around today we were up 300 points on the dow. neil: stuart: it could drop below $1600 a share. extraordinary stuff. connell mcshane in for neil today. as stuart and ashley talked about we were giving up some of those gains. we're up barely over 100 points on the dow jones industrial average. s&p 500 is advancing. if anything markets moved back, barely into positive territory for the year after all the selling. that we saw last week. technology still the story.

apple, and facebook, speak to something of a mixed picture today. apple' stock is down 25 cents. facebook's stock is up 46 cents. both of those company are in the news this week. they both report their earnings. apple has a product announcement later in the week as well. talk about all that is going on. john lonski joins us mark luschini and to start us off on "cavuto: coast to coast." you go first how someone. >> the gold locks report that came out friday to me see dell rate something a very. i'm recommending my clients take opportunities if you're able to ride out volatility, buy and hold strategy you want to engage right now. connell: debate whether you're buying dips or selling rallies. move to john lonski, since

katherine brought up factors that play into what you do for a living over there at moody's. how do you read what we her last week on the globe economy and more importantly for markets how the federal reserve will interpret it? there was some saying federal reserve had a reason to ease up on interest rate hikes, what do you think? >> catherine's view on the economy is exactly right. that is begs the question why the fed is fighting inflation so strenuously an fervently if there is no sign after pickup by corzine inflation? as an investor you have to recognize reality. with that means, is the fed is perhaps going to stay on the course of hiking interest rates justified or not. and as a result, as an investor you have to proceed cautiously. connell: so follow up on that, john, to be clear. you do not think necessarily the course of action for the federal

reserve should be to hike aggressively but you think they will, that is the bottom line? >> exactly. many market participants question whether or not we need the rate hike in the end of december amidst equity market volatility. my own view, if the market continues to slide that december rate hike that is so highly anticipated will not happen. connell: mark, what do you think about all this? >> i certainly agree the macroeconomic settings remain quite constructive. 3 1/2% on gdp suggests we have pretty strong inertia into the economy that should continue well into 2019. benign inflation ratings allow this to percolate without the fed being overly aggressive but i think the fed has a high hurdle rate why not to raise rates in december. they made it very clear they're still accommodative with a 2%

rate level. i think we should expect more to go. i don't think that should reach a choke point toward equity prices. 2, 3%, in environment where make crow economic conditions in the u.s. particularly healthy as they are should not unnerve investors so i think this correction should be bought. connell: that is interesting. should be bought. we her both sides over the last week or so there is whole another camp says sell the rallies. you get a little of sell the rally. we saw that a number of days last week, to be honest we're seeing maybe it again today. we're up 98 points on the dow. technology companies are interesting to talk about and interesting to watch. so much news surrounding them. we'll get more earnings from facebook and apple this week, but amazon, amazon today, down again. it had a huge plunge. on friday it was down almost 8%. a 7.8% decline. today amazon down another 3%.

that is almost a $60 drop in the stock. what do you make of what is going on for amazon? for all these months we could only talk about positive news for the stock and now something else creeped in. what do you think? >> underperformance of the technology sector as a whole has been tenacious. for the last month it is second worst-performing sector in the s&p 500 led by amazon as you mentioned, connell. to sector is outsized in positive earnings growth as well. we have underperformance in the markets but we've been outperformance with 27% earnings growth year-over-year. that beats the overall index and that points positive towards the sector going forward. connell: you think about these companies, john, i think that "wall street journal" article is getting a lot of attention that mentions amazon and other technology companies facing a prospect that could hurt their future earnings. more taxes in other countries that article mentions asia and

latin america. one of many challenges whether regulation here or taxes overseas companies have to deal with. what do you make of the landscape john lonski. >> think about higher interest rates at home. housing sector prices down 25% year-to-date. they're down 14 or 15% since the last rate hike. move company stock prices are down sharply for same reason. expectations of higher interest rates. so the equity market is telling us right now, that the fed interest rate hikes, the recent and perspective rate hikes are taking their toll, expected to further depress interest sensitive activity. connell: does it make sense -- >> can i jump in here, connell? connell: real quick, katherine but i want to get to mark also. >> great. important to keep this in context. the fed funds futures markets are showing a lot of hikes are already priced in. i would contend if the fed hikes next 12 months three types, it

is priced in everyone is expecting that. if they hike further double that, i think that would aggressively -- >> i would like to add -- connell: make the last point on that, john. >> unit home sales are down 6.5% from their peak of 2017's final quarter. if you continued to observe a further increase by short and long-term interest rates, i could almost promise you the by early next year, home sales will be down by 10% from their peak. in the past, that has been enough to turn treasury yields lower. i wouldn't be surprised the fed is finished hiking rates by middle of next year. connell: mark your thoughts? >> i think one more this year and possibly even three next year. i think there is more room under the cap here and again i don't believe it necessarily will put the market back on its heels. connell: certain sectors into

other groups because of that or, what would your investment strategy be as a result of that? >> right now i would be reluctant to chase those sectors that are interest rate sensitive and designed only been working because they're defensive in nature and that would be utilities, consumer staples, telecommunications stocks f in fact we see the macroeconomic conditions begin to once again usurp that of concerns about some of the riskses that have resulted in the rerating of equity prices over the last few weeks, then i think the cyclicals will stand to benefit. things like energy and things like software. connell: get back to katherine and john's discussion or debate there. what do you think, mark, is priced in. what is the market anticipating, not what you think will happen, but what you think the market already baked into the cake in terms of interest rates? >> i think we're expecting to see three rate hikes. one more this year and two more next year. as katherine said i think market is reflecting that, reflecting in the yield market and equity market. the equity market is pulling

forward prospects of the risks around midterm elections and trade. i don't think it is fully discounted. i think we're closer to a bottom and we'll ultimately land at the top before this expansion exhausts itself. connell: whatever we're going through, would you agree, john, we're not done with yet? >> we're not done with it. i think bias for equity prices are lower. memories of 1987 the bias is lower until the fed at least changes its tone and perhaps maybe the fed will eventually be forcing to even cut rates in response to heightened financial market volatility. keep your eye on junk bond yields. spread still relatively narrow. if that foes up to 600 basis points that tells me we'll have contraction of liquidity that threatens the recovery. the fed will have no choice but to change direction. connell: way things are going, i don't think anybody would be shocked the market ends up lower. it was up couple hundred points

earlier and. appreciate it. we'll get back to market movements as we continue here, why someone here says one thing is about to slam stocks. we'll find out what that one thing is after a quick break. we'll be right back. a porfolio based specifically on their needs. we're fiduciaries, stewards of our clients' money. entrusted to do what's right. it's a mission. a guiding principle our firm lives by. charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com hey guys. today we're here to talk about trucks. i love trucks. what the heck is that?! whoa! what truck brand comes from the family of the most dependable,

