Ft 100 of fractionally. Asia overnight markets are lower with the exception of japan which was up about a fraction. Devastation in puerto rico. The entire island this morning is about power after Hurricane Maria slammed catastrophic flooding. Very serious. Both territories are basically without power and will be for a very long time. They both had very fragile power systems. We dont have a good handle on the search and rescue at this point from the standpoint of fatalities were people trapped theater folks are moving out as soon as the weather allows encoding to be performing delayed safety missions. Maria we are following marias path as the storm battered the dominican republic. A daring operation underway in mexico. Rescuers in a race against time this morning to free a little girl trapped under the rubble of her School Following tuesdays devastating earthquake. The latest from mexico city coming out. President trump continues to deliver strong message in your beard the commanderinchief with the latest in japan and south korea at the faceoff at the growing threats from north korea intensifies. The rising threat from the reason with new concerns surrounding iran this morning. Players left in shock after a foul ball strikes a young fan. More on her condition this morning and then you call first date and safety coming out. In this connection the cellular problems and mixed reviews questioning if its the right time to get the new apple watch. Weve got the issues around the new product coming out. All the stories this morning. Took me to talk about it, Dagen Mcdowell at the wall street journal Telecom Reporter and Real Clear Politics National political reporter kit political reporter caitlyn hughley burns is here. Good to see you. Good morning. Dagen so much to talk about. Maria i know it. Dagen the Federal Reserve moving ahead on tackling obamacare, which Mitch Mcconnell plans to vote next week. Tax reform, you know, that seems to be picking up steam. A lot in washington despite the fact the senate and house are at work right now. Maria youre absolutely right. The white house will come out with this plan attacks her for next week. What happens on both sides of the aisle in terms of the senate and the house. A lot of conversation this morning about the bill. Dagen absolutely in terms of what it will do. Any republican who doesnt get on board with it. I dont understand why they wouldnt, whether its a governor or someone in the senate simply because thats what conservatives preach. More controlled by your citizens in their respective state receive health care or at least the part of health care that government funded. I think you will be interesting. All i found lisa murkowski. Shes one of the three who voted to give the senate bill during the summer and shes the critical vote because rand paul despite [inaudible] the clock is ticking. Only a couple of weeks not even a couple of weeks by the end of the month. This is totally putting a lot of pressure on them. Maria talking about all of the above coming up. Congresswoman Jennifer Gonzales will join us again. Puerto rico congressman ron desantis is going to weigh in on all of that. And Mohammed Al Arian is here plus the resources ceo of bread quash it is here and professional bull rider Matt Triplett will join us. All that coming up this morning here. Securities and Exchange Commission now saying that cybercriminals hacked into the agency files last year access information that may have been used to give them a secret edge in trading. Jay clayton says his agency learned last month previously detected they provide the basis for illicit gain adding specifically to test failing component which was patched promptly at the discovery and exploited, resulted in access to nonpublic information. The wall street journals Global Economics editor Jon Hilsenrath are not. Good to see you. Thanks for joining us. Lets go right here then i will ask about the fed. We are still finding out what is interesting is this happen in 2016 and we are just learning about it now. What we think happened here is hackers got into filing system through which companies can put out all of the reports, 10 k. , Quarterly Reports on a new report and theres a number of Different Things that mightve happened. Hackers might have been able to get their hands on this information and trade on it before it got out in public. You know, its also possible as sec chairman clayton says that they can sometimes put out false statement. But there was a case a few years ago for a trader in bulgaria put out a statement about a takeover offer on avon and was able to make a few thousand dollars. The author never happen. It was fate. He traded on the uptake on that. You know, Willie Sutton once said he brought back more than money is. But were seeing right now is forever the information has come at us for hackers weve got equifax and now the sec. Maria debut for more more than four months before security uncovered the mass data breach. In terms of its echo effect story, this is getting worse. Yeah, it sounds like what happened that this is part of the game hackers play, but basically they got into the system in march of this of worked around for a few months. We described in our story of someone breaking into an office and tried to find the doors were the knobs are unlocked. They looked around until they could get their hands on this trove of information worth 140 million individual files. That is the latest story there. Going on for months before they found out about it. Maria obviously yesterday the fed announcing they will start cutting the 4. 