we're also lucky enough to watch jay's buddy arsenio hall open for him , which was a surprise. no one knew that he was going to be there. but this is a place where jay has performed every sunday night for several years and, uh , the people who have seen him there for several years years say it was just like the old j back on stage to show how much positive attitude can help and once healing it's kind of cheesy, but it's also true. right? comedy. laughter is the best medicine, right? some serious burns. you saw those pictures. i mean, he could have lost his life comebacks in the burden center two weeks later and say, i'm gonna have a good laugh about it and make jokes about it and show up driving is just a testament to who jay leno is and who will always be right circumstance exactly are so glad to see friend of the show jay leno. fat smile their action blendjet■s black friday sale is on now. save up to 25% on the number one gift this holiday season. blendjet 2 portable blender gives you ice-crushing, big blender power on-the-go. throw in your favorite ingredients and blend up a

jay powell wants to see this thing down considerably.not think the economy is suffering but voters do. without a doubt number one issue boeing into the midterms. this bring as mind from "cool hand luke." what we may have here folks, a failure to communicate. former white house chief economist joe lavorgna, brian kilmeade. not an economist, but the host of "one nation," author of another best-seller, "the president and the freedom fighter." just time for thanksgiving. out of paper back. we're lucky to be celebrating it. >> absolutely. charles: the reason why you guys work well together this all to me boils down to leadership, a lack of leadership and a lack of confidence in leadership. i will start with you since jay powell is the man of the week, man of the moment and has been the man of the year honestly. he came out swinging yesterday. what was that all about? >> i want to add, charles, a lack of faith in institutions. >> another great point. >> the problem i have with transparency and jay powell doing his best to communicate the fed i

he's jay leno. he's walking around, and he's cracking jokes and really an ideal patient said he hoped to be back on his feet in a week or two, but his doctor said he told him he needs to step back. let it will be undergoing hyperbaric oxygen therapy here at the growth in medical center is doctor saying he feels like it will be back to work soon. zorin shah abc news los angeles real housewives of beverly hills star denise richards and her husband's or and her husband are recovering after a road rage shooting in los angeles. reports say the couple were traveling to a studio in another driver got impatient, screamed at them and fired a bullet into the back of their truck. the couple were not injured, but said they were shaken up. no police report was filed. richards reportedly worked a full day after the incident there. okay coming up coming up short on santa clauses from department stores to events y finding a good santa it's really hard this year and move over elf on the shelf. you've got some compet

i know you will be zeroed in on the commentary from jay powell. what will you be looking for in particular from that language from jay powell? madison: the good news is that growth is holding up. the bad news is that that pushes the fed further out in terms of how much it needs to employ interest rate hikes. what i need is not so much if we get confirmation of the move, but what is the rhetoric surrounding that move? do we get a sense of the lack affect, potential interest rate hikes ahead? is there a potential pause coming? inflation is still too high and too broad. the markets are flirting with this idea of a potential deceleration. tom: they are, indeed. if they want to go there, that is going to be on top of mind for jay powell. how much of a risk is that? madison: i agree. jay powell is keen to avoid that type of scenario. telegraphing the shift to a dovish pivot. when i think about what that means, we need to stay central. this is an incredibly acute environment. the interest rate is two times we saw -- i think that is enough to cool growth

the big speech, jay powell on labor economics. tom: we are expecting further commentary from jay powell. spanish ibex is up. in the u.k., the ftse 100 gaining 0.2%. the month of november has been the best month for the ftse 100 in around two how things are plg out cross as a. the dollar is a big talking point, the worst month i'm about 12 years, we continue to watch the fed, and the commentary from officials like fed chair jay powell. futures stateside pointing to modest gains of .2%. gains for the single currency in europe, 1.03, and inflation data out of france coming in higher than estimates. we will get the all-around figure for the euro zone later on. the u.s. 10-year 3.73, a move of 11 basis points, and more action in terms of sovereign debt in the euro zone on the back of that inflation print out of france. money moving out, yields up for the boones and btp's. brent $84 a barrel, we will discuss that later in the show. i'm the lead up to opec+. officials on the u.k. are looking at relaxing the ring thing thing -- fencing. b

i think jay told you you'll probably have to stay here a little longer. the fixed income bull story is just a little bit less comexcitg after this meeting. >> so karen said cash over bonds, cash over stocks, still think the dollar has fight left. does that make sense to you? >> i'm not that excited about that trade you do get paid 1% and 4.5% on cash pretty soon so it's going to look ttractive. i think you're getting to the point where you can play the ranges in the equity market a little bit more comfortably, down 3,500 to 3,600, the lows we hit in june and recently hit i think are more buying targets sara and i think jay's going to make it hard on the market like he did at jackson hole at 4,200, 4,300. he's going to say if you really want to take it up there, i'm going to try to get inflation down faster. you're going to need that opportunity. so some opportunistic disinflation if you will i think you've got ranges settling in here i would be more likely want to play range trades especially with high volatility like this than i would be to just go park

