[laughter] deirdre: you? al capone? i am very happy to say that they both decided that it might be a decent book. so why didn't i go ahead and write it? >> while you think of a question or two, i just want to remind you that there will be books available in the lobby which the professor will sign for you. yes, come up and use the mic so c-span can hear you. there is a microphone right here. >> why do you think people in bulgaria, what particular aspect of al capone do you think they admired? his murdering or extortion? deirdre: it really boggles the mind doesn't it? i wish i could give you an answer. i think there are many answers to such a question. those countries, i do hate to generalize, they do have a reputation for what shall we call it, disreputable behavior. perhaps that has something to do with it. there are a lot of gangs there, poverty. in romania in particular, i know romania because i wrote about saul steinberg. i don't know much about bulgaria and other countries. the poverty, the ghetto-like ways certain

go to deirdre bolton with the numbers. deirdre. >> melissa looks like beat on top and bottom line. take you through some figures, eps, as far as the consensus, 96 cents a share. we're looking at 114. that is better than 15% increase, if you look quarter on quarter. if you look at revenue, this should reassure wall street. we've been talking about pressures about peak earnings. take a look at revenue. 29.1 billion. consensus for 2and change. so you have increase quarter on quarter about 19%. i'm still going through some of the individual revenue sources, intelligent cloud, productivity and business process, personal computing. one thing i can tell you, remember when microsoft bought linkedin? that was summer of 2016. they just actually posted revenue for linkedin up 33%. melissa they paid a little more than $26 billion for that professional networking but idea just to increase or establish, reconfirm their position in the professional services world. melissa. melissa: great stuff. i want to go right back to the panel. john and gary with us. windows central executive editor. john, le

you and deirdre are market reporting veterans. you've seen this time and again, and this is not just they are pretty call susan li. we have to talk about flash crash fears. here is the headlines sell order s stock surge to the highest level since the flash crash of 2010. >> and volumes spiked by the way pretty heavy volume selling into this sell-off these declines and that does tell you there's a lot of automation and a lot of stop loss gaps kicking in and that is the world we live in into 2018 it's very different from the declines we've seen a few years ago 2008 in fact so yes there's a lot of velocity and accelerates when those you see it gap down and it gap down further. >> liz: here is the thing. when you have a rush to the exit , deirdre in the last minutes of trading, you've been watching it, so we've all been watching investors selling into the rally. they're selling into the rally what does that tell you about the future? >> deirdre: when speaking about 2008 that is what we learned at that point is that investors don't alw

liz: thank you very much, deirdre. you got to see a pretty exciting day, deirdre.ising yields and raising rates with bated breath because they do affect equities as we saw today. 10-year treasury bills seven-year high, 3.19%. it was higher at 3.92 earlier. if you're looking to protect yourself, our next guest has a single asset he says will put a hard top over your investments, convertible, get it, hard-top convertible? dan veru, palisades management, due to fixed income, andy brenner. good to see you all. andy, quickly start with you because why did we see yields jump as high as they did over the past 48 hours? >> liz, a lot of thing, we've been holding, 3.8 level in 10-year and level in bonds. we finally broke yesterday. the some say it was the strong purchasing managers report. amazon tampa bay devil raying to $15 that will eventually help wages, helping wage inflation. basically we get up the ghost. now we're off to much higher rates. i think it will be a problem for a lot of the markets. liz: dan is just looking at you saying i'm ready to take that one on. dan

david: deirdre, if you're still with us, deirdre, the thing is that we have a situation in corporate america which is not entirely different from the situation with the federal government. that is, some people say there has been so much borrowing going on in order to take advantage of the good economic environment that as you borrow money in order to grow more than you planned on growing because you think economy will do great, lower taxes, lower regulations, et cetera, and maybe if the interest rates go up you have to pay more for the money thaw borrowed or economy stops growing as strong as it has been growing -- >> david that makes all the sense of the world. honestly if i were running a business, money were cheap to borrow, and i knew i was expanding of course i would take on debt, okay, whatever investments i have to make, whatever hiring, i mean, we are expensive. good human capital is expensive. anything cap-ex, you do see a lot of the groups in particular i was watching utilities right? because they often obviously have to put a lot of money into physical developments. they w

