>> from my standpoint, volatility don't be afraid of it. use it like any other asset class. when it's low, go in there and buy protection insulate your portfolios when high. >> you just made pete smile. great show amazing show, guys thank you very much. that does it for the "halftime." "the exchange" and kelly begins right now. >> thank you, brian. hi, everybody. here's what's ahead. better data and hopefulness on china trade data sending stocks soaring. previous talks have led to nothing but tit-for-tat tariffs. is this time different brexit mayhem. parliament pushing back. boris johnson losing key votes and even the support of his brother. we have his latest remark and what it means for our markets coming up. >> a glance at the list of all-time highs can tell you a lot about the market these days. what's topping that list today and if we're setting up for a major rotation we begin with today's big rally and dom chu is here with

those numbers. >> a nice little rally hovering around 420 points to the upside for the dow the s&p 500 breaking through a key level rev zuftance or stalling out at the market at 2945 solidly above there right now. the nasdaq up 1.5% as well record highs you mentioned some of those stocks one industry group we're watching in particular, aerospace and defense stocks ita tracks this industry up a percent today. not as big as the broader market but we'll put a star here because that's a new record high and, get this,this etf has a 22% weighting and the underperforming boeing still makes a record high. and it's not all green across the screen some of this safe haven assets like treasuries have been taking a hit. silver that rally from earlier this year was 38% to the up side for silver futures no surprise here when risk comes back into vogue, we're off by almost 4%.

silver, gold, precious metals down all the risk levels up welcome to "the exchange," everyone i'm kelly evans. speaking of commodities, oil is on the move to hit the highest level in more than a month today. copper also seeing nice gains of nearly 2%. and when it comes to rates, the german 30-year bund turned positive for the first time in a month today. and here at home our ten-year treasury is up nearly 12 basis points today and back above 1.5% as we mentioned, the big rally driven by optimism on trade. let's get to eamon javers with the latest developments from the white house. >> that's right. officials telling me there's a wait and see about this new round of trade talks that mirrors the president's wait and see approach if the chinese are bringing something new to the table. that may explain why we saw that statement last night that suggested there was sort of a two-tiered approach to this. first you'll have the deputy level meeting in september, in the next couple of weeks between

the u.s. and chinese side. then, if they build on that, idea of good progress, whatever specifically that might mean, then you might see this ministerial meeting coming up maybe in october but the u.s. side not even committing to the month of october for those meetings that's the wait and see attitude here to see what the chinese are bringing to the table this time that may be different from the previous couple of times that they've had these meetings we'll watch this and see when we get those big figures in a room together mnuchin, lighthizer, liu he. thatheyou have the opportunity for a real breakthrough as the deputy level stuff goes on through september, aides here taking that wait and see approach >> even if the market is jumping ahead to some conclusions. also want to ask you, i believe mari barra is headed to meet with the president any moment. >> she's going to be here within the hour so we expect to see that that meeting has happened we don't expect to see that meeting, though, because they're

not opening it up to cameras as of right now, talking to folks in the west wing asking if we can bring our camera in we'll let you know if we're successful with that i'm told it's going to be a wide-ranging conversation between the gm ceo and the president of the united states not one specific item but you can imagine the china trade and tariffs are all going to be in the mix in the oval office this afternoon. >> oh, yeah. they've had a lot of criticism from the president, of course. a lot to talk about today and maybe they'll open it up for us. eamon, thanks very much. let's dive deeper into today's market action with seema mody on the floor of the new york stock exchange. we've made up a lot of ground since the first tweet about those new tariffs. >> yeah, that's exactly right. stocks once again getting excited about a meeting between u.s. and chinese trade officials in october the s&p 500 getting close to trading at highs hit back in july before president trump unveiled new tariffs, but strategists still remain cautious. we have seen this movie before

trade optimism lifting markets in early 2019. then broke down in may and in august he wouldn't be surprised if he sees a negative outburst on twitter from the president at some point to erase these gainse with every trade-related rally meantime, markets are up as traders embrace this idea that the trade dispute has some sort of room to de-escalate as you know, progress will be key. back to you. >> seema, thanks very much let's get a check on all the action in the bond markets with the ten-year seeing big moves. a lot of headlines in rick santelli's land today. >> absolutely. a lot of movement in interest rates but, remember, august was a huge month down. so the selling pushing it up could be a correction. could be more. remember, we also had good data that really accelerated both stocks and the sell-off in interest rates the two-day of 10 is up 10 basis points maybe the most important part of the curve, the long end. in many different country

