but he said, i'm here for the great sheila jackson lee, vote, vote, vote, sheila jackson lee, 50 cents. i'm with her. she got it all on tape. i had the opportunity to serve with sheila jackson lee for 10 years on the house judiciary committee. so i saw firsthand her brilliance, her work ethic, her dedication. we know that sheila jackson lee was a voice for the voiceless, a defender of democracy, a civil rights champion, a legendary legislator and a powerful, profound, principled, progressive public servant. wrapped up in one. sheila jackson lee made a difference over 30 years in the lives of thousands and thousands and thousands of people all across the united states of america. that's your congresswoman. and y'all know sheila jackson lee when she set her mind to something did not take no for an answer. i came to believe that sheila jackson lee was like the michael jordan of the house democratic caucus. you can't stop her. you can only hope to contain her. she always showed up, always stood up, always spoke up for our community. last conversation i had with her in person. she wanted to

sheila jackson lee with a changemaker.he worked with all of her heart to lift up the people of her city, of her state, and of our nation. and to honor her memory, let us continue to fight to realize the promise of america. a promise of freedom, opportunity, and justice. not just for some, but for all. [applause] and sheila, we are going to miss you dearly. we will carry your spirit with us every day in all the work that we have ahead. god bless the dear congresswoman, sheila jackson lee. and god bless the united states of america. thank you all. [applause] ♪

sheila jackson lee, for you. sheila jackson lee for me. sheila jackson lee for wii.] ladies and gentlemen, one of god's great blessings, pastor donnie mcclurkin. ♪ [applause] we do have another international representative who will make remarks. we will now hear from mohammed choudhry, consulate general of the pakistan embassy. [applause] >> excellencies. clergy members esteemed guests, ladies and gentlemen and family of the congresswoman sheila jackson lee. it's an honor for me to join today to celebrate the life of the congresswoman. who not only in houston or the united states, she rose beyond this border and touched the hearts of the people in pakistan. [applause] please go and ask the poor people of pakistan the way she stood with them during the time of the earthquake in 2005, and 2022, and not only that she went there, and i being personally there i saw the pain on her face. she came back and fought for congressional money for the uplifting of the disaster relief fund for pakistan, for the four people. she had a long association with the people of pakistan and

sheila jackson lee was a changemaker. she worked with all her heart to lift up the people of her city, of her state, and of our nation and to honor her memory, let us continue to fight to realize the promise of america, a promise of freedom, opportunity, and justice. not just for some, but for all. [applause] in sheila, we are going to miss you dearly. we will carry your spirit with us every day in all the work that we have ahead. god bless the revered congresswoman, sheila jackson lee, and god bless the united states of america. thank you all. [applause] ♪ ♪ >> everyone, please remain seated. please remain seated. thank you. ♪ [captions copyright national cable satellite corp. 2024] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> next up, we head to chicago for the democratic national committee and. watch live beginning monday at, august 19 is a party puts forth their presidential nominee. here democratic leaders talk about the ad

jackson. happy to help, she told david. same thing when we called on her to talk about the day. >> he was a very good-looking man, you know, we just had an attraction to each other and started talking, sweet nice, kind, swept me off my feet. he was a good guy. >> but as she talked it became clear, deep emotions would not stay beneath the surface. >> i was young, i was still going to school. this was my first love. >> two youngsters in love, and then, well, things happened don't they? >> i got something to tell you, they say she is pregnant. >> judy was surprised, a little worried, maybe, but nowhere near as worried as barbara's parents, particularly her dad. an ex-marine, not very impressed with young mr. jackson. or so judy heard. >> he didn't like him, i don't know why. >> still, david said his mother was walking on air. >> came home one day and he says mama, i'm going to have to sell the truck and he said why? and he said i'm going to be a father and a husband, i am going to have them. >> s

