you've got a lot of skills. you're going back. you're going back. and i sensed it when i was on a trip and i called my friends together and said i guess we gotta do this, and a lot of people were doubters. you hemmed in politics for ten years, in a decade, you have never run statewide and we haven't defeated an incumbent in 36 years. in ohio, incumbents don't lose. we put together a vision, a team, they said it couldn't be done and we proved them wrong again! [ applause ] >> and then we took over the reins. but you know, we didn't go unprepared. we knew what we wanted to do because i want to tell you. i'm president, i know what we need to do, okay? there's no confusion about that. i know what needs to be done. i have been there at all

levels, okay? but we came in here, $8 billion in the hole, a loss of 350,000 jobs. 80 cents in a rainy day fund. one guy said he doubled the dollar to give him a rainy day fund. a lot of hopelessness here. particularly among the poor and minorities. people said maybe ohio's best days are behind them. i thought that was just a bunch of baloney and said not only will we get the budget balanced but maybe we will cut taxes. are you kidding me? there is no way we can do that. we didn't have to slash things. we had to use a 21st century formula. improve things, innovate them. make a better product at a lower price. let mom and dad stay in their home rather than being forced in a nursing home. let them stay in their own home

where they are healthier and happier, if we have to knock down the special interests, so be it, that's what we did. now, today -- [ applause ] >> 4 1/2 years later, 8 billion in the hole. $2 billion surplus. a loss of 350,000 jobs, a gain of 350,000 jobs, and tax cuts, tax cuts of $5 billion. the largest in the country. [ applause ] >> and as i hope you all know, economic growth is not an end into itself. if you're drug addicted, we're going to try to rehab you and get you on your feet. if you're mentally ill, prison is no place for you.

some treatment and some help is where you need to be. you're the working poor? we're going to give you an opportunity to take a pay raise, and not bang you over the head because you're trying to get ahead. we're changing that system. if you have an autistic son or daughter, for most of them, they can get insurance, and we'll work to make sure all of them have it. for the developmentally disabled, they're made in god's image. they have a right to rise. they have a right to be successful -- [ applause ] >> and with all this, with all this they said it couldn't be done, and guess what? we proved them wrong again. and i'm going to take what we've learned here in the heartland. that band of brothers and sisters they work with every day. we are going to take the

lessons of the heartland and straighten out washington, d.c., and fix our country. [ cheers and applause ] >> well, you know, now they're going to say, a lot of them back here are going to say, you know, nice guy, or good guy, or not a good guy, whatever they're going to say, okay? [ laughter ] >> i don't know if he can win. but with you, and you sweetheart, okay? can you paint signs? and with all of you, together we'll prove them wrong again, won't we? we'll prove them wrong again. [ applause ]

[ chanting ] >> thank you. so our team, you know, we'll tame the bureaucracy, we'll restore some common sense. mary taylor has the commonsense initiative. get rid of the stupid rules. how about putting people in government that respect job creators rather than beating them down? how about that idea? how about some common sense? and make america stronger militarily. but folks, here's the thing i want to say to you and i said this at my inaugural. some people think they just don't matter in this. do you know how wrong that is? and we got this holocaust memorial, and there's a line

etched that says "if you save one life, you've changed the world." do you believe that? do you believe that? you save one life, you've changed the world! [ applause ] >> and the lord will record what you've done for another in the book of life. now we've got some values that we need to think about that can bring us together. because folks, we're a divided country, but we can fix it. i tell you what i think some of them are. personal responsibility. the dog ate my homework went out in the fifth grade, okay? here's the thing, we own our lives. i mean, if you're hurting, we'll help you. my mother used to say that it

is a sin not to help somebody who needs help, but equally a sin to continue to help somebody who needs to learn how to help themselves. personal responsibility needs to be restored in our country. [ applause ] >> teach our children. resilience. everybody doesn't get a trophy just for showing up, folks. you know what resilience is? it's getting knocked down. and i have been knocked down so many times. but getting knocked down is not the problem. it's refusing to get up. we need to teach our kids. teach our children about resilience and remind ourselves that you're 51 years old and you lost your job? you're going to come back,

stronger and better, and we'll help you. empathy. this one is so important. i just would ask you to think. put yourself in the shoes of another person. we're so quick to make judgments today in our country. don't walk so fast. you know, yesterday, i was coming downtown and it was a lady and she was older, and she had a cane, and she was barely walking. she was putting one foot in front of another. i wanted to stop and just hug her, encourage her. people who have not been dealt the best hand in life. we want to hold them accountable? but the lord wants our hearts

to reach out to those that don't have what we have. i mean, that shouldn't be hard for america. that's who we are. when people have studied our country. they have talked about our compassion. and we need to bring it back. empathy, don't be so quick to judge. me, too. okay? me, too. and then teamwork. tom moe is up here, he used to run the veterans. i call it the great arc of life. a man goes in the military, sits in the hanoi hilton, beaten in a tiny little cell, he comes home and i put him in charge of the veterans. this is the beautiful arc of what's right. tom had a little code -- [ knocking ] >> i don't know where he is right now. he is right here. and tapped out a code that kept them altogether. and it was team that carried him through the most difficult times. uncle george, it was team that

helped you be successful, wasn't it? the vietnam veterans and the iraqi veterans and the afghanistan veterans we do best. or the depression, when we all hung together. teamwork. team. they're not the enemy. they're part of our team. we can disagree. they're our team. and then family. look at these families here. the building block of america. it's the building block of our culture. let's recognize it. and, of course, faith. and faith is really simple for me, it's about the do's, not about the don'ts, and what it's all about, god didn't put us on the earth to take care of ourselves. he put us on the earth to make things a little better because we lived here. there are some that are going to try to divide us. forget it, i don't pay attention to the nonsense. at the end of the day, it's about being together because it says we the people. and by the way, if you think

that i or anybody who becomes president or a big shot, we don't move america. we do our part if we have courage and intelligence, but it's all of us in the neighborhoods, in the families, across the country. we're the strength and the glue. please, please, please don't lose sight of it. as for me, i'm just a flawed man. flawed man. trying to honor god's blessings in my life. i don't even understand it all. he's been very good to me. and i want to you know that i will do my very best to serve you because you are in my mind's eye. who are you? get up every day? go to work? work hard, follow the rules, come home, spend time with your family, and at night you go to

bed and say your prayers for your family, for your neighbors, and for our nation. and folks as it has been said many times, the light of the city on a hill cannot be hidden. the light of a city on a hill cannot be hidden. america is that city, and you are that light! god bless you, and god bless america. thank you all very much! [ applause ] . neil: it's official, there are now 16 republican candidates in the race to be president of the united states. arguably one of the most successful governors in this country, certainly among the more popular. he enjoyed approval rating north of 60% in ohio. the fact of the matter is he is late in this race, and even though he has $11.5 million. he is facing those with a lot more bucks, including jeb bush,

