jerome creel, thank you. — of the solution. jerome creel, thank you. we _ of the solution., thank you, we will keep i of the solution. jerome creel, thank you, we will keep a i of the solution. jerome creel, l thank you, we will keep a close eye is today progresses. budget day in france. over here in the uk, the chancellor rachel reeves will be delivering her budget later this month. and today a warning from the influential think tank the institute for fiscal studies that she will need to come up with billions of pounds more to meet the government's pre—election promises. the government has promised no return to "austerity" for public services and a boost to government investment, designed to kickstart growth. but to honour those commitments the chancellor must come up with £16 billion more on top of £9 billion tax rises set out in the labour manifesto, according to calculations from the ifs. let's speak now to the independent markets analyst craig erlam. hello to you. it doesn't surprise me that we are hearing from the institute for fiscal studies that she is going to have

chair jerome -- fed chair jerome powell says he is in no hurry to cut rates, but the u.s.nomy is on solid footing. meantime, here are some of the top stories we are following. tech focused publication. the information reports softbank's and vision fund is planning to invest $500 million in openai. this is part of a larger funding that would submit openai's place as one of the world's most valuable startups. bloomberg previously reported that openai is in talks to raise 6.5 billion dollars from investors at a valuation of 150 billion. qatar airways plans to take a 25% stake in australia's virgin airlines. the gulf carrier plans to acquire the minority state from virgin australia owner once regulators give approval. australia's government last year denies qatar's bid for more flights into sydney. they are trying to challenge australia's dominant market player qantas. and satellite providers directv and dish have agreed to merge in a deal that will create the biggest pay-tv provider in the u.s. directv will acquire dish tv and sling tv from echostar for just a dollar, but wil

we economists from what jerome powell had to say?— economists from what jerome powell had to say? powell had to say? we have to remember that _ powell had to say? we have to remember that only _ powell had to say? we have to remember that only a - powell had to say? we have to remember that only a few- powell had to say? we have to l remember that only a few weeks ago the federal reserve cut interest rates by a huge 50 basis points, and there has been circulation in the market that they might do that again, so maybe another 50 basis points potentially in november when it is their next meeting. but what we had yesterday from jerome powell was indication they will properly stick to 25 basis points, a quarter of 1% rather than half of 1%, and he said the central method is they will go perhaps twice more this year. so again in december by another 25 basis points. the markets had to downplay the expectations of how much easing will get between now and the end of the yearjust will get between now and the end of the year just to will get between now and the end of the yearjust to touch,

jerome powell not in a

he is not a fan of jerome powell.t won't be him. >> he may change that. jerome powell is do what he wants. trump has people who don't like him and he doesn't like them and they say something nice about him. and they are back. neil: the market is racing, we are at a ball market you were telling me during the break and you see that going on a while longer. >> the way the fed is reacting, he signaling we will have lowering of interest rates. a lot of cash on the sideline means we could anticipate it going into the market but driven by what jerome powell was saying. neil: not long ago we were going to see another half point cut. that has whittled down to a quarter point cut and no cut at all. i don't know where you stand but how would markets react to know cut at all? >> it depends on where they think they will go. there is no doubt we've started a cycle where rates are going to be cut, doesn't mean it will be every month but a year from now i anticipate interest rates much lower than where they are. neil: in the 3 someth

that's after fed minutes reveal jerome powell faced some pushback on last month's jumbo cuts. european futures higher by .1% after the record gains on wall street. the smp notching a 44th record of the year. yes, our focus shifts to the inflation print. cpi print out of the u.s. later. arguably less important potentially than it has been in previous months. given the fomc officials are leaning more to the labor market in terms of how they way up there for the response. we continue to pass the minutes and see how that reflects in terms of the pricing. markets pricing in fewer than two cuts by the end of the air from the fed. ftse 100 futures pointing to gains. s&p futures currently flat. nasdaq futures, after strength that came through from some of the tech names in the u.s. on wall street. currently holding about the 20,000 level but flat in terms of the futures as we lead up to the open later in the u.s. we look at a 10 year with a yield of around 4%. the dollar has been strong. 407 right now on the benchmark. euro-dollar at 109. rent, $77 a barrel. up. we continue to keep an

