They say the situation in the Foreign Exchange market is still fragile. This is significant because it marks an end to the snb referring to the franc as significantlyovervalue. The august Consumer Price index comes at 8 30 a. M. Eastern time that hits with weekly jobless claims and the bank of england has a policy decision due around 7 00 a. M. Eastern time. Tesla announcing plans to unveil its highly anticipated truck. That will happen on october 26th the tesla semiis wh is what thee calling it that date a setback. Elon musk expressing his excitement saying the batterypowered beast is worth seeing in person shares of tesla, down marginally on that news a bit of deal news shares of Tenet Healthcare are jumping on reports that the company hired advisers to explore options including a possible sale. Last month they said they would replace the ceo and some Board Members after concerns from glenn view capital then net h that stock up 14 in the premarket. Equifax says a web server flaw in its open Source Software led to the breach that compromised all that data for up to 143 million u. S. Customers. The ceo is expected to testify before a house panel on october 3rd. Nearly 40 u. S. States have joined a probe into how equifax handled the breach. President trump hosted Democratic Leadership for dinner at the white house last night and reached another deal maybe ylan mui joins us from washington first it was the debt ceiling and now daca Chuck Schumer and nancy pelosi saying President Trump agreed during that din tore Work Together on a package that would replace the program to protect undocumented children and address Border Security without funding for trumps border wall. But that bipartisan spirit could already be on the rocks. Just minutes after the democrats made that announcement, White House Press secretary Sarah Huckabee sanders denied it tweeting that there was no agreement between them to exclude the wall shim schumers spokesperson said the president still plans to push for the wall, just not part of this deal. Already gop conservative lawmakers are up in arms immigration was not the top iiio only discussion last night they talked trade and tax reform last night trump tweeted china has a tax rate of 15 . We should do Everything Possible to match them in order to win with our economy, jobs and wages. As you know Stephen Mnuchin said at delivering alpha that a 15 rate is unlikely, last night the head of the Freedom Caucus told reporters that gop leadership is aiming for Something Like 20 . Big mistake for pelosi and schumer negotiation 101 with donald trump do you not come out and put out a statement that puts him in a box so he cant look like hes at least participating in a win. Unless youre playing politics and youre not involved in this i thought it was terrible. How do you go a dinner and put out a Statement Like that and think that youre actually especially after theres been this kumbaya moment supposedly well see i think that they think that they probably are getting close to where something is getting done. The idea of going out and saying theres no wall, and saying they agreed to these things, and were walking away with everything we want. The 15 we heard ylan talk about and mnuchin, what he told us he was on brett baer last night. Its funny brett was referencing things from our interview. Which brett has been doing for a few days hes fair that way. I talk about him obviously but he kind of walked it back. Hes like i didnt say it wasnt going to be 15, okay the president the goal is 15. The president wants 15 i want 15. He was very sensitive. Its true he did not the way you Say Something what he says, well see, we cant promise it will be 15. In d. C. You can never be honest it helps in d. C. Just to lie. Not just in d. C. , try new york, too. In media. Anything you say will be taken to the enth degree its better to stick to the story. Peel know youre full of crap. Its just you know what im talking about. Yes i know exactly what youre talking about. Which is your point with this daca meeting im telling you in this case the democrats are full of in this way why would you if you wanted if you cared about the merits of this issue, and you wanted to get something done, if that was your goal in life, putting out a statement that tries to put the other person youre trying to negotiate with in a box like this is such a terrible disingenuous move and it creates all kind of ill will bingo i was wondering how you would skirt the overall lead story what story are we missing donald trump wants to help these people and hes sincere in wanting them to stay he is, when he said i understand i hope he does. But youre skirt ag rouing ad thats what youre seeing. Here i am criticizing the democrats not really. Im waiting for you to wake up one morning to tell me that donald trump did something wrong. Youre saying this trump is a volatile nut, if you dont do exactly what he wants, you will never get a deal because hes going to be a child and youre saying its already done no, youre saying those things no, im not i thought you would come in and say wow, this is really great. Maybe hes not a white supremacist, not all about keeping muslims out. Maybe east not all about building a wall. Maybe he wants to let these young people who have been here their whole life you just told me all politics lie what am i supposed to do think you ought to say wow, maybe i misjudged. Give trump the benefit of the dont have you ever woke up one moment and thought about anything that hes done that could be potentially wrong at this point im siding with him against republicans. Here i am telling you that i think the democrats have done something that is terrible terrible youre