tomorrow night tucker karl on will be with us. judge jeanine pirro. thanks for being with us tonight. and good night from new [cheers and applause] >> has gone up 55%, sir, since you've got elected. 55%. cheryl: up is right, optimism about future deal with china on the heels of new deal with canada and méxico, boeing and caterpillar. lauren: helped dow hit record high this year, closing in on 27,000, added another 122 points yesterday. cheryl: will this rally continue today? well, looks like at this point we are on track for that. the dow is up 53 in premarket,

nasdaq is up 20 and a quarter. lauren: all eyes on italy in europe, will the country rein on spending? cheryl: south korea and shanghai closed for holiday, as you can see nikkei and hang seng with bit of pressure. lauren: too early to talk about christmas? will there be joy, toys"r"us may not be dead, fbn:am begins right now. ♪ cheryl: 5:01 a.m. in new york, it is wednesday october 3rd, good morning, i'm cheryl casone. lauren: halfway through the week. good morning, i'm lauren simonetti. cheryl: i like the joy for the holidays. lauren: positive news. cheryl: we al get the positive news for you with the markets the dow hitting all-time high yesterday, jumped about 122 points and change this as president trump continues to

tout his administration's trade deal with méxico and canada. >> the u.s. mca is an incredibly victory for farmers, rarchlers, factory workers and our entire nation. [cheers and applause] >> america is winning again and is america is being respected again. cheryl: the companies that are sensitive to trade leave the dow higher watching boeing, 3m, caterpillar all the of names contributor, more than half of the dow's gain. 102nd record close. lauren: jay powell says he sees no need to drop the gradual approach to hiking interest rates.

>> inflation is currently running 2% objective. and while the two top line statistics don't always capture inaccurate picture of the overall state of the economy, wide range of data and prices do support positive view. lauren: the u.s. never experienced such extended period of stable inflation and very low unemployment since 19250. the fed raised interest rates by quarter point last week. cheryl: another meeting to watch next year. the dow hitting record high after gaining 12 points what is behind the big push towards 27,000. let's bring in diversified wealth adviser dominic, hey, dominic. >> how are you? cheryl: as experience proves from past stock market booms that you and i have potentially covered and participated in, it looks like you keep answering the question and getting the question, is the markets too

frothy, how do you respond to the general question if you receive it? >> if you look at the multiple, the markets are cheaper today than january 1st, the tbact of the matter is earnings quarter over quarter have been fantastic and have been supporting the levels we are at right now. cheryl: we watched big names, boeing, caterpillar up, 3m, key names. if trade goes off the rails, if things start to look like they are not going to be working out with china or dicey, we saw this with canada and méxico in the negotiations, does that means they'll be volatility? >> you can expect it, right? >> you can focus on economic

indicators all positive data, you to look on the horizon with china and japan now. cheryl: let's listen to what the president had to say about the negotiations last night at a rally. >> what are we doing? we are helping them, we've rebuilt china, they have taken so much money. i like president xi, the head of china but i said, we can't do this anymore, i hope we can make a deal with china, but honestly, who knows, we are happy where we are, very, very happy. cheryl: kind of hard to read the tea leaves as investor. >> this president negotiates like no one else. we have seen it in nafta negotiations, sometimes he's very loud, strong on or aboutor but they negotiate the best deal of everybody deal. i do think china negotiations will take a lot longer than everybody anticipates, probably going to next year, overall a

win-win situation for both countries. cheryl: $40 and change is the average, really it's about jobs this week, we will get the job's report on friday, estimate a little bit lower than actual august number, 185,000 jobs added for the month of september and the unemployment rate sticking around the same levels, do you think the job's report will be a major factor this week? >> look, it's been a major factor all year long, average of 200,000 jobs a month, 2.5 million jobs a year, that's people who have real money in their pocket who can now afford and go spend that goes right to the bottom line of the companies that are selling products, cars, houses, everything that goes along in the economy, this is a real positive part of the economic story. >> consumer spending two-thirds of the economy. great to see you. r have a great day, cheryl. cheryl: you too. lauren: amazon paying u.s. workers at least $15 an hour and that is putting pressure on other companies to raise wages

