for nightly business rert, robert frank. >>> all right one more look at the big rally on wall street today. thanks to the better than expected earnings, the dow advanced 547 points. e nasdaq added 214. the s&p was up 59. >> and that will do it for us ton. i'm sue her aire thanks for joining us. >>> i'm bill griffeth. have a great evening. y se tomorrow. "bbc world news america." fundin of this presentation e made possi the freeman foundation, kovler foundation, pursuing solutions for america's neglected needs. >> wow. thats unbelievable. >> ♪

for nightly business report, i'm robert franke in manhattan. >>is and tha nightly business report for tonight. i'm sue herera thanks for joining us. >> i'm bill griffeth. have a great evening,l verybody. wee you tomorrow. >> this is "bbc world news america." >> funding of this presentation is made possible by the freeman foundation, and kovler foundation, pursuing solutions for america's neglected needs. >> how do we shape our tomorrow? it starts with a vision. we see its ideal form in our mind, and then we begin to. chisip we strway everything that stands in the way to reveal new possibilities. at purepoint financial, we have

robert frank has been digging into that story. he's going to join us at the 8:00 a.m.terally the second the gavel went down all of a sudden it was -- i believe banksy or somebody triggered this. there was a shredder built into the frame and it went down -- only went down halfway >> my favorite is the reaction to this woman. i can't believe what's happening. get me away from it. i didn't do it i didn't do it. >> i didn't realize. you thought frames came with shredders? >> i only saw the headlines. >> maybe it was placed in wrong. >> you don't think anybody would do it on purpose. >> i would contend to you, this is the art the art of -- and the performance art of undoing -- >> i feel kind of used. >> we fell for it and we're running it. >> i'm not big on performance art. >> i wouldn't expect you to be a bidder. >> compared to some of the performance art i've seen, it's pretty good. >> it didn't go down. >> it's almost disingenuous, cynical. >>> spacex successfully landed the falcon 9 rocket on the west coast for the first time ever. it launched and touched back down at t

for nightly business report, i'm robert frank. >> indeed. ing to handle floods by controlling what comes out of the sky. we'llxpin. >>> and s more earnings now do you component travelers beat quarterly earnings and revenfo casts as the company saw urowth in both of its personal and business ice divisions. and despite hurricane florence, the insurers losses from catastrophes narrowed to $264 million c last year.700 million shares fell more than 1% today to 1.14. >>> b not the same issue over at aig which after the bell said it expects the third quarter catastrophic losses. due to the typhoon in jpen in hurricane and mudslide. as a result the shares plunged in extended hoursto addin 2% loss during the regular session where any finished at 48.61. f thehis mere was one wettest on record in the northeast. and in central texas heavy rain is causing major flooding. extreme rain event are becoming more common and posing a new challenge t both cities, large and small. in our continuing serhes on rising risks of extreme weather to real estate, diana o

our robert frank joins from us the auction location in new york robert >> hey, sarah, we are here atick-off what will be the most expensive single stamp auction ever, about $10 million. all of that is because bill gross, the stamp kin o king and the bond king is selling he had what many consider the most valuable u.s. collection of stamps ever assembled. a complete collection. he had every u.s. stamp issued between 1847 when they started issuing stamps and then the 1930s. tonight he starts selling. the big question is what will the stamp market, which has actually doubled in the last ten years be like without bill gross? lots the questions over the sale we will show you some of the blocks the first is called the bible block. now this is six stamps from 1847 that was as i mentioned the first u.s. stamp assembled it was superrare to have six it's called the bible block because it was discovered in a bible in 1912 by the owner and it kept them very well preserved and rare the second one is my favorite. it's called the blue hawaiian missionary and this is also from the 180 ohs. between 5