ourselves 30-year bond got right up to that 208, 209 level. looka the left of the chart. the all-time low bottom from july 2016 we violated recently huge significance if we get above it and the biggest, interesting move of the day, 30-year bunds in europe. touched zero a little higher for the first time in a month. and they settle at minus 15 yesterday. a huge day kelly, back to you >> with yields this low, those are big moves. companies are rushing to lock in low borrowing rates while they can here. can that propel the stock market to new highs let's bring in nancy tangler, chief investment strategist. and cnbc's michael santoli joins us as well nancy, do you think august was an outlier month as things get back to normal or just because the data was strong or there's more optimism than usual about china trade talks today? >> it's day-to-day, right?

august wasn't that bad and we're having a heck of a year already year to date even on a trailing one-year basis, up about 7%, 8% since the trade rhetoric sort of heated up so i think expect continued volatility we view volatility as our friend but i think until the trade deal is settled, and i really think until president trump decides whether or not being tough on china is his election nugget or coming to a deal is the election nugget, i think we're going to continue to see this fickle response to trade from him and in the markets >> while stocks are moving around, the bond yields have companies rushing in this week a continue of issuance which is normal this time of year this is even more than normal. apple is going to issue debt for the first time in a couple of years. record low 30-year corporate debt for john deere which is in sort of a harder hit part of the market right now you like a lot of technology names. what's your thought in general

is all of this borrowing or setting up for problems down the road >> i don't think so because rates are so low justlook at what you do personally or what i do. if i can earn more than 2.9% on my money, i'm going to invest it and maybe i might borrow i don't recommend that, but i do think it's good for manufacturing because you have the united airlines saying they'll buy some planes. it's good for the market because apple is likely to be buying back stock and share buybacks have slowed down so i think net/net it's a positive as long as debt servicing remains in a normalish kind of range. >> michael, what do you think? >> yeah, i agree that it's a positive that companies are finding ready buyers at these low yields tells you the capital markets are in a relatively flush position and it mitigates the message that investors were taking from the extreme lows in government bond yields if you look at the treasury market and said it's saying something scary about the course

of the economy going ahead the fact that corporate issuers are able to actually refinance their debt or finance buybacks or new projects and essentially investment grade corporate debt in the united states is down close to the lows for the cycle. well under 3% as an average yield. so it does tell you that there's a positive it's also a prop to equity valuations it's one of the inputs into how much would you pay for a dollar of earnings in the stock market? what is the debt levels? and that's a hurdle. i think it's a positive until it becomes a negative, which is when the market seizes up. >> we're showing a high yield chart there. you'd expect high yield debt to perform poorly if the economy was weakening. instead it's been strong that's one way to watch and see whether this slowdown is happening or not so on the federal reserve, i thought markets may be more upset that the better data today or positive news on trade would lessen the chance of future rate cuts they seem to be shrugging that off. >> i think a 25 basis point cut and the market is demanding it

the market is demanding a 50-basis point cut if you look at where we are globally our short rate is our fed funds rate the government may take a page out of corporate america's books and issue longer debt at these levels and bring down our debt servicing costs and save hundreds of billions of dollars a month. >> and lock that in. >> on the china trade talks in particular, do you attribute a lot of today's action to these headlines? obviously, they're big headlines. we're used to having to deal with skepticism about what actually comes to bear, even if this meeting does happen >> i think that today's news was sort of the extra little turn of the pressure valve that released more pressure off the market i do think it's constructive but i think the way i would look at it, i don't think the market is in a position where it's pricing in any kind of a deal whereas arguably, earlier on this year, we may have been pricing in something more certain. it's an incremental positive i don't think that's what today's rally is all about by the way, the market still