. >> do remember and to celebrate the extraordinary life of congresswoman sheila jackson lee sheila jackson lee, would want that we are focused on her right now but i thank you. ceilings. excellently to know her was to know a true champion of fierce champion for justice sheila jackson lee was a woman of deep faith and deep compassion. she was a proud member of our beloved alpha kappa alpha sorority incorporated and she was a dear, dear friend. my husband, doug and me over her career, as we all know, sheila had many titles judge, council member, congresswoman and yet perhaps the titles she cherished, the most were wife to lwin mother to jayson and erica mbb to ellison and roy and so to the entirely family dug in my prayers are with you it is not easy to lose. a member of one's family who holds such an extraordinary place sheila was just a presence she was a presence. >> and it is not easy and i say to the family, when a loved one lives, a life of public service. >> and so especially someone like sheila jackson lee and i want to thank the family on behalf of the people of our nation. for your

jackson role -- jackson hole is where we are headed where traders hope for clarity on fed cuts when powellaks on friday but i daresay they will be disappointed and will have to be satisfied with a signal that the cut is coming. august job reports may give us more clarity as to the size of the cut. we will also hear from andrew bailey on friday at the ecb -- and the ecb's chief economist andrew blame on saturday. we get fresh figures on u.s. housing demand and weekly jobless claims. taking up the week we look at futures pointing lower on both sides of the pond. goldman cutting the risk of a rescission to 20%. will we see the encouragement continuing in the market later today? it doesn't look like it yet but flat on the futures picture. cross assets story -- the 10 year yield lower at 3.8%. the yen trading at 145 per dollar because we have seen it jump 1% amidst this broad weakness on the greenback. gold flirting with an all-time high on hopes of the fed cuts. brent is shy of $80 a barrel as traders monitor the developments in ukraine and in the middle east. we await a gaza cease-fire deal a

and that was our guest, david jackson. in 1995, who was covering the hearings. mr. jackson. what were those days like and what was the media coverage like? sunrise of sun up. it was the media coverage was intense. i mean, i think you guys broadcast them live and like huge swathes of the hearings were broadcast live. i know, by cnn. i don't think fox and msnbc had started yet, but all the major newspapers, all the networks were there. there was basically early, early morning, basically at night. and i think because you had so many as you mentioned, there were two committees involved in this. there were joint committee hearings. so you had, you know, 15 to 20 members on from both parties who wanted their question time. and they took as much questioning time as they could. so, yeah, it was it was quite an arduous ordeal, but they wanted to wrap it up as quickly as possible as well. so did the joint committees issue a report, and if so, what did they conclude with that initial report? and it was they were more critical of the government that they basically said that the entire m

you mentioned jesse jackson.. bernie sanders is someone who has had his battles, and in '16, there was a lot more negative energy around that. he's been vocally for the biden/harris ticket. and so i'm curious what you think about that where the opposition can remain the opposition or it can be stitched together. >> that's such an important point because what's happened on my side of the aisle is that opposition leads to an exit. extradition, you're out, we're done. we don't want your opposition. all hail, you know, the infallible donald trump. bend the knee, agree or be discarded. what you have, what democrats have learned, and look, i'll say very frankly, there may be some corners they turn down the road during the harris years where there could be turbulence with the progressive members of the party or other idealogical interests within the party, but they seemingly have a way to work through that. and it's not, well, if you don't agree with the mainstream thinking in the democratic party or the mainstream lead

the fed's annual summit at jackson hole begins today.g with kansas city fed president jeff schmid. >>> the fed is signaling a rate cut is likely next month if the data keeps coming in as expected. for more, let's bring in katie sto stockton. she is a cnbc contributor. katie, good morning. >> good morning, frank. >> let's start off with how you see today shaping up with the fact that we're getting jackson hole kicking off and the minutes yesterday. how do you see the markets reacting? >> so far, we've had a really impressive relief rally from the major indices. we have come into these events pretty overbought from the technical perspective. i think that create s a challene that it can sustain this momentum and now as of mid week, we have some signs of upset exhaustion and the nasdaq 100 and most of the larger constituents. we feel the leadership of the market really has sort of a proof point to make here. nvidia, apple and others do show signs of exhaustion on the charts. >> we will get to some of the stocks you are looking at specificall

in '88 they changed the rules for primaries at the behest of jesse jackson.tee and we went from a winner take all state primary model to a proportional representation, meaning that if you ran in a state and got all but one vote, the guy that got one vote before you gets all the delegates. jackson changed it to where if you got 49 the other guy got 50, you got your 49 delegates. if that rules hadn't been changed president obama would never have won the nomination because hillary clinton won more states with more delegates, and we would have had an open convention rather than kamala harris having to become the presumptive nominee once joe biden endorsed her because there were some calling for an open convention. people on the rules committee, some of who reverend jackson helped put there said, no, it can't be an open convention, look at the rules to joe manchin and others couldn't even think about runny. so jesse jackson directly impact what had we're doing here today. >> in addition he obviously, michael as rev often does makes a great deep point, which is it'

