[applause] professor jeffries: so, let's just let that wash over us. [laughter] professor jeffries: that the very function of erasure is to deny the humanity of black folks. one of the critical functions of black museums is to affirm the humanity of black folks. and it does that in powerful ways. but beyond affirmation, i think some of the most powerful work that black museums can do, or have done, over the years is to sort of preserve and put forward a way of challenging white supremacy beyond merely sort of documentation. i mean, do you see that as one of the primary functions as well? dr. kendi: without a doubt. and i think that's one of the reasons why these spaces have been historically under attack by those people who want to maintain white supremacy. so it is not just the preservation of a people. it is the fundamental, intellectual sort of pool that would allow those people to jump out of the pool and challenge to sustain themselves. certainly, i think museums have played that it role and will continue to play that role, which is probably why i

[applause] professor jeffries: so how do we deal with that issue? dr. kendi: thinking about it historically, we first have to sort of understand -- let's take black people. tock people that love there be a colorblind, post-racial society, would love for an america where racism more race did not matter. and then, for one set of reasons, and then you have other groups of people, including white people, who would love for a different set of reasons. ce of, you have a popula people who fundamentally desire for that to be the case. secondly, when you think about the contrast, we understand the racist and not racist. in other words, the president has said he is the least racist person you have ever met, the least racist person you have ever interviewed, you have ever known. whenever somebody who is charged with being racist, their .esponse is, i'm not racist what they are fundamentally doing is creating a construction of not racism. and apparently there is a philosophy of not-racism, there is a history of not-racism, because so many people identify as not rac

jeffries. of those were the educational directors, what are you specifically doing to screen for dyslexia? what aged you begin to screen? after having screened, what is your approach to address the issue? >> thank you. we just had a very thorough discussion with our legislature on something we are calling the nebraska reading improvement act and implementing some assessments. kindergarten through second grade and its other great. looking at what gaps there are in assessing a student's ability to read, addressing dyslexia among other things, making sure that we have a fairly sweeping opportunity to analyze where every student is in working with school district that do that. >> are you screening? testsre are different that we're looking at, some that we are having to recommend across the state. we will have a set of recommended assessments. >> this is a work in progress? >> it is. >> if someone screens positively, what is done? , there wouldation be appropriate strategies put in place >> -- >> it

jeffries. you know, the title for a block grant allows schools to provide mental health services as a way -- as a use of those tla dollars. can you tell how that works and the need for mental health services in schools and our efforts to address inhe cequitin our educational system. >> thank you, senator. in particular in our title i schools, we have people who bring the trauma in with them througho throughout. >> we have kids who see images. our schools are just not equipped to meet those challenges. >> and often these are treated as discipline challenges rather than health challenges. . this is a critical issue, and very frankly, we need more dollars to help with this issue. >> would anyone else like to say anything? >> you're right on target. i hear the same thing from principals who say we need help in mental health issues. we have set a goal in south carolina. currently we have no help counselors in about half of our fi districts. we're putting schools in boxing classes so they're equipped

to round out jeffries' suggestions, santander consumer and amjet.g stocks underperformance versus growth is one that's poised to flip jeffries says thanks to technicals, a rising interest rate environment and the potential for a better-than-expected earnings season. >> they've been waiting for that transition for a long time thank you, leslie. leslie picker. >>> amazon is on pace for what would be its worst day since january of 2016 and that drop is putting a nasdaq on pace for its worst month since the financial crisis by the way, it would be the fourth straight week of losses but should investors be selling into this selloff? joining us at post 9, "new york times" columnist jim stewart it's been a while since we've just talked markets. >> and this is a great time to do it because my phone has been ringing off the hook with people saying should i sell i mean, no one has asked me should i buy which is really the right question my rule of thumb is -- and particularly for people who are -- tend to get panicky at moments like this -- never sell on a do

shavar jeffries, president of education reform now, welcome. mr. jeffries' commitment to improve education stems directly from his personal experience. he was raised by his grandmother in the south ward of newark, new jersey. his grandmother, a public school teacher, instilled in him a deep respect for the value of education. he served as a former associate professor of law at seton hall law school center for social justi justice. at newark, new jersey. our final witness is miss molly spearman, state superintendent of south carolina. she was named south carolina state superintendent of education in january 2015. since that time she's worked to prioritize school safety and instruction to ensure that every child is on track to college or professional career. prior to her time as superintendent, miss spearman served as music teacher and fourth term member of the house of representatives and deputy superintendent of the south carolina department of education and executive director of the south carolina association of school administrators. we thank the

