nasdaq down 2.41%. underperforming the market down for the sixth time in seven days and off 7% from the highs small caps down 1% we have more with karen karnio will have tambour and facebook in the s&p 500 after the whistle-blower that leaked documents around facebook revealed the identity on "60 minutes. former facebook chief privacy company and general counsel on the legal jeopardy facing the company. lindsay bell is still with us. tiffany mcgee and jj kanahan joins the conversation first to you, mike, on the selling today. what precipitated it we saw little bit higher treasury yields. is the bull market thesis still intact economy is doing well and stimulus in the system and that the market can climb this wall of worries >> broaddy speaking it is still intact and undergoing a stiffer test of a while. calling it really a reset and what's being reset expectations lower for earnings and really how relentless the market climb had been going into september. we have gotten the end of the streaks when we go

they have the option now to go to the nasdaq 100 esg or the nasdaq 100.hey don't care so much about the esg. it is not about something being more expensive than the other. alix: how much would investors be willing to pay for something greener? before i let you go i can't let you go before ask you a question about crypto. invesco hasn't physically back cryptocurrency. do you regret not going to futures route? why did you decide to go with the hard physical asset? anna: i cannot say i regret not going the future route. we had a product and registration. when you look at the compilation of the value of the etf, it is something that we want to bring to our clients. alix: really interesting development. alix: the chairman of the joint chiefs of staff says china is the greatest geopolitical threat to the country. in the peer to peer conversation. >> i think it is china. i said that publicly many times. i think we are living in a historical -- we are seeing the rise of a country that is unlike anything we have seen before. it is one of the great pivot points we

there's the nasdaq though.nd a quarter percent to the downside a loss of more than 325 points steve weiss, i s

they also love the visibility they got through a nasdaq listing.e are some uncertainties about whether joe biden's economic plan will pass, tax issues that affect a lot of pre-ipo shares and could impact founders and their decisions to go public and seek that liquidity or raise additional funding on the public markets. how much do you think these macro economic uncertainties bill impact the decisions that founders and ceos are making over the next 12 months? jeff: i think it is driving stronger activity in the private equity of that companies. sponsors are looking at alternatives between a trade sale and liquidity. with a tax change is coming next year, a lot are moving to take the company's public this year as opposed to waiting until next year. this week, you saw advent international bring out old plaques, which raised $1.5 billion, at first watch, a great restaurant brand on nasdaq. emily: with the pandemic, we are coming out of it, but you have had more virtual listings, less people coming to the nasdaq itself. do you see more of a blended list

big move, what did they offer you that the nasdaq did not?nity to rebrand the company, at its fundamental core. you know, we sold a couple of different businesses and we were really now focusing the business on our wolfspeed silicon carbide business so it's really an opportunity to rebrand and the new york stock exchange really did a good job in working with us on it today. it was a wonderful day. we had a number of our employees join us on the floor of the new york stock exchange today and it's just really an opportunity for us to really focus or business on silicon carbide and being a powerhouse semiconductor company. >> now silicon carbide, those are more efficient but they're also more expensive, correct? >> well, silicon carbide technology is dramatically more efficient than silicon, and that's the technology that we pioneer. the entire semiconductor industry has been based on silicon for the last five decade s, in fact there's a whole valley in california called silicon valley. well we're pioneering silicon carbide, it's way more effici

nasdaq and big tech down pretty big. look at that 202 points on the nasdaq futures. not a lot are trading right now. guess what, nasdaq off well more than 1%. pricing yields back 1.55%. maybe the biggest story now spiking energy prices. that is just in the u.s. at $6.40. natural gas hitting all-time highs. natural gases going on the spot market for 25, $30 you've got oil on the ride here a lot of talk we could see power plants in china back to oil and increase the demand for oil. by the way, this european natural gas and energy is a big one. we can get ahead of all of this with the bank of america commodities research as we said, european energy prices are soaring to levels never seen before. in some ways, if you look at the european power prices, if you convert $200 u.s. per barrel and that's hitting stocks. let's go to juliana. we are ringing the bell. i got to imagine this is a huge story where you are. >> this is a big deal, absolutely this spike is in europe is a big deal because it is now becoming a global problem. we are seeing record prices in asia let me tak

the major averages headed for a third straight week of gain, today losing across the board and the nasdaq biggest loser now down by more than 1% we keep our eye on yields always the ten-year note yield touching 170 earlier and it's dipped down to 164, but we do keep our eye closely there. our first headliner today is one of the world's best ever investors. the fact is when david tepper speaks, markets listen let's welcome in the founder of apple management david, welcome back. thanks so much for being with us >> how are you doing >> i'm good. i'm good it's great to have you especially at a time when stocks are basically hanging around record highs and the ten-year, the yield has been tick up i said it's dropped 170 earlier and do you like the equity market here? >> like i like you, scott or like on a personal basis or -- >> personal, professional, however you want to characterize it, david. >> look, i like it as a long-term instrument that everybody needs in their portfolio. >> okay. do you like it for the risk reward right now in stocks given where valuations are relative to where rates

