Transcripts For CNBC Squawk Box 20160926 : vimarsana.com

CNBC Squawk Box September 26, 2016

1. 75 . And in europe in the early trading there, very similar trends. Dax down by 1. 5 . The cac off by 1. 75 . And the ftse 100 down by 1. 25 . Wti is up by 30 cents. Of course, we did see give back at the end of last week with wti pushing back near 44. 78. A couple big stories we are watching today on the economic calendar, we are looking for august new home sales out at 10 00 a. M. Eastern time. The fed officials are speaking today. The minneapolis fed press Neel Kashkari and dallas fed press rob kaplan. And well hear from Carnival Cruise lines and vail resorts. And then the big geopolitical plan from the boj. They are ready to use every tool to hit the inflation target. Theres no limit to Monetary Policy and that in designing policy the boj will relentlessly pursue innovation. Im not sure what all that means, but nevertheless, well talk about Deutsche Bank today. The shares of Deutsche Bank tumble to a record low according to a report in the german magazine focusing that Angela Merkel ruled out state assistance for the lender and rejected interference into the firm. The doj wants Deutsche Bank to pay 14 billion for issuing and distributing residential mortgagebacked securities between 2005 and 2007. The bank saying it is not planning to settle at anywhere near that number. Well see. And in the sports world, they are mourning the loss of golf legend Arnold Palmer who died yesterday at the age of 87. Due to complications from heart problems. He won 62 pga titles, 7 major championships, 4 masters and also ranks as one of probably well, it says here one of the most important figures in golf history. There are many but few broader into the modern age to make it cool. Its tough to with the white belts and the plaid pants and some of the overweight guys, i mean, arnie was like i read his books and met him a few times and played a round of golf with him once, and even in the book that he talks a lot about his dad, obviously he was a huge influence on him, but he said every shot that he hit he tried to hit into the hole. And its like if its a 600yard hole, you cant really hit your drive into the hole. But he still was trying to hit it into the hole. He was amazing and iconic and everything else. Anyway, well talk about that. He turned the becagame into a muchwatched event on television, for some people. Jack nicklaus wrote, he was more than a golfer, even a great golfer. He was an icon, he was the king of our sport. And he always will be. Well have much more on Arnold Palmers life and legacy later in the show. And i talked to johnny bench a couple months ago who said arnie was not doing if you saw the masters, he didnt look as good as he has. But hes 87 years old. He had a battle with Prostate Cancer 16, 17 years ago, i think. And that caused some scares at the time that we would lose the king. It was great to see him all the time, such a regular. The thing we used to talk about, it was his enduring ability to be someone that could come and sit and represent a product. It was 25 years after he won a tournament, 30 years after he won a tournament, lets get arnie to because hes classy. He was. He flew his own jet around. When he went places, he would fly. What was it like playing golf with him . He was great. He was my partner, too. Did he offer any tips . I was with him a few other times going to bay hill, and i was on the range with him, we just we had fun. And we were playing two really good golfers. Im not going to say whether we won or not, i dont remember exactly what happened. Come on, man. It was Arnold Palmer. I kind of remember we might have been one down, but im telling you when i was saying ripe old age, i used to say 87 was a ripe old gauage and its getting to be that way the older i get. But he led a great life, obviously. Ive never been a golfer, thats not my sport. But when i was growing up as a kid, i just grew up to learn that that was the good guy. That was the guy that i was rooting for. And by the time that i was conscious of what was happening, nicklaus was beating him at the major tournaments. But arnie was the guy who inspired the spirit. Arnie would have won five more majors but he just never if there was any way not to do something crazy well lets just play youre ahead, he just never did. There was one particular u. S. Open where he had a ball on a rock and still decided he did lose a couple tournaments from just being so aggressive all the time. Mickelson is the same way now. Hes still endorsing products, like there are commercials on that will be taken off the air right now, yeah. Kevin nielen and others. We have not officially introduced him, but john harwood is here. Hell be there at the debate. Im declaring this coffee in honorary memory of or nouArnold Palmer. Tell us where we are. The polls are closer than ever. I wouldnt say closer than ever but it is reasonably close. Hillary clinton is ahead. I saw a National Poll overnight showing that donald trump was ahead by a point. I dont know what poll that is, but the polls that ive seen that to me have a track record suggest that she is slightly ahead. Our poll last week, we had her plus six among likely voters. The abc News Washington news poll had her up two. Thats within the margin of error. 4. 