Good friday morning. Welcome to squawk alley. I am Carl Quintanilla with jon fortt at post nine of the new york stock exchange. Morgan brennan is in simi valley at the Reagan National library we start with jobs numbers, sending stocks surging, near session highs, up 303 on the dow, flirting with 1 gains in the session. Joining us to morning, mike santoli covering the up swing in the best of both worlds. The market was craving a good number, good news is good news no implications for the fed trying to restrain things. It is interesting, you look at the week, we did a v in psychology and the stock market, a week ago yesterday hit the alltime high, 3150 in the s p 500. We ran into ism numbers that challenged the rally u. S. Growth close to 2 . Weaver an overbought market, little shakeout. Now it seems like numbers since then restored that premise that things are Getting Better or never got that bad as we thought late summer. The question now, we return to the highs. Still have valuation r
I dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job running a private equity firm. How do you define leadership . What is it that makes somebody tick . Let me go back to the beginning of golf. Im not a golfer. I took it up when i was nine. I quit when i was 10. Jack im not one anymore either. David you are pretty famous in golf. It was too frustrating. Why is it that so many people are addicted to something that is so humiliating and frustrating . The ball never goes where its supposed to go. Why are people so addicted to it . Jack thats a pretty good question. Pursuit ofrending an unattainable goal. David right. Jack you could trial your want try all you want. Nobody has ever mastered the game. Its difficult. Its challenging. It challenges ul whatever level you play. Thats why i enjoyed it. No matter how good i got, i can always be better. David you played many differ
Nasdaq down nearly 20 points. More on all the big market movers, looking ahead to apple. First here is what is new at this hour . Strong warning for china, President Trumps latest message to beijing as facetoface negotiations are underway once again. We have details on that from the white house. Plus the second round of democratic debates kicks off hours from now. The stage is set in detroit. Senator Bernie Sanders and Elizabeth Warren are preparing to square off along with eight other rivals. Well have a previous view from both sides of the aisle coming up in this hour. The Communications Director for the Democratic National committee will join us. So will caylee mcenany for the Trump Campaign will join us. How parents are working around the system to secure their parents best options. Susan negotiators from both sides resumed discussions in shanghai. Lets get to fox businesss blake burman live at the white house with the very latest. Blake . Reporter the backdrop was fascinating as t
Firms ceo. And congress probe into big tech kicks off the discussion on how facebook and google are challenging the news industry. We will hear from a top lawmaker who does not think big is necessarily bad. But first, to our top story. Apple has a backup plan if the u. S. China trade war continues to escalate. The companys manufacturing partner says it is able to make all iphones bound for the u. S. Outside of china if necessary. This group now makes most of apples smartphones at its chinese factory. Our bloomberg tech editor joined vonnie quinn with the details. Alistair this is an executive who was talking to investors and other people in taiwan, and our reporter in asia, debbie wu, was there to listen. This is more of a plan. They did not say apple asked foxconn to do this yet, but he was saying they are very capable of doing it. It has raised a lot of questions. We spoke to an analyst over here who looks at the smartphone industry, and he was saying that actualre talking about fina
Challenging the news industry. We will hear from a top lawmaker who does not think big is necessarily bad. But first, to our top story. Apple has a backup plan if the u. S. China trade war continues to escalate. Hon hai, the companys manufacturing partner, says it is able to make all iphones bound for the u. S. Outside of china if necessary. Hon hai now makes most of apples smartphones at its chinese factory. Our bloomberg tech editor joined vonnie quinn with the details. Alistair this is an executive who was talking to investors and other people in taiwan, and our reporter in asia, debbie wu, was there to listen. This is more of a plan. They did not say apple asked foxconn to do this yet, but he was saying they are very capable of doing it. It has raised a lot of questions. We spoke to an analyst over here who looks at the smartphone industry, and he was saying that if youre talking about actual final assembly, which is what foxconn does, putting together all the components in an ipho