as well. amazon senior vice president for worldwide operationsday clark announced the plan first on fox business interview on mornings with maria. >> we thought about it and listen today critics and thought long and hard about our approach to wage and decide today leave. we look at 7.25 federal minimum wage we think it's too low and begin to change that, we we wanted to take a leadership position, we decided to go now. >> the labor department says average wages for warehouse 4.56% to $18 an hour. cheryl: well, fox news that is learned that the fbi probe into sexual assault allegations against supreme court brett kavanaugh could wrap up today, if a report is, indeed, delivered a final senate vote could follow within days. >> one thing for sure, the senate will vote on judge

kavanaugh here on this floor this week. here on this floor this week. lauren: got it, ex-boyfriend of dr. ford is raising questions in letter to judiciary committee obtained from fox news the man contradicts about past experience with polygraphs and also said she never voiced fear of flying, that prompted chuck grassley for asked lawyers for polygraph results and notes from her therapist. >> we will be talking to lawyer later on in the show about exact story and what the questions are now. moving onto instagram, users are finding the service not working, reports say the outage includes cities such as london, san francisco and singapore. the app displayed error message, couldn't refresh feed, well, its website did not load for users, many users take to go twit the

other complete about the outage, the app has more than 1 billion active users and instagram is owned by facebook. lauren: might not be done after all. cheryl: tracee with the headlines. tracee: wall street journal is reporting that the lenders who now own toys"r"us as well as baby's are us have canceled -- changed plans to cancel the company, more than 700 stores closed in july, absence of the store left 11 billion-dollar hole in the toy industry. cheryl: i hope it comes back. it's toys"r"us. jc penny making changes. tracee: has renamed new ceo who left company in june for lowes.

she help today revitalize branding to have craft retailer, refresh the merchandising strategy and expand digital capabilities. cheryl: joanne stores are opening new brick and mortar store? lauren: you need to feel to get creative juices flowing. tracee: plans to go public and what could be one to have biggest recent ipo's by chinese company, according to sec filing the company aims to raise a billion dollars which could value at 25 and $30 billion, that amount would make it the third largest chinese ipo to list in the u.s. since the beginning of this year. lauren: all right, we will see, i'm sure they are competing.

cheryl: we have a lot more coming up, next up hillary clinton, she's at it again. this time she's weighing in on judge kavanaugh saying his supreme court nomination drama is a political hit job on behalf of the clintons. [laughter] >> i mean, really? it deserves a lot of laughter. cheryl: that's just the beginning, wait till you compare her 2016 presidential loss to. italian police shut down rome airport over suspicious bag and you will not believe what they found inside, taking a look at futures after yesterday's record for the dow, dow up 40, s&p 5 and a quarter, nasdaq up 15 and 3 quarters, you're watching fbn:am. al-time analytics,

you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today.

lauren: good morning, welcome back, at the close of trading yesterday the dow was 227 points away. that's it from 27,000, another milestone, we could there today, tomorrow, this week, we will see. s&p up 5, nasdaq up 15. well, two letters discovered by mail readers at the pentagon have tested positive for deadly poison, addressed to secretary james mattis and top navy chief and the secret service

intercepted a suspicious letter to president trump but did not comment on the content to have envelope, the investigation is ongoing. white house is slamming the new york times over a new report claiming that president trump committed tax fraud with 413 million-dollar loan from his father. white house press secretary sarah sanders calling the report a misleading attack on the president's family by the failing new york times. since speaking of misleading, check this out. police said an airport in rome blowing up suspicious suitcase that turned out to be filled with coconuts, according to witnesses on the ground. police closed down an entire airport for dealing with unattended bag after seeing that the bag was with destroyed coconut, they walked away leaving the reminiscence on the floor just like that. cheryl: okay. lauren: people walked over coconut? cheryl: and flip. somebody had a fun prank with that, i think.

