dow industrials are now sinking, down 140 points. nasdaq down 53. s&p down 11.rd started just about a half hour ago. big tech probably most of them are down at this point. yeah, not so sure about that. apple at 188. microsoft's up three bucks. the rest of them are down this morning. >>> coming up target's ceo, chief executive officer, he says customers are happy that items are being locked up in their stores. really happy? i don't really believe that but we'll bring you the full story in just a moment. >>> the president of the richmond fed says buying a home has become unattainable for too many people. jim tobin from the national association of homebuilders on that next. ♪. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1

that the next move will be down rather _ likely that the next move will be down rather than _ likely, what - likely that the next move will be down rather than up, what kindl likely that the next move will be i down rather than up, what kind of conditions — down rather than up, what kind of conditions would _ down rather than up, what kind of conditions would need _ down rather than up, what kind of conditions would need to - down rather than up, what kind of conditions would need to see - conditions would need to see specifically— conditions would need to see specifically in— conditions would need to see specifically in order- conditions would need to see specifically in order to - conditions would need to see specifically in order to meritl conditions would need to see | specifically in order to merit a downward _ specifically in order to merit a downward move _ specifically in order to merit a downward move in— specifically in order to merit a downward move in interest i specifically in order to merit a - downward move in interest rates? we have downward move in interest rates? ha

what is he doing down there? i don't know. we have guys in both lanes going down.burning next to the cars up there. we've got to go help i these frickin' guys down there because they don't know what the - they're doing. in my mind the whole time, i'm still kind of holding on to hope that this thing is being contained. ijust kept thinking, like, "i'm sure they're fighting it right now. " although we hadn't been hearing sirens. u'i, noah and jonathan are all directed towards front street, where lahaina meets the sea. but as they sit in traffic, panic begins to set in as the smoke catches up with noah and his family. ijust don't want to be in lahaina. no, we don't either. we're trying to go. just to put it in perspective, it looked like it was night—time. if you got out, you couldn't see three feet in front of you. everything was shrouded in smoke. and i rememberthere was a ray of sunshine that came through and you could see how far to the bypass cars were blocked up. you could see how many people were getting funnelled down to front street. oh, my god. u'i was in one

new orders are down, 4545.5. production is down 50.4. employment is down 46.8. basically down across the board, except for prices. prices up a little bit, 45.1. that's not what the fed wants to see, but overall, this is the first sign of some significant slowing that we may have seen in the economic data in the past couple of weeks. everything else has been strong. so the fed wants to see this. now, everything else has been strong, particularly things related to the labor market, and that's where your jolts number come in. we see job openings are at 5,530,000 -- that's separations, sorry. hold on here. total number openings, 9,553,000. that is an increase from a revised lower 9,497,000 last month. separations, which is the number of people leaving their jobs, 5,530,000. that is down from the month before. so at this point, the jolts numbers suggest that the labor market still has a lot of strength. remember, jolts is the month prior. so this is september data. but it does suggest that there is still strength in the labor market, which is maybe why we're seeing t

the price of oil 76, that the move down to $73 a barrel, 3.9% down.hat will have an impact on gas prices i think, bitcoin, 37 and change, 367. just got the latest read on homebuilder sentiment. lauren: builder confidence fell for the fourth month in a row down 6 points to 34. is looking for homes right now, so many people say it's too extensive, not worth it. when you look at the cpi number, 70% is in housing. inflation is starting to come down. they are forecasting 5% increase next year. stuart: we've got jim tillman on the show right now. thanks. now this. when foreign leaders meet an american president they summon him up try to figure out what he's made of. right now xi xinping is judging his arrival. in san francisco xi saw a president who is physically failed, walked very slowly, almost shuffled and his speaking voice was faint. xi would surely have seen a decline compared to when they met just a year ago. watch this. >> i can't trump who is cbs. i'm sorry. >> mister president, a bank. lauren: i apologize was washington post. i think that's right

natural gas down 1%.g to do it for us on friday have a great weekend "squawk box" is coming up next we love going to games, but good seats get pricey. so we use gametime. gametime checks ticket prices in real-time and finds you all the best last minute deals. we got our seats twenty minutes ago for sixty percent off! last minute tickets at the best price, in seconds. download gametime now! the power goes out and we still have wifi at the best price, in seconds. to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. >>> good morning stock futures are relatively calm after fed chair jay powell said weak demand is rattling markets yesterday. we will show you what is moving right now. a s >>> a shakeup in washington. senator joe manchin will not

the economy is slowing down. i don't see a second wave of inflation coming from any quarter at the moment. >> bearish on stocks right now >> no. >> let's turn to - >> i think rates are done. >> phil, wrap it up for us you think the economy is going to slow. is it going to slow so much that it jeopardizes a rise in equity values over the next six months sore >> no. we've got an official soft landing call and ron made the point in terms of the disparity between third quarter gdp growth, 4.9% and fourth quarter. our forecast is 1.3% we've got 1% run rates in the first half of next year. we think the economy is going to slow materially, but not into an outright recession you grow earnings, multiples coming down because the economy is slowing and inflation is gradually moving lower multiples will expand. we think will drive stocks to the 4600 level by the end of this year, perhaps the 5,000 level, looking out over the course of the next year. we think this is a good spot for stocks, based upon the way the economic dyn

