these are the big issues facing the industry as the world's biggest travel event — the world travel market in london. the travel and tourism sector grew by 3.9% last year and contributed a record $8.8 trillion to the global economy. that's the eighth year in a row it's outpaced growth in the global economy. the sector is expected to continue to expand. it's thought that 1.4 billion trips will take place this year alone, a figure that could rise to 1.8 billion by 2030. but tourism is very carbon—intensive. a recent study found it contributed about 8% of global greenhouse gas emissions. this includes accommodation, dining and transport. simon press is the director of the world travel market and joins me now. this is an annual event that you run every year and have done so for ten yea rs. every year and have done so for ten years. it is a huge undertaking because you have notjust the big players in the travel industry but ministers from around the world who are in charge of travel and tourism in their countries. conversations that take ca re countries. conversations that take care generate bi

these are the big issues facing the industry as the world's biggest travel event, the world travel marketkicks off in london. the travel and tourism sector grew byjust under 4% last year and contributed a record $8.8 trillion to the global economy. that's the eighth year in a row it's outpaced growth in the global economy. the sector is expected to continue to expand. it's thought that 1.4 billion trips will take place this year alone, a figure that could rise to 1.8 billion by 2030. but tourism is very carbon—intensive. a recent study found it contributed about 8% of global greenhouse gas emissions. this includes accommodation, dining and transport. with us now is tom jenkins, chief executive of european tour operators association. delighted to have you with us. that is the problem, isn't it? it is the carbon emissions story. here you have a massive industry, a growing industry, and it brings that problem with it. the answer is it is very difficult to divorce the carbon footprint, it the activities of tourism, from the wider society in which it sits. and i think 8% is the latest figure t

world from emerging economies seek a break. laying out the new big picture when it comes to travel. it is one of the largest travel markets you ask. this is big business. the global tourism industry generates $9 trillion of economic activity. this industry supports 320 million jobs on the planet. in fact if you look atjobs, for every five new on the planet. in fact if you look at jobs, for every five new jobs created, one of them goes into tourism. the big business. 10.5% of global economic activity. and despite the concerns of a global slowdown, of course climate change, theissue slowdown, of course climate change, the issue being talked about here, how sustainable is global tourism? but despite those headwinds, this industry is still only going in one direction, and that's up! last year global tourism grew by 4%, and many are predicting that will continue as we see more middle classes around the world coming out of those developing economies. yeah. so the travel market, 50,000 people will be passing through these doors over the next three days and it is estimated they are going to generate about $4.5 million worth of bu

travel now amazing tight ends. the european union and singapore agreed to drop tariffs the long awaited free trade deal comes into effect today linking the world's biggest market was the most successful cities stepped. up not just climate change and all this is to mitigate its full of a serious downward effect of the globe. a new report and emerging economies in asia will bear the brunt of the climate. also on the show there an inescapable science on germany's landscapes as the country reached peak winter about. this is a business. in berlin welcome the chief of the international monetary fund trade tensions and resulting uncertainties could shave off nearly one percent of global gross domestic product by next year the global economy is in a synchronize downturn krista leno said of the round table discussion with chinese premier league 90 percent of the world's g.d.p. is slowing compassion with last year well back chief david urged china to further open its economy reduce state subsidies and allow the market to play a more decisive role to help stem the adult. now the e.u. singapore free trade agreement goes into effect today the long awaited bilateral deal is

inside the market, brookings agencies travel firm, expedia getting hammered today. take a look at the 10 year yield. higheracking back ever around the worldsome going from negative to breakeven or positive. in the case of the u.s. 10 year tracking back towards 2%. vonnie: i am looking at oil. we have some breaking news first on aramco. it seems that saudi arabia is negotiating major commitments woulditizens, you anticipate saudi arabia will look for -- we are reporting it is negotiating with the likes of of a major stake in credit suisse group. aramco has been looking for family thatfrom the is in charge of disturbing hyundai vehicles in the kingdom. turning to rich local families for a stake in aramco. up 2.1% reversed all of yesterday's declines. u.s.-china those trade headlines, let's bring in .arah mcgovern -- mcgregor is this about who controls the narrative? have had known there might been a rollback on some tariffs, it seems like china is insisting that they are agreeing. sarah: it is true. did come fromnt china earlier today. we did have a u.s. official confirming there is talk of rolling back the tariff. there are a lot of if's.

