new season of "jay leno's garage" less than a week the new season of "jay leno's garage" less than alf joins us right now in that little garage. why jay says this season is more revved up than ever. >>> just don't let this guy anywhere near anything in that garage a moose runs into traffic and charges into a car the damage estimate next before we talk about tax-smart investing, what's new? -audrey's expecting... -twins! ♪♪ we'd be closer to the twins. change in plans. at fidelity, a change in plans is always part of the plan. one, two! one, two, three! only pay for what you need! with customized car insurance from liberty mutual! nothing rhymes with liberty mutual. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >>> plug time. the sixth season of "jay leno's garage" premiers next week on cnbc, comedian jim carrey making an appearance in a crazy game of car soccer look at this ♪ >> i'll be representing the orange team in car number >>> plug time. the sixth season of "jay leno's garage" premiers next week on cnbc, comedian jim carrey making an appearance in a crazy

jay powell potentially complicating the nomination. exclusive interview with the chief executive on the global energy crisis. >> do we expect strategies in europe? at the end, it is a matter of price. as we go through winter, the first time since we have seen such high prices. francine: if you look at the future, they are holding on after the huge selloff we saw in the u.s. yesterday. this is because we are seeing pricing when it comes to treasuries on the back of concern about inflation. if you look at some of the industries that lost the most yesterday, technology as we look at valuations and some of them don't make sense of the other couple things i wanted to show you is basically what we saw treasuries and the repricing means that the market is expecting tapering and there is repricing on interest rate hike expectations for the fed. we are seeing gains. we saw the same thing yesterday and then a reversal 1.5 hours into the trading day. tom: we have bank of america warning that there is some complacency in the market when it comes t

>> love to have you on the show. >> all right jay leno, we'll be watching jay leno's garage next wednesday on the loose in worcester, mass. >> jesus. >> oh! >> good grief. [ bleep >> just got hit by a car. >> good grief, get up, moose you can see the moose running into the oncoming traffic. i'm laughing because the moose is fine. blows out the window, does a full somersault and gallops away fortunately no injuries here to driver or moose. wildlife authorities cornered the moose in the backyard where it charged at a woman. they hit him with tranquilizers and loaded him into a truck. they said the moose is mating season but -- >> it's looking for love in the wrong spot. >> authorities released the moose back into the woods and only minor scrapes from a bang-up city adventure. >>> parents of the missing woman gabby petito begging the parents of her boyfriend to help find her. the boyfriend has been refusing to talk after returning home alone from the couple's cross-country road trip. >>> the advisory board of the fda set to meet tomorrow to discuss whether americans 16 and o older should get

jay powell doesn't want to leave anyone behind.knows the delta variant is weighing on the economy, particularly on the class of people that we just mentioned, and he is not too worried about the cost of keeping interest rates low. he's worried about people not sharing the prosperity i like that. he's going to remain accommodative until the labor market is in better shape. and that's been consistent he's been saying it all along. you are going to hear from plenty of experts tomorrow and even today who think jay is wrong because the inflation that's raging could do real damage to the economy long term. they'll whine the inflationary pressures he's saying that can be abated one day like semiconductor shortage aren't solved by raising interest rates and crushing demand for semiconductors can't have a shortage if nobody is buying. you can say the same about a lot of skyrocketing. plastic, natural gas people stopped using it. they didn't have any money if they were hurt they'd use less of the product and the supplies would, therefore, be

jay pelosky with us in moments. we've got a jay pelosky market this morning.onathan: we've got a bounce back, up 24, on the s&p. we've got a bond move to talk about. there are levels, and then there is rate of change. the level of one point 50% on the 10 year, we can live with 1.50%. but the rate of change, up 20 points in a week, that is worth looking at. tom: let's look at sterling as a proxy for dxy $94. jonathan: a breakdown south of one dollar 30 five cents. what is noteworthy about this, we had a hawkish tilt from the bank of england last thursday, and it hasn't anchored sterling. pure dollar strength with a lot of sterling we this out there. that's got to be the story for me. dollar index is still strong. everything else turned around. the dollar is still stronger. tom: i'm sorry, lisa. the story in washington, is chaos too strong a word? lisa: if you look at markets, because they don't care. the dollar strength certainly doesn't go with this, and there isn't a fear of some sort of mass disruption from a default. that said, it does continue, and i think

