now let's talk about dupont. you're executive chairman. this is going to be a company, electronics and imaging, safety and construction, nutrition and health, that sounds like to me five more companies. could it happen? you've done it >> absolutely. what we've done with the board, our new board, which by the way, we recruited some great people we want to run the company the way it is. i think it's going to trade very well it benchmarks against the best multiindustry companies in the world. i benchmarked it dpeagainst the best multiindustry companies the margins are right at the top of the heap at 28% so i think that says a lot about the health of the business we'll always look at all our options. and if we see a better path to create shareholder value, we would make some moves with the portfolio. >> i was surprised the stock came down so much. what is the most underappreciated about dow due point by investors >> people are starting to study it it was a confusing story and it took long to accomplish it because of the anti-trust approvals. w

that is ed breen, ceo of dow dupont.hank you, sir. >> we will get cramer's mad dash >> we will get cramer's mad dash and count down to th instead if getting caught up with the crowd, the investment managers at pgim take a long term view. uncovering opportunities for alpha across public and private markets, bell in a moment. bell in a moment. don't go away. partner with pgim. the global investment management businesses of prudential financial, inc. the global investment management businesses of your company is and the decisions you make have far reaching implications. the right relationship with a corporate bank who understands your industry and your world can help you make well informed choices and stay ahead of opportunities. pnc brings you the resources of one of the nation's largest banks, and a local approach with a focus on customized insights. so you and your company are ready for today. >>> futures are up in this first day in november. positive for all three major indexes for each of the past wrs yea. wrs yea. wei

dow dupont issuing one of the biggest offerings of 2018.his is "bloomberg real yield." ♪ ♪ jonathan: i am jonathan ferro. this is "bloomberg real yield." italy offered more than $6 billion in bonds. they cleared the upper end of the auction amount. the 2025 and 2028 bonds saw the lowest ratios respectively. china's biggest lender pulled dollars in the united states, concerned about the trade war. here in the united states, dow dupont has the sixth-largest deal of 2018. they sold more than $12 billion as they prepare to split into three new companies next year. still with me, gershon distenfeld, kathleen gaffney and over in london, james athey. james, i want to get to the recent comments from the vice-chairman of the federal reserve speaking to cnbc. he said the following. "if you're in a dark room without your shoes on, the want to go slow so you don't stub your toe. data dependence makes sense right here." is the market taking this as they are about to slow down the pace of rate hikes? james: i will be opposing that to be honest. obviously

here in the united states, dow dupont has the sixth-largest deal of 2018.y sold more than $12 billion as they prepare to split into three new companies next year. still with me, gershon distenfeld, kathleen gaffney and over in london, james athey. james, i want to get to the recent comments from the vice-chairman of the federal reserve speaking to cnbc. he said the following. "if you're in a dark room without your shoes on, you want to go slow so you don't stub your toe. data dependence makes sense right here." is the market taking this as they are about to slow down the pace of rate hikes? what did you take it as? james: i will be opposing that to be honest. obviously we are about a broader committee than one single-member. richard clarida does take up an important position, but i'm looking to chairman powell for my signal. i have a different interpretation to that from his speech. he mentioned the fact there are global headwinds but he has been very clear since day one of his time as the chairman of the federal reserve. he is not going to be buffeted arou

live a dupont circle. derrick ward, back to you. >>> meantime, we are following a developing sty out of memphis, tennessee where six people have been shot. one person died at the scene, the other at tos tal. a local reporter snapped this ome where tside the it happened. police say the victims range in age from 13 to 21. they haven't released details on what happened. the four surviving victims are in the hospitait their cons range from serious to critical. >>> prince george's county police officer is suspended, accused of taking hundreds of dollars in exchange for not writing citations. the cleef said this officertid s to at least two different people. he didn't release officers' names because he doesn't want to warn anyone who may be colluding officer. he wants to find out if other citizens were offered the deal. >> they are not culpable because of the force of authority that an officer has. i completely understand that dynamic. that citizen if proven to be trueill not be held responsible. >> the accused