world's rich get out of stocks and go to cash. ed: i don't think so. it has been the story for the past decade. right now, market is climbing a wall of worry. i travel past week. people are not pessimistic. they're not optimistic on what the stock market will do. cleveland, people are cautious. tom: two birds with one stone. pmi's, we remember m1, m3, my m2 has slowed down. change everything. now it is pmi's. many recession, bottoming process within global pmi's. do you believe in pmi's? three favorite economic indicators. pmi's are one of them. of the three, there the weakest now. tom: ok. pmi's of value. talk about a mini recession bottoming process. re: out of a mini recession? ed: we are not out of it. it is a bottoming process. central banks started to ease beginning of this year, at it for 10 months now, 11 months. globally, 50 emerging markets in my work indicates that is lifting the stock market, like the dax. up 25% this year. the dow is up. the economic data will be better. tom: we will talk about the forecast. i want to ask and when we come back, simply, how do you catch up? mr. hyman with us through this forward 2020. the president of th

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.artner with pgim, the global investment management businesses of prudential. >>> time now to get to the word on the street. raymond james giving a bullish outlook on athletic detail nike had outperformed while resuming at outperform the group is well positioned for at least the next decade, saying long-term trends toward comfort redefine how consumers dress. >> deutsche bank updated black rock to buy. more favorable conditions through the 2020 elections and credit suisse upgrading lowe's, offering a compelling risk/reward. it also says lower interest rates could lead to increased demand that stock up half a percent josh, want to ask about the asset managers there do you buy into that thesis just because of bullish markets >> i really don't. i like blackrock i think they'll be right on that if you look at those three names, the other two are losing market share blackrock is taking it blackrock, technically, is breaking the double top at 480 that's been a level of resistance there may be

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travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.h pgim, the global investment management businesses of prudential. >>> welcome back to "closing bell." the dow up a third of one percent, disney playing a big part s&p did also have a slight gain, enough for its own record all-time closing high. the nasdaq just lower and missing out on its own record. let's get to kayla, listening in to those opening remarks from the press conference from president trump and erdogan. >> after starting more than 45 minutes late, wilf, we're still in the prepared remarks part of this event president erdogan is speaking right now, after president trump talked about the great relationship between the two countries and the fact that turkey is maintaining a cease fire in northern syria after a military operation following a call with president trump and the removal of american forces in that area president trump also saying that the two countries are in talks to quadruple the trade between the two countries to about $100 billion, reupping a statistic from ju

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.ith pgim, the global investment management businesses of prudential. ♪ >>> good monday morning. welcome back to "squawk on the street." contessa is in for sara. a muted open to the busy week as the market is buffeted by head leans of trade, violence in hong kong and let's get to diana olick. >> home builder sentiment down slightly below expectations. the street was looking for flat at 71 but anything above 50 is considered positive data at one year ago the sentiment survey stood at 60 much better. of the index's three components, current sales conditions fell. and sales expectations over the next six months rose one point to 7 the chief economist said builders are grappling with affordability, head winds and trouble with a lack of labor regionally over three months the september. highest in the west and the south. >> our road map begins with stocks struggling for direction. reports of trade deal pessimism in beijing pausing the record run for wall street. >> "the new york times" firing

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.obal investment management businesses of prudential. ♪ every year, our analysts visit thousands of companies, in a multitude of countries, where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence. >>> in three minutes we get started with trading here at the new york stock exchange. let's squeeze in a mad dash ahead of that open. >> this company bought the equivalent of managing by constellation brands it's been disappointing. although they missed by looking or 100 million ebitda loss i know we have the ceo at 11 i want to point this out, david, in the 1930s when our country had to protect the farmers, we killed catlet. we killed hogs and we plowed under crops. if they don't plow under cannabis in canada, they're never going to get any pricing what's happened is there is a zur serve ed of cannabis they don't believe in, i saw this in oregon, they ripped up the pinot noir fields. to