let's hear a round of applause for deirdre. deirdre: good morning. thank you, michael bloomberg. we have some incredible volunteers in the room today. we have britt over here, we have ann, justine and kathleen and julie, i could name them all but they are quite a few in here. our chapter has pushed back on nra priorities this year. our chapter has shown up by the dozens to hearing after hearing at the statehouse, along with coalition partners. we have wonderful coalition partners in new hampshire. we also grew our chapter this year by the hundreds. on the ballot in november we have more than 70 gun sent candidates, which is incredible for new hampshire. we have educated people about what it means to be a gun sense candidate and we have been canvassing for them. we have amazing democrats up and down the ticket and there are some right here. i some representatives, senator betty lasky, and there are many more in the room. i would like you to meet the six everytown-endorsed gun sense candidates. [applause] >> hi, my women, my girls. i had to step aside from might lead role in new ha

>> deirdre: well the one thing i'm watching at least in the context of the mid-terms is the price of energy and we've seen it come up about 10% today is not the right day to talk about energy in particular because it fell but in the past month up around 10% and i think that effects so many americans and so many consumers, what do they pay when they fill up at the pump and that's something that leads people to feel like either the economy is working in their favor, or it isn't, and based on a day liked to, with broad based selling, you could have people feel like oh, i'm paying more at the pump, if that does in fact happen between now and mid-terms , and my 401 (k) or my pension has lost a lot of money i don't feel so good liz. >> liz: i hear you deirdre nothing drives people more to insanity than gas prices going up but excuse me, let's get to k -parts. here is the thing fastenal said china is giving them a hard time with rising materials costs, k- parts we know we're in earnings season right now. louis vuitton warning is also mentioning china, and we also have this rare u.s. arrest

mark and deirdre, thank you so much. the dow, again, it's been up and down.are seeing some losses on the nasdaq and slightly down on the s&p, but before we go, of course, let's bring in liz claman for the last hour which is always the exciting hour, liz claman. [laughter] liz: i like how you said i sneezed the markets were up, i coughed and the -- ashley: exactly. liz: quite the reversal of fortune in the last hour as the dow right now just slightly above the flat line. s&p is fighting to get into the flat line, down 2 points, and the nasdaq, it's been an ugly day this, fighting off trade, rate hikes and big tech fears. this as that political battle for the ages comes to a close. t-minus four hours until the official ceremony at the white house for newly-confirmed supreme court justice brett kavanaugh. but with the midterms less than a month away now, is the battle really just beginning? will

i want to bring in trader todd horowitz and deirdre bolton and gary kaltbaum back with me as well. i will start with you, mr. fine said something incredibly interesting to me and something you touched on and danger zone if you would, eceses collision where federal reserve is doing and collision of treasurys. that, sr. where you as well? too much debt, higher interest rates and you're in a situation you can pay that back. >> since he agreed with me he is brilliant man. trish: you know is. made a lot of money in these markets. >> trish for 10 years, markets and economy both here and economies around the globe have lived off easy money. 0% interest rates, negative rates still in europe and japan. and now more easy money in china. once that goes away. once markets look at that differently, once cost of capital goes up, once everything

deirdre bolton today on the floor of the new york stock exchange. deirdre? >> indeed, you said it, we saw the market higher but didn't hold on to the gains at least for the dow and s&p 500. the nasdaq own lid one closing in the green. look at dow stocks that weighed on the average, goldman sachs, american express, travelers. a heavy financial theme this was representative as well what is going on in the broader markets with energy and financials as two biggest drags. tech is the bright spot. a lot of investors looking forward to later this week. we'll get earnings from microsoft on wednesday and amazon, alphabet google on thursday. in addition to earnings, a lot of investors are paying attention to sales and what companies are giving as far as their revenue outlook. so this third quarter sales growth is supposed to be 7.3%. that sounds pretty good to me. if you go by 50-year track record it is pretty good. however given the path to four consecutive quarters, even if companies hit the 7.3 sales growth, it will will be the slowest in four. there are a lot of i

deirdre: yeah! whoo! oh! i'm sorry, sorry, sorry. steve: that's ok. let's go on. e: ys, man: let's play. steve: i got-- man: we're gonna play, steve. deirdre: we're gonna play. sorry, steve. got too excited. i'm on fire. i'm on fire. steve:h.