who now has more than 100 million ready to do battle. but it is very early. there are a lot of entrants and the perception with so many in the race, do you get to cleveland when all of this is said and done in that governor's state with a nominee at all? or any individual with enough delegates to claim that? maybe not. it is going to be a long race, but now we have our sweet 16. to blake burman on the kasich entrance. blake? >> reporter: neil, john kasich has been in and out of politics for the better portion of the last 40 years or so of his life. he kind of ran through his resume. you mentioned how he's one of the more successful entrants in the field. the resume is the longest of them all. he talked about work directly for ronald reagan at 24 years old. getting in state politics at 26. was in congress by 30. was a member of the armed services committee and budget committee. he was responsible for that '97 budget deal that passed through

congress. then his time as a governor, the rainy day funds in ohio that went from basically nothing to $2 billion. and erased $8 billion budget shortfall and all the tax cuts he got through as well. so the resume is there in length, the question is as you mentioned now that there are 16 candidates, and john kasich, according to the latest fox news poll is garnering only about 2% of support from republican primary voters. how can he separate himself. and in the short-term, with the debate taking place in cleveland, his backyard, in just a few weeks, how can he get into the top ten and on the debate stage, neil? neil: blake, thank you very much. larry sabado handicapping the race, and now we are at 16. larry, i wonder with kasich in, he brings a lot of gravitas to the table, a long and very

illustrative track record. i'm wondering is it too late? what do you think? >> no, it's not too late. the odds are not in his favor, but they are odds that are potentially under the right set of circumstances he with beat. neil, this is the guy who has real moxy. you mentioned his long resume, and he mentioned it during his speech, but he didn't go back to the beginning. the real beginning was when he was at ohio state. a freshman or sophomore. this is 1970s and he wrote a letter to president nixon saying you need to talk to me, you need to be appealing to more young people and doing this or that the, and believe it or not, he got 20 minutes with president nixon in the oval office! >> that's funny. >> that's really remarkable. it's incredible. and he's got the kind of resume that republicans should at least consider. as you noted, he is a very

popular two term governor of super swing state ohio. that is not a state you ignore if you want to win the white house. neil: do you ever get the sense, though, that everyone -- when you see 16 guys running for office, including carly fiorina, i don't mean to be disrespectful, they can't be thinking they're going to win. somewhere positions themselves as a cabinet post or maybe in the governor's case, this is not at all to be damning, maybe a vp spot on that ticket? >> sure, that's always a possibility. they all deny it. they say i'm running to be president. i don't want to be vp, i don't want to be a cabinet. in his case, he's governor of ohio. no minor position. and governor is a terrific job, you actually get to do things. my guess is he would certainly

take the vice presidency, certainly a cabinet. that's not why he's running. he has a special niche in this particular field, and i think he's right. what i was really intrigued by as he went through his resume. he's type cast by us in the media and analysis business as being a relative moderate. well, he's a moderate conservative, and he went back to reagan when he -- not reg nan 1980, when all the republicans backed reagan, but reagan in 1976 had only half the party, a little only half the party backed reagan. so he was trying to tell conservatives, hey, i was conservative before conservative was cool. i was conservative before a lot of you were conservative. neil: you're right, professor, always good having you. as the professor and i were speaking, donald trump is speaking in svjt we're going to follow what he's saying. more demands he apologized for comments he made about senator john mccain. we're monitoring that and

monitoring at the corner of wall and broad. a bit of a sell-off, now north of 200 point. catalyst for a lot of this is ibm and united technologies both out with disappointing earnings reports, but further nor disappointing foresight. how they see things shaping up for the rest of the year, in the case of both of them, not all that well. that is not sitting well in the case of ibm, apple getting cut down a little bit, separate reports that apple is having problems at music online service and app store, and this, of course, ahead of earnings announcement after the close of trading today. but again it's still early. i wanted to keep you aware of all the developments. speaking of all things ohio. in a day we have so many entrants in the race. this is one republican not running for president. congressman from the fine state, jim jordan.

good to have you. >> thank you, neil. neil: you're not running yet. >> i'm not. neil: first of all, on governor kasich, who are you supporting? >> not endorsing anyone. governor kasich is a good candidate, good governor, and i think part of a good field. it's funny professor sabato, i heard governor kasich tell the story about nixon and gave him a piece of his mind. he has the energy and tenacity to run a campaign. i'm for the republican, and it's a good feel. neil: would that include donald trump. >> well, with what mr. trump said the other day, it was not appropriate. neil: if he were the nominee. >> we have a long process, see who wins. i'll be for the republican nominee. we know whoever that is better than hillary clinton or bernie sanders. neil: even with these remarks that trump has made, he still leads in the polls.

that could change, as you remind me often it does. but what do you make of that? if that doesn't affect him? >> i think it will, i think voters will weigh. that john mccain is a good man, he is certainly a war hero. even though i don't always agree with mr. mccain and policy decisions, i have a good relationship with the senator. i think americans are more frustrated with what they see not happening in washington. neil: what do you think explains -- you mention a sanders, you mention a trump. think about it congressman, populist rage that's out there on the left and the right. the idea whether it's not the messenger but the message, and i'm wondering whether that speaks something that the established candidates might not be addressing? >> there's a frustration, pew research did a poll, 63%. you know why 63% of republican voters think republicans aren't doing what they said they're going to do? they're not. that's the frustration they feel. we have to do what we told them

they're going to do when they ran for the job last november. stop the corporate welfare. reform our safety net system to incentivize. neil: who do you blame? your speaker? >> it's tough with the 60 vote hurtle in the senate. it's been tough with harry reid in the senate and barack obama in the white house. neil: but there are a lot of colleagues that blame leadership. the tea party is very angry? >> certainly have to do a better job. i come back with governor kasich's announcement. this is a good field. i remind someone, in 1996, you know who finished eighth in the iowa republican primary, a guy named morrey taylor. wealthy guy spent much of his own money. the guy in eighth place is a guy like bobby jindal or john kasich, good candidates, that shows you the depth of the

republican field. to my point, whoever wins is a good candidate. neil: do you think when it goes back to your state and everyone gathers gathers gathers in cleveland, will you have a nominee? >> of course, we'll have a nominee. neil: by the time it starts, you don't have someone with the number of delegates needed? >> we've always had. that it would be unusual for modden day politics not to. you have to get to the semi finals before the finals, we're going to have a good semifinals. we know whoever wins will be better than hillary clinton. neil: what if it isn't hillary clinton? >> we make a lot of the conservative against the establishment on the republican side. bernie sanders is a socialist getting 30 some percent of the vote. you are kidding me? that shows you how radical people on the left are. we'll see if he can beat hillary, i assume secretary clinton will be the nominee. neil: congressman, thank you

very much. >> you're welcome. neil: to the question, what happened if we get to cleveland and we have the entrants in the race and the apportionment that we could have someone arriving in cleveland without all the delegates to be the next president. it has happened. someone like abraham lincoln comes to mind, survived that, and he did okay. are we about to repeat that? we're going to explore. that take a look what's happening at the dow. it is getting shellacked. largely on fears it may not measure up. ibm, and united technologies and fears that apple might not measure up. a bit overdone, yesterday may have been overkill on the topside here. i only mention this because it's north of 200. normally i don't. more after this.