jerome, jay powell, say his name, folks, he pulled it off. announces taper he got investors to cheer instead of throwing a tantrum. did you buy the dip? not too late as the rally survived the biggest scare of 2021. where will it go from here? what will be the biggest winners? more moonshot investing ideas. we'll look at ecosystem of it all. the clock is ticking on the debt ceiling and government shutdown. i will talk the political ramifications with larry kudlow and stock market implications with rebecca walser. the empire strikes back. all forces of government circling to stop the cryptorevolution, can it stop. don't look now but amazon wants to open department stores. you heard me right. all that and much more on "making money." ♪. charles: folks, it is all about moonshots, right? the market on the run after getting a green light from jay powell that we might be in a goldilocks scenario. the fed is in the midst of winding down monthly asset purchases there won't be any rate exwho. that has to run its course. a plurality of them they should

you have the old jay powell looking by the old playbook and new jay powell is more woke jay powell wantssee things differently than >> you know, it's very difficult to do, and we have to remember that if the fed insists upon keeping policy too low for too long and, of course, gary kaltbaum will come on and tell us all about it -- [laughter] the bubble is going to press up financial instability and, indeed, we have seen with how fragile markets can be, you get a rumbling, a major rumbling in china other the week -- over the week and all of a sudden the market has a very upsetting monday. you can see that in the fact that we've had the junk bond market is now past 3 trillion in size. you can sell a junk bond, and that is a problem with the other jay powell, with the dr. jekyll and mr. hyde that you're describing, and that is if he insists on having an inclusive up unemployment rate -- unemployment rate get all the way down to 3%, as you're saying below a 50-year low, he's going to be bringing up and raising much bigger problems for the fed to have to address going forward. charles: yeah. m

that's a data point that jay powell and team are watching.ing up, jay powell signals the fed could start tapering in november. he also says rate hikes might not be that far behind. we discussed the latest. later on in the show, we speak to the finance professor at peking university and senior fellow at carnegie. we get his fuse on ever grand and its broader impact on the chinese economy. this is bloomberg. ♪ >> we continue to expect that it will be appropriate to maintain the current target range for the fellow funds rate until the labor market conditions have reached levels with maximum employment. if progress continues as expected, the committee judges that a moderation in the pace of asset purchases may soon be warranted. participants generally viewed that so long as the recovery remains on track, a gradual tapering process that concludes around the middle of next year is likely to be appropriate. half of participants forecast that these favorable economic conditions will be fulfilled by the end of next year. as a result, the median projec

jay: it is global.e are probably in the early stages of a handoff to earnings driven markets, so it is important that earnings continue to deliver, and they have delivered not only in the u.s., but also in europe and japan. a little bit less so in emerging markets, but i think that is going to change as we move forward. i am looking for a synchronized global expansion as we exit 2021 and focus on 2022, and that is going to support continued earnings growth, which is going to support continued higher equity prices, particularly outside the u.s. right now, very bullish on asia. jonathan: why asia? jay: i think we are about to see the true reopening. i've talked about a synchronized global expansion for the last couple of quarters. we haven't really seen it because when asia was open at the early part of the year, europe was closed. now europe and the u.s. are open. asia has been closed. we had pmi's in china and aussie around 45. that's the sound of a lockdown. goldman has a good lockdown index, which is

if they move too quickly, they are hanging the 5.7 million -- the number i mentioned for jay powell -are hanging them out to dry. for jay powell's mind, moving forward with 5.7 workers not yet reengaged, not the substantial progress he has been telegraphing. jonathan: so it will come down to communication, and lisa, let's talk about this -- the conversation on qe on one hand and rates on the other, can the chairman separate the two, and i have been asking to what degree does the clock compromise the effort on the 22nd? lisa: and to what degree does the uncertainty in the data undermine the data because if they are data dependent, we are looking at a different landscape to predict and if they say they are going to change their minds based on that, it really does come down to that. i wanted to talk about what you were talking about, carl, the 8 million job openings, the structural gap that they say the labor market has a lot of slack. what evidence are they pointing to them the granular data that people have not left the market, had an existential crisis, went back to school -- all the

we are waiting on inflation comments from federal reserve chairman jay powell.down 222, powell will testify today with janet yellen in quarterly speech to the senate and powell's opening comments are out. he says i nation is lasting longer and is higher than expected. the comments are driving the actions this morning, the bond market for sure. ten-year treasury above 1.52%. take a look. we are looking at a rally of 4 and a half basis points on the ten-year ahead of powell statement. this follows mixed day on wall street. dow industrials finished higher by the nasdaq and s&p 500 were pressured by lawsuits in big tech. european markets this morning are also lower ahead of powell comments and the worry of i nation. take a look. also a gas crisis in europe. the ftse 100 is down 12. the cac is down 92 and the dax index lower by 168. in asia overnight. a mixed story hong kong was the best performer. it was up better than 1% on the hang seng index. mornings with maria live right now. now top stories that we are watching this morning. senate republicans blocking a measu

