we'll ask vox media chairman and ceo jim bankoff about that next. of course, still a lot more ahead on botoday's market rally take a look at that. the dow is up 434 points the s&p is also up 1.3%. the nasdaq is up 1.6%. we'll be back after isre th bak servicenow put our workflows in the cloud. this changes everything. you're right sir... everything. no not everything, i mean you're still blatantly sucking up to me gary. brilliantly observed, sir. always three steps ahead. six steps ahead. sixteen. so many steps. you done? a million steps ahead. servicenow. works for you. >>> welcome back to "squawk alley. stocks continue to rally with the dow up over 450 points right now. biggest gains since june 4th the dow is now within 2% of its all-time high. the s&p, less than 1.5% away from its july record high. joining us now to discuss all of this is senior markets commentator mike santoli and chief investment strategist brian belski mike, i'll start with you. >> yeah? >> taking a look at this market right now, your thoughts >> it's a round-trip back to july

vox media acquiring new york media.he company behind "new york" magazine and others, it's an all stock transaction. joining us exclusively here at post 9, vox chairman and ceo jim bankoff. jim, good morning. >> good morning. good to be here. >> last time you were here i was asking you if you were making a call on consolidation. i guess you were making a few literal phone calls on consolidation. some people will look at this and say it's a 51-year-old magazine that you're buying, but there's more to it than that how much did the digital properties really make the value here >> a ton and i'm glad you led with that. a lot of people know new york media for "new york" magazine particularly but if you live in new york and all over the world now it's relevant, is iconic and has a great history. it will continue to have a great future in printi, of course. what you may not know about new york media, its digital business is really its primary source of revenue, its primary source of growth they have done an outstanding job of gr

populism says, vox populii, vox dei, the voice of the people, the voice of god. people are wise, temperate, informed. it's all nonsense of course. but extremely flattering. people are impatient. the madisonian system makes it hard to move the government. when the founders went to philadelphia in the summer of 1787, they did not go to devise an efficient government. the idea would have horrified them. they wanned a safe government. to which end they created three branches of government, two branches of the legislative branch, each with its own elected constituencies. veto overrides, judicial review. supermajorities. all kinds of ways to slow it down. i, however, cannot think of anything that the american people have wanted intensely and protractedly that they did not get. we talk about, oh, there's gridlock in washington. nothing is getting done. barack obama's administration is said to be a case in point. dodd-frank was the most comprehensive financial reform since the 1930's. the affordable care act was the largest expansion of the entitlement state since 1965.

he was above the checks and balances, it was the vox populi essence of populism. it was popular with people to have a president say, you are virtuous and i am the vessel into which your virtue is poured , and therefore, presidential-centric, the essence of progressivism, appealed to large numbers of people. no one ever went broke praising the virtue of the american people. >> why has congress subordinated itself? george: well, the presidents of both parties have been given by congresses of both parties, extraordinary discretion partly because there are only 535 members of the two houses of congress. and has been for many years. in the senate since the alaska and hawaii joined the union. but in that time since we began -- had 535 members, the business of government, the business of dust of the busyness of government has increased probably 20-fold. there is now nothing that is not the federal government's business. so if you're a, going to stick everything, aso congress is going to do, and if you want to get reelected, he went to make these interventions of american

logo a symbol of happiness appropriated by hitler to signify german history from military gear to the vox farkle car nazis created a tightly regulated set of symbols that reinforced hitler's stature as the supreme leader of the german race. the fox and the people's receiver was sold to germans as a way to choose speeches the model number 301 is a reference to the 30th of january the day hitler was sworn in as chancellor of germany in 1933 the nazis rejected communist and modernist in theory but appropriated both walk creating little new. there is no such thing as nazi design of the 3 or more different kinds of of design is you know the classical. vary from and it's also modern and it's adopted from you know from ideas of these and that already existed and the nazis go their own meaning to it and that's of course very important and that's why you have to explain what it was all about in the thirty's and forty's. often used architecture to impress the 136 burned in the olympics was a chance to show germany as a global force and the massive stadium was the centerpiece the stadium still stand

