this time in an ad scheduled to run on cnbc twice today. take a look. >> it is time for a wealth tax in america [ cheers and applause i've heard that there are some billionaires who don't support this plan. >> the vilification of billionaires makes no sense to me it's bull. >> that's warren's campaign to target the ultra wealthy who she says should pay more in taxes. set to run on "squawk on the street" and "mad money" today and we should say that lee cooperman, one of the individuals you just saw in that ad that she pulled from the great interview, frankly, in my estimation, that scott wapner did with him just a couple weeks ago, will join scott wapner once again on the "halftime report" today to respond to it that happens at noon eastern time today you can argue that these ads, as we said, i believe there are only two that are airing today i think you called it trolling it's not that she's trying to persuade necessarily the audience -- >> running that ad on cnbc is. >> boy, is she getting coverage on this network, i don't want to suggest

cnbc did a deep dive into the company. here is part of what we found in our investigation, the real question >> did you actually see fakes make their way onto the site for sale >> yeah. >> she was a copy writer for nearly three and a half years at the real real warehouse in new jersey but says the team she managed did more than just write about designer goods they authenticated them too. >> do you think they had enough training to authenticate the luxury bags. >> no, i don't think anyone had enough training to authenticate anything. >> the company declined a repeated request to go on camera and said sending this statement saying in part we stand behind our authentication process and will work with examiners to make it right and if there is a question about the authenticity of the item purchased we refund the purchase pris upon return. and this is great report you can catch the full report by andrea day on cnbc.com karen, you're a shareholder. >> i am, yes. >> this is a concern i would think. >> absolutely. >> the stock wen

with us on cnbc, i'm dominic chu. happy veterans day to all of those out there who are serving and serving right now. wall street is looking to kick the new trading week off in the red. the blue chips coming off their third positive week in a row and eighth record close of the year. the bond market is closed for that veterans day holiday. the dow opened down by 120 points if the future losses hold into regular cash equities trading. >>> turning overseas to asia markets saw losses throughout the region as shares in hong kong tumbled amid new violent protests you can see they were off by 2.5% the shanghai composite off nearly 2%. let's see what is happening in the early trade. carrying that negativety generally speaking the german a dax off 1% >>> a number of calls on stocks to tell you about this morning, including piper downgrading cisco and kate rogers has all the upgrades and downgrades. kate >> cisco from overweight to neutral and reducing from $55 to $51 citing a slowing macro environment across the provider secto

at cnbc global headquarters. mere is your five at 5 28,000 and beyond the dow in record territory as trade headlines help fuel the rally. >>> crisis in hong kong. weekend protests turning violent once again a live report from that region that's coming up >>> the gray lady investigates and fed exresponds new details this morning company that went from owing $1.5 billion in taxes to 0 taxes. a big move there. >>> the mustang goes all e ford lifting the curtain on a new radical new look and power train for the mustang name plate a one on one with ford ceo jim hack et coming up. >>> saudi aramco falling short the company out with a new valuation that's less than investors were expecting as "worldwide exchange" begins right now. ♪ >>> good morning welcome to the show i'm dominic chu in for brian sullivan. here is how your money and the global markets are setting the day up after the dow closed 28,000 for the first time ever on friday breaking above the key level just in the last few moments of trading on that day yo

banks tweet us @street ins cnbc or @cnbc jou coming up, more on the target date for uber. when we return the game doesn't end after that insane buzzer beater. because with nba league pass on xfinity you can watch the out of market games you want- all season long. and with the all-new xfinity sports zone, you get everything nba all in one place- even notifications about your favorite teams. watch the dropped dimes, monster blocks, and showstopping dunks. plus get instant access to your teams with the power of your voice. that's simple, easy, awesome. say nba league pass into your voice remote to upgrade for a great low price - or go online today. >> welcome back. germany has increased subsidies by half. the decision comes after meeting chancellor and the release of a new electric vehicle by volkswagen the ceo of the electric scooter company said he is seeing fast moving global trends as more city commuters go electric >> on what you call the whole urban mobility trend people are looking at their alternative way to commute in the city we are seeing the trend in scooters and

joining the banking index after a six-month high the ceo tells cnbc he is not discouraged by the fall and fourth quarter profit. >> i think it is not so bad in an environment we all know is challenging. >> the top line kicking into high gear in the fourth quarter. confirming its third year out look telling cnbc europe it is on the road to recovery >> no doubt we should expect midseason expectations we are clearly seeing a turnaround that is not a reflection of the gdp. we do not expect any substantial improvement in the economy >> wildcard doles wieals with aa at the fintech firm. >> soft bank is stung by wework's failed ipo. >> there are lessons we learned about going public those lessons should be learned by everybody who wants to go public >> good morning, we are getting some good news out of the european economy to give you the final composite number this is higher than the initial estimate of 50.2 the services as well, we've had a couple of services come out. final services pmi has come in at 52.2 versus 51.8. we saw a final break down to bring you those. the final number for fra

