and we can speak to 9 year old ping ping from her primary school in cumbria, where she's also protesting. pingng us, why are you protesting today? it is important for climate change. what do you know about what is going on? we are producing too much black smoke and it is making a hole in the ozone layer. how do you feel about that? i'm very upset about it. what are your concerns? 0bviously, i'm very upset about it. what are your concerns? obviously, you are very young at the moment. what do you think about what might happen in the future? that we are not being a good inheritance for our children so they will have a bad life. how do you feel about what is being done or not done because obviously you are worried not enough is being done about it. what do you think about the adults in charge at the moment? they are not doing enough so it is leaving us children to do it. do you feel like that is a responsibility for you? yes. thank you, ping feel like that is a responsibility foryou? yes. thank you, ping ping. you are not allowed to leave your school today so you are doing a sit in there. what do

ping an's healthre app has 250 million users. ping an's car accident a that can automatically assess and cost damage, has 200 millionco users. and china has developed so recently, the majority all ofus thosers have never owned cars, or borrowed money, or earned a credit score. so to choose loan applicants, pingd a socialn' credit score, based on all the phones.ers enter into their >> having the expertise to change that series of raw information to actually a credit report, a score the people trust, right?tr so we're able to do that based on your mobile phone binls. your shorecords. do you surge on your spending? if you have a good credit record you get the loans faster at ape chrate. so i think the idea is that, there's incentive for peopleho have nothing to hide to want to share the information. >> reporter: but in communist china, who decides who has nothing to hide? like ping an, the government isi now conv data on its citizens into a social credit scores. it's calle"sharp eyes," a those eyes are electronic thanks to the world's most advanced surveillance. the five most surveilled cities in the world are chinese.he china now has more than 200 million cameras-- including atan the entrance onternational conference. and cameras use software that recognize not only faces, but also howeople wa

ping. like to see him make a deal with ping. is it just me or was that supposed to happen in -- >> there were not enough ambulances to get to them in time, hell yes, we are going to take your ar-15 and ak-47 and not allow it to be used. >> reporter: joe biden's name came up for the most for audience numbers. and that was not necessarily a good thing for him. >> it didn't give me anything. i feel like a lot of people, especially in my age a -- are critical of him. >> i think he did very well for those that want to highlight that he is from a generation that needs to hand the baton on to the next. >> i had a conversation with san francisco political scientist rebecca isler about which candidate pulled ahead had. she did mention there were a few strong moments for candidates. so far, no break-out moments, however, we will see who may have benefitted from tonight's debates in the polls. >>> summer may be winding do you think but not before more heat hits the bay area. jeff has been tracking it and jeff, we are going have another bur

records if that exists, maybe his easy pass, cell sites, they'll see if his cell phone was pinging, where it was pinging time line of where he's been, what he's done. what we have learned, we learned a bit more that this appeared to be a routine traffic violation for the reason why police were stopping him. and he gave them no time to react. immediately as the police got out of their vehicle, he opened fire on them through the back window of his car. so that's going to be a very key fact for law enforcement to dig into and figure out was this something he was planning? why did he react the way he reacted when police pulled him over. that's the number one question right now that we will want skpans certainly law enforcement wants answered. >> in terms of that law enforcement reaction, we did see obviously the shooter drive off in his car, eventually switching to a usps vehicle, eventually getting cornered by law enforcement at this movie theater, shot and killed. what do you make now that we have a fuller sense of how it plays out, what do you make of the law enforcement response? >> well, i mean, it loo

hais aso >> she's pinging right now, guys, she's pinging and there she goes >> she's gone.r online how do we track her? >> reporter: track her online with the web site, marinelife.org/today away she goes. off into the atlantic. >> i'm going to track her. >> hopefully to a fancy life, and they return to the spot pretty much where they were born to lay their eggs. everybody here cheering, a big day. >> that was awesome. >> kerry sanders >> look at kerry, kerry is getting choked up. very cool. >> kerry, thank you. >> she's headed back to the beach, it says, so don't move. she's coming back. >> we needed that on a tuesday >> awesome thank you, kerry >> first dolphins, now sea turtles. what kerry sanders can't do. >> very cool. >> i wast expecting that n' welcome to the carnival 30 minute tour. hey, shaq. it's a 30 second tour. no man it's like... now it's 26. welcome aboard. ocean! skyride. mini golf. relax! relax! relax! you take this man to be your husband? i do. married. no time for basketball. pool. carnival. choose fun. >>> this morning on "today," food, a taste of japan w

ping identity i asked him, he said a couple years ago he had never lost money on a buyout deal i asked is that true, he said it is that string continues. ping identity is the latest. i talked to the ceo about that company's debut as well. take a listen. >> we're cash flow positive on an unlevered basis, we have a recurring business we sell the most mission critical identity security to the largest global enterprises around the world we're often referred to by customers as tier zero infrastructure, which means it can never go down, surgery won't happen, planes won't fly as a result of that, i lived through multiple down turns. i can appreciate, the economy has been very good for awhile now here in the u.s., i can appreciate some of the sentiment that cycles come around. pingy was built to last. >> and vista is holding on to 80% of ping identity so this is going to be a controlled company doesn't always do that remember, a year ago, they sold marketta to aadodobe part of the reason he is very much in the green. >> paying the price coming into trading, looks like they're doubling the investment versus what they made in 2016. >> money still at work >> all right >>> when we come back, kobe bryant joined us this morning, we get involvement advice, talk about his favorite hot sauce, one of his investments we'll explain after the break. stay with us markets. the business of trading goods and services. nasdaq operates among the largest markets in the world. and our technology powers markets from indonesia to chile. great markets are built on a foundation of trust and integrity, forged through leading edge technology and a smart regulatory framework. as technology advances, regulation must keep pace to allow the markets to evolve. today we see an opportunity to mo

[applause] >> kmer i actually challenged me to a little bit of a ping pong -- the mayor actually challenge me to a little bit of a pingso i accept your challenge. ♪ >> it is an amazing spot. it is a state of the art center. >> is beautiful. quarkrights i would like to come here and join them

[applause] >> kmer i actually challenged me to a little bit of a ping pong -- the mayor actually challenge me to a little bit of a pingso i accept your challenge. ♪ >> it is an amazing spot. it is a state of the art center. >> is beautiful. quarkrights i would like to come >>> good morning. welcome to the san francisco county transportation authority meeting for tuesday september 10, 2019. the first meeting back since summer recess. our clerk could you please call the role. (roll call)

pinging from up in tuscaloosa. >> wait a minute. how could it be pinging from tuscaloosa? that's miles and miles away. >> right.o way she could have made the call and been back to the location where she was murdered at. >> courtesy of the cell towers, you were able to show that teresa could not have made that call. it had to be somebody else using her phone and what do you know? her phone is missing from the crime scene. >> correct. >> so the person who very likely killed teresa mayfield must have used teresa's cell phone to call her husband scott. what could that mean? did the killer know scott? and did scott know something he wasn't sharing? >>> coming up -- >> we were dealing with a person that was leading a double life. >> secrets and lies. >> this was betrayal. >> very good word. >> when "dateline" continues. people everywhere are confusing quilted northern for robes. they're both cushiony, comforting, and add elegance to your home. but quilted northern is not a robe. it's just really nice toilet paper. ...used almost everywherezema, euon almost everybody. like the back of a bodyguard. for ages 2 and up. e

