dom. >> carolin roth with the early market action in europe. thank you for that >>> we have more to come here on "worldwide exchange," including the one word investors need to know >>> and fresh tub lrbulence on spirit airlines. >>> a choppy quarter, but have no fear. citi has the top picks that are set to takeoff in the final few months year. >>> and later on, former vice chairman roger ferguson tees up the jobs report and the impact it has on the fed. we have a very busy hour still ahead when "worldwide exchange" returns after this commercial break. at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today. >>> welcome back let's get a check of some of the mornings morning's corporate stories with silvana henao. >> good morning, dom not a good morning for spirit airlines which are hitting an all-time low after the wall street journal reports it is in talks with bond holder

dom. >> this is what my question is.n and bela ramsey and all of the others talking about the greatness this new phone is going to entail. is this going to be enough to get people to actually want to get it? i've heard stories now about whether or not people want to upgrade the phone. it is a tight consumer spending picture. is this the catalyst? >> the biggest bulls on wall street believe this is an a.i. driven upgrade cycle. they are saying it will extend longer than a normal super cycle because of the slow and measured way these a.i. features are rolling out. again, if you go to the store before today, dom, you will not get any of the features. you have to upgrade your software today and then upgrade again. no one really knows. i know tim cook told me he thinks this is a good reason for people to upgrade, but we're going to find out in real-time starting today, dom. >> big deal for apple mi ucongp as well. thank you very much, steve. final trades with fairleigh's katie stockton. we'll be right back. this is clem. clem

dom, back to you? >> rick santelli with the bond report. thank you very much for that. >>> still to come on this show. we'll get a bit more micro on earnings. the trades on chipotle and pfizer and ford in a deluxe version of three stock lunch coming up. a bento box f you will. >>> plus the crypto conundrum continues. ere few months we see a bitcoin rally only for the trade to get stuck in the mud. but some thing the election could be a true turning point. >>> speaking of battle ground georgia. how the state's economic success could impact the results in that state. "power lunch" is going to be right back. ♪ >>> welcome back. time for a deluxe three stock lunch today. we'll get the stories on three key names and then we'll trade each one of them. our guest host chris is our trader of record today. and we're going to talk a little more about the earnings side of things. first up, is chipotle. wall street is keeping a close eye on the third quarter results due out after the closing bell this around. investors patiently await the naming of a pe

>> well, no one wants to be a hood ornament, dom. fact that we have exposure to all these names, if you're managing $1 billion or if you're managing a $500,000 401(k) by yourself, you have exposure to the nasdaq 100. it's been the leader since 2023. every a.i. has gone up. the reason i have a tight leash, a 4% drop is plausible. all the uncertainty, we haven't seen anything. i'm not whistling by the graveyard by any means, dom, but it feels like everyone is holding their breath right now. why is the market continuing to melt up? that gives me pause. by having this, it is a loose stop, actually. i'm looking for a 2%, which in the nasdaq 100 world, the futures market, is quite wide. i'm looking for a 4% drop which, as you know, can happen in a trading session or two. >> one last question. kelly and i have talked about this in the past. the size of futures contracts are massive. the amount of leverage you use is massive sometimes between the big contracts and the e-minis. there are also micro e-mini contracts on the nasdaq and elsewhere

what does the non—dom?hat we've had brings in 8 million. 8 billion a year. >> 8 billion. it brings in. >> 8 billion. it brings in. >> you mean in income? >> you mean in income? >> in income? yeah. which is more than inheritance tax. we can't afford to go down this avenue. >> but i think the point is, and this is the kind of perspective that zoe is arguing for, that actually, the government need to be spending more money. they need to be investing more money. the point is that you use the national health service as an example. we spend just below £200 billion a year on the national health service and things are not getting any better. the solution is not spending more money. i actually think, by the way, the problem with this country isn't necessarily how high the taxes are, it's how complex the tax system is. and regulation zebby here's an idea why don't we have the lowest tax rates in the western world, which then grows the economy . the economy. >> and investors come in because it's so cheap to have a bus

dow industrials pushing in on 43,000 dom chu, what do you got in today's market navigator, sir?could bigger gains come from smaller packages that's what we're going to navigate today spotify is actually hanging just below its record highs at this point. our next guest says the streaming service could ride the coat tails of bigger entertainment rival netflix. now spotify is due to report earnings later on next month on november 12th. joining me now is todd gordon, the founder of inside edge capital to get ahead of that trade. whether netflix sets the stage for even more outperformance on a relative basis from the likes of spotify they're not direct competitors, but you get the idea >> no, you're right, dom they're part of the same sector. and industry, not industry group, within communications but, spotify looks great as you said, it's hanging below the high i held the stock since i first add it in feb of last year, added sub-feb of this year added a little more. if we can break above this all-time high, probably after earnings dom, i would like to add to it. the technical chart