deirdre bolton out in brooklyn covering that event for us. how did it go, deirdre?> brooklyn academy of music no less, connell. of course the ceo of apple, tim cook, talking about the fact that they hosted this event to underline all these new products and upgrade are meant to serve all of us, particularly the creative community. you listed three main products, connell. ipad pro, people are waiting for, last version, last update was 2017. that is not so bad. but the macbook air will go to market, 1199, call that $1200. this is the first upgrade since 2010. a lot in the community, this new one really better have all the bells and whistles, retina display, four times pixels, more color saturated. sharper. they showed up a lot during the keynote with games and movies and editing and photoshop. then you have the mac mini. that is going to market. smallest one, cheapest one for 799. all the new products available as of november 7th. then the latest update was 2014. so obviously apple's job is to come and really show off the products, talk about their new features, the sn

i want to get deirdre in. >> go ahead, deirdre, i'm sorry. >> no, i will listen to you. trish: i think he say guidance will be altered, right, todd? going forward your fear because of all these headwinds they will have to alter guidance and earnings are not as big as we think? >> higher bills to pay. higher wages, higher interest on loans they have, will cut into profits. earnings will be great. guidance will be bad. trish: jerry fine, founder of charter objection management, all the companies he doesn't own, he is talking to regularly, inflation is running hotter than 2% and inflation is running hotter than 2.8% and -- >> brings up a great point. trish you study the market as good as anybody. you know when stocks and bonds sell off at the same time, that is a signal. this is a break in the normal trading pattern and it often means investors of all stripes are worried about inflation. what i can also say in the past 20 years, every time that this has happened again stocks and bonds selling off at the same time, that is followed by a period of the equity market falling. n

deirdre has that. >> u-haul are offering free self-storage for 30 days. if anybody needs it, if you just go on u-haul's website, carolinas, florida, georgia, alabama, if you are a resident of one of those states and in the hurricane's path, basically they are willing to offer 30 days free, whether you want to store your things there and you need to get out of town or they also have these boxes that i guess just kind of, you put on your car for 30 days. neil: a lot of them do that. like airlines will forgive ticket fees and surcharges if you change your flights or whatever. >> yeah, change fees for airlines, that's been announced as well. if you want to get out of the way of the storm. also cruises, if you want to rebook, they allow for free changes. also, i think "the washington post" is now offering stories and alerts on the hurricane for free so you can access the website. neil: good stuff, all. it sometimes happens, right? in corporate america. all right. let's get the read on what's happening with the federal reserve, because this sell-off at its core

deirdre bolton at the brooklyn academy of music with the latest. deirdre?ht, charles. i'm here in front of the building. when apple ceo tim cook gave his keynote, talking about all the new products are for everyone of course but underlined the fact they are for the creative community. it ties this event being held at the academy of music. a lot of musicians and film editors and games using products. new ipad pro, as far as the guts and the outside, this is the first update since 2017. new macbook air and as far as inside, outside, charles, this is the latest release, last one, completely new inside and out since 2010. a lot of analysts saying it was really time for apple to release a new version. getting a little bit less attention, here none the same or nonetheless is the mac mini. for prices starts at 799. macbook air, roughly at $1200, and all these products available for november 7th. the idea apple having to compete a little bit more. we have microsoft surface of course which has made serious inroads into the tablet. google relasting tablets as well. e

deirdre bolton on the floor of the new york stock exchange. deirdre, kick it off. >> we are closing just off those session lows, i mean we saw the dow down as much as 250 points at its worst in the session. i'm checking the big board. closing down around 200 points. clearly in the red. the group really weighed the most heavily on broader markets, technology, we were just talking about that. i want to highlight three brighter spots though, financials, telecom and also utilities. the financials as we know in a rising rate environment, basically if we go to a bank as individual or as a business, that bank can charge us nor if we are loaning money or the bank is loaning us money. you so you do have the money central banks along unchanged line, finishing higher for the day. talking about bigger picture themes. stock market investors were selling. bond market investors were selling. most people on the floor here saying you know what? the reason for that is that investor are worried about inflation. we've had really key positive economic data points

