Category 3 storm packing winds up to 120 miles an hour triggering mass flooding. Margaret brennan is live in daytona beach. Reporter this storm is off the coast of daytona. Conditions have definitely worsened. One of the biggest focuses is storm surmg. Weve been seeing these waves rip up from the ocean, up over the promenade, and they ear coming into the backyard of this hotel. There is actually a tennis court that was here just a short while ago. It is completely submerged like a pool. Theres garbage can submerged in it as well. Surprisingly, the volleyball net is still sort of hanging in there. But in general, president obama making a statement just a short while ago saying that storm surge is a top concern. Weve got about 4 feet in terms of storm surge coming in here. It feels like and looks like its higher in part because we have the high tide coming in here at 12 45. The biggest concern is jacksonville, florida, about an hour and a half north of here, and up the georgia coast in terms of the biggest impacts from storm surge. But overall weve got about 720,000, just under 720,000 Power Outages now reported in the state of florida. Thats more than 100,000 more than i told you about an hour ago. Some of the power is being restored in southern florida, miamidade, broward county, and palm beach, but here as these conditions worsen i would expect to see those numbers continue to tick up. Isle also just note with the conditions as bad as they are outside, we are standing inside a hotel room. We are on the fourth floor. Even so, just to give you an idea of how strong these winds and this sideways rain is, we have parts of our hotel room here on the fourth floor that are completely flooded out in the carpet. Back to you. Morgan brennan in daytona. Join us on the phone, major jack seiler, former fema administrator david paulson, a Senior Adviser to the build strong coalition. Appreciate you joining us on an important and busy day. Mr. Mayor, weve talked to some farther south who argue that luckily south florida and the keys were spared, but whats it like where you are and what are your expectations for daytona and georgia and the carolinas . First of all, thanks for having me on. My expectations for them are not as optimistic as for us. We were fortunate in our part of the state of florida. The storm stayed east and moved a little north of us. We obviously had some Power Outages, some downed power lines, but we really just felt the brunt of sustained tropical winds and or Tropical Storm winds and a lot of water. This combination of high tide, this upcoming high tide and storm surge, im feeling for the people in north florida. We just sent ten firefighters north to assist upstate. David, based on your experience where we are in this storm, youve seen it unfold, its sort of marching parallel to the east coast up toward the carolinas and georgia, what would be your main message right now . I think the main message has to be to listen to local Emergency Managers. The mayor did a great job in ft. Lauderdale keeping people informed. I see that all the way up the coast. Right now if youre in evacuation zones, particularly jacksonville, daytona, areas in jacksonville if you have not sought safe shelter, now is the time to do that and do it quickly. Once the winds start coming in, you need to hunker down and stay in place. We have more injuries, more fatalities after a storm in the aftermath than we generally do during the storm. And if people just listened to the local Emergency Managers theyre going to be good. I think what we really need to step back and look at, after the storm is gone, after we do the aftermath is where are we spending our money. You know, were spending billions of billions of dollars afterthe storm but with very little up front. Were not doing the predisaster mitigation, you know. Groups like build strong and others need to sit down with whoever the next president is going to be and step back and look at clearly where were putting our dollars and where it will be the most effective. So right now were going to deal with this hurricane and keep people safe and clean up the aftermath, but early next year we need to really stop and take a deep breath and how are we dealing with these things. Mayor seiler, give us your take on how communication went this time around, how well were you able to communicate through traditional means, through technology, maybe social media with the populace and get your message across on how to keep safe . And how is that communication going to go in the aftermath as you start to tell people when its safe to come back and Dangerous Things to watch out for . Great point. Ive been in this business 23 years, been in office since the early 90s. I started after hurricane andrew versus today is night and day. Back then it was basically radio or television and that was it. Now, as you just heard, our Emergency Management teams are so well coordinated and so connected, we were using facebook, twitter, webpage, regular media, television, radio. It was an incredible coordination. It might have been the finest effort ive seen in my 23 years in Public Office in