5 trillion Balance Sheet of bonds and other securities next month nearly a decade after the financial crisis in a generation. Gina gallant in the economy right now. I want to get your reaction. The decisions that weve made this year and our Balance Sheet or ones with taken because we feel the u. S. Economy is performing well. Maria the market seemed to feel that way as well, john. Absolutely. Look, the Unemployment Rate down Unemployment Rate data for. 44 . Broader measures include people working part time for coming down also. The economy is on track to grow more than 2 this year. It is doing pretty well. One hang up the fed has despite the fact the Economy Senate predicted track, were not getting a lot of inflation. People say why tight Monetary Policy when theres no inflation. They think if they dont move now to look at some financial bubble and they dont want to be behind the curve so they are taking these steps now. Maria based on what was seen in the market reaction, the dow and s p 500 hitting alltime highs yesterday with some of a selloff in treasury bonds, the deal going up more yesterday. Does that send the signal to lease when you watch the fixed income market that faster growth is expect to despite the unwind or investors worried about disruption to those bond markets where you dont have a lot of liquidity to the financial crisis because of regulations and investors worry there is some major shakeup at the fed is unwinding the 4. 5 trillion portfolio. Dagen you know, we had this event a few years ago called the tape called the taper tantrum with the fed was sending out signals it would stop buying bonds in the bond markets not only in the u. S. But all over the world. They have been so transparent with that, signaling this for so long that theres no sign of that happening right now im not one of the reasons why we are seeing stocks at new highs. A fire at the fed, the thing i would be worried about is not the taper tantrum, but what happened in the mid2000 which is the conundrum. They started raising rates and bond yields fell instead of rows and we ended up getting a housing bubble out of that. I think the word has to be the fed doesnt move aggressively enough, yet the spot market remain as they are and we get the bubbles building. Dagen another thing that happened as the fed did that kind of easy kind of easy pc stairstep of Interest Rate increases. Wall street firms got even more creative coming up with ways to package mortgages and get people in when they couldnt afford the homes they were buying. That was a lot of Financial Engineering on behalf of false tree. Dagen, i think thats a really important point. The fed is doing the same thing again right now. They had this very easy pc policy back in the mid2000 or the signal very clearly every single step. It was extremely predict the ball in got complacent and you have to wonder whether the fed is so predict will now that the markets will get complacent and do all kinds of risktaking to end up causing trouble down the road. True three new balance as we watch this economy one step forward, two steps back in some regard. Good to see you. Thank you very much. Jon hilsenrath. Stories of survival after the earthquake in mexico city. Crews worked desperately to save a little girl trapped in the rubble and there is word that they are finding more children trapped alive. The apple watch, woes around the apple watch admitting that the new device which comes out tomorrow as a serious problem. We will tell you about it when we come back. Stay right with us. 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Maria welcome back. No power, Little Communications through puerto rico and rough shape after the fear. By Hurricane Maria. What are conditions like this morning, right . You are on the ground and send one right now. You might guess, i am. Things are still really rough. The entire island doesnt have power right now. Theres no power. They are down for most of the networks. A lot of these sort of neighborhood in the more rural areas are really devastated. Maria any thoughts on when things recover . Is it going to have to be rebuilt from the ground up and wonder thoughts in terms for how this takes . Its going to be a while. Talk to the governor prior to the storm and he was sober about it. Its going to take a long time, weeks. To rebuild part of the grid and restore power. Maria right, what are the next steps in terms of how the recovery begins . Right now i think people are mostly waiting for the flooding to really improve. We still have remnants of Hurricane Maria. So once it went down considerably in people at fenway source, there are actually a lot of u. S. Resources in the form of fema and Homeland Security and a lot of other supplies and not below mobilize. Maria will be watching. Thank you for the update. Richard is in san juan this morning. Desperate search and rescue operations underway in mexico after the powerful earthquake. Cheryl casone on that story. Crews in mexico working frantically looking for survivors. I want to show you this video. Rescuers trying to free a girl for the trapped rebel. 