we will be talking to chris wood from jefferies llc. from jefferies llc.ks at the most effective ways, to get resources to them, to get services to them. the idea that we have saved five million people's lives, it's overwhelming. it's everything. rishaad: chinese benchmarks under pressure, but there is one particular part of the industry on a tear to the upside. today's fixing a record one in terms of aggression. looking at what is going on the benchmarks, down modestly. we are also looking in on what is happening in hong kong. the hang seng is the bottom one. the property index up. we have the likes of sunac china holdings up 43% at the moment. the securities times saying more cities should drop homebuying restrictions and boost properties sales amend more policy support. that is a look at what is going on with the markets. evergrande up about 30%, country garden up 14% -- 14%. tokyo is seeing its traders returned to the desk. haslinda: a positive day for the nikkei to 25, extending asia's best rally so far in 2023 even as the government warned about the

sean, hakeem jefferies has been speaking. not the first time he has had a standing ovation for what he has had to say. what is he trying to achieve right now?— has had to say. what is he trying to achieve right now? well, there's an awful lot of — achieve right now? well, there's an awful lot of speculation _ achieve right now? well, there's an awful lot of speculation what - achieve right now? well, there's an awful lot of speculation what he - achieve right now? well, there's an awful lot of speculation what he is i awful lot of speculation what he is trying to achieve is talking for as long as it can to give democratic members of the house of representatives, that's what we're looking at, the senate is having a different debate, enough time to read through the complex document. he said in the last few seconds actually that republicans in the past have said they need 72 hours to consider any bill. in this case, he is saying this has been dropped on the house of representatives at 11th hour. an awful lot of the phrases he's

>> well, if he were to agree he's going to do that, i'll follow the leader, leader jefferies.he asks me my opinion i'll give it to him. as far as public position, i made it very clear -- stay with the deal we made. if we want to add monies for ukraine, the nato means as much to this country as it means to any other members. we need to be protecting our place in the world. we cannot isolate ourselves from the rest of the world and think that we are going to maintain the leadership position we have had as a nation for so many years. take care of ukraine and let's do what we need to do for all of these disasters, these wildfires that's wreaked havoc in communities. we need to take care of these people. and yes, put monies there in the senate to secure the border, but not to do this crazy stuff building walls that people will find a way over. >> i think finding bipartisan comprehensive immigration reform would be welcome by everybody in this country. i think we clear i need it, and democrats are clearly feeling it more in democratic cities, certainly here in new york. i think ther

>> i agree with jeffery's comments yesterday. i brought you the word of the day which is stalled.alled. we will continue to be stalled for the foreseeable future for all of the reasons that were discussed yesterday. we have continue to navigate a stalled range-bound market. yesterday's narrative from the fed did very little to change that. we're not going from qt automatically to qe. a lot of headwinds and we need to be prepared for a market that is more choppy and not going straight up because we had the amazing dovish fed speak. >> you agree with the bond king. one thing that is not stalled is yields. will that continue to put pressure on the equity markets? there are sectors today that will be under priressure? >> i don't think that will change. bond yields we have not witnessed since 2006 and 2007. frank, we're talking about markets which have been buy bifurcated. you have the years where a certain segment of the market has done really well and the rest is thinking about companies which are more boring. blue chip companies which have not participated. i think for the trading a

that moment, jeffery, is a searing moment just recounted on paper.to hear milley recount that to you? >> i am not going to say how he reacted to all these things or what we talked about specifically but there were a lot of witnesses to that and i think it's true that for mark milley like a lot of people who worked in and around that administration it was a gradual, for some not so gradual process of learning about the character and proclivities of the former president. i think that was a moment that was deeply unnatural for american military leaders not just mark milley because they venerate veterans and combat survivors like captain avila. they have a universal respect and admiration and sympathy of generals. the idea you would hide them is, it runs, it is repugnant and runs counter to their instincts. >> then again trump is still the same person who told john mccain, you know, he is not a hero because he was pa pastor >> i don't think mark milley when he came in 2019 thought he was dealing with mr. rogers but the interesting thing about the progres