5 is the margin of error in the Washington Post poll. Right. But you put those two together and you say, okay, maybe it is plus four. You look at nate silver and all he needs is colorado according to the thing at the bottom. And there are some polls that have him ahead in colorado. It is possible for him to win the election. Im not saying it isnt. But he does need to make something happen. I think so. I wouldnt go into that debate with that mindset at all. The momentum has been his all along here in the last two weeks. As colorado gets closer what was the number . Per day she has outspent him on, 650,000 a day or more and its still where it is right now . Well, look, well see. Shes got the shes got the more sophisticated campaign. Shes got more resources. She is outspending him. And i think that presumption of both parties look, they are ron stage together. Speak about debate prep. Im curious how both of them have gone about it, because i imagine they are wildly different. Well, to me the thing that is most hilarious about Hillary Clintons debate prep is the person playing donald trump, and that is felipe rains, a longtime aide of Hillary Clinton. Who has has much contempt for the press as donald trump has right now. So he was in character. But they put him opposite Hillary Clinton because hes not scared of her. Hes been with her forever and can throw anything at her. So presumably she has heard about the worst that she might get on the debate stage. Did he even do this . He has done a more looser form of debate prep. I dont think he has sat for mock debates in the same way that she has. But look, donald trump hes been on television for a long time. He is skilled in front of a camera. He showed that during the primaries. This is a different animal from what he experienced during the primary debates. There was a ton of people on stage with him. Time was very short. Now hes got to fill more time and thats not the friend of somebody who doesnt have deep knowledge. So my guess is that he has been preparing more substantive answers on policy so that he can come across as his principal challenge to persuade some quantum of people, mostly White College educated voter, that he has the temperament and the ability to serve as president. And that is going to reflect tell us about this Gennifer Flowers mark cuban nonsense. Mark cuban was announced by the Clinton Campaign as somebody who is going to be sitting in the debate audience because hes another billionaire, he needles trump, that is kind of a little psychological warfare thing. So donald trump said maybe ill have Gennifer Flowers and she said on twitter, oh, yes, im coming. Its a weird situation. Personally, ill be surprised if shes there. But the way that the Trump Campaign denied it was, if shes there, shes not going to be our guest. So shell be somebody elses guest, i dont know. Do you think it will be a circus tonight or what . I dont think so, actually. Look, there is 90 minutes before an enormous audience. This is the biggest audience that either one of them has been in front of in the campaign. Super bowl sized audience. Or that has ever watched a president ial election. Thats right. And i think that, in itself, imposes a certain hype on the moment. When you get close to the president ial election, viewers see this differently. Its a much more serious situation. So i dont think this is going to be a crazy food fight. If it is, ill be back here tomorrow morning and be surprised. Juanita broderick said she wanted to come. Paula jones said, what about me . Which is a song. An Kathleen Willie said if they brought all the clinton sex assault victims, it wouldnt be just the front row but the whole audience. Thats a scuttlebutt. There was no press release about that, if i remember. I dont think the clintons addressed didnt clinton put out a press release around the flowers thing . A statement yesterday . Well against Donald Trumps . Well, youre only divulge it from the Clinton Press releases, is that where you get your info . No, but the other parts was donald trump tweeting about the others . It was around. I dont know if he tweeted about it, but he tweeted about her. Its been around in his twitter feed. Thats right. Many people are saying its a story on brunch. I can show you where it came from if you would like to see it. I will when you check Huffington Post just go to drudge and see what is there. Paula jones, Kathie Willie you didnt see any of that, honestly . I see Gennifer Flowers. But that to me is them saying that. That is who saying that . That is paula jones saying why didnt you invite me. Thats what i said. I didnt say trump invited them. Just remember, Hillary Clinton was never higher in the polls than when attention was drawn to her husbands infidelities. So the idea that you dont know why that is. The Trump Campaign would want to turn her into there were a lot of other things happening in the campaign at the time. Bill clintons ratings were high, too. Since were a Business Network talking about the elections, the wall street journal had a piece over the weekend about those who donated to Hillary Clinton and trump in the business community. And one of the things cnbc had a fascinating piece on this, of the top fortune 100 ceos, not one of them, joseph, and this is fascinating to me, not one donated to donald trump. Peter teal who spoke at the Republican National convention Hillary Clinton has 11. Mitt romney had 28. Doesnt that Say Something. You talk about a guy who is a Business Leader and a republican on the major policy issues, on the major policy issues you would think would be good for business. Thats what the whole concept of the whole thing is. Youre putting a false narrative in there. Anyone with a fortune 100 Company Knows that trumps reputation is going to distance themselves because they are half democrats. They dont necessarily contribute to Hillary Clinton either. This is a much more politicized election, i think. People are afraid to stick their noses in. On either side. Andrew wouldnt put up a false narrative. Im just