Skip to main content

tv   Cavuto Coast to Coast  FOX Business  December 11, 2017 12:00pm-2:00pm EST

12:00 pm
the real concern this is bubble. the concern that speculative money coming in and people will get absolutely killed. stuart: i wouldn't touch it with a 10-foot pole. neil it is yours. neil: what did peter lynch say, if you can't explain it, don't buy it. that is a mouthful. thanks, buddy, very, very much. we're following up on what could have been a very different start to the day but because of the terrorist attacker screwed up right now, it doesn't look as nearly as bad as it could have been. still there is so much we don't know about the attacker. just had he not botched this, again it is too early to say the degree which he botched, could have been a much more massive damaging attack, we'll never know for sure. what we know, they're counting their blessings in new york city right now. connell mcshane with the very latest. hey, connell. reporter: neil, this attacker, suspected terrorist, akayed
12:01 pm
ullah, originally from bangladesh we're learning more about him during the day. we're not sure about the motive or if he meant to do exactly what he did. we have picture taken moments after the what the authorities describe a low-level explosive device detonated during tunnel beneath new york city where commuters walk from line from the very business port authority terminal from 8th avenue under times square to 7th avenue. so many people near him when device was detonated, he was injured. burned on his hand and midsection of his body, what we understand. three people near him were also injured but the injuries were only minor. the mayor of new york had this to say about this latest attack or attempted attack on this city. watch. >> new york will always going to
12:02 pm
be because we're beacons of the world and we actually show society of many faiths and background look. we show democracy at work. and our enemies want to undermined that. terrorists want to undermined that. so they yearn to attack new york city. reporter: all right. so all of the injuries that we described to you have been described to us as minor. i emphasize that point. only three of them, neil, other than the attacker himself is being treated at bellevue hospital. we're waiting for an update from authorities. we hope to have one later in the day that fills in some of the blanks. again, what are those blanks? well, did he mean to do what he did about 7:30 this morning the device went off. we don't know whether he meant to do it then, it went off accidentally or he meant to carry off the attack somewhere else. did this man, ullah, have contact with a formal terrorist organization, he or overseas
12:03 pm
possibly online. other questions are waiting to be answered. to your point, this could have been a lot worse in new york. neil: now you worry about the commute home for a lot of folks lear going underground at this point. connell, thank you very much. >> >> we have a former u.s. army lieutenant on the signals he got from this, and how this kind of stuff can be prevented. that old expression, darren, that we done ad bullet but there were signs, right? what do you look for? >> neil, this is very interesting situation. i was a lieutenant working in the transit bureau for nypd for a period of time and we had contingency plans to look towards these lone wolf attacks. we look back at october this year we see gross similarities with these lone wolf attacks. we make mention of see see
12:04 pm
something, say something, that is optimum of importance when we look at vigilance as new yorkers. these lone wolf attacks seem to be the prevalent way the terrorists embark upon attacks with rudimentary means such as a pipe bomb. i look at this, we're citizens of new york. we kept keep our heads buried in our cell phones focused on what we're doing. we need to look around, have more universal, i want to say quote-unquote, panoramic view, keep our heads on swivel, to insure, i don't want to say insure, if these things alert the property authorities. neil: you're right about that some times new yorkers like myself are buried in these devices. when you see something, say something, almost on this show almost anything you see in manhattan warns saying something. i don't mean to be flippant about it. what do you see when you're eyeing crowds or outside after major transportation hub, what are you trying to see? >> i want to look, look for an
12:05 pm
individual that is paying particular attention to the crowds in general. are they sizing up the car? is this somebody walking back and forth in the subway car looking for possible police presence? are they looking for entrances and exits, things to that effect? that is one of the first things that alert me as prior law enforcement individual. i'm saying why is this person pacing subway car so profusely? that will be one of the indicators. the second thing, where are they sitting. these lone wolf attackers will go out of their way to not to sit next to the conduct tore or motor man. in addition is this person carrying a package? are they placing a package on the seat? granted this situation this individual was in possession after pipe bomb that exploded prematurely. by the same token, we use the term quote-unquote casing the joint. he was looking for a place where he can establish the greatest
12:06 pm
casualties that he possibly could. neil: we're getting a few more scant details about him, darren, the the assailant, ullah. one of the things bangladesh police is saying he is a new york resident. he last was in bangladesh in september. nothing to telegraph this activity because he had no criminal record in bangladesh. what do you go on when that is all you have to go on thus far? no there will be two sides to the investigations that take place. one, you will have the bomb scud that comes to the location on the subway car. whenever an ordnance or device explodes, those particles and pieces will still be in play in that particular area. they don't disintegrate. what the bomb squad will do, they will put the device back together again and conduct another simulated explosion. the reason for that is, they
12:07 pm
want to determine, quote, unquote, what we refer to as the signature. what is the bomb-maker's signature? and that signature will be placed into a computer bank and that will tell us where this signature has been used in the past that is how we connect this bomb of had -- bomb-maker with any other terrorist organization. that is the optimum importance who this bomb-maker is, quote, unquote, extracting the skillset from. in addition to that is something we all know, we as law enforcement individuals want to know the digital blueprint of that individual. who was the social network? who was the last person they reached out to? these are germane points of a amalgamation of discovery in terming not only who the person is and who they were connected with and do we have any future attacks moving forward? neil: well-said, darren, thanks for helping us out with this. >> always pleasure, neil. neil: a marine bomb technician,
12:08 pm
johnny jones. almost too easy to make one of these devices. it was crudely-made device, johnny, failed to do what this guy wanted to do. fortunate for intend the victims but reminder how fragile this technology is, huh. >> good afternoon. i look at information we have, i only know what you all see at home. i've seen the picture circulating as well as different reports out there. we can come to two possible conclusions this was high explosive low homemade explosive low order, essentially what you put in blasting cap or initiator went off but the explosive did not. or two, possibly a low explosive, white powder or smokeless powder the casing it was in malfunctioned or had a weak point that allowed for a small explosion but not all of the black powder or high explosive to explode. long shore short either chemistry or construct went wrong. that doesn't speak to the
12:09 pm
timing, but this man was covered in black soot instead of cut and bloody, blown all over the place. not to get too grabbing, in his instance, best thing that could happen for him and best ink it that happened for us as well he is alive. we'll get all the things your previous guest was talking about, if not from reconstructing the bomb, simply intear bating him, looking through his digital history to see who he was communicating with. sound like we will see enough of the explosive to know how this bomb was contributed and that will tell us a whole lot who uninfluenced this person. neil: do you get a sense this could have been a whole lot worse had it succeeded? but i haven't been able to determine how much worse. obviously if everything would have gone as planned it could be catastrophically worse, right. >> depends how the bomb was constructed. fortunately or unfortunately there is a lot of information out there to construct a bomb and achieve your goal. do you want to physically
12:10 pm
disable a train or kill the most people or do you want to cause mass hysteria and not put a lot of effort what is blowing up? in other words it is possible that all the explosives in the bomb blew up and he just didn't make a good suicide vest for that purpose. one thing i saw immediately, there isn't a lot of blood scattered around. there is a lot of torn and shattered clothing which tells me if this was pipe bomb it was contained in plastic or fabric that wouldn't allow for containment. when somebody blows up it is big change reaction. one molecular microscopic piece blows up and sets the next piece off. if you don't contain that that scatters the rest of them. we have to understand truly what happens from a nuts and bolts standpoint to know what his intended foal was and how bad it could have been. ultimately we have negative effects from stock market to disrupting people's transit it was an effective attack.
