click, call or visit a store today. >> announcer: carnegie-mellon founded 118 years ago in the year 1900the man behind the university, and rue carnegie, he made his fortune in the steel industry, the campus right next to the university of pittsburgh, sits on 140 acres elrollment, 14,000, including graduate and undergraduate students famous and successful grads include andy warhol. actor ted danson, 20 nobel laureates and of course, david tepper ghxt we're here live with david tepper inside this brand new tepper quad, mr. tepper cutting the ribbon on it and steve weiss joining us now i want to ask you a question about the markets before we get to the football stuff. the 10-year, is there a reason why the rates are staying so low, other than the fact that the central banks are still engaged, or is there an underlying economic fear we need to think about >> i think you had, just a, i think it's what you said already, a little bit of rates being low around the world i think that it's sometime the two markets are a little bit disjointed so sometimes the bull market is a worrier and they, it's

it's been great having you that does it for us here at carnegie mellon. "power lunch" starts now >>> and tepper speaking with scott walker about the rally saying the stock market is in its late stages. so what do you do from here? >> a head of the fda sounding off on cnbc pointings finger at one manufacturer for fueling the teen vaping epidemic we'll tell you about the company. >>> and downgraded but still deadly, hurricane florence begins to pound the care cares we're live with the very latest. you "power lunch" starts right now. >>> i'm courtney reagan. stocks posting nicely at this hour major averages were high earlier, but backed off after president trump said there is no pressure to make a trade deal with china boeing helping to fuel the dow apple jumping. and microsoft hitting new all-time highs goldman trying to hold its longest losing streak ever, snap shares hitting a new all-time low. but amd rallying the stock trading above $30 for the first time since 2006. up more than 200% this year. >> i'm bill griffith this morning's market is rally petere

has meddled in more countries elections according to carnegie mellon mellon research than any other country in the world by far but on the other hand what exactly is russia accused of assuming assuming they did it which i haven't seen the evidence they're accused of hacking some e-mails that exposed the democratic party the d.n.c. colluded with hillary clinton to rig their own primary is there any greater act of democratization than proving that the u.s. rigs its own elections well if it's true you could imagine you know putin saying you're welcome. and it's also also if you want to look for outside meddling then you can look at christopher steele we can look at using g.p.s. then cryptically is really going to. cryptically donald trump said recently on the stump that america's allies are concerned about the release of these e-mails and text messages we can all speculate who those allies are i mean what i mean i ruin your interference by the same guy scott shane in february it writes it quite open a new york times yes at the new york times a russian american interferences in the elections ha

tepper school of business, at carnegie mellon university where he attended graduate school now here's wopner,

in august, researchers at carnegie mellon revealed software that accurately depicted not just facialbut weather patterns and flowers in bloom. it is not yet available to the public. with increasing availability comes increasing concern. on steroids. we don't know of the case yet where somebody has tried to use this to perpetrate a fraud or information warfare campaign, or for that matter, to really damage someone's reputation. but it is the danger that everybody is really afraid of. >> in a world where fakes are easy to create, authenticity becomes harder to deny. people could claim evidence against them is bogus. take videos can also be difficult to detect. researchers around the world and at the department of defense said they are working on ways to counter that. they have some popular -- some positive uses. voices voices to create for those who have lost theirs. applications that could either be considered good or bad, like the many deep fakes that exist solely to turn as many movies as possible and to nicolas cage movies. vonnie: you can read more about --p fake technology and mo

. >>> let's head over to scott wapner joining us from carnegie mellon in pittsburgh with a look at what'stion of "the half." >> thanks so much. we have a very special program today. we'll be live from here inside the brand new tepper quad. david tepper quad, that is, that's the home of his business school, his namesake business school it's really a brand new sparkling center of campus here at carnegie mellon university. $200 million more than 300,000 square feet. what is now the largest building on this campus, the center of campus in what the school and i think mr. tepper both hope is even more than that. a bridge to the business community, to entrepreneurs in the pittsburgh areas we'll spend a lot of time with david tepper remember, it was the call he made back in 2010 where we call the tepper rally because the s&p 500 is up more than 160% since david tepper came on cnbc and said the fed was likely going to get involved and that in his words everything was going to go up which as we all know it mostly has over the last eight years or so. we'll talk to him about that and we'll talk to hi

