sort of a wait-and-see kind of thing. this is not unusual, but the market looking for some sort of a impetus and catalyst. we're down slightly. well, dow off 21 points. neil cavuto. take it away. neil: maybe clarity on some of all this stuff going on. here is what we know. brett kavanaugh, president's choice to become next supreme court justice of the united states. apparently he is at the white house. he is saying he is prepared to fight fire with fire. he is eager to get his side of the story out. that these allegations coming from christine ford are completely false. and the allegations have no merit. nevertheless the committee, the judiciary committee that would take up his nomination on thursday might push it back. there is no word on that, as whether christine ford will get an opportunity to testify and after that, much like clarence thomas and anita hill, remember that soap opera back and forth. he got to state his case.

he got to push his case. it pushed weeks back. republicans fear there is not a whole lot of time. whether a vote is ion possible to get this out of committee especially if a key member of that committee indicated right now that he has concerns going forward. jeff flake saying right now he cannot, move so quickly unless he gets some of these issues settled so that would at least delay the vote potentially. chad pergram following all of this on capitol hill. what are we looking at? >> i want to point out the schedule. this committee vote was scheduled thursday f they want to have brett kavanaugh and christine ford is, that will be a real problem. yom kippur, day of atonement. is senate is out earliest at sunday down. just because you had them in doesn't mean members say they satisfied requirement, gone through all the necessary paperwork. look at hill-thomas model from

1991. they reopened hearings. similar timetable. they finished confirmmation hearings and brought them into the hearing room. heard them from three days. don't know if they are willing to go. nowhere is it written you have to have successful committee vote to send nomination to the floor. robert bork, granted he was defeated on floor. they voted him out of committee one favorable recommendation. clarence thomas was sent to the floor without recommendation. jeff flake and other republicans start to peel off you don't know where things bo in committee. don't worry about committee, neil. the key is votes on the floor. everybody is looking at susan collins of maine and lisa murkowski of of a last. if republicans can't get to 50 or 51 votes. the break down in the senate is 51-49 in favor republicans,

those senators or jeff flake peel off, there is no way they get any democrats to vote yes. all of these allegations leveled by ford make it easier democrats thought to be inclined to vote yes on brett kavanaugh, joe donnellys of the world from indiana, heidi heitkamp from north dakota, democrats from moderate from swing states who have challenging re-election bids this fall they won't vote yes if republicans can't get to 50 votes, neil. neil: it doesn't have to go out of committee. you can have a straight vote, can be perilous, sometimes not always time as you indicated in the clarence thomas situation. the clock is ticking. before the midterms and everything else, democrats are hoping to postpone this long before this allegation came to light in hope that maybe they take the senate in the midterms, all of this become potentially moot point. what do you think. >> shadows of midterms looms large. republicans have to be very careful not to misplay this. we're in the me-too era, if

perceived railroading this through by chuck schumer or not not do due diligence to hear the story of christine ford. nowhere it is written has to be on the supreme court 1st of october. which is the start of the new term. calendar to have committee vote on thursday. procedural vote to break a filibuster next monday. confirmmation vote on the floor next wednesday. nowhere is that written in stone. nothing has to happen by that point in time. neil: just to be clear, you're indulging my idiotic questions, just to be superclear, even if the senate were to switch and democrats were to control it, that doesn't happen until january. >> right. neil: so anytime before january republicans could still scramble to try to make this happen, right? >> but keep in mind, neil, that the math on capitol hill is you know mutable. if you have voights, murkowskis, collins, anybody else, democrats

peel off, no way senator senator will put a nomination on the floor that is going to fail. they will know well ahead of time if this is in trouble. whether or not they want to sit on this, have the nominee withdraw if they think these allegations are serious enough. only 11 supreme court justice nominees have failed in the u.s. senate. last one of course was robert bork was 1987, neil. neil: thank you, my friend, very, very much. you might say what does this have to do with discussion of markets and everything? it is another added uncertainty, not one the markets are convinced would be offended here, but another element or surprise many did not envision. it is not a right or rest thing i like to say. that a business-friendly brett kavanaugh might not be a shoo-in to become the next justice of the united states supreme court. that might be a leap too far. read on all this, uncertainty added to the drama from "the daily mail," white house correspondent francesca chambers. we have independent women's

forum hadley manning. antjuan seawright on all of the before. give me a sense where folks tell you this potentially stands? if they go with a committee vote on thursday, if that is the very least put off? >> white house kicking it to the senate saying that this is something they will have to decide which gives them a little wiggle room here. neil, as you point out this happened very quickly over the weekend, took them by surprise. this is not something that the white house expected. and so they're kind of struggling with how to handle this. we know that brett kavanaugh was at the white house this morning. we believe he is still here at least before he got up here. i'm told by his spokesman raj shah he is not meeting with the president here. he was here for other meetings. so there is a lot of speculation that he might have been meeting with white house counsel if he wasn't meeting with the president. i think that alone tells you a lot about what thinking is here at the white house if it didn't

rise to a level where the president felt he needed to speak with kavanaugh himself, at least not yet. neil: hadley, one of the issue for republicans they're in a no-win situation. they look like they riddlely dismiss this women's allegations from decades ago, it could alienate them among female voters. they want to be careful about that others say this is important to get done and get done soon. that a supreme court position that is still, you know, up in the air going into the midterms, that isn't constructive either. what are you hearing? >> there are certainly a lot of questions about this accusation unsubstantiated accusation from 30 odd years ago. this is something that those questions deserve to be asked and heard. on top of that, neil, there are questions we ought to be asking as citizens about this process. we know that senator feinstein knew about these accusations months ago. why is it here at the 11th hour we're finally talking about this publicly? seems our supreme court, one

body in our government that is supposed to be non-political, because the body stepped into policy making far beyond its initial constitutional role it is overpoliticized. that is where we are where we are today. those questions we could litigate the accusation here. there is a lot about the accusation that lacks credibility but more importantly we ought to be asking questions about the politicization of this particular claim. >> antwan, where is the risk for democrats. say the woman's story is legit, goes back to high school. back and forth whether that would be damaging issue to get him on the supreme court but do they look overly politicized, zealous trying to stop a legitimate nominee, what do you think? >> i don't think they look overly zealous. they are doing the work that their constituents elected them to do. i commended democrats for this process. your previous guest talked about this process being politicized.

i'm old enough to remember the republicans politicizing president obama's nominee would not even give him a hearing. neil: are you saying this is tit-for-tat? >> no, what i'm saying is they started this, so the democrats just carrying out their work. the bottom line for democrats, particularly those in swing states, this is going to be a matter of whether you're going to take the bait, feed into the republican narrative of trying to scare you not to scare you to not voting for this nominee. whether you will do what you think is in the best interest of your constituents. do what is right. neil: francesca, i'm curiously, this will be ultimately he said/she said, similar to anita hill, what was going on with clarence thomas, who you believe. he ultimately made to it the supreme court despite the allegations. these are different, because they go back to high school, nearly four decades, having said all of that, what are people telling about the fortune of this nomination?

