jay-e is billionaire and doing a deal with the nfl. when you throw this onch stuff in there the concern comes in. >> the conflict of the social priorities and the business priorities. >> correct. >> carron phillips, good to have you back. >> thank you, sir. >>> still ahead, twins! >> this story is amazing! >> that is never easy, let me say that. not that i know. but this is not the most surprising part of this birth announcement. this is a 73-year-old first-time mom and her 80-year-old husband welcoming their first two children home. the grandma is still around to babysit! >> i can't, i can't. >> we will tell you more. do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. thanks to priceline working with top airlines to turn their unsold seats into amazing deals, family reunion attendance is up. we're all related! yeah, i see it. and because priceline offers g

overall -- there is jay powell. let's take a listen. >> my colleagues at the federal reserve and are i dedicated to serving the american people. we do this by steadfastly pursuing the goals congress has given us, maximum employment and stable prices. we are committed to making the best decisions we can based on facts and objective analysis. today we decided to lower interest rates. as i will explain shortly we took this step to help keep the u.s. economy strong in the face of some notable developments and to provide insurance against ongoing risks. the u.s. economy has continued to perform well. we are into the 11th year of this economic expansion and the baseline outlook remains favorable. the economy grew at 2 1/2% pace in the first half of the year. household spending supported by a strong job market rising incomes, and solid consumer confidence has been the key driver of growth. in contrast, business investment and exports have weakened amid falling manufacturing output. the main reasons appear to be slower grow

jay, jay, jay, jay, jay, jay. now i would like to invite jay to say a few words. >> yeah, that was when he was announcing him. so it's jay on the good days and jerome on the bad. i don't think that was a very good one. also let me state the obvious, there's nothing wrong with the name jerome. no matter how the president says it or tweets it, it's a fine, distinguished name. there's jerome robins who directed gypsy and west side story. jerome david salinger, better known as jd saller, author of "catcher in the rye" if the president is watching. even jerome seinfeld. you might have heard of him. this isn't the first time that the president has chose to use one of his favorite words. when speaker pelosi canceled the state of the union, he cooked it up real good. >> we're supposed to be doing it and now nancy pelosi, or nancy, as i call her. >> oh, snap. burn. nancy, as i call her. haters going to hate, but beware, this president is a counterpunch,er he'll repeat your given name right back at you, and then he'll tear

jay, jay, jay, jay, jay, jay. now i would like to invite jay to say a few words. >> that was when he was jounsing him, so it's jay on the good days, jerome on the bad. i don't think that was a very good one. also let me state the obvious, there's nothing wrong with the name jerome. no matter how the president says it or tweets it, it's a fine, distinguished name. there's jerome robins, jerome david sallenger, even jerome seinfeld. you might have heard of him. this isn't the first time that the president has chose to use one of his favorite words. when speaker employepelosi cance state of the union, he cooked it up real good. >> we're supposed to be doing it and now nancy pelosi, or nancy, as i call her. >> oh, snap. burn. nancy, as i call her. haters going to hate, but beware, this president is a counter puncher and then he'll tear up your birth certificate. jerome is not showing his bothered by it which is what human adults should do. and as for president trump, well, it is almost the weekend and while many ameri

michael: it is a little bit more complicated, but jay powell and the rest of the fed -- jay powell is just one vote -- they have to look at the policy, and dudley's argument was the policy is bad because the policy is hurting the economy and the fed has to react to that. maybe if they push back, the president might change policy. they will look at larry kudlow and safety he is just defending the president. that is his job, that is just politics. both sides have politicized the issue, not jay powell, but dudley in his commentary. it is left outside the fed's decision room. when they get together, they will not be talking about that. they will be talking about what the data are telling them to do. you look at today's jobs report and it is telling them to cut 25 basis points if you want insurance because there is a slow down, but do not go too far because we are seeing wages rise. have seen larry kudlow argue 590 thousand new jobs were created in the household there, a little bit of a cherry pick, and wages were up .4%, so under those circumstances the fed should be raising rates. this i

get ready, fed chair jay powell set to talk again. >>> jay powell getting ready to speak this hour about the economy and fed policy his last speech before the next fed meetinging what happens if investors don't like what they hear? >>> the big week for the bulls technique up 2%. transports up more than that the semis, soaring the stocks to snap up right now. >>> time to take on. why investors are checking into delta and american airlines. it's our "call of the day. >>> the investment committee is ready to go, "the halftime report" starts right now >>> and it certainly is good to have you with us on this friday. our investment comphoot is steven rice, jon neg jarron, jim lebenthal and megan. >> thank you >> we begin with the markets, all 11 sectors, 100% there in the green for the week four of them including technology up about 2% transports and some of the chip names, guys, soaring and doing very, very well. joe terranova, we talked about it yesterday are you surprised by how strong the market has been this week? where did this market scum after an august to forget? >> i wouldn't charact