coming up, fed chair jay powell says u.s.est rates will go higher than earlier projected and take longer to get there. we assess the impact with the institute of international finance. find out what further aggressive rate hikes will mean for asian economies. this is bloomberg. ♪ xfinity rewards is a program whose sole purpose is to say "thank you" with experiences big, small and once-in-a-lifetime. sometimes it's about cheering hard enough to shake the stadium! sometimes, it's as simple as movie night right here at home, on us. you mean the world to us. so we're bringing you closer to what you love. kinda like this. welcome to 30 rock! join xfinity rewards for free on the xfinity app today. our thanks, your rewards. >> today everyone here is our policy industry by .75 of one point. michael is iris truly committed to bring inflation back to the were 2% goal. if we do not get inflation under control because we do not tighten enough, now we are in a situation where inflation will become entrenched. we have the tools that we nee

comedian jay leno set to entertain a live audience for the first time since suffering serious burns whileking on one of his beloved cars. what he's saying about the accident as tickets sell out in just hours. >>> good morning, america. thanks so much for joining us on this sunday and it's so great to see jay leno getting back to performing, doing what he loves. >> seeing that he's okay. >> exactly. >> after a scary accident. >> sure is. >>> we'll have more on that coming up. we have a lot to cover though, rush hour is, it's on, close to 50 million people hitting the roads after holiday gatherings, here's a live look at the traffic in dallas. >> and slow going out there right now, same thing here live at newark airport. lines looking pretty if you're heading right now. but air travel as well as on the road expected to pick up. air travel just shy of pre-pandemic levels for the holidays, about 300 delays into or out of the u.s. so far. barely any cancellations. >> team coverage this morning, abc's elwyn lopez inside hartsfield-jackson airport. >> reporter: right now, security lines moving q

there's some developing news about late night tv host jay leno. the comedian is recovering in the hospital tonight after suffering serious burns. police say one of his cars burst into flames in a garage at his los angeles home. this happened without warning over the weekend. reporter nancy loo has the latest. >> 72 year-old talk show legend jay leno is a renowned car collector who is known to spend his weekends working on them. the incident that hospitalized happened yesterday inside is la garage. in a statement the hospital said jay wants everyone to know he is in stable condition and receiving treatment for burns to his face and hands from a gasoline accident in his garage. he is in good humor and touched by all the inquiries adding he is in the best burn center in the united states. leno is expected to recover. >> they are serious burns. >> but it and it may a lot of treatment, but it does not appear to be anything that's going in pear him permanently. details about the incident are not yet known, but the accident has forced leno to cancel all

what the president is now asking tonight. >>> and jay leno tonight, and >>> and jay leno tonight, and the jokes on him. there's nothing like hitt the waves. there's nothing like volunteering. but my moderate-to-severe eczema can make it hard. now i'm staying ahead of it. dupixent helps heal your skin from within. so you can have clearer skin and noticeably less itch. serious allergic reactions can occur that can be severe. tell your doctor about new or worsening eye problems such as eye pain or vision changes including blurred vision, joint aches and pain, or a parasitic infection. don't change or stop asthma medicines without talking to your doctor. ask your doctor about dupixent. ♪ [christmas music] ♪ ♪ ♪ weathertech gift cards have the power to wow everyone on your holiday list. offering a variety of american made products. weathertech! nice! like floorliners... cargo liner... tablet holder... boot tray... cupfone... sink mat... pet feeding system... anti-fatigue comfortmat and more. order the weathertech gift card instantly for the perfect gift at weathertech.com it's nice to unwi

that's not what jay-z represents. we need mass movements against structural m racism and it's not what jay-z is trying to build. i think we confuse together them movement for political and economic power as long as we realizeal one of the walls agait achieving true economic power is political repression. i think that's where booker t. washington reallyse messed it. it's how do you expect to build power in the broadest sense not in terms of just a few people but the broadest possible sense as long as politically and look what's happening now whether it's anti-critical race theory bills or the voting rights suppression gerrymandering. these aren't only just political attacks on our political rights that it affects people's ability to be economically mobile. we have to be able to look at these two things and i'll say this for colin kaepernick i've attended his camps for young people in one of the things that is always dressed as this idea of financial literacy. he gets experts to talk with young people about things like

