line between the corner and the survey point it is deformed another that point in my opinion. >> so i'm just going back to what you advised us when we are heard that this is when the department didn't get into civil argument but to try and get it fixed we expeditecy with what did you say. >> we don't get into the legal let me see. >> i concur we made a decision i was clear if it was was over the wall we needed a survey and he think that bans what i see here this passage they've come back here and i do feel would need a rehearing based on the new evidence and because the survey was one of the reasons i made my decision if this survey was here the last time we'd have a different conversation so i'm thanking mr. reardon this is the measurement i needed rather than saying take it or leave it i appreciate you're doing that i feel we should have a motion to rehear this. >> and then commissioner walker and get into the other specs. >> public comment? >> stone a member the divisadero hoa we're short on time i'll move extremely quickly you can jump in at the. >> can i ask the attorney is the

friday we had a 200-point gain plus, today 300 points plus, 500 points?y a week away from the first democratic presidential debate, and the front runner took a lighter tone this weekend. how did they do that? appearing on saturday night live. hillary clinton giving america one idea to soften her public image. give her a drink. she appeared as a bartender opposite kate mackinnon, the cast member who plays clinton. they joked about donald trump and whether he could be the republican nominee and hillary's take on the issues. >> what do you do for a living? >> first, i'm a grandmother, and second i am a human entrusted with this one green earth. >> oh, i get it, you're a politician. [laughter] >> yeah, yeah. and how about you? >> well, me? i'm just an ordinary citizen who believes the keystone pipeline will destroy our environment. [laughter] >> all anyone wants to talk about is donald trump. >> donald trump? isn't he the one that's, like, uh, you're all losers? [laughter] liz: that got one of the biggest laughs, i think. she got the timber of trump's voice j

line between the corner and the survey point it is deformed another that point in my opinion. >> so i'm just going back to what you advised us when we are heard that this is when the department didn't get into civil argument but to try and get it fixed we expeditecy with what did you say. >> we don't get into the legal let me see. >> i concur we made a decision i was clear if it was was over the wall we needed a survey and he think that bans what i see here this passage they've come back here and i do feel would need a rehearing based on the new evidence and because the survey was one of the reasons i made my decision if this survey was here the last time we'd have a different conversation so i'm thanking mr. reardon this is the measurement i needed rather than saying take it or leave it i appreciate you're doing that i feel we should have a motion to rehear this. >> and then commissioner walker and get into the other specs. >> public comment? >> stone a member the divisadero hoa we're short on time i'll move extremely quickly you can jump in at the. >> can i ask the attorney is the

s&p 500 up about 16 points and the nasdaq would open up about 95 points higher.twitter ceo jack dorsey is providing a new incentive for employees to follow his vision. he is giving a third of his shares he owns to an employee pool. dorsey's only comment came in a tweet in which he said he wanted to reinvest in our people and said he wanted something that he was going to own that's smaller that could become bigger rather than owning a bigger share of something that's smaller. >> if they were to dull out the shares evenly it would be about $55,000 per employee i believe. which is not bad. we should tell you that cnbc's republican debate is fast approaching. it's coming up on wednesday october 28th. in the meantime we have been trying to drill down where some of the candidates stand on a lot of issue and since the debates in colorado we figured the marijuana issue is one place to start. john harwood joins us in washington and he has more on that. >> >> our debate takes place at a time of rapidly changing attitudes on social issues as well as criminal justice. it tak

point.t's come out. had you bad economic data, and now are you factoring out the quarter point. it seems like the reaction is pretty good shape. >> let's take the easy analysis first. october is off the table. i mean, unless something crazy happens, it's off the table. looch us having saying that the u.s. economy is stronger to power through what's going on overseas. the august job report, the september jobs report actually would cast a lot of doubt on that, and now we have to change the narrative a little bit to say, well, let's see if we hit some stabilization in china. you raised a good point, steve, and i want to stress it. auto sales were through the roof, and they've been going very strong for some time. that and the housing market that's going strong is enough to put internal consumption going strong here in the u.s., but we can no longer ignore whether the affects of overseas volatility are coming home to roost. >> domestic consumption is strong, but i'll never forget the morning tha

i would again beyond that key point of a easterly direction from limerick at this point near schwenksville around 5:01, graterford add 5:02, collegeville that is right on the edge on the southern edge at 5:02 as well as this pushes offer to the east. we'll take a look at the particular map of where this was issued. they have not cut, and when i say they, that's the national weather service because they are the ones who issue these tornadoes warnings anywhere near royersford but we know it is pretty far to the east of that area at this point. again, that tornado warning in any community that is near or with? inthis box of the red from king of prussia to east norriton. it does not include lansdale but you'll still see some pretty nasty weather as this line pushes in from the east. again, we'll take a look at the radar. you see, again, we have that little bit of a void, that little hook in the radar. where you get the hook, we don't have much in the way of heavy rain, that is where you can get the circulation. so typically north of that circulation near green lane, souderton along the northea

