well mcccome to "worldwide exch" i'm frank holland. we check on the u.s. futures after the positive move from wall street. we are seeing green across the board. dow would open up 75 points higher and nasdaq and s&p would open up .25%. among the drivers is energy on the heels of the move higher in oil and the best day since april. you see here the energy sector moving 3.5% higher. halliburton and marathon ending the day up more than 6%. this morning, you can see the pre-market with marathon" uu is up .50%. we will continue to watch these stocks. defensives off a banner day with the etf with the best session since november of 2020. leaders include northrop up 3.25% higher. looking at defense stocks in the pre-market, kratos defense is up 1%. the rest of the basket is moving higher. l3 harris up 1%. >>> now turning to treasuries. they were closed for trading yesterday. this morning, a sharp move across the curve as investors around the world are piling into the perceived safety of u.s. debt. the benchmark at 4.65. well off the highs we saw earlier in the mont

good morning i'm frank holland. let's start your day as we kickoff with stock futures we show you they are in the red across the board looking at percentages nasdaq is down 1%. the dow and s&p also in the red. we will talk more about what is going on in a moment this action here after a rough session for stocks yesterday with the s&p fall by more than 1% also the nasdaq now in connection territory it closed down nearly 2.5% its worst day since february the focus of that selloff is on alphabet logging the single worst session since 2020 and the largest decline in market value of $166 billion wiped out. that number equals all of amd or disney shares are lower again this morning. down 2.25% we are watching surging yields.. 10-year treasury is at 4.95% the 2-year treasury is also showing a yield above 5% as well as the long bond. >>> we will have more on the sector in a moment, but breaking news uaw reaching a tentative deal after 40 days on strike. we have phil lebeau with more on the story. phil, good morning >> repor

i'm frank holland. let's look at the final trading day. futures in the green the dpow would open up more than 100 points at this time. the nasdaq with big gains as well as the s&p. a different picture for the month with the averages on track for three h-month losing streak. all this with the fed decision tomorrow with the majority of traders expecting the central bank to keep interest rates unch unchanged. ahead of that, we look at the bond market. the ten-year yield at 4.82%. we want to check the energy market we start with oil. wti up over 1% natural gas is up 1.5% in the early hours rs right now. >>> let's see how europe is trading up with joumanna bercetche in the london newsroom with the action for the month and this morning joumanna, good morning >> good morning, frank the stock market is doing okay for europe we are seeing patching of green across the stoxx 600 it is the last day of the month and we would take a lookback a how october was and let me tell you it was an october to forget. third negative nmonth in a roro. ftse 100 is d

i'm frank holland. let's get you ready for the trading week. we check on the u.s. stock futures with the s&p riding a two-week win streak. futures are in the green across the board. dow would open up 90 points higher. s&p up .25%. the nasdaq is up the nasdaq is up 1.5% for the week. you see the down turn from the down day we were just talking about. it closed down more than 1% on friday. we are checking the bond mrarke. we start with the 10-year treasury. yield is 4.68. off the high of 4.80 this month. down 20 basis points. important to know the 2-year treasury is above 5%. trading at the highest level since 2007. the 30-year treasury is trading at the highest since 2010. this is a read on inflation expectations and investor confidence. >>> it is not just treasuries. investors are looking at gold. looking at the best day of the year on friday. right now, you see it is down in the pre-market. down 1%. the month is up 3%. you see the jump on friday there. last, but not least, oil coming off the best day since april. wti trading at $87.37 a barrel. brent crude down .5

i'm frank holland. let's start the week and the hour with the check on the stock futures on the back of the government funding deal. more on that in a moment. futures are in the green across the board. dow looking like it would open up more than 100 points higher. s&p .50% higher. nasdaq is more than .75% higher. as always, it is early. stocks are coming off a tough september and tough third quarter. the major indices losing between 2.5% and 4%. the s&p notching the worst p performance in years. the bond market here with the ten-year yield. still moving higher at 4.62%. a lot of technical analysts said this is important about the direction of bond yields. look at the two-year note which is back above 5%. that is something we are continuing to watch. here is wti with brent seeing the best quarter since q1 last year. wti is above $90 a barrel. $91.20. brent crude at $92.60. up almost .50%. natural gas up over .50%. we will have more on the price action on crude in a moment. that is the market check. >>> n

