, 10,470, now the lowest levels all the way back to july of 2020.

. >> and i am brian sullivan in for kelly. and is recession all but guaranteed paul mckelly is here to give us his take on it all this won't help. potential diesel disaster. prices soaring as supplies reach critical low levels in many areas. politicians blaming the company. we'll lay out what's really going on >>> a broad range of companies set to release their numbers we'll get you ready for pfizer, uber and others, but let's begin by a man who is smiling, whose 49ers smoked the rams. >> it's a trend. >> that miscalfry kid hag a future >>> down 29 points, and it's been generally negative, at the highs of the session, we were still down about eight points. down 38 to give you some context around where that trading range sits 10,983 over 1% losses. so keep that in mind a place to keep a close on from a make rho perspective is the energy trade oil prices are down on the day, and there's talk now about possible hypothetical for certainly energy companies we talked about this potentially, those energy stocks right now generally, e

on expectations that opec plus may agree to a large cut in output at its meeting tomorrow our brian sullivanters in vienna and joins us this morning. hey, brian >> reporter: hey, carl yeah, listen, we got the place to ourselves today the meeting is tomorrow. opec's headquarters is here. first in-person meeting in 2 1/2 years. we thought it was going to be virtual and over the weekend they said, we're going to do it in person, which has led to expectations that something big is going to happen let's walk through the three things to watch. i got a piece up, by the way, on cnbc pro on just this. number one, are we going to get a cut? if so, for how big and how long? the expectation is a cut between 500,000 barrels, 1.5 million barrels a day. a lot of talk about that million mark even if we get what, probably won't take 1 million barrels off the market physically but it would be symbolic to support the market two, how will the u.s. react if, indeed, we get that cut tomorrow i can personally tell you from talking to people, the white house is, shall we say, less than pleased with this meeting and

. >> and i am brian sullivan in for kelly.ake on it all this won't help. potential diesel disaster. prices soaring as supplies reach critical low levels in many areas. politicians blaming the company. we'll lay out what's really going on >>> a broad range of companies set to release their numbers we'll get yo

. >> brian sullivan 208d me -- >> yeah, that's right. >>> coming up on "power lunch.oast. the stock down 51% as many sheds riskier, but out with a bullish call, says it has a clear path to profitable. the company, you know them if you dineut o we'll talk about it, coming up stick around - oh, the stock market is doing that fun thing again. news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing. so... i know you and george were struggling with the possibility of having to move. how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability, and a wide door for easier mobility. kohler® walk-in b

techcheck," and cited increased demand despite weakness elsewhere >>> time for our c nbc news update brian sullivanas that. >> here's the news happening at this hour. former president trump has made an emergency appeal to the supreme court to stop the release of his tax records to congress saying there's no valid reason, but they have failed to convince courts in a legal battle that's now gone on for years. >>> in the philippines, more than 100 people have died in a major storm that brought fl flooding and the united nations says no ships were in the black sea grain corridor on the night that russia said its warships were attacked by ukraine. russia says the alleged attacks are the reason it speended participation in that deal to reresume grain exports hundreds of ships are effectively blocked in russia's opposition to the export deal. >>> ahead on "power lunch," emergency at home, home builders teetering on the ends, as they wreak half von >>> plus, speaking of wreaking havoc, trick or treat, it's a special names with scary and shocking moves this moh. ow lchwi bright back good luck. td ameritrade

let's go to brian sullivan for the update hey there, brian >> hey there here's what's happening. the department of justice says seven board members of solar winds and four other public companies have resigned. this after the doj said it would enforce antitrust rules barring executives from serving as directors of competing companies. justice department officials say this is first in a broader review of potential illegal interlocking directorates. >>> john fetterman for nominee in pennsylvania released a note from his doctor saying he's recovering well from his stroke in may and no work restrictions and can work full duty in public office, end quote. republican opponent dr. mehmet oz accused fetterman of lying about his health and questioned whether the democrat can serve as a senator >>> and in philadelphia, a nonprofit is giving away 2,000 pounds of surplus avocados to people in need volunteers are dressing up as the fruit for the occasion the giveaway started today and will last through thursday step up, get your avocado. back to you. >> thank you very much. >>> ahead on "power

brian sullivan is live in vienna to wrap all of this up for us. got three stories let's blast through them and go because there's a lot happening in the world of energy the opec news happened late yesterday, the implications, the reverberations opec cut 900,000 barrel because a lot of countries weren't making their quota 900,000-barrel cut is what we've been selling from the strategic petroleum reserve in america, about 900,000 barrels a day. is that an accident? i don't know you have to ask opec we tried they would not answer that direct question. the white house is not happy with this, which leads us to story number two which is an exclusive story from "the wall street journal," which i can semi-confirm for cnbc, which is that the u.s., the white house is looking to ease sanctions on venezuela, so maybe they can produce more oil. chevron has a big operation there. as "the wall street journal" exclusive, i reached out to chevron late last night. got the implications it was directly correct they did not want to get in front of the white house, is

