i'm as the guys are time not returned a conversation with david morgan, the morgan report. david, welcome back. max could be back, all right, less than i want to pick up on a comment you made the 1st segment, talking about j pals. recent testimony saying things are great, no problems. but look, we know that that's a lie, because if things were great, they would not be buying billions of dollars at the treasury's every, every day, every month they do it because things are not great. they don't do that because it's good for the economy. they do it as a measure to stop the inevitable, which is that all banks in america are technically installment. how does he get away with that live david? good afternoon, lessons. i don't know max, it's just like i said early, i'll just reiterate a little bit from the 1st. second, most people are too busy trying to earn living to understand what an interest rate does, what the purpose of it is, how it set it on a standard debt market didn't understand a corporate bond from the treasury bond. so most people are oblivious to the financial markets

do for this edition of kaiser report with may max kaiser and herbert want to thank our guest, david morgan, morgan report until next time via the me. ah, ah, the only one main thing is important for not as an internationally speaking, that is a nation's allowed to do anything. all the master races and then you have the mind, nations who are the slave, the americans, brock obama, and others have had a concept of american exceptionalism. international law exist as long as it serves the american interest. if it doesn't, it doesn't exist. i turning this russian enter this dangerous man wants to take over the world. that was a conscious strategy. so some of it on your own. i english v i v. i not leash too often on interpret loc nato to it's our we move east. the reason us hedge emory, it's dangerous, is the last, the sovereignty of other countries. the exceptionalism that america uses and its international war planning is one of the greatest threats to the populations of different nations. if nato, what is founded shareholders in the united states and elsewhere in large companies would lose mil

i'm at kaiser time now to go to david morgan of the morgan report. david morgan, welcome back. max. gotta say so. it's a pleasure, david morgan, we just mark the 50th anniversary of the next and shock when president nixon close the gold window, thus defaulting on us obligations 50 years later. what's your assessment of the consequences of that decision we're going in the jubilee. 7 seven's. remember christine guy talking about the magic number 7 and every 7 there's a shimmy. just 7 times 749. so great role over the 50 year were there is this it, i don't know, but i thought it through a bit of a curve ball and i'm not ruined. charlie being somewhat straight up about it and you can play the straight man. i think there's going to be the reset some time in the 50th anniversary. in other words, you've got a year ago or less markets and society and history tends to go and cycle, you know, you find cycles and they pop up over and over again. and we could very well be looking at of seismic chain certainly. and other cycle people talking about is the 4th turning. this is another historical p

morgan stanley says it is far enough, they talk about a 10% or even 20% correction. tom: that is david wilson from morgan stanley with a more irish view, but you saw that bit toward the end of the session yesterday which brought to the s&p back from those intraday lows we sell, and the futures pulling up a 5/10 of a percent right now. let's check on the markets for the up-to-date context. in asia, you have china closed for a national holiday, so bear in mind. the nikkei down sharply today, japan laying catch-up. msi i -- the msci asia pacific down. the crypto space is feeling the risk off mood as well, down more than 10%, bitcoin around the $42,000 level. the bloomberg dollar index is just a smidge lower, as you can see. that is being reflected across the fx space. manus: and a big note, they want to be long the dollar to em as a hedge. let's continue the fallout narrative and where we are. evergrande dominated the headlines and juliette saly has the latest. juliette: we are continuing to see evergrande trade at decade lows. also for the day down about 7%. we are looking ahead to thurs

a mystery and while you were going on your sabbatical, we had a terrific interview with david stubbs of jp morganho came out pounding the table on the technological change going on right now. that's adapting. jonathan: you've talked about adapting a lot. we are adapted do you on a daily basis. margins have held a big time. lisa: he is adapting big time. the margin story is interesting because we are seeing it hang in there as they pass along the price increases but especially when people see a decline in their income when it comes to the end of the enhanced employment then if it's. studies show they start to spend less. jonathan: just an update, new york's metropolitan transportation authority for commuter reels is largely suspended due to heavy rain and flooding across the region step that's according to the mta website this morning. tom: it's separate stations. it's about the system but if you have six stations damaged heavily, what does that do in the coming weeks? jonathan: they are asking people to avoid all unnecessary travel. through the morning on bloomberg tv and radio. coming up, brian

joining me now, david plouffe, former obama campaign manager and jason johnson, professor at morgan state university. david, you're the political guru, not me. i don't know everything about politics, david, but i do know that being the people on the side of covid strikes me as bad politics. are you surprised that republicans have seemed to embrace covid as the precious and trying to get it into every school building, cruise ship, job place, walmart, texaco, everywhere. they're trying to get it in everywhere. are you surprised that that turns out to be not so great politics? >> joy, sadly nothing surprises me anymore. but yeah, last night the recall is the first test post 2020 of how this may play out. and i know everybody says california is unique, the recall certainly is unique. i hope we never have another one. but if you look at what happened. out here they're called no party preference voters, but they're independents. about 90% of them, so the exit polls suggest newsom won them over 2-1. they believe they won over republicans in the bay area by over 20% and did very well down south.

