the amount of water in will continue to rise is a 500 year flood event. this storm is having broad impacts across the state in some of the flooding you're going to seeing areas, hundreds of miles from where this made landfall are going to set records.

we've had coast guard rescues, urban search and rescue team from the state of florida, we had the national guard down in southwest florida, people being rescued. in a minute to minute basis, that's going to continue to go. feedback it is continuing to go we want to take you to washington, d.c. president biden is addressing them meeting with top officials that any help that florida needs it will get. governor desantis had requested further emergency help in the spread to all the counties in florida, t the president commitd to saying you will get anything and everything that you need. part of the cooperation we were mentioning with the florida mayor a short time ago were democrats and republicans are working together to get folks has got to be one of the more severe storms, florida or any part of this country has seen in the better part of a decade. we want to go to jonathan serrie, it is moving further north it could be threatening south carolina. i should stress he's in atlanta

which is as close as you can get to the northern, northeastern tip of florida almost in georgia near jacksonville. it looks pretty rainy there. >> it's quite amazing it's been blustery since midafternoon yesterday as the storm was making landfall. essentially on the opposite side of the state. that gives you an idea how powerful it is. one of the big concerns is storm surge as they believe that en which may strengthen back into a hurricane will be out into the atlantic there worry because the counterclockwise rotation of the winds depending on its location if it is south of us it's going to be pushing water inland you see the sperm that they brought in heavy equipment to create or public beach access in between

the two natural and protective sand dunes. people ordinarily would be walking to and from the beach but they closed it off not only for the safety of the people trying to go to the beach but also tried to prevent the waves from crashing over and potentially flooding into the city. so far is that a good job holding back between the man-made and natural dunes, occasionally during high tide around noon today we would see a big wave come crashing over the man-made dune, didn't cause any flooding to the city nothing like that, a small spillover, just gives you an idea of why residence in officials here are keeping in nervous i on the beachside community. atlantic beach as part of duvall county which includes the city of jacksonville. there are no mandatory

evacuations but county officials including the mayor of jacksonville are urging people who live in low-lying areas, flood prone areas like just beach communities like atlantic beach in the communities on the st. johns river. in i just want to show you these palm trees blowing around in the heavy winds. this is a huge storm. one that residents will not soon forget. neil: jonathan serrie, thank you very much. a good opportunity to talk to john kirby the national security council coordinator for

strategic communication what you might not know about mr. kirby he has ample navy experience which is connected to the water which is a nice added bonus to talk about these things. back to september 1986, 28 years t stuff. florida needs a lot of help the president is committed to providing it but this looks like a multibillion-dollar storm and it could go up considerably, what do you think. >> it's difficult right now to ask me exactly what is going to be required from the federal government from the state and local government as well and you heard the president we're going to stick with it and the people of florida and everything that we can and resources are not to be a long pole in the tent. working very closely inside the intra-agency, fema, dod and dhs

and coast guard with state and local authorities to make sure that they have the help they need in terms of manpower and equipment now you have thousands of coast guard men and women in almost 5000 national guard troops from four different states, one is florida on the ground right now that are conducting rescues and trying to do clearing operation there's a lot of resources bd and if there is more than required, the united states government will do that. >> the president made a point yesterday of saying a warning to u.s. oil and gas companies don't even think about taking advantage of this and yet there's been no evidence of gouging, why does he say that?

>> i think the president wanted to make it very clear into him and the people of florida that he wants a resident of florida to give it back in the fee as quickly as possible and as efficiently as possible and they didn't want to see anybody take advantage of the dire straits of these people are in. neil: it hasn'e federal government is behind them we will do everything we can to help them on their feet and that includes being watchful and mindful and vigilant about anybody that might try to take advantage of the situation. >> to think adds an element of suspicions in gas prices in the last eight or nine days been running up that he was throwing it out there that it might not be a matter of supply and

demand, was he throwing that oue support that they need. >> the sort of like asking how long have you been beating your wife, it's not happening. >> we haven't seen that happen we don't want to see that happen, i think the president wanted to lay down a marker that will be watching for this. this is not the time to profiteer for other people's tragedies. >> again, no evidence that is going on but we will see. let me switch gears i want to get back to ukraine as well because vladimir putin of annexing the zones could represent up to a quarter of the size of ukraine on the bogus surveys that show overwhelming support for doing so, 95%, first of all do you trust those surveys, they seem pretty bogus but what did you make of them what are we going to do. >> of course we don't trust them

