. >>> time to get a check on the morning's top corporate stories with silvana henao. silvana, happy monday. >> happy monday, frank. let's start with the headlines. frank, talks with the united auto workers and automakers continued over the weekend. shawn fain telling members not to let messaging from ford, gm and stellantis get them to give up the fight for justice. fain made the comments while working outside the stellantis plant in ohio. adding the automakers are trying to cause doubt with the membership and the leadership. the comments coming after critical remarks by ford and g ceos over talks with the union. >>> the chairman of china evergrande is investigated on suspicion of transferring assets offshore while the developer struggles to complete projects. this is according to "the wall street journal." had this comes after the developer revealed he was under police watch and suspected of committing unspecified crimes. >>> tesla rolling out the updated version of the model y in china. the car features minor changes to the exterior and interior. the price for the up

gains on the week for the gold minors. >>> let's now get a check of the top corporate stories with silvana henaoa. >> frank, i'm back. caroline ellison is due back on the stand after offering up more testimony on the collapse of ftx. ellison blaming sam bankman-fried for corrupting her values and creating justifications so she could do things she now says were wrong and illegal. ellison became emotional at times during the testimony said the collapse of ftx resulted in a relief i didn't have to lie any more. >>> microsoft revealing it received a notice from the irs that it owes nearly $29 billion in back taxes. in a regulatory filing, the tech giant says the issue stems from profits between countries and jurisdictions between 2004 and 2013. $10 billion in taxes it already paid and not reflected in the irs figure and it plans to fight the notice. >>> disney open efffficially ra prices on the disney plus plan today. the cost jumping from $10.99 to $13.99 a month. disney raising the cost of hulu ad free plan by $3 to $17.99. frank, it is getting expensive to watch tv. >> it is. now streaming channe

hawkish pause tomorrow steven, great to see you >>> let's check on the top corporate stories with silvana henao back the testimony of sam bankman-fried now in the fourth day on the stand the disgraced ceo admitted total imme alameda research role he knew alameda was not hedged when he approved billions of investments for the firm >>> shares of chegg falling head of the open. the company reporting a decrease in revenue and subscription services revenue remaining optimism for the future >>> alphabet's ceo sundar pichai defending the agreement to make the default web browser on the phone. in his testimony during the historic anti-trust trial yesterday, pichai says the company pays tens of billions to ensure exclusivity calling it clear to fee >> silvana, thank you. >>> coming up on "worldwide exchange," stellantis putting a lid on the uaw strike. >>> as we head to break, we have the top trending stories taylor swift making her wildest dreams reality the singer breaking her record for the most streamed artist in a single day in spotify history following the release of 1989 album on friday. >>> bill

silvana henao. >>> trouble in the friendly skies. two major firms slashing their targets on a number of airline stocks. we'll talk about that and have some moves to get to as well. jim has ded adto two stocks he's already owned. i'll tell you which ones next. react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity. e*trade from morgan stanley. meet gold bond daily healing. a powerhouse lotion that moisturizes, heals, and smooths dry skin. with 7 moisturizers & 3 vitamins. and... new gold bond healing sensitive. clinically shown to heal & moisturize dry, sensitive skin. gold bond. >>> we're back. the dow still down 100 points. jim, you bought more oracle and deere. why? >> first off, the bigger comment is getting invested. scott, i think you were on vacation when i did lighten up, late august or early september. i forget when but i did -- why is that funny? >> i'll send my schedule over. >> i'm having a rapport with my man, having a good t

silvana henao, de nuestra cadena hermana en bici, tiene esto y más en su informe. >> hola que tal amigoseo subieron más de un 4% después de que estados unidos endureció las sanciones contra las exportación de crudo ruso. el retroceso hacia los 90■!a$ por barril se produjo después de que estados unidos impuso sanciones a dos compañías navieras que transportó ban petróleo ruso y que violaron el tope de precios del g7 de 60■!a$ por barril. la moción para hacer cumplir las sanciones a las empresas de turquía y emiratos Árabes unidos es fundamental para el esfuerzo por limitar los recursos de rusia para su guerra contra ucrania y por un tiempo limitado. sam's club está ofreciendo la oportunidad de solicitar una membresía a un precio con descuento de hasta 70% hasta el 15 de octubre. compradores pueden ir en línea o en la tienda para elegir entre la membresía estándar del club por 15■!a$ para el primer año oa membresía plus a una tasa reducida de 55■!a. es. soy silva henao y esta es tu informe silla en bici para telemundo. también le contamos que la cantante taylor swift sigue atrayendo fanáti