hernandez gave the jays separation with a three run blast in the seventh. the a's trailed 10-3 in the ninth, trying to replicate that jays come back from yesterday. shawn murphy, the extent of the season. the comeback ended there. chris davis throws him maybe a generous strike zone, that is your ballgame. jays win it, 10-8. >>> here is how the wildcard looks. it is an american league east wildcard now. the red sox beat cleveland for their fourth straight win. the a's are four games back of the second wildcard spot. >>> chomp those feet football fans, today marks the first full saturday super slate of college football. later tonight, it is the first game with fans at memorial stadium since 2019. great to have them back. stanford, meanwhile, they kicked off season this morning at at&t stadium in dallas. kansas state fans making it feel like a home game for their team. former cardinals john lynch in attendance. his son, jake is a senior linebacker. 7-0, 3rd and 13. i don't think stanford expected a run. dues bottom right of the middle. 59 yards to the middle.

jay gray is live at the carlton reserve in venice, florida on the west coast. jay? >> reporter: the search effort here at the carlton reserv seems to be slipping into an uneasy rhythm. search teams showing up after sunrise. pulling out of the area before sunset it was the first time we saw divers as part of the search effort the underwater recovery force or sheriff team highly trained specializing in finding evidence in florida's murky ponds we also saw pump trucks, backhoes and tractors move into the area today. investigators insisting they will cover all 25,000 acres of this nature reserve that in some spots seems more like a swampy waste land to this point, officials telling us the effort has not turned up laundrie or any key evidence in the man hunt to find him.house, neighbors back at his house a few miles from here, neighbors told fox news this afternoon they saw laundrie and his father loading supplies into his father's pickup truck with camper on top and the family left for a weekend just about a week and a half after he returned home without his girlfriend

jay: it is on mark -- on margin, hawkish.f we see six projected by the end of 24, that's 50 basis points more and on margin that would be hawkish. if we are right on that. guy: if the fed came out with the news and said substantial further progress was there, we have made it, would that be risk positive or negative? we are talking about their desire for a taper tantrum. if we were to get that announcement, would that be risk positive? we are not worried about the story. as a result, we are in good shape. will the market really be that way or will it freak out? jay: that would certainly be a positive sign, and i'm just a humble rates guy, not a risk person. the market would likely bring forward the expectation of rate hikes as well. even though they have done a good job tapering asset purchases, the lift off date would be somewhat negative if they brought the first one forward into 2022. alix: you just said freak out, guy. i feel like i'm rubbing off on you. only two years. guy: freak out, yes. it will take two more years to s

jay, if not -- jay, can you chime in with the staff reaction? i know that there's no staff recommendation. but can we kind of have an overview of how this impacts staff, etc.? >> well, from the staff perspective, the plan has been in a state of uncertainty and change and human nature, people don't like change. when i announced that i was going to retire, you know, everyone naturally was wondering who the board would select to replace me. the uncertainty of the reporting relationships, what would change between, you know, the staff and the new boss. then the pandemic hit. that was delayed. they understood that there was a delay. and then suddenly we have our c.i.o. decide that he was going to be leaving the plan. this is a first public discussion that staff has heard related to why the board believes that it's a prudent decision to at least pursue and to see whether there would be a candidate that could fit the dual role. i think that the uncertainty is compounded by this and now people are wondering on the reporting relationship they had with bi

rappers like jermaine dupri, jay-z and ja rule were saying to the world can you believe this?t up we say ♪ ♪ what i do ♪ >> hip hop was no longer the bratty kid on the block, it's the predominant music. and then what really takes it over the top is a young rapper from detroit. ♪ we're going to have a problem here ♪ ♪ you act like you never seen a white person before ♪ >> in 2000 eminem puts out the marshall mathers lp, marshall mathers being his real name. suddenly the biggest star in hip-hop is eminem, bar none. ♪ all you other slim shadies are just imitating ♪ ♪ who's the real shady please stand up ♪ >> eminem came from a white working-class background and those are the stories he told. it just put him on a different level because he brought his own authenticity to the game. >> deejay. kick that -- >> i saw "8 mile" in times square opening night and had to sit in front of the theater. it was one of the most satisfying movie experiences i've ever had. i mean, listen, on "lose yourself" when that thing comes through your speakers in a giant movie theater that's a big moment. >