12:11 pm
thankfully it was not a deadly attack. best thing we can learn as much as we can, interrogate the individual as much as public. make sure that there are not other attacks planned and continue life much as possible in this country. >> do you think he had help, john me. >> it is possible especially when we connect to people all over the world through the computer. we do a tremendous job intercepting and deterring these things. there is good chance based on reports we're hearing someone who acted alone and not very well-informed on making a bomb that would be incredibly effective. everything you need to make a bomb like everything i have heard so far you can buy at walmart or off amazon. doesn't mean you can make the biggest, loudest, most effective or out smart every tactic we have to intercept it. but you can make things that blow up easily. things that blow up easily are not always that effective. that is the fine line we
12:12 pm
straddle upon, everyday things we use in life like fertilizer deterring people who want to blow us up and do us harm. neil: thank you, johnny jones. so far there does seem to be a good deal of concern how this was all orchestrated, whether this guy acted alone but again if you're looking for any financial fallout from this it would have been very, very different had the results been different. right now the dow is up. a lot of defense-related stocks or security-related stocks have been moving up but that is about it. there has not been a flight to quality or scared investing. they dodged a bullet and they know it. more after this. well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him?
12:13 pm
>>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade.
12:14 pm
12:15 pm
12:16 pm
neil: there is a push to try to get a head's up if possible or a signal of attacks might be perpetrated in major metropolitan areas or anywhere in the united states. to a terrorism expert how you go about doing that. brigitte, you say diligence is one thing but how do you do that? a detective said see something, say something, but there are other things you can be doing like what? >> exactly. for starters, don't be looking down on your cell phone. be aware of your surroundings. if you live in major cities,
12:17 pm
neil, people walk around looking at cell phones instead of paying attention to their surrounding. we're obviously with somebody trying to detonate a suicide bomb like the example today, or hiding a knife or machete to stab people. somebody like that will be dressed in oversized jacket. if you see somebody with oversized jacket with wires hanging down that is a warning sign. they stay up right, frigid because of the suicide belt. if you see somebody staying in some area unusual than people sitting around him, that is something to honor. somebody with clenched fist, along with other signs, he may be holding a detonating device. be careful surroundings. if you see somebody looking suspicious if somebody is watching, that is someone to report this becomes also important, neil, especially for people who live in warm climate areas like arizona, california, florida.
12:18 pm
if you see somebody dressed in clothing that is not fitting forethe climate at the time, such as coat in warm place, this is something. for more tips, go to our website, actforamerica.org. we have a campaign, open eyes save lives. for more tips, even phone number provided by government and email address where you send your tips unanimously so you can save your community. neil: so much we don't know about akayed ullah behind these attacks. we know wees a u.s. resident. that he last visited bangladesh in september. he had no criminal record, nothing to telegraph this we did hear prior, prior to the holiday season, talk of a lot of chatter on the part of groups that were planning to do something, particularly in new york city but little else to go on. so what are authorities to do with that?
12:19 pm
>> again, this is where being able to monitor somebody's social media and, this is where also the sitry plays and important role. first-responders and fbi are doing everything they can to monitor every tip. that is up for us citizens to report. if your neighbor starts acting suspiciously, saying words of anger or wanting to kill people, on their social media start posting violent videos or giving any reference to jihadists for example, these are things to pay attention to, to report. they mentioned in bangladesh doesn't have criminal record. this is bangladesh we're talking about not where everything we have is computerized. your insurance reports to major data system if you have a traffic violation. doesn't work same thing in bangladesh and lebanon. i was born and raised in lebanon. it is a joke to get background check on people from these
12:20 pm
countries. things are changing very much. internet is new theater of war. you have isis armies worldwide. they do not belong to geographical location. they are spread worldwide. those people identify with the ideology, whether they are isis card holder or al qaeda holder, they don't hold card. they identify with the ideology. many of them under different names around the world. in the united states. us to up as citizens if you see something scale the authorities. don't say i'm judging others or being too insensitive or acting like a big got. get these thoughts out of your time. we need to profiling based on behavior and mannerism, not on background but behavior and mannerism. and you need to start saying something. see something, say something. neil: thank you. very good words there. can't be repeated enough. meantime, we are learning right now that the president is
12:21 pm
planning to make an address on wednesday regarding taxes. as you know they're in conference right now, the house and senate ironing out differences on tax plan on the president's desk signed sealed, delivered by christmas. i don't though if it's a final push but a speech on the subject. but we don't know the time of day but on the tax cuts, and what he envisions. keep in mind the president has shown the ability to veer here and alter his earlier plan not to go above 20% corporate rate. he was open to 22% if that might close a deal, and get other extractions that could go ahead and close it and make sure it happens. again the president to address taxes on wednesday. we'll have more after this. o in, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that
12:22 pm
often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock.
12:23 pm
12:24 pm
i just finished months of chemo. but i don't want to talk about months. i want to talk about years. treatments have gotten better, so... i'm hoping for good years ahead. that's thanks to research funded by the american cancer society. the same folks giving me free rides to treatment, insurance advice,and a place to stay during chemo. i need that stuff like you don't know. and now that you do, please give at cancer.org
12:25 pm
♪ traders -- they're always looking for advantages. the smart ones look to fidelity to find them. we give you research and data-visualization tools to help identify potential opportunities. so, you can do it this way... or get everything you need to help capture investment ideas and make smarter trading decisions with fidelity for just $4.95 per online u.s. equity trade. fidelity. open an account today. ♪ neil: all right. bitcoin futures, you probably been hearing a good deal about it but the fact that now you can trade against it like that gives
12:26 pm
it some sort of legitimacy or that's the impression. deirdre bolton with the latest in these wild swings and what a difference this might make. reporter: that is right, neil. if you believe bitcoin is in a bubble you can bet against it which is exactly the point you just made. for some people about it coin futures going live at least legitimatize this version of digital currency. investors wanted to participate so much in the bitcoin craze that the cboe website crashed for a few hours. so the market opened at 6:00 p.m. eastern and the contract that expires in january opened at 15,000. it rose to 16,660 within the first six minutes of trading. right there six minutes and 11% surge. contracts, about 1000 of them, changed hands in the first three hours of trade alone. they even had to halt trading twice because there was so much volatility. right now if you look the price of bitcoin is 17,800.
