. >> i'm sara eisen. welcome. let's look at what's driving the action facebook is sinking down more than 5% after the whistle-blower behind stories in "the wall street journal" made the identity public telling "60 minutes" that facebook chooses profit over safety much more ahead. >>> and the rest of the faangs are in the red with apple and microsoft. treasury yields are higher energy is climbing as crude oil prices hit the highest levels in three years on back of today's opec plus meeting. off the lows but still heading south. >> not far off the lows. coming up, bridgewater karen karniol-tambour will weigh in with opportunities in this market we'll speak with the attorney for the facebook whistle-blower about the decisions to leak company documents, file come plants with the s.e.c. and reveal her identity. >>> let's get straight to the selloff as the week begins with more volatility. what are you watching? >> obviously we came into the week having bounced on friday but a fragile technical condition because we had

. >> i'm sara eisen. president biden unveiling a revised framework for the social spending plan now totaling $1.75 trillion >>> a mixed day for data the third quarter coming in at 2% the jobless claims were better than expected, coming in at another low since the global pandemic again, on track with the record. >>> ahead on the show today, two tech houses come up. we'll hear from the president of shopify, the ceos of hawaiian airline and twillio. >>> kayla, phils to you -- first on the big news out of menlo park because facebook is announcing its name, changing its corporate name to meta under the new ticker symbol mvrs let's bring in steve kovac steve, good to see you >> this is all about mark zuckerberg taking a step back and saying instead of working on our traditional social media apps, i want to focus on the future, and that's this metaverse thingwe've heard him talking about. he believes in it so much he just changed the company name to reflect that. >> do we think the name change is related to the

closed today major averaging kicking off the week slightly in the red i'm courtney reagan in for sara eisen. cleveland cliffs announced an acquisition this morning and southwest airlines getting hit after the company canceled more than 2,000 flights over the weekend. we'll have more coming up. hopefully you with reren't a passenger on the flights. >>> indeed rising costs with jeff currie and savita subramanian will weigh in >>> focusing on the big story just mike santoli is tracking the market action and phil has the latest of cancelations at southwest airlines mike >> remans an indecisive market you mentioned the bond market closed we lacked the guidance from treasuries yields are higher going into today's market session con central banks might be apprehensive and in the confusion zone even as the highs of the day still below let's say the s&p 50-day average and still kind of side winding in this area, still a 3% orso pullback from the highs. doesn't look like an urgent negative action and stuck. maybe waiting for that inflation print. earnings coming. look at the value versus growth dynam

i'm sara eisen here at the stock exchange broader averages holding steady.anks kick off tomorrow morning. >> can't wait. i'm wilfred frost. nike one of the big winners in the dow after goldman sachs initiated the stock with a buy target and 172 target price. weighing on the dow is intel chipmakers hit after a new report of prices for the memory chips could decline next year and the macro fund chairs saying that the fed is still on track to begin tapering this year. >> more fed speak on this show we talk to st. louis fed president james bullard. he'll weigh in on the state of the economy and the factor that is pose a risk to the economic growth plus curevac shelving the covid-19 vaccine candidate hurting the stock. >> let's focus on the big stories of today mike santoli is tracking the action and meg tirrell watching the fda. mo broader markets? >> ugly on the index level if you count the overnight sessions it is jumpy within a range. a decent half percent selloff. fully recovered by the morning and 2% above last week's intraday low 4% below the highs there i

if you are just joining us, i'm sara eisen and mike santoli in for wilfred frost.her by 75 tft the outlier and finished the week higher. third positive week in a row for the dow. american express today, biggest negative is honeywell. s&p 500 closing down still higher for the week. as far as the story today, communication services we know is worst performing sector consumer discretionary, technology and materials weaker. financials leading the market higher the nasdaq down .8%. big tech hit hard today. amazon, apple, the biggest drags. microsoft as well. tesla with a good day following a strong one yesterday netflix up a third week of gains. coming up, talking to tech investor dan niles and what he is watching on the big tech earnings and why he has more shorts than longs in the portfolio. pfizer says the kid sized doze of the covid-19 vaccine is nearly 91% effective to prevent infections dr. levy is back on the show to weigh in on when the shots could be approved for that age group >>> on the markets nancy tengler is with us and david joins the conversation first,

i'm sara eisen a mid-morning dip. the nasdaq and dow firmly in the green and disney weighing on the dow. >> i'm wilfred frost today a weaker than expected gdp print from chin. with growth of just 4.9% in the third quarter. but in the u.s. home builder sentiment topped estimates despite supply chain issues. bitcoin higher again above $60,000 as the first futures etf gets ready to launch consumer discretionary the best performing sector. >> coming up, ben silverman will join us. we'll ask him about the competition in streaming and a report raising red flags about disney plus and joined by the ceo of suntory to talk about the big push for sustainability. >> let's focus first on the big stories to watch today mike santoli is tracking the action josh lipton with highlights and joining us to break down the event and the impact on apple price is a guest mike, did broader markets nice intraday recovery. >> for sure. some pre-market selling in the futures. a global influence there you could argue. bond yields flying overseas.