cnbc kate rogers joins us now with the full story. shares up 2% it's a dow component take us through what this means for mcdonald's and how it happened. >> sure, dom good morning well, mcdonald's announcing late sunday that steve easterbrook was out as ceo effective immediately after demonstrating poor judgment after having consensual relationship with an employee easterbrook is off the company's board of directors memo to employees easterbrook said in part this was a mistake. given the values of the company i agree with the board that it is time for me to move on. beyond this, i hope you can respect my desire to maintain my privacy. easterbrook took over in march of 2015 helping to reinvigorate the brand introducing new value items and all-daybreak fast and led the company's refranchising efforts selling off more mcdonald's locations to franchisees. but most importantly, easterbrook has been at the forefront of the experience of the future upgrades across the company with the self-order key of courses, new drive-through technology he

now for a cnbc news update >> hi, everyone. here's what's happening at this hour the taliban releasing an american and australian hostage they held for oaf three yeaver . they were kidnapped in august 2016 from outside the american university of afghanistan and kabul. >> a gas explosion inside a coal mine in china killed nine and injured more >> more than 140 schools are closed across indiana as thousands travel to end indianapolis to protest low teacher pay. indiana ranks 50 out of the 50 states in teacher pay increases since 2002 and you can expect to pay a little more this year for your christmas tree climate conditions have hampered tree growth with many trees being much smaller than in years past that's the cnbc news update at this hour. i'll send it back to you >> thank you for that. here's what's coming up on "the exchange." >>> ahead, american express is paying you big time to make sure every retailer is on board wework may be facing a new lawsuit. a serial entrepreneur tells us the secret to building a successful compa

that cnbc has learned there is pessimistic feelings not everyone is pessimistic. we caught up with the vice chairman and asked him whether he thought it was still possible we'd see a deal before the end of the year. >> there is an ongoing discussion, a rigorous discussion taking place as we speak. there are issues remaining about agriculture al purchase target, forced technology and broader enforcement issues i think the idea would be to resolve something -- of course we have american thanksgiving coming up. but to try to draw up something by the beginning of december and have it done before christmas. trump has seen he's gotten a lot of endorsement from american ceos that want to see some kind of stable iization and anchor i the trade dialogue >> he seemed rather optimistic there. so clearly, there are two sides trying to move forward >> the messaging we are getting is to let this sort it out there are concerns that this will tamp down the situation if we see the reluctance for the spending nowhere is that more true than when you've got international companies ut

>>> it is 5:00 at cnbc global headquarters here is your five at 5k. the dow, s&p and nasdaq closing at record highs and looking to add more today >>> china pushed the u.s. to drop some tariffs ahead of a potential trade deal we'll have details there >>> uber shares are dropping after the company reports a more than $1 billion quarterly loss >>> tony blair sits down to talk brexit we'll bring you all those comments >>> and opec slashing its outlook for oil deman as it warns for chat evenings of the market "worldwide exchange" begins right now. >> good morning, i'm dominic chu in for brian sullivan today. all three indices in the u.s. look posed to open with new record highs this morning. you can see those moves are starting to add some gains the dow jones will open by about 62, the s&p about 7 and the nasdaq about 27 overall. movement in the yield side as well a slight tick higher in the 10-year note 1.8 and the two-year at 1.60 about 22 basis points separate those two. looking at asia, it was a positive trade very much green across the screen we've se

elizabeth warren ramping up her battle with billionaires and she's turning to cnbc to make the case for taxing wealth walmart may head above amazon. and why you need the stock all that and more as "worldwide exchange" carries on now >> welcome back, thanks for being with us on cnbc. november 14, it is cold outside. warm in here we have a lot of news. let's see if the markets can remain high. futures not indicating any new records today. futures especially at this hour, 5:31 haven't been moving a lot yesterday, the dow and s&p close again at more new record highs the s&p will try for its 21st. want to focus now on asia. particularly on china and hong kong there are potentially interesting and important news there. the hang seng and hong kong, again with protests. now they are starting to be every single day local business has started to be impacted the hang seng starting to be impacted it has been down every day this month. wonky but important. this is the hong kong interbank offered rate this is the rate that banks charge each other. call this the grease on the wheels of the banking sys

