facing a huge crisis and we don't have a strategy, and you've got a brilliant tactician named putin working with his allies in the region and doing something about it. stuart: that was jon huntsman about syria. he does not approve of our lack of backbone. neil cavuto, it is your time, take it, please. neil: thank you very much, keeping track of two storms, the one that's at sea, the other brewing up on wall street. you obviously know about the big sell-off in stocks, though that's been pared dramatically you may not know this development, interest rates are collapsing, i mean collapsing, a 10-year note fetching 1.95%. the good news there could be much cheaper borrowing costs down the road, if you're a safer, this couldn't be anywhere but a snooze. tropical storm joaquin, rick reichmuth, what have you got? >> interesting storm where it's tracking, not sure where it's going to go.

the latest images, it's made the jog towards the north. that's what we expect to see and the official track of this keeps it as a very strong category 4 storm but offshore, that is great news. that said, there are still a couple of computer models that bring it onshore towards the eastern part of the u.s., i don't think that's likely, but we're not going to completely rule it out, if you're here, we want to watch it, a very slight chance. most of the guidance brings it offshore, that's good news. we've had a blocking high here doesn't let the storm go off towards the east. that's what some of the models are predicting, it pulls farther towards the west and the u.s. and nudges it that way. that is one scenario, very unlikely, however, there is a big scenario shaping up right here. this is the storm right here, it is going to pull off towards the northeast. as it does, it's pushing a lot of tropical moisture pulled up by a different system across the southeast. and you take a look at this, neil, those rainfall totals

there are in excess of 12" for a lot of the state of south carolina. we could see some rainfall totals, 15-20". when you get that there, we're going to talk about catastrophic flooding across parts of south carolina and north carolina, and one other story we're watching from this is the high pressure to the north is funneling very strong winds from cape cod and the islands towards parts of the mid-atlantic. we're going to see a lot of beach erosion, dangerous seas and still the rain and winds, maybe 40-50 miles an hour, a very rough day. the center of the storm at this point looks like it stays well offshore. neil? neil: fingers crossed, rick, thank you very much. speaking of the storm, getting word from u.s. coast guard searching for container ship caught up in the hurricane, presumably in or around the bahamas region, but they can't find it. the container ships are pretty big, they can't find it. keep you posted.

you don't need to search long and far to see wall street reacting to a devastating jobs picture. we were down much more than this. down about 75 1/3 points. what's happening in the interest rate arena catching a lot of people's attention, this seems to indicate not only a slowdown but something worse. at the very least it puts the notion of a fed hike off or does it? to dagen, connell, charles, nicole at the nyse. nicole to you first. traders at first pounced on, this sold off aggressively on this. dialing back a little, how are they reacting? >> no way, no rate hike this year, they're not going to buy anything today and be long for the weekend. too many geopolitical issues. watching the 10-year bond, 1.9%, lowest since april. and the bond traders have been telling you no rate hike. and the big picture after the jobs report tells the traders

we are in a very economically sensitive environment and based on the global environment. a lot of them are saying trending lower in the fourth quarter and don't see the rate hike until the second quarter of next year at this point. neil: i don't know, dagen, if it's as weak as it suggests, they might put it off significantly. >> go into the treasury at 1.9%, it was down to 1.65 in early february. so we have seen this picture show twice before, this year alone. neil: two weeks ago it was at 2.20. >> there's a flight to safety, absolutely. weakness that maybe the stock market isn't telling us. neil: are they telegraphing? they are not always right. >> the economy is slowing, we believe that, we are feeling the effects of the commodity crisis around the world. are we going into a recession? absolutely not. lower interest rates means a healthy market, that's a strong point in the u.s. economy.

all, you would have to have the technology business in this country fall out of bed to go negative. >> seems most likely we're in the quote, unquote soft patch rather than a huge slowdown. we're not immune. everybody kept saying we were the best of the worst or the other analgs people would throw out. we're affected by everything whether it be china or anything else. this is an easy report to cover because it's all bad. five different sides to the story. neil: i heard you on maria's show what you said, we may have a better idea what was going through janet yellen's mind a couple weeks ago. >> couple weeks ago when they did not raise rates, the narrative was we're worried whether we're importing deflation or going on around the world. maybe she was worried about our economy? maybe she couldn't articulate it, if she did, it would make things worse. neil: what if she were to hike in this environment to keep to the line in the sand.

>> knows she can't hike, the idea is i'm not going to raise the rates but i don't want to scare anyone about the fact i'm nervous about the domestic economy as well. >> the fed can't make anything worse or better. >> make the markets worse. she, janet yellen said. >> i know, you're right, all we got was the lousy jobs report today. >> people around the globe bet on commodities, betting that central banks and the federal reserve would inflate all these assets. guess what? the inflation never showed up and the commodilbubble is bursting. >> to carl icahn's point, if you had an apartment in new york, good art, depending on the holder, but you're right. >> go ahead, nicole. >> neil, a couple of points. even goldman sachs started to lower year end numbers because of commodities and the global picture slowing. janet yellen at this point, so

many traders think she should have done it already, she missed the window to raise rates. that the point, you had more people eligible for jobs this month based on deep values, sergeant guilgoyle does interesting work, we saw a drop in force in the labor participation rate. the workweek drops, nothing good about this report. neil: the labor participation how much of the available labor force is in the workforce, it's 62.4%. about a four decade low. >> there were more people available to his point. >> labor force participation rate, it's the lowest since you were doing this. you want to take a look at this? >> what are you doing? there you go. [ laughter ] >> that is where you were the last time the labor participation rate was this low. >> she keeps this up, she won't be participating. >> you are keeping the game

tight. >> i'm your bogeyman was at the top of the charts. >> i'm curious, if you're janet yellen and you pretty much shown the markets why you might have done what you did a couple of weeks ago, they're in a heck of a box. >> they're in a serious pickle and now if everyone is pushing it out to march of next year, remember, the fed is low to mess with rates on election year. neil: it has been done, they've done it. few and far between. >> when they've done it before they've been accused of swaying the election, and you know -- >> not much they can do. >> still a 30% chance they hike in december. neil: do you really see them doing that? >> come out between now and then though, the outrageous revisions. neil: they're damned if they do, and damned if they don't. >> the home prices are not what they need. >> what they need are the

reductions in the july numbers. neil: that's right, that's right, sharply lower. >> everybody was aiming for august to revise higher. >> 350,000 more people joined millions who joined the job market. guys, americans thought by being an american they could do well, and we're seeing people give up on the american dream. that is much far scarier than what the fed could and could not do. it's a problem, i hope somebody running for election can change it. neil: thank you very much. we are finding out a little more on the coast guard search for a container ship. there were 33 people aboard this vessel that left san juan, puerto rico in the path of this storm, joaquin. they cannot find them, or the ship. it's a pretty big ship. we'll keep you posted. meanwhile, the fallout for the economy and in this whole political process with this damning jobs report, governor mike huckabee joining us now.