i'm frank holland. we kick off the hour with the check of the u.s. stock futures. take a look. red across the board right now. the dow looks like it will open 85 points lower. sn s&p and nasdaq is opening lower. we are coming off a strong monday session and this is the russell 2000 showing strength rising more than 1.5% yesterday for the best day since july. you see the moves right here. big swing here. same story for the dow transports coming off a nearly 2% gain. take a look. up 2%. big swing right there. all this on the back of falling treasury yields. you can see a rate sensitive sector getting a benefit. we are seeing a rise in the treasury yields this morning. the ten-year at 4.74. moving higher this week. the long bond is making the biggest move up ten basis points. this is a read on investor confidence and inflation expec expectations. the two-year at 5.1. last, but not least, the energy sector. especially wti. 8 8 8 $86.79. brent crude is up a .25%. natural gas is muted this morning. different from the recent days up fractionally. >>> that's the set up for the u.s. mar

i'm frank holland. let's start the day as we kickoff the hour with the check of u.s. stock futures after the mixed monday. we see the nasdaq with the four-day lead. the dow is up right now. up 30 points or so. higher for the s&p. as always, it is early. we are checking the bond market with the ten-year marching higher. 4.68. you see the upward move over the last month. these yields moving higher. something we'll talk about later on in the show. we are looking at energy. oil extending recent losses after its worst day since august. look at the wti crude right now. up fractionally. back below $90 a barrel. the move to the down side. a few days ago it was above $90 a barrel. still positive for a month. that is your u.s. set up. we now want to go to europe and opening up in the red after the rough session overnight in asia. joumanna bercetche is in the london newsroom with more on the early action. joumanna. >>> that's right, frank. european indices with a mixed bag. stoxx 600 is coming off a six-month low. we reached that yesterday. the index ending down 1%. we see retai

i'm frank holland. let's start off the trading day with the futures this half hour. futures in the red. dow moving to the down side down 100 points since "worldwide exchange" started. it is looking to open 180 points lower. s&p and nasdaq in the red and moving lower in last half hour. >>> investors are facing a busy earnings season with 30% of the s&p 500 and 40% of the dow reporting. microsoft, alphabet and meta and amazon reporting this week. >>> we will check on the bond market here with the factors on the futures. the rise in bond yields specifically with the ten-year treasury hitting the 5% mark. trading at 5.012%. the two-year note and 30-year bond trading higher as well. let's look at the energy market with the second straight week of gains. you see wti is the benchmark in the u.s. and moving lower. brent crude is trading at $92 a barrel. natural gas is taking a bit of a dip, but in the green this morning. >>> we are following breaking news p iin the energy space. chevron is buying hess for $53 billion. look at stocks this morning. the action here with chevron

i'm frank holland. happy friday. we kickoff the hour with the check of the futures with the averages just trying to hold on to slim gains for the week after a rough session yesterday. take a look. it is a mixed pictpicture. s&p up fractionally. we are also checking the bond market. the yields are ticking back up. ten-year yield is 4.64%. down 25 basis points from earlier this year. the two-year note is back above 5%. the 30-year bond is back toward the 5% yield. we will talk higher for longer later on in the show. we are looking at the energy market. specifically oil. wti is at $85.32 a barrel. up 3% this morning. brent crude is up 2.75%. natural gas is tumbling down more than 1.5%. the flight to safety with the gold on pace for the best week since march. it took a bit of a dip, but broader trend as we see the israel and hamas war heating up. we will talk more about that later on in the show as well. >>> we begin with breaking news overseas and sigh of relief for microsoft and investors. the uk top competition regula

