still in tact, melissa lee. >> no, i understand. i remember having that conversation right here on the desk, it's amazing how in tact it has been. but karen -- steve made the call that he's willing to give up whatever upside there is, and i think this is the dilemma that most people have with nvidia, right? you see the stock continuing to go to record highs. i don't want to sell, i don't want to sell, because i'm worried i'm going to miss the next -- >> whatever it is. >> ten points. >> whatever it is, so, what do i do? >> how do you weigh that. >> i look to sell out of money calls. so -- you take in some premium, obviously, if there's a big way down then, you know, that premium doesn't do you enough good. but anything sort of flat to up a little is good. and you can continue to -- you don't have to realize any gaines. that's important, and if you are short-term, if you sell calls out at least 30 days, you can keep aging your position to get to long-term. so, for me, a lot of it is tax-driven. >> right. >> and i kind of want to stay

i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. >>> a milestone dale foy for st. the dow closing above 43,000 for the first time ever. and the nasdaq closing in on a milestone high, as well. less than a percent away. it was also a historic dale for nvidia. shares closing at a record high, up 8% in the last five sessions. the first time since june the a.i. giant has closed at an all-time high. the chip maker topping 3$3.4 tri trillion, apple at $3.5 trillion. what does this say about the health of this rally, maybe just the strength of nvidia itself, guy. >> first of all, people should know that mel is playing hurt today, and, you know what? >> they can hear it, but -- >> you should be acknowledged for coming in on this columbus day. >> there's no i in the word melissa. >> there is an i and tim. and a me in seymour. >> often. often. >> you go back toll the spring, early spring, and nvidia had that huge move down, we had a 30% downdraft and the market took

back in two. >>> this is "fast money" with melissa lee, right here on cnbc. ref you suck! ref you suck! ref you suck! you blew the game for us! you just cost us the game! ...the worst call in the history of this sport. he should never be allowed to ref... (♪♪) ♪ i tell ya... ♪ (♪♪) ♪ how much i love you, love you, love you ♪ (♪♪) ♪ i believe. ♪ (♪♪) ♪ i believe. ♪ ♪ i believe in you. ♪ it's time to grow your business. create a website. how? godaddy. coding... nah. but all that writing... nope. ai, done, built. let's get to work. create a beautiful website in minutes with godaddy. your business needs a network it can count on... create a beautiful website in minutes even during the unexpected. power's out! -power's out! comcast business has you covered, with wifi backup to help keep you up and running. wifi's up. let's power on! let's power on! -let's power on! it's from the company with 99.9% network reliability. let's power on! power on with the leader in connectivity. stay connected with comcast business internet and wifi back-up or get started for $49.99 a month. plus a

back in two. >>> this is "fast money" with melissa lee, right here on cnbc. moving from idea to reality. in every single race, we pursue our peak potential. our people fuel that pursuit. our technical and operations teams collaborate in smartsheet to get the car to the track. we don't focus on results. we focus on what leads to results. with smartsheet supporting our operations, the results will come. ♪♪ [inner monologue] this is going to sound crazy. but i know these attack vectors. oh, had a little upgrade have we? ♪♪ okay, so that's how you want to play. ♪♪ pete g. writes, "my tween wants a new phone. how do i not break the bank?" we gotcha, pete. xfinity mobile was designed to save you money and gives you access to wifi speeds up to a gig. so you get high speeds for low prices. better than getting low speeds for high prices. right, bruce? -jealous? yeah, look at that. -honestly. someone get a helmet on this guy. xfinity internet customers, ask how to get an unlimited line free for a year. plus, a free samsung galaxy s24 fe. >>> welcome back to "fast money

