in the 19th and early 20th century before the advent of prudential bank regulation and deposit insurance and before action was taken to ensure private money creation by banks was appropriately regulated, repeated crises did substantial damage to the u.s. economy. i believe congress should work expeditiously to pass much-needed legislation to bring stablecoins, particularly those designed to serve as a means of payment, inside the prudential regulatory perimeter. i look forward to continued partnership with other regulatory agencies and congress to address the risks of stablecoins. before i move away from the discussion of making banks safer, let me say a few words about the potential risks to banks posed by climate change. as our nation, and the world, grapple with how to respond to climate change, banks are increasingly focused on the risks that climate change brings brings to their balance sheets. the federal reserve is working to understand how climate change may pose risks to individual banks and to the financial system. the federal reserve's mandate in this area is important, but na

. >> up next, we'll talk to the head of global insurance giant prudential as to how macro concerns insia are impacting that business. >>> and later chris harvey from wells fargo says there's a market opportunity developing but it won't last long a pre-fed play he'll join us to break down the call you're watching "closing bell" on cnbc. down 71 on the dow ♪♪ ♪♪ ♪♪ be ready for any market with a liquid etf. get in and out with dia. lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. my dad was a hard worker. he used to do side jobs installing windows, charging something like a hundred bucks a window when other guys were charging four to five-hundred bucks. he just didn't wa

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the circumstances, whether there is in fact a case to be made and whether or not is a matter of prudential judgment depend on two questions. the character of those top secret documents and secret documents, how sensitive were they, and second, how raw is the evidence of deceit and obstruction. do they have really good evidence from people who were involved. >> sandra: what do you think the answer is? >> i think for them to have taken things to the current point they probably have pretty good evidence. but that's speculation and until we see that it's hard to say. let me just say, i think the driver on this from the beginning was, you know, loads of classified information sitting in mar-a-lago. people say this was unprecedented, well it's also unprecedented for a president to take all this classified information and put them in a country club, ok. and how long is the government going to try to get that back. they jaw bone for a year, they were deceived on the voluntary actions taken, they then went and got a subpoena, they were deceived on that, they feel, and the facts are starting to show

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if that prudential judgment to use barr's phrase what would be the difference here?t explanation. >> bret: we could do a lot of fact checks what was said about the former secretary of state at that time. katie, last word. >> the biggest difference between the former secretary of state and the president the president has the ability to declassify documents the former secretary of state does not. that certainly gives president trump some leeway. the department of justice is leaking in public while losing in court. merrick garland the attorney general said he wanted to be transparent about this process. he personally approved the warrant to raid mar-a-lago. seems like a public statement from him to say that his department should not be leaking and giving the public a very small sliver of information given the lack of trust that the american people have in the department and the fbi at this point. >> bret: the declass thick we will go over but why those documents were there i think is a big part of the story. panel, thanks. ♪ ♪ >> bret: okay, a final special day. two col

that's why the world's largest companies and over 30 million people rely on prudential's retirement andce benefits. who's your rock? jack: fed chair jay powell says he will raise rates until fighting inflation is done. joining the is apollo global cheetah canonist triston sluck. we 've seen them in some indication they are having some success but the labor market is still red-hot. how does this play out? >> the fed would like to call him the economy down because that is the main way to cool inflation down. inflation at 8.5% is too high, the fifth target is 2%. the fed needs to raise interest rates, jackson hole is talking about raising rates further from team members, 75 basis points and that is to cool the economy down and slow the labor market down. jack: that is a fairly big delta. jason furman had a story, to achieve the slowdown we could face unemployment of 6.5% for two years. is he being pessimistic? >> the important thing is to ask why did inflation go up? it was because of demand, similar checks, unemployment benefits or did it go up because of supply chains? was it because of