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connell: so the bombing suspect and pittsburgh shooting suspect both are due to make court appearances today. both will be later this afternoon in court. as that's happening, one of the things that emerged here, there is talk about this over the weekend, social media companies are facing some degree of backlash for either kind of missing a warning sign or maybe not doing more in one or both cases. so deirdre bolton is up at the newsroom looking into that side of the story today and reaction to it. hey, deirdre. >> connell, the role of social media companies monitoring flagging hate speech is back in the spotlight. social media hosting site, gab, has been taken down. several services are declining as businesses. go dad by allows people to register internet addresses. it had hosted gab. it is giving gab 24 hours to move to different service. the deadline expires monday

night. a few other services are out right refusing to host gab. gab is fighting back believe it or not. they put out, i will read you part of the statement, we'll put it on the screen. gab.com is under attack. we've been smeared by the mainstream media by having free expression for all people and working with law enforcement. this is a part of a much larger statement. gab denies supporting violence t has backed up the alleged shooter's profile data, suspended his account as all other social media companies have and has contacted the fbi. this is the not first time that gab, at least is at the very least fighting with even the business community. it's a social networking site. it has 650,000 users t doesn't have filters. you basically have to decide what i say to you personally is offensive and you have to block me. twitter as we know by comparison, 325 million users,

facebook, 2.2 billion and counting. i'm going down the list with some of the business community conflict this is company had in the past. in august, microsoft threatened to kick it off its azure cloud computing service. the reason citing at the time, hosting posts that advocated genocide against jewish people. the author of the post later deleted them. microsoft took action. gab went into a similar problem last year. domain registrar similar to godaddy, we'll kick you off, you have to find another host n 2016 apple blocked gab from its app store citing pornographic content and hate speech. also blocking gab from the google play store because of hate speech. i contacted twitter to see if they're blocking gab. they say, we don't comment on individual accounts for privacy and security reasons. i'm reading off a very official statement which is quite lengthy

actually and goes through and refers me to official rules. gab, like all twitter accounts must abide by twitter rules and gave me a download of the rules. at very least, connell, shunned by the business community. connell: most people hadn't heard of it up until this, at least, gab. >> certainly. connell: we received from the white house there i will was press briefing today. that will take place at the top of the 2:00 p.m. eastern hour. so this and all the rest of the news going on will undoubtedly come up if she handles the briefing. 2:00 p.m. eastern time in the white house briefing room. a tech analyst is here. we were listening to deirdre's report, certainly these companies, twitter everybody knows, facebook everybody knows, but this gab.com few people heard of until what happened in pittsburgh. they have come under scrutiny. now gab is done. what happens next? >> well i think this is always a game of "whack-a-mole."

gab was started by my understanding from a conservative programmer not pleased with how certain algorithms were treating hate speech in silicon valley. it was a very liberal bias. he went out and started gab.com, brought in all people kicked off the other platforms. connell: now that it is gone, somebody else can do the same thing? >> absolutely. you can't stop people that want to convene and discuss things from doing so. connell: the numbers are much lower. deirdre talked about them. 650,000 users, versus millions or billions in the case of facebook i guess but still gets the information out it which i assume is kind of the goal of these people, have some sort of a platform? >> sure but i think there is a difference here. you saw what happened with the bomber situation, he was on twitter trolling people, trying to engage. he was trying to work with the main public. gab.com group is like-minded people that hang around and hate together. they're preaching to their own choir. connell: what is the

responsibility from people you talk to, what are the conversations i wonder from the companies that are larger. you're right about twitter, other examples after political pundit appeared here on fox, she was threatened by she think this is man on twitter, among other things, hug your loved ones very closely. she reported it, this woman and twitter basically said, hey, listen, that doesn't violate our terms of service. that is the story she is told. >> sure there are a few things at play. social networks have to deal with scale, billions of people making comments that is hard to police the situation. connell: in this case they did have a report. when they get a report officially from someone they must deal with it some way, right? no i think they get far more reports than actions by far. maybe a system is putting in place to start flagging to sending to right officials and danger pay attention to it here. those platforms try to make a safe environment because they make all their money from

advertise dollars. advertisers don't want to be adjacent to hate content. the dangerous about gab.com, they're spread to their own beliefs, they are not there to make money so that makes them more dangerous. connell: there will be another version of gab.com, especially twitter and facebook, twitter is looked at, if they clamp down even more there is motivation to come up with another vehicle. >> that is what happens. used to be social network wasn't cool, which gave birth to another one. places not safe or friendly to their word will escape somewhere else. i think it's a giant game of "whack-a-mole." ultimately free speech didn't kill people. unfortunately it was the weapons. connell: the person had those weapons, the person killed the people, you're right about that but it is an interesting discussion an one that these companies i assume will continue to have. thanks a lot. >> thanks for having me. connell: as we move on we'll get into the other subject which is

immigration. so much talk about the caravan and trump administration, announcing a little while ago, sending troops to the border, 5000 of them. we'll have a former homeland security secretary to talk about that. jeh johnson with his perspective right here next. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions 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 other money managers. fisher investments. clearly better money management.

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connell: we're really giving up these gains in the market. give you a quick business business alert after being up with some strong, strong gains at the open. it looked like one of those gains we were close up 2, 300, maybe more on the dow jones industrial average but now we're only higher by 59. the volatility, that is the story last week continues. as i said to our guests a few minutes ago, whatever it is we're going through, repricing of the market, how everyone will look at it, doesn't appear we're done yet. only up 52. but first watch this. >> this caravan is not getting in. there is a legal way to enter this country. those who choose to enter

illegally will be stopped. we're working with our partners in mexico. they had taken unprecedented efforts within their territory to insure an orderlily flow. those who had no legal right to be there are removed. we intend to do the same. my general message to the caravan. do not come. you will not be allowed in. there is a right way to emigrate to the united states and this is not it. connell: current secretary of homeland security, kirstjen nielsen with that warning issued over the weekend. president trump has been tweeting about this topic as well and said the u.s. military will be waiting for the migrant caravan at the border. former department of homeland security secretary jeh johnson who worked with the obama administration is here in the studios. >> thanks for having me. connell: your reaction or impression how the administration is handling this issue? >> well, first a little bit of history, illegal migration on our southern border is fraction of it used to be. high was fiscal year 2,000.

