mike rowe on growing jobs, the skilled worker shortage, and the state of the american economy. "power lunch" starts right now. >> materials and industrials have been the big laggards, and

mike rowe on growing jobs, the skilled worker shortage, and the state of the american economy. "power lunch" starts right now. >> materials and industrials have been the big laggards, and gold loses its shine prices falling to its lowest level in 17 months, and oil prices are down sharply as well. crude off in new york by more than 2%. we'll have more on what's taking that down straight ahead michelle >> thank you, bill i'm michelle car usa cabrera where he we begin with what's unfolding in turkey and its ripple effects argentina's central banks make a big hike in interest rates just 15 minutes ago benchmark rate, and the company is an eye-watering 45% keep in mind it had already been at 40% steve liesman said, no, we are not missing a zero the argentine peso had tumbled in response to a local corruption scandal and turkey's currency crisis. let's get to that. the turkish lira has stabilized. reproaching it -- no i spoke too soon there it is. breaking through the key level right now. several times again in the last 12 hours during asian and european trade as well turkey has bee

we get some more news from that vote in canberra caffie noveck reporting for us there we've got mike rowe for this now who's a lecturer in political science at the university of new south wales joining us on skype from sydney. who want to get straight in prime minister i know there are three people lining cells up at the moment but i mean it's just it's this extra kathy was just explain this extraordinary situation where prime minister is just do not last in office. in looking for the word three ring circus for the moment let's go next. well. that seems to be the words running at the moment and it's a continuous soap opera here look where you've got ambitious politicians you've got you get people who want to run for this lower highest office in the land and as kathy was saying we're a parliamentary democracy so we are idiots to count on not i personally and so that hasn't stopped scott morrison and julie bishop throw everything we know her hands to the ring against peter dutton because the prospect of him as prime minister for many liberals is a sure way to defeat yes so let's talk about

the only man to wear a hat in this head shot, mike rowe, america's blue-collar worker, a chance to doroadway in beautiful nashville, tennessee and end up at his bar. who would have thought? it is fun, i hope. watch it. i'm taking attendance. thank you. rob: i have walked down broadway in nashville. >> reporter: with john rich? rob: we will be right back. are we going to read this too? jillian: get out of jail free card. rob: i thought we were going. jillian: suspected no longer has to pay bail. how could you not want to bring in carly shimkus after the break? ♪ i'll never find a safe used car. start at the new carfax.com show me minivans with no reported accidents. boom. love it. [struggles] show me the carfax. start your used car search at the all-new carfax.com. jillian: welcome back. she wants to abolish ice, universal rent control. jillian: cynthia nixon says her debate room with andrew cuomo needs to be warmed up beforehand because cold rooms are sexist. a very interesting idea she has here for the big debate in new york with sitting governor andrew cuomo as he tries to take the

. >>> mike row soft said they have taking down an attempt to influence the mid-term elections by theere apparently going to use sites to mimic the u.s. senate. it tricks users into sharing their log-in information, allowing hackers to get into computer systems. microsoft said it's an indication that russia is stepping up their hacking efforts ahead of the mid-term elections. >>> the voice of the head -- the voice of roller derby and pro wrestler has died. >> he said walt, you're a wrestling announcer starting saturday. >> harris is one of ktvu's first employees. walt harris did a number of jobs here. directed giants games, produced sports, and received a number d and gold circles of the national academy of television art asks sciences. he was probably best known as the host of the certaindy indicated roller derby shows, and for calling pro wrestling matches. they'll be remembered for his golden voice a venerable member of the ktvu family. walt harris was 97 years old. >> oakland's chinatown is being highlighted by airbnb. we'll show you which businesses are being highlighted and why.

mike rowe. that's all ahead on "power lunch.e because the halftime report is back after this very short break. when my hot water heater failed, she was pregnant, in-laws were coming, a little bit of water, it really- it rocked our world. i had no idea the amount of damage that water could do. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they were on it. it was unbelievable. having insurance is something everyone needs, but having usaa- now that's a privilege. we're the baker's and we're usaa members for life. usaa. get your insurance quote today. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com when it might be time to buy or sell? with fidelity's real-time analytics, yo

