This can be a rush transcript of “Your World with Neil Cavuto” on September 10, 2021. This copy will not be in its ultimate type and could also be up to date.

NEIL CAVUTO, FOX NEWS ANCHOR:  The closing bell on the New York Inventory Change being rung by first responders, together with the New York police commissioner, Dermot Shea, this a really totally different day than the buying and selling day that they’d six days after 9/11, when it was a who’s-who of bipartisan political gamers and the remainder of that have been attempting to come back collectively after the markets had been closed.

Right now celebrating not solely their eventual reopening and the comeback, however what had been a reminder of that, whereas New York and the monetary capital was hit laborious, it has come storming again, a testomony to capitalism, and this nation, and our resolve. 

Welcome, all people. I am Neil Cavuto. And that is “Your World.”

You realize, 20 years in the past immediately, properly, it was a Monday. And that day, the final day of innocence, as some have known as it, would under no circumstances trace of the trauma and the nightmare that might come and alter America perpetually. However when it hit, it hit badly. And for the monetary neighborhood, it hit badly as properly, not solely when it comes to monetary capital, however human capital. 

A whole lot within the funding neighborhood died that day, greater than 650 people that one agency, Cantor Fitzgerald, alone. There have been many others, the loss of life of firefighters and first responders that went into the a whole bunch, and rising questions as as to whether New York may or would ever come again. 

My subsequent visitor remembers it. 

Ted Weisberg joins us proper now, Seaport Securities. He is been via many crises. 

The place have been you that day, Ted? 

TED WEISBERG, PRESIDENT, SEAPORT SECURITIES CORPORATION:  Effectively, the day began out, I — really the reverse of the place I’m immediately. I used to be on the telephone in my workplace, 60 Broad Road, thirty first ground, stunning, stunning, crystal-clear New York days, looking over the harbor.

We could not see the World Commerce Middle from our workplace, however we’ve a panoramic view of Decrease Manhattan. And I used to be on the telephone speaking with an excellent buddy and shopper in Bermuda. And, as we converse immediately, Neil, I am distant in Bermuda speaking to you in New York. And it is precisely 20 years later, just a bit later within the afternoon. 

And he stated to me, a airplane simply hit the World Commerce Middle. And I stated, you are kidding? He stated, no, no, I am not kidding. After which the horror started to unfold. I received off the telephone, I went down the elevator to go to the inventory alternate, the place I had been going day-after-day most likely for 40-some-odd years previous to that day. 

And I by no means received contained in the constructing. After I hit the road, it was full (AUDIO GAP) mud within the air. I name the workplace upstairs and stated, all people, get out. We are going to meet on the road, on Broad Road in entrance of the alternate.

I known as the alternate. And a few of our individuals did not need to depart, and a few did. And those who did, all of us met on the road. And whereas we have been standing on the market, I do not understand how lengthy we have been there, however we have been there for definitely an excellent 20, half-hour, each towers collapsed. 

You could not breathe. We have now all seen photos. It was like, I suppose for those who’re a skier, like a whiteout for those who’re snowboarding or driving within the mountains in a snowstorm. And also you could not breathe as a result of the mud was simply in your — getting in every single place. 

And, ultimately, our group determined we have to get out from beneath the mud cloud. And so we walked over to the (AUDIO GAP) river and, ultimately, three hours later walked all the best way uptown, no cell telephones as a result of they have been no towers, as a result of the towers had collapsed and a lot of the cell towers have been on prime of the World Commerce Middle. 

And you’d look behind you and all you noticed was smoke, piles of smoke going into the sky. And, ultimately, we received as much as the Higher East Facet. Some people bunked with one another.

However, at that time, the general public that have been with me all lived (AUDIO

GAP) Manhattan. After which we form of hunkered down till the morning of 9/17, the September of 17, when the inventory alternate reopened and there we have been at 9:30 good to go. It was very emotional, very unhappy. 

CAVUTO:  Sure, that was — sure, that was a loopy day.

Ted, we’re having some audio issues with you. And I apologize, my buddy, however Ted Weisberg following all of that.

And he was referring to the markets ultimately open — opening once more. That was about six days later. They careened. We had the quickest descent right into a bear market then. However Wall Road did come again. 

However there have been plenty of losses there. I am not speaking monetary losses. All of the funding heavyweights of the world actually have been centered within the monetary neighborhood that was downtown New York, together with Keefe, Bruyette & Woods. 

John Duffy headed that agency on the time. And he misplaced his son in that calamity. 

Let’s return. 

(BEGIN VIDEO CLIP) 

CAVUTO:  You had no communication with Christopher that day, however one in all your different sons going to high school in Vermont did. And that was after the second airplane had already hit the tower. 

JOHN DUFFY, FORMER CEO, KEEFE, BRUYETTE & WOODS:  That is right.

CAVUTO:  And he was, I consider trapped, in a stairway or– 

DUFFY:  Christopher was on the buying and selling desk at KBW. And I did name the workplace after the primary airplane had hit the North Tower and had spoken with one in all my assistants.

Folks within the South Tower at that time have been effective. They weren’t certain what had occurred in North Tower, even at that time limit. This was 5 to

10 minutes after the primary airplane had struck. 