professor jeffries: please join me in thanking dr. kendi for his work as a whole. [applause] >> thank you so much, dr. kendi. we appreciated your words, your wisdom. i want to offer you on behalf of the board of directors, on behalf of the board of the membership of the association of african american museums. we want to offer you this token of appreciation. thank you very much. [applause] [captions copyright national cable satellite corp. 2018] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] interested in american history tv echo visit our website, cease echo visittory tv our website -- history tv? visit our website, c-span.org /history. h week, american artifacts takes viewers into archives, museums and historic sites around the country. we visit the baseball america in washington dc. -- to the to the cap library of congress be it on. her of the u.s. exhibition -- i am americana carried her of the u.s. exhibition baseball americana. let's start with some of the earliest. we a

david owen chief european economist from jeffries.eign exchange markets are doing i talked about the strong employment numbers out of the uk a balance in cable euro/dollar is 1.15. that is the picture. dollar is trading on the backfoot this morning. switching to european markets, much more positive picture for the european indices than in the last couple of sessions. ftse mib surprisingly strong today. the budget has been confirmed. spending plans and revenue plans are at 2.4% for next year. italian equities up this morning. xetra dax is firmer as well. the underperformer is ftse 100 i would point that back to the strength in the pound given the export sensitive nature of the ftse let's take a look at u.s. futures as well. it looks as if we're seeing a firmer picture for u.s. main indices. dow seen opening up 25 points higher nasdaq 28 points higher after a weak session in the trading yesterday. we are very much in the midst of earnings season. all right. so we are just getting some flashes out of eu as well. i was talking about some

and congress member hakeem jeffries joins us from new york. thank you for being here at a difficult time. >> thanks for having me. >> your view of how the president is conducting himself, and what is the nature of the threat as you see it in these attacks. >> well, it's a serious attack that's targeted two senior presidents, high ranking government officials and public figures who have been very critical of the president. that's a very troubling pattern that suggests there was provocation based on the politics of the moment we're in. words matter, leadership is important. it starts at the top, and the president has chosen to respond to the chaos, crisis and confusion of the moment by basically showing depraved indifference to human life. and that's been shameful and shocking. and the only way for the american people to respond through their goodness is going to be through the power of the ballot that has been given to us by our founding fathers to show that this is not okay, that we are better than this and to impose a check and balance on thi

jeffries slashing the price targets. the stock down 8%. up eight .5%. -- 8.5%. in operating profit before provisioning, so that is one key thing to watch. to get to the korean government it, plunging 12.5%. missing the lowest estimates, concerns about spending by chinese shoppers. the border checks from a lot of the use chinese shoppers, bringing cosmetics back home for resale. that is certainly going to be a big headwind for some of these luxury stocks out here. manus. in.s: bringing them back the latest on the markets. and that takes us to our question of the day from the mliv team. how much further does wall street need to fall before it can be called an unhealthy correction? with saxo bank and you're talking about matt, probably another 5% lower and the fed might begin to pay a little bit of attention. first word news. debra mao is standing by. manus, bolsonaro has won the election, marking a hard to the right in latin america has economy -- much of america's biggest economy, promising to open up the resource rich economy to private investment. the u.s. ande

james jeffries stated the u.s. will not tolerate, quote, an attack, feared you, and th -- p and any offense is an escalation, so considering the fact that, mr. karem, you've not noted many times that our troops are under military operation and that's after al qaeda attacked us on 9/11 and that we're supposed to be at war with al qaeda, my question is how is it that rather than going after al qaeda and defeated al qaeda, the united states is acting against the tletzs. how is this not a complete kick in the face to all of the victims o 9/11, the troops, their families, everyone who has lost so much? >> i would strongly object to protecting isis in idlib. >> how can you say that if you follow this path and trail in reality that troops are in control of idlib today and our government has threatened any of these other countries ho have talked about attacking these terrorist groups in idlib? >> we'll be happy to talk about some of this in closed session. >> do you dispute those numbers that general dumford has said? he w

