i'm frank holland in for ms. melissa lee. their best weeks since june investor temped their fed fears. big test next week with tech earnings we're going to give you plays. netflix turned into a stellar performance this week, which means we should manage our trade from last week right now we'll explain what to do next. with me tonight, carter worth, mike khouw, and a special appearance by denis. let's get a quick assessment of the week's

thursday, october 6th, 2022 you are watching "worldwide exchange" hered on cnbc good morning i'm frank holland in for brian sullivan let's kickoff thursday morning with the u.s. stock futures after the major averages posted the first negative session in three, but on the best week since june the dow could open up 100 points lower at this point. s&p and nasdaq fractionally lower at this time the bond market closed higher for the first time in three days this morning, the 10-year treasury at 3.75%. still with the inverted yield curve. and checking oil wti trading higher and on pace for the best week since march. oil is fractionally higher wti is $87 a barrel. we have to look at bitcoin and crypto bitcoin and ethereum trading slightly higher. bitcoin moving lower right now over the key $20,000 mark. it has been range bound in the last couple months something we are watching. ethereum is higher right now xrp having a run the last few weeks. >>> let's the cryptocurrency let's get a check of the overnight a in asia and early trade in europe. for that, let's go to joumanna bercetche in the london new

i'm frank holland in for brian sullivan let's get to the markets futures in the red the dow looks likeer basically flat s&p and nasdaq down fractionally as well. the 10-year treasury holding above the 4% threshold 4.1% on the 10-year treasury 2-year treasury at 4.58%. look at the oil market on the back of the spr announcement brent crude is up $93. >>> let's get a check on the top stories with silvana henao who is back with those >> good morning, frank meta facing departure of the high profile executive within the company. announcing on his facebook page he was taking a break after more than a decade with the company writing in part strategic technology deal work is intense. he played a key role in the acquisition of instagram and whatsapp and oculus. >>> the biden administration announcing nearly $3 billion of grants to help produce batteries for electric vehicles in the u.s. the money is coming from the infrastructure bill. it will go to 20 companies and focus on battery grade materials, including lithium and graphite and nickel. the act allocates $135 million >>> and waymo will begi

frank holland who is back with a cnbc update. hey, frank >> tyler, thank you.what's happening, the court agrees to expedite the justice department appeal from documents seized at former trump's florida estate court orders briefed from both sides must be complete by december 17th. >>> president biden landing in florida. and fema saying ian is perhaps one of the most cost ly disastes in 20 years. >>> and for the first time in 20 years, a russian cosmonaut is lifting off. headed to the international space station, among the crew, nicole mann will be the first native-american woman to orbit earth. >>> and on the news tonight, easing the health of nurses with robots how to fight off stress and fight burnout, that's 7:00 on "the news. >>> still ahead, consolation brands, conagra and mccormick with the results that's next. opportunity is using data to create a competitive advantage. ♪ ♪ it's raising capital that helps companies change the world. it's making complicated financial concepts seem simple. opportunity is making the dream of home ownership a reality... ♪ ♪ .

i'm frank holland in for brian sullivan it's right around 5:30 a.m. here in new york. take a look at stock futures right now. they've been fluctuating all morning. the dow could open slightly in the green this morning, but, of course, it's still early let's hit oil as president biden announces a release of oil from the country's petroleum. we're seeing crude up slightly wti at about $83, $84 a barrel brent crude up almost a percent right now. let's get a check on some of the top stories. our silvana henao is here. she's back with more hey, silvana. >> we have lots to cover another fed official is speak out on the fed's rate hike strategy minneapolis fed president is sticking with husband hawkish tone saying the fed may need to push its benchmark policy rate if inflation does not stop rising most central bank policy makers expect the rate to rise currently from 3.25% to between 4.5% and 5%. shares of asml holdings on the rise after reporting better than expect third quarter results the company, europe's largest tech company and a key supplier to key manufacturers toppin