>> jay leno wanted to essentially just continue doing a johnny carson-type show. and david letterman was the show immediately following carson. and they had different styles. >> what is your name? >> i'm going to ask you to turn the cameras off, please. >> okay, we just wanted to drop off this basket of fruit -- of. >> part of dave's thing used to always be attacking authority. he liked that. >> cut the cameras, please. >> he needed a corporate bad guy to go up against. i was oftentimes that target. >> i can hear this warren littlefield guy whining all year long about not getting his name on the card last year. >> he's on it. >> look, what about me? i could be on there, couldn't i? >> it was always letterman's dream to be the host of "the tonight show." he idolized johnny carson, rightfully so. >> the big decision that's had the entertainment industry buzzing is due this week. that of course is the fate of nbc's "late night" stars jay leno and david letterman. >> most of us thought the person who deserved to get it was david letterman. he didn't get it. jay leno g

we are so strong despite jay powell. jay powell is not helping us. other countries have low interest rates. it is very simple. he lifted the rates to quickly and he lowered them to slowly. it is a shame. not too many. not too many boneheads. i tell you what, we really have a great administration. we have a great cabinet. our cabinet has done a great job. >> [inaudible] >> he is a great gentleman. he is doing a fantastic job. he is only going to do what is right. he is only going to do what is right. just so you understand, the conversation i had the president of ukraine was absolutely perfect. people better find out who these people are who are trying to subvert our country. these are bad people. the conversation i had with the president of ukraine was perfect. what you have to do is look at the corruption on the democrat side. take a look at how the whole witchhunt started. now they want to try to find another witchhunt. this one is reverting now to joe biden. he has done some very bad things. i'm am not even looking to hurt him. he needs all the he

jay wong, joins us from a summit in singapore. we will discuss strategy in the region and the outlook for 5g. the market open is next. this is bloomberg. ♪ paul: good morning. i'm paul allen in sydney. asia's major markets are about to open for trade. shery: good evening in new york, i'm shery ahn. sophie: i'm sophie kamaruddin and hong kong. welcome to "daybreak: asia." paul: our top story is this thursday, the fed cuts as expected and says more can be done if needed. jay powell warns he may resume bond buying sooner than expected. investors now wait two more decisions, banks of japan and england are expected to avoid a recent wave of easing. shery: an update on the 5g rollout across asia. we will speak to nokia live from the milken summit in singapore. let's get straight to the market action with sophie and hong kong. how are markets reacting to the fed rate cut we saw in the u.s.? sophie: we are seeing risk sentiment on the table. when it comes to stocks, tokyo equities gaining ground. the nikkei 225 adding 6/10 of 1%. after

rappers like jermaine dupri, jay-z and ja rule were saying to the world can you believe this? this is about survival and surviving racism in america and we're going to share this with the world. ♪ uh-oh another episode ♪ to everybody that's living it up we say ♪ >> hip-hop is sort of no longer the bratty kid on the block. it's the predominant music. and then what really takes it over the top is a young rapper from detroit. ♪ you act like you never seen a white person before ♪ >> in 2000 eminem puts out the marshall mathers lp, marshall mathers being his real name. and suddenly eminem is the biggest star in hip-hop bar none. ♪ all you other slim shadies are just imitating ♪ >> eminem came from a white working-class background and those are the stories he told. it just put him on a different level because he brought his own authenticity to the game. >> dj. >> i saw "8 mile" in times square opening night and had to sit in front of the theater. it was one of the most satisfying movie experiences i've ever had. i mean, listen, on "lose yourself" when that thing comes

we are going to get jay powell speaking in zurich. i think this is last time we will hear from him ahead of the fed rate decision. plenty of people tuning into that and we will carry that live on dab digital radio in the london area. this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn. guy: from london, i am guy johnson. this is "the european close" on bloomberg markets. let's check in with the first word news with kailey leinz. kailey: job growth came up short in august and that may clear the way for another rate cut. payrolls climbed up below forecast 130,000, boosted by 25,000 temporary workers hired to prepare the 2020 census. china's central bank is injecting stimulus into economies facing new headwinds. it is cutting the amount of cash banks can hold is reserves. the pboc is lowering the required ratio by .5%. the cuts will release 126 billion dollars of liquidity. hurricane dorian has made landfall in north carolina's outer banks. dorian has been downgraded to a category 1 storm with winds up to 90 miles an hou

