i'm demarco morgan. nearly 24 hours after an airline ground worker stole a plane - and crashed it - his motives are not known. 29-year-old richard russell took off last night from the seattle-tacoma airport and was seen performing dangerous maneuvers in the sky. over the radio, russell called himself "a broken guy." he worried about his fuel level and wondered if he would be sent to jail. military jets trailed the plane before it crashed into an island. the rogue flier was killed. here's jamie yuccas. >> reporter: this amateur video, taken in washington state friday night, shows how the horizon air turbo prop plane -- known as a q400 -- inverts in mid-air, then drops down. it nearly hits the water. the 76 seat bombardier was stolen around 8 p.m. -- then piloted by a horizon airlines employee, richard russell -- whose job should have kept him on the ground. brad tilden is ceo of alaska air group: >> he worked his shift yesterday, we believe he was in uniform, his job is to be around airplanes. >> reporter

>> morgan: jeb.didn't end well. >> greg: there were a lot of people on fox were on the other side. i was watching the coverage on cnn and going overseas expatriate matches just cnn but msnbc. "morning joe" should've been morning trump. unlike "fox & friends." i love "fox & friends." i am up morning. jason. is it good to get personal? >> jason: when i came into congress in 2008, when i got to the end, the lack of objective media. i have seen how have the -- how they have change the rules. things they wouldn't cover under barack obama they now want to cover incessantly with donald trump. they have totally flipped the equation. to be, in a contrived way, actually advocating this is what we need to do so we can all get together on the same page, it is so contrived. there are very few media outlets that i really trust. when you want to read the paper in the morning, i think "the wall street journal" gives the fairest, straightest objective viewpoint. gone are the days of "the new york times" or someone li

yes, goldman sachs, morgan stanley. morgan has typically advised in certain areas for tesla. has underwritten a number of their raises in the past they'll be there it doesn't mean they'll get anything done. don't read too much into it. >> that's what people are doing. reading a lot into it. they're saying, look, these firms will be involved they're going to find money. try to figure out any number of different structures that somehow can do this. but when you read musk's letter where he sort of outlined his views beyond that initial tweets, he's talking about, what, two-thirds of the current shareholders deciding to -- where did he come up with that >> i think that one of the things we found out -- >> decide to go public. >> however he is, a man who defies the odds oftentimes and there are going to be any number of banks that want to try to help them do that so okay most likely morgan stanley got hired along with somebody else. it doesn't mean they're doing much or going to be successful why not give it a shot. >> we haven't talked about amazon amazon was supposed to destroy

it was the big day for the pilot in training, mckenzie morgan. if successful, she'der her pilot's license. even her flight training could not prepare her for the fight for survival she'd face on the ground. here is keith morrison with "into the wild." >> there are places in the american west that, quite rightly, inspire fear, along with awe. like the wild haunts of grizzlies in wyoming's absaroka mountains. like the overconfident heart of a precocious teenage girl. like the terrified love of a parent when the girl is gone. >> you have no control. you're in god's hands, so to speak. i mean, it was miserable. >> but her? nobody thought it would happen to mckenzie morgan. >> you're just quiet. because there's not a thing that we can do. >> to mckenzie's parents steve and kristy, she was always exceptional, their super-girl. kenzie's the type of kid that started reading at two, two and a half, was speaking in sentences at a year and a half. she excelled in school. threw a wicked curveball. and had a sixth sense for the outdoors developed elk hunting

morgan >> thanks.e some of the parts right here >> here's a door >> props, yeah have had he already started to lay-workers or furlow anybody even though they have been able to raise prices, but right now is this all the uncertainties growing? >> they have been able to raise prices they've been passing it on to their customers. tler able to lock in a better deal for those switching customers are too high over time they may feel more inclined >> leslie, thanks. >> joining us from the factory floor there in holland, michigan let's talk more about the trade tensions and the latest out of d.c. let's bring in eric cantor, former republican house majority leader and vice chairman of molis and company. good to have you here, sir >> good to be with you, and i want to congratulate you i heard the announcement on "squawk box" this morning and wish you a lot of luck >> thank you very much if you don't know what he is talking about, i'm joining the board of a financial services company in september, and i'm very ex

morgan, and invest and that to me is j.p.> health care is a classic, defensive play. >> yes. >> in most cases and you picked unitedheale'care. >> and are all weather type of stocksnd whether we go through a session which i hope is not in the cards, that's a ayn stock. it 2% dividend and also has great management and they could al, hint, hint, raise the earnings per share versus what they're paying out to shareholders. >> that sector, though, nafht r night we seem to be doing stories how health care isal changing andng about the pharmacy benefit managers or the insurance companies.re yo not worried about investing in that particular sector right now or is the united sector unique? >> if you look at the report, and they guided higher. so the companies le j.p. morgan i just mentioned or any of those types of companies, see what they just reported and what they're saying and both are positive. >> ken mahoney, always good see you. thanks for joining us tonight. >> coming up, honda's new pit crew. >> why are automakers like honda g

