faber, " but it almost had that feel to it. ♪ ♪ ♪ >> i think he likes drama.riences. >> joshua davis is a contributing editor of wired magazine, and one time nbc news consultant. he got to know mcafee after he learned that belizian police had rated the millionaire's mainland compound, looking for illegal drugs. >> i heard about this raid on april 30th, when the belizian police force burst into his compound in the jungle, and that struck me as extraordinary. >> as it turned out, the police did not find any illegal drugs in mcafee's compound in that raid, though mcafee was charged with having an unlicensed gun. the fact the police even suspected mcafee of making drugs was intriguing. mcafee had been an outspoken teetotaller since kicking a drug habit back in 1980. so, davis went to belize to investigate. it was there, said davis, mcafee told him the belizian was seriously corrupt and the government's paramilitary gang suppression unit, or gsu, was out to get him. >> one of his initial explanations for why the april 30th raid happened was that one of the local po

vasilenko has a competitor in germany, a deputy bundestag markus faber he is from the free democraticwhich is part of the government coalition the other day faber noted with a post, on social networks he posted photographs showing ukrainian military boxes with mines on ammunition handwritten inscriptions from markus faber for the orcs at one time. to dehumanize the residents of donbass , ukraine later came up with the idea of ​​using the word colorado for the same purposes. there they began to call the russians, orcs, the deputy, the germans of the bundestag, such disputes should not arise, but the most alarming that after criticism. here he didn’t even delete the photo, and his colleagues did not express any protest in this regard. ivan the noble dmitry volkov dmitry dmitry malyshev alexey simonov channel one here is the khababa st. andrew’s flag raised on the newest corvette sharp. now it is part of the pacific fleet, the solemn ceremony took place in vladivostok, multifunctional and almost invisible to the enemy, fast maneuverable with the most modern weapons on board. it can hit s

david faber is on assignment.ulls trying to shake off china concerns that had dinged big cap tech. apple is up slightly premarket. we await used car data, watching potus at the g20. williams says rates are in a pretty good place. goolsbee suggests hikes are almost done. goldman is planning a new round of cuts. you'll hear what david solomon told faber yesterday. and the uaw rejecting gm's latest counteroffer, b of a now saying that a strike is "almost guaranteed." let's begin with the markets, though, and the nasdaq's four-day losing streak, jim. some firms come out, morgan stanley tried to defend what's going on with apple at least. >> the work that i have done, i spend a lot of time on it yesterday, saying it's just political ammo. we have to be careful how much we put into the idea that there is a real war against apple. huawei phone is selling well, but that's not unusual. huawei is the preeminent phone there, and i know they feel, what's 5g, all these things, every time we have had a new phone from huawei, it

elizabeth faber, a real pleasure having you on the show.ith this, i'm wondering, how much do you value higher education as a route into the workplace? is it the be all and end all of topjobs, or are there other routes in? well, aaron, thank you. it's a pleasure to be here. and of course, higher education is important for organisations like deloitte, but there are other talent models that we consider as well. it's essential for deloitte as well as other organisations to create a diverse workforce. and in order to do that we deploy a variety of recruiting models, including earn—while—you—learn, or hire—to—train type models globally. so we have great examples of this in countries around the world in which deloitte operates. some examples would be in deloitte uk, where we have an apprenticeship model, and work closely to have certifications and qualifications that are earned by apprentices as theyjoin deloitte. to date, we've had over 300 participate in that programme. that's in the uk alone. where i used to live in asia—pacific, we have some g

david faber joini ing us from o west. we bring this up, because, you know, it is always fascinating to talk about personalities when it comes to ceos, but for a time, there were questions if he would continue to be ceo or if he days were numbered. >> are you saying that as if the questions are no longer there? >> i don't know. the drum beat was loud and steady. >> uh-huh. >> and it's not as much anymore. >> well, i think he was trying to talk a little bit about, okay, we're past that consumer business, right? >> right. >> so, that was obviously a big waste of time, money, resources, didn't work out, so you good for them for exiting it. it's amazing to me that goldman sachs, which, really, you think of the best of the best in a lot of ways, traded 1.1 something times tangible book value. that's kind of amazing to me. and yet i haven't felt compelled to own it. >> why? >> they're talking about m&a, investment banking, those sort of revenue streams don't trade at a great multiple. so even if activity improves, i don't think

david faber spoke to the ceos of a.r.m. and softbank.e asked how much of a risk he sees in the relationship with a.r.m. china. >> china business reflects the growth in the rest of the world. we are seeing growth in the data center with cloud computing and a.i. and then evs. growth in china in terms of evs. china wants what the world needs. power efficiency and software ecosystem. a lot of the same software used across the world is used in china. what we are seeing, david, in terms of the china market growing with data center and automotive. in terms of the broader issues, i share the same headaches other ceos these days. this is something we need to adhere to, of course, it is really a tricky market to figure out in general because of all of the things that are geo poli politically. >> you have done business in china, masa. you were a large holder of alibaba for years. what is the risk with china given the percentage of revenue it proposes? >> u.s. and china is having a complicated situation now. china has significant impact to the econo