roberts. he is by far the best chief justice. frank: say it again? hon. stevens: john roberts. frank: that is a surprising answer for somebody you don't agree with. hon. stevens: i don't but he is a very fine man. you cannot help but like and admire him. 100% in his corner. frank: you are both midwesterners. indiana, illinois. hon. stevens: notre dame. frank: it is a mafia. notre dame mafia. other than the fact he is a likable guy, why is he effective as chief justice? hon. stevens: he is a very efficient chief executive. he handles all matters that come to that office and require attention. he does a very good job. frank: were you ever tempted to go back and contact your colleagues and give them your two cents on what is going on? hon. stevens: yes. [laughter] i'm tempted but i don't do it. frank: that's great. justice stevens, it has been a pleasure talking to you. you are a wonderful gentleman and a treasurer of the united states of america. we thank you for your service. [applause] [captions copyright national cable satellite corp. 2018] [captioning performed by the national

robert frank joins us with the answer to that good morning >> good morning.ntry. the mark hotel in manhattan just unveiling the grand penthouse. 10,000 square feet, two floors, and costs $75,000 a night. that's got five bedrooms, six baths, library, living room with 26 foot ceils that you can turn into a ballroom, a dining room that seats over 20, and a master bathtub where the water pours from the ceiling i'd never seen that before now upstairs you've got a 2500 square foot wraparound terrace with dining and views of central park also a gourmet kitchen for bringing your own chef or you can get the room service from downstairs. you also get access to the hotel's 70 foot sailing yacht and a chauffeur if you want to go shopping at berdorfs even when the store is closed it's a favorite from oprah and mark davis and gee igi hadid. >> we started building in paris. so we have the mark paris coming in 27 months we are actively looking in london and l.a so the first phase would be paris, london, l.a we'll take it from there >> and this hotel suite is often booked it

in america, and cnbc cameras were the first to be allowed inside because we are just that good robert franks here with more on that. robert, this is one heck of a story. >> yeah, one heck of a hotel bill, too. the mark hotel is a favorite of oprah winfrey, the saudi royals. it's about to become more exclusive with the opening of the grand penthouse suite. take a look at what you get for, that's right, $75,000 a night. >> reporter: straight through the mark hotel lobby and up 16 floors is the most expensive hotel room in america. >> welcome to the mark penthouse. >> reporter: general manager olivier lordonnois is giving the first ever on-camera tour of the $75,000 a night hotel suite. how big is this suite? >> 10,000 square feet. it is the biggest in the city. this is the main living room of the penthouse. the ceiling height is 26 feet. >> reporter: there are five bedrooms, including not one, but two master suites. heads up in the master bath where water flows right out of the ceiling. >> let me show you the best views of the house upstairs. >> reporter: one flight up past a sunlit lounge ar

open an account today. >>> robert frank is live in new york city. ing 11% in the third quarter. it is the fourth straight quarter of declines. the top end had been hurting for a while. this quarter saw something new which is trouble in the entry level. it is now a buyers market across manhattan. this apartment tells us why. we are here and inside 5,500 square feet. outside almost 2,000 square feet it has a private elevator. you your own sunken jacuzzi. it came on at $25 million two years ago. it got an $8 million price cut now back on the market at 17 million and only now are they starting to get a lot of offers and a lot of interests that is the story across the city really discounts of 20 to 30% before you can finally get something sold bag to yo back to you. >> at the top end it is a lot of supply you know a lot of builders post recession. they built huge expensive apartments like this there is a lot of choice you have got to salt deductions which makes it very expensive. at the low end this last quarter you had the risinginterest rates. so you're

robert frank has done more digging on this story and joins us now from headquarters robert >> reporter: jon, the new york state tax department and the president both responding to that report of "the new york times" how donald trump received hundreds of millions from his father without paying proper taxes. now the president tweeting, quote, the failing "new york times" used the concept of time value of money in a very old, boring, and often told hit piece on me. now he's referring to the article stating donald trump received over $400 million during his lifetime from his father fred, that's far more than the $1 million loan he has often claimed. the article said if his inheritance had been invested in the s&p it would be worth nearly $2 billion his current net worth is around $3 billion the new york state tax department saying it is reviewing the allegations and vigorously pursuing all appropriate avenues of investigation. but there is little legal risk to the president since some of what "the times" describes is beyond the six-year statute of limitations for tax crimes they rarely reo

