thanks russell. let's move on now a bay area born harvard professor was just awarded the nobel prize in medicine. gary ruvkun is one of two people honored for the discovery of micrornas in the early 90s. the tiny molecules regulate the activities of genes in humans, plants and other animals. ruvkun was born in berkeley and is a cal grad. together, the scientists discovered that micrornas are pivotal regulators of normal development and act as key players in an array of human diseases, such as heart disease and cancer. here's a snippet from the phone call. right after ruvkun learned that he won the prestigious honor. we weren't thinking, this is going to win a nobel prize. we were thinking, this is really interesting. yeah, it, you know, as the field exploded, which was just a joy to watch, you know, the talent that got attracted to the field was magnificent. congratulations. their discoveries have since sparked a revolution in rna medicine. all right, let's take you back outside as the sun is setting

russell ford, ceo of standardaero is next.loomberg. ♪ southern new hampshire university makes it possible for working adults and parents to accomplish their dreams. we are thrilled to be celebrating our graduates. snhu, it's worth it in more ways than you can probably even imagine. as you start that momentum and get that first class going, the rest just really falls into place. for anyone that feels like college is impossible, i was right there with you, but i can say today that it is possible because of snhu. go to snhu.edu to get started. scarlet: this is "bloomberg markets." i am scarlet fu. the east and west coast port strike has entered day 2. it will have ripple effects. as some divergent freight ends up flowing through california ports. joining us is alex naumov. cofounder of west coast shipping. great for you to join us. thank you for speaking with us. could you set the scene and tell us what your company shifts? your company name suggests it operates out of the west coast but does not reveal the interesting cargo you

russell's in the game. motions out now. see the play clock, and another five-yard penalty. >> referee: arkansas called their first time-out of the half. >> chris: they did spend a time-out. >> kirk: chris, my first reaction watching it live -- watch the tennessee defense. i'm not blaming them. i think it's a genius move by heupel. it's the a tnd a tnd clicker. look, by the way, if he handed it to him, he walks in, so, that way, he would have scored. let's watch the quarterback. watch this guy right here, you tell me they're trying to stop him. hey goes this way. >> chris: coaches approach that differently. could be controversial, could be second-guessed. of course, hindsight is always 20/20. >> kirk: you hate to say, hey, give up -- >> chris: no, no. >> kirk: i think anybody watching, you're going to get the ball back to your guy, 1:17 with a couple time-outs. give him a shot. >> chris: yeah, the only feeling is, you could try to stop and try to force a field goal, you wouldn't need a touchdown to take the lead. now they wi

keri russell is joining us! bocelli is here. [ cheers and applause ] we are talking to andrea, and then he's performing later in the show with lauren daigle. come on! [ cheers and applause ] stick around. we're playing "what's behind me" with olivia rodrigo after the break. come on back! [ cheers and applause ] ♪ >> jimmy: okay, not 'nsync. >> backstreet boys. >> jimmy: yes! [ ding ] [ cheers and applause ] purple -- a purple mascot of mcdonalds. >> grimace. >> jimmy: yes, that's correct! allstate first. g like you know to check your school's saying first before saying it. high tide! [cheering] high tide, guys! high tide! high tide! it's “roll tide”. uh, shoot. yeah, checking first is smart. so check allstate first for a quote that could save you hundreds. roll tide! you're in good hands with allstate. this is a 15 second ad. clinique moisture surge only needs three seconds to soothing hydration. with a few more left to tell you about it's exclusive blend of ingredients, how it's dermatologist tested, safe for s

that is not the case with the small cap russell 2,000. it did not bottom until october of last year. it is still almost 10% from the historic high back in november of 2021. if you include 2024 year to date, the s&p has out performed the small cap russell 2000 12 of the last 15 years. ouch. in frustration, investors who believe in difficulversifying a small caps have been attracting followers around the idea. it does make sense if you think about it. about 40% of the russell 2000 companies are unprofitable. if stocks are a play on the future stream of cash flow, then includes a profitability tilt may make some sense. several small cap etfs that exclude the unprofitable companies have attracted strong inflows recently. the spdr small cap. the dimensional small cap and the avantis small cap. global investors runs this small cap etf and they say it out performed the russell 2000 by 2% on the annualized basis on the past three years. the russell 2000 does not have the profitability overlay and attracting followers on that. back to you, frank.