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.artner with pgim, the global investment management businesses of prudential. ♪ ♪ i've been a caregiver for 20 years. no two patients are the same. predicting the next step for them can be challenging. today we're using the ibm cloud to run new analytics tools that help us better predict and plan a patient's recovery. ♪ ♪ ultimately, it's helping thousands of patients return home. and who doesn't love going home. >>> welcome back blockbuster testimony in the latest impeachment inquiry hearings ylan mui with the latest for us. >> we are now in a second round of detailed questioning by staff of eu ambassador slochbd oi ucu. republicans are trying to draw the line between burisma and the bidens >> i never heard vice president biden come up until very late in the game >> when? >> i don't recall the exact date but when it and i will sort of came together. maybe after the transcript of the july 25th call i don't know i don't know the exact date when i made the connection. apparently a lot of

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.tner with pgim, the global investment management businesses of prudential. more exciting than than getting a lexus... giving one. this is unbelievable! >>it really is. the lexus december to rembember sales event lease the 2020 rx 350 all wheel drive for $419 a month for 27 months. experience amazing at your lexus dealer. >>> welcome back to the conference here in naples, florida. the investment committee is standing by. guys, it's a retail kind of a day. depot is under pressure, macy's, kohl's >> home depot wasn't as bad and kohl's was way worse heem home depot was at its all-time high it had to be a perfect print and it want. underneath the surface, the 36 comp, they actually did 4.8 in a comp that's pretty good it was very close to expectations the implied guidance is at 5 comp it's not down enough for me to buy or add to it but it's something i'll watch and look to buy if it continues to fall. i think kohl's is a mess, amazon, private label, the loyalty card, it just not driving tra

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.artner with pgim, the global investment management businesses of prudential. to take care of yourself. but nature's bounty has innovative ways to help you maintain balance and help keep you active and well-rested. because hey, tomorrow's coming up fast. nature's bounty. because you're better off healthy. >>> all right. financial up nearly 40% this year and betting more upside into year end. jon najarian has that for us in unusual activity >> yes, sir, i have that unusual activity ally financials littlechilly o the way over, i had to grab my vest, too. >> but josh's looks good >> you look like a river boat gambler. >> all right go ahead >> december 32 calls as you saw stock is 3130 right now. they're buying the 32 calls. big numbers. take a look at this. about 5,000 of those traded. half million share equivalent trading for under 50 cent. so, i bought these i'll probably be in them about a month. second trade, take a look at lbrands. symbol lb. talked about this one earlier in the week,

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha. with pgim, the global investment management businesses of prudential. >>> all right, we have a a special halftime show for your tomorrow we're looking so forward to it in honor of veterans ta, we'll be live from the women's memorial in arlington, virginia. noon eastern and ahead of that, jim taped a series of educational videos for military personnel transitioning to civil lan life. he offers tips and advice for investing in your future called invest in you. ready, set, grow as part of our partnership with acorns. tell us about it >> obviously it's something near and dear to my heart i think b about this a lot i remember when i was in the navy, i'd go out to sea, shut hatch, konlt couldn't pay attention to roku's earnings r or twitter, but my point is that made me a long-term investor doesn't matter if you're in a submarine or deployed in the marines to the middle east or in the force, it's hard the stay on top of day-to-day things in the markets when you're doing that job b so it's i

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha. partner with pgim, the global investment management businesses of prudential. >>> welcome back to the "halftime report." i'm seema moody. time for etf edge. earnings season is winding down but a number of big retailers still have yet to report walmart, jp penny and burberry on deck and a monthly read on retail sales on friday consumer spending has been the bright spot for the global economy but there are a lot of questions about whether that's losing steam joining me jay jacobs from global x funds and jeff killberg in the house how should investors approach retail right now >> it's interesting. we continue to focus on the china/u.s. trade conversation but let's look at the consumer the consumer has really muted all that noise all year long domestically in the stock market as we saw last friday take new all-time highs. let's look at today overseas in china, the 11/11 shopping festival shattered all records the consumer is in good strength some of the undercurrents etf like rth showing