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brian: just reminds me a little bit what ivanka was talking about and mike rowe talking about.kills and a career. we need plumbers and electricians. >> i don't know if you looked at your last plumbing bill or electric bill they get paid very well. so much of the electricians even get paid 6 figures. i'm not saying that they cannot take courses to have fun but at the end of the day they have got to look at the bottom line. not their emotions but what they do when they get in the workforce. brian: yale psychology and the good life. fascinating. skidmore the sociology of miley cyrus and oberlin how to win a beauty pageant. death in america, how will you die? there is uplifting class. >> i'm sure your life is not going to be good when you can't go into the workforce and find a job. you can have fun but look at the long-term strategy. like i said i love beyonce but if you want to learn her culture go to her concert. don't go into the classroom to learn about beyonce. brian: crazy courses in college. lawrence jones editor in chief. >> send us lots of tips when you see this crazy info

>> mike cohen had a front row seat to a lot that was happening in trump taurg durirump tower d campaignthat was the first time that i had heard that. the stuff about the trump tower meeting, about him knowing about the president having advance knowledge of the payments that he made. when i was on your show. i said to you the exact two things had come up in his initial interview with george stephanopoulos. and i said those aren't bread crumbs. those are loaves of bread. those are things that i know to be true that michael cohen had known. i had no advance knowledge of the hacking situation. would it surprise me a person like michael cohen who was in trump tower day in and day out and had almost daily access to the president during that time would know that kind of information? no. >> and it is your expectation, if he knows that information, he will happily provide that information to the special counsel provided that they want it? >> from everything that i know, everything that i know from where michael cohen is, state of mind, how he feels about the president and what he wants to do goi

you can see from that list of people that they're looking at to row reevoke their clearancese hayden. mike hayden, former director of the cia, former director of the nsa under republican administrations has been critical of the president. the only possible reason that mike hayden is on that list is because the president done like the criticism that he received from mike hayden. and then you have other people on the list that are in the president's mind somehow involved in the russia investigation like bruce ohr. that is i think the motivation here, both to go after critics and as a foreshadowing, i think to the folks on the mueller team that they also may have their security clearances revoked. it's a way for the president to shut down the mueller investigation by revoking the clearances of the prosecutors and the investigators. >> you've advised a president in time of war. the reason that former officials keep their security clearances is so they can do the same thing. when there is a threat -- admiral mcraven, for instance, who has been involved in in many dozens of raids, you might want

mike pompeo probably would not see chairman kim. he thought that was a snub and it would be the second time in a row that that would happen. he believed that, rightly, that north korea had not yet fully demonstrated that it was committed to this deal. so they said, mike, you're not going. >> and peter baker, we know that, first of all, mike pompeo does not announce a trip on camera unless he plans to be taking off and taking that trip. we also know that the president has canceled a summit before with kim jong-un and then put it back on. so we should all kind of hold our breath. but this is the first acknowledgment by the president, not by his intelligence community, but by the president that what was promised in singapore has not come to fruition and that the last two meetings that pompeo had with his north korean counterpart did not go well. >> well, that's exactly right. of course, these things are all mixed together. we're talking about trade, nuclear diplomacy. in the case of north korea, they're mixed because he's at war with china over trade, over these tariffs he's imposed on them. he wants them to help pressure nort

and mike santoli >>> coming up, the nasdaq looking for its seventh positive session in a row our july'sarnings stumbles in the rear-view mirror >>> and snap pop and drop upped fractionally we'll have a lot more on that next on "squawk alley. you always pay your insurance on time. tap one little bumper and up go your rates. what good is your insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪ >>> shares of snap tumbling big down 6% as snapchat's user bas declined for the first time. evan spiegel attributing that to the redesign of the app. the company did, however, post a smaller second quarter loss and the revenue beat bret is from jeffreys and aaron is here as well. aaron, what is happening with the big picture here with facebook, we saw the core app, disappointing user growth, twitter, there's user concerns t

