joe: we are moments away from the closing bell. scarlet: u.s. stocks closing in the green for the s&p and the dell after emerging markets added to their biggest quarterly in years. joe: what'd you miss? markets on edge. the major indices are on track for their worst quarter since 2011. scarlet: countdown to jobs

today. are americans feeling better about jobs? and the female factor. women's labor force participation key to global growth. by at has stagnated and what needs to be done to grow the world economy. we begin with the markets. you are seeing green. lose somery seem to steam but now we did get a late rally to take us into the green. it is the longest russians 2006. closing at its lowest since august. close green.d you saw a lot of the tech names get hits. that is why the nasdaq fell. of a goodf the fact

bounce back in glencore. this is an impressive early this morning. you had goldman taking down its forecast. acknowledging they were not going to hit their earlier target of 2100 for the s&p. andid green but not impressive date by any stretch. scarlet: a miss day. i want to take a deep dive into my terminal and take a look at what high-yield is versus the s&p 500. credit alwaysture leads. high-yield credit. the white line, the s&p 500. the high-yield index has been making lower highs and lower lows and it is starting to collapse in early august. on s&p made its record high

may 21. it soldiered on until mid-august. .oe: that is a great chart i want to look at my terminal. despite the turmoil in the markets the u.s. economy continues to not look too bad. is -- we hadine hasconference board, that been spread between the respondents who said jobs are plentiful and jobs are hard to get. more and more people are saying jobs are plentiful. hourlyd line is average workers. the purple line tends to lead the gold line. if you are looking for when are we going to get wage growth, this is another indicator that it should be coming as people get more optimistic about the economy and perceived to be more jobs available, wages hopefully rise.

scarlet: when it comes to markets we are on average. we are not sure if we are up or down. choppiness is the word here. care to break it down for us, david, we got close to the s&p 500. the 10 year yield heading back to 2%. how has this been different than in late august. david: we don't have rising interest rates. we don't have an in they'll -- inverted yield curve. we don't have a slowing economy. those are the things that trigger major bear markets. lead sellofffusing by central bank policies which are not understood. and selected places.

credit leads. if you put your chart backup and take a look at the bottom you will see a double bottom. when you see a double bottom you have to ask yourself one thing. is there liquidity pressure so much that it will drive back the bottom to a new low level, or is that the sign that says enter now when the tape is red and everyone is scared. joe: buy stocks now? david: you are in the window of entry right here in the season which ends and halloween. by halloween this market will have turned. goldman may have to take that. ut a date on it. we can come back and say it was his call. i will comment bring a mask. everyone is obsessing

over whether the fed moves in october or december. there is that balance sheet to consider. they will not be doing some before a rate increase is likely. how does that complicate matters? david: i don't think it matters. i have a chance to hear ben bernanke described the balance .heet and the new policy tools theade it clear we can pick balance sheet, we can take the duration long or short and change the short-term interest rates independent of each other. this is a new policy construction. he said negative rates are acceptable, implied was they are spreading, which is different. 2008 he wasin afraid of negative rates because the distortions they may introduce to markets.

he is not afraid of them now. if bernanke he will say that in a meeting that suggests to me the other central banks are accepting negative rates. working in europe. imagine hearing those words from ben bernanke. bullish for asset prices for a long time. joe: you think other central banks may be inclined to flirt with negative rates. you may turn the blue line. david: they have a method that was developed and well thought out.

i we going to model long between 1 and 2? slow growth, slow recovery. it is a wonderful economy. it is not going in recession. it is growing. you look at vacancies. how much more room is therefore improvement? david: we may go lower because the gap is closing. but it still is enclosed. you are going to talk about women and women's roles in your lineup. look at the unemployment rate for single moms. women who have households. to 2007.a monster gap

scarlet: you are doing our job for us. joe: how much do you attribute to skills mitch matt and how much is cyclical? david: how do we know that any world we are in now where we have data that doesn't tell a story? the markets of to struggle with this confusion because the markets can't answer the questions. answericymakers can't the questions. they keep moving the dots. joe: do you think the fed made a communications error? david: yes. they broadcast a raise, then they had a confusing message. they are trying to put together a confusing message and hopefully they will do it with a less confusing message. hope is not a strategy. what keeps you up at

night? washington? david: horrible mass, only getting worse. scarlet: the speakership matter? david: the speakership change was coming. now we are going to get to december and have all the hollywood ghosts, in december. joe: thank you. fascinating stuff. up, what line is copper flirting with and what does it have to do with china? ♪

scarlet: before the break we told you we had a chart you had to see on copper. joe: copper is trading 2% below

its 200 months moving average. copper is under pressure from the drop in chinese industrial province. you hear about 200 days. scarlet: this is a long-term chart. i love that chart. one company under pressure from the china slowdown is glencore. that stock made a bit of a comeback gaining 17%. guest followsext the market segment, the cofounder of the think tank that has an interesting quantitative finance plus other areas. you have come here to tell us what analysis and twitter can tell us about the markets. what are you saying in glencore? guest: in terms of looking at the charts it is interesting to see the new sentiment has been following glencore over the past

