tv Worldwide Exchange CNBC September 26, 2018 5:00am-6:00am EDT
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here are your top five at 5:00 the fed front and center again rates likely to rise but can the economy handle another hike. oil prices hiking. president trump saying opec is ripping off the world. delta air lines and passengers trying to get back to normal after they were slammed by an operations outage. president trump heading back to the u.n. today. he will chair a security council meeting. and they just did it nike reporting a big earnings beat but it's what the company said about colin kaepernick that is grabbing the headlines on
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this wednesday, september 26th as "worldwide exchange" begins right now. ♪ good morning welcome from wherever in the world you may be watching. i'm brian sullivan oil prices are up again. let's see if the markets and your money can let it be, so to speak. first to stocks, we are seeing that right now it looks like everybody is coming together in some form. dow futures up 49. s&p and nasdaq futures up as well but oil continues its march higher crude here and overseas up again. wti turned down here, still at 72 bucks wti, brent crude trading at 81.88. up over 82 earlier today we'll keep an eye on the oil market also keeping a close eye on treasuries
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remember, we get the fed meeting and rate decision and press conference today the benchmark yielding 0 3.087% mike, what is the most important thing you can hear from our federal reserve today? >> i think it's pretty much expected that we'll get the rate rise coming through. the attention will be focused on shifts in terms of the forecasts for 2021 so i think there's going to be a lot of interest on whether we get move on the long-run estimate of the natural rate of unemployment and whether they will forecast that the unemployment rate can continue to go sideways at 3.5% by 2021 that's likely that they do forecast it going sideways over the next few years
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i think that's where the key uncertainty is in my mind it's likely that the rate keeps falling >> isn't that the ultimate risk? we talk about trade, tariffs, costs may go up. at the same time if that happens the economy could slow so now you have the situation, mike, where in a year or so costs are up but the economy is slowing down is that a positive scenario in any way? >> that clearly makes it difficult for the fed. if you get a slowdown in growth coming through, which will happen any way, that could be exacerbated if i get a further escalation in trade tensions that would be inflationary as well that makes it a difficult environment for the fed. when you look at the strength of the u.s. economy, the consumer confidence we had, showing the u.s. economy is booming and with the unemployment rate as low as it is at the moment, i think the fed will tend to just keep
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hiking rates until they get rates to 3%. then they might stop and pause and assess the outlook from there. i think they're still on a hiking path for the next few quarters >> here's what matters, can the u.s. economy handle a 3% fed funds rate >> i think by the time you get to 3%, in about a year from now, that is going to start to look tight. monetary policy will have gone from being accommodative to all of a sudden starting to be on the verge of being tight as we head into 2020 there's risk that the stimulus coming through on the fiscal side turns into a drag. i think the u.s. economy should hold up well, but the risks start to build once we look beyond the end of 2019 >> mike bell, jpmorgan asset management, the fed coming up later today. appreciate your time to your top corporate story,
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nike posted a huge quarter earnings beat and 15% profit growth the stock is down a bit because it had such a massive run this year it wasn't the numbers that got all the attention. nike's ceo addressing the colin kaepernick ad on the earnings call here's what nike's ceo, mark parker, said >> we feel actually very good and very proud of the work that we're doing with "just do it" introducing that to the new generation of consumers. here in north america it was strong an also around the world, it's transcended the north american market to touch i think people around the world. >> parker also talked about how the colin kaepernick ad is impacting nike's brand overall >> it's driving an uptick in
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traffic, engagement, both socially as well as commercially we have seen record engagement with the brand as part of the campaign >> let's bring in stacey widlitz, a cnbc contributor. i noticed sara eisen was on "fast money" last night and she quoted you talking about the quarter. that's what i do i watch cnbc every day. how good was the nike quarter? >> the nike quarter was strong the problem is, as you said, the stock is up 35% year-to-date if you listen to anybody, everybody is like how do they outdo themselves they had a turnaround in north america. it's product driven. the wholesale channel is now right sized. inventory is in good shape
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we talked about it before, in my opinion, the product looks like candy. it's good after years of falling flat and being kind of stale >> not taking anything away from the colin kaepernick ad, it seems to have worked for them on some levels. but it has to be more than that. the ad only coming out in the latter part of the quarter any way. so their product mix is doing so well >> it is their product mix some are picking on the gross particular gin which was below expectations you have to think about the long-term story here nike is only 30% of the business which is direct, the rest is wholesale. you and i have talked about how promotional the wholesale channel is they are changing that and taking back control of their business as that increases as a percentage of the mix, so do their margins. nike is one of the few brands
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out there that had this long-term margin story by the way, you know, that "just do it" anniversary campaign lie lighted normal people doing amazing things in life in addition to celebrities. it hit home. >> we in the media are simple folk we like a flashy story, colin kaepernick, controversy, but you're saying this is just a boring supply chain story made good >> absolutely not. for them it has a bit of both. it has controversy creating buzz also think about serena williams, how they supported her in some controversy surrounding here they are using every-day people and most importantly turnarounds in my opinion are always product driven that's what's working here >> capri is an island and also a
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car, but also the new name of michael kors after paying 2 billion for versace and rolling it into kors and renaming it capri. what do you make of this move? good move? irrelevant what >> capri to me means capri pants from the gap that's what rings a bell to me everybody is trying to become a multi-brand company like an kering that's not such an easy thing to do i will say michael kors is just finally hitting its stride on the product side as we know, acquisitions come with bumps in the road as happened with jimmy choo i scratched my head and said the product is finally hitting it. i get they're trying to become a larger company, multi-brand, but that's a tough road.