After I tried to name Christopher later, cellphone service was out. And that was after the second airplane had hit. There have been a bunch of them, a bunch of staff from the buying and selling desk, that have been attempting to entry the totally different stairwells to search out an exit route, however have been unable to.

So, Kevin was really the final one that spoke to Christopher. 

(END VIDEO CLIP)

CAVUTO:  So, after we speak about Wall Road, we at all times speak concerning the cash and all that, however these have been private occasions, CEOs, entire complete funding corporations primarily gone in a second, as I stated, 658 at Cantor Fitzgerald alone.

Keefe, Bruyette, as have been declaring, had misplaced a few third of its work pressure. Not solely have been individuals questioning whether or not the agency may survive, however whether or not they personally may transfer on after such big private losses. 

However Keefe, Bruyette is doing simply effective, thanks.

Its CEO joins us proper now, Tom Michaud. We should always level out that Keefe, Bruyette is now part of the A Stifel Firm monetary empire. 

Tom, it is superb to have you ever, and remembering and looking out again at that day and what your agency misplaced. However it got here again. You guys got here again. 

And I perceive plenty of it needed to do with the truth that corporations began serving to one another get again on their ft, proper? 

TOM MICHAUD, CEO, KEEFE, BRUYETTE & WOODS:  It was unimaginable. 

There — the quantity of goodwill and unity that existed at our firm and round Wall Road and across the nation was actually a part of the gas that helped us go about and rebuild. And after this occurred — and I noticed the tape that you simply simply performed with John.

John, myself and others, we sat down and we stated, look, we will do two issues. We’ll, primary, do every little thing we are able to to assist the victims and their households. And quantity two is we will go about rebuilding the agency. That method, we will do extra to assist the households, and since we won’t let the agency finish that method.

We’re not going to let the agency run by terrorists flying planes into our buildings. And, in some ways, it was virtually therapeutic to have the ability to exit and to rebuild. And that was the power afterwards. 

However that was the sensation after these first couple of weeks and the gas that prompted us to maneuver ahead. 

CAVUTO:  Sure, as a result of everybody talks about personnel and cash misplaced and exchanges that have been silenced for upwards of per week. And I get that. 

However, for you, it was private. Actually, on the time, for John, shedding his son, it was private, a 3rd of your agency gone. The concept of by some means getting again, overlook the monetary losses, the human losses, and a few of our greatest monetary minds of that point have been all gone. 

Did you ever wonder if at the least the best way capitalism was recognized within the U.S. at the moment would come again?

MICHAUD:  I used to be a believer in that regards. 

And we simply had an entire sequence of targets in entrance of us. And I maintain saying it was like pushing an enormous rock up the hill. However behind me proper now could be a flag that one in all our survivors’ spouse painted for us shortly after 9/11 with all of the names of those that handed away on 9/11. 

And it was the power of rebuilding the agency, as a result of it simply felt to us prefer it was the correct factor to do. And, like I stated earlier, that was the gas. 

However I received to let you know, Neil, one thing now I feel is attention-grabbing on the twentieth anniversary, as a result of whereas we at all times honor the victims, I feel it is necessary that we bear in mind what it took for the nation to rebuild, as a result of I — over 1 / 4 of the nation immediately might be too younger to recollect the occasions reside. 

And I am anxious that 9/11 might develop into simply a few paragraphs in a historical past e book. In the meantime, you must take into consideration that goodwill, the unity and the resilience that was in our nation. 

And in order that’s why I am unsure for those who’re conscious, however I am a member of a group known as 9/11 Day. And we satisfied President Bush to start out and President Obama to signal a proclamation making 9/11 a nationwide day of service and remembrance. 

And so we’ve been encouraging People to not let the final chapter that will get written by the terrorists on what occurred that day, however, as an alternative, what will we do with it? And so we’re encouraging a day of service to recollect those that misplaced their lives and the hassle that went into rebuilding. 

And I used to be assured that the American system would survive. I do not assume I used to be ever anxious about that. I used to be anxious about New York Metropolis. 

CAVUTO:  Proper. Proper. 

MICHAUD:  However New York Metropolis did come again.

And I did marvel, Neil, if I used to be ever going to come back again to New York as I used to be — I had been on the sidewalk and noticed the assaults and the 2 planes hit the buildings. And as I used to be strolling north in direction of Midtown, and after the buildings collapsed, I did marvel if I would ever even come again to New York once more. 

However rebuilding was really therapeutic for us. And it felt prefer it was the correct factor to do. 

CAVUTO:  Effectively, I am glad you probably did, not solely come again to New York, however simply being a key a part of the rebuilding. 

Tom Michaud, thanks very a lot. Excellent seeing you. 

MICHAUD:  Thanks, Neil. 

CAVUTO:  The questions is at all times requested, may it occur once more?

I had an opportunity to meet up with Governor Tom Kean of New Jersey, the previous governor of New Jersey. He was the co-chair of the 9/11 Fee. And he raised with me to presumably, with every little thing happening now, sure, it may. 

Have a look. 

(BEGIN VIDEO CLIP)

CAVUTO:  The notion that it may occur once more, do you assume it may? 