. >> we look forward to those -- you'd be annoyed to use one upon a letter robert frank that's does it to be "closing bell." >> "fast money" starts now >>> "fast money" starpts right now. live from the nasdaq market site overlooking new york city's times square i'm melissa lee. the traders are pete tharjen tim seymour on guy adami and karen finerman tilray getting smoked after hours. convertible note offering raising capital. we tell you what it meansfare the kbz craze backup but the general electric sharmds in the dark as the company grapples with saving the dividend while executing a turn around. bob nardelli speaking out for the first time you won't believe what he has to say we start off with the market showdown of the decade a chicken fight. yes. chicken fight rage and stock flies high the dow closing at a new high. 7-year high as the 10-year hit highs of the dat of the day stocks began to fall closing near the lows of the session does something have to guf if they continue to rise together what to buy now. >> the chick be -- you have to be particularly good at it obviously. >> yb

robert frank is following the story from a $17 million penthouse.falling a million dollars or less. we are seeing a lot of inventory piling up. this is a buyers market in manhattan. this tells the stories it is listed in 2016 for $25 million. check out this terrace incredible views over there. it is from your own jacuzzi. this came back under 20 million. it is 17 million and only after that price cut only now are they starting to get a lot of offers, a lot of interest. so you're seeing this across the board. discounts of 20 to 30% off of the original ask only then are you starting to see deals. back to you they coming on the market and you not as many foreigners buying in manhattan. all of these exterior forces come in at a time you think it would be going up because markets are so strong. all of the rules don't apply the question now is how much further down would we go and for how long that's the question if you're a seller or a buyer. clearly it is sort of 1 million, 2,000,003 million, olding it better >> a year ago they were. we don't have any o

robert frank joins us from some incredible penthouse in lower manhattan. >> sorry about that camera trouble manhattan real estate is a yearlong, total sales fell 11% in the third quarter that's the fourth quarter of double digit declines. if you look at the average price of an apartment, it fell 4%, just under $2 million. the luxury sector getting hit hard prices there down 12%. the problem is you have oversupply of new condo towers, tax law changes, and fewer foreign buyers all of that means basically it is a buyer's market in manhattan, or at least a wealthy buyer's market this apartment is a perfect example. we're at the penthouse of a brand new condo tower in soho. this is just the terrace area. there are 2,000 square feet of terraces, this incredible view of liberty tower inside you've got 5500 square feet five bedrooms, four baths, three wood burning fireplaces which is super rare in new york city, and look at the views. >> oh. cut out. we were enjoying the view. >> i want to see the rest of that i want to see the fireplaces. >> three wood burning fireplaces. >> he would go on to say

robert frank is here with more robert >> reporter: you look at the trade wars and the soft chinese economyd that hasn't slowed demand for art in china. one of the world's top collectors says demand is being driven in part by new museums. paint collector tom hill says while he can't predict whether the art market will crash or soar, chinese museums will continue to fuel demand for years. >> and this are under 7,000 museums in china, but they are growing at between 500 and 1,000 museums a year, so there is massive demand. >> a thousand a year hill also said to get government approval many real estate developments in china have to build museums, so new museums will actually be mandatory spot business had a record sale of $466 million in hong kong last month, including the most expensive painting ever sold in hong kong for $65 million. now, hill also told us that art remains a favorite of the global wealth and looking to avoid taxes or stash money offshore. >> if you're looking to avoid taxes, the art market is a pretty good way to do that and because, again, it's really hard to track. >> and

. >> weird story robert frank, thank you very much. >>> some tape in, president trump taking questionsg we'll be talking on the plane. i actually have a good relationship other than there's been no collusion, folks, no collusion. but i have a very good relationship, we'll see. i didn't hear you. no, i don't. i thought the way they behaved was absolutely atrocious i have never seen anything like it from the leaks of important documents to the statements they made to watching blumenthal who was a fraudster in vietnam, i thought the way they conducted themselves, dealt with a high level brilliant, going to be a great justice of the supreme court, the way they really tortured him and his family, i thought it was a disgrace. i thought it was one of the most disgraceful performances i've ever seen. so i have been hearing they're thinking about impeaching a brilliant jurist, a man caught up in a hoax set up by the democrats, using the democrats' lawyers, now they want to impeach him. i heard it from many people. it is an insult to the american public i think you're going to see a lot of thing

