be given access to arms in order to -- charles: we have to wrap it here. we're running out of time. thank you very much for your candid response to these questions. neil, take it away. neil: charles, thank you very much. thank you for sitting in for me yesterday. you didn't have a busy day enough, but thank you again. we are following up on the president's marks. two signature moments for me, folk, the president joking about his hair. that was tour de force moment. we rarely see himself so self-deprecating that can pay him dividend down the road. i did want to focus on the president talking about the market craziness in a very different way you can thing. the president commenting on some of the gyrations lately in the market. take a look. >> the stock market, with all of the ups and downs, since election day is up 37% from

election, 37%. [cheers and applause] now, it did a little bit after correction. in fact i started to say, you know, i was in it for like 13, 14 months from election, i say is this sucker ever going down a little bit? this is a little embarrassing. it was up 100, up 1000. up 90, up 63, i said good that's better. neil: good, that's better. is it. the market rebounding today, continueing an effort for investors wipe out the 10% correction, more than half of that correction. we'll get into details, to the president finally commenting on that gyration, welcoming it. go to gary kaltbaum, "wall street journal" jillian melcher and our own charlie gasparino. what do you make of his acknowledgement of the obvious? >> i never want the president to be embarrassed by a market going

up. i always want a president to be careful about what he says after market especially gargantuan run, leave no doubt i'm concerned i think it has a lot to do with trump and regulations coming down, the potential for the taxes and everything. but just be careful though how you say things because markets will bite back. neil: jillian, what is funny, i've been waiting for this to to down. he was trying to say, i understand what is going on i'm not aloof what is happening, but signal sent to investors he didn't really care. he still likes what the market is doing. referred to fact we'll see where where later on in another seven years, all but guarantying he will run for re-election. >> this is damage control. if you get a good market you are blamed for a bad market. we're seeing return to normal interest rates. seeing the end of the bernanke-yellen era. there will be market

corrections. that is not a bad thing. i'm encouraged by gdp numbers and encouraged by manufacturing. this is pretty normal. but the correction he made was the right step. neil: i think it was funny too. >> i think it was stupid. neil: how would you have acknowledged obvious volatility in the market. >> markets are volatile. they go up and down, we're here to fix the copy. you don't deal with it. here is why, neil. the market is in unknown territory. we don't know what gdp will be. >> we had unprecedented experience. >> gdp estimates from the white house began with donald trump saying it would be 6%, now down 3%. >> atlanta fed said 5%. >> most overoptimistic fed which is widely wrong on the downside and upside is now ratcheting down. this is fool's game. here's why. if we don't get decent gdp growth out of the tax cut we'll get massive deficits. i'm not saying it will happen because i like tax cuts.

if i'm wrong, we'll get massive deficits, much higher interest rates. neil: why do you say the tax cut will trigger massive deficits you ignore additional 9, $10 trillion? spending. >> that is on top of that. neil: why does everyone would say the tax cut would be culprit for that, not all additional spending. >> the tax cut is trillions. it is so big. neil: the extra spending, extra spending i'm not targeting you on this because i hear a lot of people say this, the extra spending is 10 trillion over 10 years. >> that is the tax cut. neil: tax cut, is 2.5 trillion. i'm not minimizing that big believer it could generate revenues. it mixed up to me we disproportionally focus on -- >> that is great point. my other point would be if the tax cut works, especially if we get gdp above 3%, it will start paying down that debt and spending. that is it what the markets are trying to figure out.

>> the die already has been cast on debt an deficits. we're heading for $30 trillion. i have been stating this every day. neil: over ten years. >> to the it. next year, $400 billion is going toward interest. our first 400 billion of our taxes. neil: we don't have to worry about it, gary. it is jillian. >> yeah. neil: she will whine about it. >> eventually a trillion dollars. eventually if they don't change the trajectory, i don't care what they do, markets will react, interest rates have to react because economics 101, more debt higher the rates. we had the central bank there fighting rates down and buying up bond to keep them down. neil: maybe the president should step back a little bit about the markets period to charlie's point. >> up or down. >> up or down. >> i think this is stepping back. he had taken credit for it aggressionly. these are all the things i done and linked his performance. >> pounded away up employment going down for women. >> that's good.

