let's start what the chicago fed president charles evans had to say. he said maybe fed should put off tapering based on things like today's jobs report which was not that encouraging. >> it was not that encouraging. the revisions were even worse. the market is fighting disbelief and bewilderment an confusion. market tells you today what equities have done. we have absolutely no idea we're we're going. number two, we can tell you one thing for sure this economy is not heating up like anybody thought it was. i've been in the camp about no taper. i believe the fed president is saying, we're data dependent. the data doesn't even tell me we have any strength in the economy to allow a taper. smart guys on wall street will tell me a $5 billion taper. that is not even a taper. that is what the markets are expecting, why you're seeing the 10 year push up towards the 3% level but the at same time stocks are recovering because they believe money will come into the market still. liz: jamie, esther george of the kansas city fed said, yes, there should be tapering.

that is according to charles evans who says the economy may not be strong enough by them. it surprised the markets last week by saying it would not reduce his prom. >>> jcpenney is getting a raise in money from a sale of stocks. jcpenney shares have taken a big hit this week on fears it could be facing a cash crisis. >>> if you think it's crazy to have to hit control, all the, delete to restart your computer, you are not alone. bill gates admits the idea was a mistake. he said he wanted a single button for that function, but they ended up using the old ibm keyboard design. >>> backlash against barilla, the controversial comments that has some people threatening to boycott the popular pasta company. millions who need assistance now. we appreciate you spending time with us tonight. >>> up next is the golden age of hollywood going golden but elsewhere. why l.a.'s mayor has declared a state of emergency for the entertainment industry there. next. >>> welcome back. the senate votes in a few minutes on a bill that could avert a government shutdown. these are live pictures right

we saw the pce this morning came in well below their expectations, charles evans spoke this morning,arly this morning about 7:30 talked about the dual mandate, talked about inflation targeting. you saw gold spike. i think going into the fourth quarter, the best play here is gold. >> there is no inflation. >> exactly. >> and i agree with you, brian. all week the fed was very dovish. four week job list. the labor market doesn't look awful. the data that comes out i think looks decent. the trade for me is you stay in the reacceleration of some type of an industrial move. so guy was talking about caterpillar, if you look at a lot of materials names if you look at miners we had a pmi flash china pmi, which basically is a read what we'll get end of the month. these numbers are as good as china has given in months. look at the reacceleration in urm, they are not give anything more stimulus they actually see strength. this is a sign to me, that real names that have real growth are places you can stay in. the internet stocks the chinese internet names are booming. and these are places you hav

if you go back over history, charles evans hughes had been the secretary of state and earl warren had been governor of california. there were lots of justices that had a significant amount of political experience. used to be thought valuable because lots of the things -- well, for two reasons. what of the things that the court does involves helping or arranging the political system. and it helps to know how does system actually works if you are going to be intervening at some particular point. in the second thing is it used to be to go with political experience that had a kind of interaction of personal ways that pushed for the compromise and accommodation that i just had this saying that to go along you have to get along. that's what we used to do in politics. so i used to make a point of the loss that the court was experiencing in a draft of the book, which the draft was written for the 2000 elections, i'm sorry, the 2012 elections. i listed some potential in nominees, not included politicians as possible nominees. one of whom was, and this is i think relevant to them. the candidate

that's according to charles evans who said the economy may not be strong enough before then. last week the fed surprised the public by not withdrawing it's bond buying program because of concerns of recovery. jc penny is getting a an infusion of money. it will raise a billion dollars in a stock sale. it will have $200 million less than it estimated last month. that is a concern for investors. jc penny shares plunged and lost a third of their value this week on fears the firm could be facing a cash crisis. in sports, not a dry eye at yankee stadium last night. ross will explain why in just a bit. faultlines investigates the epidemic of overcrowding in women's prisons. >> the system is setup to do exactly what it's doing - to break people and to keep them broken. >> we want to get back to our discussion on the healthcare affordable healthcare act. and earlier in the program we were talking about the young millennial, the young invisibl invisibles. they can get health insurance cheaply right now. what is in it for them to get help here through the affordable care act and the hea

and just a few weeks ago, you may cast your mind back to what charles evans said.nomy to reduce the flow of bond purchases. but james bullard, who has been a bit of a wild card on the fed board, he told cnbc at jackson hole that he didn't think there was a rush to taper and that policymakers should take their time. that was consistent with what he told us hoping to see more trenched inflation before tapering began. one member sure to be voting for tapering is the kansas city tt esther george. she's called asset purchases to be reduced by around $7 billion a month. and the head of the boston fed, eric rosengren, he's in favor of tapering, but only in small amounts. the woman in the headlines at the moment, janet yellen she's been keeping a very low profile since she became one of the front runners to take over the chair from ben bernanke. ross, there's been a lot of markets up following the individual comments from the fomc members. but it all comes down to today. >> yeah. absolutely. thanks for that. the chat out of the fed minutes has been fairly quiet. cnbc will

justices with significant experience in high levels of national politics if you go back over history charles evan hughes had been secretary of state and a presidential candidate. earl warren had been governor of california. there were lots of justices who had significant amount of political experience and that used to be thought valuable because lots of the things that the court -- for two reasons. one, lots of the things the court does involves arranging the political system and it helps to know how the system actually works if you are going to be intervening at some particular point. the second thing is that used to be thought that people with political experience had a kind of personal -- interact in personal ways that would push courts to compromise and accommodation. i guess to go -- you have to get along to go along. i used to make a point the loss that the court was experiencing by not having these type of politicians on it and in a draft of the book and the draft was written before the 2012 elections, i listed some potential nominees that included politicians as possible nominees one of w

