lady's constituency through the growth deal, and also by moving civil service jobs, creating freeportsa funding for public services. this is a government who will deliver for the people of scotland, and we will do it constructively and collaboratively. >> senate intelligence committee ter mark warner and trade officials explain solutions to countering china's predatory trade practices. live coverage begins at noon eastern here on c-span. at 4:00 p.m., the secretaries of state from michigan and georgia discuss elections and protecting the integrity of the democratic process. that is on c-span on our free mobile video app, c-span now, or online at c-span.org. >> be up-to-date with book tv's podcast about books. with current nonfiction book releases plus the summer list as well as industry news and trends through insider interviews. you can find about books on c-span now, our prima black, or

so freeport not back fully online as quickly as some had hoped.as is now higher. >>> let's switch gears and talk ftx and crypto there are concerns about a contagion risk from the implosion of the former empire joining us now is mackenzie, covering crypto for cnbc you had reports off. you and kate are work are your tails off. everybody is trying to say we're fine, we're fine what is the contagion risk >> we're seeing a push to show a partial look at their books and reassure customers, you can treat an exchange like a bank account. the big worry is people will start withdrawing their funds. so today we saw the binance ceo speaking at the g-20 summit in bali, saying they don't owe anyone any money, and we're starting a fund to up other firms, as maybe one to rescue others. >> isn't that what ftx did >> yeah, we saw how that worked out. >> we're still finding out >> we also heard from crypto.com there's a lot of concern about that exchange. it's not as big as binance, but the ceo basically making a point they have a robust balance sheet, but there are

speaker, we're delivering freeports.ing r&d. and if the labour party is serious about actually supporting growth, maybe should get on the phone with their union paymasters, tell them to come off the sky. he's in total denial. tell them to come off the sky. he's in total denial . we're he's in total denial. we're bottom of the 30 oecd countries who are all in the same boat when . it comes to covid on when. it comes to covid on ukraine and he wants a pat on the. it's like a football match . bottom of the league at christmas celebrates win away draw three months ago and it won't . so let's they don't their won't. so let's they don't their record that's the problem so i don't know the way. why is set to be the first country into recession and the last country out . mr. speaker recession and the last country out. mr. speaker. i'm pleased that the right word which has been brought the oecd report because it contained actually three very important points . three very important points. firstly it made the point that actually in

and freeport said that the expect that initial production will resume in december, but that remains tore some wildcard here to watch going forward. >> we're gonna feel that our bills and in our bones, when i turn this thermostat down to 60, five have, thinks a lot. still ahead, value has outperformed growth so far thi year but my next guest say that trade is getting crowded. time to play some offense. next next that you want to keep in the family... ...or passing down the family business... ...or giving back to the places that inspire you. no matter your purpose, at pnc private bank, we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? ♪♪ >>> welcome back to "the exchange." if you're thinking about adding some value stocks as you rebalance your portfolio for next year, hold on just a minute our next guest says that trade is a little bit crowded. it's time to start playing offense, maybe a little growth joining us now with its top picks, sandy vilari, portfolio manager at vilari and company. you think the next si

dow, nike caterpillar, nike up 6.25% and s&p 500 winners, freeport, the energy play up $10 to 10% andup 9% and este lauder up 9%. the nasdaq winners, s starbucks, lamb research, it's an up day and losing steam and see how it all works out. my next guest decided to take a road trip across wyoming in his electric vehicle. it was a 178 miles trip and it took my guest quite a bit longer than that. allen ohashe joins me now. it took 15 hours in the end. what the heck happened? >> it was part user error and part lack of adequate infrastructure around wyoming. actually the first 178 miles was the first leg of several trips i made that totaled. 2600 miles around the state. i knew it was going to be a challenge. go ahead. ashley: yeah, sorry. what was the user error? >> i just bought this car in april, end of april, and i was going to go on this road trip in may two or three weeks later and had done some reservice connected and have knew a bit -- research and knew a bit about electric vehicles and charging and potential obstacles and i did some preplanning for the trip but i didn't have any pr

