Expected to hold steady at 5. 3 marking a seven year low. Again the report will be released at 8 30 a. M. Eastern time and its one that the fed is watching very closely. The last jobs report before they try to decide if theyre going to raise rates in september. Welcome back. Thank you. We talked a lot about those rates. Weve seen lockhart say theyre going to do it. We had powell on who said still data dependent but a lot of people swinging toward september. Yeah, you called this awhile ago. Well, Wishful Thinking that they quarter point, you know . You can do it. You can do it. Its not going to nothing is going to happen. You can do a quarter point. Im going to talk about the markets now because were going to focus on the jobs report and i decided that im kind of glad that were cnbc and Business News. Im still thinking about what i saw last night, what i witnessed and i want to talk about it but im glad we can talk about real other stuff, you know what i mean . It was fiery. It was rowdy. It was it was great for democracy on one hand and for the whole process but then again it was the knife fight, food fight that democrats wanted. On the one hand i was saying wow theres real talent up there and on the other hand i was saying this is like the star wars scene in the restaurant. What is it the cafe. The bar. Yeah, all the freaks come in. So i was alternating between wow theres some real talent and what am i watching here. Yeah, that. That music. But im glad. Lets talk about the dow which are numbers and things that wrote need someones twitter opinion to talk about just facts here because everyone in this age has an opinion and you know what they say, when everyone has an opinion, no one has an opinion or no one matters. Its been a rough ride for the dow which is currently in a six session losing streak and the index is at its lowest level in six months. Lets check out the futures at this hour. 16 points is not bad. Its been tough. You didnt miss anything on the upside becky. You didnt miss apple. Theyre talking about the Media Company lost 35 billion combined. Apple lost like 100 billion from its highs. But it stabilize a little bit in recent sessions. Well see whether this is, you know, another launching point where it goes higher or whether it does, you know, apple go down to a 104 level. There sappel as you can see it. Yesterday got as low as 114. Heres the european markets except for greece. All red this morning and asia i saw that now i look at shanghai, its up about 2 . Two and a quarter percent. We havent, you know, when its down big we talk about china. When its not we have other things we talk about. We go back to the fed. I dont know what causes the market to finally decide it. Thats pretty interesting. I dont know what it says. I dont know whether its the demand side or the supply side. If its the supply side i can explain it. If its a demand side it makes you nervous. The bigger issue is that it may be the supply side and it may be the supply side change forever. Right. In terms of being much more efficient and much more able to get things out of the ground and a constant headwind. Presales are plunging. Not because theyre ugly either. I saw a Station Wagon that didnt look quite as bad but tesla and people dont buy teslas to save money on gas. They buy them because they like them but even tesla we saw what happened yesterday. Tesla had a problem the ten year doesnt know whether to go up and down. If i knew what the fed was going to do i couldnt tell you whether it goes up or down based on that. If they start tightening. You think it goes down. Possibly. Do you . Because that means the economy could slow and europe is still way below us. The most watching the debate and this is how ill tie it, is backdrop is that we had six years of zero Interest Rates and we obstetrical still have a fed that isnt sure the economy is above stall speed. How is this so anemic that we dont know if we can stand a quarter point increase . It was a big part of the debate. It was part of what was talking about on stage last night but its part of the cnbc debate. And the high bar was set by ive never seen him i dont usually agree with a lot of stuff he says put he gave major kudos to the moderators at fox news. He said it was words he never thought he would rise. Its the grilling that you want. If you have questions about these candidates we want to know where they stand on things. The only thing disappointing is i dont think theres a single Mainstream Media entity that will give the same grilling to Hillary Clinton and bernie sanders. Well see. Fox isnt allowed to do them so fox wont be there and theres nobody on the other side. I think the stage was set last night and if you dont get that kind of an inquiz situation, i think voters will be left wondering. Maybe it will be george grilling hilary. In case you missed it last night what we have been talking about all morning already. The gop kicking off one of many debates. Ten candidates kicking off the main stage of the event. John harwood joins us now from cleveland with the highlights and there were plenty of them john. There were plenty becky and youre right the fox news moderators did a good job of running a lively debate. They challenged the candidates. As a matter of fact from the very getgo of this debate, donald trump got challenged as to whether he would even stay in the Republican Party and guess what, donald trump said no, he wouldnt promise that. I think we got that clip teed up. Lets play it. Raise your hand now. Raise your hand now if you wont make that pledge tonight. Mr. Trump . So, you saw the cat calls from the audience when donald trump said that. Ive never seen that, somebody standing up before an audience of his own party and saying hey i may leave if i dont win this race. Thats donald trump and he was donald trump all night. You had some candidates, rand paul right after that moment went after him aggressive and said thats what is