12:27 pm
so most experts surprised with the amount of volume. that reflects how many more people want to be involved in the future of this digital currency. while this represents a milestone, experts are putting out all kinds of caution saying this new market could be roiled by hacks, by technical issues or manipulation schemes. outright critics are there. they say the underlying markets for bitcoin are largely unregulated. they have a troubled history. if you go back to 2013, the largest bitcoin exchange collapse ad year later after being robbed of more than $470 million worth of bitcoin. buyer beware. one thing is certain. along with that advice volatility clearly the name of the game. we'll show you a one-week chart. you can see basically it rose by about 50% on thursday. if you look at the whole week as a total, it broke the 1000-dollar level within four times within a 40-hour period
12:28 pm
but what would-be investor have to keep in mind, bitcoin going down too, since it is inception since 2009, it has crashed, lost its value by 80% or more at least five times. and neil, i know you had the cboe chairman on in the 1:00 p.m. hour. i am looking forward to that conversation. i want to hear, i know you have tons of questions for him, but they do have to treat this product differently. so i want to know what kinds of extra measures maybe they have to add. i will be listening to the conversation. they have to treat this differently than futures products for almost any other underlying value, one we're used to, stocks being the plainest. they have a little competitive edge. they launched it before the competing exchange, the cme which starts trading december 18th. so i am very much looking forward to your conversation, neil. neil: gives it a sense of legitimacy, whether you criticize or not, whether you
12:29 pm
know what you're buying or not. this is vehicle to trade on its direction. reporter: having certain less risk in a sense that these exchanges are regulated. bitcoin may not be regulated but the cboe is regulated as is the cme. we understand nasdaq will launch its own set of futures in the first half of 2018. the fact that investors can trade futures should protect them a little bit as opposed to just directly investing or trying to buy bitcoin directly in the open market. neil: it will be interesting to watch. deirdre, thank you very, very much. meanwhile iraq is declaring victory on isis. you notice every time we get news of this or looks like isis is on the run, whether couple months ago we have isis-inspired attack by new york city bicyclist that claimed close to a dozen lives. this development in midtown manhattan that could be a whole lot worse, a isis sympathizer.
12:30 pm
to former assistant secretary of defense, larry korb. every time we get cocky to think isis is on the run, we think of physical sense having a place to retreat to but not to do a lot of damage, right? >> there is no doubt about it, when you say to feed isis you have to undermine their ideology that appeals to people all around the world. we have really gotten rid of their quote, unquote, caliphate but the fact of the matter you haven't undermined it whether al qaeda or boko haram that basically want to cause the same, achieve the same goals by using terrorist attacks and didn't want to, you know, have the caliphate or control land. neil: larry, what i always wonder though, is whether isis in a weird way almost times this. getting bad press, they deflect, they're pretty shrewd at marketing in that sense giving
12:31 pm
people sense isis is on the run and maybe they're dead and buried. along comes sort of a lone wolf attack or one inspired by isis, what do you think? >> there is no doubt about it. people that are inspired, they see things like what you see, and papers saying isis is defeated no, it is not, i'm going to do it. they plan it, because a lot of people that fought with them in the middle east gone back to their native countries and they're going to continue to try to do these things many times with inspiration from the leaders. neil: do you get a sense that isis doesn't even need a home? do you know what i'm saying? watches made of al qaeda. if you shoot them out of pakistan, if you got them out of afghanistan or you know, took them out of syria, that they would be impotent, when in this high-tech age where they operate doesn't matter as much as the fact of the matter that they can? >> it was no doubt necessary to
12:32 pm
get rid of the caliphate. that gave them a lot of money things to continue to do these things. you're right, just because you're taking away their land you haven't taken away their ideology. they are still attractive what they preach to people all over the world, unfortunately. neil: do you think that even if, you know, let's say isis as the organization we knew it to be, is decimated, that it breaks off into these sort of lone wolf inspired, almost high-tech entities across the globe, a home know where but everywhere? >> isis was al cade in iraq. al qaeda threw them out because they didn't want to take the caliphate. because they thought that would take away from ability to create havoc around the world. they're trying to create so much havoc, that we and other countries change our policy
12:33 pm
particularly towards the middle east and arab and muslim countries. neil: secretary, thank you very much. always learn a great deal. former assistant secretary of defense. reminder if we need it, just as we're tapping on isis' grave that they're alive and well and inspiring the kooks all over. more after this.
12:34 pm
12:35 pm
12:36 pm
12:37 pm
neil: l market down on wednesday. the president will give what we're told closing argument on tax reform. the speech is scheduled for sometime wednesday afternoon. "barron's" is saying s&p 500 has more juice to run, maybe 7% admin mum. barrons.com editor-at-large, jack otter. first, jack on the planned speech. we're told the closing arguement happens to be the same day the conference committee really puts
12:38 pm
the ped to the met tale and get -- the pedal to the met tale and gets something to the president's desk. >> importance of republicans say we accomplished something will override other concerns so it may very well be doable. neil: talk a little bit what you guys when you have conferences and events what are people anticipating out of this? particularly on the corporate front, that is where they expect to see a lot of bang for the buck. i almost get the feeling the individual rates were afterthought. that is my personal thought. what do you think? >> i agree with your personal thought. so you know where we're coming from, "barron's" had a cover story last year, lower the corporate tax rate to 22%. we're kind of close to the president. we agree. i come out after fascinating three-hour discussion with about five top-ranked advisors on the
12:39 pm
baron's, they support the corporate tax break mostly but the personal side was was a amalgamation of corporate lobbyists wish-lists. neil: morgan stanley in fact last week, remember had said, we're not even close to anticipating the run-up we could get from this, another 50%, et cetera. do you think that people are just hoping that rejiggered multiples lead to a buying spree, just on face value? >> well, i think the hope is actually that earnings will increase because remember, postrecession we had -- neil: wouldn't that be factored in in other words? >> maybe multiples stay the same and earnings will keep on going. neil: but again, something factored? >> i see what you're saying. neil: if you're buying stocks based on that wouldn't you factor that in? >> yes there is the arbitrage with the hope it gets passed and actually getting passed so i
12:40 pm
think we see a little bit of a bump. there are lots of complications. we'll have to sort it what it means. i heard mlps, master limited partnerships may see a nice little tax break tucked in there, kind of complicated but instead of paying ordinary income when you finally realize the gains might be 25, 29%, would be a little lower than top marginal of 39. they could see a pump. we recommended epd, one of the better run mlps out there anyway. berkshire hathaway could see something we reported this weekend which is that buffett has a lot of deferred tax liabilities in berkshire hathaway. so suddenly if he has to price those at 35%, if it goes down to 20%, that will look better. banks should do well. it is not completely priced in, we don't think, partly because banks have been so hated right after the recession. they have lower regulation. if the fed has to hike rates in
12:41 pm
response to any stimulus from this that is actually good for banks. so they could get a lower tax rate -- neil: little more cushion with the loans. >> less regulation and so, they could really benefit in the -- neil: i wondered on the corporate thing, "barron's" will sort of get unthe hood and look at the corporate rate that we're told goes from 35 to 20, maybe 22% but that's not, sort of like the price of a car, that is not the price people are buying it at. so it is actually in the mid 20s but potentially even lower for some sectors, right? >> so ed yardeni came out with interesting analysis he did simple math. he looked at all corporate profits what they paid in taxes, did the math over the last four quarters that the effective corporate tax rate was 13%. neil: really? that is average for all businesses? >> yes. nows because large corporations -- neil: it will be higher than that. >> for a lot of large corporation this is is no big
12:42 pm
deal at all. some because of territorial changes could see a hike. but again as investor, if you want to see who benefits, retailers, banks, small caps. some of these smaller companies, they don't have overseas places to hide their profits. they really will see a benefit but will be a very different benefit depending what business you're in. neil: you also noted during the break the distinction between the real estate industry and real estate developers. talk to people in real estate in florida, they're going nuts. it's a big draw for florida real estate. having a noticeable pop in activity. people may be taxed out of their own high-cost states. but for developers it's a different beast. explain. >> it is really nice time to be a real estate developer. if you have any theories why this tax bill might favor real estate developers but give you one incredible example, on the personal side my wife and i had third child. we sold an apartment, moved to a house, so we paid capital gains on sale of it apartment.
