say 350. stuart: lauren simonetti. lauren: go big or go home. number four, 350. stuart: you think that 350 slices of pizza eaten every second? lauren: yes it's not much different than 300. stuart: is this pre-ozempic? i'm going big or going home, i'm going 350. stuart: i'm going 350. there are 330 million americans, and we're right, yes, ladies and gentlemen. 350. that's roughly 2 1,000s slices per-minute and it would cover 100 acres of land. now you know. lauren: i wonder how many pies we individually eat per-year. stuart: maybe that will be a trivia question very soon. who knows? john thanks for being on the show, mark thanks very much for being on the show. we have about five seconds left before we introduce neil and "coast to coast." 3-2-1. neil: you know, i like when you

say "coast to coast." stuart: [laughter] neil: it sounds so much more authoritative. maybe it's the british. stuart: i will not try to imitate an american accent on live television. i did it once and i'll never do it again. my family was really unhappy. neil: why soil yourself. stuart: [laughter] neil: i have no problem trying british accents. stuart: i noticed that. neil: and they're horrible thank you, stuart, great show as always, my friend. we're following the same thing you are this follow-up in the markets right now, but we're so pursuing very soon in the show with the ceo of edward jones, penny pennington, what she makes of average investors are doing and saying around this time a lot of people have hand-holding and assurances. she's very good at that. her firm is and we'll pick her fine brain on what is happening right now because we have made back, i think, about a half to two-thirds of the ground lost in the major averages, so we're a

long way from making even after monday's big sell-off, but we're getting there. we are getting there. scott redler now, the t 3 trading chief strategist on how we're getting there. i noticed across-the-board, coming back but not fully back, scott, so what does someone like you look for in the days following this? >> well in the days following you want to see what type of rally we have, is it feeble and at this point, i think this rally was impressive. we hit 5,100-ish monday and now we're above 5,300 and we took back about one-third of the overall move. i do think this is a little bit different than what we saw in march/april. if you remember we put a little short-term top in that quarter, when we pulled in 5% but within i'd say 30-40 days we're back at a new all-time high. i do think that this corrective phase will go a little bit longer. we went about 10% off the highs. it wouldn't surprise me if we

actually don't make a new high on the year, meaning the rest of 2,024, we don't get back to where we were just a month ago, but i do think there will be opportunities like there always are and i do think that about 5,100 should stick for a bit but i can't give you confidence that's going to be the low before the fed on september 18. neil: you know what has almost gone back to what it was is the 10-year note. it is now in and out of around 4% and it had gotten as low as 3.68% and it was from that earlier lower level that a lot of these mortgage rates are based on the latest weekly figures that show demand speaking 16%, so i'm just wondering, is that just a short-lived event? the higher we go, certainly even 3.94 or 3.95% is a lot lower than the 5% we were in and out of a couple of months ago, but what do you make of that, and the market-rates that are no longer tanking?

>> i think it's helpful. that's what also fueled the bounce. if you recall, the streets been fully on how many rate cuts we were supposed to have and when. the fed did this on purpose. the economy was overheating, inflation was definitely way too high so they raised rates for all of this to happen for the economy to slowdown, for the housing market to cool, so all of these individuals are kind of calling for this surprise rate cut, even this week, even tuesday, a little bit out of their mind to be honest. at this point the s&p pulled 10% off the highs, and we still have almost 10% for the year. it's not a recipe for a surprise rate cut. i think the markets a little spoiled but i do think that rates a little bit lower will help the housing market. it's not an extreme the way it was, but i think we're just kind of normalizing at this point for the market, for rates, for housing, for inflation and a lot of things and it's a

process so at this last point we were talking, like the fed has to cut rates in september, we're only 2% off the highs. we need sentiment to decrease, a corrective phase in the s&p which we just had a big decent one, and now, i do think we're setup for maybe two to three quarter rate cuts into the end of the year. neil: all right, we'll watch it very closely, i apologize we've had some audio issues with you scott but always great hearing you. we've got the gist of what you said. i want to go to kelly o'grady because she's following another phenomenon like earnings from companies and one thing i've been seeing, kelly, you and i have been talking about this for a while now. it's not so much the numbers that companies release but what they're noticing from their customers and if you think about it, it started with pepsico, and we've seen it now with disney, sun micro, airbnb, cbs, a growing list of companies that depend on the consumer and the consumer is just not doing what he or she was, so what are we to make of that? >> that's right, neil. it's all about the consumer