[applause] >> kmer i actually challenged me to a little bit of a ping pong -- the mayor actually challenge me to a little bit of a pingpong, so i accept your challenge. ♪ >> it is an amazing spot. it is a state of the art center. >> is beautiful. quarkrights i would like to come here and join them >> chairman: member mccue? member natuli? >> here. member mills? >> here. >> member patoha? absent. vice chair post? >> here. >> chairwoman: i've got everyone? okay. item number two, opportunity for the public to comment on matters

pinged. >> today, knowledge workers spend more time on emails, in status meetings, on messaging pings by coworkers do on their actual work. this helps companies reduce the work about work and spend more thatfocused on the work matters. our mission is to help companies and teams work together more effortlessly. kurt: i have one thing that does one thing well but nothing that does everything well. what do you guys offer and are you pushing toward that direction? >> the way we see it and the way it is going down in the market is every high performing company needs collaboration. there are communication tools, email, check, conferencing. employees tools help share files and attachments. then there is coordination software that helps organize teams so that everyone has real-time visibility of who is doing what, when, and why. inna is a recognized leader this space. we have seen tremendous growth in the last couple of years around the coordination problem, helping reduce the time people spend reacting to things and allowing them to spend more time on things that matter. kurt: there are a lot of producti

it will be endlessly strung up in the house of lords and legislative ping—pong. strung up in the house of lords and legislative pingld be deeply opposed to no deal. and they are only giving the prime minister this time to negotiate because they think keeping no deal on a table will deliver a deal but in actual fact if you say he does not want to deal, that will upset a lot of conservative mps. the thing that governs his negotiating strategy is you have to keep no deal on that table to focus minds to cut a good dealfor both sides. on that table to focus minds to cut a good deal for both sides.” on that table to focus minds to cut a good deal for both sides. i am not sure he does want a deal actually. if he wants a deal, why are all the leaders in europe and brussels saying there is this time we said to borisjohnson if you do not want saying there is this time we said to boris johnson if you do not want the back you have to put forward a workable alternative and two weeks have passed and i think this idea that place johnson wants a deal is absolutely no way he can get the legislation through for a deal even if the eu

ping identity ceo. their ipo is coming out today. we will have them on in the 11:00 a.m. hour. ceo of ping identity. there's reason to cheer today, by the way. the markets are doing pretty well. you see some red on the screen but the majority is green, as we see an up market of about 30 points, as the market opens on the big board. let's take a look at the s&p, see if it's all the way through the indices. the s&p is up about .15%. not a huge opening but again, considering it was down most of the morning premarket, that's a good thing. and nasdaq is the healthiest of all the openings, opening up about a quarter of a point. 17 points, to 8,195. >>> take a look at oil. it's up a little bit. remember, we had been down for the past couple of days as tensions seemed to ease a bit in the mideast. now tensions may be racheting up a little bit as the iranian foreign minister said some nasty things about the united states and saudi arabia. that sent shivers a little bit in the oil markets and they are up about 47 cents for a barrel of oil. >>> u.s. steel. that is the big individual stock story. huge company, of course, they did well initially with the tariffs, steel tariffs on foreign steel, but eventually as the world economy began to slow down, partly because of trade tensions, that put an edge on steel as people stopped their orders for steel. u.s. steel is now down 11.5% in fast trading markets to $10.92 a share. but now it's at 12.25% loss for u.s. steel. joining us, michelle mckinnon, susan li and ashley webster. michelle, you have been consistently bullish. what could turn you bearish right now? >> i would say the consumer. the consumer continues to be strong, the consumer is the backbone of this economy, of america, and i think if i saw the consumer slow down in regards to retail sales, if i saw the consumer be less optimistic, i would say that would be a cause for concern. david: although we have to say that yesterday, despite all the doom and gloom that we have been hearing from commentators on air and everything, we still are the strongest economy in the world. it seemed like the fed was saying that. susan: that's right. by the way, one of the main governments that still pays you for holding some of the debt that the country owns. but expected to show the slowest growth since the financial crisis. we are only looking at global growth of 2.9%, the worst in ten years. that also justifies why the fed had to cut interest rates yesterday and they might cut again, 60% say they might cut in december this year. david: in fact, it was powell's statements after the initial figures came out of the rate cut where he suggested that if the economy slows more, they will be more aggressive, maybe not cutting rates specifically but broadening -- ashley: they will have to be. it's interesting, 2.9%, europe would kill for 2.9% growth. it's barely growing at all. but there's no doubt, we are the only game in town. our economy is doing fine. there's mixed data but overall, there's been more hopes in the housing sector but the fed is going to have to keep cutting just to compete with such low rates around the world, especially in europe. the strong dollar kills you, right? david: but our economy compared to europe, take a look at european markets right now. i think we can put that up on the board. they are up right now. that's a good thing. but you look at what's happening in germany which had a bad quarter, negative quarter. you look at a negative quarter in the uk. michelle, i'm wondering why would you think there's some bargains to be bought in europe right now? >> i'm laughing only because let's face it, guys, you don't get good prices with good news. without question, europe is trading at historically low valuation, they have a higher paying dividend. i'm sure if we sat here in 2008 and 2009 with all the terrible news, not that i'm saying it's similar, but still, you've got to think about those similar motions, similar reactions when you look at all the bad news. that's where you get good prices. susan: also, if you look at it, you should be avoiding dollar assets because the fed is so obvious that they want to weaken the currency, the u.s. dollar, you might as well look elsewhere where you might find bargains like europe and outside of u.s. borders. david: but i'm a hard sell on this. i look at what they're doing with regard to their economic policy. they are going in the wrong direction. susan: for now, though. for now. david: they're not lowering tax rates, they're not deregulating. in fact, you have massive regulators in the european union who were reaching over the pond -- ashley: the central bank only needs to do so much. christine lagarde will be taking over the ecb, says you can only put so much fairy dust on this. she's calling on individual governments, germany in particular, to do more on the fiscal policy side. susan: they have the power over their own currency. ashley: they still try to help their own economy. susan: germany has benefited from a cheaper euro. has everybody else, because they're slowing down? probably not as much as germany. >> here's the thing i think you're missing. you've got a lot of companies overseas, particularly in europe, you have multinationals in europe. let's pick shell. shell is a multinational company that has global sales that is trading on a much lower valuation to exxonmobil. which has very similar revenue. to me, it's not like shell gets all its business from europe. it's trading at a lower valuation, a better yield. those are the kind of opportunities i'm talking about. david: i'm going to switch to some music for stuart's ears. he's not here but he would love to hear about this. microsoft is buying back shares and hiking the dividend. michelle, shares of microsoft are up 36% this calendar year. would you buy it? >> i