dow pointing to lower open by 12 points. s&p downside. nasdaq down by 8.hing fbn:am, first look at morning markets and breaking news. ♪ ♪ ♪ when account lead craig wilson books at laquinta.com. he gets a ready for you alert the second his room is ready. so he knows exactly when he can settle in and practice his big pitch. and when craig gets his pitch down pat, do you know what he becomes? great proposal! let's talk more over golf! great. better yet, how about over tennis? even better. a game changer! your 2 o'clock is here. oops, hold your horses. no problem. la quinta inns & suites is ready for you, so you'll be ready for business. the ready for you alert, only at lq.com. laquinta! >> nicole: breaking news this morning. dow rocketed 300 points higher yesterday. this morning are pulling back just a little bit. good morning, nicole petallides. two great days. dow is about 3%. today the dow right now down 12. s&p almost three and the nasdaq down almost 9. >> cheryl: i'm cheryl casone. we are going to have have the numbers for you. >> nicole: devastating flo

my point, okay. well, let me ask something slightly different on energy security, but i have, very important piece of this as we look at all of our infrastructure. and that's something that has impacted michigan very directly, and that's the safety of our pipelines. and particularly in the area of oil pipelines. weave've had, as ah know, a devastating pipeline break and at pun point, $2.2 million to clean up the kalamazoo river. it was a disaster. and now we have a situation where we are very, very concerned. people all over michigan. the state is concerned, about a 62-year-old pipeline that runs under the mackinaw straits that connects lake michigan and lake huron that if in fact there was a break would devastate the great lakes, 20% of the world's freshwater. there have been a number of different models that have been done of what this would mean. but it's devastating. so senator peters and i have introduced legislation to address the safety concerns around the pipelines that run throughout the gre

seen up by 12 points, could add 104 points even. up triple digits and the nasdaq higher by 26 points. this is after we closed lower in yesterday's trading session and one of the biggest factors was walmart taking 44 points off the dow. i want to talk about another company first. netflix. third quarter earnings disappointed missing on the top and the bottom lines. the company cites low subscriber growth in north america adding 880,000 new users versus 1.1 million. for more on the numbers she filed this report. >> earnings came in a penny lighter than wall street projections. total subscriber numbers grew better than expected to 69.17 million around the world but that was driven largely by international growth while u.s. subscriber growth fell a bit short. the company says that was in part because of the transition to u.s. chip cards making it harder to collect what it called involuntary turn. they were still very bullish on netflix's ability to keep growing it's user base despite growing competition in part because of the value the c

s&p 500 up 6 points. dow jones industrials after the 459 point swing we're up some 63 points.heavy nasdaq should see gains of 25 points. let's tell you what to watch for on this trading day in september. ism is out at 10:00 a.m. more than a decade high in july. it's going to slip a little bit in september but still indicate that the sector is growing. last week the ism manufacturing index dropping to its lowest level in more than two years. let's see bob iachino, chief marketing strategist. bob, lots of volatility back in the markets. what do you see this week? >> well, i like being on this monday morning show, susan, especially after a jobs report like we had. the swinging that we had. a lot can be garnered from friday in terms of the way monday should play out. there's an underlying theme. we kind of need to be concerned. i clarify my view. it may happen this week with the data you mention. we have four fed speakers on. we have williams, all speaking this week, all probably speaking the same way as the fed speaker this morning did, that it is potentially still on the table f

point well taken.ten, also on the subject of gun violence who tweeted both myself and the doctor. they are asleep at the wheel. i raise the point that a lot of parents were watching seeing, gee, my kids have characteristics. at what point am i supposed to report or do something. my favorite tweet has to be from jacob adler, trump and fiorina created jobs. what have you done besides sitting there this like a star spangled kid in your herringbone jacket. do you know how many jobs were created by making this coat. thank you for your tweets. see you back here next week. because the more data you have, the better. and right now at at&t get $300 credit for every line you switch when you trade in a smartphone and buy any smartphone on at&t next. everyone needs protein, every day. there are more than 20,000 different proteins in the human body. they fuel our energy, support our metabolism, amplify our performance and recovery. they're essential for good health. your body's best source for protein? gnc. now get

ashley's point, the bar is very low for earnings.hat happenses this ear ins season everything is compartmentalized. what i mean if somebody misses not taking whole sector down. we saw that with chipolte and mcdonald's doing better. trish: what the heck is the fed going to do as we look at environment where china, it is not going it turn around overnight. we saw the latest gdp read, 6.9%. nothing like what we used to see. even if you believe it. ashley, you and i have our doubts on that. i don't know how the fed can possibly move in the new environment where it's a race to the bottom. everybody is out there printing, doing various forms of qe. will we find ourselves, ashley, your thoughts on this, in potential qe4 situation down the road? do we need to print more money. >> i hope not. trish: to inject life into the economy. i hope not too, but i wouldn't be surprised if these guys looking at it. >> people talking more about that possibility, trish. certainly is there rate hike in works end of the year? probably not. you push that back