i have had for five different careers even in dupont.ty to move into sales and marketing. managing businesses overseas in asia-pacific. now more of a general management area. through it one thing that has been constant is my love for active cultural. a reminder you can catch our interviews on the bloomberg function tv . news andind breaking an electrically with us. chart.ut this crude oil entering a good support zone. talking technicals on oil and the worst selloff we have seen on record. from new york but this is bloomberg. >> time for options inside. from chicago, happy friday to you. it is interesting. we have gains for the major averages. we have the selling pressure on the day. what was the trigger? a lack of confidence? >> possibly that is part of it. getting through the threshold of the elections and focusing on the issues the market was dealing with, global growth as you indicated, a couple of commodity spaces. , ahink we have a big run-up nice reaction. now we're just giving up some of that ground. sign weat least a good mig

boosting the same index, dow dupont, upbeat outlook. 16% in october but they have announced a 3 billion-dollar buyback. ashley: there you go. stuart: that is shot in the arm. nearly 6% higher for dow dupont. we have a lot to cover in the next hour. president trump says he wants to send 15,000 troops to the border to deal with the caravans. i say with you know live in an age of mass migration. i'm glad the president is taking a very hard-line. i will see if tom homan agrees with me. he used to run i.c.e. >>> google employees around the world walking out, protesting handling of sexual misconduct claims in the company. we'll talk to a lawyer defending a former google employee in a discrimination suit. and this, outrage just, cnn's don lemon says the biggest terror threat in our country is white men. he said it. i will pay it for you. you are watching the second hour of "varney & company." ♪ i am an independent financial advisor. it's our name on the door. we are accountable to our clients everyday. we have the freedom to build a plan. a po

the hour, dow dupont shares are storing -- are storing thanks to china.his is bloomberg. ♪ david: you're watching "balance of power." shares of dow dupont are headed for their best day since december of 2015. the companies strong third-quarter results showed concerns were overblown. kailey leinz is here to explode -- is here to explain. iley: earnings came in above estimates and reaffirmed their and -- theirdance merger. about $300 million more than the last forecast, $600 million more than their original forecast. great news for investors. also announcing a buyback before the company splits into three. what i want to highlight is what happened in sales. sales were up 5%. that is showing pricing power. they are seeing strong sales growth in two areas were companies aren't, that is china and automotive sales, seeing headway in that area because of things like tariffs in china and the company lowering past that. , thesales were up 10% company chalking that up to the purchase of plastics and electric vehicle parts. on the conference call they talked about th

. >> who sells best to standout side than derrick ward at dupont circle. derrick, there's a hypothermia alert? >> indeed. the dtrict tended its hypothermia alert until further notice. that will be when we it this 40 degree mark. that's generally the cut off. but we're always caught by surpriseith the firstold snap. we're here at dupont circle. you can see the thermometer when it changes, 33 degrees. it was reading32 when we got here. so temperatures are rising. but if you are o last night, take a look at video of folks who happened to be out last raght and with the wind and the colder temres that we had, people were caught by surprise and are wpped up. we spoke to someone who talked about what it would be like to be in our hemisphere. >> what's it like back home? >> right now it's probably like 100 degrees itfahren >> that would be a whole different set of problems if it was 100 deges but on a more serious note. sa have heard from an anc commissioner wh the district may have -- i have to emphasize may have --ex erienced its first hyperthermia death. a home

we have dow, dupont earnings at the top of the show.ings including spotify, the "new york times,"petroleum, cigna. a lot of things happening today. we'll also talk about the earnings you can expect after the bell tim cook's birthday today. happy birthday to him. ian shepherdson will be our guest host from 6:00 to 7:00 a.m. we'll talk to him about what he's seeing not only on the macro economic front but also things happening around the globe. and tom lee will be our guest host from 7:00 to 9:00 we'll talk to him not just about bitcoin but what he thinks is happening here with the end of october. is this a new start for the markets? will it go up from here? we'll find out what he thinks. and stacy cunningham will join us from the new york stock exchan exchange we'll talk to her about the volatility in the markets. maybe get into the debate about rates. the s.e.c. saying some of these exchanges can't raise the rates they're charging for some data feeds. got into a discussion the other day with not only an s.e.c. official about this but al

dow dupont is similar. the truth is they've shown they're doing great. they should be bought.y stick with cramer. >>> do not miss our big veterans day show on monday kevin johnson, ceo from starbucks. kevin han kevin mandia, this is going to be terrific and, of course, studio and i will be proud to have the veterans, their families and active duty folks from all over the country. by the way, just before we go, skyworks, micron, wow. semis getting killed i always say that's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer i'll see you monday. as we go on, it gets tougher. i know. do you want to hear the deal? i really do. $404,000. deal or no deal? i'm going home with $1 million, sweetie. no deal. hello, and welcome to "deal or no deal." in 2005, i took a job hosting a little game show called "deal or no deal." open the case. before i knew it, it became a national phenomenon. there were the incredible contestants... this is my last day as a poor man. you can take the picture right now, 'cause i'm going home with a million. ...the abs