you pay ,200,000 and you're a non—dom. and that's fine.through all these different loopholes in the uk . it scares loopholes in the uk. it scares people. it's complicated. and as you said, it's uncertain. >> but isn't there a fairness argument that people on paye have no choice? they've got to pay have no choice? they've got to pay their tax. it gets taken out of their salary every month. they have to pay the vat, they can't avoid it and the petrol duty and they see these non—doms, these rich fat cats getting the cream and not paying any tax or paying a lower tax rate than they are. that's really infuriating, isn't it? to british citizens? >> absolutely. of course it's infuriating. you know, i'm on paye, i can't just jump around the world. but the way i look at this is you can either live in the real world or you can live in essentially. and by by what i mean by that is, you know, we can do this tax policy and they can do this tax policy and they can leave. and as you said, they'll take their investments with them, they'll take jobs, they'

>> yes, dom.u look at a two-day chart of 2s and 10z on the same graph, it's quite illuminating. first thing i want to point out is that we made our low yields well before the missiles started to fly. granted it's been a yields down day. 2-year were made the low session 9.40. currently at 3.62. 10s made the low yield at 10:00 eastern 3.69 currently 3.74. that's one thing to notice. the other is that 10-year note yields are trading under yesterday's lows. 2-year note yields are not. short maturities are leading the way down, taking that steepness away and have been positive for three weeks now on the 2 to 10 spread. also news in europe about their inflation. and very similar to the u.s., many of the het ricks with their cpi were good news. they were lower. although year other year core just like in u.s. was sticky, much closer to 3%. but nonetheless, yields fell. and 10s minus boons were trading at the widest in two months at 170 bases points a difference and take it a step farther, if you look at b

dom chu, thanks. >>> now to my next guest to pick up on what dom was discussing in terms of the defensees. sheila, a couple of all-time highs today, but investors are wondering if this is an overreaction to what we have seen taking place with this missile attack on israel, especially if this represents closer to the end of the conflict than the beginning. perhaps it's too soon to be making those debts. >> investors have been positioned very selectively, given what the s&p is doing. so we're seeing that rotation reversal into the defensive names like the boeings of the world, which have a little more data. in terms of the defense sector, though, what we're seeing is a continuing revolution running through fiscal 2025 that starts today. so basically we're seeing the can kicked down the road until after the elections. our base case for that, including inflation, is about 3% growth. so you see about a 2% internationally in defense budgets. zain sk so, our base case for defense spending is in the 3% to 5% range. of course, it was announced over the last week, as we get air strikes in lebanon

first of all, i'm a chartist at heart, dom and kelly.t 1326 in 40 weeks of moving averages. that's beginning to slope upwards. i say beginning, because it's beginning with the 13 week le moving average, so 2 3/4 worth of prices, and then i want to see it overcome its recess yan tone, then that would give me the conviction i need. and also confirmed by the -- that gives me, from a technical persp perspective, a neutral to bullish view. >> what is the options trade you think you can do here? it sounds like you could just go long, but what else do you see? >> if we sell premium, we can tap tur the neutral to bullish view. the way i want to do that is i would sell the at the money put, go out 45 days, capture premium to, so earlier today, i was looking at the 32 strike december 20th puts. they were giving me about $1.80 worth of premium. so i'm capping my up side to 185, but in the long term, if you think about that, that reps 5.5% of the strike price or the current price of the security, even if the current yield environment, that's a prett

on dom click everyone will find housing for themselves. the third eurasian economic forum has started its work in yerevan. russia is represented by prime minister mikhail mishustin. heads of government of the ias countries, after the traditional photo ceremony , they moved on to discussing the agenda. in the spotlight. they read the fee for the disposal of the car, it is mandatory for both individuals and companies, it is charged, as stated, to ensure the subsequent disposal of the vehicle. over the course of several years until 2030 , the rate will gradually increase. it is expected that this year the increase will be one-time at once by 70-85%. then an annual indexation of 10-20%. the disposal fee is paid once, it is paid by domestic car manufacturers, and dealers of foreign cars. here are some private buyers who decide to bring a car from abroad on their own, the increase in tariffs will not affect. the only exception is made for cars with a volume of up to three liters, which are imported directly by a person for personal use, that is,

