ut! with kardia, you can email your ekg directly to them or send it to a cardiologist for review. kardia can do all that? all that and then some, greg! kardia also gives you access to heart health reports and automatic ekg sharing. what next? let's get some fresh air. been cooped up for too long. yeah... ♪ kardia mobile card is available for just $99. get yours at kardia.com or amazon. neil: all right, fox on top of the tail of two storms of course , you know the one on the right, ian right now barrel ing toward florida, could hit florida at least on the west coast we're told sometime around wednesday, where it could be as high as a category four storm right now about a category one storm, and it has open and free clearance to pick-up a lot of strength in the days to follow, so we're keeping an eye on that. also keeping an eye right now happening at the corner of wall and broad, where the dow and

this has happened several times over the last two days, is within negative territory, but within bear market territory as well. we just escaped it usually as we did on friday, but the fact of the matter is that this continues to be a big issue here, and it's buffeting a lot of stocks that would feel the pinch of a recession that takes hold. speaking of which, and whether we're in a recession or not, the typical view you hear from economists is that it's two back to back negative quarters but there is also another way to look at it, if people are telling you they are in a recession don't argue with them, because if they feel it, they are and trying to dismiss their concerns, generally not good. edward lawrence at the white house, and how the president is trying to grapple with that, by not addressing that. at least directly. edward? reporter: yeah, exactly, neil, and the president is in a political pickle here. he's been lowering expectations for months now, saying that there's going to be transition to steady growth but they will not define exactly what that stable steady growth looks like,

so i asked the president about the feds projections. listen. >> they projected the economy would grow at just .2% this year and 1.2% next year which is pretty slow growth and i'm just curious is this the stable growth that you're talking about >> so, i mean, i talked about this a little bit already, how we're coming off of last year's historic economic growth a lot of that is because of the work of this president so given the encouraging initial signs we have seen on inflation and the continued strength of growth in the job market, so we believe in the transition remains possible. we believe that we will get to a strong and stable growth. reporter: and americans might be a little less optimistic. a new abc washington post poll shows 74% of people believe the state of the economy is not so good or poor. the poll goes on to say that more than half of the people in the u.s. trust republicans to handle the economy and inflation just 37 and 35% respectively say

they trust democrats. now a former white house economic advisor under former president donald trump told you earlier, tax cuts and reduced government spending will help the fed fight inflation. >> as of right now the fed is going alone. it's rowing with one ore. fiscal policy is in denial and actually going in the wrong direction with say the student debt forgiveness, so in the u.s. , you know, we're not anywhere close. reporter: but the white house press secretary saying that they are seeing encouraging signs on inflation, and they expect the transition is still possible neil? neil: all right, thank you very much for that, edward lawrence with the developments at the white house here. the big issue right now for the markets is that we are in bear market territory for the dow jones industrial average following the likes of the s&p, nasdaq, keep in mind that technology-rich index has been chopped by a third from where we were at the beginning of the year and that chopping continues today. lauren simonetti following all of this. lauren? lauren: the nasdaq was up

earlier but it was a choppy session and now decisively lower , neil, following two weeks of pretty steep losses juiced by fears that the fed will continue to hike interest rates even if that causes pain for the state of the u.s. economy. that view is somewhat softened earlier by the maiden public speech of the boston fed president and voting member for this year, susan collins, she said recession was not inevitable. doesn't seem like the markets believe her. the dow is down as you noted it is back in bear market territory , which it did hit on friday. the nasdaq was in the green, investors started looking for tech bargains this sector has been hit so hard, and you can see there is green among those big tech players like apple, up half of 1%, amazon up 1.5% today, but look, certainly this sector not out of the woods either. the next catalyst for stocks, neil, comes mid-october with third quarter earnings season. that's when corporate executives will start quantifying the