THOMAS KEAN, FORMER CO-CHAIRMAN, 9/11 COMMISSION:  Effectively, we all know what’s occurred in Afghanistan. And I fear which are there once more going to be locations, ungoverned locations in Afghanistan the place individuals can plot in opposition to the homeland? 

And, in the event that they do, although, sadly, we received to return in, as a result of we can not let anyone have the time they’d final time to plan that assault. 

(END VIDEO CLIP)

CAVUTO:  To Rob O’Neill, the retired Navy SEAL who shot of Usama bin Laden.

Rob, what do you consider that? There is a man who did all of the investigations about what led as much as 9/11 fearful, involved that it may occur once more, particularly in mild of those developments in Afghanistan. 

What do you assume? 

ROB O’NEILL, FORMER U.S. NAVY SEAL:  Good to be with you, Neil. thanks once more. 

Sure, I feel he is proper. The problem proper right here is, the Taliban, Al Qaeda, ISIS, the Haqqani Community, they’re true believers of their trigger. They actually consider, in the event that they martyr themselves or kill infidels, they’ll go to paradise. It is like — it is a easy reward that they really need. 

And what they see this now, our retreat from Afghanistan, is a win for his or her God. Allah gave them this victory. In order that I feel will empower plenty of the sleeper cells. Folks in New York Metropolis, Saint Louis, London, France, they’ll see a win like this. And that is not going to cease them from getting an enormous truck and operating individuals over or grabbing scissors or a knife and attempting to proceed the jihad as a result of God needs them to win. 

And that is the unhappy fact, the best way it really works. So I am involved about that. 

Really need individuals to be visible and maintain your head on a swivel, as a result of simply since you do not assume you are at battle doesn’t suggest somebody’s not at battle with you. 

CAVUTO:  Do you ever fear, Rob — and one of many issues that I raised with the governor, because the co-chair of the fee, was the dearth of communication and sharing data with intelligence brokers within the CIA and FBI. 

He says plenty of that has been addressed because the fee report. However we nonetheless usually see issues slip via the cracks. Does that fear you that we’d not be prepared for one thing as a result of companies aren’t on the identical web page? 

O’NEILL:  I do not assume it is as dangerous because it was earlier than 9/11. 

However there are nonetheless individuals on the market that merely need to get promoted for their very own good, so they will not let individuals share their pie. And that is one of many issues. Now, do not get me fallacious. They’re fantastic women and men in federal legislation enforcement and intelligence companies which are sharing it.

However there’s additionally the problem of individuals not telling their bosses the reality, as a result of, in the event that they make them mad — we see it within the navy on a regular basis — in the event that they make their boss mad, they may not get promoted. If they seem to be a normal, they do not need to make the politicians mad as a result of they could lose their job that they get at a contractor, a contracting agency after they get out of the Navy. 

So some individuals, I am involved, have gotten rid of the higher good for private energy. That is what issues me too, is lots of people aren’t telling one another the reality, as a result of plenty of instances the reality can get you fired. And we see it in every little thing from Twitter to getting banned to individuals shedding their jobs as a result of they stated one thing to offend somebody who’s woke. 

CAVUTO:  Rob O’Neill, thanks very a lot, as a minimum, for taking out Usama bin Laden, and also you and a few of your courageous colleagues who did that. 

Why the questions nonetheless stay whether or not that might proceed to be galvanized now in a brand new Afghanistan, one thing we have been simply beginning to discover 20 years in the past. 

(BEGIN VIDEO CLIP)

CAVUTO:  The usRoosevelt is already en route, vacation spot unknown. 

As you indicated, John, that is appropriately. We’re not going to start out gifting away any navy secrets and techniques, even when we did know them. However the Roosevelt is now leaving port right here. It is going to take about 10 to 12 minutes to go away port, once more, vacation spot unknown.

We can be following this very intently for you, as America’s response to the terrorist actions on this nation eight days in the past begins really feel its full measure now. 

(END VIDEO CLIP)

(COMMERCIAL BREAK) 

CAVUTO:  Extra of this vaccination factor:  I will pressure the problem.

That response to all of that immediately on the White Home. 

Peter Doocy is there.

Hey, Peter.

PETER DOOCY, FOX NEWS WHITE HOUSE CORRESPONDENT:  And Neil, the president is beginning to slender down or at the least be extra clear with the American individuals about which People he’s upset about with regard to the pandemic.

Yesterday, he simply vaguely talked a few small minority of People and a small minority of elected leaders that he thought weren’t permitting the U.S. to get previous the place we’re within the Delta variant. Right now, he got here clear. 

He stated it is Republican governors. 

And one of many — and a few of these Republican lawmakers right here in Washington, D.C., assume that’s the fallacious tone. 

(BEGIN VIDEO CLIP)

SEN. TOM COTTON (R-AR): Scolding and condescending to People, dripping with scorn that by some means that is their fault that they’ve been contaminated with a virus, they don’t seem to be going to influence individuals to get extra vaccine. 

Look, the vaccines the Trump administration — are very secure and efficient. 

(END VIDEO CLIP)

DOOCY:  So, on the coronary heart of this six-point presidential plan to require vaccines for tens of millions of American employees and college students is a brand new rule that’s being labored on by OSHA. 