jay powell lays out a slow and steady rate hike path. he sees no signs of over tightening. the u.s.ollar source, equities fall, yields. we try to find out if the fed breaks the rest of the world before it breaks the u.s. type feel like powell put it well yesterday. how much, how long, how fast? i feel like even central banks are looking at rates on a different way based on those questions. guy: the bank of england looks like it is in a different position now. they delivered the same rate hike, the message complete the different. the bank of england does not want to over tightening. the fed is prepared to take that risk. let's deal with the data. we have seen the slowdown in manufacturing. we got that from the ism earlier and are now having confirmation via factory orders, which come in at a headline level. you take out transports, that is soft, same with capital goods. ism services are down from 56.7. they are still north of 50 but softer than anticipated. alix: going to brink in michael mckee. what is happening to service crisis is key to the inflation story. mike: the numbers went

jay powell was signaling to slow down. come really moved the markets, whether they were warranted or not. kiwi stocks are up i just about .5% at the moment. we also saw that big move when it comes to the dollar index as well fall into the lowest since august. a14 basis point decline, 10-year treasury yield's as well playing out across the asian bond market session as well. also watching out for not just a positive up in japan but also mainland markets and hong kong. a downside when it comes to the morning session. we have been hearing from sam bankman-fried giving one of his first interviews into what went wrong at ftx, speaking to the deal books, new york, he told attendees that there were mistakes that he would give anything to do all over again. >> whenever it happens, however it happened, i had a duty to all of our stakeholders, our customers. i had a duty to our employees and investors and the regulators of the world. to make sure that the right things happened at the company and clearly i did not do a good job of tha

>>> investors are awaiting comments from fed chair jay pow. and later judy shelton, economist and th iauors going to tell us what she expects to hear from jay powell. you're watching "squawk box" here on cnbc. >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. go. go green. go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. dolly varden silver is advancing their high-grade undeveloped asset in bc's prolific golden smartriangle. the propertyle. includes two past producing mines, and over 135 million ounces of silver equivalent. dolly varden. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small busine

like i said, i hope i pronounced it right, jay.ular installation. >> you got it right. it's the second time we've actually been here. we went here years ago, we stopped here and then we went to an airfield in afghanistan. we've been all over. like i said, fox is behind this, and, you know, the military for me is very special. you talk about joey jones before, i know him through our foundation. we help put together combat vets and and former pro athletes together in transition after the uniform comes off. will: right. >> the military for me, those are my brothers and sr.s -- sisters, i love 'em. will: vikings taking on the bills at one, my cowboys in america's game of the week take taking on the packers at 4 eastern. make sure you check out local listings. it's a big today tomorrow -- >> mike mccarthy going back to green bay. will: that's right. got a little emotional. as we all will watching you from qatar tomorrow. we'll look forward to hearing the broadcast tomorrow. >> thank you. god bless america. will: exactly right. thank you

equity futures are doing this ahead of jay powell. it takes us back into jay powell's speech and does he say anything really different? are we supposed to act surprised if he tells us rates will go higher? yvonne: we are cementing expectations. this is the last week ahead of the quiet period. jim bullard yesterday repeating the call for fed hikes. the pricing continues to be very much around 50 basis points for december. we will see if it changes. rishaad: just having a look at the month's end and taking a look at some of this price section we have been seeing. jim bullard repeating his call for interest rate hikes. these are some of the data we have been putting together. run us through these, david. david: it has been stellar. the dollar's worst month in 12 years. rishaad: these currencies absolutely crushed of late. this is the pmi reading we had. the composite 47.1. manufacturing really contracting . we were looking for 49, we got 48. yvonne: it is really bad. this is when we saw those record number of covid cases. it goes to show

48, 47 -- to jay powell. right back right after this. at adp, we use data-driven insights to design hr solutions to provide flexible pay options and greater workforce visibility today, so you can have more success tomorrow. ♪ one thing leads to another, yeah, yeah ♪ what if we wanted to electrify all of this... 100% carbon free... is it possible? ♪♪ aes has been leading energy transitions for decades... and is partnering with the worlds leading companies to decarbonize industries... cities, and nations. even the internet. is it possible? can we reliably power the things we love and green the planet at the same time? yes... aes. >>> welcome back just a couple of minutes away from fed chair jay powell's remarks. but no matter what he says, the housing market is already feeling a big impact from rate hikes. mortgage applications fell again last week. they're down 41% from a year ago, pending home sales fell nearly 5% from september to october, down 37% from a year ago. and by the way, that doesn't even take into account all the canceled con

jay powell moving the needle a little bit today.imply love the fed to simply go away. >> i'm a big believer, it is not the news, but how markets react to the news. excuse me, october, the date we gapped up nine hundred points the market ran off of the inflation number. now you got this. so this is good news. you're getting some decent reactions. if we can break above the last three weeks highs, we've been very tight range for the last three weeks, we're going to have another leg up into the end of the year but you need a closing move above for the s&p, nasdaq, and nasdaq 100. today goes a long way for that to happen. we can get here talk, what he says, how he says it. i weep that one man's whims and thoughts is going to move in a 20 trillion-dollar economy and 40 trillion-dollar market. it just boggles the mind. charles: began with the greenspan briefcase. all i'm saying. we're looking at a briefcase, folks! our life is depending on a briefcase. you talked about the nasdaq 100 versus the s&p. let's just put that in perspective becau

