peter boockvar, thank you very much boring but important you are not boring, but you are important.else you will be talking about today besides going out saying frank, did you see those bond yields at 3.2% frank holland is back. >> i don't know if bond talk is water cooler talk. that's late day after a couple of drinks. we'll start off in france. in a move intended to reduce air pollution and free up space for pedestrians, paris is making a drastic move the city will ban cars in most of the city center on the first sunday of each month paris also has a free car day once per year. it hopes the new restriction will curb air pollution. paris is the most polluted city in western tchit let's do it in new york. >> it's already a walkable city. >> no cars in manhattan, first sunday of every month try it out. >> i think people would enjoy it >> listen up video game fans nintendo is releasing a new version of its switch console next year. the company is hoping to maintain the sales momentum of this twice nintendo is debating what hardware and software features to upupgrade. >> if you live in

let's bring in peter boockvar, a cnbc contributor this earnings season was supposed to save us from this the market. what is it that investors are now keying on that's making them feel like this is not a constructive environment anymore? >> i think it's a sense that profit margins topped out. global growth is now slowing when you look at the s&p 500, 40% of the revenue is sourced overseas we can see what's going on overseas profit margins were elevated by lower interest expense and low wage costs we see a rise in wages now, we see a rise in interest rates throw in tariffs, higher transportation costs, you can see that companies are not having the same earnings leverage compared to revenue growth >> i would say that the threat of higher prices, the threat of higher wages, the threat of rising interest rates has beenr years now. maybe it's starting to manifest itself a bit what is it about the current environment that has investors so scared now? >> i think it's the changing monetary landscape that creates the vulnerability for the markets and makes them less tolerant for issues like profi

our guest host this morning is peter boockvar, the cio of bleakly advisory group, also a cnbc contributor's get you caught up to speed with where we stand on the coverage of the market selloff the dow plunging more than 800 points yesterday the vix hit the highest level since april. a 43% spike in one day there it is playing out in a time lapse down 3.1% by the end of the session for the dow. this morning the red arrows are back right now the dow are indicated down 317 points. s&p futures indicated down by 30 points nasdaq off by 81 this is all coming as we continue to watch what's happening play out in the treasury market. treasury yields, which you might have seen reversing course if you thought things would do things differently did not do that yesterday the ten-year note yielding 3.16%. gold also was not a place where investors rushed for safe haven. that may lead you to think this was a bit of panic selling >> did the yield on the 30-year come down or did it close up people were pointing that bonds were going down, stocks were going down by the end of the session the ten-year had gon

four reasons that rising rates should matter to you let's bring in peter boockvar from bleakly advisory group. peter, no one is trying to sound the immediate alarm. it's not as if 3.25 will destroy the economy or the market. we've been higher than that before of the reasons we just laid out or others what makes you the most nervous going forward >> well, this comes after many, many years of an economy that became accustomed to extremely low interest rates zero for seven years in the u.s., all the quantitative easing, and negative interest rates overseas so after a period of time when you get that adjustment a lot of debt has been built up that's the thing with monetary policy when rates are low it encourages you to borrow. you take on debt massive leverage took place around the world, now rates are rising and that debt is still there. >> fair enough are we talking about a multi-year story this is not tomorrow or next month. we had mohamed el-erian on cnbc this morning talking about how we can still grow over 3% in the united states for a number of years. how immediately concerned are yo

our guest host this morning is peter boockvar, the cio of bleakly advisory group, also a cnbc contributorcaught up to speed with where we stand on the coverage of the market selloff the dow plunging more than 800 points yesterday the vix hit the highest level since april. a 43% spike in one day there it is playing out in a

peter boockvar brought that up this morning energy is up places investors need to look to in the fourth quarter. year-over-year quarters are being run for equity investors and cap "x" numbers are lean and mean energy prices, mel, have been feeding through to some of these inflation reits that we've been getting. strip them out like in retail sales, and you can see that people are not giving any ground. >> shouldn't be any supply-demand issues with this event and i don't think that's what tim is saying if you have no supply/demand, shouldn't affect oil and oil didn't respond as a tailwind or bullishness in the oil markets i think this gets blown over saudi arabia is a tremendous ally and gets blown over in a matter of days, not weeks. >> the davos in the desert, that's what the event is being bill the a lot of executives are pulling out. >> the u.s. could want to maintain diplomatic relationships with saudi arabia, but it's corporate america that could decide otherwise effectively. >> yeah, and thin in that vain i think it could be a market negative not a market positive, right, so it ei

in just a few minutes, much more not only on the crude oil crush but bleakly advisory group's peter boockvarns to us share a very bearish market call and wells fargo's john laforge breaks down gold's big rally all of that at the top of the hour on futuresnow.cnbc.com. "halftime report" is back after a quick break. see that's funny, i thought you traded options. i'm not really a wall street guy. 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 ♪ ♪ ♪ ♪ what if we could turn trash into money? plastic bank is doing just that, by exchanging plastic for digital credits redeemable for everything from food to education... po

. >> good morning, carl and peter boockvar, advisory group thanks for joining me this morning. >> goodober 1st for some a rather important day when mario draghi and company have qe purchases from 30 billion euros to 15. we know around mid-september any tax advantages to buying treasuries based on tax reform ended. do these issues affect the greater picture of liquidity and low global interest rates, peter? >> i think it does, and it's happening, also, with nominal gdp running 5%, 6% inflation expectations remaining sticky foreigners buying less treasuries on a net basis. so i think it's all combined to this drift up in interest rates, but i think most relevant for u.s. treasuries is going to be the direction of european yields as we get deeper into the fourth quarter and towards the end of the official qe in europe. >> all right now, we hit a 4.3, august -- excuse me. 4.2 august read this morning on ppi in the eurozone. last month, 4.3. in 2017, a couple of months it was over 4%. december 2011, those are where you go back prior to that 17 read should we pay attention to the elevated le