i'm sara eisen. welcome to swquawk on the stree i'm sara eisen. i'm in zasaudi arabia.gest asset managers are here. and there's a lot of news and deals happening here. money flowing in and out. for instance, this afternoon it was just announced that the public investment fund of saudi arabia, which is nearly a trillion dollars, controls the economy here is investing in brookfield asset management and going to anchor its new and middle eastern fund. that's a big vote of confidence for the brookfield fund for investments and deals in the region and specifically saudi arabia. it's emblematic of the real transactions happening around a conference like this which i think separates it from a number of other conferences we go to where business leaders attend. today i had a chance to moderate a fireside conversation with the finance minister of saudi arabia. and he made news in the conversation talking about some of the milestones that saudi is making when it comes to achieving vision 2030. this is the plan laid out by the crown prince to transition into growth outside of oil.

let's get to sara eisen live from saudi arabia, with more on what's ahead this hour. > hi, carl. good to see you. certainly the election is one of the topics top of mind for investors. about 7,000 of them gather for this fii conference, they call it davos in the desert. i hosted a panel with 12 bankers, so we've got a good chance of the entire global financial system. and coming up on the show, i will share with you what they said about the election, monetary policy, the global economy, and much more. stay with here on "squawk on the street." >>> welcome back. i'm silvana hanao with your update. donald trump ally steve bannon is out of federal prison. he was released this morning after serving a four-month sentence for a contempt of congress conviction. a jury found him guilty in july 2022 of refusing to comply with subpoenas from the house committee investigating the january 6th riot at the capitol. >>> hezbollah announced its new leader today following the israeli assassination of hassan nasrallah last month. they named the new secretary-general today, as israel pres

very much good wednesday morning everyone welcome to another hour of "squawk on the street" i'm sara eisenanilla and david faber stocks are under pressure this this morning, s&p down .4% energy just popped into the green. everything else is weaker. you have tech under pressure that's why the index is lower same with the nasdaq, it's pulling back, so we are tracking for a loss on the week, would be a first time if we continued through friday in the last seven weeks or so. but part of the reason is we're seeing higher treasury yields. look at the 10 year, hovering around 4.2% above there looking at the highest yields since back in july. two year yield above 4%. 30 minutes into the trading session. three movers we're watching. shares of mcdonald's dropping weighing on the dow right now. the cdc saying an e. coli outbreak was linked to the quarter pounder burgers. more on that in a moment starbucks, sales falling for the third straight quarter fueled by a 10% drop in traffic in north american stores and pulling guidance for fiscal 2025 we'll have more on both consumer na names later in the sho

our sara eisen spoke with the saudi arabia minister at the summit a few moments ago, discussing globalming election. >> despite all of the negative news that we hear globally, global chain is growing. >> for now, we don't know who wins the u.s. election. >> that's fine, regardless of who wins the election, we have both sides of the aisle in the white house and they're both still -- >> sure. >> -- trade has grown. that said, there are, obviously, serious restriction that's have been booked by nations year after year. and that's backed global chain. i think currently, and the circumstances of uncertainties, we need to build bridges. >> the european commission has given the final approval for tariffs up to 45.3% on imports of chinese, showing the shares of automakers, lower. china minute still does not accept the tariffs calling them protectionist. and europeans are preparing for more american protectionism, which they'll expect no matter who wins the election. silvia is here with more. silvia, you've spoken to 32 central march bank finance mini last week. europe is not going to take it l

i'm sara eisen with carl quintanilla live at the new york stock exchange along with david faber at theference. taking a look, we are starting weaker down 0.4% of the s&p 500, staples, energy, communication services and real estate though not offsetting some of the weakness for instance in industrialses down 1.3% and materials down 3% and sharper declines in the cyclical groups and financials are weaker and so is technology and that's yet nasdaq composite is down .25% of 1% one thing people are looking at is treasury yields which are backing up higher yields. there's the ten-year almost at 4.2. the two-year is also higher and goes above 4%. we are three big movers we're watching and 3m shares under pressure despite a beat. the stock though down almost 2%. ge aerospace also moving lower despite a beat and the guidance raise, as well that said, shares have been a huge outperformer on the year up around 80% since january and then watch the defense names fresh numbers out of lockheed martin and rtx this morning sending shares in opposite directions but, guys, we've got to start with a big n