we're very good _ further down the line. we're very good at _ further down the line.entions but we _ good at coming up with inventions but we also have to think about how you make that invention a real part of the _ you make that invention a real part of the energy system. ?5% you make that invention a real part of the energy system.— of the energy system. 7596 of the earth is covered _ of the energy system. 7596 of the earth is covered by _ of the energy system. 7596 of the earth is covered by the _ of the energy system. 7596 of the earth is covered by the sea, - of the energy system. 7596 of the earth is covered by the sea, and| earth is covered by the sea, and energy from waves and tides is reliable. it could play a major role in the voyage to net zero. so from the shores of scotland's beautiful orkney islands to the farmlands of india. farmers have been traditionally been burning the remaining crops which has led to terrible pollution. air pollution is choking the whole of northern india, it's the same story every winter. what suffocates primarily is the smoke, th

steak is up 11%, major appliances are down 10%, smart phones are down 12% and airfares are down 13% andl oil is down 21%. it's hard to figure out exactly what we mean we talk about overall inflation? guest: we take samples of the american people and try to figure out what on average they spend on. then we assign weights to those categories. one important thing to note is after thanksgiving is the american farm bureau goes across the country and prices the average thanksgiving meal and it went down this year compared to years before. we so the prices go down. when you take that as a fraction of a worker's paycheck, goes to paying for the classic thanksgiving dinner and its lower than it was in the years leading up to the pandemic. we are seeing inflation go down while we just -- while wages go up. host: we are taking your calls on the economy and bidenomics. this is done in washington, independent, good morning. caller: good morning. thank you for taking my call. i just had a comment and a question. from a somewhat educated look at the world right now, one thing you notice from the pande

shares down over 5.5% after a down grade by piper sandler.n this one. >> well, i wasn't very excited when we spoke about this the other day. the stock has been sideways since may. now they come out with guidance that's putrid at best. let's remember something, this is a technology stock, so there are many places i could go within technology, and we'll see where we go in the month of january. i'll leave it at that. >> important to note it is a tech stock, but it's not -- we often talk about the different chips, also different tech stocks this is for engineering, construction, manufacturing, all the things we think are under pressure possibly next year even if we do have the soft landing. >> that's a great point because it has that exposure where a lot of other technology companies don't. but when you're managing money and you're looking at the universe, this is a technology stock. if i'm going to measure it against something else, it's not giving you the growth rate and performance you can get in other areas of the technology sector. >> those

, down, down, don, vitaly here, i i’m listening, vitaly, the guy feels better, he, he’ll come down fromas absolutely super, tell anthony, i really didn’t expect this. and 2 hours of excellent skating in such conditions is fantastic, these are my beauties, very cool survivors, and anton liked them, plague, it’s just that for dinner there should be roast lamb, for the second, for the first borscht, and dry white gras, here’s a little after, perhaps enough for... yeah, all this together with kari. i looked at my descent line, it was absolutely excellent, but pure bliss, i wanted more, i just couldn’t wait to get back on the slope. isaac, do we have hot water in our tent? sasaak ali, i am from baltistan, i am 43 years old. i work on the balttor glacier in the north, in winter i relax at home with my family, i have four sons, one daughter, my job is to cook food at the base camp, this year, but now there are only four, one assistant, one waiter. one prepares water and washes dishes, a kitchen tent, a dining tent, an office tent, here are the dishes, the dining table, they, they will go to th

nasdaq is down 80. s&p is down 13 and change. real quick, mike, obviously, earnings season is wrapping up. final word to you. >> look, everything is happening this afternoon. if nvidia were to miss, i could see the market down 5-10% over the next two weeks, and if they beat, that santa claus rally is in full effect. cheryl: all right. obviously, we're going to be watching all of the numbers coming out as all the markels, as mike lee says, are going to be after the bell. great to have all of you here. "varney & company" is up next. ashley webster is in for stu. hey, ash. ashley: hey there, cheryl. good morning to you. good morning, everyone. indeed, i'm ash ally webster in today for stu. president biden, by the way, wasting no time making his first gaffe on the first day of his 81st year. we're going to show to you the tape on that. and more bad news for the president, president trump's lead over joe biden is growing, and we're going to show you the very latest poll. meanwhile, in the mideast there are reports that a deal for host

