s/carl meacham, analista "lo que él ha dicho ha sido muy más ruidosos pero de la ir, minoría del partidorrano, @randytelemundo segun el centro de investigacion pew el espanol es el idioma que el pais despues deingles. y elnn haenido criendo en los timos añoeso, sea ser a piedra en el camino para trump cuandos blanca --por cierto, segn la oficina del censo el 13% de la poblacin estadounidense habla e sea unos 35 millones de personas hablaban este idioma en sus hogares. cont. cesar ---adems, gran parte de las instituciones tienen el bilingismo (ingls-espaÑol) como norma en sus sitios web oficiales, como el gobierno, la lasa blanca, el fbi, medire y biblioteca nacional de medicina... cesar -----una escuela primaria en san francisco decidi elinalos letreros e distinguen -----una escuela primaria en san francisco decidi eliminar los letreros que distinguen los baÑos para sus niÑos. take vo ---ahora son "unisex" o como ellos los denominan de gnero neutral. --el director de la primaria "miraloma" asegura que en ese plantel existen unos ocho estudiantes de primer grado que no responden a las nor

carl, jr.'s releasing latest very sexy commercial.s time bikini babes playing volleyball on the u.s.-mexico border. i'm supposed to say why is this burger chain getting political. i don't think anyone who watches ad, let's let it keep going is thinking about politics. while they're watching this. bruce turkel, are they getting political or are they getting cheeky? >> they're getting attention. i mean, really what they're doing is playing up taco bell's tag line. this would make me run for the border. as as i like to look at t and a, most guys do, in this day and age, 2015 we should be beyond this. they're using it to get attention. watch them because of politics. watch it for the girls. watch it because of the fannie pack. they want you to watch it. melissa: we edited this apparently. it gets even saucier at end. we seem not to show that part. my producer is showing a little -- >> best part. melissa: right. melissa: jonathan hoenig what do you think of this ad, good idea, bad idea? i don't think we take it down? jonathan what do you t

is fox news chief political correspondent carl cameron. so, karl,s that the vibe there on boehner?ry positive. they are thrilled that he is leaving. these are evangelical christians and social conservatives from around the country they are rejoicing a lot of happy faces and relief there is a chance to get a real conservative in there who might be able to get things done. a lot remains to be seen in that department, eric. >> ted cruz, a little rough on the speaker, right? >> he weighs, but then again ted cruz has been at odds with the speaker for quite some time. a lot on the house side, the fans of john boehner thinks that ted cruz forced a shutdown that didn't go particularly well in some establishment republican minds' views back two and a half, three years ago. cruz was one of the chief antagonist for the speaker. the truth of the matter is while it's sort of perceived as inside baseball house battle with republican conservative members of the house causing a coo or oust the speaker. the 2016 presidential candidates on national television every night. every morning and in all of

what happened in the early 1980's? carlted states and that triggered a drop in world trade. what we're seeing now is different than anything we have seen before. it is prices for time up in canada right now and here, they're really demonstrating what is going on with the price shock on commodities. commodity prices fall. we import as much oil as we did before. you get paid less for it. companies,oducing they have smaller profits, invest less, and the economy slows because the income has to pop up somewhere. notes in hisn forecast that while he is bullish overall on the economy, he sees domestic demand doing heavy lifting and the economy able to move forward and grow despite the trade. tom: what you just heard there, folks, from dr. weinberg is the foundation of the nuance we are trying to get at on "bloomberg surveillance." he parlayed the 1980's as a unit differential of exports in now disinflation. it is a price differential. two things make up the pie. unit and price. a difference that was absolutely brilliant from carl

s&p. cory: i was going to ask carl that question. this is the tech show. we don't care about your empire state survey. they sell manufacturing goods. what do we know about how technology is impacting, the thing the fed is looking at maybe the most, which is inflation? carl: that is a big question mark for the fed. dual mandate ofs full employment -- and inflation. we are starting to see wage pressures and economy. on inflation side, the fed is missing the mark. headline inflation running at .3% year on year. way off the fed's 2% target and core inflation has shown signs of backsliding. it is a confluence of factors. it's a tech show, so i will say part of that is the productivity story. rides like uber and sharing and all of the online conveniences, navigation systems, is leading to productivity aims in the economy which means we get more output with less input. this is restraining inflation pressures. the is the tech side of story. the old macro side of the story is that energy prices are falling. that is percolating into the broader economy and the dolla

