i'm kelly evans.veland fed president loretta mister says inflation is still above the fed's goal, so is the market premature on betting on rate cuts next year? we'll ask her directly when she joins us in a live interview, just ahead >>> our market guests sees a potential for stocks to do better than expected next year, only if two key conditions are met. >>> luxury is weak, butd beautys strong you can still tweet me your guess. we'll talk to the ceo about the consumer trends he's seeing. before that, dom chu is back with the numbers >> some modest moves right now the dow industrials down 106 points, 1/3 of 1%. the s&p 500, sitting right at 4500 on the nose just about flat on the session, down two points. at the highs, we were up about nine, and down 15 at the lows. so a modest move for the broader indecision and the s&p the nasdaq, 14,101 the luxury end of things taking their cue from across the atlantic the uk listed shares right now down 11% revenue growth lower than expectations the company saying

i'm kelly evans. 24 hours ago it looked like sam altman was going to microsoft. now maybe not.have the latest and why a mass migration of open ai workers to microsoft could become a legal headache for the tech giant >>> is the market rally running on fumes or not? we'll tell you what our analyst says, and how you can take advantage of the upside. >>> and should corporate pensions make a comeback our guest says yes it's good for workers and corporate budgets. he'll join us later on to make his case before that, let's hit the markets with dom chu we have a selloff pattern again. >> but we're here session highs if that's anything the bulls want to hang their hat on. the s&p 500 down about seven points right now at the highs of the session, we were down six points so, again, down 22 at the lows so that gives you an idea of the range. it's been down, but tilttiltdina little higher. dow off 58 points. the nasdaq off 2/3 of 1%, 14,197, the last trade there one place to watch is crude oil prices we're seeing a near term rebound, although in a medium term or down trend crude prices off

alongside kelly evans, i'm dom dom dominic chu.one-half of %. similar percentage decline for the s&p 500, which sits at 4363. and the nasdaq composite down about 54 points, again a similar percentage decline, 13,595 kelly, we're going to get right out to steve liesman with headlines on the fed >> thanks very much, dominic fed chairman jay powell speaking at an imf research conference, will say that -- excuse me one second here. he will say that the -- if it becomes appropriate to tighten policy, that further we will not hesitate to do so. the fed will move carefully, he said, judging

i'm kelly evans. here's what's ahead, black friday spending came in weaker than expected, but cyber monday is strong and perhaps the strongest category of all is buy now, pay later. is that a good sign? is that a symptom of stress? either way, it's a headwind for certain retailers and we'll discuss it all with the ceo of klarna in an exclusive interview ahead. we'll talk to goodwill's digital storefront who said secondhand am whys online continues to outstrip demand and the late of the read on housing that shows those 8% mortgage rates department buyers on the sideline last month and there were two other data points in that report that may bring them back into the market. we'll tell you what they are and when it may happen. let's start with the markets, though. as mentioned, the dow is down 75 and dom chu has the numbers. >> kelly, this is right now just about near session highs, believe it or not. the s&p 500 which is currently at 4556. we are down two to three points and just about flat on the sessi

i'm kelly evans. here's what's ahead. elon musk once again in hot water over his tws tweets. musk has insisted he doesn't care what others think there's only one thing that would change that, he tells us what that is ahead >>> plus, has the fed won the inflation fight but lost the recession battle our guest says yes one does, but the other says no. that debate coming up. >>> and china's chief retail apps they're playing by different rules and gaining market share from u.s. brands we'll look at the names most at risk but first, let's get to today's market with dom chu. >> sit a mixed bag, but the gains we're seeing is modest joefr all for the s&p. believe it or not, if we stay green for the s&p, it would be four straight days of gains. the dow just about flat on the session. 34,921 the s&p 500, 4511, up three pointing again, we were up roughly five points at the highs, down nine at the lows. that gives you an idea of the trading range. the nasdaq up seven pointis. it's been an eventful week when it comes to interest wrates. just a little above 4.44%. we have seen a massive ful