impact of higher rates on their businesses, and ahead of that we get the latest data on how businesses doing, new home sales tomorrow, same for durable goods and consumer confidence, and then the final read on how fast or slow the economy grew in the second quarter, that comes on thursday. expect that to confirm two consecutive quarters of negative growth. yes, that is a technical recession, and that's what's hitting oil prices today. look at this , down another 2%, west texas is at 77 and change, that's a fear of a drop in demand that comes with recession , if not worldwide recession. brent crude is trading around $85 a barrel today and then take a look at the british pound. it hit an all-time low versus the u.s. dollar, very close to parity as you look at what the bank of england is doing and what government is doing, often at odds with one another, right? there is talk that there might be an emergency rate hike by the bank of england so they can

quell inflation. at the same time lots of tax cuts to spur growth. neil? neil: yeah, they are in a pickle there. nothing seems to work so we'll follow it closely lauren thank you very very much, lauren simonetti on all of that. so where are we going here? the administration as i keep insisting here does not like to focus on the markets, that his predecessor, that is donald trump, focused too much on them, and besides, the president likes to stay focused on main street, not just wall street but as brian the college of business and economics professor oftentimes wall street is main street and right now, you know, brian, it's a very good point, because a lot of pension funds, public and otherwise, are finding out the hard way that what happens on wall street has a direct impact for teachers and firemen and policemen, all of whom have their savings locked up in these plans that are getting decimated. what do you think? >> yeah, a lot of people on main street right now saying we could use some good news on wall street. there's not this big bifurcation in the country.

the president loves to talk about that. main street versus wall street, but right now, main street is invested and they're saying i'm not getting good returns i'm getting nervous about where my portfolio is going, and they are looking at their other assets like their housing assets and they are saying when is that going to start to fall? interest rates are way up. we're starting to hear news about prices moderating and leveling off, so you look around this economy everywhere you look , you're trying to find some good news here, and the administration want to lean on-the-job market as good news, but now you've got a lot of companies talking about hiring freezes and layoffs, so this is getting pretty sticky, and the markets are simply saying the fed blew it on calling inflation. we don't think we trust them on getting us out of inflation. that's a problem. neil: what did you think of what jamie dimon was saying last week on capitol hill, that if you're going to spend $6 trillion, pointing to his questioners first announced in the house and then the senate you can't help but not believe that it's going

to be inflationary, and that that complicates further what the federal reserve is trying to do to sort of unload all of these treasury notes and bonds, and then the government spent $6 trillion and they have to make more treasury notes and bonds to finance that. it gets complicated. >> you don't have to run a major bank in america to understand how we got in this situation. what perplexed me about that, neil, wasn't so much what dimon said. i think he was mostly on the money. it was these congressmen and congresswoman giving these questions to him and telling people to pull their deposits out of jen psaki or other banks what are we doing here, folks? we're in the middle of a very serious economic problem, you know, could become worse and you look at congress and what people are saying in congress, and you think they don't have a clue what's happening right now. that's where all this confidence is being taken out of the economy. you listen to the president. he won't admit we have an inflation shock. you listen to some of these key members of congress and they are

talking about people pulling money out of the banks. they can't even acknowledge economic reality. we need some leadership here, neil. we need somebody to step up and tell the truth, acknowledge the problem, and give people a sense that at least the folks in charge understand and right now they are acting like we aren't in it and that's probably the biggest problem of anything we face right now. neil: i always wonder looking at this , brian and you know economic cycles and to hear a lot of democrats say we're going through another one, it's not going to be as severe as the 70s , the backdrop is still a relatively strong jobs market, now that could change, but they say that it's media fixation with everything that's bad, but you know, when you go to the store, you don't need fixation to say all right eggs have doubled in price, milk has gone up. may i remind you my friend, that pepperoni has tripled but i digress. i think it almost dismisses americans to the point of just aggravating them to no end