i know i didn't look that up. >> they're covered in scales. >> we need to have jackson in for a liveerview. yes. >> ask him things like this. i hope he got an a in science. i hope he gets an a. >> he's the future of a+ with extra credit. some of those college credit, maybe. >> why not? i often assist womeo struggle with urinary incontinence, women who have fallen trying to reach the bathroom or who have damaged skin from too much wetness. it can take a toll on them. at home, i worried for my mother a lack of sleep due to bladder leakage affected her life. that's why i'm so glad the pure work system is available for home use. it's an innovative option for women who experience moderate to severe bladder leakage. this external system uses a soft, flexible wick placed outside the body to draw urine away from the body and into a collection canister. it's noninvasive and designed to keep the skin dry and stay in place. we trust it to help her throughout the night, so we're all better rested and can enjoy the things we love together. >> order yours online at pure wick at home.com or call (8

jackson. >> thank you, reverend jackson, for your service. >> is okay. >> sorry. can give together go question. i covered the 1984 jesse jackson campaign were on the road for 13 months and i consider for his family, friends. i've known jonathan jackson now congressman since he was in high school, was when i first met them that campaign went to towns and cities and churches that no politician ever went to when we won, said politicians visited churches. jesse jackson live in them and to your point, there is a whole generation of not just elected officials, but people who worked behind the scenes because of reverend jackson let's go to john berman, who is on the floor and you were there john watching and witnessing that moment. >> and i know now you're joined by the governor of illinois, jb pritzker. >> yeah, i am here with governor jb pritzker of illinois. and are they say, you know, if you build it, they will come governor, i think a lot of people think that you are responsible for helping build this convention. what's it feel like now that it's getting underway? >

that was a jackson hole speech. >> mountain air. >> people think it's luxurious there but the jacksonise you, is not. very rustic. >> oh. not a sara eisen chosen spot. it is beautiful. >> that speech at jackson hole is coming up. leo! he's there when we wake up, he's there when we leave, he's there whenever we come back home from school, he's just there always. mash it up doofus. ever since we introduced him to the farmer's dog, his quality of life has been forever changed. he prefers real, human-grade food. it's... ...like real food! it is! he's a happy dog now. he's a happy, happy dog. he's a happy, happy, happy dog! - i got the cabin for three days. it's gonna be sweet! he's a happy, what? i'm 12 hours short. - have a fun weekend. - ♪ unnecessary action hero! unnecessary. ♪ - was that necessary? - no. neither is a blown weekend. with paycom, employees do their own payroll so you can fix problems before they become problems. - hmm! get paycom and make the unnecessary, unnecessary. - see you down the line. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the ener

. >>> key on the agenda this week, the jackson hole summit. two central bank leaders painting different pictures. >>> bulling pulling back after snapping the losing streak announcing the biggest weekly gain in more than a year. >>> following developing news out of israel. secretary of state antony blinken on the ground trying to lock in a cease-fire deal between israel and hamas. >>> democrats convene on chicago for the national convention as kamala harris' campaign preparprepares to shell out money ahead of the election. it's monday, august 19th, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning. thank you for being with us. i'm contessa brewer in for frank holland this morning. we are seeing quite a bit of red. now it looks like we are seeing some mixed performance here for the dow jones industrial average. it may indicate we have flat to slightly lower opening this morning. of course, markets are coming off the solid week with the s&p up 4% and the nasdaq gaining a little more than 5%. let's get a check on th

we will keep an eye on the euro as we head to jackson hole.out today we are not just going to hear from jerome powell, we're also going to hear from the ecb's chief economist and lisa will be sitting down with the bank of finland governor, he has already said that the increasing risks to europe's growth outlook have reinforced the case for a policy when the ecb meets next month. so we will learn more about the ecb sinking at its last meeting, not just at jackson hole, but also in the latest minutes are published later today. plenty for traders to be digesting. we also had that payrolls revision last night, just to recap, we had a downward adjustment of 818,000, it really does suggest that the labor market may not have been as strong as initially reported. bad news for the economy, even if it was in line with expectations, but this labor market weakness is something that was noted in the fed minutes for july. a bit of ferocity and confusion off the back. stocks rallying, bond yields ticking higher, for a moment of uncertainty, investor confiden

