that's not a great deal of a loss bearing in mind that for the last three weeks we've gone virtually straight up. 17,6 is where we are. the all-time high, closing high for the dow, is approximately 18,3. on that note, neil cavuto, it's yours. neil: stuart, thank you very much. vatican cardinals have gone ahead and okay'd an initiative led by no less than pope francis to go after those who pollute the air and specifically urging the united nations to act aggressively on climate change. the cardinals saying move in a fair, legally-binding and truly transformational agreement that will make a difference for our environment and god's planet. now, we had coal industry ceo robert murray here last week who said forget about whatever cardinals are doing, this push on the part of the administration here in the united states and the environmental protection agency,

it's been nothing but dragging down their stocks, causing them to lose hundreds of millions of dollars, billions cumulatively in market cap. those stocks similarly under the gun today as no less than god is targeting them. you see, no less than god -- [laughter] neil: okay. well, it's a monday. that's the kind of thing we have. also, you know, i don't know whether it's a confluence of weird events, but this week in which we have the vatican getting involved in climate change and urging the united nations to get moving on it comes at a time when we are already worried about that last week in october, typically the most problematic of the fourth quarter, and things are indicating that as we kick off with about a 26-point slide. but is that always true? especially on a month that has defied expectations, that normally haunts investors? hasn't just yet. gary and mike, should we be fearing this? gary, to you first, what do you think? >> look, i think with europe and china now easing even more, i

think that kind of puts a floor under the market. i would suspect near term we can pull back here. we had a ridiculous move in the last week off of horrible earnings and sales numbers, but i think a floor's been put underneath. i don't think we go much higher here. i think any more rally will be narrow, but i'm not so sure we're going to get trashed into the end of the year anymore. neil: you know, mike, it would take a huge selloff to reverse the gains we've seen. it could still happen, we've certainly seen october do that, but it doesn't have the feel of that what's your thought? >> i'm more worried than our good friend gary, neil, because i think it's going to come down to corporate profits, and i think that the third quarter is going to be the second consecutive quarter where earnings are going to be in decline. and this is going to be the first time that's happened since 2009 except there's one big difference, and that is we're not going to have much more room for fed easing and for corporations to take advantage of cheap money like they have

the past seven years. that's mostly gone right now. so i'm afraid this is going to be a slide caused by a decline in earnings. neil: the only worries that draw some distinction, gary, to what mike pointed out -- and i agree with him, there are a lot of worries about these 150 or so companies that are expected to report -- it's been telegraphed they're going to have problems, right? >> correct. and if there's anything i saw last week, neil, that was telling was 3m misses sales numbers and lowers guidance and goes up $6. so it's not necessarily the news sometimes, it's how the markets react to the news. and i just think, look, we've had seven years of 0% interest rates, $15-$20 trillion of printing of money. it's buffered the markets for so many years, and they're still easing each more, and i think that's what's doing the trick. i think the economy is not going to do very well going forward. i think we're probably going to be flat for the third quarter, but markets are looking at something else right now, and that's the easy money. i think we can go lower here,

but i think we've seen the low for the year, at the lows, but i also think we're getting close to the highs for the year also. neil: you know, it reminds me of setting a low bar, it was so telegraphed that these companies were going to do poorly that i'm wondering whether even when they do, it beats the already-lowered expectations. so in a flip sense, your very valid point becomes pointless, you know what i mean? all of a sudden, hey, we knew things were rotten, we're grateful they're not nearly as rotten. >> well, i've been pointless most of my career, as you know. [laughter] neil: i meant nothing by that, my friend. [laughter] like this is something that's out there. i'm trying to walk that back because that was mean. [laughter] >> no. and gary brings up a great point. it's hard to predict how the market's going to react even to bad news at times. but when i start to look at what's happened to margins, operating margins, in other words, how much profit companies have been able to wring out of each dollar of sales, that's

been on an upward trajectory for about seven years now, and it's starting to flatten. so i really am nervous about the fact that if companies can no longer boost their profit margins as they have the past seven years, then what's really going to drive earnings higher? and, further, what's going to allow them to continue to increase dividends which has been another thing that investors have really flocked to the past few years? neil: yeah, something to fall back on. maybe your stock isn't doing much, you've got the assurance of that steady dividend. we'll see, gentlemen. a as they say, time will tell. take a look at this, amazon on fire. i'm not talking about any of its products, i'm talking about the stock. it's up 93% this year. it's already indicated it's going to hire 100,000 workers to help it deal with the holiday rush. a host of other big retailers have promised to hire a lot of part-time folks, so connell mcshane is wondering if this

is happening in a slowing economy, well, it doesn't appear to act like a slowing economy. connell? >> no, and it's not the only example that we see of a technology company kind of bucking the trend that you guys were talking about earlier. it really came up in this front page "wall street journal" article this morning that warns of these large american companies seeing a slowing economy. we're not seeing that in the likes of amazon and some of the other technology companies. but it is interesting to gary's point, what we saw from the 3ms and caterpillars of the world last week, they told us things will continue to slow next year. how does the market continue to perform the way it's been performing? we're on pace to have our best month in four years which is a surprise when you look at the calendar. the theories that are out there are pretty simple, and i think gary hit on the first one, and that's interest rates. at some point we'll be in a higher interest rate environment. some people thought we already would be, but we're not.

the other thing is what about the future? will growth rebound next year? well, many of these large companies are telling us that it won't, so that theory run into a bit of a roadblock there but not when it comes to technology. amazon's not the only one, the googles and the microsofts and the facebooks of the world seem to be immune to the slowdown that's taking place with many of these other larger technology companies. so bottom line, neil, we're in a market, very, very interesting. remember alphabet now, that's google's parent company, weird to look at that on the screen. we're in a market that continues to go up despite the fact that companies are telling us the economy's not going to be great in the future. when you look at some of the innovation coming out of technology companies, it does start to make sense, i think. neil: i agree with you. you have a board meeting, right? we're called google, we need something that has a little bit more oomph to it. i've got it, alphabet. >> what's wrong these people?

neil: thanks, buddy. polls indicate donald trump is facing some pressure if not being bested by one dr. ben carson. having said that, though, when republicans were separately polled among who they thought was the most let bl, who do you think topped the poll? donald trump. things could change, and it's a fast-moving market. what they make on all of this, patrick? >> i don't think much of it. i mean, those are the questions i find in my experience the most useless. neil: let me understand this, patrick. we're doing a segment on it -- >> i'm sorry. neil: that's okay. [laughter] you are a genius, and -- >> predicting -- neil: please, continue. >> no, i'll slide around. [laughter] i'll do it the way you want. [laughter] it is an indication that trump has gotten better and better with republican voters as time has gone on. whether that holds up, he's still got a lot of negatives, but it shows that they see him

as a much more serious candidate, and they see carson -- for reasons i have no clue of. but it's indicative of the fact that the republican party is moving in that direction, and, you know, and the democrats are headed to hillary. so we'll see. neil: all right. sabrina, all kidding aside, his point is very valid. it is a moment in time. right now they seem to be glomming onto the prospect, yeah, we could see donald trump being electable. having said that, how long do you think a view like that is sustainable with all his controversies, with all his negatives or, you know, he's ridden through that this long. what do you think? >> i think pat's actually on to something which is we don't win elections by asking people if they like somebody a year out. we have to wait and see what happens when the barrage of negative information -- which inevitably will come, and we'll have to see, you know, where trump has real liabilities. neil: look at all the information he's had to deal with already, and you would have

