congress kinman king, congressm jeffries thank you.hink about impeaching the president. join the conversation. when we come back our sunday group weighs in on the lawsuit and yes, sir, impeachment. >> tr to give money and to show up in this year's elections. weapon have no plans to impeach the president. we have no future plans. listen, it's all a scam started by democrats at the white house. >>> house speaker john boehner says impeachment is off the table but as his party moves forward with lance to sue president obama and we're back now with the panel. kim, has the president overstepped his powers with all of these executive actions? has he violated, in your opinion, the constitution? >> yes, he absolutely has. it comes down to ignoring laws. it comes down making up laws. it also comes down to not enforcing laws that are on the books like immigration laws. and this was a republican view the only way forward is salute. they don't want to go down the impeachment road. i would point out too this is necessary because we're in a new era o

congressman king, congressman jeffries, thank you. what do you think about impeaching the president. join the conversation. when we come back our sunday group weighs in on the lawsuit group weighs in on the lawsuit and, yes, impeachment. did you know a ten-second test group weighs in on the lawsuit and, yes, impeachment. could help your business avoid hours of delay caused by slow internet from the phone company? that's enough time to record a memo. idea for sales giveaway. return a call. sign a contract. pick a tie. take a break with mr. duck. practice up for the business trip. fly to florida. win an award. close a deal. hire an intern. and still have time to spare. go to comcastbusiness.com/ checkyourspeed if we can't offer faster speeds - or save you money - we'll give you $150. comcast business. built for business. >>theye tr to ra thr pele to give >> they are trying to rally their people to give money and show up in the election we have no plans to impeach the president. listen, it is all a scam. it was started by democrats at th

so what do i care for. >> jeffries continues to tour like mad. he figures the comedy store punch-out won't be his last time getting up close and personal with the audience. >> i've probably done anywhere between 2,000 and 3,000 shows in my career, and it's only happened once so statistically not too bad. there's been other comics it's happened to. i'm the only one that's caught it on film. >> the next time you want to check out that comedy show, baseball game or surfing competition, the best and the safest seat in the house might just be right in front of your own tv. i'm contessa brewer. that's all for this edition of "caught on camera." >>> i hit the ground like a meteorite. >> they're pushing the limits. >> nobody knows what happens when you fall from 180 feet. >> climbing higher. speeding faster. >> everybody move. >> and falling further. >> oh, my. >> never turning down a challenge. >> the whole crowd was into it. everyone was egging me on. >> they take on the unknown. >> oh, my god. come on, buddy. >> and disaster is never far away. >> one

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what happens to jeffries? you have to put that over here and get in there and say does this become a gap-type situation? years later, a good retained or ends up in private hands while this is going on? who knows. we know stephanie link hates teen retailers. who knows what she thinks about it now. going forward again, transitional situation. mike jeffries is less a part of the story than he was. >> the conversation in the last couple of weeks. at least the sentiment, herb, has seemed to have turned. right? a stock in a company that couldn't buy an upgrade suddenly getting them. maybe there's been a turnaround in sentiment. maybe things are on the way up. some of the changes that have, you know, needed to be made are being made. maybe this guy doesn't need to be on the list anymore. by the way, herb, before you answer that, we want you to vote on this as well. so logon to cnbc.com and you can still place your votes whether you think he's still the worst ceo. herb, you can answer. i apologize. >> no. by the way,

michael jeffries can do it. you have to get up there and lead.ling: maybe he has to change outfits now that getting rid of anf. he is famous for wearing loud outfits. >> exactly much. jo ling: we're moving on to gap, making curious choice in the fall ad campaign, down playing clothing telling customers to dress normal, whatever that means. "fight club" director david fincher to shoot the commericals. i watched all three, they're beautifully done. what does it mean to dress normal? is normal in fashion or trying to redefine what normal is? >> the gap is never known as a fashion house. the gap is a basics brand. a brand of essentials to go into to get quality essentials at a price and putting celebrities in their campaigns early on they made basics, everybody's basic, right. even celebrities need a white t-shirt. now with david fincher i love these campaigns. i love what they're doing. even the gap has said, it is part of a much larger manifesto what the brand stand for. instead of cyclical fashion, campaigns they're really showing a manifesto, a s

