>> with that being said, i don't think bernie sanders will beat her and joe biden is run behind him and her. stuart: he is convinced hillary clinton's campaign is not a then much trouble as people might say. connell mcshane in for neil cavuto. he likes you a lot better than lanny davis. >> we are here looking at these markets for the last week we've been experiencing together. the dow was down 72 points on a friday. universal happened the rest of the day. it is really without exaggerating one of the wild weeks. you don't see wild weeks like that appeared to be down 500, 200, up 360. oil is a part of it. the movement we've seen in the oil market is something we will focus on the show today.

yesterday 10% higher. yesterday almost 45 now for the oil price and that is 6%, 5.5% from a 6% the oil market appeared to reason i'm happy to be here with you on "cavuto coast-to-coast" is because i get to post bitter boomers. he is cranky folks will be in later run screaming at each other. steve finley and gasparino. with that, let's talk about china. a country of focus and it has been throughout most of the last couple weeks. the economy of china which seems to matter to us more than it ever has maybe worse than we thought. the government likes to tell you that 7% growth in china, but a new study says no growth at all. it may be negative 1.1%. that is from the firm of record that came out with those

numbers. our first guest today joins us from san francisco. what he think is happening? >> good afternoon. does anybody trust any numbers coming out of china? this is interesting. i think it is no secret china is loaded at some level, whether it's negative or slightly positive is irrelevant. the longer-term story is that if a longer-term growth story. have hiccups and upset like every economy. you are starting to see the government of new controls and monetarily economic base to stem the bad news. whether that would be successful long term, who knows. the fact they are selective indicates a problem. connell: you are not nervous to see numbers of e-mail wasn't 7%. okay maybe it is for. whatever it may be.

you are comfortable in the long-term growth story. why? >> a lot of emerging markets are because they are from a low base to grow. they are somewhat dependent on mature economies like the u.s. for u.s. investors and we are not traitors would be to eliminate the noise and just stick to whatever strategy is successful in the long term. i wouldn't pay an undue degree of attention. realistically with volatility in the stock market, we haven't moved that much. by the end of the week it is quiet today. what is change newsworthy other than volatility. you can trade yourself crazy without moving the ball too much. connell: is not the truth. we are going nuts over every movement in the market.

it is remarkable. it's definitely interesting to watch it, but to be back to almost in place after a few days, to get a thousand points back is remarkable in and of itself. >> for a trader it's a great environment. for people like us in a long-term investor, she tried to to -- it is difficult to us. sometimes it's best to stick to your strategy and that's what works. connell: michael cuggino in san francisco. perfect intro to redneck segment on young people and investing. what shaky markets, millennial's become more hesitant which doesn't make a lot of sense. to michael's point, good to see you, by the way. >> youtube. connell: and younger people have their whole life ahead of them

it should take on more risk. >> i've got to tell you i like this because it is catching people's attention in a 401(k) is easy to login. so i hope millennialist listen to all of this and say this is a good time to get in the market. >> there was a segment about millennialist and one of the point that was made to sometimes people don't have the money to invest. if college -- and things adding up. maybe they can't up their 401(k). >> that is true but also qualitatively increasing. if you've got used to living on a cheap basis trying to pay student loans and see a raisin income is the perfect time before you increase. >> it is a good goal.

>> without a lot of conversations about the psychology divesting. when i was watching this on monday, d.c. 1000 points down, to see it takes a lot out of people and makes it tough to say i'm going to buy now. i would play into it as well. >> absolutely. so a few years to make an easy 8% return. the big stirrings average out over time. we haven't had the benefit of the upside, but you have to trust the system and know when you go to retire the market will have tenure well. >> trust in the system has become a problem that people have less stress in a system that is a great one way or the other. >> i really do. we will talk later in the show about funny business with some

trades that didn't seem right in some other things that make it the attention of regulators, probably art he has. >> there's a lot of different investment products out there. a young person in a 401(k), it's a good option. he can balance between a few different simply tracking the market. just keep it simple. connell: we will get into the issues later, but dts are baskets of stocks. >> i'll tell you exactly why. mutual funds at the end of the day you get the price at 4:00. for some reason you want to rebalance portfolio or face a court ever, you can't do that. >> tell younger investors that as well because companies they know they like if you see a big drop or companies that they use

the products to buy individual stocks or not. >> i think it's great to play a little bit of the stocks. maybe 10% or 20%. that might mean dying five shares of apple. maybe to see keep it for five years. don't sell it in three months. connell: the point if you have a few extra bucks, and bass. >> investing is the way to grow your money. connell: thank you. let's go back to the ballot and see our numbers at the moment. we are down 62, almost 63. nicole petallides, i'm surprised you are still standing down there after the week we've had. >> a crazy one of us got you covered. even today we hear about 15 points. somewhere between there. we will see what happens at the end of the day. rest assured the dow, nasdaq, s&p all higher for the week.

this is a name that is a real loser down over 50%. 8.5% stake is about $900 million worth and that gave a boost to stock. the stock was up 7%, 10%. it was up 18%. you can see if the winner right now. on the other hand, big loser here that his era post all. this is down over 20%. a new low of 86 cents. it has 11 straight quarters. we are disappointed and reported a loss. it is underperforming some competitors such as abercrombie and as abercrombie and pitch in america nickel outsiders. without a volatile week.

connell: who knows how the knows how the finish will go. thank you, nicole. oil is another big mover, not today, but this week at the price of 45, jeff flock out at the cma. >> at the thought of stocks are volatile, nothing on oil. oil has been much more volatile. after 10% yesterday, today it is a perfect storm of information about oil. it is coming down to the tropical storm error code, but we at the tracking map. see where it takes us. plus some ensemble models, private models another strand in the storm to the west potentially taken into the goals. there are a lot of bricks and that has an impact on what is happening today. the perfect storm is a report of

a problem with a refinery in new jersey being down. we have had nine straight weeks of oil losses, the longest streak of weeks of losses since 1986. it is about to end this week i can safely say we are done with losses on oil. connell: ending in style. thank you connoisseur. we will have the fox weather center later on. an important piece from a guy on the show. bob schiller. dagen had him on. he warns of an overpriced market and it's very important on a friday given the weekly pass. donald trump released his tax plan in the next few weeks. this is a story. you know we've been on all over. we'll talk about it coming. "cavuto coast-to-coast"

continues in just a moment. but

connell: on "cavuto coast-to-coast" i mentioned before the break we been talking about the donald trump tax plan before anybody was, but now he's going to release in a few weeks. last week giving us clues about what it looks like somebody bring blake bergman and from d.c. >> just come follow us. that might be one of the ways to put this. on one of the morning shows them a donald says he will announce a tax plan in the next few weeks or so.