i'm sara eisen nice rally today for stocks. major averages positive for the week. >> thank you for letting me know that it was me next. i'm wilfred frost. have a look at what's driving the action walgreens after strong earnings this morning a good showing from the bach banks. and good economic data this morning with weekless jobless claims and september ppi lower than expected. >>> coming up the chairman of wells fargo on the company's earnings report and emg capital founder eric jackson joins us to discuss the names that he's most excited about. mike santoli tracking what's driving the rally and wilfred with bank earnings mike >> a better rallies in months. a one-day basis. we talked about signs that the market is gaining traction below the surface. refusal to go to new lows and today release to the upside. yes the good earnings and decent economic data? all seems to have caused one day this recovery move and fear of missing out has people chasing it does that look like october, for example? of last year somewhat a similar dou

i'm sara eisen let's look at what's driving the action goldman sachs a big winner in the dow after a blowout earnings report this morning. september retail sales number this morning strong and travel names powering the sector higher after the white house announced to lift international travel restrictions november 9. something you have been waiting for. >> i know. i feel it's timely we mentioned earlier it in the week i hope shep wasn't watching. five more hours at least. >> through the end of the news. >> on the news, david klein joins us to talk about the acquisition of an edibles company. plus the fda is out with new guidance for johnson & johnson's covid boosters we'll talk to dr. ofer levy. >> with a great head shot. the big stories in this final hour, mike santoli tracking the market action. meg tirrell with the latest on the vaccines mike, respectable follow through today. >> absolutely. more than one half of a percent upside after yesterday's big surge. has climbed, the s&p 500, above the 50-day average stopping yesterday. the next thing to look for is one month ago september

. >> i'm sara eisen. welcome, everyone. right now investors keeping a close eye on earnings. ibm sinking and weighing on did dow. tesla higher and much more action after the close jobless claims below the 300,000 level in the latest print. more progress on the jobs front and oil making a move lower. today's downturn pressuring the energy stocks. 59 moneys left to go in the session. consumer discretionary in the lead right now. >> on the show another can't miss fed interview in a moment rafael bostic will weigh in. plus a pulse check on software autos and chemicals when we're joined by the ceos all on the back of earnings. and more earnings after the bell including intel, snap, chipotle as scott mentioned and mattel. >> let's focus on the big stories at this hour mike santoli tracking the market action and steve liesman with the fed's new move mike, what are you watching in the market >> index is pausing at the old highs. from september 2 really some strength in the larger nasdaq stocks keeping that index green and the majority of stocks on the s&p and the new york stock excha

i'm sara eisen at new york stock exchange easing some anxieties for investors the major averages are surging but off the best levels heading into the final hour of trade. >> i'm wilfred frost have a look at the action today. congress coming to a deal on the debt ceiling pushing back fears on a default until december nearly every s&p sector positive led by materials and health care jobless claims fell by 38,000 last week. it comes ahead of the september jobs report. >> coming up, jeff sherman, stephanie link and tesdra maeda will weigh in. tesla set to kick off the shareholder meeting. we'll ask what a top analyst is wooching for reddit co-founder alexis ohanian will join us >> looking forward to that. >>> but first the let big stories. mike santoli with a look inside the rally. meg tirrell is looking at the vaccines just slipping a little be the in the last hour? >> certainly good to have three days straight in a row higher. we got relief but not really the rerisky move i do think maybe tomorrow's job number before the open might be a reason people wanted to flatten out when we did g

i'm wilfred frost with sara eisen and mike santoli we did just slip into the close. dow. just 312 of gain just the high 487. and 1.25 of a percent for the nasdaq it was a broad rally tech and cyclicals doing well today. eric johnson who downgraded the bullish view of the market last month on whether he thinks there' more downside senator warren on the call for an insider trading probe into fed officials and why she said fed chairman powell is a dangerous man. jimmy chang joins the conversation mike, to you first slipp slippage into the close but brings us back to flat for the dow on the week. >> kind of made up for yesterday's losses the bounce stopped right exactly where you would say tmd if it were just a reflex bounce. we talk about this a lot when the market has been in one of these chop zones it gets tactical the levels seem to matter a lot and because really the macro fundamentals haven't changed that much. it is about positioning and the clustering of positioning is around a lot of these levels so that's where we are at the moment takes more than a day bounce