we do have the dow tacking on another four points, now we're up 44 points., did the companies whose stock you own make money this past quarter? we will give you the road map to navigate what could possibly be a volatile next four days. coming up. >>> and isis aggression and murder isn't going away, but is this the man who can solve it without risking american lives? what presidential candidate bernie sanders said this weekend that's actually resonating with more than a handful of people who disagree with him on a lot of other subjects. that's next. ♪ ♪ the promise of the cloud is that every organization has unlimited access to information, no matter where they are. the microsoft cloud gives our team the power to instantly deliver critical information to people, whenever they need it. here at accuweather, we get up to 10 billion data requests every day. the cloud allows us to scale up so we can handle that volume. we can help keep people safe; and to us that feels really good. usaa makes me feel like i'm a car buying expert in no time at all. there was no str

point, point, point, point, point, point. point. then this point attack with the fingers.tion of hokama sensei's open-hand kyusho technique becomes a little too real for my taste. >> oh! awful. >> human engineering with a terrifying logic, attacks the weak point. all i know how to do in this situation, by the way, is pull guard and look for something to choke or lock. nope. apparently they don't know what tapping out means here. because i was tapping like western goddamn union. i thought he was going to push that 71-year-old union right into my brain pan. >> there was a saying in the old days. if there was a fight happening somewhere in town people would go and have a look and they'd say are they fighting with fists or open hands? and if they were fighting with fists they'd say oh, don't bother, it's an amateur fight. if they were fighting with open hands, then they knew they were masters. >>> on the eastern coast of okinawa, yanks entered the village. >> the u.s. military came ashore in 1945 and to okinawans, it must seem like they never left. today there are roughly 30,0

she was ahead 11 points last time they did this poll. she's up 11 points now.hat is different is if you add biden into the race, and he's taking 14 points, it looks like, from hillary clinton, and bernie sanders loses about 8% to him. -- about eight points to him. that is what biden does. she still leads, but biden makes it a closer nest. john: her lead at 11% has been consistent. she has been ahead of bernie here, as opposed to new hampshire. 11% is not a safe gap for her, right? ann: the one other thing i looked inside to the cross tabs of what they had -- one of the things that is interesting is that there is a higher "not sure" among women. these are people who say they are likely to caucus. they are 21%, either uncommitted or unsure. that is a really high number. it's 7% among men. john: the other thing that is interesting, i think we now know on the basis of the cumulative polling, that it is the case that biden will, in most instances, draw more from the establishment. because sanders voters are voting for sanders, he seems like he hurts her more. it mat

sanders lead grows to 14 points. he's 9 points ahead, 48-39. listen to how clinton responded on one of the sunday shows if she could lose new hampshire or iowa and still win the nomination? >> well, that certainly has been the case in the past, but i'm not going to lose. i'm going to really work as hard as i can to make the case first in the iowa caucus, then in the new hampshire primary. >> there's nine days until that first democratic debate and we still don't know if the vice president will be there. harris? >> meanwhile on the gop side? >> reporter: well, trump still on top but his lead is shrinking. according to the same nbc/wall street journal poll trump is beating carson. and in new hampshire he's ahead and he's dropped 17 points. his opponents are up. carly fiorina has jumped 10 points to 16%. jeb bush up by 3, marco rubio by 7. trump didn't let the latest numbers phase him on the sunday shows. >> right now i love polls because i'm winning everything. if that changed and that went in a different direction and if i thought that i wasn't

and we were expecting an 80 point rally and we're expecting an 80 point selloff where the markets open weaker than expected. 142,000 jobs added to the economy in the month of september. unemployment rate stays 5.1%, very quickly, we've got an expert panel today. bill, your observation on this number. >> everything is going the wrong way and now i think we're going to have to worry whether we have 2, 2 1/2% growth any more and i think the fed, i think it can be put on hold. >> it's gone the wrong way, but the right way in terms of your scenario, keith mccollough. >> the revision of the august number, not 173, and bad numbers, at the end of the cycle. love to hear what my friends say about this. maria: charles. >> it's heartbreaking and maybe the fed knew all along the junk about importing deflation was a smoke screen and maybe why the markets reacted the way they did when the fed didn't hike rates, didn't hike rates, you know, we crashed. >> bad news, this was a tough one, like earlier in the show we said a bad print, on the 10-year, bad news, bad news for the stock market, one that peo