lauren: what a story? you can't make this stuff up. cheryl: you can't. back here in the u.s., brett kavanaugh says that the political hit job that's putting his confirmation in jeopardy is being done by as revenge for hillary clinton's loss in the election, clinton last laughed at the notion. [laughter] >> i mean, really? it deserves a lot of laughter. i thought it was it was just part of the hole of his very defensive and unconvincing pension. cheryl: clinton was also asked about russian meddling in 2016 election which she says played a role in her loss but she went a step further comparing it to 9/11. >> it would be like, i can't even imagine after 9/11 george

w. bush said i don't have time to meet, we feel sorry about it and rebuild new york and pentagon but we will not worry about it. well, at a certain point this is what this is turning into. cheryl: well, all of this coming as clinton promotes newest edition of her book what happened. lauren: still ahead this morning, this is what happened, announced pay raise for all minimum wage workers, what does that mean for amazon competitors? what does that mean for the u.s. economy? and here is a question for you, what does a lama and bayingel and frisbee has in common, apple knows the answer, i have no idea. we will show you the market. we have up market this morning, premarket looking pretty good, dow up 40, s&p up 5, nasdaq up 15 and 3 quarters, you're watching fbn:am.

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cheryl: volcano erupting overnight in indonesian island that's been devastated by earthquake and tsunami, at least 1400 people killed in the region since friday. withins capturing smoke and volcanic ash spewing into the sky. experts say that the eruption was triggered by last week week's earthquake, no reports from injuries or death from the eruption so far. lauren: wow, severe weather ripping through northeast causing serious flash flooding and tornado ripping through pennsylvania, we go to janice dean with the very latest, good to see you, janice. janice: nice to see you, ladies, we had severe weather in

northeast including reports of tornadoes in pennsylvania and many reports of strong wind, heavy rain and lighting here in the new york city area, all courtesy of this frontal boundary and areas of low pressure that are riding along it. the system has moved offshore but we still have the boundary in place and there's potential for hail, damaging winds, isolated tornadoes across the great lakes and midwest, this afternoon and this evening, be aware, know what to do if there's watch or warning, flooding continues across the southwest courtesy of what was hurricane then tropical storm rosa, we have flash flood warnings in effect for parts of arizona, utah and nevada and system moving in from the pacific, so all of that combined will bring potential for heavy rain for the next 12 to 24 hours on top of some pretty impressive rainfall totals over the southwest and you know that a couple of inches across the southwest is very different from a couple of inches across portions of the northeast so here is your forecast today,

very warm south of the frontal boundary, potential for severe storms across the upper midwest, nice-looking day here in new york with 78, potential for more flooding for the southwest, i know the phoenix area for you cheryl is -- is something that you watch closely. cheryl: yeah, i just got back from there and a lot of intense flooding happening around and that's what is happening when you get rain in the desert. janice: you got it. lauren: thank you. cheryl: we have a lot more coming up, judge brett kavanaugh fbi probe could end as soon as today but could another political fight be brewing? >> we will get an fbi report soon, it'll be made available to each senator and only senators will be allowed to look at it. cheryl: well, what is next in the supreme court showdown? and vladimir putin is back with another shirtless photo shoot. lauren: that's the new one?

cheryl: the only thing meddling with this time is your emotions, ladies, take a breath, all right, let's take a look at futures right now. the dow is up 37 in the premarket, s&p is up 4 and three quarters, nasdaq 13 and a half, you're watching fbn:am. s of org" articles of what? so, she turned to legalzoom. they helped me out. she means we helped with her llc, trademark, and a lot of other legal stuff that's a part of running a business. so laura can get back to the dogs. would you sit still? this is laura's mobile dog grooming palace and this is where life meets legal.

