stores one company affected is polaris industries, which makes atvs or all-terrain vehicles our brian sullivan went for a visit at a plant in huntsville, alabama. tariffs and trade-offs is this week's cover story. >> reporter: at the polaris manufacturing facility here in huntsville, alabama, assembly lines are humming as production of its ranger off-road vehicles continues nearly nonstop but as good as things are now, there are concerns that a trade war and tariffs could slow things down. because even if a company like polaris wanted to source everything from american companies, it likely can't some of the steel and aluminum parts that go into each of these has to be sourced overseas they simply aren't made here and if those parts come from china, well, the tariffs add at least another 10% to their costs. ceo scott wine says that the combination of the two tariffs and domestic price increases have made things more expensive, and he's worried about the impact on sales. o buy a reasonable amount from china, and there is a 10%, now, going to 25% january 1st, tariff on all the goods that we impor

brin brian brian sullivan is on assignment. are holding strong despite new tariffs on china ylan mui has more details. >> this is the second time the trump administration is slapping tariffs on chinese goods that 10% rate will take effect on september 24th. on january 1st the rate will jump to 25%. in a statement president trump said we have given china every opportunity to treat us more fairly so far china has been unwilling to change its practices. as our colleague, eunice yoon reported earlier, trade talks with china appear to be off. yesterday white house economic adviser larry kudlow said the administration is willing to meet with beijing but so far the president has not been satisfied with the results >> we are ready to negotiate and talk with china any time they are ready for serious and substantive negotiations towards free trade >> the business community h has immediately begun criticizing these tariffs. the u.s. chamber of commerce said today's decision makes clear that the administration did not heed the numerous war

i am brian sullivan. thank you for watching here on cnbc stock futures are little changed to begin your trading day and week instead, the focus rightfully on not one but two major storms one here, one in asia. first to florence. the storm has been downgraded now to a tropical depression but the threat is far from over. heavy rains continue to slam north carolina let's get to nbc's kaylee dionne >> the average walking speed is about 3 miles per hour this storm is moving at 2 miles per hour for a long period of time good news to start off this monday morning, it is picking up its speed. it's going to make its way up closer into the appalachian mountains and turn off to the northeast. this will eventually bring the rainfall that's been pounding some of the same locations finally out of here by later today. still, northern south carolina and north carolina still dealing with some of the heavy rainfall. what you're looking at, the reds, yellows, that is a high intensity rate that is falling it has seen so much

i am brian sullivan. you for watching us and starting your week with cnbc despite the fact that there's rain up and down the east coast, kind of grim out there, the futures are looking bright and sunny. here's how the money markets are setting up the day dow futures up 113 points indicating a nice jump at the open all of this coming with a weak end to the market despite everything else that's going on, everything is not collapsing the american economy fund amountly remaining strong and the market reflecting that optimism we'll get you more on the markets and the money. we begin with more allegations of sexual misconduct in hollywood. long time ceo of cbs is out. more women reported that les moonves assaulted or harassed them let's bring in the global media editor for the financial times it's a story that has rocked the world. we have the allegations against mr. moonves out there. ronan farrell as well. >> now he's resigned his resignation was already in the works and was already primed this week. last nigh

i'm brian sullivan oil prices are up again.et's see if the markets and your money can let it be, so to speak. first to stocks, we are seeing that right now it looks like everybody is coming together in some form. dow futures up 49. s&p and nasdaq futures up as well but oil continues its march higher crude here and overseas up again. wti turned down here, still at 72 bucks wti, brent crude trading at 81.88. up over 82 earlier today we'll keep an eye on the oil market also keeping a close eye on treasuries remember, we get the fed meeting and rate decision and press conference today the benchmark yielding 0 3.087% mike, what is the most important thing you can hear from our federal reserve today? >> i think it's pretty much expected that we'll get the rate rise coming through. the attention will be focused on shifts in terms of the forecasts for 2021 so i think there's going to be a lot of interest on whether we get move on the long-run estimate of the natural rate of unemployment and whether they will forecast that the unemploym