the chimney had come down through the roof.e been declared in hampshire, the isle of wight and jersey. the storm is now moving up along england's south coast. the bank of england leaves interest rates unchanged at 5.25%. hundreds more people with foreign passports try to leave gaza through the rafah crossing. and, rishi sunak�*s ai warning. he says monitoring the risks of artificial intelligence is too important to be left to big tech companies. winds of more than 100 miles an hour have been battering jersey, as storm ciaran hits the channel islands and much of southern england. major incidents have been declared on the isle

we've been waiting for the consumer to slow down.onsumer confidence has been on the floor for some time. it looks like we are getting another tech lower. mike: it's hard to explain. the big news in this report for the markets will be a rise in consumer expectations for inflation. one year inflation is no forecast to be 4.4% up from 4.2%. last month, we went from 3.2-3 -- 3.4 and a drop is expected. all of a sudden, americans think we will be subject to much higher inflation even though much of what's going on in the consumer world would suggest the opposite. we expect the cpi to fall a little bit for the month of october. gasoline prices, $3.39 has been doing nothing but going down. in terms of the overall headline numbers, you mention 60.4 for the sentiment number. current conditions at 65.7 is down from 70.6. expectations tumbled to 56.9. what is most interesting about this outside the inflation expectation in terms of the large numbers is that these are big falls, not just a minor drop. something has happened to the consumers psyc

it's down 20%, bacon 5%. i read 1 million estuaries, and now they're down 20%.ll in for this dna. also activists right now. >> good evening, people,

we had ships bearing down on west coast ports. those in the media were saying that christmas was going to be canceled. christmas, of course was not canceled. all through the year, president biden had been challenging us to stay ahead of the issue and be prepared to respond. as tough as that season was, we wound up having an all-time record high of goods moving through america' e-sports, and people received their packages with a 90% on-time rate. happened because president biden brought together players from across different parts of the supply chain to address the biggest disruptions. under his leadership, we built temporary container yards in oakland. we partnered with ports to get containers moving more quickly. most importantly, supply chain workers stepped up. so thank you to the longshoremen, warehouse workers, railroad workers and everyone he was a part of that. and now, as economists are assessing some of the reasons why inflation is down so significantly compared to one year ago, many are pointing to the work that was done

down 48 points right now the s&p is down 2. the nasdaq, it's up 25 and shares of amazon are higher as online black friday sales jumped and beat estimates according to adobe shares are on pace for their highest close in a year and a half speaking of amazon, its deal to buy i-robot is being questioned by european regulators the ec saying the deal could restrict competition for vacuum cleaners i-robot down 18% on that news. just under $34 a share >> and as shipping and inflation shopping and inflation are top of mind, shipping too, president biden is about to speak at the white house. he is expected to discuss ways to improve the supply chain and lower costs for consumers. let's bring in eamon javers now for more what triggered this speech >> well, we're expecting to see president biden shortly for the first ever meeting of his newly created council on supply chain resilience biden is going to announce 30 new actions, the white house says are designed to strengthen american supply chains and tackle inflation that's the economic an

, we will not go down, gaza tonight. احنا بنيجي هنا عشان اهلنا محتاجيين 90% من الاطفال اللي بيعملوا في قطاع غزه هو بيعمل عند اللي هو قريبه من الدرجه الاولى يعني يا عند ابوي انا بطلت من المدرسه عشان اجيب لخبته وابويا مصح وعشان اشتطي ابوي اللي هي كمان ماكينه وهي ماكيينه هنا واقع كله واقف هو المصنع كان يعني زي ما تقول كان في حوالي 15 عامل او 12 عامل بعد الحصار والهذا كله وقف هناك ما يقرب من 35 الفريج موجودين عاطلين عن العمل. قاعدين في القياس بلعب فيهم بقياس بنحط فيهم يا عمي بقياس الله حاول هنا اختار. clouds in the sky in a corner in tehran a cemetery different from the iranian culture. and language, the hebrew writings on the graves show the dead bodies in the graves are from somewhere else. somewhere, not near, and not in the vicinity of iran.

eps growth, this is the guidance now, down 11%. the previous range down seven to down 13. lisa: they talked about how those ongoing pressure and this really speaks of left disposable income that people have with respect to savings. it also highlights as we look through the numbers how much inflation is helping them. sales volume is going down but the overall sales revenue is staying about the same, partly because costs have just gone up for each of those items. jonathan: this week is a massive week for the consumer. how far can a dollar go? some insights for retailers. jobless claims thursday morning, the same morning we get walmart numbers. a lot to look ahead to including retail sales. equity futures just about unchanged from new york city this morning. good morning. >> the department of defense will shut down. i understand the new speaker of the house is negotiating and senator schumer is also talking about it. i don't know what the outcome is going to be. jonathan: the president of the united states reluctant prejudge the outcome. the house planning to vote today on sp