i'm kelly evans. here's what's ahead. did today's cip numbers put cuts on the table and clear the way for a year-end rally we seem to be getting one today. our market guest says yes to all of this, that it's not too late to get in. he's eyeing one trade at a specific time to make it >>> plus, investing overseas there is a lot of opportunity right now, just not in china we have what part of the world to be bullish on >>> and diet drugs have been weighing down the drug trade, but burnstein says upside. >>> let's start with the rally fueled by the softer cpi report. you can see the dow up 1.4%. the s&p up 1.9% and the nasdaq up 2.3%. and the small caps, you say the nasdaq gain is impressive, the russell 2,000 is on base for the best day in over a year, up 4.6% today. the yield on the ten-year reversing to the lowest level, brings us back to about september. where is the ten-year? 4469 watch the two-year, too. let's dig a little further into that cooler than expected inflation print. consumer prices unchanged from the month p

i'm kelly evans. here's what's ahead.d yields are moving decidedly lower today, decemberspite a mi bag. but a key indicator held at hard landing levels. and the richmond fed survey reported a surprise contraction and some dovish remarks from the fed's christopher waller. >>> and the biggest winner from holiday spending so far is the internet and e-commerce. cyber monday spending soaring 10%, the total dollars bigger than black friday. e-commerce stocks are up as a result. affirm is up 20% in the past two sessions. we'll talk to an analyst who upgraded the shares. >>> indue it, foot locker, we'll give you that story, the action and the trade. let's start with today's market action and dom chu has the latest numbers. green still, dom. >> but we've seen both sides of that line. with this market, we were down at one point today, up so far right now. just in the middle of the trading range so far. the dow up 65 points, about 0.2%. the s&p 500, 4553, up about two points. just about flat on the session, but at the highs, we were

alongside kelly evans i'm jon fortt.kets react to the fed decision and the chairman's press conference. yields tumbling as markets seem to think the fed is done hiking. we'll break down what that means for stocks. look ahead to the next big event, apple earnings. plus, rising rates have made buying a house more expensive quickly. what that's done to the real estate market and discuss the battle over broker fees. >> and that's a juicy one. let's get a check on the markets speaking of juicy, the

i'm kelly evans. here's what's ahead.was just on stage at microsoft's ignite event he's going to get on a plane to meet with president xi but first he joins us live he's here on the company's big chip announcement, ai, china, that and much more we'll get the first live pictures of president xi and biden this hour. both countries competing for the global future. our guest says if you take a clue from recent xi speeches, a showdown of historic dimensions could be ahead >>> and with two days until the government runs out of money again, well, no longer but we'll speak live with phillip swagel about what needs to change and if america can get its fiscal health in order the s&p is up 2% on this two-day run, adding about 0.2% today, the dow up a third of a percent. the nasdaq lagging somewhat. and the s&p is now up almost 10% from its intraday low of 4103 at the end of october the nasdaq is up 10%, as well in november so monster moves that we have seen yields somewhat rebounding with the ten-year around 4.55 after retail sales

i'm kelly evans. here is the good news.lds are dropping and here's the bad news, yields are dropping. if they drop too much it could pose a whole new set of problems for the fed in the markets and we'll look at how and why you want to be positioned now. plus do lower rates mean better prospects for housing? our analysts say yes, even with recession risks growing he's here to explain. defaults in the private credit space that market also keeps going and we'll talk to the lenders about rates and returns and recession risk there. first, let's get today's numbers after a very hot week for stocks, dom chu. >> best of the year so far, kelly. that's how hot it was last week and we're starting to show signs of cooling off just a little bit. it was a decently, solidly positive day. still green across the screen, and just about flat on the session. the dow industrials just about flat, up 14 points and at 34,075 and the s&p 500 off one or two points and flat on the session and a 0.1% gain for the nasdaq composite. just to give you som

