diamond and it's going to continue so jamie diamond was interviewed on 60 minutes by lesley stahl 1st of all he says that the trade war won't be settled before 2020 but it won't cause any problems he doesn't see that there's any indication that the consumer in the united states is willing to stop spending he says the consumer which is 70 percent of the u.s. economy is quite strong confidence is very high their balance sheets are in great shape and you see that the strength of the american consumer is driving the american economy and the global economy while business slowed down my current view is that no it was just a slowdown not. petering out so when jane diamond says it's the most prosperous country every means the most indebted country ever so have student debt skyrocketing household debt skyrocketing corporate debt skyrocketing the national debt is skyrocketing he's in the business of selling debt and creating derivatives around for him for jamie diamond it's never been more prosperous so yeah i can understand his point of view but nevertheless it's hollowing out the economy and

derivatives around that for example jamie diamond is. never been more prosperous so yeah i can understand his point of view but nevertheless it's hollowing out the economy and it's extraordinarily fragile and we see pockets of it collapsing in various towns it could be flint michigan it could be san francisco could be various towns are just disappearing and being vaporized by this for gillett the economy because been hollowed out because of the likes thanks jamie diamond course jamie dimon is the head of the biggest bank in the world certainly the biggest bank of america as well and he is saying 1st of all that trump is going to win in 2020 because you don't have a booming economy and a president incumbent who loses 2nd of ah yes it's the consumer spending leslie stahl should have followed up of course when he said this is the greatest economy ever she sort of asked him why then as the largest participant in the repo market the largest bank in america is the fed having to intervene to the tune of up to $200000000000.00 every single day i

morgan jamie dimon." ( laughs ) i didn't have any idea jamie dimon knew who i was. so i picked up the phone, i recognized-- >> stahl: he cold-called? >> duggan: cold-called. i just-- no-- no warning. >>hl: for mayor dugganthf t. as his victory just months before. he won, surprisingly, as a write-in candidate, becoming the first white mayor of detroit in 40 years, in a city that's nearly 80% black. describe detroit when you came in as mayor. >> duggan: half the streetlights in the city were out. how do you get streetlights fixed? a third of the buses were in the garage, broken down. people were standing on street corners for hours waiting for a bus. there were only eight working ambulances in the entire city. there were times you could wait an hour when you dialed 911. and, between 2000 and 2013, 250,000 people left the city of detroit. i mean, that's more than the entire population of the city of buffalo. so if you can imagine everybody in buffalo leaving in 13 years and leaving all the buildings behind and empty? that's what detroit experienced leading up to bankru

i'm jamie. >> hi, jamie. i'm larae. nice to meet you. >> it's big. >> it is the world's tallest thermometer. >> well, if someone figured this roadside attraction would get you to stop and gawk, it sure as heck worked on me. >> hi. how are you, janice? i'm jamie. >> hi. nice to meet you, jamie. >> today, larae and her sister, janice neisess, run a gift shop in the shadow of the tower. they sell thermometer t-shirts, thermometer hot sauce, even thermometer thermometers. yes, this really is the world's tallest thermometer. and it would be strange enough just to inherit a 130-foot thermometer in the middle of the desert, but what's as remarkable is the mission that larae and her family took on after her father died in 2007. >> you're sure? >> i got to get a closer look. i tell larae's husband, bill, i'm ready for a challenge. i've been training to climb to the top. i'm going in. >> okay. >> why did he say it that way? >> i just bombed it this morning for the spiders. >> spiders. i'm a girl of nature. >> black widows. >> the

i'm jamie. >> jamie, hi. how are you? >> nice to meet you. i heard you're the bird lady. >> i am that. would you like to meet my kids? >> i would like to meet your kids. >> come on. >> oh, thank you. look at all these guys. oh, hello there. who's that? >> he says, "i'm bogie bird." and he says, "i'm the senior bird here." >> bogie is a 34 year-old double yellow-head amazon parrot. while he's older than yvonne's two cockatiels, he's still a youngin' among the parrot breed, who can easily live for 60 years. when yvonne first adopts bogie from a bird sanctuary, in 2013, she worries about making a commitment to a pet that could very well outlive her. >> at my age, i thought, "how am i gonna make this work out? these guys can live to be 60 years old. i'm not rich." >> so, will bogie become a strange inheritance? yvonne is worried that her cherished parrot will get discarded, like columbo. and what about columbo? >> it must be costing you a fortune. >> columbo's not cheap, and we never, ever, ever, in a million years, thought we'd be here. >> and?