mike embley. our top stories: the imf promises new support for argentina and crisis talks as the economy slumps to a new low. russia rows back on controversial pension reforms. public pressure forces vladimir putin to think again. air canada suffers a massive data breach. thousands of customers‘ personal details are thought compromised. the president, the prayer meeting, and the plea for support. are american evangelical christians the key to november's mid—term elections? and reasons to be cheerful. why goats prefer people with happy faces. hello to you. argentina's government, facing a growing economic crisis, has asked for the early release of a $50 billion international bailout. in a televised address, the president said quicker access to funds from the international monetary fund would restore market confidence. the head of the imf has said its economists will act swiftly but it's a tough call for argentinians, many have bad memories of past imf interventions in earlier crises. lebo diseko reports. this is an announcement that argentina's president probably didn't want to make, explaining that he was asking for the

mike embley. our top stories: the imf promises new support for argentina and crisis talks as the economy slumps to a new low. russia rowsmir putin to think again. air canada suffers a massive data breach. thousands of customers‘ personal details are thought compromised. the president, the prayer meeting, and the plea for support. are american evangelical christians the key to november's mid—term elections? and reasons to be cheerful. why goats prefer people with happy faces.

mike embley. our top stories: the imf promises new support for argentina, and crisis talks, as the economy slumps to a new low. russia rowsr canada suffers a massive data breach. thousands of customers' personal details are thought compromised. the president, the prayer meeting, and the plea for support. are american evangelical christians the key to november's mid—term elections? and reasons to be cheerful. why goats prefer people with happy faces.

row. >> thank you. howard with the christian science monitor. mike i'd like to ask you, , you said at the end that he welcomed some on the american left seem to be getting this now, that russia's influence and its attempts at influencing here. but that seems to be happening at a time when some on the right and some self-identified republicans in paul's seem to be going the other way. they might say, polls where pertinent is growing popularity. recently there was a poll showing that it still small but double-digit percentage of republicans said that they would welcome russian influence in elections, if it was on the right side in the right direction. so wondering why do you think that's happening and what can be done by what should be done to kind of get that in the bud? >> you know, being somewhat wry, welcoming the left to the threat that russia represents under putin, but obviously him and i don't know what people say to tell pollsters things they say. when i as carpal stricken by wife said where doing that? just why are you talking to pollster? yo

ashley: secretary of state mike pompeo not to visit north korea this weekend as planned. what does that mean for the big effort to get the rowingto end its nuclear weapons program? we'll discuss that next. ♪ copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. anoro is not for asthma. it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. these may worsen with anoro. call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. ask your doctor about anoro. ♪ go your own way get your first prescript

row has broken out between the u.s. and pakistan's new government the two countries disagree over what's being said in a phone call between pakistan's prime minister imran khan and u.s. secretary of state mike pump a.o. washington says it stands behind its earlier statement but pompei was specifically discussed terrorism islamabad says that didn't happen iraq comes ahead of a planned visit by pompei o to islamabad in the first week of september. jaimie we need to understand the desires of the united states and they need to understand ours it is not a unilateral relationship these are bilateral times in a relationship that is bilateral and in which the objective is common you do have to understand each other we will not just understand them but we will also make them understand. and investigation into the u.s. state of arizona has found the border patrol has been under reporting the number of migrant deaths for years that it is being used to help identify people who've died trying to cross the us mexico border and gallacher has more from tucson. north will hit these sites for years overall enciso has been scaring the sonoran desert with one goal in mind the colombian born artist wants to exp

row has broken out between the u.s. and pakistan's new government the two countries disagree over what's being said in a phone call between pakistan's prime minister imran khan and u.s. secretary of state mike pompei o washington says it stands behind it's only a statement pompeo specifically discussed terrorism islam about said that didn't happen coming up next it's witness by from the. come. let us. live. lives. such luck . layer. the layer. plain. luck or or . political will of a. window. or case. you don't do is often the plunder you know which will some go to war he doesn't want to be familiar. again and then took over us with the. common job i was hooked on no have to hunker down on something that doesn't want. you heard it will have big one but would you go. ah plus have you seen the. my dad and. some to little wonder pollution down there you mocha missing the cut you mom had just shown you watching the program was munder guess that. really tough to get to the turn off. moment i could say on my time. i. want to come to camilla caught in the tree yonder get. on or leave. this is initially. because he was in his interest you meant to see george lucas come. forces in and you look at sar