>>> it is friday, i'm here at cnbc global headquarters here is your top five at 5:00. putting a rally on hold, maybe stocks looking to end the week on a down note after more record closes futures, they're off 47. no post turkey snooze here numbers already coming in this morning on how much money you probably spent in the last 24 hours. going dark why that photo of that stuffed turkey and your cute nephews you posted on facebook, they had trouble going viral, they had trouble. the cybertruck troll no love for elon musk, grands from pepsi to lego offer their take on tesla's latest creation. it is your question of the day we asked you if you plan to shop in a physical store, go to the store today, and we're revealing the results as "worldwide exchange" begins right now ♪ >>> perfect. good morning, good afternoon, good evening, welcome from wherever in the world you may be watching it is friday, november 29th. hope everybody had a wonderful thanksgiving to the rest of you, i hope you had a good thursday. i'm brian sullivan before we get started into the show, we got a my

and serat sefi serat is a cnbc contributor. folks, let's just talk about where the markets stand right now and where we've been expecting them to be cnbc took a look at 17 strategists and what their equity calls were for the full year and of those 17, 14 of them have numbers that's below where the market is right now. >> what? >> 14 of them have numbers that are below. >> can't believe that. >> we've got almost two months left. >> the experts >> the experts does that mean stocks come down from here to meet their expectations or does that mean the strategists have to raise their numbers? what do you think? >> i think this is all going to be predicated on the trade talk. if things go as planned and there is an agreement, i think they have to raise their numbers. a lot of what's not built in is earnings that can change because of all of the costs we expect will get taken away. then you get some revenue up side too the market is pretty fairly valued if you look at certain sectors like financials, industrials, health care, they're c

make some money because my job is not to entertai but to educate and teach you so call me at 1-800-743-cnbc. or tweet me @jimcramer. embrace technology or die. people always ask why the team spends so much time out in san francisco and the answer is pretty simple frankly. if you want your business to survive in the 21st century you need better tech tech that individualized, tech that tells the story, tech that keeps you current. tech that makes your customers happy. the dow gained 31, s&p inched up 0.05%. i think you need to understand we come out here basically to give technology its due. tech is how good businesses become great ones and take themselveses to the next level how that works, take tonight, we're going to the levi's innovation factory in san francisco where this 166-year-old company has reinvented the way jeans are made later in the show you'll hear from ceo chip byrd how do you make classic jeans without classic dispolioation of the earth. you didn't care where the indigo went, right? those days are gone. you know what else is gone, the year when manufacturers tell you what yo

. >>> welcome back here is your cnbc news update at this hour. the israeli attorney general forming netanyahu in a series of corruption cases calling it a difficult and sad day. he charged him with fraud, breach of trust and accepting bribes in three different scanda scandals it's first time a sitting israeli prime minister has been charged with a crime both men have been implicated in federal bribery and embezzlement scandal. >>> a new jersey based company is recalling nearly 100,000 pounds of salad products that could be contaminated with e. coli they were sold in nearly 40 different varieties of salad kits >>> take a look at this guy. a 9-year-old boy set to become the youngest university graduate next month he is studying electrical engineering in the netherlands he has an iq of 145 and is set to complete his university studies in nine months took him less than a year to do high school. >> whoa. >> that's the news update. amazing. he wants to go to medical. >> 40 iq points difference >> he wants to go to medical school too >>> the last day of

time now for a cnbc news update. let's find out what else is happening outside the world of money and business sue herrera, what's going on >> we have a lot going on. here's what's happening at this hour, everyone jury selection in the roger stone trial hitting a snag a member of the public observing the proceedings had a medical emergency. the courtroom had to be cleared as medics attended to the man to have pooeappeared to have had a seizure. the man is expected to be okay >>> the florida sheriff's deputy is in custody and charged with child abuse after he was caught slamming a student to the ground the incident, as you can see, was captured on camera in september. willard miller was working as a resource officer when he grabbed a 15-year-old girl, slammed her to the ground, before then placing her in handcuffs >>> a record narcotics seizure in georgia u.s. customs and border protection officials showing off a portion of the 2,133 pounds seized of cocaine. it was discovered in a vessel that came into the savannah s

had agreed to a government source told cnbc eunice yoon. that didn't happen in the last ten minutes. she told us that at 6 a.m. not everyone was awake they should be maybe they're not all -- we were talking about up 50 or 60. down 16. so on a percentage basis -- we move around. doesn't take much about china to move us off. >> do you think we're overreacting to every china tweet? >> i don't know, is .3 of a percent overreacting >> i don't mean that >> don't you think i also worry that we are sort of set up for -- if it really did break down -- >> it's not a breakdown, it feels like a reality tv show >> we're getting closer. >> right new this morning, fedex ceo is firing back at "the new york times" over an article about the company's tax bill the paper published an article yesterday on fed ex's taxes. the times reported that between 2017 and 2018 fed ex managed to cult its tax bill from $1.5 million to 0 as the effective tax rate dropped from 34% to zero financial filings show fed ex paid 2 billion in taxes over the previous decade. this cam