does trade in sync with those bond yields. and the indexes have fallen. that dynamic remains at play but in a more relaxed way than we've been in the past >> you still like palo alto. microsoft. salesforce.com names you're sticking with for the foreseeable future >> wooefr been net sellers of the consumer discretionary multiples have run up. software is a place where i think companies are still going to spend and i also think the ism numbers today in the services sector were very powerful you saw the futures pop that news i'm worried about productivity because we haven't seen the spending and it tends to be a lagging indicator, but software growth at multiples we're seeing in some consumer staples >> well, compared. >> yeah. >> you'll take it. >> guys, thank you both. nancy tengler and mike santoli here's what else is ahead on "the exchange. >> coming up -- the brexit battle is heating up >> they want and we want this

business to be over and for us to leave the eu on october 31st. >> with a deadline fast approaching, where do we stand and what would a hard brexit mean for our markets plus -- 7,000 hotels in 40 countries. we'll talk to the ceo of choice hotels about the state of international travel and slack sinks, and wework's valuation is cut in half this is "the exchange" on cnbc

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welcome back to "the exchange." the brexit situation continues with boris johnson speaking saying he doesn't want an election but doesn't see another way. he's promising not to delay brexit listen >> can you make a promise today to the british public that you will not go back to brussels and ask for another delay to brexit? >> yes >> and -- sorry. >> i can i would rather be dead in a ditch. >> memorable line there. where do we go from here on brex snit joining me now, nil gardner, and cnbc contributor michelle caruso-cabrera. so, michelle, boil this down for us does everything that's happened this week with brexit make it more or less likely that there's going to be a hard brexit on that october 31 deadline >> less likely the parliament has outmaneuvered

him and is working to pass a law that says it's going to prohibit him from doing anything without a deal so hard exit on 31st which the markets have really been set up for unlikely that's why you see the pound climbing today however, that doesn't mean that brexit is not going to happen. we're going to have an election, and that's going to be the decisive factor. >> tell us about this election the whole population turns out and basically votes to give him another referendum -- another sign of support for brexit or not? >> well, boris johnson is calling for a general election on october 15th. and the polling indicates conservatives certainly will receive a majority as a result of this election, if it is held, i think in mid-october so i think the outlook looks very good for the conservatives moving forward if you combine the projected conservative vote, about 35%, with that of the brexit party at 14%, that's nearly 50% of the

population there so i -- there's a good reason why the labor party is not supporting a general election because they would be absolutely significantly defeated in this election and i think that the election certainly would result in a significant majority for the conservatives and a pro-brexit majority and i definitely hope that the parliament votes in favor on monday of the general election this is the best thing to do now for britain. >> but now is it -- so that's very interesting that you think a mid-october election would instill a larger pro-brexit majority in parliament and maybe strengthen the current prime minister's mandate is there a chance that parliament will not go along with that and not approve that election >> yeah, certainly a good chance parliament is going to vote against another general election because jeremy corbyn, the labor leader, is running scared at the moment and he knows that the labor party will be heading for

defeat and, therefore, corbyn, so far, has not backed a general election october the 15th. and i think that in order to solve this impasse, there has to be a general election. boris johnson has made it clear he's not going to seek an extension of article 50 on the treaty of the european union which would extend the date of brexit and, therefore, i believe the only way forward is for a general election vote on this matter and i think there is definitely a majority in favor acting decisively over brexit >> in that case, things move ahead quite quickly, but that's not the only possible outcome here >> so i agree with nile a lot there. what's being argued about is when will there be another election i agree with him that they should have one. there's got to be something definitive about what the british people want. people have called boris johnson undemocratic because he suspended the parliament >> they voted for brexit three

years ago. >> british people voted to leave, and they haven't left and some people are screaming for a second vote. well, this election would be exactly that if boris johnson says we're going to leave, under any circumstances, we are going. that's your, you know, your levers and then if you don't want to leave, vote for the other side and we can finally have an answer a confurmatiirmation or not. >> of what happened in 2016. >> we've talked about internal drama in britain, forces for and against. what about the european union. can they stop this how much power do they have to stop or slow this down if he says, i have a mandate, we're leaving. that's it. >> theresa may went into the negotiations with them as somebody who actually really in her heart wanted to remain she was very soft in her negotiations i think if she probably had far more leverage than she realized and said we're going to leave. i think she could have cut a better deal. this was the whole thing with boris johnson set up to achieve that and parliament has hamstrung

