. >>> david einhorn with his pick in the space and that stock is surging today. >>> president-elect trump is selecting his cabinet with surprising picks. >>> and disney out with earnings this morning why the company's bottom line may not be the main attraction. >>> the surprising part of the market that has seen $1 trillion of investor inflows and our next guest says it is not slowing down it is thursday, november 14th, 2024 and you are watching "worldwide exchange" here on cnbc >>> good morning happy friday thank you for being with us. i'm frank holland. let's kick off the hour with the stock futures with the mixed session yesterday. the nasdaq and russell 2000 post back-to-back losses. this morning, in the green across the board s&p up 60 points nasdaq up 19 points. fractionally higher as well. we want to check the bond market ahead of the inflation print, ppi out at 8:30 a.m. eastern still moving close to july highs. moving about ten basis points yesterday with the benchmark now at 4.47. similar story for the long bond here up right now at 4.64% upside moves after that inflation report

inflation data supports a december fed cut hedge fund billionaire david einhorn warns at the cnbc delivering alpha >> we have increased our expectation on inflation we will have another up inflation. i think what the policy mix that is being proposed is inflationary >>> and president-elect trump makes a shock pick for attorney general tapping controversial florida representative matt gaetz and the republicans will maintain control of the house with the red sweep in washington. >> politics is tough and in many cases, not a very nice world it is a nice word today and i appreciate a transition that is so smooth. >>> let's start today's show looking at some of the corporate stories out this morning starting with siemens, they reported a historic high coming in at 9 billion euro on the back of just under 76 billion in revenue. however, orders fell 4% on a comparable basis the german industrial giant sees revenue growth between 3% and 7% in the fiscal year of 2025 and warned of rising geopolitical risks on the horizon the german social giant sees revenue growth between 3% and 7% in the fiscal year

david einhorn had a surprising sanguine take saying there is no reason the market can't do fine for a for an overvalued stock market, that's not necessarily a bear market and has to go down any time soon. i'm not particularly bearish i can't see what's going to break the market at this point not that it can, but there is nothing obvious to me. i observe it is a really expensive market and if you buy and hold for a long period of time, i doubt you will look back and say this was a great entry point. >> reporter: he said he's betting on inflation and revealed a new long pick cnh holdings a trk actor and combine maker. the multiple is cheap and thinks next year or early 2026 will hit an upswing in the cycle as prices move higher the shares are up 3.5% in early trading today on some of those remarks. guys. >> leslie, you know, i left sort of midway through. i'm curious what actually the conversation looked like in the hallways with matt gaetz and the president and the election and where the markets were going what's the sentiment, you think, in the room? >> reporter: i had some of those c

recently got a prop when david einhorn mentioned it last week at a conference. writer, frankly. this company did not move, not doing that well today. let's go to charles in connecticut. >> hi, thanks for taking my call. i'm retired, many years now. i'm trying to increase my dividend income. i have two questions, i was looking at bts and pfc, and i wanted to get your opinion on both. >> the latter utility, great renown, but the former bts, is a total loser and has been a loser for many, many years. i cannot stand by defect of even thinking that dividend is safe. i used to speak to the company quite a bit. they have not been able to deliver in many quarters. they have earned the appellation loser. let's go to jason in connecticut. >> hey, jim. we love the show. my kids and i watch every night. hey, wanted to get your thoughts on rocket lab. >> you don't need my thoughts on rocket lab. it is one of those docs people will buy estate love the name and the business. not a bad company by any means. it is up, i like to think that i missed it. i know people can't resist.

green light capital's david einhorn takes the stage. we will take you there foris

yes, sat down with green ligh capital's david einhorn who said he was surprised the election outcome as he was expecting it to be a little closer with less political stability but as a result of the election, he's increased his bets on inflation because he thinks the policies of the next trump administration will reignite those price levels not to the levels that we saw in the pandemic era but closer to about 3.5 to 4.5%. he also disclosed a new long he said he's been building in cnh industrials, an agricultural machinery company. you can see those shares are up 7% in afterhours trading >> you had a period where you had a bit of a boom in agriculture equipment purchases and now that's turned into a cyclical bust. ag prices are lower than they were and so farmers are cutting back a little bit on a global basis. and these things come and go and the equipment eventually ages and needs to be replaced this year, the ag equipment universe is probably 20% below its average demand over a cycle, and some time three or four years from now, it will probably be above, and that's the nature of ho

digging into the tax implications with the election of donald trump and then here fireside with david einhornin the risk of inflation and the latest pick and he will round things out the panel comprising redbird capitals and actor ben affleck about the investment opportunities in the entertainment space happening this afternoon and i am told there are a few tickets available in the register click on the qr code and there it is on your screen and we hope to see you there. >> what are the times for this? what is the landscape changing? >> that is my take. at enough that was necessarily is expected when this was planned a year ago because normally this event takes place in september so if we had held it in september we probably would've missed all of the newness of the market dynamic in the changing world order we can dig into with some of the brightest minds who have yet to speak out on this dynamic so publicly at least since the election took place a week ago. >> coming from perspectives all around the world i will talk to ontario for example about how is u.s. assets reviewed. >> it is nice it

conference yesterday, from big name investors on this inflation story, you know, listen to what david einhornout inflation. he thinks it is going to stick around listen >> we have increased our bets on inflation. i think that we're going to have another inflection up inflation. i think that what the policy mix that is being proposed, i think it is inflationary and i think that we'll see more of that over the next few years. >> the green light founder, hedge fund manager worries about inflation. i spoke with nelson peltz who is very optimistic about the trump win and the policies we're about to see listen >> we have got issues that we have to resolve. we have got issues that we have to deal with we have got to fix our balance sheet. we have got to get this immigration problem finally behind us. and i think trump is going to do that i really do. i think he's going to deal with those issues head on, i like the fact that he's putting a cabinet together right away. we're not waiting a month to pick one at a time, and do all that stuff, he's got a plan. i think he's going to do -- i think he's goin

delivering alpha investor summit here in new york city on november 13th speakers this year include david einhorn ben affleck. to register, go to cnbc.com/deliveringalpha or scan the qr code on the screen. to have original medicare. it gives you coverage for doctor office visits and hospital stays. but if you want even more benefits, you can choose a medicare advantage plan like the ones offered at humana. our plans combine original medicare with extra benefits in a single, convenient plan with $0 or low monthly plan premiums. these plans could even include prescription drug coverage with $0 copays on hundreds of prescriptions. and medicare advantage plans ensure that your covered medical costs will never go above a maximum out-of-pocket amount that you know beforehand. most humana medicare advantage plans include dental coverage with $0 copays for covered preventive dental services. vision coverage that includes vision exams and a yearly allowance towards eyewear. even hearing benefits, including routine hearing exams and coverage towards hearing aids. there are $0 co-pays for in-network prevent