thought it would have imploded his candidacy. >> right, absolutely. and the one thing that's clear here is there is an anti-establishment fever that simply does not want to break. what i would like to see is that there's more room. he's sucking so much oxygen out of the room that there would be -- we want to hear those oh anti-establishment candidates, i want to hear more from a carly fiorina, from ben carson. if the murmurings are true and jeb bush drops out and rubio doesn't make it, there are other candidates out there. we want to hear from all of them. neil: pat, we have no idea. but we do get sort of a growing sense of where we stand right now. and are you surprised as a guy that started this through multiple campaign cycles how long trump has been standing up? >> oh, absolutely. this was not just a summer fling. this was not just, oh, he'll, you know, he'll collapse. all of the wishing and hoping in washington and the political class that has gone on has not

come true. and the reason is for what was just said, which is that the fever of anti-establishmentism in this country. he is the only person in the republican party that i think right now talks to things like trade deals that screw people where the republican establishment makes those deals. he's the only person speaking to showing authority of leadership at a moment when we need it. everybody else is playing the typical give me a sound bite, and he is not. >> right. >> there is room for another candidate, but there isn't one. neil: all right. >> yeah, and i was just going to add to that one thing he sort of managed, in many ways he's much wealthier than mitt romney was. >> well, he doesn't run from it. >> right. he doesn't run from it -- neil: that's a crucial point, he accepts who he is. >> and he's had ups and downs, and people can relate to it. i think it's that personal

connection whether you like him or not, people feel some kind of connection to him whether they watched him on tv on the apprentice or they feel like they could aspire to be like him as a business person or because he says it like it is, whatever that even really means. people feel that personal connection, and that's what's missing from most of the other candidates. neil: i think people never in doubt, you might not like what he's saying, but you admire the fact that he says it, you know? but what do i know. [laughter] patrick, thank you very, very much. it always goes without saying, you know, sabrina, one of the things that occurred to me is the fact that donald trump had been losing female voters, but it seems the worst might be over. you buy that? >> well, i'll tell you this much is that there have been very few campaigns that have reached out to the independent women's forum, so their views on a suite of workplace issues and other things, his may have been one of them. neil: is that right? guys, thank you very, very much. >> well, that's good news. neil: good news, but we'll see. all right, we were telling you

at the beginning how there's a holy war now against coal producers, those who are deemed to be polluting the air in vatican. all the major cardinals -- not all of them, but a he was think majority -- hefty majority, went ahead and accepted the pope's demand that they send a religious order, if you will, to the united nations to get cracking, get moving or they're all going to go to hell. look at what's going on to coal and related stocks. they are selling off on what has been pretty much a trend that's gone unabated here. peabody energy, of course, had lost a lot of ground already, but all of these guys down on fears that the new war on coal is on, and now god's involved. when we come back, expectations a little too high for one paul ryan, especially when tea partiers hear that among his many fans are harry reid and joe biden. ♪ ♪ neil: is that the kiss of death? after this. ♪ ♪

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neil: all right. this is a worry for some in the markets. not all, but after the big runup we had in technology stocks, they've been on a tear -- less so today -- the feeling was this could be a convincing rally if oil follows suit and energy stocks start turning things around. that is not happening w. the drop in oil prices, a lot of these stocks have dropped as well. keep in mind a lot of them, and we could include utilities which we mentioned under pressure with coal and now the vatican and cardinals and the pope also teaming up with the president of the united states and the united nations to address climate change, it's not a very good environment for these guys today. and they have certainly felt it. in the meantime, one paul ryan is now looking like he is

the next speaker of the house, and that's because he has assembled enough bipartisan support to amass the minimum of 218 votes he'll need later this week, first with republicans in conference and then with a full vote in the house. but an issue for a lot of the tea partiers, a declining breed i might point out, is that he's getting high praise from the likes of joe biden last night in a "60 minutes" interview and with harry reid. i'm wondering how former republican arizona governor jan brewer feels about what kind of changes those conservatives could expect under a paul ryan. governor, good to have you. that's what always gets some of the conservatives' ire, that, wait a minute, if those guys, those liberals are saying great things about this guy, he's not our guy. what do you say? >> i don't think they have a choice at this point in time. the bottom line is paul ryan is a terrific guy, he's an absolute consensus builder. and i think that he will be successful.

however, we all know it's going to be very, very difficult. but paul can, is a guy of big ideas, and he can get it done. he can look at it, he can get into the weeds, and he can get the legislation through. because he understands it. and so i think it was a terrific choice and anxiously looking forward to his leadership. neil: all right. that might be the case and hope always springs eternal, governor, as we've said in the past here. you mentioned the fact he's known as a consensus-type leader. that was the rap that tea partiers, the conservative bunch of in the house, had against him and particularly the man he's likely to replace, john boehner. too much so for consensus and not for fighting the good fight. what do you say? >> well, i say that i think now that everybody has come together, you're never going to be 100% with everybody. neil: very true. >> i've served in leadership, i know that. but he has brought them all together, and from everybody that i've spoken to, had the privilege to speak to in the

liberty caucus, they appear to be very satisfied and are willing to work with him. we need a leader, and we need somebody that can bring and look at everything. and he understands the process. he's got a long track record. so i think it's good. i think it's very good, and i'm hopeful for him. neil: you know, donald trump does not think it's good. when i talked to him not too long ago, governor, he was saying this idea that republicans would give up using a possible shutdown as leverage, that's all he meant, that it would be leverage in negotiating any deal with the white house on the debt or whatever, and that by giving that up right at the get go, you ceded ground to the democrats. what do you say? >> well, i say that i believe that you don't know where they're going to go because they don't know all the dynamics that are going to play into that. bottom line is we don't need our government shut down. and so they have to be pragmatic. they've got to do what's right for the country -- neil: so you don't think it's even a good idea to raise that? i think what trump was saying,

governor, was don't take that bargaining chip away. you're saying you don't bargain with a shutdown, right? >> absolutely. we know that you use every power, every means that you can possibly do to get done what you need to get done, but you've got to do your job. you've got to do your job. neil: yeah, i hear you. governor, real quick while i have you as well, i was talking last week to a number of liberals about this effort that a congressman i think in california had to push for renaming what we call illegals in this country, drop the term "alien," that they're undocumented -- i don't even know, undocumented human beings who have got to be treated like human beings or something like that. but to remove the term "alien," i thought of you and all the problems you had in arizona dealing with this problem. what do you think of that? >> well, they're trying to rewrite our laws, they're trying to rewrite history, they're trying to rewrite what the rule of law truly is. they are illegal aliens, that's the bottom line. they're not illegal immigrants,

they are immigrants, but they are illegal aliens. and that's a way that we all -- neil: they say that's not nice, governor. they say it's a pejorative. what do you think? >> i'm sorry, not nice doesn't get it. [laughter] let's call it what it is and tell it like it is and get the job done, and let's get the situation that we have to deal with solved. we need our borders secured. neil: all right. governor, i can always count on you giving me direct answers. i always enjoy seeing you. thank you. >> thank you so much, neil. neil: all right. did you hear about uber? years ago people laughed at the concept you call for a car in advance and it's going to be a threat to the taxi industry. now uber, which is on fire, is looking for a billion bucks in more funding to essentially take over the world. we'll explain. ♪ ♪