the russell as small caps get a nice boost tech is leading. almost every sector has been in the green and on this economic optimism it does take us to our "talk of the tape." whether what happens today clears the way for stocks to make their next move the wharton school professor of finance, jeremy siegel nice to see you. welcome back >> thank you, scott. good afternoon >> what's this mean now for stocks >> it's interesting and actually rick santelli referred to it, even though we hired 550,000 new jobs in the third quarter, interestingly enough hours worked is virtually flat the good news about that is that the gdp increase is going to be almost all productivity and we're looking for third quarter 2.5 to 3 that's productivity. the good news about that, it was a little hotter on wages, but that's mostly productivity so that is not inflationary that's good news for stocks. listen, i never thought they're going to go another 50 i think it's a series of 25. i think the long run neutral rate, a discussion about what is that long-term rate going to

less than 2% declines for the nasdaq and russell and the volatility index is back below 20.ittle breath by markets which had been rattled when iran launched that missile attack on israel which intensified at the top of this hour, seems to be settling down and having dissipated somewhat now. let's bring in lee munson, president and c-io lee, do the developments of this afternoon, this week, you know, this year change what you do with equities here or with markets more broadly? >> i'm looking at how -- what the responses from bond markets right now to help me figure out that question. i'm seeing a 10-year still above a 3.7. that's telling me right here right now and we're at a 3.6 before the end of the day, that's telling you future growth is not being affected on this. we'll have more deficit spending next year because we're remilitarizing our armed forces. that will be a big theme. i know jamie dimon from jp morgan has been talking about that earlier this year. i've been talking b about it, too. we're not living as a super power anymore. we're multipolar and a lot more money

the russell 2000 has been higher all day actually, at about 1.6%. bank stocks have been strong. they're continuing to trade up on some pretty clean, reassuring earnings reports, financials often move higher with small caps. morgan stanley the standout. nvidia making another run at its all-time intraday high, above $1.40 a share. the semis more broadly are mixed. we'll go deep in a bit. first our "talk of the tape." have markets sidestepped the pre-election weakness we were promised? has the tenacious rally made investors too optimistic by now, or are the bull market fundamentals just that good? here to discuss all of it, gabriela santos, jpmorgan global market strategist and encore crawford portfolio manager at alger. thank you so much for being here. it's hard to find too much fault, gabriela, with how the market's behaving in terms of cirque likal leadership and banks being rewarded for new numbers. it sends a good macro message. the question is we felt like this before, we've had grote scares that followed this. so how do you think the setup is going into earnings season at a

russell was winded but otherwise unhurt. carlos sainz topped the session for ferrari.. lando norris was fifth. just seemed like it's one thing after the other at the moment. it's frustrating as we are really strong, really fast. try taking the same line, cutting a corner, and for whatever reason... and that's all the sport for now. let's head to the us. superstar performer beyonce, alongside former bandmate kelly rowland, has endorsed kamala harris, in the us election at a campaign event in texas last night. as the race for the white house enters its final stages, donald trump is also campaigning in the traditionally republican state. our north america correspondent emma vardy has more. # tell me how you feel about this... _ entering the stage as the presidential race nears its final act, beyonce is the latest musical icon to bring her star power to the kamala harris campaign. i'm not here as a celebrity. i'm not here as a politician. i'm here as a mother. a mother who cares deeply about the world. my children and all of our children live in. a world where we have the

also ahead, south korean bonds to join ftse russell's major global index next year. will india win the addition to the market gauge? and hyundai motors seeking to earn $3 billion with its ipo of its indian unit, kicking up the country's biggest ever listing. let's get the markets and avril hong. we saw that relentless rally in the u.s., but not the same story in china. avril: it is not partaking in those gains overnight. what we see in china is an under performance the broader asian markets, which originally left the region -- led the region's benchmark with gains, but ultimately succumbing to pessimism after the holiday spending data. we see the stocks in hong kong in negative territory, extending the losses. the worst day in 16 years. we are also seeing the mainland stocks raising yesterday's gains. this is coming against the backdrop of an underwhelming in drc. no plan on the housing slump or reviving consumer sentiment. we also wanted to focus on what we see in the rbnz. we are still seeing quite steep declines on the kiwi dollar, and this is coming after some co