morgan asset management chief lovell strategist david kelly. up in about 20 minutes, lisa shalett of morgan stanley wealth management cio. her words earlier in this week in a note of correction catalyzed by higher-than-expected inflation has arisen. a less constructive view from lisa shalett of morgan stanley. tom: jon and i are working on this every day. we get mcdonald's on 3rd avenue three times a week to frame out the differing views from that is dynamic. from the j.p. morgan optimism versus what we hear from morgan stanley. jonathan: that nutrition is really helpful. it helps us think. tom: it goes later so the cheeseburgers taken. jonathan: what you think of 2022 out like a lion -- in like a lion and out like a lamb? lisa: is that price did? we see a bit of a roll -- is that priced in? we see a bit of a rolloff. that is the ultimate question. this does increasingly become consensus. jonathan: yesterday was a really defensive rally. staples bomb utilities, health care. lisa: there were fundamental reasons. micron reporting disappointing ea

it is time to bring in david kelly of jp morgan, liz young of sofi, and john bellos, portfolio managertyler what i expect to see and hear today is four things so, first and foremost, i think chairman powell is going to stay vague about the timing because he wants to allow himself the flexibility to climb this wall of worry as eget through fall. i think the second thing we are going to hear is almost an exhaustive effort to decouple tapering from rate hikes that message is going to continue to be fed to us through everything that they say because what they don't want to happen is the expectation that as soon as tapering is over, that rate hikes are going to occur immediately afterwards i think they are going to continue to push that is not the case i also think we are going to see a movement in some of the projection force inflation i think in 2022, that projection likely goes up a little bit, which i'm not sure that the market is going to love that it could suggest that rate hikes are going the need to happen earlier. and then, lastly, in tandem with that, i think we do see some dots m

david: i think it was morgan stanley yesterday that revised their earnings forecast for the developers. for investors, would you advise them to wait out until the dust settles? >> i think for the property sector, our view is these equities, these bonds are supercheap. but we don't know whether the risk has completely receded, or even has been priced in fairly. so our view is for technical short-term, it can be very dangerous. in the long-term perspective, there is uncertainty with regard to the leveraged developers. this is a sector we would be very cautious about right now. rishaad: valuations are cheap, they are cheap for a reason. this overhang, of course. we are talking about an industry group that represents about 28% of gdp of china. it is hugely important. if you do get invested, how do you mitigate that risk? >> mitigating the risk of investing -- rishaad: if you wanted to go there for that instance. >> our preferred strategy right now, if you are interested in having some participation, investing in the broader index. the asia high-yield index, so that at least you are diversi

thing, here on a fox business exclusive and first to react is chief global strategist jp morgan asset management david kelly. i'm thrilled you're here i want that reaction which takes the temperature for those of you who do not know pretty much all the economic regions it was peppered with dozens of references of the covid variant what do they know that we have not that i hope that you do. >> i think it's a combination of information that's available that may not be reported widely but is available, few things going on there is a huge reduction in auto sales. gdp numbers are very sensitive to auto sales and there is no inventory there are not enough chips to make new cars and because inventory is extraordinary low and people no, that affixed gdp. that is being the consumption estimate installing out of travel in some parts of the country stalling out of reopening because of the delta variant. temporarily the economy is growing more slowly in the third quarter because of the delta variant. but that doesn't change the fact that this is our fourth covid wave, things will come down, the economy still reop

i'm david faber with morgan brennan and mike santoli carl and jim have this morning off. let's give you a look at futures as we g et ready to wrap up the trading week it the august jobs report reflecting worries about the delta variant outbreak non-farm payrolls were up last month well below street estimates of some 720,000 jobs being added. the unemployment rate was in line with expectations it fell to 5.2%. average hourly earnings up 4.3%. that is year-over-year you can take a look at the ten-year, and morgan, leisure, hospitality, it kraccounts far large chunk of this miss there were no job gains versus 415,000 in july, 397,000 in june there seem to be a lot of help wanted ads out in that area. the delta variant may have cut back in general sort of job growth as well, and that is a lot of the many hiss. >> which is notable given the fact that so much of this data was in the first half of the month as well, before delta picked up the pace in terms of the climb we saw as the month continued to unfold, you had the hurricane impacts, weather impacts towards the end of the