guidance going forward. so look, we've got a lot of insight there coming out of today's earnings especially on the bigger ticket items like travel and experiences. the headline here is that things are getting tight so i want to start you off with airbnb. the company recorded 125.1 nights booked that's the highest second quarter they have ever seen but the guidance is what sent the stock tumbling. third quarter revenue predictions were well under what the street was expecting. airbnb is seeing signs of slower us demand, shorter booking lead times across the globe. you can see the stock is down close to 14% today. another travel company facing headwinds that reported, trip advisor so the booking platform really missed badly on sales, you can see the stock down also close to 14% today. the company explained the miss with weaker demand, and warned that trend is going to continue into the third quarter. they actually lowered guidance to low s single-digit revenue growth to what we saw from

airbnb. finally i want to get to disney. the parks and experience segment really struggled this quarter. operating income down 6% domestically, 3% overall. on the earnings call, management attributed the drop to inflation as well as soft consumer demand that they saw towards the end of the quarter. they also warned that demand would continue to weaken domestically over the next few quarters, not what they want to hear when they are investing $60 billion in that space over the next 10 years. one bright spot i want to end you with, streaming. so the combined streaming segment turned a profit for the first time ahead of the company's own estimates. disney shared that subscriber increase. they expect that trend to continue, so neil, you kind of zoom out. what we're seeing is guidance from these companies. the consumers are willing to shell out for some of the small things like the disney plus subscriptions but the guidance around the big ticket items, the hotel stays, parks, things you have to plan for as a consumer that's where you see the weak demand and where you see the investor

trepidation, neil. neil: you know what's weird about that too, kelly, it's a little instruct ever here that disney and theme park visits are very very expensive so i can understand people dialing that back a little bit. when i hear from pepsico they are extending it to doritos and chips and that thing that gets me panicking so i don't know. we'll watch it closely. but great job as always. kelly o'grady on that. meanwhile, lydia hu following another facet of this what's happening on the interest rate, we've told you of course for a while remember when interest rates, the 10-year note to which a lot of mortgages are attached they came tumbling down. we've got to around 3.68% which is about the time we pegged the latest mortgage rate numbers, and that coalesced with a big pick-up in mortgage demand. lydia hu on how much demand. lidia? reporter: yeah, hey, there, neil. this seems to be a bright spot in news for those potential home buyers as we see the mortgage rates are falling after friday's jobs report. a little bit behind the scenes the mechanics of what you were

just explaining. the investors are searching for safety on concerns about the economy after the jobs report. they are piling into the treasuries which drives the yield down. the 30-year mortgage tracks the 10-year yield so that's how we get here. falling mortgage rates. take a look. rates on the 30-year sinking to their lowest we've seen. this year 6.56% according to bank rate down from just last week when we saw 6.85% on the 30-year, so maybe not surprising, home buyers are rushing to seize this opportunity. they are piling into their mortgage applications, submitting them. new data out today shows those mortgage applications are up 6.9% in the past week. applications to refinance also surging, almost 16% higher, and some more encouraging news here for home buyers. housing stock is hitting a post-pandemic high. there are now 36% more homes on the market now than there were

this time last year. these improvements help a home buyer in the short-term, sure, but most homeowners have mortgages that are below 6%, and they say that will continue to deter them from selling. listen here. >> every improvement is going to bring some people back into the market and so it is a helpful development but we've got more to go before we see a lot of those locked in sellers really get off the fence. reporter: and let's just take a quick look here at how some of our homebuilders are doing. polte group down about seven-tenths of a percent, toll brothers down a percent and a half here, neil. the thing about the homebuilders and how they are fairing in this environment. sure there's definitely a shortage of homes so there's demand for homebuilders to construct the single family homes but we also need a consumer that can buy a home too. you've got that jobs market. that is signaling some possible trouble in the economy giving us some concerns, as well as inflation and we've got trouble finding people that