suggesting andrew, you say it confirms your report. You are not out over your skis on that. We knew that. That wasnt like some groundbreaking reporting that youre doing. The fortune 100 executives werent contributing. And we know that. Did you read the comments . Yes. You see how perfectly pr ready those comments were . For a Multinational Company that has across the board clients . All im suggesting is that all im suggesting is that donald trump has run his campaign on a large part of the idea that hes a successful businessman and understands business, that hes good for the economy and good for business. Hes run against a accomplishment corporate cronyism. Youre both right. And you pointed it out all along. Youre both right. Theres no question that Major Corporate executives in the United States do not want donald trump to be president. Theres no question about it. There are a few republicans that dont want john, it used to be 70 republicans. Now most people are tied with 90 republican support for trump. Yes. Thats where donald thats how donald trump has gotten closer. Hes beating mitt romney in some areas. Some of the polls are done by very different pollsters. So, for example, tour poll show Hillary Clinton doing well among noncollege white voters but not as well as romney did. The poll sofr the weekend showed him doing better. These are relatively small sizes when you get to the National Polls. Theres some variation. We dont know. Hes never been a ceo, never been running as that, hes more of a founder, sble p entrepren ceos dont look at donald trump like that. They see him as a bit of a faker, you know, show boat, whatever. More of an unknown quantity. All of that. But its also, related to the unknown quality, is that there is no doubt that Hillary Clinton is if youre looking for safety and stability, Hillary Clinton is the candidate. Shes somebody whose husband was president for eight years and part of the last administration, there was less of an uncertainty. We talk about the uncertainty a lot. Probably the best known ceo ever. Welch was with a list of reasons why he supports donald trump. Theres one that gave you theres some. Theres a list of reasons. And also, the guy is from harvard that was here. Who can say you dont need to undercut welch at this point hardwood. The Harvard Business school could be part of the disruption. Of the disruption, absolutely. John, great to see you. The only disrupter on this set is becky quick. We will see you tonight live watching this. And hopefully well see you again postgame tomorrow morning. Im tired already. After being out three days, i have read the tweets and had a lot of hefty lifting when i got back here. The debate begins at 9 00 p. M. Here on cnbc. A lot of heavy lifting. Im exhausted. Anyway, tonights debate could have an impact on the markets where the strategist from ubs and howard lynch are. The u. S. Equity futures are tracking what is happening in europe but not quite as bad in europe down 70. Squawk box will be right back. Im anne. Im a scientist. Why dont you let me. And me. Help you out . Youre gonna hear what i say. I love taking stuff apart and building new things out of it. Anne pals my most advanced annedroid. [gasps] this is awesome. Oh anne you havent seen anything yet. Announcer give your Cardboard Box another life. Welcome back, everybody. We have a few stocks to watch today. Germanys lanxess is buying chemtura at a have of 2. 7 billion. Lanxess will pay 33. 50 a share. Thats a premium of 19 . The deal will expand lanxess businesses in lubricants and flame retardants. And samsung is delaying the sale of the new smartphone to october 1st. The moves are necessary to complete the ongoing recall of that device. As you probably know, samsung recalled 2. 5 million of the galaxy 7 note. And barrons says cbs will have considerable leverage with the Growth Prospects as bright as viacom is dark. They make a big play. They have it totally powered down. They actually say if you have a samsung note 7, please power it down. It cannot be on. And i was going to help her walk along. If they are totally powered down, they dont go off . Nothing happens . Is that for sure . We can only hope. Anyway, in an election season full of unknowns, we are just hours away from learning how the first president ial debate will shakeup the markets. Joining us for a look at how investors are factoring in the two candidates, Maryann Bartles is here. I would rather talk about the lead story in the journal that S P Companies are reporting falling profits. Japan feels better and will do whatever it takes to be generous on inflation. Has it been 20 years they have been failing . Has it really been that long . Any confidence that they have the ability to manage the inflation of 2 . In japan . Yeah. The focus on the yield serve there is hopefully going to be more than pension companies, things like that. The demographics are rough and really to overcome. Its not the ghost of christmas future, is that what were facing today . We are in much better shape. Can we do it . Is it possible to central bankers to change the way they are, not just the way they look at this point. Which central bank, jeff in our bank, japans bank im talking about general inflation here. Can we get under 2 . How much q e do we have . We are not back there because of the banks. We have a lot of money sitting around, sloshing around, but it is not moving. So the banks say its the lack of demand from companies that want to do that. The business investment, Capital Investment is well below what we would have expected. Youre absolutely right. The real cap at the lack of confidenc

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