our steve liesman in jackson hole. bring in eric johnson of cantor fitzgerald and ellen still with us here at post nine. eric, curious to get your thoughts what tomorrow may sound like and also your view what the next, say, six weeks may look like if in fact we are in the midst of a down trend? >> sure. thanks for having me. so i think for tomorrow, i'm sort of in line with what the market is thinking, and what steve just said. very dovish. clearly seeing the economy slow down. they've talked about the cut cycle beginning in september. and so i do expect them to have a dovish tone, express the confidence we are on the way to 2% and likely talk about the tools they have in the tool belt. issue or equities market is if you look at the fed fund futures they're pricing in a 3.5 fed fund rates one year from now. so when we walk away from tomorrow, i think he'll be very dovish, but is it really going to change that expectation even further than 3.5% one year from now? very unlikely. so i think the words we parse tomorrow, we

michael mckee, bloomberg, jackson hole, wyoming. >> we have plenty more coverage come to you from jackson hole. we have had not just jay powell's latest today but fed speak from others on this week signaling two of them that gradual and methodical rate cuts are come. let's get more from garfield recommends. this is pretty cautious language hit he hadding into jackson hole. do you think has the tone we're going to hear from powell when he speaks later? what does he have to say to not upset the market? >> the biggest thing he would say that might upset the market would be if he came out sounding like he wasn't ceretain that a rate cut was coming. i don't think he is going to take that sort of tack. it would be unusual when you have had the minutes showing there was a strong constituency to cut in september. his colleagues putting cutting on the able. especially if he doesn't want to upset the markets. he has mostly shown he is not interested in that. he will speak from the same basicset that the fed does think it is appropriate to cut rates. they said all along this year they thought they w

justice jackson: ok. what's the broader one? >> the broader one, your honor, is being complicit in the process that unnecessarily takes an unborn life. such as performing d&c and abortion. it's not that hard -- justice jackson: complicit like i work in the emergency room and this is going on? i'm handing them a water bottle? what do you mean complicit? >> this court takes religious and conscious as it finds them. what harms our doctors, your honor, is being involved in completing, in terms of our declaration, an elective abortion. it's not that hard to see why that might be a conscience harm. if you think about -- >> you said again it's being involved and completing an elective abortion. i took that to be the conscious objection. i think what justice jackson was asking was asking, or i did before, or justice barrett is there any broader objection -- i'm not sure i care that much about the district court. that appears in the declarations? >> yes, your honor. in this instance completing an elective abortion means removing an embry

guest: justice jackson attended a dinner with the head of the u.s. patent and trademark office. the head of the u.s. patent and trademark office is named the litigant of the supreme court. there is a picture of him with justice jackson. there's many cases where he is the lead litigant. her personal capacity on the one hand. if you had justice sotomayor meeting with merrick garland. they might be friends even though it is a friendly event, because they are litigants, you want to be sure no gifts are being exchanged, that this is a one time thing hosted. if this is only a new thing that justice jackson and her would have met because of her position , we are all worried about harlan crow, he only became justice thomas because he was a justice. the timing is a factor. host: we will go to alan in sterling colorado, republican. we are listening to you, question or comment? guest: a little bit of both, where does the speaker think our justices are not following the constitution? we have imbalances and the supreme court is the major balance and check for irregularity from our constituti

it starts today with fed chairman jay powell speaking at jackson hole.all street will be looking for any new signals on rate cuts as the u.s. economy hits a crossroads. >>> stopped in his tracks. the canadian government orders its two largest rails back to the bargaining table. >>> making it official. kamala harris accepting her party's nomination as the crypto industry opens its walling et in a big, big way. >>> and a successful state launch beaching up a launch for cava. investors are hungry for more as the shares take off. it's friday, august 23, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning. thanks for being with us. i'm frank holland. hope your day is getting off to a great start. let's get the trading day ready or get you ready for the trade day. we'll kick off the u.s. stock futures with all through indices coming off a negative session. take a look right now. in the grebe across the board, the s&p up 25 points and the dow looks like it will open 130 points higher and the nasdaq a similar story. all three solidl