>> sir, i'd like to thank you, my wife thinks i'm the greatest investors in the world because my 401(k) has gone up 55%, sir, since you've got elected. lauren: up, up and away with new deal with canada and méxico, big industrial names boeing and caterpillar. cheryl: dow hitting record high as it closed on 27,000, gained 122 points yesterday. lauren: s&p up 4, nasdaq gaining

14. cheryl: in europe hopes that italy will rein spending. market in germany is closed. lauren: lower across the board with kospi down a quarter of a percent. we want to remind you that shanghai composite in china closed for holiday. cheryl: what do a lama, raccoon and bagel and frisbee have in common? lauren: i have no idea. cheryl: apple knows, fbn:am continues right now. ♪ cheryl: coming up on 5:30 a.m. in new york, wednesday october 3rd, good morning, i'm cheryl casone. lauren: good morning, i'm left side, i could look at random things have in common but -- cheryl: tracee will tell us all about it. lauren: she is. federal chair jarome powell

saying he sees no need to drop the gradual approach to raising interest rates, wells fargo security managing director and senior economist mark joins us now, hey, mark, good morning. >> good morning. lauren: we heard from powell yesterday, he's relatively positive from the economy, are you positive on the economy, tanks to tax cuts we are not seeing too many companies raise paychecks. >> well, i think that that's a little misleading, there's been growth in paychecks, may not be showing up in weekly page, it's showing up in one-time bonuses and stronger job growth and we are looking at averages and not looking at individuals, if you look at research done by federal bank of atlanta, federal bank of st. louis they show much more wage growth. jarome powell, he was almost

getty, the outlook is to good to be true. expects unemployment to remain less than 4% but doesn't see inflation worsing and raise rates once a quarter at least through the fall of next year. lauren: you're sounding pretty positive as well, we will get more numbers on friday when we got job's report, unemployment rate to down a bit, do you think we will see wages go up some more? well, we are had the hurricane and that's impacting things. >> the hurricane may impact things and the numbers of hours may not have risen because the hurricane hit during survey and didn't hit populated areas, it's possible that we do, but wages are rising, not only raises but

pace is accelerating, there's good news there, we don't want them to get out of hand, they are up 3% year to year, we think it'll end the year about 3.2% year over year, next year 3 and a half percent, we are moving in the right direction, plus one-time bonuses in there as well. in terms of jobs, we are looking for 185,000 net increase and the unemployment rate to come down and those are spectacular numbers. lauren: and what amazon announced yesterday is pretty spectacular as well, this is bernie sanders' reaction to amazon hiking wages, minimum wage to $15 an hour to employees. >> what mr. bezos today has done is not only is enormously important for amazon's hundreds of thousands of employees, it could well be and i think it will be a shot heard around the world. lauren: mark, is it that significant or this is amazon's insurance policy, if you will to

get into the administration's and politicians good graces? >> do i think there's a little bit of that in there but i think that mostly what's going on here is that amazon wants to make sure that they get the quality workers that they need and so they realize that they will have to pay up for that because other companies are paying up for that and believe it or not, i know it sounds corny but most companies want to do the right thing for their workers, i mean, they really do want to do the right thing for workers because that's most important assets, that's how they distinguish themselves from their competition. lauren: treat us well, we will treat you well, mark, thank you very much, you always treat us well. cheryl which he will well, the fbi investigation into judge brett kavanaugh could end as early as today with vote of nomination coming this week after procedural hurdles and yet another twist, ex-boyfriend of christine blasey ford reportedly wrote a letter to the committee contradicting her testimony prompting senator chuck grassley to raise more doubts about her

statement. let's bring in attorney emily. good morning, the letter from mexico boyfriend, she said -- ex-boyfriend, she says she never had anxiety and this is what grassley says now in a letter to her, your continued withholding of material is unacceptable as the senate exercises constitutional responsibility. this is not a court of law guy they have a point? >> exactly the senator absolutely does and here is why, the letter exhibited as you said multitude of inconsistencies that he reports and goes through a whole host of them, look, she did coach someone on polygraph examination in contrast to sworn under oath testimony that we heard last week and said never told me of assault, the home was renovated and never needed a second front door, et cetera, this is what prompted the senator to say we should see

