Investigation until after the 2012 election. Superiors told me to withhold and alter certain information in the report of the investigation because it was potentially embarrassing to the administration. The post also uncovered documents that show senior white house aides including former white House Counsel catherine rumler were made aware of obama advanced team members involvement in the prostitution scandal at the time. Those documents detailed a secret Service Report showing advanced Team Volunteer jonathan dock signed a prostitute into his room on the night in question. Dock was not punished, he was hired fulltime as a policy adviser and of all places, the state Departments Office on global womens issues. The white house responded with denials almost immediately. Have been no specific credible allegations of misconduct by anyone on the white house advanced team or the white house staff. Lou that was then and this is now. Republicans blasting the administration. House Judiciary Committee demanding answers. You had three people in the Inspector Generals Office there in the department of homeland security, who were put on administrative leave because they were asking questions and wondering why, why arent we including this information about a white house staffer involved in this prostitution problem in cartagena . Lou well be taking all of this up with house Judiciary Committee member ron desantis in just moments. The centers for Disease Control and the department of health and Human Services doing little to inspire confidence in their ability to prevent an allout ebola outbreak. Here is sylvia burwell. The next step with regard to preparedness is having a system that can handle any case that we had. And weve had one case, and there may be other cases and we have to recognize that as a nation. Lou and a bloodbath on wall street today. More extreme volatility, the third consecutive triple digit move for the dow jones industrials, dropping nearly 350 points on the day. A paper loss of nearly half a trillion dollars. We begin with the secret Service Prostitution scandal and implications that the white house interfered in the investigation of that scandal and the role of the white house. The white house today stood by earlier review of the prostitution scandal, and its report. Deputy press secretary eric schultz said today quote joining me now congressman ron desantis, member of the house Judiciary Committee and serves on the oversight and Foreign Affairs committees. Allegations, congressman, that the white house was involved in the scandal, that it interfered with the ig investigation. Your reaction . I think its obviously serious. I mean this is an administration we know before the 2012 investigation or the election, they didnt want information about the benghazi attacks. And now we have this election coming up, and obama is pledging to do amnesty after the elections to pull the wool over the eyes of voters and of course theyre not opening the Obamacare Exchanges until after the election. So this is a pattern of trying to put politics first, but with this ig thing, this is serious because this is interfering with proper oversight and the administration of justice. I think the white houses response, what theyre going to do is deny, deny, deny and hope that the media moves on. Theyve had success with the stonewall strategy with the irs investigation and the other once. I know fox will cover it. But i hope Washington Post and the legacy media stay on this. Lou and this story broken by Washington Post to its great credit, in that report, David Neiland acting as if its a matter of course, routine, to be influenced by white house personnel to delay or to alter a report by the inspector general. That tone is chilling no, absolutely. And weve seen this too with the benghazi talking points how that was manipulated by the white house, and this is a white house thats proven itself to put politics first, and theyre going to do whatever they need to do. There was a quote in one of the articles, their goal is to protect crown, and thats basically what theyve done. Lou seems an elegant expression for what is a corrupt, a corrupt conduct on the part of these officials if indeed that proves to be the case. Turning to to the jonathan dock, the white house volunteer for the advance team. He is a policy adviser now, the Office Global womens issues, the son of a prominent democratic donor and former lobbyist. I mean, has his name come up in any of the investigations . I know that the House Oversight committee, the Judiciary Committee all have looked into the socalled hooker scandal at the secret service. Is that name really coming up for the first time to you guys . Well, chairman issa before i was in congress 2012 wrote to the white house specifically asking about a White House Advance Team member. Now this individual was not named in the letter, but all the facts about the Hotel Records were discussed in that letter, the white house got it. They dismissed it. Nothing to see here, along. I think its troubling when you have the secret service guys who admittedly did wrong. They were taken to the cleaners immediately as they should have been but you got this one privileged White House Advance Team member, the son of obama donor, part of ruling elite and basically shuffled off and allowed to get a promotion so there is clearly no accountability if youre in the club. Lou and that club of course, the white house club. This, if it is proved to be utterly factual is truly troubling because of the interference of the