, over— our federal reserve, jay powell, over there — our federal reserve, jay powell, over there.l, over there. people are now- our federal reserve, jay powell, | over there. people are now going into the _ over there. people are now going into the winter— over there. people are now going into the winter worried _ over there. people are now going into the winter worried that - into the winter worried that mortgage _ into the winter worried that mortgage costs, _ into the winter worried that mortgage costs, credit - into the winter worried thatj mortgage costs, credit card into the winter worried that - mortgage costs, credit card costs, auto loan — mortgage costs, credit card costs, auto loan costs _ mortgage costs, credit card costs, auto loan costs will— mortgage costs, credit card costs, auto loan costs will all— mortgage costs, credit card costs, auto loan costs will all be - auto loan costs will all be increased _ auto loan costs will all be increased. we _ auto loan costs will all be increased. we are - auto loan costs will all be increased. we are not. auto loan costs will

jay-z is trained to build. i think we can fuse together the movements of political and economic power as long as we realize one of the walls against achieving true economic power is actually political regression. i think washington and his descendents really missed it. how do you expect to build black power in the broadest possible sense, not in terms of a few people but in the broadest possible sense as long as politically look what is happening right now the anti-critical race theory or whether the voting rights oppression, the gerrymandering, these are only just political attacks on our political rights it affects people's ability to be economically mobile in society. we have to be able to seize these two things. i'll say this calling, in these camps forgot all, one thing we stressed this idea as financial literacy, there's sessions that they talk with young people and they get experts to talk with young people about things like like nutritional literacy, i'll never forget being in chicago. there was a coupl

jay, thank you. >>> the u.s. is currently grappling with multiple gun tragedies happening so close together. there are new details tonight in the lgbtq nightclub shooting in colorado springs. the suspect made their first court appearance today, expected to face murder and hate crime charges for allegedly killing five people. the city paying tribute to the five victims, unfurling a 25-foot long pride flag at city hall. just hours before the shooting, the suspect's mother posted a chilling message on facebook. abc's chief national correspondent matt gutman is in colorado springs. >> reporter: tonight, the alleged killer in the colorado nightclub massacre appearing in released from the hospital. 22-year-old anderson lee aldrich, seen via video conference, slumped over in a chair. you can see the injuries to the face and head. >> could the defendant please state his name? >> anderson aldrich. >> reporter: the suspect facing charges for first-degree murder and hate crimes. d.a. allen, was there a concern that he would

. >>> jay leno's doctors before the cameras today. what they're saying about leno's condition, his injuries, and the surgeries, after being significantly burned in a gas fire in his garage. >>> and the new images coming in already tonight from the artemis rocket. the stunning view of earth while on the way to the moon. >>> good evening and it's great to have you with us here on a wednesday night. we begin tonight with that horrific scene in l.a. county. a driver going the wrong way slamming into a group of 75 law enforcement recruits who were on a morning run. 25 recruits were injured. five of them in critical condition tonight. the neighborhood waking up to the chaos. police cars and ambulances rushing the injured to hospitals. some of the recruits saying the car may have been going up to 40 miles an hour. that there was no sign the car slowed down. the suv hitting the recruits and then slamming into a lamp post, landing in front of an elementary school. tonight, what we know so far about the 22-year-old driver. abc's will carr on th

he shares his love for hot rods on his show "jay leno's garage."'s take celebrities for roads in his vehicles. the last show took joe biden along for a ride. leno was set to make a conference yesterday in las vegas. he did not attend. "people" magazine obtained an e-mail that was sent from conference organizers to the attendees which stated "his family was not able to provide us very many details but there was a serious medical emergency that is preventing jay from traveling. all we know is that he's alive. so our prayer goes out to him and his family tonight." again, leno said that he suffered serious burns and he's okay and he needs a week or two to get back on his feet. charles? >> charles: good news. battle lines being drawn in georgia. both sides digging in ahead of the senate run-off. does the money flooding in prove there's a lot on the line? with the top border official stepping down, what does that mean for the border numbers that are not slowing down? and i'm going to tell you about exciting medicare advantage plans that can provide broad

he shares his love for his cars on "jay leno's garage."n his show, his takes celebrities for rides in his antique cars. the most recent episode jay leno took joe biden for a ride. leno was set to make an appearance at a banking conference yesterday in las vegas. he of course did not attend. "people" magazine obtained an e-mail that was sent from conference organizers to the attendees that stated "his family was not able to provide us very many details. there was a serious medical merge that is preventing jay from traveling. all we know is that he's alive, so our prayer goes out to him and his family tonight." from that statement that i mentioned, he says he's okay. so like many across the country, they're praying for his recovery right now. martha? >> martha: thanks for the update. christina coleman in los angeles. so president biden's big moment with our number 1 adversary, as president xi emerges for the first time after three years of lockdown this china. republican mike gallagher on what he sees as an already cold war with china. >> i'

