us from washington. charles plosser joining us from chicago. brendan greeley, and julie hyman, and i read jersey joining us on this special fed coverage. -- and i read jersey joining us on this special but every. thank you all very much. note, aprogramming one-hour "with all due respect" at 5:00 eastern time. ♪ buddy- nice place, nice car what happened? well, it all started with my free credit score from credit sesame.com. they gave me so much more than a free credit score. credit sesame's money management tools and personalized offers saved me tons of money and helped me reach my goals. i just signed up with their free app. what's my credit score? your credit score is 650. that's magic! no, that's credit sesame.com you get so much more than a free credit score so do more with your score at credit sesame.com cory: it is too: 30 a.m. in hong kong look to the bloomberg market day. ♪ ♪ david: good afternoon and here is what we're watching this hour. janet yellen at the federal reserve hold the line on the interest rate. is the door still open for a

leslie joining us from chicago. couple of reminders for you, we have lots of great interviews coming up for you on bloomberg television today from the market influential summit. including bill ackman, coming up at 4 p.m. eastern, a look at activist investing. tomorrow from 6 a.m. to 7 a.m. eastern surveillance has an all-star lineup coming from citigroup. tom keene will be joined by chief u.s. equities strategist and ed morrish, will talk about oil and crude oil prices. also in speaking with the economist, dylan buiter. that is all coming up on bloomberg television and on bloomberg.com. coming up onbloomber nark -- day," microsoft unveils its first-ever laptop. ♪ ♪ live from bloomberg's world headquarters in midtown manhattan, we are watching -- you are watching "the blue board -- bloomberg market day fair go we have a check on the companies making moves just 30 minutes to the close. >> we werewere -- talking about biotech and energy with coal catching ri. look at the incredible games we are seeing in peabody, parti

they're forcing major cuts as diane estherbrook shows us from chicago. >> this is the neighborhood on chicago's south side. it lost it's cease-fire program back in march. so far this year there have been about 130 shootings in this neighborhood. that's about a third more than last year. there is also been recently a string of armed ribs arm robberies. the director here believes there is a connection between the loss of cease-fire and the increase of violence here. >> we have evidence that when cease-fire is up and running in communities across the state of illinois, crimes and shootings in our communities unfortunately we're not in all of the communities, but the small numbers of communities that cease-fire is working in, we do an excellent job in bringing down the violence and shoots in the communities. >> tonight we'll show you how some cease-fire programs are surviving thanks to private donations. diane estherbrook, al jazeera, chicago. >> diane will look into the struggle to keep the cease-fire program going. that air right here on al jazeera america. >>> a curfew is in effect in

ambition never rests >> dickerson: joining us from chicago is democratic strategist and cnn senior political commentate or david axelrod. thanks for being with us. what is your sense of the hillary clinton stakes? >> i think there are stakes but they have been reduced by the circus around this committee, some which you discussed in your inter views with the two leaders that have committee. i think most americans suspect that there's a political element, that is to say had hillary clinton not been running for president of the united states there probably would not have been an investigation, probably would not have led into the presidential race as it has here. then you have the testimony of some of his own members, i thought it was pretty remarkable when he kind of went negative on his own members. including majority leader saying i had no idea what the committee was doing. i think it was going to be a very pressure-filled moment for hillary clinton. it probably still will be. now there's lot of pressure on chairman gowdy to prove that this whole thing isn't merely a political escapade. >> d

let's get to the chief options strategist joining us from chicago and your read for the end of this week. >> well, i want to see some follow through on yesterday's action. we broke out above the september highs. i want to see good positive follow through but you can see as the markets are reacting it's important to focus on the price action. that's what i look at and we're getting positive follow through and a trap has been set for these shorts once again. it's deja vu. we bounce back and bounce back the distance of the sell off on top of the old highs. that looks at 2300 in the s&p. >> what do you make of the consumer sector given the numbers we saw from walmart this week and retail sales numbers as well. >> i don't think walmart is the barometer of the economy so much. what we have seen here with this consumer sentiment getting negative over the last month, you can view that as positive. as much as things change in august the fundamentals are solidly stable. you have low interest rates and inflation and low energy prices. those are a positive. now we're in the corporate earnings season