>> the white house very much wants judge kavanaugh to have an opportunity to share his side of the story. we already heard from him and the woman in written statements. the idea she could testify and that he could testify they at least want his side of the story to be heard. so now, it really become as matter whether, as you discussed before, that is something that could happen by thursday. whether or not he could make it through that committee or as was talked about earlier could even make it on the floor even if he made it through committee given everything we now learned if he doesn't have the opportunity to say his side of the story. neil: we haven't heard, hadley, what susan collins of maine or lisa murkowski, of alaska, two prominent republicans who might

be under pressure to vote yea or ney, jeff flake opted out, he is already urging he doesn't think it is good to advance a vote to bring it to the full senate this week what are we looking at? >> right, a couple of those votes are undecided or at least not clear to the public even before this accusation came to light over the weekend. so certainly senators will have to consider this, but this is very different from what happened with mayor rick far land. this accusation speaks to someone's personal character. it has to be taken in context the weight of evidence on both sides. we know that there are women and men who have spoken very highly of brett kavanaugh. judge kavanaugh's personal character and professional excellence throughout his career. so we have to take this accusation in that broader context. neil: thanks for making news on this subject. we know judge kavanaugh, we confirmed that much. to fran chess's point a little earlier he has not yet visited or stopped in to see the president of the united states but the president is in the white house as well.

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north carolina with what it is looking like there. hey, jeff. >> neil, hello. and we hope that is the end of it, but i don't, can't promise that. look at this, one of the creeks in fayetteville. this one runs right down through the center of town and it is like a raging river at the moment. i'll tell you, just not even done flooding yet, they're still cleaning up. look at this, right by, the city of fayetteville already doing some cleanup on, you know, damage from the storm. walk around, ben, if you can, i want to show neil what the bridge looks like over here. maybe while we walk over, i show you pictures of the dam. there is a dam just south of here. and it has failed three types. they have had to rebuild it three times. this is the third time and now, the, the dam is holding. but, they're hopeful. i want to bring ben around here,

if he can see, this rushing water. can you see this over here, ben? maybe you're better over here, rushing water in a creek. we're not done with flooding yet in fayetteville. they still think the cape fear river is going to rise another 10 feet before it's over. so, you know, the cleanup is on. the flooding continues. it is a beautiful, sunny day, that is a positive. but i leave you with a picture perhaps of a lot of activity in the town of fayetteville, north carolina. it is all over north carolina about now. neil: sorry to jump on you there, my friend, jeff flock. well, these high water rescues continue as we speak. remember, tens of thousands are still unable to go back to their homes here. hundreds are marooned in some places. on the phone is new bern public information officer colleen roberts. what is it looking right around your neck of the woods? >> we're so grateful for the

sunshine. it is an opportunity to get out to clean up. we held a press conference and storm statistics and where we go from here. we are hearing if terms of conditions just outside the new bern area, so many evacuees are trying to get home. we're hearing from the state department of transportation, they're recommending that folks to the try to come home. although roads within the city limits generally tend to be good, it is outlying state highways that have buckled, that are still flooded. we sent two swift-water rescue teams to the adjoining county south of us yesterday because the river started rising so fast there at about 2:00 a.m. in the morning. fire rescue crews were knocking on doors rescuing people who didn't know water was in their homes because they were asleep. still a precarious situation going on around us. the storm surge largely receded here. florence left so much damage in

her wake. it will take years to recover and rebuild new bern to what she was. neil: oh, my goodness. hang in there, colleen. best to all the residents who have been very tough through this. it will continue to be tough for a while. colleen roberts, thank you. we want to pass along drama on capitol hill building on judge kavanaugh. what will happen to this nomination process. susan collins, very influential vote on this whole thing, she at thises it is a good idea for judge brett kavanaugh and his accuser christine ford a chance to testify under oath before the judiciary committee. that would be much like senator jeff flake, she would not be voting in advance of this approval or disapproval in the judiciary committee, then advancing it to the full senate. if that is the case, she does share that view with jeff flake, appears she does, she wants to see them both testify prior, this thing is getting pushed back. more after this.

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neil: all right. the president we are told is on the verge of making good on a threat to slap additional tariffs on $200 billion worth of chinese goods. so those talks or lack thereof don't appear to be advancing along but the president as you know has had consistent preference for one-on-one trade deals. he went that way with mexico. a agreement going with the european commission to get at least europeans to buy more agricultural goods, now with her majesty's kingdom, great britain. who knows that better, european parliament member, favorite of this show, darrell am monday. >> how are you? neil: the deal to come together, explain what this is about? >> both sides are committed to having a deal. neil: u.s. and britain. >> either the two governments want it. we speak the same language. you're already our single biggest investor. we're your single biggest

investor. a million brits out there clock in every day to work for american company. there are a million americans work for a brittish company. it's a natural fit. we haven't been able to do the trade deal because we're in the european union. now the door is open. the question how do we maximize the opportunity? how do we get a trade deal works for little guy and not just for corporates, multinationals, that delivers more lower prices and competition for consumers? the basic idea i'm pushing, a launching a proposal 10 think tanks are working on both sides of the atlantic including all the big -- neil: regular think tanks or crazy -- >> includes manhattan, heritage,. neil: fair and balanced think tanks. >> first time as far as anyone know collaborated on the same project which is great. neil: what is the appeal here? >> the ability significantly to expand our economies without

really any cost to the governments. the idea we would simply say, whatever is legal in your country is automatically legal in our and vice versa. this should apply to services, to professional qualifications. if a drug is approved by the fda that should be good enough. we don't need to second-guess it. if a guy is qualified to work as trader in london, he should be able to practice on wall street and vice versa. if you did that, instead of having common standards, obama way of doing it, common rules on environmental standards and -- neil: i remember when he threatened before the "brexit" vote, be a pity if something happened that went against your interests. >> it is very interesting, the president talks about a trade deal with the uk, obviously being president trump he uses his habitual superlatives. it will be incredibly beautiful trade. you know what? it really could be. all those superlatives could be justified if we did a deal for

mutual recognition. neil: does it mean all tariffs and charges go away as well. >> yep. neil: we take it away, britain takes it away. how does that work. >> removal of all tariffs. president trump at the g7 summit this quebec to the astonishment of his fellow leaders, why don't we scrap all tariffs, all trade barriers? let's take him seriously and literally. at least with an advanced country with similar level of wages where none of issues about offshoring so an arrives. why don't we try to do that. if we can make it work between the uk and united states, let's bring in other like-minded countries, other english speaking common rule countries. let's make a trade nexus. neil: do you have any other deals in the works? the idea "brexit" goes through and britain leaves the fold so to speak, you will be abandoned in the economic woods. what is the real deal with that,

this deal notwithstanding? >> well we're in the eu. we're not allowed to negotiate formally a trade deal because we're in a customs union with someone else. we're scoping trade deals. international law is fuzzy -- neil: i always thought that was american expression? >> maybe it is. maybe that gets us over the legal ambiguity. we're discussing the broad terms. obvious places for to us start with trade deals are countries if you like inneroperable, friends and cousins here. canada, australia, new zealand, hong kong, people with common law, have same accountancy method, same kind of professional credentials. israel i would put in that category. this is a common law country. neil: this become as blueprint going forward for other deals? if england would pursue this on country by country basis? >> i hope so.