this is the observer, the much used and often derided television or radio vox pop, asking people for necessarily agree that it is the right thing. views. the paper doesn't necessarily agree that it is the right thinglj feel strongly about this. media organisations quite rightly are very careful about how the use opinion but they are not anywhere near as careful when it comes to vox pops. they are very convenient and provide a bit of colour, they are quite easy and cheap to do but not very representative. and it can...” representative. and it can...|j disagree that they are easy to do, i have spent many a date trying to get them. journalists don't like doing them. journalists don't like doing them but there is a question of representation, who are you going to get on a rainy monday afternoon in a market? you would be surprised! i am sure i would be but i think it is a big issue for media organisations. it isa big issue for media organisations. it is a great training tool when you are starting out and get asked to do are starting out and get asked to do a vox pop on what you think is g

logo a symbol of happiness appropriated by hitler to signify german history from military gear to the vox vokoun car nazis created a tightly regulated set of symbols that reinforced hitler's structure as the supreme leader of the german reiss. the fox and the people's receiver was sold to germans as a way to choose into hitler's speech is the model number one is a reference to the 30th of january the day hitler was sworn in as chancellor of germany in 1933 the nazis rejected communist and modernist in theory but appropriated both walk creating little new. there is no such thing as nazi design of the it's compiled of 3 or more different kinds of of design is you know the classical. vary from and it's also modern and it's adopted from you know from ideas of the zone that already existed and the nazis go their own meaning to it and that's of course very important and that's why you have to explain what it was all about in the thirty's and forty's. often used architecture to impress the 136 burned in the olympics was a chance to show germany as a global force and the massive stadium was the c

vox but for now the c.d.u. is here to say that's a clear signal tonight probably the only big tent party that is not in immediate crisis it's a very different picture with the social democrat s.p.d. that is currently struggling to work out who will lead it into a process of renewal. and de is gaining popularity it in all of germany but they're especially popular in eastern germany why is that. well there is actually there was a lot of polling done on this and a lot of it sounds contradictory for instance more than 80 percent of people.

vox. >>> the ceo of boeing invited to testify before congressut next month the 737 max planes and planes were grounded earlier this year following two deadly crashes and severalhonvestigation into the 7p 37 m designed and boeing has been working with the faa on new flight simulinor training attempt to ge the planes bk up into the air. >> new sca targeting people who use the payment app convenient mow. several police say some users are getting a text message their skt about to be charges and they're directed to a web site where the can decline the fake, rngts, >>>. >>> new in the distinct sports betsing may be facing legal sets of challenges morehan 2300 million worth of challenges in a new xlaixt cori coffin joins us liver with the details and this is one of the spots that could be the head quart he's or one of them in e disstripingtment scorey. >> yeah this was thought to and hoped to be one of the mainyo spots that could eventually bet on sports and hole come this fall. and now the timeline we don't know if it's poing to beause because this but we know the asmplaint h gone all the way

they have this pretension bit of latin, beyond the incident of the vox populi, which means beyond the voice of the people. that's not democracy. shoich jeff sharlet, the docuseries, is a five-parter on netflix based on your two books. thank you for joining me. >> next on "matter of fact." >> we have to advocate, agitate and make sure that our voice is being heard and that we're being taken seriously. >> inside the fight for one neighborhood to change yet remain the same. neighborhood to change yet remain the same. plus, pulling the plug on better than olay? olay regenerist faced 131 premium products, from 12 countries, over 10 years. olay's hydration was unbeaten every time. olay, face anything. [ soft piano music playing ] mm, uh, what do you do for fun? -not this. ♪ -oh, what am i into? mostly progressive's name your price tool. helps people find coverage options based on their budget. flo has it, i want it, it's a whole thing, and she's right there. -yeah, she's my ride. this date's lame. he has pics of you on his phone. -they're very tasteful. dprevagen is the number onemild. memo

joining me now is alex ward who is a staff writer for vox and also the writer of the article.rst points that stood out for me in your article, it states that trump sold out ukraine to try to cozy up to russia. why did he say that? >> well, we do remember from the republican national convention, basically you might recall that there was a controversy over what happened to language about giving military aid to ukraine. originally, the plan was to say that the trump administration was in support of lethal aid and then got taken out to appropriate assistance. so there was a worry that maybe manafort who was the trump campaign chairman at the time or other people didn't want to commit to offering lethal assistance to ukraine in order to cozy up to russia. >> let's talk about manafort. beyond whatever role he may have played at the convention, of course, he is in lock up here in new york. whatever role he may have played, what sort of connection does he have to ukraine? >> quite a big one. he was for years a lobbiest for the pro russia group political party, was an a adviser to mari

