ashley: will see. last half hour. don't miss liz claman down on the floor. stuart: connell mcshane and four neil cavuto. >> we are covering today the report that killed two journalists on my television this morning now shooting and killing himself according to the station where this woman you are looking not was killed by the shooter. the station wdbj in virginia and tweeting says he's killed himself on i 66 that you are looking at. allison parker was interviewing a woman live on the air about a quarter to 7:00 eastern time in the crew was there appeared a photographer, the person she was interviewing a guy comes up and opens fire on her. 41-year-old deseret flanagan,

roanoke, virginia professionally known as rice williams worked as an on-air reporter. it is a situation ongoing. the reports this man has now shot and killed himself. we will come back to it throughout the hour contributing to our markets is what we've been doing all week long. i've been down and all over the place. 189 to the upside look like maybe we would be of more than we are now. yesterday for 500 points higher. ty young starts us off on "cavuto coast-to-coast." but you make of the week? we have to put some perspective on this. today feels like a little bit like yesterday. what do you think? >> i'm not so sure we have

either. a very bad week last week as you know. we haven't had any since 2008. we started down 580 points. open big yesterday and ended up closing down a little bit today is starting to feel like yesterday. there's more downside in the market can honestly look at it, we anticipate the market will continue. connell: simply put, looking at some investors put it, looking for a bottom we just haven't found. what is going on? >> that is exactly the case. trying to catch the proverbial falling knife. i'm really not in the long term invest your come back and say this is value it got to have. i am just not seeing the interest at this point. connell: what is behind this be

a china, federal reserve, something else. what is behind the huge selloff we had leading into today at 1900 points in the idea we still can't find a bottom. what is the trigger here? >> it is not one thing. china is the second biggest economy in the world. they lowered interest rates five times and it hasn't worked. what i think that is done is cause to as americans to take a long look at our economy and our market. what that means if investors don't like what they see. they see poor monetary policy. they see regulation and energy sectors. we live in the greatest country in the world with the greatest markets in the world but we've got some things we have to work through the short-term before we get back to historical levels. connell: any time you have data you can cherry pick and find arguments to say our economy is

strengthening and things are going pretty well. whatever it may be on a given day, but big picture, forget about china or other parts commended the picture is things are in trouble. >> there is. if we look at our economy is held, we've had anemic economic growth. the rest have been one with the affection of 2009 or the economy contracted. would have been years ago was wall street and main street decoupled and the stock market in the poor monetary policy printing of money and low interest rates has gone up for the economy has not followed. we are seeing the market coming back and we've got some more downside. connell: i will talk with nicole to get her reporting on it, but do you think there's any message in these days? the last half an hour ashley

webster just refer to god was collapse. let's pay attention and see out the market closes. what if anything does that tell us on a day-to-day basis if we do again today? >> we don't know. i think it speaks volumes. what happens on the open is not as what happens on the close. when we see the market do what they can close off the day that's a negative sign for the following day. what that signals to us is more downside in the market here. fasters are coming in wholeheartedly. they don't want to be holding their positions the next day. connell: another uncommon to gain. tae young starting us off. nicole petallides is on the floor of the new york stock exchange. it is a market rally, but it feels like yesterday.

it feels like what we went through yesterday. >> we're up over 400-point yesterday. yesterday fizzled into negative territory and right now we are up 187. traders yesterday maybe a little bit yesterday. when i talk to them, someone like alan valadez said if you were in the market you hold peered if you have new money you don't put it to work here. the level on the s&p 500. next up for public 1877. jeffrey frankel says there's just no leadership. you are not going to have a business leader like jamie dimon or warren buffett say this is the greatest opportunity. that brings me to the minors. there are some names looking good today. let's look at them including amazon. amazon is at 3.5%. they did have their new service, delivering to your home.

apple was a winner for the week. the only component and even that too is slipping into negative territory but it's up about 2%. google at 3.7% with the best of the day. back to you. connell: we will come back to you, nicole, many times throughout the day. we will see how much we can hang onto this. we talked about the market. certainly into the economics of little bit. let's focus on the politics. the republican presidential candidates blaming the obama administration. it's a campaign. former texas senator says america shouldn't be worrying so much about the legacy of the president producer now wrote a piece in "the wall street journal" getting a lot of attention. good to see you, by the way. the piece to ask dr and ronald reagan and the transformative

nature of his presidency. >> whether you agree or don't agree, america is a different country than it was today. >> is transformed the country. >> he is transformed the country. he has vastly expanded the role of government. government plays an increasing role in our lives. it dominates the banking system, the health care system. energy production. it is now a dominant force in the internet. so if you look at 100 years and ask yourself who is changed america, remember this is the president who said he wanted to be transformative. connell: the question is has the transformation been a positive or negative. we are all over the place of the market and the dow is down 1000.9500 peer all over the map.

some of the people running for president say this is the president fall. part of the transformation talking about government intervention. >> look, if you are for it, you can give it credit. the bottom line is indisputable that under the new economy that we have with the vast expansion of government growth has stagnated. now what is produced in the market today? you've got to remember the people you interview has to say some thing. the reality is we are in a downward adjustment. is it because we've been floating on a sea of liquidity and people increasingly concerned about it. my guess is all of the above. connell: i think it's interesting to look at your peas

just reading through the roosevelt reagan comparison stands out. a lot of people reading that and knowing your political back round say he must be making a negative judgment. >> no, what i'm saying, which i think is important and is important to the campaign when you look at how obama brought this transformation, he did it using executive orders that a level no one has ever done before. that can all be reversed by a new president. he discovered analyzing progressive blog and debate that people always balked when they saw the details so we stayed away from the details and he wrote laws that set out object is in the solution to be provided basically after the law was passed over and over again.

is the point. the discretionary law for him to do what he did comment a new president can use the discretionary authority to largely circumvent what he did. finally, jefferson used to say good men with the same facts can disagree. i think america bought into the fdr transformation. they bought into the reagan transformation. i don't think americans have bought into the obama transformation. it never was bipartisan. republicans have united to repeal it. so i think the transformation rest on the bed of sand and i think the presidential campaign the republicans thought to be about not just seeing who can scream the loudest that they want to undo what obama has done, but who's got a coherent,

believable program for doing it. that's what the debate ought to be. connell: we are out of time, but is there one name that stands out? >> nobody has to get. i hope everybody is working. senator phil gramm, good to see you. we have more to focus on the markets. talking about how wild this week has been in cherry willis joins us with the big winners and losers. something we normally talk about on a friday, but we are not there yet. i looked at the dow. we know that for today they are all winners. apple leading the charge about a quarter of a percent on the week. this just added to the gallon back then they said it will go up a little bit and then come

back down. it's doing better than any component today. intel also hired by a smidgen. here is what is doing on the day. both tech stocks i find interesting. both rely on china for their results. we've seen this as a china correction, but some companies with results from international markets doing well. at the bottom, this is pfizer is this go. we just updated this chart. a health care stock and a tech company, cisco, at the bottom of the heap. connell: we will come back with some of these winners and losers throughout the show today. we are just getting started on "cavuto coast-to-coast." we will also go back to virginia and the awful story there. donald trump in the media. see the news conference at the univision television anchor was kicked out in the love back in. charlie gasparino is back in with whether trump is hurting

himself with these moves. back in a minute.