morgan para rechazar la detenciÓn de inmigrantes indocumentados en prisiones privadas.iene detalles. >> la evidencia es clara. blanca: es la recreaciÓn de un tribunal en que los jueces son niÑos que sientan en el banquillo de acusados al presidente ejecutivo j.p. morgan, como responsable de financiar a las dos empresas de prisiones privadas para inmigrantes mÁs grandes del paÍs. >> estÁ haciendo prÉstamos a compaÑÍas que trabajan en cÁrceles para inmigrantes. estÁ promocionando el odio que viene desde la casa blanca. blanca: en el interrogatorio, los jueces preguntaban a los acusados cÓmo respondÍan a las acusaciones de maltrato en los centros de detenciÓn. >> damos un montÓn de dinero, pero no vemos problema con lo que hacemos. blanca: son patrocinadores del odio, decÍan a las afuera de las oficinas centrales de j.p. morgan. 22 personas han muerto bajo la custodia de ice, la mayorÍa en instalaciones privadas. >> ellos dijeron que no y niÑo entregaron una caja con mÁs de 100,000 firmas, pidiendo que dejen de invertir en centros de detenciones privados. [audio confuso] >

morgan will launch a app that lets customers trade online at no cost.s at a time whenmp ition to attract investors may be heating up and the trend has the fees downward. in today's news fm j.p. sent shares of discount brokers as you see there,omimes lower, a lot lower. >> joining uss to talk about t new service and managing banking analyst at rbc capital markets. >> gerard, let's turn first to j.p. morgan's stock. is it a good move for them to be offering no-fee trades? is it goo business? >> i think it is, tyler,he and reason being what j.p. morgan is trying to do is with ts approach, two particular strategies and the first is to offer an additional product to their existing customer base and they won the greatest share of that's custom wallet and by offering this product they'll be able to do that, but second, they're als looking to build a new customer base and by offeyng this product t could get new customers into the door. the new customers can takelo at not only this product, but other consumer products tham j.gan offers. so it's a two-pronged str

at most jp morgan charges 295 per trade. so this is the cumodification of their entire business model. you're habituating people to the idea trading should be free. >> i thought we already got there. when it's $8 to trade $10,000 worth of stock, it almost seems free to me >> it's been going on for decades, schaub, e-trade, each of those guys took it further. when you have someone like jp morgan, that takes the ball basically to the end zone. >> yeah, they'll all have to compete. stay with us if you would. let's bring in mike santoli and bob pisani >> so on the surface this doesn't appear to be existential threat they only get about 8% of their revenues from trading that goes on here. you see how small that is. basically they're a bank they make money on the net interest income and charge fees. there's also that 20-80 rule 20% of the traders do 80% of the trade. i think that underestimates it, i think there's a real problem here i'm concerned about asset gathering. and that's why i think the story is important the ability to

morgan took the challenge. by the summer of 1943, the allies were approaching a crisis and with that a decision point. there was going to be another ally conference, quadrant in quebec in august and in decisions negative effects by that time were having serious consequences for the allies' position. the united states because of indecision about 76% short of number of troops that they expected to have deployed in europe by that time. and then they had -- that meant that they had neither from england nor from the mediterranean, concentration of allied forced to defeat the axis. one of the key u.s. overlord advocates, major general thomas handy, the most important fit was strategy and stick wit and he went onto say that there was a risk, if they didn't do that, there was a risk of stalemate or, quote, complete victory indefinitely postponed. from london, an exacerbated, one of churchill's closest adviser and advocate for the american position, wrote to counterpart harry hopkins, roosevelt's adviser, if we are not

bloomberg has learned because hired morgan stanley to help with the private did.shocked the world when he tweeted he wanted to take it private and has secured financing. joining us with more is our bloomberg correspondent who covers tesla. talk about the implications of this. we expected it regarding the fact that morgan stanley moved away from giving us analysis on the company. >> yes, would morgan stanley suspended coverage everybody figured they were working for someone, but we didn't know if it was the company, the board, the special committee of the board that is supposed to evaluate the proposal, but today we learned it is in fact you on musk, so now he has goldman sachs and morgan stanley working on his behalf to help them with the go private plan, but the plane itself nobody has seen yet. scarlet: and everybody is wondering what it involves. doing anything more about what happened to the saudi arabia sovereign wealth fund that tesla was speaking with, or at least they spoke with elon musk, who said financing was secured because there was a report not long

david: over to morgan stanley. morgan stanley has stopped analyzing tesla stock.-known. there are a lot of reasons that could be. we do not know why it is but we have to think about the possibility morgan stanley may be being retained in connection with a transition to private. tesla no longer being covered by morgan stanley. julie: the analyst the not immediately return voicemail or email. david: i said, he is a wise man. julie: [laughter] david: we will talk more about tesla coming up. we will speak with a short seller, chris brown. live from new york, this is bloomberg. ♪ ♪ taylor: this is "bloomberg daybreak," and i am taylor riggs. coming up later on "bloomberg markets," let's get the bloomberg business flash. cutting back. thatberg has learned management is shrinking the size of london headquarters, cutting back on space used as a kitchen and meeting area. they are rebounding from years of mediocre returns. deutsche bank doubling down on the bet. the german lender is offering to buy a noble group, 45% of face value. deutsche bank is the backer of the turnaro

