stuart: neil: we are tracking ian close to making landfall. coming on sure about an hour and 15 minutes ago. the latest target with the exact plan itself is the cape coral, florida area, not far from fort myers, florida and it will be packing strong winds of 155 mph and storm surge some say could be as much as 15 or 18 feet or more. we are looking at a doozy of a storm. doesn't ashley webster know it. he's in st. petersburg, florida with the latest. ashley: hi, neil. in the last hour i would say the gusts have come through here on these bands of heavy rain and wind have been getting stronger and stronger. a few tree limbs starting to come down now. as i look out to the bay this is interesting. let's not forget two or three

days ago we were concerned tampa bay could face storm surge of 10 to 12 feet. right now, this whole area, the water in this bay has been pushed out words. the water level is extremely low. this is not unusual when a big hurricane approaches, it pulls the water out but is going to come back in. later today, the high tide will be later today and the mayor of tampa earlier this morning says don't be fooled by what you see now. it will get a lot worse. take a listen. >> we have seen the waters receded in tampa bay. some people are out taking photographs on the bay sure but that is the calm before the storm because we are still going to see, more than likely, unprecedented flooding in our area, with 18 to 20 inches of rain water coming in later this evening.

ashley: that rainwater, 20 inches, would be disastrous. you throw in those wind gusts, 80 miles an hour later today, trees will come down, power will go out, flooding itself could be a big problem. it goes downhill from here. the only hope is the storm will move faster than they were predicting. don't forget it was 2004, hurricane charley came into the same area, $16 billion in damage, damage into must are going to be substantial. neil: what are we looking at?

>> reporter: charley was a smaller storm. this is a much larger hurricane moving way slower. tampa, saint pete won't get the storm surge like to the south of this because the center of the storm will come on shore to the south of tampa, just got a new update. and the only change is it slow down a little bit, forward movement, and still sustained at 150 my vols an hour. we have forecast for dry air, and that. road on the south side. and you now have a hurricane, category 4, one hundred 57 miles an hour would be category 5. we are at 155 and have the i wall coming on shore, wind gusts of 112 miles an hour, and

same goes for naples. right here the center of the storm once it crosses land, the hurricane has made landfall, 25 miles away, and this is not one of those storms, this is not when you see a road what makes interaction, we haven't seen that all. that is not good news. tornadoes continue through the day, and the storm surges where the storm makes landfall to the south of it in fort myers in port charlotte, 12 to 18 feet, we will see significant storm surge across the east side of florida around the tallahassee area. the other thing we will see is the rainfall, flooding from storm surge, the rain falling because of the storm is a slow-moving storm.

and some will see in excess of two feet. and a lot of rain, we have tropical storm warnings in effect across georgia and south carolina coastline, eventually the storm moving back over the water, that could make a second landfall, not the same storm we are dealing with now but across the carolinas you get a lot of moisture, a lot of rain from this and strong winds to make some prep there as well. neil: i want to dip in, run desantis updating us on power outages, and others who refuse to evacuate. >> emergency crews out of floodwaters and away from downed powerlines, stay off the roads. if you need to rush back you will have a massive surge of people going in to provide life

safety assistance to those who may have stayed in more hazardous areas and power workers going in, all these power workers, from texas, louisiana and different places, we have a massive mobilization, they wanted to restore services and folks bringing in things like food and water. no need to rush back in and a lot going on in the immediate aftermath and a lot of people safety depends on that. if you are on the roads putting yourself in danger, emergency crews to restore power and clean debris. we don't know how much debris there will be, but there will be debris and that makes it difficult to navigate these roads. that is why dot's mission is to clear the roadway so people can access that.

