netflix to create original content, i get what you say 100%. >> coming up, the chairman and ceo of cme groupoins us next, weigh in on the global exchange grab and what that signals for markets everywhere and whether or not the cme is interested in making a bid itself. much more fast right after this. do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. "have you lost weight?" of course i have- ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go. at national, i can lose the wait...and keep it off. looking good, patrick. i know. (vo) go national. go like a pro. by the way, she's the it wasnext mozart.g day. as usual we were behind schedule. but sophie's enthusiasm cannot be dampened. not even by a run-away donut. we powered through it in our toyota prius. because a star's got to shi

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cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ >>> welcome back here is your cnbc news update at this hour. general mark milley was sworn in as the 20th chairman of the joint chiefs of staffs the president congratulated the general on his new role. >> thank you, mr. president for the trust and confidence you have placed this me to become the next chairman of the joint chiefs and for your personal leadership and commitment to our uniformed men and women. you can rest assured that i will always provide you, impartial, military advice. >>> animal activists have barricaded a whole foods supermarket in san francisco they demand jeff bezos support the right to rescue animals from fast food farms. whole foods is a subsidiary of amazon >>> prince harry visited national park in malawi where he honored the memory of a british soldier killed while talking part in anti-poaching operations you're up to date. back to you. >>

and to manage this risk, the world turns to cme group.s lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >> the whistleblower at the center of the impeachment probe expected to testify very soon as a new poll shows voters are pretty split on the issue. major average indian positive for the month. despite the probe. the commerce secretary wilbur ross is warning the democrats, they just want to turn the economy around and not for the better. >> the market knows this president has delivered in very strong economy all the reason indicators right to this have been very good. democrats are desperate to derail the economy because they know if they don't their toast in november. >> steve, i know you recently wrote about the middle class and economic progress. do you think that these impeachment proceedings could actually do some real damage to the economy

cme group can help you navigate risks and capture opportunities.able you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ ♪♪ ♪♪ ♪♪ >>> pricey housing markets putting pressure on house flippers and turning to the banks for now. diana joins us now >> hey there are very few foreclosures or dispressed properties to rehab and resell flippers are in higher end neighborhoods like this one. finding older, pricier properties to flip and using more financing to do it. about 41% of flipped properties in the second quarter of this year were bought using mortgages or private lending that's a little less than a year ago. the dollar volume of those purchases was up 31% from 6.4 billion to $8.4 billion. that's the highest level since the end of 2006. the investor on this house said mortgage rates are so low it makes sense to finance it and he said banks have loosened up a bit. >> it's almost hard to use a mortgage because you get leverage you can do many more deals if you're borrowing money the banks have

cme group - how the world advances. >>> welcome back.e says he's seeing unusual activity in an energy stock. >> jimmy will love hearing about this one. marathon petroleum. at the beginning of june we started seeing more and more activity hitting in this particular name. since june 1 we have had 17 different unusual option activity buying since that timeframe. the stock was trading about 46 then. now it is up to 62 now. they were buying out to january even back in june. today they're rolling out of some of those january 50s that they paid a little over $2.50 for and selling for $13 but buying january calls pretty aggressively for $3. those are huge sizes that we're seeing. is the run over? this tells me it's probably not. maybe there is a lot more upside. we know what's going on. elliot has been involved. this has been a stock that has continued to move to the upside and continued to see a lot of unusual activity. by the way, you guys i think will talk about the banks. i will hit on one bank stock real quick. wells fargo put in a ceo toda

and to manage this risk, the world turns to cme group.e help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. there is a chance that's the last time. 300 miles per hour, that's where i feel normal. i might be crazy but i'm not stupid. having an annuity tells me retirement is protected. annuities can provide protected income for life. learn more at retireyourrisk.org annuities can provide protected income for life. what do you look for i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees

cme group can help you navigate risks and capture opportunities.o reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ >>> welcome back to the "halftime report." facebook, amazon, netflix, google, better known as the fang stocks, they were all in the red for the week within the basket of the fang names it has been particularly rough for netflix. that stock trading right around its lowest levels of the year down more than 30% from its may 2019 highs competition is growing and now credit suisse, the latest firm to sound the alarm, saying the streaming giant will likely miss third quarter estimates. everybody is piling on netflix here >> which sort of makes sense, to pile on. the company -- i know. well, look, dynamics have changed because since the last six months you have the announcement from apple in terms of what their price points are, which are significantly lower, and you have disney and their price points i don't think apple is a true competitor yet but you also have amazon so it's gotten ve

