okay. that's extraordinary. >> now you have energy stocks in the market moving substantially >> that's helping overall stock market. i think they've got it. david is in for neil cavuto it is yours david. >> thank you. a shaky start to the week, and i end of a wild mcconnell mccain knows why this market is behaving as it is right now. what is the answer connell? >> saving that up but hosting the 3:00 show . leading with that and i want to keep it away from everyone until then. it has been crazy your right about that. give you calendar events and anybody else who took points off on monday it tells half of the story. down 1,000 points and those wild things, on wednesday, thursday, really don't even tell the whole story because go back to the week before. the last week and a half. craziness that we've seen. all of the headline after today is all said and done. maybe that we've had had the worst month in the storkt if in

more than three years this month of august. we'll see how it closes out. as for what's happening today i know we've come well off our lows only down 45 point right now. still people are talking about the stock market here, and a why it's falling, well their pointing fingers still david at the chinese pches a story in the financial times saying china is not intervening its stock market and won't be buying up and punishing now -- individuals they're mad at people for spreading rumors is bottom line. rowpgding up people in china according to reports. for spreading rumors of the market take away from that whatever you will. quick thing on groups, energy has been weak at least it was when we were down more than we were earlier so we'll look at energy stocks. guess what they're turning around now. that may be part of the turnaround of the market because these were lower in the day. off the lows energy stocks do as well. for the month david s&p 500 down 5, 6% it may be the worst month

since may of 2012 see again how we finish. the chart with the big dip back at the end. back to you. >> you did have an answer oil stocks turnaround that might be it. >> let's go with nap looking at the headlines by the way you might think sepght could even be worse than august. now is that just a stocks superstition or is an even bigger selloff in the works? we're hearing it from some quarters. dan shafer says trouble is ahead. more trouble. worse trouble. jonathan says that's nonsense. dan first to you how bad do you think it is going to get in september? >> it could get bad. august is volatile month september is trending month an in september it steps up for october low so we see that the market may not be as volatile in august but trend continue will be lower at least we see it to the middle of the month too much unsernght right now. and we have the budget issues in the united states that's going to now become news headlines which will be factored into people being nervous about owning stocks. >> we have the ed --

fed why is dan wrong? >> well, you know david -- september actually tends to be the day to dan's upon the the worst month for stocks and september is only month out of the year where stocks tend to have historically negative bent. this september not any september but dan's point the breath right now number of stocks they're doing very well is very, very low so when you're looking for strength you're not finding it. what i do think you say is it remains oversold and amazing spike of fear in the last couple of weeks and i think that suggestion -- setting up for another big plunge. >> back when market was at the height it was way overbought. where is the equalibrieum snow? >> it is now that when you look at numbers of stocks up versus number of stocks that are going down the livelihood is that we've made even an interim short-term bottom markets have all of the time in the world but i don't see us having another

ten, 15 -- >> one thing that i think is giving positive feeling to the market is this economic news that we've come out with, of course, that's looking in the past. but are you encouraged at all by some of the growth statistics that are positive coming out? >> not at all. three days ago the fed released their velocity of money dead in the water, dead out in europe and china and japan. interest rates they talk about normalization they talk about normalization that means they have to raise rates in order for the pension funds to survive because they're so behind their 8% target rate. all of the markets are so dislocated all overt world from currency to commodity to equity market. it is way overvalued way overbought if you look at the last six years. so i'm about 3,000 points lower on the dow from here before we find any support which is like 12,500 maybe 13,000 and it's

going to get rocky because top line revenues are not there. >> jonathan back to jonathan because i have no idea what's going to happen with the stock market. but i do have an idea of what's been happening with the economy and you make it more tough for businesses to operate. you make it mother expensionive for businesses to operate and you'll have less business. you agree with that jonathan i know you do that's why you're for less regular g regulated it environment than we have, and doesn't that mean that until we get that massive deregulation that we need in this country, the economy is going to slow in the markets are going to have to pull back a little? >> it certainly david to the extent that this economy is controlled the extent that the economy is regulated, it will suffer. it will plot along, and o.c. areas of the market and areas of the economy that are most regulated we've seen become most troubled in a sense. but i just when i look at the market right now, i find that it's essentially no man's land not a lot of growth. for not a lot of reason to move lower. and david i disagree on one level market tends to anticipate

the economy doesn't reflect the economy to the fact that the market has been so weak it is a bad policy. >> one thing that is moving today big time is oil. up again another 5% right now. what -- that seems to have been responsible for improving the market. market was down triple digits on the dow. now it is down only 38 points. what is happening with oil and is that an indicator of anything? >> well oil is taking a bounce off of the 37 level that had had on friday and thursday or actually monday of last week so it is getting a little bounce here but nothing has changed dmangtd for oil l globally it is still down and we have still so much oil in the bank that it can move prices up. i'm looking for a 20 or 30 handle on -- >> 20 handle. >> do you think that's possible? >> it wouldn't surprise me david. markets tend to, you know, go to excess on the up and downside. hundred dollars is a floor for oil. now 30 dollars could potentially

be seen as a ceiling opinion >> one last thing bond market i've gone short three weeks ago for first time in 18 years because of the risk -- >> in 18 years. >> been long for 18 years. >> anything to do with the chinese dumping their bonds? >> but 18 trillion and tiff no clue how they're going to pay it back. >> i don't think jonathon or anybody does. guys thank you verify. john appreciate it. we've been talking about fed uncertainty is also weighing on stocks is federal reserve is signaling its ontrack to raise rates this year. now, charlie gasparino has found a special pair of glasses that he says allows him to peer into the fed -- >> what do they tell you? >> they don't know anything. [laughter] all right. key here, though is that the fed -- exceeded the time at which it should have raised do you think it should have raised rates a long time to go? >> i don't know about a long time but here's the problem that the fed finds itself in and this is not a good problem to be

in. they were the only game in town for eight years of president obama's presidency. or going on l 8 years. >> it was the fed. >> but just the economy too, and when president obama stimulus package failed it was up to the fed to do whatever it had to do to coop us out of a double dipper recession and it did that. i think ben bernanke deserves credit for that even though he doesn't get it. but it came at a cost. stock market at 18 -- 18000. an a guess what it shouldn't be there. because our economy is not -- >> not there now. 16005. but now in a position that it might have to raise rates because next year we with might are a recession that needs something to deal with that recession like lower rates when the recession comes, at a time when chinese's economy is slowing. so the gdp precinct is not the real gdp precinct it is going to come in when china -- concontagion.

>> that figure didn't take into the fact that the chinese -- >> of course not. chinese market crisis -- hasn't stopped crashing. >> it is not just their market but their economy is slowing down that affects the rest of the world. >> back to the fed though, the longer you put it off you say we missed the time when we should have done it but harder it gets because when -- what's going to happen is there's going to be a lot of data coming out to say don't do it. but here's the box they're in. they almost have to do it now. they have to do it at a really bad time. why is that? because if we run to recession next year, they need to cut rates. and then we might have a recession economic cycles last seven years. >> make it a zero. >> you can throw cash out of the helicopters, and we -- question is whether there's another sort of money thing. >> you can do what they suggested a qe4 it is all possible. but you're playing with fire when you're doing that. >> is the fed afraid of the stock market right now charlie?

