After the biggest quarterly drop in profit. And paribas sees a rise in income as trading revenue dries up and israel continues strikes on the gaza strip with Prime MinisterBenjamin Netanyahu warning the military is stepping up preparations for a ground assault. Good morning warm welcome to street signs. It is risk off in europe after the brutal day of selling on wall street which saw nasdaq plunge dropping more than 2. 4 the worst trading day since february that set the tone for selling in europe this morning. The negative sentiment stateside spilling into europe we are seeing heavy losses in the auto sector in europe driven by mercedesbenz and volvo also in the banking sector, Standard Charter dropping double digit at the open after the profit miss. We will detail all those stories for you. Those are the headlines for you and the sentiment dominating the market which negative. Ftse 100 is down. 80 . We are seeing a pullback with cac 40 down o. 70 this coincides with the rise in bond yields. We are seeing rates continuing today. You see what the split looks like in europe i mentioned the banks. We hope to get a board for knew a moment we have the banks and auto sector plunging. Lets detail Standard Charter. Third quarter profit before taxes is 2 lower at 1. 3 billion. You see here the uk listing is down 11 in asia the stock down 11 as well the cfo remains optimistic on the outlook for whine. We are seeing a slower recovery postcovid in some countries, but a Huge Population to mobile a sector the next two to three years is back up to 5 for china. Most countries would be happy to have that growth level we are of the view this is the period we need to go through and we will stick with it as the economy gets going revenues at bnp rose 4 in the Third Quarter despite revenues falling 14 as the french lender hailed the model shares down 4 this morning. Charlotte spoke to the cfo and asked if he was concerned of the ecbs additional scrutiny on property lines. Our interest is in the european issues. The other areas are not exposed to that. It is less than 4 of the total growth commitment. From that exposure, that is limited. We do have a real estate activity that is doing construction and maintenance we see less demand it is not a cost of risk, but revenues that will be delayed. It is not a concern. It is something we monitor closely. By being in europe and small tickets for us, it is a point of no specific concern. Julianna, do you remember we had a banking analyst come on a month ago from Jpmorgan Chase and he was saying the easy days, the nim nirvana days are coming to an end. Lots of disappointments in the last few days. Especially honing in on the uk banks. See disappointment on guidance and lending activity and on capital returns if you drill deeper into what Standard Charter said today, there are a few things that the market is picking up today a little bit of rise in provisions based on the commercial real estate in china. The macro is beginning to have impact there when you look at the economy the last couple days, the macro, the uk macro, is beginning to bite because there are elements of a slowdown in lending which led them to not give further detail on the capital return plans. Thats why the stock is down 10 today. Your point about reaching and passing the nirvana is an important one. I think about the politics in the uk and the pressure the uk government and bank of england san ped is to bring down inflation they are trying to pass on higher Interest Rates. I suppose that is not a major surprise. It also is telling just looking at how massively the uk banks have under performed even the european banks in the last couple days we saw the likes of Deutsche Bank produce earnings better than expected. Surprised to the upside with the capital buyback plans. Unicredit as well. It is the eurozone banks doing better than the uk banks that is an interesting trend. I think taking a step back and looking at markets Standard Chartered is a major issue to the downside. The brutal selling on wall street yesterday which seems like that was sparked by the disappointing relative to expectations from alphabet to my mind, this shows how demanding valuations on the tech sector are and the driver of the tech sector relative to the macro data it is not just the Bank Earnings and tech, but very much focused on auto as well. Lets bring the data from germany. Volkswagen has posted Third Quarter operating profit of 4. 9 billion euro that is up 14 which the carmaker said lagged behind the target it confirmed the outlook it is issued earlier this were. Week. Shares of mercedesbenz had ebit falling 7 the company now expects adjusted return on car sales to come in at the lower end of the forecast between 12 to 14 s they slashed the guidance today and mercedesbenz is down 5 volkswagen cars posted a 75 jump of operating profit which came in at 6. 1 billion swedish krona. Earlier today, squawk box did hear from volvo and mercedesbenz ceos who expressed uncertainty. Gdp rates are running lower end everywhere in the world. Definitely the Interest Rates is higher for longer which has an impact for financing costs it is the inflation level at the higher level you can see in the q3 numbers and outlook for the remainder of the year, we expect higher level of supply chain cost all of that, i mean, we have to deal with and fight it there will be some level of head headwind you need to face. That is why we are building resilience into the business that with the covid pandemic which no one saw which was disruptive and the shortages and the war in ukraine and the Raw Material Prices and now weve got the conflict in the middle east you have a terrible humanitarian issue which we hope can be resolved quickly it is another headwind lets zoom out and take a complete picture of autos. All of them trading down bmw is down 4 stellantis is down 1 . Renault is down 2. 