later on seemed to point to analysts.ent community said you guys should have been able to do the math and said we were raising wages to ten bucks. what did you make of how this announcement came down? >> i think he had a point. i take some responsibility along with my fellow analyst. we should have figured out that the expenses were going to be higher than what we were planning for. so i think doug's got a point to say hey, guys, we're going to give you longer-term outlook, but we're putting in more investment in the stores. you all didn't figure that out. so one of the reasons i think they gave longer term guidance is for us to really get that right. >> is that now going to prompt you to look across the entire retail space and start doing the math, not just on wal-mart which had a nice round $10 number, but everybody affected by higher minimum wages in much of the country? >> wal-mart was taking its minimum wage up to $9 an hour earlier this year and $10 next year. that's somewhat different than others. wal-mart is tryin

that's a my first point. the second point is that subsidies are public, and they can be negotiated by trade negotiators, but many rules and standards are private. and these different regulatory rules can impact the trading system. they're set by a range of private trade associations, professional bodies or international forums. aftm, iee. these private standards then can be incorporated or referencessed in government -- referenced in government regulations. and that can close off alternative methods of equivalence or compliance, and it can impact market access. using private standards referenced in government regulations. the third issue is that global supply chains have profoundly affected the patents of international trade and production. but the interesting thing about ttip is that many firms, unlike a lot of other trade agreements, put in joint proposals in many sectors. we sort of set it out as the u.s. wants this, the e.u. want that. but in chemicals, auto, pharma and labor, there were a lot of joint pr

they wanted a $20 price point.hey are considering releasing updated financials as one way to improve investor comfort. they believe their perspective is valid. kroger which people consider to be a good comp to albertson's had an uptick today. general stock market conditions. optimism on this deal here. not clear if this market will tolerate anything less than an exciting and good fundamental story. >> it's unfortunate timing they were going to pick the very day walmart comes out with this, you know, huge announcement. we just don't see days like that for a stock like walmart that often. i wonder now that it's happened, has it poisoned the well for albertson's or is it just going to be a distant memory by the time they look in the next couple of weeks to try it again? >> having talked to people involved in the deal and investors, one issue is the walmart retail story. to be fair to albertsons, the price momentum was around $20, $21 prior to yesterday when it sunk to more like $17. walmart did have an impact. on the

whatever point deal volume peaks, will, by definition, be the peak. >> look earnings makes the pointery leerl in the story. >> it means that the road could go on for more than a year. he poins that out in the piece. is it is it something to be cognizant of? somebody that quotes him says it feels like a lot 19 6 and 2007 in the magnitude of the deals and the flurry they're starting to come maybe before the exit closes. that's all. >> fair point. again, you never know it's the end until the end. it seems sort of dumb to say out loud, but, you know, you could have pointed to overvaluation in 1996 and say this is the highest we've had, and that continued into 1997 and then 1998 and then ultimately it was 2000 that proved to be the peak. >> maybe you have more clarity after the bell. i said a flurry of earnings. earnings season really getting going. anton, the cio of men den capital advisors live today from rochester. good to see you again. >> always a pleasure. >> nothing glamorous. i think we expect nothing glamorous out of any of the big financials. >> i was just going to say, could th

we were down 90 points. suddenly started losing more. at this hour, the dow is down 174 points. the markets were already losing ground and possibly hurting your portfolio because walmart lost altitude costing everyone big from warren buffett who overs 70 million shares to your own 401(k) perhaps? but add to that the lacker interview and you see the dow industrials down more than 170 points. walmart warned future earnings will fall 12% by 2017. you see the stock down nearly 10%. much of the world splitting the focus between walmart, the markets plummeting and what happened last night at the first democratic debate in las vegas. most pundits at this hour who are assessing the performance of the five democratic presidential candidates giving hillary clinton the edge saying she showed confidence and leadership qualities, and made no major gaffes sending off limited challenges. if not hillary, then who took the hit? try wall street, the candidates attacking america's financial epicenter, each in their own way. bernie sanders, martin o'malley, jim webb and lincoln chafee doing little

that's my point. my point is the a.r.b. did some good things. that's why our first two hearings were on making sure the recommendations by the a.r.b. were actually implemented. but when the author of that e-mail is going to be brought before congress and one of the co-chairs calls your chief of staff and says i don't think that that witness is going to be a good witness, madam secretary, with all due respect, she's a fact witness. whether she's good or bad, the author of that e-mail has a right for congress to question them. i mean, that's not even a close question. so somebody can be a good person, and i have no doubt that mr. mullen and mr. pickering both are. but this is also what i don't doubt. i don't doubt that that phone call was made to miss mills saying don't send charlene lamb before congress, she's not going to make a good witness. and i don't doubt that there's not a transcript from any of the a.r.b. interviews, and you may say why does that matter? if you're going to write a report and you want to write a report with specificity and

