and hello, everybody i'm tyler mathisen in today for kelly evans. one of our guests says the consumer isn't as strong as the data suggests. the other is feeling like a hopeful cubs fan in reverse. both figures will explain what they mean and what it means for the fed and the markets. >>> plus, how is the world's second largest asset manager managing in this market? tim buckley will join us for a live interview to answer that question >>> plus, a read on housing from one of the builders. the ceo of tripoint homes joins us with a look at inventory and the impact of rising interest rates. the dow down more than 200 points, hovering near session lows it's been a rough week the s&p is flat, but the nasdaq, the outperformer today, bouncing back from yesterday's rough session by about 88 points amazon, the big tech gainer, shares there up nearly 8% on the back of earnings more on that ahead that is helping the rest of the tech trade apple on deck, of course, to report next week and everybody watches that one >>> let's begin with the latest read on the econ

i'm tyler mathisen with your cnbc news update. house is set to begin voting any minute now whether house speaker kevin mccarthy can keep his job. a defiant mccarthy scheduled it after matt gaetz filed a motion to oust him last night. if five republicans vote to remove mccarthy, that would be enough, assuming all democrats vote against him, too, which is party tradition. in a letter to his kcaucus hakem jeffries said they will vote against jefferies. donald trump says he plans to take the stand in his fraud case. he is named as a potential witness by his own lawyers and by attorney general la titia james. >>> and chipotle may have an automated assembly line developed with kitchen technology company. this is not the first time chipotle has shown an interest in robots and unveiled a robot with a robot that fries tortilla chips. >> i would love one in my kitchen at home. >> chippy. >> tyler, i'll see you soon. thank you very much. tyler mathisen. >>> coming up, the future of the consumer protection bureau is hanging in the balance. we

. >>> let's get to tyler mathisen for a news update. >> thank you very much. erupted in beirut near the u.s. embassy. lebanese security used tear gas on the demonstrators as they shouted against israel, threw rocks and waved palestinian flags. protests spread throughout the region after an attack on a hospital that the israelis say was perpetrated by hamas. >>> the environmental protection agency found that lead emitted from airplanes pose a danger to public health. more than 170,000 small planes use leaded gasoline, opening the door to a debate over how quickly airports can phase out this neurotoxin in airplanes. >>> the nfl commissioner roger goodell is extending his contract, keeping him in the league through 2027. he holds the most powerful position in american sports. since taking on the role in 2006, he's boosted revenue to about $20 billion a year. and navigated a booming expansion in many ways. league owners finalized the contract at a meeting in new york. kelly, back to you. >> quite a run and more to come. >>> coming up, netflix reports earnings toni

writers guild ended its strike back in september dominic, back to you >> thank you very much, tyler mathisen for its best pace since june after raising guidance we'll ask the ceo how he's navigating today's macro economic environment that's coming up next. >>> and now cnbc trend tracker ♪ ♪ every day, businesses everywhere are asking: is it possible? with comcast business... it is. is it possible to help keep our online platform safe from cyberthreats? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. >>> welcome back shares of brixmor up about 3% after upping its full-year guidance for 2023. those results were

alongside kelly evans, i'm tyler mathisen. coming up, tesla

tyler mathisen.y is the best performing sector, etsy, bath and body works are the biggest gainers. is this a sign of a comeback or a last hoorah, they're waving red flags about some retailers and we'll discuss that next. take a look at shares of news corp. hitting the highest level in a year and a half. jeff smith's starboard value has reportedly built a stake in the company and is pushing for strategic and government changes and he'll join david faber for an exclusive interview tomorrow at 9:45 eastern. i won't miss it, you shouldn't either and we have the dow up 3.06. something amazing is happening here. climate researchers are weathering a data storm. that's because cdw transformed their devices and infrastructure with lenovo thinkpads and powerful edge to cloud solutions, delivering faster insights and increased performance, giving them the scale to stay ready for whatever's next. make amazing happen. lenovo and cdw. ♪ >> welcome back. it's the first installment of our special consumer coverage.

i'm tyler mathisen. glad you could join us. higher wage contagion. are resolved, one thing is pretty certain. thousands of workers will have higher pay, but will all those new salaries lead potentially to higher inflation? we'll look at that. >>> plus, carrying debt weight. this higher interest rate environment could pose a risk to overleverage stocks and we're going to take you through some of the name, kelly, that could be impacted.