1.6 million apprehensions on the southern border. in the recent years it ranged somewhere in the 300,000, 400,000 range. we had a spike in 2014 my second year of in office. connell: right. >> we did a number of things to drive the numbers went down. the members went down, 2015 was very low year. 2016 was crept up again. 2017 was a low year, mr. trump's first year in office. >> the point it goes up and down? >> it goes up and down, this is lesson learned while i was in office, you can do certain things change enforcement policy, issue warnings like secretary nielsen issued, that will cause at most a short-term shock to the system. after that is over illegal migration patterns always revert to their normal as long as the underlying conditions in the country which they are fleeing continue to exist. connell: the trump admin operation would argue that is not necessarily true. we need better border security and let's not allow anyone,

administration officials have said in the past, just walk across this border? >> better border security contributes to the problem. we actually invested a lot over the bush, clinton, obama years, in better border security which contributed to the downturn but that will only get you so far. and as long as the three countries, guatemala, honduras, el salvador as violent as they are -- connell: they will always continue to come. >> the push factors will continue. there are no easy answers. there are no quick fixes. that you can't shut down the southern border. like saying i want it to stop raining. connell: i want to ask you about, that the direction the way the administration is moving. you brought up history on this particular story, caravans moving in from central america, there's a history, right? how did you deal with it in your time in office, when a caravan like this, maybe the numbers,

this one might be bigger in numbers from the reports we're getting, i'm not sure if you can confirm that, when a caravan like this made its way to the border how did you personally handle it? >> in early 2014 we saw a spike early in the summer. we expanded family detention. we kept families together. we expanded family detention. that was controversial. we sent the message. we got the mexican government to better secure their southern border with central america. connell: are they doing that this time? doesn't seem like it? >> frankly i don't know that they are. connell: so mexico do do more? >> mexico do do more. the new administration coming into office in mexico, don't know quite what the new president's attitude towards immigration will be. in mexico, immigration is regarded in many quarters as a human right. connell: right. >> but definitely a cooperative relationship with the government of the mexico can contribute to our own border security. we have simply got to invest in

dealing with the poverty and violence at the source, otherwise we'll continue to bang our head against the wall i'm afraid on this problem. connell: let me ask you about ports of entry, people coming in here illegally, versus asylum process. john roberts reported on this, one of the orders, possible executive order under consideration would allow asylum claims to be made by these folks coming in at port of entry, at official border crossing the but anyone coming in illegally would be automatically denied, not coming through in a legal measure and would automatically be denied. what you do you make of that? >> legally, i don't know if you can do that legally there is obligation to consider a legitimate claim for asylum. connell: even if they don't come through a legitimate port of entry or border crossing? >> most people don't come through a legitimate port of

entry. once they assert claim of asylum, law requires that it considered fairly and appropriately. connell: that could face a legal challenge. >> good facts make good law. sympathetic facts on the other side won't necessarily make good law for you. connell: if there is one thing that this administration is doing that you would do differently in this particular case, faced with this many people approaching the border what would it be? what would you do differently? >> again there are no easy, quick fixes to this problem. you have to invest at source. one thing we would not do in the prior administration is separate families. could not go there. this administration did it this past summer. hugely controversial. the numbers are still high. there are a number of different things. would i work cooperatively with the government of the mexico. i would encourage other nations in the region to set up their

own asylum process, refugee vetting process. so there are alternate places for people who are truly desperate to go. connell: we're told some did apply. i believe the number was 1700 for the asylum in mexico. >> we can support efforts to give people alternate safe path to go. our congress can and should be doing that in my judgment. connell: jeh johnson, thank you for your perspective on issue. thank you for coming in. former homeland security secretary. as we continue, we'll get back to markets. way we started off, looks like a huge rally in the tech stocks maybe not so much. look at nasdaq, it is down by 33 points today. amazon really turned it around. we'll try to see where the market is headed to the extent we can predict that. we'll be back after a quick break. ♪

♪ connell: so another story we're following today, the supreme

court could make it harder for workers to sue their employers in a court of law. the person following it for us is kristina partsinevelos. in fact she is right outside the supreme court there in the nation's capitol and joins us right now with the very latest. reporter: actually a big week for class action lawsuits and the fate of class action lawsuits. why? because the supreme court will look at three cases as to whether workers can take their cases to the supreme court or will be forced into arbitration. one of the examples of is a truck driver versus new prime, that is his employer. the truck driver filed a class-action lawsuit against his company saying he wasn't paid wages. the company says he is not allowed to go to court. he is forced into arbitration. he is saying no, that is not the case because i'm a contractor. that is one example of cases going to be held this week. if you're wondering what is the difference, what is the benefits between arbitration and litigation going to court, let's look at benefits for litigation.

the litigation process, or maybe some of the cons you have to go through the a court. you have a judge. you possibly have a jury. could be a longer process. could be much more expensive. however if there is any personal issues, sexual harrassment cases that is out in the open so could put, hold the company accountable versus arbitration, it is hype closed doors, between two parties and a third outsider. it is much shorter, much cheaper. but then employees say, hey, we don't get as many rewards. that is proven through various research. if there is sexual harrassment case, it is kept confidential and we the public don't know about the settlement. in may the court ruled in favor that employers can block employees from filing class action lawsuits. so today, this week, the next step is terming are workers forced to go through the arbitration process as the first

step? that is something they're discussing. based on the arguments we heard so far, looks like the court will most likely rule in favor of the employees. connell: interesting, we'll follow that through the week, kristina, thanks. the story is the turn around. stocks are well off the highs. in the case of the dow jones industrial average there is still green on your screen. 92 point advance. nasdaq turned around. many tech stocks are lower. we're watching interest rates, we're up to 3.10, that is up a couple basis points today. while we talk interest rates, let's bring in former bb&t executive officer john allison. good to see you. the thought what rising interest rates really mean. we talk about it in the context of stock market. people say we're in trouble, that is why we were in trouble the last couple weeks. what is your general impression before we dig into it, rising

interest rate environment we're in? >> good afternoon. i think the market and the economy, to some degree largely discounted interest rate rises that the fed anticipates making. the real issue will the rates rise higher or faster than people expect? i think long-term challenge, not that long term, rising interest rates will raise government deficits and could raise them materially. the u.s. government is the world's largest debtor. you could have 3, to 500 billion-dollar increase in deficits that will rattle markets and impact the economy. short term i don't see impact being much different than we've already seen. longer term, it is a challenge. connell: couple things there. get into the president's criticism of the federal reserve, what that has meant. how the federal reserve will react not only to that but the data last week. the follow up on the deficit

point, john, what is the time terrible of worry on that? when do you think red flags, red lights start flashing on the deficit issue if they haven't already? >> well, for me they have been flashing for several years. connell: i figured. >> i'm not sure why the market -- connell: yep. >> yeah, i would guess within the next year we start seeing actual numbers and rates get higher and stay higher, it will be hard for the market or the economy to ignore the implication of a much more expensive level of debt in the u.s. economy. connell: over the next year. you're right. your guess is as god as anybody. people that have your point of view, somebody should have been thinking about this years ago as opposed to a year or two down the road. you're absolutely right about that. ask but the federal reserve reaction that plays into all of this. there are a couple schools of thought. president went after jay powell,

critical of the increase. last week some people said you know what? , jay powell if anything reacts to that i will keep raising rates, won't say this obviously but i have to prove in my mind of the federal reserve and this federal open market committee is independent from criticism from the president and anybody else. the president's criticism might have opposite what you would think would be desired effect. others say in the data, you can find reasons the fed will slow down, not be as aggressive. what do you think will happen? >> i think the president's comments will have basically no impact. i think the federal reserve will go by their own models. and so i don't think that his comments will matter. the federal reserve is political organization in long-term context. they have to be approved by president and congress. you have a lot of politics but not some reaction to immediate

comments. what is really interesting, there are a lot of economists focus not just on interest rates, but what is call nominal gross domestic product and gdp. the ngdp the fed has been very accommodative and more accommodative than it was during the economic correction. so one of the interesting issues, are they already being accommodative? what they need to do is, is raise rates and actually slow the growth of the money supply. connell: be careful, john, you might get yourself a tweet for that pretty soon, if you're advocating for higher interest rates. thank you so much for coming on. that is interesting. good to see you, john allison, formally of bb&t. president is hitting the road, like at end of the midterm campaign, eight-state blitz ahead of election day. will that be enough for republicans. on the house side, open question

obviously. what about the senate? maybe add a few more seats than expected? karl rove with a lot more to come. dow picking up speed, up 146, 147. looked like we would give up the gains. we'll see how they play out. we'll be back. a little bit of water, it really- it rocked our world. i had no idea the amount of damage that water could do. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they were on it. it was unbelievable. having insurance is something everyone needs, but having usaa- now that's a privilege. we're the baker's and we're usaa members for life. usaa. get your insurance quote today.