. neil: we are getting word that the president has ordered all flags across the country be flown at half-staff in memory

of the five soldiers killed on july 16th last week. critics said he should have done so immediately. flags will be flown at half-staff. in the meantime, there is a bit of a sell-off going on, on wall street, dagen, what's driving it? >> stocks fall and go boom, neil. three market cages, the dow down more than 200 points, a lot of that selling, a lot of those losses, half of them roughly are driven by both united technologies and ibm. lack luster results there. you want to talk about commodities lately getting creamed. gold falling to fresh five year lows, oil is up a little bit today. but all of these commodities, sugar, silver, copper, all in a tumble. some of the selling sparked by weak global demand because of the lackluster global economy and a rise in the u.s. dollar.

most commodities are priced in dollars, so a jump in the green back makes oil and gold more expensive to buyers and other currencies. the federal reserve is poised to raise interest rates very shortly, that increases the dollar, but makes yield bearing investments more attractive than gold which produces zero income. and get this, hedge funds and other investors are holding more bearish bets than bullish ones on gold for the first time going back to at least 2006. bullish bets falling for oil, but i know one thing, oil and copper are indicators of the global economy. gold not so much, maybe just a magnet for speculators running for the hills, neil? neil: if the market turns around, dagen will be wearing a green dress. >> no, i won't, i don't wear green, it's not flattering, no. neil: dagen, thank you very much. we started with the 16th

entrant for the republican presidential nomination. but when you think of governor kasich's emergence and think of the fact he polls at around 2% has better than 11.5 million bucks and consider the fact that ted cruz has north of $40 million. i was going through the 16 primary candidates and all the money they have at their disposal. we're up to about, my gosh, half a billion bucks. that's a lot of money! and then we're learning separately that the republican national committee in the latest period raised $10.1 million in the month of june, more than it has raised in a single month like ever. a lot of candidates with money, a big issue, and you have to start asking yourself with so many candidates, with so much money, what would hold them to drop out of race if they weren't going well? they still have money, they can keep going.

does that mean we have a broken convention. bob, what do you think of that possibility? >> it's always a possibility. i think it's more of a possibility this time around because of the super pacs and the wealthy donors. candidates drop out because they don't have the money. if the donors stay with the candidates, then you're going to see a lot of candidates who have ten to maybe 15%, and that does split up the delegates. of course, i think it's unlikely, but with the super pacs and the rise of super pacs, it's more likely than in recent times. neil: what do you make of that possibility, jackie? >> i think what this means is more money in politics. if you do have -- i don't think we're going to have 16 people vying for the presidential nomination for the republican side up until next year, but you might have two or three very strong candidates, and that means every state is going to matter. you remember in 2012 rick santorum won missouri, colorado, minnesota, he was going to the states where

there's only a couple of delegates and yet he was hitting every single one just in case it came down to the one or two delegates. if you have several strong candidates at the end here, you're going to see that. and states that don't see hide nor hair are going to see them in short order. neil: bob, i look at the math and the breakdown of the races in 2016 and beyond. it's not a winner take all. florida could go that way. a lot of these are not. if you have five or six entrants at that point, and they're kind of dividing the vote, i don't know what the cutoff point would be where you get no delegates, but you could stagger to cleveland with no clear winner. it's been a long time but not as if it's unprecedented. >> i think that compared to other years, this is an unprecedented year. you don't have a front-runner. jeb bush is among the

front-runners but not a clear front-runner. that's why the other candidates are in the race, they're not scared of jeb bush, not scared of hillary clinton. you could see a situation where you have someone like jeb bush probably not going to win iowa, may not win new hampshire or south carolina, but could still pull off the nomination because he's going to have the money. usually you must win one of the early three states, this year could be different. neil: we'll watch closely. tha you both, very much on this subject and others. we'll talk to mike huckabee soon, one of the 248 candidates running for president. we'll be speaking with him. i want to let you know they're having the apple outages at music store and app store, that is affecting people who want to order music or download apps. we don't know how widespread or extensive this is for apple. on the very same day it's going to announce quarterly earnings, and an earnings report we are told will be very good but might sort of lowbrow what's going on with those apple watches. separately, we are hearing from

the president of the united states better late than never according to critics, that the white house is ordering all flags to fly at half-staff in honor of the five victims of the chattanooga shooting rampage last week. we'll have more. pubut to get from theand yoold way to the new,d. you'll need the right it infrastructure. from a partner who knows how to make your enterprise more agile, borderless and secure. hp helps business move on all the possibilities of today. and stay ready for everything that is still to come.

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. >> i was coming up, and i see you senator, what a stiff, what a stiff. lindsey graham. [ laughter ]

>> by the way. by the way, he's registered zero in the polls, zero! he's on television all the time. neil: i think they call this doubling down, but not content with alienating john mccain and other powers that be in the party, donald trump going after lindsey graham, one of those 16 republicans vying for the republican presidential nomination. one joins us right now. former governor mike huckabee. governor, always good to have you. what did you make of what donald trump said of lindsey graham just moments ago. >> you know, neil, i get in enough trouble about the things i say but. i don't plan to get involved in this tangle with donald and everybody else. and you said 16 people in the race, i thought there were a lot more than that. 16 is a good number. neil: he does get -- and i probably said the media pounces on that sort of thing, they're going to follow up with the lindsey graham comments he has

said much of many of the candidates, you included. is he just a noisemaker, someone you take seriously, polls well or are you just concentrating on the race and chips land where they may. >> i'm concentrating on the race. when i talk to people in places like south carolina where i was yesterday, nobody comes up and asked me about donald trump. they want to know what i'm going to do about jobs, taxes, social security, medicare, keeping america safe. it's a lot of interest in the media because it's good copy. but in terms of the people who are out there struggling, and there are a lot of people hurting in this country right now. whose economy is not in the recovery that the president keeps talking about and they don't care about our cat fights among ourselves, they want somebody fighting for them instead. neil: i have a crackpot theory, concerns the populist appeal with donald trump and the other side with bernie sanders.

