i'm kayla tausche in for shepard smith. this is "the news" on cnbc. >>> the u.s. economy still expanding. even as gdp grows -- >> up 2.7%, better than expected. >> a better policy for america >>> first responders defend their actions the day 19 kids and 2 teachers died at an elementary school in uvalde, texas. >> we failed the community, plain and simple. >> the reaction from parents and new police body cam video that tells a different story. >>> on the front lines of the election. >> pay attention to detail you know you can count on them to show up. >> the new strategy underway in chicago after thousands of poll workers up and quit. >>> plus, elon musk with a message for twitter advertisers. >>> an arizona grandmother arrested. >> the city of bullhead has made it a crime to feed the needy. >> now she's fighting back. >>> back to fortt myers one month off the hurricane devastated the area. >>> the facts, the truth, "the news with shepard smith." >>> good evening can the u.s. avoid a recession new economic data sending some mixed signals. according to the commerce

i'm kayla tausche in for shepard smith. this is "the news" on cnbc >>> nancy pelosi's husband attacked. >> our officers observed mr. pelosi and the suspect both holding a hammer. >> cops say the man who did it on a mission to find the house speaker. what we know about how he got in and the hunt for a motive. >>> the rise of political threats against congress the new alarming numbers and concerns over the country's direction. perspective tonight from historian jon meacham. >>> this is elon musk's show now. he is the chief twit. >> taking over twitter the moves elon musk is making and how he plans on making any big content decisions. >>> rolling out the big names. former president obama hits the campaign trail while president biden makes his own appearance the tight races they're focusing on. >>> plus, tom brady retired from his marriage >>> the hero firefighter saving lives in his off time. ♪ great balls of fire ♪ >> and remembering rock and roll pioneer, jerry lee lewis. >> announcer: live from cnbc, the facts, the truth, "

i'm kayla tausche in for shepard smith. it's the bottom of the hour. here's what's making the news. >>> a midterm election battle in georgia. warnock versus walker. their only debate before voters cast their ballots >>> the global resale sneaker market it's worth billions a year as resellers use box to gobble up supplies. >>> but first are russian losses in ukraine finally starting to soften putin's stance on the war? >>> russian recruits drafted and sent to the front line with little or no training are already dying in ukraine, just three weeks after vladimir putin started mobilizing them. moscow times detailed the story of one of those draftees, a lawyer in st. petersburg, went to the training center less than two weeks later killed in combat. as ukrainian troops continue to push forward with their successful counteroffensive, analysts say the deaths of ill-prepared draftees is sparking renewed criticism of the kremlin at home and putin is signaling an end to his unpopular mobilization at a news conference he said the dra

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kayla tausche live with the details of that. ka kayla? >> reporter: president biden says he'll consult directly with members of congress when they're back in washington next month. lawmakers keep lobbing proposals from out of town senator joe manchin from energy rich west virginia calling on them to expedite regulatory reviews and new leases for projects so the u.s. can supplant the oil they plan to turn off senator richard blumenthal working to reduce the production cut before it kicks in in november. >> the saudis need to come to their senses they have committed a humongous blunder very much against their own economic and security interests as well as ours. the only apparent purpose of this cut in oil supplies is to help the russians and harm americans. >> reporter: in just the last year the state department has green lit several sales of defensive weapons to the kingdom. most recently $3 billion in re: thee on's surface to air back in august just following the president's visit. jake sullivan told reporters there are no such sales pend

now news from commerce related to semis let's get to kayla tausche hey, kayla >> hi. the commerce department has unveiled long-expected rules that are sweeping expectations on the export of certain chips in ports to china, all in -- advance military security. the rules restrict access to chips used in advanced computing and developing supercomputers. it adds license requirements for chips headed to chinese facilities, including a presumption of denial for licenses for chinese fabs producing certain logic and memory chips and it puts 31 chinese companies on its so-called unverified list, meaning the u.s. does not know where those companies' products end up. morgan stanley analysts see the news as negative for semicaps like kla and positive for micron morgan stanley highlights why -- one recognizable name now listed as unverified. the new rules formalized guidance previously given to companies like nvidia, instructing them to stop providing certain chips to china for national security purposes these rules will take effect in phases this month. there is a 60-day comment