to 95 base points for real estate investments okay. this is really, really high and then we don't mind if we pay high expenses if we can get the performance but the performance is not there the fund from the consultants is not doing well, all the mid cap and their below market perform from 2015 the equity in the expense ratios are over 40 basis point and i'm really concerned because the market right now is below dow jones 17 thousand it is going up both that and today it is not just the market correction the market is going down it is going to be possible a bear market means it could 0 go to 10 thousand and the goal maker from prudentially is not protecting us all of them all they do as you grow older they recommend you put more money into the bond funds by the way, it is the bear funds is not performing well, i've said many times why can't we have other choices like short time or medium term bonds we have no choices but i have written to you many, many times but don't get no response i'm talking to a wall okay go when will you respond

bigger point. we keep talking about china and switzerland, outsiders how they could be left out, discriminated if you look at it from different perspective they are arguably free riders. a lot of provisions in tpas are public goods. public goods you can only give once, transparency, privatization. if i'm in china i get all of this for free without having to give everything. the question is what are the incentives for china or switzerland or outsiders to join these aroundarrangements? you have to go back to tariff issues, government procurement. it is a game-changer. not that they're discriminated victim, in many ways they have become free riders. if you look at tpp and investment chapter there, tpp has 12 countries. we've looked at this. another 10 or 15 you could easily get a critical mass of close to 90% of fdi flows and stocks. you could by adding a handful of countries making plural lateral. that covers critical mass. on topics that must be dealt in multilateral setting, subsidies or other ques

and urban meyer just made a great point to heather. this rutgers offense, you could say whatever you want about their record. they've been scoring points on people. almost on every team they have played. tonight, they were control. they had a nice opening drive. other than that, ohio state put the clamps down. it's because of the way the defensive line has played in the man coverage they play on the outside. the reason i feel this is a turning point isn't just the 49-7 win over rutgers. it's because their guy, their leader is back on the field end executing this offense and leading this team and he is providing abilities to make a lot of plays, running and throwing. >> chris: you can call it a turning point. that go from pretty good to really, really good. still undefeated, still on course for the showdowns in november against michigan state and michigan. wrap up the cannon crew. only a couple of shots tonight for rutgers. plenty from ohio state. next saturday, 8:00 eastern on abc, the fighting irish visit philly and undefeated temple.

cac down to the downside. >> cheryl: dow jones to the lower opening, dow pointing lower, 61 points inthe country's biggest airlines blaming acting ceo immediately while the current ceo Óscar mrnlings -- muÑoz recovers from a heart attack, that was on thursday. what a scary situation. >> cheryl: ibm may have a rough day today. bigger than expected loss. fourteenth quarter in a row that ibm posted a drop in revenue. ibm shares almost 5% in afterhours trading. >> nicole: commerce department is expected to report that housing start rose in september. are helping many americans to buy houses for the very first time or upgrade, economist expect the national association of realtors to announce thursday that existing home sales edged up nearly 1% in september. >> cheryl: ferrari ipo process expected to begin, after the closing, start training tomorrow on new york stock exchange, under the ticker, great, race. investors start your engines. >> nicole: i love it. i love walking by the show room in manhattan so many times. head lines from the wall street journal. apple ceo talks new frontiers, to

that is a 9 point gain for carson while trump has lost 5 points.n has one three -- two of the three polls in the united states. >> you don't produce jobs through any kind of stuff like that. you don't get to the point where you embarrass people, you don't get to the point where you pound them over the head. i know that they're gnat going to come to your place and create jobs because you yell at them. >> cheryl: well you, want to make sure you tune in for the wall street republican debate here on the fox business network. >> nicole: jeb bush and his brother gathering with top campaign donors. he also said jeb bush is experience as florida's governor will ultimately win over voters with fewer than 100 days for debate. >> cheryl: president obama going to be in chicago today, he's expected to make a pitch for stronger gun laws, chiefs of police, police chiefs from across the united states, called for universal background checks for firearms purchases. most american support gun laws. disagree with comints made by fbi director on friday. he added scrutin

the s&p giving up about 11 points. the nasdaq actually was down 0.8% on the day, or 40 points. obviously we have the discussion about valeant, pharma, what's happening with the rest of the biotech space. mary thompson covering american express results. josh lipton awaiting e-bay's. thanks to all of you. we'll see you in just a moment. on the panel today, john ford and kate kelly. and lindsay bell from s&p capital iq. and "fast money" trader tim seymour. welcome one and all. i don't know where to begin in this market. that's exactly it. biotech. is that story now over because of what's happening with valeant? >> i think it's early to say that. i talked to a number of people about what's going on. one banker i spoke to said there's been so much excitement about biotech. did sort of reference the run-up come and gone. that's beginning to create more arbitrage information. i did think it was interesting, though. perhaps indicative of market sentiment that this valeant story dragged down the whole s&p today. it wasn't an isolated thing. granted, a 30%-plus drop is not going to go un

