big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal! we make a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! see how easy it is to save hundreds a year on your wireless bill over t-mobile, verizon, and at&t. talk to our switch squad at your local xfinity store today. >>> welcome back to "the exchange." the uk's ten-year gilt closed at the high of today's session closing off a whipsaw week after bank of england ended its emergency bond buying program and prime minister truss announced an unexpected fiscal u turn wilfred frost is at 10 downing street with the very latest. zpr great to hear from you again. as you said, a massive political crisis, but

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal! a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> shares of land research gaining today the company could be caught in the middle of the ongoing chip battle between the u.s. and china >> a loss of almost literally $2.5 billion for lam, and a possible $400 million quarterly hit to both applied materials in nvidia that aim to choke china of its abilities to make chips lit cost these companies in loss revenue but what about the unintended consequences in other companies could stop using u.s. tools. few u.s. parts in their machines allowing them to continue shipping certain machines to china, business could shift to other countries. lastly if china can't make advanced chips they could focus on low-end chips making it hard for companies like intel to compete on chips a new bloomberg report says chinese ministries are holding emergency meetings to address these curves >> thank you >>> state of play in computer chips. >>> a

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big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) - [narrator] if your business kept on employees through the pandemic, getrefunds.com can qualify you for a payroll tax refund of up to $26,000 per employee, even if you got ppp. and all it takes is eight minutes to find out. then we'll work with you to fill out your forms and submit the application. that easy. getrefunds.com has helped businesses like yours claim over $1 billion in payroll tax refunds. but it's only available for a limited time. go to getrefunds.com powered by innovation refunds. >>> the nasdaq is feeling the brunt of the losses today, down almost 100 points or almost a full percentage point. biorad and biogen both moving here in just the past half hour as dow jones reports that they're in talks to combine the companies. bio-rad is down, and seema mody. >> here's what's happening nbc news is reporting that kristina bobb has spoken to federal investigators. she den

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!e a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> time for today's halloween edition of three stock lunch i promise not to mess it up. we're going to look at some shocking, shocking october moves. tesla down 14%, as elon musk closed his twitter deal. tesla on pace for its worst month since april when musk first announced the purchase of twitter. halliburton, one of the best october performers up 46% on strong earnings and an opec plus production cut and norwegian up 15% after they dropped all covid restrictions and gave positive updates on booking and the ability to pay down debts, best month ever for norwegian. >> our graphic says royal caribbean. >> didn't i say norwegian? >> let's see what tim seymour says. >> this sounds like when you reach into the trick or treat bowl and you pull out m mr. goodbar and hate peanuts you tell me where are we going here >> i think it's norwegian. >> i think it's norwegian. it's my

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!make a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> welcome back to "fast money. a big surge for mobileye jumping nearly 40% today intel, of course, bought mobileye interesting timing given what the industry is going through. how do you feel about mobileye >> yes, so very interesting. i think this thing was purported to ipo at around 50 billion back this time last year, so you're really seeing a read through into perception around growth valuations and you're seeing it come down across the board and really across subsectors we talked about ford taking it on their autonomous business the stock performed so well. you see a lot of companies step away from this whether i think karen made a dment about being first or second in the space, i think all of them are finding it extremely hard to deliver and beat expectations in terms of autonomous capabilities. >> when intel is holding mobileye's hand, they had tremendous grow

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!make a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> welcome back to "fast money. tesla revving aup the close but it was a lowest level sinceun of 2022 five months later it more than doubled and back then shares were trending higher not quite the case right now so dan, you tweeted earlier today that you close out a bearish position so walk us through the trade. >> i've been pretty adamant about the wholetory. and i've been wrong lately but if you look at the chart and the movers an you talk about the way it is been trading you could be on the upside and you could be right on the downside to a great degree i think things are just getting started. that was my target to the down side when the stock was trading around 300 in the summer and so i got there and again, we talk about it on the show all of the time when you're trying to press shorts at relative lows it is just not a great sort of setup here because you get the

