well today at talk to steve jacobson, chief investment officer at saxon bank, steve jacobson, chief investment officer at sax, so bank, great to have you with us. how are you doing? all right, thank you. thanks for having me on. so our pleasure. so stay in every turn of the or you come up with what you call outrages predictions for the ear to come. first of all, tell me why make outrageous predictions? what's to it? is it purely in mind exercise or there is more to it? well, it all started 20 years ago and you have to remember 20 years ago, we didn't have a smartphone, we didn't have social media. so at the time the time around christmas was very slow from major and markets. so we had a lot of time. oh, i had a reset, hang on a minute. why don't we do an exercise? we're just, you say is a mind game or way to look at the future. where we really try to provoke thinking with the reader. in a sense that everything we do as human being is finding patterns and thinking in lena terms, this exercise about being not leaner, but look at the exponential risks, games for exponential offsite. so over the l

so jacobson gets on a plane, flies halfway around the country, walks into the secretary's office, matt connolly and said i need to talk to truman. and matt conley knew of the friendship he said absolutely but one thing, do not talk about palestine. he said of course comes into the white house and start making chit chat. finally truman says what are you doing here? you have never come to ask for anything. what are you doing here? he says you have to see. truman gets his backup and goes into a ranch. talks but has been disrespected by the jewish people did not want anything more to do with the issue. at that point he said for the first time that is an anti-semite. he knows the fate of the state is hanging in the balance. he sees the bust of andrew jackson. he knows andrew jackson is harry truman's idol. and he says what would andrew jackson do. i don't think so. he would do what he knows to be like. the thing to do now is to recognize. third truman turns red in his face, turns his back turns around and looks puts his hands on the desk, turned back around and says the son of the vi will s

so jacobson gets on a plane, flies halfway around the country, walks into the secretary's office, matt connolly and said i need to talk to truman. and matt conley knew of the friendship he said absolutely but one thing, do not talk about palestine. he said of course comes into the white house and start making chit chat. finally truman says what are you doing here? you have never come to ask for anything. what are you doing here? he says you have to see. truman gets his backup and goes into a ranch. talks but has been disrespected by the jewish people did not want anything more to do with the issue. at that point he said for the first time that is an anti-semite. he knows the fate of the state is hanging in the balance. he sees the bust of andrew jackson. he knows andrew jackson is harry truman's idol. and he says what would andrew jackson do. i don't think so. he would do what he knows to be like. the thing to do now is to recognize. third truman turns red in his face, turns his back turns around and looks puts his hands on the desk, turned back around and says the son of the vi will s

well, today at talk to steve jacobson, chief investment officer at sax, a bank steve jacobson, chief investment officer at sax, so bank, great. have you with us. how are you doing? all right, thank you. thanks for having man. is our pleasure? so seeing every turn of the air, you come up with what you call outrageous predictions for the ear to come. first of all, tell me why make outrageous predictions? what's to it, is it purely in mind exercise or there is more to it? well, it all started 20 years ago and you have to remember 20 years ago we didn't have a smartphone, we didn't have social media. so at the time the time around christmas was very slow from.

dana jacobson is following his return.lando. >> reporter: it was a return to golf as only tiger woods could make: playing alongside his son charlie. the woods duo competed to the finish taking second in the pnc championship. >> i'm just happy and thankful that i'm able to do this. i still have my own leg, which was, questionable for a while. and it's functioning. >> reporter: during his nine months of rehab tiger said one of his biggest motivations was simply this, playing golf withae of his charlie. >> the fact that i had my son there, and he's an unbelievable player and unbelievable partner. >> reporter: while tiger was noticeably fatigued at times and needed to use a golf course to make hi way around the golf course he still showed flashes of an 18 time champion. >> adam shoepack. >> he's the most mentally tough golfer. >> reporter: we don't know when we'll see tiger woods play golf again but monday, he says he's ben every day for the last six months working to rehab his right leg and build his pendoourns. jericka thank

well today i talked to steve jacobson, chief investment officer at sax, a bank steve jacobson, chief investment officer at sack. so bank.