However the administration, regardless of coming ahead with their intentions, cannot inform us how lengthy it is going to take for that rule to be written. They can not inform us whether or not or not it is going to be prepared earlier than the Delta spike is completed. 

They usually’re additionally now revealing that there’s a very large loophole on this six-point plan. I requested Jen Psaki a couple of minutes in the past why it’s that there’s a new vaccine mandate for employees, however not for individuals strolling throughout the border. 

(BEGIN VIDEO CLIP)

JEN PSAKI, WHITE HOUSE PRESS SECRETARY:  Actually, we would like all people to get vaccinated. And extra individuals are vaccinated, whether or not they’re migrants are whether or not they’re employees, protects extra individuals in america. 

DOOCY:  However it’s a requirement for individuals at a enterprise with greater than 100 individuals, and it is not a requirement for migrants on the Southern border. 

Why? 

PSAKI:  That is right. 

(END VIDEO CLIP)

DOOCY:  That is right. 

The president pitched his plan at a center faculty earlier immediately. We count on to see him head as much as New York for tomorrow’s commemoration of 9/11 at Floor Zero in a while this night — Neil. 

CAVUTO:  All proper, Peter, thanks very a lot for that, Peter Doocy.

A whole lot of corporations already doing this, and mandates are already absolutely in impact for lots of corporations which are saying no jab, no job. 

Grady Trimble in Chicago with extra on that aspect of this. 

Hey, Grady. 

GRADY TRIMBLE, FOX NEWS CORRESPONDENT:  Hey, Neil.

The Enterprise Roundtable, which represents a few of the largest corporations on this planet, says it helps the president’s plan. However most of the corporations whose CEOs are members of the Roundtable did not have already got vaccine mandates in place, however that might quickly change. 

American Airways’ CEO, for one, despatched a letter to staff after the announcement got here via yesterday, saying: “We’re reviewing the chief order and are awaiting extra particulars. However based mostly on what we see up to now, it seems we can be impacted by these federally mandated efforts to extend vaccination charges.”

Lots of the different corporations we reached out to had one thing just like say, however none has modified its coverage simply but. A number of labor unions are additionally chiming in. They need a say in how the mandates are applied. 

A handful of corporations had already required staff to get vaccinated, United Airways, CVS, Kraft Heinz amongst them. United goes as far as to put employees who get a spiritual exemption on unpaid depart. 

The opposite aspect to that is how employees will reply. A latest ballot from ABC Information and The Washington Put up discovered that seven in 10 unvaccinated staff would probably stop their job if their employer required them to get vaccinated and did not permit for medical or spiritual exemption. 

So, if as many individuals who say they’d stop really do, there may very well be main fallout from that, Neil, and certain plenty of authorized challenges forward as properly. 

CAVUTO:  Oh, I can simply see the attorneys lining up. 

Grady, thanks very a lot.

Grady Trimble on all of that.

Effectively, he misplaced his brother within the 9/11 assaults, however for those who assume that was going to cease Frank Siller, assume once more. 

(BEGIN VIDEO CLIP) 

FRANK SILLER, CEO, TUNNEL TO TOWERS FOUNDATION:  Our first mission is to ensure we always remember what occurred 20 years in the past. 

(END VIDEO CLIP)

(COMMERCIAL BREAK) 

CAVUTO:  You realize Ken Feinberg is an enormous deal when Michael Keaton is enjoying him within the position of disbursing billions of {dollars} to victims of the 9/11 assaults. It wasn’t even-steven, and it was controversial. 

Ken Feinberg arising.

(COMMERCIAL BREAK) 

CAVUTO:  Did Frank Siller come to your city?

Effectively, he got here to thoughts and a whole bunch throughout the Northeast as he trekked higher than 537 miles to recollect his brother and to recollect what occurred that day, as a result of, you see, Frank’s brother, a New York Metropolis fireman, was killed in these assaults. 

Frank has began what has been an effective way to make some goodness come of this horror. And he’s very concerned, actually, now the muse CEO for the Tunnel to Towers Basis that has concerned this nice stroll that I had the pleasure of witnessing myself.

Frank, it is good to have you ever.

You completed. How did it go? 

SILLER:  It was unbelievable, Neil.

And it was so good to see you on the market. Swiftly, I am strolling. I feel it was Mendham, New Jersey.

CAVUTO:  Proper. Proper.

SILLER:  And I am strolling (AUDIO GAP) and there you might be greeting the good caravan that I had with us. And it was good to see you, your son, a volunteer firefighter. You have to be so proud. 

CAVUTO:  That is proper. I’m.

SILLER:  However I’ll let you know, I’ve been greeted — I am certain you might be, sir. 

And properly you need to be. 

I’ve been greeted by so many stunning People who love America, who get it. They are going to always remember what occurred 20 years in the past. However what could be very encouraging to me, that there was so many younger households which have greeted me alongside the best way. 

Morristown had an unbelievable parade the day after I noticed you. They — hundreds of individuals had come out. And it was raining too, by the best way. And we had an exquisite day. East–

CAVUTO:  No, they needed to see you, Frank. They needed to see you.