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cme group can help you navigate risks and capture opportunities.ach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ ♪ charles: we have got mixed news on the china trade front as reports say the united states is unlikely to extend temporary parts of the waiver to huawei. china making serious trade overtures today. the commerce ministry said they made deals to buy more u.s. soybeans and pork. the two sides remain close with communications ahead of face-to-face talks with washington in two weeks. florida senator, budget committee member rick scott joins me to sift through all the news. senator, i find it intriguing the last 24 hours we've seen the trump administration still tough on china with respect to violating sanctions on iran. saying maybe there won't be extension of waivers, but china making nice. they're saying nice things. they are making promises. they don't carry as much as they used to. but i feel like they want a deal more than ever before? >> charles, before the break you talked about th

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and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >>> welcome back, everybody. i'm sue herera here's your cnbc news update at this hour. a 5.8 magnitude earthquake shook istanbul turkish officials said the quake struck in the sea of mamara seven kilometers deep. turkey is very prone to earthquakes. >>> and a 6.5 magnitude quake killed at least one person and caused building damage on one of indonesia's less populated islands. the quake was centered 23 miles northeast of anbon at a depth of 18 miles >>> blue and white party leader benny gantz has called on benjamin netanyahu and his likud party to negotiate with no preconditions to form a government netanyahu is beginning the task of trying to put together a coalition government amid political deadlock >>> at home, sam's club is t

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and to manage this risk, the world turns to cme group.help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. you may have gingivitis. when you brush, and the clock could be ticking towards bad breath, receding gums, and possibly... tooth loss. help turn back the clock on gingivitis with parodontax. leave bleeding gums behind. parodontax. "have you lost weight?" of course i have- ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go. at national, i can lose the wait...and keep it off. looking good, patrick. i know. (vo) go national. go like a pro. it's an honor to tell you that [ applause ] thank you. liberty mutual customizes your car insurance so you only pay for what you need. i love you! only pay for what

cme group can help you navigate risks and capture opportunities.le you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ that could allow hackers devices into your home.ys and like all doors, they're safer when locked. that's why you need xfinity xfi. with the xfi gateway, devices connected to your homes wifi are protected. which helps keep people outside from accessing your passwords, credit cards and cameras. and people inside from accidentally visiting sites that aren't secure. and if someone trys we'll let you know. xfi advanced security. if it's connected, it's protected. call, click, or visit a store today. ♪ connell: watching a busy day on wall street. the dow closes down by about 71 point at the end of the day as we wait for chad pergram on capitol hill for breaking news on usmca and other issues. gerri willis on floor of new york stock exchange, and one of the issues that we've been talking about, as you see the s&p 500 down by 16, the nasdaq down by 91 point is the back and forth d

and to manage this risk, the world turns to cme group.ock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >>> welcome back to "squawk on the street." rick santelli live on the floor with our first guess of the week ira, how does the fed get money back in the system in almost $300 billion in funding last week you're a primary dealer. i need to buy some securities. i get you some cash. seems like a good deal except for maybe it isn't because while we're buying on one hand, we need to be issuing with all the debt in the other. how is this going to work out? >> it's a very difficult situation. it is many prong there is a shortage of funds because of course of tax payment which i knew about and i think chris has really dealt with this very well with the regs with the change in the regs. >> banks can't have inventories. they're not a shock absorber anymore.

