>> his temper -- september the worst month market, 100 points. stuart: donald trump is out there in a leadership position and looking good and strong, that may help tax cuts. it is a rally. neil: an update on the development you alluded to, irma moving north as a tropical storm, 6 million without power across florida and georgia and some could be, some people could be without power for weeks to come, did make the rest of today. a number of characters staying at these resorts to entertain folks. markets are up on words about irma so the sense things could have been worse this weekend, by telling that to floridians and those dealing with a very

pricey storm, estimating irma alone will be among the top 5 most expensive storms in history, the ground in florida. jeff: could have been worse, not bad. it is an enormous storm, we are walking the beach, that is the gulf, not the ocean, that is the gulf of mexico, you can surf today and the wind has strung around, the storm has moved past us to the north, we are getting counterclockwise rotation directly off the gulf, this saved us from the storm surge yesterday. one of the things that made it not as bad as it could have been, storm surge instead of going into the land it got sucked out so coming back in won't be as strong.

no structural damage on the beach, with a category one by the time it got to the main population center, that is a positive, putting a positive spin on all of it but the headline is power, 62% of florida without power. as long as the wind is up the way it is, no one is climbing polls to fix it. neil: that is understandable. my best to you and your crew. people are assessing the damage and a lot of these areas including naples. how are you holding up? >> we are holding up. everybody is tired, frazzled, we are doing well. could have been a lot worse, you are correct.

the market is up today. on a serious note, it was pretty amazing, anxious moment when that i wall came through yesterday. neil: i cannot imagine. one thing, maybe this was a post 1992 phenomena in after andrew, a lot of building structures, business, personal and others reinforce to meet tougher standards. you can never make anything hurricane proof but you can make them hurricane resistant. it seemed to do the trick and a lot of florida naples included but i will take that. >> we have very little structural damage, tremendous wind damage, the power to 5 million floridians is out, we don't know when we will get

power to the city or the county. flooding, streets are still flooded, storm surge was minimal compared to what it could have been and what was projected into the back of the storm broke up yesterday. all in all we count our blessings. we can fix whatever we can clean up. we can replace sidings on the house if that was the case, or whatever but -- neil: you have your priorities right. the saving grace, not necessarily got away with something with a lot of damage but the fact the back half of the storm wasn't what you feared, might have saved the day. >> absolutely. i received a text message from the state manager 30 minutes

after the i wall past and he said no surge, no more worries about surge. i did a double take and called immediately, the back end of the storm broke up and we are going to be okay. we had some flooding but nothing like -- neil: we are dealing with so many reporters, myself included. you were trying to warn a lot of people it might be better to evacuate, the closer it got the more problematic. a lot of residents opted to stay. how did that go about people who stayed versus those who didn't? >> on both ends of the spectrum, i didn't hear any injuries that happened in naples or the counties.

it went well. we talked the other day. harvey was a wake-up call. they took seriously from listening to us and saying you have a place to go but they did. that goes into the thankful jar. neil: you were very calm throughout the process. if it were me i would be like barney fife but you were very calm and i wish you well. >> thank you. neil: be safe. a beautiful city and still intact city, naples, florida, despite all those fears ahead of time. there is another beast in that neck of the woods, hurricane josé in the atlantic. hurricane irma still lashing florida. joe pesteredi -- pesteredi, how

close behind on josé? >> it will make a loop north of puerto rico and start back west later wednesday and thursday and i think it will provide some anxious moments for the bahamas and the eastern united states, the large ridge of high pressure off the eastern seaboard which modeling generally underestimates, constantly says it will break down, you saw with irma the initial path the argument was is it going to miss the united states, kept adjusting westward, i think we may see the same with josé. i expect challenges from josé. i won't say will come back and hit the united states but something we have warned our clients about, from the bahamas up the eastern seaboard and back toward florida we keep an eye on that. neil: technically this goes to november 1st. how is it shaping up?

>> that we will see a downtick in activity coming up in the next few weeks compared -- this -- i know it sounds pompous but for folks who followed me late july, when that cool air started coming in late july that is what we were waiting for because the buildup of high pressure over the united states in the north atlantic and in the warm cycle like we were in the 50s it is like lighting a match to the hurricane season. it was like 2004 when it got cool in late july and august, hurricane started coming. you can see this coming. preseason forecasts we set a high impact year. what is happening now is you will see a reversal of the weather pattern so by mid-and late september the east is going to be warm, the west is going to be cold which means

more normal distribution of tropical activity. normal distribution of tropical activity mean we start to worry but josé is the last of the naming spurt with harvey, irma and josé, two hit the united states, the third one we may have to deal with you will see a downturn in the overall activity. neil: josé for those worried and shellshocked in the region including the greater golf, southeast atlantic region, what do you tell them about what they could be looking at in terms of that hurricane? >> it is going to be coming west later this weekend when it is on the west path i will be able to evaluate if my suspicions about that ridge of the eastern seaboard are correct. one problem with the modeling is they constantly try to kill that ridge. the us model tries to kill it by feeding the hurricane up into it. european model which is a good model tries to knock it from the northwest like it did with

matthew. at answer, what is -- i can anticipate we will have to face this fight. i just have to see what is on the playing field later this week. i suspect we will have a slow-moving storm this weekend near the bahamas that will try to turn toward the united states before it makes up its mind to go out to see. the storm doesn't make up its mind, the atmospheric pattern, one of these things where you are watching a pattern change. everything is changing like a jailbreak trying to figure out who will go where and when. we know later in the week it is coming west, we will evaluate whether i am on with you next week telling you to get ready for josé. neil: thank you for your expertise. we are not far, 80, 90 points

from a record on the dow. getting hammered on expectations of a storm or reversing that and those running up like lowes and home depot, not the contributors they were to stabilizing markets last week so construction related issues dipping a little bit but a lot of insurers, the type, that latter group that ensure the insurers, the fact that this will be an extensive storm but not as expensive as some feared, helping the likes of everest to regroup like wr berkeley, those financial tangent stocks benefiting from this even though jpmorgan said when all is said and done irma will be one of the most costly storms in american history, just not as costly as they feared. more after this.