jonathan: i'm pretty sure jay first came on the open.elosky agrees with neil dutta on this and is looking to international, is looking for this more synchronized reopening in asia and he likes what he sees in japan. i said it the start of the segment, the rally in the nikkei has not cot many headlines at all. -- has not caught many headlines at all. tom: we see in emerging markets and china and all the angst over evergrande. jonathan: it feels like saturday. tom: i think barton biggs introduced me to jay pelosky. jonathan: how far back are we going? tom: way back. back when the red sox won. lisa: i think it was straightforward. jonathan: very straightfaced this wording. -- very straightfaced this morning. it is ok. lisa, enjoy your birthday. happy birthday. futures down three. this is bloomberg. ritika: with the first word news, i'm ritika gupta. president biden is trying to speed up efforts to cut down greenhouse gases. he will hold a virtual discussion of climate change with world leaders who is concerned commitments are language betwe

we've reached out to jay clayton, former sec chief who brought the case against you guys, it was hisp, bill hintman, the head of corporate finance, headed a lot of the regulatory stuff involved in crypto. we've reached out to the people who run ethereum because they play a role in this too. we've reached out to the sec press office to get in touch with gary gensler because he's continuing the case that clayton brought. i guess this is where it comes down to it for me, brad, ripple was charged by the sec for failure toadies closures after, if you look at it pretty objectively, doing much the same thing that ethereum did, and they've gotten a complete pass. bill hindman gave them a pass in that famous 2018 speech, obviously, jay clayton given them a pass, so far gary gensler hasn't looked backwards and said, hey, was that a security when you were using ether to build out the ethereum block cape, and you guys would be in big because you're presumably using xrp to continue to build out. why do you think there's these two standards, just from your standpoint? >> look, i'll start -- charli

host: the organizer of the justice for jay six on the east end of the national mall and taking phonealls this morning for another 15 or 20 minutes phone lines for democrats folks are calling in we are america first committee organizers to change over policy at the state level and for justice for jay six the left is dominated communityco organizing most think barack obama and so how is this community organizer will run for president? that was a grave mistake on our part we have to recognize that is a powerful tool and that is where america comes in. >> we are leading on this front whether a local battle against crt or a state battle for voter integrity on behalf of these political prisoners. host: you work for the trump campaign at one point quick. >> rector of data and strategy in 2015 and 2016. community organizing in 1994 against the clinton health care plan with hundreds of elections and nonprofit groups i started this group 2017 it failed and didn't get any attention we launch january of this year and i think we had our stride we have leadership in 40 states 2500 we are growing r

why can't we just listen to jay? i mean what -- all right i pick portland because they're good about getting vaccinated. they're all about 60%. most of america's manufacturing is in the sunbelt. vak sin augs rates vaccination w live free and die territory. kind of put the opposition in there. so what if jay powell is on to something? what if the delta variant has peaked won't those people go back to work can we use that to explain labor shortage as cross dozens of industries in little to do with unemployment benefits and everything to do with being fearful of the pandemic or not wanting to go to work because you thought you would catch it or because you caught it so china goes off the raid ar screen for 24 hours. president xi had to bail out ever grands customers and jay gets new found credibility because we can't tell if delta peaked or not. the bottom line, the absence two of negatives does equal a positive which is how you got this magnificent rally. i want to go to sam in colorado. sam? >> jim, how are you? >> sa

jay abbott started talking about nassar. then he said, you know, i'm about to retire. i'd love a job with the usa olympic and paralympic committee. that was the conversation. but could all of this be born because he wanted a job? there was another. the special supervisory agent was the one that interviewed michaela maroney and he also covered it up. what were the conversations between them that we don't know about? because the attorney for these victims believes there was a conspiracy here. that is a very serious allegation, it is a loaded term, but what were the conversations so that at least two fbi agents worked toward the same result? . >> flhopefully we get some absolutes to those questions when the justice department testifies. when you talk to people at the fbi and the justice department, can they tell you with certainty that the roots of that corruption, potential conflict of interest, all of those roots have been ripped out, or is there still a problem? >> no. we don't even fully understand the roots of the problem, exactly why they were engaging together in t

later today we will hear from jay powell and secretary yellen.loomberg. ♪ it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. (announcer) the core is key to losing weight, getting back in shape, and feeling good. introducing the aero trainer, designed to strengthen your core, flatten your stomach, and relieve stress and back pain. it conforms to your body and increases muscle activity. abs, back, obliques, hips, and glutes. get incredible results in just five to ten minutes a day. the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> a lot of things are changing right now that are leading to higher yields. >

jay: what happens if she doesn't wake up?

