tom k: what do you presume those authorities will do as they get to the china monday morning? it seems at this point china's leaders are not planning to intervene to prevent evergrande from failing to make good on its obligations. what i do think they will do is they will be active in the markets. the people's bank of china is already active in the markets to prevent contagion. a slowdown in the broader property sector, that is already underway, but the lesson of history is that china's leadership only allow that to run so far before concerns about growth takeover and they step in to put a floor under the market. jonathan: just how far are they pushing this already, and how far do you think they will push it? tom o: china property is the single biggest sector in the economy. some suggest that instruction and associated demand drives up to 29% of gdp, but that has come at a serious cost for china. money that goes into building real estate isn't being used to lift the manufacturing sector of the value chain. it is not being used to push the innovation frontier. so policy makers

will be catching up with david from goldman sachs, -- tom: what's he going to do, reaffirm optimism? try to get s&p 6000 out of him. jonathan: six kyear. that's not goldman's, is it yours? make headlines. tom: what's important is the way they construct their optimism. i'm seeing a real theme from people to forget about the mumbo-jumbo and go back to earnings power and revenue power. david wilson mentioned fedex. jonathan: we have not mentioned that apart from mr. wilson earlier. here they are, weighing on this, kaylee, continued supply chain has slowed u.s. demand compared to the earlier forecast. the current labor environment is in the operation of the network significantly impacting our financial results. there's a lot of stuff to work through for the year-end. kailey: absolutely, kings in the supply chain throughout, and the real shortage of people. the fact that it costs more to have people doing the job. this is the margin compression story. to your point, david and the rest highlighting the earnings story. if the margin suppression is coming in and the changes -- it changes the story, how do you keep the thesis? tom: i love

, decades behind box head on al jazeera, coastal areas of a spanish island of la tom, i on high alert as lava from evil. k. no heads towards the sea and bangkok, bars and night life stand idle despite the government's desire to bring back tours . ah, that is one storm leaving the east inside of north america. and another one coming into the western side, soviet weather appears to be in the north, but there is a swirl of cloud here in the desert, south west and the 4 corners states if you like. and that will produce significant thunderstorm thing during both tuesday and wednesday, so it's easing the heat, but unfortunately, inducing the warm hot when that's getting the fire risks and in california, the rain and some snow is on its way. and during tuesday and wednesday through b c, they dropped down through to washington state as well. of course, the other mountain states of the us. it's the progression i suppose. again, the change of season. and as we say goodbye the story where the newfoundland, the still rain left behind on the eastern side to canon and new england down in the gulf. and increasing feeds

i've written tom, people not admit, he doesn't know exactly the number of u. k. citizens still left the dentist and that as he faces a backlash over his handling of the evacuation mission from the country, ah, are broadcast direct from our studios in marco. this is our international. i'm john thomas. certainly glad to have you with us. now end of an era of remaking other countries. that's how us president joe biden describes the withdrawal from afghanistan. while claiming that the mission there was a success or to kill them up and has the tips. while the long awaited speech from joe biden was significantly delayed, the press waited quite some time for joe biden to finally come out and deliver his remarks. and now the town of the speech was overwhelmingly a defensive 1. 1 point he shouted about how the united states was facing a choice of leaving or escalating in afghanistan and how he made the choice to leave. interestingly enough, he did go on to then blame the afghan army and donald trump for the setbacks and the problems that have recently taken place. and th

antitrust regulatory risk for both, which i do think is meaningful and something we're following k closely. >> now, tom, it seems like investors are also shrugging off this idea that it's allowing some apps to kind of bypass their app store fee. this news out this morning that allow some of the apps, including netflix to provide links to their websites for user payments which allows them to kind of get around that 30% app store fee that's become a little bit more controversial investors don't seem to be a re reacting to that this morning. >> i agree with you that investors are not looking and reacting to that that's a good question on why. my thesis is that over time that 30% commission that apple collects from the app store could decline to a lower number such as 10%. i think maybe the hope from some investors is that if apple can make adjustments on its own, it won't require the government to step in and maybe come up with a more onerous solution for apple. i think it's curious that investors are giving the stock a path on that important development. >> tom, real quick just to come back to valuation

tom: good morning, everyone. it is jobs day in america. across the nation and around the world, it's just another jobs report. i am sorry, there is something different. jonathan: let's go through the number. 400 k is the low. one million is the high. there is a belief that whatever this is, it sets the tone for the federal reserve decision on september 22. tom: it's much more about the gaming of gdp of america. ellen stopped the world with a 2.9% statistic. if you have a 3% american economy, how do you add jobs? jonathan: demand has been great. supply-side is been the issue. that's where the story is. that's why september is so crucial. would we start to see labor supply match the demand we've got in this country? you might have to wait for it. tom: helen made it clear it was about the auto industry and another of -- a number of other sectors. when it comes down to the six americans out there, which are you focused on. lisa: the one third of jobs she says are not coming back. i was thinking about the question. the answer is not clear. how does the fed read that? is there a lot of slack in the labor market? those jobs are not coming back. all of the jobs that are open don't have people to fill t