he did not like charles evans it was very unlikely he would have ever supported hughes. helen was so sensitive to any variation that she interpreted this warning as a threat that he might support the soon-to-be governor of new york. >> what was the election like? how did it all turn out? >> they held on to the house and senate in 1906they suffered some losses. basically, taft came out of it he would get-runner. a first ballot nomination in 1908. >> how much did he win by? >> in the general election? he beat william jennings bryant 361 -- i forget offhand. it was a pretty decisive it was not as big as roosevelt over alton parker in 1904, butit was big enough for all practical purposes. bryant carried the south. taft did very well. >> there are several parts of the story, things did not often break very well for her. one of those was inaugurationday itself. there was a blizzard. it made the ceremony go indoors. that was ronald reagan's inauguration as well. we have a video about the inauguration. >> march 4, 1909, mrs. taft got to realize her dream that she became the firs

if you go back over history, charles evans hughes, secretary of state, and a presidential candidate, earl warren had been governor of california. the laws -- there were lots of justices who have significant amount of political experience, and that used to be thought valuable because lots of the things that the court -- two reasons. one, bots other things the courts -- the court does involve helping or arranging the political system, and it helps to know how the system actually works if you're going to be intervening at some particular point. the second thing is, it used to be such that the political experience and the kind of personal interaction personal ways that would push courts towards compromise and accommodation. you know, i guess sam rayburn had this line, to go along you have to get along. that's what politics used to do. i used to make a point out, the loss the court would experience by not having these type of politicians on it. and in a draft of the book, which the draft was written before the 2008 elections, sort, the 2012 elections, i listed some potential nominees and

liz: their reporting charles evans comments of fed money printing that he would still be open mindingens remains to be seen, stuart. stuart: president putin of russia has said that a conflict in syria would have a bad impact on the global economy. that is what the world leaders are discussing right now, they're discussing the state of the global economy. that could be one more factor that has pushed the dow down. now down exactly 100, 96 points, let's say down 100 as a president is about to start this news conference. we got the two-minute warning four minutes ago. the president has not yet appeared, but he will. i want to recap the market. i want to recap the jobless numbers for you as well, that may come up in the news conference we are about to see. the unemployment rate went down 7.3%, the lowest rate since december 2008. why did it go down? because the labor force shrank 300,000 people. the smaller the labor force, creating some new jobs, unemployment rate comes down. and now this. vladimir putin says he will continue arms sales to syria even if there is a strike. i think preside

he did not like charles evans hughes.elen was so sensitive to any variation that she interpreted hes warning as a threat that might support the soon-to-be governor of new york. >> what was the election like? >> they held on to the house and senate. they suffered some losses. taft came out of it as the front-runner. >> how much did he win by? the general election? he beat william jennings bryant 361--- i forget offhand. it was a pretty decisive victory. it was big enough for all practical purses -- purposes. bryant carried the south. taft did very well. >> there are very -- there are several parts of the story, things did not often break very well for her. -- of those was inaugural inauguration day. there was a blizzard. it made the ceremony go indoors. we have a video about the inauguration. 1909, mrs. taft got to realize her dream that she became the first lady to ride back from the capital to the white house with her husband. these are some of the souvenirs from the inauguration. these are a couple of programs from the

federal reserve president to speak today on the docket charles evans, williams dudley and boston's eric. blackberry is out with their earnings today at last. >> can those fed presidents stop speaking? they're not helping the market. >> i'm with you on that. >> and you can see this morning this is how we're shaping up on the back port. let's get back out to todd horwitz. todd, we have more fed speakerers as we just outlined. how volatile is this for the markets when they have this question mark hanging out there for investors? >> well, you know, i think the biggest problem here is the uncertainty that the fed is creating right now by not tap tapering. i think it's created more uncertainty. i think they don't know how to get out of this mess. so this could cause the market to sell off as more of these fed governors talk and as the uncertainty of what they're going to do in the future. i think it's going to have the reverse effect. >> when do you think tapering is actually going to happen? >> want, i don't know that they can ever taper. i think what they've done is put themselves in such a

evan williams. all of the ones who put them on air early on. connell: are you on twitter? chief investment officer of cumberland advisers, charles dean with us.harles: i blame you. connell: you had no profile picture. dagen: a robot. >> we learn from facebook? what is your take? >> we will find that out. facebook heard people who bougha score card of winners and losers and the losers are big losers, winners are big winners and facebook is the round trip that broke everybody's heart. where is twitter going to go? i think twitter is very popular. a lot of people use it, serves up purpose of why expect this will be a successful offering and investors will cash out. dagen: robert said half a billion users but i thought it was closer to $300 million. charles: i was surprised how large was. i don't know how they are monetizing it. how are they moneta rising these eyeballs? i think it is going to be a, quote, successful ipo for the company. whatever they want to raise the race for the investor, you can go to facebook, or linkedin, go public, 6% of your shares, let the stock pot on the first day, you got gypped by goldman sachs and later on when the