david: the absence of haven bids, the morgan family came out with two levels to watch here a couple weeks back. one was just below 1%, the other was just below 1.4%. they are seeing triggers that essentially might mean more selling and higher yields ahead. on the bank of england, that is the other story, really. may be november, but pricing is more towards february or march next year, rate markets essentially scramble to price in all the commentary out of the bank of england. yvonne: talking about fed expectations later on. let's bring in kathleen hays. norway hiked its key rate while the pbo we said you have two economic stories going on, and yet, one conclusion. time to withdraw the stimulus. why now? kathleen: it is a similar story and somewhat different, absolutely, because in norway, this oil-rich country has had plenty of resources to help push back against the impact of a pandemic. the economy is in a nice recovery now, and the head of the norway central bank gave this explanation earlier today of why they moved. >> given the normalization of the economy, it is appropriate to staun

i'm carl quintanilla with morgan brennan and david faber live at post nine. hawkish fed, past some of the evergrande headlines the s&p back above the 50-day moving average. >> what a week so far. we are 30 minutes into the trading session. here are the three movers we're watching darden, one of the biggest gainers on the s&p 500, after strong first quarter results, the company raising its 2022 outlook. see the shares are up more than 8% restaurant tech company toast is in the red after popping more than 50% in its debut yesterday here at the stock exchange it is down about 3.5%, above the $40 ipo price. finally, watch delta douwngraded to hold. it's not hurting the stock della airplanes up 1.5%. we will discuss the travel landscape with expedia ceo peter kern later this hour >> all right turning to the fed as well, indicating that rate hike could be coming perhaps sooner than some expected. steve liesman has a recap for us nothing gets by him. whatever was said was expected by you, steve. >> i think that's right, david carl called it hawkish and i don't want

i'm david faber with morgan brennan and mike santoli carl and jim have this morning off.as we g et ready to wrap up the trading week it the august jobs report reflecting worries about the delta variant ou

i'm carl quintanilla with morgan brennan and david faber live at post nine.it here dow up pretty well, up 220 the s&p negative nasdaq, too, as we are getting the impact of some higher yields on some technology names. >> we're 30 minutes into the trading session. here are three of the big movers we're watching this morning. occidental petroleum higher this morning, one of the top gainers as brent crude hits its highest level since 2018 best buy shares are seeing green after being named a top idea of piper sandler. you can see those shares up 4.5% keep an eye as carl mentioned on treasuries the 10-year yield topping briefly 1.5% this morning. it's back at 1.477 that's as investors continue to weigh inflation fears, potential government shutdown this week, the two-year and five-year at highs we have not seen since early 2020 >> we're going to turn back to the markets starting off mixed as we close out the month and the quarter this week. let's bring in bob doll, cross market global investment officer. always good to check in with you. good monday morning. >> you

i'm carl carl with morgan brennan and david faber like at post 9 of the new york stock exchange futurest just briefly. dow is up 78 points as we try to avoid extending the three-day loss for the dow and s&p. >> 30 minutes into the trading session, three of the big movers this morning chinese video game company net ease under pressure today after chinese regulators called them in for interviews and reminded them of restriction on game time limits for children. the stock is down around 20% over the last three months down another 2% today in trading. plus, boston beer shares fizzling after financial guidance in part to weaker than expected seltzer sales shares down 7% right now. lululemon leading retailers high topping earnings estimates higher those shares up 12%, david. >> yeah, nice move in lulu thank you. >>> we are also keeping an eye on the airlines. they are warning of some slowing revenue of course as the delta variant continues to hinder travel phil lebeau has that story for us phil >> david, this is confirmation of what we talked about the last three or four weeks. all of the air

i'm carl quintanilla with morgan brenner and david faber.ury secretary yellen will testify before house financial services committee we're taking you there live as soon as q&a begins dumping up once again at 4380 down a touch from the opening highs as we close out september and q3 >> we're 30 minutes into the trading session. here are three of the big movers carmax the nation's biggest used car retailer topping revenue projections, missing on earnings estimates. preowned car sales rising 6.2%, less than 7.3% expected. shares down about 10% right now. shares of bed, bath & beyond plunging as well after the retailers results missed on the top and bottom lines and also cutting its forecast citing supply chain problems and higher costs. shares are down 25% right now. but we're going to end with a name in the green, virgin galactic surging after the faa cleared the space tourism company to return to flight after completing a mishap investigation into the july mission that carried richard branson that veered out of designated air space less than t

i'm carl quintanilla with morgan brennan and david faber.ande rolling markets around the world as asia closed, hong kong down, the dow down 17. housing data this hour let's check in with diana olick. >> carl, builder sentiment rose 1 point to 76 on the national association of home builders wells fargo index. that's a slight beat and the first gain in three months the street was looking for unchanged. sentiment stood at 83 in september of last year and then set a record high of 90 last november it dropped off when lumber prices spiked and supply chain issues hampered construction price of lumber is down to quarter of its record high from last april and builders say delivery times remain extended and the chronic construction labor shortage is expected to persist. if the index is three components, current sales conditions rose to 82, buyer traffic increased to 61 and sales expectations in the next six months steady at 81. regionally on a three month average sentiment down everywhere except in the midwest, that, of course, is where housing is mo