tom: you get high marks and i will also mention carnegie mellon, a tougher school for rigor in bringing in renewed wrath the maddox -- renewed mathematics. are we done with networking and getting back to a greater rigor in our graduate programs? glenn: rigor is important, but so was relevance. i would say networking is not about white wine and shrimp toasts, i would think it is andt bringing faculty students closer to solving real-world problems. tom: is the international expansion of american programs working? a number ofvogue years ago where everybody set up a pilot program. has that experiment worked or failed? glenn: we don't have campuses around the world, but we do have a lot of programs around the world. almost half of my students are not from the united states and i'm very proud of that. no serious, great school is anything but a global school. and that is not going to change. tom: what is the theory right now of mainline economics? chairman powell coming up with an important rate rise in september. the mystery of november and december into 2019. are we mandated by a phillips cu

the computer science program at carnegie mellon is one of the best in country.companies looking to recruit brainiacs for new fields of artificial intelligence, cutting edge medical research, possibly cyborg super-nerds who will no doubt revenge themselves on all of us for their painful high school experiences by crushing us between their synthetic mandibles. they are also good for business. >> waiter: here you go, guys. >> stewart: thank you. >> anthony: thank you. >> stewart: the googlers who are coming in are coming in at the very top of the food chain. and they are walking into brand new housing. they are making six figures, they are 23 years old. and, you know, i think the old-school, the people that have been here forever, are not happy about it. >> anthony: i mean, you know, it's going to be all pencil necks, like in 20 years. bad breeding stock. >> stewart: it's the problem of inclusion and exclusion, right? it's the american problem, that's what fitzgerald writes about in gatsby. who is included, who is excluded? who's allowed in, who isn't? >> anthony:

they are alumni's of prominent universities like carnegie mellon.s, we havene issue to have the vehicle be able to perceive what is going on. in other words, discernment whether you are looking at a person, a car, or telephone pole. that seems straightforward, and progressmade a lot of in the perceptive area. i believe this technology will be as revolutionary as things like a telephone were. it is more of a marathon than a sprint. i think we are number two in the race right now. david: will you have the wherewithal, resources to get their? time, the auto industry is under pressure, your stock price is down. it will take a lot of money. will you have the resources you need, do you need outside partners for capital? proud of our balance sheet. we have more liquidity than we did in the height before we went into the last downturn. we learned a lot from that. attractive,y is so there are investors that want to come in and we are open to that. but we don't have to do that prematurely or sell cheap, so to speak. we have the resources to get us through the

cooperates are desperate for innovation and almost all the young people out of stanford, m.i.t., carnegie melloning to startups. 70% to 80% are going there used to want to go to government in france or the big speaker price enterprise. now they are going to startups so they will have to partner in a way that they have never done before and they don't know how do it well so they are learning how to make investments and show enough love and not so much that they kill you. and design on a 50/50 strategic partnership with a company how do you design the future architecture for unmanned aircraft in this country so you are seeing the most progressive large companies say we know we're not moving fast enough, we have to do it differently. i think it is healthy that they are beginning to learn and i think the venture start jump world in technology is a great place to be. for your readers if you read this book, evalue jat staeight s as well. >> i think it was steve case said he thought silicon valley had peaked because the flow of capital is leaving that focused area of california and moving to other part

with the carnegie's and milligan's on - - carnegie mellon and you cannot run a country like that youthat overarching government to equitably redistribute that. have you seen that before? >> but they did not know who we were because all those people instead of just hoarding money with the transcontinental railroad and that created the most powerful and dynamic middle-class. to the pinnacle of the economic world and all the things that was necessary and to understand that they had a dream. and that is worthwhile to keep for the next generation. but my mother had very little in the way of education or anything. but was so desperate i should be successful but yet i was a terrible student. in fact i was known as the safety net. nobody had to worry about getting the lowest mark. [laughter] i was good for that. >> my mother worked as a domestic cleaning other people's houses two or three jobs at a time from house to house because she wanted to be self-sufficient. but she was really a spy to say what makes these people successful? >> she concluded they did not lot one - - watch a lot of tv b