The businesses that have already hired them. Team trump drops daca in the lap of congress, ending protection for 800,000 Illegal Immigrants brought here as children. Former virginia senator and governor george allen on the business fallout and whether congress will step up to deal with daca. Plus, former South Carolina governor jim hodges has faced down hurricane hugo back in the day. Should aid packages be tied to the debt ceiling passage . And what if you lost your entire house to a disaster . As Harvey Victims try to rebuild their lives, many may be tempted to or actually have already raided their nest egg, their 401 k . Should you lend yourself money from your 401 k in terrible times of trouble . A lot of people have said no in the past, but there may be another way. Todays markets reminding us of septembers horrible reputation as the worst performing month of the year for stocks, and wall street hasnt forgotten. Financials the biggest drag as the Dow Jones Industrials fall 226 points. Forget the frying pan, were already in the fire with less than an hour to the closing bell. Lets start the countdown. Liz well, so much for watching the sun slowly set on summer memories. Weve got a cold splash of water on our faces, but were going to get you through it. Welcome back, everybody, from the long holiday weekend. Lets get to work. We are looking at a sea of red on wall street with the dow down more than 1 , the s p 500 at its worst point today was down 30 points, were now down 20. Obviously, on track to snap a sixday win streak. And we got wind of this one last week, its not helping the markets though. It is no longer a rumor. United technologies swallowing a big one, the maker of pratt and whitney aircraft engines announcing it will buy Rockwell Collins for 23 billion or about 140 per share. This was widely telegraphed. Rockwell collins getting only a slight bump here. Its at 130. 99, so maybe that 18 premium of 140 a share is actually generous enough, who knows . But that was a stock that was 75 per share over the past 52 weeks. Look at United Technologies though, its down 5 . Investors apparently are worrying that such a big acquisition uses up cash that might have been spent in buying back utx shares. You know that Financial Engineering . Anyway, you know, investors like that because it gives the stocks a bump. But for now, this is a merger that appears to be to going through. What about the customers . Well, the customer of both, which is boeing, ringing alarm bells saying it is skeptical the deal would add value to boeings customers. Right now down about 1 . And one of the most distinct voices of new york is off the market. Media giant trunk has acquired the new york daily news, adding the tabloid to its portfolio that already includes Chicago Tribune and the l. A. Times. Trunk paid 1 in cash plus the liabilities of which there are many. This was a nearly 100yearold newspaper, the daily news, it used to be run by mort zuckerman, and now tronc will have it. At one point, it was the most widelyread newspaper in all of new york. Let us get to a very pressing issue here, Hurricane Irma. Throw in Hurricane Harvey, daca, the budget battle, tax reform, all of this dominating the beltway and the chessboard that is washington, d. C. At this hour. But theres one red light flashing way more harshly than anything else at this hour. Traders and investors are telling us here at fox business the threat of nuclear war with north korea is one that stocks just cant shock. The nasdaq down 66 points for its part. Want to get to adam shapiro at the white house. Adam, the president and the socalled big six are about to talk tax reform less than an hour from now, but President Trump more so than any other commander in chief before him has been very focused on the stock market. Whats the administration saying perhaps at very moment as they watch this north koreafueled 200point swoon . Reporter well, we heard nikki haley at the u. N. Saying yesterday at least we should exhaust all possible diplomatic measures, but that might be in play. And then youve got the phone calls that President Trump has been making to World Leaders including Angela Merkel and then earlier, a few days ago, to shinzo abe in japan. But north koreas just one of the issues that, as you point out, investors are worried about. Theyre also worried that all of this could stall tax reform. This issue regarding not only north korea, but also the fact that the debt ceiling fight will no longer be tied with Hurricane Harvey relief. Were going to get a vote on the first phase of Something Like 7. 8 billion for harvey relief. It will not include a measure to raise the debt ceiling. And then, of course, there is daca and whats going to to happen with all of that. Now, we heard from Sarah Sanders earlier today, she is the press secretary, who said, look, it is congress job to legislate, and thats what the president is asking for. Its not the president s job to create law. Its not its congress job to create legislation. I think thats something we all learned in eighth grade civics. I know i certainly did, and i think every member of congress should know that is their duty, and were asking them to fulfill it. Its pretty simple. [inaudible] i think the American People elected them to do it. And, again, if they cant, they should get out of the way and let somebody else take their job that can actually get something done. Reporter but the administrations delay, whatever you wish to call it, cannes alation of daca in six months, is gaining protests. And president obama issued a statement in which he said, and this is a quote for years while i was president i asked congress to send me such a bill. That bill never came, and because