we've got the action and the story and the trade on three key earnings ahead lordstown, blink charging and warby parker we begin with today's markets don chu with the numbers >> it's the nasdaq composite it is outperforming today. we're up 112 points right now. roughly up about 146 or so points so, again, some interesting moves there, tilting more towards the upside of of the nasdaq it was again a lot of the technology stocks, growth stocks that were triggered to the downside yesterday, somewhat on rising fears over inflation and rising interest rates as well. the dow industrial is now down about one-quarter of 1%. the s&p 500, 4654 there. the stock of the day so far that we want to keep an eye on is rivian, the electric truckmaker in its second day as a public company. now at $123 a share. that's on top of yesterday's massive gains. that puts the market cap of rivian at roughly $105 billion you've heard it worth more than general motors, worth more than ford, although ford owns an interest in rivian so rivian shares now topping $123 a share we continue to watch to see whether or not a

but it's lordstown motors, that stock up nicely. we're back right after this. >> announcer: today's big number 2 billion. that's how many out-of-stock messages u.s. consumers received in october according to data from the adobe digital economy index. that's up 325% since the same month in 2019. >>> all right. welcome back and good morning. look at that we had a little bit of a bump in the road yesterday with stocks, but it's looking like investors pulling the honey badger, they don't care they're buying equities. buy the dip. why wouldn't you do that it's working the last year and a half or so, nasdaq futures are up big time, up 106 points right now. it's not that often you see the nasdaq futures nominally, a bigger number, higher than the dow. the dow is a lot bigger. so on a percentage basis and a numbers basis. the nasdaq futures, big tech looking very, very strong on this veterans day. let's check this morning's other top headlines happening in the states francis rivera is in new york with that and more. >> the first lawsuit has

shares of lordstown down the company once again pushing back production of its truck speaking of evs, elon musk throwing shade at rivian and insider buys is back it's a family affair for one media giant. two big buys of its stock. we'll tell you who, all on this friday, november 12th. this is "worldwide exchange" >>> well, good morning, good afternoon or good evening. welcome once again from wherever in the world you may be watching or wherever in the world you may be broadcasting from because, sadly, today is our last day here in london. i want to thank all the cnbc crew and people here it's been amazing to see everybody again. we will be back in the states on monday here's a look. a little rainy and drizzly the perfect london day here's how your money and the markets look they are setting up their friday it's not perfect stock futures are a little higher a mixed session thursday with the dow losing half a percent. the nasdaq tacked on a similar amount the nasdaq futures are up. dow up 49. but watch out a bit. this week the big indexes right now on snap to snap their five-week winnin

likes, lordstown motors. - -- like, lordstown motors.who were with the company when it ipo'd, several of them are gone, and they were pretenders. we shorted a company earlier this year called xl fleet, which is in extensively the vehicle electrification space. i like to say when we do something like this, when we are looking at these tech, this next-generation green tech or whatever, whatever hot technology is, we play the man, not the ball. it would be like, let me get my scientist out here. by the way, are sign -- our scientists arguing publicly, they will always lose. but if you play the person, ok. what is this person's background? what are some of the things that they have said that are core to the thesis? and if we scratch the surface, oh my god, these are not true, or massive exaggerations. so, if we see exaggerations and misdirection analyze tha -- and misdirection and lies that say, this is not elon musk, but a guy who is just exaggerating in fundamental ways, this is the same kind of guy who has existed since stock markets exis

lordstown named the focus of an s.e.c.u charlie, 35-year anniversary of aerial and congratulations to you and the team for that. great long term performance but the last decade is challenged. does that really suggest that today to be a value investor and outperform you have to have a very, very, very long time horizon? >> good question so they have data on this going back to 1926 when the university of chicago has data going back and value has beaten growth in every 10-year period since 1926 except for the last ten years. so historically you haven't had to wait long in fact, most two to three-year cycles value beat growth last ten years is extraordinary and we think the reason is interest rate just talking before extremely low interest rates are good for tech and growth bad for value. we think as that shifts we go back to the normal order of the union and value beats growth. >> thank you both for joining us. >> thank you. >> my pleasure. >>> a top performer in the s&p 500, the company's president on how the return of live