jay-z still when she was on. team's 3rd cole irvin hangs out all 100 kirk that's gone for a three-run home run. it 7. nothing jay-z. and gave up 7 runs over only 2 and a 3rd innings yanks. robbie ray meanwhile, had such problems for the jays. he didn't give up a hit until the 5th inning and struck out 10 days over 6, 2, 3rd innings. pretty good outing for him and oakland only managed 2 hits all game long. so the bluejays really run away with this 1, 8 nothing. they sweep days and what was a pretty devastating series for oakland. but after the game that happened, bob melvin said, hey, don't give up on us yet. >> i think we've got to just have a short memory on that one. you know, we've been a swing the as a group really putting up a lot of runs. and you know, we just haven't been able to find a way to win some of these ball games. you know, we're still in the high. obviously we've been on a skit lee and that's that's not good. bye. i think that there's some positives we can take away. we've been swinging the bats.

jay gray, nbc news, new york. >> jay, thank you. the fbi also honoring the victims of september 11. fbi director christopher wray and others gathered at the terrorist screening center in virginia. wray rekouptsd where he was on that day and acknowledged how the fbi has changed to ensure an attack like this never happens again. >> every day we wake up asking ourselves, what to we immediate to do to keep people safe today, tomorrow and the day after. because of september 11, the fbi transformed itself in ways that have made us better able to carry out our mission, to protect the american people. >> two fbi agents were kill thad day, agent hatton and agent john o'neill. 20 year later, how is the u.s. adapting to keep america safe? on nightly news with lester holt, peter williams looks at advancements and one of the newest dangers. >>> one of the services in the bay area tomorrow will be at the flight 93 memorial in union city. it was bound for sfo when it was hijacked and ended up crashing in a pennsylvania field. nbc's ""dateline"" focuses entirely on flight 93, how it happened, the h

(jay shouting) (horn blares) -tonight: -i think i'm in love. (jay) ...on jay leno's garage.actly, but something very close. (engine revs, brad laughs) don't blink, 'cause today's episode is all about speed. (brad p.) woo, look at you go! (jay) we've got all our favorite guests,

the united states, jay powell, we have heard a lot from him. a question of how hard they let inflation run. it is higher than they were else but also growth is stronger. he is in a different place. kuroda has a new prime minister who will spend a lot of money on fiscal stimulus, or he says he is, so how does he handle that? this is the day kuroda becomes the longest serving of the central bankers. andrew bailey is in the unusual position of dealing not just with the pandemic reopening, but brexit and the shortages that is creating. they have inflation high enough the bank of england is already talking about the possibility of rate increases. alix: talk about the sequencing a little bit. if we look at the u.s. and the u.k. which would be inching more closely to tightening monetary policy, the sequencing is very different. what are the different effects of that? michael: it depends how the timing works out. if the bank of england goes first and raises rates it will not have a huge impact on the rest of the world. if the u.s. starts tightening pol

lewin. >> adam jay lewis. >> jennifer lewis. >> kenneth e.ei liang. >> orasri liangthanasarn. >> daniel f. libretti. >> ralph michael licciardi. >> edward lichtschein. >> samantha l. lightbourn-allen. >> steven barry lillianthal. >> carlos r. lillo. >> craig damian lilore. >> arnold arboleda lim. >> darya lin. >> wei rong lin. >> nickie l. lindo. >> thomas v. linehan, jr. >> robert thomas linnane. >> alan patrick linton, jr. >> diane theresa lipari. >> kenneth p. lira aravalo. >> francisco alberto liriano. >> lorraine lisi. >> paul lisson. >> vincent m. litto. >> ming-hao liu. >> nancy liz. >> harold lizcano. >> martin lizzul. >> george a. llanes. >> elizabeth c. logler >> catherine lisa loguidice >> jaume robert lohez >> michael william lomax >> and my brother. there is not a single day that goes by that i don't think of you. losing such a beautiful soul and a kind spirit is more than words can express. if i had known missing you would hurt so much, i would not have let you go. i miss my best friend. you are on replaceable. ever since i lost