october 28th, 2022 you are watching "worldwide exchange" here on cnbc good morning happy friday i'm frank holland in for brian sullivan let's kickoff friday with the check of stock futures with the s&p and nasdaq coming off back-to-back losing session. dow up for the first time since august boosting that index yesterday. this morning, as we can see, red across the board s&p and dow lower. nasdaq hardest hit big tech earnings are disappointment impacting the index. let's check the bond market. a bit of a surprise. 10-year treasury below 4%. we are seeing it here. ticking right about 4% at 3.97%. that gdp report was a surprise yesterday showing inflation easing a bit easing up on the bond yields >>> energy with oil down this morning. wti up $5 over the last month. natural gas actually sliding in recent weeks milder than expected weather in europe is possibly a factor. >>> cryptocurrency bitcoin and ethereum down across the board. you have to keep in mind ethereum since the middle of the month and bitcoin making a move to the upside. deep in the red today. bitcoin down 2.25% >>> turning attention ar

let's ged to frank holland and the half >> reporter: welcome to the half time report. i'm frank holland in for scott wapner the question today should you buy into this rally and what bargains should you be buying right now? we'll debate that and much much more with our investment committee today. and joining us is stephanie link and right here on set is liz brown and josh young stocks building on yesterday's huge rally the dow back about 30,000, the s&p on track for its best day since mid-july the nasdaq showing some lead

tuesday, october 18th, 2022 you are watching "worldwide exchange" here on cnbc >>> good morning i'm frank holland in for brian sullivan let's kickoff tuesday morning with the check of stock futures. in the green this morning across the board. right now, the dow could open up 300 points higher. at this point, the nasdaq and s&p in the green after a sharp move higher for the averages yesterday with the dow gaining 2% s&p and nasdaq closing 2.5% and 3% key earnings reports easing investor fears and oversold tech names with a bounce back we still have a long way to go ahead of the open this morning, the dow is off more than 18% from the all-time record high. the s&p off 23%. the nasdaq remains 34% off of the record high. now it is time to check the bond markets. a lot of movement. the 10-year treasury above the 4% yield something to watch it has an impact in the market again, the 2-year treasury at 4.46%. it hit a 15-year high last week. the oil market crude is slightly higher this morning. actually down a little bit it has been moving a bit wti down .50%. brent crude down .50%. wti is $5 a barrel lo

. >>> i'm frank holland with a cnbc news update the u.s. update.price index a key cost of living measure, 4.1%, that's less than 9% last quarter. >>> cater piller is leading the dow with a 10% jump today. the company posting strong results saying it's seeing strong demand from the energy and gas sector >>> and the euro is trading below the u.s. dollar. the european bank raises interest points by 75 basis points as expected but slower pace of hikes. >>> and credit swouisse, after results, down 18%. the swiss bank will focus on its wealth management business and spin-off of its investment bank. that's the very latest jon, over to you >> frank holland, thank you. >>> met tall shares plunging as mark zuckerberg doubles down on the metaverse and his spending there. but in case the investor reaction wasn't enough, check out what a few tech leaders at the "wall street journal's" tech live conference had to say about the concept of the metaverse this week. >> so i'm going to ask you to finish this sentence -- the metaverse is >> living inside a computer. >

and the half >>> welcome to the half time report i am frank holland in for scott wapner it is a sell-offwall street. a strong jobs report revising fears about inflation and the fed's rate hike plan what is the biggest risk right now, inflation or recession? and what do investors do from here we're going to debate that and much more today with my committee. also with cnbc senior economic reporter steve liesman steve, great to have you here. let's get a check on the markets right now in what's really been a wild week. the major averages

i'm frank holland in for scott wapner stocks down after two monster days of gains.oric production cut by opec. what it means for energy stocks and the broader market from year our investment committee today and joining me on set kevin o'leary and jim labenthal. stocks as we said are down after huge days. the dow right now down

i'm frank holland in for scott wapner stocks down after two monster days of gains. plus a historic production cut by opec. what it means for energy stocks and the broader market from year our investment committee today and joining me on set kevin o'leary and jim labenthal. stocks as we said are down after huge days. the dow right now down about 300 points that's pretty much where it opened the nasdaq the hardest hit, down 1.5% we've got to mention bond yields they're back on the rise the ten-year hitting about a 15 point basis hike moved to the up side from where it closed yesterday and that's where we begin, gentlemen we saw that rapid yield when it comes to the ten-year yield. opec production cuts, issues of ism in theureo zone, a lot of data points to come in here and a lot of questions about the fed, pause, pivot or staying the course >> you went through a long lundry list. i'd like to simplify to things that probably matter the most. it is the fed, and fed is really a dlerivative of what's going on with inflation a fed put, a fed pause or a fed pivot, the bad n