neil: i want to go to will nunley. how does it look? >> we continue to watch the power moment by moment, getting wind gusts of 40 miles an hour. i am between downtown fort myers and interstate 75, to make sure we are far from this inundation of storm surge that is expected to come through, we are 20 minutes from where this amazing category 5 storm is making landfall. for the next hour or two, we will see incredible force on its way. we are hearing of infrastructure failing in terms of power poles and tremendous outages and waves crashing here, the height of winches on those exterior barrier islands, that is the type of force we've

been concerned about happening here. we expect problems with traffic lights, things like that will come down even though this is well constructed, concrete posts supporting this. infrastructure around here, only so much this can take out of the way of a storm like this. we are very infrequently seeing anyone on the roads. we see a passing car here every now and then but this is rare most people staying inside. we have the force of the storm upon us at this point and i'm concerned about the images we will be bringing over the next 2 to 3 hours. neil: i want to outline a little bit about hurricane charley. it is in the same neck of the woods as the storm in 2004. one of four storms that hit florida, the others were hurricane frances and jeanne

and ivan but what made charley unique was its sheer size. that was a biggie and it was, to put ian in perspective, it is 3 times larger, traveling 1/4 as fast. picture of a mass that big moving slowly and you hear this talk about ocean surges and think about for every foot, a thousand feet of water move in, you've got a lot of real estate impacted in people's lives. for all authorities and any authorities to be in constant contact with each other to keep folks like that includes the governor who is updating folks on where things stand. he's talking to president biden, the latest from peter doocy on how they are trying to coordinate.

>> reporter: president biden is talking a 2-tiered approach to storm prep and storm response, the first here would be connecting by phone with governor desantis. >> president biden: i spoke to governor desantis for sometime. for time time. the team has been in constant contact. the mayors of tampa, saint pete's and clearwater and my message has been absolutely clear, that we are on action. >> reporter: the second tier of the president's storm prep is putting the fear of federal prosecution in oil companies. >> president biden: i want to add one more warning to the oil and gas industry. do not, let me repeat, do not, do not use this as an excuse to

raise gasoline prices and gouge the american people. >> reporter: we are hearing the priority for fema personnel sent to florida this evening will be to find floridians who decided not to evacuate and may need help. >> search and rescue coordination teams remain staged in miami to include teams from fema search and rescue program, the coast guard, cvp, that part of defense, department of the interior and the state of florida. >> reporter: we've seen president biden sticking with his schedule focus on other domestic issues, there's going to be a change because of the storm, it means more of his full attention. neil: the president flung it out as a warning and getting applauded for telling gas company's don't think about raising prices as if that is going on and putting it out there, and environment where

gas prices have been climbing after declining, fingering them for something that isn't happening. >> a familiar refrain when prices have been high, accused the oil and gas industry of bad behavior. if there is some sort of disruption to the supplies it is entirely possible in the next couple weeks prices could go up. not something that would be a direct link to price fixing or price gouging by oil and gas execs but that's what the president is putting out, before the storm made landfall. neil: it is wild. we try not to play politics but following the money, you heard that before, it is not happening. there is no sign whatsoever before, during and likely after

this of collusion on the part of major oil and gas players to rig up prices. typically a supply and demand issue. not a lot of supply would be affected by this. the rush we had on gas stations was because of that, evacuations but nothing oil companies are gas companies did. to throw that out was a little egregious but we will follow that. if there's any evidence we will follow it but if no evidence to point that out some are looking at that as a sign that that could be future cover for president dealing with 7 days of increasing gas prices long before this was even a storm. we will follow that and keep an eye on the path of this hurricane and the national guard director of operations, very good to have you. we know a number of national guardsmen are motivated by

thousands to help out. what do they do at this point? >> thanks for having me today, thoughts and prayers are with those going through this storm. what florida has done is activated 5000 guardsmen and they are sheltered with different locations throughout the state and waiting the storm to pass, as close as possible to the place where they can react the quickest and have the biggest impact with responding once the storm passes, and a moment ago, distribute supplies, with responders that stayed behind in florida. neil: you are going to deal with a situation where millions will be out of power. and how you reach those people,