>> they're afraid of everything. >> that's a bad position for the federal reserve to be in. >> they box themselves in on everything and it has scary because, you know, you want a fed to racket to it -- react to the economy when it gets really bad, and that said it is possible that they can -- they can react now and make it even worse. and that's the box we're in. >> but you and i are old enough to remember paul he didn't care at all about the stock market -- >> run away this is possibly deflation who knows what's going on out there. it is a really scary time and you have a global economy that's clearly got the slow. if china is not growing 8% it is 5% that's an impact. >> what is your guess september rate hike? >> i think they have to. >> charlie gasparino thank you very much. we're awaiting new details bay, in hillary clinton e-mail saga. more state department e-mails being released soon and as this controversy isn't going away black burman reports neither is

bernie sanders riding on coat tails of hillary's e-mail problems. >> a lot of interestings numbers out there david state department official tells fox about first a off the fresh batch of hillary clinton e-mails will total 6,000 pages that official also says roughly 30 e-mails redacted because they contain now classified information. this would bring the total number to roughly 90 so far. complin clinton defends her pee mail practices but secretary of state saying that she never sent nor received e-mail that was marked classified at the time. either way, this appears to be an issue is that is affecting her standing with voters latest example iowa. des moines register poll of caucus goers shows clinton received 37% support that's just about 7% ahead of bernie sanders but to put that in perspective take a look at the line below

that david, that same poll just three months ago. showed clinton had a commanding lead in first caucus state up by 41 points. now she's just a couple of points outside of the margin of error. bernie sanders was asked yesterday about his iowa gains. take a listen. >> the huge clouds that we are seeing. this is not anti-hillary clinton. this is probernie sanders pro a message that says enough is enough. >> now that register poll shows a clear 1-2 on the republican side. both nonpoliticians donald trump, and ben carson each received 23 and 18%. also today a new mammoth university poll out has those two tied at 23% as well so carson there getting some momentum it appears in iowa. as hillary clinton might be losing some on that side. >> even more interesting than that that one, two, three position carr lie fiorina is

gaining ground it look at that double digit politicians there are not politicians. and -- >> add that up trump 23 carson 23, fiorina 10 that gets you to 56% that is more than a majority david and if there's a signal so far to date that certainly has to be one of them. >> rebellion against professional politicians our founders never thought there is one but there's a rebellion against it blake thank you very much. white house could be about to fire off sanctions against china for cyberhacking our companies. what this could mean for a company that is already pretty shaky.

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around. >> u.s. apparently getting ready to punish china over cyberhacks. there are now reports that the obama administration is drafting sanctions against chinese companies that have benefited from the attacks seth on whether the u.s. response could have been stronger and should have come a lot sooner. seth good to see ya. how exactly these sanctions supposed to work? >> well let's -- that's why the administration is developing them and that's what we know about them right now. but the one thing that we can be certain of is they're very well deserved. china has conducted cyberattacks against the officer personnel management an records of millions of federal workers have been compromised , personal information, social security numbers, china had had cyberattacks, launched cyberattacks against the u.s.

defense department. the defense transportation command. and the pla, chinese military has conducted cyberattacks against u.s. corporations and that's just -- that's just the tim of the iceburg there. : you mentioned a lot of chinese government attacks on the u.s. or institutions yet they're against individuals. shouldn't they be against the government? >> yes, it should be, and the administration has been very, very reluctant to take china seriously as a strategic competitor, and don't you find it ironic that while the administration is talking about developing sanctions, against the cyberviolator, they want to lift sanctions against a country, iran, that's going to build a nuclear weapon. i mean, that's crazy isn't it? >> extraordinary that's a kettle

of fish. but we're about to have this state dinner for the president of china. they're going to have a 21-gun salute on the white house lawn. they're fedding hmm as, you know, one of the best friends we have in the world. and yet he's got to know something about the hacks; right? >> sure he does. >> shouldn't we be with treating hem as our best friend or as an enemy? >> i don't think we should treat him as either. i think that the -- right way to treat him is exactly the way he treats us. and that is that china looks at fuss as a strategic competitor. we have like economic interest that we share with them, but they see us as a strategic competitor, and we completely release this administration completely ignores the fact that they are indeed a straw strategic competitor. >> by the way you used to work in the navy i've heard of naval forces buildup there's areas,

countries that are friends of ours like australia that are concerned about this. what can we do about it? >> one thing that we should be doing about this is challenging china claims to sovereignty, hundreds of miles from their borders. i think your viewers might know about the island building campaign. the chinese have decided that parts of the south china sea that are literally hundreds of miles from the chinese mainland are going to be turned into islands. return reef and more pieces of land that jet up into the ocean. and they arm them within the aircraft batteries, and what we should be doing is challenge hadding that. sending ships by them. flying aircraft over, and this administration steadfastly refuses to do anything about it. >> by the way sounds a little bit the way that japanese buildup on these back in right before world war ii and during the war. >> right.

and the strategic competition that i'm talking about that we have with china really requires a response to that, and this administration has been completely slengt. just simply ignored it. that means accepting it. >> good to see you seth appreciate it. >> good to see you david. we have with a huge spike in oil going on right now. look at this, up about 5.5%. this is after a decline in monthly domestic crude production what this means for gas prices and your wallet coming next.

>> we have some breaking news about chipotle a lot of people eat there. they're being sued in a class action case claiming their menu is not actually gmo free. chipotle marketing itself is environmentally conscience but

the claims chipotle meats come from animals that feed on genetically modified foods. its stock is not taken too much of a hit from this but may pan out. crude prices an opec might be up to jeff flock live watching crude oil and how it is impacting prices again it is u.s. production and opec production. talk about u.s. production first. >> i think that's the bottom line david it is a combination of west oil period. starting with u.s. oil, this is the eia numbers latest ones now, this is an update of what they thought the june number down about -- well it was in may. 9.4 million barrels per day. in june 9.2 million. a significant drop there indication of west oil out there. that combined just a little bit ago we have that da it out, and

then talk about opec maybe beginning to think about cutting its production. that's when this market flipped totally around from down a dollar 60 a barrel to now up $2.20 a barrel. what does this mean for refinery stocks? well phillip 66 already it was getting boost today. take a look at that up 2.6%. up as well. with all of this surround, you know at the beginning of last week we were down what six and a half year lows for oil and now we have another 5% rise on top of the 6% last friday and a 10% on thursday. i'll leave you with gas prices. particularly here in the midwest that has really benefited from the restoration of that refinery in whiting indiana. gas prices down here in the midwest just dropping, plummeting as much as 30 cents in some states has been a great thing for those of us that spend a lot of team in our cars. >> i don't to make you jealous