neil: that is what he should have been arguing. >> taking better credit for that. >> here is problem with him touting the markets, when he started really touting the markets in jop, we had massive rei will inflows at the top. he cost some people some money. >> just remember -- >> this is not good stuff with the markets. >> also whipped when the market went you there the 12% correction. this is not right. it should not be happening. that is where i worry. you never know that one little word or phrase that set as market off especially when it has had a big run you never know. neil: he addressed it. he addressed something else. this will seem silly to you guys, seemed at first silly to me he is not known for synching himself. zinging himself. this moment caught my tension, let this sink in and react to it. >> what a nice picture.

look at that i love to watch thatfy speak. oh, boy. [cheering] oh, i try like hell to hide that bald spot, folks. i work hard. neil: now of course for anyone who, you know has been following this president, as a candidate, his hair is favorite target of critics and comics alike what the president to do there i thought was actually refreshing. what do you think? >> yes. point out, look at audience. that is an audience older, and they will get the joke. neil: really? they're all bald? >> they're all older. >> people like me are bald. charles: all the uk newspapers last week, front page, forget any another use, had a picture of his hair flying up on air

force up with. there was another picture supposedly a little scar, maybe he had some surgery. neil: ridiculous. >> smart enough to get in front of it. here is what i have to say. whoop by do. the best part about trump, when he has moments unscripted. when he has these meetings in the office, oval office where he has a bunch of people around him unscripted. it is really good stuff and i want to see more of it. >> they're not all good. neil: here is what i took away from that, i know it seems like a sill hi thing, a lot of people obsessed trying to retrieve this sound bite, first time i can remember where see. inged himself. i mentioned he had rollins, he worked for most famous sell deprecate tore, ronald reagan. >> it can work as political tool. donald trump i know him pretty well, you know him pretty well, the caricature we see he helped create, right, is not the guy i

kind of knew. i knew a guy was funny. cracked jokes on the side. was not this sort of lunatic checking lock her up. he was much more measured when i knew him. transformation has occurred. maybe it is all an act. maybe it is not. neil: that speech showed a lot of humor, right? >> yes. >> he is in his element with this crowd. playing to the base. neil: you will not give him one iota of credit? i admire your consistency. >> i like deployment of humor. >> see if he does it at white house correspondent's dinner if he goes. neil: question whether he might go. preview of coming attractions. >> president are general self-deprecating, say what you want about obama, he was best. >> that will be super bowl ratings if he goes to that dinner, the love and hate that will be in there. neil: will be a lot more hate. >> they hired this comedian, comedian hired, all she does is put down donald trump. >> a lot harder for them to go

after him when he is being self-deprecating. looks like it is in poor taste if they go after him. neil: jack kennedy line, always besmirched for his father buying him the election. dad said he wasn't going to pay for a landslide. great way to minimize entire debate. thank you guys very much. you too, charlie. the brother i love. president walking a fine line on some other issues especially with this particular group as jillian pointed out, might have been right in his conservative corner but it concerned guns and how to keep them applauding and not getting infuriating, take a look. >> we know you have to strengthen up, really strengthen up background checks. we have to do that. [applause] and we have to do for the mentally ill we have to do -- we don't want people that are mentally ill to be having any form of weaponry. we have to be very strong on that. [applause]

neil: all right. now the nra, the national rifle association, opposes those two measures here. doesn't want the president to go too far stressing guns, gun ownership, who can get them at when, what age they get them and how. former reagan campaign manager ed rollins, what he makes of significance of even that slight departure from the nra script. what do you think, ed? >> i want to preface this, i'm not the president's advisor on hairstyle. i think humor was very important day, i do too. >> i felt this was very powerful speech. i felt he was very comfortable. as i watch this, this guy is now the leader of this party and leader of this conservative movement and it was first step toward 2018 and 2020 elections. i thought he did with the nra, they're my friend, they supported me, but this is very serious situation. we have to make modifications minor, maybe. one of the things that most people understand, the vast majority of gun owners in this country are appalled by the