him. wrested foreign policy away from him and taken away any leverage he had his leverage wurkas, if you dont give us a better deal, we're gone can you, europe, accept those financial consequences >> his only option is to get a stronger hand basically because he's just been weakened already with the one he has. thank you both clarity for me at least which i very much appreciate coming up -- twitter suspending its tweet via text feature after hackers access ceo jack dorsey's account. but the way they did it may surprise you the new ways hackers are launching these cyberattacks and hurricane dorian has devastated parts of the bahamas. as aid money starts flowing, we'll talk to one celebrity, bethenny frankel, whose unti hpefodaoneld the hurricane maria recovery "the exchange" will be right back to introducing products faster...

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vo: there's more negativity online than ever. reputation defender ensures that when people check you out, they'll find more of the truth, not trash. if you have search results that are wrong or unfair, visit reputationdefender.com or call 1-877-866-8555. welcome back to "the exchange." let's take a look at the markets. the dow up 480 at the highs. we're up 403 right now a 1.5% gain. the dow and nasdaq up that much. the s&p lagging with a 1.3% gain up 37 points taking a look at the sectors. financials are leading language with industrials utilities and staples are the only two in the red right now. caterpillar, ibm, intel and jpmorgan are your leaders. caterpillar up 3.5%. and look at slack today. the stock sinking following its

results last night it turned positive midday before dropping again they posted strong revenue but warned the pace of growth is slowing and shares down nearly 4% also retail names are hitting all-time highs today and it's a familiar list ross stores, target, estee lauder and dollar general all seeing nice games. now to sue herera for a cnbc news update. >> hello, everyone here's what's happening at this hour defense secretary mark esper visiting germany to update allies on the peace talks with the taliban. but he cautioned that no final deal had been sealed the u.s. envoy in afghanistan said earlier this week that a deal had been reached in principle to end the war here at home, hurricane dorian is pounding charleston, south carolina, with powerful winds and heavy rain this as the category 2 storm moves its way up the south and north carolina coast more than 200,000 homes and businesses are without power and the education department is fining michigan state

university $4.5 million for failing to respond to sexual assault complaints against dr. larry nassar the announcement coming from education secretary betsy duvoss who says the university's failure to act created a sexually hostile environment the pittsburgh post gazets won a pulitzer prize for its coverage of the deadly shooting at the tree of life synagogue. it received a $15,000 cash prize, but instead of keeping the money, the staffers decided to donate those winnings to the tree of life to repair its bullet-riddled temple. that is a news update this hour. back to you. >> sue, thank you. about 30 minutes until power lunch. i'm joined by tyler mathisen welcome back >> nice to be back you know what tonight is -- >> nfl kickoff >> nfl kickoff the 100th season what better way to begin it than with the greatest rivalry, arguably, in pro football. the packers versus the bears at

soldier field in chicago mike tirico will be with us. we'll talk about everything having to do with the nfl. we'll get his predictions for the year ahead look at tonight's game and discuss some of the business issues that confront the nfl, including looming labor negotiations in a couple of years. the expiration of tv contracts what will happen there who will get in. they may be going after "sunday night football" on nbc, espn said to be jockeying for that. we'll talk about all that and more with mike tirico next hour. >> we'll see you then. here's what's still ahead on "the exchange. >> ahead -- slack disappoints the street wework may not be as valuable as it once was. here comes the nfl season. and with it, a battle for at a arang th'sllhead on "the exchange." lower carbs. lower calories.

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welcome back let's catch you up on stories that should be on your radar today. it's time for "rapid fire. here to break down the headlines, leslie picker, dom chu and look at some of the names hitting all-time highs

it's not fame, guys. it's hershey, mondelez, p&g and walmart. dividend plays up 13%. utilities, dom, up 18% i'm sorry, that's real estate. utilities up 16% all of these well outpacing the broader s&p 500 up just about 3% in that same time. >> it's crazy. it's been a theme. if there had been a trend to talk about, it was this idea that as treasury yields continue to follow and income investors wanted that check every quarter, every month, whatever it was, go to places where they pay you and those consumer staple stocks and utility stocks are not sexy. they don't even grow but they pay you periodically. if you're looking for that paycheck, that's a huge thing. a lot of folks have said that chase for that paycheck every month, every quaer, evy year, has now pushed elevated these valuations to a point where they're not worth it anymore. >> look at what's happening in the bond markets yields are going back up the biggest question going into the back half of the year is does this rotate

