there, home free. ashley: six-week highs. a nice melt-up. stuart: we like to end the show on positive note. apple is worth a trillion. dow, 27,000. hey, neil cavuto, are you ready for this? it is yours. neil: putting perspective on this day of all days, 18 years after the attack on america but did not change this, the propensity of capitalism always to come back. people forget the stock market never opened this day 18 years ago because of the attacks t would open six days later. it started careening. the dow was north of 9605. it has more than tripled that in the time since. things would get worse in near time before they got better. the reason i mention that, for us to step back, remember what is going on in the moment. not only horrific attacks, the feeling we would go into sort of

a capitalist winter, because the nerve center of capitalism had been hit, but the market when it reopened, it careened. fell more than 14% that trading abbreviated week. a lot of folks said depression was in route. we would never recoup the losses maybe for years. it took us barely a month. the reminder nowot only of american capitalist spirit but america period. who better to know that, but appreciate that, retired four-star general jack keane. always good to have you. >> good to be here, neil. neil: i always like to put that in perspective, general, we tend to think we'll never get through this, we'll never get through this. time and again we get through it. there are bumps, horrific tragedies along the way, tragedies after tragedies, that punctuate that along the way but invariably, this country much like stock market charts over time go invariably up. i think that says something about us.

you? >> it definitely does and you know it is interesting we captured khalid sheikh mohammed who was the mastermind of 9/11. we have him in our jailhouse to this day. through the years interrogating him we figured out where were the truth and where were the lies. he tells a fascinating story, after they bombed two embassies, al qaeda did, killing 400 plus of us, we had a feeble response, cruise missiles into the afghanistan training area where al qaeda were, usama bin laden made strategic if decision this 1998. let's go to america. they're not willing to shed their own blood to come after us. now is the time to take advantage of them. we can collapse them economically but also break their spirit because they're morally week. that is a paraphrase of the argument. khalid sheikh mohammed and two to three others who had been in america were only ones to argue against it. most everyone of the leaders were in favor.

he said this, in some words. you don't understand these americans. he said if we go to america and kill them, they will come for us and kill us and never give up killing us. that is what we will bring on to us if we do that. so we have three presidents now, neil, and they have all had the same strategy. to stay in the fight against al qaeda and isis. those organizations that still threaten us, fight them there, so they don't come here. and we have been sustaining that strategy ever since. obviously they did not understand us. they did not break us economically and they certainly didn't even come close to breaking us morally or spiritually. if anything, we were strengthened by that horrific experience. neil: there are a lot of people who look back 18 years, especially those that don't remember it, or weren't even born, my two sons were born after 9/11. so i worry, i'm sure as you do, that we forget, it grays in the

past and these reminders that, when you hear victimses names, recited in new york in this annual ritual but a solemn one, for a lot of young people today, terror is constant reminder of in their lives, nothing like that day. they don't quite get it. it is ongoing, unending vigilance in the face of terror they don't get either. what do you tell them? >> well education is so important. i mean one of the things that does concern me, and can be quite appalling is, how the younger generation today have so little grasp on american history, and america's contribution to this world, particularly post-world war ii, and what we did creating international order, keeping, keeping the world away from the catastrophe and calamity of a world war ii-like experience. without america, the world would be a clearly different place. the fact that they don't have a

grasp on that, some of them are not emotionally committed to america as a result of it, does concern me. we have got to get people to understand what this nation has stood for, how different it is by comparison to the rest of the world. neil: well, i think as you i'm paraphrasing you said former eloquently, the bad guys never forget. they always remember. they're always on guard doing what they do. general, thank you very, very much. good seeing you. >> good talking to you, neil. neil: dick grasso, remember him, former chairman of the new york stock exchange in middle of all of that, remembering what it was like when stocks finally opened for trading about a week later. take a look. >> the message that that opening bell sent and how poignant it was that none of those politicians from the mayor, the governor, the treasury secretary, our two senators, none of them got to ring the opening bell. it was a firefighter, a police officer, an ems person. they were the heroes and they

were the ones, said to bin laden, all of his, all of his merry terrorists, you failed. that opening bell said, america lives on. neil: indeed it did live on but it was rough going those few days. the stock market when trading resumed, fell 684 point, that was a record fall at time. we have beat that number of times. that represent ad 7% decline. that entire week we lost 1370 point, about 14% hit on the week. now here is the thing about that i want to bring up with my next friend and guest here, gerard baker, of "the wall street journal" at large. the markets recoup all the losses within a month t was an amazing comeback, wasn't it? >> you remember vividly the market was closed for almost the whole week afterwards. it reopened, fell very sharply.

there was concern for the economy. fed stepped in provided a lot of liquidity. there was real concern. for the first two or three weeks after 9/11, consumer spending ground to a halt. neil: nobody was flying. >> everybody was in a state of shock for some time. no wonder people thought, is this going to plunge us into really terrible recession and possibly depression but actually it was remarkable how quickly consumer spending came back, consumer confidence came back, helped againly lower interest rates and reasonably positive economic condition and a tribute, remarkable tribute of resilience to people, even after a shock like that they came back and the economy came back, the market as you said tripled since then. neil: were you at the journal at that time? >> i was actually at "the financial times." i was in tokyo on the day, i was traveling with secretary o'neill, paul o'neill. neil: treasury secretary. >> i was covering paul o'neill.

thought we were on interesting story, he was going to china and japan. that was the big story of the day, everything changed. reason i asked about that "wall street journal" has a great editorial, the part of the editorial it ran day after the attack it addressed there will be bumps i'm paraphrasing here, it is not going to be easy but we'll get through this. i'm always wondering when people in the moment, they forget it is just a moment. we had same reaction, very different situation with the financial meltdown, people lose confidence but we get through it, tragedy, financial and otherwise alike we get through it. >> 9/11 was the most shocking thing you and i lived through in our lives. think about pearl harbor. think about the second world war. think about the civil war. think about the great depression. america has come through, not in human tragedy terms perhaps something as shocking as 9/11, much worse geopolitical shocks. it continues to thrive. it gives people confidence.

america is very resourceful, very resilient, innovative country with people that worked hard, with imaginative solutions. in the end, tough, strong people. it is great tribute great record united states has over 200 years. neil: terror threat you reported very well and lot of other folks on this subject, we're still dealing with terrorism, that is an understatement, yesterday addressing financing of terrorism and groups and the rests and we'll never get over right, maybe something of this magnitude has not been repeated we can feel relieved but it has happened sporadically around the world. new delhi, paris, this country as well, boston bombings, different sizes shapes, forms, but real. >> people say in the end, general keane put this very well too, you people, you terrorists, you know, you scored one hit, okay. well-done, on congratulations

you caught us sleeping but you really think you will take on this country? you think you will destroy the will and tenacity and spirit of this country? it has been true here. it has been true in the uk and france and belgium, anyway. they don't have the strength, they don't have the capacity, they don't have the courage to take on people like us. in the end we will prevail. they can win these little victories inflict enormous tragedy and horror on our countries but in the end america has been around 250 years. it has survived worse than this. it has been toughened by war and strengthened by prosperity. they don't give in like that. neil: you're exactly right. very well wently as well -- eloquently as well. what happened 18 years ago people said we would never recover. at various points we did. global markets did as well foaling our lead.

it is a testament to american survival moving on, moving forward but our own markets to follow suit. when someone gives you the gloom and doom of the markets under any president, republican or democrat or any parties pushes right or the left, do look at those charts. sometimes they can be very illuminating. we'll be sharing a few with you in the next couple hours here on this show. later on as well on my fox news show. meantime the president's third national security advisor departs. he says he jumped. others indicate he was pushed. senator rand paul, john bolton gone is good for the world. take a look. neil: what do you make of this? >> i think the threat of war around the world is greatly diminished with bolton out of the white house. and think the president deserves to have somebody who is his national security advisor who actually will try to further his policy, not try to stymie it. neil: all right. blake, that is a version of don't let the screen door hit you on the way out.

now what happens? what is going on the at the white house to plan for a replacement? reporter: it was pretty remarkable in the briefing room to see the treasury secretary, secretary of state enjoying a laugh together when they were being pressed about john bolton no longer a part of the administration, not a part of the team. no shortage of those inside the administration quick to point out, hey look, president, former national security advisor didn't see eye-to-eye on a host of foreign policy issues. you heard from rand paul there as you spoke with him yesterday. that opinion as well extends up to republicans up on capitol hill but it was interesting today, neil, to hear from the top republican up on the hill, senate majority leader mitch mcconnell. he took to the floor to talk in part about john bolton and he said, you know the next national security advisor needs to work better with the national security team or at least should work well with the national security tea but he was also quick to praise bolton.