. >>> dom which you is here.&p is off 1 towards, and the dow the champ will but it was off more than 400 at one point. dom chu, what is in today ace "market navigator. ? >> china's manufacturing data expanded for the first time, believer believe it or not in six months, but the china meets market slipped. still, our next guest says this could be the start of an actual real turnaround to the up side. joins you is founder and c.i.o. of ralient. jason, this has been called uninvestable, and david tepper really said, everything, i'm all in. >> and when are the carolina panthers? >> as a commanders fan, i know he's curious about this, but as a markets guy, i'm curious. what do you see as the opportunity in china right now? >> well, first and foremost, you do want to be aware of the head space. i don't think you want to get ahead of yourself. do believe in beijing. it's going to do exactly what it says it will do. it's going to spend money, it's going to bail out real estate, and it is going to be -- again the national

that's something that's his dom and his team have mentioned again. and again, just today we see the delegation quite a height, how delegation from the european parliament in london. and they told us, john was that it does matzoh, this reset of this intention of the new government and that they do negotiate with them and in good faith. however, this does not mean that breton will rejoin the european union. that definitely is most on the cards, but they sides are basically trying to figure out without re joining the union or the single market. how close can the cooperation get, for example? so what will that be? 4 in defense policy security that so all these a new cost waste, web based sites are looking at to thanks very much for your analysis. that's dw correspondence, big loss and let them know to the crisis at one of the wells largest comp, manufacturers. and one of the jim and his biggest employers, folks organ says it has to significantly cut costs after it reported a steep decline and search costs or earnings. but germany's largest labor union is

let's start with the markets dom, can't really seem to keep it down today. >> right now, it's red butll session highs right now. for the dow, it's down about one quarter of a point right now, so flat on the session. again, tilting almost towards positive territory here. the broader s&p 500 is at 5844, that's down nine points, about 0.2 of 1%. this is, again, the highs of the session right now. we were down as many as 32 points on the s&p at the lows. the nasdaq composite, just about flat on the session, trying to find some green, like the dow just did in the last couple of seconds. the come pposite index is over 18,000 another place we are seeing record highs is in the precious metals come plix gold futures again, they are a record high right now for gold futures, up on the session by the way, we're seeing some nice moves higher insilver, that catchup trade it's already up 49% over the last year. you can see that orange line outperformance in just the last couple of weeks or so. 12-year highs for silver, so keep an eye on not just gold but silver, as well. one big loser, laggard in th

we don't know directly is to do with the non—dom tax . non—dom tax. >> these are people who've boughtdeal of assets here. we're talking about very serious investors in great britain . and investors in great britain. and they are leaving because they don't have any faith in the future in this country. and i don't blame them. >> that's a bit different from the tax thing. they may well be that that's what i mean about them being highly mobile. they may well leave because they don't particularly like britain . don't particularly like britain. those who do like britain will stay and pay their tax, and surely there must be. >> what they don't like is the labour government saying they're coming after your money? don't you remember? go back to 1998, peter mandelson, who is still a big figure in the labour party. he said he was intensely relaxed about people being filthy rich. rachel reeves isn't, and she doesn't seem to understand that rich people create jobs, create wealth for other people. >> but what the labour party doesn't understand is that by taking everyone's money, which is all they

and if they understood what the dom bass was and that most people in the don bass wants to be part of russia, especially because of the war that they've suffered since 2014. that they might change their minds about continuing to support ukraine in this war. what did i expect to see? i, i been there before. i should say this is my 5th time to the don bass. the 1st time was in november 2022. and i was curious to see how well the towns were dealing, whether they were still war torn, weather, you know, there were still active conflict in the towns. and what i was surprised to see, particularly in marietta, which we visited, which had been fairly pretty much leveled during the conflict. i was really shocked to see how much should have been reconstructed since the last time i was there. about 2 years ago. i think rushes put in about $5000000000.00 and it shows, i mean, just gleaming new buildings, new apartment buildings, new hospitals, uh new schools. and that was pretty incredible. um, it's a pretty stellar looking city at the moment and that, that surprised me. the 5th time you visited,

. >>> dom chu, let's get to today's market navigator. does all that shines brightly indicate gold?e going to kind of link the last segment you guys just talked about with pippa stevens on the oil trade and link it with gold. so what we're looking at is the crude oil trade, right? prices are slipping. traders continue to keep an eye on the mid east tensions. gold is climbing to new highs, at the same time. our next guest says the two are connected. and he's here to help us navigate the flow between those two commodities. join us is the chief market strategist at blue line futures. phil, let's talk about the oil trade. we just dove into it a bit more in depth in the last segment. i would like to hear your take why your seeing the decline in prices and whether or not that rotation, many if you will, is going from gold into commodities elsewhere or is it going from oil into gold? >> yeah. i believe that the selloff in crude oil could boost gold up to new all-time highs. there's two take aways, the inflation expectations in the rotation. there's an interesting dynamic between the price