carl jr.'sement but helps paint a pic arebout their feud. viewers have been weighing in on this one, right, guys? >> they have. >> what kind of comments are we getting? >> first one, i like women as much as the next guy, but the carl's jr. advertising campaign does nothing to get me to try it. i've never eaten at carl's, and have no desire to. >> and another viewer saying this, i prefer to have decent food at my home with my beautiful loving wife along with our daughters. pay attention to your families, folks, turn the tv off. >> and susan says i'm a woman, i see nothing wrong with this at all. this is america, people, if you don't like it, change the channel. >> well there you go. >> wow. >> 22 minutes before the top of the hour and right now we've got some extreme weather. and a hurricane is heading somewhere. first up, storms battering the east coast this morning here in white plains which is north of new york city. heavy rains making a messy commute this morning. cars struggling to drive dow

s&p. cory: i was going to ask carl that question. this is the tech show.e don't care about your empire state survey. we know they sell manufacturing goods. what do we know about how technology is impacting, the thing the fed is looking at maybe the most, which is inflation? carl: that is a big question mark for the fed. the fed has this dual mandate of full employment and price stability. in terms of full employment, we are getting very close to the level that should be consistent. we are starting to see wage pressures in the economy. on inflation side, the fed is missing the mark. headline inflation running at .3% year on year. way off the fed's 2% target and core inflation has shown signs of backsliding. it is a confluence of factors. it's a tech show, so i will say part of that is the productivity story. things like uber and ride -sharing and all of the online conveniences, navigation systems. all of this is leading to productivity gains in the economy which means we get more output with less input. this is restraining inflation pressures. that is the t

s&p 500 fell 49. the nasdaq fell 142, billionaire investor carl icahn warns about the u.s. potential catastrophe in the u.s. economy, he says low interest rates, he says donald trump's opinion before the republican presents the presidential candidate reveals his economic proposals. >>> whole foods is cuting jobs >> that represents about 1.6% of the work force. some of the reductions will come through atricks. whole foods is trying to lower prices and costs to keep up with the competition. carl walker's daughter is suing meadow walker filed a lawsuit on behalf of her late movie star father paul walker. he died in a high speed car crash in november. the suit claims it lacked safe guards to protect the occupant. >>> apple breaks its record for iphone sales after apple sold more than 13 million iphones 6s and 6s-plus models in the first three days. that's three million more than the first weekend last year. >> now, jill, i hear today is the national day of intuition for one of america's favorite drinks. my favorite drink, coffee. does that mean we will get free coffee? >> absol

carl max hammond jr. >> frederic k. han >> christopher j. hanley >> firefighter sean s. hanley >> valerie joan hanna >> firefighter thomas hannafin >> kevin james hannaford >> michael lawrence hannan >> dana r. hannon >> christine lee hanson >> it has been an honor for the past 13 years for me to read the names of all the beautiful lives that were lost on this very site. and for my son paul, you always will be our wind beneath our wings. >> peter burton hanson >> sue kim hanson >> vassilios g. haramis >> james a. haran >> gerald francis hardacre >> jeffrey pike hardy >> timothy john hargrave >> firefighter daniel edward harlin >> frances haros >> harvey l. harrell >> stephen g. harrell >> melissa marie harrington >> aisha anne harris [ bell ringing ] >> stewart dennis harris >> john patrick hart >> eric hartono >> john clinton hartz >> emeric harvey >> and my son paul robert. you are the wind beneath our wings. >> and my father, engine company 201. there isn't a day that doesn't go by where i don't think about you. you're an amazing, lovable person inside and out. i know

carl strock, was forced to testify before congress for his agency's role in the disaster. since the 1920's that branch of the millitary has been responsible for the city's structural defenses. one year later, they released a 6,000 page report publiclly accepting responsibility for the levee failures. col. carl strock said, quote- "we had a catastrophic failure" ...and "words alone will not restore trust in the corps". >> do you think that new orleans is safer than 10 years ago? >> i would say new orleans has much much more robust defenses than it did 10 years ago unquestionably. >> mike park is the chief of operations for the army corp of engineers new orleans district. he was born here, and in charge of cleanup and rebuilding after the storm. >> construction is in progress. >> the army corp has been working non stop to mitigate storm damage...their solution still one year away from completion is the new storm risk reduction system. this new system surrounds 4 new orleans' parishes. it now includes, 133 miles of levees, flood walls, surge barriers and pumping stations. this innovation-the

