july -- 6.9 million available. stuart: that is very positive for the economy. more good stuff. the dow is up 142. see what you do for you, neil. take it away. neil: thank you very much, my friend. as you were speaking there, getting news out of the white house the president is canceling a planned trip. this is a planned trip to europe that would include a trip to ireland. all of this to recognize the commemoration of paris of the 100th anniversary of armistice that ended world war i. we don't know much beyond that there were planned protests talked about there. but the president runs into that to matter where he goes. but the trip it ireland is off. meanwhile a hurricane potential five is on and getting close. i'm talking about florence. more than a million people fleeing its path. more states already declared emergencies. to the weather company senior

meteorologist dan leonard. what are we looking at now, dan? what do you think? night aig big one, neil. right now a category 4. weakened a little bit overnight. that is not to say it won't strengthen again. one of our intel ibm models, deep thunder, we'll strengthen the storm to the peak intensity overnight wednesday night, thursday morning as it moves over the gulf stream. that is not surprising. the gulf stream has a lot of really warm water in it and reflynn niched water. i think that is where we max up the storm. i'm getting latest date from gfs model, it took a big shift. the last few runs last night and yesterday had landfall near cape hatteras. now shifting back further west to the european solution, brings the storm near wrightsville beach. it is looking like southeastern north carolina, cape fear and cape lookout that is the target

zone for the maximum damage coming up from the system. neil: okay. dan, thank you, very, very much. you know the drill. even if you're not affected by the storm or the path of the storm some of those that benefit from that or you feel the pinch from that, like home depot, lowe's, hitting all-time highs. not coincidentally a lot of people gathering up a lot of goods. connell mcshane on impact of the storm before it even touches us. >> neil, we always see that with the storm related stocks. we look at the preparations going on, it is being taken seriously. people are getting ready today up and down the east coast. we heard from the governors in four states declaring states of emergency. south carolina, north carolina, maryland and it is virginia. if you look at this by the numbers. well over a million people now are facing mandatory evacuation orders in the coastal areas of virginia as well as carolinas.

in south carolina the emergency management agency said it is preparing for, quote, the possibility of a large-scale disaster. now, with all that said, it is very difficult to kind of estimate this kind of thing beforehand. when you talk about a million plus people being evacuated though. forecasts for 12-foot storm surges the hurricane center is coming out saying based on past storms we could deal with $27 billion in damages by the end of the week. in the area it could be the most powerful storm since hugo back in 1989. in terms of real estate, corelogic put out numbers 750,000 homes in the carolinas and virginias are at risk. total reconstruction of those homes would add up to $170 billion. that is how serious it is. certainly individual companies are getting ready. volvo is an example. it is shutting down the factory in south carolina. i'm sure we'll see similar announcements. people are warning people to be

ready without power days or weeks. the port of virginia, stopping all activities. will do so as of midnight. we'll monitor all preparations. south carolina governor henry mcmaster says be ready to evacuate. presume, a hurricane hitting smack dab in the middle of south carolina. not just south carolina. you have to look at north carolina and virginia at least as well as we track this thing, neil. neil: connell, thank you very much. before i add a little more on the hurricane, we're near session highs at corner of wall and broad for the dow jones industrials. technology is much of the story, particularly apple ahead of the new announcements. phones to watches, new ipads. issues like apple and amazon have given up 100 billion-dollars in market value the last couple days. reason enough for buyers to pounce back in. dragging the likes of facebook and others along even though

they were in great duress. tech is down north of 2%. so a buying opportunity here. way too soon to tell, even trade sensitive issues could come back a little bit in sympathy here mainly on the view that china is threatening tariffs of its own but so far has indicated when it comes to boeing, it is intending to buy a lot more planes from the aircraft manufacturer, $1.3 trillion he worth over the next couple decades. so far no indication that the chinese plan to curb on that. we'll look at half full glass of trading. something that is much greater life and death concern that is preparations underway for florence. the salvation army territorial disaster coordinator. jeff, thank you for taking the time. how are things looking. you're on the front line for this kind of stuff, every time we have fears of this kind of stuff. this is biggie. >> we're preparing that this will be a major disaster event.

we committed 52 mobile relief efforts feeding to three states. those kitchens are going on stand by. we're standing by even as we speak. neil: what do you do? a lot of people will be going to safe locations, either school gymnasiums or hospital centers, anywhere they can house a number of people to protect them from the storm but a lot of people are resistant to leaving their homes. how does the salvation army come into play on this? >> if you were in a mandatory evacuation zone we encourage you to evacuate. i was there during hurricane katrina and saw what a major hurricane can do. i saw homes smashed to splinters. it is just not safe to stay. even we have salvation army units on the coast if we're told to evacuate, we're also getting out, go to a safe place, stage, come back in once the disaster is passed. neil: i was reading or at least the caroline area this could be

the worst storm to hit in better than five decades. a lot of people are saying this could be another hazel which was a humdinger of the storm back in the 1950s, 1954. could eclipse that of hugo in 1989. what does the salvation army do knowing numbers like that, fears of catastrophic damage? some have begged at minimum of $20 billion? how do you get ready for something like that? >> well, you preposition your resources. we have trained disaster teams. you really do get ready but we do count on public support at this point in time. the best way to help right now for this disaster, support your charity of choice. if you want to support the salvation army, give a financial gift at salvationarmy.org. that gives our volunteers and diss ister resources to help others. neil: thank goodness for you. it is scary stuff.

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neil: finding out a little bit more of the president's canceled trip to ireland. it was part of european tour recognizing in paris the 100th anniversary of armistice day commemorating world war i. the irish spokesman the president's trip was postponed for scheduling reasons. i thought it was scheduled. they had it on the calendar. they have reservations. look up for a little howard johnson's. i don't know. i don't know. that voice you hear is my good friend, charlie gasparino. did you know about the irish spring? >> i didn't know he was going over there. neil: well, he is not. >> i grew up with a lot of irish guys. by the way they love trump so you know. neil: absolutely. i wanted to touch base on the trade at this tit-for-tat and tensionses. >> right. neil: china was checking with

wto slapping tariffs on us and checking with them first but boeing is bragging about all these china plane purchases the next couple decades north of $1.3 trillion. so weird vibes. >> what is going on here, the chinese are reaching out to corporate america, essentially lobby about the trump administration on, against his china trade policies. it is interesting that, he set up a meeting for september, excuse me, the chinese government set up a meeting with wall street firms for september 16th, which was anomaly, at least, you know -- neil: at the time of the u.n. confab and all that? >> i believe so. neil: okay. >> anomaly to increase business relations. but really to, wall street firms know this, really to enlist the firms to lobby the trump administration against going into a trade war with china since all these firms have so much business there. here is what we know about the meeting. the firms themselves are not too crazy about this idea. we do know at least two major

wall street executives are pulling out of the meeting. they will send number twos. we do know, steve schwarzman the ceo of blackstone, the big private equity firm is not going to attend. neil: why? >> i will get to that in a second. jamie dimon, ceo of jpmorgan won't attend. both citing scheduling conflicts. from what i am hearing inside the company, listen, they don't want be part of something -- look at this way, if jamie dimon has a problem with trade he can call up trump himself. he knows this stuff. he doesn't need to be part of a dog-and-pony show. jpmorgan, blackstone and other major banks from what i understand are going to send senior executives there, but those two are not going. that would be a pretty big statement in dimon and schwartzman went to this meeting. neil: all of these men and women expressed concern that this could disrupt the very rally they -- they don't want to get in the middle of it.