david faber, guys, 30 years. back in a moment. >>> jim, what's tonight?ud flare just announced deals with meta and nvidia and barely doing anything at all. i have costco finally reversing now up from 20 when we first talked about it. >> see you at 6:00, jim. >> thanks. congratulations, dave. >>> sticky tape, dow is up 20. see new a moment. >>> good wednesday morning. welcome to another hour of "squawk on the street" i'm sara eisen with carl quintanilla and david faber. live for you as always from post nine of the new york stock exchange. look at stocks this morning, a rebound after yesterday's 400 point selloff. dow is up, strength in energy, real estate, communication services. weakness in the staples, utilities, health care, and financials. here are three big movers, costco in the green after beating estimates. breaking down the quarter later this hour. and tesla, deutsch bank trimming the price target to 285 per share citing limited volume growth next year. >>> and regional banks some of the biggest laggard as the street weighs the higher for longer st

so it works anywhere, but in germany bundestag deputy markus faber publishes a photograph of boxes withrls are arguing on air, only alina lip lived for a year in donetsk under ukrainian shelling. consider the side as forty, well, the other anna lol apparently, on the side of the elves before the start of the north-eastern administrative okrug, 8,000 civilian lives died. you are talking about this war and suffering, and baba omsk but where did this suffering come from for these people, and why are they being killed? it seems strange to remind you who hitler’s germany did not consider people, but, apparently, they have now forgotten that exalted europe will hang posters beware the russians, but if the european commission in its sanctions clarifications stated that russians are not allowed to enter the european union with telephones and some items of clothing, of course, the decision was left to the discretion of each country, but options. and stripping naked at the border, and then black and white photographs from the gestapo collection, does not resurrect anything in the memory, and the

let's get back to the west coast and our david faber who's at comemunicopia. >> it involves hulu. something that of course may be familiar to our viewers and that process by which, remember, comcast was down 33% can put to disney that ownership and force disney essentially to buy it. january 1st was when that was supposed to take effect. when basically comcast could say, hey, you're going to buy it now. it's been moved up, september 30th is now the date. so really, only a handful of weeks from now, comcast will be able to put, as it will, by the way, its 33% ownership stake in hulu to disney and disney will have to buy it. and that is something mr. roberts shared here a few moments ago. he went into some detail of which the process itself, for which a value for hulu will be ascertained. making it clear that it is not as though you're just going to get a couple of investment banks to say, this is what it's worth based on values of the likes of netflix or multiples that trade for streaming properties, if you can even figure out any company multiples beyond netflix. he says the contr

david faber. >>> arm is the biggest ipo in years, but how much of a bellwether is it for the rest of ipos waiting in the wing? joining me now is business editor at axios. since we were just talking about softbank, david, i want to talk with you. you're not all that impressed by what masa has been up to lately -- dunkin, sorry. but do you think that now that is out of the way, it shows that we cleared this hurdle, even for a listing that felt a little desperate. >> i must say i'm amused to say that a softbank risk in a stock, that's a new one. but i suppose it's sensible. this company, arm, is to smartphones what intel is to pcs. it should be a core holding of most portfolios in tech. so i'm happy this thing is public. i don't think masa is going to sell. i think he can leverage his position to do other things, which is probably what his real plan is. i will say this, though, this ipo is normal. it goes off 10%, maybe 15%, 18%. that's a normal ipo. but it's not big pop. so i think we're all waiting for next week with -- what is it, the other one, to go public, to really see if this is

. >>> cnbc's david faber reporting the hollywood writers strike could end today.g up after the break. >>> of course, don't forget about delivering alpha, one week away. still time to register. just scan the qr code on your screen. we're back in just a moment. ♪ ♪ every day, businesses everywhere are asking: is it possible? with comcast business... it is. is it possible to help keep our online platform safe from cyberthreats? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. nice footwork. man, you're lucky, watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho! running up and down that field looks tough. it's a pitch. get way more into what you're into when you stream on the xfinity 10g network. >>> news alert out of washi