listen here. >> personally i have always appreciated john's candor and clear advice. he possesses something crucial, the ability to understand the world the way it is. reporter: now the president says a replacement is going to be coming next week. a couple different names, neil, that we are hearing as potential leading candidates include steven began, the lead negotiate store on north korea along with brian hook, who is a senior advisor as it relates to iran. when you're talking about north korea and iran, two of the foremost foreign policy issues before the president today. though i was cautioned, neil, when i ran those names by someone here in the white house earlier today, as we saw once again yesterday, it was put to me, neil, that anything is possible around here. neil: i think you're exactly right my friend. blake burman at the white house. right now we're also following

the markets. i told you where they were 18 years ago this day. of course the markets never opened that day as you recall after the 9/11 attacks. it would take until september 17th. the day before they closed 9600. the dow is north of 27,000. within a couple hundred points of an all-time high. who would have thunk. optimists did then and now. ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go. at national, i can lose the wait...and keep it off. looking good, patrick. i know. (vo) go national. go like a pro. dimitri's on it.

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xfi advanced security. if it's connected, it's protected. call, click, or visit a store today. neil: we're a couple hundred points from a record. actually 300 plus point from a record. a percent or so making history again. if you were to go back 18 years ago to this horrific day, with the attacks, the stock market never opened that day but we were at around 9605 on the dow

from the day before, the monday before. that was the last trading day before the market was reopen about a week later on on the 17th. look what the dow has done since then. for those on radio the dow has tripled. my staff is much, much younger, the chart story, here is why i emphasize it, there are jagged charts to this chart. i keep a similar one from my office from the beginning of the last century. those jagged parts are real. in those moments, in middle of financial meltdown in 2018 and 2009. they're very real an palpable justified fears, people losing a lot of money. market value tumbling hundreds of billions, trillions of dollars in the interim. look what happens when you step back. the inexorable direction is up. despite all the naysayers.

despite all those that say nowhere but down there were bumps along the way. those that thing capitalism tumbles and never returns. it does tumble but it does soar. over the course of time it does a lot more soaring than tumbling. proven chart after chart, example after example and in a market that has more than tripled since that time there are 40 million more americans than there were back then. there are about 28 million people who were born after 9/11, including my sons who also get bored when i talk to them about stock market charts but to illustrate this point, we come back. we came back then and i want to remind you of a cover on a major business publication, i'm not wanting to cite for being wrong, it said we were going into a financial winter that would last decades. the market was back to its old levels back then within a month.

within a month. just want to put that in perspective. lots more of that perspective this next hour 1/2. i see a lot of you are saying where is the remote? meanwhile the president taking credit for republican dan bishop north carolina specs election win as a recession fear gripping some voters. you wouldn't know it today, as the dow and major markets are inching closer and closer to record territory. "real clear politics" white house reporter phil wegmann. phil, first of all on the per speck of what this race just said t was close. this president won this district by a dozen points. this election was a little closer than that, a couple of points. what does that mean? >> well i think that president trump is rightly taking credit here and you don't have to take his word for it. if you look the at a statement put out by the dccc shortly after the race was called. you saw they said that they credited their defeat to two

things. one was last minute republican outside spending and the other was president trump's last minute visit to north carolina. without those two things, they're confident they would be across the finish line right now. so according to them, president trump is the one who put this in the bag for republicans. neil: i have no doubt, like you said, he was very influential, he can't rescue everybody in every single district. the wondering the fact it was close there, a testament to his vote-getting appeal, no doubt about that. if democrats trying to make a contest, they keep emphasizing the contest making the state of texas, where do you see things? you often quite smartly remind me polls are meaningless at this stage but all we have to go on, phil, i wonder what you make that is saying so far? >> i think what we'll find out when republican strategists take a step back from the celebrations in north carolina, they will realize yes, this is a victory. the context is very important.

there is reason for hope from democrats. you pointed out president trump won this district by 12 points. bishop carried by just two. that is quite the spread. but 9th district of north carolina has been traditionally republican since the 1960s. republicans stumble here and president trump helped them to t toheir feet, to cross the finish line. but you said a second ago president trump will not be able to do that for all incumbents, especially when he as ha to focus on his own re-election come 2020. it's a victory but one republicans should be a little on edge about. neil: while i have you, phil, we're getting bulletins behind the drama of firing of john bolton, we're learning a separate bloomberg report out now that two of them discussed easing iran sanctions and that's when john bolton sort of bolted. that enough was enough. that is the last thing he wanted to see. some have read into that the

behind the scene dramas whatever you make of that who acknowledged what, this is all about the president veering away from that in your face wars at all costs approach, tough guy foreign policy or strategy, what do you make of all this. >> what we know about president trump he campaigned on ending these endless wars. neil: right. >> that was a line he used consistently for a long time. bolton's entrance into the administration was something really had a lot of people scratching their heads. they were confused why he would bring someone in who seems somewhat antithetical the way he ran on, the way he wanted to govern on the world stage. what this shows president trump brought someone in who didn't agree with him. it was only a mater of time before those differences were too great for them to continue. i think what is interesting here, yeah, there is drama, questions about was he fired or did he resign but compartively if you look at lot of exits, a lot of ousters in this

white house, this one was very tamed and very subdued. so i think even though president trump disagrees vehemently with bolton there is still some respect there. neil: thank you very, very much, phil. dow up 84 points. apple a big reason. it's a trillion dollar company.

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♪ neil: we got what, only 14 days until possible government shutdown and 12 spending measures to be addressed signed off to avoid that. chad pergram on capitol hill, what are we looking at? reporter: the latest, house majority leader steny hoyer is looking specific dates he is looking for interim spending bill he would move next week, he said the either the 15th of november or the 21st of november. he wants that wrapped up before thanks giving. that would turn the lates back on for couple months. would try to move that next week. this will get complicated what the president is trying to do

with the border wall, reprograming funds, going around congress. i asked the chairman of the senate appropriations committee richard shelby the other day if that gave him heartburn? he said not a lot of things give mow heartburn, i've been here a while. the house judiciary committee tomorrow starts moving articles of impeachment, putting parameters around their investigation. they're not actually impeaching the president but starting to formalize the inquiry here, whether or not that volatility could set off the president. i asked that to steny hoyer a bit ago, could that conflate the issue with the government shutdown, is he concerned? steny hoyer said, quote, it damn well does. that's a problem because you never quite know how the president is going to react especially if they try to put restrictions in this bill for the border wall, neil. neil: so where are which then? >> you're waiting for what this bill would look like. that will be the issue. house will move one next week. the senate appropriations committee is putting together four of the bills tomorrow. but there was a big fight

yesterday between democrats and republicans. mitch mcconnell, senate majority leader, accused democrats putting in poison pills something outside the parameters of late july, early august. that will be issue. of all the issues going on behind the scenes. i mentioned impeachment and also the usmca. that something really hasn't moved is since they come back from recess. i was told by senior source they could have vote by end of the year. steny hoyer said something interesting in his press conference. if they could build enforcement into the agreement, not as a side deal, that would help get democrats across the finish line. that is a big difference how nafta was structured, where sidecars were never really enforced, neil. neil: chad pergram, thank you very much, on capitol hill. latest on "markets now." far cry from where we were 18 years ago when the markets didn't open up. the fear back then we could see recession accelerating.

george bush had been in office, really think about it, eight month or so, george bush, jr., george w. bush, a recession or fears of one was gripping the country ahead of this. of course that slowdown spurred a tax cut that wouldat take full effect in the fall of that year right after 9/11. the full impact of that would be resonating much later. but the bottom line was the dow was going to later on be in a freefall. we would see later when the market was recover the first day of trading they would fall 7%. after the first week of trading they would fall 14%. a heady comeback then but no more so dramatically the stock of apple. we'll tell you what it was like then and what it is doing now after this. at fidelity, we believe your money