so you can't replace a congresswoman sheila jackson lee. you can only hope to follow her and carry out her legacy and continue to do the work. >> now back to the weight of this moment, ms. carter. the vice president seldom talks about her race or ethnicity. the history she's already made the history she could make a november. but as you watched her make history thursday night , history that your late mother a trailblazing black woman, did not live to see, what goes through your mind? >> i certainly teared up. i was in the united center. i had to be there for myself, and my mother knowing that my mother always believed that the art bent toward justice and seeing women who have been the backbone of the democratic party rise to be -- she did see her being vice president which made her so proud and the leadership she showed. my mother worked with her. and she always held in her heart that kamala harris would go further. so whether she was there directly in person, i felt her and i felt that she is lifting us up in this moment. unlike michelle o

it starts today with fed chairman jay powell speaking at jackson hole.be looking for any new signals on rate cuts as the u.s. economy hits a crossroads. >>> stopped in his tracks. the canadian government orders its two largest rails back to the bargaining table. >>> making i

the figures will be published on wednesday before jackson hole begins on thursday.hair jay powell is speaking at the end of the week and so is the bank of england governor andrew bailey. with expectations on what the fed will do in september, changing so much over the last couple of weeks, perhaps the central bank gathering will bring us more clarity on how big the fed rate cutting cycle could be. back to you. >> thank you, silvia. as silvia mentioned, central governors will be gathering in jackson hole in wyoming this week. don't miss our special coverage of the fed symposium. our u.s. colleagues are live from jackson hole this week. >>> meanwhile, goldman sachs economistsreduced the expectation of the resectcessio the coming year. it could cut therecession probability lower if the august jobs record looks reasonably good. with me is luke barrs at goldman sachs asset management. luke, what does reasonably good look like? >> we need some health from two weeks ago which was a stark surprise to the market. i think when be look at what our colleagues in investment rese

the big event friday was jackson hole.hairman jerome powell's speech of signaling the time has come for policy to adjust, indicating we could get the beginning of the fed's rate cutting cycle as soon as september. investors might be getting ahead of themselves because there is more than 30 basis points priced in for the september meeting but 100 by year end, that meant we had a risk on tone on friday, wall street ending up in the green about 1% higher. today futures tilted towards the red, euro stoxx 50 or is called down about 0.3 percent, s&p and nasdaq seen mildly weaker. but not just these equity markets, i want to draw your attention to the russell 2000, because once again, we have seen a lot of money being poured into small caps. friday we saw the russell rose up more than 3% higher, so once more we see this rotation come through out of large caps into small caps stocks, as the fed turned more dovish with the outlook. something to bear in mind given the big trends a month ago with that big rotation theme. it is not ju

lisa: this goes back to the theme of jackson hole. much can a 50 basis point cut ameliorate the situation in housing and how much is housing divorced from the other fundamentals of the u.s. economy? deep questions and i'm excited for the philosophical debates on friday. jonathan: i'm keenan lisa abramowicz talking housing on friday -- tom keene and lisa abramowicz talking housing on friday. here is dani burger. dani: hurricane ernesto has strengthened into a category one impacting the u.s. east coast in the canadian atlantic coast. life-threatening surf and rip current conditions are likely. it is expected to weaken tomorrow. mary daly told ft she has more confidence inflation is under control. even so she our greed for a patient approach to policy saying gradualism is not week, it is not slow, it is just prudent. she added the economy is not in an urgent place and while slowing the labor market is not weak. amd has agreed to buy zt systems from his $5 billion. it gives -- four almost $5 billion. zt is the kind of customer that has be

. >> my very first presidential campaign was 1984 for reverend jesse jackson. hampshire for his campaign. the first convention, we were like, huh? we do what? what's a credential? so, he swung this door open so wide to bring us into a process we hadn't experienced before. and then he stayed inside and taught us how to be inside of changing the party's rules. so, when he came out that night, i cried. it was just accolades overdue, and it's really not enough that this party could ever do to thank him. >> donna? >> i had tears of joy and celebration but also a lifelong commitment to change. what he instilled in us, we have to continue to instill in others. what he provided us, we have to give to others. everything about reverend jackson was truly about making sure all of his people, the rainbow, all of us, including women -- he recognized women's leadership before some women recognized themselves as a leader. >> we knew that in many ways many of us, not just us, but many of us, including president obama, including hillary clinton, including our now-fabulous nomine

