i've watch, shut down, have to shut down everybody's committed speech. the main opposition comes from hard line members of his own republican party, but many what major cuts in spending and some may be willing to go all the way, give the american speak to the tax money back. that will be a good thing. with a take a couple of weeks shut down. probably. so that's, that's fine. we need to have like the american people tired spanish congress passed to extend funding before september 30th. after that, the government will have to shut down until more money is approved. that means non essential staff are sent home. some areas like law enforcement and air traffic control will be effected. other services would continue, but at reduced capacity there's been more than 20 government shut down in the past 40 years. most only lasted a couple of days, but more recent ones in 20132019 went on for weeks. the pitch ratings agency recently downgraded the us credit raising sizing, a study deterioration in governance over the past 20 years. the divisions in congress have law

on semiconductor, down nearly 4%. amd, down about 4.5%. intel, down more than 2% at one point. than 5% at one point. and tsmc itself down more than 2.5% right now. now, behind tsmc's request from suppliers, that uncertain demand environment, especially in china, that's causing some consumer electronics companies to order fewer chips to manage their inventory. it's a story we've been hearing all summer long, scott. >> yeah. no doubt. steve kovach, thanks to you as well. not going to take too much to push some of these stocks around, just given where we are. >> yes. where they got to in the first half of this year and you know, some people have been looking at that and said, nvidia aside, that it was being pretty aggressive in pricing in a durable turn to the semi cycle, so yeah, not too surprising to see that the convention is not necessarily strong enough to defend against these kinds of pulldowns. >> major averages here. dow is down just about 300 points at the moment. we are red across the board. it's been a rough stretch. >> exit right at 4,450. >> we'll talk about that more

and shutting down. i guess my question to you is what are leaders right now, if you are having conversations with senate leaders and possibly mccarthy about the bigger picture here, trying to make sure the government is actually functional for a full year? >> as house democrats we have full and complete and total confidence in the top democrat on the house appropriations committee, who has led us up to this point in an extraordinary way, was involved in the conversations with her senate counterparts with respect to the bipartisan continuing resolution that is pending floor action in the senate right now, and we will continue to take the lead moving forward, hopefully when we avoid this extreme maga republican government shutdown, because the continuing resolution that is under discussion would extend the funding from october 1 through november 17 for about a six week period of time, and that will actually give the appropriators the ability to sit down and have thoughtful, comprehensive conversations abo

it is 10:00, straight to the money, downside moves, the dow down 30, s&p down 20, the nasdaq down, tech stocks down one hundred 20 on the nasdaq. show me big tech, they are all down, apple, microsoft, meta, amazon. not a huge selloff but a 10 year treasury yield moved above the 4.3% level. oil got to follow closely, some inflation with oil moving out, $90 a barrel up this morning, just received the latest read on consumer sentiment. what number do you have? lauren: it went down because gas prices went up. the number for september, per limiter number, 67. 7, the expectation was 69. one. cpi and ppi both came in hot, 5 year inflation expectations did come down a bit. i find that encouraging. one of the point, few customers in this survey mentioned potential federal government shutdown but if it comes to bear they are really worried about the economy. put this in perspective, you have the hollywood writers and actors on strike, the auto workers on strike and potential of the government shutting down. how would you feel about that situation? stuart: the number of consumer confidence, the ma

down but the dow is down almost 82, s&p down 13 and the nasdaq is down about 50. the ten year yield is up, that may be putting the pressure on nasdaq stocks in the tech stocks after more than 150 days meanwhile it looks like there may be an end to the writers strike. hollywood studios and writers certainly have, they reportedly struck a tentative agreement. meanwhile no end in site for the auto union workers strike but joe biden will be joining the picket lines tomorrow right before he heads off to a trip on the west coast for another 2024 money grab. it is monday september 25, 2023. "varney & company" is about to begin ♪ ♪ >> welcome to this rainy monday in new york at any rate i hope it's better weather in your neck of the woods. it is debate week. wednesday night we will see republican candidates take center stage and try to convince americans to give them their vote. madison alworth is not the ronald reagan presidential library where the debate will take place. set the scene for us. >> absolutely, good morning we are here in simi valley at the ronald reagan pr