what we tended to do up till now or what the world tended to do is sit down and negotiate these very complicated and slightly corporatist deals say if you want to sell me something it has to meet all of these standards. what happens is that the big corporates on both sides of that deal try and maximize the difficulty of conforming with the standards so that no new entrant can come to compete against them. that was happening with the ttip deal which the previous administration was discussing with europe. there are elements in the trans-pacific partnership. let's get away from all of that, just go for basic reciprocity. we trust you. there is a rau in britain at moment about u.s. beef. your delicious beef involves hormones the reason they're banded in europe. the reason they're banded in europe, pure protectionism. there was a glut in the '90s. came out with unscientific ban basically excludes every other country that uses these

hormones. the u.s. is obviously functioning country. people eat a lot of beef, we would know about it. neil: they are glowing at night. we don't know why. >> if it were poisoning americans i think we would know about it. no one will force you to eat it, let's not forbid you to eight it either. that is my approach. neil: your quick thought, it was little over two years ago you had the big "brexit" vote, a lot of people in interim with waves of this whole thing, they want adoover. a mulligan on this. is that view still out there? a lot of brits are concerned? i know in scotland that was a concern. what do you think? any regrets, full throttle? >> opinion polls almost no shift in public opinion. the opinion polls even before the vote showed majority the other way. they turned out to be wrong. neil: you're right. >> you know, i do think it was a scenario result. it was 48-52. and in the end the deal we get will have to reflect that.

it will have to reflect the fact scotland, northern ireland, two of the four constituents voted to stay. that means we'll have to treat it not as a mandate to walk away completely but have a phased recovery. neil: waver you guys do they have to go along with it, right? >> i don't think you can interpret a 4 8-52 vote to seven have you ever all ties. our geography and position. we like them. they are our friend. we want rich neighbors. rich neighbors make good customers. neil: what about the french government? >> the current french government is probably being the most difficult in these talks because they are kind of affronted with the whole thing. yeah, we have as you have difficulties with the french over the years. we know they're on the side of democracy when the chips are down. thank you very much. neil: daniel hammond, speaks his mind.

legendary with the criticism of british, government, i think he was 12 at time. >> i'm 18 now. neil: the back and forth with judge kavanaugh, whether things will happen, whether there will be a committee vote this week. increasingly looking had that will not be the case. charles grassley is out with a committee, anyone that comes forward as dr. ford had, the woman who made the accusations that the judge had attacked her back in high school deserves to be heard. i will continue working on a way to hear her out in an appropriate, unprecedent and respectful manner. the way things were going to my understanding they would have a thursday vote with the committee to send his nomination to the full senate. that would appear by these and other developments to be off. she will get a chance to speak. the judge who denied these charges repeatedly, echoed them

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neil: where do those 10 years go? what were you doing 10 years ago this week? this is where it all started unraveling. take a look. this is defining issue for the remaining months. >> no. fiscal conservatism is my defining issue for the remaining months. >> epic, monumental, historic chaotic. neil: drama virtually unprecedented in american history. >> lehman brothers filing for chapter 11 bankruptcy. >> whole truth, and nothing but the truth. mr. fuld answered in the affirmative. >> i take full responsibility for the decisions that i made.

[shouting] >> we say get out. we say get out! >> for the actions that i took. >> and after wall street -- >> here the worries that lehman brothers headquarters in lehman brothers in manhattan. worries about people's jobs. >> i lost my job pretty much or i will soon. so i think it is devastating. >> greed took over common sense. neil: donald trump from his new york offices now with an update on something he told me almost a year ago. >> maybe they should suffer. maybe that bank should go under. maybe that bank should be taken over. i don't see how the government can help. >> james time, yes. bail time, no. neil: what you said in the interview the spigot stops but the spigot had been running for a while? >> i think the government is doing right thing. they have worked hard and long. it is a mess.

>> republicans have stood on principle try to make sure we protect the taxpayers to insure everything we can to protect it the way it is intended. >> i don't take it lightly putting taxpayer on the line to support, to support an institution. >> should we read that as no more? >> don't read it as no more. neil: aig out and everyone, everyone trying to figure out who's next. >> shares plunging. today the dow dropping more than 400 points even after the government announced its plan to rescue aig. >> aig, as far as i know, wasn't bailed out. i was -- neil: taken over. >> it was taken over. i -- neil: you would have preferred like an emergency credit line? >> exactly. neil: not an outright takeover. the government obviously felt otherwise. what do you think of that? >> i think it is wrong. >> motion is adopted. neil: it's a done deal the president signing into law the biggest financial rescue in

american history. the day of at rescue the rumble. i'm saying -- jack, when i'm saying when you kowtow to the markets, jack, is that a mistake? >> this is a market. neil: take a look at those markets. this is what happens when you get a rescue deal. the selloff after the hand-off. >> we have to step back, there is lots more the government has to do. neil: what you said that is scary coming from you. there is lot more the government has to do. i call them zombies for calling our financial rescue. they all to a man called me nuts. nearly every big-name, free market capitalist i know says the market and economy needs this. you mr. free market capitalist, probably one of the best ceos of the last century, are signing on to what is essentially a fiscal hail mary pass. >> no, not a step in trying to resolve the crisis that we have. neil: you don't buy this, jack,

i know you don't buy this you must confess to me you don't buy this? >> i love you, but sometimes we needed intervention to bridge the gap from some crises that we're in. >> shouting] neil: mark you could solve this problem here if you just write a check. i guess you're not apartment to do that. >> even i can't write a check at that big. >> bailing out, bailing out, my answer to you, in the first place this is not just, you're coming to the end of the movie. what we have to do -- neil: looks, quite a few sequels. >> excuse me interruptions. neil: answer my question, are there going to be sequels? >> we are going to try to put into place regulation of the sort that will say no, there won't be sequels. neil: do you think intrinsically it was a mistake on both parties part to push for, to push for homeownership for everybody? >> i think clearly what happened is fannie and freddie got caught up in trying to do what the

congress wanted done. >> this is deregulation administration that has wanted to remove regulations from every sector of the economy. now we're seeing the results. neil: hindsight is wonderfully 20/20 -- >> that isn't hindsight. that isn't hindsight. we tried to warn about deregulatory. neil: i'm not sharpest tool in the shed but i got to tell you i'm still in the shed. >> i'm worried as whole of america. >> we have to worry lehman brand brothers go bankrupt, can a bank as big as citibank go bankrupt? neil: but we came back. it is hard to believe 10 years. i thought i had a better toupee. anyway we quadrupled in the dow since that time and everything else that happened. it is a reminder, nynex -- my next guest reminds me we come back. robert wolf. anniversary of another big day. the markets reopening after

9/11. big hit that day. big comeback since that day. lesson? >> i would say, i was there that weekend and it was surreal. i think when we walked in to the fed and paulson and cox, the head of the sec and geithner at that time, head of the new york fed was very clear there would be no government money. neil: hank paulson treasury secretary at the time. >> treasury secretary. there was dozen of us from around the table. you know them all from jamie dimon to lloyd -- neil: they let lehman brothers go but didn't expect what would happen after? >> when we learned the big he will haven't in the room couldn't be talked about. aig didn't come up. fannie and freddie did not come up. they were not the regulators at that time. everyone can yell and scream at dodd-frank. i liked it better when it was 100 page principled base report as opposed to 10,000 today or hundreds of thousands of pages but we did not have the tools. there was no systemic regulator. neil: credit had frozen. >> credit froze. neil: could not get credit.

