benefits us more than that 50/50 is not what the president is looking for let's send it over to mike santellioard of the day what do you got, mike? >> i have a mold jolt. that would be the jobs earnings, that the labor of bureaus and statistics puts out this morning. the labor market, still 7 million jobs open in the country. that still exceeds the number of unemployed people. so, that's clearly a pretty strong state of affairs. however, you don't have to squint too hard to see this number, having rolled overpronod normally, you'd see fewer job openings but it kind of rolling over i will say people are concerned because that's the way it looked before the last recession. and, obviously, this survey began right there, i think in the year 2000. that was another peak. however, the good news, and we keep pointing to this, right, the 2016 slowdown, near recession, whatever we want to call it, we did see year-over year declines the way we are seeing right now, at least a pullback so we have to watch this to see the drop market which is a strong core of all of the macro data gives way >>> thank you,

dan, tracie and mike >>> first, rick santelli, what's on your mind >> a lot of movement in the marketplaceas today's service sector ism we'll look at that with the motion of how confidence may figure into current reads on the isms after the break what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade >>> let's get to rick santelli for the santelli exchange. >> hi, carl. it has been a wild week. isms have always been popular on trading floors, i have been on trading floors a long time manufacturing, ism, always a market favorite. service sector, really something we paid more attention to since the credit crisis, shouldn't

with the santelli exchange. >> hi, mike, thank yourecently interviewed with cnbc and my buddy, larry kudlow, about an advisory role in the administration on the economic side, so i think you're just the person with china's talks coming around tomorrow, one question nobody asks, if you look at the talks as circular, when do we start moving now to a place where china becomes less important and we recalibrate around china? it's been 19 months now. >> right you know the tariffs when they go in have a negative reeseffect right at the beginning so if we can get to the point where we have a time-out, then the economy can start to get better. i think actually the other important thing going on in china has been their tightening of shadow financing which has obliterated their car market which started the whole global manufacturing slump in the first place. >> now, yesterday jay powell, and i like jay powell. i think he has an impossible job. but he definitely protested a bit too much this is not qe, in no sense qe i tdon't know, a rose by any

has the santelli exchange >> good morning. thanks, mikearrangement thus far you look at imf, moved to 3% for 2019 the u.s. from 2.6 to 2.4 and for the eu, 1.3 to 1.2 your thoughts on stage one and how it may impact the trend of the forecasts we see coming from many places slowing down, including the imf. >> first of all, stage one was positive to a degree, but we don't know how positive because we don't know what the details are. and in trade, having been a trade negotiator, the devil is in the details we don't really know how much china will buy in terms of agricultural goods and also even though october 15, today's tariff increases have been put on hold, we don't know what's going to happen in december when a new round of tariff increases threatens. while this agreement to the extent we understand it has given markets a boost, it has not eliminated uncertainty that the business and trade community have been troubled by, which put a lot of investment and trade decisions on hold. we don't know what's going to happen on tariffs or a wide ra

mike. of course, two minutes left to go let's send it over to rick santelli for a check on bonds.ick. >> hi. indeed stock market, treasury market was pretty much the same ten-year note yields slipping from four-week highs, looking at a chart beginning in september we're still holding most of the gains. europe is just outpacing us to the upside in rates. foreign exchange, dollar index, seven-week lows. it's doing much better against the yen than the pound you see the pound, worse levels since may. you see the yen, best levels since may. bertha, just like treasuries, slip from four-week highs and you're the leader at the nasdaq today. >> tech driven, particularly third worst daily decline ever following analyst day. less concerned about the slower cycle to close on some of its accounts meantime, shifts also retreat from their all-time highs yesterday. as & l was one of those yesterday. earnings mixed, little shy on the top line nonetheless not as big a drop. meantime j.b. hunt is the earnings winner, despite the fact that it, too, had mixed results but did point out that it does see

. >> thank you, mike we got just two minutes left to go let's sends it over to rick santelli who hasor us on the bond market from you look at 24 hour charts you get an idea the breadth of the move today and over the last several sessions we're now down look at the two year, down eight basis points, hovering at the lows of 152. one basis point off the 168 yield low. remember when yields go down prices go up we're flattening on the bullish side the fed may be behind the curve. dollar index down almost 2%. what's not down for the month is the nasdaq we go bertha coombs. >> reporter: the nasdaq 100 is the big performer up 4%. big reason why is apple's big snap back up to record highs apple providing about 1/3 of the point impact that's about as much as microsoft, intel, facebook and nvidia combined. we wau western digital the worst performer. bob, over to you >>> off the loss but a disappointing last day of the month. still pretty good month. s&p up 2%. remember this is the month where a lot of blow ups have happened in the past. that did not happen. good month for banks good month for t

treatment once again mike isaac's book super pumped, the battle for uber will be developed into a limited series for showtime that was a good book >>> to the bond market now, rick santelli is tracking the action. >> the fed, every time the stock market gets week, they seem to be leaning more toward easy. the linkage is about stocks than bonds. look at a two-day shart forethem actually look at the right side compared to the left. highest yields going back to the end of july. now, look at u.s. ten-year, we're down two basis points on the day. steepening out toward 16 basis points look at a two-year note yield, they're down four basis points on the day short and not performing well. the dollar index, the worst of the four due date charts you can see we've been down about 4 out of the last five days we're about to test 98 even. lowest levels in seven weeks kelly, back to you >> thanks very much. >>> the biggest story in sports right now is the nba's kerfuffle in china the nhl is trying to bring its sport to china we're going to ask gary bettman how he'd handle that if the gm of a hockey team made that tweet. you should be mad that this is your daily commute. you should be m