schiller: there are big threats. i would say the biggest threat to our national security comes from russia because the efforts they have put forth to undermine our electoral process and our democracy has been growing unchecked for years and we have admitted and acknowledged they have interfered in our elections and yet nothing has been done to stop this from happening again. with influence over our electoral process they can control foreign and domestic policy, they can control the outcomes they want, they can control the united states of america and that to me seems extremely un-american to say the least. this is the core of our democracy, the right to vote. we are treating it so cavalierly and allowing people to interfere with it is unacceptable to the inaction on the part of the current commerce and president is an acceptable as well. >> moderator: wenstrup: i get reports each and every day. china is a problem we face today and america needs to understand this and it is be understood in places like australia. chin

schiller:-- are tough they are all threats to national security. the biggest threat to national security comes from russia because the effort they put before us with the electoral process has been growing unchecked for years we have admitted and acknowledge and nobody says anything to stop this again. they can control foreign and domestic policy they can control the outcomes that they want they control the united states of america and to me that is un-american to say the least. this is the core of our democracy and to treat that so cavalier and allowing people to interfere with it and not a part of the current congress that is unacceptable as well. wenstrup: i serve on the intelligence committee and i get reports every day china is the opponent we face today. and engaged in cyberwarfare they put a lot of sanctions against russia than we have seen in a long time and continue to do so. and also when it comes to iran that's a problem as well and also being tough on north korea to make progress in those areas but china is a threat we have been doing th

democrat jill schiller is the challenge are running a nonprofit focus on child literacy issues. he has a law degree from temple university, lives with her husband and two children in hyde park. republican brad wenstrup represented the second district for congress since 2013, he is 60 years old. part of politics he worked as a podiatrist and surgeon and rose to the rank of colonel in the

schiller. is access to health care in this country a right and if not why not and if yes, what do we as a nation need to do to cover as many people as possible at a cost of me can't afford i know we could talk about this for months. >> at the completed its object. there's no part of me that doesn't let people to have quality access to health care that's affordable. if you look at the bill that we passed in the house of representatives, we cover pre-existing conditions and we covered 26-year-old to be able to be on their parents insurance. but as we look at what we are faced with today you see a situation where people don't have much choice in what they are often strapped with having to buy with the government provides i you the individual mandate has been repealed. we need to open up choices. i want people to have choices about their health care and the decisions should come down between the doctors and patients. when i first started, i had two employees and patients came in and do what things

thank you so much, peter schiller, robert schiller, thank you for joining us. >> my pleasure. melissa: great insight. david: great insight from one of the best economists in the world. october as you all know is big month for market volatility deirdre bolton in the newsroom. is something more than superstitious? is there something about october? >> there is something more about october. if you look past 50 years it stands out for a reason. some of the big market shocks, october 1929, black tuesday, the market fell 90%. the great depression fell after this. 1987, drop in one day. financial crisis, continued in late september and october, technically about it through march. in the past 50 years, october is the most volatile month on record, bar none. you have shares of daily moves of 1% in either direction for the s&p 500 on average for that month, again past 50 years. oddly enough know, october shows positive returns on average but volatility is there. so we put together this chart for you. it's the vix. went back to 1990 all the way to present day. you can see that spike, that

schiller says he declined. >> keith schiller, according to his own testimony, told trump about the offer, they laughed about it, trump went into his own hotel room alone. >> so to the best of your knowledge the allegations of the steele doss yr ier -- >> there's about four or five hours unaccounted for. in my mind he must have slept at some point, because he didn't look like someone who didn't sleep when i saw him the next day. again, i never heard any word of that. >> there's no proof of a compromising video. but one video that does exist was shot the very next morning. donald trump made an appearance in emen's video in another life. >> emen, wake up, what's wrong with you? >> after that shoot, trump did a series of interviews and talked about putin. >> he's done an amazing job. he's put himself at the forefront of the world as a leader. >> his chief concern when he was in moskow is whether he would meet vladimir putin. as soon as he landed, are we going to see putin, is putin coming to the event? >> but that meeting never happened. >> i was in the room for that call with mr. trump and