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!ke a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >> announcer: lightening round is sponsored by t.d. ameritrade. >>> it is time, it is time for the lightening round i take your calls, play the sound. and then the lightening round is over are you ready ski daddy? time for the lightening round. let start with john in california, john >> caller: boo-yah jim. >> boo-yah, john. >> caller: fresh pet. >> fresh pet is too expensive. talking about maybe it will be an acquisition, maybe not. may i suggest smucker or general mills got better pet food division craig in california, craig >> caller: boo-yah sky si daddy. >> tell me, tell me what is happening? >> caller: looking for a place to hide out lately might have found a stock had a good year, it's up about 60% and trades about eight times earnings and a accident dividend december revenue is through the roof what's your take on cf ind indu industries >> i like the fertilizers.

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal! a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) three of the largest chinese chipmakers since october 10th. the first trading day after the u.s. announced stepped up export controls for the industry. i spoke just now with u.s. trade representative, ambassador canal rin -- katherine tai and talking about whether we're becoming more confrontational and president biden not lifting tariffs on chinese goods that president trump put in. >> put on in a targeted way to address specific national security concerns. the area where we work in trade policy, in the bread and butter trade, is much more about competitiveness, and there with respect to terrorists i know everybody likes to ask me about terrorists because i am the trade representative i think there, your point about inflation, we have economists who have conceded that the impact of the tariffs on inflation is minimal and that the factors impacting inflation globally are c

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) the hiring process used to be the death of me. but with upwork... with upwork the hiring process is fast and flexible. behold... all that talent! ♪ this is how we work now ♪ >>> time for "three stock lunch" trading today's mover. boeing, and others cnbc contributor todd, good to see you today. talk boeing first up would you fly it >> hey, contessa maybe. maybe. it's encouraging they missed that eps significantly. rent lowered by 10%. big story, free cash flow. strong reading there only positive once in the last three years. technically speaking to answer your question, near-term resistance, technically speaking about 158. get through there, i'm interested break it down from two sides defense and well publicized a lot of challenge with fixed costs government dealership, dealer, but i hold two stocks. i think i'd like it better on the defense side lockheed and northrop grumma

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal! a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq >>> earnings alert let's get to kate rooney >> visa's ceo saying on the call just now that there is clearly a high risk of a global recession. they don't have a certain point of view on it and if and when as well as what kind of global recession, they are presuming stable conditions though and say they're prepared to act fast if circumstances change so they say here it's not necessarily factoring into visa's guidance, but that's what they're expecting for the macro backdrop they talk about staying nimble and being able to control controllable expenses. some of the operating expenses thin

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal! we make a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> welcome back to "fast money. investors are not in good hands on allstate. insurance company just pre-announcing third quarter results, shares plunging, down 8% contessa brewer covers insurance for us as well and joins us. what is going on at allstate >> they just dropped results on us it looks like we're looking at an adjusted net loss of as much as $450 million. let's really focus in here, brian, on catastrophe losses, expected to be $763 million for the quarter, and that's after re-insurance kicks in. look, in florida, allstate only has 2.6% of market share for these personal property insurance policies in florida. so 25% of what they saw coming in from ian was related to property lines and 75% in auto coverage what they've said is that the inflation related to both of these is significantly adding to their costs. we know that house values have skyrocketed in

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big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal! good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) i remember the day you looked at me and asked, “what now, dad?” so i said, find a job, any job. work hard. that's just how it is. but of course, you didn't listen. you showed me there's another way. i'm proud of you. ♪ ♪ >>> bitcoin has lost half its value this year and has been pretty steady near the lows these past few months, but some high net worth investors aren't quite ready to throw in the towel. kate rooney joins us now so who are they? why do they want in? kate >> contessa, that's right. the bear market in crypto is looking like a bit of an opportunity for some of the professional investors, high net worth investors out there as well according to an annual survey from fidelity digital assets, about 58% of institutional investors bought cryptocurrencies in the first half of this year even as bitcoin at the same time fell about 60%. that total was up six points from t

