peter schiff is an idiot, peter schiff is awesome.o pacific capital and his take on the fed was one of the most widely viewed pieces on fox business.com in the last 24 hours. it really got you guys riled up so we thought let's find out, are the federal reserve chief jay powell and company derailing or about to collapse the recovery as president trump claims and as peter schiff says they will get the blame? what does this mean as we head into the midterm elections? we are going to bring in the man whose views on economic policy helped the bank make investment decisions. it's a fox business exclusive. that guy is brian gardner, washington policy analyst at kbw. you worked on capitol hill. let us tackle the fed first. botch. that word is loaded and yet, you are using it. in which way are you saying this economy will be botched? >> well, i think it's a potential risk that if the fed is overly aggressive in raising rates, that it could hamper the economic expansion, recovery, whatever you want to call it, as well as the market. i think tha

:before the closing bell rings. >> no one thinks it is the end the world as peter schiff says.s is understandable correction, 10% down from recent highs. it is rotation from growth to value. yes, there is a safety trade taking place but again there is no fear on the markets. liz: phil flynn, 10 second what is you will do tomorrow in the morning when this market opens? >> a day like this is why they inventerred the term turn around tuesday. that line is around tuesday. i think we'll be find. probably a great buy. liz: alan knuckman, what do you think? >> all about earnings. can't forget that stocks are not reflection of economy. look at corporate profits. amazon had greatest plot in its history at $3 billion. they took stocks off the table. that is all this is. liz: erin, some focus for tomorrow as we get close up to the closing bell. >> think defensively. we may see more value plays going forward into 2019. liz: which is susan li's point. you're seeing that rotation. [closing bell rings] thank you for everybody jumping in front of the camera what turns out to be virulently vola

liz: peter schiff, you get 10 seconds here. >> you want to buy stocks, buy gold.n breaking down. people look at bitcoin versus the dollar. look at bit con versus the gold. it is broken through support. it is going lower. this economy is in gigantic bubble. it is the worst shape it has ever been in. this is delusion. this is much worse than going into 2018. you guys are going to lose a lot of money buying these stocks. i can tell you that. [closing bell rings] liz: ross and john have done buying stocks. another tough day. looks like we're closing down 520 points. nasdaq clipped 91. david: two days more than 1300 points. volatility is still here, folks. another massive selloff. coming off lows of the session. it was well over 700 points it negative earlier. ended the day about 550 points negative. s&p 500 in the red for the sixth straight session. longest losing streak in almost two years for that index. melissa: wow. david: the tech-heavy nasdaq. bounced off the lows of the session. it had dipped into correction territory. still closing down about 1.25%. that ain't

and peter schiff the c.e.o. and chief global strategist at euro pacific capital welcome guys it's great to have both of you and good to have you together john first of all what do you make of these numbers and i also want your take on wage growth. both good questions bar good to be back with you so it's really kind of a withhold i mean you know for all fifty thousand that's really not remarkable at the numbers been off three four five hundred thousand that would be remarkable but let's consider where most people enter and exit the workforce that's part of the equation that and then let's look at job growth in terms of inflation relative to wages so we enter the job market typically about one thousand or twenty on average that's when people take their first job in america but we exit about age sixty three and it doesn't matter how strong the economy might be if you're going to exit at sixty three that's the average retirement age that's just something that father nature and mother father time and mother nature th

and peter schiff the c.e.o. and chief global strategist at euro pacific capital welcome guys it's great to have both of you and good to have you together john first of all what do you make of these numbers and i also want your take on wage growth both good questions part good to be back with you so it's really kind of a withhold i mean you know for all fifty thousand that's really not remarkable at the numbers been off three four five hundred thousand that would be.

