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elon musk is apparently looking to go ahead and purchase twitter after all. it gets complicated. lauren simonetti is our expert. what is going on here? lauren: we are back where we started with a lot of drama in between the way elon musk likes it so the wall street journal is reporting elon musk contacted twitter last night proposing to buy their company at the original price of $34 billion, $54.20 a a share. maybe his attorney said to him you can fight this in court but you are not likely to win and out of his deposition, set for thursday and friday of this week if he has a deal. it so happens deals happen right before or after depositions. the twitter ceo had his last night. elon musk's is coming up. with this report deal did he

throw in the towel? this is what dan ives of webb bush says, this is a clear sign that musk recognized heading into delaware court the chances of winning versus the board was unlikely and this deal was going to be completed one way or another so musk tried to push back the trial date, the judge said no, he tried to wiggle out of the private deal using the fake account issue. but the delaware chancery court judge seemed very pro deal. if you look at the reaction this is a positive for twitter shareholders, maybe users too if musk changes what is more supportive of free >> if you bring up tesla stock this removes some major overhang from tesla investors. word is he needs to sell $2 billion more of his chesler

stock to finance the twitter deal but you saw the numbers last night, yesterday, their deliveries are not up to par with what wall street expects. this removes all obstacles. there's a lot of drama, go back to square one. stuart: back to the original deal, nothing that looks like a release deal. we shall see. lauren: he is yet to tweet about it. he puts stuff out on twitter as ways of communicating but this is surprising a lot of people. most people you spoke to, there will be a deal but it is not a 5420. if he really did propose this at the original price i don't know. neil: the entire technology

sector down 30%, a different environment but didn't change the overall price. we are watching closely. connell mcshane, the dow continues to advance as it did yesterday. that would be a special event because we see one day's big gains. >> to be up 700 again, the whole twitter drama, this was happening anyway and you were talking about this, our mutual friend goldilocks, bad news is good news but just about right news for the market right now, the is the environment we are in, maybe the fed is less aggressive but the economy is not as aggressive, ism manufacturing said the job opening number told us that today, stocks are up in bond yields but in terms of market

movers, all over the price, energy stocks doing so well, this is a 3 week high, the opec plus decision for production. if you look at the energy stocks that sector, exxon, halliburton and chevron as an example, 3. 5% and anything growth related at all is moving higher, you can pick out well-known companies like apple, microsoft and amazon also having a good day especially amazon with rogaine and the bond market is a big part of this as well, we are at $3.62 on the yield for the 10 year so forget 4% for now. we have come down significantly to the mid-3s on the 10 year yield, that is where we see this argument playing out, week data is a less aggressive fed

and more than likely but that over 75 basis points in a month's time but expectations of how high the sky will keep the rates might be pulled back next year, that is where people are looking, 2023, not keeping as high as they were planning, 10% in august, layoffs off a little bit and the labor market is cooling off and the investor looks at that, the fed will cool little little bit with rates as well but whatever the case, good days back to back for the stock market. mcshane. to the white house, where they are digesting this report from the united nations these rate hikes the federal reserve has led, followed too much and too onerous widening the gap between the rich and the poor.

any white house reaction? connell: no white house reaction but the head of the world bank saying not if there's going to be a recession but how long and deep the recession is. we also see it on the first page of the un report from the trading development report that was released, it says the world is headed towards a global recession and prolonged stagnation unless we quickly change the current policy of monetary and fiscal tightening in advanced economies. when the us federal reserve raises rates it ripples around the globe. the fed rate hikes are working to offset in part government spending and slow down inflation and because of that republicans are cautioning the administration. >> democrats have one solution and it is more government, nancy pelosi just earlier in the year said we could spend our way out of inflation and spending is lowering debt, we

know that is false. >> reporter: what is interesting, the friedman's bank forum, the treasury secretary, one of the president's top economic adviser seemed to shift the administration rhetoric about the economy in recession. >> i'm not convinced we will see the same pattern we have seen coming out of recessions or if there is a cooling, the impact on communities of color. they will not see a downturn in the economy, and as they were saying, and a positive difference. >> other economies are feeling what is happening, regardless what is happening in the globe. neil: i want to go to peter morici. interesting when you hear the breakdown of what the united

nations is saying about the rate hikes, pushing the economy not only into a recession but it widens the chasm between the rich and the poor, rich countries can handle it but not well, poor countries can't handle it at all and things remain. what do you make of that? >> they are not raising rates rapidly. if you look at what paul volcker did under comparable circumstances, raised them more rapidly. inflation remains stubborn especially in europe, european central bank is lagging. will we have a recession? probably, that follows tightening, the price we pay when we have inflation 10%. in a lot of ways this is the hangover after the big party. spending all that money and all the cash still laying on people checking accounts is giving the economy difficulty in the form of inflation and the only way

