had just a uniform monochromatic nasdaq rally for two years. taken leadership occasionally. even small caps have taken leadership occasionally. i think that's a healthier market than we had in the 1990s where we all recall it was tech that worked on the run it's not this kind of trade. >> over 12 months the nasdaq is up 45% >> yes but if you go back and look at the three-year returns, including the '22 bear market, then they're much more modest. down in the 20% range and much more normal on a compounded growth basis we've got to take the good with the bad. and then based on that, the nasdaq still has room to run the valuations are huge. there's no doubt about that. but valuations are notoriously bad indicator of one year forward returns. so, we've got to take that off the table and think about momentum and think about catalysts, more negative catalysts than positive catalysts. >> how are you thinking about volatility coming into the election and beyond? we're at 20 now on the vix how should we look at that >> we get a lot of questions from clie

the nasdaq under a slight bit of pressure down nearly .25%. the nasdaq laggards. pdd holdings down 4%. followed by diamondback energy and baker hughes down 2.5% and 1.5% respectively. chip maker super micro is down 1.5%. >>> we are watching shares of nvidia. the stock closing at the fresh all-time high yesterday. the first all-time high since late june as wall street looks for the earnings season. rising tide lifts all boats. check out the action in the asian chip makers with close ties to nvidia. samsung and taiwan semiconductor and foxconn. for more, let's bring in sara kunst. sara, good to see you. >> good morning. >> we just mentioned nvidia pulling back a bit, but hitting a fresh record high yesterday on a multisession win streak. i want to ask you, what do you think the catalyst is for the upside move for nvidia? a couple of weeks, we were seeing a lot of volatility jensen huang talking about the moat and boom. >> the word incredible is not be exactly a number, right? i think what we are seeing now is the fact that people love jensen and there are not a ton

the nasdaq is down more than 1%. let's look at the laggards on the nasdaq 100. super micro.t on the accounting issues. shares down 4.5%. followed by arm. big chip selloff. down 4.25%. earnings movers to the down side. meta and microsoft down 3%. datadog on the list as well. let's look at the benchmark. the benchmark at 4.29. a bit of a surprise to a lot of investors. long bond at 4.5. remember, this is the read on inflation expectations. pce coming up later today. >>> that is the money set up. back to the top market story. it's your big money mover. micr we are talking microsoft and we are talking meta. investors are spending big. microsoft expects revenue growth to come in 10.5%. right in the middle of the range. delivering more than $24 billion in sales. that's up 20% from a year ago. for meta, things appear a bit more dire along with a warning of meaningful acceleration of infrastructure expenses next year, the company reported ballooning losses for the reality labs division with ar and a.i. losses are hitting $4.5 billion. the report is casting a cloud on what investors

nasdaq up 42 points. we want to look at laggards on the nasdaq. chip stocks under pressure.arnings down 8.5%. followed by qualcomm, nxp and micron, with chip stocks. turning our attention to the election. with just six days to go until election day, we continue to see sudden surges in terms of president trump's mede media co. the company just over 70%. that's adding to the already staggering gains and adding billions of dollars to former president trump's wealth. our robert frank, he's been crunching the numbers there. he joins us more with this story. robert, good morning, good to see you. >> good morning, frank, donald trump heading into the election nearly twice as wealthy than the last two elections, the ran, shares of dj media. shares tripling. he owns 50% of the company, 114 million shares that stake now worth $5.9 billion. they account for three quarters of his total net worth, about $8 billion. if elected, he would not only be the richest president ever, he would be the first to hold office, while also controlling a publicly traded company. the vice president and pre

down 250 on the dow, down 99 4 on the nasdaq. -- 94 on the nasdaq.es a back with us this morning. rising interest rates are hurting the market. why are rates rising like they are? >> i think the treasury market is starting to price in pro-growth, pro-business policies, and that implies that main the fed won't -- maybe the fed won't have to cut as much. stuart: that's a trump presidency. >> that's a trump presidency, for sure -- stuart: the treasury markets are ea acting to that? if 4.24 on the 10-year right now. >> no doubt about it. the skeptics would say, oh, there's going to be deficit spending. actually during the last trump administration the 10-year was 3w.20. so that old dog don't hunt, as the saying goes. seasonally over the last 10 years, october happens to be the worst month of the year for bonds, november is the best month of the year for bonds. so you want to sell the rumor, buy the news. after the election, buy bonds. stuart: if you think trump's going to win the election, what should you being? if. >> well, this is a controversial one.

