problems we're starting to see the same indicator beginning to perhaps break down over the next several weeks. [closing bell rings] liz: jack is giving a little warning. jack ablin, thanks. we're watching for 200 billion in tariffs on chinese goods. stay tuned for "after the bell." melissa: tariff uncertainty hits wall street. stocks sliding deeper into the red during last minutes of trading on new trade threats between the u.s. and china. the dow ending the day down 91 points near session lows. s&p 500 snapping a five-day winning streak. selloff for the nasdaq, closing down nearly 1 1/2%. tough monday i'm melissa francis. david: look at the nasdaq, really that is the big story. the dow had been down triple digits. not so nasdaq. i'm david asman. glad you could join us. this is "after the bell." more on on the big market mover. first here is else what we're covering for you. we have a lot of live action.

a new round of tariffs set to kick in any moment on $200 billion on chinese foods. president trump speaking moments ago, there will be a official announcement coming after the market close today. at that is now. we're watching the white house, we'll bring you the news as soon as it breaks. we're expecting to hear from republican senator susan collins from maine any moment. there is a scrum on outside of her office. that is the left side of the screen, amid accusations of sexual misconduct by the president's pick for supreme court justice brett kavanaugh. collins is a key swing vote to confirm cavanagh. republicans can't afford to lose her. we'll bring you live with comments from capitol hill. the carolinas, they have been inundated with more. more on the rain tonight. deadly floodwaters are rising to record levels taking out bridges, dams, roadway, cutting off access to entire cities. we're on the ground in one of

the hardest areas where rescue missions are currently underway. melissa: back to the markets. dow starting off week in the red dragged down by shares of apple, boeing, mcdonalds. susan li on floor of new york stock exchange. >> we had four-day winning streak for the dow ending today. s&p 500 ending a five-day win streak. you're right, had to do with some trade concerns. volatility gauge known as fear gauge spiking as we anticipate announcement on expected 10% tariffs on $200 billion worth of chinese goods. that really dragged down the technology sector today. apple in particular, amazon, two of these big heavyweights really seeing the worst session since april of this year. apple though, in the last hour some breaking news that apple airpods and also watches might be excluded from those 10% tariffs. a bit of reprieve for the stock, not that much. but they do trade in a cluster

and when one of the big heavyweights falls it takes down the rest of the sector. amazon was a big drag, down 2%. that really took down the rest of the nasdaq, down 1 1/2% at the end of the session. amazon being sold off on concerns about data leaks. we started off with reports that amazon employees were leaking data and user information in return for bribes. most of this taking place possibly in china. we saw amazon really the big drag. citi also calling for a breakup of the company in terms of cloud computing from the retail division. we should focus in on deal news as well. we just got confirmation that cigna has gotten a go ahead from the department of justice. yes, the justice department approved the 52 billion-dollar acquisition. cigna will buy farm any benefits manager express scripts. that as you can see rallied both stocks in the session. express scripts hitting new intraday high.

i don't want to miss out on the technology names from china. as i mentioned we're expecting some sort of announcement at the end of the trading day. here we are, so the big chinese internet stocks like alibaba, jd.com and throw a new one, tesla in china seeing big declines in the session. back to you guys. melissa: susan, thank you. david: very interesting. we're awaiting a major announcement as we just heard from president trump on china trade that could happen at any moment. let's go straight to edward lawrence with the very latest. edward, what are we expecting? pour port david, president trump any minute could announce tariffs on $200 billion of chinese imports. >> after the close of business we'll be announcing something. a lot of money coming into the coffers of united states of america. a lot of money coming in. you will see after the business

closing today, the markets closing. reporter: could be anytime. it has the chinese spokesman saying they will take counter measures. chinese minister of commerce delegation said they will consider skipping next round of talks in washington. according to the chinese they were supposed to meet officials from from the treasury department at the end of the september to talk trade. we don't know what final list of foods may be affected or fallen off the list. the president's economic advisors say the tariffs are bringing countries to the table. >> the tariff story may be a very good force for good. don't rule that out. like i said, people want, people want to blame president trump for fixing a broken system and i think that's unfair. reporter: still the chinese have not taken step to protect u.s.