governor, you had been among the early doubters of these jobs reports about the quality of the jobs. now we're back to debating the quantity of them. how bad do you think this is? >> well, it's pretty bad, neil not only have wages dropped 1% in the most recent jobs report that means people are making less money which adds to the pain of people who are working harder and not making as much money as they used to earn, but we also had downward figures from july and august. if you look at overall numbers it was 260,000 jobs a month in 2014. looking at 190 jobs plus, somewhere in that neighborhood very 2015 so far. this is a dismal report. if the president wants to talk about how the economy is recovering, he needs to talk to real people getting punched in the gut by this economy. it is not in recovery for many people who work out lifting

heavy things and sweating through their clothes every day. neil: you know, governor, the argument seems to be and you advanced it with all the attention to outsiders or those who are noncareer politicians, i guess by extension carly fiorina or donald trump, even ben carson, that they're not suited to take on this task of being president of the united states. their camp comes back and passionate crowds come back to say, well, we've looked at that typical crowd and we're not happy with them. what do you say? >> i'm not happy with the people in washington either but i've never had a paycheck out of washington. never had a washington address never had a job there. but i have governed, and i understand what it's like to balance a budget. i know what it's like to fight government corruption and weed it out and burn it down, and send people to jail because of it. and i know what it's like to actually shepherd legislation through to get it passed so you

do get the things done that americans are demanding. i saw per capita income go up by 50%. neil: they hear the word governor or former governor and they're taking the good with the bad. look at scott walker and rick perry. they seem to be glomming on, if you look at just the polling results for donald trump or carly fiorina, ben carson, combine them all, that represents two-thirds of early sentiment for all republicans. how do you counter that? >> at some point people start thinking through this, and neil, let's put it this way, if you were going to have surgery in the morning you want a doctor cutting you open who has never been in an operating room, in fact, never finished medical school? you want a pilot flying in the left seat of the cockpit who's never flown an airplane but played video games?

we want the notion that someone who by golly has never, ever experienced the challenge of having to govern through very challenging political environments, i'm just not sure that the white house is an entry level job, where you go and for the first time in your life you look around and say nowual figure out what to do, it's like the classic line in the movie the candidate with robert redford from way back in the 60s when robert redford at the end, gets elected senator, he closes the door, looks at political consultant and says now what do we do? right? neil: are you linking yourself for robert redford? >> people mistake me for him all the time. there's not a thing i can do about it. [ laughter ] >> thank you, governor, always a pleasure. >> thank you, neil. neil: we are continuing to monitor the missing container ship lost in puerto rico lost

in the storm that was whipped up by the latest hurricane. even though the hurricane is not expected to hit the united states, at least that the point, trajectories can and often do change. anything in the water at or around this area is in danger, and apparently this container ship with more than 30 people on board. we'll keep you posted. you are watching "coast-to-coast."

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so he would be, i think one of the last originals to leave. so the president is going to announce that, no doubt, respond and update on yesterday's oregon shootings and developments in syria. syrian development where the syrian minister is lecturing us has agitated things at the united nations all over again. paul bremmer on the mixed messages we have on all of this. good to have you back with us. the russians claim they're going after isis. we know enough about the positions they're targeting that they're not where isis is. so who's telling the truth here? >> well, you can take a pretty safe bet when it's putin that it's not putin telling the truth. step back and look at historic and strategic nature what we're looking at here, for the last 70 years since president roosevelt met with king saod,

the power is in the balance, for the last 40 years russia is absent from the clever establishment in the 70s. what's happening now? across the entire region from the coast of the mediterranean to the banks of the indies river, russia is back in the region, as you just pointed out, and you have effectively russo-iranian axis of evil to use a term that is dominating the region. this is serious stuff. neil: what did you make of the foreign minister of syria saying we have to hold off on democratic changes in our country until we resolve the terrorism conflict, and to add weird insult to injury on that he would welcome back, the country would welcome back all of the refugees who left syria and guaranteed their safety. what did you think of that? >> this is typical u.n. nonsense. let's not pay too much attention to that. the administration has got to do two things. first of all got to get serious

about objectives in syria. stick with the goal of getting rid of assad. it's an important element of it, and should now establish no-fly zones and no-move zones along the borders of syria and tell the russians to stay away and then it needs to get serious about the air campaign both in syria and iraq, it's dessil torrey, it's not a serious campaign. neil: i'm wondering, ambassador where, all of this goes, because the high probability as john mccain was telling me just a couple of days ago of something going awry, a russian pilot shooting down american pilot, an american pilot shooting down a russian pilot. no one is monitoring the planes, it could turn into something pretty bad? >> that's why we're talking about deconfliction, we can't help the russians establish their own no-fly zones, which is what they tried to do. they came in and gave us a

message an hour before they started the bombing raids and said you stay out of this area. we can't accept that. neil: did you get a sense or you know the diplomatic faces and what they mean, when the president met with vladimir putin at the united nations early this week, that he had told president obama he was going to do this or that he just unleashed it on him? >> i take it from what i read in the press they were only informed an hour beforehand by the brigadier general who wandered into the u.n. embassy in baghdad. neil: i think that's called giving someone the diplomatic finger. >> well, it certainly is as secretary carter said yesterday, it was somewhat unprofessional. look, the white house has to begin to get its head around this thing. the white house spokesman said the russians understand the influence in the region is waning.

you know, neil, fairy tales are for children, it's time to take seriously the historic and strategic changes and threats to american interests in this region. it's a very big region, it's a very important region and we are absent. neil: yeah, we are. one thing i was curious to get your reaction about is the notion the administration does what it does, ambassador, because it knows americans are war-weary, certainly middle east weary, and that there's no appetite for getting involved in this region, and that ultimately is the thing that emboldens them, that is the white house. what do you think? >> look, i understand. that i hear that americans are -- who are weary and so forth and have been engaged for more than a decade in the region. if you than american interests are not threatened by these developments, then you can afford to take the position that we'll just follow the american people where they want to go. if on the other hand, you think american interests are threatened, as i do, then a

leader leads and leads from the front, you don't lead from behind. neil: well put, ambassador, good having you again, even under these circumstances. >> good to see you, neil. neil: be well. we want to update you on joaquin and a development concerning a lot of folks, though the storm is not expected to hit the continental united states, we are getting word about the missing container ship with 33 people on board and they can't find it. it was on its way from puerto rico to jacksonville and got caught up in the storm, and it's a massive storm. category 4 massive. we'll keep you posted.