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neil: smile, you are on camera, looters arrested after being caught on camera, some standing with swat teams to make the deck unknown. pam bondi promised if you pull stunts like these she will catch up with you. she is on the phone with us

right now. i'm surprised by these things, they are the exception rather than the rule but brazen at the time the state is in dire need. what do you think of that? >> it is pretty unreal to me as well. floridians are incredible people, they have been coming forward and i want to talk about some good that is happening. to start with the bad, in the aftermath of a hurricane of course people in florida, if you have contracting problems you will have contractors come to your house, they will have materials left over from a different job, don't give them money in advance. do not ever assign your

benefits to them from your insurance company. neil: are people doing that? talk about adding cruelty to cruelty. >> exactly. folks in florida, don't assign your benefits to any contractor. always talk to your insurance company first. if someone approaches you and wants to help, get estimates, unsolicited ones, people coming driving into our state and i am sitting here right now, our newly elected -- going to tell you he has no mercy for looters in our state. >> there is no tolerance for looters, nothing i despise more

than people who want to victimize people who are already victims and we won't tolerate it. we beefed up our police force and off-duty units, we are coverage and overt. i talked to the state attorney and he is on board, we will prosecute them to the full extent of the law. neil: there are places that can help, that are inaccessible, still dangerous to get to. that could embolden these guys. >> down in miami, down in miami, the patrol car, being arrested and newly elected -- going after them. we will show no mercy to anyone taking advantage of floridians in the face of a crisis. neil: what do you do to floridians seeing this who were leery about evacuating their homes, they did so and now seeing images like this and to

your point the only exception rather than the rule, people freak out, might be dangerous, what do you tell them? >> you got to listen to law enforcement and what they tell you and governor scott talking about this all week, nothing is more important thandown, it is go back to your home throughout our state, listen to what each city as chief and sheriff are telling you as to what to do. neil: even though there might be some people who want to ransack homes or businesses they will see where people left and roll the dice and go to

these locales, what do you tell them? >> that is our job, to keep their belongings as safe as we can keep them, to keep them and their loved ones safe, we are visible, make sure we can protect their belongings and the roads are passable, no electric light in the water, to avoid standing water, different intersections don't have power, make sure they come to a complete stop so we don't have accidents and injuries because of that. >> we are at the emergency evacuation center and i wish i could send you -- i will text you a picture later what we are seeing of amazing people working together and folks around the country, if you want to give, the american red cross have been unbelievable, that is the safest way to give. what they needed money, red cross.org. neil: thank you father for

taking the time. this is the exception rather than the rule but conditions like these bring out the worst. for the most part it has been more the exceptions and the rule. we are keeping you posted on what is turning out to be a big market rally. some calling it a relief rally, that irma would be far more devastating and carry far greater price tag. it is still too soon to say that but the fact the reinsurance industry better than $600 million on hand, and harvey and irma together costing 250 to $290 billion the consensus, just passing this along, more than enough money to handle this. after this. think your large cap equity fund has exposure to energy infrastructure mlps? think again.

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neil: we are 70 points from a record on the dow, closer to 80. it is incredible, even though the storm is less expensive than thought it is still expensive and between the two storms close to $300 billion. the insurance industry including those who ensure the insurers have plenty of cash on hand and have been building it since january 1992, they have $600 billion in their coffers. whether that is more than enough as market steam to handle this is anyone's guess. north korean missile test over the weekend, celebrating something probably going to be inevitable, there will be another north korean test and other things, you hope not. what do you think of this?

charles: we have a dynamic economy and keep it more dynamic than the growth in the obama years, we got to get up to 3%, a clarion call, but because we have potential to pay for this markets come back and everything evens out. look at the market today, a relief rally, no north korea stuff, the creation of whatever, the economy of their dictatorship, but also we have relief that the storm wasn't so bad so insurance stocks go up, relief there won't be so much building. some of the building shares at the home depot, construction supply companies go down, charlie brady lays all this out, that is why i know this. if you think of it markets have

a way of you filling out. because we are a dynamic economy weakened a - pay for this, i'm not saying positive here but there will be something economically positive, people put to work, we have money to do that. neil: goldman sachs being 2%, 2.8%, it will make up for future quarters. charles: here is one thing goldman sachs didn't report. they would say it will be 3%, if they believe there's corporate tax reform. one problem we have in this country's lack of growth. gdp is growing stagnant and it

was horrendous under obama with so many regulations, gdp growth picked up dramatically at the financial crisis, generally it bounces back so the excuse that i got the financial crisis, we won't get such good growth is not true because you had so much fiscal and monetary stimulus should of bounced back, there are head winds, trump will take those regulations back, helps with gdp. >> it helps the case that this market rally can continue longer than would otherwise be the case, the economy since the tempo. charles: defies the cycle, not a normal cycle where it goes up and down there is some of that because what happens in the cycle is people get ahead of themselves and you lose gdp. we didn't have that sort of

bubble though the stock market is pretty high. charles: neil: a unique case but through the storms in the past, harvey and irma, through the north korean threat, the markets have held up remarkably well. charles: i think they don't believe north korea presents an accidental threat to the us even discounting it in terms of the korean peninsula, not saying they are right but with these storms, fact you do have spending after the storms, insurance companies kick in. you have a keynesian push that occurs. and i am not saying a lot of loss of property and life. neil: tax cuts are not what they

