thank you, jay. we'll touch base with you later. he is right in the direct as we bring in our meteorologist bill karins, striking news's wuss learned. you've been following this for the last three days here and as you look at it, bill, what are you seeing from his reporting? >> i mean, incredible picture there is out of lake chores. we had an official gust of 98 miles per hour right where jay gray is located. credit to their crew for being in a safe location and can still transmit on the air. they're about to go that that northern eye wall, you know, and that's when it's really -- what you saw was bad. it'll probably be double that in roughly probably 15 to 20 minutes where jay gray was standing. hopefully he can get to a safe spot and will go through the eye, maybe 35 to 40 minutes in a calm eye and maybe we can get a signal out in the middle of the storm which would be incredible too. we'll follow all those details as we go through the next hour. let's show you where it is. official landfill, 150-mile-per-hour winds at landfill. y

how does jay powell do that. does he generate a hopeful message today when i have a number of leading economists looking at double digit unemployment coming down slowly? do andit will be hard to it is probably not in jay's best interest. he will want to keep the pressure on congress to come up with a fiscal stimulus, which probably will not happen until september at best. you could look to some data points like retail sales, durable goods, which improve. the problem is the high-frequency alternative data sources suggest this recovery is already petering out and it could turn into a downturn if we do not end up re-updating some of the fiscal stimulus. tom: megan greene, thank you so much. bond breaking out under 140. some of the tension indicative of what we will see in 30 minutes. lisa: which is exactly how the fed can respond. how much lower yields will help the labor market and how does the market respond to this economic data that looks terrible, but is in line with terrible expectations. tom: i go to what mar

jam master jay was murdered in a new york city recording studio in 2002. investigators now releasing new details about that case after they indicted two men. as one-third of the pioneering group run, dmc jam master jay whose real name was jason mizell was the deejay on the turntables for classic hits like "king of rock quote ♪ with the beat >> reporter: and the rap/rock collaboration "walk this way" with aerosmith. ♪ walk this way talk this way >> reporter: but in 2002 jam master jay's trailblazing career came to an abrupt end as he was sitting on a sofa in this new york recording studio. >> we begin with the death of jam master jay at the legendary rap group run dmc, a band that has been called the beatles of hip-hop. >> reporter: for nearly two decades his murder went unsolved until now, monday investigators announcing a major break in the cold case. >> today we begin to answer that question of who killed jason mizell and why? >> reporter: federal prosecutors charging karl jordan and ronald washington for mizell's murder alleging the two conspired to kil

take a listen to what he told me. >> tell me about jay. >> jay's one of the nicest guys you'll ever meetit doesn't matter if you're far left, conservative, no one will want to hurt this guy. >> you were good friends? >> good friends. >> do you have any regrets? looking back on saturday. >> i have regrets that jay was shot. i don't know whether we went to the -- the way media is portraying it had something to do with the trump cruise, it didn't. jay was walking around in his own town and he got attacked. i don't know what else we could have done differently. >> reporter: i asked him why he was part of the convoy, what sort of message they were trying to send that day? he told me that they were simply along for the ride. joshua. >> thanks, erinn. >>> you may recall that president trump once asked for total loyalty from the former fbi director james comey, a new book suggest that wasn't the last time he made such a demand. president trump then offered the job to john kelly. kelly refused saying that his loyalty is to the constitution. nbc national security and intelligence correspondent joi

debitwe are expecting a message from jay powell. how is he going to be more dovish than keeping rates near zero forever, and having a quantitative easing program that is going to respond to any dip in the economy? what is more dovish than that? tom: you mentioned a second look at the gdp numbers, and what we have heard without austin from peter hooper of deutsche bank, no stimulus, no vaccine, he q1,s for a recession q4, to this.a backdrop absolutely extraordinary. lisa: it will be interesting to see what jay powell has to say about stimulus. he's taken a pretty active role in saying to washington, you need to do your part. that is what is going to keep this economy going. we've done our part. tom: at 8:30, jobless claims. alisha levine coming up before claims. i think she is much more cautious, i'm guessing much more cautious than what we just heard from mr. harvey. lisa stay with us. eight., negative this is bloomberg. ritika: with the first word news, i'm ritika gupta. hurricane laura is battering louisiana with high winds today.