mary and deirdre are in it for another reason. 200are here because you love to learn.ept math. >> give me chemo before math. >> reporter: chemo before math. >> yeah. >> reporter: who needs math when you can count on the love of family. chip reid, cbs news, lowell, massachusetts . >> ninan: what a great family. well, that's the cbs weekend news for this saturday. later on cbs, "48 hours." and for news any time, go to cbsn at cbsnews.com or download the cbs news app. i'm reena ninan in new york. thank you for joining us the store has been drained dry.. after getting caught up -- in an underage alcohol sting. good evening, i'm brian hackney. i'm juliette goodrich. it's happened not once -- but twice in the past year.. at the store on nave drive in novato. >>> good evening. >> this happened not once, but twice in the past year at the store on made drive. if it happens again, it will be the last. andrea? >> reporter: yeah, juliet. the novado police department said it actively works in the community to stop alcohol from getting in the hands of minors. in the last year, this

deirdre bosa has the rode for that deirdre? amazon is currently having its best day in a year. the stock is popping more than 6% it's really been moving steadily higher over the last half hour or so. this is helping to make up for heavy losses earlier this month. perhaps we're seeing optimism ahead of the third quarter report it's front and center for analysts as the company gears up for the holiday season amazon forecasting operating income between $1.4 and $2.4 billion. analysts are getting nervous about new costs on the horizon starting next month amazon is raising the minimum wage to $15 an hour for all u.s. employees this is a move that morgan stanley thinks could cost $3 billion in 2019 but could be a smart pone politically. shipping costs could go up if a u.s. postal service proposed hike goes forward. jaffrays believes that could add $700 million in expenses next year the street will be looking to amazon's higher margin, faster growing businesses, to see if they can offset some of the costs so that includes cloud comput

melissa: deirdre, thank you. peek and jonathan hoenig have been here on the show today. talked to a couple tech analysts. on the gab issue which a lot of people hadn't heard of until of horrific event in pittsburgh, someone made to the the point if they're taken down, didn't exist anymore, something well like it could pop back up if the companies crack down. >> i have no sense how many niche platforms are out there. how many subscribers each of them have or what kind of surveillance there is of any of these. you would hope law enforcement would have some sort of eye out on platforms like this which attract kind of kooks and people who are -- connell: on this platform, deirdre reported 650,000 users versus 10 of millions, hundreds of millions for others. jonathan, what is your view on responsibility big picture social media companies when it comes to this kind of thing? >> they are under tremendous amounts of scrutiny. some have stepped up to the plate. to offer various tools to allow people to quash or squelch me

deirdre bolton joins me with the latest. deirdre?eporter: hey, kennedy, saudi arabia's previous explanations for mr. khashoggi's death met with widespread skepticism, i think that's fair, from several western governments. president trump called it one of the worst in the history of cover-ups. this most recent version, what you just mentioned, suggesting that mr. khashoggi was killed via a planned assassination began circulating after cia director haspel visited turkey. a noirp newspaper said turkish officials shared an audio recording of the killing and other evidence with director haspel. one source says saudi arabia is attempting to revise previous public explanations before washington, d.c. received and digested evidence, via ms. haspel, that could further discredit the kingdom. there is the possibility saudi arabia is using information from joint saudi investigation or solo investigation, there is, of course the possibility that saudi arabia may have gotten new information from the 18 saudis arrested in connection with mr. khasho

deirdre bolton on the floor of the new york stock exchange. hey, deirdre. >> right. so today we're going to focus on that. first back-to-back gains of course for the s&p 500 and the nasdaq. for the month i feel like i should put it in context. the dow is down 4 1/2%. s&p 500 down about 6 1/2%. the nasdaq down about 8 1/2%. again, for the month. one of the worst octobers we have seen in a very long time. but high lighted that return to strength for the tech stocks. we'll touch on that in a minute. i wanted to highlight one of the standouts today is gm. that stock really soaring on its earnings report and interestingly enough the company talking about the fact that it sold fewer cars in both the u.s. and china, but the reason that investors were so enthusiastic about it today, is because the cars that they did sell were luxury trucks and suvs. sold fewer but higher-priced ones. a question of quality as far as the price goes as opposed to quantity. sidestepping one of the big overhangs, a lot of investors and traders are concerned about, just how much will the u.s., chi

