dom. >> silvana henao, we are showing the chart under chapek's time. disney lost a quarter of the value. we are down 41% for the last year the shares are up 8% to 9% in pre-market trade we'll keep an eye on it. silvana henao, thank you. >>> stocks looking to start the week lower ahead of the retail earnings and shortened trading week due to the thanksgiving holiday. best buy and dick's and nordstrom set to report before thanksgiving investors look for signs of a peak in inflation or consumer slowdown into that all-important holiday shopping season. joining me now is benjamin lau a member of the cnbc financial adviser 100 list we have featured, ben, a lot of you on the financial advisory side we want to know what clients are thinking about the current market and the outlook is. maybe the big first question is is this a market that makes you fearful or optimistic? >> right now, it is short-term we are cautious right now. you think the market is pricing too optimistic of the powell pivot. now is the time to shore up cash balances >> you mean solidify or b

trump's new media empire that could also include one america news and news mask and discord, dom >>> silvana henao, thank you very much. back to the top stories. investors reviewing the fed's fourth straight rate hike and jay powell's promise to keep his foot on the accelerator. >> it is very premature to think about pausing. people hear about lag and think about pausing. that is premature in my view to talk or think about pausing our rate hike. >> joining me now is vice president linda bakhshian. linda, we saw the knee-jerk reaction in the markets. that is not uncommon for the catalyst of this nature. why the disconnect what was so confusing about the statement and then the clarification need from jay powell from the press conference to say don't tilt as dovish. we're hawkish about this >> well, i think essentially powell really needed to thread the needle here. if he even gave the notion he was easing up on rate increases, then the markets would have had, you know, a crazy amazing day moving higher and creating move of an issue. he opened the door of a possibility of a lower rate increase

we'll all be watching. >> silvana henao, thanks. >>> ahead of opening bell. perspective on the trading week confidence of the team at bespoke investment group in years like 2022 where the s&p is down 10% and then monday's session tends to be lower and tuesday mixed and performance on wednesday and friday, black friday, tend to see the stronger returns as you see there wednesday's session gaining more than 1% with gains of .50% for the friday session for more, let's bring in malcolm ethridge and mark avallone gentlemen, thank you both for being here mark, maybe we'll start with you. you heard the mester comments on "closing bell" yesterday we're nowhere near done with the rate hike campaign you are hearing a lot more these days about journey versus destination. in other words, the number or types of rate hikes we have versus the ending rate for fed funds rate will be which are you paying attention to more? >> good morning. i watched that interview she was clear to say the fed has entered into a restrictive zone. i was reassured to hear that because at least it

. >> ar belay gumede out there we appreciate it let's turn to silvana henao for the top stories. good morning, silvana. >> good morning to you according to the "financial times," the plan is for the group to invest in a share sale alongside the saudi national bank it's confirmed the deal would result in up to 25% of credit suisse stock being owned by middle eastern investors, the saudi national banking, whose largest shareholder agreed to invest some $1 billion in the investment bank for a stake of nearly 10% >>> chemicals maker dupont is ending its $5.2 billion buyout of rogers corporation. this marks the first collapse of a major deal in four years over a failure to clear chinese regulatory hurdles the company had said back in september all agencies had rubber stamened the deal except for those in china and china closed its flag ship store in chai nachlt the beijing store which opened in 2013 and was tesla's first in china was shuttered last week. reuters previously reported tesla was considering closing some showrooms in malls in beijing after traffic plunged due to covid rest

silvana henao is here with those. good morning, silvana. >> seema, good morning president biden confirming the face-to-face meeting with president xi jinping the president said he plans to meet with the chinese counterpart on the sidelines of the g20 summit in indonesia. he plans to bring up how the u.s. and china can avoid conflict he added he won't make concessions on critical issues if it takes place, the meeting with biden and xi would be the first face-to-face between the two leaders since biden took office. >>> and hasbro cfo will retire once a successor has been found. deborah thomas has been at hasbro for 24 years. 13 of which in the cfo role. this comes after chris cox took over at ceo. >>> and twitter's pay for verification system facing a wave of fake accounts. elon musk's social platform rolling out $8 a month for blue service yesterday and so far spoof accounts of lebron james and aroldis chapman and connor davis have been ususpended. a spokesperson for twitter did not immediately respond for a request to