tom: we are basically going to stop the show to help you get your 401(k) out to 2023 or 2024. fargo has written the clearest equity bull market note i have seen in weeks. there's a lot of bulls out there. michael schumacher joins us now, wells fargo global head of microstrategy. i was blown away by the acuity of saying own stocks. do you have an enthusiasm for a bull market forward? mike: i think you've got to be enthusiastic at least for a month or two. the equity market focuses on tapering, like just about everybody else. the fed says we will probably taper pretty soon, but we are not quite there, so you get a reprieve. in the near term, it seems pretty positive. i think the nonsense about the dots is just that. who can see out to 2023 or 2024? jonathan: i can't see to january. i think that is the problem. i asked this question earlier. do you think this fed sounded a little bit like the old fed in yesterday's news conference? mike: i think that is a good point, in particular the discussion of rate hikes. powell sounded a little bit frustrated with that discussion. so i woul

i spoke to tom ready, he's a lori driver and also a transport consultant at green candle traction. he says the u. k. is temporary. visas came as an option for that. it's simply not enough. we've always had an aging generation of truck drivers in this country. the, the youngest demographic on taking up the positions because it's not particularly appealing in terms of the working hours. and the poor conditions. pay does pay play a part in it, but it's not the whole story. we do expect a lot from much on the u. k. and we need to start looking at the overall structure of the role and structure of the industry to see. because otherwise, if nothing changes, there's not going to be a future for truck drivers in the u. k. it's not a job. people want to do in the 21st century. it's a difficult situation, but the writing has been on the wall for the transfer industry for the 1015 years or more in the shortage. the build, the build up subjects. it again, that was we could see what was coming around the corner. and the industry had been quite vocal in what they were concerned about. and now we're seeing very,

k. we are basically unchanged in the s&p 500 step we are positive on the nasdaq stock. toms looking at the yield. it's stunning. jonathan: your top this morning, lisa. tom: ruskin is talking not about the g7 but the g2 and that can only be the united states and china. he says this needs to be washed. in what way you watch this relationship? >> i think this relationship is fraught for many different reasons, not least of which is political. the economic divergence which doesn't have to happen in tandem with politics but the divergence he you see an economic policies, particular monetary policy is important to keep in mind in no small part because you are seeing no sign that china will take up any slack in slowing growth in the united states or any tightening of monetary policy in the united states. if anything, you are seeing a further slowing in chinese growth. that's problematic from global growth. it's a signal that pmi is topping out. we've got to see how this plays out. tom: we have a framework of when london is overcome by events and berlin and washington. what is the

tom for that report. >>> and we thank you for kicking off our thursday with "early today. i'm frances rivera coming up on the "today" show, kan exclusive interview with a mother and daughter who survived th majestic mountains... scenic coastal highways... fertile farmlands... there's lots to love about california. so put off those chores and use less energy from 4 to 9 pm when less clean energy is available. because that's power down time. >>> good thursday morning. you're watching "today in the bay." i'm marcus washington. >> i am kris sanchez. i am in for laura garcia. we want to start you off with a traffic alert. >> good morning. what a difficult morning when we have to start with this type of news, somebody was hit and killed by a car just before the north livermore exit and that means the backup starts before vasco, and westbound 580 was fully closed for about 15

k. that is the low end. one million although it down to 400. 725 is the median. tom: is there a dartboard the does a three-month moving average? i am going to go to a three much moving average. there is job formation. for jerome powell, it's simple. they've got to see more to get that 10 million jobs employed. jonathan: we will have him on wall street. you take the jobs print and you have a conversation about what it means. let's talk about it what it means for fiscal support. in the wall street journal. lisa: they want to take a strategic pause to assess the inflation data. that's going to be the new transitory as we partially what they are looking for. to that point, underneath the headline number and looking at the wage inflation that is going to be important, if you see significant wage inflation, that may tie the fed's hands more. it bleeds into the tight labor market. jonathan: you wanted to make the point on the participation rate. for many people, that is the view that separates. that is their outlook of the participation rate. tom: the initial force of a ser

