alongside kelly evans, i'm tyler mathisen.about the status of the disney bid and why he thinking traditional media outlets still have value. >>> what's the real state of the travel industry? how about the post-pandemic

tyler mathisen here, and here is your cnbc news update.y survivors of morocco's earthquake slept outside for a fourth night as search and recovery efforts continue there. the death toll now over 2900, and the number of people injured jumps to 2500. the 6.8 quake was the country's deadliest since 1960, and most powerful in over a century. >>> fda fpanel concluded a key ingredient in many medications doesn't get rid of nasal congestion. i could have told you that a long time. the oral ingredients are said to be taken are ineffective. and astronaut frank rubio holds the record for the longest u.s. space flight. he arrived tat international space station last september expecting to stay for six months. the astronaut beat the previous 355-day record held by astronaut mark mandehi. he's set ho return to earth at the bend of this month. >>> coming up, we'll get back out to cupertino for the latest from apple's big event. shares are still down, but a little off session lows, down 1%. will the latest iphone be dazzling enough to drive revenue growt

alongside kelly evans, i'm tyler mathisen. byron ellison, we will talk to about the status of the disney bid and why he thinking traditional media outlets still have value. >>> what's the real state of the travel industry? how about the post-pandemic boom, is it still holding over? international demand still strong? wee we'll check in with that. >> looking forward to both of those interviews. this morning as optimism has faded as bond yields have turned higher once against. the nasdaq, the s&p down about half a percent. we were up more than 31%. we're down nearly 6%, and the key number we're watching, call that, yes, correction territory. the question is, why? what's changed? for more we turn to michael santoli. mike, maybe i mention treasury refunding in early august as a possible catalyst. >> obviously it's part of the mix. if i boil it down among the asset markets that are testing the they areholds, it's not just a level, but a somewhat disorderly sell-off in treasuries that's also non-fundamental. yields going up for, quot

alongside kelly evans, i'm tyler mathisen and we've got a couple of big stories

over to tyler mathisen for the news update. tyler? >> thank you very much.ers are saying the federal government has poor oversight and it could have led to migrant kids working unsafe and illegal jobs. a watch dog group raised concerns that the health and human services department may have failed to have properly matched migrant children with vetted sponsors. the report said that hundreds of children sat in the facility for weeks without talking to a case manager, and that there were egregious errors in the discharge system. >>> hunter biden was ordered to appear in person at his arraignment over three felony gun charges in october. the delaware judge in the case said the president's son should not receive special treatment, and must be physically present for his initial appearance. lawyers for biden said he will plead not guilty. >>> and sophie turner sued joe jonas to return their two children to england. the petition said the kids were to stay with jonas in new york until turner quit filming. the celebrity couple filed for divorce earlier this month. a sp

alongside kelly evans i'm tyler mathisen.rike by the united autoworkers union if they don't get a deal by midnight there could be targeted strikes as soon as tomorrow. judge big the comments by both sides they don't seem close at all. >>> another las vegas casino company hit by a cyber attack.

alongside kelly evans, i'm tyler mathisen. coming up, the apple of my ire.ent reportedly banning agencies from using iphones. what would further bans in c

tyler mathisen >>> coming up, housing stocks are down since last wednesday.n the fed signals another hike before the end of the year, and inventories of new homes are creeping back up what's the real state of real estate in that's next with don peebles. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh the citi custom cash® card automatically adjusts to earn you more cash back in your top eligible spend category. hi. you don't have to keep tabs on rotating categories... this is the only rotating i care about. ...or activate anything to earn. your cash back automatically adjusts for you. can i get a cucumber water? earn 5% cash back that automatically adjusts to your top eligible spend category, up to $500 spent each billing cycle with the citi custom cash® card. i love it. nice footwork. with the citi custom cash® card. man, you're lucky, watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho! runnin