mary and deirdre are in it for aother reason. you two are here because you love to learn.mm-hmm. >> reporter: except math. >> give me chemo before math. >> reporter: chemo before math. >> yeah. >> reporter: who needs math when you can count on the love of family. chip reid, cbs news, lowell, massachusetts. >> glor: that is the cbs evening news for tonight. and look at this, our streaming service cbsn is on the new york city subway. and like the city, cbsn never sleeps. it is on 24 hours a day and you can download the cbs news app on all devices to watch. i'm jeff glor. we'll see you tomorrow. good night. captioning sponsored by cbs d by number one.. again. the warriors' quest for a >>> now at 6:00, it's the start of a new push to be number one again. >> the warrior's quest for a repeat starts tonight at oracle arena. good evening, i'm elizabeth cook. >> i'm ken bastida. right now the warriors getting ready for their home opener verses the oklahoma city thunder. but tonight's game a little bittersweet for some fans who are not happy to see their team moving across the bay.

what is sending stocks lower today, deirdre bolton on floor of the nyse.ey, deirdre. >> trish high lighted how far the dow dropped, even down close to 350 points at its worse. off the lows but clearly red on the screens. one thing happening today we don't see all that often is that stock investors are selling and bond investors are selling. if you look at 10-year yields, they are at seven-year highs. often when this happens, when you have stock investors and bond investors selling it means that people are pretty focused on inflation which makes sense. we've had so many strong economic data points in the past 4hours this also really puts emphasis on the jobs report tomorrow, how many jobs are added to the economy and how much are people making. the last month's set of data were people starting to earn a little bit more. that data showed up. the fed will focus on that. the more people get paid, the more you do see inflationary pressures come in. there are people, people down here, people al all over the world responding to these pressures. we saw a global se

deirdre bolton with more on today's wild ride. what is causing it?> that is following previous two days. question is can these gains hold? right now i want to call your attention to the tech stocks. these had been the most beaten down in the past two sessions combined. they are what is holding up gains as we see right now. we'll go through some of the names you know well. apple, amazon, google and nvidia. alphabet google. still down for the week. very much the strongest mover. we pay a lot of attention far as weighting go in s&p 500, tech by market cap is heaviest, strong est as far as groups go. four banks reported before the earnings started. they remain the biggest drag right now on the broader markets. interestingly enough, jpmorgan beat on the top and bottom line earlier. this is mover to the upside since changed. seems if traders are focused on one key part of the outlook statement. i will read it directly. non-interest revenue growth is between seven and 8%. the thing concerning a lot of investors in the stock, perhaps in the broader industry

melissa: deirdre, thank you. david: we'll bring in today's panel. lindsey bell, with cfra, jonas max ferris, founder of maxfund.com, fox news contributor, jack otter from "barron's" magazine and our own cries -- kristina partsinevelos. that is positive sign we hold stock, that is positive sign we didn't go negative, not kind of 500, 600-point rally people were hoping for. >> no, but i don't think we expected a drastic increase either. a lot of excess air coming out of the market. tech being the perfect example for this. yesterday you saw a downward trend. big picture, 2% drop on dow and s&p 500. nasdaq one 1/4% drop. i do want to focus on one area. i'm hot sure if we can pull it up, etfs. passive investors want to talk etfs. if you look at etfs, broad-based etfs versus bond eetfs a lot of bond money move i away from those etfs to the bond etfs. a move to fixed income. we'll pull it up. >> it happened about a day ago we saw the cross with far more people were buying bonds. today it looks as though, i will go to jonas, looks as though the bond yield c

deirdre, they got an upgrade, right? but what this is about, ge making itself smaller in theory more efficient. ge selling off a billion dollars worth of assets to a private equity firm, apollo global. there is portfolio of 20 different kind of pieces, liz. most are in the energy field. this whole idea you alluded to with the new ceo, john flannery, former ceo pushed out. he was a lifer at ge. the new ceo lawrence culp, former head of danaher, a tech company. thought his new eyes, new ears, new brain will really help ge be more streamlined and be more efficient. the stock is up 3%. no longer a dow component but that said moving up all the same, helping to limit, as you can see this, limiting broader losses. liz: one of the old bull names. so many people had it in their portfolio. deirdre, thank you. >>> we're in october, and it's fall, fall we have fashion apparently making a comeback, so says our next guest, who believes there are a few fashion companies, specific ones particularly well-placed to take advantage of chang