nothing blue jays now. the red sox yankees and astros all lost. but the mariners won. so oakland slips behind seattle in both the division and the championship, final round, patrick cantlay on the 18th hole and this approach was like worth 15 million dollars. that's the prize money for winning the event over the water. sticks. it within 12 feet of the hole. how about that. can't light only needed a 2 putt from there. on the pretty easy stuff. he taps it in to win the tour championship and that is a cool. 15 million not a bad day's work. a matter of fact, jonathan, i'm kind of starting to think that maybe i pick up some gulf. know. >> i think going to be definitely the wrong business. that i know for sure. yeah. that and chad pender someone needs duma hug. some love in a cold one tonight. that was a yeah play that was brutal. and and he still didn't make the play. so tough luck for pender of the cycling on the highlight real not not this kate, thank you. take a look at this cool scene off the coast of newport beach down in orange county. more good judo of newport, coast

good to have you with us as always what do you think is on the mind of fed chair jay powell right now and his fellow fomc members? >> exactly as steve was saying, trying to see what is enough progress and what is substantial. that leaves them a lot of wiggle room looking at not only the headline numbers but the details, be what's happening with hours worked, wages, what's happening in the different sectors? they will look at those different pieces and not just the different numbers. >> the fed seems to have communicated about as effectively as one could that a tapering, a pulling back of bond purchases is coming. does it really matter when it starts, randy? >> well, i think it does make a bit of a difference. plus or minus one month will not make a difference. six months or a year makes an enormous difference. given a lot of people concerned about the potential of inflation with the economy coming back and the labor market does seem strong, a lot of people are quitting and you only see a lot of quits when people are confident in it. i think it makes sense to lay the foundation at thei

the unemployment rate is expected to drop to 5.4% in july let's get to jay bryson. this is crucial, jay, as what the fed can do next. >> it is critical here the fmoc meeting is on september 22nd they will look at the report here and as you get another print of 900,000 as we did in the last two months, that potentially opens up the door to a taper in the september meeting. the other hand, the lower estimates are correct at 300,000, you can taper in september off the table. >> inflation and consumer confidence at a six-month low. how are you using the other economic reports to get a sense of what we'll see in today's jobs report? >> there certainly is a lot of noise in all of those different economic catindicators one thing we get is the pmi in new york and philadelphia. if you look at the service sector component of those reports, that's actually quite strong there's a lot of reason to think this report could be low if you look at those reports, that also would suggest that the service sector hiring held up well in august you know, there is a lot of noise here now we

vonnie: fed chair jay powell says there is little direct u.s.t ridden chinese developer evergrande but thanks the crisis could impact global financial conditions. he says corporate defaults in the u.s. are very low but an evergrande could damage confidence. >> the evergrande situation seems particular to china, which has very high debt for any emerging market economy. really the highest any emerging market economy has had and the government has been working to get that under control. there is not a lot of direct united states exposure. the big chinese banks are not medically exposed. vonnie: the japanese prime minister has warned about china's rapidly growing military influence ahead of the first in-person meeting of the so-called quad group. he told lynn by the changing power balance could threaten japanese prosperity. she will join leaders from the u.s., australia and india on friday at the white house. beijing says the group is pursuing confrontation using a cold war mentality. u.s. treasury secretary janet yellen reportedly wants wall street

. >> did you want -- it just happened again, jay. >> the story of the machine begins in texas with man named ric harrell. >> -- yeah. you realize --. unbelievable. >> people -- i saw people

jay gray. back to you. >>> there are moments in a high school in virginia after a gunman opens fire. it happened in newport news at heritage high. the gunman shot two students. they rushed the students to the hospital and they are expected to be okay. the campus was evacuated as police searched for the gunman who was found hours later. as parents arrived, it became a frantic mess because parents just abandoned their cars on the street running to look for their student. >> seeing the s.w.a.t. cars coming down, very traumatic. he said he was real close to the gunshots, too. he said he had never been so scared. >> the victim and the shooters did know each other and that he specifically targeted them. >>> it's news that many parents have been waiting to hear. pfizer announced today its covid vaccine is safe and effective for children ages 5 to 11. it comes as covid is on the rise with kids back in school. and new travel rules. alice barr has the latest. >> reporter: children ages 5 to 11 are allowe

i'm jay gray. wakt. back to you. >> thousands called in the days and weeks following the collapse of the twin towers where jay gray was reporting for us. among them, the chief of the menlo park fire protection district. we spoke with him, the now retired chief holleman, leader with the search and rescue task force and led california task force 3. just five days after 9/11. he led 60 firefighters from the peninsula to ground zero. they worked for 14 days straight sifting through debris looking for survivors and recovering bodies. a hunting memory. remembers how new york felt during that time. >> the eyes are the windows to the soul. there's the level of despair, profound sadness, shock, and then resilience. >> it was such a dangerous assignment. left behind dna samples with another attack or building collapse in case the