net length has been coming down. want to send a message to the shorts in the market like they have done in the past and they are clearly not getting it so i think they positioned this for a rally but they are going to settle for a floor at $80. that is what they need. can they do enough to get there? guy: are we just marking time here? is saudi just in the position where it wants to keep everybody together? until we get to the point where it thinks that the market is going to be undersupplied, and at that point, it is going to weather the storm and it can reassert its authority? rebecca: that is an excellent point. they are biding their time. it will grow significantly slower in 2024 than it did in 2023 and then you only have growth coming from places like brazil and they just got the invite into opec. maybe you put a governor on the growth in brazil over time and you play the long game into the late 2026, 20 27, when there is not anybody left in the field and you reduced the amount of investment people are going to

i think the government _ immigration numbers down?t should _ immigration numbers down? i think the government should focus - immigration numbers down? i think the government should focus on - immigration numbers down? i think the government should focus on a l the government should focus on a responsibility towards refugees around the world and i think they should focus on those human beings and living up to our commitments and our international responsibilities in that regard. instead it is just being used as a political tool to try to stay in power.— being used as a political tool to try to stay in power. thank you very much. executive editor of politico europe, anne mcelvoy said to me earlier that the supreme court ruling did not come as a surprise. in some ways i think the government must have been prepared for it. they know that when they've tangled with the courts on immigration and asylum, they've most often come off wrong. but i think if you read the ruling, and obviously we haven't had very long to go into the detail of it, i

we have l bnh down, it was down earlier, tapestry down 3% tearing down 2 and a quarter to an 12:45%. what signs should investors be doing even if those are down the road. let's get to the floor show, you're on the floor of the stock exchange. let's not make a mountain out of a mole hill. this is not a significant selloff but if you believe these earnings outlooks is the milk in the fridge about to turn? >> if you go back three weeks, talking the same head winds in the markets than that, the same head winds will be here for the foreseeable future. interest rates fuel political issues, 2024 elections coming up, they will put more pressure on this market. in a short period, we like to see the market move will higher it moved too far, too fast. we have to pull back. i don't think it will be a significant pullback but everyone will take a deep breath and realize we shouldn't be where we are. economic data is showing things aren't as rosy as we think as we see headlines on geopolitical issues as those continue to mount, those are certain things that will put pressure on the markets. right

semiconductor supply chain from asia to america shut down. if this agreement had been in place back then, we would have been able to avoid that. auto companies could not have had to lay off so many workers, because they could not get the computer chips to build the vehicles. on top of this, i also signed the first ever presidential memorandum on workers rights globally, to promote worker health, worker wages, with the unions, as we build out our supply chain. because we know our progress depends on our workers, including union workers. they keep our supply chain secure and our economy is moving, so we have to do more to power them here at home and around the world. fortunately, we've been able to push back on the maga republicans so far. they have not given up. they still want to undo this progress we are making, but before these cuts in investments in roads, bridges, high-speed internet, the very things that provide us, across-the-board, and the cuts that result in loss of jobs in infrastructure and manufacturing. they want to go back to the

and it's down to 5.2% in october. while the broader measure of compensation for orderly compensation has improved less dramatically this year. a services oriented measure of wage increases constructed by the st. louis fed also showed slowing. this research based on data from the payroll company home base shows wage pressures continuing to moderate similar to these broader measures of wage growth. so this is encouraging. it's not enough evidence to ensure will continue. just a couple of months ago inflation and economic activity bounced back up in the future was looking less certain. while it is encouraging to see inflation by the f1c preferred dipping below a 3% rate over the last 36 months our target is still 2%. the policy needs to be said at a level that lets inflation to 2%. i'll be closely monitoring the pressure on various categories of goods and services in the coming weeks to help me -- to make sure size inflation is continued on its current path. returned to the implications of all of this for monetary policy

, you can go down to the next section of the road, down, no . no, it’s very steep here, it seems to meiced, can you hear me, yes, but i don’t know, lord, when your man will come, they have already sent for me, you sent, maria, my man will come no earlier than in an hour, and it is not a fact that he will be able to drive up to the gorge. until the rain stops, so you need to gather your strength to go down, do you hear me? yes, yes, i, i'll try, it's scary, how much, mom, mommies, maria, what happened , i fell, lie quietly, he got out of the car, lie quietly, he could hear your scream, what should i do, he 's coming here, do you have anything to defend yourself with? no, no, knife, scissors, gas canister, no, no, no, well, something, at least metal, a hairpin, there is a hairpin, a gun, as soon as he takes some kind of hairpin, take it in your hand and hold it like an action, stick it right in his eye, so you will deprive him of the advantage, he comes up, he has a lantern, my leg, get up, get up. girl, where are you ? will be in place. and you told him about red car and handed over the