this week's viewer question comes to us from chicago. take a listen. >> hi.from chicago, illinois. my question is, is climate change associated with the natural disasters we've been currently experiencing? >> honestly, this is probably the second most popular question i get asked here as a cnn meteorologist behind will it rain on my birlt day party or on my wedding event. but to directly link climate change to a specific weather event is very irresponsible. we need a lot of data to draw those conclusions together. besides, humans, extreme weather has been taking place long before humans interfered with the climate system, for instance. but there is a direct correlation behind increasing frequency and tendency of flooding. in north carolina, catastrophic flooding. in fact, there was 11 trillion gallons of water that fell over those two states. enough to fill 16 1/2 million olympic sized swimming pools and that's enough water to end the ongoing drought in the state of california as well. and it did quite a number on the ongoing drought taking place in the carol

joining us from chicago. when you think about ferrari, what sort of comparison would you make? >> a lot of people make the lou louie vitton comparison. i think fiat is the most interesting play. they own 90% of it and what they are trying to do if he is right, there is upside there. >> it is all luxury and prestige. it should be well above an auto trading at a full multiple. i think they should be trading 21-25, but the one thing that concerns people is they will grow production, almost 30% over the next couple of years and that might affect the after sale value. >> a 30 year low for tiffany and that has not traded well the entire year. i also think about tim seymour in the righteous sunglasses. >> those were porn. those were my mavericks. >> em and enzo. >> it was a special time for both of us. and looking forward to the ipo. >> there is enzo. fiat-chrysler or gm or ford. >> i think we are at peak autos. i think things are so good you have to back off this trade. this could be a one off. but would you be a seller on the deal. >> from autos to tech. one trader bet $2 million th

jim joining us from chicago. and we're going to have you, if you could bank with us, rank the bank quality of earnings learning the scale of 1-5 money bags, with five bags being the best quality earnings and one bag being the worst. got it. >> got it. >> you're a smart guy. let's start off with jp morgan chase. reporting tomorrow after the bell. how many money bags would you gym jpm. >> let's start by setting the tone for third quarter in general. earnings are not going to be strong. i think the word is out on that. but earnings will be fairly weak because of the environment and we're below consensus across the board. now looking at jp morgan chase. we're putting a four bagger on this, one of the stronger of the quarters for two reasons. one, kind of looking in the rearview mirror of what happened in the quarter, we are the least below consensus in jp morgan. i think they'll have better expenses and it will lead to better results than some of the other guys post. but when you look at the quarter, you have to look

deirdre: phil flynn, thank you so much, oil analyst joining us from chicago. >>> there are ways thatge americans can invest in oil. max.com founder jonas max ferris with me now. >> the closer you are the crumier the investment is going to be. there is no way to own oil really. you can -- if you can't seize an oil facility like isis does, you're not going to make money in the oil futures market which is what you saw with phil there. because there's no dividends, there is no income, there are commissions, all the complicated issues with rolling futures contracts. etfs that own these don't hoard oil barrels like the etf hoards gold. you have the strategic reserve. overtime they use money and go to zero. there is no way long-term to make money as an investor. the second thing is to own stocks, larger stocks, exxon, chevron. they own oil because they own it in the ground where it is cheap to hold it. paid dividends, up to 3 1/2 paid dividends in the etfs, it is tied to the commodity going down a lot the last year and a half. if you're one of the investors. i got to get into oiflt got to c

chicago, a big night no doubt. don't forget here at home and those lucky to be outside that building right now. anthony johnson is there as well. anthony joining us live from chicago with more on the met faithful ready to see history possibly in person. >> joe torres just arrived here a few moments ago at wrigley field telling me he got on a plane. everybody on the plane pretty much coming to chicago. they're all here, the mets fans are here. you can see them behind me right now. we have seen a good sign that the mets could win tonight. in chicago. he's brought along with him choice signs showing mets love that he plans to display for the first time here in wrigley field. >> i'm raveling -- i'm traveling light tonight. about five signs. but usually about 25 signs. >> reporter: he wants to show chicago what his team is all about. >> we want to show the cubs how mets fans play. we play fair just like the cub fans do and we're going to represent tonight. >> reporter: we've all seen sal in action in citifield, usually his signs are good indicator the mets are playing well. well, tonight, he hopes to display his signs as the mets go for the national league cham

god bless us from the four corners of our nation, bless us from chicago to l.a., from ferguson to mississippialabama, new york. prepare us not for what we do today, but make us better for what we will do tomorrow when we go back home. when we go back home to engage in the building, living, working, loving, hoping of our people. strengthen us, o god, for you have not given us a feeling of powerlessness, but one of strength and power. thank you for the minister who called us together. spark thatds be the ignites the fire and all of our hearts to do what we must do to keep it burning. we are not here for the naysayers of god, we are here for the do sayers. they have a slave spirit. give us freedom and spirit to coincide with each other. lift us up, bear us up so that we can hold each other up. .s we stomp on the street as men poured out the bus to left -- lift them up as we go home. let us open our homes and communities to let each other -- lift each other up. hindu, christian, buddhist, atheist, no matter what we are, let us all work and strive for the power we find in the living god who is our