and not a great deal of devastation as well making it tougher your men and women to deal with that as well. what do you do? >> the equipment they have, numerous vehicles, and additionally, there's approximately airmen from outside the state, state around florida that will contribute to this effort and they are postured and standing by to bring additional equipment also, so they will use those vehicles to get around. we have aviation assets they will use to get to those hard-to-reach places, to ensure we want to save as many lives as possible and if people are okay, whether they can weather the storm and the aftermath of it. neil: getting word that a lot of people did not heed evacuation warnings and calls even in areas where they were

mandatory and they were stuck and dangerous to leave. how do you handle that? >> first of all, we think everyone should heed the warnings of emergency management professionals there and follow their guidance because that just could complicate the effort after the storm. respond to all those we need to and try to save as many lives as possible. hopefully we are not saving lives, just providing supplies and things they need to stay safe in the aftermath of this storm. neil: thanks for all you are doing. in the meantime we have congressman mike walt's joining us in the daytona beach area on the eastern side of the state north of orlando on the coast. not as directly affected as other regions but i did point

out orlando, home of disney world, virtually all the major amusement parks and entertainment centers in and around orlando are shuttered for the next couple days including walt disney world, universal, sea world, lego land and busch gardens. i'm told this has only happened one other time during hurricane where all of those were closed at the same time. apparently it was in 1992 with hurricane andrew. that was with winds that devastated the state at 165 mph. that was then. they hope it doesn't repeat itself.

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neil: we are following the storm in the lower portion of the screen. different kind of storm, the dow sprinting ahead 500 points. a lot of this has to do with the bank of england. they were buying out a lot of their version of treasury notes and bonds because the currency was sinking fast and it did provide support to the british

pound was yesterday was at an all-time low versus the dollar but that buoyed a lot of sentiment that showed an encouraging develop at that there's a deck of the central bank let's the markets out, do not assume the same path but on the 10 year, just this morning, 4%, first time, we have since got down into the 3.7778 neck of the woods. that is a big collapse and a single trading day, for a couple years. charlie brady, our expert, that is galvanizing. maybe they overdid the selling thing. this is the dip and you can buy on the dip. just letting you know it is out there, the big things hurricane ian, category 4 storm, could be category 5. whatever it is the winds are

155 miles an hour. congressman mike walt's, florida congress and, his district includes the daytona beach area. but as you pointed out, the state is under this dangerous watch here, what is the latest in your district? >> the hurricane center is projecting the eye of the storm to pass over daytona and one of the things you have to realize with inland counties or the ones on the eastern seaboard or the east coast of florida, all of my counties are calling for an evacuation. my own home and family have been evacuated because you get a trifecta you get the slow moving storm that just pounds

everyone with overwhelming storms and rain and tornadoes which are a real threat but it also pushes waters up the inland rivers and lakes that can cause inland flooding and you get a right hook with the counterclockwise wind as it passes off the east coast, the turns around and gives you a storm surge, rainouts affecting 3 to 5 feet. it is that triple punch that can be absolutely devastating to even the inland and eastern parts of florida and on top of that, the thing i'm worried about is we have thousand people a day moving into florida since our last major storm pre-pandemic that have never gone through this before. number one. and number 2 you got a lot of floridians who got a lot of false alarms over the years and may not be taking this as seriously as they should particularly if they live inland. everybody listen to your local officials and get out if they are telling you to get out. neil: i was surprised how many

ignored those warnings and even on the golf side staying where they were and are. that is telling. what do you think? >> they got a lot of false warnings, they were not as bad. it only takes once for this to be a terrible situation for you and your family. if you live in these low-lying areas or cross a bridge over the intracoastal waterway the first responders, once winds reach a certain speed. you are on your own. if it takes our brave men and women at national guard to come with you, and don't put first responders were national guard men and women unnecessarily in harm's way. stuart: neil: you always hearing every disaster, we want everyone to

stay safe including rescuers in a compromising position. great seeing you and your service to the country. it is a triple digit advance, they coughed up a lot of advances. no saying where this goes. hurricane related stocks or cleanup including home depot, lowe's, battery makers and dollar rest are doing fine. energize their holdings, and property and casualty insurers are doing well including universal insurance. they advance during the storm, and there's more coverage and if it is substantially reverse gains on the notion that they

