you open carl up, there's no closing. ♪ >> oh, that's great. >> reporter: the mel and carl show hasn'tthey met as tv joke writers in the 1950s. >> i didn't know who he was. i came to work for the show of show's, the straight man. there's a little guy in the room. >> reporter: call it laugh at first sight. >> i didn't know who he was, and he was impersonating a jewish pirate. i'll never forget those first words. he says, you know how hard it is to set sail these days? you know what they're charging for sail?teor now 98, carl is still mel's straight and mel only 93, continues to be, well, mel. >>> how are you coping? >> i am not watching the news and i'm telling everybody, watch old black and white movies. by the way, i have a great suggestion. it's called young frankenstein. >> penny for your thoughts. >> mmmm. >> it will do you a little good and it will do me a lot of good. >> reporter: show biz has been good to both of them. their resumes are hollywood com. >> hi there, remember me? >> "herhi. >> reporter: including dick van dike show and blazing saddles for carl. >> hi, i'm max brook

wow, this looks good. >> carl?hank you, darling. >> reporter: christina and carl celebrated christmas with christina's family in 1990. just a week later, their lives would change forever. it was new year's day, 1991. >> when i come outside, i saw the smoke from the house. i could see where the smoke was out there. >> reporter: carl and chris kt e christina's house was on fire. carl had been in the garage but rushed to the house. he pulled the kids out of their bedroom windows where they were napping. christina was trapped in the bathroom. flames raging just outside the bathroom door. the window was boarded shut from the inside. by the time art arrived, the paramedics were already on the scene. >> got in the ambulance, i looked around, said, where's chris? it's -- they told me one of the kids said she's -- she's with god or she's -- the angels took her. something like that. that's when i -- said to them -- she wasn't there. >> reporter: art could only imagine the terror of her last moments on earth. he then placed o

carl, back to you. >> thanks, bob pisani. let's in with rick santelli. >> hi, carl.ten year note auction and let's not forget, of course, fed meeting and what the fed will do ultimately may not be a surprise, but all the things they have done certainly have been surprising in their effects. bob talked about all the fundamentals we learn when we go to school about what moves stocks but in the most simple form it's money. money flying in makes stock fly up and that's the phase we are in, whether you believe it's rational or it can continue, just remember there is a lot of liquidity that's being created that's why i'm talking about the fed. in the last meeting it was the 29th so let's start right at the last meeting and see how markets have done as we go into tomorrow's decision day. let's look at two-year notes, 21 basis points last meeting, they are basically 21 basis points now. but as you move down the curve what a difference, look at the ten year since the last meeting, we are up 20 basis points and we are not on the highs that we were at the end of last week which

carl >> all right sara, we'll see you this afternoon. good friday morning, everybody welcome to "squawk alley." i'm carl quintanilla with michael bloomberg and jon fortt coming to you live from separate locations. a remarkable morning for the economy and markets as the jobs number comes in much better than expected, a gain of 2.5 million, a gain of 2.5 million and the unemployment rate nowhere near estimates at 13.3. 27 k on the dow, all-time highs for apple, for the nasdaq 100, the 10-year near 1%. just a huge pivot, a potential moment here, jon, for the market and hopefully the economy at large. >> yeah, carl. when many thought a v-shaped recovery was off the table, more sign not just in the market but the economy itself that the recovery might be taking more of that shape which would be very good news. taking a look at some stocks, apple as you mentioned all-time highs, adobe, amazon, microsoft, all close within 3% of all-time highs. that's a range of different kinds of stocks. apple and microsoft are the two most valuable stocks that

thank you, dave and carl >> carl, back to you >> all right jim, thanks so much.iously markets down once again after a down day for the nasdaq yesterday snapping that 8-day win streak financials threatening to go green as well as energy. we're back in a minute when the world gets complicated, a lot goes through your mind. with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. that's the clarity you get with fidelity wealth management. wherever you make go, lexus will welcome you back with exceptional offers. get zero percent financing and make no payments for up to 90 days on all 2020 lexus models. experience amazing at your lexus dealer. experience amazing i geh. common bird.e. ooh look! over here! something much better. there it is. peacock, included with xfinity x1. remarkable. fascinating. -very. it streams tons of your favorite shows and movies, plus the latest in sports news and... huh - run! the newest streaming app has landed on xfinity x1. now that's... simple. easy. awesome. xfinity x1 ju

