amherst as well as author of the recent books understanding socialism and understanding marxism and in west cork we cross to peter schiff he is chief global strategist at europe a civic asset management right gentlemen crosswalk rules in effect that means you can jump in anytime you want and i always appreciate it ok let's go to new york richard you know looking at the news about the economy looking at a lot of macro numbers and sometimes i think it's very quite confusing and where the economy is going particularly when we look at unemployment permanent unemployment and jobs that are permanently lost here but the more i look at it and you gentlemen are preeminent experts here i don't i don't really think it's that you are an l. i'm really quite taken with this k. a recovery the rich got richer and the poor got for is that an oversimplification richard go ahead not at all i think we've already seen that now folks like some time that at least 2 or 3 or 4 decades of growing inequality both of wealth and income and instead of that being understood as having contributed to the combination pandemic an

west coast newsroom. the gulf coast, forecasters are predicting historic, life-threatening flash flooding is hurricane sally inches towards landfall. welcome to fox news at night. we begin with white house correspondent kevin cork covering a landmark event in washington aimed at bringing peace to the middle east. >> reporter: ironic a man many democrats suggested would throw the us into war has instead forged a pair of peace deals, the president will no doubt be banking on is a message to undecided voters that when it comes to war and peace he will steer the us in the right direction. >> we are here to change the course of history. after decades of division and conflict we mark the dawn of a new middle east. >> and becoming the first arab state in a quarter-century to break a long-standing taboo the united arab emirates and the rain today signed agreements to establish formal ties with israel, a foreign policy and diplomatic victory for president facing political headwinds here at home with an election less than two months away. >> thanks to the great courage of the leaders of these three countries we take a major stride toward a future in which people of all faiths and background live together in peace and pro