big winners on that index are nike, which is up 3%, home depot, walt disney, dow inc, jp morgan, freeporty company. nasdaq winner, idex again inside, fox up there, nice 4% gain and xp semiconductor. all right, folks, new york's governor hochul claims democrat states are the safer places to be. roll tape. >> they have this conspiracy going all across america trying to convince people that democratic states are not stay but democrat states are the safer places. stu: i don't think so. is lee zeldin going to beat kathy hochul because of crime. brian kilmeade is a new yorker and he's coming up shortly. more than a third of small businesses could not pay all their rent in october. which states saw the highest delinquency rates and larry kudlow is coming and you happen predicting a supra aural she lae president next week, stay tuned. ♪ is stu: democrats have shifting their campaign strategies just days before the midterms. edward lawrence at the white house, which issues are they trying to turn our attention to you? >> it's actually the blame game is what they're trying to co. they're trying to

then freeport-background, absolutely searching. also surging, u.s. jobs. the seventh straight month in a row jack: jack: where we annmarie: you can see the 261, 100,000 jobs added to the economy for the month of october. that good news-bad news pays, but investors taking it as ok news, with stocks up 120%. this is interesting. this is the joblessness in the oilfield job. you can see the sector. folks working on oil fields and riggs. you can see that sky high above 10%. during the pandemic, almost 20%. now it is almost at zero. that is really one job sector almost at full capacity. guy: absolutely. we were talking to some of the oil guys last week. certainly saying that. ceos are certainly struggling to find the cruise to man the rates. let's talk about what we have seen today in terms of the data. u.s. employers adding more jobs than expected in october. wages rising. it underscores the resilience of the labor market, despite the fed's aggressive efforts to cool it down. he spoke earlier to the u.s. labor secretary, marty walsh. marty: i think what we are

almost all of yesterday's 12% gain part of the decline comes as it looks increasingly likely that f freeportction will be delayed. it's been shut since a fire back in june. less demand for nat gas. there are a couple notable movers in the energy patch today. marathon petroleum jumping to a record high after the third quarter net income came in at $4.5 billion that's up from roughly $700 million during the same quarter one year ago fellow refiner fphillips 66 also on the move. >> thank you the recent runup in stocks sent the dow to the best monthly performance since 1976 may not last in a new note, barclay's calls the hope rally premature let's bring in head of the u.s. equity strategy with barclay's investment bank. great to you have you on what do you mean the so-called hope rally is premature? >> morgan, our point of view is that there is still a lot of uncertainty. and every market still not factoring in the rapid acceleration of funds which we see. en that is still in the early stages and second, all the correction you're seeing in equity this year has been through a contraction valuatio

so there are opportunities and that will be helpful to companies like i said, freeport-mcmoran, u.s.teel, cleveland cliffs, so, alcoa waa. so i think there are some good opportunities and as in any market there is always positive sectors and negative sectors. it is about making money whatever the market gives us. stuart: ain't that the truth. alan knuckman. thanks for joining us. we always appreciate it. >> thank you. stuart: lawrence with us the movers. the first mover up 3 1/2%. lauren: new data from moderna that its booster may be more effective against the variants better than the original variants. anti-bodies that neutralize ba.4 and 5, 15 fold. if you're in the market for a third, or fourth or fifth shot. stuart: so many people are not. struggling against boosters. doesn't seem like it is happening. hasbro down. >> wow, b-of-a double down grade to underperform. they take the price target from above 70 all the way down to 43. they actually cited something i never heard of. the magic heart game, they made so much during covid and now they have to reduce. stuart: oakley, the sing