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that's why the world's largest companies and over 30 million people rely on prudential's retirement andce benefits. who's your rock? maria: welcome back. now look at where the markets ended the week after federal reserve chairman jay powell said the fed will continue to raise rates until the job of fighting inflation is done, seeming to confirm another 75 basis point rate hike this upcoming meeting happening in about a week and a half. ark investments' ceo cathie wood said powell is making a mistake when i spoke with her in a fox business exclusive. ♪ >> the way i describe what's going on right now, i was in my early days in my career, in the early '80s, when volcker was taking a sledgehammer to inflation because it was embedded in the system after 15 years of profligate spending; vietnam war, great society and then going off the gold exchange standard. a sledgehammer, that's what he needed. that is what i believe chairman powell thinks he needs. and we just don't think that's true, because we see so much deflation. and one more thing. we also see a massive inventory overhang around the

that's why the world's largest companies and over 30 million people rely on prudential's retirement and this weekend we commemorate the 21st anniversary of 9/11 and recall how a traumatized nation came together in a spirit of purpose and patriotism. but was in the last great unifying moment in the country? have we lost that sense of patriotism and purpose? a recent poll showed that 43% of americans actually believe the u.s. is bound for civil war in the next decade. let's talk about this with our guests. guy benson, we all remember those days after 9/11 and the tragedy and mourning but also the sense of incredible sense of unity. one of the things that worries me right now and something like that, god forbid, should happen again, i wonder if the country could come together in the way that it did then. what do you think? >> >> i wonder about that too, although i kind of want to bring back to your to opening segment and the death can of the queen this week. there were so many moments that were, i think, when you think back and memories that are i to beingtive of that day, a horrible day a

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that's why the world's largest companies and over 30 million people rely on prudential's retirement andkplace benefits. who's your rock? >> from the fox studios in new york city, this is maria bartiromo's "wall street." maria: and happy weekend to all. welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. hess than two months until the midterm elections, and the unifier in chief is trying to rally the democrat base with more divisive rhetoric against the gop. one of the highest ranking senate republicans, john thune, responds today. plus, federal reserve chairman jay powell says he's going to keep raising interest rates until inflation is under control. ark invests cathie wood warning this is a big mistake. she'll tell us why, and we will get reaction from the former president of the federal reserve of kansas, thomas hoenig is here. then, 21 years after the september 11th attacks thousands of first responders and workers at ground zero are still fighting for health benefits as a startling new study reveals another a major

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the investment management business of prudential. >>> it's a hugely complex market, but very uncorrelated with assets that most people hold, and it's a country that is going to emerge from covid it's a country that is going to put its 22% youth employment back to work it's an economy that is going to continue to investment in evs, semis, et cetera, and it is a country that has declared that china 2025 -- made in china 2025 is a real thing. >> that was mary erdoes, and why she's pullish on china here now to join with her take is the founder and ceo of rockcreek. thank you for joining us good to see you. i think that you have a differing view >> it's good to see you, too >> i think the world bank just downgraded the growth rate down to 2.8% from 5%. the way i look at china, we had an incredible growth rate the last 10 to 20 years. that just cannot go on forever even with the things that we've been seeing in china, politically, geopolitical, economically, and in the tech sector, you would seen growth rates come down, number one. number two, they may not state up at 8%, but somewhere between

the investment management business of prudential. (♪ ♪) how do we demonstrate our unmovable strength?how do we show that we'll stand tall through the storms? nah. (thunder) how do we make our clients feel secure and- ugh... not lions. (lion rumbles) we do it with our people. people who've been looking after people for over 170 years. >>> o.t., that's three hours from now. >> i'm watching. >>> adam park is on with me. we talked about jonathan crist's call, below 39, losing it, opening it -- we'll test him on that, of course, and other great stuff. louisiana-pacific, we just want to highlight it again. look at the stock. >> that's the first step in the improvement in the housing trade. it will be reflected in louisiana-pacific, and it's redib his cheap. >>> final trade? >> charles schwab. >>> shan >> nexterra. they have a lot of additional customers coming into that state. >> that was one of your dividend picks, too, just to reiterate. >> yes. >>> mr. wonderful? >> stay in the dividend theme, assets managers, over a decade, fantastic return on assets great cash dividend from a strong ba