12:43 pm
lucky us it went up. if i had been owner of a luxury condo and sold that made a tidy $50 million profit, rolled into into a new building i would pay no taxes. neil: even if you made substantial profit? >> huge substantial profit as longs as you rolled -- >> was that something in the tax code or already out there? >> that's all right out there. having development we get into the estate tax that money would be never taxed. looks like real estate development could be a wonderful tax-free industry. so if you're looking for a career change, neil. neil: you never know. sometimes they always suggest one. you never, never know. that is wild. thank you very much, jack otter. we'll handicap that, sort of preview what the president might have at stake on wednesday when he goes through. meanwhile an update on this terror attack in new york that could have been a whole lot worse. a lot of new yorkers are bracing what will be a little nervous commute home. what we dodged this morning.
12:44 pm
doesn't necessarily mean we dodged this at all. the lessons we learned after this.
12:45 pm
12:46 pm
12:47 pm
12:48 pm
neil: getting new details and new photo of akayed ullah, the man behind the attack today not too far from times square. we're learning for a while that he had tlc hire for vehicle driver's license. we don't know if that is one of those black limos or yellow cab but he was driving around in a taxi, for-hire driver from around the period of 2011, is this 2015 guys? no, from 2012 to 2015. that is about all we know, but again, he was, one of those who was approved for one of these for-hire vehicle licenses. that's a pretty strenuous process you go through to get one of those. if we get more details on that, what he would have to share or
12:49 pm
pass to get that, there are hoops you go through especially in new york city, we'll pass it along. we're learning dribs and drabs, man who claimed what he was doing was in sympathy to isis. we're looking at developments concerning politics. tomorrow, doug jones the democrat in that race against roy moore in a new "fox news poll" could be running away with it. one of many polls that are all over the map. hillary vaughn in midland city, alabama with more. hey, hillary. reporter: hey, hillary. that new fox news poll out this morning shows democrat doug jones with a 10-point lead over republican roy moore with independents backing jones 50%. now moore says he is political outsider but he may get help from inside the white house today as president trump is sending out robo calls encouraging voters to moore at the polls tomorrow. moore's challenger, doug jones has accused jones hiding from voters.
12:50 pm
he didn't have any public events this weekend leading up to election day tomorrow, but moore says his opponent is a liberal who is pretending to be a moderate, that is using recent sexual harrassment allegations against moore to prevent and avoid talking about real issues voters care about. >> i think he is owned by both the democrats and the republicans. he is going to try to, he will oppose the conservative movement, let me put it that way. the republican establishment want jones in there, because they think they can beat him in two years there without a contest. reporter: neil there is still a chance conservative voters can write in a candidate not being sold on moore. this rally the stakes are high for moore as he joins steve bannon. we got news, special guest sheriff david clarke will be in attendance as well. a source familiar planning event
12:51 pm
drain the swamp rally. they plan to decorate it swamp-like with lot moves and gators too, neil. neil: hillary, thank you very, very much on the eve of the big election we cover tomorrow night. the president saying roy moore is one needed to make america safe again. new york city councilmen joe borelli with us right now. joe, let's say moore wins and then the republican leadership has winced at the prospect, so damned if he does, damned if he doesn't, some advocate despite alabama voters wishes they might move to alienate him or throw him out. they would have to change some of the rules because these are charges that, you know, dating young woman he says is not the case that go back decade, but what happens? >> i think that is very unlikely to happen. there is not much precedent for that to happen. i think certainly with the franken resignation you would see some political pressure mount heavy on him.
12:52 pm
that is why i think you have someone like tim scott say yesterday on fox news that roy moore would immediately face an ethics investigation. i think republicans are in, i don't want to say a no-win situation but they really didn't have many good options going into tomorrow's election. on other hand roy moore, for lack of a better which to describe it is not the ideal candidate, but also his loss in this election could jeopardize the entire gop agenda and everything the president is trying to accomplish. not just the tax plan, judicial appointees, executive branch appointees, immigration reform anything they like to see happen before the fallout of 2018 whatever to occur then could be jeopardized. neil: who will get the plame for that? the president put himself out there moore is the guy. doing robocalls for moore. but they also hope that by the time, you know, whoever wins that raise is seated in washington, the tax bill will be
12:53 pm
voted on making it a moot point. what do you think? >> that is more likely situation. gary cohns with out there telegraphing the president is open for whatever compromise can be worked out in the short-term future. you know, i think this is more of a year-long problem for the republican is if they lose, nothing changes in the dynamic in the senate until the 2018 elections and we're not sure what happens then either. >> do you think the president is looking at this moore race, not just a left-right thing, pro-agenda thing but looking over his own shoulder? that if, if moore is is, incapacitated, whether he votes in and republicans try to kick him to the curb or launch an ethics investigation, they're getting closer to the president, allegations that he had to address? now he won the election with all those allegations, so as the white house seemingly insisted it's a moot point but maybe a new point now what do you think?
12:54 pm
>> it could be a moot point but i think the president is looking at it more from policy standpoint. the evidence comes in the robocall he recorded. he is not out there saying roy moore is black slapping great guy you want a beer with. no senators have come out to vouch for character of roy moore. he said this is about abortion. this is about the second amendment. this is about tax reform. this is about issues we care about. i don't necessarily know the personal stuff is what the president is trying to make this about. neil: you know, i get the impression, joe, that the president is moving on from expected tax win. a lot of focus seems to be on infrastructure, something that you know, draws a lot of democrats, maybe whoever wins this election in alabama. and, the president doesn't need it as much. doesn't need a republican to win that state as much in that event because he will have much more support on the left, for example, than he has had on any
12:55 pm
other initiative to date? >> that might be true on infrastructure. certainly chuck schumer and democrats expressed willingness to work with him on that but every other issue there is not much democratic cooperation. we certainly don't need another democrat to add to the resist movement. whether you're talking about health care which failed by really just a few, one vote in the senate. neil: you're right. >> this is why having a 51-49 majority is something that the president prefers not to have. as leader mcconnell said, roy moore might not be fit for senate but there are no good options. neil: you can't lose but one with vice president the tiebreaker. is it your sense right now that if moore were to loose he is down 10 points in this poll, as we've been saying all the polls are all over the map, who is that going to be on? who takes the blame for that? >> i think it is going to be first and foremost on roy moore. he wasn't able to get out of these accusations frankly stuck.