>> think about it, wall street ceo lobbying trump on behalf of the chinese government? they have lots of business over there. blackstones that plenty of business in china. so does jp and all these firms, they do well by having u.s. companies having access. neil: not xi xinping? >> no. his number two. they will send number two, they feel they have cover to send a number two? >> i think they just, they don't want to be part of overt lobbying effort. neil: how real do you think this is? >> china is the big trade. we can get something settled with canada in next few days and weeks. china is the big worry. >> here is what ceo's tell you. china is a bad actor. give peter navarro one thing he raised consciousness, and donald trump, all the bad stuff china does on trade, stealing intellectual market, no doubt. they have a huge market and booming economy even as they slow down and our major businesses want access to that economy. they want so much access to the

economy they were willing to give up intellectual trade secrets to get access to it. there is where the conflict is. they all want to do business there. it is good for these companies to do business there. the u.s. sells a lot of stuff to china we point out. we buy a lot of stuff but we sell a lot of stuff. the trump administration makes a very good case about them being bad actors on international trade and now we're having a conflict. i think of all trump's trade agenda, some i think is insane, this is real. listen, china is a very bad actor. they violate human rights. the journal, "new york times" had a huge story about persecuting muslim, chinese muslims. this country acts, this is a totalitarian regime that we have to be very leery dealing with. they want to steal our lunch, there is no doubt about that. trump, give him credit and navarro calling this to the attention but there is a business side of the story. we sell a lot of stu there.

now we get conflict. it is interesting that the chinese do an end round around trump and peter navarro, lighthizer, trade people, go right to the wall street ceos. the two biggest ceos, we should point out jamie dimon runs the largest u.s. bank by assets. i believe blackstone, have to check me, is biggest private equity firm, certainly at the top. when big guys like that don't go that's saying something. they will cite scheduling conflicts. from what i understand inside these companies they just don't want to be part of an overt effort by the chinese government to lobby for trump. neil: every time i hear scheduling conflicts it is a lie. >> i hear it might be true. neil: you don't like the irish. >> yes, why would trump do that? neil: i don't understand. oh, we don't know what happened. calendar filled up. we did this with the canadians with the trade thing. by the way looks like they're

back at talks. >> with canada? neil: how do you think that will work out? >> listen if you read bob woodward's book the guy might sign an edict tomorrow cutting off the north american trade agreement. they're smart enough to know that would damage the economy. they will, my guess, when said and done, i could be completely wrong, it will be a lot of chest pounding and donald will say, i got the greatest trade deal, biggest ever, in 100 years. it will be good stuff but very marginal. both sides claim victory. we'll move on. the china thing is different. he is right about them. they're like kind of evil. what -- neil: trash you for being a negative trump per, they will not hear the remark you just made. they will hear the fact you're fair, balanced journalist. >> fair, balanced unafraid. [laughter] neil: sometimes probably just as well. thank you, buddy. >> the greatest trade deal in a

bazillion, kajillion years. is my trump impersonation -- neil: it's a little james cagneyish. >> but getting better, right? donald gave me props for making it better. neil: good to hair. thank you, my friend. charlie gasparino. we're looking at corner of wall and broad. we're up 130 points. even though it has been a early month, rough month for technology. apple leading way for technology products coming out. they cover everything from larger phones, to more intense ipad pros, you name it, watches. we're told stuff that is evolutionary, not revolutionary but for the stock today, a jump. more after this.

♪ >> on september is 1th,

2001, a band of brave patriots turned the tide on our nation's enemies and joined the immortal ranks of american heroes. at this memorial on this sacred earth in the field beyond this wall, and in the skies above our heads we remember the moment when america fought back. neil: all right. the president choosing this day to honor the heroes of the shanksville attack, where a whole generation ago it seemed like the world was fixated. and now millions have since been born who know it only in history. virginia republican congressman, former navy seal scott taylor. congressman, thank you for taking the time. >> neil, thanks for having me. neil: with everyone of these remembrances, i think they're

important, i'm sure you think they are important, i think reading the names in manhattan that is important, it is a good thing to do, but for so many, my own sons, included, before they were born. i'm wondering how you keep alive for them and how you keep that meaningful for them when it is just history to them? >> well there is no question their experience will be different for you and i and everyone else who was alive that day of course. a very deeply-ingrained day in our minds. we all know where we were. i was where you are in a couple weeks ago with my five yearly son and looking at the streaming waterfall in the memorial there. he is a little young now. i want him to know, i want him to know, i will teach him what happened that day, how our communities, cities, country came together and then of course folks like myself and friends who i served with fought for this country and my son is

actually named after someone who gave the ultimate sacrifice in afghanistan. i think it is important not only do we remember and pay tribute to those we lost, not just for them, but for ourselves as well and for the next generations to come. neil: you know, congressman, you're pretty modest about this but as a former navy seal you put a lot on the line for your country, if you were to have ever seen that al qaeda, the taliban, all of these nefarious elements and terror groups would still be alive and well, we can argue whether they're on the run or not but they're alive and well, they seem to pop up undernew names like cockroaches whether boko haram or any cascade of guys or groups, what would you have thought of that, almost two decades later this problem persists? >> well, that is a good point, neil. it is important to remember today we're still at war. folks are still in harm's way. i still represent a distributes

with many people still in harm's way, taking the fight to the enemy, this type of war, this type of conflict is idealogical. we don't know when it may end. you're absolutely right, the threat is a networked one with the ability to rise up and use the internet or anything else would be radicalized or say that they're, give their allegiance to this supposed caliphate or this person or that person. you know, it is a tough fight, it is one that is generational, generational one. i'm not sure exactly when it is going to end but it is important to recognize we are still at war. we're still in harm's way. neil: do you think it can happen again? >> i do. you can't obtain 100% security. it is difficult to do so. god forbid it ever does. i think there is a threat out there. we have obviously amazing men and women on the front lines and not just military but

first-responders and law enforcement agencies and intelligence agencies that have prevented this, successfully stopped attacks since then. to think it can't happen fenn would be a little bit naive. neil: congressman, i was counting this up, so my numbers are suspicious because of my math, go ahead and argue them, i believe there have been 11 follow-up attempted airplane attacks since 9/11, got very close to happening, being pulled off, the shoe-bomber, under wear bomber, and other attacks that were planned or foiled before anyone got on a plane. what do you think it is about airplanes and this strategy of terrorizing us? that it is still the preferred method? >> well, certainly meets the definition of a terrorist attack, right? neil: right. >> sensational. gets a ton of attention. it doesn't have to be successful as of an attack as 9/11 to create tremendous fear, widespread fear in a nation.

i understand why it's a preferred method but i'm thankful we have so many folks out there working 24/7 to prevent this type of thing from happening on our homeland again. neil: congressman, thank you very much. for your service to this country as well. i don't think you have to be on the right or left to appreciate that. >> agree. neil: thank you, sir. >> thanks, neil, for having me. neil: think of cantor fitzgerald all that was lost that day. the big investment firm lost 650 employees on 9/11. it holds a charity event every year to honor them, help them, remember the families, to provide educations whatever else they can for all the children of those who were killed or their parents who were killed that day. lauren simonetti at the event. lauren. >> i'm so happy that is how you introduced this because i was just talking to someone who was at the firm 17 years ago, neil. it is his birthday today, so he happened to take the day off on september 11, 2001.