spell it out for us as well. >> the nasdaq is sort of interesting. when sort of the yen carry trade unwound in august, we saw a lot of selling pressure in the nasdaq it seemed people were moving out of risky assets and heading into the ten-year note and u.s. treasury market. the nasdaq had selling periods it rebounded back at 17,000 or 18,000 level i should say. now it also is stalling out a little bit that is something i would be a little worried about as we get back to the downside r retracement back to the lows something where the market is looking for a bit of a pull back. >> brian stutland. great to see you thanks for being here. >> yup. >>> coming up here on "worldwide exchange," private equity looking to further investment in the world of sports. the multibillion dollar deal apparently taking shape down in south beach. stay with us and the convenient touch pad control is right at your fingertips. each tub comes standard with a dual hydrotherapy system. the ten water jets can help increase mobility, relieve pain, boost energy, and improve sleep

the nasdaq 100. and astrazeneca and mi micron >>> as we close in on the 6:00 hour, the stories we are looking at this hour mary daly supports further easing in november daly is a voting fmoc member says she wants to be data dependent and not data reactive. >>> activist jcp has a 2% stake in the cheesecake factory and calling to spin off the smaller companies. >>> and nike is signing a contract to be the exclusive uniform contractor for the nba and wnba >>> shares of s.a.p. are rallying in europe on the q3 profit and revenue beat as well as software and revenue guidance for cloud being higher for the year s.a.p. gains moving past asml as europe's most valuable tech company. >>> speaking of asml, it will further push restrictions to china. governments in europe are pushing if restrictions on the older tech going to china are working. >>> a busy line up of results lug including ge aerospace we are looking at futures hitting the lows of the morning with the dow in the red across the board. for more, let'

that is clearly helping the they can- tech-heavy nasdaq to rally. dow's down about 40, but look at the nasdaq, up 167 points. that's about .if 8%. in the bad. little change for interest rates. the 10-year treasury right around 4.22, down a little bit, and the 2-year still well above 4%, 4.06. bitcoin, $67,000 a coin, not much action. gold close to its record moving the $2,7522 per ounce. little action in oil, 71.15. gas, $3.15 per gallon for regular, $3.58 for diesel. on the show today, shocking numbers on the violent tren de aragua gang. more than 800 known members are in the country. ful kamala harris could not directly answer any questions last night about her responsibility for the border mess. the state of play in the election, trump still has the momentum. harris struggling to define just who she is. thursday, october 24th, 2024, "varney & company" is about to begin. ♪ ♪ finish. ♪ ♪ i'm picking up good vibrations. ♪ she's give me excitation ♪ stuart: what's wrong with a little beach boys first thing in the morning? depends which camp you're n.

stuart: good morning it is 10:0e a look at the money positive for the nasdaq up 13 points still minor-leagueative for the dow and s&p, dow industrial down 100 points, look at the yield on the ten year treasury, not good for investors it's moving up to 4.15%, the price of oil is on the upside about 20 higher as 7045, bitcoin strong, 67300, it is down but a pretty good weekend, now this. you may or may not like donald trump but he knows how to campaign i'm going to bring you three examples of trump getting through to all kinds of voters, first trump at a mcdonald's. >> we want trump. >> look how happy everybody is, they want help, hello everybody. >> this is compliments of trump, thank you. >> mr. president don't let the united states become brazil. stuart: he worked the fryer as you can see working the trump friar kamala harris claimed to work at a mcdonald's in the 1980s but no record of it, there is a record of the former president working at mcdonald's he went to the steelers jets game in pittsburgh, the crowd really liked him. >> usa. >> usa. >> usa. >> usa. >> usa. >> usa. >> i'm sorry i

we've got the dow down 800, nasdaq down -- 80. nasdaq down 47. ing ryan payne with me.does a 2.8 president economic growth rate mean for the markets? >> i think it's pretty good. 3.1 was the expectations. these numbers do get revised a lot, the first two the numbers this year for first and second quarters got revised higher later. so close to 3% growth is way better than any economist anticipated at the beginning of the year. as a stock market investor, stuart, i like it. stuart: yep. i use this statistic all the time, the magnificent seven, wig technology companies -- big technology companies, they are worth more than the stock market of england, germany, japan combined. when we get the report later tomorrow, is that going to keep stocks going higher? >> they're at $16.5 trillion market cap, that's 7 stocks. you think about germany's stock market, it's $2 trillion? that's amazon right there. i think in the short term, the growth rates are still better for the mag 7 than the rest of the market. and we saw last night google do -- or alphabet blew their earning out, they'

nasdaq-100 innovators. one etf.and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com >>> welcome back to "power lunch. a quick check on markets here with the dow currently down 210 points, but as we have been telling you, the nasdaq new highs up a quarter of 1% dom chu, what is in today's navigator? we'll talk about the nasdaq and going into the internals, the biggest influence, which is apple. the biggest in the stock index a big week ahead for apple they're launching intelligence a.i. products, releasing new iphone sales data, its latest earnings report is up. its stock is up over the last six months or so, and over the last year. our next guest has thoughts on how to protect the gains if you are along that stock and worried. joining us is chief stat rategit at open interest dot pro some argue this is the most important report of the earnings season by its weight and nvidia of course. take us through what you think is the downside scenario for apple and why you're