to solve it is to suck the liquidity out and that is what the fed is trying to do. neil: part of the problem -- >> in europe, the european central bank is lagging get and that's why the currency is falling and the japanese are going in the other direction. it is heard that it exacerbates the difficulties. hard to escape the need for tightening once the fed gets going and somewhere or another you pay for it, out consequence for the purchase of it for the united states. neil: when we see another gain like that in the stock market, in the next 3 hours, it narrows yesterday, strong advance. a lot of people tell me it is built on continuing weak economic numbers, a report that

shows job openings declining at a rapid pace, not too rapid but rapid and much like we got the ism shows a slowdown. this is a goldilocks moment. not too hot or cold, for the next two days running or how long it lasts, what they want to see, you agree with that? >> the markets oversold but that doesn't mean it is going to go up. in reality if we have a recession it will go down further but the market is grasping at straws, looking at the data turnaround really begins, 3 years from now we will be happier about the stock market than we are today two years from now but we have to go through a period of retrenchment, essentially drying out the clinic.

market seems to think that if we get the right economic numbers they can avoid that, somehow we can avoid this recession. i don't think we can, the real question is how long will the recession ask? once we come out of it and we always do the market will seem to have been oversold because i don't think it was frothy when it hit its peaks. neil: at this level i would be careful. >> i characterize it as too low for ordinary folks. this is good time to average in. that's what i am doing and more next week and i suggest that assumes you have a longer horizon. even though i am older, i have a good cash cushion, you need to ask yourself do you need money the next 2 or 3 years, if you don't need the money the next 2 or 3 years this is a good time to get in, don't wait for the recovery and pay a higher price.

neil: does great catching up with you on all of this. we are seeing another run up kind of narrowing what we had yesterday, 74 point advance we are seeing reflected in the nasdaq and the s&p, these two day gains with a high off with the performance we have since april 2020. right now it is a trend that is a friend even though it is two days and we are not done with this. ♪

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but i'm happier, i'm healthier, and i have a new lease on life. golo is the only thing that will let you lose weight and keep it off. who loses 138 pounds in nine months? i did! golo's a lifestyle change and you make the change and it stays off. (soft music) >> i lost everything. >> it has been a nightmare. >> what is next? where do we go next? what is the next step? do we need? this is our home, we don't want to leave. >> two lawn chairs and we sat in the middle of the street. because at least people know we are alive. >> the bridges are complete we washed out. the only way to get there is by air, helicopter or boat. neil: the search and rescues go on in florida. it will be an arduous and

lengthy task, so much of the state remains without power, max gordon in arcadia, florida on the golf side with what he is seeing next. >> this is a twofold disaster for a lot of folks in florida. along the coast you had the storm surge, wind damage but in arcadia a little ways inland around 20 miles or so, we are dealing with flooding on the peace river, how roads have been turned to rivers, areas deep enough to drive through and others are not, you see these vans submerged in the water, this rv park where have insurmountable damage, although homes are wrecked, completely flooded out but help is on the way. the national guard has been building out to folks and delivering supplies, we have a supply station for national guard member to hand out food, water, ice, to people, they

have been giving out fan belts and other pieces of watercraft, just boating out to folks who might be stranded because so many areas are not reachable via vehicle. this is among an effort with 5200 national guard members, they helped rescue and evacuate 2200 people in the hurricane aftermath using trucks, boats, and helicopters, soldiers clearing streets filled with debris, manning 27 supply distribute insights for tens of thousands of people that pass through. hundreds of thousands still don't have power here but the lights are slowly coming back on, the largest elector city provider, florida power & light, saying power will be restored to most customers by friday but permit here in arcadia and florida's inland counties a lot of folks don't know what they will do next. >> we got back here and saw the damages in our trailer plus the

other three around us and i got hold of my county bosses, the commissioners to get set up for work but as this developed, i wasn't able to make it to work. i've been away from work because of the flood. >> reporter: that a big issue for a lot of folks. not necessarily rich people, they don't have work anymore, their homes are damaged. it will be a long road to recovery. neil: thank you. that's good now to joseph jarrard, director of operations, very good to have you back, how are things looking in total? >> thanks for having me and i think max had a lot of the numbers there but currently over 5000 guardsmen supporting the relief effort most are from florida but 6 additional states

as well. yesterday was a high mission day for the guardsmen primarily because of the three islands in southwest florida, the guard conducted airlift operations moving one hundred 70 guardsmen onto those islands along with 12 humvees, heavy earth moving equal and and dozens of pallets of waterice and food and they will perform 247 patrols on those islands and distribute those commodities and to date they 've airlifted 400 people and 40 pets from those islands and distributed 30,000 bottles of water, 20,000 mrds to people on the island and throughout the state from those points of distribution max just mentioned a minute ago they distributed over 800,000 mrds, and 4 million bottles of water so they are working hard to provide relief.