that's what i like about jamie dimon. he just comes out and says pretty much what everybody else seems to be thinking >> well, absolutely. he's always someone that does that on all sorts of topics, as we heard in another part of the interview. i think more broadly, a theme that came out in those six or seven minutes is one that we've heard, whether it was with leon cooperman, with ray dahlia or many others on our air over the course of the last couple of weeks where some of the wealthy do feel vilified it's more than just a sense that politicians are saying taxes need to go up for the wealthy. that the criticism has gone further and jamie dimon there also outlining that he was willing to pay more tax. in fact, he expected it and has mentioned the increase for negative income tax and something that he would believe in but at the moment, there's just this depressingly wide gap between the two sides. even if there's a lot that they could agree on >> well, the gap is very clear, right? based on your part it's either, make wea

i'm jamie colby. thanks so much for watching "strange inheritance." i guess sometimes you can take it with you. ♪ >> a babe who photographed babies... >> she would get them to do the craziest things. >> ...becomes a celebrity herself. >> people knew her by name. she was a pin-up. >> there were definitely stories of skiing with the kennedys, definitely a lavish lifestyle for sure. >> what was her secret? >> isn't she adorable? >> what a winner shot. >> is it still gold today? >> is this collection potentially worth six figures, seven figures? [ door creaks ] [ wind howls ] [ thunder rumbles ] [ bird caws ] ♪ >> i'm jamie colby, and today i'm in littleton, colorado. it's a suburb of denver that,

i'm jamie colby. thanks for watching "strange inheritance," and remember -- you can't take it with you. >> a great president from humble roots... >> "abe lincoln, the rail-splitter" made him sound like a man of the people. >> is this the kind of thing that lincoln used as a young man? >> he would use mauls and mallets splitting fence rails, working around the farm. >> but did young abe swing this? >> it was just a relic that was around our house. we didn't really give a lot of thought to it. >> it's their strange inheritance, but it's never been put to the test. >> even though, in our minds, it was 100% real, just because we think so doesn't make it true. >> anybody could have carved their initials "a-l." how do you know it's really lincoln's? [ applause ] [ door creaks ] [ wind howls ] [ thunder rumbles ] [ bird caws ] ♪ >> i'm jamie colby, and today i'm in indiana. the hoosier state boasts that it's the childhood home of abraham lincoln, and i'm meeting a woman who believes she's inherited the ver

jamie dimon makes $31 million. there were three pitchers that make $31 million jamie dimon runs the largest bank in the united states by assets, second in employees, 200,000 employees. he has done a fantastic job. he is worth every penny of $31 million. i'd rather it be in his hands than the federal government's hands because i'm certain that jamie dimon plows it back into philanthropic causes and otherwise makes productive use of his capital. >> seth, lesley stahl probably makes 50 to 100 times what the average cbs worker makes do you think that tv anchors that not even write their own questions, should there be a pay cap on tv anchors like that would you think? >> i don't think there should be a pay cap but there should be steeply progressive taxes on people who make tens of millions. >> if i would have been jamie i would have asked her that question. >> what is jamie worth how much should jamie make a year >> the thing with jamie dimon, i don't know the board sets my pay. who -- you know, like he has absolutely

