Nasdaq up by almost 10 points. S p down by a point. This comes after the markets closed at record highs again the longest streak of record closes for the s p 500 in years, going back to 97 or something and its six in a row, but remember two weeks ago and three weeks ago and four weeks ago, we were saying how many records there were back then this one didnt start until last thursday so the one that takes us back to 1997 it was 130 points yesterday on the dow or 113 after all these moves. 22,775, almost 23,000 on the dow. The s p 2552 and since the election, its 24 . 25 since the election 25 after yesterday widely predicted by so many if you want to see what happened overnight in asia, lets look the nikkei was up by 0. 3 , similar gain for the hang seng the kospi was up by 0. 9 in the early trading were already seeing taking place in europe, you can see things are mixed. The dax is slightly positive the cac is weaker. The ftse is up by a quarter percentage point stocks are weaker in italy and in spain news breaking just earlier this morning the International Campaign to abolish Nuclear Weapons has won the nobel prize. The group was honored for its work to advance negotiations that led to a u. N. Treaty in july costco reporting better than expected results, but the stock falling short. The company beat on both the top and bottom lines, comp sales topped forecasts ecommerce sales rose 13 . Gross margins slid in the fourth quarter. Those were two metrics analysts were watching closely after amazons acquisition of whole foods that stock down about 2. 5 in the premarket nobel week is always interesting. I knew there were 350 nominees for the nobel peace prize. There was conjecture that maybe the for a while it might be john kerry along with his eu counterpart in the iranian individuals involved in that it would have been interesting if the weekend before certification they gave that out. Not weirder than some previous political peace prizes that have been given out also Leonardo Dicaprio supposedly was one of the nominees i kid you not. Out of the 300, trump was a nominee, too i like this choice. I do, too focusing on theres been some interesting ones in the past al gore, barack obama. I dont know if he was president yet. Was he i think he was. Just had been in the job for a week or something. Its weird very political i love you werent here, but we talked about literature i dont know if you saw it i talked about it a month or two ago. Remains of the day anthony hopkins, Emma Thompson the literary version of it. But with anthony hopkins, you have someone like that or Emma Thompson, you can take a work of fiction that is in print and it comes alive with them. Anthony hopkins was amazing in that any way, he won. Its always the one from medicine im interested in you like certain prizes the ones that are real. Its weird, someone talked alfred nobel into doing the peace prize. You know his most famous invention, dynamite. A counter he said that might be a good idea a counterbalance. I did not know that thats fascinating you have come back with a new attitude something i told you interesting im learning something. Im being educated this could be the beginning of beautiful could be. Did you land between the coasts or something . You didnt land between the coasts san francisco, new york, boston. San francisco, l. A. Cambridge cambridge, m. I. T. New york thats not as bad that was not the peoples republic all right. Good good getting off to a good start. But its friday. On monday it all will be back to right . Jobs friday it is jobs friday other stocks to watch, yum chinas Third Quarter earnings missed forecasts, though revenue beat samestore sales rose 6 the fast food chain also the ceo who has led the Company Since the spinoff from yum brands will be stepping down. He will be replaced by yum chinas coo. Disney and altice finalized a new programming deal to help espn and other channels in millions of households in the new york city area disney threatened to pull channels from altices optimum Cable Services before the two sides reached an agreement. Thats a big deal in cable land there was a question mark what it would looks like to have skinny bundles without an espn and channels, and whether other channels would get into this skirmish this ends that for now for now yesterday you could have helped Ben Silverman was here is a podcast just audio . It is at the moment so a podcast that was successful called lure, which is really scary, which i love so for halloween or the 13th october 13th. In video form it will be streaming on Amazon Amazon prime offering a video podcast i think it used to be an audio podcast they made a show out of it. But this is happening more and more gimlet media, a whole series of podcast producers you could have brought all this this is like me telling you about dynamite were all just learning a little bit. We all have our own role to play was did you pigeonhole me into shopping Breast Feeding and shopping are my fields of expertise thats not what i meant you know, ill be like cam newton thats not what i meant. Youre great at this dont get me i was not pigeonholing you into that at all sorry this is offcamera stuff working its way on you just had another baby, okay i did by the way, i am an expert at. You leave the set at the end of every segment, lets do the jumble where is she why did i ask. And calstrs says they will support the nomination of nelson peltz to Procter Gambles board. The pension fund giant holds nearly 5. 