electric cars, safe and adequate housing so on. >> eventual goal eliminating carbon emissions in 10 years from the u.s. stuart: okay. reuters is reporting that mr. trump has asked john bolton to resign. it is all happening. neil, it is yours. neil: you're right. a little bit of a big news out of the blue. it was telegraphed, given fact a lot of insiders have been saying that stuart, john bolton was getting sidelined by no less than the president of the united states. we're getting reports that national security advisor john bolton is going to be leaving his position, leaving the white house. when we get more details we'll keep you posted. what is happening on the corner of wall and broad, the dow stood close to breaking what had been a four-day winning streak, well off our earlier lows, on talk, that is all there is, talk that the chinese are trying to sweeten the pot a little bit offering to buy more american agricultural goods.

we should posit in the past they made similar promises much like my diet overtures they don't pan out. maybe this will. we'll keep an eye on that. democratic pollster doug schoen with us and nicole nikpour and charles payne. we're setting stage for talks later on that they're going to try to commit to buying more agricultural items. they committed to that before. >> they have, they have, but if you think in the last week or so there have been these tiny olive branches. hong kong, forget about the extradition thing. they acknowledge they will meet in october. that is one of the things that helped, this morning overnight, they have safe, they removed quotas that limited foreign funds going into that country and of course we have all the economic data that has been coming out of from their ppi number, the lowest in three

years. trade numbers down significantly. even on baidu, their version of google, searches for travel dropped 12%. many tie that migrant workers who work in factories are not going back to work. a sign that future economic data could be a lot worse than is right now. neil: as you speak, don't mean to interrupt you, we're learning that john bolton didn't leave the white house. he was essentially fired. a tweet from the president, i informed john bolton last night his services are no longer needed at white house. i disagreed strongly with his suggests as did others in the administration, therefore i asked john for his resignation which he has given me this morning. i thank john for his service. i will name a new national security advisor next week. what do you think? >> on the deal with taliban with afghanistan, john bolton was an

adamant opponent, bringing the taliban, afghan government to camp david to continue negotiating. he was against the deal with the taliban entirely, so if you go against the president's policies, he also had been an advocate in the path of direct strike and regime change in iran. neil: the president did end up because of this attack that killed the u.s. serviceman shelving the talks. >> but he didn't change his policy. he wants to remove troops. john bolton is much more limited drawdown of troops. this makes sense from a policy point of view. if the national security advisor and the president are going in different directions, neil, one of them has to go. the president only goes after an election. >> but i do think i think that the american people are immune to the revolving door in the white house. >> i agree with that. >> i will say that normally this would be an unbelievable big breaking news flash but because

we have some people either getting fired or choosing to leave, it has been a non-stop revolving door. so that one advantage to the white house is that we're pretty much immune to the breaking news signal of somebody leaving the white house. neil: he was sort of on the outs prior, right? >> yes. neil: blake burman at the white house, do you have more on this, blake? reporter: here is so unusual about this one, neil, i know your guest said we're numb to these things around here because this happens in this administration at fairly normal pace at this point i guess you could say, john bolton was scheduled to be inside the brady briefing room in about an hour 1/2 time along with the treasury secretary steve mnuchin. the secretary of state mike pompeo. the white house put out that updated bulletin about 30, 40 minutes ago. yet we learned from the president that last night he had

asked for john bolton's resignation. that it was delivered to the president this morning. john bolton, if he has not left the while house already, is in the the process of doing so. so clearly, neil, there was some sort of, someone didn't get the message because the white house had told us about half an hour ago, 45 minutes ago, that john bolton would be inside of this building briefing the media alongside steve mnuchin and, the treasury secretary and secretary of state mike pompeo. one other thing, neil, the president often says how he likes different voices in the room. i just jumped in, maybe you covered this, apology if you did, john bolton was clearly a different voice in the room. often times the president holds it up as a good thing. in this case he holds it up as something necessarily wasn't warranted and needed change. neil: yeah normally, blake, to your poor, someone submits the

resignation, that is the end. you hear later on the theater what is going on behind the scenes n this case the president himself saying as you reported that i informed john bolton that his services are no longer needed at the white house. just to make the point emphatically clear it was coming from him. so -- reporter: right. person who, for the person who is known as saying you're fired, that is another way of saying you're fired. neil: yeah. but apparently not to the degree that this was even passed along to authorities to be at this planned event later on today, right? reporter: yeah, let me go through my phone if i have a second here but you know the white house put out this briefing, gosh, what time was it? at any event, within the last hour or so and, yeah, at around what time, ralph? at around 10:50 or so about an hour ago. now we're learning very clearly that john bolton will not be at that briefing.

at least we don't anticipate. neil: got it. would that be something no one got the word to john bolton. shows up, look at that. thank you, my friend, noelle turnover at the white house is particularly pronounced. jim mattis got into that with me, presidents are free to pick and choose who he wants around them. this one goes through more than most, but what are we to glean from that? >> what you're to take from that, this is how trump is doing business. this is not, i don't think it is very normal that, you know, past presidents have had this much of a turnover in this many positions. also there are some positions from what i have heard are still not being filled. so he has got, you know some open spots still and then in some of the key positions, think about how many positions white house communications,

press secretaries, defense, think about how many times that has turned over. neil: i would flip it around. i would look at it to say when you have an absentee landlord in apartments, economy doing very , life is going on. you don't want to minimize the significance after national security advisor stepping down on the heels of so many other key players in and outside the cabinet doing the same but if it is hurting us economically or hurting us on the global sphere, maybe perception becomes reality, but hasn't shown it. >> it hasn't shown it, i'm not sure why anybody surprised by the same person who had three campaign managers during the election. he had a show to blake's point, the tag line was, your fired. neil: but he rarely done it himself, right? >> at the point it doesn't happen without him. i think the most important thing -- neil: i remember rex tillerson, he found out about later on.

>> yeah. neil: jim mattis found out this week the president thinks it is a good idea. >> there are channels sometimes but ultimately he is making the decision. a lot of people said we want a business person, someone, if you're for instance, a publicly-traded company you have a report card every three months. neil: you're right. >> you have to make decisions really quickly. if something is not working you have to act very quickly this is something president trump brings to the job no other president has in part because he has a completely different background. we know he has a different temperment. neil: you -- [inaudible]. >> there is one other thing here which i think is worth saying. when you're trying to make foreign policy on a global basis, not only afghanistan as i said but iran, iraq, the middle east peace process, north korea, and you have a national security advisor as respected and high-profile as john bolton, who is being reported to publicly disagree on

many of those policy decisions, the president is making it becomes untenable. you just can't say. >> can i say one thing though? >> please. >> these players around the world did not like john bolton. the fact of the matter almost anyone critical of trump's foreign policy they zeroed in on the warmonger himself, john bolton. neil: no matter what the president does on this front he can't win. the press are not fans of john bolton. not fans of his inyour face military-style. this will be greeted what you had touched on instability at the white house but it would be instability i think a lot lot of zealots might scratch their head, this isn't good but when in fact if it is going the jim mattis way where he is going to be not rush to judgment on keeping troops in syria or not getting rid of them right away, this could be part of a process that would be deemed favorable? >> neil, you can look at it two

ways, if you don't like trump, you can look at the revolving door in the white house. he doesn't have a grip. he doesn't know what he is doing. or you can look at it like charles does, wow, if something doesn't work he is quick, he doesn't let it sit there and stew. he gets rid of it goes on to the next one. it depend if you're a fan of trump -- neil: this is couple years. >> we'll probably find out, i'm sure john bolton -- >> i think that is president trump's modus operandi as a private citizen and as a president. neil: i guess what i was trying to get at, i don't know if you agree with this, doug, a lot of criticism his shoot from the hip policies in the middle east, it cut both ways and bolton sort of embodied that. along he comes to say, all right, maybe i'm going to analyze this a little bit more. the syrian pullout that he shelved when it was raised tomorrow, this will be potentially unsettling to the entire middle east. so he shelved it.

maybe this is in a step in the direction that people who are in the military might welcome? >> i think they would. certainly those who are more judicious, less willing to use force will. also going into a re-election mode, to have a national security advisor out of sync with the president where both what charles said is correct, our allies don't like him, but also, it sends mixed messages. neil: this could be a badge of honor to this president. >> it may well have been. that was then, this is now. the president wants peace and prosperity in an election year, not conflict around the world. >> back when we were negotiating with china i think a lot of people, he did that as a message to china they should be fearing bolton. neil: what do you mean by that? >> when we were talking about the trade negotiations and sticking things to china -- neil: i see what you're saying. >> that was very strategic move back then. neil: john bolton written back, tweeted back, anyway he said i

offered to row sign last night and president trump said let's talk about it tomorrow. the president said this was decided last night. he is more or less going out saying i offered to row sign. we'll talk about it tomorrow. we're not quite sure the skinny here. what we can saybolt ton is out anyway. don't let the screen door hit you on the way out. we'll have more after this. of its for my future. annuities can provide protected income for life. learn more at retire your risk dot org.

