you're watching "worldwide exchange" here on cnbc >>> good morning, happy friday, i'm frank holland in for brian sullivan kicking off your friday morning with u.s. stock futures deep in the red to kick off a new month and a new quarter of trading right now futures down about three quarters of a percent or more, the dow looking at this point like it's going to open up about 200 points lower at the open this after stocks ended september on a down note the dow sinking 1.5% yesterday to kick off the worst month since 2020 and not that much better for the nasdaq and the s&p 500 both coming off their worst months since march of 2020 you're seeing the trends here. in this case the s&p snapping a seven-month win streak this is also the nasdaq's worst performance in a decade. 10 of the 11 sectors were down in september with materials leading the losses a 7.4% slide. all of this as the ten-year yield dips below the 1.5 level sitting at 1.491 the rising bond yields a factor in the nasdaq having a tough month. and a rough session around the world, as we see a prime minister transition happen in ja

you're watching "worldwide exchange" here on cnbc, it's october 18, 2021 >>> good morning, i am frank holland in for brian sullivan. we'll kickoff your monday morning with u.s. stock futures. they're slipping this morning opinion let's take a look. all three are down fractionally right now, the dow looks like it could open up about 100 points lower. this comes after the major averages ended last week on a high note with the dow posting the best week since june and the s&p seeing the best week since july looking outside of stocks. oil, a lot of headlines about oil, trades at its highest level in about 7 years after gaining 3% last week right now looking at brent up almost a percent wti up over a percent this morning and then we have to look at the digital economy bitcoin continues to make waves trading at the highest level since april, breaking through the $60,000 mark this morning, looking at $61,600, up almost 2% we'll have more on crypto throughout the morning on "worldwide exchange. now we turn our attention to the global economy looking all around the world, mostly red arrows in asia over

i am frank holland from cnbc. dow dragged down by a 3% drop in disney, and focus today, a report on housing. google says employees are filing back into offices all across the country. there's about 50% in new york ahead of the company's deadline expecting employees back in the office three times a week. apple eliminating the touch bar, and they restore several connecters. apple unveiling a new generation of air pods and a $5 per month music subscription service. how you have guys been? >> missing you. >> i was about to say the same thing. yeah, we have been missing you. >> i heard you replaced me. >> you need to talk to whoever said and bring them on here, because we never said that. >> great to see you guys. thanks, frank. >> it's good to see you. >>> holidays and tahoe. >> let's do it. skiing. >> just catching up with friends here. >> of course, we are going to keep tracking the cooling trend. yes, moore rain is on the horizon, vianey? >> i heard you say tahoe, laura? >> yes. >> it's chilly right now. 43 degrees

i'm frank holland in for brian sullivan while he's out in hollywood.how stock futures are looking halfway through the 5:00 a.m. hour on the east coast. it is still early for the futures but they're green across the board. all of them up marginally. the dow looks poised to pop 75 points at the open if this continues to hold. to the top corporate stories wall street's top regulator is accusing brokages of game fieing these accusations by the s.e.c. coming as part of its highly anticipated report on the redit training mania that hit markets this year. the s.e.c. is not laying blame on a single cause or firm. ark invest kathy wood taking the other side, stressing she's not wording about the game-ification of stock market trading. >> i know people are concerned about the gaming that robinhood looks like, but i'm not. the fear and risk aversion that permeated the markets took the joy out of the markets and took the creativity and the imagination. now it's coming back and i really think it's starting with the millennials. they are excited. >> and s.e.c. chair

real bright spot in a dark corner of the city known as skid row with her story, here's cnbc's frank hollandn? >> she may call everyone else king and queen >> you are the king. >> but shirley is the royalty here on l.a. east skid row where an estimated 5,000 homeless live according to the city cease homeless authority >> she do the most wonderful thing for me and everybody else. >> coming up on six years, her non-profit called beauty to the streets feeds 500 people every saturday >> make sure you're in the line! good morning >> provides even hair and makeup services >> got you looking good, girl. look at you. >> giving the homeless a chance to look in the mirror, focus on their dignity. >> a makeover makes you feel good it makes you think and it makes you love yourself. >> a calling the mother of six found following a traumatic loss of her own >> my son's not here for me to take care of anymore, but there's other people's kids for me to take care of >> her quarter of a million fol lores fund these >> they come out and talk to you. try to make us feel like we somebody >> but if anybody attemp