. >>> let's get to tyler mathisen for the cnbc news update. tyler? >> kelly, thank you very much.d three defendants in the final trial over the plot to kidnapmichigan democratic governor gretchen witmer. they were found not guilty on charges of providing support for a terrorist act and a weapons charge. 14 men stood trial for the kidnapping conspiracy. nine were convicted and five have been acquitted. >>> european legregulatored han down a $360 million fine to tiktok for failing to protect children's privacy. this is the first time they have been punished for breaking the ruhles. when teens signed up, their accounts were made public. the features and settings listed in the report stem from violations in 2020. >>> inflation is hitting october fest. analysts have estimates that revelers in germany will pay more than $14 to lift their steins. the annual festival in munich begins this week. the price of octoberfest beer has soared at an average annual rate of 3.9%. that's well above the annual rise of 2% in inflation, and 1.8% rise paid for beer at retailers in germany. more expensive

i'm tyler mathisen.ood evening, everybody, in for melissa lee, "options action" live from the nasdaq market site. and on the desk tonight is nobody, they're all remote. mike khouw is here, carter worth is here, brian stutland is here, and i am right here all by my little lonesome, missing you guys. the s&p and nasdaq posted their worst weeks since march after the fed decision earl year in week saying rates will stay higher, rate cuts out of the equation for next year. that marks the third week of losses. but there's even more telling signs deeper within the markets. so before we get to any trades, go around the horn for everyone's take on where the markets stand, and carter, let's begin with you, and the big picture to be seen in the russell 3000. >> sure, so, i mean, tyler in a way, right, it's the whole shooting match, the russell 3000 represents 98% of the u.s. investable equity market, and what's remarkable is that we all know that equities in the u.s. globally, everywhere bottomed on october 13th, a

i'm tyler mathisen, in for kelly evans today.s report initially sending stocks higher, but those gains have faded. the s&p and the nasdaq are flat-ish. so is the bad news good news narrative too good to be true? one guest says yes, there is a recession coming. investors had better get ready for it. home prices hitting an all-time high in july. but there are signs that this may fina

alongside kelly evans, i'm tyler mathisen. hollywood writers reaching a tentative deal with studios to end their strike after 150 days but nothing is finalized yet. the ink is not dry. >>> we're hitting the road kicking off our latest "power lunch" house road trip. five cities in five days. are home prices still through the roof? what does a million dollar budget get you in the markets we are looking at? we'll find out. >> that's always a fun question to answer. maybe now more than ever. >>> a mixed day to kick things off in the last trading week of september. the dow is trying and right now succeeding to avoid a fifth straight down day. we erased earlier declines. up 12 on the s&p 500. up 43 on the nasdaq. the s&p and nasdaq are coming off a three-week losing streak and pacing for the worst month since december. dozens of names are also hitting the new 52-week low list. we're talking target, dollar tree, dollar general. dg, dollar general, hitting the lowest level since january of 2019. alaska air and southwest have been part

i'm tyler mathisen. hawaii and maui are being sued by the family of a wildfire victim there.m is accusing the state and the county of maui of gross negligence that led to the fires. the suit names hawaiian electric and one of the island's major land owners. this is the first lawsuit stemming from the wildfires to be filed against the state. >>> spain's football federation fired its women's world cup winning coach. the move comes ten days after fifa suspended the federation's president for kissing a player without her consent. the coach was one of the president's original supporters but grew more critical of his actions. >>> two school districts near philadelphia closed campuses today as pennsylvania police continue to search for a prisoner who escaped into the woods nearby. authorities said killer danelo cavalcante slipped out of custody but has been spotted on surveillance cameras. he was sentenced to life for stabbing his ex-girlfriend to death in front of her children. police are offering $10,000 for information that could lead to his capture. kelly, back to you. >> thank

start for free at godaddy.com >>> welcome to "power lunch," alongside kelly evans i'm tyler mathisen. downtowns, office spaces, shopping centers at risk of becoming ground zero for a new economic hazard, the urban doom loop. that is the growing likelihood that a commercial real estate apocalypse could spiral out across the e

i'm tyler mathisen here is your cnbc news update.e killed across ukraine in a s russian attacks. a drone strike on a western city set industrial warehouses and humanitarian aid supplies ablaze, killing one. a regional governor said six more were killed by a bomb in northeast ukraine. local officials say the final two victims died from shelling in a southern city >>> india expelled a senior canadian diplomat and is accusing the country of interfering in internal affairs. the two countries have been at odds after canada accused the indian government of being involved in the killing of a sikh activist there. justin trudeau said that canada is investigating the incident. >>> ftx is suing sam bankman-freed's parents. it claims they misappropriated funds. the couple say the lawsuit was an attempt to undermine the jury process just days before the fraud trial begins kelly, back to you >> thank you very much >>> coming up, housing starts are at historic lows and mortgage rates are rising. what is the real story with real at'sexte th nt. some