saw, getting corporate rates out of 15%, what if it is closer, everyone over the weekend a number of republicans say we get to the low to mid-20s, i don't know if that is a drop from the rate advertised at 35%, not realistically is that. i don't know. charles: they keep the deductions they have like the interest deduction on corporations down 22, pretty good tax cut. of the 20 they removed that. the real bang for the buck is not going for the buck. charles: if they do take deductions on the corporate rate and bring it down 25, might be a tax increase because the effective rate is 27. neil: upper income might not get that relief but got to whether if what we are expecting might

be a disappointment. charles: the market will sniff out the tax-cut, short sellers, my sources saying where it has to be for us and the earnings. neil: a great story has the president all but ignoring, look at those plans -- forget about it. he is not long. charles: the president's seating him. neil: based on his reaction. charles: what he said, if you look at it last night on 60 minutes, rubbed it in, if you want to stay with the administration you are on the team. makes sense if you want to be there. my guess is they keep denying it. neil: doesn't even look again. charles: don't know about not looking but he is seizing.

neil: obsessions for a wild. charles: he gets over it. the one thing about trump is everything is in flux. steve bannon handed in his resignation letter a week before he was gone. he could have stayed for six months. neil: what about gary cohen -- gary cohn? charles: he was thinking about it but according to the 60 minutes interview and others, drafted a letter, said this is -- i want to leave batson point. he could have stayed another six months, he couldn't. neil: if you draft a resignation letter you got to follow through. charles: he not only drafted a letter of resignation but he said fire me. he gave that interview to the american prospect and went off. >> what is catching up on this? >> i don't give a rat's --

neil: thank you. be careful. over the worst in florida but people without power, very hot and sticky state, 6 million without air-conditioning, or to cook or put their lights on, that is a dislocation and that is an understatement. the fallout they are feeling that we may not be appreciating. ♪

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point, rebuilding after hurricane wilma 2.5 million customers lost power then, took 18 days to restore the majority of electricity, some were without power as long as three weeks, there are utility workers in place ready to start rebuilding but conditions have to be safe for them. there are 17,000 utility workers from 30 states, canada as well stationed at 20 sites across florida so they are just waiting but the winds have to drop, floodwaters have to reseed for them to go in and reconnect everything. hundreds of polls were snapped in half, some substations, part of the electrical system destroyed so in the past decade florida utility companies spent billions on infrastructure, replaced with concrete ones, real-time water monitors,

substations installed but utility reps said that can't prevent outages but only limit damages with the idea power can come back more quickly, given irma's size and strength companies were preparing for the worst, electricity, phones, internet, tv all weeks away. charles: florida power and light chief communications officer robert gold, a significant buddy, not his fault or our fault, it is what it is but surprising it is happening. thank you for coming. what is the latest in getting that power back? >> we are attacking this heavily, very aggressively. we increase our component of restoration workers, 19,500 restoration workers fanning out.

now that the wind has subsided below 35 mph our bucket trucks, we are getting about the business of assessing the damage. we have a small army we pre-positions, the largest force we ever pre-positioned in our company's history, we believe in us history, to respond to any kind of restoration effort and we are putting those folks out, we have 3.5 million customers out of service right now in the spl service territory which john's difference from georgia to the keys and tampa. if there's any good news in this we have been able to restore 1.5 million customer outages and that is an outage a customer may have seen more than once or twice. due to the automation in the system over the past decade, automation and investments.

>> the facility where you are can withstand a category 5 but that doesn't guarantee the feeder lines that go into the this can hold that because they are coming from everywhere. >> just because you see underground lines, those lines come out above ground. what we are telling our customers, this will be a very complex restoration, every bit of our 20,000 mile territory, 35 counties, we are under irma's attack. we are still seeing tropical storm force winds in the northern part of the territory, saint augustine and daytona beach are experiencing significant weather. we are saying this won't be a normal restoration. on the east coast it will likely be a repair effort meaning we

won't see wholesale concrete polls coming down for a while but to the west coast very different situation. we will be seeing potential for an entire rebuild of our energy infrastructure and that could take weeks to rebuild. >> you have work to do, thank you very much for taking the time. it is what it is and things could be worse. a lot worse for the dow. a marvel we are up the degree we are, 50, 60 points, a lot born of the belief that things could be a lot worse so insurance stocks are back and those that expect to be hit hard on the view that we would get an economic hit from this well beyond areas that have not materialized, more after this.

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let's look at the moves, florida related insurers like federated universal, united insurance, jumping after last week when many of them lost 10% to 20%, federated was down 20% last weekend looking at reinsurers, rated as irma was a catastrophe but could have been worse and the reinsurers experiencing the same sort of trade, they are higher today, they are a small group, they have to buy reinsurance to broaden their risk and handle catastrophic losses so they got hit last weekend in the end they are bouncing back after taking it on the chin and the opposite is happening on the construction and home-improvement stocks like home depot. neil: pedallides at the stock

exchange, we are not the only ones breathing a sigh of relief, so is puerto rico, citizens back from the caribbean islands, governor, thank you for taking the time. how did puerto rico fair from the storm? dodged a bullet but didn't dodge any harm. >> we have been working diligently with the president of the united states who has and i on puerto rico, being very prepared with shelters ready, on this side of the island, disaster areas, focusing to keep people safe. neil: the americans you are helping through the virgin islands or where exactly? >> saint maarten, virgin

islands, possibility today as well. we want to make sure we are handling it, us citizens can come back and say no that in puerto rico they have a safe haven. the past 48 hours, 1000 us citizens in puerto rico, make sure they are able to get it. neil: very generous of you. not surprised. you also helped them get back home. does that mean the san juan airport is open? what is going on? >> we opened san juan airport 38 hours ago. the national guard, people have been helping, taking different

planes, charter planes in, us citizens out of harm's way so the past 48 hours there has been a big turnover of citizens coming here and we hope they are safe. neil: in the meantime, josé is the latest one spiraling near your neck of the woods but no one knows where it is headed. you got any more updates on that? >> you become an amateur -- what we saw, josé was going somewhere, seems to be going in a weird pattern in the atlantic but apparently not going to hit us and might be some danger to the east coast of the united states seeing the weird pattern.