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neil: all right. apple is now a trillion dollar company. its market valuation, number of shares by the price the shares are trading at right now in excess of $222 a share has that now as a trillion dollar concern. so revisiting levels it has not seen in about 10 months. i always like to do this with popular names but i want you to take a wild guess what apple was trading for september 10th, last trading day before 9/11? i said the markets never opened. on split adjusted basis it was trading a buck 24. split adjustment, stocks become

rich, companies splitting them, two shares for everyone, they bring them down. of the bottom line keeping apples to apples, no pun intended, apple back then trading about a buck 24. which means in layman's terms, up since that time, even with the beating it took when trading resumed, it hit all sectors at the time, we had 13 s&p 500 sectors. we added a couple. communication technology one was added. bottom line, they combined all of those, they were all getting batter ad the time, apple among them, but since that moment, in the 18 years that have passed, that stock has appreciated 17820%. that's not bad. not so bad at all. meantime worries still persist for issues like apple not only a target not only for those that fears tariffs will come back to boomerang the

company but it could get some regulatory scrutiny as well. nevertheless the stock is more than absorbing the body blows as well. but the tariff concerns and china trade back and forth is still paramount in washington. that is like the market de jure focus these days. edward lawrence on the latest on that front. edward? reporter: neil, in fact china exempted 16 items. these items are u.s. imports from these tariffs. these items are mainly thing china can't get from other countries and they can't produce themselves. a medical device that helps diagnose canner tumors and lubricating oil and fish meal for feeding animals. chinese finance ministry announced suspension of tariffs of 16 u.s. imports for one year, september 17th this year to september 16th next year 2020. coming from china into the united states, children's safety items, things we can't get anywhere else like rare earth

minerals. we're expecting lower deputy level meetings with the chinese and u.s. to happen within the next two weeks. those meetings set up a meeting at the primarily level in early october. the chinese premier speaking at a meeting with a u.s. business delegation says he believes both sides can come to a deal. he says this quote, this is important, we share wide common interests that i believe we have the wisdom to find a solution acceptable to both. still though, neil, there is nothing about putting back in at concessions that u.s. says china deleted but this is positive talk from the chinese. back to you. neil: thank you my friend, very much, edward lawrence. i was talking about apple before, the importance of putting history in perspective, i want you to guess who said this -- i see great value to the chinese market both from production standpoint and i would be stupid to ignore its influence and impact on the global community. that's why i'm there.

that's why i'm expanding there. that is why i see great potential there. steve jobs of apple. that was then. where are we right now? with relationship that has turned very, very fractious? former national economic council deputy director cleat williams joins us as market watcher, a good apple follower in his own right keith fitz-gerald. keith, begin with you, end with you. company like apple, visionary leader of steve jobs seeing the importance of the asian market led by china then versus reports we're getting out of a number of corporate ceos who are pulling back given the frustrations and trade war and everything else, what do you make of it? >> well i think you've hit upon the absolute crux of the issue, neil. you're talking about a visionary ceo versus somebody who may be producing widgets. widgets you can get anywhere. visionaries change the world. steve jobs was and remains right

even after his death. neil: we have to wonder if this relationship that soured significantly continues to get this slow wave of companies, i'm not calling it andus but they're thinking twice about being there exclusively, certainly spreading their wealth, what do you think? no well i think you saw some positive signals from china this week but we're still a long way from a deal at this point. we really haven't talked about those core structural issues for a while so i do think it is smart for companies to be looking at different options. i want to mention i think some of those companies were looking at this even before the trade war started to escalate in that they had seen china moving in a less market-friendly direction. neil: that is a very good point. to that point i was looking at the numbers, some predate the trade war that started about 18, 19 months ago. i'm glad you pointed that out. >> that's right. i remember when i was in the administration we first started taking this on we were very

re going to get from business but there was a lot of business, some of it quietly cheering us on saying we came into this market with really high expectations but now we find that we had to get rid of our technology. we have to turn it over. competitors are cropping up. we're starting to lose business. so even if public i cannily they are expressing some concerns about this privately to us they were expressing concerns about the trajectory we were on before we took this on. neil: present apple ceo tim cook, keith had mentioned yeah they had to absorb the body blows from china right now. they have been eating a lot of costs there, they say because they had the resources to do so but even in apple's case the impact is real. they have just not passed it along to consumers because they make it in other areas. >> well that's correct and i think that too is something that is very, very important here. apple is one of the very few companies that is truly transitioning. so if you liken it to the market

they killed ironically enough, televisions at one point in time we were excited how you manufacture televisions. then it became all about the advertising dollar. in effect we're seeing at one point in time it was about the iphones. now we're seeing services this is the first input, this event yesterday with apple first time we saw services hardware, higher margin items will work together. apple i think is on the cusp of doing great things with much higher, bigger profit margins ahead. neil: thank you both very, very much. i mentioned apple in the context of this day, remember a national tragedy, the 9/11 attacks on this country. but the view of ceos and those then to try to at least in a money sense get markets back after all, capitalism was a target that awful day 18 years ago. it is interesting to point out the commonalities between steve jobs who ran apple back then and tim cook now. both stressing the importance of dealing with china, finding a a way to get over the difficulties and the controversies associated

certainly then for steve jobs in china and today for tim cook in china. for stove jobs it was a no-brainer to do business there, to expand production there. for tim cook it is an important point to mention, he feels the same way, after this. 300 miles an hour, that's where i feel normal. having an annuity tells me my retirement is protected. learn more at retire your risk dot org. i come face-to-face with a lot of behinds. so i know there's a big need for new gas-x maximum strength. it relieves pressure, bloating and discomfort fast. so no one needs to know you've got gas. gas-x.

neil: the president meeting at the white house now. he is addressing reporters questions and commenting on the bolton situation, former security advisor john bolton who left the administration. bolton said he resigned. the president said he was fired but the president among other things saying bolton he made mistakes, including reference to the libyan model. no ifs, ands, or buts, come full throttle on these guys. talking about bolton not getting along with important people in the administration. there were reports as well

bolton did not get along with certainly the secretary of state, treasury secretary, host of others who accused him and others around them saying that he was the one leaking embarrassing information and all the rest about key administration decisions such as overtures to the taliban and all that. president talking a lot about it. you know the drill, when we get the tape back, we replay it for you. it is joy, media ratings joy. meantime we've got the dow, topping 27,000. right now apple a big catalyst for that. a trillion dollar concern right now the first time revisited that level. it's a lofty level. not too many companies in that neck of the woods in 10 months. gerri willis following it all at new york stock exchange. hey, gerri. >> neil, that is right. great moves in stocks. the dow has been back and forth over that 27,000 level four times since i stood up on this box currently over it. we are without internet service.

i'm hamstrung for some numbers. believe me this dow is driven by boeing and apple. boeing shares are up 3%. dennis muilenburg, saying the company targeting early fourth quarter, for the 727 max jet, to go into that service. that would be good news for the company. big questions whether regulators allow this to happen, especially regulators in europe. apple shares, that huge unveiling yesterday of three new iphones, including one price at 699. we also got a new apple watch, ipad, on and on. analysts focused on the company's competitive pricing for apple tv subscription service at 4.99. that undercuts disney. now reporters reporting that apple moved to allow some folks to get a free tv subscription service could mean it is briefly the biggest streaming service, bigger than the almighty, mighty

netflix that will be interesting to see. moments ago i just spoke to sam stovall, he said if you're taking this, saying the market is going to the moon, maybe not. he says guess what, we have got 8 different central bank meetings before the end of the month. anything can happen. you know how traders get expectations up for something really big. meantime we've still got dow 27,000. 27,011. s&p riding high today as well. nasdaq all of them at six week highs. neil, back to you. neil: thank you very, very much, gerri. meantime focusing on another big name in technology. that would be of course amazon. in the middle of all of this, latest right now, get the attention of regulators, we're told just ftc probe to look into the matter. all on the heels of all those state attorney generals, attorneys general i should say looking at google, maybe god knows who else down the road. hillary vaughn with more on the

amazon thing. what are we learning, hillary? reporter: we're learning on the ftc is in on a fact-finding mission talking to merchants trying to get more information from them. this could be setting up a larger antitrust inquiry into the company. here is what is happening, they're sending a team of attorneys and economists to interview third party sellers, grabbing information how the e-commerce giant operates, including one merchant we talked to this morning on a phone call that lasted around a hour 1/2 with five attorneys and one economist from the ftc. they wanted to know about amazon suspension policies. how some merchants get kicked off or banned from selling on their site. how much they make from competing sites ebay. amazon is not commenting nor the ftc. we have similar themes popping up here on capitol hill. we heard from amazon's general counsel in front of the house judiciary committee in july. his argument for competition was, don't look at online competitors, look at the entire