i'm kelly evans with tyler mathisen. >> welcome, everybody.we enter this final 60-minute countdown to the central bank's decision on interest rates, a pause once again expected today, but it's jay powell comments that investors will be paying close attention to. less what they do, more than what they say. we have team coverage from the stock market to the bond market to the economy and how rising rates affect the consumer. and representative brad sherman and senator kennedy will join us to talk about the legislative challenges ahead, this as the clock once again started ticking towards that potential government showdown. >> a lot of moving pieces for the markets today. the dow up 25 points, prefed. the s&p up a third of a percent. nasdaq up a half percent. lower rates have to do with the complex. we have economic data that was largely on the dovish end of things. we'll big more into that later. look across bond yields where you can see the ten-year note is now 4.82. the two-year looked just over 5, and the 30-year is 4.985%. >> it was here ear

i'm kelly evans. here's what's ahead this hour.uld the fed give credit for the fall in inflation? a new article says no. at best, they kept it from getting worse. we'll debate that and talk about why rates may have to stay at these levels longer than the market currently thinks. >>> plus, two ways to play the trend of people being stuck in homes they bought with low mortgage rates. we'll talk to two ceos. we'll look at what that tells us about housing globally. >>> disney, affirm and insta card reports. but first, the latest numbers. dom chu, it's been a weaker picture. >> we have lost momentum throughout the course of the day. right now, it's across the board. the dow down about 1/3 of 1%, 34,050, down about 100 points. the s&p 500 currently sits at 4368, down about nine to ten points, one quarter of 1%. to give you an idea of the trading range today to gauge where we are right now, we were up roughly 13 points at the highs and down 19 points at the lows. so we were positive modestly at one point and have drifted lower. the nasdaq

i'm kelly evans. ahead this hour, the curious case of the american consumer. healthy? not healthy?ms to depend on where you look. pets is still very strong, helping one stock soar nearly 20% in a week. we have the name and ceo ahead. and then travel, entertainment, conventions, another area of strength, leading to a solid third quarter for one name. the ceo joins us ahead, as well. >>> but then, there's the new york's fed report showing dlin again sis rising in some areas, and one guest suggests a rough holiday quarter ahead. we'll look at which market strategy to deploy. >>> let's start with that report out of the new york fed on household debt and credit. delinquencies are still below prepandemic levels but jumped significantly from the second quarter, going from less a half percent to 3%, with a large uptick with borrowers with both student and auto loans. for more on these reports, i'm joined by lendingtree's matt schultz, here onset with our very own steve liesman. great to have you both here. steve, maybe just set us up. did i capture that correctly that we saw this big jump

i'm kelly evans.ion is still above the fed's goal, so is the market premature on betting on rate cuts next year? we'll ask her directly when she joins us in a live interview, just ahead >>> our market guests sees a potential for stocks to do better than expected next year, only if two key conditions are met. >>

i'm kelly evans. here is the good news.dropping. if they drop too much it could pose a whole new set of problems for the fed in the markets and we'll look at how and why you want to be positioned now. plus do lower rates mean better prospects for housing? our analysts say yes, even with recession risks growing he's here to explain. defaults in the private credit space that market also keeps going and we'll talk to the lenders about rates and returns and

i'm kelly evans and here is what's ahead.overnment shutdown and if we don't get a deal by this friday that could put thanksgiving travel in the crosshairs, oh, boy, and why analysts are more positive a deal will happen this time around and what that will mean for the market, xhoot and wars oversea. plus a, a lot has happened since xi was in the u.s. and a pandemic, a war and europe and the tone in china seems to be shifting toward the u.

