Transcripts For FBC After The Bell 20240714

Just crossing into the green line. Techheavy nasdaq closing lower. Im deirdre bolton, in for melissa francis. Connell good to see you, deirdre. Im Connell Mcshane this is after the bell. First lets get to what is new at this hour. Preparing for the possibility of just a direct hit. Resident across florida, bracing for Hurricane Dorian to strike as potentially catastrophic category 4 storm. If youre in an evacuation zone, youre ordered to evacuate, please do so. Put the safety first. This is potentially a multiday event, where it will churn slowly across the state. Connell at this point dorians path is still difficult to predict. It could end up being the most powerful storm to hit the east coast of florida in nearly 30 years. It is currently a cat3. Winds up to 115 miles an hour. Strengthening over the water. Residents on high alert. Stocking up on usuals, water, food, supplies. Many are finding empty shelves at grocery stores. Certainly long lines for gasoline. Well keep you updated throughout the hour on the storms path. Deirdre blake burman at the white house. Gerri willis closing out insanely volatile month from the new york stock exchange. Blake we start with you. Reporter another dramatic moment between the trade war coming tomorrow night at midnights as tariffs will be raised once again. This deals with second batch of tariffs. That second batch increased from 10 up to 15 . Head of this though. Both sides, u. S. And china, are trying to make the point that at least at this point, they continue to talk. For example a spokesperson for Chinas Foreign Ministry saying earlier today, quote, what i can tell you is, first the economic and trade teams of china and United States have always maintained effective communication. Now that spokesperson was responding to this comment from President Trump, who called in yesterday to brian kill meets radio show. Kilmeade. Talks scheduled, there is a talk scheduled for today at a different level. Yeah, they have been talking and, you know, the fake news tried to say we werent talking last week and then the vice premier of china said, no, no, we have been talking. He spoke to people. Reporter sources are telling us part of a complicated trade puzzle includes intermediaries. They are using big names in the private sector to share information or trial balloon ideas as one source put it so the dialogue could remain open. Two names we are told who acted as intermediaries, Steve Schwarzman head of blackstone, John Thornton former head of Goldman Sachs who has ties in china. It remains unknown who the u. S. Intermediaries are right now, who is talking to who at this point. Though you heard the president mention talks at different levels. Treasury secretary Steve Mnuchin talked about, quote, communication among intermediaries earlier this week. By the way, deirdre, connell, President Trump will leave the white house next hour. He will head to camp david this weekend where he will monitor Hurricane Dorian. Deirdre thanks, blake. Connell speaking of monitoring, were monitoring breaking news that has to do with twitter. Breaking news, the ceo of twitter, jack dorsey may have been the victim after hack on his own twitter account. He has four million followers, jack dorsey jack. There were number of slurs and expletives tweeted across on his account. Only thing we know about this report on the wire that jack dorseys twitter the account was apparently hacked. Were waiting for confirmmation or comment from the company on that. Stocks did snap a fourweek losing streak. We have that to hang our hat on, as we head into the long weekend. Gerri willis joins us reporter been a great week for stocks. All three major averages are up for the week. Theyre snapping a fourweek losing streak. That is good news. Russell 2000 and dow transports also higher. They have had a hard time recently. This flies in the face of what has bonn on last month, all of august. All three major averages down. Dow down 1. 83 . Nasdaq even down more than that as you can see right here. What is going on there . It had a lot to do earnings. It had a lot to do with talk about trade. We saw a lot of trade stocks moving lower through the month. Glad to see a turnaround at the end of the week. Oil prices dropping, paring the weekly gains as russia cutout put less than expected. That is an interesting story going on with oil. For the stock market, a lot of people say, hey, gerri, 500 points on the dow, at least it was not 1987 when that was 22 of the index. Connell true perspective. Gerri willis on the floor. Deirdre for more insight on the day, the week, the month we bring in the market panel. Jared levy, ted oakley, ox bow advisors, managing partner. Todays mix, gentlemen for the week up. In fact markets snapping a fourweek losing streak but for the month the worst performance since may. So, ted, are you buying or selling right now . Well, were not doing either one right now, deirdre. We