back to charlie, steve leeb and connell mcshane. not exactly bitter, we were looking for a third person just to fill a slot. and we said hey, we gotta get a young guy. connell, you were just getting your first communion the last time we had a rate hike. here's my theory on your generation, they don't remember rates really, really high. >> right. neil: so they think this is a big adjustment to go from 0 to a quarter, do you? >> my earpiece isn't working. wearing the same suit. this is the thing. there will be certainly an adjustment period. i thought it was interesting what you talked about a moment ago, it does bring up the larger point, once they raise rates and they will whether it's tomorrow or another, when will they move again? the whole idea whether it's now or december, it doesn't necessarily remove the uncertainty, the next debate as soon as they go up, the show it happens on, there's a guest who has questions, hey, at which pace will rates go up at a fast rate? neil: any time the fed has hiked it's done so in rapid fire fash

thank you, connell mcshane. judge andrew napolitano on why that might be a tough battle for this pope, any positive numbers the way he has been slamming capitalism but different strokes for different folks, different impressions but the fear is we had one congressman saying to stuart varney and won't be in that audience because i don't need a lecture. judge napolitano: i am going to be in the audience as the guests of a member of congress. i am going with some do i -- much stomach will be in not because of what he is going to say. i will sit there politely and listen to him sound more like al gore than thomas aquinas when he talks about central planning and design environment. he is the central planners. he is raised in argentina, does not appreciate capitalism. neil: you understand where he came from, you could argue about banks and the country reneging on its debt. all he knows as a young man is the hardships imposed. judge napolitano: what he cannot argue about is capitalism has markedly improved the lives, t

i'm connell mcshane live from the floor of the new york stock exchange. let's start the "countdown." . connell: all right, here we go, three major indexes to the upside, and we are seeing this rally, more than 200 points for the dow on the day. we'll watch major levels in the indices whether we hold above correction territory as i mentioned in the open. the dow 209, almost 210 points, almost 1.3%. john corpina here at the new york stock exchange and phil flynn at his cme. let's start with phil flynn was oil was nutty, interesting to see the back and forth. go through the day on what you saw there. >> i think early in the day there was concern about yesterday's sell-off in the stock market weakness, what it meant for oil demand. and we saw more concerns about demand when we saw big build in crude oil supplies. that number was probably overstated due to delivery problems in the gulf of mexico but the market didn't want to hear any of that. they were looking at the headline number, the mood was negative. late in the day when the stock market started roaring b

connell mcshane his hair, lauren simonetti is here. >> the fed confused everybody yesterday. did the golden golden opportunity to raise rates because they promise to protect them. you know somebody said on the 5:00 a.m. show? they will hike the price in her. and they'll just hike rates. neil: the next scheduled again this october. lauren: correct. december you do. i would think that would be more market moving at the fed hiked around that. but who knows. what the fed said and didn't say yesterday if it's a mess. we need inflation to go up a little bit. there is no inflation there. you want the job market to get better fine. we are watching what's going on overseas. but how bad is it? i was just talking to gordon chang. he said it could be two decades. neil: is very depressing. lauren: he did depress me. neil: you can never interpret in the moment, but when traders are placing steaks on a slowdown i don't incur smartness to gauge when the federal reserve does it. but they seem to be putting their money where their pessimism is. connell: we could make too much of it or was he a

philips sonicare. >> all right, i'm connell mcshane it's time for the fox business brief. no doubt earlier today is cutting the price forecast today. as low as 20 bucks a barrel and that will bring the price down for today. the supply glut was a big part of that and it's performing in the world market, so, that's what goldman m to say. let's take a look at oil stocks and how they are responding to this and they're all lower, whether it's conoco or bp, occidental petroleum down, and these price declines have a new effect on the businesses, oil drilling companies have been coming back on their rigs as the price of oil declines. and today as well. stocks are mixed and fairly flat. neil is back after this. more coast to coast. >> i'd be lying if i said that i knew i was there. >> all right. vice-president biden, with steven colbert last night saying maybe he isn't ready to run for president. and saying that the vice-president is the democrats top choice to him, but it looks senator or sounds, no way of knowing unless you know what's in the vice-president's head for a lot of re

. >> i want to bring in connell mcshane and dagen mcdowell. if they don't do something at the meeting, it's not as big a deal if they don't do something the rest of the year, right? in other words, they promised it's all but inevitable. is that like a line in the sand if they don't follow through? >> the expectations were at the end of yesterday that they will not move next week, but the expectation is they will do something that a majority -- i think it was a 60% chance they raise at december meeting. the concern is at this point if the fed doesn't do something, it could be because the economy is so lousy, that would be a dire warning signal to the overall markets and investors. if the fed is so insecure it can't move by the end of the year katy bar the door. >> self-fulfilling prophecy, i guess, they set them up to the points that i have made to set themselves up to buy themselves enough time to do that to the end of the year, and next year the conversation starts to change. what's so bad about this? neil: right, right, the fear is if it con