6 it is a tough time for the banks sorry, the automakers. We have a little bit more news mercedesbenz and volkswagen volkswagen warned this week. Not a huge amount from vw this morning. They cut profit margin jutoutlo for the year raw material hedges. Pe mercedesbenz is more telling what have is hitting the auto sector they are seeing weaker demand or growing competition for electric vehicles i think one of the factors which is weighing on the auto sector is lg energy, the battery suppliers said ev demand could be lower than expectations maybe elon musk saying high Interest Rates are starting to hit demand for the electric vehicles. Again, going into the earnings season, we were very much concerned about what the micro signals were going to be from the individual companies. It is clear now specifically within germany that the macro is also beginning to show up. We keep reading about the data and demand outlook is weak that impacts the export industries and that is automakers that demand is weak, but when it comes to electric vehicles, the european automakers are running behind they see competition from u. S. And china. This is a major theme for europe when you think about the strategic issues, one is how to keep up in the environment where they are falling behind. Now you see it show up in the micro earnings with mercedesbenz actually reducing their margin guidance for the year it is not just about today, but also about the coming years. That is a really important issue to tie to the macro. Lets look at wall street and how things closed yet. We mentioned the selling in europe is no doubt tied to the h heavy selloff. 2. 4 lower for the nasdaq. Alphabet shares plunged 9 in the worst selloff since march of 2020 here is a close her look at the u. S. Session alphabet down 10 . Nvidia took a heavy hit down 4. 3 meta closed down 4 . The results delivered after the bell i want to detail for you or hand it over to joumanna to detail what we heard from meta. Meta shares are lower in extended trade as concerns over Current Quarter ad spending caused issues in the Third Quarter. Shares fell 4 as the social media giant said the Revenue Growth fell 23 for the quarter. The margin beat as the Company Continues the year of efficiency the stock moved lower after the cfo said meta is seeing softer ad spending in the wake of the israelhamas conflict with the Company Giving wider range for the revenue outlook below expec expectations Mark Zuckerberg said meta will keep cutting costs. We will continue to focus on operate fefficiently Going Forward because it enables a lean culture and provides stability to see the issues through in this volatility world. A. I. Will be our base investment area arjun joins us now. I was surprised to see the surprise action in meta. I thought the results they posted were decent with the pull back we are seeing in markets, particularly in the nasdaq, they were not immune to t that meta had a 150 runup this year any sign of weakness and the stock will go down it was a good report card. Headline results beat. Revenue up 23 year over year. Mark zuckerbergs year of efficiency also paying dividends. Net income up 160 operating margins up 40 highest in two years the core ad business is strong as well. There were positives signs with reels and threads. The guidance of the Current Quarter upset investors and that was the weakness in the armor of meta it was about the guidance and the midpoint was below estimates. Susan lee talked about softer ad spend. That spooked investors they needed a strong prind. What is your take could amazon turn things around today . We had the negativity from alphabet and then we heard worries of guidance from meta. It is not just about q3, but investors looking forward thinking is tech as resilient as we thought nasdaq has done well this year there are questions over the runup in the current high Interest Rate environment and a bit of concern of valuations i think those small signs of weakness were enough to shake the confidence of investors. That is what we are seeing now will amazon help very much depends what they do and how they signal the theme of the tech earnings. They are expected to see 11 rise in revenue. The fastest growth in three quarters the market is expecting to see a bottom here for aws. The Cloud Business after the several quarters of cutting spend on cloud if there is a signal off the bottom and amazon is signaling growth, that will be a positive. Advertising is a big talking point for amazon 11 billion business expected this quarter again, if that shows signs of acceleration, that will be positive it is all how they guide on the rec recovery q3 may have been the bottom, but do we see what happens with the market Going Forward with the pace of growth rammping up. Arjun, thank you. You can follow us on x if you want to get involved on the conversation and questions we should put to the reporters, im cnbcjoumanna. Lebanon coming into focus into the conflict between israel and hamas could spill into the country. We will eawispk th samy germal after this break ad a blendjet. Blendjet . Its the portable blender that makes the healthy choice the most convenient