the headline got splashed around and has been making waves. if you watch his lengthy interview with maria bartiromo last maria bartiromo last week some eight days ago, this should be of no shot whatsoever. in the interview, maria talked to donald trump about several different tax issues handset in the next four weeks or so, i'll be putting up a plan. maria press donald trump about corporate tax rate among a lot of other issues. take a look. >> to simplify we have to simplify our system and see a reduction in all taxes. especially corporate and especially to the middle class. >> on monday he's taking a bit of a sharper tone on hedge fund managers and raising the tax base. in the recent days corporate inversion to bring the money back home. lots of different pieces here and there.

no official plan has been released. if you go to his website, there's only one plan on there, immigration, which is detailed. go back to august 20th, some eight days ago talking to maria bartiromo. connell: we need, at the white house come follow. charlie gasparino and dagen mcdowell are both with us in this video to talk about the bob schiller piece. basically -- >> he wants to -- because you know why, they don't support me. they support jeb. i will say this. this is why he wants to raise that is on hedge fund guys. from what i understand he is told people the reason he's going after them is here that political because they all support jeb bush and tucson point, and to me scaramucci is

supporting walker. donald wants to go after them. here is where it will be interesting. does he really looked to raise taxes because if he gets the nomination -- >> is not really talking about income tax is, is he? >> who knows. >> if he really wants to run for president, he has to raise a few bucks and hedge fund managers will just vote and give other money to hillary clinton. it's possible because he doesn't like the fact they are supporting jeb bush right now. >> you talk about the middle class. you go after hedge fund managers. and he's talking about i'm going to help the middle class. >> i want to talk about schiller. >> donald trump is out there. i know how they make their money

in tax. dagen: moving money around. you know, they are not the only people. don't real estate speculators engage in all sorts of loopholes? >> let's talk about the schiller article because dagen interviewed him this week. it is interest and because bob schiller, and case shiller index. dagen: nobel prize winner. >> what is this, a tribute show? >> it is important. >> around much of the world for high-priced assets. like a general phenomenon. when we talk about secular stagnation, there's something about the psychology right now.

>> so first, his piece was entitled -- charlie, get your phone. rising 90 about being overpriced beers in the this turmoil has a different edge to it. that could change the reaction in the market, but also stocks look overvalued. even as of tuesday. stocks look overvalued, real estate overvalued, but is most worried about stocks. >> if you read the column, it was pretty interesting because the psychology of the market and how a change coming site change in the psychology market could lead to a bear market. there is a growing can send this out there and financial columns, "new york times" and elsewhere that the market is overpriced. that the ratios are way above.

dagen: bob has his own way of calculating appeared connell: it reminds me of one of the advanced -- he has a modified version of it. for the numbers i'm not, it was higher in the summer than a long, long time. >> if you watch the program, he told you what it was on tuesday. >> the average ratio is 20, 25%. it is sad a pretty high level and its higher. there's lots of reasons for that. when you see her% interest rates, people buy stocks. it's not just stocks overvalued for other reasons. strong dollar, you name it, with the stock market is where it is right now. >> he has the ratio between 1881 in this year. his ratio, ca p. s. 17.

this only happened a few times. >> here's what scares me. i think the areas they staying where it is self-indulgent and not based on reality. when a fad governor comes out and says maybe we shouldn't raise rates, it creates so much euphoria. that makes no sense. we should be moving especially now years after the financial crisis a much more fundamental factor. >> really quickly some stocks, bonds and real estate overvalued which means you've got nowhere to go but under the bed. connell: gasparino will be back for good or rumors.

>> kilos gold. >> i've been looking forward to this. connell: a few other stories including the level of the retired general sent a letter to congress to vote against the iranian deal. we have one of the generals sign the letter coming up next.

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connell: almost 200 tired generals and admirals to reject the iranian nuclear deal. basic red national security with one of one of those generals with us. retired lieutenant general joins us to send a letter to congress. why did you sign the letter first? >> i think it aids and abet the enemy be in iran. it is not constitutional. it is unverifiable. they can have 24 days to six months before they have inspections.

in addition to military facilities are done by the iaea, international atomic energy to spend a rainy and still on places like hardship. it makes no sense. >> you think it has been a real factory trying to make a point? >> you mean our letter? >> yes, i'm congress. >> you don't know, but i venture to say these are retired generals. i would venture to say 90% of the current active duty generals would not approve of this. >> conversations you've had with people you know. >> i can't say where it comes from. because they're not allowed to do it in accordance with regulations. we could have gotten a thousand retired general officers decide not. >> side saw another letter on the other side of it. they were supporting the deal.

that is what made you guys -- >> that is correct. but there is senators are in favor, they will say do you like this? you may have some flaws but we are better having some deal than no idea at all. if we don't have a deal we don't know what were up to. >> why would we give the number one purveyor of radicalism and terrorism in the world, why would we give them $150 billion to do this agreement and the president admitted the dollars would go into increased terrorism and why would we give them a legitimate path to a nuclear weapon. that makes no sense. >> are you comfortable with no deals or do you think a better one needs to be worked out?

>> if we can't, the bastille is is to increase sanctions, bring them to their knees and increase covert operations. i assure you we could stop them from getting a weapon if we do those two things. connell: thanks for coming on. lucy would affect the letter has. thanks for telling us about it. is all about fund raising. we talk about it all the time. the democratic national committee is actually lagging behind. lagging behind. we are going to talk politics next. can a business have a mind?

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>> we do have an alert here on oil that we want to talk about before we go to politics. i was saying earlier how about -- we've been so focused on the stock market this week and last week, we almost forget about oil and the dramatic moves 10% yesterday, 6% plus today, that's just two days and you're already back over $45 a barrel we were just thinking could we get past 40, 45.44 is where we are right now. for the next hour and a half or so until it closes. and the democratic being outside raised in terms of the money raised by their republican competition. and that's interesting and they'll discuss these fundraising realities on the democratic side, steve. you know, sitting president and a very well known figure running, hillary clinton but the republicans are out raising the democrats in the national committees so what do you make of it?

>> it's disturbing when you see something like that because money does play a part in politics because it matter >> but why does it matter? is it because head of the democratic committee not getting the job donnas some -- >> no. i think the problem is it's always easier to raise money when the president is with the other party, he's somebody that you can focus on and say listen if you want those policies to continue, don't give us money -- the good news is, look, we were almost the same situation in 2007, the rnc was out raising the dnc, it didn't hurt barack obama's chances for getting elected then. i'm hopeful that this isn't a factor >> but on your side of the aisle, it looks like the nominee will have plenty of money, but trump is saying if it's me, don't worry i have my own money. but anybody else, the republicans are raising a lot of money >> yeah. they are raising a lot of money and to your point it's usually the other side when they raise a lot of the money. obama is known for fundraising

so i don't know about that comment >> he's not getting the job den more than debbie or schultz >> well, i think she's a bad spokesperson >> why? >> i think there's a enthusiasm gap between the democratic party. debbie is a bad spokesperson, she wouldn't describe the difference between socialism and democrats. also when you look at hillary clinton who is running, there's 60% of americans that don't trust her and when you think of the first word that comes to mind that she's a liar >> right. >> so why would people want to put their money behind someone they don't trust >> isn't that a fair point there's not as much enthusiasm for your party as there was >> well, some of the enthusiasm being generated by donald trump is not the best enthusiasm and i think the establishment republican party is worried about that, the affect on women and latinos >> you hope that that hurts republicans. but on your side there should

