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about david stockman. david stockman saying -- neil: this ship has come in. he's loving this. >> everybody is right at least once in their life. neil: armageddon is around the corner. everyone can be right like a broken clock depending on the time and period. we will continue monitoring this. with the dow sell-off now at these levels, much has been made of the fact how high is this or how much of a decline is this from our highs reached a little more than three weeks ago. it's about 3% for the dow, about 3.3% for the nasdaq, about 2.9% for the s&p 500. that's a moving target. it really has to do with where we stand at that exact moment. these are such high numbers, the percentage is what you want to keep in mind. for example, on october 19th, 1987, when the dow fell 580 points, that represented a quarter of its value. today, i'm doing the math backwards, i think it would be about 2.5%. so you have to keep these numbers in mind. that's why we try to give you the percentages. also letting you know, i think this was pointed out some time ago, while the ten-year

david stockman joins us, david, a former reagan budget direct tomorrow good to see you. number of topics we could get into with you but let me start with saudi arabia and your view the best u.s. response given the financial interests the u.s. has in saudi arabia which the president brought up many times? >> we ought to recognize what our interest really is and our interest is not propping up this horrible saudi monarchy we've been propping up for decades. this place is now being run by a hot-headed 33-year-old thug who is literally murderous. connell: are there implications, implications hitting them too hard? >> no. i don't think there is. we have to the understand the price of oil is the price of oil. it is a world market. it doesn't matter what saudi arabia is doing. we don't need to prop them up. they're not our best ally in a bad neighborhood. they are our worst ally in a bad neighborhood. they are source of terrorism, jihadism, wahhabiism in the middle east than anyone else. maybe this will finally cause the scales to drop from our eyes in washington. they are comm

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