tubing prices that are not sustainable because of the oversupply >> absolutely. makes sense. thank you for joining us keep us posted, please >> okay. thank you very much. >> that does it for the exchange i'll join tyler and melissa for "power lunch". we'll see you over here in a moment welcome everybody. here is what's new at 2:00 for you on a friday power lunch. a wild week on wall street jobs are on the rise in the u.s. but so are the robots. we'll tell you which areas of the job market, which sectors of the employment picture are the most vulnerable to automation. wall street betting on an iphone surprise as a new report says apple is telling suppliers to ramp up production and fast tech investor is here to tell us what it could mean for the stock

of apple "power lunch" starts right now welcome to "power lunch". the green bouncing back. the major averages on track to end the week down about a percentage point check out shares of apple jumps on that production report. the stock is up more than 3% climbing back for the all time high of 232.35 which it exactly one year ago today we'll have much more on apple a little later on. expectations for a rate cut or two this year are on the rise this week. federal reserve chair jerome powell spoke at a fed listen event. let's get to steve who joins us from boston with the headlines >> kelly, the fed chairman speaking right now at one of those events with the fed taking up public commentary

he is noting that the unemployment rate is near a half a century low which is what i would have said if the chairman hadn't said it he said inflation is running below the 2% objective it's caused the economy in a good place which is the praise a lot of fed folks have used it does face some risk including low growth and low inflation it gives the fed a little less room to cut. he said it's important to sustain the strong job market. we got a chance to talk about the job market a few hours after the numbers came out pretty upbeat but said he's watching numbers carefully >> we're getting the kind of employment growth i would expect in a stable economy. the bigger question is whether it ends up being weaker from here and that depends importantly on what happens on the consumer side of the economy. >> here's the numbers everybody

shouting about and trying to figure out what it all means for the economy. came in at 136,000 that was below the expectation july and august in business are a pretty good sign of 45,000 a lot of that revision was from the government sector being revised up both the current report and prior one show private sector is pretty weak. average wages are unchanged. they were strong and there's the unemployment rate at 3.5%. we have a big difference between the household survey and payroll survey we'll have to figure that out over time. labor was 63.2 we have the one argument this is all the weak jobs numbers are all about the inability the find workers. the other one say it's all about trade. let me read you two comments that were out quickly. this is as good as it's likely to get as long as the trade war is not resolved. leading i understa ining i unde

tors point to 50,000 or so by the end of the year. job growth has slowed due to a tight labor market it's more difficult for firms to hire take your pick and i'll give you a fresh read on where we are a 75% chance of an october rate hike and a 42% one in december that's down a bit. >> steve, appreciate it. thank you very much. >> pleasure. as we had mentioned it's been a wild week for wall street it started on tuesday that weak manufacturing number triggering a two day sell off things seemed poised to get worse on thursday. market bounce back and the chance of rate cut for october shot up. today seems investors got the job report they wanted let's head over to bob for more. a lot of people are saying goldilocks >> that's about right. we're in a sort of slow melt up

mode today it's happened several times in the early part of thy then around 11:30 we passed earlier lows and there was a volume spike. we were moving on the up side. then it happened a few minutes ago. let's call it a slow melt up as the s&p pass the earlier highs in the day that other volume spike a few minutes ago as we hit the highs. what's behind the rally right now? we've got the jobs report cool down some but not all the talk about a recession in 2020. that's the important thing the other big question, did it cool the feds to likely cut rates again at the end of october. most feel it did not the fed is likely to cut for the third time this year it's not strong enough to eliminate fears there isn't a slowdown but it's not weak enough to confirm that things are falling about. it's not weak enough to confirm the bare narrative we need stronger data in the future to get this recession risk off the table

we don't have it yet what's next? we have trade talks. we have chinese delegatiegatiodn the expectation is pretty low. there isn't an urgency because of the economic data maybe we'll get something. we'll get earnings that's heart of the earnings season it will be excellents. the fourth quarter is looking with jpmorgan. on the 15th, well get wells fargo as well. johnson and johnson. those deep cyclical industrial names. the bottom line is we'll have a good idea in two weeks about where the trade negotiations are going and also fourth quarter earnings commentary which will mover the markets. kelly. >> thank you very much president trump pumping up expectations for the u.s.-china trade talk set for next week and the impeachment inquiry. eamon joins us from the white house with more. >> reporter: the president talked about the trade negotiation.