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make it simple. make it ship sticks. neil: all right. just to update you, there is back and forth between the white house and john bolton, ongoing national security advisor, says he offered to resign last night. the president told him let's talk about it tomorrow. the president making clear in his own tweet he wanted to get rid of him and did so last night. different interpretations, bottom line, the national security advisor is gone. back to capitol hill what is going on there, not going on there when it comes to the trade agreement signed off on by the leaders of mexico, the united states and canada what, 10 months ago, congress has to approve this one way or the

other and that is looking dicey. ed lawrence in washington. hey, edward. reporter: looking dicey in the house. the congress is back, the administration wants them to take up the usmca ratification, one of the top priorities. just every opportunity administration officials are coming in talking about how they would like to see the usmca come up for a vote, saying there are enough votes in the house for democrats to pass it if the house speaker brings it up. house speaker nancy pelosi appointed this group of people to talk with u.s. trade representative robert lighthizer. these folks, these are working group to try and work out labor issues that the democrats might have. also environmental protections. mexico ratified usmca already. canada wants to also, but waiting until it is brought up in the u.s. house of representatives. last week can madian prime minister justin trudeau called house speaker nancy pelosi to let her know he thinks this is a good agreement. he face as tough re-election bid

in october 21st in canada, needs a win this month going into that vote. today, senator chuck grassley released a video statement stressing the importance of passing usmca. grassley a senator from iowa, keenly aware how usmca would help his state. he says more than $10 billion worth of goods goes back and forth, exported to our neighbors and supports some 86,000 jobs in the united states. estimates show that would grow under the new usmca. getting it through the senate is not going to be the issue here. how to bring it up in the house for a vote. fox news learned democrats made an offer to u.s. trade representative robert lighthizer on number of points. they have not heard back from him, to see if they could tweak the deal going forward. no votes scheduled yet. the administration and republican was like to see that come up this month. back to you. neil: edward, thank you very much, my friend. looking at markets down 18

point. it is in a tight trading range t had been down more than 100 earlier. reports that the chinese are sweetening the pot or offering to, buying more american agricultural goods. they promised that before. let's get the take from janney chief investment strategist. what do you think? >> neil, we've seen this repeatedly, whereby any hint the path to resolving the sino american trade negotiations is enough to tease the market higher and we've had this happen occasion after occasion yet we really doesn't have anything tangible to show as a result. i would be careful getting out over my skis that this will ultimately lead to a resolution that will come swiftly given the huge structural issues that are much difficult to solve for than just buying more agricultural goods. neil: what you do think happens though? there is a political, cynical

view here, they want to push this off for a trade deal as close to the election as possible. even if it means it is not a great deal, what do you think of that, that that is how it ends up? >> there is high probability of that. we know there is not likely anything to be done that will aggravate the circumstance between now and october 1st. that is when the chinese are going to be celebrating the 70th anniversary of the people's republic of china. i'm sure president xi wants a good face on that if you will. beyond that, how long they string this out, in order to allow them to stimulate their own economy. i'm speaking of china of course. such that their economy improves or hardens they have more leverage against the trump administration relative to the so-called pain being inflicted on china by imposition of tariffs on their imports, mark, always learn a lot. thank you for your calm

perspective. thank you very much, mark luschini, janney chief investment strategist out of pittsburgh. >> you're welcome. neil: other corporate news we're following apple, one of those big events is starting 40 minutes or so. you know the drill. they will announce new iphones or new watches or the rest but irony, dependency on the iphone the company hopes to break going forward, not to rely on it any less, but as a percentage of what they get to sort of spread the wealth around. we'll see what happens. tech analyst russ what do we know about the phones being offered at this point? with dough know much about it? >> we know what it expect from the announcement specifically on the hardware. we know there will be three phones. they will be similar to last year's phone. you will get the big iphone 11 as it were, mid-sized one and less expensive, i guess 11 hr

what they call it. the big one, the fancy thing they will have three cameras in the back, including a wide angle, all fancy stuff. that is where they're setting themselves apart but it is not like the huge massive change the iphone x was when it came out. neil: i'm kind of a tech fair and balanced geek. i have a galaxy. i also have an apple and i find that in the galaxy i get much better camera. >> sure. neil: what i get in the apple is more ubiquitous product that my friends and family all subscribe to. if you want to share pictures, i'm out with my ghoul lax -- galaxy. that is kind of a trapped audience. i'm wondering if that longer term is a problem for apple? >> i think apple is trying to address it not only with the phones themselves but adding better cameras, stuff like that but also the idea, hey, we'll have these services where you will pay 10 bucks a month for

apple tv plus or apple arcade. these services that will develop other revenue streams they don't currently have so they're not as reliant on iphone sales. neil: let's talk about what happens next year. this year might be just an off year. forget about the expense, whether people think the product is changed enough that it warrants slapping down up to 1000 or more bucks to get it with when next year might be more the case, assuming that time 5g is more ingrained into our technology culture, that you can take advantage of that, what do you think? >> next year we'll see a dramatic jump we talked about earlier. 5g is likely next year. you have rumors up there, folding iphones, sufficient like that. which is possible. but i think the big thing is going to be five ge. 5g is absolutely a game-changer. it is just a question how it will roll out in the u.s. t

could be a few years before cell towers reach everywhere with 5g signals but the hardware will be ready when it does. neil: russ, thank you. we'll see what they offer. meantime appreciate your expertise. for those just tuning in knowing the latest drama the at white house, john bolton, national security advisor jumped or was pushed, he said he jumped, he offered to resign. white house indicates from a source that the president wasn't pushing. the problem they didn't check out the tweets from the president a few minutes ago. i informed john bolton last night that his services were no longer needed. i disagreed strongly with some of his suggestions as many others in the administration, therefore he was terminated. john bolton has different take. al dunlap, and his firing removal of sunbeam comes to mind. he had one version of his dismissal. the company had quite a different version. it happens now and then but when

these things don't go to script or both sides agree and compare notes and have an official statement together, well that i can tell you from examples in corporate america shareholders are not the only ones wondering what's up. more after this. i get it all the time.

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and sell side. google is dom plant in the exchange of advertising between buyers and sellers. they dominate all sides of the transaction. neil: texas attorney general ken paxton says that has to end, part of the antitrust probe he is leading. virtually every attorney general in this country, and states, save a couple are part of this, including this next attorney general arizona's. who also signed on to this. mr. attorney general, thank you for coming. at your core, if it is what you say, google has really, kind of usurped itself into so many areas and leveraged itself to the degree it is just too big for its britches, what do you do? >> well, i think this is the first step. this is an investigation. we need to see exactly what is going on what is happening with google, how they're manipulating the ad markets. how they're manipulating we see, maybe nudging us in certain

directions. neil i've been on here before, and i talked about the fact one of my concerns is this collection of information. all this information that is being collected on us, violating maybe our basic privacy rights. it is being bought, stored, collected, sold, traded, vet often without our permission. as consumers we need to know what is being done and how we may or may not be manipulated this goes from consumer purchases up to elections. neil: i get a sense, depending on the state ag, they have different point they're looking at. the push to brakier -- break up google, led by many democrats, saying it has 80% of the search market. when it comes to digital advertising more than half of that. it squelches competition the way it can lever advantages it has with youtube and the like this. is about saying we've got to break you up.