jay powell said that in so many words today. it will really depend on how the global economy unfolds and particularly how the u.s. economy unfolds. paul: thank you for joining us. in the next hour, we will discuss the latest fed moves with the former atlanta fed president. still ahead, facebook announces it will resume transcribing user audio clips on his video device, portal. -- shery: saudi arabia claims it has evidence that iran was behind the oil strike. president trump wants tougher sanctions in response. this is bloomberg. ♪ paul: you're watching "daybreak australia." let's quickly check in on wti. it started trading amid rising tensions in the gulf. .2%,ntly at 5823, up about but overall, the trend is for crude to be coming down as saudi arabia makes more assurances on the supply. of course, the fallout on the attack on that aramco plant does continue to unfold. saudi arabia accuses iran of sponsoring last weekend's strike and president trump says the u.s. will be adding very significant sanctions on tehran in the next

the big one is jay powell on friday. amanda: it feels like we have come a long way from the days where greenspan used to joke about how he was not allowed to say. to be very quiet, not signaling. this is a very noisy fed. is that helpful to the market? mike: it does not seem to be helping. many people are saying that they wish they would speak left. -- speak less. what we have seen is the fed is divided into two groups, those who are waiting to see what happens, because they don't think -- that the economy has turned down yet, at least in the data. and those that think we should act preemptively. that is the tug-of-war going on now. those that think it will and should act preemptively are looking at the trade war, saying it would only make things worse. that was the group that prevailed july 31. right now, the markets think they will prevail again september 18. amanda: michael mckee, always great to have your thoughts. we will be talking about this ahead of jay powell's comments on friday. argentina is facing a debt dile

first up is our very own andrew ross sorkin in a sit-down interview with sec chairman jay clayton. they will be taking stage ina moment talking about regulation, big tech and everything in between. we will bring you that live in stk ou 3send icarnd about investment decisions? rigorous fundamental research. with portfolio managers focused on the long term. who look beyond the spreadsheets to understand companies, from breakroom to boardroom. who know the only way to get a 360 view is to go around the world to get it. can i rely on deep research to help make quality investment decisions? with capital group, i can. talk to your advisor or consultant for investment risks and information. >>> welcome back to "squawk box," everybody. we are looking at the delivering alpha conference we are live in new york city at the pierre, and we're just getting ready to see the stage being taken by tyler mathisen. he's introducing everyone, including our first interview, which is andrew sitting down with sec chairman jay clayton. again, this is an all-day conference this is the ninth annual deliverin

powell is listen, jay powell, not jay leno there is a cost and smith is not wrong when he points out, for example, germany's weak could be china's weak is it truly internationally triumphant company that i'm proud of that said fedex reported a shortfall slashing guidance and the analysts believe there was more to do with execution than smith is willing to admit. there was rebellion, the type of criticism you only hear when the analysts feel like they've been completely hosed by management and that's why it was pummeled my view, i want to be more forgiving. it is in an impossible position. their competition, amazon, the post office, constantly innovating fedex is trying to fight all four on every front costing them a fortune and dropped the last bit of its amazon business which is surprisingly profitable but a big cost down the road given what amazon's asking for while this is only a small piece of the pie for fedex, in the near term smith says it means his earnings will take a meaningful hit that was not so great. when you combine the amazon surprise, the amount of money fedex is she

president is right, jay. the left in this country, and the media, have declared war on this president. but more importantly, it really is also against the smelly walmart people like me and irredeemable deplorables, and people that cling to god, guns, bible, and religion. because they don't like we elected, and they want to undo an election in all of this. >> well, look, here's what happened. the russia hoax ends up being nothing, when bob mueller did that attempted testimony, whatever that was. that got him zero. the report was nothing. the testimony was nothing. and then they come up with ukraine. i want to read something in this so-called whistle-blower -- i call spy. i don't know the person obviously, by the way, but when you read what the individual wrote, it sounds like spying. the one thing that is written, i was not a direct witness to most of the events described -- so this is hearsay, in our view. by the way. the witness actually said that in a court of law come in the middle district of georgia, say