worden tweeted back saying quote, really simple, jamie dimond and his buddies are successful in part because of the opportunities workforce and public services that we all pay for and it's only fair that he and his billionaire friends chip in to make sure everyone else has a chance to succeed. the fact they reacted so strongly, so angrily to being asked to chip in mark tells you all you need to know. the system is working great for the wealthy and well-connected and jamie dimond does not want that to change but i will fight to make sure it works for everyone. here's a question. will liz warren class warfare rhetoric help her pay off at the polls. steve, what do you think? >> only in the left wing of the democratic party, the left bar left activists will move up in the polls but most americans realize what abraham lincoln said you don't help the poor by tearing down the so-called rich. jamie dimond had the same interceptor as everyone else but created an extraordinary institution that did not need a bailout in 2008 and was forced to do so by the federal government. others like jeff be

charles: curious. 10 people, like, jamie dimon walks in the room. they're like i'm the man, get in the back of the line. >> when jamie dimon went to work for sandy weill at travelers. we thought it was crazy. we thought that was the path going down to make money. charles: he could make a lot more money doing it differently. heather to that point -- >> having a hard time feeling sorry for jamie dimon. >> i'm not feeling sorry for him. >> benchmark is the classmates. charles: let me share one other clip. when they were talking about the consumer, the economy is getting bigger, being driven by the consumer, this is where the wage argument comes more into focus. >> the consumer, which is 70% of the u.s. economy is quite strong. confidence is very high. their balance sheet is in great shape. you see that the strength of the american consumer driving american economy and global economy. business slowed down, my current view, no, it was just a slowdown, not a petering out. >> you sound pretty optimistic about the economy? >> i am. charles: lesley stahl say

jamie dimon. thanks for having us great to be with you. >> great to be here. >> we're in london and i have to start with a question on the state of play here how much is your optimism on and commitment to the uk more widely weighing since brexit and the three years of political mayhem since. >> we love being here. this is a fabulous city a global melting pot, unbelievable talent and stuff like that. we're devoted to london. obviously the british people will decide what form brexit takes and, you know, the negotiations even after brexit i think would be very tough and complicated and we're devoted here over time brexit will cause a die m diminishing of the financial center, it will not be quite the powerhouse it was. >> switching focus to earnings and jpmorgan more broadly. your recent revenues rose 8% year over year most of your rivals were flat. in fact, that kind of continued a theme of the last few years of your out performance is it harder to make those market share gains moving forward? >> ye

i'm jamie. >> hi, jamie. nice to meet you. >> nice to meet you, too. you wrote me about your mom and something about babies. >> yes. >> are they here? >> yes, they are. please come in. >> okay. >> inside lynda's house is her strange inheritance left to her by her mother, baby photographer constance bannister. >> you've basically put together a museum all about your mom and all these babies. >> in total, there are more than 100,000 baby pictures -- yes, 100,000 photos. >> there are many files full of negatives. >> all negatives? >> all negatives. >> lynda has mom's old cameras, too. >> she was able to carry this? >> yes. actually, she would wear a harness and strap herself into it, as you can see. one of the first self-portraits, she's got the clicker in her hand. >> a selfie? >> yeah. >> lynda's mother's story begins in 1913 on a farm in tennessee. >> what kind of childhood did your mom have? >> she's second from the oldest of 17 children. >> 17? >> 17. she talked about playing in the creek, riding the cow -- just a real simple, healthy lifestyle. >> i

jamie oliver said it helped him lose two stone. impressive. jamie oliver said it helped him lose two stonem impressive. jamie oliver said it helped him lose two stone. it is very high in fibre, that is why jamie oliver, it helped him lose weight. the other thing that is amazing is the level, it has more nutrient rich. why aren't we using it more, in asia it is part of the daily diet. it used to be in coastal areas of uk, but we have forgotten about it. now people are more used to asian food. that is probably more expensive than a big pod of salt. yes, but... it is good for you. do you think that is a barrier for some consumers, the cost? well, it is on the shelf in tesco for a reasonable price now. if you think about that, you're getting more nutrients than from salt. you use salt to enhance the flavour, but you can do that with this and get benefits. i'm interested to know how it started. how did you get from it the idea to the scale you're operating on. how did you get from it the idea to the scale you're operating onm has been v

