this is bulls & bears thank you for joining us i'm david asman joining me on the panel today adam lashinsky, jackie deangeles , john as fax ferris and steve moore and the president tweeting out second quarter gdp up 2.1% is not bad considering we have the very heavyweight of the federal reserve anchor wrapped around our neck almost no inflation, usa is set to zoom, but a new survey of economists and real estate experts say a recession is likely to happen next year, just before the election, so could a lower growth rate or worse hurt the president's economic agenda heading into 2020? gang? >> well look, i mean, yeah, the answer is of course, yeah, trump 's total re-election strategy, david, is based on the booming economy that created record job growth and record low unemployment so yeah, absolutely now, i wanted to comment about what donald trump just said. i mean, look i think there is some truth to that. i do, as you know, i think the fed has been too tight. i do agree that the september rate increases did reduce growth i don't think as much as donald trump does. i say they knocked about

adam lashinsky, let me go to you. we'll talk through amazon for a minute. we'll obviously have time, take our time, get to the alphabet figures. i want to point out they were better than expected. any, any take on the miss at least on the bottom line here, adam? >> interesting thing the miss on the bottom line, we're talking about amazon's bottom line. wasn't long ago there was no bottom line. they are starting to well in large part to the amazon web services business which is not only growing quickly, but makes a lot of money. investors expect a lot more when all they expected before was toward revenue growth. a miss will hurt. down 2% for a company like amazon is not biggest thing in the world. connell: no it is not. lauren: they were concerned that revenue were slow from previous growth. came in better than expected at $63.4 billion in the quarter. they also started that one day prime free shipping. that obviously is a cost. $800 million was the cost. do you think that could be one of the reasons their bottom line was missed? >> right. the cfo alluded to

adam lashinsky, "fortune" executive editor and danielle dimartino booth, former fed advisor. talk about the rosenblatt downgrade. times are tougher next six to 12 months. how tough are times for apple? >> they're tough. there was no news as it were, other than an analyst changing their mind. times are tough. we know iphone growth is slowing. we know they're changing their business model. so depending on the day you look at it that is a cup half full, or a cup half empty. today it is a cup half empty. they don't have the robust growth for iphones they had for so long. again not news. that is the what happens in the market. connell: the stock down 2%. danielle, more broadly it is the federal reserve is the news that seems to be driving market down. thedown down over 100 points. after the jobs report, it was strong what the fed does. we'll hear from jay powell later in the week. what do you think we'll hear from him about? >> i think congress tomorrow and wednesday in his testimony up on the hill will ask the chairman why he thinks an insurance rate cut is justified given we're