now earlier i asked our what wall street correspondent yes quarter if wall street had reacted to this disruption. well i mean the reaction on wall street was muted i did talk to some traders i did talk to some police officers about overall they did not really pay that much attention but if you look at it overall the fossil fuel industry in the u.s. the franker is for example certainly they do depend on money from wall street but what we've seen here on a monday is nothing in comparison what we saw in 2011 when the occupy wall street occupy wall street movement started as a reaction after the huge financial crisis so this protest back then dragged on for months we had thousands of people flooding wall street during that time so this extinction. of protest here is nothing in comparison what we've seen big ben was occupy wall street the as well as you got another action is taking place on the street and that is the g.m. strikes going on right now in the states it's in its 4th week is the deal any closer in this case. well what we've heard over the weekend is that the talks actually have

on a monday is nothing in comparison what we saw in 2011 when the occupy wall street occupy wall street movement started as a reaction after the huge financial crisis so this protest back then dragged on for months we had thousands of people flooding wall street during that time so this extension. of protest here is nothing in comparison what we've seen back then was occupy wall street the years when i ask you about another action is taking place on the street and that is the g.m. strikes going on right now in the states it's in its 4th week is the deal any closer in this case. well what we've heard over the weekend is that the talks actually have turned to the worse so no immediate deal seems to be imminent we hear from wall street analysts that g.m. is facing costs per day between 50 to $100000000.00 because of the strike j.p. morgan is estimating that so far the damage for g.m. has been about $1000000000.00 and the stock of general motors is down by a good 10 percent in the course of those 3 weeks plus all right a big story there facing one of the world's biggest automakers younes qu

who is then an intermediary between finance and main street between wall street and main street and stead of being a channel a conduit to function as part of the plumbing of the finance market they take it upon themselves to weaponize their role as intermediaries and to as warren buffet called it use weapons of mass financial destruction so there instead of just trying to be a conduit from the central bank to main street they are saying that we are going to abuse our role as intermediary to coerce you to. reward us with huge rewards of cash that we'll then pocket and not circulate in the economy and this is a problem that's gotten worse and worse we saw it in the 2008 crisis where hank paulson went to washington and got the tarp money and we didn't get it the 1st day he instructed his minions on wall street to crash the stock market the next day they did it again abusing their role as market makers to weaponize that role. all and then the next day congress gave them the 750000000000 which became now 16 or 17 trillion. and so the ability of bankers who have weaponized intermediary ma

not very favorable to wall street articles. from there, she introduced me to the op-ed people and i started writing more political pieces. susan: who -- how did the book idea come together? chris: that was entirely accidental. meaning -- i did hunts point for three years and eventually i had to leave for emotional reasons, i was into deep. it wasn't fair to my family. it was getting me to be -- i was drinking too much and it was not a good place. it was so much pain. i exercised the option i had, and i left. i decided to be a geek about it and mathematical about it and i put on my science hat. i had learned all of these things at hunts point and i wanted to know if they translated. what i was seeing at hunts point, the vast injustices, but beneath it all still human dignity that shown through, was that unique to hunts point or elsewhere? once i clear my head and got sober, i went to other places. susan: before we leave hunts point, tell me about one other person who impacted you. chris: that would be millie. again, a homeless a

susan: at one point you quit wall street?onthsafter about nine of hanging out in hunts point and doing that, it was absurd. was weird being a wall street trader during the day and on the weekends, being under bridges with heroin addicts. susan: when i was reading your it,, there are two parts to one at hunts point, and one around the country, but i kept aching about your own family. clearly you were changing so much and you were leaving at odd hours. how did your family members react to the journey you are on? chris: i have a supportive family, i am very fortunate of. the way i explain it is this was more me than being a wall street banker was, and they knew that and appreciated that. if you knew me growing up or knew me in college, i was not a wall street banker. this was more who i was. it is kind of like, you are back to being you again. quit, i wasce i physically around my family more. gone two months at a time on the road, but i'm also back for two months and always there. it has been tough on my family in that is part o

wall street wants certainty more than anything.e'll not get full certainty tomorrow, i understand that, but i think it has to be more than the same level of progress we've already had. he was talking about the meeting back in may. the 150 page document, here is the thing no one seems to remember. 90% of it was agreed. 10% had never agreed. it was intellectual property enforcement. that is still the issue. we want to take away tariffs -- >> you're not suggesting though that has to be resolved before the market goes higher? >> no, i'm not. >> that is the very last piece. >> i think market will move meaningfully higher when it sees there is really a path to certainty. can't be the same level of optimism so, minor little bump up, hey, we're holding back. we'll reconvene in three months, i don't think the market moves a lot on that level. that it needs more than. >> i couldn't agree more with you to the extent they talk about progress on things that will take month, if not years to resolve f there is concrete commitment to delay or free