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha. partner with pgim, the global investment management businesses of prudential. non-gmo, made with naturally sundown vitamins are all sourced colors and flavors and are gluten & dairy free. they're all clean. all the time. even if sometimes we're not. sundown vitamins. all clean. all the time. wow! giving one. how did you guys...? >>don't ask. the lexus december to rembember sales event get 0 percent apr for 60 months on all 2019 models. experience amazing at your lexus dealer. >>> twilio shares have fallen 30% from their all-time high in june they are expecting a bounce from here john, what's unusual about this? >> they are buying the 98.50 calls that expire this friday. there's chatter about somebody getting involved potentially i care more about the actual numbers. they are buying them in big numbers. 7,100 calls have traded. more volume than you usually see in a full session. all the way across several different expirations. kraft heinz today, khc, we seeing big buying, 11,700 calls

market for most people. no emergent traveling at supersonic speeds without ever leaving the ground a british jet engine on wheels called the bloodhound is on the trial of the world lead speed record for the miller has the story from south africa. its developers say it's the most advanced straight line racing car ever built its aim to break the world land speed record at a speed of 800 kilometers an hour the bloodhound ellis saw is one of the world's top 10 fastest cars but it aims to double that speed next year it's been bull to break the record sit more than 20 years ago at 1227.9 kilometers an hour it is very difficult to describe because it's a bit like flying a jet fighter and it's a little bit drop like driving a high performance racing car but since most people haven't done either of those things that probably doesn't help in very simple terms it's very hot the cockpit it's very noisy there's a lot of excel aeration there's a lot of g. slowing down again and. the simplest thing i can say is the ground goes past very very quickly despite the sweltering heat the hugs and region deep in the kalahari desert provides the ideal testing ground the open flat surfa

world war? u.s. and allies continue to rely on the gulf and control access to that by mediating supplies that travel overseas and controlling access to markets. thank you. >> thank you. nathan citino from rice university. i would like to thank the national history center for inviting me. i would like to thank all of you for coming to hear this discussion. ago, on october 11, the defense secretary, mark esper, announced a deployment of forces to saudi arabia. at the time, he said, saudi arabia is a security partner in the middle east and asked for additional support to supplement their own defenses and defend the international rules-based order. this statement and the deployment itself gives us an entry point in our discussion for talking about the history of the u.s.-saudi relationship and american foreign policy in the gulf generally. those phrases, like security , or a bargain of security for oil, are frequently used to describe the u.s.-saudi relationship. these descriptions serve to portray that relationship as natural, inevitable, and apolitical. historical research by me and other people in the field -- some great work being done -- sh

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travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.ith pgim, the global investment management businesses of prudential. . >>> record highs being a across the board, above 27, 600, getting close to 3100. and the nasdaq with a record high stock trading with jim is in a minute as usual we were behind schedule. but sophie's enthusiasm cannot be dampened. not even by a run-away donut. we powered through it in our toyota prius. because a star's got to shine, no matter what. it's unbelievable what you can do in the prius. toyota let's go places. when i lost my sight, my biggest fear was losing my independence. mmm... good. so i've spent my life developing technology to help the visually impaired. we are so good. we built a guide that uses ibm watson... to help the blind. it is already working in cities like tokyo. my dream is to help millions more people like me. >>> let's get to jim >> when you usually see a stock up 25%, you think it may be a takeover, but this does glucose monitoring and kevin sayer is on fire they have the tools to make i

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.ses of prudential. >>> it has been six years since twitter went public and the stock barely moved find out whether it capln ay check up on tradingnation.cnbc.com more "squawk on the street" coming up. ♪ ♪ >>> welcome to "squawk on the street." rick santelli on the floor of the cme group, welcoming my last guest of the week, michael kushma let's get into it. risk on. stocks going up, dollars going up, interest rates globally going up one thing that isn't going up are corporate and high yield and investment grade bond spreads. can you talk to that topic >> absolutely. the big change from this year to last year is that the fed cut interest rates three times more important, relative to what people thought in 2019, yield expectations dropped 150 basis points or more, the business cycle is ongoing we're not going to have recession in 2020, probably not 2021 corporate cash flows will be okay, and we may have a trade deal as well those combinations are perfect environment for better performanc