thank you, jamie lee curtis. "knives out" opens everywhere on november 27. mark ruffalo was here recently with the man he portrays in the new movie "dark waters" so check out that interview when we come back. >> announcer: next, the chilling new movie, "dark waters" tells the story of how a multi-billion dollar company knowingly poisoned thousands of americans. >> it's knowingly poisoning. >> announcer: and actor mark ruffalo is here with the real life hero who spent two decades fighting to make them pay. managing type 2 diabetes? audrey's on it. eating right and staying active? on it! audrey thinks she's doing all she can to manage her type 2 diabetes and heart disease, but is her treatment doing enough to lower her heart risk? [sfx: crash of football players colliding off-camera.] maybe not. jardiance can reduce the risk of cardiovascular death for adults who also have known heart disease. so it could help save your life from a heart attack or stroke. and it lowers a1c. jardiance can cause serious side effects including dehydration, genital yeast or urinar

so when i wrapped this time, i id jamie, do you remember what you did 40 years ago? e said yeah, i do. >> the hol halloween horrors ar'tone yet. kevinrazier gives som dancing stars some scares. >> then our exclusive with m.'s son prince. >> growing up watching thriller was terrifi iy dad going to turn into a werewolf. >> fst jen, reese and oprah launch apple plus. oprah has one of fivhows premiering. hailee steinfeld, jason momoa also have shows. >>> only "e." was behind the scenesf gar and blak universal studios with kyle richards. w do you feel about dinosaurs? >> i lovethem. want to take her home. how do you feel about haunted houses? >> terrified. >> kevin put sef "dancing with the srs" dancers to the let's go. test. my creepy transformation took 60 minutes and i y or may not have falleasleep. my character -- a victimf the beast flfy from the 1982 horror flick "creepshow." >> if i'm you d i'm trying to scare you, it's just ah, you know, ba, just a quick ba. >> as for my unsuspecting victims they have no clui'll be waiting for them inside. i hate stuff like ts. >>

jamie: just to elaborate a issue that was identified was there were 43 drivers who were able to swap photos with a friend, which meant that the photo that appeared on the app did not match the driver themselves. this was something that we identified in may of this year, and as soon as we identified it and informed tsl proactively. we also insured it could not happen again and the vulnerability was closed. we stopped the 43 drivers who had been indicated in this from taking any new trips, and conducted a full audit of every single driver in london on the app to ensure that the technical fix had worked and the systems were strong. issues that of the lyft,lift bang -- uber, and others have dealt with is on the regulatory environment and the outskirts depending on what the business model currently is. once you get outside of london and go to other cities around the world, is this same issue going to crop up again? regulation, look at uber is absolutely committed to making sure we work within the regulatory environment of every single city we operate in globally. licensed by, we are over

whispering voice: jamie. what?

so when i wrapped this time, i said jamie, do you remember what you did 40 years ago? she said yeah, i do. she picked me up. >> the hole halloween horrors aren't done yet. kevin frazier gives some dancing stars some scares. >> then our exclusive with m.j.'s son prince. >> growing up watching thriller i was terrified is my dad going to turn into a werewolf. >> first jen, reese and oprah launch apple plus. oprah has one of five shows premiering. hailee steinfeld, jason momoa also have shows. come try my really big chicken sandwich combo with two patties for $4.99, or three for $5.99, or four for $6.99. that's an amazing deal, jack! hey, thanks, stanley. ow. ...wait, what's happening? stanley! you're deflating! hold me, jack! only at jack in the box. two breaded chicken patties plus fries and a drink for $4.99. three patties for $5.99. or even four for just $6.99. four patties? well, tickle my elbow! no thank you. try my really big chicken sandwich combos. starting at $4.99. ♪ >>> only "e.t." was behind the scenes of garth and blak >>> welcome back to "e.t." from univer

