eamon? >> reporter: yeah, melissa, that's right president trump is touring some of the hurricane damage in georgia right now. he just stopped at a red cross facility to take some questions from reporters and one of the questions he got about reports that surfaced over the last hour or so that the sasd could be on the verge of explaining what happened to jamal khashoggi, the saudi reporter who has been missing since he went to the saudi consulate. since he went to the saudi consulate and disappeared. the president said he's unaware of what the saudi plans are so those reports are effectively rumors and he's tasked his secretary of state with getting to the bottom of it. here's what he said. >> what i'm really sending him just to find out really firsthand what happened, what they know, what's going on he may go to durkee, he may not. he may meet with them all together and we want to find out what happened, and he's go the instructions to find out what happened. >> the president also said that

ambassador nikki haley let's get straight to eamon javers is what we know at the present, eamon. >> cameras we'll get you that tape as soon as we can. we can tell you what's going on inside the oval office is a very friendly encounter, apparently, between the president and nikki haley, the president praising her as a key member of his administration, someone whose counsel he and hopes that nikki haley will come back in a different role saying you can have your pick of roles inside the white house nikki haley apparently leaving on very good terms with the president. we've not seen the president say that about many other figures who have left the administration he has been impressed with her tenure as u.n. ambassador. two weeks ago she ran the u.n. general assembly at which the president featured so prominently. this is somebody who understands the president's foreign policy and understands what america first means in terms of the world stage. and now the president suggesting she might be coming back to the administration in a larger role at some point in the unspecified future that's what we

eamon javers is at the white house with that angle. eamon, this makes everybody sit up and notice. >> reporter: yeah, absolutely, tyler. you can imagine what's going on throughout the companies and government agencies that are dealing with the fact that they've got these motherboards inside their data centers and they don't know exactly what they've been used for. they're trying to go back and reconstruct exactly what information may have leaked out these back doors and where it may have gone and what damage may have been done as a result of that. there's so much that's going to be unknown here, even though this investigation, as "business week" lays out, has been going on for years inside the intelligence community we just saw mike pence, the vice president, make a speech at the hudson group, a conservative group here in washington, pence putting this sort of chinese hacking as part of a broader constellation of complaints by the u.s. government which has taken an aggressive rhetorical stance against the chinese government, the vice p

eamon javers t are getting a check on some ofhe names making big moves after hours here next on the "ouncer: the take away is brought to you by columbia thread needle investments, your success, our priority. this is huntsville, alabama. aka, rocket city, usa. this is a very difficult job. failure is not an option. more than half of employees across the country bring financial stress to work. if you're stressed out financially at home, you're going to be too worried to be able to do a good job. i want to be able to offer all of the benefits that keep them satisfied. it is the people that is really the only asset that you have. put your employees on a path to financial wellness with prudential. bring your challenges. at&t provides edge-to-edge intelligence, covering virtually every part of your retail business. so that if your customer needs shoes, & he's got wide feet. & with edge-to-edge intelligence you've got near real time inventory updates. & he'll find the same shoes in your store that he found online he'll be one happy, very forgetful wide footed customer. at&t provides edge to

eamon javers, thanks i'll note the dow is down 176 points it was down twice as much earlier. off the lows let's get to rick santelli for the santelli exchange. rick >> thanks, jon before i get into it, it all meshes together, i want to weigh in with regard to the fed and the president, i would think about it this way. we don't know whether inflation is going to come back to the extent the fed is nervous about as it tries to get rates to a higher level tobuy some insurance, but one thing we do know, that is the president needs to look at this in a more global context maybe generically in a normal tightening cycle with the reactions we have seen in stocks he would have solid foundation to stand on. the reality is we are witnessing the largest reversal of liquidity experiment in the history of man, okay quantitative tightening is humongous. the elephant in the room every day, every minute of every session that we don't really talk about but in the end, i understand what the president is saying and i differentiate between edict, policy and thoughts. he loves to let us know his th

. >> they are watching closery eamon thank you. eamon javers at the white house.he markets is all what have sarah sanders said is true let's say it's true. >> yes. >> does that mean that it was -- 6% ago or 5.25% ago on the s&p 500 was that pricing that statement in. >> that's a great question because i agree with just about everything she said. right. >> right. >> it doesn't in any way take into account prices. if you read that statement, any price is the right price to pay because of all of the fundamental things are there well we know that's not the case so i understand -- this is an administration that lives by the proxy of the market as their score card i understand why they have to comment on it. but to me those are two completely different things that's happening. >> and it was the right price where interest rates were. so when you get back the recalibration, if interest rates still continue to rise in the same path but now president trump has a scapegoat in jerome powell he is on record saying he does want -- he has a scapegoat. >> the economy is doing wel