are you in the camp that says break it up or make sure you're addressing the privacy concerns that we don't think you are? because there seems to be two separate issues. >> i don't think they're exclusive, neil. part of it anytime you get somebody that dominates, actually 90% of searches worldwide you have a person or a company that basically has no competition. we all believe in the free enterprise system. we believe in capitalism but if you don't have competition you can't have markets and that essentially is what google has done. they have stifled competition. they bought out companies that may pose competition in the future. they have, they control the ad market. neil: right. >> there are many avenues here but what we need to first do is determine what is going on. so you have this company worth billions of dollars that has information on tens of millions of americans, often without their consent, often without their knowledge, we need to get to the bottom what is going on and what they're doing with the information. i think at the end of the day there are all sorts of options

as consumers, what kind of consent? do we need to opt in? is there monetary value in the information they're collecting, buying, storing, trading? neil: is there other big names, we talk about facebook and amazon, a host of other this is is the opening shot and the opening salvo that others will be scrutinized just the same? in other words is this like the war on big tobacco? >> i will tell you this is that, bob dylan famously saying you don't need a weatherman to know which way the wind blows, neil. anytime you get a company that becomes so dominant in the marketplace that can affect not only advertising and marketing but affect what you believe and literally have the ability based on algorithms to make-or-break an internet company, at some point as justice brandise describes, companies end up too big, end up becoming a threat to our fundamental way of life including our core democratic principles. neil: mr. attorney general, thank you very, very much.

we'll watch very, very closely. meantime we're keeping you abreast what is happening in washington. another big name has left the white house right now. john bolton is out as national secure advisor. reporters catching up with senator rand paul near the senate floor today. his reaction to this. the chances after war worldwide go greatly down. senator rand paul will join me 4:00 p.m. eastern time on "your world" on fox news channel, to discuss much more on this firing, quitting whatever happened, after this. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level.

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neil: a lot of media may be pouncing with changes going on at the white house but things could be a lot worse. you could be boris johnson with his own constitutional disarray if you call it that as they call it in england, leadership with one disaster after another. kristina partsinevelos with latest on that front. reporter: i like what you said, things could be a lot worse.

that is what a lot of thought leaders, economist, bankers, analysts, what if a recession happens? what if the global economy continues to slow down. what if things don't work out? that is what the governor of the bank of england, mark carney was asked, more specifically how does he think central banks could respond to recession? listen in. >> the fed has monetary policy room to address all of that. if that were to happen, not the most likely scenario, but if that were to happen. the bank of england with various tools is close but not all the way there. and the ecb is farther away. reporter: he was pressed specifically on brexit, since parliament is suspended to october 14th. there is no path to "brexit." listen to his optimism. >> the court in the financial system in the uk is ready for brexit whatever form it takes. reporter: despite his optimism

there, we know the pound has been taking a hammering especially over the last few month or so. so i was able to ask governor carney himself on the current level of the pound and what he thinks will happen to the uk economy post brexit. he joked and responded if i wanted it in uk-canadian relationship? obviously i said no. he went on to say it goes up and down, dodging the question, he admitted that the uk pound is at levels we're seeing at emerging market currencies and did warn markets could lose substantially depending what happens to brexit on october 31st. so again full circle, what if, neil. neil: what if. great job, kristina, thank you very much. kristina partsinevelos. a white house official telling fox news, simply put, many of bolton, referring to john bolton, national security advisor who is leaving, many of bolton's policy properties did not align with potus, president of the united states. he is out. he is gone. how this all happened is probably beside the point.

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neil: all right. was he asked to go, was he pushed, did he jump? probably doesn't matter in the scheme of things, just that john bolton, national security advisor is gone. to retired colonel david hunt on significance of that. he joins us on the phone. colonel, this guy had spartan, militaristic, in your face approach, particularly dealing with issues in the middle east and it was war he parted company with the white house on afghanistan and talking with the taliban, that might have been the last straw, we don't know but what do you think of his departure and signal it sends? >> i'm looking at three national security advisors, jim jones

under obama, i knew mcs masters under president trump and i knew bolton. it is critical position. coordinates national policy for the executive branch. mcmaster and jones were brilliant, they couldn't get along with their bosses. bolt has his own form of brilliance. the problem is, i'm not sure that bolton or mcmasters could ever get a sense the direction where their boss wanted to go. they had -- [inaudible], all of them come together to figure out a recommendations to the president and that function seemed to fall apart alot, whether it is tweeting or whatever. i think the issue is, who are you going to have now? -- was both secretary of state and national security advisor. maybe that is what pompeo will get to do. we have some history for that.

the two guys that argue the most are national security advisor and secretary of state and the point is though, that these are good men. you don't like bolton's political point of view, and -- [inaudible]. jim jones was a four-star hero guy. these are all people, you have got to get along with the boss, when -- third guy we've had in three years, and that is a position that really has to be solidified, afghanistan, syria, venezuela, all issues that are going on need to be coordinated for the government, and as of now they're not going to be. neil: colonel, jim mattis said the other day talking about his book, he offered to resign when he disagreed with the president's policy drawing down all our troops in syria. the president since shaved that a little bit, he is keeping some troops there. i'm just wondering given the hawkish stance we've seen out of someone like john bolton, some

could read into this, maybe he is moderating a bit or the president's approach might change now, what do you think of that? >> it seems to me what is driving the decisions, let's say if it's afghanistan we they're playing with now for about eight months on negotiations, 18 years fighting is, has more to do with the decisions than what we want to do. i mean clearly it didn't work. we have to bring our guys out. we have to talk to our nato allies how we're doing that. we have to have forces nearby to kill terrorists in afghanistan. the issue of -- taliban without the afghan government which is a failed government clearly, is just, a bad look. look -- afghanistan is partly responsible for 9/11. they housed and took care of al qaeda. the problem is, who can add the

brain power and experience that the guys i have mentioned have and understand the need of the president and what he needs to be presented with and how and so far we have, i think -- aberration. he was going out the door for other issues, whether he could do a job as national security advisor. mcmasters and bolton, we knew exactly what kind of guy they would be, and it didn't work. not to blame the president t has to be figured out. it is too important of a position. in my opinion the most important cabinet position there is besides chief of staff. neil: wow. colonel, thank you very, very much. to the colonel's point, when you serve a president, you serve at his pleasure and the president opted when it came to john bolton -- >> my pleasure, thank you. neil: he did not want him around. meantime other doing on capitol hill, treasury

secretary, other top administration officials on capitol hill, talking about overhauling the financial system of freddy and fannie situation. both stocks got hit hard and they did little to reassure folks. hillary vaughn on capitol hill with the latest. hillary, what happened? reporter: treasury secretary steve mnuchin, hud secretary ben carson, fhfa director mark calabria, even under government control, even under taxpayer paid bailout they are not able to stand on their own. they have to use the treasury as a capital backstop. mnuchin said 6 or $7 billion, they would need to raise $100 billion through private entities or possible ipo in order to essentially be successful on their own. >> what is the capitalization today compared to where we were before the crisis of 2007-8?

>> it is minuscule today? >> we're in worse shape going into any major economic downturn -- >> the gses could not operate today if it were not for the treasury lines. reporter: they're still working finding ways to make housing more affordable even though calabria, no american that can't afford a home has the right to own a home, utilize taxpayer subsidies to get a home. senator kennedy asked if they have done anything to reform underwriting standards to avoid a crisis occurring again. calabria said they haven't. they have gotten worse. >> we're the ones holding the bag after everyone else in the process made money, walked away, taxpayer is holding the bag. >> have underwriting standards gotten more realistic? >> they have gotten worse, not better. >> this whole thing is a car

wreck. it's a dumpster fire. we spent $190 billion of taxpayer money and we're in worse shape. reporter: mnuchin says they really want to work on two tracks, neil. they want to push some reforms through the administration. ideally they would get something through congress in a bipartisan way. neil? how likely that will be is anyone's guess. thank you very much. great reporting. hillary vaughn keeping track of that. double-digit losses for both issues today, the fact fixing this is not coming anytime soon. fellow way ahead of us joins us charlie gasparino. what happens now? >> they probably should do nothing. listen, we need to have, i hate to say this, a debate about housing policy. if you really believe that the 30 year mortgage is sacrosanct for the american dream, that everybody should own a house and they should get through a 30-year mortgage, then to relief