joining me now is congressman hakeem jeffries of new york.. >> thank you, don. >> what does this say about the closing arguments to the president? >> well, i think these are desperate acts from a desperate man who's part of a desperate political party that understands they're on the verge of being rebuked by the american people, will likely lose the house of representatives, will lose several governorships across the country, and have failed to persuade the american people that total control of government by the republican party over the last two years with the presidency, the house, or the senate has made their life better. in fact, there are many americans, particularly throughout suburban communities in the battleground districts that are playing themselves out and the race for control of the house who have concluded that our future is uncertain because all of chaos, crisis and confusion that the trump administration and their wholly owned subsidiaries in the house and the senate on the republican side of the aisle have visited upon the am

i've named a team spearheading our effort of jim jeffries. many of you know him. nobody understands the web of legal interest and political complexities like he does. iraq consists of much of his storied career. i've asked brian hook to lead our inaction group. we are putting pressure against the islamic pressure of iran. we are asking them to fund its nuclear programs and line its own pockets with money that should be given to the iranian people. the state department's diplomacy ifrts is one part of our effort all across this administration. underlying this approach is president trump's unwavering belief that israel, like all nations, has the right to defend its own sovereignty. [ applause ] >> that means we'll continue to stand up for the right of continuing to target iranian-backed syria for as long as that remains. i want to take time for questions so let me close with one last thought. israel is everything we want the entire middle east to look for going forward. it is democratic and prosperous, it desires peace and is home to a free press in a thriving econo

james jeffries stated the u.s. will not tolerate an attack, period and any offensive is to us objectionable of the reckless escalation. considering the fact that you have noted many times just in this hearing that our troops are in syria operating under the authorization to use military force that was passed after al qaeda attacked us on 9/11 and that we are supposed to be at war with al qaeda, my question is, how is it the national security of the united states that rather than going after them and defeating them, the united states is making these threats and essentially acting as the protectors of al qaeda in syria and these other groups? how is this not a complete kick in the face and insult to the american people, all of those lives who are lost on 9/11, first responders, troops, families, everyone who has sacrificed so much. >> i would strongly dispute the notion that we are protecting al qaeda, that we are protecting it in any fashion. >> how can you dispute this one all indications if you follow this path an

. >>> meanwhile, apple was given a buy rating in new coverage over at jeffries.he s analyst theres that apple can build a massive services operation from its core iphone business. price target now $265. that stock fell more than 1% to 212.24. >>> ralph lauren was rated a buy in new coverage at deu bank. the analyst says the apparel maker is, in his view, of the early stages of a brand turn-around. price target, $149. that stock rose more than 2% today to 130.88. >>> still ahead, china's bridge er troubled waters. ♪ ♪ >>> the commercdepartment will strict american companies from selling goods to a chinese state-owned chip maker. e government cites national security grounds. the move is a blow to the chinese company,hich relies o u.s. technology for production and which micron technologies accusedinf ste its intellectual property. >>> a common theme this quarter has been trade. and according to cnbc, 35% of the conference calls that took lace through last friday mentioned tariffs. 45 companies, including costco, saidson and the tariffs were having some negative imp

i'm jim jeffries. i think we can all do better, good night. [patriotic music] - from comedy central's world news headquarters in new york, "the daily show with trevor noah" presents... [upbeat music] big little allies. [peppy accordion music] - french president emmanuel macron has arrived in america for the first state visit hosted by president trump. - while other leaders seem to clash with trump, macron was the belle to trump's beast. - macron has been dubbed "the trump whisperer" by some because of their close diplomatic relationship. - macron says he and trump have a special relationship. - mr. president, they're all saying what a great relationship we have, and they're actually correct. it's not fake news. finally it's not fake news. - look how excited little donnie is, man. doesn't--doesn't he look like he just invited his best friend over for a sleepover? it's actually cute. yeah. it really is. they might even play truth or dare. it would be like, "okay, my turn. dare me to sleep with your wife." "uh, how about we do truth instead?" "ok

