Thats true thats true. Youre looking at me why am i reading barons. That was my first thought my Second Thought was why hope for a million when we can get to 100,000. Thats true thats true. The other thing is that fact points to the singularity at this so that were all there. We will be there not from not looking down sort of placidly from the after life. I also just given your superstitions to remind you, it is past september 23rd now were still here. Oh. You had some questions about that last week no, no, no, on friday im not kidding. On friday the guy said he miscalculated. The biblical numerologist said he miscalculated he said were going to start seeing signs i didnt raise any chaos. I think gold was the trade. I didnt show you what they were doing. There are some reports the japanese mime minister is going to boost abes Approval Rating it could help him retain his ratings. Hes going to pass a massive stimulus package worth 17. 8 billion. The look at the hang accepting and shanghai composite down marginally the nikkei up. In europe, Germanys Angela Merkel was reelected to a fourth term as chancellor. The nationalist alternative for Germany Party picked up 12 of the vote much more on the german election and what it means in europe and what it means to the markets in just a moment. To politics now. President trump issuing new restrictions on travel to eight countries including north korea and venezuela. This after the administrations ban after six countries expired yesterday. The president said countries have not cooperated on issues related to terrorism in other news out of washington, republicans are making a late bid to repeal and replace obamacare. They are adding an additional 14 billion to states sponsored by Lindsey Graham and cass day rand paul and john mccain said they will vote no. Senator graham says republicans will still press ahead with a vote on the bill this week to tax reform President Trump is expected to give a speech outlining the socalled big six framework. The top individual tax rate now will come down from 39. 6 to 35 . The Corporate Tax rate will be taken down to 20 , currently 30 . Yesterday President Trump told reporters that he hopes to see the Corporate Tax rate lowered to 15 but thats a target Republican Leaders including House Speaker paul ryan says is impossible to reach without adding too much money to the federal debt President Trump taking on the nfl in a very big way over the weekend. It was probably the conversation of the weekend for many. In a series of tweets the president blasted the league for allowing players to protest the National Anthem. Hes even called for a bweekend of protest. It was a week end of protest in the National Football league. Take a look at the teams around the league some teams decided not to come out of the locker room other teams taking a knee. It was all kicked off over the weekend on friday night with the president speaking in alabama at a Campaign Rally the president said that owners when one of the players disrespect the flag, he said, get that son of a bitch off the field right now, hes fired. That prompted a backlash among some of the players who respected the ability of Colin Kaepernick and others to take a knee in the National Anthem in protest of what they call Police Violence in the United States. The president looking at these scenes over the weekend said on sunday night that he was pleased with what happened heres the president at andrews last night. I certainly think the owners should do something about it there was great solidarity i watched a little bit i was not watching the games today, believe me, im doing other things, but i watched a little bit i will say that there was tremendous solidarity for our flag and for our country reporter the president made political enmice of some of the strongest stars. The president tweeted out a disinvitation to steph curry and the warriors they were delying and he said they were no longer invited to the white house and he said, you bum. Steph curry id aint going. Going to the white house was an honor until you showed up. Robert kraft, the owner of the patriots also expressing some antitrump sentiments here, frustration with what the president has done in terms of national conversation. I am deeply disappointed by the tone of the comments made by the president on friday. I support players rights to peacefully effect social change and raise awareness in a manner that they feel is most impactful. So there were scenes of division pro trump fans, antitrump fans, pro protest fans very chaotic weekend over the weekend. The president decided this politics works for him hes going into a big week in washington in which hes trying to push through tax reform hes trying to resuscitate Health Care Reform all of those things on the a gain as we see this social division swirling around the country over the weekend back to you. Eamon, is there any fallout one way or the other whether we think there was a huge follow up with the smons sores on the side of the nfl. This is unprecedented were seeing real divisions. Speaking as a business, you can imagine that the nfl just doesnt want to be drawn into the divisive social politics of our time and now they are squarely drawn into it theyve been able to stay out of it for the most part the nfl has historically prided itself on being an expression of american patriotism with the giant flags, the anthems, the military flyovers. All of that associating the nfl with a brand and patriotism. Now those waters are a little bit muddied. The president over the weekend tweeting