jay told me you're staying and ijust wanted to see if you're ok, if you needed anything, because i'm flying off to la in five minutes." so the advice in this situation for a blind person is that if you are offered help you to probably take it when it is offered, because you don't know when it will be offered again. i didn't do that. i was so shocked and awkward to hear someone so close by when i thought i was casually on the toilet, that all i could do wasjust squeak back, like, "no, i'm fine, thank you. i'm good." to make matters worse when i stood up and pulled my trousers up, i was feeling around for a sink and i found another door to the bathroom, a door which had been open the entire time, and a door which jay's mum had been standing in while she was talking to me. so not only was this not an ensuite toilet, my new mate's mum had just been talking to me with my pants down on the toilet. i don't even think she had business in la, i think she was just flying there to escape the unbearable awkwardness of the situation. still love that. so, anyway, dignity at an all—time high, obv

this is a bombshell, jay. i want you to explain that. >> well, it is because it takes the spying that took placebefore campaign wasas going on, before the president was elected and brings it into the white house once the president is sworn into office. so james comey dispatches two fbi employees to be detailed over to the white house. and what is this part of? the counterintelligence investigation that jim comey kept denying to the president was going on. it was in an investigation of the president. that is what comey said on three separate occasions, but now we know based onn i information cog out, and we will now know more now that a lawsuit is filed. that, in fact, two individuals fbi employees dispatched over to the white house to work in nse national security. and what were they doingec ther? well, the indications are those individuals were reporting directly back to james comey. so what you did was he took his counterintelligence investigation that was taking place during the presidential campaign, broug

jay here is riding a brand-new giant mountain bike. jay makes the downhill stuff look easy in this drone footage. that's what he does. >> but it's the drone footage. it's the thing. it's just as impressive as him. he almost doesn't notice it. >> as impressive as the downhill stuff is is how easy i makes the uphill stuff look. this is an e-bike. you will notice it has this big black motor. that motor is assisting him as he pedals. he can dial in how much assistance he wants. on the uphills, it's starting to open up different areas of mountain biking for these guys. the technology has gotten to a point where the electronics of the bike don't make it so overly heavy that you can't do this downhill stuff like they want to. it's coming in really helpful on the uphill. >> i've been asking this question. i see people with e-bikes, i say isn't this cheating? no, it's so you can get up the top and enjoy the ride down. >> you have to have the skill. >> yes. >>> zane is a super mega star from the group one direction, he's also known for his trend

mum, jay told me you are saying and ijust wanted to see if you are ok, if you needed anything, because i am flying off to la in five minutes." so the advice in this situation for a blind person is that if you are offered help you should probably take it when it is offered, because you don't know when it will be offered again. i didn't do that, i was so shocked and awkward to hear someone close by when i thought i was casually on the toilet, that all i could do was just squeak back "no, i am fine thank you, iam good." to make matters worse when i stood up and pulled my trousers up, i was feeling around for a sink and i found another door to the bathroom, a door which had been open the entire time, and a door which jay's mum had been standing in while she was talking to me. so not only was this not an ensuite toilet, my new mate's mum had just been talking to me with my pants down on the toilet. i don't even think she had business in la, i think she was just flying there to escape the unbearable awkwardness of the situation. still love that. so dignity at an all—time high obviously, i

. >> fed chairman jay powell after delivering his second interest rate cut from the year, saying its insurance townside risks, facing the economy he mentioned, global growth slowdown, like brexit, inflation not meeting target minor sell-off welcome to closing bell. he did not say and left more optionality on the table the market, as sarah said. equities sell off. they bottomed and roughly the middle of jay powell's press conference there but have recovered if we look at the s&p intra-day. there it is. we did see yields rise following the decision only the short end like the two year and three and five year are higher on the day. the rest of the curb remains lower. slightening flattening but it hasn't, in fact, gone negative. >> one of the biggest surprises is the growing divide inside the federal reserve. as far as the projections, seven to ten seven members of the fed, and not everybody gets a vote here, want another cut ten of them hold steady or we raise interest rates by the end of the year. little confusing as to the path of policy from here and what jay powell is going to be lo

this is a bombshell, jay. i want you to explain that. >> well, it is because it takes the spring that took place before the campaign was going on, before the president was elected and brings it into the white house once the president is sworn into office. so james comey dispatches to cope fbi employees to be detailed over to the white house. and what is his part? the counterintelligence investigation that jim comey kept denying the president was going on. it was in an investigation of the president. that is what comey said on three separate occasions but now we know based on information coming out, we know more now that a lawsuit is filed. that, in fact, to individuals fbi employees dispatched over to the white house to work in nse, national security. and what were they doing there? well, the indications are those individuals were reporting directly back to james comey. so what you did was he took counterintelligence investigation that was taking place during the presidential campaign, brought it into the whit