yo soy silvana henao y ese es tu informe sea en bici para telemundo o ya no falta mucho para que lleguende diciembre. puede enviar por medio del correo prioritario. ellos también dijeron que el periodo de máxima actividad comienza dos semanas antes de navidad y este año no habrá recargos por las festividades. vamos a aprovechar este palco deportivo para hablar de los san francisco 49ers, pero vamos ya a dejar tranquilos a los aficionados de los dallas cowboys tras la paliza del domingo. >> así que les tengo una historia diferente. qué mayor motivación para dejarlo todo en la cancha que disfrutar de este invaluable momento con tu hijo antes del partido? samuel vivió la magia del ambiente de living mysterium con su pequeño, para así comenzar a transmitir esa pasión por el fútbol americano. y claro que debo. luego, como de costumbre. fue una de las grandes figuras de los 49ers en el sunday night football. la salud mental es un tema que gana cada vez más importancia en el deporte y el club inglés norwich city marcó un golazo con la campaña chequea a los que están a tu alrededor recordando qu

. >>> time to get a check on the top corporate stories with silvana henao. good morning. >> frank, good morning. meta platforms is exploring a new business model for inn sta grat -- instagram in the eu. they are weighing to charge users $14 a month for ad-free versions. logging into facebook is not consent for the platform top send users ads. >>> ford and gm announcing a new round of layoffs as the strikes enter the third week. ford said it idled two factories that supply parts to the plant in chicago who worker are on strike and let go 330 employees. gm says it was forced to layoff 130 workers at a plant just outside cleveland and sent home another 34 at a factory in indiana all tied to the strikes. now 25,000 uaw strong. >>> and the high profile investors including bill ackman is sweetening the deal for the offer for sculptor. they offered $13 a share which is up from the previous $12.76 offer. sculptor agreed to sell to rhythm capital to $639 million. frank. >> i see it is up 6%. silvana, thank you. >>> turning attention to big tech. microsoft a.i. assist

. >>> time for the check of the top corporate stories with silvana henao. py friday to you. general motors announcing it will suspend operations across the u.s. the driverless car division making the move after california regulators earlier this week ordered it to remove vehicles from state roads over risks to the public crews with other driverless operations in phoenix, houston, austin, dallas and miami is taking steps to rebuild trust. >>> apple facing potential import ban on the smart watch following a ruling by the u.s. international trade commission the commission revealing yesterday it is upholding the january ruling that an apple h violate d wearable devices apple says it will appeal the agency's decision. >>> elon musk reportedly telling workers of x who the social media platform key rivals are moving forward musk and linda yaccarino specifically calling out youtube and linkedin during the company meeting to mark one year since musk's takeover of the company the report adding that the pair revealed goals to create a news wire service to rival pr news

i'm silvana henao with your cnbc news update.spended service into israel as violence escalate with hamas, the country's national airline is launching flights. a spokesperson said today's flights to israel are full with many reserve vists traveling back to the country to help the troops. u.s. air carriers, united, delta and american are among those who have suspended direct flights into israel. >>> robert f. kennedy jr. expected to ditch his democratic bid for president and run as an independent or third-party candidate. the anti-vaccine activist is speaking in philadelphia where he's widely expected to make the adjustment. >>> union workers at volvo owned mack trucks went on strike after rejecting a five-year contract with the company. the proposed contract for the 4,000 workers in pennsylvania, florida and maryland, included a 19% pay raise and increases in health and retirement benefits. the uaw says nearly 75% of the workers voted to turn the deal down. carl? >> thanks very much. watching markets today. stocks with relatively