thanks very much frank holland reporting on the transports for us.ck check of where the dow stands, pressing in on the session lows, off about 603 points, i think 614 was the session low, so that's a 2% decline there, but that's nothing compared to what we're seeing with the nasdaq it is off 3 2/3% that does it, folks, for "the exchange," i'll join my friend contessa brewer for "power lunch" which starts right now. >> hello, tyler, hello, everybody, welcome to "power lunch," stocks falling after the jobs report, 263,000 jobs added, it was fewer than expected but the unemployment rate and participation rate fell with the labor market remaining tight here, will the fed fight back harder against inflation. >>> and oil back above $90 a barrel, doesn't help, opec cut production target to keep prices high the u.s. needs to fight back, and his take coming up tyler. >> contessa, i'm tyler mathisen, we're seeing markets fall after the jobs report, fears that the fed won't be able to take its foot off its brake that's sending stocks lower. remember that, it se

and the half >>> welcome to the half time report i am frank holland in for scott wapner it is a sell-off on wall street. a strong jobs report revising fears about inflation and the fed's rate hike plan what is the biggest risk right now, inflation or recession? and what do investors do from here we're going to debate that and much more today with my committee. also with cnbc senior economic reporter steve liesman steve, great to have you here. let's get a check on the markets right now in what's really been a wild week. the major averages on pace for weekly gains the dow down about a 1.5%. the nasdaq the hardest hit down more than 3% we're also watching of course that ten-year yield, hitting it's highest level in a week remember last week it just touched a tick higher. does this cement the 75-point basis hike in the fed's next meeting and this move the pivot or talk off the table? >> i don't think it moves everything off the table i think it does cement the 75 basis points i think that was in there no matter what, and we know the fed is going to act aggressively i think like almost every

everybody, to "power lunch" on a wild day in the stock market i'm tyler mathisen joined by my friend frank holland, a massive, massive turnaround on wall street. we haven't seen this kind of action in months very rare kind of day. stocks falling hard on hotter than expected cpi numbers. that didn't last a turnaround, sharp, steep, this hour we're going to look at what's driving it, as you see that massive turnaround taking hold how to invest in it, and we'll speak to a market veteran getting ready for an even more powerful rally first, though, to frank for a check on the market. >> stocks are bouncing back this afternoon after levels not seen this 2020. the dow had a wild ride. 13-point swing from the bottom to where we're at about now. almost 1800 points higher. you see the dow now up more than 2.5% the s&p, it was down almost 2.5% at the lows. now you can see it's up almost 2.5% this is the widest trading range for the s&p since march of 2020, hit the lowest levels we have seen since november of 2020. the nasdaq as well rebounding, up more than 2%. financials today leading the turnaround jpmorga

let's ged to frank holland and the half >> reporter: welcome to the half time report. i'm frank holland in for scott wapner the question today should you buy into this rally and what bargains should you be buying right now? we'll debate that and much much more with our investment committee today. and joining us is stephanie link and right here on set is liz brown and josh young stocks building on yesterday's huge rally the dow back about 30,000, the s&p on track for its best day since mid-july the nasdaq showing some leadership here, up more than 3.25%. also watching bond yields. the ten-year yield is declining and trading just about 3.6% down from 4% at one point just last week that's where we begin. liz, josh, great to have you here in front of me. liz, i'm going to start with you. are you buying into this rally are you a believer >> today, maybe not. i think you have to look at this over a little bit longer of a time frame i'm not going to say look at this over years, but look what happened in september. we had an almost 10% down run in september. this is a nice lit

i'm frank holland. here's what's happening at this hour ukrainian officials say they found a mass grave in the newly liberated town of lyman. the regional governor says they found the bodies of 55 civilians and ukrainian soldiers some of them were children >>> israel and lebanon have reached a historic agreement over their shared maritime border the deal could pave the way for natural gas exploration and also reduce tensions between the two nations, which have been formally at war since israel's establishment back in 1948 >>> and royal watchers, mac your calendars. the coronation day for king charles has been set for may 6th of next year details are scarce about the ceremony but sky news reports it will probably last just about an hour far shorter than the three-hour event that installed queen elizabeth back in 1953 also the guest list will be smaller, with only 2,000 in attendance inside stead of the 8,000 people invited to queen elizabeth's coronation that's the very latest back over to you, melissa.