. >>> let's get to eamon javers with news out of washington. eamon? >> yeah. right.conomic counsel director spoke with reporters here on the white house driveway a few moments ago saying that google's ceo, here last week sundaya sundar at the house, kudlow suggesting that includes facebook, twitter as well as people he said who feel that the companies are not doing a good job presumably what larry kudlow is talking about here, conservatives who are frustrated with what they see as anti-conservative bias in silicon valley the goingogle ceo committing to attend that conference the white house hoping to get others as well no date yet for that conference. also had the opportunity to ask larry kudlow about amazon's decision to raise its minimum wage what he said on that front >> good for them good for -- i'm in favor of higher wages. >> making the right decision >> it's a business decision. a pretty good businessman. higher wages, terrific by the way, more people working and prospering, heard me say this before, is not inflationary a good thing not a bad thing. >> kudlow

eamon javers is in washington with a look at how the capital is reacting to the market turmoil in this of october. >> reporter: that's right. the president sitting down with "the wall street journal" late yesterday afternoon continuing to heap criticism on the federal reserve amid this market weakness that we're seeing here's what the president said yesterday about jay powell he said that every time we do something great, he raises the interest rates powell almost looks like he's happy raising interest rates the president very critical there of his fed chief, saying that he thought he was going to be a low interest guy. turns out he's not a low interest rate guy. the president very frustrated in that interview i talked to a white hous official a short time ago who reiterated what the president said before, no indication from this white house that the president wants to take any kind of steps to try to remove powell it's not really clear that the president could do that under the law. the white house official i spoke to this morning not weighing in on this debate of whether or not the p

eamon javers, you said not all resignations have looked like this, and the president took time to take some questions about china trade and other important issues as well. >> that's right, sara, you can take from that this is a president comfortable in the timing the white house scrambling to put this together, no indication in terms of gossip or rumors swirling that this was coming, but clearly the president knew it was coming. he said she told him as much as six months ago she was getting ready to leave also we saw nikki haley there douse something of a speculative boom that occurred in washington in the past year or so, she might run for president herself as early as 2020, possibly a primary challenge to president trump himself. nikki haley saying no, she is not running for president in 2020, and she will be campaigning for president trump. so extinguishing that bit of speculation that she would somehow become a never trumper late in her career nikki haley praising his leadership, praising his family, and not offering any specific reason for her departure here, and the timing of it

what he told cnbc's eamon javers exclusively is next. >>> plus, teens and tech stocks.affray taking the pulse of what teenagers like a look at what stocks could benefit as a result. "power lunch" is back in two >>> when markets get volatile, don't be afraid to admit you that don't know where things are headed when you're uncertain what to do, sitting on the sidelines is not a bad idea sometimes the best trade to kema is no trade at all in other words, don't do something. just sit there ♪ >>> two weeks until the midterms how concerned should we be about election med snlg eamon javers just sat down for an exclusive interview with former nsa director michael rodgers who joins us now with more eamon? >> that's right. michael rodgers is one of the highest-ranking former u.s. intelligence officials out there. the former head of the nsa and also of the u.s. cybercommand we had a wide-ranging conversation just a few minutes ago and i asked him about a number of topics including the saudi explanation for the fate of jamal khashoggi, the saudi journalist here's what he said on th

democrats, though feeling good after getting a second supreme court justice confirmed over the weekend eamon javers is with us. you were trying to ask a question about the president's finances. >> you heard the president toward the end, he came around to the side where i was standing a few moments ago. i asked him in light of the "new york times" investigation, remember the president said over the years he got a one million dollar loan from his father he had to payback with interest and that's all he got to get a start in his career in business. i asked the president how much did you get from your father to get your start in business, given the "new york times" story. the president said that's all documented, it is well documented i asked him if the amount was more than one million. he said it is all documented, they're all public records you heard theanswer given there. the president talking about rod rosenstein the president and rod rosenstein, deputy attorney general will be on air force one together in a couple moments time as he flies to give a speech in florida today. the president sai

back to you. >> thank you, eamon.y important >>> oracle's open world this week and john is sitting down with a very special guest. john >> that's right, carl. i'm here with oracle ceo mark hurd mark, thanks for being with me we had larry ellison's key note last night i want to dig into next generation cloud first, this market volatility. we heard from caterpillar about costs related to tariffs how is that affecting the environment for oracle a aacle oracle customers >> doesn't affect us much whatsoever but the numbers that do affect us, which again are a very small amount, i could see where it could affect a number of -- >> let's talk oracle cloud gen 2. larry ellison not pulling punches last night it would be news if he did, because he doesn't do that. >> despite coaching. >> i'm sure many at oracle try. >> yes. >> talk about security contrasting with amazon. i'm wondering, a lot of the cloud breaches i've seen have to do with user configuration error, failure to use two-factor authentication are there specific insta