he didn't really seem to answer whether or not he is in favor of having jerome powell removed, but he did say that he believes that the president should have the ability to say where they think interest rates should be. of course, that's something that economists are not in favor of. they say it's very important for the fed to be independent yeah, he accused powell of dropping rates too far when he was at risk of being terminated. it's seemingly implying that he was trying to curry favor with trump. let's go to former defense secretary terry mark esper secretary. thanks so much for sharing part of your afternoon with us. what did you think of what you just heard from donald trump? because aside from the economic questions, he talked a lot about foreign policy months, few minutes of it. it was a very honest conversation, i think trump was being trump be speaking to the issues i thought the moderator was doing a good job in terms of pressing him on a specific questions he was asking and then trying to to argue the counterpoint, particularly when it came tariffs and the inflationary effe

jerome powell told us that we do not seek more welcome further cooling test seek or welcome -- we do seek or welcome further cooling in the labor market. saying the fed will be there to protect our labor market and that's their main focus. he went on to say a few weeks ago that the unemployment rate is the single most important one probably when it comes to the direction of fed policy. let's take a look at the chart of the unplugged rate recently density unemployment rate -- let's take a look at the chart of the unemployment rate. citi actually think the unemployment rate, there is risks it could arise not just to 4.3% but 4.4. they specifically pullout the weakening labor market sentiment when it comes to the conference board's jobs too hard to get sentiment indicator. this is a big report for the market today. but remember, we do get one more payroll print before the fed convenes again on november 7. tom: heck, tom. valerie tytel is back. thank you for the breakdown. 4.4% unemployment, that would be a standout. that would put 50 basis points back on the table this federal reserve l

on the stoop, the president offended, made with german president frank 5 dash time maya ends with jerome. and sean, so the shots in between official commitments, it took time to speak to judge roberto about finland's membership of nato and about increasing security concerns in europe against the background of the russian. the attack on ukraine, more than 2 years ago. that's here. what's alexander still had to say? your country has just been a member of nato for just over a year, and you have a very long buddha, front line border, and nato front line border. now, with russia, to what extent does this joining they to increase security for, for, and then after all, one could say you live together with russia and peaceful, many decades? well, there's a $1300.00. so we've actually had surgery war skirmishes with russia. so peace is a relative term. if you look at the line of history, we do have one of the largest militaries in europe. we have 56, the 2 f eighteens we just bought. 64 f, 30 fives. we have the biggest artillery together with poland. we have a miss house, air, land, and sea, and

however, speaking in nashville on monday the head of the us central bank, jerome powell, said overalls in solid shape and there's no "hurry to cut rates quickly". katy kaminski is chief research strategist at the investment firm alphasimplex and joins us from boston. yesterdayjerome powell indicated there may be further rate cuts to come ? how much confidence is there in the us economy right now? what was great about yesterday, he was tempering some of the enthusiasm that we needed a very strong cuts, pointing out that economic strength is there and that inflation is moderating, highlighting that we are on the right path but he has continued to suggest that he will be analysing the data and treading cautiously as we move into the end of the year and into next year.— and into next year. switching nears and into next year. switching gears slightly. _ and into next year. switching gears slightly, we _ and into next year. switching gears slightly, we had - and into next year. switching gears slightly, we had the i and into next year. switching l gears slightly, we had the euro inflation d

jerome powell was speaking in tennessee and added that the central bank was not in a hurry to cut ratesthree majoy us stock indexes saw price falls during the speech. they recovered though, posting gains when markets closed. not much reaction to those remarks here in asia. but markets are watching japan's tankan survey. it is a measure of business optimism among large domestic companies, and it has come in largely unchanged compared with the previous quarter. all this as shigeru ishiba is due to be sworn in as the new prime minister. business reporter mariko oi looks at what the leadership transition means for japan's economiy. it is fairto it is fair to say that markets are not too thrilled about shigeru ishiba. big businesses i think are waiting to find out how exactly he will tackle many of the economy challenges facing japan. we heard from a professor who told us shigeru ishiba will likely continue many of the previous policies. but what i have noticed is shigeru ishiba has a lot of support from the ruling party members, not lawmakers, in the ruralareas. i members, not lawmakers, in