neil: thank you very much. puerto rico's governor coming via skype from a country or commonwealth that just dodged what could have been a serious bullet, still hit fairly hard but not as hard as many thought, seems to be the consensus when it comes to florida, as badly as it was hit it could have been worse. try telling that to 7 million without power. florida power and light serves southern georgia or part of its customer base and they are among the 1 million or so affected by a power outage. the storm closer to crossing $290 billion combined but not nearly the feared half trillion dollars combined so everything is perspective. more after this.

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in the aisle i want, not some car they choose for me. which makes me one smooth operator. ah! still a little tender. (vo) go national. go like a pro. neil: prowling in and out of florida will be tough, miami international closed after significant water damage, might be 13,000 flights that have already been canceled. carnival, royal caribbean will resume cruzs in and out of the florida area tomorrow but that

might be wishful thinking. 7 million are without power, that includes folks in southern georgia. all of this as stocks are rallying up, 60 points on the belief it could have been worse but try telling that to folks on the ground concerned with a lot of trouble, a lot of water and a lot of no power. jeff: the positive it is more inconvenience than catastrophe but this is emblematic of the damage we are seeing, this is an awning coming goff, so it doesn't bang around, this is the kind of thing we are seeing, trees down, power lines down and no surprise they won't go up anytime soon. we still have an angry golf, a lot of wind coming goff of the

gulf and other things to show you. this is st. john's pass. it is not an ideal size but that is the pass, essentially a little river and there are waves in the river because the water is being driven in. it appears to me even at high tide which is three or four hours off you won't have serious flooding. still, as i said, more inconvenience than anything else but a big inconvenience when you are talking about the entire state of florida. neil: a lot to focus on other than rebuilding efforts and getting things back on track. we hope to talk to the former fema director on that but i have michael berry from the insurance information institute.

the tabs on both storms, harvey and this one, still under $300 with, but that's still a big chunk of change. >> the industry started the hurricane season in a strong financial position, very well capitalized, $700 billion, b is in boy -- neil: is that right? and that has built up really almost undeterred and uninterrupted from '92, right? >> i wouldn't say -- i would say after '04-'05 particularly in florida, no doubt. what would katrina have cost today, $50 billion in inflation-adjusted numbers. second would have been andrew which was about $25 billion in today's dollars and sandy was third at $20 billion -- neil: so andrew, that was a nasty storm, category five. but since a dozen years ago, 2005, we haven't had any of significant note, right? and that did help the industry? >> no doubt, no doubt. that helped, and particularly in

florida. you had more than a decade where there was no major hurricane making landfall. in fact, it's almost forgotten that hermine last year hit tallahassee. neil: oh, yeah, i forgot about that. >> but matthew didn't even hit florida, but it created more than $1 billion in insured losses up in places like daytona beach. so the florida insurers, and this is another thing to keep in mind, everybody in the property insurance industry understands that they have to spread their risk in florida, that's why no single property insurer has a double-digit percentage market share. neil: is that right? is that by design? >> i would think, yeah, they've seen the past performance charts, and they want to make sure they don't have too much market share in one of the most catastrophe-prone parts of the united states. neil: is it your sense though that -- and i know i was mentioning andrew in '9 2, but ever since that storm and those that followed, you can never make yourself, i guess,

hurricane-proof, but you can make yourself more hurricane-rhesus about the. and we've seen that -- resistant. and we've seen that play out in the number of businesses and homes hit by the storm. hit hard, i'm not minimizing that, but could have been hit a lot harder x that mean keep the damage costs down. what do you think? >> that's true. the building codes in florida after andrew got much better. there's been a lot of coverage on that, and that's one of the concern. neil: what are they built for now, minimum category three? >> it's not only, that windows being wind resistant, a lot of them get discounts if they put storm shutters on their win des -- neil: right, right. >> and a lot of floridians, even though it had been quiet in florida, a system like this was going to happen -- a storm like this was going to happen in some place. it was quite extraordinary but, again, i think the florida property insurers were ready for this, they have the financial wherewithal to meet their obligations. i know we're still trying to

figure out what the actual -- neil: right. guys physically have to get in there much as texas and points in houston where you were feet underwater. so that could take some time, right? >> that could take some time. the other good thing, i think, for florida homeowners, standard part of a policy has additional living expenses. so there is a provision in a standard homeowner's insurance policy where there are monies that the insurer pays them for temporary housing if they're out of their house and their house is uninhabitable because of a wind storm. neil: what if they've been a place where it has a voluntary evacuation, they don't have to leave, but it's best that they do. they're still covered? >> again, not for the time away from their home because of the evacuation, they're covered in the event their home has been made uninhas been about. neil: but let's say just florida for the time being, does this make the area more of an insurance question mark and one that you'd have to charge higher

premiums going forward because the risk just went up? >> well, i would say that the policies already there were -- neil: they're in place. >> were priced to reflect the risk, and the closer you got to the coastline -- neil: but new ones coming in will have to reflect newer realities. >> it is conceivable, especially since they're based on the anticipated losses statewide. it is conceivable that this -- neil: those that were outside the so-called flood zone would never need to get flood, now there might be, right? >> it is conceivable. fema sets the flood maps, and who has flood insurance? for starters, the people required to buy it as a condition of getting a loan to purchase the property. neil: right. >> if you're in a designated flood zone -- neil: now banks might look more askance at people who don't have that, right? >> it is conceivable that as you get outside -- flood zone, lenders may well look to seeing that you have flood insurance in place, that is possible. neil: i have a feeling that's