he pointed to the front row, he said you know what? 17 years is a long time. there are children of colleagues who lost their lives that day are working here. one example of out bgc and kantor fitzgerald gave back, raised money to help the victims of 9/11. they have raised since this fund began in $2,005,147,000,000. $147 million goes to families, to charities around the world. one way they generate so much money. these guys are working today. 100% of their revenues going to charity. you can hear probably the loud speaker behind me. you can see the back of common, the rapper's head over there. they called in bigwigs, celebrities, the stars, we had leave schreiber before. victor cruz. they make trades. can be kind of fun. this is usually hollywood types.

they don't understand what they are trading especially when traders give them complicated orders. what a great cause. 17 long years later. you know the area, downtown manhattan is revitalized. it was difficult to bring the firms, bring people back. they have done that neil? neil: lauren, thank you very, very much. there are some vignettes and stories of 9/11. i always found fascinating in the case of cantor fitzgerald workers. they were in early to work every day, early to work to begin government bond related trading. the ones whose lives were saved were a couple who that day were late. more after this.

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have health care for all but now we can look after and providing benefits for child care for all. to be fair to the senator though he has ways of paying for this. remember when he ran for president was open to a middle class tax hike because he said simply raising taxes on the rich alone wouldn't do it. so you can argue back and forth whether that's the way to go. but at least he has a plan how to pay for it. everyone will. to democratic strategist mack burns, columnist liz peek and upside columnist ed connor. let me get a sense at least what the senator is saying. these are popular things. it is the push of the democratic party lately, and if i can explain to people it is payable by asking more to pony up they will because they will get a lot more out of it. you say? >> some voters don't recognize when you tax the rich you're taxes investment. when you tax investment, you

slow down growth. neil: what if you go beyond the rich, like he is planning to? >> i'm talking about in the upper end of the income bracket. those are people largely doing investment, taking risks that grow the economy. when you tax them you reduce investment, slow down growth, you slow down wages, you slow down employment. if you don't see that these promises sound great. people at the bottom end of the wage scale i can't benefit from growth, i can only earn what i deliver to customers. i can't deliver much value to customers. the only way they get a wage increase is through government handouts. they don't see all the handouts show the economic opportunity. hard-working people in the united states, resent the handouts. they recognize this has impact on their jobs, family, prosperity. anybody that doesn't believe it, look to europe where the median incomes are 15 to 30% below where they are in the united states. neil: you're nodding your head. >> i total i agree. all these people who are

advocating health care for you will, medicare for all should go to europe. the latest polling in the uk, which is the oldest free health care service in the world is distinctly negative. people are waiting forever for operations. now they're outsourcing. literally the case reported by "the new york times," surgeries to france because the wait times in the uk are so long. i think the conversation has to go from how are we going to pay for it, what do we end up with and what we end up with is seriously distorted markets, basically a reduction in care. all the savings people talk about, rely on tremendous cuts, 40% cuts in payments to providers. end up with fewer providers, fewer people going into health care, that is happening in the uk. not that many doctors. vacancies all over the place. because it is not remuneration -- shouldn't try that on air.

occupation. neil: he is on the fringe. the senator's approach to this isn't commonly held by most democrats although that seems to be where the passion is in the party. >> talk about people affecting economic opportunity we have to talk about the people having to choose between working and taking care of their children because they can't afford child care. for example, my sister in indiana can go to college for a year at iupui for less than it cost to take care of an infant for a year. that is ridiculous choice. and with these state programs where people are being cut out for being above the limit at $50,000 a year -- neil: are you for what the senator is also been advocating that companies, like amazon, for example? should pay a tax to cover the costs of those workers who might rely on the government for a variety of these programs? >> i think we'll find the solution in the middle. if bernie sanders is fringe -- neil: that is pretty close slow right. >> if bernie sanders is in the fringe saying we need child care

reform so is ivanka trump. the she put a plan providing subsidies, the plan helps her, and bernie helps the other 99%. neil: you can't tell me her plan is for the rich. >> i think we can meet in the middle. >> in europe you can't lay off workers they don't hire workers. if women have to get maternity leave, they pay women less. neil: what do you go after the companies? in the case of amazon paying average 28,000 -- >> that is disaster. neil: where do you go with that? >> it's a slippery slope, the truth of the matter a lot of people in the part-time jobs, people not making liveable wage are choosing to do that because they're going to college after hours or part of their time or they have health care issues or whatever. so i think whenever you start messing with the market, this is sort of, you know, a rogue response in a way, we've seen

that wrote response turns out to correct. you cut off opportunities for people to work as they choose to work. i mean it is like, a little bit, hillary clinton and various others really opposing so-called gig economy. the gig economy really satisfies the needs of tremendous number of young people, people who want to spend half their time creating something fabulous in the basement, the other half of the time making money to allow them to do that. neil: your sister who is between a rock and a hard place? how would you address that? >> gig economy doesn't give health care benefits. neil: should it, should it. >> absolutely. neil: do you think the government has obligation to do that and child care benefits. >> absolutely. neil: then how would that be paid for? >> i say this, if we want more economic growth we can get more people economically involved and people are not spending into the economy and taking better jobs when -- neil: washington pays for that everyone including your sister and others were to pay more, would they be on board with that? because the senator saying --

get more out of this than you do right now? >> absolutely. people are getting nothing. we're already paying for, when people have to leave work to go get medical care, for when they need not go in or take a job because they're looking after their kids. in washington d.c., something like 89% of the median income is child care costs. that is how much it costs to take care of a kid for a year. almost 90% of the median income. neil: do we have responsibility? >> i mean, forgive me, i'm sure that you know i need to kind of have better data points on this, if you choose to have a big family, if you choose to have children, you have to consider the economic aspect of that, right? i mean a lot of people indeed make the decision to have kids and then they find out that they can't go right back to their job because health care is so important. maybe that is something they should have taken into account in the beginning. i'm all for parenthood. i think family is the most important investment you can possibly make but i'm not sure -- neil: depend on the day with the

kids. >> sure. >> most good workers can produce $10 of value for a customer. we say to amazon, you will have to pay an additional $3 or walmart or mcdonald's, they will say, hey, i can't produce is dollars of value for the customer -- $13 of value. when we raise minimum wage, people hire higher skilled workers. employment might not go down but shifts from low-skilled workers to high-skilled workers. neil: what if we cut corporate taxes? would a company have the wherewithal to do -- >> i think those corporate taxes you end up competing, corporations compete. those taxes end up in pocket of their customers and consumer. they don't end up in pocket of investors. might in the short run while prices adjust. they might in the case of say google where they probably have a monopoly but pour 98% of the country -- neil: you're saying they do have obligation, if they're enjoying all these riches and they got a bigger tax cut i think they ever saw coming, right, they should