the first time in five years as well details now from cnbc's senior white house correspondent kayla tauscheyla? >> shep, this missile launch was north korea's 39th this year alone, according to the state department, which called the move dangerous and reckless. the u.s. calling on the u.n. security council to take up the issue publicly tomorrow. president biden and japan's prime minister condemning the launch as a clear u.n. violation, saying they resolve to continue every effort to limit the dprk's ability to support its unlawful ballistic missile and weapons of mass destruction programs the launch comes days after kamala harris visited the region, denouncing kim jong-un as a brutal dictatorship and from the demilitarized zone, pledging iron-clad support to defend seoul the timing, according to experts, no coincidence. north korea last fired a ballistic missile over japan five years ago with tensions between kim jong-un and former president trump flaring. now with the world's attention fixated on war in europe, kim may be taking some inspiration from russia's president putin. >> it's prett

kayla tausche on the emergency g7 meeting. kayla, what did the leaders agree to do today? >> they renewed their commitment to helping ukraine fight this war as long as it takes and announcing everything that russia has done. in a blistering statement, saying they will never recognize the annexed territories as russian. demanding russia stop the fighting immediately, and reaffirming those severe consequences for using nuclear weapons, though, several officials today say that it has not been a change in moscow's nuclear posture. allies are going to dufresne ukraine's airspace. the usa in the first two surface to air missiles in a package pledge this summer should be delivered in the very near future. germany has also pledged air defense systems as well, and more announcements are expected in brussels later this week, where nato defense ministers will be meeting. the nato -- said on msnbc today that their strategy remains clear. >> we are going to continue to apply maximum pressure on moscow to try to affect putin's strategic calculus. we will continue here at nato to reinfor

kayla tausche live with the details of that. kayla? >> reporter: well, president biden says he'll consult directly with members of congress when they're back in washington next month. but in the meantime, lawmakers keep lobbing proposals from out of town, designed to stabilize gas prices now senator joe manchin from energy-rich west virginia calling on the president to expedite regulatory reviews, relax permitting rules and offer new leases for projects so the u.s. can supplant the oil that opec plans to turn off senator richard blumenthal releasing another bill to suspend arm sales to the kingdom for one year unless it reverses that production cut before it kicks in, in november. >> the saudis need to come to their senses they have committed a humongous blunder. very much against their own economic and security interests as well as ours. the only apparent purpose of this cut in oil supplies is to help the russians and harm americans. >> in just the last year, the state department has green lit several defensive sales to the kingdom. m

kayla tausche joining us in d.c. with some new headlines on all of this plus some stuff from national security adviser, jake sullivan kayla? >> president biden will be holding in-person bipartisan consultations with members of congress on the saudi relationship when they return to washington that's according to national security adviser jake sullivan, who said that because there are no pending a.r.m. sales to saudi arabia, that no imminent decision is required there, despite many members of congress calling on the administration to halt any future deals that they would make with the kingdom. sullivan made these comments with the delayed release of the national security strategy sullivan acknowledged that the quickly evolving situation in ukraine made that timeline imprudent, in his words. the strategy does outline what it calls a decisive decade ahead with a focus on constraining russia, which it calls profoundly dangerous, and says definitively, that the u.s. will not allow russia to use nuclear weapons. the decisive

saudi minister as well bria vienna >>> today's cut coming after voting to sway the reduction, t kayla tausche with it. we now await the policy response from the white house, what is it >> reporter: well, tyler, we're starting to see glimmers of what that could look like there are a bunch of ideas on the board. democratic senator joe manchin has called for permitting reform to spur production here. we also have a statement from the white house suggesting and calling on congress to essentially lessen opec's power potentially with changes in opec's trust law to potentially take some of the power away from opec that's a very difficult thing to do but something that the white house has put on the table then there's this, in a statement earlier today, a joint statement from the national security council and the national economic council saying the president will continue to direct pet tree yum releases as appropriate to protect american consumers and promote energy computer and he's directing the director to support any additional responsible actions to continue increasing domestic production in th

kayla tausche with us from the white house to explain hi, kayla. >> hi, tyler in the wake of that decisione white house is retraining its focus on major oil companies, saying they're gouging consumers and profiting from it, but white house allies in congress want more concrete action to retaliate against saudi arabia and force officials they see as pro-saudi to defend their actions. earlier today, ispoke with progressive congressman ro kh khanna, who's been a vocal critic of the opec decision and the administration's response. he says he wants brett mcgurk, head of middle east policy, to testify in congress on why mcgurk pushed for president biden to visit the kingdom which kana says cabinet members objected to. he also wants cabinet members to ban the export of gasoline, telling me that they need to be demanding that the saudis reverse the decision sources tell me the biden administration has for months been weighing a ban own exported refined products, something that officials broached yet again with energy executives just one week ago in a meeting. companies have argued the disruption w