carl sagan of the day. he was the popularizer of astronomy of that time. first terminal of .ignificance he was a west point graduate. teaching40's, he was at the cincinnati college. town, thea group in society for the promotion of useful college -- knowledge. the population, 50,000, maybe the fourth-largest city in the country. he started in the lecture hall's they moved it to a chapel. at the end of the lecture, they said, why can't the citizens do something that john quincy attempted to do before? the first national observatory. before he was president, he was the first minister or today we would say ambassador alexander the czar of russia who had the largest telescope. he taught john quincy astronomy and john quincy had a passion for astronomy the rest of his life. he would record that in his diary. in europe, there were over 30 professional observatories in russia and europe combined. ofamerica, we had nothing these types of telescopes. he wanted america to step up in science. he was the promoter of that. the state's rights movement was strong and they did not want to give power to the federal government for what he would ca

that stock down 16% and a company hit by weak commodity demands, carl, it was the only company in the s&p 500 when we come back an exclusive interview with treasury secretary jack lieu on the u.s. economy in china, plus why chip makers are leading the rally. a look at the likes of intel and micron. >> and hundreds of millions of views for its views, we're going to talk viral, social media streaming and more. we have erased all the losses from tuesday's session. more "squawk alley" is back in a minute. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern. >>> treasury secretary jack lieu sat down with our own steve liesman for an exclusive interview talking about the economy, china and iran. steve joins us with more. steve? >> kayla several days ago the chinese government arres

s. futures are pointing to a slightly higher open right now. carl fears that stocks could come down more he says. the market needs to deal with bubbles that have been exacerbated by the fed. the billionaire investor speaking out on the five things that keep him up at night. that's straight ahead. new this morning president obama ready to meet with cuba's president castro at the un today. this coming after the u.s. commander and chief's first formal talks with russia in two years. it's tuesday, september 29th, 2015 and squawk box begins right now. ♪ >> live from new york where business never sleeps, this is squawk box. >> good morning, everybody. welcome to squawk box here on cnbc. i'm becky quick with andrew ross sorkin and brian sullivan. joe is off this week. our top story is the markets. check out the u.s. equity futures. things are indicating a slightly high wrer open. dow futures are up. s&p fau tours up by 6 and the nasdaq up by 21 but it comes after the dow, the s&p and the nasdaq closed after one month lows yesterday. this was a broad based

electric car in march and will start taking orders bandit to carl start around 35,000 or about half the starting price of its current model s sedan. and about two years. >> gary:good evening! >> gary:tied up! a's taking on the angels at the coliseum this afternoon >> gary:sonny gray on the hill, worst outing since september 2nd of last year >> gary:top 1st / 3-0 angels >> gary:david freese slaps a single to deep right, david murphy scores angels score four runs in the 1st >> gary:bottom 1st / 4-1 angels >> gary:a's battling back in the bottom half of the 1st josh phegley with a two-run shot to center cuts the lead to one >> gary:but albert pujols and the angels offense took over >> gary:top 2nd / 4-3 angels >> gary:albert pujols hits a two-run bomb to left-center, puts the angels up 6-3 his 555th career homerun >> gary:final: 9-4 angels pujols becomes 4th player to have ten 35-homer seasons in their first 15 years. >> gary:a's open a series with the mariners the day after tomorrow. >> gary:former owner of the 49ers, edward debartolo jr. is a finalist for the 2016 class of the pro football hall of fame as a contributor. >> g

s&p 118 to 120. consensus numbers and i think this is one of carl's points, they're saying 130 to $132 next year on thewe don't think we're going to do that. so we're level setting that back to about $125. then we fight over multiple and that's really the -- >> multiple has been having a very hard time expanding. >> it has but we've risen a lot. so, again, correction without the delivery of earnings which is what we've seen right now forces out multiples coming lower. >> if you get -- without boring -- not boring but doing the math, if you have $125 in earnings and you put what kind of multiple on it where does it get me. >> i will force you $125, not $120 or we have a problem next year. at $125 off of a forward multiple, so looking into next year, i've got a base number on the s&p of 2,000, 2,050. so rough justice, 2050 to 2250. between now over the next 6, 12, 18 months. >> so 2050 from 1900 ain't much. >> no, it's not. >> 2250 sounds a lot better. that's 350 points higher. >> but, again, context of a market that went literally remarkably down through a financial crisis and back, strong double digit

s&p is only 90 trillion. but wall street does what it does best. it sells securities. >> that was hedge fund heavy weight carl his new avant guard video. he talked about junk bonds as he described as a risky investment pushed on by investors on wall street as well as the etf industry. we've been talking about high yield and what this is telling us for a long time. that is basically the point. the canary in the coal mine. >> it is a great put. i would tell you that brian kelly who sits on this deck from time to time has been saying the last thing for the last six months if not longer. when carl says it is news, people have been saying the same thing. hyg, the high yield etf. trading around -- i think it made a 50-week low today. in my opinion it is critical that it holds $82, which is where it was. we talked about that last night. but everything that carl said, he is not cracking any new ground here respectfully. >> no, he is not. if you believe what carl icahn says, does that make hyg a short. >> i think it could go lower and there is an energy component that is dangerous right now. the borrowing has been com

