>>> stocks sitting at a key level, and we will debate what lies ahead, and joining me shannon, kevin o'leary, mr. wonderful is back, and good to see him, and let's check the markets. i know we're all in the red, but the dow was down 260, so we have come back. ten-year note, yield 348 it's been the real decliner of late in the face of rising rates and concerns about where they are going. joe, let's begin with you. we are below 3900 on the s&p 500. some say it was not that big of a deal, like mark newton the other day said not that big of a deal, and another said this. >> i think bloomburg.com was the source for it, but it highlighted just how the extreme the all or nothing market is right now. 80% of the s&p 500 in 2022 has moved on a single day in the same direction over 40% of the time you have not seen that done twice in the last 25 years where it has been above 30%, so it seems like there's a macro trade where we're buying them or selling them, and that's a difficult case for long-term investors to be, and you could trade around the edges yes, i said last week the market is in a perilous

. >>> plus kevin o'leary, mr. wonderful, looking to buy one area of the market that he has never boit before. he will join us with a long at what it is, a shark at work. dow down near lows once again. >>> welcome back to power"power lu lunch" as markets remain lower, there are a few bright spots out there and that includes some names in the reinsurance and insurance type business even as we start to get some of the pictures of the damage down in florida that hurricane ian has left behind. we're talking about names like every rest reinsurance, also wr berkeley, chubb, travelers all in positive territory despite having some of the highest catastrophe exposed lines in ian's path of course it will likely be weeks before we understand the full impact of ian on florida and other states but some of the analyst estimates are looking at the damage right now already tyler, back over to you. >>> and let's get to christina for a cnbc news update >> and here is what is happening. we have new video of the severe damage from hur

>>> stocks sitting at a key level, and we will debate what lies ahead, and joining me shannon, kevin o'learyis back, and good to see him, and let's check the markets. i know we're all in the red, but the dow was down 260, so we have come back. ten-year note, yield 348 it's been the real decline

debate kevin o'leary and jay clayton will talk about the future of work as companies begin to mandate the return to offices. it is all starting now today. this week. that conversation at 6:30 eastern time this morning. >>> tomorrow, i'm live in seattle for the exclusive interview with the founder howard schultz and the new incoming ceo laxman narasimhan >> announcer: this cnbc program is sponsored by truist securities 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 business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities. how will your business adapt to change? you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. su

. >> no, kevin o'leary, they tell me. >> hell, no. no. no chance ever. no chance ever.use ] >> i would like to thank the academy. i would like to thank all the sharks. >> thank you, guys. always so much fun to have you. you can see "shark tank" on friday at 8:00 eastern. >>> let's go back to ginger in florida. >> reporter: yes, george, we just watched the end of a waterspout whipping up over the ocean. you can see on the radar hurricane ian making a very close approach. so we've just got a couple of hours before we see a landfall. those outer bands are whipping we've seen at least nine reported tornadoes. that one close to vero beach but orlando down to ft. lauderdale, even naples, you are in a tornado watch. look at the satellite right now. the eye has wrapped up, and we will see hurricane-force winds at this 40 miles from the center, extending far. so see how that makes it to bradenton and sarasota. fort myers included that whole time. then by tomorrow morning, thursday, 3:00 a.m. it's getting close to orlando. you can still see hurricane-force winds. i think flash fl

i'm not kevin o'leary. mr. wonderful.o him >>> coming up, robinhood's chief brokerage officer joins us with a big announcement. >>> and then richard clarida will join us he's here. not home where you can't hear the audio. that is 8:30 a.m. eastern. as we head to break, here is yesterday's s&p 500's winners and losers >> announcer: executive edge is sponsored by at&t business at&t 5g is fast, reliable and secure oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. >>> good morning welcome back to "squawk box. we're live from nasdaq's site in times square andrew >>> becky, we have news this morning. robinhood launching an invest erin decks leading