choice. I dont know. It seems like a hassle. Hahaha wrong. Just pour in some milk, add some frozen fruit, and bam youve got a nutritious and delicious smoothie. Mmm that is good. Youre welcome, sad office guy. Get yours today at blendjet. Com are we in in an ad . We sure are. Hi. Im Wolfgang Puck when i started my online store Wolfgang Puck home i knew there would be a lot of orders to fill and i wanted them to ship out fast thats why i chose Shipstation Shipstation helps manage orders reduce shipping costs and print out shipping labels its my secret ingredient shipstation the number 1 choice of Online Sellers and Wolfgang Puck go to shipstation. Com tv and get 2 months free welcome back to street signs. Israel Defense Forces performed an overnight offensive in gaza u. S. President joe biden called on israel to follow the rules of war as the death toll continues to rise. Hamas does not represent the vast majority of the Palestinian People ha mas is hiding behind civilians. This also puts an added burden on israel while they go after hamas. That does not lessen the need to operate and align with the laws of war and the head of hezbollah has met with the deputy lead of hamas. The meeting focused on the resistance for the gaza and palestinian. This conflict could spill out into the wider region including lebanon. Im happy to say samy gemayel, the lebanon kataeb is joining me it is a stressing time for the region one concern as we look important the images of what is happening with israel and palestinian is that the war will spread to lebanon. A new Southern Front will open up via hezbollah in the southern most tip of lebanon. You are in a unique position to actually give us perspective on what lawmakers saying on the gro ground give us an overview of the types of discussions you are having right now and lebanons preparedness should the war be expanded to the country. First of all, we have to understand that lebanon has no say in what is happening today it is hezbollah. Hezbollah has taken lebanon hoss t hostage. We are actually waiting to see what is the strategy of iran to know what will happen with our country which is a tragedy the lebanese people feel helpless about the situation today because we are trapped and we are hostages of an armed militia. We are waiting to see what is happening with hezbollah in the conflict. Samy, is there anyone who can restrain hezbollah there has been exchange of fire at the border. I believe 40 hezbollah fighters have been killed already we are not seeing escalation beyond the socalled blue lines. Iran has said if israel were to go for a ground invasion, that would be a red line. In which case you may see retaliation and fullblown escalation from hezbollah. Is Anyone Around who can restrain them be it within lebanon or International Community . First of all, we have to understand that irans interests come first first of any other issue including hamas and hezbollah. Irans objective is to expand power and influence and become a regional and international power. This is the interest of iran we believe that today both sides, israel and hezbollah, have no interest in getting the spillover of the conflict. Iran wants to preserve its power in the region. They dont want to harm hezbollah. Israel wants to open another front. This is why things are being kept at bay on the Northern Borders with israel. This is why we believe that for now there is no interest in the spillo out this could change any moment with if iran changes strategy or we fear lebanon could be pressured into the war the only way to get out of this is pressure iran iran is training hamas and giving weapons and missiles to hamas. Iran is the main player. If we want to stop the spillout, the pressure should be from the International Community on iran. Samy, this is also coming at the time of unease and very dire Economic Situation the trust in the political system, as you know, is at an alltime low how high would bestakes be for lebanon and for lebanese civilians if lebanon were to enter into the conflict . Actually, lebanon is drowning under the biggest crisis of the history of human kind. Not only history of lebanon. We are in a huge crisis and people are getting poorer every day. This is why an attack on lebanon can destroy whats left of this country and it would be very difficult for us to stand up again if we have to be dragged into this war. Yes, there are huge stakes here and we really fear that hezbollah, because hezbollah dont have the interests of lebanon at heart, but only the interest of iran influence of the region at heart and hezbollah could be dragged to open the front and drag lebanon into this big tragedy in the region yes, we are very fearful of the situation and i hope that people will listen, International Community will listen to us as lebanese opposition. We already issued a common statement asking for the International Community to protect lebanon and asking hezbollah not to drag us in this war and to accept the supremacy of the state of the decision of war and peace. It is the lebanese government which should be deciding and Lebanese Parliament that should be deciding and not hezbollah. This is what is at stake today i hope that lebanon will not be dragged in this huge conflict. Samy, good morning. Julianna here in london. Your message to the International Community on focusing efforts on iran came through clearly. I wonder if you have a message for President Biden who made it a priority to show face in israel and stand with Benjamin Netanyahu, but moving