s plan works like this. eastbound trains to ronkonkoma and port jeff are operating. but with delays and cancellations. they are not stopping in carle place and westbury due to the damaged switches. westbound service to new york has been suspended entirely on those branches as of 3:00 this afternoon. the railroad marie assume lam mid service after 8:00 but that is not -- limited service after 8:00 but that is not certain. this is a long 24 hours and a long night on the l.i.r.r. tonight. live tonight, n.j. burkett, channel 7 eyewitness news. >> n.j., thank you. >>> from long island to new jersey, fast action against the high school football player seen on videotape bashing an opponent with a helmet. the player from linden lill permanently kicked off the -- high school permanently kicked off the team and suspended from school. anthony johnson is the story for us. >> reporter: we are outside the imacculata football practice. they are just wrapping up the practice. we saw a number of the players including number 73. he is the one seen on the video that very disturbing video that many people across the country have now had an opportunity

s&p with an 18 handle for the first time since late august. let's get to rick santelli and the santelli exchange, rick. >> thanks, carl. i always say when markets are proactive, they're guns hot. there's little doubt the equity market's to the down side of it the bearish trade of late, equities, are running gun hot now. when guns are hot, what happens? it gets a whole lot more attention from other markets. but specifically today what i wanted to point to is the linkage between equities falling and what's going on in high yield and how that spills over into corporate sectors in general. we've talked today about the barclays widening. whether it's investment grade or high yield. let's look at the etf. clearly show the markets moving down. i can't run more than two intradays in a row. this is the seventh session in a row where the hygs moving lower. opening it up to august, you can see that dynamic. if you open it up the last time we're at these levels was around thanksgiving of 2011. it's a bigger story than that. it's about the debt legacy. today, the president at the, you know. we covered it here at cnbc. is talking ab

carl: in that limited context, i would say, very modest. i have read the inflows and the s 500 and only 2% are to china. but if you add other emerging markets in asia and elsewhere, suddenly those numbers tend to grow. economic -- recent u.s. economic numbers have been good, but they predate all of this uncertainty around china, which will affect the outlook for the fed going forward. it will be a lot for the committee to digest, both as they make their decision and as they published the forecast that will accompany it. mark: one of the ironies here, because i was reading some of the mission that you sent us that china's wealth has grown, but it is spending the same amount of gdp as it was five years ago. clearly, that cannot be sustainable. have china has wanted to the same kind of diversity between internal and external demand that, let's say, we have in our country. we rely on about two thirds of our own spending for gdp. they try to encourage that and wealth has been created. but some of the uncertainty and demographics for china have in limiting that spending. when dem

carl. there's a lot moving. anheuser busch is moving. s sab, altria moving. a lot of moving parts. it's not a done deal by any means, but one of the largest of all time. >> you will talk with chris albrecht of starz later today. jim what are your thoughts out west? >> these are deals so positive it makes me want to say, okay f the fed does something you don't want that hurts the market, circle back to molson coors. why? molson coors will be the new con te constellation. the justice department would demand that -- of the -- that tap gets the miller take. s cerona merging? this was a three-way olygopoly. you get this deal going, another place go is shine. the one not involved is the winner. >> fascinating. in terms of -- we'll knock around the fed this morning and later on tomorrow morning while we await the decision. there's a growing sense, jim, that the market is prepared for what they're calling a dovish hike. fed rate hike not likely to spook the economy. i doubt that's a headline would have written. >> absolutely not. i'm listening to steve liesman this morning. when you see 50

carl quintanilla with sara eisen. happy friday may not be the term for it. dow down 2660, s&p 500 down 25 as u.s.arkets, european markets as well reassessing the future of global growth after what the fed said yesterday. oil back to 75. rick santelli has more news today on leading economic indicators. >> leading economic indicator force august were up 0.1%. last month down 0.2%. if you look at the high water mark, it was april, may, june up 0.6%, minus 0.2%. 0.1 won't instill a lot of confidence, but august is an old number. we will continue to digest the aftermath of the non-rate hike and the notion we'll be doing all of this all over again in october, november, december, march and maybe points beyond. >> simon? >> let's bring in our senior economic reporter, steve liesman. the dow down 271 points. what do you make of that? >> i think there's some sense out there that the fed's decision not to raise rates because of what it says are "recent global economic and final developments" sends a message, things are worse than you think. or the fed is being extra cautious. here is a statement, we think t