a third for the nasdaq. the big banks are stealing the attention today.n is the last time we said that? but, dom, we can't overlook our friend, tech, and the triple qs in market navigator. >> i mean, arguably the most important part of the market, rite? let's check this out. the major indexes are at or very near their record highs right now. one of our traders thinks it is prudent with this environment to take out a little bit of downside risk in insurance at this given moment. joining us now with the trade in the recent why is jeff kilburg of kkm financial. also a cnbc contributor. jeff, thank you for being with us right now. a notched record for the s&p 500. notched record for the dow industrials today. we're 2 % or less than away from the all-time highs in the nasdaq composite. this doesn't feel like an environment we should be taking profits. momentum is to the upside. why are you cautious? >> well, it feels like a little heavy to one side of the boat, dom, and that's why i want to utilize a nasdaq future to book the profits. to hedge. if you look at

dow is down 260, nasdaq down 320. and debris cutting off roads, complicating hurricane relief in north carolina. steve harrigan joins us from asheville. you are having trouble with food and water supplies? >> reporter: they've separate distributional points for food and water supplies, you have to bring your own buckets, just tankers at this point and is growing sense of frustration here about the slow pace of recovery as far as ieee goes, there is 300,000 people without electric power, that is down since yesterday but slightly down. when we are out and about talking to people, one of the biggest angers they have is over a shortage of water. here's one art studio owner, what he had to say about that. >> if you can't flush your toilets and don't have enough water to drink, you might be able to do okay without electricity for a few more days but water, i have learned, i didn't know that until this happened, looks like water is the biggest problem. >> how long since you had water? >> four five days at least. >> how are y

nasdaq down fractionally as well. this starts the new quarter, of course, but the same story for investors. they are hanging on every word of fed chairman jay powell, especially yesterday, when it came to his outlook of rate cuts. >> this is not in a economy that's in a hurry to cut rates quickly. if the economy acts as expected, that means a total of 50 more. >> markets reacting swiftly to jay powell. look here. this is the time lapse of the action on the dow. the dow finishing the day higher. you see that kind of swing in the markets based on the jay powell comments. we want to look at energy this morning. israe israel ramps up the operations in the middle east. wti is down 2.26%. brent crude is down. both falling below key sentiment levels. $75 a barrel for brent crude. brent crude falling below $70 a barrel right now. we'll have more on the story coming up in a moment. >>> let's turn attention backto the top story and this morning's breaking news. as many as 50,000 union long longshoremen going on strike at 12:01

it's really the nasdaq up .75% of 1%. keep in mind, the dow and s&p are riding three-session losing streaks. we are checking the bond yields. coming up, we will dig into why the fed's path of lower rates is not translating into lower yields why a trump or harris victory to mean for the ten-year. 4.20 since the fed rate cut, the ten-year yield bump up important to note, the two-year yield above 4% >>> we want to do a quick check of nvidia and apple after a rough day for tech a 2% drop for apple and nvidia a bounce back this morning apple up .25%. nvidia up 1.25%. >>> let's get to the breaking news striking boeing workers rejecting the latest offer by a 64-36 margin members of the national association of machinists voting instead to continue the six-week long strike. you see the impact. it would raise pay by 35% over four years and improve retirement benefits. boeing is not commenting on the results. joining me with reaction is peter mcnally, global sector lead analyst peter, good morning. >> good to be here. >> we see the

look at the nasdaq.on the nasdaq, it is on pace for a record close, its first record since july 10th. and if it does, because it's up 161 is points, all it really needs is a gain of 80 points, this will mark the 28th record close of the year. so much of this has been driven by semiconductor stocks, a.i., anything related to artificial intelligence. and we are just a few minutes away from google parent alpha a bet earnings. the online search and ad giant is expected to report third quarter earnings per share jumped 19% to $1.85 driven by 13% spike in revenue to $86 -- sorry, 86.3 billion. if we're also going to get earnings from advanced micro devices. but if you're trying to pick one single stock that can capture the a.i. craze but are concerned about the impact oned bad earnings report might have if on that holding, etfs have become very popular that are focused specifically on these baskets of names n. a fox business exclusive, we have vanek ceo jan vanek, 69 listed etfs and an aum of $1 is13.8 billion

the nasdaq up 56 the nasdaq managed to snap a three-day losing s

nasdaq composite, on the cup side.og, mess that's on the list -- tesla's on the list at 244, mongo db, have i got that right? one of these days i'll find out what it does. >> [inaudible] stuart: what? >> cloud provider data company. stuart: of course. i should have known that. the 10-year treasury at 4.05%, rising. the price of gold still not back to $27000, 2657. bitcoin, $62, 7 right now. oil, mid 70s, $74.88. down a little bit. nat gas also down a little wit, $2.75. the average price for a gallon of regular, has $3.18. in california, we always like to tell you, it's $4.68. coming up, kamala harris was asked three times about the border crisis during her "60 minutes" interview. she pivoted every time. >> was it a mistake the loosen the immigration policies as much as you did? >> it's a longstanding problem. and and solutions are at hand. stuart: she's getting away with non-answers. bret baier takes that on. >>> a pro-israel man assaulted by a pro-hamas crowd this manhattan, new york, just as trump was in new york war