cme group can help you navigate risks and capture opportunities.global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ [upbeat♪action music] (pilot) we're going to be on the tarmac for another 45 minutes or so. . >>> time now for our etf spotlight with mike santoli. >> obviously have the revised ged numbers. but look within the consumer discretionary sector what types of groups are working and not working. it has not been across the board. xly is the consumer discretionary sector within it retail is kind of driving at the rth i should mention it has things like walmart in it which is technically consumer staples within the s&p system, but it shows you that domestic retail spending has been strong of course, xhb, home related, home building and home improvements hd is i think the second largest stock in the xly, but carz is the auto etf obviously been a lagger. gm and ford make up 4% of the xly. media is also -- used to be consumer discretionary not really anymore you're kind of left with this grab bag of

and to manage this risk, the world turns to cme group.ock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. "have you lost weight?" of course i have- ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go. at national, i can lose the wait...and keep it off. looking good, patrick. i know. (vo) go national. go like a pro. by the way, she's the it wasnext mozart.g day. as usual we were behind schedule. but sophie's enthusiasm cannot be dampened. not even by a run-away donut. we powered through it in our toyota prius. because a star's got to shine, no matter what. it's unbelievable what you can do in the prius. toyota let's go places. >>> investors around the world are holding their breath for a u.s./china trade deal. how bad

they're hoping to draw business from rival cme group which launched its own bitcoin futures. stock listing after it listed one company, interactive brokers group jumped ship. remember when we broke that news on this show close to a year ago. iex has tried to lure companies by offering big discounts on listing fees iex founded by brad kutiammo who was the star character in michael lewis's book flash boys and really was suggesting that the exchange system itself was a conflicted mess and unfair and they were trying to develop a new version of this. >> shows you how difficult it is. >> it shows you how difficult it is, how entrenched the players are and how the regulators make it difficult there's a whole group around that. >> rick scott is here. let's discuss u.s./china trade and much more with our guest host for the hour. florida senator, former florida governor i think you're pretty hawkish on china. >> it's not just about trade, let's remember this. they're militarizing the south china sea. they're spending a fortune on the military they have a committed policy to try to def

the real story here is these will compete with simila futures offered by the cme group since 2017 cme is preparing to launch options on those futures so the new york stock exchange is playing a little catch up here >> my thinking on this has not evolved. i still just don't get crypto currencies i understand the concept and what they want to do with it but still there is a stigma attached to this and they don't have a payment mechanism and you still have the reluctance of regulators to do anything about this, which is a problem you've got whole countries that are -- don't want to touch this with a ten-foot pole so you got real headwinds for this crypto currency thing >> disney said it was too much of a brand risk to go with twitter. is it too much of a risk for the new york stock exchange to get involved with bitcoin futures? >> i think it signifies it's become even more and more mainstream, whether people agree or disagree. my own local pizzeria are offering discounts if you use bitcoin. >> you're kidding. >> apparently backed is also working with starbucks to help convert digital cry

. >>> let's get over to the cme group, get the santelli exchange hey, rick. >> good morning, carl.etimes when you're really, really hungry, even if you're one of those people that work out, watch what you eat, but if it isn't convenient, sometimes junk food does the trick many times when you break with healthy foods to satisfy a rough hunger, you regret it because there's payback. same can be said for high yield or the junk food of the securities markets what i'm getting at here is that the european sector is so overgrown with negative rates that this past september through a couple of industrial or high yield junk deals, hugely oversubscribed for, this is something we need to monitor in the end, that hunger to find anything in this wilderness of negative rates, even high yield industrials, just goes to show us one of the key tenet s or strategies, that is to move investors into an area you deem them to play versus somewhere else, whether it is quantitative easing, you know, tina, there is no alternative, stocks become the investment de jure because central banks altered the credit

and to manage this risk, the world turns to cme group.e prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. i can'twhat? ve it. that our new house is haunted by casper the friendly ghost? hey jill! hey kurt! movies? i'll get snacks! no, i can't believe how easy it was to save hundreds of dollars on our car insurance with geico. i got snacks! ohhh, i got popcorn, i got caramel corn, i got kettle corn. am i chewing too loud? believe it! geico could save you fifteen percent or more on car insurance. >>> democratic presidential candidate bernie sanders proposing a new corporate tax plan robert frank joins us with the details. robert >> wilf, it's called the new inequality tax and companies with the biggest pay gaps. that applies to companies with revenues of more than $100 million, both public and private companies where the ceo makes more than 50 times the median worke

