. >> charles schwab has given $2 million this year to the republican party. we hope that he uses his influence to speak out and not continue to fund a parting -- party that is disrespecting women. charles schwab says we respect every american's right to have their opinions. i -- our contributions are vea ck t are happening we std by syy right now.>> reporter: marriott employees like this woman who has been a housekeeper for 12 years are angry. >> my family is offended. i don't have any benefits. >> reporter: these workers have been without a contract since august 15 after two months of negotiation. they want a livable wage, job security and safer working conditions. talks have gone nowhere. we are asking for significant raises. we want people to be able to work full-time and still be able to be able -- still be able to provide for their families. >> this worker from the hilton came over to show his support. >> we put a couple things on the table. we have to resort to this. we have to be heard. >> reporter: a spokesperson had this to say. >> we are disappointe

there were some people protesting outside there outside of charles schwab. he's a big donor to the gop? >> reporter: yeah, that's right. that small group, they're obviously unhappy with this confirmation process for brett kavanaugh as scott furrowthorou detailed there. this is what they were calling a silent demonstration about everything they're doing with the brett kavanaugh confirmation process. as you pointed out, charles schwab is a big-time donor to the gop, but i want to point out there is no proof of him actually endorsing brett kavanaugh or his stance on brett kavanaugh. i want to tell you, and show you guys what these protesters said about this confirmation process specifically saying that the fbi investigation may have been too rushed. >> i feel that they are promoting a partisan attacking culture where the truth is completely disregarded, and it's just teams. >> feeling nervous because we don't know what the senators are going to read into it and feel and what their deciding vote will be. it's very, very nerve-racking time. >> reporter: now, we d

head of robo advisory from charles schwab. he's senior vice president from digital advising. he has put together a crack team of engineers who are teaching computer how to invest. schwab is not the only one in the game. they're competing for the same space. i'm going to put tobin in an awkward spot. either his computers are better than a schwab brokers and i don't need a broker or his computers are better. good morning to you. which one is it? >> good morning. robo advice is technology enabled investment advice. it actually expands advice to a much wider audience than we had before. get a great portfolio, we manage it for them, answer a few questions online. the algorithm looks at hundreds of thousands of accounts a day. >> is it going to be wealthier people that use brokers and entry level people that use robo advisors? >> we see this appealing to a wide audience. half are over the age of 50. >> you see my problem here? >> yes. >> if robo advising is as good as brokers, why do you need brokers? >> robo advising helps automate things brokers have done. our portfolios are still

our chairman's political activities are his own and separate from the charles schwab corporation and subsidiaries. >>> accusing a russian intelligence unit of new cybercrimes. the justice department unsealed a 41-page grand jury indictment that charges seven gru intelligence officer. they're accused of hacking into computers associated with 250 athletes and anti-doping sports organizations. >> russia cheated. they cheated. they got caught. they were banned from the olympics. they were mad, and they retaliated. and in retaliating, they broke the law. >> the indictment also accuses the russians of hacking organizations investigating russia's use of chemical weapons. the charges include computer hacking, wire fraud, aggravated identity theft and moneylaundering. >>> now to the latest on the ricin scare. the fbi arrested the man they say mailed envelopes that were initially believed to contain the deadly poison to the pentagon and the white house. >> nobody was injured by the potential threat is being taken seriously. marci gonzalez with the latest developments. >> this suspect now under

fixed income strategist to charles schwab joins us now.hat is the biggest risk today in fed minutes? >> ella guess the town would be more hawkish than anticipated. we heard a hawkish tone coming out. various comments have been going around saying things like they may go beyond neutral or we are a long way from neutral. even more hawkish, i would think that could affect the bond market. vonnie: the president's, some the fed constantly, are they just noise? the categoryhem in of noise. i am sure it is not terribly well appreciated, getting public criticism. on the other hand, they are able to compartmentalize and push that away. guy: will the fomc give any hints it believes trade tensions are inflationary? yields wasmove up in a real yield moves. change the game. >> i think they are more focused in terms of inflation on the labor market and potential for the tightness in labor markets to drive up wages that way. they expressed concerns about tariffs but it is a double-edged sir -- sort. it also diminishes growth. i think if they are able to

with recent volatility in the market and october selloff, it's a good time to talk to the ceo of charles schwabn where the schwab impact conference is under way. sharon epperson is there and joins with us the president and ceo. >> hey, carl walt bettinger is the ceo of schwab and we are at the schwab impact conference. this is the largest annual gathering of independent advisers in the united states. 5,000 people are here and a lot of them are talking about what we have seen in this market and the volatility we've seen, what impact it had on its clients and what they're doing as advisers walt, what are they telling you and what is happening with the clients and what are they doing with their money at schwabb? >> first, let me thank you cnbc for being at our impact conference again you have such a wonderful footprint here and we're grateful so what's interesting is that over most of the last six months, our investor clients, including those working with independent advisers, have been moving money out of the market now, largely because they're simply rebalancing back to the portfolio that made s