can buy into a brand new home right now. neil, back to you. neil: yeah, that's the conundrum, plenty of homes that might be available but not at the price point that people who are looking at those homes are able to pay. great reporting, lidia. appreciate it. all right, so you're a customer at a brokerage firm, an investment bank, and you're nervous and you're calling a lot. that typically happens when we're in the middle of a free-fall. maybe less so right now but who better to ask than edward jones ceo penny pennington back with us. what are you hearing from your customers? what are they saying? i'm sure sometimes there's a lot of hand holding and sort of guiding people through it but what have you been noticing? >> absolutely. neil, great to be with you again. well, what's going on right now is the market looking for certainty and our clients working with our financial advisors to ask questions about their financial plan, to make sure that they are still on track to achieve their short and medium and long-term goals. like things that you've been

talking about. purchasing their first home, or maybe moving across the country to be closer to loved ones or closer to their grandkids which is my life right now. also thinking about those experiences, like going to disney world and taking their kids and grandkids and having those experiences, so on monday, we would have had a lot of conversations with our clients to say yes, you are still on track, and let's look for the opportunities. you know, the market helped a lot of investors rebalance their portfolios on friday and monday, and we'd rather our clients do that according to their schedule rather than the market's schedule, and so this was an opportunity. during times of volatility to really take a step back, to focus on the medium and long-term, to make sure that the portfolio is well-balanced and to look for those opportunities at the same time. neil: you know, no one has a

crystal ball and can tell exactly where the markets go but they don't necessarily follow the exact same pattern, but they usually have the same bumpy trajectory after the freefall. nothing like and i know a lot of people were starting to sort of conflate the last big financial meltdown with what was going on here. i always like to point out that at that time we were losing hundreds of thousands of jobs every single month. this go-around, we reacted to a report that showed 114,000 more jobs in the month. it was deemed disappointing but it was not a collapse in employment so what is your view and what do you tell your customers about where this economy is now? where these markets are now. >> one of our best financial advisors says a good plan is better than a bad prediction, and so i'm not going to make a prediction here; however, this economy is a strong economy. we're in this world of bad news is bad news and good news is bad

news. don't forget, just a few weeks ago, we saw an inflation report that was lower than what was expected, and that's what people were looking for. we're actually seeing consumer demand soften, which means inflation is coming down. we're seeing services inflation beginning to pullback, so all of that says that the economy is resolving toward a softer economy, a softer labor market, but the fundamentals are still very strong and i think we should also not forget that the promise of a.i. and technology is going to enable our economy to be even more productive and innovative. i think there's great promise there. there's one other thing that i want to say about the volatility that we should be expecting right now, given inflation, interest rates, and a coming election. you know, it's very interesting

that in election years, it is more likely that the market is going to be up and up more in an election year than in a non-election year. that's generally going to happen after the election occurs, because there's certainty then, so what we say is don't play politics with your portfolio. stay focused on your medium and long-term goals. make sure you're looking for opportunities. if you've got questions, talk to your financial advisor about that. those questions are real, and what's happening in the marketplace right now is affecting real investors and their plans. we're here to help. neil: and it depends on their age as well, right, penny? obviously, the younger you are, you have more time to sort of adjust to this , and sort things out and longer term the market is always i think 80% of the time, is friendly to you. in other words 80% of the time going up, 20% of the time going down, but that is over, you

know, more than a century now and then there are periods where you lock into a series of sell-offs because some sectors got rich. you mentioned a.i. a lot of the key a.i. plays are coming back, but many of them are already in and out of 15-20% corrections from their highs. obviously more than 20% puts it in a bear market so the reason why i'm mentioning it is that even some of the promising investments are taking it on the chin. now again, it gets back to how you advise a younger investor versus an older investor. the older investor might be looking at retirement pretty soon is looking at this and freaking out, right? >> typically, a younger investor, you said it, has more time but that's kind of a rule of thumb. with each of the clients that we work with, each of the families that we're engaged with, we talk to them about their goals. their short, medium, and long-term goals and we also talk about their tolerance for risk