hamster 55 years old he lives in freeport, florida but hampshire recently returned a pair of $300 noise canceling headphones and instead is using an old pair that he arty own party plans to get friends and family 30-dollar gift cards this holiday season and set up $100 that he doled out last year. these are big changes in consumer habits because i'll quickly add to this one of the reasons is people are watching their credit card balances go way up. the reason that spending has persisted is because people are putting it on the card. here's a prime interest rates go up it costs a lot of money to carry that balance. people get nervous about that and that is where they say about the pullback i cannot keep putting money on my credit card records household that is a record $16 trillion in the second quarter but is gone upper lot of that 75% is mortgages interest that's pretty much fixed into the lower interest rates. people trying to buy into a mortgage right now are having a terrible time. that leaves $3 trillion in credit card debt that is so susceptible to all this. that 63% of americans a

freeport 31. bahamas, and then the gust as i mentioned over 80 miles per hour nor the kennedy interpret. cape canaveral 79, melbourne 73 miles per hour. and there is the track it. moves fairly quickly towards the big bend of florida and then up towards the southeast. heavy rainfall and we are going to see a nor'easter out of this one for the northeast. and then the power outages the likelihood of power outages for central florida, north florida, and the tornado threat will exist not only for northeastern florida but up towards georgia and carolinas. look at how big this storm is so tropical storm force winds extending 450 miles from the center of this storm. so it's going to be widespread impacts, you know, sun comes up. we are going to see damage. that's for sure. the ground is already saturated for florida because of ian that's my concern as well. >> steve: they just can't catch a break. janice, thanks for keeping an eye on what is now tropical storm nicole. thank you very much. meanwhile, repub

you're at 7% now you've added freeport, which he did recently by the way i believe personally as well >> it's interesting in the materials space i saw such a significant increase it's an agriculture name that has really the highest marks within the industrial -- in the materials sector when you're studying the quality momentum strategy, so that adds to already owning mosaic, archer daniels, midland, and john deere -- it completes increasing the exposure and we've liquidatedexposure to gold now is now at negative zero. that was a slight negative trade. >> you've increased your exposure to industrials versus the s&p of 8.3 definitely going more cyclical here, joe. >> definitely -- definitely going more defensive as well look, i thinkthe only bull market you can find in the market right now is volatility so the market's going in a lot of different places and probably ending up nowhere. where can you find relative out-performance? and if you think for a second the industrial sector i think is down somewhere around 11%. but in the case of cummings, deere, i-dex, cxgp, ameritech, these are

take a look at the s&p 500, freeport mcmoran, up 10%, and there you have your winners on the s&p 500, well starbucks talking of which expensive coffee people are paying it anyway up 8%, i have monster beverage up 6%, skyworks solutions up 5.8 and applied materials also up nearly 5% some of the bigger gainers on the nasdaq. let's take a look at the 10 year treasury yield it's up but only just slightly, up just about a basis point of 4.16% on the 10- year, let's take a look at the price of gold. the gold up today $36 at $1,667 per ounce, bitcoin, well guess what? around 20,000, been there for a long time it seems, 20, 798 on bitcoin up about $600. take a look at the price of oil, yes, it is up, perhaps on china relenting a little bit on the covid policies. its actually given crude a boost up to 92 bucks a barrel, nat gas up slightly, $0.09 at $6.06 meanwhile talking of gas the average price for a gallon of regular right now ink across country? $3.79. there it is but if you have to get diesel, it's a lot more, $ 5.31 that's the average for diesel ink across country. all right coming up s

instead we own the bits and pieces of electronic vehicles, meaning freeport mcmoran and nvidia, so coppern't have to have the stock itself and you wouldn't be caught dead if you could by twitter stock. >> i would not. stuart: would you buy any crypto >> i would not. stuart: sharp expression. >> i've said for a long time that i believe that crypto and bitcoin is not an asset, it's a trading instrument. it was a product of this bubble and what's happening in crypto in my view is very similar to what happened to some of the malfeasance that we saw during the technology bubble. i think this is not going to end well and i do not believe it's going to take the entire market down, because it is not an asset , it's a trading vehicle , and we've just now we're just being reactive. stuart: so, that's a pretty sharp condemnation of the crypto industry. ftx is in trouble. they are insolvent. the other guy won't bail them out, so i mean, does crypto go to zero? >> well if it goes to zero there will some sort of semblance of something there in terms of electronic currencies but i don't think it goes to