i'm frank holland. let's start off the hour with the check of u.s. stock futures. you see here in the green across the board. the dow would open up 100 points higher. as always, we say it's early. dow and s&p and nasdaq riding a fo four-day win streak and helping to drive the gains is big tech. meta at a 22-month high. up more than 9% since the first alphabet sitting at the 18-month high. that is up 8%. nvidia and tesla and apple up this month. apple up 5.3%. shaking off the pressure that we saw the stock under in recent weeks. all this could change as soon as today as investors await the cpi september report. economists are expecting prices to rise 3.6% year over year. a decline from last month. excluding food and energy, core cpi, economists are expecting a 4.3% gain year on year which is slightly down intlast month. and now we look at the bond market. the ten-year is down to 4.54%. similar for the 30-year bond down 25 basis points as well. remember, this is important. it is a read on investor confidence and inflation expectation. we want to look here now at the

i'm frank holland. let's start your friday with the check on the u.s. stock futures after modest losses yesterday. take a look. we are mixed right now. we are seeing the s&p and the dow fractionally lower. nasdaq higher. we alsoways say it is early. a mixed bag with the s&p on track for the fifth straight week of losses. and we look at the yields with the 2-year treasury still above 5%. you have to look at the 30-year treasury which is creeping up back toward the 5% yield. remember, this is an important indicator for inflation expectations and investor confidence. all of this is the lead up to the september employment report. economists expecting employers to add 170,000 net new jobs last month. that is down slightly from last month. the unemployment rate, however, expected to tick up -- sorry, tick lower to 3.7%. it was 3.8% last month. the energy market here is on pace for the worst week since march. wti below $90 a barrel. brent crude is also below $90 a barrel at $84.03. big moves in the natural gas right now. up 1.25%. something to continue to watc

i'm frank holland. hope you had a great weekend let's check on the u.s. stock futures after the worst day for the dow in four weeks and worst day since august futures are in the green looks like the dow would open up 140 points higher. nasdaq .50% higher investors waking up with a lot to chew on for the week. 30% of the s&p 500 reporting earnings just barely a tick below last week where we should hit the earnings season by the end of the day today. names of berkshire and mcdonald's and caterpillar and apple reporting. also the bank of japan rate decision and the uk rate decision on thursday all that capped off with the october jobs report on friday. ahead of that, we are looking at the bond market. ten-year yield at 4.85%. the two-year yield above 5%. 30 30-year yield above 5% we e are looking at oil $83.95 brent crude down 1.5%. that is the monday money set up. >>> we turn attention to breaking news. let's get to washington, d.c. and a news alert from the white house. eamon javers is standing by with t

i'm frank holland. we get you ready to start your day as always. we get a check on the u.s.tock futures after a mixed session yesterday that saw the dow send its win streak for three days. the dow is in the red. it looks like it would open up 30 points lower. the s&p and nasdaq as well, lower. checking treasuries, normally we start with the 10-year. today we start with the 2-year note, something not seen since 2006. i'm going to draw a line. right now the 2-year note at 5.195 now. we continue to watch the moves on the 2-year. we also want to take a look at the rest of the bond picture right now. the benchmark 10-year at 4.85, trading at levels we haven't seen since 2007. the long bond getting close to a 5% yield. we also want to turn to energy. oil popping to a two2-year high. natural gas under a bit of pressure. same story for gold, rising higher. sitting at a four-week high. gold right now up almost 1% right now. you're seeing a sharp decline since the start of the israel/hamas war, a lot of investors turning to gold as a safe haven. we want to continue to turn or attentio

i'm frank holland. we pick up a check on u.s.three major inabout disease coming off a third day of straight gains f. they're solidly in the green. the dow would open up about 50 points higher. the win streak even longer for your the small cap. the russell 2000 rising more than 1% yesterday. you see it right there, its fifth straight day of gains, putting it back in positive territory, you see it right here. importantn't to note, the small caps are trading below their two-day moving average. we'll have comments from michelle bowman that despite progress on inflation, the central bank will probably need to tighten monetary policy further to restore price stability. we also want to get a check on the bond market this morning following bowman's comments. we begin with the benchmark ten year at 4.56. still well below its year-high. also important ornlt to know the 30-year, this is a good gauge on expectations of inflation and also investor confidence. we also wantlet to look at the energy market. we begin with wti, down, taking a dip