and they read these results and votes were cast so it would come up with the majority voting for annexation tm to. neil: or finding you want to make it look somewhat believable, maybe 55 or 60% but the 95%, i don't think jesus got the support. >> i think you're given the kremlin to much credit for the

cleverness. again we knew they were going to read this. clearly mr. putin wanted to make the appearance that the vast majority of people living in these areas want to be part of russia so they set these numbers pretty high, you're right it almost becomes more obvious, i don't think mr. putin cares that we know it's rigged i think is going to claimant's own mind and onside is government that these are legitimate results and use them to gain some sort of legitimacy over territories inside of ukraine that he can't get otherwise president zelensky and ukraine called for an emergency meeting for the top security defense officials and they won't leave. in fact make that part of russia not ukraine. >> it's never going to be part of russia no matter what these

referendum votes come in looking like pretty so is going to be ukraine, we made that clear, certainly president zelenskyy has made that clear but you raise a good point it's another sign that mr. putin has no desire to sit sit down at the negotiating table work out of this work obviously you can leave it today by that's not going to happen but another indication that he's doubling down he knows is in a position of weakness not strength in his doubling down on that to gain some sort of legitimacy and foothold that he actually needs to be inside of ukraine. neil: we've been seeing these protests back in russia, forget ukraine since he signed up or wants to signed up on top of the 137,000 additional soldiers who he said should come to ukraine to fight the good fight, obviously given the response from some of the reservist, they don't want anything to do with it violent incidents at a number of recruiting stations, tens of

thousands descended on various borders to get the heck out of the country. is he running into a real problem back home or are we prepared for the possibility he's toppled? >> he is certainly under more pressure, internally and externally, are you talking about internal dissent, that is noteworthy you have all the protest and young men who are refusing to follow these orders that's not something he's used to, he's not able to obscure the war in ukraine from the people of russia he's been able to hide, lie, obscure, to keep it from them and that's not possible anymore now that he has to go to a partial mobilization. you've also been seen internally in russia and municipal officials in the last couple of weeks, publicly calling on the kremlin to stop this work and externally he is also facing pressure he really felt he would have the support of india and china but two weeks ago both

president xi and prime minister modi of india called them out publicly and express concerns over what is doing inside ukraine. he's losing support internally and externally and he feels under pressure. i think that's why you see the referenda being called for this week. i think that's why he's leaving on mobilization. he knows is under pressure. >> they were raising events. and talk about the latest i believe the fourth nord stream leak in it seemed europeans are convinced this is sabotaged by the russians, is it? >> we seen the reports and we certainly seen the comments by the european allies and partners, were taking a look at this obviously will want to get ground truth and we can't rule out the fact that it can be sabotaged by the russians it would just be another example of

how mr. putin's weapon is en energy. neil: i know you been very patient on this annexation on vladimir putin do you think that could be a way for him to say i'll leave if these territories i annex much like he did during the obama administration when he essentially did the same with crimea? >> could be a bargaining chip at the table? give me the sin no more it is possible nobody knows what mr. putin is thinking here that said mr. zelenskyy has been very clear ukraine is ukraine, all these territories are ukraine and he will fight for every inch of ukraine as is his right to do as commander-in-chief, when we respect that that's when vernacular recognize these ourselves and were certainly going to support ukraine in the field with what other systems and capabilities to win back their rightful territory. neil: back in the military aiding cash and a lot of things

that they desperately need we would not say to president zelenskyy this is one good way of amending this work, give them something he gets to determine what success looks like, he gets to determine if and when and h how. neil: it does show hope to getting this fixed and cleaned up and soon.

the reality is money is tight for fema, were running out of time the economy could be dealing with much higher interest rates, that is going to put a pinch un-american activity. is it in your eyes and environment where we can afford what were doing, this is such a problem now and maybe a $40 billion for property, casualty and the like that the government going to have to do more but it doesn't have the money to do more

neil: i want to go to edward lawrence i believe they wrapped up that meeting you're talking about with fema officials, what can you tell us. >> the president has stopped speaking they moved onto the fema ministry to speaking to the group at fema i tell you the president came on said he's planning to go to florida as soon as conditions allow him to do that he wants to survey the damage they ar federal money will be opened up to help rebuild schools or government facilities that have been knocked down and also clean debris off the roadway the president also saying opens up $37900 for home repairs and

