>> are you -- >> mark zandy -- >> big democrat. >> didn't mark zandy also work finish the obama administration? didn't he help outline the stimulus package? listen -- >> you think that means he can't count? >> no, but remember, lies, lies -- >> i think you should go with a nonpartisan -- >> fine. look at the tax foundation site. it's incredibly interesting. has everybody's plan up this. everyone should look. you can see the tax brackets and all of that. >> we've got to go. >> okay, bye. >> i told you so. we'll reveal the brand-new examples of how iran is thanking us for freeing up all that cash. >>> imagine being smacked in the face 1.7 billion times. that's what iran seems to be doing to us as we give them $1.7 billion as part of the iran nuclear deal. not only did the state department just admit the first $400 million in cash was held until the four u.s. prisoners were freed, now we're learning iran is letting madison fighter jets use its air bases to bomb syrian rebels, some of whom the u.s. is supporting. then word there are now 100,000 iranian-backed soldiers in iraq. wait, there's more.

>> are you -- >> mark zandy -- >> big democrat. >> didn't mark zandy also work finish the obama administration? didn't he help outline the stimulus package? listen -- >> you think that means he can't count? >> no, but remember, lies, lies -- >> i think you should go with a nonpartisan -- >> fine. look at the tax foundation site. it's incredibly interesting. has everybody's plan up this. everyone should look. you can see the tax brackets and all of that. >> we've got to go. >> okay, bye. >> i told you so. we'll reveal the brand-new examples of how iran is thanking us for freeing up all that cash. to folks out there whose diabetic nerve pain... shoots and burns its way into your day, i hear you. to everyone with this pain that makes ordinary tasks extraordinarily painful, i hear you. make sure your doctor hears you too! i hear you because i was there when my dad suffered with diabetic nerve pain. if you have diabetes and burning, shooting pain in your feet or hands, don't suffer in silence! step on up and ask your doctor about diabetic nerve pain. tell 'em cedric sent you. i wodon't know where i

>> are you -- >> mark zandy -- >> big democrat. >> didn't mark zandy also work finish the obama administration? didn't he help outline the stimulus package? listen -- >> you think that means he can't count? >> no, but remember, lies, lies -- >> i think you should go with a nonpartisan -- >> fine. look at the tax foundation site. it's incredibly interesting. has everybody's plan up this. everyone should look. you can see the tax brackets and all of that. >> we've got to go. >> okay, bye. >> i told you so. we'll reveal the brand-new examples of how iran is thanking us for freeing up all that cash. . we'll reveal the brand-new examples of how iran is thanking us for freeing up all that cash. ♪ is depression more than sadness? ♪ it's a tangle of multiple symptoms. ♪ ♪ trintellix (vortioxetine) is a prescription medicine for depression. trintellix may start to untangle or help improve the multiple symptoms of depression. for me, trintellix made a difference. tell your healthcare professional right away if your depression worsens, or you have unusual chan behavior or thoughts of suicide. antidepress

i'm joined by chief economist mark zandi. mark, thanks very much for joining us. >> thank you, wolf. >> what's your biggest criticism of the lengthy plan that donald trump just released? >> well, there's some stuff in it that i like and don't like. you know, i do think -- i'm sympathetic to the idea that if you lower marginal rates on businesses, individuals, you get more saving, all good but you have to pay for it. maybe we get a lot more growth. maybe. you about i don't think that's prudent to count on it. what i would do is say, okay, let's have a plan that is deficit neutral, in a static sense, not counting on growth. and if we get the extra growth, great, and then we can have more tax cuts. otherwise, the literature is pretty mixed, if you're wrong and don't get the growth you expect, we end up with very large deficit and debt and we can't afford that. it's not prudent to go down a path that we're unsure of. >> what if you get 4% growth as suggested, they think their plan will result in 4% growth. will that eliminate more

be clear, poppy, are you referring to the study done by -- that -- >> let me finish -- >> and mark zandy'slet me finish my question to you. >> well, that was a hit right off the bat. >> let me finish what i was going to say, mark zandy contributed to her campaign and also advised john mccain. and it's not just him. it's a team of economists at moody. so given that will the plan we hear from trump be different tomorrow? >> let's focus on the plan. this is in the spirit of the olympics. it's a gold medal plan that is going to knock it out of the park. it will announce the most -- biggest revolution since the reagan revolution in the '80s. it will cover energy, regulatory reform, taxes and trade. and the whole port of this is to get us back to double our growth rate, which we enjoyed prior to the major trade deals that hillary clinton helped enter into in terms of nafta, and china, and south korea and the fta. so this will be a comprehensive plan creating millions of jobs for american workers. it will create trillions of dollars over decades so that we can pay for infrastructure, medicare, so