SILLER:  Hear–

CAVUTO:  And what? What I seen about — go forward. 

SILLER:  No, you go. 

CAVUTO:  OK. Positive.

What I seen about you that was so stunning is, you’d cease, and everybody needed to take an image with you, be with you, shake your had. 

You stopped. Nevertheless lengthy it took, you needed to be there, and on you walked once more.

And I stored saying, why do not you simply drive the 537 miles? However you stored strolling. And it was wonderful.

However — and a few of these photos show it, while you have been in my specific city. However I do know you might have repeated this throughout all of those locations you visited. And it touches individuals. 

What do they let you know? I would be curious, Frank, what do they need to hear? 

SILLER:  Effectively, it is — it was so uplifting, as a result of they have been saying thanks. 

And the explanation why I needed to do that, to start with, I needed to honor my brother. I imply, he is such a hero. He gave up his life on 9/11. He ran via the Brooklyn-Battery Tunnel along with his gear on his again to get there. 

He was a father of 5. He was only a stunning individual. 

And I needed to do one thing. In fact, I do know it is nothing in comparison with what he did. However I needed to do one thing to say, Stephen, we’re so happy with you as a household, and I am so happy with you as your brother. He is our little brother, and all of us look as much as him. 

However so many individuals say thanks for doing this, as a result of they do not need 9/11 to be — ever be forgotten. And I simply — as soon as once more, I am inspired by seeing so many younger individuals on the market.

However, additionally, the explanation why it is profitable, the muse’s profitable, as a result of we’re serving to the best of all People. And who they’re, those that are keen to die for you and I each single day, our women and men uniform and our first responders.

And we’re delivering them mortgage-free houses or sensible houses after they give their our bodies for our nation. And it has been 20 years of doing superb, joyful work for the best of all People.

CAVUTO:  You realize, you might have turned such horror into one thing that is achieved a lot good for therefore many.

And once I see these, I imply, it is powerful to observe a few of these commercials and nonetheless have a dry eye afterwards, while you speak about households who’ve misplaced every little thing or their cherished one is so incapacitated. And, there, you present at dwelling. You are taking out the mortgage, and that they’ve an opportunity, they’ve a shot in a brand new, very totally different life. 

What gave you that concept? 

SILLER:  Effectively, look, first — we constructed the primary sensible dwelling in 2011, delivered it by June 11, 2011. First quadruple amputee to ever survive any battle from Staten Island, identical place the place I used to be born, my brother Stephen was born and all my household, seven brothers and sisters. 

Then, in 2014, December 20, Liu and Ramos get assassinated. They’re anxious about their mortgage funds. We heard about that. We went — on Christmas Eve, I went, I sat down with these households, and I instructed them the Tunnel to Towers was going to repay their mortgage. 

We noticed the distinction that these sensible houses are making in these nice heroes’ lives. We noticed the distinction that these mortgage payoffs, to allow them to keep of their houses the place they have been having the desires with their households. They’ve sufficient happening. They simply misplaced their cherished one. After which Gold Star households final, definitely not least, what we’re doing for Gold Star households.

And we simply misplaced 13 grade service members over in Afghanistan. 

CAVUTO:  Proper. 

SILLER:  One among them is Lance McCollum.

And Lance Corporal left behind a spouse, and a pregnant spouse, who’s going to offer delivery any day. I’m speaking her tomorrow. She is aware of our intentions already as a result of I despatched a letter stating that the Tunnel to Towers — as a result of I did not need to name her up too quickly after her loss, as a result of she is pregnant, and let her know that we’re constructing a home.

However I am speaking to her tomorrow, on 9/11. You realize why? As a result of I need to do good on a day that was so evil 20 years in the past. Due to what my brother did, I will at all times make certain, my household’s at all times going to guarantee that good steps on evil each single time. And that is what I am doing tomorrow. 

CAVUTO:  You realize, Frank, you are a exceptional man. I feel you already know that. You honor your brother fantastically. 

However to go to this extent is wonderful, as a result of I’ve already instructed my brother, if one thing occurs, I would not — I’d do the identical for him. 

However you might be that a lot an exquisite human being. 

And I noticed it myself. I noticed it play out with individuals who needed only a second with you. And also you gave each single one in all them that point.

Frank, thanks very, very a lot. 

SILLER:  Please be part of us, t2t.org. Inform individuals to affix us. Cannot get it achieved except the goodness of America takes care of the greatness of America, $11 a month. 

Thanks. God bless you. And allow us to always remember. 

CAVUTO:  Frank, thanks very a lot. 

And it’s an incredible charity. And, people, the — you at all times hear about administrative prices and all this. That is acknowledged all over the world as some of the necessary and productive and cash-efficient charities on the planet. It will get to the place it is supposed to go, little question as a result of Frank might be calling the pictures. 

All proper, we’ve much more. Actually, remembering what was began on 9/11, that also goes on to at the present time. 

(BEGIN VIDEO CLIP)

CAVUTO:  Having come up right here and simply look what is going on on half-a-world away, it appears, in downtown New York. I can not let you know, John, simply the variety of instances I’ve been at each World Commerce Middle towers in my 20 years of masking enterprise information, speaking to essentially a few of the mightiest within the company neighborhood, and that neighborhood, in fact, gone now. 