it is 5:00 here at cnbc. the dow doing something yesterday it has not done since april 2014 and only the third time in 20 years stocks continue to tick to new record highs show me some of that money president trump railing at the fed over interest rates. will chairman jay powell bite back today next chapter in the impeachment hearings live today with what wall street might expect and clashes in hong kong the force is strong with this one. so are some of the technical glitches a rocky start for disney's new streaming service. "worldwide exchange" begins right now. arguably the best song of the year by luna welcome. i am brian sullivan. it is wednesday, november 13, 2019 futures now are down dow futures are off about 112 points no big news driving that maybe it is impeachment or something else or is that the markets will go higher every day. the nasdaq posting another record high. get this, the dow was literally unchanged yesterday. that is the first time that has happened since april 2014 and only the third ti

a challenging fourth quarter ahead, "new york times" ceo joins us now on a first cnbc interview. mark thompson, thanks for joining us you had a busy day with the deal book conference which we've been following closely. thanks for being here. >> we're very proud of this conference, plenty of news being broken here today. the conference is going well. >> look, we guided to a potentially challenging fourth quart quarter. we did fantastically well a year ago. digital advertising went up a year ago one or two very big deals are not going to repeat in the fourth quarter we've done the deals we've done very similar big deals. they won't appear until 2020 there are reasons for that what i want to say is on the subscription side, now getting on for 77% of the business, we're very excited we're seeing real acceleration in subscriptions as noted in the times this morning and we think there's real further momentum to get out of that model we built already the biggest news subscription business there's ever been, i think we still think we've got real scope to scale even further. >> "new york

so cnbc is taking money from a socialist who then proceeds to bash cnbc's audience. how about that? what market watcher david bahnsen think about all of this? >> as far as them running the ad, at end of the day coverage on most business networks has been pretty antiwar ren. they have more guests come on to bash warren. the type of conversation you and i would have, idealogical, what she represent to the american dream. what the add does continue to added to class warfare message. it is dishonest. uses word billionaire. the wealth tax starts at 950 million. 50 million away from a billion. when was last time they stopped there. if she says 50. it will be 20. my point if they're willing to lie by 95%. they intend to tax all prosperity. it's a bad message for the economy. stuart: nonetheless, i believe elizabeth warren is ahead in some polls. what do you think her chances are of getting the nomination? >> i think it is very good. she has a good chance to win the nomination. she is in the lead in iowa, thereabouts. the lead come down a bit. hold the lead in new hampshire. it is tight. th

>>> it is 5:00 at cnbc and here is your five at 5:00 a friday bounce back wall street trying to regain ground after posting its worse day in two weeks jobs report count down looking for the latest read on us economy after that weak reporting yesterday. and warren versus cooperman. ripping into the top presidential candidate in a new letter and beijing roll out and new salvos in the streaming war this time from apple and netflix. it is friday, november 1 "worldwide exchange" begins right now. ♪ >> good morning, your chart of the day has to be pintrest shares start to sink much more on that stock coming up check out that move off by about 20% at this stage. stock futures open up and the dow jones by about 40. nasdaq up by about 20 as well. the s&p is trying to bounce back from its worse day since october 22 all of this after that key purchasing data. the 10-year note yield 1.69% two-year note 1.53% as well. reaction out of china. nikkei off by. .3% china rose in the fastest pace in europe, we are seeing some of that positivity as well. the german dax up .4%. cac up about .3% back home,

u' wchg quk x" yoreatin"sawbo on cnbc bsolete? at pgim, we see alpha in the trends driving specific sectors of outperformance. where a rising middle class powers a booming auto industry... a leap into the digital era draws youthful populations to mobile banking and e-commerce... trade and 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. 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

at cnbc global headquarters and here is your "five at 5:00." a regard rally in the stock market rolls on after short stints on the sidelines, the buyers are back in business. helping stocks hit some new record highs, some $56 billion worth of new deals being sealed this week alone. talk about a holiday appetite for some deal-making there more progress on trade talks top officials holding yet another key phone call overnight as the december 15th deadline for tariffs looms. and a baba boom! hong kong-listed shares in the chinese e-commerce giant sgi

cnbc is reporting that the combined companies could save more tha$2 billion in penses. most of xerox's $10 billion in annual revenue comes from renting and maintaining large copiers for businesses. often selling printers at a loss while bannngurchases of ink cartridges needs to run the printer. smaller ps and sprinting replies and remainsth one o largest pc makers. hp's 2018 revenue topped $58 billion. so how can xerox afford to buy up the answer is tied to a failed fujio merge with japan's film holdings. fujiji is dropping all billion- suit filed last year when xerox walked away from the deal. investors carl icahn resisted claiming xerox was undervalued in the deem. and expectingo unwin a 57-year-old partnership with worthilm, selling stakes about $2.3 billion. i s what remains and humiliate packard split off the data storage business. packard enterpris in 2015. process in october hp announced plans to lay off up to 9,000 people, about 16% of the workforce. aiming to save $1.0 billion. part of a plan aimed to save a billion-dollars perea companies like hp be, xerox and