>> do not miss a cnbc exclusive interview, goldman sachs ceo david solomon sitting down with david faber "overtime." "closing bell" right back. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire somebody would ask her something and she would just walk right past them. she didn't know they were talking to her. i just could not hear. i was hesitant to get the hearing aids because of my short hair. but nobody even sees them. our nearly invisible hearing aids are just one reason we've been the brand leader for over 75 years. when i finally could hear for the first time, i started crying. i could hear everything. call 1-800-miracle and schedule your free hearing evaluation today. this is a clustomer. hello! it's what happens when marketers group customers with very different behaviors... into one tangled mess. this is a mess! with mailchimp, marketers can use real-time behavior data, to personalize every email for every c

party, which is part of the government coalition, the other day faber noted in a post, he posted onng ukrainian military boxes with mines on ammunition handwritten inscriptions from markus fiber for the orcs at one time. to dehumanize the inhabitants of donbass , ukraine came up with the idea of ​​using the word colorado, later for the same purposes, they began calling russians orcs. well, that is, untermensch subhumans, if we use historical analogies , and a member of the bundestag, a german, entered this substance . the most alarming thing is that after the criticism, fabert did not even delete the photo, and his colleagues did not express any protest in this regard. and so new scandals, this time by journalist anna lowell, who was filming a documentary for the tsds tv channel before it killed 8,000 civilians. you talk about this war and suffering. and voom but where did this suffering come from? who is killing these few people, and why are they being killed about this, as lol is assured, reservations in the spirit of the era of national socialism became known only because the sou

david faber on assignment.ig interviews at goldman sachs' conference out in san francisco this week. don't miss the ceos of at&t, and paramount, right here tomorrow. first, take a look at stocks here in the early action. remember, september is historically the worst trading month of the year. looks like we're on a down note, although nothing extreme. down 51 points on the dow. s&p down 0.3%. tech hit a little bit heard harder. the nasdaq down 0.6%. some green, energy and consumer staples. industrials and utilities getting hit the hardest. here are three movers. airbnb a top gainer on news that stock will join the s&p 500 later this month. shares are less than 10% away from the highs of the year. oracle in the green, barclays upgrades to buy from neutral, citing further a.i. gains related ahead. a winner year to date. watch warner brothers discovery expects to take an earnings hit of 300 to $500 million related to the ongoing actors and writers stock. more on what to do with that stock and the media group later

wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david fabert post nine of the new york stock exchange fed day has arrived. decision at 2:00 p.m. eastern, and with it, some optimism for the equity bulls futures are green as yields come off these cycle highs. ten-year, 4.34%, oil is down, uk cpi runs cool. our road map begins with the fed expected to stand pat on rates today. >>> and speaking of forecasts, bank of america hiking its year-end s&p target to 4,600 it had been 4,300. >>> also ahead, sources are telling cnbc that apple and goldman-sachs have been planning the launch of a stock-trading feature for the iphone project was shelved last year after the markets did turn south. >> could have worked on it mitsubishi >> you worked on it yourself >> no, i'm just going to make up a series of things because that's exactly what's called for. >> we'll get to it with kate rooney in a minute >>> let's begin with the markets ahead of the fed decision later on today are you encouraged at all by some of the action this morning? >> look, i think that if

david faber is on assignment.

do we want to -- let's do a faber report, shall we? want to get back to a topic we've been talking about a lot last week, mentioned it briefly at the top of the show, which is this really seminal moment in terms of cable television as we know it. the fight that we've talked about, if you want to call it that, between charter and disney. and tonight, for us jets fans out there, of course, there's a key moment in having, really, the question is, if you are a spectrum subscriber, charter owns spectrum, the cable service, and broadband obviously, provider, much more important. do you find a virtual mbpd? it doesn't appear at this point, and we got some time to go here, but less than 12 hours before kickoff that, you're going to be able to watch the jets game. you got to figure something out if you care about sports. but this gets back to a lot of other larger issues, and let me just share some of the thoughts from some of the analysts out there, starting with moffett nathanson talking about the fact that much has been made of the usual asy

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange.tocks trying to stabilize here after the worst s&p day since march. first 1.5% selloff in more than a hundred sessions. busy friday. global pmis, watching for a possible expansion of the auto strike. our road map is going to begin with wall street's no good, very bad week. stocks poised for steep losses. s&p, nasdaq both on track for their worst week since march. >>> plus apple shares are rallying a bit. this as its flagship iphone 15 hits stores worldwide. tim cook at the building in midtown today, greeting people. questions still remain. i read it there. >> what do you need? what kind of demand do you have to have? never mind. >>> we're keeping an eye on strikes. hollywood strud yos and the writers are going to meet again today. uaw preparing to possibly expand its walkout from detroit's big three. >> yeah. >>> let's begin with the markets after thursday's selloff, jim. selling rosh hashana worked, sell yom kippur. >> larry williams said, be careful, september is going to be terrible

i want to get some anchor questions in as well. >> alex, it's david faber.g about, one step down from threat to humanity but threat to workers, where are you as far as jobs will be replaced versus simply aided to go work on higher end things? >> this is a super important question. you know, typically technology is misaligned with the worker. so, there's obviously a lot of concern among working men and women that radical increase in technological development will decrease both -- lead to a decrease in jobs and put pressure on their salaries. i think a.i. incorrectly implemented. not long ago we had 1% of the u.s. hospital care market. now we have 16%. what is going on with this radical increase? we're making doctors and nurses more effective. we're making factory workers more effective. by the way, one of the most attributes of a.i. that's not been discovered yet and will be discovered is you can take manufacturing that's maybe been cultural specific to japan or korea, we have one company that's a japanese company producing a highly technical product in ameri