year. if you look at the past six been lower.as maybe it was leading at a certain point. joe: how are you measuring new sentiment? guest: i've used the bloomberg terminal. scarlet: shameless plug. thank you. guest: i have done a smooth version of that to make it look like that. what should a long-term investor do with this? guest: understand what your time horizon is. , there is-term basis a big divergence about what they are telling you. joe: euro versus dollar

volatility. you see some relationship between the volume of use to how much journalists are writing about and market volatility as well. it is interesting, this relationship. which is the dog in which is the tale? it can be the case that often people who write about what has happened in the price section, before big events they would use money as an indicator. joe: what are the things you would look for sentiment wise that would say this is a risk reversal? what are the flags and warning signs? has there been a decline in stories? have people stopped talking about it? you kenexa quantify that.

you saw that in the shanghai composite. everyone started talking about it. is it positive coverage or quantity of coverage? -- that is toe positives. you get two different signals from them. joe: you have written a book about it. the wisdom of ancient philosophers. what is a lesson from ancient philosophers that they could use and take away? guest: one of the things i .alked about was herodotus he wrote a book about the wars between ancient greece and persia. one of the things he started saying in his books, he wanted

to understand why do wars happen? you want understand why have you done certain trades, you don't want to just know i'm putting on this trade because it may go up. there has to be a rationale. scarlet: as journalists we have to ask why is this happening. are you saying that most people don't worry about that so much as what they are doing at the moment? guest: people might look forward. many people don't look at the history of what they have done and see how they can learn from that. joe: so have they arrived at the decision to make the trade. guest: exactly. when have you made money in the past and can you use that information going forward. joe: when we come back, why is duck boottional shortage? ♪

joe: what did you miss? strugglingl. bean is to meet demand for its duck boots. joe: all the boots are made into factories. they are expected to turn out 50,000 pairs this season. it will not be in now. -- it will not be enough. scarlet: last year's backorder was not cleared until july. joe: hope with people still want to them by them. one way to drive growth is to use women or take advantage of women -- that did not come out right.

female labor participation can drive gdp. we have average female labor force participation has stagnated at 50% globally. we spoke with tina and asked why would this was the case. guest: >> there are a lot of different reasons. to me, what is an obvious conclusion is despite numerous advancements in the developed world as well as the industrialized world, including women and girls having full access to education, more women getting advanced degrees, we have plateaued. it is striking how that is almost a universal phenomenon. that is one of the features of this report that has attracted so much attention. , while our best efforts

women joining the workforce. why aren't they advancing further? >> i assume there is variation. other good examples where they have gotten it right? guest: there are some countries where you see higher levels of participation. this is something true in africa ande many women are working a number of latin american countries. lower levels are the middle east, but also india for example. china is different from japan. education levels in japan are high but cultural attitudes may vary.

and more support for preschool aged children. the u.s. does not come out well at all. scarlet: what is staggering is if we did see some kind of employment uptick with women, what that would do to global growth. talk us through your findings. which country would benefit the most? isst: the potential upside greatest in countries that have the lowest level of participation. this may be appealing policy move for countries that are not very well predisposed toward immigration from outside. i'm thinking of the gulf countries and japan that haven't then welcome to immigration. mobilizing your domestic workforce may be much more appealing. other contributing factors are small aspects of the policy.

i'm thinking of reducing or eliminating second earners. you can tweak policies to help reduce the barriers. let's talk about japan predictions a lobby has said many times he wanted to have more women in the workforce. how would you grade their efforts? guest: i had a chance to look at this firsthand. i was in tokyo over the summer. one of the things we have done, i have organized dialogues where we brought together policymakers and corporate investor clients another interested parties. the reception was enthusiastic. male.dience was half that was not true in other countries where we rule this out. i got the impression that everyone feels the commitments

is a sincere one. the sense of frustration, and that this is going more slowly than people would have liked. scarlet: if the labor force gap was reduced by 20: 30, what would be -- 2030, what would be the benefit? it would be significant, over 10 points. when you think of the constrained world we are living , to boost growth in the developed world by a couple of percentage points, you are never , but if you 100% increase the level you could see a boost of a couple of points.

wonder if the time for changing these policies to increase labor force participation isn't really now when policymakers are running out of bullets, when qe is on the rain. chesapeake energy is cutting jobs. we are just figuring out 15% of jobs will be 825 people based on the fact that they employ -- joe: many got massacred in recent years. scarlet: we will keep an eye on that one. ♪

scarlet: don't miss this. breaking news. is stepping down as ceo of his company. if you take a look inside you can see investors seem to like this news. up three and a half percent. there is the move on the headline.

laurensident of ralph who just stepped down. get the adpw we employment change.

>> from our studios in new york, this is "charlie rose." tonight, vladimir putin. report on ancow to interview with the president of russia. place outside of moscow and lasted for an hour and 40 minutes. it was shot by our cruise at 60 minutes. rews of 60 minutes. >> we support the