i'm melissa lee, coming to you live from studio b at the nasdaq on the desk tonight -- carter worth karen finerman dan nathan, and guy adami. we're going to get to the markets in a moment. but we start with breaking news in the retail space. capri shares cut in half after a u.s. judge blocked its merger with tapestry, the owner of coach. let's get to gabriel fonrouge for more >> yeah, huge news today clearly the market hadn't backed this in. capri shares down 15%. $240 million breakup fee we just got a statement from the ftc on this moments ago. quote, today's decision is a victory, not only for the ftc, but also for consumers across the country seeking access to quality handbags at affordable prices these bags are a product which millions of people rely on throughout their daily lives the decision will ensure that tapestry and ka tri-continue to engage in head-to-head competition to the benefit of the american public. so, melissa, you might remember, in september, tap try and capri faced off until a courtroom. the ftc was arguing that tapestry's coach and michael kors, owned by capri, th

i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- steve grasso, karen finerman, courtney garcia, and guy adami. >>> china etfs pulling back in a big way. nvidia closing back on record highs and reigniting expectations for the a.i. trade. the chip maker's 4% gain today coming after foxconn announced plans to build the world's largest super chip factory. but the stock has been steadily rising over the last month, up nearly 30% in that period, far outperforming its mag seven peers. so, were concerns over the end of nvidia's run greatly exaggerated, guy? >> good to be back here in -- >> new york city. >> where are we? we had fun yesterday. >> back in ec. >> when the stock -- going back toi to nvidia, when the stock was down 35% on september i believe it was -- excuse me, august 5th, a lot of people looked at it, said maybe the stock had seen its better days. steve will talk about this, but technically, this pennant formation it's been in for quite some time has finally been broken, and appears it's broken to the up

i'm melissa lee coming to you live from studio b at the nasdaq. we start off with the holiday that seems to come earlier, with every year. that is right. we are counting down to christmas. forget about halloween. we're looking forward. 57 days. >> i hear santa. >> in the holiday shopping season, and a wide range of consumer-facing stocks are feeling the christmas cheer. the xrt retail etf gaining more than a percent today. bellwether names like walmart, home depot closing formally in the green. even luxury names are back in vogue, at least today. kering up 3%. elsewhere, the travel trade continues to grind higher. delta, united airlines hitting the highest levels since before the start of the pandemic. american, southwest, alaska air gained between 3% and 4%. are these signs of consumer resilience heading into the wh ho ho -- >> was that sandy? >> no, really. >> hi, santa. >> you're nervous. >> cracking myself up. well, you don't want to get on santa's bad side. >> no, not the naughty list. >> tim talks about the airlines trading, he's been right.

> plus, charting the next move for home builders, and is tesla's recent rally powering down i'm melissa lee, coming to you live from studio b at the nasdaq on the desk tonight -- tim seymour, dan nathan, guy adami, chris verrone. we stop with the seemingly unstoppable surge in china stocks the hang seng jumping 6% overnight, hitting levels not seen since february 2022, up more than 30% in just the last three weeks. names like jd.com, baidu soaring 9% or more etfs in the u.s. jumping, with gains in the large cap fxi and the mchi helping drive emerging markets to 30-month highs. the recent run started last week after chinese officials unveiled a series of stimulus measures to help jump start the economy. is there more room for this rally to rise? and imbedded in that question, is this stimulus actually going to take effect and work, tim >> i think it will i think it's all relative to what you think can structurally change what we know are demographic issues in china, and what we know to be a communist government, what we know dynamics that allow us to believe that this economy are going to ha

we're all ready, i'm kelly evans in for melissa lee, from the studio b at the nasdaq. and on the desk tonight, tim seymour, dan nathan, julie biel, mike khouw -- did i screw that up? >> khowu -- >> i'm sorry. and leslie is here, as well. big banks reporting results in the morning. bank of new york and blackrock also on the docket. it has been a strong year for many names. double-digit gains, jpm up 25%. but can the good times -- good times, tim -- >> good times. >> good times here. can they keep rolling? less lee slie picker here to discuss. >> great times with both of you ladies here. let's get that out of the way. >> really fun. q-3 earnings themselves, everyone is looking past those, because they're expected to be a little bit weaker, a little choppier, but the number one question that analysts have is future performance, beyond that, rate cuts can be a headwind for banks profitability in the near term, because floating rate loans tend to reprice downward more quickly than the rates paid out on deposits such as cds. that gap is expected for q-3, but most analysts ar