stewart cousins or carl hastings in your state. as we try to get latasha back, stay here. coming up, as president trump prepares to hold his first rally since the pandemic in tulsa less than a week from now, i'll be joined by the sister of terrence crutcher, the man killed by tulsa police just four years ago. and later tonight, much more coverage ahead right here on msnbc. be sure to tune in tonight at 10:00 p.m. eastern for my

carl, here with the s&p up with a percent. yeah, we'll see what happens this afternoon and sara

this might just be it, carl. back over to you >> all right a stark contrast to what the president said a month ago today about those trying to protest in michigan legislature houses. that they were very good people but angry. see them, talk to them and make a deal we'll keep our eyes on that. we'll watch the markets that tend to be having that are cards close to their vest as we have barely moved afternoon from 3050 >>> let's get to headquarters. melissa lee today and the half >> welcome to the halftime report events weighing on the market. uncertainty about the coronavirus and reopening still major over hang. new trade tensions with china and a crisis in america. social unrest across our nation. protesters taking to the street. angry over the death of george floyd. just how much more can this market take following last month's incredible rally our investment committee today

for now let's get to the judge at hq. >> appreciate it, carl thank you.time report." nasdaq going for its longest winning streak of the year how long can tech keep running we debate that today with our investment committee joining me for the hour, joe terranova, john najarian, steve wise, liz young, market strategy and cnbc contributor. right to the wall, stocks have been muted we have seen a bit of a pick-up. the dow up 22, s&p is up a fraction of five points. nasdaq was at 10,000 even. there we go right there.

i'm carl quintanilla with sara eisen and mike san tolely.aiting for the fed decision at 2:00 the news conference at 2:30 despite a slew of downgrades nasdaq is holding in at 10,010 and mike, 3200 the levels at least at this point remaining intact although traders on alert. >> yeah. the levels are intact. the big cap indexes are holding together for now it's a second day in a row when most stocks are down and actually down appreciably. it's an unstable moment. agree, came into the week, things were looking stretched in terms of field position and sentiment. that's getting sorted out right now. and obviously some of the recent kind of speculative names coming off the boil hard to know exactly whether it's going to be one of the situations where the indexes themselves get fatigued and we have to have a pullback or we just flatten out but you're right. so far the s&p 500 has not really gone much below 3200. each of the pullback days. >> i think the fed is going to be key obviously it's been key for this huge runup we've seen, the 45 % runup for

carl reiner died leaving a mark on the stage and small screens. nbc has more on reiner's long and fascinating life. ♪ >> reporter: carl reiner was a tv legend as an actor, writer, producer and director. he was born in 1922 in the bronx, new york, and came to fame in the 1950s on "your show of shows" on nbc. >> welcome, america and hi there, everybody. >> reporter: he was a performer on that show, and added duties as a writer, when it evolved into caesar's hour, in a writer's room that included mel brooks and neil simon. that experience inspired "tdick van dyke show" in the 1960s, created the show about his life and family. the show became a hit and launched the career of mary tyler moore. reiner played the recurring role of alan brady. >> there she is. there is the little lady who put you out of business. >> reporter: he won nine prime time emmy awards over the course of his career and one grammy award for the 2,000-year-old man with mel brooks. >> people hit themselves in the face? that hurts though. >> you bet hurts. >> he directed films like "o

carl rhine einer.ner. his best friend, mel brooks, saying nobody could do it better. >>> and good evening, thanks for joining us on a tuesday night. i'm tom llamas, in for david. and we begin with the surge of coronavirus sweeping across the country. cases rising in more than 30 states tonight. dr. anthony fauci warning we could be on track to see 100,000 cases a day. the outbreak is dividing america. tonight, new york, the tri-state area fearing the outbreak's return, now extending its quarantine orderer to visitors from 16 states, including california and georgia. texas, with a new record number of cases, just under 7,000 in a day. the state now extending its halt on elective surgeries to eight counties.on ror numr o icu beds activating crisis standards at its hospitals. in miami-dade county, outreach team s are urging people to social distance and wear masks. and in california, where bears and beaches are shut down, the governor saying stricter st stay-at-home restrictions may return. that announcement