david servos is with jeffries. bring us up-to-date within a synthesis of eurasia group of iraq.e dynamic right now? when you are talking to your colleagues. it is an awful stalemate. you have a group of jihadi's, the so-called islamic state, that controlled certain portions of western iraq, but they're probably not strong enough to take baghdad. part of this larger story that we've seen with the u.s. troops is to protect the kurdish areas, which are in oil-rich part of iraq. at the same time, the iraqi government in baghdad does not have the power to get rid of these guys. >> a week ago, there is a tanker off of houston the cubs baghdad says, no. the kurds have the oil on that .anker that is their oil, not our oil. is this some new geopolitics for iraqi? >> yes. the kurds are trying to protest -- to press their advantage. they believed they could move toward independence. but as the jihadi's have now turned and began to threaten the kurds themselves, they have forced the kurds and the government of baghdad to work together. irbil is not that far away. >> it is not. they have tri

jeffries is downgrading it to a buy. -- jeffries has downgraded it.oil off the coast of australia could be one of the world -- and one of the country's largest oil discoveries in decades. [closing bell] you don't have to hurry. i don't feel constrained by the issues likely opening on the closing bell. i worked on the new york stock exchange for a time. they start work long before the opening bell and they continue long after the closing bell. dollar general plans to pay $7,850 -- $78 and $.50 per share . let's bring in jonathan colin, -- u.s. market strategist. he says consensus estimates are on the rise, making stocks even more appealing right now. is it fair to say you are a raging bull? >> i don't know about a raging bull, but i think we will continue to see stocks do well for the next couple of years. --i saw you when i come it came in this morning, and there was so much concern, so much worry over the 2% pullback that we saw over last week or the week before. everyone says i'm excepting -- expecting a correction. but when it happens, they just fr

jeffries for a minute and a half. the speaker pro tempore: the gentleman is recognized for 90 seconds. mr. jeffries: i thank the distinguished gentlelady from new york for yielding. give me your tired yes or noing to breathe free. those are on the statue of liberty that stands tall in new york harbor. but today, we are here in this chamber doing violence to a model that has served this country well. we have a humanitarian crisis in this country. tens of thousands of unaccompanied children have fled violence in central america and migrated to our southern border. but our response has not been consistent with the notion that america is a country of individuals from all over the world and a compassionate one. lady liberty is crying right now because of the callous response of house republicans. some of the children who have come here may not have a valid, legal basis to remain, but some will. if a child has a credible fear of persecution, if a child was abused, abandoned or neglected by a parent, if a child was victimize

>> busy working on a big deal, and carl icahn tweets a jeffries ceo.he comments -- on herbalife and hertz. why every time carl icahn tweets, anything he is involved in, there you go, the stock is up 3.3%. [closing bell ringing] sometimes the correlations are a little nutty. dierdre: there are the bells. adam: bells ringing loud and clear on wall street. look how stocks are finishing. the dow right now, up 14 points. we'll settle in the green. s&p 500, however, it is looking if we're not going to be above 2,000. the russell 2000, for that matter is down two points. still positive for the year but just barely. aft the bell starts right now. dierdre: here is a break down of today's action. chuck self, i sectors chief investment officer. will tell us why he thinks u.s. equities have room to run. we can't wait to hear. jim bell, schaeffer's's research equity analyst. two picks for you to add to your portfolio. todd horowitz joining us from the pits of the cme. todd, what do you think? after yesterday's 2,000