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>> i'm sorry to cut you off -- here's my question, you spend all this time and money branding for years, kors, michael kors, now you change your name is there any indication that works or does it hurt or have no impact >> you know, i think that's more from the public market side. the michael kors brand is very much intact. coach changed their name to tapestry if you're going to be a multi-brand public company, yeah, you need to be something more generic i think that's affecting maybe the analysts community being confused >> sally, appreciate it. stacey widlitz -- >> thanks, ben >> it will take a long time. stacey widlitz, thank you very much. a major travel alert to tell
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you about. everybody in atlanta, listen up. delta operations are getting back to normal following a nationwide ground stop yesterday. eric chemi has the details >> delta restored all its systems after a technical glitch forced it to ground flights. delta said the issue was resolved by 9:30 p.m., but it is not clear how many flights were affected delta reported no cancellations or diversions because of the outage and expects it will have minimal impact on the morning schedule the airline has been hit by several technical problems in recent years delta canceled 2,000 flights in 2018 because of electrical issues last april it canceled 4,000 flights after the system it uses to match pilots and flight attendants broke down during a thunderstorm these outages prompted airlines to review their aging computer networks
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delta said it invested hundreds of millions of dollars on i.t. >> don't let them call it a glitch they love the term glitch. >> i'm sure you've been grounded a few times. >> in many ways. thank you very much. on tech, technology under fire google acknowledging past mistakes were made when it came to your privacy. survey says? what texo pect when surveymonkey makes it's ipo today
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welcome back it's 5:14. here's how your money and investments are setting up stock futures are looking good mixed session, down for the dow, up for the nasdaq. right now dow and nasdaq futures are higher what about asia? have you been paying attention to this mini run for china china has had a big run the last couple of weeks what trade war japan has also been hot. now to europe, they kind of follow us. they'll watch our fed. we are seeing a mix to mostly down trade only the cac 40 in france is in the green today. your big individual stock stories on this wednesday include kb homes shares of the home builder are higher they reported
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better-than-expected earnings, rising sales offsetting weakness in the average selling price. cintas reporting slightly lower profit last quarter, overall results still beat and the uniform supplier raising revenue guidance for the year. shares are down in thin trading. and shares of aar are on the rise today results topping estimates. they are a make every of parts for aircraft and defense industries they posted double digit sales growth aar is up more than 3% we have an ipo today a company you have used in some form or fashion. it's called survey monkey. they put out online surveys. they priced their ipo to $12 a share. that's above the expected $9 to $11 per share range. they also upped their float, which is the number of stock available to buy to 15 million shares they'll begin trading today on the nasdaq the ticker, svmk, surveymonkey
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rank 14th on this year's list. the ceo will be on "squawk box" at 7:30 a.m. eastern time. in other corporate news, cbs names former time warner head ri dick parsens as its interim chairman he will lead the search for a ceo following les moonves's ouster daimler also naming a new ceo. he is swedish and serves addr ss daimler's head dieter zetsche will now become
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chairman. bookal is expected to tell congress it has made mistakes in dealing with your privacy. that's according to prepared testimony from the privacy chief. he will appear before the senate commerce committee today google will be joined by at&t, amazon and apple, all in today's hearing. sticking with technology, salesforce ceo mark bc benioff sounding off on facebook this is what he told jim cramer last night >> we have given a huge amount of our power to so many technology companies, that's why there's a discussion in washington, d.c. about regulation should they be regulated not just facebook, but every company? you know i called for the regulation of facebook, i said they lost my trust because of how they handled their privacy scandal. they are in a crisis of trust. facebook is still in that crisis
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of trust, so you see those actions by customers, consumers and executives they can change. every company can change they're not the only company going through a crisis of trust. but our industry needs to wake up and realize there is a tech lash happening, and we need to step up to a new level of ethical and humane use >> benioff also covered a different wide ranging of topics with jim including his purchase of "time" magazine you can see that entire interview right now on cnbc.com. president trump wrapping up his visit to the u.n what to watch for. and have we reached peak pumpkin? i-hop doing something that makes the gourd too pervasive. i know that every single time that i suit up,