our best wishes go to jay today.e about the suspect in that deadly university of virginia shooting after he was taken into custody just a short time ago. police nabbed former football player christopher darnell jones, jr., more than 13 hours after he reportedly gunned down members of the team while they returned from a field trip. three students were killed, two others wounded in the late night attack near a campus parking garage. no word on a motive, jones was known to law enforcement. darrin porcher is joining us now, darrin, a chance to chew over the evidence in this case so far. what are you thinking? >> this is a really unfortunate circumstance. first, my heart goes out to jay leno, i hope he heals. but when we speak to the testament of this particular situation, we are going to do what we refer to as a backwards investigation. meaning the investigation is going to start where the shooting occurred and go back to the point where this suspect left his house with the intention of shooting and killing these people

what is the jay powell playbook?a han joins us now. >> what we need to see is the fed will not be tone deaf and see if the inflation trend is starting to come down and they will ease their foot off the gas pedal which is different than pressing the brakes. also communicate the message that inflation could last quite some time and not jump ahead and price in those rate cuts too soon. guy: if you look at it the other way, the labor market is superstrong and financial conditions are easing in the consumer is out spending money, mortgage rates are coming down. i assume all these things are not what the fed wants to see if it wants to win the battle against inflation. >> you bring up a great point. is this odd situation where good news can be bad news for equities and the economy is very strong. perhaps chair powell and the fed have to do more and get more aggressive but if we are starting to see indicators, particularly in consumption, you see people are starting to use credit card lines and you are seeing the excess spe

investors are waiting down jay powell's speech today. that is ahead of the former new york -- as the former new york fed president and the st. louis fed president called for more rate hikes to tame inflation. joining is paul dobson. again, the markets have a singular blinkered vision, going for rate cuts at the pivot next year. underestimating the trajectory of the fed, are they? or and -- ignoring fed speak for now? paul: i don't know whether it is deliberate or not. but it makes you think the message powell will deliver will be very tough on getting rates higher and keeping them there and not backing down. that is what the fed wants us to believe, that it will do everything it can to get inflation under control even if that causes hurt in various asset markets. it is pricing in lower rates towards the back end of next year. that is the position the bank of america strategist recommend. within the analyst community there is skepticism over whether the fed will be able to stick with what it is saying and keep rates up. dani: ahead of the

a strong move despite the fact that jay powell made it very clear that he is going to tighten. it could hurt the economy. and that could hurt demand for commodities. annabelle: that's right. given what you said, it really is not surprising that we are looking like we are heading into a risk of session. new zealand, online, trading like this. we did just get pmi data out. the final ratings for october. we are still in contractionary territory. the composite at 49.8%. of course, this is all about the reaction to the fed today. he did mention that move we had in the front end of the treasuries curve. we are seeing that in the short duration bond space and asia as well. let's take a look at what's happening in fx. how the dollar is trading against the g10 peers. we did sort of see that knee-jerk reaction, the drop lower for the dollar. a subsequent move higher as they flagged the peak for rates that is nowhere in sight, looking across the g10 space this morning. kathleen: let's get a little bit more deep into that. i think markets were expecting what they were going to do. 75 basis

this is all after fed chair jay powell delivered a 75 basis point hike for the fourth time in a row and admitted rates will top out higher than expected >>> investors are bracing for a one t one-two punch from the bank of england. >>> and elon musk gets set to pull the atrigger on the cost cutting measure that could cost employees their jobs. >>> and the china stock market rebound ends as beijing reiterates support for zero covid policy we have reaction ahead it is thursday, november 3rd, 2022 you are watching "worldwide exchange" here on cnbc >>> good morning i'm dominic chu in for brian sullivan let's chieck on the stock futures. stable dow imply lower 16 points. s&p down 5 and nasdaq down 25. not bad. it is not great. this is all after a wild swing for stocks the dow moved 1,000 points from the high point to the low point only to end the day sharply down lower. we got a nice move higher and the fed rate announcement and move to the lows of the session down 506 points by the time things were said and done. it was worse for the s&p and nasdaq ending down 2.5% and 3% respectively fed ra