. >>> time for a check on the other corporate stories with silvana henao. >> good morning, frank morgan stanley says chief executive over will be replaced next year. ted pick will be succeeded by gorman pick and gorman will join leslie picker for a first on cnbc interview at 10:00 a.m. eastern time today be sure to tune in. >>> shares of endeavor are suffering in the pre-market up 21.5%. this is after private equity group silverlake management is looking to take the company private. silverlake holds a 71% stake in endeavor this move follows the announcement of weighing options for the businesses which includes the wwe and ufc and the parent company tko group which is controlled by endeavor. >>> and berkshire agis increasi the occidental stake with 3.9 million more shares. >> it is up in the pre-market. silvana, thank you >>> a lot more to come on "worldwide exchange," including the one word investors have to know today and more on the tech wreck and why it is not all bad for meta >>> and no one is smiling in the c-suite in align >>> and house republicans have a new speaker, but will his

time for a check of the top corporate stories with silvana henao. happy monday, ilvana >> good morning, frank the united auto workers widening the strike against general motors over the weekend targeting the spring hill, tennessee plant. the largest in north america gm is the last holdout among the big three after the union secured a tentative deal with stellantis on saturday that deal mirrors the one with ford last week which includes $8.1 billion of plant investments and $5,000 in bonuses and 25% wage increases >>> it turns out nelson peltz has more power in his corner with the proxy battle with disney former marvel executive is offering logistical and financial support for peltz as he pushes for changes at disney including board seats. according to the report, perlmutter has given voting control of the company which boost peltz's stake. now peltz has four times voting shares over the first campaign. >>> ozempic may have competition. eli lilly's drug helps people lose weight for almost a year during a stud any y in china wi 16% weight loss in week

i'm silvana henao and here are your headlines.ht months after nelson peltz declared the approproxy war oveh disney, the might may be back on. he is one of the largest shareholders with the stake worth $2.5 billion and set to look for a board seat for peltz. if rejected, it could nominate the slate of directors which could be voted on during the annual meeting this spring. >>> it is not the big three, but volvo rejected a proposed five-year contract and plan to go on strike today. the strike covers 4,000 workers across pennsylvania, florida and maryland. the rejected deal included a 19% pay hike and $3,500 ratification bonus and improved retirement benefits and additional vacation for some employees. >>> a merger monday. bristol-myers squibb set to acquire mirati. shares closed friday at $60.20 with the company's market cap at $4.21 billion. frank. >>> silvana, thank you very much. we turn attention back to the markets now as the military conflict is lifting oil and safe haven assets like treasuries and gold and yen. let's get more

let's get to the headlines with silvana henao. >>> hey, scott. state department reported -- sorry about that, we are just getting an updated death toll from the state department of american citizens lost in the israel/hamas war. at least 22 americans have been confirmed dead so far. yesterday president biden said that 14 americans had been killed. >>> a bipartisan group of senators asked the defense secretary to send israel batteries for its iron dome. the letter says that the u.s. army is in possession of two iron dome batteries that cannot be used inside the united states. the iron dome launches interceptors to block incoming rockets. the senators wrote that these batteries could provide lifesaving and sustained support. >>> as house republicans meet behind closed doors to discuss who should become the next house speaker, a group of new york lawmakers introduced a resolution to expel their colleague, george santos. a new indictment tuesday says the long island representative was accused of stealing the identities of donors and using their credi

our silvana henao is here with those. >> good morning.egin trading on the new york stock exchange today pricing its stock at $46 a share with an $8.6 billion value. a third of that cash is going to repay debt, with the rest going to private equity owner. >>> europe's internal market commissioner is giving elon musk 24 hours to respond about to concerns over misinformation being spread on his x platform regarding the war in israel. the letter comes after dozens of researchers, news organizations, and other groups have documented a rise of misleading, false, and questionable content on x, creating confusion about the current conflict. failure to comply with the commissioner could lead to fines worth about 6% of x's annual revenue. >>> and in the second week of the trial, damning testimony from sam bank man freed's ex-girlfriend and former ceo of the sister company alameda research. caroline ellison who has already pleaded glet to a number of charges and is cooperating with prosecutors says bankman-fried directed her to commit her crimes and

. >>> let's get a new update with silvana henao. >> good morning. denied an appeal brought by former donald trump legal adviser john eastman. the rejection featured a rare accusal from conservative justice clarence thomas. eastman served as a law clerk to the justice, but thomas did not explain the decision to recuse himself. eastman was trying to appeal a ruling that allowed the january 6th committee access to his emails. >>> construction began today to convert adolf hitler's austrian birth place into a police station with a human rights training center. the project is meant to make it an unattractive place to visit for people who glorify the nazi dictator. police are expected to move into the converted home in early 2026. >>> and simone biles is back and she's already breaking gymnastics record. she became the first woman to land a highly complicated vault in international competition sunday at the world artist gymnastics championship. this marked biles' first international competition since she pulled out of multiple events in the tokyo olympics

