. >> it's a lobar. i'm not bringing back the draft biden 2024. running on not starting world war iii fast the lowest of the lobar send joe biden is telling fundraisers nuclear armageddon is the highest risk since the cuban missile crisis he is invoking himself world war iii dozens of times we have a land war in europe and a hot war in the middle east and a cartel war. this places going nuts we just tested a new nuclear weapon he deployed additional soldiers to europe and donald trump the first president in a long time to not initiate a new war but to not send troops to a theater to say he is going to break out into world war iii doesn't make sense when you consider what happens. >> you know right now we are hearing that there are 10 hostages a 10-month-old israeli boy and his family have been moved by hamas to another terrorist group the palestinian jihadists in the west bank and i understand i am told us because i'm getting information from the hostages they're getting intelligence so where does that put us when they are not together in terms of

a pulse that's on the technical term but we have a had new lows in the retail space i think it's a lobarnouncements from home depot yesterday they did narrow some of their guidance but the stock rally the driver of that is lower interest rates helping the environment so i think it's a lobar for the retailers coming into this quarter's earnings were getting get an additional uptick with retail sales on the economic calendar as well. i do think it's going to be a struggle when you look at the auto loan delinquencies, rising credit card debt so a risk of consumer slowdown but technically a little more evidence before making the call in the bottom of the retail space. maria: target is going to be any moment the expectation calls for a dollar 48 a share that would be down better than 4% a year ago revenue is expected 24-point to billion, donna was 5% from a year ago it had a tough year as we look at interest rates with the ten year treasury yield right now showing a gain of three how basis points so beautiful .76%, how would you describe the macro story right now. >> the macro story is improv

it is not a lobar. it is a high bar.e know the civil war was an insurrection or rebellion -- probably both -- because that is what the whole thing was about. and we know it was things like -- members of congress at the time adopting this describe the reach in the future as being for actions which are essentially the same level as the civil war. that is what we are looking at. to say that january 6 was like the u.s. civil war is, i think, a pretty tough pill to swallow. but note how broad that definition is. that would apply to every riot we have seen. think about seattle. it was a concerted, forcible resistance. they occupied a whole square-mile. they prevented the enforcement of the law in part of the city and riots are a common event in american history. according to will, every time a politician says something to encourage and support a riot they are going to be subject to being disqualified from running again by their political opponents who happened to be holding office. and did donald trump engaged? let's look at -

the money coming into small businesses versus the money they have two pay out especially regarding lobarhas been such a shortage which is meant they will have to offer higher wages. what is going on on that front? holly: not much. they still seem to be very challenged to find occupants for the open positions. we are still at 43% of small business owners reporting they have an open position. that is most prevalent in a few industries including construction, transportation and even retail. small business owners are still looking to feel -- fill those positions. they are increasing wages and compensation to try to do that as best they can. but, it is frustrating when they are looking at an environment of lost sales opportunities because they are not able to fully staff up. dani: we got a cpi report that has given the market a lot of cheer coming in ever so softer than expectations but enough to gear up the juice in terms of the market. in terms of small businesses, is this a positive or is some of the disinflation coming from a weaker consumer which is ultimately not good for small business

it is not a lobar. it is a high bar. we know the civil war was an insurrection or rebellion -- probably both -- because that is what the whole thing was about. and we know it was things like -- members of congress at the time adopting this describe the reach in the future as being for actions which are essentially the same level as the civil war. that is what we are looking at. to say that january 6 was like the u.s. civil war is, i think, a pretty tough pill to swallow. but note how broad that definition is. that would apply to every riot we have seen. think about seattle. it was a concerted, forcible resistance. they occupied a whole square-mile. they prevented the enforcement of the law in part of the city and riots are a common event in american history. according to will, every time a politician says something to encourage and support a riot they are going to be subject to being disqualified from running again by their political opponents who happened to be holding office. and did donald trump engaged? let's look at

haidi: instar contract to try to help us with this latest pmi readings this week which undershot a lobarc recovery, but our next guest says policymakers there are using the downturn to deflate bubbles and raise productivity. in contrast, the u.s. is doing the opposite. an independent economist joins us now. always happy to have you particularly when you have these great theses when it comes on what china is doing. you think leadership is taking advantage of a painful structural adjustment in the economy to be able to deflate these bubbles and make the changes that have been a long time coming? >> i think so. i think the chinese leadership to recognize the property bubble has to be deflated, and the chinese economy as to get over that, so short-term pain is ok. part of the economy is holding up. it is still growing. there are other hotspots. that will give you the confidence to go through the process. the key is not to revive the shadow banking system. recent data has created these huge bubbles in the shadow banking system and its deflating is painful. it will last for a few more years to

this has been a concern even as macy's outperformed from a lobar how much this is a story.her stories on the margins underperforming. tom: they are underperforming. it will be interesting to see. why don't you bring in mandeep singh? lisa: fair enough. there are a lot of people who don't care. did you see me as a panda rolling around after your comment? moving on. this question of consumer spending but also business spending. cisco shares lower after reporting worse than expected earnings. potentially the biggest losses in 18 months. mandeep, how much of this is a cisco specific story and how much of it is a broader entrenchment in business development, spending? mandeep: if you parse through the print, you can see cisco is more exposed to traditional networking, and right now, every enterprise wants to invest more around generative ai, where nvidia not only provides the gpu chips but also has working components, so i think the cisco print does throw into the fact that spending overall is decelerating, but clearly enterprises have picked out areas where they want to invest