but i have to tell you i was taking a train through new jersey yesterday we saw gas $2.05 in jersey and a friend says $1.98 a gallon in new jersey one gas station. >> gas buddy said today that they think by christmas half the country will be under $2. for ga g gasoline. >> change with oil we can see what happens. thank you jeff flock appreciate it. drivers as we mentioned getting extra cash in their pockets maybe that's why we're hearing consumers are spending more. they're still confident about the economy but those reports coming out before last week's crazy market drive. so should we expect americans to be more bummed out now to jerry willis. jerry you're not bummed out when you look at 1.98 for gas. >> this is cheapest average gas price in late august since 2004. to continue into labor day so we're going to get a benefit here to consumer the question is, though whether had

consumers will believe that this is going to continue. we have great numbers last week right mortgage applications edging higher two tenths a percent. owing on fire here. existing home sales up in july 2% these are important numbers for broader economy not just for consumers and now number of americans seeking first time unemployment benefits falling last week by about 6000 so that's good news. but the big question is, do people start to act on this information? and does it really help the broader economy? and i think that answer is this, it is subtle yes gas prices are falling general economic scenes falling we have the gdp number on fire. but i believe that more than ever do you consumers are operating on basis of their own wallet. do i really need to buy this? do i want to buy this, what do we need to be doing for ourselves expanding our family. >> a lot of figures that cam out last week and coming out this week are looking at a mirror. they're looking behind us couple of weeks they don't take into

account the skiddish of the last week market action. >> this doesn't help americans confidence in the economy. maybe you don't own individual stocks but vast majority of american dos not. but you look at that and you think what's going on. why is this so out of control and unpredictable and have it falling at the beginning of the market why a thousand point drop? destabilizing two individual americans i think it makes them concerned about opening their wallet. >> still skiddish. >> jerry good to see you thank you very much. the draft biden movement gains steam but did he wait too long to make the jump is in some say he might wait until january. is that possible? could he get in then? bernie sanders gaining on hillary in pots but the reason behind his gain, could surprise you.

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>> well awaiting a new look at hillary clinton's state department e-mails and many democrats are hoping joe biden gets a good look. the vice president weighing a run to become president. and draft bide advisor steve shale hopes to be actually jumps in soon. what are you hearing, ?eef? >> hearing that vice president is considering this. i don't have any news on the time line he's working through but you know our job at draft biden is to talk to donors talk to volunteers, try to build infrastructure in the states for him so if he does decide to get in the race there's a foundation

for him there. >> why would you prefer biden to hillary ?mpg for me this isn't really a choice. as i told a number of your colleagues, frankly after five consecutive statewide races in florida i was looking forward to a year on the beach and not a campaign office. [laughter] i have a good affinity for the vice president got to know him during the 2008 election, and pretty much like anybody who spent my time with the guy i came away really a fan. so you want mccain, obviously -- >> obvious question does somebody looking at your position and people for biden is it has to be hillary e-mail problems that are putting drag in her and want biden to run. >> no, for me really it is about joe bide an unique person in american politics. >> i have to press you on this. obviously hillary's troubles the baggage that she's carrying with those e-mails, is affecting a lot of people's view of biden running.

actually a lot of folks who have been elected president who had months of in august in offyear. i work for one of them. i don't think we know how that's going to play out frankly again for me i think vice president is one of the few in washington universally respected on both sides of the aisle. one of the problems that we have in washington is we have folks that don't talk to each other and can't solve basic problems. >> democrats who don't talk to each other. >> exactly. a lot of people were complaining a lot of democrats were complaining about that concerning president obama. that he wasn't talking you have in to -- talking enough to congress. >> we have a guy who has been a part of solving pretty much every major debate between the white house and congress in the last six years again he's universally respected. i think it was his age, seniority, his relationships i think he gives us a chance to actually deal with some of the pressing problems our country has been facing. what is beginning on 20 years from now. >> i agree with you 100% on that. i'm wondering about this

statement attributed to him that he would run one term if he ran would he pledge to do that and why? >> again, you know, i don't have a inside on that. i've not had a mans to talk to the vice president since i spoke up. so i don't know what's in his head. but i think -- >> like him to run for two or would you be satisfied if he just said i'm just going to do one term? >> listen welcome at this point i'm all in for whatever he wants to do. so if he wants to serve one year one term that's fine. but two i would be there with him. again, i think that, you know what we don't need in this srnt is more devicive politics. >> on that. but what about liz warren is thriz warren playing part at all in this? we know that he met with liz warren about a week ago. >> we know two of them spoke. vice president is doing what i thought running for florida legislature. >> you're being discreet. >> wish i had more insight.

>> you have a little more. but final word, we did hear over the weekend i think it was washington post that suggest that he may wait until january to make a definitive decision could he wait that long? isn't january far too late to get into this race? >> well, my suspicion is that he probable won't wait that long. i don't know for certain but i will say he starts with a universal name. he has a nation sorry a national network of friends. ability to raise money quickly just based on donors ave p i've tacked to in last week. for him timeline is different about that normal and to give you perspective. you know there was a quinnipiac poll that came out that had him 25 points. secretary clinton at this point head-to-head nationally. at this point, and around november of 2007, so two months from now in election cycle president obama was down about the same margin. so -- there's still plenty of time. >> and president obama was running at that time. vice president biden isn't running yet. thank you so much.

best of luck to you appreciate you coming in. >> meanwhile bernie sanders continue to rise to the polls and insist the jump is supporters who were probernie not anti-hillary. two democrat strategist julie on whether he's right. so julie is bernie's riding hillary or e-mails? >> a little bit of both. but iowa polls show people are fired up about bernie sanders and so passionate but that is whole in washington for a very long time as a senator and congressman before that. but been a third party guy. a socialist that's really the problem with bernie is that a lot of people are suggesting that the distance between a socialist view of america and the democratic view of america is shrinking there's no difference. >> he would argue that he's a social democrat right -- >> come on he said clearly he's a socialist. >> so problem for hillary again is that what we're seeing is repeat to some extent of 2008 where you've got beginning and

one difference i will say. did tay i'm not sure bernie sanders has organization that obama had in 2008 and not sure he hassens ifs that obama had in 2008 to overtack her but previous best guess is why sanders is surging. >> i've known bernie i'm with the college in vat years and years ago so i've known bernie for a long time he's an absolute socialist he believes as an economic solution to any problem whether it is health care, you name it. scarce and delayed his entry into some kind of debate with hillary ?rchg you have that argument made not just by him but martin o'malley and people who believe dnc is in the tank for hillary. evidence bares part of that out. pmpleg this is dnc scared of a socialist? >> i think dnc would prefer to have hillary clinton or probably joe biden as nominee as standard