(END VIDEO CLIP)

(COMMERCIAL BREAK)

CAVUTO:  You realize, virtually 3,000 individuals misplaced their lives on 9/11. You have got most likely heard the statistics repeatedly. However it may, once more, may have been a lot, a lot worse. 

Mike Curley is a survivor who escaped from the South Tower on the day of the assaults. And it was nothing wanting a miracle. 

Mike Curley joins us proper now. 

Mike, the way you doing? 

MIKE CURLEY, SEPTEMBER 11 ATTACK SURVIVOR:  I am doing effective. Thanks. How about you? 

CAVUTO:  Good. 

Inform us about that day, for those who can, Mike. 

CURLEY:  Effectively, I used to be educating for the New York Institute of Finance. I used to be on the seventeenth ground of the South Tower. 

And I received there early. And I received my espresso. And I began getting ready for the category and placing out my handouts. And a few quarter to 9:00, the North Tower received hit. And there was an amazing quantity of particles coming down, big quantities, the dimensions of a kitchen desk, and paper in all places, I imply, unbelievable quantities of paper. 

And I stored telling the individuals — I arrived early — avoid the home windows, and stuff like that, since you may see a few of the particles was fairly heavy. 

Then I made a decision one thing was fallacious, that it was time for me to go away anyhow. So I instructed the lady I used to be in command of the institute at the moment, I am leaving, and I feel it is best to evacuate the entire ground. So, she had a whistle. I suppose it was a whistle for fireplace and issues like that. 

And he or she began blowing the whistle. And he or she instructed all people to go down the ground. So, we went right down to the seventeenth ground.

CAVUTO:  However not everybody was evacuating, proper? 

You — your intestine was proper. However what have been you being instructed to do within the constructing or on the intercom system?

CURLEY:  We weren’t being instructed to do something at that individual level. 

CAVUTO:  Wow.

CURLEY:  We received right down to the — once I received right down to the foyer, then there was a Port Authority or police officer that stated it was secure to return up there.

However I made a decision that this was not a spot to be secure. So, I went out. And I used to be heading towards the E Practice and going via the varied shops and lobbies that was there. And a few detective grabbed me and he stated: “The place you going?”

And I stated: “I am taking the E Practice.” 

Effectively, instructed me that there was — there is not any trains operating. He says — so, I

stated: “Effectively, can I am going out on the Dey Road?”

He stated: “Go forward.”

So, once I went out to Dey Road, they’d — there was a cop on one aspect of the road and a cop on the opposite aspect. And he would sign to the cop to say let 5 individuals cross. And he would wait till the particles began to reduce. And we might run throughout the road. 

And we began going up. And it was at that time that the South Tower received hit. And I nonetheless do not forget that, and never that I noticed the airplane, however I noticed that large orange ball that all of us noticed so many instances on TV hit. 

CAVUTO:  Proper. 

CURLEY:  And now — and the quantity of glass that got here down — and it was glass that was on the buildings proper by me, I suppose, from the explosion. 

CAVUTO:  Proper. 

CURLEY:  And that is when lots of people received harm, or significantly the ladies, as a result of they took off their excessive heels so they might run somewhat sooner and since they have been operating on glass, after which they received their ft minimize.

CAVUTO:  Oh. 

CURLEY:  And nothing life-threatening, however they have been definitely in plenty of ache. They usually have been reaching to the opposite aspect.

CAVUTO:  That was a scary time. That was a scary time. 

CURLEY:  Oh, it was, because–

CAVUTO:  However you bought out, Mike. You bought out. And that is what counts. 

And now you possibly can reside to inform about it. I want we have been — we’re form of rushed for time right here, Mike, however I am so glad you are properly. You have been sensible to comply with your intestine and get others to comply with you as properly. They’re alive immediately in no brief measure due to your warning.

Mike Curley, thanks very, very a lot. 

After we step again, and we take a look at all of the lives misplaced, how would you wish to be in command of the Compensation Fund that might determine how a lot cash you get? And it is determined not essentially all even, however based mostly on who you have been and the way a lot you made. There was a system to it. And Ken Feinberg was the man accountable for delivering it. 

Actually, it received to be such a key second in human historical past that it’s now being performed out in a Michael Keaton film on Netflix by which he performs Ken Feinberg, and also you understand the story behind the story is much more fascinating. 

Ken Feinberg is subsequent. 

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

MICHAEL KEATON, ACTOR: And their households can be compensated based mostly on financial worth misplaced. 

UNIDENTIFIED ACTRESS: You are a lawyer.

KEATON:  And that is precisely what these individuals want proper now. 

(END VIDEO CLIP)

CAVUTO:  Effectively, you are an enormous deal when Michael Keaton is enjoying you in a very fashionable and broadly and critically acclaimed Netflix film. 

It is all concerning the story of Ken Feinberg, who was accountable for dealing with the multibillion-dollar Compensation Fund for victims of the 9/11 assaults. 

And I did not understand the backstory on this was as hazardous because it was.

Ken Feinberg with us proper now. 

Ken, good to see you. 