. >>> let's get to tyler mathisen now for a cnbc news update. tyler? >> thank you very much.israel for europe today. the government is helping americans who are looking to leave the country. an airline official told reuters the flight departed from tel aviv for athens. a white house spokesperson john 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 from georgia has jumped into the race, along with 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 justi

i'm tyler mathisen alongside kelly evans. good amp, busy day at hand here. fighting continuing in israel today. president biden expected to speak shortly to pledge his support for israel. with the chaos in congress, what can the u.s. actually do? what can they aprop pre yat? nothing right now. and we are continuing to monitor the market reactions. stocks continuing the late afternoon rally. bond yields are falling. >> the dow was up half a percent, three quarters of a percent for the nasdaq and the s&p up. a couple of individual names are in the hotels and travel and leisure broadly. look at these increases. hyatt up about 7%. added to the s&p mid cap it gives a boost because it goes into the index funds that managers have to buy. truist also higher. the company reportedly in talks to sell the insurance business for $10 billion to stone point. this domscomes ahead of earning season. >> the human toll in the middle east continues to rise as the conflict enters its fourth day. president biden is expected to speak any moment now. so what kind of -- about what k

and hello, everybody i'm tyler mathisen in today for kelly evans.ays the consumer isn't as strong as the data suggests. the other is feeling like a hopeful cubs fan in reverse. both figures will explain what they mean and what it means for the fed and the markets. >>> plus, how is the world's second largest asset manager managing in this market? tim buckley will join us for a live interview to answer that question >>> plus, a read on housing from one of the builders.

. >>> welcome back good day, everyone i'm tyler mathisen with your cnbc news update the israeli governmentthat more than half of the hostages being held by hamas in gaza have foreign nationality. the estimated 220 hostages have foreign passports from 25 different countries, including 54 thai nationals. the government said 328 people from 40 countries are confirmed as dead or missing after the october 7th attack on southern israel >>> joe biden and the australian prime minister are holding a joint press conference at the white house shortly. the new world leaders are expected to discuss defense strategies in china, israel, and ukraine. joe biden said the two nations are committed to keeping the indo-pacific region free, open, and secure the visit expected to end in agreements about how best to deter and compete with china >>> and the manhattan district attorney said marvell actor jonathan majors will stand trial in november. he was arrested in march for a domestic dispute and is facing misdemeanor assault charges. he has denied the charges. kelly, back to you >> tyler, thank you. now a chec

long side kelly evan, i'm tyler mathisen. coming up, earnings and the economy. the fed just releasing the beige book on economic activity. we will have the details shortly. steve is studying it right now. tesla and netflix reporting results after the bell. those are big numbers and we'll get you set for both of those reports. >>> plus the biden administration announcing $3.5 billion for various projects to shore up the energy grid, this follows a $7 billion investment in hydro again and we'll talk to the energy sent jennifer granholm about that and more. >>> and the markets have seen big fluctuations. we're off session lows. the dow down 178. we hit the session lows right around 1:00 p.m., improved a little bit after the better 20 year treasury auction, and then started sliding before we stabilized. the s&p is down 35, nasdaq down 1%. and bond yields have been moving hire of course until that auction. nvidia shares, down again today. down nearly 10% in a week now, $100 billion in market cap wiped out. both citi and mar organ stanley cutting their price targets.

now over to tyler mathisen for a cnbc news update. >> kelly, thank you very much.mp campaign legal adviser kennethchesbro has pleaded guilty to a felony conspiracy charge earlier this afternoon. he struck a deal with prosecutors. he now faces five years probation, a $5,000 fine, community service, and he must cooperate with the state in the case going forward. he was one of the 19 people charged in the case, including former president donald trump. >>> the white house requested more than $105 billion in aid from congress to support security needs in ukraine, israel, taiwan, and notably, along the u.s. southern border. $61 billion of that request is slated for ukraine. joe biden made the case for aid in his thursday night address to the nation, saying the money will help keep american troops out of harm's way, and build a safer world. the house won't be able to take up this aid request unless it elects a speaker. didn't do that. the house's third vote today, congressman jim jordan up able to secure the 217 votes needed to win the speakership. he learned just 194, do