share that? >> if there was not nearly this level of concern in talking about tax cuts for corporations that rolled it back into profits for themselves, that rolled it back into buybacks -- neil: they're free to do that. >> they're absolutely free to do that but i think same reason you see a lot of companies voluntarily adopting parental leave and adopting child care. neil: your sister and others, it benefits her pension plan this money is reinvested and she get as bigger gain out of it is a net win as well forker hads, right? >> it is not just my sister. not idea of blue state people. >> what would happen if we went to africa, hey, you have to have family leave, you have to have $15,000 a year health care insurance, these rule at things you need to do or you can't hire a worker, how many workers would get hired? none. >> first thing you learn trying to do this, can't compare a postindustrial superpower and -- >> it is all a question of

price. >> europe cannot get out of its own way. it has not been able to grow, the imf, world bank, all these organizations are saying for example, to france you must change your labor laws. you must free up labor, stop ladling on to businesses all these responsibilities which definitely hurt growth and hurt hiring and income growth. i don't think it is that hard to find some examples why we don't want to go down this path and it is basically across the channel. those are developed countries. >> tried to do it for last eight years. slowest recovery since the great depression. we ran this experiment for eight years, not angola experiment, not europe experiment. a tweak at margins. neil: do you think we'll run out of money, max, to his point, maggie thatcher is famous for saying that eventually you run out of other people's money but i think of venezuela, a country was knee deep in riches, oil, everything else, enough on per capita basis to make them all the 1%, promises commitments were made to the point it is anarchy now.

so it squandered all of that, making promises to all, that exceeded even the vast sums of money it had. that's possible. >> it's amazing that we go immediately from the united states to angola and venezuela and we're preaching immediate collapse. neil: there is a difference between angola and venezuela. >> we went to europe and united states five years ago. neil: i could mention italy, i could mention greece. >> mention france. neil: commitments that go beyond its ability to pay. do you ever worry that you look at a riches could come back to be squandered? what we're doing now with our debt? >> no, i agree with the idea this is not a resources problem in the united states. it's a political will problem. we have no problem spending other people's money on issues like tax cuts, on walls that mexico is going to pay for. neil: you don't have any problem with the extra 10 trillion we're adding to the debt under same budget? you're focusing on 1 1/2 trillion in tax cuts. i find that interesting.

>> i'm pointing out that we have no problem spending money on priorities that benefit wealthy individuals, corporations put cry when we propose spending same amount of money elsewhere. neil: -- debt, right but you're not concerned about the 10 more trillion in extra spending that is doing that on steroids? >> if we want to grow the economy, which is what the president says is what all administrations -- neil: we are growing. >> the way to grow it get more people involved and give them more economic flexibility. you don't have that if you're spending every paycheck on child care. neil: everyone pays for this, right? >> yes. >> but we are getting more people involved. the unemployment rate is incredibly low level. i would argue, literally everyone who wants a job can now get a job. that seems to me beginning of opportunity. i would say on health care which i view as much more important conversation than child care, because it is bigger, affects everybody, this is problem for

republicans. republicans opened themselves up on health care, that is what the democrats are doing. proposals about medicare for all are obviously economically incredibly difficult and far-reaching, and dividing the democratic party as much as it has republicans because not everyone supports it. neil: they have botched the response, haven't they. >> i'm not so sure. i think what we've seen is a roll back of regulations. roll back of some health care expenditures. what we've seen acceleration of growth to 4%. we've seen an acceleration in capital investment to 8%. hard for people to see that we've seen unemployment drop to less than 4%. neil: we shall see. you all argue your points like adults without any screaming or yelling. we'll save that for the next break. in the meantime here we're up about 135 points. tech rebounding today. the question is for how long. an expert on that after this. why bother mastering something?

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ythen you turn 40 ande everything goes. tell me about it. you know, it's made me think, i'm closer to my retirement days than i am my college days. hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that. you may need glasses though. yeah. schedule a complimentary goal planning session today with td ameritrade. neil: tech trying to rebound today, took a little bit longer to rebound. but it has been a pattern of this long bull market where tech stumbles but doesn't stumble for long. the read from craig smith a great market watcher. what do you think of this rebound, how long does it last, which is real? >> gosh, neil, what a big question. i think a lot of it is going to

depend upon what we see come out of the trade talks, neil. all the focus this week, because we've had such great news last week and beginning of this week, all the news is focused on what happens in these trade talks. and i got to tell you, i think tech has a lot of concerns right now, neil. think about it. we talked about this last time we were together. the chinese are willing to give on opening up markets to us. they're willing to give on increasing purchases from us. they're not willing to give on the whole issue of intellectual properties, neil, heading companies accountable to give source codes if they want to do business in china. i think that's a big sticking issue. if we don't have positive information out of the trade talks i think you see all the fangs retreat dramatically. neil: apples, facebook, netflix, this could cascade south again? >> sure. let me tell you why, neil. people have a tendency to believe the "fang" stocks are american stocks. they're not. they're multinational corporations that are just as,

it is just as important for them to focus on manhattan as it is madrid or boston as it is barcelona. they will look what is best for them globally, neil. and not particularly what is best for them domestically. neil: that is well-put. i will copy that one, say i came up with it. let me ask you about the trade thing here. i guess you and i gotten into this before, the markets will think cooler heads will prevail. chinese are negotiating things, offering possibilities, making deals with boeing. we get this commitment that boeing has out of the chinese, $1.3 trillion worth of planes over next couple decades. they throw these teasers out, all that goes, they pull deals with apple, they pump other things and start pulling back from us? >> the short answer is yes, neil. let me tell you why.

corporations, let's look at apple. china represents 1.3 billion consumers to them. i mean they can't just say, well, we won't play with the chinese. we'll pick up the march marsh marbles and go home. they have to work with the censors in away screening and search enbegins. i don't think this is simple equation kneel. i believe this week will tell us a lot what they are. if donald trump gets what he is asking for, another $267 billion in tariffs, neil, we'll in essence tariff every single product china brings to this nation. i don't think it will be positive. everybody thinks it will hurt deere and caterpillar, all that. this is where i disagree with the market. i think this will hurt tech ever worse than it will hurt our manufacturing sector. neil: you've been more accurate than the market, young man. so we should listen. china is asking the wto, the world trade organization permission to impose sanctions

on their own with the u.s. they're not lying back. >> isn't that a joke, neil, when you think about it? they're going after us for sanctions? the wto, please. neil: there is a word for that, but i can't say it on cable. craig, always good seeing you, craig. thank you very, very much. >> same here, neil. neil: if you look at economic issues going on let's say on september 10th, 2001, they sounded early littlely familiar familiar --er littlely familiar. there is something that happened on the 11th.