terrible disaster in florida as anybody else. we can make some modifications. i think they will be supportive. if they're not supportive, the president can lead congress to make changes. neil: i think this crowd might be open to it. all are imagine i nra member, the nra made it clear they are not too keen on these ideas. the president seems to be hints in the strongest terms, i think you want to to along with this. >> a pot line things will be done at state and local level. governor scott, florida will come out with propositions as it should be. bottom line the federal government should not be in everything. the key thing, it was very powerful speech. it was addressing the issue most people are very, very concernedlast week, this terrible tragedy. i think he is offering something to the american public, not a finished piece of legislation, in the a totally, it's a not process, good thought process. i think that is important. neil: you know, in very simple way powerful way the president

did sort of try to get a handle why it is in midterm elections party in power always gets clobbered. he was talking to maybe the psychological nature of it. one they capture the white house, they feel excited about that the other guys are galvanized to make sure it doesn't happen again. so they're more jazzed to come out and vote. he was telling this crowd, we've got to get off our asses here, literally, do something, not that happen. but again, that is the historical norm that the party in power does lose seats. ronald reagan experienced it in his first term. what about that message? i mean how can you get that party in power jazzed to get out to vote? >> did part of it today, first good step. historically there is drop-off, dramatic dropoff in midterm elections. mower people vote in presidential elections. side that loses is very intense. democrats are intense. they have coalition groups that

don't like trump, never like trump will do what it can to make changes. we're divided in nation, divided in our partisanship. energizing his base, energizing republicans telling them how important this election is as he did today, i think is very, very key. whether he wants to make the whole election about him or let individual members of congress and senators make it about them and their record is the key question. neil: you know, worked for ronald reagan who was of course tame mouse with his irish sense of humor, directed at himself, picking up on media themes at the time that he wasn't too sharp. we learned otherwise he was quite sharp, thank you very much. he used that to great effectiveness here. the president, this president, for the first time on the hair thing what did you think of that? >> i thought it was very important. i thought it showed great humor. and obviously the ability to laugh at himself which is always important. the second thing he did today, he fired a shot across john

mccain like nobody i ever seen. ronald reagan never attack ad opponent -- neil: didn't call him out by name we all knew he was talking about. >> the message is here, support me i will be good to you. don't support me, you will pay a price. neil: ed, good seeing you. ed rollins, former campaign manager, fox news contributor. both matter a great deal to us. the president also was saying at end of his remarks, we got details from steve mnuchin, treasury secretary about tightening up sanctions against north korea. we're waiting for closing ceremonies of winter olympics in south korea. ivanka trump will be there. she just might bump into the ruler's sister. how will that go? after this.

neil: all right. the president teased at the end of his remarks at cpac today there are going to be a new set of sanctions, more sweeping, more substantial than any prior on north korea. the timing just as the olympics are wrapping up this weekend,

his daughter will be there for the closing ceremonies. blake burman with the latest from the white house, what this could involve. blake. reporter: got a passing mention from the president at the tail end of his cpac speech but the white house is hailing as major move. these sanctions, largest ever under the administration target shipping, trading, vessels, especially vessel to vessel contact out in open waters where products are exchanged. if you stop the imports and exports, stop the money flowing in and out of north korea and you can slow down the ballistic missile program and its nuclear ambitions. here is president trump speaking about this earlier this morning. >> north korea, we imposed today the heaviest sanctions ever imposed on a country before. [cheers and applause] and frankly, hopefully somebody positive can happen.

reporter: this involves 27 different entities and 28 different vessels that involve a variety of countries including north korea, china singapore, even as far as panama just to give you an example. i asked the treasury secretary steve mnuchin who joined us in the briefing room a little while ago to put that number in context. >> this is very impactful. this is virtually all the ships they're using at this moment in time. we'lling sublist continue to monitor, use our resources to monitor activities going forward. we'll do new sanctions as needed going forward. this is a very, very significant action port part very, very significant, says the treasury secretary though, neil, he would not necessarily characterize this as full-on blockade, instead saying quote, they would use all of our sanctions capabilities an will continue to do so. neil? neil: blake, thank you very, very much. we hinted at already, the