because they just say what are you talking about? >> there's nobody i'm talking to who is concerned about their budget because they are watching financial tv and that's the reason that they are nervous they're concerned because every time they log on to buy something or go to the store, it seems like it's more expensive. look, you've got the d.c. wants to create the narrative right now and they are trying to get the focus off of inflation and off the economy and when it's there, they are trying to say it's a media-created thing but the fact is, and you said it , actually. i think grocery prices are the most important price to watch heading up to the mid-term , because that's something that families see everyday. they get really nervous about. you got growing kids who are eating more food off your table and you can't afford to put it on there in the first place. i think that's the price and we'll watch gasoline too. its come down a little bit but it's ticking backup again and we're living on the razor's edge with energy, neil. with hurricane season, with vladimir putin, any little thing could throw us back closer to

those $5 prices we saw, so you put those together, this is not about what people see on their television. it's about what they see in real life when they go places to buy the things they need. that's what's driving the sentiment and if the administration is not interested in fixing that, neil, they aren't interested in fixing anything, and i think people are going to have to fix it themselves and it's probably going to start at the ballot box neil: interesting to see how it all pans out. class dismissed, professor thank you for another riveting moment with everyone, the kings college business economics professor. he knows of what he speaks. all right in the meantime we know this much. we are in bear market territory with the dow with a 314 point drop-off today, in case you're counting here, the dow is off about 20% year-to-date, we've got the s&p 500 off better than 23%, nasdaq is down almost 31%. month-to-date losses averaging at a minimum 7% for the dow, all the way up to a little bit more than 8% for the nasdaq.

you know the drill. stocks are getting drilled.

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neil: all right, a female leader is nothing new, of course if you look back to israel or angela merkel in germany but it is unprecedented in italy where its never happened before, as a new conservative and i mean quite conservative government gets ready to take charge. amy kellogg in milan, italy with what's going on. amy? reporter: hi, neil. well there's a lot to parse in these election results. as you mentioned, the first female prime minister most likely we'll see georgia maloney take that job and also this government that's likely to come together said to be the farthest right, neil, here in italy since the days of musselini, and it also puts wind in the sales of other right parties in the rest of europe, like in sweden, where the right just nudged out the long-ruling center left, and in france, where marine lapen's party actually did really really well in legislative elections

over the summer, so, here we go. it does send chills down the spines of detractor s who worry about the nationalist nature of maloney's brothers of italy party and their strong emphasis on traditional family values, so who is georgia maloney? well she's alternately described as strident, she's 45 years old, incidentally a single mother, and she's been a party activist since she was very young, and so why italy's slide to the right and embrace of maloney right now i asked one rome-based political scientist who said that these are tough times, with energy prices soaring, a war on the continent, and conservatives have broader appeal in times of crisis bus maloney comes from the opposition so she's seen as a clean slate to many people's eyes. >> she's a woman, she comes from rome, she's quite popular in the sense that she's able to

connect with the popular side of italy. who needs protection now? reporter: markets have performed well today, neil, in italy. they've been up slightly. markets of course as you know like stability and it looks like italy will have a government soon. of course it still needs to be formed. it's set to be a coalition of other right politicians including ex-minister several times over, sylvia burleskoni. now finally, neil, there's been a lot of concern this nationalis t party will a, pull away from europe and b, be more sympathetic to russia because italy's right traditionally has been but maloney and the party have said very firmly that they plan to be on solidly on ukraine's side going forward, and that they have no interest in splitting with brussels. time will tell, neil. we'll all be watching. neil: indeed, amy thank you very much for that. i wonder what general jack keane thinks of all of this kind enough to join us. general a conservative government coming in very

conservative government almost back to the days of multiples but one that recognizes a good fight in ukraine is worth continuing to support ukraine. what do you make of this? >> well, i certainly agree with continued support of ukraine. we have a historic event taking place in europe. a major war inside of europe, with the future of security framework of europe at stake here, so yes. i think all the european governments should be supporting ukraine. it's in their national interest to do so, and some of them are reluctant players, as you well know, neil. neil: you were talking about it and on this before anyone was, general, there's a view that some of the old eastern european countries are very eager to help ukraine, continue helping ukraine, some of the established powers germany to a lesser degree france, not so much or eagerly. what do we make of that? >> well, right from the beginning, germany and france, they wanted a peace