our guest joins us now with more from chicago.been a consultant in this industry for years. is it she doing right and where does she fall short? isst: the food industry under a great deal of transformation. there's a egg difference in how they sort things and buy things. cpg companies have struggled to keep up with how rapidly the consumer is changing. see a look at pepsi, i balanced portfolio and she's done a good job separating the product she-- hasn't too good for you, better for you, and fun for you. she's done a great deal of innovation of where the products need to go next. it's just tough right now and the food industry is in a time of low growth and band -- brands that are not on trend for authenticity and things like that are really struggling right now. a big part of the ceos job is to craft a narrative. story that pepsico they are telling? every brand needs a story and the way she has crafted pepsico as an organization has to look at each of the brands she hasn't realized that some of them like mountain dew are going to

industry in syria >> sreenivasan: all right, erika solomon, normally based in beirut but joining us today from chicago. thanks so much. >> thank you. >> sreenivasan: for decades, hemp has been taboo in the united states. federal law prohibited farmers from growing it, because hemp comes from the cannabis plant, the same plant species as marijuana. but the hemp ban is starting to soften. last year, congress approved pilot projects to grow a limited amount of hemp, and one state in particular, kentucky, is at the forefront of this agricultural experiment. and, at a time when tobacco farming is in decline, some farmers see their future in hemp. the newshour's christopher booker reports from kentucky. >> basically, a barn like this, with twenty guys, we can load this barn in two days. >> reporter: brian furnish and his family have been growing tobacco for eight generations. they started in virginia nearly two hundred years ago then migrated in the mid-1800s to the rolling hills of central kentucky. >> i guess it's a labor of love, one we have always done. we grew up in it and i guess we always will as lon

. >>> and joining us now from chicago is dr. gary shotkin from the university of illinois chicago school of public health. doctor, thank you for being with us tonight. >> thanks. >> a lot of progress has been made but clearly a lot of work left to do. why is the mortality rate so high. this is a disease that can be cured. >> yeah, that's exactly right. and so this is kind of a mixed story. but a really important story because you can see the progress that the world health organization and the countries have made because there's been about 40 million people whose lives have been saved in the last 25 years because of the way world health and their workers have been working on this. but the rest of the way is in need of resources and that's what they're talking about. so why are people dying from tuberculosis? it's largely because we haven't been able to reach them. so you have to imagine hundreds of thousands of health workers in these countries, but still not reaching all of the people who have tb who need treatment. >> do you fee

reportererg news leslie patton joins us from chicago with a preview.roll down memory lane and talk about pepsico's original spin off of its restaurant chain which took place in 1987. what was the motivation? >> they are two totally different businesses. restaurants are more cyclical and prone to economic swings than making soda and chips which is pretty inelastic. >> it also speaks of their business model. young with aggressive, expanding overseas, especially in china. pepsi took a different approach. yum was on a first restaurant brands to really recognize the opportunity overseas, especially in china. pepsi does not have the infrastructure, the bottling facilities that it's larger counterpart, coca-cola has. its playing catch up there, trying to expand overseas. facing troubles in the u.s. here with people drinking less soda. >> that has been a big issue for pepsi and coca-cola. let's stick with yum. the company's reliance on china has been a hindrance of late. an investigation into its local suppliers hurting sales, hurting profitability. is the wor

news, ok.is good joining us from chicago is the professor of economics at the chicago booth school randyhe former governor. taking some q and a, of course, the chicago fed resident. has metthe labor market the fed liftoff conditions. he says the job market is good enough that we should be able to raise rates. do you agree? >> i think most people would --ee that the label market labor market has come back significantly, green 200,000 jobs for month for many months. unemployment down 5%, even some of those broader measures that janet and others look at are starting to come down. the real question has to do with inflation and the prospect for inflation. betty: that is right. we have not seen that. we don't see inflation take off, which we haven't, is that enough to say let's pause in december? randall: the key has to be where inflation is going. it is the trajectory of inflation. you don't want to wait until inflation gets to 2%. by the time the fed has some impact on the markets, inflation every 2.5% or 3%. you want to do it in advance, but the key is do we have enough evidence that inflat

