united is strong. >> scott kirby, ceo of united airlines. n expected earnings but shy of expectations for q4. that's the guidance at this point. >> thanks, scott. >>> coming up, we'll talk about all things crypto. >>> to good morning. president biden landing in israel amid an active war with hamas, biden commenting on yesterday's deadly hospital strike in gaza, saying it appears militants are to blame. >>> another big morning for earnings. new results out from morgan stanley, procter & gamble, and insurance giant travelers. we'll bring you all of the highlights straight ahead. >>> and bitcoin's wild ride. it was up, it was down on an apparently false report of an approved etf. we'll talk about what's next for the cryptocurrency with investor mike novogratz. we'll talk macroeconomics and everything else. the final hour of "squawk box" begins right now. >>> good morning, and welcome back to "squawk box" on cnbc, live from the nasdaq. u.s. equity futures are in the red, a little bit of selling pressure this morning. you can see down about 80 on

don't miss an exclusive interview with scott kirby at 7:40 a.m.>>> there's a third quarter profit due to pricing and a demand. operating income in its container shipping, the shares down over 3.5%. interactive broker shares are lower despite an earnings, the company reporting more than 40% increase in earnings and 45% rise in sales compared to just a year ago. they're also posting a 21% increase in customer accounts and a nearly 30% rise in customer equity. shares of interactive down almost 3%. >>> we're turning to the energy space, flaacing a flurry of headwinds. there are ambitious goals. our pippa stevens is in virginia beach with a look at one project that's just getting off the ground. pippa, good morning. >> good morning, frank. we got a chance to take a boat 27 miles off the coast right behind me yesterday. it with us about a two-hour journey in order to see the offshore wind site up close. it's one of two places in the u.s. that actually has turbines in the water, and they are massive, over 600 feet tall. eventually they're going to be ove

don't forget, scott kirby, exclusive, tomorrow morning on "squawk box." courtney?thank you, phil. we'll be tuning in to hear that. what do you make of these results, bonawyn? seems like the guidance way far off. >> yeah, down from $11, that's going to take a lot of wind out of the sails. we saw price action out of delta, actually. and even though these guys are suffering, but still not going to cover up the ball on the top line what really concerns me are the domestic carriers. if you are seeing this pain in the international carriers, or those that have international capabilities, and we've seen it tick back up in demand for those, we see it in business international travel, transatlantic travel, i think the domestic carriers are in for a rough one. >> great point. tim? >> i think airlines look interesting here. i realize that there's a lot of reasons to be doubtful that airlines can be efficient players. i look at the capacity growth year over year and still higher than the street wants to see. the cost side of it is a big deal. i think the analyst community may

for the full year was $11 to $12 and, mike, tomorrow morning, "squawk box" exclusive scott kirby, we'llfor q4 not only for united but the airlines overall? that will be front and center in our conversation. >> no doubt. it's a more rational industry, the stock trades at four times earnings. the market says this can't last. >> i think the market is looking at the overcapacity there on the lower end of the market and wondering if that will creep into the higher end of the market, the premium players, the deltas, the uniteds, the americans. >> we'll talk to you once those numbers are out for sure. as we head into the close, you see the dow is almost flat. the s&p 500 was down as much as 0.75%. it is down to near even. it did make another run. got back up to about a four-week high. was not able to stay there. the russell 2000 for the second day in a row is the standout. more cyclical stocks and higher yields are performing. the russell is up almost 3% on a week-to-day basis. it is on the upside as the s&p tries to finish. just about flat. we'll send you to "overtime" with morgan and jon for

. >> that's united's scott kirby earlier on "squawk" today.s their guidance does ove overshadow this quarterly beat. people may be surprised in terms of reliance on their routes to israel. >> kirby characterizing it as temporary or transient. it's not going to be suspended forever. but there was the guidance given was sort of depending on how long the flights to tel aviv and the u.s. are suspended. and it is true that this year, the company's going to earn a lot more than folks thought at the beginning of last year. ten bucks a share is now where the full-year estimates are coming in but it's also down to ten bucks a share for next year and the stock trades at four times that. as much as he and others in the industry talk about how this is a different airline industry, there is more discipline, not going to be that much capacity growth, we do have clear winners in terms of united, delta, seemingly. market doesn't believe it or at least for now is saying this is the same old industry. we do think this is a cyclical peak in earnings and you can'

kirby said more flights are planned over the next few days. >>> republicans are meeting again today to nominate a new candidate for speaker after steve scalise withdrew his name. representative austin scott judiciary chairman jim jordan. it is unlikely a speaker vote will be called on the floor today, as the republicans are still divided. but democratic leaders have asked members to stay in washington in case a vote takes place this weekend. >>> the u.s. supreme court extended its temporary pause on the biden administration's ability to encourage social media companies to remove information from their platforms, including content about elections and covid-19. friday's decision maintained a ruling imposed by lower courts that justice alito issued the ruling, pending the administration's appeal to the supreme court. kelly, back to you. >> see you soon, tyler. >>> coming up, as rates rise and paper losses grow for the financials, one veteran banker says it's time to take a page out of the 2008 playbook. he joins me next to make his case. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sl