>> the day after jay powell makes this huge look at the picture.down 35% against the dollar he was one of the originators. today, we see the yen go higher. the fact there is a tiny bit of instability. it throws fuel on the fire the little bull back is forgotten about. is it a big deal i guess if i had to put a point up on the story, the yen is rallying on the dovish look. >> how much of that is a dollar weakness we've seen that as a trend this year >> sure. and that will continue, the federal reserve. they've made it clear they'll throw everything at it probably down 8 or 9% this has been the thesis of the whole trade. long gold. long silver. long stocks predicated that we want to knock it down. >> do we continue to make record highs into the year end? >> i think so. my continued target in the next two weeks. i believe we are headed higher right now and there is nothing i see on the horizon in the near to medium term >> thank you, sir. >> that does it for us "squawk box" picks up the coverage right after this commercial break what happens when 2 mi

no cowboy stuff, jay powell. it makes a lot of sense, this satire.t is trying to make sense of the market when you have covid-19 pandemic still ravaging economies and people's health and the s&p 500 on friday hitting a fresh high. satire piece warns the robinhood boys and girls it will not end well for them. the bond market did move quite a lot less week, the biggest one-week move since june. you take it away. the robinhood boys and girls, they think they are smarter than warren buffett. this is not going to end well. i have been on the pension fund again and moved up the great inequities. -- the grade in equities. when you press the button, it is all over. ann-marie: let's look at what markets are doing. we have the msci to asia-pacific -- msci asia-pacific moving up higher. it is breathing what has been a horrible month for asian equities, on course for the best august showing since 2003. things are pretty weird in the markets. the 10 year yield, point 65%, watching treasuries the entire week. dollar-yuan, 6.9. this is something we are watching as

how is jay powell best going to communicate this?nu: he is going to talk about this in broad brush strokes. this will not be the big reveal tomorrow. at jackson hole, i think it will have to wait for the details in the meeting september 16, the fed meeting. what he is likely to communicate --he is increasingly dashed increasingly worried about fiscal policy so he will say we will do everything it takes and this will be the whatever it takes speech, equivalent of that. -- the talk about administration spoke about them not being the key -- but he will term premiumsand and inflation expectations getting up. he will be speaking and broad brush strokes, and a significant commitment from the fed to do whatever it takes is what we can expect. there will be a lot of good sounding stuff from the fed for the markets. were discussing earlier is whether or not inflation rates can maintain another 10 or 15 basis points, especially if we get a democratic sweep. a six month is on view, can you push up inflation? i have my doubts. guy: let me ask yo

joining us now is nbc's jay gray in lake charles. i understand the storm was just downgraded moments ago to a category 3 storm >> let me tell you, i can't tell much of a difference between a three or four. we are still getting pounded here the eye has moved over lake charles. >> reporter: laura, crashing into the gulf coasterly thursday morning. the most pourful stowerful stor the shore line sustained winds of 150 miles an hour and gusts even stronger more than a foot of rain in some areas and what the national hurricane center calls unsurvivable at just three feet, the surge can be life threatening, six feet can smash through windows and doors, at nine feet, entire neighborhoods could be swallowed. laura's storm surge could crest at over 20 feet. >> the fact that there could be a wall of water over two stories high is hard to conceive >> we could have 90 mile an hour wind gusts up to southern arkansas we expect millions of people to be without power we have to deal with rainfall and flooding in tennessee and kentucky >> now look, we