lordstown results and phil is back. >> it is a loss smaller than expected of 54 cents a share the streetmind the estimates have been thin on this particular stock for lordstown, however, all about two things one any change in guidance and with regard to the endurance pickup truck they expect production and deliveries to begin in the third quarter of 2022 there was a time when there was talk to have that electric pickup truck out in the third quarter of this year so it's now the third quarter of 2022 and then of course what people will be focused on is what new ceo says during the earnings call which will be coming up in a few minutes it is all about the outlook and where the company is headed on a stable footing and what analysts are looking for when the ceo talking in a few minutes back to you. >> the stock is crazy. thank you. >>> up next, world bank president on whether the central banks put the economic recovery at risk. and later, a new report on the challenges facing veterans in the y bolar market and how corporate america can help them get back to work dad, we got this. we got thi

it is pretty crazy when you look at nikola and lordstown, they still have massive market caps. the phenomenon, now and again i joke that $700 million is the new zero. there are all these companies that are valueless that have real cap. emily: he never holds back. he talked about other short seller operates around meme traders. >> the good thing from our perspective, or one good thing, they are loud. let's get back to that point we were discussing about position sizing. we don't run a lot of money in asset management. between the two funds, we are like 250, a little less. we are able to get out of the way of most of these things. when you look at what happened, last week, another short activist came out on company casava. the day after that came out, that stock was up 550% and i think it has been up since then. the bottom line is, you cannot be large in these positions if you need to get out of the way quickly of the reddit crowd and meme traders. they don't necessarily start with the question, what is a really good company? they sometimes start with the question, who do we hate

like lordstown motors, all right?ean, at least today to people initially with the company when it ipo, i think several of them are gone. they were pretenders. we shorted a company earlier this year called xl fleet, a vehicle electrification space. so, we play, i like to say when we do something like this, when we are looking at these next-generation green tech or whatever hot technology it is, we plays a man not the ball. playing the ball would be the technology. does it work? let me get my scientists out here. our scientists arguing publicly with the company scientists, our scientists will always lose in the minds of the long-haulers. but if you play the person, ok. b what is this person's background? what are some of the egregious things that have said? that are really core to the thesis? that if we scratch the surface, oh my gosh. these are not true. or, these are massive exaggerations. so, if we see exaggerations and misdirection analyze that are significant in ash and lies that are sick -- and lies that are signi

shares of lordstown down the company once again pushing back production of its truck speaking of evs,

btig did cut lordstown saying the production will not ramp up until the back half of next year and blink reporting record revenue numbers and you look away ten seconds you miss a lot in the ev space. the market ridiculouslessness calendar is in the latess 90s. >> a busy one next week. retail earnings and big tech names like nvidia which what a run also >> yep, and you'll have cramer to play with out west as he goes out west. >> can't wait. >> and retail earnings let's get to the half. >> carl thanks so much welcome to "the halftime report." i'm scott wapner the week that either confirmed the rally or questioned it joining me for the hour, kerry firestone, co-founder of market rebellion. the winning streak yields and the ten-year note yield 157. 1.57%. we'll get to that debate and it's a good one to have, but we have to get down to d.c. kayla tausche has breaking news. >> the white house is confirming that president biden will hold a virtual bilateral summit with china's president xi

and lordstown motor soaring ahead of its quarterly results expected this afternoon. it completed a deal to sell one of its plants to foxconn. >> the question for investors like you is how do you make money in an inflationary environment, something we haven't seen in years, really, decades? we are making that the focus of today's buy this sell that segment. stock picks and pans in financials and staples, two sectors our next guest says stand out amid inflation sarat seppi is a managing partner at dc l.a., also a cnbc contributor. he says you can just jump into the sectors, willy-nilly you have got to know which ones to buy good to see you. start with financials, which could stand to gain generally in an inflationary environment with interest rates rising. tell us which one you think is buy, which is a sell, and why. >> the one we would focus on here is bank of america. it was one of the best run large cap banks. and they are very sensitive to what we call net interest margin each a 100 basis point jump could -- you know, their earnings could move up 9% on that in addi