retail landscape including brick-and-mortar. they make up of about 47% of on line sales. when you expand to brick-and-mortar they make up 5% of retail sales. that is the groundwork they laid in front of lawmakers on capitol hill to say they do face a lot of competition. when you look at total retail, they are are not the big dog in this. the ftc doesn't seem to be buying that argument. they want to know information and they're digging for more. neil. neil: it is amazing look at amazon's stock price, like facebook, absorbing body blows on calls for investigations and worse. you can only do that so much. good day for technology, apple exclusively, apple a trillion dollar concern. this comes as a lot of the folks that want to be the next president of the united states are targeting wealthy period, elizabeth warren among them with wealth tax. ken fisher, the billionaire

investor says be careful what you wish for. elizabeth warren has a wealth tax idea to go after people like you and it could raise a lot of money. how do you feel about that? >> i don't think it will go anywhere no matter what. i think it is easy to say those words. i think when you get down to mark-to-market accounting, it is a very treacherous slope. let me just say, if you implemented as she discussed, which i don't think would ever happen, every wealthy family applying in pert pet all lawsuit with the irs. every year. neil: he says he doesn't think that is likely. that is his view. charlie gasparino on that. he would be one of those rich people talking to elizabeth warren. >> of course. you too, my friend. way ahead of me. neil: what does this mean? obviously what he is worried about is that language. he doesn't think it goes anywhere. if it is about a war on the

rich, you will not go anywhere. >> don't discount that. one of the things interesting about elizabeth warren she is to the biden people. i've been reporting on this last couple days from the biden standpoint. they think -- neil: that she is focused, registering, right? >> she has a lot of negatives. pocahontas, the whole thing, we get it, she is ripe if you want to attack her, she has a lot of positives. of any of the democratic candidates she can articulate economic issues, she can talk to the average person. she understands how to distill it, she understands how to distill for people that are still not bearing, sort of, the fruits of the trump economic recovery. you know, what they're worried about, yes, great headline numbers of unemployment and stuff, unemployment being low, gdp growing off its lies, still growing but still there is a lot of economic distress out there. there are parts of country still

not benefited from the trump tax cuts. she can talk to those people better than anybody else, even better than biden of the that is what they're worried about. she is surging. a lot of policies might not go through. she wants to break up the banks. in order to break up the banks you have to have all of congress involved. it will be very difficult to do that. there is no, there is no guarranty that democrats will win the senate or even keep the house. we don't know. so she would need complete unanimity in government to do a lot of stuff she wants including this wealth tax but that said as president, once you get in there, once you get a bully pulpit you negative know what happens. neil: passion of the party, could i switch gears, if you don't mind, my friend, 18 years ago you were not here then. you were doing other great things. >> i was at "the wall street journal." i would have been right at ground zero if it weren't for a doctor's appointment. neil: is that right? >> yes. i remember walking out of my

doctor's office downtown seeing people running up the street. i mean -- neil: surreal. >> it was surreal. so i walked into my gym. i belong to crunch fitness on lafayette. i never forget this, and i walk in, both towers implode on the big screen. i was like, oh, my god. try to get in touch with loved ones. it was interesting because my dad was iron worker when they built the twin towers, took me and my brother, he was foreman of the lobby, i remember going something like 1972, to the lobby. the lob which was sort of a shell. the towers were up and so that place, given the fact i worked there, was a big part of my life pre9/11 and "wall street journal" -- neil: don't forget how briefly the towers were there. >> we covered it when we were at "the wall street journal" "theall street journal" won a pulitzer for putting out paper. neil: we forget. that is where you guys were. >> we were across the street at

financial center. we were filing from our home computers emailing what we saw. it was -- neil: was merrill lynch in same building? >> lehman and merrill were in the same building. american express were in the building. in the trade center, morgan stanley had a huge brokerage office. that was part of what we covered. it was right there. i remember sending the files in about, i mean it was just horrific stuff about people, we had eyewitnesses count what was going on, the horror of it. i'll tell you covering it was a traumatic experience. i remember the next day jimmy cayne basically had a meeting with all the wall street executives. neil: bear stearns. >> ceo of bear stearns because his offices were right around here, midtown. that became sort of an unofficial meeting place. wall street was always at each other's throats but for that brief period of time there was a little of cooperation to get the street back.

dick grasso did an amazing job new york stock exchange. listen, realize new york stock exchange back then was huge. it control all the trade. 80% of the trading. neil: those days the floor was crowded. >> the floor was crowded. all the wiring got blown up. the verizon wiring center was in the trade center. neil: it created flooding. >> dick had to rebuild the infrastructure. neil: they told him wait longer this will take a while to do. they reopened on 17th. >> here is the thing, they wanted him to do it faster. what he was worried about, george pataki was governor -- neil: everything would implode. >> everything would implode. stocks were down dramatically. neil: 17% that day. 13% that week. >> but the stock exchange worked, it worked because of dick grasso. neil: worked got back to trading. i might stress, charlie and i can remember this, we were back to the old levels less than a month later. reminder whatever horror happened in our past, god forbid in our future that chart of our

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neil: all right. we're still monitoring the president. he's at the white house right now talking about obviously dealing with vaping issue that has claimed six lives already, largely teenagers. there are reports that especiallihe's ready to ban flavored e-cigarettes as a result. we don't know how far this affects it and whether it's just on those products but that would encompass a great many products, to put it mildly. he's also taking questions from reporters and has been for the better part i think of 20 minutes. he's had a lot to pounce on, including the departure of john bolton. he said he really didn't get along with anybody, that he indeed did dismiss him, he didn't resign, went on to say he has a number of good candidates, up to five, that are being

considered. we're told he didn't mention names. our german ambassador is among them. he was talking as well about the administration's progress on the economic front saying right now that he is still open to meeting the leader of iran, all possibilities are out there. so he's sort of pond-skipping on a lot of different issues. again, when he's done there, i think by now you know the drill, if he takes -- if the tape comes back to us -- it's not a tape anymore. it's all digital, isn't it? pretty much. stuff i don't even comprehend. the bottom line is we replay it, we hit play and away we go. that could be minutes away, it could be, i don't know, hours away. we will follow all of that. meantime, let's get the read on all these cross-currents, on this, tragically the 18th anniversary of the 9/11 attacks but more importantly, a chance to remember not only the awful but how we came back from that awful. for the purposes of this network we certainly look at the loss of human capital and some of the finest minds in the financial

community, among many others that were lost that tragic day. but the comeback that we have seen since that tragic day, i don't like to overemphasize charts. a lot of my younger staff workers nickname me grant because i go back to those charts but they do illustrate a point, that we have come back mightily from a dow that was about at 9600 the day before the attacks, remember we didn't open for trading on the 11th, we opened six days later on the 17th, the markets te another clubbing, down close to 700 points. the biggest single day hit to the dow up to that point. there would be multiple many days of even bigger point hits, but it didn't stop. by the end of that first week of trading, we were down about 13%. a lot of people were calling it the preview to a depression. four weeks later, it would be back to our old level. that was then. what to make of this incredible market and the testament to

capitalism. we have deroy murdoch, elizabeth macdonald and "wall street journal" associate editor, i think were you in your apartment or office? >> right across the street in the financial center. neil: writing these great incredible stories, john bussey. then and now. it's interesting. >> it is. as you say, the resilience of the u.s. economy, it was an event that was, you know, potentially hugely problematic for the united states, but in retrospect it's important to keep it in perspective. it wasn't the dislocation of a world war i or world war ii. it was fairly circumscribed to new york and washington. but also, coming back not just from that event but from what succeeded it, wars in iraq, in afghanistan, that have gone on for years. it speaks as you say to the

resilience of the u.s. economy and to the idea of the united states which is what was under attack that day. neil: you know, it was a target, to john's point. when you look back at it, not to minimize the moment, but the reason why i keep a chart of the markets going back to the last century, not just because i was there, but that it says something that when you're in the moment, good or bad, you think that's the permanent moment or the free-fall of a market after an attack or 's point about other punctuating events, presidential assassinations, watergate, we could go to the financial meltdown, and in there, it is jagged and hellish but step back, look at it over time, look at the tripling of the dow over that time, or an apple stock now in and out of all-time highs, a trillion dollar company, little bit split adjusted terms over a buck a share, $220 today, it is a reminder that we get through

it again and again. >> that's right. by the way, after 9/11, that inaugurated the first bailout for the airline industry. you're right. in the moment it feels horrible and the u.s., american people said we didn't turn just to corporations for help. we turned to the government. what is the government going to do. the government stepped in big-time. the federal reserve started slashing rates. what's interesting to me is osama bin laden thought he was going to rip apart the u.s. economy. this is the strength of the u.s. economy. it takes an awful lot to rip apart the capital structure of any country. that's what his thinking was with afghanistan, afghanistan, they were going to bleed the soviet union dry, ruin the soviet union economically. tried to do the same to the u.s. the u.s. came back. the problem now, the crisis this has shown is always how we govern ourselves. that's a real crisis in the aftermath of 9/11. you know i come from a fireman family. my sister married a fireman two days before 9/11.