>> we are at a pivotal point, the last point that chairman, boy, that's a liberal talking point that the bankers make too much money. democrats are going to grab that one and run with it. but the fact of the matter is deutsche bank points out, i disagree with gary slightly, it was a kind of a, you know, a mismanaged company. that may well be, but the fact is deutsche bank had such a tough time because of exposure to china. that's the story you're going to see, china is slowing down right now going to affect not only finance but manufacturing service industries across the board. i think to your point, we are seeing a pivotal turning point. you're going to see a slowdown in finance. other companies are going to report bad earnings. i think the economy is really starting to drop as witnessed by the gdp number. >> okay, hold those thoughts. we're going to continue the conversation in just a minute. we're speaking in a broader sense of economic health, the newly elected speaker of the house paul ryan presented his vision. >> how reassuring it would be if we actually fixed the tax code, pu

but, my first point of basic point is when you just made and that is, a good transition is a part ofood governance. that's really, to me, at the essence something i care deeply about and many others do to is how are we going to governing. how are we going to get things done, particularly highly partisan atmosphere, which can be accelerated with all of these communication channels. so, think that is part of your conclusion. >> guest: it is. the last point in the book is the importance of management. because you have opportunities right at the beginning of your administration to make changes and that really happens as people are dealing with the crush of all of the events that they have been dealing with or issues that they had. so, it's hard to carve out time for management and also the political payoff is not that great. i know one person was telling me that with president clinton that he was interested in management in some ways, but he knew it wasn't something that's ever going to help you. it can harm you, but it can't help you and so there were things you all did early on like cr

up 64 points at the peak. but then down 211 points. and now we've come back some. down 34 points.ashin was telling us we have 300 million to buy going into the close. a minor bump maybe coming into the close here. joining us independent investment consultant david dorst. happy thursday. what do you think as we go into the quarter here? we were just talking to the gentleman about russia and syria. will that eclipse, do you think, some of our economic concerns here in this country as it pertains to the market sfs. >> it could. as you mentioned, bill, that could be another reason for the fed to ease. my takeaway from the fed -- >> not tighten. >> ease further, not start tightening. >> right. >> my takeaway was forget about housing and the unemployment rate, which was the former fed benchmarks as to whether they were going to start tightening or not. they say instead we're looking at china and inflation. the inflation numbers that are come in this week have been also to the weak side. and in europe also minus 0.1% year over year. i think we've got to look at the fed's message, which i

that's point number one. point number two specifically to the question you brought up, i think to the extent the confusion and the concerns are driven by the drug pricing debate, i think that's likely to go away in the next several weeks. politicians cannot sustain attention to particular point forever. there is no doubt the drug prices are an important subject matter. we need to thing a lot about. before we have quick solutions how are we going to find innovation? >> i wanted to follow up on the notion about the biotech bust at this point. if drug pricing concerns fade away the next several weeks, what is the catalyst to get investors off the sidelines and get investors to be less nervous about the market? is it going to be a renewal in the ipo pipeline for biotech? is it going to be renewed m&a activity? what is going to get people to say maybe we aren't that bad here. >> as always, my view on this matter is that it's never something highly visible and highly specific, but rather a series of subtle sequenti

look at this, we are climbing -- listen, point by point here.as watching, suddenly we're up is 11, 12, 13, 15, 17, now we're up 13 points. it is not scaring the markets, these headlines that have come out. but what is? maybe, well, not certainly what was revealed by the federal reserve late this afternoon. nearly every fed member still sees interest rates moving higher by the end of the year. the september fed meeting minutes just came out at 2 p.m. eastern. we're showing you the intraday chart here, initially tanked about 0 points of -- 30 points of gains. yields dropping a little bit of a flight to quality, but now as you see, we have the yield back up 2.05%, now at 2.09%. and money piling into stocks with the dow up 128 points. most fed members say they still see liftoff for rate tightening this year, but there's still major global economic worries on the horizon. it was the news that came an hour and a half before that that's really grabbing attention right now. house majority leader kevin mccarthy stunning his republican colleagues by dropp

the fact is that's the point of it.y of state on september 11th and 12th when what transpired in benghazi resulted in the loss of four american lives. are we going to see, is there going to -- in your judgment be real accomplishment on the party of the benghazi select committee when hillary clinton testifys? >> i think trey is going to get to the bottom of what happened which is the point from the beginning. democrats trying to make political points out of this for a long time now. one republican. but the truth of the matter is you should judge the committee by work, what it's done, what it's done up to now, what it does in the hearing next week and the report after that. we could put political spin on anything if we want to. that's what we do in washington, d.c. >> we've noticed that from time to time. >> we can judge this committee how it behaves and what it actually accomplishes. let's wait to see what happens next week before we say what this is all about. lou: let's turn to another area that is sort of remarkable,