let's bring in eamon javers live at the white house eamon? >> reporter: you heard the president there saying, he's going to be asking all of those cabinet secretaries for 5% budget cuts going into next year but not clear exactly what that means for the department of defense. he suggested he might ask for only a $16 billion cut in the department of defense, which would work out to about half of 5%, if i'm doing the math right off the top of my head so it looks like dod might be carved out the other agencies will be asked for that 5% budget cut and he said he might do it again the following year that is probably a response, politically here, to the news that the federal deficit has really jumped this year to $779 billion in fiscal 20018 the president aware of that deficit increase, aware of some nervousness up on capitol hill about the high deficit so signaling today, he's prepared to do something about it next year, melissa. eamon javers on the north lawn, thank you very much. eamon javers reporting >>> well, the president has been going after

javers live in our nation's capital with the latest eamon? >> that's right, dom we just got another tweet from the president of the united states the market weakness here not doing anything to change the president's mind in terms of tariffs. take a look at the tweet that he just posted a few minutes ago saying, "billions of dollars are and will be coming into united states coffers because of tariffs. great also for negotiations. if a country won't give us a fair trade deal, we will institute tariffs on them. used or not, jobs and businesses will be created. u.s. respected again." so the president doubling and tripling down on the concept of tariffs amid this trade war with the chinese. larry kudlow, the national economic council adviser, was out on the white house driveway earlier today talking to reporters, and he emphasized that the united states has simply not gotten what it wants from the chinese side in the course of these negotiations here's what he said. >> they won't let us own our businesses and they won't give licenses they've got a

is related to suspicions around the disappearance of "the washington post" columnist. >> all right eamon we continue to follow this. thank you for bringing that to us >>> meanwhile, is this sending the market a message bob pisani is with us as the dow dips lower, near session lows, bob. what's the cost? >> what we're looking at is three problems number one, there are accelerating concerns about what's happening in china. morgan stanley wasn't helpful for the bulls when they put out a note saying we think auto sales are slowing in china ford volumes could be down 40% year over year, a startling nipple, i don't know how they came to that conclusion, seems pretty large to me china market down 30% for the year add another 3, 4% decline in china, fairly large numbers and have been continuing to go down this month china is number one. number two, the rate thing, back up at 3.20 or 3.21 on the ten year yield and then the question of margin pressures. industrials that you cover, look what is going on, sealed air, textron, they're talking about higher costs, weaker foreign currency, tariff issues

we have a news alert on comments from jp morgan ceo jamie dimon let's get to eamon javers in d.c. >> jamie dimon speaking at a conference sponsored by jp morgan at ucla giving his take here on the battle between the united states and china, whether or not it's a trade war and what its impact is likely to be here is what he had to say. >> a trade war is that people stop trading with each other and that they immediately change supply lines and that will -- that will rattle the global economy. there is no question about that. that is a lot of movement around the world then you are going to have foreign trading partnership partnering taking actions. you can offset it could cause a recession. >> jamie. >> but it's not a war. okay a war is people pick up guns and people die >> so dimon there saying it's not as serious as a war obviously in which people are shooting at each other but laying out the sowers economic consequences coming from a trade war. the nuance here we need to find out more information on is whether or not dimon thinks we are in a trade war right now or whether this is red

eamon javers on the ground with the details. >> the treasuredry department at this hour declines to name china as a currency manipulator as part of the official process the treasury department putting out this report at the top of the hour, saying that although china's currency process remains -- there is not a lot of transparency around it they say the direct intervention by the people's bank of china has been limited this year they are not name it a currency manipulator. they are saying no country meets the threshold under the statute to be named as a manipulator however they say there is a watch list to pay attention to it in this report in addition to china which is on the watch list they say the monitoring list comprises japan, korea, india, germany and switzerland. those are the countries the united states is concerned about. but officially according to the report any say no country meets the threshold as a currency manipulator as of right now. >> eamon, in terms of being on the list, is there a benefit being on the watch list as opposed to to being labeled? if china had been label

javers at the white house watching it all unfold eamon? >> reporter: the suspect you're talking about, the number of law enforcement officials confirmed to nbc news, cesar sayoc jr., a florida resident there is some history of run-ins with the law that is the name we are given by law enforcement officials. you heard the president there call these terrorizing acts saying that they are despicable, praising law enforcement for quick response here but also saying that we can't allow political violence to take root in this country, not something we can tolerate in a free and democratic society the president going out of his way there to signal political violence is an absolute line that americans can't cross and praising law enforcement for very quick response. a different tone from earlier in the day on twitter from which the president complained or lamented, would be the word, about the political impact of the bombing story. he said now this bomb stuff happens and the momentum slows republicans go out and vote. a reminder that we are living i