a hugely dovish position was perceived to come from jay powell.me high for the straight session. what are the long-term implications of what jay powell said today? >> you pointed out that the move in the u.s. bond market , you had fairly significant moves down. what did to take away, jay powell tell us that we didn't already know or expect? this is been a well telegraphed change. you are already in the bear camp, there wasn't anything to move you out. if you continue to expect further dollar decline, there is and someey to be made of the bond areas. it from an equities perspective, it doesn't change things. we know the fed has got your back. we have known that for a long time. it is still a question of where you are looking for value. clearly, there are some areas of asia that seem cheap on a relative basis to their own history and the u.s. and particular. australiaappeal of rising as well? that is just one example of how fearful people were going into an earnings season where it was so difficult for companies to telegraph how their businesses are

jay bhattacharya.turning to the lebanese government, who resigned after the horrific port blast. this is "balance of power" on bloomberg television and radio. ♪ david: this is "balance of power" on bloomberg television and radio. i'm david westin. lebanon's government is about to resign. the public is amending their resignation after that terrible port last in beirut that killed more than 150 people, injured thousands, and displaced hundreds of thousands more. give us a sense, first of all, politically, what is going on with the government there? >> the government has been under pressure since the blast. it on years of negligence and corruption. tons of ammonium nitrate, a highly explosive material, was left at the port, for six years, until the inevitable happened. blameblic has put the squarely on government incompetence, nepotistic, corrupt systems that god has in this place. protestse big saturday. the prime minister promised early elections in an effort to defuse the anger, but that did not work.

fed chair jay powell is speaking later this morning. >>> the ceo of tiktok has resigned. a former disney executive said the political environment has sharply changed since he joined in may. president trump issued an executive order that would ban tiktok in the u.s. on national security concerns because it's owned by a chinese company. claiming it hasn't been given due process and it is not a security threat. it says it does store customer data in the u.s. and singapore. >>> google is bringing hands-free hospitality through its display. find out when the restaurant and pool is open and control smart devices in the room such as tvs, lights and blinds. google says you won't need to sign into your account and erase all activity when the hotel resets for the next guest. kari hall, over to you. >> thank you, frank. let's head to the south bay right now with a look at our temperature trend. we're starting out with some better air quality. a few clouds this morning and we will see our temperatures heading into the upper 60s by noon. it will be a cooler day. we'll get a look at al

we were talking to jay around 12k a. 2:00 a.m. you know he's a big guy. he about toppled over. >> i'm 6'5". i'm okay. i would say it's been about 60-mile-an-hour gusts. if you go farther south into the port arthur area, you're looking at 60, 70, 80 miles an hour. this system is dynamic and it's moving. as we get closer to the left lower system, maybe we see stronger winds. at the moment, richard, 60, 70-mile-an-hour gusts. >> sometimes we measure the debris or how side waze the rain is. how side waze -wise is the rain now? >> reporter: it's pretty side-wise. you're not talk much rainfall to this point. you were talking about it being projected to be about 10 inches. so far the rain has been relatively mild. it's the trifecta that we're worried about, especially the heavy winds and storm surge. right now we have one out of three with the potential for the other two to be rising in the morning. again, you can feel the wind gusts coming. they're pe they're periodically moving in. >> straining there at the building behind you. sam brock, thank you so much wit

maria: my thanks to chairman jay clayton.re "wall street" right after this. ♪ at fisher investments, we do things differently and other money managers don't understand why. because our way works great for us! but not for your clients. that's why we're a fiduciary, obligated to put clients first. so, what do you provide? cookie cutter portfolios? nope. we tailor portfolios to our client's needs. but you do sell investments that earn you high commissions, right? we don't have those. so, what's in it for you? our fees are structured so we do better when our clients do better. at fisher investments we're clearly different. but what if you could stdo better than that?k. like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online tod

here to talk to you tonight is the manager, jay. >> hello. can you hear me? >> hello, we can hear you. >> thank you so much for taking this time out to speak to me. >> you're on mute. i can see your mouth moving. >> let's see... >> we can hear you now. >> okay. i'm not sure how to start, but thank you guys for having me, and thank you for the consideration, and i don't know what else to say. how do i move forward? president bleiman, how do i start? >> i know recovery room, you took over a few years ago. it used to be an irish bar. >> yes, sir. >> you guys want to do some entertainment, i believe, right, with this permit? >> yes, yes, sir. >> why don't you explain to us exactly what you want to do with this entertainment, how do you think it's going to bring your traffic to your business, and tell the rest of the commissioners what it's going to be like. i've been there a few times. it's a fun bar. >> thank you, commissioner. it's actually a request from most of my patrons to have just some jazz, just some light music during the day just to keep the place a li