he joins us live from chicago.psa good sign that the volatility is over, that perhaps this is the calm we have all been waiting for, john? john: i think so. at the open, there was a renewed fear of global deflation. chinese import and import prices certainly spoke for the markets. you saw emerging-market economies slow, but now you are seeing signs. particularly, oil above $50 a barrel, gold, likewise, is around $1140 an ounce. to be aems normalization trade in place today in north america. we saw s&p futures get above the 1991 key technical fibonacci and above thevel, 2000 level. there is a sense of normalcy coming about the market. of course, that was punctuated in the minutes, which suggested that the fed state on hold and in september because of the volatility in the markets. it seems to be a temporary hold. how mucht normalization can we have, since we are all waiting for this rate hike? that's right, but other central banks are in play. there has been chatter about the importance of the october 22 ecb meeting

coming to us from chicago at the cboe. stay with us on bloomberg market day. market check for you. it's not just with going on in stocks, but we have to look at the bond market today as well. ♪ >> and it's noon in new york, 11 -- 12:00 in new york and :00 midnight and hong kong. >> welcome to the bloomberg "market day." scarlet: that afternoon. i am scarlet fu. alix: earnings season underway. thanks coming in with a surprising beat, even if they are dealing with a surprising quarter. analysts cutting profit quarter to low. revampingarlet: profit. they come complete with hardwood floors and all the trimmings. once again fears of access supplier driving the drop. scarlet: first, check on the markets. for more on today's activity we will head to julie hyman with the latest. we are seeing gains right now. juli

us now for the "closing bell" exchange, the bigger picture for the markets. david from jeffries is with us today and mary from merrill lynch, steve grassorganization from stewart franco and rick santelli joining us from chicago. rick, steve grasso, i'm sorry, let me start with you to get a view from the new york stock exchange and what's going on today. so many different stories and i go back to a question i asked you the other day. is there t. market trading more on the fundamentals going on or is this more a technical kind of market here? >> i mean, it wants so desperately to trade on fundamentals. if you drill down on fundmentals, bill, dollar strength on a relative basis which is going to be a headwind for the multinationals. no one is getting super excited about that. technically we had -- you start off the show saying that we had one of the worst quarters, we've had the worst quarter since 2011 for equity, the worst quarter for commodities in 2008. what would really be the impetus to start buying into that if you look at what past performance has been, we've sold off 40 to 55% in the marketplace with two negative quarters. i don't mean to be the bearer of bad news but i don't -- depending on where you

speculation that the fed will delay the rate hike, and let's get more with jack, who joins us now from chicago, really great to see you. let's talk about wall street. the longest winning streak we have seen this year. has the worst been priced into shares now? jack: well, i think for right now, perhaps it has. we had a bit of a bounce back from an oversold condition. we also tested those lows that we hit act in august, so i do think that at least from a technical standpoint, i can we rationale for this bounceback very near term. however, it does beg a broader question, and that is does the fed really have our back? i would love to say yes. but they really do not have much firepower to protect risktakers in the event things go south on this economy. yvonne: so how are you seeing the fed respond to all of this now? have they missed he window in september? should we have hiked rates be sore -- before we saw the disappointing number? jack: they should have tried to normalize and get back to fair value, if they could. the certainly are not crisis conditions, those conditions that really precipitate

barring a ridiculous chicago comeback, it looks like the mess will be moving on. andy garman joins us with more live from chicago. andy: tony, it is not over yet. that is what cub fans need to remember. it is not over yet. it is 8-3 nats -- 8-3 mets. it is the bottom of the ninth in the cubs are coming to bat. if they come up short, the season ends with 101 wins. the old phrase, it was fun while it lasted, it was a lot more than that. a great ride for cubs fans this year and a surprising ride for most of baseball, seeing what of the youngest rosters anywhere in baseball come out and win 97 regular-season games plus the wildcard playoffs, plus beating the team with the number one record in baseball, the cardinals, to get to this point. the frustrating part, the cubs offense has been blowing the doors of people and has quite frankly evaporated in this last couple of rounds. as been tough to watch some of the cubs big hitters this year swing and miss in the postseason. as we said, right now headed to the bottom of the ninth. the cubs with one final shot. if the mets hold on to win, they will sweep the serie

communities -- >> i have to cut you off because we're out of time but thank you so much for joining us from chicagono problem. >> and here in new york, thank you to alex, thanks for your reporting on this for the chicago tribute. come up next, threatening weather bearing down on the east coast this weekend and the mayor of roseburg, oregon, on the latest we know about thursday's deadly shooting. after we're all inside for a while, it gets pretty stuffy. when dad opens up the window, what's the first thing he does? (kid sniffs) (dad sniffs air) the tobin stance. but when we open up the windows, you can see the dust floatin' around. there's dog hair pollen more work ♪ ding dong wow! what's this? swiffer sweeper swiffer dusters removes up to 70% of dust & allergens. stays on there like glue. you can't do that with the other broom. wow, i love it! (family sniffs air) the tobin stance. that's totally what it is. >>> welcome back. we have much to get to this hour. first, let's get the very latest from nbc news meteorologist bill karins on the weather putting parts of the east coast at risk this morning.