and, carl, the play on trade >> which makes you wonder. the surge we're seeing in some of these states is going to be with us for the next several weeks as the ripple effects of those new cases goes into hospitals and hopefully not deaths, but maybe decaths is that going to put a cloud over the corporate compentary that we hoped we were going to get for q2 >> i think it has to spot on on everything he said gave you a prediction that coincide with the earnings from the banks. i think you have to be concerned. one of the things i'm really focused on these days is what happens with future guidance everyone can cancel guidance if they want to and then i would feel better. right now when someone says, look, i don't have guidance. they're always punished. eventually if everyone doesn't have guidance then nobody would be what we saw in new york was pretty placid until it wasn't i don't want those earnings to coincide but they're going to and all i want to, do i kind of pray that everybody just gets better and that we learned a lot more we know to

by the way, good to have carl back carl, you still wearing your watch any more >> i got it right here open water swimming, but i do have the watch on i will tell you one thing, guys. tim cook was on cbs over the weekend and had a couple interesting points to make with john dickerson with corporate responsibility when it comes to paying taxes and considering constituencies other than shareholders here's what he said. >> apple has a market cap of about $1.4 trillion. what is the role of a ceo in a socially responsible company that has that kind of size in the world? >> you know, there was a time back many years ago where ceos were just supposed to focus on profits only and not so much the constitue y constituenci constituencies and that's never been my view. i've never subscribed to that. >> jim, unlikely that that is going to dent the stock or any interest in buying the stock >> we now find this is the new way. i mean, there is a piece out today raising price target for sales force saying it is lagged by 32% its 's talking about mare expansion. if you're not thinking about other stakeh

carl, back to you. >> that's going to be one of the challenges here, rick, thank you. we bring in jim lowell, chief investment sfen advi officer and oksana aronov, thanks to both of you. good to see you. >> good to see you >> thanks. >> oksana, jpmorgan's aggregate view of the markets, it seems in the last couple of days, they've taken a look at what's happened with the pandemic and some of the rising daily caseload data, and it sounds like you're trying to hedge a strategy that had been counting on pretty steady recovery >> so jpmorgan obviously is comprised of a lot of different engines that invest on behalf of our client, at least on the asset management side and we specifically focus on an absolute return ended approach which means let answer look at the possible scenarios and construct a portfolio that is going to be resilient across those scenarios. when you think about resilience today, you can't help but wonder at what point does this collective hallucination in the marketplace between central bankers and investors and looks at reality of what's on the ground,

carl young's team. on the other hand was way behind their competitors as well as their own deadlines. the engines were still the big problem too weak to unreliable and too many 30 of them in the 1st stage alone. there was not. we know that using so many engines would make the whole thing unreliable for sure so when you have stuff but we had no other solution at the time . we lack the necessary technical and experimental know how are we simply did not have the necessary resources. the sources. it's not just the moon rocket that was causing problems they hadn't even started thinking about the moon capsule. there weren't even any models of it it was only on paper. but call ya remained optimistic. player it really didn't. break i feel. he was able to motivate his employees he could appear at the plant in the middle of the night and say. we have to work we have to be the 1st and i saw that the boss was with him. and so they worked hard and put their heart and soul into it. he was able to inspire and organize

good morning >> hi, carl. a major shopping destination in brooklyn with a lot of stores you would recognize. the essential ones for instance here trader joe's and the target right down the street have stayed open all through the coronavirus crisis, but now you can see the windows for all the shops have been boarded up to protect against vandalism in the recent civil unrest for the nonessential businesses, retail today is a big day. phase one of new york's reopening. for fashion and art boutique da spot, it can't happen soon enough they saw a 90% plunge in sales da spot is home to 25 independent brands by people of color. we're looking at looking at traffic, seeing if it's going to come back. what our new normal is going to look like, and so we're hopeful. we are used to having at least 100 people in the store per day. this is a drastic change with it being closed the challenge is hoping people come back, feel comfortable to dock outside and shop -- come outside and shop >> the bad news is there's no instore br