. >> the headlines with silvana henao. >> hey, scott. your cnbc news update at this hour.has ordered a, quote, complete siege of the gaza strip and called up to 300,000 reservists to counter the hamas led invasion and attacks that began saturday. it's the largest ever call up of reserves in israel. israel's defense forces said that between saturday morning and -- between saturday and monday morning over 1200 targets were hit by israeli aircraft and today that number dubltsds. >>> the palestinian ministry of health says the only hospital in the northeastern part of the gaza strip is out of service after the israeli counter attacks in the area. the ministry says emergency crews can no longer get in and out of the area because of extensive damage. >>> and israelis lined up across the country today at supermarkets concerned about supply shortages in the midsted of the fighting. the u.n. world food program is calling for the creation of humanitarian corridors to bring food to civilians in gaza. "halftime report" returns after this. n. it's not just a comfortable interior... it'

silvana henao is here with us now. >> california is kicking cruise units of gm off the roads saying the vehicles are not safe for public operation. officials allege cruise misrepresented the safety of the technology it used in their vehicles after national highway traffic safety administration opened up an investigation last week. >>> visa shares moving lower despite an earnings beat and strong guidance boosted by an ongoing rebound in international travel. for the quarter, free cash flow came in at over $6.5 billion compared to the $7.4 billion exp expected. the company also announcing it's buying back more stock. >>> shares of sunpower also sliding down 9.5% in premarket. it's calling the financial statements unreliable reflection of a cost of revenue. a review into the financial impact of the errors is ongoing and is subject to change and comes amid a massive downtrend for stock, with shares nearly down 75%, frank. >> shares down almost 9.5%, silvana. we'll see you later on in the show. >> thank you. >>> turning our attention back to washington, d.c., all the drama down there continu

i'm silvana henao with your cnbc news update. of senators led by senate majority leader chuck schumer met with china's president in beijing. senator schumer expressed disappointment by what he described as a lack of sympathy for israel after the surprise attack launched by hamas. earlier this morning, the military wing of hamas said it launched 90 missiles in israel near the gaza strip. meanwhile, israel defense force officials said it carried out air strikes against 130 hamas targets over the last three hours, while israel's prime minister told local officials the counteroffensive is, quote, just getting started. >>> european commission is halting all aid to palestinians in the wake of the conflict. leaders said all payments will be immediately suspended and its full development portfolio of $729 million is under review. the commission, which is the eu's executive arm, is the biggest donor to palestinians. carl? >> thank you. >>> we continue our coverage of the conflict in israel this morning. let's bring in eurasia group's pres

now a news update with silvana henao. >> the biden administration is looking for a way to get americansa. and to set up for safe zones for palestinians. the "new york times" reports the u.s. is talking with israel and egypt to arrange safe passage for foreigners through an egyptian border crossing and that the u.s. is working with the red cross and u.n. to set up the safe zones within the palestinian territory. >>> secretary of defense lloyd austin on the ground in israel today assuring israel that the pentagon is ready to deploy more aid to israeli forces as they prep for what any international observers believe is a likely ground invasion of the gaza strip. >>> and house republicans are again meeting mind closed doors this morning after steve scalise dropped out of the race for speaker. jim jordan said today that he is getting back in the race but it is far from certain that his chances are any better than scalise. just five members can block his path to the speaker's gavel and several moderate republicans have said that they will not vote for him. >>> meantime an upgrade in return of

silvana henao has that for us. >> ukrainian officials say nearly 50 people were killed on a russian strikey store and hotel. it would be among the worst attacks on civilians since the start of the kremlin's invasion last year. >>> donald trump's lawyers asked a judge to postpone his federal documents trial until after next year's election. it's currently scheduled to take place next may in florida. the defense argues a postponement is necessary because of scheduling conflicts with trump's other cases, including his ongoing civil fraud trial in new york and the accused prosecutors of not providing basic evidence in the case. the special counsel last week said trump's team was seeking unreasonable delays. >>> and the new high-tech virtual golf league led by tiger woods and rory mcilroy has a broadcast home. espn announced it inked a multiyear deal to air the matches. it debuts on january 9th with preview on december 30th. >>> dan niles is next on the three tech stocks he's picking up in this down market. his fund in the black over the last two months against an obviously tough macro. "squawk