this is what jerome powell, inflation number one, the cpi report came out yesterday.. cpi came in at 2. 4 versus to-3, that won't dislodge the narrative. what will dislodge the narrative, if inflation went exponentially higher, closer to the three level, he's not cutting it. we are not near that. another thing i think is the state of the consumer. of the economy starts to weaken, he did it at the end of q 4 in 2018. neil: so good at this. thank you. talking about where the markets have climbed this wall of worry with back to back hurricanes the last couple of weeks. brandy campbell on the fallout in fort myers, florida. how does it look? >> reporter: we are still seeing the aftermath of the storm. before milton made landfall we saw tornado damage. you see that behind me, this home right here had part of its roof ripped off, displacing people impacting this area. the national weather server saying there was 126 tornado warnings wednesday across the state of florida. the most issued in one day in history for this state. right now it is also impacting power issues, 2. 2

jerome is the supreme leader, i add to it audi. having a said it was quote, up to the authorities to decide how to take action. si fi. i talked to him that diffuse in the why that conflict. i expect it to be to you in do i today? i'm with. have i do the full ass gag? is profess off international relations at the london school of economics on political science. i asked them what impact these are all states as attack on a round could have on c spy adults as well. i mean, um, ironically today, uh the wrong in military release. the statement it says up to is right of the tax on the wrong. the statement says that you're on a prioritizes is he's fine in gaza and loving on all the retaliation for these riley attacks on iran. so obviously, i mean i, i think now we have a very, very, very short window of opportunity because the out americans are redoubling that assets in order to see whether they can really have bring about the sci fi and gaza . i am not very optimistic, but let's hope that the americans in egypt sions on the categories, wi

the western now is, is the son of jerome. can you play? is i that have no same pipelines explosions. so yeah, i think the real side of the story has been slips on the rug. why the was a warning, disturbing images are ahead. the russian, a federal of the good. he. so this revealed the west and most are and attended to and boom site and the russian re, i'm region among those who would take that out of the flight with members in the us . all me and leap units all to use is the amount of the median to spread the allegation that is how fast this is the loss of mind behind the getting .

this according to federal reserve chair jerome powell. on monday he said the u.s.urther rate cuts would happen at a measured pace. >>> a big media merger. directv is buying dish and sling. the debt exchange traction will include a payment of $1 plus the assumption of about $9.8 billion in debt. directv said monday the deal would help bring smaller content packages to consumers at lower prices. the federal communications commission had blocked a previous version of this deal, citing antitrust concerns. >>> and here's your excuse to indulge in taco tuesday. it's national taco day today, and to celebrate, taco bell is selling $1 tacos starting at 1:00 p.m. eastern, and taco john is offering its loyalty members a free stuffed beef grilled taco with any purchase today. that's your "cbs moneywatch" report for this tuesday morning. i'm shanelle kaul, cbs news, new york. >> every day should be taco day. >>> up next, remembering a baseball great. we look back at the turbulent career of pete rose. rememberin baseball great. we look back at the turbulent career of pete rose.

fed chair jerome powell said the central bank would likely continue to cut interest rates, but perhapsot as aggressively as this month's half point cut, and the dow gained 17 points to set another all time high. the nasdaq added 69 and the s&p 500 was up 24. also a record close. traders are hoping the economy will keep growing as the fed makes borrowing less expensive for businesses and consumers. analysts will get some more data with the august jobs report out tomorrow, and a potentially crippling strike by port workers is likely to start at midnight. tens of thousands of union dockworkers across 36 ports from maine to texas are prepared to walk off the job unless a deal can be reached before that deadline. the dockworkers are asking for a 77% raise, and a promise that cranes, gates and container movements will be monitored by humans and not by ai. retailers are trying to secure their supply lines ahead of that strike, which is expected to cost the economy $5 billion a day. local officials are now urging folks to avoid panic buying. >> people do not need to rush out to the grocery sto

he would not answer a question about whether or not he would fire fed chair jerome powell. donald trump, believes he has the right to tell the fed what to do in terms of interest rates, which is a key question out there right now. but that he can't make them do it, but he has the right to tell them what to do. he also made what sounds like maybe off hand statement about jerome powell having the best job in the world, you just show up, flip a coin. so we'll continue to listen in to his thoughts on the federal reserve. >>> but coming up, what israeli prime minister benjamin netanyahu is telling the u.s. about a potential response against iran and what it could mean for a potential escalation in the region. you're watching "chris jansing reports" only on msnbc. egion. you're watching "chris jansing reports" only on msnbc at strapst and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brillian