morgan and russia. william davidson in nairobi. and in washington, d. c. david shell, and i want to thank you to for watching. you can see the program again anytime by this thing website out, is there a dot com and for further discussion, go to our facebook page at facebook dot com forward slash ha inside story. and you can also join the conversation on twitter. we are at age 8 inside story for me, iran con. and the entire team hit by for now the i lose. ah, when the freedom of the press is under threat in oh, you just because i thought july, when about your thought toward the making government step outside the mainstream. there has been a implement here some of access points that shift the focus, the pandemic that's turned out to be a handy little pretext. the prime minister clamped down on the press covering the waves. the news discovered the listening post on the meteor ice small natural rocks from outer space that survived the journey down to wash and have high market value for rock and minimal collectors. also as a world's joins the moroccan nomads in their

i want to thank all, i guess, zillow, m, morgan and russia, william davidson in nairobi. and in washington, d. c. david shan, and i want to thank you to for watching. you can see the program again anytime by this thing website, is there a dot com and for further discussion, go to our facebook page at facebook dot com forward slash ha inside story. and you can also join the conversation on twitter. we are at a j inside story for me, iran con, and the entire team hit the ah, ah, ah, on counting the whole is this the end of time is experiments with capitalism. presidents using ping launches, reaping socialist reform to address inequality in the world's 2nd biggest economy. cost was sick and had watches a selling fall. counting the cost on an astonishing fil, documenting decade in one of the most embattled corners of the globe. a child that can stand 20 years of war, follow me from boyhood to manhood. a life that has no no p shaped by hardship, resilience and adventure. the unique film that captures the conflict in a way it has never been seen before. whitney on out there. ah, bold and unholy stories from

morgan and russia. william davidson in nairobi. and in washington, d. c. david shell, and i want to thank you to for watching. you can see the program again anytime by this thing a website out is there a dot com and for further discussion, go to our facebook page at facebook dot com forward slash ha inside story. and you can also join the conversation on twitter. we are at a jason hard story for me and wrong. com. and the entire team hit the meteorites, small natural rocks from outer space that survive the journey down to us. and have high market value for rock and minimal collectors. i'll josie of the world's joins the moroccan nomads in their desert such with these gifts for ad icon says that it's a meter right? had it is, it is i me to roy, morocco's meteorite hunters on or disease. we understand the differences and similarities of culture across the world. no matter why you call hand era who bring you the news and current affairs. when freedom of the press is under threat, you know, you just because i thought genuinely about your thoughts towards the making

i'm morgan brennan with david faber and mike santoli carl has the morning off just getting a check onrows the manl averages all move higher still in a tight trading range the s&p a new record high, up 0.3% h the dow also up about 98 points. factory orders are out just a moment ago, and rick santelli has that for us as well. rick >> thank you, leslie yes, our july read on factory orders up 0.4 of 1%. that's better than expectations, but it's definitely lagging. in the rearview mirror up 1.5, weakest since april when it was minus 110. we know why. a lot of issues affecting manufacturing, issues on supply chain. august auto sales weren't very solid, so you can see how leading in from july we continue to see these weaker trends and if you strip out transportation, there is a marked improvement so we could see how airlines and airplanes and aerospace enter into this. it's up 0.8 of 1%. july final on durable goods at minus one-tenth of 1% which is the same as the mid-month read if we look at ex-transportation on durables, the same effect it pops up to up 0.8 as well finally, capital goods o

i'm carl quintanilla with morgan brennan and david david live at post 9 in of the new york stock exchangeing out with gains after six days down for the -- five for the dow and s&p. september holding up to its reputation on pace for the worst month since last october. >> we are 30 minutes into the trading session. here are the three big movers we are watching virgin galactic sliding, delaying the first commercial research space mission for the italian air force after a third party supplier warned ever a potential defect on top of the ongoing faa investigation. we will have more on space tourism later this hour. you can see the shares down 5% now. plus, alibaba getting hammered on a report that the china wants to break up ali pay. shares down 2.5% and 3m with the company's cfo saying inflation is higher than we even thought in q3. the latest company within the industrial sector to come out with cautious commentary. >> thank you, morgan less than 18 months after the economy and the stock market bottomed, the markets and the economy have already moved into mid-cycle mode more quickly than exp