morgan hill in the low 90s. 82 for clan to hack -- 82 for santa clara. on the east bay upper 80s or low 90s. 88 at santa rosa tomorrow. plenty of 80s around and even warmer up around the fires. extended forecast, low clouds come in along the shoreline tonight but look at the numbers inland. 80s monday, tuesday and wednesday. that is a bit of a cold change. >>> coming up in sports john gruden back on the sidelines for the radars. there is something different with tiger woods's come back this time around. we check in with the final major of the year next. -- coming up in sports john gruden back on the sidelines for the raiders. and there is something different with tiger wood's come back this time around. we check when the -- we check in with the final major of the year next. 25. the ceremony on the field includes some of his teammates... his three former managers... and several giants hall of famers. bonds... who played f >>> right now the giants are honoring barry bonds by retiring his number 25. the ceremony includes some of his teammates, his three for

leslie picker thank you as well. >>> and now not jp morgan but morgan reeds >> we have some breaking the white house press briefing let's get to sue herera. >> indeed we do. thank you very much morgan basically u.s. top security officials have been briefing reporters on continued efforts by russia to meddle in the elections. the top administration officials briefed reporters saying that the president has directed officials to make the matter a a priority dan coats basically talked about that at length he got the most questions from reporters about russia's efforts. and here is what he had to say >> in regards to russian involvement in the midterm elections, we continue to see a pervasive messaging campaign by russia to try to weaken and divide the united states >> the head of the department of homeland security kristijan nielsen also said quote, u.s. democracy is in the cross hairs. then mr. coats went on to say that russia isn't the only country that's been trying to meddle however they have been been doing it perhaps the most under this recent surveillance program. we are continuin

the downgrade from morgan stanley seems to be floating around. downgraded by morgan stanley. that is why we are seeing weakness down there. european markets, a mixed start. no clear sense of direction. didn't get much direction out of the s&p yesterday but it did push on to another high. seems to be a daily phenomenon at the moment. equities andad of strategy at bnp paribas joins us now. how do i hedge what has been an incredible run in the s&p? do i buy europe? derivatives? what do i need to do because this market is head and shoulders above everyone else? thing. is an interesting a lot of people say, why hedge because it is going straight up? guy: good point. >> from a derivative point, the best time to hedge when prices are cheap. andtility is low right now -- >> it has been low for a while, though. , but this ise insurance we are talking about. hedging is a form of insurance. you hope never to use it because when you don't use it, it means your fundamental portfolios are doing well and the hedge was unnecessary. still, it is worth having this time of year because septembe

kron four's rob fladeboe joins us now live from morgan hill to explain howcalfire is coping. rob?n how calfire is coping. rob? (rob live) not a lot of activity here today because four strike teams from calfire's santa clara unit are fighting wildfires up north. but not to worry, if something happens that the skeleton crew left behind cant handle, other crews nearby will step into the void. it's called "assistance by hire," or mutual aid by contract. for every strike team dispatched to a fire and won't be going home any time soon, another crew will be called in from a nearby jurisdiction to take it's place, says calfire'spam temmerman by phone.pam temmerman/calfire "....it's like dropping a pebble in a pond and the rings just keep going oute more and more and we call in more resources as needed...."for example, crews from morgan hill, san jose and spring valley near milpitas are handling the territory that would otherwise be the responsibility of those strike teams currently on assignment says temmerman.pam temmerman/calfire "....we hire their personnel to come in to our jurisdicti

mike wilson of morgan stanley will be sticking with us.nier, that experts lng, it will have a trade sensitivity. their revenue is about $1.45 billion. they had a loss of about seven cents a share. were the last to sign a long-term agreement with the chinese company. is tryingldman sachs to buy an lng tanker from cheniere. so the details a really important. david: yesterday, china really put lng on the table when it comes to trade. think we may actually go after lng. alix: you need long-term investments to build. pay attention to that earnings call. much more coming up with mike wilson and how he is trading the market. this is bloomberg. ♪ emma: this is "bloomberg daybreak." tribune media has pulled out of a planned merger. anchored federal regulators. sinclair hoped to use the transaction to become a nationwide broadcast powerhouse. a milestone for the home rental industry. front yard residential has bought property manager haven hearst partners. $485 million. the purchase was facilitated by a loan from freddie mac. the biggest deal they h

steel morgan >> and i'm morgan brennan. thank you, tyler we begin with the markets creep higher the dow up 100 points. the nasdaq is slightly lower it's about flat to the down side bob pasani at the new york stock exchange hey, bob >> we are creeping higher, and we're being helped by commodity stocks a terrible time the last few weeks the commodity stocks had as you heard there, all the big commodity names. aluminum china, bhp billiton, and even the coal stocks the president trying to boost the coal industry recently we would be hitting the new highs if it wasn't for -- >> we'll get that fixed. having some trouble there. we're instead going to have a market discussion. >> we are, indeed. the s&p within striking distance of reaching all-time highs, and on wednesday the bull market will turn 3,453 days old happy birthday the longest bull market in history. will the good times continue jeff carbone is managing partner with cornerstone financial partners jason weir is with albion financial group. what do you think? can the mark