each speak to a certain rage that is palpable in the democratic party and palpable in the republican party as well. do you think it is so much trump as the messenger but his message, maybe some call it simplistic, a little in your face, that is resonating with voters who have had it. what do you make of that? >> something going on out there, and i can attest to this. there is a certain number of the voters who are so angry, it's not just displeasure, it's rage. it's white hot rage, and frankly, their feeling is not hey, i want you to go and govern, their feeling is i want you to burn it down. now that's not a sustainable kind of process, and certainly not what i think the overall population of america wants to elect someone to do, but people are angry and a lot of times people say i want someone who will fight. and i'll ask them, do you want them to fight to win and improve things or just fight?

because i've said any drunken redneck can walk in a bar and start a fight. the question is can he finish the fight? right now there is an enormous level of rage out there, and you see a lot of it in terms of how people are responding. neil: you know, governor, i think about where you fit in the race, and i remember you were so successful in your first run, and you were open and happy to mention religion, to mention jesus, to say god. and now, all these years later, you've got half a dozen other candidates doing, that governor kasich did the same thing. is it a crowded field for want of the religious vote for the better term? >> a lot of people realize the big bulk of america is certainly religious. they're either christian or jewish, but they believe that faith is an important part of what makes up the fabric of

america. but i think there's also another element. i mean i've never felt that my appeal was limited to people who were faith based but people who were work class, people left out of the washington to wall street axis of power. people sick of the donor class, tossing dollars at the political class and getting the dance that they want. so that's what i'm continuing to see out there in this early states. people are just sick of the political system where, they know that when they elect republicans, things don't really change that much. neil: you know, they're frustrated because they heard -- when i last had a chance to talk to you in orlando for the florida economic summit, they were frustrated by your comments on social security. not those who get social security, want social security, don't want it. you missed a golden opportunity to see we have a problem, a funding problem going forward and we've got to address it. governor christie of new jersey

among those abdicating raising the retirement age, means testing it, but you just avoided all of that, and the wrap i got from a lot of people, governor huckabee is not touching the third rail, and very wise politically, but he would not be the guy to address entitlements. what do you say? >> well, i think they're wrong, because what i say is there's two things we have to do, grow the economy so we can afford these programs. the second thing is one of the reasons i'm a strong supporter for the fair tax, a tax on consumption, it addresses one of the reasons we're in such trouble with social security. an ever decreasing number of people get their money through most wages. most income is derived by investments and capital gains which doesn't have social security tax. under the fair tax, when we tax consumption, the income stream that helps fund it is now all the general revenue.

that's a big difference, neil. but i don't think you tell somebody who has worked for 51 years and had their check taken out involuntarily that, by the way, we lied to you, we stole from you, and we're going to stick it to you one more time. i think that's not something you push on people who have worked a lifetime, and you blame them for the government screwing up. neil: governor huckabee, a pleasure, good seeing you again. >> good to see you, neil. neil: you be well. governor mike huckabee. we are trying to follow the apple outages, trying to see if it's a result of the hack attack. the company is not saying. the company not moving dramatically. what we do know is the apple music site is affected as well as app store. some are e-mailing they can download some apps, others they cannot. i haven't seen for myself, normally do i that during the show, if i'm bored, which i'm

not which is good for you. it apparently affected the music store and the app store. not much more to report on that. we can tell you there is still a sell-off going on there. better than 205 points. largely about the future warnings, companies like ibm and united technologies are not optimistic. we'll have more after this. corridors that were just totally pitch black. those things had to change. we wanted to restore our lighting system in the city. you can have the greatest dreams in the world, but unless you can finance those dreams, it doesn't happen. at the time that the bankruptcy filing was done, the public lighting authority had a hard time of finding a bank. citi did not run away from the table like some other bankers did. citi had the strength to help us go to the credit markets and raise the money. it's a brighter day in detroit. people can see better when they're out doing their tasks,

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. neil: all right, not just the markets, gold at about $1105 an ounce, continuing declining prices for gold. for a lot of gold producers, the guys that dig it up out of ground that $1100 is the cutoff point, anything below that is cost prohibitive to try to manufacture and dig for. the smaller players aren't even trying at these levels. we're getting close to that. ty young follows all of this stuff. let's say it dips below that

$1100. it goes precipitously lower. then what? >> well, neil, the reality is that gold is a commodity and it's down 40% since 2011. as far as the producers are concerned, if they can't make money getting it out of the ground, it's likely they stop doing that and stops the slide in the price, gold is down a good bit. neil: what is driving it? a stronger dollar. explain how that works out? >> three reasons gold is down. historically gold is a tremendous hedge against inflation, we're not showing numbers that show a lot of inflation, and the fed is talking about raising interest rates which would further stave off inflation, not a demand there. it's a hedge against a devaluing dollar. the fed is talking about raising interest rates, that's going to make the dollar stronger, not a lot of demand there. people wanted money safe where

it's protected against losses. in 2011, they lost 40% of their money. there are far better places if you want to protect it against losses, ordering a reasonable rate of return. not a lot of demand in gold there. lot of supply, not that much demand, prices go down dramatically. neil: what happens, ty? people worry about interest rates moving up, they will, where things get more expensive. the flipside of that, though, is you get presumably a stronger dollar, dollar denominated investments move up here and the commodities could affect farm products, tin, platinum, you name it. those prices start subsiding so it offsets interest rates hikes. the fears about interest rates and everyone getting, you know, hit hard by that, then ease because of the other factors, what do you make of that? >> well, certainly that's true to a degree. neil, i think that the reason

commodity prices are down and the commodity index is down 60% over the last five or six years, at least since 2010. the reason is slowing world economies. the economy in europe is essentially no growth. the economy here, the growth has been anemic, not a lot of demand for commodities and as a result, the prices come down because there is not that much demand. neil: always good seeing you, ty young, bearing ominous warnings, down 209 points,ed session lows right now. and during the break, i did get onto the apple site and was not able to download the fox news or fox business app. a plot? i don't know. they're having a host of problems at apple getting the site running smoothly because it's affect not only app site but music site, i don't know if that's across the board, i don't know if it's hack related. it might be one of the snafus.

it happens. fox apps? curious. no. a little more after this. can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit?

can a business have a soul? can a business be...alive?