for the subject i'm now joined by financial correspondent on wall street. it's good to see you so we saw stock prices of most of the pharmaceutical companies involved tag today what does this mean for the makers. well it means that the uncertainty will remain with us recently there was talk about a countrywide settlement amount of roughly $50000000000.00 so now we have this small deal but as i mentioned and as we heard there are thousands of more cases out standing those 3 companies by the way they've distributed roughly 90 percent of drugs in the united states and we will see what this settlement now means for all of the other cases by the way it's very common in the u.s. that those. actually have never go into trial but settlements are more than usually here in the united states among those lost as we saw in the stock prices shares in tevar which is an israeli maker of opiates did climb what's the reason behind that. yeah there we got 2 words from the company itself that they actually had a broader settlement and was a couple of states and here in the uni

with wall street against him had he built a multitrillion dollar firm. >> wall street was not ready to maria's sitdown were charles schwab when we return. imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks. doprevagen is the number oneild mempharmacist-recommendeding? shipsticks.com saves you time and money. memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the

to wall street.re should have been more planning on wall street? >> not to defend the greedy bankers too much, we're going through unusual times. just between january of 2018 to august of 2019, the fed pulled out $650 billion from the system. this is in response to putting trillions of dollars in from quantitative easing. so, you know, what we're seeing in the market now might suggest that that movement happened too fast and they do need this liquidity to make the system more smooth. charles: i don't disagree with you on that but you can certainly argue who is dr. frankenstein and who is the monster here? >> those are fighting word from kashkari. charles: they are. listen, neel kashkari was part of the architect of the bailout. he has been there. he understands. the fed, for instance, paying banks not to lend money. things like that. it is easy to get used to that if you're a bank. but again, why, why does wall street always come to the front of the line? you know they sell all this junk. the world i

wall street wants to see this. wall street has a history of bullying the federal reserve.len. after a decade with no interest rates hikes, she raised 25 basis points the market fell completely apart. they sent her a message. guess what? she got it loud and clear. there is a lot of messages for powell, including fact he doesn't want to see as federal reserve chairman see a recession on his watch. >> i have to agree with that. a couple months ago when they were cutting rates there is really not a lot of reason for them to. the data was not there to support it. they were cutting rates and maybe it was because of the pressure they're getting but there is some data that could support them to do it. i see that more of a reason they may. charles: courtney, jason, thank you very much. appreciate it. we're watching markets very closely. look at this, we made a 75-point move since the statement. wait until the questions. by the way up next we'll talk about elizabeth warren because she is a rocket ship and that is pushing joe biden even further to the left now. he is releasing a new

i mean, obviously, you know, wall street is a business. itself of wall street isn't necessarily the individual first. obviously wall street has done wonders for the overall investment, you know, array of options for everyone. regarding peloton, i mean, it is clearly not a coincidence that, you know, dozens of banks have all banded together to try to stave off peloton going to zero in a sense. the individual investor just needs to be informed on why those banks do what they do and not just take things superficially. charles: less than a minute. i want to get your thoughts, dr, we pulled back after the brexit vote. but we're near all-time highs. this anxiety, earlier i had a couple say we're not going to break out this year unless we get something on trade. >> i think trade is the thing to look at. i think brexit could be a temporary upset. i think we have a chance to break out the new highs even if nominal new ones. charles: jason, can we break out to new highs? >> as a trader, i try not to get too attached to up or down and look at the mar

when "wall street yeah, that's half the fun of a new house.what people left behind in the attic. well, saving on homeowners insurance with geico's help was pretty fun too. ahhhh, it's a tiny dancer. they left a ton of stuff up here. welp, enjoy your house. nope. no thank you. geico could help you save on homeowners and renters insurance. about being a scientist at 3m. i wanted them to know that innovation is not just about that one 'a-ha' moment. science is a process. it takes time, dedication. it's a journey. we're constantly asking ourselves, 'how can we do things better and better?' what we make has to work. we strive to protect you. at 3m, we're in pursuit of solutions that make people's lives better. my hands are everything to me. but i was diagnosed with dupuytren's contracture. and it got to the point where things i took for granted got tougher to do. thought surgery was my only option. turns out i was wrong. so when a hand specialist told me about nonsurgical treatments, it was a total game changer. like you, my hands have a lot more t