fannie and freddie as they're proposing is absurd. you're releasing them as public companies with implicit government backstop, okay? they can't exist on their own. they have to be backed up. the treasury, federal government has to insure their debt. no one is going to take a risk on a 30-year mortgage. 30 year mortgage, there is reason why banks don't like doing 30 year mortgages, a lot happens in 30 years. neil: these organizations, quasi-government, private ownership they were that backstop. the feeling is you lose -- >> they bought the loans off the books of the banks, keep making them do 30-year mortgages. only reason they did that, they can borrow cheaply as a government entity. to make them private entities it is oxymoron. neil: what happens if they ceased existing? >> if they ceased existing 30 year mortgage business, there would not be many 30 year mortgages made, particularly not to average people because- neil: there was a time before

these guys came along, and people did fine. >> guess why? that was before them and before housing prices went through the roof. one of the things fannie and freddie did, because they bought mortgages off books of the banks, it incentivized banks to make more loans, as they made more loans, housing prices went up. in the old days my father bought a 16,000-dollar crappy house putting 20, 30% down in 1970. you don't do that anymore. housing prices are gone through the roof. it is hard to put down $30,000 or 30%. neil: they're keep agrisky gamble all the more so. >> yes. what they should do is this, they shouldn't be half pregnant. they shouldn't be public companies. damn the shareholders. there are shareholders recap, release. just release them. these companies didn't start the financial crisis. that is baloney. these companies can operate on their own. that is baloney. these companies can't operate on

their own. calabria and others know that they are pushing congress for explicit guarranty, that feds will back up the debt, they can be on their own if the feds back them up. neil: how are they absolved with any punishment after the meltdown? >> they paid back the kennedy. what he is wrong about they paid back the treasury plus more. they did pay back -- neil: 190 billion-dollar figure? >> that is true. they needed 190 billion to get out. they paid back 300 billion. one of the reasons they were able to pay it back -- neil: that is argument for helping them out? >> yes. they payed it back. neil: where do you think it ends? >> nothing until the election is over. i think the trump administration would have to be crazy to do something radical like sort of privatize them without an explicit guarranty. remember what i'm saying here, if you want more affordable loans, 30 year loans in a, in an election year, you can't make

fannie and freddie's borrowing costs too high. so you start screwing with that, you know, borrowing costs go up for average americans. elizabeth warren pounds the table or bernie sanders or joe biden. that is a bad election issue. it is not a good look. i think that is the problem. why all the hemming and hawing by these guys. the stock was up tremendously yesterday on a decent court ruling. it is down today again. these are heavily-traded stocks. they're heavily trolled penny stocks. i would be real careful dipping your toe into this thing. neil: irony, we talk about how it could hurt the mortgage market, real estate market at a time when interest in homeownership is at an all-time low. in other words, young people, for example, your millenial friends they're not at all interested like they used to be no there are a lot of reasons for that. they don't make a lot of money coming out of college. they're saddled with debt. one thing i didn't have to do, i went to cheap schools.

i didn't come out of college facing hundreds of thousands of dollars in debt. these kids do. that prevents them from this. fannie, freddy would make their ability to get a loan easier, because they, because they don't have the where with all. they can go to a bank. neil: we went overboard ahead of the meltdown. we saw owning a home, was a goal to know, it's a birthright. >> fannie and freddie led us into the mortgage meltdown. how did they do that? they were incentivized pushed, they are regulated by government, by hud. neil: community rye investment act. >> was more than that andrew cuomo as hud secretary pushing fannie and freddie to dive buying up subprime loans. think about that. neil: can i switch gears with you, thoughts on the john bolton thing? two different interpretations. we'll sort out that drama later. but are you hearing that this upheaval at the white house is short-lived thing, just continuation? many can look at this, say well,

we didn't like, spartan, in your face foreign policy approach of a john bolton and this might show a more measured president going forward? >> i never was quite sure why trump picked him. if you know john he is much more of an interventionist. he is not about reducing footprint globally. he is not a nationalist like donald trump. it never struck me, he is very smart guy, intellect part but he never struck mow as someone in tune with the president. i think one of the negatives about this, it feeds the i guess the notion this is a white house totally in disarray. that he can't hold on to people. everybody is at each other's throats. particularly one area. that is not good for the markets. neil: they have to be on the same page. >> yes. neil: i already written my own resignation letter so the company would agree neil was one of the greatest people we ever had. you got to get on the same page,

right? >> if you're not on the same page with your boss, which is why i'm leaving. only kidding. neil: there is the door. thank you, my friend. that is a very good read. >> you have to be on the same page. neil: meantime the apple event is just now a few minutes away from starting. we're told apple is going to announce some new products, iphone, you heard. a lot of people pay a lot more attention to this than you think. it is not every day that a company that represents itself as a barometer on the u.s. economy and appetite for very pricey technology and gadgets, openly people like gasparino can afford. we'll have more after this.

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or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain and decreased appetite, which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity. neil: john bolton, out. the big apple announcement on and we are covering both. this is the second hour of "coast to coast." i'm neil cavuto. first to susan li at the apple event, promised offering of new

goodies and tech gadgets, whether the world has the appetite for it right now is anyone's guess. what can you tell us? susan: well, right now, we anticipate tim cook and the apple event to kick off at any time now. this inside the steve jobs theater right behind me in this apple park in the $5 billion mothership also in view as well. what's expected is we are looking for three new iphones. everybody anticipates this. will it be called the pro? i guess we will see and hear from tim cook in just a bit. what about pricing? people are expected to stay relatively similar to what we have now, close to that four-figure sum, just around $1,000. what about other gadgets as well? we are expecting wearables since pretty much the last two years we saw a new apple watch, that's anticipated again this year. also, waterproof air pods. you need them, trust me, because i have these airpods and i love them to be waterproof. maybe a bigger screen mac book and ipad offering. but also, we are hoping for some

clarity at least when it comes to the streaming service since they announced back in march there would be a launch sometime before the end of this year. we don't know how much it will cost per month. some say $10. we know disney is right around that similar price level as well. they have given us more detail of when exactly we will get the streaming service to be launched. we want an exact date here. but look, it's a different world for apple given that they are dealing with slowing iphone sales. they need a different type of leadership. will it come from wearables which were up some 50% in sales in the past quarter. will it come from services which we know they wanted double the revenue from over the next five years. already very close to that goal. we will be hearing from that. our producers have spotted jonny ives, who quit this year. this is the first apple device watch without him. this will be very interesting how we go from here. back to you. neil: he was behind the whole elegant look of all those products. susan, thank you very, very much. susan li at the big apple event.

we will update you on what we hear. meantime, you have heard that john bolton is leaving. i tell you for a business network, this fits very nicely with what we talk about. you heard of corporate boardroom intrigue. remember, everyone has to be on the same page when a key player goes. no less than steve jobs discovered that the hard way when the board turned on him, remember the 1990s, flung him out only to come back and greet him as a savior which in retrospect, he was. but again, when you're not on the same page and you are getting one spin on someone's departure versus someone else's, it can get ugly. it was ugly then. i remember covering it day by day in the case of apple. it never goes well. they are the exception, hardly the rule in corporate america, but increasingly, in political realm, particularly at this white house, they are more common than not. not that that's necessarily a bad thing. just a familiar thing. blake burman at the white house now on the timeline of all this. blake? reporter: messy breakup indeed in this case.