37900 and lost property repairs of these declarations to help florida. he said he will help floridians anyway that he possibly can. the presiden underground allow leaving for the coast of florida but a lot of the flooding and damage still in the area as crews are making rescues from what happened down in florida. neil: edward lawrence thank you very, very much. we were telling you, this might take the shine off of florida as a go to real estate america but it might be the same for real estate across the country as mortgage rates locket, were close to 70 year rate on the mortgage that could be a sign of coming attractions that are proving not very attractive at all. robert shiller, the bible on all of this after this.

your life is just as unique. your raymond james financial advisor gets to know you, your dreams, and the way you care for those you love. so you can live your life. that's life well planned. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪

♪ ♪ ♪ here goes nothing. hey greg. uhh...hello? it's me, your heart! really? yes! recording an ekg in 30 seconds. tada! wow, that was fast. you know it! kardia offers the only personal ekgs that detect six of the most common arrhythmias in just 30 seconds. so you can manage your heart health from home, or on the go. your heart rhythm is normal. no arrhythmias in sight. i wonder what my doctor would say. ooh! let's find out! 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. millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them...

add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. hi, my name's steve. i lost 138 pounds on golo and i kept it off. so with other diets, you just feel like you're muscling your way through it. the reason why i like golo is plain and simple, it was easy. i didn't have to grit my teeth and do a diet. golo's a lifestyle change and you make the change and it stays off. golo's changed my life in so many ways. i sleep better, i eat better. took my shirt off for the first time in 25 years. it's golo. it's all golo. it's smarter, it's better, it will change your life forever.

they recommended showing the foolishness of the market at that time. i think were living in an uncertain time people feel very uncertain and anxious so there could be a reluctance in the

near future that would bring prices down. >> with those prices crashed? >> i don't like the word crash. >> it took six years to reach bottom after 2005 peak. i would like to talk in real terms in the peak was in december 2005, not 2,702,008. it was a delayed effect took six years until 2012 that it started going up again it came very slow and it's not like the stock market. >> does the stock market influence the real estate ma

market. >> how do you see that link going? >> there is that link. the stock market and the housing market has some correlation. it's not that strong. the housing boom through 2005 was going strong throughout the decline in the stock market and the bubble burst for example. the stock market in the housing market are kind of separate. the idea that there driven by interest rates is certainly attractive in the housing market of the long-term interest rates. >> we have a long way to see this story play out, robert shiller great to see you again.

neil: you know about the controversial bond of $20000 worth of former students that, elizabeth warren wants to top that, how about forgive all their debt just to clear bankruptcy. it is out there.

this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you. you love closing a deal. but hate managing your business from afar. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire go. go green. go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier,

safer, smarter and more sustainable. go boldly. emerson. if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. which for those on medicare, or soon to be, is a good reason to take charge of your health care. so consider this. an aarp medicare supplement insurance plan from unitedhealthcare. why? because medicare alone doesn't pay for everything. and what it doesn't pay for, like deductibles and copays, could really add up. even thousands of dollars a year. medicare supplement plans help by paying some of what medicare doesn't... and making your out-of-pocket costs a lot more predictable. call unitedhealthcare today and ask for your free decision guide. learn more about plan options and rates to fit your needs.

now if you like this... greater freedom... you'll love that medicare supplement plans have no networks and no referrals needed... see any doctor. any specialist. anywhere in the u.s. as long as they accept medicare patients. these types of plans also give you more flexibility when traveling in the u.s. your plan goes with you... anywhere you go in the country. even better, these are the only plans of their kind endorsed by aarp. call unitedhealthcare today for your free decision guide. so if you have this and want less out-of-pocket costs... and more peace of mind... consider adding this. an aarp medicare supplement plan. take charge of your health care today. just use this...or this to call unitedhealthcare about an aarp medicare supplement plan.