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the investment management business of prudential. go. go smaller carbon footprint.ing energy. emerson technology can help heat pumps replace fossil fuel heating for a cleaner, low carbon future. go blue skies go. go boldly. emerson. >>> mike santoli joins us for his midday word. i think it's often looking ahead to tomorrow. >> it pretty much is the market is in a familiar position just a month ago, heading into the july cpi number. the s&p had rallied from 3900 to 4100 over the prior ten trading days this time we've done exactly the same thing over more like six or seven trading days back then we did roll over pretty hard as the fed got hawkish and you had to consolidate. so i think there's a similar set up, in the sense where people are positioned for the possibility of reasonably good news on inflation. not sure how that's going to play in a way to extrapolate that into if the fed. >>> up next, we have trades on e y cas the big analyst llof thdatoday. we're back in two minutes. erent kind of wireless company... ...running on a big impressive wireless network. how

that's why the world's largest companies and over 30 million people rely on prudential's retirement andrtist. so a healthy diet is one of the most important things. i also feel the same way about my dog. we were feeding her dry, triangle shaped ingredients long as the yellow brick road. we didn't know how bad it was for her until we actually got the good food. we got her the farmer's dog sent in the mail. it was all fresh, when she started eating healthier, she started being more active and smiling more, running more, playing more. i want my dog to have a healthy and long life. the farmer's dog really helps that out. see the benefits of fresh food at betterforthem.com stuart: the white house touted the inflation reduction act just as markets were plunging. watch this. >> president biden: four weeks ago today i signed the inflation reduction act into law. the single most important legislation passed in congress to combat inflation, one of the most significant laws in our nation at history. >> this is a great interrogatory day. >> orcs ordinary leadership has made this glorious day possib

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in the 19th at the earliest 20th century at the advance of prudential bank regulation ensure private money creation by banks was appropriately regulated. repeated crises did substantial damage to the economy. i believe congress to pass much-needed legislation to bring stable coins project with those designed inside the prudentialto regulatory perimeter. continued partnership address the risk of stable coins. before a move away from discussion of movement making banks safer let me use a few words about the risks by climate change. as our nation and the world to grapple how to respond toma climate change banks are increasingly focused on the risk that climate change brings to their balance sheets. into the financial system as a whole. that mandate in the area is important but narrow. focus on her supervisoryot responsibilities in a role in promoting safe and stable system. an near-term plan to work and effort the i see to provide guidance to larger banks on how we expect them to identify, measure, monitor and managedi te risks of climate change. in addition we are consideringng how to

that's why the world's largest companies and over 30 million people rely on prudential's retirement andr rock? cheryl: welcome back i am cheryl casone for maria bartiromo. friday, september 16 look at markets ahead of the opening bell less than hour away we are down on futures, dow down 308 s&p down 44 nasdaq down 149, futures falling world bank waiving red flag about a global recession ftse was higher earlier but now negative, as you can see, cac 40 dax as well. some other story we are watching for you this morning a big win for former president trump in his legal team, federal judge rejecting the justice department's bid to delay ruling on pointing a special master to review documents seized in mar-a-lago raided john cannon appointing raymond dearie to oversee evidence completing review no later than november 30, "the wall street journal" reporting that retail company cutting ties due to creative differences citing breach of contract for failing to get designs in stores in 2021, gap plans to reefs numbers stock down more than throw quarters of a percent new car payment record high 743

that's why the world's largest companies and over 30 million people rely on prudential's retirement andce benefits. who's your rock? ♪ ♪ ♪ ♪ ♪ ♪ businesses have to find new ways to compete in order to thrive in an ever-changing market. the right relationship with a bank who understands your industry, as well as the local markets where you do business, can help lay a solid foundation for the future. pnc provides the resources of one of the nation's largest banks and local leaders with a focus on customized insights to help your business achieve its goals. that's how we make a difference. ♪♪ >>> another mover, j.b. >> yeah. so uber eats and me is a really interesting stock set up have to go back to the summer of '21. it's actually been on a down trend since january of '21 now it's threatening that 200-day moving average, which i think would be a first in a series of technical catalysts here i would urge everyone to listen to the conference call from the first week of august, and you'll notice in the recent selloff, uber gave nothing back the buyers who came in and gapped the stock higher

it made me think of the fact that hairdressing is also a really prudential issue in the temple reform. it's frivolous for people to do their hair, just kind of this moral concern and it was really chilling to watch cities be completely shut down but on the other hand it gave me a lot of hope because of course it recovered from the temple reforms. covered from the big earthquake that followed and recovered from commodore perry's arrival and opening the city. it recovered from losing half of its population. cities are really resilient and that's one of the positive things i was able to take out of reading this book you are also making a big argument to which is that cities are fundamentally made by labor oand the presence of the women who are there. and, i mean do you think that how much do you want to express that beyond edo? is that something youwant to argue about migration in general ? >> i think it's interesting. especially in this case of edo which is a military city, the shogun is surrounded by samurai, it's a male-dominated city . we think of the ways cities are built and create