it now owns the auto plant that was previously lordstown motors and you have an established plant thatready to go if you are apple and you go with a contract manufacturer and that decision would have to be made early '23, in that timeframe and you would have the pieces come into play over the next year that would give you a real indication about whether or not we could make this timeframe in 2025 >> there is enough speculation around it when apple hit a new 52-week high on this report. 157.87 so it's about 40 cents or so phil, while i have you, we're showing apple it's the biggest company on planet earth and it's also worth noting rivian which took a 15% dive on this news, and you know you have been astounded like everybody else has with the hyperbolic market cap that this thing's been straight up. it's been crazy. >> right i'm not surprised that it's moving lower. >> parabolic >> overall, people looked at this report and i talked to a number of people in the auto industry and everybody said the same thing it will fall at some point and it doesn't mean that this company doesn't have gr

beyond meat, nvidia and affirm holdings and lordstown, there could be a lot more investor interest inames given some of the catalysts we have been seeing news wiles for some of these stocks. >> we'll see what we do at the winning streak, if we break that five-year winning streak we'll talk to you soon, that's dom chu. >>> coming up, the final news day at cop26 diana olick will wrap up some of the agreements made and what it could mean for your investment >>> john deere has options offered by agricultural machinery. we'll geant update on where things stand kw "squawk box" will be right back. . let's go! (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. every day in business brings something new. ( so get the flexibility of - the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now

lordstown motors, meantime, sputderring lower after reporting another quarter with no revenue the evuck in q3 of next year. stock is down 70% just since the start of the year. and finally, warby parker revealing its -- and a wider-than-expected loss the shares are up 3% company is saying more people going to stores to buy those i products, verses online as we continue to see it decline out of the pandemic. >> let's turn to j&j the latest giant company to announce its plans to splits up. meg. >>> well, for the longest time, j&j has been this massive conglomerate today they're going to split off the consumer health business into a separately publicly traded company it plans to complete that in the next 18 to 24 months this has iconic brands like tylenol, bandaids and many others this will become its own separate company j&j ceo joined "squawk box" this morning to talk about the rational behind the deal >> with our pharma and medical device business tends to be more of a business relationship, compared to the consumer business and most importantly, where we see things going to the futur

. >>> tesla, lordstown lower rivian automotive just below the flat line and a big winner let's get toook at tesla. >> hey, scott. tesla is a company that people are watching not because it's the market leader but the fourth quarter could be record high deliveries topping a quarter million vehicles at least that's the estimate coming in as an estimate of 266,000 vehicles delivered and potentially getting real close to 900,000 893,000 is the delivery estimate for the full year. the model y is a bick part of the success that tesla enjoyed new data out of california shows how strong the model y is. company sales in the state up almost 64% and fifth selling vehicle of any vehicle in the state of california. tesla market share up to 5.5%. all of this comes as we see increasingly optimistic revisions when it comes to ev sales forecast the latest from joe raising the ev penetration forecast believing that they will make up 15% of the u.s. market by 2025 and globally will top 50% i think he said by 2050 and much more optimistic than people out there. >> phil, thank you tesla biggest drag on th