neil: how do you access the islands you can access? how do you juggle that? >> it is tough but they are using their helicopters and aviation assets as well as boats to access those islands so that was the heavy lift yesterday performing that airlift operation to get those people and supplies onto the island. neil: you talk about how long it will take to repair things? your focus, people making sure they are safe but we hear that every time you go into a battered region it is more battered than the original images revealed. can you tell us what you were finding? >> talking to the adjutant general of florida, a significant effort for the next

two weeks and a couple months before things get back to a semblance of normalcy. neil: this is a big one. major joseph gerard, we are picking up what is going on across the pond with the britain talking about an embattled prime minister, a big old tax cut. some people are saying she could be a short-termer, might not be long for the prime minister job after this. ♪ ♪ ♪ ♪

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or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. neil: the brits product the beatles and monty python and now market changing event when the prime minister brand-new to the job did 180 on her tax cut plans, that might have helped the british pound rebound, and

markets all over europe rebound, but might be doing very little to see her own personal ratings, she's under a world of pressure to do something for country dealing with runaway inflation and now her economic prescription has been shelved. it is anyone's guess what happens to the prime minister but she's already facing a revolt within her party. victoria coates, deputy national security advisor to donald trump, margaret thatcher center for freedom senior research fellow, she knows of which she speaks. it's too early to judge whether she is in real trouble but this 180 is unprecedented for new prime minister so i will ask is she in trouble? >> good to be with you. it is never good to see someone go this wobbly this fast on what was sort of a key conservative element in her

economic plan to cut taxes to encourage growth. you and i know that is a winning prescription but to reverse it this quickly does not make her look like the new iron lady we were looking for. neil: maybe i could be wrong but the market reaction, it tanked, pound tanked to all-time lows and that kind of led this with maggie thatcher's original tax cuts when she assumed office the country was interpret straits much worse than they are experiencing now and there was more of a hail mary pass desperation but not so here. what do you make of it? >> in a way it is a failure of messaging. i don't feel the prime minister came out and gave the major speech the country needed to hear. just back from europe over the weekend, everyone is jittery and it is energy prices and inflation and the war and the

nuclear threat and people need clear leadership and if she could explain how this was going to work, it could have been effectively communicated but i didn't see an effort on that. we 21 thing -- neil: one thing that fascinates me is how common it is for the party to turn on you. she is benefiting from that because the party did that with boris johnson. could she face something like that? >> it is possible. it happened to churchill and happened to thatcher too. there is a strong precedent here. there will be a resistance to more upheaval going back to my previous point about the jitters having a second or third uk prime minister in a year is just going to be a recipe for more confusion and fear so i hope that does not happen.

neil: should republicans when the house, maybe the senate, their intent is more tax cuts and raising or lowering all the rates, whether this might be assigned that it might not work, markets might respond negatively and lead them as it led the british government. >> i would be cautious about taking europe's lead on any of these policies given the mess they've gotten themselves into. i would see this as a cautionary tale about how the american people need to hear from congress, what is the prescription? we've got nothing out of the biden administration how they will lower inflation, they are more concerned about climate issues than the pocketbooks of everyday americans that should be the focus for conservatives. neil: to your point what heard the prime minister in britain is she didn't layout the

rationale for what she was doing, republicans almost have to do that. the detailed plan out of kevin mccarthy, don't know about explaining why reducing taxes on regulation, expanding oil production, going to bring us back but really got to pound that out clearly and in just a couple sentences. they have failed to do that. >> i agree and i think that should be the key message going to the midterms is precisely how a republican congress is going to help you with problems we are grappling with at home and they can make that case and i hope they get that crafted and get it deployed because we are down to the witching hour. neil: not just the message but how you present the message. great seeing you again. in the meantime the rebuilding goes on in florida, all hands on deck including the reverend

franklin graham and what his message is to those impacted by the storm looking for something, anything.

