raymond james believes the company's ready for a turn around they've outgraded to outperform. price target is $140 as you see on the screen. it is our call of the day. joe. why have all these stocks in this group been a dud? marriott down 12.5% >> first of all, marriott is best in breed. full disclosure, a stock i own for most of 2017 i sold it. it had a poor earnings report last time around and the guidance in this latest earnings report is not a good one that's for sure. when you're talking about reduced unit growth of 5% versus the expectation. >> is it bruised, not broken >> here's the problem with this call is that we all know it's best in breed. we want to buy ilt because we believe there's going to be a significant turn around. the problem is the sentiment surrounding is so overwhelmingly bullish. the average price $149 look at just today it's only up 1.5%. this is a stock coming off a 52-week low. this stock should be performing far more than it is today. i think the bullish sentiment is the problem and it's what holds me back from going in and buying the stock. i want

m to leae, go to consumercellular.tv >> financial services firm raymond james. leidos. >> babbel. a language app that teaches real-life conversations in auanw lang, like spanish, french, german, italian, and more. >> the william and flora hewlett foundation. for more than 50 years, advancing eas and supporting institutions to promote a better world. at www.hewlett.org. w >> ah the ongoing support of these institutions: >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> schifrin: the united states began re-imposing sanctions on iran today as it proto do when president trump withdrew from the iran nuclear deal. ck" target autos, aircraft,p gold and other metals. nt, president trump said iran has a choice: "either change its threatening, destabilizing behavior... or continue down a path of economic isolation." hours later, iran's president hassan rouhani acprcuseident trump of hypocrisy. >> ( translated first step would be for president trump to selhow that he genu wants to engage

. >> financial services firm raymond james. >> supporting social entrepreneurs and thei solutions to the world's most pressing problems-- skollfoundation.org. l >> telson foundation. committed to improving lives through invention, in the u.s. and developing countri on the web at lemelson.org. >> supported by the john d. and catherine t. macarthur foundation. committed to building a more just, verdant and peaceful rld. more information at macfound.org >> and with the ongoing support of these institutions: >> this program was made possible by the corporation for public broadcasting.tr and by cutions to your pbs station from viewers like you. thank you. >> woodruff: from president trump today, word that white house counsel don mcgahn is leaving his post. he will step down this fall, after an expected senate vote to confirm supreme court nominee brett kavanaugh. investigators with special counsel robert mueller have interviewed mcgahn at length. the president today dismissed m talk that ht have a problem with what mcgahn told them. r any concern about what he's said to the muelam? >> no.

it was downgraded from raymond james from outperform to market perform following the pharmaceutical's company second-quarter earningsnd the firm cited valuation and seekd limited psibilities of long-term risk for key products and the shares fell a fraction to $29.33. >>> smart therapeutics was cut to market perform from outperform. the analyst there citing disappointing trial results for the drug treating hemophilia. the price target was loweredo 60 from 98. it rose 3% to $57.70. hostess brands was lowered and rbc capital from outperform to sector perform following weak earnings in which it wasre aled on the conference call that walmart cut back on promotional display of hostess products. the analyst also cited higher freight, labor and packaging costs as well. price target now $14. the shares finished 11.49, down 17.5% today. >>> back toif cnia where fires continue to rage including the largest wildfire ever in the golden state. aditi roy i in ukiah, lifornia. >> the stubborn flames of the mendocino complex fire are tall and fierce, destroying 115 homes and scorc 300,000 acres and fo

raymond james is cutting its rating on the stock to outperform, from strong buy. the analyst says walmart's purchase of flip cart will weigh on operating earnings. flip cart is india's largest commerce company. price target 107, the stock fell a fraction to 97.85. dean foods downgraded to underweight from neutral at jpmorgan. the analyst cites reduced confidence in that company's ability to meet expectations.ar pricet reduced to $6, the stockell about 5% to $8.20. >>> yum china's rating downgraded to perform from outperform at oppenheimer. the analyst cites headwinds at its kfc brand. he says same-store sales improvement could takeeveral quarters. 34.86.ock fell 1% to diaz w's rating cut to negative from neutral at susquehanna. the analyst cites margin rressure from its loyalty program and hig costs. the price target is $22, the os stock fell a 5%, $26.49. >>> farmers are spendingoney on machinery despite trade concerns. and that's good news for deere. >>> with many farmers growing concerned about rising tariffs, many wall street analystspe ed that would negativel