if russell sweets has an agreement with china at the negotiating take sorry, i'm, i honestly w as terry souls to explain why the vote was both complicated and contentious. that's right. it was both complicated and contentious. and in the end, the european commission is saying it received the necessary support because it can't really say that member states approve these measures. you had 12 of sentence 12 countries that refused to take his stand. meanwhile, you had 10 countries that did approve the measure led by the very big countries of france, poland and italy with germany on the other side, opposing these parents back to by only hungary, malta, slovakia, and slovenia. so while it's long been clear that this would probably pass in this way, it's definitely not with the over whelming support. remember states who are very much afraid of what china will do in response. now what about the geo political dimensions of this? but that's the big question. i mean, china is already made preliminary moves to, to retaliate, not necessarily in the automobile sector, although that of course could co

so the urgency to start positioning in the russel 2000 explain it to us. >> well, charles hello. been this cheap in over two decades. history is on our side so obviously we just say 50 basis point cut. six months out after the cut, small caps outperform large-caps a year out, by over 300 basis points, so a soft landing is really a goldilocks scenario for small caps. what i mean by that. if the short-term rates come down, that helps with that floating debt you just discussed but longer term rates going higher that doesn't scare me. that's the environment you want for small caps and that tells us growth is on the horizon and you need an environment for small caps to do very well. charles: listen, you're here now. no one will have an excuse when we follow-up in a segment around christmastime. let's talk about -- >> that's right. charles: the utilities, selling utility stocks. they are crushing it right? even today the small utilities are through the roof but here is one thing i don't think a lot of viewers know. this is selling, from hedge funds folks. you could see they never sold

as you and special russell to albany visits, new york, i want to reiterate the us belief. she's on said for her role. the united nations should not tolerate on to semitism from a un affiliated official. hi, it's to promote human rights, as well as, as well as the bombing campaign shows no signs of relenting its primary war supply of america has come under increasing global pressure for enabling the attacks to continue. i should warn you, disturbing images are coming your way. on tuesday, at least 93 people were killed and his radius drank on a residential building and building garza, the he. romantic human rights watch dog highlighted the fact that a us made bomb was used in that attack and outside of washington. the still short of condemning the con, specifically reference to this as striking, easy as possible. as i also said, as you notice, if you would know, my full quote said, we don't know what happened in this, right? we don't know the particular circumstances. so now it was about the broader conflict when it comes to this particular strike. we reached out to the gov

russell: right.l be the first woman to be cfo at hsbc in its 159-year history so that's a big milestone. she joined the bank about 10 years ago. her background is in accounting. she's currently head of risk and compliance. she's going to be tasked with this immense job of cutting costs. the cfo position is a very important position at hsbc. al hedery was the previous cfo. predecessors like you and stevenson. they were renowned for bigger cause cut drives. we will see if pam kaur can continue those efforts. tom: we appreciate it, russell ward, on the changes at hsbc. thank you very much. coming up, a chief economist says there is a growing chance the fed actually stands pat next november and does nothing. we discussed that view with my next guest, coming up. the bond market selloff continues. stay with us. this is bloomberg. ♪ tom: welcome back. apollo's chief economist sees a rising chance that the fed will leave rates unchanged as the u.s. economy grows. it is a view that seems to be getting tractio

set on turnaround russell. thank you and it's time for the weather. here's everson. hello, we've got a few showers in the full cost for a positive japan now little more the way i plowed coming through here. we got the assess me why the front. it's just lagging it sales folks as well, a little further north, which as we go through monday and pump some right up across hong share before 10 the the eas, out into the from was a legacy. a shout was coming back in behind a few showers. the into the korean peninsula, much of china is looking try temperature's, getting up into the high teams, the full beijing. more of the same as we go on into a to stay. now do some whatsoever to the south side. we got some showers. so what the weather into the fall south of china, to tropical storms here, because this is try me. now making that was made land full, just hugging. that's a central coast of vietnam, but the slow moving is not maybe too far, too quickly as try to make and about to and out into the open water. so it's still

russell 2000 down a percent. my next guest says now is the time to strategically add to small caps. >> be more specific, strategically. what does it mean when we talk about small caps? because i think it's a good point of debate right now. >> thank you again for having me. that's why i wanted to lead off talking a little bit about small cap because technically when the cost of capital gets cheaper which with the fed sort of pumping the brakes at 50, we saw that pop in small caps. we're still in a slowing economy, albeit not slowing as quickly as people may have anticipated. so the trend for small caps is still getting teased out because they're so dependent on domestic consumption. although from a selective standpoint, they appear to be pretty ripe for m&a. >> i can't help but think of higher for longer and as we talk about rates ultimately going down because of what the fed is doing, how do we think about the prospects of higher for longer as yields have been going up and it's weighing on this trade? >> the good