jim: deirdr.lou: deirdre bolton. rod rosenstein, refusing to submit to congressional oversight as he has been doing through out. rod rosenstein refusing to meet with house lawmakers tomorrow as planned and scheduled, follows reports that former fbi acting director andrew mccabe had talked about rod rosenstein's suggestion to secretly record president trump. talked about that with fbi top lawyer, and congressman andy bigs andag congressman matt gaez had it, releasing statement. judiciary committee must now is up openna hi such openna him to- subpoena him to appear, allowing special council robert mueller to escape oversight of his investigation. joining me now to talk about all of this, decision to subpoena rod rosenstein and justice department's decision to ignore a house subpoena for mccabe's memo, detailing his meeting with rosenstein, andy bigs, great to have you with us, start with rosenstein, what are prospects for encouraging him to appear before your committees? >> really in hands of our chairman, and we're ta

they're expected to be good, 20% up tick, deirdre. down a little bit from prior quarters but sill off the charts. that is baked into the cake here. what do you think? >> it is baked into the cake. investors look in addition to profits, some respects how much companies are squeezing their workers and getting a bigger bottom line, what also are their competitive stats? what are their sales like, right? are they driving new business, getting new business? those are pretty big questions. one thing i want to mention quickly about china as a follow-up, pboc, peoples bank of china, neil, cut rates four times or basically lessened i should say the reserve requirements four times this year. they may be saying, trying to saying it is not worried about trade but what people's bank of china is doing trying to spur its own economy is telling a very different story. neil: you're absolutely right on that. they doth protest too much, but dr, talk about china, if it continues to swoon and in a bear market, 20% or more from its highs, very atype call v

so deirdre bolton is up at the newsroom looking into that side of the story today and reaction to it. deirdre. >> connell, the role of social media companies monitoring flagging hate speech is back in the spotlight. social media hosting site, gab, has been taken down. several services are declining as businesses. go dad by allows people to register internet addresses. it had hosted gab. it is giving gab 24 hours to move to different service. the deadline expires monday night. a few other services are out right refusing to host gab. gab is fighting back believe it or not. they put out, i will read you part of the statement, we'll put it on the screen. gab.com is under attack. we've been smeared by the mainstream media by having free expression for all people and working with law enforcement. this is a part of a much larger statement. gab denies supporting violence t has backed up the alleged shooter's profile data, suspended his account as all other social media companies have and has contacted the fbi. this is the not first time that gab, at least is at the very least fighting with ev

neil: thank you very much, deirdre bolton. these kind of things back and forth, tend, tend to whipsaw investors but they are not unusual. we talk about when people will discern when it is time to get out of the woods. my next guests say market decides that. market watchers jack ablin, scott shellady. scott let me ask you a general one if we were to close actually at the lows or even down today. i cannot imagine that would be deemed a healthy development going into the weekend? >> no it wouldn't be a healthy development going into the weekend. we would see more short term investors throw their toys out of the crib. at the end of the day i don't see anything new here. i don't see any new ringses here. all the news is built into the market. we have a little bit of group think happening. there are people taking money off the table. remember we're up 45% since trump was put in office. if you need the money before christmas, go ahead and take it, i get that. i think this is storm in the tea cup and at end of the day we have good fun

kennedy: the one thing linking all of the target, critical of the president, fbn's deirdre bolton is live with the latest. reporter: all the packages were sent to democrats, including one from earlier this week. one step removed, if you like. billionaire and prominent liberal donor george soros received a package in his home mailbox monday that officials are calling similar to the ones delivered today. new york governor andrew cuomo said he feared more. >> there is a number of devices, and there's a pattern apparently to the number of devices. we wouldn't be at all surprised if more devices show up. reporter: as for the bombs themselves, federal officials describe the devices as legitimate, but not sophisticated. john miller, nypd deputy commissioner of intelligence and counterterrorism said the packages are being sent to an fbi lab. so far investigators believe the packages came from the same suspect or suspects. the devices were made with a one inch by six inch length of pvc pipe filled with suspected pyrotechnic powder and broken glass to serve as shrapnel. democratic lawmakers de