phil lebeau joins us from chicago with more. phil? >> and, mandy, it's because for fiat chrysler this is just one part of sergio's grand plan which is to free up or unlock the value of ferrari in order to help fund what fiat chrysler is going through over the next several years and there's plenty of value within ferrari and plenty of appetite for this ipo. the latest s-1 filing today, 17.2 million shares expected to price between $48 and $52. now, the final pricing will happen tomorrow. expect the first trade on wednesday. the valuation expected to come in just under $10 billion roughly speaking. that's a 14 times multiple for ferrari. compare that with other automakers and it's a much greater -- or much more valuable multiple. the profit margins on ferrari, 14% and those are the types of margins people look at and they say, fantastic, when you're talking about an automaker but as a luxury goods maker, it might be a little lagging some of its competitors. for sergio this is just one step in his grand plan as he continues to build fiat

news and joining us from chicago and james good morning and thanks for joining us and want to stick withry clinton for a moment and rival bernie sanders talked about her shouting, listen to how she took that. >> i've been told to stop and i quote shouting about gun violence. well first of all i'm not shouting. it's just when women talk some people think we are shouting. >> reporter: they can count the number of boyfriends i had that conversation with, james, clinton clearly using sanders' comments to make a point about gender stereotypes is that going to be effective for women away from supporting mr. sanders? >> i'm going to have to stay away from any bedroom analogies, stephanie. but, no. it's not going to have i think much impact. it's the pot calling the kettle black with bernie sanders with two decibels, loud and loud and so, no, i don't think it's going to have a whole lot of impact. >> look who is shouting. switch to republican side and ben carson said definitively yesterday doesn't believe abortion should be done even if a woman is raped and he didn't stop there and listen to thi

john yang is joining us from chicago.ennis hastert specifically in his own voice in court. >> reporter: that's right, thomas. we heard him admit and acknowledge that he structured these bank withdrawals of nearly a million dollars, $952,000 with 106 withdrawals. that he structured it to avoid triggering bank reporting requirements. but he never talked about what the money was for. as you know, the indictment and the plea agreement both say alleged that these moneys were hush money, paid to someone identified as individual a to cover-up misbehavior some three decades ago when hastert was a high school and wrestling coach here in illinois. but he never addressed that. it could come up in sentencing of february 29th when he'll be formally sentenced. in their statement, the prosecutor said that at that time they will bring up all relevant information about hastert's past that could affect this sentence. so it is possible we'll hear more about it, so not necessarily find out who individual a is. >> john yang reporting for us i

jpmorgan funds anastasia amarosa is here, along with peter cost can a, rick santelli is with us from chicago as well. an shash is that, do you blame the public for the confusion they feel about the markets? after the volatility of august and then the fed not raising rates in september, mainly because of this slow down in china. what's going on here? >> there is so much confusion, so much inaction i think on behalf of the invest urs ers because it's difkt to see where no tourn. the fed has cause this had confusion. in september they told us the u.s. economy is fine, but maybe we are not fine because there is a slow down in china. yes, bill, i agree, there is a lot of uncertainty that has picked up. i think this week maybe has given us a little clarity on both of those two things, the fed and china. first of all, on the fed front, we have gotten retail sales that were somewhat disappointing, fine for the quarter. inflation that's at sfwloe, it's not moving anywhere. so you couple that with the comments from the fmoc members and what they're basically saying, it's not enough for us to implicitl

many of you know i'm from chicago. i used to ride by schwinn to wrigley field and sneak in or we'd stand there waiting for ernie banks to hit a homerun over the ivy line wall. we'd scramble to grab the ball. over the years i never saw a world series game played at wrigley ever. in fact, the cubs haven't won a world series since 1908. do the math. that's over a century. the cubs take on the new york mets in the national league championship series tonight. i'm hesitant to say they are a team of destiny. however, 26 years ago in 1989 the film "back to the future 2" starring a young michael j. fox predicted that this year, 26 years into the future, the cubs would win the 2015 world series. >> wait a minute. the cubs win the world series? who would have thought? 100-1 shot. i wish to the beginning of the season, put money on the cubs. >> well, being a cubs fan has been bittersweet. give me love here. don't hate me. it's destiny. just ask marty mcfly. have a great weekend. everybody. go cubbies. >>> good evening, everybody, i'm lou