have a high amount of cash in our stock accounts. Were probably 32 or so. When things have reached a level of, we felt like they were fully valued, we just havent had anything to buy. So we havent done a lot of that. Really august has done nothing if you get right down to it. Deirdre except give people a lot of heartburn. Jared, what are you advising . Got to dip into that zantac. I think volatility continues. There are always things to buy. A question of your risk tolerance, how much you can deal with. I think safe plays are going with the value names, looking for defensive type stuff, big yields, big dividend if you look to play it safe. This game with china is not over. We have dorian raging towards florida. We dont know how that will end up. I do like, believe it or not home depots, lowes as long as this is not another andrew, were praying it is not. Were looking staying long with amazon, apple here but probably looking to sell as we get close to the announcement for apple. Connell more on the hurricane in a moment, the u. S. Less than 32 hours away, if youre counting from imposing 15 tariffs on thousands of goods coming in from china are already on their way here. Now will there be a last minute reprieve . Lets bring curtis ellis in, former trade advisor to the trump campaign. Curtis this, is baked into the cake. Weve known about this for a little while at least. I guess the only market moving possibility if there was some sort of a last minute reprieve. Any chance, you know, the president has second thoughts over the weaken, pulls back a little, what do you think . Im wearing blue but not holding my breath, turning blue expecting a settlement here. This is a longterm problem. It has been going on for 30 years. It will take more than a few days, a few weeks, even a few months, possibly a couple of years to solve this. We have to end a very dysfunctional relationship. When we opened up trade with china, we were told china, chinese consumers would be buying everything we make, it would be great. Now were told, oh, we have to have a deal we make because china is making everything our consumers were buying. So this thing has gone terribly wrong. Connell it brings up a larger point, allows me, curtis to shamelessly plug a special we have planned for this weekend. What you were saying is one of the things we talked about. It is called the challenge for china, 9 00 p. M. On sunday. My reporting from earlier in the year in china also part of the special but a conversation with experts touches exactly what youre saying, how people really changed, americans, their views of china over the years. I want you to take a lessen to a clip from the special. Well talk about it. Here it is. There has been a dramatic shift, the title of your show, the challenge of china. The 10, 15 years ago it would be called the opportunity of china. The discussion would be how u. S. Companies get into china. Why if theyre not, why arent they . Connell patrick not the only one who feels it is not that type of a discussion anymore, curtis. The question when we come through all of this, what does it look like then . Is it as simple as a trade deal or have things in your view have thinged changed forever . I think it changed forever. We have to reinvest in america. All the supply chains, things used to be made in america are now being made in china. There is no metaphysical reason why they must be made in china. They could be made elsewhere United States and elsewhere. There is a big world outside of the United States, we season weve seen some of that. Moving back to the United States is cost issue. Going to malaysia, vietnam, those things are possible. There is a cost in the interim. Doesnt happen overnight. If you go from china, 1. 4 billion. Vietnam only 100 million. The other countries are smaller. It is not as easy as it sounds, i dont think it is. Maybe you disagree. What do you think . There are not many labor intensive industry we worry about. Robotics, automation, high Value Capital investment will take care of the work. India with over a billion people as well for some capital intenstive industries but there is no reason we need to be making things and investing in a totalitarian regime which wants to see the extermination of private property, Free Enterprise and the american way of life. Connell right. That is the context we need to view this in. Connell curtis, always great to have your insight on these issues. The challenge of china. Try to catch it on sunday 9 00 p. M. Eastern time. I am sure it will air number of times. Deirdre fantastic reporting from there i want to bring viewers up to speed on the news youre monitoring. Jack dorsey, ceo of twitter, his account has been hacked. Were confirming that for you. Twitter says it is aware dorseys account was quote, compromised. It is investigating all the details, including how, exactly what happened. Meantime we will confirm that. Tesla another stock weve been watching today. Closing