. >> kevin geddes of raymond james finaial, and the u.s.my still has solid growth potential in front of it and you still ges thse that it wouldn't take much to watch it derail with high high degree of confidence that that would be the cause of the derailment and some poor decision making at the top. just about 60% approves of esident trump's handling of the economy and similar percentages say his tariff policies would reduce economic and job that is they would take away from growth with the tax cuts will hel achieve. for "nightly business report," i'm steve liesman. now at to take a look some of today's upgrades and downgrades. we begin tonight with cbshich was downgraded to market perform from outperform. th analyst there cited the distractions of the investigation into the allegations against ceo les moonves. price target $50. the stockthose mor 2% today to 52.67. owterpillar wasraded to equal weight to overweight at barclays. the analyst cited the company's limited ability to eand its profit margins. price target $155. nevertheless, the

. >> raymond james isin ton mile an from strong buy to tstperform after the company's second-quarterissed street estimates and said the board will be evaluating a wide address alternatives falling sales. the price target was taken down to $44. n shares fell more than 6% today, closing the day at $36.61. >> now to california where an eighth person has died in that state's rash of wildfires. a heavy equipment mechani assigned to the carr wildfire was killed in a traffic accint, and as those firet new records, the economic losses also keep piling up. i scott cohn in ukiah, california, for us. ♪ ♪ >>> it is only august and more acreage hasa burned in califor than all of last year. we've seen significant fire growth that many of us iaven't seen our career. >> 18 major fires burning across the ste, the carr fire near redding is the most destructive in california history, the mendocino complex at 300,000 acres or 475 square miles is the large nestsoistory. 4,000 personnel are battling this fire alone. the local fairgroundsan ormed into a virtual city overnight. >> we have sleeping trailers

see what a raymond james financial advisor can do for you.es edge-to-edge intelligence, covering virtually every part of your manufacturing business. & so this won't happen. because you've made sure this sensor and this machine are integrated. & she can talk to him, & yes... atta, boy. some people assign genders to machines. and you can be sure you won't have any problems. except for the daily theft of your danish. not cool! can be sure you won't have any problems. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & this shipment will be delivered... data download time. as we near the end of the primary season one story has been dominant in state after state. the democratic turnout surge. just this week the pew research center released numbers showing that through the june primaries, 13.6 million people had voted in democratic primaries. that was a whopping 84% increase over the 2014 midterms through the same period. while 10.4 million voted in republican primaries. b

. >> financial services firm raymond james. >>he ford foundation. working with visionaries on the frontlines of social change worldwide. >> and with the ongoing support of these institions: and friends of the newshour. >> this program was made porible by the corporation public broadcasting. and by contributions to your pbt ion from viewers like you. thank you. >> woodruff: arizona senator john mccain is ending medical treatment for his aggressive brain cancer. he was diagnosed last year with a serious tumor known as a glioblastoma. the six-term republicans 81, and has been away from the capitol since december. mccain was held as a prisoner of war in vietnam, elected to the u.s. senate in 1986, and won the g.o.p. presidential nomination in 2008. in a statement today, mcin's family thanked caregivers, family and friends for their support. they added, "john has surpassed expectations for his survival, but the progress of disease and the inexorable advance of age render their verdict." the longtime financial chiefmp of the tusiness organization, allen w

