casino companies with big business in macao. >> does xi control macao completely >> macao is a specialon but like hong kong you can see it beginning to go closely with the party line coming out of beijing, certainly with where it concerns the zero infection policy we've seen and xi jinping just doubled down on that again. that spells trouble for these casinos. don't forget they're in the middle of concession renewal, that is, they're applying for their licenses to come up again and i think there's concern on the part of efforts about whether the power to consolidate could spell challenges and hurdles for the u.s. companies. >> are there chinese soes that could do what las vegas sands down to operate >> they are. they operate competitively in macao. but there was a surprise bidder in an asian company, not chinese, that operates theme parks and the like and they came in and resorts in the united states, came in with a surprise bid to give competitive challenge to these other companies that hold the license. >> fascinating stuff brian sullivan standing by with a cnbc news update. >> all r

is not so the places that the casinos that have facilities in macao, scott, they're looking at thise no clarity about when the covid restrictions are truly going to lift, when we're going to get a rebound. the prediction is generally that when macao reopens, they're going to get a vegas-style rebound, only with bigger gamblers and amenities that are beyond gambling, so they'll have a lot of money they've got to get there first >> so that's what you think this is about lvs down 20-something percent this week. >> that. we had a report from morgan stanley estimating that the casinos generally in macao have lost $1.5 billion in the third quarter alone, in the sixth concessionaries. there's a surprise bill. bill hornbuckle told me we're taking this very seriously don't forget the rising rate situation and the impact that has on access to capital, which could be very important. and i think investors are spooked by that. they're curious about whether that's going to be a problem coming down the pike one more thing, the asian gas -- take wynn for instance, craig billings told me on a panel

policy is affecting much of china's economy, you mentioned the sector i cover, gaming and gambling macaohe covid restrictions right now. the estimate is the sixth licensee, six casino companies operating there, three of which are american, are losing $1.5 billion per quarter. tell me a little about how you think this policy affects u.s. companies and the u.s. economy >> well, i think this is having primarily an impact on the chinese domestic economy not on our economy china's end of global supply chains actually held up quite well, but there's no doubt that because of zero covids chinese economy is on an unsustainable path now and why i believe that the chinese government and communist party leadership, always turned to pragmatism, course correcting, fixing mistakes has to do that. they can see clearly as i can otherwise the economy will continue to struggle so i expect that we are going to see a pick up in vaccinations, and that after the winter flu season is over i expect the end of lockdowns which has been the main barrier to grow. >> great to talk to you. >> maybe a pivot in china. >

we are looking at the macao can see knows as well. overall, a tesla mess when it comes to sales.gmm is looking like this. a sea of red. the kospi, taiwan, nikkei, australia seeing 1% drops across the board. the dollar getting a lift from those treasury yields that we saw. rishaad: over the next hour of bloomberg markets, we will be having a look at the geopolitical position that india is finding itself in. we will be talking to the asia society policy institute. hang seng at the moment leading stocks down in this part of the world, off by 2.1%. ♪ millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... save hundreds a year on your wireless bill over t-mobile, verizon and at&t. just take the xfinity mobile savings challenge today to see how much you can save. national braille press, em

stuart i know what's wrong, that's china locking down because of some covid which would really hurt macao: that is absolutely the story is, why wynn resort is the worst performer. and i ask add to that, citigroup cut its estimates on macau -- stuart: what is with china and this zero covid policy? lauren: i know. i wonder after the weekend if they start to loosen up a little bit. maybe they just immediate to get to that and then they can loosing up and meet the world where the world is because this is hitting their economy. stuart: it sure is. rivian, they're down sharply now. lauren: they've recalled nearly all of their vehicles, let's say 13,000. at issue is a steering fastener. the rivian could essentially lose control. they're not saying don't drive it, but this is definitely a pr problem, a recall for this many vehicles. stuart: okay. i see carnival is on the list. i'm not particularly interested in this -- no, or wait a minute. [laughter] i don't know why it's down so sharply, but i know you're going to tell us about them fining unruly customers. lauren: i just always like to give yo

split the company between its macao and u.s.e seeing that response to what is still at this point a passive stake re" resqwkn e th stetstraight ahead for you personalized financial advice from ameriprise can do more than help you reach your goals. i can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. and it's easier than ever to get your projects done right. with angi, you can connect with and see ratings and reviews. and when you book and pay throug you're covered by our happiness check out angi.com today. angi... and done. >>> welcome back i'm bertha coombs. here's your cnbc news update at this hour. officials in major ukrainian cities are reporting a massive wave of russian attacks. the mayor of kyiv says that supplies have been knocked out for more than 80% of the city. russian authorities say they attacked military and energy targets. >>> in brazil, a mixed reaction to da silva's narrow wi

that steel utilization up obviously, you know, just reading what everyone can read, you know, with macaointeresting data point in terms of these -- again, these on again covid lockdowns in china hopefully coming to an end. >> i wonder if we can bring up the chart again, the baltic dry index. we've seen rates fall pretty dramatically in recent weeks, in recent months. is this a reversion to the mean, if you will? is this moving past the pandemic to a normal? and if so is it a new normal how do you see it with the rates? >> first of all, put it in perspective, we're talking about 17 to $20,000 a day rates versus our cash around $8,500 these are still very healthy rates. we use 2021 and most of this year we've paid off 60% of our death with those cash flows and we're able to put a very strong dividend policy in place you know, again, i look at what is coming or what we believe is coming into the fourth quarter, and then hopefully a recovery next year is going to be led by china. it is going to be led by the real estate and their infrastructure spending. >> we can't have this conversation lo

of the districts is back in lockdown. iphone city, tightened restrictions, once again, and beijing, macaory much you can see there as stocks a little higher overseas this morning after some punishing losses yesterday >>> still to come, we're awaiting results from boeing that's coming in a couple of minutes. we will bring you those numbers and the instant market rctn.eaio the stock is flat ahead of the release. the new iphone 14 pro is amazing. the camera is incredible. and you'll get our best deal. nice, but i can't accept it. unless every business gets the best deal. on every iphone. uh, actually... we already do that. the plumber with the ascot! 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. (♪ ♪) ♪ >>> good morning welcome back to "squawk box. take a look at the futures right now. these are turning around a little bit with the dow. up now about six points. we were in the red before. nasdaq still off 174 points on the back o