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.nvestment management businesses of prudential. ♪ >>> good tuesday morning welcome back to "squawk on the street." i'm carl quintanilla, david faber. a bit of a tight range at the open as we await the president speaking at noon the dow up 51 and change. >> our road map starts with disney's streaming debut with a long-awaited disney plus means for the media landscape. >> job cuts at juul. slashing nearly a billion in costs next year. >> game on take two interactive ceo will join us on set for a cnbc exclusive. we will talk about the gaming sector and the company's last quarter just reported last week. >>> we begin with disney and the launch of its long awaited streaming service. joining us industry veteran and usa network founder and former ceo kay coplavictsibility who rn springboard enterprises. when founder of usa you were credited with pioneering the two revenue streams involved with cable, licensing and advertising. do you think they're doing enough for what they could be garnering

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travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.the global investment management businesses of prudential. >>> good monday morning. welcome back to "squawk on the street." i'm carl quintanilla and david faber and morgan freeman in for sara eisen five straight weeks of wins that the s&p put together not to mention the record highs on friday. >> that's exactly where our road maps start stocks slumping as trade continues continue to loom for investors. >> plus the world's largest online shopping event alibaba's singles day hitting records with an hour still to go. the vape debate heats up and the president will meet with vaping industry officials months after calling for the ban of flavored e-cigs we'll bring you the latest. >> trade uncertainty gripping market this morning as they take a leg lower from record territory. ubs director of floor operations art cashin joins us this morning. a holiday, bond markets are closed fact that we do seem to be taking a breather here with equities, makes sense? >> it does, because what we're dealing

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.h pgim, the global investment management businesses of prudential. by the way, she's the it wasnext mozart.g day. as usual we were behind schedule. but sophie's enthusiasm cannot be dampened. not even by a run-away donut. we powered through it in our toyota prius. because a star's got to shine, no matter what. it's unbelievable what you can do in the prius. toyota let's go places. ♪ >>> big story today is consolidation in the brokerage space as we await a deal according to our becky quick schwab in talks to buy td ameritrade e-trade being left out of the party, down 6% right now stock trading with jim in a moment ♪ > >>> fleetwood mac which we will get to in a second, jim, but what's stock trading >> okay. genius no more now it's owned by bristle myers and i believe the doctor has put together a powerhouse company, the numbers are way too low the estimates have to come up. even with 57 with a 2.78% yield i would buy bristol-myers right here. >> we played feet wood mac, it looked like d

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.h pgim, the global investment management businesses of prudential. i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪ ♪ i am totally blind. and non-24 can throw my days and nights out of sync, keeping me from the things i love to do. talk to your doctor, and call 844-214-2424. ♪ 33. >>> welcome back tech is on pace for its best year in a decade, is the sector up more than 40% year-to-date. the rally comes despite big tech giants such as google and facebook facing increased regulatory scrutiny from the justice department and the federal t

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.the global investment management businesses of prudential. >>> welcome back to "squawk on the street." live breaking news september final read on durable goods orders is out. and it is minus 1.2% sequentially minus 1.1 in the rear-view mirror this is the weakest since may. if we take out transportation, ex-transportation, it improves to only down .4. you know not necessarily a great number if you look at factory orders, factory orders are down .6 if you look at nondefense ex-aircraft that is down .6. .6 this is the weakest number actually equals august if you want to look for weaker number down 1.1 in april. this is important. that is glimpse into business spending and that has been very, very light if you look at factory orders ex-transportation down 1.10. capital goods shipment also down . these are not good numbers for the marketplace. we know that manufacturing and trade and business spending are wrapped in a conundrum trying to figure out where it goes with phase one complete and

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.ner with pgim, the global investment management businesses of prudential. >>> welcome back to the "closing bell." we're set for three record all-time closes. there is today's sector heat map. you can see that health care leads the charge quite significantly, a bit of a relief rally on president trump's health care policy announcement. materials at the bottom, as are staples and discretionary in the red. tech having a good day as well a little dire straits music while you talk lindsey, what's your last chance trade? >> i'm looking at home builders and i know the industry is up 40% on a year-to-date basis. that's a pretty good move, double what the s&p 50 has done, but if you look at the economic data, whether it's new home sales, starts, existing home sales, pending home sales, these numbers have been just moving higher throughout the year after about a two year hiatus, the prices for homes have been mixed but the fact that affordability have been improved so much with the fed cutting r