. >>> good friday morning, welcome to "squawk on the street," i'm carl quintanilla with david faber, sara eisen. cramer has the morning off. futures steady as the uaw initiates this unprecedented strike at select factories. yields a bit higher as china data comes in hot for once. oil, 91$91.15. our road map begins with the strike, though. thousands of uaw workers hit the picket lines. the first walkout to hit the big three all at once. >>> plus arm shares are, well, still looking good ahead of the open, looking to extend those gains from yesterday. it was the biggest ipo of the year and quite a significant day. >>> and rally paused. stock index futures, little changed after the best day for equities of the month. >>> let's begin with the uaw striking against detroit's big three simultaneously for the first time in that union's history. phil lebeau is in wayne, michigan, after talking to gm's mary barra, and joins us with more. >> we are outside of the michigan assembly plant. it is the ford plant where they build the ranger pickup truck as well as the bronco suv. a very popular model

david faber reports that they are near an end to the agreement. people close to the negotiations say the two sides hope to fine -- finalize a deal today. without a deal today, the strike would go to year's end. >> why? i know if it gets into the holidays. i think there was still a window in october if you didn't get it done today, you could get it done by the middle of october. >> are the actors -- we really know the actors could not do anything without the writers. they would be like what do i say or do? >> news anchors? >> like news anchors. if you settle the writers, do you actors say okay. >> the actors have a tougher situation with a.i. the a.i. situation for writers. >> that is harder for writers. >> glenn close told us last may said she has been asked -- >> name dropper. >> she told us here on cnbc. she did. she told us it was going to be a -- she had been asked to do th things where she would go in and they film your entire body and they can do things without you being there. if they get around those issues and making sure the same thing.

marcus faber publishes a photograph of boxes with ukrainian names and a signature from marcus faber for apparently, on the side of the elves, 8,000 civilians died before the start of their war . you talk about this war and suffering about omsk, but where does this suffering come from? did you take it? who is killing these few people, and why are they being killed? it seems strange to remind of whom hitler’s germany did not consider people, but apparently they have now forgotten that exalted europe will hang posters beware the russians, but if the european commission in its sanctions clarifications stated that the russians are not allowed to eu countries with phones and in some items of clothing, of course, the decision was left to the discretion of each country. but options. some naked ones at the border, and then in black and white photographs from the gestapo collection, nothing is recalled, and the promise to kill russians does not recall the final solution to another well-known issue. we, unfortunately, are observing the process of dehumanization of russians for quite a long time, u

today on cnbc earlier, the ceo of at&t told david faber people are holding on to their phones longer.he question is how long is it going to take them to upgrade to the next model? >> we had to go all the way to brazil to find another bear on the apple stock. i'm happy to say the global tech analyst is joining us. great to have you with us on the show. can you outline for us your thesis on why you think the apple stock will under perform from here? >> first of all, thanks for having me here. i think there are a couple of things. i think, number one, valuation is a problem for apple for a long time. before covid, the stock historically traded closer to 15 to 18 times earnings. since then, there has been a pretty large re-rating which partially is explained by the pull forward in revenue on the device and services. since then, even with the company not delivering strong results this year, it has been much lower expectations, especially last quarter, and the stock hasn't gone down. we think there are catalysts for that to happen or i'll say a more relevant event. maybe with the restrictio

that was goldman sachs' ceo david solomon speaking with our david faber just yesterday on "closing bell overtime." steve weiss, i'll go to you. you own goldman sachs as a position. do you agree with what solomon says? i guess part of me says you have to, you own the stock still and buy into the goldman thesis at least a little bit. >> yep. first of all, i have a bone to pick with dave. i was riding my bike and he blew right by me like i was standing still. he may be in better shape than me though i doubt it. talking about the pipeline maybe opening up sooner than expected. right now bankers think the back half of '24 is when it will be, does it matter if you take a long-term view if it's the front half or back half. you talk to bankers all day long at lots of firms, the pipeline is bigger than it's ever been for ipos and for secondaries. where you won't see the recovery is in m&a and the reason is it was down 16% is because interest rates are so high. i don't think anybody expects it to recover but when you're looking to buy a companies there's a big difference between the affordability

he sat down with david faber yesterday. he is watching a.r.m. and instacart. >> i do feel better about the capital markets. if you ask me to look ahead over the course of the next few months, especially if a.r.m. and other ipos go well, you will see a meaningful increase in activity. david, it is anemic amount of activity. if you go back to the second quarter, investment banking activity was at a ten-year low. it is not hard to improve off that. i think we could very quickly get back to what i call a normalized levelmarkets. >> for more on this, let's bring in gina sanchez. gina, good morning. >> good morning, frank. >> do you agree with david solomon saying we are on the brink of normalized activity and the ipos could give more juice to the markets? >> i think i agree with him that the market has swallowed the rate hikes that we had so far which is a blistering pace by historical standards. we have figured out how to operate in the new environment. the markets are still figuring out what pricing makes sense and the choppiness we have seen this