jack russell terrier, named after an avid hunter in england.,, the a new york times article noted the terriers are now known for their humor. next let's bring in grace -- [laughter] let's bring in grace with her owner, wall street and broadcasting legend larry kudlow, folks. [applause] grace is a terrier created in the mid 1840s with the single goal when this breed was bred, it was bred for the single aim of being capable of taking on the most savage creatures found in the district. fun trivia -- >> and liberals -- a. [laughter] charles: after world world war for, the breed -- world war ii, the breed game fashion, in hood. carey grant named his archibald leech. ladies and gentlemen, the fox business dog show. [laughter] [applause] so, kat, fun trivia for you. >> okay. charles: carl has an instagram page. >> yes. at@the the real good boy carl. charles: how many followers? >> he's got 10-11,000. charles: he's going to need an agent. >> i know. charles: watch out, maybe we'll see him on gutfeld. >> absolutely. we can update his page. charles: that

the russell 2000 down more than 1%.et's flip the board, annual jobs claims, look at the u.s. 10 year. two basis point year -- yields up. we watched a single currency, the ecb almost fully expected by this market to cut for the third time. iron ore down 3% on the back of that disappointment around officials and lack of more concrete support for that property market of china. china has announced further support to ensure unfinished homes are completed and delivered to buyers. less crossover to our china correspondent in hong kong who is passing the details. what is the expected impact? >> about 2.2 trillion yuan in financing has already been extended to these property developers projects so they are going to increase this, pre-much double it to 4 trillion by the end of the year. it's below what market analyst had been calling for. numeral had been calling for 3 trillion in additional funding through the intelligence analyst saying 11 trillion in funding is needed for this massive amount, 48 million homes in the housing ma

that's when police say the homeowner, russell novak, was shot dead. police chased the suspect. the man's son, nicholas novak, through several cities. eventually, russell gets out of his car, pointing a gun at police. they returned fire, killing him. for the latest breaking crime news, go to true crime news.com. watch more exclusive content on our youtube channel. listen to our podcast and follow us at my. true crime news. one more thing before we go. we have another true crime news scam alert. with thousands still cleaning up from hurricane helene and millions bracing for hurricane milton, federal agencies are warning those impacted to be on the lookout for fraudsters. the justice department says to beware of donation scams, where websites pose as legitimate charities, only to steal your money. and if someone asks you for money to help you qualify for fema funds, it's a scam. the ftc is also saying to be on the lookout for home improvement and debris removal scams. walk away. if someone demands cash payments up front. that's it for today's true crime news. i'm anna garcia. join

tonight, congressman russel fry is here to respond. trump has a plan to secure the border and we'll tell you about it and this story. >> he is dieing to do this. hold a new position. liz: trump again said he has a spot for elon musk in his administration if he wins and it's not nasa. we're going to talk about it. plus, the debate on how trump wants to fix america that got democrats and the media in an uproar. also this, california now attacking elon musk and he's calling it a new form of lawfare. we'll explain what's going on. the big story now, the self-described knuckle head. >> my grammar is not always correct and i'm a knuckle head at times and i'll own up to it. liz: we have even more new tim walz knuckle head gaffes that's riddling the kamala campaign and it's trying to win over male voters and g gregg jarrett takig it on if walz will save the day. >> he's a great choice for kamala because she has no clue and she picked a running mate that's equally stupid. >> i heard the last name and didn't know who he was and never saw him on

catherine russell is there unicef who helps disadvantaged children around the world. good morning.oncerned by what is happening right now in ala lebanon. thousands fleeing without supplies. what is the speed of the escalation do to your ability to help these kids? >> i think the speed and intensity is shocking honestly. and it does make it challenging for us. however, we have been in lebanon, we're on ground there, we are doing a lot of work moving in tons of supplies, medical supplies and other supplies. but i think the challenge is that the population, about a million people, have been displaced. and so that kind of movement makes it very challenging to try to provide the services that people need. but i think, we're there and we're doing it. obviously we need more resources. that is always a challenge. but i feel confident at this point that we could meet the needs but it is taking a tremendous amount of effort on our part to do it. >> the u.n. refugee chief, one of your colleagues, said today that the strikes on lebanon had violated international humanitarian law. is that effec