jeffries starting with a hold and $30 price targets. and a $22 price target. investors are taking notice. that stock is currently down toward session lows. the stock, though, still is more than double since the debut at the end of july. you could say that analysts are chickening out. >> good one, dom, as always. >>> let's get to the trading action. is jeremy, housing, do these reports, today's and yesterday's confirm that some of the concerns about the housing recovery are misplaced? >> yes, i this it does. when you see the housing starts start to more meaningfully pick up, some of the weakness we saw in june was clearly transitory, and particularly related to consumer spending. it certainly suggests the consumer environment is still healthy and consumers are spending on housing-related activities. >> jack, do you make that same connection? and by the way, 8.1% for applications. good forward-looking gains will trickle over into consumer spending? >> we believe so. we'll see more with mortgage applications, but on -- on net, we view this as very positive, very

. >> former ambassador james jeffries said iraq's new government is less likely to fuel the sunni/shia divide that isis feeds on. he suggests that would make military action more effective. there will be more fresh on obama to provide weapons to the forces. germany and italy have announced plans to send weapons to kurdish fighters. the u.s. is nervous about providing heavier weapons given isis has taken them from iraqi troops in the past. >> wendell goler on martha's vineya vineyard, thank you. intelligence analysts are studying the video of the execution closely, looking for any clues that can be used to find those responsible for foley's murder. chief intelligence correspondent catherine herridge has that part of the story. >> the intelligence value of the video includes the identification of the executioner, whether he's a known jihadist tathe fbi, as well as a date and location where the beheading was carried out, as a senior lawmaker explained. >> every little speck of information on the video will be a clue for the intelligence committee, both to verify if it was accurate and tru

jeffries. >> thank you, mr. chair. i thank the ranking member, both for your leadership on this issue. we know that 50 years ago, january of 1964, i believe, president lyndon johnson came to the floor of the house of representatives for a joint session of congress and declared a war on poverty. that war on poverty has largely been successful in helping millions of americans lift themselves out of an impoverished condition and set on a pathway toward the middle class. of course, there's still a long way to go. although it does seem in this town there are some more interested in a war on working families than a war on poverty. but that's something that we're going to ultimately have to overcome as well. in the context of this present hearing, i thought i'd start with ms. reynolds just to kind of explore the perspective that you laid out. i believe, i guess in your experience, you've laid out three broad categories of poverty, is that correct? >> correct. >> and those three categories are chronic, generational and situati

jeffries. >> thank you, mr. chair. i thank the ranking member, both for your leadership on this issue. we know that 50 years ago, january of 1964, i believe, president lyndon johnson came to the floor of the house of representatives for a joint session of congress and declared a war on poverty. that war on poverty has largely been successful in helping millions of americans lift themselves out of an impoverished condition and set on a pathway toward the middle class. of course, there's still a long way to go. although it does seem in this town there are some more interested in a war on working families than a war on poverty. but that's something that we're going to ultimately have to overcome as well. in the context of this present hearing, i thought i'd start with ms. reynolds just to kind of explore the perspective that you laid out. i believe, i guess in your experience, you've laid out three broad categories of poverty, is that correct? >> correct. >> and those three categories are chronic, generational and situati

jeffries analyst is raising earnings estimates but cautious on kors. kors sales far exceed their competitors but many believe the momentum cannot be maintained. competitor coach fall far short of kate spade. there's a lot of movers and things at play. yes, they probably are best in breed. >> what does best in breed mean at this point? if barclays and citi are putting out notes saying during the quarter the square footage devoted to discounted goods doubled in the month of jup, th june, that doesn't say to me best in breed necessarily. >> on a longer-term basis, kors has performed well. i think consumer discretionary is challenged. i think in the case of kors, a lot of the appreciation has been a market share steal from the likes of a coach. and i guess the question that you have now and the question and the reason that i'm not buying it here in the mid-70s is how much more market share can they steal? is there, you know, room? is there further room on the runway for that? >> potentially in europe. and that's what the company says that their brand aware