state of freight right now for the fourth quarter and beyond joining us now is our inhouse expert frank holland with xpo ceo mario herrick help i appreciate you being here. the earnings and a nice stock move you said, frank, the one-year anniversary of him taking over how are you able to execute during this extremely challenging freight environment? is it just market share gains from the struggles of some competitors? >> kelly, we had a grit quarter in the third quarter and they executed really well so we have improved our efficiency over time so we would be able to handle more freight for our customers and higher prices and importantly record service quality and we are excited about that for our customers, as well. >> so, mario, kelly just referenced it. a year ago i talked to you as you took over the ceo of this company and i want to dig into in of the numbers and we're showing it, and tonage up 3.4% what was the catalyst for those gains? >> starting first with pricing, the big catalyst for these gains has been our improving service product. we exited the third quarter with the company record

i'm frank holland. let's get you ready to start your day. we kick off the hour with the checks on u.s. stock futures. in the red across the board. the dow looks like it would open up 30 points lower right now. this after the dow posted its worst day since march, falling nearly 1.3%. similar story for the nasdaq and the s&p 500. both of them closing down. 1.8% and 1.3% respectively on the day. we also want to look at the russel 2000, negative for the year and seen as a leading indicator of a possible u.s. recession. you see the move -- this is dow transports. dow transports dipped below the 200 day moving average. you see the move on the far right-hand of the screen, year to date up, but falling for first time since june. all of this, we continue to track. the five, the ten and the 30 trading at their highest level since 2007 with the 30-year long bond hovering right around 5%. i'll move this circle off the screen. 4.93, something we continue to watch. 30-year seen as an economic indicator by many economists, seen as a look into also inflatio

our frank holland is watching some of this as the index, at least, frank has not been pretty lately. some big downturns coming from the transports transports are off the highs of this year, unperforming the s&p 500 and the nasdaq transports are seen as a recession indicator if we see a sustained downturn trend or the index turn negative. so the next 24 hours could be a major inflection point we had earnings from old do dom dominion, those shares lower norfolk southern also lower. ups reporting tomorrow here's what we know, rail volumes down 4% year to date a modest upswing nearing the holiday season but rates are more than 20% lower for trucking year to date. the bankruptcy of yellow averting rates that's the strike averting the price action that's why it's rethink how he look at the transports billie -- bill lee says. >> if you can isolate the company specific events. >> here's a look at where the dow transports stand you can see they're up 3 almost 4% year-to-date. yesterday up 6% year to date interesting 24 hours if you believe the transports can give us an indication of the upcom

i'm frank holland. >>> check on u.s.utures after that wednesday's stock hop, right now however we're seeing red across the board at session lows right now the dow looking like it opened 130 points lower, the s&p and nasdaq both lower. >>> we're also looking at the bond market, yields slightly off yesterday's highs. benchmark 10-year 4.74. 2-year still above 5%. lot of downside movement when it comes to 30-year, the long bond right now at 4.88. yesterday it was inching closer to a 5% yield. we want to talk about oil, coming off its worst day in more than a year. brent and wti both below 86. brent crude, the international benchmark down just about a half a per cent. more of a move of natural gas to the upside. moving higher from earlier in show. >>> now we want to look ahead to some earnings. constellation reported its earnings about two hours from now, earnings are up from april. overtaking bud light to become the top-selling beer in the u.s. revenue and earnings to increase. and margins to 33.2%. constellation has target

i'm frank holland. we kickoff the hour with the stock futures and we are following breaking news. we are seeing future under pressure as investors across the world follow the latest from israel and what is described as the biggest conflict in the region in more than 50 years. futures are red across the board. all three indices down .50% or more. the dow would open up 170 points lower. it is very early. treasury markets are closed today. a safe haven trade is underway as we watch gold and silver pop. platinum up over 1%. we will watch these trades throughout the morning. we are watching key global currencies. the swiss franc and the japanese yen with more investors moving toward them. they are in relation to the u.s. do dollar. the yen is in the red right now. the investors are going to the franc and yen as a safe haven. >>> oil is moving in the green. wti is up 3% this morning. below $90 a barrel. brent crude is flat at $87 per barrel. up 3%. natural gas is moving up over 2%. that's the look at the u.s. markets. we with we will have more in a moment. >>> let's look internationally