president's daughter, ivanka trump will be in south korea for the closing olympic ceremonies. she will no doubt meet or bump into kim jong-un's sister who has been there throughout the games and getting great deal of press in south america. how does all of this go down and timing of all of this go down? our former united nations ambassador, fox news contributor john bolton. john, what do you think? >> i'm in favor of any new sanctions we impose on north korea. the real issue whether there is time for them to have an effect. cia director mike pompeo said a few weeks ago north korea was within a handful of months, his phrase, handful of months being able to drop a thermonuclear weapon on any target they wanted to in the continental united states. you name specific ships that you're sanctioning. unfortunately those are not the only ships in the world. so how long it takes for this really to kick in and have an

impact on what is a prison camp economy already is really very hard to say. i support it but nobody should be under any illusions how close north korea is after 25 years of trying to achieve that objective of deliverable nuclear weapons. neil: this president had tough sanctions. his predecessors have had tough sanctions. but somehow something makes its way to north korea to get them over the hump. it could be china. what do you do in they find a way to survive all of this. >> the ships they're sanctioning now that are doing ship to ship transfers of oil off the north korean coast. that was in violation of same shuns. they put in new ways of sanctions. there are other ways to get oil in. we have done sanctions for 25 years, we have failed, we have

failed. simply doing what we've been doing before is not enough. that said of course i favor this but objective has to be to stop the north koreans nuclear weapon program and given the cia director's estimate of timing here, i don't know that this is going to have any real effect. neil: if i could switch gears but as leading conservative in this country the response the president got to changing slightly our gun laws, i stress slightly, even though to the nra are big deals, coupled with florida governor rick scott talking about prohibiting the kind weapons, the shooter used, you know, in florida, to those who were at least 21, the president has toyed with the same stricter background checks and the like. that was received postively at least with applause from this crowd. what about the nra? >> i think what the president's done, i think beginning with listening sessions that he held earlier in the week, saying let's consider this idea. let's consider the other idea.

see what packages are both workable and effective. i don't see anything wrong with that i think in some respects it is long overdue. i think what he has done already on the bump stock issue, simply closes a loophole that existed in a prohibition that years ago people agreed on. no sale of automatic weapons. and no sale of anything that is functionally an automatic weapon. so i think it's a contribution to the debate. i think we'll have to see what gets through congress. neil: that is the rub, right? ambassador, thank you very much. good seeing you again. >> thank you, neil. neil: we're talking about the president's remarks. he also talked when it came to this gun issue schools should be protected like banks and government buildings. but of course this particular school was protected by a guard who had a gun, who stayed outside and didn't go in. is that part of the problem, and is giving people, teachers guns, who would be interested in

having those guns going to solve that problem? after this.

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>> deputy sheriff peterson i guess his name is. they brought it out. i was surprised. but deserves to be brought out. what he did, he is trained his whole life, there is an example. but when it came time to get in there and do something he didn't have the courage or something happened but he certainly did a poor job. there is no question about that. neil: the president was referring to this florida deputy, scot peterson, who was armed and at that school, stationed at that school where the florida shooting went down, stayed outside, didn't go back in, missing a crucial four minutes during the shooting, could have done something. there is a lot we don't know. he since resigned from the force here but a lot of people are pointing fingers at him that it was made a lot worse than if he had just been there and done something in the school. former boston police

commissioner ed davis. always good to have you. what do you make of early reads we're getting that there was an armed guard there but he was outside? >> hi, neil. this is extremely troubling. i listened to sheriff israel recount his viewing of the videotape. that is the best evidence that we have in a situation like this and if he took the action that he took and said that the things he said about this officer, there was clearly a dereliction in duty here. i spend a lot of time justifying officers actions because i know what goes on behind the scenes. there is no excuse for this, absolutely no excuse. four minutes is a lifetime when you're hearing reports of gunfire. every explosion could mean the life of a child. you have to move on that. neil: yeah. you know, ed, there is push now to arm teachers or at least those who would be you know, interested in arming themselves. other teachers just say i have enough difficulty coming up with a lesson plan, let alone a life and death plan.