i'm kelly evans. ahead this hour, the curious case of the american consumer. healthy? not healthy?ms to depend on where you look. pets is still very strong, helping one stock soar nearly 20% in a week. we have the name and ceo ahead. and then travel, entertainment, conventions, another area of strength, leading to a solid third quarter for one name. the ceo joins us ahead, as well. >>> but then, there's th

i'm kelly evans. here's what's ahead. elon musk once again in hot water over his tws tweets.nly one thing that would change that, he tells us what that is ahead >>> plus, has the fed won the inflation fight but lost the recession battle our guest says yes one does, but the other says no. that debate coming up. >>> and china's chief retail ap

i'm kelly evans with tyler mathisen. >> welcome, everybody. as we enter this final 60-minute

i'm kelly evans. but charlie munger's wit and wisdom lives on. we'll speak to two share holders what this means as berkshire as a company and where they are seeing opportunities. >>> the fed is done hiking and will cut rat

i'm kelly evans. shoppers, start your engines.ry are gearing up for one of the busiest shopping days of the year, as consumer sentiment showed signs of life. could spending surprise us to the upside? and speaking of spending, prices for some goods and services falling from their peaks, but many are still way above prepandemic levels. where the drops are and aren't, and what that signals about which stocks to buy. and with kraft starting to

i'm kelly evans. here's what's ahead. be getting one today. our market guest says yes to all of this, that it's not too late to get in. he's eyeing one trade at a specific time to make it >>> plus, investing overseas there is a lot of opportunity right now, just not in china we have what part of

it's going to be a great day alongside kelly evans, i'm tyler mathisen nasdaq up 10% already in november you're richer. and we're only halfway through the month. prepare for a reversal or happy holiday? plus, presidents biden and xi meeting in san francisco no major policy changes expected, but are talks enough to get china to soften its stance for u.s. businesses, kelly? >> these guys in here would really put the nascar pit crews to shame let's get a check on the markets which are pretty much at session highs with a dow up 176. s&p up 13 and nasdaq up 32 monster run to the nasdaq up 10%. s&p's up 10% from the end of october. the big mover today is target with stocks soaring after a big earnings beat. you can see it up almost 18% interestingly enough, the stock is still down 12% this year and the earnings beat came from cost controls, not sales improvement. same store sales fell nearly 5% in the quarter but the ceo is crediting disciplined inventory management with a strong bottom line beat, tyler >> so as stocks continue to build on yesterday's strong rally, can we expect this to contin

i'm kelly evans. 24 hours ago it looked like sam altman was going to microsoft. now maybe not.igration of open ai workers to microsoft could become a legal headache for the tech giant >>> is the market rally running on fumes or not? we'll tell you what our analyst says, and how you can take advantage of the upside. >>> and should

i'm kelly evans. here's what's ahead.on a plane to meet with president xi but first he joins us live he's here on the company's big chip announcement, ai, china, that and much more we'll get the first live pictures of president xi and biden this hour. both countries competing for the global future. our guest says if you take a clue from recent xi speeches

i'm kelly evans.black friday spending came in weaker than expected, but cyber monday is strong and perhaps the strongest category of all is buy now, pay later. is that a good sign? is that a symptom of stress? either way, it's a headwind for certain retailers and we'll discuss it all with the ceo of klarna in an exclusive interview ahead. we'll talk to goodwill's digital storefront who said secondhand am whys online continues to outstrip demand and the late of the read on housing that

i'm kelly evans. shoppers, start your engines. people across the country are gearing up for one of the busiest shopping days of the year, as consumer sentiment showed signs of life. could spending surprise us to the upside? and speaking of spending, prices for some goods and services falling from their peaks, but many are still way above prepandemic levels. where the drops are and aren't, and what that signals about which stocks to buy. and with kraft starting to show in the luxury consumer, could they benefit for the diamonds campaign? >>> let's start with dom chu. i think you went the traditional route. >> i did, but sit a gem of a market, if you will. the markets seem to be posting gains here, even with some concerns building about certain aspects of possibly consumer spending, maybe slowing down this particular quarter. if you look at the dow industrials, up 171 points, 35,2956789 s&p up roughly 19 points. to give you an idea of if highs, we were up roughly 30 points. so by the way, this puts us within 1% of the 52-week high f