jeffrey kleintop from charles schwab. and let's check in on first word news.n turkey, andrew brunson has been freed after two years of detention in a case that strained ties between the two nations. he was convicted on charges relating to the coup attempt, but was freed on time served. the u.s. imposed sanctions on turkey over that matter and it rocked of the turkish lira. we will be live in is double, shortly. and secure steve mnuchin has been told that china is not manipulating the want. president trump has pressured steve mnuchin to declare them a currency manipulator, but the staff has not found grounds to do so. if steve mnuchin agrees, that whatever in escalation of the trade war. this as the imf says that the won is fairly valued. and rising to a record $34 billion last month, despite the trump. administration tariffs exports increased 13% in washington and beijing have put the tariffs on billions of dollars of goods, china may have rushed out existing orders for all the u.s. tariffs to the effect. and the disappearance of the saudi journalist is prompt

charles schwab is proud to support more independent financial advisors and their clients than anyonedyourindependentadvisor.com something is transforming and our world.. it's the longevity economy - americans 50+ driving 7.6 trillion dollars... of economic activity every year. right before our eyes, aging is unleashing exponential growth... ...in every industry. are you ready? we are. a-a-r-p is teaming up with business leaders and innovators... ...sparking new ideas and real solutions. so, what are you waiting for? >>> welcome back legendary investor lee cooperman is with us tomorrow for the full hour we will talk about the markets, where the investor is putting money to work. he may not be managing outside money. he is still very much in the game he will give you clues to look for the best opportunities in what are sure to become uncertain markets. all right. let's answer your questions now, first up, joe, this is for you, what is joe terranova doing with his oldings? it has just gone south he said it hits $17 range, he will sell. >> we disclosed it last week i sold out of the posi

. >> charles schwab is a look-time donor to the democratic party. they are calling the confirmation process a sham. >> i feel that three are promoting a partisan, attacking culture where the truth is completely disregarded and it's just teams. >> schwab had no immediate comment. activists are gearing up for a large vigil in palo alto where christine blasey ford lives and works. law professors across the country, including more than 100 from the bay area have signed a letter imploring the senate not to confirm judge kavanaugh to the supreme court. >> his behavior was eye-opening. and that's what this letter is about. there is a panic amongst people who study, care about and watch the judiciary closely. >> the number of signatures, 2,400 and counting. nbc bay area's sam brock sat down with two of the professors in san francisco to learn about why they joined this effort. that's coming up at 6:30. >>> evidence of spying. a new report that china may have secretly implanted a teeny chip on computers to infiltrate american countries. the chinese company,

what are the concerns that charles schwab customers have right now of the market?ncerns are not here on a daily basis. most of our clients are concerned of china and think about what is the trade war situation going to be. they tend to be concerned of what these corrections may mean for their portfolios or long-term objectives all those things are o f natural behavior changes that most of them have. what we tend to tell our clients is that focusing on our fundamentals and what drives the market which is the economy and which is corporate earnings and valuations and sentiments. when you think of the four components, all of them continue to be positive and constructive for the rest of the year this is a great opportunity for them to rebalance their restrategy and reassess their risks. this is probably a good sign for them to start thinking about whether or not they have the risk profile that they have. we tell them to use the opportunities and look for opportunities to reassess their strategies >> we used to say the weather in maine, if you don't like it, you better

about what to do and what not to so tonight we leave you with a piece of advice from the ceo of charles schwabostmptant thing in a time like this is either to do nothing, stick with your plan. or if thinge changed for you personally, update your plan and change your investment approach to reflect that. akt don't changes based on what the market happens to be doing today, tomorrow, last wk or nex week. that's a sure losing strategy. >> good advice. >> words to live by. that does it for usonht. i'm sue herera, thanks for joining us. >> i'm bill griffith. have a great evening. we'll see you tomorrow. >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, kovler foundation, pursuing solutions for america'neglected needs. >> wow. that is unbelievable >> [applause]