agreement. they wanted to stop the war and go to negotiations which clearly was not in the national interest of ukraine, president zelenskyy stood from the outset, you know, he's not going to accept the fact that the russians not only control territory prior to the invasion but expanded their control of territory, and he wants it back, and he's fighting what seems to be a very capable, confident war to get it back, and the fact is france and germany have been reluctant here to really go all-in. meanwhile, the former soviet republics are pretty much all-in why? because they understand communism. they lived under it for decades, and they don't want any part of it. they see , quite frankly, i spoke to the director of the polish national security bureau who came to see me, kind of the equivalent to jake sullivan and he told me, general , we're giving the ukrainians tanks and fighting vehicles from our operational units.

in other words, we don't have that capability anymore in some of our units and the reason we're doing that is we're now fighting the war we thought we would fight against the russians , but the ukrainians are doing it for us, i don't have polish soldiers there, so i'm going to give them as much equipment as i possibly can and accept the risk associated with it. we want the russian army defeated in ukraine, and i think that is absolutely the right attitude. neil: you know, general, this demand on the part of vladimir putin to call it 300,000 reserves on top of 137,000 soldiers prior to that, and all of these reserves being called up who are heading to the border, it's almost like it's vietnam right now where they are saying no, no, we aren't going to do this and the protests popping up all over russia, is putin losing support back home? >> well, he's losing the war, and he's taking some political risk here, certainly. he knew from the outset that if he wasn't able to achieve his

initial objective, topple the government in kyiv, that he overtime, the amount of people he had committed to the war is an imbalance against the ukrainians and the numbers speak for themselves. he committed somewhere in the neighborhood of 180,000 to 200,000 to prosecute this war and he's brought other people in as he's taking casualties to be sure but that's about where they started. well the ukrainians are north of 700,000, and the fact is, putin took 25,000 killed estimated, and 65,000 wounded estimated. that is staggering out of a force of 180 to 200,000, so there's a huge personal imbalance here and he's trying to correct it. he's got equipment, the ukrainians don't. the ukrainians got to go get equipment from others. putin has got plenty of stock pile equipment he can give his people but he needs more people in there but look, i think what's going to show up physically unfit, medically

unfit, psych logically and emotionally and not wanting any part of this war, in other words a very low will to fight pretty much what's going on right now with the force he has committed, but we can't be dismissive of another 300,000 or even greater , i think, is what they're doing because they are forcing, we can't just dismiss that out of hand, because quantity has a quality all of its own, and there's a lot of tasks he can give these additional soldiers to do that now combat experience soldiers are doing to free them up. we at the institute for the study of war look at this and we don't believe this additional force will be decisive in terms of putin being able to achieve a victory here, but likely they are going to have some positive impact. neil: all right, general, thank you very much. a lot to sort of digest there and to see where vladimir putin goes from here, because he is running into a buzz saw of criticism from his own people on

this. we'll keep monitoring that also monitoring hurricane ian, expected to be a doosey of a storm heading up likely along the west coast of florida we're hearing from governor desantis but the whole state is under this emergency hurricane watch, and there are millions more in florida now who weren't there at the time of the last hurricane, and they are new at this and they don't know how to prepare for it. that could complicate things, after this. like many families, the auburns value time spent together. to share wisdom... i got some of my gold before i came to this country. i got some of my gold before you passed the bread. encourage one another... i can buy gold for this?! you can buy gold for this. and talk about life's wins and misses. responsibly sourced like my gold but not responsibly cooked. because at the end of the day, nothing keeps it all together quite like - gold.