KENNETH FEINBERG, VICTIM COMPENSATION ATTORNEY:  Good to be right here once more, Neil. Thanks. 

CAVUTO:  I do know Michael Keaton was attempting to get your Massachusetts accent down, however I felt it wasn’t nearly as good as yours. So possibly that was simply my opinion. 

However it actually was a riveting film, Ken.

FEINBERG:  Oh, there may need been dramatic license additionally.

(CROSSTALK)

(LAUGHTER)

CAVUTO:  I feel so. possibly 

I did not understand — and possibly there was somewhat dramatic impact right here. However you had a hell of a activity in your arms. This cash was not going to be divided evenly, that you simply needed to acknowledge there have been some high-paid brokers and bankers and others in these buildings who weren’t going to get the identical compensation examine that, as an instance, a fireman would or a dishwasher would.

FEINBERG:  That is proper. 

CAVUTO:  That was fascinating, the way you arrived — how did you arrive at that? 

FEINBERG:  Effectively, to start with, Congress within the legislation creating the fund made it fairly clear–

CAVUTO:  Proper. 

FEINBERG:  — that I used to be to comply with, in precept, state legislation.

Each state within the nation has courts and juries that present extra compensation to stockbrokers or bankers than waiters or busboys. That is the American authorized system.

CAVUTO:  By no means on a degree like this. By no means on a degree like this, proper? 

FEINBERG:  No. No.

That was the issue, you see. When you might have 5,000 claims for loss of life and bodily damage, all people counts different individuals’s cash. And that could be a response that was virtually uniform. 

“Mr. Feinberg, you are giving me $3 million, however you are giving my next-door neighbor $4 million. What do you might have in opposition to my spouse? You did not even know her.”

And that the legislation promoted the very sort of dismissiveness you are attempting to keep away from. And, finally, we overcame that dismissiveness. 

CAVUTO:  There was a lot speak about the way you modified your system or no matter it was after assembly with a variety of victims’ households and that there — I would not name it obligatory an epiphany, however one thing occurred to maneuver this ahead, as a result of up till this so-called change, I imply, it wasn’t trying such as you would have signed up sufficient to write down off on the fund itself. 

Clarify what occurred. 

FEINBERG:  The most important drawback we confronted on this entire program was not monetary. And it wasn’t calculating formulation. 

The most important drawback, as , Neil, the legislation creating the fund occurred simply 13 days after the assaults, emotion extremely uncooked, indignant, pissed off individuals. 

“Mr. Feinberg, you are offering me $3 million. They have not even discovered my son’s physique but. How dare you come right here speaking about {dollars} and cents?”

And it did take time for empathy and I feel a considerably calmness when it comes to evaluating monetary uncertainty, at the least. However it was tough, it was emotional, and it was debilitating. 

CAVUTO:  How did you broaden it for individuals who we later realized to find what would get sick and later die engaged on web site or having to do with rescuing individuals on 9/11? 

I imply, you then needed to revisit issues, proper? 

FEINBERG:  In fact.

Do not forget, the statute expired. The fund was over in December of 2003. 

CAVUTO:  Proper. 

FEINBERG:  That meant that individuals have been first responders and others who had the latent diseases, they hadn’t manifested themselves but, most cancers, emphysema, different illnesses.

These illnesses did not bear fruit a decade later. So, Congress, I feel appropriately, had little or no alternative. Elementary equity required that they reactivate the fund for functions of compensating first responders and others who solely in 2013, ’14, ’15, immediately are actually manifesting these bodily diseases. 

CAVUTO:  And did the compensation, the best way you went about compensating individuals, did that very same methodology utilized to this newest group of people that wanted assist? 

FEINBERG:  Sure, I feel there have been some variations.

However, principally, the sufferer compensation one which I administered vs. sufferer compensation two very ably being administered immediately, they principally comply with the identical format. There could also be some variations in eligibility and valuation, however they’re principally the identical. 

CAVUTO:  You realize, lots of people take a look at this.

And, clearly, you might have been known as in to do that many times since 9/11. And it is modified the notion of how we reward individuals. That was a part of the best way Congress needed it. However did it ever envision the controversy round it, {that a} fireman’s household or policeman’s household or Port Authority employee’s household wouldn’t be as generously compensated as, as an instance, a dealer?

FEINBERG:  Congress did not assume that method, no.

Congress needed to guarantee that no matter I needed to do to entice incentivize individuals into this system, do it. We do not need lawsuits. We do not need airways being sued, the World Commerce Middle being sued. We wish a greater system on this specific tragedy to keep away from litigation.

I do not assume you will notice a 9/11 Fund once more, I feel it was a — type of a singular a response to an unprecedented catastrophe in American historical past. 

CAVUTO:  Proper. 

FEINBERG:  However I do not consider it will likely be replicated. I am unsure it must be replicated. 

Dangerous issues occur to good individuals day-after-day on this nation. There isn’t any 9/11 Fund. 

CAVUTO:  That is an excellent level, Ken Feinberg, particular grasp of the September 11 Sufferer Compensation Fund.

I urge you to observe the Michael Keaton film on this, “Price,” as a result of it places in perspective the Herculean activity Ken had.

Ken, thanks very, very a lot. 