. >> i'm sara eisen. welcome. let's look at what's driving the action it's all about components. j&j higher p&g is weighing on the index bitcoin is approaching record levels again as the first bitcoin futures etf begins to trading. walmart is popping after goldman sachs added the stock to the conviction buy list. 59 minutes left to go in the session. >> the ceos of philip morris and steel dynamics and chairman of int interactive brokers join us. we have a big afternoon of results including the much anticipated print from netflix first faang name to report and the first report from them since "squid game." >> "squid game" which is key we'll break in with breaking news from the fed. steve? >> fed governor making a somewhat hawkish speech today coming at 3:00 saying the fed should respond aggressively if high inflation continues for the rest of the year progress is made on inflation and the employment goals therefore he favors tapering following the november meeting he thinks inflation is going to prove to be transitory and said he's concerned about inflation and expectations becomi

i'm courtney reagan in for sara eisen and with wilfred frost and mike santoli the market down.down half a percent pulling the russell 2000 in that one then would be the laggard down on this friday. coming up counsel of economic advisers chair cecilia rouse on the jobs report. gregory branch is still with us and hillary henriquez is joining the conversation sort of a calmer end to what started as a more active week. are you surprised? >> calm and apprehensive with a lot of reaction but in different parts of the market. banks capitalize all week and today's on the higher yields but in yen the growth sectors still hit when we see the yields go higher that play book in effect though it doesn't have to be. s&p 500 for the week up. with almost no help from the nasdaq 100 names with apple dead flat so that shows you it's been still a fitful, messy rotation in favor of cyclicals but again i think it's very much a show-me market short term and likely creating a carving out of a buying opportunity because sent. is so negative and hard to now get very skeptical about the ultimate downside

. >> welcome, everyone, i'm sara eisen.all street keeping a close eye on developments out of washington president biden meeting with business leaders about the debt ceiling. and there's late-breaking news here that congressional republicans will propose a deal. much more on that in just a moment the energy market also remains top of mind. oil and natural gas pull back from multi-year highs. and crypto has been a steady bright spot in this volatile market bitcoin now well above $50,000, adding about 7%. nasdaq is in the lead. >> coming up on the show today, travel stocks pulling back as outlook for that sector remains cloudy the ceo of windham hotels will tell us about it >>> plus, it's pullback in oil that we've seen of late today, quite the opposite move that we've seen of late but today it is pulling back slightly, and gas is pulling back a lot helima croft from rbc will join us to discuss where next for that sector. >>> let's focus in on the big stories this hour. mike santoli tracking the choppy market action. and the d

. >> i'm sara eisen. welcome, everyone. right now investors keeping a close eye on earnings.. tesla higher and much more action after the close jobless claims below the 300,000 level in the latest print. more progress on the jobs front and oil making a move lower. today's downturn

i'm sara eisen here at the new york stock exchange. mostly positive session again today as the dow hits a record the s&p aims for six winning days in a row. but the nasdaq is lagging as we head into this final hour of trade. >> and i'm wilfred frost let's have a look at what is driving the action today earnings remain in the spotlight as investors digest results from netflix, united airlines and verizon with more big names coming after the bell. bitcoin bouncing to a record high, its first in more than six months as crypto bulls cheer the launch and surprise m&a talks sending shares of pinterest soaring. >> we have a great lineup coming your way cleveland fed president loretta mester will join us to talk about the taper time line and her read on the economy amid lingering inflation and supply chain concerns is she thinking about liftoff? plus an exclusive interview with the ceo of deutsche bank and if that isn't enough we've also got a big slate of earnings hitting after the bell 58 minutes till the close. >> let's focus on the big sto

. >> i'm sara eisen. welcome. let's look at what's driving the action it's all about components.approaching record levels again as the first bitcoin futures etf begins to trading. walmart is popping after goldman sachs added the stock to

i'm sara eisen here at the new york stock exchange, mixed session on wall street s&p kind of in between as we head into the final hour of trade. >> and i'm wilfred frost let's have a look at what is driving the action today the nasdaq dodging losses today as microsoft and alphabet trade higher on the back of earnings those stocks each up 4%. bond yields are pulling back adding more support to the tech sector the 10-year yield falling well below 1.6% oil prices are lower and dragging on the energy spice thoughe though the sector is still up double digits. >> spotify's cfo joins us to talk about his quarter as the stock gets a big boost today >>> plus, affirm ceo max levchin talks about his company's new buy-now-pay-later partnership with american airlines >>> and we will speak to the imf managing director kristalina georgieva ahead of the g20 and cop26 summits. >> let's first focus on the big stories we're watching today mike, let's start off with the broader markets. the s&p flat >> a bit of an uneven performance aside from the indexes. well, if you mentioned microsoft, alphabet, you ca