neil: all right. my good buddy joe didn't warn you it would be hurricane season. now we are looking at a category 4 storm that could soon be category 5. what are we looking at here, joseph? >> well, in the preseason forecast, it said there would be less total activity but we were really worried about in close in the western atlantic, because of the way the pattern, you can see it starts setting up. we were worried one of them would bust out and come in this way and that's what florence is doing. it's not like last year where we had, you see the parade in the atlantic now but guess what? isaac will fall apart so florence is the real deal. i can't say much more than what i have said. this is going to be the worst

disaster in recorded history, natural disaster, for the carolinas. that's what i believe is going to happen since hugo was a $36 billion storm. this is given where this is hitting and the population buildup since then, and the fact this is going to move slower, dump more rain and lead to catastrophic flooding even as it's weakening, this could be over a $50 billion storm. harvey was $125 billion. this is going to be probably top five or maybe even top three or four. neil: hugo was 1989. angel before that, which was the real killer in 1954. you are basing that on the fact it hangs around awhile, too, right? this is a slow-moving storm. how does that enter into the equation? >> well, also on the fact it may hit stronger than hugo hit and hazel hit. people don't remember 1958

hurricane helene, ten miles offshore, never made total landfall but it was stronger than hugo and hazel. this may hit with the intensity of helene which had winds of 150, 160 miles an hour. wilmington took a bad blow from this. this is where we have been saying since last wednesday because of the overall pattern, the pattern pushes the models around. people are fascinated with the models moving back and forth. you have a situation, folks, very similar to the 1950s as the old-timers called it the newfoundland wheel when you get the big high in the northeast atlantic, the east coast is susceptible to storms. this is coming in perpendicular. a lot of these storms that hit, they make the big arc up the coast and because they are arcing up the coast and paralleling the coast, they pull in dry air and weaken on their way north. this is coming directly in, perpendicular to the coast, over the gulf stream, so it's liable to hit at max intensity. then it slows down coming in.

it may take two, three days to go from the coast all the way back into the western north carolina and all the immense amount of tropical moisture available from a storm that came from africa and is coming over abnormally warm water is going to have to rain itself out. it's a two-pronged attack. the viciousness of the storm when it reaches the coast, and then it raining itself out as it moves inland. by the way, before we go -- neil: go ahead, finish out. >> the texas gulf coast, i don't want to ignore texas gulf coast. there will probably be a minimal tropical storm with a lot of rain between corpus and brownsville. hawaii is being impacted by olivia so this is pretty much, i have never seen three storms hitting at once, hawaii, texas and north carolina coast. as far as escaping, no, when that high gets in the northwest atlantic at the surface and aloft like that, they are coming in. this one's coming in.

neil: all right. you answered my question. thank you for the education. our chief market strategist joins us now. alan, obviously a lot of commodity related prices, gasoline, oil, affected by the storm. what are we seeing here now? >> well, the energy markets always have price shock potential so anything that causes disruption can drive the markets higher. the initial reaction to this coming into this morning, the market was muted because the thought is there's going to be less consumption on the east coast over this next week or so as people figure out the situation initially. but then after that, we'll have to wait and see, see what kind of disruption there is to the supply pipeline going from the texas area out east, then that could cause prices to rise. initially, negative reaction but longer term, it could be a push to the upside. neil: everyone always talks about the storm isn't where i live, it's not in the affected area where i am, but a lot of these things trade in the open

market, so people forget it will have an impact, whether you are in its path or not. >> right. the markets have a delicate balance, especially the energy market. when you look at crude oil, the supply/demand balance is very precarious at all times. any disruption typically usually we see something happen in the middle east, but we are in storm season. the last two seasons, we haven't had major issues as far as the disruption to drive the prices higher. what really happened today, we got the market up 2.5%, crude oil. some numbers came out looking for production to come down the rest of 2018 and 2019. that was unexpected and they forecast their prices for both these years at $67 a barrel which is a little higher than we were trading now. that gave the market a boost. i think we initially priced in the hurricane concern. now let's see what happens with the fact as we get to thursday

and friday. neil: your views on the markets right now, storms you hope are short-lived and hopefully safe affairs but how do you play this market right now? >> well, i'm still bullish the overall market. i use oil as a barometer. you look at global growth, that's a positive for price. we have seen prices move higher. in the bigger picture, we kind of stalled on crude oil. a couple weeks ago, you're looking at the 4th of september, we got up to $71.50 or so, about 25 cents short of the high we have seen in the october futures contract. since then we have seen a little stall. we are essentially trading between 65 and 75 since april. breakout in its range, the overall bull market, targets 85 on the upside. the stock market still holding strong. oil and stocks move in tandem as assets reflated in the last couple years. neil: thank you, my friend. i appreciate it. meanwhile, back to this hurricane. i should stress the fact there

are multiple storms and a lot of them, if you look further out in the atlantic, are backing up like planes at laguardia. let's get the read on this particular one that's getting all the attention, florence. jonathan is right in the path of this thing in north carolina. reporter: in the path of this thing but right now, it's a clear day. work crews are taking advantage of the sun to make preparations. this structure over here used to house a lifeguard shack. they removed the shack with heavy equipment so it wouldn't get blown in the wind and add to the debris, then at a nearby construction site, they are securing any lumber that isn't already attached to the building, not wanting to add to any projectiles that might be blown through the air when hurricane florence comes ashore possibly sometime friday morning. now really is the time to prepare for the storm. throughout the carolinas, maybe people have been topping their tanks and heading out of town. at noon today, south carolina

officials plan to -- actually, they already started reversing lanes on four major highways leading to charleston and myrtle beach. as we speak, all of those lanes on those major highways are now carrying traffic away from the coast. >> this evacuation order that i'm issuing is going to be inconvenient for some people. it's going to be inconvenient. but we do not want to risk one south carolina life in this hurricane. reporter: in charleston, people are fortifying buildings with sandbags before they leave their homes and businesses. for those who decide to ignore the evacuation orders, emergency officials warn that if weather conditions get too bad, first responders won't be able to get to them immediately in an emergency. authorities are also asking people to limit their 911 calls during the storm to only life-threatening emergencies. >> do not call 911 if you have

water in your house. however, if you are trapped in your house by that rising flood water, that is the time to call 911. reporter: here in north carolina, when you declare a state of emergency, it automatically triggers some pretty strict price gouging laws that the attorney general for north carolina urging residents and visitors to report any potential abuses, any sudden spikes in prices for essential items that people may need to buy during an emergency such as this rapidly approaching storm. neil? neil: thank you. be safe yourself. appreciate it. again, the latest read on this is wednesday, late wednesday night, possibly thursday morning landfall. but again, getting the exact time of this is inexact. what they do know is it will be a doozy. at least a category 4, potentially category 5. ♪

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neil: we are told canadians are back to the table. that's got a lot of people excited because chrystia freeland, foreign minister of canada, once again negotiating with u.s. trade representative robert lighthizer. i have a feeling ed lawrence will know the direction these talks are going. he joins us from nation's capital.

reporter: the minister of foreign affairs just stepped out of the meeting with u.s. trade representative robert lighthizer. they had a good constructive meeting, she said. canada is now on the clock to see if negotiators are come up with a revised nafta deal. the minister took time out to acknowledge the tragedies that happened here in 2001, saying canada stands in solidarity with the u.s. over this tragedy. >> remembering today and what happened today, maybe that helps us all put into perspective the negotiations that we're having and also put into a little bit of historical perspective the importance and the significance of the relationship between canada and the united states. at the end of the day, we're neighbors and at the end of the day, neighbors help each other. reporter: for the agreement, canada believes they have until the end of september to sign on to this agreement. the u.s. may need the final language before then. we have obtained a letter here from the democrats on the house

ways and means committee. in this letter, it says quote, while we appreciate that it takes time to iron out the final details and text, we believe that it is not in the spirit of tpa to send to congress an official notification letter until all three parties have formally agreed to move forward together with an updated trilateral agreement. democrats trying to delay the process. this letter did go to u.s. trade representative robert lighthizer yesterday. the letter outlined how the final language of this needs to be given to congressional committees by september 30th. if you follow the timeline, it must be made public by 60 days before the signature of it. in order to make it public before the new -- or this current mexican delegation or presidential election changes hands on december 1st, the language has to be posted for the public by october 1st. that deadline is quickly approaching, especially since we don't have the final language business agreement just yet.