cme group can help you navigate risks and capture opportunities.obal markets and drive forward with broader possibilities. cme group - how the world advances. ♪ iit's not "acceptable or nothing." and it's definitely not "close enough or nothing." mercedes-benz suvs were engineered with only one mission in mind. to be the best. in the category, in the industry...in the world. lease the gla 250 suv for just $329 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. that's what happens in golf nothiand in life.ily. i'm very fortunate i can lean on people, and that for me is what teamwork is all about. you can't do everything yourself. you need someone to guide you and help you make those tough decisions, that's morgan stanley. they're industry leaders, but the most important thing is they want to do it the right way. i'm really excited to be part of the morgan stanley team. i'm justin rose. we are morgan stanley. >>> let's get to jim and stop trading. >> two stocks going in different directions micron is going to continue to

. >>> let's get to the cme group and check in with rick santelli. >> i'd like to welcome my guest jillionank you so much for joining me. let's get right into it. i personally think negative interest rates are a new virus in the financial system, but yet the number is growing. and i guess my question to you is, how do you think wall street and the financial centers around the globe will be dealing with negative interest rates when and someday a recession will hit. it's going to make them a lot more unique than recessions of the past. >> i have to say i agree with you that i am not a fan of negative rates. just this morning the financial times published a survey of the biggest bond managers in the world. we're talking about vanguard, fidelity, jp morgan. what this shows, this should be required reading for anybody in the bond market right now. seven out of eight of the world's biggest bond fund managers say they think this can continue without a crash. i guess that's partly because they assume that the economies are slowing down and central banks are going to just have to keep easing, easin

questions after this >> futures now is featured by >> futures now is featured by ameritrade and cme group utely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ tv aas many safety features powas the rx, the new...... the lexus rx has met its match. if they're talking about you... you must be doing something right. experience the style, craftsmanship, and technology that have made the rx the leading luxury suv of all time. lease the 2019 rx 350 for $399 a month for 36 months. experience amazing at your lexus dealer. ...owning and running the biggesta small business is finding the right people. in hiring our first recruiter, we decided to post a job on linkedin. they had to have worked... ...at a recruiter firm and be bilingual. when we saw ana maria's profile... ...she had a ton of experience in hr. the interview went really well. and she seemed like someone who could really sell mckenzie

cme group can help you navigate risks and capture opportunities.e enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from managing inventory... to detecting and preventing threats... to scaling up your production. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. >>> welcome back to "closing bell." time for "word on the street." jeffries out with a new analyst note on apple, saying that the street underestimates apple's position for the 5g cycle. the firm estimating 208 million iphone units will be shipped in 2021, while street expectations are for 190 million units. >>> guggenheim upgrading snap to buy. the firm seeing underappreciated core fundamental momentum there and strong usage trends. >>> and rbc capital markets is raising its price target for alphabet from $1,500 to $1425 per share, reiterating its outperform r

cme group can help you navigate risks and capture opportunities.le you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. >>> a small number of social media platforms are acquiring immense power over what we can see and over what we are allowed to say. media and academic institutions push flat-out assaults on our histories, traditions and values. david: interesting hearing that at the united nations. president trump slamming social media platforms as wall street is warning about underestimating the impact of the crackdown on big tech. charlie gasparino has all the details on this. charlie? >> right. this

cme group - how the world advances. your car insurance, so you only pay for what you need. i wish i could shake your hand. granted. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >>> from one expirspider to ano. sony and disney reaching a deal to continue the spider-man movie julia has more. >> spider-man, sony announcing it's deeming up with disney to produce the third film in the spider-man homecoming series and the web slinger will appear in a future marvel film this is interesting because it's a reversal after in august be sony which owns spider-man rights and disney controlling the rest of the marvel characters announce add split saying they wouldn't sprouse spider-man and wouldn't appear in movie was the avengers. now the terms of the deal are undisclosed. but disney was looking for as much as half of box office revenue after getting just 5% in the prior deal now the deal is zienzed to be a win/win. sony gets marvel expertise producing the movies the last two spider-mans alone grossed $2 billi