frank holiday anderson spoke with the c-- frank holland had more. >> they had earnings that showed gainsy parts of its business when you look at the results, the profit, an 8 cent loss as you mentioned. look at its gains in recreational cannabis, up 77% year over year medical cannabis, those sales up by 9%. the company gets about 3/4 of its revenues from recreational cannabis but the ceo says building the medical business and lobbying the canadian government for looser regulation around cannabis will be a key part for growing the business this fiscal year. >> there is a big movement on to grow our medical business. you know, the margins are higher in medical the opportunities in medical are tremendous what we ultimately have to do is get the canadian government to put it on their prescription, and approve medical, that you are able to get through your prescription plans >> the mg ty up today, but still negative for the year. had a strong start to the start of the year. enthusiasm over the possibility of u.s. legalization obviously, that process is still going on simon says he is eyeing s

fr frank holland has that for us. >> supply chain disruptions are the biggest concern for their businessock of covid but despite those challenges, the u.s. economy, it actually received the highest marks from our global cfos. the only country or region seen as improving and it's been viewed as an improving area for the past four quarters last quarter just to put this all in context, the eu and uk the only other areas seen as improving and those areas viewed as stable along with the rest of the world. even with global economies stabilizing, always risk 40% of global cfos say covid the biggest external risk followed by a quarter saying cyberattacks and supply chain disrs rounding out the top three. perhaps surprisingly three cfos that see it as a risk this quarter compared to q3 more than a quarter global cfo see an improvement over q3 the consumer discretionary sector with the biggest upside and another increase from q3 and then followed by healthcare and with this confidence in tech, not surprising at all that the majority of cfos see the ten-year yield staying below 10% and a third beli

. >>> time for a news update with frank holland. >> hey there the u.s.for the hyper sonic weapons programs reuters is reporting at least one of the tests delayed. >>> in haiti streets blocked with burning tires and blockages. gangs are blocking for hijacking gasoline supply trucks the head of the gang believed to have kidnapped missionaries says we'll kill them if the demands are not met. >>> russian president vladimir putin said he's considering removing the taliban from the list of extremist organizations. they've held talks with taliban officials several times before seizing power in afghanistan and said president biden was right to withdraw from afghanistan sara, back over to you. >> frank holland, thank you. >>> after the break, we trade. we work finally going public more than two years at the failed attempt at an ipo details next it is higher. >>> later an exclusive interview with dow's joe fitteringling and as we head to break a check for you on bonds yields are higher again today. just about which is dictating the trading action expectations are

. >>> first, news update with frank holland. frank? >> here is what's happening at this hour.u.s. industrial production during september lingering effects from hurricane ida helping to drive 1.3% decline capacity utilization for the entire industrial sector that also fell. >>> home builders however, they're showing more confidence. this despite higher cost and entire supplies. the nehb index rising to 80 surge in buyer demand outweighing challenges on the supply side. >>> investment management stay street continuing mostly strong earnings report from the financial sector helping to drive beats on the top and bottom line. state street shares trading higher this morning. >>> and amazon says it wants to hire 150,000 seasonal workers for the holidays 50% more than last year. but still well below the hiring target in 2019 pay starts at 18 bucks an hour for the temp jobs. sign-on bonuses as much as $3,000 back over to you >>> all right. thank you very much, frank. >>> watching these indexes go back and forth nasdaq is outperforming today in the green and the broader market, we did g

. >> frank holland, thank you. let's get a quick check on markets. the dow one one third of 1%.is diagnose exactly the opposite and the s&p is flat in the middle. bond yields are higher again, but short of the levels we saw earlier this week. rick santelli has all the latest out at the cme >> yes, the short maturities are definitely below some ever their highest he can pas turn notes are only basis point away from some of the highest intraday levels going all the way back to may, five plus months the big story today is all the plop, plop, fizz fizz, all those alka-seltzer tablets in a the fed is dropping in the water glasses because the inflation rates continue to hop and they are hot, hot, hot. here is the five-year break even inflation rate between five year notes and five year continues. it looks like it is going to challenge and beat an yowl time high going back to record keeping in 2005 and the ten-year break even at 2.6% is at the highest level since the fall of 2012 call it transient if you want, but most people are calling it -- related. >>> democrats scrambling to come