up on the day. China exempting the company from the 10 tariff or 10 tax amid the ongoing trade war with the u. S. I assume this is personally due to teslas factory it opened in shanghai this year. Jared and tesla will tell me. Theyre back. Jared, long store short does this concession for whatever reason matter to tesla . It stills that to hit production targets, not a strong suit. It is a huge olive branch china is extending. There is a little giveandtake on teslas part and chinas part. I do think it helps tesla. Lets not forget the company dropped prices here in the states. They ramped up prices in china. If theyre able to ramp up prices ahead of this, they have confidence in demand. Maybe it is foolish, but i believe its a solid move and good thing for tesla. Deirdre ted, do you want to take the other side of that, with all due respect from jared, i heard the electric Vehicle Market in china is somewhat saturated. People who want that kind of vehicle already bought it. What is your take . You know, deirdre, that is some of the latest news. I dont own tesla. Obviously i follow it but i think tesla is one of those show me stocks. They talk a lot. Really vane gotten to that point to where they can put up or shut up to me. But, you know, maybe they will some day. I dont know. We dont own the stock. That is where we are. Deirdre jared, ted, thank you very much. Okay. Connell well get to the Hurricane Dorian coverage as we continue. It has been strengthing. Dangerous as category 3 storm. Could end up as a cat4. Tracking it at the fox Weather Center. Well give a close look how the resident are preparing for the storm, live in delray beach. Deirdre residents halted in hong kong. Tension far from clear. 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It could become the strongest hurricane to hit the east coast of florida since andrew in 1992. We have a long way to go before we make that judgment. Rick reichmuth in the Weather Center with latest on the path. Youre worried about it from a number of different angles this storm . Im worried about it from a number of different angles. Slight deviations from where it goes have big localized impacts. If it makes landfall the way it is likely to, it would be a really big storm surge, a really big wind event. Sometimes you dont have all those things happen in one time but likely would. There is also the possibility in this storm that it just hugs the coast, really does a lot of damage to the coast, but center never makes landfall into florida. There are many different scenarios. This is hurricane few years ago, matthew, projected 30 miles west. Went a little offshore, what could have category 4 making landfall, ended up skirting it. Caused a lot of damage up the caroline has. That is possibility with the storm yet. Unfortunately so many variables. Everybody needs to be on guard for it. Well to sure see a lot of rain along coast. Well for sure see that in georgia, carolinas as well. The storm gotten act together a lot today. Dry air had been impacting it, that is gone. Here is is a little bit to the south. I dont think that will inhibit its growth. Forecast pulls it to the west. Satellite imagery, you can see the center has gotten very organized. It looks exactly what you expect a hurricane to look. Officially moves to the west, take a turn, somewhere just offshore. If that happened, by the way, that wouldnt make landfall thursday or friday possibly of next week across the carolinas. Moves right in shore, moves up the peninsula. This last one seems like a outlyer, looking possibility of it much, going towards the west across the gulf. Best i guess, somewhere interior, right along the coast. You see what is happening with our models here. Most of them turning it well before is gets offshore. You get the idea there, really rough forecast, really slow moving storm for us next week across parts of florida. Connell rick, towns, local municipalities making decision, if you dont know yet what will happen, do you have an idea when you will know . When would be a better time to make decisions if not 4 20 on a friday . Sometimes the forecast is really straightforward, sometimes it is not. Unfortunately there are some things at play to make this move one direction or another. Those things, those other things, like High Pressure to the north, how strong it will be, a system coming from the west how strong that will be. We dont have a clear indication, probably maybe sunday morning. The storm slowed down, at this point were talking about a storm in theory making landfall four days from now, where this turn happens that far out, cant say. Connell thanks, deirdre. Deirdre joining us on the phone, fort pierce mayor linda hudson. Mayor, thanks for joining us now. Were picking up on a scene that rick and connell talked about. We know decisions to evacuate are local. When did you expect to make that decision . I think, what i heard him say was sunday morning. I think sometimes sunday that