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal! we make a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) our internet isn't ideal. my dad made the brillant move to get us t-mobile home internet. -which... we have to share our signal with the entire neighborhood. yeah, now we do some weird things to get our speeds. well... i'm up. -c'mon kids. this sucks. well if you just switch maybe you don't have to be vampires. whoa... -okay, yikes. oh sorry, i wasn't thinking. we, uh, don't really use the v word. that's kind of insensitive. we prefer pro-lunar. yes, much better. >>> welcome back to "the exchange," everybody the market conversation could change from results to rates with the fed decision coming out on wednesday of next week. another 75 basis points, three quarters of 1% hike is already priced in, basically so the key for investors will be the commentary mr. powell's tone. our next guest says powell stands at the more hawkish end of the committee and disagreements m

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big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!ery business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) blackrock silver is advancing one of the highest-grade undeveloped silver projects in the world, in the "silver state" of nevada. with a maiden resource estimate just announced, the focus now is on further expansion. blackrock silver. - yieldstreet presents: alternative investing with kal penn and older kal penn. - oh, the stock market is doing that fun thing again. - hey news from the future, you're going to live through that about 10 more times. (laughs) - oh, it's no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - ooh. i think some of my gray hairs just reversed. - yeah. you're welcome. - [narrator] become an investor today. yieldstreet: private market investing. >>> as you noticed, we have turned negative. the s&p 500 is down by .6% the nasdaq is down by 1.2% the losses have been accelerating this could be from headlines th

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal! good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> welcome back to "power lunch," everybody. from inflation to labor to food costs and consumer spending, the restaurant industry can be considered a proxy in many ways for the economy, and our next guest operates restaurants around the globe let's bring back and welcome back wolfgang puck, chef and restauranteur, entrepreneur as well chef, welcome. good to have you with us, sir. >> good to be with you, thank you. >> before we get to the labor issue which i know is something we talked about the last time. are you seeing as you buy the food commodities that you have to buy for your restaurant, eggs, the butter, the cheese, the meet, the fish, the shellfish, the pilotry, the game, the pork, are you seeing any of the price inflation recede or come off the boil? >> you know, so far the inflation is really hitting us really hard. food costs went up probably 15%, some things like

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!make a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> welcome back no surprise, defense stocks have had a strong year as the ukraine war enters its ninth month with no sign of ending. the u.s. has sent $17.6 billion in aid directly to ukraine some in congress at least as of yesterday were speaking up house minority leader kevin mccarthy is ready to end what he calls the blank checks to kyiv and yesterday, a group of 30 progressive democrats sent a letter to president biden urging him to negotiate directly with putin. that was yesterday it was a big story about it in "the washington post." i tweeted it out but just in the last hour, those lawmakers said they withdrew the letter joining us now to make sense of this all is admiral james stavridis. trying tow understand what happened here. 30 members of congress sent a letter to the president saying, we support ukraine, but we need to find a way out of this. wow, that --

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big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!e make a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> welcome back to "the exchange." shares of alaska airlines are falling today despite beating on the top and bottom lines the company reached a new labor deal with its pilots, one of the first big-name airlines to do so joining us now to discuss is alaska airlines ceo ben minhacuci along with our own phil lebeau. i'll send things down to you >> ben, thanks for joining us today from alaska's headquarters in seattle, washington let's talk first off, the third quarter great numbers as we've seen from all of the airlines. but the cost component, i think that's an interesting element. you guys looking into the fourth quarter and going forward with the new pilot contract, is your cost, is it at the high-water mark, or is there concern from investors that you think is, you know, maybe not warranted, that this is going to increase over the next couple of quarters? >> yeah,

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big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> 1,308. that's the exact point swing that we have had on the dow today. we were down just almost 600 points right after the open. the red-hot inflation numbers scaring everybody. must have been some alg orhythmi buy. it's one of the biggest point swings, i'm going guess -- if i'm wrong, i'll buy everybody something -- one of the ten biggest point swings that we have seen ever just throwing that out there >>> shares of delta airlines higher today the carrier returning earnings in line with estimates, but also issued an upbeat forecast for the current quarter and beyond phil lebeau spoke with the ceo at bastian earlier today and phil, i was honestly shocked at his optimism >> you can tell how optimistic ed bastian is. take a look at their guidance for the fourth quarter we knew that they would have a strong report for the third quarter with the summer, in line with expecta

