lori stewart, daughter of stax founder jim stewart, and to mr. al bell, a former owner of the storied label. [ cheers and applause ] >> i thank you, creator of the universe, for blessing me to be alive tonight. [ applause ] this is truly an historic occasion. from slave music to race music to r&b music to soul music to black music honors. thank y'all. [ cheers and applause ] at the time when otis redding had transitioned, we lost sam and dave and we lost our catalog, clarence avant came along and resurrected stax by putting together a music and financial business arrangement that allowed us to carry it on. at stax records, our creative goal was to create music that reflected and influenced what was going on in the lives, the lifestyles, and living of our people. that's all we did -- music to [ cheers and applause ] thank you, museum of african american music. the founder of stax records, my dear friend, the s-t-a-x -- the "s-t" of the s-t-a-x in "stax" couldn't be here tonight. so he sent his lovely daughter, lori stewart, to accept this tonight.

jim, thanks. >> sure. >> jim stewart of "new york times." >>> well, new highlights being shed on thet frank joins us now with more on that story. robert. >> good morning, david. while new york state attorney general eric schneiderman investigating about the possible misuse of funds. "the washington post" investigation found that after 2008 almost all the money given by the trump foundation came from donors other than donald trump. now, the biggest contributors to that foundation included the owners of the world wrestling entertainment, carpet wholesaling company and a new york ticket broker. now, none of that would seem to violate nonprofit rules. it's not unusual for foundations to give away other people's money, but some of the trump foundation's gifts and expenses are coming under fire. charity spent $12,000 to buy tim tebow's football helmet and $20,000 for a portrait of donald trump that may have hung at one of his golf courses. lawyers tell me that if these don't serve the tax exempt mission of the charity, they could be considered self dealing. trump recently paid a fine after

jim stewart of "new york times." >>> wells fargo flat by the way after a tough few sessions.rading here at the new york stock exchange. that's just in the last half hour or so. shares are up about 10% in a down market. we're going to talk to the ceo straight ahead. stay with us. you're watching "squawk on the street." it's ary when the lights gout. peop get anxio and my office gets floedith calls. so many things cano wrong. it's my worst nightmare. every second that por is out, city's at rk. siemens digital grid manages and reroutesower, so service can be restored within seconds. priority number one is keeping those ghts on. it takes ingenuity to defeat the monsters that live in the dark. >>> valvoline up about 9% this morning making its public day view under ticker vvv. we'll watch this closely on a busy week already. joining us is the ceo of valvoline, sam mitchell is with us here at post nine. congratulations. >> good morning. thank you. >> you've caught us in a bit of a sweet spot here. >> that's right. >> is that by design or being lucky better than smart? >> we'll take

as my great friend jim stewart, who is a freak writantastic wri tesla people like their tesla stock, and they don't sell. so tesla, the stock, i think you're still in a cult situation, and it's going to go higher. incredible. how about norman in california, norman? >> caller: hey, jim. big north hollywood booyah to you. >> i lived there for a while. booyah right back at you. >> caller: the reason i'm calling. i have some shared in a diversified construction company that has sizeable infrastructure and road-building division, and given the urgent need for upgrades in our infrastructure, how do you feel about fleur corporation, flr? >> you really want to be in martin marietta stematerials an vulcan materials. fleur, i regard as being an oil and gas play, and that's why i think you take advantage of this new rumor about a production cut and maybe even do some -- >> sell, sell, sell. >> this is far from the market many expected going into 2016, but as the quarter winds down, well, we got to go over restaurants, retail, financials. they may be weak, but standouts in tech are helping us ge

i keep going back to jim stewart's comment on our show, the great "new york times" columnist.esla shareholders like tesla stock. and it sounded oxymoronic, but it's true. there's this core group of people like jay leno, like morgan freeman. >> yes. >> morgan freeman, is he necessarily a stock picker? no, he's more important than that. he's a thought lied eader. the reason that's important is because people keep buying teslas. my daughter wants a tesla. i said reach benchmarks and she won't reach the benchmark in time so i don't have to follow through with it. >> speaking of amazon, bill miller had thoughts on its potential next few years. dallas morning news has a piece on how they're opening 21 pop-up electronic stores for the holida holidays. only did six last year. so you're going to see more retail space with the amazon name on it. >> amazon should be careful of walmart because i think jet.com i think they come to play. >> interesting. that would be very interesting if they really were able to mount a competitive challenge. >> walmart's the only other company with unlimite

