we will talk labor shortages with ceo ed bastian.f "squawk box" begins right now good morning welcome back to "squawk box" right here on cnbc i'm andrew ross sorkin, we are two-and-a-half hours before every the market is set to open. u.s. equity futures at this hour, seem to be we will open higher the nasdaq will open down, though, 6-and-a-half points off the s&p 500. it is minorly in the red there here's what's making headlines at this hour a. day after the consumer price index comes in slightly higher than expected. the september consumer price index will come out 8:30 eastern time they think it rose and .5% when food and energy are excluded we'll talk about that. inflation will be a key topic of the morning when lysle brainard appears before the senate banking committee. he is the president's vice chair. she pledged to fight inflation while still supporting an economic recovery then moderna expects to report trials in march that involve children age 2 to 5 if it's positive, they will proceed for approval right now only adults are

. >>> don't miss a first on cnbc interview with delta's ceo ed bastian later on this morning, live in the 7:00 a.m. eastern hour on "squawk box. >>> still to come, private equity going public. what its entry into the public markets could signal about the overall ip landscape we'll have more on that in just a moment en it. trust me, after 15 walks... gets a little old. ugh your doctor gives you a prescription. “let's get you on some antibiotics right away.” we could bring it right to your door. with 1 to 2 day delivery from your local cvs. or same day if you need it sooner. but aren't you glad you can also just swing by to pick it up, and get your questions answered? because peace of mind is something you just can't get in a cardboard box. that's how healthier happens together with cvs. >>> welcome back to "worldwide exchange." time now for your big money movers, three stock stories of the morning. stock one is taiwan semiconductor, profits rising 16% thanks to a huge global demand for computer chips. tmc plans to spend a third more than last year to make advanced chips. it expects to

don't forget we're talking with ed bastian exclusive tomorrow.to you. >>> thank you, phil. >>> besides the delta numbers, guys, we'll also be watch fog this continued calm we have seen, mike, in the market, goods on a few days it seems like the market hasn't shifted on the outlook. it's just a little calmer about it the market kind of got there you know, that sort of priced in what we might expect it's also noteworthy we got to these levels for the first time in early november. since then the market has radically ramped up. the inflation is not recall le calmed down, and yet, you know, we've had from records, but the overjohn index has remained here the stuff people love coming in, banks, financials already have a bit of a run maybe they need to calm down yes, it's calm, but i don't think it's necessarily as comfortable so far as the index may seem with the fed top of mind for investors, can't-miss interview, with the president of the philadelphia fed, patrick harper, it will be a great chance to ask about the very hot inflation print. >> and whe