be some internal enthusiasm. so a good political answer, you tried to shift it to the other side. but there should be more enthusiasm for democrats; right? >> i think hillary hasn't gotten other campaign going yet and she over spent in 2007 early, ran out of money, couldn't compete with barack obama, so the democrats are having a slow build to to their campaign and that affects things how the republicans have the field all to themselves, they can call her all kinds of names. a lot of that is going to change once the campaign gets going in a few months >> trump we haven't talked about yet because we talk about him in every segment, even earlier. but he is the wild car in all of this. because if he gets the nomination out he can finance his campaign, but if he doesn't, there's that third party are republicans may have to raise money not for donald trump but against him. that's still the possibility; right? >> that is the possibility and he answered the question during the debate that he didn't deny he would or

wouldn't. >> of course >> but getting back not able to raise funding, americans are tired of the establishment on both ends of the spectrum and when you look at democrat voters, for example, they're being harmed by obama's transformation as well. so if you're in the union, you're someone who is in the fossil fuel industry, you've been harmed, you've lost your job because of the regulations coming out of the epa administration under president obama. so why would you support these policies that are harming you? >> i don't know, steve, tell us. what would be the pitch that is the final thing tore democratic supporters heading into the fall if you have to go out and raise money and you're talking to a donor, what's your pitch? >> there's soom to choose from. if you don't want to lose planned parenthood and all of these things -- gaze rights, all the republicans are coming out against gay rights. so, you know, women's rights, gay rights, global warming, there's basically any --

>> those types of topics you think -- >> so far it hasn't seemed to work >> well, i tell you all the women on my social media feeds are really engaged as far as some of the things that trump and the other folks have been saying >> you sound like trump now. i love women on my social media feed. joking around. thank you very much. i appreciate it >> thank you >> now, the markets back to them for a moment. of course everybody is talking about the federal reserve with jackson hole going on now and the comments earlier in the week and why our next guest says the fed needs to get going with the fed rate hikes already. that's next

>> this is the alert on the jackson, the federal alert

that's going on. and we get mixed signals out of these all the time and we have to send peter barns out there and figure out what these people are talking about. maybe not as bad as greens was in charge but pretty close. hey, peter >> what seems to be emerging here as far as the timing of the first rate increase since the financial crisis is that september is still on the table but all this volatility in the markets and the chinese economy and the dollar and the devaluation and all of that other stuff. may have an impact on whether or not they ultimately decide to make that first move in september. because those things could have an impact on the economy over the next three weeks and so they're waiting for data, waiting for points to see whether or not all this craziness shows up in the data and affects the economy. and -- so we did talk to one

former bank fed president this morning who kind of i think summarized this view. take a listen. >> the fed is claimed and a lot to be data dependent. there's still three or four weeks to go before the meeting and more data to come in. at this point, though, i don't think the market volatility itself is a reason to move or not move as the case may be. >> and, charlie there like some others basically the under lying economy is okay. we're getting decent job creation, we're going to get another jobs report next friday, that will be critical to fed policy makers before they have their next big meeting in mid-september. we're going to try to get more clarity on this, not less, in an interview later today of dennis, who is the the president of the federal reserve bank in atlanta and that will be in the 4:00 hour so stand by for that. connell >> we certainly will, peter, and peter varneys out there in

jackson and here in the studio in new york to talk a little bit about what peter was getting into. do you make a case or which case would you make if i gave you an a, b choice to raise rates or not in september. you care about this stuff. is there a c choice? >> it's becoming kind of a lose lose situation where they have to do something and yet it doesn't look like we need higher rates. the global economy's weak. there's no inflation, there's going to be deflation with all of the economy prices heading down. with that said, there's speculation going on in biotech and certain kinds of startup companies. so the best bet as an investor is probably what most of wall street is looking for is to raise rates but not very high and acknowledge the fact that the whole world of 3 and 6 rates is a fantasy is gone. we're not going to have that for decades we could be like japan here. and maybe raise them to 1% and that's the new rate level and that's the none stimulus mode

>> it's funny because people talk about back in the day when they raise rates, you're saying -- >> he get very scared of old people in the federal reserve. they remember this period when i was a child of double-digit inflation in rates and it's not something that you should think about -- well, i would argue the '29 crash. it leads to irrational decision-making >> one last thing for me to think about >> it was an anomaly and we're not going to have double-digit inflation. interest rates are low globally >> well, it's not like -- you're saying when everyone is, like, oh, this time's different, everyone on the panel saying, no, it's not, it's not different. you're saying it is >> yeah. we're not going to have double-digit treasury yields again. the chance of that is so much lower than a stock market crash or anything else. that was a very odd event. there's way too much supply of materials capital available too much production capacity.

too much slack labors, not enough unions, a whole bunch of reasons >> right. >> and, look, they don't really that you said inflation in the first place. they're fighting the battle that they don't know what happened. they have the consensus on the '29 crash. and you could think of 0% for the next few years and to be honest the only part that i have confidence in because i think their theories about unemployment and inflation and curves are all theories at best. they haven't proven any of those relationships that we don't want to go into a recession of 0% rates because there will be panic that we saw a few days ago. you want to get up to 1% so people will be, like, oh, the fed will close rates like 80 >> because heading into recession. is that i couldn't say that? >> the global countries -- the emerging markets are in recession. whether that spreads to exports is possible. whether that spreads to us, i don't know yet.

>> okay. >> but if it happens, it's going to be us dragged down. >> you want to be in a spot >> the federal reserve is going to prevent us to being dragged in a global recession at this point given how low rates are >> the point is maybe she should raise them a little bit. >> another argument is, you know, people are, like, rates go up, the market's going to tank. there's a lot of people not in the market waiting for rates to go up because they think the market's going to tank. when the rates go up, they would have been, like, well, the market would have tanked already. so i'm going to give a case like both sides >> yeah. you play every side. is this a fear you have of old people in general or just in the federal reserve >> you want to live in the worst days in the armageddon, one or two years out of 100 are really, really bad for bond or stock investors and you can't spend your whole life banking, you will sit in 0% cash losing money slowly or something like gold losing money over the last five years waiting for this catastrophe that never happens. >> right. get the canned food out of the closet wherever you have it. i was just making sure because

we have these cranky old people next hour i just wanted to make sure that you were out of the building by then. and market drop on monday, the big one ask how regulators are responding to that has also become a big story. liz macdonald will be with her and they will join the discussion next. i guess we're down 37 right now. we'll be right back ♪

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. >> it is a cavuto coast to coast on the story that we've been talking about on the fox business network all week long. first a look at the big board and the dow down only 27 points. you've heard it's like a broken record. watch the last half hour and we'll see how we close after the wild swings that we've had this week. we'll get back to oil in a few minutes as well.