that is why the story speaks to a lot ofpeople >> exactly >> silvana, thank you. >>> when we come back, sam bankman-fried breaking his silence on the collapse of ftx and the cryptocurrency fallout getting set for a busy week for walmart and more looking to put the squeeze on price hiking suppliers. >>> more on the rebound of ghinese tech stocks climbing hier a very busy hour here on "worldwide exchange. this is financial security. and lincoln financial solutions will help you get there. as you plan, protect and retire. ♪ >>> there you go a live shot of chicago where it is snowing the first snowfall here in chicago. hopefully it doesn't come to new york now to the latest headlines and the collapse of ftx. the crypto exchange has been in contact with the s.e.c. and u.s. attorney's office and dozens of federal, state andtors in the ps the company appointed five new independent directors at each of the companies. including alameda research ftx filing for bankruptcy on friday after customers pulled $6 billion in two hours in the filing, ftx could have more than 1 million creditors. founder

let's get to the latest top stories with silvana henao >>> president biden is looking to avert a rail shutdown as early as december 9th. the tentative agreement which has yet to be ratified could be voted on by the house this week. the issue is paid time off and sick leave >>> bob iger hosting the first company wide meeting yesterday iger told employees instead of chasing subscriptions with marketing and spending on content, we have to chase profitability. iger said his team wit ll have o take a hard look at costs. >>> blockfi is suing sam bankman-fried over the robinhood shares he suffered severe liquidity crunch triggered by the failure of sam bankman-fried's ftx exchange. >>> thank you very much. when he come back on the show. fed officials doubling down on higher for longer speak as they try to reverse yesterday's losses. >>> elon musk taking on apple claiming it may kick twitter off the app store. >>> and more on the china unrest and if it is turning any heads in president xi's ner incircle we have a very busy hour still ahead when "worldwide exchange" returns after this commerci

silvana henao.>> hi, dom according to bloomberg apple will get the semis currently under a plan in arizona. that facility is expected to come online in 2024. the report adds that tim cook revealed the move during an internal meeting in germany, adding that apple would buy more european made chips as well. >>> elon musk offering a new date for the rollout of twitter's revamped subscription verification service, musk tweeting that twitter blue will roll out november 29th to make sure it is, quote, rock solid. the new date comes just a few days after twitter paused the rollout and halted new signups amid a wave of accounts impersonating brands, celebrities, and other high-employee file accounts. >>> and ticket master feeling the wrath of swifties everywhere the rush by fans to buy tickets for taylor swift's first tour in five years overwhelming ticketmaster's website, some users reporting apparent crashes or other issues with the site. the company owned by livenation will be modifying future rollouts i

that chapek would never escape from, dom >> high drama there still at disney thank you very much, silvana henao for that. >>> on wall street, on this holiday-shortened trading week, futures are slightly bid deere out later on this morning with its earnings. a fed releases minutes from the latest policy meeting at 2:00 eastern time later on this afternoon. so joining me now is annika treeon annika, this is a scenario now where the economy is a huge focus because we're wondering if the slowdown that we're seeing in europe, the slowdown that we are seeing somewhat less to a degree here in the u.s. will ultimately lead to a market downturn even greater than what we have already seen your thoughts right now on whether or not that soft landing can be achieved both here and in europe >> hi, dom, good morning thus far, markets have been having a pretty good time in the last few weeks and i think, you know, obviously helped by the fact there was very negative sentiment, very negative positioning, markets are always driven by what's happening at the increments. it has been a real glass half full pe

. >>> let's get to the top corporate stories with silvana henao. >> dom, good morning amazon is offering buyouts to some employees as it looks for new ways to trim its head count and cut costs. according to documents viewed by cnbc, the voluntary offers included a lump sum payment to equal to three months of pay plus one week of salary for every six months of time at the company. the notices were sent out over the past two days to divisions including human resources and employee services and follow the already massive 10,000 layoff plan. >>> and netease sinking in trading overnight after the deal with activision blizzard to deliver world of war craft the deal could not be reached and netease is the largest company in china behind tencent. >>> change could be happening at tesla and twitter. according to testimony from tesla board member, ceo musk in the last few months identified someone as a potential successor, but falling short of naming who this as musk said he will reduce time at twitter and find a new ceo to run the company, but not right now. >>> more fallout over taylor swift's ti

let's get to some of the morning's top corporate stories with silvana henao >>> seema, good morning. elon musk kicking twitter into second gear pulling more than 50 tesla employees from its auto pilot team to the twitter takeover according to records seen by cnbc, a number of employees from the musk ventures are authorized to work at twitter, including those from the boring company. this amid reports that musk is creating a circle of advisors and employees from the business empire to help reimagine twitter. >>> oil and gas giant bp with third quarter rosprofits up $8. billion. the company also announcing another $2.5 billion in share buybacks bp is committing to cash flow for shareholder returns. >>> and university endowments are falling back to earth. according to estimates, the median result in the fiscal year was a loss of 7.81%. the worst showing since 2009 among the worst performing universities stanford and brown and m.i.t >> concerning numbers there. thank you. >>> let's turn to a major story in the uk and bank of england restarting the delayed quantitative tightening today. a