neil: just to put the canadian sacrifice in perspective on 9/11, remember 24 canadians were killed in the 9/11 attacks, most of them in the world trade center, working for such firms as cantor fitzgerald. people forget that. canadians were heavy casualties on 9/11, to say nothing of canadian soldiers who put their lives on the line soon afterwards as we extended the battle on terrorism to afghanistan and later, iraq. people forget that. we shouldn't. meantime, boeing is indicating right now china is interested in buying almost $1.3 trillion worth of new airplanes over the next couple of decades. talk about long-term customers. will that still be the case if there's a freeze in trade, or a war on the trade front? the "wall street journal" chief economic commentator, greg, i was wondering about the timing of boeing passing this along. it wasn't by accident. what do you make of that?

>> i think that you put it together with a couple other interesting signals, for example, my colleagues today are reporting that beijing has signaled to american companies in private meetings and plan to do so again this weekend that there will not be any cross-border retaliation against american companies as a result of trade friction between china and washington. what you need to read into this is notwithstanding the fact china has the ability to punish american companies, and american exports, it's not necessarily in their best interests, either. they need the boeing aircraft. their own aircraft industry is still at an infant stage and if they basically locked out boeing, they would hand all the control over to airbus. no customer wants to be in that position. they are still a country that relies heavily on western technology, western investment, western know-how to accelerate its own development. it is very sensitive to the fact that allowing the relation to deteriorate imperils that

future. neil: i thought what a great question to raise with you, because you are so smart and all that stuff, but china apparently will check with the wto on getting permission to impose sanctions on the u.s. cynically a lot of people look at the wto even though we won a lot of decisions going to the wto, as being sort of a kangaroo court for whatever the chinese want to do, that they have gotten special treatment, they are still looked upon as a developing nation in the eyes of this world trade organization. what's that about? >> i think that you actually look at the specific decisions where the united states has sued china or china has sued the united states, you really can't find any evidence the wto has been unfair to the united states. neil: absolutely right about that. we always harangue them. fact of the matter is they have been a friendly body to us. >> they have. in terms of the letter of the law but there's another picture here. if you pull the camera out, legitimate questions can be raised whether china has actually adhered to the spirit of the law. let me give you one simple example. when china joined the wto, it agreed that like all members, it shall publish all subsidies that

it makes available to chinese companies. you have to do that because then other companies and foreign competitors know how to ask for relief from that unfair competition. china doesn't do that. one of the reasons it doesn't is because the nature of the economy is such that a lot of those subsidies don't really look like subsidies. local governments constantly sell land or lease land at submarket rates to chinese companies. that doesn't show up as a subsidy anywhere. you could go on and on and on about all the sort of subtle ways china is trying to violate the spirit of the wto. there are legitimate questions to be raised about whether china has actually been, you know, a full and reasonable member of the wto since joining in 2001. neil: still, your newspaper is famous for commending the president on the economic front for what he's been able to do with tax cuts and cuts in regulations and the like, but when it comes to the trade front, all but saying you risk blowing all that up if this goes too far. is it your opinion that your

editorial page writers are right, this is something that could wipe away the benefits if it goes far afield? >> well, i'm on the news side. i will let the editorial page speak for itself but let me make a couple points. i think you have had a series of policy initiatives out of this administration which have been very well received by businesses. you can see that in the business confidence numbers. i'm talking about the tax cut, i'm talking about the reduction or slowing in regulation which i think matters a lot. and against that, absolutely businesses are much more uneasy about the trade frictions and protectionism. i would say that at this point, notwithstanding all the headlines, what's happened on the trade front is small compared to the positives that have happened on the tax and regulation side. i think what the president has to keep in mind is first of all, the bad news keeps sort of like outweighing the good news and these things, there is a risk of them spinning out of control. there is also, even if the trade

stuff isn't a big negative, it's still a negative. the president, by constantly focusing on, for example, i'm going to have, you know, these products, i'm going to raise tariffs on steel because i want to help steelworkers' jobs, is neglecting the harm that it's causing to all the industries that consume steel, the harm that's occurring to farmers, you know, that can't sell to china. neil: i thought i would get you at a weak moment and throw your colleagues under the bus. you didn't take the bait. touche to you. it's always good having you. i appreciate it. greg ip. you know, the one thing about this day and the coverage that was all ensuing, what we were finding out, listening to john scott and how cool under pressure he was, and also my buddy david asman who was logging a lot of hours, calmly, accurately looking at the impact but never losing sight of the fact we could overcome this and

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neil: hard to believe it's been 17 years. imagine covering that, reporting on that, trying to get a sense of the gravity of that as it's happening. that was the position david asman was in back then, covering that. i forgot, david, between you and john scott, how cool-headed you were through all of that, and the enormity that was happening right before you. one clip i heard during the pentagon attacks and on and on. but so many had this entire country written off at the time, as you were paraphrasing, talking about they went to our financial capital, to our military capital, yet we survived. >> we not only survived, it only

took two months, that's the extraordinary thing. the market of course closed on 9/11, didn't reopen for a few days. when it did, it went down 5% but within two months, we were back to where we were on september 10th. it's extraordinary, how we recovered. actually, that was in the middle of a recession, too. we forget that. neil: absolutely. >> we had the triple shock, the dot-com bust, the accounting scandals, many forget about all that, and then we had 9/11. we also had, i can't emphasize it enough, we had tax cuts. george w. bush instituted tax cuts just before 9/11 and then in 2003, he had another dose of tax cuts and i really think that's what stimulated the economy in a very positive way to get the economy moving again. 2003, 2004, 2005 were very strong years of economic growth. 3%, 4% each of those years because of the tax cuts. again, the economy wants to

improve, but getting back to that day, one thing that you couldn't see, i don't know about john, but i know about myself. my wife and i live in manhattan. my wife worked at the united nations at the time and while i was reporting, trying to be as calm, because i knew america did not need hysteria when they were watching television, they needed somebody to stay calm, but meanwhile, every break i had, i was on the phone to try to reach my wife, because i was worried that the u.n. was going to be next, and my daughter had just left off at school, i don't know whether the schools were -- there were fears in everybody -- we didn't have any idea what was coming next. neil: no, we didn't. the markets eventually reopened and we did tumble in a big way, but we did come back and ultimately stabilize here. a lot is forgotten about that time. i'm glad they pointed out that we were, you know, in the fourth

quarter of the prior year and through that, the new year, recession had taken hold. it wasn't a deep, protracted recession but the tax cuts at the time, you could argue back and forth they certainly mitigated the damage. we won't know to the exact degree but it could have been a lot worse. were you surprised that it wasn't? economically? >> you know, the economy and the stock market are going to come back from almost anything, even without government action. it was probably accelerated because of the stimulus packages going on, the tax cuts. let's not forget there was also a lot of government spending that went on that started that point. there was airlines that would have possibly gone bankrupt. there was a whole lot of support, essentially. neil: by the way, a lot of that was prethe first wave, but go ahead. your point is well-taken. >> right. there were a lot of things acting to help the economy essentially. that's when a lot of spending also started, because of 9/11,

