Points after a bond market issued an ominous warning that a recession could be looming this comes on the heels of the president s mixed signals on the trade war with china. The president was quick to blame the Federal Reserve for the descent. He tweeted this. The Federal Reserve acted far too quickly and now is very, very late. Too bad. So much to gain on the upside. Cnn politics and Business Correspondent cristina a lchlesn the floor of the new york stock exchange. Tell us whats happening, cristina . Three years ago President Trump said only he can save the company. Now his illplanned trade war is causing panic and uncertainty. Now he wants the fed to bail him out. Investors are losing their patience. Whats going on today and the reason we have so much red across the board is that investors are fleeing risky assets, looking for cover and less risky assets and safe places, and that is causing an unnatural phenomenon in the bond market, called the inverted yield curve, which essentially means that its less expensive to borrow over a tenyear period than a twoyear period, which is not the case, and a recession usually follows. Thats the phenomenon you just laid out in your introduction. Investors also waking up to the fact that they may have been too optimistic yesterday when the administration announced a delay in those tariffs. They maybe thought that was a sign that trump was getting closer or maybe mentally closer to a deal with china. Theyre coming to terms with the reality that that may not happen. And, by the way, we still have tariffs on 100 billion of goods that will go into effect in december. Thats making it really hard for ceos and Business Leaders to plan. I listened to earnings calls a couple of months ago. Every company is telling the street, wall street, it cant plan because it does not know what lies ahead. And thats why we have so much uncertainty, not to mention the fact that other economies around the world are also facing serious challenges. Brianna, there is no place to hide. It looks pretty ugly here. Doesnt mean we cant bounce back but right now its looking terrible. Back to you. Look that the number. You know what wall street thinks about uncertainty. Cristina alesci, thank you. Jim tankersly, reporter for the new york times. Thank you for being with us. You heard cristina talking about this. Warning for the bond market. We are in the midst of an inverted yield curve which in english means what . It means in english that, first off, like cristina was saying, the bond market is worried about the direction of the economy. Essentially, youre getting less of a return on a longterm investment than a shortterm investment, which is not how it normally works. Usually, an inversion of the yield curve precedes a recession. Thats certainly the fear that markets are seeing right now. The president is delaying these tariffs against china past when he was going to in september. This will be february next year right now. Business has been somewhat welcoming to that. What does the Trump Administration really need to do between now and then to turn this around . I think what markets are looking for, what businesses have been telling me, is that a resolution of this trade war in some sort of final way. Theres been halting steps forward and back. It looked like a deal was possible in the spring. Now one looks much farther off. To be to have the confidence were talking about here to invest and to know exactly where you want to put your operations, you need to know what the rules of the road are going to be, not just next month but for the years to come. I think they need more than just a shortterm proclamation that everything is okay. They need to see some sort of concrete agreement that says were not going to have tariffs or any new tariffs any time soon. You put it very clearly. Even people who are not invested in the stock market should be curious about this inverted yield. It could precipitate a recession. Morgan stanley said we could be in a global recession in nine months. How widely accepted is that assessment . Does that change at all with this move to delay tariffs . I would say it is certainly not consensus right now that a recession is imminent. There is this concern that a recession could happen, that it could be a global recession. Theres certainly a Global Manufacturing recession already in place, you know. Germany is contracting right now. There are lots of warning signs. The u. S. Economy is growing. Its growing more slowly than it grew last year and much more slowly than the Trump Administration thish planned had promised, im sorry. I think theres reason to think we could avoid the recession. Probably a base case that we avoid a recession but that fear is rising and certainly the trade fears are stoking the recession fear. Youre watching the deficit. Were seeing mortgage debt rising. Why should americans be keeping an eye on these numbers . The budget is important. Its been borrowing more money to spend more and deliver on tax cuts and so that may suggest that if we did fall into a recession, theres less appetite among policymakers to increase the deficit even more to combat the recession. Mortgage debt with credit, if people are starting to default on a lot of things, that is a sign that there is weakness in the consumer or the side of the economy that has really been propping up growth. And so i think we would worry a lot if we started to see, you know, things like credit card