to learn more, go to consumercellular.tv >> financial services firm raymond james. >. babbel >> the william and flora hewlett foundation, helping build immeasurably better lives. at www.hewlett.org. >> and with the ongoing support of these institutions: and individuals. this program was made possible by the corporation for public broadcasting. and by contributions to your pb statom viewers like you. thank you. te >> yang: the ustates and mexico have reached tentative agreement on a trade deal that could replace "naf," the "north american free trade agreement." it says at least 75%e content of autos sold in the trade bloc must be made here. 40% must be made by workers earning at least $16 an hour. president trump called mexican president enrique pena nieto today, to congratulate him and talk up the new deal, with a new name. >>,"hey used to call it "naf we're going to call it the united states-mexico trade agreement. we're going to get rid of the name nafta. it has a bad contation because the united states was hurt by nafta for many years. and now it's a really good dea

to learn more, go to consumercellular.tv >> financial services firm raymond james. babbel >> the ford foundation. working with visionaries on the frontlines of social change worldwide. on and with the ongoing support of these institu and friends of the newshour. >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: president trump says a crent u.s. justice department official may be next to lose his security clearance. bruce ohr had contacts with a former british agent who compiled a dossier on mr. trump's ties to russia during the 2016 campaign. the agent was hired by the firm fusion gps, where ohr's wife woed for a time. today, as he left washington for the weekend, the president brought up ohr's security ruearance. >> i think bce ohr is a disgrace. i suspect i'll be taking it away very quickly. bruce ohr is a disgrace with his wife, nellie. der him to be in the justice rtment and to be doing what dr did, that is a disgrace. >> wf: mr. trump already tovo

walmart is required to do in order to keep up these initiatives and also specifically for the raymond jamesall, the drag they're going to have in the next couple of years next couple of fiscal years, it's going to see a drag and they see that four to five cents a month on earnings. >> you know, just thinking back to the jet acquisition where everybody said they overpaid and were worried about that. they swrus killed it if somebody wants to say trim walmart because of profit taking, that's fine, but this is a double threat. one, you have the instore presence for people who want to shop in store, but they are the number one online competitor to amazon and it's a no question about it so you look at their valuation versus amazon. it's one fifth of the valuation. i think you stick with walmart there. >> one to have things on that is the flip card acquisition is really understorated. to jim's point, every move they've made, a flip card is no difference yes, but if you were last earnings, they were punished heavily for spending money on flip card. the stock has responded 100% highest level in nine

. >> financial services firm raymond james. >> and by the alfred p. sloan foundation. mipporting science, technology, and improved eco performance and financial literacy in the 21st century. >> carnegie corporation of new york. supporting innovations in education, democratic engagement, and the advancement ofeanternational and security. at carnegie.org. >> and with the ongoing support of these institutions: and individuals. >> this program was made possible by the corporation for publan broadcasting. by contributions to your pbs station from viewers like you. thank you. >> woodruff: the people of arizona have said their final farewells to senator mccain. a memorial service today celebrated the state's senator,i wh last saturday, at the age of 81. ♪ "aezing grace" flowed from north baptist church in phoenix this morning as friends, family, ordinary citizens and v.i.p.s honored the life ato legacy of sejohn mccain. i was at the same time a lot of fun and quite terrifying at the same time because of his ridiculously bad driving. >> woodruff: mccain's >> woodruff: mccain's