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.ent management businesses of prudential. ♪ >>> good tuesday welcome back to "squawk on the street." i'm carl quintanilla with david faber at post nine of the new york stock exchange. a look at the markets, dow up almost 50. big hour coming up, jameie dimon and hedge fund ray dalio to rick santelli rick >> we are expecting ism nonmanufacturing and here it is. 54.7 definitely better than anticipated. 54.7 of course this is an october read and it now turns out to be the best since august, which was 56.4 but here's the important thing, 52.6 last month, september's with was the lowest since august of 2016. to have this additional lift is psychologically beneficial and also keep in mind, the last time we were understand 50 in the service ism was december of 2009, just to put some perspective on it. should be out momentarily, not out yet, expecting what is it 17th or 18th number over 7 million once it went over 7 million it's never looked back we'll come up with that in a bit. back to you. >>

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.h pgim, the global investment management businesses of prudential. ♪ >>> good tuesday morning welcome to "squawk on the street." i'm carl quintanilla with david faber and contessa brewer in for sara eisen markets looking for direction here once again, but record highs not too far away as we pay attention not so much to trade today as retailers >> our road map starts this morning with retail. the sector on pace for the worst day of november with home depot and kohl's sliding on weak quarters. >> the vaping crackdown, we'll take you live to the new york state attorney general making an announcement on vaping this hour. >>> eyewear brand warby parker launching its own line of contact lenses we'll speak with the company's co-founder and co-ceo on the move. >>> the retail route, home depot and kohl's under pressure after earnings sinking and cutting outlook and comps forecast for the full year. tjx a bright spot beating on the top and bottom lines as we monitor, guys, the wires for some hea

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha. with pgim, the global investment management businesses of prudential. >>> all right, fitbit getting bought by google this morning. jim mentioned the consumer interest in that name. a look at one week chart, 67% gain opening bell is next and our interview with starbucks' kevin johnson, just minutes away the biggest challenge of... ...owning and running a small business is finding the right people. in hiring our first recruiter, we decided to post a job on linkedin. they had to have worked... ...at a recruiter firm and be bilingual. when we saw ana maria's profile... ...she had a ton of experience in hr. the interview went really well. and she seemed like someone who could really sell mckenzie to perspective employees. we found the best person to find the best person for us. post a job today at linkedin.com/grow on a scale of one to five? one to five? it's more like five million. there's everything from happy to extremely happy. there's also angry. i'm really angry clive! actually, real

world war. u.s. allies and partners continue to rely on the gulf and we control access to that by mediating supplies that travel overseas and controlling access to markets. >> thank you, everyone. i'd like to thank the national history center for organizing this event and inviting me. i'd like to thank all of you for coming to hear this discussion early on a monday morning. a few weeks ago, the u.s. defense secretary announced a new deployment of u.s. military forces to saudi arabia. at the time of that deployment, he said saudi arabia is a long-standing security partner in the middle east. it has asked for support to supplement its own defenses and defend the international rules based order. this statement and the deployment itself gives us an entry point in our discussion this morning for talking about the history of the u.s. saudi arabia relationship and american foreign policy in arabia and the gulf war generally. those phrases, phrases like security partnership or maybe heard the phrase a bargain of security for oil are frequently used today describe the u.s./saudi relationship. these descriptions serve to portray that relationship as natural, as i

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.lobal investment management businesses of prudential. by the way, she's the it wasnext mozart.g day. as usual we were behind schedule. but sophie's enthusiasm cannot be dampened. not even by a run-away donut. we powered through it in our toyota prius. because a star's got to shine, no matter what. it's unbelievable what you can do in the prius. toyota let's go places. through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from finding out what's selling best... to managing your fleet... to collaborating remotely with your teams. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. >>> welcome back time for a cnbc news update with sue herrera. >> hello, wilf hello, everyone. here's what's happening at this hour a federal judge in washington has dismissed president trump's latest legal attempt to keep his state tax returns under wraps. the judge ruled that the district court in d.c.