forward is there a stick war the u. S. Can play here . We believe the United States should have if we really want to talk about the interests of the region should have two objectives the first objective is to find a settlement of the palestinianisraeli issue which has been dragging for the past 75 years this is the first thing we should do is find a final solution based on the International Resolutions of the u. N. That clearly states that the right of the palestinians to have a state of their own and to be able to live alongside with israel without having this eternal conflict this is the first thing which is to go ahead with the Peace Process and the implementation of the International Resolutions. Secondly is to find a way to stop iran from funding its proxies in the region and destabilizing the region and creating chaos in the region, including hezbollah or hamas or iraq or in syria through the allies of iran that are supporting bashar al assad, the dictator who killed his own people these are the two issues in the middle east today. If we managed to solve these two issues, i think we will have a region that can prosper and be a real asset for the World Economic growth. I think the middle east would be at peace after all these years of tragedy we know we deserve that peace. Samy, thank you. Samy gemayel, leader of the Lebanon Kataeb Party coming up on street signs, is the ecb waiting to pause the long awaited rate hiking cycle well discuss next blendjets halloween sale is back from the dead. Take advantage of spine chilling savings. Blendjet 2 gives you monstrous power for a delicious smoothie, shake, or frappe anytime, anywhere. Cleaning blendjet 2 is scary easy. Just blend water with a drop of soap. Recharge quickly with any usb port. Boogie on over to blendjet. Com and order yours today. Welcome back to street signs. Im Julianna Tatelbaum and im Joumanna Bercetche and these are your headlines. Shares of Standard Chartered falling to the biggest level since 1988 the eurozone sees bnp trading higher. And u. S. Automakers are seeing a selloff and Third Quarter disappointing earnings drive a stalledo outlook. Wall street is tracking lower and futures are pointing to more selling ahead thanks to metas uncertain outlook. And israel eyes the gaza strip and Benjamin Netanyahu is warning of the increase li likelihood of a ground assault were about an hour into the european trading session stocks have been sinking this morning at the open. Dax down 1. 2 . We were down 1. 4 at the start of trade today following a selloff on wall street earnings are in focus in europe and a number of misses auto sector in focus and Standard Chartered sinking after the profit miss. A lot of nerves in the stock market today we saw rates selloff yesterday in the bond market which is part of the reason for the selloff in equities i mentioned the brutal day in the u. S. Tech stocks with the selling yesterday. Nasdaq dropping 2. 4 it looks like the under performance will continue today as investors review meta earnings which came through after hours yesterday. Ad fears nasdaq poised to drop 130 points today. We got through 35 minutes of the show and we have not mentioned ecb once how is that possible the ecb is widely expected to leave Interest Rates unchanged the meeting later today. The move comes after ten consecutive rate increases annette joins us from athens this time today. Reporter indeed. Im in athens. It is the first time in years that the ecb is holding the meeting here in athens we had the s p upgrade the rating to investment greade, but to give the economists a chance to review. Im joined by the chief economist here at the bank in athens thank you for joining us. Thank you for inviting me reporter the ecb is meeting here for the first time in many years. What is the expectation of Monetary Policy . You are right i think the concerns are no action from the ecb not only today, but for many months in the future i think it is very important for ecb to give some kind of indication about the terminal rate and where Interest Rates end up because the european economy is losing momentum very fast there is a danger that over the coming quarters, the european economy will slide into recession or will remain in stagnation environment it is a tricky outcome for the ecbnegotiate we need to see where we end up lower for longer which is what we had before the pandemic or we are into a higher for longer period which is what many people believe. Lets look at the next move some expect the ecb might hike next year. What are your expectations is the next move a cut or hike i think the bar for ecb to raise rates is very high i think we will need to see another demand sorry, supply driven environment in the middle east, that will cause ecb to raise rates all other indicators are pointing to lower levels of Economic Activity. If you look at the pmi and Banking Survey and credit growth, everything points to lower levels of Economic Activity if the if there is not a new environment, that means inflation will decline we will see ecb cutting rates in 2024 if that happens. You say the best outcome is the recession. That is an opportunity for the economy to reset if we have recession, that means the Economic Activity will decline and employment will increase at the same time, inflation will decelerate faster toward ecb target of 2 that will give the opportunity for ecb to cut rates faster and sooner than what we expect that will be a beginning of the cycle for the european economy on stagflation outcome, the situation is tricky to negotiate. You get lower levels of Economic Activity, but at the same time, inflation because of supply side remains high that constraints the ecb in the ability to cut rates stagflation means we do not like that environment lets talk about the Greek Economy. The Greek Economy goes through a huge transformation since the debt crisis. Where do we stand now and how important is the rating change from the s p . The Greek Economy can dec decouple in the second quarter, greek gdp grew 2. 