companies intellectual property or lower their trade bearers why. the president said helped revise nafta. he says the deal is close. the president adding he has a deal with pecs -- mexico and trilateral deal is close with mexico. david: thank you, ed. melissa: michelle mckinnon from payne capital management. what do you think of what you heard? >> i think it is interesting whether i goes from 10% to 25% with the regard to the tariffs. i don't think the tariffs will be enforced too long. there are rumors that eu, japan and united states will form a coalition. if they go against china, that will be 40% of china's exports that would count in those three countries. we can't forget, china is dealing with their own economic woes from higher unemployment, sharply lower retail sales numbers and a ton of debt, $40 trillion worth of debt. i really think china will come

back to the table here. melissa: liz? >> that is certainly the expectation. the market began to sell off when larry kudlow squashed the optimism, saying in fact the president would be imposing some tariffs. the market continues to woof depending latest sense where these negotiations are going. i personally hope we get the nafta thing locked up. that has to happen this week by thursday for a whole lot of other things to fall into place. i think it is incredibly important right now for the trump white house to show americans that some of this bluffing and hard-line tactics are actually going to bear fruit. i think nafta is the starting place. david: while we await on a new round of china tariffs we hear some apple products could be spared. airpods and headphones are not on a list of expected items to

be taxed when president trump's new set of tariffs are to be announced. our panel is back. liz, from my expect tiff this is kind of micromanagement of government of companies i can't stand. think at this interferes with the process of free enterprise. what do you think? >> i think you're exactly right. i think this is picking winners and losers. the reason the market is unhappy, trading off, particularly the tech sector is looking at supply chains. they're focusing what does it mean for companies sources as apple does a great deal of product out china. consumers are going to get mad. let's back up a little bit. that looks weak to me. at that is kind of a weird response. david: michelle, i love the fact this administration has a lot of real business people as opposed to professional politicians. that makes a lot of sense, they know what incentives are, they know how they work. but i get a sense they think they know better how to do

business than people in the business world. >> a lot of this is rhetoric, all the tweets and headlines -- david: it is a head bluff. >> i think so. david: interesting. melissa: i also want to get your take out of the report on amazon, they're investigating employees for accepting bribes to delete negative consumer reviews and leaking confidential information. liz? >> this is another chapter in don't believe anything you see on the internet story. melissa: right. >> but, this is kind of a weird story to me in that it basically has to do with suppliers, people selling on amazon competing for space and so they're bribing, employees are bribing the companies to, sorry, employees are being bribed to offer up information that helps them garner more of the tremendous flow of business that's coming from amazon their way. you know, bottom line is, they're just so darn big i suspect it is very hard to police and if the opportunity is just too appealing.

melissa: yeah. that makes a lot of sense. michelle on one hand i never read those reviews anyway or what people post i assume if it is good it is the person's mom. if it is bad it is someone just broke up with the guy that run the company. david: like yelp. melissa: i never think those things are legit. at the same time people are paying, if employees are susceptible to be bribed over this what else is going on? >> unfortunately i do often succumb to reading those reviews so i need to get better at that this is a big test for jeff bezos. he hasn't really run into his problem before. how he will handle it will really tell us can he succeed and can he continue to run this huge company? i would say if you've been a buyer last week you probably think the stock is even more attractive with the recent selloff. melissa: guys, thank you. good stuff. david: $62. that is how much this story cost amazon today. big loss for amazon. melissa: wow. david: we were looking moments ago of pictures outside of susan

collins' office. there is a group of press people waiting foreher to come out of the office on the way to the floor where she will say something about kavanaugh. there is the scrum outside of the office. they would probably tackle her if they could. we're awaiting brand few details on fresh round of tariffs to the tune of $200 billion. we'll bring you that news as soon as it breaks. >> that is funny. she is never getting by without stopping. we're expecting comments from susan collins amid everything that has gone on. this is about the president's pick for supreme court justice. remember her vote is key. we'll bring you her comments live. david: officials are warning the worst could be yet to come believe it or not. there is more rain in the forecast for some areas of north and south carolina. tonight it is already experiencing historic and deadly flooding. we are on the ground in one of the hardest hit areas coming next. >> we know we're seeing epic flooding in north carolina. this is a state that has been

used to floods but we have never seen floods like this in this widespread. and a lot of people are displaced. ♪