but when it comes to wild swings up just after the 588 point drop on monday and down 205 on tuesday, we're all over it, and we're all over it the story, the one that we were first going to tell you about. the first on fox business. the problems with etf trades exchanged traded funds. liz macdonald has been following it, she's been writing about it and broke some of the details related to it. they both join us now. did you notice, dagon, we had a gust. >> yes. my husband and i cursed at him because he was late and i almost busted his you know what standing outside of the studio. do you know why he was here on time? because of me. >> i thought maybe you could learn something with how he put together -- it was very great, don't you agree? >> i love jonas. so i'm going to ask both of you to explain again what happened and then can tell us

about what happened. this is important to regular investors. explain what happened -- >> and they were the ones that got burned on monday. to boil it down, there were problems in exchange trading funds and mass miss pricings because of market structure rules that liz can go into. so you had big multibillion dollars etfs, exchange traded funds that invest in stocks, low volatility funds that were down 30, 40, 50% and, yes, people, individuals were sold out at those prices. so these are people who owned and exchanged traded funds and they lost half of their money on monday morning. >> the exchange traded if you understand is basket of stock. >> it's a mutual fund that trades. >> regular people own them is my point. >> yeah. regular people. not just hedge funds. >> is what's going on here, liz, some funny business or do we not know? >> dropped so dramatically. look at the chart there for the vanguard dividend,

appreciate and wow really price swings and little guy really did get hurt a lot of these guys. the question is will the market regulators cancel these trades just like it did after the flash crash? >> no. they're not going to. >> the answer is we talk to the market regulators. right now they're saying, no. >> why? >> let me tell you why. the very same rules that caused all the chaos -- the traders are saying caused the chaos. the limit up, limit down. the circuit breakers rules where you take a 15-minute trading pause or you don't get prices at the open. those rules are meant to stop volatility and smooth out trading. and the broker dealer is saying wait a second. they cause less transparency, more swing. so the very rules that are being -- protecting the investor is the reason why they're against the trade ask havoc in the markets on monday. >> why did that -- is there something we're missing? why did that happen if the rules were put in place. >> because they've never been tested before. >> okay. >> and they're flawed rules. >> so, again --

>> what's going on in the etf land. so liz broke the story that the regulators are looking into it. maybe these rules changed to prevent it from happening again. i shares 1:00 p.m. call at the top of the hour to explain what happened on monday. but the etf business, the firm that runs these funds are blaming the investor to putting in market orders that you wouldn't have been sold out down 50% if you hadn't put a market order in before the open. you shouldn't trade at the open, they're too volatile. you shouldn't put a stop in. >> is there any truth to that? >> if they hadn't put a market order in but it point is these funds should shouldn't have fallen 50%, there's no plant that these funds should have fallen that much. >> it's a real blow to investor confidence and the little guy, the retail investor. >> let me -- >> to the individual. there's an article on yahoo finance blaming the individual. the headline is etf investors messed up because you used

market orders and stop orders. that is disgusting. you should be ashamed of yourself for ever writing that. >> protect the little people and the fed. that's the first time that e mac has been cut off. >> what are you going to do about it? they're not going to cancel trades, they're going to look into trades and see where the antivolatility rules are working. apparently they're not. >> thank you to both of you. next hour, bitter boomers. as if that wasn't bitter in you of. a little bug in front of my face for some reason. so that is straight ahead. he is a crazy person. him and gasparino. i can't wait for this segment. i've been waiting for this moment since i found out i was hosting on friday. cavuto coast to coast we'll be right back

. . . .

connell: business alert on cavuto coast coast. connell mcshane filling in for neil cavuto. it has been a wild week in the market and just about every

marquette we watch. maybe today some signs of stability with the dow only down 40 points. s&p, nasdaq mixed. this is the week we've had, just crazy, on monday down 588. that included a 1,000 point drop at the open. tuesday, 200 plus. we come roaring back on wednesday and about 1,000 points for a few days. at least for now, we have a few hours left, at least for now stablizing on a friday. but anything but stable, crude oil market and crazy moves we've seen there. 10% yesterday. almost seven today. 45.46% barrel is where the price is. we'll check in with jeff flock. these oil prices are battered. we wonder if we get back above 40. then we did, up some. 45 and change. financial expert mikes gibbs, first hour that includes bitter boomers. i told you i was looking forward to that. he will tell us where it is poised to to from here.

where do you think, mike? >> i think we had a pretty impressive rally last couple days. if you look at technical areas we think we may have more to go, maybe one 1/2, 2%. we're sort of in a range. 1961 to 2020 is sort of what we're seeing for the near term. but from there we have to regroup. you have a market went down 11% in six days. went up 2 1/2% in two days. now the point you have to trade back and forth. investors will get to the point where they're going to try to determine all of this news that created this volatility, what they really think about it. what we saw last few days. we had very heavy volume. very strong up volume and broad-based participation across all sectors. that is typically a sign true long-term investors have been accumulating securities. our first check we look okay. next step we have to wait to see what transpires next week or two, what trading looks likes.

if we dom back down, volume which want it to be light. if it is constructive pattern. connell: are you saying you've become or had to become more of a trader, than quote, unquote investor because of what happened past couple weeks? it forced people into that? >> absolutely not. absolutely not. no, no. i think you always stick to your knitting. you're either long term investor or trader. connell: because if you are a long-term investor, boy, you could have sat tight you almost back where you are. that is why i was asking that because, you know, if you got crazy and sold you would miss the 1,000 points back up. >> well that is what you're supposed to do. a long-term investor is supposed to ignore all this noise. connell: right. >> this is part of a market process. 12 1/2% drawdown, usually don't give them in 11 days. that is normal market process. most investors are diversified and spread it around pretty much

ride this and ignore it. short-term traders get opportunity at times like this. connell: long-term investors get some opportunity. i wonder if you see any of them this week, certain stock or sector, something gets hammered, boy you are saying that is looking pretty good to me? any bargains emerge or things look expensive? >> oh, no, no. what happens when you go through market pullbacks as rapidly as this one went down, everything goes down. the good go down. the bad go down. >> right. >> you look at stocks that were good before the good fundamentals, good technical patterns, they have come down to beautiful levels and now are a good opportunity to accumulate them. we had some really strange trading on monday. if you were nimble enough and you move quick enough you could get incredible values. because stocks got totally dislocated. connell: mike, good stuff. from you. wild week for the stock market, certainly caused some anxiety, understandably so for some

investors speaking to. as i was talking to mike, we've seen opportunities emerge, depending of course on the timing. gerri willis spent the week looking for some of those opportunities. stocks here on friday came out on top. hey, gerri. >> that's right, connell. bargains emerging and bargains of stocks you had your eye on a long time. consider apple, it hit a 52-week low believe it or not on monday at 92. it is up 20 2%. i will -- 22%. there is some of the full screens. all the way up to 22%. facebook likewise down to a low of 72. it is now trading 26% higher. netflix also up dramatically, 38.5%. twitter hit a 52-week low before moving up 27%. think about it. this is a great opportunity, or has been for small investors this week. if you were able to catch that 1,000 point low, these are kinds of gains you would have seen.