plus, jefferies is upgrading stainquart quasi rival doordash and why he says ads are the y ke to theirnings growth. that's next here on "the exchange." ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ businesses need 5g solutions today. that's why they choose t-mobile for business. mlb partners with t-mobile to not only enhance the fan experience, but to advance how the game is played. aaa relies on t-mobile's network to stay connected nationwide, so they can help get their members back on the road. and we're helping pano ai innovate, to stop the spread of wildfires. now's the time to see what america's largest 5g network can do for your business. (♪ music ♪) now's the time to see what america's largest 5g network (♪ ♪) the walking tree is said to change its entire location in pursuit of sunlight (♪ ♪) where could reinvention take your business? accenture. let there be change. (♪♪) is your brokerage leaving you out in the rain? (♪♪) are you missing out on access to i

hakeem jefferies, democratic minority leaders has also been speaking in the last hour.aid. we went from devastating cuts that would have impacted the health and safety and economic well—being of the american people in 24 hours, to a spending agreement that meets the needs of the american people across the board. entirely consistent with what democrats have said, from the very beginning, is the only path forward. for more on this, i'm nowjoined by dr sarah binder who's professor of political science at george washington university. thank you forjoining us here on bbc news. so we potentially have this stopgap bill which will, once it's been agreed in the senate, will go through. does this give enough time to iron out all the other creases for the main event?— to iron out all the other creases for the main event? while the main event, as for the main event? while the main event. as you've — for the main event? while the main event, as you've said, _ for the main event? while the main event, as you've said, is _ for the main event? while the main event, as you've said, is i

. >> a couple of analysts note, the likes of jefferies, citi, citi put out a note saying if there was a pull back in the stock, they would use it as a buying opportunity. not all the street is negative. >> hsbc, the revenue is disappointing. jpmorgan said we welcome the coast. it's a very mixed bag. with tim to be on a wait and see moment which has been hard for the past six months. for now it seems that the market's a little bit unzblel really quite remarkable stats, charlotte, that the stock is trading below the price at which freddy took over 15 years ago. that is remarkable. a long journey. that was charlotte breaking us down the top company we're watching today, societe generale. >>> there is more news, ubs is sounding out investors over 81 bonds as a wakeup whether to re-enter the market as the controversial bond wipeout after taking over credit suisse. they are expecting to change the terms of 81 bonds to make them more attractive to investors. speaking to myself, when they reported the results last month, the ceo said the bank wouldn't rush back into the 81 market. >> 81 will

hakeem jefferies, democratic minority leaders has also been speaking in the last hour.nt from devastating cuts that would have impacted the health and safety and economic well—being of the american people in 24 hours, to a spending agreement that meets the needs of the american people across the board. entirely consistent with what democrats have said, from the very beginning, is the only path forward. it still got to the senate, hasn't it? iii it still got to the senate, hasn't it? y s, it still got to the senate, hasn't it? y ., ~ ., it? if you think of the united states congress _ it? if you think of the united states congress in _ it? if you think of the united states congress in the - it? if you think of the united i states congress in the building behind me, at least the image thereof, live images. it's made of a lower chamber and an upper chamber, it has the house of representatives and it has the senate. so yeah, 335 to 91 is an overwhelming majority. democrats of the house of representatives have absolutely backed up speaker kevin mccarthy, he was already under

what do you make of nike, lululemon and the commentary from jefferies? >> it's rare nike trades at a discount to lululemon and that is the occurrence. this was a phenomenal report, 11 comp, 13 constant currency comp, up 15%, china up 61%. for those of how have heard me say the china consumer is on its way back this is confirmation of that. and i have been on that theme for a long time, pretty much all year i think the reopening will help the chinese consumer, your baba buy as well. i think nike has earnings of $6.50 the next couple of years. a lot of that is freight costs coming down. and so i like this name. it's not cheap. it's another compounder. i do like their positioning and they have 15% exposure in china so they should benefit as well as the consumer does recover there. >> the number is phenomenal growth in the united states and china. the growth rates did slow in china from i think 79% growth to 61. does that concern you at all? >> no. i think it's a little lumpy. i was very impressed with the gross margins. >> just huge. they're killing it. the

