The 5% Yield Effect, Powell's Fed for Thought, Obesity Drugs: Shots for Kids? 10/20/23

<p>Carl Quintanilla, David Faber and Sara Eisen explored what's ahead for the markets one day afterthe 10-year note yield hit 5% for the first time since 2007 -- and Fed Chair Powell addressed the Economic Club of New York about rates and fighting inflation. Earnings also in the spotlight, including results from American Express -- while shares of Netflix extended their rally and Tesla continued to slumpfollowing the release of their results late Wednesday. Also in focus:  Novo Nordisk and Eli Lilly reportedly testing their weight loss drug shots for younger patients, PresidentBiden's $100 billion message to Congress, an update from Tel Aviv on the Israel-Hamas war. </p><p> </p><p><a href="https://www.cnbc.com/squawk-on-the-street-disclaimer/">Squawk on the Street Disclaimer</a></p>