would be. But i will tell you this, our residents are prepared for this storm and if they are going to leave, they are going to leave today and tomorrow, in my opinion. They will not wait for the evacuation order. Deirdre which would seem to be a more orderly plan, right. Less chaos . Correct. It would seem, to be. You know, weve had these storms, matthew and irma, and weve had the drill before. And, in 2004 with francis and jean, many waited too late to evacuate. Deirdre especially living in florida, you have this extra layer of responsibility, but, i could imagine people saying, oh, i have heard about these storms so many times. I did fine in the last few. To what extent do you have to fight against that kind of complacency in your community . Well, it is, its a constant battle to remind residents to take the storm seriously. To take the warning seriously. And the uncertain t is, creates the fact that people get come place en, oh, they said this before, and it might not happen this time. It never seems to happen. Like, matthew did what we called the wobble. If it had gone a little further west, as, was said before, it would have been a totally different situation. Deirdre better safe than sorry. Would cause a lot of damage, it caused a lot of damage because it was heavily salted hurricane. The salt does a lot of damage. Deirdre i have seen some reports that mayors, such as yourself are giving residents, guidelines, example for example seven days without power, have water, have medicines ready. What guidelines have you given your community so far . The guidelines weve given them, stay tuned, stay informed. And were prepared. Weve, our public works people removed all of the debris and are going to continue to remove the debris. Weve fixed our stormwater drains so that, they will be open and free and clear. You can do all of that. You can still have flooding and you could still have flying projectiles. So what we have done, toll our residents, stay tuned. I think st. Lucie county, the county were in, the Emergency Operations center will be officially activated tomorrow. If theyre already working out there but they are, we have a special needs shelter that will be open tomorrow. Deirdre okay. Then we also have a petfriendly shelter that will be open probably sometime sunday. Deirdre that is great. I read a lot of dogs, cats were being moved as well. Mayor hudson, we wish you a safe weekend. Your city a safe weekend, youre in our thoughts. Thank you so much. Connell in addition to dorian, well keep an eye on hong kong this weekend. The protests officially have been called off but it does not necessarily mean we wont see chaos or we wont see violence. Well tell you why that is the case. We have a report from hong kong right after the break. President trump taking aim at general motors, telling automaker, essentially you might want to think moving operations back to the United States. Steve forbes responding to all of it, straight ahead. If your gums bleed when you brush, you may have gingivitis. And the clock could be ticking towards bad breath, receding gums, and possibly. Tooth loss. Help turn back the clock on gingivitis with parodontax. Leave bleeding gums behind. Parodontax. Theres a company thats talked than me jd power. People 448,134 to be exact. They answered 410 questions in 8 categories about vehicle quality. And when they were done, chevy earned more j. D. Power quality awards across cars, trucks and suvs than any other brand over the last four years. So on behalf of chevrolet, i want to say thank you, real people. Youre welcome. Were gonna need a bigger room. But some give their clients cookie cutter portfolios. Fisher investments tailors portfolios to your goals and needs. Some only call when they have something to sell. Fisher calls regularly so you stay informed. And while some advisors are happy to earn commissions whether you do well or not. Fisher investments fees are structured so we do better when you do better. Maybe thats why most of our clients come from other money managers. Fisher investments. Clearly better money management. Deirdre hong kong activists arrested, released, refusing to surrender the cause. Joshua wong is charged with unlawfully organizing rally in june. Hong kong and china expect protests, potential violence this weekend. Fox newss Jonathan Hunt is in hong kong with the latest. Jonathan . Reporter good Early Saturday Morning from a very wet hong kong. In the on going crackdown here, by hong kong police, including the arrests and charging of several prominent activists, one of the leading organizing group, abruptly canceled its participation in this weekends planned demonstrations saying it cannot guarranty the safety of protesters. We know the consequences. We would be either beaten up by police with batons, we may be dispersed by tear gas bombs. We may be arrested. I dont want people to take these risks. I think its a position that can only be made individually. This is one of