they wait for jay powell, for the narrative on specificity from jay powell in regards to what's happeningvernment bond yields back up. if there's a taper tantrum, would you buy them there? there are rumblings that shinzo abe may be unwell and not be able to continue his tenure. crude comes back to flat. holding, just about five-month highs. onricane laura bearing down key refinery units in the u.s. along the gulf coast. it is going to become a category three storm. it threatens to inflict as much as $18 billion in damages. some of america's largest oil refineries shut for month. the u.s. energy secretary says the industry is ready. >> we are very prepared for this hurricane. it is moving into this houston, southwest louisiana area. the houston channel is there. big, huge refineries down there. several other important pieces of our oil and gas infrastructure are down there. we have a specialized office at the department of energy that has directed -- is directed. their teams are already evaluating this. we are working closely with the industry. the industry is well prepared for this type o

treasury yields jumped at the announcement from jay powell on inflation yesterday. the yield premium demand by investors increased the most in two months. we spoke to the st. louis fed chief after the announcement. >> it is a large committee with many opinions. i don't think you want to get into precise mathematical formulas here. but the spirit of this is that in the committee's judgment it would be wise to allow inflation to be above target for some time , to make up for past misses to the low side. and then markets having expected that will then cement their expectations of 2% inflation. what has happened is we have missed our target to the low side for a while here. almost a decade depending on how you measure it. thehink that is because effective lower bound is pulling the inflation down. this is a way to make up for that and make sure you get that ability for your 2% inflation target. comfortabled you be with in terms of an overshoot? to nominal gdpe targeting, which i have advocated. it is in this family of policies. average inflation target is kind of more p

jay: airbnb, they are probably pursuing a triple track strategy.ps a merger, perhaps doing a direct listing, very possibly doing an ipo. having the possibility of doing a merger with the staff or a direct listing, that gives them a little bit better bargaining position for a traditional ipo. for companies like palantir and airbnb, which are successful albeit not particularly profitable companies, they will get a lot of investor attention and they can afford to do a direct listing because they don't have to worry about analyst coverage. with a company doing a direct listing, they are not paying as much to underwriters. ipo, thereaditional is a danger of being underpriced by a lot. yearverage tech ipo this has had a first-day return of 71%. the highest since the internet bubble 20 years ago. that is leaving a lot of money on the table. i think that is one of the others why palantir, companies are planning on doing direct listings. emily: what do you make of the valuations, especially given that a lot of these companies have suffered because of covid.

so it depends on how people interpret what jay powell and his colleagues say, whether they think it is credible, and that is something we just do not understand very well. even someone like ben bernanke, superb communicator and extremely experienced at that, we had the so-called temper tantrum when talking about slowing the growth of the balance sheet, not cutting the growth, but slowing the growth of the balance sheet. we do not have a lot of experience with how these words, how these changes in frameworks affect expectations, and there could be some to molt along the way. there is going to be learning. i think there is a good chance it will be successful, so i think this is going to change the entire inflation process. that.ot so sure about is it going to be helpful to get out of what was a bit of a straitjacket of just talking about 2% or symmetric 2% target, i think is helpful. >> what about success and communication, professor? thatid and remarked today he wants to make sure this is well-communicated and transparent. is he succeeding in that? >> i think he is trying very hard. pre

good morning, jay. good to see you this morning. >> good morning. >> were you surprised to see the poll, that we didn't see a major bump for joe biden after the convention? >> not at this point. the conventions here just with what they have and they can't do the kind of convention they'd like, something with crowds and balloons, it gives more of a positive vibe. so it's not surprising. this is more of a convention. people have to get a sense of where the candidates are at, what they're going to do, how the campaigns are going to roll out over the next couple of months, but it didn'ter is prize me there wasn't much movement after this. >> and he had a widespread going into the convention when it came to polling and has maintained that widespread when it comes to double digits. >> right. >> let's talk about the first day of the republican national convention. in your view, what were the main takeaways so far and what we can expect over the next couple of days. >> well, it was an odd mix, i thought it. was

