. >>> good morning i'm courtney reagan for brian sullivan. our sarah eisen set to speak with treasury secretary janet yellen but first a quick check on the markets. the u.s. stock futures this morning the dow jones indicated lower by 50 points, the nasdaq down by 128 points this morning after we got the disappointing earnings reports from apple and amazon the s&p andnasdaq did close at all-time highs outside of stocks crypto popping once again, this time it's ether hitting a record high, it's up 55% in october if you look right here up almost 3%, more than $4,300, and bitcoin is up about .5% to almost 61,000. your two money movers, apple and amazon revenue at apple falling short of expectations while earnings in line. this is the first time since 2016 they failed to beat on earnings and the first time since 2017 that sales missed as for amazon, the company missing on the top and bottom lines and delivering disappointing guidance for the holiday quarter. this is the first time since the start of the pandemic that amazon has missed bottom line

. >>> good morning i'm courtney reagan in this morning for brian sullivan here's how your money and the global markets are setting up for the trading day. stock futures here for the major averages are indicating a higher open for the s&p 500, by 11. dow jones higher by 60 and nasdaq indicated higher by 72 points this comes after we saw stocks slip yesterday with the dow shedding 250e points similar story for the s&p 500 which fell for the first time in the last three sessions. the ten-year falling sharply you can see back below the 1.6% threshold at 1.54% and oil prices facing a third day of losses. wti is currently trading at $82.20 that's down .5%. and brent crude at 84.04 down .6% >>> and apple and amazon are set to round out the week of big tech earnings after the bell today with amazon, the health of the ecommerce market and cloud business will be in focus while the impact of the global semiconductor crunch will be key for apple's numbers. several big earnings reports out in europe this morning for more on that let's get to julianna tatelbaum in our london news room. great to see y

so now that carebear has finally arrived at her destination, a toy store in massachusetts, courtney reaganus just how much customers can expect to pay for her trip even if they can buy one. >> so when you put all of this together, basically it's taking twice as long to get a product like this carebear from the factory in china to this learning express store in bedford, massachusetts and it's costing the toymaker basic fund about 620% more than it did prepandemic to make that journey. which means that up to a quarter of the care bear's cost is just transportation alone >> we're adding a freight surcharge at the end of the invoice. and the retailer will have to determine whether they incorporate that into their selling price of the goods and raise the price a little bit or they absorb that >> i mean, this is just a very difficult problem, of course, as you can understand this toy store is selling the care bears for $16.99. they say that they have enough inventory for now. >> we've been very fortunate that our vendor partners have not increased their prices substantially. so we've been able t

new york stock exchange the major averages mixed heading into the final hour of trade >> i'm courtney reagan in for sara eisen just 194,000 jobs added versus estimates of half a million. the 10-year above 1.6% as banks get set to report next month and the energy market is a key focus or wall street hitting levels not seen thins 2014 59 minutes left to go in the session with the nasdaq lagging. >>> coming up today, chair cecilia rouse will join us to talk about what's behind the big headline miss and developments this afternoon about that global minimum corporate tax rate no doubt we'll hear from her on that and speak with paul poll man of unilever about the urgent message for corporate leaders. >> mike santoli is tracking the market action and steve liesman -- >> matching ties. >> inside the jobs report. mike, start us off. >> i think it's october colors the market you could say is a muted response uncertain response to the jobs numbers. evenly balanced between stuff going up and down. the higher treasury yields but enabling the s&p to retain this 1% plus gain for the week and puts it in a l

vicky nguyen is here we have courtney reagan from cnbc and the legendary stephanie ruhle.go. i want you to have a happy celebration, have the food and the presents and everything you need for your celebrations everyone is talking supply chain and shortages. i think it's more about the fact that everything is so unpredictable. we were just at trader joe's the other day. our cookies that we wanted are not there. it's not that they're never going to be there. it's that they're coming in on a truck that was two days late shop early and shop often. if you fail to prepare, prepare to fail. i want people to budget and make a list right now think about what kind of presents that you want to give and start saving you are going the want to prepare to pay a little bit more a friend of mine who knows people in the shipping industry says cargo containers that used to take $3,000 to get from a to b, now $21,000 those costs are coming down to us as consumers. when you're shopping, think about planning ahead, buy one get one free deals, things that are nonperishable, you like sparkling wa

. >>> welcome back i'm courtney reagan in for brian sullivan here at cnbc global headquarters here's how stock futures are looking halfway through the 5:a.m. eastern hour here we have futures down lower, do you jones down by 104 points, s&p off by about 10, and nooz nasdaq lower 20 points here. of course, inflation concerns continue to dominate the conversations on earnings calls from nestle to brinker and right here on cnbc >> all of our contacts are saying there's shortages and bottlenecks and they're going to last longer than originally expected but i think all the firms can navigate that and we'll see inflation readings come back down >> i do think that, actually, the inflation which we see right now is obviously alsodriven by certain supply chain problems which we have worldwide. that will a little bit de-escalate a little bit over the next couple of months but i'm a firm believer that we will see the inflation for longer it's not just temporary. >> i do worry about inflation. i do worry about our government because, you know, each government we have is worse than the last i wor

new york stock exchange the major averages mixed heading into the final hour of trade >> i'm courtney reaganed versus estimates of half a million. the 10-year above 1.6% as banks get set to report next month and the energy market is a key

exchange the bond market closed today major averaging kicking off the week slightly in the red i'm courtney reaganfor sara eisen. cleveland cliffs announced an acquisition this morning and southwest airlines getting hit after the company canceled more than 2,000 flights over the weekend. we'll have more coming up.