the nasdaq, the weakest, still only

look at nasdaq, home of big tech.antly lower. we're talking in percentage terms right there. this is why we got a problem with big tech and the nasdaq. the yield on the 10-year treasury gone back to the 1.50% level. price of oil, nearly $78 a barrel. opecs its meeting. that is the markets. now this. >>> at harvard business school they're getting a taste of reality. you can't stop youngsters mixing, mingling, partying. almost all classes on harvard business school are on remote. covid outbreak from all the partying killed in-person teaching. harvard embarked on very heavy heavy-handed restrictions. according to "wall street journal" stop all indoor unmasked activities. mask up, kids. limit in-person interaction with anyone out of your household. forget the date. forget all group activities, cancel all group travel. my point here this kind of reaction to covid is not sustainable. we can't keep going with draconian restrictions every time there is uptick in the caseload. covid will be with us for the foreseeable future.

the nasdaq down by about 45.up sharply yesterday, there was afterhours news that we'll talk about in a moment that reversed fortunes for the nasdaq and tech stocks treasury yields continue to climb. yesterday the five year closed at the

the nasdaq lifted by about 1.4%. the nasdaq 100 now down in the premarket.got apple and facebook still in correction territory, as is nvidia. also right around oversold conditions, so the question really does become is a growth story in a rising rate environment. what is a growth story if inflationary pressures proved to be a little bit more consistent than some folks priced in? one of the bright spots in the premarket belongs to palantir technologies, with a 100 when he $3 million u.s. army contract -- with a 123 million dollar u.s. army contract. american airlines, catherine o'brien at goldman downgrading american airlines to sell. you talked about the september quarter and into 2022 because of higher prices for fuel. tom: the markdowns for earnings are coming down to the zero bound. romaine: this is coming up a lot here. people are trying to stay optimistic for earnings season, but when you look at the cost pressures these companies have felt in the inability to pass these on to consumers. tom: why do you have manchester united up there? romaine: it is a

the nasdaq pushing more into positive territory.onnell offered democrats an option to end the debt limit impasse. this would definitely be nice to shake the logjam. amanda: we have already seen some reaction in the markets to the suggestion there could be an olive branch. we might expect some more reaction. this does appear to have some traction. we have been hearing from secretary of state antony blinken. he says the u.s. wants china to act responsibly when it comes to addressing the potential impacts china's ever ground -- evergrande financial crisis could have. this was the story before the debt ceiling overtook on the question of contagion. when blinken says responsibly, what does he mean by that? what does he want from china? >> the comments we have heard from the white house on the ever grande debacle. we have -- you could read the comment as being marginally provocative, that china will act irresponsibly. knowing full well as he does the mass around ever grande debt was preceded by policy emanations from president xi jinping

chinese internet especially within the nasdaq 100 because there are a number of them within the nasdaq 100, you see here, netease, pinduoduo and baidu is off their session highs. one of the big etfs, kweb still up a percent to put things in perspective, if you take a look at the period we've seen in the last year that particular etf that attracts chinese internet stocks is down roughly 50% plus from where we've seen it over the course of the year just in a year-to-date period. a little perspective there on southeast bounces that we've seen with regard to these chinese internet names they still got a long way to go to get back where they were earlier this year. >> certainly quite a decline there. thanks so much for filling us in there. we want to bring you in now allow. thank you for joining us curious for you thoughts on what dom just laid out. what are the opportunities you see now in the nasdaq? >> well, i think, first of all, thanks for having me it's a plea sure to be here. there's so many inputs that the market is trying to grapple with all these macros we're looking at the debate

highs, the nasdaq is about four or 5% from its record high. meanwhile the 10 year treasury yield it's jumping up 4.6 basis points ahead of the september jobs report which is out tomorrow morning, the 10 year is at 1.57%, and let's take a look at initial claims for unemployment benefits coming in lower than expected today, that is good news for friday's big job number, so with that, we get straight to the floor show, and we have stephen guilfoyle and scott bauer. sarge, i want to start with you we gave you the yield on the 10 year treasury, 1.5 #%, the nasdaq is higher today why are they rising tech and yield together. that's not how it's supposed to happen. >> they actually decoupled earlier this week they are no longer moving together so i don't think we can go off of that. like you said yields are rising, i expect maybe 47 5,000 jobs tomorrow, unemployment around 5.1%, underemployment 8.5% this will be strong enough for the fed to move on november 3 which is ahead of the next unemployment report, so this is the last time they get to take a l