landing trade that's swept markets the russell is down since the federal reserve cut rates a few weeks ago. it's down around 2% and the s&p 500 has risen. that is showing you there is fear creeping into the market about the strength of the economy. we've seen disappointing manufacturing data and strong jobs data. it really has been a patchwork of mixed signals out there of how the economy is doing. >> roger, we'll give you the last word here as you look at the balance of data coming through with the inflation story and weakening jobs story, which one in your mind, in your opinion, is the one that needs to be the real focus of the fed right now >> oh, for sure, i think it is the labor market story you know, they're positioning this as a labor market as imbalanced and where they like to keep it that's real i a story. having said that, you know, what we saw in terms of potential wage settlement with the dock workers on the east coast does suggest in the weakening labor market, that could lead to flare ups here and there in terms of pricing. i think labor market and expectations of cutting

now you can generate the impact from covid calls and still participate in the russell 2000. >> russell, great to have you here. we're going to talk a quick like at the futures. in the red across the board. that's going to do it for "worldwide exchange." squauks starts right now. >>> goodern mooing. stock futures pointing to a lower open a day after iran carried out a bls tick missile attack against israel. crude and gold both higher. crypto, though, is lower. a full rundown is straight ahead. >>> nike shares is tumbling. the company withdrew its full-year guidance, canceled the day yesterday as it transitions to a new ceo. >>> and what is being called a cordial showdown at the vermontal debate, we'll show you the highlights on taxes and the economy. it's wednesday, october 2nd, 2024, and "squawk box" begins right now. ♪ >>> good morning and welcome to "squawk box" right here on cnbc. we're live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin, and this morning you are going to see some red arrows when you check out u.s. equity fu

on the russell, some underperformers.n the bond board, a brand-new look to the bond market in america. the first time since august, 3.98.89. the biggest one-week pump last year going all the way back to june 2022. some changes to some calls already. jp morgan and bank of america dropping the call for a 50 basis point rate cut in november. a little bit later on saying this that is done for 2024. annmarie: you have to think about what was said before this jobs report, looking where real estate is. he called in a very expensive insurance cut and now you see in the market if you look at the futures, everyone pricing and 50, that is basically a 90 degrees drop. mohamed el-erian said to you inflation is not dead. jonathan: and all inflation becomes that much more important. we got cpi later this week coming on thursday. some bank earnings at the back end of the week it will talk about later. that much more important, cpi on thursday. annmarie: you have to imagine that the jobs report marginally shipped them away from inflation

dr. russel design or is believes the growing number of villages in and around rainforest is a recipe for disaster huts full service. and i think these tend to be places where you have high value diversity and highly seem published with increasing traction. wave of the missing gables. finalize and in the natural medical medical field techs overseas griffin fox not a gas guy who's one of the highest race to play during the well spread blast. please use lisa ross. as you percent of the population leaves on to dollars a day, you can access professional medical care for profit sanitation. these country was one of the least ducks in a city now forgot to close the 19th and low child with immunization right? of lead to these without the nicholas last 4 members of his extended family to carpet 19 he's only been vaccinated wants and says most villages often stayed improved and natural remedy like a hub. and tony pushed by medic asked as presidents and it's one thing that's kevin was i'm i guess on the left as my seat of 18, a volley of, of tough food. these i'm and the, some of my life in the,

dr. russell design or is believes the growing number of villages in and around rainforest is a recipe for disaster huntsville service. and i think these tend to be places where you have high bio diversity and highly soon published with increasing traction. we've been missing animals by life and in the natural american manager for checks overseas from not a gasket has one of the highest rates of play getting well spread blast. please use lisa ross as you percent of the population lives on $2.00 a day. you can access professional medical care for proper sanitation. these country was one of the least vaccinated city in africa. to close the 19th and low, charles would immunization right of lead to these without the nicholas loved full members of his extended family to carpet 19 he's only been vaccinated wants and says most villages often stead, improve and natural remedy like a hub. and tony pushed by medic ask, is presidents and it's one thing has caramels. i'm up yes. on the left as my seats are eating a volley of of tough these i'm in the so my lives in denver is on the for the most .

