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They found a woman that was trapped inside of the house. they got her some water. she will be okay. what i can also show you, drone footage from mexico beach. you have blocks and blocks of foundations where the houses have been ripped off the foundation. in some cases, it looks like the house hasnt been built yesterday. a lot of times it was deposited in another lot. from our scanning of the structures, theres few houses that will be repaired. most have to be ripped down and started over. the ot...

With interest rates. interest rates for nearly ten years were what? zero. there was a purpose for that. take assets and force them into the stock markets, out of savings accounts and bonds. it worked. the stock market rose an enormous amount. any number of things could have happened. one of them probably is impacting the stock market right now. because it was bold at the end of quantitative easing. the fed is faced with the fact of how to unwind what the fed did through that period. that include...

Hes disappointed with him. austan goolsbee is here. very good to have you. were there times when president obama would sort of wince at the prospect that rates were going to start going up near the end of his term to balance things out, return to an equilibrium or what and how did he express it? >> i wasnt there. i was in the first term. nobody thought the rates would go up when i was there. >> neil: they didnt. >> theres a lost history in private presidents and administrations wincing, why is t...

Called october surprise. its october and full of surprises, neil. >> neil: well-said, my friend. you thought you could ease up after kavanaugh. >> never does. >> neil: i hear you. chad, thank you very much. >> thank you. >> neil: dan henninger is here with us from the "wall street journal." so help me with this and the fallout if there is any on the mid-terms what do you think? >> i think chad is right. a plummeting stock market cannot be good for the party in power, which happens to be republic...

We have to give the markets the freedom to clear. the stock market is his favorite metric. its almost like a measurement of his own popularity. >> neil: but ronald reagan had a soaring market. after the 87 crash. he rarely used it as a backdrop. he went on the floor of the exchange recovering that, but he was and in and out fast. he didnt like using it. he was spooked by it. >> ronald reagan and donald trump have two things in common. they initiated extraordinary cuts in the tax rates. regan pre...

Pocketbook issues. we have high wages, low unemployment. let me read you some quotes from gardner. he said "if some tycoon on wall street had a bad day, they dont get a rats ass." if jeff bezos loses money, they dont lose sleep. theres concern about the interest rates. i spoke with joe manchin from west virginia. he echos the president talking about the interest rates. i put the question to richard shelby, the republican senator from alabama. former chair of the banking committee. he said the fe...

Inflation. that means higher interest rates were diminished nor december. so now the probability according to traders, 78% that well get an interest rate hike in december and 33% that well get three interest rates hike by june 2019. but guess what? we had financials lower in the session. they were a big drag on the s&p and also on the dow today. the financials off a kickoff the earning season. were expecting j.p. morgan and citigroup to report tomorrow. companies are still making a ton of money....

Growth, were entering the eighth quarter of consecutive trend growth. forget about the noise. were traveling above trend for global growth. consider this. three years ago, three months paper was yielding zero. today its 227. thats where it closed. the s&p 500 dividend yield has gone down. now its like yielding 45 points less than at three months bill. so people are saying, maybe theyll diversified more. the bottom line is, its global growth at the end of the day trumps everything else, no pun in...

The area or heeded the governors call, your call to sort of get out of town before this thing hit? were told across the panhandle the numbers were relatively low, fewer than half. what about in your area? >> i think we had exceptionally high rate of evacuees. we kept putting the message out from the eoc, the governors office. the sheriff talked about it and the day before, we sent deputies door to door to tell people to leave. this was resonated that michael was a serious threat and they needed ...