and down, down i went there — there were signs. and down, down i went.ew people there. the staff were there. there _ went. there were a few people there. the staff were there. there was - the staff were there. there was water _ the staff were there. there was water and — the staff were there. there was water and a _ the staff were there. there was water and a coffee _ the staff were there. there was water and a coffee machine! - the staff were there. there was i water and a coffee machine! they were _ water and a coffee machine! they were quite — water and a coffee machine! they were quite smart. _ water and a coffee machine! they were quite smart. they— water and a coffee machine! they were quite smart. they knew- water and a coffee machine! they were quite smart. they knew the| were quite smart. they knew the early _ were quite smart. they knew the early warning _ were quite smart. they knew the early warning was _ were quite smart. they knew the early warning was set. _ were quite smart. they knew the early warning was set. they- were quite smart. the

oil needs to come down, yields needs to come down, we got a problem. >> i think it is a triple whammy. i would throw the dollar into the mix as well. >> good point. >> and that's what's unique about this point in this cycle is that we have got both the dollar and oil going up. normally they're inversely correlated and just points to the unique circumstances in terms of why oil is moving up. it is not a demand story, it is a supply story. but i think what had been a very yield driven equity market, i think it has now become driven by the combination of yields, oil and the dollar. so i would agree. i think it is tough. if we were going to continue to see that upper trajectory across all three areas, it is hard to see a scenario where equities can do well under that environment. >> how do you look at the idea of there is still just good competition elsewhere for people's money? you get 5% or close to that on a variety of different products that are out there. so we still have other places to make things work without taking as much risk perhaps in a risky part of theier. >> i think that's

, down up, back down ♪ ♪ knock me down i won't back down ♪ ♪ ♪ ♪ knock me down, down up, back down ♪ won't see it comin' ♪ ♪ all of these anxieties come over me just let me breathe ♪ ♪ are we just forever runnin' out of time ♪ ♪ missin' how it feels to really be alive ♪ ♪ knock me down, down up, back down ♪ ♪ knock me down i won't back down ♪ ♪ ♪ ♪ knock me down, down up, back down ♪ ♪ knock me down i won't back down ♪ ♪ ♪ what can i what can i do ♪ ♪ can somebody give me a damn clue ♪ ♪ fear on my body like glue ♪ ♪ can't move i can't move i can't move ♪ ♪ what can i what can i say ♪ ♪ tellin' myself that i'm okay ♪ ♪ colors come after the rain ♪ ♪ knock me down i won't back down ♪ [ cheers and applause ] ♪ >>> this is "nightline." >> juju: tonight, brazen escape. the stunning new video showing exactly how a convicted killer escaped a pennsylvania prison, crawling up a wall before slipping through razor wire. now spotted seven times in nearly a week. why authorities are on the hot seat as the urgent manhunt continues. >>> plus, shocking allegations. ruby frankie, the utah

and then down on the james river. and concerned that he might have to send reinforcements, support them. so what he ended up doing was taking general longstreet's first corps basically third of his insurgency force and his best moving it down to gordons ville several miles south of where the rest of his army was stationed, so that it would be on the orange and all i'm sorry, would be on the central railway and could either hop on railcars and support confederates in the valley or zip down to richmond and support confederates fighting against general down there. so lee is sort of stymied. so we see him frozen in place, which is very unlike general lee, and he also realized the importance of holding that line along the rapid and river. and he said, as a matter of fact, a message washington saying that i'm sorry to richmond saying we must hold rapid in line. otherwise great injury will befall us. and what he was talking about this if he had to fall from the rapid end line, he would probably have to end up dropping back t

you have deutsche bank down 3% of the commerzbank down 4%. socgen down 3%.ou have another downgraded. over all, a pullback in the banks. on to luxury. cac 40 is leading the losses because of the pullback in luxury. lvmh down 1.8%. part of the reason we have seen novo take that position as the largest stock by market cap in europe. lvmh has gone down and novo has appreciated. chris matian dior down 1%. let me hand it over to joumanna with data from the ecb. >>> julianna, we have been piecing through the signals on the pmi side of things. we just spoke about the composite numbers coming in lower than the flashes estimate. we are also getting results of the ecb survey with the respect of inflation. expectations for inflation in the next 12 months are unchanged at 3.4%. that is higher than the 2% target. expectations for three years ahead have risen to 2.4% from 2.3%. why am i emphasizing the word rise? this is key for the ecb and what it is trying to achieve. when they tighten interest rates, the aim is to bring down expectations of where inflation is going to