>> there was no idea how to wind down, no living will, resolution authorities, derivatives. no clearing mechanism. neil: government rescued aig. >> 185 million. neil: bank of america, merrill lynch. we know what happened in retrospect. had the government not been involved at all what do you think would have happened? >> i think the contagion would have continued. i think they really needed to step in. we can always debate should they have stepped in for lehman or not. could they make it a bank holding to give it a liability stream. you said hindsight is 20/20 i think we're much stronger today. the banks have real equity underpinning. neil: what does that mean? i know they are better capitalized and more money, but you and i discussed over the years, market in a market free fall the money evaporates, that feeds on itself is no matter how much money you have supporting an institution. i ask you a question i routinely do, do you think it can happen

again? >> it absolutely happen again but may not be with a bank. there are globally interconnected firms or some of the largest money funds in the world that we, you know, the truth is, contagion can come from anywhere the we saw what happened decades ago whether it was russia or asian crisis. we don't know when the next crisis is coming but we know one's coming. when i meant they are stronger, that doesn't mean everyone is not too big to fail, right? neil: if bank of america was on the brink, i cannot emergency, however well-capitalized it is, we wouldn't come to its rescue? >> i would think that the big five, there is no way citi, jp, b-of-a, would not stand today. neil: what would prompt a scare with them? that they were too deep involved, creating another bubble? do you see any bubbles anywhere that bear watching? >> i would say the biggest

bubbles are not with the banks and private sector. it is our lack of fiscal responsibility as a country. we have, you know, everyone wants to yell and scream about debt. debt is only important as a percent of gdp the real problem i think is fiscal irresponsibility. we have a trillion dollar deficit here. someone has to pay for it. we still haven't figured out the social fabric of our country with medicare, medicaid, social security. we still have from the war on terror north of 2 trillion that is spending in the military. so we don't have that many things we can take from discretionary -- neil: i find it interesting that it is so weird that we continue under democrat, republican administrations to pile up the debt. there has to be a point where it hits. what would be that point? >> i think the point is going to be at some point we'll have some bipartisan movement of people being smart again and not a point where everything is polarizing. we have to look at this fiscal problem, say who is going to pay

for it. i don't want my son paying for it. we used to have a pay as you go. you have cutting spending from somewhere, take it from somewhere else. neil: depends on the day with my own kids whether i want to saddle them with it. you mentioned young people, so many are burned. remember what they themselves went through, they're leery of everything from the markets to even homeownership. i'm wondering what you make of that? >> i think that there is a real distrust in the system today especially with millenials. why i think cryptocurrency is here to stay. millen eel populism, post-equifax, that scared a lot of people, where is your information going. when you think about google and facebook where is the privacy going? there will be a shift where people are getting

uncomfortable. neil: they're cynical from any and all institutions from the companies to bottomses, it is ad report high levels. >> they haven't changed habit yet. there is difference between being cynical and difference making a decision. at the end of the day we still our daily life, as you say we have the comebacks. people forget that you mentioned it. first time we closed since the great depression, 1933 was post-september 11 for four days because nervous after bank run. people forgot it was biggest down move, 7%, 600 points n a month later the market came back. we have incredible short memories because for the most part over the last inth of years the stock market is one direction. neil: over time it is your friend, longer term. short term you can get pretty nervous. >> where you go in. neil: exactly right. robert of wolf, thank you very much. >> and i love the toupee. you look much younger today. neil: it was higher in those days. >> you look younger.

it was a miserable weekend. neil: there a lot of humidity. we have a lot more coming up. we're getting more news what they will do with the kavanaugh nomination. at the very least it will be delayed. at the very least it will look increasingly look like a pay-per-view event because the judge and his accuser are both being offered a chance to speak before a national audience. get ready. this is about to get historic. how do you win at business? stay at laquinta. where we're changing with contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com. with tough food, your dentures may slip and fall.

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neil: all right. these are some of the technology stocks. that is not a typo on amazon even though that looks like a big number, up better than 40 bucks. the accounts were 2% of the value for overall market decline for the online retailer. a number of analysts closely scrutinized, maybe amazon should split itself in two to avoid regulatory scrutiny. i could go on. susan li at the new york stock exchange what is happening with technology. susan. >> a split would make it more affordable for the average portfolio holder. amazon is dragging down rest of the tech sector. news of amazon data leaks. story amazon is investigating employees for leaking data for bribes mostly in china apparently. this is hurting the rest of the

tech sector. that is hurting amazon up 70% for the year. it is deleveraging a lot of technology names as well, including apple that might be caught up with the trade dispute with china. 10% levied on 200 billion of chinese goods. that could impact apple products like the apple watches. worst day for apple and amazon since april of this year. we're looking at the worst monthly loss. first monthly loss for the technology sector since march of this year. so there is a lot of deleveraging taking place. look and check on chinese technology shares. impact bit tariff news and likes of alibaba. baidu, jd.com and neo equivalent of tesla in china taking a bit of a beating as well, neil. neil: when you were looking at this, getting a sense of the sweeping nature of it is it just they're really concerned that

technology has this great run up, normally these kind of hits last three or four day, people stablize, come back in, that might happen here but does seem pronounced. >> that is exactly the sentiment. they have gone rich. let's look at valuations. amazon is run up 70% for the year. same could be made by apple and facebook. maybe not facebook i take that back. netflix in the same house. yes, maybe time to take profit off the table. look at better entry point. look what happened in february with the 1000 point drop. there is still value if they're being paid out and still a lot of growth in these names. neil: susan, thank you, very, very much. to susan's point. more uncertainty and a lot of people sniffing around amazon, whether this company is going to be a target of regulators and the like. apple, concern, ongoing riff with china will really hurt the sales not only in china but here in the u.s. all of this might be kvetching at the same time here.

it is real, it is palpable. then you have uncertainty what looks at once to be a certain supreme court nomination in the name of brett kavanaugh. still might happen. we're getting word out of the judiciary committee it will be delayed. we do know he was at the white house today. don't know if he visited the president. all of them are saying it will go through, it might be delayed but will not be denied. more after this. ...