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just use this...or this to call unitedhealthcare about an aarp medicare supplement plan. neil: president biden plans to visit florida tomorrow to assess the storm damage. we don't know if he will go to englewood, florida. madison, how does it look? >> i meta-distribution site which has seen a steady flow of cars all day. i want to stock them to talk to someone who is loaded up with a tarp ice water, you live in the englewood area, why pick up the supplies? what happened at home? >> everything happened at home, lost our roof, damage outside,

inside, finally got some water, but we don't have any power. we don't have any food and everything rotted, it has been really hard. i know a lot of people are worse off than we are but it has been hard to clean up everything. >> reporter: there's a line behind her, i will let you go. these are the things we are hearing all day, people coming up had issue to their roof, their home and these are the supplies they need because in charlotte county we are talking 57% of people do not have electric. i want to bring on the staff sergeant, your team is on the ground, we talk about supplies, why do floridians need this, how bad was this compared to other storms that hit florida in recent years? >> this is one of the worst i've seen in my career, this is my ninth hurricane and the

community needs us to help provide a service we have trained for, highly motivated for and it is an honor for us to do such a thing, we couldn't do more for these people and they are so fantastic. it warms our heart. >> reporter: thank you so much. we had some people cheering as we go through. it desperate situation but with the national guard and fema helping there is some hope but there is so much that needs to be done. i talked about the electric number but boil water notices are problem as well. neil: for a lot of folks in harm's way and ceiling after being in harm's away, and lose hope and they can see their faith tested and reverend franklin graham saying fear not. it is good to see you

especially under these circumstances and as you are aware, this is a very tough environment, remind people not long ago that this storm is not a judgment from god, quoting here, storms happen in life. a lot of folks who lost everything here to say nothing of those who lost family members are wondering where is god? what do you tell them? >> the lord jesus christ himself went through a storm in the sea of galilee when the boat almost sank. he got up and beat the waves but his disciples thought they were dead. the most important thing, make sure jesus is in the boat with us. jesus christ is god's son, he came not to condemn us but to save us. when the storms happen it is not his fault, it is part of life, the world in which we live in. when god loves us and cares for

us, we just need an anchor and that anchor's jesus christ. we put our faith and trust in him, not only will he take us through this life but at the end of our life he will safely take us to the next life to be in his presence in heaven for each attorney. as for the people, a lot of suffering in florida, people have lost everything, they lost a roof or part of their house, sometimes people lost all of it and a lot of people didn't have flood insurance because it had gotten so expensive they were forced to drop it and the state of florida, making flood insurance more affordable but people need our prayers, our help, the samaritans pricked -- in fort myers, inglewood and punt agoura, and working down for the least of the next 6 months.

neil: there has been a reassessment among some of the we rebuild and areas destroyed and we help people that don't need the help as much and we ought to be more selective in who we help, quoting from the vice president, we have to address this in a way that is about giving resources based on equity, understanding that we fight for equality but we also need to fight for equity, she went on to say, if we want people to be in an equal place, sometimes we need to take into account those disparities and do that work, what did you make of that? >> i disagree with her. we help all people. no question of people that are uninsured, or people with no way to build back, that is what we want to stand beside, but a person that lost a roof that may have a big house, another person may have a small house,

both lost their roofs and their contents are being destroyed and they need help so the vice president, not sure where she's coming from but we help everybody we possibly can and i do it in the name of jesus christ, all for people to know their help from samaritans purse, this is money that god has given and given in his name and so every one in florida right now hit by the storm is in need and those needs vary. i think we need to do the best we can to help everybody we can. neil: you are saying jesus would not want to help everyone, not distinguish, she seems to be saying i don't want to misquote her emphasis, you help those who need it most, they need it now.

>> i agree, in that respect we want to help people who need it the most. those who don't have insurance, no way to build back, we try to focus on them. it is a cleanup. everyone needs help in cleanup, everybody. and in fort myers are inglewood, they need help, fill out a job order and be down there with volunteers and pick up limbs or trees off your house, mud out your houses so if that is the case, doesn't matter if you' re rich or poor, we will help everybody but if it comes to putting a roof back on house, look for those people who don't have insurance and help them put their roofs back on. those that need to rebuild their house, look for those who don't have insurance and try to help them especially elderly people, a lot of people in florida who retired their and they don't have the means.