i. neil: remember buying on the dip they used to be a good rule of thumb if the market was in the downdraft for doing so, it has not worked in the market, certainly this year with the rowley bear market territory in the dow further into that wiping out oils, it's not what it was, not even close. >> is reflecting what's going on in corporate america, we just hit you with a little bit of news it is speaks to pepsico.

sources are telling the fox business network, pepsico is offering buyouts to employees 55 years and older as a way to cut cost people inside the company to america people are telling me the buyout is probably a prelude to layoffs if the economy continues to turn south and you will have days worth 600 points up and you be reading all these people, the worst is over, inflation is dealt with peak inflation, there will be people saying not, if you listen to the money at citadel and a lot of others the fed has to bore rate increases it, what is probably going to be 75 basis point and

you can't take the fed all the way up of the way down ... that is raising rates there's also a lag in how the call to be re reacts, were to get a recession later this year or early next year, kate griffin predicted a recession towards if the fed is raising rates, if it has a 2% inflation target which jerome powell says as of now is sacrosanct, you've got to get it down from where it is now, something like 8, maybe lower, because gas prices are coming down, to something like 2, and that's not easy. particularly when the fed funds rate is still at 3. a lot of people talking about it going as high as 4.25 and maybe higher than that. you put all things together, stocks will trade off. and, again, business conditions are starting to deteriorate, and you see it just anecdote canally

throughout like what i'm saying with pepsico, bed bath & beyond today, go down the list. people, businesses are ratcheting back in preparation of this. neil: thank you, charlie. want to go to hillary vaughn watching where all that stuff notwithstanding, the government spigot is still running. in fact, the plan right now to go way beyond what president biden wants to do to forgive some students' loans up to $20,000. how about all of them? hillary, what's going on? >> reporter: hey, neil. well, democrats are looking for another way to give people a way to get out of paying their student loan debts, time by declaring bankruptcy. senator elizabeth warren is introducing a bill with house judiciary chairman jerry nadler called the consumer bankruptcy reform act that would change u.s. bankruptcy code, chapter 10, so that student loans would be treated like all other debt, like credit cards and medical bills. borrowers would file for chapter 10 is, and then if a judge

approves it, have all their debt wiped away. republicans in congress already raised alarms about the student debt president biden wiped away because of its impact on inflation, and now the congressional budget office has an official price tag for all of it, $420 billion is the cost of biden's student loan forgiveness over 30 years. >> colleagues like elizabeth warren have this backward. this is a gift to the rich. we'll be coming forward with something that says, hey, if you don't like your credit card debt and your student loan debt, go file for bankruptcy, we're going to wipe it all out and then you get a reset. this is unbelievable. >> reporter: i asked congresswoman ayanna pressley today if she's second guessing any of the student loan forgiveness that she is pushing more and -- for and more now that nonpartisan groups have said it's not free and it's inflationary. >> i make no apology somewheres

for a victory that is going to -- apologies for a victory that is going to unburden 43 million people. it was the right thing. >> reporter: and, neil, there's a new lawsuit challenging the legality of all of this. six republican-led states filing a lawsuit in court in missouri basically saying that the justification that the president used for this, the pandemic, is now obsolete because the president himself declared in an interview that the pandemic is over. so that is going to court, and we'll see if, ultimately, this student loan forgiveness happens if the supreme court were to decide that it's not legal in the first place for the president to do it. neil? neil: 43 million people will benefit from this but not the 310 million other americans who will have to pay for this. it is wild. hillary, thank you. >> reporter: yeah. and everybody is paying for the higher inflation, so they're kind of paying twice. neil: very good point. hillary, thank you very much. hillary on capitol hill. we want to take you back to

florida right now. things are looking pretty messy there, but they are already on search and rescue missions and already trying to clean up after one of the worst storms that state has seen, in fact, this country has seen in quite some time. ♪ 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. visit invest.gold to see how gold is everyone's asset.

i'm sholeh and i lost 75 pounds with golo. i went from a size 20 to a size 6. before golo, nothing seemed to work. i was exercising for over an hour every day. it was really discouraging. but golo's so easy, the weight just falls off.