i take mos most -- with jamie d. producers create the wealth, the ubers -- he big secret that we need for a from duckiv productie economy, we need economic freedom. and candidate or administration who provides that will have a strong economy. >> one thing that bothers me, people who criticize this economy, say all they did with money they got the corporations with tax cuts was to do stock buyback thing. they hired a hell of a lot of workers, millions and millions of workers, cost 10,000 on average to train a worker you hire that is where a lot of the mean went, isn't it. >> this is an interesting point we look at wage gains, but some money spent is going to training because, right now, the we're highering the bottom of the barrel, that is not meant to be offensive, but people who are not trained, not high school graduate, some are felons out of jail and et cetera, that is great thing, that syncom at low -- is income at lowest en end of spectrum. david: people keep trading up. >> meanwhile, goldman sachs back defendin

i'm jamie colby for "strange inheritance." thanks for joining us. and remember -- you can't take it with you. do you have a "strange inheritance" story you'd like to share with us? we'd love to hear it. send me an e-mail or go to our website, strangeinheritance.com. ♪ >> at the edge of death valley... >> it's weird and unusual and unique. >> ...a man puts a dusty weigh station on the map. but the town and his legacy fall on hard times. >> i was hearing from the residents that it was an eyesore. >> has he left his family a money pit... >> we want you to keep this in the family at all costs. >> ...or a monument? >> sometimes in life, we don't appreciate things until they're gone. [ door creaks ] [ wind howls ] [ thunder rumbles ] [ bird caws ] ♪ [ horn honks ] >> i'm jamie colby, and toda

do you agree with jamie dimon's sentiment. >> not quite. if he looks at the gdp over the last four quarters, the way things are headed, it's not quite as robust as it has been in the past. we've had a subpar gdp the last 15 years, you want to look at it. but we have a hard time going out one year, much less 100. maria: so what does that tell you about where we are? are you worried about a recession? are you worried about the he slowdown deepening? >> we are in this respect. the numbers keep sliding a little bit every quarter, if you look at the underlying portions of what drives the economy. the consumer is what everybody falls back on but the consumer can fall off at any time and they are a big driver, don't get me wrong. but they're only one driver. if you look at cap ex from corporations and various things, that's not working right now. so we've got our eye on it. i'm pretty sure. i'm not certain i would call a quarter a a recession but it's slowing more than it was a year ago. >> you mentioned cap ex sliding. is that 100% about the chin

maddie and jamie, we're thinking you have. take care of yourselves as we know from covering this, it takes a long time. it's going to be an emotional roller coaster. thank you very much for sharing your texts and personal experience with us. take care of yourselves. >> thank you. >>> we'll be right back. month after month i'm doing it all. the supplements... the veggies... the water. but i still have recurring constipation, belly pain, straining and bloating. my doctor said i could have a real medical condition called ibs-c. for my recurring constipation and belly pain from ibs-c... i said "yes" to linzess. linzess treats adults with ibs with constipation. linzess is not a laxative. it works differently. it helps relieve belly pain and lets you have more frequent and complete bowel movements. do not give to children less than six. and it should not be given to children six to less than 18. it may harm them. do not take linzess if you have a bowel blockage. get immediate help if you develop unusual or severe stomach pain. espec

i think jamie is doing a good job. dino in connecticut. >> big boo-yah to you, jim big boo-yah to our veterans, military men and women and especially my son that just got back from his deployment my question to you, jim, is involve group, buy, hold, sell >> this stock keeps going down i don't think it's that good of a company. as that new crop of ipos that everybody hates. i think they're throwing the good away with the bad i'm not alone. remember, more pain. let's go to jeremy in utah jeremy >> boys in the bullpen >> okay. >> i'm just calling about european on dish network >> very, very smart management they go up isn't that difficult at the top of the show i talked about how them going up. i can't recommend it i don't like the balance sheet >> hey, jim. should i start buying zbhen. >> i like that stock very much it's a great stock mktx we've been behind it forever and we're not budging. we still like it we're not done one more william from fargo william? >> jim, how's it going >> not bad, william. how about you? >> g