the way we used to do math, you guide down 5%, the stock goes down 5%.stock's down 4.5%, something like that. you know, again, this is a mid-single digit grower. this is the q-1 that we're in right now, trading at 24, 25 times. i want to extrapolate this. think about what expectations are for s&p earnings for 2024, up 12%, 13% or so. and to me, i just think that sounds unusually too large right now, so, to me, i think you can draw these things together. >>> let's move on here. obesity drug heavy weights novo nordisk and eli lilly reporting results after the bell. the pair noting the ongoing supply constraints as they each work to ramp up production. lilly's ceo joined cnbc earlier today. >> i think a lot of the news is about mounjaro, we have half a dozen other weight loss medicines in the pipeline with different profiles, including one in phase three that could have as much as 30% weight loss in obese individuals. so, you know, we're a serial innovator in obesity. >> so, both stocks outperforming their health care peers this year. is it still novo and l

it's been down maybe -- oil's down maybe 17%, 18% since then. only down 11%. the reason it happens is because it tracks oil but not perfectly. and the stock market's been moving up so schlumberger has been a beneficiary. same with gold stocks. they don't perfectly track gold. they generally track oil, same with oil service names. back to you. >> makes sense. bob, thank you. bob pisani. >>> time for a new update. >>> good morning. humanitarian aid trucks have started to arrive in the gaza strip under protection of the temporary cease-fire in gaza. sources tell nbc news, israel and hamas are finalizing details of a truce extension but they warn it could still collapse. some 200 trucks are set to continue the delivery of supplies of food, water, medicine and fuel to the region today. >>> the motorcade for late first lady rosalynn carter departed from planes, georgia. it will travel to the jimmy carter presidential library and museum in atlanta where members of the public will be able to pay their respects to carter before her funeral on wednesday. her husband, th

you ever work down air force base you need it up and down that way. you know the i take the train between where we live down here and king george county and dc routinely. and in the words i just look out and it's all small it's just always wet it's, always mucky cut by all these streams. and it was a chain that so across these streams break through the ice the and they have no success they're going to get shot up and stewart realizes this is going to work and he will pull back. hampton will try to do the same ordinated attack against for no cell phones at the time is really hard thing to do to try to coordinate different columns. one goes before the other they will come up. empty is wrong. remember the only robbery? there they go and bring one or two wagons some time. once they realize the enemy's there, they just quit bringing the wagons across the road so they will have some minor success. look after a bunch of women. dumfries, and then we'll catch some settlers. what? but it is not the success that he was hoping. so what he's going to do all of the

, works, banana, don't give, don't give, lie down, lie down, lie down, lie down, lie down, wait, watch mortar, it works on a reconnaissance group that displays language , here they are, they are coming, they are coming, they are coming, i understand, i understand, meet us, our people are coming. they work something so hard, this is the kind of work our intelligence does, it’s invigorating, to be honest, but we’re okay, we’re in, we’re gone. quietly, quietly, passed, passed the pose, come on, sit down, sit down, sit down, what’s your name, lyokha, last name ivanchik, in which battalion, oops, another one, leave, can’t you imagine, they know, yes, they know that their soldier was taken prisoner and they deliberately spend a lot of time on him so that he doesn’t get it, it’s also dense, at the all-union communist party, the auxiliary command post is much quieter, here the first conversation with the prisoners, what they ate , it was overdue, how? well, how did the bread get moldy, the sausage also almost moldy, like this, your guys came to us, they said, what kind of sausage are you?

wti is down 2% this morning. brent crude at $83.45. that is also down 2%. natural gas is down 1%. >>> let's turn to the markets. the fed's work to get inflation down is not done yet according to a central bank chief. minneapolis bank president neel kashkari says he is not convinced that rate hikes are over. kashkari went on to say he would err on the side of overtightening instead of not doing enough to get the inflation down to the target of 2%. kashkari added that undertightening will not get the fed to the goal at that time. let's bring in vance howard from vance capital. >> good morning, frank. >> you say investors need to trade on that. neel kashkari believes the fed should continue to overtighten. does that change the math for investors? >> it doesn't change the math. frank, you and i were talking a couple of days ago. we're not so convinced this is a new substantial rally. he was dovish in his talk. he said a lot of different things over a lot of different times. i don't know if i would take weight with that. i think investors need to be cautious. th

no, i thought it was normal to be, they lifted me up, i look down, yeah, we saw you like that? sat there, getting drunk, i understand, i understood, i ’m already here for more i’m not standing, i’m all right, everything is right, this very crystal, so everyone is alone, one is alone , until they trimmed it, that’s it, so everything is fine , it was harder for the first one, he doesn’t know how his opponent got through, you i already knew it was easy and the audience really liked this lightness, he really did, there is charisma, but there is an appearance, you know, when a guy like that , who looks exactly like that, and who communicates like that, they couldn’t help but fall in love with him, everything worked out, the volcano finally woke up , commands... there is the first crystal. the wings did not save pegasus in his native element; his participant did not pass the test. it was cool. well done, the main thing, the main thing was to get there, we got there. our support made the difference. it seems to me that it had to be done somehow beautifully, so i decided this way, the