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i don't know. i started my 401k early, i diversified... i'm not a big spender. sounds like you're doing a lot. but i still feel like i'm not gonna have enough for retirement. like there's something else i should be doing. with the right conversation, you might find you're doing okay. so, no hot dog suit? not unless you want to. no. schedule a complimentary goal planning session today with td ameritrade®. david: taking a look at a picture outside of the office of republican senator susan collins. she ace key swing vote. if she goes against kavanaugh with 51 seats republicans have in the senate, there is a good chance he won't make it and be confirmed. what she says is important. she will leave her office. where all the press people are, mulling around right now, to go to the floor of the fat -- floor of the senate, as soon as she pops out of her office we'll go to her. melissa: half a million are without power, look at pictures,

after hurricane florence slammed into the carolinas and lingered over the region as tropical depression over the weekend leading to more deaths. more rain fall is in the forecast. kristina partsinevelos is live in lumberton, north carolina with the latest. kristina. reporter: i am not just anywhere, i'm on i-95, the longest highway from maine to miami. looks like a normal highway. casually strolling in the middle of the highway, wow, bam. you see all water flooded in from a makeshift dam in this town. on the far right-hand side of what you're seeing on the screen. pretty much blocked all traffic on this highway. it has become very difficult for people to get rescue aid, to get any type of help. we have to take a boat literally. you're seeing water right now. we have to take a boat all the way from the other side over here. there is another rescue boat you can't see right now. they are going to get some dogs.

weave been here all day. there is no power. there is reports that power has come back on but it hasn't really hit this area at all. i will keep walking. we've seen fish if here. a bunch of red ants. i seen a snake in the water, like in a community nearby. you name it. it is quite deep. this will take a while. the concerning part of all of this reporting is the fact that it is continuous floodwater coming up because the dam has broken. you have a makeshift one over there. water is running in on both sides of this highway and there is massive flooding in all the homes in this area. why people have to continue to be evacuated. even in sunny skies right now. sun literally came out. we're expecting a little bit of rain this evening that add more pressure on the system. this is climbing higher. why you're seeing i-95 flooded

completely in lumberton. back to you guys. melissa: wow, kristina, thank you. be careful. david: here to react, todd semonite u.s. army corps of engineers, chief of engineers and commanding general. thanks for being with us. first of all the sun is out. a lot of damage is already done. when you have dams breaking, when you have flooding that can get worse. tonight there will be more rain, tonight, right? >> david, thanks for having me on. i want to make sure i express our thoughts and prayers for all those people out there. this is about the department of defense going all-n we have 13,000 people deployed. i just left the pentagon to talk to most senior leaders over there. they want us to see where we can see additional capabilities where dod can step up. just over 800 evacuations been done by great servicemembers. whatever we in dod can do we can do it. you asked about these structures, there is a couple thousand dams in this particular area.

david: wow. >> we're watching 30 of them very, very closely. i think what is more important. i have to stress to all the viewers out here, this is an eight-state problem. for the last four days we're focusing on north and south carolina. but this storm will wrap up all the way through new york. we're trying to help local officials understand rain that will fall in a couple days from now is still coming down through wilmington, david. this is just an unbelievable delay of how these watersheds receive this water. david: i know it is going in other states but frankly the 20-inch level, or maybe 30 or 40-inch level we've seen in some parts of north carolina, that makes north carolina and south carolina real hazards. one of the grade things about the region -- hold on a second, general. we have got susan collins. we've been waiting for here she is. >> i have said in order for me to assess the credibility of these allegations that i want to

have both individuals come before the senate judiciary committee and testify under oath. reporter: if this continues to be he said,-she said is the allocation disqualified? how do you adjudicate something almost 40 years old? >> that does it make it very difficult. that is why it is important that there be a very thorough interview and that we see both individuals respond to the allegations. there are an awful lot of questions, inconsistencies gaps and, that's why to be fair to both we need, we need to know what happened. it is my understanding that the staff is doing interviews, or has proposed to do interviews and then i assume would be the prelude to some sort of appearance. >> senator collins -- >> do you believe dr. ford? >> i don't know enough about

dr. ford and her allegations yet to reach that kind of judgment. that's why having the opportunity to observe her being questioned, read a transcript or, and a deposition, and make that kind of assessment is so important. obviously if judge kavanaugh has lied about what happened, that would be disqualifying. [all shouting questions] >> i got to get her to the floor. i'm sorry, guys. >> i will answer this one last question. [inaudible]. >> last week the judiciary committee staff informed me of this letter. i read the letter. at that point we had no idea who had sent it and, i noticed the date of the letter and wondered

why the information had not been released long ago. i asked judge kavanaugh when i had my final hour-long telephone call with i am on friday about the letter and the allegations that it contained. he emphatically denied that the allegations were true. he said that he had never acted that way, not only with this unnamed accuser but with the any woman. he was absolutely emphatic about that. >> thank you, guys. >> is this just a he said/she said, how do you make this decision? >> that is why it is so important that we have testimony under oath with a lot of questions to both of them. and that -- >> -under oath. >> that's it, guys.