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with once-weekly trulicity. trulicity is not insulin. it helps activate my body to do what it's supposed to do release its own insulin. trulicity responds when my blood sugar rises. i take it once a week, and it works 24/7. it comes in an easy-to-use pen and i may even lose a little weight. trulicity is a once-weekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes. it should be used along with diet and exercise. trulicity is not recommended as the first medicine to treat diabetes and should not be used by people with severe stomach or intestinal problems, or people with type i diabetes or diabetic ketoacidosis. trulicity is not insulin and has not been studied with long-acting insulin. do not take trulicity if you or anyone in your family has had medullary thyroid cancer or multiple endocrine neoplasia syndrome type 2 or if you are allergic to trulicity or its ingredients. stop using trulicity and call your doctor right away if you have symptoms of an allergic reaction, such as itching, rash, or difficulty breathing;

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at least in the last month of september it was bad news. new home sales plunging for the month better than 11.5%. this represented the slowest pace in ten months x that has been weighing on building stock, most of them getting hit hard on the today. but we should posit here that if you look at the first nine months of the year versus the first nine months of the prior year, 2014, we're still up about 7.6%. but a lot of this had run up very fast. all right, here's something that is running up very fast. uber, the attention is wanting to expand, it needs another $1 billion to do so, this already after an enormous round of funding. gerri willis looking at that. that's an uber-big deal. >> it is, mr. cavuto. yes, uber wants to get a billion dollars from venture capitaliste their valuation to 60-$70 billion. remember, this is a private company. it's a start-up. it's the largest of what they

call the unicorns, and those are the private companies that are valued at a billion dollars or more, and they would be the biggest of the big in that case at a valuation of $60-$70 billion. they've already been through eight rounds of funding over the past five years, so they just keep coming back to the well, and it seems to me people are more than happy to give them money. keep in mind, they are massive now. they operate in 300 cities, 63 countries. their attention right now on china where they're building out their business there, to some extent underwriting it to take market share because now having seen uber in the marketplace, lots of people with start-ups trying to emulate that success. so, yes, uber has decided to be the biggest of the big. neil: all right, thank you very much, jerry willis. to donald trump making some news, a big eye-opener for you, but it's something he said about john kerry that is raising eyebrows in a very different way.

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. neil: all right. i don't know if the two are connected but when you have amazon sorg, it's nearly doubled this year on indications that it's very optimistic for a lot of consumers doing the shopping thing. it's about 100,000 of them to help out with holiday sales.

and then you add to the likes of toys r us, hiring 40,000, walmart 66,000, target 69,000, a host of others doing the same thing. maybe there's something going on, maybe they can defy expectations and shop. my wife needs little such incentive but nonetheless there are going to be a lot like her and that's why all these stocks are zooming. another story we're following that is getting a lot of play here, whatever marco rubio presidential candidate because if he doesn't farewell, he can't go back on his senate job, the florida senator indicating he's growing frustration with being a united states senator or his critics say he's responding to the fact that he's been criticized for missing a lot of votes and he doesn't really want to be in the senate. this job he aspired to is old news. the white house is it or that's it. comment on what that might mean and how that frustration is falling out. what do you think, vince. >> well, i think the question should be for marco rubio. did you want to be a senator

in the first place or did you just want this to be a steppingstone to the presidency? because i think people looking look at this and they say, hey, the senate is the most deliberative body perhaps in the history of the world. and it's hard for i think a lot of people to see marco rubio who has missed so many votes, and he has admittedly missed a lot of votes and said how would you even have the experience to assess whether or not the senate is working. neil: other senators missed as many votes? has ted cruz or rand paul or even back in the day john kennedy? don't they all miss votes by the nature of running for president. >> running for president obviously does that. it did it to barack obama when he ran for president. but some 30% of the votes that ruby missed came before he was running for president. so that was a sizable portion. so, yes, absolutely. i think people want to assess this and say, hey, you're going to leave this body that you say is not functioning because you want more power as president of the united states to fix the process? look, the senate is meant to

slow down the congress entirely. is meant to slow down the law making process to make it deliberative so that this embody doesn't employ bad laws on the american public. the senate is designed to do that. neil: all right. taking sides with marco rubio but a senator gets to that body who's fancy moving down the block a little bit, you know what i mean? >> true. absolutely true. neil: well, thank you very much, my friend. always good seeing you. >> nice seeing you. neil: donald trump we're told is one of these who are sizing up the white house but he said something about our secretary of state, which is raising some eyebrows. now, he has said other things that have raised eyebrows in the past and not suffered at the polls for it. but anyway charlie gasparino also said some in things his life on whether this is dangerous. tell me what he said. >> he called carrie a schmuck .

neil: okay. and why is that bad? >> i'm the best you've got here. that's really not what he meant. i think he meant puts and here's why.

>> if you're got an spend the money, you're not going to win there and the real question is why is he in this race if he's not spending money? so that becomes the bigger question of whether he's in it to win it other than just to make a lot of noise and see what happens neil: you think that if he had more polls like this where he's stumbling or not the number one guy, he might be inclined to leave. >> yeah. i think if he loses new hampshire, my guess is he

leaves. i would say this, though,. neil: if he loses the primary or just polls in the state. >> no. the primary. neil: at least stick it out. >> the gick of the year. not too far off. and you've got to spend money. what does he spend money on? hats. neil: they're nice hats. >> i have one. i love donald. neil: i have a big hat, they don't fit. >> these hats are huge, this would be perfect for you. getting back to your last conversation. neil: yeah. >> every new york city counsel men or councilwoman i've ever met wants to be president. neil: i agree. i fully agree. i agree with that. i mean they all want to be. thank you very much, good to see you back. gallery gasparino, and gleaned -- >> neilcavuto at foxbusiness.com?

. neil: exactly. bill o'reilly.com. and fox business gop debate is scheduled, and i'm sure these phrases will come up so please stay tuned for that. it will be a quite interesting affair in milwaukee, wisconsin. meanwhile some guidelines out there the president is saying along with his departing education secretary that we test too much. we shouldn't have so many tests. and i'm thinking to myself, well, is it because teachers don't like these tests? the tests union is very much against this metric that measures their performance? or is it that they just don't like tests? we report. you decide can a business have a mind? a subconscious.