charles schwab is proud to support more independent financial advisors and their clients than anyoneisit findyourindependentadvisor.com rjs back back. production could be pulled from the 2019 time line it is on the 3.8%. it did get to $57.60 in early june and then it fell back to below 45 or so recently, so hence is recent jump off >>> stitch fix after mixed earnings yesterday they reported an earnings beat missed on revenue even though it's growing 25% and says fewer than expected active quarterly customers posted this a little light. speaking about the company's plans to expand into the u.k >> i think with the u.k. it is so important in the business of personalization to understand each client and understand what each client is looking for so that's lot of investment and localization of localizing stylists of bringing merchants and who are buying for brands that our clients in the u.k. will expect. all of that localization requires a little bit more work. we think it sets us up for greater success. >> on one hand while investors may be bullish they also think about on profits sayin

up into numbers up 1%, on charles schwab this morning, tensions rising between trump administrationnalist, the president is vowing to punish riyadh if kingdom is set to be implicated in the murder the saudi government threatening retaliation it is denying it had anything to do with it. fox news is confirming black box ceo fink pulled out of saudi arabia upcoming investment conference to take place next week reports also say that j.p. morgan ceo jamie dimon and blackstone group ceo schwarzman will not attend in light of this, stories coming up, this half an hour but first top story, right now, americans next un are into speculation who will replace nikki haley, as former when haven't advisory dina powell pulls name from consideration joining me a name that has also been bandied about former context senator vice presidential candidate lieberman. >> will you become new ambassador to the united nations. >> would i be surprised if i did. this is a rumor i can't tell whether anybody in white house is behind it but i can honestly tell you i haven't heard from anybody in the white house abo

that's why charles schwab is proud to support more independent financial advisors and their clients thannyone else. visit findyourindependentadvisor.com ♪ pick me up ♪ ♪ don't want to miss when you hit that high ♪ ♪ wake me up before you go. >>> hey there, live from the nasdaq market site in times square we have a big away show for you tonight. here is what's coming up >> announcer: netflix shares soared ever a a wild week. but the chart master says don't trust the bounce he will tell us why. plus -- industrials are getting crushed. >> no! >> chill out, dude, because mike khouw has a way to protect losses and chip stocks sinking and dan nathan says it's the tip of the

have seen individual retail investors move deeper into this market when you look at activity at charles schwab as well as data with regards to etf's. given an eye on short-term measures like the two-year treasuries as well as shorter-term treasury notes and you are seeing a lot more influence into those which does suggest people are moving to cash. vonnie: we have one technology bellwether left to come and that is facebook. will we will be talking about other issues for facebook? alex: we've got apple as well. it will be interesting to see how they are managing to sustain user growth, if at all. sometimes they're able to offset that with better advertising pricing. apple is on the hardware side. there on the flip side of amazon and alphabet. we are seeing apple push more into software and services and their meeting in between. the extent to which apple has been able to leverage their in-store base. vonnie: we will be asking questions to you. thanks to alex web. and to romaine bostick here in new york. he is our markets group. -- markets guru. here's courtney donohoe. >> we're tracking breaking

charles schwab is proud to support more independent financial advisors and their clients than anyone.com ♪ true feeling, it's a true feeling ♪ >>> good wednesday morning, welcome back to "squawk on the street." i'll carl quintinilla with sara eisen and david faber at the new york stock exchange. another 300 points on today's rally makes it the best couple days for february and the dow. a lot to watch today. >> our road map for the hour starts with stocks opening strong in what has been a rough october for the markets. the nasdaq and russell down 10%. is now the time to get in. >>> and today looks to be another good one the president weighs in on the moves in stocks and corporate earnings. >>> speaking of results, we have big gains, at least so far, for facebook and general motors. we'll bring you the numbers and analysis >>> we are breaking down three big stories this morning for you, starting with the last trading day of what has been a wild october ride for stocks the s&p is on pace for its worst monthly performance since going back to may, 2010. dow with a 6% drop for october and

near nearly 75% is trading in correction territory the chairman and ceo is live today from the charles schwabact conference in d.c welcome back good to see you again. >> great to be back. >> i want to get to your stock picks. i do want to get your view on where we are from somebody who does what you do how do you feel about the market right here >> people have been getting too optimistic there's a lot of bargains out there. >> is it the fed, the economy, a combination of both or something else >> i think people are worried rates will rise faster than people anticipated people are worried a recession is coming and they're getting out of stocks they think will suffer >> i think you've been a buyer of stocks on this pullback and what's been a crummy month the s&p is down 9% this month. >> it's been an extraordinarily crummy month all sectors seem to have gotten hit hard it's way, way overdone the momentum guys have gotten in the short sellers have gotten in anytime a company disappoints or gives slightly lower guidance, the stocks collapse, and i think that's where the opportunities are coming f