host: jerome in new york on the independent line. good morning. caller: good morning. thank you for c-span. i love the topic this morning. i want to say that it is quite all right for donald trump to see a problem in the country and try to deal with it, let's make america great again, even though he can't specifically pinpoint the period america was great. america always had great potential, and that's great. the problem with him in relation to the trade issues is that all of his goods are manufactured in china or mexico or somewhere else. how could he on one hand say i will bring jobs back to america, but all of your rich investors take the labor out to the cheaper markets. it is hypocritical. people need to see this. even the bible that he is selling is not made in america. thank you very much. host: brent in michigan on the line for democrats. good morning, brent. caller: good morning. thank you, c-span, for letting me speak. i heard obama at a recent rally who speculated about whether or not trump has ever changed a tire or a diaper. personally, i'm curious whether

so this is more indication that the fed and jerome powell have been getting things right?side from the initial trip—up on the transitory nature of inflation that chairman powell talked about two or three years ago, he has done quite well. we're in a soft landing in the us economy, which is another point the banks highlighted, jp morgan, bank of america both pointed out that the consumer in the united states is healthy and resilient. yes, consumers living paycheque to paycheque are being affected by higher prices in the united states, but overall chairman powell and the federal reserve have done a very good job of landing the economy into a soft landing, which you have to go back to 1995 when chairman greenspan did it, and it worked out remarkably well and we think that is the case this time as well. french luxury giant lvmh's sales fell 3% in september. french luxury giant lvmh saw sales fall 3% from july to september, because of weaker demand there demand in china and japan. the core fashion and leather goods division fell 5%. it's the first time the division have seen a

inflation is getting pretty close to the fed's target level of 2%, which was chosen because it's jeromete kind of milk. of course, good news for the biden-harris economy is bad news for donald trump, who is campaigning against the biden-harris administration. but throughout this campaign, trump has had a very subtle way of casting doubt on positive economic reports. see if you can catch it. >> wall street ends the week on a positive note. the dow and s&p 500 both hitting record highs. >> we are a nation whose economy is collapsing into a cesspool of ruin. >> 2024 has kicked off with a bang. 353,000 jobs were added. >> you're going to lose your jobs. >> main street hiring firing on all cylinders here. >> the economy's just been reported to be doing very badly. >> one month gain in job growth best since january 2022. >> our economy is doing terribly. >> the numbers that we're getting on the real economy show that it's holding up remarkably well. >> the biden economy is a nightmare. >> look at that spike in consumer staples. everything's looking great here. >> i keep hearing about their ec

down the alcohol, leaving it too busy to produce enough blood sugar, causing blood sugar levels to jerome. adding physical activity to the mix license, the effect. low blood sugar can lead to dizziness from set q likes to re problems. reason number 3 as to know when the body breaks down, it's an old, commonly known as alcohol. it produces a c tells behind a toxic compound that can cause headaches. stomach upset and even memory. with rikita alcohol consumption, let's see, sounds the heights damages organ membranes, especially in the liver, excessive drinking over time can lead to live as the rest. by the way, many foods naturally contain afternoon, such as fruit juices, bridge and catch you. but in the entire amount. so don't worry, no one's ever be known to get to hang out as a just from overdoing it on the bridge. that so from us this turned around we had to enjoy the show. thanks for watching. take care. the you again see on tomorrow today by the the, the be a own health advocates by turning into your own ex best . when you're without any fiction with no surprise. be active, the way in

jerome's out on the stoop today. - what's up, little dude from across the street?ill replace the one i lost doing magic. - and here's a little something for you, drew's brother. - ow. what the f-- [bus horn honks] shoot. [honking continues] ♪ ♪ - [growls] no seats. - here you go, drew. take mine. - [grunts] here, drew. please, sit. - whoo!