jay.saw earlier during your live shot you were using all of your body weight against that wind to stand up. certainly a different scene right now. >> yeah, marcus, that is significant weight. it has been a rough and tumble night and thankfully at this point we are getting a bit of a brick. we're still getting some pretty significant rain gusts at times and rain has stopped at this point. we'll fin to see this as well as a bit of spinning of rain for the next couple hours here as the storm finally clears all the way through and continues to move to the north. it was a tough go, especially here in lake charles. the eye coming directly over this city. we saw winds of 132 miles an hour. landfall, though, in cameron, that was the toughest go. 1 150-mile-a surge there has really wiped away everything that was along the coast at that point. we'll get a better idea of that and more picture as we go throughout the day. as it moved into the lake charles area, it began to tear away different things o

jam master jay was the pioneering deejay behind hits like "it's tricky." ♪ it's tricky to rock aroundy ♪ ♪ tricky tricky tricky >> reporter: his hip-hop group, run-dmc, responsible for "king of rock" and the collaboration ♪ walk thisayalk this way >> reporter: in 2002, jam master jay, real name jason mizell, trail blazing career came to a shocking end as he was sitting on a sofa in this new york recording studio. >> we begin with the death of jam master jay of the legendary rap group run-dmc, a band that has been called the beatles of hip-hop. >> reporter: for nearly two decades the 37-year-old's murder went unsolved. few witnesses, no known motives, until now. investigators announcing a major break in the cold case. >> today we begin to answer that question of who killed jason mizell. and why. >> reporter: federal prosecutors charging karl jordan and ronald washington for mizell's murder, alleging the two conspired to kill him over a drug trafficking dispute, and shot him point blank in the head. >> mr. jordan and mr. washington walked into a music studio in queens where mr. mizell a

>> jay dillon: this is some of the biggest news ever. >> wertheim: jay dillon is a rare book dealer in jersey. he ranks the columbus letter as one of the most important documents ever printed. >> dillon: this was one of the first bestsellers. it is probably the first contemporary account of anything to be published across europe. >> wertheim: today, only about 30 copies of this columbus letter still exist. >> dillon: each one is now worth something in the low seven figures. >> wertheim: more than a million dollars? >> dillon: more than a million, but probably less than four or five million. >> wertheim: it was while researching columbus letters on his home computer, back in 2011, that jay dillon first noticed something amiss. the national library of catalonia in barcelona had posted photos of their columbus letter online. what struck dillon as odd: it looked exactly like a columbus letter that he had seen for sale a year earlier, right down to the same smudge marks in the margins. and you're telling yourself what at this point? >> dillon: i'm telling myself that one of them has to be a

jay gray live for us this morning. thank you and stay safe out there. >> most definitely. >>> it is 6:48 right now. moving on to decision 2020. tonight marks the final night of the republican national convention. president trump will deliver his nomination acceptance speech. >> now last night in the star spangled ceremony mike pence accepted the party's nomination as vice president and, scott, this is a place i know very well and ft. mchenry there in baltimore. >> right. baltimore, your home town and ft. mchenry a star spangled place to have the event. it is the home of the star spangled banner in the war of 1812. here is vice president pence as he accepted the republican nation national nomination. >> with gratitude president trump has placed in me, the support of our republican party and the grace of god, i humbly accept your nomination to run and serve as vice president of the united states. >> now, the backdrop to all of this was breathtaking. picture perfect for an all-american ceremony but there are huge legal is