12:56 pm
i can't answer whether they're true or not but they certainly had an impact on the race. i think really what we're seeing with these polls, we have the "fox news poll" came out with 10-point majority for doug jones, we also had another poll the day before with roy moore up 9%. neil: right. i can't figure it out. >> you're seeing really wild estimates of turnout. there will be no way to predict it going into tomorrow. neil: buddy, thank you very, very much. joe borelli. we're focusing on bitcoin. all over the map. it got legitimacy today. you can trade futures. the guy behind that, what he is seeing on fox business. only fox business. good luck finding him anywhere else. two boyfriends, three jobs... you're like nothing can replace brad. then liberty mutual calls... ..ig cement™,
12:57 pm
we'll pay for a car that's a model year newer with 15,000 fewer miles than your old one. liberty stands with you™. liberty mutual insurance.
12:58 pm
12:59 pm
1:00 pm
neil: could've been a whole lot worse. the mayor calling in an attempted terrorist attack of the suspect identified as 27 federal bangladesh and, akayed ullah. he did visit back in september right now. connell mcshane has more in times square. >> new york city getting back to normal as we move into the middle of the afternoon. an underground subway time all next to a number of different communities. taken moments after an explosive
1:01 pm
device that was attached to his body exploded. authorities said it was a low-level explosive device. the new york city transit system has surveillance video said. surveillance video you can see in the footage that it was low-level because the people walking near them and we heard the explosion three of those commuters were injured, but those injuries were just minor. do your point that you made, the governor paid on it as well. this could've been a lot worse. here is the governor. >> the reality turns out better than the initial expectation. this is new york. the reality is that we are a target by many who would like to make a statement against democracy, against freedom. let's go back to work.
1:02 pm
we are not going to allow them to disrupt us. that is exactly what they want. >> and exactly what new yorkers have done is that the governor suggested. they've gone to work, gone about their day. standing on eighth avenue in front of the port authority bus terminal in the traffic started flowing again. no road closures camano street closures to think of as all. times square 42nd street, some of the trains are still bypassing it, but not many. many have returned to normal as well. as he moves through the afternoon, we hope to learn more about the suspect. you mention the fact he's been living for some time. we believe seven years in brooklyn originally from bangladesh. authorities in the updated may speak more about a possible motive, and may speak more about a connection to any organization. we been unable to confirm anything about that yet. at one point they worked as a
1:03 pm
new york city taxicab driver but the commission and the city ended in 2015. we will have more as the day continues. for now, back to you. neil: connell committing an act very much. great reporting. the n.y.p.d. commissioner so early in the stages of putting stuff together, commissioner. your thoughts on this guy and whether he all of a sudden did become radicalized the past couple of years, anecdotal reports suggest something will get into my next guest hinted at that. what do you think? >> i think he did become radicalized the last couple of years. this is hopefully appears to be a guy who's not very good at what he does and who attempted a low-level ordinance, which didn't work very well and i think we are lucky. what we really have to worry about is the individuals who
1:04 pm
know what they're doing and set something off. that's what gives me nightmares are >> remember that was always a concern of yours and you are surprised something more substantially seen in london and elsewhere in spain had been pulled off to anywhere near the success here. always a possibility. had we brace for that? >> it's just really hard to do. the fact is that when you are in the city, and especially everybody wearing how the clothing, and people look out and see anything unusual. you know i never sugarcoated, this unfortunately is not going to be the last one and hopefully they will be as incompetent as this guy and we are as good at it it's overseas, the world by jihads would be a huge target in
1:05 pm
new york. we only have to be right once. neil: you are right about that. a lot we still don't know about this guy anyway might've been in contact with. do you think he was this proverbial mumble for that he had help? what do you think? >> too early to tell, but based on what i've heard, it seems like he probably used, probably has like he does, but it does not sound like a group of individuals, but again right now the joint terrorist task force, fbi and n.y.p.d. are tearing this translates apart, talking to everybody he knew. getting as much information as possible. it sounds like he is the lone guy. trained a lot of people going home are going to be very nervous. any words of advice?
1:06 pm
>> you know, the reality is you're twice as likely to be struck by lightning than to be the victim of a terrorist attack. but we live our lives the way we have in a free society. trained to very good seeing you even under these circumstances. meanwhile, the homeland security chair mike maccoll thing we need to target the internet more. >> the radicalization of the internet is still i believe the biggest threat. i think this individual was jesus inspired it all comes to the power of the internet. trained as cybernational security expert brian finch, we think of that? a lot of the willing unassertive radicalizing happenings over the internet. not exclusively. what do you think?
1:07 pm
>> you're absolutely right. a lot of propaganda goes out. if the supporting magazine every month that contains instructions and targets inside the united states and other locations as well and do something that needs to be policed. receiving congress and the white house announced this to go more and talk to the cybercaliphates whether al qaeda or other terrorist groups. neil: what can we learn on that? there's always those, private advocacy in the light to fear these moments on something crystallizes they need to scrutinize social media in the lake to rope in a few bad guys, and the rest of us guys. what you say? >> you know look, i respect privacy in many ways been cybersecurity attorney focusing on many privacy advocates and what it means is very different.
1:08 pm
look at traffic did we can't monitor communications between individuals inside the united states and outside the united states. to get a little bit too much but let's not let the government do anything. with the current administration a smarter collection and data so you don't need to vacuum up and be smarter about what are the kind of doctor looking for in the right way while still respecting privacy and not making sure every conversation is blared out are available through the internet search. trained to do one thing i noticed maybe it's me, maybe i'm making an over generalization to take that at face value. isis is on the run, being chased out of iraq and syria to luck out, then lo thoughts.
1:09 pm
>> i don't think it's coincidental and i don't think at the same time be more aggressive with bases overseas is going to necessarily lead to more dangers at home. these people are inspired to attack no matter what at the end of the day. they hate america, hate the values we stand for and that the president has the right thing by moving the embassy to jerusalem and to despise american values of freedom and whatever instance they are going to do it. as how you are saying thank god nobody was killed or injured except this knucklehead who committed the attack appeared we need to accept that. we love freedom. trained to the next guy might not be knucklehead >> thank goodness we've got a greater secretary kirsten nielsen. she knows how to handle it.
1:10 pm
thank god they are all working for us in thank god one again that this is a knucklehead who didn't pull it off. trained your words of wisdom mayor. very good seeing you. >> thank you. neil: we are going to discuss that a little bit more for the impression that isis is on the run and all of a sudden all of a sudden a lot of isis inspired attacks are happening here and fast. after this.