of new all-time closing highs, and by the way, they've already been there today, the s&p and the nasdaq set new intraday records, right now we do have the dow up 14 points, s&p down just two, the nasdaq lower by four. investors dodging major earnings misses by two of the biggest tech titans, apple and amazon. our floor show traders on what the witches of november might bring and the etf's that just hit a lifetime high this week that may give you the best indicator of the true health of the consumer. not republicans but a group of democrats who continue to stall passage of the infrastructure bill, as thousands of industrial companies wait on the edge of their concrete feet for the moment where they can get some of that money to start building out this country's infrastructure, one company is out to disrupt the building of things, described as the uber eats of the bulk construction materials. the founder is here in a fox business exclusive. forget dog bites man. how about squid bites dog, as the super hot token known as the doge killer already los ing popularity to the new play-to-earn cr

at cnbc here's your top five at 5:00 more tech troubles or a turn around tuesday nasdaq futures hanging in there right now after monday's big drop many big tech names now down six of the last seven sessions >>> facebook, instagram and whatsapp back up and running this as the facebook whistle-blower testifies in d.c. all together spelling trouble for what has been a stock so far immune to bad news >>> more trouble in chinese real estate as now another major property company is skipping the bill on a debt payment are they the ultimate insiders a now formal inquiry into questionable stock trades by federal reserve officials. >>> do you need a little good news who doesn't. your morning rbi lays out why history says despite the last few days it may be a good few months for stocks. it is tuesday, october 5th and this is "worldwide exchange. >>> good morning, good afternoon, or good evening, and welcome from wherever in the world you may be watching. i am brian sullivan, good tuesday morning, let's great right now to these markets after big tech took a punch to the gut yesterday, selling, thou

dom star, for the nasdaq and the s&p 500 what's interesting is this is happening for the nasdaq even with bond yields on the rise the 10-year yield right around 1.56%, 1.57% now not exactly a tailwind, usually a headwind for the nasdaq. semi etfs are seeing a jump higher teradyne is up 11% apple is only about 4% from its all-time highs apple and microsoft, by the way, neck in neck around the $2.4 trillion market cap mark microsoft getting a lift after its earnings earlier this week ford is on pace for its highest close in seven years the company raised its guidance despite the ongoing chip shortage on the flip side northrop grumman among the worst performers in the s&p. they noted labor related and supply chain challenges. it's been a tough slog for some of these major defense names we'll ending with nice moves in the crypto space bitcoin and ethereum are on the move today. >>> president biden unveiling the framework for his highly anticipated social and climate spending bill. after months of negotiations between factions in the democratic party, ylan mui joins us now with everything

[closing bell rings] s&p and nasdaq they're doing it.ning nearly 200 points and that is going to do it for "the claman countdown." my friend larry kudlow is next. ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. president biden holding two separate meetings with democrats today, all in an effort to negotiate their 5 trillion-dollar spending plan plus another trillion for infrastructure. we've got hillary vaughn live at the white house with the very latest. good evening, hillary. what's going on down there? reporter: good evening, larry. the president sees these dueling meetings with democrats as a way to put the pedal to the metal

nasdaq up nearly 200.ike. i'm sorry, those are dow winners, i do apologize. all across the oil companies are doing well because oil has gone up to$9 a barrel. -- $79 a barrel. nasdaq up 4%. a very solid gain, $628 per share. how about facebook? they're on the, kind of in the, in the dock today so to speak. there is a hearing going on. there is the whistle-blower. that is frances haugen. she just said that nobody is holding zuckerberg accountable. that is what she just said. heavy pressure on facebook but the stock is up six bucks this morning. that is 1.8% but do remember it was down 5% yesterday. so it is not much of a turnaround for facebook this morning, although back to 332 as we speak. >>> all right in a couple of seconds it will be 10:51, that means it is time for brian kilmeade. there he is right now. brian, as you know this the largest health care provider in new york, northwell health, has fired 1400 employees because they refused to get the jab. where do you stand on this? i say get vaccinated bu

if the nasdaq were to correct, the growth multiples were to correct to january 2020 levels pre-covid.january 20, nobody thought multiples were too low we'd have a 30% correction in the nasdaq so i think when you're looking at the distribution of probabilities and whether you're playing from home or doing this for a living, you need to leave open the possibility that as rates begin to move up, as the world normalizes and multiples are going normalize. that can occur and at the same time, at the same time, great fundamental innovations will lead to value creation that will continue to be investable. >> have you changed your positioning since we last spoke in have you increased your long exposure by virtue of what the company is doing what we know from history's sake is we are entering a period that's usually pretty good for the market >> i mean, scott, every day we're in the market and adding or subtracting to positions, but we haven't had any material changes and we're playing over a longer arc, right? our largest position is snowflake which josh just talked about, and an incredible bu