terms of educating and informing the public, getting them to follow direction, getting them the appropriate information so they would make an informed decision, you know, stay off of barrier island, evacuate a vulnerable area. The other thing for us, briefly, is our marine industry is massive in ft. Lauderdale. Were the largest boat show in the world coming up next month. We had to move a lot of boats around, a lot of Marine Assets around. The cooperation and coordination was fantastic. And, again, i think its what you touched on. Its now social media. Early this morning i was on twitter and facebook telling people its okay to come back to the barrier island, the beach is open. That has changed Emergency Management and Emergency Management response. David, thats absolutely true. Social media makes everything more efficient. But it also politicizes things. I mean, its amazing to listen to people say that warnings about evacuations are somehow politically motivated from people who have agendas on climate change. What do you make of that . Well, i disagree with that because i havent seen the politics on this. What i have seen is the local elected officials willing to make the tough call, call for evacuations. What we saw in katrina where the local officials did not make that call, they did not want to call far evacuation until it was too late. We ended up with 15,000 people in the superdome, 1,800 fatalities that should not have happened. What i saw today, ive got to echo the mayor, a great amount of coordination. I saw people making the right calls. You know, theres going to be, you know, second guessing at the end of the day because we didnt have a lot of damage in south flori florida, but the governor, you know, said the right thing. He said this storm can cause severe bodily harm if youre in an evacuation zone and dont go. You need to go to safe shelter somewhere. So people might not like that, but all the way up the state i saw our elected officials, Emergency Managers willing to make those tough calls that they have to do. And taking the politics out of it. Yeah. Its part of the game, being secondguessed when the model is not exactly correct. Jack seiler, david paulson, thank you, gentlemen. Appreciate it very much. Thank you. Enjoy your weekend. You too. Lets check in on the markets right now. We are trading lower. The dow is down about 35 points at this hour. S p 500s down about 0. 3, and the nasdaq down less than a quarter of 1 . Industrials are the biggest losers in the session. Utx, united technologies, taking the most points off the dow. This is all after todays important jobs report, the Labor Department reporting 156,000 jobs were added in september, the Unemployment Rate ticked back up to 5 . That is actually its highest level since april. But there were some signs of improvement in wages and the Labor Force Participation rate. Also, check out shares of camping world on the move. The Company Making its public debut here at the big board today. And shares are higher by a little more than 4 . Were also still watching the price of oil, still above that 50 a barrel mark for wti. Strong week, brent up more than 7 this week, carl. Energy stocks are outperforming and so are financials. When we come back, coverage of Hurricane Matthew continues. Well talk to the mayor of charleston in a few moments. And ali rowghan sixth here to talk about Everything Possible from a twitter sale to the state of the tech ipo pipeline. Thes a lot oflaces you n [ beep ] but youll be glad to s it here. Delity wherarter investors will always be. If oy the signs were as obvious wheyou trade. Fidelitys active trader pro can help you fd smarter try and exit points and can help ptect your potenti profits. Fidelity whersmarter investors will always be [alarm clock beeping] look out hoy. The highly advanced audi a4. Aint got timto make no apologies. Welcome back to squawk alley. Lets get to 1 market where jim cramer has a special guest. Hello again, jim. I have Brian Moynihan who runs bank of america. I have watched your bank evolve from the company that was pretty much like all the banks to one that has understands a mobile strategy and understands who their customers really are. I want to talk about how maybe this is the time where some banks breakaway from other banks because of technological advantages. This is the time. But before i do that, look how beautiful it is out there. I want to give a shoutout to our teammates in florida, going through a tough time. Doing our best to protect them. Think about it. We have been after, you know, online banking, mobile banking for decades now. Atm usage and everything. Its a chance to really have that intimate, alwayson relationship with your client that was not available through bricks and mortar. You had to wait until somebody walked in or called you. Now you can be talking to them all the time in a great context or conversing with them and that allows you to do things weve never been allowed to do. Its also important to be empirical about it. The numbers of growth you have from your mobile, which many of the outside people and consultants i deal with say is superior, are pretty breath taking in terms of how many use it . About 21. 