jay powell paving the way for a lower for longer era. driving yield curves even steeper after reaching its widest level in two months. and sparking a rally in high yield with the lowest rated bonds leading the way. we begin with the big issue, investors debating the market implications of a policy shift at the fed. interestr to be hiking rates is so high. >> low rates will be with us for longer. >> this is an important shift. >> may be more evolution than total revolution. >> the fed wants a steeper yield curve. >> we have gotten steeper in the last week. >> people are seeking that extra yield. >> is the fed going to start buying longer on that curve? if so, that will keep rates lower. >> the path we are leading down is not a good one. >> what the fed is trying to do is what every central bank is trying to do, which is engineer growth. tyler: george bory is with us now. talk to me about what you have been noticing, your take on the big reflationary trade yesterday but then a little bit of a comedown in yields again today. george: thank y

board. >> dan, always great to get your thoughts have a nice weekend. >>> coming up, find out what jay-znd jack dorsey were doing in the hamptons this week. other top headlines this morning. >> the white house has designated teachers as essential workers which means they could continue to work even after testing positive as long as they remain asymptomatic. >> a top official says he would resign if they rubber stamp a vaccine before it is proven to be safe and effective. >> and two tropical storms that could hit the country the same day. one could impact puerto rico and the virgin islands, the other headed to florida. forecasted to merge in the western gulf of mexico both could impact the u.s. next week stay tuned ♪ with a burning love inside ♪ yeah i'm working my way back to you, babe ♪ ♪ and the happiness that died ♪ i let it get away servicenow. the smarter way to workflow. >>> welcome back, let's find out what else you'll be talking about today. today's trending stories >> are you ready for some football we are getting an ad will cost big bucks. viacom seeking $5.5 million for every

with sam jay.ess you could say. when i hosted snl, you and gary richardson wrote a sketch for me do you want to describe the premise to everyone? >> well, the premise of the sketch was that you were like an executive for a company and you had dressed up like cardi b. for halloween but all you did was the wig and the purse, and i think the nails. and everything else was just a man's business suit, so you didn't really commit to the costume. and then you got very frustrated with your employees because they didn't recognize who you were. [ laughter ] >> seth: it was a lot of fun, and it was -- a very natural conclusion as to what to write for seth meyers. i appreciate - >> it was definitely one of those ones where we were into the sketch, and we're like -- in the first blocking, i was like, "gary, i don't know if seth wants to do this." [ laughter ] >> seth: no, no. i swear, i was all in. [ laughter ] i was all in if anything -- >> i don't know if he likes this >> seth: i think you were up against my

. >>> 18 years after the murder of run dnc rap star jay master jay, who suspects have finally been arrested. stephanie gosk has late details. >> reporter: he was gunned down in 2002, a single shot to the head tonight, 18 years later, federal prosecutors say they know who did it. >> they shot him in cold blood. >> reporter: donald cache and carl jordan jr. charged with murder while engaging in narcotics trafficking. jordan jr. pleaded not guilty today, washington already in federal prison for robbery will be arraigned later this week prosecutors allege jam master jay, whose real name was jason mizell bought 10 kilos of cocaine, he was murdered because he wouldn't let washington sell the drugs. >> primarily it's a case about a murder, that for nearly two decades had gone unanswered >> reporter: formed in 1983 run-dmc was not the first hip-hop group but the trio would become the inspiration for nearly every rapper who followed mizell was the deejay, this is what made him a master run-dmc rose to the highest heights in the music industry, their single walk this way together with rock band aeros

there are accounts that police tased jay could be blake. they tased him. followed him from the passenger side of the car to the driver side of the vehicle with weapons drawn. you see one of the police officers tugs at his shirt. then the police officers, not sure which one, open fire and you can hear several shots. >> attorney benjamin crump representing the family of jay could be jake says he's out of surgery and in stable condition. that video spread rapidly over social media. what followed was riots. vehicles set on fire, buildings vandalized. municipal buildings closed. a curfew was in place last night and again tonight there. is discushmanning video of a kenosha police officer knocked unconscious, knocked to the ground. people say it was a brick to the head. rioters are una polapologetic. >> we're tired of police using their brute force, manipulation tactics. they use every tactic in the book to get in over and manipulate us. this was the tipping point here. who is to blame if we outcry? who is to blame if we want answers and nobody gives them to us.