we see the dow futures down 180, s&p down about 27 and nasdaq way down, down about 100. the 10-year yield is down, remember, it popped yesterday. we're going to be talking about that, why the market didn't react more strongly to the pop in interest rates but, again, they are down a little bit today. the 10-year yield is at 4.5%. and the stage is set for the second gop presidential dethe bait. seven candidates are going in the spotlight tomorrow night including doug burgum, former new jersey governor. chris: city, florida governor ron desantis the, nikki haley, former vice president mike pence, tech entrepreneur vivek ramaswamy and south carolina senator tim scott. it's tuesday, september 26th. "varney & company" is about to begin. ♪ ♪ ♪ i'm still standing better than i ever did. ♪ looking like a true sur discovery, feeling like a little kid ♪ david: oldie but goldty. tomorrow though is the big with day. it is going to be a golden day for fox business. we host the second republican debate tomorrow at the ronald reagan presidential library in similar ismy valley, californi

put the knife down. hey. get out of here. put knife down! why not? why not? put it down. you want to red light, ed? red light, red light! sir, we are not here to hurt you we gotta figure out what is going on we can't until you put knife down. please, put it down. >> why not? can you why with don't we start with your name. sir, when is your name? we are going to play enhanced video the body footage we viewed of initial contact between officer 1 and mr. everett. the enhancement highlights the location of the knife. red light red light! sir being we are not here to hurt you we gotta figure out what is going on we can't until you put the knife down. please, put it down. why not? camera footage from patrol sergeant 1. first supervisor on scene. the body footage begin with sergeant one arriveos scene requesting can additional resources, managing and coordinating the incident. >> eddie you talking? >> [inaudible] we got a [inaudible] and utilize [inaudible]. you want to triangulate. >> yes. you want to be a team? all right. >> hey. am ob up there, right? eddie come on here? tria

, it of course never shuts down the us military, doesn't shut down any one of 800 military bases around the world or the aircraft carriers, the submarines stop their wars for one, but it does impact working people profound in the millions and the family. so that is who it's intended actually to impact, do they care if they create hardships for working people? no, they don't at all, they'll actually save some money doing this, and that is what is the cruelest part of this theater. daniel, the american government's finances aren't in good shape, in august, us credit rating took a big hit, how big of a hit will a government shut down, deliver to the already. economy, it will be substantial, but again i think that this problem would exist, shut down or no shut down, and they do, look forward to blaming their failures on the shutdown. and question to you, miss flounders, about the fledging economy of the united states, our guest and la believes that the economy is in trouble with or without a show, the us economy is in deep trouble, the dollar no longer ranks. that's a fact, the whole world

the government. burn the place down the people's business. we all american workers and we want to do our job is to congress this lock and us out of my job. also coming up the tensions between china in the philippines, beijing laying claim to territory in the south china sea. the reaction from manila that belongs to us. so what the philippines has done is nothing but a farce for its own amusement. the china will continue to safeguards its territorial sovereignty and maritime rights. which right now, it's right for to our viewers watching on cbs. in the united states and to all of you around the world. welcome. we begin to the day inside the us congress, which is once again the scene of a showdown, leading to a shutout. the clock is ticking this weekend on saturday at the stroke of midnight . the us government will grind to a halt and attempt on friday to get a stop gap funding bill pass. it didn't make it. now. this is about more than ball maker is missing a deadline. this is about political dis, function. republicans willing to compromise aga

the last four septembers for the s&p 500, 2020 we're down 4%. 2021 down near 5%. 2022 down more than 9%. 2023 down more than 5%. that sounds bad. the last three q4s, 2020 up almost 12. 2021 up almost 11. 2022 up 7. 2023, question mark. do we have a repeat? does history repeat itself? do we have a good fourth quarter for stocks? >> i believe it will be a positive quarter. i've said that on air. you have significant quarterly weakness, we'll talk about the reasons why in a second. i do think the prevailing trend of 2023 takes hold once again, and it's led by mega caps. it's led by technology because in this environment, they are the companies that represent quality. they are the companies that can endure with a 30-year treasury trading 4.70 as you come on air. that's why we're seeing the s&p in retreat right now. coming to the quarter end, you've broken below the 50-day moving average, below the 100-day moving average for the s&p. you took out yesterday's low. now it's in sight. the 200 intraday moving average. the end of the quarter will be sloppy, it will be messy, the price of oil 5

in general, violent crime is down. thefts and burglaies are up across the country, so this is a trend. >> what do you say to people that don't feel safe in their homes or don't feel safe traveling down around the stores and don't feel safe having people come into their store? how do you calm that to be able to move forward with some of these, you know, solutions and putting these forth and not living from a prism of fear all the time? >> right. that's, you know, the reality. there's some things that can be done, you know, on the day to day. you know, no areas that are high crime. you know, buddy system. not going to the gas stations and tellers, you know, in the evening. so just knowing your surroundings. but a long-term solution is really looking at, you know, reforms of the criminal justice system. it's not just the police and district attorneys because they come in after the fact. you know, it really -- i think some of these cities are dealing with some of the plagues in other urban cities like low socioeconomic. th