i miss carl!hat can i say i miss my wife, i've seen her a couple times the dog i missed nvidia the dog is 13 >> that whole thing -- >> well -- >> we'll talk warner music the company was once public, got taken private in 2011 there is stephen cooper, he'll join us on a first on cnbc interview. company is going public today. $25 a share is where it was priced 77 million shares. a lot to talk about as warner music enters the public markets. more "squawk on the street" after this ♪ we could never do what they do. but what we can do it be a partner that never quits. verizon is the most reliable network in america. built for interoperability and puts first responders first, giving their calls priority, 24/7. we do what we do best so they can too. >>> welcome back to "squawk on the street." as our viewers know, we typically follow mergers and acquisitions here when there's an announcement of a significant deal in the current period it's been much more of a he foct focus on that are in jeopardy, those tha

those wealthiest of americans and the poorest but they're both the bags off the likes of you know carl icahn and warren buffett these sort of people the billionaires right i mean the stand out on that list would be hurts so hurts was heading into bankruptcy for a year now and just before they did declare bankruptcy the central bank buys a bunch of her stock and you know to give some backup to carl icahn the private investor a private equity guys this reminds me of the e.c.b. funding for the louie of a tall entrepreneur made a huge purchase recently and that was all funded by the european central bank a private company so the private banks they're buying junk corporations and they're actually buying an e.t.f. with the ticker symbol j and k. which stands for junk. that means that we've kind of crossed over to it and to know you know there's no turning back now because the said balance sheet of approximately 7 trillion dollars and it's adding maybe a trillion dollars every 7 to 10 days the resale value of everything on the books there is 0 i mean you can obviously resell hurt stock becaus

this is captain carl zimmermann. inviting you to be with us then. ♪

>> you stunned us into silence i was just listening, carl, as usual, waiting for you to follow up onome of that genius. i don't know listen, jim -- >> jim, you talk about bad signs. >> we had howard marx on yesterday, pretty good investor, right, and then i checked a twitter file by my friend dave portnoy and howard marx doesn't look that good on that, but at the same time he has been longer a good investor. shorter term there's people that can be really right. it's enjoyable to be right, but, remember, you've made no money until the money leaves the stock market and gets into your bank account. it is one thing to rotate -- we could rotate into freeport and caterpillar. i'm not obvious what happened in the polls, looks like joe biden raised more money than trump and he says the corporate tax rate should go up, that's $20 off the s&p. i'm also not oblivious what's happening to covid in these states where i hope those people don't come up to us. they didn't want new yorkers to come down to there i think the idea that the baseball season is going to go on a oblivious to what's happening

yeah exactly, carl.n, speaking of that i did want to quickly hit merck, if i can, back to treatments for the virus. not a vaccine here, but, you know, a company that i featured a couple times, ridge back biotherapeuti biotherapeutics, a couple weeks ago signed the licensing deal with merck merck gets a positive write-up from morgan stanley which basically says they think investors underappreciate merck and ridge back's anti-viral candidate which has blockbuster potential if successful. reducing disease severity and risk an overweight rating there they are in trials now both for patients who have been hospitalized and those who are in early stages. they are in trials right now for that oriole anti-viral and as i pointed out many times it would be so incredibly helpful because it would dramatically mitigate the severity of the virus and it could be taken early onset or even prophylactically if, for example, you were in contact with somebody and you were worried about it that could really change a lot of pe

carl, back to you. >> all right, jim. thanks for that. >> so we're looking at losses to start this thursday morning. dow is down 120. and that's with a pretty sizable contribution from boeing on the upside we're back in just a minute. woman: my reputation was trashed online. i felt completely helpless. my entire career and business were in jeopardy. i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555. >>> they will not let up on this i think our employee bases demand it. i think society demands it i think fundamental aspects of fairness and the importance of opportunity demands it let's marshal our voices to make that happen. >> that's arnie from marriott. if you're looking to corporate america, it's not coming from one company like marriott in that case, but