fed chair jerome powell spoke out saying consumers shouldn't take that. rate cut as a sign that future cuts will be just as big. rather, he anticipates two quarter point cut increments. powell did share that if the economy remains stable, the fed will only. cut rates by about 50 points at the next meeting is scheduled for november. google making $1 billion investment to increase its presence in artificial intelligence world. the company building a new data center in thailand. google says the center will help expand its cloud infrastructure in asia. the move puts ai at the heart of google's international push, and it comes as google is trying to compete with other companies like microsoft and openai. when it comes to artificial intelligence. okay, rounding up a whole lot of buffalo y people it is inevitable. they will grow up. (♪♪) discover who they are (♪♪) what they want from this world. and how they will make it better. and while parenting has changed, how much you care has not. that's why instagram is introducing teen accounts. automatic protections fo

while they do have a lot of power from the air in the form of air strikes, jerome strikes and surveillance. they do not have that same kind of power on the ground, and we're seeing this play out in real time that even though the army has said these are just limited rates. it's still an invasion into 11 these territory into several different his belo strongholds were now the army is realizing what they're off against. thank you very much and this will hurt in a non well, it's an emergency united nations security council meeting viewing is extra general said the situation must be the escalated in the region for the sake of the civilian populations. civilians are paying a terrible price which i accidentally condemn you and as will be lies, all its capacity is to provide urgency, many teddy and $8011.00. and i asked the international community to fully funds, how would it be? sees of the aides is well, it's excellent. isabel left killed, 49 people with over 60000 people displays from their homes. it is absolutely essential to avoid them all out. what in lab of them, which would have for phones

the, the, the blue, the western narrative, the son of jerome, couldn't you play is i didn't know, same pipelines and explosions. so yeah, i think the real side of the story has been slipped on the rug by the west. a warning, disturbing images per head. the russian federal security service revealed the west and most are and attended to and boom site, the russian re, i'm region among those who would take that out of the slides with members in the us . all me and lead unit all to use is a, the amount of the media is a spread. the allegation that is says this is the last, the mind behind the cleaning of the color of this kind of star, the step with this in canada. it says the claims are employed justin to do is using for his own political gain, the most good to the world. this is so you, that's good to have your company today. my name's brought some money. i'll tell the story. so it might seem narrative on the know the same sabotage, never had any legs and continues to fall above. so that here is 5 minutes. a highlighted that the painting says that's been painted a quote drunk, couldn't uk

and israel strike on saturday, jerome says that the damage cause to infrastructure was limited though with air defense system successfully intercepting most of the idea of missiles. ron has also accused us of complicity. a facility is to be seen small, plain subtract 7 to live out in mil to enter the sites from a rocky space, approximately 70 miles from the rounds border. iraqi, a space is on the the occupation command and control of the us mailed 3 conclusion . us complacently and describe it certain on your screen or the reported locations targeted by the adf, which claims a number of military sites were hate, with so called precise strikes, while videos on social media apparently showed missiles being shot down over the rainy and capital to rob says it has a right to defend itself and its retaliation will be quote, deliberative. earlier on saturday, our middle east bureau chief murray if an ocean of broke down the regional developments to my colleague rachel ruble, a highly anticipated as really a tac last day. the roughly 4 hours as around 6 am local time on sunday, the idea of an

wickedly expansionary fiscal policy under biden and harris and expansionary monetary policy where jerome powell kept printing money even when printing money on the fiscal side. david: milton friedman affect and art laffer affect, supply and demand. charles: it was a keynesian affect and arthur burns affect. because i'm talking about printing money and spending a lot of money. that will always give you inflation because the demand side will outpace the supply-side with higher regulations. here is what i would say. i go out to dinner with wealthy people, live on the upper eastside normally democrat but some of them because of what is going on in the democratic party in israel, moving to trump but they will tell you there will be a restaurant in manhattan. it is packed but guess who it is packed with, speculators, financiers, millionaires, not packed with guys that scrape and save from money. if you want that scenario, the middle america scenario my guy who owns the coopertown diner, will tell you how they are squeezed left and right on goods to cook with where their profit margins are shri

that has been the strong indication from jerome powell and other speakers, but these are needing a week job report -- weak job report to push them further. treasury yields will flatten. the yen is probably the currency that will be most affected by all of that. tom: bloomberg mliv strategist mark cranfield on the importance of the nonfarm payroll data causing tomorrow in terms of whether or not we get the 25 basis point or jumbo cut from the fed at the next decision. let's switch focused to french politics. french president emmanuel macron has given his backing for a new temporary tax on large companies as he looks to tackle his government's deficit. he was speaking on a panel motivated by bloomberg's stephanie flanders at the bloomberg mobile dialogue -- global dialogue. >> having excessive taxation on copper is well understood by large companies. if this is for one year. it should be limited, and we do not have to forget the rarity of our economy, our competitiveness, and our competition. tom: the french president speaking to rest of their. let's bring in caroline connan or in paris f