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. neil: all right, we're still keeping tabs on the container ship, apparently taking on water late last night, but they cannot find it, in and around the region of puerto rico. of course, joaquin is still a category 4, in and out of a category 4 storm.

it's not expected to hit the united states, but they're still looking for this because other ships have been caught up in the same thing. late last night the u.s. coast guard had to rescue 12 from a sinking cargo ship, so it's still a pretty dangerous storm to put it mildly, if you are near it, it is especially so. gerri willis on a lot of these developments and why a lot of cruise operators and travel personnel are sort of rejiggering plans, i guess. >> the caribbean is the largest cruise destination number one. a lot of the ships have been diverted, but if you're diverted successfully you are in very heavy seas and becomes very difficult for passengers on board and obtain container ship a much more serious situation here. what's going on with air travelers over the next few days, anybody's guess, we have the major airlines saying if you have a flight to the caribbean particularly to the bahamas, we'll allow you to change the date of that flight and u.s. airways saying if you have a flight to florida, we'll

let you change it with no fees. that's good news. most of my sources say that's going to be extended up and down the eastern seaboard. forgiveness and waiving of fees if you want to make changes to your flights. they suspect monday and tuesday, the schedules will be all akim bow, if you have business travel, mondays, tuesday, you might want to change it at this point. neil: what about the cruise operators themselves, they try to rejigger the ships to go around this, but it's stormy seas. if you're a passenger waiting to hook up with a ship and don't want to go on it, is there any recourse for you? >> interesting i just talked to a travel expert last night about the issue, apparently, the cruiselines are bombarded by phone calls people traveling next week and want to change their dates. this is where insurance comes in handy. there are insurance policies can you buy on trips like this which would allow you to move this.

i think the industry has to respond, the last thing they want to do is put people in harm's way. neil: you would think the last thing they want to do is mess around, just cancel and recule. >> reschedule, rebook, i'm sure that's going to happen for a lot of people when. this happens, what's so interesting is the planes are all out of alignment, in the wrong places, ships are in the wrong places, takes awhile for everything to come back to normal. have to watch for that. neil: safety first as you always remind me. gerri willis, thank you very much. we are looking at the stock market dramatically pared its losses and there are a lot of reasons in advance of that, not the least of which maybe it holds off on rate hikes and it envisions a goldilocks kind of recovery, one that is not disrupted by untimely hikes and we're slowing down and not going into a recession. that is one quick take on this or one quick snapshot on this.

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territory from a dow down 58 points, connell, what's going on. >> this hope for goldilocks-type economic recovery where the federal reserve will not be raising rates until who knows when and the bets are pushed out further and further by the futures tradeers who tend to bet on it. after a miserable jobs report this morning, the knee-jerk reaction is sell first and ask questions later, maybe we're into the question-asking phrase, which is to say, we know that the jobs report is bad, but how bad is the economy? and if the federal reserve holds off on the interest rates does, that put us in a position where stocks can tread water? but i always listen to you neil, don't make too much of one day, if we were down 200 or 300 points and we were down 250 earlier. maybe it's not a big deal. neil: i'm going to call this a comeback. >> all right, very good. thank you. neil: thank you.

scary, though, look who's here! charlie gasparino. >> who says the fed is controlling this market. it's insane. neil: that's not exactly a fox alert. >> doesn't it drive you nuts that the traditional measures, corporate earnings, it's not bad, it's a little old lady. neil: what is this? because there is that sentiment, well, maybe they can. >> it is -- i caught a little flack on social media saying that. neil: i can't imagine why. >> but it really is. it means almost that the fundamentals of stocks right now mean almost nothing, what's in the head of some -- neil: what do traders want? if you have to gauge their sentiment, they rather not have a rate hike, right? >> most investors want certainty out of the fed. the fed to do what they need to do right now -- >> now we know why a couple of weeks ago they -- >> raise and move on, we have a

story. the fed should have raised in 2012 when we didn't have the economic -- >> they can't do that now, right? >> damned if you do, damned if you don't. neil: i understand, i asked you, you're not answering. >> i don't know, that's my view. neil: switch to something equally crazy, wall streeters who seriously support bernie sanders as mr. anti-wall street. please explain. >> what is fascinating, we saw bernie sanders's campaign contributions numbers which are pretty stunning. for the heck of it, i did a little research who's giving, and the usual suspects, university of california berkeley. but i noticed a couple other things on top contributors, the corporate types or the bundled types. google is way up there. so executives at google gave a lot of money. and i noticed a $3700 in contributions from none other than merrill lynch. did a little more research.

found out two brokers in washington state who think bernie sanders would be a great president. neil: let me guess their names are hammer and sickle. are you kidding me? this is mr. 90%. >> we contacted both brokers, i'm going to do a story on foxbusiness.com in a few hours and you'll get the whole thing. one of the brokers laughed and hung up on my producer courtney crawford, and the other basically said, thing the republicans are wrong on the economy, and too weighted into social issues, and said i can't believe i'm talking to you, i'm going to get in trouble and hung up. merrill lynch has no comment. neil: that is hardly the general view. he would be a nightmare. >> terrible! why any financial adviser would say he's giving money to bernie sanders because what he would do to the stock market. he would destroy merrill lynch and probably force bank of america to spin off merrill lynch, that would be not good

for his 401(k) because bernie sanders thinks we should go back to preglass siegel times. hillary clinton has a lot of contributions from wall street. biggest contributor is morgan stanley, not goldman sachs, the reason for that is simple, a friend of ours, tomnides, vice chairman of goldman sachs was hillary clinton's secretary of state. neil: she is, despite left leaning statements of late, far more powerful. >> when you look at the top corporate donors for hillary, this is through june and get the update in october. goldman sachs is not there. goldman sachs and her were tight, they paid her for speeches. lloyd blankfein, the ceo is very tight with hillary. maybe they're sick of us talking about it, but they're not there. jpmorgan is as well.

and merrill lynch, the thundering herd behind bernie sanders. neil: wow. that is a weird thing. hey, we're talking to charlie gasparino, why are we talking to charlie gasparino? >> no, talking to courtney campbell. neil: she's the producer, she does all your work. she is pretty on camera. all right, keep you updated not only on the market turnaround and why it's going on and how long it lasts and keep you updated on walkjoaquin, not a threat to us but a container ship that's missing. we'll keep you posted. (vo) rush hour around here starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours.