white house and the ig investigation again, the coverup, the stonewall as you referred to thats routine for this administration wherever confronted with illegality, ethics issues or outright scandal simply is their first response. Thats the thing in this. This would have been a serious finish they would have admitted it, they would have taken a hit in Public Opinion for a little bit but could have made amends, held him responsible and moved on. Instead its not in the dna to take responsibility, so their instinct was to stonewall and obstruct, theyve made it more serious than it probably would have been at least in terms of the white house official. Lou serious as you put it, it certainly is. Congressman, we thanks for being with us as always. Congressman ron desantis. Turning to much needed good news about the possibility of preventing an ebola outbreak. A Dallas County sheriffs deputy who went into the apartment where ebola patient zero thomas eric duncan, had been living today, tested negative for the deadly virus. The situation is bleak in west africa and worsening. The head of the United Nations is a 20 fold increase in International Aid is desperately needed to fight the outbreak in west africa and the head of the centers of Disease Control says the widening epidemic is reminiscent in his view of aids. I will say that in the 30 years ive been working in public health, the only thing like this has been aids. And we have to work now so this is not the worlds next aids. Lou six military aircraft carrying 100 more marines arrived in liberia to help build medical centers there. The total number of our troops in the country, 300. Eventually 4,000 troops could be deployed. Were coming right back. Stay with us. Another oldfashioned selloff on wall street or is it something more . It something more . Well have so ally bank really has no hidden fees on savings accounts . Thats right. Its just that im worried about you know hidden things. Ok, whys that . No hidden fees, from the bank where no branches equals great rates. [ female announcer ] we love our smartphones. And now telcos using hp Big Data Solutions are feeling the love, too. By offering things like onthespot data upgrades an idea that reduced overcharge complaints by 98 . No matter how fast your Business Needs to adapt, if hp Big Data Solutions can keep wireless customers smiling, imagine what they can do for yours. Make it matter. Lou a bloodbath, a sharp selloff on wall street. The dow plummeted 335 points. The s p down 41 and the nasdaq down 90 points. Volume on the big board 4. 3 billion shares. For more on the days selloff and causes and the prospects for us all, moodys Capital Markets chief economist john lonski and fox business contributor anthony scaramucci. Good to have you both here. Welcome to the network, by the way. Thrilled to be here. Lou delighted to have. You appreciate it. Lou super to have you with us tonight. John, turn to you first. This is all about the fundamentals and the market the last few days, triple digit moves. I dont think so. I mean the volatility itself is a giveaway, perhaps there is profit taking going on on. That being said, i wouldnt be surprised if investors have concluded that the upside is quite limited and that theyre going to be proceeding cautiously going forward. Lou looks like a good time for caution. So bearish, john . No, im not bearish, i think were going to finish up 5 for the year overall. Up now at about 3 . Might be bobbing up and down for a while. I wouldnt say my view is bearish. The economy is going to continue to grow. More importantly profits continue to expand, and as long as Interest Rates remain at ultralow levels, theres no reason to expect a protracted long live decline by equities. Lou you are always the source of great surprise and often delightful surprises and tonight among those moments. Im more bullish. Lou really . Yeah, i think we have to accept theres a new paradigm, that started on march 10, 2009ment the Federal Reserve intervenes in a massive way. Limiting the price discovery of the markets and had inflation rate of six years, theyre not going to let go now the and watch a precipitous stock market decline. Lou you think there is reaction to the september minutes of the fed. I think what youre seeing right now is a seasonal adjustment going on in the market that is not necessarily related to disrupting the longterm bull market trend. Lou so we were up about rates are at zero, theyre going to stay zero for a long period of time. Lou zero minus. They should be minus. She cant bring them below zero. The darned effective rates. The reality here is as you look around the globe, other markets that are getting hammered as well, we seem to be leading the way into a trough, it may be weve stepped into a bucket and going to Higher Ground as you gentlemen indicate, but this is a global phenomenon right now. We are watching economies slow around the world. You are talk about growth, john. Im looking for it. Not finding it. Come on. We came off of a strong Second Quarter up 4. 