us. stuart: and next to me is tom horowitz who came from chicago.rth quarter. >> worse and probably bad. we're going from stability to volatility. not the volatility resent, not turning back and forth, but i think we are going to see more significant drops in the market. stuart: tom said it's the global economy slowing down and the fed isn't making up its mind what it's going to do. >> the fed doesn't know what to do and how to get out. >> i think the exact opposite, stuart, i'm sorry. i think that journalists came on and made points about 2011, a horrific quarter and we still had global economic worries, but at the time was greece and europe, ashley was there and lived through that. >> we're four more years into that fed recovery. >> it's the fed's fault? >> no, not raising interest rates is the fed's fault. we're 4 trillion in and. stuart: scott in chicago and todd in new york, you say a rotten fourth quarter, things are going bad. cheryl says, no, it's going to be okay. ashley: yes, it was greece in 2011, but let's face it, china is no greece. st

phil flynn joins us from chicago. phil, big move this morning in oil.ow do you look as potential for export ban situation today playing into the price? >> i think it is going to definitely pass the house. the problem it is not going to probably pass, even if it passes the senate, president obama already said he will veto it. even though parties, both parties agree this is the right thing to do, because of political purposes, and because president obama's anti-energy policy, we're probably not going to get this done. look what is happening to oil prices today. they are soaring today. this is an ol' school rally in the oil market. risk on, like early days of quantitative easing. people are starting to realize oil production in the u.s. is starting to roll over. there is more geopolitical risk in the marketplace. to be honest with you, more accommodative fed, this will give oil a good headwind. maria: phil, a lot of our guests on the show looking at oil as a range. when it gets down to 40s, i want to buy it. when it gets up into the 50s, close to 60, you w

. >> good stuff thanks for joining us from chicago on that we will see i again in a little bit walgreen's centers we talk to a major player in the sector what this means for their future, and as we head to the break vice president joe biden speaking to "60 minutes" on his decision not to run for president. >> will you ever run for political office again. >> no. no. i can do so much more. i believe. i hope i leave office in as a respected figure. amerivest selects the funds and manages your portfolio. is it run by robots? no no, you can talk to a person anytime. 'cause i don't trust robots. right...well, if the portfolio you're invested in doesn't perform well for two consecutive quarters, amerivest will reimburse your advisory fees for those quarters. i wasn't born yesterday. well, actually it looks like you were born yesterday. happy belated birthday. thanks. for all the confidence you need td ameritrade. you got this. help individualize our cancer treatment? now through advanced genomic testing, we may be able to pinpoint and diagnose what makes your cancer different, which can reveal p

phil lebeau joins us from chicago with the details of ferrari's ipo and then i have some questions, phils about this because everybody would like one some day, i think. >> i think so. you're a porsche guy. we just got the most updated s1 coming from fiat-chrysler regarding the ferrari ipo. pricing between 48 and 52. final pricing tomorrow. trade is expected on wednesday. i know a lot of people want to talk about ferrari but you have to look at this from sergio's standpoint. this is part of a bigger plan when it comes to fiat chrisser and growing fiat chrysler. this ipo will raise $5 billion that will go directly to iffia fiat-chrysler that will go to pay down some debt. fiat-chrysler will be more of a global automaker targeting 7 million in annual sales. they are at 4.8 million last year. in order to get up to 7 million. it's all about jeep. look at the growth under sergio of the jeep brand. 276,000 when the auto market was bottoming you want in 2009. it gross to 1.02 million last year. by adding factories in brazil and china, 1.9 million in global sales by 2018. folks in the auto indust

he was at the conference and joins us from chicago this morning.orning to you. >> good morning. >> going into yesterday before you had heard from the president, you know, we have talked to a number of law enforcement who have felt like the president did not have your back. what was your take away from the message yesterday? >> you know, based upon your statement there, me and a lot of colleagues felt there was a lot of support for law enforcement. but after the message that was delivered by the president yesterday, i came away with a very positive outlook. i was encouraged by his words that there is support for the law enforcement community. >> well, up until just last week, he was defending the black lives matter organization. he did, however, bring up at one point the idea that we need more gun laws. and your reaction to that suggestion is -- >> i think that there are plenty of gun laws on the books but i think there are a lot of loopholes to tighten up. if you look at statistics, such as the statistics released on lost guns, there's about 200,00