defaults spiking. Jim tankersley, thank you so much for explaining that to us. Now to a major security lapse that appears to have allowed convicted pedophile Jeffrey Epstein enough unsupervised time to kill himself. According to the new york times, two Staff Members guarding the jail unit where epstein hung himself failed to check on him for three hours. Cnn correspondent evan perez with new reporting on this. Do we know what they were doing during that time . Reporter fbi is looking into all possibilities, including whether they were simply asleep, were they playing games on their phones . Theres a lot of possibilities. One of the most interesting parts of this story, brianna, is several days after he was found dead on saturday morning, there are basic details of this story that the Justice Department, the bureau of prisons cant nail down. And one of the reasons is that some of the people who know what happened arent talking. Theyve lawyered up. They are not cooperating with investigators. Its a very unusual situation. These are Law Enforcement officers. Part of their job is to cooperate with an investigation and theyre not doing it. The fbi is having an extra harder time to try to get basic details. How was he found . Who found him . What happened . Why is there video of what exactly what went on out of his cell, in the hallways there . Theres a lot of Big Questions that people at the Justice Department are still asking, the attorney general, Deputy Attorney general are deeply involved in this. Let me tell you. This is probably the biggest crisis theyve faced, that bill barr has faced in the six months that he has been here. This is a huge, huge screw up. They believe it will be worse before it gets better. Lawyering up. Indication that what they have to say will not look good for them. Cnn has new footage of this private island in the u. S. Virgin islands that Jeffrey Epstein had. Its a pretty sizeable island as you can see, with many abodes on it. Federal officials were at the property this week. Did they find anything . Its not clear what they found. The big question is why now . Why did this happen . The fact that hes dead means theres no case against him. And i think it frees up agents to be able to go, do certain searches that perhaps they might have been more constrained to be able to do. One of the things that we know that theyre doing, they are pursuing this case as if its still ongoing, right . You have the key person involved who is not here, unable to say anything. But they believe there might be coconspirators who helped Jeffrey Epstein carry out the conspiracy that hes accused of carrying out for years. Luring these young women, helping, trafficking them and helping to make sure secure these women. He didnt do this on his own. He did this with the help of a lot of people. Fbi, prosecutors, Justice Department and Southern District of new york are still working on. They believe just because hes dead, obviously, doesnt mean there cant be some measure of justice for the young women who have suffered so much, and their families. Right . So thats part of what is driving all of this. Theres still so much of a mess at the bureau of prisons. Metropolitan Corrections Center in manhattan, it appears, has been a mess that the Justice Department is only now beginning to understand. A disturbing discovery. What the feds found inside the home of an ohio teenager who made online threats against federal agents as well as others. Just in, senator Kamala Harris unveiling a plan to keep guns out of the hands of domestic terrorists. After rewriting the poem on the statue of liberty, trumps top official has a new explanation. baby laughing pampers is here to help every parent love the changes a baby brings. Could you email me the part great about geicon, tim. Making it easy to switch and save hundreds . Oh yeah, sure. Um. You dont know my name, do you . laughs nervously of course i know your name. I just get you mixed up with the other guy. Whats his name . Whats your name . Switch to geico®. You could save 15 or more on Car Insurance. Could you just tell me . I want this to be over. If you have moderate to thsevere rheumatoid arthritis, month after month, the clock is ticking on irreversible joint damage. Ongoing pain and stiffness are signs of joint erosion. Humira can help stop the clock. 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Is this a sign that the fbi is cracking down on these online threats, especially in thespate of shootings weve seen . Yes, making these threats, to monitor them and move in when the threat seems serious. Fbi agents in anchorage, alaska, were monitoring the internet chat room ifunny and flagged this account that belonged to 18yearold justin olsen, multiple posts promoting Mass Shootings and promoting ambushing federal agents. Olsen also allegedly blamed the atf over the deadly 1993 waco siege in those posts. They were concerned when they saw his followers grow to more than 4,000 and posts like this, dont comply with gun laws. Stock up on stuff they could ban. In fact, go out of your way to break these laws. Theyre fing stupid. Hell, even the Oklahoma City bombing shows armed resistance is a viable method of political change. There is no legal solution, the most alarming part. In conclusion, shoot every federal agent on sight. And when federal agents saw that, thats when they subpoenaed ifunny and google to track justin olsen down. They referred the case to fbi