Plus were also watching jamie dimon. He called out Central Banks saying theyve been, quote, 100 dead wrong. Were keeping an eye on chip stocks, nvidia and amd planning to launch an armed pc chip in 2025. Lets begin with the markets and the industrial earnings parade. Jim, i was trying to think which one of these would interest you the most. Im guessing ge. And it is. What happens is larry culp finished the wind and lets say power business much better than i thought. Therefore, the spinoff will look good. Theres always been concern that that business would be a dud. There was never, ever going to be a growth business. Instead, it seems like it will be the esg business of choice for people. David, anyone who thought lets say the long on money short on time travel situation is over and thinks there is a great aircraft demand, wrong. Ge and rtx proved that the demand for planes is probably as great a secular story out there. Free cash flow as well, they say is going to tend. This is the quote, even better, year over year. Company wide you get a low teens growth of revenue which is not bad and youve got a lot of estimates moving up here. The journey is over in terms of a company that is what it looks like. Its just earnings per share. Its orders. Its terrific. It took culp a long time, by his own admission. But its clean. The stock deserve to be higher. Lets throw in rtx as part of the aerospace trade. It turns out rtx does have a pulse. It is alive and thriving. Thats aerospace and Industrial Defense business. Aerospace is the star of the day, not just ge. Accelerated buyback over there, 10 game. I think were going to hear from hayes this morning. One of the things thats great about greg is he puts his money where his mouth is. He thought it was a travesty the stock lost 30 billion in the 3 billion charge. Hes taking advantage of it. Theres an element of candor to greg hayes that i think other companies, even in aerospace, david, dont really have. Weve always admired or appreciated his candor. Looking forward to speaking to him a bit later in the show as well. Its not as though they still dont have that engine issue. They do. They do. Theyre moving through it. The stock, as you see, got crushed in part on that, but it is now making up for some of that, not quite back to where it was prior, but certainly a good day seems to be in hand for rtx. Verizon was a little better. Were talking about. Verizon, ge, rtx, cocacola. All these stocks will be up this morning. I dont know, 2006. When is the last time you saw that stock up . Verizon, i thought there was a lull in the market, price not allowed to go up. Reverse camelot. 8. 7 yield. Down a little bit today. I have to tell you, carl, these companies are not enterprise software. They are companies that in many cases well get to 3m. Into know youve got 3m. Im not in that hour with mike roman, because i think 3m put together a terrific quarter. Some of these companies were actually cheering for. Did you not want mike roman to do well . I think jim fitterly in the end, dow chemical is not going to be as bad as the headlines were. These companies generate a huge amount of cast. Whats amazing is none of them are falling in the trap, will the fed do this . Im covering my bond short. No, theyre just making money like they used to. Proud of these companies. Interesting. Is it filling the gap x thing for the market . I think it is. Theyre selling at radical low multiples. You speak to James Quincey. Cocacola is one of those companies, how did it get to that low . The answer is theres been multiple shrinkage every day. It may not end but because we have a bond day thats tame, you see how companies can do. Were going to hear from James Quincey also in the 10. Hes a delight. We finally got volume, up two, even with pricing up nine. Hes also got shared take and they still have some supply issues. David, when you make a diet drink and ask James Quincey, how is glp one . He reminds you they make a diet drink. Some of the question is peoples capacity to drink as much as they had previously or im imbibe. People drink. Agree. Theyre not necessarily fattening, so maybe people will continue to drink them and or people who are not having glp ones are not going to be drinking. Katry human beingity, Morgan Stanley said for glp. I missed that. You people people werent storming the wegovy truck . No. Theres still no lilly truck. Man jarreau isnt approved for weight loss. I think this is a day where you dont have to talk about glp1s even though someone did come out and say the hundred billion market. Nvidia and glp, they trade together. Given what bitcoin is doing today, the desks are talking about looking for movement in high momentum lanes like nvidia, like tesla, even coin and bitcoin itself. That would mean everything is going to do well today except for intel. Im not so sure that we should we are oversold. Theres a palpable level of gloom. I think mark mahaney gives you that triple trough amazon story, greatest story ever told kind of thing. I like amazon very much. I like alphabet very much. Other than new core, new core is the only company that didnt do well today. Gm, also, lets not forget. Whats the problem . This giuy shawn fain is in charge. Does he get up and say lets take that one out. Gm does pull their guide. Cfo was on squawk today. Barra says they will delay the evs in the chevy equinox and gmc sierra. These companies are hostage. No one wants