>> thank you very much, deirdre. nancy pelosi says civility will return to washington. once democrats win the white house, but when they do. what if numbers tell only half the story? at t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story. t. rowe price. invest with confidence. hey guys. today we're here to talk about trucks. i love trucks. what the heck is that?! whoa! what truck brand comes from the family of the most dependable, longest-lasting full-size pickups on the road? i think it's the chevy. ford. is it ford? nope, it's not ford. i think it's ram. is it ram? not ram. that's a chevy! it's chevy! that's right. from the family of the most dependable, longest-lasting full-size pickups on the road. gorgeous. chevy hit it out of the ballpark with these. >> charles: all the big names are out there today. former vice president joe biden rallying democrats in illinoi

>> john: deirdre bolton for us tonight in new york. thanks.next, where you can get a get out of jail free card if you are caught with illegal drugs. first, though, here are some of what our fox affiliates around the country are covering tonight. fox 32 in chicago where police officer jason van dyke takes the stage today in his own defense. he testified today that he shot at laquan mcdonald 16 times because he kept coming at him with a knife and he wasn't sure that he had struck him until mcdonald's fell to the ground. video of the shooting shows mcdonald veering away from the officers went to van dyck opens fire. the defense is expected to rest tomorrow. fox 35 in richmond, virginia, bar for members of the militant white supremacist group from california have been arrested in connection with a white nationalist rally in charlottesville, virginia, last year. the men face charges of traveling to the state to incite riots and attacks counter protesters at the rally that turns deadly. this is a live look at los angeles from fox 11, one of the big

deirdre thanks. melissa: easing trade tensions, president trump taking a victory lap in a press conference after striking a brand new trade deal with canada and mexico. blake burman from the white house. that was quite a press conference. reporter: close to an hour, more like an hour and 15 minutes. president trump in the rose garden press conference describing the u.s. canada mexico agreement as historic. he said this would be specifically a win for dairy farmers and big win for auto industry as well. that it will transform the u.s. back into a manufacturing powerhouse. the reality of this going forward, the congress, the next congress that comes into session in 2019 have the ultimate day. they will have to give a thumbs up or thumbs down vote. president's trade rep bob lighthizer feels they won't have a issue on cap -- capitol hill. the president acknowledged there is some political uncertainty surrounding this. >> then it is up to congress. >> right. >> you're confident i get that. >> not at all c

liz: thanks, deirdre. thank you so much. former obama attorney general eric holder doubling down on his attacks against republicans saying, quote, when they go low we kick them. michelle obama former first lady not happy about eric holder use her motto. we'll tell you what the first lady said, that's coming up. >>> and the media doubling down on piling on, on kanye west. media meltdown here, we've got the liberals lashing out against kanye. those attacks next. >> people expect if you're black, you have to be democrat. that is the reason why a lot of black people end up being democrat, but it gives me power in a way. there are industry guys, nonpolitical, no [ bleep ], put the beep on it however you want to do, it five-second delay and go and get it done. if he don't look good, we don't look good. this is our president! ron! soh really? going on at schwab. thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i

deirdre bolton, on the floor of the new york stock exchange. you can't keep the buyers out. >> this is a pretty big turn around f you show the chart, the dow was down, you probably remember around 200 points near noon. we're just finishing higher. so the pockets of strength were really consumer stocks, both discretionary and non-discretionary. if you look at the dow, you had walgreens, walmart, these stocks really lifting the average up, the weight at the open and really stayed there throughout the day and closed the day down especially for the s&p 500 all the tech stocks. so if you look at the dow, that is pretty much emblematic of the larger session. you had names like cisco and microsoft really weighing on the average. if you look at 10 industry groups that comprise the s&p 500. for most of the day we were a 70-30 split. seven out of 10 groups down, only three higher. consumer non-discretionary along with utilities and financials, those bright spots limited broader losses. as we got towards the close, we saw a little bit of a shift, instead

ashley: deirdre bolton, what is it about october and stocks?d we be -- >> go ahead, ashley. >> by the way that thing has flees. >> thanks, charlie, a little pertinent information after the fact. for the past 50 years, if you look at data, you will see october is actually the most volatile month. we have fixed charts everything else that proves it. always have the spike in october. oddly enough, actually on average, october stocks finished higher. however, some of our great missteps, 1929 for example -- ashley: it was a biggie. >> 2018, i shouldn't skip 1987. 2018 technically started in late september, but clearly carried over in october. it has justified reputation for being the most volatile month bar none than the others but not always a down month. these days pretty clear yesterday and today we're looking at a showstopper. ashley: charlie you brought in the blackbird. i have no idea why but thank you. i have had a couple of analysts say, you know what, it is okay. it is not capitulation. it is shaking the trees. it is not a bad thing. those