connell mcshane, that's scary stuff right there. >> yes, it can be. new numbers out, the case shiller, which are kind of interesting today at the same time mr. icahn's warning us about this bubble that's forming and, you know, we're up, i know, on home prices. really when you look at these numbers compared to what was expected, it's nothing craze she, being up 0.6% from june and 5% on an annualized basis -- neil: way below the peak year. >> exactly. and he's making the argument the fed's going to be too late. i know a lot of people think the fed is always too late. but, listen, it looks like just from the data -- now predictions sometimes see things we don't see, and that's when people were talking back in 2006 as charlie was alluding to, they looked like geniuses after the fact. the data seems to point to the fact that maybe we can, to from icahn's last point, avert this. the idea that rates have been too low for too long. yeah, we understand that, but maybe we haven't run out of time and the federal reserve starts to raise rates, these prices are le

online and on the usaa app. >> i'm connell mcshane back here with your fox business brief.s wrapped up his trip to cuba, we're gearing up for his arrival in the united states. he will be in d.c. tomorrow. eventually new york and philadelphia. here at the fox business network of course we'll keep a eye on the market reaction. just random market movements. we'll give the pope credit or blame for it after the fact. a lot to live up to for pope francis. his predecessor, look at these stats. benedict was here, 08. market did well. up 4%. john paul ii was here a lot in the u.s. generally market did well. 1987 was an exception. paul vi was here in 1966. that 1% move was nine points in the dow back in 1965. more on the pope's visit from neil. he is back with more "coast to coast" in just a moment. neil: the host country's biggest fear, especially this pope who likes to wade into large crowds. telling me friend, nypd officer bill stanton all the preparations for the pope's arrival. reagan rule or standard set up after he was shot in 1981, that if you were to look at the crowd outsid

let's go back to the stock exchange now and connell mcshane. hey, connell, you've been talking to traders, steven guilfoyle. tell us what you have got. >> guilfoyle has been talking to me all afternoon with key information. you have been talking about the levels on s&p 500. it will sound wonky and getting into the numbers because that's what it is but important because you test levels. when i got down hire this afternoon, s&p, look at 1926. why is that? that was important, right? >> that was our technical level, 40 points loyer at the time. when it hit it bounced off and broke. >> then it broke through. >> right. >> we got into final hour, everybody watching me, remember me saying this talking to lori rothman on air, 1907. we really have to hold it. but we did. >> i didn't want to head for the 1800s where we were going if 1927 didn't hold. we headed lower and thankfully held that level and buy orders came in at the end of the day. >> so they come in at the end of the day. there was a lot of selling. almost all selling before that. what it tells

>> i'm connell mcshane with your fox business brief.dst of what we would call a fading rally here on wall street on the floor of the new york stock exchange. as neil might say in the middle of all the action, action that had the dow up strongly triple digits earlier in the day but just a 44-point advance right now. we've given a lot of that back. if we look at stocks first on the way up and now on the way down, you get idea what is happening. cisco, ibm, moving higher but still off earlier highs. on the downside dragging us lower, caterpillar, interesting, seen as economic bellwether. shows they're concerned about economic growth around the world. the stock is down more than 18% year to date. finally real quick, storied stock of the day, limited brands. you say that is reason for us to show victoria secret video. that is only half true. stock is up on better than bet . 5.4%. cavuto coast coast. look at that neil. back in just a moment. neil: all right. see this is trump tower. gaspo, that is few blocks? >> right up the block. neil: insi

fox business's connell mcshane down at new york stock exchange watching all the action.en a wild week. it has been a wild hour. we got the big report there right at the top of the hour, 2:00 out of the federal reserve basically saying conditions are moderate but they're monitoring china. >> yes. trish: china a wildcard in the global economy. >> we know it is slowing us down. we know it is hurting manufacturing sector. the idea there was even any mention, which there was of some wage pressure finally in the beige book of the federal reserve, maybe that was the reason. we'll talk about in next hour of "countdown to the closing bell," that maybe you make argument federal reserve would raise interest rates and you can make any argument but thats with the freshest reason. as we go into the last hour, we're almost there now, you don't get a sense how it's going to finish these days. in the past you would kind of get, oh, this is the way we're trending. maybe we'll float into the finish. but these are really anything can happen final hours. we'll stick with it, tick by tick, mo

i'm connell mcshane in for liz claman live from the new york stock exchange. let's start the "countdown." all right, so far september swooned, you hear people talking about, that it's living up to its name. the dow, nasdaq, s&p all negative territory, down over 400 for the dow. all 10 s&p sectors down. lower 99% of the s&p 500. the broad index of stocks. the dow everything is down, everything in the red, all 30, ifu oo some people say back to school jitters, my kids go back this week. no. the vix, the volatility index spiked up over 11%. we're going to be watching a number of things. watch levels in the markets. correction territory all three of the major indexes. even if we move outside of equities and get into the equity market in detail throughout the hour, have you oil settling down $45.41. remember the last three sessions you had the three-day rally, and the biggest one in 25 years, and losing down today about 8%. gold is up, lori rothman was talking about, this investors speculating a rate hike in september unlikely, what will the fed do? how much does i