mike santoli from the new york stock exchange and carl has the morning off. rally mod second day in a rowird of one percent and nasdaq is leading, haven't seen that in a few sessions, up .60 the dollar is lower. our road map for the hour begins with president trump renewing criticism of the federal reserve. what if anything could derail this rosecord rally. >> j.p. morgan getting ready to launch a new brokerage app with an appealing price tag, it's free what it means for th competition straight ahead. >>> auto parts maker in the cross hairs of the trade war we'll take you live to michigan for that story. >> president trump criticizing the fed in an interview this time with reuters, which is weighing on the u.s. dollar this morning, throwing cold water on trade negotiations this week despite it, the record rally in stocks rolls on. 113 months of the bull market. the value of u.s. stocks has tripled and record levels of corporate bonds sales. one group largely left out though, the banks and mike, this is the theme you're looking at today with news out of jp morgan, certainly playing in the

mike pompeo. there is a widening gulf between ofe pompeo's descriptions denuclearization talks and north korea's. the second year in a rowng the largest wildfire in its history. the twin fire system north of san francisco has burned 75 homes and more than 4400 square miles of land. the trump administration says the judge who approved at&t's takeover of time warner ignored common sense. the justice department is trying to reverse the takeover. ignorede said it factors of the takeover. and salest profit forecasts. it is struggling in the u.s. and china. it has lost almost half of its market value since the start of the year. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am kailey leinz. this is bloomberg. francine: thank you so much. its focus on the bank of england , and governor mark carney did not rule out hiking interest rates again. the boe raised rates for only the second time since the financial crisis, citing the need to temper growing amid fresh pressures. critics say the backup is not strong enough to warrant the increas

this is all after a worsening diplomatic row with the us prompted market turmoil in the country. mike0 million. bayer completed its takeover of monsanto in june. monsanto denies the cancer link and says it will appeal. it seems, ben, that whatever turkey says, the lira continues to fall? yes, investors seem unconvinced by the rather defiant talk coming out of ankara. turkey's president talks about his country not being defeated by what he calls "economic war". but the turkish currency has fallen further today. this is after it fell on friday when president trump doubled tariffs on metal imports to the us from turkey. various reasons for that — partly because turkey had retaliated to the initial import tariffs, and partly over a row about a detained american preacher in turkey. the turkish central bank has promised it will give commercial banks all the liquidity, the cash, they need, but that hasn't calmed the nerves of investors. it's having an impact on travel company shares — we'll get more on that shortly. it's been a tough time for the high street, hasn't it? it normally benefits

row. i think when sarah sanders begins to take questions here in the briefing room, she is going to be asked about what president trump's daughter ivanka trump said earlier this morning with mike allen. that is not only the president's daughter disagreeing with the president of the united states, it is an employee who works under the president. the president doesn't usually take too kindly to his subordinates going in another direction. so when ivanka trump says, no, the media are not the enemy of the people, i think that's very interesting. i suppose sarah sanders will be asked about that. at the same time, there are all kinds of other weighty issues about what rudy giuliani said yesterday with respect to the president and these legal options that they're apparently weighing behind the scenes, as to whether or not the president will sit down with robert mueller's team and answer questions about some of these areas they want to cover as we've been reporting. the mueller team is floating the possibility of whittling down some of these questions in order to entice the president's cooperation. i can tell you from talking to my own sources, sources that are familiar with these dis

in a row social media company saying average daily user numbers fell 2% from last quarter to 188 million. saudi prince showing support for snap nungs a $250 million stake in the company down 7%. mike that fall in the users versus the revenue guidance and the pickup in revenue. people focusing on falling users. >> absolutely. the idea they now disclose monthly users seems like way of diverting attention from the decline in daily users it came out with a high initial valuation that it still suffers from that. still $15 billion in market value. still seems on a relative basis to be losing digital ad share and eye ball hour market share to the rest of social media. mostly to facebook so i don't know the story has changed that much and the big question longer term does it have a place in there in this digital ad market. will advertisers find novel ways to employ this platform over others >> are you taking your investment accuse from the prince -- cues from the prince? >> not by following him into snap it's the same concerns we would host relative to pros effects for the company going forward. u user base is the key metric. what do they have to offer and as a consequence, the data point