neil: all right, we do not know whether brett kavanaugh has had a chance to meet with the president of the united states. we do know he is at the white house or was could still be there i'm not quite sure. we're also hearing that his accuser dating back to when they were high schoolers is now willing to testify, and that the senate is open to allowing her to testify, and for judge kavanaugh to respond to her charges, to blake burman at the white house on these fast moving developments, blake? reporter: hi neil it was just a handful of days ago where it seemed like it was a formality or as close to a formality as you could get that brett kavanaugh would be the next supreme court justice, but fast forward to now. there are a whole host of what ifs going forward when you look at the next few days and possibly even the next few weeks after that. as for kavanaugh himself, he is here at the white house as you mentioned or at least walked into the white house earlier this morning he put out a new statement this morning saying he denies the allegations put forth

saying that he sexually assaulted her during a party at a party in high school saying " this is a completely false allegation eequation. i've never done anything what the accuser to describe to her or anyone. because this never happened i have no idea whose making this accusation until she identified herself yesterday. i am willing to talk to the senate judiciary committee in anyway the committee seems appropriate from 36 years ago and defend my integrity." now ford's attorney says her client would be killing to testify to the senate judiciary committee and the white house right now is standing by kavanaugh and they are embracing that possibility as well. >> she should not be ignored. she should testify under oath in front of the senate judiciary committee. and judge kavanaugh should also testify. reporter: it's one of the

possible swing votes a republican from maine and she put out the following tweet minutes ago saying "professor ford and judge kavanaugh should both testify under oath before the judiciary committee." neil, that committee vote, the vote to get kavanaugh out of committee, which is largely symbolic, was scheduled to be held or is scheduled to be held on thursday, though that at this point is tenuous at best and when you look at the roadmap going forward is there a hearing , a public hearing if so what would the set of circumstances be, would kavanaugh testify, would ford testify a lot of questions going forward here neil. neil: oh, boy and they keep raising them thank you very much my friend so the domino effect if this thing is delayed or god forbid denied to the wall street editorial board member, and axio s reporter, and we begin with you the sense that this at the very least is delayed, is there also the sense that a

justice kavanaugh is not denied? >> we're not sure at this point it is looking very likely that the vote is going to be delayed even looking at the statements that we've seen from chuck grassley and lindsay graham. the republicans are aware this is not something they can just sweep under the rug at this point and now there's a name and an accuser willing to come forward and share her story this needs to be heard out so i think we're going to see what happens after that, when we've heard, when she's testified and when we've heard from kavanaugh again , under oath. that's going to potentially change the game and it means that republicans may have to find a new nominee before the end of the year which would increase difficulties in getting a new justice voted on and confirmed, but at this point there are still a lot of questions that need to be answered. neil: do you think it would actually come to that, kelly jane? >> i do, neil. i think it's very possible and i think that's honestly what the democrats had in mind. now this is a very serious allegation and it should be looked at but i have a lot of

questions about the process here ms. ford actually called the washington post tip line in early july before kavanaugh was even nominated and he was listed as being on a short list and she then contacted her congresswoman whose a democrat. by late july she had written a letter to dianne feinstein and they sat on it until now and in fact i have to wonder if the fbi looked at this already because the fbi actually sent a copy of the letter to the administration redacting her name, because at that point she wanted to remain anonymous. now someone leaked her name because reporters started showing up at her house and that's why she went public. well who did that was it a senator, so i have a lot of questions about what went on here. that said, you know, the republicans should not allow them of course to stretch this out past the mid-terms and i don't know what they are going to do but let's face it there are a lot of very well qualified conservatives out there who probably don't have a problem and maybe president trump could

surprise everyone and pick a woman who would be much mess less likely to have a problem. neil: bill mcgurn, that's jumping a little farther that means this thing is over. what's your sense? >> my sense is a couple things. i worked with brett kavanaugh pretty closely in the white house. this is the single un corroborated charge. i don't think brett kavanaugh has a me too thing. there's a single charge from 36 years ago when he was in high school. the effort by the democrats is to delay this past the election. i think the republicans hang together because to me, it's beyond brett kavanaugh. i mean if we're going to talk about sweeping things under the carpet the democrats swept this under the carpet for weeks there is a process to handle these thins to be heard, and they ignored it to the last moment. it's very fishy what they're doing so now what may happen is that some republican senators will need a hearing probably in closed doors, where the woman is allowed to speak and make her

charges and brett is allowed to speak and give his answers. neil: do you think it would be closed door meeting though? >> i'd kind of hope so. i think if we're going to handle this in a non-sensational way and let them say look -- neil: this is washington. >> i don't think the fbi could, because you have a person who by her own account i think did not share the story with anyone at the time, and two other actors in the story, who categorically deny it so i'm not sure exactly what we're going to find and i think this is a terrible precedent if the republicans allow this to hijack the hearing and leave mr. kavanaugh twisting in the wind. neil: well it might be the end as some of these things ultimately get to be, stef, a he said she said thing, and what was going on with clarence thomas both stated their case it was riveting have and in the end he was still voted to become a supreme court justice. very different times i know and then you still have

bipartisanship in the ultimate vote that is very very difficult to get today, but if they both state their case and let's say before television audience, it isn't necessarily going to move the needle for democrats who might not have voted for him but it would provide an excuse for democrats and trump states not to vote, right? >> yeah, exactly that's what they want and what they really want more than anything is not to have to vote before the election. neil: well that's the one goal but stef, how likely is that especially when you have a susan collins and others maybe lisa montgomery and certainly we're getting a read from jeff flake that at the very least they want this delayed so what are we looking at here? >> it's a very real possibility i think republicans are watching susan collins and they have expressed some hesitation over this nominee now especially saying that they think that they should hear from the accuser and that we should delay the vote so i think we need to watch those two in particular the moderate republicans who maybe aren't so sure of a vote for kavanaugh and

of course there's not a lot of wiggle room. republicans have a majority right now but they can't afford to lose many people so they have to handle this the right way or risk losing important votes. neil: you know there is the me too movement itself and i don't know how this factors in republicans weighing on just political terms could say well, it would look good for us to have another supreme court pick in there for president trump and us, we look like we're being productive. it could backfire if the person they ultimately voted in is alienated female voters way too soon to say that but that is a line you'll hear from a lot of democrats. how compelling is that? >> i think that's a very good point, neil in this day and age we're all talking comparing of course to the clarence thomas issue but let's face it as you mentioned the world is very different now, and actions that at that time, you know, maybe certain actions people lapped off as boys will be boyed so

weave seen from some of the stories that have come out especially in the entertainment media industries that people are not laughing off certain behavior any more. neil: but could there be a difference afforded again the judges denied these charges, but to say that all right this was in high school and there should be a different breed of how whatever we're giving it. exactly i think so neil but that's one reason i think a slight delay is a good idea because it gives a chance for any other women who this might have happened to and i'm not saying it did to come forward so if a bunch of women come forward we see a pattern of repeated behavior to be concerned about. if no other women come forward you can think it didn't quite happen like they said or this is a one-time drunken teenage event , but i think it's great we're at least talking about this and discussing like what is the acceptable behavior, what point he was 17 years old almost an adult and some jurisdictions if he had committed a crime he would have been tried as one.

neil: we'll never know to your point you raise a good point and obviously they will both argue their point but bill the worst case scenario that republicans fear is that his nomination is torpedoed and then they have to move quickly if they are trying to avoid the unthinkable for them which would be losing the senate when all that they rapidly find an alternative to get in there before january, right? >> right and i don't think they could do it before january. look, i think if republicans allow this sabotaging of the kavanaugh nomination to proceed a pace, their voters will punish them for it. i think it's outrageous what's happened. we mentioned susan collins. the interesting thing about susan collins is that she said she thought the process was unfair, both to professor ford and judge kavanaugh. a lot of women, women had a lot of time to come forward before. that's what this is about. the hearings are concluded the questions have been answered and

now, we have an extra judiciary committee kind of media. chuck grassley didn't even know about this letter until a few days ago. neil: then it's the almost, you know, anita hill and her point of view, and a lot of people are like she seems credible. clarence thomas comes to testify afterwards, he seems credible and then it's always in the eye of the beholder and who you believe. i think it's a very bad precedent if republicans let the democrats get away with this. neil: we shall see it is delayed at the very latest it's not looking like a thursday vote at the committee so what happens next week is anyones guess. we'll have more after this.