melissa lee is here.anking giant ken moelis, his outlook for the market, for deal-making and the fed. >> plus, sofi record net revenue in q3. the stock is lower by 10% right now. we'll have the ceo and talk to him about that move in a moment. >> can amd engineer a turn around as it lags the broader sector? >> and right now let's take a check on the

here's melissa lee with "ozempic underworld, theblack market of obesity drugs." >> reporter: not farre the rocky mountains in boulder, colorado, is an ordinary suburban neighborhood. a quite, tree-lined street and this modest home. not the kind of place you would imagine an investigation into black market ozempic could lead. but it did. our look at the counterfeit weight loss drug started with purchasing the drug online. what we found is it's part of an international marketplace where criminals are kocounterfeiting these drugs or buying them on the cheap and illegally shipping them to the u.s. to turn a profit. the main target, ozempic. >> discover ozempic. >> reporter: welas well as wego. all in a class of wildly popular weight loss drugs known as glp-1s. the ozempic we bought cost $219, while the real drug goes for nearly $1,000 for a month's supply. the company's website and corporate documents claim the operation is located in boulder, colorado. but the ozempic we ordered from labor beauty was shipped from this office building in china off an elevator and behind this unmarked doo

i'm melissa lee live from studio b at the nasdaq. these are my guests to night. we start off with the latest escalation of tensions in the middle east. iran confirming it launched a ballistic missile attack on israel, this after israeli ground forces entered southern lebanon and killed a hezbollah leader. markets dropping on the news, did close off the lows of the session. the s&p 500 down just about 1%. the dow shedding 173 points. the nasdaq the biggest lagger, dropping 1.5%. hit been down 2.25% at lows. meantime, crude oil and gold prices were higher. volatility hit the highest level since mid september. the yield briefly dropping below 3.7%. let's get more on the developments in the mideast. let's go to where tomorrow's iran president and officials of hamas are expected to arrive. >> we're told by officials with knowledge that the president of iran who still come here to qatar tomorrow morning, less than 24 hours after iran fired on israel from across the water there, almost 200 ballistic missiles were hit out the sky by israel, by the u.s. and allies of isra

. >>> this is "fast money," with melissa lee, right here on cnbc. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. tamra, izzy and emma... they respond to emails with phone-calls... and they don't "circle back" they're already there. they wear business sneakers and pad their keyboards with something that makes their clickety- clacking... clickety-clackier. but no one loves logistics as much as they do. you need tamra, izzy and emma. they need a retirement plan. work with principal so we can help you with a retirement and benefits plan that's right for your team. let our expertise round out yours. pete g. writes, "my tween wants a new phone. andhow do i notan that'sbreak the bank?"team. we gotcha, pete. xfinity mobile was designed to save you money and gives you access to wifi speeds up to a gig. so yo

i'm melissa lee. on the desk tonight -- we start off with chips getting checked in a big way today. shares of asml sinking. the move coming after the semiequipment maker said bookings came in well below expectations. we have a weak sales forecast for 2025. the news taking a toll on other chip stocks. kla dropping double digits, nvidia sinking. the etf seeing its worst day since early september. is this the signal that yesterday marked the top in the red hot chips trade? dan, you were sort of you know, saying be cautious about this trade yesterday. >> any of these companies that are buying these high-end gpus, building out these servers, training these models, they really want to ask for forgiveness rather than permission to spend what it relates to their investors. at some point, they're going to overbuild and the orders are go to slow down. asml who helps supply these machines, semiconduct or is a 28%. you would expect revenues down 10%, fine. to guide bookings down more than 50%, it has to tell you something about what their c customers are thinking about demand in the not so dist