the timeline here shows that this thing moved very quickly. definitely within the last 18 hours or so but especially earlier this morning. let me walk you through it. at 10:55 this morning the white house put out a release saying that john bolton, steve mnuchin, treasury secretary, mike pompeo, secretary of state, would be in the briefing room to brief reporters. that was at 10:55. fast forward 28 minutes later, john bolton sent out the following tweet in his capacity as the national security adviser, which i am told will tee -- wants to tee up this 1:30 briefing. as we reflect on the horrific 9/11 attack it's important to remember how far we've come in combatting radical islamist terrorist groups but also how much work is left. we stand strong against regimes that sponsor terror and encourage violence against the u.s. and our allies. that was at 11:23. fast forward then 35 minutes, that's when we suddenly got this tweet from president trump in which he said that he told bolton last night that his

services were no longer needed, that they disagreed on suggestions, that he asked bolton for his resignation which was given this morning. he then went on to thank john bolton and said the new national security adviser is coming next week. 12 minutes after that, bolton said essentially not so. he took to twitter and said i offered to resign last night and president trump said let's talk about it tomorrow. some new information coming in just moments ago. this is from fox news. according to a source familiar with john bolton's thinking, this is what this source says, that the president asked for bolton's resignation is flatly untrue. this source says the two, bolton and the president, had a heated conversation last night on afghanistan, that bolton came to the white house this morning, chaired a meeting on refugees and at 11:30 this morning, that's when all of this occurred, that bolton was on his way out. you can see that in the timing of the 11:23 tweet from bolton,

teeing up the 1:30 briefing, the 11:58 tweet from the president. that source also notes that at some point, this was inevitable. you noted, we saw the president note how these two had differing philosophies, this one source familiar with john bolton's thinking says this was inevitable and that the philosophy was to prepare national security advice based on a coherent philosophy and that there was no way to do it in this administration. you bring up the analogy of steve jobs. right now, as we stand here at the white house, a very messy breakup indeed and keep in mind, neil, that the u.n. general assembly is two weeks from just about now. the president scheduled to go to new york for that. without a national security adviser by his side. we believe that this 1:30 briefing is still on and i can tell you, i will leave you with this, that many were unaware when the president sent that

tweet at a high level that this was occurring. neil? neil: as was john bolton, apparently. i love that timeline. nothing good about the timeline, just it gives you an idea of the confusion that existed here. blake burman at the white house. former deputy national security adviser to dick cheney on the implication of all this. very good to have you. you know, we have these dual roles of national security adviser and working alongside the secretary of state. do we need both? henry kissinger, think about it, started out as national security adviser, ascended to that role as secretary of state but by and large, we've had the two for a good while. do you need the two? you think the president replaces him at all? >> i do think the president will replace him in part because the president said in his second tweet that he's basically got someone in mind to announce next week. so we have the urgent timeline

and i'm the last person to get in the way of breaking news and try to say what the logic is behind all of it. neil: you and me both, my friend. >> but the president seems to have been thinking about this longer than a hot second. so he may have someone in mind that he's very comfortable with, and maybe there have been things of it happening over recent months, if not longer, where this thought has crossed his mind. there's just a trigger event where it's a go. but the role of the national security adviser obviously is something that the united states of america lived without for most of its history, for a lot of the last century there have been very important historic national security advisers. it's really up to the president to decide how he intends to manage the executive branch. it's very tough threshold decision for the president to decide is he going to lead a cabinet-led government where his cabinet essentially are his action agents in the world like pompeo engaging in negotiations on his behalf, or is it going to be more of a white house-led internal staff operation, which was the kissinger model of

conducting secret negotiations with china and others, for those administrations. so we have had this tension. it's up to the president to decide who he wants around him and someone like john bolton who served multiple presidents knows better than anyone else, we all serve at the pleasure of the president and apparently it will remain to be seen his time may be up. neil: it's always interesting, you put that in perspective brilliantly, i might add, that much like corporate america, sort of my wheelbarrow, i have seen time and time again where they are pitted against each other, what can you do in your region to impress me enough to get the top job or be groomed to the top job, in this case foreign policy leader at the white house, generally by deferment to the secretary of state although not all the time. i'm wondering if that is playing out here, that the president is sort of recalibrating, he favors

maybe a more pragmatic foreign policy approach and not the in-your-face threaten war with everybody rant that has applied to john bolton. i don't always think fairly, but that was the impression. what do you think? >> full disclosure, john bolton has been a personal friend from our time together in the think tank. we were colleagues together in the bush administration. we have even shared some air time on this network. at the same time, i think it's very very clear that it is fair to say that john had a long record of analysis and commentary, very well-defined thought pattern on a number of different issues. i think for some of the president's ardent supporters, they wondered how that meshed with where the president wanted to go. i saw him as someone with a lot of experience in government, very lawyerly, measured in terms of what his internal decision-making processes are, help but the president kind of can see the time and season. they are going into re-elect mode and maybe part of the themes will be back to themes that are less consistent with the stuff john has been known for. it's really up to the president

to decide what he wants to be, the chief branding officer for his foreign policy. neil: would that mean a different, more tempered foreign policy by definition? >> well, i think a lot of this is in messaging and also just in personal comfort. so the president has shown a preference for people who have military backgrounds rather than academic backgrounds. given the time we were talking about maybe announcing someone next week, maybe it's someone who is already in government. it's just a matter of shuffling roles and missions from one part of government to another. i strongly suspect that's what's in the works. we are going to have no doubt a lot of speculation and maybe even some spicy tweets from it sounds like two accounts going forward. neil: you might want to check your phone, for all i know. great having you, my friend. i appreciate it. >> thank you. neil: all right. concurrently we are watching the markets, watching technology stocks. they're not having a good day. the fact you have this attorney general pile-on on google and

it's affected pretty much the entire sector. but apple by and large has sort of weathered this just fine in the big scheme of things. we are going to be following that, also get the latest, the apple unveil of new iphones and some other goodies. whether that's enough to entice buying ahead of the holiday season, anyone's guess. tim cook onstage certainly trying. after this. r 18 year old was in an accident. usaa took care of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life. get your auto insurance quote today. i come face-to-face with a lot of behinds. so i know there's a big need for new gas-x maximum strength.

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call, click, or visit a store today. neil: all right. not every company enjoys this kind of publicity and sort of buzz when it's announcing some new products, but apple because it's so ubiquitous and part of or greater culture, it's not a surprise when it's offering some new iphones, even a bad quarter for this company is when it sells 30 million of them. but that is what it is. it's a proxy on the economy, the

appetite for this stuff and the appetite has been there since the debut of the smartphone back in 2007. remember like it was yesterday. anyway, we have the buzz on all of this as apple announces this with tim cook leading the charge with fox news headline 24/7 reporter bret larson, deirdre bolton, no relation to john bolton, also the moody's capital markets chief economist john lonski. i wanted to get that out there. let me get your sense on the importance of the announcement from apple, and that is that people are hang onning to their smartphones longer. they don't really see and can't justify spending up to a thousand bucks or more on something that isn't that revolutionary or evolutionary. >> yeah, iphone sales have been slowly declining. to your point, they are still growing if you look at the larger context but for them, quarter on quarter, they are down. so apple does have to offer something else. i know we're not quite finished yet with the event but there are

a lot of people looking for cheaper models and what else are they going to do to address this part of the market which to your point is saturated. it's not just americans, it's overseas as well, even in china. it seems like $1,000 u.s. which ends up being more over there may not be worth it, especially in troubled times. what we expect to hear is this whole shift in focus really underlined and emphasized, services, maybe a new watch or showing off some of the new biometrics that's supposed to help us all be healthier and be more fit. neil: really guilt you out. >> they certainly do. maybe apple arcade news. so really going towards services, going towards the ecosystem so okay, maybe you're not going to buy a fancy phone but you still love us for the services, whether it's gaming or the watch or music or the streaming we're developing, original programming. in other words, we have other ways to hook you other than just the hardware. that's really -- neil: you are nodding your head.