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call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. . >> we do not have the right as grown-ups to ring up debts to suit ourselves and pass them onto the next generation. we do not have that right! >> i feel as strongly as anyone on the right or the left about the debt piling up in this country. 18 trillion dollars. people complain about it, bemoan it. when it comes time to put up the specifics and do something about it, neither party ever does. the debt gets bigger. what will happen if we keep ignoring it? pretty much the same international security threats we face according to joe lieberman with iran. we'll be talking with him.

speaking of threats, apple and problems online. donald trump has been speaking about apple, in his speech in south carolina, quoting from him here, i love apple, but where are they made? they have an office here and all of the workers there, we have to change it around, incentivize them so we make apple and the things they do here. in other words, why should apple have this double standard? this, when he was also take shots at lindsey graham, the south carolina senator. in case you were thinking that donald trump might be dialing himself back, i think they call that doubling down. a little more after this.

what is going on with atlanta will services? dagen mcdowell is looking into all of the above. the net before 10:00 a.m. eastern time the company's status page of a host of apple

services had trouble today, if full list would include apple music, apple tv, the apps store, let's hope they get them back up and running. the three big tech companies with earnings after the close, ibm king king, one reason the dow is down a one hundred points, microsoft, yahoo! run-throughs them quickly. microsoft expected to report earnings per share, $0.56 per share, a big right out and restructuring charges related to its mobile phone business. apple is trying to read good that, listen for any details on that and upcoming windows 10. then you move on to yahoo! $0.18 a share is the expected earnings, marissa meyer has been calling about mobile being its growth engine, as wall street

journal phrases it, and bearing fruit, the biggest juiciest piece of fruit of all, earnings per share is $1.81 is what is expected, iphone sales of the most critical number to watch, 49.4 million units expected for the quarter, that accounts for neely 70% of apple revenue in the last reporting period, someone else is here to talk about it and i know you are trying to log on to your various apps and services on the apple apps store. you are supposed to be entering this show. neil: adam shapiro, are they going to bury this? >> it will be aggregated with

several products, the category under which apple watch sales are reported. it will be locked in as one with ipod sales, apple tv sales, and electronics and other accessories. in the quarter we are going into they are expecting a one.6 to $1.7 billion in revenue and sales for all those items. however, one analyst is saying might be as high as $3.1 billion in the ring of one billion dollars in sales equate roughly 2 million to 3 million i watches so the number to watch, other products over $3 billion, apple has sold close to 3 million watches. neil: i heard pocket was going to be many millions more but it is not that and turned out is closer to that figure to delineate it. i guess the emphasis will be yes but look what we are doing over here, doing great with phones and everything else and otherwise worrisome earnings call.

>> they only missed on revenue eight of the last ten quarters but phones are where the money is now, 70% of revenue comes from my phone sales but there is concern phone sales are actually maturing, smart phone sales worldwide are slowing down so although china is a growth market and surpassed the united states as the number-1 smart phone market things could be slowing down for apple on that side. as for the watch look for apple to make statements about waiting for the apps designers to get on board with the watch. that is what we're hearing, the watch is not selling as well as apple would like but if you try to delineate where those numbers are every billion dollars above $1.6 billion in other product equates to roughly 2 million apple watch sales according to analysts. neil: thank you very much adam shapiro. tim cook who is running apple isn't running it the right way. according to the key businesses

he should be addressing, you argue he is not. explain. >> thanks for having me on. when we talk about a core business, we look at the earnings estimates and earnings reports coming out after the bell. we have to focus on the iphone. why are we learning more about the watch? the watch is wearable, a new market and apparently not doing very well because if it was selling in the millions and millions it was expected to sell we would hear about it. they would be crowing about it but they won't break that out as part of the earnings report. neil: what does that mean? disclosed apple shareholders regardless, and they could just be saying some new product launches have less bang for the buck and referred to the initial ipod sales, the initial iphone sales before they lowered the price. you are just not be leaving that.

>> if watch sales were doing so great they would delineate that out. the second thing is we have been hearing a lot of rumors about an apple cart, something called project coin. reuters and the wall street journal have been doing a lot of great reporting on this and this is not a core business. the rumor mill has been churning that not only is apple picking people up from tesla, and batteries where they settled a lawsuit but within apple a lot of good engineering talent is being taken away from core businesses and move into this autonomous car market which there is no autonomous car market out there so they're taking away from the core business and investing in a potential future market we don't know much about yet. neil: the same with the ipod when their core market were computers. >> absolutely but they need to keep their core market of focus on their core market under tim cook's leadership, what he's doing is looking for a legacy

project. perhaps where is the innovation? where is the steve jobs your innovation? he hoped that might be the watch, a watch a lot of analysts are not bullish on and all these rumblings about perhaps there will be an automated car. i think he is looking for a legacy type project, hoping it might be this, because we haven't seen a lot of innovation under his leadership. we have seen focus on social issues, lot of focus on pretending to be a green company where all carbon emissions come from manufacturing in china and shipping. neil: thank you very much. apple is the pick of potential car experience, just hired a formal top fiat exec so what is going on? tech trend watch liz campbell has more on that.

will they get into that? >> they are. it is too big category innovation for them to ignore. >> would they make the car? >> they make software, hardware, they will do both. all mercedes-benz and other folks running for the market because this is the next major change we will see in our lives, can you even renew that car? but we own a different car, and phones too. neil: what would be different? i have seen some of these self driving cars, they are idiotic, like the george judson king, not going to fit. assuming they make bigger versions what is the appeal? >> the point of the google car being small, looks more like a blood than a human. what they are trying to do is

scared technology they haven't seen before. neil: in the back, not out the window. >> it is pretty great, much more relaxed way to spend your time. neil: watch the road. >> computers will do a better job. 90% of accidents are caused by human error. we shouldn't -- neil: just a dumb question but many of them, do cause people with the technology, and roads that being paved? this was signed yesterday. >> startinto and that is what they will do. it is predicted sensors in 20 years will charge your car's batteries so there will be all kinds of things we can do off of the road, information to be exchanged between the road and the car, that is what the internet of things is about. neil: you mentioned phones before and the fact the when apple came in, come

>> that technology. but still cause, the better part of the century they have been around, plenty of manufacturing players, high-tech players coming in, that is a lot. >> ask people what they want and they stack faster horse, horses had a good run too, it is where the change is and the reason apple is doing this, it will not come out of mercedes-benz, question of cash reserves, they can hire away all the talent. if you are a good engineer at ford imagine when your family, guess what, going to palo alto. neil: what donald trump was saying. >> never listen to donald trump. neil: he was saying this company gets a lot of great press, great kudos when the stuff they make compaq erred abroad.

you say what? >> okay, and -- more entertaining. neil: apple does stay above the fray even though does do that. >> everyone manufactures, the reality is the jobs about source, entirely different subject matter. their opening new factories in the u.s. to stop doing that. they are wary is an issue. reality of the economy. neil: you are not supporting donald trump but you are looking. neil: you can throw anything at the young lady. 59 days and counting, and they have to wrestle with that deal of the u.s. congress, the security kill supporting that controversial agreement, joe lieberman is ticked off about it and warning the world, game

over. look what is going on in chicago. the sales tax of 10.5%. in chicago. you know what i mean. would you buy anything if you knew that was the taxpayers' audit?

neil: make it vacated the jeff flock in chicago, technically you have the highest sales tax in the country.