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neil: that doesn't make necessarily microsoft super cool again. let's just say cooler. okay? we have got new testing guidelines the president wants to put into effect with his education secretary. the whole idea is that we test too much in this country. and whether you're at the high school level, grade school level, all the way up to preparing for college, it's a bit much, and it's freaking kids out, and it's time to dial it back a bit. eric on those new guidelines. all right, ladies, my immediate view on this was this was about the teachers union that hate any sort of metric on how they're doing or not doing. liz, what do you think. >> i think it's about time that something's been done to stop the testing and it's just

not necessary anymore. there's so much pressure on these children these days tha. neil: what did she this is not about the teachers, this is about the kids. we love the kids? >> yeah. about the kids. neil: okay. erica. >> well, the whole purpose of common core is that so that our kids are competitive on a global scale and also we want them to be college ready. and without tests, how are we going to know if the schools are actually performing. neil: well, you'll know from their grades. they'll say -- you'll know from their grades. >> i'm all about testing. however, at this time with these common core, with the tests that they're doing for these children, the pressure is so great on these kids that it's not necessary and they're not teaching the children wharf to be taught. absolutely children need to be tested. however, i'm glad that they're finally taking a stand back and saying that there's so much pressure on the kids with these tests, that it's time to take a step back and teach these kids what they need to be taught and it's not thinking about test. neil: all right. you might be right. but something tells me the

fact that some of the tests have shown a lot of the kids are not learning what they should be learning. and a lot of parents targeting the teachers saying, hey, my kid's still an idiot. you're not helping me. so i'm wondering if we take that away, one metric that would at least help parents decide whether their kids are learning, and we just strip it away then everything is all gone. the teachers can relax, school of administrators can relax because the performance police are off their back. what do you think. >> well, i think our schools need to be accountable, and we really need to know that our kids are learning what they're supposed to be learning. and also if you're for a living california, and you move to texas or new york, you want your kids on the same curriculum, and you want to make sure they're being tested so that if they are moving to the next grade, they do know what they're supposed to know. and, you know, we live in a competitive world, and we want our kids to be ready. so what if they have to take an extra test. one of the things people are criticizing is that the tests

r redundant. but sometimes you might fill in the bubble correctly on one and not the other. so if there's more than one test testing the same material, then you have a better idea if our kids do know the material or if they don't. neil: i can understand part of your concern here because, you know, tests sometimes don't show smarts. there are a lot of people -- bad on performance tests. and yet they end up being great high school students and great college students. but i'm told, i'm looking at the statistic that most kids, the test speak their ability in school. and without that metric, you're kind of that loss; right? >> i think you do need to test, and you do need to test these children. however, again, the pressure that is on these children to be taught for these tests is a lot, and i think that it's time to take a step back. neil: that was different when i was -- i was totally clueless and didn't know you

couldn't write all of the above for every single answer. so how was it different when we were kids. >> when i was in school, of course we took tests. and tests were based on our ability of how we were doing. however, my children for you, almost 12, 8, they're in school and studying for the tests and not just them but the anxiety that they have, the kids have in general for studying for this test. i feel is much greater and not just me, it's mothers everywhere than it ever was and maybe our children can take a step back and teach them about the experiences, more about experiences, more about teaching than necessarily teaching for this test because the pressure. neil: what happened? did your kids bomb the test? what happened. >> no. i'm not lying. my kids are doing just fine in school. however, i see the anxiety that these kids have from these tests. >> but, you know, the common core actually is really more run by the state than the government. it's really on a state level. neil: yeah. >> and states have to decide what the kids are doing and

what their schools are doing. and really for the federal government to come in and say you don't need this test and that test. i think it really should be left to the local government to tell our schools what they need to be teaching. i mean they can teach this any way they want. it's just the kids need to learn certain things and then at the end of the there has to be some sort of test to tell us. >> absolutely. >> are they learning or aren't they? and it's random to say get rid of this one or that one because maybe they needed it in one stay and not the other. so i think it needs to be more at a local level. >> and at the school level. i think also school is individual. not every school should be teaching the same. not every child is the same. the way we teach these children is different. neil: but, again, i'm just going from the advice of my father who suggest when i was a kid, neil, the whole idea is to put a decimal -- a number in front of the decimal point. >> 6th grade math right now, i

personally am having a really hard time with it. i'm a college graduate school, i don't know how -- neil: i have no idea. ladies, thank you both very much. all right. thank you very, very much, guys. all right. steve jobs, we know he was a genius, he got great grades, was a visionary, so what happened with yet another steve jobs movie that bombed. maybe we just love his product but not him. could that be?

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man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. neil: all right. ahead of big earnings report tomorrow, apple shares are taking on the chin again today down to about $115.05 a slide of more than

2.5%, but this is the up again down again story where it's treading, and into this backdrop we have a movie that was just dropped by fans and critical acclaimed, and that steve jobs movie not doing much better than the ashton kutcher one, what happened. >> hardly better at all. maybe i'm not the best person to report on this, because a i have an interest in seeing it unlike everybody else, which is a pretty bad sign for apple. and 7.2 million, you know, in its opening weekend to your point to the ashton kutcher movie, which i'm told was horrible, by the way, 6.7 million for that for that, so if you're not beading ashton, not a good sign for steve jobs. there's a lot of theories floating around of why this may be the case and maybe because i haven't seen the movie but the theories out there has no star; right? so cavuto turned it down, dicaprio turned it down. neil: you have kate winslet on

it. >> yeah. but this guy is supposed to be a gadzook excellent. >> and the reviews have been terrific that he did a great job. but he's not dicaprio so the draw's not there and maybe that's part of it. and maybe we're tired of steve jobs. the ashton kutcher movie was made, a number of books. neil: yeah, this is based on the book but even -- >> good book. neil: and i thought that the book was terrific. >> i loved it. neil: based on real conversations and everything else. and yet they took liberties from that. i'm wondering if it's just going far field from something called reality. >> that may be and steve jobs' family would argue in this case that a lot of the things in the story aren't true. neil: doesn't make her look good. >> nor him, it doesn't look like steve jobs, i'm not sure if that matters at all. neil: but the argument of putting me in that role. >> yeah, for now. you know what i say?

getting what they deserve at this point. so a decent amount of competition out there for it as well. and the bottom line is, listen, i want to reserve judgment, i want to watch the movie. a lot of people are comparing it to the social network, which apparently bad comparison . neil: yes. >> because aaron sorkin wrote the movie, he you liked that, maybe you would like this. but the theory behind that comparison not being valid is that the social network at the time -- when it came out in 2010, facebook was not exactly new but people were interested in learning more about it and whereas apple has been around and, you know, steve jobs already died and all these movies and books have been coming out about him that maybe we know what we want to know about steve jobs. neil: i would not see it unless it was for kate winslet. she gained weight for this role. >> you saw it. neil: yeah. >> what's your review of it. neil: it's not remotely based

on the book. some of the is fiction. but the characters were phenomenon. ashton kutcher couldn't hold a candle. thank you, connell. >> you're welcome. neil: there you go. he avoided that whole interplay. which i admire. all right. in the meantime tea party support in this country at an all-time low for the tea party. yikes. after this jeb bush: this president, with all due respect,

believes that america's leadership and presence in the world is not a force for good. america has led the world and it is a more peaceful world when we're engaged the right way. we do not have to be the world's policeman. we have to be the world's leader. we have to stand for the values of freedom. who's going to take care of the christians that are being eliminated in the middle east? but for the united states, who? who's going to stand up for the dissidents inside of iran that are brutalized each and every day? but for the united states, who?

