we will pull the resources back to the private sector and give them to the nelson peltz's of the world and we will get a better return on capital and better return on investment. >> we have to have you back on to talk longer next time. >> thank you have a good morning. >> that's going to do it for "worldwide exchange. futures green across the board "squawk box" starts right now. >>> good morning stock futures are slightly higher as we await quarterly results from dus isney we get fed . we got some inflation data >>> president-elect trump announcing more picks for the cabinet and including the choice for attorney general. >>> and the fbi raiding the home of ceo of polymarket the dodge is j is accusing of retaliation. it's thursday, november 14th, 2024 and "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. on this morning, we are looking at green arrows at this point. modest advances for all three of the major averages dow up

they put james gorman in and peltz said he thinks he will pick someone good.ill be gone in 2025, which is earlier than when the contract ends could do you have a clear picture on the long-term growth the guidance is good hugh johnston is there, new cfo in town. what about the overall strategy and some of those issues >> yeah, yes, it is a very fair question so, i take just one step back and say, a lot of concern that we heard from investors during the proxy fight was that disney pushed really hard to put a best foot forward to win that fight and then wasn't able to deliver against that immediately after the fight was over and i think there is validity to that and you saw it in the move in the stock price the company was focused on that, the management team. but to address your question, as i look at it now, there are a number of things in place that give us confidence in '25 and beyond number one, on the topic of succession, they have put in a new chairman, with a focus and with a great track record. number two, they put this long-term guidance in place that i

i reference what nelson peltz said earlier at delivering alpha. he thinks they're going to be used and he thinks they're going to be successful. >> yeah, look, most of our asian equity overweight, the tactical one is on japanese equities, which i would argue is not related that much to tariffs. it's much more related to two things. number one, we have foreign investors, really fleeing japan, japanese equities in august and in september. so we have the biggest drop in foreign investor flows ever since 2020, right, so we have really the biggest exit out of japanese equities since covid, since the first covid wave. if that's the positioning, tactically, it is really a bit on the light side, that should be supporting that kind of global stance in japan. the other one is more of an extension to the u.s. equity overweight, and to probably the main risk that we are bearing. so you guys were just talking about, you know, higher yields. the problem of course for us, i think that is by far the biggest risk for us is really that at some point, long and bond

we have nelson peltz famed investor of trian. you can still register.galpha. "squawk on the street" will be right back. nt. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. - [narrator] this is my coffee shop. we just moved into a bigger space, brought on another employee, and ordered new branded

august 2023, when peltz got an activist campaign that ran to 120 and fell back to $80 it could be a volatilee of that back to disney at disney world. is this the poster child of go welcome go broke, $200 stock in the company, openly started talking about when they were open, in those woke positions, stock started to tank and positions being reversed and seeing stock on the rise again. >> when we are going through that with bud light and walt disney picking a fight with desantis in florida, people don't want their investments in intense shame and intertwined with politics. it is not a coincidence, there's causation and correlation between disney backing away from woke stance and people contribute more to the business. i think that is a trajectory they should continue. it's not an accidental one under bob iger. it is intentional and we will see those results payoff hopefully quarters to continue. edward: we will cut you loose from the this. you start to slow roast the turkey, and record spending on black friday and cyber monday, luke lloyd is back, they are spending more on fewer items because

voices at cnbc's delivering alpha summit as investors digest the post-election market rally nelson peltzave their opinions on if stocks can keep going higher. >> uninterrupted, there will be something to upset it. >> overvalued stock market that's not necessarily a bear market it doesn't necessarily mean it has to go down any time soon i'm not particularly bearish i don't see what will break the market not always that you can. there isn't something obvious to me there is an expensive market if you buy and hold for a long period of time, i doubt this is a great -- you will look back and say this is a great entry point. >> now one of the stories that has contributed to the moves in the equity space was actually the latest inflation print from the united states which picked up to 2.6% in october. a higher reading than september, but in line with the analyst expectations so stripping out volatile food prices, with monthly core prices picked up 0.3% for a third none a row. at this stage, we are seeing 80% chance of a cut in december. that is it for today's show. i'siiam lv amaro "worldwide ex

delivering alpha summit delivering insight from david einhorn and nelson peltz talking about the recentcoming next leslie picker was there and joins us with more >> reporter: andrew, the question about whether or not this rally can continue was a big discussion topic at the delivering alpha yesterday nelson peltz says he doesn't think the rally continues. >> trees don't grow to the sky definitely not uninterrupted there will be something that will upset it. i think you've got euphoria from the election on the other hand, you look at the international stocks that got slayed over the last week or so >> reporter: gug even home partners said it will cause investors to be more weary and she expect more volatility in the bond market. david einhorn had a surprising sanguine take saying there is no reason the market can't do fine for a period of time >> for an overvalued stock market, that's not necessarily a bear market and has to go down any time soon. i'm not particularly bearish i can't see what's going to break the market at this point not that it can, but there is nothing obvious to me. i