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travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.obal investment management businesses of prudential. (people talking) for every dollar you spend at a small business, an average of 67 cents stays local. shop small and watch it add up. small business saturday by american express is november 30th. >>> the reveal of tesla's cybertruck marked by its failed demonstration of the truck's alleged bulletproof windows, it is not the first company to have a demo go wrong. take a look back at some of these other tech fails >> we are in a 360 video, in puerto rico. and -- hold on a second. we're on a bridge here it's flooded >> now, unlocking it is as easy as looking at it and swiping up. and, you know -- let's try that again. ho ho ho, let's go to back up here >> you can help me out, if you're on wi-fi, if you could just get off well, geez i don't like this. all right, let's go back to primaries. i'm afraid i have a problem and i'm not going to be able to show you much here today. >> just plug it in it's going to say, hey, i see you plugged in a

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.nt businesses of prudential. as a principal i can tell you this. when one student gets left behind, we all get left behind. this is a problem that affects each and every one of us. together with ibm, we created a whole new kind of school called p-tech. within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. you know what's going up today? my poster. today, there are more than a hundred thousand p-tech students around the world. it's a game changer. >>> welcome back to "squawk box. watching futures this morning. right now it is green arrows across the board dow futures indicated by 21. the nasdaq up by 4 the s&p up by 2. s&p was down 3 yesterday so we're not back to a new record. >> almost there. >> dow futures would indicate another high for the dow. >> which hasn't moved as much recently at least. the s&p hit the new highs first. >> right. >> confirmed by the -- >> dow. >> industrials yesterday on "squawk box" boeing's

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.nt management businesses of prudential. >>> apple launching a 16 inch mac book pro and it addresses one of the most common complaints and it is the keyboard cnbc digitals -- that's what we're calling it? todd hazelton is here and he has the actual laptop. >> it was just announced at 8:30 this morning and it does like you were saying fix one of the major problems everybody was having since 2015 on mac books and that is the keyboard apple tried since about 2016 to create a thinner keyboard, but the problem was there wasn't enough click to the keys, they would get stuck. and often when i reviewed the last mac book, it work 230d a couple months but then would get jammed and i was hitting a delete a lot so any created this keyboard there is more travel to it and basically what apple did, they base it off of the magic keyboard from thei computers, they know people lov that and they say this is the best keyboard in a mac and that this is the best mac book ever made >> joanna stern by the way

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.tner with pgim, the global investment management businesses of prudential. >>> welcome back, everybody. u.s. equity futures are higher dow futures up by 22 points. in our headlines today, disney plus is launching today. the streaming video service is going to be costing $6.99 a month. disney has spent more than $3 billion on technology and content to launch the new service. also, we've been talking a little bit about huawei. is rewarding its employees for riding out the ongoing black listing by the u.s the telecom giant will give staff working to navigate that standoff $286 million in bonuses. the company says it's going to double pay this month for nearly all of its 190,000 workers joining us right now is andy purdy. he is the chief security officer of huawei technologies u.s.a andy, thanks for being here. >> welcome the reason you're paying your employees is to keep them from jumping ship is it getting more difficult sledding >> it's a commendation for how hard people are working and

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.estment management businesses of prudential. >>> welcome back to "squawk box. futures improved five minutes ago the nasdaq was up four or five. could go negative again. there was a little bit of a bump indicated up 53. s&p indicated up 2.5 >>> billionaire and former new york city mayor michael bloomberg is expected to file paperwork this week in one state with an early deadline although an advisor said the former new york city mayor had not made a final decision to run. robert frank joins us with more on bloomberg's wealth. >> michael bloomberg would be the richest man ever to run for president. while his wealth could reshape the money landscape, it could be his biggest liability in a more populus democratic party he's sending staffers to alabama to qualify for the primary he is seriously considering a run since he believes the current front-runners cannot beat the president bloomberg's net worth is $52 billion. that makes him the eighth richest american he is, by the way, 17 times ric

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travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha. partner with pgim, the global investment management businesses of prudential. ♪ >> billionaire entrepreneur bob parsons recently announced $10 million grant to the semper fi fund for wounded warriors and their families the creator of go daddy and p parson's extreme golf. and the bob and renee parsons foundations that has raised $100 million just for semper fi last year, that's just one of your charities how many charities do you work with >> i think we work with about 30 different charities. we are moving to charity about a million dollars every 14 days. >> i love that one the semper fi. >> a lot is military oriented anda lot has to do with natura disasters. i know every disaster, you are out there front and center with team rubicon can you tell us about those efforts as well? >> team rubicon takes former military and it gives them a purpose and helps in transition over to civilian life. what we fund then is the cost to send these former marines, soldiers and sailors into a striken ar