. >>> let's get a news update with our silvana henao. >> israel formed an emergency unity government.ng to a joint statement, the deal brings prime minister benjamin netanyahu into a wartime with benny gantz. the cabinet will focus entirely on the conflict. >>> a main hospital in te telev is moving underground. it came after a hospital about an hour south suffered a direct hit by a rocket. they say it was previously hit by a missile a few days ago. >>> and four months after the submersible titan imploded during a deep sea mission to the wreck of the "titanic," the coast guard says it has recovered the remaining debris. the finding included presumed human remains which will be analyzed by u.s. medical professionals. the submersible disappeared on july 18th, launching an international race to find the vessel and five people onboard, carl. >> silvana, thanks. >>> it's been a tough year for the ipo market, despite the window opening up a little bit. arm, instacart, kenvue all way off their high. >> and now birkenstock hoping it can buck that trend. the banker leading the deal for the priv

silvana henao has those. >> good wednesday morning to you.d strongest offer to striking uaw workers is on the bargaining table, one that promises no job losses related to ev battery production. the company says it made this latest offer monday night. but did not put a number on the wage increase. only to say it would put uaw represented jobs among the top 25% of all u.s. jobs, hourly and salary, no comment from the uaw yet. shares of intel moving higher in the premarket. the company says it plans to spin off its programmable chip unit through an ipo in the next two to three years. ahead of the move, the unit will be treated as a stand alone business with its own balance sheet. intel plans to retain a majority stake in the new company. and meta is reportedly planning to lay off employees in its metaverse focused reality today. according to reuters, affected workers were informed of the potential layoffs yesterday with official decisions today. meta's reality lab is developing custom silicone chips for the company's continued push into the meta

i'm silvana henao with your cnbc news update.ew york court this morning as a $250 million fraud trial against the former president began. prosecutors accused trump, his company, and two of his adult sons of over valuing and under valuing his assets to benefit his business empire. trump once again denied wrongdoing on his way into court and called the trial a witch hunt. >>> meanwhile, a massive search effort is under way for the 9-year-old girl believed to be in imminent danger after she vanished from an upstate new york camp ground. authorities fear charlotte sena was abducted while on a bike ride saturday evening. they have deployed dogs, drones, boats and dozens of law enforcement personnel to look for charlotte. >>> and two scientists whose crucial work paved the way for covid-19 mrna vaccines won the nobel prize in medicine. the panel says the previous work on the messenger rna set the stage for the unprecedented quick development of covid-19 vaccines which the package said saved lives and paved a path out of the pandemic. g

i'm silvana henao and here's your cnbc news update at this hour.d more walls along the southern border with mexico. the white house announced today it waived 26 federals through permit the construction in a reversal from the president's promise not to build another foot of wall under his administration. >>> japan's fukushima nuclear power plant began releasing a second batch of treated radioactive water in the sea. the releases are expected to continue for decades have raged strong opposition especially from china which banned all japanese seafood imports. the nearly 1.4 million tons of radioactive waste water has been aclatsing since the plant suffered meltdown after the 2011 earthquake and tsunami. >>> the covid vaccine cards once a ticket to concerts or restaurants are a thing of the past. the cdc announced it had stopped printing the cards now that vaccines are not being distributed by the federal government. back to you. >> thank you. i'll frame mine then. we're over an hour into the trading day. the s&p down again. bob pisani what's going on?

. >>> i'm silvana henao and here's your cnbc news update.the evacuation of northern gaza must be carried out as soon as possible after dropping leaflets hinting at an upcoming ground invasion and telling residents to evacuate your homes an move south. the u.n. saying it's impossible to evacuate more than a mill been civilians without, quote, devastating humanitarian consequences. >>> tens of thousands of muslims across the middle east took to the streets after morning prayers in support of palestinians after the call from a former hamas leader for today to be a global day of anger. law enforcement agencies aloss the u.s. are stepping up their patrols in jewish communities, but multiple officials tell nbc news while they are monitoring chatter on social media, so far none of the threats are specific and credible. and president biden expected to speak today with the families of some of the americans believed to be held hostage in gaza. the president told "60 minutes" he wants them to know he cares about them and doing everything he can to get