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. neil: you know, we keep talking about joaquin and that it's not really a threat to the coast of the united states, or doesn't appear to be yet. that does not mean that the heavy rains associated with joaquin, the east coast could see damage, they're looking at record rains from the new

jersey coast up and down the eastern seaboard, new jersey, north carolina, south carolina delaware have all declared states of emergency. there are impacts on, that to phil flynn, phil. >> good morning, neil. when you get a storm like, this a lot of people think it can drive up energy prices, concerns about refineries shut down. storms do more damage to the demand side of the equation. with all that rain up and down the west coast, think of the tee times that get canceled. people are going to be staying home. what that means they're not moving when. they're not moving, they're not going to use a lot of gasoline. if you look at the rbob gasoline futures, they are hammered because of the jobs report, but we're going to wipe out an entire weekend of gasoline demand. that means it's going hurt retail gas, if people aren't leaving homes, they're not spending a lot of money. what's interesting to note right now, you mentioned that

cargo ship that was lost. believe it or not, the same impact from the storm causes a slowdown in u.s. imports and exports. what happens is the ships are out in the ocean, they have to wait for the oil supply to come in. the reason we're not seeing more of a bullish impact on the storm, we're producing a lot more oil at home than we used to. we're not seeing the normal upward vision. but you would expect you would see crude oil inventory start to draw down in a substantial way because the ships can't get in the door. the other thing to watch is power outages it can hurt the refineries, back to you. neil: now to fox news in virginia beach, virginia among the states that declared these emergencies. gary? >> reporter: yeah, neil, the wind is really picking up here in virginia beach. this is as that storm is working its way north, separate from joaquin.

now the winds are about 30, 35 miles an hour, but it's the rain that is the biggest concern here across virginia as well as the carolinas. over the last five days, they have already received more than two feet of rain here. with joaquin coming, they're expecting to receive up to an additional foot of rain. you can see this storm surge just rushing forward over the last five minutes. i'm going to get caught a little bit in it, it looks like. over the next hour is when we're going to see the biggest threat of storm surge in virginia beach, particularly. and it is going to be six feet above normal here. now officials, they say, they are preparing for the worst, but hoping for the best. but they admit even the best-case scenarios involve moderate to serious flooding all across the state of virginia, but officials are preparing beach. the city manager in a statement says that crews are cleaning storm drains and securing

tables garbage cans and beach furniture so they are flying objects that can hurt people or damage property. all state agencies are on alert and on standby going into this weekend. donald trump canceled an event in virginia beach this afternoon, and you know it's bad when the zombie fest is rescheduled as well. back to you. neil: well, that sifrnes it. garrett try to stay dry. we offered him a green screen. not garrett. wow! you heard the story about jack dorsey, the founder of twitter, everyone saying he's taking the ceo job temporarily look for replacement, and comes out and said it's me, i'll stay on, everyone relax, i'm going to be the ceo. i'll try to save the company wall street's reaction? the stock tumbles. what?

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. neil: all right, now imagine being the founder of twitter, you make this big announcement i'm coming back, i'm coming back, don't worry, everyone calm down, and the market sells off, stabilizing a little for twitter, you got to wonder? who's here to put it altogether. none other than carly shimkus, remember her? >> i'm back! >> married and back, how did the marriage go? >> it was amazing. we went to your homeland for our honeymoon. neil: italy? not little italy. >> the actual italy. neil: can i ask you this, buffer get to twitter. you left us because your husband-to-be at the time wanted you back in chicago.

neil: yeah, of course. understandably so, i understand that. so you did. you up and left. >> yeah. neil: now you're back, you're married. he's still in chicago, you're going to be working out of here. what the hell? >> what are you doing. what are you doing? [ laughter ] >> why are you trying to stir the pot. neil: who here finds bad odds. >> me! >> connell mcshane wants to weigh in your old compatriot. >> mcshane was at the wedding. >> i'm glad you cleared that out. i thought you had her in new jersey for a moment. she's working radio, too. >> i want the floor. i'm working for fox news headlines, it's going to be a fantastic operation that's starting on monday, listeners will hear the latest news, entertainment, what's trending reports. neil: i understand, big thing, you're a corporate tool, i understand. >> what. neil: wait, i'm asking to you

explain, and i'm very excited about the radio thing, very excited, and for you. did you know you were going to do this when you up and left me in this show with a week or two to go? >> i had no idea. neil: really? >> i don't believe that. neil: me neither. connell, do you have a truth-o-meter on this? >> i'm not swearing on any bibles, but -- >> the bottom line is we're happy to have her back. neil: yeah, sure, great. did don imus go to the wedding? . >> he did not, but sent a lovely gift. neil: what was it? >> should i unwrap and tell, i don't know if i can do that. neil: tell me during the break. >> it was lovely, very generous, very. neil: he's a multimillionaire! what was he going to give you like a hickory cheese set? >> it was very generous, thank you. okay, anyway -- >> now news you want to share on twitter. >> yes. neil: what happened? the guy leaves, comes back, temporarily takes over ceo, makes it permanent and the