s we'll see you back here tomorrow. and tonight's "e.t." birthdays, which star of the good wife had a case of the giggles when we met in 1994? was it josh carl? allen cummings. you can find out when "e.t." returns. , is your 24/7 destination for news on your favorite celebrities. >> a lot of star birthdays to celebrate today. tommy lee jones is 69, rick perry is 31. and which star had a case the giggles in 199 >> you know what? you're beautiful. >> it's josh charles who turned 44 today. cracking up with his co-stars. now tomorrow we celebrate and rolls on with another classic flashback. check it out. bye, everybody. >> star couples before they were famous. sandra and matthew, jen and tate. can you believe they dated? then -- >> linda perry and sarah [000:26:59;00]

all ten sectors of the s&p 500 were down and then there's the vix index, the fear index up 18% today. meanwhile billionaire car carl said to release a video today. is the party completely over and should we all head for the hills? joining me now, mark capital managing director and hillary cramer, jim, you've been around for a while. we went 1400 days without correction. we knew it was going to come, but when it does happen, it's at these one of these nail biting things. >> yeah. never fun and the u.s. economy was going to be imported from overseas be in the form of a credited event. so what's happening is the slow down worldwide has created worries in the credited market, junk bond yields with going up relative to treasuries. that's a tightening and monetary conditions. irrespective of what the fed does and that's spooking the markets that maybe the credit markets see a recession. >> that really hits the nail on the head because the fed really can't do anything anymore. whether or not they tighten or don't, that point, which is that the junk bond market, these -- the debt out there is taking the life of its own. bu

s. sloan. wendy small. gary smith. george smith. heather smith. james gregory smith. jeffrey smith. joyce patricia smith. carl smith senior.r kevin joseph smith. leon smith, jr.. police officer smith. monica rodriguez smith. rose mary smith. michelle monique. christina snyder. leonard snyder, jr.. rubin solarz. naomi sullivan. three. michael charles. and fabian. gregory thomas. thomas. robert. maynard, jr.. george edward spencer. my brother richard avery. we miss you every day. i will run in your city marathon for you this year to benefit this fine memorial. we love you. >> my brother new york city fire department ladder 12th. we love you, we miss you every day. and for all the innocent people that were senselessly killed you will never be forgotten. [applause] william. michael. lawrence cpac. richard. juan in the. david james. andrew. martha jane. ruth jane stewart. richard stewart senior. douglas. romney stowe and. james, jr.. george, jr.. edward thomas. stephen straus. benjamin. juan. william christopher. daniel thomas. christopher sullivan. thomas sullivan. james joseph. >> my brother we love you and the issue. you had

s&p 500 and germany. of course, on the volkswagen woes. copper and oil, notably on the down side, and, remember, carl, i'm just talking about four or five days now those are pretty big moves considering that short time span. right now we are essentially at the lows for the day. dow down 252 points. >> we'll talk to you in a bit. bob pasani. >> alibaba has to be close to the top of the list of those having trouble. on track for a sixth session losing streak. it's fallen nearly 10% in the last week. shares down 5% from the ipo price sfr just over a year ago. henry, we all remember that flash crash on august 24th. on that day baba -- intra-day low, 58, which is only 59 cents away from here. >> that's right. well, when the company went public, we talked about this a lot, they're in the unenviable position of having an incredibly high profit margin and an incredibly high market share. when you have that situation, your ability to grow earnings in a rapid rate is very ham strung. you can only lose market share. they looked like a mature company, and there's down side risk. the way tech stocks generally go bananas is when they are at a low margin p

s&p this year still a winner? we will attempt to answer that question and so many more, carl.ee you in about 15. >> sounds good, scott. let's get over to the cme group. rick santelli and get the santelli exchange. >> hey, rick. >> hi, carl. the speed of light. speed of light is 299,792,458 miles per second. why do do i bring that up? maybe we could learn something from the speed of light. if you have a car going 100 and the other car going the other way at 100, and they crash, the point of impact is 200 miles per hour, but if you have a car going at the speed of light, crashing into another car going at the speed of light, the impact is the same. it's just the speed of light. things get weird at that level. normal economics, in my opinion, don't apply. i think it's about time that there's more flexibility in this organization known as the fed or the organization on a bigger level known as central bankers. maybe they just need to think a little bit more outside the box. my read on yesterday is it's so much more than interest rates. it's reversing so many had things that have be