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neil: all right the rescues are continuing right now in the north carolina region that's where you'll find our christina partsinevelos in lumberton, north carolina, where one is already happening. reporter: yeah, i'm in literally right now, neil we just actually had to take the boat on a highway. we stopped into this community here and you've got volunteers that are actually going to you're putting a family in here right now there's a woman right over there, you can see she's got two dogs and a cat in the crate, right here, and so they're waiting to be put in the boat as you can see there's a cat and getting asked she's

healthy and fine but we actually did is we got out of the boat and walked around the neighborhood to check. nobody has power in this area and you just got pure volunteers , nothing but volunteers here, where are you guys from again? >> new jersey. reporter: oh, you're from here so literally new jersey and you got the pets joining. when we actually took the boat over here, you can see a ma'am with her dog. are you okay? >> yes. reporter: how long have you been without power? >> a couple days. i was actually thinking that we weren't going to lose power but i heard the transformer when it blew. it sounded like a bomb went off so i knew then that it was gone. reporter: you had a transformer blow what's your name ma'am? >> jackie. reporter: you've lived here for how long? >> 15 years. reporter: and you survived the other hurricanes? >> matthew yes, two years ago. reporter: how would you compare that damage to this damage? >> this is far worse. we have a lot more water and

downed trees i haven't really been out in the community because i couldn't get out, but the water is deeper for sure. reporter: and just to that point , neil we'll actually ask you to bring up the visuals when we took the boat here we saw completely submerged car you'll see on your screen, luckily there was nobody in there we saw an atm machine completely submerged, so we are in wayfair. what you're seeing again right now, purely volunteers that are helping out to get the community members out of the area to evacuate. i was speaking actually i spoke to one man he's the dean of the university of north carolina unc and he told me that the unfortunate thing with this community is it's not the first time they've been hit by a hurricane that a lot of the population here relies on services for their main source of income so when you have situations like this clearly people are out of a job and work for quite some time neil and so this is a situation you have one evacuation with the pets and

others watching and i'll throw it back to you unless you have any questions. neil: no christina be safe yourself here but this is what they worry about when you reported this weekend the floodwaters themselves especially the water sticking around and the host of problems, christina partsinevelos in north carolina. by the way around that region we have 215,000 homes directly affected by florence, thousands of course that have still been abandoned, and the issue here is are people prepared for the financial hit from all of this? to the former deputy commerce secretary under president bush 43 david sampson. secretary, what is next for a lot of these folks? >> well the first order of business is to just deal with the immediate circumstances to get people to safety. the insurance industry which i represent now, we have surged an army of claims adjustors that will be going into the area just as soon as the local emergency management officials give us

permission to get in there. our priority will be working with policyholders to gina just ing claims and getting checks into people's hands, so that they can begin the rebuilding process but before we can begin the rebuilding process we got to make sure that people are in safe conditions for the next several days or weeks. neil: you know for a lot of the homeowners i was just going by some of the estimates of maybe the insurance institute all estimating about $3 billion worth of likely claims here, a lot less than earlier thought. i don't know how that typically follows historical patterns, usually the costs go up when people get their boots on the ground or in the water to find out what's happening. does that surprise you? >> no it doesn't. i think first of all what we now know is is that hurricane florence was primarily a storm surge and water event as opposed to a wind event and it had been downgraded to a cat 1 and so we didn't have all of that wind

damage but the storm surge and the flooding is obviously very problematic from what you've just seen and the real issue is there are about 1.5 million homes in the carolinas that are highly likely to flood and only 400,000 of those homes have any kind of flood insurance policy at all and so there's going to be a real challenge as we saw last year in hurricane harvey in houston with an under insurance problem where people are uninsured for the kinds of losses that they're likely to experience in the places that they're living. neil: you know, there are always surprises this wasn't as bad as they thought but water that hangs around sometimes can do more damage than planned. what should residents know there , secretary? >> well first of all, they need to be very careful about following all of the warnings from the local emergency management authorities. they are the people who are closest on the ground if they tell you to get out if they tell

you there's electrical lines down folks need to listen to that but secondly, people in the area need to contact their insurance agent or their insurance company to let them know that they've had a loss. they need to take pictures of that loss, video of that loss, and they also need to be very very cautious about contractors who come walking up and down streets and offering to do services for residents. use only very well-respected cleanup contractors and restoration companies because unfortunately, we know from history, there are a lot of bad actors who prey on people who are victims of storms. neil: sadly you're quite right about that sir thank you very very much. pleasure to be with you again. neil: just to let you know what's going on in the white house right now and this has been going on a while, brett kavanaugh, the president's choice to become the next supreme court justice, is still at the white house. he has been there for hours now.

we don't know if he met with the president but he is still there and indications are he will be there for quite a while. they are obviously mapping out a strategy that will call for him to respond to these charges by this woman christine ford who argued that as teenagers, he forced himself on her. he says that never happened. the back and forth continues where both sides are trying to find a way she can state her case. the judge can respond, and state his, and a vote can continue. one thing is clear though, that vote might happen but it won't happen on thursday, as was originally planned. we'll have more after this. fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that.

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neil: we do know the president is poised to slap those $200 million additional tariffs on chinese goods the employee only issue is when so it's sort of waiting for a trade here but the chinese are in no hurry to sort of bend to all of this. edward lawrence in washington d.c. on what he makes of this.

>> it's very true, neil and the talk of the latest tariffs has the chinese ministry of commerce delegation saying they will consider skipping the next meeting with officials from the treasury department and those meetings according to the chinese are scheduled for late september still literally any minute the president could announce 25% tariff to be placed on $200 billion worth of chinese goods the original level was a 10% tariff and we still don't know when those tariffs affect or the final list of goods affected. what we do know is that chinese are not happy. today the chinese minister of foreign affairs says or a spokesperson says they will take unspecified counter measures if the president goes forward with those tariffs, that spokesman adding "the escalating trade disputes serve the interest of neither side. we always believe that dialogue and consultation based on equality, good faith, and mutual respect make the only viable way out for the u.s.-china trade issues." still the chinese have not take epidemic steps to protect u.s.

companies intellectual property and this week is critical for the request for revised nafta and right now there are no plans for the canadian minister for foreign affairs to come to d.c. for meetings so the u.s. needs a deal with the exact language to be worked out next week in order for administration's timeline to work for signing for the mexican or the new mexican president takes office the congressional committees into ed to have that deal on september 30. october 1 the revised nafta, would have to be made public for ratification on or just before november 30. it's a very tight time schedule even though it feels like it's a long way away, neil? neil: thank you my friend very very much so let's say this does not happen according to kept this thing is delayed or at the very least tariffs are slapped on and the back and fourth goes on and on and on. i guess to gary b. smith it's the on and on part that proves the most worrisome. that gets to be a problem.