not just these stocks. as your last guest was saying, there are a lot of other widely-held stocks, typically favorite of individual investors. starbucks up 32%. ford up 31%. cvs up 29. delta up. ge. jpm, jpmorgan. a lot of stocks people would have on their shopping list, face it, this is the way to do it, create a shopping list, price you want to pay and hand over to your financial advisor, and they can buy it when you hit price target you have. opportunistic for people out there shopping, wanted something to buy. had it in mind to always wanted to buy twitter, always wanted to buy facebook. this was the week to do it, if you get in monday at the lows. connell? connell: that is easier said than done. wilbur ross was talking to us about shopping lists earlier in the week. nicole petallides on new york stock exchange floor as we wait for that, close this afternoon. we'll see what it will look like

on friday. hey, nicole. >> we'll see. apple at $92. jeff greene, billionaire investor, jumped in on facebook. some people got in there and took a chance. names on the move, smith & wesson. this is the gunmaker. hit a new high. up 90% this year. up 11% right now after the latest quarter. winning profit and sales forecast a winner. stern ruger, the other gunmaker, a also a winner this year. big lots, shining as well, better than expected quarterly profit. you know what big lots did well with? furniture and home goods and the like. aeropostale, down 11th quarter in a role. good ol' gamestop, that is under pressure down 7%. analysts said latest quarter is good one. but concerned about the forecast dow down about 40, hold on to the week. we'll see what we got by the closing bell.

connell: i'm concerned, nicole, you essentially said sitting on a couch with a video game and a gun in your hand. >> sometimes that what you have to do, connell. connell: dow down 40 points. thank you, nicole. tell you what is moving a lot more percentagewise more than stocks, at least oil. look at this. almost 8%. we had a 10% gain in yesterday's trading. when this happens you have to get jeff flock and phil flynn together to make sense of it for us. they are joining us right now from the cme. hey, guys. >> i don't understand this, connell. i'm glad i got phil here. there is no reason oil should be up $3.28 as we speak right now. >> i disagree with you. i saw no rhine for oil prices to be below $40 a barrel. >> we have world oil glut. what the going on? >> between glut and oversupplied market is the difference. demand overcapacity and spare growth last up to years, it is

tighter than a long time. people talk about a glut but that can go away. >> today's events, hurricane. it is not a hurricane yet. it is tropical storm. i'm looking attracting map. some models take it potentially in the gulf. >> low probability. but even a low probability on friday is a worrisome for traders. >> if we look at rigs out there, a lot of rigs and refining capacity. >> over 11% of the crude production in this country. even with the storm not becoming a storm, already impacting imports into gulf of mexico. we'll not see the tankers get into the gulf. that will show up in inventories in couple weeks. >> other factors now, what else is going on? we're talking, a lot of people pointing in the pits to saudi arabia, yemen. >> that story broke yesterday that there were troops amassing on the border of yemen. they could be in there, they might not be in there. definitely a supportive factor. i think rebound in stocks is a bigger issue. >> real quick before we get away, gas price.

>> gas prices. >> oil price has gone up last two days? will this hit us at the pump? >> it is. if you're in new jersey, go to the pump now. there was refinery outage at phillips refinery. gas prices in new york will shoot up very quickly. fill up on the way home. >> connell, seems to me we get screwed both ways. oil goes down and fast prices don't go down. now oil is shooting back up, gas prices are folks up. >> they are going up in a big way. tell you what, more about the refining issue. we're losing three million gallons of gas a day starting right now. >> best oil reporting anywhere right here with this guy. even though i get mad at him sometimes. connell: you're like about iter boomer chicago what you guys are like. we will have the new york crew later. should have you guys on by remote. got to get gas on my way home apparently. anyway, democrats have new ammunition in the fight to win the white house what we'll get into in a moment. it actually helped president obama to get hundreds of millions of dollars in

fund-raising. we'll explain coming up. plus florida, getting set for what guys are talking about erika. tropical storm, maybe hurricane at some point. already hitting puerto rico hard. we'll get into that. track of the storm, important. important for the markets as jeff and phil were mentioning. up next, "cavuto: coast to coast." 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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that was reported earlier by abc. ed has been able to confirm it for us. we bring in kevin cirilli from "the hill." something like this interesting to you, kevin in terms what it means for mrs. clinton's campaign, bill clinton wanting to go out there to make speeches in north korea and congo and other places? >> connell, this this is no question this will continue to surround the presidential campaign and created an opening for someone like vice president joe biden to get into the race. clearly the former secretary of state will be speaking with democratic national committee folks at their annual meeting and conference but she has not been able, connell, to put this scandal behind her. comes as fbi is investigating and she is set to testify in october on capitol hill, right around the same time as the first democratic presidential debate. connell: so you think something like this, this new information that ed just reported is just one more thing that makes it

more likely joe biden will run for president? >> it is one more thing. and i got to be honest with you, connell, really looks like hillary clinton has boxed herself in by not answering these questions. she tried, you know, to make this thing go away but, and kind of isolate this incident as not a news story but it is a real news story. there are real questions. yes, it only further adds to the speculation how her trustworthy numbers will hurt her in a general election the she does maintain a solid lead in iowa as well in national polling but, you know, those trustworthy numbers i think a lot of democratic strategists i talk to, connell, are a bit nervous about, and how that fares in a general election matchup. connell: don't blame them. ed henry, who broke this story on bill clinton emails. he is covering hillary clinton, it is interesting because she was dismissive about his questioning last week on all of this.

seems like her strategy last couple days are really changed. i should have ad two emails, one for work and one for my personal emails. they're aware of it. they're trying to change it consciously, right? their strategy? >> no question, that ed's question was a great question. connell: yeah. >> it's a good question, and one that has to be answered. so i think the clinton campaign is clearly realizing they will have to address this again leading up to the capitol hill hearings. i think what you're seeing with the latest reports involving former president bill clinton as well as clinton campaign is, that as it adds to that notion exactly what did they know? what was the organizational structure like and what exactly is the nuance there with the dynamic of this very powerful democratic political couple? i was in iowa the other week with former governor martin o'malley. he was also running for president and he said that, you know, that the dnc officials are, quote, unquote, tilting this process in favor of

essentially a coronation for the clintons. so i do think that frustration could bubble over. connell: he had little momentum, o'malley. i know bernie sanders has done well in some polls, big picture don't take him as serious -- >> you can't take him seriously, but that criticism, connell, creates more of an opening for biden. connell: is it just biden? is there anybody else thinking getting in your view? nobody seems to talk about al gore or john kerry or anybody like that? it is just biden, right? biden or nobody else, i guess? >> some of his supporters today were sending out fund-raising emails, unofficial capacity saying they were ready to, to ride in with biden. connell: okay. >> i think what happens with donald trump, you look at that authenticity, candidness i think electorate is really kind of craving, i think to some extent joe biden has the case. the big question for him, connell, whether or not if he gets in later, if he will be able to establish the

infrastructure, that ground game. he already has name recognition but hillary clinton really locked in key donors and key infrastructure. connell: right. >> whether or not he is able to do that combined with strong first debate showing remains to be seen. connell: kevin, from "the hill," good to have you on. >> thank you, sir. connell: new information from fox and ed henry could make things already more interesting than they are. that bill clinton wanted to make a speech in north korea and wanted it approve. as jeff flock was talking about in the markets, tropical storm erika making its way to florida. the governor declaring a state of emergency. we'll have details on the storm ahead. i say for the markets because what happened in oil. traders are watching this very closely as well. then the moment we've all been waiting for. the bitter boomers. i love this. you don't get much more about iter than these people. they have reason to be. we'll tell you what it is coming up on "cavuto: coast to coast."