think it's very important to still have tech. we own it in our broad-based etfs growth sector. would i buy a tremendous amount, i'm not sure. it's obviously had a massive runup. i think tech is still important to have in the portfolio. i certainly wouldn't back off of it. david: you are talking about facebook. it's not only microsoft. susan: but microsoft is doing some financial engineering because they actually haven't finished off the 2016 share buy-back program and are adding another extra on top, bumping up the dividend by 11%. you can do that when you're worth a trillion dollars and there aren't that many bargains out there to spend your cash. david: on the other hand, if you are spending your money not on building, investment, sending it out to shareholders, that's a problem. ashley: it is a problem. people would like to see that money used to build the business but shareholder value is tremendous. the stock has quadrupled in five years and as you say, it has reached a trillion dollar market cap. impressive. david: what's impressive is the market is up 80 points right now. the dow jones industrial average is up 80 points. again, for most of the early morning premarket activity, we were seeing negative numbers. that seemed to turn around on news from larry kudlow on "mornings with maria" and others that trade talks were improving with the chinese. we'll see what happens there. >>> meanwhile, olive garden, parent darden restaurant sales, coming in lower than expected. take a look at what's happening with the stock, it's down about -- over 4.5%. >>> fed ex, remember what happened yesterday, a really bad day for fed ex. today, kind of flattening out. figures $150 is a good place to stop in the downward movement. investors think that for now. >>> check roku, down again on new streaming competition, down just a tick. look at home builders ahead of existing home sales. that comes at the top of the hour, about 10:00 a.m. eastern time. it's a mixed picture on home builders. they are waiting for the numbers to come in. great stuff, everybody. thank you very much. >>> now this. facebook chief mark zuckerberg has a plan for moderate internet regulation. that's what he's calling it. he's going to be on capitol hill today to pitch it to members of congress. joining us is jim anderson with social flow. his firm helps companies with social media. what's interesting, today is the hearings but yesterday lavent night, not only was he wining and dining but was being wined and dined by a lot of politicians. it was senator mark warner had a dinner for him where the wine was flowing. there's something unseemly, mark warner will be introducing legislation will social media, yet he's being wined and dined and wining and dining zuckerberg right before he introduces this stuff. that doesn't look right. >> it's such a better look for facebook than sitting in front of the camera uncomfortably surrounded by all of the house or senate and you know, all the cameras. it's a much better venue for mark zuckerberg to sort of get out there, have some one-on-one relationships, build relationships on both sides of the aisle. david: don't get me wrong, i think it's a smart move for zuckerberg. nobody is saying this guy's not smart. it's very smart move by zuckerberg. but for the outsiders, for us civilians outside of the world of tech, it looks unseemly. this is a guy who is hob-nobbing with politicians who are supposed to be regulating him, coming out with regulation that will affect him, doesn't look right. >> i understand that. don't make a mistake, he will take his flogging. facebook has so many issues. they are playing whack-a-mole. they have antitrust concerns which is really the umbrella concern he's most concerned about. you have privacy, you have alleged election interference, you have alleged bias against certain political views, you've got the facebook libra cryptocurrency we have talked about. he's got so many issues he's dealing with. i'm pretty sure those meetings are not all happiness and light. david: bottom line, we always see it whenever he's facing off with congress, you say it's uncomfortable for him but i think it's much more uncomfortable for the politicians who don't know enough to really carry on a conversation with him. >> that's a great point. this is a complicated sector. he obviously has built a company worth more than $5 billion. we have seen time and again most of the regulators and congressional leaders don't necessarily even understand how his business works. david: great to see you. thank you very much. >>> more on mark zuckerberg coming up at 11:00 this morning. we will be talking to south dakota senator john thune. i want to know what he wants to hear from the facebook chief during his trip to d.c. today. >>> also at 11:00, president trump trying to appeal to blue state voters with trips to places like new mexico and california. is this just a waste of time? we will be asking trump 2020 campaign press secretary kayleigh mcenany coming up. >>> up next, we have florida senator rick scott. he's fired up about medicare for all socialized medicine. he says the american people deserve to know exactly how much these proposals are going to cost before we vote on them. more "varney" coming next. i get it all the time. 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(vo) go national. go like a pro. that's where i feel normal. having an annuity tells me my retirement is protected. learn more at retire your risk dot org. david: check on the big board. it's pulled back a little bit. it was getting a little out of hand, considering it was negative for about the three hours preceding the market opening. it went up to about 80 points positive on the dow, it's now about 51 points to the positive side, 27,198. it's day three of the gm workers' strike and gm is no longer paying for striking workers' health insurance. it's a very interesting situation. everybody was thinking that this was going to be kind of an easy play here but it may go on a bit longer than expected and the stock is down today. >>> here we go, stuart. this one's for you. microsoft just hitting an all-time high. there you go. got the trumpets and everything. it's up $2.77 right now. that's a 2% gain, to $141.33. do you know how much it was when he bought it? probably about ten cents. well, you know who to borrow money from. >>> meanwhile, some truly astronomical numbers have been thrown around when putting a price tag on medicare for all. now senator rick scott wants some answers from the government bean counters. senator scott joins us now. senator, bernie sanders has pretty much accepted this george mason study that shows it's going to be anywhere from $33 trillion to $40 trillion over ten years. that's about a doubling of the u.s. budget. that's enough for me. but you want the cbo on it, right? >> first off, when you go to the store, don't you look at what things cost? david: of course. >> sanders, warren, cory booker, all of them, medicare for all. shouldn't we know what it's going to cost? i asked the congressional budget office what's it going to cost. you would think all those wonderful presidential candidates from the democrat side would want to team up with me and say we really want you to do it because they haven't done it yet. do any of them want to do it, no, because they actually don't want people to know what it's going to cost because then they have to answer whose taxes are going up. david: exactly. we saw liz warren, by the way, even stephen colbert, who is not known as a right wing extremist, pressuring her saying aren't middle class tax cuts -- aren't middle class going to have to have tax hikes as a result of this and she wouldn't say. if she does, by the way, i think we are going to have a walter mondale moment. remember in 19 -- was it 1984, when ronald reagan was running for re-election, sort of bragged about the fact that he was going to raise taxes. i think we have that clip. let's play that. >> mr. reagan will raise taxes and so will i. he won't tell you. i just did. david: well, as a result of that, many people say walter mondale lost the election. by the way, ronald reagan did not raise taxes, he lowered them significantly in his second term. i think warren and the others trying to avoid doing a mondale thing. >> absolutely. we don't need tax increases. we need to spend our money better. look, we need to know the number. i'm asking right now, national television, elizabeth warren, join me in the letter, bernie sanders, let's get on this. let's make sure the cbo tells everybody so that you can tell everybody exactly how much their taxes are going up because one, your taxes are going up and your health care will be worse because the government doesn't do a good job. david: i think it's a terrific idea. remember that nancy pelosi line, we'll read it after we vote for it. we should know how much it's going to cost before any chance of voting on it. before you