5 million. Interest, in the third quarter, we grew by 1. 1 million, which is one of the highest nominal growth rates in the new mobile users weve had going back a long time. Even though its pretty mature, we have 31 million Checking Accounts, 21. 5 million mobile users, so we still grew by 1. 1 million in the quarter. Is there take from others or those just beginning to bank . We built a Business Model that appeals to millennials and people our age and beyond. And so we have a 101yearold person who signed up for mobile banking and probably got a 14yearold kid today doing it. The neat thing is that device that was drove a truck through the idea that i can use it easily as opposed to its a computer and i have to buy a computer and all that, its been great. So that usage would always score a little younger but its pretty uniform now. Obviously involved with the stock price for a second, im thinking all banks were taught all banks tread together, trade on net interest margin. Theyll all earn x. Can this actually move the needle . Are you able to be able to take share enough that your earnings are going to surprise based on tech . Theres a couple things. In the last six, seven years we doubled the amount of checking deposits we have, which are interest free. And, you know, banks and thats what drives the earnings. How weve been able to do that is great capabilities and mobiles and other things. Weve had the same number of customers and twice as many deposits. If the fed raises rates well make a lot more money, but by using mobile and doing the transactions, weve driven the cost structure down, basically in half. Were out in san francisco. We know wells fargo, a bank we have tremendous respect for on the show and ive interviewed john stumpf many times, also tried to grow customers but perhaps got too aggressive. Youre trying to grow customers and get accounts in a different way. Would you be able to spot some of things wems was doing or is that individual bankers and doesnt matter and these banks are are so big you couldnt even with your handheld and your Technology Spot the things that apparently plagued them . Many years ago, all the things that had gone on in the crisis and all the thought process, we said, we have to drive responsible growth, three basic elements. Got to grow, no excuses, and its got to be sustainable. We built all our methodologies of interface with the clients, deep relationships around four Core Products in the consumer area and we test that. Thats how we run the business. Out of that weve been able to drive mobile usage from basically the last 5 million to 7 million when i became ceo, its now 21 million because instead of trying to sell additional account we drive through the penetration and the directness and core account. Thats what we tell our team to do. Get the basic Checking Account and do it well. The Bank Industry seemed to get in the way from the idea of being on the front pages for their negatives and more for just playing part of the rebirth of the economy. Bit of a setback, wells, or just individual situation and really pertinent just to wells . You think about our company, think about after countrywide, i got my share of time out there. It is important for the brand of our industry to keep making progress and show people that we play this core role, which is help the economy grow, help develop communities, help companies build, help people employ people, help consumers save, better money hakts, to use how to use your money well. Thats what we have to do. Any noise around the industry sets us back from that. Any advice for Deutsche Bank . You had the best Legal Counsel of anyone. I knew your general counsel well. Advice for the Justice Department . If you think about the american banks, because of the impatience of investors like you, we are forced to get the capital up very early. My advice to everybody is get to the place you have to go because then they could ask you about how youll get there. Does it matter if Merrill Lynch and the fees posted . What does it mean for the average customer . This is the fiduciary standard by the department of labor. We believe the idea of saying well do whats in your best interest is not new. So we took the approach that in the retirement accounts, you can manage money or make your own Investment Decisions but were not going to get into a debate about what was in your best interest. It feeds into the broader method, which is the mass transformation going on Wealth Management business to advice and then the product come out of that as opposed to product sell. Got it. Very important. These are very big distinctions. Carl, back to you. Thats bank of america ceo Brian Moynihan on the changing face of the banking landscape. Jim, our thanks to you. Great week of coverage out of 1 market this week. Dont miss the rest of jims interview with moynihan tonight, mad money, 6 00 p. M. Eastern time. Still to come on squawk alley, the future of twitter. Big open question. Well talk to the companys former c. O. O. About it. Hes joining squawk alley next with the dow down 