the today, dr. russell in binary is, is performing an autopsy on a lease which died the previous day at the zoo samples. he gathers from this animal will go back to a bar tree. he says, oh, not a desk is capital city. so i'm looking in the skin to see if there's creases of mental not, for example. it's a chance to further research into what stock does make the vulnerable disease. so there's a lot that we don't know, but is a healthy lever in the natural habitat. but also how do we maintain their, their health. we do not know all the different parasites and viruses and back to you that the neighbors may have leading attainments. he conducts field research, not a guess because we're emotions. brian fox for an american university. this is a camera term when you haven't anymore that scrubbing, testing and releasing nice. you've animals to seize the catching diseases from human or domestic animals. such studies, a martial with africa facing a dramatic increase in did, we do not adapt brakes. how does your work help us understand? is there not diseases? so what i've known so far is that we

sean russell prácticamente no tiene delanteros, tiene que improvisar el ataque con jack kane.uenos, con mucha movilidad, pero tenemos una estructura creo que buena para poder defenderlos a ellos, así que haremos todo lo posible y será en el partido. a las 23:00 de la noche les tendremos todos los detalles de este partido. pitazo final a este repaso deportivo. pausa y ya regresamos con más. hyundais domina la acción fue presentado por toyota. cuando la aventura llama toyotapond rese en la noche. así es. muchísimas gracias. muchísimas gracias. chicos, antes de eso, por favor. un segundo. estoy muy feliz de estar aquí y muy feliz de formar parte de esta familia y de que usted me deje entrar a su casa. perdón. tenía que decirlo. ahora sí. lo que vamos a tener esta noche a las 11. mire las imágenes impresionantes del ataque de una anaconda que intentaba devorar a un hombre que lucha por su vida hasta con sus dientes. ahí lo está viendo. y todo queda captado en cámara. lo vamos a revisar a las 11. y por supuesto, más sobre las condiciones del tiempo que estamos enfrentando en toda l

and in london, protesters marched from russell square to whitehall, where speeches were delivered. 0urhave largely dispersed now but earlier today there were tens of thousands of people who turned up on the streets of the capital to take part in the demonstration. you could see a sea of palestinian flags and people holding placards and banners saying things like, "ceasefire now" and "hands off lebanon." as the march took place, people were holding these large megaphones chanting things like "stop the bombing, stop it now." there were people from all sorts of backgrounds, people of different ages who took part in the march. we saw babies in prams, elderly people, people from different parts of the country coming to call for an immediate ceasefire in gaza. and an end to the deepening conflict in the middle east. i spoke to one woman who said she had family members who had been killed in gaza. people felt helplessness at the escalating conflict in the middle east. the march started two miles from here in russell square and it took about 40 minutes to get here at whitehall where there are

the deputies russel's beer, chief of 14 for us at nathan h q. thank you. of alex bolivia is former president abel morales has accused the government of trying to assassinate him. of the gunman fired at his vehicle. pensions have skyrocketed between morales and believe he is current president, luis archie, the the race, the believe is ex president, even morales rushes into a call. i mean panic screens. several bullets full so visible in the wind shield as the vehicle spits away with morales inside. the drive a is bleeding. rollins this 14 bullets with flight at he's cost injuring the driver. but they're all this himself is on homes for this are all little accuses the current president, louis austin old during that time being so they're all of us who's under an investigation over in the large relationship with the minor says offset wants to blow people from next ts presidential race i mean it'd be nice of, you know, the government administered, try to use it for women to accuse me quite so said they got an all saw or if using that study, one of them told me

the russell has worsened while other averages have improved somewhat in the past hour or so. 3.83 on ten-year. we have seen rates backing up as we get economic data coming in stronger than expected now, energy is leading the way today. of course, oil prices are higher because of middle east turmoil on the down side, real estate, materials and consumer discretionary shedding more than 1% chinese stocks are taking a breather today with the kweb having its worst day since august names like bthese are giving up recent gains and levi strauss is under pressure as it considers selling its dockers business these shares are having their worst say dsince june >>> coming up, bank of america says everything from bananas to whisky to pasta sauce could be held up by the ongoing port strikes. but they do see a boom to other companies. here's a look at the mystery chart. shares are down 28% this year after a disappointing guidance on monday. we'll reveal the name next and cnbc is celebrating hispanic heritage here is ceasar lopez ♪ ♪ >> there's a proud afro-latino, i got to witness my parent's value