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neil: we are following a lot of things besides ian, the hurricane that is barreling its way toward land in florida and looking to see if we can avoid a government shutdown. because of recent violence that looks less likely they will turn out the lights. chad program with why that is the case. >> the race is on for congress to fund the government. the filibuster on the bill after majority leader chuck schumer moves a provision on energy permitting important to joe manchin. liberals applauded the move.

>> this is a victory for environmental organizations, and social justice organizations throughout the country. i think this is a good day for the planet, not such a good day for big oil and the fossil fuel industry. >> reporter: democrats tried to blame republicans for closing the interim spending that is a way to get revenge on manchin. gop members were mad because they supported the health, and tax package last month but democrats didn't have their own members on board with the manchin plan either, they think he overplayed his hand. >> what happened today i think was destiny. there was never a real understand your plan for how the second half of this would get done. joe found that out today. >> reporter: dropping the manchin provision unlocked a number of votes for a bill to fund the government through mid december. the race is on to finish before saturday.

>> with cooperation from republican colleagues the senate can finish its work keeping the government open as soon as tomorrow. there is every reason in the world, i would look forward to working with leader mcconnell to do that and not to the friday midnight deadline. >> the bill includes $12 billion for ukraine but no money from covid and no direct money for the hurricanes in puerto rico and florida. neil: shannon bream with fox news sunday, i love the way she asks questions, she's ripping your part and you have no idea. always good seeing you. i want to pick your brain on joe manchin and the unusual fight that had alienated him among democrats and republicans. >> his deal, could resurrect to

another piece of legislation, the clock is winding down on this congress and getting them into a lame-duck session after midterm elections depending what happens there. i talked to him on sunday about this. the fact he was taking so much heat from the right and the left, the right said why should we help with this deal which you got in advance for your vote on the inflation reduction act which none of us voted for and on the left he lost 10 democrats who said we don't think it should be done in this matter and it is not progressive enough. there is too much permitting for oil and gas. we had very heavy lift and as the days kept on, they got this done. neil: if i could focus on the hurricane, front and center, governor ron desantis communicated with the president on coordinating fema, this is a doozy of a storm, you are a native floridian, you lived there along time.

this is always out there as a worry but it is also a test for governors going back to jeb bush who set the standard and on to governor desantis. >> there will always be the operative looking to the leadership, how somebody does, as chief executive, we've been to many of these storms, my earliest childhood memories are boarding up the house, filling the bathtub with water, my mom said it was permission to eat the ice cream or anything that would perish in the freezer because we would lose electricity because she tried to take scariness out of it when i was a kid but the truth is this is devastating. a storm like this requires everything state leaders can pull together and people do look. i was thinking of images of super storm sandy when that happened with president obama and governor christie walking together and talking through that. that moment you want your state leader, democrat or republican to step up and find the strength to do what it looks like governor ron desantis is

doing, this is not his first rodeo as a floridian or as a governor. a lot of people want to see what he is doing but there was a question that came up yesterday, one of the press conference as he shut down and said this is not time for politics, we have things to get done, millions of floridians to protect so it does give the governor chance to show what they've got as chief executive of the state. neil: not the same as being a floridian but i do remember that, chris christie running for president in 2012, handling sandy, he opted not to and in the back of my mind, that was his moment. >> you got to think when you run estate as an executive it puts you in that conversation and you think about the conversation for 2024 on the republican side, look to glenn youngkin and a lot of voices, governor abbott, people on both sides of the aisle will say i have shown what i can do as commander in chief or chief executive of the state.