i'm frank holland in for ms. melissa lee. the markets log their best weeks since june investor temped their fed fears. big test next week with tech earnings we're going to give you plays. netflix turned into a stellar performance this week, which means we should manage our trade from last week right now we'll explain what to do next. with me tonight, carter worth, mike khouw, and a special appearance by denis. let's get a quick assessment of the week's overall market action carter, what's your take >> in many ways it was sort of more of the same if you think about it, yields were up 15 weeks in a row, or close to it, a near record gold down, although recovering a bit. and s&p of course putting on a good week. and yet here, too, we're basically the same level where we were in june, not much happened it's going to really get down to whether the earnings can deliver next week. >> denis >> yeah, nothing like a 2.5% broad market rally on a friday the make everybody feel like it's summer time even though it's not the options show -

. -- captions by vitac -- >>> it is friday and it's time for options action i'm frank holland in for melissa lee. the markets log in their best week since june as investors temper their fed fears we'll give you plays for apple, google, and microsoft. and speaking of earnings netflix turned in a stellar performance this week, which means we should manage our trade from last week right now. we'll explain what to do next. with me tonight carter worth, the chart master, mike khouw before we get to tonight's trades let's get a quick assessment of the week's overall market action. carter, what's your take >> in many ways it was more of sort of the same yields were up gold down though recovering a bit. and s&p putting on a good week, and yet here too we're basically the same level where we were in june not much happened. it's going to really get down to whether the earnings can deliver next week. >> dennis? >> yeah, nothing like a 2.5% broad market rally on a friday to make everybody feel like it's summertime even though it's not. an options show the vix is still priced to 30 the market was

for more, let's bring in frank holland. frank, what does this cut mean for gas prices?er: oil is moving higher. that reported plan to cut 2 million barrels a day would be the biggest since the start of the pandemic. the cuts are expected to move oil prices possibly to $100 a barrel, that's about a 15% increase from today. that would lead to higher gas prices and higher prices for home heating oil in the u.s. as many are grappling with inflation. regular unleaded still about 20% higher than a year ago. just the expectation of these cuts have put the brakes on the rally on wall street. interest rates moving higher on questions about the fed that they could pause or pivot from their plan to raise rates. higher gas prices could contribute to higher prices and inflation in the u.s., raising more questions about our central bank. >> whoa. so now what are we looking ahead to? what can we predict given this decision and the raising of interest rates we're experiencing right now? i'm reading scary headlines about the housing market. obviously gas prices and the prices of goods o

the map, and the dow is now down some 80 points ahead of a busy week, as you know let's get to frank holland today and the half >> welcome to the "halftime report." i am in for the judge. the last trading day of a wild month, happy halloween the big question, should you trust this rally as we head into a fed rate decision this week. to debate that and much more, we have our investment committee. the last two here on set with me, and great to have you here let's get a check at the markets at this hour stocks are down bucking the october rally we saw, and the dow is on pace for its best month since january of 1976. and right now you see the dow is down just about 90 points. the nasdaq also -- not also, but the hardest hit here down about half a percent still above 4% something to watch our friends on "tech check" just discussing that, and important to note, the dollar is down half a percent so far this month. great to have you both here. can we trust the rally we have seen this month, the start of this quarter, or are things about to get spooky on this halloween? >> trust and verify. you need

you've got the dollar at session lows and vix 27 let's get to frank holland and the half >> re >>> welcomeo the half time report megacap tech missing the mark. what does this all mean for the tech trade and meta? and rates versus reports what's actually more important for stocks and the year end rally, is that even still possible we'll debate that and much, much more with our investment committee today. joining me right here on s

. ♪ >>> i'm frank holland, your news update at this hour. test scores for u.s.ng the pandemic math scores saw their highest declines ever. every state saw math or reading scores fall. >>> ethan crumbly pleaded guilty to charges in a shooting that killed four students >>> another former minneapolis police officer pleaded guilty in the killing of george floyd, he pleaded guilty to aiding and abetting second degree manslaughter in exchange for the plea, a murder charge will be dismissed. >>> and rishi sunak is set to become britain's next prime minister his priority is to unite the country and deliver economic solutions. that's the latest. carl, back to you. >>> in recent months there's increasing scrutiny on the potential for conflict of interest when power and influence are wielded in washington in cement "the new york times" revealed 97 members traded stocks on committees they serve. and now this new cnbc investigation find it is former head of google, eric schmidt, made investments in ai companies while chairing the ai commission raising concerns among ethics e