lot of the guys were gone. they hate when i talk about this. my brother-in-law helped recover his brother-in-law's body. remember the nine firemen on new year's eve. but i say this because i went to those funerals and the ethos is what are you going to do, we just have to get through it. the eulogies were short. i love my husband, thank you for coming. but that's what i think bin laden and the terrorists forgot, and i don't want to get treacly and put anybody in diabetic coma here but it's the american spirit that was always going to bring us back. they bet wrong, they thought they were going to rip apart the u.s. economy and they didn't. neil: you know what's interesting, too, when you look at it, we still wrestle with these issues today. we talk about john bolton, all the controversy over him. it was his view and how you respond to this ongoing terror threat that twied edivided he a president. suffice it to say, it is still

this whole national -- if you think about it, the line we use in this city, if you see something, say something, originated from that day. i'm wondering, that's something we never get past. >> absolutely right. part of the reason that chart continued to go up for the most part with some dips certainly along the way but going up in the right direction, the profit motive in free markets are incredibly powerful forces that have a tendency and desire to keep moving forward and up. and we also should pay tribute to the soldiers, to the intelligence officers, the other people who made it possible for us not to have another 9/11 take place with more people not just being lost or whathave you, but killed and taken from us, in fact, and i think we need to give a salute to them for having this awful horrible day in american history one we have not seen repeated since. neil: it was that ability to respond to that. i always wonder in your case, keeping your composure, writing and covering this, at the time when a lot of people were

gripped by that, many we know who left downtown and never returned, many who left the country and didn't return. it was palpable. yet we got through it. but it was not easy. >> yeah. it wasn't easy. and on reflection, liz is right, this was an attack on our economy but again, it was also an attack even more on the idea of the united states and what sort of underpins the republic and it's a good reminder on this particular day that this was an attack from outside. we've got to be careful about damaging that idea or attacking that idea to unfairly or vociferously or unconstructively from inside the united states, too. the idea of, you know, free markets and capitalism that's robust and came back from this, it's the idea of a multi-ethnic society, of religious freedom, freedom of the press, checks and balances, all of those things

were under attack dthat day fro the outside. we need to be especially careful these days of preserving it inside as well. neil: i'm joined by florida senator rick scott. good to have you, sir. thank you for taking the time. i'm reminded how briefly, touching on john's point, everyone got along. i can remember that famous scene, democrats and republicans holding hands singing outside the capitol and sending a message, whatever our differences, we are united as americans. haven't seen a lot of that since. what do you think? >> well, i have been up here eight months and that's not the way it works up here right now. i was in new york city the day 9/11, and your heart still goes out. i was there on monday morning. we did a hearing at the newseum. your heart goes out to all the families impacted. thank god we have first responders that did everything necessi they could to save lives. thanks thank god we have the military to defend the freedom of this country. this place is pretty dysfunctional right now. neil: maybe adding to the

dysfunction, another reminder of it, all this hullabaloo over john bolton's departure. he says he left, president says he was fired. i guess the details don't matter as much as the fact that he's gone. what kind of person do you want to see replace him? >> first off, i enjoyed working with john bolton. he was very helpful to me. i'm a new senator. he's very focused on freedom and democracy in both venezuela and cuba. i have been talking to him about what's going on in hong kong. actually, i was supposed to meet with him about an hour or so after he left. so i want somebody that's very similar to john bolton, somebody that understands we have to defend the freedom of this country. on top of that, we have to do everything we can to promote freedom around the world which will help our freedom in this country. i want somebody very similar to john bolton. neil: while i have you here, we are getting news the president is considering a ban on all non-tobacco flavored vaping

products. first, do you think that's a good idea, secondly, does he have the power to do that? >> well, we have to look at exactly what he can do on his own, but i agree with him. i mean, this is addictive, it's hurting our kids. so i think we ought to be very aggressive at trying to stop this. neil: do you worry that you can, with the best of intentions, go too far on that? it's one thing to crack down on tobacco or high-priced drugs but you are taking the extra leap that goes beyond what might be a measured response. >> i think you always have to be careful, government's gotten too big, but these kids become addicted based on using flavored products like this is wrong. it shouldn't be happening. neil: all right. senator, thank you very much for taking the time. we wanted to make sure we squeezed in a chat ahead of the

president's comments we should be getting shortly because he's still talking. i promise you, we will share those remarks. it's all about the vaping issue that is onstensibly what he's talking about there but it grew into taking questions from reporters on everything from john bolton, yeah, i fired him, to the economy, yeah, it is still soaring, to possibly meeting with the leader of iran, yeah, i'm still open to it. so we do know, we got a two-minute warning so we will be robbed of a commercial. no, i love advertisements. keep at it. lindsey, on these other issues, the personnel issues, everyone who works for the president serves at his pleasure. he doesn't like you, whatever, it's not a fox alert. what is a fox alert is that so many come and in this administration. >> yeah. you're right. it's almost like a turnstile right now. we are in really rapidly. the president does need to score geopolitical victories. that's what everybody is saying.

that's the debate right now in washington. so what would be the next geopolitical victory? with bolton gone, would it be iran, north korea? remember john bolton, "wall street journal" wrote an op-ed before he was appointed into the administration, let's do a strike on north korea. he advocated for a military strike on iran. so that's the debate right now. what can the president get done. is it either of those, neither of those, is it just nafta 2.0. who knows. neil: what do you think? >> it's interesting how these things interact. we are trying to get at this trade deal with the chinese. the chinese are the great -- neil: he's very optimistic. >> let's hope it all works out. if it doesn't go well, will china put pressure on north korea, launch some rockets, needle that guy, or if we -- neil: you think they use that as a wedge? >> they might. neil: what do you think? >> the people in pyongyang listen to people in beijing. >> there's to reason to think they wouldn't or that they haven't.

it's a kind of facile state in one regard because the only country that's really doing open trade with korea, they get a lot of food and energy, so i wouldn't be surprised at all if that kind of -- neil: we shall see. might come up in this very discussion. here we go. reporter: [ inaudible ]. >> the talks with the taliban are dead. jeff? reporter: as follow-up on your statement with regard to mr. bolton, what led you to decide to part ways? >> so john is somebody that i actually got along with very well. he made some mistakes but he talked about the libyan model for kim jong-un. that was not a good statement to make. take a look at what happened with gadhafi. that was not a good statement to make. it set us back. frankly, he wanted to do things not necessarily tougher than me.

john's known as a tough guy. he's so tough, he got us into iraq. that's tough. but he's somebody that i actually had a very good relationship with but he wasn't getting along with people in the administration that i consider very important, and i hope we've left in good stead but maybe we haven't and maybe we have. i have to run the country the way we're running the country. we're doing very well. we're respected all over the world again. respected like we haven't been respected in many, many years. you look at iran, you look at so many of the things that are happening, iran wants to talk. they all want to talk. we are doing very well with china. and you probably saw the numbers that have come out and come out, some of them coming out just today but china's supply chain is breaking up, the supply chain of china which was this unbreakable powerful tool that they had is breaking up like a

toy because companies are moving out, and china wants to make a deal. let's see what happens. we have to make the right deal for this country. china's been taking out hundreds of billions of dollars a year out of our country and you know, i read -- i read papers like the "wall street journal." they don't have a clue. they haven't got a clue. they don't make any excuses for the fact that china has been literally ripping off the united states in the worst manner for so many years. $500 billion pouring out of the united states. and i hear people, i don't even know, do these people have any education on anything. it's common sense, maybe, more than anything else. but i look at some statements that are made from so many different people and you know, john wasn't in line with what we were doing. and actually, in some cases he thought it was too tough, what we were doing. mr. tough guy.