a lot of governors who end appear in the senate are frustrated because then they are one of the hundred or hundreds but when they worked at the state level to do a budget to handle emergency, it tests them and shows if they are ready to be that chief executive so there's a lot of opportunity when these things happen. neil: look forward to this weekend, shannon bream on all of that, 458 points. england, the bank of england was scarfing up a lot of britain's version of treasury notes and bonds to support the currency. it worked a little bit but was seen as a reminder that central banks can come to the rescue and that is unlikely but it did shore up support for the pound. the markets and tangentially our markets here, the fear that we would go into freefall in

the bond market which had interest rates backing up in the case of the 10 year, only 4%, first time we had seen that in a dozen years. more after this.

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neil: down 187 points, people always go at this with a pause because they remember what has happened in so many trading days as we maintain a rally, we finish down. it happens as people get ahead but nevertheless a triple digit advance in the markets. whatever is happening today, folks are facing tough times and in the case of that, those

portfolios, and a good many putting off retirement, michelle snyder back with us, what do you think of that?. i'm encouraged by what is happening today but lost my shirt. i met a bear market myself with all the major averages and i have to put off retirement. what do you think? >> don't panic, we are in a dead cat bounce but the important thing is things like dollar cost averaging, important to look at the right stocks, stocks we are interested in are the ones that have a lot of cash on hand with big margins paying dividends. it's important to understand these cycles a band flow over time, you switch everything out to cash at this moment. it might look fine 5 or 10

years out. it depends when you are taking the time. retirement the next few months is a different strategy. neil: people might overreact with oversold conditions and other say we have a ways to go. the higher interest rates go the more stocks will be pound that he pegged 4% rates and another 20% hit for stocks very close to that. what do you think? >> i agree with ray. if you have 5 to 10 years to see if the market comes back to the levels we saw at the peak in 2021, that is one thing but if you are set to retire soon and counting on the money, i wish you had gone to cash. many people on the show, experts had warned for that. in terms of what is happening here, we rallied to the higher friday. we definitely need to prove

some more before i start screaming and if it is the bottom it would be the most fantastic example of long-term charts with long-term moving averages in case of the s&p. we will see. i am more skeptical at this point. neil: at my age, long-term is lunch tomorrow. you got to help me with it. thank you very much. charlie gasparino, this whole idea looking at a market, people looking at this, may be this is the turnaround we have been looking for. charles: after the spring we went on with easy money and fiscal policy spending it is hard to break the habit that markets will keep going up and ray doubt leo --dahlio speaks the truth when he says if the

fed wants to hit 2% inflation target we have more rate increases to go, we will hit 4%, the fed funds rate and the market will correct by a blip here and there. just a matter of simple logic. people think this is the bottom, starting to buy stuff. they got to be crazy unless powell doesn't want anything with pressure on him, we put on the likes of your guest yesterday, jeremy siegel and more but my guess is he knows his back is against the wall. the fed would lose all credibility in anything, who knows what could happen particularly if inflation makes a comeback and even if it is off its highs, the fed would be decimated from reputation standpoint so chances are we will get two more rate hikes, 4%, chances are the market will

correct the spike s, momentary blips. there are good headlines, looks like monetary policy is being coordinated with us, that is a positive thing, raising rates in the uk, the currency game, that is positive for the economy and markets like that and coordinated efforts. chad talked about we are not going to have a government shutdown. you get two positive news headlines, the algorithms kick in and it is a by but it is long-term. this is going to correct and it is problematic. it gets into what i report next. the biden administration knows the economy, i don't know if they care about it but may see it as an opportunity to expand the size of government but

clearly they know that inflation, they missed the inflation boat and there's a lot of talk internally of seeping into other media outlets. we reported that janet yellen is likely to be out after the midterms. her likely replacement, the commerce secretary who was considered a rising star in the biden administration, a moderate form of governor. we will see some shakeup in the biden economic team as it becomes clear they may be up today and who knows what happens by the end of the day. it could be down. i doubt it because of the positive headlines that came out. you might see brian replaced by someone else and there will be changes, reflected by what larry summers was saying.