just 25 miles east-northeast of freeport in the bahamas. in here, you can see as we get into the overnight tonight, it is slated to go ashore as a category one. it looks anywhere between say west palm beach and daytona beach and then it heads inland. it goes right across florida. and that is, you know, a lot of a big population center there. there is. you can see it is right off the coast right now, throwing some of those showers right onto the shore. now we see those yellows and oranges. that's where those heavier showers are going to be rolling. and so that's going to be a rough ride for them. there's no doubt about it. we'll see how that works out in the overnight tonight. coming back to the bay live look outside. we've had some clouds out there, but it's been a pretty nice day to dry out and get a little sunshine back. temperatures have been cool in the 50's and 60's. well, almost the 60's, right. pittsburgh's at 62 right now, concord at 60 with just 54 differ on 59 in napa and about 55 in petaluma. so as we look at stormtracker 4, you

how the news is affecting the markets here so there's wynn, las vegas sands up on the china story, freeport has been rallying on the china story, as well amd and so the risk-on, semiconductors are having a great week nvidia is up here. and even home building stocks are rally. anything related to home mohawk, lennar have had very good weeks in the last 24 hours what's not doing so well today you can see the news impacting the stock market it's defensive stocks that are down today on this news of what's going on in ukraine so these stocks have had great runs in the last few weeks, but they're the ones that are moving down today brian, back to you >> bob, thank you, have a great weekend, bob appreciate it. let's stay on the markets and your money on this friday. exactly what was yesterday just some kind of knee-jerk reaction to a slightly better cpi print and hopes for a fed shift? or a real turn in sentiment to the upside let's bring in julianne salisbury, global head of goldman sachs asset management, which has over $2 trillion in assets i'm sure your phone, as the kids say, was blowing up w

the s&p 500 this morning you have best buy on an earnings move leading the way agilent, celanese, freeportnalog ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >>> just tesla rebounding ever so slightly today. the stock is down roughly 25%. that's just for the month of november our phil lebeau has more on a name that has vastly underperformed the broader automotive sector, phil. >> easily. by a wide margin, david. down more than 50% year to date. take a look at what's happened to tesla over the last two years. you talk about a roller coaster ride because we're looking at shares now trading at a two-year low. and that had a nice move, you know, it was sort of towards the middle to end of 2020 when you really start to see shares accelerate they've gi

so freeport-mcmoran has been strong financials are outperforming goldman's had a really great month.re not out of the woods we need a lot more meat on the bones for this inflation receding story, but i think people are looking at that a lot more than bullard's, you know, imaginary scenario of what might happen i think the key story is the markets starting to act like, if we don't have a serious recession, at least it's going to be a modest one that's what the market seems to be pricing in. david, back to you >> yeah. yeah good point leads us to the bond market, bob, as well, which is always worth taking a look at, particularly as it may reflect those same expectations. let's give you a quick look. there it is. thank you. bond report. 0.2. spread is tightening a lot take a >> 4.5% you still get for two years. >> that's right. >> take it sell some houses. >> you sold some houses? >> yeah. >> we'll have more on that after the break. another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast busine

and we're seeing great traffic through e-com and stores are full i was at our flagship campus in freeporting lot was full and people were shopping. feeling cautiously optimistic in line with others' projections for the year. >> we heard a lot of retailers the last few days. the dynamics are similar between them and that is, we got goods a lot easier than we expected to inventory is a little bloated now. we'll look at being promotional this season. how much of that makes sense with what you're seeing? >> i definitely hear that and see that from other retailers for sure i think they essentially overbought after last year's high demand. for us, we feel we're in a great place. last year we encouraged everyone to buy early this year we're seeing real-time shopping people coming in, buying now, whether for the holiday or for cold weather for us, we don't play deeply in the promotions game. we're not hung with a lot of inventory. our merchants worked hard to place products on the ticket with a fair price. that allows us to not be too promotional because we know we're delivering high value to cus