. >> eamon javers is with us from the white house.experts we had on cnbc thus far talk about the deal, how is the white house framing this >> reporter: i don't think you'll hear a lot of details, you'll hear the president take a victory lap of sorts it will be sort of a political set of remarks, framing it as a big win for the united states and american workers behind me, they gathered members of the u.s. trade representative staff, members of the national economic council and cabinet all of whom will surround the president when he makes remarks today. you can expect the president to talk about big wins in terms of auto for american auto workers and on dairy wait and see if there are other specifics that the president rolls out. one of the things to listen for, whether he highlights concessions made by the united states you remember reporting early on in the negotiation that the president said privately he was not going to authorize concessions from the negotiating team you can see here on the podium behind me. we will wait and see wh

. >> eamon javers, are you still with us? >> reporter: you are spotlighting it calling for that 5% budget cut from all the cabinet secretaries. the president is in the cabinet meeting now. he says he's going to ask them for what cabinet secretaries never want to be asked for which is 5% less spending next year. that's probably a political response to this idea of the surging deficit, the new number out, $799 billion for fy-2018. that's a big deficit figure and republicans on capitol hill have expressed concern about that we saw mitch mcconnell suggesting he wants to cut federal spending into next year. i think you're going to see this as the beginning of a big push on spending, on the spending side of the ledger here now that the white house is finished with the tax cutting side early in the first term >> certainly something kudlow has flagged would be coming. thank you very much, eamon javers >> reporter: you bet >> important on the heels of those interest rate comments, too. >> the dow is sharply narrowed down to 66 banks a

he understands that he just thinks they are moving too quick and should low down. >> long day for eamon at the white house. >> shortly after jeffly gundlach weighed in. >> it's clearly he is crazy like a fox with the fed rhetoric where he doesn't want to take the blame if the fed overtightens and leads to a problem in risk assets, which you know is starting to come out in realtime in the last week or so so he is basically saying, you know, if the market goes down it's on the fed. >> so is there truth to trump's accusations here is the fed to blame for the selloff grasso what do you think. >> if you look at the time where powell had the statements. and you look at the time of the selloff. it's hard to imagine that it's not responsible or on the fed's lap for the selloff. i mean that's -- when i look at the kmart i don't know what you could garner from it other than that. >> well -- what about -- what about italy? what about a trade war what about slowing. >> all the things there the past couple months. >> exactly. >> raising -- including. >> he just had to show up. >> he just had the con

good morning, eamon. >> good morning. it will begin the process in switzerland today for the united states to withdraw from the universal postal union that's the global organization that regulates postal prices around the world the administration says it's particularly frustrated by china and a number of other countries which are taking advantage, it says, of cut rate prices for shipping into the united states, subsidized shipping into the united states which they say disadvantages american producers of small goods these are small packages tha they're talking about. the u.s. side is worried here that u.s. exporters are being harmed and u.s. importers are being benefitted they would like to change that calculus they say this is an economic distortion by the universal postal union but the caution here is that this is a year-long process so they're filing the official notice in switzerland today. there's going to be an ongoing negotiation process about all of this, the administration says it's open to changing rates and nego

hi, eamon. >> i just talked to a white house official who told me the white house is confident they havees going into this tomorrow but they can't say for sure that they've got in the the bag. they're feeling good but there is some uncertainty and that's why all eyes will be on this 3:00 p.m. announcement from susan collins. she's going to suggest how she will vote tomorrow and that could throw this thing one way or the other look at the cloture vote cloture isn't the same thing as final passage. that simply means you're voting to end the debate and get on with the voting e. it was a squeaker 51-49 republicans prevailing to move ahead the president tweeting he was prout of the senate for doing that a couple key senators to watch collins said yes to move on to the vote, flake said yes but lisa murkowski of alaska voted no and suggested she doesn't believe brett kavanaugh is the right man for the supreme court right now. so that was something of a surprise, she was one of the votes people had been watching carefully but the rest of washington is going to be watching the susan collins annou