as jim stewart said from "the new york times" when he was here tesla stock owners like the stoke stockt of people thought it whas circular reasoning. people no the in the stock market love the tesla stock and will not sell it and not react to the downgrade. they're not. i think solar city has -- i think that california numbers of solar city are so bad that in the interim, just change. just change. they went down. anyway -- >> although this will be the lowest price since late june. >> i'm not big on deutsche bank, did a financing with their receivables. you know, $300 million loan there. >> yep. >> but i have to tell you that this is a cult stock and, therefore, very hard to value. >> cult stocks historically, hard to value, meaning that it's not -- certainly not bound by the four walls of the spread sheath which is nonexistent . musk is a revered man. i mentioned morgan freeman -- >> he loves teslas. >> because of your interview and he speakses for a lot of people when he wants to invest in musk. in musk we must. not me. i'm not a -- i'm not a fan, i'm not -- >> a simulation, that's wh

bruce springsteen, jerry seinfeld, jon stewart, louis c.k. and jim gaffigan are slated to appear. the benefit raises money for wounded veterans and their families. it will happen at madison square garden on november 1st. tickets go on sale at noon today. >> i think the word all-star is an understatement with t like a presidential but not have to deal one or deal with the responsibilities. this may be the house for you. the texas white house is on sale for $5.5 million. get your checkbooks out. it was commissioned in 1927 by a governor of the co-founder of what is now exxonmobil. you can mow also buy that. >> even better, you can look at the great waterfront. >> this is "early today." hey marc, how you feelin'? this is what it can be like to have shingles. a painful, blistering rash. i never thought this would happen to me. if you had chickenpox the shingles virus is already inside you. 1 in 3 people will get shingles in their lifetime. i'm going to go back to the eye doctor tomorrow. it's pretty close to my eye. i don't know how you do it. don't wait until you talk to your doctor

stewart. still running and out of >> gus: jim grobe can take a deep breath. >> joel: fitting that the last play made to seal the victory is made by that secondary. they played great tonight for baylor. phil bennett deserves a lot of credit for an excellent game plan that stood up four quarters. got turnovers. tackled well. excellent effort. what a job by baylor's defense tonight! >> gus: hand it off to hasty. >> joel: felt like oklahoma state got away with a hold. change. >> referee: oklahoma state calls a time-out in the half. time-out. baylor, 35-24. >> gus: four oklahoma state turnovers tonight. mason rudolph throws his second interception in 153 passes this year. but the one that hurt the he is feeling it. >> joel: that is not even to mention the fourth down stop they got the series prior. the two snaps are the difference in the game. >> gus: two time-out for oklahoma state. seth russell. what a game for the senior quarterback tonight. >> g interception. russell had one interception in the first seven games before the neck injury against iowa state. >> referee: false start. offense, number

stewart. still running and out of >> gus: jim grobe can take a deep breath. >> joel: fitting that the last play made to seal the victory is made by that secondary. they played great tonight for baylor. phil bennett deserves a lot of credit for an excellent game plan that stood up four quarters. got turnovers. tackled well. excellent effort. what a job by baylor's defense tonight! >> gus: hand it off to hasty. >> joel: felt like oklahoma state got away with a hold. rudolph doing the right thing. change. >> referee: oklahoma state calls a time-out in the half. time-out. baylor, 35-24. >> gus: four oklahoma state turnovers tonight. mason rudolph throws his second interception in 153 passes this year. but the one that hurt the the ball on the one. he is feeling it. >> joel: that is not even to mention the fourth down stop they got the series prior. the two snaps are the difference in the game. >> gus: two time-out for oklahoma state. seth russell. what a game for the senior quarterback tonight. interception. russell had one interception in the first seven games before the neck injury against iowa s

stewart and carson. to prove anything is possible. we'll have a look at his journey.. when we come back jim dunlap: too many nevada police officers have been killed in the last few years. the truth is, we make it too easy for e from strangers, no questions asked. so here's something we can do to honor the fallen: close the background check loophole. that will help prevent future cop killings. it works. in states that have closed the loophole, nearly half as many police officers have been shot and killed in the line of duty. background checks save lives. v.o.: yes on question one. danny tarkanian's carrying a lot of baggage. tarkanian was ordered by a judge to repay $17 million in a failed development scheme. tarkanian refused to pay the money back, forcing taxpayers to bail him out, leaving us holding the bag. danny tarkanian's out for himself, not us. krifaton we are setting up for a very nice fall like day, 8 days before the season arrives. sunshine, much lighter winds and well below seasonal temperatures will be the what we can expect. the las vegas high of 86 is 9 degrees below the norm