i'm tyler mathisen, in for kelly evans today.ther goldilocks jobs report initially sending stocks higher, but those gains have faded. the s&p and the nasdaq are flat-ish. so is the bad news good news narrative too good to be true? one guest says yes, there is a recession coming. investors had better get ready for it. home prices hitting an all-time high in july. but there are signs that this may finally be the top. we've got the latest and what you need to know if you are looking to buy or sell a house any time soon. >>> a special three buys and a bail fed playbook edition, including one name gina sanchez says is a buy no matter what the fed does. but we begin with the markets. bob, the only index that i see higher right now is the russell 2,000, by 1 toyota 25%. -- 1.25%. >> that's had a great week with the nasdaq. we did have a great jobs report, unemployment ticking up a little bit, not too much. wage growth subdued. so it was a good report. but he's right, folks. the top trend, the high trend of the day is within a minute or

alongside kelly evans, i'm tyler mathisen and we've got a couple of big stories today. cpi and ai.st, inflation. the year-over-year rate up 3.7%. that was hotter than july's number. august was hotter than july but a lot of that can be blamed on gas prices. so are we really passed the inflation threat? that's the question we'll discuss. >>> plus, elon musk, mark zuckerberg, they're not fighting. they joined with bill gates and others to meet with senators in washington today discussing the future of ai regulation. we'll ask what they're saying and why it is occurring. this discussion behind closed doors. kelly? >> thanks. and let's get a check on the markets where the dow is up 26 points. the underperformer today. the s&p's hanging on to a third of a percent gain and nasdaq is up two-thirds of a percent. apple shares are lower again after the big launch event yesterday. down about two-thirds of a percent but almost 7% now this month and a chinese government spokesman says the country has not banned purchases of apple phones but also noted security incidents concerning the iphone. sp

alongside kelly evans i'm tyler mathisen. a lot of news to get to including a looming strike by the united autoworkers union if they don't get a deal by midnight there could be targeted strikes as soon as tomorrow. judge big the comments by both sides they don't seem close at all. >>> another las vegas casino company hit by a cyber attack. caesars says it paid the ransom to the hackers. mgm says it's still trying to get back up and running after hit earlier in the week. we'll get to all that plus dr. scott gottlieb joining us to talk covid and decongestents. >>> let's kick it off with a check on markets in a much firmer tone. not only 1% gains across the board today, but the s&p and nasdaq are trying to put together four gains out of five as the tone has improved of late. at&t shares are higher today. the cfo was speaking at a conference with some bullish commentary on free cash flow. investors may be taking that to mean the dividend is safe. the significance is that at&t is one of those stocks we talked about yet where the d

>>> good afternoon and welcome to "power lunch" alongside kelly evans, i'm tyler mathisen. coming up, apple's big event is still going on. unveiling the iphone 15. we'll bring you all the latest announcements as they happen. >>> plus, the government taking on big technology. the antitrust trial against google kicking off a senate hearing on regulating ai and senator elizabeth warren continuing her feud with elon musk. a lot to talk about. >> and we'll get to that, but first, a check on the markets. shares of up -- sorry, a check on the markets shows the dow is up 65 points today trying to cling on to these gains which are looking to evaporate. the s&p is now down a third of a percent. some declines in oracle, some declines in adobe as a result. all weighing on that average. i mentioned ups and those shares keep an eye on this one, are lower today and on track for their lowest close since february of 2021. the company saying its deal with the teamsters will raise costs by more than 3%. several analysts cutting their targets on the stock. shares are now down 1% over the past

idea is that your name though, tlyler mathisen does no get -- they are not saying who wants tyler mathisen'saying there somebody out there -- >> makes me feel better as a consumer. if i am going to sell my data, at least not only am i getting paid for it, but it is anonymous as well. how far are we from a world where this becomes the norm? >> i think we're pretty far. you have a number ofcompetitors and we're not yet at the point where it is approach whose method is the best. john roa has a track record of being an entrepreneur, he has good backer so is he could make a run at it. >> some prominent individuals and $15 million so far raised. >> did he say whether his experience with drugs and that episode ever came up in his negotiations for new funding? >> he has been very open about it. he wrote a book. and -- >> so everybody knows. >> everybody knows. >> he is an open book literally. >> laterally. and he went to a greek island, like opened up a restaurant, was like entrepreneurship is bad for me, i'm not doing it anymore. and had to convince himself that it could be done in a healthy way. w

alongside kelly evans, i'm tyler mathisen.ative deal with studios to end their strike after 150 days but nothing is finalized yet. the ink is not dry. >>> we're hitting the road ck