i'm kelly evans. the investment world has lost a legend, but charlie munger's wit and wisdom lives on. we'll speak to two share holders what this means as berkshire as a company and where they are seeing opportunities. >>> the fed is done hiking and will cut rates, says our one of our guests. >>> and it's all about the cloud and the consumer inexchange, in name up 70% this year. i bet you can guess it. before all of that, let's start with the markets, which are close to session highs after losing steam earlier. dom chu has the latest. >> so kelly, green across the screen right now. the dow up triple digits, about 123 points to the upside. 35,539 the last trade for the blue chip index. it's similar percentage gain for the s&p 500, now solidly above the 4500 mark, up about one quarter of 1%. and the nasdaq, 14,312, up 30 points. so it's modest, but it continues this nice month that we have had in november for the stock market overall. remember, one to have best months that we have seen overall in decade

i'm kelly evans. coming up, fed chair powell is set to speak in about an hour.ould be market moving e vevevents we'll check in with our guest about that >>> all is quiet on the ipo front, too quiet this time of year is typically strong for public debuts we'll look at what is going on

i'm kelly evans. here's what's ahead this hour.ll in inflation? a new article says no. at best, they kept it from getting worse. we'll debate that and talk about why rates may have to stay at these levels longer than the market currently thinks. >>> plus, two ways to play the trend of people being stuck in homes they bought with low mortgage rates. we'll talk to two ceos. we'll look at what that tells us about housing globally. >>

i'm tyler mathisen in this afternoon for kelly evans. here's what's ahead.at and look at one job related trade. our market guest says it will pay off even until the labor market continues to cool from here. >>> plus, one fast casual food stock having a good week. but earnings a mixed bag. the ceo will join us with what he is seeing from the american consumer. and from china to rates to jobs to energy,

alongside kelly evans i'm tyler mathisen. elon musk unplugged and uncensored.rview yesterday. we're going to look beyond the expletives and discuss what he said about tesla and we're just about an hour away from the company's event to mark the first deliveries of its so-called cyber truck. >>> plus, it's been a november to remember for stocks. the dow up 8%, and that is the laggard. can these gains continue into december? >>> they are continuing this afternoon with the dow up 306 points right now. that's 0.8%. the s&p is down about 7 points. here are the numbers for the month of november. salesforce, a big reason the dow is outperforming today, adding more than 100 in t

i'm kelly evans. ahead this hour, from dominance to disarray.oft, it seems and that news sending shares to all-time highs and they want the open ai board to resign and that's all we're going to talk about right now. joining me are cnbc's steve kovac and deidre bosa for this hour along w

. >>> good afternoon, everyone welcome to "power lunch," alongside kelly evans, i'm tyler mathisen comingeback the russell 2000 up 5% this week now positive for the year. should investors care or are the magnificent seven far more important to the markets and your portfolio >>> plus, one of the busiest travel weeks of the year is coming up and multiple storms are in the forecast. we'll discuss the challenges with the former ceo of united. >> could we get snow that's what i want to know. >>> first, let's get a check on the markets. the dow turns positive and is around session highs today, up 36 points. the s&p up and the nasdaq up 22. the russell 2000s keep gaining, up again today about 1.3%, outperforming and up better than 5% on the week check out shares of gap. soaring and on pace for a record increase after beating on earnings, powered by old navy. is there more room to run or did you miss the rally we'll get the trade coming up. >>> now to the story practically everyone is talking about, and that is elon musk's post, which many, including the white house, have called anti-semitic on x