you know, you have to go into iraq. going into iraq was something that he felt very strongly about. so we're right now in for over $7 trillion into the middle east. i don't say it was his decision. you had a president and you had other people also but he was very out there, i can tell you. and wanting to have them do it and i disagreed with that decision from the beginning, even though he was a civilian so nobody cared. but i was out there, i was outspoken about it. i thought it was a terrible mistake. here we are many many years later, decades later, we're still there and we've been acting as policemen. i will tell you one thing, we are hitting the taliban right now harder than they've ever been hit, and what they did was horrible. they killed a great american soldier. when they killed 12 people, innocent people, essentially innocent people because if you look, i mean, many of these people were civilians. you also had a nato soldier in addition to our great soldier.

but when they did what they did in order to create what they thought was a better negotiating stance, i said that's the end of that. get them out. i don't want anything to do with them. they have been hit very hard. i know for a fact they said that was a big mistake that they made and it was. but that was my decision. and what we're doing now is my decision. so we have a lot of great people who want that position. a lot of great people want a lot of positions. they want to be part of this administration. we've done more in this administration in less than three years than i believe any president, you look at the accomplishments, even today what we're doing. you look at what we're doing today, these are big things. nobody else would be doing this. they're big things. but we've done more than any administration probably in the history of the country. you just look at one point after another point, whether it's regulation cuts, whether it's tax cuts, you look at right to

try with these two gentlemen, so important, right to try, where people are able to use some of the incredible innovations that we've developed. with the greatest labs and the greatest doctors in the world, and they can use them instead of being forced to move and leave to other countries that don't have a clue compared to us. now they have right to try and by the way, a lot of people are being saved. lot of great things are happening with right to try. but what we've done for the vets, what we've done for our great military, we're spending this year $718 billion. and by the way, that's also jobs. secondarily, but it's also jobs. nobody's done what we've done. and we're very honored to have done it. we're in a very good footing. our country is respected again. reporter: what are you prepared to do on guns? >> five people want it very much. i mean, a lot more than that.

would like to have it. but there are five people i consider very highly qualified, good people i've gotten to know them over the last three years, and we'll be announcing somebody next week but we have some very highly qualified people. but we were set back very badly when john bolton talked about the libyan model. he made a mistake. as soon as he mentioned that, the libyan model, what a disaster. take a look at what happened to gadhafi with the libyan model. and he's using that to make a deal with north korea? and i don't blame kim jong-un for what he said after that. and he wanted nothing to do with john bolton. that's not a question of being tough. that's a question of being not smart, to say something like that. so i wish john the best. we actually got along very well. i'm sure he'll do whatever he can do, you know, to spin it his way. john came to see me the night before, in fact, i think a lot

of you people were out there waiting for me to get on the helicopter. i'm sure you have a shot somewhere along the line. and he sat right in that chair. and i told him john, you have too many people you're not getting along with people and a lost us, including me, disagree with some of your tactics and some of your ideas, and i wish you well but i'd like you to submit your resignation and he did that. and i really, i know he's going to do well. i hope he's going to do well. i wish him well. reporter: what are you prepared to do on guns, on background checks? what are you prepared to announce? >> so i just spoke with senator toomey and senator murphy and joe manchin, senator joe manchin. spent a long talk with them just before this meeting and we are working very very hard together, all of us, and seeing if we can come up with something that's acceptable to everybody. it's a subject that's been going on for decades. decades, we have been talking about it. so we're looking at background

checks and we're looking at putting everything together in a unified way so that we can have something that's meaningful. at the same time all of us want to protect our great second amendment. very important to all of us. so we are now in meetings. the meetings are going tonight. i'm going to speak with them again tomorrow. and i think progress is being made. i hope so. reporter: are you willing to put background checks on all private gun sales? >> we're going to take a look at a lot of different things. we'll be reporting back in a fairly short period of time. there are a lot of things under discussion. some things will never happen and some things can really very much -- very meaningful things can happen. it's really gun sense, if you think about it. what we're looking at is maybe that's what we should call it, the gun sense bill. but we will have some -- we're having great dialogue. we'll see what happens. reporter: did you tell your chief of staff to have noaa disavow those forecasters who

said that alabama was not in the path of the storm? >> no, i never did that. i never did that. that's a whole hoax by the fake news media where they talk about the hurricane and when they talk about florida and they talk about alabama. that's just fake news. it was right from the beginning, it was a fake story. while we're here and while we're talking about that, i want to congratulate dan bishop last night on an incredible win. dan was 17 points behind three weeks ago, the media thought he was going to lose. they were all set to have a big celebration with their partners from the democrat party, and dan bishop worked really hard and i worked very hard with him and he made up a 17-point lead in a few weeks. he won a great election last night and also greg murphy, who nobody is even reporting, but greg murphy won a great congressional election in north carolina last night. and i want to congratulate

between dan and greg, what a job they did. we picked up two seats and greg was, you know, anticipated to win by two or three points, maybe less, but two or three points and he won by many many points. i don't know what the final tab is. but he won by a lot. he campaigned brilliantly and dan campaigned brilliantly so we're very happy about that. that's a tremendous win for the republican party. okay? reporter: mr. president -- reporter: now that john bolton is gone, does your policy change? are you open to meeting -- >> we have a policy as well that's a firm policy. but venezuela is really hurting and we're trying to help people in a humanitarian way. that's probably not good in terms of crushing a terrible regime, but you have people dying. this is a country that 15 years ago was one of the wealthiest countries and now it's dying.

they don't have water, they don't have food, they don't have medical, they have nothing. we're trying to help this as much as we can. we're also working with colom a colombia, the leader of colombia is a friend of mine and he's doing a really good job. i can tell you that. we're working with colombia, we're working with brazil, we're working with other countries on a humanitarian basis. venezuela's in very sad shape. that shows you about socialism. i mean, that shows you what happens. you take a country that was so wealthy 15 years ago and today, they don't have water, and they don't have basic food. so we'll see what happens. no, i disagreed with john bolton on his attitudes on venezuela. i thought he was way out of line. i think i have proven to be right. but we are always watching venezuela very very closely. reporter: would you be open to meeting maduro? >> i don't want to talk about that. reporter: mr. president, about your announcement today, are

there concerns that the companies making the products will be unfairly by taking these products off the market? >> they have become very rich companies very fast and the whole thing with vaping is -- it's been very profitable and i want companies, look, you know that, i fight for companies very hard, that's why i'm fighting with china, that's why i'm fighting with other countries. if you look at european union and if you look at japan and if you look at so many others, including south korea, many others, we're constantly dealing with them to make it good for our companies because i view it as jobs. i view it as income for our country and jobs. vaping has become a very big business, as i understand it, like a giant business in a very short period of time. but we can't allow people to get sick and we can't have our youth be so affected. i'm hearing that's how the first lady got involved, she's got a son together that is a beautiful

young man and she feels very very strongly about it. she's seen it, we're both reading it, lot of people are reading it, but people are dying from vaping. we're looking at it very closely. you know, if nothing else, this is a conference that's going to let people know about it because people are going to watch what we're saying and parents are going to be a lot tougher with respect to their children. lot of people think vaping is wonderful, it's great. it's really not wonderful. that's one thing i think we can say definitely, commissioner. it's not a wonderful thing. it's got big problems. we have to find out the extent of the problem. it's so new. it's so new. but we're going to find out. i hope that parents that, you know, they have children and the children are a certain age, i hope they are going to be able to make wise decisions, maybe based on what we're saying today. but the commissioner and alex azar will be coming back over the next short period of time, couple of weeks, with some very strong recommendations.