>>> welcome to "power lunch," alongside kelly evans i'm tyler mathisen. coming up, all across the country, downtowns, office spaces, shopping centers at risk of becoming ground zero for a new economic hazard, the urban doom loop. that is the growing likelihood that a commercial real estate apocalypse could spiral out across the entire country. >>> plus, it's not just commercial real estate that is in maybe a precarious position. higher rates are creating uncertainty around housing in general, and ron insana says the fed is to blame. he'll explain more in just a moment. >> first, here's a check on the markets which are green even though they're going to be red for the week most likely. all the major averages up about .25%. kroger climbing 4%, and seeing those gains despite sales slumping as disinflation hits faster than expected. and planet labs down 15%, the satellite imagery stock delivering weaker than expected results and worth mentioning, they aren't the only space firm in the headlines as the faa is grounding spacex's star ship rocket and requiring t

. >>> let's get to tyler mathisen now for a cnbc news update. >> thank you.dministration will announce today the cancellation of oil and gas drilling leases in alaska, according to reuters, which says the canceled leases come from an alaska state development authority, which has issued seven leases just before biden was inaugurated. the administration had suspended the leases in 2021, pending an environmental review. >>> anthony blinken met with ukrainian president volodymyr zelenskyy to discuss the country's three-month counteroffensive against russia. blinken called it encouraging and said important progress has been made. a state department official said blinken is expected to announce $1 billion in new u.s. aid to ukraine, including financial and humanitarian assistance. >>> moderna said the new covid booster shot is effective against the latest omicron variant. they are the first to release data on the effectiveness of this new vaccine. it's yet to be reviewed by outside scientists. the booster is expected to be approved by the fda as early as this week.

>>> alongside kelly evans, i'm tyler mathisen. coming up, two huge stories in media. the writers are close, inching close to a deal with the studios. and the actors may be close behind. so when will hollywood get rolling the other way? >>> plus rupert murdoch stepping down as chairman of fox and news corp. what it all means for his media empire. >>> plus how to get a 3% mortgage as rates are 7.5%. we'll talk to the head of a company with an interesting plan to let you buy the house and the mortgage interest rate. >> looking forward to that. markets are looking better than they did earlier this morning. still in the red with the dow down about half a%. s&p down 1% below $4400. and nasdaq under the most pressure down 1.1% call it. and i'll cite the higher interest rates obviously we'll have more on that in a little while with thenearing 4.5%. and you can see amazon, alphabet dragging down the market. a s adob eflt down a similar amount. so not a lot of relief. elsewhere fedex raising guidance. it is up more than 80% since the bottom last year. tyler, fedex now at 262. >

alongside kelly evans, i'm tyler mathisen. coming up, the summer of labor's discontent continuing. autoworkers on strike at some plants in the u.s. after failing to reach a deal with the big three companies. >> and fast food workers in california going the other way, about to get a big raise. we'll examine the potential fallout there. plus rumors swirling around disney and which if any tv networks it might sell to whom for how much, we'll try and make sense of all of it. kelly. >> first, let's get a check on the markets. we see the dow just off session lows, down 258 points. the s&p 1.1% to the downside. the ten-year treasury yield did start moving higher overnight. that could be playing into the higher yields here, and the reason why we're seeing some pressure there. let's also check out arm holdings in its second day of trading holding on to the first day pop, even building on it. at $61 a share. and lennar shares are lower after reporting results. lower home prices actually cut into profit margins, but the market remains, quote, constructive. shares are down about 3%, still up 2