closing bell but let's talk through it and joining us so early on this friday, todd is joining us from cme in chicago. good to see you. we were talking about all the earnings beats and we were looking for a 5% eps declines. similar to last quarter but when you set the barlow and this has happened the last few quarters it makes it easier to come out with stellar report cards seemingly. >> good morning, if you can say financial engineering and currency wars and you set the bar so low so you're expecting a ramen noodle and get a hamburger you're excited and pushing it up. we're still at the average chase for yield because there is no place else to go. so with draghi's speech saying he's going to do whatever it takes and we'll have more easing it makes it easier but you have been talking about the b for buy back. if we're going to continue to build our earnings on buying back stock and taking advantage of the cheap money that doesn't do a lot for the overall company. it doesn't help growth and doesn't do a lot for the shareholders either. >> but big question going into the end of the year, maybe that is

from the capital commitment. us,-- cory: interesting. when you look at this business, if you are having a different kind of plane for this business, obviously, the plane that takes you from chicagonew york is not the one you want from san francisco to singapore. mr. flohr: we have two different airplanes for different flights. always use the right plane for the mission. cory: how old are the planes? mr. flohr: 1.8 years. we're planning to use them only five years before selling them. we buy brand-new airplanes. cory: what makes tech people different in what they want them airplanes -- what they want from the planes? flohr: they love the consistency of the product. whennk they are more savvy it comes to a new business model , which they embrace in the valley. just think about the hours they need. that is what we are offering. cory: i know how you are getting home. i appreciate it. that's it for this edition of bloomberg west. starting monday, it will be one .our-long hearing at 6:00 next week, we will see you on bloomberg west on monday. ♪ >> at the cabbage night sports fans. i haunted house tonight to hunt for trump ben carson

chicago tribune.com on this wednesday, federal courts reporter jason meisner writes the following. today's guilty plea by dennis hastert marking a dramatic downfall for the illinois republican. he's joining us on the phone from chicago. he was in the courtroom this morning. thanks very much for be being with us. >> thanks for having me on. >> describe the scene. what was it like? >> hastert walked into court, chicago, kind of rainy, dreary morning. it was barely light out. a horde of media in the courtroom. he went and waited for the hearing to start. once it did, it was 20 minutes, pretty cut and dried. he said guilty, sir, when he was asked how he pleaded to the count of illegally structuring bank withdrawals. >> a 15-page plea agreement. so what's the back story. who is individual a, and what happened? >> well, anybody who was looking for new details did not get them today. they're pretty disappointed, because this plea agreement is pretty much identical to the indictment. it alleges that may made these withdrawals to hide the fact that he was paying individual a to hide wrongdoing that he had done against this person in the past. now we didn't get any new details on who individual a is. and certainly, we

god bless us from the four corners of our nation, bless us from detroit, from chicago to l.a., from fergusonsippi, to alabama, to new york. god, prepare us for what we do today, but make us better for what we will do tomorrow when we go back home. when we go back home to engage in the action, the building, the living, the working, the loving, the hoping of our people. strengthen us, o god, for you have not given us a strength or a feeling of powerlessness, but one of strength and power. thank you for the minister who called us together. let his words be the spark that ignites the fire and all of our hearts to do what we must do to keep it burning. we are not here for the naysayers of god, we are here for the do-sayers. we know that so many of our are free, but they have a slave spirit. give us freedom and spirit to coincide with each other. lift us up, bear us up so that we can hold each other up. as we stopped on the street to help a woman on the -- in an accident on the way here, as men poured out the bus to lift them up as we go home. let us open our homes and communities to lift each oth

from sweeping their way into the world series. our otis livingston is in chicago for all the action, joining us from wrigley field, and i'm betting the rain cannot cool off daniel murphy right now. >> reporter: it certainly can't. i'm not sure if you can tell how hard it's coming down, but it's not dampening the spirit of the mets. they are excited right now on the verge, one win away. it seems like every time the cubs had an answer for the mets, the mets came back. we talked about them being a resilient team, and they showed it again. the cubs' fans, they are a faithful bunch, confident bunch, and they will come back to prolong the series. moments ago we heard from joe madden. >> win on wednesday, and it's just about tomorrow. of course we have to win four in a row, absolutely, but i want us to concentrate on tomorrow's game, that's it. >> reporter: okay. all right. tomorrow night, matz has a chance to pull off the sweep to go back to the world series for the first time since 2000. he have it covered for you. reporting outside of wrigley, and it's raining. >> it definitely is. try get dry. >> thank you, otis. >>> the american le