. >> financial services firm raymond james. io the ford foundat working with visionaries on the frontlines of social change worldwide. >> and with the ongoing support of these institutions: and frnds of the newshour. t s program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the united states and canada failed to reach aee new rade agreement by a self-imposed deadline today. instead, president trumpth announce he will sign a pact with mexico in 90 days, and th canada could still join it. the new agreement, if reached,ft would replace it also came out that he vowed, an off-the-record conversation, that the u.s. would makeo concessions in the canada negotiations. but, he told interviewers that saying it publicly would be so insulting that canada would balk at any deal. the president confirmed the comment during an appearance today in charlotte, north carolina. >> they actually printed my off the record. they said, "president tru

numbers yesterday were commented on as strong and today it has been upgraded to outperform at raymond james's talk about russia, let's talk about sanctions. speculation the country is dumping american assets to shield itself from risk. brussels, now from otilia dhand. let me ask you a quick question relating to the news flow. how will the conviction and guilty pleas of two very close advisers to president trump be seen in russia? would this be seen as something that further points to more sanctions ahead? i'm curious how moscow will perceive that. otilia: it's fairly obvious in moscow and elsewhere that u.s. sanctions policy on russia is driven by the domestic news cycle and domestic legal context so anything that influences the perceptions of the white house will affect policy on russia. the possibility that something happens in the sanctions policy that in our opinion it would have to be a severe deterioration of to drive additional sanctions on russia. how much are these russian sanctions hurting putin's rule? a lot of his oligarchs are feeling the pain but does it weaken him? otilia: i

. >> financial services firm raymond james. >> leidos. >>abbel.t a language aaches real-life conversations in a new language. t ford foundation. working with visionaries on t frontlines of social change worldwid. >> carnegie corporation of new york. supporting innovations in education, democratic tngagement, and the advancem of international peace and security. at carnegie.org. >> and with the ongoing support of these institutions and individuals. >> this program was made porible by the corporation public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by newshour productions, llc captioned by media access group at wgbhor access.wgbg >> you're watching pbs. norwegian salmon is ocean-farmed by craftsmen, blending tradition with technology. [ laughter, heartbeat, music ] to make mobile kids safer and your life easier. ♪ >> ♪

calls are upgraded to neutral, raymond james.rise the most ends 2002 and today's session rising double-digit percentages. william hill a little higher, up 1.6%, upgraded to barclays. these analysts looking past the disappointing first-half results to the u.s. strategy taking shape. those shares getting a little lift, as well. matt: now to our deals report. shares, the plunge we saw after the company said it doesn't want to be sold at the price of it equity firms are willing to pay. for more, we are joined by with david. give us -- with ruth david. give us the backstory. ruth: this has been going on since late last year. they've had a few private equity firms coming, whether the pdr or all of these guys coming in. there is competition among the bidders which makes it seem like if there was a price find to be reached, they would have reached it. the fact the company said no at a time when profits, profits are down 29%. the question is, what do they know that we don't know? why are they saying no? is it because they think they deser

to learn more, go to consumercellular.tv >> financial services firm raymond james. >> leidos. >> babbel.la uage program that teaches real-life conversations in a new language, like spanish, french, german, italian, and more. >> the ford foundation. working with visionaries on the frontlines of social change worldwide. >> and with the ongoing support of these institutions: and friends of the newshour. >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brangham: the focus of california's nightmarish fire s season hfted again, with emergencies now declared south of los angeles. governor jerry brown took that step late thursday in orange and riverside counties. some 20,000 people have been evacuated, and more than 1,000 firefighters are on the scene. meanwhile, in northern california, the mendocino complex fire-- biggest in state history-- is now 50% contained. and, yosemite national park will reopen on tuesday, after heavy smoke closed it for twweeks. senate confirmation hearings will begi

. >> consumer cellular.in >>cial services firm raymond james. >> leidos. >> and by the alfred p. sloan foundation. suppting science, technology and improved economic performance and financial literacy in the 21st century. >> carnegie corporation of new york. supporting innovations in education, democratic engagement, and the advancement of international peace and security. in carnegie.org. >> and with the onsupport of these institutions: and individual >> this program was made possible by the corporation for public broadcasting. and by contribions to your pbs station from viewers like you. thank you. >> woodruff: the battle is officially otonight, over rules to make cars get better gas mileage and emit less pollution.tr thp administration called today for rolling back obama-era sts due to take effect over the next years. pwould be cheaper, safere result vehicles. california and other states vowed to pursue a legal challenge. we wl have a full report, after the news summary. in the day's other news, the national archives is warning of a document del senate republicans try to confi