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!ng up to $800 off iphone 14 pro. (♪ ♪) >>> welcome back to "fast money. check out shares of sewscaler, the company announcing the resignation of its president after the close of trade today shares down 7% during the regular session. guy. >> this was a $375 stock end of fall, and that was up probably from 150 earlier that year everybody loved it i was one of those people. that's when valuations didn't matter fed pivoted in november. this stock is going straight down since $22 billion market cap last i lob. they will do $2 billion in revenue. dan will tell you that's still too expensive. remember the song "wake me up before you go, go. make mow up when it trades seven times revenues and we'll probably get there season. >> all right time now for the final trade let's go around the horn guy, i paused a little bit because i wanted to give you some time, you know, to mentally adjust >> no, i appreciate that, you know i'm not that quick on the uptick tough nothing at she, apologize. kroger in

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) ♪♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. making sure you have the right balance of risk and reward. and helping you plan for future generations. this is "the planning effect" from fidelity. >>> good morning welcome back to "squawk box. we are live from the nasdaq market site in times square. not a pretty picture more red arrows. nasdaq off 1% yesterday. closed at lowest level since july of 2020 more than two years ago. this morning, no bounce back nasdaq indicated down 88 the dow indicated off more than 200 points s&p down 30 points. >>> let's talk about jpmorgan chase's ceo jamie dimon with a stark warning with the russian war in ukraine he spoke to our julianna tatelbaum. >> pearl harbor and check sl

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal! we make a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) ♪♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. making sure you have the right balance of risk and reward. and helping you plan for future generations. this is "the planning effect" from fidelity. >>> good morning welcome back to "squawk box" here live at the nasdaq times square a mixed pick with the dow up 140. nasdaq lower down 62 points. we have a lot of earnings reports coming in that are moving both of the those indexes around the s&p 500 up slightly becky, you may want to go through some of those earnings >>> sure caterpillar up 3%. it came in with numbers better than expected on the bottom and top line $15 billion in revenue $3.995 in earnings per share it looks like it will

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!d team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> welcome back to "squawk box. we're live from the times square market we've given back some of the bigger gains we had earlier. last time we checked about a half hour, the dow futures were up by 178 points enthusiasm they're still up, but by only 72 points this is a week or so after the major averages jpmorgan's jamie dimon warns we may tip into recession in the next six to nine months. and the recession warning, the worst is yet to come for many people 2023 will feel like a recession in an interview on cnn last night, president biden said he does not anticipate a recession. >> it hadn't happened yet. it hadn't -- there hasn't -- there is no -- there's no guarantee that they're -- i don't think there will be a recession. if there circumstance it be will be a very slight recession that is, we'll move down slightly. >> joining us now is paul ryan he's former speaker of the hous

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal! good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) ♪ icy hot pro. ♪ ice works fast... to freeze your pain and your doubt. ♪ heat makes it last. so you'll never sit this one out. icy hot pro with 2 max-strength pain relievers. >>> welcome back to "squawk box. tomorrow is an unusually busy day, even for the kickoff of earnings season. we're going to get a blitz of bank earnings. joining us right now is an rbc capital markets head of u.s. bank equity strategy good morning to you. let's talk about what we can expect and to the extent there are tea leaves to read from these earnings one of the reasons everyone is focused on the bank earnings, not just about the banks themselves, but what it says about the larger economy what are you seeing? >> we're going to see trends tomorrow first and foremost you're going to see net interest revenue growth be very strong for these big lenders because rising interest rates, as you know, has be

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big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!siness gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> we have earnings season open, and kicks in tomorrow with jp, wells. lesscy picker has more on what we might expect over the next few days good morning. >> good morning, carl. as ubs said in a recent note, macro is as dominant as it's ever been leading into bank earnings this quarter. the sector was trading firmly higher pre-market. when the data came out, slipped into the red and now they're mixed but largely outperforming the s&p. you can see the biggest banks there very much outperforming the s&p. now, banks have been whipsawed by econ data with the notion they could provide relative value, particularly in a hawkish monetary environment looming economy has outweighed investors won't be able to really feel comfortable shares have bottomed into the banks themselves have fully priced in a recession. that's what banks will be focused on when six of the largest firms report tomorrow morning. t

