stuart: neil: after ian trying to pick up the pieces, the transformer of role of a president, whether there is a natural disaster, a chance to visit hand it has happened more often than presidents would like, that's

the latest example for this president in fort myers, florida where we find robert ray who has been following this in stellar fashion day in and day out, the latest from fort myers today. >> reporter: thank you. this is the road right here that leads to fort myers beach that the president of the united states, first lady, governor ron desantis and other officials will come in, a convoy will begin in the next hour or so. he landed at 12:39 eastern time and will say take a look at this, look at the rubble and piles that exist on the side of the road. that is what the president will see. he will see large vessels like this pushed in from the waterways, the marinas because of the storm surge. this is up and down this area unfortunately and he will get a full sense of what is going on as he and governor desantis

have been cordial with each other during this period. i've been talking to officials yesterday and today, the fire chief of fort myers beach who his team has been on the ground sifting through the piles of debris out there and he says it is complex because of how deep it is and search and rescue will continue in his words another 5 to 7 days. he described in the aftermath after ian hit a week ago pooling people out alive from underneath piles like this. there has been folks that lost their lives as well but he talked about and those numbers continue to rise and emergency officials are coming off the beach as this area is becoming locked down for the president to come in, hundreds of thousands without power in this area in florida.

in some of those pockets that have actual not devastation, they expect power to be out by the end of the week. having said that, the economic impact in this region is unknown though i will say the early analysis puts this as a top 3 ever disaster as far as money costs, and we know katrina, and the charter business is gone. i was talking to fishermen what they were going through, early estimates by then, maybe they can get tourists down here in the next 24 months. the insurance battles will continue, people coming back to their homes and total destruction and loss of life and loved ones.

neil: the real human impact, in grove city, it is widespread the impact particularly when it comes to automobiles and good luck with that. >> that is the case which i want to piggyback what robert ray said, billions in damage across florida, big hits to homes and two cars and that is where you see a problem, people need those cars, scammers take advantage of them, anytime you see a major storm like this there are real fears scammers take their damages and put them on the market, concern for those, cars sold in florida after a storm are marked as damaged, and if scammers get out of the state into other states, that is a huge problem.

>> i'm concerned, we will get an onslaught of salvage vehicles because it is such a market to sell used cars, there is high demand and low supply, profitable for criminal enterprises. >> reporter: this could be tens of thousands of cars winding up on the market, that shouldn't be there. this problem after the storm in particular, there has never been a more profitable time to sell used car. unfortunately the shortage of used cars driving up costs is getting worse because of the devastation caused by hurricane ian, this is a used car shop. these cars were all available for sale before the hurricane hit, the owner of the shop was in new york, unable to move the cars and as you can see, half of the cars on his lot have cosmetic damage and even though

this is shocking, the reality is he said this is fixable. what is more concerning to him is the water damage, he says maybe all the cars have some amount of water damage rendering them completely unusable, not available for sale, that's a problem for the people here, so many lost cars in this hurricane, in these floods and it will be more difficult for them to get a hand on a new vehicle and restart their life. neil: it has spread into areas you wouldn't have thought possible we could go. i want to go to congressman mike walt's, the house armed services committee, former green beret, congressman, the more we see, forget about the tall, so many homes destroyed and lives lost, 100 by last count and there's a sense with the president's help and federal disaster declared, this will take years to fix and

clean up. what do you think? >> that is what president biden will see today, it will take a whole menu of federal agencies and their capabilities to help with that. right off the beach behind fort myers is a lot of farmland. it is very rural and produces a lot of agriculture. the department of agriculture needs to help with those damage assessments, the army corps of engineers looking at all of the infrastructure and making those assessments, the small business association, administration on all these businesses that have been devastated and just recovering from the years of covid. it will be a whole of government approach and a lot of this aid has federal, state, and local cost share and that is where we need all elements of the government to come together, politics aside, and help these people who are in

need and i hope president biden realizes it is a whole swath of the state. i'm on the east coast where my district is and the flooding has been historic. we had a storm surge, this is a significant significant event that will take a long time. neil: going back to your service to this country as a green beret, a lot of your colleagues, including congressman steube who is on the golf side, say we've got to deemphasize ukraine, stop giving money to ukraine and start giving money here. here because of the theme not of all but others who say we have plenty of hurting folks here including your state. >> we do. the iron a is the best way to help ukraine is to lower the cost of oil. every time putin has felt

emboldened to invade with georgia and ukraine and now over $100 a barrel, besting biden can do rather than sending money over there is to reduce putin's cash flow and his war machine by unleashing american oil and gas. is also leading an effort to push the house and senate have a supple mental for this aid and other states affected and not use that as an opportunity to load it with progressive priorities. neil: no more money for ukraine, i know you don't agree with that, maybe you relate to his frustration over this but what do you think, it was a binary choice either or? >> we have to do both. we have to stop putin's march across europe.