. >> major funding for the pbs newshour has been provided by: >> financial services firm raymond james >> consumer cellular. >> babbel. slanguage app that teache real-life conversations in a new language. >> the ford foundation. v working wiionaries on the frontlines of social change worldwide. >> carnegie corporation of new york. supporting innovations in education, democratic emengagement, and the advat of international peace and security. at carnegie.org. >> and with the ongoing support of these institutions and individuals. captioning sponsored by newshour productns, llc captioned by media access group at wgbh access.wgbh.org narrator: africa, our homeland. [whistle blowing] this is where it all began. we are all africans. but when our species emerged, there were other, ancient types of humans still living in africa. [forest birds calling] what part did they play in our evolution? did we interbreed with them and produce hybrid children? man: this sample made mankind much older than what the scientists had been theorizing for years. woman: variation is key to evolution. it's what ev

with that analyst at raymond james saying this will provide gaming catalyst for the stock for nvidia.time they released a chip like this in 2016 the sales soared 46%. you look at electronic arts. you know madden and nfl. they will release battlefield 5, the problem the chief design officer is leaving. been there 20 years. battlefield 5 preorders have not been particularly strong. it is coming out between two hot games, call of duty and another one from take two. they're all vying out. back to you. cheryl: nicole petallides thank you so much. markets are shrugging off the crisis in turkey. your portfolio can too according to our next guest who says her firm stayed away from the country already. we have portfolio manager marianne montagne. you've been saying you had a your eye on turkey for a while. you said it is not a good situation. >> no. this president is consolidating power, creating military coups and making really odd decisions. we knew this was not the capitalist type environment we wanted to be invested in. so we created an international portfolio at the beginning of last year

. >> financial services firm raymond james. >> babbel. a language program thaaches real-life conversations in a new language, like spanish, french, german, italian, and more. >> the ford foundation. working with visionaries on the frontlinesf social change rldwide.co >> carnegioration of new york. supporting innovations in education, democratic engagement, and the advancement of international peace and security. at carnegie.org. >> and with thongoing support of these institutions and individuals. >> this program was made fossible by the corporatio public broadcasting. and by contributions to your pb statom viewers like you. thank you. captioning sponsored by newshour productions, llc captioned by media access group at wgbh access.wgbh.or >> you're watching pbs. ♪ ♪ linda olverton: when i was writing "b" i knew that our heroine was going to meet the beast, and confront the beast. so she hadgho be a strong enharacter to do that. o i set out deliberatelyt create a character that was the perfect victim. the poor stepchild stuck in the basemen

. >> major funding for the pbs newshour has been provided by: >> financial services firm raymond james >> consumer cellular. >> babbel. a language app that teaches real-life conversations in a new language. >> the ford foundation.io working with vries on the frontlines of social change worldwide. >> carnegie corporation of new york. supporting innovations inra education, demc engagement, and the advancement of international peace and security at carnegie.org. >> and with the ongoing support of these institutions and individuals. captioning sponsored by newshour productionsllc captioned by media access group at wgbh access.wgbh.org gr norwegian salmon , ocean-farmed by craftsm blending tradition with technology. [ laughter, heartbeat, music ] to make mobile kids safer and your life easier. ♪ >> ♪

what it means for the housing market and overall economy with scott brown, chief economist at raymond jamesn catch all of her interviews with gtv . you will be able to hear the discussion on the future agreement with mexico. the u.k. and eu and dropping their october deadline for the brexit deal. in-depth discussions on brexit. you can look at gold, asked amarin, and u.s. -- aston mar tin, and -- lisa: are you tired of brexit? caroline: i was quite eased to leave it all behind. but i will be talking about the next hour. lisa: and we have our own things here, let me tell you. caroline: plenty coming up. from a hotteamy -- and steamy new york, this is bloomberg. ♪ lisa: president trump speaking at the white house tackling a range of topics. he did comment on the ,esignation of don mcgann saying he knew that mcginn is speaking with special counsel mueller. this was the story, he spent a lot of time speaking with mueller in the investigation into the collusion issue. mcgann plans to go to the private sector and that he is not concerned about what don mcgann told bob mueller. hiring.employer