frank holland has numbers. >> up now but off highs after earning of shares up double digits after the bell. a big pop after top and bottomline beats stock's nomore than 75% off its high recouping from a beaden down cloud provider and executives on the call said business spend was tightening, decision-makers scrutinizing i.t. decisions more closely. still reporting 124% net revenue retention, metric of current companies spent. all of this optimistic, domino's pizza and medicare and medicaid as customers getting a boost to other players. ensauna, 85% off its high. spunk also outperforming the real question, of course, rate pressure. see here quarterly day chart. brief here representatives from the etf and others able to rise rile rates rose qqq etfs over 4% rate is a consistent story with these companies and breaks from the dollar pretty much flat carl, back to you. >> thanks. >>> don't miss the season finale of jay leno's "garage" as jay joins the president at the secret service training facility to talk about the future of electric cars and a lot more that's coming up tomorrow night.

let's get the headlines now from frank holland. >> the author lost sight in one eye and hand in an august attack when a man attacked him onstage at a literary event in western new york a central philippine airport shot down when a plane over shot the runway the night before, and no injuries are being reported among the 162 passengers and the 11 crew members that escaped that after the close call, and then the republican national committee is filing a lawsuit against google, allegedly the tech company suppressing its e-mail solicitations ahead of mid-term elections, and google denies that charge saying they simply don't filter e-mails based on political affiliation >> thank you >>> still ahead right here, why etf investors are not fleeing despite the declines, d vianken o'leary is adding to one stock as well, and we're back right after this new customers get our best deals on all smartphones. -that's right! but what if i'm already a customer? oh! no problem! hey, cam? wow! same deal! yeah! it's kind of our thing. wow! that's a great deal! what if i'm new to at&t? cam, can you? nice! hey! b

frank holland joining us with the u.p.s.revenue and eps forecast to increase despite fedex's big and ominous warning about a potential global slowdown and recession for u.p.s. that's really key it is more reliant on u.s. volumes than fedex margin of 10%. margin will really be key. we haven't heard u.p.s. and others talk about a slowdown like fedex but the margin numbers will reveal if there was and how the company responded and if they were able to respond in time. four-year guidance key if there was a slowdown you would have expected to hit the holiday quarter. here is what we know revise estimates 2% lower last week after originally forecasting that volumes would be flat. that may seem minor. over certain levels it has been a big part of the revenue. it could hit overall revenue last but not least analysts say they are eager about volume, slowdown, recession, et cetera carol tome launched better not bigger with the focus on sweating assets and more on maximizing existing capacity they are planning to ramp out bigger and bo

you've got the dollar at session lows and vix 27 let's get to frank holland and the half >> re >>> welcome to the half time report megacap tech missing the mark. what does this all mean for the tech trade and meta? and rates versus reports what's actually more important for stocks and the year end rally, is that even still possible we'll debate that and much, much more with our investment committee today. joining me right here on set, let's get a check on the markets this hour. the the markets were down 2% last hour but recovering much of its losses after getting hard hit by amazon and microsoft. the s&p as you can see just up about a half a percent the ten year yield hovering above 4% it's about 4 basis points higher than the start of this month that's the setup we have right now, anastasia any other day we see microsoft down big, alphabet down big. the whole market might tank. today we're seeing the markets rise we're seeing perhaps new leadership >> it sort of doesn't make sense. it's 15% of the earnings and you'd think we'd pay attention to it because it's indicative of the larger mark

the map, and the dow is now down some 80 points ahead of a busy week, as you know let's get to frank hollandhe half >> welcome to the "halftime report." i am in for the judge. the last trading day of a wild month, happy halloween the big question, should you trust this rally as we head into a fed rate decision this week. to debate that and much more, we have our investment committee. the last two here on set with me, and great to have you here let's get a check at the markets at this hour stocks are down bucking the october rally we saw, and the dow is o

frank holland joins us with those details. >> well, fedex shares are falling after that kruters report citing an internal memo detailing the company's plans to issue a warning about falling holiday peak volume. u.p.s. shares also falling in sym sympathy fedex has plummeted 25% since the co issued a dire warning on september 15th about dramatically lower profits and of a global slowdown that could lead to a recession. i've been in contact with fedex, they said the company is updating individual contractors that operate its residential e-commerce focused grand unit and they say the updates are an extension of the original warning from their ceo since then there have been a lot of questions, are fedex's problems execution issues or a sign of something bigger if you look like each with today's warning we haven't seen a major downturn in other stocks that are tied to holiday shipping, for example, union pacific and ch robinson get a major portion of their revenue from asian imports, their stocks not taking a major move to the down side after that warning despite concern of a holiday slowdow