greats and parasites on this economy but when jamie diamond is a stand or james kramer is throwing a hissy fit in a crybaby as he did to get the fed to print more money he's lauded as a hero as a as a man of the people by by his antics to have more money printed. you know there is a real disconnect between labor and the financier's there's 3 half trillion dollars collected in taxes last year all inclusive in america. it only pay for $3.00 quarters of the operating budget of america we want to trillion dollars into debt but in fact that money is not even needed i make the comparison to saudi arabia and the reason we have a slave class of saudi arabia is because the princes when they need more they just print they just pump more oil this oligarchic class when they need more money they just print more money they don't need the workers they don't need even that 3 and a half trillion dollars their workers are completely suppressed that's why so many of them are deaf according on the street and dying and the life expectancy in america is is gone down is that a fair characterization yet is

jamie and his team have discovered 17,000 sites in just two years. some of the sites are incredibly significant, the types of monuments which we're just not finding anywhere else on the planet. in britain for example, if we find a bit of dry stone wall, extending a metre and a half, i would assume 19th—century. so no more than 100 years old, we're finding walling the same height without collapse that has been there for at least 5000 years. some of them even older than that. for the longest time the area had been largely closed off to archaeologists due to politics, religion and its remoteness. to go into an archaeological world that's never really been examined or touched before, to me isjust a remarkable opportunity. and ifeel genuinely excited every time i walk out onto the site. is there a buzz when you find something in particular? there always is. i wouldn't be doing this — i've been doing it for a very, very long time — if i didn't still get that buzz. and jamie believes the are still yet thousands more sites to discover. be the first to

jamie dimon spoke to lesley stahl of "60 minutes" in his own defense. >> so, elizabeth warren said in iowa the other day, "our democracy has been hijacked by the rich and powerful." and you jumped in and said this week about her, that she was vilifying successful people and having harsh words for wall street bankers. >> what i was commenting on was that anything that vilifies people, i just don't like. i think, , you know, most people are good, not all of them. i think you should vilify nazis, but you shouldn't vilify people who worked hard to accomplish things. and so, my comment is i think it is american society, we are just attacking each other all the time. >> she said that "the system is working great for the wealthy and well connected," and "jamie dimon"-- she brings you up-- "doesn't want that to change." >> i'm not going to comment on anyone in particular. >> but she is commenting on you have become a target, whether you want to respond to it or not, you are her target and you are alexandra ocassio cortez's target. >> i understand that a person is going to be a target in this

jamie yuccas, minnea lis, miesota. >>> and that's the "overnight news" for this friday from the

jamie murray and neal skupski convincingly winning in straight sets. great britain are back in action at around 4.30 tomorrow afternoon, where they'll meet germany in the quarter—finals. the same situation as yesterday. we knew we had to go out and when the match if we had any chance to progress in the event. played a great match from start to finish. we started a very quick, aggressive, did not give them any time to settle, brush them along and really happy with how we played. excited to get the team through the quarterfinals and have a go against germany tomorrow. so another great day for britain, and it was done without andy murray — kyle edmund stepping in. captain lyon smith told russell fuller that the team have shown their strength in depth today. we knew we had kyle ready to go. we knew we had to go out and when the match if we had any chance to progress in the event. played a great match from start to finish. we started a very quick, aggressive, did not give them any time to we knew we had kyle ready to go. we were scheduled to our evening

that is something you heard jamie dimon also address. taylor: you know, another story that caught our attention here as we look at the tech landscape has been robin hood markets. there was a story coming out that said basically, put down a little bit of a deposit on margin and you get infinite leverage. there is a glitch in the system. what is it? sonali: basically, you have a certain set of robin hood users who are selling calls and that money is being counted in that user's capital. and so, this is such a timely story. 2020, away from money thousands of people were meeting about the future of fintech. once we are borrowing from a firm, you're becoming a bank and a personal hedge fund. you are sitting here and having to deal with issues as you scale and grow. robin hood, as we know, is trying to not only grow but has considered a banking charter. this never looks good in between, but they do say it is isolated. that said, the users that have been doing this say they have levered a $4000 investment into a million dollar investment. they