♪ connell: now to politics. eight days to the midterms. president trump making a final push, a eight-state blitz ahead of election day. we have a map where the president is headed and get into the importance of some of these states. when you look where the president is going, boy, this is a lot, in not a lot of time. florida is a big one, for people, we keep talking about this, because not only you have the senate race but you have the governor's race down here in the state of florida, not only will the president go there once, he will go to florida twice. some of these other states are interesting, to go out to montana, get a pickup. there i've been to tennessee recently. blackburn is starting to look better in the senate. a couple trips to missouri. that is the mccaskill seat in the senate. one that the republicans would love to take back, think they can take back. indiana is another close senate race. seeps like, seems like as we look at the map it is all about

the senate it really does. trip to ohio, that is interesting. seems like the governor's race, can he help out there, keep a republican governor when that become as important state in the presidential election. is it enough for the republican there is? whether in the senate or even in the house. "axios," political reporter joins us. great american alliance joins us, eric beach joins us as well. some of the information i talked about there was in an "axios" story that came out either last night or this morning, talked about some of the states where the president is going. is your analysis similar, seems like this is all now about the senate and, we'll talk about this, but whether there is any indication maybe that you read into that, have republicans and white house given up on the house? >> it does seem to look like that from the reporting and analysis at that we've done. we've gotten hands on some

details that the white house political committee planning some of these rallies is done. if you look at these places you just laid out, it looks like he is interested in the senate. and also really interesting, that everywhere he is really been going, especially, look, down 34 rallies or will do 34 rallies by october 31st. of the 34 nine of them are in states hillary clinton won in 2016. it is not about persuasion the president is rallying for, going out about energy and getting his base and republican out for election day. connell: always been this president's strength. eric, to elena's point is firing up and rally the base. let me respond with the same question we could be reading too much into the map tells us, these are big, close, toss-up senate races, that is where the energy is for the president. where the resources are being used of the does that mean to you that republicans are not feeling as good about the house?

>> well i just think it comes down to trump's messaging. he is a middle american messenger. when he goes to a state like montana, where he thinks he can flip a state he won by 20 points and he believes he could come out on november 7th which is three to five senate races. we're a republican. not a plurality. in the house, you will have auto correction at some point in time. reality if the democrats win the house a lot of forecasts might win it by three or four congressional seats, in places like california, new york, if we hold on to them some of them, outside shot we can retain the house. it bodes well for 2020. if the democrats gain control of the house. they will be obstructionist. they will have no message that meets middle america and will do well for his. connell: what do you think after trip to ohio.

you that wouldn't make a ton of sense. governor's race in ohio, having republican there, that might be something a president running for re-election in 2020 would love to have in such a key state. have the governor's mansion still be in republican can hands? is that what you're getting at, that type of strategy? >> i think pendulum will swing back. in 2020, the map is not as great as it was for us on the senate side. we may lose seats. as long as we're not below 51, that will be great. talking about a state in middle america. the democrats don't have a message reaching out to middle america for some time, and whether it get bass tock the house is to be determined. connell: elena, a democratic strategist, for scheduling reasons, dropped out of the panel, because we had to move the time that is neither here or there, i'm asking what you heard from democrats, why i bring that up, on the house side is there

confidence going up in the last week or two -- all right we got this, or are you starting to hear some worried democrats say, boy this will be a squeaker? what is the confidence level of democrats are we are aweek out? >> what is really concern to democrats i'm speaking to as well, not talk after blue wave. doesn't look like so much of a wave anymore, how many seats they will keep? to eric's point it is looking like it will be much more scenario, regardless who wins on election day. democrats will probably win it by slim margins or republicans will eke out a narrow majority. either way it will not be, especially from policy standpoint, looking like there will still be gridlock in congress, especially the house regardless who wins. connell: why i'm wondering why the president is not more aggressive in the house races. see both sides, president can have bigger effect in state-wide

races, holding large rallies, get the score up to 54, 55 in the senate. but if it is as close as people think, what happens with the close house races. maybe not giving up on the house? >> no, it is. look, there are places in florida, for example, even in his backyard in new york, if he maintains those seats where i'm in california and orange county, there are two or three seats stay on republican side, we retain those, we'll keep the house. again it is interesting we flip scripts here. republicans because of trump basically are the grassroots party, getting out, doing rallies, getting out their race. democrats have three or four donors spending nine million, 10 million how races if they win. what will they do that, if they win, the donor class party without a message? it will be interesting win or lose come democrats 7. connell: what is the big story, all the enthusiasm on the

democratic side, but republicans played catch up, did so effectively. we have a lot of data that showed that. the data shows we're about even. what about tragic events we've had in the last week, how does that play into it? we've had volatility in the stock market over last couple weeks, how does that play into it? where are both parties in enthusiasm? is still a tie game you figure? >> in enthusiasm, democrats are winning out in that sense, they look like will have more energy and enthusiasm on their side. you're entirely correct, republicans he specially after the kavanaugh hearings did play catch-up after today, much in democratic favor especially looking at young voters and minorities. if democrats do take the house in november, this is something that is really driving enthusiasm as well, i think biggest thing regardless of how big the margins investigative

power. they have the power to subpoena. they have the power to bring in a lot of testimony that they have been wanting to. i think that is also driving a lot of democrats ahead of infarction i know, eric, we're out of time. that is worrying a lot of republicans. they know that could hold up the president's agenda. >> they have been investigating two years. connell: that is one of the things, quote, unquote on the ballot, that kind of power. thanks, guys. we appreciate it. good discussion. we'll look at this. see if odds changed today by election day. markets changed today. with all the volatility we're covering of late. the dow is up 25, but the tech story is still the bigger story. nasdaq turned from gains to declines. amazon giving up earlier gains. we'll be back to talk about it. hour number two of "cavuto: coast to coast". , i to, they don't have any of those. i want to know what i'm paying upfront.