mum, jay told me you are saying and ijust wanted to see if you are ok, if you needed anything, because i am flying off to la in five minutes." so the advice in this situation for a blind person is that if you are offered help you to probably take it when it is offered, because you don't know when it will be offered again. i didn't do that, i was so shocked and awkward to hear someone close by when i thought i was casually on the toilet, that all i could do was just squeak back "no, i am fine thank you, lam good." to make matters worse when i stood up and pulled my trousers up, i was feeling around for a sink and i found another door to the bathroom, a door which had been open the entire time, and a door which jay's mum had been standing in while she was talking to me. so not only was this not an ensuite toilet, my new mate's mum had just been talking to me with my pants down on the toilet. i don't even think she had business in la, i think she was just flying there to escape the unbearable awkwardness of the situation. still love that. so dignity at an all—time high obviously, i thou

after a couple of bars, one of them, the bosses son, jay, invite a couple of us back to his house in kensington for some after drinks. about nine hours later i wa ke drinks. about nine hours later i wake up in this random place with no idea where i am and no sign of my collea g u es idea where i am and no sign of my colleagues anywhere. this house was huge, it was a mansion. fourfloors and tons of rooms. really hard to navigate. believe me, when you are visually impaired trying to get out of disabled toilet without feeling up of disabled toilet without feeling up the changing table is hard enough, so this was a massive struggle. i am enough, so this was a massive struggle. iam in enough, so this was a massive struggle. i am in a enough, so this was a massive struggle. iam in a rush enough, so this was a massive struggle. i am in a rush because i'm trying to get home for my nephew's first birthday party, so i get out of bed and i come to the first door which happens to be an ensuite toilet. i'm there for five or ten minutes, and then i hear suddenly there's a voice coming from close b

he said jay powell at the federal reserv refail again, no, no sense, no vision. lauren: there were three descents. two fed members did not want a rate cut while a third wanted a bigger rate cut of 50 basis points. president trump discussed his opinion of jay powell during an interview with ed henry at the southern border. >> i don't think he knows how to play the game very well. they've raised too fast. and i've been saying this openly. and they've lowered too slow. and he took 25. some people were hoping for 50. he did 25. the fact is, when germany gets paid to loan money, i mean, they're borrowing money so they're borrowing -- think of it, they borrow money and when it comes time to pay back, people pay them and we can't participate in that and it's because of the fed. so i'm not thrilled with the fed but despite that we have an incredible economy and we don't have inflation. >> is chairman powell's job safe? >> it's safe. sure, why not. >> you paused. >> i don't pause. evidences got a job. i'm disappointed in him. lauren: you can watch the full interview on fo

jay jenkins did it. most of the utah victims did it. and it turns out vaping is likely what made their tainted cbd so much more dangerous. >> when we're talking about positive fix for something like cbd and you're inhailing it by vaping it, that's probably going to be an effective delivery system. >> i traveled to virginia commonwealth university in richmond to meet research jeremy shell pease. she's researching vaping in the cbd phase. >> if that happened to be tainted you're also increasing the very rapid response of whatever it's adulterated with. >> studies show that in ten minutes alone almost half the cbd is absorbed, so that means you'll feel the effects so much faster than anything else, but if it's a tainted product, that's when it gets dangerous, even deadly. >> people are getting hurt. there's been a rash of poisonings from adulterated products. we have seen outbreaks in atlanta. we've seen them in the mid-atlantic and so while they're isolated, it's a rash. it's symptomatic of something. >> something that pease began looking

. >> melissa, thanks jay powell speaking moments ago in switzerland this will be the last time we hear from him or any other fed official before the next decision the markets almost guaranteeing a quarter point cut. did powell give any hints? what do you think, steve >> we're going to let you and viewers be the judge he was in switzerland, asked directly, asked directly by a member of the audience whether he would be cutting rates in the months ahead you tell me what this tells us >> we're watching all of these developments the geo political risks, breck it, incoming data. and really looking at financial conditions and we'll be assessing those in future meetings and we've said that we're going to act as appropriate to sustain the expansion. >> so that act as appropriate has kind of been the code word for we're going to cut rates given the market thinks we are powell's comments came after the jobs report which he said showed a healthy jobs market and scored an upbeat view of the economy from the chairman. let's take a look. i've divided it up rising wages a really strong house for se se