. >>> i'm frank holland. here's our cnbc news update at this hour. german president arriving in kyiv via train for his first visit to ukraine since the start of russia's invasion the world bank currently estimates the damage to ukraine at $345 billion. >>> home prices are still higher than a year ago but gains are shrinking at the fastest pace on record home prices shrunk by 13%. however that jump is still less than the 16% jump seen in july the record cool down emphasizes the housing markets recent struggles under higher interest rates. >>> and the savannah meta plant is part of the commitment to $1 billion to foster future ev production here in the u.s that's the very latest scott, back over to you. >> financials on pace for their best month in nearly two years fueled by better than expected earnings and rising interest rates, our next guest says banks are just getting started mike mayo with wells fargo, he was just named congratulations to you the number one large cap bank analyst by institutional investor it is the third year in a row. kudos to y

. >>> i'm frank holland. here's your cnbc news update this hour. florida jury has decided the 2018 parkland school shooter will not face the death penalty. the shooter has pled guilty to 17 counts of murder. the jury deliberated for seven hours. >>> at least 18 people were killed over 1,500 people died after last month's flooding and hundreds of thousands of people remain displacedmism officials say the bus caught fire after the air-conditioning malfunctioned. the next public hearing of the january 6th committee is set to kick off in just under an hour this is the ninth public hearing and the final one before the november mid-terms while the hearing is not expected to include any live witnesses, there's expected to be n ttinyewesmo and evidence including secret service records and surveillance video "halftime" returns after this break. so you can enjoy more of...this. this is the planning effect. i'm a vegas hotel. i know what you're thinking. it's cool, i don't want anything long term either. just a few nights of fun. i'm looking for someone who w

. >>> welcome back, let's get another get check and frank holland has that on a turbulent period for cloud stocks. >> cloud stocks are lower, 20 basis points higher in the last few weeks. just about 1% off their lows as you can see. we know the transition to cloud, that's a real macro trend. cloud globally seeing strong growth as recession concerns grow important to note, it has declined from the levels we saw earlier this year. to start q4, many beaten up names are seeing upgrades in price targets, including citi, intuit and work iva, 95% of companies had in-office and remote work for employees. continuing to be a strong upward trend, putting optimistic price targets on crowd strike and zscaler, and strong growth potential even in a recessionary environment. but of course with the rising rates there are also stocks seeing their stock price and balance sheet impacted piper out with a list of stocks with concerning debt levels, focusing on companies with more debt than cash digital ocean and economy technologies back over to you. >> frank, you talked about some of the upgrades, it fee

but the transportation giant has moved higher after three of its last four earnings reports frank hollandtory and david katz, matrix assets adviser chief investment officer has the trades frank, we'll start with you. >> you mentioned that ccsx is down more than 20% year-to-date. that's basically since those rail strike fears were at least, you know, delays a final deal still pending, but it looks like it's on its way. revenues are supposed to go up 13 to 14% respectively but of the most important numbers operating ratio. it's an efficiency metric. the lower, the better. the estimates forecast a quarter-quarter increase something to watch this stock can trade lower on an operating ratio, that's higher than expected. after that, the container business is very important csx gets about 15% of its revenue from ship containers with more and more revenue going to east coast ports. this is expected to be a beneficiary. certainly something to watch csx has seen its overall volume increase in recent weeks and after that, we're looking on the commentary from the call from ceo jill heinriches what he

worst performers on the dow at this hour and dow for good or bad measure as the case may pbp to frank holland for the news update. >> here's your cnbc news update for this hour. the federal policy that prevents the deportation of immigrants that came as children will continue at least temporarily. a judge ruled the version of the daca program can stay in place with limitations he set. another ruling on the program last week drew protesters in washington >>> after six months in space, four nasa astronauts are coming back to earth. their capsule has unducked and is expected to splash down off the coast of florida this afternoon. >>> durango, colorado, a large unwelcomed guest was found under the deck of a house. it's a bear as you can see weighing as much as 400 pounds it took a tranquilizer dart and wildlife officers to get the bar beer. >>> the actor who played hag grid passed away he played a crime solving psychologist in a villain in two james bond films coltrane was 72 years old. back to you. >> sad fuse. thank you. >>> putting together a retail shopping list. the group setting a low bar o