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... chubb was there within hours. they helped make sure it was safe. we had everyone we needed to get our museum back up and running, and we opened the next day. neil: our number two of clinical skills. i'm connell mcshane filling in for neil. another big week for markets and tough to interpret exactly what is going on but i will tell you what we've seen. we started with the upside and tech turnaround. that is what has gone on today and now stocks are pulling back from their highs or in the case of the nasdaq turning negative but apple and facebook really story stocks and they're coming out from the companies but they have turned around other big tech names have turned around during the week. job support we have a lot to

talk about with dennis, dr barton and susan was down at the new york stock is change for us today. that is, that is my analysis is that whatever were going through the stock market is not over y yet. i guess i'll start with you on what are we going to in the stock market? >> bear market and people have to understand that it's been a bear market for a long period of time and globally stocks have been trading down for the entire year and reach their peak in january and down almost 11% since january ties and i think people need to pay attention to what we have is volume coming in on the downside and volume and more stocks are down it state that are up and it's a bear market and use any period of strength with which to reduce lung positions. connell: there is your headline. that's what is for discussion. dennis, this is a bear market. let's go to you on this. >> lot of individual stocks that a pullback. we talk about last couple weeks

but i will highlight amazon just for today because member with a pullback we saw from amazon on friday there was almost a% and today it is down and is on track last check i believe to finish the day into use dennis, bear market territory for this stock. 20% off the high, netflix the same deal. take it where you want to go. dennis says were in a bear market, what do you say? >> well, dennis and i have known each other a long time, about 15 years and i'll have to politely disagree. we are down with the 11% number and i don't agree were down 11% were not in a bear market until we get down 20% and i don't think we are going to see those numbers on this trip i think there are things that are telling us we might even have put in an intermediate . connell: let's start to analyze that every time we say buyers are going to come back in the

market like this morning they start to come in the market comes up low and susan can talk about this and i oversold condition and start to shoe up and then we sell these rallies and in particular with the big tech stocks that led the bull market that we were in so doesn't that were you, dr? >> it does, connell. your point is well made and i think there's what i've seen is in my analysis is that we had lower volume like on the big selloff we've had recently like on wednesday than we did earlier in the month perhaps. we've also seen in these terms that the premium the people are paying for options which is affected in the [inaudible] is not really kicking off yet. i agree that we were in a bearish mode but i don't think were in a bear market. i'm not yet ready to throw in

the towel on buying the stocks on the pullback. connell: susan, you come in here on what you're hearing and i'm sure you've been doing a lot of talking about the morning. that's just under 24 with the beer gauge but i don't know if you want to break the tie on this is bear market but what are people talking about? >> direction here and the sentiment here is pretty calm at this point. you can orally fell down and no one is panicking - we are not technically in a bear market by the way. i think there's a bit of a shakeout taking place right now. don't forget we have a lot of geopolitical issues and affect the world index global shares are at the lowest they have fallen the most in sense 2,011. us is relatively contained compared to that sort of performance so for me right now what is seen is people are taking money off the table but i don't see it at this point. connell: let's dig in, dennis.

you get pushed back and i'm not going to get twitter but pushback from people saying apartment miss the end of this thing and is upset that he did and - >> i'm not upset, no. connell: what is the reason that you think - susan is right were not technically in a bear market but what the real big reason you think were going to? >> i think the real big reason is that monetary authorities who allowed the adjustment monitor base to expand from 800 billion to 4.3 trillion from 2008-2,015 have now allowed the fed to roll off those treasury securities and adjust the monitor basis fallen about 50% from its highs and the fuel that sponsored the bull market and the fuel that sponsored a stronger economy is uncommonly strong and that fuel has been reduced and been taken away and it's like when you take the foot off the accelerator in your automobile you tend to slow

down and that is exactly what is going on and that the primary reason. we no longer have the same amount of fuel incumbent in the market we had in the previous years. connell: i don't think it was but the same way, dr but what dennis is saying has been said by some and off. the president of the united states when he took shots of the federal reserve every time someone asks about a down day about market. he says it's because federal reserve is raising interest rates to quickly but to dennis' point, we don't have that accommodation anymore, that is fair, right? >> yeah, for sure. i do completely agree with dennis that the punch bowl is being taken away. i have to say i disagree with the president that the raising rates too quickly. i think rates have been artificially low for too long and that what is going on in the market, give-and-take, back and forth is a very healthy and that we need that kind of thing. i agree with dennis that we are not in a monetarily supportive environment right now but one of the things that is overcome that is the extra cash coming in tax

reform that is helping to offset that. further down the road - the economy can say stronger. connell: [inaudible conversations] >> connell, to your point, it is a lot of that in the market but i still think it is very difficult to discount back all the future tax changes or tax breaks that are in and discounting that back from a cash flow basis to understand what the companies are really worth that will continue to be a difficult thing and we will continue to see the free cash flow that can be reinvested for future profits and keep coming in to these companies for the foreseeable future. connell: susan, let's talk earnings. were looking at the calmly supporting this weekend when it's on its energy company on the screen. allstate with crest ties when it technology company and we see a decent monitoring on screen. when it is we see almost all red in these big techs have really

taken a hit and continue today. when we make of that? >> i would agree that technology has led this year up to these record levels and taking money off the table this is a healthy thing as was said. i want to point out the biggest buyers of stock in the us in the first half of this year have been the companies themselves and buy back over $700 billion in the first six months in 2,018 and a record level when you're treating heb evaluation companies are tempted to buy back more of the shares so some are saying this might be a buying opportunity and we might be . connell: is there value out there in a place that you are buying and maybe but outside of us equities but where do you find value if you're negative on the us market right now? >> i find value in owning five and tenured treasury securities and find value and there are some socks that valero has find

fallen almost 30 or 40% in the last two months and that may have my interest. [inaudible] has my interest. very simple elegant stocks that are incumbent in normal economic strength and there is value there but will i be a buyer of high tech on the spray? no, not on your life. connell: what about a company that's been so successful like amazon that has fallen off now 20% - >> weight, can i just point something out though? we are down 24% for amazon this month but let's keep things in perspective it up close to 40% on the year so the sky is not falling but let's keep things calm but maybe that is true, dennis, but can we take that question on my big technology company possible back from amazon would not be perspective? >> maybe i'm too old to understand high tech. [laughter] no, it is true. i shall never be able to understand amazon nor will i

understand tesla. i can understand simple, elega elegant, common makers of as i'd like to say on the show, things that if i dropped the moment but will hurt. that i understand it a grant other people the right to make all the money in the world treating high-tech, god bless the people that have - well done, i give you great credit. it's just beyond my ken. i'm a civil guy. connell: i'll trade you that red hat deal. so many amazon packages delivered to my house i'm sure it got dropped, but it would hurt. i don't know if that helps. [inaudible conversations] connell: let's pull back because to susan's point have huge gains that are in in the companies but they have big techs pulled back, are they valuable looking to you at this point? >> here is the bottom line. everyone can understand and i can explain this to my third-graders that i teach economics and they would get this. when you have - this week

facebook will report against a revenue year-over-year growth number did they make 33.4% or not you mac that is that consensus average. none of those docs that make sense that our industry stocks and dennis i like them here in a rising interest rate environment but none of them are putting on mid to high double-digit gains all the time. that's why amazon, google, facebook, netflix are still the places to put the money until that huge growth in stock because when you are buying a stock we are buying future growth and that is where the really big growth continues to be. i like them on the pullback. connell: let's wrap this up in the discussion. i enjoyed it with all three of you. i do want to do the first interview with dennis cartman when he buys the big technology stocks. the new bun men managers and dennis cartman is next. i would do that interview. thank you, guys. >> i will call you.

connell: take a look, first of all, let's remind everyone that the white house briefing is coming up in under an hour. that was put late under the schedule so with everything going on in the world will be plenty of questions about all sorts of different topics for the white house press secretary, sarah sanders. that's at the top of the next hour on foxbusiness network at white house briefing. will be matched with much more with no coast to coast in a moment. [ telephone rings ] [ client ] - hey maya.