similar to the one jay took. so crouch went to a local smoke shop to obtain an unopened bottle to the place. >> the gentleman showed me that product and asked me what my tolerance for getting high was. it was clear to me that the overall intent was not necessarily therapeutic. >> is this product in the bottle something from an acredited laboratory or something made in somebody's garage? >> agent christopher with the state burro of investigation was assigned to the case as part of a newly created task force. >> in the early phases, we were seeking to collect the samples, get them to the lab and determine what the substance actually was. when we had these tested by the state crime lab, there was absolutely no cbd in the actual bottles. it was entirely a compound. >> that's a synthetic that's associated with fatalities in europe. >> eventually the centers for disease control and prevention got involved. roberta is an epidemiologist there. >> we were fortunate in this cluster that we didn't detect any fatalities. >>

jay touched on it. and that is the president of the united states of america now is transcripts with the prime minister of australia, the president of mexico. now we have the president of the ukraine. we have operatives with the most powerful tools of intelligence that we entrust to them, greg jarrett. they're abusing them and they're turning on the president of the united states. it's unprecedented. >> it is. we're going to lose the country. president trump ought to kick out all fbi and cia people out of the white house. because they're spying on the president. they're gathering together information they probably shouldn't have and they're leaking it. but i want to make this point, if you examine the transcript of the conversations between zalinsky and president trump, there's no quid pro quo, no demand, no pressure, no threat. what the president is doing is asking his counterpart in the ukraine, please have your country assist and cooperate in our official department of justice investigation. >> sean:

as you just mentioned, jay powell was able to balance it during the press conference. he said if the economy weakens more than we are prepared to agree -- be aggressive. at one point you look at it of 17 are seven out saying no more cuts this year. however, jay powell is saying at the same time as we said in the past they will act appropriate to sustain the expansion if we can further they will step in. >> i am interested in the corporate news we have coming out. a $40oft announced billion share buyback. some companies are able to repatriate the cash to their investor base. from $.51their shares to $.46. percent up on tencent after hours. i am interested from your perspective big international companies such as microsoft, how winds arehe -- of the coming from the u.s. dollar? it is spiking high today. do you expect the dollar to remain in favor as the rest of the world starts to slow down? >> i have said all year it's hard for me to come up with an argument that the dollar will weaken. it continues to be strong. if you look at the interest-rate differentials is when th

should they just watch for jay powell's speeches to decide what's going to happen going forward? what's the fed's reaction function now? >> right. so what we are looking for through all of the data, all of the events that are going on around the world, we will be looking at the evolving geopolitical events, we will be looking at global growth, we'll be looking at trade policy uncertainty, most importantly we will be looking at the performance of the u.s. economy. we will be looking for things that are affecting the outlook for the u.s. economy, particularly the outlook as it relates to maximum employment and stable prices. all of those things in principle can affect the achievement of our goals. it's an unusual situation, because you know, the u.s. economy itself, the largest part of it, the consumer part of it, is in strong shape. the manufacturing part, less so. but overall, you have seen an economy that i think generally forecasts show growth similar to our own forecast coming at about 2% which is a good solid year. so the difference here is we have significant, really, risks

no inflation it is only the naÏve of jay foul.

jay powell is going to go at his own pace. he might cut rates a little bit more, but he's not going to get pushed into doing it by either the market or the fed. i think the market liked that certainty it got. maria: also maybe it was the philadelphia federal reserve that came out, the index came out, it dropped to 12 but it was higher than expected. markets turned around. dagen, thank you so much. good to see you. let's get right to david asman. "varney & company" begins now. david: thank you very much. stuart is off today. i'm david asman. good to have you here. here's the big story. president trump once again saying he is disappointed in jerome powell after the fed cut interest rates by just a quarter of a point. you will hear the sound. stocks reacting modestly to the rate cut. we are going to be up when the market opens in 30 minutes and i'm saying a lot of that has to do with some positive news about china talks. but there is one stock that's going to be down severely this morning and it's a big stock. u.s. steel. it gave

francine: jay hambro, gfg alliance. we will get him back to talk about how the business has grown in the last five years. the biggest names in business and government will gather next week for the bloomberg lowball conference. -- global conference. tom: it will be an interesting lineup. interesting to see what jamie dimon says about this upward repo. ♪ here, it all starts with a simple... hello! -hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your xfinity store today. ♪ alix: make way for stimulus. india cuts corporate taxes. who will be the next two take the stimulus plunge? the aftershocks of central bank policy. a danish bank finally passes on negative rates to most consumers. the boj stevens the curve, the fed has to intervene in the repo marke