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>> expect heavy rains, strong winds, flash flooding, storm surge, and even isolated tornado es. make preparations now, and i know a lot of people have been doing it throughout the state of florida. anticipate particularly the closer you are to where the eye of the storm makes landfall, anticipate power

outages. that is something that is likely to happen with a hurricane of this magnitude. neil: all right, governor ron desantis urging floridians don't take any chances the whole state is under this hurricane watch right now, and a lot of people are new at this because millions have been added to the florida citizen roles over just the last couple of years. max gordon joins us in st. petersburg, florida, fox news weather reporter, on what he's seeing there. what can you tell us, my friend? reporter: neil, well, it's kind of a surreal scene where we are right now. on one hand at this hotel we're staying, folks are out in the pool, we've got folks enjoying the bar, but then hotel workers are stacking up boards, getting ready to cover the windows as this hurricane bears down on the west coast of florida. we're also seeing some mandatory evacuation orders coming out. here in pin ill las county we haven't seen those just yet but they are expected later on but near tampa, in hillsboro county we are seeing mandatory evacuations near the water and some voluntary evacuations

coming down from elsewhere. now, preparations here are well underway. florida governor ron desantis called up 5,000 florida national guard troops with 2,000 other national guard troops called in from other parts of the country. fuel shortages are a big concern for folks here, but governor desantis says that stations are constantly being resupreme court played and there's no need to panic by. the governor says restoring power and fuel supplies will be a top priority after the storm. schools here in pinellas county will be closed starting tomorrow and some schools will be used as shelters as the storm bears down folks are getting boats out of the water filling up sand bag s to protect their homes and boarding up windows. we talked to one people nearby applying a protective sheet to their windows and they said they lived in their house for decades , have never had a hurricane hit and they don't know where they are going but told us they will likely be getting out. >> where are we going to go and what are we going to do? big question mark. never have we had the idea of what are we going to do, so i'm a planner. i taught 38 years, so i plan.

reporter: emergency officials say it's important that folks heed those evacuation orders because even first responders are going to have to get out at some point. that means for people who decide to weather the storm, there will be no help. neil? back to you. neil: max, be safe, thank you very much, max gordon. jason frazier is back with us, fox weather methodology rolfe o gist. what are we looking at right here? >> right now ian has max winds at about 80 miles per hour but neil the big concern i have with storms like this is the fact that people do not heed what their local authorities have been saying all along. governor ron desantis, he brought this up, make sure that you listen to the local official s, and right now, i want to show you some graphics that we have from our weather team here and i want to show you exactly where ian is right now. it has max winds at about 80 miles per hour. it is sitting about 240 miles southeast of the western tip of cuba, and over the next 24 hours , we are anticipating what

we call rapid intensification. this is going to continue to move northwar, when we talk about rapid intensification, we are talking about seeing those winds increase by at least 35 miles per hour, within 24 hours, and as you can see right there, that cone of uncertainty has that potentially hitting places like alabama, or i should say atlanta, as well as albany, and even those of you in southeastern portions of georgia. i keep mentioning this , and i mentioned this on fox weather here this morning. do not wait until the hurricane is hitting at your door. make sure that right now, you activate your hurricane preparedness plan, always make sure, of course you have a backup plan, also, neil, the other concern i have with this is going to be coastal flooding. any time you talk about winds in excess of 100 miles per hour, that is going to push a whole lot of water on to land, and we're talking about seeing big impacts in places like tampa. neil: you know, its been a while since floridians have seen a hurricane, right? of any note, and there are millions now who have joined the

sunshine state who are totally clueless on this subject , and might just say well, it's a little rain. >> yeah, no, this is not going to be a little bit of rain here. we are talking about places that are just about 100 maybe even possibly 300 miles away from that center of circulation which is what we call that eye. we could see three to upwards of eight inches of rain. now keep in mind when you get that amount of rain within that short period of time, that means that roads are going to be impassable. that means your front lawn is probably not going to look like it does right now, and we're talking about those peak storm surge that you just saw in that graphic. that's all due to the fact we're going to see a whole lot of wind there. if you remember as a kid remember in the bathtub and we used to do that with our arms, we used to push the water in, that's essentially what hurricane ian is going to be doing to not only south florida but also central florida. neil: you reminded me you don't have to be a category four storm or a three storm, to do a lot of damage. i was just looking at fiona and what it did to the east coast of