markets yawn. >> that's exactly why. it's expected that jack dorsey is going to become the permanent ceo of twitter. neil: it's not official. >> it's not official. that's make investors nervous because he's also the ceo of square and doing double duty. but also twitter has an identity crisis. if you look at who tweets it's media people, politicians, celebrities, but the majority of the the population isn't as interested in twitter as they are in instagram, facebook, snapchat, i'm sure you're on snapchat. neil: sure, sure. >> it's because it's confusing. when i first got a twitter account, somebody had to sit me down and teach me how to use it. hilariously. neil: was imus a good teacher. >> he doesn't tweet. hilariously there is a twitter handbook totally dedicated to teaching politicians how it use twitter. i don't blame them for not

knowing because it is confusing. neil: aren't they going to change the character count? >> which is also interesting, that 140-character count is the only identity that twitter has that separates it from other forms of social media. so you know, it's pretty debatable if they do this. neil: how much are they going to raise it to? if it's 140, 200? >> that has not been released yet. apparently they're going to be using some form of software that people can use with twitter to increase the character count but that's all still in the works. neil: all right, so is the beauty of twitter for the politicians and stars to use tweet out commentary very quickly, how quick it is? >> because of that and media is so attached to twitter, we report on what politicians are saying. so it's a huge platform for media, politicians and media. but the average person doesn't really use it, so it gets a lot of attention, it's like the golden child of media, but in

terms of growth and success, it's not really there yet. neil: you're doing radio. >> yes. neil: and i know a lot of guys who do radio. it strikes me as odd, a medium that attracts people, we're not, let's say lookers -- [ laughter ]. neil: that is where you gravitated. >> listen, it's theater of mind. what are you saying about my voice? neil: i don't know. >> careful, neil. neil: we just wondered why. >> we? neil: come on. but you're happy with this, you're back, you're telecommuting marriage. >> 115 on sirius xm video. >> speak slowly. >> bill hemmer is the first voice you hear. neil: there's a handsome man, too.

we're doing the counterradio thing, we're putting good looking people. >> supermodel men. neil: connell and i have the same rap on tv. good to have you here. >> thank you so much. neil: i've buried your career, it's all over. we did get a tweet from don imus, where's my coffee! we'll have more after this.

>>

cme group: how the world advances.

him him eminem speak. >> we are still keeping track of joaquin. welcome back. the business of finding a detainer ship. it is a big one. it is missing. it has 30 people on board. what we know for sure is this big ship is lost at sea in the middle of a category four hurricane. a cargo ship late last night

rescue officials rescue people off of it. you do not want to mess with it. five states have already declared state of emergencies. what exactly defines state of emergency? i guess it comes in waves. >> hi, neil. normally, if it exceeds the capacity of the community or state to handle it. state of emergency prior to landfall. allowing to do certain things. getting ready for whatever they come their way. new jersey governor declaring the state of emergency. i thought that that was weird. sandy and katrina. maybe it is not.

maybe this is the new norm. >> new evacuations. getting growth ready. getting shelters ready. chris christie actually did the right thing. declare state of emergency a head of time. we better pay attention to this. this could really have an impact on our lives. stuart: you are obviously preparing for that. that happens, i guess, at the final stage. what happens now? it clears the way? what? >> it does clear the way for funds. start making preparations. making sure that they have the supplies that they are going to need.

making sure that the shelters are ready and they will be staffed. doing stuff three, four, five days ahead of time is very prudent. >> a lot of these are vulnerability to begin with. the jersey shore, much along the east coast is still ill prepared for even heavy rains. >> that is accurate. building them in the same style. we have to make some changes. we need better statewide building codes. neil: thank you, sir. the fallout from all of this. jonathan donated. i want to get to joaquin also. phil flynn was telling us that there is a near-term effect of

people not being able to go out. they leave their cars at home. they do not use gas. that tends to be made up for in the days where it flares up. >> only a temporary effect. i think the difference this time is it calms at a very weak time for commodity prices against the board paired it is precious metals. a soft commodity. we are in a bear market for commodities. it will probably make a bigger move on the downside. neil: help me make sense of a dow that has turned to the plus side. down about 260 points. they report that screams recession. >> volatility again. you have seen these 100 points

wings again and again in the market. widely anticipated reports. you say that the numbers coming quite soft. the market sold off sharp. i think many investors are throwing up their hands. we have been operating it for a better part of a decade did i think a lot of investors are saying that the fed is political. it is arbitrary. >> do you think now in retrospect that we kind of know why janet yellen and those other members did what they did? they had a sense? >> i honestly do not think that they know what they are doing. central planners are always wrong. they are behind all of the notable robust cycles over the last two decades. that is what is difficult.

what the fed officials feel like. neil, i guess i am simply trying to focus on the stocks and securities themselves. the spread which is basically the value between high-yield drug investments and safe treasury investment is rising tremendously. getting very worried about risks. >> we are almost there with a correction neil. only corrected three times in the last seven years. we are overdue for a correction. it is a great time to hold cash. no one knows what janet yellen's next move is. neil: jonathan, thank you very much. we need big tax relief so we do

not have to defend on the fed. >> i believe that every american should pay something on the federal level. >> i also liked like the idea of sending in a return and say something. >> rudy giuliani. it is always good to see you. he is adding 70 million households to those that don't pay taxes. it is better in the long run. what do you think? >> i believe everyone should pay something. a symbolic amount. i also believe that everyone on welfare should work. the government should supply the work.

if you collected welfare, you have to work for the city 18 hours a week. i did that. continue the work ethic. we eventually took 6000 people off of welfare. people with jobs. private jobs. i rewarded my welfare workers with bonuses if they found jobs. even if they have to pay something, even a small amount of money, i think that it is a good idea. neil: that is not to say that they are not paying other taxes. they do not have any federal income tax payments. they are not as interested in the game.

how do you develop the work ethic. developing the idea that you have to contribute to society. these are important days for a democracy to work. i think that the idea that everyone contributes, even if it is modest, even if it is 18 hours a week of work, i would like to see a national workfare program. checking it out like i used to. i see work that could be done. >> i see more crime. more crime incidents. times square. what i see is something that is

looking a whole lot like before. i tell him to run for mayor. this is a growing way that people have asked you to run. >> i am not thinking about running for mayor. running two businesses. i am very busy. >> going at the rate they are going. very popular democrats. >> running a city is not right or left. no republican or democratic way to pick up the garbage. just pick it up correctly or incorrectly. mayors jobs you have let down

new yorkers. >> i certainly see the police. that is one of the areas in which ica. >> idea of not having their back. they feel that the mayor does not have their back. alternately what i did with bill bratton's help and then eventually ^-caret and kelly continued it. it made the police department proactive. i wanted the police to get there while it was happening and stop it. not wait for the crime to be over and go write a report.

it is safer the second way. he did not do not get in the middle of a shootout. you do not, god forbid, make a mistake. is the mayor going to turn on you? this administration has stopped that. claiming that it is racist. >> i started with bill bratton. [laughter] we did fewer. >> you got the same thing. >> what would prove to the justice department that it was not?