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with exclusive behind the scenes footage, all of taylor swift's music videos, interviews, and more. xfinity is the destination for all things taylor swift. connell: "cavuto coast-to-coast." it is business alert time. last night of course he's going back and forth with this television anchor from univision, jorge ramos. in a news conference this guy wants to ask a question. watch this and then we'll talk to gasparino. >> x uses a come and sit down. state down. [inaudible] >> no you don't. you haven't been called. go back to univision. connell: gasparino is here. >> you don't have any rights.

only i have right. go back to mexico. i want to build a wall to keep guys like you out, reporters. connell: he let them back in. >> in donald's defense, that guy is a very sort of antagonist tick questioner. he is looking to create a scene. >> he wants to create. he really wanted this. i'm not going to give you anything more. >> it never seems to hurt him. not yet anyways. >> he's going after got a lot. anthony asked him for a meeting so he could jump ship and join

the trump campaign. >> is a big supporter. just tell up real quick about what happened. >> i will give you the blow-by-blow. donald called him and said just a say in it. donald called him to meet because he says how come you are always supporting walker and they decided to meet and anthony did not go public with it. could've come on fox business and gone public. he did so after they shook hands on a number of issues including the fact donald attacked hedge fund managers, paper pushers. anthony is already a hedge fund manager. they still met and shook hands and somehow donald's thought it was wise to say anthony called him. i wasn't there. i don't know. why would he create this elaborate scheme.

>> he says that never happened. >> he said donald called him. it doesn't make any sense. connell: with that issue, every day is something. nothing seems to stick. >> e. is an amazing guy to be honest with you in terms of a candidate. he's got a couple hard core issues he has homeless, issues the republican establishment has been with scott walker in that camp the whole notion of immigration we can come to this country illegally and feast on our welfare state. as someone who comes from anagrams, i just find it outrageous you could have a welfare's date. donald is hitting that notion.

the other thing people like his is not politically correct. you can't say anything, can't do anything. a woman in alabama and everybody is fond, somehow that equates to racism. that is what happened at the university of alabama. excuse me, it was a sorority. i am just saying donald speaks that sort of truth. he has incredible rhetorical excesses. a lot of his economic theories don't make sense to me. at some point you can be fighting the world. it's one thing to fight hillary clinton. another thing to pick a fight with anthony. connell: they keep saying he's ceiling and can't go higher. >> i know how he attacks.

connell: your oppression is getting better. more coming up on "cavuto coast-to-coast."

connell: back to the breaking news as terrific as it is with virginia with the reporter and photographer shot on live television during the morning news. ashley webster has been updated as more information comes available. ashley: we understand the man accused of these killings, 21-year-old vester lee flanagan who went to the name rice williams when he was recording on error. the same television where these individuals, after more of the cameraman at the time just 27 years old. we understand flanagan was confronted by police on interstate 66 well north of roanoke. southwest of washington d.c. he shot himself. initial reports said he killed himself but now he's in critical

condition and has been transported to a local hospital. he was described as a disgruntled former employee was censored a dispute involving h.r. at the station and many people had seen what happened this morning around 6:45 a.m. eastern time. the reporter, allison parker was doing a live report when she was shot as was the camera person, the person interviewed. her name is vicki gardener. she's in stable condition. she underwent surgery after being hit in this attack. she is reported in stable condition. we will follow this and also the condition of vester lee flanagan, the man accused of shooting two coworkers today. connell: what about the timing of his employment at the station. ashley: that hasn't come out. he did apparently overnight fax

or e-mail 23 pages document outlining his manifesto and why he would subside. that is passed on to authorities. we are so trying to dig into this. we do understand a 1:00 p.m. press conference at least that is the last we heard. connell: things, actually. we will check in with you but we will search to keep people up to date as the reports continue to come to us. the market had been watching all day long. we hang on to gain. given what we said yesterday, the feeling is similar that maybe we given up at the close. what neil talks about a lot on the show thank yankee at investf your time horizon. are you a millennial, how should you feel differently depending which group you fit into.

millennial researcher jason dorsey joins us now. you know why this is a good topic because anytime there is a market weekly this, when the market either shoots up or shoots down, everybody starts talking about it in generalities as if there's a one-size-fits-all answer. the reality is you should move your money into different types of asset. if you are younger and see a market like this in your time horizon is years and years, how do you handle it? >> you handle it the complete opposite. this is a great time to get into the market if you're not already. a study that speaks to what you say and we found millennial are the least prepared and least knowledgeable. but more years we can get behind a somewhat of money work for us, a huge win.

the problem is no one else young we don't do that. we haven't been through when the market goes down. we are calling our mom and dad. they are in a totally different place. >> the emotion is going to be much greater than if you had. so the better idea and this is a tough one for millennial is to save more money and investing it. it is hard to put a lot of money in her max out your cave. a lot of the starting positions to do that. >> this study we did for millennial studies 401(k) which is shocking because come i don't know if you are not making much money companies have to justify this. for many millennia else, you can take any amount of money and let it work for you. is that a period the investment

profile looks like their mom and dad. the most conservative group. you are exactly right. they make sense if you are millennial. it's been on a tear now. there's a lot of uncertainty and we don't have dual income like other generations. but all this together and we are very conservative and that really works against us. we will not have social security. half of us think we will have a hero, not a single cent and that is where there is a conflict. we don't realize we have to invest now we are in big trouble. it's only going to get worse and we have to get the message out. when you look at the click robo advisors, if you don't have a human relationship that says it

will sit you down or text you and say trust me, you've got to do this over time. you freak out. connell: and that is the natural reaction. that is something we should talk more about and we appreciate you talking about it today. bill clinton backed the politics. supposedly the former president is very agitated by the growing rumors that guy in the right side of your screen is running for president against hillary clinton. talking about where the gop might be celebrating mr. biden getting into the race. coming up next on "cavuto coast-to-coast." the promise of the cloud is that every organization