those therapy notes, we would like to see correspondence with the washington post, show us all of the things we cited in your testimony so we can -- cheryl: why do you think the fbi didn't question her again, as far as we are aware in the public realm the fbi did not go back to her, why? >> exactly, to me highlights that there was no corroborating testimony and no conflicting evidence with the judge's testimony, this is supplemental investigation, it's always was going to be short, the only reason they would circle back if something arose that question prior testimony, i will say that the letter brings that into question and remains to be seen whether in fact, it is ending asap and if they do have further questions based on this letter. cheryl: it has been sworn that the fbi conducts fbi investigations with standard operating procedures so maybe we don't question fbi reporting but do i want to ask you about politics which i know you cover.

listen to what senator graham both had to say and listen to the conflicting statements here. >> i personally want it released to the public, i want you to know what the fbi found and that the facts speaks for themselves. >> this ought to be held very close. i've had women come to me time after time with stories always beg to go keep it confidential because of their fear. cheryl: christine blasey ford wanted confidential and somebody leaked it and not name. >> it highlights the tension that currently exists in congress right now with the call for transparency versus the call for not and the fact that that body technically has oversight over the fbi, oversight over the beasts essentially of congress and the backup, the assumption should be for transparency and

it only should be in a rare instance that it isn't the case, to me it highlights the continuing question where republican conservative leaders are calling for transparency to benefit the public and here feinstein as you said with ironic statement on her part. cheryl: fbi has found as as been reported on the media, they knew about it, have all said, no, we did not and they are not corroborating with her or backing her statement, emily great to have you on as always i'm sure we will have you back on. >> thank you. lauren: more bad news for general electric. cheryl: tracee with that news and other headlines. tracee: ge credit rating to bb plus from a, this comes a day after the company announced 23 billion-dollar charge for its power business and got rid of chief executive officer john flannery. cheryl: facebook is trying to ease concerns about the latest hack.

tracee: still learning more information, facebook says it hasn't found any evidence that third-party apps using the companies log-in service were affected by the hack m worry that the third-party apps like tinder and spotify may have been access when 50 billion facebook accounts and facebook is investigating the breach and wasn't sure if account ifg was misused. lauren: still we saw on dark web log-ins posted for $2. cheryl: mines were 5. lauren: what does lama and frisbee have in common? tracee: text messages or emails will get exciting, apple will add emojis for iphone and ipad users with ios12.1 update available to beta testest right now later this month for rest of us, lama, racoon, mosquito,

red-headed emoji coming soon. cheryl: i love those. lauren: getting very populated. tracee, thank you very much. cheryl: okay. well, everybody, standby because the kremlin man is back. lauren: my other favorite story. cheryl: russian president vladimir putin released 2018 calendar, poses and some with shirt off and with a few cuddling 4-legged friends, yes, holding puppies and yes, a jaguar, it's design today showcase warmer side sending miami to russian people they are strong and compassionate leader. lauren: who likes furry friends. if you want to stick with us after that, secretary of state mike pompeo can get north korea

talks back on and he disease it again and we will show bale transformation of dick cheney. nasdaq with 17 points, you're watching fbn:am. that you can add on to your trip up until the day you leave. add on advantage. only when you book with expedia. too hot to work? nah. this is the gator xuv835. with game-changing heat and air, it's never too anything for anything.

cheryl: welcome brack, we had new record on the dow yesterday and we may have another one today and we are pushing towards 27,000. dow up 40 in premarket, s&p up 5 and 3 quarters. well, the u.s. and north korea getting back together for another round of denuclearization talks. secretary of state mike pompeo heads to pyongyang on sunday, the trump administration pressures kim jong un to give up nuclear weapons, it'll be pompeo's fourth trip to north korea this year. well, that new york times report on deputy attorney general rod rosenstein may have put a snag in special counsel robert mueller's plans for interview with president trump, two more prosecutors assigned to russia probe now return to go their duties in justice department which could mean the investigation is finally winding down. meanwhile rosenstein's meeting with house lawmakers is set for next week. meeting with president trump will be delayed until after the kavanaugh process concludes. and finally, the internet

freaking out about the new dick cheney look alike, that's actually actor christian bale on the left, that's him in his new role as the former vice president, a trailer for the dick cheney. lauren: pretty good transformation. the fate of brett kavanaugh maybe determined to ballot box. we bring in independent's women forum and democratic strategists mustafa to discuss. patrice, i want to begin with you, listen to what president trump has said in rally in mississippi. >> how did you get home, i don't remember. where is the place, i don't remember, how many years ago, i don't know.