jay powell spoke about it again this morning.a that they would taper soon but maybe hike even later and then wait until you get much better employment, not worry about inflation quite as much. remember, we spent the better part of the decade below 2% in terms of cpi inflation, so what is to stop the fed saying we will let it run hot for three or four years. do they want you to stay up about 3%? probably not. most indications suggest inflation will be in the more 2.5% range, so they may tell right that more than they would have under their old paradigm. amanda: as we know, the steep yield curve can be a sign of economic health. how steep is too steep for the fed, when do they start to think about the front and? ira: i don't think they will worry too much about that for at least another 50 100 basis points. at 120 basis points, that is not a crazy steed curled yet. around 200 is the level you get when the federal reserve begins to hike. i don't think that we will reach that level of this particular cycle. i think the market will ke

kailey: -- kathleen: jay powell said the taper could end by the middle of next year. at the same time, the dot plot, the interest rate forecast showed that nine now see the first rate hike by the second half of next year. is the fed tilting more hawkish? patricia: i think they are. that seems pretty obvious. i think they were concerned at the slowdown in growth over the summer. they have been encouraged. i think they started to signal this a little earlier than what perhaps the market consensus was. there were signals at the last f1 see meeting that the taper could be moved into this year or early 2023, and it was forecast to be much later. the next meeting seems likely and in the q&a chair powell was clear that in his opinion it would take a mediocre jobs report to discourage him from that view. he described where the labor market was. which he took in his definition to be substantial progress. in getting back to full employment. the timing seems to be very steady if i had to guess, of the taper. a standard, slow timing over the course of it months. kathleen: so you

great to see you. >> i saw a lot of those on twitter as well about jay. that's all our twitter feed is and i don't see any of you're fat, you're bald, because you got to go through them one by one because there are so many apt rip him that's all that comes through for days, ripple what was the other one, the apes that's all you get on twitter, i don't have to look at twitter, because it's about some ar cane. you get those? >> sometimes we're lucky we don't see other stuff in there. >>> rick santoli is standing by in chicago. >> yes, initial jobless claims popped 16,000, one-sixth higher, they were revised from 332,000 last week to 335,000, joe. now we take that to 300. a week in arears, continuing claims, moved from a revised 2714,000 to the present number 2 million 885,000. so we are movieing a bit in the wrong direction but for all practical purposes at least on initial claims, they seem to be consolidating a bit. continuing claims popping a bit. after yesterday's fed meeting, maybe the residual issue that most traders are discussing around the water co

but having just criticized the conflicts of interest of jay powell owning munis. david, do you think those dot plots are wrong and that we're not going to see a rate hike for many years >> i don't have a strong -- look, this is not a lot of rate hikes. we're talking even by the end of 2023 it's four rate hikes. it's still not even one a quarter if we get one in 2022. and that's only three rate hikes during 2024. so it's not like they're running off to the moon. i think that was a pretty dovish, especially when you consider how many hawks have been spinning a hawkish message. i think what jay said at jackson hole about the long-term inflationary trends that are going to reassert themselves are very likely to reassert themselves is the real story in the medium to long run and the short run story is disruptions and create more of a stagflation. and we go back to the problems of the last decades which are really disinflation, not inflation. it's been my core view for a long time on the long-run story. it's how we work this temporary supply story and how much fuel that

jay has been boating. jay. >> yeah, absolutely, shep. we're on an air boat, the bev way to get no this area. look right to the side here. that's the carlton reserve that's where the teams are searching for brian laundrie, and this is the kind of dense brush that they have having to work through he want to give you an idea of the terrain what have these teams are going through and to do that we've got the captain of the air boat here to talk to us, trey ward. trey, you know this area very well what are they dealing with in there terrain-wise >> very tough terrain, very thick terrain. lots of heavy brush in there, so it's going to be really hard to that have gate through this and you're dealing with the flood season this is our high water time. everything is under water, trails under water so navigating through the woods, especially 25,000 acres, a lot to navigate through so it's easy to get lost. >> another danger as you're working through here and that's the animals. there's a lot to deal with when it come