>> it is 5:00 at cnbc global headquarters an early christmas present for the markets. new optimism around the phase one china deal bezos fights back over the jedi project that went to microsoft and a new bet for buffett. why ray dalio is warning of a coming capital war between united states and china. >> and taylor shift not shaking it off her feud with two well-known music executives and she is taking it to new heights "worldwide exchange" starts now. >> i've got a feeling we'll be hearing a lot of taylor swift this morning i'm dominic chu in for brian sullivan this morning friday november 15. dow up by about 95 points and nasdaq up about 37 we are on pace for the fourth straight positive week for the dow. yields have come off their highs. 1.85% for the 10-year benchmark wise two-year 1.61% we are watching the difference between two-year and ten-year notes. let's go worldwide the nikkei up baut 7% and the shanghai off and the kospi seeing a big move there. hong kong economy has plunged into the first recession in a decade as violent protests paralyze the city. the sec

cnbc julia boorstin sat down with the ceo bob iger. joins us with the latest julia. >> melissa, that's right dips disney beat revenue and earnings driven by success at the parks and studio the big news is about disney's big bet on streaming with disney plus launching tuesday bob iger announcing in the interview that they have a

remarkable >>> let's get a cnbc news update >>> here's what's happening right now. two men and a woman were fatally shot outside a walmart in duncan, oklahoma two victims were shot inside a car and the third in a parking lot outside the store. police are looking for witnesses now. duncan is about 80 miles south of oklahoma city. >>> defense secretary mark esper meeting with his counterparts from ten asian countries in ban dock esper announced the postponement of military exercises with south korea. >>> more than 800 rear seat passengers who weren't wearing seatbelts were killed last year. th the governor's highway safety association says more than 400 people would have survived if they had been belted of course with ride sharing this is a big deal, riding in the back seat. >>> two pound bags of quest beef cat food are being recalled after samples tested positive for salmonella there's also risk to owners if they're handling the products, especially if they don't wash their hands thoroughly afterwards that's the cnbc news update at this hour. brian. >> got to be care

>> it is 5:00 here at cnbc china responds and what it means for the trade talks. boeing inking another deal at the dubai air show after a crushing call from regulators to redesign an engine component the new numbers behind ali baba's offering. president cook -- maybe. president trump and tim cook meet face-to-face at a plant in austin, texas and carl icahn out with a new bet against some place i bet we all hung out as teenagers. good morning, good afternoon, good evening i'm brian sullivan if there is a president cook some day, you can say you heard it here first. that song as annoying as it is gives us a big theme today that is retail yesterday's slam of home depot and kohl sending shock wave through the world. that one, ouch, urban outfitters down 16% first, let's go to the macromarkets and stock futures are down again they are in the red today. off 1.07 right now technology continues to power on yet another record for the nasdaq and nasdaq 100. the nasdaq 100, if you are not paying attention, please do, it's soaring on pace for the best year in a decade year to

cnbc editor at large, i worked at bloomberg for many years and know him in a professional sense. john, i will start with you. does mike bloomberg have any chance of getting the democratic nomination >> i think it's a small chance, but i've learned over the last couple of election cycles not to take my predictive ability too seriously. it's an experiment mike bloomberg is going to try to skip the first four primaries which are iowa, new hampshire, nevada, south carolina, which traditionally have launched people into the center of the competition. he's going straight to the very large landscape of super tuesday on march 3rd a lot of those are southern states where he doesn't have a natural constituency there's california and massachusetts in there of course there are other massachusetts candidates in the race, so i think it's a very tough go for bloomberg, but he has a lot of money he has a strong record as a business executive he's got a strong record as mayor, whether he can translate that with a lot of ad spending into democratic constituency, i'm skeptical, but i'm not ruling a

i'm joe kernen along with becky quick and we have a cnbc contributor. he is flush at this point. cnbc contributor. >> new york stock exchange. >> that's why i intduced you to come -- i think you can cover your first month of disney with your appearance today. disney plus. >> that and once a week i can get a latte. >> maybe and disney plus all right. u.s. equity futures at this hour are indicated higher again there's been the default position for these pre-market futures for the last month it seems like it's green just has been. yesterday when it started red only came along and ended posi alet's get you caught up on some of the other headlines this morning. small business optimism rose in the mo that monthly index from the national federation of independent business came m at 102.4. that was up 0.6 from september small businesses are still creating jobs, expanding their e will delay a decision on whether to impose tariffs on cars imported from the european union. that's according to e.u. officials who say they have solid indication from the white house t