>> they are based on crime statistics. running pretty much like the class statistics. committed by certain groups. i think that that helps a awful lot. at some point, it got up to five for 600,000. >> you think if we stop the whole stop and frisk thing -- >> gun control. chicago and new york had the same gun control laws. chicago has two and a half times of new york per capita. different is we seize the guns more effectively than they do.

if we give up stop and frisk eventually, we will be like chicago. stuart: what did you make of the president's reaction? >> wrong. the president knows nothing. i would imagine he would be wrong. gun control does not reduce crime. the people that comply with gun control are all legal people. the mafia guys did not get licenses. >> you are saying that they do not have this. his own city is one of the dangerous cities in america. the city that he came from. >> i can see it. san diego or san jose.

they have to be relatively safe cities. >> a crazy person. >> thousands and thousands of organized crime members. none of them comply with gun control. that store over there, that will not go down to the police department and sign up for a license. there are 300 million guns or so in america. just like you cannot get rid of the 12 million people, people that think you can get rid of them, women in never never land. you will get rid of 3 million guns. when you do gun control him and i'm not necessarily opposed to it, as a matter of safety to people, so they know how to choose a gun they put it in the right place, i do not think that it will really reduce crimes

very much. they act out of control. neil: we have a presidential election next year. a mayoral election after that. when you do announce -- [laughter] i think you have to do it here. neil: there we go. >> i will announce my new business. >> okay.

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one positive is, hey this lessens the likelihood that the fed increases rates. almost the best of both worlds. they're still down on average. take your pick. making a fortune. i bet he knows, as well as political developments. the financial first. what do you think the markets see in a much, much weaker investment? what value do they see in an economy that could be taking. >> one of the things we always said is never invest in the stock market. we have tried to find companies

that try despite what the economy did. if the economy improves. that is not what we wanted to hear. despite the economy. the success came by isolating those companies. dynamic power all on their own. we've pretty much try to let the market be relevant. what the fed is going to do. employment rates. we just ignored a lot of that stuff. a friend of mine is a big mortgage broker. he saw the mortgages he was processing that the housing debacle was not too far away. very quick to spot that. talking to companies and competitive suppliers. >> i guess i should have pretty interviewed you when they

dismissed the markets altogether. that is okay. you mentioned a very good point. an individual stock. how do you advise investors that get caught up in this? even if they have a good stock representing a good company, it gets caught up in that downdraft. >> yes, well, you just hang in there. true to prevail. we have to promote truth. rudy giuliani just pointed out that president obama gets on the tv and says where we are the safest is where we have the strongest gun control. that goes throughout all america. nobody challenges it. rudy giuliani says illinois has one of the worst murder rates. how can he say that strong gun control laws -- neil: good point. one of the greatest acts of carnage we have ever seen in

humans history was in norway were 60 kids were killed by a deranged gunman. you are right. you are obviously very big in republican circles. you have backed rick santorum. i am told that the donor crowd is anxious. wanting to see how this trump thing sorts out. >> that probably is true. anyone that has ever been to a trump hotel knows why he is doing so well. being conscious of self conservation. hang up your dang house. neil: are donuts hanging tight?

>> i think so. we have so many excellent excellent candidates. you go right down the list. carson. k-6. all of these guys. all of them. carson, i am just so taken by the ability of the republicans to field what, at one time was 17 awesome candidates. >> i think that i know joerg biases here. thank you. i want people to be reminded of that. walter friese, thank you, very very much. ticking time bomb called our debt limit. we also have another date deadline where these two just crashed. about one month, i will explain next. ♪

. .

neil: i don't want to alarm you but treasury secretary lew, says we're very close, that is, very close to being searching for change under these couch cushions. by november 5th, says we're down to our last $30 billion. might seem like a lot, but we're facing bills around the same time of $60 billion. all part and parcel of the same story. we are running up against a debt deadline and a credit limit deadline, whatever you want to say where we keep pushing this back but the problem doesn't go away. we're running out of money fast and running out of solutions even more quickly. yaron brook has been warning about this for some time. he worries way around it we push it off. don't address it. >> running your family, every month paying expenses with credit card and more. hit credit limit on one credit card you take out another credit card. neil: that is kind of what we're

doing. >> that is exactly what we're doing. people are city buying some of our debt. some of it is the fed monetizing debt. there is day of reckoning. neil: we have been doing it forever. >> that is the complacency. we think it can continue forever but we know it can't. the math doesn't add up as baby boomers and medicare, medicaid social security become bigger part of the budget. we will not have to be able to do this. we have to figure out a way to shrink spending. you can't tax your way out of this. only way, get growth in the economy, and b, get significant reductions in spending. that means reforming entitlements. which nobody wants to talk about. neil: they tinker around the edges with discretionary spending which is a small part. even now they're blowing sequestration caps, both sides. >> yeah. neil: even that little backbone is fading.

so they are not really serious about it. we talk a good game but is there any candidates out there saying things you like to hear, who are seriously crunching numbers? >> they have been. rand paul has done it. ted cruz has done it. that makes them unelectable. they are willing to tell the truth. we can't continue like this. rand paul a few years ago suggest ad budget that cut $500 billion the following year. if we practiced that we would be shrinking debt right now instead of increasing. neil: argument it hurts economy. >> i don't think so. i think that is myth. neil: take more money out of the government hands. >> less money government spends more capital left. neil: who offers the biggest tax cut, can you have too much after good thing? >> i'm all for tax cuts whenever we can, fundamental problem which nobody wants to talk about is spending, not taxes. the fundamental problem is spending. when you shrink government the