so many unanswered questions robert frank has the answers >> i've never had so many people ask me aboutrt market. a famous painting became even more famous piece of performance art in auction history friday night, the girl with balloon was sold for $1.4 million. right after the hammer fell, the canvas began sliding through the frame and into shreds. it appears we got banksyed, they say. and shocked on lookers watched raising speculation that the mystery artist himself whose identity still remains unknown might have triggered the device with a remote. banksy later posted a video showing how he secretly built a shredder into the frame years ago in case it was ever sold at auction. which he did not want to have happen he painted the work in 2006. either gave it or sold it directly to the person who then sold it through sotheby's so friday sotheby's says of course it had no knowledge of the plan and that it is in discussions with the buyer or, quote, t eer overt steps. our dealers tell me the piece may not be worth twice as much since it is now one of the most talked about pieces of art >>

robert frank has the staggering stats. >> yeah, as you and our "power lunch" voters know, he became thehest man in the world a year ago, but the forbes' list is annual, so it is now official the first time in 24 years that gates has not topped the forbes' 400. bezos is also the first person to appear with a fortune of over $100 billion is forbes pegged his net worth at $160 billion. but it's already higher since they closed the list the "forbes'" realtime index puts him at 161 and the bloomberg realtime index putting him at 162 gates second at $97 billion. the minimum net worth to even make the list this year was a record $2.1 million. more than a third of the nation's billionaires were too poor to make the cut now, there were 50 newcomers on the list ripple's chris larson, he's the first cryptobillionaire. drew houston of drop box entered the list and my favorite, the burger heiress, lindsay snyder. she's the youngest person on the "forbes'" 400 at a mere 36 she inherited the in-n-out burger chain, one of my favorites. >> and what happened to donald trump's net worth in the past year >

the first to say he was already seeing a shift in real estate markets thanks to the new tax laws robert frankupdate back in april, huh? >> yeah, the tax variation that barry talked about way back in april has begun. falling limiting the deductions for state and local taxeses. new data out today show that real estate prices are falling in connecticut florida posted the strongest gain in years, especially at the high-end average prices in miami up 15% get this, sales were up 51%. and in broader miami, sales up 24%, with prices up 3% meantime in greenwich, connecticut, a different story the average sales price falling 15%. and sales down by the third consecutive quarter. this home owned by leona helmsley purchased in 2010 for $35 million. put back on the market for $50 million in 2016. now they're down two $29 million. they're pricing it $6 million below what they paid for in 2010 in contrast, in miami, dj khaled bought this home for $20 million. it was on the market a short period of time really a tale of two markets right now. >> bringing you into the conversation to dig into the numbers is jo

counter intelligence who has worked for robert mueller among others and mimi, a distinguished fellow at the pace university school of law. welcome to you all. frank, because you alone have worked with and for robert mueller, i would like to begin with you. this caught our eye tonight from our friend and frequent contributor, barbara mcquaid and a former u.s. attorney requesting an fbi investigation is what innocent people do when false accusations are made. frank, i am attempted to joke at this point when you hear tales of drinking and heavy drinking and womanizing you think robert mueller immediately but you really did work for this man. we know a lot about his bearing and less about his life. talk about this smear attempt. >> brian, it has been several days of a somber nation and i have not laughed much in the last several days because of events but i laughed today. for the first time i read this account of this woman claiming she has been paid and reporting someone tried to pay her to besmirch bob mueller. it is laughable for two reasons. not the boy scout we all know and love but it is laughable because of the sloppiness with which the hoax w

frank, you alone here have worked for and with robert mueller. i'd like to begin with you. this caught our eye tonight from our friend and frequent contributor barbara quaid, also a former u.s. attorney. requesting an fbi investigation is what innocent people do when false accusations are made. frank, i'm tempted to say at this point when you hear about tales of drinking and womanizing, you think of robert mueller immediately, but you really did work for this man. we know a lot about his bearing and we know less about his life, so talk about this smear attempt. >> well, brian, it's been several days of a very somber nation and i haven't laughed much in the past several days because of events. but i have to tell you i laughed today when i first read this account of this woman claiming she's been paid and then reporting that someone tried to pay her to besmirch bob mueller. that's not bob mueller. it's laughable for two reasons. one, it's not the white shirt, starched shirt, straight arrow boy scout that we all know and love, but rather it's laughable because of the sloppines