we'll watch that our phil lebeau talking boeing meanwhile jamie dimon defending executive pay. here's what he said on "60 minutes. executive pay. last year you were paid $31 million. too high >> the board sets mine i have nothing to do with it. >> you could return some of it >> i could, it's not going to solve any of those problems. i'll leave it to the board to solve my comp. >> you've answered every one of my questions, but this one you're falling off. >> the board has to do it. >> let me ask it in a general way. should executive pay in this country be curbed? >> what does that mean >> cut back? should there be a way to say we'll not going to have such a spread between our workers a the guy at top >> when you say something like that you have to say how are you going to do, what makes sense. you use the tax system to do that would i not have cut the tax on rich i would raised the earned income tax. >> we talked last hour jim's point is the he had should have said i've made a lot will have money because i made people a lot of money you can't say that about a lot of other ceos w

on the right side of interest rate apartheid is not only free it's less than free central banks pay jamie diamond to borrow money so easy it is for j.p. morgan to make money but they still have trouble making money because what economists euphemistically call moral hazard when you give a dog and on. limited amount of dog food to eat that dog will eat itself to death if you give jamie diamond an unlimited amount of quantitative easing to gorge on over there j.p. morgan he will bankrupt the economy so people who feel as though there's no roads and tunnels being built the life expectancy in america is dropping infant mortality is rising the millennialism jenna's they are going to face a bleak future. that's denial that's denial being fueled and funded by this wall paper money led by donald trump who is the perfect president at the perfect time in new york city real estate developer part of the wall street property developing a link here is wrong here is america as american as apple pie i said it's a tale of 2 economies and those economies are driven by their own separate monetary systems so

that is something you heard jamie dimon also address. taylor: another story that caught our attention here as we look at the tech landscape has been robin hood markets. there was a story coming out that put down a deposit on margin and you get infinite leverage. there is a glitch in the system. sonali: basically, you have a certain set of robin hood users who are selling calls and that money is being counted in that user's capital. this is such a timely story. we are a week away from money 2020 now. thousands of people were meeting about the future of fintech. once we are borrowing from a firm, you're becoming a bank and a personal hedge fund. you are sitting here and having to deal with issues as you scale and grow and robin hood is trying to not only grow but has considered a banking charter. these glitters -- glitches never looked good but they say it is isolated to certain users. the users that have been doing this say they have levered a $4000 investment into a million dollar investment. there are insane trades we are seeing that lo

i'm jamie colby. remember -- you can't take it with you. do you have a strange inheritance story you'd like to share with us? we'd love to hear it. send me an e-mail or go to our website, strangeinheritance.com. >> a rock 'n' roll legend. >> the crazy thing about roy orbison is, from 1959 to 1964, he had 21 top 40 hits. >> he dies too soon, with three young sons. >> he had secretly always wanted us to be musicians, but he wasn't gonna push. >> does he send them on a musical mission from beyond the grave? >> and then i kind of rubbed my eyes, and then looked at this. >> he said, "i've got this cassette of this song that nobody has heard before." >> will this strange inheritance bring roy and his boys together again? >> had you always dreamt of playing with your dad? >> always, yes. >> [ chuckles ] mercy! [ door creaks ] [ wind howls ] [ thunder rumbles ] [ bird caws ] >> i'm jamie colby, and today i'm cruisin' into nashville, tennessee. music city. i'm on my way to meet the sons of rock legend roy orbison. turns out the man who gave the worl

elizabeth warren slamming back at jamie dimon. after the jpmorgan ceo says the democratic front runner is vilifying successful people. the trump administration is working to curb the vaping crisis that juul ignored evidence that teens could get hooked on the product. what the white house is doing to stop the opioid epidemic. all that and more on making money. ♪. charles: when these markets make all-time highs, we get the same call, consolidation. the what's spin a little bit more. investors start to stake out the next move. you add to the backdrop of china trade, we're coming out of earnings season. in fact a report on china trade that trump and xi, they will meet to sign phase one. it might be delayed until december. but the question now is, should we be chasing the winners or should you look at losers for opportunity? i want to bring in crescent founding partner, chief investment officer jack ablin, kaltbaum capital management president and fox news contributor gary kaltbaum. let's start with the idea here if you missed this r