really not a company i think is going to be growing in terms of multiples or earnings. >> serat, frank holland here turning to industrials you have a name that's in the news today. fedex, one of the companies there at the white house meet being the port of l.a. you have it as a sell. another company called transdon as a buy start with fedex why a sell >> if you look at fedex one of the things that's happening is we like companies that can raise prices faster than costs go up cost inflation is so high as far as wagers right now they can't pass those on to their end consumers. the other thing is fedex is having a hard time with logistics. they can't have enough people of at their facilities. oil prices also going up they can't pass that through you have a few things going on on a company that's extremely highly capital intensive, cans pass its pricing on and also in terms of costs just going up. >> with that said, fedex shares are up over 1% right now now over to one you want to buy, transdon i am not that familiar with that. >> transdon is the leader in aftermarket aircraft parts so why do we l

frank holland with the earnings pop for u.p.s. mike, start us off >> rally has slowed down a little bit grown more mixed under the surface. maybe not too much of a surprise as of right now, s&p 500 is up more than 7% in les than three weeks. so this has been a pretty assertive rebound off that shake-out we got in september and october. we look at short-term momentum signals, the signs that the market is running just a little hot in the near term it looks a little like what we got in early april as well as early july so not some kind of perfect mega top signal of any sort, but a little more continuation then it starts to flatten out. however, seasonal factors a little stronger now, and arguably, we got more of a thorough pullback in september and october, so maybe it's a little more energy left. so that's kind of the broad setup here, but the trend is pretty much in fact credit markets very supportive. take a look here at tesla, of course, a marquee reason the s&p has had the extra oomph to the up side. relative to bitcoin, over fi

we hlet's get to frank holland for an update now. > hi, kelly >>> in california clean-up efforts ramping up to limit damage from one of the largest oil spoils in recent california history. more than a mile of oil booms have been deployed while officials are racing to find and rescue animals harmed by the oil. >>> on the news, the search for the cause of the spill, that's tonight at 7:00 eastern. >>> new york city mandate for public school workers to be vaccinated has gone into effect. mayor de blasio says 95% of the 150,000 people affected have gotten their shots that includes more than 18,000 school workers who got vaccinated since september 24th. >>> president biden will go to the chicago area on thursday he will be pushing his administration's efforts to encourage more americans to get vaccinated >>> european regulators have approved covid vaccine booster shots for people 18 years and older. the european medical agency says booster doses should be considered six months after the second shot was received >>> that's the latest. kelly

. >> frank holland, thank you. >>> check on the markets as we wrap up the show all in the green and the s&p is 44.67. that's the level there about 0.7% david, every sector in the green for the s&p except for communication services that will do it for us "techcheck" starts now. >>> happy friday and welcome to "techcheck" i'm john fortt and carl quintannila aand julia boorstin look at names like facebook, amazon and alphabet. bit coin the possibility of a bit coin etf and how to play the crypto comeback. >>> later a "techcheck" exclusive with ceo of roblox >>> john, we're coming up on earnings starting next week we'll get some big ones and skepticism from the street on technology rbc warns of a controversial q4. bullish on names like alphabet and amazon and unsure on stocks like snap and pinterest. predicting deceleration and citi blames that on inflation and meantime the strongest call comes out of evercore. they add facebook to technical underperform after a 13% drop in the last month big tech beats ahead or serious headwinds. interesting mix of dynamics that work in the evercore call o

. >>> now to frank holland for a cnbc news update hi, frank. >> hi, kelly >>> the cia reportedly warningd the world that too many of the agencies informants are getting captured or killed. this according to "the new york times. the paper reports the top secret cable giving exact numbers of informants lost and details practices that could have compromised them >>> the nation head of the national institute of health is stepping down. francis collins will resign at end of the year. on the news health worker 's attacked and verbally abused, it is a growing trend during the pandemic especially for those treating covid pashtsd that's tonight at 7:00 eastern >>> also, volvo recalling near 260,000 older vehicles for airbags that can explode and send shrapnel into the car it recalls vehicles from 2001 through 2009 >>> one lucky person in california bought the only winning ticket in last night's $700 million powerball drawing the ticket was sold in a small coastal town in central california, just about halfway between l.a. and san fran. kelly, i might have a cousin there. i've been checking really