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it is 5:22 in washington it's also 5:22 a.m. in new york city a bit of a rainy day be careful out there. president trump will wrap up his visit to the u.n. today. let's get more from tracie potts. today the president is going to chair the u.n. security counc council, first time for him, the second u.s. president to do so in that meeting they're supposed
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to focus on weapons of mass destruction and nuclear weapons. big question will the president target iran? he did so in his speech yesterday saying that iran's leaders have pushed chaos, death and destruction. he's trying to isolate iran even though our european allies want to continue to work with them, trade with them and do business with them as part of that nuclear agreement that the u.s. pulled out of. iran's president, president rouhani, expected to hold a news conference later today after that security council meeting. he called the meeting preposterous and abnormal. this has been a big split between the u.s. and european allies on how to deal with iran and how to deal with this nuclear deal that president trump just wasn't working that could come up today as he wraps up his time in new york. >> rouhani part of opec which is ripping off the world according to our president as well tracie potts, thank you very much let's check on the other top
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headlines outside of the world of money and business. phillip mena has that. senate republicans have revealed who will question brett kavanaugh and his accuser, dr. christine blasey ford in tomorrow's hearing attorney rachel mitchell, a prosecutor from arizona with decades of experience prosecuting sex crimes the all-male gop judiciary committee announcing they scheduled a vote for kavanaugh on friday morning. from america's dad to incarcerated sex offender. bill cosby is behind bars, sentenced to seventy-two to trvn years in prison. judge steven o'neill who provided over both cosby trials did not mince words when he called cosby a sexually violent predator. and from ohio, a car
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explodes as a woman drives into a parking lot. the security camera capturing this blast that destroyed the suv and injured the driver inside an officer was naear the scene and pulled her from the vehicle. a propane tank inside the vehicle may have caused the explosion. >> she survived? >> blew the roof right off she did survive. she has some injuries as we reported there, but, yes >> wow, her an her family giving thanks, when you see that video, it's hard to know if anybody could have survived that still ahead, the federal reserve front and center, wrapping up a two-day meeting today what to expect from rate hikes and inflation ahead. and a staggering stat on the state of you, the american consumer just how good are things right now? we'll show you it's youmoing r rnrbi, we'll make you smarter
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countdown to the federal reserve. higher rates are expected. we'll tell you by how much. oil alert, crude creeping higher as president trump doubles down on his opec attack saying they're ripping off the world. and a major travel alert a technology issue forcing delta to ground all of its flights late yesterday operations getting back to normal we'll give you the full rundown
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as "worldwide exchange" gets in its line for taxi right now. ♪ delta getting things back in order. welcome. thanks for joining us on cnbc. i'm brian sullivan we have a lot to get to. first a check on your top stories with your executive recap, eric chemi has those. >> nike in the red despite the retailer reporting an earnings beat and 15% profit growth last quarter. mark parker addressing that new colin kaepernick ad on the call saying the company feels very good and very proud of the campaign parker adding it has driven an uptick in engagement. delta getting back to normal after a technical issue forced a
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ground stop for all of its flights. it happened last night it's not clear how many flights were impacted. delta expects minimal impact on the morning schedule. google is expected to tell congress today that it made mistakes in dealing with your privacy. that's according to prepared testimony from the privacy chief who will appear before the senate commerce committee. google will be joined by at&t, amazon and apple at the hearing today. >> all right let's look at how the money and investment markets are setting up their day we're about halfway through the 5:00 a.m. hour in new york stock futures are looking good it was a mixed session yesterday. they're all higher today, at least as far as futures. s&p, dow and nasdaq are up september always historically the worst month of the year for the markets. don't tell it to this september. the dow is up about 2% to 2.5%
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so far this month bucking that trend. oil prices are something to watch. it's kind of why we talk about them oil prices continue not higher today, but overall we are still up brent crude, wti and natural gas down fractionally here we have a lag between oil and gas prices, so gas prices should be creeping up over the next couple of days and weeks in the bond market, which you want to watch, the ten-year treasury is at 3.08% remember a year ago we were about 2.2% so we have seen nearly a 1% jump in bond yields even if you don't trade bonds you care, that ten-year yield widely controls the mortgage market mortgage prices at 4.66, near a