over to dom chu.rnings movers this morning to start off with look as levis, down roughly 11% after reporting better than expected profits but weaker than expected revenues. levi kept its full-year guidance, revenue guidance cut to lowest estimates. the company looking to possibly sell its dockers khakis brand. levi strauss down 11%. also this morning, constellation brands, shares higher now by about 2% after the beverage alcohol company behind brands like modelo modavy, up 6%. wine and spirits fell 12% year over year basis for the quarter. constellation brands up necessary 2% end with a look at tesla shares cooling after a nice run higher over the last few weeks reporting, remember, yesterday, third quarter delivery numbers fell below some analysts expectations ev giant struggling with demand pullbacks in china competition in china as well halting sales of lowest end model 3 sedans in the u.s. market shares down 1.25%. over to you. >> thank you, dom. very good. >>> and berkshire hathaway selling more

and the chancellor is abolishing the non—dom tax status.d a raft of spending plans too — £22.6 billion will go to the nhs in england for its day—to—day spending. investment in education, to pay for maintenance and school buildings, will increase to 6.7 billion in england next year. an extra i billion has been also been earmarked for special educational needs. and £11.8 billion has been put aside to compensate victims of the infected blood scandal. there's 1.8 billion too for victims of the post office scandal. the opposition leader, rishi sunak, described the budget as "an enormous borrowing spree" that contains "broken promise after broken promise". tonight, we're in lowestoft to look at what the budget means for you, we'll get reaction from people here in the town. first, here's our political editor chris mason on the scale of today's announcements. it isn't the most famous door on downing street, but the build—up on what's been going on behind it has been growing for weeks, the focus getting sharper on what would be in the budget and who

non—doms, are they? >> okay. all right.now how you feel about the idea that you know, this this multi—millionaire labour leader who's embroiled in this donor gay and you know , potential gay and you know, potential electoral law issues surrounded by you know, gosh, a couple of other very well—off people, etc. mean, how many times does keir starmer got now? he got downing street, he's got his one in kentish town. he can use lord alli pad, he can use chequers. he's got four homes. keir good gosh. and he could potentially is about to preside over huge amounts of tax rises for everybody else. but do you not find that a bit, a bit rum sean? >> i mean there's no evidence that he's about to preside over huge tax rises from everybody else. well, the truth is what the evidence is, is that they've inherited an economy with a higher with a higher rate of taxation than than we've had for decadesin taxation than than we've had for decades in this country. and they've promised to not raise all the main big taxes that affect most normal w

there's the non—doms what price? non—doms tax, which i'll grant you, was stupidly started by the conservatives, but made worse under labour and is now expected to cost the country money rather than bring in revenue . the than bring in revenue. the endless economic doom and gloom, which is politically motivated in order to blame the tories for everything, has seen business and consumer confidence go through the floor. there's the freebie scandal with holier than thou sir keir starmer proven to be the greediest member of parliament. that's right, the greediest single member of parliament with over £100,000 worth of gifts dating back to 2019. today it emerges that the chancellor, rachel reeves, has been charging the taxpayer for help with her tax returns for years and years and years, even though you and i have to pay for that privilege . labour have that privilege. labour have ditched free speech legislation in universities, perpetuating higher education as a focal point for brainwashing, social engineering and leftist

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dom chu has the latest.hy energy is in focus, we see the geopolitical risk driving the oil trade. it also has been the third worst performing sector in the s&p 500 this year. that's why it has traders thinking about what the valuation picture is like now. if you look at the sector spdr for the xle. if you look at the best performing stocks within the energy sector so far over the one-year period, it is targa and kinder morgan. meanwhile, exploration company apa is down 34%. that gives you the spectrum. with regard to where we see the lofty valuations compared to the rest of the sector right now, take a look at these. it has been targa at 29 times earnings on the forward basis. eqt at 29 times earnings on the forward basis and williams at 27 times earnings. all of these are forward pe ratio. how much you pay these today for the next year anticipated picture. if you look at the energy sector overall, look at the big valuation on the forward pe basis, becky. >> i hate to throw you this without warning, but what

patrick of 42 year old dom and shad history with right us news agency in early 2022. patrick begins chatting with nikki. a hung garen only fence. create to make his bio promised. i respond to every message. personally. patrick opened up to nikki. about everything from sexual fantasies to the shed law for cats. overtime he fell in love. nikki texted that she felt the same, but this romance came with the prize text. patrick spent nearly $7000.00 bureaus in total on what he thought was a real love affair. apart from paying for personal sex videos, patrick also said nicky, money for medicine and call repass. patrick even gave for a monthly allowance of about $200.00 euro for a while. unfortunately, that wasn't just one, the key the create i had employed so called check to to message fence on her behalf, even though her bios said otherwise. this isn't a rare case. it can happen to use us across the world where only fence is available is only fence supporting a fraudulent system. the only sans has become a huge the profitable business. it has over 200000000 uses 87 percent