i'm frank holland. let's start the day off with the check on u.s. stock futures. take a look here. you can see red across the board. dow would open up 125 points lower. s&p and nasdaq are opening up lower as well. after the major averages in two weeks with the dow closing down nearly 1%. the s&p and nasdaq losing more ground. still worse for the douse w tra f ports closing down 3.2%. this is seen as a recession leaning indicator. >>> that sharp move lower is topping bond yields with the ten-year yield hitting the highest since 2007 and hoefveri below 5%. 4.979%. the move in yields is moving borrowing costs. look at the 30-year fixed mortgage rate at 8% for the first time since 2000. up 22% this year alone. you see it right there. bringing all this back to wall street and tesla ceo elon musk tying the rate risk and uncertain macro picture on the company's earnings call last night. gauging the impact on it could have on his company and other companies. >> i'm not saying things will be bad. i'm saying they might be. i think tesla is a capable ship. we need to make sure if the macroeco

i'm frank holland. we kickoff your tuesday with the stock futures after the mixed day yesterday. the s&p closed down for the fifth session in a row. look at the board. green across the board. the dow would open up 100 points higher. however, the futures are off the highs from the early this morning. they may be higher right now, but small caps are not as we continue to watch the russell 2000 trading at a fresh 52-week low. look right here. you see it is down almost 5.5% this year so far. you see the slide accelerating in the last couple months just right now. we want to look at the bond market. that was the big story yesterday. sharp reversal in yields in the last 24 hours as the ten-year bond pulls back from 5%. this morning, 4.82%. a 20-basis point slide to the down side. sharp move to the down side right there as you can see. we want to look at the energy sector coming off the $50 billion chevron-hess deal. wti is $85.65 a barrel. brent crude up .25%. we are watching bitcoin. bitcoin partying like it is july. above $30,000. $34,070. up 9% this morning. sharp move to the upside

i'm frank holland. let's start the day as we kickoff the hour with the check of the stock futures. right now, lower across the board. dow opening up 30 points lower. nasdaq taking a leg lower. s&p is flat. this after a rough session for the averages which saw the dow, s&p and nasdaq close nearly 1% lower. the dow transports and russell coming off sharp declines. they are on pace to extend the multiweek losing streak. the dow down over 1%. the russell is hard hit down 1.5%. fed shchairman jay powell is making a case there is likely more work to do. >> we have models for everything. we have formulas for everything. as a pra practitioner, we have see what the economy is telling us. >> check out the action with the s&p 500 yesterday. during the course of the powell comments which kicked off at 12:00 p.m., the market was moving sideways at 12:00. during the speech, it spiked. there were climate protesters that delayed the speech. you see a spike here. later on, you see the dip to the down side. this is later when powell struck a hawkish tone. you see the markets moving lower throughout

i'm frank holland. happy friday let's kick off the hour with the check of the u.s. stock futures. the dow would open up 100 points higher it's early this comes after another rough session for stocks yesterday which saw the s&p 500 close at the lowest level since may falling more than 1% for the week, every major index is down 1% or more led by the nasdaq eyeing three straight losing weeks red across the board the nasdaq is the hardest hit. s&p down 3.5% week to date a big part of this is microsoft and alphabet losing on the week and shedding combined $190 billion of combined market value since monitor the entire market cap of comcast, salesforce, mcdonald's or netflix. we are checking the bond market with a look at yields. ten-year yield at 4.87%. the 2/30 is seeing above 5%. we are also looking at energy. the u.s. benchmark wti at $85.07 a barrel the middle east tensions elevating the numbers. natural gas is the biggest gain up more than 3%. that's the set up for the u.s. markets. this morning is two stock winners. amazon and intel impressing the street after reporting the latest