who's going to take care of israel and support them - our greatest ally in the middle east? but for the united states, no one - no one is capable of doing this. the united states has the capability of doing this, and it's in our economic and national security interest that we do it. i will be that kind of president and i hope you want that kind of president for our country going forward. announcer: right to rise usa is responsible for the content of this message. but it is not the device mobithat is mobile, it is you. awe believe active management

can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management. you can't breathed. 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. breathe right >> i like ben but he cannot do with trade like we do trade, he can't do a lot of things. actually i think ben carson is lower energy than jeb if you want to know the truth. >> i really refuse to really get into the mud pit. you know, hillary actually was right when she said the republicans are there trying to destroy each other. neil: that's the case of the two frontrunners of the republican presidential

nomination going at each other but you might notice the good doctor so holding the good fire on hiss press secretary of why that might be. the fear seems to be by those who have been hit by donald trump if you don't respond or if you take your time responding, you'll pay dealer at the polls. obviously you've calculated and the doctors calculated otherwise. why? >> well, first of all, thank you so much, neil, for the invitation to join you today, and it's not a calculation, it's who dr. carson is. he said from the beginning he's not going to go to that level and sling mud, it's not a part of who he is. he talks about having had a temper as a 14-year-old, a teenager having a violent temper to the point where he even tried to stab a young man and fortunately was there a belt bulk that stopped him from actually piercing the young man. and after that incident, he actually went and prayed and asked that his temper be taken

away because he recognized that that type of attitude, that volatile temper gets you nowhere and, you know, the same man that you see on the news in the afternoon, this very calm man is the person that we see every day on the campaign trail. neil: no doubt about it, i agree. i think he's a classy -- whatever people view his politics points of view. but did he go too far the other way? i understand as a kid but did he go too far the other way in that we have a president who has been nicknamed no drama obama and now we wish we could see more drama, more emotion out of our leader and that might boomerang on the good doctor. what do you think. >> well, you know, i don't think that the people -- the people in iowa certainly don't think that. otherwise we wouldn't see the, you know, the rise in the pol. neil: no you're right about that. another one out today that shows he's holding that lead. but go ahead. >> absolutely. and when you see dr. carson, when he's out in front of people, he is passionate, he's

passionate about this country, he's passionate about making sure that the voters understand who he is and not having a -- you know, go between him and the media where he keeps a very aggressive schedule. and the bottom line is that the people actually get a chance to hear him and see him, they love what they hear, they love what they see, and they love the fact that he's not going to take america down this road of, you know, personal political destruction in terms of attacking each other. he -- that's not who he is. and it's absolutely not the way he runs his campaign. neil: no and, again, here's where i -- i think people might differ in that by not responding or at least saying here's what i would do with china. donald trump is all bluster on china, donald trump is all bluster on russia. here's how i would deal with him. you don't get a sense of what he would do. he has spoken out against china and how its eating our

lunch when it comes to our debt and everybody else and manipulating its currency. but do you think that gets lost because he doesn't respond more forcefully to these attacks? >> well, he's definitely not going to respond to attacks from donald trump or from anyone else. but he will engage voters on the issues. and that's what he's doing . you know, and there will be a time in the coming weeks when dr. carson will reveal, you know, his plans on health care, the economy, and at that point people can look at him, and they can see whether or not they doable that he's the foreign lead the country. neil: your counsel a great deal, i can certainly understand that. if he is targeted again and again none stop, donald trump goes after him and that has been his mo when candidates look like they're a threat. and to give donald trump he's always done just fine doing so. you don't think your candidate should come out swinging responding in kind or at least responding? >> absolutely not.

that's not -- no, absolutely not. that is not who dr. carson is. he -- if you want to engage him on the issues, he'll be happy to do that. but to go and out attack another candidate, it's not going to happen. you can wait all day long but that's not going to happen. neil: no, he's not done it yet to your point. thank you very much. very good having you. >> thank you so much. thank you for the invitation. neil: all right. we've told you all the dust up right now in capitol hill. this is the week we're told the republicans are going to rally around one poll, john boehner, the speaker of the house, and then they do it full house, paul ryan has the 218 votes he needs. but conservatives in particular is how it is that he enjoys this support among republicans when the likes of joe ryan and reed. and probably with wondering the same thing, and i guess, gina, your concern is that the tea party may be losing some

steam here. what do you think. >> actually my concern is not that the tea party is losing steam because i don't think the tea party by itself has ever been. the whole thing about the tea party from the very beginning, and i was there at the beginning as somebody who has been a lifelong republican. i was tired the label because i didn't want to be identified with the john boehner's of the world; right? so that was point. we didn't. the labels. and i think the tea party -- neil: well, are you surprised, gina in the freedom caucus dominated by 40 some odd tea parties largely that most of them are incline to support paul ryan now? >> you know, it does surprise me a little bit that they're going that way. i liked when they were tossing around names like daniel webster and others. but i do think you have to give credit where it's due and that's number one basically the tea party. whatever that is, that very fractured nonlabellable group, they topple the speaker for all intents and purposes and

if you look at the top, four, five presidential candidates that are polling the highest right now, those candidates are essentially tea party candidates. now, that doesn't mean that everyone who supports them wants to be labeled tea party any more than they want to be labeled rapport anything else. these are independent thinkers who are conservative who see our country going to a very politically correct state of direction. neil: they don't seem to be glomming to that. and who am i to know how it sorts out. but donald trump was particularly critical on the part of some establishment republicans for lack of a better word who had taken the government shut down as a tool off the table. in other words, donald trump said i'm paraphrasing here. you lose your leverage when you lose a key arsenal in your fight when us you won't shut down the government. and obviously paul ryan believes that, and mitch mcconnell believes that and that's a mistake to go that route, to threaten the government shut down. that gets donald trump warning gets some other conservatives

angry, how does it make you feel? >> any red-blooded american who loves freedom angry. you don't negotiate a away your chips before you ever start the game. and that's what i think made everyone so mad at boehner and the establishment republicans. neil, i've been on your show for i don't know how many years screaming about this issue that refusal to use the leverage that the republicans have that refusal to ever find the narrative deal is what makes conservativists so mad and that's why they're flocks to ted cruz, ben carson. neil: thank you so much. >> thank you, neil,. neil: she keeps up the fight. you can say that. and meanwhile bernie getting rough on hillary. did any of you catch this? >> that agreement is not now nor has it ever been the gold standard of trade agreements. i did not support it yesterday. i do not support it today, and

i will not support it tomorrow. . neil: all right. so now he's mr. tough guy; right? the debate with hillary clinton was all, like, just silly taps, didn't want to make a big deal of the e-mails. some have gone and and said you have to differentiate more and get tougher. but i'm wondering if this is a little too late. what do you think of it. >> yeah. i think, neil, you're probably right about that. the problem that bernie has he said it at the beginning he doesn't want to make it tougher for hillary clinton if she becomes the nominee. so he's trying to make a balance here, how to go after her without being too rough and being seen as a person that damages her going into a general election. so that's really the -- neil: and what they did weekend. because if he had shown a little bit of that fire at the debate, it might have been a different night. >> well, absolutely. and, you know, look, the problem is that he can't mention -- he doesn't mention her by name and say, listen,

she was for this, i'm against this, she was for that, i'm against that. and so it's -- i separation. neil: then why is he running? >> he's running because he wanted to bring some issues on the forefront on trade, incom economy, income disparity, i think he's a bit surprised he's doubt cut on this much and he's this. much on fire and now how do you deal with that? because the original question is don't go after hillary too much, and now you're within striking distance so what do you do? . neil: no, i think you're right, here's why. because i think that anyone who runs for president and especially i think you do entertain winning. you know, there's some people who are after the race i'm wondering why you're there. but these issues he's always cared about, these issues are the longtime very outside the petary dish from vermont, so i