k. to rescue the dog. and those don't seem had more read you the he would be and then our sort of bimbo parliament. tom took a heart, was crying oh translate to being left, the old boat collaborated. the british government had defended the size of its power, saying they are based on legal principles and reflect local customs and practice anti war activists. chris 9, him meanwhile, says the government has been at the forefront of disastrous military interventions . you know, what worries asked is the lessons haven't been boris johnson is continuing to be push a very aggressive intervention. foreign policy, the coast guard with britain really after afghanistan, after iraq, off to syria and libya of yemen. they need one to stand these kind of for a minute. change vengeance only cause more. more disaster only makes the world more unstable. i'm the make the world more bullets are great, great hatred against the western powers amongst large numbers of people. and it's a policy that has failed and we need to have an accounting of that fact. and we need to have a change of calls in our foreign policy. and that

i'll ask people, myself included, adhere tom so we can get in as many folks as k possible. miss harden, you cite an article and i think it is this one. i wanted to ask. it is called the real damage while fema is denying disaster toou black families have lived r generations in the deep south? yeah. thee article cites that many, many families are being denied aid by fema because essentially, people have inherited properties through generations? but they haven't, they don't have payment worko to show tha it is inherited. i was down in puerto rico after the hurricane katrina. and this was a terrible problem there. we pushed very hard to have it remedied and fema worked out a allowing people to self-certify after enormous pressure.at this article says fema has been unable to extend the same fix to the deep atsouth. and i think that'sy part of you testimony, that this results in deeply discriminatory impact on communities of color. is it your sense that this is something we have to make sure femaav addresses? >> yes. we definitely do. just the fact that we've already dealt with t

. >> here is tom ford on how this huge spending plan will i effect you. >> reporter: the plan will put children in pre-k would provide two gyears of community college for college students. there would be 82 billion for public school improvements and more money for universities that serve minority groups including historically black colleges. >> we need to deliver for the american people. >> there would be help with child care, so middle to low income families with kids under five would spend no more than 7% of their income on such services. it proposes to help low income family to save mumbai making the earned income tax credit permanent. it would pump 35 billion into child nutrition, giving 9 million more children free school lunches. we are not leaving anything behind. we are not passing infrastructure bill and saying oh, there is no urgency to take on climate change on immigration or any of these other things. >> reporter: 150 billion in grant is aimed at helping electric company providing clean energy, there are rebates of consumer going more green and money for electrifying the fleet of federal veh

tom frieden, appreciate it. >>> next, the administration which said the drone strike was built as a lifesaver to k kill terrorists did not work. >>> a missing woman and currently two are not talking, ahead. this is the sound of an asthma attack... that doesn't happen. this is the sound of better breathing. fasenra is a different kind of asthma medication. it's not a steroid or inhaler. fasenra is an add-on treatment for asthma driven by eosinophils. it's one maintenance dose every 8 weeks. it helps prevent asthma attacks, improve breathing, and lower use of oral steroids. nearly 7 out of 10 adults with asthma may have elevated eosinophils. fasenra is designed to target and remove them. fasenra is not a rescue medication or for other eosinophilic conditions. fasenra may cause allergic reactions. get help right away if you have swelling of your face, mouth, and tongue, or trouble breathing. don't stop your asthma treatments unless your doctor tells you to. tell your doctor if you have a parasitic infection or your asthma worsens. headache and sore throat may occur. this is the sound of fasenra. ask your doctor abou

k. is running on empty right now. as hundreds of stations in britain like this one have run out of fuel just to give you an idea this tom green, sorry, out of you, sorry, out of these, sorry out to you on every single pump. and this station says exactly the same. why? when so, because the country is run out of fuel, but because there's not enough laurie drivers to get the fuel to these pachel station. but as usual, the government's messages keep calm and drive on the advice would be to carry on his normal. and that is what b p saying as well. well, he may say carry on as normal, but empty tank just isn't normal. phoebe admit it's running dry and hundreds of stations and now affected by even seeing cars, laptop outside, open cultural stations, up or down the country to get the last drops of petrol. of people go back into the panic buying mentality that we saw at the beginning of the pan demik. i just saw the mchugh in the morning as well now as well. and i was just told that there was no deal now. so i'm literally on to the trip tomorrow, so i don't have any diesel car. again, i am going to do that and i know what i woul

k, we are not done with you yet. >> peter joins us from the white house. peter, the president also spoke about how he's still committing to bringing those americans home. >> reporter: tom, that's right. president biden says he has made public commitments to allow them to leave and that the u.s. has economic leverage. without american soldiers there, critics say that's relying on a diplomatic effort with an american enemy. tom? >> the big unknown tonight. all right. peter, thank you. the taliban quickly declared victory after the last american troops left, celebrating as they took over the kabul airport. here's richard engel. >> reporter: today was victory day for the taliban entering the airport. their fighters inspecting the spoils the u.s. left behind at what was the last american toe-hold in afghanistan. the taliban spokesman saying today the group wants new relations with the west and are even open to foreign investment. they looked over the aircraft and weapons u.s. troops abandoned and decommissioned so they can't be used. but american forces did not damage the airport itself. the united states is relying on the airport to reopen quickly to evacuate american citi