. >> brian: joe green endorsed harris and jerome bettis and levion bell, does this matter?michele: a split in pittsburgh steelers. bettis endorsed trump and antonio brown and le'veon bell registering people to vote out in the parking lot. all four men are black, different generations. i don't know which is more effective, i'm hearing more and more just particularly men, they are really tired of being told their masculinity is not kind of masculinity harris-walz ticket supports and they are pushing back in maybe the most powerful way by voting. >> brian: i saw lawrence taylor in that huge new york jersey and he endorsed president trump. we'll see what it means. good luck with your podcast today. >> michele: thank you. >> brian: "fox and friends" exclusive, donald trump joins lawrence's barber shop series in the bronx revealing what is the top issue. whole sitdown is next. >> they have economy as number one issue, i think inflation is massive, economy is massive, border to me is like fabric of our country. elmer>> if you're looking for a nutritional supplement that really mak

. >> speaking of the fed, federal chair jerome powell said he still sees a soft landing for the u.s.t he said. >> yeah, that was very important, and it looks like the fed is pulling off the unimaginable feat, a soft landing and also protecting the labor market. he said this is also important for the rates market. he said the next cut is probably not going to be a jumbo cut, meaning a 50 baize point cut but a couple of 25 basis point cuts. the next couple of moves are going to be a lot smaller. we're expecting two 25-point basis cuts this year. >> a story we've been keeping an eye on the last couple of days. thousands of dock workers on strike this morning at the nation's east and gulf coast ports. tell us the latest. what could the implications be? >> look, the implications here could be huge. jp morgan out with a note saying the economic costs here could be $5 billion a day. this is a huge number. and, again, the ramifications here is 50% of all container trade that goes in or out of the u.s. is affected by this strike. obviously they're battling out over wages and increased automat

as you recall back in jackson hole, wyoming conference on august 3, jerome powell today pivot and came out extremely dovish. i did not understand that. with the fed dropping 50 basis points, i concluded bond yield might actually go up on that, and it sure has, because the bond market is agreeing with me, or let me be humble and say i agree with the bond market, that the fact of the matter is it was not necessary that the fed did too much too soon. >> ed, given that is your view, how do you play it from here? we have the u.s. election were both candidates are likely to expand the fiscal deficit. you think this results in aggressive steepening? is it the long end you play, or is there still juice in the front end in terms of the fed cuts that are aggressively priced? ed: i think there is a lot of uncertainty as we head towards the elections. we've had a couple major uncertainties have to do with politics. there is geopolitics. we know the israelis are going to attack iran. we just don't know where, what, or when. we also know that an election is about to occur in the united states, and e

jerome powell politicized the fed doing a jumbo rate cut this close to the election. scenario where you had to cut 50 basis points right away, unless he knows something that we don't know about the economy and they are going to be in a real are predicament if the economy accelerates. since they've done the july bow rate cut, the 10 year bond has gone down in price, up in yield, almost every day. maria: i'm trying to figure this out. why is it that rates are going higher in an environment when we're told rates are going lower? >> they're taking short-term rates down, three and five year inflation expectations are up and you keep hearing that donald trump 2.0 is going to be inflationary which us absurd. we know what a trump 2.0 is going to be from trump 1.0 and inflation was very, very anchored around 2%. so there will be a growth shock of. .there will not be an inflation shock. maria: are you expecting to be in the cabinet should president trump win this. >> i expect president trump is going to win. i would like to help had any wai can, inside or not but there are no j

. >> absolutely, and i can't believe i'm going to say this, poor, poor, poor jerome powsm while president sipping pina coladas on the beach, powell is forced to deal with three reinflationary purchases -- pressures, right in biden add had resolved the middle east conflict, we wouldn't be dealing with higher oil prices. if he would have done something about the unions, you wouldn't be dealing with rising prices which are costing us $4 billion a day for the port strike. and if you look at the hurricane relief, if we didn't spend fema money on immigrants, illegal immigrants, there would be money to fund. this this is going to the all lead to inflation. i think, if you see any uptick, powell and the fed are going to have to reconsider -- lauren: and jobs origin, jobs report, right? a softening labor market p. stuart start that's right. lou, you say investors should be ready to the buy any big dip that comes along -- >> and here's why. i do expect a big dip based on history when we see a war or crises break out like the attack on israel by iran. a year ago the markets actually sold off about 7