but jay powell, want to keep the fed as much out of it as possible. they will take into account but will not criticize anything. vonnie: the underlying signal here is that the central bank in china could save economic hitth, if tariffs were to china, more so than the federal reserve in the u.s. is that correct? >> i do think they have an impact. the fed ammunition is limited, although the fed can also bring in unconventional measures. the question is how effective that could be. i agree, we need to see a fiscal response at some point. measures the fed could invoke could be limited in nature. obviously, monetary policy has played a role in china's easing, but china has already eased dramatically on the fiscal front, and to some extent on the credit front. that is a more recent development. if you look at china policy holistically, they are in a better place than a year ago. theave some stability in data, including the latest round of pmi in august. i would argue the policy in china is already playing his role in stabilizing, putting a floor under activ

finally, chairman jay clayton,

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that's what jay powell's doing. it's right for him to do that, too. >> kevin hassett, appreciate the insig insight. >> great to be here. >>> the saudis laying out what they say is undeniable evidence iran is behind the attack on their oil fields yet not directly pointing the finger and now president trump is weighing in on possible military action. >>> also ahead, cnn obtained a copy of the document route liou hue to go forward with gun legislation. >>> and two men found dead in recent years. we look this. ? flonase sensimist. nothing stronger. nothing gentler. nothing lasts longer. flonase sensimist. 24 hour non-drowsy allergy relief jill jill has entresto, and a na heart failure pill that helped keep people alive and out of the hospital. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren or if you've had angioedema with an ace or arb. the most serious side effects are angioedema, low blood pressure, kidney problems, or high blood po

i'm jay wallace and i'm here with annie jameson. we're happy to go through the slights, buslides, but we wantey thank you to the supporters throughout the city. it's been a great opportunity to present a really positive outcome for the city and we hope that it meets all of your expectation and ours. i'm thrilled to be here with annie. she started -- >> in 1998. so tell us a little bit and then we'll get into that. >> i started in 1998 and i was involved with the mayor of san francisco came to meet the mayor of seattle and calm to see the show. they had a conversation about hey, if it closes in seattle, it should come down to san francisco. that is what happened and started a great partnership between the two city. i'm pleased we're able to continue that tradition and move forward. thank you. >> in termsch the desigs of thee project, they're still not able to be with us today. but you have heard from him in the past. the project hasn't changed one bit since you heard from us four years ago. a site plan, we find the interior of the bu

if jay powell can't find a way to thread the needle, and presidential pressure simultaneously, this market could have a very rough go of it, next week. let's go to noor in georgia. >> yes, thank you, mr. cramer, thanks for taking my call. >> of course >> this one is on drrk. pepper,s it in line where you think it should be. >> i like the stock. i like the stock very much i think that gam gordon is doing a terrific job i would buy any week, one of my favorites, and not just because i like diet dr. pepper as everyone knows on a late friday afternoon. the market is going to roll, but you got to guard against complacency. things may not go the bulls way on wednesday wondering which companies are controlled by the trade talks with china i'm going to play hostage, nonhostage, and didn't leave investors on the first day of

gray, back to you now. >> thank you, jay. >>> this morning, bay area emergency responders are now on the ground in dorian's next strike zone, waiting for the impact. 45 members made up of firefighters from 15 east bay agencies flew from menlo park to charlotte last night, ahead of the storm. their mission, to search large disaster areas and conduct water rescues. >> they will be going out with inflatable boats, flotation devices, search equipment, search dogs. >> our local crews could be there quite a while, depending on how hard the storm hits the carolinas. and new video showing the fire burning in el dorado county this morning. firefighters are making progress south of tahoe. so far, it's burned 85 acres and is about 25% contained. it started yesterday afternoon. at least three structures have been destroyed. two firefighters have suffered minor injuries while battling the flames. >>> new at 11:00, investigators log at a south bay pet store. afficials tell uere hurt.w you no firefighters or people injured as well. >>> today, the city of san mateo will break ground on a sewage proj

jay powell ups the ante. trump slams the central bank yet again. could there be a trade truce ahead. meeting face-to-face as another round of tariff looms large. call it a 10 top safety regulators are saying about the tesla model 3 they are november ever said before. it is thursday, september 19 you are watching "worldwide exchange" here on cnbc ♪ i believe that song is called 10:00 a.m. automatic by the black keys it is not 10:00 a.m. it is 5:27 you get the point. good morning happy thursday i'm brian sullivan let's get going. we are just about half way through the 5:00 a.m. hour the s&p is up. the dow is having a great streak up about 3% on the dow september is historically the worst month for stocks not this time said september japanese market rising about .4 of 1%. a lot of green on the screen in europe all the major indices up higher. not a lot. to the federal reserve now cutting rates again amid some growing division amid ranks and growing pressure from the president. steve will join us now after this move. a diving in that this is a fed di