we don't help ukrainian stop him now, he will move to poland and the baltics and that will drag american troops, they will do the fighting and dying, they are asking for the bullets but the best way to stop this war is to lower the cost of oil. neil: they decided to cut production by 2 million barrels a day double what folks thought, trying to goose those energy prices, that enriches vladimir putin so once again he benefits while we don't. >> that is absolutely right. rather than unleashing oil and continues to talk about these leases, not giving permits to explore the leases in the united states and this outreach to places like venezuela and iran which has 50 million barrels it is trying to sell as part of the iran deal is a wrongheaded policy, wrong from a human rights standpoint from

us national security standpoint, it is not working. the answer is right here at home and that would solve problems from inflation to what we are paying at the gas pump to putin's war machine and there is this entrenched agenda that believes we ought to move to clean energy but that only makes us dependent on china for the solar panels, lithium for the batteries and the turbines so it is trading one dependency for another. neil: thank you very much. mike walt's, florida congressman on the armed services can become a former green beret, we sliced these losses. it helps when interest rates start declining a little bit, the oil prices that it rocketed but it almost dovetails. when that happens, the stock is selling, more after this.

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chevron with component of the dow jones industrials, they spread out, mitigating the effect of yields and all the rest of the treasury notes, combined those and we got a downdraft of 67 points but consider this, we gained 60 one points, the s&p 500, nasdaq, 5% over two days. some giveback is to be expected, not giving back that much, we keep an eye on that and keep an eye on slowdown signs as the pendulum seems to be swinging back to their bosses including those who say they consider cutting jobs. ashley webster on that. ashley: it is fair to say the great resignation is over, the days companies have a hard time retaining employees as workers jumped ship to find better paying jobs in a tight labor

market, those days are no more. report shows 51% of ceos in the us are considering job cuts over the next 6 months. more than half, 39% say they already implanted a hiring freeze. is turning the other direction according to the global survey. major companies that cut jobs or implement a those hiring freezes in the last two months, it includes meta, facebook executives are in the process of executing quiet layoffs, 15% of the workforce which would translate to 12,000 employees losing their jobs. we reached out to meta for comment who told us the report was inaccurate and referred us to previous comments from ceo mark zuckerberg who said the company plans to reduce head

count growth over the next year. amazon is confirming it is putting a cause on hiring for the retail business telling fox business amazon continues to have a significant number of open roles available across the company. many different businesses in various stages of evolution and we expect to keep adjusting hiring strategies in each of these businesses at various junctions. that is business speaker. the latest data does show the trend, us job openings fell by the most into and a half years in august plunging more than a million for the month before and suggesting a sign the massive us labor gap is beginning to close. despite the outlook for job losses, on the upside, the survey does show 58% of ceos expect recession to be mild and short-term. let's hope they are right.

neil: reaction to all this, they expect the research president and macro strategist, if bosses are starting to say we are looking at layoffs and we have already known the number of available jobs fell dramatically, things could be swinging back and the bosses favor which in this environment might not be that great. >> it could be but that is what a boss's job is to do, to say they are going to cut people. they always do but we produced 300,000 jobs every month. a 5 month low in additional claims. we saw a big drop in the jolts report but we saw one of those two months ago and it got revised away, we've still got 1.67 open jobs, it is extraordinary.