25 points. If we dont solve our debt problem 19 trillion and growing moy for ograms like educationill shrink. Just 8 years, interest on the debt will bour third rgt federal progm. Bad news for small busesse the good news . Theres ill time for a soluti. Ask thcandidatesor a plan to secure our future. We drowning in information. Where, in all of this, is the stuff that matters . Thstakes are so high, your finances, your future. How do you sol this . You dont. You partner with a firthat advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. Morgan stanley. The tech ipo pipeline heating up after a rough start to the year. What should we expect for the remainder of 2016 . Former c. O. O. Of Twitter Joins us. Great to have you back at post 9. Thank you. Seems like weve gone from drought to feast in a couple of weeks with some of the cloud ipos. Is that an indication of where were headed in the near term . I hope so. I think there are a lot of great private companies that are refining Business Models and growing. You think of Companies Like air b b and uber, snapchat in the news. Outside of cloud also in consumer, i think well see some exciting companies, you know, kind of approaching the Public Markets in the next year. The question is why now, right . For so long the conversation was theres no rush, cash burn rates are manageable, stay out of this mess we call the Public Markets. Is the thinking different now . I dont think so. Each case is probably different. I dont think companies are looking across and trying to measure what each one is doing when it comes to an ipo. I think that has a lot to do with the factors inside the company, their need for capital, et cetera. So im hopeful that were going to see, you know, with twillio having such a great debut, im hopeful well see more. I think john has one from san francisco. I do. Thanks. Hi, ali. Hello, jon. Given what we saw with twillio and just keeping ongoing, how much is this an enterprise cycle driven by cloud and maybe not as hospitable or at least we cant tell how hospitable sst it is to consumer technologies . I think it depends on the companies. You know, i think of a company as interesting as snapchat, where to list. I think theres going to be a ton of interest. I think it has a lot to do with the particular companies if play. I dont think that obviously cloud is a massive theme thee matally its interesting. A lot of companies kind of plug in and sort of take advantage of that theme that investors are interested in. But its really case by case. Investors are smart enough to dig into the fundamentals of each company so, i dont think its just necessarily relegated just to cloud. You knew we were going to ask about twitter in the news right now. As the former c. O. O. Do you think that there is a decent chance to get scooped up by a Bigger Company very soon . You know, my sense is that at the current prices its pretty unlikely. And thats not because twitter is and twitter is a remarkable asset. I think its a remarkable brand. Its had its problems with user growth. Its an extraordinary asset. As i look at the potential buyer and the potential value there, i think its a value around 20 billion or 25 billion, a premium to where the Company Trades today. I just dont see an acquisition in the near term. Do you see its value, whatever someones willing to pay, as a sort of communication tool, your classic social media model or is there a nugget inside the way people seem to think sales force sees it, right . Yeah. I think the way mark has described twitter is an underexploited crm platform is totally correct. We saw tons of activity with brands engaging directly with their consumers on twitter, something we never focused on accentuating and Building Product for, but that use case is there. Its organic. Its natural. And in the hands of someone like sales force or even independently, theres much more to be done there. I remember asking certainly adam on our air a few times why databased revenue, like nielsen, all these other companies that sell analytics, why it was not a bigger priority. Was that something you fought for at the time when you were there . It was the original revenue stream for the company was data. We did deals with some of the big search engines. And the data business is actually meaningful. Its not nearly as meaningful as advertising but it is meaningful. I think the point that sales force, the interest they would have, is not just purely the data but building the ability or platform for businesses to interact directly with their consumer and have that onetoone relationship. There are so many businesses out there that lack that today, amazing businesses. Bob iger was recently in the news saying one of the things they cut is having more direct relationships with their consumer and twitter is a platform where that is already organically happening pip think thats valuable and something that could be exploited. You say its unlikely but could still grow independently if it doesnt get bought . I certainly hope so. I havent given up hope that twit kerr continue to grow. I think its an extraordinary asset. You look at its impact