i'm frank holland. i get you ready to start the day as always.ck up the half hour with a check on the u.s. stock futures. the dow looks like it would open up about 50 points lower, moving to the highs this morning. however, the nasdaq under some pressure this morning, down over half a percent. we want to pay attention to bond market. the 10-year yield, 4.85. still well below the 5% yield we saw in recent days. continue to watch the 2-year and 30-year, both right around 5%. the 30-year bond, the long bond hovering just below 5% yield. we want to talk energy, specifically oil. wti, the u.s. benchmark trading at $83.94 a barrel. brent crude back below 90 bucks a barrel. natural gas taking a move, a bit of a reversal, up over a quarter of a percent. it with us in the red earlier this morning. that's the setup in the u.s. markets. time to get back to your two biggest money movers this morning. of course, we're talking microsoft and alphabet. the two stocks are moving in opposite directions despite both of them beating quarterly top and bottom line est

. >> marty freeman, ceo of old dominion, thank you for being here with us >> thank you, frank holland, for that snapshot of the transports. another earnings interview coming up, ceo of royal caribbean raising guidance on strong travel demand. >> southwest says it will plan to slow its capacity growth next year they do cite moderating demand shares have rebounded a little bit this morning, but awfully ayitusinye ls. ne-arow st wh when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's yours free, just for calling the number on your screen. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free, and there's no obligation. you see, medicare covers only about 80% of your part b medical expenses. the rest is up to you. t

frank holland at the half. >> thank you very much. welcome to the "halftime report."or the judge. we begin with breaking news, fed chair jerome powell about to speak at the economic club of new york and let's get to steve liesman. steve, over to you. >> thanks. in a speech or opening statement that turns hawkish, turns dovish, the fed chair says continued economic strength could warrant further tightening of monetary policy. inflation, he says, is still too high. he does note the string of

frank holland has been rounding them up and he joins us right now with some of the headlines obviouslynies this morning, too, frank. >> we will start with the big oil earnings we will start with exxon, beat on revenue but miss on eps you see shares are still up about a quarter of a percent you had the ceo on the show in the last hour. here is what he had to say about the quarter. >> the important thing is the cash comes in the quarter with the activity, and we certainly saw that in this quarter one of the reasons we beat consensus on our cash by about a billion dollars is the activity we had in trading and, frankly, performance of the overall business >> all right another big oil company reporting, that's chevron. you can see shares down about 2.5% after a beat on revenue but a big miss on eps. profit was 19% below estimates you can see right here chevron shares down 9% since announcing a $50 billion deal to acquire hess also we have another earnings mover, that's sanofi plummeting. dropped 25 targets after announcing a plan to spin off the unit that ceo on "squawk box" earlier this mo

frank holland at the half. >> thank you very much. welcome to the "halftime report." i am in for the judge. we begin with breaking news, fed chair jerome powell about to speak at the economic club of new york and let's get to steve liesman. steve, over to you. >> thanks. in a speech or opening statement that turns hawkish, turns dovish, the fed chair says continued economic strength could warrant further tightening of monetary policy. inflation, he says, is still too high. he does note the string of stronger data saying shows the strength of the labor market. he repeats his comment a return to 2% inflation is going to require below trend growth and softening in the labor market. but before you think it's all hawkish, it is not. he goes on to cite risks of doing too little or too much with policy. he notes the stance of policy is restrictive and has helped to bring down inflation and to reduce growth. he says because the fed hiked rates so quickly there may be meaningful tightening in the pipeline. financial conditions, he says, alluding to the high rates in the bond m

biggest problem that we have lived to, because what they have now done with the songs of frank senator and zoli hollandon’t know what macartney will do now, because he announces the launch of a song with artificial intelligence, because when they rethought the musical track of john lennon, and he synchronizes it with himself in a concert, vo- queen smerkuri were the first to do this before, but in any situation they launch a video stream, that is, they identify the sound anyway with the video image, because this unconsciousness of schlager’s work is the most important sacrament for music, for a song, because if we... someday any of us producers, musicians, promoters, if we knew the law of creating a hit, we would kill the industry, but on the other hand, because people themselves related to this industry open pandora’s box, yes, that is, that’s how much i it’s known that recently artificial intelligence is already supplying an entire radio station with content, soul, music needs soul, well, look what ’s happening to cinema when it turned into big video clips, yeah. and where is the godfather, where is