he said that ultimately the chinese delegation is coming next week and we'll see what happens. he was happy to talk about the jobs number. he gave an enthusiastic review he was immediately asked about his controversial comments, his suggestion that the chinese government should investigate joe biden. i asked the president if that's linked in any way to the trade negotiations i asked him if he's more likely to do a trade deal with the chinese if they investigate the bidens here is what he said >> no, it has nothing to do with it i want to do a trade deal with china but only if it's good for our country. it could happen. as you know they are very much coming over next week, as i understand it. i'd like to do a trade deal with china but only if it's a great trade deal for this country. one thing has nothing to do with the other. >> reporter: the president making a clear separation there

between the suggestion that the chinese should investigate the bidens and the ongoing trade negotiation. i've asked if he asked any foreign leaders for corruption investigation that do not involve his political opponents. the president said we'll have to look at that but he didn't have a specific answer at the top of his head in terms of other corruption investigations he may have asked other foreign leaders for that don't involve his political opponent the president saying he's very concerned with corruption generally. >> thank you very much the trade deal and the feds next move hang in the balance as stocks remain on track for their worst week in nearly two months. can the market rally in the face of all that uncertainty? let's bring in larry adam. peter bookbar. why don't we begin, gentlemen, where eamon just left off. that's the discussion of a possible trade deal with china is it as binary and simple as if

there's progress on trade the market can make progress if there is not progress on trade, the market may be in for some rough weeks and months ahead. >> yes i think you need to see some progress it doesn't mean you need a definitive deal but as long as the tariffs, the third traun of does not get fully implemented, i think that would be a positive for the market that's because it's tied to the economy. if you look at the tariffs that hits the consumer pretty hard. 60% of those directly to the consumer i think we need to see progress there. i think the president needs to get a deal if he wants to get re-elected because this economy would be in trouble if we get those tariffs implemented. >> peter, your thought os on th point on the trade deal of whether it would spell trouble for the market let's talk about the jobs number

and get your thoughts there. some people are characterizing it as goldilocks, not too hot, not too cold i think you take a slightly different view >> there's something for everybody within that. you had people looking at a positive that led to the 50-level in the unemployment rate you look at the private sector it's a three month average and it's only about 119,000. that's half at the rate of which we average in 2018 it's clear where the drirection of job growth is going i understand that's the difficulty in finding workers. i think there's no question over the last couple of months, particularly august 1st when we were threatened with the traunch of tariffs they are not willing to commit further expenses until they get a sense of where their revenue line will be >> peter, one of our guests

today said one of the things he's paying attention to is survey da that that's come out over the past few days has been largely negative manufacturing, that kind of stuff. the real data paint a different picture. talk me through that if you agree or disagree. >> the survey data is more timely the hard data that will show up in where the soft data is going is what we'll see over the next couple of months you take the september isms, a lot of these businesses were surveyed up to a couple of weeks ago. that change and attitude which will then affect capital spends will affect higher plans that shows up in the months to follow most important number i think we need to start keeping our eye on right now is jobless claims. not only because it's a high frequency number and out every single week but that's the next thing we have to watch for we have a turning of that and a

slow down in the pace of hiring. will we see an increase in firing and i think that will depend onto whether we have a tariffs being taxed if there's no deal where that gives us some relief even though tariffs will remain which i don't think is a god thing eith good thing either. >> the data we got this morning was back ward looking. it's not as the survey data is taken up pretty much to the last minute with that in mind, we see the market bounce like this, do you buy this bounce? are you convinced this bounce is real >> i agree with peter. i would say a lot of time that could be very fickle and change very quickly i agree these high frequency data points such as the jobless claims and with holding patches they continue to paint a pretty

strong underpinning to this economy. i think that's a positive. that's one of the things that will help the committeconomy. as long as this does not go into a recession, i think we can move higher in this equity market i will point out historically seasonality is a very good factor after some choppiness, 80% of the time you see the fourth quarter being positive that extends into the fourth year of an election cycle. 90% of the time you see the markets positive in that election year. i'm pretty confident in the equity market. we think we end the year at around 350 for the s&p 500 and 3125 12 months from now. >> thank you have a good weekend. >> thank you coming up, the hottest mobile video game ever smashing down low records for activision. apple has a surprise for its suppliers. it needs more iphones.