jefferies hikes the astrazeneca rating to buy.er is.5% 1.5% in the pre-market. a . >>> and wolfe initiatives brings instacart to a buy. shares of instacart are down right now in the pre-market. >>> time now for the global briefing. we start with the big story. property developer in china evergrande cancelling meetings this week with creditors. saying it must restructure it's payment plan. shares of evergrande falling double digits in hong kong down 22%. >>> eu warns of more assertive fair competition calling out the lack of reciprocity. the comments coming during the eu's trip to china as they investigate the supply chains at home and takes on a de-risking str strategy. >>> shares of qantas airlines will spend more on customer demands than planned. this as investors question the profitability outlook due to high costs and series of cancellations and complaints of lost luggage. >>> eu regulators are blocking booking holdings deal of etravel. it would strengthen bookings independin the market. >>> coming up on "worldwide exchange,"

guy: they come early and give us a taste of what is coming and they may be set the tone at jefferiesbers currently, they are not good but we have seen a pickup, and we see ipos and deals coming through. these green shoots feel early in the season and you do feel that given what is happening in the bond market and the turbulence we are seeing, do you want to come to market and bring anything to market with the turbulence in the bond market, the oil market and potentially the equity market and credit market? i wonder how fragile these green shoots are. alix: i no doubt -- i have no doubt we will talk about troughing with the banks. texas capital bank is the fourth largest one in texas and has assets at about $25 billion -- $29 billion. you are launching the first state etf or texas. rob: first state t -- state etf and texas the reserves its own etf. there are 30 countries with smaller economies than the state of texas that has their own etf. thank etf is made up of companies -- it has to pass liquidity and flow requirements but want to do that, -- once you do that, 222 companies weight

. >> jefferis upgrades them to hold the price target is 90.s happening possibly next week, the roadshow is today. his ipo market coming back. in the disclosure the instacart is revealing of the roadshow, there is confidence in the delivery market, dashes up in one of the reasons is that. >> united auto workers union could be going on strike this week, here's the question what i've been hearing how could elon musk benefit from the strike. lauren: tesla is a nonunion he does not have to deal with this. obviously tesla could benefit because it can and will continue to turn out cars in the inventory for the big three right now is 55 days, that is it if the strike is significant prices are going to go up for buyers, it's devastating for car buyers but also the small suppliers that make the brackets in this and that for the automakers and others the total economic loss of a ten day strike is estimated by anderson economic group at $5 billion and maybe there will be individual deals that stellantis is making a counter offer to the uaw today, obviousl

jeffery gardir, board clinical psychologist of behavioral medicine.the wall "wall street journal" d this, rescuing men from rage, rabbit holes. men are trailing women in the college and workplace. many men feel masculinity is under attack. they turn to youtube and x seeking solidarity and find more range. >> what we know is 60% of men ages 18-32 say they're single, not in a relationship versus 30% of women in the same age group. so what we're talking about is an environment where they are lonely. as we know, the surgeon general has talked about that we're really experiencing so much isolation and loneliness. that turns in to rage. so that is part of what we're seeing. they're turning to a lot of the chat box, the so-called chat bot girlfriends to get in any kind of pleasure or relationship. what it does is what you're saying. it enables them to now remain more isolated and not to being relationships that may lead to marriage or children, but to satisfying relationships with other human beings. >> this piece said basically you're taking about an entire