1:11 pm
1:12 pm
i used to have more hair. i used to have more color. and... i used to have cancer. i beat it. i did. not alone. i used to have no idea what the american cancer society did. research? yeah. but also free rides to chemo and free lodging near hospitals. i used to maybe give a little. then i got so much back. i used to have cancer. please give at cancer.org.
1:13 pm
or a little internet machine? [ phone rings ] it makes you wonder. shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. choose by the gig or unlimited. and ask how to get a $200 prepaid card when you buy any new samsung device with xfinity mobile. a new kind of network designed to save you money. click, call or visit today.
1:14 pm
1:15 pm
1:16 pm
1:17 pm
pursuing is quite or appear in >> it's very difficult to pursue it with more lives than we have. it is protecting innocent people and our rights. that said, we have to do some more pieces. we know where some of these areas are that they congregate in, the radicals come together in the mosques in pieces like that. we need to be looking at those very hard and they need to be doing more intelligence-based policing. not for repeat offenders, but initials, who was being reckless, it is very difficult problem. neil: you want to scare people if your like-minded, especially holidays only in new york city and worldwide and is no accident in london and berlin and on and on. i know people are told go about living your life, but what is
1:18 pm
the message you are hearing from those who want to wreck the party and rec. holiday. what is the strategy anywhere and everywhere people go to ruin it, and assembled. >> sorry. neil: go ahead. >> they basically want to change the way of life. they have muslim majorities role in the land of war. too bad if we can come you know, to be disorganized, come chaotic at the time of holidays which is why new york and other major centers continue to be targets, then they have one and ultimately we need to start looking not only a private channels that need warrants and things, but publicly face the posts and other things that are public posting that we are not paying attention to that are the nonviolent precursors. down the street where you have people marching against the naming of jerusalem as the capital which it's long been, we have to recognize as part of the
1:19 pm
arabs, and all the different types of ethnicities and muslims participating in radicalizing our community and in ignoring that are connected to the radicalization of various muslim population. neil: reuse the day the whole jerusalem thing as an excuse that could have had an free to back. >> as the.or was talking about. we look at this as a nationstate problem. the difference between nonbelievers and believers and that is the ultimate war. they will gain the most advantage. neil: gentleman, thank you both. what just seems crazy. in the meantime, what has been crazy is bitcoin.
1:20 pm
whatever you say about this command is becoming more legitimate by the day. when the options exchange comes up with a vehicle in which you can trade against a common features against it, that is legitimacy, even if you don't know the underlying product that is getting legitimacy. the cbo e. ceo is next. [vo] when it comes to investing,
1:21 pm
1:22 pm
1:23 pm
looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country.
1:24 pm
discover how we can help find your unlock. train to our they say this is the day bitcoin got some legitimacy depending on your view of this digital current date, whatever you want to call it. they debuted today with the chicago options exchange chairman and ceo ed tilly, who found a way to see what was a potential for bitcoin and to trade on it and sort of try to get a handle on it. how's it going. >> anyone is going great.
1:25 pm
from our perspective, bringing new products in the marketplace is what we do. operational readiness bringing into the launch last night to plan. neil: everyone flooded it. >> from from operations, the trade engine wasn't flooded, was quite orderly. we traded about 3000 contracts in the global session pre-u.s. open. >> your built-in curbs. >> trading halts at 10% in 20% from the we hit the first one. >> that happens every other second. >> it's quite powerful after two minutes i'll take him. we were able to watch the books build. we reached 20% threshold, pause for five, and really in the early hours of the morning thought a lot of price stability come into the marketplace. the curbs all acted as predict it has planned and following the
1:26 pm
rules and procedures neil: who was involved? >> the early movers are pretty professional. we had 12 people sign into the market for the open and when i say people, 12 none trading permit holders we are very familiar with on the futures exchange from 22 this morning before the u.s. open. more professionals. they will be representing customers, but they don't have total transparency into the customer base at this point. neil: all right, and the contracts trading the first few hours about 40 million against $121 billion bitcoin marka. would you make of that? >> i think that's pretty positive. you think about never having traded this contract in a late futures market before. that was the kind of confidence in the system to bring this contract up for the quiddity providers serving from the open
1:27 pm
to the close gaining comfort training one into contracts. that builds over time. their ability to build a book depth that is priced not just at the top of the market, but below the top of the market. that takes time and i think will watch their confidence rise as we go in the days and weeks to come. neil: this year with bitcoin from the beginning and i'm sure you've heard this many times that it is just a few key players who were cornering one of the greatest investment, not for good or ill we've ever seen in trading futures and enable still more nefarious characters to bring the system. have you guarded this? >> it's the opposite of the truth tears in her oversight of the futures contract is a whole lot different than the transparency that some of the global exchanges having to their end-users. neil: the futures market seems worse able and protected for that and bitcoin in the general
1:28 pm
market. >> very much so. that is where we got such an uptake and what we will see builders because of the stability come in knowing the customer. cftc overseen our exchange and regulators say in the day-to-day operations. neil: what are they overseeing? >> we do actually know our customer. these are registered customers. any access from our marketplace are known players. it is a whole lot more transparent than the individual exchanges. trade to your trading futures and what jpmorgan haas called fraud. the chinese say it has to be super regulated and they just might be angry because they could be getting pushed to the curb. you know the rest. how do you answer that. >> everyone identify and assess potential fraud, there are those that could take the completely opposite side in that opinion. we are the business of being
1:29 pm
able to express that opinion in a transparent regulated marketplace. a lot of that fraud can fall away when you know your end user. we watch the quiddity come into the marketplace. we do other commodities, other security and confidence in that opinion may change over time. neil: demo for mom other product groups and those who trade them overwrite your exchange, are they concerned? are they angry? are they feeling this is eclipsing them that all the sudden bitcoin is the rage? their traditional trading vehicles are based on something solid often times, you know what i mean, but it's going to cause ruffled nerves. >> anytime you see an underlying move in a direction like this in any volatility in a global marketplace that has not seen much volatility in the past
1:30 pm
year, certainly this current year for example i think captures the minds of any trader, but i don't think there is if people weren't trading are focused on bitcoin did the trading -- neil: so traditional currency traders are going to be looking at this and adapt now? i think this is just another trading vehicle and cross asset class interest is not new to the marketplace. neil: they think the saddam of the risk of someone trying to hack into s. >> at come you're using a very unregulated market. it's interesting that you pay a fixed as opposed to something really highly scrutinized from sec perspective. that's interesting. neil: that is interesting. i did and i did that. i do one ask about that because that is the whole sensation around bitcoin the year about north korea than those because
1:31 pm
for a lot of people can't grasp it as you know there is no chance for north korea or other players to manipulate something we can't really control. >> i've heard that. i think what we've gone through, with the cftc. with one of our competitors. neil: cme. >> yes, with the process we have with our partner gemini and i would imagine the same discipline around getting comfortable with the exchanges of the cma partnered with. we are the really good places for his transparent information sharing and that is what is really brought the contractor market. as the indulgence of the regulator. neil: the fact that they are playing a while and not just the
1:32 pm