morgan stanley bumped up there target by 35% and 14%.he bank sees amazon cloud services and waymo as catalysts. hewlett-packard came out with better-than-expected profit forecast. they are starting to benefit from cost-cutting and a move businesses such as networking and services. we welcome mark howard. i want to put up a chart on my terminal. it compares the market b readth, s&p is broader. neither one is nearly as broad as it was at the end of last year. mark: the important thing is a broadening of the s&p. it was narrow before. nasdaq was on par with it. companies across a broader range companies, large gap they are benefiting from some of the advances in the tech space that contributed to the strong run in mastec. the implementation -- run in nasdaq. the implementation and ai is being employed more broadly and revenuecontributing to growth and better earnings. david: they are making more money off ai and technology. is that showing up in earnings? mark: i don't think it is. you hear it in comments from corporate management, discussi

morgan stanley recommended selling u.s. tech stocks a month ago and now traders are starting heed the bears' call. let his morgan stanley saying here?what is the argument ? onehe argument is based on valuation, but also the growth we have seen out of these stocks. morgan stanley has been banging the drum for a while now. i should point out, a lot of people have called the end to the tech rally several times this year, and the tech stocks continue to find another leg up. it is possible we could have reached a peak. are analysts other than morgan stanley, including at oppenheimer, making similar calls and recommending folks look at other areas. at the end of the day, we had a very good earnings quarter. the question is whether they can repeat that in the third quarter. on, you cover amazon, alphabet, facebook. would you agree with morgan stanley's assessment here? >> i think there's a lot more uncertainty in terms of the cost side and the debate with security and privacy. when you look across the sectors in technology, when y

frederick morgan and ray barker embarked on their first meeting. they sniff the brass button from the royal artillery uniform and traded it to barker. from that point they went to meetings wearing a token of ally corporation. they do get chided for that. both sides either going yank her native. they were truly bonded. their young officer responded with them. at the first hands meeting for cossack, morgan purposely concluded his talk to his young officers by telling him what the chief had said to him about the orders. well, there it is, it won't work but you must blood he will make it. morgan's team took the challenge. by the summer of 1943, the allies were approaching a crisis. with that, decision point. there is going to be a conference in quÉbec in august. and negative affects by that time are having a serious consequences for the allies position. the united states, because of indecision about where to send them, was 76% short of the number of troops they expected to have deployed in europe by that time. that meant they had neither from england o

curtains for the company but a step back in terms of the eyes of morgan stanley.-year ferrari up more than 4%. hsbc upgraded it to a buy. if we flip over and look at stocks and bonds, starting off with the italian 10 year yield, price rise in the yield coming down seven basis points, more of a relief rally after the deputy prime minister terrifying people. a report saying italy would seek help from the ecb but he says that is not the case. the pound up by 1%. highest level since the start of the month after comments from michel barnier over -- saying written could get -- britain they get an unprecedented deal. that could get an unprecedented deal. krona, it is dropping for the fifth consecutive day. 11 days away from an election. we have seen it hit lows not seen since 2009. swedish krona a currency pairing to watch. taylor: we will look at the u.s. markets and the dollar. territory,,000 record highs on the s&p and nasdaq tech stocks leading the gains. ,mazon, microsoft, apple google, the biggest movers and broad-based gains with almost every sector in the s&p 500

i think at the moment, our view of morgan stanley -- our view at morgan stanley is that tension willnue to escalate because there has been no market reaction. there has been nothing that has indicated this type of policy will have large negative consequences which will change that. francine: we are just getting breaking news out of tesla. this is according to our sources. tesla is said to plan a $5 billion investment in a chinese factory. i don't know whether this is a supply chain, whether you have any insight on what this could exactly be come up at the timing i find quite significant because if you talk about a trade war and even the apple figures that were so good that could be impacted from the supply chain because of this trade, i don't know what that means with tesla now planning the $5 billion investment in a possible chinese factory. tom: we will have to see. it is extraordinary investment to real issuesw on the manufacture of automobiles. i guess we will get tesla earnings in a spirited press conference later today. we are going to continue with andrew sheets of morgan stan

would you agree with morgan stanley's assessment here? >> i think there is more uncertainty in terms of the cost side and all the debate going on with security and privacy and what not. when you look across at least i cover the internet sector and when you look across the sectors in technology and see the secular growth continuing here it is hard to say that tech is -- doesn't have continued upside. i guess i mean google and facebook and amazon and others. specifically online advertising continues to be extremely strong from our perspective. usage and engagement suggests it continues across the space and, frankly, you know, facebook, amazon, google, and others continue to innovate in their products. it seems to me there is a lot of secular growth that can continue. >> let's talk about facebook specifically. i believe you lowered your target there but air still optimistic. why? >> yeah. we lowered our target simply just given the increased risk around, the guidance they gave risk around, increased costs especially, you know, around privacy

