least until october it seems that's the currency volatility we have kristine lagart coming into the ebc >> you can have stock market volatility go through the roof >> if you do not think everything is awesome again. our next guest, our chief investment strategist at corner stone, michael, it is great to have you back. you come here and talk about the tr trump trade which reminds us what it stands for >> so it is a defensive sort of basket of stocks >> first down day in a wild. >> do you keep the trade on. >> we think there are three reasons you want to remain defensive. >> number one, continue to widen out. that began in 2018, kind of a soft rise credit spread. they came back in and now they're starting to move higher because earnings in the economy have continue to lose momentum that's the first one and leading indicators like manufactures and pmis are going to continue to remain under pressure. we broke the ice which is happening in every single fed tightening cycle. the third thing is we think recession risks are continuing to rise. where we are in this cycle now we have seen leading

etsy upgraded to outperform from sector perform at ebc capital markets. citing recent initiatives with a positive impact o the company's performance. re price target is $68. the stocke 2% to 60.41. >>> coverage o rok was initiated with a sell rating at pivotal the analyst cites increasing competition in the streaming device siness, which he says could drive the cost of such devices down to zero. the price target is $60. the shares fell $19% to finish at 108.05 >>> still ahead a high tech prognosis. >>>> i'm bertha coombs in bosme. p on nightly business report, humana tlnl hub feels like a tech start upand that's the point as the medicare gnt makes a big push into digital health ♪ ♪ ♪ >>> califalnia and 22 other states are sui the trump administration. the states are challenging the white house decision to a revoke rule allowing california to set rugher car emission standards. something weorted on earlier this week. california has been able to set its own rule since the 1970s because it has the most cars rn thd of any state. and it struggles to meet air qu

headlines from the white house inject volatility into stocks pap new stimulus plan and a rate cut from the ebc's turn next week time now for cnbc news update with sue herera. >> hello here's what's happening. the u.s. budget deficit widened to more than $1 trillion in the first 11 months of the fiscal year for the first time in seven years. higher spending on the military, rising interest expenses on government debt, and weak revenues combined to push the deficit up 19% from october through august >>> the suspect in the mass shooting at a walmart in el paso has been indicted for capital murder a grand jury charge the 21-year-old in the august shooting which killed 22 people. prosecutors are seeking the death penalty. >>> former fbi deputy director andrew mccabe facing the prospect of an indictment after his attorneys were unable to persuade justice department officials not to pursue charges. it's still isn't immediately clear when or whether the u.s. attorney's office in washington might announce those charges >>> and here's a feel good story. a florida fourth grader who was bullied over his h