a vox report said the "new york times" did not run a correction it was nearly revised.she went on the view and said it was corrected. >> did you read it right before it went to print? >> we thought we had. as soon as we realize this we corrected it, they wrote an editor's note and restored it. liz: what's going on here? >> i need a flow chart to keep up with everything these women were saying. their primarily agenda was to create as much chaos as they could with the hit piece on brett kavanaugh. and they want to sell as many books as they can. but no one will be held accountable. this is the agenda-driven media. they hate president trump and anyone associated with him. their primary objective is to take him down if they can. but these ladies will point fingers as the everyone but in the end it's a bunch of lies. the hill and the new york media left out from their original piece, that the alleged victim, they didn't refuse to be interviewed and didn't remember the sexual misconduct charge them allege. why do the story at all if the alleged victim' didn't remember it and

and as far as i can tell, from sort of vox—pops, and family and friends at home or whatever, people areprime minister, or how opposition mps are behaving. because it's one thing what they all think about each other, but how is this playing out in the greater public? could this be affecting the result of a general election, if it is held soon, do you think? yeah, certainly. we've just heard from the political cabinet this afternoon a briefing that actually, you know, they believe that the tory party can, you know, win in this way. and that they've done very well with their fundraising in september, we're just hearing, their most successful fundraising month ever. but this is the gamble. it's a massive gamble, is that, can you key into what's very real frustration with this whole mess, byjust being the person who says, i'm going to get it done? i don't care how it plays, i'm just going to get it done. i don't care what it takes, i'm just going to get it done. but also in terms of how you might respond to this, downing street still wants to get a deal. but from some of the conversations i'

fully understand or doesn't understand the scope of it at the key post we did a segment called the vox populi and we went out on the street and asked people what they thought selenski should do president so let's get crane should do in responding to this issue and the answers were really quite all over the place people follow it they don't necessarily perhaps comprehend how big this is in the united states and how significant that marriage is why would a man do you think of with his experience of a reputation except such a posting under a president like trump this is not at all hard to understand in fact yesterday the journalist keith gessen published a story of based on the interview he did with kurt volker and basically kurt volker told him rather straightforwardly that when republicans who are against trump were coming out as i have never trump he didn't follow that position and he felt that if trump is if trump is elected then he will need smart talented people on his staff to do the job so it's very clear that he believed that he could make a difference by by working in the workin

this is from a vox article today and the article cites an old theory that was written about by a former justice thomas clerk about a way to get judges sort of impeachment. it was a provision on the constitution stating that federal judges and justices shall hold their offices during good behavior. that's a legal term of art which would be understood by the founding generation which would allow it to be removed by the judicial process. so what's wrong with this legal rationale? >> this is not a legitimate constitutional scholar and i'm sure that will change. it's 200 years of our history opposed to that. but you have to understand, this is a culture war. they will be unrelenting. i will show anyone high or low, this particular new allegation, as you know, but first of all the woman herself would not speak to them and has told her friends she has no memory of it. this clinton team lawyer would not even speak on the record. so it's completely frivolous and preposterous. but, we expect them to keep going on. >> you all pointed out how dangerous this is, it's a politicized hyperpartisan and

she will become the president of vox media. >> this is not the new yorker.an elitist media guide. do they have thosegreat cartoons >> that is the new yorker, owned by same owner of vanity fair and vogue. >> see, this is what i need. >> new york magazine has been an independent magazine >> the person running it, stepped down a few years ago >> who is running it now >> his former deputy >> wow, this is tmi. bill daley will join us to discuss the talk of the how much impeachme impeachment inquiry. you are watching "squawk box." >> today's big number, 15% that's how much of the world easy internet bandwidth is used for streaming. so they'll be okay? i think they'll be fine. voya. helping you to and through retirement. when i lost my sight, my biggest fear was losing my independence. mmm... good. so i've spent my life developing technology to help the visually impaired. we are so good. we built a guide that uses ibm watson... to help the blind. it is already working in cities like tokyo. my dream is to help millions more people like me. and now for their service

is another thing floating around, again, they're so desperate to hold on to anything, this is from a vox article today and this article cites an old theory that was written about business a former justice thomas clerk, sifer kosh, wait to get at judges short of impeachment. i think it was a law review article, excuse me for not know, a provision of the constitution stating that federal justices and justices shall hold their offices in good behavior is wadely misunderstood. would have been under stood to allow judges to bebe removed by judicial process. what is wrong with this legal rationale in your view, if anything? >> it's been completely reputiated. there's not a legitimate constitutional scholar i'm aware 6, i'm sure that will change, in the twitter verse we live in, it is 2 up years of our history oppose. that but you have to understand, this is a war. this is a culture war. they will be unrelentings, and i will show no mercy, metaphorically speaking, for any of the people, high or low who is joined in this vile attack on justice kavanaugh. this particular new allegation, as you kn