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. connell: "cavuto: coast-to-coast." talking to nicole how it felt like yesterday in the market, and we're only up 127 right now. yesterday sold aggressively in the close. we started to fade earlier. not very convincing. we said we'd talk about politics and whether bill clinton is upset about joe biden possibly getting into the race. it's interesting, blake burman joins us now. >> reporter: certainly, is connell. the break from the campaign trail is over for hillary clinton. she's back from vacation and returns to a jam-packed schedule. clinton makes three different stops in iowa today. tomorrow morning in ohio.

tomorrow evening in los angeles for a fund-raiser. now as you mentioned, this all comes as the interest and speculation in the joe biden's decision intensifies. this morning, politico reported former president bill clinton is, quote, very agitated by the possibility of a biden campaign. politico adds on top of that bill clinton is incensed at the current biden hype. on the record, hillary clinton's campaign has been consistently complimentary of biden. just last night, the campaign manager brian fallon told alan colmes they feel biden would be a quote formidable opponent. the white house has steered clear saying selecting biden as vice presidential nominee has been the best decision president obama made. that had one reporter asking earlier this week, what about the former secretary of state? >> yeah, it was, it was, and i think what the president spoke

at quite some length about the appreciation, respect and admiration he has for the service of secretary clinton, particularly in her four years as secretary of state. >> reporter: briefly, here is what could be giving the clinton camp some pause in a swing state poll earlier this week. joe biden in a head-to-head matchup fared better against donald trump, marco rubio and jeb bush than hillary clinton and bernie sanders did. and joe biden polling in the low double digits nationally as well. he hasn't thrown his hat into the ring just yet. connell: if he does yet, in you will see the polls switch around. christie setzer and hadley with the independent women's forum. the idea that all the clowns, i use that as a term that others have used, saying that the republican race is like a clown car. maybe it's a democratic race, too. the intrigue on this between

the president, his former cabinet secretary in hillary clinton and current vice president, apparently a lot of republicans and i don't know, hadley, a lot of republicans are celebrating this attention that joe bind biden is giving to the democratic side. >> i'm not sure an actual run would be good for republicans, let me explain what i mean. i think speculation means democrats are signaling they're not excited about top two front-runners, hillary clinton or bernie sanders. an actual run from joe biden shouldn't be underestimated. likable, a good speaker and not someone republicans should write off. connell: although as blake pointed out in the swing state poll, he matches up better with trump and the top republican candidates. the history of joe biden running for president is not good history for him.

why would it be different this time? >> it might not be. the difference is that there's a clear opening that he and many others see that, you know, you are seeing hillary as a weakened candidate right now. look count me among those that think competition for hillary clinton is a good thing right now. it will improve her candidacy. i think it already has. we saw that when bernie sanders started picking up steam, you saw hillary clinton talks about issues that are of importance to progressives, income inequality, wall street reform, raising minimum wage, issues like that. the same thing would happen with the specter of a biden candidacy, that it's going to force hillary's campaign to pick up the pace a little. clean up internal mess a bit. connell: get challenged. sometimes you get challenged, you respond better. i'm trying to figure out what's going on. i think the democrats are not excited about biden and the republicans are skeptical about biden. not sure what the motives are in all of this, hadley.

i don't know, but you're serious about this, you think biden is a tougher opponent than hillary? >> he certainly has different baggage. i'm not going to say he's the ideal candidate. there is no ideal candidate on either side of the aisle in this field on either side. vice president biden would represent a third term for the obama years. republicans would attempt to paint him that way, he is gaffe prone, he's made missteps in office, those would be scrutinized more if he wto past month seen a dip in her ratings. she's had gaffes of her own and mishandling of server-gate has her turn in a big way. connell: thanks to both of you, wrap it up. want to go back to the market, giving up the gains on wall street. the dow of course had been up and is still up, but it is off those highs. only up 122. dagen is here with the sector report, what are we focused on? >> risk, information

technology, the tech stocks feeling the most love today connell. you can take a look. i'm going to go through the sectors, these are individual stocks higher. this is a sector report, spyder, we're going to talk about sectors, information technology as 21 past 12:00. 1.99%. that is the biggest winner today, and it's also down the least for this week so far. materials, telecom services, energy stocks are up today. maybe that schlumberger-cameron deal sending love to energy stocks, the energy stocks are up 1.35%, but again, utilities are feeling the least amount of love, but they are still green, so all of your major s&p 500 sectors are up at the moment. connell? . >> hanging on just barely, the way this is shaping up. thank you. midwest gas prices shooting up following the breakdown of the refinery in whiting, indiana, will gas prices finally start

to come down in a significant way? live report from the refinery. jeff flock up next.

. connell: let's go to this refinery story. i mentioned it, the oil refinery in indiana. restarted the operations after the unexpected shutdown on august 8 for repairs. jeff flock joins us with what this might mean for gas prices in the midwest. hi, jeff. >> reporter: got to mean good news, connell. the biggest refinery in the midwest. bp's largest refinery in the world, and much of it was shut down for a long period of time. take a look at oil today. actually oil today, another down day, and it's as much about fear in china and the economy as it is the glut of oil worldwide. that's what's pushing that down.

what was the impact of this refinery shutdown? take a look at gas prices, chicago. what happened when this refinery shut down. the gas prices shot up. almost a dollar. in some areas in the big city it was up over a dollar a gallon, overnight. the national average is down to $2.56. and everybody expects that to go lower. here's the other positive news on that. what's the impact on the economy when gas prices go down? take a look at just this scenario. april of last year at $3.70 a gallon for the average regular. now at $2.56. the average car uses 13 gallons a week, that's $770 a year in your pocket. got to be good news, right? connell: got to be. we're going to pick up on that, thank you, jeff. go to the next guest to talk about the economy and the federal reserve, and what happens next. mark yusko is our next guest

and he joins us now. i'm going to get into the market, we're on top of, it it's giving up the gains much like yesterday. what about the consumer effect of lower gas prices if we get there? what's more important to you? oil prices that are stable, going up a little bit and indicate the economy is not a disaster, or lower gas prices for the consumer. which one wins? >> whoa, that's a good question, connell. and we started the year with this thing called the morgan creek surprises, and both of those that you mentioned were squarely in there. one we thought that oil prices would head down, not up, and they'd be lower for longer. but then the surprise was that we didn't think that the consumer would really spend all that savings, because one gasoline prices didn't really fall as much as we thought. they have recently, but there's a lag effect. so maybe in the future we'll see more spending. connell: so the fed has to consider something like that, right? and they're making a decision or making a decision not to make a decision next month.