kayla tausche, thank you >>> turning back now to elon musk and his expanding universe. our next guest says his twitter purchase greatly amplifies his ability to market his companies and himself. advising not to betagainst the billionaire's brand. here to discuss, morton school of business professor, welcome. it seems like elon musk still has the same twitter account he had before, even if he owns it, but he has a lot more troubles you say no >> well, i think it is a great question, and it is an important point, jon what is going on here, people don't often realize the brand-building exercise requires a lot of money it requires control of the messaging mechanisms that allow you to actually put your positions out there and communicate with people that might be interested in what you have to offer. and so from my perspective, this is simply the idea that you have the power to, first of all, have this direct sort of messaging platform into 100 million people, which has been, obviously, the only way that tesla has communicated any sort of advertising there is no advertising.

we're getting some breaking news from right here in washington, kayla tausche with the details >> sara, the white house announcing that president biden will be pardoning all prior federal offenses for simple marijuana possession officials at the white house expect that this policy will impact roughly 6,500 people who have previously been charged a federal offense and that president biden is also calling on governors of all political parties in all states to take the same action. the white house saying that far too many lives have been upended by the simple possession of marijuana, which in many states has now become legal while senior officials acknowledge that it's fairly uncommon for people to be incarcerated because of this one offense, they said it is very common for people to be turned away from apartments and jobs because of having this on their record so they've instructed the attorney general to produce some sort of certificate for these individuals that they can then take to a landlord or a potential employer to prove that this offense has been pardoned additionally, the presi

kayla tausche. >>> coming up, spending was flat in september as inflation takes a toll on customers,retail slowdown may not be the menas you expect where one analyst is seeing strength, next the new iphone 14 pro is amazing. the camera is incredible. and you'll get our best deal. nice, but i can't accept it. unless every business gets the best deal. on every iphone. uh, actually... we already do that. the plumber with the ascot! big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal! we make a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) >>> welcome back to "the exchange." retail sales were flat in september as inflation hit consumer spending, but our next guest says that you can find refuge from a weakening consumer in the high end. joining us now is oliver chen, managing director at keown great to have you with us. >> melissa, great being here >> there's always been a thought that wealthier investors are less, you know, impacted by economic headwinds, et cetera. they've got mo

cnbc senior white house correspondent kayla tausche on the emergency g7 meeting what did the leaders today? >> the major democracies renewed their commitment to helping ukraine fight this war as long as it takes, and denouncing everything russia has done in a blistering statement, saying they'll never recognize the annexed territories as russian, demanding russia stop the fighting immediately, and reaffirming those severe consequences for using nuclear weapons, though several officials today said there has not yet been a change in moscow's nuclear posture allies are moving to defend ukraine's airspace, or help ukraine defend its own airspace. saying the first two surface-to-air missile in a package pledged this summer should be delivered in the very near future. germany has pledged as well. and more announcements are expected in brussels later this week where nato defense ministers will be meeting. the u.s. ambassador to the alliance said on msnbc today this their strategy remains clear. >> we are going to continue to apply maximum pressure on moscow to try and affect putin's strateg

reaction so far from the biden administration kayla tausche is at the white house with the latest. >> morgan. earlier this hour, president biden was departing for florida, where he is going to be surveying hurricane damage but he was asked specifically about the opec plus decision, and he told reporters who were gathered that he needed to sea the details of that opec communique, which was just released a few minutes ago, but that he was concerned that a cut was unnecessary, in his words. those kmepts coming after the white house launched an 11th hour effort in recent days, when it was surprised by news over the weekend that opec was planning a cut of this measure of course, the white house had been touting opec's decision earlier in the summer to increase production, even by a modest amount, as they were, in parallel, drawing down oil from the emergency reserves at home, to try to lower gas prices one of the key statistics that the administration has been pointing to as they try to speak to voters ahead of the midterms in november. that 11th hour effort has failed they had reach red o

kayla tausche is standing by with the n kreismt direct -- >> earlier a sharply worlded statement about the decision by opec we're joined by brian deese. just, first, what is the counterpunch from the u.s. what can you do? >> well, we're disappointed by the decision today, but it's also important to put it in context. we have seen the price of oil country down from $$120 a barrel and we've seen gas prices come down in the united states as well as you heard from the president today, we're going to keep focused on the things ked can try to do. we've made progress, and there is more to do. >> senator martialing said there need to be permanent reform, and then there's a suggestion in the statement today perhaps there could be some changes to antitrust laws focused on opec and potential more released from the emergency reserves which would be the most impactful for you? >> first, we've been clear on this for a set of weeks here now. we want to see companies, energy companies bring prices down at the pump to reflect the wholesale price they're paying we have historically high presents. >> rep