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connell: another big story today. rules changing for business owners that use contract owners. it was made by the nlrb, the nation labor relations board. it could have consequences for companies involved. adam shapiro is here to break it down for us. adam? >> one of the things at stake is ability for one company to hire another company to perform work when they don't need full-time employees. let's go through some. numbers. the international franchise association is saying this is political decision. three democrats, versus two republicans on nlrb, allowing rules to change on what is referred to as joint employment. we go by the numbers. 780,000 franchise businesses in the united states affected. 300 different business categories. think of mcdonald's. that is one of the business categories, burger king. legal franchisees could be

affected by this. merry maids, that is franchise operation. they could be affected. $890 billion worth of economic output at stake. essentially what the nlrb has done is cleared the way for unions to drag, this is the hypothetical, just so we can understand, mcdonald's is the brand but the mcdonald's across the street isn't owned by the corporate mcdonald's. it is owned by man or woman who owns the franchise. so if a union were to organize the mcdonald's across the street, new york city, they technically could draw the parent company, the franchiser into the negotiations. that is what is being done here. and then nlrb will handle all this going forward on case-by-case basis. critics say huge bureaucratic nightmare with the government putting its nose into business where it doesn't belong. it ignores 50 years of bipartisan policy and decades of court rules and will harm our national economy according to

international franchise association. connell: turn as model upside down for many, many years. could have effect on these companies. adam shapiro, fox news room where i notice bitter boomer charlie brady getting ready for his segment. a haw, ah-ha. trump tax plan, and we'll talk about and continue to do so. the other thing coming up we'll talk about is mexico. mexico has a warning for the state of texas. there is a battle brewing there at the border over immigration. this is not necessarily about trump. it is a very interesting story though, coming up next. "cavuto: coast to coast" stalk of broccoli could protect you from cancer? what if one push up could prevent heart disease? [man grunts] one wishful thinking, right? but there is one step you can take to help prevent another serious disease- pneumococcal pneumonia. one dose of the prevnar 13® vaccine can help protect you ... from pneumococcal pneumonia, an illness that can cause coughing, chest pain, difficulty breathing,

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connell: suddenly everybody is talking about donald trump's tax plan. when we say suddenly, everybody we plea him on every other network but he did on this one for some time. he will release it in a few weeks. blake berman digging through details what "the donald" may propose. blake? >> reporter: connell, donald trump continues to talk about how a tax structure on his watch will work. it appears the next the republican frontrunner will outline. trump told maria bartiromo last thursday that his plan is coming soon. take a listen. >> we have to, at a minimum, we have to estimate -- simplify.

i'm coming out next four weeks with comprehensive like i did in immigration. >> reporter: trump reiterated that timeline and would be quote, the king of the tracks code. continues to cut taxes for the middle class and corporations. they were singled out by maria when she pressed him for specifics last week. >> reduction in corporate taxes or all taxes, what? >> absolutely. reduction in all taxes especially corporate and especially for the middle class. i mean, what we're doing to our middle class is inconceivable. it's terrible. >> reporter: however trump since begun to target hedge fund managers saying they're not paying enough tax. the billionaire businessman has also said he is okay with raising taxes on himself. now while that might not sit well a bloc of loyal republican voters, trump aligned himself with conservatives saying it is quote, worth the fight for members of congress to take on the debt ceiling. by the way, connell, "the weekly standard" is reporting that jeb bush will

release his tax plan on september 9th, a couple weeks from now. about the same timeline as trump. connell: interesting, to have a leading republican candidate essentially saying, i will raise taxes on the rich. that is what a lot of people take away from the hedge fund talk. not what you expect. listen, most of the campaign hasn't, right? >> reporter: the ebbs and flows. we'll see what he outlines in couple weeks. connell: thanks, blake. the tension meantime, this leads into our next segment talking about trump, he is always talking about immigration, tension heating up between mexico and texas. texas denying birth certificates for children born here as undocumented immigrants. a lot of legalities involved. daily caller editor-in-chief christopher bedford. good to see you. tell us what you know about this story. how it might play out. >> what texas is telling mexican government will no longer accept the identification cards that the mexican consulate gives illegals here in the country.

they're not a valid form of identification. mexico says, they absolutely are. they have biometric data unlike licenses. it will come down to a fight whether or not you're a citizen born here to illegals. last time 14th amendment was considered in the supreme court over 100 years ago, a person born to people who were legally here. legal residents of the united states. connell: okay. so that would have been person who is in here legally. if they're illegal it has never been tested whether the 14th amendment applies? this would be the first. >> this will be the first. 14th amendment hasn't been addressed. treated like law for 1 to years on the assumption -- 130 years. there sum is shun, supreme court said all about where the united states has jurisdiction over you. if you get arrested in the united states and we have jurisdiction over you, pretty much everyone except for ambassadors, you are eligible, you're under jurisdiction of united states and your children would be eligible for citizenship, but the senate when passing this, debate the

14th amendment this does not apply to people passing through the country. court will consider both of those. connell: could be huge. if they rule that it applies and citizen one thing, but if it went other way it could be huge ruling. >> it will. unlike san francisco flouting federal immigration law, i think you see obama administration hammer come down hard on texas. this will be a showdown. connell: so they will, anything, from the administration or officials on this particular case yet? >> the brief was just filed today by mexico which said hey, this will impact our relationship, texas. the lawsuit is ongoing. i haven't heard anything from the administration. connell: connell: what are the ideas you're talking about? >> they're given out by the mexican consulate. it says this person is citizen mexico. works like identification as passport. texas says this will not fly. this is impacting mexicans trying to get identification, children of illegal immigrants should automatically get mexican citizenship born to mexicans although the lawsuit includes a

couple of countries. they will not get mexican citizenship if they don't get the birth certificate that shows their parents are in texas. they're in limbo now. connell: citizens no-man's land, babies born here in the united states. don't have bert certificate? >> not right now. texas refuses to issue it. connell: do you know how many people are involved? >> six families suing from mexico, guatemala and honduras. so a number of countries but mexico only weighed in amicus brief. they don't have a stake but watching out for citizens. it is violation of international law, if you put citizens that should be their citizens being legal no-man's land. connell: this is important especially if it goes way we're talking about. >> thank you. connell: christopher bedford, here on "cavuto: coast to coast." governor rick scott saying tropical storm erika is threat

to his entire state. fox news rick reichmuth joins us with latest on the storm. what is the latest, rick. >> difficult storm to forecast. right now winds at 50 miles per hour. it is not all that organized. has a number of things going against it, primarily in the short term. the island of hispaniola, dominican republic and haiti. down to the south bringing rain to puerto rico. they are in one of the worst droughts they have ever had. this is good news to get some rain. now the storm goes across this island. this island has mountains 10,000 feet high. that destroys storms. we'll know in 18 hours, as the storm tracks across dominican republic. will it survive? if survives it has chance to strengthen more as it heads towards the florida area. by tomorrow it will not have survived a chance, & we'll not be talking.