dow is down 90 but the nasdaq is down 151 points.tuart: yes, get on the market no matter what, aren't you? >> new high on the dow and s&p and nasdaq trailing behind look next week and get the tech earnings out and look at nasdaq to make new highs also and the market is trending higher and continues to trend higher and up 23% year-to-date roughly going into today on both the s&p and nasdaq. and companies with increased profits and is the market setting new highs because it's looking at pro business president? is the market telling you something about the election that we're going to have lower taxes and a more pro business stuart: in you control the senate, you can stop any mind boggling tax increases and spending increases in the future. i think this rally has something to do with the gop taking the senate. what say you? >> great point. that's why you're in that chair there. because of points like that. yeah, you know, i think what we're seeing is the political landscape definitely matters and 23 you have someone going in who's focus

a record intraday level for the nasdaq, driven by that big tech trade. s&p 500, again, marginal upside, though. not yet at records but trying to creep back towards those levels. 5837 is the trade, up about four points. the dow now green today, so up about 0.2 of 1%, 42,307, up 74 points, again, a record high for the nasdaq composite, all of that mix of data and results that kelly mentioned driving at least one key part of the market with the nasdaq towards those record levels. big technology, a big focus today. alphabet, done and dusted. very positive move, up 4.5%. advanced micro, down 9%. both companies reported general beats, positive nenews. microsoft, amazon and meta platforms, meta on deck after the bell. we're talking about plus or minus 6.5, 7% in terms of the options implied move for meta platform shares, so keep an eye on those. the interest rate picture, very interesting, because we continue to creep higher, just marginally lower today, still 4.26% on the ten-year. it was closer to 3.6 at just the trough down here. it's been a sharp move highe

nasdaq was up at a record high

cow's up 20, nasdaq down 15.ounced a $625 the million joint venture with lithium americas. everybody's getting into lithium these days because you use list couple in electric vehicle batteries. >>> new evidence suggests tiktok knew the dangers the app posed to children, they hose to ignore it. hillary vaughn on capitol hill, what are lawmaker doing about it? >> reporter: they want tiktok to turn over internal communications so congress can see if this is, indeed keyed, what is happening at the company. senators black burn and blume blumenthal writing, quote, we write many response to shocking revelations of tiktok's givens difference to its platform's harm to children and teens, tiktok has knowingly deseened products in a manner that can foster destructive addiction and amplifying child sexual exploitation. rather hand address these risks, tiktok instead seemingly misled the public about the safety of its platform. tiktok is pushing back against these allegations that stemmed from documents released as part of th

nasdaq-100 innovators. one etf.efully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. when we started feeding bogie the farmer's dog, he lost so much weight. pre-portioned packs makes it really easy to keep him lean and healthy. in the morning, he flies up the stairs and hops up on my bed. in the past, he would not have been able to do any of those things. (vo) time to move? make it easy with opendoor. sell your home in any season, for any reason. [vampire hiss] (vo) start your move at opendoor.com. >>> welcome back what do the glp1 drugs have to do with demand for ketchup, and they all have in common in. >> aptargroup makes drugs and consumers products and it was also our mystery chart shares hitting all-time highs in the back of an earnings beef, but the company missed on the top line and the q4 guidance came in a lit light. joining me is the president and ceo of aptargroup. good to see you again. i actually want to start on a broad question, more polic

and s&p 500 up better than 20% year to date in 2024 the nasdaq at 41% the dow off 12% s&p 500 highery 20.8% investors keeping the focus on jobs the august juul trooper is out this morning and then the adp number is out tomorrow plus august jobs report out on friday european markets are mixed, take a look at the eurozone s&p 100 in london is higher by 31 but the cat card appears to is down nine and the dax index in germany is higher by 53 and asia overnights markets finish mostly higher china's economic stimulus affecting markets, the shanghai composite up better than 8% overnight in china, tension tie in the middle east as 3000 additional u.s. troops are sent to the region in israel launches a grounded courage and now into lebanon after two weeks of decimating hezbollah the very latest right here, tonight jd band faces off against tim walz and the first vice presidential debate but a new house oversight investigation can put walz at a different light as james comer seeks information about walz alleged ties to the commonest party of china, joining the conversation new york city counci

let me show you what is happening on the nasdaq, heading for its worst day in months after results from mehta and also for microsoft on tuesday. investors are worried about big ai investment and that the firms are putting a lot of money into it without any clear sight of a return. you see the nasdaq is off by more than 2.3% and the concern is whether the money they are investing will be repaid. let's talk to our north american business correspondent who is following this. this is the problem, all of the big tech firms piling into ai problem, all of the big tech firms piling into aland as yet we do not know whether they can monetise it. we do not know whether they can monetise it— monetise it. you are quite ri . ht monetise it. you are quite right and _ monetise it. you are quite right and we've _ monetise it. you are quite right and we've seen - monetise it. you are quite right and we've seen the l monetise it. you are quite - right and we've seen the shares in microsoft and meta falling and they are dragging the nasdaq with it. even though we saw a different share price reaction when i