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welcome back apple jumping as they asked suppliers to increase iphone production by as much as 10% josh has more on this demand >> maybe those new iphones will

prove morepopular than many expected telling suppliers to increase production of a new iphone 11 line up by as much as 10% or eight million units to meet better than expected demand. apple declined to comment on that report. remember tim cook telling reporters that sales of the new iphone 11 series are off to very strong start he did not reveal specific sales figures. apple with these new iphones did emphasize figures that we know consumer care a lot about. speed, battery life, cameras price was a selling point too. the iphone 11 was priced $50 lower at 699 bucks deutsche bank says the growth does look increasingly more reasonableable if this report proves to be true. investors have piled in. apple has soared more than 40% this year. they consider how they expected 5g iphone next year would impact

demand in the quarters ahead this increasing chatter and excitement about that device have appetite for the current iphone 11. >> our next guest bought the stock during the recent market turmoil. joining us is dan niles. why did you speak up apple >> i mean, we talked about this in some prior tweets that we had. september 23rd we put something out saying it makes zero sense to us. it was a trade war attack. hong kong, brexit that the markets up here given what the bond market is doing we were pretty negative then as the market started to slide over the last three weeks the s&p has been down every single week our view was we're getting close. we put out a tweet on wednesday saying we covered our entire s&p

short. what's the biggest stock in the s&p. that's apple degrees this recent slide aing should go with it. we're a lot more positive. in the supply chain than we are on apple itself. i think that's where the real disconnect is. the report this morning they are asking suppliers to increase that has more to do with the disconnect between inventory and revenue than anything else we think those companies will benefit a lot more than apple. >> which company specifically in that report indicated the suppliers were reluctant to actually increase production because they weren't really sure that this demand would actually be there >> that's the exact comment that people should be focused on that you just made. go back to a year ago. apple stock hit an all time

record high in early october and the company sounded pretty bullish. i think we all remember what happened in december by the way, in early october, we had a trade war going on with china and a lot of other companies that were affected by the trade war were getting clobbered but investors chose to ignore that and keep buying apple. i think here are the raw numbers. you look at apple the march quarter revenue was down by june that had gone to up one which isn't great. it's better than negative five if you look at their inventory, it includes non-trade receivables went from plus 2% to march to minus 14 in june. if you're supplying sbo ining s between march and june your business got hammered. what you're seeing today that's why the suppliers are reticent last september they were being begged by apple to give them tons of components and 90 days

later apple employees up and getting rid of all this inventory. that's why the suppliers are reluctant. don't forget, apple doesn't have 5g phones. a lot of the chinese competitors do obviously we're in a trade war with china the third quarter is nice but it's not the quarter that investors should be focused on what they should be fo kcused on is the december quarter. that's 37% for revenue from september to december. much like last year that's the quarter you should be worried about especially given apple doesn't have any 5g phones >> are you trying to imply apple might be in for a repeat of last year which would be a huge disappointment for investors >> absolutely. i think apple is a great hold through the quarter because i think people are looking at what's happening again apple inventory is down 14 in june their revenue is up one.

that's a huge disconnect if you're supplying to apple it should sound good. there's no way to track it directly a lot of people are looking at the component stuff. that's going to sound way better than whatever apple is doing by time you get into the fourth quarter especially the inventory build is what i think it is. you have tariffs go up on september 1st. people are worried about tariffs going up on december 15th. they will be pulling a ton of semi conductor parts in front of that so they don't have to deal with tariff increases. it wouldn't surprise me to see an increase. we'll see how the data goes. maybe people like purple phones much better than i think maybe they don't care about 5g i don't think that's the case but i'll be watching the data and see what happens >> all right, dan. we'll hope to hear from you then thanks a lot as we head to the break take a look at the markets. we have quite a rally going on.. dow up about 280 points.