behind david it looks like walter cronkite. >> good night, jim good night, carl sorry. i got this thing so i can do my job. we all know that at the same time, you know, to your point, it's funny how many people i speak to, whether smaller companies, fairly large hedge fund in new york or giant companies are telling their employees -- not by the way just vmware where we heard from the ceo saying perhaps 60% of the employees may never come back to the office, technology related companies choosing to say, you know labor day, maybe not until next year. things r. going fine i v. to wonder what that means for overall economic activity when people are not leaving their homes the same way as they once did >> if your workday is going up against oracle oracle is not traveling, workday is not traveling and you're zooming it, think about all the money you save as long as everybody plays by the rules, doesn't hit the road, everybody makes more money it's easy to justify on health concerns i'm seeing companies -- i mention workday, a lot of deals are being closed on zoom they're also

i am captain carl zimmerman. "the big picture" is a report to you from your army.my committed by you the people of the united states to stop communist aggression wherever it may strike. "the big picture" traces the course of events in the korean campaign through first-hand reports of our combat veterans and film taken by cameramen of the army signal corps. these are the men who daily record on film the big picture as it happens where it happens. today, our big picture brings into focus "the turning of the tide." you will see our fight to hold onto the pusan perimeter. you will see air support from our carriers, the invasion, and the march on seoul. and you will hear a first-hand report from a lieutenant, the put to leader with the army's 24th infantry division. now let's go back to august, 1950. ♪ >> on 10 august, after 47 days of fighting in korea, the tide of battle in the beachhead is ebbing and flowing for both sides. united nations force it forces are dug in on the perimeter. communist troops are numbering ours more than two to one have thus far failed in thei

back to you, carl. >> yeah.nk you for that gap an outperformer today along with other stocks that suggest consumer spending. american express the second biggest dow gainer we'll take a break and be back after a commercial interruption. don't go away. woman: my reputation was trashed online. i felt completely helpless. my entire career and business were in jeopardy. i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555. >>> georgia reopened for business over a month ago but some businesses have taken their time getting back to full service. our next guest facing civil unrest and covid-19 in his city of atlanta joining us to discuss this weekend's demonstrations and kept's path forward during the pandemic, atlantic restauranteur fred kastaluchi. >> thank

out of florida are raising concerns about whether policies need to change statewide. >> for sure, carl that a lot of these issues the market has been grappling with them below the surface far while. this is a day when, you know, the elite five or six stocks of the nasdaq are not rescuing the overall market that has obscured with the equal weighted s&p for a month has gone nowhere and had a hard time gaining traction as we reassess the strength and speed of any reopening type trade maybe we have to backslide from there. i think we all know the set of issues out there the question has been, the market's ability to look through them or shrug them off thanks to strong market credits or general reserved sentiment among equity investors. both those things are still in place but they're not incrementally in favor of stocks today versus where they were a couple weeks ago i do think in that stuck place the s&p has been for a couple weeks, it's showing itself a little more clearly today. >> you know, there's a lot of discussion today about the action that we're getting and the argument it's a re

i'm carl quintanilla with sara eisen and mike santoli s&p the worse since may 1.lines lead the decline. only about 20 s&p components are in the green >> worries about the fed worries about more infections in the country. let's continue the market conversation now and bring in our first guest jeremy siegel joins us, a professor. professor, nice to have you here do you see this as a turning point for the market which has had such a stellar runup from the march lows >> it got a little bit ahead of itself, but i think the trend is up i think this is what we'd call normal profit taking after a huge runup the runup on friday's unemployment was excessive i wasn't as excited as several others but the liquidity that's provided by the fed, and powell, you know, continues to say you know, we're not even thinking about raising rates. that's going to feed this market i look at m 1, not just the balance sheet of the fed it is up by over 257% in eight weeks. which is much more than the whole year that followed the financial crisis of the lehman brothers bankruptcy. we're just pu

carl >> a great set up for our next guest who's a small business owner.ocated in minneapolis it's palmer's bar. he boarded his business with a sign that says black owned business in an effort to curb any looting and property destruction. tony joins us this morning thank you for your time. >> thank you. >> we feel for you because you were, in fact, closed because of covid-19 you were hoping to open later on in the month i think you're not far from the epicenter of the riots what led you to put up that sign, and do you think it helped in any way >> thursday morning i went down to the area where the third precinct is, about a mile and a half from here, i wanted to see it firsthand i noticed a couple small restaurants covered in broken windows with signs that said minority owned after seeing the devastation, i came back i have to board it up. and it was an afterthought i should put that on my business, it's true. i put black owned business without thinking, because at the time, this was before we realized there was a lot more, the white supremacists in town,