jeffries. >> thank you, and let me thank the witnesses for their testimony and the work on this important issues. starting with mr. heck, you testified earlier today, i believe appropriately that automatic blanket across the board of collateral consequence is counter productive. in that regard, how would you suggest the committee or the task force look at how the collateral consequences you believe maybe appropriate in certain circumstances are narrowly tailored to fit it severity of crime so we don't broadly sweep individuals into this blanket fashion? >> i do think some collateral consequences if applied across the board are not relevant to that particular case or offender. that is what the law isn't looking at: at the offender not the offense. in ohio, if someone owes child support and they are not paying the child support their drivers' license is suspended. i told the prosecutors we are not going to ask for that and say it should not be done. we are asking the person to pay child support and saying you cannot have a job to pay it. so we have to look at the collateral consequences and

jeffry is back with that. >> reporter: that report, by the nonprofit feeding america, found that roughlyseven people in the country, 46 million people, rely on food banks or other charitable organizations for basic nutrition. they included some 620,000 military households and an increased number of adult college students. food bank clients come from all demographic groups. in suburbs as well as urban areas. and many report facing a choice between buying food and paying for utilities, rent, medicine and other necessities. joining us is deborah flateman, executive director, maryland food bank. she sits on feeding america's board. welcome. >> thank you. >> brown: on a general level first what do we learn on this report about who is hungry in america? >> you know, honestly, from my point of view it verifies what we have been seeing trending over the past few years. i think one of the most significant pieces of data tells us that more than half of the people who are accessing food through the emergency feeding system including food banks an food shelves are people who are working. >> brown: t

i will read you two things -- i will read you about jeffries' first, a young scholar from ohio state university, making the argument about this passage which appears in bloody rounds in alabama, the movements is better characterized as a freedom rights movement rather than a civil rights movement in terms of the question is worth while listening to what one me has to say, the fight for freedom rights, acknowledges the centrality of slavery and emancipation. incorporates the long history of black protests gating back to the daybreak of freedom and the black power era. recognizes the african-american's civil and human rights objectives and captures the universality of these goals. moreover it allows for regional and temporal differentiation, moments of video logical rationalization and periods of social movement formation. i think much of the civil rights establishment didn't take this approach, much more limited approach, fighting against jim crow, or fighting for school desegregation, all worthwhile causes. i think if leadership had embraced this idea yes, we would have had a stronge

piper jeffries named isis among several stocks. it is based in halifax california.weeks. they have heart and nerve and heart tissue. these are some of the things under their umbrella. >> we certainly do. thank you very much. let's get the latest on isis. they are reportedly demanding $6.5 million to release an american who is being held hostage in syria. she has not been identified. a chicago born american has died fighting with isis militants in syria. last hour, we brought on the show colonel ralph peters. listen to what he had to say. >> 300 plus americans. that is literally one in a million. they are not people -- congress to anything, including technology. the most zealous people. stuart: i want to start out by saying you are a brave man. you have been interviewed throughout the media. taking a very pro- america, pro-democracy distinction. thank you very much for being back with us, sir. appreciate it. stuart: what is going on in america? going and fighting for a bunch of ruthless killers. explain it. what is going on? >> it is all about the narrative. we saw t

jeffries coming out saying, look, i do not know if the non-core assets were undervalued in the first place. how much is this spinoff going to create more value for the company? that is one of the questions going forward. expect to see more headlines with management ceo changes. we could wind up seeing more spinoff with big eyes who cannot seem to keep up. >> we will follow it closely. thank you for the update. in a hostile hotspot for the nation, tensions remain high where police crashed again in a group with 50 protesters, firing tear grass -- gasp. -- tear gas. >> i understand the passions and the anger that arised over the death of michael brown. giving into the anger by looting or carrying guns and even attacking the police only serves to raise tensions and chaos. more, -- >> for more, on the phone at the sight of the original protests, thank you for joining us. governor nixon lifted the curfew to ease tension last night. has that made any difference at all? night, it looked like it was. everything was peaceful around 10:00 p.m. protesters. before midnight, before the curfew that