passive observers mean something. you are onto this thread the phenomenon of bitcoin when people want appreciate the magnitude of it. when the saudis were kicking around the idea of a basket of currencies competitive presumably to the u.s. dollar, and a digital currency, for lack of a better term is in the mix. where do you see all this going? is it going to take traditional currency is? >> is going to take a while. i don't know that we have a winner yet in crypto currency. close to thousands of different currencies out there. we are not really endorsing just bitcoin, but the concept -- how to take this concept of a crypto currency, standardized contract on a futures exchange that our customers are ready now. that is the movement. part of the evolution and the maturity of bringing the contractor market is what is
1:33 pm
next. then the derivatives on the currency. had we mainstream this. are the bts under the watchful eye, did this come to the marketplace? neil: doesn't have the vehicles and derivative products that could be than make enough i know i'm sounding a little sensationalistic year, the next meltdown? >> away, i don't know that i can predict that far in that this is a number would cause a meltdown. neil: we came up with creative vehicles and mortgage derivatives. >> i think the level of oversight is what care is that. much of what your reference and there was no oversight. not in a central counterparty clearinghouse of the contracts we have proposed are going through. there are margins, counterparty clearinghouse. for us it's a cc a nice margin,
1:34 pm
daily risk controls. what you are referencing -- neil: doesn't mean it's very scared as can sneak in. you do your best to try to police. >> game timelier marched inappropriately. what you saw, which are referencing in some dark area, where there is counterparty risk, this is a different situation. >> some have called this the death of the dollar. >> i'm not there. >> he resigned to it before people knew what it was. we called it kind -- bitcoin is on. although the more after this. ♪
1:35 pm
for us it's occ, and there is margin, there's daily margin and daily risk controls. i think what you're referencing -- neil: doesn't mean the fairest characters can sneak in, but you do your best to try to police them. >> in realtime, we're monitoring the contract appropriationly, and it's happening off -- appropriately, and it's happening off exchange where there's counter-party risk. neil: some have called in the death of the clear. what do you think? >> i'm not there. neil: whatever you think of this wave, he was on to it before most people even knew what it was. the we name that we call bitcoin is on. we'll have more after this. ♪ ♪
1:36 pm
1:37 pm
1:38 pm
neil: all right, stocks unfazed by ths attempted terror attack in new york city i. didn't go as
1:39 pm
planned, and that's why stocks are holding their own. nicole petallides live from the new york stock exchange with more. hey, nicole. >> reporter: yeah, unfazed is a great term to use, right in the heart of manhattan, it's not jostled the markets. to the upside to the tune of about a tenth of a percent for the dow. apple's really boosting all three higher. dow's up three weeks in a row, up 970 points. the financials are somewhat mixed, barclays, citigroup, goldman higher, jpmorgan a little lower and, of course, we're waiting on the fed where we expect to see the last rate hike of the year. the group has been mixed. and we have big news on apple, and apple is likely to have its best day in five years -- i mean, five weeks. there's a big difference, right? jumping 1.7% on the announcement of the deal with shah zahn. we've been waiting -- shazam.
1:40 pm
roughly a $40 million deal, apple buying shazam. you take your phone, put it next to the music you love, it'll tell you who's singing it and if you want to buy it on itunes. back to you. neil: thank you, nicole. donald trump is going to give his closing argument on tax reform wednesday afternoon, we'll told. he'll to still do it in washington, but this is just to seal the deal here. that is the same day aha those conferees are going to iron out differences they hope to have all worked out before christmas when they are planning on the president signing that into history. alan knuckman, gary b. smith. gary b., the closing argument, how do you think it's going to go? >> i think it's going to go well. this is one that's in trump's wheelhouse. i think much more so than health care. i think he understands finance, of course, i think he has a better grasp of the tax reform. i just get the feeling that both the senate and the house want to get this done. i think it gets pushed over the
1:41 pm
finish line by christmas. neil: alan, any worries you have about that or stumbles along the way? i mean, if it gets pushed back just a little bit and that alabama race changes, it's a democrat, now we're talking 51-49. you know the drill, what do you think? >> i don't think so. we had a key reversal last monday where we made new all-time highs and had a lower close, but we recovered from that. we're closing in on highs once again in all the major markets. i'm past taxes, i'm focusing on infrastructure. i like the metals and mining stocks that have been beaten down this year. that could be another sector that could rally here. neil: you already passed taxes, we haven't even done graphics -- >> infrastructure's next. neil: okay, all right: let me work on that then. [laughter] gary b., the argument you hear out of some of the brokerage firms is even with the run-up in this market, it hasn't fully factored in an additional
1:42 pm
run-up. i think barron's was putting it at 7-10%, morgan stanley saying it's half reflected. where do you stand on this? >> well, i tell you, neil, you and i have lived through a lot of these rational exuberance times -- neil: why do you assume i've lived through all of this? [laughter] what is it in my deteriorating, aging face that gives it away? >> you were talking about the -- [inaudible] [laughter] you know what? these rallies, i think the market is overbought. i think it's dangerous, but, you know, i said that a while ago and yet it keeps going on. these things, i remember greenspan said about irrational exuberance, what, in '9 7 and the market didn't peak until early 2000. so this could go a little bit higher. whether the tax thing gets done this year or early next year, i think there's a lot of rocket fuel there. you've seen it. you just had a great interview about bitcoin, the same kind of
1:43 pm
thing there. it can go on and on and on and really kill the bears. neil: whether you like that or not, a vehicle which you can trade futures against it might have changed things. what do you think of that, alan? into the middle of this market madness, the bitcoin madness? >> well, i'm a trader. i'll trade anything that has good liquidity. the function of the futures contract is the price discovery. so we know where the market's actually trading. if you look, there are multiple bitcoin exchanges, and they trade at different prices. this consolidates the tape, so to speak -- neil: no, i think you're right about that. and it does give a structure to that. but do you worry that there's still a froth to the futures? >> i'm going to wait for the volume to pick up. i want to be able to get in and get out smoothly, and right now that's not a function of the markets. but over time, you know, trading a couple thousand contracts a day, let's remember how the financial contracts started out years ago going back a few years, you know? it took some time to get some traction, but this is part of
1:44 pm
the project. bigger than bitcoin is the block chain technology -- neil: yes, fully agree. >> that technology's going to go into a lot of other aspects of our economy, and that's going to be a big deal. bitcoin is just another trading deal for me, but the block chain's a big deal. neil: the technology behind it. gary, do you look at this market as one that is going to be lifted then by infrastructure or related infrastructure commitments next year? that that'll be the tune next year? bitcoin notwithstanding? >> i look at it more, you know, perhaps. i always look at it more going back to the whole tax thing is the consumer in general drives the economy. it's almost 70%, 75%. if consumers feel good after the tax reform goes through, if it does go through, and they start spending more, that's going to filter out. we could really see the gdp rise. that's what i think is going to be the ime we discuss. --
1:45 pm
impetus. neil: you know, alan, you weren't even born, but do you tell young people who are looking at the market now and saying i hear about bitcoin, i hear about this market, you know, with the wind at its back, i want in -- >> right. neil: what do you tell them? >> you've got to be thinking long term. look at the big picture. there's still no choice between stocks and treasuries right now. if rates get back up to 4%, then we can have a conversation, but until that dynamic changes, the stock market's still where it's at, and talking about the high priced stock, it's justified by the earnings in this multiple where we are. the earnings continue to increase, therefore, prices continue to increase. so that's the game right now. corporations are doing very well, all-time record profits, and that reflects in the price and the earnings. neil: all right. so long term to you means what, alan? >> well, let's say 3-5 years if you don't need the money now. if you're a 30-year-old, you should not even care, you're looking 20 years, 30 years out.