but to get down into the tunnels, we had to go down 350 steps!the tunnels, be on duty in the tunnels and, of course... chuckles ..when we were coming off shift, we had to come up 350 steps, so it was a good thing we were young and fit. chuckles the amount of activity in the tunnels — i mean, each tunnel contained a branch of communications. two months before d—day, i was given training on this vhf set, which was a small radio set. and i think vhf then was in its infancy. it was simple for us to operate. you merely had to operate the levers up or down. as it was a one—way system, i would pass whatever messages i had to and then, they would lift their lever and pass their responses. and it was when they lifted their lever that i realised i was listening to warfare. because they were landing on the beaches, and i could hear it. i could hear it all — gunfire, machine—guns, cannon, screaming, men — men shouting, orders being shouted, all manner of things. you suddenly thought, "this is a war". i really had the war in my ears and it made me very much a

he goes northwest over the pentagon up to great falls, turns around, down potomac, down to where the potomac turns and hooks 90 left into the into the bay. and then he comes back home and he lands and sas and i take second after him. and we take off and we head northeast and to a serene and peaceful and silent sky. there's no one airborne. we head out to the northwest and we never find anything. says and i we're not heroes that day. the passengers on flight 93 were the heroes. so you can see why i believe that what i was willing to do that day was nothing special because would have been willing to do what i was willing to do and what they actually did. they were average everyday americans. who realized that there were things in this world that are more important than themselves and although they might not have raised their hand, taken an oath to give their life in our nations defense, they did. so they were the true heroes. the dc guard, the combat air patrol. for two weeks after 911, which was unprecedented. clearly an event this unprecedented, but the national guard to own authoriz

we got av ago, texas intimates down 2%, micron down half of one%. here's what is interesting as relates to this conversation, the dow, apple is the worst performer for for the second today in a row. stands to see a two day, $200 million vaporized from its market by the closing bell. the reason blue chips are in the green by 52 points, go up to the top, to the dow leaders and it is chipmaker intel sporting the crowd. may be that is because apple picked it until relationship to the curb, intel inside, no longer. intel doesn't have much exposure as i say. intel is at the top. from the tech sector to stats, interest rate hike, unexpectedly drop. from 2016, the lowest number since february indicating people are finding jobs joining the on employment lines. as losses pile up, 1-2-3, s&p is down one, nasdaq down 2, russell lost 3 and one third of one%. is this the much awaited pool back over the holiday shortened week and is in a buying well? new construct ceo david traynor and teddy weisberg, these market entry points are few and far between. do you wait

the dow's down about 8, but look at that nasdaq, down about 35 at the opening bell. now look at the price of oil. $93 per barrel this morning, continuing its march towards $100. regular gas average as $3.83. now, that's nationwide. ooh, but california, we're now at $6.03 per gallon. that's the average in the golden state. [laughter] politics. the autoworkers' union threatens an even wider strike if progress is not made by friday. the president, he's stuck between his support for the union and his push for electric vehicles. the gop holds the first biden impeachment hearing. they will focus on bribery. on the show today, two gop hopefuls fresh from the debate, nikki haley and vivek ramaswamy. they clashed last night. we'll keep then separate -- them separate today. thursday, september 28th, 2023 the, "varney & company," the california debate edition, is about to begin. ♪ ♪ how do you like me now, now that i'm on my way? ♪ do you still think i'm crazy standing here today? ♪ i couldn't make you love me -- >> our laws are being broken every day at the southern border, ev

qualcomm was down. you had seagate technology maker of hard drives, they were down in video was down. and really, that just took the whole market down with it, but i think this is more of a seasonal thing. as you said, september is a bad month. it's worse than any other month is going back to 1928 is down 1.1% and i think we're just seeing the start of that right now. so meanwhile, in the energy sector is supposed to do well around memorial day ahead a head of the driving season that didn't happen so much now energy is on the surge. good news for investors. bad news for drivers. this is geopolitics as well, right? that that is energy had the best performance this week. it was up more than 1% and it was because russia and saudi arabia have decided that you know we're going to support prices by keeping production down and that center energy prices up in oil stocks with it, and this is all about really trying to put a little pressure on the united states to make sure that you know they don't act too hard.