. ♪ >>> good morning from wherever in the world you may be watching i'm brian sullivan thank you foroining us on what is another busy week the dow futures up slightly here this is not the market story dow futures up 34 points the story continues around the world and with cryptocurrencies. we'll bring you the one big number that you need to watch today. and that is in the crypto space. it's bitcoin bitcoin is down another 6% we'll dig in more on this big drop in the cryptos coming up in a few minutes. first, we have to begin with a story that's got everybody talking today. the "new york times" publishing an anonymous op-ed titled "i'm part of the resistance inside the trump administration." the paper purports to be written by a senior white house official president trump on the attack last night calling the op-ed gutless and tweeting treason let's get to eamon javers live in washington with more on this story. >> good morning. it's an incredible development somebody who claims to be a senior administration official, not necessarily inside the white house, but inside the administration

good morning and welcome from wherever in the world you may be watching i'm brian sullivan thanks forinning your week with us. so far september has been a good month for stocks the dow is up 3%, but that trend not continuing this morning. dow futures is down off about 60 points right now likely for two reasons. number one, the new round of tariffs kicking in number two, oil much higher after opec and its partners this weekend decided not to raise output by very much. oil both here and overseas, brent crude, the version they buy and sell overseas is back above $80 for the first time in nearly four years. you have to go back to november of 2014 to see a brent crude price which is above 80. we're at $80.70. traded here up 2% to 72. watch gas prices which is why we begin here at a broadcast exclusive for you from the biggest oil company in the world which, by the way, is also likely the biggest company of any kind in the world. saudi aramco says it is moving forward with its plans to go public we sat down exclusively with the oil giant's ceo nassar we also asked him if recent reports that

brian sullivan is on assignment today.s we look at the markets, we have a green theme developing with the u.s. futures. at least for the dow up 22 points the nasdaq up 1. the s&p just about flat. looking at the other parts of the complex, the treasury side of things, ten-year treasury note yields about 3.06%. the two-year, 2.81%. asia mostly higher today the bank of japan standing pat in the latest rate decision. the nikkei up a half percent the hang seng up a half percent. in european trading, we're seeing the same theme develop here, fractionally higher. the dax up by 0.2% the cac in france up 0.3%. the ftse 100 down by a quarter of a percent as for the broader markets, currencies on that side of things, the euro/dollar, 1.1701. on the energy side of things, crude oil prices, west texas intermediate below that $70 a barrel mark, though getting closer 69.89 the trade there. brent at $78.97. china firing back at the u.s. this morning saying they will outlast america in a trade war and emerge stronger. eunice yoon is live i

thanks for being with us on cnbc i'm brian sullivan there's a lot to get to this morning. get to your executive recap. eric chemi has the top headlines. >>> brent oil hitting a fresh four-year high that doesn't seem to bother the ceo of shell he says $80 oil is not an unreasonable price you can see more of that exclusive comment on our website. >>> another big blow to facebook instagram's co-founders are leaving the company. the pair did not give a reason for their exit >>> and starbucks is planning job cuts at its corporate headquarters the move happens as the coffee chain tries to jump start sales. back to you. >> we'll see you in a bit. >>> here is how your money and investments look on this tuesday morning. it's 5:30. good morning stock futures are increasing their gains a bit. no big gains dow up 49. up a little bess thless than wh came in mixed trade in asia. japan up, china down european markets are slightly higher no big gains but a mixed trade seeing more green in europe than in asia overnight. italy the bigger gainer there. let's stay with europe and happening no

i'm brian sullivan it's a very busy day today we'll have all the latest on hurricane florence it mayowngraded, but that's still one of the biggest storms in american history we'll get to that in a moment. first a check on the other headlines outside the world of money and dizziness. frances rivera has more on that. >> we start off with six people who are dead after a string of shootings in southern california the gunman shot his wife and another man at a bakersfield trucking business. officials say the shooter then chased a third person out of the business to a sporting goods store opening fire and killing him. he then killed two more people at a nearby home before shooting and killing himself. investigators believe the victims are connected. >>> pope francis is calling a meeting with the presidents of every bishop's conference. the meeting is set for february and will discuss how to protect children and prevent priest abuse. the pontiff is scheduled to meet with leaders of the u.s. catholic church today. the archbishop of washington, d.c. was implicated in the coverup. he will ask t