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!e make a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >> announcer: is opening bell is brought to you by nuveen a leader in income, alternatives, and responsible investing. >> all right, let's get to a "mad dash" and then we got an opening bell about a minute and a half from now. splunk has been in the news a bit, the "wall street journal" reporting jeff smith has taken a significant position, starboard value. i can confirm that that is the case we'll see what comes of it but the stock is up on that. jim, you know the company well you've talked to the former ceo, the new ceo. >> gary steele i had the moment, i was in california, and here's what i was going to say, and i will say. this is an open-minded person. he recognized that splunk was a broken company, does know they have great technology, and my thinking is, you can help me or not on this, but he would welcome this input he's trying to turn it around. he knows tho

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) nurse mariyam sabo knows a moment this pure demands a lotion this pure. gold bond pure moisture lotion 24-hour hydration no parabens, dyes, or fragrances gold bond champion your skin >>> welcome back to "squawk on the street." a big morning for the rails as another name in that space reports results. so, the ishares u.s. transportation etf, ticker iyt is up 1% on pace for its first monthly gain in three. down almost 30% this year, though on pace for its worst year on record core holding csx headed higher 6% on etf after higher prices boosted revenue for the freight railroad and the company also maintained its full-year sales outlook of double digit growth a little bit of a juxtaposition in terms of the earnings outlook and the stock reaction between the eastern u.s. railroad, csx, and union pacific, a western railroad, that reported yesterday as well. nonetheless, you are seeing a bounce acro

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!make a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) ♪ ♪ no more waiting. no more running. [ screaming ] we finish this tonight. >>> good morning welcome back to "squawk box" here live at the nasdaq market site in times square dow looking to open off 127. s&p 500 looking to open down a lot of companies reporting news this morning. including 3m. >> just out with the results on the adjusted basis. they came in with earnings of $2.69 a share. that's 9 cents better than the street the street estimate was $2.60. looking at the revenue revenue e estimate for $8.76 billion if you exclude the decline in the respirator sales, if you exclude that, it would be organic growth of 3.4% also talking about operating cash flow. adjusted free cash flow of $1.4 billion. the company looks like it is updating guidance for the year. the first nine months along with what they say is continued strengthening of the u.s. dollar and macro economic

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!ood team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> good morning welcome back to "squawk box" here live at the nasdaq market site in times square look at futures on monday morning. we are in the red. dow off 156. nasdaq looking to open down 80 s&p 500 off 21 points. >>> a busy weekend for elon musk he tweeted out about the attack on paul pelosi house speaker nancy pelosi's house. the tweet has been deleted this questions circumstances on the attack on paul pelosi and conflicts with the account from the san francisco police department and elon musk stating he is not laying off staffers. that conflicts was the report over the weekend that said musk ordered cuts across the company. we have ben smith with us. editor in chief. i have come around to andrew's view on this musk people are crazy people do all kinds of stuff if you don't like what he is doing, you can affect the company business he has a lot of varied interests. that

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!ness gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) ♪ ♪ ♪ ♪ ♪ ♪ introducing ihg one rewards. seventeen hotel brands. six thousand global destinations. one loyalty program that lets you guest how you guest. >>> good morning welcome back to "squawk box" here on cnbc live at the nasdaq market site in times square. we have red on the screen. dow off 32 we will talk about that in a moment s&p off 21 points. joe. >>> intel shares are higher after pat gelsinger was able to ring i said do not mess this up at 9:30. a lot of pressure. i think he was good at it. earnings of 59 cents a share beat 32 cents. revenue declined 15% year over year it did beat estimate guidance lower than expected intel will deliver $10 billion in cost production and efficiency improvements and cutting work force it hasn't provided details mobileye i like when people come. a big party. >> you like it >> i like it so do you. you knew what i was thinking you knew better than i did i h