. >> i think julia roberts should come back to frank. >> this is only going to last about a week, isn'tgive it all up, julia. i'm ready, i'm waiting. >> he wasn't ready then but he's ready now. >> she jokes it's bigger than her home in real life. there's also an easter egg in murphy's apartment. >> this i requested because this is my instagram handle and i just love this and that's what i feel like every day. >> i'm crying laughing. >> and finally jake mcdormt will be one to watch as he brings the fire. >> how much did you really know about murphy brun. >> we didn't know anything. i actually didn't. >> did you tell candice? >> yes, i did. >> i hear them do thing scenes and i start to get emotionple. they have such great chemistry together. >> wow sr right. so is tim allen as "mike baxter" in "last man standing." >> i just felt this wasn't done. we had so many scripts left. >> we were exclusively onset for the joyous welcome back party. >> welcome back, all you guys. this is just wonderful. >> in large part of the out praj the show was spoutd suddenly captures. >> i did that. that was a

three of them are also on the list of russians indicted in robert mueller's russian meddling investigation. frankuzzi is still here. frank, this was a story put on my radar by chuck rosenberg. we've been dying to ask you about it all day. tell us about the significance of this and what does it tell us about what russia is up to while we're busy fighting each other to death over domestic politics? >> well, first, welcome to the new breed of espionage today. the spies aren't now wearing cloaks and daggers, they're sitting in front of computer screens. and some of these very same people that were indicted in this hacking operation are the same people that putin used to -- and were indicted by mueller for hacking involving the russia investigation. so this is what -- this is how it's going to play out from now on. this is the new battlefield, cyber. so we're dealing with a country that is incredibly sophisticated. you know, a lot of folks say it's china, china, china on the cyberscene. but russia is more sophisticated and more willing and able to use cyber as needs. and that's what's going on here. t

robert bowers. good evening everyone. i am frank somerville. >> i am julie haener. mourners trying to come to grips with the violence. outside the tree of life synagogue mourners paid their respects to the 11 people gunned down yesterday. and today authorities leased the names of the victims who rage in age from 54 54 to 97- years-old. >> reporter: authorities are learning more about robert bowers the gunman in the synagogue shootings. even that see 46-year-old was being treated for his injuries after the shooting he told police he wanted all jews to die and they were committing genocide. injured six people, four officers and killed 11 others. on sunday authorities revealed the victims name. >> 65-year-old >> 65-year-old richard gottfried rorter: seve were held saturday night including here in pitsburgh. many said they could not avoid placing the shooting in a context ofwhite supremacist ask the likes are feeling more confident to go out and express their hateful beliefs. >> i have been blind sided by it. >> reporter: pitsburgh mayor is hoping to see it unity. >> le

frank figluizzi, amy stoddard at real clear politics and robert costa returns, national political reporter for "the washington post" andpo moderato ofgt the all important these da "washington week" on pbs. we welcome all of you back to the broadcast. frank, does this feel like they're going to tell a story something like, okay, you've got us, we wanted to ask the guy a t couple of questions, maybe it was going to be a rendition, wey were going to fly him out of b there to ask those questions. things got a little rough. we used outside contractors, and i can't speak for what happened after that. is that what we're looking at here?af >> brian, you could be writing the script for this right now, because i think that's exactly where we're headed in some form of bizarre, twisted, safe-saving measure for the saudis. but i'm here to tell you, this has all the earmarks of the dreaded saudi intelligence service. they torture people, they dismember people, they kill people. t their motto is a homeland not protected is one we don't deserve to live in. they take that to the extreme, where if you're no