i get it, everybody things the labor market is supposed to be in a bad place but it isn't. that's part of the problem, the bond market and the fed. neil: an interesting read on it. you think bosses like their workers to be paranoid. i will be generous and say it makes more productive but otherwise they might relish making workers feel paranoid. i wonder if we are to read into this, that at the very least able cool it on hiring and that is the reading from the facebook thing looking at cutting 15% of their workers and put the fear of god in them for a host of reasons including you better get back into the office, the remote work thing is gone. they are the first target apparently, the remote workers. what do you think? >> a lot to unpack. the paranoia you are

describing, the tension bosses want to impart is coming in part because bosses are fueling tension on their own goals and expectations and earnings pressure, there's no question the entrepreneurial community and software companies like ours are under capital markets and earnings pressure, financial sustainability and you look and say what is my employee count and how tightly are they integrated and are there things i can contract and i never see this guy or this woman, there's a lot of dynamics at play and by and large they do not augur toward the benefit of traditional jobs and employment relationship so there's pressure.

neil: we were in positive territory and we were up 300 and more points. this might have to do with the fact we have energy backing up on this energy commitment on the part of opec and other countries to curtail energy production by 2 million barrels a day. that is in the energy sector and the dow itself, big names like exxon and chevron but beyond that yields that backed up, 2 years, 5 years, 7 year securities backing up not as dramatically but we make an update after the first two days we saw, a lot of people saying we better pay more attention to this, more than a bear market bounce. we shall see after this. ♪

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neil: how much opec controls the market, a few years ago. opec and opec plus companies were not former members, they agreed to cut production by 2 million barrels a day, cut down on the supply and demand, and grady trimble following it in chicago? >> reporter: you will notice prices at the pump, this decision from the opec plus oil-producing companies. patrick expect gas prices to

increase from $0.15-$0.30 because of this move. on the west coast prices have been really high, they come down a little bit, that is because they scored in the last few weeks due to those refinery issues. other parts of the country like the south and east coast would be hardest hit by this opec decision and they will notice prices going up. oil prices climbing because of this move, some haven't been hitting their quota. s&p global says the actual cuts are 2 million barrels a day. 8000 barrels a day, it is less but still significant. the white house took credit for falling gas prices, they are doing a u-turn. >> more nuance than that.

there have been global challenges we've all dealt with, meaning all other countries have dealt with since the pandemic. there has been pandemic and putin's war, it has increased gas prices at the pump. >> the biden administration continuing to address releases from the strategic petroleum reserve. that is a reversal, press secretary karine jean-pierre told edward lawrence more oil coming out of petroleum reserve was not on the table. democrats don't want to see rising gas prices as the midterms approach. neil: awkward timing. if you need any reminder, opec is back in in the drivers seat, i wonder where this goes

because if anything it has enriched vladimir putin. >> reporter: thanks for having me on. when they talk about the strategic petroleum reserve, it is at the lowest level since 1984. think about that. president biden has taken 33% out of the strategic petroleum reserve. middle east countries and opec, cutting back to million barrels a day, that is a real shock. what he should have been doing is a lot of public diplomacy, in person diplomacy as well picking up the phone and calling saudi arabia and saying what is going on? the only thing hurting us is lack of personal diplomacy. who gains by prices going up? the russians do so they are gaining on this and we are hurting our energy economy and

it is going down. it is a move that shouldn't be there. neil: i mentioned vladimir putin and wants to get your thoughts on this annexation push, the territories russia's control and the ukrainians had an attack on one of them and had it back almost entirely to themselves. what do you think of this? >> the place to look is look to the south, the southern approach, what zelenskyy said is the war started in 2014, it will end in crimea. if he can take the pressure on the southern part, not the northern part, that is a misdirection. if he can cross this over, that is an x essential threat to survival of the russian army in ukraine, the russian army called up 300,000 reservists, that will not help in the near

term, and the second part of that, equal in losses, was unsustainable. has gone from frontline t 82 to t 62s. it is a 4-man crew instead of a 3 man crew. they don't have the troops to do the. when i looked at the indicators he has major problems and my concern is what will happen. right now today the ukrainians are on the march and here is what is amazing, not providing what could have been provided and should have been provided. neil: we watch closely, we are keeping track of develop into in florida, not only the president of the united states, but from hurricane ian, not everything is out including the

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>> ignition, full power and liftoff, go crew 5. >> one alpha. >> copy, one alpha. >> pitching downrange.

neil: i wonder what elon musk has to check off in the morning, conclude this twitter deal, check, make sure i am prove delivery times for total vehicles, check, launch another rocket into space, drop off some more astronauts to the international space station, up the ante by doing it another twee 8 times in this unique contract i have with nasa. must be good to be elon musk. phil keating following from cape canaveral. here we go again. >> reporter: another successful launch for elon musk's space x team, the crew 5 mission is on quite well at this point, three astronauts and one cosmonaut are comfortable for their ride on the space x dragon capsule. it is gorgeous and a glorious launch as well.