in the election cycle. I think they have a lot of work do. I think competitive environment around the company is changed. Users are spending time on many different platforms now where maybe they used to spend more time on twitter. I certainly think the company has a future independently or as part of the company. Kro i dont see an acquisition at a premium to where the company is trading. I theys unlikely. If that werent in the news, wed talk about other things. You can come back. Of course. Ali rowghani joining us, former c. O. O. Of twitter. When we return, tracking Hurricane Matthew. How the candidates could be shaking um their campaigns. Get unky with your chicken. Onvege, one in 6 americans will get a foodborne illness thisear. So, learn the rightemrature to cook each type of meat. Keepfamily safe at fooafety. Gov. Im courtney reagan. President obama urging residents in Hurricane Matthews paz to Pay Attention to emergency officials warnings, the comments coming about an hour ago after the president received an update on the storm. Hes saying the storm surge is the top concern right now in the area north of jacksonville and georgia. Meanwhile in haiti, u. N. Peacekeepers arriving to help the country deal with the hurricanes deadly impact. Local authorities reporting 572 people have been killed and the death toll is expected to rise. The storm barreled through haitis western peninsula on tuesday with 145mileperhour winds. On the west coast, santa ana winds are increasing the wildlife risk today in california. The strongest winds will be in the mountains and valleys of los angeles and ventura counties. Theyre facing gusts as high as 45 miles per hour. And this could be your chance to live in muhammad alis home. The former heavyweight champions mansion in louisville, kentucky, is up for sale. He lived there with his wife. The asking price 2. 2 million. Thats your cnbc news update. Back to squawk alley. Seema mody as the final european close of the week. The focus is the historic drop in the uk pound and what some are calling a flash crash. Traders blaming computers for the pounds move below 120, which set off another wave of selling this morning, stabilizing around 124, still a 30year low. The impact of a weaker pound evident in the uk stock indices from the ftse 100, which houses exporter, moving higher, benefiting from weaker currency. The 250, domestically focused names, is underperforming the ftse 100. And strength in the energy sector. Shell and bp higher by 8 for week as Oil Prices Recover on hopes of that opec production cut. If you thought the brexit drama was over, think again. A member of britains ukip party got into an altercation with a colleague in the European Parliament three months after that historic referendum vote, emotions still running high. That was something. See ma, thank you. We are also watching Hurricane Matthew as it continues to pound Florida Tracking north where it is expected to trigger heavy rainfall and massive flooding in georgia. Our own scott cohen is live for us in savanna with a special guest. Scott . Reporter this is a critical area, the port and the population. Mayor, nine months into your term as mayor, thats interesting way to start. Yeah. Nothing like a Good Practice run. Weve had a couple of them, but we have great people, the red cross, people are doing a great job, our communities pulling together and we got 2,000 people evacuated on buses to other areas. We have people opening up their doors, having those folks come in. So weve got the Southern Hospitality taking place in the city of savanna. Reporter were really into that crunch time. The cutoff as everyone is saying is noon, which is coming up. Roads, bridges closing, those buses get out of here. Then what . What about the people left behind . Well, it gets to the point you have to make a call at some point and say this is the cutoff line and thats what weve made. Its 12 00 so we can get our First Responders that have been working for the last two or three days getting people out, we have to give them an opportunity to get their family out. So 12 00 is the time, and hopefully and we have a lot of people still coming to jump on the buses and get out. But its slowed down. People understand that 12 00 is what it is and we are just anticipating and hoping that this storm is not as bad as it could be and well move forward through it. Reporter if the current forecast holds, and were talking about some pretty heavy storm surge potentially, lot of rain, what does that mean, what are they sort of projecting in savanna . The surge is what scares us. I was talking to it will mayor, if you get an 11foot surge and the road out there, highway 80 is about 2 foot above the ocean, then youve got an issue. And weve got that coming on. So we are hoping that the first one doesnt catch all the surge i mean all the surge coming in, and well see what happens at 2 00 this morning. But we told everybody, he called them vejly and told them you need to get out, need to get out, and hopefully we got most everybody out. There will be some that stay behind and hopefully they can ride it out and we can check on them and