. >> reporter: since then, it's become a tape is from him dupont circle to points east. d.c. stop shops made in in dupont circle. >> so everything in the store is made by a makor that wks in d.c. so everything is made in d.c. mumbo sauce right here. >>eporter: while growing up in the area, she hadn't heard of mumbo sauce. it's a different 74hese daysly know that people come in here. i know it's a d.c. thing. >> reporter: a 2013 patent office decision attributes mumbo sauce to a chicago compy, one local maker begs to different. >> what's culture and relevant are two different things. >> repter: we spoke to1 of the people behind capital city mumbo sauce. >> if ohave t go by what my grandmother told me, she was eating mumbo sau in d.c. in the 1950s. >> reporter: next stop, an undeniably d.c. thing horace and dickey's off k street. there is no question. >> i'm from d.c. ever ody know that. >> reporter: while the colors an contests may vary, it's clear it's a d.c. thing. quintessentially speaking or not. >> can't nobody take that away from here. that's like saying goo is not from

i like my old company, dow dupont. charles: you like dow dupont? you like beaten-down names.o you like them as defensive stocks, or not matter what happens tonight? >> as defensive stocks. if the polls get it wrong again, the republicans pull off some sort of a 1980 miracle, olympic analogy, i'm all in, putting chips all in tomorrow. i think we're in for a market melt-up to the end of the year. >> i have to take the other side of that. no matter what happens, best outcome happens, market has challenges ahead. big rotation out of growth, free cash flow names. we're not out of the growth. charles: this was a dark cloud, right? unknown of a midterms plays some sort of a role. >> markets don't like uncertainty. this is the most uncertain thing i lived through. charles: i like action of martin marietta, materials. i've been done on them but they have come up huge. i was reading the statement from the company, talking about the fast act, passed overwhelmingly under barack obama, $300 million. i think president trump could get something done on infrastructure, no matter the outcome.

we're talking wells fargo, sales force, and dow dupont to name a few all down more than 20% from recent highs plus, the new report that has apple investors selling today. "the halftime report" starts right now. >>> welcome. good to have you with us on this monday here to debate and trade are joe terranova, steve weiss, jon and pete najarian, good to have you here today >> thank you >> let's begin with the markets. major averages in the red to begin the week tech is a focal point. joe, go to you 40% is in bear market territory. the latest note is doubling down on where we are. the bear market is here. we are in a bear market. i could go down the list of names -- you know about facebook you know about net flix, ibm, dupont, sales force, wells, 3m, texas instruments. >> it's technology that will have to find some stability if the market is going to reverse and i think the highs are in the market is going a lot of different places i think technology is where you do want to focus and you want to understand that we're not even seeing this strong buyback season lift the technology season i thi

instlation will begin today of new pipes for chilled air service at dupont circle and farragut northhase expected tohe last two wee crews will work between the hours of 9:30 a.m. and 3:30 p.m. closing sections of connecticut avenue between desaleand l streets northwest. this saturdayl metro use a crane to lift pipes top the rocooling tower in the 1100 block of connecticut avenue which will result in the temporary closure of the bike lane on l street. >> taking a look aso treep dtr author j.k resowlilngme sry areo journalist jamal khashoggi. the open letter to the uncrary t start an independent investigionpped streep and rowling's signatures are o are on the let. more than 100 other celebrities have also signed that letter. >>> a 22-year-old falcon servina mascotor fmy ancovered after sufferca ajury k saturdaypr to west point. according to the colorado springs gazette west point cadets took the birfrom an army colonel's house as part of a prank. at the time the newspaper chacterized the injury as potentially life-threatening. however the air force academy tweeted this update saying it