[laughter] >> i don't know. lauren: that's a mockery of dr. ford, how does that resinate with women particularly with suburban women? >> well, i mean, i think the rhetoric is strong but when you look at the polling women and voters overall they want to see whether the fbi will corroborate dr. ford's allegations and 60% of voters say if they don't, if the fbi cannot corroborate her and find out there are really -- there's some stuff going on there that's not true, then they want to see judge kavanaugh confirmed, so, you know, he's speaking directly to audience, he's speaking to sporters but also to the broader electorate who is wait to go see what happens. lauren: as we wait for the fbi to wrap up its investigation hopefully hear from senators on the fence, senator lindsey graham is doubling down on the nomination, mustafa on judge kavanaugh, if the senate fails to confirm kavanaugh the plan to

renominate in 2019, this puts senators in red states up against the wall, doesn't it? >> well, look after dr. ford testified there was not a senator or a pundit that didn't think that she was credible even the president said she was a fine woman in that she was a credible witness after judge kavanaugh later that day testified it looked like it become a partisan showdown and last night when the president became entertainer in chief and mocked her, i think women voters and men -- everyone who stands for decency has to send a message that sexual assault is a serious charge and the president can't go out and make fun of people that have come out, put their name, put reputation online in front of entire world. lauren: where is the evidence? >> voters will speak in november and they are going to send a message to president trump but this is just not acceptable behavior. lauren: let's talk about what can happen in 35 days in november, quinnipiac poll,

showing democrats lead over republicans, this is in the race for the house, it is shrinking, they have 7-point advantage over republicans, patrice, what do you make of that? r. >> there's definitely enthusiasm and intensity is rising among republicans in kavanaugh hearing now just coming out against him. as i mentioned, harvard harris polling last week, 60% of voters, if the fbi cannot corroborate story, they're willing to see him confirm today this position. lauren: right. >> turnout is higher among both men and women right now, there's enthusiasm but the enthusiasm is shifting to republicans. lauren: mustafa goes beyond sexual assault, this goes to judge kavanaugh, the way he defended himself, critics are saying, we don't like how he was

so forceful in defending reputation, we don't like that he drank in college, has this gone too far outside of what they're supposed to be investigating which is sexual assault? >> well, look at what the president did last night, the investigation is not in yet and he's begun to demean her, undermine her, the president wants to make this election about himself. he is doing these rally-style things even though he's not on the ballot and he has every right to do so because since he's making the election about himself, let's look at behavior, this is not a democratic or republican issue, this is an issue of decency and the president has gone way, way below the standard bar, not just for the president of the united states but for any human being to take a woman who has come out and spoke forcefully about her experience and then begin to make fun of her as if she's some kind of a political pond, if the president is putting us in the getter and he needs to stop. lauren: patrice, i wish i could

let you respond but we do have to end it here, thank you very much. >> thank you. cheryl: we do a lot more coming up this morning, first to sports, the longest sudden-dead game in history, we will tell you who came out on top between the cubs and rockies. lebron james makes debut for los angeles but the debut didn't last very long. .. it'll find life on mars! but here's the thing. you don't live on mars. (beep) you build wind turbines. supply car parts to thousands of cities. answer millions of customer calls a year. like this one: no, i didn't order this. it's terrifying. and that's why you work with watson. hello. it knows your industry, protects your insights, and works with tools you already use. that's why it's the best ai for the job.