cnbc's diana olick has a summary. hi, diana. >> hi, wilf. with the big builder stocks, check it off up over 50% year-to-date thanks to lower mortgage rates. and despite that unexpected drop in builder sentiment in november the nahb's confidence index dropped one point to 70, the first fall since last june, but well above a year ago. and anything above 50 is positive anyway. current sales conditions fell two points to 76, buyer traffic, off one point to 53, and sales kpngs expectations rose one point to 77 sentiment and stocks are high because mortgage rates are low back to you guys >> diana, thanks so much mike, we've discussed this quite a few times, but even though the curve has steepened a little bit, that has helped things like the banks, it hasn't steepened so much to help the home builders >> in fact, the ten year is pretty much what it's geared off of, and that has not got escape velocity, down a fair bit in the last couple of weeks i think that's supportive, just a general notion that one of the stronger parts of the landscape is dom

. >> good morning, welcome to "squawk box" here on cnbc. becky quick will be joining us in just a little bit she's got a big exclusive interview with brian cornell something you don't want to miss plus exclusive interview with the ceo of walmart and activision blizzard. we'll talk about that with becky. a quick check on the markets now. before the market ownings, dow looks like it would open down off about 115 points s&p 500 looking to open off about 12 points and the nasdaq looking to open down about 39 points. treasury yields. 10-year note at 1.745. we'll be hearing from the fed a little later today in terms of those minutes. >> hearing from lowes right now. lowes is reporting as we promised $1.41, which is above expectations of $1.35. sales $17.4 billion. that might be slightly below what was your number for sales >> i'm looking at comps right now. it seems like they did a domestic comp of three, which is in line with expectations. >> in sted of total sales. but it still looks like a revenue miss the guidance for the year goes to 5.63 to

this is "the exchange" on cnbc 7 plan 3w4r5 it was sophie's big day. by the way, she's the next mozart. 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. . >>> welcome back to "the exchange." the new york department of financial services is launching an investigation into goldman sachs over allegations of sexist credit decisions pertaining to its apple credit card. one technology entrepreneur said in an expletive-laced tweet thread that despite almost identical financial status, he was awarded a credit line 20 times larger than his wife in response to the allegations, goldman says, quote, we look at an individual's income and an individual's credit worthiness based on these individual factors, it is possible for two family members to receive significantly different credit decisions. we have not and we will not make decisions bossased on

joining us now in a cnbc exclusive for more is jim snee, he's president and ceo of hormel foods. jim, thank you so much for joining us here today. >> thank you, it's great to be with you from the spam museum here in austin, minnesota. >> i have to say, i didn't even know that was a thing. so that's also something you brought to my attention. what was the reason for the quarter today? what really drove the business >> it was a very solid quarter for us as you mentioned, we saw strong business in our refrigerated food segment, our jenny o. turkey store business showed some really strong volume, sales, and earnings growth, really the first time in a number of years. they had some head winds, but it's a business that's got really good momentum heading into 2020, and our grocery products business segment, which is where you would find the iconic brand spam also had a really nice quarter for us additionally, as you mentioned, we announced our 54th consecutive dividend increase and it's the 11th consecutive year that we've had a double-digit increase. we're really proud of that as well

and for all of us here at cnbc, happy veterans day [ applause ] >>> scott, what a wonderful hour on hollowed ground in arlington, virginia welcome, everybody this is "the exchange" and here's what's ahead. the tariff tug of war after trade optimism fueled stocks to new highs, the president saying today he has not agreed to roll back any tariffs we're going to look at where we stand and what investors' next move should be plus, michael bloomberg may be getting ready to jump into the presidential race and president trump says there's nobody he'd rather run against he's already got a nickname for him. what impact could the former mayor have on this race? >>> and the gap can't seem to find its footing as sales sink, the ceo leaves, and the stock craters. can anything save this retail icon we begin today as we so often do with the markets and dom chu. >> tyler, what we have right now is a stable session so far if you look at the dow industrials, off by just about 32 points. even those headlines earlier this morning about president trump saying we actually don't have a trade agreement to roll back