nasdaq is down about 8 but i think we need to be aware about 55% of nasdaq is above its 200-day moving average going into the fourth quarter that number was like 85 or 90% internals are better than a year ago. that tells us in the next couple months we have to be more selective than we otherwise would this time of year. i brought along four names i think are worthy of our attention here these final months of the year i do like netflix. they are the anti-thing. they have not participated all summer they are starting to break out and show some leadership we would like it at 725. i like cisco as well you have had a good correction it's a long-term jar got oversold, back to support. kind of in the 52 to 53 range i think you want to put exposure on nasdaq 100 is not all tech there is consumer, too care marriott there is momentum we like marriott long. it has momentum and a great long-term chart. i think it's going to 175. then there is one name i don't want to touch. i think we have to be very skeptical of amazon. there are 60 analysts who cover amazon on the street all 60 have a buy rating

the nasdaq down by about 45. nasdaq was up sharply yesterday, there was afterhours news that we'll talk about in a moment that reversed fortunes for the nasdaq and tech stocks treasury yields continue to climb. yesterday the five year closed at the highest yield since february of 2020, sitting at 1.235% this morning and the ten year is creeping up, andrew. it was almost at 1.7%, sitting at 1.685%. you're talking about real movement in the yields it has not impacted stocks but there's questions when it might happen. >> usually when it goes up, the other goes down. >> 1.8% is the threshold >> i don't know the line let's get to this morning's top movers a lot of things happening. snap shares are plunging -- do you use snap >> no. but our kids do. it is by far for teenagers the most beloved network. >> instagram is for parents i'm told. >> instagram they'll use for arty pictures but the way of communicating with friends is snap >> interesting the company, despite all of that good news from the quick family, says that

the nasdaq is up 200. the dow is up438.eting in loudon county, virginia. now we know why the dad was so angry. he claims the school covered up a sexual assault on his daughter. we'll hear from him and how the district is responding. democrats hoping to expand the supreme court. may soon be one step closer to that. the president's report on court packing will be released today. we'll tell you what is in it. ♪. dad, we got this. we got this. we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire matching your job description. visit indeed.com/hire it's beautiful out here. it sure is. and i earn 5% cash back on travel purchased through chase with chase freedom unlimited. that means that i earn 5% on our rental car, i earn 5% on our cabin. i mean, c'mon! hello c

now it is down 365 s&p 500 down, nasdaq down 3. % wti crowd is the $78 a barrel arc seven-year high as opec reportedly decided to keep production at relatively current levels nearly a 3% gain today energy stocks the best performers in the s&p. devin up 6.5%. marathon gaining almost that amount facebook seeing its biggest one day decline signs last november. google and microsoft also hitting their lowest levels since july amazon on pace for its longest losing streak since 2019 the social stocks getting hit hard as well twitter, snap, and pinterest all seeing big loss today. twitter is down 6.5% could today's selloff be part of a massive reset for the market mike santoli is at the nyse taking a look. >> an accelerated day of the reset that's been going on weeks if not months. what do i mean the large cap indexes catching down to the experience of the last five or six weeks ago today it is mostly the mega caps that have take ten s&p 500 back to where it first traded in late june you have essentially swept aside three months worth of that grinding uptrend that was largely attributed to som

the nasdaq was the worst performer, 311 points lower on the nasdaq, better than 2%, led by facebook and, facebook and what's app faced a six hour outage. facebook shares sliding nearly 5% on the day, sending mark zuckerberg's wealth lower. the stock was down almost 5% at 326 and change. european markets also in the green this morning along with wall street this morning where we are watching a bounce. ft 100 up 48, cac up 49, dax higher by 53. asian markets overnight, a mixed story, worst performer was japan, nikkei down 2%. brian laundrie's sister is breaking her silence, cheryl casone with those details right now. cheryl: good morning. tessi laundrie addressing protesters outside her florida home yesterday, saying she has not spoken to her brother or ofr parents. >> do you think they're involved, your parents? >> i don't know. >> you don't know? you're not involved, your own parents are not talking to you for what reason. >> the lawyer says not to. >> whose lawyer. >> my parents' lawyer. my parent's lawyer screwed me over. i was livid. i'm not speaking to anybody. cheryl: she is not ru

nasdaq the operative term, market site in times square.ut the futures and the nasdaq, which is taking the brunt of some of the selling today, moderate down 157 points after, bviously, what we saw late yesterday with some of the big tech players with some disappointing results due to maybe things beyond their control. >> yeah, things we thought that maybe theyhad a better grasp o than other companies but we're learning they didn't supply chain issues hitting everybody. there are names like alphabet and live nation posting big gains this year. but investors on the hunt for dividends there's more names there and dom chu has that. >> the sector has been an underperformer and many of the social media companies like facebook have been under performers this year if if you look at the performance gap on the year-to-date basis, not that large, 19% for the sector overall and 22% for the s&p 500. so there have been bigger gaps at times that orange line has been above the white line and it crossed there recently so it's certainly a performance gap to