>> sorry. >> thank you. melissa: so that was senator susan collins right there, talking about these allegations against judge brett kavanaugh that had been made by this dr. christine ford. if you listen carefully she said some important things there. that she had received a letter about this before, that when she looked at it, she looked at the date on the letter and wondered why democrats held on to it for so long without letting them know about it. at same time there was no name put to it. now that she knows the name of the person involved she doesn't feel like it is fair to make a judgment one way or the other without meeting with her had and seeinger for herself, at that is the accuser, dr. christine ford. she wants to hear first-hand for herself. she mentioned on friday after reading the letter, she talked to judge kavanaugh and she said what is the deal with this basically? he said i am -- emphatically it was not true of the susan collins said if he was lying about that, the lying would be a disqualifying factor.

so a lot of information there. david: there is one other point i think needs to be made which is senator feinstein had a chance to talk, when she had a chance to talk with judge kavanaugh in her own office, she apparently had this letter. she could have asked him. she did not ask him based on the letter she had in her hands. melissa: that's a good point. david: would have been great for her if she had questions about what this woman, then anonymous woman was alleging. if senator feinstein had serious questions about it he could have, she could have asked him about it and apparently she didn't. so a lot, so many questions, melissa. some questions. melissa: interesting. david: blake burman may have some answers for us. he is live at the white house. blake. reporter: i'm not sure i do because this is a fast-moving and very complicated story. from the white house's perspective perspective, from president trump's perspective, they are standing behind the supreme court nomination of judge brett kavanaugh. the president was asked about this earlier today. the president described

kavanaugh as a fine person, someone of quote outstanding intellect. kavanaugh as you mentioned goes on to say, put out a statement today which he said these allegations that he sexually assaulted christine blasey ford during their high school days are not true. this is the statement, quote, this is a completely false allegation. i have never done anything like what the accuser describes to her or to anyone. because this never happened i had no idea who was making this accusation until she identified herself yesterday. i am willing to talk to the senate judiciary committee in any way the committee deems appropriate to refute this false allegation from 36 years ago. and defend my integrity. the portion of the senate judiciary committee is an important one because you have many people up on capitol hill, including republicans who say they wan to hear from miss ford before any of this can go further, if any of this process can go further. ford's attorney earlier today said her client is willing to testify and to do so before the

cameras, to do so publicly at some point on capitol hill. the way this process is set up going forward is on thursday there are scheduled to be a committee vote. that is extremely tenuous at this point as you just heard from susan collins of maine, a republican who is viewed as a potential swing vote. the week after that republicans were hoping to vote on brett kavanaugh and pass him through. just last week it seemed it was a formality, or as close you could get to a formality that brett kavanaugh would make it through the nomination process. republicans have the numbers. however it is now very much a big what if at this point. president trump was asked just a little while ago at the white house whether or not this process should be delayed. he said, quote, it depends on the process. i would like to see a complete process. so the president at least through some -- threw some of his weight on idea potentially hit hadding a pause button. but again chuck grassley on

capitol hill who runs the senate judiciary committee has not gone that far at least not yet. brett kavanaugh was here at the white house today. president trump said he had not spoken to him. david: blake, thank you very much. melissa: here is chad pergram, fox news senior capitol hill producer. chad, you asked senator collins very important questions from the scrum. there what did you hear? what was your impression? >> probably the most important thing that emerged from that scrum was what she said about disqualification. senator collins spoke with brett kavanaugh on friday. this call was already booked because she had questions what she found in the documents and then these allegations from christine ford came out. we didn't know christine ford's name. she did pose questions to brett kavanaugh during that phone call on friday. what susan collins said a couple moments ago if these allegations made by ford are proven to be true, that would be disqualifying. why is that so important? consider the math in the senate. the math is unmutable.