and to manage this risk, the world turns to cme group. farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. neil: welcome back. this impeachment talk and its effect on wall street. charles payne on what is going on with that. >> i think wall street kind of sees through it, neil. believe me, if wall street was concerned about it, if there was going to be a constitutional crisis, i think they would react before even political pundits. that's one of the things that the stock market is known for, being a harbinger of things to come. that's a traditional role it still loves ives up to. i just listened to your interview, you had a leading democrat running for the white house and he didn't sound very convincing on any of it, to be quite honest with you. i think wall street is taking it the same way. neil: trish regan is with me right now. that's kind

from the new york stock exchange and cme group along with andy brenner. guys, what do you think this all means for the rates picture but more importantly, it's a friday. let's spin it forward. teddy, you first. >> well, first, i have a question for you. would your father wear shoes when he walked uphill both ways? >> shoes that his brothers had handed down to him that we made out of tires. yes. hey, it was the depression. >> i think we had the same father. liz: yeah, we did. >> anyway, liz, i think what powell said today was right on the money. you know, we get all this negative rhetoric about the economy, not sure if it's politically driven or numbers-driven but clearly there's a lot of it, and the fact is the u.s. economy continues to do just fine, sort of bumps along with a very positive bias and the stock market quite frankly reflects that. we're within five or six points, 500 or 600 points of the all-time highs. with all the negative news and all that negative background stuff, look where we are with the market. what they'll do with interest rates, i

we have traders at the new york stock exchange, the cme group and the nymex. tim anderson, let's go to you first. i ask you that question, a lot of momentum over the last several weeks. where do we go from here? what's the next trade headline, is it the fed next week? what's going to impact these markets? >> we have had a very strong move this week after this bond bubble we were in the last ten days of august seems to have burst. tremendous mutual fund flows into equities and out of bonds funds, very hard to pinpoint when the major averages might hit new highs. but it certainly feels like we're going there. if not next week or the week after that, then certainly sometime early in the fourth quarter. ashley: interesting. chris robinson, for awhile there, all we focused on was the inverted yield curve. the ten-year treasury now up to a staggering 1.84% or thereabouts. does that mean that these fears of recession are now way on the back burner? >> well, the stock market rallied 2200 points in 12 days, 9% in 12 days. the s&p, over 200 points in 12 days. i think wh

. >> cme group we'll have bitcoin on the cme and i feel exchanges are a great way to play the financial sector they're cutting edge and they're thinking about what's going to be a hit the next 12 to 18 months. >> you want to comment, mr. bitcoin? >> i think cme's going to be an important sort of pathway back towards institutions getting bitcoin, so it could be quite a big deal. >> 100,000, is that what you said for bitcoin >> i don't actually have any more price levels for bitcoin, but -- >> but you had 100,000, didn't you? >> 25 last year. >> 25,000? >> yeah. i think bitcoin can make a new high, yes. >> all right good seeing you again, tom lee. >> we're coming to the end of the quarter. keep in mind that the u.s. dollar is 2.5% higher in this quarter. >> okay. >> i think that will be important for the next quarter. >> we've got to go. >> marathon petroleum mpc. >> thanks, everyone. have a great weekend "the exchange" begins now. >>> hi, everybody. thanks, scott. i'm dominic chu in for kelly evans today. here's what's ahead. one fed president says there's a big risk out there that inves

in a bit >> that's what he says >> all right we'll see you in a few minutes let's get over to the cme groupthe meantime and get the santelli exchange. hey, rick. >> how can i carry on after that only the fed can save us we're really in trouble, aren't we, guys when it comes to today's numbers, obviously, the ism for august was really shocking to some, but it shouldn't be. we all know that the trade issues are having a negative effect on anything industrial manufacturing. but nonetheless, the market had a swift response, as it should last time we were under 50 was january of 2016. all right. the entire treasury curve is guns hot right now the entire treasury curve. which means, when i look up at the board, i see 144 in 2s 132 in 5s, 139 in 7s 193 in 30s should we close here these are all new cycle low closing yields, for this move that has been goinging on f inia number of years. the other news is that the dollar has given back some of its gains, but it's still up on the day. but the important thing is that the dynamic of rates doing what they're doing, domestically, globally, and reserve cu

