Pretty negative on this for quite some time. Legendary investor mark faber. That is coming up. I am trish regan. Welcome to the intelligence report. Back here from New Hampshire in new york. Gop candidates are stumping in South Carolina. Were nine days away from the primary. Marco rubio is licking his wounds from the saturdays debate. He is going on offense attacking donald trump. Donald trump has zero Foreign Policy experience. Negotiating hotel deal in another country is not Foreign Policy experience. Trish jeb bush, pulling in whole big family. So much for just jeb. Moments ago, his brother, former president george w. Bush announced he will be hitting the campaign trail too. Jeb, his mom, now his brother. It is bush family affair. Also breaking this hour, the state department ordering release of Hillary Clintons emails by the end of the month. This comes as she is even more trouble. Fox has learned exclusively her top aides were handling top secret info to secretive to be released and they were handling this through their personal email accounts. What does this mean for the frontrunner, as her opponent sanderss rides high and will her staff face potential indictments as well . We have all that covered. I first want to get back to the selloff. We look at near lowses of the session. Off 351. Im joined on set, jonas max ferris. Ashley webster live on floor of New York Stock Exchange. Ashley no war to hide except what . Gold . Gold, treasurys, trish. Gold is up 54 bucks. Up as much as 60 or more this morning. That tells you something. One od assets. Treasury down to 1. 60 . That is most scariest thing of all. It is not 2008 everyone tells me but sure feels like it of the global malaise beginning in china. We have concerns about the european financial sector. Concerns how healthy it is. We have record low oil prices. We have economy here in the u. S. Which is not exactly gangbusters. You put it all together, earnings have not been that great. Outlook is weaker. You have the fed by all accounts, if you ask Anyone Around me here, they are clueless and out of arrows to do anything about it. Then janet yellen yesterday goes to a house committee, says, im not so sure negative rates are legal. Today she says negative rates are not off the table just by saying that. It adds another layer of anxiousness to market already skiddish. Trish understandably, ashley. People are worried she doesnt really fully grasp how difficult things are right now. The fact that she would move rates higher and they are somewhat of a dovish fed and she is certainly a dove had a lot of people scratching their heads early on. I want to go to jonas for a moment to talk about this is something more than just a market selloff. The fear is, right, this is some kind of systemic problem and selling will beget more selling. You have problems in the credit market . What is your take on that . That is definitely the fear that it is spreading in contagion fashion. Not, china fell in their demand for commodities fell, the order of things was commodities started to fall first and hardest. Trish yes. Then Energy Stocks and Natural Resource stocks. Then all of sudden their debt became major distresseds set. Now banks who lend money to Energy Companies to drill, pump pipelines, all the projects mothballed and shut down and defaults. Not the spread trish how exposed are the banks in your view . They are not as exposed banks were to mortgage debt. Not that level of crisis but that spiral im describe something very similar how it start in subprime. All of sudden commercial mortgage debt and bank hand crowds, our banks are down. One of the worst sectors to be in. They have stronger Balance Sheets for variety of reasons. Trish they had to, right. They have only 5, 6 of their they can take the hit. Doesnt mean you wont get panic selling. Even negative quarter percent Interest Rate, giving people money to buy fuel. Trish not going to fix it. Youre absolutely right. Youre absolutely right. Jonas, good to see you. Ashley i will check in with you in a short while again. The question is todays selloff start of something deeper, something really a credit crisis of sorts as jonas referred to of the marc faber publisher of the boom gloom and doom reports, warning of a bubble for some time. He said we never got through 08. Marc, good to see you, we never got to talk to you. How are you . Im good. Trish markets not so good off 360 points on the dow. Yes. Trish what is going on here in your view . Well, it could be worst in the markets because i lived through the 87 crash during which stocks dropped 21 in one day. So what did we see here is just a mere appetizer of something larger. Trish appetizer. This is an appetizer of something bigger in your view. I mean dont forget, 87 we managed to recuperate pretty well. We didnt get the hangover weve had going on really since 2008. Why is it, and before i actually say why is it, people are talking about a systemic crisis here, a debt crisis. Debt crisis are far more difficult than an equities crisis to combat. Do you think thats what were in right now . Well my sense is that many policies that were implemented in the particularly zero Interest Rates and the more recently negative Interest Rates are rather negative for asset markets than positive. They create a lot of uncertainty in investors minds. We have the statistics on all the countries that have introduced negative Interest Rates. And in all these countries actually, the savings rate went up. Because if you tell me before, i have 6 interest on my deposit, and now i have to pay something to have the deposits with the banks, then