jeffries keeping face as manufacturing on the model 3 steadily improving, saying the battery businessrning favorable for panasonic when it comes to tesla. : the other companies to keep an i on, -- pulling up other companies to keep an eye on, monster with its first offering -- madza with its first offering for 2020. nissan revamping in light of the nasa deal. nissan saw a drop of 12%, much better than the 20% slump. we saw hond with steeper declines. shery: let's dig deeper on those u.s. auto sales. most u.s. automakers posted lower sales in september. it was a particularly tough month for ford. analysts say ford is going with aging suvs, counseled by f -- outsold by fiat chrysler. bmw sales rose 1.3% with its suv. bmw saying it is coming under increased pressure from tesla's production, with its five series sedans on target for the electric carmaker. haidi: bmw saying it is fiercely competitive in that space, that tesla has been ramping up. they are pleased to say they are in that segment. isaking of tesla elon musk issuing somewhat of a warcry to staff. that may have helped the comp

jpmorgan's leading come along with jeffries and credit suisse.r, they will haelp the liftny -- help the company a price around $25 billion. that is up about $10 billion from the $15.1 billion valuation the company has already raised on the private market. next year, it will certainly be year for ridesharing and the united states as two of the largest companies in the space battle it out for public market capital. from theric newcomer big news in san francisco. david: let's get a check of the latest business flash headlines. stronger than expected rise in profits and high margins. net income of just under $560 million usd. the fastest pace in two years. after hoursslumped after having missed in the last quarter. revenue fell 2% in september. 10%.ue for the cloud up results and a shortlist streak of sales gains cast doubt on plans to boost growth. david: morgan stanley is the clear winner in the big banks rate, posting its biggest share rally since february last year. etf and sales beating estimates, sending the stock almost 6% up. but the ceo says

jp morgan chase, nomura and jeffries.ee the difference between the rrr and the lending rate. you are also seeing some more optimistic calls that this could be the bottom. from hsbc.ing that i will speak to the ubs analyst and he says it is ok because you are seeing international investors having more access to the chinese market. joe: talk about the slow down. my favorite story of the day. people arriving at the office of a chinese property developer and someone posted a video on twitter of people that own condos and the remaining ones were sold at a discount. -- those owned condos are now worth less. you see people showing up at the office and they are smashing windows. this is a way bigger deal than the stock market in the sense that where people invest. mistaken,if i am not there were also protests in shanghai. this is important. the chinese market and the economy has been fueled in part by this property boom. and the property sector was one bright spot despite all of the other challenges happening in the financial mar

discuss that and much more, a democratic member of the house judiciary committee, congressman hakeem jeffriesthanks for coming in. >> thanks for having me on. >> what's your reaction to the reporting from the "wall street journal" this morning that president trump has more direct involvement in trying to keep stormy daniels quiet, trying to keep stormy daniels from doing interviews with the media, even in february? >> well, it's not a surprise because this president has not hesitated in misrepresenting facts to the american people consistently. his team has regularly done that. alternate facts, of course, and other ways of communicating. giuliani has communicated, which belie the truth. this is par for the course as it relates to what we have seen from the trump administration. again, it's the reason why we need to insure that bob mueller conducts a full, fair, and comprehensive investigation, gets to the bottom of this whole sordid affair connected to the 2016 election, so that we can determine whether the cloud of illegitimacy that is hanging over 1600 pennsylvania avenue can be wiped away

only about a third of patients are helped by the first medicine they try jeffries estimates alkermes 15% on a favorable vote on thursday jeffries sees a downside of 10% on a negative outcome. for sage the expectations are street forward flavor of approval based on clinical trial results any concerns about safety could knock the stock. the safest drug would be the first approved for post-partum depression quite a week ahead for depression drugs >> can this same compound be used to treat other depressive disorders besides post partum? >> there is another one that is very similar to it called sage 217 which is a oral formulation that they're testing in broader forms of depression, as well folks are very excited about that, as well. >>> coming up, the u.s. economy may be humming along, but could this be as good as it gets the trump administration says the best is yet to come. who's right? we'll tell you, next >>> the cnbc trend tracker data board is brought to you by the cme group. >>> let's get a check on the markets right now. we have seen them move lower in just the last half hour or