i want to thank all our guess, zillow, m, morgan and a russia william davidson in nairobi. and in washington, d. c. david shell, and i want to thank you to for watching. you can see the program again anytime by this thing website out, is there a dot com and for further discussion, go to our facebook page at facebook dot com forward slash ha inside story. and you can also join the conversation on twitter. we are at a j inside story from me and wrong con, and the entire team hit the ah, ah, ah ah, the dangerous business one or one east and those who refuse to be silent. for now, we understand the differences and similarities of culture across the world. no matter why you call, i'll just bring you the news and current affairs. the algebra talked to al jazeera, we what gives you hope that there is going to be peace because the situation on the ground seems to be pointing. otherwise we listen. we were never on whatever road to off migration. we meet with global news makers and talk about the stories on sierra ah, i'm rob matheson and joe how the top stories on al jazeera israeli police have detained. the last

david i just focus on companies. a lot of nervousness bubbling out there. morgan stanley saying you might have a 15% correction.you have a macro view now >> we're bottom up guys but we have a macro view. we think the market will be higher over the next 6 to 12 months now is not the time to be speculative. you really want to pay attention to fundamentals. you want to pay attention to valuation. don't get caught up in the craziness of the day the 100 pes. the meme stocks. we think cryptocurrency is a disaster waiting to happen there are things we wouldn't speculate on we think there are areas if you have a 12-month time horizon, you can make reasonable money in the stock market. >> i was reading some stuff, the hot money for the meme stocks has gone into nfts, some of the bricks and other things people are doing that are more difficult to understand. let's go to something you do understand, bottom up stock picking. we know you love dividend pairs. dividends don't get as much love as they should nor does bank of new york, bk. why not? >> bank of new york is a good company. good long-term prospect. interest rates a

rupert murdoch seen smiling with piers morgan in a photograph today, he is backing this and sees there is definitely he thinks a business gap in the market. david his roots by going back to the company he started it off with. , , . back to the company he started it offwith. , , . back to the company he started it off with. , , . ,., ~ off with. yes, very much so. i think it's fascinating _ off with. yes, very much so. i think it's fascinating about _ off with. yes, very much so. i think it's fascinating about how _ off with. yes, very much so. i think it's fascinating about how it - off with. yes, very much so. i think it's fascinating about how it with i it's fascinating about how it with this programme it's launching globally, so of course david was talking — globally, so of course david was talking about how it will also be available — talking about how it will also be available on fox nation and also sky news _ available on fox nation and also sky news australia and to me these seem to be very— news australia and to me these seem to be very opinionated, right wing networks — to be very opinionated, right wing networks. so that to me gives a

morgan stanley, another downgrade. they're talking about it being boring now, david, the one thing you said to get is higher multiples inanking business is boring. i think it deserves a much better price-to-earnings global that he's getting. yocht to own morgan stanley, it's not exciting? >> the stock has had -- goldman and morgan both -- >> my charitable trust owns it, i would buy that right now if i hadn't just mentioned it, therefore i can't buy it >>> apple facebook, alphabet, microsoft are all up, but not keeping up with the s&p. the nasdaq is up about 0.5%. what are your thoughts >> don't be a hero pick one, if you want. facebook i can talk about end endlessly. really "wall street journal" has a lot of insight -- >> yes, there is i have read every single one of them. >> did you read "the atlantic" that we needed military to stop zuckerberg we are in a moment where zuckerberg is running a shadow country. >> he doesn't have a lot of divisions. >> stalin said that versus the pope, who favors vaccination, to point that out someone talked about -- we have a question. >> okay. >> come on, who doesn't like you in the med

morgan's comments about the duchess of sussex. and coming up on the bbc news channel: history for david smith in boccia.e repeats his success from rio 2016 to become a double paralympic champion in tokyo. good afternoon and welcome to the bbc news at one. the taliban have told the bbc that their new government will be announced in the next day or two and that there "may not" be a woman in any of the top posts or in cabinet. meanwhile, the uk is in talks with the taliban to try to secure "safe passage" out of afghanistan for remaining british nationals and eligible refugees. later today, the foreign secretary dominic raab will field questions from mps on the government's handling of the crisis in afghanistan. labour claims the uk wasn't suitably prepared to evacuate people from the country. our first report is from our correspondent rajini vaidyanathan. the ignition on the brink of a humanitarian disaster. —— a nation on the brink. no under taliban rule. 0ne on the brink. no under taliban rule. one third of afghans do not know where their next meal will come from. the un said nearly half of the country n

david limp. comments the debt ceiling. jamie dimon telling reuters he does believe that the crisis will be avoided but that jp morgan is preparinglt. he says it would be catastrophic if there was a failure to address that limit. coming up, we are talking about the energy crisis in europe. it is cause for great concern. anna mikulska, energy studies fellow from rice university, is with us next. alix: this is bloomberg markets. i'm alix steel. brent oil falling from that three-year high of $80 a barrel, unable to withstand that pressure of u.s. equities heading for their biggest decline since may. let's get some insight from anna mikulska, energy studies fellow from the rice university. are we seeing demand destruction or opec response? anna: we have seen a resurgence of economies around the world and there is a good chance many countries can still pick up a relatively high price. depending on which economy is able to take more oil, we will see it winning the oil wars. not sure about the demand destruction. at some point, since we are still not out of the pandemic, and that is what complicates all of the above. amanda: when it com