it is 51-republicans, 49 democrats. if you start to lose susan collins who hasn't announced position on brett kavanaugh or potentially lisa murkowski or other republican senators that spells problems for the nomination. they can't dip too far below 50. keep in mind three to five dem contractic senators who might be willing to vote for brett kavanaugh. i would look at those that voted for neil gorsuch last year, joe manchin of west virginia, heidi heitkamp of for the dak, joe donnelly of indiana. if republicans put 50 up on the board, that is a problem. i wouldn't expect any democrats voting for kavanaugh if they have problems getting this across the finish line. keep in mind they want ad vote in committee on thursday. if they will reopen the process, maybe have brett kavanaugh up here, maybe have christine ford up here, there is no way they can do this before the end of the week or the weekend. the reason, yom kippur, the

jewish holiday starts at sundown tomorrow. if they have a full-blown confirmation hearing again like they did in 1991 with clarence thomas and anita hill, keep in mind they closed the confirmation hearing and about to send it to the floor. the anita hill allegations came out and they opened those hearings. unclear if the republicans go that far. there will be a conference call with kavanaugh and republican staffers from the judiciary committee at 5:30. democrats say they will not participate because they don't think it's a transparent process. they would like the fbi to go through thoroughly vet this that obviously takes time, folks. melissa: have you seen these reports about dianne feinstein knew about this, met with him, didn't ask him about it when she was with him had one-on-one? that would be pretty telling if that is the case? >> well, and that is exactly with mitch mcconnell, the senate majority leader said on the senate floor within the past 40 minutes or so he said this, you know didn't come through in

regular process. he called it an 11th hour attempt, sort of sideline. as he brought up the fact that feinstein had not brought this up in the regular order and asked why? that is why those who are supporters of bred cavanagh look at this with a little bit after jaundiced eye. wait a minute, is this really just an effort to derail the confirmation of brett kavanaugh at the last minute? or at the very least cast aspersions on him to put cloud on him when he sits on the court if he were to be confirmed. melissa: in terms of timing, when does this have to happen, in order for there to have time to be the vote and the whole thing? >> well, you foe that's at interesting thing. it doesn't have to happen at any particular time. the -- melissa: before the midterms. >> supreme court always begins as fableed book says -- as absolutely right. the president said he doesn't mind if it is delayed a little bit. they would like him on the

supreme court term starts on monday, october 1st. that was mitch mcconnell driving that train to have judiciary committee vote on thursday, procedural vote to end debate monday and confirm him next week, monday the 26th. melissa: chad, thanks for hopping in front of the camera, good work. david: there is question of time how much time elapsed since the incident actually happened, whether or not there was mistaken identity as part of the accuser. senator hatch was referring to this. suggesting there may be some evidence in fact there was a mistaken identity. that kavanaugh's memory is good. her memory, accuser's memory is good as far as the incident concerned but not necessarily the people involved in the incident. melissa: it is, i mean it is interesting, you heard sues can can -- susan collins hang on did he lie meme or not. that is the test. david: socialism, $40 million in so-called free government

programs. one of the newest faces in the democratic program is not so sure how to pay for it all. melissa: because there is no way to do it. plus catastrophic flooding in north carolina. it could get a whole lot worse. these poor people. we're back on the ground with latest on the scene. >> flying in food and water because roads being blocked by floodwaters. only half the story?

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reeling from florence and it's not over yet. fox news's rick leventhal on the ground in ogden, north carolina, with the latest t was, i can see sunshining now. of course there is rain expected to night but a lot of those dams have burst, right, rick? reporter: it poured earlier but the weather changed dramatically. in some cases we're getting a first look at situations like this where this road washed out. it happened between thursday night and friday morning when the hurricane was roaching the coast. the gentleman next to it, woke up and saw a pit when overflow water came rushing through and it took out of this section of middle sound loop road inning again, which is a few miles north and east of downtown wilmington. beyond this you can see work crews arrived to try to start, we believe getting to the water line compromised here and maybe get to the point of trying to start patching up this stretch of road.

now this doesn't affect that many people. fortunately the folks on that side of the road can get out that way. and people can get out that way. 1200 roads closed temporary across north carolina, that includes i-95, and and i-40 major north/south and east-west routes. city of wilmington was cut off for a time. 120,000 residents couldn't get out of there. we had crews tried to leave to get to raleigh or south and couldn't and had to come back. they have opened one of the main routes into the city. food and water can be trucked in. a lot of areas are still flooding. people still dying because of floodwaters and other hazards left lined as florence makes her way up to the north. >> as long as people are dying it is still a crisis. rick, thank you very much. melissa. melissa: agriculture and livestock are some of north carolina's biggest