which boosted like the defense sector and jobs and hiring. there was a lot put into effect. amazing how fast it came back. it's almost dangerous to investors because now it creates a wow, something like that happens again, it will come back because it always is a buying opportunity when we have crashes and recessions but it leads to a level of confidence where stocks get more and more expensive and you think it will always come back, the government will step in and cut taxes or lower interest rates and spend money. there will be a point way down the road where the ability to do that because of our debt will be such we won't be able to buy our way out of it so quickly. neil: i was wondering, you mentioned this on air at the time, the idea the primary hit was our financial capital, new york, and that was the case certainly in the first world trade center attack to make new york a target. and it's been repeated since, or attempts since. that's something we just have to recognize. >> you know, i have asked myself that question. i certainly did that day, and

since. why, why the world trade center. the world trade center is a perfect example of how people, how markets, bring people together. that's what bothered i think the terrorists so much about the world trade center, because they were into this divisive mentality where you had to separate everybody, and the idea that people from all nationalities, all religions, there were a lot of people killed that were muslims on 9/11, all those people could work together and there's nothing like markets, free markets, for bringing people together, i think that really stuck in the craw of the terrorists and that's one thing we have to remember. it was a specific target. of course, the pentagon was targeted for obvious reasons as well, but the fact that the economic might of america is based on people working together, no matter what their differences are, and it works wonderfully. neil: if you think of all the financial firms that day that were hit from cantor fitzgerald,

on and on, it is a wonder how we were able to open up at all. forget about all the damage done to the exchanges, just to structurally get them going, but people forget that. that was quite an achievement in and of itself. >> it was. like today, looking back, we're on top of the world again in the financial capital but there was, you know, it wasn't so quick. there was a move there where people thought london was going to become the financial capital for a number of reasons. neil: i remember. i remember. >> the dollar went into a pretty long slide there, where we stopped being the number one untouchable number one destination for capital. everyone was like our past days are behind us, foreign stocks beat u.s. markets, that's where all the money was going. now things have turned around. looking back from here looks like wow, but there was definitely sort of lingering drag on the supremacy of the u.s. financial markets and dollar during that time. it lasted more years than you would think, even though the stock market did recover fairly quickly.

neil: gentlemen, i want to thank you both. very good points, all. >> can i just, one final thing. this is something i keep and look at every time, particularly this year. this is a piece of glass from the world trade center given to me on the week of 9/11 from a fireman. you can see how thick that glass was in the world trade center. you just imagine how many times people were looking through this glass not realizing what was going to happen. there's just some prophetic about something like this. as much as we forget, it does seem like a long time ago to some, you know, you got to be ready because you never know what's going to happen in this world. neil: you never know is right. gentlemen, thank you both very, very much. to their point, whether you are looking at what happened back then and what would be the financial meltdown seven or eight years later, we always come back. every single time, we have always come back. if i had a dime for everyone who said we wouldn't or that it would lead to a massive or

prolonged recession or worse, a depression, whether we are talking what happened in 1987 or 2001 or 2008, each and every time, we come back. we always come back. more after this.

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neil: all right. now it's up to one and a half million who have been ordered to evacuate along the carolinas coast, north and south carolina, just to get out of harm's way. there could be potential harm and expensive harm, at that. category 4 florence, that could be category 5 by the time it hits. let's get the very latest. hey, adam. >> it's a big storm, you absolutely nailed it. category 4, winds at 140 miles an hour. actually, it's scombroeprojecte strengthen over the course of today, maybe early tomorrow. winds from 130 up to 140, maybe 150. borderline category 5 as it continues to move towards the coast. by the time we get to the coast, maybe just a tiny bit of

weakening, actually, either a strong category 3 or category 4 storm. it will be right in that range. still, 120 to 140 mile an hour winds as this makes landfall early on friday morning. where's it going to go? well, anywhere from charleston, south carolina stretching up to norfolk. these are all areas that could see a large impact from this system so if you are anywhere in that region, you really need to pay attention. the storm surge will be an issue, particularly right where the eye moves onshore. currently, again, this could move a little bit, but we are looking at spots getting up to six to 12 feet of storm surge. there's a lot of low-lying areas across portions of southern north carolina so this could be pushing that storm surge inland a little way farther than just the initial beach. so flooding is likely going to be an issue. the tropical models display another problem. all pretty much in agreement you are running up to the carolinas but what happens next, once you get close to the coast. that's when the models begin to move around a little more. maybe a stalling there right along the coast and if there is a stalling, what we are going to

see then is rainfall really beginning to pile up in some of these communities. widespread, perhaps a foot, up to 18 inches, then you will see isolated areas up to two feet, perhaps more rain. there have been models that have taken us up to 30 to 40 inches. it's still early to be saying there's going to be 40 inches of rain but if this stalls, there could be some significant flooding come friday. neil: that's the issue, right? because if it doesn't move, obviously it just keeps raining. >> we saw it with harvey. it just rained and rained and rained. yep. neil: thank you, my friend, very, very much. in the meantime, kim jong-un is pressing for another meeting with president trump. hudson institute senior fellow rebec rebecca heinrich, what are we to make of this? apparently the north korean leader asking for it. what do you think? >> well, kim is still interested in engagement with the united states. he thinks that he's got an opportunity with president trump to convince president trump to

relieve economic sanctions. that's something the north koreans always want up front whenever they talk about denuclearization or dismantling a nuclear program. that's something the united states is not willing to do. as i watch this, it's like each leader, president trump and kim jong-un, is each trying to peel each other off and away from the rest of their national security advisers, thinking they can maybe get something from one another because of their personal rapport they have with each other. i don't think kim jong-un will be very fruitful in that endeavor but that certainly seems to be what he's up to. neil: you know, there has been a lot of weird things, a friendly letter to the president that president trump has not released, also the recent parade in north korea minus the long-range missiles that have been a prominent feature in past parades, and then the ongoing exchange of, you know, families from the north and south reuniting, remains that are returned to the united states

from soldiers killed there many, many decades ago. on that level, he is hitting all the right notes. but not much on the denuclearization level. what do we know about that? >> nothing on the denuclearization level. when we were sort of in the middle of the height of fire and fury between kim jong-un and president trump, when kim jong-un had increased the tempo of missile tests and nuclear tests, since that time, and we have entered this sort of period of detente, there has not been a single nuclear weapon or missile dismantled or taken out of that country. in fact, there are reports from intelligence agencies that have been reported to the media that in fact, the nuclearization, the increasing of nuclear weapons, continues in north korea. you know, north korea is one of those countries where they are doing so much bad that even if they do something that is good like sending back the remains of our precious war dead, they can

continue giving these little things but ultimately, it's not what we are after. what we are ultimately after is the dismantlement of their nuclear program. we have to keep our eye on the ball. neil: i'm sure you keep your eye on all these other developments. for example, vladimir putin and xi jinping are making nice today. they were making pancakes or crepes, i couldn't tell, but they were doing that together. they have been striking a cozy pose of late. what are we to make of that? >> yeah, i heard it call the sort of budding axis of autocrats because xi and putin. it's not just diplomatic ties. that certainly has warmed. i heard xi call putin one of his most intimate friends. warm relationship there, hundreds of billions of dollars of investment between the two countries. russia continues to export coal to china. you see this diplomatic,

business ties, increasing diplomatic relationship, business relationship, also on the military front. remember, russia will be kicking off its largest military exercises, 300,000 russians participating, and the chinese and mongolians will participate with the russians as well. there's this budding relationship from a military perspective, too. it's something we have to keep our eye on. great wars are won or lost by alliances so any time you see two countries like china and russia, two big massive nuclear powers with this budding relationship, it's something that the united states can't afford not to watch closely. neil: yeah. because any time you are making crepes or pancakes together, you are cooking up something. >> that's right. neil: thank you very, very much. meantime, all eyes will be on apple tomorrow. another big announcement. again, we are told it will be more evolutionary than revolutionary. not new products as much as advance products, advanced watch, advanced iphone but carrying advanced price tags as