thought he thought by those polls that he could win this and he still might. but i think he conceited some valuable ground to her and he has to work to dial that back. >> he has to and the problem is he doesn't want to go after her in a way that, say, barack obama did in 2008 where earlier took her on very, very strongly but it was to his benefit in the england he won. he's got an win being differential to her. >> well, that's the thing. i think there's a big now as to whether he could really win this. originally i thought he thought he couldn't. but maybe he can and what do you do? i think you're seeing some confusion there that i'm not going to differentiate myself and i'm not going to punch her too hard and the result is what you saw this weekend which is which is the stepping a little bit closer. neil: i don't know just reminded me people who threaten someone, i want to beat his brains out and then you get there and nothing. and then after did you see me

beat his brains out? all right. thank you so much, eric democratic strategist, don't forget the fox business gop debate tuesday november 10th, there or be square because this is the type of debate where these issues come front and center in english. crucial. all right. meanwhile we've got the federal reserve meeting this week. did you know that? now, this is the week also that the federal reserve could go ahead and hike rates. very few see that coming thinking that because there's no press statement planned after the event you're not going to see janet yellen meeting after the event. but says who? says who? ♪ i built my business with passion. but i keep it growing by making every dollar count.

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. neil: all right. well, i don't know if the federal reserve hikes rates this week, this month, or whether it waits until december but if it does decide to hike, maybe fedex, news out of that companyene though it's down today that it expects very robust demand, very package season, busiest in the past couple of years, that in the likes of amazon, walmart, beefing up to the hundreds of thousands of extra holiday workers. maybe that is a sign that things are percolating in this economy and that is why retailers are moving up and that is why the federal reserve will have to interest rates and on that fed meeting. this week so the expectation is that this week no but what do you think. >> no. i think the market is pretty much decided. there's not going to be any move this week. i think people will be stunned if there were. market actually interestingly the market is still predicting

a rise in december, and i think that that is very much open to debate. look, i mean there is -- neil: why are they thinking we're going to get a rise? is that because the economic news has turned more positive? >> yeah. to be honest i honestly think it's nothing more exciting than the power of consensus. people are sort of -- people were expecting and then they furnish back and then they push it back and no one actually wants come out and say what you know? maybe we don't see one until 2016. there is no inflation at the moment and the job -- the payroll data was disappointing. i don't see any particular urgency. what i think is interesting actually that's often missed is even though we're obsessed with short-term rates, actually much more interesting long-term rates have been coming down. actually more -- the 30-year mortgage has come down a quarter of a point since july. that's great for the housing market, for example. neil: no, that's a very good

point. i don't want to get too wonky and you're far better than i am at putting this in english. but we could have a flattening yield curve. even if the fed were to hike interest rates, to your point these longer term rates that the mortgage rates are attached to those come down. now -- >> i think. neil: what did she then what happens i guess? >> well, i mean the thing is, you know, the people who are really getting hit by the short-term rates are people who, you know, used to keep their money in cash. i mean the old 5% cd, which is now -- gone with the 5-cent cigar. lost to history. those relate people who are really suffering from the short-term -- short-term rates may be down for a long time. they don't want to make the mistake that the japanese made in the '90s when they moved very reasonable quickly. or too quickly to raise interest rates thinking that they were normalizing interest rates in the '90s and

prolonged the post bubble slump. so we may not season see -- even a quarter point in the new year or december, i would be surprised if we see large hikes any time soon. there isn't any inflation. neil: it's rare that the fed is one and done either up or down. >> yeah. neil: and the fear of the markets is that they're going to be doing a lot of these. >> well, i think they would rather be too slow than too quick. i think that's very important. and until there is, you know, sustained, you know, inflation, i mean to be honest, i think china when china revalued and set on of that market turmoil in august, september, that really put back interest rate hikes quite a bit. neil: yeah, but, you know what, did? i think the fed boxed itself into a corner with this ridiculous line in the sand all the telegraphing. in fact, telegraphing predicting a hike in rates by the end of the year. i think they in their heart of hearts if they could dial that

back, they would. >> well, they have been dialing it back. they have been saying, well, it's an expectation, not a promise, or the rest of it. neil: yeah, you're right. about i think they box themselves. we'll see. thank you very much. auto good seeing you. >> great to be her. neil: as brett and i were chatting, they're still dealing with that refuge problem in europe, migrants and refugees coming over from croatia and they're waiting for buses that are going to take them to austria. but they've been overwhelmed by all of these border tubes towns and keep in mind that germany has taken in union plans to take in 100,000 of them but that's not nearly enough, they have got to take in hundreds of thousands of more and one of the month conservative leaders saying they've got to do more and some of the liberal even socialist counterparts are saying no. no. in. we're doing too much. that's how weird it is in europe right now. all right. a big, big day for microsoft. not only in its stock but in what's the happening with the

cool factor. because apple, take note. just a few buildings away from you is a microsoft store. and inside? these are microsoft fans. wow 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.

hand apparently, they also lovee stickers. g. what's up with these things, victor? we decided to give ourselves stickers for each feature we release. we read about 10,000 suggestions a week to create features that as traders we'd want to use, like social signals, a tool that uses social media to help with research. 10,000 suggestions. who reads all those? he does.

for all the confidence you need. td ameritrade. you got this. neil: we interrupt these up and down markets for russian submarines near crucial communication sites and cables, just minor details to bring you up to speed. the military expert joining me now saying you should be worried about it. this is pretty scary stuff. the details of what's going on. >> well, it's scary because something like $10 trillion of business is used daily, flows between the cable, along the cables that connect us with the pacific -- with the east

asia and with europe. and if the reports are true, as i believe them to be, that russian submarines and surface vessels are looking for vulnerabilities and possibility of cutting those cables in wartime or maybe not in wartime, that's a serious matter. neil: all right. so by design they seem to be where these cables are or that their intent on cutting them and destroying them? because there are other means by which we could communicate; right? >> well, the means by which we communicate by which we communicate data that's important for the commercial markets. neil: yeah. >> and finding the places where these lines run is not extremely complicated. because we've been -- europeans and us have been putting down cable that

connect europe with the united states for -- well over 100 years. neil: do we know where their cables are so we can cut there's too? >> well, we know where some of their cables are. but the real issue is the well-known communications -- cable communications that connect us with western europe and also with the west pacific. . neil: now, this would include all types of communication. business, military, intelligence, the whole works; right? >> well, a lot of the military communications are going to go by satellite. . neil: so what are those cables isn't the the ones on the ocean floor. what are they? >> the cables on the ocean floor are largely fiberoptic. neil: right. >> and they carry a tremendous amount of data. . neil: what kind of data? any of it any highly sensitive military data? >> it's mostly -- the really important part is financial

communications and communications themselves. . neil: so you hear -- that power shut it down and obviously reek havoc in the united states. >> reek financial havoc. exactly. and the answer to this that i think is in danger of being overlooked is that the best defense is that the united states remained are the dominant power in submarines and antisubmarine warfare in the world. and this story comes up just a couple of days after the president vetoes defense bill. so put those together -- neil: i didn't do that. very good point. >> yeah. that's directly connected. submarines in the national defense aughtization, though. they've got to work something out but we don't stay the dominant power by playing politics with our defense bil. neil: thank you very much. deputy under secretary of the navy in the reagan and bush

administrations. what he knows speaks and fears. i do want to update you on stocks, a number of the cardinals in the vatican going on writing about pope francis' initiatives, they have sent a cable now to the united nations you talked quick and definitive action on what ails our environment and i want to get their exact wording right. climate change to produce a fair, legally binding and truly transformeratial agreement. this of course comes at a time when there's already pressure in this country to rain in on coal producers and the like because they're not clean enough. now you've got the pole and a bunch of cardinals doubling up. it gets worse. for guys like bob murray and all these coal guys, we shall see. all right. we told you about how apple has long been cool, had the cool stores, the cool

engagements, would you have ever envisioned a time that people would gather in a microsoft store? well, that's a microsoft store. a big one in manhattan that just opened up today. these aren't apple geeks. these are microsoft geeks. still think microsoft isn't cool? will you settle for at least cooler? after this . .