i will buy this sector >> i had dow dupont on last week, splitting into three dow dupont had an unbelievable quarter. we're only at 10%. nobody cares i think that's great value ed bree knows how to make money. he's passionate about shareholders but nobody cares because ethane ticked up do you think it will stay up. >> what happens if the dollar stays up the highest level since june of '17. gigantic headwind, isn't it? >> it is i think people would be excusing that if you look at pepsico. pepsico keeps going up coca-cola. >> two monsters. >> do you want to just keep buying coke? do you >> you could own both. i own both >> how is that diversification >> what's wrong with that? >> they're the only ones that are left aren't we all hiding in pepsi, procter, mccormick spice >> i think that's offsetting their dollar exposure. there are other sectors that have plenty that no one is buying >> what about health care? >> i like health care. >> merck >> i like merck. al allergen >> do you like ge? what do they do? >> somebody wants to nope the answer to that what do they do? >> that look does say it all

chlorpyrifos made by dow dupont is currently used on about 60 different crops. california's department of pesticide regulation issued temporary guidelines that include banning it from crop dusting and discontinuing its use on most crops. they ordered the epa to remove the pesticide from sale in the u.s. the epa is appealing the ruling. >>> if you've started your holiday shopping and are thinking about buying all the gifts in the 12 days of christmas, you'll have to pay more this year. all the gifts will set you back thirty nine thousand ninety 4 dollars ninety 3. that's 450 bucks more than last year. some items like the pear tree, two turtledoves are the same price. but the price of five gold rings went down. brook. >> someone needs to explain to me where you buy a leaping lord. >> i don't even know. >> thanks so much, diane. >> all right. >>> still to come, an act of kindness. a school custodian is recognized for helping out a student in need. thanks to move free ultra... i walk with this girl. ride with this crew. do the wave with these guys. and hang with thi

at the dupont european technical centre in geneva, they've developed a material that can withstand extremelyde of material that bubbles when exposed to high heat, insulating the wearer. it has been proven that if your body temperature, core temperature raises above a certain level, you start doing the wrong decisions, it affects brain functions and you don't want that to happen for a firefighter. eventually he would not realise when he is in extreme danger, he would realise it too late. you can feel how raised the surfaces, these bubbles, for want of a better word, have lifted off the fabric compared to the bit that has not been exposed to the fire. naturally these fabrics have to be vigorously tested and certified and in the centre's own lab, they conduct a variety of burning tests to ensure robustness. as a comparison, i look at what happens when the same tests are conducted on regular cotton. the result was rather terrifying. my goodness. i mean, it's completely on fire. it's burned through. they've also developed a smart heat—sensing glove that firefighters can use to detect the temperat

. >>> one of the dow components that helped lift the industrial averagoday was dow dupont. that company topped wall street estimates on stronger demand for ch used in cosmetics and paint and that helped offset slowing agriculture business. the world's largest chemical maker announcedla to spend $3 billion buying back its own shares over the next sear. and t shares rose by 8%, making it the best performer in the dow today. >>> before the president's tweet this morning, the head of black rock said things between the worse d china could g before they get better. he made the spmments while king at "the new york times" deal book conference. >> i was in china a few weeks ago, and i do believe we are going to igo,the path remains the same in the next few weeks, we're going to have a full-fledged tra war. >> as you may know, he's the headf the world's largest asset manager and one of the most influential figures in global finance. >>> with economic growth in china slowing, it appears that consumers in tt country are saving more and spending less. but that ay not necessarily be that

find it in dupont circl esn't get more d.c. than that. here at the shop made in d.c.awhere everything is d.c., mumbo is a hot item. >> i know people come in here specifically looking for mumbo sauce. they kno it's a d.c.pe thing. i'onally from alexandria. i do not know the back story. >>imeporter: over by the sp boat, we found someone who remembers pouring it on as ear as 1967. >> it has the zest, that tang. it was not too sweet, not too sour, just perfecr: >> repor at horace and dicky's seafood -- >> everyone's saying mumbo came from somewhere else. >> reporter: back in 2013, the u.s. patent office gave legal bragging rights to a chicago rib joint joint. but the maker of capitol city mumbo sauce sayer recipe are based on strong d.c. tradition. >> if i have to go by what my grandmother told me, she wasum eating sauce in d.c. in the 1950s. >> reporter: now she's selling it as far awha as astan. >> it's a good d.c. thing. mumbo was is hot sauce and tchup. it's great. >> reporter: a spokesperson for mayor bowser said she was simply trng to give residents something to tal