. >> art, it's carl. to bob's question about the disconnect between the markets and the social unrest, i'm not trying to date you, but i think in 1964 you were already a member of the nyse and i wonder either in '64 or '68, did that disconnect feel as profound as it feels right now >> it did. thank you for remembering. yes, i was there in swadling clothes, but certainly in '64 to some degree and '68 was a terrible era in which the demonstrations, again, turned partially economic with looting and other things and that resulted in major city riots, some of what we're hearing about today, the national guard coming in, and that then did morph into a bit of an economic setback as the economy struggled. it didn't plunge the stock market, but it set the economy back and major cities like detroit and newark and others actually have not come back from the response they had to the social unrest in '68 and so on let us hope that it is nowhere near that, yes, i've been around long enough to have that memory, and that

>> carl burnstein is a cnn political analyst.l, i wonder what you're thinking when you hear john kelly say that, especially considering, he worked, he took a job as a secretary in the cabinet and then chief of staff of the president. >> the key phrase is concern for the country. think how extraordinary it is that the chief of staff to the president of the united states would express concern for the country because of the conduct of the president of the united states, but as you know, from my reporting on this network over the past two years, goes much deeper than this. all of the top national security aids to this president. general mcmaster, tillerson, the secretary of state, mattis, they all concluded that the president himself was a grave threat to the national security of the united states because of one, his temperament, his instability, but also, he's playing into the hands of putin. they all came to that conclusion. and so now we are at a unique juncture in our history where the president himself whether he's fit for offic

carl bernstein joins us with more on the jaw dropping report.rite that one source said these calls were such an abomination that if members of congress knew the content, even republicans would not have confidence in the president. what were his calls with russian president putin like? >> his calls with putin, he was almost slavishly seeking putin's approval, trying to prop himself up, as a great businessman, demeaning predecessors in foul terms, vulgar language, calling them incompetent, now that he, trump, was there they could deal directly. the overall tenor of calls as well as specifics of them show the president of the united states in terms of allies bullying them, almost sadistically dealing with women on the call, mainly angela merkel and theresa may, the prime minister of great britain, those calls with those women are described in almost sadistic terms by sources. a spokesman for the german embassy here in the united states confirmed those calls are very aggressive and problematic. so what we have is a president very much like we saw th

aah. [ glass shatters, carl yells ] aah. what are we doing? there. [ grunting ] [ pole creaking ] [ whack ] all done! that's for you. ohh. tents are hard. wait. aren't you super wilderness guy, with the "gpms" and the badges? yeah, but... can i tell you a secret? no. alright. here it goes. i never actually built a tent before. there, i said it. you've been camping before, haven't you? well, never outside. well, why didn't you ask your dad how to build a tent? i don't think he wants to talk about this stuff. well, why don't you try him sometime. maybe he'll surprise you. well, he's away a lot. i don't see him much. he's gotta be home sometime. well, i call, but phyllis told me i bug him too much. phyllis? you call your own mother by her first name? phyllis isn't my mom. oh. but he promised he'd come to my explorer ceremony to pin on my assisting the elderly badge. so, he can show me about tents then, right? hey, uh, why don't you get some sleep? don't wanna wake up the, uh, traveling flea circus. ♪ mr. fredricksen? dug says he wants to take kev

carl, back to you. >>> all right.im, thanks for that the president is going to hold a press conference in a few moments about the jobs numbers in the meantime, dow 27k first time since march 4th nearly every component is green and the s&p within 1.5% within going positive for the year. when we started our business we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half. just like that. shipstation. the #1 choice of online sellers. go to shipstation.com/tv and get 2 months free. >>> it's remarkable to think the jobs report today was from a survey in mid may when roughly 50% of small businesses around america were starting to reopen. the u.s. chamber did a survey where they think 80% are reopening.