i feel very insecure and therefore i may say its more, rather than spend. So these policies may be actually counterproductive and as was just mentioned before, they are negative for banks earnings. Trish so you blame the fed . Im not blaming only the fed. Im blaming the fed, the bank of japan and ecb. Trish Central Banks. They basically talk to each other every day. They coordinate monetary policies and they come from the same neoconcerns sy ton interventionist culture to he believe they can do somethg for last 5000 years of recorded Human History since the time of babylon we never had negative Interest Rates because the natural markets, ill tell you, you can have today 100,000 or in five years 100,000, you will take the 100,000 today because you can use them for five years. Trish so to introduce negative Interest Rates trish in your view, to help the viewers understand, not as though the Central Banks are basically not trying to ignore human instincts and in doing so have created a whole alternative set of problems, are these big problems . The Central Banks remind me of the movie, one flew over the cuckoos nest where the doctors are the insane. Where as the inmates are actually quite Common People with common sense and normal. This is exactly what i think is happening today. Trish so where do we go from here . Market is off 340 points. A lot of trepidation, a lot of volatility there, does that continue . My sense is that the markets has been weak for a year now. The average stock on the New York Stock Exchange is down 25 . And the markets near term is becoming a very oversold. We may still go somewhat he lower. But i would wait for a rebound to sell short or to sell my holdings. I think a rebound is over due. We get a spring rally, no new highs. And probably the worsening economic outlook. The stock market is telling you a recession is already here. Trish really . Do you believe its here . I beg your pardon . Trish do you believe its here . I believe that the Global Economy is in recession already, yes. And i believe that political background in the u. S. Is also going to create a lot of uncertainty. Trish yeah. Because the two leading candidates are outside of the political establishment, Bernie Sanders and donald trump. And that may create further tensions within the Financial Service industry. Trish yeah. All right. Well, on that note well turn to politics. Marc faber, always good to talk to you, sir. It is not so often i get someone who can make the comparison between one flew over the cuckoos nest and market. Thank you. Thank you. Nine days to go before the next primary. This could be the one that cements the donald trump as nominee on republican ticket. He is tapping into this news curve, hitting hard on issues that voters consistently care about the most. Big issue right now, the economy. Accoan anyone in washington would let us believe. So youre reporting on the jobs numbers which are phony numbers because they were put up by politicians in order to look good. They dont talk about you will at people who cant find jobs. Which are people unemployed. That is called unemployment. If you add up all the people that have looked for jobs and can not find them and now have given up looking, youre talking about a employment rate that could be as high as 25 . It is incredible. Trish hmmm. Joining me right now republican strategist Ford Oconnell and democratic strategist chuck rocha. I bet both of you guys agree donald trump is on to something here, that unemployment is much worse than the 4. 9 we hear about . Chuck . Well i would say he tapped into the frustration in america, thats for sure. That is why he won election in New Hampshire, come in second in iowa. All polls show him ahead in all super tuesday states. Lots of people out there, democrats, republicans, independents who feel frustration and donald trump i would even go as far as Bernie Sanders tapped into that. Tapped into that frustration. People feel like now they have a an outlet. Not the status quo and politician. They are liking him a lot. Trish do we think a poor economy actually plays straight into his hands, chuck . I do. I do think it plays in. I anytime people are frustrated and anytime people have not seen real wage growth in 20 years thats where it all stems from. Trish ford, you know, it is interesting because both these candidates, both the outsiders, Bernie Sanders and donald trump, theyre both hitting on this economic issue. And weve seen from just all the poll data comes out that this is what matters to people right now. Think want to feel secure in their economic futures and they just dont. So does this mean we could see potentially a donald trump, Bernie Sanders, kind of run . Well you may very well see a donald trump nomination because honestly if field doesnt get any thinner he will win nomination with plurality of votes especially getting momentum in evangelical states coming up like South Carolina but understand with Bernie Sanders. Bernie sanders is never going to see the nomination because of the way the delegates are set up on the democratic side. The fix is in. Frankly you know what . Bernie sanders voters should stop feeling the bern. Guess what they should do Pay Attention to the rules. Because the fix is in and nothing democratic about the democratic party. To your point, one more thing, trish, previous guest said markets are scared about sanders and trump. Guess what trumps want to do . He said if i become the nominee i will bring in somebody with political experience. I think that may well calm it down. Ive been bullish on trump. Trish said that to neil cavuto. Lets