the investment management business of prudential. how will your business adapt to change?ings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >>> u.s. mortgage interest rates topping 6% for the first time since 2008 diana on lick has the latest >> this was the first weekly average we've seen over 6% since november 2008, which of course was just after lehman brothers collapsed and amid the subprime p mortgage crisis. it's gone higher since last week, i'll get to that in a second the increase hit refinance demand, fell another 4% for the week and was 83% lower than a week a year ago. and only about 452,000 borrowers can benefit from a refinance, that's the lowest number on record so rocket and united wholesale mortgage underper

that's why the world's largest companies and over 30 million people rely on prudential's retirement andas a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book your free hearing evaluation. maria: welcome back. mixed markets this morning back and forth after the mornings inflation data, the producer price index came up 8.7% that was better-than-expected, because the estimate was 8.8% but it was higher than last year james freeman, your assessment? >> yeah, i think those futures which haven't changed that much, they are kind of telling us that this didn't fundamentally change the story or the concern about inflation. obviously, better number than we thought on the headline. the core going up which the fed -- maria: core is worse than expected. >> yeah, so i would say

the investment management business of prudential. your romantic night out... involves a +4. la... is the hotel pool. you know the only thing better than this trip, is the next one. the delta skymiles® american express card. if you travel, you know. >>> good friday morning. welcome to another hour of "squawk on the street" live at post 9 of the new york stock exchange stocks definitely taking the hard landing view up a notch dow's down 400 as we got big selling in europe, lost 3700 on the s&p and the june low on the dow. >> 30 minutes into the trading session. here are three things we're watching there are a lot of movers but we'll start with these fedex, shares moving lower after reporting results. the company announcing a 6.9% increase in shipping rates shares plunging 21% last week, last friday when the ceo said he was predicting a goebl recession. we'll have more on that later this hour. boeing also lower after agreeing to pay $200 million in an s.e.c. settlement that says the company made misleading claims about the safety risks of its 737 max jet after two of those jets

that's why the world's largest companies and over 30 million people rely on prudential's retirement andk? ♪♪ ♪♪ ♪♪ be ready for any market with a liquid etf. get in and out with dia. >>> bank stocksle toing the broader market lower inflation data earlier in the week we continue to slide, the world bank, of course, warning that raising rates too high could trigger a devastating global recession next year. joining us to talk about the impact on his company and customers one unite bank ceo kevin, i appreciate the time some of the legacy financials have had relatively calming words about deposits and spending trends. can you talk about what you're seeing >> the same thing. even though raising rates are a real challenge for financial institutions, most institutions have prepared themselves for this eventuality so while i think the rising rate of costs is challenging, i think we'll weather the storm very well. >> yeah, there's been a sort of a story spun out that there's been relief in gas prices, an acceleration in utility and food costs but in the end those may be some cancellation effects

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at prudential, we can't tell you when your kids will finally go out on their own.ut we can at least make sure that when they do — you're ready. that's why millions rely on us for the rock-solid strength that helps you plan for and achieve your retirement dreams. whichever road you take. who's your rock? >>> in 202 >>> in 2020, a man in tennessee was charged with attempted first-degree murder. judge sentenced him to three years for aggravated assault. court records show authorities let him out early this past march. yesterday, police say he went on a deadly rampage, live streaming himself committing murders across memphis. police arrested him late last night, 19-year-old ezekiel kelly . is a his murder spree spanned across 20 hours. they say from early morning, past sunset, he shot and killedj 4 people and hurt 3 others. he is also accused of at least 2 carjackings. authorities say they didn't connect ezekiel kelly to the shooting until they received a tip he was live streaming his crimes on facebook. some of it so brutal and unimaginable, we certainly would never s

the investment management business of prudential. she was supposed to be the one. in the one. and then i realized, there's plenty of savings in the sea. what? amazon has daily deals, so every day is a chance to meet the deal that catches your eye, that shakes your soul, that changes your destiny. i'm gonna go check on those tater tots. learn all the ways to save with amazon. go. go lights. go big city lights. go spotlights. go stadium lights. emerson software helps clean energy become reliable electricity. go “good night.” go boldly. emerson. >>> we are showing you shares of netflix. that's a spike midday. at some point, these stocks come down enough, they become attractive to somebody maybe there's a big buyer in there. that's what's being talked about in some circles, so we wanted to show you it, as we do see that stock get off the mat today in a fairly big way, up four bucks. that's just shy of 2%, but in a decidedly down day, especially for the nasdaq today, it is notable. nasdaq overall is down 1.5%, a loss of 180. and it's been really a point of concern. we'l