tom foreman. >> reporter: what can you buy for $3.5 trillion? high on the deliverable list is education. the american families plan puts $200 billion into universal pre-k, educating 3 and 4-year-olds, effecting 5 million kids. provide two years of tuition free community college for older students, feds picking up 75% of the tab, states covering the rest. there would be 82 billion for public school improvements, also more money for universities that serve minority groups, including historically black colleges. >> we need to deliver for the american people. >> reporter: there would be help with child care, middle to low income families with kids under five send no more than 7% of income on those services. proposes to help low income families save money making the earned income tax credit permanent. and build into child nutrition, 9 million more children free school lunches. >> we're not leaving anything behind. not passing an infrastructure bill and saying there's no urgency to take on climate change or immigration or any of the other things. >> reporter: 150 billion in grants aimed to help electric companies to provide clean energy. there are rebates fo

tom foreman to walk us through what that looks like? >> reporter: what can you buy for $3.5 trillion, high on the deliverables list is education. the americans family plan would put $200 billion into universal pre-kucating 3 and 4 year olds. two years of free tuition community college for older students with the feds picking up 85% of the tab. states the rest. and more money for universities that serve minority groups including historically black colleges. >> the key is to deliver. we need to deliver for the american people. >> reporter: there would be help with child care, so middle tole low-income families with kids under 5 would spend month more than 7% of their income on such services. he proposes to help low-income families seiche money by make making the earned income tax credit permanent. and it would pump $35 billion into child nutrition, giving 9 million more children free school lunches. >> we're not leaving anything behind. so, we're not passing an infrastructure bill and then saying, oh, there's no urgency to taking on climate change or immigration or any of these other things. >> reporter: $150 billion in grants aimed at helping electric companies provide clean energy. $9 billion to

tom was excited about this deal from apple. they have educational pricing. so on their imacs for students and professors and also k huge. >> i washed mine in the washing machine. >> $100 off from an air mac pro. >> only for students >> this is full disclosure opportunities. >> revlon, so this is a volumizer brush and so it's just $38, normally $54. also drybar is having a 20% off on their heating tool. the brush crush just $47 and for the fashionistas, bobble bar. okay, their number one best-selling product, the little stacking rings, tons of celebs from julia roberts, but these stacking rings are normally $20, down to $16. lastly, clothing for the entire family madewell, extra 30% off. stuff you can wear now these jeans are so popular normally $135. $52. and old navy, i mean for the whole family, guys, you know, up to 60% off select items. so, so many great deals. >> the mannequin is taller than me thank you. i'm excited to dress for fall now. >> i love it. >> sweater weather >> you can find these deals and more by the qr code and heading to today.com/shop. just so you know, "today" gets a commission for purchase

news on what 44-year-old tom brady is telling us about some comments he made about his future in the nfl. that's on pop start. first a quick check of your local news and weather. . kl fires we're almost there. congress is close to passing a clean energy plan that tackles climate change head on by creating millions of good-paying jobs in the fastest growing industries. we can lower utility bills for families today whilotecting the planet our children inherit tomorrow. congress, our window to act is closing and once it does, it may never open again. act on climate change, now. if you have this... consider adding this. an aarp medicare supplement insurance plan from unitedhealthcare. medicare supplement plans help by paying some of what medicare doesn't... and let you see any doctor. any specialist. anywhere in the u.s. who accepts medicare patients. so if you have this... consider adding this. call unitedhealthcare today for your free decision guide. ♪ every single day, we're all getting a little bit better. for your free decision guide. we're better cooks... better neighbors... hi. i've got this until you get back. better parents... and better friends. no! no! that

tom brokaw. p >> good eveit's 11:. pthe long nighas been su p has continued well in p night 800 civilian and p military personnel were kdriven into the side o ppentagon this morning aftt p attack on the ppentagon this morning aftt p world trade center the most concentrate p efficient and cold-bl p terror its long histo p serious attack since harbor. president biden is p serious attack since harbor. harbor. president bi white tonhe has pledged t people that those responsibl will b9any natio harbore will b9any natio harbore r wil will suffer the prescue effort ow irp tons of steel a smoke. but now new york city police p offic on their cellpho they're alive. rprehema has had a tour zero. rehema? p >> reporter: tom, i'm ab pblocks right incredible c rp of us made our way barricades right into the he ofp take a look at s pictures. p hosing down the smold p remains of what is p rworldarea, and the p rworldarea, and the emer emergency p r it's frightening a devastating. here in this area p except workers. pthey're literally raking h p the rubble hoping to f so ofp they did pull o rubble alive. rp 30 mi0 minutes prio we unders