(glass shattering) (loose gravel clanking) >> good morning i am cheryl casone the infirmary over jerome a friday october 11, top stories exam eastern time hurricane milton causing destruction of ford as millions are left in the dark as rescue and recovery operations underway biden administration pushing for more fema funding to help clean up the region and what you need to know features to the downside and nasdaq is down 65 and s&p done by 11 a higher-than-expected inflation report pushing stocks lower yesterday but today is all about the producer, the september ppi at 8:30 a.m. eastern we are on it third quarter earnings getting underway with the big banks out this morning, j.p. morgan wells fargo amongst other heavy hitters were to get to the numbers live, taking a look at european markets all of the markets to the downside, the tutsi and the daxs on the road, and asia mixture, the hang seng and hong kong back over to present back at home a tale of two campaigns, kalama harris is coming off a media blitz as polls are showing a neck and neck race donald trump astounding new tax plans a

and in the middle of notre dame, the entire french nation looking at their new monarch and looks jerome, his brother joseph sorry, his and says to him in italian what if daddy could see us now right now people who say that he was a butcher and egotistical and a monster, a maniac. i say look at what he was reading. look at these little and remarks. butchers. don't say that little connection. we know he weirdly for his love the ancient world and probably should have talked that more fascinated with history. of course, julius caesar, alexander the great great heroes, loved reading cornelius near and plutarch hated studying latin. and we have we have the notes of his latin teachers he was terrible in terrible in german his german professor him the beast or the animal so very bad at languages in with latin very weird for guy who loves history so much. thank you so much this was fascinating. i think if we didn't have an interest in my friend pauline before listening to you i think i kind of feared. i bet that most of us are now pretty curious about the man and because it's pretty contagious,

cuts going to happen when you get a report like this certainly possible a question of do you believe jeromea-dependent made a lot of decisions in conflict with data i think anyone's guess whether going to be you know politically dependent or whether going to be data-dependent here. maria: there you go, cheryl what you got. cheryl: a good couple things i want to jump in with first off yeah, a revision for august, they raised it higher by 17,000 jobs but i think the one thing i want to point out here i think joanie my jump in on this biggest amount of jobs created were in food services. you know, so those an effort necessarily higher-paying jobs, i want to point that out biggest jump that i saw as far as where jobs are, 45,000 healthcare but food service drinking places 69,000 jobs, i want to say high-paying jobs, but -- >> the healthcare story did not surprise me as well, the government, you know hiring, that is maybe outlier at this point this month. maria: transact transportation lost jobs 8.6,000 leisure hospitality up 78,000 your reaction. i think even, numbers i am looking at this, of c

directly control the fed but you do have some say and who's out there -- the chair and will he reappoint jeromee fact that jamie dimon is playing footsie with kamala harris? and that's why -- what you have here you have a cya writ large in corporate america as it looks like it's a possibility again, you know, lessen it's members two market here, there's a betting arts market which is -- i don't trust those lucky poly market, it's a lot sentiments involved in that but the poles have tightened the point where, you know, ads and simples is ahead, compose he's behind, is doing well in the battleground states, he's people -- their entire poles are very strong just -- i spoke with one this morning so i get back to the wall street guys and the ceos by the way the ceos pay for very, very good pulling its magnetic public things that, you know, have a margin of error of ten, you know, you know what i'm saying? the pay for real pulling their polling is showing a tightening race and momentum shifters -- nothing is going to win its what he's trying so you have that cya going on right now. [laughter] >> sand

. >> this is the thing if jerome powell had only had 25 basis points last time he would have wiggle room but he really doesn't, if the new cycle in all of this goes against him as the labor market has been showing us leading up to the point he can find himself in hot water which nobody wants to be in opposition but he gets blamed you are looking at the dow 248-point, it is not peanuts. >> oil has been on the rise we mentioned three straight days of gains one of the biggest weekly increases that we haven't seen since march of 2023, again a lot of geopolitical risks weighing in on the markets, we know charles payne is also weighing in. charles: you gave me a lot to work with, thanks a lot. good afternoon i am charles payne this is breaking money. breaking out the bull market is about to turn two years old it's time to blow out the candles or turn the volume up and keep it going, brian westberry has his dancing shoes on and bring in the music. insane, that is how nvidia described for the new chip, i've heard it before and last time it was a red flag, not from them i'll tell you where i hear