jay powell said a 75 basis point hike seems a done deal. we look at how the fed gets to price the market and bank of america sentiment indicates it's at its lowest level since 2017 which could be a contrarian sign for stock rose but the s&p 500 rolls over to the lows of the day. a big warning from a shipping giant, maersk says a weaker global economy and -- is here to stay. from new york, i am alix steel and welcome to bloomberg markets. as we go through the morning, the jolts number poses a tricky thing for the fed. guy: it makes you wonder which will be the biggest influence this week. i think we should focus on this today but when we think about the bed, we've got to factor in where we are starting from. i was the market positioned? we've seen the run in stocks and how much have we priced and what have we priced? those are key questions because only then can we start to answer the question how could the fed surprise? i think we need to set the groundwork so let's try to do that throughout the program. let's start k withriti gupta and ira

jay is tired of the bustle of the city and went to live in the suburbs. hello girl, maybe it's like a hornbeam here. i am satisfied. i wake up every day and do business and worry, because of what they had to eat all the time, now i will be healthy and warm, like green grass. why sometimes, bitch, there is no grass water either everywhere and some kind of sprint. sometimes you need to mow the grass. sometimes you need to clean things orders. yes was not thrice after cooking before brand. rides and the other does not hear what they said american i'm here to answer soon. no. i am not fully 30 years old. i left 2 years 1 year. and well, uh constantly more than anything. i was here for the third day, he is 25 years old and 30 i was here. well, you support the policy of russia, i have children, there are 19 years old, and they sent another country to travel. therefore, according to the rules, we must wear a white coat to wear a watch factory david henderson stewart was born in new zealand well, grew up in the uk in the nineties and wanted to be here stay. well,

bennet: thank you, jay. thank you to cmu for hosting this tremendous event with cpr and the great daily sentinel. it is great to be back in grand junction. when i have traveled colorado, the most beautiful state, and my opinion. it is easy for me to summarize my town halls the last 10 or 14 years. people saying michael, we are working hard. no matter what we do, we cannot afford some combination of housing, health care, higher education or early childhood education. a reflection of an economy that for 50 years worked well for the top 10% of americans, but has not worked well for a out of 10 coloradans or nine out of 10 americans. we have to change that. in human history when people lose a sense of opportunity, someone inevitably shows up to say i alone can fix it, as donald trump did. he did not fix it, but that is what he said. you do not need the rule of law, you should expect the public and private sector to be hopelessly corrupt and bankrupt. that was what he ran on, the dark vision he won on. i am deepl

time to check the pulse and we begin with jay leno's return. he was back on stage last night.how at a southern california comedy club came just two weeks after he suffered seriousburns while working in his garage. leno was offering up laughs even before he got inside the comedy club national choir got the story all wrong. they said. i was in the hospital because nancy pelosi get me in the head with a hammer. that's not what happened. okay, let me ask you this. are you nervous? got two shows tonight regular and extra crispy. ah leno also said he never thought of himself as a roast comic fans gave him a standing ovation before his show and after next proof, it's getting harder to speak to a real person at customer service . frontier airlines is the latest company to eliminate its customer service phone line now on customers need to use an online chat tool or social media. next a florida woman is suing a major food company, claiming she's been misled by a mac and cheese recipe. the lawsuit claims that craft fibbed about the amount of time it takes to make velveeta mac and cheese

our next guest says not to take jay powell to seriously. guess you have to contrast with what we heard from the boe overnight trying to manage market expectations that they think are too extreme going forward. does this just emphasized the challenges for central banks that they have only so much data to work with right now? >> that's exactly it. they are as a grunt about the future as anybody else. the way that chair powell, what he was doing was trying to play good cop bad cop investors. he had the policy statement come out that was interpreted as being dovish because they might not pause but at least slow things down. then maybe the compromise that he struck with the rest of the committee was that then he would go out there and deliver hawkish message. when you listen to the details about what he was talking about, he was almost like rehashing old arguments. to prove that they really don't know what they're going to do next. there effectively flying blind. he shouldn't burst ash pretend as though they're going to push rates higher when th

i hate to tell you, jay powell needs to really be hit over the head with a lot of these numbers. of learned so it definitely gets the market off to the right start of believing a couple more pieces like that. there's two cpi numbers in front of the next fed meeting so maybe two numbers will work but i think powell is serious about this jaw boning brigade he's on, and so i think you'll have to wait a couple months until we hear powell at least come back to maybe of the more okay now we'll wait and see and let the economy breathe. charles: let's talk about the mega cap names because they are front and center all year long. right now apple believe it or not has a higher market cap than meta, amazon and google combined but here is the thing in the past week, retail investors sold 130 million of meta, sold 122 million of amazon , they sold $112 million worth of apple and bought 137 million of google. so ken, i mean, of these names are any of them attractive to you? >> so my favorite long is apple and by the way, you look at last week, we have the kind of survivor, the tv show, someone