what it does have, it has water temperatures in the mid 80s. storms obviously like very warm water. this is where it is now, going across hispaniola. if it gets in and survives into this water temperature much warmer. we think at that point it could strengthen. official track from the national hurricane sent ir. can't rule out the gulf or eastern side of this. florida will get a lot of rain, sunday, monday into tuesday. connell: watch over the weekend. rick reichmuth in the weather center. we're talking to "bitter boomers." i've been it withing to do this. excited to get the guys in and ladies. "bitter boomers" whining about millenials not having summer jobs. cry me a river. you too, charlie. ♪

>> i'm ashley webster from floor of new york stock exchange with your fox business brief, finding direction. dow up half a%. same story on s&p 500. nasdaq also just slightly lower by a quarter of a percent. big story today is oil, helping to drag not only price of oil higher but also stocks within the sector. price of crude oil up 6%, $2.63. 45.19. helping to push oil stocks themselves higher, looking at some in oil services sector. baker hughes up 1%.

that doesn't tell whole story. halliburton up 1% today. of the they are up, 6, 7, 8% for the week. turn around of oil, cameron international also moving higher, up 2 1/2% after this stock surge. up 44% on wednesday. gold futures up 11%. "coast to coast" with connell mcshane next.

♪ connell: there is possibility i built this segment up too much. the boomers are here. add generation-x to boomers. [shouting] going to be objective moderator of whole thing. >> you're an objective moderator. connell: you will not believe this. we have breaking news. have to cut away. hillary clinton press availability. just started. >> determine how to or whether to make emails public. other agencies under out system are given opportunity to weigh in. that would be true if you're asking for someone's emails to be made public because of a foia request or any other reason. and it was on the unclassified account that an official used for work-related emails. so, look, i have said repeatedly

that i did not send nor receive classified material, and i'm very confident when this entire process plays out, that will be understood by everyone. it will prove what i have been saying. and it's not possible for people to look back now, some years in the past, and draw different conclusions than the ones that were at work at the time. you can make different decisions because things have changed, circumstances have changed, but it doesn't change the fact, that i did not send or receive material marked classified. >> [inaudible] >> secretary clinton -- [inaudible]

>> we are working really hard to lock in as many supporters as possible and of course, that would include superdelegates. that is part of our strategy, to win the nomination. we're going to continue to do that. and, i, i am heartened by the positive response i'm getting. >> madam secretary -- >> hi. >> hi. >> [inaudible] talk a bit about both your interaction with the members here and degree to which your operation has sort of been muscular presence here? is there any part of that, an attempt to send a signal to your challenger, potential challengers you're very far ahead? >> you know, ann, i think it's more a result of the lessons that learned the last time, how

important it is to be as well-organized and focused from the very beginning on, delegates, those who are superdelegates. those eventually going to be elected or named as delegates. and i'm very encouraged kind of response that i'm getting. i have had a chance to meet with quite a few of the super dell gates -- delegates who are here and other dnc officials and members and they have had a lot of interaction with my team and, we have answered a lot of calls about how to become involved and there have been a lot of public endorsements. more will follow but this is really about how you put the numbers together to secure the nomination. as some of you might recall, in 2008 i got a lot of votes but i didn't, i didn't get enough delegates.

and so i think it is understandable that my focus will be on delegates as well as votes this time. >> secretary clinton -- [inaudible]. >> hi. >> curious, frustration with -- [inaudible] are you frustrated with -- [inaudible] you think there need to be reforms and classification system? also curious, are you hearing from backers moving forward very much over the hearing on benghazi? what do you hope to achieve? >> you know, i'm not frustrated. i'm just trying to explain for people who have never had to follow this before that it is complicated, and that is nothing unique about the process that is being conducted about my emails. this is what happens anytime something is foiad.

anytime there is another reason why it, information should be made public. and there is a process that has been followed for me and for everybody he will. as part of that process people weigh in. and, i think that, it is a little confusing, and i certainly understand why for the press and for the public, to try to make sense of this, like something wasn't going 2009 and 2010, maybe now it should. if you've been around the process, you know that is not uncommon. maybe, when we get all of this behind us, people should say, hey, let's take a deep breath here try to figure out, is that the best process. it doesn't frustrate me. it is reality. and i'm trying to do, a better job of explaining to people what's going on. so that there is not all of this, you know, concern and

there is some sense made out of the confusion and to answer people's questions. with respect to the, the appearance before the committee, i think this will be, by my count, the 8th committee in the congress that has looked into the tragic events in benghazi. i have been saying for nearly a year, i am more than willing, eager, ready to go up and testify. i offered dates in the spring and early summer. and when they came back with alternative dates, i immediately said, i'll be there. and i will be there. and i hope that this will be the last effort by some in the congress to he politicize the tragic events of benghazi. and that we do what all the other investigations, both the congressional ones and

independent one and, and press and others who have examined this, we will do what we can to make sure it doesn't happen again. and that's always been my focus. >> how do you plan on dealing with 11 million undocumented immigrants in the u.s.? >> well, i'm glad you asked me that. >> thank you. >> because i know that there are some on the other side who are seriously advocating to deport 11, 12 million people who are working here. i find it the height of irony, a party which espouses small government would want to unleash a massive law enforcement effort, including perhaps, national guard and others to go and literally pull people out of their homes and their work places, round them up, put them, i don't know, in buses, boxcars?

in order to take them across our border. i just find that not only absurd but appalling. and, that's why i support comprehensive immigration reform. i have for years. i support i had it when -- i supported it when i was in the senate. i support it very strongly now and it was a deep disappointment to me when there was a bipartisan agreement voted on by the senate, to do just what we needed, a comprehensive immigration reform, that included a earned path to citizenship, that the house would not even give it a vote. so i will, i will oppose in every way i can what i consider to be nothing but a political stunt. and will also raise questions as i am doing today about what the realities of that kind of claim actually are. >> secretary, putting people in

boxcars? >> back to the delegate counting, are you at all concerned buzz around potential vice president joe biden candidacy is leading some democrats here to hold off voicing their support for you? >> i haven't seen any of that. we have picked up additional supporters yesterday and even today, so, i can only run my campaign. i can not speak for other potential candidates or current candidates. i can only tell you based on what is happening around me and that my campaign are working on. i don't see any evidence of that. >> madam secretary, i have a couple questions, were you aware -- thank you. were you aware that your husband wanted to give paid speeches to repressive regime like north korea? do you have any comment on these

new emails that raise conflicts of interest about your -- [inaudible]. you said there is nothing unique about this situation. you said that before. you can you name one cabinet secretary with their own server. >> let me ask one of your questions, that is what you are entitled to, and the first question, that you asked about the process that was set up in my years as secretary of state was for any request that my husband received to be sent to the state department, to be vetted. so it didn't matter where it was coming from. it was going to go to the state department. and there were some unusual requests but they all went through the process to try to make sure that the state department conducted its independent review. he did neither of those speeches.