what do you make of that? >> well, i am, have been involved in the logistics of what it takes to arm people. we have 2200 police officers here in the city of boston and we send them for training twice a year. they qualify. they go out for tactical training. they have to learn constitutional issues about the use of force. and there are more than twice that many school teachers in the city. it would be extremely expensive and logistically virtually impossible to arm police, to arm school teachers i think. that says nothing for potential friendly fire and number of rounds that police go off in their life. if you go to police locker room you find bullet holes. i think you lose more children at the end of this conversation than you protect. neil: knowing that i was going to have you, you and i chat about this almost every time because of course your sig tur

leadership during the boston patriots day bombing that you learned fbi knew more about the assailants involved, the tsarnaev brothers, that your force or any of your people did because it wasn't shared. i'm not blasting the fbi and other authorities. it would not be the first time and not the only time since where agencies, law protectors if you will had not shared information. it looks like that continued here. what do you think of that all that? >> well, that is extremely troubling. these are big systems. the fbi is a huge monolith of an organization that gets thousands and thousands of reports every single day about misconduct. but, the systems need to be streamlined and made more local. when they made that reporting system a centralized location, they lost the local connection and the, and you have situations where these things fall through the cracks. i can't blame anybody here but, this is not a proud day for law

enforcement at the local or federal level. neil: commissioner, thank you very, very much. i appreciate it good seeing again. >> thank you, neil. neil: quick corner of wall and broad a look, up 152 now. the belief when federal reserve released monetary outlook, isn't necessarily worth the paper it printed on because it could change because of budget projections that sort of thing but very confident we'll continue to see robust growth but doesn't necessarily mean we'll see robust wage growth or for that matter it will complicate other developments like inflation in a big, by way. i'm vastly oversimplifying it but that is the way the market is judging it. we'll have more after this.

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neil: stocks trying to rebound falling over one tweet, one tweet. caused over a billion bucks in

market value. hillary vaughn with latest on that. reporter: kiley jenner sinking the social app snapchat. she is one of the app's most valuable users in 2016. most viewed user on the app by a long shot. they made her own snap filter to celebrate. she barry opens her app anymore. asking twitter followers, does anyone else not open snapchat anymore, or is it just me? that is so sad. that tweet wiping out 1.3 billion in snap's market value. this is the latest pr nightmare for the company facing an influx of viral, angry snapchatters who are not happy with the app's latest makeover. the changes ignited so much public fury a petition on change.org to change back to the old design received 1.2 million signatures, prompting a response from the snap team, saying we hear you, appreciate you took the time to let us know how you feel. with he completely understand

the new snapchat has felt uncomfortable for many. snap also battling concerns that user engagement for the company is steadily dropping, raising alarm bells for some investors, the stock has beendown graded by citibank. neil? neil: timing is everything. hillary, thank you very, very much. it was such social maid yaw sites that became the obsession, if you think about it, during the florida shooting. that is how a lot of the word was communicated. this is boarding on an obsession. not even bordering on it. child adolescent therapist is right, we have to get a handle on it. greater appreciation for this. she is back with me now. darby, good to see you. >> thank you for having me. neil: it is an obsession, isn't night it is an obsession. neil: as parents what do we do? >> we have to remember we use it as entertainment. what has happened is it takes, it is replaced kids building up an identity and who they are. they have such a desire to put

on the perfect external person with the likes and how they look and who they are seeing that they don't build a foundation a core, like who they are, what are their interests? what happens if your friend is not nice to you? oh, i can go this direction. you really can't if your whole world is built on something external, happening, changing around the clock and very quickly. neil: i don't know if it was exclusively on social media sites but the concerns and the fingers started pointing to nikolas cruz almost immediately after the slatting, when people didn't know it was behind it -- shooting. on social media. what are we to learn from that? >> we can learn that is positive piece of the connection. that the kids, i work with adolescents all the time, actually they do know, they know a lot. this kids did know nikolas was a

problem. neil: a lot of people did. >> a lot of people did. the fact it runs like wildfire on social media can be a great thing. something we need to remember anything you say or do can go viral in seconds. and it doesn't have a lot to do with who you are or if they're right or wrong. it is just how it takes on that exterior perspective. so we have to really teach our kids, and it is our responsibility to pull back and teach them to build who they are without it being subject to everybody's liking or something on social media. neil: "usa today" said our kids are hooked on the gadgets. ps, so are their parents. >> exactly. there is one, she calls herself a cyber psychologist. she says something really interesting. really parents need to think about how much they're on there, because that much attention they're withdrawing from their kids. all that attention, those are the pieces that keep us healthy so we don't have, raise kids