wrong. This is a guy hedging his bets. He tries to buy politicians. Trump shrugged him off. Jeb bush took a more polite tone and said his rhetoric was devicive and he said jeb bush is a gentleman. But we dont have time to mess around with tone we have to go and on the challenges with the economy donald trump was saying we dont need all of these politicians surrounding me on this stage. We need somebody with my characteristics. Play that bite about donald trump and the debt. By the way, this country right now owes 19 trillion and they need somebody like me to straighten out that mess. So that is the core of Donald Trumps message. You have somebody like me. He was the push off point in the afternoon debate as well when Carly Fiorina who won that by a long shot over the six other candidates on the race used her moment to go right after trump and the phone call that he got from bill clinton that was in the news yesterday. Well, i dont know, i didnt get a phone call from bill clinton before i jumped in the race. Did any of you get a phone call from bill clinton . I didnt. And that was Carly Fiorina standing out again with donald trump as the pivot point. He was all night. You had other candidates, scott walker, marco rubio that used their time to focus on their own introduction to the large primetime audience with other candidates on stage with them. John kasich used his time very effectively. The ohio state governor. He was vigorous and made a strong impression. I dont know how far he will go in this race but he was off to a good start last night guys. I didnt expect jeb bush to you know they say trump was trump. Jeb bush was just jeb bush. When he says you might have to lose the primary to win that might be problematic because a lot of the tough was very right wing. You were not impressed with jeb . I was impressed you were . I dont expect him to say jump up and down and look at me and i thought he was substantive and christie was the other guy that i liked. Im seeing that supposedly ted cruz won or all of these things and i didnt see it. Even kasich. I thought carly was amazing. She did a Chris Matthews interview where finally at the end he goes i did not. Check that out because at the end he said wow i see why you did so well. Shes a very good communiq communicator. Very good. Im trying to figure out the political calculus of Chuck Schumer announcing that on debate night. First i thought maybe he wanted it to get lost in all the coverage of the debate. Maybe he wanted it picked up. But then on the other hand here is a night where every single republican is just hammering that iran deal and then the leading democrat in the senate comes out against it. That looked almost like a slap in the face to the administration. Why did he decide yesterday to do it . Why did he pick that day . Well, first of all, just on the point, i was tweeting during the debate last night and the tweet that got the most reaction of anything that i sent out was hey by the way Chuck SchumerJust Announced hes coming out against the iran deal and democrats were not happy with that at all. According to Schumers Office he informed the white house he was going to oppose the deal and it leaked to the Huffington Post and you would have to assume that it was the white house that leaked it. But look i think this is something that is about the politics of Chuck Schumer and new york. Not about him as a democratic leader and weve seen enough on the fence Democratic Senators come out for this that i think it looked more and more likely that that small core of democrats that can protect the president from a veto override is going to be there for him and Chuck Schumer is going to take a lot of grief on this from democrats. I dont think its likely to stop the president s deal. Thats something in and of itself, john because maybe the public is stupid again and doesnt know what its talking about. 21 against. You saw the republicans. Another incredibly devicive issue and all the points that were made about, you know yeah, there will be a big vote in congress against the deal but not big enough to override president obama. It doesnt seem like a way to i dont know. Maybe hes really, really sure that this is the best thing for the country but when everything is so devicive and you have 21 against it. He may be wrong. Joe, he may be wrong, the president , but he definitely believes this is in the best interest of the country. If you see the way he defends this deal, he is relishing this iran argument because he thinks hes right. He thinks the critics are wrong and hes going for it with a year and a half left in his presidency and we will find out subsequently you dont think schumer has any you think all the other democrats will say thats because hes from new york and hes got to do this . No, no. Not all the other ones. Just not enough to sink it. Chuck schumer in this case, you shouldnt look at him as the democratic leader for purposes of this vote. Everyone on capitol hill views this as Chuck Schumer taking care of his own politics in new york. If the population is 21 opposed to this and now the senators are going to be home listening to their constituents and getting a feel about what they think about things will that change their minds over the summer recess too . Possible but a lot of people have come out already. But remember when you say 21 against the deal, thats not what our polls showed. Our poll which was out this week showed a more even split where you had equivalent you had about a third, a third, a third for it, against it, dont know enough about it. So it depends how you ask the question and at least in the nbc wall street journal poll it was not 21 against. John, thank you. You bet. Lets get more reaction. Trying to understand this. Joe watkins served as an official in the george h. W. Bush white house. Sarah fagan served as a political director in the george w. Bush white house. You guys might not argue that much about it. She is also