joining us with what it means for the stock, jeffries analyst brent phil i asked dave clark how muchthis going to cost amazon, he said we're going to talk about that in our earnings call, but it suggests to me maybe it's not material or wouldn't they have to tell us up front? >> we think it is a modest impact, don't think it will have a material impact on the bottom line amazon has so many initiatives we think it is a great move. amazon is cheering this move other retailers are crying over this we think the pros will outweigh the cons, you'll reallocate resources from issues that amazon is going against to fuel this this is obviously very critical in the holiday season. the second point is the other retailers don't have high margin businesses like aws and subscription business. in two years, these businesses will drive value on revenue and strong margins that other retailers do not have. so they have this other engine of growth and profitability offset moves bottom line, we think it can have an impact on the bottom line can have 30% growth and amazon delivering, continue to believe t

ubs is saying they have the confidence to make that bhp purchase in all cash jeffries is positive onng the down street beat was 25%. bernstein likes this one, they have an outperform on the stock. >> steve, as you said, the update from the cfo he gave you on the deal for bhp, and you look at the strong cash flow and the dividend yield of bp, compared to the likes of chevron and exxon, it's almost a 50% dividend yield european oil majors valuation difference and yield difference is significant this was the big battle at royal dutch shell and total, convince people these dividends were long-term. 10 cents a share was the u.s. dividend for a long time they have kept the dividend in the third quarter. interesting what happens on that front. for a long time the ceos were trying to convince sharerholder the dividend would stick >> and looking at political risk and investors minds, has it peaked or can it get worse >> i think it can get worse. spain, there's all kinds of issues with the catalans merkel is in a strange position, she thinks she can be chancellor and not leader of the cdu. she

eli lilly, jeffries all to the upside, liz. liz: thank you very much, deirdre. pretty exciting day, deirdre. people watched rising yields and raising rates with bated breath because they do affect equities as we saw today. 10-year treasury bills seven-year high, 3.19%. it was higher at 3.92 earlier. if you're looking to protect yourself, our next guest has a single asset he says will put a hard top over your investments, convertible, get it, hard-top convertible? dan veru, palisades management, due to fixed income, andy brenner. good to see you all. andy, quickly start with you because why did we see yields jump as high as they did over the past 48 hours? >> liz, a lot of thing, we've been holding, 3.8 level in 10-year and level in bonds. we finally broke yesterday. the some say it was the strong purchasing managers report. amazon tampa bay devil raying to $15 that will eventually help wages, helping wage inflation. basically we get up the ghost. now we're off to much higher rates. i think it will be a problem for a lot of the markets. liz: dan is just looking a

army brigadier general jeffry smiley suffereded a gunst wound.t ryan brown joins me on the phone with more on this. ryan, police is pretty significant. >> that's right, fredricka. the nato-led coalition in afghanistan initially said a u.s. service member was wounded in this insider attack which also killed several senior afghan officials. now, this was a very high-profile meeting taking place in kandahar and had actually the commander of all u.s. and nato forces in afghanistan was present at this meeting and the attack took place shortly thereafter. we're now being told that one service member who was wounded in the attack was, in fact, brigadier general jeffrey smiley. a fairly senior commander overseeing the advisory commission in southern afghanistan. he is still in command, we're being told. so he is recovering and is being treated, but definitely a significant senior member of the coalition to suffer that wound. >> and so this is the same incident where general scott miller, the head of the u.s. and nato forces, drew his firearm during an at

jeffry, the president has apparently seized right now on this caravan of migrants from honduras movingted states, and he's making all sorts of dire threats to mexico and honduras and el salvador, other countries in the region saying if you let these people go through all u.s. financial assistance to your countries is going to stop. >> it's a question of who are you going to punish and what are you punishing them for? niece are desperate poor people who are traveling to try to find economic opportunity and, you know, it's a terrible situation. i don't know how punishing the government of honduras is going to make this situation any better. you know, poor people go where they think they can improve their lives, and that's what happens, and -- and, you know, did i i don't see how that solution of punishing these governments is going to make the situation any better, but it is a very difficult situation. >> and it's a big issue coming up in the next two and a half weeks in the election. >> it is, and it's an issue that very much motivates the republican base and the other thing i want to a