agents in ohio and just days after the mass shooting in dayton, thats when agents interviewed justin olsen. He told them, well, he was just joking with these posts but agents took this seriously. They searched his car and his fathers home, where he had lived for a few weeks. They found a wide array of weapons here, 15 rifles, 10 semi automatic pistols, 10,000 rounds of ammunition, as well as camouflage clothing. These weapons were in his fathers home. His father kept most of them in a gun vault, which he unlocked for federal officials, but for now, that means the 18yearold is just facing these charges of threatening to assault a federal Law Enforcement officer. He is locked up for now. He faces the judge again friday. Brianna, its possible he could face additional charges. Of course, he will go before a judge to see if he remains locked up on friday. Jessica schneider, thank you. Well continue to follow that story. President ial candidate Kamala Harris is releasing her new plan today on combating gun violence. Extremism and domestic terrorism. She would permit Law Enforcement to temporarily take someones guns if they, quote, exhibit clear evidence of dangerousness. Close the background check loophole for online gun sales, commit 2 billion over the next ten years to combat hate crime and domestic terrorism. David chalian, cnn political director here, to work all of this out for us. The nra is singling her out, tweeted about her, saying this plan is ridiculous. Thats a good place for a democrat to be. How does she shape up with other candidates . Thats a badge of honor for them to take to the democratic base, that the nra is singling them out. Where Kamala Harris is different than others, brianna, shes leaning heavily into executive action instead of legislative framework for solutions to this. If congress doesnt act within her first 100 days, shes going to act through executive action. What you just laid out there, shes putting meat on the bones of what that means, what kind of action she would take. It kind of admits her approach to this kind of admits of a gridlock on this issue in congress, where she currently serves, by the way. Shes a United States senator. Her approach to this is i guess im just going to have to do this by myself. Which might be why the nra finds it more of a potential possibility. Right is this. Yeah. Also she wants to allow victims to sue gun manufacturers. When youre talking about the deaths of victims in gun violence, this a sign that shes going to attack Bernie Sanders . You probably remember better than anyone how Hillary Clinton tried to make this an issue against Bernie Sanders in their nomination fight in 2016. It certainly it could lead down that road. I dont think were seeing a real indication that Kamala Harris is very focused on Bernie Sanders at the moment. I think her campaign is more focused on joe biden or seems to have been that way, now maybe elizabeth warren. Nonetheless, she clear theres a clear indication there thats a separation and distinction from perhaps sanders record on this. Lets talk about beto orourke. He had been off the president ial campaign trail for a while in the wake of the el paso shooting, his holetown. Former district he represented. He is now back, has given his speech. But hes getting pressured within his state yet again to run for senate. Local texas newspaper sort of wrote an editorial, beto, please come home sort of thing. Youre right. Former congressman did come off the trail. He served in el paso. This was hitting home for him. Hes going to give a speech in el paso tomorrow, back on to the president ial campaign trail. Its hard to imagine these issues, gun and hate, wont be driesk forces in his campaign after what he experienced in his hometown. Another texan running for president. Julian castro bought ad time near bedminster, new jersey. Can we play this quick, this ad . President trump, youve referred to countries as [ bleep ]. Youve urged american congresswomen to go back where they came from. You called immigrants rapists. As we saw in el paso, americans were killed because you stoked the fire of racist. Innocent people were shot down because they look different from you. Is he hoping to get a rise out of the president or just trying to get president for troling the president or both . Both. Hes trying to get you to play it. Were giving it attention. Thats the main mission he wanted here. Im sure he would love it if the president picked a fight with hichlt im not sure he will. By spending very little money but cleverly saying im targeting this so when the president is watching fox news, will see me talking straight to him. It going tos him free media attention, something he needs. Its not in everybodys living room. Now it is. Clever placement for him. Yes. David chalian, thank you so much. Protesters are gathering outside a california courthouse as judges decide whether the Trump Administration can end protection status for 3,000 refugees living in the u. S. The president claimss losing billions by being president. Ill talk to one man who exposed the truth behind his wealth. Its tough to quit smoking cold turkey. So chantix can help you quit slow turkey. Along with support, chantix is proven to help you quit. With chantix you can keep smoking at first and ease into quitting. Chantix reduces the urge so when the day arrives, youll be more ready to kiss cigarettes goodbye. 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