and look at the down times. only 27% is it down on a year.vesting in the stock market is a fantastic long-term bet as long as you stay in broad indexes. but nobody wanted to believe me. everyone seemed to believe there was going to be a downturn next year and this imminent recession everyone is waiting for is somehow going to happen. then another argument -- >> god, bob. you're not making any friends in antigua. >> trends are working and they hated that. people hate talking about seasonal trends. don't tell me about that. >> especially relaxing on a vacation and bob pisani is coming to them five pina coladas in. >> the best month of the year is november. december in a preelection year, the average gain is 2.9%. by the way, thanks to ryan, who puts out these stats all the time. good friend of mine. you say these things, and they want to dismiss it. my point ises there some kind of mental, cognitive dissonance going on where people are spending a lot of money at a fancy resort in the caribbean, and yet they seem to be thinking that somehow the

they slowed the pace down to 112. just the fact they're acknowledging -- >> on the long end, too. >> they're recognizing that on the long end, the tbac is recognizing the long end demand is beginning to wane. that's comforting to the market. that's all we needed. it's inconsistent with secretary yellen's remarks last week. i like the actions, not the words. >> bryn, it's good to have you in the house. the first trading day of what is historically the best month in stocks. it's not necessarily what the fed does today. it's what powell says. how do you think we're set up for the next two months. i think people are contend knowing or having an idea. >> the mutual fund sell-off is over. that selling has ended. seasonality is a real thing. the median return for the nasdaq 3.85%. seasonality is kicking in and we'll see what happens with apple but today with the fed, i think powell is not going to raise rates but ultimately i think a ceiling on stocks longer term the fed and fiscal policy are fighting each other and the mass

shares trading down about 8%. were bullish on paramount on the idea it was up for sale or meaningful parts up for sale. the analyst says that they no longer believe that paramount is serious about selling assets. scott? >> thank you. last chance now to weigh in on our question of the day. following the best week of the year for stocks are you more optimistic about the chances for a year-end rally? head to x for results just after this break. fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. >>> question of the day results. we asked following the best week

that's where we are looking. >> liz: the dow is down 51. s&p down 6. nasdaq down 75. what has been a couple of days straight, two for the dow, five for the s&p and nasdaq. do you see a santa claus rally? >> yes, we do. it might have started already. again, i can't stress enough how many people were just on the sidelines, 5.7 trillion in money markets. that's a record, liz. we have never seen money markets have that much in assets. >> liz: on the sidelines they are handing you 5 percent in bills. >> a balanced portfolio this month alone is up over 6 percent. that's the opportunity cost i'm telling you about. i don't want to talk to you about the fed easing and reinvestment risk. no, i'm talking about the opportunity cost of being out of the market. and that's part of the santa claus rally. >> phil of jpmorgan, thank you. don't be a fraidy cat, get into stocks. thank you very much, phil. >>> open ai sudden ousting on friday and the possible rehiring of the ceo sam altman sending shockwaves in the tech world. it is the biggest story. how does the board go from get out to

european equities down about .2%.e highest performing asset class today but that has more to do with the company specific story. u.k. yields moving lower. they had been headed higher after andrew bigley said they are not looking at cuts but that market action reverses. sterling now at 1.26. coming up on the european close, we will be speaking with chris whately -- watling on whether the shopping spree will continue. this is bloomberg. ♪ the chase ink business premier card is made for people like sam, who make- everyday products, designed smarter. like a smart coffee grinder, that orders fresh beans for you. oh, genius! for more breakthroughs like that- i need a breakthrough card. like ours! with 2.5% cash back on purchases of $5,000 or more. plus unlimited 2% cash back on all other purchases. and with greater spending potential, sam can keep making smart ideas- a brilliant reality! the ink business premier card from chase for business. make more of what's yours. dani: it is monday, the 27th of november, after a record

walk down two flights of stairs or go down. the escalator is not that good, for real. thanks to the upgrades, after all these years, passengers don't have to haul their luggage down the stairs. every passenger, regardless of disability, can have an easy time getting on and off the train as well. the list goes on. the projects make life more rational. and modern. in our train stations from boston to washington. look, when all this is done we'll reduce delays and speed up the trains along the northeast corridor. this matters for businesses trying to get goods to the market. it matters for the parent commuting to work in the morning. it matters for folks trying to get home for dinner. it matters, thousands of people riding the train in the northeast corridor. it's like taking 500,000 automobiles off the road every day. that's what it's like. it has phenomenal environmental positive impact. as we continue to invest in rail across the country, we are taking more vehicles off the road. saving millions of barrels of oil a day. folks, meanwhile, our maga republican members in