cfo paul jacobson making comments just now to credit suisse fire side chat. phil lebeau has the story. >> paul jacobson in that fireside chat has raised general motors' full-year earnings guidance previously 11.5 to $13.5 billion. now he says it will be in the range of $14 billion above the top end of what was previously expected. what changed the chip outlook it hasn't been as bad as initially feared just a month or two ago from general motors' perspective. in addition, the outlook is starting to improve in terms of supply put those together and now you have gm motors raising full year guidance to $14 billion. again, the previous guidance was 11.5 to $13.5 billion. guys, back to you. >> shares of gm up almost 3% right now on this news. >>> coming up, we have more on the market's pullback due to the omicron variant here in the u.s. d will check more on equities ancommodities. the dow is basically flat right now. as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to

eddie jacobson he would have a long association with, worked for him here. now, most of these things to the great embarrassment of quite a few regiments and large elements within the 35th division went bust. because of the extreme efficiency in which it is run is the only one that was not formally shut down of division. in the first canteen this particular operation ended up getting essentially all of the business for the entire regiment. they were able to keep their pop supplies up got a huge amount of traffic from other regiments as well. in all likelihood, most of the men you see here are not in battery f with truman but were guys making a beeline over to his little operation, you will notice lots of bottles of pop there. let me tell you that was the thing to do. the guys from the battery who were all required to chip in to pay for this thing, they all made big money back after the fact when they were getting ready to finally ship off to france. he paid them out and they made money. >> you spotted something in particular in this letter you were interested

to keep the playoff hopes alive in the late first half 7-3 las vegas and he gets it out to josh jacobson he was great with 129 yards rushing and this is a fumble and denver recovers. finally, the first play of the raiders next drive and this can't happen. intercepted by bradley chubb and returns at the 1 the broncos score the next play and with 26 seconds left they let at the half and vegas answers and they started this 3rd and peyton barber flips in and the raiders retake the lead 14-13 and you can see this attack here sacked by shelby harris and fumbles and denver recovers and he appeared to have hurt his shoulder but with under five minutes left, 17-13 and 3rd and 10 for the broncos and this is thrown down by jefferson. nothing going for drew lock or denver and this one in denver just 1 of 10 on third downs and third and short for the raiders and that is some guts. and instead of rushing it he goes to a ride and wide open and the 1st down and the only reason it was open because jacobs had over 100 yards rushing for the first time this season and vegas wins 17-13 and improved 8-7 and t

so bank osteen jacobson discussed europe's energy was on the latest addition of. so if you co visionaries i, we're going to be playing in here on our, to, on friday, but for now a preview. a we are doing right now with the way we are executing east at we are a choosing on getting more money, more flow at taxonomy in terms of the you, which is entirely billed and green transformation and investment. but when you are d cup and icing, you are major licensed economy. and then on top of that, which is the single most i outstanding issue, it's going to be colder. and the stores of energy is low again, also, which means that the inflationary pressure, the energy crisis, as a concept is already there, the ability to do a bass load energy generation in europe is of all time low. this week alone, we had the highest energy prices ever in france, basically for the europeans ag sector right now. we ha, more dependent on the flow from russia than ever before. as the saying in among the says, the best way to get lower prices is to get higher prices. what, what, what we, what, wh

so bank osteen jacobson discussed europe's energy. we're on the latest edition of our sophie coverage in areas you can watch it on friday for now though, a quick preview. what we are doing right now with the way we are executing is that we are a, securing on getting more money more flow, a taxonomy in terms of the year, which is entirely built in green transformation and investments. but when you a d cup, a nice in your major life and the economy, and then on top of that, which is the single most i was standing issue, it's going to be colder. and the stores of energy is low again, also, which means that the inflationary pressure, the energy crisis, us a concept is already there, the ability to do a base load energy generation in europe is of all time low. this week alone, we had the highest energy prices ever in france, basically for the europeans sector right now, we ha, more, depending on the flow from russia than ever before. this is saying in the market, this is the best way to get lower prices is to get higher prices. what we, wh

new york can rely on the jacobson decision on the supreme court's, unlike president biden, the statest one in terms of vaccination mandate but a lot of questions out there. >> that smallpox, quite a different situation, transmissibility and death rate, what we are dealing with today, it is great to have you one tonight, thank you. biden is not just losing in court but begging the media to shift the narrative on the economy. the white house has been reported wielding secret meetings with major media outlets with cnn noting the conversation has been productive. joining me now is indiana congressman jim banks, congressman banks, they love calling fox state run media when trump was in power but exactly what they have engaged in for years and right up to this day. >> instead of doing something to improve the economy or addressing inflation they are trying to spin us and lied to the american people, that inflation is good for american families when it will take more than that kind of spending to convince anybody in america they are better off today than they were a year ago but should we be