does what's led us to this point now start to take a back seat. >> that's a good question. and it was last week that we saw the average of the s&p 500 stocks that are dividend payers, the average of those dividends superseded the ten-year yield for the first time going back a decade, which is pretty interesting. you bring up a good point for people who are investing in these areas. what happens when that does reverse, if it does reverse? do you start to see these dividend players come back down to earth ever since q2 we saw a lot of hedge fund positioning in defensive sectors. so this is a trend going on for quite some time now. >> we usually think about them as momentum players. and momentum names sure, it's tech. no, it's the utilities that's what kind of year it's been david faber confirming wework parent company, the we company, will pursue an ipo valuation of between 20 and $30 billion that's far lower than the $47 billion figure initially bantied around he was saying this morning even

at $25 million mark may be a little -- >> this still is very much in flux even people i was having conversations with a couple days ago surrounding valuation were saying it could be slightly higher than that so it's clear that things are kind of a moving target for wework their actual launch date hasn't been set yet they are bantying around a couple of dates. until they're on the road it's hard to get a sense of investor demand headline after headline that comes out has caused sentiment to be lower than executives were initially -- >> the trademark headline. that to me was such an interesting little window into his company where the ceo sells the trademark to the company and then you saw today, he says, never mind i'll give the company the money back >> they reversed a couple thichks that were bad for publicity. one was the trademark thing. he effectively paid himself $5.9 million in order to trademark the company we company compared

with wework. there was also publicity, cnbc included, that pointed out the fact they had no female directors on their board well, yesterday they came back and said, you know, we actually have appointed francis fray who is an academic female to the board, effective after the ipo. and an intention of improving our diversity by appointing one more person. then this valuation comes out. it seems they had kind of these intentions of doing one thing and thenhin the last few days walking things back, including the valuation is just a piece of that. >> yeah. >> i'm curious when these companies have to show a path to profitability. how many losing numbers can you see. >> ask amazon. >> if you look at uber, lyft, we've seen it this year with their big ipos and they say, at some point we're going to be profitable, but we don't know how and we don't know when i'm wondering whether the pressure starts ratcheting up to start thinking about when we can turn this profit >> it's one thing if investors say we get the long-term

picture. we're going to give you some rope and figure this out when they don't understand what that business model if that's going to work long term, obviously, they're not so willing to give them the space to do that >> here's the thing. when you ratchet down expectations for your valuation, that much, the silverish lining in that is that there's runway for the stock valuation to go higher right? so we've been talking so much about -- >> like when companies lower guidance >> when they priced it lower, it may give the impression for some investors out there whether they are smart and sophisticated or not, that there's the potential for this company to grow into the last private valuation as we saw in beyond. so if there is that case -- >> versus being overhyped. >> overly hyped and setting expectations so high up there that you can go nowhere but down, this might be one of those situations where you say, okay, let's see. maybe we allocate a little bit to this given the fact we have a slightly less valuation than we

thought you were going to. >> softbank was the key investor that set that $47 billion valuation. so -- >> and they have a serious ax to grind. no doubt about it. >> that's fine a couple hundred billion dollars. a long time to wait. >> and multiple visions -- >> moving right along. big news this morning. facebook launching its dating feature in the u.s. today. this product will be available to users 18 and up and will give instagram users the ability to integrate their posts directly into their dating profile. look at shares of match group. they own okay cupid but importantly tinder it fell about 5% on the news still down at those levels facebook up 1.5% >> i checked it out, even though we're all married, but in the name of research, i went on to check out the dating app on facebook and it's super easy to use your profile is already there. they already have all this information about what you like. >> is it anonymous >> no, it -- they say they don't post your dating stuff on your facebook page.