going to be happening. michael barry, very good seeing you. joe albaugh was a former fema administrator, he joins us right now. joe, good to have you back with us. i mean, assessing what you have how fema has handled this, still early on, on top of what's been going on in texas, generally high praise from democrats, republicans alike no matter political affiliation, a good deal of cooperation that stood the test even through this storm. what do you think? >> i think everybody's done a great job, and i appreciate everyone not doing the second guessing and the back stabbing that you've seen in previous storms. and one of the things that's evolved over the years, started in the late '90s, is the ability to preposition. and that's all about the strength of the relationship between the state, local and federal government. but you've seen also two big states who are very good at

this. neil: right. >> so fema needs to share the kudos with florida and houston and, to a hesser extent, louisiana -- lesser extent, louisiana. but all the states in the southeast do a pretty darn good job when lives are at risk and property's at risk. neil: you would remind me, people always think if fema has funding issues, that all of a sudden it can't help. they more or less deal and help and then settle the cost issues later with uncle sam, right? >> very much so. no one should be talking about money right now. we still have an active tropical storm that is very deadly, and there are parts of north florida where the water is still rising in some areas because of the counter-circulation of the winds, the northeast part of the state. and then we're going into georgia, south carolina, north carolina, tennessee. so let's not talk about the money, let's worry about the lives. that's what we're supposed to do, take care of individuals who

cannot take care of themselves. and i'm proud that floridians watched the lessons that they may have learned in texas and louisiana because of harvey, that they took responsibility for themselves and listened to local leaders. and that's what they need to continue doing now. listen to the local officials about when to return to your home. neil: you know, a lot of those people who have left their home either voluntarily or had forced evacuation, they get skittish when they see this video -- and i think it's rare -- of homes and businesses that are getting looted. and they say is, oh, my gosh, i've got to get back. what do you tell them? is. >> right, right. i'll remind everybody that first responders, a lot of first responders all over southern texas and throughout the state of florida have been at their job trying to rescue folks. even during the darkest hours, they're trying to do that. so that's a big inhibitor to the idiot stucks who are the looters

out there. we really don't have time for those folks. they need to be caught, prosecuted and punished according to the local law. but again, individuals who have been harmed, they need to think about using their smartphone and registering with fema, disaster response -- disasterassistance.gov, disasterassistance.gov, or calling 800-621-fema. neil: all right. good, wise words to live by. joseph, thank you. very good seeing you again. >> all right. neil: in the meantime, more on jose, still out there, by the way. no one knows for sure where jose is going, but jose is out there. after this. ♪ ♪

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measuring in the keys, not a lot of land mass to do that. radar wise, i tell you what, everybody in the state of florida got this except for the far west panhandle, and now we've got this storm in across parts of georgia and south carolina. and where you see this yellow here, that's very heavy rain and strong winds. a wind gust at the atlanta airport of 51 miles an hour. all of the eastern seaboard, the storm makes landfall somewhere on the west, but the eastern seaboard dealing with intense amounts of storm surge. rainfall totals have been high, and rainfall totals will be in the maybe 3-5 inch range with a few isolated spots higher than that. but across a large area on the coast, that's a lot of water that wants to run offshore, but the problem is the winds are moving onshore and not letting that water that's draining from the land go because the water level is higher out here across the coast. so we're seeing all these images of flooding in downtown

jacksonville. we've got big flooding going on in brunswick, up towards savannah. we're going to see gamings at record levels, this is going to cause record-level areas at some of those tidal spots. charleston, same story. so the rain and the wind are problems here with us. in fact, we're going to see these problems go up here over the next few hours. by tonight, the wind pressure kind of relieves just a little bit, and things are going to be better. you mentioned jose here, there is this other storm that was a major hurricane. it went very close to the lesser antilles, and the track of this is a little bit interesting. if you look at the center of this, it loops around here, and by sometime this weekend -- at least as of now -- puts it somewhere here off the eastern seaboard, maybe down in towards the bahamas. not a lot of certainty in this track. it will tell you overall, neil, most of our model guidance eventually pulls this off to sea and does not have any impact in the u.s. there are a couple of models that do show it getting much closer.

we have plenty of time to track it. don't want anybody to panic, but we will let you know if it is something we need to start taking seriously or not. right now, we do not need it, nobody needs it anywhere. neil: i'm only going to worry when you're worried. then i'll worry. >> reporter: there you go. [laughter] neil: record storm surges in downtown jacksonville, so quite a bit north here in florida. fox news' peter doocy is there with more. hey, peter. >> reporter: hi, neil. as you know, jacksonville was never really mentioned as one of the places that may take the full force of irma's wrath, and that's probably why we see a a lot of businesses that are now getting flooded that don't have sandbags or other protective measures out in front of them. but the water has been continuing to rise, and it's deep enough down by that sign at that intersection of ocean road at bay street -- which is where i'm standing -- that i just saw somebody swimming a freestyle stroke in the middle of the street. that's a place where a car had their engine flooded a little

while ago, the car was just towed away. we just now in the last few minutes got the power company here, about 20 or 30 minutes actually. but just in the time they have been here working in one of these buildings, the water has continued to rise to the point that these guys might have a hard time getting back to their vehicles. you look out here though, we are two blocks in from the st. john's river which is expected to finally reach its highest point about an hour and a half from right now. or, rather, about a half hour from right now. so the water is continuing to come in from the river which is two blocks away. you can see there's the archway of a hyatt regency in the distance, that is supposed to be a riverfront hotel. but, obviously, the river is supposed to stay on the other side. i called over there before, somebody picked up the phone and said a handful of employees have been staying there, but they're completely closed indefinitely. if they needed any kind of help