we have brian sullivan at a polaris plant. prices are going up.obal marks set commodity prices should we be shocked by that >> we shouldn't be surprised by that you look at the big commodities, global conditions will dominate bilateral tariffs between the u.s. and china i don't think that's the big deal my bigger concern in terms of the fallout from the tariffs is on the investment plan with the u.s. we know we're seeing a big, by, big boost in investment. that's exactly what our economy needs. in the aftermath, first round of tariffs, we saw polling that said i'm not so sure we're going to go forward. another round like this makes you worry about that outlook for investment in the u.s. >> and everybody is worried. i certainly don't want to diminish this topic, but the markets seem to be dealing with it i guess the biggest issue, and i'm going to cite "the new york times. they did an article in july that said that initially the cost for a middle-class, average family of tariffs tariffs is 127 a year. when it gets ramped up which it is doing now an

worldwide exchange" marches on right now ♪ >>> welcome back thank you for being with us on cnbc i'm brian sullivan having a great start to your tuesday. it's time to get to your top stories. meg tirrell is now back with those. >> brian, here's what's leading cnbc.com hurricane florence gaining strength in the atlantic the category 4 storm is expected to strike the east coast by thursday we have a live report coming up. >>> shares of sonos having had a wild ride, the stock falling as much as 15% after the maker of wireless home speakers reported a third quarter loss of $27 million. this is sonos first report as a publicly traded company. >>> russia launching the biggest war games ever with china. as many as 300,000 russian troops are expected to take part in large-scale military drills starting today and ending next monday a former national security official telling cnbc the pentagon will be watching the war games very closely brian? >> meg, thank you very much. we'll see you in a bit >>> nafta negotiations between america and canada pick back up today in washington. u.s. trade representative rober

i'm brian sullivan it's a busy wednesday.e not only have a lot of news, we have a lot of market moves for you. today it is a "worldwide exchange." it may be all about the global markets and your money more concern over how a stronger u.s. dollar will impact economies, sending not only futures here lower but other indices as well. we will highlight your one number to pay extra attention to today. that number is 2,050.27. what in the world? what a random number it's not random. that's the stock price number that amazon.com must hit at or stay above to maintain that vaunted and nearly historic $1 trillion market cap. 2,050.27 your number to watch today. >>> another number to watch today is zero. that's how many of the 50 stocks in hong kong's major index are on the rise today. the hang seng down 2.5%. all 50 names are lower led by another drop in chinese internet giant ten haven't. most of the major european averages are down as well. definitely watch all the emerging markets today, especially that eem etf, it's the biggest, the

> both concerns are being echoed by a major manufacturer in huntsville, alabama where we find brian sullivan tonight. >> at the polaris factory in huntsville, alabama production lines are humsing a the r offd vehicle assembly continues. but there is concern a trade war and tariffs could slow things down. because even if a compa like polaris wanted to source everything from american companies it likely can't. some of the steel and aluminum parts going into each of these have to be sourced overseas. they simply aren't made here. and if those parts come from china, then the tariffs add 10% osts. ceo scott wine says the combination of the two tariffs and domestic price increases haves made thi more expensive and he is worried about the impact on sales. >>e resource most components here in north america and here in the united states we do buy a reasonable amount from china. and there isno a 10%, going to 25% german on all the goods from china. driving up the cost of vehicles and ultimately over time as our prices go up reducing demand. >ny of these rangers and other polaris products are slapped w