6 million shares of p g. Calstrs has been an investor with peltzs firm since 2011 hes going to join us. I hope youre ready for this very ready. Very excited ive been talking to all sorts of people. October 10th is a big deal. Thats the vote they never win, do they theres a lot of Retail Investors in this. This is about as close i was on the phone with a lot of people this is about as close as it gets in terms of the way the vote is going down a lot of nobody will know. Sometimes you dont know until 22 2 00 in the morning. This could be hanging chads. Cha clos cha th that close knowing p g, workers go with Management Management and former management has come out and laid down the line. Also we have this from the lead director on the board, he is talking about how they just say that they respect him, they think hes a respected investor, but theyre willing to listen to him, they dont think it makes the point he should be on the board. I wanted you to get at least you dont want do it before peltz comes on. What do you think the numbers will be . Legitimately very close so not 9010. Nothing like that no no three major shareholders, the p biggest of the big you have to get two of the three. So the question is how thats going to go down well talk to nelson about all of this. Okay. We want to get to washington, some ominous words from President Trump yesterday after he met with top military officials on iran and north korea. Eamon javers has more from washington a man who i saw in boston 24 hours ago. Frnls boun last night a cryptic comment from President Trump this was after they had given whats called a lid at the white house, so they tell the reporters no more news for tonight. Everybody can go home. After that, the white house summoned reporters who remained in the press Briefing Room and said come in, the president is having a dinner with military leaders. There was a fivepiece marine corps band a formal and elegant affair. The president decided to open that up to reporters, then the president made a comment about what this military gathering at the white house might prestage. Heres that moment last night. You guys know what this represents tell us, sir. Maybe its the calm before the storm. Whats the storm . Could be the calm before the storm. What storm, mr. President youll find out so the president saying that the gathering with military leaders at the white house might represent the calm before the storm. Asked what storm hes talking about, the president said youll find out so, not clear exactly what the president was referencing there. But this comes after a week in which the president sort of rebuked his own secretary of state, saying that he was wasting his time trying to negotiate with north korea there could be something that the president is contemplating there. But theres so many flash points around the world, its difficult to say what the president was referring about. He could be talking about iran, syria, even venezuela where they talked about the option of military force not clear at all well try to pin the white house down more on what the president was talking about last night that sets the stage today. We saw some insight into his thinking when he said heard him say, yeah, make them think im crazy. I can do anything at any time with this korean i think its similar to that if it was directed at north korea, its like you know this got back to them immediately. Theyre like what does this mean the North Koreans are unsettled about President Trump. Thats what i mean. Theyve been doing research, trying to figure out how to understand him psychologically i dont think the white house minds that they like the idea that the north koreaens are rattles, uncertain, there could be some conniving going on here, Good Cop Bad Cop strategy in terms of dealing with kim jongun it was one of those things where reporters left the room scratching their head. Right the other thing i would say, this president likes the idea of suspense with his presidency he likes to do what we call in tv as a tease. Throw an idea out there, youll see whats coming. Its coming next hes always hinting that he has knowledge that the reporters dont have everybody has to stay tuned. Theres sort of a reality tv element of the way the president conducts the presidency. Gets people to talk about it like were doing now theres a method here to whats going on you almost said method to the madness. Almost did. Did not say that. Definitely a method to to what the president is doing hes conducting the presidency in a way where he is getting a lot of attention all the time. Dominating the news cycle, thats part of the way he wants to do this in the white house. Well see its friday. Well see. We have some guy we have Robert Kaplan coming on, a sitting fed president after the jobs report. Immediately after immediately after i will watch both of those. You got me hooked. This could be the calm before the jobs report storm. We have nelson peltz on october 10th is the storm, right . This is the last business day. Monday is a holiday for banks, columbus day is it it is markets are open banks are closed schools are closed some schools are closed. Do they call it that anymore . I do. I dont want to get i dont want to trigger anyone andrew is back, well Start Talking about columbus you think thats smart thank you. Theyre guarding that beautiful up at you just lost your mic. Columbus circle i think its called Something Else now it was changed to some other name Columbus Circle to me you are stepping out, my man. You are ive lived in the city a long time its Columbus Circle you are unusually timid i know. The september jobs report is due out in a couple of hours many expecting the recent hurricanes to show up in the hiring data. Joining us now is seth carpenter, u. S. Chief economist at ubs, and chris rupkey from mufg welcome. Chris, whats your prediction . I put zero. Zero . Nothing no jobs. Its a onemonth thing its a bit of a tease. Yeah. After hurricane katrina, it was 2005, thats a long time ago, it actually fell 35,000 i dont think its about jobs today. Its