eds i will say this, you might not recall but president obama sent my husband to north korea, to rescue the two journalists who had been captured. this was after a painstaking negotiation. to try to convince the north korean leader to release these two young women. and every offer we made, every diplomatic overture we made was rebuffed. then finally, we offered many people to go. what about this person? what about that person? all of them were rebuffed. finally the north koreans came back, if bill clinton comes we'll give him the two journalists. we thought about it. obviously the president and i others, analyzed it. we wanted those young women home and we said okay. i tell you that because that was a successful mission that accomplished its purpose. now i think it's beyond unlikely that the state department, not involving me, but that the state

department would say, you know, we think it's a good idea for you to go back and see what more you can find out. see what you can pick up. now, in the end, that was not something my husband wanted to do. it was not something that the state department wanted him to do. it never happened. but i'm just telling you we had a process so that all of these requests would be vetted. it would be highly unlikely it would be a positive response, yes, we want you to go, but not totally beyond the realm of possibility, so, you know, that is the way we did it. we tried to really be as careful and thoughtful in that process and, this is another example of how it worked. thank you all very much. >> conflicts of interest question? connell: hillary clinton wrapping up a news conference, a rare one at that in minneapolis where she did answer some questions about the email scandal that has surrounded her campaign and new story, that

question you may have not heard it very well at end was from ed henry from fox news, emails, bill clinton, former president and her husband was looking to make speeches or places like north korea. she explained to ed that was helping to bring journalists home and that type of thing. she did say she answered one ever ed's questions because she felt it was what he was entitled to. any reaction, mr. gas parrino? >> he had the express answer. >> she is example of a bitter boomer one can imagine. remarkable. never stops. you can go to youtube and listen to her press conference before the white house crew and hear her tell people that she made 100 times in trading cattle futures because she read "the wall street journal."

where cattle is mentioned once ever three months. this was her source of information. she made 100 times. it continue. >> why does that make her a bitter boomer? >> it maersks her the worst example of a bitter boomer? >> why? >> she is liar. she doesn't tell the truth. i mean this whole business about email, i mean, it says that she doesn't know anything about computers. how is she going to run the white house? with a telephone? seriously. this is a person -- >> elect for president? >> late great columnist bill sapphire say about her way back when? i was at the journal at the time. i remember we were reading it in the, reading his column. >> in "the times." >> in the "times." basically says that, i'm paraphrasing every other word out of her mouth is a lie. she lies on reflex. and i think that's the scary thing about her. i think, you know, i know people that know her personally and think she is incredibly warm and nice and charming. >> comes off.

that is psychopath. >> does all these things. tell you, american public is, now she is stuck with the reputation. >> you can't say hillary clinton is psychopath. >> how do you know she is not? you doesn't know that. >> the thing is, what is the strategy here to make statement on friday for the weekend talk shows, sort of mitigating the prior kind of apology, right? >> i mean there is clearly something changed. speaking to ed henry, got it started, remember, charlie last week with that question fairly dismissive of i am. clearly a change in strategy whatever you make of it here. that is what it is. donald trump maybe there is no strategy. whatever comes into his mind he will say it. with hillary clinton there is strategy. >> her stonewalling isn't working. that is prompting a strategy change. >> i will say this. i think there might be something psychopathic about her. she has been doing this for a long time. seems what was the word sapphire -- safire used?

>> congenital liar? >> she is like old line about a alcoholic or addict. how do you know when they're lying? when they move their lips. that is how you know. and that is what strikes my about hillary clinton. and if anyone doesn't it believe it, if anyone doesn't believe it, go to youtube. >> you're the least bitter of us. >> she definitely, perspective she adds. something interesting out of the, out of hillary, we're staying with breaking news, charlie. what are you producing the show too? >> let's be clear here. if you call this breaking news, what did she say was news. connell: didn't say anything new, guys? >> zero, maestro. zero maestro. >> would have said it differently. use of email system. connell: would have used her own emails. which was kind ever same thing. wouldn't use two emails. how many emails do you have

anyway? >> edward r. murrow. connell: that is the point, hold as news conference and doesn't say anything. >> what about immigration. connell: very happy to get that question. >> thank you for asking. connell: go ahead real quick. >> have there been any emails related to benghazi they vetted? i'm just curious. i haven't heard a thing about that. i'm curious whether there have been any they have found. >> "bitter boomers" are pretty bitter about hillary clinton. connell: the question is, for, and no, you're right, she didn't say anything new, question what happens next. we talked to somebody earlier oh, biden will jump in. hearing anything about the fact he gets in or like i does? >> places most excited about the biden candidacy is from conservatives. when you, they, they keep, i read "washington examiner." you read this stuff. breitbart, you name it, they are just saying is he is ready to jump in. he is the on the verge. maybe he is but i don't get that from the democratic money guys

who are pretty plugged in that i talk to. that doesn't mean he won't. doesn't mean that this email thing will not be problematic which it could be. we ain't there yet okay? >> he has never done well. >> by the way she has apparatus, she has husband who is incredibly plugged in. she is incredibly plugged in. she has fund-raising ready to go. she does have potential legal issue we know that that can screw her up, the minute it does they will support biden whatever democrat. and at that point, i think we are underestimating martin o'malley. >> does anyone think hillary will be the nominee? >> as of right now she is by a long shot. and. and i would ask this. the question for judgment khazei if you ever get him

on. he has been talking about this e-mail issue. can she run for president, even if she is charged with a misdemeanor? here is why i say that, david kendall, her lawyer, represent a general betray us. that woman he was having an affair with. and iwith. and i think he pled down to a misdemeanor. he is going to work at carlyle group. from a legal standpoint can she become president with that type of misdemeanor on her record? let me just ask this, does she get security clearance. >> that is an important point. >> i think the day before the bush election. >> you can even stop them. >> they came out that he was arrested for driving while intoxicated.

>> when i speak is it not allowed? >> i'm sorry. >> i think we have to -- you know, is nothing coming out of my mouth. it is a better boomer section. thank you. you. >> here we are, 120 minutes until the close of what has been a volatile week. markets moving to the downside. down about 75 points. keep in mind, this is basically at 2:00 o'clock eastern. gains are getting wiped out all beginning right now. it is anyone's guess. losses accelerating in the last couple of minutes. minutes. meanwhil,