and we're live in jackson. i love these dualing jackson hole summits. just so wonderful.the big issue being discussed where you are? welcome. >> reporter: thank you, kelly. definitely the future of crypto. i'll tell you one thing we're definitely going to be hearing about in a little bit is the wyoming stable token. the state is creating its own stable coin, the type of crypto currency that's supposed to keep parody with its underlying asset, in this case that would be the u.s. dollar. and the goal is to give individuals and businesses a faster and cheaper way to trance act while creating a new revenue stream for the state. i'm told this is a response to the lack of action by the federal reserve, at least in part, in implementing a central bank digital currency, also known as cbdc. so the commission on the wyoming stable token here is leading this and hoping it will eventually become the model for a digitized dollar at the federal level. it's interesting right now, though, because crypto investing has become, as you know, more institutionalized ever with bitcoin and ether

jesse jackson. is my third name. i'm adopted it when i had no name, my grandmother gave me her name. my name was jesse burned till i was 12 so i wouldn't have a blank space. she gave me a name, the whole me over on the stand for nobody knows your name. i understand when you have no name on the stand. i wasn't born in the hospital. mama didn't have insurance. i was born in the bad head house. i really do understand. born in the three room house, bathroom in the backyard, slop job by the bed. no hot and cold running water on the stand. wallpaper used for decoration? no, but windbreaker. on the stand. i'm a working person's person. that's why on the send you whether you are black or white on the stand work. i was not born with a silver spoon in my mouth. i had the civil program for my hand. my mother, a working woman. so in the day she went to work early, my riding in the stockings she no better mesirow i'd rather have stockings so that my brother not could have met and sucked and not be laughed at his school. on the st

miss jackson if you're nasty. "my first name ain't baby. "it's janet. "miss jackson if. yeah.t you doing after the movie? stop! what? gasping. give me a beat! obviously, you want to create something that would speak to the people but it was just about going in and doing something that was fun and that you loved and wanted to listen to yourself. that whole nasty that i had moved from one hotel to another hotel, ithink, downtown, and instead of driving there, cos it was a few blocks, we walked, and these guys started harassing my friend and i. and i was really, really bothered and really upset, so that's how the whole song nasty came about. huh! will this one do? uh—huh, i know, sing. # nasty, nasty boys. # don't mean a thing... and that whole album is about being assertive and standing up for yourself. was that something you were experiencing, i guess, coming into your 205? the album, i think it came out when i was 19 or 18 — something, somewhere around there — coming into my own, becoming an adult, the challenges. just the difficulty it may have, it can be, at times. # what ha

so justice jackson attended a dinner with the head of the u.s. patent and trademark office. i found a picture of it on flickr or one of these websites. i was doing a search for something else actually the head of the trademark office is often litigants at the supreme court there is a picture with justice jackson there are many were he has the lead litigant they responded and the petitioner and again this is interpersonal capacity on one hand in the other hand if you had i don't knowti meeting with merrick garland or president biden they might be friends. it's a friendly event there is frequent litigants with the corporate youit want to make sue no gifts are being made. based on they have been friends for a long time fight if this is only a new thing justice jackson and the director similarly were all worried not because this is what justice thomas old friends he only became friends with justice thomas because he was a justice. so the timing is a factor with the supreme court to clarify for. >> allen is in sterling, colorado republican. >> yes, hello. >> question or comment?

jesse jackson. is my third name. i'm adopted it when i had no name, my grandmother gave me her name. my name was jesse burned till i was 12 so i wouldn't have a blank space. she gave me a name, the whole me over on the stand for nobody knows your name. i understand when you have no name on the stand. i wasn't born in the hospital. mama didn't have insurance. i was born in the bad head house. i really do understand. born in the three room house, bathroom in the backyard, slop job by the bed. no hot and cold running water on the stand. wallpaper used for decoration? no, but windbreaker. on the stand. i'm a working person's person. that's why on the send you whether you are black or white on the stand work. i was not born with a silver spoon in my mouth. i had the civil program for my hand. my mother, a working woman. so in the day she went to work early, my riding in the stockings she no better mesirow i'd rather have stockings so that my brother not could have met and sucked and not be laughed at his school. on the st

