here's eamon javers. >> there were comments that the president suggested that people who die in warsre suckers or losers, biden blasting the president for not caring about that he fiercely denied he ever said such a thing biden also blasting the president for simply not caring enough about unemployed americans. here's what he said. >> a measure of our economic success is the quality of life of the american people and if your stock soars, families teeter on the brink of hunger and homelessness, and our president calls that success what does that say about what he values when you see the world in such a narrow prism, it's no wonder he doesn't see nearly 30 million americans on unemployment. >> all of that coming against a back dro backdrop of an increasingly tight race the middle of august showing biden holding a slight lead in all the six states in which we're conducting our polling, yet at the same time, we do see an uptick in the president's approval rating. trump approval now 48% also an approval increase in terms of his handling of the virus as well. a quick whiparound here of som

cnbc's eamon javers looked into this and he's live with us as well. >> reporter: last night wasn't the first time the president has tried to sow doubts about the validity of this election. he has been doing that now for months and sometimes on a daily basis. the president has been saying mail-in ballots are susceptible to fraud from mail-foreign governments and that at the end of the day the results of this election may never be accurately determine determined. >> this is what we're going to get into it's going to be a disaster. it's going to be thought of very poorly it's going to hurt our country it'st will be a tremendous embarrassment to our country it will go on forever and you'll never know who won. >> there will be millions of missing ballots, tremendous numbers of missing ballots you could be talking about large percentages of these ballots will be missing. it's going to be fraud it's going to be a disaster. >> reporter: people across the country already sending in their vote business mail and it's a safe way to vote because of security measures like these in new mexico, a line

that doesn't stop eamon javers up in a suit and tie at least on top. >> i'm not going to answer about the bottom >> don't they've a lot to do. where do they stand on, a, funding the government and, b, more stimulus? >> the senate is back. the house is only back in terms of committee, not in terms of the floor. as you point out, they have the rest of the month now before the fiscal year deadline to keep the government funded. it looks like nancy pelosi and the speaker of the house have cut a deal for some kind of clean continuing resolution. that means just a bill to fund the government for a limited time nothing else no stimulus no bells and whistles just the barest of deals that handshake agreement will be made in terms of stimulus, we are nowhere in terms of negotiations he said he's not even meeting with the democrats >> i know who i'm dealing with and i don't need to meet with them to be turned down they don't want to make a deal because they know that's good for the economy. if they make a deal that is good for the economy and there for it is good

eamon javers now with the controversy around that visit and what we can expect >> good morning.te house about 10:30 this morning on his way to wisconsin. the president brushing off suggestions by the democratic governor there in wisconsin and the democratic mayor in kenosha. they've requested that he not travel there this week given that they argue his presence could intensify the tensions there amid this change in the presidential campaign as both candidates seek to point blame at the other for what's emerged as a trend of political violence in the country the president yesterday saying it is joe biden's fault. >> for months, joe biden has given moral aid and comfort to the vandales repeating the lie that these are peaceful protests these are not peaceful, that's anarchy. look at at looters and rioters that's not a peaceful protest. >> joe biden harshly criticizing the president saying it is the president's job to lead the country now and criticizing him for failure to call out the violence among his own supporters this is what biden said. >> he may believe lobbing the words la

eamon javers, thank you. >> let's start with our first panel.s and mark lehman are with us now. mark, to what extent do you think the bumps and fourth week of losses is tied to the fact that there's no stimulus movement in washington >> i think it's more to how far we've come in a short time obviously the highest growth and the highest market caps have been under severe pressure i think a stimulus bill would be good i think the market could get wrapped around september and october a tough month for the market i think this is a valuation contraction for now. not anything more to be feared of >> anthony, it sounds like you're a little cautious on stocks right here. to what extent for you is that based on the fact that they can't pass a new stimulus which has uncertainty in terms of the economy in the fourth quarter and beyond >> i agree i think mark is correct, for sure, that the market was due for a correction it's never seen a rebound the way we saw over the summer from the spring into the fall at the same time, when you look at the impact of th

eamon javers has more on that this morning. >> the treasury secretary was on capitol hill yesterday,e was asked about this idea that a lot of people in our area have been discussing, this a v-shaped recovery, what kind of a letter would you suggest? the president yesterday suggested this is a super v recovery, steep drop down an sharp rebound. treasury secretary mnuchin, though, wouldn't go all the way to super v here is what he said >> the president, the entire administration thinks there is more work to be done let's not get lost on different letters of the alphabet. let's move forward on a bipartisan basis on areas that we can agree upon because there are clearly parts of the economy that need more work. >> so the treasury secretary there saying that the economy needs more stimulus, urging congress to get behind the president's effort to at least do something the administration has been pushing this sort of skinnier proposal rather than the broader effort that nancy pelosi and the democrats want after that hearing mnuchin and pelosi did have a phone call last night nancy pelosi pu