find out theyre great tomorrow. Reporter eddie deloach, mayor of savannah, georgia, we wish you and the population the best. Back to you. Thank you very much. Scott cohen in savannah. The candidates are preparing for the second debate on sunday night. John harwood is in washington watching that. Hey, john. Carl, theres a lot of pressure on donald trump coming into this second debate with Hillary Clinton. He had a successful week in terms of mike pence holding his own very well, in fact, seen as winning the debate with tim kaine, the democratic Vice President ial nominee earlier this week. But donald trump of course didnt win the first debate with hb hk and last night he tuned himself up a little bit with a town hall meeting in the state of new hampshire. The debate sunday night will be a town hall format moderated by anderson cooper. Before the first debate which occurred at Hofstra University in new york, donald trump was just a couple points behind in the real clear politics average of national polls. Now you look at the situation heading into the second debate, that lead is almost doubled to 4. 3 percentage points, and weve Seen Movement in key battleground states as well. So Hillary Clintons in a very strong position. Donald trump needs to stop the bleeding with a Strong Performance by himself. Of course the third debate is october 19th. Thats going to be in las vegas. But this is a very, very big moment for him on sunday night, guys. John, thanks for that. John harwood. Of course as Hurricane Matthew batters the southeast coast 48 hours before that debate, what impact could the storm have on the campaigns . Joining us veteran political analyst crisco fienes, and alex koenen. Bill oreilly suggested the entire outcome of this election could come down to this one second debate. No question. I think Hillary Clinton has a lot going for her going into the second debate, not just leading in the polls but ha lot of experience in these sort of town hall formats. Donald trump hasnt done this before. I wouldnt count him out, though, because if he can prove sunday night he has the temperament to be president of the united states, if he comes across as prepared, a lot of voters who are not supporting him will support him. Hillary clinton remains vulnerable. She has very high most americans think shes not trustworthy and will have trouble proving that in a debate setting. I think trump has an opportunity here sunday night to turn things around. Its critical he does not just for him but for the entire party, i believe. Chris, its a good question about style and forum, right . The differences between a podium and standing up without one, taking questions directly from a voter. Who does that benefit in this case . Clinton or trump . Its not clear. I would say probably clinton because shes got more experience having done it in the past. You have to make an emotional connection with the voter. Your empathy, the tone, style, how you stand, avoiding mistakes like bush sr. Did in that second ke debate against bill clinton where he looked at his watch. Tights Little Things that can hurt you in a town hall. Trumps problem i think going into this one because hes never done it and the pressure is so big, it limits his ability to go on the offense and negative. Oneonone its easier to go negative. In town hall with voters sitting there, its hard to hit your opponent really hard. I would agree with that. Alex i was going to say i would agree with chris. Whats interesting is that both of the candidates sort of live in a bubble, a security bubble but neither have lived normal middle class lives for the last decadeplus. So whoever can best relate to the audience, connect with the voters in the room will have a very good night and come out of the debate with new momentum. Joh jon . Chris, these debates are important but so is turnout and the ground game. Im interested on your take with Voter Registration. In florida theyre saying theyre not going to extend Voter Registration, but in South Carolina they are. These this has clear implications for democrats versus republicans in getting new voters to turn out, perhaps lawsuits will result. Chris, whats your take . It obviously hurts democrats more because theyre obviously, you know, focused on Voter Registration, they have an aggressive ground game, the campaign does, the dnc does. I mean, the trump campaign, this is no secret, literally has no organization on the ground. In all the years ive been in politics ive never seen a president ial campaign with these kind of lack of resources. The other factor, early voting, youll have about 2 million ballots going out every day. So there is an advantage thats almost built into a campaign that is focused on not just getting people registered but getting those early ballots in. And i dont know how trump can compete on that. Hes got to have momentum to win this race. And because of the last few weeks and if he doesnt do well in that debate, im not sure he has that energy to get those early Ballot Voters in. Alex, your take on that issue . Clearly both campaigns are putting out a message that safety is the numberone priority