>> yes, that definition is exactly the definition morgan stanley used today and it is morgan stanleyy drove today's drop. they said it is a good company, but not good enough to keep paying back or perform it as -- performing as well as it had. the is why today they kept decision to underweight for the first time ever and slapped it with a 21 euro per share target price, which is the lowest among any recommendations this stock has, which is the biggest retailer in the world for apparel by several measures. romaine: several emerging-market currencies have had strong devaluations. how significant is it for the company? rodrigo: that is one of the core issues morgan stanley was pointing out, that the company is coming more reliant on emerging markets. another bank referred to them as a proxy for emerging markets and the fact they have so many operations in russia, china, mexico asked him especially vulnerable to -- mexico makes them especially vulnerable to depreciation is in the market. romaine: thank -- taylor: thank you. romaine: we are going to check the market once again. just takin

and to hear his friends talk about it, he was ready. >> this is morgan ortega's. morgan ortagus.arly believed in a very robust presence abroad and advocated for more involvement in iraq, syria and afghanistan, which is a different temperament than i think this current president has taken and even one that president barack obama took. where do you think his foreign policy legacy stands and who will keep that alive? >> one thing is nato is considering naming its headquarters building after john mccain, the new headquarters for nato. that tells you something about his international impact. if you look at all of the statements coming out from world leaders who have dealt with in one way or another, senator mccain on foreign policy, they are all glowing. i do think we are in a different stage now, and there is a battle as you know between an aggressive foreign policy stance, like john mccain had on the number of fronts, and one that is more, let the folks in those regions do the work and fight the battles. and i think those will be fought over elections to come. >> dagen: we talk abou

morgan brennan, david faber. we have a lot to get to this morning.th the fed summit at jackson hole fed chairman jay powell wrapping up his speech. steve liesman is there live in wyoming, joins us with his reaction good morning, steve. >> reporter: good morning, jon, thanks very much fed chairman jerome powell in his first speech as fed chairman at the famed enclave in jackson hole, put on by kansas city federal reserve. striking a dovish tone, that's the way the market has taken i want to lead with market reaction, the 210 spread down below 20 basis points. last one was 19.7, 19.9, below 20 basis points first time since 2007 as the ten year fell down i have a 282 reading a few moments ago. what did he say that the market took as dovish, is the market right here i'm going to get to a hawkish comment he made at the end first, let's look at the comments the market is focusing on doesn't seem to be risk of overheating. that's the comment that's -- we're going to get to that full screen later, risk to the economy. he says doesn't seem to be risk of overh

morgan? if the consumer is so strong and they're based upon the valuation of where they are and having transitioned over time, j.p. morgan >> we'll give you three. >> pfizer and health care is underappreciated and valuation is compelling and home depot has been my name, and boeing i think is underappreciated, and total hedge. total hedge. and the interesting thing is nobody named amazon. >> we started the show with it i agree with this, j.p. morgan >> and that's the one. >> what are you eating, tim? >> wheaties. for more on amazon's amazing run head to tradingnation.com and find out why one nation is calling for a pullback coming up on fast, more trouble for tesla. the stock in reverse after ne neo plans a $1.3 million ipo bitcoin breaking above 7,000 and the short against bitcoin futures. could this mark the crypto bottom >> canopy and the rest of the candidates space on a high and showing no signs of coming down. before you buy, tim seymour says the erare three things you need to know. wye

marlene morgan, peter papadapolous. >> good afternoon. those of us who are mobility impaired or have a hard time carrying heavy packages. i ask you to retain the stops that have been for decades at hyde and geary and hyde and o' farrell. i ask you for this in particular because we didn't get one of the rapid stops when they were handed out to the neighborhoods. there is a six and a half block gap that we are in the middle of. now you will take away our local stop at hyde. an extra block is not just an extra block for people who have a hard time getting to a bus stop, it often comes on top of 2-3 blocks they already walked to get there. that's cumulative and it has a big impact on a lot of us. so muni has just done a great experiment to find out how to slow up the bus service on all of our lines in san francisco. it was unintentional of course. they didn't hire enough operators so there are not enough runs on the busses. i ride the 38 everyday. i have had 40 minute time lapses, 64 minute, i have taken photographs on my phone, it's a great

morgan asset management stays with us. let's listen to theresa may speaking at the moment. >> as his election not as a victory of party, but of people. of the power of democracy, and the necessity of unity, equality, of universal rights. he spoke of the need to transform not just the culture and politics of south africa, but its economy too. of his desire to change south africa from a country in which the majority lived with little hope to one in which they can live and work with dignity, with a sense of self-esteem and confidence in the future, building a better life of opportunity, freedom, and prosperity. it was a bold vision. by shared and not just millions of south africans, but hundreds of millions of people across the world. -- his unlikely journey took a different route than nelson mandela, yet like your former president, his impact, influence, and values spread well beyond the borders of his beloved homeland and like nelson mandela, the world is a poorer place for his passing but all the richer for his legacy. the