did declare bankruptcy the such a bank buys a bunch of her stock and you know to give some backup to carl icahn a private investor a private equity guy this reminds me of the e.c.b. funding for the leave a tall entrepreneur made a huge purchase recently and that was all funded by the european central bank of a private company so the private banks are buying junk corporations and they're actually buying an e.t.f. with the ticker symbol j and k. which stands for junk. that means that we've kind of crossed over to it and to no you know there's no turning back now because the said balance sheet of approximately 7 trillion dollars and it's adding maybe a trillion dollars every 7 to 10 days the resale value of everything on the books there is 0 i mean you can obviously resell hurt stock because it just went bankrupt a few days ago so that's clearly worth 0 everything on the junk e.t.f. 0 black rock that sells the e.t.f. is charged with buying e.t.f. for the fed so the fed and the government is tall black rock by e.t.f. those things that you sell for us with the government with the printed money

out burst you know the other side of the trade was the robin hood apparatus they're up 65 percent carl icahn another guy from probably the silent generation perhaps boomer he is you know dumped his hertz stock he owned hertz he saw he owned about 40 percent of it he saw that they were going to declare bankruptcy and he knows and the old system that we've had for thousands of years that equity holders lose everything they lose all their equity so he dumped everything but this new generation who are only no on sound money only know colonel 1st this way this world makes sense to them so they can land on a fraction of the atlanta fed just said the economy in the 2nd quarter down 51 percent. half of what it was a fraction of what it was and yet stock markets nasdaq just had an all time high so for them it makes perfect sense because they can land on a fraction right in fact robin-hood or cash or other and now offers fractional shares of of stocks so they are in fact planning on fractional shares you can buy a fraction of a share and that's something relatively new but you kind of extend the

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about carl mckinley. i think is always been revered but in times past we've been forgotten. my hope is that the course of time, and through the great efforts of the white house historical association, jacqueline kennedy founded in 1961, through those efforts of education, preservation and legacy, learning about those presidents they will certainly be remembered. trying very hard to do that. >> we have visited the mckinley memorial in ohio wow what a structure. tell our audience the story of how that came to be. >> william mckinley memorial way back in the day, people revered him and of course you know the significance about the roses that they wore back in the day, when he was assassinated. the citizens of ohio, especially since several were assassinated thought that it was befitting, to actually come together and create a memorial of his legacy and his memory. of course he is probably in my opinion, ohio's most revered united states president. because he was not only a house member, susan the last u.s. c

the main thing carl reiner was, was very funny. carl reiner's motto was, enter laughing.ometimes that meant he entered dancing. he could be the straight man -- >> rex, you realize what talking movies will mean for you? >> at last. >> reporter: or the funny one. >> i've always said i like you so much better without your, um -- >> hair! hair! >> reporter: and also call the shots behind the camera. >> and action. >> i feel funny to begin with and know how to suggest something to a funny person that makes whatever they're doing a little funnier. you're home free. >> reporter: carl reiner was born in the bronx in 1922. after some broadway success, he was hired as a writer and cast member on "your show of shows." >> last month you did the same thing. you bet $100 that columbus' three ships that sailed to america were the nina, the pinta and the maria. >> reporter: he was part of the writing team that included neil simon, woody allen and mel brooks. >> carl reiner is more than just a tall bald jew. he's a force. >> reporter: they were not only good friends but a powerful comedy

let's get to headquarters in the half >>> appreciate it, carl. welcome to the halftime report our top story, the great stock market rally whether it's reaching an inflection point we'll debate the future of your money this hour with our investment committee rob is back. ubs private wealth management. also one of forbes top 100 financial advisers stocks are higher. that's coming off the worst day in a few weeks you have apple

passed an old colonial french craddick dinner party and that's where warren buffett is that's where carl icahn are you know they're they're clinging on to the past and they're kind of like on the way into the heart of darkness you would pass this old french colonial outpost which would represent the buffets and the call icons of the world as you head deeper into the psychosis that is jay powell and everyone who's come before him at the set and the exterminate with extreme prejudice moment is basically you have to end this insanity for this insanity in the financial world and geo political world and domestic world to end because you know here even bloomberg news like i'm saying it's old school finance and they don't have it they're trying to say it very politely like with a british the flop or a lip about like. you know these are possibly worthless stock and they are but who knows they're saying maybe were and who were all that maybe you know all value is subjective and if they think you know if these people buying these stocks want to keep it alive in their own separate parallel universe