because wall street definitely was not about ready to finance me. >> wall street was against you herefees they were charged huge fees. >> business models, and along the way they had no interest in putting any money behind the company. >> i love the story when you had the big market crash you felt bad for clients, said i want to give it back make you whole, and your boss said you are fired. >> yes, sometimes doing the right thing, is -- is painful at the moment but is always the right thing. >> trend in terms of this 35-year period, since the founding of this company, the it did changed tell me what the biggest evolution change you have seen over that period in terms of financial services is it thank you empowerment of the individual more information what do you take away. >> i think people understand they are living longer got to do really a good job of building their own nest. wealth nest. i think that got me into the fabric of america, so people -- are curiously start 401(k) or i.r.a. all those things government sort made things possible for people, i think, people are now telling k

investors see the good in the bad news we get the word on wall street. and beat the traffic by flying over it goober launches a helicopter service in york city. and all of board a major boost for germany shipbuilding sector as chinese crews market returns to growth. this is the business i'm on in berlin welcome frozen fish handbags and catch up those are just some of the american products the e.u. is prepared to hit with new tariffs if the u.s. goes ahead with the ones it has planned what began as a fight over playmakers subsidies 15 years ago may drag on even longer. u.s. secretary of state mark called pay i was given a surprise welcome gift in rome from a journalist handed him some parmesan cheese produced by italian farmers. she asked them to give president donald trump a slice before being led away by security. italian cheese is just one of the e.u. products that donald trump wants to slap new tariffs on. the list includes french wine spanish all those butter coffee scotch whiskey and many other items. 25 percent duties will drive up the prices of th

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wall street's focus was on fundamentals today.es there was some positiv news on trade and on the uk's efforts to leave e theopean union. but what really put investors in buying mood was earnings, especially solid results from banks and health care companies. and that sent the broader market higher toey. dow jones industrial average was up 237 point we're back above 27,000. nasdaq up 100. the s&p added 2 2 itb pisani at the new york stock exchangea look at the ral. >> >> the dow up more than 300 npoints at the high. earnings spread optimism ona t chade front. all contributed to gains. first earnings jp morgan reported strong earnings. with you mostrn importantly the consumer sideas str with good growth in loans, deposits and credit cards. the c c jamie dimon reiterated that saying the consumerhe remas thy with growth and wages zbiend combined with spending and strong balance sheets and low unployment. united health powered the dow higher after a beat on earnings d guidance. and positive compensates from european union negotiators o

lowest unemployment figures since the moon landing you heard it from the cartel on wall street to hong kong now where its chief executive carry land has a vote and merge and see powers implementing a full ban on face masks prompting even more unrest protesters took to the streets in opposition of the law which was made under the colonial emergency regulations ordinates the measure allows hong kong's leader to create new laws that are in the public interest and months of civil unrest have rocked the city and negatively impact that hong kong economy especially the tourism industry. the violent clashes between protesters and the police are hurting hong kong businesses the number of tourists in the city state plunged 39 percent compared to the same time last year according to official figures you got it was i'm sorry high right now business is down by at least half or even more. income every day it's really obvious that expenses are the same so the impact is big. on. the number of mainland chinese visitors who account for the majority of tourists in hong kong was down 42 percent in august

who is then an intermediary between finance and mainstream between wall street and main street and instead of being a channel a conduit to.

the british parliament how are people on wall street looking at all of this. it was kind of the same over here markets started in positive territory but try to hold on to the advance because investors have multiple reasons to be cautious the british parliament could shoot down as agreement when it needs out of a given that northern irish union is still oppose it and even if a deal is posset doesn't help that much because companies are likely to continue to put off u.k. spending decisions until the terms of trading with europe are clear so yes the deal had an impact on wall street today but investors are so worried and looking at today's trading session major u.s. banks have been publishing their latest earnings figures what can you tell us about them and the state of the u.s. economy. so the corporate earnings season overall is off to a quite solid start nearly 80 percent of the s. and p. $500.00 companies that have reported in the last days have topped the analyst or nick expectations we had some pretty good numbers from johnson and johnson and that place and