go, senator, you're concerned about the government buying drones from our adversaries. i didn't know this was happening. tell us about it. >> well, do you want your adversary to be spying on you? david: no. >> we are buying drones from china. think about that. our federal government is buying drones from china, then china has all that information so they can spy on us. how crazy is that? so my bill would say we're not doing this anymore. we're not buying drones to spy on us from our adversaries. china is clearly an adversary. there's no ifs about it. we don't want to do business with huawei. david: have you heard any response from the pentagon when you ask them about this? >> everything i have known so far, people are very interested, they get it, they understand it. they want to make sure there's good american product. there will be american product if we buy it. it's pretty simple. david: i have a very simple last question. you were governor of the great state of florida. now you are senator from that state. which job do you prefer? >> i like both of them. david: oh, come on. you're hedging. >> it's just a different job. i love my job as governor. i got to solve state problems and now i get to work on, you know, on national issues and international issues. this is a great job. i get up every day excited about it. david: you still get to file your taxes in the state of florida where you don't have an income tax? do -- >> that's right. yep. i file in florida and hope everybody moves to florida. 500,000 people moved last year. it's the best place to live. david: i don't know if it will fit 300 million people but i agree. it's a nice place to live. great to see you. thank you for being here. appreciate it. >>> check the dow 30 stocks. they are up, it's a nice gain on the dow, up 50 points to 27 -- almost 27,200 right now. >>> a lot of news this week on streaming. companies are spending hundreds of millions of dollars to land classic tv shows like "seinfeld" and "the big bang theory" but which streamer will come out on top? we will ask a top tech watcher, next. orlando isn't just the theme park capital of the world, it also has the highest growth in manufacturing jobs in the us. it's a competition for the talent. employees need more than just a paycheck. you definitely want to take advantage of all the benefits you can get. 2/3 of employees said that the workplace is an important source for personal savings and protection solutions. the workplace should be a source of financial security. keeping your people happy is what keeps your people. that's financial wellness. put your employees on a path to financial wellness with prudential. 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[ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your xfinity store today. david: take a look at some of the streaming stocks, as netflix pays about half a billion dollars for "seinfeld" and hbo shelled out $600 million for "the big bang theory." it's kind of a mixed situation right now. joining us is market watch tech editor jeremy owens. great to see you. what do you think about this? is it a smart use of money? >> for netflix to go after "seinfeld"? you know, the thing is, those kind of programs are not going to attract subscribers. for a service like netflix, which already has a lot of subscribers, that will keep them on. the problem with all of these streaming services coming on together is that people could churn through them. i'm going to have netflix this month because i want to catch up on "orange is the new black" and then i will go to hulu to catch up on this one and then i'm going to cancel that and go to this one. the way you combat that is to have some of these shows that people will always watch even if they're not watching anything new. they will turn on "friends" or "seinfeld" or something they have already seen because it's funny and comfortable and they will stick around and not churn out. so companies like netflix that already have a lot of subscribers need those type of shows. i don't see it as much for something like peacook, nbc's new streaming service. nobody will pay nbc a monthly fee to watch "the office." david: good for netflix, bad for nbc. take a look at apple, if we can. the iphone 11 comes out tomorrow. reportedly preorders have been really good for apple. it's down a little bit but just a tick, $222.50. what do you think about the iphone 11? preorders look good, but could that be misleading? >> well, sure. the preorders look good means that there are certain models that are pushed out to longer delivery times. apple could totally do that. there is no visibility to see these preorders are actually doing well. one way we have always known, usually preorders go off on friday, apple will put out a press release on monday if there's anything they can claim as a record. we didn't get a press release monday. i don't think they're spectacular. i'm sure they're fine. david: okay. all right. i want to talk about 5g for a second. it is being rolled out, we know china is way ahead of us in terms of the rollout. but other countries, switzerland in particular, is moving ahead with 5g. nevertheless, there are concerns. serious concerns by politicians there about radiation, the way you beam out 5g carries a lot more radiation than it does with our regular system now. is that a concern for you? you are a tech guy. you deal with these things all the time. are you concerned about 5g radiation? >> not in the least. you know, we went through this with smart meters out here in california, you know, it throws off more. eventually we will get to the point where we have to start regulating this. we do regulate it but it's not at a point where i'm scared of it. david: great to see you. thank you for being here. appreciate it. >>> we have breaking news. walmart president and ceo doug mcmillan was just named chairman of the business roundtable. you remember they came out with this report yesterday suggesting there's a slowdown in the economy. he's going to be replacing jpmorgan's jamie dimon, who has been chairman of the roundtable since january 2017. dimon is going to remain an active member of the business roundtable but again, they have been pouring a little cold water on the economy. we will be talking to other guests about whether that's the right thing to do. >>> secretary of state pompeo, meanwhile, says iran is responsible for the attack on saudi oil facilities. president trump's military options are not off the table. here is the question, though. could we be heading for any kind of ground war with iran? general jack keane is coming up on that. >>> plus every time you fill up your car with gas, part of the tax you pay goes to highway maintenance but as of now, electric cars getting a free ride and anyone who buys one gets a hefty subsidy from the government. senator john barrasso wants to change all that. he's going to tell us what his plan is in our 11:00 a.m. hour. >>> check the big board as we go to break. markets are up today, very nicely. an important piece of economic data is coming up at the top of the hour. we are going to get the latest read on existing home sales. that could change either positively or negatively the way the market is moving now. we are going to break the number down for you, that's coming next, right after a short break. at fidelity, we believe your money should always be working harder. that's why your cash automatically goes into a money market fund when you open a new account. just another reminder of the value you'll find at fidelity. open an account today. imagine a world where nothing gets in the way of doing great work. where an american icon uses the latest hr tools to stay true to the family recipe. where a music studio spends less time on hr and payroll, . . this is the world of adp. hr, talent, time, benefits and payroll. designed for people. david: nearly 10:00 a.m. on the east coast. 