. >> down 4% we talked about the weakening per country consumer jefferis came out and cut their positionfootlocker to hold in a price target of 18 down from 28. they say consumers are likely to curtail their spending heading into the most important season of the year, the holidays with clothing and footwear being the most likely areas pull back. they also downgraded nike but nike shares are slightly lower same reason and they added china into the nike story. david: carmax. >> wedbush says by the stock is appointed three quarters percent. they say carmax is near an inflection point in growth and market share on enduring retail strength. we will take a winner. david: as long as they can find cars with the strike. the irs is cracking down on ticket resale is for concerts and sporting events. what are they doing. >> to remember the american rescue plan they had a tax provision. it had been pushed back now it's about to take effect. if you made money from reselling tickets to a concert like taylor swift or sports event. if you made over $600 you're getting a form 1099k and have to pay taxes o

as we're looking at some of the nike preview notes, jefferies is adjusting estimates moving the pricening overweight but $136 price target. bank of america is lowering the price target to 110. there's concern about what's going on in the wholesale environment for nike. of course there's still focusing on direct to consumer and wholesale an important part of their business. they're actually giving back inventory and rebuilding the relationship with dsw and macy's. that could take time especially as a number of these retailers have worked hard on getting their inventories under control. lorain hutchinson of bank of america points out athletic sports wear companies, at least the data points she's seeing are suggesting promotions remain and a number of surveys from jefferies says if consumers have new student loan repayments they didn't have previously say they're going to cut back the most on apparel and footwear. >> i was going to say you get to a point in the cycle where companies start to come into focus for how discretionary their products are. there was a time you say people buy mor

maria: it is interesting the kangaroo court that hakeem jefferis is talking about what went on with donald within impeachment because of a phone call and of course the media going along with it all the associated press is also downplaying this, the gop investigation is the subject of the ap they write republicans are claiming without evidence that joanne had provided engaged in influence peddling scheme, i don't know how you see any other way, what were they getting paid for. >> as you may clear over your broadcast over the past, six, seven, eight weeks they were getting access, they were getting influence, even though you may not be able to say there is a line item where joe got the money when 20 family members get money and when mr. biden, the president, the vice president is on the phone with them, come on. maria: mitch mcconnell is refusing to say he supports his impeachment inquiry, take a watch. >> to support that. >> i'm going to say it again i don't think leader mccarthy, speaker mccarthy need any advice from the senate on how to run the house. maria: what is his impeachment inquir

jefferies forecast that amazon, walmart and target will be hardest hit, based on exposure to shoppersnt loan balances. jpmorgan says discretionary apparel and footwear are most at risk, calling out dick's sporting goods, foot locker, gap, nordstrom, nike, and others. >> i don't mean to minimize this at all when you have millions of people with an average monthly payment of $356 that that is -- that money has to not go somewhere else. but that so many retailers might be affected. i wonder when all is said and done, whether the impact will be as great as some are predicting. we don't know. >> yeah, we don't know. obviously, many of these borrowers did pay these loans and had been paying those loans for a while, presumably, before they got this the last several years. so it's not a new payment. however, we settle into our spending ways, our budgets. so it may just have a psychological impact. that's my concern that all of a sudden now with one more bill. and by the way, groceries cost a lot more than they used to. it just comes at a tricky time of year when retailers are hoping that's wh

jefferies says 5% decrease in china sales growth could affect the medical tools industry.nomic time. >> that is something to factor in. probably one reason why a name like agilent, historically averaged 27 times earnings. now you get it trades in line with the market despite the fact you have double the growth. investors are really being compensated for that. and that is really largely factored into the stock price today. liz: we had jeff sica and jason katz they both like energy depending on the time. so do you but you prefer to play it with one particular name. what is it? >> pioneer resources is an interesting one today. it is exploration and production company. right now you get it for about 11 times earnings, six times ebidta. what we like about it they have a 3% dividend yield but they have been buying back a ton of shares. last year their total shareholder yield, dividend yield plus the amountth repurchasing was 20% of their market cap. so they have been very investor friendly. they have one of the dominant positions in the permian basin, one of the best maces in th

so either it's mccarthy or as far as i'm concerned we can go ahead and bring on hakim jefferies, who leader, who definitely has his delegation together. but there's no one else in the republican caucus. so they need to go ahead and either come up with an alternative or go ahead and work with the speaker that they have. >> we'll see what they end up doing. 24 hours until the government shutdown. congresswoman jasmine crockett, thank you very much for being with us. >> thank you so much. >> and it's one of america's most notoriously unsolved mysteries. but now there is an arrest in the murder of tupac shakur. ♪ ♪ ♪ >>> this has ban story that largely has gone nowhere for 27 years but now there is a lot changing in the case that has loomed over the rap and music at large for all that time. police in las vegas, nevada are making an arrest now in connection to the murder of tupac shakur shot and killed while leaving a boxing match in the vegas strip in 1996. his murder supercharged the rivalry between east and west coast rappers. the man who was indicted in his killing is duane davis know