bearer and majority of democrats would judging on her polls but this is a shot across new hampshire depleting in iowa where he's gaining. >> also a shot against the battle of the establishment of the democratic party and of course the republicans have that too. we have this poll from coming out from iowa saying that carson ben carson and donald trump are in the tie for the lead number three is fiorina all three of the double digit leaders there are nonpoliticians. >> look at america. this is -- >> i love it because i think that professional, political class is absolutely against what america should stand for. we should not have a class of professional politicians. >> what you see right now is with the tea party in the beginning of bum's term and republican side. i think occupy wall street and democratic side. >> before the high risk tried to kill the tea party would have made an effect in 2005. >> you believe that i would disagree with demographics but i think that there's a big

argument to be made many years in coming. and i have to caution it is august 15th. if we look to president giuliani or hillary clinton would have been in office right now of course that's not what happened. >> no, no question a lot of time left but i don't think it is beginning away. this anti--- establishment feeling, i hope it doesn't go away. >> what is interesting is that if you do have a hillary clinton jeb bush, general election for example, how many people say home on both sides how many say you know what -- >> that's a darn good question i have to admit. julie thank you very much. good to see you. >> you too david. hurricane fred clurning in atlantic ocean how much strength he's going to gain as he barrels towards us. details on the hurricane in a moment. (trader vo) i search. i research. i dig. and dig some more. because, for me, the challenge of the search... is almost as exciting as the thrill of the find. (announcer) at scottrade, we share

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>> just when gas prices are coming down look what's happening to oil gone way up. up about 5.5% right now

continuing three day rally that raced august a supplies cuts to oil production and rumor that o'neck might actually cut back ons its production producing like crazy led to the drop in prices more than anything else. but now they may be ready to turn that around an you can see what's saving oil. tropical storm erika posing a severe flooding rsk to parts of florida. meanwhile hurricane fred is strengthening in the meteorologist janice dean weather machine that's reporting that's just the beginning of things. >> it is peak hurricane season so question expect this kind of thing the pacific is going crazy i'll show you that in just a second. but what's left of erika bringing some rainfall to florida and in some cases three to five inches on top of saturated grouped where we have record-breaking last week so seeing thunderstorm into the sunshine state. south, central florida and east coast as we're not done yet

future radar through wednesday perhaps precipitation and moisture move into this area but again saturated e they have received a tremendous amount of rainfall over the last several weekings. so looking ahead to thursday certainly three to five inches not out of the question here. flash flood watches and warnings are posted. now, fred you mentioned fred hurricane fred this is first time we've seen a hurricane this far out in the atlantic. so a record-breaker. warnings for cape verde islands once it is done with those we're thinking it is mainly going to be a fish storm meaning that it is not beginning to affect anyone. great news that's the way we like them in the fox news extreme weather department. triple health insurance all three of these were category four amazing. this is hurricane hemina it won't affect land but this one we're going to watch because it moves north of hawaii. this is over the next couple of

days so they will certainly get rough surf and rain bands from this but going to move far north of the hawaiian islands. so we're in the peak season david. good news is for the most part not really affected by any of these hurricanes at this point. >> good keep them out at sea. >> that is better for everybody. thank you very much. you've got to blow real hard. there you go janice thank you very much. bye. >> democratics close to having enough votes to getting the iranian deal through without a veto but republicans have a plan b, to shoot it down what the republican congressman, coming up next.

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>> critics of iran nuclear deal hit with a big blow. 75 former lawmakers are urging congress to back the iranian nuclear deal. republican congressman lee now on whether there's still hope to shoot down a deal. congressman thank you for coming in. let's first pull back a little bit. and just is talk about what's happening in iran the supreme leader of iran continues to spit on america. continues to say no matter what the deal says we're not going to let foreigners or aiea into our marl basis. how can anybody ignore that? >> you can't you have to take them at their word they're upfront. military sites during the negotiations that we won't have any access to their military site that are saying death to merck. dropping itbm blowing up u.s. worships all that is ignored obama administration said they're appease their hardliners, the fact is we're popping up the wrong regime.

>> it is maybe the point is that the leaders are the hardliners, and i mean the nobody speak for what the iranian government does more than the supreme leader nobody can trump the supreme leader and he's the one saying we're not going to let anybody but our own guys investigate these sites. >> hamas and hezbollah, and did lead the force and reports directly to the supreme leader. all of the evidence all over the map of the middle east points directly to the iranian leadership in charge right now they are hard liner. >> self-and side deet that showed that they were going to be able to self-inspect military facility at very important military facility that has been for the past 12 to 15 years where they've been working on this thing. even the iaea says no. they're admitting in criticism saying it is iranians who are sampling the material in those

sites, and then bringing to the inspector. so iranians are on front line of those inspection. >> no american inspectors you're absolutely right. associated press put that -- the report of the leave one of the deals that's what it said. >> since then, iaea trying to pour cold water on that associated press report admits that the samples are beginning to be taken by the iranians. not by international inspectors. >> president say this is is a deal that is not built on trust but built on verification how does anyone support this deal when you vice president even read the inspection verification? >> how is it in light all of this that the other side, side in favor of the deal is get traction right now? >> people who are prioritizing over national security. fact is congress they're not on the clock. lost states that congress is entitled to the entire agreement defined by including other agreements that are between iran and other parties.

it is right in the law. the president signed to congress passed it. that's how you trigger the 60-day review clock and president cant wave statutory. >> fortunately we have other means than relying on no offense but people inside the beltway for solutions. senator in oklahoma and his attorney general. put together an idea of having states themselves states getting together and continuing with sanctions on a statewide level. they had a wall street journal editorial today say rather than dropping sanctions against ran, states should strengthen and expand sanctions to prohibit the investment of public assets such as pension funds into companies doing business with countries and sponsor terrorism like iran. do you think that would do any good? >> absolutely and president cut a deet that was assuming that the states were going to remove their sanctions. that assumption isn't bad. and one in four -- >> enough money, enough money

from the united states individual states to affect iran? >> absolutely there's enough weight that is given to those american sanctions. every bmw and suv is manufactured there if you want to buy one, it is manufactured in charleston, sent to germany. so right now for germans, for german companies they're being able to benefit from the american economy and the iranian economy. if given the choice between which economy to be able to do business in, fact is that the regime would stay in police and not enough weight given. >> diskowrnlings people including israelis is even the u.s. snaps back sanctions because -- iran violates the treaty or agreement in some way the europes won't. and it has sort of like engtd of the carter administration back in late 70s when iran -- the stuff that led to those in

control. has obama administration put the united states in the same position? >> well the president has put us in a really bad position. i don't think we should get to the point to talking snapping back sanction but maintain sanctions as they are right now, and strengthen them so we're not -- >> even with doe that europes won't. >> i disagree because right now russia and china they're not playing for the same team that we are. you look at england germany france foreign countries, and companies they're relying on being able to do business with the american economy we keep our sanctions in place they're looking to us for leadership. we're the leaders of free will let's lead. >> good to see you sir thank you for coming next tom brady is back not in the field yet but back in court. we're live outside the courthouse with the very latest.