in the late 80s or 90s or my father's former assistant lived -- 93 years old and living in a mobile home with no one to help. it is a lot of old people, a lot of people uninsured, the federal government does the same thing. later on it comes to rebuild to those who need it most. neil: much is said about how we are turning away from god, and a good many not shutting down. places of worship, we are more of a secular society than we used to be. and ailing us, i know you have addressed this the other night in minnesota, 50,000 crammed in

for that but those are few and far between but in this country you don't see that. why is that? >> first of all a lot of churches got off message, they quit preaching the bible, quit teaching the bible. i believe the bible is god's word from cover to cover, don't understand it but i believe it all. a lot of churches have gone into more secular topics, political topics and people don't want to hear that, they go to church, want to hear what god has to say and the bible, teaching the bible, those churches are strong and those churches are full and i would encourage these pastors if no one is coming to your church, look at what you are preaching, you need to change your message. the problem with the church in america many have gotten off message and quit teaching that jesus christ is god's son who came to take our sins and shed his blood for our sins and god raised him to life and we are willing to repent, turn from

our sins and the name of the lord jesus christ, we shall be saved, people want to hear what god has to say and no question a lot of churches have turned their back on that message and as a result people quit going. neil: maybe it comes from the top. i was aware after the passing of queen elizabeth ii, your father billy graham, counseled her many times, 16 times in private audiences with her because she was trying to deal with this issue of personal faith and awesome responsibilities she had. if she allowed that, something that was never done, we don't see a lot of that today. i don't know if we clearly separate church and state, presidents have reached out to you, and i would imagine few and far between. wise that?

>> it comes as separation of church and state, our forefathers never intended us to be separate. from what we believe. it is important as politicians we are still the same person. for a person to go into politics and have faith that's not wrong and they should be able to, not the queen, she had a strong faith and if you listen to everything that was read at her funeral she wrote that herself and it was scripture, it was the word of god from the beginning to the end of her funeral, every scripture that was read, the scripture she had picked out, but she was strong and her faith and she was the queen, she wasn't a preacher, she was a queen. she was a wonderful person, my father respected and loved her very much and they were close friends for many years. i think she may be the last world leader that had a strong

faith in jesus christ, she may be the last one. neil: what intrigues you about this man? he just shrugged his shoulders, depends on the crowd i guess. thank you very much. good seeing you. >> thank you, god bless you. neil: we learn a lot. a little more after this. (vo) while you may not be closing on a business deal while taking your mother and daughter on a once-in-a-lifetime adventure — 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. your record label is taking off. but so is your sound engineer.

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neil: we are backup 711 points, gold has in advance for 800 points, regardless is mimicking what we did yesterday and that is a rare event on wall street, back to back gains but if we have again similar to yesterday, a 2 day advanced the likes of which we've not seen since april 2020, the significance of that with the strategy president in the middle of this we have this back on again twitter deal, may be that helped the market go a little bit or they are not necessarily sniping anymore, it is a good underpinning, what do you think of that?

>> don't know how much twitter had to do with the market rally, what we are seeing is there's a lot of doom and gloom, a lot of folks concerned they are looking for deals but we live in a marketplace that is highly electronic. once things move the algorithms accelerate so i think twitter is interesting. i don't know if you want my comments fully on that but for elon musk it was a bad trade initially, he revises that, overpaid his advisors and his stock, he was behind the 8 ball legally. neil: he's back to the same deal, the 54-11 and you could make an argument despite the deal, the fact is technology stocks including tesla have tanked in that time. you could make an argument the deal is back on. >> two ways to look at it.

elon is looking at his entire ecosystem. there are opportunities their way oversold. for twitter it was the case he was going to buy it anyway, and not going to waste anymore energy and bring more powerful people like larry ellison who was texting before he called the deal off. i think for him, take it on the chin, it's not a disastrous price but he sees upside and it is the entire ecosystem and it and to your point, this is a situation where if done correctly twitter is unable to do it but could be a situation where he could leverage and take the company to the next level. he has the means and reach but don't waste money and energy and time on a lawsuit that could be dragged out. neil: your thoughts on the market itself, do you by the rally? are we back in you know what mode?

>> i'm a trader, i have been selling it today. i actually held yesterday in selling a little bit today. i got some s&p 500, i have been nibbling here but i am concerned with inflation, starting to see prices, makes me feel a little bit better but 75 basis point hike is on and not out of the woods just yet. neil: still baiting on 75 basis points but it is getting a little volatile but see what happens. up 704 points and expectations are we will see another 3-quarter point hike in november. they don't have to move then, they could move forward and it used to be commonplace but a little more after this.

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neil: my zz top roll here is done, now to the main event, charles payne. help us my friend. stuart: finally give me something to work with. neil: there we go. stuart: i appreciate it a lot, neil. good afternoon, everyone, i'm charles payne this is it "making money." breaking now stocks are rallying again as buyers reemerge. this is this morning before the open. a whole lot more poured in learning the jobs openings plunged one million jobs. this is in august a few months ago. buyers are hoping that maybe jay powell sees the news? meanwhile the united nations demanding that central banks stop hiking rates. another global institution