down, down to baltimore, maryland. so he dies in the summer kitchen. and i'm going end the program showing you the summer kitchen and what great things the foundation did when itot owner took care of this property. re's a summer kitchen in 2008 overgrow on here's a summer kitchen in 2011. still got the metal roof on it 2011 here it is with the wooden roof now and some of the side it that's en rehabilitated by the way, we found a well in there. i don't think anybody even knew we had that here 2013 and then today this is what it wh it looks perfectly preserved very close to where you are all art and a group that i represented helped put a marker originally on the structure now it's off the structure. when mrs. andrew and andrew family own this property, they allowed in 1998 to put a marker here. so armstead has had a marker. he's also got one up at the front of the lane that he was that was treated here. so 41 confederate general armstead being the most well known of those. and you just heard four stories of four confederate soldiers that are here at the

lots of shots of people walking up-and-down westminster. walking up—and—down westminster today.s steve barclay who is no longer in the health role but at the department of environment and rural affairs. to discuss this in more detail i am joined by guto harri, the former director of communications here. he served in 2022 under borisjohnson. always good to talk to you. what do you make of the moves, most notably the return of david cameron? it’s make of the moves, most notably the return of david cameron?— return of david cameron? it's always nice as pm to _ return of david cameron? it's always nice as pm to pull _ return of david cameron? it's always nice as pm to pull something - return of david cameron? it's always nice as pm to pull something out - return of david cameron? it's always nice as pm to pull something out ofl nice as pm to pull something out of a hat and he has blindsided almost everyone. it is interesting appointment, there are many downsides, he is associated with the past, austerity, brexit, some people hate him for calling the referendum and losing the campaig

two things we're looking at, product orders, and that will be down 18% following down 14% last quarter. if it's anything worse, the stock -- investors won't like it, the stock will go down backlog drawdown, that's the second thing they drew down $3.7 billion last quarter, $2.7 billion this year. anything that deviates will affect the stock price at the end of the day, why i own it is because of splunk. i think that story the exciting as to the growth rate. it's accretive crynss their software in security revenue and recurring revenue. that's why i like cisco at 13 times. >> i thought you were going to say because of chock robinson, ceo. >> i do like chuck i'm looking forward to hearing him on jim's show. >> i was going to tease it >> you don't have to we roll together >> you added to bank of america too. that's an interesting one given what's gone on in the market, and you know what, what hasn't gone on in the market. i'm referring to the fact the bank stocks haven't done much. >> i know. they haven't this thing is still down 10% it's been a laggard and has been because of interest rat

on the steps of downing street...office, the now lord cameron has been critical of some of rishi sunak�*s decisions, including scrapping part of the h52 line. but there have been shifts in foreign policy, too. while he wooed the chinese president over a pint and a english pub, today, many tory mps see beijing as a huge threat. his intervention in libya in 2011 faced damning criticism. the foreign affairs select committee said it had been done with no proper intelligence analysis on the failures led to the country becoming a failed state. even more difficult will be questions about david cameron's career since leaving downing street. a committee of mps accused him of a significant lack of judgment, over his lobbying of ministers on behalf of the finance group, greensill kappa capital. group, greensill capital. has been the biggest honour of my life to serve our country as prime minister. his legacy as prime minister is brexit, and the misjudgment in the referendum. some voters will never forgive him for that, or the pr

but that has died down a bit. jobless claims have died down a bit. think sometime as you get into next year, it will be time to sell but also look to our models to see when market positioning has moved, when everyone has gotten greedy? it is a good question, but when you are looking for a bear market based off of the recession, the timing is you sell within a month or two of the start of the recession. you need timely market indicators. dani: you mentioned a wide breath but i wonder if some of that is concerning. alex talked about that with the idea that junk bonds were rallying. it is the junkie kind of stuff. i saw something about a silly nft that sold for $100,000. are those not worrying signals? chris: i think it is the nft's that everybody is buying, be worried. most of it runs out of a bad macro environment. most of the global growth -- is just the u.s., really. most of it when you start a new rally out of that, you start with junk, perfectly normal. the first rally out of the bear market is led by the junkie's stuff. the russell 2000 is a refl

sit down. sit down, sit down. happy wednesday, everyone. an so if you were going about your business yesterday and suddenly felt the earth shudder on its axis, it's not because jerry nadler tipped over. no. it's that congress actually got something right in a bipartisan vote, the house of reps censured rashida to leave set. okay censuring. it's less effective than putting carmex on a cold sore, but we'll take it for even 22 democrats to leave statements blaming israel in america for the ten seven attacks while calling the hamas massacre resistance. we're simply too much true, talib is so nutty, she's asked not to sit near people with allergies. and emotional ability to recognize diverse opinions when they speak truth to power. whoa whoa. no wonder trump wants to bring back asylums. i bet ilhan omar's brother is so glad she divorced him. but what if they build those asylums? they better build them big because tens of thousands of college kids now believe anti-semitism is something you get extra credit for. they prefer brutal dictatorships, o