chair jay clayton.lk about the collapse of ftx. >>> then later we talk to phil murphy take a look. the dow in the green nasdaq up 75 ghp looking to open 18 points hier "squawk box" returns after this. >>> i'm not surprised this happened there really is no -- as far as i'm concerned, no rules or laws. it's like the wild west. >> does it feel illegal? we'll see. it feels immoral >> we feel we're trapped in a dysfunctional relationship with crypto and we want out. >> not all companies are like this just like the traditional financial system, you have a company that goes bad and not representative of the whole. >> when you give somebody your token and they go down, you will stand in line at a bankruptcy court. >> if you are going to have the crypto asset, it needs to be nobody else's liability. you need full transparency to it that's what bitcoin is that's what ftt was not. >> it is frustrating we have basically a situation that looks like theranos >> get back to the drama of the week you see what we're tal

jeff bezos and jay-z maybe teaming up.k goodness, they have actually set their sights on buying an nfl team and we're going to tell you which one, we'll be right back. ♪ i'd like to thank our sponsor liberty mutual. they customize your car insurance, so you only pay for what you need. contestants ready? go! only pay for what you need. jingle: liberty. liberty. liberty. liberty. let's dive in! but what about your back? it's fineeeeeeee! ugh! advil dual action fights pain two ways. advil targets pain at the source, acetaminophen blocks pain signals. advil dual action. before... & bath fitter. before.. & bath fitter. if you have a "before" bath, now's the time to call bath fitter to get a beautiful "after." with our unique tub over tub process, there's no mess or stress. spend smart on a beautiful new bath done right, backed by a lifetime warranty. join over 2 million happy customers who know: it just fits. bath fitter visit bathfitter.com to book your free consultation. ♪ ♪ (fisher investments) in this market, you'll find fi

sure why -- that's not how it works >> look, brian i think jay's message has been pretty steadfast ideviated even in the beginning of the year he was trying to tell you, look, i'm going to go after this inflation got worse. he went after it harder. i think his credibility sits at a high, high level a lot of people want to talk about it being lost. the dollar is strong the curve is inverted. gold can't get out of its own way. the break-even inflations measures like five-year, five-year, those are all range bound. so, you know, this is mission accomplished on anchoring inflation expectations and i think it's not -- he's going to declare victory, he's going to say, i need to keep making sure -- or what does he say? keeping at it, which is the title of paul volcker's memoirs. i think he's going to keep at it i can't except that jay is going to be a softy going into christmas. we're going to slow down we're not going 75s every meeting for forever. we're going to have a period where we get to watch the lags come and do what it's supposed to go. slow things down. >> that's it and it's a rea

jay o'brien joins us live tonight. jay, we know walmart is trying to help those families and the community at large. tell us about the thanksgiving dinner they have planned. and what the store is doing beyond that. >> reporter: yeah, linsey, they're off oring those meals and con selling sessions. we saw whole families go in there together today for help. others tell us they are still shellshocked, they do not want to go back to that store. the sign of the kind of mark a shooting like this is leaving on more and more cities across the country. linsey? >> jay, thank you. >>> the recent mass shootings are causing president biden to once again call for a ban on assault weapons, saying he will try, despite the odds. called the owners of club q in colorado springs, where five people were killed over the weekend. they offered their condolences, and then he addressed the press, specifically singling out weapons like the semiautomatic handgun used in virginia. >> the idea -- the idea we still allow semiautomatic weapons to be p

we need mass movements against structural racism and that's that what jay-z is trying to build. i think we can fuse together the movements for political and economic power, as long as we realize one of the walls against achieving true economic power is actually political repression. i think that's were booker t. washington and his defendants really the ship descended from mystic. how do you expect to build black power in the broadest possible sense, not in terms of just a few people but in the broadest possible sense, as long as politically, look what's happening right now with its it at that critical race theory bills or whether it's the voting rights suppression, the gerrymandering. these are not only political attacks on our political rights. it affects people's ability to be economically mobile in society. we have to be able to fuse these two things. i'll say this for colin kaepernick, i've attended his camps for young people, and one of the things that is always stressed is his idea of financial literacy. there's sessions that he talks with young people are actually gets ex

i called for jay jacob's resignation a year ago and i still hold that position. let's put this question to sochie nnaemeka, the director of the new york working families party. that is a line on the ballot. you could vote for, for example, if you wanted to vote for governor hochul again, could vote on the democratic nine or you could vote for her on the working families line. sochie nnaemeka, if you can address what aoc is pointing to, the legacy of andrew cuomo and big money, donors, and lobbyists who still control the democratic party of new york. >> good morning. series of failures and failed strategies at the state level the result in an election that does not have to be disclosed. the civil member talks about the origin story of cuomo's failed districting -- lead to low participation general election. [indiscernible] ultimately, the top of the ticket is not performing at a high level, it is impossible at the down ballot level. republicans taking seats across long island, upstate new york. there a failed strategy. it is a crisis of democracy. unless you are e