senior white house correspondent kayla tausche now. kayla, how soon will the records be wiped clean >> reporter: shep, the president is directing merrick garland to produce official certificate that these individuals can provide when applying for jobs and apartment leases or law enforcement. the house is instructing the deb department of justice to study marijuana to be classified as a dangerous controlled substance like heroin. the policy alliance praised the move calling it long overdue we hope the biden administration will go further and deschedule marijuana from the controlled substances act rather than initiate a process that could lead to rescheduling keeping marijuana on the federal drug schedule means people continue to face criminal charges for marijuana. it is uncertain if president biden will do this for future convictions. here is the president in 2020. >> i'll work to reform the criminal justice system and improve the policing system and decriminalize marijuana. i'm joe biden. that is my commitment to you i approve this mes

promises for unions that could be a big factor the race is two weeks from the mid-term elections kayla tauschening us with this story. >> reporter: brian, major unions praise president biden for prioritizing issues and passing signature legislation. they're deploying hundreds of thousands of volunteers to pound the pavement for down ballot democrats. $15 federal minimum wage the pro act which makes it easier to unionize and better coverage for child and in-home care despite union jobs declining in mr. biden's first year, labor officials point to the infrastructure bill as single prove that more will be coming mark zandiat says funding alone will yield 800,000 jobs, 90,000 will go to unions. i spoke to mary k. henry in between her four state door knocking spree, she said those efforts are seeing results. >> because we've targeted 4 million voters of color in battle grounds, wisconsin, michigan, pennsylvania, georgia, arizona, in those states we're feeling increased momentum, both on the doors, on the phones, and through text messaging which we know is going to be required to produce record turn

i'm kayla tausche in for shepard smith.osi's husband attacked. >> our officers observed mr. pelosi and the suspect both holding a hammer. >> cops say the man who did it on a mission to find the house speaker. what we know about how he got in and the hunt for a motive. >>> the rise of political threats against congress the new alarming numbers and concerns over the country's direction. perspective tonight from

groom without his bride, a husband without his wife the heartbreak in raleigh, north carolina, i'm kayla tausches is the news on cnbc. >> everybody is saying he has a gun. >> a 15-year-old suspected in a deadly rampage five killed including his own brother. what we're learning about the alleged shooter and the lives he took will he or won't he? former president trump responds to the impending subpoena from the 1/6 committee. what he wrote an

now president biden says he's preparing to take action cnbc's ee kayla tausche says he's going to releaseg how the u.s. might retaliate for helping putin in his time of need. nbc news reports the biden administration might try to pull back american investment in saudi arabia by discouraging american companies from expanding business ties with the saudis, but there's a risk, of course u.s. companies could choose not to listen. the saudi kingdom, after all, has deep pockets there's a new investigation by the washington post out today. it found that retired u.s. generals and admirals have been taking lucrative jobs over the past several years they're working for the saudi crown prince, muhammad bin salman, as paid consultants, mbs. the same man who ordered a hit squad to kill jamal khashoggi. let's bring in the article's co-author. greg whitlock. greg, thanks so much you had to sue the state department and branches of the military to get this through the freedom of information act what was the rationale for those parties keeping it private in the first place? >> well, there wasn't much of a

well, now president biden says he is preparing to take action cnbc's kayla tausche reports the presidente is releasing up to 15 million barrels of oil from the strategic petroleum reserve, america's energy stash we're also learning how the u.s. might retaliate against the saudis they're our long-time allies, for helping putin in his time of need nbc reports the biden administration might try to pull back american investment in saudi arabia by discouraging american companies from expanding business ties with the saudis but there is a risk, of course u.s. companies could choose not to listen. the saudi kingdom, after all, has deep pockets there is a new investigation by "the washington post" out today. it found that retired u.s. generals and admirals have been taking lucrative jobs over the past several years they're working for the saudi crown prince, mohammad bin salman, as paid consultants. mbs, the same man who ordered a hit squad to murder "the washington post" jamal khashoggi. let's bring in the article's co-author, craig whitlock. craig, thanks so much. you had to sue the state depa

i'm kayla tausche in for shepard smith. this is "the news" on cnbc. >>> the u.s.p grows -- >> up 2.7%, better than expected. >> a better policy for america >>> first responders defend their actions th