>> they want you to stay in their ecosystem. it's been their model kind of from the get-go. it's funny to watch them because they are almost following sort of what microsoft did. we want software to be something that you rent from us, you don't own it anymore. we want to make mopney off you once a month. like the old bell system, you don't own the phone, it's 25 cents a month. they are doing that in some ways with the iphone because they have the iphone upgrade program, where you can pay a considerable lower monthly fee, you are still paying for the phone -- neil: say you were inclined because everyone is waiting for 5g, i guess, and this isn't going to be ready to launch for that. >> these are middle year upgrades. apple realistically upgrades everything every two years. that's when we get new designs, newer features. the second year, you get a speed bump, might get a little more memory onboard. >> slightly better camera. >> yeah, add a third camera. neil: a lot of people aren't going to cough up. how is the consumer doing these

days? >> just fine, but let's not forget, apple may be one of the financially strongest companies in the world, without question. it has mountains of cash, maybe $100 billion of net cash. but the reality is that apple still faces competition. the history of high technology is you don't know where high technology's going to be three, five, ten years from now. changes in technology could greatly diminish apple's current market position. neil: especially if state ags still keep pounding the industry, not apple here, but first google, maybe facebook, down the road it will be an unpleasant environment. >> these fights could go on for a long time. ibm, i think the department of justice started its action against ibm back in 1969. best of my knowledge, that dispute was still going on in the 1980s. neil: i was too young. i don't remember. >> when the eu split up

microsoft, 1999-2000, it took microsoft a decade to re-find its footing. even if it doesn't destroy a company, it's a huge distraction. neil: let me bring scott into the discussion on this, sun microsystems cofounder, former chair as well. scott, welcome to you. this backdrop of the big apple announcement today, but now state ags and others looking at all these technology juggernauts, maybe not apple right now but possibly, that's going to put a damper on this bunch, isn't it? >> yeah. well, maybe. it all depends. our antitrust laws are not consistently and uniformly understood, nor enforced. i think there's a big threat there. a lot of people are trying to protect consumers against google and facebook, but you know, people can move away from them, i don't think the antitrust issues are there. i think the fact that 65%, 70%

of digital advertising goes through google and facebook says that's where the real power is, and that advertisers are the ones that are basically facing very little choice and their margins are getting squeezed all the while facebook and google get stronger and stronger, in the ad space. i think that's where that issue lies. i think apple is sort of immune because they have a hardware model, not a personal data and advertising model. neil: but they're big and i guess what i'm asking you, does that make you a target for washington? how do you feel, whatever the presumed sins of a lot of these guys that they've got attention first with the ags, the ftc, justice department, who knows, down the road and once they do, they don't let go. a lot of people liken this to maybe a future big tobacco industry settlement, they will try to extract a lot of cash from them. >> what did reagan say, if it taxes, move it. if it keeps moving, regulate it.

if it stops moving, subsidize it. who knows what -- neil: i was too young. i think it was something like that. >> yeah. if you're -- nobody sues a skid row bum. nobody taxes a skid row bum. you know, of course they are going to go after them and look for ways. i look at a lot of the gdp, our stuff is a great way for europe to basically tax u.s. monopolies or, you know, call them big companies. i think a lot of that is trying to generate revenue to buy votes to stay in power for government bureaucrats. neil: as he was speaking there, our panelists are going to be asking you questions as well, scott, at least venturing their own, we are learning from this apple announcement that apple tv that starts november 1 will be available for $4.99 a month. you buy a new iphone, ipad or

mac, you get one year free. this gets back to services, about getting away from just the hardware. what do you make of this? >> they have also spent less, i will say, than for example, netflix. they spent less than disney. they are also giving it to users for a cheaper price. many people when we talk about disney plus say disney priced it right, so apple has developed this original content with very well-known, very respected people, oprah winfrey is one person who comes to mind. probably that content is going to be a big hit. so i mean, it just goes to, yeah, exactly, this idea of the ecosystem, the gaming, the content, the music, just stay under the umbrella. >> and the credit card. right? that's also another, they are partnering with goldman sachs, mastercard is the back end of it. they are making money off of that, too. it was interesting when they first shipped the apple card that they were lowering the barrier of entry so more people,

even people with bad credit, would be able to get their hands on the apple credit card which is just more financing fees, that certainly they have worked out a deal with goldman and themselves where they -- neil: they -- john, you were raising this last week, but there is also the china play. they have been able to sort of walk that line between going hard on the chinese and remind the president not to be exempted from all of that, but to be partly shielded from all that. >> it's a tightrope. there's a lot of political risk involved, not when you're doing business in china but that's where apple is looking for growth, growth in sales of the iphone and all these other products. very important, not only apple but to a large number of other u.s. companies. neil: my producer points out a very interesting development on that whole apple tv plus. streaming folks are taking it on the chin as a result. this is a new competitor. very low price. sorry to interrupt. >> they are cutting prices so where is this monopoly power that's supposedly hurting

consumers? i really don't see it. they seem to have flexibility on price. they have no choice but to be flexible on price in order to maintain their market share. to fend off competition. neil: apple is different than google. scott, what they are going to do with this is say whatever might work for apple in this ecosystem, whatever, is very different than some of these other guys for whom we have proof that they try to hog the whole playing field. how does that go? how far and long does this go? >> well, it's pretty easy. if you have a monopoly position on something like microsoft office or windows or if you have -- i cannot move off of apple. my wife will not allow us to move off of apple. whenever something breaks or whatever. the barriers are so high moving from apple, to say android or maybe vice versa, they are sort of stuck monopolies. they raise the prices, make huge margins, then go after adjacent markets priced very very low

because they are subsidizing it on the profits from the business where they have very high barriers to exit. don't be confused, they are creating competition in other markets that are going to take other people out by subsidizing, then raise the prices. that's just how it works. that's why you have antitrust laws or that's why you make sure there are ways to open and level the playing field and provide choice where choice doesn't exist. right now, i got an ipad, i got an iphone down here. my wife -- >> down here. neil: one of the legendary technology titans is answerable to his wife on the technology used in his house. pretty much. right? >> absolutely. neil: absolutely. >> scott's family has a lot of money so they can afford it. >> happy wife, happy life. neil: there we go. thank you very much. we have a lot of breaking news we are following.

scott, thank you very much. our panel stays. they will be following developments including press conference pretty soon featuring mike pompeo and steve mnuchin, secretary of state and treasury secretary respectively. there was supposed to be a third member attending this and that was john bolton. i guess they conveyed to john you don't have to come. so he's not. more after this. managing type 2 diabetes?

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john bolton is now out as the national security adviser. he was supposed to join mike pompeo and steve mnuchin at the white house for a briefing here but now obviously it will just be the two of them, won't be him. you know, john lonski, we talk about leadership changes. they are a couple minutes away, these two, from speaking here. change happens. you serve at the pleasure of the president, for good or ill, right? >> yeah, but you don't want change to be continuous. you want to have some stability for awhile in terms of leadership. this can scare off certain voters. it's chaotic. neil: a.b. stoddard on this. it's just the fact it happens so much that rattles folks, right? >> right. i think that as we look at his departure, what worries me is not so much what his policy positions are over which he disagreed on several key, you know, policy hot spots with the president so much as institutional knowledge and his

respect for the protocol and the process that national security requires. what i see is mike pompeo, the secretary of state and the running for senate in kansas, we are really going to see ourselves in a position that's far more vulnerable. neil: we will come back to you. let's listen in. >> take a few questions. so today, the president signed a new executive order which underscores his decisive leadership in fighting global terrorism. this administration has intensified our counterterrorism sanctions effort. we have designated more than 230 individuals and entities in 2018, the most designation of any year in the last 15 years. the new executive order modernizing sanctions to combat terrorism which was signed today greatly enhances our ability to identify, sanction and deter perpetrators of terrorism worldwide. among other provisions, the eo

allows the u.s. government to better target terrorist group leaders, provides new tools to pursue individuals who participate in terrorist traini training, authorizes secondary sanctions on foreign financial institutions that have knowingly conducted or facilitated significant financial transactions with sanctioned persons and targets those actors for on behalf of terrorists. today, treasury sanctioned over two dozen individuals and entities from 11 terrorist groups. specifically, we have leaders, operative and financiers from over 11 terror organizations including iran's cuds forces, hamas, isis, al qaeda and their affiliates. the government has taken more action than we ever have before. the u.s. treasury is enhancing our efforts to deny terrorists access to the u.s. financial system.

we will continue to make sure that the security of the united states and to protect innocent people from becoming victims of terrorist attacks. >> thank you. today's executive order marks the most significant update to counterterrorism sanctions authority since september of 2001. it significantly expands authorities to target terrorists and those who finance their activities. specifically, today's action amends executive order 13224 by adding clauses that allow the departments of state and treasury to first directly target leaders of terrorist groups and their associated entities whi entities without having to tie terrorist leaders to more specific acts. it more efficiently targets individuals and entities who participate in terrorist training and provides new authorities to impose sanctions on foreign financial institutions that knowingly do business with terrorists.