s&p 500 some of these are still providing a pretty substantial drag. keeping an eyean on the markets as we head to the close. a warning from carl icahn. danger ahead, the billionaire investor lays out the problem facing the united states economy, including the risk of continued low interest rates. why should they raise rates? it is almost a rhetorical question because there are so many reasons. low rates almost by definition building bubbles. building real estate bubbles. even in the art market. kass joining us is doug who just put out a note today addressing karel icon comments. wondering if you could give us your thoughts. what exactly are you responding ?o in the video gekko > >> sure. carl is one of the best investors of all time, but as i wrote in the article, 15 minutes of lame, the article expresses my view of the video. i found little value in his video. his worries are all of our worries. the video is filled with hot progress see, including some of them in the portfolio holdings which has heavy concentration in deep calls. copper. are: but doug, these relatively new investments for carlicon, correct? -- icahn? >> that is corr

meantime goldman lowering the s&p start from 2100 to 2 0uz, cutting the earnings forecast as well. carl icahn releasing his full "danger ahead" video expressing worries about the economy and markets, take a listen. >> low rates by almost definition building bubbles, building real estate bubbles, building bubbles even in the art market, because the fed balance sheet has mush roomed from less than a trillion to over 4.5 trillion, which is a huge almost unbelievable move. and all that money crowds out the little guy, the middle class investor has nowhere to go with their money but into the market or even more concerning high-yield bonds that are very risky. >> an echo of what he already said. he covered a crowd in 15 minutes, covered carried interest, corporate taxes, your reaction? >> it makes a lot of good sense. i've been saying you have to avoid this high-yield market. it's where people have reached. people have reached on emerging market currencies. they're going to have to raise rates because the currency is falling apart. is he stating the obvious? no, he's stating what has been obv

carl icahn -- >> he lives in a bubble world. but, the single family home, the blackstone owned are not in a bubble. they got expensive re relative shat are not as far that much, i don't think that average home is in a bubble, it used to be a bubble. it was going to fall no matter. today something would have to happen to trigger a single family home to collapse in price. that would be either a raise in rates, but it could also be a decline in rates, if things stay like they are, a pretty good economy, not good, not bad, if rates go up all of a sudden, why would you buy an 8% mortgage. deidre: leave it there, "making money" next. >> marketing pullback from the cliff, but it was a disaster us quarter, and putin makes his move in syria, 3 i he is there o help the blood thirsty dictator that we want out. and. more leaked e-mails for hillary clinton, more signs that national security was put at risk by the main person in charge of safeguarding it, "making money" starts right now. charles: today's seesaw session saw a lot of quarter ending window dressing, the big today we were up 230 we came down,

's satya nadell and among others and dreamforce is not about the text force but music acts. foo fighters will be playing this year as well. carl >> we just played "ever long" and makes us want to go see the foo fighters. josh, thanks so much. that will be fun to watch. a lot of action over at the nasdaq today as we get a check on the biggest movers when "squawk alley" comes back. when a moment spontaneously turns romantic, why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term

s&p gave up the ghost, number one. then go back last week when carlnnounced the stake in freeport-mcmoran. that stock has now down a round trip back to the levels that effectively they were when that was announced. why? uncle carl can say all he wants with freeport and their balance sheet, but somebody has to buy their end product. to me, that's been the problem all along with what's going on in the markets. >> guy, it's evan. if you are an investment manager, a pension manager, endowment manager, you have to be sitting here going, how am i going to get my 7%, 8% annual return right now? with the treasury yielding a little over 2%, the 10 year and stocks in your view being relatively expensive, where in the world are they going to come close to getting that return today? if stocks come down, they are a relatively good value bet. >> that's been the argument, as well. we agreed to disagree on this. i'm not saying stocks are expensive. i'm not suggesting, when i say this, i'm not suggesting 2007, 2008 all over again. stocks, if you recall, it wasn't valu

carl hitting it right with the timing this time around. you look from the record high and the s is off by 12%. check out this chart. >> this shows the nasdaq forming a death ross. that's where you have the short-term averages moving back below the long-term average and tends to spoke investors in a big way. in the last month we've seen death cross formations for the s&p, the dow, the russell 2000. now you have the nasdaq added up and that makes the four horse men that starks to freak people out and nasdaq held on until yesterday. here's a statistic for you: since 1979 there's been 13 times when all four indexes traded in the death cross. in each case the market returns over the next month or week. however performances got better with the market up 75% of the time three months after these death crosses formed. so look out in the near term. maybe better news three months from now. >> well, maybe it's only a death cross for the short sellers because to the point, three out of every four times this happens the stock market goes up -- i was joking around about a month ago, maybe we s