prosecutors allege jam master jay, whose real name was jason mizell, bought 10 kilos of cocaine, mizell was murdered they say because he wouldn't let washington sell the drugs. >> primarily it's a case about a murder, that for nearly two decades had gone unanswered >> reporter: formed in 1983 run-dmc was not the first hip-hop group but the trio would become the inspiration for nearly every rapper who followed mizell was the deejay, this is what made him a master run-dmc rose to the highest heights in the music industry, their single "walk this way" together with rock band aerosmith, the most successful and most unlikely collaboration. in 2002 when news broke that mizell had been murdered, fans were in shock. >> a great loss. >> some calling run-dmc the beatles of hip-hop, their legendary status bookended by an unsolved murder that tonight may finally be solved. stephanie gosk, nbc news. >>> a short break and then up next a young boy's plea and the remarkable outpouring. >>> finally, a simple plea from a 9-year-old boy in foster care and the overwhelming response here's kristen dahlgren.

jay powell said we don't really want to go there. if inflation is very low and unemployment is high, it is going to be tough to do much if inflation is low and expectations are low. they are hoping to move them up so they don't have to go to negative rates. kathleen: you can maybe change market expectations, but the regular consumer deciding whether or not they are going to buy a home, etc., aren't those the inflation expectations you need to change? market expectations and average consumer expectations. one of the things jay powell referred to in his speech was some of the fed listens events they have. people, a panel of real not people with phd's or hedge fund managers. just real people talking about these issues. he said he found it really striking and i find it striking also. your average person isn't thinking about the monetary policy framework. what the fed needs to do is not only change the framework, but the way it speaks about things, so it can connect with your average household. kathleen: what would be a quick example of t

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the male voice is actually making that call for change that he's had a practical book we heard that jay-jay bola proposes some strategies to counteract this traditional kind of socialization what's he suggesting exactly. well as a social worker one thing he does is try to get boys and young men to keep an emotional diaries who writes about when they feel sad or angry when they feel like crying or when they feel like hitting somebody he says that through processing these feelings analyzing them we get to know ourselves much better he also once meant stop thinking about sex in terms of domination and power the conquest mentality when i was young it was all in love and war he wants people to see sex and relationship more in terms of empathy and motional supports and love which is something that has to be learned and requires a positive role model was also very interestingly making a plea here for literature is that right that's right he says reading is very important he supports an initiative called boys into books which gives 3 books to young boys but he's not happy to just have them read the

would bail them out and print more money then bernanke it's a cover then janet yellen sic over and now jay powell is taken over so i got 4 successive fed chairman and woman who have been engaged in this obvious fraud with bernanke the way he was very had a very bad poker face and you could tell he didn't believe a word he was saying he was just setting himself up for that job at citadel when he got out of the out of the fed and cash in so many politicians and policy and fed chairman do but it's interesting in that we've had now 35 years of this fraud and it goes from chairman to chairman to chairwoman to chairman and as a result the subsequent crash and devastation could make the what happened in

nbc's jay gray is on the ground there.more about the aftermath that you see there >> well, you know, frances, it's overwhelming it seems everywhere you turn, there's devastation and debris this twisted, sheared metal part of what used to be a gas station here you can see the pumps still there, but this one is gone. ripped away and tossed away by the storm. evidence of the sheer power of laura. at first glance, it has the appearance of a child's messy playroom cars and trucks scattered on their sides. but a closer look and it's clear, this mess is no game. >> there's so much damage here you're going, this is a disaster area you know, it's a literal disaster >> reporter: from cameron, where the massive storm came ashore through lake charles, the devastation from laura stretches for miles. >> this was the most powerful storm to ever make landfall in louisiana. >> reporter: a category 4 hurricane with sustained winds of 150 miles an hour ripping apart homes and l businesses, literally pulling trees from the ground. snapping po