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seven-year high. let's turn overseas. theresa may says it is not in the uk's best interest to have a do-over, if you will, on the brexit vote. may also said she has no plans to abandon her current brexit plan despite sharp blowback from the eu joining us is the vice president with the european commission thank you for joining us early this morning from new york what do you think will be the ultimate outcome of the uk in the euro and the brexit vote specifically >> well, in regards to brexit negotiations from the eu side, we are negotiating to have an agreement, and next couple of months will be crucial to agree on withdrawal and also to start discussing our future relationships. so now i would say we are entering a critical stage.
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eu position on where we stand is very clear we consider the four freedoms of the eu single market have to be respected. and that we need to find a solution for ireland and the republic of ireland border, respecting good friday agreement. >> we have a number of viewers across the world, particularly in the european financial markets at this hour i would ask you, if a major bank that was based in london came to you and said what should we do should we move our headquarters to frankfurt or munich, would you advise them to do that should they leave or partially leave london >> well, of course, for banks themselves that's for them to decide a couple things are clear. first, since the uk is leaving the eu, and uk is also leaving
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eu single market, banks in london will lose eu passports. then the question is how they adjust their business plans. do they establish sufficient presence in the eu to continue to hold eu passports or do they rely on potential equivalent decisions. clarity is emerging in areas, and we could rely on the system of decisions for both eu side and also from uk side. >> how much do you worry generally -- this is a bit of a broader conversation, i guess, about this movement towards far-right candidates in austria, germany gaining seats, nearly winning major elections, now we have brexit. do you fear europe is going back to a partisanship which will be dangerous economically and socially over the next decade? >> well, first of all, it must
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be said that it's a clear decision of the 27 eu member states, all eu member states except uk to stay together and to work to strengthen the european union we have some kind of populist wave in europe that has to do with still aftermath of the global financial and economic crisis and consequences felt but at the same time, the eu economy is moving along. we're in a sixth year of economic growth, expecting 2% growth this year and next. so now it's important that the benefits of economic growth are actually felt by all eu citizens, which would help to address this populist way. >> when you talk about this populist movement in europe, from an economic perspective, do you say we need to be more
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cautious with what we do with interest rates, quantitative easing, everything that the eu and the ecb has been doing does that factor into your economic calculus at all >> well, in regards to the economic calculus, we are actually currently performing strongly in europe, expecting around 2.1% growth both this year and next. and taking this into account and also taking into account inflation and inflation expectations, european central bank has announced that they will gradually move away from quantitative easing. they will move towards normalization of monetary policy, but it must be said that monetary policy still stays accommodative. >> you are in town to help raise money to fight climate change. we know it's an issue that is on everybody's minds, especially at the u.n. this week give us an idea of how raising
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capital and raising money will solve the problem? connect the dots between the capital raise and fixing the emissions issue. >> to give you an example, in the eu we have an estimate that we need additional 180 billion euros additional investment every year until 2030 to meet our climate change targets, to respect the paris agreement. it's clear this amount of money is beyond the scope of not only the public sector, that's why we need to steer also private capital towards those investments which are needed in different sectors to meet our paris agreement goals. so what we have done in eu is set numerical targets in different areas, how much you need to improve energy
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efficiency of housing sector, how much you need to reduce reductions in car sector, fuel efficiency how much in the energy sector. and to meet thoat those sectors need investment. that's where our sustainable finance action plan comes in how we want to steer as a private investment towards this investment needed by different sectors. >> thank you appreciate you joining us this morning, sir >> thank you. time for the top trending stories. eric chemi is back with those. >> this one i don't like to talk about. i don't like pumpkin ihop partnering with a new br
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prurprur brewery for ihops, it has pancake batter in it maybe we'll move on from that one. i wish some viewers out there, any pumpkin loving viewers out there, tell us why you like pumpkins they're good for throwing -- >> jack-o'-lanterns. >> at brian's house. >> or riding around on top of your head flaming on a horse through the fog. >> we'll move on one of the world's most recognizable sports venues is changing hands england's football stadium agreed to sell wembley stadium for 8$800 million it will be sold to the owner of the jacksonville jaguars and the fulham football club >> does this mean the jaguars