the streets where those who do decide to protest tomorrow are likely to gather. Its a very busy street at best of times running through the heart of hong kong. The site of potential chaos. If poe poe protesters decide to defy the authorities. They will send troops across from Mainland China calling a routine rotation but clearly also sending a message. With the weekend demonstrations already declared illegal by the hong kong authorities, hardcore protesters say nonetheless they will be out on the streets. The veer that the violence weve seen before will repeat itself. Deirdre Jonathan Hunt is here. Connell steve forbes, forbes media chairman. Pick upjohn thans last point, if we do see, even after the official demonstration was canceled, protesters heading out to the street this weekend, things turn violent, how does china react i guess is one of the questions, right . I think hong kong authorities canceled one of the demonstrations would be formally canceled, that you would get violence, unruliness, they would have a pretext with more crackdowns, not just leaders but others trying to wear them down. Especially with School Starting they hope to wear this thing down. There is pressure from beijing. October 1st is the 70th anniversary of the communist take over the china t would be nice to have this thing behind them. China is ready to take action. They are hoping protesters give them the pretext to do it. Connell well see. It is Early Saturday Morning in hong kong. In a matter of hours we may get a better idea. I want to ask you about twitter it was interesting with President Trump. Keeps an eye on what youre doing with twitter, you indexed Capital Gains to inflation. The president said idea liked by many. He said maybe it is not such a great idea, i might be perceived being elitist if i go through with it. What is going on now . I think the president like as good stock market. He knows that reflect as good economy, told by some advisors including Treasury Department to drop the thing. Im sure his political shop says the same thing. He is a practical business person what works, indexing of Capital Gains, give new opportunities, giving market some juice it clearly needs. Even though we had a good week this week, the previous three weeks were pretty rough. Connell the other thing he did on twitter was go after general motors, getting a lot of attention about operating in china. Once the giant of detroit, president wrote, now one of smallest manufacturers. They moved major plants to china before i came into office. This was done despite the saving help give them by the usa. Now they should start moving back to america again . Moving behind ford and chrysler in terms of Union Employees here in the u. S. What do you i can make of that response . Gm being closely tied to gm is it. They sell more vehicles there than they do in the u. S. One of their models is a prestige model there. They cannot really move out unless they want to slit their own throats. Gm made a lot of mistakes over the years. They have a lot of work to do. They know they are trying to do it. Not an option. Connell didnt impact the stock. Nobody read much into the president s tweet. On twitter itself, breaking story that jack dorsey, ceo of twitter, was the subject of a hack. We dont know how it happened, who was behind it, but that does bring up larger issues . People talking on twitter, about the president , for example, the governments, other people, there is official statements that come on twitter from so many people that, boy, security there is a bigger concern than wobbles where, right . If the ceo can get hacked, what about the rest of us . Government has been hacked. Government records were hacked by china several years ago, office of personnel. Hundreds of thousands, millions of records electronically absconded with. This is no surprise. Everyone is vulnerable. Government announcements you can correct those things. Well not have a repeat of what happened 75 years ago, when orson welles famous radio broadcasters did a story about mars and people invading. People thought it was real story. Connell president turned out something and it turned out to be hacked, it could bring up issues with the market and, dont you think . You can do it with something with a nanosecond, this is out there, false ignore it. Connell steve forbes, have a great weekend. You too. Connell okay. Deirdre bracing for the worst. Resident in florida preparing for what could be a lifethreatening storm. Officials warning of dangerous winds exceeding 110 miles an hour. Well give you an update from the ground. Connell taking extra precaution, internet, cell phone carriers are better prepared for potential disaster as dorian gathers strength. One carrier boasting of Emergency Service from drones in the sky. These new preparations in response to the countless south floridians frustrated after slow return of local internet after irma hit in 2017. Always a big issue after these hurricanes. Cell service says they tried to recover. A Money Market Fund when you open a new account. 