fed chairman jay powell front and center as investors await new comment and hints on a possible policy pivot. >>> unrest in china once again as police clash with protesters over covid restrictions and lockdowns. now beijing is stepping up its rhetoric live from the bahamas, former ftx sam bank man freeld set to speak today about the run-up and eventual chance of his firm with many questions still unanswered. >>> plus, reading the tea leaves ahead of opec's big production decision this weekend with oil near one-year lows. >> and then later on, apple ceo tim cook looks to make some new friends in washington ahead of a january power shift. it is wednesday, november 30th, 2022 you are watching "worldwide exchange" right here on cnbc ♪ >>> good morning i'm dominic chu. if you look right now, we're seeing a slight bid to the markets. the dow is roughly higher by roughly 40 points, the nasdaq up by 389 38 very modest, but it's green for now. the dow is up nearly 37.5% this month and on pace for the first time in more than a year the nasdaq continues to lag. down marginally, on pace for its th

thomas james and he ended the rampage that killed at least five people and jinjured 19 others here's jay gray. >> reporter: as the investigation continues, for the first time we're seeing the faces of the five lost in the attack at the club q >> i'm asking everyone in our community and around the world honor each victim. >> reporter: and their families reeling from their loss. >> it's just a fightnightmare tt you can't wake up from i keep thinking it's a mistake, they've made a mistake and he's really alive >> reporter: some here struggling in the wake of the massacre >> you never think that anything hike this is ever going to touch you. you think you're miles away from t it, but you're not >> reporter: the suspect will likely face charges including five counts of first degree murder and five counts of bias-motivated crime, causing bodily injury. >> he went ie with a definite mission >> rorter: a mission once unthinkable. now the source of unbearable pain jay gray, nbc news, colorado springs. >>> tragic news out of indonesia. at least 162 people have been killed after a magnitude 5.6 ear

jeff bezos could need partnering up with rapper jay z, they are interested in buying an nfl team. the details on that. draft kings reported their earnings this morning. they had a blowout quarter report 136% increase in revenue. the ceo, jason robbins, will be on the show to talk about it. we had a 251,000 jobs last month, business owners say they are still struggling to find workers. edward lawrence has the report from the labor department coming up next. ♪ good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimi

joining us now is jay clayton.ard at american express since last week -- since the last time we spoke to you, we saw the new ceo say never seen anything this bad. but he tempered that a little. maybe he realizes he's got a dog in this race at this point and he said maybe there are some viable businesses, maybe we -- some people will be made whole what do you make of all that, jay? >> look, joe we're learning what a lot of people have been saying for a long time which is offshore financial institutions or institutions that are purporting to be financial institutions just don't have any of the basic protections that we have here in the u.s. customer funds are not segregated, leverage is not regulated, the ability to engage in multiple conflicting activities is unfeathered and that's what he saw when he got there. in addition to the lack of records and governance if you look closely at what you're seeing around this situation, the entities that are regulated, some of the entities inside of the united states and some o

let's remember that jay powell explicitly referred to the u.s. not just as tight overheated, and did to cool off so we can see wages not continuing to rise and see some leaf on inflation in the coming months. 195,000 is the estimate for payrolls, a step down from 263,000, but we will watch provisions from past months. that will be another thing that goes into this assessment on just how hot operation is, unemployment expected to go up to 3.6%, still a 50 year low, tighter than the fed things that it needs to be in order to bring down inflation. a lot of people think it needs to be 4% or higher. average hourly earnings, 0.3% monthly basis, but over the year at .7%, but if you putting in context, for the pandemic -- before the pandemic it was half that. a couple of other things to put on the table, jobless claims, the latest numbers went down. that is another number not showing any signs of a market getting softer. just last week we saw a survey that looks at how many job openings there are. it did not fall to 9.8 million in october, it went up to

we are expecting to see the fed raise rates by 75 basis points, announce that today, at 2:15 pm earn jay powell will have a press conference at 2:30, interest rates 10-year treasury fractionally moving at level 4.046% on 10-year this morning, also, we are waiting on adm employment report we get numbers estimates call for 159,000 jobs to the economy see if a market mover earnings cvs hiem anna reporting this morning cva beat expectations on earnings and revenue, humana beat on earnings per share missed revenue stocks mixed this morning, stocks lower yesterday s&p nasdaq down 4 of the last five dow industrials down 80 at 4:00 on wall street nasdaq down 97, oil this morning on the move to look crude is now off a third of one percent at i'm sorry brent up a third of a percent 94.97 price of crude 8.66 right now european markets, trading lower fhrn down nine 1/2 cac quarante down 13 dax down a fraction 6 points lower in asia overnight mostly green across the board although weak spot japan, big o movers in hong kong, hang seng up 2 1/2%, all with six days until the midterm elections back in u.