>> yeah, i guess the overhang is worse than the actual affect. i almost wish that they would slap the tariffs and we can move on for one reason, neil. i'm not worried about the tariff s. i mean, it sounds first of all everyone says the 200 billion number but it's the percentage on the 200 billion so that's what, 25% just that alone, neil, is only .2% of our economy, but there's more. one, we know there's going to be exceptions so maybe that cuts it down by a half, a quarter. two, we know that these taxes are notoriously hard to collect. three, what's a smart country going to do like china or the u.s. if they reverse? they just ship to another country a third party and then have those goods coming in through that country and finally if all of that isn't good enough we know there's substitution either from other countries similar product or similar products that aren't under the

tariff quota from china. that's why if the market goes down on this, i would say bye. neil: the market has largely held off technology is a different story by large but its held up throughout all of this. i guess convinced that this is not going to materialize global trade wars are not going to start ratcheting up across every country, and that will save the day what do you think? >> i think that global trade wars will not crop up for one reason. everyone kind of thinks they oh, my gosh look what happened back in the 20s with the trade restrictions, the world was a completely different place then. we didn't actually do a lot of trading outside of the u.s. and now, we are all so interconnected like i say if you can't get the goods from china you can get it from korea or vietnam or australia.

they have live eled the playing field so someone is always trying to come in there and say oh, my gosh, the price of the lightweight steel you get from china is higher. we'll just build a new plant here for 10% less and that way things get leveled out pretty quickly. neil: you know what i worry about i'm not minimizing the effect of a trade impasse that could affect the global economy to your point it's just a small percentage. i am concerned we don't put even a fraction of the deal into our budget deficits that we do to our relatively puney trade deficits. i'm not minimizing that or the importance of fighting a good fight ordealing with the chinese who cheat but we are racking up deficits at a trillion dollars a year for maybe a few years here to say nothing of the close to 20 trillion we've got now. >> excellent point. that's the one bogey that no one seems to be able to handle and the problem is it's not only the

massive amount of debt. it's like the same thing we see in europe, we see in greece. people become addicted to the do le, if you will, so seen if some strong-minded congress or president said you know, we're going to hold off on the social security retirement age or cut back on medicare for only non- essential. people say wait a second i contributed that money or i put in, you owe me that, and people are unwilling to get off what they think was promised. that's the problem and it's hard for politicians to say "no" because those people are voters. neil: absolutely. >> this is a real problem. i have no solutions for that one neil: well thanks a lot. gary b., always good seeing you my friend. gary b. smith, but very very true and real point here, and just to think when we're looking at 10 years ago and the meltdown from which we recovered. our overall debt obligations

were 60% less than they are today. so more than half and look at us now, after this.

neil: all right, ten years ago this week everything was melting down a day after we let lehman brothers just go, and not the same when it came to bailing out aig, the big insurer to charlie gasparino and charles payne, deirdre bolton and what happened then and then it could happen again you were mentioning the whole thing with aig, because then they were frantic, right? it was the first argument. charlie: remember what happened, lehman basically goes belly up on a friday, you have that long weekend where they thought about some sort of a bail out. no one could agree on terms because at that point all the banks had the same stuff lehman had on its balance sheet only bigger so they really didn't have the money and the europeans neil: but they didn't foresee the market reaction they got right? charlie: i think they knew

things were bad. they didn't know how bad it was so now, monday comes along, i guess the 15th right? lehman declares bankruptcy and the markets not just the stock market i mean don't even worry about that. neil: the largest bankruptcy ever. charlie: it was the credit markets and when the credit market markets seized up that meant news corp. potentially could not give paychecks to people. >> with all that short-term corporate debt because then you can't like get on airplanes. charlie: but aig happened i remember ge was one of the companies that they were the owner of cnbc, and then it was fascinating because we had this huge debate there an i break the story that says they think they are doing a bailout. i go with david faber, the other reporter is like there is no bailout. the government doesn't want to go there and i come back and say they're definitely considering it and within an hour, they were thrown $185 billion at this thing. neil: and that was starting

charles at the time the argument we had to do this and this famous wall street was very open to being rescued left and right and so we had forced marriages i think it was bank of america and merril lynch and it was crazy all in the same, you know, week. it was frantic right and it was in the middle of a meltdown. charles: it was once in a lifetime stuff i think. and knock-on wood, right? there's absolutely no doubt about it that there was no place book for it and the things that were coming up the reason you people were imagining saying this won't be bailed out that won't be bailed out, that was always wall street right? sort of like investors beware. you buy stocks they go down and it's on you. neil: except for us. and i think that was a problem even for the employees and i know that was the last group of people that we were all worried

about at the time but charles and i were speaking i remember when bear stearns was sold off and the kicker came across 2.34 and i thought the wire service made a mistake i thought oh, that's not possible the decimal must be one or two places over but a lot of those firms too forced their employees to participate in stock sharing. there were a lot of people that lost 80%. charlie: but it was interesting so they bail out, why aig, they held the insurance contracts on the toxic debt that was held by all of the big banks so theoretically. neil: nothing of all of the general financial. charlie: but it was mainly the credit default swaps which are essentially an insurance contract so theoretically if you bail them out you bail out everybody else but no the morgan stanley and goldman sachs and every bank started getting it. >> they converted to a bank to be able to access it. charlie: it didn't matter because it was a run on everybody and three days later

they start with tarp and that's the massive bailout. neil: that started under president bush and do you think, charles if we did not have that, we'd be in a deeper hole, or we'll never know but others that argued will know we set a dangerous precedent. charlie: i'd go with that we said a dangerous precedent. charles: although i'd acknowledge that the initial hole would have been deeper but it was a genuine panic and the terminal velocity in a panic i think there's only so much more we could have panicked and we already did the market was sought in half, everything negative imaginable happened anyway, the notion that we were going to somehow fix this problem we all know is probably worse in a sense that these banks have only gotten bigger. neil: but they are still too big to fail. charlie: absolutely. neil: and we wouldn't let it go. charlie: look at it logically because you marry commercial banking with investment banking, if an investment bank rolls the

dice and screws up and puts the bank under you have trillions of dollars of deposits you have to make up. that's the problem they're insured. neil: let me ask you this if we have more money, they have more of a cash cushion would that help you deirdre? >> yeah, that's the idea right? even of dodd-frank the idea that -- charlie: there's no amount of money that could save you. >> i think from a shareholder perspective i'd rather know that a bank has more and i know the banks hate it. neil: but i don't think it's going to help you when push comes to shove. charles: i looked at the stress tests and to me they're a joke. charlie: why? charles: because they don't take into account human activities like you just can't suggest that it's not yelling fire in a crowded theatre. there's fire in a crowded theatre. neil: and you think it could happen again? charles: i think that it's a false, you know the stress tests are to me a complete joke. >> i mean it's like we haven't

learned our lesson. charlie: they are known on wall street as feather tests, the stress tests. neil: the easier the stress test for me the better. charles: [laughter] charlie: i'm glad you're not. but and just remember -- neil: do you think that it could happen? charlie: yes and here is one thing that's fascinating if you look back at history. we had small blow ups for the last 25 years we had the mexican peso crisis where they bailed out the banks through the government stuff and we had long term capital remember the big hedge fund. and all of the banks copied a trade and came out the fed and the treasury came out and did a minor bailout. what they essentially did and they had to do this because the whole system would have imploded for 30 years they said there was no consequence to your risk of wall street and every time they did that, they took greater and greater risk. now, you have to ask yourself, was this necessary or shouldn't all the banks have been put under to create that consequence where they wouldn't do it again.