25 people including 21 children died at the school after an earthquake brought central mexico tuesday afternoon. These are live pictures of the rescue operations underway right now in mexico appeared hundreds of buildings have been destroyed in mexico city. More than 240 people overall have been killed in the region. These are live pictures were looking at right now. Its a frantic situation. It really is, maria. Everyone be quiet because theyve got the dogs that are there. If there is a sign of life, everyone gets quiet. They try to yell out to the people underneath. It is heartbreaking, frankly. Weve got something in new york. The new york yankees did beat the twins 113. That was overshadowed by an injury in the stands pretty young girl and a lower the mercy at Yankee Stadium was hit in the face by 105mile per hour wind drive. Also third baseman todd frazier. The game was delayed about five minutes as medics tended to her. She was taken to the hospital. Her father later said it was too early to know she would need surgery. Players themselves really upset by what happened in the stands at Yankee Stadium. A lot of the motion. Finally, leaving you with this. A big problem with apple smart watch but not the shelf yet. Website which was a 399 watch that loses contact committee. Basically when the watch connects to open Wifi Networks the user has been on before, maybe hotel or coffee shop, you cant make a cell phone call, you cant text message. Thats the whole point of the watch. They will fix it. Treat to share a common thank you for that. You follow telecom and technology. Big deal here . The watch that does the people when you think about health care. This one has a cell chip in it so you can leave your phone at home, go for a run, go for a hike. The reviewers got their hands on early models in the wall street journal fun when they would leave their phones behind it was a connecting all the time. During the one thing he needed to do wasnt working. Maria thats going to be a problem. Big problem. Maria are you going to get the apple watch . Dagen no. But what of my friends bored old one and fell in love with it. Not someone youd expect like an apple watch. Attracts your heart rate and its supposed to monitor their spikes in your heartbeat outside of exercise so you can maybe find health problems. Maria monitoring your glucose in all sorts of things monitored. Well talk about that this morning. The president meets with leaders of afghanistan, ukraine and south korea. The president revealing his beta decision on the about era iran nuclear deal. Well get into that. Plus im using Artificial Intelligence to make lifesaving drugs. How can cut production time and cost next. A. I. In virtually every industry. Back in a moment. Im ryan and i quit smoking with chantix. I tried to quit cold turkey. I tried to quit with the patch; that didnt work. Along with support, Chantix Varenicline is proven to help people quit smoking. For me, chantix worked. It reduced my urge to smoke. Compared to the nicotine patch, chantix helped significantly more people quit smoking. When you try to quit smoking, with or without chantix, you may have nicotine withdrawal symptoms. Some people had changes in behavior or thinking, aggression, hostility, agitation, depressed mood or suicidal thoughts or actions with chantix. Serious side effects may include seizures, new or worse heart or blood vessel problems, sleepwalking or allergic and skin reactions which can be lifethreatening. Stop chantix and get help right away if you have any of these. Tell your Healthcare Provider if youve had depression or other Mental Health problems. Decrease alcohol use while taking chantix. Use caution when driving or operating machinery. The most common side effect is nausea. Im so proud to be a nonsmoker. Ask your doctor if chantix is right for you. Many insurance plans cover chantix for a low or 0 copay. But maria Artificial Intelligence breaking new ground in medicine. The cost of developing the legal pharmaceutical drug exceeds 2. 6 billion for Companies Including birth are using a to cut the expense, cost and time that it takes to create new drugs. Here to tell us about it is the ceo of earth. Good to see you. Thanks for being here. Tell us about the company and the interactive biology platform. It the bio pharma company. We are the First Company in to use a. I. Artificial intelligence used in biology is bringing together all of the data and analytics that are helping us drive more of an understanding and patience. Based on the understanding we are able to develop drugs and diagnostics. We announced our partnership with the department of defense firstever a. I. Driven product and diagnostics, which is able to help the dock during patient understand the difference between an enlarged over nine hyper coffee and Prostate Cancer. Right now the only way to determine if a person has a Prostate Cancer or bpa is to do a biopsy and biopsy as you all know are very unsafe. Unfortunately, the side effects can be and the tens or infections. The cost of determining if they have a Prostate Cancer is very high. But they are able to do three simple in a much less invasive manner, much more specific manner to determine if he has a higher chance of Prostate Cancer. Why is it more difficult . Maria faster. Exactly. Human biology in and of itself is extremely complex. For us to process the amount of data in the time it needs to be processed is not possible by the brain. Secondly, by using a. I. , it helps us develop hypocrisies and be more precise. It helps us to understand the areas in the biology with things have gone wrong and help us deliver the drugs and diagnostics in a much more effective way. Dagen this test