the nasdaq down 2% semiconductors down nearly 3%. we dissect the downturn to look at what is causing it this time and whether we're in for a fourth quarter to forget >>> meantime, the chase is on for energy, those stocks bucking the down trend again as oil hits a seven-year high, remaining the best sector for the year, only one in the green last month and frankly not the sector we want to see outperform. anyway, will its winning streak continue we will delve into that. >>> facebook falling after major negative publicity, plus now its services including whatsapp and instagram experiencing outage. the shares down about 5% at last check. >>> plus a check on crypto and other big movers first, dom chu with the numbers for us >>> that social story playing out a large part in the market decline right now. to give you an idea where we stand in the markets right now, it is near the session lows of this point in the stage, the nasdaq in positives as kelly highlighted, the epicenter for a lot of the weakness right now. tech and communication se

seventy-seven for the nasdaq.th stocks. >> look at the as well so i think it has to do with the ten year yield since we have a bit of relief from he got a little bit along with oil prices gas relief in commodities and relief on the ten year treasury yield that's why your see different signs and a rebound high-tech, high-growth. stu: amc. >> no rally for amc, close to three and a half% for mcdonald's more than this at the start of the session but amc do adam aaron site, he knows who his investors are his customers so he's playing to the crypto fraud accepting big.from adults going from a $200 a day they are accepting in does. stu: you can't -- yes, you can from pay and big. >> they don't have the technology up yet so shall we say, a tease for the future because into investors and customers. stu: crypto overall is doing pretty well. >> we have big.passing 55000, that's near five-month high, exceeding a topical third-quarter trading's revenue estimate for 40 dollars, $200 up most 80% rally they were predicting. stu:

we are off 1% on the nasdaq in tech.e heard about snap being that the ios and apple, supply chains are hitting them harder than we thought. we are going to be thinking more too here about big tech. without some of the participation of big tech -- if we can change up the board, i went to highlight that core deals are coming down but less so on the five-year. you want to talk about volatility? look at this. a big retail frenzy. we have had a few of these yesterday. guy: what is interesting in europe is the tech sector is leading despite what we are seeing with the nasdaq. it's retail media ledger is underperforming. while we are seeing a similar rates picture in the united states, on the content most of europe is rating it higher. the european close is next. this is bloomberg. ♪ guy: we are wrapping up the week here in europe on a positive note. european equities are generally a little higher. ftse is up by 3/10 of 1%. the cap is outperforming today. l'oreal is having a solid session. that company is delivering really stro

again, they were just talking about this session highs , dow is up 554, s&p up 56 and almost 57, nasdaq up 126. this is coming as president joe biden is headed right now for capitol hill to help his fellow democrats find a path forward on trillions of dollars in spending, will the dems come to a consensus as the day starts to wind-down in washington, will there be a vote on infrastructure tonight? we're going to go straight to capitol hill for up to the minute latest details for all of you. >> plus, breakfast dining darling, first watch, serving up investors with a hot ipo, as ceo 's going to join us as his chain restaurant makes its nasdaq debut today. and we're going to talk to the ceo with the ultimate solution to the nation's driver shortage. cut drivers out of the picture, entirely. the ceo is here to tell us all about his self-driving trucks. >> getting back to these markets because as i mentioned this to charles a moment ago you've gotta love good news makes good market news. merck is sitting at the top of the dow and the s&p right now, after the drugmaker and ridge- bake biother

nasdaq is up, let me point that out, nasdaq is up as the bond market reversed course and you've got yieldse september jobs report right after this short break. ♪ ♪ our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future... ...and in kevin's. voya. well planned. well invested. well protected. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. this halloween, xfinity rewards is offering up some spooky-good perks. like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "w

nasdaq 100 off. a lot of the heaviness will come from facebook, a hearing on the hill about a whistleblower. moderna gets whacked again, down below the 100 moving average. in the s&p, seeing that down 1.6% when every sector in the red, with the exception of energies. how much can this divergence really take hold? at some point you will get oversold. tugging -- taking a look at the 10 year yield, we had a rise of four basis points in the treasury market but that has come down to over one basis point. i don't feel the fear and the treasury market or in gold that you would think if you see a selloff in the equity market. let's get more on that positioning level. the managing partner in founder of -- strategies joins us now. where is the downside and cap to the selloff? katie: the mentor him we have seen, we have had a losses of short-term momentum -- the momentum we have seen, we have seen losses of short-term momentum. the downside momentum is the worst of its kind since we came off of the march 2020 l

the fallout weighing on tech shares sending the nasdaq lower. mike the dow is up. >> yes almost perfectly mixed in terms of volume up or down the market trying to set aside the weakness in the nasdaq down 1%. the s&p 500 has been kind of bumping around the flat line up 6% in less than 3 weeks looks like textbook low formation there. doesn't mean you can't slip back it looks poised to you would logically perhaps have a little bit of backsliding but if it's less than 3% doesn't change the story that we have in this seasonal transitional to strength later in the year in the fourth quarter look at the average stock versus the s&p 500. the russell 1,000 good gauge of the typical large cap name is doing. this is gapped out multiple times. it was doing really well the average stock beating the s&p as the mega caps lagging and then the roaring return into the market peak there in early september and now in gear again so you can't complain too much about the breadth of the market even if fatigue might set in with the rally american express very good earn