4.02% stock market investors don't like that, dow industrial down to 160 at the opening bell, the nasdaq down 11 110 after last week's solid gains, bitcoin $63000, 628 to be precise, oil moving up $75 a barrel with the expected action in the middle east raising the price of crude, gasoline coming down $317 for regular, gold very close to $2700 right there 2660. on the show today the catastrophic damage from hurricane helene is being revealed the word devastation is appropriate, troops are arriving for search and rescue and another hurricane is threatening florida iccat three storm name milton headed for the gulf coast serious flooding expected. it took $50 million out of her budget and spend all my grades, secretary mayorkas admits it'll be difficult to fund emergency may enter measures when milton hit is october 7, 2024. "varney & company" is about to begin. a cloudy new york, it's good to be another great week, sunshine 70 degrees and mild temperatures for another week, it makes me feel good, there's this trump back in butler pennsylvania for the first time since the first assassinatio

this after the nasdaq bounced by a bad tesla yesterday the dow industrial finished at 140 but the nasdaq 138 as bond yields pulled back, take a look at yields right now, the tenure right now on interest rates showing a decline of one and a quarter basis point on the tenure but the yield is sitting at four-point to 0% investors looking ahead to major week ahead with big tech earnings next week including apple, amazon and microsoft we have the first reagan september pce index out in the october jobs report all coming out next week, we have the previous coming up. european markets are in the green, take a look at the euros on carbon s&p 100 is up five in the cac is negative about a third of the point, the dax index higher by 38. a mixed story in europe, and asia overnight markets finish mostly higher, fractional moves across the board in the asian embassies, the best performer overnight with the shanghai composite of two thirds of 1%, joining the conversation log ski group founder john lonski former georgia congressman doug collins and fox business cheryl casone "mornings with maria" his li

. 86 for the dow, 12 up for the nasdaq, the s&p is

pennsylvania let's get to the money another monday morning valley, look at this the dow up 180, the nasdaq 165 at this stage. big tech reports this week it looks like investors are expecting solid results, that is helping the whole market. all the big tech in the green the price of oil down to $67 a barrel. israel did not attack iran's oil installations, down goes oil. gas down 313 a gallon for regular, diesel down 356. interest rates holding at an elevated level, the tenure is above or right at you for iniquity present, the two year above 4.1% 4.11 to be precise. bitcoin i'll call it solid $68000 a coin, gold just under 2760, seven a $45 an ounce. on the show today, the washington post and the los angeles times refused to endorse either candidate. they were expected to go for harris, the staff at both newspapers are in open revolt. it shows you how committed most of the media is to the demo democrats. we will spend a lot of time showing you the remarkable scenes from trump's new york city valley, no other politician can bring in the crowds in the intensity that trump brought to madison sq

and look at the nasdaq -- than the dow. it is off 1%.nside moves, dow, s&p and nasdaq. let's have a look at big tech. it's going to be the down, most of them. we've got one winner, that's google. st the up 40 cents, but some big losers. meta is down $14, 2.4%. microsoft down $20 the now, 4.5%. big loss there. let's pull out microsoft. that loss, by the way, shaving 140 points off the dow industrials. all right, good morning, taylor. what's this about a slowing cloud business? >> yeah. so last quarter the cloud growth was about 34%. there are some concerns in the future that cloud is only going to grow 311-32% in the next quarter, but i would argue take a deep breath here that i don't think any if analyst who liked the stock yesterday sees slowing cloud growth and all of a sudden doesn't like the stock today. most people are still very bullish on this company. you know, you're still the earning at 30 plus percent. stuart: let's talk about meta. they reported late yesterday. that stock is down 2, 22.11% right now -- 32. 1%. what's this abo

nasdaq up 100. the opening bell is next.eerful music) (phone ringing) [narrator] not all multi-millionaires built their wealth the same way, you have... the fearless investor. the type a cpa. the bootstrapper. the bootmaker. yeehaw [narrator] but many do have something in common. we all trust schwab with our wealth. [narrator] thanks to our award-winning service, low costs and transparent advice. every day, over a million multi-millionares trust schwab with more than two trillion dollars of their wealth. your shipping manager left to "find themself." leaving you lost. you need to hire. i need indeed. indeed you do. sponsored jobs on indeed are two and a half times faster to first hire. visit indeed.com/hire what will you do when the power goes out? power outages can be unpredictable and inconvenient, but with a generac home standby generator, your life goes on uninterrupted. because when your generac detects a power outage, it automatically powers up, giving your family the security and peace of mind they deserve. we don't h