we also have the fed minutes with jackson hole and hearing from powell friday morning on the way. we make of it all? >> i think today's big revision on jobs will make the fed's job both easier and more complicated. look at the charts, you know, two-year is at 395, 10:33 eastern, with the delay, when the information hit the wires. you can see -- we have indeed see it also reflex the big move in interest rates hovering, all i notice -- know is garbage in/garbage out. we learned that 818,000 jobs accounted, we're not counting them anymore. does that make a difference to you? >> well, what we see is it's the biggest revisions since 2009. what we saw in the marketplace is the repricing of volatility. we think it might have been overshareholder last week a bit they may have gotten oversold a bit. >> now, as we get further into the week, we'll see jackson hole be a bigger issue. is the timing of jackson hole affecting any of the plays or positions with respect to volatility or hedging? because there could be some takedowns, as we used to call it. >> rick, it might be a bit of muted volum

that's what michael jackson was to us. michael jackson was dropping something.ipped school, and i always wanted to do videos like that. i think when i think about the rain, i also think about being in that big blow up suit and us going to the gas station because we needed to blow it up. we go to the gas station, but nobody realized we had to get back a cab came and i couldn't fit in the cab, so now we're walking down the street in brooklyn. i got these glasses on and this big blow up suit, and it's hot as hell outside, and we're walking the set. >> that first album went platinum and so did the next five, spawning hit after hit cause i don't want from one minute man to gossip, folks ain't getting loud. >> you better come down for a smack you to the ground. >> pass that dutch misdemeanor on the floor, pretty boy, here i come. pumps and a bump make you want to hurt something. >> i describe her music as timeless. i think it's for everyone the girl wants. >> inspired by the jacksons eventually became colleagues, then friends with the icon herself, janet jackson. >> i

jackson has now become a far right conspiracies spewing m.a.g.a.s met in texas but that wasn't always going to be his next job after the navy. in 2018, trump wanted to reward jackson for raving about his virility and health to the public. and that reward was to nominate jackson to be secretary of veteran affairs. running the $300 billion federal agency that provides crucial care and benefits for the nation's military veterans. he made a surprise announcement and it quickly blew up in trump's face after dozens of former colleagues came forward to allege that jackson had misused prescription drugs created a hostile work environment and been drunk on the job. those allegations were collected and investigated by the senate veterans affairs committee, top democrat senator john custer of montana. >> i understand he had a nickname? >> yep, there was the candy man because he handed out prescription drugs like they were candy. >> the white house doctor is nicknamed among some people in the white house, the candy man. >> that is correct, that is what we were

jackson hole driving yields lower. and expectation that we will finally get first rate cut after a historic cycle. we stand in the middle of friday with the two year at 392 and under 393, six basis points lower. we will talk about the implications. can -- joining us is brian and ken. the idea that we are shifting the focus of inflation downward to the job market. what is the worry about the jobs market much further from here? brian: we are a little past a level that the federal -- that the fed will be comfortable with. if we see more deterioration that could be problematic. it has been the consumer in the job market holding things. the last monthly jobs report was not great. we are still in positive territory so it is not as if we are in really hurting. but if things deteriorate more rapidly the fed could be behind the curve. that is not our expectation that something to be on the lookout for. sonali: similarly, the idea that the time has come gives certainty about that first rate cut. what it does not say is how much

jackson, who led the delegation to her premier, explains 95% of the oil is exported and sold abroad.nister declares london's intention to take military action against iran. british navy vessels dack at abadan and four thousand paratroopers are put on standby in the persian gulf states. paratroopers were underway for the invasion of abadan. simultaneously with military preparations, britain takes legal action launching a complaint against iran with the international court of justice at the hague. the court asks iran to allow britain to continue the oil exports until the legal process ends and a verdict is reached. the court's request is flatly rejected by iran. face with many problems. decides to seek help from us president harry truman. مصدق برای اینکه باز هم امریکایی ها رو از انگلیس ها جدا بکنه پیشنهاد کرد آقا به ما کمک بکنید. دید مصدق این بود که هنوز به آمریکا به عنوان یه قدرت سوم برخورد می کرد یعنی حضور آمریکا رو سبب تعدیل فاحش نفوذ یا تحمینات انگلستان و شوروی تلقم کرد با وجود که آمریکا بعد از جنگ دیگه به عنوان یه قدرت تقریباً هژیمون بود. الحقيقه عندما ياتي الزائر الاجنبي يكون اقت