and you know, that's an abstract phrase. what it really means is how are you going to feel when we hit a bumpy point in the market. are you going to want to retreat or are you going to feel more comfortable continuing to engage even in a volatile market. that's a family-by-family and goal-by-goal conversation. neil: but when you say engaged in a volatile market, i didn't mean to jump on you, but does that mean engage in more conservative investments, dividend-paying stocks, utilities, that sort of thing? maybe don't go the big sexy fast market names if it makes you lose sleep. obviously you can't get inside every investor's head but isn't that what's going on right now among a lot of investors? what do i have the stomach for. >> absolutely. you're absolutely right. now, fundamentally though, every investor needs to be

well diversified, according to their tolerance for risk and volatility but you need in your portfolio something that you're always going to be a little bit mad at. not everything in your portfolio should be making you supremely happy, because you never know when that sector is going to turn, or when that asset class is going to shift. that's why diversification is so important, and why it's so important not to lose focus, not to panic at times like this. just think, neil, if investors had been out of the market the last two days, because they got afraid on friday and monday. that be a real shame and this is where real good financial advice comes in. helping people take the emotion out of these decisions, and remain focused on their goals. neil: i know you hads avoid investment advisor where the markets are going to go and you're wise to stick to that because even the brightest minds

i know don't know, so i'd like to get your sense having gone through a couple of other downcycles, what's a lesson we learn? stick through it? rejigger your portfolio a little bit if you're nervous about it, what? >> it's a boring answer, neil. it is the way it has always been. as an investor, focus on your goals. get real clear about the possibility that you're looking for in your life, work with a financial advisor to scenario plan against that. what might happen? what might happen if something shifts in the market but what might happen if something shifts in my life? have a couple of scenarios in mind. make sure that you have a well-balanced portfolio according to your stomach for volatility and then continue to stay engaged with your family and the goals that your trying to achieve together and your

financial advisor to help you stay on track. it's as simple and as boring as that. neil: no, it's very good advice. penny, what i try to tell my family, when my sons start calling asking how are investments, dad. i always like to reframe it and say well your mother's investments and mine are doing quite fine, and i like to reposition that, because there's nothing that they are getting anything so it's tough love approach can be very beneficial in the market downdraft. penny, terrific job, great catching up with you and some very sage advice on just stepping back and looking at the big picture. we always appreciate that. in the meantime, the candidates are off and running right now, and this backdrop of what's been going on in the stock market has both playing it very very very differently. after this. ♪

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neil: all right, stocks are trying to make it two days in a row after three awful days in a row that had many people talking about a bear market, that is not the case right now, although for some individual issues it could be the case and of course republicans wasting little time

blaming this on democrats in power, and of course the same democrats running to get another lease on the white house aren't saying this is much to do about nothing. or something like that. grady trimble in detroit where the newly-minted presidential team of kamala harris and governor walz is going to make their case. how does that stand? reporter: hey, neil. well vice president harris and her new vp pick, governor tim walz, will be here in michigan this evening but they will start their day in wisconsin with a rally there this afternoon. senator j.d. vance who is of course former president trump's runningmate is working in reverse starting his day here in michigan and then he's heading over to eau claire, wisconsin, and as he does that, he and republicans at-large are sort of painting the harris-walz ticket as extremely progressive. they are kind of digging into governor walz's record in minnesota, going after him

for his handling of covid with restrictive lockdowns even establishing a hot line to report people for not following the rules. republicans are also attacking walz for the delay in calling in the national guard during the george floyd riots back in 2020. despite those criticisms, walz says trump is the one who failed on covid, crime, and the economy. >> he froze in the face of the covid crisis. he drove our economy into the ground and make no mistake. violent crime was up under donald trump. >> [applause] reporter: and as you know, neil, walz is not from any of the key blue wall swing states that harris will need to win. democrats though are saying they think he'll be able to help deliver some votes here in michigan and pennsylvania and other of those states. they say he'll have appeal in

the heartland but here in michigan whereas you know the auto industry is so important, republican senate candidate mike rogers says he doesn't think that walz will play well among auto workers and other workers here in the wolverine state. >> governor walz very liberal. i mean, did i mention very liberal? it's not going to sell well here in michigan and we're already worried about what they're doing. we're already worried about meeting mandates that send jobs to china on the backs of our workers. reporter: that being said, harris does have the endorsement. a key endorsement that first, president biden locked in and now, harris has received from the uaw. by the way, neil, shawn fan ex, the president of that union, is slated to speak tonight here in michigan. we'll see how that plays with auto workers. neil? neil: very interesting, my friend. great coverage as always. grady trimble out in detroit. want to bring in now to patrick