frank holland joins us with why transports could be the "garp" stocks. >> hey there this might be hardlines, one of the top performing in the nasdaq 100 this quarter, shares up almost 6% as trucking and logistic players continue to outperform the broader market and the mega cap etf of the nasdaq 100 and triple qs transports are not growth stocks, they're not, more and more they're looking like growth at a reasonable price that so many investors are looking for since the second quarter, a lot of talk about a possible freight recession and falling freight rates and last month the dire morning from the fedex ceo that rates were plummeting. we'll get more insight as some of the biggest names in transport all report their earnings in their first two fiscal quarters, revenue and eps growth that's out pacing the triple qs. if these stocks can maintain this level of growth they would be growth at a reasonable price by definition. all trading at a lower forward p/e than triple qs that traded 19 times jb hunt reports next week. old dominion might be a tick above that that's the growth people are

gaining double digits this week for more please visit the ft wilshire etf hub >>> let's get to frank hollandow for a cnbc news update. >> hey there, tyler. here's your cnbc news update at this hour. the january 6th house committee issuing a subpoena to former president trump demanding he appear for deposition testimony beginning on november the 14thch the panel also outlined a request for a series of corresponding documents in addition to that testimony that's now unclear how trump and his legal team will respond to that subpoena. >>> the fbi is warning that an iranian government tied hacker group is active in posing a threat to the u.s. mid-term elections. federal agencies believe the group is currently running operations to hack and leak classified materials of american organizations. >>> and phizer is planning to charge between $110 and $130 for a doze of its covid vaccine once the u.s. government stops buying those shots. executives believe the commercial pricing for adult doses could begin early next year however, the drug-makers expect many people will continue receiving the vaccine fo

everybody, to "power lunch" on a wild day in the stock market i'm tyler mathisen joined by my friend frank hollandll street. we haven't seen this kind of action in months very rare kind of day. stocks falling hard on hotter than expected cpi numbers. that didn't last a turnaround, sharp, steep, this hour we're going to look at what's driving it, as you see that massive turnaroun

. >> let's get over to frank holland who is taking a look at some of the other big movers this morningfrank in person yesterday. nice to see you. >> always great to see you good morning we're going to call this earnings movers this morning shares up 3.5% profit more than 50 cents above estimates. the company said dealers increased their inventories more than twice what they did in the same quarter last year moving on to honeywell, more of a tech company these days. you can see shares are up more than 2.5% after beats on the top and the bottom line, also raising the guidance aerospace where the company gets more than a third of revenue, strongest performer. southwest airlines beating on earnings the company says it continues to be strong demand for travel. strong bookings into q-4 including key holiday time periods. they don't see slowdowns shares up more than 3.5% and the story this morning, meta shares, they're falling hard this morning on the back of earnings. disappointing guidance in addition to rising cost that is have a lot of investors raising their eyebrows meta down more than

. >>> up next, frank holland brings us a special guest.panies and set to hold their investors day today after releasing preliminary earnings after the bell last night and ahead of its spin off of the truck brokerage business coming up i'll talk to their incoming ceo about supply chain, the holiday peak, the spin-off and much, much more. we'll have a tllhat on "squawk we'll have a tllhat on "squawk box" right after the break ♪ ♪ ♪ ♪ ♪ ♪ introducing ihg one rewards. seventeen hotel brands. six thousand global destinations. one loyalty program that lets you guest how you guest. >>> new overnight, reuters reporting that the biden administration is planning to sell oil from the strategic petroleum reserve. it could happen as soon as this week that sale would market the remaining 14 million barrels from president biden's previously announced release of 180 million barrels that started back in may. gasoline prices have been ticking slightly higher. the national average as of this morning is $3.87 that's up 20 cents from a month ago. far below wha