in a group in citigroup and jp morgan where you are saying this is all about technology and technology excellence. to find the s&p 500 in the technology influence. david: it has two sectors everybody knows that are digital in nature. the technology sector is 20% of the s&p 500. the comedic asian sector, which is 12% of the s&p 500, you have -- the communications sector, which is 20% of the s&p 500. a lot of the profit contributors in the data centers and cell phone towers and the logistics business supporting the digital economy. electric vehicles, these are high-technology pieces of equipment. the s&p has become digitally dominated and that is the reason why it we stay modestly overweight, the tech sector and we stay constructive on the s&p. the other parts of the s&p we are concerned about would be industrials and they are less relevant. lisa: this sounds like a great story in terms of and it has been priced in but the question is how far it can run given how valuations and how much it hinges on the bond market. yesterday, an executive at bank of america said it is a zero-coupon bond. you agree that bonds will set it in for the tech behemoths that h

david said. it is not just liquidity exacerbating. the moves you seeing, property being sold off everywhere, the insurance switch, morgan stanley estimatesas 15% of shareholder equity exposed to risky property. it is not a small exposure there. rishaad: that things up a whole new door's box, insurance. -- dora's -- pandora's. reporter: today is the deadline for ever grand to pay interest. because it is a china holiday, we think it might not be exactly today. it could be rolled over to the next working day. on thursday, two interest payments on coupons. that is what we are watching for. if ever grand doesn't make one of them, the one on shore that might constitute that sort. rishaad: david: just to your point, it is nuanced this week. we are showing your overnight and seven-day rate. it is stable. we bring this up but -- because what can china make the case for stability? do you think the pboc needs to come out and say something on the back of everything happening while markets are onshore? reporter: it is interesting to see that we have seen no real backing of the markets as we tend to see when there is panic like we are seeing in hong k

back to morgan at the kennedy space center ahead of tonight's big launch morgan >> reporter: right if all goes according to plan, davidm here tonight. "inspiration 4" opens up 8:02 p.m. eastern right now it's 80% favorability in terms of weather, and for now systems go for tonight we'll be here all day covering that of course, for spacex, one of the most highly valued privately held companies in the world a major milestone but still just one piece of a much bigger, broader, ambitious strategy. one that also includes the star link broadband mega constellation. a well a launch for that actually just last night in the midst ofall of this. return to the moon, working with nasa on that and longer-term colonization of mars but spacex isn't the only company to watch in all this shift forward is as well so inspiration for benefactor and commander jared isaacman, company went public last summer. currently trades at about $77 under a little pressure today. perhaps in part because its chief executive is getting ready to go to space isaacman told me no sleep juggling both essentially jobs, and never part of the plan, shift forwar

david: on a positive note, that is kerry craig, global market strategist at j.p. morgan.60 points short of the 30,000 level. paul allen, he is in saddening with your first word news -- sydney with your first word news. >> the perimeter was planning to step aside. the prime minister would run for leader of the democratic party, throwing his support behind the former parliament. the move would bolster opinion polls ahead of the september 29 election. the military power in guinea plans to establish a unity government, urging many companies to keep operating. they reassured mining agreements would be all night -- would be honored. ports remain open for experts. china has given local governments benchmark fees and cap price increases by the end of the the year. singapore has not rolled out a return to type virus curbs. it is raising the frequency of testing for higher risk environments such as personal care services and more bannings of social gatherings. new infections rose to more than 1200 cases last week. up from about 600 the week before. global news, 24 hours a day, on a

from the bonson group, are you more sanguine, david bahnsen, or how is it shaping up >> it dependon when they write the plan i worked with him at stanley morgan he leans negative he made a call on this about 15 times lately all people pointing out logical things that don't look good all the time in the markets. the markets have had an opinion of their own so i wouldn't make any short term decisions around the report from morgan stanley. i hopefully don't have clients making short-term decisions at although you know, we want to be able to have a little longer term view, and that's where the sanguine comes from, is that we do believe through time the way that particularly our dividend orientation is positioned will do quite well. but as far as the markets needing an excuse to have a correction or some downside volatility, there's plenty excuses out there to choose from >> there's a ton of investors, david, breathing a huge sigh of relief to see financials and energy back in the leadership, people who were overposition, looking for rates to finally move to the upside and so forth. is this really sustainable though should the trades remain marrie