the investment management business of prudential. >>> well, the debate has been picking up lately including on this program about the future of the 60/40 portfolio. i asked ken griffin about that yesterday at the cnbc delivering alpha conference here's what he told me >> looks much better today than really any point in recent times. >> why so? >> we've got ten-year bonds at 4% when they're at 75 basis points or 1%, there's no real up side to the bond in a moment of a recession which is often characterized with inflation now with the ten-year bond at 5%, you go into a downturn and inflation heads back towards a one handle, all of a sudden those bonds are worth a fair amount more than they are today. that's a win in your portfolio that's in the green. when your equity portfolio is likely to be in the red. >> carrie, get the first crack at this one. >> well, obviously, we've got much higher bond yields. and when the market is going down everyone looks for a place not to lose money. so it comes to mind buying a treasury, buying a cd, we've done some of that here, not widespread but we've had ze

that's why the world's largest companies and over 30 million people rely on prudential's retirement and benefits. who's your rock? (woman vo) sailing a great river past extraordinary landscapes into the heart of iconic cities is a journey for the curious traveler, one that many have yet to discover. exploring with viking brings you closer to the world, to the history, the culture, the flavors, a serene river voyage on an elegant viking longship. learn more at viking.com >>> your cnbc news update at this hour. officials in armenia say at least 49 solevers and been killed in clashes along the border with azerbaijan u.s. secretary of state antony blinken has urged an end to military hostilities and said there can be no military solution to this conflict. ukraine continues to win back territories. russia pulls back from captured towns. reports of ukrainian soldiers burning russian flags and tearing down banners president zelenskyy said ukrainian forces have retaken significant areas around kharkiv and the east of the country. he has continued to ask allies more military support. >>> ted las

the investment management business of prudential. ♪ ♪ wow, we're crunching tons of polygons here!st in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq >>> got a big overtime today with that man right there, doubleline ceo jeffrey gundlach, his first word in reaction to the fed, what they do, what they say. we'll see you in a few hours' time let's do final trades in the minute that we have left jason sunsnipe, please go first. >> i like awe zone comps were up 6 high .2%. i like it here >> bryn? >> i'm going to give you a cover call idea. you can buy devon here, sell the january 23 75 strikes. so it's like a 9% income for the next five months, even if the stock does nothing >> okay, sirat >> going back to morgan stanley, trading at ten times earnings, a 3% dividend yield, margin of safety here. i think management's really focused on their businesses, and i like the stock >> okay. joe, his shot's frozen, but he's choosing cboe. you don't get joe, but yo

so, there's sort of practical prudential questions of, well, were they behaving in a sloppy manner. but also were crimes committed based on how egregiously some documents were mishandled or intentionally destroyed or hidden. >> the judge, as i understand it, said to both sides, hey, we're going to release this list unless there's some objection. there wasn't objection. >> neither side objected. the first order of business was the government had to give this list over to trump's legal team. the judge asked them, does anyone want to object to this. no one did. it was said yesterday in court that she would unseal this as well as the brief status report that was unsealed. as we're talking about the chaotic way that these documents were handled, in this investigative report, the prosecutors write that the handling and storage of these documents is something that they are considering as part of their investigation. so, it really just underscores the point elliott was making that this is -- it's not just the documents. it's the whole manner in which they were maintained. >> and elliott, wh

legislation to bring stable coins, particularly those designed to serve as a means of payment, inside the prudential regulatory perimeter. as a forward to continued partnership with other regulatory agencies in -- and congress to address the risk of stable coins. when a move away from the discussion of making banking safer, let me talk about the risks to banks posed by, change. as our nation in the world grapple with how to respond, banks are recently focused on the risk climate change brings to their balance sheets. the federal reserve is working to understand how climate change may pose risks to individual banks and the financial system as a whole. the federal reserve's mandate is important, but narrow. focused on our supervisory responsibilities and our role in promoting a safe and stable financial system. in the near term we plan to work with the fdic to provide guidance to large banks on how we expect them to identify, measure, monitor, and manage the financial risks of climate change. in addition we are considering how to develop and implement climate risk scenario. here we plan to launch a sc