>> three rookies in space right now and -- pretty happy to be back. >> straight up at noon eastern, blast off from launch pad 39 a at the kennedy space center, the crew has a relaxing cruise control, 30 hour ride for docking with these, tomorrow afternoon, they are nasa astronauts nicole mann, the first native american woman to get to space and the mission commander, pilot josh kusada, koichi yokana and anna co coquina, he spoke the first words on board going 10,000 miles an hour. >> three rookies are happy to

be in space right now, one veteran astronaut is to be back as well. >> reporter: as the crew rocketed on the second stage the main booster came down for another perfect landing on the ship called just read the instructions, they will live and work in low earth orbit 250 miles above earth conducting hundreds of scientific research projects. the artemis mission, the first test flight and first of 32 land americans on the lunar surface, first time in 50 years since the last apollo mission, got delayed, and nasa is targeting mid-november. and it was downgraded to a tropical storm.

and dumped 14 inches of rain in this region, standing water in puddles, and everything here at kennedy space center essentially normal. everybody very happy after an optimistic morning with a 90% weather good for go conditions, looking good. neil: no matter what we throw you, hurricanes or space launchers, you cover it effortlessly. good to seem some good news out of florida, floridians need to see that. is unique and unique place. to charlie gasparino. many urged me to get me into a rocket and launch them into space, he is still on earth for the time being for now. i am thinking of the guy behind this space mission, elon musk, he is going to be spread thin, this twitter deal back on, what

is the latest? >> i'm not leaving for space, until winning the bet that he wouldn't eventually by twitter, what is fascinating about the story is just how it unfolded was interesting but at the end of what was going on. this is what i have been told. he met with anchors. i have firsthand knowledge of those recent conversations and until recently, telling bankers he still wanted to buy twitter. this whole thing, backing out, the court fight was all about her renegotiation so now he's going to buy twitter except not to renegotiate. i thought he was in strong position, i predicted they would jump at it and it was a mid round and bankers were

pitching ways to finagle the numbers from what i understand. what happened to? why did he cave? he thought the court case was going horrible against him, the discovery, making a move like a jerk, didn't know what was going on and he learned he's going to have to pay a lot of money, might have had to pay more and her ted l'amour if this went to court, it could damage his rep. some stuff that came out in the deposition to jack dorsey and this guy showed the bot problem he used as an excuse or what else was in there. that is where it came down to it. his confidence was i've got to buy this thing, the best way to protect tesla's brand, tesla is

currency to buy twitter, settling and paying and he hasn't paid yet. this is not done and it is not done until you see the press release but paying for this thing was the best way out of it. you ask can he do those things? my guess is twitter is the least difficult thing for him to do. it will be a private company, he doesn't have to make quarterly earnings, that is one of the problems twitter stretched to make money and do things and come up with new stuff. if you are private you don't have wall street breathing down your neck as you transform a business, that is a positive that will help him save time to other stuff. i think twitter, if you look at the stuff he's doing, tesla, space x, probably not -- will not be his against challenge. you are my biggest challenge,

back to you. neil: i still have a shot at winning this. my rocket skis or whatever. you are going down, brother, going down. thank you very much, charlie pastorino -- charlie gasparino, down 67 points. after this. i'd like to thank our sponsor liberty mutual. they customize your car insurance, so you only pay for what you need. contestants ready? go! only pay for what you need. jingle: liberty. liberty. liberty. liberty. another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business.

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neil: we are getting close, 5 weeks to the midterm election and the debates begin, some big ones including one in georgia. mark meredith has more on what is at stake and who is at stake. >> reporter: a recently released national poll shows black voters are not as likely to vote in the midterm elections compared to white voters, the poll conducted by abc in the washington post found it found among registered voters 78% of white respondents were certain to vote compared to black voters which showed a 20% drop. the poll didn't explain why they were seeing a drop off but this could have major consequences on a number of elections nationwide including georgia where democrat stacy abrams implored black men not to stay home on election day.