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. >> a little bit of soccer on cnbc i like that. "closing bell" is starting right now and we've got 59 minutes left to trade. i'm here at the gap post today that stock sinking after the surprise news that the ceo is leaving. we'll be discussing that story coming up. as for the broader markets, nasdaq just about set for a record all-time closing high the dow and s&p, though, set to miss out as things stand >> and i'm morgan brennan in for sara eisen let's look at what is driving the action on this friday afternoon. president trump telling reporters he has not agreed to roll back tariffs yet, as part of a phase i deal with china more evidence of consumer strengths today as an early read on sentiment came in ahead of expectations and disney leading the dow today after reporting better than expected earnings ahead of the launch of its streaming service next week. and we have a big interview coming up in just a few minutes. billionaire investor leon cooperman says he will support fellow billionaire michael bloomberg if he runs for presid

both are cnbc contributors things in principal is cool and he's done a lot in new york. has mainstream appeal here but once it happens and you start looking at the details, i'm not sure it flies. jared, you were joe biden's economist. i don't think it is very nice of bloomberg to basically say biden isn't going to do. i can't imagine you are positive about this >> no. i feel much the way you do he has flittrted with the presidency maybe the last 10 years. nice or not, just based on the strategic whole thing. if you are worried about a moderate seeing a path through and maybe beating trump, he gets in and takes votes away. i don't get the logic. i think he's reading the room pretty badly with just another billionaire in the race. even with his experience, it doesn't make sense to me >> elizabeth warren has resonated not with the entire party but where all the energy is, the answer to that is another billionaire? she keeps talking about how billionaires can't be influencing the political process, so you put a billionaire in to run? >> she sent out a tweet saying welcome to

and that's putting it nicely time now for a cnbc news update. let's find out what else is moving right now with sue herera >> hello, everyone here's what's happening at this hour new york city's police commissioner james o'neill is stepping down after three years on the job he will be replaced by chief of detectives demott shay o'neill says he is leaving to take an unpres fied opportunity. >> i came into this job with one mission and that was to fight crime and keep everybody safe. i think that's one mission it might be two missions though. and we did it. you know, we continue to do it >>> too much screen time could lead to learning difficulties in young children researchers at cincinnati's children hospital tested a small group of children between the ages of 3 and 5 years old. they found that those who had more screen time experienced lower expressive language and literacy skills. >>> and a baseball signed by the 1915 world champion boston red sox which includes the signatures of babe ruth is up for auction at leland's. the auction runs for th

is the only executive that responded about the investigation, using the same statement provided to cnbc twice. here's what he had to say. >> the most important message to convey is we firmly bleach past accounting practices and disclosures were entirely appropriate, we have been fully cooperating the past two-and-a-half years on this now we're focused on 2020 and beyond. >> while the investigation that started in 2017 is ongoing, here's what we do know there were three different chief financial officers from 2016 to 2017 and the brand's meteor i can sales growth began to decline in late 2016. earlier this month, they announced that kevin plank would move to executive chairman and brand chief as chief operating officer succeeds him as ceo. this happens january 1st he joined the company in 2017, around the time the accounting investigation did begin. for the quarter, they beat on revenues and earnings. sales down 4%, in line with the company forecast it trimmed full year revenue forecast traffic continues to be an issue and conversion at the direct to consumer channels. jon, back over to

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find your work at careerbuilder.com >>> welcome back to "squawk box" on cnbc. we're live at the nabz market site in times square and just minutes away from the october jobs report. we'll get some final predictions from our jobs panel. kate, what have you got? >> net 43 because of the gm strike. >> jason >> i'm optimistic, 120 despite the gm strike. >> michael >> 75k, including the gm strike. >> okay. joe terranova and i also want to get some wage issues from you. >> the important thing is the unemployment rate. watch the rate that's where the fear on main street comes from. if that's at a trough, that impacts consumer spending if the rate begins to rise. >> okay. mr. liesman? >> i think sub-100,000 is possible but i don't -- i wouldn't read too much into it because you have the strike but also have the census workers >> we're going to be discounting -- >> rick santelli, we've got to get to washington in a second, what do you think, sir >> 109,000 109. >> 109 >> nothing on the unemployment. >> yes, sir. >> and how are you factoring in gm there >> i subtracted ab

in contrast to the euphoria, the bullishness we're talking about at cnbc, ceos have a lot of pessimism for last year. with the election coming up, they think with the expansion in the late innings, they think with potential democratic candidate who might want structural texts and regulatory changes to the u.s. that they are actually pessimistic about growth in 2020. >> what about the sort of underlying differences, hugh, different sectors, industrial versus consumer. >> it's a tail of two industries worlds really. anything to do with services and tech, these are things, anything to do where it's driven by the consumer these are corporations and sectors that are still doing well if you talk to ceos of old economy manufacturing, transportation, business services in some cases, these are people who might tell you they are currently in a recession. >> hugh, thank you very much for joining us hugh son catch the full story be sure to check that out. we're in the first innings of a capitulation trade morgan stanley investment management andrew, thank you so much for joining us you've been loo

welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. and this morning, the u.s. equity futures are basically flat this comes after a big day for the markets across the board yesterday, though. the dow wasup by almost 200 points yesterday, a gain of about 0.7% the s&p was up by 23 points, and then the nasdaq was the big gainer yesterday it was up by 112 points, which is a gain of 1.3%. it was the best day for the nasdaq since october 11th, and it means that all three of the major averages closed at record levels once again. this morning it looks like the dow is indicated down about 8 1/2 points s&p futures down by less than a point. nasdaq is barely lower as well then if you take a look at the treasury market, the ten-year note this morning, looking at yields slightly lower than yesterday at this point. 1.745% >>> as we said at the top of the show, top u.s. and chinese trade negotiators held a phone call last night, according to china's ministry, commerce ministry there. chine

welcome to "squawk box" on cnbc. we are live from the marketsite on times square. you'll see some red arrows now we haven't seen the dow down a few days in a row. futures are down yesterday, the dow was unchanged. the s&p down by about 10.5 you take a look at treasury yields you'll see that right now, it looks like the 10-year is yielding 1.877%. we'll hear from jay powell later today. >> day one of the disney plus era is now in the books. it didn't come without some headaches for customers. disney is blaming high demand for technical glitches some people say they got a message asking them to exit the app and try again. others with service in the apple app store. some say, the consumer demand has exceeded our highest expectations investors appear to well withcoe that this might surprise you. you would have thought disney, disney, disney what was the number one trending one? >> the simpsons. the simpsons >> the same story if you hear from netflix friends is the biggest one they have >> you could see the list. at the top there they are not going to be able to program

toyota let's go places. >>> hi, everyone here's your cnbc news update at this hour. the atomic energy organization of iran released footage showing several linesof centrifuges running in the uranium enrichme enrichment facility. a significant violation of the u.n. deal. they blocked an inspector from a site last week tested positive for explosive nitrates. >>> alexander vindman is on capitol hill to review transcript of his testimony relating to the trump impeachment inquiry. he testified before the house intelligence committee late last month. >>> ivanka trump visiting morocco a three day visit to promote economic empowerment of women in developing countries. sat with female leaders and entrepreneurs at a round table discussion. >>> and it is that time of year, rockefeller center christmas tree is on its way to new york it resides in florida, new york and was cut down there morning and lowered on the back of a truck. it stands 77 feet tall and weighs 14 tons can't wait that's the news update this hour back downtown to you guys. >> imagine having to pass that tree an

>> it is 5:00 at cnbc global headquarters futures treading water s&p and nasdaq lost another round there. a potential deal on tariffs reportedly facing resist tent from within the white house. entering the race. former new york city mayor michael bloomberg is apparently looking to jump into that crowded 2020 field of candidates disney beats the street with earnings days before launching the highly anticipated service shares of gap tank after the company ceo announces his exit it is friday, november 8 and "worldwide exchange" begins right now. ♪ >> good morning, here is how your money and the markets are setting their day up futures pointing to some stability. a slight decline the dow would be up by about 10 points s&p off by about one point and nasdaq off by about 11 treasury yields backing off ever so slightly. 10-year treasury moat yields move to the most in a one-day gain since president trump got elected but seeing a bit of a pull back at 1.9%. two year notes at about 1.7% the knee day in japan about a quarter to the upside. the hang seng is off and the shanghai composite as well w

sso sfls this cnbc program sponsored by sun trust bank, confidence starts here. it was sophie's big day. by the way, she's the next mozart. 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. >>> welcome back we've 43 minutes left of trade and we're down about 80 points on the dow let's get to mike for the market dash board. >> early close but we got a full dash board first take a look at competitive shopping actually a bidding war that warren buffett lofts out on. plenty for everyone perhaps in the video streaming wars at this time around. the market suggesting too many leftovers. this is about commodities seems a bit oversupplied in the world markets pap. and naughty and nice one of the leading sengters of the market not equal in terms of which groups earned their good fortune, let's say this year first of all let's look at tech data this is the k

♪ i have a really good feeling about this. ♪ >>> and welcome back to cnbc i'm brian sullivan here is what's coming up on "the exchange." more on the markets and all these mergers on a big merger monday plus, a big blow for uber in london potentially losing access to its biggest market could mean for the company. then the energy debt threat. a look at the companies most at risk and the potential impact on oil prices and putting a ring on it and buying tiffany a look at who could be getting together in the next retail space deal all of that and more ahead on "the exchange. >>> cnbc partnered with acorn, the investing app called invest in you ready, set, grow our next guest spends his sundays chasing down quarterbacks as a linebacker for the new york jets. brandon copeland also likes to tackle the stock market. he graduated from the wharton school in 2013, teaches a course there in the off-season, and is a member of our wellness financial advisory council and is here in studio. good to see you. straight off of a sunday victory. >> yeah, makes today much easier >> i don't know, maybe you