murphy, you remember hip former us undersecretary and former pennsylvania congressman, he's the whole deal here. you know, as a democrat then, patrick, help me with this because the wrath against this ticket is that it's the most progressive, most liberal, most big spending in the history of man. now i went back to check that and there were a couple of joint emperors out of control, but i want to get your sense how you counter that, because that's going to be the wrap and there is some pointing to their spending, you know, consistency that has republicans salivating. what do you say? >> listen, you point to governor walz in minnesota neil is fifth in job creation. the lowest state in unemployment. he has delivered for the families of minnesota. he's delivered for my brothers that are veterans neil you know tim and i both were deployed after 9/11. he under operation enduring freedom, myself in iraq with operation iraqi freedom came back and we both ran

for congress and we were actually roommates. we had an orientation, this really, sorry for the language apartment in washington d.c. because families back at home, sorry about that, i'll do five hail maries as a good catholic but the point is he is the author of the post-9/11 bill. he was my co-author and it has helped right now in american colleges there's 1.1 million young americans under the post-9/11 gi bill. he has delivered and was a command sergeant major in our army. 24 years of service, two decades as a teacher, a football coach that was a state champion for the first time in that high school history. he has delivered and he'll deliver for america if given a chance with tim and kamala harris as a ticket. neil: all right, that may be the case. you know him better than i. i want to get into this roomie experience whatever happens in a d.c. apartment stays there, that's a whole other story but i did want to

get your takes had on why all of a sudden governor shapiro seems to be the front runner and progressives in your parties said no and he just went away so immediately, it raised charges that kamala harris was afraid to challenge or take them on and the same choice was the governor. what do you make of that? >> listen the other side, neil, governor shapiro was there. i was with him yesterday and with governor walz and with the vice president in philadelphia at that rally at temple university. governor shapiro is a new generation-type leader. he has been a phenomenal -- neil: i know that and i know that and governor shapiro was there but governor shapiro had to feel world. he looked like a sure thing and all of a sudden he was left at the alter. what happened? >> he was a top two, neil. because governor walz has been in a second term, served 12 years in congress. he obviously served 24 years in our us army so it's an embarrassment of riches just because she had to pick one over

the other doesn't mean the other one should be slighted. this is a new generation of leaders that america desperately needs right now, as we've gone through covid -- neil: but they didn't want a jewish vice president, why was that? >> i love you, brother, but her husband doug is jewish. come on. neil: i understand that. i understand that, but what happened? >> what happened is that she had a final three interview. two were veterans, one was not and she picked one of the veterans it was mark kelly, tim walz and josh shapiro and it wasn't a slight on mark kelly or josh shapiro. come on, man. neil: okay i think you're blocking. at least i didn't say any naughty words but anyway -- >> i'll go to confession on saturday before mass. my bad, st. ann's church. neil: no, no, great guy, thank you very much. interesting getting behind all of that. the dow continues to run up. we'll have more after this.

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neil: all right, those starliner astronauts are still up in the international space station. its been more than a month now. it could be a lot longer, because it's delaying traffic of others. not only another starline launch that was supposed to have happened already but even spacex and other grounded missions that had nothing necessarily to do exclusively with this , but again, it's a very real issue and a real concern. not only for the safety of these astronauts which we're told

by boeing shouldn't be debated, they'll be okay but really with the future of the space program itself and all of the other players, mike joins us, retired astronaut, guide to achieving the impossible. for me the big story about micas an italian american got into space, didn't embarrass italian americans and he's now considered one of the best astronauts we've ever had so mike, great to see you. help me with this , because now people are starting to say, we don't know boeing, we don't know if you're being up and up with us because these guys who were supposed to be there and back within a week, are still there, and they are going to be there a lot longer. what's going on? >> well i don't think it's as bad as it seems, the way you put it, neil. they certainly would have liked to have had a more successful mission with the firings of their thrusters they had some issues they've been looking at. they did tests on the ground. they did tests in space and they are trying to work out that problem but as far as the length