>>> welcome to "power lunch" alongside kelly evans, i'm tyler mathisen. markets lower on pace to snap long winning streaks. we are connecting the dots from lower oil prices to falling bond yields to rising stocks. >> you've got all that. the nasdaq is lower now. it's on pace to snap an eight-session win streak. up 8% during that time. oil falling 10% and now just above 75% a barrel. bond yields also falling to near 5% on the ten-year to just about 4.5% right now. >> for more on the market set up and interconnectedness of it all, let's bring in mike s santoli. lots of talk about how rising bond yields were an after ma to rising stocks. >> that raelationship really broke down about a year ago. stronger balance sheets, perceived insulation from macro forces, predictability of earnings. but in the last eight sessions or so, last week and a half, it started to become more plausible that we perhaps had reached peak fed, peak oil, and therefore, the imminent hard landing scenario that had become partiallypriced into stocks. this anxiety that built up over three

i'm kelly evans. here's what's ahead.i bag. but a key indicator held at hard landing levels. and the richmond fed survey reported a surprise contraction and some dovish remarks from the fed's christopher waller. >>> and the biggest winner from holiday spending so far is the internet and e-commerce.

. >>> welcome to "power lunch" everybody alongside kelly evans i'm tyler mathisen the market pulling back. november rally taking a breather walmart dragging on the dow after its results. more on that coming up but november has still been a very, very good month for the market especially the nasdaq. kelly, up 9%. >> incredible run. awaiting president biden, speaking any moment now at the apec summit out in san francisco. this comes, of course, after his meeting with china's president xi bring in eamon javers what to expect eamon? >> one thing wondering, exactly when the remarks will kick off we have no guidance on timing now. you can see that the lectern is set up with an impressive backdrop here in san francisco awfully colorful wait and see what the president has to say it's his opportunity to wrap up the summit with xi jinping and take a bit of a victory lap, we're saying an administration that viewed this week as very much a success in terms of lowering tensions with china, getting that military-to-military dialogue re-established, and what they view as big win on fentanyl also br

i'm kelly evans. ahead this hour, from dominance to disarray. first came sam altman's open ai and then came the backlash and now it seems he's working for microsoft, it seems and that news sending shares to all-time highs and they want the open ai board to resign and that's all we're going to talk about right now. joining me are cnbc's steve kovac and deidre bosa for this hour along with jessicaes inman and gio patel, a contributor steve, let's start with the latest news at open ai >> at least 700 open a.i. employees threatening to leave the start-up to microsoft if the board doesn't give in into demand those demands include reinstating sam altman and including board members including former salesforce brett taylor potential exits puts open ai's lead at risk and gives microsoft a chance to develop the technology inhouse without relying on a volatile start-up the new of the version of the letter included 700 signatures and it said microsoft has offered to hire any open a.i. employee who wants to jump ship. microsoft which owns a big stake in open

welcome to "power lunch" alongside kelly evans, i'm dominic chu.e early for the markets? the three major averages all up big in november. is this going to be the best it's going to get? or are things really this good? there's all kinds of questions in play. >>> plus, shein files for an ipo. valued at $60 billion or more. we'll talk about what the company is doing right and what people think about it in china. >> which may be not much. let's first check on the markets. this is usually dom's job, but correct me if i'm wrong, dow is up 54, off session highs but better than what we were in the red this morning. head wind from the week seven-year auction last hour. nasdaq holding to 3-point gain. today nvidia and amazon announcing they're expanding their partnership to work on new chips. of course, coming after microsoft announced its own custom chip. shares of microsoft in the green any way. and boeing shares rise today as rbc upgrades the stock to outperform. deutsche and goldman upgraded them the last couple weeks. boeing is up 20% in november so far

i'm kelly evans and here is what's ahead. once again, we are days away from a government shutdown and if we don't get a deal by this friday that could put thanksgiving travel in the crosshairs, oh, boy, and why analysts are more positive a deal will happen this time around and what that will mean for the market, xhoot and wars oversea. plus a, a lot has happened since xi was in the u.s. and a pandemic, a war and europe and the tone in china seems to be shifting toward the u.s. and what you need to know and what other stocks could benefit aside from boeing and a realtime gauge how the consumer is doing and the data wall street wants to get his hands on and she brings it to us straight ahead in just a couple of minutes and first, let's get the lowdown on the shutdown situation and emily wilkins is on capitol hill with the very latest. >> house republicans released their proposal this weekend to avoid a government shutdown. so the plan is temporary funding, but it splits the government funding into two groups and lawmakers would