she was saying that about jay powell. will treasury secretary janet yellen publicly support his renomination? how much will progressives get on the bandwagon that senator elizabeth warren set out? jonathan: i'm listening out for more this from chairman powell yesterday on transitory. this is a process that will have a beginning, middle, and an end. if that helps. tom: where we are now is how do you affect monetary policy with such fiscal uncertainty? no way in the history of the fed. jonathan: it is something we talked about a million times. the range of outcomes for next year, never mind the year end, it is incredibly wide. tom: i will hallmark some q3 returns. what about amazon? everyone is beating up on amazon. it has cratered over the last 90 days, down 4%. it is horrific. jon: the broader market is positive on the s&p. tom: we have to put things in perspective. jon: we will work on that. they had a fixed income strategy, the playbook for q4. what is it? george: the fed has two big challenges. you've already touched o

no word if they will be back in the morning. >> surveillance purposes, jay. surveillance they didn't do on brian laundrie collin morikawa, frank is here, former fbi assistant director for counterintelligence, held senior fbi leadership positions across the country frank, this federal arrest warrant for unauthorized use of a credit card, that may not sound like a big deal but the effect is. anybody who may be harboring him or helping him is now in legal trouble themselves >> that's right, shepard that may include brian laundrie's parents who may not be accessories after the fact or involved in harboring, if they know where he is and despite what brian laundrie's attorney says that this indictment today is not related to gabby's demise, here's why i think he is wrong it says unauthorized use of a credit card. if it's her credit card, that means authorities are convinced that gabby was unable to give permission to use her card that means they are closer to fixing the time of death somewhere around that august 27th dispute at that wyoming restaurant and the augus

jay powell said yesterday it is not fully repaired.for the european market open. "surveillance: early edition" is next. ♪ >> i think it is clear we have made progress on our inflation goal. >> employment short of the mark for progress, but progress continues and it may soon meet that mark. pres. biden: this is a pandemic of the unvaccinated. i moving forward with vaccination requirements wherever i can. >> this is "bloomberg surveillance: early edition" with francine lacqua. francine: good morning and welcome to "bloomberg surveillance: early edition."

jay leno emerged from behind the curtain.e a call to johnny carson asking for his advice and johnny said if it was me, i would leave. and i think that advice was really the -- the lynchpin. letterman always took johnny's advice. >> the late-night wars are about to begin in earnest on american television. david letterman is now headed for cbs. >> cbs had lured him over with a salary more than four-times that of leno and given him what he really wanted, the 11:30 time slot. now, as dave and jay prepared to go head to head, one thing is clear. late-night tv will never be quite the same. >> all of a sudden, there's a talk-show war. >> start up your remote controls. the late-night race is about to begin. >> on monday, david letterman's new show debuts here on cbs. followed a week later by chevy chase on fox. and a week after that by conan o'brien on nbc. these combatants joined "the tonight show" with jay leno, arsenio, and nightline. >> it became a crowded space and the competition became that much more difficult. >> in the third

jay powell are trained as lawyers -- you and jay powell are trained as lawyers.u think the -- christine: i think -- i strongly believe in diversity, david. -- diversity, david. diversity does not only have to do with sexuality,, race, gender. to bring it all together around the table improves the quality of the decisions that we make. i have learned a lot from my colleagues. david: 2 final questions -- one, i would like to know what is the pleasure of being the head of the central bank? you have to work seven days a week. what is the pleasure you get out of heading the european central bank? christine: it is the same kind of pleasure i take in meeting other organized -- leading other organizations, making sure those around me are delivering on their mission and we form a team heading in the same direction. that to me means an awful lot. david: in your youth you were a synchronized swimmer where you have to work closely with teammates. is it the case that when you are doing the central banking role, you need the same skill set? do you think your central -- synchro

in coded language is jay powell suggesting that interest rate hikes could come sooner than the market expects >> morning, brian. yeah, i think the market is catching on to that, as you say, he puts in that testimony this word "enduring," it's the bottlenecks and the market is connecting those bottlenecks with the pressures we're seeing in energy and that leads to inflation. so that should translate over time to rate hikes so the yield and the treasury this morning at 153, not really the number we're going to be sitting at for a while we'll likely move higher because if anything, it's also correlated with what's going on in europe where, for example, in the uk, as you outlined in the segment, their big lines for gas stations where the shortages come up. so uk rates move up much faster now and they're ready to hike. the big picture here, we're going to have to accept that inflation is higher and stickier, and this will be a key part of the testimony. >> yeah, and we're going to get a live report, by the way, on that gasoline problem in the uk in moments, ben. but the market is like kids