the investment management business of prudential. >>> all right. now in "overtime" 4:00 p.m. eastern, the professor, jeremy siegel, with us on what lies ahead for stocks in your money we have some breaking earnings coming, too, you're not going to want to miss lululemon reporting in "overtime" and broadcom where the chips space is under fire of late this is going to be the most recent read for all of you on the back of what's been a real flurry of negative news around that space so we'll see what they deliver i'll see all of you, i hope,a few hours' time. some final trades and you have a little bit of time to give me more reasoning on why you like what you do. keri >> i pick cme group. cme benefits from volatility they run the biggest exchange for derivatives and, of course being commodities. and they will have higher earnings than expected if this continues for the rest of the year, earnings estimates have been increasing and so we think that it's a stock that over the next couple of quarters will outperform and it hasn't been a good performer thi

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that's why the world's largest companies and over 30 million people rely on prudential's retirement andits. who's your rock? maria: welcome back futures are searching for directions, dow industrial 54, the s&p up six and the nasdaq up nine and a quarter on a week of inflation report, the ppi a little better than expected yesterday, joining as portfolio wealth advisor president and chief investment officer lee munson, great to see you, thank you for being here right as we were coming on the air we have breaking news that there is a tentative settlement between the u.s. negotiators in the rail companies, what are your thoughts on the economic macro story and retail sales, import prices, jobless claims all 830, that would've been really sketchy if the rail and the freight lines went down really good slowdown. >> i do and i think it's not the only thing from unions, we see in europe right now the issue with higher prices, unions wanting more money and i think it's great we are able to work things out, maybe we'll see if we really have a deal, the bottom line bull markets are pulling out of

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with me now, elect cisco, she is a prudential -- with the author of you never forget your first biography of george washington. also with me, and a bc -- secretary of state for public to diplomacy and affairs for the biden transition team. all right, rick, i have to ask you, as someone who has done the work of diplomacy, your take on the relevance of the monarchy? nce of the monarchy >> [laughs] i think that take of the british people is more important than mine. about six in ten of britain's support the monarchy. that skews toward older people, younger people, color of people not so supportive of it. it plays a stabilizing role in the uk. it's england's grand. tourism is probably the largest industry in great britain. a lot of that comes from the fantasy of the monarchy. there's been some scholarship of lay that constitutional monarchies function pretty well in the modern world. obviously, the role of the monarchy in britain is mainly symbolic. if organ talk about charles the third, well, he has to kind of abide by examples set by his mother, which is to not be opinionated. we have no id

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at prudential, we can't tell you when your kids will finally go out on their own.e sure that when they do — you're ready. that's why millions rely on us for the rock-solid strength that helps you plan for and achieve your retirement dreams. whichever road you take. who's your rock? an xfinity rewards special offer. whichever road you take. xfinity customers join xfinity rewards and get an early access code to play the open beta. early access begins september 16th, first on playstation. visit xfinity.com/rewards. >>> a bellwether for the broader economy spooks investors, and that's what is topping cnbc's "on the money. fedex thrive delivering a state, reported it will implement significant cost cutting measures today, investors got their word. the stock down more than 21% its worst day ever fedex reports it's contending with weakening demand and a global economy that's worsened the dow is down 139, much worse earlier. the s&p down 28, nasdaq off 104. and more than 5% for the week. >>> $76 million gift to protect forests and wildlife in canada, chip wilson announced

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, i think that even if they technically can make the case, that there is another staff which is prudentialrmer president and the impact on the country. i hope they don't do it. but the law here i think it's pretty clear here that the justice department should be able to review these documents. if it got to the point where they wanted to actually put the documents before the grand jury without sabotaging and protecting the deliberative process, then you would litigate the issue. but for her to come in now and sort of abstracting and s say, "what is potentially privileged?" dodges the question. does the president have standing to insert the privilege against the existing administration. >> martha: so he came out after you for what you said the other day jerking around, rhino but do you care about that? >> no, i've heard that a lot. [laughter] rhino for him as anyone that disagrees that the election was stolen. that is a rhino. someone who handed out barry goldwater literature when i was 14 years old on the bedside. it's been when you don't think you are a rhino? financials are in question. g

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