282. shares of ge down 5% this week today one of the biggest bears piling on in a 90-page note. the golf legend gary player will be here. we'll talk to him about the future of his golf exploits and e efforts. stay with us ♪ you should be mad they gave this guy a promotion. you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad.

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welcome back to power lunch. general electric sitting out the market rally after jp morgan analyst warned of weakness in its aviation unit in a nearly 100-page report this morning this caps off a wild ride for the stock. ge up more than 50% this year at its peak but now down 24% from that february top. let's bring in your trading nation team. steve from blue line futures bill, what are the charts tell you on ge? >> an ugly situation for a while. if you take a look at the chart over the last year going back to the december low, there's a trend line down there about eight bucks. that could bring support what we're looking at is the

50-day moving average crossing back to 200. given that 200, we just failed at that. eight bucks is some support there. i think we're going to see some under pressure potentially if you believe that some of its parts are worth more than this price here if you break ge up, back that chart out. you look back to 2009. you have a trend line 2009 hitting that december low. that comes in around six bucks 6.50 is where you can look for some long term maybe this is worth more than the price is >> 6.50, i think that's where i sold just don't follow my advice. let's move on. steve, tell me what you think. i know you would only own it in your index funds what's your perspective on this company as you place it in the larger context of value and cyclical industrial companies. >> we think u.s. large caps in three buckets. growth names, dividend focus

names and value cyclicals. in order to really like the value cyclicals you have to believe that the global economy is on the verge of reaccelera reaccelerating we in a period of slower growth and increased stimulus. when you look at g earthquae, y some supply chain issues you have the note just a couple of days ago that was rereticent. we think ge is a bit difficult >> thank you very much bill, thank you. have a great weekend, gentlemen. s >> you too >> for more trading nation head to our website or follow us on twitter at trading nation. the jobs report not as weak as many have feared but how will the rise of automation impact the future of the labor market we'll discuss that

out trader releasing its cigarette alternative in the u.s. will the launch go up in smoke a power player gary player is in the house. he'll join us live when "power lunch lunch" returns carl, i appreciate the invite here. as my broker, what am i paying you to manage my money? it's racquetball time. (thumps) ugh! carl, does your firm offer a satisfaction guarantee? like schwab does. guarantee?

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welcome back, everybody. here is your cnbc news update. ukraine's prosecutor general says that his office is reviewing all the cases that were closed by his predecessors including several related to the owner of the gas company where former vice president joe biden son sat on the board there's been no evidence of

wrong doing by biden or his son. president trump's re-election effort raised 45 million dollar online on a surge of small dollar donations driven by 313,000 first time donors that's according to campaign officials. it was part of $125 million that was raised in the quarter. hong kong riot police firing tear gas on protesters before charging towards them. protesters were seen vandalizing shops in the area that belonged to pro-government owners they used emergency powers to ban masks at rallies many the hardening of the the government's stance toward the protesters diahann carroll, the oscar nominated actress and singer who won critical acclaim as the first black woman to serve in a non-servant role in a tv series as julia has died. her daughter says the cause was cancer she was 84 years old you are up to date that's the news update this hour back to you.

thank you. let's get a market check here because we're pretty much sitting at session highs the s&p 500 up by almost 33 points or 1.1% 29.34 is your level. they are in the nasdaq up by 90 points or more than a percent. the jobs report surprising a lot of the bears with non-farm payrolls coming in just below estimates and unemployment hitting a 50-year low. despite this there's major factors facing the job market. slowdowns in manufacturing and services trade war, automation and a widening skills gap. kate rogers is live at a samsung factory. >> reporter: that's right the national association of manufacturers says there's more than half a million open jobs in the sector 4.6 million jobs will need to be filled through the year 2028 and

and half of them may be left open that's due to a widening skills gap. >> if we're not successful in closing the gap, it's bad news for america. we're not going be as competitive as we need to be it means america's economic might will not be as good as it should be. it means lost opportunities or lower standards of living for americans in all areas of the country. >> reporter: that's why manufacturers like samsung are actively recruiting workers. this plant opened two years ago. they have 800 employees and say they will need an additional 200 workers in next few years to keep up with the growing demand for the washing machines they are making here. they are participating in national manufacturing day opening their doors to a middle and high school students in order to get the next generation of potential workers interested in careers and manufacturing that have becoming increasingly cleaner jobs and much more high-tech than in years past