7 versus the euro area this is on the back of the positive fiscal policy in greece right now. First, the big game changer for the Greek Economy was the recovery the rrf has committed funds around 32 billion or 19 of greek gdp to be absorbed into the Greek Economy over the next flee three years sdp how can you make sure the money is invested right way . There is close monitoring after learning the list olessonm the past there are specifics they have to do with the Greek Economy and zero emissions economy the cyclical economy with the realization and the Public Sector there is close monitoring and it is targeted toward sectors of the Greek Economy. Greece has an advantage. It will be a huge transformation i think by 2030, greece has a reasonable chance to be exporter of electricity that will be a huge game changer. Thank you so much. Thank you reporter guys, im sending it back over to you. Later, as always, im going to join you for the second session. We look forward to it, annette. I hope you get some sun before the meeting kicks off. You can check out her article on cnbc. Com she has been busy there in athens on a programming note, annette flagged it well. You can join us this afternoon for ecb decision time. Our coverage kicks off at 14 00 cet. The weeks long deadlock in d. C. Has copme to an end with mike johnson being elected as the 56th speaker of the house. The vote fell along party lines receiving 220 votes to m majority leader Hakeem Jeffries 209. Alice barr has the latest. Reporter a break in the logjam at last as House Republicans unite to elect a new speaker. Mike johnson of louisiana. The challenge before us is great. The time for action is now i will not let you down. Reporter the decision that fell entirely along party lines means the house can move ahead with urgent business after three weeks of speakerless paralysis. Speaker johnson was elected in 2016 to congress and fifth ranked in house gop leadership he is the least experienced speaker in modern history, but is well liked among his republican coalllecolleagues. He has united for all members to speak clearly on behalf of the american people. A friend to all and enemy to none reporter some torpedoed the runs of three previous representatives. He is smart reporter democrats who all voted for Hakeem Jeffries criticized johnson as an architect of mr. Trumps legal efforts to overturn the 2020 election. House democrats believe when members of the body voted to reject the results of the 2020 election, they forfeited the ability to lead this Chamber Reporter speaker johnson faces the true work of governing with pressing issues on the line, funding for israel and ukraine. He opposed the latter and a race to prevent the Government Shutdown next month. Speaker johnson talked about restoring the American Trust in congress promising to stand for integrity and a good steward of taxpayer dollars he sent a message to enemies of freedom around the world saying the peoples house is back in business from capitol hill, alice barr, nbc news. Coming up on street signs, we will hear from the ceo of eutelsat next. Started in 2016 i would go to the post office and literally fill out each persons name on a label and now with shipstation we are shipping 500 beauty boxes a month it takes less than 5 minutes for me to get all of my labels and get beauty in the hands of women who are battling cancer so much quicker shipstation the 1 choice of Online Sellers go to shipstation. Com tv and get 2 months free this halloween, trick or treat yourself to the blendjet 2 portable blender. Its to die for. Blendjet 2 gives you monstrous power for a delicious smoothie, shake, or frappe anytime, anywhere. Cleaning blendjet 2 is scary easy. Just blend water with a drop of soap. Recharge quickly with any usb port. Boogie on over to blendjet. Com and order yours today. Is it possible my network could take my business to the next level . It is with comcast business. Powering all your devices with gigspeed wifi. And you get fast downloads and uploads. Pick it up pick it up oh we got this because its powered by the next generation 10g network. More speed for your business . Its not just possible. Its happening. Get started for 59. 