they gathered at the charles schwab building on main street. the company's founder is a long-time donor. this group couldn't say if schwab endorses judge kavanaugh's nomination. >> i feel they are promoting a partisan attacking poster, where the truth is completely disregarded and it's just teams. >> schwab had no immediate comment. on the peninsula activists areer going up for a large vigil in palo alto where christine blasey ford lives and works. this heat map shows where that #was being used. the most often nationwide. can you see the most concentrated dark and red blue area is in the bae area, the most active zone on the east coast using that as well a massive crime scene coast. yesterday a man opened fire on south carolina police, serving a warrant on a manult. one officer dienman is the father of the man police were trying to arrest. he opened fire on officers, then barricaded himself inside the house with his foster kids. they were not hurt. police arrested the gunman after a two-hour standoff the officer who died is name terrence karawa

charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com >>> i'm courtney ragan here's what's on the "power lunch" menu. the bulls are roaring as earnings beat. is it proof that higher revenues will offset the fear of higher rates. netflix on tap will they stream up profits or is a second quarter miss more than a blip? blackrock's larry fink says the desirability of housing may be about to drop. is he right? we'll ask the ceo of redfin. >>> and welcome to "power lunch. i'm melissa lee. stocks are in rally mode goldman sachs, united health and johnson & johnson all helping to boost sentiment. slightly off the session highs the dow is at 400 points 444 is a gain up more than 3/4 of a percent s&p 500 looking at the best day since march 26th that's up by almost 50 points. the nasdaq best day since march 26th up 180 points. up 2.4%. we are halfway through what has been a very volatile month so far let's check out where we stand. all three major indices are down by 3% or more. still the worst month for t

that's why charles schwab is proud to support more independent financial advisors and their clients thananyone else. visit findyourindependentadvisor.com just follow what he says and it'll help- sorry i have to take this. we're good. hi. uh no i need it right now, yeah... my life was narrated for me by others. their voices were forceful, emphatic, absolute. it had never occurred to me that my voice might be as strong as theirs. the most inspiring minds. the most compelling stories. download audible. and listen for a change. [inaudible] >> it is misguided anticipation that will be extremely detrimental do u.s. interests in the future of the united states, however, this regrettable self-imagined suspicion is spreading. liz: self-imagined suspicion, that was china's foreign minister in council on foreign relations where i was selected to participate in q&a session. u.s. is paranoid, china means no harm or threat and now fast-forward to today vice president mike pence blasting china putting our foreign adversary on notice as it concerns u.s. democracy. >> as president trump said last week, w

that's why charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com (clock ticking) (bell ringing) it's time. time for a new kind of cloud. the ibm cloud. the cloud that proactively protects your business from threats, instead of just reacting to them. that lets you modernize and move more of your apps without re-writing. that unlocks insights from all your data and puts it to work with ai. get a faster, more secure journey to the cloud. the ibm cloud. the cloud for smarter business. ♪ ♪ is it because so many go after it the same way, chasing after short-term returns? instead if getting caught up with the crowd, the investment managers at pgim take a long term view. uncovering opportunities for alpha across public and private markets, while anticipating unforeseen risk, has powered our rise to a top ten global asset manager. partner with pgim. the global investment management businesses of prudential financial, inc. >>> i'm contessa brewer. here is your news update this hour the u.s. ambassador to taiw

joining us, chief investment strategist at charles schwab, and global portfolio manager at blackrock. concerns about rising rates, perhaps too aggressive fed, china trade concerns which seem to come and go and effect our market here and there. what are you focused on and what do you think is going to bring the next few weeks >> on the rate front it's all well told about the backup and long end of the u.s., i think what's less discussed is the tightening liquidity pattern first couple years after they raised rates, we saw loosening conditions, they're now tightening we have less liquidity in an environment where global growth is slowing on the trade piece, one of the things unsettling for markets in the last couple of weeks is that actual companies are coming out and talking about the impact this is going to have, whether it is on profit margins, pricing, how they're going to react, pairing back. i think it contributes to volatility i think the earnings season will be very much about listening to companies talk about what is to come as opposed to focusing on earnings that already happe