the trump administration has already used existing sanctions authorities more aggressively than any administration before us and now we are immediately putting these new authorities to good use as secretary mnuchin said. today the department of state announces the designation of 12 terrorist leaders. they include isis of iraq, four senior members of hezbollah's jihad council and leaders from hamas, palestinian islamic jihad, isis philippines, isis west africa and ttp in pakistan. further, we are announcing the designation of an al qaeda affiliated group in syria as a specially designated global terrorist entity. as these sanctions show, today's executive order by president trump adds further muscle to u.s. counterterrorism efforts. it will help us to ensure that the deadly attacks of september 11th that occurred 18 years ago this week are never repeated on

american soil. never. at this time, secretary mnuchin and i are happy to take a couple questions on this topic. yes, sir. reporter: did john bolton get fired or did he quit, and did he leave the white house because he disagreed with you in particular over talks with the taliban? >> last night the president asked for ambassador bolton's resignation. as i understand it, it was received this morning. go ahead, yes, in the back. reporter: was it because of this disagreement? >> i will leave to the president to talk about the reasons he made the decision. but i would say this. the president is entitled to the staff that he wants. at any moment a staff person works directly for the president of the united states and he should have people he trusts and values and whose efforts and judgments benefit him in delivering american foreign policy. that's what cabinet member secretary mnuchin and i try to do each and every day. when the president makes a

decision like this he's well within his rights to do so. reporter: can you describe your working relationship with john bolton as it was and also, does this departure make it easier for you to do your job and for the administration to accomplish the president's foreign policy agenda? >> look, i don't talk about the iner workings of how this all goes. we all gave our candid opinion. there were many times ambassador bolton and i disagreed, that's to be sure, but that's true for lots of people with whom i interact. my mission set is always to make sure as i run the department of state, is to deliver america's diplomacy. and to work with the team, whether it's treasury or the president's staff to make sure we get good outcomes. i know everyone has talked about this for an awfully long time. there were definitely places ambassador bolton and i had different views about how we should proceed. reporter: with john bolton out of the picture, is it now possible to see less hawkish

iran policy? >> i would say secretary pompeo and myself and the president are completely aligned on our maximum pressure campaign. i think you know we have done more sanctions on iran than anybody. and it's absolutely working. now, the president has made clear he's happy to take a meeting with no preconditions but we are maintaining the maximum pressure campaign. reporter: secretary pompeo, for clarity on this, can you foresee a meeting between president trump and the iranian leader later this month surrounding the united nations? >> sure. reporter: would the president support that and do you support that action? >> the president has made very clear he's prepared to meet with no preconditions. reporter: to follow up quickly on the original guidance for this briefing, bolton was on the guidance to be here. so were you two blindsided by what occurred today? that he's no longer with the administration? was it news to you today? because last night you were told he would be here today. >> i'm never surprised.

i don't mean that on just this issue. i think secretary mnuchin would say the same thing. we work very closely with the president of the united states. i think we have a pretty good understanding of how he's thinking about things. i think you would agree, at nearly all times, you know, our mission is not to talk about these inner workings and palace intrigue i know you are so curious about. but rather, to talk about the things that matter to american foreign policy. >> i would just add that people don't get into administrative things [ inaudible ]. >> thank you very much. reporter: secretary pompeo, we reported on syria and the refugee camps last night. it talked about how the refugee camps fighters are blending in. there's children dancing around the isis flag. are you concerned about these

refugee camps becoming a breeding ground, a training ground, for terrorists, for isis fighters? >> there's a long history of just exactly what you are describing, camps in iraq, camps other places where prisoners were detained and extremist elements breeding in those places. but we have been working diligently on this. we have conducted enormous operations against isis even after the fall of the caliphate as recently as the last handful of days. we are very focused on this. the success that we had moving down the euphrates river valley was truly remarkable. we will not take our eye off the ball ensuring that whether it's isis or other radical islamic extremist groups continue to be under pressure from the united states of america. and just to close it out, that would include in these camps that you are referring to. yes, go ahead. reporter: the white house says that national security adviser bolton's foreign policy was not aligned with the president's

philosophy. how was it out of alignment? >> well, i will leave that to the white house to talk about. other than to say i think president trump, i watched his campaign. i have now worked with him first as cia director, now as secretary of state. someone asked would the policy be different absent any individual being here. these have been the president's policies. we give him our best with them, we share our understanding, when i was intelligence director i did the best the make sure he had the facts and data available so he could make good decisions but i don't think any leader around the world should make any assumption that because someone of us departs, that president trump's foreign policy will change in a material way. the one thing i would just say follow up, because the president has been very clear on this, the president's view of the iraq war and ambassador bolton's was very different. the president made that clear. go ahead. way in the back. reporter: are you planning to

impose tariffs on mexico? >> we are looking forward to our meeting in a little bit. we will talk about the progress that's been made which has been substantial and real and material and has made america more secure. but at the same time, we know there's still work to do. we are going to talk about how best we can jointly deliver that. we are deeply appreciative of what the president of mexico and the foreign minister have done to increase the capacity to deter migration into the united states, and you can see the numbers have improved substantially. but we also know, a, it needs to be sustained and b, we've still got real work to do. reporter: ambassador bolton was trying to keep up the pressure, we know ambassador bolton and president trump disagreed on many things with regard to venezuela. what can we expect now with the departure of ambassador bolton?

>> i think you know the treasury department and the state department have been incredibly active on sanctions. everything we do is in consultation with the state department. again, we have a massive sanctions program that's working. but i would just add, we are concerned about the people there and what's going on, the humanitarian crisis. i know the secretary has worked with their neighbors extensively. reporter: is the national security team a mess? >> absolutely not. that's the most ridiculous question i have ever heard of. let me just say, the national security team which is what you asked, consists of the national security adviser, the secretary of defense, the secretary of state, myself, the chief of staff and many others. reporter: do you disagree with the president [ inaudible ]? >> i'm sorry. i'm sorry. we will take one more.

yes, in the red. reporter: there are reports this week that the cia had to pull a top russian asset out because of concerns that his identity could be exposed. under which administration was this source [ inaudible ] and is there confirmation as to how his identity got leaked to the media? >> i saw that reporting. the reporting is materially inaccurate. you should know i don't talk about things like this very often. it is only the occasions when there's something that i think puts people at risk or the reporting is so egregious as to create enormous risk to the united states that i even comment in the way that i just did. i won't say anything more about it. i know the cia put out a statement. suffice it to say the reporting there is factually wrong. neil: okay. that went well. the two surviving members there, there were supposed to be three including john bolton besides the treasury secretary and secretary of state to address the funding that is at the

source of all the terrorist attacks that go on and are planned around the world. they are working in conjunction to starve that funding and to let the world know that if you are directly or indirectly working with any of these guys, you are persona non grata to us. obviously the attention shifted immediately to the surprise resignation slash firing of john bolton. this comes at a time when mr. bolton was scheduled to be up there with these gentlemen. back with realclear politics associate editor a.b. stoddard. obviously, you know, that old line you serve at the pleasure of the president, is true. i kind of got a kick out of the secretary of state's position on this, that aim alwai'm always s but it is what it is. what do you make of it? >> neil, this was coming for awhile. i was surprised that mr. bolton did not see fit to resign several weeks ago when he tried to be a part of a conversation about negotiations with the taliban and was told by the

special envoy that he could see the plan on paper but not make a copy of it or keep it for himself to study. he was in mongolia at the time the president crossed over into the dmz in north korea. he has literally been sidelined for so long, i couldn't believe he was remaining in his job. but as i said at the top, i do think if secretary of state pompeo were to leave and run for the senate, we should be worried about a vacuum of real institutional knowledge and leadership and adherence to a strict process and protocol that keeps us safe. it's too ad hoc, too dysfunctional and it's too trump-centric and that's why you saw all this consternation behind closed doors, with the discussion of having the taliban at camp david this weekend. neil: you know what's kind of interesting, i believe both of these gentlemen, treasury secretary, to say nothing of mr. pompeo, have been with the president from the very beginning of the administration. of course, pompeo, cia director before he moved over to state

after rex tillerson was fired, and the treasury secretary from the very beginning. there has been only one treasury secretary. their longevity alone is unusual. >> right. i mean, it doesn't make up for the fact that one of your guests was saying earlier that this is becoming a revolving door. people are leaving too frequently. as i said, to have three national security advisers in less than three years, then to actually completely sideline your latest one but keep him around for months afterwards is really not something that we want when we have all these crises and hot spots around the world and these challenges. it's great steve mnuchin stayed around. i value everyone's seniority and stability. i would like a little more of it. neil: john lonski, don't get me wrong, i didn't cover this during abraham lincoln's presidency, but he went through a lot of generals, right? he ultimately settled on one that got the job done. so you covered the same thing. i'm looking at this and saying