. >> wasn't it nelson peltz saying trees don't grow to the sky?>> meantime, trees not growing to the sky in the reverse direction vaccine stocks are sharply lower, this after president-elect trump saying he would nominate vaccine skeptic robert f. kennedy jr. as his pick to lead the department of health and human services. eamon javers has more on the pick and let's start with rfk jr >> reporter: this is a huge agency, andrew i think a lot of people don't pay attention to it if they're not in the industries. it oversees a $1.6 trillion budget it oversees department of health and cdc and food and drug administration and a slew of others this agency is now going to be headed by somebody who expressed deep skepticism of science and food additives and preservatives and vaccines there are enormous changes coming if he gets in donald trump, last night, was speaking here in palm beach to the america first policy institute. trump singing bobby kennedy's praises. here's what he said. >> i just looked at the news reports. people like you, bobby don't get to

generation between them, to me, to my kids that this book represents and to jennifer weiss and to sarah peltz and to ken wapner, who i'm not sure if he's here or not. i just want to thank you for believing in me, encouraging me and the whole at harpercollins. thank you for everything. thank you. thank you. thank you. the title of the book for such a time is this right? wouldn't it be great if it was about i came out before purim, not before yom kippur, but it comes from the story of purim that fourth chapter of the book of esther, where she has entered into the king's palace. she believes her identity to be hidden. she has risen up to the highest ranks of persian society. and and then the hammer of heyman is about to fall on the jewish people. and at that moment in time, mordechai, by way of an emissary, says to her, esther, who knows if it was not for such a time as this that you arrived at your royal station and we know and we have put in place to prove it, that esther comes out as as a as a --, as a woman, as a queen. and and the and she steps up to the calling of hour. and it really speak

i will be there speaking with nelson peltz. find out how his investment outlook has changed.er. you can go to delivering alpha or scan the qr code on your screen. 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. across global markets, data underpins every decision that is taken. at ice, we provide quality data and analytics across multiple asset classes. from fixed income, energy, commodities and equities, to areas like climate risk and the entire lifecycle of a mortgage. to help inform trade decisions, our pricing and reference data covers millions of instruments in fixed income, our data can help re-imagine your workflow in energy, our oil and natural gas data is used by global traders, while our energy transition data helps navigate the shift to a low carbon economy. in mortgages, our data covers the life of a loan, from origination to secondary markets

we'll be speaking with nelson peltz and a number of big-name investors we have for this new outlook weo to cnbc.com/deliveringalpha. back after a quick break. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job on indeed, it's easier for talented candidates to find it. which makes it easier for you to hire them. visit indeed.com/hire >>> the fed is expected by many, at least i guess to cut rates again this afternoon. let's get to senior economics reporter steve liesman. of course, he also has exclusive results of our cnbc fed survey on the outlook for stocks, and a chances of a recession. steve. >> yeah, it was also the cnbc fed survey, which we gathered before the election, so the fed expected to continue cut rates. but this group was never as exuberant as the futures market. where do they go to? about where they were in the prior survey. down eventually to neutral and 3.3%. scott rand with wells fargo, a little cautious, says -- >> these cuts come amid a better economic outlook than in the prior survey. the average recession

i'll be speaking with nelson peltz and it will be rhtig after the election. you can sign up. the qr code on the screen. wall street forecasts over $100 billion in sales for weight loss drugs known as glp-1. even with disliked injections. dehydratech processing of a glp-1 drug demonstrated improved blood sugar reduction and reduced side effects. study results are arriving monthly and lexaria has entered a new relationship within the global pharmaceutical industry. lexaria bioscience, transforming the future of glp-1 drug delivery. 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 >>> the nasdaq coming off its worst week since september, after a slew of reports from big tech. our seema mody has been tracking the action. >> semiconductors specifically trying to make up ground after losing over $360 billion in market cap last week. nvidia, the biggest laggard. though rebounding today as we wait its inclusion into the dow this

investor summit here in new york city on november 13th speakers this year include david einhorn, nelson peltzto register, go to cnbc.com/deliveringalpha or scan the qr code on the screen. to have original medicare. it gives you coverage for doctor office visits and hospital stays. but if you want even more benefits, you can choose a medicare advantage plan like the ones offered at humana. our plans combine original medicare with extra benefits in a single, convenient plan with $0 or low monthly plan premiums. these plans could even include prescription drug coverage with $0 copays on hundreds of prescriptions. and medicare advantage plans ensure that your covered medical costs will never go above a maximum out-of-pocket amount that you know beforehand. most humana medicare advantage plans include dental coverage with $0 copays for covered preventive dental services. vision coverage that includes vision exams and a yearly allowance towards eyewear. even hearing benefits, including routine hearing exams and coverage towards hearing aids. there are $0 co-pays for in-network preventive services l