with this storm, but that Voter Registration issue, governor rick scott shot it down in florida. Was that the right call . It looks like it was the right call. Theres been plenty of time for voters to register in florida. The storm wasnt as bad as originally feared in florida. Im sure something people will look at after the fact once the storm has passed. But chris is right, like voting is already under way in florida. Absentee ballots are in the mail. Marco rubio, Whose Campaign i advised, is aggressively turning out voters to make sure they vote absentee early and then when early voting starts in a couple weeks hes got a big program under way to get voters out to the polls early. Hes not depending on donald trump to turn out his voters. Hes building his own get out the vote operation, sending candidates around the country doing, that and in some ways that may benefit donald trump because all these republican campaigns are making sure the republicans will vote for senate candidates. Its going to be something to watch not just sunday but in the days and weeks following. Chris, alex, well talk to you soon. Thanks, guys. Thank you. Chris kofinis, alex conant. We have a news alert on tyson foods. Back to dominic chu with that. Tyson has responded to an earlier Analyst Report in which the analyst at Pivotal Research downgraded shares to a sell rating and attached a price target of about 40 per share on those particular shares. This is on the heels, again, of this particular analyst call. Tyson has now responded by saying that they are looking at this and they are commenting on this pending antitrust litigation thats the context of this particular analyst note. While we dont normally make substantive comments regarding pending litigation, we dispute the allegations in the complaints as well as the speculative results reached by the analyst. We have not made any changes to our Business Practices in response to the complaints. So, again, carl, just tysons response with regard to this Pivotal Research report and downgrade. Back to you. When we come back, not just florida and georgia, South Carolina also preparing for matthew. The mayor of charleston will join us in a moment. All three major indices at session lows. Dw broht i. T. Orcstration to a obal outerwear manufacturer, allowing them to handle the recent popularity boom fanny packs. Its pretty fly. Unless being90s is your thing. Well, cdw and hpe services gave them the flexibility they needed to scale up their scale up theirloud resources, maki sure supply meetsemand. Poser [ classic ringtone ] whats crackalackin . Hey, did you rememr to set the vcr . Increased flexibiilty by hpe service i. T. Orchestration by cdw. Got a quarter . The impact of the not so great job report coming up at noon eastern on the halftime report. Looks like youre the new automatic fillin. Im liking this. Dont you have to wear a jacket for this show . No jacket. I got detention again. Staying after school. Here i am. On a friday. I love it. Im glad to be here. Love it. Well see you in a few minutes, joe kernan. To the cme and check in with Rick Santelli and get the santelli exchange. Carl, thank you. Yields are failing to yield after what i would describe as middling jobs data. You know, there is a data loop. If you look over the last four or five year, especially when the moniker, the billboard used to be data dependent, you would see ebbs and flows predicate on the first friday of the month whether you looked at equities or whether you looked at the fixed income markets. Weakness in jobs tended to, of course, push up equities and push down yields. All that may have ended. The loop is somewhat broken. Just consider this gilds are up 23 basis points on the week as they get close to 1 pers . They settled under 0. 75 last week. The pound getting pounded is textbook. Pound going down, yields going up, we blew through 90 basis points. Weve talked about 90 basis points a lot as you see on the charts hopefully youre looking at. When i look at treasury yields, i see a twoyear up 10 on the we can, up 10 on the week at a time where this data certainly didnt further notion much. In my opinion or most of the traders i talked to regarding any steppedup time line for the Federal Reserve. Most of the traders on this floor say if any it will be december. The longer end, the tenyear are um 17 basis points on the week. This is big time. Now, what does it mean and how do we process all of this . Well, the way i would process it is quite simple any type of a close above 174 but, see, the problem with 174 is its not easy. Easy is threequarters. So lets be safe. Any close above 1. 