moody's chief economist mark zandi joins us next. good morning, everyone.erera, your cnbc news update. the defense department releasing video of recent air strikes on isis targets in syria conducted july 26th in northern syria. the strikes came as u.s. backed forces were trying to oust militants from the city. >>> a wave of coordinated explosions rocked multiple cities in thailand overnight and this morning killing several people and wounding dozens mor . thai police say they were local sabotage not linked to terrorist groups. vladimir putin replacing chief of staff sergei ivanov in the high-profile reshuffle in the kremlin in years despite the clear appearance that ivanov was forced out putin insists he was making the move at ivanov's request. the deep fried twinkie jumping from the state fair to the home freezer market. hosest launching the product, its first foreray into frozen foods with a box of 7 for $4.76 for the first three months they will only be available at walmart. i don't know. that's the news update. sara, your neck of the woods because you f

suggesting that she is one to create more jobs if she is elected. >> and 10 million jobs is the mark zandi'snalysis. and now, talk about tim kaine and he spoke in richmond earlier, and what was senator cain -- senator kaine's message? >> well, there is no much bess over khizr khan, and the father who was at the democratic national convention, and this is what he said. >> there is no way to speak disrespectfully about a military and gold star mom and dad or people with disabilities or offensive things about women or trashing poorer latinos or immigrants in general, and we are either going to be building a community that is a more perfect union and a community of respect, and we are going to decide to do what has been done throughout american history, but never to our advantage. >> and virginia is a very important state for both of the candidates and the democrats and the republicans, and donald trump also headed there this week as well, christine. >> and joe johns, fascinating day on the campaign trail, what is next? what could push jeb bush's former top adviser out of the the republican part

mark zandi, we will revisit this. thank you. chief economist at moody's analytics. to get back to the markets desk though. julie hyman has a breaking news on wti. yeah, this is something that goes hand-in-hand with what we were just discussing. oil has technically reentered a bear market. you see here the intraday declines we have been seeing in oil prices. the longer-term the klein's 22%, 21.75% to be exact. david: julie, thank you so much. let's check the headlines for bloomberg first word news. mark? vonnie, quarter gov. rick scott says there are 10 new cases of the zika virus likely transmitted by mosquitoes. those cases are clustered in the same square-mile neighborhood identified last week in miami-dade. thes believed that transmissions are only happening in that area. president obama says no one has done more for american freedom and security than the families of those servicemen and women who have died for their country. during his speech to the association of disabled american veterans, he criticized donald trump, saying the u.s. must do everything it can t

what she did was use a study by mark zandi. he have a cup of coffee with mccain. no one said he was a major advisor. they had been playing this game for eight years now. obama always trots this guy out. the jobs was can happen with clinton is we are to have massive can have massive tax increases a government run type of change in style and policy and were not going to be able to deal with the trade issue. what donald trump is gonna do is double our gdp growth rate and create millions more jobs in the analysis that she is quoted as garbage and sand garbage out. he made a bunch of false assumptions about tax policy and trade policy and came up with gloom and doom for truck. it's bad economics. he got big applause today speaking to the national association of homebuilders because he really struck an important tone there are couple of massive home builders. he certainly was speaking to a lot of the smaller homebuilders around america and he was saying let me take the regulation. they are all over a% here. he also said homeownership is very low right now. wasn't was a

viewed this plan and have come back with what it will ultimately mean for the economy, including mark zandi. >> i want to start with your overall assessment, which is vision. i think wall street is ready to go beyond vision. i think wall street is ready for numbers. we don't have the numbers. what we have has been dissatisfying. we have both the tax foundation and zandi from moodys.com, assessing the cost this at $10 trillion. they come to two different conclusions about the benefits. zandi says recession is the result of this plan. tax foundation says more growth, more jobs, still a very large deficit. and part of the difference in the conclusion las to do with the lack of numbers and specificity. we don't know, for example, about this issue of him doubling the infrastructure spending. larry kudlow on "squawk box" said he's going to roll that back, tweaking. now expectation of detail to more vision, more outline, for whatever you want to call t. john harwood does that mean we're not going to get the kind of numbers that steve liesman and the economists and maybe some on wall street want to