dom chu joins us with a look at some of this morning's top premarket movers.r. morgan stanley right now up around 3.5% after posting an earnings beat and a revenue beat for the quarter. the bank said each of its three divisions generated more revenue than expected with investment banking revenue surging by a whopping 56% 23rfrom a year ago. couple key analyst calls out there. cisco systems is up around 2% after citigroup upgraded that stock, saying that wall street is underestimating tailwinds. the firm adding that with more a.i. coming, they expect continued investor rotation out of the semiconductors and hardware into networking equipment and that should benefit group valuation, so cisco systems up on that call, and shares of estee lauder down nearly 2% after hsbc downgraded that stock to a hold and revised its target price down to 100 bucks. it was $130. the firm said a recent trip to greater china and warnings that the beauty segment pointed to excessive optimism from hsbc, the firm noting that the ongoing restructuring could affect morale and lead to more

in itself, grow naturally because the freedom fighters of the day on one the name, the one for name dom i've the nicer when gum i'm the master was over throwing the one king bed rope he inclined to watch the soviet union and in bed. when the swan hi don was being built, it is the soviet who actually find on the building of the asked one high down. and the key was also taken by plumbing room. when gun adi gained independence in 1957, one of the things that happened is that you wanted to build the costs own without out of costs. at that time, you approach several western countries. they did not agree. and when he told the i'm now going to the soviet union, then they find out that goes on with them. and that is one of the reasons why in oklahoma, well then labeled as a communist. the same label was also born by hot medicine. re of getting it was very sympathetic to the soviet style of governance as was indeed has been bad. and you want to see at the time because the soviet union talked about communism. there was something that was beginning to emerge in africa called me will not lose them

dom whicchu, what are we watchi?> these transportation type of stocks are giving back gains after hitting highs yesterday. our next guest is taking a deeper dive into one name, and sees nor down side. joining us is mike khouw, thank you for joining us. maybe it's not out of realm of reason that we're giving back a bit today. do you think there's nor down side, and there's weighing to play it coming up? >> its think it's a bifurcated story. the results came out better than expected, and the airline space was generally trading as a very cheap multiple. it's not as cheap now. if you have a tock trading half the time earnings, you have some up side. the transports are not just the airlines, and delta and united are probably the best two, but we're also talking about the logistics companies, the truckers and the rails. i always look at csx, which also reported earns, and has also suffered some consequences as a result of the hurricanes we have seen in florida and in the carolinas. specifically looking to the carolinas, it

that is the sectornomics for the month. >> dom chu with our sectornomics.s bring in the head of rbc and european research baraj. bara baraj, great to have you here. >> good morning, frank. >> we have seen a lot of price action in crude recently. what is your take on the stocks and exploration space with the idea we are seeing middle east tensions right now? >> yes, i think you've got a real push/pull in the market. on the one hand, the fundamentals are sloppy. you have soft demand and the risk that opec may turn on the taps as we go into 2025. paper balances do not look great. at the same time, the demand in china has been quite weak. offsetting that is the geopolitical tension. what we is haven't seen so far is the geopolitical tension. that's the risk for the upside for the oil price. we think investors are thinking about a midpoint case of $70 to $75 brent. we get more and more questions of what do these companies look like at $60 or $50. the down side risk. >> we are following reports that israel is considering what areas to strike in iran. we are looki

dom's a player who i'm fully aware of him, i'm aware of him in the past.ter, he got injured just before selection. a player that has done so well and now he's taken the form into the spurs. he's got lot of good attributes that i like as well as being a really nice person. his extremely talented and it's good that we've gotten. there's no place for manchester united defender harry maguire in the squad and carsley said he has spoken to the defender about the reasons why. however, there is a recall for kyle walker who missed a game last month and lee carsley said that was because the manchester city right—back had not played that much football. and now he has, he's back in the squad and can help the younger players ahead of these next two games. england play greece in finland as they hope to win them to go back to the top of the table and get promoted to the top level of the nations league. alex howell reporting for us. 0nto cricket and at the women's t20 world cup, pakistan's hopes of making it to the knockout phase for the first time were given a boost as t

andrew, i'll send things back to you. >> dom, thank you for that.% yesterday, after not targeting the iranian oil infrastructure in that retaliation for iran's ballistic missile attack earlier this month. >>> when we come back, we're going to talk rising bond yields with societe generale's head of rate strategy. 4.8% we've been watching. >>> then later, we have a deep live on the deficit. will lawmakers be able to keep the discussion on the front burner once the election is over. that's all ahead when "squawk box" comes right back. (man) look at this silly little sailboat... these men of means with their silver spoons, eating up the financial favors of the 1%. what would become of them when they discover robinhood gold allows others to earn their very liberal rates on idle cash, unlimited deposit bonuses and handsome retirement matching? they would descend into chaos. merciless chaos. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?