we'll get dow dupont also spotify will come this hour it's thursday, november 1st, 2018, "squawk box" begins now! ♪ >>> live from new york where business never sleeping, this is "squawk box. >> good morning, everybody welcome to "squawk box" on cnbc. we are live from the nasdaq market site in times square. let you in on this, some shows walk a lot we don't >> if you're not going to -- how can you report business news if you're not walking >> this is true. it adds to what you're seeing. the context. i don't know >> all right >> we have a lot -- we have eight floors we could work with here >> we'll experiment with stuff you can come along >> no, we're not >> i'm becky quick along with joe kernen andrew will join us in the 8:00 hour to talk about his guest rock lineup, including larry fink, mary barra, investor peter thiel. joining us for the hour is ian shepherdson. great to have you here >> thanks for having me. >> ready to walk >> ready to go >> he volunteered. >> we will start with the october selloff. the dow gaining 241 points yesterday but finishing the month down by 5.1% the s&p

materials is postsing a nice boundback among notable gainer you have chemical producer dao dupont up1%. then the industrial side one traders have been watching on being on the front lines coming to stock market reaction to the china trade developments and tariffs and whatnot. after taking a hit in october it's bouncing back as well a bounce back for united rentals up 15% this week, construction equipment giant cat perfect pillar with business in china up 10%. they are bouncing that's a step in the right direction can the bounces last is the question back to you. >> thanks, dom >> despite the rally carter says one of the names could be nothing more than a dead cat bounce back at the plaza to break it all down >> right we are looking at caterpillar. what we know is that the stock market was able to rally this week because of heretofore very beaten down stocks from housing to materials to industrials. all of which ricochetted 10, 15% in some instances. those are not positive moves those are dead cat bounces stocks 10, 20% moving up 12 doesn't change a thing let's look at the materials s

materials is posting a nice little bounce back you have chemical producer dow dupont up around 11% justhis week alone then mining company new mont has gained around 8% one traders have been watching as being on the front lines when it comes to stock market reaction to the china trade developments and tariffs and whatnot. it's bouncing back as well among the big winners in the sector, a bounce back for united rentals up around 15% this week. construction equipment giant caterpillar which has a lot of business in china up around 10% for the week then you've got farm equipment maker deere up around 7% now, melissa, we have not reclaimed new highs. but they are bouncing and that's probably a step in the right direction. now can the bounces last is the question back over to you. >> thanks, dom have a great weekend >>> despite the rally, carter says one of those names could be nothing more than a dead cat bounce he's back at the plasma to break it all down. >> so we'll look at caterpillar. what we know is that the stock market was able to rally this week because of heretofore very beaten down

lauren: dow dupont. cheryl: good mix of earnings coming up that we will be watching.watching mornings with maria. maria: thanks for joining us, i'm maria bartiromo, thursday november 1st, yes, happy november, top stories right now before 6:00 a.m. on the east coast. markses pointing to another day of gains this morning, take a look at the markets here with the dow industrials up for triple digits, up 120 points, s&p 500 is up 12 and nasdaq with gain of 27 points, that's one-third of 1%. after markets closed gains yesterday, dow industrials pretty powerful rally, up 240 points, s&p picking up better than 1% on the session, 29 points higher and nasdaq up 2%, 144 points higher yesterday. for the month, major indices were down sharply as you know, here is what it was when all said and done at the close yesterday, dow industrials for the month of october, down 5%, s&p 500 down almost 7% and nasdaq hardest hit for the month, down 9 and a quarter percent. president trump touting the economy with just 5 days to go before midterm elections.

you are seeing west lake reporter is really great today that's the reason why you may want dow dupont i know needs to coha. >> we need to get a big cold snap too led to some of this >> absolutely. >> i think it is exciting time because if we get through this midterm and we get a fed's statement of any kind, which says hey you know what, we'll put a rating increase and we'll watch, that's it that's the scenario which makes it so the bears -- like in jersey when they have the day where you are allowed to shoot them it is going to be that day >> the bears are all over the place. >> yeah. >> real quick from my world. you mention buy backs, it is up strongly this morning. they're buying back a lot of stocks >> that's a more balance sheet >> what do they got? a letter f balance sheet you are on it. yet they bought back and they have a target of $5 million in share buy backs, altice usa. they did have a good trend revenue growth and the overall numbers did not looked bad at all in the market responding accordingly. you are right, jim, they chosen to keep with the buy backs >> or service. how