jackson, led the delegation to her premier explains 95% of the oil is exported and sold abroad.litary action against iran. british navy vessels dock at abadan and 4,00 paratroopers are put on standby in the persian gulf states. paratroopers were underway for the invasion of abadan. simultaneously with military preparations, britain takes legal action launching a complaint against iran with the international court of justice at the hague. the court asks iran to allow britain to continue the oil exports until the legal process ends and a verdict is reached. the court's request is flatly rejected by iran. faced with many problems, musaddiq decides to seek help from us president. the government's daily budget deficit, rising prices and inflation, in addition to iran's deposit in other countries being frozen all together added to the pressure. الحقيقه عندما ياتي الزائر الاجنبي يكون اقتنائنا به اكثر من الزائر العراق الحمد لله والشكر تجاوزنا هاي الخطوات كلها جهود الاخوان المؤمنين والمجاهدين والمقاتلين اعمال الموكب مستمره وان شاء الله مستمرين على خط الحسين عليه السلام از صميم قلب تشکر م

we don't get to see it on camera in jackson hole. we just get to see him walk out onto the deck. >> because there's no question and answer afterwards, he can be very careful with how he words this. and i think to your point earlier, he's -- i don't think he's going to put himself out there. he'll acknowledge that they'll probably cult in september, by just saying, we're shifting our attention more to the employment side than inflation. that's sort of an endorse. f for that september cut. he's not going to tell you 25 or 50 and not going to tell you what he's going to do after that. >> they don't know. >> they don't know, exactly. when powell wakes up every day, he's trying to figure out things just as we are. so, the way the market has priced in a lot of cuts over the next year, that implies a certain economic scenario. and i think the only way you get 200 basis points of cuts is if the economy is really weak. not because inflation is just staying at 2%. so -- >> is the bond market telling us that it's -- to guy's point, weaker than

jackson, led the delegation to her premier, explains, 95% of the oil is exported and sold abroad.to allow britain to continue the oil exports until the legal process ends and a verdict is reached. the court's request is flatly rejected by iran. faced with many problems, mosaddiq decides to seek help from us president harry truman. مصدق برای اینکه باز هم امریکایی ها رو از انگلیس ها جدا بکنه پیشنهاد کرد آقا به ما کمک بکنید دید مصدق این بود که هنوز با آمریکا به عنوان یه قدرت سوم برخورد می کرد یعنی حضور آمریکا رو سبب تعدیل فاحش نفوذ یا تهمینات انگلستان و شوروی تلقم کرد باوجود که آمریکا بعد از جنگ دیگه به عنوان یه قدرت تقریباً هیژیمون بود. از نفت ایران انجام بدن چون اقدامی که انجام گرفته ظاهراً اقدامی که غیرقانونی انجام گرفته باید دخالت آمریکاست در مسائل داخلی ایران یعنی شرکت ها هیچ کدوم نیومدن خریدار نفت ایران's economy which was dependent on the sales of oil very quickly collapsed the industrial and farming sectors became stagnant the government according to statis. many children born after the first persian gulf war and the years after it were affected with leukemia. the most likely

all eyes on jackson hole. at the same time, we have seen european equities actually up for a sixth straight sectssion d the stoxx 600 lingering near a six-week high. let's pull it back and show you what is moving in the sectors. contessa, you flagged what is happening with oil. the oil and gas sector is the loss leader pulling benchmarks lower. the oil and gas index down 1.44% right now. technology up 1.12%. contessa. >> dan, thank you very much. i mentioned gold is up .75% as we speak. let's dig further into the action and bring in seema shah. can we start with the energy markets here and what you are seeing in terms of oil and the declines we have seen the last couple days. >> thanks for having me on. it's been very interesting. you are seeing the movement right now is in line with geopolitical tensions. you have been seeing that the last couple weeks. the fact it is declining is a little bit of a signal the tensions are easing back. we are still work waork watchin closely. it is driven by factors difficult

jackson hole begins. jobless claims in line.r falling to near one-year lows yesterday. our road map begins with the markets on this jackson hole watch day as the fed minutes yesterday do indicate a september rate cut is likely. >>> on the earnings front, snowflake shares down sharply, despite the company raising guidance.