the nasdaq down nearly 40 points. nasdaq and s&p both of them coming off their best day since mid-september. shares rising 4% yesterday, talking about nvidia. you can see right now in the premarket, shares are up 1 1/3 percent. salesforce gained about 2.5%. we're watching the big stock story of the morning. that's alphabet. take a look. shares down some. almost down 1.5%. this is off news the department of justice late last night followed recommendations with google including recommendations for a potential breakup. our eamon javers will have much more on that story coming up. >>> we'll check on the bond market with yields trading ahead of tomorrow's cpi report. take a look right now. as we've been mentioning, the benchmark 4%. 4.01. the 2-year pulling back a bit. still very close. we've seen upside moves on the long buy. this is a read on expectations. cpi tomorrow. we want to talk about oil falling back, snapping a five-session win streak. taking a look, we're seeing a bit of a bounceback. wti crude up. trading abou

nasdaq down almost a .25%.tocks are trying to hold on to slim gains with the major averages tracking for a five-week win streak. slim games on the nasdaq up over .75%. s&p up over .50%. we want to take a look at some of the stocks that cramer highlighted yesterday. by the way, happy belated two-year birthday to the bull market. cramer highlighted the stocks yesterday. these are the stocks that led the bull market. i don't think we gave it a proper happy birthday yesterday. i don't think anyone is surprised by this one. nvidia shares up over 1,000 in the last two years. p palantir and fair isaac. we want to take a look at the pre-market moves. you see the moves they are making in the pre-market one day after the two-year birthday of the bull market. all of them trading lower with the exception of fair isaac. vistra energy down. we want to check the treasury market with the yields higher with yesterday's cpi print. ppi is coming out this morning. the two-year back below 4% yield. the long bond gaining a bit. a fe

stuart: well, on the markets we've got the nasdaq true performer here. nasdaq is up 161 points.me the price of oil, please. i believe it's down a little around $74 a barrel. opec has cut its prediction to future oil use so oil goes down a buck at 74.40. the justice department filed a lawsuit against virginia over their push to remove in eligible non-citizens. david spunt with us. on what grounds are they suing? reporter: well they are suing based on a federal elections act for more than 30 years ago. this is one of those stories that may make you pause when you first hear it but the doj says virginia broke federal law. that's why there's a lawsuit. on august 6, governor glenn youngkin of virginia signed an executive order forcing the virginia elections department to make daily updates, including comparing list of non-citizens to people who registered to vote. federal prosecutors argued he is violating the national voter registration of act 1993 specifically a section known as the quiet period. it says voters who are in eligible need to be removed before 90 days within an electio

nasdaq-100 innovators. one etf.d and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com >>> welcome back to "the exchange." with stocks sliding towards session lows, the dow is down 400 points, about 1%, nearly 2% for the nasdaq, not quite there yet. tech is the worst performing sector mcdonald's is weighing on consumer diskres nar real estate is in the green today, which is curious. and some of the travel lanes are moving lower hilton reaffirmed its profit guidance but trimming revenue outlook as we talked about yesterday, as travel demand shows some signs of weakening. that has hotels down about 3%. now to tyler mathisen for the cnbc news update >> thank you very much a chinese influence operation is targeting down ballot races in the united states, according to new research published by microsoft. an army of state-controlled social media bots are attempting to influence voters in alabama, texas, tennessee, by creating fake accounts that disparage gop lawmakers. the

nasdaq up 1.25%. mike murphy here with me. rising yields on treasuries and oil prices rising and how do you play on a market like that? >> short answer and stick to your game plan. maybe the fed isn't going to cut interest rates for the economy and going to bend and fed cuts more? it's a tough time to be an investor and people start thinking that way, they're overthinking it and it's going to head for a soft landing. the fed appears to have already told us or signal they're going to cut 25 basis points. stuart: i'm going to return to a subject i've often discussed with you before, and i know what you're going to say. what is wrong with me putting some money into a 4.5% money fund, totally safe and know what you're gone that get and totally liquid. what's wrong with doing that in times of maybe some anxiety? >> nothing is wrong with it, but you said the exact same thing to me. we can pull up the tape about 10 months ago at the beginning of the year. stuart: i've said it a dozen times to you. >> you got your 4%. i got 21% being

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but the s&p and the nasdaq have fractional gains.his morning to carries through the market. -- carry us through the markets. you use the expression the market is melting up and we should all be in the market. okay, what should i buy? >> yeah, i would say banks. this is not a lot right now that is kind of beaten down, as cheap as it could be historically. but when i look at companies that could, sectors that could benefit from a better yield curve, 10-year yield moving up, short-term rates moving down, the fed has made clear it has the economy's back. when i look at loan volumes, the yield curve, the type of spread that banks could make, you know, 12 the months from now relative to today, i actually would say go for system banks. stuart: -- go for some banks. stuart: the risk is limited, correct? >> the risk is never limited with bank stocks, but i personally am so confident in the economy was the fed has put in what we call a fed put. the fed has made clear if anything slows down too much, if inflation dips to 22%, it has -- 32%, tha