sands is up, wynn, freeport.e're seeing other groups out there doing well the energy stocks, like exxon are all moving to the upside look what's down today well, defense stocks have had a really great run guess what they're among the losers on the s&p 500. what does that tell you? doesn't that tell you there's some kind of movement by the market on this russian news, this retreat from kherson meaning something? just looking at the markets and how these things are moving and how they were moving before. let's take a look here on the major indices and what's going on the last few days here's the s&p 500 we're up about 5.5% since the close. the 2-year treasury yield is down about 6%. talking in terms of the yield. and the dollar index is down all of this is moving in the right direction for where the market wants it to go overall. the question of what's the impact on earnings here. all of this is tentative, but so far the impact on q4 earnings is we're flat now essentially tech and communication services have been t

freeport gas liquefaction which burned down in june, where the main supplies to europe came from, doesraws to grab the northern streams have been blown up. at the end of the week, the swedish prosecutor. yunkvist. confirmed the version of sabotage on gas pipelines, the analysis carried out now showed the presence of residual explosive on several found and folk objects. an in-depth analysis is ongoing to be able to draw more thorough conclusions about the events of the german spa town. lookman more lived for decades at the expense of tourists and russian gas, tax deductions from the nord stream that came here filled the municipal treasury , and a year and a half ago here with great enthusiasm, they were waiting for the launch of the nord stream, tariffs for gas and power. today we are back in lubna to stand up for reasonable germany and say that we would like nord stream 2 to be repaired inflation in germany 10.4% of this is not it was early in the fifties and there were no such trade union demonstrations for a long time. in bavaria, local metallurgists and machine builders are demandin

be developing ports without the developing our ports without the ports directive and rather more freeportsbecause we claim to import dependent because . we were going into a because. we were going into a common energy policy which like all their common policies , meant all their common policies, meant that we imported too . i want to that we imported too. i want to start changing all that and that would help offset some of the very deflate forces that we're seeing from bank of england policy and obviously from the energy price rises created by the uk more briefly such on the migrant crisis, how would you tackle it because it's not sustainable is it a thousand people a day at times? no. i mean, take back of our borders was very crucial to winning brexit and it was absolutely central to the that helped us win the election in 2019 and there are two elements to that. i mean first of all they do need, i think, to change the law to and accelerate the processing of applications in order to reduce the numbers in legally and the small boat business they need to change policy towards that. but more

be developing ports without the developing our ports without the ports directive and rather more freeportsbecause we claim to import dependent because . we were going into a because. we were going into a common energy policy which like all their common policies , meant all their common policies, meant that we imported too . i want to that we imported too. i want to start changing all that and that would help offset some of the very deflate forces that we're seeing from bank of england policy and obviously from the energy price rises created by the uk more briefly such on the migrant crisis, how would you tackle it because it's not sustainable is it a thousand people a day at times? no. i mean, take back of our borders was very crucial to winning brexit and it was absolutely central to the that helped us win the election in 2019 and there are two elements to that. i mean first of all they do need, i think, to change the law to and accelerate the processing of applications in order to reduce the numbers in legally and the small boat business they need to change policy towards that. but more

does my right honourable country agree with me that the felixstowe and harwich freeport plan will beunti12:30pm? that sounds like _ jubilee room unti12:30pm? that sounds like a _ jubilee room unti12:30pm? that sounds like a very _ jubilee room until 2:30pm? that sounds like a very appealing invitation to mr speaker but i agree with my honourable friend that levelling up has to deliver for communities in every corner of the united kingdom including in coastal communities in the south, mr speaker. he knows i am a champion of free ports and i will look forward to working with them to see how best we can realise their benefits in his area. . we can realise their benefits in his area, ., . ., , , area. that completes prime minister's — area. that completes prime minister's questions. i let me welcome our guests for this part of politics lives, we have well, that brings us to the end of prime minister's questions but we do expect the prime minister to stay in the house because he is going to be making a statement very shortly, having been to the cop27 climate change summit hosted by the un