eamon javers is standing by in d.c.n a second but let's begin with earnings. one of the benefits of sorkin being out is santoli is in how's that >> i try to make up. >> and the ground swell, of course, here you go. >> let me read coca-cola beating on the top and bottom lines 3 cents above estimates. organic growth up by 6%. that helped revenue beat expectations as well pfizer reporting a mixed quarter. dow component reported 87 cents per share. however, company did miss sales expectations and stock indicated lowish there underarmour reporting in the latest report. earned 25 cents a share versus expectations of 12 cents revenue beat estimates as well on the strength of stronger overseas sales that stock is poised to pop. >>> mastercard earnings just hitting the tape check it out quarterly profit at $1.78 a share. that's 10 cents better than the street was expecting now that stock is up by more than $4. that's a gain of more than 2%. ge will be slashing by 92% and just far little historical context on this, remember durin

javers, eamon, thanks very much. senior white house official, sounds very much like our old colleague larry kudlow saying it's a bull market correction. is that what it is, stephanie? >> i think it is, but i think today -- when we've been focused on rates and global growth slowing, but i think today was really more about earnings worries, because we had a couple of pre-announcements in the last 24 hours we all have talked about the ppg news, right? but we had that group which is an industrial which goes -- and there's a lot of semiconductor parts that this company will touch. they actually massively pre-announced. the luxury sector rolled over hard in a huge way, and that's even after lvmh reported a good number, but apparently september was a no comment in terms of -- >> they are worried about china, stricter checks? >> much -- well, i think, yes, but they reported a good number. people are wondering if that's stateable. that's a big group and a big growth and a moment mum area in this market. then, of course, oh, b

. >>> right now we've got to send it down to weese because our own eamon javers is joined but formerlywn and now economic national economic adviser larry kudlow like a cnbc reunion. take it away. >> feels like that in the state dining room, here at the white house with the national economic director larry kudlow. you guys just finished up an event on worker retraining and apprenticeship the president said something fascinating and that's if republicans don't do well next week in the mid terms he thinks the stock market will take a big leg down what's your prediction >> i'm not going to make a prediction i do think part, part of the uncertainty in stocks is about the election and i will say this i think a lot of investors, maybe not all, but many investors are concerned that a big change in congress would cause a rollback of the chief factors driving in strong economy, lower tax rates for businesses and individuals, deregulation, opening up energy and so forth i think folks are worried about. >> but if democrats only take back the house, the president is not going to sign anything that

. >>> we have new comments from secretary of state mike pompeo and eamon javers has the details. >> mikeg the united states is going to revoke visas for those it determines are responsible for the killing of jamaul khashoggi, the saudi writer killed inside the saudi consulate in turkey. this has been an ongoing controversy. the secretary of state today here saying though that the united states is continuing to gather evidence and facts in the case they will follow the facts where any lead he says the president is not happy. he is not happy. the secretary of state was asked specifically if m.b.s., mohamed bin salman was responsible and he didn't give a direct answer to that saying the suns going to continue to look into this matter and gather all relevant facts wilfred. >> eamon thank you very much for that amazing ongoing story still don't get the conclusion of it. e jet streamen javers in d.c we have one minute left to discuss the markets. one thing i didn't ask you yet in the notes earlier whether we see the credit spike if that's a flair. >>> it's not flaring up in a dramatic way it h

one >> it will get larger and larger as the numbers keep ongoing up >> i think he's articulating as eamonust said of an endorsement. >> i go for two days and that turns, too >> he want s to see the data. why not replace janet yellen >> his predecessor rarely and spoken in terms of just discussing it. >> he sounds like harry somers >> i have to deal with the facts. i mean the facts are getting in the way of this story. employment is good how long can that last i have barry stern on tonight. >> he's a smart fellow steel is not worth building. well, if it is not worth building then what do people in building do? they start building pipelines to get natural gas? at this point of the president, there is no inflation. >> there is also inflation results in tariffs >> right, that's amazon. >> every time you are not speaking to somebody who are exporting some extent or things that comes from there or china may figure out how much is passing along. same thing, housing starts to slow and starting to see it. >> they're seeing slowing in their own sales as a result. >> our good friend who sits there i

government to put out details. >> eamon, thank you.es of super micro down president 39% this was the company that was reportedly able to be hacked where the chinese reportedly planted these microchips we'll follow this story as we await the vice president when we come back, stocks under pressure should investors and consumers be worried about higher rates? we'll discuss that next. at&t provides edge-to-edge intelligence, covering virtually every part of your finance business. and so if someone tries to breach your firewall in london & you start to panic... don't. because your cto says we've got allies on the outside... ...& security algorithms on the inside... ...& that way you can focus on expanding into eastern europe... ...& that makes the branch managers happy & yes, that's the branch managers happy. at&t provides edge-to-edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & when this happens you'll know how to quickly react... at fidelity, our online u.s. equity trades are just $