jay: we are always going to welcome good news.ood news coming off of six pretty difficult months in manufacturing, and frankly, six difficult months for the entire economy. i hope this is a precursor to additional good news to run the rest of the year but we will have to wait and see. a lot of this comes down to whether the american people want to resume kind of normal activities are not. if they do, we are all going to have to do the smart ring, take precautions, wear masks in public, make sure we are protecting each other, so that we are not completely losing people through death or hospitalization or terrible sickness, so that they cannot work, or function. hopefully, these numbers do not propel us into the future with worse numbers. david: these numbers are month over month, positive, does not mean that we have done ourselves out of the hole, but employment was down to 44.3. take to get people back in the plants manufacturing things? pandemic,ghout the workers have been essential, producing the medical supplies, ppe, food supp

jay now could vicious debate be conducive to breathe will changes like in the constitution or could itpave the way for the ministry establishment that has been entrenched in the country over the last decades to play more of a restricted role in the country i think is debatable especially when you see when i point being there 3 issues out i think ok the law itself is one it's one thing. but 2nd think it's the beginning so i don't i pretty much agree that many times the military or any establishment. had been using our section 112 as well as section 116 of the penal code in pretty much the wrong way that i can agree with however in the 3rd point if you are attacking the establishment and you want to stand that change or you want the military to to be in line with the constitution and to see what actually his majesty our current king was saying that do not do section 112 with people ok but you have to accept that even for commoners even for 8 other people on the war flights if someone is defaming such person in starting such a person feeling such a person it's also wrong under the law i t

maria: my thanks to chairman jay clayton.here, more "wall street" right after this. ♪ ♪ ♪ [ engines revving ] ♪ ♪ it's amazing to see them in the wild like th-- shhh. for those who were born to ride, there's progressive. ♪ ♪ we've always put safety first. ♪ ♪ and we always will. ♪ ♪ for people. ♪ ♪ for the future. ♪ ♪ and there has never been a summer when it's mattered more. wherever you go, summer safely. get 0% apr financing for up to five years on select models and exclusive lease offers. we do things differently and aother money managers, don't understand why. because our way works great for us! but not for your clients. that's why we're a fiduciary, obligated to put clients first. so, what do you provide? cookie cutter portfolios? nope. we tailor portfolios to our client's needs. but you do sell investments that earn you high commissions, right? we don't have those. so, what's in it for you? our fees are structured so we do better when our clients do better. at fisher investments we're clearly different. maria: welcome

back to you, phillip, frances. >> all right jay, we appreciate you giving us the update under the direve got to check in with janessa webb for the latest track of this storm. janessa, hi again. >> hi, where jay is in lakt inse this is the backside of the system and it is going to cause another round of that flooding rain also you saw from his live shot, the winds are picking up in lake charles we saw wind gusts over about 100 miles an hour for over 30 minutes it will be continuous. our next spot will be shreveport >> the rain to follow. thank you, ♪ book two separate qualifying stays and earn a free night. the open road is open again. and wherever you're headed, choice hotels is there. book direct at choicehotels.com. >>> right now at 4:30, outrage in oakland. protests over the wisconsin police shooting turned violent in oakland overnight. the damage we're now seeing for you coming up in a live report. >>> plus -- >> it feels great to be back and into your own place. >>> in santa cruz county, some evacuees get to return home, but thousands still waiting. we're live with the very latest

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semester in full swing, one major university changes course after more than 100 new infections here's jay gray. >> reporter: on college campuses across the country, the school year starts with parties and problems >> i hate to say i expected it with large amounts of students interacting in person on campus. >> reporter: the university of north carolina announcing all undergraduate in person classes will shift to remote learning, with at least four student housing units now dealing with coronavirus outbreaks. at oklahoma state, 23 have tested positive, quarantined in an off campus sorority house and there are at least 45 confirmed cases at notre dame. >> many of the cases that have been identified to this point all seem to have a common exposure at an off campus gathering. >> reporter: across the nation, the numbers continue to climb. now more than 5 million cases and more than 170,000 deaths scientists at yale university have developed a new testing procedure, the food and drug administration granting emergency use authorization for saliva direct, an inexpensive saliva-based test that can

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