. >> janet yellen spoke with steve liesman yesterday at the charles schwab impact conference in washingtonhe said more rate hikes are needed to keep the u.s. economy from overheating but is warning there's a risk the fed could tighten monetary policy too much she also spoke about the u.s. deficit calling it a manger problem adding that the national debt is on an unsustainable path she said if i had a magic wand i would raise taxes and cut retirement spending. the u.s. deficit rose 17% in fiscal 2018 to 779 billion following the new tax cuts passed by congress late last year yellen also spoke about tariffs saying she's concerned about the impact they could have on investment spending over the next year. but she only sees a small and temporary impact on inflation. yellen also defended the fed's independence against criticism from president trump she said she would do what jay powell is doing, keep calm and carry on back over to you >> frank, thank you very much for that we should say the ten-year rose a bit yesterday. it's back above the 3.1% level 3.14%. >>> turning to today's wall street a

charles schwab is proud to support more independent financial advisors and their clients than anyone es: they're still a few of them pouring in. ask payne. pa trish that 401(k)s i'm scared. listen, patricia, fear is natural emotion. easy to over come with couple things, facts and history. market hits air pockets from time to time. it will move into corrections, even bear markets but every single time we've seen the markets rally back to establish new all-time high levels. please, i think you will be okay with the 401(k). by the way the biggest mistake, folks since 2009. there is two of them. they sold everything which is nuts, or they stopped adding to retirement programs. that is how you pick the low. brenda wants to know, i believe a lot of this is due to midterm elections. what is your take on markets and politics? also conservative, wants to know, will the smoke clear before the midterms? he is doubtful about that i got to tell you, i think midterms concerns are a worry about this market. much they want to see the trump agenda continue. wants to avoid drama like impeachment news.

charles schwab is proud to support more independent financial advisors and their clients than anyone findyourindependentadvisor.com charles: all eyes on netflix. i'm not talking about the service but the company. we await quarterly earnings report, with preview of what is to expect from the streaming services susan li. susan, what will happen? >> we are expecting an estimates out there, predict 68 cents in terms of profits. profits are expected to double 130% plus, doubling from last year. what is moving stock but at the end of the today i they're looking for subscriber numbers. last quarter we missed by one million subscribers but hence the big move down for netflix share but they're up 75% this year. 650,000 adds in the u.s. but international is strong point now for netflix going forward. 4.35 million new subscribers if what they're looking for, miss on that, you see the stock fall. in terms of actual stock performance there are some concerns heading into the report card. we have morgan stanley being the latest investment bank to really cut their forecasts on the shares. morgan stan

charles schwab is proud to support more independent financial advisors and their clients than anyonependentadvisor.com mike and jen doyle? yeah. time for medicare, huh. i have no idea how we're going to get through this. follow me. choosing a plan can be super-complicated. but it doesn't have to be. unitedhealthcare can guide you through the confusion, with helpful people, tools and plans. including the only plans with the aarp name. well that wasn't so bad at all. that's how we like it. aarp medicare plans, from unitedhealthcare. >>> we talked earlier on the show about how christmas is 82 days away. >> 82 days >> mm-hmm. i got a sneak peek a nugget says that 48% of americans say if prices go up as a result of tariffs by 10% or more, they are willing to switch brands will they notice i don't know but if they do they say they will switch brands and a third more say they will buy american made products. >> exactly. >> yeah. >> let's talk about the markets. they have been losing team a little bit the dow did hit an all-time high they were on pace to close earlier and the markets are mot

charles schwab is proud to support more independent financial advisors and their clients than anyonelse. visit findyourindependentadvisor.com that's where i feel normal. having an annuity tells me my retirement is protected. learn more at retire your risk dot org. >>> welcome back to "fast money. while investors have been cashing in on new highs in the u.s. there's another major bull market run you might have missed bob pisani at the nyse to break it down. >> good to see you, japan's blue chip nikkei 225 stock average soared the highest level in almost 25 years. what's going on? first and most importantly, the domestic economy in japan is showing more signs of life and that's translating into higher corporate profits that's the number within story here you can see that in the performance of consumer names, domestic names, takar holdsing in beverages and mood and printing supplies up 5 a% in a month. family mart, the second largest convenient store franchise after 7-eleven up 20%. the soy sauce company is up 19%. the exporters. you have a stronger u.s. kpee and you have a weaker curre

charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com a new way to save on travel. now when you book a flight you unlock discounts on select hotels that you can use up until your trip starts. so whether you want to go out, stay in, or be in the middle of it all... add the perfect hotel when you're ready, and save. add on advantage. only with expedia. cheryl: the dow hitting all-time highs today. s&p higher as well. nasdaq still under pressure today. the market certainly reversed those losses earlier this morning. tech companies are leading the way. you have microsoft and apple, hitting new records today. joining me now, our very own, actually, stand by, let's go back to washington right now. mitch mcconnell, senate majority leader is taking to the microphone right now. >> obviously the democratic strategy here is to drag judge kavanaugh through the mud as long as they possibly can. as you have noticed, the goalposts keep getting moved every time we think we've responded to reasonable requests, a

charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. cheryl: i tell you go to commercial break the dow turns positive for a split second. that's what happened while we were showing you the advertising partners. the dow did go positive for a split second. we're down 16 right now. look, anything can happen. we have an hour 40 to go. this market clawed back from 162 to the downside. look at that chart. you want to stay with us for the next hour and 40 minutes of course. >>> for today's top story, nikki haley abruptly announcing her resignation four

charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com some things are good to know. like, where to find the cheapest gas in town. something else that's good to know? if you have medicare and medicaid, you may be able to get more benefits thru a humana medicare advantage plan. call the number on your screen now and speak to a licensed humana sales agent to see if you qualify. depending on the plan you choose, you could have your doctor, hospital and . . . . dental, vision and hearing aid coverage. an allowance for over-the-counter health care products. even home delivered meals after an in-patient hospital stay. so if you have medicare and medicaid, call a licensed humana sales agent now to request this free guide. and learn about plans that could give you more benefits. call now. ♪ liz: three minutes, from the closing bell. we are on the verge of history once again with the dow up 140 points. close to a new record. let me bring in my guest. he says fill up on your carbs. what does that mean, eme

there are online platforms as well as old school players like vanguard, charles schwab and fidelity and even more expensive ones. they have all expanded their digital services to include both investing as well as advice. >> a lot of digital tools out there. but what about if you want the human touch? >> reporter: i think with those who have more complicated situations or maybe someone who likes to rithm, they combine technology with people to help you out. the fees are reasonable up to a .5% annually in general. but if you wanted a dedicated adviser to provide more detailed and ongoing guidance or help you implement your plan, you may want to consulted with someone who is a fiduciary, who puts your best interests first, a cfp, a cpa who holds the personal financial specialists credential, a chartered financial analyst, or a financial planner who is a member of the national association of nfpa. i have help for you, jillonmoney.com, the three most important questions you need to ask a financial pro, happy world financial planning day! i did not send you a card, i'm sorry. >> okay. sorry a

that's why charles schwab is proud to support more independent financial advisors and their clients thanone else. visit findyourindependentadvisor.com >> i want you to look at a nasdaq, we are heading back down to loads of the session. what happened? the nasdaq had been hired by 61 points but now at 16. were swinging to the downside. we have regional financials bringing the index down but i want to check facebook, there in a little trouble. ge shares surging at this hour was the lights go out on the executive who had been tasked with bringing new energy to the industrial giant. it didn't happen. john flannery ousted after just 13 months. shares fell 51% since august 1, 2017 when he took over the reins of the conglomerate. today it's up six and half percent. investors have been disappointed with ms. after ms. on financial targets in a turnaround effort many criticized as moving too slowly. new problems were the final straw for the board and the latest management's shakeup for the one-time darling of the doubt. the man who has been chronicling the fall from grace, charlie is joining us wit

charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com charles: silicon valley corporate culture continues to disappoint a lot of people. we're talking about companies like amazon's, we know they have done their fair share of virtue signaling and put above all of us. turns out they have a lot to be desired. they're not the only ones. google has been accused of stifling conservative thought in the work place. amazon raised minimum wage, but warehouse workers dealing with horrendous conditions and perhaps took money from somewhere else. joining me now to discuss, vivek wadhwa, carnegie mellon university and silicon valley. are you surprised sort of now in this general epiphany in your world these are not the nicest people in the world, maybe all the fingerpointing, virtue signaling was certainly misplaced for the most part? >> actually i'm not surprised. i mean for the longest time i've been complaining about sexism in the valley, lack of ethics, corporate responsibility is foreign concept and wrote

great day to have in jeffrey kleintop from charles schwab we need your steady hand and steady voice we'resee it on social media, people are writing in, some of our viewers out there have had money in the market for a long time they've done well. i believe it's not unfair to say there's a sense of nervousness out there that we have not seen in years >> it's true i've been on the road a lot across the u.s. and i heard the same thing from individual investors. they're asking questions we see things like the news stories this morning, whether it's minor developments in trade tensions or the issues over the brexit negotiations or the italian budget drama or the fact that corporate share buybacks are limited now. we can use those to explain some of the volatility in the markets. but the background is this the markets are vulnerable to these things because economic growth globally is decelerating and likely headed into a peak sometime next year that's based on the indicator wes watch most closely that's why it's important for investors to rebalance portfolios, trim areas that have done well like