whatever they do, they have to decide where the economy is. how much this market shock has affected things. let's just say the fed does not hike rates right away, what message does that signal that the economy is in trouble or we get it, we need to stabilize things a bit? >> i think they're in a really tough position right now. i think they have clearly painted themselves into a corner. we started the year in january with one of our big surprises that they would not raise rates this year. the fact that they decided to go ahead and say they were going raise rates in september or hint that they were, i think now if they back away, that sends a very bad message on the stability of markets and the economy. connell: so are you saying if they don't raise rates, the conventional wisdom seems to be if they don't raise rates or come up with a program to qe, whatever it may be, that they could help stabilize a market

that's in trouble, but the opposite is also a possibility, right? is that what you're getting at? >> yeah, i come out down on this that the short-term rate is way too low, it's been way too low for too long. we needed it at crisis, but we don't need it right now, and i think they should boost by a couple percent, get the short-term rate up there to reward savers, discourage too much debt, and get a little confidence back in terms of signaling. i don't think the average businessman cares over 25, 50 or 100 basis points on the short end of the curve. connell: interesting situation they put themselves in or they're forced to be in. thanks for coming on today. we're getting more into the market on "coast-to-coast" and on wall street the dow is only up 164 points. doesn't feel convincing. the close was a mess. dagen is back with me as well.

still a lot of green, only one stock is down there at the bottom of the screen. we're back after this.

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. connell: will this be a replay of yesterday, where the market loses steam and sells into the close? we're still up 150 point. we're going to talk to billionaire investor wilbur ross. two others with me now, dagen mcdowell and liz mcdonald. >> she says we have three stinkers in the s&p. >> i got to quit talking like that. you are quite. >> that's clean compared to me. connell: did you throw your pen? >> i dropped it. we're on tv so i can't pick up the pen. it looks like the dow is turning tail or the s&p market

is turning tail intra-day. the three s&p 500 losers according to senior editor charlie brady. wynn resorts hitting a new low, transocean and freeport. what is going on with the casino stocks and wynn resorts? has been in a world of pain when cash flow got cut in half last quarter. the word is out about wynn resorts and the casino stocks. reuters story crossing there, anti-corruption drive by china where they reportedly put cameras in the casino gambling rooms, so the high-profile gamblers are not turning out. that's a concern for wynn resorts. it seeks to build out a 4 billion property in china. connell: what about more broadly, dagen, as we sell into the close, is there a message in that or i don't know? >> i think that what i will refer to bob shiller who was on

the very program yesterday, nobel laureate teaches at yale, have you confidence rattled so much that confidence was already shaky anyway, you have confidence that's rattled. he had no reason to think that the market would stabilize or even turn around until this shakes out. >> but dagen, you broke the story about etfs and broken trades at etfs that wrecks retail investor confidence because the little guy is on the other side. >> this was on mondays, this was not just a sell-off in the exchange traded funds, this was a crash, and a big crash. these are major multibillion dollar safe stock etfs, dividend etfs, every major firm had a problem with this where the market makers step back and the offers to buy the things were super high and then the orders to sell were super low, there was a massive dislocation, if you had shares

of the etfs that were down in the morning 20, 30, 40, almost 50% in some cases, and orders to sell were executed for some at these prices, and the one person who got screwed. the one group is the individual, and i will say, this and i'm going out on a limb, and this is my opinion. until these trades are canceled. until the regulators and all the parties involved do something about this, not one individual should buy an etf, go and buy an open mutual fund. a crash. if you lose 50% of your money in a dividend fund, do you know how many years that takes to make it back? years of earnings that people lost. connell: wow. we're going to talk more about this and certainly about the market. wilbur ross among others coming up next hour, "cavuto: coast-to-coast" continues after this.

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. connell: breaking news, and the shooting of virginia is the story we continue to cover throughout the day, where a reporter and photographer were shot on live television this morning. that's the press secretary of the white house josh earnest. he's just spoken about it but hasn't said much. he said he hasn't spoken to president obama about this tragic situation, as he put it, an ongoing and developing story, i66 in virginia is the road you're looking at where the id'd suspect was surrounded by police, conflicting reports about him. we know a local television reporter and photographer as they were doing morning report on television this morning were shot and killed live on tv. more from ashley webster covering it in just a few minutes. back to the markets on the fox business network, the global market is the focus of the week. certainly what's happening in china. last night the chinese stocks went down again but the japanese stocks went up.

you see the other markets behind me, europe was down. something of a mixed picture, that was the setup for our trading day. talking about on this show, we've been unconvincing in our rally, we're hanging onto that for now. let's work backwards and go to amy kellogg in london to set us up for the crazy day. >> reporter: extremely volatile, and just to sum it up between june of last year and june of 2015, the shanghai composite index grew 150%, just this summer alone, chinese stocks lost 40% of value. so all of this, of course, due to china's slowing growth, but with china being such a driver of the global economy during these times of recession, these wobbles are being continuously felt across the world and global markets. now today the shanghai composite index was up and down all over the place but

ultimately closed down 1.27% at lowest level since december, and hong kong's hang seng was down half a percent, japan and south korea rebounded today, up 3.2% and 2.6% respectively. european stocks rebounded yesterday and fell again today with germany's dax down 1.4%, france's cac-quarante down 1.6% and britain's ftse falling 1.6%, there is such a ripple effect, lack of transparency in china keeps people guessing how bad it really is and skeptics wonder whether china's leadership is competent to guide economic ship through the stormy waters. lack of growth has done nothing to boost the price of oil. it impacts sales of raw materials, such as copper, french luxury goods, u.s. cars and the list goes on and on.