i'm kelly evans with tyler mathisen.ing to you live from washington, d.c., as we enter the final 60-minute countdown to the central bank's decision on interest rates. a pause expected today, but where we go from here is less certain, and adding to that uncertainty are labor strikes, rising energy prices, and a looming government shutdown. >> we have team coverage from the stock market to the bond market, to the economy, and how rising rates affect the consumer. and how much a government shutdown could complicate things for the fed and the markets. that's ahead. we begin with steve liesman across town. steve, it is all about the forecast today. >> that's right, tyler. the focus is going to be on show jay powell thinks about recent economic challenges. you have the autoworker strike, higher oil prices, higher long-term yields and a potential government shutdown. beyond, that the focus is on what the fed signals for the rates and economy next year. no chance of a hike built in for today. but a 30% probability for november.

as we go to tyler mathisen for a cnbc news update. >> thank you very much, kelly.oke out against his indictment from this morning, claiming he's been falsely accused of accepting bribes. he was charged this morning for allegedly accepting thousands of dollars from bribes from wealthy businessmen. he's accusing prosecutors of misrepresenting the normal work of a congressional office and said these charges will not distract from his work this the senate. >>> the u.s. is committing $65 million in new aid to haiti to help local police battle the surge in gang violence there. secretary of state antony blinken urged the u.n. security council to support the de deployment international security mission to aid in haiti. the u.s. will not deploy troops but will support with financial assistance. >>> anthony nesty will be the first black coach at the u.s. olympics next year in paris. nesty is the university of florida's coach and works with top swimmers like bobby fink and katie la decki. he was also the first black male swimmer to win an olympic gold medal at the 1988 seoul

i'm kelly evans with tyler mathisen.er the final 60-minute countdown to the central bank's decision on interest rates. a pause expected today, but where we go from here is less certain, and adding to that uncertainty are labor strikes, rising energy prices, and a looming government shutdown. >> we have team coverage from the stock market to the bond market, to the

alongside kelly evans, i'm tyler mathisen. coming up, the apple of my ire. china's government reportedly banning agencies from using iphones. what would further bans in china mean for the big apple? more on that shortly. >>> plus, hotel, motel, ev plug-in. tesla to install charging stations at 2,000 hilton hotels. details on that deal further ahead on the program. >>> but first, let's get a check on the markets. the dow outperforming again today, up 84 points, driven by strength in health care and intel, interestingly enough. broadly speaking, chip names are weak, the s&p 500 is down .25%, and the nasdaq is off the lows but still down almost 1% today. on the media front, disney and paramount both hitting new 52-week lows. there's walt disney shares that dipped below $80 earlier in the session. fubo tv also up about 10%. warner brothers discovery down 4% after their ceo said strike costs have prompted them to lower earnings expectations and fubo is charting after they have pushed subscribers to sign up. and in the a.i. space, c3 is down 14% after forecasting

alongside kelly evans i'm tyler mathisen. coming up, a contrarian take on the markets right now.o says bad news really is bad news. and the fed is reinflating the nasdaq bubble. plus where are the jobs? in the suburbs is where you will find them. restaurant chains finding workers where they live. and is it all part of a shift in the job market with the employer regaining the upper hand? kelly? >> feels like it, tyler. thanks. hi, everybody. let's first gets a check on the markets. dow's up 95 but underperforming today with the s&p up nearly 2/3 of 1% and the nasdaq up more than 1% as we're seeing kind of a restrengthening back toward the levels we were at on the open as we move through the

alongside kelly evans i'm tyler mathisen. coming up, a contrarian take on the markets right now. we're going to hear from someone who says bad news really is bad news. and the fed is reinflating the nasdaq bubble. plus where are the jobs? in the suburbs is where you will find them. restaurant chains finding workers where they live. and is it all part of a shift in the job market with the employer regaining the upper hand? kelly? >> feels like it, tyler. thanks. hi, everybody. let's first gets a check on the markets. dow's up 95 but underperforming today with the s&p up nearly 2/3 of 1% and the nasdaq up more than 1% as we're seeing kind of a restrengthening back toward the levels we were at on the open as we move through the afternoon. two big deals to tell you about. first, disney and charter ending their dispute right in time for charter customers to watch "monday night football" on espn. a lot of new york subscribers. the jets, as everybody here knows, are playing tonight. charter shares are up 3 1/2%. wbd up as well on brighter prospects for the tv business. we'll have more o