that's why charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com >>> a big sell-off on the street to dominic chu for market flash. >> nearly 70% of the new communications sector in the s&p 500 is in correction levels or worse. that's down 10% or more that's what some traders call it from the recent highs twitter is the worst performing stock, down more than 6% or so since late july. that stock is nearly 40% off the recent highs in june also worthy of note here, guys, techs meet the losses, mean that the sector overall, by the way, is now the second best performing sector in the s&p 500. best performing sector is now health care. so health care, technology, communications services, all very much on investor minds. back to you. >> thank you the dow hitting session lows this hour, falling 440 points. one bright spot, mcdonald's, higher on the back of a wall street call. guggenheim analyst matt defrisco upgraded the stock today, thinking the fast food chain's technological updates to the restaurants wil

at the charles schwab institutional conference where the advisors at schwab manage over a trillion dollarsed. they are worried because the long-term trend are down below their averages in stocks and bonds for the first time in a long period. they're not getting out of the market. they're staying in, but long-term indexes don't have all good stocks in them. they're shifting over to etfs more quality. for example, the qual, i-shares msci u.s. quality etf, all have stocks have earnings growth, low debt to equity ratios, solid stocks that have to pass muster in order to make it into the index. there is also lower duration on the bond etfs, that more advisors are going into. long duration is frankly really risky in a rising rate environment. liz: katherine, long the market what do you say that people follow you go where? >> emerging markets have been really beaten up in a severe way. there is strong valuations there. i'm expecting emerging market to outperform developed markets in 2019. i like financials, industrials, small caps. once we get past the midterm elections, whatever happens we'll ge

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charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com liz: s&p turning negative at this hour, the white house in battle mode at this hour as the new york times reports president trump and his father and family benefited from fraudulent tax schemes. the piece in the times has infuriated the president's supporters and has his detract ors saying told you so but blake burman, you said it's old news. >> yep and we asked the reporters sarah sanders the press secretary about this in the first briefing we've had in a few weeks one of the underlying themes with all of this is that the president has not released his personal tax returns, bucking presidential tradition sanders went on to say she's not aware of any plans for that to happen any time soon. this new york times story, this lengthy investigative story which it says cites confidential tax returns essentially claims the president and his family for years did not pay millions of dollars worth of taxes and in some cases engaged in as they put it out

that's why charles schwab is proud to support more independent financial advisors and their clients than. visit findyourindependentadvisor.com with pg&e in the sierras. and i'm an arborist since the onset of the drought, more than 129 million trees have died in california. pg&e prunes and removes over a million trees every year to ensure that hazardous trees can't impact power lines. and since the onset of the drought we've doubled our efforts. i grew up in the forests out in this area and honestly it's heartbreaking to see all these trees dying. what guides me is ensuring that the public is going to be safer and that these forests can be sustained and enjoyed by the community in the future. >>> welcome back to "fast money," been a tough month so far for the markets as some of america's most loved stocks got thrown out like a baby with the bath water bob pisani has all the details at the new york stock exchange hey, bob. >> hello, melissa. some real notable decliners. been a rough week and a half, particularly for a group of stocks known at high beta names. big dow decliners in that time

that's why charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com . . ♪ liz: want you to look at the dow jones transports. this encompasses everything from railroads to airports and you can see they are by far the worst performers as far as percentages concerned. down nearly 2%. why? flip it over to the radar. hurricane michael affecting airlines. a lot of airlines are shutting down flights already. saying tomorrow the panama city airport in florida will be shut down for the day as what is now a category two, expected to be category 3 hurricane michael heads straight toward the area. oil production is off-line. crude in the after-market. 74.87 cents as supply may go down on this news. >>> companies preparing to kick off the season for third quarter earnings this week. delta air lines, city group are just some of the companies report later this week. my next guest has three picks for three q for us. todd horowitz for the bubba show. give us a few picks. we have a few minutes. >> using a dating service

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charles schwab is proud to support more independent financial advisors and their clients than anyoneit findyourindependentadvisor.com because when you want to create an entirely new feeling, the difference between excellence and mastery, is all the difference in the world. introducing the all-new lexus es. a product of mastery. experience amazing at your lexus dealer. liz: we want to show you something eight months ago. that's president trump and saudi arabia's crown prince having a great time, smiling at the white house as they discussed strategic and economic ties. those ties now becoming frayed due to the saudi leader's suspected involvement in the murder of a columnist critical of the royal family's rule. those suspicions also straining the mideast nation's relationships with american business. joining us now, charlie gasparino. charlie? >> straining them, but not ending them. i mean, here's what we can report exclusively on fox business. despite what you heard on cnbc yesterday, remember they had david solomon, ceo of goldman sachs, oh, we're not sending anybody to the conferenc