separately home prices rose 5.8% in august compared to a year ago and that is t according the kay schiller home price index. that is the first time in a year that the index has come in below 6%. >>> well with the midterm earthquakes just a week away, the is one issue investors across the political spectrum will be thinking about going into the voting booths. us what it is. >> come on down you are the next voter. >> it's one thing that voters hfrom b political parties agree on. concern over the rising nat debt. that's the upshot of a new poll by the non-partisan peterson foundation. republicans, dhbts democrats or independt roughly 3/4s say the zet a factor in who they support in the next midterm elections. >> wenow the debt affects the economy, affects their way of life and incomes. and they want washington to do more about it. >> the foundation has lcag ed on lawmakers to rein in ng spen the deficit balloon today $$759 billion over the past year jump of 17%. next year forecast to you hit a trillion dollars. but not everyone sees trouble on the horizon. >> people have heard for decades tha

but nobel prize winning economist robert schiller says that's not always good. >> the economy seems to be coasting upward. but in kind of complacency this confidence is volatile. >> the only good new for the winter buyers is that higher rates could mean seller finally realize t sky is n the limit and cut the red hot home prices we're still seeing today. for nightly business report, diana olick in washington. >>> and to read more about the impact of mortgage rates at 5%, you can head to the website at nbr.com. >>> and i activistestor takes a stake in starbucks where we begin the market focus tonight. bill ackman of per shallin squaul capital revealed a 900 million position in the coffee chain. sayi stock could double over the next three years. and he added the reiler is one of the best positioned if minimum wages rise. starbucks ss it looks forward to a productive dialogue with mr. ackman. starbucks show to 57.7137 and tank other talk is heating up at papa joans. they are there are reports the fund management is considering a bid for the pizzae chain but ts no guarantee that a deal acco

denise and john schiller say they've seen it across the country, and now, it's come home.and do you ask, when you talk about the challenges, do you ask yourselves, when does it end? >> of course. of course. >> we have no question about what's been stirring up the pot. there's no question whatsoever. >> the divisiveness, the language. it's -- anti-semitism has risen in the last year. >> reporter: we met linda and her partner. >> she has a wonderful family and i love him very much, and she couldn't be here, so, i'm here in support of her, as well. it's very heartbreaking that this has come our way and not we're part of that horrible group, you know, that this has happened in so many towns now. >> reporter: so many young people here, too. >> i don't know if any place is immune, i doubt it, but, you know, this is kind of what can prevent it. >> reporter: this is pittsburgh right here. >> this is pittsburgh. >> no question about that. and we thank everyone we met on the ground there, determined to define pittsburgh in their own words, in their own strength. i'm david muir. i ho

at it and look at the new players around the world will be joined by new york walk professor ron schiller will tell us and later the cars coach is back to talk chrysler earnings the e.u. emissions candle and a way to avoid voicing your warranty lots on our plate let's go. we start with the markets and volatility seems to be the name of the tune in china which saw the largest one day gain in the shanghai and shan's and composite index since november of two thousand and fifteen but the progress slowed some yesterday hong kong's hang seng also rose but is now down from last week as are other asian markets including.

at it and look at the new players around the world will be joined by new york walk professor ron schillerill tell us and later the car coach is back to talk chrysler earnings the missions and a way to avoid voicing your warranty lots on our plate let's go. we start with the markets and volatility seems to be the name of the tune in china which saw the largest one day gain in the shanghai and chen's and composite index since november of two thousand and fifteen but the progress slowed some yesterday hong kong's hang seng also rose but is now down from last week as are other asian markets including the japanese nikkei down under down under a sex in australia and sensex in india both down since last week the same downer tune at the french german dax u.k. what c n t s x in toronto and the cold kept in colombia a global aberration today with brazil's ibo best slightly up u.s. markets have been volatile they were down big time for most of the day are coming back close as the close one of the final numbers. the break but the dow and the s. and p. are more than seven percent below the all time hi