nordstrom hadn't moved that much, so you beat and then you actually get some move in the stock upward raymond james walmart. still an outperform. their argument is that the quarter was outstanding, but flipcart is likely to weigh on consolidated results for several years. some of these price target cuts on penney's today, deutsche goes from 3 to 2, citi goes from 2 to 50 cents a share on jcp on what was devastating price action yesterday in their quarter >> 500 million on 30 it's down another 5%. >> it's going to get to the point where it won't meet our standards for even talking about it on the air. >> half a billion. pretty remarkable. >>> i think it's so interesting that google faces about whether or not to go back into china, and the internal dna when they ask themselves what are we about, and front page of the newspapers today about the meeting that sandar had with the employees to say we're not there. so everybody relax, but certainly the day that we were talking about apple hitting a trillion, you wonder if google had never left china, would we be talking about google being the first trillio

raymond james note finding pure play services such as pan dora have a stronger competitive position becauseo drive pan dora shares up 6% yesterday. the stock is now up 37% since august 1st the report, though, did not help spotify. those shares are trading pretty much flat. back over to you. >> music to pandora investors' ears i would say thanks, julia. >>> courtney reagan. >> specialty players are split than what we saw big box and department stores. dollar tree shares down sharply after gouidance falls by more than a margin. dollar tree said it would look into nonchina suppliers, changing its product mix and negotiations, all things to help offset those tariff costs. dollar general shares are lower, too. after they did actually beat estimates on earnings revenue, comparable sales and reiterated their earnings forecast but didn't increase it as it continues to remodel stores, build new locations, update its merchandise, all of this to compete with target and walmart, shares down 1.4% abercrombie and fitch, profit and reiterates its earnings forecast revenue and comp sales disappointed u.s.

almost 10% stocks boosted by an earnings beat let's talk about it with the managing director of raymond james morning, good to see you. >> hi, carl. >> bud, let's put the price action today in some perspective, because it's been argued at least that this has been long deserved, but they haven't been rewarded, at least since the last print enter they post >> well, they posted an absoluteliesy s astounding compr percent, the earnings were impressive, and they continue to invest in e-commerce, they continue to invest in other parts of their business, and yet the consumer seems to be responding favorably so it's very nice to see for walmart. >> have they answered concerned about how much that investment is going to weigh on margins in the next half of the year, at least? >> yeah, price investment will continue to be a major factor, carl, and that is a factor, because the consumer continues to look at strong value, but walmart using physical assets to their advantage in terms of curbside pickup, delivery to 40% of the country in grocery and adding a lot of convenience, so we're seeing a lot of fac

and marriott getting an upgrade at raymond james to outperform analysts say the selloff in shares postgood sign despite concerns about slowing sales. can it outweigh or over shadow the international concerns around turkey n. less that two hours the u.s. national reserve releases household debt. that could present more evidence on the health of market consumer >> let's get to the bond pits. rick santelli at the cme having already brought us interesting import/export prices. >> year over year numbers on import prices moving higher. if i look at the yield curve we see that two year notes are up one basis point. most of the other maturities are awfully close to unchanged keep in mind if you have been watching the intraday trade since all the market turmoil ensued at the end of the last week we are now closer to 290. rates really are firming they are just not doing it in an an aggressive way. they have given up the flight to safety slide if you look at italian tens. bund to some extent. treasuries, french paper, they are flight to safety not so with the italian paper as it hovers slightly b