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are moving to london >> i know from people inside the nfl that the league and the team, they both wanted to make this thing happen. they both want it to be the london jaguars >> they do >> the league and the team want it to happen, but then you have to figure out the international stuff. the players would probably train in new york or new jersey. >> the biggest problem is the jet lag. the home team will have an advantage. >> they would probably practice in the northeast and then fly out. >> so the jaguars of london would just show up >> so they're both exhausted and tired. >> some executives think before they expand to england, they should probably expand to toronto or mexico city, do something in north america >> like put a football team in cleveland or something thank you. >> i'm staying >> you're sticking around. we talked about this yes, sir. the nfl rethinking one of its
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newest rules -- we talked about four roughing the passer penalties in the first half of the monday night game. now it looks like the nfl will look at this >> exactly we know the nfl got through the national anthem controversy, that's died down ratings have picked back up. offense is going up again. now it's almost like they have to go bark tck the other directn these roughing the passer rules have been criticized because there's so many of them. you know it's a bad sign when nfl quarterbacks think they're being protected too much tom brady, ben roethlisberger, aaron rodgers have spoken out about it we have 34 penalties this year, and last year we had 16. >> so they more than doubled from last year >> they have doubled the penalties from last year >> watching the game, the first half, i don't think the refs knew what to call. >> some people are saying the league instructed the refs, if
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you're in doubt, throw the flag. in the past it would have been if you're in doubt, don't throw the flag jerry jones is saying this is professional football, people will get hurt, we can't water it down >> eric chemi, pumpkin hater, but we're bonded by our hatred of gourds. i don't like any gourds, do you? >> i'm not sure i even know what a gourd is >> like a fruit thing. the things to watch today when we come back. ignition sequence starts. 10... 9... guidance is internal. 6... 5... 4... 3... 2... 1... ♪
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your big money story is likely to be this, the federal reserve widely expected to raise interest rates today, but markets not too concerned. the futures are higher right now. they're in the green dow futures up 41 points the market has shrugged off rate hikes all year joining us to talk about that is candice bankson from fiora capital. they have more than 140 billion in assets under management thank you for joining us on "worldwide exchange. why do you think the u.s. markets greeted these rate hikes so far this year and expectations of more with a resounding shrug >> equity markets in general have proven fairly resilient to whether it be global trade tensions, rising interest rates, it's about the strength of the global economy in general.
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earnings expectations have been extremely resilient as well. so all of this has been proven supportive for the equity markets in general >> which is amazing because a couple years ago, i guess i'm old enough to remember 12 months ago some people were saying this market could not absorb higher interest rates there was simply too much debt outstanding. it appears that has been wrong >> yeah. with the global economy being so broadly based, like the strength in the global economy, i think you're seeing that feeding into the equity markets like you said, being able to tolerate a higher interest rate environment for the consumer and for businesses >> you are up there in montreal, you are paid to worry on behalf of your clients. when you look out, what does worry you? is it trade fights, populism, interest rates or something else that is in your mind the biggest
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variable or wildcard for the global equity markets? >> the biggest risk to that synchronous global expansion is on the trade front and potential for these protectionist measures to stifle the global expansion but our expectation is that inevitably the economy is strong enough to counter the impact on global trade you have the u.s. economy firing on all cylinders even the chinese economy relatively stable. policymakers are stepping in expressing a willingness to support the economy and help to cushion the blow from these newly imposed tariffs. in general, while trade headwinds are loomt iing, we th the global expansion will be enough to cover that. >> the best place to invest
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around the world is what >> emerging markets. >> that's a lot. can you be more specific >> so, in general obviously emerging markets have taken the brunt of the weakness. you know, following the global trade tensions out there but in our view a lot of this weakness is likely overdone and from a valuation perspective there's a pretty decent buying opportunity in the emerging market space, particularly as the global economy is strong, there again earnings growth in these emerging market economies and again from a valuation perspective we think it's a good time to be buying. >> love the emerging markets appreciate you joining us. still to come, your morning rbi. a startling stat on the health of the u.s. consumer we'll make you smarter today as our countdown to the fed is on