i'm sara eisen with carl quintanilla and david faber. post 9 of the new york stock exchange. take a look atstocks. mixed picture because the dow is down 293 points but the big story is 10% drop in united health care weighing on the dow. the s&p 500 is actually little changed. if you look -- going inside the dow, unh dragging 380 points off the dow. caterpillar another 30. chevron, 18. so, some of the weaker spots there. that's why you see a mixed picture. in the s&p, what's leading, real estate, financials having another good day after better bank earnings, consumer staples, discretionary and technology all higher. nasdaq is up a little more than 0.10%. you've got some strength in apple, for instance, on the tech side. tesla's higher today. that's all helping the nasdaq. take a look at treasuries. we reopen after yesterday's closing for columbus day holiday. the ten-year yield. under 4.1%. remember, we've been worried about higher yields creeping higher on the back of better data. two-year yield a little firmer at 3.9%. energy as well in

i'm carl quintanilla with sara eisen. today

i'm sara eisen. stocks start off the week in the red.e board the s&p 500 down about four tenths of one percent. got a big rally on friday after that better jobs report. giving a little back. the nasdaq down half a percent. the dow is down about a third of one percent. just looking at the sector performance. most sectors are red right now. you have two pockets of green. energy stocks as oil continues to rise and healthcare as well are higher. everybody else is lower. consumer discretionary is your worst performing group down 1.5%. a number of these consumer names. some home builders as well. treasury, this is a story. back above 4%. first time receive we've seen 4% since august. do want to point out oil. it's pushing higher yet again. 75.52 wti crude up 1.5%. it's been a big boost so far in september and going into october here. we're 30 minutes into the trading session here are some movers we are watching. big tech a big driver this week. nvidia kicking off a three day ai summit. watch tesla out of the company's widely anticipated robo t

i'm sara eisen with carl quintanilla live from the new york stock exchange.ow, kristalina georgieva. >>> got the latest on the port strike as east and gulf coast workers walk off the job. we'll break down the billions of dollars at stake. >>> bruce richards on the show to talk equity, opportunities in the market, real estate, the fed and now geopolitics. >>> we will start, though, in the middle east as the white house reports it has indications of iran preparing a ballistic missile attack against israel, that has sent stocks into a bit of a frenzy. energy sectors, while the nasdaq is down 2%. clawing back some of those losses

i'm sara eisen with carl quintanilla and david faber. end on a high note, up three-quarters of a percent in the s&p 500 if you look beneath the surface at what's working today, technology is right up there, so that's helping communication services, consumer discretionary. we've got a broad-based rally. only materials and consumer staples are nagging. nasdaq is the only one of the big three that's positive for the week, but the s&p is trimming its losses for the week, only down right now 0.2 of a percent as this rally gets going. and, again, fueled by tech, but broad-based cyclicles are playing as well. take a look at treasuries, they've been a story this week got some yield stabilization just in the last two days or so. the ten-year yield sits around 4.2%, so elevated on the week. looks like it's not climbing further this morning we're 30 minutes here into the trading session. here are our three big movers. shares of capri and tapestry moving in opposite directions after a judge blocked their merger shares are nearly cut in half right no

i'm carl quintanilla with sara eisen live at the new york stock exchange. exclusive with the ceo of mgm live from las vegas as casinos post record revenues in this half of the year. >>> the cteo on palantir with surging a.i. demand for defense. >>> a pretty rare downgrade of microsoft today. why oppenheimer says the street has it wrong on earnings estimates. >>> stocks right n a

i'm sara eisen with carl quintanilla live from the new york stock exchange.does that change the

i'm sara eisen with david faber, live as always stocks are coming back a little after the tech led sellrday. s&p is up .25% consumer discretionary is in the lead thank you tesla. but tech is rebounding a little bit. that's why the nasdaq comp is up a little more than half a percent. besides tesla, it's nvidia, t-mobile, meta, and amazon treasury yields are stabilizing a little bit as well 10-year yield 4.22%. we are seeing buying today with yields hanging around these 4.2 levels on the 10-year, carl. >> got new home sells. let's get to rick. >> yes, like all the other data points this morning, a little bit better we've seen yields moving up, testing yesterday's highs. new home sales for september better than expected at 738,000, seasonally adjusted, analyzed units. that well puts it very close to the highest levels just since july when we were slightly over 750,000. what is interesting here is last month was downgraded from 716 to 709,000, which makes it, of course, the weakest level going back to june now, what's important here is remember, this is september data mid-september, we saw

i'm carl quintanilla with sara eisen at the new york stock exchange the ceo of redfin going to join usr was a turning point for the sector >>> plus, mark fields is here with the latest on the port strike. >>> pullback from major players into the ev space. >>> apple users upgrading their phones not because of a.i. we'll get some details from jpmorgan on what is driving iphone demand. >>> taking a look at stocks, major averages are lower after attempting a