but if you take a look at the trades that really panned out for the nasdaq these ones in the nasdaq 100 advance micro all chip companies and a strong week. marvel up 9% and advanced micro up 3.5%. some of the biggest gainers on a one-week basis the biggest gainers within the nasdaq trade, chinese internet it's been a while since we talked about those stocks, but, yes, they dipped a lot over the course of the year, but look up 15% on the week. jd.com up 11 and, yes, that tech trade, john, very much in focus with some more attention being paid to those big chinese internet names listed here in the u.s. i'll send things back over to you. >> with marvel investor day this week that probably helped, as well >>> meanwhile the lone star state getting a little less lonely as tesla moves its headquarters to texas. phil lebeau has a recap of last night's annual shareholder meeting. >> the headquarter move did get most of the headlines and that's understandable that's a big deal when a company as big as tesla says we're not going to stay in silicon valley, we're going to go to texas some other news

i'm carl quintanilla with jon fortt and julia boorstin the nasdaq is on pace for the best day since augustst day for the s&p since july then shopify teams up with microsoft and oracle to take on amazon and linkedin shuts down in china then later on, lebron james' business partner mav carter. a lot to get to with mav, jon. >> yeah. we'll start with the chip crunch and supply chain pain. it's not painful for everybody leading to strong results for taiwan semiconductor posting 14% increase in q3 profits and upping sales forecast, expecting growth of 24% this year. warning they do expect capacity to remain very tight through next year. the chips the company manufactures used in all things, iphone 13 and smart phones this week reports surfaced that apple may have cut iphone production but some component suppliers refuting those claims saying they need no cut backs in orders demand remains robust but apple is likely to sound more cautious giving the supply constraint they remain a buy rating with 20% upside to the stock, guys. and this, julia, is exactly what we were talking about couple days ag

facebook around the bottom of the nasdaq 100 after ever corp. the tactical underperform list saying it sees risk, one of those? online advertising. they are expecting it to be down compared to the strong quarter from a year ago. and a rough landing for sir richard branson's virgin galactic after the space tourism company delayed its space flight test to next year. bank of america cutting its price target on the stock to $20 the a share. and supply chain issues are are hurting sales, but demand is there, so the company still expects a strong 2021, that growth is going to be there this year. and coming up in a fox business exclusive, liz talks to the ceo of gogo about elon musk's tweet which sent the shares lower yesterday, back in the green today. "the claman countdown" is coming right back. ♪ ♪ it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced securi

we about to end this three-session losing streak for the s&p and the nasdaq?2 minutes to go before the closing bell rings. the dow punched back into positive territory up 13. let's get to this. as europe and asia scramble for natural gas and oil all kinds of issues there. russian president vladmir putin is hosting the annual conference today, russian energy week. putin denies that russia withheld natural gas supplies supposed to go do europe as a energy crisis has taken firm hold of the region and the united kingdom. natural gas prices surging 100% this year. our "countdown" closer says you want to pick the right name? he has it for the runup. he is with clearbridge investments. 119 billion under management. michael what is your preferred name in nat-gas? >> we lick williams corp. williams is the largest u.s. gas pipeline country. move a quarter to a third of the natural gas consumed in the united states. what we like about williams a very strong cash flow with leverage short term of rising gas prices not a commodity produces which gets paid on volumes. we see

high for the nasdaq going back to early september.billion versus expectations of $84.5 billion. iphone, $38.87 billion versus expectations there of $41.51 billion. services, 18.28 billion versus expectation of 17.64 billion wearables home accessories come in at 8.79 billion versus expectations of 9.33 billion mac comes in 9.18 versus expectations of .23. finally ipad at 8.25 versus the forecast from the street of 7.23 apple does not offer formal guidance at this time. back to you all. >> thank you so much for that. that 3.4% is the meimmediate reaction a miss on i phone when it was meant to be a very strong i phone quarter. >> yeah, look. that's speaks to what we're seeing on the chip shortage. because of the buy issue, they can't get the phone to consumers, and that could be about 5 to 10 million iphones that ultimately continue to get a push that's going to be the call that demand continues to be robust, but the supply issues, that's sort of the overhang this is something that's going to sharp en the sword between te bulls and the b

the nasdaq is up 150, the nasdaq up 200.200 billion. president biden says he believes democrats have the framework to pass his $1.5 trillion spending plan. edward lawrence at the white house, the president delivers is a 11:15. what are the socialists saying? >> the head of that progressive caucuses she is not willing to go with the bipartisan infrastructure bill, we can vote on it today. she wants to see the language of the social infrastructure bill and have a vote today. she doesn't believe kristen sinema and senator manchin are on board, the president is saying, walking down the hallways in congress, the framework is a $1.7 trillion framework. look at some of the things in this framework, that goes to childcare and preschool, we are talking $400 billion for $200 billion and extends the child tax credit, to expand access to home care, with energy and climate investment, $90 billion for equity and other investments and $100 billion to fix the immigration system. this is a framework. it lacks language. on immigration it says