that'd be done out of 70 decks on my should i come down right down to probably montana. that'd be indonesia? yeah. the the, the weather brought to you by visit cut off. that was incoming spring. so attempt has tend to go down quite a bit frustrated that makes i laid 32 on so i stay and sydney 26 is on the way down is west australia. 22 as quite a cool pass. it's not going not going to stay this way. we can see temperatures arise again, sydney not to reco while above the average at the same time, allies going down to $21.00, so as to say ups and tax all the time in using it. and likewise would possibly withdraw the more when detached to it. we've got around to be benign, sunday, 18 degrees in christ. george rain coming into the western side. all satisfied and the still not much right in indonesia. yeah, there's a bit more than that. i use it particularly in bony or but the heaviest right is again going to be up in mainland southeast asia, particularly meanwhile. and it's going to be wet in hong, shoot. what quite warm over that should be. and also she would, and there was

down 10% week to date.ntitrust regulator is bring-of-reimposing a $400 million fine related to allegations back in 2009. intel using illegal sales tactics to push out a competitor. amd not happy with the find. speaking of amd, it's about, look at that, 5%, almost 5.5% lower on the week along with nvidia. lofty valuations you spoke about driven in part by the ai boom has investors scrutinizing the fundamentals of these particular names. cathie wood, ceo of ark invest told cnbc this week, too much emphasis on ai. nvidia going to declines sold stock in that. speaking of ai. arm latest chip designer going public last week. shares currently falling close to ipo price. was $51. now at $51.22. down again 8% this week. susquehanna latest to suggest stock fully valued while others, so many notes just in the past week or so pointing out it is a chip name but not necessarily an ai play given its exposure to the mobile smartphone the market. >> absolutely. nominating some years. the crucial question. ai or not ai? kris

the s&p is down fractionally. nasdaq down .50%.ry is 4.26. it has risen 15 basis points in the month of september alone. the 2-year treasury is notching below 5% yield. 4.98. that is a story we will watch throughout the day. we are looking at the energy market. specifically oil. we begin with wti at 86.91. brent crude just fell a cent below $90. down .23%. natural gas is up .25%. we are watching shares of apple. apple shares down 2.5%. hitting the low of the morning. it was down under .50% earlier. this on the ban of the chinese use of iphones by officials. beijing plans to restrict beyond government agencies to a larger number of state-owned enterprises and other government controlled organizations. shar shares of apple down 2.3% this morning. >>> time to get a check of the corporate stories with silvana henao. >> frank, good morning. the biden administration announcing plans to cancel all existing oil and gas leases ins alaska and propose rules of drilling activity in the petroleum reserve. this move reverses the decision to dril

they got the eastbound side shut down. so that means probably trying to get that accident off of the bridge there. their use in both lanes. you can see to try to get that. they are now. this has been on the bridge for say the past 30, 40 minutes or so. they've already call tow trucks trying to get those out to get that off the same. you can see both sides of the bridge being impacted because of that actually. want to show you the scene there. we have a photo from a caltrans camera. you can see the backup, all those red lights and it's so early in the morning if they're able to get off the bridge pretty quickly here, we might not continue to see backup, but the morning commute is already started. so that continues to go on. things could be worse across our other bridges now. hey, you want to avoid this altogether? let's go back out here and get a look at the other options. you have like the mateo bridge. things still look really good here. 15 minutes. no major issues, bay bridge, about 20, not seeing any major issues on bar

and it's not down.t part because of the massive amount of liquidity and cash that is still sloshing in the system and the clean balance sheets that we had going into this. >> why doesn't that supersede everything, sebastian? that's what i'm trying to get at. maybe the story isn't as complicated as people have tried to make it from the beginning, right? the amount of liquidity that was pumped into this system around the pandemic and even on the very backside of it were so powerful that it put the patient -- if we're going to use that analogy -- in such a high state that even as it has come down off of it, it's still pretty darn healthy. >> look, growth is coming down. inflation, in amy mind, is showing upside risk. i think the narrative is getting shakier. i go back to the fact of massive rate hikes. if we get sticky inflation, it keeps the fed in play and you've seen long rates start to come up last couple months. you've seen the pressure it puts on multiples. there is shakiness in the system. again, sc

