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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 hasn't been built yesterday. a lot of times it was deposited in another lot. from our scanning of the structures, there's few houses that will be repaired. most have to be ripped down and started over. the other big project is power. that's why you have people asking if they have evacuated to stay evacuat...

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 includes raising interest rates. they are really under the gun to get it right. it's going to be a tough de...

He's 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 wasn't there. i was in the first term. nobody thought the rates would go up when i was there. >> neil: they didn't. >> there's a lost history in private presidents and administrations wincing, why is the fed doing this? i guess i don't understand -- i do understood, but i'm puzzled by why the pre...

Called october surprise. it's 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 republicans. so they don't want to be standing there as the market is going off the cliff. the question is ...

We have to give the markets the freedom to clear. the stock market is his favorite metric. it's 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 didn't 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 presided over a strong economy. i think president trump should have more faith in what he's achieved....