neil: do you find it that wall street points the finger, don't rescue these people and look after these people when in fact they were the beneficiaries of the biggest rescue in mankind. charlie: certainly wall street's position on the tariff is the height of the hipocracy and to be upset that farmers may get $12 billion -- charles: you've got to be joking me. charlie: they are just saying listen i beat up on wall street every day. neil: but of course. charlie: but the tariffs are, farmers are against the tariffs aren't they? charles: no, no, farmers are -- neil: we haven't gotten over this is what i'm saying. charles: i don't think they want a fair deal because a lot of farmers, farm revenue, in 2012 net farm revenue was 124 billion and a year before trump came in office. charlie: we're getting off topic so why is the farm lobby against the trade? charles: the farm lobby doesn't represent all farmers.

they represent corporate farmers perhaps but let me tell you -- charlie: some guy in a milk farm is for tariffs? charles: bottom line is theres a issue with farmers long before trump came in. the agriculture industry knows these tariffs. neil: wait wait wait wait wait. all i want to say, is your point is this kind of stuff happens again just a different event right? charles: well i just think that listen it wasn't just tarp it wasn't just the bailout, the $4.5 trillion created to buy toxic assets. i don't think wall street has a right to criticize anyone or any policy particularly under this administration. charlie: how about the policies are down right dumb? neil: you find wall street a little hypocritical on this issue? charlie: no on the issue that you said that buyer beware on stocks and there's consequence to everybody else risk but their own but on tariffs give me a break. neil: but on tariffs they are calling government bail out by another game. charlie: they are calling tariff s bad for the economy because they have been proven to

be bad for the economy. neil: that's not the case at all charles: i will suggest this because people don't ask themselves why does everyone else think they would work when they put them in? maybe the tariffs worked in 192, maybe tariffs did help catch america catch up. you're missing my point, you're not listening. tariffs -- charlie: i'm listening. charles: the tariffs in 1922 brought america out of the great recession. neil: i wish we had more time. i covered that in 22. charles: by the way your voice has changed since then. neil: that's fine. [laughter] you're still here? we're voya! we stay with you to and through retirement. i get that voya is with me through retirement, i'm just surprised it means in my kitchen. so, that means no breakfast? voya. helping you to and through retirement.

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neil: all right she may be largely done but boy oh, boy the financial impact is just starting dearie willis in the news room with the details on florence and the aftermath. gerri: business is across the region that closed last week because of the storm are beginning to reopen. novartis for example, we told you about them last week reopening their wilson north carolina facilities today a spokeswoman said they had no damage. south carolina in good shape meanwhile boeing outside of charleston that plant opened

sunday night. its third shift reporting for duty rest of the workers reporting today, a boeing spokes wap telling fox business that several of the company's dreamliners were evacuated to the company's facilities in everett washington, ahead of the storm, to prevent damage. she had no comment on reports on all things 787 that the storm and storm preparations would adversely impact delivery schedules. meanwhile hurricane florence poses a big problem for the state's farmers whose industry adds $2.5 billion a year to the states economy. timing of the storm was particularly difficult for farmers because it became at the beginning of the harvest season. crops include tobacco, cotton, soybeans and corn. meanwhile, only a small proportion of homeowners in north carolina have the necessary insurance coverage for flood damage. only 10 to 20% of coastal homeowners have flood coverage through the national flood insurance program, and only 1 to

3% of homes in inland areas believe it or not have that coverage. experts say the numbers are low because many homeowners aren't technically in high risk zones neil back to you. neil: gerri thank you very very much and when billionaires get board i guess, southwest ceo is scooping up time magazine for $190 million, so maybe print isn't dead, connell mcshane? connell: well it's an interesting buy here because ben ihoff is buying it along with his wife, lynn, as individuals kind of following the jeff bezos playbook, and what he did with the washington post. it was jeff bezos who bought the washington post. neil: he wasn't interested in the other publications right? connell: and he wasn't interested in fortune or sports illustrated and it's trying to sell so he could have bought all of those instead chose to buy time to make a run at it and

paid a decent amount of money remember bezos paid $250 million to the washington post this is 190 million for time magazine where business week sold the bloomberg for like a dollar at the time, so it's not a time these last few years when magazines have been necessarily going for hundreds of millions of dollars so he obviously believes he can make something of this and it seems to be in talking to analysts about it an investment in journalism rather than just an investment in say print journalism there will be a question now maybe not in the next month or two but next year or two will there be a printed time magazine. that's always the debate. neil: newsweek is largely a digital enterprise. connell: right so do you go the same way and go all digital? some of the analysts like what time has to offer in terms of like say the brand like the person of the year which gets people worked up and excited and still does after all these years , so the fact that time is known for taking photos now will they expand as they have been the amount of videos could that

be an advantage indigo tell for benihof, he's supposedly not getting involved but they have the money to put behind it and so did bezos with the washington post and they have eight quarter s in a row of being profitable. neil: but the content, this is the argument to folks that make this stuff no matter what device you get it on if you don't get it in hard print you still need it. connell: and the talent but people still, if it's ourselves we're assuming we're the talent ed ones here. neil: indeed we are. connell: but people whether it's on television or in print i think bezos has shown this a little bit in the way with the washington post if you have talented journalists producing solid journalism, people will go to it and in that case with the washington post they will pay for it and not saying that time will necessarily go down that road but you'll be able to sell advertising to support it. if it's done right it can still -- neil: if it's done right but if there was a day where time ruled the landscape and their cover

stories were the stuff of national discussion. connell: still the subject of the presidential tweet from time to time. which by the way benihof may be in bezos company in other category there. neil: incredible. we're just letting you know that the maine senator susan collins is going to be speaking at around 4:00 p.m. eastern time about the whole kavanaugh/ford dust-up here, a vote that seems to be put off for the time being they want to allow ms. ford to go ahead and state her case whether that's an open or closed door meeting and for judge kavanaugh to respond. but they are eager to get this donald soon. we shall see, after this.

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♪ neil: all right, this drama keeps building with judge kavanaugh who by the way we're told that is brett kavanaugh the president's next choice to become the next supreme court justice is at the white house. we're getting word susan collins of maine will make a statement of some sort 4:00 p.m. eastern time couple hours from now. she has said it is important that this christine ford woman, high schooler at the time we're told, dealt with brett kavanaugh as a student at a all boys school. it got nasty and she says very violent. they want to let her state her case. they want the judge to state his case whether this will be before a television audience or to the panel behind closed doors is anyone's guess. they're trying to make sure the nomination can carry on to bet a

vote done. time is of the essence. thursday decision to get out of panel is increasingly unlikely. perhaps that what senator collins will allowed to. so little time for what it to happen itself. to trish regan. trish: thank you, neil. it is a devastating sight all across the carolinas. you have remnants from hurricane florence. the remnants continue to wreak havoc in the region. florence is still a tropical depression and dumping unrelenting rain. it is causing massive flooding. not a good scene there. just a short while we'll hear from president trump on historic flooding. stay tuned to that i'm trish regan. welcome, everyone, to "the intelligence report." ♪ i want you to look at this video, take a look,