nasdaq finished on strong earnings data. the nasdaq was higher by two-thirds of a percent. dow industrials were lower dragged down by ibm. european markets this morning edging higher. take a look at europe and the euro zone where we are seeing a search for direction but solidly higher, s&p up 29, cac up 61 and dax index by 82. asian indices finishing like this. mornings with maria live right now. ♪ ♪ ♪ >> some of the top stories that we are watching this morning, fractured democrats scrambling to find new sources of renew in order to pay for president biden's 2 trillion-dollar spending bill. this as senator kyrsten sinema draws the line on any tax increases on corporations or high-income earners. the president admitting during the town hall on cnn that he does not have the votes to pass the corporate tax hike but still thinks democrats can get a deal done. lawmakers want the bill's framework by the end of the week, next week as we have been reporting. that's highly unlikely that we will see nancy pelosi's reached. the cdc signing on booster shots for moderna and johnson and

stock futures this morning the dow jones indicated lower by 50 points, the nasdaq down by 128 points this morning after we got the disappointing earnings reports from apple and amazon the s&p andnasdaq did close at all-time highs outside of stocks crypto popping once again, this time it's ether hitting a record high, it's up 55% in october if you look right here up almost 3%, more than $4,300, and bitcoin is up about .5% to almost 61,000. your two money movers, apple and amazon revenue at apple falling short of expectations while earnings in line. this is the first time since 2016 they failed to beat on earnings and the first time since 2017 that sales missed as for amazon, the company missing on the top and bottom lines and delivering disappointing guidance for the holiday quarter. this is the first time since the start of the pandemic that amazon has missed bottom line estimates. more on the results ahead. apple down more than 3%, amazon.com down almost 5%. and to rome now, president biden landing just hours ago ahead of his first g-20 summit. the president leaving behind an econom

we are down 1.3 on the nasdaq. europe it is much worse. 153 63. you are not seeing a big move in nominal yields it in compared sin -- in comparison to the nominal yield. we are in today. session lows are at -5.6%. we are just about holding on to 150. tom: everybody goes to the fx market which is the deepest market here. they look at emp. we'll have a guest up by later. but before we get to joe mathieu, this market is different than the last number of days. you have nasdaq down 8% now on correction. that is beginning to get to where there is tension. i do not see it yet in the fix. needs more prints. jonathan: heavily weighted to the euro. the highest since september 2020. that is a week euro. tom: we are pulling an all-nighter. a xiaomi from boston -- a gentle move from boston joins us after a wonderful victory. joe biden needs a victory badly. he is adjusting for 3.5 trillion to whatever he can get. what is the whatever he can get. >> that is a great question. they will tell you not to pay attention to the top line number, of course, and an inter

nasdaq composite up 86.ack with the tesla accessory king. ♪ ♪ ♪ ♪ >> my name is douglas kennedy, and i have been at fox news channel for 25 years. i think fox news had a culture that said we're going to take chances that other networks were not willing to take. he wants a government investigation into the anti-depressant industry. i had obtained internal documents from clinical trials of a drug that was supposed to prevent depression but was, in fact, causing suicide. >> i have no doubt that the medication did this. >> what was amazing at that point was that most of cable news was getting most of their advertising from the pharmaceutical industry, and we were exposing the pharmaceutical industry. this was an incredible act of courage that no other network would have taken, and all the lives that were saved because of that story would not have been saved. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthrea

the nasdaq become attractive for certain folks out there. one way to look at it from a big picture perspective what is going on with the nasdaq right now. off the session lows only down by of 25%. we are now down roughly 6% again, making a move now also about 3% below its 50-day average price on aal rolling basis. those tend to be levels in the past over the course of the year whenever those levels hit below average prices, we did see some dip buying so to speak that's on the sector level here. some of the places to watch specifically are some of the most volatile names that we've seen in that tech and communication services type trade. specifically with regard to names in semi conductors nvidia one of the more volatile names over the course of the last week or so here also financial technology, paypal and square among those names that has seen more of that swing along with the market. also zoom video. some of the higher growth oriented names and chinese internet remember a big story a couple mo

dow is lower, nasdaq higher, s&p 500 is flat. the focus right now is of course on earnings, especially the guidance bob pisani is following that from the new york stock exchange, hey, bob. >> hello there, scotty good to see you. bottom line so far is earnings are good they are just not as good as they have been in the prior several quarters let me show you. right now, we've only got about 20% of the s&p reporting it's very early. some big names not out yet but we are beating by an average of 13% 12.6%. historically the beat is 3% to 5% but in the three prior quarters, the beat has been 20%. the numbers are good, just not as good. we are this the fourth quarter this is how stocks are pricing for fourth quarter estimates, flaltenning out in the estimates, we are expected to be up 22%, 22.7%, but a few weeks ago, it was essentially the same, 21.7 in july, it was 17 so you see kind of flattish. highs for the stock market, and flattish earnings sort of not going up anymore that's a divergence traders are paying attention to demands ha