go down and gaza tonight.t not aim to impose ourselves our solutions, our favorites in south africa, damn it, we have favorites in south africa, the favorites in south africa are the people who are being rep i also want to say a word about the situation in israel, the more we learned about the attack, the more horrifying it becomes, more than 1,00, 1, innocent lives lost, including at least 27 americans, these guys make, they make look pure, they're pure, they're pure evil, i said from the beginning, the united states make no mistake about. but stands with israel, united states stands with israel. you see, it's not just about islam, it's not just about muslim leaders, it's about humanity, it's about the right to leave, we cannot be panafricanist if we can't associate with the... destination issuing immediate arrest warrant for key decision makers, including mr. netanyahu, who is responsible for violations of international criminal law. الاراده والله ما نتعد ولا ما مهتمونه. it speaks with me the saint of the so

sales down most 5% but it's not as bad as down by 5.22%. feels a strong reaction. which is gone so well since the pandemic. they issue the fourth quarter that misses estimates so what does that say? dispersion taking the macro read. 10 year yield is up six basis points. does it undo what we saw in the last couple of days but it does show if you have good retail sales numbers. is it just kind of good news is good news? guy: it really is. it has moved in some ways, a lot to do with positioning and less to do with the data. even the small beat producing outsized market reaction. we do see inflation is coming down. we are not seeing the growth we are seeing in the united states. growth is in some way holding up. is this the market disinflation they have been looking for. growth holds up, a banks can cut rates, that's the perfect scenario. the worst-case scenario is inflation comes down because growth is coming down and that will require a different type of cutting cycle and a different story for assets. u.k. inflation tracking more aggressive, there are some if's and s

down grade bank of america price target nine down from 32, what happened. they thought paramount would sell one of the assets like showtime but they don't see any asset sales on the horizon no catalyst for the company the stock is down. stuart: is this another dating company. >> you start with the date then you can mate, very forward. a ceo whitney woolford is stepping down. the company reports tomorrow look at the stock on seven and three quarters percent. match which owns tinder cratered after the fourth-quarter forecast is pretty terrible and now the shares are at a record low speed when we were discussing the cost of the day it's going to the theory the matchmaking systems don't work as well so the stock goes down. >> in part. >> we were discussing the expense of the date but none of us really knew. stuart: booking holdings a travel site. >> the on priceline the stock is up to into thirds% the stock is down 7% since the end of september and "the price is right" by the dip in priceline has a black friday deals if your subscriber you can find hotels as mu

to below 4.4% a two-month low down .4.39%, let's take a look at bitcoin it's been moving down about ten bucks 36640. yes it is upon us, pack your patients if you get to be one of the millions to get to your thanksgiving destination, be thankful, be nice, after all it's thanksgiving tomorrow. wednesday november the 22nd, 2023. "varney & company" about to begin. let's get straight to the news out of the middle east this morning. israel and abbas have agreed to the release of dozens of hostages and a temporary cease-fire. good morning lauren simonetti what do we know about the deal. >> 50 hostages will be released including three americans, one of the hostages is three years old. israel and hamas will pause fighting for four days that is time for women and children to escape and exchange israel will release 150 palestinian prisoners. the first hostages could be set free as early as tomorrow, they will be releasing groups 10 - 12 a day and israel says it could extend the positive fighting if more hostages are free. ashley: thank you very much elitist from the middle east let's switch ge

i'm sitting down with the ceo. then if you think that rates really have peaked as i do, what sector should do best? i'm checking in with the reits and sharing which one. a former spac that i'm interested in. a company up over 200% this year. do not miss my exclusive with virgin air! and stay withroom credit. second of "mad moneymiss a follow @jimcramer on x. have a question? tweet cramer. hashtag madmentions. send jim an e-mail to madmoney@cnbc.com. orive us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. ♪♪ we're not writs, but we help you shape your financial story. ♪♪ we're not an airline, but our network connects global businesses across nearly 160 markets. ♪♪ we're not a startup, but our innovation labs use new technologies to help keep your information secure. ♪♪ we're not architects, but we help build stronger communities. ♪♪ we're not just any bank. we are cit ♪♪ i think i'm ready for this. heck ya! with e*trade you're ready for anything. marriage. kids. college. kids moving back in aft

down a little bit. price of gold retreating from $2,000 an ounce, down 17.34,7 at the moment. oil dropped below $80 earlier, now you're at $78. nat gas, don't care, don't really poll this thing. the average rice for a gallon of regular gasoline is $3.40. as i told you at top of the show, in texas it's $2.87. bees el, $4.39. >>> coming up, u.s. troops in iraq and syria have been attacked 38 times since october 17th. our response is to move more troops into the area. i'm going to the ask texas senator ted cruz, is that enough? the senator will be here. >>> president biden promotes new cash for amtrak. watch this. >> you can go and get on a train in china and go 210 miles an hour. china. we could do it here in the united states, and these three big corridors will cost about a trillion dollars. stuart: he's confused. he's not offering a trillion dollars. we're going to get into that. a majority of americans feel the country's headed in the wrong direction. it's like chaos. the country's extremely anxious. i wonder if larry kudlow agrees with that? larry is here