7:00 a.m. on the west coast. we're about to get latest read on existing home sales in august. couple stocks stand out. microsoft hitting all-time high today, along with the market it is up. oil is up tick as tensions in the middle east seem to be getting more tense but u.s. steel, a big story of the day. that sort of rockefeller stock as we call it here, down significantly double digits. we just got numbers on existing home sales. susan? susan: better than expected, 7.9 million homes. we were expecting 5.3 million. better than expected. inflation story and up tick we're seeing in housing. existing home sales represent 90% of the market. july was a better number as well after what we called a disappointing spring selling season. interest rates were up over 1% month over month. that is encouraging. david: it is encouraging. susan: housing starts yesterday seeing the biggest gain in august since 2007. so the housing market might be bumping up once ben. david: once again predictions of a falling economy looking badder, worse and worse as we go along. we got the latest read on mortgage rates. ashley, interesting number here. ashley: an uptick. an uptick nearly the biggest uptick in a year. 3.73%. david: still very low. ashley: still very low. 3.56 last week. so there is nearly a year of, first uptick in nearly a rear. there is positive news, purchase applications up 13% year-over-year and residential permits over 12% year-over-year. the demand is there, even if we saw an uptick in mortgage rates. david: talk to a guy selling his house. our own gary kaltbaum is with us here. >> at a good price. at a good price. at a good price by the way. what is the question? david: overall existing sales numbers, pretty good. >> i think housing numbers are fine. look, you know i have never called for recession in spite of many calling for recession and depression. i think we're pretty decent here. my worry has always been we're not immune to what is going on around the globe. there is some issues in europe. there is issues in asia. of course the trade war and all that other stuff. something has to be watched closely. for me, there is no way we're going into recession when the market is at or near new highs. the market will flush it out first. if the market is down 10 or 15% we'll think about it but i think we're in good stead here. david: you see pockets though. housing is a good pocket or at least the month of august. you look at the pockets of u.s. steel and fedex. >> of course. david: there are individual pockets of concern. are they harbinger of the economy. >> markets all-time high. david: talking u.s. steel. we're looking at it, down 13 1/2% today. of course they benefited initially from the tariffs on foreign steel but as those trade concerns slowed down, world economy, people stopped buying as much steel as they were. that is what is hurting the company now. >> look there is a bear market in steel. something that has to be watched which really has not affected the overall, especially here. i'm not going to say it is company specific. if you look at nucor, some other steel stocks, not very good, even though u.s. steel is much worse than others. but on the whole, i think we're in decent shape. and now you have our central bank after 10 1/2 years and full employment, and actually says yesterday, they will have no problem printing money even if we don't go to 0% or have any trouble. markets absolutely love that the wealth effect will stay in full gear. that helps the economy also. david: president trump, for one, was not very happy with a quarter basis point cut. he thought there should have been a bigger cut. what do you think about that? >> well president trump, well, candidate trump when obama and yellen were at 0% was yelling at screaming at them being too easy. now all of sudden they're two tight at 1 and 3/4. david: there is a difference between 0% and one and 3/4 of a percent. there is significant difference. president obama had 0% for most of his presidency. that gave him a big leg up to do a lot of other things. >> you won't see me arguing. i can't stand that there is 0% screwing savers. i think the president should leave well enough alone. 1.75 on fed funds and ten year. that is easy money. powell as much as i can't stand the fed is in line with the markets. david: he is is not line with what is happening in the world? do we want him to be? >> we're not supposed to be. because somebody is at negative rates means we should be at negative rates. david: right. does it mean that we should be lower than what we are now. >> we have never, ever, had to be in line with everybody's rates across the globe. there are some countries with rates at 8%. david: gary not listens. i didn't say in line. should go to negative. should we lower ours so the dollar makes our goods more competitive than they are right now. >> i think around here is pretty darn good. the economy is sound. who knows what is down the road. markets are acting fine. i think the president should back away, and leave well enough alone. i'm a big believer when things are going right, less is more. david: you know what, gary, generally i agree with you. i like the pressure the president is putting on get. they deserve the pressure. they might do what they didn't do yesterday, not cut at all. that would be a concern if they didn't cut at all. at least there was a quarter percent cut. >> watch the 10-year yield, if it stays here, no reason to do anything. if yields start tanking again, they have to play catchup. david: gary, good luck selling that house. >> see you tonight, good sir. david: absolutely. on bulls and bears at 5:00 p.m. president trump says he will use the epa to crack down on san francisco's homelessness problem. he said the waste from homeless people, used needles is creating environmental problems. matt ma cove yak, potomac group president. you're from austin, texas, nowhere as bad as it is in san francisco but do you think the president is on the right track here? >> i do. the homeless challenge in the major cities around the country is gets worse. think about this statistic. california has the largest number of individuals than any other state. three quarters don't have shelter. new york state, only 5% don't have shelter. california is problem totally different scale than any other place in the county. l.a. county last year saw homelessness increased 12% in one year. after passing a billion dollar bond in the city of los angeles in 2016. after passing a tax increase of 300 million a year over 10 years in los angeles county in 2017. david: matt, let me get to you talk specifically about the epa. >> sure. david: the epa was set up to regulate those things hurting public health. i would argue, i think the president make make as good cas, public health is now endangered by simply the irresponsibility of these city leaders to clean up the streets? >> no question. public health and public safety are both threatened by large homeless populations that are allowed to do whatever they want, wherever they want, whenever they want this is absolutely the case in places like los angeles and san francisco. this is a novel approach i think the trump administration is taking by looking at this through a pollution lens. the left claims to care about the environment, claims to care about things like beautification in urban areas. let's see if they put their money where their mouth is with the trump administration and my guess is they want. david: we saw how to turn around in homeless crisis in 1990s. mayor giuliani did it near had new york city. is it was not humane for people to live and defecate on the street. it wasn't humane for them. it wasn't healthy for the homeless. we'll get you into a homeless shelter but put you away. you will not sleep on the streets. he cleaned up the street for 15 years. it was fine until things began to change with de blasio. >> no that's right. obviously homeless populations are complicated there is drug and alcohol abuse. those need treatment. they need to be off the street. people with mental health problems. they need to be off the street. they need shelter there is no question. that is part of the reason why the trump administration in june, president trump signed an executive order to ease affordable housing development. they're doing what they can at the national level. ultimately cities and states are going to have to step up. david: there is a word that these city and state leaders have to know, intervention. you don't allow people to continue to live in horrid situations if you care about them. if they really care about the homeless they would intervene to get them off the streets. matt, thank you very much. good stuff. >> thank you. david: facebook founder mark zuckerberg is in capitol hill, meeting with lawmakers, to make a pitch for moderate internet regulations. hillary vaughn is with us. hopes they will be moderate changes, right? reporter: that is kind of the point of this two-day trip with zuckerberg to have face time with lawmakers behind closed doors, talking about potential future internet regulation. last night senator mark warner organized a dinner with a group of senators including senator richard blumenthal who publicly called for facebook to be broken up. blumenthal told fox earlier this morning that the meeting went great. this is very interesting. this is rare trip tore zuckerberg who has not been on the hill since he testified in a public hearing before congress last year. they want to talk about a number of issues. election security, antitrust concerns, potential conservative bias and user privacy. this afternoon zuckerberg will meet with one of the loudest skeptics of his company, senator josh hawley who has been outspoken about conservative bias on the platform and possible censorship. hawley called for a third party audit of facebook. that is likely to come up in his meeting this afternoon. facebook requested a meeting with senator brian schatz who has been very critical of facebook's cryptocurrency libra. so what happens behind closed doors, we're waiting to find out. it is very clear, david, that facebook's zuckerberg really wants to get face-to-face time with these lawmakers in behind closed doors. david? david: i would like to be a fly behind those closed doors, to hear what is happening. hillary, thank you very much. >>> iran's foreign minister has threatened quote, all-out war in the event of u.s. or saudi military strikes. this threat coming as president donald trump promises to increase sanctions on iran. what are we going to do about all this? we'll be asking general jack keane later this hour. >>> i want to know what's up with the u.s. chamber of commerce talking down the economy? our economy is strong so why are their numbers on small business that they just came out with so negative? we'll be asking them. >>> meanwhile, holiday shoppers are expected to spend over one trillion dollars this holiday season. that is according to deloitte. our top retail guy is next. does he buy those numbers? we'll ask him right after this. ♪ fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands? 