wall street would love the idea. >> that is hitting consumer products directly. >> wall street is veryocused. i don't think anyone is expecting a complete, comprehensive package anytime soon but if we see we're making progress and suspension of the september 15 talks, that will work well. if everything is rushed too quickly, people would be skeptical whether it is thought out. charles: toggling channels. one financial network bringing back the recession talk after the manufacturing report. i want to ask you two questions from the audience. i thought it was interesting. first about impact of federal reserve and their cuts. 51% said no impact. 31% said there would be positive impact. they were asked about the increased tariffs and effect on business. 56.5% there was little, little negative impact an. only 26% said there was major impact. these questions suggest they're more concerned with the fed than they are necessarily with tariffs by the same token as manufacturing part of our gdp declined specifically over last 50 years. >> the thing i worry about with headlines and surveys they hav

for more let's cross over to our man on wall street. is richard branson they had a virgin galactic 1 looking for more money to fund you know what people perceive as personal moonshot what was going on here there were no clearly i mean it's a costly and ever and so you need to raise money wherever possible actually it was a good start a promising start at the beginning this dog showed up by a good 5 percent in early trading but by the end of the day all of those gains have vanished the wall street is basically asking how many people are going to be willed to really pay around $250000.00 for a trip more than $600.00 people already made some payment for their 1st flight so off the promising start to wall street was a bit hesitant with virgin galactic and staying with things that could be spectacular l b m 8 should the luxury group out of france says it is exploring a takeover of iconic new york jeweler tiffany tell us more well the stock of tiffany went up by a good 30 percent even if this offer from louis of utah is roughly at around 14 a

investors see the good in the bad news so we get the word on wall street. the u.s. china trade war how the surprise winner mexico we take you to a border city seeing the booming trade. and all aboard a major boost for germany's shipbuilding sector as the chinese cruise market returns to growth. this is b.w. business i'm joined in in berlin welcome frozen fish handbags catch up and video game consoles those are just some of the american products the e.u. is prepared to hit with new tariffs if the u.s. goes ahead with the ones it has planned more indication that the e.u. and the u.s. are prepared to keep circling each other in their drawn out trade dispute over playmakers subsidies the world's longest and most expensive trade spot so far. u.s. secretary of state mark called pay was given a surprise welcome gift in rome a journalist handed him some parmesan cheese produced by italian farmers she asked them to give president donald trump a slice before being led away by our security. italian cheese is just one of the e.u. products that donald trump wants to swap new tar

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. >> from the fox studios in new york city, this is maria bartiromo's "wall street." maria: happy weekend, everybody. welcome to program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. my one-on-one with sales force founder marc benioff, we're talking about technology regulation potential, what he sees as the new need for the new capitalism and the dangers he sees in social media. later on my exclusive interview with the executive chairman of the santander group, ana botin. but first, joining me right tow to the pro -- preview a wild week, david banson is here, and it is great to have you here. >> good to be with you. maria: thank you so much. you are focused on dividend payers, growth stories. how do you want to allocate money on the heels of what we've seen from the third quarter earnings season and ahead of the fed meeting this coming week? >> what's interesting is we think it's an all-weather strategy. but i honestly really believe it's particularly appropriate now. there's a really compelling argument to make for in

comes at you and here's the video clip this is the key thing to understand and to never forget wall street was this close to selling you. we work out a $50000000000.00 they were ready to go they were locked and loaded the road shows planned everything fell apart at the last minute and now there are lines out of them and might step down as c.e.o. they'll be called chairmen and they're going to clean things up but they're going to try to do what we did a year before it went public but the point is not that the point is that we works underwriters wall street banks with wealth management divisions were this close to selling the t. you had a $50000000000.00 valuation and now we don't know if it will even get $10000000000.00 we don't. it's really didn't get an i.p.o. at all remains to be seen they have to i.p.o. will default on a whole bunch of debt so i. think so in the hope that they'll find a way to get it done but this is the part you should never forget they were ready to go right and it was laid on the right or j.p. morgan of course you know because the 2000 and crash because of the 987 cr