i still play on the weekends >> we think of brian sullivan as tall, but he towered over brian.od you're tall. people say you're tall >> i'm a little guy. >> compared to everybody else. >> we can go out here and play horse. >> you should have a hoop out there. >> or in here actually we got the high ceilings we just got to get rid of these stupid lights which don't help anyway ray, thank you >> thank you >>> when we meco back, "squawk" is going to talk comcast/sky deal back in a moment these techs in a lab. this builder in a hardhat... ...the welders and electricians who do all of that. the diner staffed up 'cause they all needed lunch. teachers... doctors... jobs grew a bunch. what started with one job spread all around. because each job in energy creates many more in this town. energy lives here. >>> coming up after a break, that gentleman right there ken auletta of the new yorker on the comcast/sky deal then later the ceo of weight watchers joins us with some news about the company and its future we'll find out whether hard boiled eggs are still zero points because i got a cou

brian sullivan has a preview of what is coming up on the show.ning thank you very much. okay here is the quandary this ranger is made by polaris here in huntsville, alabama. we make it here, ship it to china. it's whacked with a 40% tariff if you try to make it in china to get around the tariffs they have, president trump may come after you. how do you fight free trade, fair trade, and balance out tariffs and trump? we're going to find out. the ceo of polaris is going to join us in a couple minutes. we'll talk about all those issues manufacturing, working in america, and being competitive around the world into everything, and everything into the cloud. it's all so... smart. but how do you work with it? ask this farmer. he's using satellite data to help increase crop yields. that's smart for the food we eat. at this port, supply chains are becoming more transparent with blockchain. that's smart for millions of shipments. in this lab, researchers are working with watson to help them find new treatments. that's smart for medicine. at this bank, the

i am brian sullivan in for scott today. your top trade this hour, u.s. stocks, what else. they are closing at new highs once again the s&p 500 outperforming every major global market this year. will the u.s. continue to fade it is noon and this is "the halftime report. >>> it's the rally that won't quit stocks are closing in on a new high is there anything that can stop this bull market three bullish calls on three tech stocks. what the street says lies ahead for some of the hottest trades around and the supermodel turned philanthropist, petra nemcova will discuss her charity's plan to help victims of hurricane florence "the halftime report" starts now. >>> markets, stock picks and supermodel petra nemcova -- if that's not enough reason to watch, i don't know what to do to debate and trade the biggest stories of the day, jon and pete najarian >> which is which? >> i don't know. >> sully, gee. >> at jpmorgan private bank, anastasia, great to see you as well okay, pete -- >> are you looking at me or jon? >> pete, this is the market that will not quit. this is the juggernaut

i'm brian sullivan we're following a developing story in the energy and oil markets. new report out from reuters suggesting that saudi arabia will increase energy poil produ stem price concerns. >> the maximum sustained capacity is 12 million barrels, and it's sustainable capacity. as you know, we have the reserve, 260 million barrels, other reserves by third party that are available to sustain that maximum sustained capacity. that capacity is available some of it in days, some of it in weeks with a maximum three months to have it all available. >> you can see it, they were saying there they had the capacity to go up, that report suggesting they may do that. adding a couple hundred thousand barrels per day to offset declines from the iranian sanctions and venezuela's decline. not having a marked impact on the oil markets. crude oil is not changing much let's check the markets outside of energy. stock futures indicating the dow will drop slightly at the open we had a drop yesterday following the fed decision we saw bank stocks sell off, the market fell a bit. the nasda

is the new phrase "worldwide exchange" is getting all fired up ♪ >>> fworningood morning i'm brian sullivanhanks for joining us. once again, look at that futures indicating a higher open for the markets and your money the dow is now up nearly 2% this month. remember history september historically the worst month of the year for stocks all of that with the dow up 25 despite a continued push liar by oil. crude continues to creep up. $71.50, supplies being drawn down that's one of your bigger movers today. >>> first jamie dimon sitting down for an exclusive interview with cnbc overnight in india he was talking everything from trade tension with china to the big rout in emerging markets leslie picker is breaking down all the dimon headlines. >> don't call it a trade war don't do it. that's the big headline from the jpmorgan chief here's what he said overnight. >> it's not a trade war. it's a trade skirmish. the american government, our president, is right to raise issues about china we would like to see a nafta deal done. the strategy about fixing it is different. it's unclear where we will get