the non—dom tax rate apparently isn't going to raise any tax. many new teachers. so, you know , many new teachers. so, you know, cracking start. i'm joined now by former labour mp steve mccabe. steve, thank you very much. is this the worst start to any government we've ever had ? any government we've ever had? >> no, but it's a government that's having to confront no end of difficulties, most of which is inherited. >> okay. i mean. well, he hasn't really inherited some of the decisions it's decided to make though. has it like taking the winter fuel payment off people or sue gray? >> no, but it's inherited a state of affairs where there is deep suspicion about anything a government does, where some of the things that are happening are things that were set in place by the previous administration, and where the economy is a direct result of 14 years of tory failure. >> okay. all right. so let's just have a little look. so sue gray, chief of staff, gone at the head of the civil service, leaving allegedly on health grounds. so that's gone. the top do

you got involved with dom shir in this interview. arifat, i am your opponent, my way is ready, joshnam, you are my opponent, i am your opponent, i am tehrani and ahmadi roshan, i am your opponent. don't listen to me or ali, my opponent. don't listen to me, or ali. everyone's belief is that this is either haider in merck bibah, or haider, my attack is haidari, or haider, we saw bani pa. in the name of allah, the merciful, the merciful. peace be upon you viewers this is dear and respected. dear 2:00 am, we present the news of this section. tel aviv under the fire of iranian missile attacks. last evening , iran's armed forces carried out operation sadeq 2. dozens of strategic centers inside the occupied territories were bombarded with rockets. zionist sources including yediot aharonot of firing more than 400 rockets in less than

the factory under prime minister victor on the riley was organized by opposition leader dom what y'all who has been launched as a phone challenger on the photos of the jail for more focused on the prime minister in ron con, have clashed with security forces and his mom about hundreds of protests, those have been arrested in apologies, have tried to seen off the capital to prevent cons, follows from gathering phone and internet services also suspended. the democratic republic of congo has begun to vaccinations. live in the slowing outbreaks of impulse, which i've already press 2 of the african nations. european union has donated more than a quarter of a 1000000 vaccine doses. the world health organization has declared impacts of pollutants and which is now almost 200000 people in london. a homeless organ temporary accommodation, a job is usually a prerequisite for permanent residence, but getting a job is often difficult without a fixed address. home kitchen is a new restaurant in london with a head chef who wants to help people experiencing homelessness break out of the special circle.

so morgan stanley, ual, two of the best performers in the s&p. >> dom, thank you very much. banks in the books in terms of earnings. but that means earnings season is just getting started. that's where we get started talking chips, commercial real estate and manufacturing. steve grasso joins us for his trades. he's the ceo of grasso global and a cnbc contributor. good to see you. first up, taiwan semiconductor shares are nearly flat right now, heading into the print. but up 80% this year. they're also a street favorite. no sells, one hold, 43 buys. sima is here with what to watch ahead of the results. >> taiwan semiconductor manufactures 90% of the world's chips, seen as a bellwether for the sector, and a barometer on artificial intelligence. nvidia, amd, even intel depend on them to build their ai chips. if anyone disrupted the production, the backup options are very limited at this time. last quarter, the ceo hinted at supply constraints. investors want to know if inventory remains tight. any delays could slow the rollout of ai applications. analysts know the bar is much h

>> well, it is a good question, dom.ontinue, i imagine a week or another two weeks, depending how long boeing can put together another agreement. yesterday, it was soundly rejected, and the machinists and most of them in the puget sound area voted no on the agreement, and that is an improvement with 64% compared to what they voted in september, and boeing has a long way to go. just to remind you, this is the deal on the table that is rejected, 35% raise over four years and a $7,000 signing bonus, and $5,000401(k) deposit, and annual bonus raise of at least 4%. we know that the labor secretary has been in touch with boeing and the machinists, and we will see how soon they can come together and put another proposal on the table to come together with the rank and file? >> has boeing had this much activity over the years? maybe it is constrained by the virtue of the ddue -- duopoly, and maybe if there is a company that is in need of a overhaul. >> it has been years. >> it has been years. >> it is it is a big company with the