welcome to "closing bell," everyone sara eisen here with wilfred frost. let's bring in kayla tausche who has been following the administration's efforts on this front. kayla? >> reporter: you heard from president biden that there are some actions being announced today, but much more needs to be done, and that speech he was calling on retailers who order these goods in high numbers as well as freight, rail, and trucking companies to do their part to help unlock some of this capacity and get these goods to consumers. he says that if they want to incentivize these companies to make these changes but that he is not going to back down from taking federal action if he needs to, to loosen up some of these log jams we're heard from the commerce secretary who has said that in 45 days or just less than that, she would be happy to use the defense production act to compel some of these companies to provide more information about their supply chain if that is what it takes to actually fix the problem. behind the scenes, as president biden's approval rating has been er

welcc welcome, everybody i'm sara eisen facebook turning lower, weighing on the whole market after initially getting a strong pop on earnings. stock down around 5% other earnings are also in focus today, including some sizable moves for u.p.s., ge, eli lilly, and many more after the close. consumer confidence topping estimates for the month of october, up four points from september. we have 59 minutes left to go in the session. >> we have a big show coming your way in just a few minutes, we'll speak with the ceo of $200 billion pharma giant, novartis on the back of their earnings as that company starts a strategic review of its generic drug business >> get ready for a jam-packed afternoon of earnings with results from alphabet, microsoft, twitter, visa, and many more. >> let's get to the stories we're watching mike santoli tracking the market action josh lipton with what is driving nvidia higher. frank holland with the earnings pop for u.p.s. mike, start us off >> rally has slowed down a little bit grown more mixed under the surface. maybe not too much of a surprise as of right now, s&p 500

. >> i'm sara eisen. welcome.ing the action facebook is sinking down more than 5% after the whistle-blower behind stories in "the wall street journal" made the identity public telling "60 minutes" that facebook chooses profit over safety

i'm sara eisen let's look at what's driving the action goldman sachs a big winner in the dow after aravel names powering the sector higher after the white house announced to lift international travel

. ♪ >>> hello and welcome to "closing bell" i'm sara eisen here at new york stock exchange stocks bounceay following the frantic session on monday firmly in the green here heading into the final hour of trading. >> welcome back. feeling better >> yes. >> looking and sounding great. great to be reunited. >> it was an ordeal getting covid and everyone in the house and obviously get vaccinated but don't let it be a false sense of the comfort because watching your toddlers ge

i'm sara eisen here at the new york stock exchange.e session again today as the dow hits a record the s&p aims for six winning days in a row. but the nasdaq is lagging as we head into this final hour of trade. >> and i'm wilfred frost let's have a look at what is driving the action today earnings remain in the spotlight as investors digest results from netflix, united airlines and verizon with more big names coming after the bell. bitcoin bouncing to a record high, its first in more than six months as crypto bulls cheer the launch and surprise

i'm sara eisen nice rally today for stocks.eek. >> thank you for letting me know that it was me next. i'm wilfred frost. have a look at what's driving the action walgreens after strong earnings this morning a good showing from the bach banks. and good economic data this morning with weekless jobless claims and september ppi lower than expected. >>> coming up the chairman of wells fargo on

i'm sara eisen here at the stock exchange broader averages holding steady.f tomorrow morning. >> can't wait. i'm wilfred frost. nike one of the big winners in the dow after goldman sachs initiated the stock with a buy target and 172 target price. weighing on the dow is intel chipmakers hit after a new report of prices for the memory chips could decline next year and the macr

i'm sara eisen at new york stock exchange easing some anxieties for investors the major averages arehe best levels heading into the final hour of trade. >> i'm wilfred frost have a look at the action today. congress coming to a deal on the debt ceiling pushing back fears on a default until december nearly every s&p sector positive led by materials and

i'm sara eisen at the new york stock exchange another mixed session on wall street trying for an eighthnasdaq also pulling back dow positive still near record levels. >> holding up reasonably well. i'm mike santoli in for wilfred frost today. tech stocks are tumbling today after earnings shocks. we'll have more on the moves in a moment american express helping to boost the dow after record car

i'm sara eisen a mid-morning dip.eighing on the dow. >> i'm wilfred frost today a weaker than expected gdp print from chin. with growth of just 4.9% in the third quarter. but in the u.s. home builder sentiment topped

exchange the major averages mixed heading into the final hour of trade >> i'm courtney reagan in for sara eisens of half a million. the 10-year above 1.6% as banks get set to report next month and the energy market is a key

closed today major averaging kicking off the week slightly in the red i'm courtney reagan in for sara eiseneveland cliffs announced an acquisition this morning and southwest airlines getting hit after the company canceled more than 2,000 flights over the weekend. we'll have more coming up.