out support for a ban or a boycott of the nfl by fans who feel that they dont like what theyre seeing out on the field. For the nfl, this can be tricky. For politics, im not sure where this goes. Whenever you have this much anger and fervor, it will have a political impact. Before we let you go, eamon, fascinating story in politico. I dont know if you caught it last night Jared Kushner and his use of email yeah, i havent had a chance to dive deeply into that the question is whether or not Jared Kushner is using private email to communicate with people inside the white house and do white house business on his own email account thats the one youre referring to thats the piece. We talked about email for a very long amount of time on the show during the election what seems like their own server . Thats his own server his own domain. His own domain youre the master of your own domain i like to think i am. Good seinfeld. If youre referring to thats a whole different. What the piece did suggests is that he had set up his own domain whether he was initiating lets move on. Whether he was initiating the emails or not, people inside the administration were doing private business. There are rules that enable you to use private emails, correct . As long as you forward them to the official white hauser offer at the same time there are ways you can use private email records they created the documents part of the white house. Theyre generally regarded not as part of their own property but property of the taxpayers. I dont believe the secretary of state needs to save all the emails, eamon thats right. The big issue with Hillary Clinton, right i know we go back to the Hillary Clinton clinton issue setting up her own issue. Meanwhile, weiner is going to get sentenced. Meanwhile, there are people in the white house i can tell you, there are people who communicate using private texts, emails, other waste of communicating on a regular basis, but in order to communicate frequently. Eamon, whether theyre doing it out of their private email, messaging, signified, whatever he was being accused of disappearing emails, its in a similar place. They will not be kept as formal white house records, right why theyre doing that, you have to look at them and look at each particular communication in order to understand it there are definitely people in the white house who dont want other people in the white house knowing what theyre sending and thats why theyre using these other systems in order to get messages out as a reporter i can tell you you communicate with people in the white house on any system they want to communicate on its not exciting me between jared and hillary. No . No. Weiner is getting sentenced today, eamon youre worried about that youre worried no, not worried that all relates think about that, that was the final like were going back into the investigation based on this guy. The emails its just weird and now it all comes home to roost today that hes her asking for like two years prison. You look at shakespeare falls from grace, tough to get one its a lower low than whats going to happen. Well have to see what happens. Could be two years. Could be two years in prison. You know, theres an indication there that he doend know how to pun. If i can ij i canically, emotionally. Eamon im going to leave it there the whole master of the domain thing, coming around to Anthony Weiner dangerous territory. Move on. Youre right. Thats it. Youre done after all is said and done with the nfl, one thing though, andrew, was the same, the bengals. One thing thats did you watch that, quail . It looked like they were going to win. Yeah, they did, miami, right . Anyway, good to talk about the sports side of things. Thats tough chancellor Angela Merkel clinching a fourth term in germanys election joining us is Robert Kimmet whos there for the lufthansa meeting. At this point, is there a metaphor how you would characterize her standing and power . As far as outcomes go, this is the weakest shes been in the four times shes been elected chancellor, right . Yeah. Good morning, joe. What i would say about this election, it was predictable, concerning and complex predictable in that she is going to start her fourth term, but as you say, from a weaker position. Concerning because a far right party has come into the German Parliament for the First Time Since the nazi era and complex because there will be six parties in the parliament and we will likely see for the first time at the federal level a coalition involving three parties. And that starts in earnest today. Will anything change in terms of the way germany approaches eu integration or the refugee policies will anything is there pressure being brought to bear on merkels policies at this point from this . I believe the approach to europe will remain largely the same she has already begun to adjust the open immigration policy that shes started in 2015, which i think was the major cause for both moving to the far right party, the socalled alternative to germany i think the most important thing for your viewers is that one of her likely Coalition Partners out of the Free Democratic party, theyre referred to as the liberals in germany. In the u. S. They would be considered libertarian very free market in their or riff entags. Mr. Lintner, the head of that party, said that one the finance minister in germany in addition to doing what our secretary does runs the german budget so i think we could see a different approach to the budget if, in fact, mr. Lintner and the free democrats get that finance