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connell: 45 minutes away from sarah sanders press briefing at the white house at the top of the next hour. with so much going on. blake burman joins us live from the north one. he is the latest and questions on just about everything as usual, i would think. >> yes, 26 days and the last one of the things and you got to go all the way back to october 3 press briefing here at white house at the press secretary if they are sanders to be fair to the white house there has been a little bit of change in strategy, change in messaging over the past month because we been hearing from the president directly himself with they were doing is putting them out there and these open pull sprays that acted as many press compasses but when you look at the president schedule today it is entirely clear only his

intelligence briefing early this morning so there's not an opportunity for the president and for the white house to engage in one of these on camera appearances. we will get sarah sanders for the second time this month. we do anticipate, as i'm sure you talk about it throughout the entirety of your show, much of the focus on the shooting of the weekend at the synagogue in pittsburgh, pennsylvania. the white house already facing questions as to the president's tone into his response over the weekend. here with how kelly incarnate responded earlier this morning. >> he denounced it i semitism in all forms but he said we must rise above this evil and called for the death penalty for this murder in pittsburgh who gunned down 11 innocent people because of their faith and he said the word anti-semitism and anti-semite, any number of times, that is the lesson from pittsburgh everyone. reporter: over the last week or so we have seen these calls for stability from all across the

country and the president this morning sending out the street that we anticipate will get some question. he wrote - that will 42 minutes from now we get sarah sanders here at the white house, at the briefing room. connell: the president has already been asked about what you were talking about whether he would tone down his own rhetoric and said he would not. he would tone it up in one of those appearances and that was late last week. blake, thank you. we will get back to the white house for the briefing. in the meantime, another thing come up with the tragedies we been covering or is the role of

social media. social media companies. some facing or scrutiny now and maybe missing warning signs whether it be in the bombing case or the pittsburgh shooting. defense one technology editor patrick turner during the snow. patrick, good to see you. the site gab .com is apparently where this guy they carried out pittsburgh shooting or alleged to was posting just people information and that site has been taken down by the servers hosting it as we understand. the other thing interesting about this is twitter's role. cesar sayoc the suspect in the bombing case had said to threatened people or people appear on tv and on twitter complaints were filed and twitter said no, no violation of our policies. anything changes as a result of this in terms of how the comedies respond? >> a lot could change. you will see increased public pressure on companies to do more which is, in part, what microsoft which ran the servers

that gab was hosting - that was in part what they were responding to before this event took place. they were in the process of ending the gap and people in the process of ending their agreement with gab, in part because of the constant people were seen on a social network. in the case of twitter, it's interesting, october 11 cesar sayoc posted to a political analyst turning her and then two weeks later after this event happened twitter over begin publicly apologizing. if you are a social media company is a great place to be is publicly apologizing for an event in the news to us after the fact. there's a lot they could do here in terms of censoring rhetoric or helping law-enforcement to better monitor it. for example, look back to 2,014 when social networks were facing a similar but distinct problem

in terms of extremist rhetoric from jihadist groups. at the time they do not want to do anything but there were public outcry and it was universal on both sides and develop new technology and new policies informed new partnerships to get that problem under control led mostly by facebook. it was effective. we are dealing with a problem here, much more politically sensitive but in theory the same technological and policy solutions could work in that same way. connell: i think some wonder about the numbers and whether the numbers of either complaints or incidences with the - you know anything about that? say for example, is all nonsense out on twitter and we know that you can check anybody's replies or mentions and you will see that but in terms of reported incidences like this one where someone gets what they perceived to be a threat and reported maybe it doesn't filing the standards or not a threat but make someone accountable now twitter has something. they have a complaint. could they at least, to your earlier point, go to your

authorities? over the numbers be overwhelming? i don't know if twitter has come out and the public with that information. >> right. taken by itself any particular violation of terms of service even one that is rooted in 20 language those numbers are overwhelming and any number gets a lot of them. here is what you can do. take the information in the context of an individual digital trail across a variety of social networks and from this can develop indicators of potential elevator. one social network by itself looking at threat indicators is not necessarily inefficient helpful to law-enforcement but at least it indicators of potential on behavior that are called lone wolf attacks and in the case of robert bowers he had a social media profile on facebook that wasn't in violation rhetoric on gap that clearly indicated taken together that does indicate island ideation and when facebook and twitter and all the social networks were dealing with this problem jihadist propaganda they

agreed to work together to share that information and that is the key here. they have to get out other silos and say this is a problem that we will deal with collectively to bring down the number of false positives and address outrage and better tackle the problem. connell: it is something worth looking into. we don't want to assign blame the blame is with the person carried out the tilburg crime but whether there is responsibly for these companies to get out ahead of it do more than they're doing. patrick, thank you. >> thank you will president trump big eight statements or brush head out on help the republicans in order to add a few seats in the senate or what about the house? we brought it up last hour. republicans - [inaudible] i don't know. karl rove is coming up with th that.

connell: president trump may not

have much on a schedule today but has is getting ready for a campaign blitz. former bush 43 deputy chief of staff, karl rove joins us right now on what he makes of all of this. in terms of how the white house is the point the president we make of the strategy. he's going to montana, tennessee and i believe, ohio for the end of all of this. we make a strategy? >> pretty smart. were fighting on two different battlefield here. one battlefield arts of the country with president's job approval is high and north dakota it's 60% and in montana is in the high 50s and nationwide its 44. they will deploy the president to the places in the country for his most popular. we are also fighting a battle in congressional districts that are basically places where republicans were reelected but hillary clinton carried the district. he's been in a lot of these places earlier this year a lot of administration forgets family

members and members of the cabinet and vice president are rolling through these districts and have been rolling through these district for months. as we get to the end of the president will focus his efforts on the part of the country where people are in favor of him and in favor of what he's doing and let the people who are running to the house in the swing districts have a little bit of time or the end to be a very strong input of themselves without a presidential visit coming in and walking on top. connell: interesting. one of the things i asked about the discussion earlier was whether or not going to states that have close senate races, florida, tennessee, missouri and others whether that was a sign that the begins by sending the president were more focused on adding a couple seats in the senate but were they giving up on house and you state that the case.