lordstown motors, from 32 down to 5.ot been able to deliver. so if rivian doesn't deliver, all heck will break loose, valuations will matter which it doesn't right now. and just all you've got to do the is look at comparisons. gm and ford both do $130 billion in sales and have a market cap less than 100 with. rivian just delivered 42 cars to employees, and they're over $100 billion. so be very, very careful. neil: you know, i'm not besmirching this technology, far from it. i'm very impressed with it. i just do wonder when so many automakers, involve slow wants a complete electric vine -- involve slow, so many are, i'm just wondering whether the people behind it are rushing something that might for an appetite that might not be there. what do you think? >> i think you said something earlier, neil, about forcing down throats. i just wonder about that. you know, economics is about demand for whatever's being supplied, and if there's too much supply and not enough demand, forget ability it. and, look -- forget about it. i ju

kind of doubt that bill will pass, in my mind >> one last question project pear will be built in lordstownconversations going in terms of the plans for getting that plant up and going and production started there >> it's going great. we're on target with that program. it's really exciting it's a real innovative program, obviously. so we have a lot of innovation discussions right now, also related to manufacturing we want to innovate not only with the car itself and the technology but also the manufacturing, and of course, what needs to come together as well is battery, and we have just announced a battery deal, so everything is running exactly the way we want it >> henrik fisker, the chairman and ceo of fisker. it's a tight day with a lot of earnings reports we appreciate you joining us and i know you have to go to an earnings conference call sara, back to you. busy day with fisker reporting its q3 results a loss, just a smidge worse than expected but nothing major >> phil lebeau, thanks to you for bringing us that interview, and our thanks to henrik fisker as well. >> the s&p 500 has rall

lordstown is truly moving, down 20%. >> we'll get the bad one out of the way, they delayed the launch to launch late next year. then you have blink charging, this is an ev charging company. not only is it up 17% -- well, now it's up probably 30% on the week. why? you have the infrastructure deal and thest catalyst is their record revenue that they just reported. it's showing they are growing fast because people are adopting evs much more quickly. and caesars entertainment, they were initiate at a buy, they're at 105 now after a gain of 3.5%. the rice target they got -- price target they got was 191. they've got the casinos, the digital casinos and hotels. stuart: all right. got all of that. thanks very much, indeed, lauren. >>> let's go brandon has become a popular chant across much of the country, but peloton is not ongolder -- onboard with it. they're banning that phrase from their very expensive bikes. mayor-elect erin adams -- eric add ams refuses to back down. watch this. >> there are very few things that intimidate me. new yorkers are not going to live in fear, and we're not goi

shares of a lot of the ev makers this morning if you are, you are seeing a whole lot of green arors lordstownt up 6.6%. tesla up 3% across the board meantime shares of sofi are posting a smaller than expected third quarter loss and revenue above the street's expectations. you see that stock up almost 16% this morning anthony noto joins us for a first on "squawk box." interview. we mentioned the better than expected numbers maybe two of the areas that jumped out for people in terms of the membership 2.9 million members from 2.6 earlier products 4.27 million verse 2.67 million an earlier quarter those are two areas keying off things what happened where you found membership growth and secondly where all these products are you are putting out there? >> thank you, becky and first responders around the world that have given their lives or defending our country or have previously defended or country i want to acknowledge all them on this veterans day it's a special day for sofi. this culminates a year of us achieving many milestones in an all out sprint the results yesterday reflect the hard work ov

other pharmaceuticals jnj on track to add 35 points to the dow at the open, election vehicle maker lordstownding bill would give wealthier americans tax cut ten times bigger than middle class according to a new report cheryl casone has more. cheryl: good morning detain this analysis from the nonpartisan tax policy center says president biden 1.85 trillion dollars local spending by many passes, 20 to 30%, households will pay more income taxes in 2022 breaking one of the president'ss promising tax hikes would only affect americans earning over 400,000, one million dollars or more could get a break on taxes -- households earning 50 to 100,000 dollars by the way, democrats plan to vote as soon as next week. elon musk continuing his massive stock sell-off this morning, ceo -- 87 million dollars one thing or another of shares in the company this after nearly 5 billion earlier this week pledged to o sell 10% stock, stock down a half a percent this morning, much world's richest person according to bloomberg index. >> -- a day after asking for mistrial closing arguments to begin monday, rittenhouse c