ministry. Thats very interesting thats the classic use of the term liberal from, i dont know, 70, 80 years ago meant more libertarian than its now analogous to progressive thats an Important Note you make that could mean if you hear in germany the liberals are taking over, it sounds like its not. Very much theyre free market oriented theyre driving very hard on Innovation One of their central platforms was to make it easier for companies to start up in germany which has been a high barrier to entry. I do think in terms of economic policies broadly, if, in fact, they put together this threeparty coalition, a socalled Jamaica Coalition, because it would be the cdu, the Party Represented by the color bla black, the liberals represented by the party yellow and the green and those are the colors of the jamaica flag. If they do send up that tripartaid coalition, the free democrats, the liberals will have a very pronounced area on economic policy. I think that will be good for germany, good for europe and well see how that happens it will take place over the next four to six weeks. Intense negotiations that would begin today. They actually end up writing a very detailed contract, and i think we need to watch very closely who goes into what positions and then what positions are laid out in that contract. Yeah, got to think of prosperity versus stimulus it factors in who is a successor to mario draghi eventually and the incumbent, is it hubel dominated by him. Scheuble. That could change as well, right . Yeah, absolutely. I think thats the key thing, particularly for your viewers to watch. Wolfgang scheuble has been there for quite some time. He had an a didditional cost he just turned 75 last monday, but hes still fit and ready to serve. Again, the liberals said that the last time they were in coalition with mrs. Merkel they came in with more votes than they got yesterday they ended up not even crossing the 5 threshold in the next election and lintner said one of the big mistakes they made was not getting the finance ministry i think this is going to be a key part to the knof the negotin if mr. Scheuble left, he would see a push to replace mario draghi in 2019. All right i guess it would be too much to hope for, ambassador, like could liberals in the United States ever become more free market oriented is that something i could hope for at all, more private sector or thats probably not going to happen in this possible i like to think so, always. I think were stuck. My feeling is you ask whats right for small to Medium Enterprises youll come out to the right place. Amen. They create 75 of new jobs, both in the u. S. And in germany. Right that should have broad support across the political spectrum yeah. These are liberals i could live with, i think. Anyway, thank you, ambassador kimmitt. 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Its feeling safe. Its a today thats better than yesterday. Every dollar you can spare helps so much more than you can imagine. Please donate now to help people affected by Hurricane Harvey. Your help is urgently needed. Its not just a donation. Throughout history, the one meal when we come together, break bread, share our day and connect as a family. [ bloop, clicking ] and connect, as a family. Just, uh one second voice guy. [ bloop ] huh . Hey . I paused it. Bam, family time. So how is everyone . Find your awesome with xfinity xfi and change the way you wifi. Welcome back to squawk box. Time for our monday morning strategy session phil orlando, chief equity market strategist. Phil, ill kick it off with you. Where do we stand here in the markets in this Third Quarter . So we had this 3 correction in the middle of august. Market has popped back to record highs. Weve still got some issues. Looked at the german elections right now. Put that in the category of geopolitical risk. We had north korea at the top of that subsector whos to say what the issue the fall back is going to be here. We still think we can see another little pull back here over the next couple of weeks to a month and before we get into sort of the year end rally situation. Jamie, is there anything concerning in the markets . Im thinking we had tremendous leadership for most of the year from apple its down 5 for the month here. It had been one of the stellar performers in tech, tech being a stellar performer overall in the markets. Are you worried about the rotation were seeing could cause some hiccups im not in particular apple. I think when you introduce two phones at a time and you introduce a new concept phone with the apple iphone x you are not going to see a phone with a small improvement over the iphone 7 you should not pay much attention to it until after the release of the iphone x. The russell 2000 is up 100 points in 30 days. Thats a pretty stellar run for that index it wouldnt surprise me to go back to general markets to see a little pull back here. Thats kind of unprecedented to have that type of move in the russell 2000 in a small time even off a small correction. I think were sort of due for a correction of a little bit more magnitude than what weve seen we have sectors like high yield that are clearly over valued you have fully valued markets. You have a lot of really crazy things going on in the marketplace. I think its high time that people should prepare themselves for that correction. You both are sort of on the same page in terms of seeing a pull back. Which sectors are most vulnerable at this point if we do see that pull back . I think were seeing a little bit of an internal rotation where energies an