chicago cubs in game four last night to win the national league championship. >> and otis livingston was there for all of the excitement. and he joins us live from chicago. great to see you. what a night, good morning. >> reporter: good morning, mary and alex. and the sign says it all, thank you cub fans because their season is over. there will be no historic come back as the mets kept the pedal to the metal. and the mets jumped on them from the words play ball. the cubs may have poked the bear, lucas duda finally gets into the swing of things, a three-run pop in the 1st you night for duda. and another punch to the gut of the k back to back jacks in the 1st. and not even the windy season could cool down daniel murphy. sixth consecutive game with a home run. and the nlcs mvp. and on to the world series for the first time in 15 years. and the celebration was bananas as the party made its way from the clubhouse and back out onto the field. >> i can't tell you the the emotion and the excitement that's going through my body. can't be more proud of this team. more excited for the city of new york and this organization and these fans. [ cheering ] >> they hung

he joins us from the cme in chicago.ums up the week best for you. >> susan, i really, really like you and but i have to go with the jurors row here. it's the big story. >> come on. >> we're totaling up the scores as well. the first week with a victory for frost. christopher, of course a agree with you. the fed surprised us all with that hawkishness, no. >> yeah. i'll give you a little bit more there as far as why the euro is such a big issue right now. we broke through that 110 handle earlier this morning. that sort of momentum created volatility overnight that we haven't seen. when it broke below 112, a lot of us traders believed we could see ka pitch you lags trade down to 106, 107. the nasdaq had a good run. 10%. i don't believe it's sustainable. we'll have a pull back in november but as far as the euro is concerned that's the big news on the floor. >> all right. i will concede. and be a good sport woman in this case. but christopher, since we are looking at the best month for equities on wall street since 2011 what h

he joins us from the cme in chicago. joininthanks for joining us. this trend is down here.ll be rally back up today? >> i will say we will buck that trend. will get the data that will show a build. we saw that yesterday but there is too much geopolitical risk out there right now, and i think there will be a lot of short covering from the people that have been shorted at 50 plus. i think the 45 level, even though we will see that build later today, will be a short-term support area here. i don't know that we will rally all the way back up to 50, but i think this range of 45 to 50 is fair. the geopolitical risk is great to see oil fall much further. matt: if you look out midterm, longer-term, is there a geopolitical risk outweighing the incredible oversupply we are facing? scott: probably not. oil go with the oversupply in the height of the oversupply? it barely reached the 40 mark.that is why i think or i-5 is a fair level. may be over the next two or three months we see it dripped into 42 or 43 territory. matt: when is this cycle turnaround --when does this cycle turnaround

joins us live once again from chicago.s good to have you here today. >> thanks for having me. >> i know there's new names i want to talk about. i love your thoughts, though, on wal-mart. and how a value investor like you sees value in a stock like that. >> we don't own wal-mart, and because of that i don't have much to say about it. structurally when we look at the industry, we consider most of the bricks and mortar stores to be disadvantaged relative to on-line retail. we do own amazon, which is kind of an odd stock for a value manager. once we bought it, it was cheaper on the price to sales basis than most of the bricks and mortar stores. they're slowly going out of business. >> for a guy who may not own that many retail plays, wal-mart is not even one that would pop on your screen for some of the very reasons that you just mentioned. >> as the price keeps coming down here, more like a structurally disadvantaged company, we get interested in it. you consider buying that name if it continued to drop to a level that you fo

chicago. notice how far this is from us. it will take a while for this to arrive. even though the cold front moves through in the next couple hours, the cooler air will not arrive until this time tomorrow night. across the board, closer to home, 70 leesburg and manassas, culpeper at 67, showers and winchester earlier on, 61, same in luray. the temperature just about 60 degrees in town, the skies gradually clear, the wind out of the west at five to 15. tomorrow morning, you will need the sunglasses most of the day. early morning temperatures in the 50's. waking up tomorrow, the wind will be generally out of the southwest, changing out of the west by midday. still lots of sunshine. by this time tomorrow night, notice the euro beginning to change direction out of the north and west, that is the cooler air that over spreads friday. enjoy the fall color change. high in the district, gw parkway, rock creek park, highs around 75 degrees. the seven day outlook, trick or treat her's will be happy -- trick or treaters will be happy with the costumes, not having to wear a coa