>> we will in 2016. and michigan avenue here, now you are paying, but the numbers that is you can see how chicago compares to the other big cities. and in seattle and l a and new york, just crazy and even in the downtown here. and the city imposes, it is 11.25%, pretty amazing. this money will go to fund pensions, public pensions which are underfunded. actually if they put the money there it could help the city's credit rating, if you look at chicago's credit rating compared to other cities or essentially joy and status with detroit

which is a lot worse than a lot of other places so that might be the silver lining, talk about tax and spend, in chicago we spend and raise taxes with other costs. pretty day out here. i will say that. neil: when they do raise those taxes, the hope is that revenue goes to addressing these pension issues but history suggests not only in your fine city but across the nation in washington national league, it doesn't necessarily end up that way. >> they have done the math on it. you can't tax your way out of the problem. you have to solve the pension problem. the money alone won't do it. you are absolutely right. neil: thank you, jeff flock. as jeff was speaking we were trying to get more on the apple outage we have been telling you about. apparently is not affecting everybody. the apple service has been affected so some apple music and

the customers are having trouble logging in and ordering. the apps store was down for many but not all users. and keeping an eye on it, happening on the same day getting a big earnings announcement out of apple, and the first hint of apple watchers, and adam shapiro has reporting of the fact that apple will bury that component, could maybe -- other things are going to more than offset that. it is expected to be a strong report, they make a lot of money and they will make 48 million or have sold 48 million iphones at a minimum so the shell game, just pay attention to this and don't pay attention to that watch thing. in the meantime look at oil. in and out of this $50 a barrel level. wyatt that matters so much. what does that mean, nth of

$50 a barrel? >> it is all psychological. $50 seems to be the line in this and the. we couldn't get below that number and when oil prices below everybody thought we were going to 20 but guess what happened? we went back at $50 a barrel, we shot back up to 50. release oil is an oxymoron. if you look it demand numbers for oil they have been astounding. gasoline demand in the u.s. through the roof, nearly a record high. if you of the oil demand from china, their imports went up 26% last month and near a record high so really what we are seeing in the price of oil really doesn't seem to match what the concerns that seem to be driving prices down. if you look at concerns about what will happen in china, what will happen with the possible rates and interest rates, that is a concern but an effective demand, our prices ahead of the curve? we have to wait and see.

>> if the dollar keeps gaining steam, that is not a great combo there. >> note is not but i will say this. if you look at the history of oil and its relationship to the dollar is probably the closest it has ever been and at some point and there's a possibility if demand exceeds expectations, you can see relationships breakdown. between oil and the dollar, it hit its zenith in 2009 when the fed started printing money because then that became the fundamentals, but raising interest rates, the quantitative easing is not in the u.s.. it will be in china and europe, that is where it will be but if that creates a lot of demand you can see it down between oil and

the long run. neil: iran coming in to play. it will be back 2 million barrels a day presumably. >> we know the ayatollah is not going to live up to the agreement anyway. and a lot of bluster, how much oil they bring to the market, we raise production by 400,000 barrels a day, i don't think they can do it. they have years of sanctions, oil production capability is degraded over the last several years. i think the market is too worried about oil the may not show up at all. when it does it comes in much smaller quantities than people think. neil: you remain an encyclopedia and i very much value in that. let's focus on that iran deal because joy lieberman is coming

up and there has been talk a majority of senators don't like this thing, number of democrats don't like either but you have to get to 67 if you don't like it because the president is already assuming it will be rejected. and the assumption is why they have the u.n. security council vote on this thing before congress. the president is factoring in and also affected in i will veto their rejection and they won't have the votes to override me. to joe lieberman on indications in the senate which yesterday and august number might have those 67 votes after all. who would have thought? after it this. [dad]i wear a dozen different hats

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staff for the five soldiers killed in the chattanooga shooting rampage. many critics say it was about time but that is going to happen. the president is heading to new york city to make an appearance on the jon stewart show, among stewart's last chose the 40 retires. everyone retires at a fairly young age. i worry when i see that trend but that is the president's plan. now we have missouri governor on what is going on with the separate debate. everyone talks about this iran measure but something even bigger near-term for you, this infrastructure. we have this idea that infrastructure is falling apart, we have to do something but we come to find that a bridge collapse not long ago supporting an a rating so we don't even know what to fix. >> there's a general

understanding that our infrastructure has deteriorated and we have not kept up with the developed world in terms of infrastructure investment. neil: whatever we committed to doing index inflation and the debate and drama would have been taken up. what about social security, indexed to inflation. >> live discussion about the best way to fund infrastructure needs clearly should be a priority and also ensure that we are spending dollars effectively when we do spend them. when i was governor in missouri we did a hundred bridgees, repaired 800 bridgees under one single contract rather than multiple contracts which led to pretty substantial cost savings. diane: is if we are not spending enough money. $79 billion. and eye-popping some. the assumption is it is not all going infrastructure because it would seem to cover the tab. >> i don't think we spend a

percentage on gdp as other developed countries. neil: are you confident the money, $16 billion is going to -- >> i am sure it can be spent more wisely. i point to the way we did that in missouri, it was more effective and more of a public-private partnership is you will in terms of how we outdid the funding, the sort of thing we have to look at, better expenditure of those dollars. neil: when you are looking at this and saying we got to raise the gas tax and that has not been raised in quite sometime. how do we make it effective and how do we choose what has to be fixed in the case of the bridge collapse, it was fine and authorities didn't seem to think it had any issues, any problems and the agency was going to have a high rating? >> clearly there was a problem

in the inspection process and we need to ensure the inspection process of investing in infrastructure is adequate and we are capturing those deficiencies before a disaster like that occurs. neil: do you get a sense republicans are lead to recommend, this is not the time ahead of the race. critics are saying they sanusi bridges fall down than risk getting the ding in the polls. >> i am convinced, americans are leery of taxes, have been, that is the case today. and a conversation about how you most effectively create the revenue to meet infrastructure needs. neil: do you look with john kasich and the presidential race right now it is too crowded that these guys going to be eating their young and by the time someone comes out of cleveland

it is going to be a wounded party? >> we seldom have been saddened wheat and have enough or too many candidates, viable candidates, a number of candidates for president of the united states, president of the united states, it develops a lot of excitement like most people, assumed there was a smaller field but it is what it is and i imagine a smaller group of candidates will emerge from that field. neil: will donald trump be among? he is calling very well. >> i'm not here to handicap donald trump. that has proven to be difficult. neil: he has a strategy, criticize john mccain, lindsey graham, he has gone after virtually all the major candidates, do you get a sense that he could damage the party in the process of the nomination battle?