alongside morgan brennan, i'm tyler mathisen earnings and the economy, inflation comes in as expectedmazon and intel report. strong results both places stocks losing steam throughout the session. one concern we are watching is how will the consumer hold up during the holiday season. both major toy companies, mattel and hasbro, could toy sales be a red flag for christmas. >>>? the nasdaq holding on to a small game all three averages on pace for a lower week, lower month as well. chipotle higher following results. it was able to rise prices to offset rise in costs and post same store sales growth of nearly 8%. up 6% right now. s sanofi shares are having the worst day. according to mizuho, no pharma stock has lost more than 10% you can see those shares are down 19% >>> today's rebound in tech helped by positive earnings reports. let's start with intel and kristina partsinevelos >> well, intel's results were much better than xched but largely in part due it a boost in personal computer sales let's start with the good news gross margins are showing signs of life signaling a bottom might be

along side kelly evans, i'm tyler mathisen. two major events we're looking for.happen at any moment. this is amazon's first deployment of internet satellites to take on spacex's starlink. >>> plus president of the uaw shawn fain speaking shortly giving an update to his members on facebook live. we'll give you those comments such as that they are news worthy once we have them. >>> and already a pretty wild day for the dow, currently up 333 points, near session highs after the big jobs report that was at 8:30 this morning. initially sending a shock down investors' spines as it defied expectations shoorsoaring by 33, fueling concerns to more fed rate hikes. but bond yields reversed lower and stocks are near as i said session highs. nasdaq up 1.5%. let's bring in

now over to tyler mathisen for a news update. >> thank you very much.gaza this afternoon. the palestinian health ministry reports initial estimates of at least 500 casualties in what they say was an israeli air strike on the baptist hospital in central gaza. the israeli military has not yet commented. nbc news has not independently confirmed the report. >>> russia's parliament removed towards revoking the ratification of a nuclear test ban treaty. the country says the goal is to mirror the united states, which has signed but never ratified the treaty. and russia stated it would not resume testing unless the u.s. does. >>> india's top court today refused to legalize same-sex marriages in the world's most populous country. however, the chief justice called on parliament to ensure the lbgtq community does not face discrimination, saying it's the government's responsibility, not the courts, to create laws allowing for same-sex marriage. kelly, back to you. >> tailor, thank you so much. >>> coming up, we continue with a closer look at the retail sales number

alongside kelly evans i'm tyler mathisen we have a big market day the dow up about 500 points.ng up, the auto strikes are almost over. gm reaching a tentative deal with the uaw after ford and stellantis did as well do these deals set the u.s. auto industry up for success or cripple the companies with long-term costs? >> plus, president biden issues an executive order on artificial intelligence, it covers safety, civil rights, and maybe the biggest threat of all from ai, will it take humans' jobs away we'll discuss the impact this could have with a great panel. >> looking forward to that first, let's get a check on the markets. the dow is leading the way, up 506 points today the s&p, the nasdaq gains are now approaching about 1.2% the laggard has been the russell 2000 mcdonald's reporting results, beating on the top and bottom lines. same store sales up more than 8%, thank you to higher menu prices you can see, of course, that's helping the dow. the shares are up about 2% and a real estate deal to tell you about. realty income buying spirit realty capital for $9.3 billion. no re

i'm tyler mathisen. glad you could join us. higher wage contagion.and when the various labor strikes are resolved, one thing is pretty certain. thousands of workers will have higher pay, but will all those new salaries lead potentially to higher inflation? we'll look at that. >>> plus, carrying debt weight. this higher interest rate environment could pose a risk to overleverage stocks and we're going to take you through some of the name, kelly, that could be impacted. >> indeed we will. let's get a check on the markets which are looking a little better than they did earlier. we're narrowed the gap trying to turn green again like we were briefly were at the top of the session. the dow is down seven points and the s&p 47. the nasdaq is down 22. shares of gm moving lower this afternoon on reports from "the wall street journal." it's not about the strike. it's that at least 20 million vehicles potentially have dangerous airbag parts. those shares off the lows down 2.5%. on to another automaker in the red, how about rivian down nearly 20% now after announ