i'm carl quintanilla along with jim cramer and david faber the fed meeting begins, potus at the u.n.uto strike in day five. corporate events at intel, disney and others. roadmap begins with the fed watch. the street betting the central bank will stay put >> oil is trading at ten-month highs. 100 bucks perhaps in the cards instacart readying its wall street debut pricing at 30, that's the first of five listings this week it is amongst the first of the tech unicorns the last few years to go public that's almost two years, in fact, since we've seen one go public >> let's begin with the markets and the fed kicking off a two-day policy meeting yields got a little pop here, jim, on canada's cpi, reaccelerating for the second straight month. >> what a bummer the fed must find itself in we're not building enough homes. lennar said last week -- a lot of brokerage houses raised numbers. lennar today almost a de laid reaction we just don't have enough homes. we have this huge millennial bulge, and there's just no doubt about it they will not be deterred by these rates. that doesn't mean they wo

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange.utures look to unwind monday's late day bounce. ten-year hit 4.56 overnight but has backed off our roadmap begins with the september slump for stocks s&p on track for the worst month since deese. >> moody's warning a government shutdown would be negative for the u.s. rating. no surprise there. >> history in the making president biden would become the first sitting president to visit a piblt line he's planning to join strikers as those workers of the big three hit 12 days of walking out on their jobs. >> let's begin with the markets on track for a lower open on this tuesday jim, you've been watching yields, of course. you commented this morning about the 20-year in particular. >> yeah. i think weave been going toward -- i've been saying this to club members -- a -- let's just say the opposite of an inverted yield curve t inverted is what i'm calling it you've got 4.8, a 5.3. what i think can happen is on the 20-year you can usually get 6. let's say neel kashkari is right, one hike. then

shares of goldman sachs, one of the lead underwriters, you may recall the conversation david faber had with the ceo david solomon who really made it clear they needed this to go well, of course the ipo market in general. steve weiss, you're flagging this. you own goldman. it seems to be rewarded for a good out of the gate move here. >> i did add to goldman. the ipo cycle seems to be picking up steam in advance of what bankers had anticipated and also because, frankly, amy shamed me into adding no it when she did. this falls squarely on them. they are likely being the ones that are stabilizing in the market. look at ken griffin's comments, fewer deals and that's fat business for the banks. it will be great to get this going, unexpected this early as opposed to the second half of 2024. >> a good play we'll keep watching. arm looks to be at the highs of its early trade. delta is under pressure. that's after cutting the profit outlook following moves from american. they cut their estimates yesterday, united, southwest, alaska did the same last week. there's the trade. your commentary is wh

i'm carl quintanilla with david faber live at post nine of the new york stock exchange.eisen live in new york city at a big interview with the treasure secretary janet yellen in a moment as the stocks kick off the week in the red on some elevated yields and higher oil prices. sara, looking forward to the interview. >> see you in a few moments carl. secretary yellen in new york here for the u.n. general assembly along with president biden, here for climate week to draw attention to some of the economic risks of climate change. there are fresh concerns and questions about the u.s. economy. she's been banging the drum on the soft landing. we'll talk about that and the risks bubbling up including oil prices which continue to rise. i'll send it back to you, carl. >> see you in a minute. nahv out a moment ago. we go to diana olick. >> home builder sentiment fell 5 points in september according to the nhv solidly in negative territory. 50 the line between positive and negative, a 6 point drop in august. a year ago sentiment at 46. builders blaming high mortgage rates which went

. >> since we're talking capital markets, i'm sure that's one of the questions david faber will ask inis exclusive interview with david solomon, the goldman sachs ceo. such a key player and whether you're going to get a recovery. they'll talk that and everything that's been swirling and goldman, too. you sold goldman sachs. >> i did. the second earnings report was kind of ugly. i don't think it's a damaged franchise but there's some hair on it right now. i do want to get out of the way. as we go through this september swoon and i put money back to work, it may well be goldman sachs but not at this price, not without more of that hair being shaved off of it. i'll listen to what they have to say. the palace intrigue doesn't invite me into the stock. >> what do you think he'll say? clean talk? >> how about if i tell you i don't know but it will make good tv, i'll watch. >> 4:15 eastern time, the two davids. >> morgan stanley is our favorite pick. capital markets should pick up. i expect you have to plan by that by owning it. you're avoiding the issues the regional banks have had and some