i'm watching frank holland this morning. the ten-year is holding. it ought to be a nice day.he dow is up. and then slowly step-by-step, inch by inch the ten-year falls. then next the futures are down. the analysts are now -- the tune they're singing is negative for pretty much everything because why? margins, but really the subtle reason is because they have to keep track with the stocks themselves. they're cutting -- remember when things were good and they were raising the price target? now they're cutting the price target. i have yet to call valueless because that would be slamming a whole profession. >> okay. >> except for adam jonas because he continues to entertain. and dan ives because he's plain out funny. where does he get that stuff? men's warehouse? >> he gets it all over the place. >> that stuff is hard to find. i was at marshall's. it's hard to find. he understand the real game which is upgrade, downgrade, things like that. jonas correctly talks about how much you lose per red caribbean -- >> follows automobiles and comments constantly on evs. >> he's enjoyable an

we had some numbers this morning, i was watching on frank holland's show. it's 1% down in new york.hat's not -- that's not going to cut it. jay powell wants to see housing rolled back a little bit more. it's up 40%. rental, you need more apartments built. i think that he wants to see more good numbers in a row, and i can't say this is a good number. >> people were hoping for a 0.1% and you do have 0.1% if you take core ex-shelter, and people are looking at some of the new rent data and that will eventually get folded into these monthly numbers. >> and i think energy. but i just think that what happens is that you hope that other things make it down and make up for it, and you don't. look, rent -- it is true that there was an amazing number of apartments that were starting to be built after covid, and they should come in line, and then you're going to have it. but why jump the gun? why look and say, you know what? it's going to get better. you have -- it has to be better, because otherwise, what's going to happen is there's a chance that he lowers or does nothing, and then it goes ba

let's get over to frank holland.remarket movers. >>> this morning, we are looking at amazon and microsoft. shares in both companies are moving lower. the competitive regulators are launching a new probe over market dominance in cloud computing. microsoft shares have moved higher but amazon shares down a quarter of a percent. it's all about making competition balance. these regulators estimate microsoft and amazon have 70 % of the uk cloud market. amazon under pressure. microsoft moving higher in the premarket. to the energy market. exxon shares were moving lower after guiding for q3 profit to $1 billion due to higher gas and oil prices. the oil giant said seen bigger margins in the chemical business. exxon shares down one and half percent. rypien shares are under pressure despite estimates coming in land with forecast with $1.3 billion. shares are down nine and half percent moving lower in the premarket. what appears to be weighing on the stock is the low end of guidance came in below estimates. also announcing $1.5

. >>> we want to get over to frank holland. he's taking a look at this morning's premarket movers.nd andrew, we're going to start off in the biopharma space. down about 2.5% after pfizer cut its full-year eps, specifically the drug maker taking a $4.6 billion charge on paxlovid. at the same time, jeffries actually upgrading pfizer. you don't hear this very often, the note titled you got to zig when they zag. a more than 20% upside from where it's trading right now. shares of pfizer down more than 2.5%. >>> lululemon moving higher as the upscale retailer is set to join the s&p 500 on wednesday. shares are up 5.5%. lululemon is going to replace activision blizzard required by mft microsoft. lulu announce dpeloton. goldman sachs taking a look at two homebuilders. they start with an upgrate of dr ho horton. you can see shares are fractionally higher right now. analysts say they expect dhi to grow closings by 6% next fiscal year and take some market share from their smaller rivals. also seeing a downgrade of kb homes. bigger move here, down almost 2.5%. almost moving into neutral. analy