dom, thanks very much. dom chu. ty? >> still to come, wall street taking on big techs.rap the headlines and give you some actionable advice in today's three-stock lunch. trois stocks. we'll be right back. >> announcer: market navigator is sponsored by charles schwab. trade brilliantly. ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel confident in your financial choices voya, well planned, well invested, well protected. craig here pays too much for verizon wireless. so he sublet half his real estate office to a pet shop. there's a smarter way to save. comcast business mobile. you could save up to an incredible 70% on your wireless bill. so you don't have to compromise. powering smarter savings. powering possibilities. switch to comcast busines internet and mobie and find out how to get te latest 5g phone on s with a qualifying trade-i. don't wait! call, click or visit an xfinity store today. >>> welcome back, everybody. we

dom?i'm not going to bury the lead we have a record high in an index that hasn't seen one this summer the nasdaq composite, 18,639 is where we're at currently up 224 points. the new high water mark on an intraday basis is 18,690, so 40, 50 points above where we are right now. that is the record high in today's session. the s&p 500 up about one half of 1%, 27 points. 2837 is your last trade there. even at the lows of the session, up about 17 points and 53 at the highs. so that's your trading range today. the dow industrials are the laggard, down about 0.2 of 1%, 42 u 297 is the last trade that's the bigger picture market check out these names. one in particular, and that's tesla, up about 3% right now a banner week for this electric vehicle giant. it's been over the near term the stock that's done a lot to compel the nasdaq with record high sessions. up strongly again. been a big week for earnings so tesla shares, keep an eye on those. and another thing to watch is the market cap dynamic be

back over to you guys. >> dom, thank you very much.ve got a fresh batch of data on the economy this morning, speaking of which, steve liesman is here to run us through numbers, and which ones have the most import? >> that's a good question, kelly. neither hurricanes or strike, adding jobs doing so with declining inflation. here are the numbers. 2.8 on gdp. not much of a miss, because everybody downgraded yesterday because of the trade numbers. so that really was in line with the most contemporary forecast that was out there. final sales, real final sales, 3.5, accelerating from the second quarter. pce inflation declining. and that pce number, a 0.6% decline. and there's that strong adp number, 233,000. all of this is dramatically different from the expectexpect, they saw anemic growth, and waning job growth. now the question is, the job market is strengthening instead of weakening. this is well above the consensus on the government and private sector. but adp still counts striking workers and workers affected by hurricanes because they

rich dom would love that joke.in weird science news, the annual ig nobel prizes were awarded last week. these are awards for silly or trivial scientific discoveries. among the winners were "dutch researchers who determined that startled cows produce less milk." during testing, the "frightening at first consisted of placing a cat on the cow's back and exploding paper bags every 10 seconds for two minutes but later the cat was dispensed with as unnecessary." okay, quick question, science. i assume since you've moved on to scaring cows with paper bags, we're all good on the cancer? that's all cured? 'cause until you do that, maybe we don't prank farm animals. moving on, according to new research, sitting all day can cause dead butt syndrome. [laughter] and you really want to diagnose that early, because once it dies, your butt starts to smell. so, what is it? well, sitting around all day can cause the muscles in your rear to become so weak from inactivity they seem to forget how to function in something called "glutea

great observation, dom. now, openai is rolling out a search function for chatgpt, sort of. kate rooney has more details. kate, there's some bing in there. >> so openai is taking on google and maybe taking on bing as well, and taking on those search engines with this new search tool announced, called search gpt, it's a way to get fast, timely answers with links to relative web sources, they say, which you would have had to previously go to a search engine for. this is a big change. openai has wowed users with the chat bot's thoughtful answers, the ability to create new content, but couldn't tell you about things like the yankees. it told me nothing. that is going to be changing. today's announcement may be the answer to its publisher question for copyright infringement. openai says they are working with data providers to offer real-time information, so think stocks, sports, weather, news. they also say any website or publisher can choose to appear in chatgpt results. they are providing links. you look at the demo, it does look a lot like google, which is fighting doj's accus

on dom klik everyone will find housing for themselves. yes, you just gave her a ride, you don't understand, there were such details, the main thing is not to forget in the car, this is my favorite umbrella, this is my favorite hint, mark, a cool name for a son, and also, and how to connect the music test cube, and it is already in the tariffs, yes these details mean nothing, well, if she i called you, i forgot my umbrella and didn't figure out the music cube, maybe we'll meet somewhere in a restaurant at 6, i'm for... sometimes details are the most important thing. cubes from mts - those very details and new features of your tariff. free doubling of gigabits, spam protector and other cubes connect to my mts. and mts music is already included in tariffs without additional charges, catch wow prices on ozon, a kitford vacuum cleaner for 1,499, double bed linen for 899, only at alfabank, order a free alpha card, spin the supercake drum in the application and get up to 100% every month, and also cashback up to 30% in categories cash withdrawal