>> there's a risk any candidate could do that. he has figured out how to capture attention and generate headlines and doing that. viable candidates emerge from the field and will be the nominee for the party. neil: has to be a governor, senator, might cause fights in your household. >> historically governors have done well as a republican candidate and there are number of candidates that could emerge from the field but some members of the senate have tapped into certain conservatism. i don't have a candidate. there are a number of candidates that can expand the map. neil: if elected he would leave the country? >> not that i would say. neil: thank you very much. when we come back we have all these developments going on with

this iran deal and the mullahs are criticizing it and they are the ones who supposedly have the most to gain. anyway, you have some powerful republicans and democrats saying it is not a slam dunk, we don't have the votes to override what the president of the united states will attempt to veto. among some former senator joe lieberman is next. . . . . are you moving forward fast enough? everywhere you look, it strategy is now business strategy.

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neil: all right. we have joe lieberman with us right now. former independent senator, vice-presidential candidate on the democratic ticket. he is joining with some very powerful republicans including lindsey graham and john mccain. no big fan of this deal with iran. no nukes for iran tour. i don't know if it is quite like the rolling stones or anything like that. bottom line, senator, do you think this is important enough to be heard. why? a lot of those in the administration say you don't know, it is a better deal than you think. what do you think? >> first, neil, let me thank you for including my name in a sentence that also included the rolling stones. neil: that is -- a lot of young people here had no idea what i was talkinabout. >> first time in my life that's happened. this is -- i thought back to my 24 years in the senate. i can't think of a vote i cast apart from deploying american

troops into combat as this important this agreement will be to the future security of the united states. the amazing thing to say, which people don't talk about that nobody thinks this agreement has the possibility of getting approved by congress. in other words, it is clear that there is a majority that will reject it. the only question is, will there be 2/3 in both chambers to override a presidential veto. i can -- neil: what do you think of that? it is close. might be close. i'm told need at least another 10 votes to do that. >> i think they're there. they're not there now but they can be there. if you combine those clearly already set against it with those remain undecided well over 2/3 in both chambers about. people are looking at it seriously. they know the importance of the vote. they know they voted for sanctions, congress over the years, against republican and democratic presidents, strong bipartisan majorities for a single reason.

that economic sanctions on iran would only come off if iran's nuclear weapons program ended. this agreement does the opposite. take the sanctions off and after a period of years they get to be a nuclear power. i think that is the reason there is enough votes here to reject this agreement and tell the administration, go back to the table and negotiate a better deal. neil: you know john kerry had said, senator, i'm paraphrasing here, you don't like this deal, the next will turn into war. what did you make of that? >> well that is just not right. and that is natural debating tactic but all of opposed to agreement don't want war. we want a better agreement. and we feel that the u.s. and our allies went into these negotiations in a powerful position because the iranian economy was really suffering but we basically conceded and conceded and conceded to the iranians. it was as if they were

dominating the negotiations. they're a second or third-rate power. we're the greatest country in the world. yet they got more from us in this negotiation and our allies, than we got from them. neil: senator, i know you're doing this with senator john mccain and senator lindsey graham, two gentlemen donald trump has been very, very critical including lindsey graham just this morning in south carolina. i want you to react to this. this donald trump. >> so they say they didn't like the way that, you know, the little, i'm a little loud. i'm a little too strong. they don't like it. and then i watch this idiot lindsey graham on television today and he calls me a jackass. he is a jackass. neil: what do you think of that? >> well you know, i think the dialogue in the campaign has gotten to a terrible point. and, let's raise it up again to the issues that the american people care about. neil: what the hell are you talking about? i don't understand.

>> quietly look what donald trump said. he said john mccain is not a war hero. he got captured. i don't like people who get captured. well, what an insult to a guy who got captured because he was carrying out a dangerous mission in service of his company. neil: he tried to dial it back a little bit, senator. i'm not excusing that comment. but then he doubled down by saying what he did of lindsay graham. he has said those guys shot him first. they criticized him first and lindsey graham did call trump a jackass. >> yeah. that was after he stayed what he said. why doesn't everybody stop to get back talking about you who keep america safe in a dangerous world. how to improve our economist. how to make our public schools better, et cetera. neil: are you surprised that trump polls as well as he does even post these comments? >> yeah, i am. i think people who are leaders in the republican party are probably more than surprised.

they're really terrified about it because there is no way donald trump is going to be elected the next president of the united states. so, let's hope that voters are heard in a different direction when they come out to vote. but, most of all, let's stop the name-calling. it really gets nowhere. let's go back to the issues that the country faces and deal with them constructively. neil: the fact that whatever you call it with donald trump, whether the people are ignoring the messenger and focusing on his message, there is rage there. there is rage that is building these huge crowds like bernie sanders on the left and right, two different examples but very real populist and palpable anger. what do you make of that and whether the parties either are sensing the gravity of that? >> yeah. well i think the crowds coming out for bernie sanders and the poll numbers for donald trump show that in each party there are a group of people who are

really angry. i don't know that it's a majority but it's a significant minority and it is going to be a challenge to the candidates who get the nomination to try to deal with that construction tiffly. anger is not a policy. you got to have a policy in response to what's making the people angry. i think a lot of that is fear about the spread of terrorism including in our country. you have a terrorist walk in and shoot five marines in an american city? it is outrageous but also continuing anger about unfairness in the economy which we've got to see the candidates respond to. most of all, i think, the candidates have to be responsible. when you know there is anger out there, it is easy to appeal to the anger and in some sense to raise it up to a, enrage people more. that may make them feel good but that is not the way the country gets better. really in the end gets better if

people work across party lines to get something done here in washington, which hasn't happened very much lately. neil: no, it has not. senator, very well-put. i like that line, anger is not a policy i will steal that as my own. >> this is exclusive from me to neil cavuto. neil: i like that. that was very nice for you to do. i appreciate that. but i will not give you credit. >> okay. neil: senator, thank you very much. >> neil, always great to be with you. neil: and years to this fine country. we'll have more. dow down about 250 points. stick around.

