smith, jonas ferris, john layfield, and adrian elrod. welcome to everybody. john? you are a texan and you say this isn't just a gulf coast event. we will all fail it. >> we will, and first, i have a lot of family and friends that are down there in the great state that are suffering right now and our thoughts and prayers certainly go out to everybody that is down there. when you try to separate though that devastation and it is horrific, you look about the economy which in houston which is a $500 billion economy and how it affects the greater economy over 20% of the nation's refinery ability has been shutdown. the colonial pipeline that goes from houston to new jersey that carries most of the gasoline is not even able to run at times because there's not enough fuel coming from lake charles into houston. that will affect goline prices andilrices. the iediate lossn houston is going to be more o a regional event as far as job loss and as far as economic destruction. overall though once you start seeing fed's step in, the state step in and insurance step in, you will st

smith, jonas ferris, a lock with lee carter and jessica tarlove. welcome to everybody. gary k, what is the smart money telling us? >> well first off when you have all kinds of suppose ed bad news and the market has the best week we've seen basically all year it really tells you everything you need to know and just by way of example this week, apple's going to sell a trillion iphones when it comes out. here with the hurricanes disney opens up a couple days later the parks are already packed so business is business, we're back to business and the american people are going at it again and i think the markets reflecting it right now. >> dagen: and gary b., we had names like boeing, caterpillar, even dow dupont hitting all-time highs on friday. no fear there. >> well, i'm a little bit more t epid or conservative than gary k is. maybe being a more, maybe i was more in the storm than gary k. was i know he was in orlando but i think this was a sigh of relief rally. i mean, here in florida, frankly , it was horrible but it could have been worse. we're still getting over the trag

smith, jonas ferris, a lock with lee carter and jessica tarlove. welcome to everybody. telling us? >> well first off when you have all kinds of suppose ed bad news and the market has the best week we've seen basically all year it really tells

jonas max ferris, former investment banker carol roth.that describe gouging if you take advantage of a crisis no matter how much you rise the price? >> it's a little bit of supply and demand. >> absolutely. morally, i'm not somebody who is saying that you should go out to do these things. i do think as market, the market dictates when you have a disconnect between the supply available and demand for it, that it is likely you're going to find some people adjusting prices to do it. it is not a moral commentary. but reality of a free market, that is what happens. neil: that does happen. but sometimes they take it a little too far. i'm told jonas, you might know this better than i, you fly around a great deal, sometimes these are based on algorithms. all of sudden peak demand pricing, built into ticket prices. some ticket prices were off the chart. $2000 to go from miami to new york, what have you. what do you make of that, whether airlines in particular case could have stopped it? jetblue saying 99 bucks anywhere from a florida point outside

smith, jonas ferris, a lock with lee carter and jessica tarlove. welcome to everybody.ally tells you everything you t

smith, jonas ferris, john layfield, and adrian elrod. welcome to everybody. john?

joining us with max ferris on the hurricane fallout. we just got approved today, jonas, this $8 billion initial deposit on relief for harvey victims. mer has to follow suit. you're looking at potentially bigger bills to follow, right? >> right. florida is not a gas and oil state. the biggest risk is property and casualty. there's more insured here per capita. through fewer people than like a houston. the boats and the condos all on the edge of the water. really raises the liability issues for insurance companies. most insurance companies and their stocks have come down this week when this went to a category five. they've come back. the ones in florida like a universal insurance holdings, that stock will perfectly correlate with how bad and how much dollars are done to it. the reinsurance companies that insurance the insurance companies, you'll see the stocks plunge more if this cost over $100 billion, 150. the potential to have the most damage any because of the amount of assets people own that are insured. boats cost more money than houses in some areas. that i have to