in terms of lodging to call back on friday at the earliest. so the mayor described this as a category three surge even though it didn't hit as a category two -- category three in terms of the winds and the rainfall. but you're starting to get a sense of why and some of the damage that is going to be left behind once this storm leaves. there are a lot of people calling 911 for help. the last update that we got, 600 calls, about 60 an hour. most of them, we understand, were for rescues. there were some people who were not evacuated just yet, and the mayor was telling them you can call 911, we may not be able to get to you, so just put a white sheet outside of your door so when it is safe, we'll look for the white sheets, and we'll know that that is where to go. they also said if you're in your house and the water continues to rise, don't go out, go up. so the water has been rising

very quickly since this morning. it's still continuing to rise, at least that's the forecast, and now we wait to see if anybody who did not heed the evacuation warning is going to need help getting out, neil. neil: wow. peter, just trying to hear what that poe hotel was telling you about not being addressed boarding concerns until at least friday, and i play that out against businesses and hotels all across the state, that's getting to be a big bill. thank you very much. that is another reason why jpmorgan, by the way, that this will end up regardless of the lesser than feared kind of results of irma, still one of the five most expensive storms on record. on the phone is an orlando resident and stock market strategist gary call palm. >> hope it's not going to be a bigger number. i was looking at the state, it's 500 miles north to south, 150

miles east to west at its most, and the storm basically hit all of it. and then you add in 1350 miles of coastline and 11,000 miles of waterways, there can be some serious damage done both with the wind and the water. so keeping the fingers crossed. but i must tell you, i'm just thinking key west, because identify been there a -- i've been there a lot. i'm just really worried that's going to be a real big doozy down there. neil: people are relieved it wasn't worse, but it's still pretty bad, and it's still affecting areas like orlando, normally not buffeted by these storms, but getting its first introduction to one. what's the fallout there? >> well, we had three of them in '04 in quick order, and i must tell you that the preparation for this one -- at least here in orlando, i can't speak for everybody else -- was just over the top fantastic. people were preparing last

weekend. i think that's why it's gone so well. you know, we got hit pretty decently. i think there's a few hundred thousand people without power, we're seeing, you know, a lot of trees down, power lines down, so we'll still see in the next couple days what the deal is, but we're pretty much ready here. as far as airports, they're going to let us know, maybe tomorrow midday. still haven't heard anything on the theme parks, and due to the fact 68 million visitors were to orlando last year, that's a pretty big part of the economy, so that's going to be watched very closely too. neil: gary, this is also in your neck of the woods, goldman sachs was estimating because of the economic hit in florida and texas from harvey last week, it's going to shave almost a full percentage point of growth, but that it bounces back in the future which would be in keeping with the way these storms sort of fan out and even out. do you agree with that? >> i agree 100%. and it's very simple. knock it down, build it back up.

that's been the m.o. of this country almost everywhere. now, of course, there are going to be things that are not put back up. i can guarantee you there's going to be changes in the flood zones, especially in texas. we'll see about florida. but, yeah, you're going to see a nice 1% down, but you're going to see it right back up in the next two or three quarters, and you will notice a good bump in stocks like the home depots and the whirlpools and the sherwin williams and even concrete stocks and things like that. i'm at a hotel right now, and the facade came could be, they're going to have to fix that. you multiply that times whatever number, and you're going to see a lot of spending going on. neil: thank you very much, my friend, be safe. gary kaltbaum in the heart of it all in orlando. but, again, we will get through this, floridians get through this. and we're reminded on this day, of all days, 16 years ago that we have a history of doing that again and again. after this. copd makes it hard to breathe.

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>> here on the west side of the pentagon, terrorists tried to break our resolve. it's not going to happen. but where they left a mark with fire and rubble, americans defiantly raised the stars and stripes, our beautiful flag, that for more than two centuries has graced our ships, flown in our skies and led our brave heroes to victory after victory in battle. the flag that binds us all together as americans who cherish our values and protect our way of life. neil: the president speaking on the 16th an verse roy of -- anniversary of the 9/11 attacks. a live shot of the freedom tower where the world trade center once stood. what's remarkable is on weekends, it was almost kind of

a ghost town because it was associated with finance and business. so not much happened on the weekend, anything but now, ironically, because of the freedom tower and the 9/11 museum and all the industries that have built up around that and remembering that moment and keeping it alive and keeping it fresh in people's minds. it is doing that and then some as are events to never forget those who were affected by that day 16 years after that day. lauren simonetti on one such example. lauren? >> reporter: neil, it's such a sad day, but it's also a big party here. just check out the floor. henrik lundqvist just entered the building, you can here the deejay in the background. this is bgc charity day. they have raised in the past 12 years that they've been doing this charity for victims of terrorism, natural disasters, raising for hurricanes harvey and irma today, they've raised $137 million to date. so you see presidents like bill clinton this year, donald trump

last year, celebrities and athletes coming out to raise money. i did speak with new york giants' quarterback eli manning moments ago, and i asked him about what j.j. watt is doing for texas and if that's what nfl ratings really need right now. do you think they want to see what j.j. watt did and not what colin kaepernick is doing? >> i think that's a better story to the fans. see the good things that are happening. there's so many athletes that are doing great things for their communities, for this country. and, you know, it's setting great examples for how to use your spotlight for good causes. >> reporter: so eli manning also raised money for superstorm sandy, has a charity for kids with cancer. such a beautiful event, 16 years ago we're remembering this sad day, more than 650 mens of this firm lost their lives. i was talking to lorraine brach