99 a month for 12 months. Plus, ask how to get an 800 prepaid card with a qualifying internet bundle. Comcast business, powering possibilities. Satellite operator eutelsat confirmed its financial objectives to give us detail on the latest trading period, eva berneke, ceo of eutelsa it is here operating revenue is down, but up on a sequential basis double digit global in mobile conne connectivity the stock is holding up well how do you characterize the quarter . This is the last quarter as we report on a eutelsat in the form the decent quarter where we report guidance. A deseptcent quarter this time eva, can you give us more information on the video video was down 10 what are the headwinds popping up there and what clarity do you have when the headwinds could subside . It is clear we have two Business Units one is connectivity which is holding up well and well get back to that the video, the broadcasting business, is in structural decline. The way people watch tv today is more frequently over ip. The video and broadcasting market is a market that is in decline. Eutelsat delivers broadcasting video is facing a market which is in decline. On top of that, we also have a few headwinds given last year we implemented sanctions related to russia and other areas which meant we simply had to take out quite a few of the channels that were sanctioned and that comes from the top line. The come bination gives us h headwind in the video unit. It is no surprise it is your biggest vertical segment. I understand that is the reason you struck the deal around with oneweb to compete with elon musks starlink to offset the growth you are facing in video and in other parts of the d industry why was oneweb a perfect partner . What can we expect in terms of monetizing the deal moving forward . You are right the video market and broadcasting market is in decline for all operators. All satellite operators are providing Broadband Connectivity via satellite. That is something we do both in eutelsat and implemented the sd strategy and focused on connectivity that doesnt mean throwing away video and broadcasting it will last for years to come it is not a market that will come back in growth. On the other hand, connectivity via satellite, is in strong growth we expect to triple growth in the next several years is connectivity over the lower orbit. What you call loworbit connectivity which is what elon musk is providing is in strong growth that is where oneweb comes into the equation with the acquisition of oneweb, eutelsat becomes the only other operator that is starting which is operational with loworbit connectivity what wite do is slightly different. We are providing connectivity with multiple orbits, with lowearth orbit and also connectivity via the dual station satellite space. By relying on both networks, we think we will have a better product. Eva, let me round up the discussion with the demanded picture and what it looks like from the key customers i know we can include others, but what does it look like for you . Let me start with the market where we see the most dynamic and you see that in our numbers which is the Mobility Market maritime or air ability, that is a market with the dot of activity people expect to be connected everywhere with mobile on sea or in air that is a strong area right now. Government services has been a big satellite consumer especially for military services, but nonmilitary services that is a segment where we see interest and not necessarily for very happy reasons, but all of the Geopolitical Uncertainty and it points to a dynamic government segment and also fixed broadband where telco is using satellites for the last sense of connectivity where 5g or fiber will not reach. That is what we are leveraging capacity to get 5g and fiber we are seeing that on the telco. Ac across the segments, we see a Strong Demand picture on connectivity eva, we will leave it there thank you for joining us today interesting day for earnings and hear your perspective on that oneweb transaction eva berneke. Lets turn to markets now with the moves in the markets today with the risk off. Micro stories as we talked about early on the show. Banks in focus standard charrtered opened down. A lot of focus in the dax on the automakers with mercedesbenz down more than 5 and volkswagen seeing a steep decline ought he ou turning to the u. S we are looking at the tech sector in detail today it was the brunt of the selloff yesterday. Nasdaq looking to open down 135 points amazon is top of the agenda today. They are delivering earnings after the closing bell we will have the key focus for investors. Keep an eye on the Treasury Curve with rates selling off yields rising across the board this morning, a bit of relief with the 30year yield trading above of mark. M lina tatelbaum. Im Joumanna Bercetche. Worldwide exchange is coming up next. In the right amounts, thats all it is. Its so simple and it works. Golo was the smartest thing i ever did. Meet the portable blender we can barely keep in stock. Blendjet 2 gives you icecrushing, big blender power onthego. So you can blend up a mouthwatering smoothie, protein shake, or latte wherever you are recharge quickly with any usb port. Best of all, it even cleans itself just blend water with a drop of soap. What are you waiting for . Order yours now from blendjet. Com before they sell out again shipstation saves us so much time it makes it really easy and seamless pick an order print everything you need slap the label on ito the box and its ready to go our cost for shipping, were cut in half just like that go to shipstation tv and get 2 months free ah, these bills are crazy. She has no idea shes sitting on a goldmine. Well she doesnt know that if she owns a Life Insurance policy of 100,000 or more she can sell all or part of it to coventry for cash. Even a term policy. Even a term policy . Even a term policy find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. It is 5 00 a. M. Here at cnbc global headquarters. Here is your five 5. The tech wreck set to continue with the nasdaq moving lower. And is Meta Platforms echoing snaps over the ad uncertainty. A sigh of relief and breaking news as ford and uaw reach a tentative deal to end the strike. Plus, uncertainty on capitol hill as investors gauge the impact of the new house speaker. One of the most inexperienced in