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welcome back there's our countdown clock. what will you do for the next eight hours? sit there, watch cnbc, obsess about the fed. michael farr joining us. cnbc contributor as well i mean, should we just be nervous about this is jay powell going to screw this economic expansion up >> not even jay powell will screw anything up today. so we'll see a very expected rate hike here so they're going to announce they did it. we'll look closely at the language in the report and we'll listen closely as they interview and figure out what jerome powell was trying to say
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this is telling us the economic expansion is intact. i had dr. jeff lacker on my podcast last night, the farrcast is what we call it he's former president of the richmond federal reserve he says four more hikes? yes. he thinks six to seven, maybe eight to nine. he's hawkish that was big news out of lacker. he has not been out a full year yet. so he knows those personalities. that can take those fed fund rates up to 3.5% he doesn't think that would be out of the realm at all. >> i heard your name was farr out, maybe that name was taken what would be the best case scenario for the fed a rate hike, muted conversation about inflation or what? >> i think to say -- one thing that you'll see go is the language about, you know they're still -- that policy is still accommodative. that language is too dated when they raise rates, they're
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not accommodating. that language will probably go i don't look for any other major changes. the less the fed does, the more they stay out of the way, the way they stay a non-news issue in this cycle is good. the economic data comes in strong the unemployment is very low growth numbers are high. gdp is good. i continue to worry about the debt but jim murio was on the fa kshk fakrrcast last night, he continues to say we will see this melt up of stock prices that should not be hampered through year end so it does look like this bull market is intact i would suggest that investors not take a big lead while on third base as your stock values go up, keep to your allocations, keep trimming those positions
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this market is still very high >> michael farr, farr miller in washington, i know you'll be watching >> all day long. i'm back on "power lunch" for like an hour and a half this afternoon. i hope you'll be watching us, too. >> i wore my orange tie for him. >> thank you let's find out what's coming up on "squawk box. andrew ross sorkin, will you or will you not be mentioning the word federal reserve >> we should have made a game of not mentioning facebook. >> does it count if we say fed >> i'm sorry bhashgs was thwhat was that >> can we make references without using the word federal reserve? >> we have eric cantor coming up, we will have one of the s.e.c. commissioners, robert
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jackson. we have the ceo of verizon we'll talk about what took place over the weekend as well as the global poverty initiative. that's why he will be on big concert over the weekend and the ceo of surveymonkey will be with us we'll have a conversation ahead of the opening bell. that's coming up on "squawk. >> we'll play drinking federal reserve with coffee, though. >> could you say just fed? refer to it as the bernank, remember that? >> the bear animation. andrew, thank you very much. now to your morning rbi. today it's all about what many of you probably already will, an american shopper because you note american economy is humming along did you know this consumer confidence is at the highest level it's been in 18 years.
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look at this this is the number we got yesterday, 2018. this is 2007 that's the crisis. you saw what happened there. we have blown through the pre-crisis peak. we now have the second highest level of consumer confidence ever recorded. consumer confidence now is only trumped by the top of the internet boom. insert joke here still things are good. oil prices could change that, if they keep rising right now it's fair to say the consumer is still partying like it's one year after 1999 that's your morning rbi. thank you very much for watching we'll see you tomorrow, "squawk box" is next [ upbeat music ]
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good morning surveymonkey's ipo pricing above the expected range details and first on cnbc interview with the company's ceo as they prepare to trade on the nasdaq. nike shares under pressure despite posting an earnings beat we'll show you what ceo mark parker said about the controversial colin kaepernick ad. and trump delivering a rebuke of globalism. we'll tell you what's on schedule for the president in new york today it's wednesday, september 26th -- don't mind me.
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2018, "squawk box" begins right now. leave fr >> welcome to "squawk box" on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s. equity futures. yesterday we saw a down day for the dow and s&p once again dow down by 69 points. s&p off by 4 points. nasdaq up once again this morning green arrows across the board. dow futures indicated up by 41 points nasdaq by 23, s&p up by 5. the nikkei was up by 0.39% in europe where early trading is taking place
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