lauren: chicago marathon meets major league baseball. cheryl: jared max with all the highlights, jared. jared: in terms of innings, longest elimination game in

baseball history. 4 hours 55 minutes. after the rockies took a 1-0 lead, free batters, no score here until 2 outs of the eighth until javier of chicago hugs the cubs to 1-1 tie. elevator stopped at number 13. >> in the middle and the rockies have taken the lead. jared: tony walker, held onto beat the cubs 2-1, final out recorded at 1:06 a.m. eastern time. colorado advances to nld thursday in milwaukee, tonight american league wild card in bronx new york where the yankees will start and oak land ace will start reliever, the winner will face the red sox next. hall of famer paul will no longer manage the minnesota twins, the american league manager one year ago four

seasons in charge, finished baker's dozen out of first place this year. at the rider cup, a shot on sixth tee, struck spectator in the eye and caused woman to lose vision in right eye and plans to sue organizers, he was deeply hurt and saddened by the tragic accident. hey guess what begins tonight, hockey season, a couple of years from now the puck may drop in seattle, nhl board of governors gives full recommendation to move forward with nhl franchise at 70 million-dollar refurbished key arena, both in december. something we have never seen before, lebron james and lakers jersey playing in la last night 13 points, they are so hyped for lebron not only did they show up early for this game, for a preseason game. showtime is back.

lauren: jared max, thank you very much, you can catch sports report on fox news headline 24/7, siriusxm 115. cheryl: coming up ashton martin revs up ipo today. >> magnificent. 16.3 seconds, a few tricks up sleeve. cheryl: we are going live to london to find out how james bond's favorite sports car's maker is doing. ♪ ♪

lauren: ashton martin 6 billion ipo gets underway today, doesn't look like automaker famous for james bond is doing so well, we bring in from london michael houston, cmc markets, what do you think? >> yeah, little bit of underwhelming open, down about 5% in early trading but i'm not overly concern about that, ferrari when ipoed under new york new york stock exchange went under similar few days, few months, it was actually down around 40% in the first six months of trading and now look where it is, i think it's a similar case, it's

going to be a similar case with ashton martin. currently, it's trading very well, 106 million pounds in profits and decent amount of pipelines coming through. cheryl: let's talk about italy, the problems with financing weighing on european markets yesterday, seems like there's been reversal, though? >> well, yeah, more language coming out of deputy prime minister's of italy in luigi demayo he could bring budget deficit down to 2% by 2019 or mull it over but not with respect to beating budget deficit of 2.4%. at the moment we are getting a little bit of bounce-back but at the moment it's all talk. lauren: michael houston, thank you very much. >> thank you. cheryl: maria bartiromo next. the italians are spending more than than what they bring in,

that's shock to go me. maria: they are trying to get budget and cutting taxes which i like. we will see you both in a little bit. happy wednesday, i'm maria bartiromo, thanks for joining us, it is wednesday october 3rd, top stories right now just before 6:00 a.m. on the east coast. record run for stocks, gain of 50 points this morning. the blue chip posting triple-digit gain in i didn't do's trading session thanks to industrials, nasdaq down half percent yesterday, big move up for the dow on the trade deal by those global industrials, in europe this morning the dax index in germany closed for holiday, ftse and the cac are up fractionally. in asia overnight, take a look at the markets there, again, the markets in china and korea closed for holiday but fractional losses for the japanese and hong kong markets, to the battle of the high court we go, fbi probe into supreme court nominee judge brett

kavanaugh could wrap up today, we understand the president slammed democrats in the effort to block his pick. >> they've been trying to destroy judge kavanaugh since the very first second he was announced because they know judge kavanaugh will follow the constitution as written. [cheers and applause] maria: the fallout straight ahead this morning, then this, jc penny getting a new look, struggling retailer naming fourth ceo in roughly 5 years, the stock is trading up 6 and a half percent. talk about expensive ride, bugatti, super car and it's sold out. the nba takes on kanye, reportedly banning the yeezy sneakers, fox business network susan li, james freeman and bench mark managing partner