a cnbc contributor. Maybe ill just frame it this way. It was the Republican Debate. So lets just assume that we want to get a republican view on this to try to diffuse the criticism. Why dont we have her on . But then she wouldnt come on because i might ask her about the difference between democrats and socialism. Just for what its worth, youre a republican, you work for 141 i guess. Do you have allegiance to 41 . No. I try to look at this as objectively as possible. I do like jeb bush. I think he did a good job. He showed that he was jeb bush. Hes not h. W. , or w. His own person. Very very different from his brother and his father. I thought he did very well last night. I thought that Chris Christie did well last night. Maybe were looking longterm too i guess joe. Now doing well and moving the chains are two different things. I think that jeb was stronger. Rubio may have moved the chains a little bit as well with his performance last night. He didnt necessarily answer the questions but he did a good job of defining himself for the audience watching. Donald trump may have lost as many as ten points. He is unfiltered and he wasnt as unfiltered last night as i thought he might be. Well, you have to be really they asked him the question about the general. What would you have done about the iranian general. He talked about the Iran Nuclear Deal and his opposition to it. A good trump answer would have been Something Like just what business is it of yours what i would do. I would take care of the guy. Why should i broadcast what im going to do to the world to this guy. But id take care of him. It would have answered the question directly. It would have answered it directly. He didnt do that last night. He wasnt himself last night as he has been in the past. Tlog say anythi willing to say anything without worrying about the consequences. He was a little bit more filtered than he normally is. Sarah, just quickly and not because youre a woman but because i thought Carly Fiorina was amazing and afterwards as well but i hear everyone saying that i dont know she cant be the top of the ticket. Maybe she could be maybe she can run for Vice President or Something Like that. Do you see it that way . Well i dont think that she is going to be the nominee. Not because she doesnt have ability but because it takes about 1. 3 billion to wage a race and theres no evidence yet that she can mount that type of an effort. Look, she has acquitted herself very well in this campaign and i think if she continues to have the performance that we have seen out of carly, she will be talked about as a vp candidate. She probably wont be the vp but i suspect that she will be the chairman of whoever the nominee of our party is. She will be the chairman of that campaign because she is proving to be the best communicator and certainly the best female communicator we have on the main stage as a party. Hats off to her. People see what they want to see and im looking at these crazy polls that are taken afterwards and i see cruz. Cruz wins and i didnt people see what they want to see depending on where they sit in the political spectrum. I think thats right. Well see just how effective folks were if those poll numbers move. We see dramatic shifts which i dont expect. Maybe except for donald trump. We see dramatic shifts then youll say well i guess so and so did outperform in the debate but i didnt see anybody knock the ball out of the park. This was like in a heavyweight fight the way to win is knockout the champ. You have to really knock the champ out. It almost seems like people are afraid to take trump on. Carly fiorina being an exception with this. They didnt seem like they wanted to really get in his way. The reason is because hes sitting on 25 of the vote right now depending on the poll you lack at. And there was a point at a break where senator cruz very sort of awkwardly hugged him. People were fawning on dawning. You saw governor kasich praised him or at least acknowledged the spirit he has captured within the Republican Party. So candidates are a little afraid of him and all republicans are surprised at some of the things he has said, particularly about senator john mccain and he has still continued to lead these polls. I dont expect thats going to last. Ultimately he will do two or three more debates and wont have substance like last night and that will catch up with him but for now he puts on an incredible show. People still like the rand paul supporters still love rand. I thought he had a tough time last night. He seemed deranged. The apple doesnt fall far from the tree. I remember his father talking about the fed or something. Did you see the commercial his father ran leading up to the debate. For him . No, just talking about the markets. About what he has talked about in the past just as a segentle reminder for his followers to get out the vote for his son. If i had to sum this debate up last night, you really think on broad scale, governors did very well, senators didnt do quite as well. Rubio got some good lines in but the other two, cruz and senator paul, they had kind of a tough night in my view. But the governors did very well though. I agree. Okay. That once again was the discl m disclaimer the republican side of thing. Ill play that side. Coming up. Im going to take that side. In fact, when we come back, we do have Something Else to talk about. Jobs in america in a fragile place when it comes to the markets. Will the employment report calm investor fears or raise more speculation on the future of Interest Rates. Right now as we head to a break check out this day in history. Every Auto Insurance policy has a number. But not every Insurance Company understands the life behind it. Those who have served our nation. Have earned the very best service in return. Usaa. We know what it means to serve. Get an Auto Insurance quote and see why 92 of our members plan to stay for life. Welcome back everybody it is jobs day. Ec