morgan brennan is at the kennedy space center following spacex's historic flight. davidil sales above expectations but the markets having a tough time repeating the best day of the month yesterday. dow's down 95. business inventories are out rick santelli's got that hey, rick. >> yes, inventories are a very important aspect of trading these days we are all monitoring some of the low inventories, especially in front of holiday season so the july business inventories coming in as expected, up half of 1% is a solid number. if we look at the entire year, it really has been all positive numbers, the smallest was in april up 0.10 of 1% as we try to replenish various parts of the pipeline of inventories. last month up 0.8 to 0.9 another thing up today, interest rates and energy prices. we want to pay close attention 1.34% on a ten-year, the area to monitor around 1.37 to 1.39% that zone is considered the best resistance, which means should we get above that area, maybe look for hotter interest rates mike. >> jthank you. we are 30 minutes into the trading session. here are three

professor americas, chester morgan on this episode of "book notes plus," listen on c-span podcasts or wherever you get your podcasts. >>> now, on "lectures in history," professor david farber talks about the anti-war movement of the 1960s and

david costa, goldman sachs the s&p will end 2021 at 4700. ubs strong by the dip. investor mindset and then there's our friend mike wilson, morgan stanley's chief market strategist, and he ins us now who says a 20% correction seems more likely. what happened to 10% you get a bad day and now you up it to 20 >> thanks, scott >> basically it's still 10%, and a lot of commentary i agree with and i was just there and on the show we're want going time these things and we've been in a position that the index would end the year 4,000 and i don't know when that will correct and i have a high conviction that that's where they'll end there's been the call, and i think the most important thing to have gotten right this year and what will be important to get right the rest of the year is what do you own within the market, okay we had a huge rotation in the beginning of the year. at that point we made the call that we'll go through this mid-cycle transition and have a bit of a rolling correction. that played out. we made the quality bet which is essentially the faang stocks and the s&p 500. those what those are they're the highest indices in

david: that is the question. 25 or 50? it's looking more like 25. in terms of the chart, my 1241 is the rbn. while you look at that, the executive director at macro sales at j.p. morganustralia. in terms of what the market is pricing in, does that make sense? guest: absolutely. our forecast is looking for a rate hike at meetings from here. it has been interesting to watch the market movement today. he laid out when risks are balanced, it does make more sense to sit unchanged or only move in smaller increments. i would say that we always know they have a tendency to surprise. even if the market is taking the hike out, the fully priced 25 basis point is still there. certainly, i would say that woman get to the october meeting, i think the 15 will be on the table. -- the 50 will be on the table. and may not be that the risks are balanced. moving to level three, and i think new zealand has managed to somehow keep a lid on the delta outbreak. for the markets it will be quite interesting as we approach the meeting. for now, the market is less hawkish. yvonne: how are you viewing the contagion from evergrande? it seems like haven currencies are catching a bit. aussie yen re

david griffin enjoying us in "daybreak" arab and plans to send power from australia all the way to singapore. we do have some breaking news when it comes to changes at the top. morgan stanley's wisdom kristin retiring as the c.e.o. and joined morgan stanley in 1998. we also saw him really leading from beijing the raising of morgan stanley's stake to 90% for buying shares from china fortune securities behind that deal. and we are now hearing that she is in fact exiting when it comes to co-c.e.o. role. let's go back to e.v.'s now. paulstart, the electric vehicle maker backed by leonardo dicaprio will go through a merger with a company at roughly $20 billion valuation. the c.e.o. told us about his plans to put several new models on the road. >> it's a very important exciting day for polestar. we have two cars on the road, yes. we have established our system in 14 markets. but there's a big future ahead with three cars coming out over the next three years as expanding into many -- there will be 30 markets targeted in 23. and of course, this big growth story, this expansion of the brand, is really, really nicely supported by this injection of capital. but that access to

professor americas, chester morgan on this episode of "book notes plus," listen on c-span podcasts or wherever you get your podcasts. >>> now, on "lectures in history," professor david farber talks about the anti-war movement of the 1960s and 1970s and believes protests of the vietnam war helped to expand the nation's democratic process. >> we have been talking these last few weeks out loud about a few core issues that had in many ways given thematic intensity to the 1960s era. we've been trying to think about the meaning and reality of equality in the united states in the '60s era, we had been pondering what democratic practice could and should look like in the united states. and then very much so, and very much what will do here today, what role should the united states play in a world that was fast-changing in the 1960s. so we've gotten to the point in this class where we reach a point where president johnson has decided by early 1965 to begin a forthright military intervention by the united states in vietnam. and the reasons have been fairly compellingly laid out by johnson between 1964 and '65. the gulf of tonkin resolution, 1964, the president made his case, t