morgan and jon have the morning off.ara will stick with us, as we await trade deadlines in a few moments. >>> also nyu's scold galloway is here, as well as author of "zuck'd. and the president ramping up his criticism of google after tweeting that the results are rigged against him. >> they better be careful. you can't do that to people. we have literally thousands of complaints coming in you can't do that. google, twitter, facebook, they're treading on troubled territory. it's not fair to large portion of the population. >>> that comes ahead of congressional testimony from executives from all three companies on censorship and election meddling next week. scott, i'm curious to know what you thought of the president's comments and if the regular torrie frameworks is -- >> treading on troubled territory? does anybody no he what that means? >> that's my question. >> i think in a strange way the president's attack inokay late them from regulation i think they come across as ham-handed at the end of the day they rally the lef

six years ago, jp morgan had warrants that were issued to the connection with a tarp debt, which jp morganever wanted. we started buying warrants and jp morgan today is my second biggest home depot. david: where do you think capitalism has worked the best, and not to the individual but the country? ♪ david: you love capitalism. ken: i adore it. david: why? ken: because it works. david: how do you know it works? ken: i know it works by virtue of my own life. my father was not a capitalist. he was a plumber. he did not make much money. my mother worked in a school cafeteria. the money they made by virtue of time in their hands. this, up but i have talent or inside or whatever and become a capitalist. i do not want to sell my guy am bragging but i wish i had a nickel every time somebody told me how grateful they are for what i have done that gives them employment, opportunities. david: where do you think capitalism has worked the best, and not to the individual but for society, the country? ken: what i do not understand is go to hungary, cuba, venezuela, go all over the world where they hate

and progolfer morgan hoffman ntto change that. >> i was diagnosed with muscular dystrophy in late 2016, i didn't want it to be about myself. i knew that was my platform, i could help so many otherpeople.t t with many of hoffman's peers.cl struleor wasoi thro h,in until iud read his player's tribune piece last year, i was moved by it, here's a guy that's being dealt a pretty bad hand, but he's trying to make the most of a it, trying to help other people with the cause. >> trying to focus on fheure and what be done today isri ford famee fsupootbltar form. andfferce. you see an event like this, and you see the financial ran fictions of an event like this. o as going to raise a lot of tg lot of research and someone -- maybe not rgan, but someone down the road is going to benefit from an event like this. >> morgan hoffman a mouillionio dollars so far this year, and has plans too a lot diseases. and to fund a race for the cure. for nightly business report, i'm dominick chiao in par a.m. w as rsey. >>> that does it for nightly business report tonighan we to remind you, this is the time of yea

all right, morgan, i'll start with you. pompeo is going to north korea along with a special envoy, indicating that we are ready to continue serious negotiations with north korea. now today, something very unusual happened, when the president asked secretary of state pompeo not to go. what happened and how do you read this? >> good evening, judge jeanine. great to see see you as always. i think what we are seeing happen is that mike pompeo, secretary of state, briefed the president that it seems the president got fed up and was frustrated with what he sees as a lack of progress on these talks. the president we started this in the lead up to the singapore talks where he canceled the meeting with kim jong un and then the north koreans going back to the table in a way that was efficient from the president's perspective and the meeting went forward. i think what we are really seeing here is so many different geopolitical things that play, judge jeanine. the trade talks happen with the chinese, which i think are very tough, they

morgan?hink what is fascinating about last night and in general is president trump again doing something completely unorthodox. which he is endorsing in primaries. typically sitting presidents don't do it. i think this president has shown he is going to remake the party in his image. he has 85-90% of the report support. he is weighing in, the primary and races around the country, he is doing it to make the point this is my party and the candidates that go forward in november will reflect me. >> harris: jessica, interesting to watch last night. the leads dissolved. it looked like the democrats would start to do better and then they didn't. >> jessica: i felt good at 8:10 and then i felt less good. by 9:00 rolled around. yes! there was a lot of people listening to the cable news last night about the race and the moral victory for the democrats. it's a republican seat. ruby red. moral victories are not as real victories but they will rematch in november. what happened in michigan was fascinating

morgan stanley offered no such guidance.ompting speculation is maneuvering for a privatization bid. has taken downt 650 two pages and accounts over what it calls coordinated inauthentic behavior. the social network at some of the activity originated in russia and iran. twitter suspended 200 84 accounts for engaging in manipulation. sees web said it domains being used by russian hackers masquerading as conservative organizations. are counting down to the market open in hong kong and mainland china. we are looking at how we are setting up for that open. rishaad: edging up slightly, the premarket hang seng really flat. up .3%. futures their flat for chinese equities. real change with the fix a short while ago. some of the companies, xiaomi reports its financials for the first time. it has been underwater since it did ipo, 2% of this morning. aac technologies, morgan stanley taking out a 3% stake in that company. sales hitting that company as well. market wise, some predictions from a man who does know and has gotten it right be