it made no sense to expel talented, driven, patriotic young people from the only country they know solely because of the actions of their parents, my administration acted to lift the shadow of deportation from these young people so that they could continue to contribute to our communities and our country. Liz, youve without to keep your eye on everything every second, because two things are about to happen. Youre going to have a press conference with dick durbin out of illinois, a democrat, and Lindsey Graham from South Carolina, the southerner, the republican. Theyre going to be talking about, perhaps, a bipartisan effort to finally do some kind of Immigration Reform and address daca. And and at 4 00, the big six talking tax reform. Dont forget, you have everyone saying tax reform this year except one key person, mitch mcconnell, who says this congress. This Congress Ends in 2018, not 017. Liz . Liz adam, i know. Well, stick your head into the oval office and find out what theyre talking about [laughter] there are a lot of things on the plate. Adam shapiro, thank you so much. Not just politicians, but american ceos coming out fast and furiously against President Trumps decision to end the deferred action for childhood arrival program. Daca. But these ceos sound a lot like the president. Look at what Facebook Ceo Mark Zuckerberg posted on his page. Quote its time for congress to act to pass bipartisan dream act or another legislative solution that gives dreamers a pathway to citizenship. You know, quite frankly, President Trump has simply said, congress, do your job regarding daca. Get something done. Well, zuckerberg joins apples ceo tim cook who, by the way, employs 250 or so dreamers who came here as children. Billionaire Warren Buffett and a host, were talking more than 200 ceos that have come out against scrapping daca. Lets bring in two men who have had years of experience dealing with all of these issues. Republican senator, former governor, george allen of virginia and former democratic governor of South Carolina jim hodges. Senator allen, i would like to start with you first. Do you get a sense that congress will step up and deal with this dreamers legislation because its got to be dealt with . Isnt there something they can do, and do you knowing all thats on their plates that adam just outlined can they get that done too . Yes. If theres a will, theres a way. Liz, and i know everyones heard from people all across the country who are really disappointed in congress failure to act on replacing obamacare. And, yeah, theres a lot of things they need to get done, but this has to get done. In fact, its not just these socalled daca immigrants, the raise act is a good idea to make sure our immigration policies are those that are policies that are in the best interests of the citizens of the united states. Kates law to protect us from violent Illegal Immigrants. I think building a border wall, securing the border is important as well. Everifys important. Sanctuary cities dont help our safety. But on this particular one, i think the president is bound by the law and the constitution. Its not just the president saying this, these are the federal courts. The u. S. Circuit courts have said liz welsh how about this law, the president is not a dictator. We are a representative democracy. Liz theyve got to do something. People are elected to congress to act, and they need to get off their haunches and act, its all of these things liz ive got this breaking news, senator Lindsey Graham and senator dick durbin are meeting right now working on getting a dream act passed this very month, which brings me to you, governor hodges. What does it mean when youre look at employees of companies who came here many, many years ago and theyve been living here, they only speak english, and theyre here and theyre contributing . Well, liz, now you understand why the president did what he did, president obama. It means a lot. I mean, thats why you have people like Warren Buffett and tim cook speaking out. Not only is it disruptive to families, its disruptive to people who are in military services, to businesses, to american families. I think president has, certainly, Everyone Wants congress to act, but the president s put himself in a difficult situation if congress doesnt act. We really need to try to address this problem, and i think everyone president obama particularly was frustrated by the failure of congress to act. Liz well, and also everybodys frustrated, but then the attention turns to things like the debt package, the debt ceiling that is looming right now, not to mention that steven mnuchin, the treasury secretary, has said we need to tie an aid package of more than 7 billion to raising the debt ceiling for the hurricane Harvey Victims. And now we have Hurricane Irma. Governor hodges, i know that you went through hurricane hugo, i believe it was. Do you know next week is the 28th anniversary of hurricane hugo . Tying something to the debt ceiling like this became a problem with superstorm sandy. What would you say having gone through what at the time was one of the worst hurricanes ever . Well, i did. I lived through that as a young legislator and then later as a governor i dealt with hurricane floyd. So ive had plenty of experience with that. Heres what id say, i think getting a package passed as quickly as possible to reassure those residents who have been impacted by harvey and then who could be impacted by irma is incredibly important. If that takes tying it to debt ceiling, so be it. But whats most important is for us to reassure those american citizens who have been and might be impacted that help will be on the way. Liz youre the senator, governor allen, would you tie it