here in europe, things are a bit more fragile, growth has been smaller, lower than it's been in the united states, and there is greater exposure to china, so it couldn't be coming, all of this couldn't be coming, connell, at a worse time for europe and makes all of this panic in the last year about grexit seem like ancient history. connell: crazy times. it's always interesting in crazy times to talk to smart people who have been through it before and will be through it again. the billionaire investor wilbur ross comes on with neil a lot. he's with me today. good to see you. >> good to be here. connell: we were talking to this guy last hour how people invest differently depending where they are in life. you came on last night, i was on with melissa francis, you called in and spoke to melissa, i found what you said very interesting. you said people should grab their favorite companies, like a shopping list, you didn't say which companies.

that's your mind-set, when things go crazy, you make a list. how does it work? what's the process for you? >> we're big at making lists of things because it keeps you sane and it keeps you disciplined when there's a lot of noise in the outside environment. connell: maybe this is a silly question, what would the list look like? write it down on paper, if something happens, i'm ready to do this? >> not so much that, as things are happening, for example marine transport is a big beneficiary of low oil prices, and in general, of the moderate economy. those stocks been hit partly because they're deemed to be polluted with oil. well, in reality, oil is the largest expense, so lower oil prices, obviously, helpful, and lower oil price also tends to stimulate demand.

so it seems silly that stocks like that would get knocked down. connell: it's harder for people who aren't as -- at least what i think, aren't as experienced to keep their wits about them at a time like this, when everything is going down one day, we're bouncing back a little bit. when it's so volatile, i know i should do this but hard for me to pull the trigger. >> it's true, what do markets do? how do they work? they take numbers and translate them into motions and take emotions and translate them into numbers. and if you think about it that way, it's kind of a closed loop. connell: what do you think is really happening now? i know china's what everybody is talking about, but what are we going through are? we going through something that's going to end in recession for a lot of countries, going through a simple correction, what's happening in your view? >> i think there are two different things that are happening. one is the market, and the other is the economy, and while

over longer periods those two converge, for short times they don't. the economy hasn't gotten 10% worse in the last few days, just hasn't. connell: right. >> it won't. can't. it doesn't move that quickly, so markets tend to be more volatile than economy, and that's especially true nowadays with the high-frequency trading and the fact that the sec did away with the plus tick requirement for short selling. connell: get a correction like this as opposed to over time. >> right. and what happens with the high-frequency trading, they all say they have their own proprietary algorithms, i think the algorithms are similar to each other so they all tend to go at once. if you have that happening, less capital deployed into the markets, less permanent capital because you really don't have the specialist system anymore, and the big investment banks

market risk, that the regulators were worried about being shouldered by the big investment banks are now being shouldered by private investors. connell: okay, obviously time frame, saying today we're going to bounce back, nobody can know that at the exact time, but how will we know when we've kind of turned a little bit? do you get a sense? everybody said we put in a bottom for the short-term. how do you know when those things happen? >> you don't know, you just have a feel, and i've long ago given up trying to guess the exact bottom or the exact top. it's too strict to think that you're going to be exactly precise, but when things get toward the one end or the other, you should act. connell: all right, i'm told i have to go. i was going to get into -- i was going to ask you a bunch of political questions. >> good, i feel relieved. [ laughter ]

>> real quick, republican bigwigs dismissing donald trump still, i know people are writing that? >> dismissing. donald trump is good for the party that he has brought a whole raft of people who are disengaged back into being interested. connell: right. >> i think it was fascinating not only was there an enormous audience for the big debate, the so-called varsity debate on fox. there was huge interest in the jv debate.t compared to what you expect to see, absolutely. >> well, the jv debate alone was bigger than most presidential debates. connell: right. it was. the overall numbers for that, more than you would see for a bigtime debate. >> that's good. connell: the reason i asked you, the "new york post" writhe the articles everybody is out at your house and dismissing donald trump. >> that article by fred dicker wasn't exactly accurate. connell: it wasn't true?

>> no, first of all fred dicker wasn't there. connell: he's the writer at the post. >> he wasn't there, so whoever fed him the story was clearly an anti-trump person. there was exactly one question about trump. that was addressed to reince priebus, the chairman of the republican national committee and see said what i just said, trump's phenomenon is a good thing for the republican party. he's addressed some issues, maybe not the way everybody would lies, but he's raised some issues that are resonating with the american public and drawing people back into the political process. that's good. both things are good. connell: now you've addressed them, so i apologize for lying, i told you i'd let you off the hook, and i asked you three questions. >> it's a trap. connell: typical television. good to see you. very important, so is, that by the way. wilbur ross. to the business alert of the day, and not so much stocks.

oil, talk about the oil at the $40 mark, it's still below it. our friend phil flynn, the oil expert at the fox business network at the cme. what about it, phil? >> connell, i'll tell you this, as long as we're below 40, i'm not feeling good about the global economy and oil traders are not. there may be reason for it if you look at inventory report today, what's dragging down the price of oil today is weak demand for gasoline, with the big refinery outage in whiting indiana, we thought we'd see a relatively small bill or drawdown in gasoline supplies. that didn't happen, we saw substantial build in prices, if you look at the r bot, we have heard there is a bid on the wholesale market for gasoline below $1 a gallon or for delivery in december. national average could be close

to the $2 a gallon or lower by christmas. that's what some wholesalers are betting right now. connell: good information as always from phil flynn. from markets to politics, going in and out of it all show long. there he is, vice president joe biden. the word is the vice president is working the phones today about the iran deal trying to sell it to fellow democrats, we talk about whether he'll sway votes and presidential politics as well. "cavuto: coast-to-coast" right back. you totalled your brand new car.

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democrats, some of the democratic leaders in congress, democratic national committee members, trying to get support going for the iranian nuclear deal. blanch lincoln, the former senator on whether the lobbying will have impact on lawmakers who maybe have already made their minds up. what do you think, senator? >> i think obviously this deal has critical implications and much of the information, the critical information anyway is classified, as it should be, for good reasons. i think there's a lot of members that are still looking at that critical information. they're still getting some of that critical information that is classified, and they're going to determine what's best for them. but there's long-term and short-term implications that exist here. obviously, to our national security, to the national security and certainly the security of many of our friends and allies across the globe.

so i think members are still thoughtfully plowing through some of this to figure out what it is they want to do. joe's calls may be helpful in one way or another in make a determination. connell: what should his angle be, to your point, it's a difficult one for democrats. look at what senator chuck schumer went through, eventually came out against it. if you were still in the question, how would you vote, and the second part to what you were just talking about is what can joe biden say, the vice president to convince people who are skeptical, maybe you are one of the people that are skeptical, i don't know? >> hard to determine how you vote unless you have the information that you need, and i wouldn't be able to determine it because i don't have access to the critical information that is secure. but i do think that probably the vice president's outreach is to say that we have really worked hard to come up with this agreement.