with nikolas cruz sort of neurology. somewhere that real sense of not belonging or rejection or desire to get back at society. neil: do you think that the pendulum could swing the other way? i think you and i touched on this after the shooting, this notion of all right we have to do better job policing behavior we see on line. there were apparently pictures of the shooter cutting his arms, threatening to get a gun. a lot of people had access that, some people did report it i want to emphasize that. anyone who does anything half as bad will be fingered. all of sudden it will like, a witch-hunt? >> there is always that risk, that can happen. i think what we really want to do overall, because anything that is happening through social media, we don't really have a touch point there. is no reality base, that we really need to draw back, and think, we're not going off of

social media as our real information. like who is this person, what is he struggling with, what might make sense. and that is very different. neil: should parents you should report that? >> absolutely. neil: you should at least get in touch with the kid doing it or your parents should get in touch with their parents, whatever? >> absolutely. parents seem to be resistant with that, as with anything with bullying. if kids, kids really sense it they get a good feeling for it we should listen to them. but that is a whole another area. what do we do how you report it, mental health, hipaa laws. that is more complicated thing. neil: it's a weird world where this is become like new normal, our kids are sadly used to it. they almost shrug their shoulders of reports of a new shooting. where do you think this is going? is it particularly prevalent because of social media? because we're so sophisticated

society with that, what? >> i think it is more prevalent here actually, because there is more access to guns so it has happened more. if you go to the gaming or those kind of things, there is more prevalence in asia or some of the european countries but there are not mass shootings. so there is a difference. the factor that seems to be sort of standing out is the accessibility to guns. neil: i wonder too, if there was a twin approach, one to address guns as the president seemed to intimate today, with idea of raise the age to get them or make at least stricter background checks but also to address violence out there in videogames, even in the movies we see a multiprong approach? >> i am never proponent of seeing a lot of violence because you become desensitized. there is a ton of research done but no research makes any correlation between gaming, violent games, call of duty or

red redemption whatever they may be. neil: all this escalated with ever growing popularity as well. >> other countries don't have that. other countries don't have gaming. i don't know a boy base by 8 to 23 that doesn't do a lot of gaming. there is not violent and aggressive. we don't see that through the research anywhere. neil: we watch closely, thank you very much. the president is addressing what is going on in the economy. used this speech today before conservatives gathered at cpac to say you know what? this crazy market still our friend, and these developments still our friend as well. he did a big shoutout to somebody in that audience to say he likes what he is doing too. meet him after this. ♪

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warriors, warriors all. neil: where is mark meadows? he is here. reaction now from the house caucus, chairman mark meadows. what did you think of the president? >> neil, great to be with you. neil: same here. what did you think of the president's marks particularly with regard to the improving economy and getting that message out? >> he is getting the message out but i can tell you a message that is already resonating with your viewers, neil, certainly with the people back home in north carolina for me but across the country. we're seeing additional pay increases in checks. we're seeing bonuses and jobs coming back. it's a great story. but we can't stop there. that is what the president is talking about. we had a great year. but we need a great second year with years to come. i'm optimistic we get there, neil. but it is, a great day. it gave a great speech. obviously i was here with some

north carolina republicans, conservatives, they're excited about what the job market is going to look like for them. neil: you know, you're as conservative as they come i imagine as big advocate for the second amendment as out there. the president did outline things in the past at least, congressman been anathema with the nra but this was applauded with a largely conservative crowd today. the notion we have to strengthen background checks. we don't want the mentally ill to have any form of weaponry, and that a school should be protected like banks and government buildings. even on that last item i think even the nrra would agree but on the first two they are opposed. what will happen? >> this president is not beholdenned to any group other than the american people. you will see some real legislation. i've been on the phone with the ad lane station at least three

times since the shooting in a foreign country you have a problem with your government you express your dissatisfaction you could go to jail. when you express your dissatisfaction you get invited to the white house. i thought last couple days we had real input from moms, dads, lost loved ones, it was raw and a bold move by the president. is has called me and conservative and other conservatives to meet at the table to look at this a fresh, new way. we're working on legislation to try to work with the administration. not just talk the talk but actually pass something into law. neil: that is interesting, they say timing is everything, congressman. the president is meeting with the australian prime minister, malcolm turnbull. it was australia who back in the early '90s, dealt with a mass shooting i think in brisbane, that killed 3 dozen people. they cracked down on automatic weapons. more to the point. bought a lot off the street and incidents went way, way down. it didn't remove crime but it