canada. it looks like a monster and sandy was like that. so you got to be ready for the unthinkable. >> yeah, you know, you're talking about winds that are above 75 miles per hour, so i mean that's going to knock down tree, when you talk about trees being knocked down you're talking about power outages, the big concern also whenever you talk about power outages, neil, you just don't know how long they are going to last and that's why we encourage people to make sure they have at least a week worth of water, a week worth of food, as well as medicine as well, so you talked about some of those transplants, a lot of people haven't lived through this and this is part of the reason why you see some floridians now going to the supermarket even though the storm is still about 24-48 hours away. neil: yeah, shelves are empty. >> yeah. neil: you're the best my friend, jason frazier. >> thank you, sir. neil: don't say he didn't warn you because he's warned you repeatedly. we are on top of that on top of the selling the storm at the corner of wall and broad the dow

jones industrial well into bear market territory right now. this has very little to do with the weather but more a foul mood getting even more foul, the more numbers we get out and the more signs of inflation we have to let just sink in. ♪ (vo) while you may not be running an architectural firm, tending hives of honeybees, and mentoring a teenager — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you help others. so you can live your life. that's life well planned.

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neil: all right, inflation and interest rates go up, stocks go down, big time, for the dow jones industrials that means we're in a bear market territory and then some, of course we were intraday on friday as well before the dow was able to rebound just enough. it was still down more than 70 points but just enough to avoid the bear market label down 20% or more from the highs well over that level right now, but a big catalyst seems to be the backup in interest rates for

example, a 10 year treasury note is now flirting with 4%, 3.9% specifically. that's the first time in a dozen years. the two year which is even more remarkable if you think about it committing your money for just two years, gives you something like the likes of which we have not seen in decades, that's about a 4.32% yield, so when that kind of stuff happens, folks, a lot of people figure well you know, even with inflation, i'm losing my shirt in stocks, at least i can protect whatever i've got left and, you know, i get the full faith and backing of uncle sam, so that could be competition for stocks of course it's still a return, but then again, given a 31% or better clip in nasdaq and tech stocks that have been cut in half, you take what you can get and that could be a threat. charlie gasparino following all of these developments on a busy market day. what do you make of all this , charlie? charlie: neil, you know, this is

baking the cake and no one believed jerome powell when he said he was going to do more rate increases that the inflation target was 2% and he wants to meet that target and so this is what happens. we're going to have probably two more rate increases, and we're going to have a bear market. there's no doubt about that, and the most risky stocks and investments will turn off, will go down first, housing prices will come down, particularly in overbuilt markets where the prices shot through the roof where there was a perceived or a real bubble, and you know, you're going to get a correcting of the economy. listen, neil, we had a monetary and fiscal policy experiment that has never been done before, in the last since covid, and even before that, the fed was pretty doveish, but when that happened, when you started print ing money like this , when you had massive fiscal stimulus even in the face of when jerome powell said enough, i'm ending

my monetary stimulus, you still had the biden administration printing money or spending money, trillions of dollars. when you got something like that , you got inflation baked in and the fed is going to try to ring that out and it's going to be painful. i don't know if it's going to be as painful as when we were kids, neil, and we're dating ourselves here, of the late 70s early 80s but that's when the paul volcker fed really went nuts on interest rates and squeezed. they essentially were twice, cost two recessions in a matter of three years just to get inflation under control. i don't know if we're going there but we're going to come pretty close. i do want to pivot to a story i have, because this is kind of breaking news in addition i know the markets are huge, but everybody talks about tik tok that short video at that is highly controversial. republicans think it's a way that the chinese government since it's owned by a chinese company spies on americans, particularly young americans, maybe steals identities.