we have worked and tried to cover all of the bases to ensure that if they don't adhere to the agreement, that all bets are off, and that sanctions immediately go back into place and certain things we do know are parts of this agreement, but i think he also has to appeal to them just as a friend and colleague, and somebody who has had a tremendous amount of experience in international affairs. joe is very well respected and still is very well respected around the globe. he's got many friends in places across the world. connell: because of that and because of what's in the news and since you're here and we're talking about the vice president, what do you think about the prospect of him running for president? >> well, i think joe is the quintessential public servant. you know, i served with him in the senate. there were several years we were seat mates next to each other. he's a very thoughtful person and a very good friend.

you know, he's had good friends in much of the tragedies that he has gone through in his life but he's also been a good friend to a lot of members and knows and understands what public life is about. i think he wants to be focuseded on the issues that really face our nation, whether it's the economy, making sure that government hopefully is doing its job in terms of being more sensible. there's the los of different things out there they think businesses and industries are up against that are keeping them from being as competitive as they should be, a whole host of things. connell: and i understand that all these -- i understand he's likable and all that, and also on the sense of the negatives, but when he's run in the past, not like he's come close, he hasn't done well at all. i wonder why that is? there's a difference between being a senator and a president or vice versa for that matter. >> many of the reporters that covered me said i'm boring.

i believe very strongly in what i was doing and representing the great state of arkansas, my home, and the people they know and love. and i think joe is very much the same way in terms that he's very intent on governing and being the kind of person that's going to look for the things that make our nation strong, that are going to reinforce families, that are going to put middle class people ahead of everybody else to get the economy going, and i think that sometime may come off that way, but i do know that he'll be thinking long and hard. i think he'll be focusing on, you know, what does he have to offer? and, you know, is there something he can help us do in this great nation of ours. that's what he's always thinking. connell: that would be the big story politically in the next month or so. i'm not board at all of the interview. senator lincoln, good to see you. first time i heard anybody speculating that vice president

joe biden is boring, a lot of things but not boring. back to the fed and back to the markets. fed rate hike, will they delay it? that's the talk now, in the market turmoil. why we may want to wait before jumping to conclusions before this woman and the rest of them at the fed are going to do. more coming up.

. connell: back to the market rally and nicole petallides at the big board, i've been going on and on how today feels like yesterday, and we'll probably be up about a thousand points at the close, right? >> are you the indicator? it's hard to gauge, we have to stick it out until the closing bell. one trader said nothing matters unless we hold the gains at the close, right now up 263 points,

so let's take a look here. i have movers for you, looking at names upgraded, positive analyst comments, google is up, they were upgraded, conviction buy list at goldman sachs, the price target, $800. so certainly upside potential there, and watching amazon, the opportunities are there for that one. buy rating. pack car getting an upgrade from piper jaffray as they said they've been oversold, groundless selling in china. all ten sectors are higher, tech and financials doing well and leading the way. connell: maybe we'll hold it this time. we'll see. and the other big event this week is the jackson hole summit that they always hold in wyoming, and all the fed bigwigs are there and we try to

reed into what they're saying about economic conditions, are things getting better? peter barnes will be there tomorrow. d.r. barton is here now smart trade co-founder. they're not going to hike camp at this stage or what? >> yeah, very much so, connell. i think a lot of things have been going on here recently. the devaluation of the chinese yuan was a big one, a big shot across the bough, if we raise rates money is going to go where it's treated best, where it's treated most safely and get returns. if we raise rates, the dollar is going to be less competitive, stronger and exports are less competitive, more expensive overseas, bunch of things going on, the fed funds rate is drifting up, traders are thinking they're not going to raise especially in september. the economists aren't on board with that. connell: there's always a message for these things, when the chinese devalued currency,

the message people took away from the move is things aren't great in china. they're desperate is what all the articles suggested. so if the federal reserve does not, to your point, if they don't raise interest rates, isn't there the chance say, yeah, the u.s. economy is in rough shape. they don't feel like it's strong enough yet? >> sure, that's always a risk. the one gamesmanship point that could lead to a rate hike in the near future, not in september, but the end of the year, still not. they don't feel they have too many levers to pull, that's the only case i can think of that would make the fed want to go there. you have the imf saying this is a big problem if you raise rates for the emerging markets down 30% this year. that affects them and debt repayments. there's a whole bunch of things pointing to the fact that a rate increase now would have much bigger ripple effects than holding pat and people thinking

they might be thinking negatively about the economy. connell: you must think the market -- well, maybe it will sell off a little more, will we get a rally in stocks? or somebody like a wilbur ross makes a list in times like, this things he wants to pick up on the cheap. is that on your mind as well? >> i believe i love to pick up things on the cheap when we've had a pullback. this is turned from a pullback into a correction, and i think we've seen characteristic changes in the markets globally and here in the u.s., that we had the currency war combined with china, some economic earnings slowdown here in the u.s. here, and the reports that are coming out, that we've had for q2. so i think the problem here is that this isn't one of the v-shaped economies like we had in october. this has a trading feel to it. connell: out of wilmington,

delaware. we continue to follow the breaking news from virginia. the two local tv journalists, reporter and photographer shot and killed. reporter alison parker on the left side of the screen, the photographer, adam ward on the right. we'll have more details on this terrible breaking story next. ashley webster is on it for us.