more any signs of inflation in the report. Thats what youre watching closely. Seth, how about you . Totally agree a big drag, but we wrote down 125,000 this is one time i often get the question, if you could only look at one Economic Indicator what would it be usually the jobs report, but this months doesnt matter we have a drag of about 55,000 from the hurricanes. Theres so many assumptions that they have to rely on we wont know real information until a couple weeks well get the state level data if you see a huge drag from texas, thats part of whats going on with the hurricane. If everything looks evenly distributed, you can do more terntation interpretation. Lets talk about something much more interesting, the next fed chair. Nomura is out this morning handicapping saying they think it will be kevin warsh, a 40 chance that its warsh, 20 chance for powell, 20 chance for janet yellen, and 10 chance for gary cohn what what do you think . Its hard to put probabilities on that. They had nothing over 50 10 other nobody over 50 . Nobody as a favorite . Thats tuned 40 that means its more likely hes not going to be than he is going to be. Okay. But this is not a tiger woods field scenario thats a 60 chance of Something Else theyre putting leading odds on kevin warsh give me a 51 whats interesting, they give janet yellen as much of a chain as powell. Im convinced he will want somebody dovish. Thats yellen or powell not warsh. Thats why i was surprised to see thats their take and theresalysts who have different versions of this. Let me ask you why you think janet yellen is a dovish central banker its the common theme but a different version is look where the inflation rate is now. The fed is on a hiking path. Inflation is she continued emergency policies eight years into a recovery from the event. It took her two years before she decided to wouldnt the dovishness mean shes doing it because inflation is not a big deal . This fed is hiking when inflation is low she changed her tune in the last six months. I think they should do jobs is low inflation bad i dont think we understand with the way tech makes everything cheaper and amazon makes everything cheaper and walmart i dont even believe the nominal numbers. It should just be about jobs. Wlofrnlgts do what do you think, the next fed claire. Chair we have a populist president so warsh coming up, we will talk ads did you see the president s cup . The founder of wheels up, when you put your stuff in a luggage thing in newark airport, you stare at a wheels up ad. The company has news about a big round of Funding Details next its what this country is made of. But right now, our bond is fraying. How do we get back to us . The y fills the gaps. And bridges our divides. Donate to your local y today. Because where theres a y, theres an us. Its a warm blanket. Its a bottle of clean water. Its a roof and a bed. Its knowing someone cares. 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. Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. Wheels up raising over 200 million of capital joining us to tell us more is kenny dicter of wheels up. Last time you were involved with try doing this with blue hchip investors, its always in a company thats not public yet that was started three, four years ago . Four. Has it been four years . Right here. Yes, sir. Who are the blue chip type people recognize these names who gave you the 200 million led by current investors and really unbelievable supporters, t. Rowe price and fidelity, also Tony Florence who did the jet. Com deal hes in there as well. We added a few additional institutions kkr did the did the debt. 2 200 million of new capital, Growth Capital a lot of things to do with it. Western europe, digital, other initiatives to accelerate the growth but a billion dollars what do you mean digital booking stuff online whatyeah what you want do is make it easier for people to interface with us. How do we automate and make it more simple . Wheels up will use some of this Growth Capital to accelerate digital programming. At this point, you fly the mainstay the king air, a turboprop for flights. If they want to go from teterboro to nantucket 80 of flights in north america and 85 of flights in western europe are less than two hours in length. If tom price had a wheels up card t wouldnt have been a million dollars. Everybody in trumps cabinet should have wheels up. The administration should have wheels up. It wouldnt even show up. But its still expensive look at ge, they announced theyre closing their Flight Department getting rid of company cars for Senior Executives. Should be wheeled up at uber. When you read a story like that, do you go straight to them of course whats happening . I think its a big trend. You dont want to be flying a gulf stream to dc. We saw what happened with the car companies. Ultimately the king air is the vehicle, if you have to get from a, b, to c in a day, everybody company should have wheels up. I assume your business is tied to the cycle and tied to the markets. Its a little counter intuitive. Theres going to be a massive trade down if the markets come off, the king air will be the new gulf stream 5 so were the last stop before you go to laguardia, ohare, kennedy. Youre the home tdepot in a housing downturn theres no way executives to use the commercial system to hit two, three cities in a day what percent of your business is an individual business, what percentage is corporate . I would say 65 of our flying is individual. But theres some corporate in that individual thats entrepreneurs. That are expensing back to the business in. 35 of the flying is corporate. I think we would like to get to 50 50, get that count up i think until you get scale, which is where we are now, thats when the corporate Flight Departments