democrats are kind of on board but it looks like the biden administration is looking at some sort of a deal with tik tok that allows it to continue operating in the u.s. as , and putting some safeguards in place , including taking their servers out of china, or singapore where they are, putting them in the u.s. , under the control of oracle, the big u.s. tech company. this was tried under the trump adminitration. bill barr, the fed attorney general shot it down and mike pompeo did as well. i'm talking to republicans today including fcc commissioner brendan car, at the forefront of raising issues at the forefront of data breaches on tik tok and i asked about the new plan that appeared in the new york times and this quote is this will give you an indication of how the gop willow pose whatever the biden administration does on this , that this new plan is nothing but lipstick on a pig, and i'll tell you i've talked to a lot of wall street guys who said the same thing that here is the

problem. we don't know how much data chinese stole. we know they stole something because there's been recordings of that that leaked. they appeared in buzzfeed they were taking data. we don't know how much was stolen. brendan car and a lot of republicans want to know the full extent of the theft, what the chinese government is using, from u.s. citizens. also, this is not, even in its current form, a complete divestiture. the parent company still owns it despite the safeguards and they created this software whether it's housed here or over there. people think that they know how to get the data no matter what so keep an eye on the story. it's a big political story, and in addition to the big political story, which is inflation, which you know, neil, for democrats running for office, just to pivot back to your earlier comment, what's going on here in the markets couldn't come at a worse time. these are pocketbook issues. people are complaining about high food prices. the fed is slowing down the economy. we still haven't had the full

effect of that yet on unemployment numbers but they will come. stock market which was a way the people made a lot of money and created wealth over the last couple of years, that's coming down, housing is going to come down. it's going to be a rough couple months here and you know, some of this , neil, you got to admit itself-inflicted. we did not have to spend the money we spent on the monetary and fiscal side. the economy particularly when biden took office was coming out of a recession. we had vaccines that were bringing people back to work. of course it was slow and problematic, but man, you know? what they did after that was pretty reckless and we're paying for it right now. neil: bottom line, it complicates things as jamie dimon pointed out, $6 trillion in spending when you think about it, and the federal reserve is trying to unwind that moment of trillion dollar balance sheet and all of a sudden you slap 6 trillion more on that you complicate things. charlie great, great job. charlie: very complicated.

neil: you seem too young to remember the 70s but i guess you could possibly. i wasn't even born. okay, fine, i was. and then some, we'll have more, after this.

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♪ neil: all right an asteroid hurdling toward the earth, millions of miles away, the only way we can stop it is to blow it up. we're doing just that, but with some clear distinctions from star wars, or star trek, or star any programming in this country, anywhere else in the planetary systems. this particular asteroid is no threat to the earth, it is seven million miles away, but nasa has this mission launched last november to strike it, and to see what happens that we have that capability to prepare for the unthinkable, and to ward off missile asteroid or anything else that could be coming our way in the future, and be able to make sure we get it out of the way before it kills us all. i think that's the gist of it, jonathan serrie is far more articulate on these matters and follows this crucial test, i guess later on tonight, right,

jan jonathan? >> yes, i'll stand right here and see what happens. it's going to be very cool to watch and if it works, nasa scientists will have a tool to defend humanity against a similar fate that befell the dinosaur, they believe an asteroid strike is what caused the dinosaurs to go extinct. so dart, which stands for double asteroid redirection test launch ed aboard a face ask falcon 9 rocket beginning a 10 month journey to a 525-foot wide asteroid called dimorphos. this computer simulation shows what to expect, dart will slam into the asteroid at 14,000 miles an hour, sending point of view images back to earth on the way, while a tiny companion spacecraft photographs the aftermath. >> we're just going to point the camera and take the most amazing pictures of this asteroid that we're going to see for the first time and we don't know what the shape is, and then impact, it'll say loss