so supposedly there's no crossover in that. >> because your parents may be on your facebook page. >> you don't want them to -- >> your husband may be on your facebook page. i mean, does your husband -- i never pressed confirmed because i didn't want there to be a story on page six about my dating profile but at any rate, the fact that it's free makes that, you know, even more attractive and it's super easy to use whereas with match you have to go on, sign up, there's a subscription, there's the profile. this one, it's all there your profile picture if you want to just navigate it over, you can. >> we knew this was coming match shares down about 20% on the day this was first announced. and they are falling again today just tells you about the nervousness. >> we've already talked about all these dating platforms have a fairly robust install base but they are nowhere near as robust as facebook or social media in general so people thought about total addressable market when you're talking about opening up a dating world to

hundreds of millions of people, not say they're all -- but the pool is huge and so if you have a total transportable market that big, maybe it's worth it for them to look at the platforms and say this is a formidable competitor and we'll ratchet down valuations because of that >> we'll see how popular this proves to be contessa will let us know. >> i'm going to keep it secret >> before we go, the 100th season of the nfl kicks off tonight on nbc it's a showdown between the bears and packers. and ratings actually rebounded last year for the nfl. up about 5%. the real question is about network tv the influence there just keeps growing. look at these numbers. last season, nfl games and related programming made up 24% of nbc's overall ratings this is from moffett nathanson 25% for cbs. over 60% for fox oppenheimer today upgraded our parent company comcast saying the street is underestimating their ad revenue

also saying it's really the internet which is the strength of that business but there's a lot at stake for how well viewership goes this nfl season >> far cry from anthem protests and everything else that we were talking about just a couple two, three years ago. this idea the nfl has the power that it has. and it's something that jerry jones talked about on our air just this week in terms of the contract that he's giving out in terms of the players and what they're worth and everything else. what it comes down to for football is whether people are going to watch, no matter what platform it is to my, this is the most fabulous time for sports, for me personally as a fan. >> the most fun? >> it's the most fun i look forward to it every year. my fantasy football draft went off a couple of weeks ago. i'm primed and ready to go i'm just one of a millions and millions of americans out there who are feeling the exact same way. >> so a couple of questions hang over this. the trends of the younger demographics nfl launched itself on tick tock this week trying to stay relevant concerns about health and safety andrew luck's retirement coming

at an inconvenient time for all of that. but just like last year, patrick mahomes ignited a lot of excitement >> talked to leslie about this >> she knows this one oh, so well >> wearing her chiefs red. >> exactly why i wore the red today. >> that's what it comes down to. if they have the stars and story lines, people will watch >> and they do they do. we're not even going to talk about antonio brown and what happened this afternoon with that development >> suspended apparently. >> we'll see what happens. >> amazon, which got into this game as well last year is showing us the way that streaming could be challenging broadcast networks and if they can ramp up their coverage to include those story lines, the stars and all the things the broadcast networks know really well how to do, far better than the upstarts, it could prove challenging. right now football and broadcast, it's a symbiotic relationship football needs broadcast broadcast needs football >> who needs who more? watch disney in this regard.

i know disney has a million other things going on. if espn which is suffering viewership declines from "monday night football" owing to the quality of these games says we want the sunday night package. we'll pay up for that. the ripple effects of that and whether disney goes with that is going to tell you a lot. >> the other thing that makes a difference on how football fares is mobile gambling as more states adopt sports betting on your phone, judge the nou -- not just that you can go to a sports book. >> how many new shows are there dedicated to sports gambling >> i would say this. if you take -- there is no such thing as a sure-fire 100% guaranteed trade or anything else not in the markets or media or the one thing that's come darn close to a sure fire way to make money is the nfl and it's been that way for decades at this point. so -- >> making me nervous already >> i know. maybe not for my niners. >> they have that labor agreement coming up.

they have to agree to that before they tackle streaming it was interesting to hear from jerry jones on a lot of that this week. we'll see what happens tonight thank you all. dom, you'll be watching. >> i'm watching. contessa brewer, leslie picker and dom chu. hurricane dorian has been ravaging the bahamas for more than 20 years. up next, bethenny frankel has been there she'll tell us what she's seen on the ground already and how you can help "t ehae"ilbeig back one to five? it's more like five million. there's everything from happy to extremely happy. there's also angry. i'm really angry clive! actually, really angry. thank you. but what if your business could understand what your customers are feeling... and then do something about it. turn problems into opportunities. thanks drone. customers into fanatics change the who experience. alright who wants to go again? i do! i do! i have a really good feeling about this.