economy will grow. you will get economic growth as consequence. there might be a lag. might be a hit in the first quarter or so but you will get economic growth. then you can cut taxes when you see economy growing. neil: we know it creates revenue. both in the past republicans and democrats will happily spend revenues to drive us deeper into debt. >> yes. neil: having said that there is a drag time. if you dramatically cut taxes how do you make up for it in the interim? donald trump's plan to repatriate 2 trillion plus for a one-time 10% tax. >> donald trump attacking people who are creating jobs and creating economic growth. he will increase taxes on those not investing money but consuming money. what drives long-term economic growth is investment. neil: he is cutting everybody's tax. >> at end of the date he is cutting everybody's taxes. only way to bridge the gap, more debt and borrowing. you have a problem, i'm

repeating myself, until you cut spending you don't get anywhere. i would like to see somebody proposes plan cuts spending dramatically and cut taxes. dramatic economic growth. starting to spend less and can really start shrinking the borrowing. this is ridiculous, every few months we have to vote -- neil: you're right. >> it is charade. the real problem is again once we get into these entitlements. neil: you're right on all of the above. yaron brook, thank you very much. a pleasure. >> always. neil: you wonder why our boomers were so bitter. you should see them today. ps, they haven't had lunch. ♪

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neil: you know, i had general honore here. the guy with katrina go to guy after the politicians were sniping at each other like keystone cops. we have the hurricane and no one taking responsibility. he did. he does. some reminders from our chat. take a look. at least after you came on board, had a central figure to go through. at this point we don't have that. should we? or are we getting way ahead of ourselves. >> on the international front we have a flashpoint in syria distracting members of the government and u.n. is in session.

so we've got multiple lens to look through and all directions there are problems. that why we need strong leadership to solve all these problems. neil: exactly what "bitter boomers" are saying. charlie gasparino, charlie brady and gerri willis to add a sense of normalcy. steve, do you buy what he is saying do we need someone in charge? >> we haven't had anyone in charge since the end of the cold war. we won the cold war -- >> that was a long time ago. >> 1990. >> after bush one. >> since reagan. since reagan. >> but who bush one? >> bush one was okay. he served one term. two great leaders in my opinion in the west, since probably eisenhower. we had margaret thatcher. you have to take your hats off to margaret thatcher, a woman rising up the ranks in tory party. we search chemist at oxford and taking england by storm and ronald reagan in this country.

>> aren't you a little impressed by women bill clinton had in his white house? >> i'm impressed by clinton's stamina, i'll tell you but i'm not impressed by all woman in the white house. neil: charlie, we don't have someone taking charge. we have a lot of fingerpointing but no one is taking charge. >> if you look at situation with obama versus putin. putin is very proactive. obama is being reactive. every real leader is proactive. when you're always reacting always playing catch-up. neil: that doesn't make what putin is doing right. >> i was scared to say that but you're right. the reason i'm scared to say it, i don't want anyone to think i like putin. i can't stand him. he is communist. worst kind of dictator. but you're right is very proactive. >> high energy. >> high energy. "washington post" had article exactly on your point. obama's speech was totally different than anybody else's at u.n. he didn't talk about development. neil: what do you mean nobody to blink?

>> they're not leading. give example of president. >> who voted for him? all the millenials. >> they're not voting. going like sheep to the ballot box, yeah. neil: does that mean some younger candidates are getting some attention? maybe marco rubio, donald trump, you dust settles might galvanize? >> he looks like a kid but so articulate. he is so smart. neil: 43, 44. what is that. >> has a great american story. >> i betcha he never catches on in the end. i know this from his supporters, they're hoping as- neil: "bitter boomers" like yourself have been rallying around. >> obviously trump. neil: because you're angry. >> i, listen i have known donald for a long time professionally and, you know, some of the things he says does, resonates i have to admit. listen, there is a logic you can't have open borders and a welfare state. that, we have to give him credit for that. the political correctness crowd is so disgusting.

>> it is disgusting. really ruined this country. >> most politically correct generation there is. trying to force that down -- neil: you buy that? >> talking about borders and trump. trump was lambasted for putting a wall in mexico. the pope was revered and praise. his kingdom has 60-foot wall surrounding it completely. neil: to be fair much smaller. >> true that. neil: and you can walk through it. >> you know what scares me about the pope since you brought him up? neil: here you go. >> millenials love the pope. your kids like the pope, right? what is going on? >> no, not everybody. >> i think he is wrong on climate change. and i think he confuses something with something but i think he brings needed spirituality into this world. really does. >> exactly right. the boomers are all so busy guarding 401(k)s to make sure hang on the job for next three years. >> what is wrong with that. >> so they can't leave.

neil: you're saying, wait a minute. we need an angry boomer in the white house? there you go. angry boomers, ready to lead the nation. >> if you told me a month ago i would -- neil: is this scary or what? america, pack up. get out. >> hand it to my millennial son who came home, said to me -- neil: dad, need 200 bucks. >> i like trump. i said you're crazy. i find myself agreeing with him. i thought, i'm stunned. neil: what happened to you? you and i have known each other decades, you were to the left of karl marx. >> i was. you saw what happened. neil: that's fine. what happened? >> what happened was america went downhill. we need leadership. neil: really millenials. before they were even born. >> this is before they were born. but it basically are people leading -- >> when you start listening to the millenials, unfortunately i have to work with them every now

and then. but when you start listening to them you -- neil: all the young guys -- click, click. >> you get impression they are brainwashed with lot of nonsense. >> who brainwashed them, my sense? a bunch of boomers. boomers told them to be politically correct. >> when they tried to brainwash me, all the disgusting, 1970s and '60s liberals taught in schools. i rebelled. >> neil, one thing i will say, can i just defend myself in one way? i've always been pro-choice, anti-capital punishment. against capital punishment. that is not exactly a right-wing way of thinking but that is the way i think. and basically -- neil: charlie brady, final word. >> final word? i think we need active leaders. not reactive leaders. ones willing to make tough decision, unpopular decisions. not worrying about their facebook likes.

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opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >> all right. time for the fox business brief. i'm connell mcshane. boomers leaving a mark in the studio. speaking leaving a mark, september, the jobs report was just terrible.

we know that by now. 142,000 added. economists looking for 200,000 plus. that is a bad report. labor force participation rate. looking at percentage of people working or looking to. that is generational low. that's horrible. nothing good in this report. so then with that the stock market is naturally higher. one of those what is bad is good days up 45 on the dow after being down 250 points earlier in the day. briefly turned higher for the week. we're about break even. one theory, fed less likely to raise interest rates. market likes the news. one group to watch? oil drillers. energy drillers cut 26 oil rigs fifth straight week. declines are keeping drillers from returning to work. those stocks are up. neil is back in a moment.