i am captain carl zimmerman.g picture" is a report to you from your army, an army committed by you, the people of the united states, to stop communist aggression.the big pie course of events during the korean campaign. with firsthand reports from our combat veterans and film taken by combat cameramen of the army signal corps, these are the men who daily record on film the big picture as it happens, where it happens. today, "the big picture" brings into focus the first 40 days of korea. it was the beginning of the fighting there, where every ridge was a heartbreak ridge. let's go back to june, 1950, firstur troops felt the thrusts across the 38th parallel. the story is best told in the language of the soldier who was there. >> this story is hard to tell. painful. our outfit was in training a few weeks ago. some of the boys who were with us aren't around anymore. they were good men. good soldiers. they had learned to fight, and they had the guts for fighting. when it came, it was like a sock on the back of the head

. >> i want to read you some reporting from carl bernstein, legendary reporter, who overnight put out he has gathered over four months from top security officials and their concerns over the president's conversations with world leaders, particularly vladimir putin, which is relevant to this discussion. and he writes -- let me put my glasses on -- "in numerous calls with putin that were described to cnn, trump left top national security aides and his chiefs of staff flabbergasted, less because of specific concessions he made than because of his manner. inordinately solicit us to of putin's admiration and seemingly seeking his approval." so, take carl's reporting in conjunction with what's going on right now regarding this intelligence, and what questions does that raise for you about the president's attitude towards vladimir putin? >> i mean, we've seen it time and time again. we saw it on the stage in helsinki. we saw the most powerful man in the world, the president of the united states, take russia's word over the word of our intelligence community. this isn't the first time that we

the images he had witnessed of the inferno had left deep scars in carl ya's mind he was convinced that a false start would result. in more deaths. so he needed to find someone else to build the engines for him even though there was actually no replacement for glasgow in the end the contract went to nicole like his nets of a designer who had previously only worked in the aircraft industry. but i look told off i will do with the cruise missile was not new car was one of the best design us but he with the best jet engine design i. do the same is you will fly the best ferarri. design they will though you will build the cruise ship. it will take with he will do it or maybe full well they would do it. those weren't the best conditions for a race where your competitor has been steadily working through its test program for the last 3 years. each component would be tested until everything worked perfectly the soviets needed a miracle. of course what. if it will be the part of this competition that he would win you kind of go because and what if you think that you will fail. not that i know i di

but carl young remained optimistic. on what the player it really did not. break ideal. he was able to motivate his employees. he could appear at the plant in the middle of the night and say. we have to work we have to be the 1st and i saw that the boss was with. and so they worked hard and put their heart and soul into it. he was able to inspire and organize large collectives. he always knew what he wanted and how to achieve it you know what you got that bit of. writing to the new kremlin chief leonid brezhnev in 1965 he guaranteed the soviet union would carry out a moon landing by 968 carl you knew he had to keep the kremlin rulers happy. but he also knew that a manned lunar mission was still a long way off. for a little will. swear to god for his very tense and very hard during this time score one vostok you know he didn't like a lot of what was going on. there i believe all things weren't going the way they should or he was irritable and very disciplined. with your very new just a pretty unit. but the chief designer didn't give up they've been making progress in spit

"i think carl might have killed levi." she said, "why would carl kill levi?hing for him to gain from that." and i said, "yes, there was. he gained $700,000." >> cindy's cousin, jackie hymel, called in a concern that she had to the police. >> reporter: and you get a phone call. and what are you told? >> i would ask if we'd investigated an accident involving levi karlsen's death. and i looked it up. >> this family member's got some suspicions, concerned that things just aren't adding up. wherever karl goes, tragedy takes place and financial payouts follow suit. >> once we started looking into prior incidents, that was the first indication that something wasn't right here. >> reporter: and so as investigators start to look into karl karlsen's past, it doesn't take them long to see what is a frightening pattern that dates back decades. >> the first thing that came up, was a car fire from 1986. it was a brand new mustang purchased by karl karlsen. had $10,000 insurance on it and it burned up in his driveway. >> according to the report we heard, there was nothing i