connell mcshane says don't always buy them because they are snapshots.ince joining gasparino we have 18 and will get those numbers as quick as we can. let's go through this. beginning with republicans in what is interesting here is not so much donald trump is fleeting. it is to second third fourth. and carson has gone up by six points from our last 18. carly fiorina and marker rubio. those three really seem some movement here. where we are seeing some movement. hillary clinton on top of the race in a comfortable fashion. double-digit lead certainly. if you go back to june, that was about 60. he has double supports and then. she has come back. vice president biden is not in the race officially. so we are seeing some movement. that said, we do have perspective. this is 2007. who is going to be the next president? they thought it was here 44%. rudy giuliani was never president, 6% of the voters and has served nearly two terms. by the way mitt romney was in 2% of the poll. there is your much-needed days. in the meantime, you can under his hand by the popular

i'm connell mcshane.straight to the markets this time around, final trading day of the quarter. we were talking about how brutal a quarter it has been. this is pretty nice day with the dow up nearly 150 points. one of the things you notice, many of the groups of stocks, individual stocks leading us lower have bounced back today. a lot of metals fall into that group. talked earlier about oil. oil stocks, chevron and exxon are up today. look at them for the quarter, it has been brutal in terms of the declines. that is how we started the show, talking how they're down 20, 30, or more, even 50% for some of these stocks. this is biotech we look at. down by 50% for one stock. that is the other storied group we've had so far this quarter. all told your number today, 11 trillion. that is how much market value lost in the third quarter. fourth quarter has to be better. rough today. neil is right back. neil: did anybody die? this could come down to of the lawsuits piling up against volkswagen on the software implan

connell mcshane has a lot to do with that and the triple digit movement. you've seen this, right, connell? >> what day did i host neil cavuto? only the green days for me. neil: i got notes, connell, put him on the big board, as far away from the studio as possible. >> neil, as you can see, i'm right in the middle of the action, i don't know what you're talking about. neil: you said middle of the action, get an establishment shot to show the action [ crickets ] >> i have to point out the powers that be at the stock exchange love you, they really do. neil: i bet they do. >> they admired your career, from the '87 crash up until today. 112-point gain we're seeing on the dow is interesting, how we'll finish today, looked like we will be up more than that early on theed session, i know you know all this, how when oil turned around the energy stocks were lower. technology looks like it will move us higher today many of the stocks were killed yesterday when you were still out. but the oil price moving back, hurting the energy stocks, technology stocks that are down

. >> time for your fox business brief, i'm connell mcshane. rough day, as you know, for the market. especially rough for the biotech stocks. we'll show you the nasdaq biotech etf, which is a basket of these stocks and the point here is down. worst day in four years and comes after last week when it had its worse week in seven years. it's rough for many of the stocks, individual names here making up that basket down big time. and the thing that started earlier was that hillary clinton tweet last week, going after price gouging, but these are notoriously volatile stock. the other group we're watching the home builders, pending home building, this is a barometer of future purchases and some are moving lower, some significantly show and the broader market with we are they a full selloff mode, and we're off the lows. all right, the washington nationals suspending pitcher papelbon. the message, don't choke another player. it's the end. season and we're out of the playoffs. >> he's facing a three-game suspensions for beaning another player. he's been

i'm connell mcshane back here on "cavuto: coast to coast."out earlier today retail sales rose in august but did not go up as much as expected. here are the numbers for you right there, 2.02% in the month compared to july, estimate 0.3%. we're still below this number. still a positive, july headline growth was revised higher. look at retail stocks while we're talking about retail sales. walmart and target are both up. macy's to the downside. you would think falling gas prices are a big help to the consumer in general because they're still going down. in fact they're lower by 27 cents in three weeks. that is broader look at the market before we breaker who. the oil price, 44.53. just talked about gas. it is up 50 cents. stocks today, wow, look at this now. 200 plus. the cavuto rally is in effect. we'll be right back. neil: look at wall street. stocks taking off like a rocket. nice segue to my next segment. jeff bezos wants to build rockets, baby. it is true. the amazon gazillionaire, bought "washington post" with spare change he found under his

i'm connell mcshane. here comes the pope leaving st. matthews.e is live look at the pope's motorcade inside the fiat. modest pope francis making his way around the nation's capitol. we continue to monitor his movements as we have been. monitoring the stock market. s&p, all moving lower. selling resumed. boeing in the business brief this time around with the chinese president in the country. the other high-profile visitor. take about is one of the stocks dragging the dow down with 1 1/2% decline in boeing. another selloff on the markets. the pope is in town. we'll watch him as i moves around washington, d.c. wonder whether we get the papal rally we talked about? remember pope benedict, up 4% the week he was here? not your fault, pope francis. we'll be right back. if you can't put a feeling into words, why try? philips sonicare leaves your mouth with a level of clean like you've never felt before, making it the most loved electric toothbrush brand by americans and their dentists. innovation and you. philips sonicare. hi mi'm raph. tom. my name is a