david duke for the 47th congressional district. eli running for arizona's first district and morgan latrel, multiple tours in iraq and afghanistan ands the chaos with the dismount from the country was unavoidable, do you agree? >> i do not. we abandoned our allies and we have abandoned our citizens and we are disgusted at our actions and this president and the cabinet are responsible and accountable. i'm sad for the loss of life and liberty and i'm angry because it was beth predictable and preventible. brian: morgan, looks like the chairman of chiefs of staff is open to talking to taliban an combined efforts to take outer risk groups. are you ready to get over it with the taliban? >> am i ready to get over it, no. i think we are in a bad spot right now. i'm disappointed in the administration. i concur with commander zimke's remarks. my heart goes out for those lives lost most recently and the members of all of those who have fallen before. i think the taliban is not to be trusted as it never was to be trusted and most certainly we need to be taking a hard look of what's happening over there and most certainly get our people. brian:

. >> thank you, morgan and thank you for having me back i want to reflect for a second on the opening of the show where davidery many questions at all that morning. and your were going to be asking me questions i walked in the studio and saw mark haynes at the table, shirt and tie and coat above the desk. shorts and sneakerz blow the desk, a bowl of cereal j a bag of cheetos and i said this can't be that bad. it can't be that bad so, that morning -- you're right. september 10th, we reorganizeinized the company a number of us went out that night to celebrate a new strategy, trying to go international, institutional we went out that night, probably had too much wine. the next morning, i was sleeping in the marriott world trade center hotel i got up late. our former chief economist left us to join cnbc. that was her first day on the job, september 11th. and so, i waited in the hotel room to see her come on and to listen to her debut. and so, i got a late start i went out for a run to clear my head, get ready for the first day of the reorganizeinized company and i was running back from lower manhattan along the

mr morgan left good morning britain in march after saying he did not believe claims made by the duchess of sussex during her interview with oprah winfrey. 0ur media and arts correspondent, davidew news channels, we've had gb news launched in the summer, and of course, rupert murdoch, only a few months ago, was saying that he didn't think there was a business case for a new news channel in the united kingdom. but things have changed. maybe looking a little bit at what happened to gb news with that slightly declining audience, its technical troubles and the disappearance from its airwaves, of its lead presenter and chairman andrew neil this week. it all suggests that maybe things are in flux, so they have announced that there will be injanuary, or maybe early next year, this new talk tv, it will be streaming, in america on a fox nation, which is the fox news streaming service, and it will even be on australia. this is the piers morgan programme in particular. they are looking for a global side of things in particular, but also trying to reach an audience that it feels maybe is not being served entirely by the existing landscape. of course, you could also look at it another way,

morgan taylor sandra c. taylor sandra dawn teague karl w. teepe paul a. tegtmeier yeshavant moreshwar tembe anthony tempesta dorothy pearl temple stanley l. temple davidbrian john terrenzi lisa marie terry goumatie thackurdeen harshad sham thatte michael theodoridis >> and my brother, angel perez. we continue to mourn our loss as it was that horrific day 20 years ago, september 11, 2001. our love ones have -- loved ones have left with us precious memories that we shared together. my brother angel, i know that you received my mom. mom, with open arms. angel, i see you in my dreams, next to mom. angel, i hear your laughter in my son's. and iac your smile and your big heart will live with us -- i see your smile and big heart will live with us forever. troops who fought for our nation, and continue to fight, we will -- they will never be closure until we meet again. >> and my cousin, michael. michael, you live on in the lives and hearts and minds of everyone whose life see you touched, may your memory be a blessing. [applause] thomas f. theurkauf, jr. lesley anne thomas brian thomas thompson clive ian thompson glenn thompson nigel bruce thompson perry a.

morgan taylor. >> sandra c. taylor. >> sandra dawn teague. >> karl w. teepe. >> paul a. tegtmeier. >> yeshavant moreshwar tembe. >> anthony tempesta. >> dorothy pearl temple. >> stanley l. temple. >> davidenzi. >> lisa marie terry. >> goumatie thackurdeen. >> harshad sham thatte. >> michael theodoridis. >> and my brother angel perez. we continue to mourn our lost on es that horrific day 20 years ago, september 11, 2001. our loved ones have left with us precious memories which we share together. my brother, angel, i know that you received my mom with open arms. angel, i see you in my dreams next to mom. angel, i hear your laughter in my son sebastian and your smile and big heart will live forever with us in our hearts. god bless the troops who fought for our nation and continue to fight. there will never be closure as we live to remember. until we meet again. >> and my cousin, michael r. wittenstein. michael, you live on in the lives and hearts and minds of everyone whose lives you've touched. may your memory be a blessing. [applause] ♪ >> thomas f. theurkauf, jr. >> lesley anne thomas. >> brian thomas thompson. >> clive ian thompson. >> glenn thompson. >> nigel bruce thompson. >> perry