1:46 pm
so look big, big picture. let's think about how dramatically things change every couple years, and technology is increasing at an exponential rate. so i'm looking for the economy and the market to do so as well. neil: alan, long term for me is dinner. [laughter] gary, do you see interest rates -- we know the federal reserve is likely going to hike on wednesday. play out 2018 and whether it's a worry to you with, you know, obviously maybe you could see a few more if the tax cut takes hold and assuming it takes hold and then the economy, you know, gets a little bit more oomph. what do you think? >> i think as the economy goes, so will go the interest rates. but, you know, the fed tends to focus a lot on inflation, and i just don't see that coming. the main reason is there's so much competition out there for the customer and corporate dollar. >> good point. >> so it's tough to raise prices because just like even with bitcoin, there's now how many competitors out there? it's tough to raise prices, get
1:47 pm
that monopoly area. i think flat to maybe slightly up for interest rates. neil: gentlemen -- >> i definitely agree. i was going to say i definitely agree. i think the internet has caused this deflationary cycle and brought prices down because everybody has the compete on everything. neil: you know, alan, you didn't hear it from me, but this internet is going to be huge. [laughter] >> i don't think it's a fad. i think it's for real. neil: i'm telling you, i am telling you. [laughter] guys, thank you both very, very much. all right, we are on that whole phenomenon, the bitcoin phenomenon. a lot of people are e-mailing me on the conversation with the ceo who now has a vehicle in which you can trade against it. don't dismiss those type of developments, they have legitimized something that is already a phenomenon and found an additional way to trade off of that. and now futures activity off of an underlying product that you really can't hold or touch. off to the races. more after this. ♪
1:48 pm
i used to have more hair. i used to have more color.
1:49 pm
and ... i used to have cancer. i beat it. i did. not alone. i used to have no idea what the american cancer society did. research? yeah. but also free rides to chemo and free lodging near hospitals. i used to maybe give a little. then i got so much back. ... i used to have cancer. please give at cancer.org.
1:50 pm
1:51 pm
neil: all right, it is the great democratizing wildfire that has con assumed multimillion dollar estates along the way as well. robert gray with the latest on the flames that won't stop in ventura. >> reporter: yeah, that's right, neil.
1:52 pm
firefighters trying to draw a line in the sand, if you will, and stop this fire in its trackings. the wind has died down, the santa anas have been wreaking havoc throughout southern california, and we're at the site of the largest fire. more than 230,000 acres burned, the thomas fire. you can see the city limits sign right there, and as lance zooms in across the way, you can see the mountain range. this morning when we arrived pre-sunrise, you could see fires all the way across the ridgelines there. flare-ups coming, this range going from east to west, and we are on the western side of the mundanes tries to keep them -- mountains trying to keep them from coming down into the valleys where you have some agricultural areas, homes, george lucas of "star wars" flame, ashton kutcher as well in this area along the coastline just south of santa barbara about 75 miles northwest of los angeles. and you can see they've got choppers coming in, they had
1:53 pm
some 29 choppers flying yesterday, seven hours which is as much as they could, neil, and they've already started today. we're continuing to see a lot of activity as they try and stop this thing in its tracks. back to you. neil: just incredible. robert gray, thank you very much. meanwhile, the democratic candidate in alabama, doug jones, well, he is leading in a fox news poll as alabama officials are reporting higher than normal absentee balloting. to jeff flock in montgomery, alabama. boy, jeff, some of these polls all over the map, but this latest one startling for the democratic candidate in a very red state, huh? >> reporter: and everybody talking about it, neil. if you listen to talk radio in this state which is largely conservative, they're all saying that poll's gotta be wrong. we're awaiting doug jones, by the way, as you can see, folks in place for him at his second campaign stop of the day. i caught up with him at his fist stop, and when i revealed the results of the poll, he almost couldn't believe it either.
1:54 pm
take a listen. you have a ten-point lead according to the fox news poll. ten-point lead. do you believe it? >> do the folks on fox -- [inaudible] i'll tell you, we don't follow polls in alabama. we wait until we see what's happened. coach saban, let's see what this final poll looks like tomorrow. we feel good about this race, but we're not paying any attention to polls. we're out here. we're talking to people like we're behind 50 points. >> reporter: one of the things that the poll found, neil, is that jones supporters just feel more passionate than the moore supporters which really surprised us when we saw those numbers. you talk about how passionate the electorate is in general, here in montgomery county i'll just give you one example, normally in a special election like this you get 2, 300 absentee ballot requests. for the gop runoff, you got 368. for this so far 1600 absentee ballots. so some indication this is going to be a very well-athe tended
1:55 pm
election -- attended election, much more so than you would think in a special election like this. just to mention roy moore, don't want to leave him out, he's got a big event tonight down state in midland city, going to be a drain the swamp event, and they are saying they're going to have actual alligators and moss and all sorts of things, swamp creatures down there. that ought to be a good time. neil: i get it with the alligators and the other references. jeff, thank you. understood, yes. jeff flock. all right, we're up about 42 points right now, 24,371. all these crazy developments notwithstanding, the fact of the matter is if you are into stocks, you see no reason to get out of stockings. that is something that has been consistent -- out of stocks. that is something that has been consistent. after this.
1:56 pm
. . . .
1:57 pm
1:58 pm
1:59 pm
neil: all right. so that's the big thing. they didn't tell me we would be running this promo and then saying in addition, neil, tell them about your coverage tomorrow night. we already said that in the promo. these are the twice we're covering tomorrow night on the live coverage. remember, we covered the best of general news and business news. this election could be
2:00 pm
consequential. could make a difference between 52-48 republican senate. you know the math if they do. i have done the math for you for people at home so you don't have to. that is the service we provide. trish regan. trish: we'll be hearing from the white house any minute following a terror-related incident in the heart of new york city this morning a 27-year-old bangladeshi national set up a explosive device and attempted to create massive destruction but thankfully only three people suffered non-life-threatening injuries. the big question, will they keep this up. what will they do about it? i'm trish regan, welcome to "the intelligence report." this according to reports was ininspired by isis and he has been in our country seven years. has he always been rad can and if so, why the heck was here? terrorism expert dr. sebastian gorka joining me in just a

88 Views

info Stream Only

Uploaded by TV Archive on