keep in mind, moody assess an independent research group but the lead author of that report is mark zandyser to former presidential candidate john mccain. >>> a quick tleek stock market. we're seeing dow futures flat. finishing slightly higher yesterday. stock markets in europe and asia closing with modest losses. and oil prices down. the nasdaq goes to its highest level of all time, following a rise yet. the index actually up 4% on the year. this is really an incredible recovery after we saw the nasdaq take a 10% hit at the beginning of the year. with corporate earnings season coming to a close analysts are saying you know what, they don't expect any major swings in the market anytime soon. but they do see stocks continue to set record if the u.s. economy stays on course. the dow is less than 100 points away from a fresh record high. the s&p 500 needs small begins to get there as well. >>> gas prices are going to be dropping below $2 a gallon this fall and stay there for winter. that's the new forecast from the u.s. energy department. the drop is mostly because of the prolonged slump in

the result, according to mark zandy who was the economic adviser to john mccain during his 2008 run for presidency, the result of trump's plans would be a lengthy recession with 3.4 million jobs lost. now of course donald trump's problems go far beyond economics. at every turn, he stokes division and resentment. he says horrible things about one group of americans after another. he's harkening back to the most shameful chapters of our history and appealing to the ugliest impulses of our society. you know the list, you've reported on it. he started this campaign by describing mexican immigrants as criminals and rapists. he retweets white nationalists. he says a distinguished federal judge can't be trusted because he is of mexican heritage. he talks about banning muslims from coming to the united states a land built on religious freedom. and yes, he also talking about curtailing press freedom as well. we need to stand up as a country and say in a donald trump doesn't represent who we are and what we believe. that is what my campaign, what tim kaine and i and everyone supporting us is doin

that proposal will cost millions of american jobs, pointing to a study that was done by economist mark zandiristen welker on the road with the clinton campaign in orlando. thank you very much. >>> joining me right now, cristina and cory shockey. cristina, deputy commissions director for hillary for america. a democrat. >> yes. >> her sister, cory, is a former defense strategy adviser to president george w. bush, currently a professor at the u.s. military academy at west point, a republican. yesterday was national sisters day, cory. and i understand also your birthday. so happy birthday, first of all. belatedly. >> thank you. >> and we're about to have a pretty epic sisters moment here. because these two have aligned. cory, you're now voting for hillary clinton. >> yes, but only with deep reservations. because i think donald trump is a genuine danger to the country. >> so let me ask you, cristina about the donald trump, you know, effect that's been taking place for a lot of americans in this country right now. he had a tough week clearly of his own making. secretary clinton kind of able to ca

they point to a report by mark zandi, which shows his economic policies would actually cost about 3 million so i think we're going to hear a lot of that today, kate. but look, secretary clinton is also going to be visiting that health center, as you pointed out, in miami, that treats zika patients. she is going to call on congress to pass zika fundinging that would go toward research, as well as treatment, finding a vaccine. she is going to hit republicans hard. they're already counter punching, saying, look, it's democrats holding up this legislation. that is true, to some extent. democrats saying that they're not going to get on board with the current legislation that is pending, because it would call for controversial cuts to planned parenthood. they're saying get the politics out of it and pass a straight funding bill, kate. >> kristen, chuck todd reported on "meet the press" funding about arizona and george, states that aren't -- haven't been democratic plays for a while. what more do we know about that today? >> reporter: we know that last night, according to a democratic official, th

well, it is mark zandi, who supports hillary clinton, has given her campaign contribution. that, wrote a glowing report saying that barack obama's stimulus bill would solve all of our problems immediately. he could have gone straight back at her, rather than talking about the 50 republicans, he could have gone back at her, she quotes approvingly a guy critical of me, who said barack obama's stimulus spending program would solve all of our programs and obviously didn't. that is the argument he want to be making -- bill: he would say, i'm filling up rooms across the country from people who are tired of those ways. so in effect plays to his advantage. go on that. >> you know what? i'm not certain that it does. you know, they are for him. they're not against other people. if you said to people, do you oppose the people who stood with bush on the iraq war, i best most of those people would say, no, no. i like donald trump what he says he is going to do, not criticism of what republicans have done in the past. maybe i'm wrong on this true, have an argument with 50 republican fore

