uncertainty, not that they can t get cheap capital. let s talk more about this and the politics for the president. a white house reporter interest the post, and jeff mason joins us. jeff, let me begin with this. up until a few hours ago, so overnight last night, hashtag trump rusession was trending on twitter. and axios was reporting this morning a source close to the president told jonathan swan there i m very worried about the latest economic data. all of us are concerned with the narrative. he can t win. there s reason to be concerned. number one, if the president has made the economy and the stock market in particular one of the measures of this success, so the fact the market took such a dive yesterday and the fact there are concerns about a recession just hangs over his message, his sort of main this is my go-to reason
next hour or so. you re seeing the senate you see the senate doing both the prayer, followed by the pledge of allegiance. we expect that to be fol lowelled by senator mitch mcconnell speaking before we around 10:30 or so get the first vote on judge kavanaugh s nomination. that will essentially be the cloture vote to end the debate on his confirmation process triggering the remaining 30 hours or so. so we will dip into that as the senators begin to take the podium. as they make any comments over the course over the next several hours. time now for money, power and politics. the markets just opened up. we re watching for the impact of the september jobs report. just out this morning. employered ps added 134,000 jobs last month. and the unemployment rate fell to 3.7%. that s the lowest level since december of 1969. the president tweeting about that this morning already. those numbers coming after the market took a bit of a dive
i just think that this conversation has become a little ridiculous when we re putting mechani maxine waters and donald trump s rhetoric on the same level. shannon, we only have 15 seconds but what s about the next step for this white house and where do they go? because they went like that from we need to get this immigration plan fixed to let s wait until after november. i mean, the ball is in congress s court now and it doesn t look like anything is going to happen. they have signed this executive order which gives them 20 days where these children can be held under the law and the big question we were asking yesterday is what happens after that 20 days and they have no answer to that at this point. shannon, thank you so much. my panel is going to stick around. thank you very much. up next, the stock markets took a dive yesterday. big time. fear and confusion escalate over president trump s trade wars. so what did the president say last night that might have made things even w
fines as a result. everybody is keeping an eye on zuckerberg. the stakes are high. it s more than just politics. i want to go to wall street, what the dow is doing. up 380 points after it took the big dive yesterday because of the raid on michael cohen s office. and overnight then, chinese president xi jinping spoke at an international summit, easing some fears apparently of a trade war when he announced china would, quote, considerably reduce auto import tariffs and, at the same time, reduce import tariffs on some other products this year. let me bring in cnbc s dominic chu. looks like wall street sees that as a win. what s going on there? you just hit really the two main important driving factors that many traders cite about today s market and what the market has been over the last few weeks. and what is which is more important. the trade rhetoric from both president trump and his chinese counterpart xi jinping or the special counsel robert mueller s
biden. more on the rally tomorrow. we re also watching what s happening on wall street. stocks are trying to bounce back in its first 50 minutes of trading. the trade war sent the dow into a dive yesterday but the big board is showing it s up about 50 points, at least at this point. that s after china announced plans to retaliate against the united states. msnbc s david is live with the new york stock exchange. explain why the market is concerned about this potential escalating trade war? there s a lot less anxiety there was. the big dow up about a quarter. it was up higher this morning. when you go back to the length back in 2016, you remember how on lebs fight we saw a deep dive in the markets as the votes came in.