economy given the small size of the tariffs. >> maybe the ceos and cfos are the next to get blamed eamon> you bet. >> let's get to steve liesman looking at the connection between the markets and the economy or maybe it's a disconnect >> that's a better way to put it usually it's the economists are the pessimists, traders the optimists. it's been that way for a couple years now but there's a role reversal, traders focus on the bad news they see in earnings while economists keep their eye on upbeat economic data and the question is where the forecast is let's look at the market bears versus the econ bulls. thanks to lynn in our graphics department the bull case has earnings in it up 25% year over year for the third quarter so far unemployment rate 3.7 seen declining. gdp 3% this year and inflation relatively quiet on the right side you have concern about tariffs and two big interest rate sensitive sectors, housing and autos and the fed raising rates would be -- those are four components not to mention the global slowdown let's look at the s&p 500 by sector since the market topped at the bo

eamon javers will be here to talk about washington.e ceo and josh lipton will join us to talk about apple. chipotle's ceo will be here. a lot going on today back to you. >> outstanding stuff coke, pfizer numbers hitting live on "squawk box. don't miss that at the top of the hour thanks to becky quick. >>> up next on "worldwide exchange," we're on volatility watch. stocks set for a higher open following yesterday's wild swing for the dow. how you can trade the turnaround we'll discuss that and as we head outlets check in on the top performing sectors tech is still king, just about followed by healthcare and now the boring utility sectors playing catch up in the last couple of months, up 3% year-to-date we're back on "worldwide exchange" in just a couple minutes. - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - annc

leishman in chicago with his exclusive interview with former trump economic adviser gary cohen and eamon javers has the latest on the saudi scandal. >> thank you, tyler, the markets are dealing with issues, some are old, some are on the new side at least four or five are a lot to digest every day. right now, number one is the china slowdown, 25% declines in china, some cases 30% declines how much are they slowing down we have industrials reporting earnings and commenting along with that. then at the same time we have a limited follow-on from the tech report not much follow through i don't have all, of course, mr. draeg warned italy not to bust the budget then we had saudi arabia's isolation with mnuchin pulling out. is there a knock on for tech stocks tech did stop, so names like netflix, facebook, google, all dropped right at the time of those headlineles. then we got the margin pressures on industrials sealed air, textron, sealed air citing unfavorable currency, textron missed on the top and bottom line. we heard grangeer comment, bottom line is this, folks, margin pressure. overall fr

reserve to slow things down but at the same time stomping on fears about rising inflation let's get to eamon for more. >> hi melissa. the president was geddeding aboard marine 1 leaching the white house. i asked him about the interest rates and mortgage rates and what his opinion is on that. here is what the president said? >> well, i like to see low interest rates the fed is doing what they think is necessary but i don't like what they're doing because we have inflation really checked abwe have goot are good things happening. i will say this, we're normalizing money and that's good but i think he don't have to go as fast. >> i also asked the president if he spoke to fed chair jay paul about this and he says he hasn't. i asked him if he met with jay paul this year he said, look i don't like together involved. so the president signaling his diz pleasure with the fed and in terms of the interest rate increases but also signaling that he sort of respects that independence of the fed that's been traditional this is not a traditional president but at least in that regard he is saying he is not ge

we're going to get to eamon javers of a recap of, yes, the supreme court nomination it triggered someside and after all of the controversy, dramatic senate floor speeches in the united states senate and brett kavanaugh was confirmed to the united states supreme court by a vote of 50 to 48 there were some protestors in the chamber which they did very quickly over the weekend there were some protestors in the chamber after the final vote and then those who were frustrated took to the supreme court itself to protest. a crowd gathering outside the front door court. the crowd in front of the u.s. supreme court is tiny. looks like 200 people. that wouldn't even fill the number of problems the president is going on to say that kavanaugh is going to go down as a totally brilliant supreme court justice. this realigns the supreme court in a much more conservative way. a 5-4 conservative court cemented the president has been saying he might get one or two more supreme court picks before his term is over for now, brett kavanaugh is a supreme court justice. >> eamon, are you betting on that you sa

we'll bring you eamon javers geterview with admiral mike that's next.owner of good start packaging. we distribute environmentally-friendly packaging for restaurants. and we've grown substantially. so i switched to the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. that's right, $36,000. which i used to offer health insurance to my employees. my unlimited 2% cash back is more than just a perk, it's our healthcare. can i say it? what's in your wallet? ♪ ♪ ♪ ♪ the difference between possible and impossible? it's a person who believes they can, surrounded and supported by others - by us - who believe it, too u.s. bank - the power of possible. hey, what are you guys doing here? we've been helping you prepare and invest for retirement since day one. why would we leave now? because i'm retired now. so? we're voya. we stay with you to and through retirement... with solutions to help provide income throughout. so you'll still be here to help me make smart choices? well, with your