back over to you >> thanks very much. kate rogers. one of the reasons for the growing skills gap is technology 40% of americans are in shrinking job roles. 14.7 million young workers are in highly automatable jobs by 2030, 60% of job growth could come from only 25 cities with us to dive deeper is susan lund welcome. >> thank you hi >> this has resonated a bit on the campaign trail this is a big part of andrew yang's argument about universal income there's a lot of people who think this is a huge threat to their future what makes your forecast different than others we have heard over the years that claim robots are taking our jobs when on day like today it's pretty clear there's employment throughout >> there's historically low

unemployment we're not saying there won't be jobs robots will change our jobs. we look at the tasks and activities that people do every day in their jobs. what we find is for most jobs machines can do some of what people do but there's still room for people when you think about a retail cashier, we can go to a self-check out machine and give our payment. what we need to do when we need to find something in the store we want to ask someone there's a shift from cashiers to sales people i think that overall what we foresee in the next decade is a massive transformation and shift in what people do but not necessarily a shortage of jobs >> you say young workers are at risk of displacement upwards of 15 million of them are in highly automatable jobs how are we seeing this playing out today? how is technology changing the way that people work >> we're seeing it all over the

place. in the last 20 years we saw manufacturing but now you're seeing it in white collar office jobs like executive assistants you're seeing it in fast food and retail what's different is the pervasiveness of technology. it's a real challenge for young people who are coming into the work force in jobs like retail, fast food. a lot of the jobs are your first foot in the door if nose goes a way there's a question of how to get young people onto an upwardly mobile career path. i think it will come down to more education and more skills you'll need more than a high school degree to be employable in the future. >> is it fair to substitute the word low paying for young people in the scenario you paint? in other words, is automation likely to displace more low paid workers than high skilled high paid workers

>> that's true what you should replace the word young people with is people without any kind of post-secondary credentials somebody who has a high school degree or less is four times as hikely to be in a highly au automatable job than someone a a college degree or more this isn't to say every one needs to go to college but there's a big up tick if you have any kind of post-secondary credential whether it's two year degree or shorter online credential that gives you some kind of marketable skill >> i wonder about programming. that's one area where there's really good targeted programs that can get people to the work force right away that can bypass college. those skills once they don't keep up with the times, what happens to those people that have a college education, for example, to fall back on or

skills they can take from one industry into another? >> i think what will become the reality is that people will go through training and re-training throughout the course of their career the model where we go to school for 20 years or the first 25 years of our life and we go work for 40 years and never go through another training or educational program, like that era is over. as you point out when you learn skills today, say you learn a programming language well then you need to learn python and it continues to change. i think all of us will have to get into a mind set of lifelong learning and updating our skills >> how do you think this plays out into the data wages? does automation cap wages or as you mentioned because robots can learn skilled, unskilled tasks, do workers then become more valuable and get higher wages in the long run >> i think it depends on public

policy and how we work with the changes under way. if in fact you are taking away a lot of sort of middle wage jobs like an executive assistant, a junior accountant, loan under y underwriting, a claims processor. if you take those people and don't give them the ability to get other growing jobs in health care or technology or in sales and marketing they might be competing for the same low skill, low wage jobs out there and drive down wages if on the other hand we take that idea of the coding boot camp and create short term programs in a matter of weeks or months to help someone say a bookkeeper go learn a few new skills and become a tax adjuster the tax adjuster role is much less automatable that's a good outcome because you can earn more money. you have a better job instead of migrating downward and competing for low wage jobs. >> when excel was invented people said all the bookkeepers

will be out of work. that's all the women no there was no affect like that. >> now we all use excel. >> created an entirely new industry and a lot of jobs for young people and women and so forth. >> absolutely. one thing i would say. this is why we don't believe in the jobless future our research suggests technology over time creates jobs now for an individual worker it could be a bumpy transition. >> right >> we were seeing in retail there's 50,000 fewer retail workers than two years ago in large part because of e-commerce we will see shifts in the labor force at an individual level that will need to be navigated overall there will be jobs out there. >> all right thanks very much >> thank you to the bond market now rick is tracking all the the action hey, rick. >> it's been a wild day. look at it in a day of twos.