neil: you know, i was thinking when we had all our reporters covering this monstrous storm and then steve harrigan, i think he's covered, like, a hundred of these, that's at a minimum. doesn't matter the crisis or the storm, he's always will. he survived this one, but in charlotte county, florida, they're still asking what, what remains. steve, how does it look out there? >> reporter: neil, it looks pretty bad where i'm standing. we're seeing some squares here that used to hold houses, and those houses, mobile homes or

railer homes, are simply gone, others completely destroyed. a boat yard next door also destroyed. some of the bigger condominiums lost their roof ares or siding, but a man just walked by and we said, how'd you do? lost everything. it's these short, little interactions, you know, that mean so much. lost everything. and almost everyone on this street can say that, they lost everything. we've been seeing people pick through what they canned today, sometimes with big plastic garbage cans to try and drag their patients or precious items through that water and through that debris. and when you look at that debris, that gives you an idea of how hard it is, help to get in and help to get around. you couple that with flooding, you couple that with no electricity and you throw in no communications at all, and you really can understand how a lot of people are on their own in these early hours after the storm. it's friends staying with friends or friend helping friend. people basically here asking for water and food.

100% of the power's out in this county, 2.6 million across florida. and we've heard helicopters go overhead, we've seen a sheriff go door to door to try and do a wellness check to make sure there's no casualties. we're starting to hear some chain saws and sirens starting to clear the roads out. but for another day or so, it's going to be very tough going for people who have been true a lot emotionally -- through a lot. and when you talk to them, boy, just a couple words, and people will start to cry, neilful. neil: slums it up -- sums it up, lost everything. steve harrigan, thank you very much. without power and without air-conditioning this time of year, still in the upper 80s and low 90s throughout florida with heavy humidity. so you're dealing with that as well. we'll have more after this.

as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service

designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. ™ millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. hi, i'm jason and i've lost 202 pounds on golo. being a veteran, the transition from the military into civilian

life causes a lot of stress. i ate a lot for stress. golo and release has helped me with managing that stress and allowing me to focus on losing weight. for anyone struggling with weight and stress-related weight gain, i recommend golo to you. this is a real thing. this is not a hoax. you follow the plan, you'll lose weight. neil: florida needs a lot of help, the president's committed to providing it, but this looks like a multibillion dollar storm, and it could go up considerably. what do you think? >> yeah, it's difficult right now, neil, to estimate exactly how much the going -- is going to be required from from the federal government. the other thing we're doing is working very closely inside the interagency, fema, dod. we've got thousands of coast

guardsmen and women already conducting rescues. you have more than almost 5,000 national guard troops from four different states on the ground right now that are conducting rescues and trying to do clearing. neil: all right, josh kirby at the -- john kirby at the white house with a promise that the president of the united states that he's going to be visiting florida to check out things for himself. hat -- has not ironed out a time and schedule, but ashley webster will no doubt remind him that there's a lot to see and damage to assess. ashley's in pinellas park, florida, with more. ashley, what does it look like there? >> reporter: hi, neil. you may remember in the last hour we show you a very large oak tree down in the front yard of a home in this neighborhood of st. petersburg. check this out, an even bigger oak tree came crashing down yesterday, unfortunately, landing on the front-right side of this toyota camera.

it was so close to missing, but close is not good enough. wanted to show you the root systems here. this is something we talk about a lot, but les actually water in here. we've had so much rain prior to the hurricane, and all it took was those gusts yesterday, 60, 70 miles an hour, and down can came this enormous oak tree. by the way, there's a young man here, his name is daniel, and he was standing outside when that gust of wind came and the tree came down. describe it for me, daniel. >> walked out outside, and i was checking on that fence. my dad said it pell down. and gonna walk back inside, and i just heard this crash -- >> reporter: describe it. >> it was like, kind of, it was, like, horrific, you know? it was ripping, and i turned around and just timber -- [background sounds] >> reporter: think that says it all. pretty amazing sight though, right? >> yeah. it was amazing. it's beautiful but also kind of -- >> reporter: horrible. >> horrible.