let's look at the nasdaq right now. nasdaq in the green. not at a record at the moment but it's gaining 74 points or about just under half a percent to clock its fifth week of gains. and the russel 2000 is enjoying a meaty pop of 39 points. it is leading the majors with a 1.8% gain. as good as these numbers look the entire market would actually look better if it weren't for tesla. tesla is the worst performer on both the s&p and the nasdaq 100 after its much we robot event in los angeles left investors skeptical the ev company will sell enough cars to fund its robotaxi plans. tesla shares down 8.25%. a huge crowd at the warner brothers studio last night to witness the relationship rollout of elon musk's cyber cab. there were dozens of driverless teslas along the fake streets of the studio lot. no drivers. no steering wheels. no pedals offering up rides to those on hand. musk also rolled out the futuristic robe o van which he pronounced robovin, seats 20. no driver and then an army of robots which musk promises will do anything and everythin

the nasdaq, alphabet, etc., etc.bout that? look at first solar, they reported, uh-oh, deshrining sales concern declining sales. not much of a cut, and the stock is only down 1%. look at dct. extending losses today. it's the down 16 percent. we have to tell you that over the last month it is up almost 200percent. that's a proxy for trump in the election. there's the 1-month chart from lower heft to upper right, straight up. not a bad deal. >>> california's governor, gavin newsom, he's setting a aside big money the tackle the homeless crisis. ashley, how much are we talking about? ashley: this latest round close to a billion dollars to help with housing, shelter and homeless service outreach across california. but, you know, critics say newsom's administration has already spent billions of dollars tackling the problem with very little effect. well, the governor spended to that criticism at a news -- responded to that the criticism at a news conference in los angeles. watch. >> these encampments and tents, people are dy

nasdaq-100 innovators. one etf.vestment objectives, risks, charges, expenses and more in prospectus at invesco.com you founded your kayak company because you love the ocean. not spreadsheets... you need to hire. i need indeed. indeed you do. our matching platform lets you spend less time searching and more time connecting with candidates. visit indeed.com/hire >>> welcome back to "fast money. h homebuilders getting hit hard in today's pull-back. names like kb home, lennar, toll brothers, down 3% or more. far underperforming the broader market the chart master says there is more pain to come what do you see? >> well, surely, it's rate sort of influenced, of course, but let's look at the charts three identical charts, and we can just do them together. this is the chart with no drawings, no lines, no annotations, no judgments. let's put something on there well, we have three distinct rallies. >> look at those >> look at those they're not conclusions yet, but little arrow there that suggests, right? >> yeah, yeah. >> we

stuart: nasdaq recovering down 9.ing to launch a new market place to combat the highly discounted chinese retailer, amazon puts price merchants can charge for specific items. it would be $8, and $9 for betting. and they put a end to remote works. 4 years since the pandemic and you are telling me federal employees are still working from home and a lot are doing it. lauren: that's the case. and to what extent work from home is still happening for the federal workers. bipartisan group of lawmakers, republican senator joni ernst and gary peters taking that issue head on with what they are calling the telework transparency act. it would require each federal agency to count how many workers are coming into the office. and answer that question. federal employees need to be held to the highest standards because it's a privilege to serve citizens who utilize government services on a daily basis. it is time for bureaucrats to pull the plug on the bathtub drain and plug back into work. governmentfr one year ago show 24 agency us

the nasdaq down more than .50%. let's look at the laggards on the nasdaq 100 this morning.top of the list is asml. those shares down 3%. amazon down 2%. apple down 1.5%. nvidia similar story there. we're seeing mega cap tech under pressure. let's go back to friday. the jobs report showing employers added nearly 250,000. on the back of that, traders are slashing the expectation of the rate cut from the fed when it meets next month. take a look at bonds now. this is the real story. the ten-year yield back above 4%. about a 15-basis point move to the upside following the jobs report. bigger upside moves with the two-year treasury just about at 4% right now. moving 25 basis points following the stronger than expected jobs report. we also want to look at oil adding to the october gains up 10% since tuesday. you can see it is up again this morning. u.s. benchmark up 2.5%. here's the important part. well above $75 a barrel. $76 a barrel. brent crude close to $80 a barrel. also up just over 2%. that is the money set up now. let's look at the start of the fourth quarter and opportun

stuart: i see plenty of green especially on the nasdaq, up 1.4%, 263 points on the nasdaq.ozempic people. a new study says the weight loss drug may reduce the risk of developing alzheimer's. semi glue tried is the active ingredient in ozempic and that is associated with a 40% to 70% lower risk of first time all dimers diagnosis. doctor marty makary, that is the all important ingredient. >> it does look like it is a miracle pill that can address so many chronic conditions including alzheimer's. the underlying issue is obesity. obesity is an inflammatory condition. inflammation has been implicated in the developed of alzheimer's. there's a mechanism here by which the nucleotide could reduce the risk of future alzheimer's but we are not talking about other factors that can reduce inflammation. eating healthy foods, hormone replacement therapy for mayor paramount apostle women at a healthy diet. those are well known to reduce -- i hope we don't think it's only a medication that can do it. stuart: is it legit for someone who wants to lose 10 or 15 pounds to go out and get ozempi