. >>> i am brian sullivan in for scott walker here's what's coming up at noon eastern time tech trouble coming off the worst week since march. we debate some of the big movers and what it means for you and your money. >>> and mario gabelli joins us live with his take on the media space and stocks. >>> and the call of the day. one analyst says brighter days are ahead for one retailer it is one of the stocks pushing the retail sector higher today i want you to think air force one, but not the plane all of that and more at the top of the hour. right now, send it to morgan brennan. >> if this was trivia, i would have the winning answer. >> do you know what it is? >> you talking about boeing? you say air force one. i can't help but think boeing. >> it is not >> okay. then i am the loser. looking forward to it, brian >>> let's get to the cme and rick santelli for the santelli exchange hey, rick. >> good morning. thank you. like to welcome my guest charles miller thank you for taking the time. >> glad to be here >> all right last week president trump announced he was crafting an executive orde

right now ♪ >>> good morning welcome from wherever in the world that you may be watching i'm brian sullivan live over our shoulder here at wilmington, north carolina where hurricane-force winds are picking up winds reportedly as much as 100 miles per hour and over a foot

good morning welcome from wherever in the world that you may be watching i'm brian sullivan thank youor beginning and ending your week with us let's get to your top money and business story tesla stock is tumbling, it's down 10% right now it broke on new that's s.e.c. is suing elon musk for fraud. let's get more on this story from leslie picker in new york >>> good morning the crux of this lawsuit is this, the s.e.c. alleges that elon musk made false and misleading tweets in august where he said he was considering taking tesla private at $420, and that funding was secured the s.e.c. says that investors who purchased stock after the tweets but before accurate information was disseminated were harmed. tesla plummeted in the aftermarket when the s.e.c. lawsuit was revealed it's plummeting now. the agency is seeking to ban musk as serving as an executive of a publically traded company musk said that the action by the s.e.c. leaves his deeply saddened and disappointed adding that he has always taken action in the best interests of truth, transparency and investors musk says integrity is th

right now ♪ >>> good morning welcome from wherever in the world that you may be watching i'm brian sullivanyou're looking live over our shoulder here at wilmington, north carolina where hurricane-force winds are picking up winds reportedly as much as 100 miles per hour and over a foot and a half of rain has fallen in some areas the good news is florence has been downgraded to a category 1, but the threat is far from over asrain and the projected storm surge have hundreds of miles on the coastline on edge. our team is fanned out along the carolina coach we have jackie deangelis, done te contessa brewer also standing by, but let's get the latest on the path >> hurricane florence is a category 1 with wins winds at 9 miles per hour those winds are slamming wilmington that heavy rain has been continuing overnight and once florence moves onshore the eyewall will make landfall but the majority of the storm will stay over the atlantic helping to fuel it it will remain a category 1 storm upon landfall for at least 24 hours this morning it is still lingering in north carolina and as the day goes on,

i am brian sullivan in for scott today. your top trade this hour, u.s. stocks, what else.y are closing at new highs once again the s&p 500 outperforming every major global market this year. will the u.s. continue to fade it is noon and this is "the halftime report. >>> it's the rally that won't quit stocks are closing in on a new high is there anything that can stop this bull market three bullish calls on three tech stocks. what the street says lies ahead for

good morning welcome from wherever in the world that you may be watching i'm brian sullivan happy fridays we call it on this schedule, we don't have to set the alarm tomorrow day here's how the markets are setting up dow futures are down little changed it is early. thinly traded. japan is the big loser concern that donald trump may turn his trade attention to japan. the "wall street journal" late yesterday coming out suggesting that the president may look to japan as maybe the next target in his trade negotiations or discussions. that has the nikkei down 0.8%. shanghai rebounded fractionally. keep an eye on what might remain the big story in the markets for your money that's the emerging markets etf, the eem. it's a proxy for asia really there's a number of them out there. it's about 20% down from the high that puts it in a bear market. as always we present you the one number, the one big number somebody comes up to you and says gina sanchez, what's the one big number i need to watch today? 192,000. that's wall street's estimate for how many jobs the u.s. economy added last month we will

