Your world with neil cavuto. Suzanne lee on what has this market riled up or down. The good to see you, charles, markets wiping out gains for 2019. Single biggest day loss in three years on the back of trade concerns and also exacerbated by President Trumps comments on saudi arabia. Plunging as result of every oil stock that trades on s p 500 down in the session. That is good for drivers filling up gas tanks for the this will holiday, National Average at pump 2. 61, . 20 cheaper than they were two months ago. Tech drag continues, we call them the fangs, facebook, apple, amazon, netflix, google, bare market territory, down. The names run up so much this year, the markets are concerned future sales and profits may not justify expensive valuations, that is also the case for retailers who have had a fantastic year so far. Kohls and target reporting better than ever numbers. This as we head to black friday, supposed to be biggest shopping day of the year. Americans are expected to spend more this year than last year. Concerns in the markets are threefold. Talk about higher interest rates, trade tensions with china and corporate earnings and that is why wall street giant Goldman Sachs is forecasting gdp growth next year, down a long way from the 3. 5 forecast for this year, 2018, which would be the best year of Economic Growth since 2005. Now as we head into thanksgiving holiday, charles, traders dont want to hold stock necessary falling market when they cant trade out of them. We have markets closed for the holiday, that along with computer algorithmic world we live in, means we should get used to big moves up and down. Back to you. Thank you. You mentioned Goldman Sachs warning of economic slowdown. The white house is not buying that. John roberts with more on that. John. The white house is not buying whether it is was the chief Economic Advisor larry kudlow, or the president on the south lawn just a few minutes ago, the word from the white house is that forget the gyrations, up and down of the stock market, the basics of the American Economy are very strong. Listen to the president here. President trump no, i think were doing great. As a country, were doing great. Unemployment is at record low. Look at the different statistics. I think your tech stocks have problems, but that will come back. I think we will do very well. Id like to see the fed with lower interest rate, i think the rate is too high. We have more fed problem than a problem with anyone else. President trump has said that a number of times, gone so far as to say the fed has gone crazy. Latest swoon in the stock market started when Vice President mike pence and xi jinping had words at the apec conference last weekend in papua, new guinea. Larry kudlow suggesting that the issues that were at the heart of that disagreement between pence and xi jinping are going to come to a head later this month in boones lick at the g20. Here is kudlow. Basic economy has reawakened and it is going to stay there. I mean, im reading some of the weirdest stuff. Session is around the corner, nonsense. My personal view, our administrations view, recession is so far in the distance, i cant see it. So what kudlow said about the apec conference was he thought the Vice President stood up for america. Hes made the case before. He said there was a lot of opposition at apec to what china is doing and that it is going to come to a head at the g20 in buenes aries. You heard the president on the south lawn saying his policies of America First remain in place and hes siding with saudi arabia in this Jamal Khashoggi case. Charles. Absolutely. That was the White House Press release. Thank you, appreciate it. The big question, of course everyone is asking, is the market about to hit bottom . Lets ask our market pros. Larry, start with you. These markets, selling begets selling, emotions run wild and nothing matters. Great earnings, i dont care, stocks going down. Great guidance, i dont care, stocks going down. We are in the throws of it right now. How do you determine when we get near the bottom of it . Well, i think were almost at the bottom of it. I think what is more important, i can rattle off all the reasons why were down, all the pessimism, but if you look at the price action, it is about the fed who while risk assets are falling, Global Concerns run up pace, they are continuing on tightening path and that has spooked markets. Look at the action today, charles, if this was recessionary, yields would be down. They were actually up. Wed see outperformance in the belly of the curve, this did not occur. What happened fed fund futures actually yields went up slightly and we saw small outperformance long into the curve. It is all about the fed and well see more of that next week with regard to calming the market down. Yeah, i mean, you realize go ahead. Go ahead. We get a press conference from chairman powell. October 3rd, he gave a speech i think triggered massive selloff and the market hasnt recovered. Melissa, i want to bring you in. Many things gnawing at the market. You can argue it is oversold, that doesnt mean it will stop going down. It hasnt. Selling begets selling, people panic. Every single professional article i read today was telling people to sell. They are creating panic in people. Get out now or regret it. Honestly, when i look at the market, were holding uptrend. There are some people saying, the trend, that is not true, the market technically speak suggest holding. Unless dow gets in premark sxet opens under 23, answer are00 and falls off a cliff, we are holding the uptrend. I have high hopes for the markets to rally in december. You give me high hopes. Lay it on us, couple Million People want to know what is going on. I agree with melissa. There is a couple things going on. Are we still in an uptrend . It depends on your perspective, charles. Melissa is looking at longterm chart or longerterm chart than daily or weekly. You have to say the market is still in a bull market. Does it feel scare sne absolutely. I own a lot of fang stocks, amazon, netflix, what is netflix down like 35 from isnt it . Exactly. You are still up for the year, thats good. It feels lousy from a few weeks ago. Again, it all depends on your perspective, i always try to take a step back and turn off all the news, all the stop reading everything and say hmm, am i still going to use netflix tonight . Yeah. Did i use amazon today to start ordering Christmas Gifts . Yes. Are those companies most likely going to be around three, five, 10 years from now . Youd have to say yes. Take a step back and say one, yeah, its painful. Right; right. You give into that. Two, you say, i like what i own. Im bullish and certainly based on the foundation of the economy, youd have to say things look still pretty good, but scary. Larry, to that point, investors do retreat, not companies they think would be around five or 10 years from now, been around 100 years. Campbell a soup, johnson and johnson held up okay. Were at a place now where automatic pilot to the downside and i guess from you, your best advice would be what . My best advice, stay in the market, coast is clear investing, never, never works. But that said, there has been significant chasm between growth and value for a year and a half and for me, when i start seeing leadership from another group, other than uber tech, that is when i know the second or third leg of the bull rally is in tact. Melissa, what would you tell folks . Retail approach, if you are active trader, youre having a great time because of all the volatility. Longterm trader or investor, the market is bullish. One quick thing, if trump can pull a rabbit out of a hat and get the deal done with china between now and january 1, the market will take off and people that sold in the last months of october will regret it. That is one big rabbit, anything is possible. Thank you very much, appreciate it. Obama pointed judge spoken, all migrants must be allowed to file asylum claims no matter where they cross the border. Homeland security secretary Kirstjen Nielson about to hold a press conference. Are border agents, what are they going to do . Head of Border Protection will join us next. If youre 65 or older, even if youre healthy, you may be at increased risk for Pneumococcal Pneumonia a potentially serious bacterial lung disease that can disrupt your routine for weeks. 