all right, are we giving this president fair due or is there something inherently wrong with the communication process because you have bolton, you know, saying no, no, no, i quit, i wasn't fired. what the president said was wrong. the president has a different take on this. the administration officially puts out a statement contrary to what the president said. it's confusing. >> it sounds very confusing and of course, this has to be very confusing for our allies and our adversaries. they wonder just what in the world is going on with this administration. neil: wouldn't they welcome a less hard line approach? if that's their view. they always said of bolton this guy would blow up -- >> why did they give him the job in the first place? they knew his views on iran. why take him on? why not hire someone else? neil: isn't the argument you wanted diversity of opinion? you got it. >> diversity of opinion and some would say that the president is, you know, okay, he's un pr unpredictable but sometimes in

foreign policy, that can be an advantage. maybe it's frustrating to us, maybe it's frustrating to his cabinet, but it's also confusing for our adversaries and maybe not always the worst thing. i'm just looking at the market's reaction. the markets have been down. they're not really crashing on this. they're lower. >> that's how we judge. do the markets crash. >> aren't they used to this by now? >> the kay ychaos has sort of b the new normal. neil: it's interesting now, the president is going to be looking for a fourth national security adviser, because obviously john bolton's gone. h.r. mcmaster, he's gone. michael flynn of course, a few days, he's gone. what do they do now? what are you hearing? >> right. as i said, i think they do have someone who is going to be acting. there's another person that they have been looking at for awhile to replace bolton and obviously, i'm not going to share the name

that has been shared with me. neil: what if you just whispered it? >> but i do think as i've said, we all saw this coming. it's been going on for quite awhile. he was so isolated, i'm stunned that he didn't want to resign. so it's time for a new national security adviser. i hope he's an integral part of the team and i hope that there are not competing factions and that there's a full integrated communication all the time with the secretary of state, whose participation we really need at this point. neil: do we know, the rumors were that jeff sessions, the former attorney general, had a standing letter of resignation ready for the president, the president would not entertain it until finally he did, so what is -- do we know whether -- i know there were fights in the administration, certainly battles with the secretary of state, maybe by extension the treasury secretary, i don't know, but do we know anything more than that?

>> there's just rumors right now on twitter about the fact that john bolton could have leaked about his disagreements and of course, we did see the vice president pence yesterday morning, the press was told he disagreed with the president, later in the day put out a tweet walking that back. so maybe it is over leaks. but again, it is amazing that john bolton lasted this long in light of the fact he was not a part of the process. for a long time. neil: i'm getting ideas here, a.b. something god forbid leads me to say i quit, i get the word in first. >> don't leave, neil. we need you. neil: amazing stuff. a.b., great job as always. we are following corporate developments, including apple and the big announcements right now. if you are a rival streaming service, you've got some, well, obviously worries today. susan li in california with the very latest. hey, susan.

reporter: that's right, yeah, disney and netflix hit session lows after that announcement earlier this hour that yes, disney and the apple tv plus, pardon me, is coming out on november 1st and undercutting the competition when it comes to pricing at $4.99 a month. think of that. disney plus is at $6.99 a month. i think netflix is the most popular subscription, at $12.99 a month. so apple says we will start offering this at $4.99, 100 titles, more will be added each and every month. and lots to pick from. also, we have apple arcade, their gaming streaming service as well, $4.99 as well. that starts in september. september 20th, i believe, to be exact. that will be launched in 150 countries or so. as you see, we also have take 2 interactive also down in the session as well. when a big player like apple moves in. now, it's been a very busy hour because we just are now into the money maker, the iphone 11 announcement. we just got the apple watch that was introduced, series 5, which will start rolling out and they

will start taking orders, after the keynote is done. also, they will be offering this from what i see shall sta, star of $399, $499 if you want it to be cellular. if you want the cheaper series, there is one on offer for the apple watch starting at $199. then, i haven't even gotten to the ipad. the seventh generation ipad has also been announced as well. they will start at $329, available on september 30th. they are just whipping through this very quickly. we still have an hour to go. it's usually a two-hour event. i have to say, the balance here is hardware, software, services, all merging together seamlessly so you want to upgrade and continue to stay on your apple ecosystem. we will keep monitoring this. back to you. neil: so the watch is something you can buy or put orders in immediately. the phone, you wait a little while? reporter: the phone, they haven't announced just when it's available, they haven't announced pricing. they have shown off the new triple camera on the back. we will get that in just a bit. a lot of this will start rolling

out after this is done. neil: amazing. thank you very much, susan. bret larson, i just hope whatever they come up with on the watch is less rude than this one that says cavuto, it's 10,000 steps a day, you idiot. not a week. anyway -- that's a lot of stuff. >> they have really moved into the health care space with the watch. i still have the series 1 because i refuse to replace it. it works. but it does nag you. it nags you to get up, nags you to walk around. the other day it told me at the gym, it said take six more steps and you will make 10,000. i think that will happen. neil: it tells you to breathe. >> oh, my god, i forgot. that's why i passed out. but you know, they are seeing some success in the health care space. it's interesting to kind of watch them navigate the health care space. it's a very, it's a touchy subject. i was watching the event earlier where they were talking about how the watch and the phone combined have been really beneficial in the health care industry, because it's easier to reach people when you want to do

medical testing instead of saying hey, can you fill out this form online after the fact, can you come into the office -- >> they already have all your information. >> it's right here. neil: a little scary. >> the watch can say hey, we noticed your heart rate was a little up. >> this is not confirmed yet but it's supposed to even tell you the quality of your sleep, not just how much you are sleeping, but whether -- >> i can tell that. neil: that app is a little weird. it told me 97% of your sleep when you were very restful. no, i wasn't. [ speaking simultaneously ] >> this is a great example of how advancements in technology are lowering the cost of health care. they have the potential of doing that tremendously. in certain ways it does, over time. >> for me, brass tacks from a business perspective, look, baby boomers, right, they care about their health. millenials, i'm not saying only those two big demographics care -- neil: i found it interesting you looked at john and me and said baby boomers allegedly care

about their health. go ahead. rub it in. >> one of these days it will take your blood pressure, it will perhaps eventually take the place of a good portion of your annual checkup. neil: interesting. >> when you go in for the annual checkup, your doctor can tap your watch or iphone. neil: and still charge you $150. >> tim cook has often said privacy is a right and especially i think with medical records. they really cannot make a mistake, as facebook did can cambridge analytica. neil: are these changes that apple is announcing on the iphone 11, it will have two camera modules, including an ultra-wide lens. will that move the meter? >> no, nobody cares about this stuff. i think it's funny they keep upgrading the camera. that's fantastic. the cameras have become really important parts of our smartphone. nobody carries around a camera anymore. i don't think people will rush to the store because they say

oh, wow, it's got the ultra-wide. >> another interesting aspect of what susan was just talking about is how apple is moving into these new markets and lowering prices. i hope the fed is listening. inflation is going up. neil: got to move, got to move. you got to go to commercial break. okay. that's what we will do. more after this. . .

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neil: man, oh, man, when you're out you're out. john bolton national security advisor is out. one man welcoming this development is senator rand paul who will join mow 4:00 p.m. eastern time saying it is better for the nation, better for talks that are important. it is better, period. he will be joining me again to discuss that. the markets, in case you were looking at this being some sort of a climactic event here, not so the dow down 23 points. it is not moving so much on that but this cabal descending on

technology companies, namely google, spilling over to a whole host of names and ongoing apple announcement. they have a bunch of products. charles payne, to take you through that and so much more. hardest working man in showbusiness now. charles: good afternoon, everyone, i'm charles payne. this is "making money." breaking this moment national security advisor john bolton is out. president trump revealing he asked him to resign. what does it mean for u.s. foreign affairs? apple unveiling today a slew of new products. ahead of the holidays, what it could mean for apple. congress has a load on their plate. will they finally pass the usmca or continue down the path of impeachment? all that and so much more on "making money." ♪ secretary of state mike pompeo and treasury secretary steve mnuchin just now wrapping up a