welcome back at least 20 people confirmed dead in the bahamas following dorian's path of reinstruction the bahamian prime minister calling this generational devastation and saying it will require a massive recovery effort those efforts are already under way. my next guest says her foundation has already raised more than $500,000 joining me on the phone is bethenny frankel, founder of the be strong disaster relief

program. you went down and saw what happened with maria. thank you for joining me what do you see in the bahamas right now? >> well, i want to clarify the bahamas is a big place and not every inch of the bahamas is decimated like this because i don't want people to think they can't travel there and the bahamas is a beautiful place and there are some unaffected areas. but the areas that are affected are completely decimated, and it is a total catastrophe and we've now raised literally small donations of $5, $10 to $20, it's up to $750,000 we have a warehouse on the ground collecting donations relief to be distributed by barges more immediate sense today, we have four flights that are going off. we have one mission yesterday. i'll be on another mission tomorrow and sea planes with former navy s.e.a.l.s. they are equipped for medical

care they have rafts. they have dirt bikes to get in and really rescue people coordinates to find out where people are because now is very early in the relief effort. now is the time to find out who is hurt. who needs medicine who has to get out of there. it's a very, very urgent, critical time. >> and a lot of our viewers, obviously, are -- they want to know how to help, how to contribute what's your advice to them and is there anything to avoid doing at this point? >> so, obviously, you know, bethenny.com/bestrong is how you donate and 100% goes to the relief effort. it's very important. people need to feel empowered and to understand that i'm doing minute to minute updates on my instagram story and twitter so people understand here is exactly where your money is going. today it's on search and rescue missions and to bring generators and to bring crucial items like saws and tarps and the mission

will continue to evolve. and at the same time, our warehouse in miami, you can donate relief there. we have a donations relief which we did for puerto rico and we send to the bahamas on barges so we have a multitiered relief effort going with the best possible people. and you have to plan for this exact disaster because no two disasters are the same >> you mentioned not the entire area has been devastated is it important for people, as the storm clears, to resume traveling there, and are there areas that are spared and where people should go and spend money and make sure that that helps the parts of the island that are still just fine, or is it too soon to tell if that is worth doing? >> it's a great question it's a very interesting fine line you're telling people that we need your help and we do, just like if the

carolinas get hit really badly, they'll need our help but you can still go to florida. there are places in the country and places you shouldn't go to yes, the bahamas is an amazing, thriving place with many beautiful hotels open and it's good if you want to give back to put money into their economy and that's why we also raise money for cash cards later for the rebuild. put money back into the economy. but the areas hit are, as of the worst hurricane damage that we've ever seen and looking worse than maria right now it's really total devastation. not the entire country of the bahamas but the places that we're doing our relief efforts are very, very bad trying to not mix messages but make sure we're getting it out that the bahamas will, you know, will survive >> yes, and b strong we just showed the details so people can go on your website and find out where to donate and hopefully contribute to that effort bethenny, thanks for your effort

and your time. even twitter's ceo can't be protected from having his twitter account hacked ahead, we'll look at how hackers are finding new ways to get into your account and what the social media platforms can do to combat that here's a look at the top performers in the s&p 500 today. a lot of retail names. tappestry, nordstrom, capri and the mosaic co. we'll be right back. es everythi. you're right sir... everything. no not everything, i mean you're still blatantly sucking up to me gary. brilliantly observed, sir. always three steps ahead. six steps ahead. sixteen. so many steps. you done? a million steps ahead. servicenow. works for you.