i'm melissa lee coming to you live from studio b at the nasdaq we start off with the great rate rally. yields on 10-year treasuries hitting highest levels since august 9th and getting within a whisper of the 2% mark the moves coming after news the u.s. economy added 254,000 jobs in september, well above expectations, and their fastest pace since march the unemployment rate also unexpectedly dipped to 4.1%. those strong numbers suggest the fed does not have to be so aggressive with rate cuts this year the chance of a half point rate cut at its november meeting going for more than 30% yesterday to 0 now was this one report really enough to change expectations so drastically, tim did it change yours? >> no. zero is shocking to me because 0%, there's 0% -- there's so many things that there's not 0%. >> there's some. >> by the way, 0% expecting the mets to win last night, yet they did. we'll talk about that, i hope, later. not 0% steve and i might be on the different sides of the boat, as it flip flopped a little bit here i think they're going to cut you were saying you don't think they're

i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, karen finerman, bonawyn eison and guy adami. >>> the doj last night setting out proposals that could lead to a breakup of google. shares of alphabet dropping in response. eamon javers has the details on this proposal and the likely next steps. eamon? >> hey there. look, this is the first look that we've gotten at what the doj thinks a post-trial google should look like. this is just a high level proposal, remember. doj is expected to offer a more detailed framework by the end of the year and a federal judge is expected to make his ruling by the summer of 2025. google lost the case, remember, back in august, when a federal judge ruled it had a monopoly in the search market, and in a court filing last night, the department of justice said it is considering a breakup of technology giant google and is contemplating sweeping changes to the business practices of the company. the doj said the measures it would like to impose could include contract requirem

. >>> and shares of hims and hers shedding some pounds i'm melissa lee, coming to you live from studio b at the nasdaq on the desk tonight -- tim seymour, karen finerman dan nathan, and guy adami. >>> we start off with a new development that could transform the digital advertising landscape. google announcing several ways it is going to integrate ads into their a.i. search engines deirdre bosa has all the details. >> hey, melissa. this has always been the multibillion dollar question for google how can it on one hand protect its existing search business, which is still bread and butter, but keeping up in an a.i. world that gives you answers in a different way google rolled out ads on a.i. overview search how to get a grass stain out of jeans, and you'll get a step-by-step answer. below that, you get sponsored linked now, that is google's playbook leveraging its dominance in search to roll out a.i. features to a broader product and give marketers and merchants a way to still reach that audience. in this format, they're reaching users below the fold, meaning that users will have to scrol

i'm melissa lee, coming to you live from studio b at the nasdaq on the desk tonight -- tim seymour, dan nathan, guy adami, and katie stockton >>> and we're going to get to the moves in the commodities and rates in a moment, but we start out with two breaking stories. shares of mcdonald's and starbucks dropping after the close. >> melissa, we'll start with mcdonald's, shares of the fast food giant down nearly 10% right now. this on a warning from the cdc that the company has been linked to an e. coli outbreak no recall has been issued. the investigation began today. the agency saying there are so far 49 cases across ten states with ten hospitalizations and one death. most of the people affected so far are in colorado and nebraska, and the cdc saying that sliver ed onions are likely the source of the contamination. we've reached out to mcdonald's for comment, we'll bring you any further updates on that story as we get them, melissa and moving to starbucks, the company giving a q-4 warning with a preliminary earnings report ahead of its scheduled earnings next wednesday the 30th it suspend

i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, karen finerman, steve grasso and guy adami. >>> we start with a monster night on earnings. kate rogers has tstarbucks, but we start with julia boorstin and meta. >> the call just getting under way, as meta beat on the top and bottom lines. meta guiding to stronger than expected revenue growth in the fourth quarter. the stock did move lower in afterhours trading. so, what would be weighing on the stock in well, the company's revenue growth was stronger than expected, but still a deceleration from the last two quarters growth rate. user figures also missed estimates. daily active people of 3.29 billion, short of the 3.31 billion that analysts anticipated. and the company raised the low end of its full-year capital expenditure range, guiding to 38 to $40 billion, up to the prior $37 to $40 billion range. ceo mark zuckerberg saying in the release that the quarter was good and it was driven by a.i. progress. also saying they have strong momentum with met