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha. with pgim, the global investment management businesses of prudential. with a nation-leading $150 billion commitment to infrastructure, we're creating state of the art, 21st century transportation hubs, constructing new bridges, bringing high-speed internet to every corner of the state, and committing to low-cost clean energy. with infrastructure built for the future, the companies of tomorrow can thrive here today. see your future at esd.ny.gov. ♪ >>> welcome back to "squawk box. share holders voted in favor of a merger between caesars and el dorado >> the reno-based company is on its way to owning 16 resorts in 16 states. the sale of caesars to a company three times smaller came after karl eye khan made board changes. ichan apparently hand picked eldorado he has managed other acquisitions and is focused on cutting costs. he predicts a $500 billion synergy. caesars predicts $100 million in savings by the beginning of the year implementing sports betting and burnishing the brand the de

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.h pgim, the global investment management businesses of prudential. >>> president trump is heading to texas today to meet with apple ceo tim cook in a facility slated to assemble the mac book pro. they won a tariff exemption and announced it would build the redesigned mac book. using today's event to convince companies to add more u.s. manufacturing jobs as for cook, the tour may highlight a strong relationship with the president as he seeks further relief from tariffs on chinese imports. >> i have to say the relationship is so fascinating they come from completely different sides in terms of some of their own politics. that is clear and yet tim cook has somehow managed to engrashate himself >> at great peril. great peril to the woke social media crowd. >> certain customers and employee base. he's walked a fine line and threaded the needle in a remarkable way >> i know share holder value is not in vogue anymore if it benefits the company whether it is tariffs or recurring favor with peo

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.pgim, the global investment management businesses of prudential. ♪ >>> welcome back to "squawk box. futures in the green solidly 53, 54 points on the dow the s&p indicated up 6 nasdaq up 24 basically getting back some of the -- what we lost yesterday. let's take a -- oh, this is you, andrew. >> thank you, sir. let's take a look at some stocks to watch this morning. earnings from gap beating by 2 cents. same store sales falling by 4% that was worst than analysts had expected it's committed to spin off old navy and continues its search for a new ceo. >>> take a look at xerox giving hp an ultimatum right now. in its effort to go hostile in the bid unless the company agrees to pursue a friendly combination. they turned down the 22 a share offer saying it's significantly under valuing the company. >>> still to come this morning, elon musk unveiling his company's latest skreeation at an event last night in california this isn't your grandfather's pickup truck not your dad's pickup truck 'rgo

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market. it is a mistake. the rest of the world is not happy singular focus and the airwaves and they do not travel far that means commercializing the urban locations and it is not good for rural america and could meet with 5g in the nation divide. the fcc needs to change course and make a priority in the spectrum to better suit the extent promise of 5g service to everyone everywhere. fourth and finally, with 5g, were moving the world with billions of connected devices around this internet of things. we need to address our policies now to plan for the future. here is what that could look like. every device that has radio frequency at some point passes through the fcc. if you want proof, just pull out your smartphone and look at the back of your computer television. you'll see an identification number from the fcc. it's a stamp of approval. i mean that ice complies with fcc interference rules before it is marketed or imported into the united states. the fcc needs to revisit this process and use it to explore how we can encourage device manufacturers to build security into all the products. to do this, we could bui

travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha.global investment management businesses of prudential. >> the jobs report is out today. it is not the only important piece of data we'll be getting manufacturing data hits at 10:00 a.m. eastern time today showing contraction for the third month in a row the gm strike is expected to weigh in on that number. we wonder what we'll think of these numbers when they come out if people try to discount them and say it doesn't matter. >>> investors say goodbye to october and now the rate cut by the fed. the jobs report is due out in less than two hours from now joining us this morning our guest and our guest host this morning. scott, since you are new to the table, we'll start with you. what do you expect from the jobs number, what is the market expecting? do we get concerned or does it get written off? >> you've lined it up perfectly. through that data, well look at manufacturing. we expect to lose 50,000 jobs in manufacturing and people will pay attention. if we lose fewer manufacturing jobs,