studio and peter schiff the c.e.o. and chief global strategist at euro pacific capital welcome guys it's great to have both of you and good to have you together john first of all what do you make of these numbers and i also want your take on wage growth. both good questions for our good to be back with you so it's really kind of a withhold i mean you know for all fifty thousand that's really not remarkable at the numbers been off three four or five hundred thousand that would be remarkable but let's consider where most people enter and exit the workforce that's part of the equation that and then let's look at job growth in terms of inflation relative to wages so we enter the job market typically about one thousand or twenty on average that's when people take their first job in america but we exit about age sixty three and it doesn't matter how strong the economy might be if we're going to exit at sixty three that's the average retirement age that's just something that father nature and mother father time and mother nat

thank you so much guys really appreciate it super interesting as always peter schiff the c.e.o. of chief global strategist for euro pacific capital and john grace the founder and president we sure appreciate you being with us thanks guys. and turning from jobs and wages to corporate profits samsung south korea's largest conglomerate has posted a healthy profit of their latest in their latest earnings statement out earlier today with a notable assist from their rival apple samsung posted a profit in q three of fifteen point five billion dollars on revenue of fifty seven point five billion dollars many industry observers noted that samsung benefited from sales of key components they produced for apple's i phone i had known that new versions of i phone brand devices were unveiled last month. and saying in south korea we have another story that links to samsung earlier today former south korean president lee myung bok was sentenced to fifteen years in prison following his conviction on embezzle minton bribery charges both south korean presidents immediately preceding the incumbent p

debt and china debts and and debt in general and trade are the president of euro pacific capital peter schiff an r.t. correspondent in china expert caleb and gentlemen welcome thank you peter i've enjoyed being with you on the in question program last week i saw you were there earlier but i want to take a little bit different tack to day you've spoken about the need to reduce government spending in the u.s. but i'm curious as to your take on how the economy would have done without this tax cut without this sort of fuel injection sugar high. well we may already be in recession i think trump was right the economy was headed for a crash before he was elected but all he did is kick the can down the road and i think we're headed for a bigger crash now you know you mentioned the u.s. debt how much it was up in the last fiscal year but what everybody is overlooking is the increase in the national debt while the official budget deficit was around seven hundred eighty billion the national debt increased by over one point two trillion during the same time period and that's because a lot of what the gov

that was euro pacific capital ceo peter schiff on our show yesterday shining a harsh spotlight on our massive debt and deficit. huge national price tags face us right now. hurricanes michael and florence caused widespread damage across the southeast. the gop's promise to get funding for president trump's multi-billion dollar border wall after the midterms, to capitol hill simply trying to keep the lights on as another budget deadline looms in december, just in time for the holiday season. but with news that corporate taxes collected by the government are dropping to the skimpiest levels in 75 years, in part due to the corporate tax cuts, where will the government get the funds to pay for all of this? gordon gray of the american action forum says the money's there. maya mcguinness says it is not. they both join me now. i will begin first with you, gordon. let's start with the hurricanes alone. michael, a the twelfth billion dollar disaster to hit the united states this year alone. just with that, tell me where the money's coming from. >> well, in the near term, i really don't worry abo

. >>> we're joined by democrat adam schiff and republican peter king. congressman schiff, let me start with you. you receiver -- received briefings on this story. you said the saudi version is not credible. what more can you tell us about what you know? >> i got a detailed briefing from the intelligence community about what they know and what they can tell us at this point. although i can't go into the substance of it, i can tell you i don't find this saudi account credible at all. there's simply no way they dispatched a team this large and that khashoggi engaged in some kind of brawl with them unless he was fighting for his life. i think we can see where this is headed. ultimately the president is going to accept the crown prince's denials, but it's hard for me to imagine that these orders would have been carried out without the knowledge of the crown prince. this ought to be a relationship altering event for the u.s. and saudi arabia. we ought to suspend military sales and security assistance and we ought to impose sanctions on any of those directly in

going to be speaking with two members of the house intelligence committee, democrat adam schiff and republican peter king about the death of the "washington post" journalist, jamal khashoggi. plus more from the campaign trail with senator ted cruz and beto o'rourke. that's coming up on "this week." george, appreciate it. >>> to mounting pressure for saudi arabia to explain the death of a journalist at its consulate in istanbul. turkey saying it will not allow a coverup and trump is weighing in. abc's ian pannell is in istanbul with the latest. good morning, ian. >> announcer: good morning, eva. two days after the saudi government suggested a fist fight in the consulate led to journalist jamal khashoggi's death, trump is now challenging the kingdom's explanation. overnight the president telling "the washington post," quote, obviously there's been deception and lies, but according to the "post," trump says he's not ready to condemn the crown prince, adding, nobody has told me he's responsible, nobody has told me he's not responsible. we haven't reached that point. i would love if he wasn't responsible