>> i think the reason we see this as a bullish sign at disney, as you recall when david faber was interviewing iger over the summer, he contented some non-espn linear assets could be available. now we're starting to see some news headlines suggesting some real discussions are happening, some real offer is potentially are being made. i think for disney's investors it it shows under new management there's a lot going on at disney, between new partnerships, divesting some of this stuff, a lot of the costs they tried to take out of dtc or prices going up. disney is feeling catalyst rich than it was more recently. >> we did pay attention to the monday night football ratings this week, best of the espn era. finally the notion they would trim subtargets. is that pretty much baked in? >> it is. i don't think that's a surprise to anyone. bob iger effectively said those subtargets were not where the company was headed towards any longer. in february they get sell side analyst. i think they would have subsignificantly below that. i don't see that as a material change in the way anyone thinks about that b

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. ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with david fabert post nine of the new york stock exchange. cramer's at one market in san francisco, fresh from his exclusive with marc benioff at dreamforce last night. futures are trying to bounce, couldn't get that 0.2% on core. ten-year yield briefly pops to 4.35%, close to the august highs. our road map is going to begin with cpi, giving the fed more to consider ahead of next week's rate decision. >>> apple also in focus as wall street reacts to its launch event, including a new iphone line-up. meantime, china insists it has not issued a ban on the company's flagship product. >>> we're going to get into all things a.i. with tech ceos meeting with lawmakers on capitol hill to what salesforce's marc benioff told jim about that technology. >>> let's begin with cpi. obviously, core, bit of a disappointment to the bulls, jim. gasoline is more than half of the headline, up $10. car insurance, up 2.5, but lodging away from home down 3. >> i was listening to steve liesman break it down, and i agree with

i'm carl quintanilla with david faber at post nine of the new york stock exchange.s she's going to talk to citadel's chief ken griffin. sara? >> good morning, carl and david. i'm here at success academy in midtown manhattan, a high school that has 900 kids. it is new york's largest charter school, we're here because ken griffin, hedge fund titan of citadel, has been a major philanthropist and donated $35 million to this project, part of his bigger education philanthropy. something we'll talk about. he's here with me. we'll talk about citadel. citadel has become the top earning hedge fund of all time, surpassing bridgewater after a record year last year for a lot of these strategies and the funds there. we'll talk to him about the markets, the economy, what he expects from the fed, guys. there's no shortage of topics with a hotter ppi number we got today and, of course, the arm ipo happening this hour. in just a few minutes you'll hear from ken at success academy. >> looking forward to that. something else we're keeping a close eye on is the initial public offering o

david faber is out west live from goldman's communicopia conference.oncerns of slowing growth, higher rates, higher oil, getting a slight reprieve on those fronts today. ten-year, still 4.25%, brent back below $90. our road map begins with the fed. expectations after a slew of data. boston's fed president, the latest to call for patience while warning further hikes may be necessary. >>> more regulatory headwinds for big tech with the ftc set to sue amazon, doj versus google and the eu cracking down on these so-called gatekeepers. >>> amd's lisa su says the a.i. market is skyrocketing. who is set to benefit the most? speaking of which, david, sounds like that's a heck of a way to kick off the conference. >> lisa su, we'll get to her comments. we're going to be able to sit down with john stankey, the man who runs at&t, talk about the environment for wireless right now. bob bakish from paramount, plenty of things to discuss there, including the writers' and actors' strike, not to mention the dispute between disney and charter. mike seifert later today fro

david faber is at goldman's communicopia conference in san francisco, where later today he'll have anxclusive with goldman's david solomon, 4:15 p.m. eastern time. in the meantime, futures red as some of the labor data today runs warm. jobless claims lightest since february. our road map begins with apple's china challenge, shares moving lower on news of a broader iphone crackdown. that decline also dragging down the broader markets. nasdaq on pace for its fourth straight day of losses as stocks continue to shake september here. >>> and media at a crossroads, while wbd is still betting on the cable bundle. jim, you discussed this on twitter today. it looks like this is going beyond just government agencies. >> i think that -- got to go back to when obama was president. 2015. he meets with xi, and xi says he has no designs on the straits of china, and as soon as he leaves, he begins to have designs on the straits of china militarily. this is, unfortunately, a pattern. it's not something new. president xi meets with -- well, gina raimondo meets with number two. she reiterates, you're no

david faber is out on the ground there along with the t-mobile ceo who just wrapped up his keynote speech. welcome. david, we throw it over to you. >> all right. we look forward to your questions as well. mike, thanks for being here. >> welcome to san francisco. thank you for being here. >> yes, you, too. let's start off with the news about the buyback. 19 billion. also a dividend. $3 billion annual dividend essentially. why? >> well, it's part of our ongoing shareholder return program. we announced our intentions to do this in 2021 at our analyst day. one of the things we do as a team is lay out a business plan that's thoughtful then we go execute on it. and this business is producing enormous cash and we see a lot of prospects for that to continue in the future. our aspirations next year, 16 to 18 and then 18 billion and beyond in the out years. so it's time to continue returning that cash to shareholders. now for the first time ever, we're including a dividend in that program so it's upto $19 billion over the next five quarters. inside of which 3.75 billion or there about would be in t