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how can you tell what a consumer can do two months from now? >> no one can forecast the future but the best indicator of the future what is happening right now. we say in retail the trend is your friend. sales are up 4% year-over-year. if i were a betting man, absent external forces you will see sales up 4% next few months. deloitte said sales up 4 to 5% range. the consumer is strong. they have been strong for several years. employment near full employment. we saw jobless numbers today, freight again. david: right. >> people are working. when they work, they have money. when they have money they spend it. david: pretty simple. another one for you, gerald. fedex, profits down this quarter. coming after they cut their business ties with amazon. what is your take on fedex? >> well, amazon is a big deal. amazon is over half of e-commerce in the u.s. alone. and so they couldn't come to terms on pricing. so fedex parted ways. that means that fedex is not taking part now, at least not fully in this whole internet revolution. where the growth is in consumer sales. in that same august report i mentioned earlier on retail sales, the internet sales were up over 16% year-over-year. it was just incredible. now fedex has lost that best from amazon. also it's a global company. they're taking a big piece of that global slowdown we've seen even though the u.s. is more robust. internationally it is not so strong. so they're seeing that happen. if anyone is hurt by tariffs got to be a company that makes its living through trade which is what they do. david: fedex reinvented itself time and again very successfully. do you think they will do it again here? >> fred smith is one of my business heroes. every company goes through a rough patch but they always offered tremendously innovative services. i'm sure they are working on that now. everyone is chasing them since they began. remember when they first came out with two-day service. everyone raced to one-day service. everyone raced to one-day service. then we get there by 10:00 a.m. 10:00 a.m. a.m., whatever it is. they are a fine company. they made the business decision that amazon was not profitable at levels amazon wanted. amazon has become their competitor. they are identifying them as such. amazon is shipping the packages themselves. david: gerald storch, thank you. >> my pleasure. david: we'll talk to the ceo after company out with a debit card for kids? would you want your kids -- their aim is teach youngsters about saving money. that is a good idea. i don't know, are you addicting kids on debit cards, credit cards early on? we'll can for hem. >>> the governor of new mexico wants state residents to be provided free college tuition with the growing list of democrats wanting free college tuition. the question as always, is, how will they pay for it? after this. ♪ have fun! thanks to you, we will. aw, stop. this is why voya helps reach today's goals... ...all while helping you to and through retirement. um, you guys are just going for a week, right? yeah! that's right. can you help with these? oh... um, we're more of the plan, invest and protect kind of help... sorry, little paws, so. but have fun! send a postcard! voya. helping you to and through retirement. ♪ at aetna, we find that inspiring.ot game. but to stay on top of your game takes a plan. that's why aetna takes a total approach to health and wellness. with medicare solutions designed to help you age actively. aetna medicare solutions. that could allow hackers devices into your home.ys and like all doors, they're safer when locked. that's why you need xfinity xfi. with the xfi gateway, devices connected to your homes wifi are protected. which helps keep people outside from accessing your passwords, credit cards and cameras. and people inside from accidentally visiting sites that aren't secure. and if someone trys we'll let you know. xfi advanced security. if it's connected, it's protected. call, click, or visit a store today. david: more free stuff. new mexico out with a plan to offer free college for state residents. kristina partsinevelos is here with more on this. how does it work? reporter: before we get to new mexico we have to talk about the fact that student debt levels are astronomically high. it hit a new record. for a bachelors, debt level is $29,200. it increased 2%. the growth rate is little slower. there is good news. if you live in connecticut you have the highest amount at almost $39,000 worth of debt. if you live in utah it is the lowest. often we hear a lot of people talk about the rising debt level. politicians like elizabeth warren and bernie sanders saying we should wipe out student debt at the state level. that is where the new mexico part comes in, they're taking it into their own hands. new mexico proposed a new free education for all residents regardless of your income. tough attend 29 of the public institutions within the state. they plan to pay for this, the cost is 25, $35 million, the estimate, will pay for that through oil revenue. it still needs to pass legislation but it would be free tuition at these public institutions. new york has a similar plan where it's free as long as you don't make more than 125,000. david: that word free is thrown around easily. it is not free to the taxpayers who have to bail out the kids who have student debt or who have to pay for the thing, right? >> precisely. that raises a point, critics arguing that tax dollars go up, the fact maybe money should be better spent towards health care, or, you opt to make this choice to go get a higher education over the lifetime, person with a bachelor's degree ends up making more money. you have to pay the debts now but later on you make more. this is ongoing -- but it is a problem though. $1.6 trillion. expected to go up to 2 trillion for all student debt. we hit the peak or maybe not the peak but the highest levels. david: you remember how much the tuitions are really worth in the bottom line. >> we can get into the debate of government subsidies. why are they giving money to schools. david: we can indeed. kristina. good point. >>> united auto workers strike is it continuing. gm dropped health insurance for those on strike and the people on strike only live on 250 bucks a week. how can you live on that. >>> boeing chief will not allow the boeing 737 to take to the skies until he i am heavily, he is a licensed pilot, flies the plane. ♪ imagine a world where nothing gets in the way of doing great work. where an american icon uses the latest hr tools to stay true to the family recipe. where a music studio spends less time on hr and payroll, and more time crafting that perfect sound. where the nation's biggest party store can staff up quickly as soon as it's time for fun. this is the world of adp. hr, talent, time, benefits and payroll. designed for people. 