>> hakeem jefferies is a great leader and i think he's doing exactly what needs to be done to keep themmunication open. >> as we sit here today, do you think the government will shutdown? is it a foregone conclusion at this point? >> it is not a foregone conclusion, and i hope it won't get to that point. i certainly hope not. >> let's talk about senator menendez, obviously as he's been indicted. should he step down? >> i'm leaving that to democrats in new jersey. they have a democratic governor. >> but you're a democrat, congressman. doesn't this cast a cloud potentially over your party at a critical moment? >> i don't think so. we have to compare apples to apples. and when you compare apples to apples, i don't think you compare a united states senator to the president of the united states. that's a big, big difference. >> despite the fact that you have a long list of democrats who are now calling on him to step down, despite the fact that he's been accused of taking bribes to help egypt. again, innocent until proven guilty, but these are serious allegations. >> they are serious, and i

you know, for the last nine months, leader jefferies has talked about how maga republicans are leading us down this horrible path and we're going to be the responsible ones in the room. i think that's what you're going city from democrats in september. >> david jolly, very quickly, joe biden, he's hearing that republicans are trying to do this in the house. vice president harris, does he make a statement about it, does he say, hey, bring it, come with it, pull up with your impeachment hearing because i know i'll beat it, or is this something the president says, hey, i'm above the fray. i'm going to keep moving heading into 2024 or whoever you put up against me, i'm going to beat him? >> stay above it, focus on the economy that lifts all americans. solving the problems for families at their kitchen table. protecting the constitutional order and constitutional norms that donald trump wants to shred, the contrast will be obvious to the american people. >> thank you congressman moskovitz, appreciate you joining the show, and former congressman david jolly, one of my favorite people. thank

only hakeem jefferies, the democratic leader, seen in public walking with zelenskyy. mccarthy on the other hand did meet behind closed doors, was pictured with him behind closed doors, but it wasn't until our colleague annie greer got photos of them together that there was public viewing of zelenskyy and mccarthy meeting. mccarthy made the decision not to allow zelenskyy to give a joint address to congress. he also decided not to have zelenskyy meet with the full house republican conference behind closed doors or the full house. much different than the senate, which had a full meeting of the 100 senators behind closed doors with zelenskyy earlier today. and there's still a question about whether speaker mccarthy will get behind $24 billion in aid to ukraine that zelenskyy himself made a personal appeal for, saying this is vitally necessary for his country to push back against russian aggression. mccarthy, on the other hand, said there are still questions he has about -- one big question, whether he'll get behind it. >> what is victory? what does it take to be able to

. basically jefferies.erer and a because he had odd hair. yeah it's just and was on the front cover of papers and all sorts of things. >> and it's just so frightening. >> and it's just so frightening. >> it's not just that people are content , but >> it's not just that people are content, but for this to happen, they're actively cheerleading for and that's where i just for it. and that's where i just begin to feel very, very frightened because, okay, it's fine when it's somebody you don't but but what happens don't like, but but what happens if it's your brother, your husband, so are we husband, your father? so are we moving into a culture where people are just assuming guilt or has this come about maybe i mean , just to give the other mean, just to give the other side, you know, we do live in a country where rape convictions are women feel they >> a lot of women feel they can't even go to the police because know odds because they know that the odds of getting to court of their case getting to court are inf