>> he's down. >> he's down? >> when did he land? >> he did not land. >> oh, he's down, down?east of camp david. >> authorities at somerset airport confirm large plane crash southeast of pittsburgh, you have to assume it is related to all these goings on. >> freedom itself was attacked by a faceless coward and freedom will be defended. make no mistake. the united states will hunt down and punish those responsible for these cowardly acts. ♪ ♪ what so proudly we hailed at the twilight's last gleaming. whose broad stripes and bright stars through the perilous fight ♪ oer the ramp arts we watched were so gallantly streaming. and the rockets red glare, the bombs bursting in air gave proof through the night that the flag was still there. ♪ o say does that star-spangled ba banner yet wave, oer the land of the free and the home of the brave. the brave. [cheering] [bell ringing] right quick march. ♪ ♪ ♪ ♪ >> gordon aamoth. edelmiro abad. marie rose abadare. andrew anthony abate. vincent abate. donald leroy adams. patrick adams, shannon lewis adams. stephen george adams. agnatius adanga

they have broken down on the chart.bout the sequencing of the fact of which areas of market are moreover sold. >> mike, thank you. >>> still ahead, josh brown making big moves in his portfolios. we will reveal the names and the trades after this quick break. stay with us. at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. ♪ ♪ every day, businesses everywhere are asking: is it possible? with comcast business... it is. is it possible to help keep our online platform safe from cyberthreats? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's ha

what a down day down 1.2%.oday, oil is lower, but in general, higher oil prices are not good for the airline industry. basic resources is selling off as well. down 1.5%. iron/ore and coptper is leading those losses. >>> the fed has pressed the pause button leaving the target range between 5.25 and 5.5%. the decision was fully priced in by markets, but the central bank suggested tighter than expected policy going forward. chair jay powell said economic strength pushed the rate expectations higher. >> i always thought the soft landing was a plausible outcome. a path to a soft landing. i said that and it is also possible that the path has narrowed and widened apparently. ulti ultimately, this may be decided by factors outside our control. >> here it is. anyone who has been watching these meetings will know this is the fmoc dot plot. it is very important because it shows the majority of fmoc members expect one further rate hike this year. the average projection suggesting two cuts next year. that is the one that re

s&p 500 down 3/10 of a percent and big tech down 3/10 of a percent.lume as we await the fed decision to

, up, down, right? this is the quarter where it matters, right? new phones, september quarter. >> i think there's two additional things to flush out, too, and i'm sure danny will talk about apple weakness right before the week before they come out with a new product which almost always happens. we've been on the set talking about that. there's two points. number one, what's happening to apple exemplifies what's going on with the market. the entire market is normalizing. we have the shock and awe. awe in '22. and now a normalized pullback. we're not used to that the last two or three years because it's been so momentum driven. this is all part, scott, of the stock market in the u.s. normalizing into trading ranges, into positive earnings growth, into not momentum and all of these binary trades. >> some, liz, would suggest the market has been abnormalizing. not normalizing. the fed has done all this stuff, rates are elevated, and somehow, you know, people are trying to validate overall margins. mike wilso

heading into this afternoon, temperatures are right back down to average. yesterday, we were a little bit below average. san francisco, 64. a mild set up for the day. we will warm up more this afternoon and see plenty of sunshine all the way up into wine country. let's take a look at what is to come . just along the coastline, we are talking about simpson beach all the way down south into half moon bay. we will continue to see this marine layer float across our coastline. it will blanket and go all the way over the peninsula through the overnight hours to set up for tomorrow morning. with that in mind, wind speeds will be busier. i know everybody will be heading out oracle park, first pitch is within the next couple of minutes. i take that back, it is within the next 30. wind speeds anywhere up to 20 minutes in san francisco and similar into bodega bay. >>> the massive manhunt for an escaped prison inmate in pennsylvania is now over. authorities finally located a convicted killer in a rural part of chester county two weeks after he went on the run. bradley

already traded down.money. a trader down in the aftermath of svb, when people woke up and realized oh, gee, my money is sitting in wash and earning zero. if it put it in a money market fund, i can get 5.5%. >> suspect that still a thing? >> but it slowed down tremendously. so there's the first tranche of that movement, which was negative to schwab. shares traded down and they adjusted for that. they brought in assets hand over fist in the aftermath of svb, and money fled into schwab. so we have good momentum. this is just -- i read this as just a sorting out of the td closure, not something bigger. i think you have an opportunity to invest in an amazing company here. in the aftermath of svb is the big are getting bigger. the bigger technology, the better websites, they deserve to have more custodial assets as the market stabilizes and improves, and they make more money. >> all right. "final trades" is next. plus, fast-working crepe corrector diminishes wrinkled skin in just two days. gold bond. champion y

the prices need to go down _ coming down the prices need to go down stick— coming down the prices needan buy one and a _ down slick and people can buy one and a political party, no political leader— and a political party, no political leader is— and a political party, no political leader is come up with any kind of solution _ leader is come up with any kind of solution without you let down one or the other— solution without you let down one or the other of— solution without you let down one or the other of those two sides and i don't _ the other of those two sides and i don't see — the other of those two sides and i don't see any solution to the problem _ don't see any solution to the problem-— don't see any solution to the roblem. . ., ., ,, problem. and ongoing political issue and i want problem. and ongoing political issue and i want to — problem. and ongoing political issue and i want to go _ problem. and ongoing political issue and i want to go on _ problem. and ongoing political issue and i want to go on to _ problem. and ongoing political issue and i want to go on to a _ problem