jay powell is saying he doesn't see a recession in sight. what position does that put the fed in as far as a rate cut? president trump agrees the economy is great. that's what he wants jay powell to say. but at the same time he wants the rate cut. how do you have the two? >> well, you do have a rate cut as an insurance against a recession. they're taking out some insurance that we don't get a recession. what they're concerned about is the uncertainty tax that we have on the economy because of the trade wars and they're saying that shaves quite a bit off of growth but not enough to get a recession yet along with a rate cut. we're going to see another rate cut in september. but i think it's important to remember that not everybody on the fed agrees with jay powell on having another rate cut and something that chairman powell made a point about earlier in his response was how little room the fed has to stimulate should we hit a recession. and i think that's very important. that's something very much on central bankers minds these day. do we hol

that's jay chaudhry from zscaler. very interesting company got to be sure that the competition is dying down. stay with cramer >> announcer: listen to cnbc live on your alexa device, google assistant, sirius xm 112. tune in and the cnbc mobile app. wherever you go, cnbc. the lexus rx has met its match. if they're talking about you... you must be doing something right. experience the style, craftsmanship, and technology that have made the rx the leading luxury suv of all time. lease the 2019 rx 350 for $399 a month for 36 months. experience amazing at your lexus dealer. great riches will find you when liberty mutual customizes your car insurance, so you only pay for what you need. wow. thanks, zoltar. how can i ever repay you? maybe you could free zoltar? thanks, lady. taxi! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >> announcer: "the lightning round" is sponsored by td ameritrade >>> it is time it's time for "the lightning round. >> buy, buy, buy. >> sell, sell, sell. [ buzzer ] >> and th

what message does jay powell need to send? what do markets want to hear? >> i think really that's the big question. i think we can all agree that whatever the fed does today, the president is not going to be happy. i think the key take-away for me is that fed powell needs to tread a fine line between keeping the markets happy and keeping his options open with respect to future cuts later down the line. what i'll be looking for is the number of defense, will they maintain the july defense and more importantly will james bullard follow through with comments earlier this month about 50 basis point rate cut. i think not only will the statement be key but the press conference will be key as well, for signs of descent on the committee. lauren: we want to talk about brexit like we usually do. >> i thought you might. lauren: makes you want t reach for a glass of something. it's -- >> causing me to drink. lauren: we're hearing great britain is stockpiling booze, alcohol, for christmas in case we get a no deal brexit? >> yeah, i think that was a piece in the guardia

he struck out 14 blue jays on his way to becoming the sixth pitcher in major league history to throw at least three no-hitters he pitched his last in toronto as well. he's now the first player to throw two no-hitters as a visitor at the same ballpark. >> bonnie schneider is back with us with more on dorian. >> we are dealing with this incredible storm, because not only is it a category five but it's barely moving so the poor bahamas already had three landfalls and with the movement to the west, they're going to deal with more torrential rain. i want to point out that dorian is number four in terms of getting four years in a row of category five storms, which has never happened before. so dorian is breaking a lot of different records, including the second strongest storm when you're judging by wind speeds in the atlantic basin only tied with a storm that was back in 1935 so dorian, we're not done with it yet and it is going to work its way close to the u.s. coast line that beautiful. highs will be in the 60s with lots of sunshine and pleasant conditions >>> dorian a record breaker on

the president talks about it in speeches jay powell is his guy. there was a fed chair who was still in the middle of her term and the president replaced her with him, and he's still mad about it >> reporter: and not only mad, but as the president often does, has a berating tone in the way that he speaks about powell, and that one might even argue might influence some of the decisions we've seen made because there have been these rate cuts and some question whether there is any influence from the white house to the central bank which are supposed to be in straight camps. the president often does not respond to any of the norms for keeping those things in separate lanes. the president uses the bully pulpit to both bully and to have the megaphone of the pulpit for times like this. he's using his power, yes, definitely >> kelly o'donnell at the white house for us as kelly said, the white house has pressured federal reserves to help boost the economy. the fed did so just over an hour ago. jay powell said the central bank does not take politics into acc