>> reporter: dan yell has a big smile on his face, no school for the rest of the week. still a sense of relief, we're seeing this damage, they're still obviously trying to clear up and that will take a while, but signs of life certainly coming back here in the tampa/st. petersburg if area. the tampa international airport, we mentioned earlier, will be open tomorrow at 10 a.m., and we've just found out that the tampa bay bucs will be playing here sunday night here in tampa against the kansas city chiefs. a whole lot better than other places around florida, especially down in the southwest section, neil. neil: yeah. it takes time, my friend. ashley, thank you very much. ashley webster on all of that. power out to much of the state, a little north of 2 million who are still without power, but that is still down from the highest levels, but they've got a long way to go. of course, there's no energy for a lot of people, and there's very little to come back to for those who were in the direct sights. the operation barbecue relief head of culinary there, they're

trying to get some good food to a lot of good folks who are finding very hard to -- fighting very hard to find anything good at all. brian, very good to have you. >> hi, neil. thank you for the opportunity to come on your show. and, you know, first and foremost, our hearts go out to all floridians affected by the storm, you know in we're on our way with assets and, like you said, we're going to be cooking hot barbecue meals for as many people as we can help. neil: i think it's beautiful and delicious. it looks fantastic. what got you doing this? you know, t a big, herculean effort, big sacrifice on your part, you know? what started it? so joplin, the tornadoes in job lib, 2011 with -- joplin, stan hayes and will cleaver, both competition barbecuers, needed they needed to do something to help the community. what they thought was going to

be a couple days of feeding people turned into weeks and over 140,000 meals. and they saw the need of this when disasters strike, that there's a need for people to be able to eat. and not only people affected by the storms, but the first responders. that's what created operation barbecue relief today, and we're over 9 million meals since 2011. neil: how do they find out when you come? i mean, what lets people know, hey, guys, brian's here with a lot of great food? >> yeah. so we, once we get in town, we give out a food hotline number that churches and communities can contact and get food in bulk from us and get it out to their community. but we also go out and deliver. best way is to either go on our social media pages at opbbq relief, or go to our web site at

obr.org and stay up with us. you know, we always need volunteers, if and that's another way if you can go to our web site and sign up to be a volunteer. we're expecting to do 60,000 meals a day, and it's going to take a bunch of volunteers to help us do that. neil: it's a big task. how many do you have working with you to do it? >> you know, to pull off this, this many meals we're going to immediate close to 100 volunteers each day. to be able to put out that many meals. neil: wow. brian, amazing stuff, just amazing. and the food looks fantastic. thank you for all you're doing, bryan, just trying to make sure good stuff gets to a lot of people who through no fault of their own are facing a serious crisis. that's something governor ron desantis is addressing right now. i believe he's in punta gorda, florida. let's listen in.

>> -- response here and just the way people have reacted has been very, verism pressive. we understand this is just the beginning. there's a lot more that's going to need to be done, and the state of florida is going to be good partners with the folks here at the local level. i'm going to let the first lady talk and then kevin guthrie and then eric sila agy from fp and l. >> we are so proud of the people of west florida, the people here at the emergency operations center and, frankly, people across the state of florida. we just couldn't be -- neil: we're going to continue monitoring this. help is on the way, we've already heard the commitment on the part of the governor to visit every part of the state affected by this and now a promise by the president of the united states providing more disaster relief, taking into account all the counties in florida the governor says have been mightily affected by all of this. in the meantime here, do not

want to lose sight of what's happening in the market today, giving up all those gains from yesterday and then some. the dow down about 606 points. the fear is inflation and rising interest rates and the likes of which we've certainly not seen in this country for some time. but apparently it's spread globally with right now rates and inflation running at levels we've not seen in the better part of 70 years. a lot of companies reporting some numbers that confirm that's taking a bite on their shoppers and customers. they're not buying, and their stocks are sliding. stay with us. many. ♪ then i got the dexcom g6. i just glance at my phone, and there's my glucose number. wow. my a1c has dropped over 2 points to 7.2. that's a huge victory.

neil: remember when we dipped below 30,000 on the dow? very close to dipping below 29,000. you know the drill, stocks getting drilled. here's charles payne. charles: thank you s&p very much, my friend. good afternoon, everyone, i'm charles payne. this is "making money," and breaking right now, stocks are under a tremendous amount of pressure, this as the market recoils from a strong initial jobless claims, and investors are starting to fret about that bank of england move yesterday. what was the motivation for that emergency angst? -- action? ken poll carry is here to way -- kevin poll car erie is here to way in on that. and the 10-year yield is at 4%. could that be a blowoff top?