6 . Lou are you using the Commerce Department numbers . Are you really . Were looking at growth, a sales growth that is perceptible. Take a look at germany. The message from europe is by itself monetary stimulus, ecb stimulus is not going to save europe. Sooner or later, the europeans have to wake up to the fact they need structural reforms, they need to liberalize the labor market, the Product Market and so on. These changes will be disinflationary and i wouldnt be surprised. And in response we find that u. S. Inflation remains very low, closer to 1 than 2 and turn the treasury yield heads down to 2 . Lou today we didnt see any indication of safe haven buying. The 10year, were looking at no move at all. Thats why the selloff was so severe. You have a long bill bull market trend and youre going to have adjustments and hiccups like this. Is this a game over scenario. Are we going to see a steep correction or pause in the markets . Skybridge taking the position its a pause in the markets. The growth isnt there, its not going to be there under the current structural environment without Corporate Tax reform and improvement in the wages and the economy. Growth is not going to be where you like it to be lou, or the two of us. Lou the growth im interested in, growth in jobs, growth in portfolio appreciation. I dont see youll get the latter as a result of monetary policy, and whether we like it or not, the Federal Reserve has the pedal to the metal and Interest Rates are the gravity of financial assets. Lou i thought they just backed off on quantitative easing buying up a of the bonds. Tapering does not mean tightening. When youre at zero, it means zero. You dont have a lot of places to go. If were right about the scenario on the fixed income side. 2 august for a robust 2015 for stocks. How will we know if you guys are right . Whats the first warning sign . Another triple digit selloff or what are we to expect in the shortterm . January effect. Lou jan effect. Have to move lower. Housing isnt doing too well. In United States. That help is not going to come in the form of a 2. 75 treasury yield, its going to take the form of a 2 , 10year treasury yield. Lou i started to see the bears come out. I dont do that with anthony. The Federal Reserve is controlling 70 of the mortgage market. The mortgages are originated, stepping into the Housing Market to buy them. The rates are low, you keep the rates low, enough corporate profitability to sustain another leg in the market. Lou we can only see the fed drive business investment, job creation and overcome a few other minor issues like regulation taxation. Anthony great to have you here. Come back soon. Would you as well, mr. Lonski. I sure well. Lou join me and my Financial Reports three times a day coasttocoast on the salem radio network. Time for a look at online poll results. A beauty. We asked whether there is any issue that would cause to you vote for the democratic candidate in next months Midterm Elections . 95 of you said no. Be sure to join us in tonights poll and vote on the question, do you consider this to be the most corrupt Administration SinceRichard Nixon or symply the most corrupt, period. Cast your vote at loudobbs. Com. Turkey declares they wont save the lives of more than 200,000 kurds who face massacre at the hands of the Islamic State. We have seen u. S. Coalition airstrikes there in the past. We are hearing jets overhead into the far right, turkish tanks, poised, ready, doing nothing. Lou ambassador john bolton joins us next. You ststststst yo, bro, you on woowoo . You ststststst are you kidding me . Everybodys on woowoo [elevator bell rings] woowoo . Lock and load, people were going all in on woowoo mark comp us up a profile page susie write us some posts i want sponsored woos. I want targeted woos. We need an ethnically ambiguous woowoo mascot. Dude. Are you still on woowoo . Naaaahh, man, my moms on woowoo. Health can change in a minute. So cvs health is changing healthcare. Making it more accessible and affordable, with over 900 locations for walkin medical care. And more on the way. Minuteclinic. Another innovation from cvs health. Because health is everything. An Unprecedented Program arting busithat partners businesses with universities across the state. For better access to talent, cutting edge research, and state of the art facilities. And you pay no taxes for ten years. From biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo. Startupny has new businesses popping up across the state. See how startupny can help your business grow at startup. Ny. Gov. Lou coming up here tonight with just 25 days until the Midterm Elections, democrats are desperate, making wholesale changes on the campaign trail, well be telling you all about that, and st. Louis erupting in demonstrations against police violence. Well explore how president obama and eric holder, well, how theyre not involved this time and why . U. S. And nato officials in turkey today pressing leaders to join the fight against the Islamic State, but turkeys foreign minister saying it is not, quote, realistic to expect turkey to conduct a ground operation in syria. U. S. Airstrikes doing too little to stop the Islamic State in kobani, the terrorist group now controlling more than a third of the Syrian Border town, and joining us former u. S. Ambassador to the United Nations, Fox News Contributor john bolton. Ambassador, good to have you with us. This is, i guess, reasonable to have expected on the part of the administration that turkey would not intervene in the fight, but why then are they in the coalition if they will permit 200,000 people to be simply executed, massacred . Well, it shows both how complicated the situation is in the region and how ineffective is the obama administrations leadership. You know, honestly here, turkey doesnt come to this problem with clean hands. They allowed a lot of the jihadis to go through turkey into syria to participate in the opposition because turkey would love to see the assad regime overthrown, and lets face it, turkey has a real kurdish