. >> that was the ceo of saudi aramco speaking to brian sullivan there >>> bp says the u.s.a trade war could create an oil demand shock in 2019. they say crude markets could tighten substantially until the end of the year. they predict the rebalancing will continue next year. lots to discuss here i have the head of natural resources research at goldman sachs joining me we talk about oil a lot. this morning is another example of us referencing the energy complex and the fact that oil is back to highs not seen in a cup of years now my question for you is why have the oil stocks not enjoyed a similar amount of performance? if you look at the energy sector in europe, we're up about 1%, 2%, in line with the stoxx 600 it hasn't done much. why is that the case >> it's a good question. also when we take european big oils, earnings have been rephrased up for 2019 by 14% over that same period. these stocks have materialized the reason was a poor set of second quarter results poor versus expectations, particularly on the earnings side due to a variety of reasons. the most important of

brian sullivan is here to look at why they may have not >> yeah. thank you very much.o look forward to tomorrow night at 10:00. many people out there probably think debt levels will be down from a decade ago. it was a debt laden crisis but guess what if you thought that you would be wrong. according to moody's total debt outstanding in the united states is up a few trillion over the last ten years particularly company-issued debt beginning in 2008, just under 13 trillion in corporate debt 12.7 trillion. the first quarter of this year, that number jumped to 15$15.1 trillion get this, according to informa global markets, corporate debt as a percentage of gdp is back to about 45% it fell slightly after the recession, you can see it's crept its way back up. not just by the way an american phenomenon corporate debt in many other countries also rising since the crisis in fact, here are the countries with some of the biggest changes in the corporate debt to the gdp ratio. we love the irish, but their corporate debt to gdp up 42% since 2008 singapore up, canada up. france up.

when we return, a lot more the ceo of shell weighing in on the big move higher on oil prices brian sullivanas that exclusive interview. as we head to break, a look at biggest pre-market winners and losers in the dow. ♪ ♪ i don't care where we go ♪ and i don't care what we do ♪ just take me with you there are roadside attractions. and then there's our world-famous on-road attraction. the 2019 glc. lease the glc300 for just $469 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. not long ago, ronda started here. and then, more jobs began to appear. these techs in a lab. this builder in a hardhat... ...the welders and electricians who do all of that. the diner staffed up 'cause they all needed lunch. teachers... doctors... jobs grew a bunch. what started with one job spread all around. because each job in energy creates many more in this town. energy lives here. >>> welcome back brent crude hitting a four-year high, that's one of the topics brian sullivan discussed in his interview with the ceo of shell. brian, good morning again. >> good morning. thank you very mu

you don't need to have a florida state game to know it's time congratulations, brian sullivan. >> just breath. >> sneak in a trip to the floor. >> how depressed that the restoration hardware thing got to the paper edition. >> that was amazing. >> we'll go to the opening. >> yeah. and my wife in restoration hardware it's a match made in heaven we'll get to bob this morning. >> defensive tone in the market. utilities and real estate moving oil over $70 here. you heard the guys talking about that elsewhere we have dollar strength the last couple of days it's trade related whenever that happens, the usual stuff moves down metals and mining stocks down 2% emerging markets down 2% that's china internet the third one there down 2%. this happens every time you get dollar strength trade issues floating around here elsewhere, the market direction, well, you know, the usual stories over the weekend about selling september. yes, it's the worst month on average. it's down 0.5% since 1950. none of this impresses me in the least. it's been up 29 times and down 37 since 1950 that's about 40% up and 60