. >> we are live from the nasdaq market site at times square. i'm melissa lee. we have a busy night of earnings all of these companies on the move many of the calls are just getting underway plus, we are trading the record rally. the s&p 500 trading at a fresh all time high. and later ups delivers, handing in its best numbers in six months >>> we start off with the tech earnings trifecta. we have full team coverage of this report. julie is standing by and dierdra. hey, josh. >> microsoft had rallied hard, up about 40%, hit a new all time high in today's trade. 227 on the bottom. not clear if that's comparable to estimates i checked in with kirk who said strong results across the board. impressive in the cloud. continues to outperform at 48% commercial up 21%. most cloud businesses are accelerating keys on the call were kirk he rates microsoft outperformed, well positioned to capitalize in the digital transformation he said the call starts at 5:30 eastern. back to you. >> thanks so much. josh lipton. you may look at after hours action and say nah, but the context

energy is the outperforming sector and nasdaq gaining.me. >> optimistic start to october after sloppy september i'm wilfred frost with sara eisen and mike santoli we were up 483 at the close on the dow. 1.4% the high of the session 646. as you can see there from that intraday chart well off the lows similar story in terms of the intraday movements the nasdaq up 0.8% all three of those down sharply for the week the s&p down 2.2% for the week coming up, jim cramer on whether the market bounce back is sustainable. the new initiative, the investing club merck fueling the comeback after encouraging data of the new covid anti-vile pill we'll discuss with dr. fauci on what the treatment means moving forward for the u.s. paul hickey is still with us and emily hill joins the conversation mike, i guess one looks at this close positively and like the futures. are the worst possible indicator for where to end every single day. >> exactly they have -- you had dramatic moves overnight. reversals in the day what happens with a bit of a stressed market.

s&p and the nasdaq were up more, they were up by 1.7% the s&p up another 17 points nasdaq another 57an sachs those are expected in the next hour the stock up ahead of those results you see up about 1.5% based on all the sontrgs earnings we got from banks yesterday. we'll be right back. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire so to accelerate growth, should all our it move to the cloud? well, it isn't right for everything. the cloud would give us more flexibility, but we lose control. should we stay, should we go? ♪ ♪ ♪ darling you got to let me know, ♪ ♪ should i stay or should i go? ♪ we have tons of data at the edge, but we have to act on it in real time. ♪ if i go there will be trouble ♪ and we need business insights across all our data silos, but how? ♪ so come on and let me know, ♪ ♪ should i stay or should i go now? ♪ ♪ should i stay or should i ♪ wait, we can stay and go. hpe greenlake is the platform that brings the cloud to us. and it'll accelerate our... o

the damage done to the nasdaq, remarkable. tom: let's look at big tech.epsico was an organic revenue lift. i wonder if that is what we are going to see away from technology. with christopher marangi coming up we are going to get a feel for what the revenue spirit will be. jonathan: i will speak to the cfo in a couple hours time. apple down 11%. if you had to take your pick, earnings on the 13, what would you be looking for? tom: i would be looking for jp morgan to say, businesses out there, they are adapting. maybe you see cost-cutting at the bank. they are always talking about that. you are going to get tack and i will watch the revenue line. bloomberg intelligence is brilliant on counting new iphones. the abramowitz house is going to go iphone. jonathan: lisa, where do you want to be? lisa: in tom keene's house were even his dog has an iphone. tom: that's right. lisa: that is not my home unfortunately. are we seeing peak supply chain disruption? is that what we saw? the amazons, apples, facebooks, are being affected by this outage. is this the turning p

jonathan: the nasdaq included 1% away, let's talk about tesla. can we say congratulations elon musk? a $4.2 billion deal at 120 billion dollars to the market cap of tesla. we have a $100 trillion stock. tom: a different -- a $1 trillion stock. tom: it is long -- log convexity. it was accelerating yesterday over that $1 trillion statistic. jonathan: you've got to love elon musk. tesla is very much a production ramp problem. lisa: elon musk of about to become almost twice as rich as the next richest person in the world. he might become the world's first $1 trillion man. people pointed to the fact tesla still has a junk rating. my question is what does it indicate that we are looking at companies that have gotten ahead of their skis in terms of evaluation trying to figure out what these companies are. jonathan: we know it ups is. the earnings come in. a reason to year end for ups. adjusted etf's. a nice bead for them. tom: out of atlanta you know they are rooting for the braves against the astros. they permeate the american economy. i see guidance t