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal! good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) welcome to ameriprise. i'm sam morrison, my brother max recommended you. so my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors the garcia's, love working with you. because the advice we give is personalized. hey john reese, jr. how's your father doing? to help reach your goals with confidence. my sister told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial. >>> good morning and welcome back to "squawk box" live from the nasdaq market site in time square checking the futures, moderated a bit. still green after a couple of good sessions. we'll always have last thursday when we made that big turnaround from down 500 to 800 plus. it was the start of something, maybe not. we were talking to paulsen

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> welcome back to "squawk box live at the nasdaq market site nasdaq up 178 points s&p is looking to open higher at 51 points higher >>> microsoft confirming the company cut additional jobs. three months after it trimmed 1% of the workers this comes as software is expected to slow a spokesman telling cnbc microsoft would continue to invest in the business and hire in key growth areas. microsoft's next earnings report is one week from today >>> let's talk about credit suisse considering sale of the u.s. business ahead of the october 27th review. we talked about that data lot. this new report saying that the bank asset management is expected to draw interest from private equity no decision has been made. all of the anxiety and worries of credit suisse two weeks ago when people talked about a lehman moment have not come to pass when we come back, ben smith making a big announcement

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!ood team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> good morning welcome back to "squawk box. we are live from the nasdaq market site in times square. things are moderate here we were talking about gains from earlier this morning a little bit of losses dow jones industrial average down by 35 we are waiting to hear all of the earnings reports that we will get this week when earnings season kicks off and thursday is the cpi number to give us a read into consumer inflation as well. >>> we have news about a setback for rivian the company recalling nearly every vehicle it has delivered phil lebeau has the latest on this story phil >> andrew, this gets to the heart of one of the primary concerns people have not just about rivian, but all of the automakers that have started up in the last couple years. ramping up production and ramping up manufacturing it is not easy i know it sounds quaint to say it, but this is an example of wha

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!ery business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. >>> good morning welcome back to "squawk box" live from the nasdaq market site in times inquire fut square futures are solid this morning it is october. and ends in teenth >>> we will go to china now. xi jinping is calling for faster military development and showing no signs to heal tensions with the west we have eunice yoon with the latest eunice >> reporter: thanks, andrew. president xi said making china great again is his central task for the next five years. in his two-hour long speech opening the party congress on sunday, he said that china's national rejuvenation is underpined by a chinese style modernization. that modernization would continue to prioritize nation

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal!siness gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> good morning welcome back to "squawk box" live from the nasdaq market side in times square. checking the futures now they're green. even the nasdaq, which was down relative basis more than the dow and the s&p earlier. recapping the latest news out of the uk, prime minister liz truss is holding anews conference at 9:00 a.m. eastern. she's expected to reverse a proposed freeze on corporate taxes. and increase them next year. and the times london is reporting that the financial minister will be -- this, to me, i don't really understand, it is unfortunate for me because i keep calling for supply side remedies and when it happened, i thought, wow, this is a thatcherite coming in here which in an inflationary environment, is it too soon to try to do that type of fsupply side stuff? maybe. but just as we have done, we have done increased demand with some of the biden administration, it is kind of

i think mostly bjorn is a very business minded man. benny is more about all the music all the time and he has his own little band, replaced polk music and but i mean, he's also part of the big musicals. but bjorn, i think is the more more business minded guy seeing how bjorn deals with his investments and what he does actually with innovation and with gaming and all that other stuff. because he's created this world for himself and that be in the movies and everything. i mean, it's you, you can't be more productive than that. actually. part of that is the development of virtual reality patterns using motion capture recordings of singing and dancing standards, as well as the origin band members, the digital dapple gainers are not just museum ready, but stage ready as well. have announced the release of 2 new songs and 2018 for concerts to be performed by the avatars. yet another coo, there are tech. no artists in san francisco, building my head as we speak. it all came together in an incredible come back in september 2021. when the band recorded a new studio album together. how about voyage? no one had expect