industries and a threat as floodwaters rise. larry wooten is president of north carolina's farm bureau and he joins us now. sir, thank you for coming on. tell us about the damage and what's happened? >> we're blessed in north carolina that this storm came ashore was downgraded from a category 3 or 4 or category 1. we shudder to think with would have happened if it came onshore as a three or four. there is wind damage particularly in the coastal counties. but the dig story as your reporter said, the big story will be water, excessive water, floods. we have over 1000 roads closed right now in north carolina. i have a daughter who lives in wilmington i can't get there from raleigh. getting there will certainly be a couple days away probably. agriculture was in the bullseye of this storm. it couldn't have come at worst time for north carolina agriculture. we're beginning harvest of many

of our crops, some we haven't harvested at all like cotton and peanuts. tobacco harvest was 50% complete. a question how much left in the field will be salvageable. much of our corn was out. we don't know what damage to the soybeans yet. the biggest thing has got to happen the water has to get out of these roads so we can get to these livestock operations, those poultry operations make sure they're okay. our farmers have done a tremendous job in preparation, prepreparation for this hurricane in getting down those waste lagoons. getting generators to make sure animals had feed, water, ventilation as well as prepositioning feed in many of our areas that are flood-prone. so we feel pretty good right now. we have to get some days like today, get the rain stopped and get out to make assessments. melissa: do you have any sense of the barn flooding? we heard a lot of talk what may

have happened to hogs? if there is a flood coming, what do you tell them to do? not like they can move all the livestock? >> any of the livestock looked like it was going to be in jeopardy was moved. we have not heard of any barns being overflooded. lagoons are not breached. >> that is good news. >> that is literally hogwash. this was being put out there that there is mass disaster in north carolina's pork industry. nothing could be farther from the truth. melissa: well i am so glad that you came on to straighten us out what is real news and fake news, larry. our prayers are with all of you, for a speedy recovery. thank you for checking in. we appreciate it. david: good man. >> call us anytime. thank you very much. >> we'll do. david: terrific guy. we have meanwhile breaking news on shares of oracle sinking after hours. they are down following about, down about 4% following a beat

oning per -- earnings per share but missed on first quarter revenue for cloud services. board authorized share buyback authorized by $12 billion. failing to defend the cost of democratic socialism. it has a 40 trillion-dollar price tag. one of the leading advocate for the movement has absolutely to idea at all how to pay for it. we'll talk about that coming up. ♪

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$38 trillion. david: what is $38 trillion among friends. alexandria ocasio-cortez failing to outline where her money for free government proposals will come from. here is dan henninger, "wall street journal" editorial page deputy editor and fox news contributor. let's just talk about she is planning to give away from the goodness of her own heart. milton friedman says easiest way to give away money when it is somebody else's money. to say the least. free health care, free college, free income. >> guaranteed income, guaranteed income. but she is $38 trillion short of paying for it. >> there was a bit of a freudian slip when she talked about waving a wand, it is magic, do you believe in magic. i think it is a serious proposition, david. what this suggests, people like ocasio-cortez, the socialists basically don't care about the price tag. they're not interested in that. the idea is that you will promise this sort of thing to

millenials, that health care can be free, college will be free. they get elected. they get power. they run the government. the problem is the places they have been allowed to do that, like detroit, bankrupt. state of illinois. bankrupt. new jersey, connecticut, gasping for air because there is not enough revenue to pay for promises. david: not to mention all the student loan programs which are terribly underwater. somebody will have to pay for that. naturally that will be taxpayers. there is a way to get free education and ken langone just showed us that. one of these evil capitalists she talks about. just gave $100 million to nyu medical center. med students are getting free tuition thanks in part to that. capitalism that does allow for occasional free gifts, genuine gifts from people that have the money to do it. >> there is a couple other things capitalism does, david. she is talking about we ought to have medical system like the uk or the europeans.

the europeans have for decades been free riding on pharmaceuticals created in the united states by a for-profit system and some extent switzerland. they use the things we have. what she is proposing in effect is to put a ceiling on medical innovation and medical progress because there would not be enough money to contribute to that sort of innovation. it would all be going to supporting the underlying system. we know in the uk and canada it is already breaking beneath the cost of those systems. david: well, you know, politics you never let facts get in the way of a good argument. there is still despite the fact numbers don't add up, she hasn't bothered to ad things up, things up she has appeal to the head of the head of the democratic party, tom perez, he says she is the next democratic party.