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charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com i can do more to lower my a1c. because my body can still make its own insulin. i take trulicity once a week to activate my body to release its own insulin, like it's supposed to. trulicity is not insulin. it works 24/7. it comes in an easy-to-use pen. and i may even lose a little weight. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes, or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have symptoms of a serious allergic reaction, a lump or swelling in your neck or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases your low blood sugar risk. common side effects includ

that's why charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. trish: president trump scoring a major trade victory this week with a new deal between canada and mexico. the markets have been reacting by hitting, what do you know, new records. up 161 right now, we're looking at highs of the session. the president now tweeting today mexico, canada and the united states are a great partnership and will be a very formidable trading force. we will now, because all of this worked very well together. great spirit. "wall street journal" more skeptical about

by the way, these protesters are going to gather outside headquarters for charles schwab, who you might know is from atherton and one of the top donors to the republican party. in san jose -- in palo alto, kris sanchez, "today in the bay." >>> as we mentioned, we're keeping an eye on washington this morning. our coverage continues with scott mcgrew and his "checks & balances" segment coming up at 6:45. >>> 6:05 right now. new this morning a former cal professor who resigned after sexual harassment allegations is now reportedly suing the school. prominent professor nazir al sayed resigned last month. according to "the chronicle" a secret facility panel found he touched a student on the thigh improperly. he says regents went above and beyond the recommendation which advised one-year suspension. >>> 6:06. authorities in millbrae this morning revealing few details about a man who died yesterday after a violent confrontation with deputies. investigators certainly still have a lot to sort out here. it started when someone called 911 about a man walking on traffic on busy el camino real. the s

in that wide-ranging interview at the charles schwab impact conference, janet yellen urging her successory powell, to keep calm and carry on in the face of criticism from president trump. quote, when the president criticizes the fed, yellen said, i do worry it would undermine the legitimacy of the fed and its policies would be questioned the carry-on comment also applied to a recommendation on rates where yellen said the fed needs to raise rates at least to a neutral rateto stabilize the decline of the unemployment rate i'm worried we're headed for an economy that may overheat. those remarks, along with a strong jobs report this morning, payrolls grew by 227,000 in the month of october the street was looking for 180 september payroll revised down 12,000 to 218. we had good employment in goods and good employment in services across the board there's a nonfarm payroll of 188. economists degree with the general tenor that says the job market is strong but they're reluctant to pencil in stronger numbers for friday because the two reports handle hurricanes differently. weather job losses are m

charles schwab is proud to support more independent financial advisors and their clients than anyonendyourindependentadvisor.com the doctor's office just for a shot. but why go back there... when you can stay home with neulasta onpro? strong chemo can put you at risk of serious infection. in a key study neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. neulasta onpro is designed to deliver neulasta the day after chemo and is used by most patients today. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to it or neupogen (filgrastim). an incomplete dose could increase infection risk. ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. if you'd rather be home ask your doctor

activity also, kathy in florida asking us, regardless of the market sell-off, what is wrong with charles schwab's stock you can reach us on our website, cnbc.com/halftime. tweet us using #askhalftime. something is transforming and our world.. it's the longevity economy - americans 50+ driving 7.6 trillion dollars... of economic activity every year. right before our eyes, aging is unleashing exponential growth... ...in every industry. are you ready? we are. a-a-r-p is teaming up with business leaders and innovators... ...sparking new ideas and real solutions. so, what are you waiting for? unstopand it's strengthenedting place, the by xfi pods,gateway. which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. >>> all right, welcome back. the emerging markets, etf, the eem is down 10% this week. options traders, though, are seeing a rebound in sight. jon is here with unusual activity doc, what do you see >> maybe a bright spot at the end of the tunnel th

that's why charles schwab is proud to support more independent financial advisors and their clients thane. visit findyourindependentadvisor.com >>> welcome back chipotle soaring more than 50% this year. oppenheimer thinks the stock has gotten, quote, too spicy today they downgraded to sell. our call of the day. joe, take this >> i will. >> the stock is just -- >> it's a valuation story. sometimes i've traded it successfully, sometimes unsuccessfully, 447. last time i basically exited the stock -- >> they go to 400, oppenheimer. >> i don't want to bet against brian niccol or the digital transformation they're talking about. yes, i understand the momentum players have kind of left this stock right now but you still have bill akman working with mr. niccol i don't want to bet against mr. niccol >> what's betting against him. >> when you're calling for 400 when it was at 530 you're basically betting against the strategy he put into place because it's rallied 80% since he became ceo. >> another big mover, intel, jimmy, you know where i'm going. back to you. barclays goes to underweight, sell s