. >>> i want to get over to frank holland to talk about what is moving this morning. >> good morning.f course, earnings crossing a short time ago. shares up more than 2% after a beat on revenue and a beat on eps. we're not giving an exact number right now. leslie picker will have more later today, but the results come after the ceo forecasted the u.s. could head into recession in the next six to nine months. infosys raises revenue and margin guidance and boosting its dividend they announced a share buyback plan in the u.s. where it gets 60% of revenue, growth remains strong looking at travel. delta air lines up more than 1.5% this morning after a big upgrade from cowen the shares could rally as much as 80% saying affairs are higher so that shift bodes well for forward revenue. and nasdaq, shares of the company falling after a big downgrade, setting a slowdown in market tech growth eps growing meaningfully in 2024 but says 2023 will be a bit of a tepid year back over to you guys. >> okay. meanwhile we got a little bit of breaking news in merger land albertsons and kroger plan to merge

shopify hanging on to near 18% gain >>> let's get to frank holland with a news update >> good morningcnbc news update at this hour. a texas man has been charged with trying to smuggle dozens of people across the u.s. border. texas authorities released a video of a truck packed with 84 migrants officials say he tried to bypass a border control checkpoint. >>> kremlin authorities have left the kherson region, joining the 70,000 people evacuated from kherson as ukrainian forces set up to retake that city. >>> poland has torn down four monuments to the soviet union army it's called a condemnation of russia's invasion of ukraine and remove russian symbols since world war ii. >>> a transgender woman has bought the rights to the miss universe pageant in thailand >> thanks very much. >>> get a check on where the major averages stand this morning about an hour into trading. s&p back in the green. 3855, maybe 30 points shy of yesterday's intraday high. dow is up 500. putin giving a speech right now saying at some point russia and the west are going to have some talks -- or need to have talks ab

. >>> meantime, pretty good breadth, all sectors are green let's get a sector sort with frank hollandurth quarter right now. stocks are up mostly higher across the board today energy is the best performing sector to start out the month and q4 after a very rocky september. we're talking names like marathon oil, devon energy and pioneer natural resources, among the leaders there. the move comes as oil jumps in reports that opec and its allies are considering output cuts of more than 1 million barrels per day. that would be the biggest move since the early days of the pandemic and could sendhigher. now i'll send it back downtown to you guys. >>> frank, thanks very much. coming up on "tech check," a lot more on tesla and that delivery. this from q3, shares down 7% that's about a two and a half month low. throughout hispanic heritage month, we're celebrating our cnbc contributors. here's frank del rio >> i've been both very lucky and very blessed to be hispanic and i wear it proudly. being a cuban refugee in the 1960s and growing up in connecticut, one of the things my parents instilled in

. >>> i want to get over to frank holland. he has this morning's biggest earnings movers. rning. we have a fun one, shares of harley-davidson higher up more than 3% after the motorcycle maker posted a beat on the top line and eps profit. 38 cents above estimates north american sales up 18 cents. guidance reaffirmed. turning our attention over to consumer staples kraft heinz moving higher. double digit organic growth in north america and overseas markets. halliburton moving higher this morning. the stock is up almost 2.5%. got an upgrade from wells fargo. analysts expecting sequential year over year earnings and cash improvements wti up about 10 bucks a barrel over the last month. silvergate capital, down almost 2% this is after a downgrade where analysts have a question about downgrade growth price target cut from $108 to 468. shares still up. shares down 2% right now joe, back over to you? >> frank, thanks. >>> coming up, youtube ad sales also disappointing wall street raising broader concerns about the economy. we're going to talk to industry analyst michael nathanson whe

let's get to frank holland with a look at this morning's premarket movers. >> we're going to talk about the morning, twitter. twitter down a percent and a half this is on reports that elon musk and twitter, they're working out those final details to end litigation and close that $44 billion deal to take twitter private. musk is scheduled to be deposed today in austin, texas shares are up more than 15%. actually, up more than 15% week to date. spiking after reports musk agreed to buy the social media for $54.20 a share you've been talking about the moves all morning. he's saying buying twitter was key to creating a superapp that he would call xx shell oil dropping 5% this morning after a week outlook there's an impact of reducing ebitda by a billion dollars or more the country's chemical margins forecast to be weaker. shell posted record profits in the first half of the year bp also down on sympathy, down 2.5% >>> social media site pinterest is moving higher this morning after upgrades from goldman. up over 4.5% right now take two getting a price target raise. goldman seeing potential fo