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a strong rally today dell hanging on to a better than 400 point gain that's 1.5% increase for the blue chips and nasdaq. the s&p up 37. 1.3% so strong gains across the board as yields also are back on the rise the ten-year yield there above 1.5% today zblncht twitter temporarily disabling the ability to tweet via text after jack dorsey had his account hacked julia boorstin has the latest. >> well kelly, twitter says it's doing everything they can to block hacks. but as its platform gets locked down, hackers are finding other

doors to get in. thisz, they succeeded by going through the mobile carriers in what's called a sim card attack. they can get by bribing to switch over a phone number to a hacker's sim card. that's why twitter shut down the able toy tweet via text message and they're working to approve two factor awe thentification. now sources say the company's frustrated that no matter what it does to shore up protections, hackers will find vulnerabilities like sim swapping dorsey's hacked tweets came via at&t we reached out they directed us ctia. it pointed back to the responsibility of consumers saying it gives tools to preblgt themselves including pins and passwords. this could become a growing issue for the carriers at&t is still batting a lawsuit from a crypto currency investor

alleging a sim swap enabled a hacker to steal nearly $23 million worth of tokens. >> i had never heard of it before so i need to figure out what i thiede to do. thanks now choice hotels is known for mid scale family brands like comfort inn. the ceo will join us us how the company is making a move to target business travelers. and tune in to closing bell today for an exclusiventvi ierew with box ceo aaron levi at 4:00 p.m. eastern don't miss it. e. e. now, we've got away around that. looks good. we're on target. blockchain on the ibm cloud helps pinpoint a problem anywhere from farm to shelf. it's used by some of the biggest retailers everywhere. a nice lettuce. so more food ends up on your table, is that daddy's lettuce? yeah. and less food goes to waste. ♪ ♪

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global tourism hit a record high last year and our next guest profited choice hotels has rallied 30% this year. has outperformed peers over the past three years in the past few u months, we've heard from macy's and tiffany who are noting an international travel as our trade war with china continues. joining me now for more is pat, the ceo and president of choice hotels and it's great to have you here welcome. >> thank you >> what effect are you seeing from any slow down in tourism lately >> the u.s. has been really

losing market share with regard to international inbound since 9/11 so this has been a long trend where international inbound has been b picking up other countries. it's important we as a country continue to sell the usa so we continue to have that inbound travel our company in particular however about 90% of our earnings and hotels come from the domestic u.s. traveler so we're somewhat insulated but in those gateway cities you see some impact in it. >> you think the u.s. isn't marking itself that well these days >> the country, we have an organization called brand usa which is really an attempt by the u.s. to do what other countries do, which is sell the benefits of coming here. our national parks some of the fantastic cities that we have we as a country can do a better job marketing that to inbound international travelers. >> wow i did not realize it was coming to that.

terms of that need trying to take that as a hopeful sign that people are traveling more in general. let's talk about what's going on in the u.s 90% of the business, a lot of confusion about what's happening with the economy right now what can you tell us >> a disconnect between what goes on in wall street and main street when i look at the industry fundamentals, consumer confidence is high unemployment is at an all time low. gas prices are low and getting lower and expect ed to say that way for the long-term. so those are a great catalyst for travel and we're seeing that in our industry. we've been at record high occupancy levels as an industry. here at choice whotels, we've been taking our biggest brand, comfort inn, and there's now 2.5 billion more reasons to stay there. that's the amount of dollars we've spent in renovate iing tht brand. which is our largest brand and the reason we're doing it is we want to capture more of that

corporate midweek business in that segment and that is is an opportunity for us to help reposition the company tod today, we're about two-thirds are lsure, about one are business the total market is about $1.7 trillion in corporate travel so we see a real opportunity to capture that >> are you see iing any impact pact in the carolinas from dorian >> we are. we have about 47 hotels in the evacuation area so those have closed those will probably open up the next 24 to 48 hours as first responders and repair crews come in to assess the damage. that's really a key role our hotels play in the aftermath of a storm. >> you guys are right there in all these communities on the front lines. great to get your point of view and from the investment you're making, seems like you don't see a slow down so that's welcome news >> true. >> thanks for joining me, the

ceo of choice hotels that does it for the change. join tyler and melissa for "power lunch" which starts right now. thank you very much and we'll see you here in a moment welcome, everybody here's what's new at 2:00 on "power lunch." the record rally is back on. thp inches away to its all time high. been a rough ride for lyft since going public, but one analyst says the worst is over for the beaten down ipo. he'll be here to make his case and later, are you ready for some football? of course you are. ahead of tonight's kickoff, mike turico will join us with his nfl season playbook. we'll enter the league as it enters its 100 year. "power lunch" starts right now