any reason to party you can find, brian sullivan, is good enough >> why not >> reporter: i don't know if i'm ready to have that celebration that the fed pivot ed >> when you have your pivot party send us an rsvp nice and early so we'll know when it is planned with punch steve leashman >> you'll be among the people. >> i can't wait. steve, thank you very much we have a lot more to do on "the exchange." five mega caps, big oil, big pharma 3m out with numbers before the bell the port of los angeles is here to explain what's really going on and how the ripple impacts are still being felt we head to break, let's get a quick check on the markets looking like a good day, a mini rally the last couple of days continues to roll on with the dow up 1%. - [narrator] if your business kept on employees through the pandemic, getrefunds.com can qualify you for a payroll tax refund of up to $26,000 per employee, even if you got ppp. and all it takes is eight minutes to find out. then we'll work with you to fill out your forms and submit the application. that easy. getrefunds.com has helped businesses l

. >>> and welcome to "the exchange," everybody i am brian sullivan and these markets, they just keep stocks higher is it about the fed? is it about something else or is this just another short-term heartbreaker bear market rally we'll find out plus, another bizarre energy turn, as natural gas prices in parts of texas went near or at zero today and we've got an epic traffic jam of chips off europe. we'll explain how and why in both stories an

. >> i welcome -- oh >>> i welcome both brian sullivan and you to "power lunch. i'm contessa brewer. here's what's ahead. the stage is schett. meta shares falling. the result is expected to underscore the turmoil in a digital ad market. could there be more pain for a stock that is already down 60% this year. plus, a record quarter for group one automotive inventory ticking higher prices ticking lower group one ceo is here to tell us if the car market is starting to return to normal and if there's growing demand for eds brian? >> contessa, thank you very much the stocks are often their highs. the dow is the only major index in the green st s&p and nasdaq down. they were down as much as 2.2% earlier in the day the spread in the three month and 10-year bonds, they inverted interday if that holds into the close, it would mark the first inversion into this part of what they call the yield curve since march of 2020 always like those historical antedotes. seagate, net 5 networks, two of the worst performers on the s&p 500. both with weaker outlooks and questions ultimat

i am brian sullivan.st, we are going to try, try to figure out what is happening on wall street today, because it has been a bonkers trading session. the good news, the dow is down about 600 points it had been down about the same at the lows of the day, a nearly 1,200-point swing. not to be outdone, the nasdaq rising more than 4% from its low of the days. one of the biggest bounces we have seen in a long time all of this as inflation punches americans in the gut once again. a stunning 8.2% year over

i'm brian sullivan in for kelly once again welcome to "the exchange."ead a big interday turnaround for stocks, even shrugging off midday comments by the fed's horrorloretta mester that more needed we're tracking everything from the macro to main street russia attacking energy infrastructure, irani oil workers going on strike. new fights between the white house and opec what does it all mean for energy

. >> fascinating stuff brian sullivan standing by with a cnbc news update. >> all right thank you very happening at this hour in myanmar, an ethnic group says as many as 80 died in an air strike by the country's own military the attack hit a political event of the ethnic minority before southeast asian ministers will hold a meeting to discuss increasing violence. >>> rishi sunak will become british prime minister, set to meet king charles before speaking outside 10 downing street. >>> a belgium town celebrating a use for big pumpkins racers are paddling hollowed jumbo gourds around a pond 65 times of four people participated in the pumpkin regatta. organizers said the event started as a way to put big pumpkins grown for competition to good use. only in belgium. >> this is a good use of the big gourds. >> heard of stuffed pumpkins but -- >> heard of smashing pumpkins but that's a band. >> pretty cool >> i would love to take you on in one of those. >> we would stink. >> i would >>> ahead on "power lunch," beyond tech it's a huge week for earnings, while most are hyper focused on tech the

. >>> thank you, scott i am brian sullivan. here is what is ahead.l the key inflation numbers, earnings, and yeah, the jamie dimon markets that are sending the markets low. one of your guests from the shine, turn total dividend payers, the safer name three stocks that he likes right now. >>> plus the nasdaq once again lagging today. chips are being shelved. in case -- it may be yes, sir ahead.