here to break down the headlines, of ami capital management joining us along with courtney reagan andg us from the nyse. first up, gold man sack swapping in walmart for target on conviction list, saying increased market ability and market share are reasons to be bullish on walmart this is one of the great pair trades of the year the stock under performed, hovering around break even compared with target's gains of 43%. goldman reiterated the buy rating on target, just removed it from the conviction list mainly on outsized growth. chris, which one would you be a buyer of >> kelly, i like this call i think walmart has way under performed not only target but the s&p since the beginning of last year. both have great managements. i wouldn't sell my target but i would pick up some walmart here. i think they're the only ones online that can come close to amazon with logistics and delivery method. >> bob, what would you add to that if we zoom out it will show walmart was a great performer in 2020, so part has been a pandemic hangover effect >> i think the call makes sense as a relative value t

and seymour investment manager you're not an extravaganza, you cover it courtney reagan is here to rounddeere is the latest company facing a worker strike with roughly 10,000 uaw members from 14 facilities across the midwest refusing to work after rejecting a contract worked out between the company and the union. the members are saying the agreement didn't sufficiently increase pay or guarantee pensions for new employees the news briefly setting shares lower this morning before recovering coinciding with one at kellogg and follows recent strikes at mondaliev. and the looming strike in hollywood. is it just our imagination or are these becoming more frequent >> this is where inflation is now a mainstream issue and not just a wall street discussion about whether it's temporary or not. we look at deere the unions were looking for about a 5% increase in wages this year and next year. well, we saw cpi this week up 4.5% and we saw the government, the new social security cost of living adjustment is going to go up almost 6% so that's where the perspective is from the unions and even they were o

us and has a sto about which group in particular is makin cnbc's courtney reagan covers retail for usng something old new again. digging through the rows of t-shirts and finding something cool. >> she's a part of a growing >> mayor stanfield can afford to shop at the mall just prefers not no. >> my favorite part is like digging through the rows of t-shirts and finding something cool. >> she's a part of a growing cohort of consumers who are swayed to spend on second hand. >> i got this and i wore this actually the first day of school with these green shorts. >> according to a report commissioned by resale website thread up, the secondhand market is expected to more than double to $77 billion over the next five years growing 11 times faster than traditional retail much of the growth suspected to shopped secondhand for cloerkts shoes and accessories over the past come from gen z and millenial consumers. over 40% of them have already shopped secondhand for cloerkts shoes and accessories over the past year. over half of teens already by secondhand clothing. >> young people today still want

you get the idea courtney reagan has the details. >> the headline number show american households planseason than less which is a strong spending season and near 2019 levels. but there is a disconnect between what households spend or plan to spend more and a lot of worry about inventory and pricing. higher income americans or those with incomes of $100,000 or more plan to spend 15% more this holiday season than last year. that's five times more than lower income households or those with incomes of less than $50,000. the lower income households say they plan to spend 22% less than last year. there is also households that don't plan to spend at all 11.56% say they are not shopping this holiday season. that's more than double 2020 two thirds of those non-spenders are indeed lower income households consumers are worried about getting what they want this holiday season 75% are concerned about stockouts. 70% do expect higher prices on the goods that are available the worry is that -- the good news is the worry may be worse than reality 7% of executives are worried about getting holiday order

exchange the bond market closed today major averaging kicking off the week slightly in the red i'm courtney reagan in for sara eisen. cleveland cliffs announced an acquisition this morning and southwest airlines getting hit after the company canceled more than 2,000 flights over the weekend. we'll have more coming up. hopefully you with reren't a passenger on the flights. >>> indeed rising costs with jeff currie and savita subramanian will weigh in >>> focusing on the big story just mike santoli is tracking the market action and phil has the latest of cancelations at southwest airlines mike >> remans an indecisive market you mentioned the bond market closed we lacked the guidance from treasuries yields are higher going into today's market session con central banks might be apprehensive and in the confusion zone even as the highs of the day still below let's say the s&p 50-day average and still kind of side winding in this area, still a 3% orso pullback from the highs. doesn't look like an urgent negative action and stuck. maybe waiting for that inflation print. earnings coming. look at the value v

. >> let's bring in courtney reagan a good look at the kinks in the system right now at every step ofges or getting supply what are you hearing from these companies? a lot of them retail about how long this is going to last. >> reporter: yeah. that is the really tricky question, sara, because a ltd. of this started when covid kicked up overseas and things delayed when factories and ported shut down and then swell of demand from those of us buying the goods in the united states and so i believe that the port of l.a. manager said it is ten las of travel into five lanes. people think it won't decrease until 2022 at least. >> increase in the shipping costs for care bear at $17 what's the money number roughly speaking for the shipping costs? 600% sounds massive but $5 to hike the price >> reporter: yeah. so they won't give us the details of everything that goes into the cost of a care bear and gave percent tajs but can be as low as $12.88 at walmart with economies of scale and basic fund is telling us that it now the cost just the transportation cost input into the cost of that bear is alm