wall street, shaking in their boots. you understand d.c. and wall street very well. street be about potential president elizabeth warren? >> we'll have to see. i don't say that to be coy or cute. charles: she promise to the go to war with them, essentially take everything she can from them. >> a lot of these candidates sigh these things. donald trump said throughout the campaign, in earlies of it things he tried to do aggressive as any president at least in my lifetime taking on big pharmaceutical companies. the question, can she reconcile some of this? i don't know. i don't profess to be advisor or close to that team at all but we'll see as time goes on here. and one thing for wall street, big lobby, big money, they know how to find a winner if she is one to be momentum, if you asked me two months ago be the nominee and perhaps beat donald trump i probably said no. today it's a muted we got to see. if the country goes to the polls and votes their wallets and pocketbooks she could find herself in a very strong position if she emerges as nominee. i don't want to get t

wall street and investors in general all want to get rich quick.o there's a lot to unpack here in terms of reforming the process of going public, what it's like to be a public company, gamification of it. but also everyone is looking to make a quick buck and we're now seeing a repeated cycle of taking the most cycle and overvalued and over-hyped companies and trying to see who will be the last investor who will come in at the table and take on all of the losses. >> so you're saying it takes two to tango, the company and wall street dick, we know there is a meeting of venture capitals about 1:00 p.m. local time of start-ups to convince them to go public through direct stock exchange listings instead of ipo as a way of kind of getting back at wall street what's your reaction to that >> i think the reason this is happening is because there was a shortage of shares in the marketplace. in other words, with all of these companies buying back stock with no issues coming to market a couple years ago, you were developing a shortage so the prices of stock co

easily beat wall street estimates.ortingarnings of more than $10 billion in sales of more than $30 billion both double digit increase from us ay year ago. it may have made its name in the won'ts operating system but the future in the cloud. the cloud business called azure owth in the recent quarter was below 6060 a big number with you one that gave investors pause. the stock volume nil initial after hours trading, josh lipton asore on microsoft's quarter. >> expectations ran highan into microsoft's latest earnings with the stock up nearly 35% so far this year as invtors bet that it's a smart way to capitalize on the shift to clou computing. one b b n nber that investors watch, commercial cloud revenue you go incding azure microsoft answer to riviv aws and cloud properties. commercial cloud revenue clocked in at 11.6 billion with gross margin spanning to 66%. kirk ma tern says the growth in the cloud is translating into real earnings power. and that he argues should drive the stock higher over the long-term. for nightly

investors see the good and the bad news you get the word on wall street. feeding the traffic by flying over it for a long shows a helicopter service and new york city. the u.s. china trade for it has a surprise a winner and that's mexico to tell you why. and all aboard a major boost for germany shipping sector as a chinese cruise market returns to growth this is the w. business i'm joined now the milan in berlin welcome frozen fish handbags and catch up those are just some of the american products the e.u. is prepared to hit with new tariffs if the u.s. goes ahead with the ones it has planned what began as a fight over playmakers subsidies 15 years ago may drag on even longer. u.s. secretary of state michael paya was given a surprise welcome gift in rome a journalist handed him some parmesan cheese produced by italian farmers she asked them to give president donald trump a slice before being led away by security. italian cheese is just one of the e.u. products that donald trump wants to slap new tariffs on. the list includes french wine spanish alos butter

[applause] hey, wall street, can you hear us now? [applause] when we talk about workers' rights, it is my belief that every american who wants a job should be able to find a job through a federal job guarantee program. which pays workers good wages, and provides union representation. there is an enormous amount of work to be done in our country, and we need skilled workers to do those jobs. brothers and sisters, this is the united states of america. we can create up to 15 million good-paying jobs rebuilding our crumbling infrastructure. [applause] roads and bridges, airports, water systems, it is not a radical idea to say that in america, when you turn on your tap, your faucet, you have a right to drink clean water. [applause] we can create millions more jobs as we expand childcare, education, health care and services for senior citizens. let me say a word about an issue that i've been working on for decades, and that is my belief, and i know it is your belief, that health care is a human right. [applause] [crowd chanting] >> bernie.

wall street wants what wall street has had for the last 20, 25 years.rankly it was democrat in the white house or republican, all past administrations have been letting china get away with not just violating our intellectual property and violating the rights of american businesses, but they have also been violating great human rights in their own country. we finally have administrations willing to say, you know what? more important than the almighty dollar? all of those things. we can't continue to ignore what china haste been doing. look, china is at a place where they have got to make a decision. they can't, they have been getting away with a lot. you can't blame them. they have been allowed to do it. charles: sure. >> they have somebody saying we want to do business. she will have to do better. i have to believe china eventually, taking them a while, they have been testing this administration out. i think they may eventually will come around. we have to hold firm. charles: to your point, vice premier he made comments. they do not see confrontation. i