alongside kelly evans, i'm tyler mathisen. coming up, tesla delivering numbers falling in the third quarter as the company gets ready to launch the cyber truck and why elon musk and company should be watching very carefully what happens in detroit. what if the uaw tries to unionize tesla? we'll discuss that next. plus, the ten-year yield rising to new highs we haven't seen back in 2007. how much higher can it go, and what will the impact be on equities? today is the perfect day to discuss it because rick santelli is in the house. >> looking forward to that. let's get a check of the market, just off session lows. really turned lower. dow down half a percent right now. similar for the s&p. nasdaq is up 19 points and the russell 2000 are the worst performer. tyler mentioned the rising yields, especially hurting the utilities today of the one place investors go and it's pressuring the business model. its year-to-date drop is down to a 21% decline. poster child seems to be nextera getting hammered losing a quarter of its value in a

alongside kelly evans i'm tyler mathisen we have a big market day the dow up about 500 points.

along side kelly evans, i'm tyler mathisen. two major events we're looking for. first a major rocket launch about to happen at any moment. this is amazon's first deployment of internet satellites to take on spacex's starlink. >>> plus president of the uaw shawn fain speaking shortly giving an update to his members on facebook live. we'll give you those comments such as that they are news worthy once we have them. >>> and already a pretty wild day for the dow, currently up 333 points, near session highs after the big jobs report that was at 8:30 this morning. initially sending a shock down investors' spines as it defied expectations shoorsoaring by 33, fueling concerns to more fed rate hikes. but bond yields reversed lower and stocks are near as i said session highs. nasdaq up 1.5%. let's bring in linkedin's principal economist, and also chief market strategist with dyna. and also a portfolio manager. great to have you three here. ron, let's start with you. yeah, take this where you will. i'm tempted to say it is a sign good news is good news again, although plent

. >>> let's get to tyler mathisen now for all the big news of the day. >> thank you very much, kelly.arian aid from the international red cross and the world health organization is ready to be delivered to gaza. the two organizations say they have about 100 tons total of aid to dlifer to the region, but neither have secured safe humanitarian access. the red cross says its said includes urgently needed medical supplies. >>> california governor gavin newsom plans to travel to china to discuss climate action. it will include stops in beijing, hong kong, shanghai and various provinces where he will sign on to some climate initiatives. he said in a statement that california and china are two of the world's largest economies, which makes a climate partnership between the two a necessity. >>> pfizer will price its covid drug paxlovid at a little less than $1400 for a five-day course when it shifts to the commercial market later this year. that is more than double what the federal government was paying when it offered the treatment for free. there's also the list price before rebates and othe

i'm tyler mathisen with your cnbc news update. the palestinian ministry of health reported that 1100 people have now been killed in gaza, around 5300 gaza citizens were reported injured. earlier today, the ministry said the death toll in the west bank was 2300. glaza is now in the dark after the power plant ran out of fuel. a spokesman said gaza will halt operations to basic services, hospitals, sewage and water in the coming hours. israel cut off the electricity supply starting on saturday. >>> two congressional officials telling nbc news that the biden administration plans to request an aid package for israel that will include funding for ukraine and taiwan. those officials saying the request for supplemental funding is aimed at addressing the strain on pentagon stockpiles from providing support to the three countries. the sources say the funds would be used to build more weapons. kelly, back to you. >> wow. tyler, thank you very much. >>> between the israel-hamas war, zaukraine, and rising tensions with china, the world is slip

i'm tyler mathisen in for melissa lee. on the desk, dan nathan, and guy adami, we start with the market jump. the dow up 314 points, blue chip index now up six of the last seven days. nasdaq and s&p 500 bouncing more than 1%, wall street embracing earnings season optimism and shrugging off those rising treasury yields which were higher today. among the biggest winners, retail, the s&p retail etf rallying almost 3%, solid rebounds, since it's been down nearly 8% over the past three months. a lot of those names really limping. another encouraging move higher in transports, rising 2% today, transports struggling since hitting 52-week highs over the summer. and these gains today came even as yields ticked higher, so could this be the start of a season-ending melt up for the markets? what do we say here, tim? take it away. head fake or hmm. >> look, it was an interesting day if you look the at ten-year, essentially yields back up again. we we're, you know, 15 bips off the scary heightings. you had a day when equities should hav