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neil: all right. it's that time of year where apple gets ready to debut a bunch of new products, or should i say, maybe just newer products. what can we expect? >> super-sized screens. i don't know how you feel about

size. this is an old 7. i actually like this. there are going to be at least two new iphones that are more than -- neil: i have one. >> you do. yeah. good to take a phone call on. it's going to be 6.5 inches which is slightly bigger than samsung's newest 6.4. you knew it had to happen. price range is probably going to be $800, anywhere between $800 to $1200 depending on the model. neil: soup it up with all the memory and all that. have they proven people will -- not all, some will pay that? >> they will pay that. i think this is a bet, that apple is saying okay, consumers, you will be using the phones for more than just phones. we know you are watching your netflix series, we know you are playing your games, and i think they are making a longer term bet on making more money from

those offerings, hbo, whatever apps people are downloading and using versus the actual physical phones. but one side note is actually when they sell bigger screens, they actually pocket a little bit more. they are able to charge us even more money for the bigger screen even though it doesn't cost them that much more. neil: what else are they doing? they are revamping the watch a little bit? >> new generation watch, also new generation earbuds which most analysts expect to have -- remember the bose noise canceling head phones, you would always see the tv commercials if you are going on a business trip? apparently this will have that feature. the other thing which is actually -- neil: earbuds? >> yeah, earbuds. neil: okay. >> then two sim cards which i guess makes it very easy to go continent to continent or time zone to time zone. most phones sold in china have that for business travelers. neil: they are catching up to a lot of guys. they aren't getting in front of them. >> that's the apple magic. they never really knock

themselves out on cutting edge technology. i shouldn't say never. it's rare. samsung is always usually in front of them as far as actual feature development. it's just that apple kind of lets the other companies make a mistake, work out the kinks -- neil: isn't it every other year they come up with something that should be off the charts, or -- >> yeah. this year really is just everything a little bit upgraded, everything a little bit bigger. there's going to be some improvements to use facial recognition technology but you're right, there's nothing that is expected. maybe they are going to blow the doors off tomorrow, we don't know. there's nothing that's expected tomorrow that's really going to be game-changing. it's just going to be all the products, bigger and better. and more expensive. neil: you have two phones. >> i do. neil: why? >> one is our trusty work phone. the other is personal life phone. neil: the one they gave me is like an abacus. >> does it have an antenna? neil: thank you very, very much.

meantime, in the middle of that, we are eight weeks to the day to the midterm elections. what the heck is going on with time here? it's passing quickly. daily caller editorial director on how it's looking right now. there's one poll that's out, these are all over the map, that has the president's approval rating dipping a little bit. how consequential will any of this stuff be eight weeks from now? >> it's hard to see how it will be. the polls are kind of a rough metric to watch because we do see approval ratings dipping right now and it may be thanks in part to the woodward book, the "new york times" op-ed. think back a few weeks when you had all that legal action coming out against people like paul manafort and michael cohen. his poll numbers were unmoved by it. i think ultimately, you are going to see there's strength in the base and getting into election day is really going to be which party screws up the most. because if democrats are kind of led by the maxine waters impeachment push going into the final days before the election, you may see there are plenty of

republicans, plenty of trump supporters, who want to show up to make sure the house stays republicans. it will really come down to that final window of the last week before the election. neil: as you often remind me, it's district by district, a midterm is different than a presidential election and getting people out to vote in midterms is problematic. young people typically have a tough time coming out even for a presidential election. they did for barack obama, not in the numbers a lot of folks thought. midterms could be dicey. wouldn't that work potentially against democrats? >> yes, very much so. especially when it comes to the youth vote. i have already heard democrats kind of whining about the fact that the young people just aren't showing up in the way they need them to yet. concerns about millenial vote being there for democrats. that's the thing they expect will really help them and they desperately need during the midterms. neil: now, it would take 23 seats for the democrats to capture the house. are they going to get that? what does your gut tell you? >> my gut tells me at this moment, yes, but i don't know if

that ultimately portends bad news for the president in the long run. let's game theory this out just two more years. if the president wants to run for re-election, who better to run against than a democrat-controlled house, a recalcitrant obstructionist democratic-controlled house. i don't think the president is out of cards if he loses the house, but we'll see. for now, it does seem like it's tilting the democrats' way but i would not rule in any way out the chance republicans keep this thing. neil: i don't see it happening. what do i know. i will say i predicted donald trump's victory. but in all seriousness, i'm wondering whether the good economy takes some of the anger vote out of the ones who don't flip over the president and they're not as angry. they are still not big fans. they are not as angry. conversely, a lot of republican voters who are happy with the way things are going and hear this talk of impeachment you raise even though it's more on the right than it's been on the left, that it dissipates and

it's a wash. everything is kind of what it is now. >> i do wonder psychologically how exhausted people are by being angry all the time. neil: no, no, i have relatives who can maintain that for decades. they are in the minority. >> the cavuto family is handling it differently. the rest of the country, there is some burnout on all these stories. the russia story in particular ranks very low among voter concerns. that's across parties. i think that means if you are exhausted by all of that nonsense, what you are probably doing is thinking okay, am i better off than i was a couple years ago, and if that's the assessment you take to the polls, that's a very good sign for the president. the economy is humming along and so many people are looking at bigger paychecks and better lot in life, more job opportunities, more negotiating strength. those are all good things. if people credit the president with that, that's a good day for republicans. neil: that's what he's certainly hoping. vince, always good seeing you. thank you very much. we have got a lot more coming up, including updates on the talks going on right now

with canada's foreign minister and our own trade rep. they hope to hash out an agreement we are told by the end of the week. of course, that was the hope a couple weeks ago. it never materialized. now the canadians are feeling pressure to get something done, and soon, and the administration then turns its focus, we are told, to china. good luck on that. after this.

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it dissipates and back and forth on this, cannot absorb more than three or four-days. that appears to be the today. here is trish regan. trish: thank you so much, neil. we have a nice rally. investors brushing off trade concerns. canada's chrystia freeland saying she had a very productive meeting with president trump's trade advisors and that talks will resume later today. we're keeping a close eye on the white house, president trump is expected to announce any day a list of chinese goods that will be subject to a new round of tariffs. i'm trish regan. welcome, everyone, to the "the intelligence report." ♪ also breaking this hour, ic