. >>> hi, i'm brian sullivan in for kelly evans once again here's what's ahead.han 7% mortgage they're on the way, if not here already. bond yields spiking again. we're going to hear from somebody who says the fed needs to slow down the speed of hikes. let's talk oil it is actually slightly higher, even as the white house keeps selling america's energy reserves are we on a collision course with opec as well? we're going to hear live from the president in moments >>> and trouble on the mississippi. how ultra-low water levels may turn into another supply chain an

i am brian sullivan. let's be honest, we are going to try, try to figure out what is happening on wall street today, because it has been a bonkers trading session. the good news, the dow is down about 600 points it had been down about the same at the lows of the day, a nearly 1,200-point swing. not to be outdone, the nasdaq rising more than 4% from its low of the days. one of the biggest bounces we have seen in a long time all of this as inflation punches americans in the gut once again. a stunning 8.2% year over year jump in prices so what does the fed do? well, probably raise rates for a long time, says one of your guests today and if that is not enough, you've got earnings season kicking off. you'll get you ready with a big bank edition of earnings exchange, and if that was not enough for you, an auction of 30-year bonds also happening right now. the little prompter says, walk animation. so walking to the animation. there it is. speaking of bonds, earlier today, the yield on the 30-year crossing 4% for

that's the one that i want, kate >> we're waiting on it >> thank you let's go to our friend, brian sullivanthe cnbc news update >> thank you very much here is your cnbc news update at this hour. the u.s. coast guard intercepting an overcrowded migrant boat off the coast of southern florida on sunday migrants have been at sea for seven days and they were without food or water for the last two the coast guard transferred the 96 haitians, one bahamian and one you a began dannon >>> the flash star ezra miller pleading not guilty in a vermont court. he's accused of breaking into a home and stealing several bottles of alcohol miller faces a maximum of 26 years in prison for the burglary and petty larceny charges. >>> and starting today, low-cost, over-the-counter hearing aids are available without a prescription and without a medical exam the fda approved the update back in august for individuals with mild to moderate hearing loss. white house is touting that this could potentially save americans thousands of dollars tyler? >> thank you very much appreciate it. >>> ahead on "power lunch, "-- yeah

i'm brian sullivan in for kelly again.day, though we are off the best levels. the dow up 1,800 points from thursday's post-inflation low. but can this rally really be trusted? not everybody is a believer. oh, a guy named bill gates is going to join us yes, that bill gates we'll talk to him about the companies he is investing in, where the money is going to fight climate change, polio, et cetera plus, with the

i'm brian sullivan in for kelly once again welcome to "the exchange." here's what is ahead a big interday turnaround for stocks, even shrugging off midday comments by the fed's horrorloretta mester that more needed we're tracking everything from the macro to main street russia attacking energy infrastructure, irani oil workers going on strike. new fights between the white house and opec what does it all mean for energy prices and inflation ahead we'll dig in and if inflation is really beginning to slow down, will some stocks get set to pop we're going to allow down just a little bit of optimism why not. our trader naming one group that certainly could rally. all of that ahead coming up on "the exchange. let us begin with those macro markets, because they have made a nice turnout at one point, the dow was down about 128 points we are on our highs of the session. we are up 359 right now. the nasdaq was down until really moments ago. a sharp reversal from this morning. which is interesting, because you've got some, i would call it, negative comments from t

i'm brian sullivan in for kelly again. stocks are higher once again today, though we are off the best levels. the dow up 1,800 points from thursday's post-inflation low. but can this rally really be trusted? not everybody is a believer. oh, a guy named bill gates is going to join us yes, that bill gates we'll talk to him about the companies he is investing in, where the money is going to fight climate change, polio, et cetera plus, with the midterm elections approaching, is it really all about gas and groceries? you can expect to hear those words a lot the next three weeks, as money and politics, they really start to collide heading towards election day we'll get to all of that and more but first, let's get a chick check on the markets today no dom today, you're stuck with me stocks are adding yesterday's big gains, but off the highs right now. still, dow up 269. the nasdaq is up .7% again, we've lost some steam will we end higher stay tuned to the market to find out. we've come down a bit, still, we are up lots of so-call

i'm brian sullivan melissa had tonight and tomorrow night off. live from the nasdaq market site and on your desk tonight, we have tim seymour, karen finerman, dan nathan and guy adami. let us begin at the beginning with a major rally on wall street the nasdaq surging nearly 3.5% today. and that move, my friends brings the nasdaq back to positive for the month. huh. the nasdaq 100, it was the best day since july the s&p 500 up more than 2.5 as long-time bear mike wilson of morgan stanley now says the index could see a bear market bounce that takes it back above 4,000. take a look at the moves in big cap tech amazon jumping more than 6%. adding almost 70 billion to its market cap today what will jeff bezos buy it's now 12% above its june lows and does today's monday surge suggest the bottom may finally be in? with stocks, we've got a lot to talk about is that your piece all right, dan? we're all on cam race, oh, sorry. >> doing one of these things all good i don't know where guy adami is in some bunker somewhere, but i'm going the start with him gu