>> no, i don't think that is. they are keenly aware of the following. if you take a look at the polls and look at the president's job approval rating lightly and this is pretty consistent around the country. those who approve of the president's job performance, just over two thirds like him and his policies, a third of them like his policies but don't like him and they don't like the tweets and so forth and so on. the president will go to the states where he tends to be significantly above the national average for the parts of states where he's above - watch where he goes in ohio and in florida. i bet you it will be the more conservative parts of the state and he will driving up his numbers in the numbers of the candidates in states like missouri is popular, montana, indiana, you name it in the states he's going to where he is inevitably about this leverage and he will be giving house candidates is but a bunch of money behind an effort behind it a bunch of political muscle in the rnc involved in those races he will attempt to time here at the end to do what they did in 2,016 which is to run ahead of

his national number. connell: to make some of the races as local as can be. i'm interested in the breakdown that you brought up. you said two thirds and i get those people are and what do we know about that one third group in terms of demographics and who they are and the people who like the policies that don't necessarily like the person. >> they tend to be suburbanites and tend to be women and college-educated and the interesting thing is that their enthusiasm for voting and enthusiasm for coming out and putting the public and was altered started to alter in the early september. the natural process of we're getting close to the election and so i like the tax cuts and strengthen the military and good conservative judges like what he's doing and relief and maybe what he's doing on trade but i don't like these other things but actually in september they began to come home and report week of september gasoline was born on the fire in form of the

kavanaugh hearings and those people now are fervent about coming out to vote. connell: so if the republicans keep house that the key group, it would seem, right? that one third. >> that is right. connell: has the cap not faded it and all? >> i think - i think it moved off the top of mine you asked about it and surveys it tends to be less impactful than it was a couple weeks ago but the enthusiasm measures remain at a high level. it's like it was the accelerant that cause them to give a big boost and now they've forgotten why they had the big boost but the big boost still there. look at these enthusiasm measures in the two parties close up to each other. again you put your finger on it, connell. the white house is not writing out the house but what it saying is we got to put our energy and effort in place where will have the biggest impact and in swing districts we need to give them the ability to end on a good note without us interfering in that message delivery system.

one last thing. on election night itself how will be no? what should be look at as the night is still young as they say? spirit well, we'll look at early races. for example, kentucky six for the democrats are taking an effort - kentucky closes its poles early and if it's a big blowout for the republican it will be a good evening. if it's close either way it will not tell us much except it'll be a long evening. count on it. the control of the house be settled by a couple hundred votes in a dozen or two dozen races and we may not know the next morning because if it comes down to cover that there are seven races in california and if it's a close auction we could be waiting for the votes to be counted as a comment to the mail on wednesday and thursday and friday in california. connell: everyone wonders whether they root for close elections or - [inaudible] >> people have at this time. >> house, senate and governor be one we appreciate all the time.

as you move on here back to business with tesla facing more legal trouble. charlie gets freedom has been all over the story is new information in terms of just disbarment and what they may be looking into now. that stock today up 2%. be right back. alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today.

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to learn more about the range of aarp medicare supplement plans and their rates, call or go online today to request your free decision guide. oh, and happy birthday... or retirement... in advance. connell: we are back here just in reporting the looking into claims of tesla which has to do with model three production goals and it's always something as they say. charlie gets freedom joined us. [inaudible conversations] it was up friday when the journal wrote this piece in one of the we did reporting on it and i called the law-enforcement officials and said check me on this. yorty know just disbarment is looking at tesla and we already know is an outstanding sec investigation into the public comments about the production timing and numbers on the model three whether they were accurate

enough or whether they were lies. we know that. what is different about the story, i asked my sources, and they said the fbi is looking into it. should that be a big enough story to merit the stock? law enforcement sources say i can tell you about markets but i can tell you the fbi which any baskets anything doj does. that is not a big deal itself, one. >> it was the fbi intensifying and looking at it more closely. connell: any advancement in all of this? spirit no, when we brought this up on twitter elon musk retreated and added a few sense of his own exactly what he said something about we should show the tweets we probably haven't and exactly - there we go. connell: there we go. >> so the second one but this is

interesting. he talks about the foi, freedom of information act. connell: there it is. >> the only thing in the gulf is when he says that is that he will somehow sue the justice department because trying to figure out if they are leaking stories about the company to short sell and he has this whole mimi going about there's this sec and the government and the sort seller . connell: oh, yes. but it was something like that so he and this whole thing going that this was in play strategically to the stock. connell: not that anyone that he would but if you soon elon will best off and - spirit i will say this. this case they would have to tangible proof he lied and documents. it's really tough. i'm not saying it's impossible but what do i know? and telling you it is extremely, extremely difficult.

that little story didn't have document or evidence second thing i want to be done is tomorrow a big day for ge shareholders. we reported back to make the ge was considering a dividend cut and the brand x tv business television, what the call? connell: i don't remember, like a whole long - >> they try to shoot down the story and was delayed or confirmed that a dividend cut is being weighed particularly under the new ceo, flannery, oldfield was playing it - tomorrow we will know. connell: one way or the other. >> if he does or doesn't. they're definitely looking at it - it looks like they will cut it. connell: tomorrow morning, i assume. [inaudible conversations] >> ge has a dividend since the depression. hundreds of thousands of ex-employees of ge on the stock

because of a dividend and there's a yield on the dividend and so even if the stock is depressed you get something in for them to cut it will be a big story. the stock might go up because here is the irony here is that they're trying to avoid the downgrade and have a cash flow problem. connell: that's the whole point. by the way, the new ceo this is flannery's dividend cut. you can do it and not have to worry about it. connell: all this was in the company under the previous imagination. >> all the cash flow problem so we'll have to see. [inaudible conversations] >> i know they are studying it and they're leaning toward . connell: the plainness what do i know type of thing. [inaudible conversations] connell: your point is, you're talking about it and. [inaudible conversations] >> david weber, he tried to deny my story. he tried to shoot it down.

it was so obvious. connell: watcher mouth. neil is back tomorrow and doesn't tolerate nothing. >> is not what someone said in your ear? connell: don't that again. when you get back you work with you. thank you, charles. >> i apologize but i meant to call them jerks. connell: everything was going so well. and then it comes back to our boy, charlie. good to see you. amazon - you really are something else but mac amazon within two bear market and 20% of the highs and we talked about whether buying opportunity at amazon and we will see. stock is down by $73 today alone after the huge selloff on friday at 10% plus in two days. what is next? will be coming back in just a moment. new car?

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connell: we also got mexican government to work with us to better secure their southern border with central america. connell: are they doing at this time? >> prickly, i don't know they are. connell: mexico could do more?