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>> welcome back to cavuto coast to coast. i'm david asman. the stocks are coming back a little bit and more talk of a fed rate hike, maybe even in september. that's what charlie gasparino said. and falling chinese stock markets into a wild month. and to nicole petallides and wow, who would have known that august would be so bad. nicole: august turned out to be bad across the board. we had market volatility and when the china story started to kick in and we saw the shanghai composite index. 12 1/2% for month of august and when you put july and august together, it was the worst two months since the financial crisis. that being said, getting off the shanghai and bringing it here at home, the dow, the

nasdaq and the nasdaq are down for the months of august and seeing it affected by the move and we have so many stocks to the down side. so many related to china and in particular, alibaba, for example. that's down 13%. and qualcomm down 11% and yum! brands down 8% this month. all three of those outpacing the losses of the major averages and they're worse than expected and the questions, whether or not we'll get bounce backed because the china government now saying that they're not going to be popping up stocks over there. in the meantime, we launched that shanghai composite under pressure and the question, when will it ease up and what does the fed do? is the fed looking at the global markets? they say they're not and maybe they are. >> there's a question, what's happening with oil today. it's now up over 6%, if you can take a look at oil. this is an extraordinary jump in the price of oil. a lot of that might have to do with comments from opec,

suggesting that maybe they'll pull back on production a little bit. but let's go back to china, thank you very much, nicole, appreciate it. and china signaling it will no longer intervene in the stock market, and that's what they say and that's not helping matters there. and ty young says the government shut be involved at all. i'm wondering if they're serious about it. they say it's not going to intervene, it's in their blood and they're communists after all. they're trying to tactful act like they are capital lists and the fact is their market is down big, 30% over the last several months and they've affected markets all over the region, hong kong, australia japan, the list goes on. as a result of china intervening in the market and causing a bubble, china, they've lowered interest rates five times and to try to save the market after the bubble they created, and they've devalued 3 1/2 in one month and arrested traders that are

shorting stocks to try to stop is it from happening. it's very much a stretch, you know, for me and they-- >> you and i agree that government intervention and the markets don't help in the long run, but you and i also have to know that traders kind of like it when they get help, either from the federal reserve here or from the chinese government over there. >> well, that's right. we're in a situation, david, where traders are trading based upon what may happen with the fed as opposed to trading on fundamentals. because the federal reserve has held interest rates low artificially for years now, and pumped money into the market, and printed money, bad monetary policy and fiscal policy, we don't have the fundamentals of the markets that we once did for traders to trade on. what they have left to trade on is fed intervention. >> it's a scary place to be. >> we don't have the breadth of america into the stock market and they once were, obviously, a lot of people were spooked by

2008 and 2009, and that pulls a lot of people out for good. but it's become so much of a traders game now. and in a way, not half as much as it is in china, but in an i with a, moving towards the chinese, i think 10% of all chinese households have stocks. are we moving in that direction because of our manipulation in the markets? >> well, there's no question about it because the average trader on the street or. >> a small investor, they don't necessarily trust what the fed is going to do or what's going to happen with the market. on the interest rate hike alone at the end of the year, we don't think it's going to happen, but the fed should raise interest rates to get back to normal levels and legitimize the value of the market. if we don't, that may be signaling that our economy is weaker than we thought. that's a tough thing for small investors to digest and make decisions based upon. no question about that.

>> the problem, of course, is that the invests, big guys with the money that moves the markets, they don't want the fed to move and they don't want the fed to move at all. do you think they'll want a rate hike this year. i wrote an article about that this year. and the fact that the federal reserve is irrelevant from that standpoint. the federal reserve is the best is neutral and probably going to be negative with anything they do over the next six months. they raise interest rates, that's negative. if they don't, that could be negative as well. and the bubble that's been created as a result of keeping interest rates low and the printing of money, and the divergence of the stock market and main street has created a situation where stocks are way overvalued relative to what the economy has done. >> even now, do you think there's still the overvaluation even after a 1500 pullback on the dow? >> there's no question about it, david. the fact is that the average pe ratio on the s&p 500 is about

15. we're at about 19. that's about a 20%, a 20% difference. the economy has grown since 2009 at about 2%. because of bad policy of printing money we've had a meteoric rise of the stock market and the volatility we've seen the last several weeks is a result of the stock market, we believe, coming back and meeting the levels of the economy. we were due for a correction and we remain due for a correction. david: we had a 10% pull up and that's nothing. thank you. china arresting nearly 200 journalists for reporting on chinese stock crashing and a recent chemical blast in a factory in shen-- and by their very nature, particularly the reporting of

the stock market, the communists love to create scapegoats whether it's the capitalists from the mao tse tung era? are they looking for somebody to blame? and it's the private sector? >> under the ruling of china we're seeing the return of mouist states. and we see the state broadcaster-- >> do they have the big dunce hats like they did with mou? they don't have the hats, but the question is why does it matter for us? the reason is last month, the central bank blamed morgan stanley for the markets, and this month blaming the federal reserve and beijing cannot maintain good relations with the united states. david: let me put it out there. the fcc blames traders sometimes and blame individuals with information they're not

supposed to have. so, is it a legitimate excuse on the part of china in any way, shape or form, to come out and criticize some people who they say are manipulating the market? >> well, clearly not. because, essentially, just to give you a flavor of what china is doing. a couple of days ago, ping blamed the dalai lama for the fall in the chinese stock market, he said economic terrorism. david: how did he do it by telepathy. >> he said he's responsible for the good and bad in the world. you know this is a problem because it shows that the communist party doesn't have legitimacy right now and clearly, they're trying to find an enemy and that enemy not only his holiness, but us. david: let's bring it back to the stock market and china because a lot of people that hold stocks are insiders. our people in government. they don't want to see the

stock market crash. i'm wondering about the commitment that they came out with today where they say they're not going to use more government funds to manipulate the market one way or the other. do you believe that? >> no, i don't. they didn't intervene very much on the last monday. they weren't at all in tuesday and wednesday, but thursday and friday, they were in a big way up 5.3 and up on friday and there was clear government intervention in the last 90 minutes. david: i have to ask about the state visit of the president coming in september. a big dinner at the white house with all the bells and whistles. what do you think about na? >> clearly inappropriate considering what beijing has been doing. we should talk to the chinese, but we don't need to give them the pomp and circumstance which he this want because of legitimacy. >> gordon chang, author. good to see you. ringing the election in hillary's favor and why some

democrats are calling out their own party members. more on that coming up.

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>> patriots quarterback tom brady and the nfl unable to come to a settlement over deflate gate. and that's outside of the federal courthouse with what happens next. i guess it depends on the judge now, right, adam? >> it does depend on the judge. the judge says they tried to reach a settlement, they did not. and he would reach the decision on tuesday or wednesday. that will be all or nothing. either upholds the suspension,

that would be roeshlg -- roger goodell's suspension of tom brady, there's no middle ground. here is jay feely. >> we tried our best to reach a settlement, which we did not reach, but i think for us it reinforces the desire and the need for an independent arbitrator and in these matters of personal conduct, but we understand tom's position and i think the process will work itself out. >> so both sides have the ability to appeal to the second circuit court of anppeals here, if they don't like the decision, it could interfooere with having tom brady playing on the season opener. either way the decision on tuesday and/or tuesday may not be the end of it.