that's the nasdaq. the nasdaq is -- with all of these names in it is just getting crushed here, down 1% and nvidia is down 5. it was on track to the to dethrone apple as the world's most valuable company, but for the moment it's taking a swim in the red sea. you could argue though that these asml issues, they're just one-off as. but it's the upcoming election and the angst ahead of it, is that a one-off? manufacturing in missouri state unexpectedly contracted -- in new york state -- which in and of it is not worrisome but when paired with potential geopolitical shocks becomes more so. joining me now, chief investment and portfolio strategist at blackrock's, america's -- blackrock americas. weapon sales will be at risk if the gaza humanitarian situation is not improved in 30 days. we are going to the take our viewers live to israel in just a few moments, but that's just one issue. election meddling here in the u.s., russia's war on ukraine continuing. how do you view these potential market disruptions. >

the nasdaq just about 1% from a record. this is probably not the most -- the greatest number of all time records for the s&p in a year, but it's getting up there. >> but you just can't keep a broad rally down, apparently. >> apparently. >> meanwhile, hoping to lead the nasdaq is nvidia. ceo jenison wang with some positive comments. apple also higher. we'll speak to an analyst who says sentiment on apple has gotten too negative. lots of questions about how much apple relies on chinese consumer and is the stimulus or lack thereof really a factor in whether apple goes big. >> what i saw over the weekend is we may have seen the last of the annual announcements of an iphone. that they may go to a less sort of regular, every single year coming out with an upgraded version, because the upgrades may not be as exciting as they once were. and next, david tepper says buy everything in china, because he thinks the government will do whatever it takes to spupport te economy. but current investor plans have left those wanting and chinese

nasdaq 100 futures, after decent gains yesterday, around 1.5% for the nasdaq 100, lifted.rently looking at a bit of profit-taking, down. here's what else to think about for the rest of the day. 10:30 a.m. u.k. time, we will get a debt sale out of germany. germany 15 year bond sale. we see what the appetite is as the sovereigns continue to issue pretty significant amounts of debt into the market. to what extent the market is able to absorb that. the broader macro concerns about the health of economy, about the expectations that there will be zero growth this year for the euro's origins largest economy -- eurozone's largest economy. the focus switches to france and commentary on the ecb for the bank of france governor. at least that will be the expectation. they said the door should be open to another cut from the ecb at this month. we will see if he builds on that view 5:00 p.m. u.k. time. 7:00 p.m. u.k. time, the minutes coming through from the fomc. that crucial meeting of the fed back in september when they cut by a jumbo 50 basis points. we know there was dissension fro

maria: the nasdaq up 207 points. 19 days until the election. every day counts. every vote counts, get out and vote. c both candidates going out and doing these interviews. harris coming on fox news, good for her. >> no foreign policy discussion in this campaign. maria: see you again tomorrow. "varney and company" picks it up. stuart: good morning. it was intense. bret baer's 27 minute interview with kamala harris broken new ground for this campaign. brett pressed hard on all the big issues, followed up with every question demanding straight answers. he didn't always get straight answers can we still don't know where harris stands but what did emerge is a candidate focusing on just one thing, how bad a second trump presidency would be. that's now her campaign. fear of donald trump. this morning the betting market still give trump a 60 one% chance of winning the election, 39% for harris, the performance last night did not move the needle in her favor in the betting markets. on your screens a new poll taken before the interview shows trump has are two point lead na

nasdaq indicated up 150. it does come after a pull back yesterday for all three of the major averages dow down 1%. s&p down about 1%. the nasdaq was down 1.6% this was the worst performance for the dow and nasdaq in a month and a half the first time we have seen the dow down three sectssions in a o since early august we will continue to keep an eye on this this morning treasury yields were higher yesterday. this had morning, ever so slightly lower ten-year below 4.2% at 4.19. the two-year at 4.05%. that's the highest level since july 26th. >>> we have news breaking late last night the boeing machinists union voting to reject the strike offer. the stock off 2.1% we have phil lebeau with more on the story. hi, phil >> hi, becky this was an overwhelming rejection. when you look at the final vote here, 64%. 2/3 of the machinists voted said no this is not a good enough contract 36% said they would agree to the contract that is not good enough. the strike continues after 41 days late last night, this is what the pr

dow down 100, virtually no change for the s&p and the nasdaq.re in waiting mode for the, of the jobs numbers coming out friday morning. >>> israel has begun its ground incursion in southern lebanon. nate foy joining us from tel aviv. what's happening right now? how far have they gotten, nate, do we know? >> reporter: well, stuart, we actually just learned breaking in the past hour from an idf spokesman that ahead of this limited ground offensive into southern lebanon that that special israeli units had actually infiltrated southern lebanon dozens of times over the past year including through tunnels the gather intelligence and december mantle the terrorist organization -- dismantle the terrorist organization's capabilities and ability to attack israel. we are also seeing a response from hezbollah, firing near constant rockets into northern and central israel including here in tel aviv, trying, they did, to met the mossad intelligence headquarters this morning. some but not all of those rockets were shot down. take a look at some of the damage. w