>> mexico could do no more. a cooperative relationship with the government in mexico contribute to our own border security. connell: one of the interesting things that jay johnson told us last hour that mexico in the case of this migrant caravan could be doing more than it is. of talk about that but in the moment, things going on. what has been coming up at the top of the hour, stating for that. like berman said earlier first for sarah sanders since the first of october and she has questions on all kinds of issu issues. the migrant caravan, pittsburgh shooting and much more. begin a pittsburgh shooting, alleging a in that case said is scheduled to meet a court appearance in last 15-20 minutes and waiting for a news conference outside the courthouse there. balancing all these issues, former federal prosecutor doug burns joins us now. good to see you, doug. let's start on that date johnson comment.

that comment about mexico. people have been asking couldn't mexico put a stop to this and couldn't they step in and do more? what you make of this role? >> the problem is, as you heard experts say is that if you really seeking asylum you would do it at first border crossing following from central america into mexico. and not wait until the us which highlights that the goal is to get into the united states. mexico, in fairness, did offer some type of assignment which has been turned down largely. connell: some people applied and we saw a report from a correspondent sane people did apply for asylum but to your point many turned down. what happens when they do get to the border? legally because that's been a debate, jay johnson put up the white house considering the date of order that was set up if you cross the border illegally no asylum even considered in you to do it in a crossing border crossing or port of entry in order to be considered.

mac that starts getting tricky because it brings out the issue which is having failed, let's assume, to raise asylum at the first port can you raise it when you get to the united states? technically the answer is, yes, you can. connell: what you mean by that? >> in other words, people can apply for asylum - sorry to interrupt, but the point is in this unbelievably toxic environment let's put this in perspective. it is all about characterization. one political side is like these are wonderful people in our country should be tolerant and those are over generalizations the bag a legal question but other side says wait, were entitled to police our borders and this is essentially an invasion will try to come in illegally. the truth is a bit down the middle but probably a little bit more toward the it does have the legal authority to police our borders. connell: that said if someone - i talked to judge napolitano last week and if they set a foot

on the american soil they do have the right to apply for asylum. >> they do. they do but it starts getting completed. connell: that might be granted the last time this happened and 200 applied for asylum or more than that apply for asylum but 200 were granted a hearing as a last reading this was from earlier this year, the people had been granted the asylum. >> and other people have cynically pointed out that sometimes people are given a court date and then assimilate into the us and don't appear. to what extent can the president use the military? connell: troops being deployed - >> what is interesting there is people have been too glib to throw around the fact of 1878 that says you can't use the us military for civil law enforcement and this really isn't civil law and was. policing the border. in trying to protect people coming in. that is why the president is on firm ground legally in my view

to use the military. the counter argument is use the national guard to state governors and has been done in the past president bush and president obama but the point is . connell: a lot will be challenged in court. connell: quick question. pittsburgh, this guy in the shooting at the synagogue is this a layup, death penalty case in terms of federal authority? >> glad usf. i'm sick about it coming in here today. every role has an exception. we lawyers do like to prejudge a case but this is an exception. this case is overwhelming and this person has nowhere to go. particularly in this type of back pattern where everyone sees a space and so on and so forth. as far as a layup death penalty, hoops have to be jumped through and jeff sessions has to approve it and there are other things that have to be done. reality, today is an initial appearance. people start around the term

arraignment but it's not in agreement. he makes an initial appearance on the complaint and doesn't have to plead guilty or not guilty and then there are further proceedings. he's entitled to a preliminary hearing but if a grand jury indictment is to turn the go right to the hearings they will return the indictment quickly. connell: that the press, it's been set up outside the courthouse in pittsburgh. thank you. explaining all this, given analysis in a moment we'll talk about is open that's another big political story today. the anti- disestablishment candidate the one there and thought about populism and where it is growing or spreading to and what have you, you'll talk about that, next. be right back, is the day, cavuto "coast to coast".

connell: breaking news in pittsburgh. a court appearance on the alleged shooter in the synagogue at. >> under the law we must present this case to a federal grand jury within 30 days of today. our thoughts and prayers continue to be with the victims families with the community and rest assured we have a team of prosecutors working hard to restore the justice is done. thank you. >> [inaudible]

connell: we caught the very tail end of what was a quick announcement from the authorities in the dirt with this man, robert bowers, charged with the shooting at the synagogue in the pittsburgh area. we were talking about doug burns right before the last commercial break about the definitely been used by federal authority in this case. i'm sure we'll have more details on it as we continue. first of all, markets come back up and down and were now up 130 points there about the doubt jones industrial and story remains technology in the turnaround stocks like amazon giving up earlier gains so real question to see how we close out today and whether the gains we give up and turn around and company like amazon putting the stock in a bear market continues or maybe try to stabilize for little while and spent interesting last couple weeks. brazil. the selection is the winner of the presidential election in brazil and the name might not mean too much to you but the

story will. ashley webster is there with us in the studio to talk about, or to see you, ashley. what this means to have another populist victory in the sky really is someone that ran way out there. >> he's an antiestablishment candidate and now president in 155% of the vote. used social media to appeal to what is the largest country in south america and head for straight governments of the far left rulers in much like we were talking about this on the varney show earlier. go all the way back to brexit and to donald trump to pop his government in italy and now it is huge. argentina, paraguay and chile con to conservative leader. he wants to open up markets, reform the economy.

very conservative values. connell: social issues and he has been anti-gay, a number of other things in the past. >> he has. connell: what about economics? brazil is an important country? >> it's a huge market and it is an underperforming economy because of restrictions but now here is a guy who believes opening up markets, less government intervention, less regulation. encouraging foreign investment. these are the kinds of things we like to hear in this country and you know it is trumpesque, let's be honest. connell: on that issue, that is funny, that is the debate. where is the chicken, egg, where did it start. by whole thing, populist, with president trump's victory, i hear this word all the time, spreading. we have, there were stories came up, "brexit" that were there pretrump. stories come up been kind of

post-trump. maybe starting with people are upset with the current situation? >> we say it, throwaway line. anti-establishment. a lot people don't believe they're being represented by the government. they're being left behind. brazil's case it was such corrupt government. it was operation car wash. the core are -- the corruption t all the way to the top. forget about it. connell: this pie might be out there, i don't agree with lot of things he said but he is different. >> a lot of people are being heard. in brazil's case, west you have colombia, but then you have venezuela. we know the mess that country is n brazil to the south. colombia be to the west, interesting to see what happens with this wave of anti-establishment. >> what do you make of the

angela merkel news? she is not out. >> stepping down as leader of the party. sod to be chancellor until 2021. i think she could bail and get out of there. that will create a huge power vacuum. she blew it back in 2015 when she opened up the doors said, come on down, she has never gotten over it, gotten past it. connell: as soon after, her numbers went way down. >> way down. she continued to struggle to find a coalition post to rule. the writing is on the wall. i don't think she can be lame duck chancellor in powerful country like europe. i don't see her doing it. connell: next week seems like a long time. the way the world is working right now. that seems like -- >> another blow for europe. what are the italians going to do now? they don't have the merkel administration breathing down their nexteling them what to do.

connell: italy is another big issue briefing the down the markets. we'll see sarah sanders we think quickly right at top. hour with the first white house briefing from the press secretary quite some time. see you on this afternoon with melissa on "after the bell." next we have charles payne. charles: good afternoon. i'm charles payne and this is "making money." names like amazon and boeing are getting hit this session. steep selloffs have investors on pins and needles. what can turn the tide? >> the pittsburgh shooter makes his first court appearance. the shooter facing 29 federal counts could face the death penalty. the white house press briefing will start any minute. we'll bring it to you live. all that and more on

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