reporter: can you tell us what the timeline is for taking those flavors off the market? >> no. >> it will take several weeks for us to put out the final guidance that would announce all the parameters around the enforcement policy, then there will likely be about a 30-day delayed effective date as is customary with fda good guidance practices. at that point, all flavored-cigarettes other than tobacco flavored would have to be removed from the market. tobacco flavored e-cigarettes, their manufacturers would by may 2020 have to file for approval by fda of their products. the other flavored product manufacturers can at any time also file, but they would be off the market until approved by fda. the obama administration had allowed these products to go on to the market in an unregulated way by delaying any enforcement. it's a hoax that people who are using combustible tobacco would

transition to a less harmful form of nicotine delivery through e-cigarettes. what we've seen is the data shows that kids are getting access to these products in spite of our best efforts at retail enforcement, at controlling locations, at over 8,000 warning letters to retailers and others, in spite of moving products off shelves, they have been going at it so we simply have to remove these attractive flavored products from the marketplace until they secure fda approval, if they can. reporter: mr. president, are you looking at arranging a meeting with iranian president rouhani? >> i'm not looking at anything. iran is a different country than it was two and a half years ago. two and a half years ago they were given a lot of money by president obama, $150 billion, $1.8 billion in cash, in actual cash. very impressive. but they are much different

country right now than they were two and a half years ago when i came into office. i do believe they would like to make a deal. if they do, that's great. if they don't, that's great, too. but they have tremendous financial difficulty and the sanctions are tougher and tougher. we cannot let iran have a nuclear weapon and they never will have a nuclear weapon and if they are thinking about enrichment, they can forget about it, because it's going to be very dangerous for them to enrich. very very dangerous. okay? reporter: do you want to meet with him or no? >> you can spread the word to iran. reporter: would you consider easing sanctions to let them, to make a meeting happen? >> we'll see what happens. we'll see what happens. i think iran has potential and i think north korea, those are two countries we're dealing with right now at a very high level, i think iran has a tremendous, tremendous potential. they're incredible people. we're not looking for regime change. we hope that we can make a deal

and if we can't make a deal, that's fine, too. okay? that's fine, too. but i think they have to make a deal. they've never been under this condition. by the way, china is having the worst year they've had now in 57 years. okay. 57. it was 27, it was 22, then 27. it's 57 years, the worst year they've had. it's only going to get worse. i think they want to make a deal, too. we're dealing with them. i think they want to make a deal. they're coming in sometime in early october and we're speaking to them constantly. they also, they made a couple of moves last night that were pretty good. you saw that, right? they were pretty good. reporter: what moves? >> they were pretty respectful to our people. you're going to see it because you were one of the people that reported it. your group. but china is about having to do with tariffs. they took tariffs off certain things. lot of things. reporter: you're happy about that? >> i think they did the right

thing. i think it was good for them. but they took them off. yeah, i think it was -- i think it was a gesture. okay? it was a big move. people were shocked. i wasn't shocked. but i deal with them and i know them and i like them and i hope we can do something. with respect to iran, i think they have to do something because they have potential and they have an unbelievably great country but the way it's going right now, it's disintegrating i don't think they should allow that to happen. north korea has tremendous potential. north korea is in between russia, china and south korea. it's an incredible, incredible people. i think that they really will -- they have this truly unbelievable potential and i think they want to get to it. we'll see what happens. maybe they do and maybe they don't. you're just going to just see. but i really believe that north korea would like to see something tremendous happen. this could be one of the most un

blooef unbelievable -- if you look at a country in terms of upside, this could be one of the most unbelievable experiments ever, north korea. and i also say the same with iran. iran can get back to business, they can do unbelievably well with all of the natural things. so just to finish, this is all about vaping, this is a meeting that gets off a little track because you ask us questions about other things and i think we're better off answering them than not, but we are looking at vaping very strongly. it's very dangerous. children have died, people have died. and the acting commissioner is somebody that's a true expert on it as much as you can be an expert on a brand new subject, and we're going to have some very strong rules, regulations and more importantly, i think we're going to have some very important information come out very shortly. okay? we'll be reporting that over the next couple of weeks.

i want to thank you and commissioner, i want to thank you very much. okay? thank you very much. thank you, everybody. neil: all right. you have been listening to the president of the united states. he made a lot of news on things. one of the reasons why the markets might have been pushed up a little bit more is his confident talk about the china trade talks and the concessions they made, lifting some additional items on tariffs that affected everything from food and some lubricants to a number of cancer drug and related treatments. he also again reinforced the notion that he fired john bolton but the big issue that was made, you might have noticed the u.s. health and human services secretary azar in the room there, was what he plans to do on this vaping issue that has killed six teenagers over the last couple of months here. he's going to take several weeks for the fda to develop an e-cigarette guideline that will

call into question whether kids that young can get them to begin with. he's calling for certain attractive vaping flavors that would be removed from the market until they can get fda approval outright. also said this would require that any flavored e-cigarettes except tobacco flavored, be removed from the market until they secure fda approval. so this is a little more widespread than earlier thought. the industry has yet to respond to this, saying at this point that it might be a case of overkill, a lot of spokesmen saying that targeting them for this wrath is unnecessary. the president saying he has no choice given, as his health secretary said, a huge spike in youth use of some of these flavored cigarettes, vaping products, including the mint menthol variety that apparently are favored with teenagers. we shall see. the impact on all of this on a breaking news day that's coming fast and furious.

our panel is back with us. john, first of all, on the vaping thing and going after them, i'm not sure how far the president can go. he can strongly advise the fda to take action on something. this could be pretty sweeping here. what do you make of it? >> didn't you feel that? it felt like it had gotten momentum, regulations on the way, additional scrutiny on the way, even those tobacco products that they seem to be making a quasi-exception for are going to fall under scrutiny. for the vaping industry, this is all very bad news. for the health of the consumer, it's probably overdue, it sounds like. but this does now seem to have momentum, where it's headed into sort of a heavily regulated environment. neil: his argument is it kills

kids. we've got to do something about this. but it is a potentially slippery slope, is it not? >> absolutely. i don't know where we get this idea that only children like flavored products. neil: very good point. >> i love cherry flavor. if this pencil were made out of cherry flavor i would probably gobble it now. a lot of adults like mint flavor. neil: he does seem to draw a line between adults purchasing this but he is pulling all those products off. >> which is ridiculous. he did say something i have not heard in this discussion at all, more or less parents have to be tougher with their kids. how about having the parents regulate their kids and say john, if you have that in your backpack you're in big trouble. do parents play any role at all? or do we rush to washington and get the bureaucrats involved at the earliest opportunity? i think we ought to do something about limiting children having access to these products but if adults want to enjoy bubblegum flavored vaping products, if you are over 21, you ought to be able to do that. neil: what do you think? >> well, what's interesting is the states are moving.

delaware may ban it. michigan has banned it. do you want a patchwork of state regulations or a federal rule? that's the age-old debate. the problem with e-cigarettes and these vaping court ridartri they are unregulated. there was talk about vaping vitamins at one point, weight loss drugs, you can vape them, too. stories out of japan, you can vape viagrviagra. neil: you can vape viagra? >> yes, it's dodge city right now. nobody knows what's in those cartridges. it's an interesting hinge point for the industry. neil: you know, i'm the one stepping back and taking this leap so forgive me, but this has not been a good time for free commerce. you think of whatever the attack line the state ags have going after facebook or now launching a potential probe of the ftc into amazon or fingering some of these other guys that maybe have gotten too big for their britches coupled with this attack point on the vaping product makers, it is unusual.

>> happening on both sides, right? neil: on both sides. >> a period of deregulation which is true, you know, methane emerging from fracking pipes, a re-think of regulations over that, but you know, the ags' attack on big tech, the states' attack on big tech which happened with california, setting its own privacy standards, in part, is being led by -- is only going to be accelerated by the fact that europe is out ahead on this. and that what you're seeing happen -- neil: in which way? >> in terms of regulating -- neil: leading the charge. they were the first to go after facebook. >> on antitrust issues. neil: google, i'm sorry. google. >> so the big one here, what's being done by the attorney general's office, looking at the big tech companies, is really striking and it is probably going to, we are going to probably see a take on the complexion of some of the steps

that have already been taken in europe. neil: what do you think on that? the president was quick to point out in case you think i'm clamping down on industry, i'm all for free commerce and profitability. he did remind why maybe the markets ignore all that other stuff he's talking about, e-cigarettes and all the rest, the chinese have rolled back planned tariffs on a lot of american livestock, other food, lubricants, et cetera, and some ingredients that are very popular. but it's their offer. seemed to say this is their overture to us. and i like what i see. >> they seem to be offering us a number of olive branches. neil: haven't they promised stuff before? >> they have. neil: agricultural products? >> it's gone back and forth. right now it looks positive. let's hope it stays that way. that is pushing up the markets a little. if we get a deal, i think the market takes off. neil: you're right. up 147 points right now within, what would it be, 300 points of an all-time high?