on the ej you get your same talking points with krugman every morning. I understand that its 91 groundbreaking coverage of these things is down the Mainstream Media path every ceo you look for a way heres the unique thing, andrew. I only want you to be your best youre showing your colors this morning. Because wouldnt you think i would side with the Freedom Caucus rather than pelosi and schumer . Im not. So youre just in favor of a deal getting done. Im in favor of getting anything yesterday we were hearing the private sector doesnt get anything done. How about these guys in government you have seen a more ineffective group which gets to trumps base, 20 are concerned about immigration. A much bigger portion of them are tired of things not getting done does this satisfy the base by saying we will cut deals and make things happen who is the guy in iowa, the most the republican who already tweeted about this hes nashing his teeth. Hes saying this will cost trump his base i thought you wanted to build the wall i do you want the wall yeah. I want Border Security you want a wall these 800,000 are here. Theyve grown up here. Theyve youre ready to kick them out. No. Oh no this is what you do with ceos, dirty andrew thats not what i want to do. The 8 00,000, i dont want another 800,000 five years from now. Let this group stay here, but tighten the borders. Youre not in cahoots with the president on that. His talking points were different than that in previous years. Thats basically what it is. Even what pelosi and schumer said last night that part is true tied with Border Security, not necessarily the wall the point is they were there for dinner theyre talking about things you have to wonder what mcconnell and ryan think about these things this is his way of operating this could potentially bring a deal to the table. Watching mcconnell or these guys that so totally screwed up the obama care bill, watching them see deals being done without them involved, theres just the theres a schadenfreude there for me which im surprised, because it involves nancy pelosi and Chuck Schumer. Somebody just tweeted me, you would think these two are brothers. This sounds like scaramucci and Reince Priebus no. Youre an Old Testament no, scaramucci and priebus didnt live in the white house together what happened to kane, he got banished forever or something . The outcome was not good for him. He got in trouble more news this is you yeah. Go for it. President trump blocked a chinabacked investor. This is too little too late from buying American Semiconductor company lattice over National Security concerns. They finally block it. Why didnt they block the i dont know. What is more important . Lattice semiconductor security comes back to this depends where your priorities are. Where your bread is buttered. Where your bacon is fried. The white house saying the National Security risk posed by the transaction relates to among other things the chinese governments role in supporting this transaction this is the fourth time in the past 27 years that a u. S. President has blocked a deal like this. Shares of lattice took a dip late yesterday on the news but theyre rebounding in early trade. Were now getting response to the china block of the deal. Its unch basically. This is interesting in how it plays out in this next story the u. S. Department of Homeland Security ordered all federal agegys to stagencying to stop using software made by kaspersky lab. They are concerned about ties between officials and russian intelligence agencies. The Cybersecurity Software is widely used in the United States in the public and private sector Kaspersky Labs says it is disappointed with the decision donald trump tweeting just now. No deal was made last night on daca, massive Border Security would have to be agree ed d to exchange for consent would be subject to vote this gets back to our conversation no deal being made i will bequeath you more reading. Go on. Go back to the top go back to the top go further back go further back to lattice go to lattice. You can do lattice. Lets do it on tv i didnt want to do lattice you told me you did go for it. I didnt want to go lattice lets talk markets. Go for it. Please i bequeath it to you. Im worried about this eric, you look so young. 1 130 billion under management . A lot of capital. A lot of capital, yes. Thats a lot of weight on your shoulders youre at u. S. Bank. U. S. Bank chief Investment Officer. I am. You have some help. I have some great team also Michael Tyler chief Investment Officer at Eastern Bank Wealth Management eric freedman, chief Investment Officer of u. S. Bank wealth management, more than 130 billion under management is all this you just saw 15 minutes of dont know whether i would call it noise. Does any of this factor into your Investment Decisions . It does the key thing is what is priced in right now its healthcare and tax reform we argue both are excluded from market prices. Most of the chatter weve seen across the market has been on will we see more substantive progress, administratively on either topic what were seeing is that neither are factored in. So we do think that the Global Economy is certainly showing momentum, markets are following. So we think that if there is some more substantive progress, that would be the next leg higher, a lot of risk asset. We want to retain that progrowth stance for our clients. Thats worked out for us this year data suggests we should continue that stance. Michael tyler, how about you . What have you heard so far in the headlines would cause you to do anything differently in your investing . Anything i think we are in a global pick up in demand growth thats a good thing. So, what would worry