i think, frank -- >> you are diverting the russian thing. >> i'm saying russia and china. >> despite robertdictments of oligarchs and intelligence officials president trump down playing russian interference in 2016 and insisting china is a bigger problem. joining me is director of communications at university of pennsylvania and author of "cyber-war." an analysis of online activity in 2016 that concludes that russia's targeted bots were decisive. i should declare, we worked together at anaburg many years and also loosely at penn and i'm so excited about this book. >> thank you. >> because i saw it in manuscript and you have real evidence. your analysis, so we can talk about the other stuff out there. should she have gone here and what about comey? you looked at two debates and that period in october, last two debates and most viewers say hillary clinton won, she knew more stuff and you looked at the high audience debates and other events that were happening that were driven in targeted ways by russian moles. >> technically it is the russian hackers but abetted by the trolls because the trol

issue so we have to hope chief justice roberts will use that leadership somehow to soften this pearce shship. they get close, these characters on the court. black and franker had great ideological differences but they were friends. >> the last time we spoke, doris, you said president trump doesn't quite stack up to previous leaders like teddy roosevelt had who had empathy, humility, fdr whose word was his bond but hasn't president trump kept his word? isn't he doing what he promised his base would do. >> that's fair enough. he's made the promises to get a tax cut, to deregulate things and get supreme court justices on. what i meant by the word is his bond is you say something and it's true and you don't repeat an assertion three times and it becomes true. normally what you want in a president, he campaigns on promises to one group of people. once you become president you expand that base. go to the parts of the country where people didn't agree with you. bring us together. this tribalism is in the country at large and everybody i bet on both sides are looking for a leader who can make us feel more a part of common citizens and americans rather than the o

robert barns tweeting out supreme court reporters, they so no press at kavanaugh swearing in. similar to samuel let o's swearing in. others have been teleadvised. frank in north an dover, massachusetts, independent caller frank, hi. >> caller: how you doing? >> guest: tell us what you think of the vote and the whole prost >> caller: i think this is upsetting. i'm an independent. i voted republican but that president who is a clown. i don't think this is good for the country. i think democrats or republicans -- not going to help us. with this keep going forward. it's sad. i hope that both parties can come together and this president doesn't help it. thank you. >> guest: all right frank. sherry in new york, democrat, hi sherry. >> caller: hi, i was raised republican, and i generally vote democratic because i vote for who i think is best. whether or not you believe dr. ford is kind of irrelevant because the way he behaved at the hearing was inexcusable. they should never have allowed somebody like that to be on the supreme court. >> guest: and what specifically sheary? >> caller: treating people like they don't -- he's much better than them. the supreme

frank with you and your viewers because i'm very concerned. donald trump's statements yesterday were closing a hateful pandora's box which he helped open arguably with his statements. specifically roberthe alleged gunman yesterday, referred to jews, funding caravans of immigrants, trying to overrun america. this follows upon weeks of rhetoric, some of which has come from the president, which has talked about that caravan of about 7,000 people as a threat to america, which is falsely said that it includes unnamed middle easterners and it follows donald trump's statements including this week, basically going after globalists and even specifically laughing when a crowd said that george soros, the jewish billionaire, should be locked up. i'm not saying donald trump put the gun into robert bower's hands, i'm not saying he put the pipe bomb into the hands of cesar sayoc accused of 13 attacks and also fervently supported the president's rhetoric, but i am saying that donald trump's language does provide justification for those who might carry out these attacks and it is time in my opinion for him and, of course, all other politicians to stop this, to absolutely stop, as he did last night, re

robert costa. and director of the school of media and public affairs at george washington university frank sisno is, we can go a lot of different ways, joe. great to have frank on board this morning to take a look at the media throughout the past few weeks. >> we were talking about that. also talking about the republicans gloating. let's put up really quickly a couple of examples of republicans gloating about actually getting supreme court justice nominated and through the process. lindsey graham said i'm not tired of winning. victory! of course this looks more like something that you would post after winning a football game. this is john cornyn, talking about bubbly for brett. again, i don't know that either of those two can compete with sarah huckabee sanders who talked about the supreme court being under president donald trump. submitting a tremendous legacy for the president. of course, talking about liberals and conservatives. because at the end of the day everything, bob costa, of surs is about donald trump in the eyes of sarah huckabee sanders and donald trump. it's not about the court or ab