to admit theyre hostage because it makes it, if youre on wall street, you say now i know why they sell at five times earnings. Theres this guy named fain and hes more powerful than they are. Losing 200 million in the Third Quarter, 600 million in the Fourth Quarter so far. They keep saying were close. Maybe they are closer. Youd hope theyd be getting closer. That said, in and of itself it was a pretty Strong Quarter from gm. Yes, yes. Im saying, when you speak to a lot of these companies i dont know if were speaking of fitterling today they build a lot of inventory, selling a lot of inventory. What happens when theyre done . You mentioned mentioned yesterday in the conversation we had with mike worth that perhaps theres a diminution in the demand for evs. They still think they have a plan to sell a million beginning in 2025, but they pulled back a bit in terms of timing in ramping to that level. I think its going to take california, carl, to say, all right, were going to make it so there can only be evs in 2032 because right now the ev momentum is definitely stalled, and whats interesting is we always felt it would stall if gasoline if gasoline went up a lot, it would reignite. This is the time when gasoline has gone up and its not reigniting. I dont know. I keep going back to musks call. There was a bit of a cyanide tablet. It was definitely yesterday tesla was down, but its looking up. Gm said its moderating the pace of ev production in north america to in part protect pricing, adjust to slower near term growth in demand. They expect to exit 2025 with annual ev capacity of a million units. You just heard it. Demand apparently is perhaps slowing a bit. If i were running ford, which im not, i would make it so that its time to go hybrid and say, listen, were making a huge commitment to the environment, putting our money toward hybrid. When the battery money comes totally from the government and we know were in charge of batteries, not shawn fain, until then were going to go all in hybrid which is incredibly lucrative. That would be my my travel tuft owns ford and im not going to be boeing in this one. Some of the wires suggested gm was moving toward a tentative agreement with the union. Mary barra did talk about the most recent offer on the conference call. The current offer is the most significant gm has ever proposed to the uaw. They demanded a record traffic. Thats exactly what weve offered for weeks now, a historic contract with record wages that have increases that are ub stanl, record job security and worldclass health care. Its an offer that rewards our team members but does not put the company and their jobs at risk. Accepting unsustainably high costs would put our future and the gm team job members job at risk is something i will not do. By the end of the Contract Offer the majority would make 40. 39 an hour, roughly 84 grand a year. Fords proposal, i can see it adds up to 100,000 a year. 100,000 should everybody make a lot of money . Absolutely. Shawn fain, some news reports say hes making up to 400,000. Thats okay, too. Given the fact, david, ceos this is where Ronald Reagan was unbelievably good. He also said the issue in the american corporate background is that the workers make so much less than the ceos. In that sense i dont want to be too hard on feign. He did famously the air Traffic Controllers strike, remember . That was a moment. He also was the voice over for 20 mule team borax. Im just saying irrelevant facts. If you go over and speak to senator warren of massachusetts, she will remind you and read you a speech that sounds like senator warren but was Ronald Reagan the gap between ceo pay and worker pay is not talked about enough. Given this parade of earnings today as the shares of gm perhaps turning down, nonetheless, robert humm. Hes good. Yeah, he is good. Hes citing cocacola, Sherwin Williams, kimberly clark, all in part benefiting from price hikes that seem to be sticking, even 3m said higher selling prices were a factor in that strong performs. Cocacola the most. Is there going to be any sort of a reevaluation in terms of the Broader Market given the earnings were getting. I think Procter Gamble is the only company that says our brand is powerful enough. Today we didnt get that. We have a lot of companies saying we can put through inflationary. In the end, the raw costs arent going up. Its more individual different some labor situations and fuel. Fuel is a bummer. Thats an impressive premarket chart there. Look at those companies. My father loved those companies, except for rtx. Statistically irrelevant index. Collins. Remember he said beach front property . His is very quotable. Plenty more where that came from. First lets get to the meefrt this morning. Hamas, as you may know, has released two more hostages and the u. S. Is advising israel to delay a Ground Invasion of gaza. Nbcs jay gray is live this morning once again from tel aviv. Good morning, jay. Good morning, carl. We heard from one of the hostages, an 85yearold grandmother 24 hours after she was released. We saw her shaking hands with her captors before being turned over to israeli soldiers. When she talked about her time in captivity, here is what she said. She said she was treated well, given food, water and medicine. She did say she saw the network of tunnels in gaza, described them as spider webs and then questioned why the Israeli Defense forces didnt take more seriously warnings