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cme group - how the world advances. ♪ stuart: all right.new look on fox business on "varney & company." nice graphics, different colors, and we're up 81 points for the dow industrials. there you have it. 26,900 on the button. what are you laughing at? ashley: we are loving your enthusiasm. we're right there with you. stuart: i love it. it's a terrific new look and new approach to business. >>> here's this. good news from the census bureau. median household income hitting new highs. over $65,000 a year. brian wesbury, an economist, come on in. as i got it, we are up $4,000 median household income in the two years of the trump presidency, whereas we are up only $1,000 in the seven years of obama. what does that tell you? >> yeah, well the reason is tax cuts and deregulation. when you reduce the role of government in the economy, when you reduce the interference of the government with businesses, with workers, what happens is you have a better economic growth and that's exactly what we've seen. when you have that better economic growth, unempl

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cme group can help you navigate risks and capture opportunities.reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ >> shares of british tobacco company imperial brands cut its profit amid regulatory scrutiny in the u.s. amid vaping industry in georgia and florida, they've reported their first vaping-related deaths bringing the number now to 11 altria and fiphillip morris international have ended merger talks. and juul ceo has been replaced speaking now with cnbc about juul's future. >> i think juul is well positioned to be highly successful in the near future. still working through the challenges we knew they would have they along with others in the industry will have to reverse the increase of youth usage of e-vapor products >> joining us now, garrett, head of research. you are reiterating a buy on phillip morris in the last three months, would you say it has gone 180 degrees? this has been a tough period this is in question now or is it not? >> no. thank you for having me. it is a big concern,

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and to manage this risk, the world turns to cme group.mers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >>> welcome back, house speaker nancy pelosi announced impeachment proceedings. >> today, i'm announcing with the house of represents moving forward an official impeachment inquiry. preceding with investigations under that umbrella. the president must be held accountable. no one is above the law. >> the president was quick to tweet his reaction an important day at the united nations. so much work and success and the democrats are to demean it with more witch hunt news bad for our country. joining us bill dalye, former white house commerce chief of staff. what does that mean for the next election you are somebody who knows a lot about this >> having been through the last impeachment proceedings. president clinton was good as co come partmental

and to manage this risk, the world turns to cme group.armers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. peyton, what are you doing? (alexa) added to band shopping list. nationwide's teamed up with amazon to bring you the all-new echo auto. alexa, add "xylophone" to band shopping list. (alexa) okay. we don't need a band shopping list. join nationwide now and get a free amazon echo auto. maria: welcome back, general motor strike, starting to take a toll on customers and dealerships, cheryl casone on headlines now, cheryl. cheryl: maria, the strike has caused shortage on parts, dealers are starting to run low on some of their models, job action in 11th day, gm and the united auto workers are looking to end the walkout, we will see if we get something today on that. 95 countries now have military drones, that's according to new report center for

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cme group can help you navigate risks and capture opportunities.e enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. stuart: houthi militants in yemen warn that another attack by iran is coming, probably, what, on saudi arabia? ashley: well, yes. there's a follow-up to that attack on the oil facility, saying that you know, look, you need to be warned, the iranians came to us and we didn't want any part of it. of course, most people are skeptical about this. however, saudis are taking everything very seriously, as you can imagine. the saudis are also very concerned about an attack on civilian ai

let's head to the bond pits now, check in with rick santelli at the cme group in chicago good morning, david you know, one-week chart, i'm going to use all of them today for everything we're looking at because there has been a change. now, granted when you have an august the way we had with regard to humongous drops, not only domestically on the interest rate said, whether it's sovereigns or corporates, it's a global phenomenon. maybe we're not even leading this one look at one week of tens tens indeed are a bit higher do keep in mind we're at 1.47. the low closing yield going back three years plus is right around 1.43 so it isn't a huge bounce, but it's stabilizing now, look at one week. same time frame for ten year bund you can see the difference minus 60 how do you make minus .60 look terrific you start out at minus 0.73. indeed, it's a pretty good move. another reason to think that this is something significant is not only how equities have gained traction, which isn't a bad thing when you pair it with this move, but look at tens minus twos three or four basis points isn't a lot,