>> if you were going to have surgery in the morning you want a doctor cutting you hope has never been in operating room, in fact never finished medical school? do you want a pilot flying on left seat of the cockpit who never flown an airplane but played videogames. i'm not sure the white house is entry level job. neil: all right, tea partyer was hearing that. she is fan of these "outside the box" candidates. i don't think you agree, did you, katrina. >> no, neil. don't you love it when career politicians who is best to lead

them? the real observation mike huckabee is not perceiving that the republican party rejected him in 2008 and they're rejecting him today. that is really where the sour grapes are coming from. neil: it's a little early. he did okay in those years. he just didn't have money to do well after iowa. you raise good points. he is a governor himself, a former above. he is hardly outside the petri dish. what do you make of the idea, be careful who you elect, especially someone without that experience because, you know you can be an outside the box kind of candidate, but if you don't know how to work within the system to shake it up, you will have problems, what do you think of that? >> well i think the problem is working within the system. everyone agrees across the board the system is corrupt, it is defunct. it is actually not working. all we have to do is take a look around. here is the thing, people have been conditioned over time neil, that the ivy league lawyer knows what's best. we've been conditioned governors

knows what's best, really governors copied what happens in d.c. and put blueprint down in their states. i will take a chance, now is the time. neil: katrina, trump or carly fiorina or ben carson, their lack of experience is actually their biggest draw? >> well, absolutely, within the system. really if you have a passion for this country and you have a sense of the history and constitution, now is the time to take that risk. i would support donald trump or even ted cruz for that matter. neil: katrina, thank you for very busy news day. thank you for that. we have confusion what the markets are reading now on the latest jobs report that they weren't reading this morning. stocks are up when they had been down. what is this deal with likely fed like? is it off the table? if it is off the table is that good news, is that bad news? depending on moment you will get both answer. is. there was no stress. it was in and out. if i buy a car through usaa, i know

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neil: we're just getting news crossing the wires on fed chief stanley fischer. he is the vice-chair of the fed in fact. market watch reporting on a speech he just wrapped up in boston which he talks about the housing market not being overheated here. he goes on to say that if a bubble was building, then they would be addressing it but does not appear to be the case. he goes on to say that it would be useful if the u.s. central bank was given new tools to target housing finance, if a bubble was building but stressed again that does not appear to be case. this comes on heels of course this awful employment report today that showed all of 142,000 jobs added to the economy in the latest month. a lot weaker than a lot of folks thought, setting stage for fed to stand pat, hold back, not

raise rates, maybe for foreseeable future. to ben stein, adam lashinsky, on how all this is panning out. ben, what do you think? >> i think it would be a good idea for them to start raising rates gradually. we can't continue at zero interest rate environment forever. we had excessive monetary growth more or less forever. one month doesn't make a difference one way orer other. stanley fischer is a genius. i've known the man, maybe 40 years. that man is a genius. if he says the market is not overheated it is not overheated. i'm very optimistic about this economy. the one thing i think adam and i would agree on mr. obama has done a pretty darn good job on this economy, i think it is, i trust him to make the right decision. neil: talking about fisher, not the president? >> phisher and the president. fischer and the president. on economy. neil: on economy fine.

one thing i read into that adam, you help me with this, if housing is not overheating not much of a reason to hike rates that would address something like that. i don't want to put words in mr. fischer's mouth. there is building sentiment what is the rush, this might have given the fed cover what do you think? >> well i agree but he was just looking, commenting on one data point today, neil we've seen heard about so far, housing. that said, the overall fed has been signaling for white a while they do intend to raise rates. were the unemployment rate did not tick up, it did not tick down, which means still near full employment which means -- neil: still should be on the path to hike rates? >> i think they are still on trajectory to hike rates. maybe as ben says maybe it happens next month, maybe not. it will happen you. >> it has to happen. neil: ben, you say it has to happen. look at labor participation

rate, near 40-year low, almost as long as you've known mr. fischer, this is not the time to even think doing that. you say what? >> the problem with the labor force participation rate is not a lack of demand. we have a great demand for workers. we have a worker labor shortage in most parts of country. the problem is a very, very incompetent labor force in terms of what is needed for today's economy. they are decent people. they're just not trained for today's economy. we have to do major retraining job so today's worker is retrained for at that's economy. i want to go back to mr. fischer. we rarely had a public servant and competent and brave as capable as he is. if he is telling me not quite the right time to raise rates i believe him but eventually it has to happen. neil: eventually could be this year, could be next year. >> might very well be next year. it is already october. neil: i understand that i can read the calendar too, mr. smarty pants.

adam, what i venture here what if they go through this year drawing line in the sand telegraphing a move but they don't for perfectly valid reasons. then what? >> it is interesting rhetorically comparing this to president obama's line in the sand or red line. neil: no, i didn't say that. i didn't say that at all. you did. >> i know you didn't say it but -- neil: you're despicable. >> i would say where ben and i disagree i don't subscribe to the conspiracy theory the fed is overly political. if they don't do it, won't be embarrassed. they will do it next year. >> adam, not a conspiracy. it is not a conspiracy. they're doing best they can. >> that we agree. >> people doing best they can. >> we agree. neil: we'll take a break. it's what sparks ideas. moves the world forward. invest with those who see the world as unstoppable. who have the curiosity to look beyond the expected

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neil: we're learning more about a container ship missing at sea.

the coast guard says it is carrying 33 citizens. 28 from the united states, five from poland. the ship is disabled. doesn't mean it is sunk. means the storm could have knocked out all the equipment, still searching for it. joaquin, the problem. caught in rough seas. trish regan will keep you posted. trish: you bet, neil. thank you very much. losing ground to a russian thug, economy not adding jobs, is this the 190's all over again? i'm trish regan. welcome to "the intelligence report." we have full coverage of russia's attempt to humiliate the united states in the middle east. is this deja vu, jimmy carter all over again? think about it internationally we're weak. like late 1970s, prereagan. we're effectively handing over middle east to vladmir putin as russia tries to kick us out of syrian airspace. meanwhile our economy going down in the history books as the worst postwar economy on record.