call has the environment become too hostile to anything cyclical you have a similar situation of dupont the aerospace business is too valuable and the stock market does not give it credit. it is joined at the hip at oddis elevators. the bottom line is line you can't own united technology in a vacuum i think the stock has come down so much that it is worth investing in here because the share price reflects a lot of negativity and not much of anything going right let's not forget real head winds take that into consideration before you pull the trigger. and this bear has managed to maul anything related to china and united technology new or old related to china dick in virginia. >> caller: thank you for taking my call. i am sitting here with five doggies waiting to be fed dinner, so let me ask you my question i have honeywell and it hasn't traded very well and spun off the rezi and that hasn't traded right. is it time to give up on it? although i shearheard that unit technologies is splitting up in other countries. should i buy, sell or hold. >> honeywell 143, i like i am telling members o

. >> y can find it a the shrimp boat or dupont circle. it doesn't get more d.c. than that. here at the shop made in d.c. where everything is d.c.-made, it's a hot item. >> people come in here specifically looking for this sauce. >> over by the shrimp boat we found someone who remembersn pouring it early as 1967. >> it has the st, the tang. it was not too sweet, not too sour. just perfect. >> here on 8th street. >> they say it came from someone else. back in 2013 the u.s. patent office gave bragging rights legally to a chicago joint that bega serving it in the gi50s y. but the maker of another sauce says her company and recipe are based on strong d.c. traditions. >> if i have to goha by my grandmothers told me, she was eatingmumbo sauce in the 1950s in d.c. >> it's a good d.c. thing. it's hot sauce and ketchup. it's great. >> reporter: a spokesperson for the mayorays she was trying to give washington residents something to talk about over the thanksgiving holiday other than midterm e elections or shopping. based onhat we're hearing, missionaccomplished. we're by the big chai

you are a believer in this >> i am a believer i had breathe on since the ceo of duponte and that stock there are government, a lot of government that you have to answer to they seem to drag on and on. there is a lot of people just say okay, we had the pop and now i want to take the profit given the fact that we had the pop in dow duponte. you will get the first one >> we dade complete round trip on the round thing, not happy. i think people who buy united technology here will be rewarded and not like when cigna bought, cigna fe cigna immediately fell >> it was a good call on your part, i remember the day >> that did not get mentioned in the piece today in "the new york times. >> kind of an interesting piece. my wife she must learn that i have a morning show. >> we shout out to g.e. and ibm and campbell and sherwin-williams is in there >> i know. there was an upgrade, the upgrade for the curing of dr. pepper ibm stands by the fact that it has much more cash flow. i do not have an answer for g.e. >> answer being what campbell soup can be like kraft. >> we don't talk enough of the disaste

slowdown, but i agree with you i think it represents good value with a 4% yield, but i do prefer dow or dupont was the lightning round >>> countering the gloom 3:20 this morning because i heard some guys will get you up at 3:30. does anybody else blow their nose on tv besides me? you should always have a hanky long term versus short i'm going in here with a hacksaw. you didn't get me a hacksaw. >> hello, jim. >> sometimes i think they're kind of like david blaine levitating the merger butt got hit. that is karma. that's juju. that's juju. we have jujus have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad education to take your trading to the next level. only with td ameritrade. >>> whenever someone manages to stump me by calling in about a stock that i don't know or don't know well enough to form an opinion, i always take time to do the research and get back to you. although sometimes it takes a while to clear the backlog on september 14, dot in virginia aske

we're talking wells fargo, sales force, and dow dupont to name a few all down more than 20% from recents, the new report that has apple investors selling today. "the halftimre

dupont was a good figure yet apple after the close last night in the united states, concerns about the outlook and concerns about iphone shipments going forward. it's the high beater sectors leading, including basic resources, banks and technology moving to the upside the only sectors under pressure, you can see it there, all three of those, utilities, food and beverages and telecoms are defensive. kering is up 6.4%. the luxury goods group having a good performance we've got today not only payroll data, but stress test data later on erste group down 2.11% i know bt is down 1.5% >> president trump says his administration will require immigrants seeking asylum in the u.s. to enter the country through a legal port of entry. this comes as trump hits the campaign trail five days before midterm elections with immigration a key topic in the run up to the vote peter alexander has more. >> reporter: this is peter alexander in missouri. president trump upping the ante, trying to drive home immigration as the defining issue of the midte midterms the president announcing his plans to sign an execu