this matters to our guest host, ward mccarthy from jeffries. -- gone far and wide for his detailed study of the economy. yesterday the lack of wage growth. it is the conundrum that janet yellen, economist, and for that matter politicians, face. america has no wage gains as the elite meet to greet in jackson hole. this is front and center, isn't it? >> yes, it is. the average earnings are only rising at about 2% year-over-year. and that is the low range. -- and that is the average. the low range is 1.4% up to 4%. income is at historically low levels. why is that? >> we have gone through a time when we have had a lot of surplus label -- labor and a lot of people unemployed. as a consequence in determining what wages are, it has all been on the employer's side. they have little incentive to raise wages. >> is there a wage maker that thathift that, economist can shift that? >> we have pretty muscular payroll growth. i think we will continue to's see payroll growth. absorbing will be surplus labor faster. >> and for the geeks like you and alan krueg

not yielding the results we hoped for, a quote from jeffries out with a note this morning.on the street," taking it from buy to hold. why are you not encouraged by what management is doing? >> we've had several quarters of heavy investment spending, and that cuffs a lot of different areas of price investment, labor investment and e-commerce investment. and while e-commerce sales have been quite strong, their low margin company, so essentially you're transferring higher margin sales. so the turnaround has taken longer than we had hoped. >> you talk about turning a giant ship like walmart around. and what about the moods to shrink stores instead of the super centers? they found this has been pretty successful. >> it does take time to turn around for sure. in terms of the small formats that you mentioned, i think strategically they need to address that market. the dollar stores have eaten into their share. walmart is going after that. accelerated the growth. return on the investment in the smaller are formats is actually lower than their super centers in the early years of mat

jeffries from new york you are recognized for five minutes. >> thank you mr.air and i thank the distinguished panel before us. that is consistent of course with the constitutional landscape and the fact that prevention of crime wasn't necessary and enumerating the power given to congress that was left to the state into the amendment. the majority of individuals who are incarcerated in this country right now are in the state system is that correct? >> above 217,000 on the federal law of prisons. >> the state experience is a relative indicator of what could potentially happen if the criminal justice reform occurs the correct? >> that is correct in the qualification. it is one that i would build on the experience as well as my own as an assistant attorney. the federal prison population is not like the state prison population. the state's turned over to the fed to talk about the broad range facilities and the kind of people that you find in the federal prisons are the ones that the state didn't have the toughness or the resources or the sentencing system to deal w

and netflix' in-house money man jim jeffries joining us to talk about the future of comedy on demand.awk alley" starts then. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. from safety, to fuel economy, to quality, today's chevrolet has it all. and it's a good time to see for yourself. this labor day, check out great lease offers on chevy's award-winning, fuel efficient lineup. just announced, get additional $500 bonus to lease this 2014 chevy malibu lt for around $189 per month. find new roads at your local chevy dealer. >>> welcome back to "squawk on the street." in our apparel maker taking a hit. cutting its full year guidans after posting weaker than expected second quarter profits. those results dragged down by its hat retailer lids. stock currently down 7%

pastor robert jeffries weighed in earlier on "fox & friends." >> al sharpton is prostituting pastoraly using the unrest in ferguson to further his own agenda. those of us who are pastored, we have a responsibility to speak words that bring healing, not division. >> sharpton insisted that today's protest will be peaceful. a routine traffic stop turns into a fight, one that an officer had to fight for his life, as a georgia man opens fire, nearly killing him. [gunfire] >> this newly released dash cam footage shows police officer david freeman as a jumps from the truck and firing a dozen shot. >> he was hit seven times but managed to stand up and call for help. the freeman has since recovered and returned to the force. >> it was a ride of terror at a michigan community fair. an 8-year-old boy and 16-year-old sister fall 15 feet from a ferris"f)6 whee. the teenage girl was on crutches and stored one of them at her feet during the ride but one of them got caught in a bar causing the car to dump the siblings out. they were not seriously hurt. the ferris real was expected. and reopened. >>