since jacobson versus massachusetts. vaccine mandates i think have a very important role.final question from new york, the people at william and smith want to know if the cold of geneva, new york will kill covid? what do you think? dr. beyrer: cold weather drives people indoors. when we have seen consistently is rising rates. that is what europe is in the middle of their fourth rate. it felt like going to college in the ice age. tom: thank you so much. jonathan ferro, i could tell you that hamilton, new york and geneva, new york i saw a puck break in at two in hamilton, new york ones. jonathan: it is winter, it is cold outside. tom: dr. knows, he is one of the giants at william smith. jonathan: just gets in your bones and it is not nice. it is a different kind of cold. lisa: give me a break, 30 degrees below zero. [laughter] jonathan: it is still early. it is still early. tom: lisa is right, it is colder in fargo. jonathan: lisa got frustrated with tom keene early in this program. futures up 28, up 6/10 of 1%. i will try to stir the pot as we go. we are setting up the jobl

how do things look with the jacobson precedent from smallpox all those years ago?it has been a remarkable dad run for the white house. they racked up a number of losses in notably different areas, mandates related to federal contractors and the mandate with regard to medicare dealing with facilities and the big osha ruling and all those court said they don't see at the preliminary injunction states the clear authority for the government to do what it did and the fifth circuit signed biden's joseph -- chief of staff ron claim who really was really ill-advised when he cited or retweeted a statement that this was all a workaround, acknowledged that they didn't have the constitutional authority to do this directly so clean retweeted that we found a workaround. the fifth circuit cited that. courts don't take to work arounds in the constitution, they like to see direct authority and many problems they encountered is to avoid notice of comment they used an emergency provision under osha that allowed them to skip that. another court found it to be a problem in another mand

this is the third major departure for the biden border team following amy pope and roberta jacobson who left earlier this year. and white house president kamala harris is still in charge of the border as the crisis continues to surge. todd: ron desantis is ready to make major moves to curb illegal immigration in florida. we break it all down. >> reporter: florida governor ron desantis doubling down on plans to spend $8 million to transport illegal migrants out of florida. listen to this. >> we went to facilitate transfer to places like delaware and pass legislation that says if you are facilitating biden's policies which is effectively a mass human smuggling operation we are going to charge you restitution for each individual you are bringing. >> reporter: in texas migrants crossing the rio grande while ignoring multiple messages against the dangerous trek into the us, vice president kamala harris announcing major us companies are committing $1.2 billion investment in the northern triangle. parents on the root causes of migration, but not on a crisis at the southern border. >> the peopl

new york can rely on the jacobson decision of the supreme court.ident biden the states did win that one in terms of vaccination mandates. but there are still a lot of questions out there. >> laura: quite a different situation. it is great to have you on tonight professor, thank you. biden is now back in the media to shift the narrative of the economy. they've apparently been holding secret meetings with media outlets with cnn noting that the compositions of been productive. it is so pathetic. congressman jim banks, congressman banks, they love calling fox's state run media when trump was in power but it's exactly what they've engaged in for years. right open to this day. >> instead of actually doing something to improve the economy were addressing the inflation, they are trying to spin and live the american people make it sound like somehow inflation is good for american families when it's going to take more than kind of spin to convince anybody today that they are better off today than they were a year ago. but should we be surprised that joe bide

they are all going to end up at the supreme court, how did things look with the jacobson president wasllpox from all those years ago? >> it has been a remarkably bad run for the white house. they have racked up a number of losses in notably different areas. these are mandates related to federal contractors, also a mandate with regard to medicare, dealing with facilities, and of course, the big osha ruling. and all of those courts said that they don't see preliminary injunction stage of the clear for the government to do what it did. the fifth circuit cited biden's own chief of staff, ron klain, who really was really ill-advised when he cited or retweeted a statement that this was all a work around, that it acknowledged that they didn't have the constitutional authority to do this directly, so he retweeted that we found a workaround. the fifth circuit cited that. courts don't take to work around in the constitution, they like to see direct authority. and many of the problems they've encountered has been an effort to avoid notice and comment. they use it as an emergency provision under o

here to react is ophelia jacobson. this is absolutely alarming for an old guy like me to hear. young people feel this way? >> hard to pinpoint exactly why young americans believe democracy is failing or in trouble. republicans and democrats can agree it is in trouble but the exact reason democracy is failing is where we disagree a little bit. this is an alarming statistic but shows students are paying attention to what is happening in this country because democracy is failing. look what happened in the past year with restrictive covid protocols put in place by the biden administration, free-speech and freedom of speech and expression under attack in nearly every corner of society especially big tech sector and americans losing trust in the integrity of elections, these are characteristic of authoritarianism, not democracy. todd: will his numbers reprove if republicans win back congress. >> one thing is for sure. we really need to focus on the fundamentals of democracy starting on college campuses where many of these young americans get their education. the leadership institute