materials fueled by dow, dupont, industrials and consumer directionary among the leaders as well. scott. >> contessa, thank you very much i'm scott walker here's what we're watching this hour the three big on the earnings front key things investors will be focused on then it's the countdown to the october jobs report. >> that report is out tomorrow morning. hard to believe we're getting a jobs report. >> already that's exactly where we begin, the expectation for 188,000 project for november steve leishman is all geared up. >> you have an economic report on the horizon >> you are a lucky man, steve. >> don't forget fed meetings that's like. >> think of how much -- >> 20 christmass a year for me anyway, we can move on i do want to point out one thing, tomorrow's jobs reports will be watched closely by the fed. wages rising, you saw that on eci yesterday, if we raise the gdp, we need more workers. economists say we need as many as 1 million new workers every year just to add a half point percentage point to potential growth here's the math. we have 162 million people in the work forc

about applications, it's about building community, or in the case of one of a great customer we have, dupont, it's integration. and the ability to integrate everything together. it's so important for so many of our customers. >> i know you're working with ed breen to make that happen over the threeway split one last thing -- >> great executive, ed breen. >> he's fabulous any sense that we've had tim cook call for regulation, you've been at the vanguard saying facebook is not as customer centric. do they need a big change? do they need someone at the top or chairman who understands the importance of the customer as opposed to the data? >> well, jim, you know that every company has to hold themselves to a new level of trust. and if your brand is not about trust you're going to have customer issues, and you can see that in that brand, but you can also see their executives are walking out, employees are walking out. and that happens with a lot of companies in tech right now. we've had a lot of walkouts this quarter, jim and the reason why is because it's kind of a message to the executives, it's

we'll speak live with the shell chairman, former dupont ceo chad holliday about the biggest issues facing u.s. companies "closing bell" starts right now. ♪ holiday, celebrate >> good afternoon. welcome to "closing bell." let's get straight to the markets. now comments from fed chair jay powell sending the dow soaring, rallying 560 points at the high, currently higher by 470 points, so 2%. >> just below neutral is a long way from neutral which is how he characterize it had back in october. that was all the market needed to hear to take off and rally. every sector is higher right now led by tech. >>> except for utilities which is slightly red. today's advance by the dow, s&p and nasdaq are their best in three weeks, and i would just note that the dow is up 1,000 points since samuel, my son, was here at the floor. more on what pole said today with steve liesman steve, the big headlines, what stood out? >> fed chairman jerome powell, ignited, as you said, a powerful market rally saying the fed is, one, not on a pre-set course to raise rates and, two, the fed is just below the range of neutral

i was watching the weather forecast and they said the dupont is low. -- the dew point is low. >> overnd we saw firefighters trying to catch a break. they have been working a long time. friday night we met a team starting at 3 am and they were still going at 9 pm. they have been working extremely hard. we saw those of the hotel and they were able to catch a break. >> in northern california and up and down the state, one is the air quality? we know we have a lot of flight canceled and delayed. do you have any reports from lax or any other airports being affected? >> we haven't seen that lax was affected but talking about the air quality it has improved a lot. that is what we are experiencing since friday. friday was tough. that was one the fire was the closest and when the wind was at its worst. there was a lot of ash and smoke blowing around. the last couple of days it has improved. this morning the skies looked clear. when the sun comes up in the wind starts to blow, we will see what happens. as of now this is the best air quality we've had in 3-4 days. >> that's good news. we underst

it is not just the dupont system , morgan sewer making money. it is everybody who is making good money. everyone except the cotton farmers. this is what it looks like. the american trade balance of 1914. it is negative to europe. look at christmas by that year. this is great for america's pocketbook. it is not so great for american morality. you can see mary roberts reinhardt after westinghouse picked up an enormous contract to make shells for the british. she said pittsburgh was fattening on catastrophe. a tennessee minister began to preach sermons under the title have we a right to our present prosperity? the question was if the u.s. believes britain and france are on the side of the right and if our relationship to this war is to make money, what does it say about us as a people? what does it say about america? what are we and who are we? this is a series of tennessee sermons i found in nashville. he keeps coming back to this theme of who are we. there is a terrible thing going on on the other side of the world. we agree the german army -- ar