enormous tax cut which independent analysts say will cost $10 trillion, would blow up the debt, which mark zandicause a deep recession, would cause the economy to lose 3.5 million jobs. so i don't think there's anything in here that will help the economy. i think it would cause deep problems and make our problems worse which are real problems but there's nothing in here which would make life for middle-class workers or lower income families better off. >> barry, you're laughing and shaking your head. why? >> they're concerned about the debt now, that's fantastic. unfortunately it's eight years too late. they doubled it. this is ridiculous. the obama policies have failed? >> go ahead, alan, respond that. >> the deficit has come down under president obama. the deficit is now under 3% of gdp. >> the debt hasn't. don't answer around the issue. de the debt has not come down. >> look, when president obama came into office he inherited a trillion dollar deficit because -- and >> and he repeated it seven years in a row. >> we've had the deficit come down and we're in a stronger economic position. >> thi

mark zandi with moody's -- connell: what are they so worried about?talks about a $10 trillion increase in the deficit towards the debt by virtue of his tax policies. we're looking at something that's going to question fiscal stability. he's talking about ripping up all the trade agreements that the u.s. entered into. >> that's outrageous. >> hold on a second, mercedes. connell: it's more mainstream. >> not more mainstream, every economist, the chamber of commerce is dead set against mitt romnes policies because they know ripping up the trade would rip up the economy. connell: it's trump's policies. >> this is like the brexit panic. britain leaving the european union and cause a recession. as we're seeing the uk, it's not likely going to cause a recession. here's the deal. when you have the citigroup economists make the outrageous statement that trump's economic plan if elected president would cause a global recession. it's very irresponsible. you looked at economic -- connell: stop for one second, mercedes, they think the market would be uncertain, wh

that's mark zandi, republican advisor to john mccain.d talk about his demeaning rhetoric -- >> also donor to the clinton camp. to be clear. >> -- can say all kinds of demeaning rhetoric about other people in this country simply because of sexual orientation, race, color, creed, religion. i just don't think we ought to be joining in and stooping to that level by joining in this debasing of the american experience where we are now losing what it is to be americans in this debate, where we debate issues, we debate ideas, and instead we become no better than the person we're attacking in donald trump by being schoolyard bullies and calling people names. i just don't think it enhances what we want for our country, especially if what we want from our country is more than what donald trump is offering. why we would ever adopt his mode of attack and use it against him, i only think it reflects poorly on ourselves for those of us who do not want to end up becoming part of his whole, you know, spiel of demeaning other people to get ahead, winners

at independent economists, people who -- some members of trump's team have really liked before, mark zandi looked at trump's plan and said that it would create a loss of over 3 million jobs. and hillary clinton's plan would gain 10 million jobs over the first term. so i think, you know, the reality here is taking a risk on a proposal which really does balloon massively the deficit at a time where so many conservatives said that's the challenge seems a little odd to me. >> let's see what people think. thank you for joining us today. >> great to be here. >> all right. >>> meanwhile, coming up on a friday, he was a pottery barn employee with dreams of opening up for kenny chesney and then kenny chesney came into the store. what happened? justin moore will tell us about his unlikely rise to country stardom next. she spent summer binge-watching. soon, she'll be binge-studying. get back to great. this week sharpie singles now twenty-five cents. office depot officemax. gear up for school. gear up for great. ... 83% try to eat healthy. yet up 90% fall short in getting key nutrients from food alone

joining us is mark zandi from moody's analytics. and 178,000, what does that tell us?et's fine. job growth has slowed from where we were a year ago, two years ago. so underlying job growth distracting from the ups and downs in the data about 150 to 200k. which is good. that's double the rate of growth we need to absorb the working age population. and that means unemployment will continue to decline. it's a good number. >> if we are to try to extrapolate something for what to expect from friday's government jobs report, what would this 179,000 on adp translate to once you add in the government factors? >> well, the government's adding about 10k per month. so you took literal interpretation of adp, you take the 179, add 10. so 189,000. that's a good estimate for friday. >> tell us the concerns from a month ago were completely overblown. that things are chugging along and the trend is moving in the right direction. >> yeah. you know, as you mentioned two months ago we had a bad number. last month we got a really good number. both overstated the case. you know, it's just t