. >>> later, we'll get art cashin, his takes on the market right now. for its best two-day rally since march. we have a lot more "squawk on the street" straight ahead - oh, the stock market is doing that fun thing again. m the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing. - oh, the stock market is doing that fun thing again. news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing. >>> welcome back to "squawk on the street." i'm david faber at the conference joined by starboard ceo jeff smith. you've been busy this morning. >> it's been fun it's nice to be busy again. >> when you and i do this every year, thankfully, always happy to have you, the sound picks up, but with we can ge

defend him, anybody who works in the white house for a particular time, and a physician," unquote, cashin all of a sudden prominent figure who can deliver speeches, i think that's perfectly finet but i don't know t how he is taking haadvantage of his white housewh services any different than you taking event is an advantage of your white house service in a capitalistic american way. >> i guess my point is that steve human without an ideology and there's an old philosophy book that i read when i was a freshman, man without qualities is qualities without man and steve, he sensually has no other purpose in life but to be rich and he could care less about policy, the welfare of the people. >> i sing about, there are two people if they never darken the door the white house trump would probably still be there and he's of them but the bigger problem was that set wall street transaction you have to kind of scripture have festive wife their head of goldman sacks gary would go with goldman sachs being one of the most prominent weapons to offshore american jobs, clearly put in charge of economic pol

. >> and made millions >> one case in point, art cashin himself who came really out of high school.versity was the floor and the bars around the new york stock exchange only one man who has a single chapter devoted to him and him alone. >> is bobby vanns in your book >> i spent many, many years across the street with art at bobby vans the lunch club closed in 2006 when the nyc went public they closed it as a cost-saving measure and art and his friends, we called them the friends of fermentation, decamped, across the street to bobby vans and have been there ever since and bobby vans just closed a few weeks ago. >> that's sad. i'm going to steal that line, friends of fermentation. if somebody comes up to you and says, bob, i need investing advice, i know you're not going to recommend stocks, but if you have one lesson you've learned in 25 years about investing, what is it >> first, the average person is best served staying in low-cost index funds. secondly, don't ever try to time the market don't ever think you know to go in and when to go out, because the academic is, you don't stay

a buddy that's being asked me is that all of our timely has been doing door talk by telling mike cashin yes. our tuition center and i'll be honest with you. oh, we don't know. we are shocked. but how? because it's a very tragic tried to take action that the say sadly. and we didn't expect that your mom might cause in when she go to the center for. ready name or having a taste brainer versus this and suddenly off that one ever. we have her body. it's shocking for us. and why do you think this school in this particular area dashed about? she and weston cobble was targeted in that she mostly has it new city minority lives here and i, it's almost in the mines are in a to man's they have an attack on this area because how has minority and she he's in here, the line is a bit distorted that but by her and let me ask you another question because hopefully the line will, it will hold up. and of course, this is mainly as are she a part of cobble? this is a community that has historically faced persecution. afghanistan, is it, is it getting worse to something changed in the last year? yeah, becaus

. >> we are joined by art cashin ubs director of floor operations on the news line art, you've kept aliveut there of sale on hash hosh shana on i don'tyom kippur if you sold, a quick 3% drop we're kind of in the zone right now of where the market did close the day before rosh hashanah wrchlt does it set us up you point out there coincides with a lot of important seasonal and technical stuff that happens right now outside of the religious objectives. >> historically it fits in with things like the crop cycle -- not to bore the viewers, but the panic of 1907 caused by the crop cycle. money going out for harvest. you've got to bring the wheat into the city, so you write a check for a couple of million dollars to bring the wheat in to make flour out of it that drains money out of the city banks and puts it into the country banks. that was supposed to get solved by the federal reserve apparently nothing has gotten solved by the federal reserve. so far it looks like piety was not particularly profitable this year, but we'll have to give it one more day to be totally clear and see what comes of

. >> yes with art cashin, which is my favorite chapter. >> that's great. we'll see you tonight.0 p.m. eastern time. >>> when we come back, morgan stanley, the aforementioned u.s. equity strategy mike wilson on his note today don't go anywhere. - oh, the stock market is doing that fun thing again. news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing. ♪ icy hot pro. ♪ ice works fast... to freeze your pain and your doubt. ♪ heat makes it last. so you'll never sit this one out. icy hot pro with 2 max-strength pain relievers. i traded my taxicab for a food truck and a dream. so you'll never sit this one out. i'm larry villalobos, owner of cachapas y mas, bringing venezuelan flavors to new york. people love our yoyos and cachapas. we've become a foodie destination. larry doesn't just create mouthwatering dishes; he creates opportunities. small businesses like larry's open doors for neighborhoo