to rick santelli as well at the cme group in chicago good morning, rick. >> good morning, carl. 2s isn't inverted, not so many are paying attention to it. we should t turned a bit positive everything farther ought you go today is doing better in terms of higher yield, lower price look at one week of two year note yields it also breaking out a bit. see that top rate around 156 last couple of sessions. we're through it look at one week of 10s. 160 represented that level we're kind of through it and long bonds, i don't have a intraday there, but 209 is the area that's still where we're holding. open the chart up to june of 16. see the bottom on the left side, that was the all time bottom close at 209 until recently. that's why it is so significant. i continue to say 30 year bonds will lead the way. and who is leading bonds i would think that europe is look at one week of bunds. take notice, last wednesday they made a low of minus 75 basis points, revisited once, and here we are now, minus 58, minus 57 1/2 that's a lot of movement for bunds, and it takes me to next chart very import

. >>> welcome back let's send it over to the cme group in chicago and rick santelli with a special editionelcome my guests former ecb president john claude trichet. there is about a three second delay. thank you for joining me $17 trillion of negative interest rates, corporate securities joining that sub zero fray my question is easy. should mario's bazooka be fired again? has it missed the target and how should they deal with the ha handoff considering a slowing economy, maybe a germany recession and the frayed infractions affecting the globe? >> well, first of all, you're right. we are experiencing exceptional times. the amount of debt standing that is in negative rates is gigantic and it is not only in europe it is also in japan as we know in europe it's not only the ecb but also quite a lot of other countries like switzerland, sweden and so forth. i will not say what the ecb governing council should do or not from now on. i would only say that i trust they will do exactly what is appropriate in the circumstances and the circumstances are very special in practically all advanced economy

. ♪ >>> let's get to the cme group in chicago. >> thanks, carl, good morning.guest, vincent reinhart let's get right into it. in your writing, you reference the dot plots, the economic summaries of all the individuals that make up the fed you know, is this a good idea to stress the crystal ball approach when we have the data and dependent approach which seems to always get thrown overboard the minute the markets seem to want more from the fed >> the summary of economic projections was a problematic exercise from the beginning. that's been 40 years when they were talking about just the economic forecast. to be even more specific about rates and put individual dots since 2012 has been a real problem. why? because it makes you focus on the divergence within the community. this is a great example. if there are one more dot for a quarter -- extra quarter point, markets will converge to that. if there's one fewer dot, markets will converge to the other thing. if the fed's data is dependent and makes decisions meeting by meeting, they don't have to tell us what they t

. >>> let's get to the cme group in chicago with rick santelli and the santelli exchange.welcome my guest, alex rover, head of interest rate strategy at jpmorgan chase. let's get right into it. "the wall street journal" had an article today talking about why were they surprised in terms o repo need in funding markets, new york fed president was kind of blindsided? what are your thoughts. >> i don't think they were blindsided the way "the wall street journal" described them there was an event on the 16th that's not uncommon, the scale of it was uncommon in essence basically you had treasury settlements, cash withdrawn from mutual funds, big supplier of cash to repo market, there were dealers and other parties on the other side counting on the cash showing up that weren't able to get it immediately. >> if we go back to the 16th, you had taxes due, and 78 billion in supply of treasuries that had a settlement on the 16th >> that's right. >> today is the last day of the quarter, we have 113 billion of settlement from auctions last week zoour do you think a permanent facility is

. >>> now let's get to cme group in chicago where rick santelli is bonds moving on ism data, rick. >>are moving on a lot of issues i'd like to welcome my guest jim. she's correct. fresh cycle low closing yields on the curve the main reason is for the first time in three years ism moved under the expansion contraction line of 50 any thoughts there >> when it last did in 2015 it was driven by collapse in energy sector, price of crude oil from $120 down. you don't have that one sector driving it lower this is more organic, a generalized slowdown in a lot of ways that's worse. you can't dismiss it as price of crude oil -- >> it's not an economic trigger. you're saying this for the most part is festering of self-inflicted issues. not to say whether we should have self-inflicted them or not. >> exactly. >> now, what did alan greenspan say with the notion of negative rates. what was his comment >> they are no big deal. >> wrong, wrong, wrong i'm sorry, i know he's the maestro. we both agree and you've written a piece on it. tell the world why you thought it was a bad idea. i've always though