carson is up 13 points to 31%. while trump dropped six points to 19%. marco rubio also gained six points, placing third in this poll, as well. altogether, four polls released within four days of each other, have shown trump losing steam in iowa, where the republican caucus is little more than three months away. >>> donald trump is receiving attention this morning for a comment he made at a special new hampshire town hall on yesterday's "today" show. take a listen. >> with the exception of your family, have you ever been told no? >> oh, many times. i've been told no by him. many, many times. i mean my whole life, really, has been a no. and i fought through it. i have been -- you know, i talk about it. it's not been easy for me. it has not been easy for me. and you know, i started off in brooklyn, my father gave me a small loan of a million dollars. i came into manhattan, and i had to pay him back and i had to pay him back with interest. >> let's just put this in perspective. you say it hasn't been easy for you but my dad gave me a million dollar loan. >>

and one other thing i thought i would point out here. you have "life" magazine issue, "war hits red oak." at the pass, 45 men from red oak, iowa, in the local national guard unit are going to be killed or captured by the germans. this was the point where the reality of war in north africa and the european theater will start to come home to americans with these losses in such a small town, so many boys in one single battle. behind me is a 105-millimeter howitzer. the howitzer was originally designed to shoot at aircraft, but in north africa, we discovered this was an ideal antitank weapon where the guns could be lowered and then fired at tanks across the desert in north africa. it was a very effective weapon. this map introduces visitors to the situation when the allies landed in north africa in november of 1942. you can see on the map that the allies are represented in blue, but the axis powers and the territories they control are represented in red. you get a sense of the scale of adolph hitler's power where he and benito mussolini have

that is the first point. second point, as you know most of the members of our union were in favor of the zero hedge funds. so i respectfully disagree with the last speaker that the increase should be from 5 up. 5 is actually too much. so keep that in mind, and don't go back to increasing it. third point, divestment from fossil fuels. our union passed a resolution i think two years ago hoping that this would be a fast process. climate change, i don't need to remind you is really, really bad. i'm commenting on this because i see on the agenda no. 10 and 11 is divestment report from sudan, sudan and tobacco, i believe. i look forward, actually, to that discussion although i can't return for it, unless you change the agenda. but want to know what the progress is on fossil fuel divestment? our union passed a resolution supporting level 2 and we haven't heard a report as a recall on the progress lately. and level 3 is what we really want and we want it quickly. i also look forward to tomorrow at the board of superv

points. today's big market story is the september employment report. forecasters say the economy added 200,000 jobs last month. that is seen holding steady at 5.1%. we'll have more on expectations and what's at stake for the markets in just a moment. a gunman shot and killed nine people and wounded several others at a community college in oregon. the suspect was shot and killed after being confronted by police. president obama speaking out late yesterday saying that thoughts and prayers are not enough. >> this is a political choice that we make. to allow this to happen every few months in america. we collectively are answerable to those families who lose their loved ones because of our inaction. >> we will have a live report from oregon in just a bit. >> business stories that we're watching this morning, credit monitoring from experian disclosing a massive data breach. the information included names, addresses, birth dates, social security numbers, driver's license numbers and passport number

jo: is interesting point.nd streamline its model and compete more about competitors like hulu. >> when you're successful, companies come after you. jo: got something on that. charles: next, new details how the u.s. may be losing business to other countries. it's a big topic. we're all over it. . . opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. charles: new report showing we have one of the highest income tax rates of major countries as ireland is cutting its taxes. john brown says our tax rate is driving businesses out of this country. john, i wish i could say that is fox news alert but it's not. although looks like happening increasingly faster rate these days. >> yes it is, because companies are generating profits around the world as trade tends to become more free. particularly trading in china and everythin

we are up 210 points. we have a good nasdaq number, up 80 points.ecent percentage gain, there look at the dow up 210. the high of the session, 219. anything can happen in the next 11 minutes. the s&p is above the critical 2000 level, so what's leading the way? head to ashley webster. ashley, down at the new york stock exchange, i mentioned the financials, it's got to be a powerhouse. >> reporter: that's the driver, liz, interesting, maybe we're back into the bad news is good news situation, we found out that inflation, what inflation, remains suppressed. consumer price is up 2%. another reason for the fed not to raise rates. there are the financials for you. goldman up 3%. citigroup reported this morning, doing just fine, thank you very much, up 4%. b of a up 3.5 and wells fargo up 2%. this is the sector leading the charge higher as you said, liz, the dow up 200 points, keeping an eye on netflix after the bell yesterday, got a weak third quarter report. didn't get the number of subscribers in the u.s. they wanted. that stock taking it on the chin to