morgan today is my second-biggest holding after home depot.avid: where do you think capitalism has worked the best, not for the individual, but the country? ♪ ♪ david: capitalism, you love capitalism. ken: i adore it. david: why? ken: because it works. david: does it work? ken: absolutely. david: how do you know that? can -- ken: i know but the virtue of my life. my father was a union plumber. he did not make much money. my mother worked in a school cafeteria. the only money they made is by the virtue of time and their hands. here i show up and i have this talent, insight, whatever you want to call it. i become a capitalist. i don't want to sound like i was bragging. i wish i had a nickel every time somebody told me they are grateful for what i have done. it gives them employment, opportunities to be capitalists. david: where do you think capitalism has worked the best for the society, the country? ken: where ever it is given a chance. what i don't understand is go to hungary, go to cuba, venezuela, all over the world where they disavow, where

morgan ortega. i watched the processional for senator mccain. we'll be watching over the weekend, honoring a great man. >> this afternoon at one p.m. stuart, take it away. stuart: good morning, dagen. good morn everyone. we have very positive news on your money. number one the top european trade negotiator is willing to scrap tariffs on all industrial products including cars. that is a trump trade win. number two, profits, the best in six years. that's a trump growth agenda, win. three, a corporate survey finds workers should expect big pay raises in 2019. they have done well this year as well. number four, "the wall street journal" carry as survey that shows worker job satisfaction is the best since 2005.

and -- morgan stanley and is it jpmorgan?from what i understand, goldman sachs -- liz: why do you need all three? ceos ask that question every day. why do i need these guys? >> you know why, it's double opinions and different aspects of the deal. liz: maybe they get the funding. >> it's not exactly -- they have different clients. they have different clients on the buy side. the big funds that might invest in this. they bring different sort of attributes. also, it's kind of like getting a second opinion from a doctor in a way. have everybody look over each other. there's all that. he's got to sell it. i'm telling you. don't count your chickens before they hatched. liz: i'm telling you. get to the news! >> i did. i told you the whole thing. liz: after like a five-hour preamble. >> here's the thing. you have to give some context because some people are just like tuning in, like what's tesla. liz: i'm hearing this and i want to hear this. >> who is elon musk? you have known this guy longer than anybody. does he have red hair like

morgan today is my second-biggest holding after home depot.avid: where do you think capitalism has worked the best, and by that, not for the individual, but the country? ♪ david: capitalism, you love capitalism. ken: i adore it. david: that is what your book said. why? ken: because it works. david: does it work? ken: absolutely. david: how do you know it works? how do you see that? ken: i know it works by the virtue of my life. my father was a union plumber. he did not make much money. my mother worked in a school cafeteria. so the only money they made is by the virtue of time and their hands. here i show up and i have this whatever you want to call it, talent or insight, whatever you want to call it. i become a capitalist. i want to be careful i don't want to sound like i was bragging. but i wish i had a nickel every time somebody told me they are grateful for what i have done. it gives them employment, and it gives them opportunities to be capitalists. david: where do you think capitalism has worked the best, and by that, a mean not for the

. >> reporter: today michael morgan returned with no damage worse than the bumper he bent while escaping. it's a small price he says compared with what he thought he would lose. >> grateful. i'm in a grateful place. we feel blessed. >> reporter: he is, but it's also still a smokey place. specifically, some of the areas that have opened, highway 20, west of upper lake, and south of pine avenue in potter valley, west of the mendocino lake county line. those that opened as of this morning, but this is a situation influx. cal fire is being very careful about readmitting people in their homes. live in mendocino county, wayne freedman, abc 7 news. >> there will be a spare the air alert tomorrow because of smog and wildfire smoke. let's turn now to our weather as we take a live look outside. you can see all that thick haze. let's get to spencer christian for more. >>> as you can see, this live camera view from walnut creek, thick haze and smoke through the air, in the air, all around the area, and across much of central california. as ama pointed out, we have a spare the air alert. some regions

morgan is shares of campbell's soup from neutral to underweight. analyst there sees a potential sale of the company as an unkely outcome. you may remember last week a report surfacedaying that kraft heinz had started exploratory talks about buying campbell'soups. campbell closed at $41.35 off more than 2% today a suntrust is initiating coverage of online personal shopping service stitch fix. it's got a buy rating now. the firm says stitch fix is the leading pure play in the sector and should contie to outperform expectations. priceart set at $38. in a down day shares finished at $33.31 up about 5%. >>> tesla is reportedly lking for a wide pool of investors to back ceolo musk's plan to take it private. it would conntrate ownership among a few large stakeholders. >> well, elon musk has beco certainly a celebrity ceo who is closelis tied to company tesla, just like the late steve jobs was to apple and the beloved jack welch to ge, but is it a good thing for investors when the ceo becomes the brand? j.j. qanahan joins us. welcome. >> know you kp a clos