>>. david: i can guarantee one side won't like the decision. i can't say which side. adam, thank you very much. oil is continuing to soar today, off its highs, but close to it. up 6.3%. our own phil flynn who predicted this is joining us now from the cme. it comes down to supply and demand and the price of oil. >> it sure does, dave. this market an exploding because the traders have been talking about for months, got torpedoed today. and opec, who everybody thought would not cut production no matter what is shining signs of relenting today. they said that they are willing to talk to other non-opec producers to try to work with them to try to stabilize oil prices. this comes after russia and venezuela started working together and stabilizing oil prices and it looks like opec wants in on this and that's a big reason why we're up. the other reason we're up today

dramatically it's a cut in u.s. production. everybody was asking hey, we lost 50% of u.s. rates, but oil production continues to stay strong. well, the energy information administration reported today, it isn't nearly as strong as people thought. they've locked up more than the barrels per day and that's why we're seeing this. david: 6.38% rise in oil right now. you know what it's like, phil, tomorrow, it could be down 6%, right? it could be down. let's hope china doesn't crash tomorrow because that's been one of the down sides. it's been an incredible ride. even as much as we're up, we're not up to the fourth of july names, 57 dollars a barrel. we could go up a long way or we could fall. i think we're going to fill that 57 gap. david: phil flynn from the cme. china may be weighing down the markets. the company's latest signal

that it has not lost confidence in the buying power of the chinese. deirdre bolten joining us next.

>> apple's reportedly going to charge twice as much for its new generation of apple tv. the question, will it be twice as good? deirdre bolten, will die-hard fans be happy about this? i have one of the apple tv thanks. >> so have i. what i heard about the new version, i don't think it's going to be twice as good. deirdre: i don't think it's going to be twice as good. really, a year from now, when apple does release this streaming product, which you already know that les moonves, maybe he was supposed to say what he did and maybe he wasn't supposed to say it. it's out there and basically about getting us trained up with one more piece of hardware in our living room. david: we already have, a lot

of us like you and me already have the apple tv. and this would be new. deirdre: let me tell you what the new and improved features are and decide if it's worth it. this could take on nintendo's wye. if you're a gamer or dancer at home, like the wii. and the guitar hero. and an app store development kit. which the developers can now develop for apple tv directly. not just for the iphone, but for the apple tv. you're right, it's double the price. >> now, am i noticing, particularly the game part of it, that they're appealing to a younger crowd with this? >> they are trying. david: the old apple tv thing used to be for more mature people whereas this one seems to specifically be for the young gamers. deirdre: sure thing.

if you look the a the demographic, millennials outweigh, as you're counting heads, baby boomers. apple and other consumer-based company has to go for millennials. apple not ignoring that group of people. you're right about the price, under $200, but that's double what the first version of apple tv came out when they launched that in 2012 when apparently you and i went out and got one. david: quickly on china. big question whether china is stalling right now. we just had gordon chang saying yes, it is. and others say maybe it's slowing, but they will he a continue to buy apple products? >> this is a huge question for apple's last set of results. will the middle class in china spend the money for iphones? most of the analysts here thought not and they were proven wrong. your point, it's all about the future. as you know, ceo tim cook saying we're not worried about china slowing, however, you have some blog writers out there saying, this is why you should be worried because if

the ceo has to come out and repeatedly say we're not worried, pay attention. if you look the a the stock year to date up around 11% even despite this crazy august. david: some people got in under 100. deirdre: some lucky people. david: it's 113 as you can see right there. up just a tad. we'll see you at 5:00. deirdre will have more risk and reward, 5 p.m. eastern time right here on fox business. and still ahead, hurricane season is ramping up with another storm churning in the atlantic. what we know about the latest track of the system and how prepared are we now ten years after katrina? more on that coming up.

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>> wow, look at the price of oil. $48 a barrel. 5 cents more than 48. that's a gain of about 6 1/4%. interestingly enough, as you look at what's happened to crude over the past week, a dramatic rise in the price of oil. hasn't today really affected the oil stocks. you would think that exxonmobil schlumberger, al burton, the oil related stocks would be way up. not so. the oil stocks up just a little bit and some of them are down a bit. it's surprising that they didn't get the kick. of course, that may come a little later.

president obama is headed to alaska to push new climate change measures. he doesn't like oil or any other kind of carbon energy and he likes-- he likes panels, solar panels and other kind of renewables. liz claman is here with details about how much all of those renewables cost the u.s. taxpayers as a result of this. e-mack is here, elizabeth macdonald to talk more about that liz: remember when the solyndra scandal blew up and they said it's just one incident, right? the solar industry is doing great. get this, the department of energy put out not only did solyndra cost the u.s. taxpayers $530 million, the top to bottom, tremendous political pressure to get solar energy boosted in this via taxpayer subsidies. the quote from the ig report, tremendous pressure from the white house and congress to

rush through these loan guarantees to get solar panels up and running via the department of energy program. david: isn't there indication that solyndra actually lied to the government. >> yes, that's right. david: about what it was doing or could do and the government funded it anyway. >> solyndra had splashy and glitzy headquarters, glass enhe is cloed really nice. what they were doing, inflating their sales and the number of contracts to look like they were really a genuine up and running business when they were not. they were out of 535 million bucks, so all of this is breaking and this i.d. report came out. at the same time the president was in las vegas attacking the koch brothers saying if they were capitalists, they would be about the free market in solar energy. guess what? solar energy is the most subs

died died-- subsidize $in the country. david: subsidized despite the fact that they lied about what they were doing. hillary clinton is doubling down and wants a half a billion government supported panels. >> i'm not sure why hillary clinton or anybody at the department of energy or congress would say that they are better judges of solar panels to put or any solar panel to put on your house because the thing of it is, the way it works right now, solar energy seems cheap at the beginning, but it increases in cost to the consumer after a period of time. it's pretty expensive to have solar panels on your roof. i'm talking five, ten years out. so is solar energy something we should look at. >> yeah. should the free markets decide whether works or not? yeah. half a billion solar panels that hillary clinton wants, right now they could be the

equivalent of typewriters the way that solar energy is evolving and getting better over time. so you put the solar panels in place right now, we could have a smaller solar panel down the road and we're stuck with half a billion of these gigantic solar panel installations. david: it's extraordinary that solyndra was lying about-- >> totally lying. people in the media who pointed this out, taxpayer money is going out the door. the way the department of energy was running it, like the boozy bar tenders not checking i.d.'s. they were throwing money out the door. anybody who criticized, they'd say back off, you're anti-green energy. no, this is about saving the taxpayers dollars. david: you're riled about that liz: yes, we were criticized about that. david: and the dnc ringing the election, and the democratic party is using a limited number of debates to favor hillary clinton.