me would be issues that come up that would deflect that you know, i think to some degrees there optimism that we might get tax reform next year theres very few people in the markets now who think it will happen this year this year we have strong corporate earnings that will carry the markets through. Im looking ahead to next year i want to see some form of tax reform i want to see the immigration debate resolved because 800,000 people is actually a meaningful portion of our population growth on a yearonyear basis. And frankly Economic Growth and corporate Earnings Growth depends on having more people here, more consumers, more producers, more students thats one of the engines that makes the American Economy grow. I dont know, does it matter to you whether the highend get tax cuts it does it is certainly important. Supposedly theyre not now. Was a bit of a difference from april april the discussion from the white house was that the top tier would be moving lower certainly yesterday the suggestion was that they would be flat or potentially increase. Thats something that we do think about, the wealth effect and if there is a knockon effect of consumption. Well have Kevin Mccarthy on today. What do you think kevin brady thought when he heard that i dont think their plan includes i dont think they intentionally are trying to cut taxes for rich people, but part of the process, that will be part of it unless its different than what theyre proposing. Well see about that. Lets face it. The wealthiest people, its not going change their consumption or their spending all that much if they get a tax cut. If you get a middle class tax cut that affects hundreds of millions of people that has an impact on their ability to spend money to invest in their homes and businesses thats where you can see a much more profound impact from a tax reform package, possibly a tax cut as well. Though i dont think thats priced into the markets yet. Those are the people who could benefit most and in turn benefit the economy the most no backup in rates in your view at this point it gets to be gradual our take is that the fed is assetprice dependent. Chair yellen will see how the run off reacts in terms of market activity. We think it will be gradual. I cant imagine it would be a fast rise at this point. All right so the rest of this year and next year equities continue to be a place to invest or not . We do we think corporate Profit Growth momentum is there. That certainly youre seeing that in europe which has demographic challenges, challenges in terms of its ability to be more shareholder friendly momentum is positive were getting more synchronized Global Reaction to, i think, the stimulus weve seen as well as ongoing corporate profitabilities. It feels good to us. Thats where were staying gentlemen, thank you. Sorkin, this is your thing this is what youre saying what donald trump just said. Bingo instead of reading the stupid lattice read, you should have said thats the whole thing. You were stealing my read. I didnt notice lattice the tweet was mine, right . I didnt notice lattice. He didnt know the point is the tweet is exactly what i said. The tweet is exactly what i said was happening. Right instead of worrying can i bring in the fafr right far right on this . Breitbart is calling him amnesty don. You can see how it will play out on the right sanders started it first, she started saying nothing was said about a wall but she wasnt there. So she pushed back, but again softly they didnt say theres no deal with these people. Were seeing it from the president. Youre right andrew is right in saying they put him in a box, thats unfortunate. Trump is not coming out and saying forget it, this wont happen but hes saying theres no done deal here at this point, which, honestly, is a better response than i might have anticipated. Yes given his history. Considering the hopes of daca coming through it is still a way of saying, look, youre dealing with this thinskinned child, do not say these things its not criticism of the democrats. Its warning that theyre dealing with this they came in and tried to say woo were putting a stake in the ground saying this happened. Andrew is saying they were playing politics if you cared about dreamers, and you cared about getting you wouldnt have said it. You would have never said that youre playing totally to your base im saying this about the democrats. But what were they doing . Theyre looking to capitalize on politics than theyre looking to box him in maybe they think its a grand negotiating bargaining tool. I dont know on a morning like this, after a dinner like that, its a mistake. If the goal truly is to get to that place to get a deal done. It messes up the negotiation, trumpeting things before you have anything done that really is a cynical view for the people that you love so much to say they really dont want a deal for dhaka i like to think they want a deal for dhaka actions belie that. I dont understand why they do it this way they made it less likely by doing that to the extent they probably made it by 10 00 last night it was a better chance, by 11 00, a worse chance. Thats cynical. I think schumer and pelosi i like to think they want a deal but how they get there is a different route. We dont know who leaked this what person in the room. They both said it, didnt they they put out a statement. They put out a statement, but was it in coordination, i dont know coming up, well talk about lattice again. I wont say a word about bacon a shoe company taking Silicon Valley by storm. The story of all birds next. What powers the digital world. Communication. Thats why a cutting Edge University counts on centurylink to keep their global cam