i think we want to get over to eamon javers is eamon with us >> reporter: yes, good morning. >> he'sare you hearing? >> reporter: i'm texting people to see what we can confirm what it looks like from the reuters that has crossed, this is putting some teeth into the threat to delist these guys from u.s. systems, right? so what they're doing is putting some muscle behind that september 20th date that steve mnuchin told us about earlier in the week this doesn't mean necessarily, the way i read it, that there's no deal happening right now or no possibility of a deal between now and september 20th >> right >> what we're getting now is some information directly from the commerce department, and i'm literally being sent this as i stand here bear with me one second. now we have commerce department, this is an email from the commerce department prohibiting wechat and tiktok transactions to protect the national security of the united states this is now official in the past couple of seconds here as i'm talking to you, andrew they're saying in response to president trump's order signed, to safe

you had to listen closely to catch them eamon javers was listening and caught them and he joins us nowing. you did have to list enclosely to hear any policy in that debate last night. it was vicious, nasty, tribal and a reflection of america's political mood right now the two candidates simply talking over each other hurling insults at each other, refusing to abide by the rules. we'll see if there's another debate two more debates are scheduled after this this moment last night gives you a sense how angry the evening was. take a listen. >> your the worst president america has ever had, come on. >> let me just say, joe, identify done more in 47 months, i've done more than you have done in 47 years, joe. >> reporter: then there was a moment where the moderator chris wallace of fox news tried bring the discussion around to the supreme court and then this happened >> vote and let your senators know how strongly you feel let, vote now. make sure you, in fact, let people know, your senators i'm not going to answer the question >> why won't you answer the question >> the question is >> radica

eamon javers, thank you so much. appreciate it. >> thanks, andrew. i love this delay.ote on today. senator rob portman. you probably heard a lot of that report, senator. >> i did. >> just to distill it down to effect there are some people who would like 2.4 trillion and then as you move down the political spectrum, i think we can get down to where you've actually got some republicans that want zero at this point because they think the economy is doing well, the stock market is doing well, we've spent a lot already. let's just take a step back and see whether we're already past stall speed. i wouldn't doubt you have some republicans that want some money back what do you think we need to do to target exactly the groups that still need help without breaking the bank? >> that's exactly what the legislation does we vote on today. i would say, joe, in terms of your spectrum, it's not 2.4 trillion the house bill is $3.4 trillion. we've spent that amount. there are a lot of people concerned about the deficit and growing debt which will be the size of our economy for the first

oracle and walmart will have minority stakes in the company eamon javers joins us with more. ng, eamon. >> reporter: good morning, joe absolutely a scramble over the weekend to figure out what they were going to do ahead of the deadline that the president proposed which was midnight last night. that deadline did not come to pass because the sides said they came to a deal and the president said that he has blessed that deal here's what we know from all sides in terms of where this is going to go in terms of a u.s. entity now that would own tiktok 80% controlled by bytedance, the chinese company. 12.5% controlled by oracle, 7.5% of equity to be owned by walmart. making a couple of promises here about what's going to happen next, including a u.s.ipo within the year they're also talking about 25,000 u.s. jobs oracle will be the secure cloud provider that's designed to get over some of those concerns about data security and walmart ceo doug mcmillon would serve on the board of the new company the president said over the weekend there's a $5 billion educational fund attached to the

let's get to eamon javers. >> the president was on television on another network describing this tiktok, byte dance, walwalmart, oracle deal a came together over the weekend entirely in different terms than it was described by some of the parties as they laid out the terms over the weekend here's what the president said about this deal on fox just a short time ago >> they are going to buy it. they could have total control of it they are going to own the controlling interest everything is going to be moved in into the cloud and entirely controlled by oracle and then i guess they're going public and buying out the rest of it and buying out a lot if we find that they don't have total control, then we're not going to approve the deal. >> so, the president there, carl, suggesting that oracle and walmart will have total control over this deal the chinese won't have a role in it and he says if he finds that is not the terms of the deal, he will not go through with the deal the president describing this in a very different way than the parties described it over the weekend which was a 20% acqui