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As conditions deteriorate, it will be harder for crews to have rescues. Officials in the florida keys are telling visitors if they can leave islands calm think they should get out. If they have the means to go, they should. It will get a lot tougher to move services down to the florida keys if and when this storm does hit the florida main land, which is a very likely possibility according to all forecasts. Weve seen long lines at pretty much every store, for every critical service, including gas stations. People to having off the tanks, Publix Grocery stores, costco, box stores and home depot where people load up on fly wood to board up windows, generators, cast cans. Here is more on that. Everybody is stocking up early, plywood is gone. Generators are gone. Fighter jets, other aircraft, even vessels from ports, the navy moving vessels to safer water because of concerns what could go wrong if dorian lives to expectations comes ashore at cat4, winds 140 Miles Per Hour or more. The storm is slowing down in terms of the forward speed. The governor says that is a problem. Here is what he told us earlier. I would just say, this is the one constant on this storm, the track has been here or there, and there has been a lot of uncertainty but the one thing that has been pretty certain, this thing has been getting stronger, very consistently and completely in line with all of the forecasting. And so we anticipate this arriving somewhere in florida, as a major hurricane. It could reach, category 4 plus winds. Reporter according to gas buddy, gas stations in four major u. S. Metropolitan areas are running out of fuel. More than half the stations in those four cities are running out of fuel or are out of fuel. So its a problem. Theyre trying to address it. But things are expected to get a whole lot worse here over the next couple days. Deirdre thank thank you, rick. Stay safe. Connell slow moving storm over open water very warm. So not a very good combination. Deirdre adds momentum usually. Connell hope for the best. Hitting alltime high, student debt across the u. S. Twice what it was 10 years ago. What can be done to address what is a ballooning number. Well talk to economist ben stein about that coming up next. See thats funny, i thought you traded options. Im not really a wall street guy. Whats the hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. Stepbystep options trading support from Td Ameritrade at comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. Beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. Take your business beyond. Connell hitting an alltime high. American Student Loan Debt. Now reaching 1. 6 trillion. Connecticut topping the list with average student borrower in that state takes out more than 38,000 in order to get their diploma. Fox news correspondent Jacqui Heinrich live in the newsroom with the latest. Reporter connell that number is more than double what it was 10 years ago. The burden of that huge amount of debt is being shouldered by 44 million americans. A new report trying to break down exactly who is suffering the most. Financial product comparison website lend edu, compared costs to 1000 colleges. Students in the northeast shoulder the greatest burden with connecticut topping the list. On average a diploma will leave you 38,000 in debt. Other dates with most indebted grads, new jersey, rhode island, pennsylvania, delaware, on average 34,000 in debt. Analysts say the northeast average is higher because of all the private schools there. When students are borrowing they need to think critically what the debt will cost them, when they graduate, what their Monthly Payment will be. How much they will be earning. So that they can think critically and i afford my Monthly Payment when i graduate, but then for 10 years after that . Reporter more than half the total Student Loan Debt was racked up in the last 10 years. In 2009, student borrowers owed more than 700 billion to banks. Today that number is 1. 6 trillion with a t. Pew Research Center says 1 3 of young graduates with batch lowers degrees, saying cost is not worth the benefit. That is trigger point for the 2020 election. Gen z making up 37 of the electorate. They are trying to reach those folks, knew and recent grads struggling with debt. At 33 he has a bachelors degree and two masters degrees, 158,000 in debt. Just cost him a house. The bank rejected him because of his loans. Take a listen. I think it is very crucial to education for kids that are going into college, does this degree, is it going to give you a return on your investment . Because education is supposed to do that. Mine did not. Reporter democrats have varying plans. Joe biden has a Loan Forgiveness Program based on income. Senator sanders wants to wipe it all away, offer free college on top of it. President trump has