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(vo) go national. go like a pro. ♪♪ ♪♪ ♪♪ ♪ baby you're a rich man, baby you're a rich man too ♪ david: stu, likes, baby you're a rich man? ashley: i believe so. david: surprise, surprise. it should be the theme song for this show. it's a good day. a good day to get rich. the market is up 84 points right now. it was down significantly in premarket activity but turned around when there was good news on china trade talks. that is always what tips the scales at least for the past year or so. market, dow jones trading at 27,232 right now. >>> the u.s. chamber of commerce out with new data that says the china trade war is hurting medium sized companies. let's bring in neil bradley, the u.s. chamber of commerce executive. good to see you. thanks for being here. there is so much good news. why so negative? >> well there is great news on the consumer side. generational low unemployment, rising wages. consumers are spending money. you go to the business side there is less good news, right? so big businesses are drawing back on investments and fixed property for the first time now we're seeing middle market companies which are 40% of the economy, 40 million jobs, who are expressing uncertainty about the future, what they're cite something uncertainty with the trade wars. 40% of them say that tariffs are hurting their business. david: you know what is not uncertain about the future, neil, are millions of investors all around the world who have nothing but bad news report on their economies who bring their money here because they see a booming u.s. economy with the best jobs market i have ever seen. >> no question we're doing better than relative to the rest of the world but we should be doing better here at home. policy decisions are holding back economic growth here. at the chamber we don't want to settle for two, 2 1/2% economic growth. we think we should be at 3%. david: i think the president thinks 5%. he thinks you have to do something about the chinese who have been eating our lunch for decades? >> sure. he deserves credit taking on the chinese. david: what is he doing that is bad policy decision? >> it is escalation. imposing tariffs, getting to the table, threatening to impose additional tariffs whether on china october or in december. he currently threatened to do, or tariffs on automobiles out of europe or japan. this is the sword of damocles -- david: we signed a partial trade agreement with japan. my point is, neil what do you do other than the president is doing to get these countries to act the way they should act toward us? >> there is lot of things we can do to rein china, including with our allies. frankly we should have stayed in the trans-pacific partnership. we would have had allies surrounding china to challenge them economically. you know, there is a lot of things that we can do. there are certain things that we should be doing right now to help the economy. one is halting the escalation of the trade war. two is congress passing usmca. congress has a lot of responsibility here too. david: absolutely they do. do you think that will pass before the election? >> i do. i think it will pass before the end of the year. david: wow. >> i think it will pass before the holidays. david: really? that is one reason we love to have you here you guys have great information what is going on inside the beltway. nancy pelosi does not want donald trump to have any win before the election this could be seen as a beg win for the president and his trade push, it could also provide us with leverage dealing with china. why would she be willing to give him that win? >> i give a lot of credit to the president and ambassador lighthizer and nancy pelosi. they're actually working through issues trying to come up with something that both sides support. you saw statements out of speaker pelosi last couple days, that were very encouraging. all sides are entering in good faith. one thing we at the business community, chamber are asking politicians to do, put the american people and economy first. at least with respect to usmca they appear to be doing that. we have did over 90 events with members about congress in their districts over august. members of congress, whether they're democrat or republican want to vote for this bill. i'm confident that they are going to have that chance before we all sit down and celebrate thanksgiving dinner. david: wow. from your lips. before thanksgiving? that is a very optimistic preview what's going to happen. neil bradley, good to see you from the chamber of commerce. >> thanks for having me. david: news on amazon chief jeff bezos is hitting back at his critics saying that the his company doesn't do enough for the environment. they're buying up 120,000 electric cars. they are vowing by 2030 to be powered by 100% renewable energy. we'll tell you about that coming up. >>> the united auto workers strike against gm continues. gm has dropped the strikers health benefits. grady trimble is in detroit. how long can this last? reporter: hey, david. we'll have to see. it is starting to get political. amy klobuchar running for president as a democrat will arrive here any minute, talk with picketers and meet with them. one of their big concerns they don't have health insurance coverage through general motors. gm stopped paying for that to put pressure on the union. now that means the union starts to pick up the tab under a program called cobra. the problem with that, they have to pay for that out of the emergency strike fund. that could potentially drain it even quicker. it doesn't include health and vision insurance. that is a concern for these people. there is also confusion what is covered and what's not. they will be talking with regional representatives with the union in the coming hours to try to figure all that out to make sure it doesn't affect them and their families as this strike goes on. for now the talks are going on a few miles from here. there hasn't been much that has come out of those conversations as of right now but we'll keep you posted with the latest as soon as we learn any new developments. david: grady trimble, thank you very much. nbc announcing their new streaming service. it is called peacock, not surprisingly launching in april. no price named yet. roku and netflix were both down on this news. >>> apple has a big reopening of their fifth avenue store here in new york. susan, we remember the glass cube. will this look like anything like that? susan: it has been unwrapped the iconic apple glass cube. it was closed in 2017 for renovations. it has taken two years to get here, reopening on friday to the public, just in time for the iphone 11, when sales officially go online. as you can see here, executives from apple talking to the media. david: you see the logo with the cube around the apple. >> the head of retail, and people, she tooked it off. she took over the job from angela arrons, former burberry ceo. it is bigger and brighter. executives wanted more natural lighting since it is downstairs. it is underground. we have tim cook who will be in attendance tomorrow morning at 8:00 p.m. just in time for the arrival of the iphone 11. preorders are pretty good. retail, bricks and mortar still important to a company like apple even if they are moving into services. david: apple's stock up a tick. oil up 2% amid tensions with iran ratcheting up again. iran's foreign minister is threatening all-out war with a saudi or u.s. military strike after president trump ordered new sanctions on iran. we have general jack keane coming up on this next. >>> the fed cutting rates a quarter point. president trump is not happy. he wants rates going even lower. here is the question, will we see more rate cuts this year? we're asking the one and only charles payne. that is at the top of the next hour. ♪ this is the age of expression. but shouldn't somebody be listening? so. let's talk. we're built for hearing what's important to you, one to one. edward jones. it's time for investing to feel individual. 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>> well, first of all i don't buy the statement he is making. that is bravado, psychological warfare designed to strike fear in the american people. designed to impact the analysts and decisionmakers that, if the united states responds militarily with a coalition based on what iranians did, egregious act of war in attacking the world's economy. certainly retaliation to completely justified based on that premise, then they're going to, going to all-out war. that is nonsense. why is that nonsense? because the iranians, first and foremost want to preserve power and run their regime. and if they do anything, like they're describing, then, the united states would have no choice but to respond comprehensively against them and they would lose their regime. they're not going down that road. here is what they fundamentally believed, they miscalculated. they miscalculated all along about the administration. they never expected comprehensive sanctions they put on, that the united states has put on the iranians and it is crippling them. they have negative been in such a hard place before. they have never acted so desperately as, as they're acting now. i believe, after we go to the u.n., lay out all the evidence, we'll get more international support for what the iranians have done because it is a fundamental attack on the world's economy. and also build a coalition to conduct a limited military retaliation. it must take place. the iranians are counting on the fact we will not do that. david: general, forgive me for interrupting but the point is, every time they do something, they don't see the reaction from us i think they fear, some kind of a military retaliation, from us or one of our allies, so they keep ratcheting it up. first a hit on tankers. they take over tankers. then