mr. krueger: i would say the fed runs of risks -- moving too slowly and bubbles build up, and that could cause problems down the road, and the other is that in some point, it is forced to raise rates very quickly because it is concerned about building pressures, and that causes the recovery to and. i do think it would make sense to seriously consider a rate hike by the end of the year if the economy continues to improve. scarlet: i want to get your thoughts on the idea that globalization has created an entire class of losers or an entire segment of the population has lost out. you seem to focus on the losers in the developed world, but there are plenty of losers in the emerging market world as well, and that does not get quite as much attention. what will be the ramifications ifthis down the road globalization becomes a lower item on the agenda, not just for the developed world but the emerging world as well? basicueger: i think the economics is right, which is that expanding trade can help all countries, all sides. it does not help everyone equally. there are people who benefit and some

mrs. clinton is so far to the left. you are not. alan kruegerher taxes and prosperity at the same time. it doesn't work. even a good cainsian would say it doesn't work. >> the debate doesn't end here. we appreciate both of you this morning. go out and get mr. kudlow's book. jim will be sticking around. >>> coming up, the fireworks weren't just limited to the stage at the debate. the drama unfolded on the web too. we'll bring in the top moment from last night's face-off according to google. as we head to break, take a look at the top three tweeted topics. top three tweeted topics. the amazing new iphone everyone's excited about. and t-mobile is the best place to get it. your iphone deserves a network built for unlimited data. so you can use your new iphone 7 to stream, watch and play as much as you want. all on america's fastest 4g lte network. and get 4 lines for just $35 per month each with unlimited everything from t-mobileone on the amazing new iphone 7. >>> welcome back to "squawk box," everybody. markets have been influx this morning. we've