david faber back with us following all morning. >> last hour, we told you that over an hour and the two sides were near a transaction that would return disney's networks to charter video subscribers. we cannot tell you that a deal has been reached. we don't have a press release as of yet but my understanding, based on a number of conversations is that, we have reached that deal that, again, over an hour ago we told you was near. all of the stocks in question were rising in our initial report and what we can do and sort of ascertain, based on people familiar with the situation is, is that disney will get a marketplace increase. that has been what it was thinking from charter but charter has said, hey, we want our subscribers to get access to disney+ and espn+ at a reduced rate or as part of the package. they didn't do that but my understanding is, it will include the ability for charter subscribers to get disney+ at a reduced price. a discount. a wholesale price. whatever you may want to call it. it is a win. a resource in these channels, including espn 2 charter video subscribers, ahead

david faber sits down with him thursday, 4:15 eastern, that's right here on cnbc. >>> cannabis stocksof a marijuana rescheduling started to gain steam last week. how much higher can these names go? tim, you thought this could be tripling of the stock. >> yeah, well, look, there's -- if you see -- the last couple days, both the volumes these shares -- they've traded probably ten times volume of the previous six months, and if you look at where -- there was some short positioning out there, and no new net money coming into the space. the headlines here are that cannabis, good politics. and the biden administration came out on friday, a couple days after hhs came out and basically said, we have given the fda's recommendation that cannabis be rescheduled to schedule three over to the d.o.e., and -- dea. we have a dynamic where i feel like the industry suddenly has a different foundation under it, because the biden administration now says, we've always supported cannabis, which isn't true, but it's good politics now, and the cycle is here. if you look at a company like green thumb, the lar

so, and what's happening, today, earlier on cnbc, you had the ceo of at&t tell david faber that people are just holding only their phones longer. i was listening to you guys before, you are 100% right. no one is going to get rid of their iphone. the question is, how long is it going to take them to upgrade to the next mod snl and we all know the battery dies, but the battery's been getting better. and what is it about this year that's going to get you to buy it? the higher price? the telcos, which is where all the product goes, these are the guys that are doing the promotions. mike seibert talking about promotions costing them her. what's going to make you buy your iphone or replace your iphone faster than you did before? that's the question. and -- >> what is the most likely trigger for this decline that you see to 120? is it -- i mean, you can argue that if the market overall goes down, apple still remains higher, relative to the markets, and if the markets go higher, it's because of apple. >> yeah. >> sort of a lose/lose situation for you bears out there. >> yeah, certainly, again,

. >> caller: send a big boo-yah to faber and carl for me. >> love them. >> caller: calling about glngif you're going to be in lng just go to coterra. this is a different kind of play. but i just like the fact that you've got a dollar finding cost for a $2.70 product that you sell. i'll do that all day. let's go to rip in colorado. rip! >> caller: hey, jim. thanks for taking my call. first-time caller. >> excellent. >> caller: i've got this chip equipment stock, air test systems. >> very interesting testing company. a little bit like adulant. something like emerson just bought. i'd rather see you in emerson, as a matter of fact. i think it's a better situation. not totally analogous but i like it. let's go to mary in idaho. mary. >> caller: good friday eve from idaho, jim. >> yes. >> caller: i want to say thank you for all the great advice you give. >> oh, thank you. >> caller: you're most welcome. i'm wondering, with the market being so crazy this week, at what percentage in loss of value with a stock should one perhaps consider selling? specifically i'm looking at sofi and i just --

about what we might do with our assets, which echoes what disney's ceo bob iger said to our own david faber a couple months ago. disney wants to transform its business to a more modern looking company, and it realizes that the traditional pay tv bundle is declining, has been declining for years. and it's kind of finally it's come to jesus moment here where it's like look, we may need to modify this company. we need to sell off some of these assets that used to be crown jewels for us that aren't anymore. >> what could be bundled along with abc and any possible sale and who might the buyer be? or buyers? >> so there have been preliminary discussions with nextar, an owner of many local affiliate tv stations around the country. it also owned the cw network or the majority of it. it's starting its own sort of news network called news nation, it owns the hill, other digital media assets. it makes a lot of sense they would be interested in buying the eight owned and operated local stations that disney owns, which are in big markets typically, chicago, new york, l.a., disney owns eight of these, in

