Nov 3, 2026 — CNBC: Bill Ackman says he doesn't see 'roaring 1920s' comparison
CNBC’s “Squawk Box” discussed Pershing Square's third-quarter results, midterm elections, market outlook, the tech trade and AI with Bill Ackman.
What happened
CNBC reported on Nov 3, 08:49 UTC that Bill Ackman spoke with the network’s “Squawk Box” team. The segment discussed Pershing Square's third-quarter results and covered the midterm elections, market outlook, the tech trade and AI.
CNBC identified Bill Ackman as CEO of Pershing Square and placed those topics at the center of the conversation on the program.
Indices market context
As of Nov 3, 18:00 UTC, indices and related ETFs were mixed. The SPY ETF rose 0.48% from the prior close to $755.71. The QQQ ETF rose 0.87% from the prior close to $687.04. The DIA ETF fell 0.37% from the prior close to $517.42. The IWM ETF rose 0.56% from the prior close to $280.70. The EWG ETF fell 0.14% from the prior close to $42.10. The EWU ETF fell 1.50% from the prior close to $47.31. The EWJ ETF rose 0.08% from the prior close to $92.91. The VIXY ETF fell 1.41% from the prior close to $18.17.
| Instrument | Last | Change | Basis | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $755.71 | +0.48% | vs prior close | Nov 3, 18:00 UTC | Finnhub |
| Nasdaq 100 (via QQQ ETF) | $687.04 | +0.87% | vs prior close | Nov 3, 18:00 UTC | Finnhub |
| Dow Jones Industrial Average (via DIA ETF) | $517.42 | -0.37% | vs prior close | Nov 3, 18:00 UTC | Finnhub |
| Russell 2000 (via IWM ETF) | $280.70 | +0.56% | vs prior close | Nov 3, 18:00 UTC | Finnhub |
| DAX 40 (via EWG ETF) | $42.10 | -0.14% | vs prior close | Nov 3, 18:00 UTC | Finnhub |
| FTSE 100 (via EWU ETF) | $47.31 | -1.50% | vs prior close | Nov 3, 18:00 UTC | Finnhub |
| Nikkei 225 (via EWJ ETF) | $92.91 | +0.08% | vs prior close | Nov 3, 18:00 UTC | Finnhub |
| CBOE Volatility Index (via VIXY ETF) | $18.17 | -1.41% | vs prior close | Nov 3, 18:00 UTC | Finnhub |
Related coverage
Yahoo published “Stock Market Today, Nov. 2: Amazon Rallies on Phillip Securities Buy Upgrade and $330 Target.” Yahoo also ran “Stock Market Today: Dow Up, Nasdaq Dives As Seagate Sinks; These Stocks Clear Entries.”
- I don't see roaring 1920s comparison in the stock market: Bill Ackman — CNBC, Nov 3, 08:49 UTC
- Stock Market Today, Nov. 2: Amazon Rallies on Phillip Securities Buy Upgrade and $330 Target — Yahoo, Nov 2, 22:05 UTC
- Stock Market Today: Dow Up, Nasdaq Dives As Seagate Sinks; These Stocks Clear Entries — Yahoo, Nov 2, 21:43 UTC
- What iShares S&P 500 Value ETF (IVE) Bought: Vylor Leads on Friday — Yahoo, Nov 3, 11:06 UTC
- What State Street SPDR Portfolio S&P 500 ETF (SPYM) Bought: Vylor Leads on Oct. 30 — Yahoo, Nov 3, 11:05 UTC
What to watch
The Bank of England rate decision and Monetary Policy Report is scheduled for Thu Nov 5, 12:00 UTC. The Employment Situation is scheduled for Fri Nov 6, 13:30 UTC.
- Wed Nov 4 (time not confirmed) — International trade balance (BEA/Census) (US) (source)
- Thu Nov 5 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
- Thu Nov 5, 12:00 UTC — Bank of England rate decision and Monetary Policy Report (GB) (source)
- Thu Nov 5, 13:30 UTC — Productivity and Costs (US) (source)
- Fri Nov 6, 13:30 UTC — Employment Situation (US) (source)
Sources and data
- CNBC (secondary source) — I don't see roaring 1920s comparison in the stock market: Bill Ackman
- Yahoo (secondary source) — Stock Market Today, Nov. 2: Amazon Rallies on Phillip Securities Buy Upgrade and $330 Target
- Finnhub (market data) — market data
- U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
- U.S. Energy Information Administration via FRED (primary source) — calendar
- Bank of England (primary source) — calendar
- U.S. Bureau of Labor Statistics (primary source) — calendar
- Federal Reserve (primary source) — calendar
- European Central Bank (euro reference rates) (primary source) — calendar
Market data as of Nov 3, 18:00 UTC; report generated Nov 3, 18:01 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Dow Jones Industrial Average
A price-weighted index of 30 large US blue-chip companies, first published in 1896 and one of the oldest stock market indices.
Russell 2000
An index of roughly 2,000 small-cap US companies — the smaller members of the Russell 3000 — and the main benchmark for US small caps, which tend to be more sensitive to domestic growth and borrowing costs.
Sources & data
- CNBC (secondary, retrieved Nov 3, 2026, 06:03 PM UTC)
- Yahoo (secondary, retrieved Nov 3, 2026, 06:03 PM UTC)
- Finnhub (market-data, retrieved Nov 3, 2026, 06:03 PM UTC)
- U.S. Treasury and Federal Reserve Board via FRED (primary, retrieved Nov 3, 2026, 06:03 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Nov 3, 2026, 06:03 PM UTC)
- Bank of England (primary, retrieved Nov 3, 2026, 06:03 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Nov 3, 2026, 06:03 PM UTC)
- Federal Reserve (primary, retrieved Nov 3, 2026, 06:03 PM UTC)
- European Central Bank (euro reference rates) (primary, retrieved Nov 3, 2026, 06:03 PM UTC)
Market data as of Nov 3, 2026, 06:00 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
Was this useful?
Report an issue with this article
Related coverage
Nov 3 market update: SPY ETF rose 0.56% at 19:01 UTC
The SPY ETF led gains while the GLD ETF fell; prices reported by Finnhub as of Nov 3, 19:01 UTC.
MarketAlleys Research Desk · · 3 min read
XRP leads 24-hour gains as bitcoin, ether and solana rise
XRP rose 3.00% over 24 hours to $1.2800 at Nov 3, 19:00 UTC; bitcoin, ether and solana were also higher, while five-session returns remained negative and trend signals were neutral.
MarketAlleys Research Desk · · 3 min read
Indices market update: VIXY ETF fell 1.90%
Major index ETFs were mixed as of Nov 3, 18:45 UTC, with the VIXY ETF showing the largest percentage move.
MarketAlleys Research Desk · · 3 min read
Commodities update: copper leads declines, crude mixed
CPER ETF fell 2.13% while UNG and USO ETFs rose; prices reported around Nov 3, 18:30 UTC, according to Finnhub.
MarketAlleys Research Desk · · 3 min read