. >>> let's start with the market action and dom chu with the numbers. sounding like a broken record. >> another day, another record high for the stock market. right now, we're green across the board. the dow industrials, the s&p, and the nasdaq composite each up roughly one half of 1%. so fractional gains. the dow hit record high, the s&p 500 also a star there. record intraday levels. for the dow industrials that sit at 43,272, up 195 points. the s&p 500 is at 5862 right now, up roughly 19 points, and again, at the highs of the session, we were up 36 points and up one point at the lows. so we are just right in the middle of that trading range so far, but an intraday trading high. the nasdaq composite at 18,460, up 93 points, one half of 1% gains there. there's a little bit to that tech outperformance coming up from the semiconductor stocks. taiwan semiconductor with a better than expected earnings report, buoyed by more ai demand, up 11%. that's carrying the rest of that semiconductor tide up. nvidia shares up 2.5%, again, record high levels for nvidia.

. >>> first, let's reveal the market reaction with dom chu >> kelly, it's a bit mixed right now, but broader s&p 500 is still in positive territory by 0.2% it's at 5806, up about eight points, maybe 0.1 of 1% at this point. nine points at the highs, up roughly 20 points, down 13 points at the low, the broader s&p. the dow off by about one half of 1% boeing, a big part of that story. 42,332, 180-point loss the nasdaq, 112-point gape big reason why, we'll tell you, it's testesla. and u.s. treasury prices are up. the ten-year note price is up. yields are falling to the 4.198% mark with regard to that big story on where we see the biggest downside, the biggest decliner in the s&p 500 is news mont. there is real concerns about whether or not the rise in gold prices towards records that we have seen over the last few weeks is enough to pro-fell newmont, which is seeing cost pressures of the cost it takes to extract gold out of the ground from the lows earlier this year, until the highs just before yesterday, it was at nearly doubling in stock price. that gives you perspective on that big d

expressed our shared humanity in new ways, helping us integrate all of our hopes, joy, and hard earned wiz doms-- wisdoms into the one life we're given and the one nation we all share. they've uncovered the memories we didn't know we held on to and the dreams we didn't dare say out loud. and they remind us of the transcendent moments of truth and beauty, and that they are not out of our reach. sometimes they just require a voyage within ourselves, of tours of people around us. joe and i are so grateful to be here tonight with these extraordinary medal recipients. [applause] each of you has helped us venture out to see our world with clarity, empathy and courage. thank you and congratulations. [applause] now, it is my pleasure to introduce the chair of the national endowment for the arts, maria jackson. chair jackson, you've empowered so many people to go on creative journeys and you've helped us we've the article. s and humanities into every part of our lives. we are deeply grateful toll have you as a champion of this community. thank you. [applause] >> good afternoon, everyone. i'm so pleased

and the chancellor is abolishing the �*non—dom�* tax status, which allows some uk residents to pay mostoney will be spent — more than £22 billion will go to the nhs in england for day—to—day spending. money for the construction and maintenance of school buildings will increase to £6.7 billion in england next year, with an extra £1 billion earmarked for special educational needs. and almost i2—billion pounds has been allocated to compensate victims of the infected blood scandal, with a further one—point—eight billion set aside for wrongly prosecuted post office sub—postmasters. wales, scotland and northern ireland have also seen increases in their budgets, in line with the changes made in england. andy verity explains how businesses are reacting. they have been — businesses are reacting. they have been unhappy— businesses are reacting. they have been unhappy and - businesses are reacting. tie: have been unhappy and saying this will affect employment, hit their profits, mean they can hire less people and may not be able to pay as much in pay rises. the ig est biggest effect is what they h

dom chu, what is -- what is in today's market navigator?l go deep into the rate side of things, ty, as exemplified by today's economic data and the cpi. the markets are getting ahead of themselves in terms of the fed rate expectations, but our trader thinks the disconnect could offer an opportunity to capitalize with a trade idea. joining us today is the head of systematic fixed income with allspring global investments. manju, thank you for being with us today. let's talk a little bit about this notion of the cpi and what it means for the rate picture? why do we think that the marks have gotten ahead of themselves with regard to projecting rate cuts down the line? ? yeah. that's a great point. thanks for having me. so if you look at what came out of the fed meeting last week -- or last month, rather. the forward guidance they gave us was two rate cuts for this year and six rate cuts by the end of next year, but the job came out friday and the cpi data that came out today shows there are still risks for inflation and if you look at the infla