gibbons,come kevin raymond james. always great to see you, kevin.e see resistance around 3% and how those are we to 5%? he would not be the first ceo to talk his book. it is what i would be saying, too. is, the major issue is the lack of wage inflation and a bit of lack of overall inflation. we go further and further into debt. it is hard to see where you can get to 5% given the current circumstances, this close to the end of a cycle. it is really close to the end and hard to think that can push it another hundred or 200 basis points. vonnie: what about over the next year or two, the pressure of the job market, the wages and so on? it could potentially get there? it could. 2007 was the last time we saw 5% or better on the 10-year note. but at the same time, we had -- the fed fund. inflation, we had 2% back then as we do pretty much now, maybe slightly ahead of that. there is a scenario that could year -- i think it would take a bigger tax cut and wage increases to see a 5% 10 year. what about tariffs and more inflation, perhaps? kevin: that is the r

the majority of people coming to this business goes up and they don't understand buying raymond jamesthe offering in 1983 better than 18% per year. >> for investors who might look don't bail out. >> i think we've got years left to go on this. neil: we will see what happens. always good seeing you. thank you very, very much. bernie sanders here like this. a possible 2020 ron and all in a comedy shows. take a look. . . neil: good morning, everybody, i'm maria bartiromo, see that's how slow you are. i'm not maria, the other italian, neil cavuto. turkey is striking back, responding fire for fire this time saying you want to slap tariffs on us, how about electronics, we will slap tariffs on him, anyone in turkey want to buy apple period, good luck on that. futures are not really responding favorably that things could be going bad to worse, we are looking at triple-digit losses, that could change. in europe they're not changing, they have been down all morning. we are looking for a pretty much action-packed primary day yesterday and we got it in vermont, connecticut and minnesota and wiscon

jeff south is chief investment strategist at raymond james, and michael tielyler joins us.n the past when i intimated that maybe we were getting long in the tooth, you get mad. you don't entertain the idea that the bull will keep going. kudos for that you still feel the same way even from here? >> i do. the secular bull markets do not end in a 20% or 30% pullback you saw the 1949 to 1966 secular bull market have a number of those pullbacks. didn't stop the bull market. same thing in '82 to 2000. you had a crash in '87, did that end the secular bull market? it didn't. it was a bad day but it didn't end the secular bull market. we think the market has legs for at least another six, seven years, maybe, maybe into 2027. >> so you don't really necessarily think a 20% pullback even puts you into a new phase you think that could be part of a secular bull if we were to go down 20% >> yeah. >> you do. >> i do. i don't think it constitutes a bear market. alan shaw, i believe at smith barney decades ago came up with that but i don't buy it it may be a tactical bear market, but it does

can see up 15%, that is going to be heavily trade in a big mover as far as market commentary at raymond jamesyclicals moved into cash? no, moved into industrials financials consumer on in cyclicals said associated with healthy bull market positive on apple, weak on cbs this morning. >> thank you nicole pap first to cross finish line to one trillion dollars in valuation several big names close behind the host of "varney & company," you have a predictions. >> we waive it want to take our audience walk to fox news channel friday afternoon where you made a stellar appearance on the five, as i recall. i thought you were really, really cool it occurred to me you and i go back about 10 years now working together on fox business network about 10 years what is the biggest story you and i have covered in 10 years? don't answer, i think -- [laughter] -- >> i think -- it is the extraordinary performance and gain in valuation of five big technology companies, apple worth a trillion, google amazon microsoft close, well above 800 billion, and facebook down at 500 billion essentially i have never seen anythi