we're unchanged on the day we're down 24 basis point os on the week look at one week are down 16 basis points on the week my favorite graph, stock market is close to the highs. they didn't have a problem with jobs report but look at a seven-day chart with s&p on top of ten year note yields. look at the divergence today if you look at treasury yields you would not think they joinnjd the labor report there's a lot of things that continue to pressure u.s. yields lower. back to you. >> all right thanks as the crackdown on vaping products continues there's a new cigarette alternative. a heat eed tobacco product in t u.s. we have the details. much more power lunch right after this imagine a world where

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the number of case offense a deadly vaping illness continues to rise with 18 confirmed deaths in more than 1,000 confirmed cases across the united states altria has released another

cigarette that's supposed to be safer for the consumer iqos just went on sale >> we just lunched for the first time the first market is atlanta. they opened a store in an upscale mall you can buy the device and the heat sticks which are the little tobacco sticks that go inside the device interestingly you have to be 21 years old in order to enter the store. they check your id when you enter and ask you if you're a current smoker they say if you're not a smoker then you will not be allowed in. >> the market is extremely limited for this device. it's very limited and you can only buy it at that one store. they will be opening another store as well as kiosks around the city you'll be able to buy the heat sticks at about 500 stores but you can only buy the device. >> it heats tobacco. it does not burn it. what do you get when you inhatie

do you get nicotine? is there smoke or vapor that goes into the air and might affect you or your child or what >> they call it an aerosole. it's like an e-cigarette it does contain tobacco. it does not burn there's no ash and no smoke. >> presumably you're not ingesting the carcinogens that come when tobacco is burned? >> the fda says studies found it produces fewer toxins. whether that means it's safe, no no tobacco product is safe the idea in theory is it's less harmful. >> they're trying to avoid getting pulled off the market if people walk in and say they are a smoker when they not going to become one they can't scale something like this or enforce it

>> they have a tough slot. the issue is the fda in authorizing this device for sale is clear about the fact it does not want new people to start using tobacco products they don't want to end up in the same position where we are with e cigarettes right now where you have all of these kids using these products the fda determine if youth use is a problem, they can pull the product from the market. every quarter there needs to be data sent on who buying the product. how old they are they have pretty strict requirements that's why they feel it's worth the investment to make sure the product is getting sbo the right hands and people are using it because if you continue to use this and cigarettes then there's no point >> thank you >> very interesting. mpl coming up, gary player is here we talk to him about including his work to keep the future of golf strong.

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golf from playing to watching to reading about the

game is now an $84 billion industry, and after years of decline following the great recession, the sport has stabilized and started to see growth again while the number of courses growing these days outgrows the number of openings, off-course play at places like top golf spurring new interest. so will a new generation take up the game that folks like yours truly enjoy, some of the time? let's ask one of the great ambassadors of the game, gary player tell us first why you're in town you're here for a two-day pro-am tournament that benefits a foundation of yours. >> it's the gary player foundation and we've been very blessed as all foundation or any charitable events, we've got good sponsors. we have people like sap, we have row lex, and the bank that i work for is one of the most incredible banks in the world in germany. and they've been fabulous sponsors absolutely fabulous.

>> and the charities benefit home >> and different countries for example, in england, we built a home for homeless. people sleeping on the streets at night and they are now doctors and lawyers and such has given them facilities china, we built things for aid centers and built aid centers. the nice thing about all of these charities that we're involved with, you can go there and you can see what'sdone in south africa, we built two schools. it's nice for people to be able to visit who are interested to see what has been achieved >> tell us about the health of the game as you see it around the world. there has been sort of a leveling off in the number of people who are playing in the united states. i think it's a harder sell these days to young people who are used to playing on their devices and golf is a hard sport and a time-consuming support >> it is time consuming. so what have we got to do? we've got to bring in new rules