vox compared your jobs guarantee part of your plan to a proposal from three economists from duke andon and they wrote their plan up for a left of center think tank and the center on budget and policy priorities and you may be aware of this, but their price tag to do what they say you're essentially going to do is $543 billion a year been is that what you're talking about and where would that money come from? >> no. i really hope that people will go to corybooker.com and look at my plan. yeah, i supported and wrote the bill for a pilot program on a jobs guarantee and i hope that people look at that limited program. >> this plan is -- yeah. yeah. this plan is actually the opposite of cost. it actually is going to add to our economy. remember, the republicans sold their tax bill as something that would actually grow our economy. what we've seen right now is that it's had a $2 trillion price tag and in other words, it blew a $2 trillion hole in our budget and my plan would reverse the tack cuts and give 150 million americans a tax increase and actually redefine work as we know it because

he also writes regularly for vox's the big idea and for the federalist and his work has been extense sily covered in "the new york times," the post, wall street simprournl other places. our fearless moderator is carlin bowman, a senior fellow at aei where she analyzes american public opinion ranging on social and economic topics. she's commented on the evolution of american politics through the lens of key demographic and geographic changes. so, please join me today in welcoming our distinguished guests. >> thank you very much, ryan. i would like to add our welcome to everyone here and our c-span audience. demographic change has been much in the news in the last week. as you -- those of you who spent seven hours listening to the cnn debate on climate change heard a question from the audience, to bernie sanders, who was asked whether or not he would talk about the population explosion and its relationship toll climate change. he said, in fact, that would be part of his campaign. at the other end of the rhetorical spectrum, elon musk gave an interview on artificial intelligence and sai

that is from the vox box.aid that it is taking on a weird combination of fromrate and mean and this inside elections right after that moment saying castro crossed the line. one more from former obama political adviser david axelrod, hooley and castro is on the -- julian castro is on the attack and accuses biden of betraying the spirit of barack obama on health care, castro is throwing long with great risk. goat -- let's go to the democrat line. they are not discussing anything that will concern me. i have a bladder prolapse and everywhere i am going they are telling i have to go to a private doctor and i don't have the money. i worked in oceanside, new york for 30 years and i think i earned it in the united states. host: they talked about health care. caller: that is what i was listening about because i really need it and i am in pain every day because i walk around with of -- with my bladder having collapsed on me. what what could've debt could a candidate -- what could a candidate have said that would have a

joining me now, adrian elrod, msnbc contributor and republican political consultant, contributing host to voxee you both here. let's start with things with you. your response to that line of attack from senator graham. why aren't democrats voting to officially open an inquiry given that that does create an opening for republicans to undercut their message. >> yeah, first of all, lindsey graham, every time he goes on television, every time he talks to a reporter in the hallway, he sounds more and more pathetic. i don't know what other term to use for this. the republican playbook is so obvious, so transparent. everything from opening this investigation spew hillary clinton's emails to going on television and criticizing nancy pelosi, who, by the way, is beloved by both democrats and republicans, especially given the way she's handled so far this potential impeachment process. in regards to an inquiry, let's see what happens over the next two weeks. we know adam schiff and members of the intelligence committee are going to be staying back in washington while congress is in recess looking at all

softbank kept propping up the value in the media world you could argue the buzz feeds, the vices, the voxsy new investments layered on top of each other so every time we had this new headline. >> it means there's a disconnect between the public market valuations and private market valuations. >> it means they're made up. >> have you ever looked at the high the 52-week high and low on a stock? many times it's either half -- the public market values the same stock at 50 or 25 in a 52-week period. >> who's right >> it's not apples to apples >> it's always hard to value anything there are so many variables that go into it. >> at the end of the day valuation is a function of wh s who's -- metrics and -- >> the greater fool. >> supply and demand has a lot to do with it. one thing i would point out is the m&a market may be a better home for the private companies. >> that's interesting. >> that's a private valuation and strategic. public might remake of it. >> what do you make of softbank and what he has done in terms of pushing up these private prices? i say that in the case of wework, uber, you