a hit on our drones. now this hit on the saudi facilities f we don't do something other than tightening economic sanctions against them, won't they ratchet it up yet again? >> absolutely. they have shot down three of our drones. they sabotaged tankers and attacked saudi pipelines and oil pump stations. we tried diplomacy. we increased sanctions. e reached out to them to negotiate. that diplomacy hasn't worked obviously, but the fact is now they have upped their game as we said. they would exhaust their playbook. this is in their playbook. the next thing after the playbook would be to attack u.s. facilities. this is an egregious act of war. this is essential that we respond. they are counting on the fact we will not. david: president says we won't react unless u.s. personnel is actually injured or killed. i don't want to wait for that to happen. >> that is not true. that is absolutely not true. that is not where the president is, okay? the president is playing this very close to his chest. when he plays something close to his chess, be prepared. that is what is happening here. diplomatic efforts, build a coalition, get support for what the iranians have done. then we have to take a measured response but it has got to be, when we do, when we do take this on, start hitting military targets and also economic targets in a limited way, it has to be consequential enough, david, to deter them. it can't be a pinprick. it can't be what we did to assad after he did the chemical attack and we didn't, we did not conduct a consequential attack on him to deter it. he did another one. it has to be significant enough to stop it. david: we've got to run. but you really lay it down on the line. we appreciate you coming in, straightening it out all for us. we appreciate it. thank you, general. >> good talking to you. david: good talking to you as always. >>> more breaking news from the markets. airbnb will file for their ipo next year. we've been waiting for this, susan. susan: in a statement on their website, plans to list on stock exchanges next year 2020, making it one of the highest profile market listings debuts next year. they haven't told us where they intend to list. airbnb, has taken in more than a billion dollars in revenue, in the second quarter of 201019. they are making big sales. they have considered a direct listing according to reporting from reuters. they are going to the stock market next year. internally they have valuation calculations. this company internally back in the spring, valued itself at $38 billion. it has been a tough ipo market. we were shelving at least for now they say until october of ipo listing. they're cutting valuations in half. now a quarter of what it was. we'll see whether in 2020 -- ashley: new york city. david: hotel industry is putting a lot of pressure on politicians. they put pressure on airbnb. >>> a new startup launching a debit card aimed at kids. they say the goal is to teach youngers financial literacy are they just getting kids hooked on credit cards? >>> attention, "downton abbey" fans who could spend a night in the iconic mansion from the show. we'll tell you how much that will cost you in the next hour. ♪ ♪ ♪ - [awith doilies and tifancy mustaches. 5-hour tea time starts when a client says, "i want the mona lisa." 5-hour tea, get a boost from a unique energy blend with caffeine from green tea leaves. - i can't have an off day. 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ashley: he is certified. he will go into the simulator to see what changes were made to the software but interesting development but needs to get recertified as quickly as possible for boeing. david: i admire his courage. >>> a new start up called greenlight launching a debit card aimed at kids. it is aimed to teach young folks to manage financial literacy and parents can monitor it from the smartphone. timothy is here. you know what the complaint is from anybody who had kids. do you want to get kids accustomed to a credit card while in the preattorney era? it doesn't sound right to me. >> it is actually a debit card. david: but it looks like a credit card. >> yeah, yeah, but it is actually like three accounts in one. it is a debit card that the parents have control over so they can choose the account, the stores where the kids can spend. they can choose how much the kids can spend. it has a built-in savings account as well. and a built-in giving account for parents who want to teach their kids to give back. and very soon here, in a few months, it will have a built-in investing account as well. so it is kind of the multiple accounts all built into one. but it is debit, spend what you have is the mantra and, learn to save because you need to have savings set aside too absorb the unexpected. david: i appreciate new ventures and i hope you, wish you nothing but the best in the future. you have got millions of dollars in people that believe in you, have invested in this idea but when you look at the website that you have, i looked it up. it showed a 10 or 11-year-old girl in front of a bunch of dresses holding debit card. it wasn't anything about saving t was about spend, spend. >> if you look throughout the website, even in the app when you're a customer you can see that it is not, it is not kind of heavily oriented towards spend or anything like that. it is about essentially, it has choice tracking and allowances. idea of kids learning to perform work and actually earn money that they get, so it ties chores together with allowances. then it has, the debit card so that you know, the kids if they're going on a school field trip or traveling with a sports team or, you know, doing things like that, then the parent actually have the convenience of being able to give them some money but also have control over where it is used and how much they spend. but on the savings account, one really neat feature, one really popular feature is the parent paid interest rate. so the parent can actually set an apy at any amount this they would like. david: wow. >> they have, so some set it at like 25%, 50%. david: i was going to say. that would be my rate for my kids. >> exactly. it is working. the average across all our parent is 18% and kids just saved over $10 million in the greenlight platform. david: i wish you the very best. you have a lot of support from financial investors. good luck to you. timothy, thank you very much. >> thank you for having me. david: facebook ceo mark zuckerberg is on capitol hill. he will try pitching lawmakers for his plan on moderate internet regulations. here is the question, can he convince hard-line law make that's want tougher regulations on facebook and other social media companies? we'll ask senator john thune. he is with us. >>> president trump wrapping up his trip to california. before that he was in new mexico. seems like he is trying to appeal to blue state voters but is wasting his time there? we'll ask 2020 trump campaign press secretary caylee mcenany coming up. >>> president trump wants to use epa regulations to tack can san francisco's homeless population. how will that work? we have the a former epa officialing coming up here on "varney." ♪ automatically goes into a money market fund when you open a new account. just another reminder of the value you'll find at fidelity. open an account today. david: check the big board. we were up 63 points. we were up triple digits for a moment and things were looking good but again, think about how we were negative for most of the premarket activity today. nice turnaround when people started talking nice about china trade talks again. that seemed to turn things around. the fed rate cut wasn't as much as a lot of people were hoping for but at least there was a cut. some people were worried there wouldn't be any cut at all. september is historically the worst month of the year for stocks. we, included today, the dow is up 11 of the past trading days so that is actually a good deal. >>> pinghe ceo is going to be with us momentarily. look at how it's trading now. it's up 21%. they just issued their ipo this morning. that's why the man who is going to be with us, was ringing the bell on the board. ashley: the ipo price was 15 bucks. as you say, nice opening for this company. we'll see. david: a 22% gain for ping, i think they will take that. i want to talk about the fed. president trump was not satisfied with the quarter point rate cut. roll tape. >> well, i think we should do more because other countries have done more. if you look at germany, if you look at japan, if you look at so many others, they're cutting much more. in fact, they're borrowing money and getting paid to borrow money and we're paying interest and we are the most prime in the world. we have this great economy, we're doing better than we have ever done, our employment numbers are the best they have ever been and unemployment numbers also. we are doing great. but we should be cutting. there's no inflation.