Trying again at that day and all that might come because of that day, compensating, every little thing else, it was the sheer, sheer enormity of the loss that hits dwelling. 

(BEGIN VIDEO CLIP)

CAVUTO:  Whoever dedicated this heinous act immediately, if the gist was not solely to trigger large bodily harm, and clearly an amazing lack of life, they’ve additionally minimize the monetary capital of the world to the core.

UNIDENTIFIED MALE: I used to be right here shortly after 9:00 this morning.

Police and fireplace have been racing to the scene. And that, in fact, quickly thereafter, is when the buildings themselves started to offer method. I used to be just a few blocks away. One of many buildings collapsed. I ran, as did a variety of the police and fireplace who have been within the close by streets, however an awesome many officers, New York’s most interesting and New York’s bravest, have been trapped inside.

UNIDENTIFIED MALE: There have been three blasts. And it was simply whole panic, cops, sheriffs, building, employees, welders simply dropping every little thing, operating up the road for canopy.

UNIDENTIFIED FEMALE: He was final seen when he left the home at 6:00 within the morning. I have never heard from him, not a telephone name from him. And I am on the lookout for him. I am on the lookout for him, anyone with data.

UNIDENTIFIED MALE: The FAA, the Division of Transportation have stated they are going to start permitting restricted flights, a lot of the flights that have been diverted yesterday to different airports and, in essence, are stranded. 

However these flights is not going to fly till the airports they’re flying away from are completely searched and the passengers as soon as once more checked in with even harder safety.

UNIDENTIFIED FEMALE: We’re making it away in direction of the water and operating away from the constructing. And he or she stated she could not run. And we stated, we’ve

— you must do no matter you must do. Simply maintain shifting. 

And each time individuals would look again, sadly, they regarded again they usually noticed the second airplane hit, which was a really ugly expertise, as a result of you–

CAVUTO:  In order that they’re operating again. They have been attempting to get out of there. They usually look again they see the second airplane hit. 

UNIDENTIFIED FEMALE: Second airplane hit, sure.

CAVUTO:  And that one was fairly extreme, as a result of, rapidly, every little thing is falling out of the sky. 

(CROSSTALK)

UNIDENTIFIED FEMALE: Together with our bodies.

CAVUTO:  The human dimension of this, in fact, is incalculable. 

However that is the query, Brian. When buying and selling does resume Monday, sure, you bought the machines again, the wires again, the keyboards are up and operating, and all of that, the information terminals connecting right here to London, to Frankfurt, to Beijing. They’re all working once more. 

However you are rapidly taking a look at plenty of empty desks. 

We have now heard concerning the lives misplaced and the buildings misplaced. I need to finish tonight speaking concerning the mates I’ve misplaced, the visitors I’ve misplaced.

I am being somewhat egocentric right here, so many. However, lastly, I would wish to concentrate on two, two eerily prescient gents who have been regulars on this present, Invoice Meehan of Cantor Fitzgerald, and David Alger of Fred Alger Supervisor.

BILL MEEHAN, CANTOR FITZGERALD:  There is a true mania that is happening surrounding Wall Road that is in contrast to something we’ve seen because the ’20s. 

And plenty of it–

CAVUTO:  However it has been happening for some time. 

MEEHAN:  It has been happening for some time. 

CAVUTO:  At what level do you the alerts are sufficient that you simply pause?

MEEHAN:  I do not assume the alerts can be sufficient, Neil, till the Fed really does one thing, versus says one thing.

CAVUTO:  Folks would possibly discover it so paltry, they are going to spend it.

DAVID ALGER, FRED ALGER MANAGEMENT:  Proper, precisely. 

I feel they are going to spend it. And while you multiply that paltry quantity by the variety of taxpayers we’ve on this nation, what, 100 million individuals all spending $300 a pop proper off proper off the bat–

CAVUTO:  Sure, why put it aside, in different phrases?

(CROSSTALK)

ALGER:  Sure, precisely. Why put it aside? It may be a pleasant leavening issue for the financial system.

CAVUTO:  Invoice Meehan, David Alger, gone now, however not forgotten ever. That is what September 11 means to me. 

(END VIDEO CLIP) 

CAVUTO:  There have been many extra who have been misplaced that day, visitors on this present, those that supplied their monetary experience of America and the place we have been headed, with no thought about the place they have been headed, and the way brief these days can be earlier than they have been gone, in a single case, somebody who was on with me simply a few days earlier than the assaults.

You by no means know, they are saying, in life, the unpredictability of all of it, the wealthy and the poor and everybody in between who at any second will be taken after they least count on it, forsaking households who wanted assist and therapeutic and, as Ken Feinberg would say, compensation as properly. 

All of that was to be labored out, however not earlier than the magnitude of the occasions that unfolded. If you concentrate on it, 20 years in the past at the present time was a Monday, the final harmless day at the beginning hit the fan, when all we have been speaking about have been, properly, a New York mayoral race and, at the least on this metropolis, the hope that possibly the Yankees or the Mets would shock us. 

That was then. This weekend, we glance into what’s now. 

I’ll see you tomorrow for particular protection, 11:00 a.m. Japanese time, as we glance again and look ahead.

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