. >> jim, eamon javers is on twitter backing up what you reported about a potential decision on oraclek that's going to happen i think working overtime, made a good case this is the american bid, bring in 25,000 jobs. cfius likes it and i think the question is it the president going to sign it today or tomorrow could be tomorrow. cfius today. >> all right, jim. you're going to stick around for david kostin >> yeah, why not something to do. >> all right, in the meantime what do you have on "mad" tonight? >> lennar, reported great numbers but nothing's enough with this crowd and lance fritz, union pacific supposed to be doing badly, what a stock, what a group. we got some winners tonight. let's make some money. >> all right, jim, yeah, in the meantime good tuesday morning, everybody. welcome to "squawk on the street." i'm carl quintanilla with david faber. jim is sticking around for part of the hour at least a big hour ahead with an exclusive with speaker pelosi, sta starboard's jeff smith and we will begin with the markets this morning, and for that we'll turn to goldman's chief u.s. eq

eamon javers joins us with more on this front. ou, becky might be possible is the key word there both the house and senate are back in session this week for the final push for the end of the fiscal year for the united states government at the end of september. we'll see whether negotiators can agree with a deal for what they call a skinny -- rather, clean continuing resolution which means without adding any bells and whistles and stimulus. pelosi, knmnuchin, speaker of t house have an agreement on that. we won't face a government shutdown at the end of the month. not clear where we're going in terms of the stimulus negotiations the president yesterday suggested he's not meeting with democrats to talk about it because he feels like they are playing politics with this here's what he said. >> i know who i'm dealing with and i don't need to meet with them to be turned down they don't want to make a deal because they know that's good for the economy. if they make a deal that's good for the economy, therefore, it's good for me for the el

leslie pickers is here to talk about snowflake sizzling and eamon javers talks about the latest on tiktoks anybody satisfied with what we've heard so far on this deal? >> reporter: yeah, kelly, pretty much not yesterday at the beginning of the day we thought, you know, this deal might be on track for approval by the white house based on some of the signals we've been hearing from the administration yesterday the president came out before cameras and said, no, not yet. he's not ready to approve a deal he wants it to be 100% in terms of national security he's concerned about the idea that oracle would only be a minority shareholder in the combined company and, therefore, the chinese entity, bytedance, would still have a majority of control. he also said amazingly, he said, he found out from u.s. lawyers that he's not allowed to charge a transaction fee to the participants in this deal. that's something he said was important to him. >> when i said what kind of a thing is this. if they're willing to make big payments to the government, they're not allowed because there's no way of doing that

>> new coronavirus aid for americans is in doubt after the senate failed to pass a skinny deal eamon javers didn't get it republicans failed on the so-called skinny bill. 5$540 billion package $3 trillion is what the democrats were hoping for. they all voted against it. that means no relief on the horizon. immediately after the vote we saw both sides pointing fingers and here's the president saying it's nancy pelosi's fault. >> right now the democrats don't want to pass it, don't want to help the workers of our country. nancy pelosi and company thinks that be wrong. we want to pass stimulus for people that need it. it wasn't their fault. it was china's fault we're prepared to do it. i have a feeling democrats won't do it. >> reporter: for her part she said it was the republican's fault. they held the vote on a bill that refuses to crush the virus. it contains poison pills the democrats cannot support at this point, washington is sort of shrugging here in its responsibility to get a stimulus package through. doesn't seem like there's much chance of that happening given the partisan nature of

in a flood of big headlines coming out of the nation's capital, eamon javers is out with a different good. >> light out now, joe. >> not a green screen? >> no, this is actual green street right here. yeah, look, there's a lot of news going on in washington. let's start with the supreme court nomination over the weekend. the president, all the speculation was it was going to be amy coney barrett and that's who the president did select in her remarks as the president unveiled the nominee her views are close to antonin scalia she made this promise. >> if confirmed, i would not assume that role for the sake of those in my own circle and certainly not for my own sake. i would assume this role to serve you. i would discharge the judicial oath which requires me to administer justice without respect to persons do equal right to the poor and rich and faithfully and impartially discharge my duties under the united states constitution >> reporter: now, joe, republicans say they want to move ahead with this starting hearings as early as october 12th potentially wrapping all of this up before the

states a survey takes a close look at voters in battleground states and issues important to them eamon javershat front what do you see? >> reporter: what we're seeing is a stabilizing lead for joe biden in terms of the horse race take a look at the national map. we're looking at six battleground states. we're surveying likely voters in those states states that will make a difference and voters who will make a difference in those states once again joe biden has a lead in all six of the battleground states with a margin much 49 to 45 in arizona, 50 to 44 in wisconsin. 49 to 43 in michigan 49-47 north carolina and 49-46 in florida so biden runs the table there. it translates in to an overall lead of 49-45 for biden over trump. that's been remarkably stable during this summer despite the political conventions, the national protests that we've seen these numbers are really hardening. one statistic that is trending in trump's direction is the rebound in oatism about the economy which climbed back up to 50% in september so that's something that can be beneficial to an incumbent president is that opt