the 10 point prann to reform the Higher Education act which would limit loan borrowing, would simplify repayment. Connell that is something. Three degrees and 58,000 in debt. Ben stein, the outside mortgage debt the biggest weights in the u. S. , what do you think of proposed solutions . I have seen corporations step in, offer to help pay for some of their employees. That is obviously casebycase basis. I have seen other suggestions where the timetable for debt be extended. What are your thoughts . My thought is that we do not want to have a situation where the ordinary taxpayer making a gift to the ordinary College Student, so the ordinary College Student can get high every weekend, pretend he is studying, doing something useful. People borrow money to get college education, graduate degree education to raise their earnings. That is a bonus from the taxpayers of the United States. It should be paid back. It should not be a gift. This is, what is going on with the democrat candidate is an attempt to buy votes of these Young Students by saying well forgive your indebtedness, let you go on the merry way as if you were doing something incredibly useful by getting this education. Some people are. We have some people who are engineers and in the exact sciences, critical sciences, too many people are sociologists or psychologists or art history majors, getting giant amounts of Student Loans from the government. We do not want to wipe away their indebtedness, from people working with their hands, people on farms have to find themselves broke deirdre loan forgiveness, most people probably agree with you on, i will say the price of education, adjusted for he had inflation has gone up 130 . It is insane. It is insane. It is insane. It is insane. Deirdre what about families feel trapped, working, middle class family, if i dont send my kid to get a bachelors degree somewhere, that person never has a chance . Those people should go to state universities or state junior colleges or community colleges. Then seeing how they do, whether or not in fact they need that further education. Look, its a fact of life that plumbers in many parts of the country earn more than lawyers. We have a great shortage of plumbers about. We dont have a great shortage of lawyers. Maybe we are just getting people with too much education and education is not following the money. The education is following a pattern of letting students live it up. I mean, i been a college teacher. I have seen lives of College Students. The lives they lead are extreme luxury. Not all of them but a lot of them. I dont like the idea american taxi driver, steelworker, subsidizing life of luxury for College Students. Deirdre if its a party, hard to pay for that for kids actually working. But hard to have a policy, to your point, ben that addresses that. Ben, thanks as always. To see you. God bless you. Thanks for having me. Connell Hurricane Dorian expected to barrel into florida, impacting flights around the entire country. Were live at one of the countrys busiest airports what we can expect heading into this holiday weekend. A Money Market Fund when you open a new account. 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Monday. No more lights because of hurricane dorgan. Was only a matter of time weve been reading for information for major airports like orlando and we just got back from them. We are still waiting for tampa and miami airports. Today was interestingly enough a pretty good day to go to from florida to ohare. We talked to some passengers going down there from chicago to help family get ready for the storm and People Living here who are leaving for vacation, they were hoping for a relaxing getaway may not now be so relaxing. The original plan was to go to the polls and beaches but now we hear about the hurricane and im nervous. My biggest fear is driving and having a hurricane hit me. We are planning to go to key west but i dont know how we will do that now. They decided to stick to their travel plans but all the Major Airlines right now are waiving fees for cancellations. You just have to make the call and fail be happy to accommodate. We will start seeing the domino effect and thats what disrupts the entire system when a master storm like this sets in. Hurricane reporting, Hurricane Hunter completed a mission to Hurricane Dorian. Crazy work. Quick note, if you get a chance, title special will be over here. Sunday 9 00 p. M. Premier. A lot of work went into it. You are looking at live shots of the white house, trump is leaving this hour for cap david after canceled a planned trip to poland. He will monitor Hurricane Dorian thats now gaining strength on its way to florida and making sure federal resources are going precisely where they are needed if the president makes any comments in his departure, we will bring that to you. Lets get to our top story, Hurricane Dorian is now a category three storm. Its official. Forecasted to become an extremely dangerous