look at it look at the new players around the world will be joined by new york walk professor ron schiller will tell us and later the car coach is back to talk chrysler earnings missions and a way to avoid voiding your warranty lots on our plate let's go. we start with markets and volatility seems to be the name of the tune in china which saw the largest one day gain in the shanghai and shuns and composite index since november of two thousand and fifteen but the progress slowed some yesterday hong kong's hang seng also rose but is now down from last week as are other asian markets including the japanese nikkei and down under down under a sex in australia and sensex in india both down since last week the same downer tune at the french german dax u.k. what c n t s x in toronto and the cold kept in colombia a global aberration today with brazil's ibo best. lightly u.s. markets have been volatile they were down big time for most of the day are coming back close as the close one of the final numbers at the break but the dow and the s. and p. are more than seven percent below the all time highs

index, of course, is robert schiller thank you for joining us what do you make of that pace of the increasen the space of a couple of months? >> well, it reflects, i think -- it's not just fed policy it's also just a generally strong consumer confidence that we see at this point in time the economy has looked strong for years and especially since trump took presidency and i think we're just in an exuberant time people find these rate increases as normal, given the economic conditions. >> professor, can both consumers and investors stomach the pace that we've seen in terms of the increase, even if it was expected it has spillover effects. >> yeah. well, i think the fed is -- well, careful. it has been tightening now for a while, but at a very measured pace i don't think it's creating any alarm at the present time. i think -- you know, i said this is an exuberant time but it's also a complacent time we've seen such steady growth. we had a recent, over 4% gdp growth number. people extrapolate those things and right now they're not so worried about interest rate increases. >> so do you think if

. >>> case schiller, i hope you hear me doing the air quotes "just" over 10% for the year. one of my ways of saying growth is slowing. that's one of the dangers when i say growth slowing, whether it's facebook users or house prices they're still going up. they're st >>> other news, lime says some of its scooters might cah the cpa it's taken the affected scooters off the street. lime isn't in san francisco, but you can find them in the south bay. it says the scooters you'll find on the streets are safe. >>> nasa retiring the kepler space telescope. it's run out of fuel. it's discovered thousands of planets outside of our solar system that had the right conditions for life. wasn't that long ago, we couldn't know for sure there were planets around other stars. just in the last couple of decades. now not only do we have ooot to planets. >> the more you know. thanks, scott. >>> new this morning, couldhi zzutas teamed up with toyota. it's called the tundra pie pro, a concept hydrogen fuel cell truck that not only cooks pizzas but uses a pair of robot arms to move them along. the

video, which seems to be what peoplet slowing grow the housing report which for my money is the schiller, i hopeoi over 10% for the year. one of my ways of saying growth is slowing. they're still going up, just not as fast, only 10% less affordable houses than last year. >>> other news, lime says some of its scooters might catch fire. the ones taken off the street are not in san francisco but in the south bay. lime had to call the fire department to its own warehouse. part of the problem is where the battery pack is located on the bottom of the scooter. the weight down low for the center of gravity but that's also where rocks and other things will hit it and damage it, and we've seen this pro a fine. >> i wonder how often they check them or able to. >> they have to charge them so i would imagine they train their charging people to check for damage. >> thanks, scott. >>> it's 5:17 right now. "today in the bay" viewers are gearing up for the holiday today. thank you for all your pictures. this one is from clint cardoza showing us his dog, that's dude dre dressed up like a werewolf. >> make