how much they missed the boat on inflation and the recession we might get because the fed was expecting rising interest rates and changing horses at the first horse to change this will be janet yellen. that is what we are hearing, we reported that in june. she came riding in coattails. neil: in a good way. thank you very much for that. in the meantime we are getting more word power outages climb, 150,000 without power, governor saying it will be millions. that is disrupted everything, disney world is close, see world is closed, almost everything in florida closed including the artemis moon mission, they were going to take another crack at it this week, that's not happening but we will keep you posted on that.

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turning to a category 5 storm. i misspoke. it is so close to that, 155 miles an hour. it would have to get 157 to do that. a lot of big events whether it is that are higher have been pre-canceled across the sunshine state. including the launch, or another crack at it for the artemis rocket that would be our return to the moon, sent back to the space center. the fact is it is still going to happen but because of that, all the way back to the vehicle assembly plant and getting it back out, it could be weeks. bill nelson, nasa administrator, kind enough to join us. a matter of time but it has got to be frustrating for you with everything else going on that this launch is delayed but for all the right reasons. >> we don't launch until it is safe, especially this one.

attest flight, we will test and stress this rocket to make sure it is safe when we put four human beings on top of it. in the meantime, we've got human spaceflight next wednesday, the crew 5 that goes to the international space station so once the storms pass, i am in orlando. i will be in the eye of the storm tomorrow. i will get out and see the sunshine because the i will be right over south orlando. neil: it is the stuff you worry about afterwards. it is impressive to see everything nasa is doing in conjunction with private enterprise and all the rest, like going back to the great old days, reaven revisiting the moon 50 years after the fact. we have a lot of company

including china and russia and a host of others. does the china participation worry you, that some people think their motives are not for research in science, they use as an example what they are doing in the south china sea militarizing islands that don't >> well i think they're very secretive, non-transparent and that's why we have had such a difficult time trying to get along with them. the one-time we have deconflicted on traffic in the region off mars but beyond that they put up and they have a good space program. obviously they have made tremendous gains in the last decade. so for example, they put up therapy space station and, that they don't reserve enough fuel to have a controlled reentry of

the big booster rocket. it comes down uncontrolled. they won't tell anybody where it is going. they did that once and twice when they put up the second component of their space station. so it is what it is and i think you just very accurately identified it. our concern is, we don't want the south pole of the moon where we think the resources are, we don't want that to become the spratly islands. neil: i see what you mean. senator, i would be curious to get your take on russia -- iss, if russia is no longer part of it? >> the jekyl hide relationship that we have is, you see what putin is doing in ukraine which

is inexcusable and horrible. at the same time. ever since 1975 and the old soviet union we had a cooperative, civil space program. back again in the midst of the cold war, an american spacecraft and a soviet spacecraft rendezvoused and docked. we have been cooperating ever since, including the building of the international space station and the operating of it with both crews. that continues to this day. i suspect that will continue for the life of the station all the way to 2030. neil: we shall see. senator, great pleasure seeing you, nasa administrator bill nelson. i think they're looking for another crack at artemis in another few weeks. delayed but not denied. dow up 447 points.

you worry when you see a big gain. then the pattern it melts away as the day lingers on but this is sustaining itself in couple hours to go. i vest the only thing that can ruin it is charles payne. i handed him a triple digit advance. only he can torpedo this, america. don't feel any pressure, charles but have it. charles: my best, i have the stick um on. you remember the stick um in the nfl we need it. i'm charles payne this is "making money." the bank of england blinks, the first central bank to panic amidst attempts to stop inflation around the world. it is scorched earth for powell and company. i have jack ablin. he will help us sort that out. as rumors swirl janet yellen could be out of a job. the author of empathy economics