i'm tyler mathisen in this afternoon for kelly evans. here's what's ahead. today's job report just cement the end of rate hikes? we'll debate that and look at one job related trade. our market guest says it will pay off even until the labor market continues to cool from here. >>> plus, one fast casual food stock having a good week. but earnings a mixed bag. the ceo will join us with what he is seeing from the american consumer. and from china to rates to jobs to energy, it's a three buys and a bail edition. that's all ahead. but we begin with today's markets, and dom chu with if numbers. >> very bullish. it's been a bullish week for stocks. we are on pace for one of the best of the weeks for the stock market so far this year. the s&p 500, just to give you an idea, so far just this week alone, is up roughly 6% to 7%. again, just on a one-week basis. the s&p is up about 5 points. this is, by the way, just about session highs for stock market. at the highs, up roughly 51 points, up 17 points, even at the lows on the heels oh of that jobs number. so up nearly 1.

alongside kelly evans i'm jon fortt. stocks are jumping today as markets react to the fed decision and the chairman's press conference. yields tumbling as markets seem to think the fed is done hiking. we'll break down what that means for stocks. look ahead to the next big event, apple earnings. plus, rising rates have made buying a house more expensive quickly. what that's done to the real estate market and discuss the battle over broker fees. >> and that's a juicy one. let's get a check on the markets speaking of juicy, the dow is up 503 points. apple reports after the bell, up 1.5%, while the s&p is 1.75 and the nasdaq up 1.6%. all of this on the back of lower bond yields. look at shares of starbucks after sales and profits beat estimate, up 11%, guidance above the current estimate that's been a rare thing lately. the ceo saying demand remains strongp and the pumpkin spiced latte is helping boost sales. yields, a quick check on the 10-year. where we see that yield dropping down to about 4.65% today from a recent high a

welcome to "power lunch" alongside kelly evans, i'm tyler mathison rally on wall street, cpi coming inlat than previous month and less than expected, markets seem to be declaring victory, spiking the ball in the fight against inflation and thinking this means the fed is really done hiking, kelly. >> that's why we're seeing this big rally in stocks today. take a look at the 500-point rally on the dow, nearly we're up about 570 at the highest. up 1.3% right now. also strong earnings from home depot helping the performance there and it's the underperforming, s&p up 1.7%, 4489 the nasdaq up better than 2% and the yield on the 10-year note dropped sharply it was 461, down to 445, that's still where we're hovering the rally pretty widespread but the best sectors are those that benefit the most from that drop in interest rates. real estate, utilities and consumer discretionary the real estate sector up 5% today. and as mentioned, home depot adding more than 100 points to the dow on its own after results. there's the stock move the latest is up 6.3%. almost helping it turn positive year to dat

i'm kelly evans. stocks are higher but where they end up for the week is uncertain.owing jay powell's hawkish comments yesterday is also a little uncertain let's kick things off with someone who can directly shed light on what to expect from the fed from here. and that's san francisco fed president mary daly who is here now with cnbc's senior economics reporter steve liesman kick things off for us. >> you kicked it off mary dal hey

alongside kelly evans, i'm tyler mathison we're about to get the fed minutes from the latest meeting.efore we do that, market check. the dow is down 68 points. and meantime, let's go -- there you see the s&p 500 off just a little bit let's go to steve liesman now with the fed minutes. >> minutes to the federal reserve last meeting show that the committee believed that further tightening would be appropriate if progress towards inflation was insufficient it's a bit of a more dovish take on the reasons why the fed might hike again all judged it critical for policy to be kept, quote, sufficiently restrictive and remain restrictive for some time the committee was seen in a position to proceed carefully, so no big hurry on the part of the committee to do anything because policy was seen as restrictive already. and was putting -- seen putting downward pressure on the economy and downward pressure on inflation. financial conditions, they said, had tightened significantly, and in the meeting, the officials debated the reasons for the rise in yields, the persistence of how long it would stick