the russell 2,000 averaging the last return over the last three years has been under 2%.torically, very low. and you're looking at a russell 2,000 index overall that's still sitting below its november 2021 peak. >> and you love it. >> and we think valuations, because of that, have gotten extraordinarily attractive. it doesn't matter how you look at it, relative to the russell 1,000 or to the s&p, we're looking at double digit discounts, historical relative valuations, trailing pe, price to book, price to cash flow. >> peter, that might be a good place to bring you in. for back of a better term, the optimists might say this is a great entry point. but hey, there's a reason we're seeing things trading for these discounts. >> i agree, if you're looking for value in the market, that's the place to get it. but you're right, and when you have a higher interest rate environment that we're in, at least most exposed to it in terms of balance sheet and interest expense and floating rate debt, it's those types of companies. but it can separate the strong from the weak. if you can ge

are they russell? russell, hush child is the author of the groundbreaking books the second shift the manage heart, the time bind and of course, strangers in their own land, which became an instant bestseller and was a finalist for a national book award. her latest book, as you know, is stolen pride lost shame and the rise of the right. her child is professor of sociology at the university of california, berkeley. she lives in berkeley with her husband, the writer adam haas child, and matthew desmond, who'll be leading the conversation tonight as a macarthur and the author of the new york times bestseller and 2014 2017 pulitzer prize winner evicted poverty and private profit in the american city and 2023 poverty by. jasmine princeton's morris bee during professor sociology and the founder and principal investigator of the eviction lab at princeton in 2018, published the first ever national database of evictions in america going back to 2000. he is a new york times magazine contributing writer, and his w

russell kirk, the introduction to his seventh edition, final edition of "the conservative mind," russell kirk talked about what conservatism was. he said, conservatives look at custom and convention, conventions forged by compromise and consensus over time, and applied prudently. then at the end, he said, whether we attach ourselves to the party of progress or the party of permanence depends upon the circumstances of the time. that's what kamala harris just said there. basically saying, yes, i said what i said in 2019. 2020, a lot of things happened. a lot of things changed. i've traveled the country. i'm going to do what russell kirk said in "the conservative mind." seek consensus, seek compromise, be prudent over time. this is something that real conservatives would applaud. gene, for some reason, many who claim to be conservatives is simply aren't doing that. they're going in the radical direction that russell kirk, edmund burke, and real conservativing warned about. >> right. the republican party right now is not a conservative party at all. i thought that was a particularly effectiv

trust is where the ticket of the 2 pillars off to these show. russell, thank you very much for us to start. are talking to us from tech, from the still ahead on, i'll just say that we're going to take a look at the issue of product spending and prisoners being held in is really jails in the context of a war in guns. the have a lot of a let's look to southeast asia and now that type food crap in his family, out of the picture. yes, this is the earliest satellite image. it's not as west across northern parts of the philippines. we will still see some heavier rain across the region mixed in with sunshine. in particular, some heavy falls for bonia and working their way into the malay peninsula. and look at that heavier rain on sundays, starting to edge into southern parts of can body and vietnam. so the west of the rain for southern areas that and its southern parts of the stray leah that will continue to see the showers on saturday. we will be, and all of a cold front working its way across the se, bringing some cloud, some blustery conditions as well. some of that cloud switching acros

the russell -- 233. the was elle 2000 up 5. -- russell 2000 up 5. treasury yields have not. yesterday both the 232 and the 01-year breached the 4% ceiling, and the 10-year is at 4.04, up 1.3 basis points. the 2-year is retracing a little bit, it's down 1 basis point to 3.985. let's get to oil. after gushing 3.7 higher yesterday, oil futures are receding. we've got light sweet crude right now down 4.33% in the aftermarket. brent, the international benchmark, down 4.3%. investors have big tissue to fly in the -- fry in the next few days. the latest read on consumer inflation, september cpi, coming in thursday with bank earnings kicking off the season friday. joining me now, jeff sica and carnivore trading ceo dutch masters. jeff, i'm throwing this to you first. we know that cpi is coming on thursday. people started to say that the inflation reports weren't as important as they were in the past. if are they still important to you? if. >> i think they're paramount right now because here we come off of a couple of days ago we got that very strong jobs report and everybody started

may have read your book or who have experience in san felipe and del rio, can you can you us about russell schools. yes. so russell schools is essentially the story of a one of a kind school district that existed in a borderland town in the city of del rio. in this mexican-american community, the city of del rio, known as san felipe and this is the story of a of a community of the people who organized and established in 1929. right. as we coming into the great depression estab large an independent school district, the first of its kind, arguably the only kind of school system that would be organized by mexican-americans at the height of jim crow. that is, say, at a time with mexican-americans were segregated when they were disenfranchized when they were victims of environmental discrimination when they were overpoliced at mass incarcerate it. here you have this community in west texas in the city of del rio in 1929, on the cusp of going into the depression, establishing an independence school district recognized by the state board education then 98 now. but recognize by the agencies coming