. basically jefferies. murderer and a because he had odd hair. yeah it's just and was on the front cover of papers and all sorts of things. >> and it's just so frightening. >> and it's just so frightening. >> it's not just that people are content , but >> it's not just that people are content, but for this to happen, they're actively cheerleading for and that's where i just for it. and that's where i just begin to feel very, very frightened because, okay, it's fine when it's somebody you don't but but what happens don't like, but but what happens if it's your brother, your husband, so are we husband, your father? so are we moving into a culture where people are just assuming guilt or has this come about maybe i mean , just to give the other mean, just to give the other side, you know, we do live in a country where rape convictions are women feel they >> a lot of women feel they can't even go to the police because know odds because they know that the odds of getting to court of their case getting to court ar

jefferies points out the broader apparel slowdown remains a concern for nike there.its focus selling directly to consumers in its stores and website but wholesale is a big piece of its business and many wholesale sale partners are ordering inventory cautiously because they are planning for potentially softer consumer spending. d dick's and cole's reported strong earnings in august. last year it had a gross margin and gross margin guide cut that sent shares tumbling and the september before the guidance cut because of the supply chain issues. the last two septembers not great for nike. >> yeah. we'll see what color they give us today. you'll be busy today. sara? >> i think the key chart is the nike versus lululemon chart. the growth story there. look at the chart. different directions. up next, oak tree's incoming co-ceo joins me at delivering alpha to discuss where markets and interest rates go from here. we're back in two minutes with the dow down 6 points. the s&p a little bit unchanged. microst,oeg d m igng on the dow. ♪ explore endless design possibilities. to fi

. >> jpmorgan goes from 70 to 52 yesterday jefferies went 90 to 56. >> he was the company.ings didn't go right supposed to say it's always great? >> about franchisee relationships and everything else. >> it's about selling franchises, not selling great clubs. at times the customer does matter i like the guy what can i say tell me someone in the media who didn't maybe we've all been coned by this man who started at the desk and did a fantastic job i'm going to call a top on oil i've had it. >> what was our tick this morning, 93.45. >> enough. david has me so steamed today. i would have to rethink the rest of my day. >> express your anger in football terms. >> yes yes. >> you're shooting against me. >> i'm not shooting against you in disney. i can't help that stock is down. >> you lost in fantasy last night. >> i don't play fantasy. i'm a new york jets fan. i always lose, no matter what. >> would it kill you to hit wilson. >> no. >> we'll see you tonight and look forward to the discussion on oil and everything else disney is dragging on the dow. when we come back deirdre's ex

. >> jeffery dwayne. >> patricia maria. >> robert spiesman. patricia jane stats.oach saban, this goat done took over our office. and he's using it to send out medical bills. good hands! hospital bill for prime?! gaaaaap! did you just say gap?! he's talking about expenses health insurance doesn't cover. good thing coach prime knows about...say it one time! aflac! because aflac gets you money to help close that gap! now how do we get this goat outta here? (whistles) aflac! meet one of my new homies! gaaaaap! get help with expenses health insurance doesn't cover at aflac.com. elephant would've been scarier. >>> futures looking pretty good here on the back of that tesla upgrade, which we talked about a moment ago. we'll get to some of the other developments, boeing, walmart news. when we also come back, a cross-country edition of am'smada" "uawk on the street" continues. >>> the opening bell is brought to you by nuveen, a leader in income, alternatives, and responsible investing. >>> let's get to our first cross-country "mad dash" of the week. and jim, hostess is gett

look, speaker mccarthy, leader jefferies, they did a really good thing here putting together a bunchmittee to ask good questions. that was a really good bipartisan thing thank you. that's a hell of a hair cut. how much was that seriously? >> with tip. >> 50 bucks. >> that's like a super cuts price. businesses need 5g solutions today. that's why they choose t-mobile for business. mlb partners with t-mobile to not only enhance the fan experience, but to advance how the game is played. aaa relies on t-mobile's network to stay connected nationwide, so they can help get their members back on the road. and we're helping pano ai innovate, to stop the spread of wildfires. now's the time to see what america's largest 5g network can do for your business. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com >>> good morning. inflation take two. after yesterday's