jerome's out on the stoop today. - what's up, little dude from across the street?e one i lost doing magic. - and here's a little something for you, drew's brother. - ow. what the f-- [bus horn honks] shoot. [honking continues] ♪ ♪ - [growls] no seats. - here you go, drew. take mine. - [grunts] here, drew. please, sit. - whoo! - next, nancy reagan shows us how to give the perfect-- - tonya, don't go yet. now that drew is going to chris's school, you'll be the first one home every day. so we've decided you're ready for your own key. - [gasps] [dramatic electronic music] by the power of this key, i am a grown-up! - i can't believe it. [sniffles] my little girl's a latchkey kid. - finally. thank you, thank you, thank you, thank you, thank you. - hold on. this is a big responsibility. we're trusting you to let yourself in and mind the house alone. - don't flash the key around, don't let anyone in, and keep all the windows and doors locked. - you think burglars don't know how to climb? their hands are good for two things-- climbing and burglaring. okay, get going. love y

barr and earlier this year with fed chair jerome powell.nist miranda devine, she's the author of the blockbuster new book "the big guy" and president and his son sold out america about joe and hunter biden. miranda devine, what do you make of this controversy? >> look, i just do not understand why cbs is allowing itself to be dragged into more and more controversy. every time it tries to get itself out of the mess, it just makes things worse, and in this particular statement it's basically called donald trump a liar. all they have to do is just release the unedited video and the transcript and people can see for themselves if they did deceptively edit it. clearly, the answer though showed on "60 minutes" was a much more coherent articulate answer than the one we saw originally, so you know, what they say, they did that for timing reasons and that is the problem with kamala harris is that she's so sort of flowery with her language and so inarticulate and she filibusters all the time as you saw the other day when she had her fox interview wit

. >> how is it for you and jerome trying to navigate being being a family again we went through differenteriences. >> um those experiences are so different. yet it was the same situation. >> so searing for each of you, but not but not the same. >> yeah, it's the same situation, the same family. yet darren went through completely different thing than i did and it's like she came from another world and i came from another world. it was only 49 days, but it was long, 49 days. so much has happened on those 49 days. and changed. so there is always the danger that we will be drifted apart because eventually we are parents of those girls and we need to to somehow keep uh, our, uh closeness for them. so this is a challenge. >> do you feel yoni that now that that you understand what they went through, it was difficult for me to even hear their testimonies, even hear them talk about the fact that they were kept on these terms, that they were hostages, that they were locked down. look, we we were saved. we are not victims. we are winners because we survived and i will not raise my daughters as victi

. - even our friendly neighborhood con, jerome, was disappointed in me. chris off financially? - of course, baby. - cut me off? when did you cut me on? - if you're not going to school, you got to get a job or get out. i can't have your sister and brother thinking it's ok to be a bum. - we can't kick chris out of the house. - because you care so much about me, huh? - no, because you can't do anything. you'll die out there. that's why you're going back to school. - but i missed so much class. they'll make me repeat 10th grade. everyone will think i'm stupid. - if you don't think everyone already thinks you're stupid, you're stupid. - [scoffs] [sighs] - look, chris, that school is our best option so you don't end up on these streets. it's scary out there. crackheads, gangs, that white man in a larry bird jersey. [dramatic musical sting] - [shudders] 10th grade was the worst year of my life, not including the year i had a jheri curl. and now i had to do it all over again. but maybe this was just a new test. i could still get a fresh start by getting fresh clo

bad that there are so it's used in so many different ways, but coming out of the tradition of saint jerome in the second century. ce you're absolutely right. it becomes mortification of the flesh and it's this sacrifice to god and and and punishment to the self. but then it also becomes a way to meditate and to the has a chance of the greek orthodox church use fasting as a way to center themselves much as in the buddhist tradition and in the vedic hindu tradition. yeah, you're right. because in the christian tradition, you can identify something that you deprive yourself of at certain times. as in lent. of course, lent. and of course, i remember when my my son, who was about nine at the time, said i said what are you giving up for lent? and he said, cherry's. and i said, you don't like cherries. he said, exactly. so and you know, of course, catholics call it a fast when they fish on fridays, but they're, you know, in terms of definite vision, it's not that serious. this also comes out of the tradition of that. i think many people are familiar with the day of atonement and yom kippur with a