75 on the weekly charts for tenyear look for more of the same. There is something underpinning this move, whether its Central Banks out of runway, i cant tell you, whether its that there really is going to be a taper in the eurozone, kii can tell you. What i can tell is you cant fit all the same position on one state room on a large ship. Back to you. Rick, thanks so much. Rick santelli in chicago. As weve been talking, Federal Reserve vice chairman fischer has been weighing in on the jobs number. Steve liesman will recap that for us. Hey, steve. We have the real sound for you, carl. Stan fischer, the vice chair, saying the jobs report was, quote, pretty close to goldilocks. Unemployment is somewhere very close to the natural rate. I think were close to full employment. And growth isnt. Isnt close to what we used to think of as normal. He said hes troubled by the split between good jobs numbers as well as weak gdp growth. Fischer said his great fear is the antitrade policies going around the world, and he points out, he is an economics professor, trained many central banker, that very few countries succeed without integrating into the global economy. Global economy. I point out the percentage chance of a december rate hike, actually, did go up. Some traders are seeing this as increasing the likelihood of the fed hiking sooner. Thank you very much for updating us on the important comments from stan fisher. Straight ahead, were following Hurricane Matthew. How cities in its path are preparing. We check in with the mayor of charleston, South Carolina, next. South carolina governor nicki haley urge residents to get out now. Shes speaking this hour, and the governor also enlisted one company to help. Just know that if you go to expedia or air bnb, they have opened up a lot of other rooms there in columbia and greeneville. Please go to expedia or air bnb, and you can still find additional shelter resources. Joining us on the phone with more is the mayor of charleston, South Carolina, john techlenburg. Good of you to join us. As we watch this storm barrel up the east coast, what kind of things are you expecting right now from which in charleston . Thank you for having me on today. Were expecting some serious flooding. We experienced serious flooding a year ago, but we have a triple threat of storm surge, high tide, and over a foot of rain, so thats one of our expectations and what were getting ready for and why weve been telling our folks please follow governor haleys Evacuation Order and go ahead and get out of town. Theres still time today to go ahead and leave, and were urging people to do that. Are they doing that . Are they heeding those calls . If. I think over a half million folks have evacuated from coastal South Carolina, so many citizens have left. There are a number still here. Theyve made that decision, but were going to do our best to protect them and protect our properties and recover where, were already prepositioned at fire stations around the city, and next will be our response and our recovery to what comes tomorrow. We talked to the mayor of Fort Lauderdale earlier this morning. They said theyre already sending some of their firefighters into northern florida to help where its really needed. Are you getting similar types of aid from other cities . Weve had offers of help from cities of augusta, of columbia, of other cities. We feel like were in a good position right now, about ut were going to see what kind of what kind of damage actually occurs tomorrow, and then well be glad to reach out to those hospitable cities. Perhaps i would hope that would lead some people to evacuate more quickly, but you know theres always a percentage of people who dont leave. Whatsoever plans do you have in place to deal with those folks and perhaps most important to know where they are. In lowlying neighborhoods weve been going door to door and urging folks to leave, and those who have chosen to remain, weve advised them that they stay at their own risk, and even weve been asking who their next of kin is for notification purposes in the event something happens to them, but were still urging folks to leave and getting ready for this storm. Mayor, thank you so much for joining us. Well let you get back to work. We wish you all the best. Were going to be ready. This storm will pass. We welcome everybody to come back. Thank you. As soon as its over. Thanks. Our thanks to the mayor for joining us. Well be right back. Theres a lot of places you never want to see 7. [ beep ] but youll be glad to see it here. Fidelity where arter investors ll always be. Delitys active trader pro cahelp you fd smarter entry and exit points ancan help protect your potential profits. Delity where smarter investors will always be. Market reaction wasnt all that positive, but it was a tumble weve taken in the past 15 or 20 minutes. The vix getting closer to 14. Followed by home depot and walmart. Is it weatherrelated . Who knows . Industrials having a tougher time. Utilities are the only sector that is green right now, and oil has flipped negative. Wti back below 50 a barrel. Energy stocks that were a bright spot have now turned lower. A lot of Bank Earnings next week. Alcoa, a debate on sunday night. Have a good weekend. Lets get back to kernin and the half. Scott wapner, the judge, im in for him. Im scott kernin. Lets get straight to meteorologist matt for the latest. Hey, matt. Thanks very much. Theres been a lot of developments with the storm today, but one thing that has not changed is its strength. This is still a category three storm. Still 120mileperhour sustained winds. You can see good structure to the storm here. Its