>> i'm dagen mcdowell. this is your fox business brief. nfl proving tv deals mean big bucks. the nfl brought in at least $7.2 billion last year, the money split evenly between the 32 teams. each team received $226.4 million. most of the revenue comes from the various television deals the nfl has. cbs will pay the nf l3 hundred million dollars this year to air "thursday night football." other deals to name a few, including ones with nbc, fox, the nfl network. the nfl has sheen its share of scandals. roger goodell "deflategate" decision could come any day. tom brady is set to make $8 million this season. if the suspension holds he would

lose a quarter of that money. market, 200 points loss for the dow. "cavuto: coast to coast" will be back in one minute. can a business have a mind?

a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? neil: yeah, the vice president. he has been a busy bee of late. he is starting economic tour today later in denver. and, it's a multicity tour to tout how the economy has turned around. a lot of people read things between the line, maybe he is

positioning himself as a late entrant. hard to believe these days you call that being a latent front in this presidential rate. -- late entrant. how likely is that? what are you getting? this is sort of an effort on the part of the vice president to sort of, you know, reintroduce himself to the american public, post the death of his son? or is he heeding the advice of some of those kids who have been telling him, you know, dad, run, run? >> no, i don't think this beginning of abiden run. he won't announce until summer is over maybe sometime september. i think that is bad idea. vice president biden is easy target for republicans. unlike any other democratic candidates or more like the democratic candidates he is tied to obama years, obama fend today.

record on foreign policy and economic policy. he has a lot to run from if he is actually running he has more baggage and most. neil: a lot of people remember how things were, rachel. that they are better than they were is it? >> i think he is trying to hedge his bets. he will try to put lipstick on this pig of the economy. neil: it is really not that pig after economy. when you think of where we were, i'm not casting democratic or republican -- >> talk about, he has to hold this obama coalition together. and that single women, minorities, young people. these people are doing worse than they were before obama came up. neil: ones are passionate for obama. and he was the one who led the president on gay rights. >> 2 1/2 million more hispanics living in economy. income levels for black and hispanics are down. student loan debt is worse. neil: you're not saying don't even bother, mr. vice president. >> i think he is doing what he wants to do to make it look good. he is in trouble if he will run

on a obama economy. neil: hadley, if that is the case, i know how these conventions go. talk about what each side. republicans say things are awful. democrats say remember where we were? remember markets free-falling. remember all that going on, they're a lot better. they will argue and some even rephrased it like this, maybe not, off the to races but off the mat. and that is something that they're going to pound. you want to go back to republicans. how would a joe biden address that? or would boater? >> well, i think this is where he again faces a short-coming or disadvantage compared to other democrats who can say look how far we've come and we still have further to go. joe biden unlike rest of democratic candidates has a hand in this. secondhand man to president obama. neil: do you think he is looking how vulnerable hillary clinton is looking and how sanders is eating her lunch in couple places. >> i actually think he is. neil: do you. >> i think he is looking at this. he knows how unlikeable hillary

is. he is a likeable guy. neil: yeah. >> you bun fortunately like hillary he has some pretty bad policies tied around his neck. neil: ladies we'll watch very, very closely here. meantime i want to bring your attention to this apple snafu they had services down on beats side side and app side. we're told everything is fine. some three hours after this. we're not sure whether hack attack or something just technical that happens. trish regan, nevertheless it is done and now all eyes on the earnings announcement. right? trish: what i like about apple i consider it part of around economic barometer, right? if people spend the money they have to spend on one of these phones then that is telling us something. we look at sales very closely. it is anticipated they may get 48 million in cell phone sales, iphone sales this quarter. that is of course course a worldwide number. i think very much a statement on the health of the global

consumer. neil: you think about it, trish, we covered earnings reports over the years, it is all about pay no attention to this. focus on this. apple will say pay no tanks to the watch thing. it is doing phone but really look at the phone thing. look at whatever else they are looking at but won't be the watch. if they sold enough they could just say already, bid up our stock. >> you know, they may want to sort of let that one slide, right? neil: right. >> the watch thus far taken off, neil. would you wear one? neil: yes i would. trish: you would? neil: yes i would. i'm a geek. you're not, trish. trish: i don't like a watch period. neil: someone has to carry the torch, young lady. might as well be me. trish: it is all yours then, it is always yours. they will try to gloss over that number but we won't, neil. neil: good job, my friend. coming up at top. hour, trish regan.

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switch to liberty mutual and you can save up to $423. for a free quote today,call liberty mutual insurance at see car insurance in a whole new light. liberty mutual insurance. neil: every parents worst nightmare. your kid blows a the $0,000 college -- $90,000 fund and blames you. makes you think, why did i have kids. charlie gasparino. charlie, this is a true story. cause ad national uproar. people say ingratitude. >> makes my point about millenials the worst generation ever. neil: not kaley's millenials. >> i'm older. >> this is it huge upgrade in

your millenial panelists, both beautiful and smart. it is hard to attack kaley. while she is here doing work, julian melcher, rubbing elbows on "the national review" cruise with newsmakers like pat caddel. she is taking down names and -- neil: you heard this. you heard this. criticizes millenials all the time. i don't think it is typical of millenials. she is spoiled little brat. >> absolutely not typical about millenials. this is one person. you can find one person. i would allege your generation is worse than mine when it comes to savings for instance. most millenial safe save 5% more of income. >> they only made 20 grand a year on average. i will say this, these stories we don't go looking for these stories how the ine millenials are. these are in the people every day. not like i have a whole fox research team going out there and --

neil: saying all millenials. >> think about this. there have to be, there are some interesting confluence here. >> no, there is not because -- neil: you don't think young people are like that? >> this is the most educated generation in history. charlie, because there is false narrative spawned in large part -- neil: are you angry? >> no, my parents were great to me. most millenials are grateful. >> these stories pop up. >> there is false narrative with millenials are lazy and we keep playing to the stories. >> but they keep happening. i hadn't arguing with her because she is so smart. she foes to harvard. she works. she is not on "the national review" cruise. neil: that we know of. >> doing roof if is or whatever they do on "the national review" cruise. neil: oh, my gosh. wandwant to crawl underneath charlie. this is not known to management. look at the time. we'll be right back.

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neil: time for today's pointless chart showing the course of the dollar in yellow and the course of oil. ralph, our producer wanted me to relay this to you when the dollar goes up oil goes down because it is priced in dollars and ralph, thank you, for that. cnbc thanks you for that. our ratings and demo thank you for that. trish regan right now. trish: neil cavuto, thank you so much. a big selloff underway. off 215 on the dow. triple-digit losses, nowhere to hide as we watch the s&p. every sector loyer. disappointing earnings out of ibm and ut, united technologies which contributed to all of this selling we're looking at now. gold meanwhile actually seeing the biggest straight loss that we have seen for gold in seven years at a five-year low. see if we show you gold prices right now as you're looking at the nasdaq, the dow and the s&p, all trading lower, off by nearly