. >> talk about pe 10, the schiller pe second highest in history. we can talk about forward pe, normal forward pe is closer to 11.5 we're at close to 17.5. very different part of the problem too is everybody is looking at the last 20 years inof the last 40 or 50 years. the last 20 years are polluted data by the craziness of 2000. >> so what do you do in this market environment, mark it sounds like you would be short but according to my notes you are going to hideout secrets like health care, utilities and staples. >> we have been hedged all year with a d i think hedge funds are outperforming dramatically hdge is a place to who hide out. dwsh is a place to hide out. i gave you some notes on there are places inside the market that when the markets turn from offensive to defensive you can actually hide out. if you want to be long equities, which we are only about 40% net exposed, we're overweight things like health care, overweight starting to look at things like utilities. overweight things like staples. >> and markets. >> going to starting to fish in

. >> professor schiller, you're one of the fathers of the case-shiller index the stock market tells usthe homebuilders have been bumping around lows. car sales, automakers are doing terribly also. we have this latest data point about a slowdown in business investment in the third quarter. are you concerned at all that perhaps there is a slowdown brewing? >> yeah, well, it's a mixed bag. i don't know if i can identify any clarity here consumer confidence has been strong, but on the other hand, i think it is possible that people are pulling back a little bit. they don't have the same desire to get a new house or new furniture or new car, and that -- you know, ultimately, when we say strong economy, i like to use instead the team exuberant economy. and i think some of those things that joe lavorgna just mentioned are factors, and it's just also the over -- this boom has been going on for a long time and people are getting antsy and starting to pull back. whether it's a real correction or a bear market, i don't know >> what's happening in housing, professor shiller, as sales seem to be dec

.>> eith schiller, the president's body man, can't get into the fbi. the fbi is not a place you can just walk and be, like, "i have a note for comey. i'm from the white house." "great, you're from the white house, super. you can't come in here." of>> narrator: he dropped f the letter and left. >> breaking news: james comeyed has been remov from heading the fbi... >> narrator: comey was out of town. >> and he was at our los angeles field office giving a talk tod the office, u know, behind them on the news it said that jim comey was just fired by the president of the united states. >> president trump has fired james mey as director of the fbi. it comes without warning... >> he actually makes a comment to the audience like, h, look at that-- i just got fired," thinking that, you know, it was a mistake. and then i think one of his staff came over to him and saidt "look, we neleave. this, this is-- this is real." >> well, this is a big shock. t they did not ss coming... >> a stunning announcement from the white house today: president trump fired... >> narra

that's according to the s&p case schiller national home price index.celerated for most of the past two years. they've started to come down as interest rates have risen and inventory has been growing. big day yesterday, apple unveiling its new ipad pro mac book air and mac mini right here in new york. the new ipad pro resembles the latest iphone. the company ditched the home button. the price starts at $800. the starting price of the mac book air with the high res screen, $1,200, $200 more than before. the updated desktop computer, mac mini, starts at $800. new products will be available next week. taking a look at shares of apple in the premarket, you almost 1%. new research shows 86% of parents steal their kids' halloween candy. yeah. they don't just stop at one or two pieces, folks. parents are now admitting they devour a fourth of their kids' haul. parents may have a bigger sweet tooth than their kids. 24% say they eat more candy than their children on halloween. yeah. so the kids get the bad rap for having the sweet tooth. parents, time to fess up.

schiller home prices tomorrow. we get the adp private payroll report on thursday we get jobless claims and productivity. all of this leads up to the big number on friday when we get the october jobs report. also on the earnings front, there will be a lot of numbers to chew on ge, pfizer, facebook general motors and young brands. thursday we get dow, dupont, apple, starbucks friday alibaba, chevron, exxon mobil. apple has the big news tomorrow that will move people in some way or another u.s. equity futures, dow looks like it will open higher, 168 points higher. nasdaq up 178. s&p 500 looking to open 28 points higher. >>> cnbc's second closing the gap survey done in partnership with linked-in examines gender gaps in the entertainment industry after a year marked by me too and the time's up movement high profile firings across the film and television business we surveyed more than 1,000 people to try to understand where problems still exist in the industry and to find potential solutions. julia boorstin has the detai