s & p negative for september. >> bank of america shareholder meeting just getting underway. and good morning, kayla. >> good morning carl 50 odd shareholders from bank of america are present inside the bank's headquarters right now. ceo brian moynihanopening the meeting and we're just getting word right now that the vote has come in and that it has rejected the proposal. we'll wait to see exactly what the numbers are but certainly an interesting development on annishan issue that is very familiar and they voted in 2009 to be the ones to decide whether the ceo and chairman rolls would be the same. it's been this year-long cou controversy that resulted in the vote today. we've heard very vocal shareholders. they voiced their position that the board needs more oversight, not less. we'll see what this vote means for the bank of america and whether or not we see new blood infused. they have to resubmit their stress test boy ty the end of t month. back to you. >> all right. interesting. sort of a comment, guys, on the influence of these large pension funds as well. >> it's the black rocks and the van guards that are the sleep

s&p down 3%. germany, copper and oil all noticeably to the down side. this is since the fed meeting on thursday. carl back to you. >> bob pisani. >> let's get to rick santelli. >> if your a student of the markets, today is your day to really see much of what's going on. whether you like it or not or agree with it or not, many are calling it the deconstruction of the markets. some call it the japanfy kags of the markets. i'll give you a simple rundown. interest rates are moving lower, a variety of reasons, commodities, china. a huge export economy where the auto industry is key. lack of confidence to raise rates in the state. this is all coming together. all markets seem to be moving to about the same tune. let's go through it. third week in august, everything is kind of conquering. tens, the same time. let's look at bunds. on the 21st, that one little down blip. you see two-thirds of the way to the right side of that chart. that's 56 basis points. we're very close to that, which will take it all the way back to june 1st since the bund has been down here. here is how we can construct the deconstructio

s&p 500. the company rallied on reports they hired jpmorgan to help review its strategy as carl icahn built anstake in the firm. analyst predict a split on the business on the horizon based on the 12-month target price. analysts believe freeport could climb 69% from these levels. finally, the best performing stock in the nasdaq, liberty global, cable stock focused on latin america. caribbean rebounded from a recent low as investors shopped for bargains. analysts believe the stock could rise about 35% on solid financial results and m&a. offset by potential continued weakness in the chinian peso. you can get more on all these stories and other stocks to watch in the coming weeks 0 logging on to cnbc.com/pro. >> the best week since march 20th. >> it doesn't feel that way because the markets have two phases. one is for the first part of the year was bouncing around. talking s&p 500. somewhere between 2050, 2150, that range. a couple of weeks ago it dropped to 1950. it's been 1950. it's not super exciting in terms of a lot of, the volatility has been rangebound. >> we haven't had bond yields rallyi

carl right now. check out the major averages so far this year. the dow down about 10%. the s&p 500 off 8.5%. the nasdaq down half as much or 4%. so is this an early stage bear market? or a late stage bull market that's in correction? you're watching cnbc. "power lunch," first in business worldwide. proud of you, son. ge! a manufacturer. well that's why i dug this out for you. it's your grandpappy's hammer and he would have wanted you to have it. it meant a lot to him... yes, ge makes powerful machines. but i'll be writing the code that will allow those machines to share information with each other. i'll be changing the way the world works. (interrupting) you can't pick it up, can you? go ahead. he can't lift the hammer. it's okay though! you're going to change the world. >>> walmart is offering free grocery pickup for online orders this month. sales are down 26% year to date. down just very slightly today. yahoo shares rallying 3% after it announce they had would move forward with the spinoff of the alibaba stake. that is despite the irs declining to say that the spinoff is tax free. the tra

that twitter page named carl for the fog try and keep cool and cool off early hit later on in the afternoon and cleared away by noon time making way for temperatures in the '70's 80's near the water today. >> pam: with dr. upset and now saying next later inside look at the movie apartment color and a movie theater shooter/ "the sun gets on very low key he looks like he makes bush looked like the energizer bunny. republican front-runner donald trump turned on his closest rival planning. ben carson and then fell raging other candidates with rather snarky commons about carli feria looks capt. is back with more on the new levels of nastiness in the presidential race. running for governor nearly 50 years ago ronald reagan called it the 11th commandment of shall not speak ill of republicans and crowded presidential race sell trump taking the opposite half obviously nylon. "by humility year of the lord for his honor life a very big part of who i am a don't get that impression with. >> catherine: carson just a swipe at me. new cnn research survey trump's popularity all- time high among republicans carson the only rival in double digits trump also going after carly fer