these numbers are ingrained in our head. do you think, though, it's just a matter of time this backdrop here, all the political drama and theater notwithstanding, it's good for the markets? >> in terms of getting a deal? neil: in terms of making more money. >> the options traders make a lot of money off the president's tweets and anything about -- neil: there's an index for that. >> yeah. jpmorgan right now. you know, let me back up. what's striking to me is what m hearing out of hedge fund guys like kyle bass or the pros on wall street, they really feel china is the big currency crisis. china needs to step up. china without its own support of its currency, that currency would crater by 40%. that's what kyle thinks. i think a deal will happen. i do think it's going to come. >> but what type of deal? neil: what kind of deal? >> it doesn't look like that's happening. you put on tariffs, then rachet back 5% or put it on these products and take it off those

products and the markets go up. at the root of this is the effort by the united states to get china to chae the way that its economy operates. no more theft of intellectual property, no more transfer, no more state subsidies. all of that. neil: you don't get that, it's not really a deal. thank you very much. we will have a lot more on this. apple, by the way, is a trillion dollar company right now, first time in ten months. it is having a significant impact on the dow itself. up about 141 points. stay with us. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

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neil: by the way, a clarification from blake burman on this fda crackdown, what they want a crackdown on e-cigarettes. they can considering menthol as flavored, flavored as menthol. so anything like that, that would be included in products that health and human services alex azar is going to call for banning. it's a little more sweeping than we earlier said. i apologize for that confusion.

meantime, we have charlie gasparino with breaking news. >> you know, we should point out a year ago, in october, will be the anniversary of the assassination of jamal khashoggi, the saudi dissident journalist. on the one-year anniversary of that, it looks like the main company controlled by the royal family which lot of people said had something to do with that murder is rolling out a massive ipo, maybe one of the biggest paydays wall street has seen in years, called saudi aramco, their oil company, but they will issue stock to diversify it and put the saudi arabian economy much more in terms of tech and other issues than just oil-based and wall street will play a major part in that. what we understand is that they have alerted the wall street firms they have selected to underwrite this massive deal. what we understand is that the firms are each vying for a bigger piece of the pie.

the biggest piece of this very big pie, from what we understand, will go to jpmorgan as the top underwriter. the other firms that are sort of vying for other pieces, maybe get as close as they can to jpmorgan, is goldman sachs, morgan stanley and citigroup. there's going to be a lot of banks, maybe every bank will be involved in this. goldman, bank of america, jpmorgan, credit suisse, morgan stanley. again, wall street doesn't seem to care that a year after the assassination of khashoggi that the company, you know, the sort of wealth arm of the saudi royal family is coming to market. they are underwriting the deal. it will be one of the biggest paydays they had in a long time and it will come in the next couple weeks. we will find out more. i want to switch topics a little bit about your last segment on china and their ability to cut a trade deal. i will tell you this. take it for what it's worth, i met with senior chinese government officials who, if you

talk off camera i will tell you exactly who they are, these are people i can name, they are in the chinese government, in diplomatic positions, and i asked them about this trade deal last night. it sounds like we're not that close. it sounds like, listen, they look at it this way. they have 20 million people that are in poverty. nothing is going to stop them from trying to get those 20 million people out. they look at any sort of attempt by the trump administration to put a gun to their head as, you know, western colonialists telling them what to do. i don't think it's going to happen based on what came out of these guys' mouths last night. these were senior people. take it for what it's worth. maybe there will be a small compromise. the people i spoke with last night said, you know, they're not compromising from their main goals which is to move forward and not be deterred by any sort of provocative actions from the trump administration. at least that's what they told me. neil: all right. thank you very much. charlie gasparino.

we are going to talk to peter navarro about this, the president's trade point guy, and maybe get a sense from him what that really means and what that promise really means and exactly what the chinese are conceding, if anything. that's at 4:00 p.m. on fox news channel. more after this. the world is built for you. so why isn't it all about you when it comes to your money? so. what's on your mind? we are a 97-year-old firm built for right now. edward jones. it's time for investing to feel individual.

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neil: all right. apple, the story of the day. it is a trillion dollar plus company. it hasn't been there in about ten months right now, but things have changed with the appetite for the company and the offerings that were announced yesterday, and the things tim cook had to say on china, still a valuable market, getting even more so in the future. to constellation research ceo ray wang on all these developments.

i do want to touch on some of these announcements but i did find it intriguing tim cook repeatedly talked about how apple has been able to absorb a lot of the trade body blows and the costs associated with them. in other words, eat some of these tariffs because they can. obviously, there's been a very favorable marth responket respo that. what do you think? >> yeah, you know what's happening is the ram costs have dropped, the chip costs have dropped so they can afford to do some of these things. you saw the price point. $699 for the iphone 11. people were shocked. they thought it would be a hundred dollars higher. people were shocked the price points were $4.99 for arcade and for the apple tv plus. they were expecting $7.99, $9.99. obviously i think they realize the price sensitivity was an important factor for them. neil: this is unheard of for this company. i think steve jobs, when he was alive and running things, he liked to keep the cream of the crop and paid a premium because that's just what you did, right? >> it is. it is.

now, if there was no china trade overhang we actually think the stock would be up $20 to $25 from where it is today. that's the other piece. because that plus the nationalism that's going on in china right now, iphones are kind of seen as oh, my god, you got an american device. there's a little bit of that factor going on as well. neil: my panel is very eager to follow up on what you're saying. john bussey is with the "wall street journal." >> talk about the tv offering and how that might have affected the stock today. this is kind of interesting. they have a big distribution network through the iphone, they are offering the service, if you buy an iphone you get it free for a year. but it's a pretty limited amount of content they are going to have on that channel. >> that's a great point. i think part of the problem is everybody thought it was going to be either apple tv or netflix. it's an and strategy, right? use the apple tv, use netflix, use apple tv plus, you might subscribe to disney plus as well. a $4.99 price point makes a lot of sense, especially for that content. here's the kicker.

there's a billion iphones out there and then a couple hundred million other devices on ios, that's the number people are really looking at. how much more services can i add. we can do the arcade, the apple card, are you going to do it with, you know, apple plus, tv plus? i mean, all these services are going to add up for them. i think that's really about mining the install base. >> i'm wondering, in the last couple days we learned that apple is in the capital markets borrowing money, yet they have something like i believe it's $200 billion or so in cash. why would they be borrowing money when they have all that money sitting in the vaults? >> we are seeing that with a lot of firms right now. it's between dividends, buy-backs or shall we take out and go the markets for bond offering. i think you are going to see a lot of folks are doing that in preparation for acquisitions or for what might be credit facilities that they think are going to be much more favorable to them in the next 12 to 18 months.

>> ray, d-mac here, what is the threshold, the significance to the consumers, what's the threshold for how many streaming accounts they can tolerate? you know, some say i will go home, look at netflix and amazon and i can't handle an extra account, it's too much. what do you think? >> i think it's going to be three, and you might do it on your roku, on your apple tv, and you might say look, check out apple tv plus, i really like that new show they've got on there, plus i'm going to keep my amazon because i'm on amazon prime and maybe i will do netflix. but i don't think you can handle more than three right now. neil: a lot of these services, ray, i hate to jump on you, my friend, but the break comes whether you're yapping or not. thank you very much for this. apple up on all of this, it's a trillion dollar company on all of this right now. wall street and the corner of wall and broad celebrating with the dow up 134 points. stay with us. we trust usaa more than any other company out there. they give us excellent customer service, every time. our 18 year old was in an accident.

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neil: we've been talking about the dow 1 1/2 points of the record high. s&p 1% from the record high. as optimism prevails on trade, now apple. now a trillion dollar concern, on lots of stuff. if only you had been listening to charles payne who was telling you that when we were in the middle of free fall. he is here. charles: neil, appreciate it as usual. good afternoon, everyone, this really is "making money." stocks are indeed higher. several dynamics add buzz to trading, investor resolve, rotation into oversole names, meanwhile i continue to see at a stock market hinting at positive news on the trade front as u.s. and chinese officials will meet in just a month from now. the jig is up in california. the senate there passing a bill that could have a huge impact on freelance working companies like uber and lyft. we'll discuss the economics and political ramifications. remembering the 9/11 attacks, 18 years later. i attended the memorial service