former obama campaign consultant marjorie, whether they're rigging the system. it seems that the democratic national committee wants to put off as late as possible these debates, right? >> well, they've got a very different landscape about the republican side. the republicans have spent how many debates can we have to fit them in. the democrat has been looking at who else can we bring to the table. i think one. challenges is that hillary has seemed like the inevitable since 2008 when she ran against obama and some say she's been campaigning ever since, so, it really was up to the last minute to see who was even going to throw their hat in the ring and now looking at sanders and o'malley, both of which aren't making a heyday in the polls, again, the conversation still is about clinton's inevitability and who she'll be running against in the republican side. the numbers of debates, again, how much are we going to be able to talk about how much air time for something that really unfortunately, still seems like not-- not unfortunately, but not as

good of a contest, a debate. >> still, you have different opinions on policies that are affecting over 300 million americans. very given opinions. >> bernie sanders is a socialist, hillary clinton is not a socialist, but she is certainly is not a conservative either, so it would be helpful to everybody to sort she is things out publicly, wouldn't it? >> i 100% agree. i think the fact of the matter is the majority of americans, about 70% of americans fall in the middle of politics, and many times identify with independents which means they want the more middle of the ground candidates and when it comes to it, clinton is looking like more middle of the ground that can win the general election. >> in order to debate this, you're going to have a debate, a public debate, because we know how hillary has not been debating the issues that much. >> sure. >> and bernie sanders and the others want her to. isn't the dnc, the democratic national committee, putting a real sort of buffer around hillary clinton because they

want her to be the candidate? >> i don't see the debates and having smaller debates as being a buffer because when it comes down to it, the media and the many that they have coming out campaigning on the trail. what the debates do is actually spur the conversation and force them to take issue in a public way and then continue on in the media and continue on in other places. david: i wouldn't diminish the value of debates at all because what they do. >> sure. david: they give us a much clearer idea of the character of the person. a much clearer idea of how that person would act on policies and with only a field of three people, maybe four if you add biden, you get much more specifics than you would with 17 people running in the republican party. >> but if you do the basic math when you look at the first republican debate, peach candidate had on average one and a half to three minutes of actual air time. david: that's because, there were ten candidates.

you only have three in the democratic party. >> that's my point. so if you've got a debate and a shorter number of debates with only three candidates they're going to have a lot more air time to talk-- >> why don't we do it immediately and why don't we start now so we get a clearer idea what the differences between hillary clinton's policies and bernie sanders and martin o'malley. >> the democrats the later they start the further they have to go into it actually with the republican candidates. i would argue it's not internal democrats as much as party politics. the minute that the democrats come out and leading on specific policies, the longer they're going to have to contend with those with the republican candidates out in the field. so i think it's actually more of a party strategy than candidates strategy. david: when are we going to hear the first debate. when are we going to have the first democratic debate, october, january, what? >> as soon as they call me, i promise you'll be the first to know because i'm not on the short list of people deciding, but i wish i were.

david: the sooner the better, frankly. marjorie clifton, good to see you. >> thank you, no problem. david: the hurricane forming near the states and gulf of mexico are preparing for a hectic season this, of course, ten years after hurricane katrina hit. and a good friend joe bastardi says that hurricane katrina was not the worse case scenario. so, joe, what is the worst. >> hurricane katrina woulds was not. 1954 on this day, 61 years ago. hurricane carol august 31st, 1954 it flooded providence rhode island with 12 feet of water and just an amazing storm. when you consider that the city of new orleans is a lot of it's below sea level and to see 12 feet of water in rhode island, and you can emergency that storm surge that came up in a

narn narngansett bay, they could watch the hurricanes that were hitting. david: joe, back then, people didn't say hey, it's because of climate change, it's because of all of these gases that we're putting out. i'm just wondering, because right now, as you know, the president is up in alaska claiming climate change is causing huge dislocations and also to blame for big storms like hurricane katrina. >> that's nonsense that hurricane katrina was because of global warming. there were several categories hurricanes. katrina was a 5 in the gulf of mexico and weakened to a 3 by the time it reached new orleans.

how do we know, who was flying around in 1516 snoopy and the red baron? don: you're a great forecaster and i've known you for many years, but president obama and the people that say that we are in the midst of the climate change problem suggest that you're in such a small minority that 95% or more of all the meteorologists and scientists say that climate change is real, it's here and it's affecting the weather. >> they say 95, 97% of scientists in what is supposedly a debunked study. i didn't read the study. there's a different between a forecasters that has to make a forecast that actually verifies and people who are speculating on stuff based on what they reanalyze in the past. let me tell you about katrina. on the friday afternoon before katrina i was a guy that got on at 4:00 i believe on neil's show get out of new orleans. and the same one on ivan, we need 10,000 body bags because

of ivan, no, it's not new orleans storm. new orleans has an amazing hurricane history. 1965 hurricane betsy came up the mouth of the mississippi put new orleans under a tremendous amount of water, but it was not the worst case. neither was katrina. the worst case, dave, is the track of the 1947 hurricane from the east-southeast. if that hits a category 3 or 4 i think there's 15 to 20 feet of water back into new orleans again. that's the worst case. so katrina was not the worst case and katrina certainly wasn't global warming. it's part of the natural cyclical rhythm of the atmosphere. david: no bastardi, chief meteorologist, weatherbell.com. appreciate it. >> thanks for having me, dave. david: so is the handout nation getting better? why more are calling for student loan bailouts paid for by, you guessed it, the taxpayers.

>> i'm ashley webster from the floor of the new york stock exchange with your fox business minutes. the major markets all moving about half a percent lower at this hour, as you can see, the s&p is down 6/10 of a percent. as for some of the losers this month, disney down today, just slightly, but down 14 for the month and pfizer moving lower and down 10% for the month of august. and phillips 66 up 2.6% after warren buffett's berkshire hathaway disclosed a stake in

the oil company. taking a look at twitter doing very well today. up 3.4% and more than that as you can see up nearly 5% this after suntrust upgraded the stock to buy from neutral saying its moneyization efforts are paying off. more coast to coast with david asman right after this.