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online and on the usaa app. >> i want to show you something live going on. this is "cavuto: coast to coast"

store that opened up in manhattan. >> nice. >> you got it there. this is all microsoft store. i'm just messing with you. this is one floor. it is all microsoft gadgets and goodies, laptops and new phones at the like. who would that thunk, right, that microsoft would generate crowds like this at its stores. its early stores didn't. jo ling kent saw this. that is only kind thing i will say but, i kid. those are pretty big crowds. are they giving stuff away? are they giving stuff away? >> there was pitbull concert. people were excited about that. free ticket to any concert would do it. microsoft is trying to take the next step in its strategy not only excelling what we've seen

in terms of storage and cloud and non-physical things but debuting surface book laptop and surface pro 4. these are items that traditionally done relatively well in enterprise. they're trying to pivot towards the consumer. take the retail expansion with a grain of salt. it is very expensive to have retail on fifth avenue. more than $3300 a square foot according to cushman wakefield. this is a big deal for microsoft to be moving in this direction but we also see it as part of the satya nadella, the relatively new ceo's, strategy to expand retail, tighten the reins of management and trying to put forward a coherent message. maybe it is working today. neil: we were talking about the earlier microsoft stores prior to his arrival as ceo, they didn't earn this amount of interest. they have a lot more cooler gadgets.

you have apple sliding in people's eyes and stock sliding as well. microsoft's rising with critically acclaimed products. to early to tell. it could be a significant turning point. what do you think? reporter: it could be a turning point. apple is dominant in terms of mobile with the iphone but you need a tablet that does more professional things than the ipad does. the surface pro has long been a good tool for that with the new edition of the surface 4. they're feeding a new, growing market. and then you see apple kind of coming up from behind with a stylist of apple pencil, if you will. there is a lot of competition on this highway. neil looking at products themselves, there is a lot of pressure on microsoft for the surface book to sell. this is the first laptop they ever produced. very expensive, starts at 1499. it is up there in terms of apple with its innovation of the

design of course very different. we'll see how this work out. a lot of stuff didn't work out for microsoft, including a lot of their phones. windows 10 they hope will be launchpad. neil: they have new phones coming out. you never know to your point, jo ling, thank you very much. we have a few washington developments to pass along. u.s. professional negotiators are working what they would call a two-year budget pack. that would get us back the presidential election. in sync with the that you don't go into the drama when they come up with this or get a debt ceiling limit which seems to be every other month. we'll be hearing from officials in washington on this. this is something paul ryan has been espousing, even john boehner outgoing speaker of the house there has to be a way to take some of the drama out of this and political games man

invariably leads to government shutdown whether it is bargaining tactic or not. they are close to something that will do this at at a two-year time frame. we don't know what the white house or democrats in congress think but republicans doing something unprecedented, trying to beat a problem before it becomes a problem. we were talking about microsoft a second ago. what if i told you, apple, say as you will, is the reason people are getting out of the housing market? in other words all these rich apple guys and their stock they use as down payments to buy a house outright, they're pushing out everybody, everybody. really? ♪ can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management.

♪ ♪ (singing) you wouldn't haul a load without checking your clearance. so why would you invest without checking brokercheck? check your broker with brokercheck. >> connell mcshane back here with you. time for your fox business brief. we have signs that maybe the housing market is cooling off. new home sales taking a tumble last month. look at that drop, 11 1/2%, from august. historically kind of a volatile figure to begin with, but still a big drop in new home sales. we look at pricing, with median sales price, 296,000 plus. that is higher. certainly well up from the 260,000 a year ago. so prices have been going up. job creation could be a driving factor going forward. as we look at this housing market, only adding 142,000 jobs

last time around. not great. interest rates could really help. futures markets, we talked about early in the show. not betting on a rate hike until march at this point. looks like we'll have low rates hanging around. conflicting factors here. broader market in terms of stocks. we're mixed today. neil back with more "coast to coast" in a moment.

neil: it is very hard to compete

with guys who have a lot of stock. if you're in market for a house, and guy willing to bid on it with courtesy of a lot of stock awards or options he or she got at a company, you're kind of pushed out of that house. in san francisco a lot of folks are being pushed out of a lot of houses because they can not compete with all these apple workers who are in the same hunt but have very, very big advantage, a lot of cash, courtesy of a lot of apple stock, despite the fall-off recently is still a cash cow. we have analyst jeff taylor how that is affecting market. think about it same effect with amazon in seattle area and microsoft but disproportionately weighing on market now, isn't it? >> it is. look at san francisco, within 60 miles of the center of san francisco the average median home price is a million dollars. it's truly unbelievable. that is one of the areas where

it is cheaper to buy than it is to rent. neil: people are buying outright. a lot of these apple guys use whatever cash they accumulated, shares of stock to buy homes in cash. not all, but many are. skews the whole market, right? >> right. miami 62% of the all purchases are in cash. neil: is that right? >> 62% are in cash. that is amazing. you come into the marketplace, unless you move quickly and perfect credit which banks are looking for, that makes it very difficult. some of the reasons we're seeing millenials leaning towards renting. it is 23% cheaper. than most to buy rather than rent. neil: a lot of millenials might be different persuasion i guess if they worked i guess at apple. what do you make of all towns and cities that try to woo businesses particularly high-tech concerns in hope they boost job ranks? you better wish, think twice

about that, right? because you might regret it, boomerangs on housing industry, right? >> it is interesting. unfortunately like the natural where the jobs are where people go to. you have the millenial product down, keep harping on them, they make so much of the first-time home buyers market that hasn't come back. they have to rent. they don't know where the jobs will be five or six years. they still have family members and friends went through the housing crisis with issues. creates a little imbalance in certain parts of the country like san francisco and miami. neil: we have new home sales, down 11 1/2%. >> yeah. neil: and that's surprised people down that much. year-over-year, months of the year, still running about 17 1/2, 17.6% than it was prior months. that bumpiness notwithstanding, trend is still a friend or is it? has housing hiccupped?