so the chair, they're chanting we will tear it down. we will tear it down. and lincoln yells, no, leave it as a monument. we the preservation for the park service of andersonville here is just extraordinary. we need places to be a monument so we know, the horrors of war. so lincoln visits libby. what happens at the end? here's the five men i talked about, the big, burly guy on the left. that's rose. rose is put back in solitary confinement and beaten yet again. rose somehow lives, through all this, he is one of those people that you can't kill. rose stays in uniform, becomes general, spends his entire career in the service and military and a long life. the men beg rose to write a memoir. his remarkable heroism. he's so humble that. he won't do it. they finally beg him and he writes a very short where he just says the other men were great. and i managed to escape. but the good news is the other men that escaped with him were so angry at him for being so humble. it prompted them to all write their accounts, which survived. so i had multiple multiple primary so

down 2%.higher gas prices, about the resumption of student loan payments, higher interest rates lasting for longer. it's all hitting some of these consumer stocks that are tied to spending and the economy. the biggest losers in the past month, las vegas sands, etsy, bf corp and tapestry. a lot of retail losers. this is the cyclical part of the market mike santoli was telling us is starting to break down. >>> now let's get post to post with bob pisani. >> sara has a great point. these higher rates are weighing on the consumer discretionary sector, particularly where you borrow things like auto and home builders. kb home, that's a consumer discretionary, down 2.75%. this was -- look at this, 46, this was $55 a month ago. the whole group is starting to pull down. they trade etfs here on the electronic exchange. let me see if -- here it is. s&p home builders. this is the etf for home builders. that's down rather noticeably today. this was 85 at the start of the month. it's now 86. you can see this

net gates will he is hinted that he would kevin mccarthy, has house speaker if the government shuts down congressional correspondent, is live on capitol hill, with the latest and aisha and mccarthy seems to say, bring it. reporter: hey good afternoon to you, this pretty much what he said, when he was asked if, what would happen if mask gates are some of the else file the motion to vacate any's absolutely not worried about it and he said bring it on and meanwhile what is happening right now, with that i would have if it ever even having this weight and were all waiting anxiously for this vote on the continuing resolution and people of the house for, what is happening now is a stared down. not only between house democrats house republicans, but also now between the house and the senate. this is very interesting so the leader jeffries is speaking on the floor and you see the democrats are cheering him on and he is going to talk about leave as long as he possibly can, to delay this vote on a cr, the speaker mccarthy just put forth and you were remember speaker mccarthy, said a record it, for

if we have a shut down, wic shuts down. the nutrition assistance shuts down. >> thank you. you mentioned a government shutdown can harm farmers, but this into perspective for americans. what should americans expect? will this lead to higher food prices? >> when it leads to is a tremendous amount of stress for the farm families. -- what it leads to is a tremendous amount of stress for the farm families. many farm families require all farm income to keep the farm and the need that loan, marketing assistance loan to be able to make sure they maintain the farm. it puts at risk the small and mid size farming operations to get credit and their ability to pay their bills, the ability to make sure they can harvest their crop. if they cannot harvest the crop do not get the marketing assistance loan, there in a situation where they do not profit. if they do not profit, they risk losing the farm! it is a tremendous amount of stress, for what reason? there is no reason for this shutdown. we had a deal. a deal that the senate passed with a majority of senators. a deal that passed the ho

and so it's shut down, locked down and absolutely kill the story. impairment on medina, and then the superintendent had the, the committee met at the 16th era. 101. right. you don't know how to spend this, you just kill the stories. and so the international journalist will be spared because they'll just be removed from the country. local journalists, local activists will not back in and not show these the story in eastern lives after trying unsuccessfully to spin the narrative and deflect the questions on negligence. lack of foresight and infrastructure will failings with a peer to of worse and the flooding and cost lives. the authorities have been ordering certain journalists to lead them, throw in a communications to shut down through an internet blackouts. and it adds up to a sustain, to, to contain the store. they've actually shut down the internet from eastern libya, claiming to that media outlets that this was a 7th cable in the city. and then it's another part of the natural, unnatural mind made is also that happened last week when the reality is the sources of tripoli from th