if you were still there . Would you tie the aid package to the debt ceiling which is looming right now . The ideal would be is they pass a separate bill on that. And by the way, the Small Business administration is really helpful in these, in these situations after disasters. As governor hodges knows, in the event that they cant do it, put it together. They just need to get that done. I do think many times of crisis our country needs to come together. And its, whether its a disaster aid and for the gulf or whatever may happen out of irma, this whole issue, the fact that Lindsey Graham and dick durbin are talking, thats good. Marco rubio tried to do it. I would agree with governor hodges and something ive advocated, if somebody serves in our armed forces, they can earn citizenship for serving in our armed services. We need to get immigration laws that make sense liz gotcha. For americans, that we uphold the rule of law and dont reward illegal behavior. Liz 359 members of the u. S. Army are, apparently, dreamers. Well, if they serve honorably, why not have them be a citizensome. Liz makes sense. Yep. Liz governors george allen and jim hodge, good to see you. Thank you very much. Were watching the markets very closely, were down 245 points for the Dow Jones Industrials. Imagine this, and we were just talking about Hurricane Harvey. You work your whole life to buy a house and then disaster strikes. Forget hurricanes, any disaster. With the closing bell ringing in 47 minutes, thats what devastated homeowners struggle to figure out, how do you pay for it all when cash is low . Is tapping into your retirement nest egg the right or totally wrong way to go . We have some expert advice. Seriously, its not the usual boilerplate stuff youve heard before. Stay with me. And september one of the worst months of the year for stocks. Always, year after year. And with kim jong uns Nuclear Threats and Hurricane Harvey and irma causing death and destruction already, will 2017 be any different . Traders on the floor of the New York Stock Exchange are getting in front of the cameras right now on what they see for your money and your portfolio next on countdown. Dont go away. Poor mouth breather. Allergies . Stuffy nose . Cant sleep . Take that. A breathe right nasal strip instantly opens your nose up to 38 more than allergy medicine alone. Shut your mouth and say goodnight, mouthbreathers. Breathe right. Tap one little bumper and up go your rates. What good is having insurance if you get punished for using it . For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Liberty mutual insurance. Liz you know, you talk to a lot of people who say it used to be slow during the summer. Well, not at all. And even though summer is unofficially over at the moment, we have a manmade earthquake magnitude 6. 3 grabbing the headlines in this form. From the new york times, u. S. Usuals fuel cutoff for north korea saying its begging for war because, yes, it set off the largestever nuke with, quote, perfect success. The cause of that earthquake. The wall street journal has one, returning lawmakers supposed to, by the way, folks, hit puerto rico by tomorrow evening. Which one of these factors matters the most to your money. How do you invest through all of this. Lets get to traders at the New York Stock Exchange and the cme group. To you, scott redler. I would look and see and i would say a big portion of it, but the three headlines you just showed is really like a formula or con south concoctiony were getting a risk offed today. Traders pull back a little bit. And now that everyones home from the summer, we want to figure out what type of composure were going to have. If you remember last week, we had a nice rally off those north korea headlines into what was almost the highs of the year. So at the i think traders did pull back because we were a bit overbought, and now were trying the figure out what means more. Was last weeks rally a fluke or is today, you know, just a day in the life to buy the dip. I think today you have the s p cash at 2446, thats your new point of reference. Traders might try and be long versus that, but if we close below that in the next day or so, were back to the lower edge of the rake. Liz were at 2455 right now for the s p 500. Chris, september is typically the worst or at least one of the worst months for stocks year after year. We dont have such great start, certainly, right now but we also had the federal reserve, really a voice that a lot of people in that world listen so, shes very worried that we have low inflation. That got swamped by all this other news. Plus, we have huge debt problems here. The debt ceiling, september 29th, thats it, we hit it. Weve already hit it, for all intents and purposes. Not to mention that Hurricane Irma is bearing down on us right now. In the wake of Hurricane Harvey. So which one do you look at and say that has the most power to deal with the portfolio or hurt it, and what do investors do . I think id watch the yield in the tenyear. That is a real key. If we break below 22 , you could have something. You saw that today. If you look at the rally in the bond future cans which trade right behind me, and further behind me, thats the s p pit and the dow pit. Im surprised how well, actually, the stocks held up today, only moving about 1 . Of course, theres three or four days left to go in the week, but thats the number one thing id be worried about if i was a longerterm investor, whats going to happen with the tenyear. Thats number one. The second thing is the u. S. Dollar. If the u. S. Dollar was to continue to go lower, that actually might help our exports and stuff moving down the line. Its had a pretty big selloff here since the january highs