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Yeah, very unfortunate decision out of california on federal court level. What we have is 1750 People Per Day acrossing the border illegally, huge number of families, unaccompanied children, many are claiming asylum, that is not a victimless crime. They are paying smugglers, putting Border Patrol officers at risk. What the president is trying to do is take away asylum after illegal entry and force them to go through lawful process. The number of people claiming asylum, what is percentage end up being bona fide victims, bona fide that the claims are actually true . Right, that is one of the core elements of the challenge were facing, the asylum gap. The gap in people that make fear claim who are found almost 85 to 90 of the time to pass the initial bar, very low bar, but then ultimately when seeing immigration judge, the end of the process, 10 to 20 of getting asylum. We have situation, thousands of people are coming across the border each month and will be here for years before they see immigration judge, a gap the president is trying to close down with his declaration. Can there be compromise, from what i understand, suggestions have been made, more entrances with the proper vetting system, so that there are more options and maybe someone who might want to do it the right way could be enticed, it is not so difficult . Absolutely right. Weve made recommendations to the congress throughout this administration, to tighten laws so people would present at points of entry and have realistic sense of whether asylum would be granted. We need help from congress to do that. We are not pushing back, pushing forward and deploying to ports of entry, ready for arrival, which is now present in tijuana. Over 6000 members of socalled caravan heading to the border, we will not let them enter unlawfully. A lot made of the troops sent to assist with the efforts, some complaining it is unfortunate they have to be away from home on thanksgiving. But also some reports that some are starting to leave. Give us assessment of what the troops have done so far and how much more would Border Patrol need their assistance . We appreciate the partnership with our military brothers and sisters. I was in mcallen last thursday with group of Army Personnel deployed, engineers, doctors, military police, professionals helping us harden the border, protect ports of entry and be prepared for contingency we might face. On friday, i was in san diego out at camp pendleton, doing the same thing. Just north of tijuana, there is a group of caravan members waiting. We really appreciate their assistance, definitely mindful of being away from family over holidays, their service is incredibly valued, right alongside the members of Border Patrol and officers. We sent a thousand to the border on top of the 20,000 men and women who protect our border everyday. Contingency, what are worst Case Scenario . This is a different caravan. This is a large group, cohesive, mainly adult mail males. They have assaulted officials in guatemala and mexico, we have seen them be willing to use aggressive tactics, we have to be prepared. Worst case would be thousands of people trying to force their way through vehicle lanes at point of entry unlawfully into the u. S. , that is what were prepared to stop. Would the u. S. Military be involved with confrontation like that . The front line will be officers supported by Border Patrol and reaching out to state and local, as well. What the military will do, help us harden the border, put barriers in case, in the case of large Group Heading toward a line any given time and potentially be there to protect infrastructure and personnel in the case of an emergency. We will hear from Homeland SecurityKirstjen Nielson, what would you like to hear . What is it you and folks serving at the border need to hear from her . Secretary nielsen is working with our commanders in the field to see what else they need to feel confident to address any contingency to the situation. Id like to hear what shes observed. I was there a few days ago, shes been negotiating with partner necessary mexico, talking to state and local officials for any situation. Are you confident that ultimately despite this initial ruling, because we saw this, with respect to the travel ban, if you will, going pingpong, back and forth in the court system that ultimately maybe the legal system will prevail and there will be some form, i wouldnt call it common sense because right now, hey, just come, get in and many people believe to your point, abuse the system and it is expensive, length and he unfair to people waiting to do it the right way . Absolutely right. Absolutely common sense. The president s authority under section 212 f of Immigration Law is a strong authority. This was a very appropriate use of it to prevent people from claiming asylum after crossing illegally. We want them to come in a safe and orderly way, claims would be considered in appropriate manner with due process and fair and transparent. Thank you. Really appreciate it, good luck down there. Looks like all eyes are on you and hopefully it will work out best for everyone involved, we appreciate it. Our men and women are ready. Thank you. Major cities preparing for record cold temperatures this thanksgiving. What you and your family need to know. While key democrats are making investigations a key priority, a new Research Report suggests they may want to slow it down. Our big idaho potato truck is out there somewhere and were going to find it. Awe man. Always look for the grown in idaho seal. Psoriasis or psoriatic arthritis, Little Things can be a big deal. Thats why theres otezla. 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And this is moving day with Reliable Service appointments in a twohour window so youre up and running in no time. Show me decorating shows. This is staying connected with xfinity to make moving. Simple. Easy. Awesome. Stay connected while you move with the best wifi experience and twohour appointment windows. Click, call or visit a store today. Talk about cold turkey, record low temperatures expected for parts of the country on thanksgiving. Fox Weather Center on this coming. I can feel it already, adam. Charles, it is going to