i don t think it s smart, no. neil: thanks, senator. thanks. neil: has i said, stocks were up today. if they were worried about mr. cohen going to jail, if they were worried about the prospects that britain is unraveling on this trade thing with europe and whether they want to be part of europe, if they were worried about that, they had a funny way of showing it. let s go to susan li and market watchers scott martin and gary b. smith. they focused on the positive and ignored the more worrisome. what do you through? i agree. i call this a trade optimism fueled rally. the two overhangs have been the u.s. china trade war and the federal reserve hiking interest rates next year. the markets may see one, maybe none in terms of interest rate hikes next year. this rhetoric tempers the expectation of heightened trade tensions. scott, what do you through?
follow closely. we have melissa with us, charlie. melissa, that s a remindfer we needed it that resolving this trade thing will be a very, very big thing for wall street, isn t it? it s going to be huge. the market is built in possibly that this could carry into 2019. for example, let s say it works out in november. i think the markets will like that. they expect it won t be resolved this year. if it is, the market will have a big rally into the close of 2018, which the market needs. we ve sidelined most of the year, held the up trends. today we tried the hold the gained and couldn t do it because apple bombed last night. neil: having said that, gary, is it your view that the market is over the worst after it was an awful month of october, a rebound this week, but very
congress is not in session. when congress is back from in session after the midterms. they have republicans on the far right who say you have to pay for it and there won t be the votes and the democrats won t vote for it it s not coming. is he going to say it because of politics and it s not happening. five seconds is left. here comes your world with neil cavuto. have a great afternoon. neil: thank you, shepard. we expect to hear the president of the united states as that tape makes its way to us. corner of wall and broad on a crazy day here where we had stocks down 550 points. losses 126 points. a lot of the people saying melt down might have been a washing out process. way too early to say that the fact of the matter is there was a lot of concern built into the latest earning reports, still by and large coming in a lot better than expected that this trade thing is beginning to pinch. caterpillar the latest company to say you know what? the higher materials cost
court but ignore what used to be the shiny object in front of them to the detriment of everyone else. greg: good point. that s right that s the real lesson. it s a lesson in the media because there was no way the media would pay attention to the trade thing and the nafta is a huge victory for him. he went to the news conference and was rude back to the press. the press play this up. i thought all week. they said look at what the real thing and he made the press talk about trade but the in and played his tree talk which they never would have done. he played them at their own game once again. [cheering and applause] greg: coming up, they cried, screamed and chanted. we discussed the protesters
ignore and make it a better court but ignore what used to be the shiny object in front of them to the detriment of everyone else. greg: good point. that s right that s the real lesson. it s a lesson in the media because there was no way the media would pay attention to the trade thing and the nafta is a huge victory for him. he went to the news conference and was rude back to the press. the press play this up. i thought all week. they said look at what the real thing and he made the press talk about trade but the in and played his tree talk which they never would have done. he played them at their own game once again. [cheering and applause] greg: coming up, they cried, screamed and chanted. we discussed the protesters next. [cheering and applause] (whispers) with the capital one venture card.