liz: thank you very much, deirdre. on bitcoin's tenth birthday, this very day a decade ago, the digital currency first burst on to the scene by an anonymously written white paper, captivating both investors and -- and regulators. what's happening now? we'll be right back. ♪ can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you. liz: it's bitcoin's tenth birthday party but one of wall street's biggest names in banking refusing an invitation to the party. jpmorgan's jamie dimon dropped the s-bomb over bitcoin. smashing cake right in crypto's face. get ready with the towel. >> i didn't want to be the spokesman against bitcoin. i don't really give a [ bleep ]. that's the point, okay? liz: did he say the "s" word? just about every crypto currency from ripple to bitcoin faced an uphill battle with traditionalists. i'm talking about bankers and market regulators. but the guy's sim

there is so much on the line in electing deirdre did year, that will be a statement of who we are. [applause] sen. harris: i'm here to thank you -- i'm here to thank you. look how far we have come because of the work you each have been doing. look how far we have come. anare now 15 days away from election that probably is one of the most important elections of our lifetime. moment, witho this this momentum, because of the work each of you have put into fighting for the best of who we are as a country. that is what is at stake, fighting for the best of who we are. i've been talking with folks all day. this is how i think about this moment, this is an inflection moment in the history of our country. this is a pivotal moment. being aof this as moment in time similar to the moment in time my parents met when they were graduate students at the university of california of berkeley in the 1960's and active in the civil rights movement. this is a similar moment in time. this is a time that is requiring individually, and also collectively, to look in the mirror and ask this question i belie

we will see what happens on november 6th. >> neil: there you, deirdre.tation for being the bluest of blue states. it isn't entirely. there is a red pocket there the democrats are convinced they can turn blue and fast after this. ♪ when the moon hits your eye ♪ like a big pizza pie ♪ that's amore ♪when the world seems to shine ♪like you've had too much wine ♪ that's amore ♪ bells will ring ♪ ting a ling a ling ♪ ting a ling a ling more to love. applebee's new neighborhood pastas. now that's eatin' good in the neighborhood. i love trucks. whoa! what truck brand comes from the family of the most dependable, longest-lasting full-size pickups on the road? i think it's the chevy. ford. it's not ford. i think it's ram. not ram either. that's chevy! it's chevy! gorgeous. get a total value of eleven thousand dollars when you finance with gm financial. that's over 20% below msrp on this chevy silverado. find new roads at your local chevy dealer. find new roads why didn'at hilton.com,r family vacation on a travel site? i get the price match guarantee. and i can cho

that's a lot of good stuff, deirdre. david: let's go back to veronica, peter, keith. keith, what do you think about object? you saw suggestions of why this is such a volatile month. do you agree? >> it is obviously a volatile month. there is something about -- why do we have weak first quarters? it is very hard to put a finger on these things because you're always looking backward but the end of the fiscal year, that is a fundamental that's there and with us. it is going to have a consequence because of things like government contracts. the fact we have an election coming up every other october. that is very big. less's face it. people are nervous about the democrats taking over. do we want cortez from new york making economic policy? i think not. david: yeah. i think, keith, we heard about that from robert schiller, he was suggesting finally somebody taking us closer to capitalism, not further away from capitalism. that does make a big difference. you have to look at the grand picture, we're still in the middle of that. no matter what happens in the midterm, presiden

deirdre bolton is here to break it down. what's up, deirdre? >> october is living up to the reputation being the most volatile month in the calendar. if you look this month, even despite today's gains and this week's gains, i want to underline green on the screen today, green so far for the week, this is where we stand for the month. obviously red arrows here, down 3 1/2%, 4 1/2%, more than 6 1/2% for the nasdaq. the bright spot, the storyline we're following through the week is about earnings. we have seen numerous companies from various industries perform better than expected. when we have seen the green arrows this week, it is almost one for one been about that. so you have american press, axp, paypal, skechers, left over from last night. all the companies exceeding expectations. we're still at the beginnings of this earnings season. 15% of s&p 500 companies have reported. but of that 15%, about 83% have exceeded. that was really a big question going into this earnings season. is the bar too high? so far, so good. so far look at dow winners.