i'm contessa brewer in for melissa lee, coming to you live from studio b at the nasdaq.the desk we have tim seymour, dan nathan, steve grasso and former bridgewater chief strategist rebecca patterson. great to have you here. let's get started with breaking news on boeing. shares down after the company preannounced a third quarter loss of nearly $10 a share and said it would cut 10% of its workforce. phil lebeau has those details. phil. >> hey, contessa. we had this news about a half hour ago. not a huge surprise that the new ceo of boeing, hasn't been in the job that long, has made some tough decisions in terms of not only where the company is right now but where it is going. so let's run through all of the announcement in terms of the preannouncement for q3, a lot of $9.97 on a gap basis. we don't have a comparable estimate there but i should tell you that going into today, the core earnings loss estimate was $1.60, so about six times worse than what the street was expecting. boeing's revenue for third quarter shy of expectations, coming in at $17.8 billion. that's what

i'm melissa lee here in studio at cnbc, on the desk tonight, tim seymour, guy adami, dan nathan, and carter worth. we start off with two big factors waking on the markets. first, the rapid rise in rates that brought the ten-year treasury yield back above 5% for the first time since early august. the benchmark bond has rizsen 3 basis points in two sessions. the spread between the ten and the two hit its lowest level in a month. meantime, stocks tumbling late in the day, as tensions escalate in the middle east. the israeli military saying it will soon launch operations on lebanon's southern coast. so, does today's action mark an end to the record rally that we have seen in equities? are we going to stay above 4%. guy? >> well, first of all, we're here in ec -- >> historic. >> unusual. >> it's historic, yet, this is where we started. so, it's sort of a round trip. >> it feels natural. >> feels natural. >> we're closer than ever right now, i'm not sure how natural that is. >> what doesn't feel natural is this bond move, and listen, i usually sail our crack staff back in ec, well, they're

i'm melissa lee live from studio b at the nasdaq. on the desk, steve, karen, and guy adami. a massive night of earnings from big tech to big burritos. full team coverage. seema mody standing by on amd. kate rodgers has the scoop on chipotle, julia boorstin dialed into the snap conference call. we start off with deirdre bosa, she joins us here on set. >> amazing. >> first of all, it's a delight to be here in-person. thank you for having me. i'm listening to the earnings call right up until this moment and i will tell you that the new cfo anat ashkenazi is speaking. we're expecting to hear capex numbers. the stock has the ability to move higher or lower based on what she says. so far, though, i guess maybe the initial take away is maybe a sigh of relief for google investors. we cared about most core advertising. any vulnerability there might have suggested that all of this new competition coming online in a generative ai world is taking market share away from this business that has been dominant for the last few decades. ad revenue beat expectations, coming in a little better,

melissa lee. >>> talking small and midcap performance plus democratic congressman ro khanna weighs inh over child safety and a big story about potentially breaking up gole > you're watching "squawk box," and this is cnbc. it's changed his quality of life. leo's number 2's are really getting better. better poo, better you! that's a good boy, leo! >>> all right. get back to the markets. just under an hour to go until the opening bell on wall street. our next guest likes midcaps in the near term. joining us now is the head of u.s. small and mid-cap strategies and senior strategist for bank of america research. why midcaps? >> think about fed cutting obviously this is, supposed to be positive for small caps. actually underperformed since the 50 basis point cut. the reason ithink a lot of investors are looking for fundamentals for smaller companies and stuck in an earnings recession. we haven't seen that recovery to positive growth the way we've seen for larger stocks. i think mid-caps could be a better hedge for the near term. they've seen better earnings trends and still done well histor