>> they are not stupid to run this in every congressional district. they are running much more moderate democrats, like woman running for rodney friehling haas send seat, former prosecutor, former marine, running as centrist democrats. in state level, centrist democrats west virginia, indiana, north dakota. but at national level where you have presidential candidates they have joined themselves to her ideas and i do not she david, that is politically viable. david: we'll see. dan henninger, good to see you, thank you my friend. carolinas struggling to recover as the more rain is in the forecast tonight. more on the u.s. army corps of engineers are lending a hand. we gave the general short-shrift. he is back in a minute. hey, no big deal. you've got a good record and liberty mutual won't hold a grudge

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david: we have some break news. julie chen, is resigning from the cbs show "the talk." according to the "new york post" newspaper. chen is the wife of course who can be seen here as well, former cbs chairman, ceo les moonves. moonves, she hasn't been on the show for weeks since he was ousted from the company for alleged sexual misconduct. meanwhile we want to get back to the story in north and south carolina and elsewhere with todd semonite. army corporation of engineers and chief of engineers, commanding general. sorry we had to go for the sues can collins breaking news but we appreciate you coming back. i want to talk power plants and particularly the nuclear power plants which are of concern as the storm was approaching. did they fare okay during the storm? >> they do. they are run by private companies and watched closely by

the state. federal government is able to help do assessments there. we don't see any threat with those power plants of the most of the infrastructure is holding up pretty well. our focus as you said in the beginning is really on dams and levees. david: one of the great things about the carolinas there are so many military bases there. i got a son who is at one of them by the way but you have got a lot of help there from people who know how to pitch in in a crisis, right? >> of course you do. all the services are right in that area. the fema staging base, we put right at fort bragg. so you have got all of these servicemembers there in brag, fema, side by side. of course dod is in support of fema. if a state or local government needs help, we have over 100 helicopters ready to go in. 100,000 soldiers, sailers and marines. it is very convenient all those people are right there. david: start with rebuilding

where we began with which is dams bursts. that is your specialty, right. >> it is. we have 10 corps of engineers federal dams and five army dams. there are five or six thousand state and local dams. the challenge you have here, along a river you might have, you know a federal dam, and a state dam and a local dam. what is important to know, those are all working in concert with another. if one dam were to have a challenge, that will have ramifications down the river. that is what the corps does i think, help a state understand what could be the impact but how does that whole region? where water two or three states away might come down to have impact. so the thing we're watching out, all the way up until this next saturday, we could see some of these rivers, cape fear is a good example, where it started out as 16 feet last friday, it will go to 30 feet by this saturday. people are walking around wilmington thinking it is not

raining and sunny, we still have a lot more water to come down the river. david: wow. you have the runoff coming down from the mountains. so that is a problem. general, we wish you the very best. you're doing a heroic job. our thoughts and prayers are with you, general. thanks a million. >> we're working with fema to help all the people suffering through this disaster. david: you're a good man. thank you for being here with us. appreciate it. it has been 10 years since the collapse of, believe it or not, of lehman brothers. a look back at the great recession and the lessons we learned since. ♪ fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from

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again, that 4.5% fall is about equal to what happened in some of the worst foreign markets over in asia and in europe. it is hard to believe that was ten years ago. that of course was when the financial dams broke all over the world, and we slid into one of the worst recessions ever. the market lost half of its value over the next three months, until we finally kind of plugged the leaking. but then instead of giving businesses breathing room by lowering taxes and reducing regulations like we have done at the end of every recession, in my lifetime, president obama went in exactly the opposite direction, raising taxes and creating all new layers of regulations and bureaucracy in almost every industry in america. that's why we grew at such pathetic levels for all those years, but at last, we have the regulatory and the tax cuts and now we are growing, as we should have back then at the end of the recession. let's hope we finally learned our lesson. one of the most basic in

economic theory that incentives matter, and always will. thanks for joining us today. "evening edit" starts right now. right after close of business, we will be announcing something and it will be a lot of money coming into the coffers of the united states of america. lot of money coming in. but you'll be seeing what we're doing right after close of business today. the markets closing. >> we are awaiting that announcement. president trump saying it would come after market hours. details could come out at any moment. we will bring you that. we are monitoring after hours market comments. president trump also hosting hispanic heritage month at the white house. we will bring it to you as well. also, secretary of state mike pompeo is also delivering remarks. he's been critical of former secretary of state john kerry's so-called shadow diplomacy with iran.