watch. Play a quick clip. I want to show you something else. There you go. Im not even you know, discussing it with you because youre asking to discuss it, because number one i want to win and after i win i can think about this because there are some really, really good people we know. I would think because of the fact while im very political im not a politician i would want to choose a politician. Trish he would want to choose a politician. Here he is in New Hampshire just the other day getting introduced by senator scott brown. Watch this. Vice president. Hey. That sound like, hey, hey. [cheering] sounds good. You know what . He is central casting. Look at that guy, central casting. Trish talking about scott brown being run out of central casting. I asked senator would you consider it . We havent talked about that yet. Anyway, who would be on the short list . Ford, who could he benefit from . Actually two people he could benefit from, one is florida senator marco rubio. Tough win florida if you want to win white house. He has problem with hispanics. Frankly you need marco rubio to take on Univision Jorge ramos. Number two person, no trick, Ohio Governor john kasich. 18 years in the congress and two terms as governor, second most important state. I think britten out for written out for trump should he win the nomination. Trish john kasich, would that be something you advise him to be considering, chuck, if you were republican consultant today . If i was republican consultant my grandma come get me up out of the grave to be honest. If i was going to do this, ford brings up great point, call electoral college. If you have ohio or florida in your back pocket playing with peoples money. You have times. You got things you can do. Looking at strategy where to be at. At end about electoral college. Only 15 state really in play. I call this biden effect. Same thing happened with one barack obama. Because he hadnt been in washington very long. Bottom old gray hair to help him out who knew where bodies are buried. That is where uncle joe come. He needs somebody who knows his way around. I totally agree. Unless there is recession, major war only seven states in play. Donald trump wants to be next president of the United States. Win, florida, ohio, virginia. Really that simple. If democrats win any of those. Republican out of the white house. I like when republican makes my point. Trish ford, chuck, appreciate it. Everyone, market still off 344 points. Well continue our coverage of that as people debate the rterm, recession. We have learned today, the number of Sexual Assaults on women in germany primarily by migrants, quadrupled during the countrys carnival. Now germany is tightening its border control. Is european culture committing suicide by allowing in more than a million refugees . What does that mean for us . Thats next. You both have a perfect driving record. Perfect. No tickets. No accidents. That is until one of you clips a food truck, ruining your perfect record. Yup. Now, you would think your Insurance Company would cut you some slack, right . No. Your insurance rates go through the roof. Your perfect record doesnt get you anything. Anything. Perfect for drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claim centers are available to assist you 24 7. For a free quote, call Liberty Mutual at switch to Liberty Mutual and you could save up to 509 call today at see Car Insurance in a whole new light. Trish see were off lows of the session but just barely. The market getting hammered off 375 points. We heard earlier in the show from famed market investor marc faber is usually negative but especially negative comparing this market to one flew over the cuckoos nest. That is this appetizer of more concerns to come. Global recession, fears that Central Banks around the world basically have. Negative rates. Fears janet yellen doesnt quite know what she has gotten herself into. Turn to another story. Germany clamping down on borders for next three months due to high numbers of refugee arrival. Decision comes one day after Cologne Police announced Sexual Assault complaints quadrupled in the carnival. They actually had to have safe zones for women. Staffed with social workers and psychiatrists this is all in reaction to the roughly thousand Sexual Assaults that took place in germany on new years eve. Police have not released any information yet as to how many of these crimes were committed by migrants but the increase in Sexual Violence comes as europe is in the midst of a very dangerous culture clash due to the influx of migrants. It is raising a whole amount of concerns what could happen here when president obama fulfills his vow allowing 10,000 refugees into the United States this year . Long Time National security analyst and fox contributor Judith Miller joins me on set with more. Nights to see you nice to see you. This is remarkable. This entire story is so disturbing that women in europe can no longer go outside their doors with confidence and feel like they can, you know he, walk home with their girlfriends at night for fear of assault by these migrants. That is what is has come to . Especially in cologne which had such influx of these refugees. Germany is trying to divide up refugees and migrants so theyre not concentrated in one place. With you have 2 to 3,000 people arriving every day in europe and when you accepted 1. 1 million as germany did last year, which makes them the largest recipient of such people, yes you will have cultural clashes in a country whose population is 80 million and dropping in terms of actual german citizens. Trish i showed these