three weeks before the attacks. She said there was evidence and there was talk about these attacks and she doesnt understand why there werent Israeli Defense teams in place and ready for what happened. So like a lot of people in israel, theyre asking how and why october 7th happened. We know that as far as the hostages are concerned right now, the idf is, we are told, working through multiple channels of communication right now. That means whatsapp, telegram, signally encrypted Message Services and sending messages to residents in gaza saying they will provide compensation for information about the hostages, how they are doing, whats going on in gaza. They are clearly reaching out to those inside gaza saying theyll protect them, theyll pay them for any Key Information there. Lets talk a little bit about aid. The ministry of health in gaza saying, and im quoting here, theres a complete collapse of Health Systems in hospital of the gaza strip. Theyre saying the hospitals are falling apart. Theyre saying there is no fuel and no fuel has been brought in. We know to this point 54 trucks of aid in the last three days have crossed the border crossing. The concern is thats not nearly enough according to the u. N. About 4 of what they normally see daily moving into gaza before the war. As for those hospitals, the ones that are still open, maybe a day of fuel left, carl. Jay, well come back to you obviously often this morning and try to get a sense of whats happening there on this tuesday. Jay gray in tell veitch. When we come back, jamie dimons harsh words forCentral Banks. Well get to dana her, pulte, draftkings when we come back. 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Heres why you should switch fo to duckduckgo on all your devie duckduckgo comes with a builtn engine like google, but its pi and doesnt spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. And theres no catch. Its fre. We make money from ads, but they dont follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. Im cautious. I dont think it makes a piece of difference where rates go up 25 basis points or more. Zero, none, nada. I think if the whole curve goes up i want to point out the Central Banks 18 months ago were 100 dead wrong. Maybe theres humility about financial forecast. I would be quite cautious about what might happen next year. Thats jamie dimon speaking out about the fed and Central Banks during a Panel Discussion in riyadh earlier today where we heard from David Solomon and others. I dont think theres anything wrong with jamie calling the Central Banks out, but i do think the yield curve he could have called out. The yield curve is wrong. Jamie speaks his mind and its refreshing. I think a lot of people in the Central Bank Business looked at the yield curve and made some decisions based on it. The yield curve has barely been as dead wrong as it is. Short rates much higher than long rates, so lets be careful. I dont understand the callout as much as, well, look at the banks balance sheets. Look at bank of america. Theyre going to be fine. A lot of guys got it wrong. People want to talk about bank of america a lot for a lot of reasons. Nobody thinks bank of america is in any danger of any kind. Although their Net Interest Margin could get pressure yes. So much of a longer end they put on so much lower interest rates. You think jay powell is not a humble guy . Everyone has humility. A lot of guys got it wrong. Im just saying whether you got it wrong us and ford. Done with criticism. Okay. Do you agree with the possibility that we could be 100 basis points higher across the curve . I do. I think the 30year, unless they cut rates, the 30year should go to 6 . I still dont understand given the risk of 30year the risk of 30 days. The risk of 30year is still not reflected in the 5015. The 20year is one nobody ever quotes. I know i called out jamie where this is one of the most perilous times in decades. Im not calling him out on the idea that rates go higher. He was a gloomster. Hes a roll up your sleeves guy. Since hurricane has been in the mix. I think he also believes he may be underestimating geopolitical risk. He said that a number of times as well. He can decide that by deciding to run for president. See if that happens. Hes said previously while he would like the job, he would never run for it. Well, is it jamie morgan or is it jamie dimon . At this point its kind of merged. The third. Jamie morgan iii. Well get cramers mad dash, countdown to the opening bell, take a look at the premarket. Well get to other names as well as the dow is the vixx still a teenager. Dont go anywhere. Prime target for cyberattacks. But the same aipowered security that protects all of google also defends these services for everyone who lives here. Icy hot. Ice works fast. Heat makes it last. Feel the power of contrast therapy. So you can rise from pain. Icy hot. Your shipping manager left to find themself. leaving you lost. You need to hire. I need indeed. Indeed you do. Indeed instant match instantly delivers quality candidates matching your job description. Visit indeed. Com hire rtx up almost 25 . Accelerated buyback and, of course, greg hayes coming up in a few minutes here on cnbc. Futures ilsostl lid on this tuesday. Were just getting started. Dont go away. Every day, businesses everywhere are asking is it possible . With comcast business. It is. 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