you can go down there and debate and that's what we put you down there to do.teacher, my whole paycheck is taxed at 6%. why don't you text ceos making 20 million or athletes making millions at 6%? you will incur a lot of revenue. just lift the tax on us. guest: you can raise the tax rates on those folks that are making more income but it is not going to have the impact on the total balance of the budget, if you will of reducing the spending. social security is a program that everyone has paid into an medicare is another program that folks have paid into it and that's why i'm trying to save these measures now. if we don't take these measures right now, in five years, when the interest on the debt is consuming 50% of the revenue, there's going to be major amendments that will need to be made to the social safety net that the country provides now and people have paid into. these are the kind of things i'm trying to keep from happening. that's what it's all about. host: new hampshire, independent. caller: hi, representative, it's a pleasure to talk to you today. i'

don't look so down. i try not to jump up and down like a lot of people after every point. i pick my points. >> reporter: gilbert knows the game as well as anybody. >> we need a rally, team. >> reporter: he played 13 years on tour, ranked as high as number four in the world. coached andre agassi to six grand slam titles and worked with andy roddick when he won the grand slam in 2003. >> i hope i can still be part of it 30 years from now. same with you. i'm sure there's nothing you'd rather be doing. do you still want to be mr. involvement? >> reporter: every now and then when the body holds up. >> keep you doing it, keep you young and keep the brain sharp. that's kind of where i am with the tennis. >> wow. >> reporter: coco gauff is the highest ranked american woman. before the u.s. open she was number six. after working with brad and after the u.s. open, number three in the world, number one in doubles. so, liz, i say to you put down that microphone. pick up the racket. go work with brad. let's see you win a grand slam. >> yeah, right. i would have given anything just to h

travelers is down, united health is down, but all the rest are green.l. it's a modest gain, up about 14 points right now. that's about a third of a percentage point. if and the nasdaq up strongly, almost half a percentage point right now. anything can happen over the next few minutes, but up about 55 points. let's take a look at all the big tech stocks, and they're all in the green. apple, meta, alphabet, microsoft, as shah was just lauding microsoft, it's been down so long, it looks like up to him. amazon is up as well. modest gains, but they are in the green. all right. let's get a look at specific stores, and we have lauren with us. lauren, let's start with target. lauren: morning. david: closing stores, right? lauren: yeah. stock completely flat. nine stores. new york city, san francisco, seattle and portland, and target was very explicit as to the reason why, safetiment. the theft and crime is so bad that it made for, and they say this, an unsustainable business model. the nine stores will be close next month, october 211st. david: and then cvs als

it is down 3% for the month, nasdaq down two, s&p down one, you still like small and mid-caps here?quarters we do. similar theme we don't see a recession. smaller cap will do better, more alpha to play catchup to their big brothers. something cheap out there? small caps are historically cheap relative to large caps. we're looking for stuff cheap. small cap is an area we like. we think it is a good place. [closing bell rings] liz: buy low, ryan, thanks so much. don't miss our all-star lineup, jeremy siegel and kyle bass. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. so the federal reserve meeting is, held today and tomorrow and there's an fomc an

headline inflation has gone way down. largely down to energy prices. some of which is reversing. the economic forecasting is very difficult and these are uncertain forecast. these are the forecasts. we have high-quality people working on these forecasts. just the nature of the businesses, the economy is very difficult forecast. >> given what you have, what justify not moving today, and what would justify moving in the future if you think inflation is coming down. why did you leave that extra die in? >> we have come very far very fast in the rate increases. i think it was important at the beginning that we did. as we get closer to the rate that we think the stance of monetary policy that we think is appropriate to bring inflation down to 2% over time, the risk becomes two-sided. the risk of over tightening and the risk of under tightening becomes more equal. the natural commonsense thing to do is that as you approach that, you move slowly. as you get closer to. that's what were doing. were taking advantage of the fact that-- isn't it true that these effects are huge and that by th

valko died and i had to go down. yeah, go to the bathroom, then the height of down, we left down with the, with the bus on the way you walk out to help the inside the house. and i just, i felt you owe me what would that mean? the lenient that i'm doing the same. we know a lovely song. we'd love to know nothing. they solved enough to be lovely, audible. without o'clock. i'm giving them a rough when he left me with a lot of by units. so we always the it does i? yeah, uh, timeline is $82.00. 05. okay. the table. okay. got it on it though. the oh, well assume that i know the we are in august on what is the most ethnically and culturally diverse regions on the entire planet. as you make your way through the start, you will discover each region is known for its own unique arts and traditions. the in 1941 with the nazis help creation ultram nationalist. the you astonishes the claim, the independent state of croatia. shortly off, the seizing power. they build the scene of us concentration camp a place associated with the wor