we'll see how the fed responds. >> eamon javers, thank you. >>> jim cramer joins us.terday after the market did that steep down turn towards the end of the session you were the voice of calm adding a little bit of perspective to things. how are you feeling this morning? >> i wish it hadn't -- when i got up the dow was down 400. it is down 162. that is down. we wanted it to wash out the sellers. we have to be careful. earlier there was talk about anecdotal versus empirical. when i learned that you do a lot of homework -- here are a list of companies that are weaker. chemicals, housing, regional banks, autos, apartment building, rails, brokerage, luxury goods, engineering construction, small business lending, small business hiring. when does it become imperical? i don't know what emperical is if that is not. i talked to many ceos in every group because i don't have a life outside of this work. i will tell you that is not anecdotal. i didn't go to college to get stupid. >> do you think powell made a rookie mistake. you think he should throw in -- >> kind of. he is a firs

. >> let's get to eamon javers of what the president said. >> very interesting from the president sayingsalman for 20 minutes that salman denied any knowledge and apparent murder or possible murder of the saudi saudi journalist that you guys have been talking about. the president float the idea that it may be rogue killer. he himself is floating that idea and it could be somebody else other than the saudi government who attacked and killed mr. khashoggi. unclear of what happened there whatever the explanation is is going to account for the fact that khashoggi walked in ins st istanbul and did not walk out. the explanation will have to account for whatever happened inside that building the president suggesting that king salman denial is very strong and extended to his son, the effective ruler of that country. the president did not say that he spoke about this directly and did not say he got a denial from him, carl. >> hall of fame mothank you fort a huge story and dproeigrowing e day. >> yeah, i did want to get to an important development for a story we have been following closely and nam

eamon, you first on this turkish newspaper reported that allegedly mr.shoggi might have taped or might have taped the, what happened to him on his apple watch. d do we know -- who is this paper? what are their sort of leanings? is this a reliable account and could this be the recording that the turks are talking about and not let's say a bug inside the consulate? >> i think it's important to make the distinction on a few fronts. since the beginning of this story and since the tragic events have begun, the turkish government as a matter of policy is deliberately disseminating information through the media. not providing updates every day, the type we would normally see. press briefings. this is increasing the pressure to let the world know the kind of information they have by using pro--friefriendly media os like this turkish newspaper. ed miya landscape inside the country for the most part is supportive of erdogan. on this specific story using this sources to slowly roll out the information they have with both western media as well as local turkish media

democrats, though feeling good after getting a second supreme court justice confirmed over the weekend eamon trying to ask a question about the president's finances. >> you heard the president toward the end, he came around to the side where i was standing a few moments ago. i asked him in light of the "new york times" investigation, remember the president said over the years he got a one million

. >> all right, guy, okay eamon javers has breaking news out of washington, d.c.e you watching. >> contessa that's right the department of juts unsealed a criminal complaint against a russian national for her alleged role in a russian conspiracy to interfere in the u.s. political system including the 2018 midterm elections just around the corner the woman's name is elaina, kushiinova of st. peters burg russia chief accountant of project element okta funded by a russian oligarch and two companies he controlled. concord management consulting and concord catering s in all about the russian troll farms you heard about in news. nbc's pete williams did some digging in this. the woman being charged here in st. petersburg russia is the chief financial accounting officer of the umbrella effort to sew distrut in the political system of the united states. among the topics involved here pete williams says were gun control, gay rights, the women's march and the nfl anthem debate. the trolls trying to stir up divisions on both sides of the aisle. divide americans against each o

. >> thanks, eamon. >>> broad market rally, s&p 500 traded above its record closing high, energy, material, industrials leading the way higher, energy higher by 1.5%. coming up we'll go to the new york stock exchange and get a trader's take and michael lewis has a new book out he'll join us coming up on "power lunch." >>> welcome back to "power lunch. fourth quarter starting out with nice gains as the market responds to the new trade deal can investors expect this record rally to continue? let's bring in steve grasso, fast money trader and director of institutional sales steve, thanks for joining us we have this deal with new nafta and nafta 2.0 or nafta 1.5, whatever we want to call it here does it give us any hope does it give the market any hope maybe we can work things out with china is that part of what we're seeing here today? >> i think it's 90% or -- i'd even be as bold as to stay 98% of what we're seeing here today. it doesn't matter what the deal is what you call it, it's clarity so the market loves clarity. something tangible they keep their hands on, portfolios on. where do the