do you agree >> i agree and also the saudi arabia ipo is back on as we learned from brian sullivan'snterview yesterday. i say to myself, wait a second, not a lot of spare supplies. most porimportantly there is noa lot of planned drilling in 2019. where are the new reserves coming from that can be exploited? >>> this is a real concern because almost everybody is dropping the ball. there is really little drilling and there it has not been paid off. >> guys, we'll watch the u.n. obviously, watch energy and a lot more to talk about including michael kors buying versace and snap is partnering with amazon take a look at the premarket, more "squawk on the street" live from post nine when we return. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. you'll only pay $4.95. at booking.com, we can't guarantee you'll good at that water jet thingy... but we can guarantee the best price on this hotel. or any accommodation, from homes to yurts. booking.com booking.yeah >>> michael kors is buying versace for nearly $2 billion. some folks are sayi

storms like this can have a major impact on shipping and commerce brian sullivan joins us with the latest on what's been happening so far and what we can expect. >> thank you very much it's pretty dramatic we're looking at a live -- you think what is this this is from marinetraffic.com these are satellite images of the ship traffic in the area what is striking about this is that we see the impact of the storm. right now that's wilmington, north carolina hurricane florence is making landfall right there as we speak. charleston here. savannah, norfolk, virginia is here what's amazing is not what we see but what we don't see. look out at sea, all the ships, green, generally big cargo ships. super tankers. the biggest ships on the ocean the entire area where the hurricane is centered, there's nothing. on a normal day, if you wanted to bring this up, it will look more like this you have just ships constantly coming and going out of these ports. there's nothing in that whole area these dots, the orange dots here, those are not ships, those are marker buoys those arestructures. you have a couple

for the executive edge ports in the southeast have been preparing for hurricane florence and brian sullivannow with a look at what's open, what's not and the potential impact on the u.s. economy. this is a big one. >> it is it's an executive edge because a lot of executives out there concerned about the 300 billion in economic revenue from the storms that are in the ports path norfolk virginia, the port of virginia, if you will it's under condition zulu, which is a coast guard -- remember, the coast guard controls these ports as far as the ship traffic. norfolk is in the yellow zone. if you're there, the port is open they're taking stuff on and off ships but ships cannot get in and out of the channel if you're there, you're working, but you can't get in or out. wilmington, north carolina, charleston charleston, south carolina bth those ports are closed savannah right now is open jacksonville is open earlier today on "worldwide exchange," we had the opportunity to welcome in by phone the president of the south carolina ports association, he runs the port of charleston, one of the biggest on

. >> chairman brady, can i ask you about how things are going back in your district brian sullivan raisedy and obviously your district is one that kind of rises and falls on the tides of what's happening in oil how are things going what do you see? >> it's like the rest of the economy, awfully positive. obviously demand matters, having fair and balanced regulations, and lifting the oil export ban, which congress did just a few years ago, has really made a huge difference as well. but i really think throughout my district, nine counties, part of it's suburban houston, a lot of it in rural texas, last week during our town halls and round tables on the smallest -- in the smallest communities, on the town squares, small businesses are adding workers one, two, three at a time because the economy is getting so much better and they have that certainty going forward. and so if the tax cuts in the economy is working for small town america, it's really working. and not that it's equal across the country. we have a big country. but boy, it is just hard to find an indicator that isn't pretty good the

brian sullivan asked me in the 5:00 hour of "worldwide exchange," was this about long-term capital?bout paulson or others not liking dick fuld >> i have incredible admiration for hank paulson and whether he liked dick or not would not have factored into his decision i think there was a decision made, it may have been wrong, but legitimate that lehman at the end could not have been successful >> rodgin cohen, thanks. coming up we have a lot more our special coverage of the anniversary of the crisis continues throughout the morning. we'll talk to former senator chris dodd at 8:15 eastern time. co-author of the dodd-frank financial reform bill and the documentary "crisis on wall street: the week that shook the world" is 10:00 tonight on cnbc. >>> also coming up in the next hour on "squawk box," our guest host is former yum brands ceo david novak. and we'll talk about round two of tax reform with mick mulvaney then former secretary of state john kerry will join us to talk about his new memoir as we head to break, a look at premarket winners and losers in the dow. leading the way is chev