s&p futures off by 10 and the nasdaq off by 21. >> danger warning from carl icahn in a new video set for release tomorrow. in the video produced by mr. icahn himself, he says the low interest rates have caused bubbles in art, interest rates and high yield bonds. the fallout for the market could be dramatic. >> it's like giving somebody medicine and this medicine is being given, given, given, we don't know what's going to happen. you don't know how bad the end of this will be. you do know when you did it a few years ago it caused catastrophe in '08. where do you draw the line here? >> in a separate telephone interview surrounding the video's release mr. icahn told me he's, quote, more hedged now than i have been in years. stocks could go down a lot more. the fed may have backed itself into a corner. they should have absolutely raised rates six months ago. mr. icahn also says donald trump is the outsider washington needs. the video's full release is tomorrow morning. >> how long has he been negative on the markets? >> he's been negative for a while. delivering alpha -- >> almost a year

s haazig madyun. >> reporter:a man shot to death early sunday morning here on 3500 block of ohio avenue in richmond has now been identified as 65-year- old carl roberts. richmond police investigators say so far, no motive, no suspects in the case. this is the city's 13-homicide in 2015. there were a total of 11- murders in 2014. in fact the city of richmond is currently in the midst of a spike in crime >>"just like in other cities there has been an up-tick in crime generally" we've had a 5% increase in property crime and a 20% increase in robberies" >> reporter:he says robbers are targeting people distracted by their cellphones in a couple hot spots in the city "they're taking place around the bart station" >> reporter:as for violent crime he says long standing fueds between gangs that cooled down in 2014 appears to be back heating up >>"you have your north side groups not getting along" >> reporter:lt. tan says add to that new california laws releasing non violent felons from prison and changing felony property crimes to misdemeanors and. >>"combination of everything" >> reporter:in richmond haaizq madyun kron 4 news. >> pam: today in walnut

the s&p is down about 4.5 and the nasdaq is down 31 points, once again the worst performer today, now at 4512. let's get to carl icahn's warning. scott wapner, scooping that story first thing this morning. >> hey, bill, thanks so much. so-called financial engineering, tax loopholes, stock buybacks and low interest rates causing bubbles in several asset classes drawing the ire of icahn in his video titled "danger ahead." >> the earnings that are being put out today, i think they're very suspect. when you have companies today, these are companies i short, selling at 30 times earnings, 28 times earnings, and have no net worth because they keep buying back stock, and yet analysts look at it, quarter to quarter, if your earnings went up for the quarter your stock goes jumping up. >> not just corporate america, he's criticizing icahn also taking a big shot at congress, which he calls dysfunctional, unable to get anything done. >> we need government to get out of this gridlock, to get out of the dysfunctionen. a quintessential example repatriati repatriation. everybody agrees it should be done. it's having a food figh

carl quintanilla, with michelle caruso-cabrera, sara and david are off today. look at the markets. quick trip down, some 82 points off of the dow. coming off the dow's best week since march. the sn about 5%. oil has lost a little ground, down almost a buck. >> here's our road map for the next 60 minutes on cnbc. markets to a certain extent in limbo ahead of the big fed meeting this week. mohamed el-erian will join us live momentarily with his take. and alibaba under pressure after barron's says the stock could fall another 50%. alibaba is fighting back. >>> and jpmorgan's chief asia marketing strategist will join us. >>> as simon said, we'll begin with the markets. after weak data from china over the weekend and as wall street braces for the fed decision this week what do investors need to know right now to protect themselves? joining us from allianz is mohamed el-erian. good morning to you. >> good morning. >> some people said with the mets and the jets, maybe mohamed's dark view might be lightened a bit. then i see you tweeting about the greek elections. what do you think? >> we are in the midst of the change of the volatility paradigm. all that means is that central banks ar

s, it was the first time it hit me. he he and his brother carl, had did civil rights cases including the landmark supreme court decision against ohio. again and again he fought for the powerless against the powerful, the same things he did as congressman. 1965, louis and carl stokes challenged the congressional map. during that time his brother carl was electedded mayor, and it became the largest city in america with a black mayor. the new map from the lawsuit i mentioned was ohio's first african-american majority district, and lou won that and represented the district in the house. 1993 became the first house in history to serve in it. he didn't serve it for glory for himself, but to expand opportunities not just for his own district in cleveland, so important to those of us who live in cleveland and who represent ohio, but used his position all over the country. he was immediately earned more and more beloved in the black communities of every city in community from mansfield to cincinnati to dayton to toledo and smaller cities. he gave those a