to speed up the play i don't think that's quite sufficient, however. what we've got to do is build shorter golf courses for a man called jadi barris, we built a golf course that's 12 holes. you can go with your family, have breakfast, nice little par three, get it done in an hour and a half to three hours, it's not time consuming, you have th rest of the day. >> that works for me >> yeah, why has it got to be 18 holes? anything that will speed up the play >> i might be able to score in the 60s on a 12-hole course. >> you certainly will. but if you go to st. andrews in scotland, you can get through a round of golf in three hours but now you see pros setting a good example they come out with a book and are reading a piece of paper on how to read the greens they don't putt any better than the bob charles and all of these great players that played. tiger woods never had a piece of paper and nobody putted better

than he did. we've got to eliminate all of these things that are taking too much time. and we've got to realize that golf, i'm 84, i can still beat my age by an average of ten shots a round. admittedly, i take care of myself to do it. but no other sport can you do that to the degree you can in golf and i can tell you that you do business on the golf course, have a sport that has longevity, you make a lot of friends, it's a game forever and it's a challenge like you've never had. so with all of these new ideas coming up, golf -- a resurgence of golf. >> you say with, why do a golf course need to be 18 holes have you seen any demand for golf courses that have changed how they're designed in order to accommodate the desire for a faster game? >> yeah, like this one for this man, johnny morris, who has the best sporting goods store, he

suddenly realized, he realized it was taking too much time and he has this resort and people don't want to see people on the golf course too long they want them in the resort and the bars and the pro shop buying things so it's been very effective. and jack nicklaus up there, as well >> jack nicklaus has been a booster of this. >> and also to slow the ball down we have to have golf, we can have two different games they've got young man today that are built like tarzan. >> koepka. >> koepka is going to be mickey mouse compared to these guys in the future these guys are going to be like proper weight rivlifters and thr going to drive the first hole to augusta. that will give augusta a very big shock to hear that, because they can't take the tees much further back than that >> but you know what's interesting about golf, you're not a person of huge stature tommy fleetwood, he is a slight

man. and hooe's one of the elite players in the world you don't have to be huge. >> but it's advantage if you can have a great short game and hit the ball 380 yards or 400 yards, which is going to be a common occurs it's a combination of everything but today, they are training with weights, which so many people when are adamant that i would never win another tournament at 35 i did win one at 63. and i sent that as an sms up there and said, i hope you see i'm winning at 63. but now they're lifting weights and training you've got to be strong and eat properly i think i may say the greatest country in the world, the united states of america, the obesity level here, that's my great dream now that i'm finished to competing is to get young people to look after their body and realize it's a holy temple, and be productive for this great country, which they could kiss the ground every day and realize how lucky they are to live here. because what these eyes have seen, how socialism as crippled

the world and the wars and the things i've seen, that would be my dream to see happen in this country. >> you're 84, you shoot ten strokes under your age i'm not going to tell you my age, but i shoot 30 above my age. gary player, my whole goal is to reduce the average cost per stroke that's why i hit more. >> well, first 20 years are toughest kbl good luck >> gary player, thanks so much let's get a check on the markets as we head into the final hour of trading. it has been a very crazy week we have sta&p 500 up, the nasdaq is higher by 1.2% and the dow updy 286 1/2 points. that's a gain of 1.1%. >> fascinating wrinkle that even though jobs report is making people a little less banking, you're not letting that hurt the market we continue to rally >> for the week, we're still down about 1%.

is that right. >> for the week, we are down 0.6% on the s&p 500, which is almost nothing which is remarkable. >> really nothing with all of the anxiety that was attended earlier in the week. >> thank you for watching "power lunch" >> "closing bell" starts right now. i'm going to sit here and talk to mr. player. welcome to the "closing bell." i'm courtney reagan in for sara eisen. at the hp post, that stock is down more than 10% on a session, on a day where the broader market is rallying back, chipping away at the week's losses, just off session highs what's behind all of those moves, coming up >> i'm scott wapner in for wifflfrieed frost the headline, employment rate drops to the lowest level in a half century the president projects an optimistic tone on trade negotiations with china which resume next week and fed chairman powell says the economy is in a good place and it's his job to keep i