. >>> let's get a check of the top stories with silvana henao >> comments out from the fed head suggestingbank is far from done to combat high inflation speaking yesterday, governor christopher waller says they may slow at the next meeting, but it is not seen as softening waller said the markets should pay attention to the end point of increases, not the pace of each move. the end point is likely still a way off. re >>> apple shet shedding light on the mixed reality head set the listings suggest the company is looking to build a service for 3d content played in virtual reality. apple is working on its own world similar to the metaverse >>> and spacex buying a advertising campaign on the newest member of the portfolio spacex ordering an ad package on twitter to promote the starlink service in australia and spain that type of package which puts a brand on the very top of the main twitter timeline runs upwards of $250,000. >> silvana henao, thank you. >>> let's get back to the breaking news. president biden and xi jinping holding the first face-to-face meeting since president biden took offic

silvana is here with that.ood morning. >> good morning to you elon musk is rolling back a policy aimed at tackling misinformation related to covid-19 they did not specify the mitigation measures they would no longer support, but the move comes amid concerns of twitter's ability to fight the information with half the staff gone including those responsible for content moderation apple ceo tim cook is getting ready for split congress to washington, dc, this week, to meet reportedly with several top lawmakers. according to bloomberg, cook has scheduled meetings with jim jor jordan and representative darrell issa, and representative cathy mcmorris rodgers. >>> jack ma has reportedly been living in tokyo for six months following the crackdown and derailment of his group. along with tokyo, ma has also been traveling to the japanese country-size, the u.s., and israel, dom. >> and now with the latest on those headlines, thank you very much for that. >>> when we come back to the show, unrest in china. this time in the fa

just lots to keep an eye on. >> silvana, thank you. >>> coming up on "worldwide exchange."acing to drum up critical funds to keep ftx from collapse. what some of the biggest players are saying about the latest black eye for the space. "worldwide exchange" is back in a moment ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. ♪ my finances were all over the place. and my banking relationship was getting... well, complicated. hahaha! so, i broke up with messy accounts and moved my money to sofi. now i earn higher interest on my checking and savings, and bank, borrow, and invest—all in one app. feels nice being in control. break up with bad banking. get up to 3.00% interest, and bank, borrow, and invest—all in one app. plus, download the sofi app and earn up to $250 when you set up direct deposit. >>> speaking for all the bitcoiners, we fee

and get some of today's top stories this morning including a huge sale with elon musk good morning, silvana>> what's a day without elon musk news. elon musk sold nearly $4 billion of tesla shares in the days following his $44 billion purchase of twitter. according to the disclose euro, he must unload money by tuesday. many oven wall street have been expect an additional share sale from nousk help finance his twitter deal. >>> tiktok is slashing its worldwide representative knew markets this year by at least $2 billion. according to the "financial times," the lowered outlook comes as the platform becomes the latest to be hit by a global online ad-spent slowdown it had cut targets by 20% back in september when sales were expected to fall between 12 and $14 billion. >>> and facebook meta's platform will be laying off employees this morning mark zuckerberg broke the news to hundreds of his top executives yesterday afternoon the numbers are expecting to fall in the thousands. those familiar with the meeting yesterday say zuckerberg is take full accountability for the company's missteps and his o

there is tied with artist silva silvana estrada. cuban singer, songwriter, writer angela alvarez.that ever nominated in the category 96 96 and she gets the best new. our best new that last year, her grandson convinced her record and release a collection of her songs accident. she did. that's amazing. and she's won. how about that? i was still marveling at. she's 96 96 mother of 4 grandmother of 9 and a great grandmother. oh, my god. that is a remarkable woman, ok? well, that's the way to go into our remarkable women. >> that we're looking for in the bay area. if somebody special like that is making a difference in their community. >> scan this qr code will take it to kron 4 dot com where you can nominate the woman you'd like us to meet. coming up in the next hour. twitter just lost hundreds more employees. >> because elon musk gave them an ultimatum that they did not the courthouse. plus, people living in a homeless encampment in san jose. they don't have to leave the site quite yet. we'll tell you what a judge told the city they can and can't do. my most important kitchen tool? m