. >>> good wednesday morning welcome to another hour of "squawk on the street" i'm sara eisen with carlavid faber, jim cramer also sticking around for the top of the show. he has an exclusive interview with the ceo of honeywell in a few moments. first up, stocks started the week, coming back. s&p 500 is up just a tad. if you look at the sector breakdown right now it's financials having a strong day up .5%. along with industrials, staples, materials. but with tech lagging you're seeing the overall index unchanged and the nasdaq is down .2%. after a strong day yesterday. you have some strength in the tech land like palo alto. take a look at treasuries as well. the trend is firmer yield post good jobs report and we are back above 4% on the ten year yield. just below 4% on the two-year yield, holding below that level. here are three movers we're watching. shares of norwegian cruise line rallying on pace for the best day since late february. that stock upgraded to bye at citi and price target raised to $30 a share from $20. boeing said it has withdrawn its contracts offer after talks with th

i'm carl quintanilla with sara eisen live at post nine of the new york stock exchange.on the conflict in the middle east and the geopolitical impact for the markets. >> plus, what we learned from a crucial quarter for nike. earnings reaction and what the company plans to do for a turnaround. >>> later on, one this year's most highly anticipated and oversubscribes market debuts. the ceo of standard arrow is here on that ipo. >>> as for stocks, we're flirting with unchanged on the s&p 500. energy is powering the market higher, because oil prices are rising again

i'm sara eisen. live from the new york stock exchange. look at stocks.ack today after record close the s&p off about a third of one person. what is working today? some sectors of grain like energy, utilities and materials . everyone else is weaker. industrials and information technologies at the bottom of the pack but only don modestly pick the nasdaq down 0.3% after charging higher yesterday. look at treasuries. we got the cpi data and jobless claims mixed picture. 10 year yield is still above 4%. the two-year yelled just below 4% and that's where we've been 30 minutes into the trading session and here are three big movers delta on the move down after earnings missed estimates. guidance disappointing investors and the ceo expecting consumers to hold off on travel plans around the presidential election. tesla is down ahead of its big event. elon musk will reveal the robotaxi prototype tonight at a widely anticipated event in california. more on what to expect later in the show. stocks down a ittle more than 2% and nvidia named a topic in earnings by gold

sara eisen is live from 30 rock this hour. markets appreciating some of the earnings we're getting.and united airlines among the highlights today, although the s&p's down a touch once again approaching 5,800. treasurys, a little bit of relief as the ten-year works its way back to 4%. not much data or fed speak today, although we did get export and import prices, sara. >> 30 minutes here into the trading session. here are some movers we're watching. more results out of the financials, regionals like citizens financial, u.s. bank corp., first horizon, all on the move. plus check out shares of morgan stanley, the last of the big banks to report. it's having a good day, especially good day, up 7.5%. we're going to break down the numbers with ceo ted pick in just a moment. transportation stocks also on the move. united articles and jb hunt both calling out strengthening demand in their markets with united raising forecasts and the airlines are having a good day today as well. look at united, up more than 9%. retail, also in focus. luxury name lvmh missing estimates, calling the outlook u

sara eisen has the morning off. starting a week off a little soft. dow is down 100.f big industrial earnings headed our way in the next few sessions. yields creep up back to 414 on the 10-year and energy as well reclaiming 70 after a 6% decline last week. one of the worst weeks of the year. >> good morning. we are 30 minutes into the trading session. here are movers we're watching. striking boeing workers voting on a new labor deal that could end the strike this week. the latest this hour, but shares are up 3.8% right now cigna resuming talks with humana, those stocks headed in opposite directions right now with cigna down nearly 4.5% or more. some moves in the activist space as well. kenvue a top gainer on news starboard has taken a position in the consumer products maker. we will break it down in just a moment. shares up more than 6%. take a look at shares of disney, announcing james gorman will become board chair next year and it will name ceo bob iger's replacement in 2026. more on disney's succession plan ahead on the show. >> a new note out by david kostin of g

carl quintanilla with leslie picker, david faber here at post nine of the new york stock exchange sara eisen the morning off markets trying to hold some gains here after coming in awfully close to all-time highs on the back of a strong jobs number 254k above the 150 we will go into details about wages and participation as well. >> lots to get into. 30 minutes into the trading session here are movers we are watching this morning. shares of rivian dropping. the ev make cutting its production guidance due to a parts shortage expecting to produce between 47,000 and 49,000, down from frprior guidae of 57,000. rivian did reaffirm its target for the year, the shares down nearly 7%. most of the china stocks bouncing back from yesterday's losses up from 30 to 60% in the past one month alone >>> oil continuing to move higher after president biden said he's discussing israeli strikes on iran's oil refineries oil up 10% in the past week. >>> let's get to the latest jobs numbers. job growth coming in stronger than expected beating every estimate on the street by a wide margin our senior economics reporte