. . . . connell: biggest breaking news story of the day, the reporter an photographer, local news in virginia, shot and killed on live television earlier this

morning. ashley webster is in our newsroom today. have we learned anything new, ashley. >> the suspect, vester lee flanagan, went on air name of bryce williams, was a television reporter at one point at same television of these two individuals killed allegedly by him, according to authorities, shortly after the shooting fled to an airport where he rented a car and took off. around 11:30 a.m. eastern time, about three hours northeast of roanoke, he was confronted by police on an interstate. he refused to pull over. and then as case began, the vehicle he was driving crashed off of the road. that is when authorities got to him and he had a bun shot wound. but at the time there was some confusion whether he died in that about from the gun shot wound but that is not the case. we're told he is in critical condition. what we do know, connell, he used to work in this tv station

from 2012 to 2013. it is a small cbs affiliate, wb d.j. in roanoke. he was let go. the general manager describing flanagan as quote, unhappy man. he filed some sort of a racial discrimination case which was dismissed. he was upset about that there was sometime when the he was let go and and the events that took lives of 24-year-old alison parker and 27-year-old adam ward. connell: this guy still alive? >> last report. connell: ashley, keep us up-to-date on the terrible story. the market rally we stay on top of. we show you briefly, throughout the show, we're giving it up. not as convincing. looks like we're gaining steam if anything, up almost 300 on the dow. so we'll see. we'll see how the close goes, long way to go, final hour is big one all week long. to donald trump. he ran into trouble news

conference last night. or maybe he didn't. depends on your perhe can speculative. blake -- perspective. blake burman has the story. >> donald trump didn't just toss anyone from the news cron friends. he booted jorge ramos the main anchor from univision. press conference began with carl cameron. then trump called on another reporter and ramos challenged trump on immigration plan. >> who is next please? >> mr. trump, i have a question. >> you weren't called. sit down. sit down. go ahead. >> i have the right to ask a question. >> no, you don't. you haven't been called. >> i have a right to ask a question. >> go back to univision. >> about 10 seconds after that, security guard walked over and escorted ramos out. he was eventually allowed back in and pressed trump about the claims that he will win the hispanic vote.

both ended up phoning into different morning shows and continued the fingerpointing. >> i've been journalist more than 30 years. i've been all over the year and never been thrown out of any press conference, from any interview. this is not cuba or venezuela. >> he was totally out of line last night. i was asking and being asked a question from another reporter. i would have gotten to him very quickly. and he stood up and started ranting and raving like a madman. >> the two have history. earlier this summer ramos wrote trump letter asking for interview. that letter included ramos's phone number and trump ended up posting that to instagram. trump of course we know has pending lawsuit against univision for ending their miss universe agreement. connell: which he also pointed out at news conference. fun times, blake. go to gina lowden on this the idea as we talked a little bit last hour with charlie gasparino, whatever donald trump says, in campaign if this were any other candidate, gina, it

would be taken differently. if anything his poll numbers keep going on. who he is attacking with, who he is feuding with. what do you make of that? >> i don't think that is really would be taken differently. i just think our politicians have been brainwashed by the pundits who control them for so long, to believe that just saying the truth isn't acceptable. think donald trump he redefined that whole manner of politicking. i think that is what is really a breath of fresh air to the american people. connell: well the polls do find that. they find if you're supporting trump, if somebody likes trump, they usually like the way he speaks. sometimes it is not even what he is saying. the way he carries himself. look at him here in the news conference. straightforward manner. sometimes they don't like policy on immigration or other thing but usually other way around. knock against trump, i think you're a fan of his, interesting to see what you think, the knock is ceiling.

that he can't go past 15% and he 20 to 20. now he keeps going up in the polls. is that seeley really there? >> i don't know. the one fun thing for trump who watched politics and did analysis forever and maybe a reason i'm a fan. not necessarily because i think he makes the best president. i love what he has done to the game of politics. he has pulled the rug out from the gop and media elite who thought they got to pick our next gop nominee. in fact doesn't look like they will have the say the way they thought so. that is in thanks to the truth trump is speaking. even if you look at tragic events today in virginia, some of this has to do with the race inciting going on for years in this country, funded by george soros. who do you think will call that out? i'm just waiting. you know trump will call that out. connell: virginia story, as far as we know, ashley was talking about, this is really centered on these people and work place

situation that they had, we think at this point, somebody worked at the station. be that as it may. would you be willing to vote for someone, obviously talking about trump when i ask you this who you don't agree with on number of issues, maybe you do on every issue, say you don't, are you willing to vote for someone because of their tone and you like the way they sound? >> you make a great point here. i think american people are ready to vote even if they don't agree straight down the line who they feel like they can trust because he is willing to disagree with people dangerously. and i think america kind of wants that back. i also think it is we can do it attitude. connell: right. >> that has changed so much. we're tired of politicians, we really need to eliminate the debt but we're not sure how. we need to secure the border but you can't really do that. he is saying yeah, we can. even if he doesn't have every single detail in place people like -- connell: they like the attitude. gina, thanks very much. gina lowden on donald trump's

story continuing to be a story. 80% of the health care organizations. 80% have been hacked. we get into that story as we continue coast to coast. i told you by the way on markets, as soon as i said there was no conviction in the rally we would start going up again. we were up 340. we're back with more in just a moment. behold, these are two wind turbines. can you spot the difference? the wind farm on the right was created using digital models and real world location-based specs that taught it how to follow the wind. so while the ones on the left are waiting, the ones on the right are pulling power out of thin air. pretty impressive, huh? now, two things that are exactly the same have have never been more different. ge software. get connected. get insights. get optimized.

>> i'm nicole petallides, fox business brief. we're seeing stocks gaining momentum, 337 points to the upside. we've been fluctuating throughout the day. up 134 points. dow gaining more than 2%. s&p 500 and nasdaq composite. risk on momentum right now. and that being said, you can take a look at 10-year treasury bonds. 2.2.17%. people are taking more risk. apple, to the upside. it is one of the few, only apple and intel positive on the dow 30 for the week. you can he see that is a winner. lowest point during trading after the last week went down to 92 bucks. hey, look at brown foreman. sales falling. they have been hurt by currency fluctuations. talking about some of the things they have. jack daniels for example, up 3.20.

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with health care a large part of u.s. economy, clearly health information records that our payers and processers are valuable to different organizations around the globe. not surprising at all. connell: not surprising. not alarming? because everyone of us is consumer of health care in many ways or shape or form. those are our records. hackers have some degree of success. that is alarming, no? >> it is. to share a couple other statistics. over 13% of the companies we survey identify new attacks every single day. connell: right. >> carrier percent is that only off says they have anything to detect an attack. connell: we talked about a number of times banks, and big companies, like one we work at, i'm sure health care industry as well, everybody is trying to put safeguards in place. are they just behind the curve on this?

are some better than others? what does the industry look like, do you know? >> the provider community is little bit behind. they're dealing with such diverse technology environments that exist on diagnostic side, health care providing side, the ability to understand how we collect that information, secure that information consistently over diverse environments thousands of applications with providers is difficult. payers that have back office type of technology is little bit easier. almost 90% of the these organizations are talking to the boards about this topic are spending more in it. there is a longs way to go to match up with the rest of the industry. connell: a lot to be done corporate side. on consumer side, people are watching, maybe health care too are my records safe? is there anything we consumers can do differently, what we share, what we don't share, what we look at, don't look at, what we can do to help ourselves?