>> the challenges faced by black men, i've got two brothers and the father and i refuse to believe there is no answer to the crisis that has befallen the state for 20 years. we do not need a study. we need a leader and that is why i am running for governor. >> reporter: reverend al sharpton said he believes the white house is struggling to connect with the black voters despite efforts to address issues impacting the african-american community, republicans insist the white house is missing the big picture and slammed the president when he was in michigan saying democrats are driven out of office in november because they put their left-wing special interests ahead of american struggling to fill gas tanks. this year we have seen republicans try to make a concerted effort to reach minority candidates, right now two black republican serving in the house, republicans eager to reach the voters they haven't been able to do.

neil: mark meredith. let's go to a very good writer, very insightful on all of this, the latest talk is the house looks doable for republicans, maybe vera -- do you agree with that? >> i don't have a firm opinion, don't think anyone smart has a firm opinion. there are do many unknowables. the overturning of roe versus wade is a backstop to potential big democrat losses but when you get to three states that matter, georgia, pennsylvania and nevada. you talk to people in both parties no one is confident they will win so i am confident the number will be 50 one, 52 a but don't know if it will be 51, 52 republicans or democrats. everyone should have humility

heading into this election because there is still as we learned with the scandal recently in the revelations there is a lot left to play and it is hardly october. neil: that is for a senate seat and republicans want to gain that in democratic hands and all these revelations, herschel walker, which he denied some years back and trouble with his son and the nastiness there but republicans rally around them, 24 hours coming to light so looks like the party is rallying around but have we seen any impact from this? >> nothing showed up in the polling but your point is the right one, republicans had a decision to make, a choice to make right after these revelations came out and the republican establishment stayed with herschel walker and are not pulling money, sending it

to nevada or new hampshire, that is true for now. reporters trying to figure out whether or not there are any late game money shifts and that will tell you, you know my theory on polls in october, don't look at it. it is like the sun, you want to look at the polls, the polls are bad and won't tell you anything, don't do it. we will both look at the polls because they are fun to look at but we shouldn't but we should look at where the spending is, it is more calibrated approach. the spending is still there, and indication republicans think they can hold on, but more revelations and the story is difficult to snuff out especially if there are other iterations, there could be more shoes to drop. neil: there is the issue how much impact these stories have on other candidates. medical advice when he was doing a show, going back

decades. the stuff happens. i was wondering if it moves the needle when so many vote on the economy, inflation or this other stuff, the issues abound, the roe versus wade decision you alluded to but in the end, will it be the economy? will the president who is not on the ballot be on the ballot? >> campaigns are always on the margins, wipeout a blowout year, doesn't look like it will be a blowout year, still favoring the republicans but ask the counterfactual, if you were inside the walker campaign would you prefer these revelations even though they are denying it, would you prefer the story not to come out? the answer is obvious. i don't know if it is worth 10,000 votes or 100,000 votes or the daily beast will come out with more reporting but in general you want to avoid stories like this in october even when you have the wind at

your back in the polling is trending in walker's direction. they are more confident about that race than a week ago than they were earlier in the summer and democrats were privately getting worried in georgia, what they were seeing in their internal polling. when they looked at their internal numbers they were getting concerned as well but we don't know about the fundamental dynamics. neil: still early, great talking with you. in bethesda, maryland, we are following what seems to be a good performance for the dow through 2 days of heady gains, not getting much ground, briefly and positive territory, 78 points, we are up old after this.

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neil: you know florida has a lot of rebuilding to do, but the one thing it is famous for of course our space program, being the launchpad of choice quite literally for space missions

going all the way back to mercury, gemini, apollo, what we're seeing with spacex. the latest spacex mission, dragon, three hours from docking up with the international space station. get a load of this, a russian cosmonaut is on board hitching a ride. how our fortunes have changed but it's a reminder that life goes on in florida and very good news out of florida, now to charles payne. charles. charles: neil, always looking at the bright side. thank you, my friend, appreciate it. hello, everyone, welcome to "making money." really a pretty interesting day, right? we were downs much as 400 dow points, over 2% in the s&p. check this out that is a serious come back, despite the fact economic data coming in better than expected. maybe, maybe the market is looking past the fed. we have an amazing lineup of folks including lance roberts at top to help us out with that. i mentioned oil, guess what? the fist bump didn't w