of the mission goes the nine days they stayed, that was really a minimum and i hope, that everyone be able to extend a little bit to get more time on space with, in space with the space ship and to give the crew some more time in space as well, so i don't think the extension of the mission -- neil: but this is more than a little bit, right? now it's four times the length it was supposed to be and you might be right. i'm sure the astronauts are saying all the right things and we're loving this and all this , but come on. you've got them sharing all of this food with the other astronaut right now. obviously they have a vast supply of stuff. i don't know who gets the ring-dings versus the other stuff but how do they plan for that? >> well you don't have to worry about the food. they usually have more food than they can eat up there so that's not the issue. it's not the consumables, the food, all that. they have plenty of that stuff. it's more just getting it right for the mission and making sure they understand everything that they want to be able to understand with the space ship.

the propulsion module that houses these thrusters that they had some trouble with initially, that doesn't come back to earth. they lose that in re-entry. so their last look at this thing is while it's in space, so this extra time, it's not just because of the starliner issues they are delaying the next launch of the space station with the spacex crew. it's also they have a supply ship going, they are getting ready to launch a probe to jupiter, so there's a lot going on and this delay they've announced in switching things around plays as far as being the traffic cop up there, it makes things easier for them. neil: but if i'm one of those two astronauts so you've got all these other probes going on, i heard massimino talk about these two missions, they seem to be lower on the priority list, since they are safe at the international space station there's no rush it seems to get them back. am i misinterpreting that?

>> no you're right. if i was them i'd want to stay there too. going into space, it's not like they are in a bad place. they are in a wonderful place and they are already incorporated into the current crew so they aren't just doing their duties to check out the starliner. they are also helping out with all the activities on space station. i know both of them very well, sunny and butch, and i'm sure they are having a great time and they understand the way the mission goes is that they may get shortened on lengthened when you go to space but i don't think they are minding this at all, and i think a lot of people be interested in trading places with them quite frankly, because they are getting bonus days in space and that's always a good thing. i think they want to get the job done. they want their space ship to check out and come home but they are okay. neil: do you think the starliner is safe? >> i do. the reason i say that is because it has been cleared. if there's an emergency on space station and they have to come home right away its been cleared for that. i think that they are also taking that extra time because they can and it is a high

priority. that's why they are remaining on orbit to make sure the space ship is understood but every indication is that yes, they've had problems but i'm confident in the boeing team and the nasa team and we have to be positive about this that they are just taking that extra time and they are taking that extra time to make sure they understand the space ship and they are going to get the crew home safely. i'm 100% confident ithat. neil: i hope you're right, my friend. who am i to question you. mike massimino, our people are proud, we're always proud of that. thank you very much. >> you're making me tear up, neil, but thank you. neil: hopefully, you're just playing along. good stuff, in the meantime we're learning more about these british protests that are going on. london gets a lot of them but its already prompted elon musk to say the new prime minister is botching the response and out of control people are now taking control. its gotten pretty bad.

after this. (♪) (♪) (♪) (♪)

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a lot of investors, what do i have the stomach for? >> every investor needs to be well-diversified, according to their tolerance for risk and volatility but you need, in your portfolio, something that you're always going to be a little bit mad at. not everything in your portfolio should be making you supremely happy, because you never know when that sector is going to turn, or when that asset class is going to shift. that's why diversification is so important, and why it's so important, not to lose focus, not to panic at times like this. neil: i've been getting a lot of e-mail on that chat i had with the edward jones boss, penny pennington. a lot of people saying oh, she's just talking book, neil, but she might be but sometimes a book no matter what investment bank you're looking at they like to repeat investing in the markets is not necessarily the faint of heart and it takes time, and over time you'll do well.