. >> jeffry, i want you to weigh in on this. i've got to take a quick back.ome back we'll continue this conversation. our viewers are interested to hear what both of you have to say as well. we'll be right back. every tv doctor knows nothing's more important than a good bedside manner. i don't know how to say this. it's okay, doc. give it to me straight. no, you don't understand, i don't know how to say this. i'm just a tv doctor. they also know you should get your annual check-up. it could save your life. schedule a check-up with your doctor, know your four health numbers, and start taking control of your health today. cigna. together, all the way. jushis local miracle ear t at helped andrew hear more of the joy in her voice. just one hearing test is all it took for him to hear more of her laugh... and less of the background noise around him. for helen, just one visit to her local miracle-ear is all it took to learn how she can share more moments with her daughter. just one free hearing test could help you hear more... laughter...music...life... call now for

. >> we passed legislation to do the sponsored by my colleague hakeem jeffries from brooklyn.legislation is intended to reform the criminal justice system and sentencing provisions allowing people on good behavior in prison to have a better opportunity to come out in late productive lives. one of the keys here is again treatment of opioid addiction. interstate is in population suffer from drug addictions, chemical dependencies also suffer from mental health problems and i have supported again bipartisan. you don't read about it a lot because it's not controversial and it's not people treating with each other and fighting each other. with greatly increased funding for research on things like cancer and alzheimer's comment better. there's a lot of bipartisan cooperation in this regard. we need to do more in terms of criminal justice reform and i would certainly be open to it. weaver to pass legislation that regard. >> 60% of folks in the state of new york are in prison right now and have not been found guilty of anything. too many folks are being locked up and held in prison des

this next one is after an upgrade from jeffries.ny has seen weakness, sentiment has gone too far. organic revenue will need to improve at the company. shares moving up 1.3%. 10% on thepps gains year after the company said it sees a higher full-year forecast, though it thinks the weaken, it isill concentrating on cost and margins, giving investors positive sentiment this morning. anna: dani burger with the mid-cap movers. in italy, really important story for us. italian in saw falling for us today after a report the government will cut its budget deficit targets. the ruling populace agreed to a shortfall of 2.2% in 2020. that is down from a planned 2.4%. joining us, the managing director and deputy director of research at two mayo intelligence. let's talk about italy and that your thoughts on the u.k.. that is another political stories you have thoughts on. let's discuss what is going on in italy. are you optimistic or pessimistic, described for us where you think the story goes next? >> this is the new normal of the political conver

to jeffries slashing the price target by more than 70%. 60%, excuse me.to sales will hurt its vehicles business. we mentioned the tech sector here today. take a look at tencent, down 2.8%. we talked about more government regulation when it comes to these gaining approvals. we are seeing tencent, according to some reports, they might be adding some time limits for gamers in beijing. tencent trying to curry some favor with the government. nejra: thank you. tech.not get away from after-hours earnings from amazon and also that pushing u.s. futures lower, nasdaq futures lower, by more than 1%. bloomberg first word news with debra mao in hong kong. hey. debra: brexit talks are said to be on hold because theresa may's cabinet is not close enough to agreeing on a way forward. according to a source, no new plan is likely to be put forward by the british side before next monday's annual u.k. budget statement. meanwhile, a report by the national institute of economic and social resource says a brexit would shave off growth next year. the trade accord that keeps most

we were talking about hsbc jeffries and morgan stanley slashing stock prices ,,.>> the -- after the thirdis up about .6%. everyone is waiting to see if they can deliver on positive jobs. that was when the market was good, what does that mean for this? >> that will be key, naturally. that's it for bloomberg markets. "daybreak middle east" is next. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. announcer: the following is a paid advertisement for an authentic grill taste and no smoke.