coe this morning, and it all came together. it's harvey, it's irma, it's the anniversary of 9/11. and it's so great. honestly, it was great to see bill clinton on the floor this morning as well. neil: yeah. we're united by a lot more than divides us. thank you very much, lauren simonetti. of course, what new york was famous for days afterwards, republicans and democrats stepping on the floor outside the capitol to sing the national anthem together. that was then, a lot of people said it couldn't be repeated since, but actually it has. a hot of natural disasters we've seen play out just in the last couple of weeks, in texas and florida. so it's in us to be reunited and do the things that go beyond politics. so the lessons from that 16 years later and punctuated since with independent forum senior policy analyst patrice and gop strategist gianno caldwell. we might have seen the first

hints of bipartisanship whether it was well-telegraphed or orchestrated by the president or not to work with democrats to come up with more bipartisan support to raise the debt ceiling, provide aid to victims, maybe get some help on tax cuts. so the spirit is alive, but is it going to deliver? what do you think? >> well, neil, i got a fox news exclusive, so listen very closely. donald trump has demonstrated that he's willing to go at this alone or even with the democrats if republicans don't get onboard. so that's the exclusive here. i think that president trump will continue to try to make deals where he can, because i'm sure there's been a feeling throughout this white house that there's stagnation. he made a number of commitments on the campaign trail that he was going to deliver on, and the republican caucus hasn't been able to deliver on repeal and replace of obamacare, pushing tax reform by, i think it was august we were looking at initially. there's a number of issues that have not gotten done, and

trump -- i'm sure president trump saw that he could make a deal with the democrats, although i didn't want agree with the deal, the merits of the deal. it wasn't conservative. it didn't cut spending, and it took the cap off the debt ceiling. but i think he sees some real promise at getting something done, and i think that's what we're going to continue to see from this president. neil: i don't know if in the spirit of bipartisanship, patrice, with democrats and no republicans is the answer, but i understand what gianno is saying -- [laughter] maybe this president is sensing this is an opportunity that might force both party toss reconsider their often-intransigent positions. what do you think? >> i think it's interesting. he pulled a maverick card, and we just with heard senator john mccain today saying this is in the a bipartisan move at all. so there's a little bit of irony there. it's important that we do get tax reform, and i think americans are looking for that. particularly key demographics you want to move like young people and like women who manage the household budgetses.

saving $1,000 a month is going to be big when we're considering our, the things that we pay for. but the problem with this deal is it pushes a lot to the end of the year, and when we consider we're going to be dealing with another fresh budget fight along with what to do about obamacare taxes and daca, it's going to be another contentious holiday season. so happy holidays, i guess. neil: gianno, i wonder when i see events like these and we're reminded 16 years ago what happened, i know you guys were still in grade school -- >> hardly. >> i was in high school. >> i was in college. neil: i'm joking, but to make the point that you're very young, a i am joking to make the point you are very young and the point is as well. a lot of people think this camaraderie is fleeting. it is more the rule than the exception. what do you think? >> there are a couple different

elements. i was a freshman in chicago. i remember is that day quite well, we pray for the families that were affected. democrats want to see movement on tax reform. a representative from illinois on the ways and means subcommittee has been reacheding out to democrats, some level of bipartisanship, what democrats don't want to see is any lowering of taxes for the wealthy but lowering of taxes for the middle class as reported. so there is potential obviously. we have seen there being a lot of possible bipartisanship, we only saw one item get done last week. i'm not holding my breath but i

am hopeful this is one issue democrats and republicans can agree making the tax code simple. >> providing relief you don't the democrats or republicans suffering but human beings. there is resistance among the parties extreme bases, conservatives on the right and liberals on the left, there is a resistance to look like you are giving your blinking. do you think that makes progress slow? that is still out there. >> the extremes to hold enough power to slow down like obamacare repeal or other instances on the left. there may be enough coming together, the president is not playing games and when it comes to tax reform they need to come together.

i remember september 11th, unity was beautiful in this country, doesn't mean we gave up our differences. adjustment we came together against a common threat. when we look at tax reform we are talking prosperity. i think that should be a way to stand together with differences on the margin. neil: i want to thank you both. >> real quick point, if you thought te steve been an interv is really going after the establishment. neil: we will see. i want to thank you both very much. in the meantime, in the meantime

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neil: i don't know if this guy is a genius or just crazy but is videos are stunning. a miami resident riding out the storm documenting every step of the way, better than most tv crews, fox notwithstanding. good to have you here. >> thank you for having me. neil: what made you do this? >> a lot of people i knew evacuated. i was doing it for posterity. i had a lot of family, i started

recording it and gained 5000 followers over the course of the day, i had videos on cnn and the weather channel, doing it for my own sake and the whole world, i was getting messages from spain as brazil and france asking for more and more so i did what i could. neil: obviously flooding occurred on stairwells. you want to remind people that every day nuisance problems and beyond what happened with storms like these a lot of people because that is the practical stuff they don't see in these sweeping videos. that part of the mix. >> difficult to convey the images about wave heights and how strong the wind is blowing. that doesn't appear on a video. i tried to capture, put myself

next to something, i was posting videos next to me next to a tree to show how high out of the ground they are. just normal stuff you can put in layman's terms to appreciate the strength of the storm. neil: did your family see this stuff? and say we are worried? >> yes. i was getting notes from my mom. neil: put the camera down. >> even today, can you please call me, are you done with yes yes? a lot of people reaching out to me during the storm, get out of there but i stayed. neil: what are you seeing? people say the worst is florida, florida got off lucky, could have been worse and statistically that is true but it looks bad to me. what do you say?