>> make sure you're being respectful to the providers and payers. stay on top what they're doing. if you're nervous ask the questions, the providers provide information under hipaa, health insurance accountability and affordability health care act. check your responsibilities and with checking your credit report. check to make sure looking for fraudulent activity. your bills accurate and reflect your treatment and care. connell: greg bell, 81% of the health care executives say they have had information compromised. thanks very much for explaining all of that and good advice as well. still ahead the last crucial hour of the trading day. as we move to that, we'll talk to liz claman ma. she has been settings up shop this week, a crazy week at new york stock exchange. now the markets are up 300 plus. liz is next. ♪ i'm only in my 60's.

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so i know how important that is. connell: it is a market rally. maybe even more than i had been indicating earlier in the show. "the intelligence report" will be the next show up with trish regan at top of the hour. that will be the sign of a bottom when i start to doubt things. looks like yesterday, all of sudden market goes up. >> don't sell yourself short. connell: should have bought then. as soon as i start doubting. trish: reality is, one thing we can be assured of that this will be volatile and volatile for some time to come. i wrote a piece in "usa today" about this very topic. all about how between now and september 17, investor will remain worried. they're remaining worried not just because of china. that obviously is an issue. we're looking at a global slowdown but they're worried because they don't know what the federal reserve is going to do. >> exactly. they're trying to get ready for that. you're right, volatility is here

to stay. trish: one of the reasons you're seeing up side, there is expectation of fed will keep the thing going. we heard from bill dudley, head of federal reserve today. connell: yes. >> he basically indicated they will not move in september. investor like this. one of the comparisons i make in the column, i have said before, this is like heroin. the fed is like the drug dealer to the markets. so as long as the fed is there, investor feel like they can keep bidding this higher. the question is at what point does this become a bubble that has to burst? connell: you can read trish in "usa today," more to the point you can watch her at top of the hour on "the intelligence report." you will have the virginia story. trish: unfortunately a terrible tragedy. there is a press conference. we'll get more information coming to you out of virginia, happening at top of the hour. see you there. connell: that is supposed to start 2:00 eastern time. trish regan coming up. after that, final hour of trading of course it will be liz claman. now i should be one to say this, liz, when you say final hour is

most important, here comes liz claman just trying to promote her show again but it really is. we have to watch you and pay attention. we have no clue what will happen today just like we did yesterday. >> i just ran past a trader what is your sense about the top of the hour, 3:00, that all important hour? ask me at 2:59. you can't tell about it, liz. don't make plea look into crystal ball i don't have. what do we see? we definitely have a rally that has shown muscle in the past 20 minutes. we had new york federal reserve chief bill dudley coming out around 11:00 a.m. eastern, sounding a very dovish call. the markets tried to look on that. doesn't matter whether dow, nasdaq or s&p, started to do move higher. it couldn't hold. in last couple minutes we have seen a gain here. now, why? talking to some traders, maybe foreign buyers came in at this point and figuring did we miss

lows of last 48 hours? might as well get in here. knows what the psychology of the herd is, but that all important herd can zig and zag in the final hour of trade. that's why we're here at on the floor of new york stock exchange. connell: kind of way market mechanics work. we got into this earlier. not just final hour but half hour way things are set up. that's when you get buyers around sellers. >> we'll exactly 30 minutes before the final bell rings, do a reset. we will bring in reporters and bring in traders. that is the where the shift has occurred. you're absolutely correct pointing that out. right now there are sunshine and rainbows. s&p up 37 points. close to highs of session. connell: yeah. >> that is close to 2% gain. dow jones is up full 2% up 328 points. bulls have horns forward, they're snorting, they're charging. we'll see in bears come charging in with their claws. connell: very nice. i like imagery you put forward.

it is anybody's guess. almost looks silly having conversations earlier in the day. that can change later in the day. to trish regan's point, more about china or russia few days ago now about the federal reserve? is that what people are talking about or still both. >> for the past five years it has been about the federal reserve. connell: i know. >> i'm not sure you can make that comparison except now i started to look at my wall street peeps i follow, and andy brenner put forward idea of october rate hiking. everybody discounted a october rate hike. well, there is no press conference and that the fed will want to speak to people once they tighten rates. possibly unlikely. now wall street is talking about it. to be the conduit to make sure everybody is ready for what could happen. connell: we'll be watching. you're wearing green. maybe that will help out a little bit. >> we'll try. connell: list claim live from the new york stock exchange.

trish regan follows us. the cavuto coast to coast program, hosted by me continues right after this. we'll be right back. ♪ 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?

connell: back now to breaking news of the day. we are waiting for that 2:00 p.m. eastern news conference from franklin county sheriff's office officials in virginia, after the story this morning where a live television reporter was taking place. alison parker was reporter on report. adam ward the photographer. they were both shot and they were both killed, allegedly by a named flanagan who worked under at the station previously under the name bryce williams. this guy, bryce williams, according to first reports that came in he did not die when he

shot himself. ashley webster told us a few minutes ago at last check he was in critical condition. officials come out to the microphones here. in just a few moments to update all of us on the story. whether all that information that i have just told is accurate. whether there is more information that they have learned. that is supposed to start literally any minute. it is big news story of the day. reporters are settings up for it. the other story we're covering throughout the day of course, the markets. they are seeing whether or not they can hold on to rally. weren't able to do it yesterday. but the dow today looks better. it is up 356 points. we had as we talked a moment ago, dudley fed comments, maybe we won't raise rates after all. market went up, then it comes down. it has come back up and we're up almost 350. wow, we'll see how the close is. it is some week. trish regan on "the intelligence report" takes it from here. trish: big rally but at that could change any minute as we all know.

as we've seen last couple sections volatility is back and is here to stay and will last for a while. we have full coverage for but you but we're awaiting a press conference coming out of virginia in hardy county, franklin county sheriff's department. a shooting taking the lives of a reporter and a cameraman on live television this morning. i want to get back to this rally up 347 points. you can't take your eyes off bottom of the screen where you see the dow bug, telling you the direction we're heading in. there is a lot of nervousness now. people are concerned about their savings. they're concerned about their investments. they're concerned all of this could evaporate just like that, certainly with we saw 24 hours ago. china threatening to destablize our global economy. federal reserve