. >> welcome, everyone, i'm sara eisen.ut of washington president biden meeting with business leaders about the debt ceiling. and there's late-breaking news here that congressional republicans will propose a deal. much more on that in just a moment the energy market also remains top of mind. oil and natural gas pull back from multi-year highs. and crypto has bee

i'm sara eisen here at the new york stock exchange, mixed session on wall street s&p kind of in betweened frost let's have a look at what is driving the action today the nasdaq dodging losses today as microsoft and alphabet trade higher on the back of earnings those stocks each up 4%. bond yields are pulling back adding more support to the tech sector the 10-year yield falling well below 1.6% oil prices are lower and dragging on the energy

. >>> cnbc's sara eisen will ask treasury secretary janet yellen about all of this tomorrow morning. catch that interview at 5:00 a.m. eastern right here on cnbc. >>> former governor andrew cuomo charged with with a sex crime, a criminal complaint filed today in albany, new york, accusing him of forcible touching, a misdemeanor. it comes two months after cuomo resigned in disgrace after 11 women accused him of sexually harassing or inappropriately touching him the complaint says the governor placed her shirt under his blouse and on to her intimate body parts the governor said the sheriff's motions in filing the complaint were called political. tom winter now with the latest now on the charges filed today tom? >> reporter: kelly, good evening. the allegations we've heard before they were raised in the attorney general's report which went to approximately 160 pages earlier this summer detailing a whole host of allegations, and as you said allegations that the governor has previously denied, but this one in particular struck out because a woman came forward named brittany komiseau who a

. >> optimistic start to october after sloppy september i'm wilfred frost with sara eisen and mike santolin see there from that intraday chart well off the lows similar story in terms of the intraday movements the nasdaq up 0.8% all three of those down sharply for the week the s&p down 2.2% for the week coming up, jim cramer on whether the market bounce back is sustainable. the new initiative, the investing club merck fueling the comeback after encouraging data of the new covid anti-vile pill we'll discuss with dr. fauci on what the treatment means moving forward for the u.s. paul hickey is still with us and emily hill joins the conversation mike, i guess one looks at this close positively and like the futures. are the worst possible indicator for where to end every single day. >> exactly they have -- you had dramatic moves overnight. reversals in the day what happens with a bit of a stressed market. i think today it's enough for everybody. a positive not seeing the credit markets freak out. no forced selling probably that 5% sell streak aumont things that everyone talked about as persiste

mentioned we have earnings news crossing right now coke is the one reporting and want to get over to sara eisenmorning, andrew. coca-cola with a pretty strong quarter, a beat and a raise. let me quickly run you through the numbers and tell you about my conversation i just had with the ceo. a beat on earnings, 65 cents the street was looking for more like 58 cents. a beat on sales as well. revenues at $10.04 billion the street was looking for $9.75 billion. organic revenue growth always key for these consumer staple companies coming in at 14% yes, they are lapping some pretty easy comps because this time last year the business was shrinking, but also, james quincey the ceo tells me there's a lot of progress here when you look at these numbers relative to 2019. i say that was my biggest takeaway with the conversation with him as far as the outlook they are raising it for 2021 reflecting the confidence they have in this business and the comeback they have seen. on earnings growth 15 to 17% on organic revenue growth, 15% on cash. quincy telling me, look, here's what happened. we told wall street th

here's what she said to sara eisen. >> i think they are holding our economy back somewhat.uctors. >> yellen said companies are responding trying to boost supply, but that, she said, will take a while joe? >> and apple and amazon. talked about it earlier. all day. reporting earnings late last night, or after the bell yesterday. a rare revenue miss from apple and top and bottom line miss from amazon. shaving millions of dollars off the company market cap dom chu joins us. >> it highlights now, joe, whether or not we will see the most valuable company in the world in today's trading session. it could limit to interesting story lines along that front if you look at the market caps right now in the pre-market trade, given the fall we are seeing in apple shares, and also the slight fall we're seeing in microsoft shares, apple right now currently has a market cap just around, just shy of 2.41. 2.41 trillion dollars given 3.75 decline for apple shares 2.41 the number we're watching for apple. look at microsoft shares showing signs of down side as well just about flat. but 2.435. ca