>> it is really nice, no breeze or anything. i was posting some videos, there are a lot of downed trees, places with 80% of miami-dade county lost power. i saw a lot of power lines down, localized flooding, water in the streets, some places where they have more trees as opposed to palm trees, there is a lot of that down. people across the bridge, miami beach, until tomorrow afternoon, there will be a lot of impacts in coming days. the city will be back to running condition wednesday, then weeks of cleanup still to do. the amount of trees in the street, branches and leaves. neil: already we are hearing they want schools to reopen by wednesday. it doesn't look possible to me

but you are there. >> i don't think they would be able to. some places were lucky. i heard reports that miami was lucky. i was posting videos, there's a lot of boats in the harbor and the marina. those boat owners were upbeat. neil: very good point. thank you for all of this. you opened up any parts we don't normally see. here is something to consider, the dow racing ahead not far from all-time highs and apple up over 1% ahead of a big announcement tomorrow. they are more joined at the hip then you think, explain.

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neil: we are 60 points from a record on the dow on the belief it could be worse. that is the consensus read. what do you make of this? >> reporter: i hope it is more than the assumption the storm wasn't bad. the assessments will go on for a long time. we are down on news about north

korean news about the feds and these storms. there is a lot of pent-up demand, the market is grinding higher continuing to do that. until that changes in a dramatic pattern we only get 1% or 2% and grind back higher, the market is still strong, earnings were good and this won't derail us for the time being. neil: prior to today market held up well in the face of these storms and their advance and north korea and global tumult and all of that. they have a mind of their own to keep grinding upward. what is driving it at its core? >> certain sectors have been leading us all along. there was some hospital names and reinsurers, other sectors held us up but today they are all strong. utilities are strong, financials are strong, they were down,

leading the charge today, apple is you mentioned earlier, people anticipating good things out of apple. and into that buyback, that is what we will do. certain sectors will change and you have to be nimble in your s this year? >> we did talk about that when we said there is so much more for washington to deal with us will offset, there is an immediate need and that is what america needs and wants. now we are talking what is going on with said. that is not supposed to be part and parcel with what is going on in the government but it certainly is, stanley fisher leaving and another opening occurring come all these things

you have to take into consideration when you talk about this. tax reform is pushed off and we will see it further down the road. we are still going to sees this. neil: even if pushed off it is not written off. >> we had good news, the debt ceiling, bipartisanship, that was good for the market, look at tax reform but it is further out, no way we can talk about it at least in my opinion. neil: thank you very much. it the stock exchange, apple shares rising in anticipation on that phone lunch tomorrow, the appleton. apple 10. adam leschinsky, very close to apple and a chance to talk to tim cook and others. what is your sense about tomorrow's announcement?

no disappointment in that announcement, this phone is to deliver the goods, changes to the iwatch to make it friendlier, what do you anticipate? >> apple in all the time i have been following the company has never been price to perfection, relatively cheap stock compared to highflying tech stocks. even for apple to grow quickly the big news is apple will price this phone at $1000 subsidies and people said that is too expensive. 100 people will pay and it is not the only one. you can buy a less expensive phone but that is what you are seeing in the market, market agrees with that assertion, people will pay and that is good for apple. neil: the number will pay depending on what it is worth with those not in the same

numbers by the samsung galaxy node. that price barrier isn't what it was but a big hit for a lot of folks, you think people can absorb that? >> what apple has done so well with the iphone is they won't go cheap. samsung, $130 range, i don't think anyone expects to sell tens of millions of these phones, they have to sell just enough to establish the high price point and their sweet spot is $300 less which is still a lot of money. far more within reach. neil: you do you think they have to manufacture these shortages? i get cynical about that.

>> where they have done for years is manage obsolescence. it lasts a long time, what i do believe is when you bring up the newest phones it is very hard to get it right so they can't do large volumes as quickly as they like so they aim for a small number and in the market for a year or so the yields get better and better. neil: doesn't get as much press attention as it should, bringing the watch up to speed you might not need a phone, almost changed to it to be effective. >> the rumor that is undoubtedly true is it will have self-service connected to it which currently it doesn't,

connect by blueto. to regular companies that would seem like a huge problem. to apple that would be a victory, i don't feel they need a laptop because the phone is powerful, one of apple's hallmarks. neil: you got into this idea that apple needs a foundation like the bill and melinda gates foundation and he pooh-poohed the notion that it would be more harmful, paraphrasing him but what about going that route? >> i think of mcdonald's has a mcdonald's foundation and he said i thought this was classic apple, if you start a foundation you tend to think of that

foundation is over here with separate people doing good works. i would rather if we are going to do philanthropy or make the world a better place we think of it as apple doing that and said to me i recognize we are missing out on some tax benefit doing it that way but i don't care. neil: it makes sense and the cash might be a tight stock for lower taxes. >> for the purposes of this interview, a fortune feature on how businesses make the world a better place, i stuck to the script. if i didn't get anything on that, it is my fault. neil: thank you very much. adam missions key at of the apple announcement tomorrow that could define where the company goes, stock up recently as is the dow, more after this. think your large cap equity fund has exposure to energy infrastructure mlps?

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so let me get this straight. you're a rabbit? im vern, the orange money retirement rabbit, from voya.

riiight. and that means...? i'm the money you save for retirement. i help you get organized so your money could multiply. see? got it. who's he? he's green money for spending today. you know, paying bills, maybe a little online shopping... makes it easy to tell you apart. that, and i am better looking. i heard that. when it's time to get organized for retirement, it's time to get voya. >> an update for you we are waiting for a white house briefing that will come about 30 minutes from now. we will also get an update on these markets as well because they are while on pace for near record territory. a big sprint sprint that has insurers moving forward. even some of those construction issues. that we are down on belief that there would not be that much expected business for them again much depends on how

the next couple of hours ago. much of southern georgia and florida is without power. 20016 points as we watch tropical storm irma had up towards georgia. all of the severe flooding. you also had downed power lines jacksonville hit especially hard. 5 feet in flooding. they are warning that the water levels will continue to rise. that will be a real concern going forward. welcome everyone to the intelligence report.