. >>> in the meantime, let's get over to frank holland with the premarket movers. >> bank of americaer they beat on revenue and profit, 10% above estimates. and better than expected on the other side of the ledger, bank of america reported 131 billion in unrealized losses. shares are up 1%. the bank of america ceo will join us on squawk on the street at 10:00 a.m. this morning. >>> and johnson & johnson stock up 1%. profit came in at 5% above estimates. j&j reported a $21 billion gain from the spinoff of its consumer unit, and shares up over 1.35% now, and microsoft is being initiated by loop capital as a buy with a price target of 425. shares are down right now about.25%. and then microsoft has been an out performer in q4, and shares are down right now. andrew and becky, back over to you. >> frank, thank you for that. >>> in the meantime, let's talk markets and how investors might want to think about the conflict in the middle east as well as some of the earnings reports. our senior investor strategist from edward jones, good morning to you. a lot of folks are trying to figure out w

i'm frank holland with this morning's premarket movers.ustry, shares of united down almost 5%. almost 5% right now. under a lot of pressure this morning despite a beat on revenue and eps. soft guidance is weighing on the stock after united warned higher fuel costs and pause on flights to israel would hit current quarter profits. and ceo scott kirby will be here on "squawk box," with a first on cnbc interview coming up in just about 30 minutes. moving on to the chips sector, asml falling after a miss on revenue and beat on eps. shares down over 2% right now. however, it is really guidance that appears to be weighing on this stock. forecast is for flat growth in 2024 with the ceo calling it a transition year. the cfo added customers are getting more cautious with orders. shares of asml down 2% right now. all right, third, we have a possible deal in the retail space. some movement in the retail space, vf corp. down half a% percent in the premarket. but yesterday up 14%. you see the big spike right there. it is moving higher on news activist i

. >>> let's get to frank holland with a look at this morning's premarket movers. >> good morning, becky. we're going to start with rivian getting an upgrade from evercore. it has the vertical integration to potentially compete with tesla. they combine hold about 40% of the global ev market. shares are up 40% right now. a price target $30, about a 20% upside from where it's trading r right now. >>> nvidia called the top shovel supplier by analysts and goldman sachs. they're adding the chip maker to its conviction list and saying data center demand is a major tailwind. it also says nvidia has a wide mote with ai chips. shares are up more than 200% year-to-date. we're also looking at fedex getting an upgrade to positive by susquehanna. analysts are bullish on cost cutting efforts and save pricing power for e-commerce remains strong. you can see fedex shares are up almost a half a percent in the premarket. they're up 2% since u.p.s. announce add tentative deal with the teamsters. becky, back over to you. >>> frank, thank you very much. we'll see you a little later this morning. >> thank you

i'm frank holland with this morning's premarket movers. we begin with apple.y bank as analysts cite high valuation and slowing growth in their note. they say apple gets 37% of revenue from the u.s. and analysts are forecasting a fourth consecutive quarter of sales declines with specifically iphone revenue falling 2% in their estimates. shares of apple down almost 1% in the premarket. >>> moving on to chips, intel shares moving higher after plans to spin off the programmable chip unit into an ipo in the next two or three years. you can see shares are up almost 2%. they said theunit would operate as a stand alone business as of january and its financials will be reported separately during earnings. intel up more than 35% year to date, but still under performing the broader chip sector. >>> we want to lockok at bond yields. we'll start with the benchmark ten-year, 4.78%, easing a bit, at highs we haven't seen since 2007. forecasts from bill gross and jeffrey gundlach we could be headed to a 5% yield on the benchmark ten-year. right now at 4.78%. also the 30-year

. >>> time to check in with frank hol holland. >> now, apple moving to the number two spot.seeing an 8% slide over the last month on concerns about china restrictions and regulation impacting a major resource for alphabet for making google the default browser. and nvidia moving higher this morning, up fractionally, a 66 upside from where the chipmaker is trading right now. this morning we are also watching stocks for the big three u.s. automakers. ford and gm announced additional layoffs yesterday as the uaw enters the third week of their strike. ford set idle at two factories, and they laid off roughly 330 employees as the negotiations and talks continue. back over to you. >> thank you very much, frank. we will see you later. >>> coming up, today is day one of the criminal trial of former billionaire, bankman-fried. >>> and kevin mccarthy is under pressure to vacate his position as house speaker, and he will join us at the top of the hour live on "squawk box." it's an interview you do not want to miss. we will be right back. since my citi custom cash® card automatically adj