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Optimistic today. if they get some kind of trade deal that works for the united states, i think you will see a big reversal of the stock market slide and it will be jubilation in the stock market. so that is the upside potential. now, on the fed, this was what happened last week was what we in sports call an unforced error. >> on whose part? >> it was a decision by the fed. everyone agrees it was a catastrophic mistake. the fed should meet tomorrow and reverse that decision. i mean, there is no basis for the fed rate increase at a time when we have deflation in the economy. it makes no sense. ...

Can enforce no matter who is in the white house. >> blake: a cpa and small business advocate, he joins us here on labor day. high, thank you for coming in. >> good to see. >> blake: let's get to nafta. i want to put up a tree that the president said on this labor da labor day. it's a quote. "happy labor day, our country is doing better than ever before with an opponent setting record lows. the u.s. has tremendous upside potential as we go about fixing some of the worst trade deals ever made by any country in the world. big progress being made." does the president have it right, there? >> he re...

Activity, and they normally do heading into the holiday season. i don't see the good signs out there. i'm waiting to see something good, but right now i almost have to be bearish. >> all right, alan. what do you see? >> well, i think there is a way to go on the outside. we have a number of factors here. technically we've seen -- and for me it's all about price action. the market knows all the factors we just referred to, and we've had amazing recovery off the lows. we're back in the trading range where this breakout started. if you look at it, 2400 is the next upstarted target. that's 15% abov...

Interesting down there. >> can he realize his upside potential. thank you so much. >> as you just heard senator rubio is back in d.c. for talks about that nuclear deal with iran. the president meets across town with iraq's prime minister. we'll get you caught up on those important developments out of washington. and later, just weeks after angelina joe lee's powerful op-ed, another star reveals she had breast cancer and had a double mastectomy. >> plus a film sure to warm your heart, the legendary jane goodall will be right here with a scene at "monkey kingdom" yes, i am freaking out a little ...

Experts tell cnn money, no. the reason there are no great alternatives. bonds are expensive. no hit of a downturn for stocks anytime soon. just last week, we saw a strong jobs report. pending home sales, they saw their best gains in several years. for now, for now, this is the longest bull market since the 1980s. some are saying there might be more to go. >> still, the jobs report was good. >> it was good. the jobs report is a lagging indicator. the stock market is leading. the stock market anticipated the recovery. that's where you see the upside potential. >> very good. 12 minutes after the ...