. >> people close to the negotiations between the writers in hollywood and producers tell david fabert both sides are near an agreement that could end a strike going on for now at this point over 100 days the two sides are met and are looking to finalize a deal today. just last night, leaders at the writers guild of america and alliance of motion picture and television producers released a joint statement saying they met to continue negotiations and could meet again today according to sources familiar, if a deal is not reached, that work stoppage could go through the end of the year. there are still some sticking points but a light faint lip at the end tunnel. >> an interview with vivek ramaswamy who is rising in the polls. we'll play for you how he says his family's immigration story ulwod influence his policies businesses need 5g solutions today. that's why they choose t-mobile for business. mlb partners with t-mobile to not only enhance the fan experience, but to advance how the game is played. aaa relies on t-mobile's network to stay connected nationwide, so they can help get thei

are coming through you're in these meetings what's your sense of the ipo market we talked with david faberut the markets opening up do you sense it's opening up >> i kind of get a sense for it. three big runs recently. with the arm ipo, with the instacart, and now we've got klaviyo. so it's exciting and hopefully this will open up the market for more to come. >> we'll see and of course, as we were talking with sara, guys, earlier, a number of these big deals, cava now has been rather poor recently, it's still up, oddity tech is down from its initial price. ken vue is doing from its initial price. it's the aftermarket returns that you want to look for at this point >> sure, we'll see what that aftermarket brings right now, we're just focusing on klaviyo and we're excited here at gts and for the team >> and the klaviyo team is outside, guys. we're having a very big little social event outside they'll be inside in the next few minutes as we get closer to that opening i'll be here for that, as well >> they already did their cnbc interview, so they're chilling now, waiting that are opening pric

programming note, david faber has the interview with the ceo and founder of a.r.m. and softbank. masayoshi son. you know him? >> you call him masa. >> just masa. >> his friends do. >> those who know him. >> 90% of the company. >> i wish i owned 90% of something. >>> when we come back, a busy day for economic data and the ecb latest interest rate decision is coming up. we will get you ready next. >>> also, survey data found that less than half of gen gen z americans are thriving in their lives. suzy welsh will join us to talk about it. you are watching "squawk box" on cnbc. >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. you know doug, ever since switching to workday you've been a real rock star. rock star? what do you know about rock stars? billy idol? i mean where's the skin-tight leather? my shoes are leather. where's the unnecessary zippers? that thing! billy, rock star is just how doug feels when he uses workday. thanks, rory. i'll show you rock star! be a finance and hr rock star. workday. for a changing world. billy idol just stole your gol

david faber is on assignment. watch for volume and activity to pick up, conferences kick off.day for stocks

i'm carl quintanilla with david faber at post nine of the new york stock exchange, sara eisen live from beach, california. two events we're monering, uaw shawn fain president speaking on facebook live where he is expected to lay out more strikes, and house speaker kevin mccarthy expected to speak about the latest on the efforts to avoid a government shutdown tomorrow night. we'll monitor both of those developments and get to sara in pebble beach. >> hi. good morning, carl and david. looking forward to a few big interviews this hour. we'll hear from jane fraser, ceo of citigroup, the host of all of these tech and media executives gathering here in pebble beach. we'll talk about that. there's a lot of talk about ai and the future of media kind of colliding with an uncertain moment in the economy. interesting stuff on citi as you know, jane fraser a few weeks aig announced a restructuring of the banks, didn't put a number on layoffs but is trying to flatten the organization and help make it more agile to the current environment and try to boost the stock price which has lagged over competi

i'm carl quintanilla with david faber live at post nine of the new york stock exchange.live at our delivering alpha conference. we'll get to sara in a moment. in the meantime equities wrestling with elevated yields. 10-year close to 4.67. news cycle high as we weigh both the strikes, potential shutdown and delivering alpha today. >> yeah. we've got pending home sales out moments ago. diana olick has that for us. >> david. pending home sales dropped 7.1% in august from july. the street was looking for a 1% drop. a huge miss. 18.7% year over year. these sales are based on signed contracts during the month people out shopping when the average rate on the 30-year fixed was solidly over 7% and hitting 7.5 towards the end of the month. home prices started rising over the summer due to tight supply. sales were down across the nation with drops in the south and west where home buying has been the most active. the west the most expensive region, but the south has seen the biggest surge in demand since the start of the pandemic. this week has not been kind to rates. $7.65 accordin

i'm sara eisen with carl quintanilla and david faber.ive for you as always at post nine of the new york stock exchange. stocks giving a little back. s&p down 0.25. strength in energies financial and consumer skripgs. health and technology weakness thanks to amazon, adobe, tesla is higher. 30 minutes in, here are three stocks we are watching. oracle shares slumping after revenue missed estimates. revenue guidance also coming up short. everyone is watching apple to you. the tech giant set it unveil the iphone 15 this afternoon. live to apple's headquarters in just a moment for you. we're also keeping an eye on alphabet today marking day one of the justice department's antitrust case against google. the trial is focused on whether google illegally used its position to limit competition in its search advertising businesses. more on this story coming up. guys, we wait today in terms of the macro world and the markets for the inflation report tomorrow, that's cpi, and retail sales on thursday, and because we're in conference season and all the