. >> robert jacobson worked for alex jones for more than a decade.eories jones pushed on info wars like mass shootings being fake were about making money, which he did by selling questionable health supplements on the info wars website. big stories equalled big profits. >> to alex, that means that he is going to sell some product that day because of the spike in audience based on somebody else's tragedy. >> jacobson says he doesn't know if alex jones believes his own conspiracies. donovan crowl's mom and sister say crowl believes them all. >> he would constantly facebook message me, sending me stuff about hollywood pedophiles eating babies. and i'm like, i would just shame him. i mean, that's absolutely ridiculous. i would be like, you're a dumbass. this is not true. >> he would tell us such crazy things. hillary clinton had a sex ring in the basement of a pizza parlor. tom hanks and his wife were the head of a pedophile ring. >> your son believed in qanon, basically? >> yes, absolutely. >> a new conspiracy was seeping its way into right-wing social

. >> mark jacobson. i really appreciate what you said about america trying to reclaim its leadership role and there are a lot of challenges. the president said at the democracy summit u.s. is a champion of human rights. i wonder how you address the skeptics who might say, well, in addition to afghanistan and the plight of women and children, you have a failure to condemn the israelis for naming palestinian human rights groups terrorist organizations. you have a diplomatic boycott but still put international athletic competition ahead of the human rights of the uighurs. there is no action taken on the saudis anchovy. i am curious how to address that in terms of perception and the reality of where human rights falls in the biden administration's agenda. mr. sullivan: it is interesting. i have thought a lot over the years about version of this question which could be posed to any national security advisor going back decades, which is somewhere in the world, something is happening, where it is a gap between

. >> mark jacobson. i appreciate what you said about american strength to wreak -- america trying to reclaim its leadership role. the u.s. has been a champion for human rights. in addition to afghanistan and the plight of women and children, you also have a failure to publicly -- -- head of the human rights for the uighurs. there's been no action taken on the saudis. i wonder how you address that, both in terms of perception and the reality of where human rights falls in the biden administration's agenda. >> it's interesting. i've thought a lot over the years about a version of this question. which could be posed any year to any american national security advisor, going back decades. which is somewhere in the world, something is happening, where the gap between our stated values and outcomes exists. i guess what i've come around to and i wrote about this a few years ago is, [indiscernible] [laughter] i have written in foreign affairs, too. what i've come to -- america doesn't make the claim that the only

brian jacobson joins us. he calls this a sweet spot going into.s that pollyanna given the risks of a policy mistake, what a more severe variant can do when it comes to the return to normality? >> it may sound pollyanna-ish. i think it's about a rational assessment of the various risks out there. not just the possible outcomes, but the probabilities around those outcomes. to us, a good case case is still that we have better growth in 2022. the slowdown in the third quarter of 2021. possibly extending globally through the fourth quarter. we think that we could see three excel or an of growth locally. than a lot of the supply chain issues beginning to resolve themselves by the natural functioning of the markets. there has also been some concerted policy intervention to get goods off of. for the most part, we think we could see decent growth, lower inflation pressure. that just means central banks don't have to be in a hurry to take away the accommodation. that's one of the reasons why we think it's a favorable environment for staying overweight equit

cfo paul jacobson says sales have been strong.been able to mitigate mass production caused by the chip shortage. he says the semiconductor crunch has stabilized but does not expect a normal infantry level until at least 2023. disney has named board member susan arnold as its next chairman. she will succeed bob iger, who stepped down last year. arnold has been on the company board for 14 years and has served as independent lead director since 2014. unicredit is planning around 3000 more job cuts, doubling down on profit after an error of restructuring. sources tell bloomberg many of the cuts will come from the italian lender's corporate center. it is up to focus more on look at of products. shery: we are counting down to the start of trading. south korea has confirmed its first case of the omicron variant in five people. it is introducing a mandatory 10-day quarantine for incoming travelers from friday. also, we had eco-data out today for november. consumer inflation prices coming in at the highest in the past decade. also gdp came