shortage also reached a peak, and experts say there is no sign of it letting up here's cnbc's frank holland. >> the trucker shortage is at an all-time high. 80,000 according to new data released this week by the american trucking association. paints a bit of a grim picture for the holidays as trucks move about three-quarters of everything that you buy in stores including your holiday presents, even the candy that you hope to have for trick-or-treaters in just a few days the pandemic, that is one cause of the shortage. the average trucker was 55 years old and made about $18 an hour before the pandemic according to cnbc data. many of those drivers retired. many also moved on to jobs in warehouses or delivering packages that often have similar pay without those same travel demands. also, only 7% of truckers are women. getting women involved is one way to ease the shortage there is also 91,000 truckers that have been cited for at least one drug or alcohol violation. 72,000 are suspended from driving and 54 of them have not even started the process of being reinstated replace the drivers that ar

here's cnn's frank holland. >> the trucker short and in the u.s.l-time high, 80,000 according to new data released this week by the american trucking association. it paints a bit of a grim picture for the hole days as trucks move three-quarters of everything that you buy in stars, including your holiday presents and even the candy you hope to have for trick-or-treaters in a few days. the pandemic is one cause of the shortage the average trucker is 55 years old and made $18 an hour before the pandemic according to cnbc data many of the drivers retired and many moved on to warehouses that delivered packages that often have similar pay without the same travel demands. also, only 7% of truckers are women. getting more women involved seen as one way to ease the shortage. there's also 90,000 truckers that have been cited for one drug or alcohol violation. 72,000 are suspended from driving and 54 of them have not even started the process of being reinstated those are a few factors. the shortage obviously has many factors and many causes and one thing is c

kavita patel >>> but first, frank holland looks at some of the high growth businesses in if canada. >> three years after legalization in canada, the business of cannabis is growing in many more ways than one coming up we'll look at the companies, the research and development and how consumers feel about good old fashioned weed with all the new cannabis products on the market what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq trading isn't just a hobby. it's your future. so you don't lose sight of the big picture, even when you're focused on what's happening right now. and thinkorswim trading™ is right there with you. to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies right on the platform. because we take trading as seriously as you do. thinkorswim trading™ from td am

. >> frank holland, thank you. >>> check on the markets as we wrap up the show all in the green and thes that will do it for us "techcheck" starts now. >>> happy friday and welcome to "techcheck" i'm john fortt and carl

let's get to frank holland with a look at the cannabis companies performance.ard to believe it's been three years. >> reporter: yeah. tilray is the only canadian cannabis company in the green for 2021 as the companies continue to adjust to canada becoming a recreational cannabis market 95% of retail sales in downtown toronto. cannabis flower, aka weed and pre-rolled joints with weed dominate the market in canada. edibles, vapes and drinkables about 20% of the market and been an issue cannabis prices have fallen by 30% since the start of the pandemic 4 of the 5 top canadian stocks down after surgesin the beginning o the year on hopes of u.s. legalization tilray ceo believes adoption of medical cannabis will driver revenues. >> it is the opportunities in medical care and something we focus on in a big way whether it's oils, drops, liquids, topicals >> reporter: u.s. legalization is still unclear even with chuck schumer pushing for reform see here on the map it is a patchwork. with 46 states legalizing a form of cannabis or decriminalizing many feel it's inevitabl

>> let's turn to the ongoing supply chain issues pressuring ship operators and ocean carriers frank hollandok at some of the space toosz buy. >> obviously investors can see containership is booming and maersk are down, even after they raised the top end of profit guidance by $3 billion. at the port of l.a., there are 140 ships in port, 83 arrived in the last 24 hours. 63 more expected in the next 30 days but container ship and prices from asia to the west coast have fallen 20% in the last month and that's with companies racing to bring in goods before the holiday season china-based costco and taiwan-based evergreene down double digits over the last month. these stocks all control more than a third of global capacity. one factor of temporary slow down due the national holiday of golden week, where production travels as people travel to see loved ones and some is concerns that the surge will end sooner than expected container shipping capacity is growing month by month, expected to increase up to 23% in 2023. if your 're look interesting the surge to -- looking for surge to be continuing, loo