two point allen eagles. 3. still in the first.. allen at the winside five yard line and cody thomas barrels into the endzone. two point conversion failed. fourteen to six allen. 4. in the second quarter. winside's hayden king goes forty yards for the touchdown. two point conversion good. game tied at fourteen. 5. with four seconds left in the half. winside down twenty-two to fourteen. brandon waters makes a great throw nad marcos escalera makes an even better catch. keeps his foot down. touchdown wildcats. two point conversion no good. at the half allen led 22-20 and allen prevails... 38- 28 the final. chris>> if randolph wants to finish with a winning record this season they may have to win this game against fellow 4-2 team stuart. beause waiting on deck in the final regular season game next week is 6-0 osmond. stuart has lost 2 games in a row by a combined 82 points after starting the year 4-0. 1. pick up action in the third quarter.. randolph up forty-two to nothing. randolph's drew loberg returns the punt.. makes a few moves an

one last point. i'll close with this - i think your attorney sat down with the state department and said we have a problem, and so we got to come up with something, that this is not the secretary having the emails in a provide server. i tell you what let's do, let's go back and ask madeline albright. secretary of state in 1997, that never had an email account, or let's go back and ask colin powell, condoleezza rice to provide... >> mr chairman... >> i'm telling you, it doesn't smell right. >> if i could respond n the course of trying to answer and archive information, the state department determined that they did have gaps in their record keeping. the people who always go in when disaster strikes, they pulled out. that doesn't include 20 other and it was much more than me, it was gaps in respect to others, other secretaries, and others within other state departments, and the technology in the state department and within the entire government is notoriously difficult, and often unreliable. i think it

>> john makes a point. the central valley of california where the top ones are is desperately poor now, a lot because of regulations wrecking the agriculture industry or at least hurt it. i will say this. when i came to california in the '70s the entire l.a. basin smelled like the tail pipe of your car. it is significantly better. it didn't happen by accident. >> mike, there is something in economics called the law of diminishing returns. in the '70s and '80s you needed pollution controls. the government agencies are so big they feed on themselves. they only exist to employ the bureaucrats. >> you look at the paint care program in california. that makes sense. paint manufacturers, recycled consumer paint so it doesn't get dumped. they go over board and stop the building of water storage tanks so they have a drought, they're in trouble. that's when they go too far. they have gone too far over the years. >> sometimes the government agencies cause problems they are meant to protect like the animus river spill

s&p down 25 points right now. a 200 point drop. 205 points down for the dow jones industrials.y the week job report in the month of september. only 142,000 jobs created in july and august revised much lower, helping compile the numbers is thomas for as. the- thomas perez, assistant secretary of labor. >> we always aim high in the obama administration and last year was the best year in job creation since 1999. this year is as good as to the 12 or 2013 which was solid. we always aim high. when you have a report that does not meet expectations you are always looking to see what is behind a report and what can you do. we are still the end of the world in terms of our economy but we can do better and we know what we need to do to get better, past the transportation of her structure bill. we need to pass the reauthorization of the bank. get rid of these ridiculous sequester cap's. that exactly what we need to pivot to. this report highlights we have six to seven months of private-sector job growth to the tune of 13.2 million that we can do better and we know how to do better. i hope

there is no plan b at this point.think paul ryan feels like the party will suffer more and the freedom caucus will suffer the most because they will be blamed for whatever ensuing chaos comes. on the rules change i think he would settle for tweaks and some type of commitment to not overthrow him. >> how does any of this stop the stuff that has been going on? is there any indication we are not going to have a government shutdown come december 11 and not have a fight over the debt ceiling again and issues like planned parenthood stopping everything thanks to ted cruz and the rest? it sounds like they are still in revolutionary spirit on the republican side. >> there is but there is counter revolutionary spirit. look at the discharge petition that pulled the bank out of the financial services committee. that got 218 members of the house which they flexed their muscle and showed that they have a governing majority. if they want those 218 can continue to get together. you might see some coalition style politics. but the ti

and gary brings up a great point. it's hard to predict how the market's going to react even to bad news at times. but when i start to look at what's happened to margins, operating margins, in other words, how much profit companies have been able to wring out of each dollar of sales, that's been on an upward trajectory for about seven years now, and it's starting to flatten. so i really am nervous about the fact that if companies can no longer boost their profit margins as they have the past seven years, then what's really going to drive earnings higher? and, further, what's going to allow them to continue to increase dividends which has been another thing that investors have really flocked to the past few years? neil: yeah, something to fall back on. maybe your stock isn't doing much, you've got the assurance of that steady dividend. we'll see, gentlemen. a as they say, time will tell. take a look at this, amazon on fire. i'm not talking about any of its products, i'm talking about the stock. it's up 93% this year. it