for some time >>> president trump taking note of the rebound today, tweeting about the stock market eamon javers is live at the white house. >> take a look at this tweet from earlier today, touting the strength we've seen in the market, the stock market up more than 400 points yesterday, today looks to be another good one companies earnings are great, says the president yesterday, he was focused on the consumer confidence numbers, saying just out, consumer confidence hits highest level since 2000, the president obviously seeing some positive signs here in the economy that he wants to tout, even as we've seen market weakness in the last week or so here in the next hour or so, we're going to see the president focused on the economy in the state dining room today. they're going to be focused on apprenticeship, worker retraining, and worker training generally. he's going to create a new national counsel to focus on american workers he's going to have a bunch of ceo's in the room with them. their companies are going to contribute significant resources to training workers and retraining workers

eamon javers is live at the white house. >> the president landed in orlando just a few minutes ago and we're told that he did have that conversation with rod rosenstein that we all had been anticipating the president here in this speech is expected to take something of a victory lap in terms of brett kavanaugh being confirmed for the supreme court over the weekend the president saying, on the way out the door here at the white house this morning, some very tough criticism of democrats and their role in this process here is what he said >> i thought that the way they conducted themselves, the way they dealt with a high level, brilliant, going to be a great justice of the supreme court, the way they really tortured him and his family, i thought it was a disgrace i thought -- i thought it was one of the most disgraceful performances i've ever seen. >> and despite all that speculation about whether the president would or would not fire rod rosenstein, it looks like the white house aide told reporters that rosenstein has his job even after that 30 minute conversation that the two men had on

ambassador to the united nations resooing todigning toda eamon javers is at the white house. >> reporterwe are seeing some fallout. the president moving quickly to hold an impromptu session with nikki haley in the oval office the two of them sitting side by side in chairs it's official now. the news breaking a little bit by surprise earlier today. here's the resignation letter from nikki haley to the president that the white house has put out. now the question is what happens next the president was full of praise for nikki haley during that session in the oval office he went out of his way to suggest that she might come become to the administration at some point in the future, perhaps in a higher role, and for her part, nikki haley doused some speculation about her own political future here's what she said. >> i will say this, for all of you that are going to ask about 2020, no, i am not running for 2020 i can promise you what i'll be doing is campaigning for this one. i look forward to supporting the president in the next election. >> i can tell you that despite the president's words of

eamon javers is at the white house for us with the latest >> reporter: that's right. yesterday, the president said that the fed is crazy and loco today, he has continued his criticism of the fed he's upset the fed is raising rates. he thinks that might take some of the steam out of the economy going into the midterm elections and the president said this earlier today. >> i think the fed is out of control. i think what they're doing is wrong. i think the fed is far too stringent and they're making a mistake. and it is not right. and it -- despite that, we're doing very well. but it is not necessary, in my opinion, and i think i know about it better than they do, believe me >> reporter: the president saying he believes the fed is out of control earlier today on cnbc, larry kudlow, the national economic council director suggesting that there is a line here, the president, he said, is just rhetorically expressing his views on interest rates, and where they should go, but not directly pushing the federal reserve. here is what larry kudlow said >> president has, you know, h

how are you, eamon >> i'm good, becky lesley stahl asked him where he's going with his china trade agenda and whether or not with these tariffs that he's put in place he's trying to push the chinese into a depression. hear what the president said >> i told president xi we cannot continue to have china take $500 billion a year out of the united states in the form of trade and other things so far i put 25% on steel dumping and aluminum dumping >> but they've retaliated. >> they can retaliate. they don't have enough ammunition to retaliate. we do $100 billion with them they do $531 billion with us although they're down 32% in four months, which is 1929. >> that's what i'm asking. >> no, i don't want that i want them to negotiate a fair deal for us. i want -- we checked the shanghai index, guys don't find any indexes that are down 32% in four months as the president said the chinese market is down over the year relatively significantly. also the president was asked that, he resisted given examples of mistakes. he did say his key mistake was not starting the trade did he have silt. he said he

. >> there was a great question by eamon javers that led to a response i think the response was lessn what joe kernen elicited. >>er it'sasterisks. >> all you heard from jay powell is that we may see more down the road potentially >> yet right now the markets are have be a tantrum because of rising rates >> because he's raised the prospect of raising rates faster than the market anticipated. >> we're digesting it. >> my interest in this, it's hard to make the case this is the strongest economy, things are going wonderfully and the fed should never raise rates cramer has a much more nuanced view things are not as great in some pockets, and higher rates have an impact on things like home sales, auto sales, but also the tariffs play a role in this. that's why you hear from companies like ppg and others. to say you don't want to see it slowing down, that's already slowing down because of the tariffs. it's hard to say this is going wonderfully and we shouldn't raise rates. maybe the economy is not going as well as we think and there are other factors at play, but it's a hard line to walk