a morgan, let me just try and start with you. because giuliani is now saying maybe this whole investigation will help republicans come november. >> well, yeah, i think the president has actually said that himself at amou lot of these rallies, of they're going to try to impeach me, to motivate his base. they're looking for things to galvanize their base, and the president tends to turn things on their heads. >> he wants to energize the base, will it work? >> i think one thing law enforcement tends to be bad at and that eegsz mo's politics. and even hillary clinton would say what james comey did leading up to the election hurt her. so i think what's most important is to protect the integrity of the doj. he should want the american people to have faith in the investigation, if it starses to get near the election, it starts to look political. >> this notion of the september 1 deadline, we have heard this from him for this mueller investigation to end mistakenly. he said this is justice department rule. this is precisely how giuliani

tomos morgan has been to find out.y but this seaside town has been revitalised in recent years by european funding and this cash injection alongside the recent spell of good weather has helped businesses like the local kite surfing school. when people come here you literally could be anywhere in the world, so in general there's so in the world, so in general there's so much improvement going all the way down the promenade and people come here they love it, and they don'tjust be for a day, they stayed for three orfour, which is brilliant. on the other side of side of the region to rhyll is the this is a beach on the east coast anglesey, which became the top trending destination on—air b&b across the whole of the uk. but the majority visiting wales are domestic tourists. the country struggles as i hold to attract those from aboard compared to other areas of the uk's. so what more can be done to attract those from overseas —— the country struggles as a whole to attract those from abroad compared to other areas of the uk.

morgan hill is what we are seeing elsewhere. as you drive from morgan hill it is going to be 57 degrees at 7:00 and then 72 degrees at 10:00 this morning, but it's really going to be heating up heading into the afternoon. it will be antioch today. if you plan ongoing for a jog make sure you're going out there early. things will be best. 71 at 9:00 and temperatures start to heat up. it will be time to go to the gym and then also just take it easy. here is a look at all of our high temperatures today. napa a little bit hotter than it was today reaching 90 degrees. expect high of 73 in oakland. we'll talk about what's ahead for the day. that's in about four minutes. right now we have a look at the morning commute. >> as i was walking over here i did notice this little hazard pop up in the south bay. i'm not sure what it is. i will go ahead and check it out. i'll look into that. aside from that a little issue we have a nice view. northbound 101, 18 minutes. northbound 85 from highway 85 about 18 minutes. i'll go check into that traf

morgan stanley hiked itsrice target on amazon to 500, the highest on wall street. price, amazon would have a $1.2 trillion market valuation. the firm maintains its overweight rating on the stock. the shares rose 3% to $1998.10. and that same morgan stanley analyst raised his price target on alphabet to $1,515, also the highest on wall street. th analyst cites waymo's leadership to develop driverless cars. it could rise 20% over the nt 12 months. the stock was up 1.5% to 1,264.65. >>> square is being called the best new idea and highest convicti name in thin tech by guggenheim. ast analyst there for higher subscription revenue for square. the price t the stock upto 685.70. kansas city southern to market perform at cowan. the analyst cites the preliminary trade agreement between the u.s. and mexico saying 50% of the company's business comes from the mexican market. the price$1 target no. the stock rose almost 1% to $119.45. >>> still ahead, yet summer was a hot one for the airline sector. ♪ ♪ ♪ >>> ford's credit rating w downgraded a notch above junk by moody's. the

heading to the south bay reaching 88 degrees and 99 in morgan hill.e are also going to see triple digits. palo alto at 89. we will be at 68 degrees there. north bay in santa rosa. as you make plans for the weekend you may want to head somewhere nice and cool. it will be in the mid-60s for the afternoon. there is a lot of stuff going on and a wide range there temperatures across the bay area. if you follow me our temperatures start to cool down from 97 today to 87 by early next week with a slight boost in humidity. it is causing delays along northbound 101. it remains blocked because of that stalled vehicle. get off and take some surface streets and hop onto avoid a little bit of of that delay. the slowing remains blocked. a quick czech on southbound 880. it is not major just yet. back to you. >> here is alook at what's ahead. >>> some want to launch a spacecraft into the sun. frmg your car insurance company's app might be able to get you out of a $25 ticket. california law has allowed drive toers show proof of insurance electronically. if you don't ha

welcome morgan brennen >> thank you i'm excited. and we're color coordinated. >> i see that.ow did that happen? first let's check in on the markets. s&p, nasdaq, russell all hitting all-time highs today the dow crossing 26,000 for the first time since february. a strong rally across the board as you can see sectors like industrials, materials and financials leads the charge >> and dow, s&p and nasdaq are on pace to post their best august gains since 2014. we've got that new trade agreement with mexico that's helping to push stocks higher today. with that let's get over to kayla tausche with the details >> an announcement today on certain parts of that agreement. specifically dealing with the content requirements in autos. the two countries saying that 75% of car contents will come from the u.s. and mexico, and half of the content will be made by workers making at least $16 an hour. that's designed to prevent outsourcing from the united states and keep a lot of car manufacturing here, as the president has said he wants to do there'll be no new tariffs on agricultural products.