particular, but what was interesting about this that we are seeing the job creation, and while i saw raymond jamesre still a high probability tariffs being threatened that are sitting here do go into place in september, then china's response funny a lot of people sometimes maybe going to being tact not worried sometimes they have it in minds, but to actually say these will go into effect sort of spooks people it is interesting we will have three rate hikes maybe rite september december january see about that we are seeing the job creation so we have a miss on this month's numbers 157, rather than 190, don't forget two prior months revised upside, to tune of 59,000, and the manufacturing numbers i know charles you love to talk about some 37,000 that is the most since december a lot of worries over the last 4 to 6 weeks concerning about tariffs what are we going to see we know the companies are facing, higher costs, higher freight costs material costs we not going to observe to costs cutting into margins are they passing them to consumers producing in same way? >> we are trying to figure that out. d

it's by raymond lee, brooks solomon, all working together to turn it into something meaningful. we work to achieve the goals that mr. oscar james had spoken about of 50%. if you look at other specific projects and not having the slides in front of me, we do see other sites, high-profile areas that people are paying attention to, projects like the shipyard or transbay, where you see the numbers are higher. i'm looking at it now. hunters point shipyard, 32.9, nearly 33%. to not go too far away, it's a good faith efforts policy. across the 7 million hours, it's 21% local. >> vice chair bustos: maybe this is a question to the director. isn't there a way we're able to at least have this body go on record to ask for mandatory 50% rather than good faith? because sometimes, i mean, good faith works to a certain amount, but if there's a plateau that's happening about san francisco workers, you know, we still want our people working, especially with the cost of housing. it would be a shame to have san franciscans build housing they can't afford. how can we work on this? >> director sesay: i would like to have staff come back with a pros

make sure that we were ok and that, there was someone there for us>( james ) the only suspect that has been named is 19-year-old raymondxpected in court on august 20th. ( darya ) the sacramento school district is facing criticism after a video of two students with black face masks using the "n" word has gone viral. black lives matter sacramento claims the students attend mcclatchy senior high school.. but the school district would not confirm. community activist berry accius (ax-e-us) works for a youth outreach program that focuses on alternatives to violence.. says the video does not surprise him. ( darya ) the district superintendent released a statement saying "the use of racially offensive language or behavior in our schools by anyone does not reflect our values as a school district and will not be tolerated." no word yet on what disciplinary action will be taken against

raymond lee and joshua arse and i will be here to address any questions that you may have. thank you. >> chair mondejar: thank you. do we have any speaker cards? >> clerk: yes, madam chair, oscar james. >> oscar james again. first, i want to commend that report. they did a marvelous job. i do have some problems. when we first came up with the community or the work force project, it was 50% community and 100% citywide. i don't know if they tapered off from there, but i heard 50%. it's 50% a grandfathered clause from 70, or is it citywide. after that, you go to whoever after that. san francisco community residents and san francisco as a whole have first priority on all of these jobs. i like what city build is doing in training the people in our communities and getting jobs and what have you. it's a lot of late overtime for a lot of the construction. i have a grandson, for example, who worked for 1 1/2 years and has been out of work the last six months. he's a drywaller. it's a lot of other people in our community who has been dealt with that problem and these are good -- some good workers. you do have some that want to hold up a shovel or what have you, but the majority of the people

raymond showed "60 minutes" the results. >> this is about 3,000 pieces of debris just from that one event. >> reporter: that came from one collision? >> just one collision. >> reporter: defense secretary jamestis was originally opposed to the space force idea. writing in a 2017 letter it would add layers of bureaucracy. but his position seems to be changing. >> we are in complete alignment with the president's concern about protecting our assets in space. >> reporter: as the commander in chief continues to push the idea. >> space force. people love that. >> reporter: there are currently about 18,000 men and women in uniform involved in space operations. although president trump says the space force would be separate and equal to the other branches, it would be, by far, the smallest of the military services. vlad. >> all right, david martin, thank you very much. >>> puerto rico is acknowledging for the first time that the death toll from hurricane maria is likely more than 22 times higher than the u.s. territory's previous estimate. officials now say more than 1400 deaths are blamed on the catastrophic storm. the last official death count was 64. david begnaud is back in puerto rico. >> repo