but let's go back to her sister donald correspondent, his life for us and to her on russell can you talk us through whether there's been any updates since we just last spoke? obviously this is a moving a story, a very significant one. a especially now that israel has confirmed that it is carrying out those strikes on iran, as it is as of now in the capital, we are not seeing any sounds of the explosions. however, however, shortly before they have heard, at least 3 explosions, most of them taking place in the western part of the capital. and then there are some reports that the stores were heard in the city of caution, and also in the city or mission. so this cities, they're having significant some nuclear facilities and also the military facilities as well. but what we understand so far that that has not been any explosion in the nuclear facilities. oil and gas reserves brother the, the, the, some of these, the military targets have came on thursday is riley attacked. but we do not know about this, the state of the casualties where the sap some, some soldiers have been killed or injured

as also believes many more causes remain trapped on the russell yard. yes. has now ordered residents to evacuate from areas near the city of hong eunice in the south, while claiming that i have mazda of tak, originated from not so nadia today. some of the displaced palestinians were cool. the last time they were told to leave the a little longer when the revolution began between the arabs and jews and the residents of the country said the jews had come to the country and the palestinians began to leave. i didn't expect us to leave the country, our departure from our homeland and our land was very difficult. and then this war began on october 7th. although we had to leave our homes, then this war has been harder. it is harder and tougher to of my sons died. one died with his young child and his wife and my other son, died with his daughter and 5 parishioners, hoping morel keep us patient and believing. if we are patient, god's plan will be fulfilled. and if we are not, god's judgment will be fulfilled. what should we do with these jews? god save us from them.

the s&p, russell, and nasdaq all lower on the day led by the russell 2000 on the heels of geopoliticalat we are seeing with respect to jobs. the countdown to nonfarm payrolls seems to be starting yesterday with the jolts report. the jolts headline number came in ok. you see the quits rate at the lowest rate back to 2020. more questions about just how much resilience there is in a market that has been hot for a very long time. annmarie: everyone is excited about the nonfarm payrolls. you take the over or the under? unless you are citi's andrew hollenhorst looking for 7000. it is the next job report will be interesting. how do we take into account the fed -- we have a strike at boeing and a strike at the docks and the effects of hurricane helene. lisa: in the bond market udc a rally. carrying through two today. it has flipped around with a lift across the board. two year yields, 3.61%. in the currency market, an interesting story with japanese prime minister saying the economy is not yet ready for further interest rate hikes, taking a more dovish tone similar to what we heard earlier fro

and is he getting them russell as well? so now you're brand new is are taking the possibility of original war quite serious, and now or after it's in the regional tours to avert it. so in the last 2 weeks, we have seen that he has visited more than 10 countries, egypt, 11 on turkey, jordan, so they are a, b, a, c, o. yeah, iraq. and on my way to buffering cutoff, and when, what does that he's going to be in russia? so all of these are forced through this a for, to be diplomatic with that being to clear messages being conveyed by out after he's compromised that and also how to states and the governments as well. that 2 messages are 1st, that israel is not totally up to that 4 has a $4.00 to $411.00 on for the guys that 40 run buddies. the original draft am to stop the israel original. a 4th is needed. now he's trying to bill such a regional effort then cooperation of the 2nd message off off i'd have to to, he is a to the regional countries. was that in case if the air space or the american base is located in this countries a

jessica tells me she's served 13 years as a spokesperson under to natal cheats under folk. russell some enhanced, open back. this was on the 1st day when we were going to the press conference. and we had what, so we had worked on his $100.00 days plan. don't just confess. increasing defense spending across the alliance will be one of the most crucial issues router will need to tackle. it's not being easy for the netherlands on the history the ship to reach the nato benchmark of investing at least 2 percent of gdp in defense. but of course, it's clear that with the current um uh, very robust, defense plans that nato has. the nato allies will need to invest more than 2 percent in defense, and that's an area where a mock realtor would need to show leadership. however, good to, as most challenging task might be to keep the you as a board to need to. so donald trump, the elected again, those men seem to get along boots or even the nickname the trump was correct. but he also strongly opposed drums. protection is economic policy. so he can be both firm but also have of a very good relationship