of signal and we'll celebrate. >> scientists expect the impact to change dimorphysis around a larger asteroid and neither poses a threat to earth but if today's crash test is successful , scientists will have demonstrated a way to protect the planet in the event we discover other asteroids on more ominous paths. >> as a scientist, i fully hope to be surprised by the results of the experimental though as a planetary defender i don't want to be too surprised. >> we've all seen the hollywood films where scientists blow up a killer asteroid using nuclear weapons. in the real-world experts believe that would only create a damaged asteroid core surrounded by debris and gravity would eventually pull it all back together, and so with tonight's experiment, they are hoping to demonstrate all you need is a little nudge. neil? neil: all right, a little nudge. we'll see if they get that tonight. all right jonathan serri, thank

you for that want to go to the former nasa astronaut and international space station commander. commander, always great having you. should i worry about this? in other words, i know this is just a test for this sort of thing, but the idea being that if it crashes into this asteroid , and just nudges it enough, success, is that what it comes down to? >> well this is a very interesting test. i mean first of all as you pointed out this is 7 million miles away. the vehicle, the closing rates going to be 14,000 miles an hour , and we're shooting at a target that's only 500 miles in diameter, and so if we're able to hit it, oh, and by the way the target is also orbiting its own asteroid, so we've got to get it as it comes around on its orbit and hit it at the right time so if it works it's a pretty cool experiment and a pretty cool accomplishment and then that'll let the other spacecraft measure well how much did that impact change the orbit and we get some ideas on how we might proceed with some kind of a planetary protection program. now, as far as whether you and i

should be worried that just depends on your point of view. one point of view is well the dinosaurs were wiped out by this big catastrophic impact and that can and will happen at some other time in the earth's history. the question is, well 65 million years ago, are we due for one now or do we have another 65 million years? hard to say. it depends where you stand on that philosophy. neil: now, they can't just crash it into this asteroid, right? they have to see that it moved a little bit, right? i mean, otherwise, it's one thing that yeah, we hit this and it's sort of like needle in a haystack remarkable engineering achievement but if it doesn't alter its course, even though as you accurately point out it's nowhere near a threat to us, millions of miles away i get that but if it does diddly, then do we have to bring, you know, stronger rockets, bigger rockets, detonate, what do we do >> well if it doesn't have much of an effect on the orbit that's information useful information too. that says oh, well it's going to

take more than we thought to alter the path of an incoming asteroid. now, the dynamics are pretty straightforward. you know, you've got an object that might be coming towards the earth, hypothetical object and then you can hit it with another object, traveling at a certain velocity, hit it at a certain angle, how much will that deflect its orbit and how much do you need for it to miss the area so the calculations are fairly straightforward. this be a demonstration of those calculations and, you know , i would expect us not to have a surprise. the only thing we don't really know is as we heard, we don't really know the shape of this thing. is it more or less a round thing, just some piece of rock? so we don't really know as it gets closer, of course the sensors, the cameras are going to tell us what it looks like, so it'll be useful information to some degree, but more of an interesting, i think, more of an interesting exercise in verifying what we kind of already can calculate. neil: objects have hit or planet many times over the past

, the mast famous with the dinosaurs but we're due for something like that, aren't we? >> sooner or later, yes, and we've seen some events in the last few years. the big events meteor that came in and exploded over that city shattering windows and things like that and thankfully not causing more damage than that. there have been other events through the centuries that have been credited to impacts like that. crater out in arizona, you know, that's a place you can go visit and look at this impact crater, so certainly, we've been hit by the objects, most objects burn up smaller objects in the atmosphere, but the larger ones are going to come down so sooner or later we'll have another dinosaur-type event. the question is are we due now or is it going to be a million years? neil: hopefully a lot later.

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avino haons ofe he tan vedepelod silver resources in mexico, adjacent to their flagship and producing mine. the transaction increases avino's resources to over 290 million silver equivalent ounces. avino silver & gold. neil: down 403 points on the dow. i think charles payne can fix this. charles: thank you, my friend. i'm charles payne. this is "making money." resistance is futile. bonds keep soaring fed officials keep talking. downside momentum has become a tidal wave. when does it stop, how do you survive, ultimately how do you find a way to make money once the dust settles? i will ask my market experts on the show. what is