>> repor fr: you cand it at the shrimp boat, dupont circle. it doesn't get more d.c. than. that the shock made in d.c. where everything is d.c. made, hmumbo is a item. >> i know people come in hereal specif looking for mumbo sauce. i'm specifically from alexandria. i po not know thek story. >> reporter: over by s tip bo -- shrimp boat, we found someone that remembs putting it on since 1967. >> it was not too hot, just perfect. >> reporter: just at 8th street. patent 2013 the u.s. office answered the question giving bragging rights legally to a chicago rib joint that began serving it up in the '50s. the mer of capital city marsha jones says her company and recipes are based on strong d.c. traditions go if i have t go by what my grandmother told me, she was eating it in d.c. in the 1950s. >> reporter: they heard about it in afghanistan. >> it's mumbo sauce, hot sauce and ketchup. it's great. >> reporter: a spokesperson says she was trying to give washgton residentsomething to talk about over the thanksgiving o holidayer than packup quarterbacks and shopping. based on the buzz

this includes goldman, ibm, caterpillar, dupont. additional 11 names in correction territory. oft those is trading above the 52-week high. on the s&p 500, you have 200 stocks down more than 20% from their 52-week high. that includes apple, alphabet, momentum names that are now taking us down. are in correction or bear market more than the selloff in late winter or early spring this year. nasdaq areof the below the 200-day moving average. if you are looking are some reason as to why we are not getting the bounce like earlier this year, that may be a reason why. lisa: i will take your bearishness and raise you one. let's look at colfax. it plunged the most in nine months, falling about 15% so far today. this came after they announced the $3.2 billion acquisition of an orthopedic device company. this shows how people are punishing stocks not only for general malaise but also for deals they think will not be worthwhile. colfax year to date has lost almost 40%. it has been a brutal year. it is not just the tech area. there are a bunch of potholes out here as well. abigail: take a l

congress working in tandem with this white house essentially eradicated the last regulatory year dupont administration. we just took it off the books. a whole chapter devoted to that. that's really what i tried to do. as i said, it wasn't tired and i say only impart an active therapy to get my arms around all that was happening, but that was only a small part. writing this book are this book or any book what you do the day job i have is something i do not recommend. i flat out do not recommend and i will say this again about my wife because if laura had not believed in the i'm not provided as many solid and hopeful ideas as she provided i would've given up many, many times. that this exists as a credit to my amazing wife. i have to say that again. [applause] this is one copy i carry around in his guide dog ears everywhere because i kind of like this book. i really do. i'm going to read a couple things and then i'll throw it open for questions. trumps presidency is so searing a noisy kids at times impossible to detect or discern its lasting impact. that's the only goal of this boat. ever

can't be disclosed publicly because the work will not be effective any more if that happens and the dupont really critical work of protecting our national security. it's why i was honored to go over there. but because of that, because much of the stuff can't disclose i think it's critically important that we be transparent where we can be so that the public knows, at least that the is effective independent oversight going on, even if we can't disclose everything that we're looking at. that's our all preamble to why release the semiannual report. obviously like every agency, my office has for a long time than the sum and reports that go first the head of agency and the to congress and contain all sorts of information about our reviews, investigations and not surprisingly report has been very highly classified if we continue to produce a highly classified semiannual report but also seemed to me that it was important to try to create an unclassified version that we could release publicly so that people could know about that. we released it personal to oversight.gov which is a go and do some n

dow-dupont. caterpillar, nike all rising dramatically over the past five day. decliners this past week. g.e., kraft-hines. over the past five days when you look at what this factor has done, particularly in the s&p 500, you had about 40 stocks in the s&p 500 that rose 10% or more this week and more than half of the index post the -- posted gains of at least 3% or more so this was a pretty blood broad-based rally on a weekly basis but as abigail pointed out, how much of this is going to carry over into next week? lisa: a vast majority who are looking for the haven trade are finding it in short-term dealt. two of the biggest e.t.f.'s that have benefited this year. the white line is shares of e.t.f. targeting ponds bonds that mature in less than one year. it's almost doubled its assets this year. the blue line is floating rate securities. that has also nearly doubled its assets to $12 billion as people say we're not investigating for very long term and we're generating real cash. this is the rate that people are charging to legend out dollars for three months. it