>> check being out the big board. we have taken a turn for the down side. although it looked like it was going to triple digits, maybe it's levelling out a little now. here is what we were worried about. take a look last week what happened. as you remember, monday is of course, intraday went down over a thousand points. biggest drop ever, ended 600 and tuesday down about 200 and then wednesday and thursday, we had the turn around and friday was pretty much flat. so we were concerned, as we saw the futures way down this morning, that we would be going into what happened last week. it didn't happen this week, and we'll continue to track that very, very carefully. meanwhile, call for handouts, is it getting over the top? a new quinnipiac poll those the democrats overly supporting the government use of taxpayer dollars for students and their college tuition. republicans strongly disproving of this. and katrina pierson says it's

going to lead to more turmoil. katrina, ronald reagan used to say government is not the solution, government is the problem. but you look at some of the polls and you wonder if the electorate is beginning to believe more that the government is the solution? even though we've seen examples of that not being the case? >> well, i mean, if everyone else is getting a bailout, people are starting to think, why shouldn't we? they're the ones out there. they went and got their education, working trying to make ends meet and you see people working have better life styles than they do, who are not working. and they're pitting people against each other once again and republicans can never compete with free. what we're going to have to do is be a reformer. we're going to have to be out there talking about the reasons why this is such a big problem whether it's universities charging too much in tuition because of the-- >> that's worked in local

elections. we had the mid term elections in 2010 and midterm elections las year and republicans made great gains. and the conservative message that government is not the solution, government is the problem, made great gains, but when it comes to national and maybe it's just a persona of president obama, but it's the national elections for president in particular that the tea party hasn't gained any traction on. why not? >> well, what we have now, we have things to look at and look back and point to to be quite honest for you. people wanted to believe in that and-- >> wait a minute, katrina, i've got to push back. in 2012 we had a terrible economy. the recovery was terribly anemic. we didn't have a turn around. the argument could be made it was worse in 2012 when the president was overwhelmingly reelected than it is now and yet, he was reelected, why? >> because we have leadership in the republican party that cannot message.

they say one thing and do another. their own base doesn't trust them anymore. now we have an opportunity to have someone go out there and make the case for the little people, whether it's look back. you were told you were going to get your health care premiums cut. now they're told their school loans are being cut when it's putting a bandaid on the problem. even if the government paid off the school loan, the bubble is still there and it's going to create another one over time. david: you're saying at that finally in a national election a presidential election, the tea party and what the tea party stands for it going to have more power than the republican establishment itself? >> if we get the right person elected to take that message to the american public. david: who is that person, katrina? >> well, i guess we're going to find out. we are actually doing a tea party primary.org and we have 50,000 votes and release who our top three folks are in round one soon. david: that's interesting. is it any of the leading candidates? do you know? >> i think you're going to see some similarities.

i think you're going to see similarities and might be one of the three in the end. we'll have to see. david: we're seeing a little bit of that. we'll talk about that, katrina pierson, thank you very much, good to see you. >> thank you. david: here is what we know now. is this the g.o.p.'s one-two-three punch? why a trump, carson, and fiorina surge is talking about the vote against the political establishment. where in the world will the stocks end up? going to let you know today at 4 p.m. eastern on "after the bell" with melissa francis. you want to keep it here on fox business. don't change the channel. you get a cold. you can't breathe through your nose. suddenly, you're a mouthbreather. well, just put on a breathe right strip which instantly opens your nose up to 38% more than cold medicine alone. shut your mouth and say goodnight mouthbreathers.

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they're just triple digits. the dow jones industrials down 100-- went to double digits as we went to it. it looks like that's the level it's been all day and perhaps it will happen all day. you never know what's going to happen the last hour of trading. we'll keep following that. donald trump has company in the top tier, now tied with ben carson in iowa according to a new monmouth university poll and carly fiorina takes the next spot and she may not be in the next debate. and more signs that they want an outsider. >> go back to the room, carson, go back to univision. david: it shows that americans don't like the establishment and the establish pt doesn't like donald trump. >> and iowa is an anti-establishment state particularly in the republican caucuses, i guess, caucuses, primary, whatever it is. and that primary often favors anti-establishment, but what's

interesting is the national polls are starting to suggest that where anybody branded as establishment, live jeb bush, really is on life support now and what i'm worried about, not worried, but who-- which-- scott walker should be worried about falling into the same category. who ever thoughts a guy-- >> even though scott walker has never been inside the beltway. >> not only that, he took on like the unions and he survived three recalls, but he's starting-- you can hear it, among a lot of, you know, you hear and see it in the polling and well, i talk to a lot of establishment people on the street that give money when they try to figure out who they're giving the money to in the end and he started to get branded with that jeb bush taint of being way too establishment, wall street, not being able to-- >> he does share with jeb bush a characteristic that a lot of people criticize, that he doesn't have pizzaz. when you're on stage with donald trump you automatically

look 10% slower than you are. >> that's why a lot of republican people, money guys here in new york, believe in their heart donald is a hillary plant. i know you don't think that, cavuto. david: i didn't say i didn't think-- >> cavuto doesn't think that, but the clintons want to cover all bets. if they convince donald to come in and make trouble. >> we're not talking hillary clinton here because you know why? you know why? 'cause of one guy, donald trump and donald trump though, this is why hillary clinton, if she did set him up and bill clinton set him up they may rue the day because he may be the republican nominee. he may make it, if it's donald against hillary who wins? >> donald will turn on them in a second. i don't know why they trusted him. no. david: wait a minute, who is more trustworthy, the clintons or donald trump? >> donald. david: you can't answer the question. >> no, i said donald by a mile. david: you think that donald is

more trustworthy? than the clintons? don: you said at that donald will turn on you. >> if he sees that the ability to take the white house is real. david: do you think he's tasting it. he sees the crowds of 20, 30,000 people? >> you can tell he's lapping it up every five minutes. you know, listen, i think he's brilliant for a lot of reasons i think he's brilliant because's he a brilliant businessman, a guy that i admire his resilience, he was worth negative back in 1992 and now worth positive in the billions. and he's taken a brand that he's pushed it higher than anybody else and now, without spending a dime, i'm talking-- i'm sure he's fueled his jet, but without spending real money he's number one. david: quick question, 20 seconds, is donald ever going to sign this no third party pledge? >> we'll know whether he's a plant or not. if he signs the pledge then he's not a plant. david: he's not a plant. will he sign it, do you think?

>> i have no idea, but here is the practical reason. donald hates spending money. you know, it takes a lot of money to run a third party. david: ross perot spent $100 million. do you think that donald trump would spend $100 million? >> no, donald hates spending money, tell you there except for hotels on golf courses. david: charlie gasparino. and wild stocks coming to an end, something stranger is happening now. we'll tell you what that is after this.

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david: the dow is down 100 but the real story is oil. look at this. almost an 8%, one-day gain in oil. $48.895 a barrel. this one day gain by the way has erased all of the losses in oil in the month of august. this is having, have tremendous impact on all kinds of things. so far, by the way, not so on oil stocks. but again, gas prices, which finally have been coming down,

may stop that decline at the pump. we don't know whether that will happen. at least for the moment we're seeing a couple of gains, but look at this not great gains on energy stocks bus awe huge day on oil. i will have more "after the bell." but "the intelligence report" begins with trish regan. trish: thank you david. 120 minutes from the close on final trading day of the month. dow nearly accelerating, down 90 points, .6 of a percent. as david says we're seeing big upside in oil. that will close in less than 30 minutes. we'll bring you all the numbers as soon as they happen. stay tuned to the bottom of your screen, the right-hand corner because this market is a wild one. as we've seen session after session, it all begins right now t can go in any direction. we have all-star market coverage, including analysis