change was seen to the forecast but up and down, we are seeing the cost segment forecast according to jeffriesressure, take a look at what is going on with ntt docomo. and it is a jury morning for japanese telcos, this after docomo spoke of plans to cut mobile plants by 20% to 40% during the first quarter of 2019. the mobilephone carrier spoke of plans to share buybacks and that is doing little to ease concerns over weakening profit. this as docomo cut its four-year net income and along with japanese telcos, you do have softbank under pressure, sprint beat in second-quarter results and there might be a merger underway between sprint and t-mobile, not really helping that stock avoid the selloff in japanese telcos this morning. paul: for more on kokomo which is off more than leavened percent, let's get to sophie jackman. shareholders are not so happy. what is going on? that theocomo said plan to cut 20% to 40%, rates to hundred billion yen of profits to customers. , it that kind in the -- cut will take them till fiscal 2023 to get operating profits where they were in the previous fiscal year. it

this one from comedian jim jeffries. you up? >> of course. >> kendis liked that one.as this one, i forgot my twitter login. i'm just going to use this from now on. wouldn't that be exciting? >> there were pretty hilarious ones. i did not get it. >> i thought i got a pop-up alert. >> did you? >> you didn't get anything? >> i didn't get anything. >> don't worry, in the case of an emergency, i'll text you. i'll forward you the president's text. don't worry, ken, i got you. just run. ould ps a warning -- you w i will text you. >>> perhaps a warning should go out about this next story. we're talking about the price of one, one bottle of whisky just sold in scotland. >> 60-year-old bottle of single malt went for $1.1 million. it's described as one of the rarest and most desirable one of only 24 bottles ever produced. >> it better be the rarest and the most desirable for a million bucks. >> i agree with you. >> the identity of the private buyer has not yet been revealed. everyone will be calling him for drinks, but a spokesperson for the auction house says the person was fro

apple, jeffries initiates a buy. 40% of growth profit and say services alone at that point would be worthyeah. >> it is sort of a consensus call right now but it is aggressive in terms of where it could get to and the multiples that the market would put on it. apple and microsoft has been holding the market together. and so i think you get a little bit of a bump in apple that's not one of the beaten down ones and analysts coming in and say you got the buy it >> that report highlights china as the clear risk to the call. such an important growth of the area apple and a sign of a slow down and trade war. that's a biggie for earnings though the option market is implying a huge move of apple and facebook. can apple save the tech trade or the market there are fewer saviors in this season >> what we are seeing is no. the rest of the market has sags. i don't think it is about one company. it is more about investors just deciding to stop looking on the negative by the way, the stocks have been hammered down so much into this following week of heavy earnings report that you may have a little more

google is the one that we like and we'll be buying here >> brent hill is with jeffries >> is this firstl t new normal the technical take is next "power lunch" is back in two help you with rstn jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade anything worth pursuing hard work and a plan. at baird, we approach your wealth management strategy the same way to create a financial plan built to last from generation to generation. we'll listen. we'll talk. we'll plan. baird. because when you want to create an entirely new feeling, the difference between excellence and mastery, is all the difference in the world. introducing the all-new lexus es. a product of mastery. experience amazing at your lexus dealer. a product of mastery. at&t pro

joining us now is aerospace and defense analyst at jeffries.it's a busy day for you. boeing has been pretty spectacular mover this morning again, really lifting markets up overall. there's a lot to dig through here what did you find? what's most important? >> the company's raising revenue guidance by about a billion. that's half according to defense. half what service is what really surprised us to the upside is commercial aerospace marg margin despite some issues with the 737 and ramping to 52 a month, the company came through and delivered on that business >> that guidance is a key number were there concerns that that was going to be under pressure why did we see the big selloff yesterday after we heard from caterpillar and others >> i think just trepidation around tariffs and impact of china, general macro fears hit boeing probably yesterday. the volumes had trouble on the 737 but the profit delivered i think that was the key here. they maintained their delivery guidance >> what will you be listening for on the earnings call because obviousl

lionel jeffries had written the screenplay at the suggestion of his daughter, in fact.t particular story touched such a nerve with so many people and children in particular, i suppose? idled don't honestly know. it is very sentimental, it is a very warm—hearted thing. there is a lot of laughs and it is well and a bit of laughs and it is well and a bit of danger with the train in a landslide in all the rest of it. a lot of things are going for it. you connected, i think it is fair to say, with young audiences. i remember watching you reading jackanory and so on. that's a very special talent, isn't it? to read stories to children and make them engaged. i always had a thing which idid engaged. i always had a thing which i did which was to look into the lions and isolate in my mind one child, not think about them all over the child, but just child, not think about them all over the child, butjust say do you know what happened on the 14th? i will tell you. i knew literallyjust pull them in with one hand and you work it out with the camera that's just a little bit closer, you