alongside kelly evans i'm tyler mathisen. elon musk unplugged and uncensored. a big interview yesterday. we're going to look beyond the expletives and discuss what he said about tesla and we're just about an hour away from the company's event to mark the first deliveries of its so-called cyber truck. >>> plus, it's been a november to remember for stocks. the dow up 8%, and that is the laggard. can these gains continue into december? >>> they are continuing this afternoon with the dow up 306 points right now. that's 0.8%. the s&p is down about 7 points. here are the numbers for the month of november. salesforce, a big reason the dow is outperforming today, adding more than 100 points to the index, beat on earnings, raised on guidance, at least partially on hopes for ai. there you saw the -- no, 10% gain for the nasdaq, 8% gains for the s&p and dow this month. >> let's begin with tesla as we are awaiting the company's big event to mark the first delivery of the so-called cyber truck. phil lebeau joins us now for more on what this launch means for the company. it'

i'm kelly evans, and we have a huge move today, as markets think the fed might be hiking rates. casualty of higher rates. >>> plus, drugmakers can't make the weight loss drugs fast enough. there's one company our analyst is especially bullish on. he's here with a name and how much upside he sees ahead. >>> is the

i'm kelly evans. stocks are higher but where they end up for the week is uncertain. where fed policy is headed following jay powell's hawkish comments yesterday is also a little uncertain let's kick things off with someone who can directly shed light on what to expect from the fed from here. and that's san francisco fed president mary daly who is here now with cnbc's senior economics reporter steve liesman kick things off for us. >> you kicked it off mary dal hey, thank you for joining us this morning by your count. >> glad to do it. >> okay. so what kelly read is sort of the question i have. where are we right now on fed policy i think there might be a little bit of confusion in the sense that are we one bad inflation report away from hiking rates or do you and the committee need to be convinced with a series of bad reports to hike rates? are you on hold? >> okay. let me first say i'm going to speak for myself. >> right of course. >> here's how i see it, is that policy is in a very good place we have it positioned so that in my judgment, the risks are over tightenin

the second part is if i went on and looked about what kelly evans has done, what's a history and so on, or dom, yeah, i would have double check. we've done that before. i've asked for speeches to be prepared, the governor of nevada, he's now the president of unr, and so you have -- it's a lot of facts that need to be checked. over time, that's going to evolve. the second part is how do you handle the value of a franchise which is the goodwill or the value of a business on the books that has historically part of graham, you involve certain type of dynamics. >> we've got some headlines coming out. we're going to go from the microeconomic company specific stuff to steve liesman right now who has details on the fed's beige book results. steve, this is the look at the u.s. economy. what does the fed and its member banks, what are they saying about the u.s. economy? >> yeah, something that really animates the fed these days. they said economic activity slowed with four districts reporting modest growth, two saying growth was flat or slightly down. but six said there were slight declines in e

welcome to "power lunch," alongside kelly evans, i'm tyler mathisen coming up, the end of the busiest and most important part of the year for retailers. we'll look at the numbers from black friday's weekend and start our series breaking down all the different parts of the retail sector today, which big box store is best positioned. >>> plus, meta shares have been a rocketship this year, second best in the s&p 500. trailing only nvidia we'll look at the stock and the company as a "wall street journal" article makes some unpleasant allegations >>> but first, let's get a check on the markets which are close to session highs we were briefly green on the dow earlier. down 48 points right now the s&p is down 2. the nasdaq, it's up 25 and shares of amazon are higher as online black friday sales jumped and beat estimates according to adobe shares are on pace for their highest close in a year and a half speaking of amazon, its deal to buy i-robot is being questioned by european regulators the ec saying the deal could restrict competition for vacuum cleaners i-robot down 18% on that news. just