. >>> welcome back time for a news update with frank holland. >> hi there.this hour, one law enforcement officer is dead, two others hurt in a shooting aboard a train in arizona that's the report right now from the local nbc affiliate. police say a person is detained. amtrak statement said there was a shooting on a train from los angeles to new orleans no injuries to the 137 passengers and 11 crew members they were all evacuated. >>> almost all the members of a union representing film and tv production, authorized to vik. first time in the history of the international alliance of stage employees. negotiations with producers continue for a new contract. >>> traffic from canada to the u.s. is moving on a bridge that links detroit to ontario it was completely shut down today after what police on the canadian side called possible explosives found in a vehicle in a border search. wilf and sara, back to you. >> frank, thank you very much. >>> some other very sad news to report today tobias levkovich, frequent guest here on "closing bell" has tragically passed away

. >> i'm frank holland here's your cnbc news update general colin powell, the country's first black secretaryed away. his family says he died of complications from covid-19. he was fully vaccinated against the virus. powell was a respected military leader and diplomat but his reputation suffered after he made faulty claims before the united nations to justify the war in iraq. colin powell dead at the age of 84. >>> the supreme court blocking cases against police for excessive force in california and oklahoma the justices ruling the officers have legal protection from the lawsuits under the doctrine known as qualified immunity. >>> russia's foreign minister says his country is suspending its mission to nato. germany's foreign minister says the decision will damage the relationship between nato and russia. >>> u.s. officials are working to secures the release of 17 american missionaries kidnapped in haiti police say they were taken by a gang notorious for killings, kidnapping and extortion that's the latest. david, back over to you. >> thank you, frank. >>> we are live from milken institute glo

those reporters that you just saw in that piece and dig into a critical link in the supply chain, frank hollandou, joe, the top lanes all around the country seen their rates double since 2019. right now we're in the container shipping yard for cfx right here in the chicago suburbs all the rails use this as a key transfer point to move containers from west coast ports to east coast locations. take a lookch this is drone footage that looks how they have turned into defacto storage containers because of a shortage of workers and equipment they use called intermodal chassiss and a shortage of the truck drivers, themselves. the result is it's declined sharply despite rails being traditionally chieper. because they are shippers, they turn to trucks and according to csx, these delays will last a while they are headed to an unprecedented eport. >> there is three peaks in the peak season, an international, a domestic peak and a parcel peak. each of those peaks kind of peak at specific times and they each also kind of dissipate and the other one kind of kicks in but during this season, they're all going

component shortages, all that stuff when cars come from abroad, do they get stuck at ports like frank hollandon these. >> right, they can >> congestion, at ports things are stacked up so would they say, i'm speaking from personal experience here because i can't get this car up, it's like in germany somewhere at port. they won't send it out >> somebody is driving it around in germany >> better not be if you go in reverse, does it take off the mileage like on ferris buehler >> ferris buehler. >> does it take it off >> no, i don't think it does >> i think the port is one big mess, supply xains chains. >> it is a mess. >> and logistical bottlenecks at all the ports. >> yes 100% look a port issue is not as much as an issue as chip manufacturing. most auto makers the majority they sell is in the country where they're building so for the united states majority, what sold in the u.s. is built in the u.s. or in canada or mexico those are rv vehicles. you have a good example that are imported they're running into the same delays you see with every other item that is slow coming across or getting into a

. ♪ >>> we're back, exclusive results this morning from our cnbc global cfo council survey frank holland findings good morning. >> good morning. more than a quarter of cfos, say cyber attacks are the biggest threat to their business as they blend at home and in office work here in the u.s., covid concerns have only grown in the course of the year with cyber concerns lesser over the start of 2021 but still rising as you can see from q3 to q4. supply chain concerns also noted. supply chain disruption was not an option in the first half of the year for the survey. still less than 1% in q 1 and 2 saying the other answer. cyber costs are up 90% spending more to keep their companies safe 70% say they believe their networks are safer than they were just a year ago of course, covid continues to be a factor in all decision making and 80% of u.s. cfos say president biden vaccine and testing mandate for work places with more than 100 employees has their total support. 15% say they totally oppose vaccine mandates >> totally oppose the mandates so this is going to get interesting. >> still a divisive

frank. >>> that does it for "the exchange." we are just getting started. "power lunch" begins right now >>> welcome to "power lunch," i'm flank holland in for tyler mathisens of the last fed minute are out any second now. it could include key insights into what policy makers are thinking about inflation and the taper time line. >>> also breaking the bottleneck the white house attempts to ease the backlog at the ports are transportation c