. >>> later, we talk to former richmond fed president jeffery lacker ahead of the policy meeting.eminder, you can get the best of "squawk box." we have that in the daily podcast. apparently katy perry got 2$2.5 what do you see on the horizon? billion. we'll be right back. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. ♪ (captivating music) ♪ (♪♪) the first law of thermodynamics states that energy cannot be created or destroyed. (♪♪) but it can be passed on to the next generation. (♪♪) >>> welcome back to "squawk box. look at equity futures at this hour 47 points higher on the dow. s&p looking to open 9 points higher nasdaq opening 31 points higher. >>> we told you about drew barrymore not starting with her debut for the season and bill maher is fwollowing suit. he said one reason he was going to go ahead with the show is because there

jeffery rosenberg will look at yield here off of the job support.is lineup we got this morning. if you go back through a year, there are single moments where things stop on the show. david kelly is trophy taking this year, a number of months ago, simply said we're going to see negative nonfarm payrolls. dr. kelly joins us this morning. the doctors and place -- the vector is in place. how do you extrapolate the shock of a negative nonfarm payroll statistic? david: it is not going to be today, we do not think, and probably still a few months out, but if you look at decline of jobs, it is been significant. we have gone from 12 million job openings march last year down to 8.5 million now created a number around seven is i think normal for this labor market. as we get to that point, this excess job openings will wear off and labor market will re-represent a lag result of whatever demand we have in the economy. i still think as we get into early next year, the risk of seeing negative payrolls rises and that will change the picture. katie: if we do get tha

j jefferies hardest hid, walmart and others.uy, ulta, american eagle, gap, nordstrom nike and victoria's secret. seemingly almost all of them. anyone who sells something discretionary. a long list. >> courtney, thank you. >>> our next guest says brands such as foot locker, many courtney mentioned, impacted by the resumption of student loan payments in october. joining us now michael zacore author of "the new retail." michael, nice to have you with us. sounds like a big deal and may be but actually a 12-month grace period for folks if they it don't pay student loans before hitting their credit score. how do you assess this immediately? >> with the grace period an immediate impact. hitting fourth quarter here. this is make or break time for every retailer and brand in america. you know, most brands make, retailers, about 70% of yearly in this coming quarter. so timing of this really couldn't be worse. listen, cnbc has been doing a great job of covering this. you know, we've seen a report that 56% of borrowers will be choosing betw

jef jef jeffery dahmer? >> i don't want to see that. >> pier morgan interviewing serial killers.atch him. you are not a fox news? "cops" is on there. bad boys. >> pier morgan. he is in the news corp part of this doing tv for the times of london. you could imagine sticking this back together. >> he is on fox. piers morgan is on fox a lot. he wanted him to take over for tucker at one point sdp. >> news right here. you imagine sticking this together. this is getting bigger. it doesn't seem like the boss' son living in australia will come in and takeover. there was a new york post story today. >> i read it. >> you pointed out to me this morning. >> the dashing young man will be taking over. >> the power behind the genius. >> now stepping in. it sounded like the kendall release. >> the core thing his tenure is known for is he took his eye off the ball and they drifted into the unbelievable plot around the election and mishandled the legal claims and settled for a massive number. >> he is getting farther along. >> a good friend. >> ben, thank you for coming on. >>> when we come back, b

here is what top house democrat had to say, hakeem jeffery.e said this is about a disruption. >> they launched an impeach. that's a kangaroo court fishing expedition and conspiracy theater rolled into one. there is not a shred of evidence that president biden has engaged in wrong-doing. >> why tie yourselves up of the resources and the criticism that's going to come when you know it gets to the senate, it goes nowhere. >> i believe in transparency and good governance is very important for any congress. we know that joe biden started off saying he had no knowledge of hunter biden's business dealings and then the white house quickly shifted their story to say joe biden had no involvement. we know as we continue to uncover the facts that's not the case. joe biden was involved with phone calls and hunter biden's top foreign clients. i believe the biden's family including then vice president joe biden was involved in this. frankly, the question of bribery and high crimes and misdemeanors is important one. it is up to us as congress to make sure tha