depending on your perspective and the moment and this is a scary moment over the last couple of weeks, a very very scary moment. veronica dagger joins us the wall street personal finance reporter, author of how 20 ambitious women used obstacles to fuel their success. veronica, i would think that penny pennington is one of those examples against odds in getting to the brokerage world now, the banking world now, but one of the things that she said transcends gender, and that is patience and i'm wondering, that really is the key to all of this. how many people are patient to ride it through. how many think that patience isn't a virtue, it could be deadly and you lose money so how do you see this playing out? >> right it really depends on your perspective but there's been so many studies, neil, that show investors who don't check their accounts frequently tend to do better in the long run, so having patience, a long-term strategy and not compulsively checking that 401 (k) can really

pay off in the long run. i've made the mistake of checking on a down day. i've also made the mistake of selling on a down day. just don't do what i did, because that's a sure way to lock in your losses. of course, like anything, there are exceptions to this. you can take advantage of a sell-off in the market to enlist a few tax savings strategies, and there's a lot of opportunity for those who want to save on taxes. neil: you know i've read studies they have actually done gender studies on this , veronica where man are more inclined to get wacky through something like this or quickly sell stocks, buy some others, whereas women i wouldn't say they are the hold them forever strategy but they don't freak out as much and i'm wondering what do you make of that and you probably know way ahead of me but it struck me as rather remarkable that men freak out, women don't.

>> you know, it is interesting. so women can stay the course in certain situations and that's a good thing of course because long-term, you'll see bigger gains in your portfolio if you stay invested; however, there is the flip side of that is that overall, we still see women being under indexed in terms of investments. they are more likely to feel comfortable with things like cash, but as we know, if your money is sitting in cash, we know right now, that $3.5 trillion worth of money is sitting in money-market funds, and that's money that could be invested. that's money that could be deployed on a day like we had on monday, when stocks are on sale. you could take that money and gradually put it into the market to earn a return over time. we also know that there's a ton of money sitting on the sidelines in cash and people's retirement accounts. i mean, that's costing savers

billions of dollars every year by keeping that money in cash so whether you're a woman or a man, if you find yourself over indexed in cash because you're nervous about the future, think about the impact of inflation that its had on our money. if you don't invest over time, your cash is worth less and inflation really chips away at your savings power and your spending power and that's something you want to avoid and that actually can be a bigger risk than some days of losing a thousand points in the stock market. neil: yeah, and it's patience, right? patience is a virtue here, but a lot of people in the middle of a freefall don't have much of it so what do you tell them? >> so you know, there's the extreme situations. if you don't have a lot of money and you need that cash you're going to need that cash in the next three to five years then yeah, you want to have that as a reserve out of the market. if you're retiring this year, and you don't have three to five years worth of carbon the sidelines to pay your bills as they increase as you see your home insurance, your property

taxes and all those bills increase, you want to have that money out of the market so you're sleeping at night and you're not watching every single move, but if, even if you don't have a whole lot of money and you've got many years to work, then keep that money in the market because over time, you'll be really surprised that the power of compounding and how much that can pay off to you and your future finances, you'll thank yourself in the long run. neil: oh, easy for somebody to say that at your age. i have days to work. i mean, i can use a stop watch. >> i've made plenty of mistakes, neil. neil: there we go. great advice, veronica, thank you so much and we talk about the markets but also black swan unexpected developments obviously the war in the middle east but what's going on in england right now, it's facing its 7th day of anti-immigration protests, already elon musk has weighed in on all of this saying a civil war is inevitable because the prime minister is botching the response.

ashley webster to weigh in on this and what's going on. this went from a little disruption to sometimes you look at this stuff, a full blown civil war, what's happening, ashley? ashley: it is. we're talking about riots spreading all over the country, neil. it began in the northern part of the united kingdom where just a horrible attack on young girls at a dance studio in the uk led to the death of three young girls. what that led to was widespread misinformation on the internet and social media platforms, identifying the the stabber as someone whose muslim and a recent refugee. none of that was true. the stabber who just turned 18 was born in wales, so none of that was true. we don't know what the motive was but it's already out and it spread more online and now we're seeing protests.

we have misinformation. we have far right groups and of course we have anti-immigration groups, and it is continuing to spread and elon musk is kind of sticking his ore in and criticizing the uk prime minister saying look, i understand you're now arresting people for making offensive comments online. is this great britt on or the soviet union? so it's getting ugly in all corners. neil: that's a very balanced step back view of things. thank you for that. we needed to hear that ashley. ashley: my pleasure. neil: in the meantime, the market is slowing down a little bit right now. i can only attribute it because for every time we decline in the dow, i notice interest rates are getting higher closer to 4% now on a 10-year.

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