>> honestly look at housing across the country stable and incomes rising quickly in some of the areas we're talking about. here is the issue that the homebuilders face right now. cost of labor to build is going up. areas that are most desirable, land prices are going up. when you target those types of prices, first-time homebuyer which is only 29% of the marketplace. that is more of a match. -- mismatch. builders have to be specific to build homes where they have buyers. neil: are lenders still being tough? are there still stringent requirements, appraisals and et cetera make it very tough for homebuyers? >> lenders are being very smart but here is something more counterintuitive people aren't talking about. i think you will see lenders getting a lot lose with the guidelines when interest rates go up. the more juice to make a mortgage loan, lenders will get back in more aggressively. the other stuff i follow very

closely is loan to deposit ratio. right now loan to deposit ratio isp generally high 90%. right now it is low 70%. they have money on the balance sheet for good, smart loans but they're not seeing any yield which is most attractive. neil: to which the rich benefit. thank you very much, jeff. >> thank you, neil. neil: we're trying to get more on this deal that republicans are cooking up to try to bring up with the rank-and-file about attaching some move to increase the debt sealing with a two-year budget agreement. in other words, they go through all of this craziness every year. josh earnest at the white house saying there has been no deal yet but that the white house is keeping a close eye on these developments. we're told republicans are trying to take this grenade off the table so they can focus on bigger issue. a two-year deal would take us past the election and thereby focus on other matters.

government shutdowns or approaching debt ceiling and leading to fiscal calamities and like. just take it off the table. we're not sure of paul ryan's position on that, but he is too a fan trying to take drama out of these budget issues. we'll see after this. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities.

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neil: there is a global survey talked to millenials, 18 to 34? roughly the range? globally. so they went to over 100 countries i guess? sort of read their mind and sort of like in the miss usa -- >> how did they read their mind? neil: stop it. when they asked miss universe what do you really want? world peace. world peace. fine, understandable. but anyway, they asked what is on their mind. turns out a lot of them, most of

them are worried about the economic equality, inequality, as a lot of them would see it amongst themselves in the world and they're sick and tired of it. we have our resident millenial, to maybe echo those concerns to talk about them. we'll beat up on her with the rest of us millenials. we have lizzie macdonald, and charlie gasparino. i want to go to you first. >> sure. neil: i don't believe this survey. because people answer with all the things they think she thud answer and things they think they should say? >> i agree with that. neil: this is not what i planned. >> i'm sorry. neil: this wasn't in my notes. >> i think it is a lot of times what we expect people want to hear from us. but i also think it might come down to, i haven't seen what the survey looked like. i don't think it was open-ended survey. here, pick one. they rank three top things we're worried about. inequality, climate change and education. neil: inequality and getting rid

of pbs. >> i thought you said something else. neil: stop it. >> sorry about that. but anyway, you know, listen getting rid of income inequality could be interpreted a lot of ways, not just in the guy which liberal fashion a lot of people think -- gooey. maybe millenial are worried about something quite real. the fact we have economic system in this country becoming more leftist. creating greater divergence between the rich and poor we have to do something to change our economy. so income is more evenly distributed. that the system works better. not in quasi-socialist thing that president obama is doing. that may be part of this. i'm looking at it optimistically. neil: you giving lineal half-full glass which is unusual for you. >> more than i usually do. >> to ahead. >> the act that they -- fact that they lumped two things together. socially we're more aware to

likely volunteer and we want a job we want to feel good what we go home. >> here is where i counter my argument, millenials have been brainwashed for years. this is the most brainwashed generation -- >> no way. >> by elite leftists in the world. elite leftists that control our universities -- neil: you and i lizzie didn't have elite, leftist professors? >> we were liberal but not as leftist. i threatened to kill some of them by the way. >> half of them said the national government is neither fair or honest. maybe that is something. neil: a lot of people are cynical about government these days. what makes your generation stand out on that? >> we've seen what is going on. everything going on in politics right now, the two best candidates in the republican aren't involved with politics. so i agree with that, millenials will say, we want some outsider. neil: most people your age don't look at republican candidate. go to bernie sanders or feel the

burn or whatever that nonsense us is,. >> you should -- neil: you respect her. >> i like the other two. what is her name, kat. >> my friend, kat timms. >> i give them surviving university culture. i went to graduate school at university of missouri. listen, they were liberal professors. neil: they're always been liberal professors. >> one second. they were not leftists professors. they were not indoctrinated socialists. that is what -- neil: are you talking about sandinistas. >> i definitely have seen that. i can't compare it to what you grew up with. i know -- >> do they talk about economic growth policies on your campuses? other points of view, besides liberal one? >> in undergrad we didn't discuss it. in law school, yes, it came up a lot. >> intellectual environment you guys come out of, the college environment is much more intellectually corrupt.

neil: i think where certain of this is bs. because everything is a politically correct answer. who did you admire, number one, nelson mandela. he passed away. i commend you for it. not you but business leaders, elon musk. that is good answer. >> why does that make sense? he hasn't done that much. neil: he is cool. >> cool. shows you, that is the level of indoctrination. >> i think they're answering, they're sincere when they say gandhi and bill gates. >> come on, gandhi? >> you remember back in the way way -- day, way back when we were idealogically pure and wanted to save the world coming out of college. >> you don't think this, lizzie, doesn't demonstrate the left has perverted and brainwashed? >> i believe that, yes. but. neil: everyone answers is survey, no, i'm just everyone answer as survey saying that the things they think people want to hear. that's what i'm saying.

>> do you think -- go ahead. >> nelson mandela. a great man. no offense, ronald reagan freed half the world. neil: didn't make the top five. >> think about that. >> are they sincere or making a choice to be cool when they answer? are they being sincere or cool? >> sincere. >> i don't know. neil: sounding like the lawyer you are. >> liz, they were brainwashed. ronald reagan -- >> neil thinks they're picking answers -- >> no, they're brainwashed. >> i could see that happening, this is what people want from me? that sounds good. >> ronald reagan freed half the world from communism. whether you like him or not that is true. >> you didn't hear that on college campuses in the 80's. >> by the way he is in top five? neil: no. >> what has musk done? built a company on bost subsidies? >> they're socially aware. they want to volunteer. neil: every generation does it. liz did i touched on it. there was a fellow doug wilder,

african-american, running for governor of virginia. he ultimately got in. polls had him up by 20 points. everyone said i would elect african-american as governor. turns out a lot of them lied. he squeaked in. he got in. my point a lot of, was one term. >> one term? neil: my point, give nothing away from, they give answers people want to hear but when they go in and vote- >> i don't know. >> i do think people, when you came out of college you were worried about fairness. you were worried about -- neil: absolutely. >> when my liberal professors allowed me to think out of the box. neil: no, they wanted to put you in a box. >> these kids are drones for the most part. liberally indoctrinated drones. neil: christie stands out. >> i'm sorry you couldn't beat up on me more. neil: don't worry. we'll find something else. apple under selling and people gathered at microsoft store in manhattan that is you had sy are cool.

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neil: oil and the pope join together on day cardinals and vatican, said to united nations, get cracking on climate change. may god be with you. not the force be with you. may god be with you. touche pope francis. to trish regan. trish: amen. neil cavuto. breaking news, donald trump finds himself under attack for his lack of specifics. welcome to "the intelligence report." i'm trish regan. speaking just hours ago in new hampshire, "the donald" with several hundred people was tongue-tied when it came to providing details how he would grow our economy. watch this. >> do you have a specific plan for how you plan on doing that. >> sure, i'm telling you. i will real negotiate our trade deals. i'm going to bring our jobs back. i'm going to bring our manufacturing back. >> but how? >> you can't say how. we have to renegotiate the trade deals. >> do you have a specific plan