certainly stopped mass shootings. so, he has been a big advocate for saying, that is the problem. do you, do you think that's right? do you think that message message from australia is right? >> we're a different country than australia. i don't know that i want to go live down under, nor do you. we're a much larger country. that is 24 million people in australia. you look 600,000 guns, probably 300 million here in the united states but we've already had an experiment on what stricter gun regulations will do in terms of our big cities. washington, d.c., you know, just a few blocks from here, has some of the strictest gun laws in the country. yet we see gun related violence not going down. there is not linear coalition. but when we look at foundational principles of a free society we can do better protecting schools. that is what we'll need to do. you and i were old enough to remember we could get on an

airplane without going through screening, without any kind of a check. we had to increase security there. and i think it is time that we do the same for our schools. the president has got a principled, pragmatic, maybe methodical way of looking at this. he challenged me to look at it in a way i haven't looked at in the past. we're committed to do that. neil: as we're speaking, chairman, we're looking at a bit of video came in a few minutes ago with the prime minister of australia. that message seems to be we're on the verge of changing something regarding these school shootings. maybe a combination of raising the age for certain weapons, that also has been offered. i know florida governor rick scott is pushing for that. what do you think of that? >> you know, i think that when we start looking at trying to just do something because everybody says you got to do something we want to do something that actually gets to the heart of making sure our sons and daughters are

protected. i can tell you i don't think raising the age will be met with a lot of receptivity on capitol hill. i got an email from the young man. i serve in the military. i'm 20 years old. i basically served my country and yet you're going to tell me i can't buy a particular long gun when i'm willing to give my life for my country? those are all serious debates. i'm not saying it is off the table but certainly a serious debate we'll have in the coming days. neil: we'll watch very closely, congressman. thank you very, very much. the dow up 134 points right now as we weigh all sorts of different signals on the economy including interest rates backing up a tad, but not stocks.

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i was in it 13, 14 months from election, i say is this sucker ever going down a little bit? this is a little embarrassing. it was up 100, up 200, up 1,000, up 150. up 90. up 63. i said goodness, that's better. neil: all right, i don't remember when we were sinking and going into a freefall correction and some feared worse that a president was talking about whether it was good or bad, but the first time, speaking before a cpac conservative audience in washington that at least he mentioned it. in a kidding way, and to say that the trend was still his friend, the read on all of this from rich carlguard and john layfield. we should go down a little bit. he didn't say it then, but you know, we can sort out the details here. he did acknowledge the craziness in the markets. what about you think of it? >> i thought it was the president trying to distance himself from the market and the correction is invariably going

to come, bear market is going to come. don't know if it's going to come during president trump's first term if he has a second term, he wants to distance himself from. that the biggest numbers are the unemployment and the gdp, the president should hang his hat on those instead of the markets. neil: he was stepping back again, but might be telegraph he's going to go back to talking about the markets, rich. would be that a mistake? what do you think? . >> i think it's a wonderful thing he's doing that. i'll tell you why, it means he's much less inclined to do unforced errors on trade and other issues that might impact the market. good thing he has people like gary cohn, steve mnuchin reminding him of that fact so trump is taking ownership of the market makes me really positive. i couldn't be happier. neil: really? sometimes there's a risk in that, even ronald reagan who was happy at the end of eight years the markets were higher than when he came into office, but famously, skewed talking

about them prior to that and stood him in good service when the markets tanked in the '87 crash. he opted not to focus on the markets, jobs, that sort of thing, the constructive things which presidents do have direct control. what do you think? >> well, in this case with this president, i think it's a good thing because it steers him toward his better angels, as away from this angry at the world, isolate america instincts, which by the way i think have subsided considerably since he got rid of steve bannon. but the issue is the 2018 house elections, you know? the republicans have to win the house to keep this trump momentum alive. neil: john layfield, if republicans lose the house, just positing that out there. what would the markets do? >> i don't think they would do much because i don't think much is going to change. the tax cuts have already been passed, regulations have already been cut. i don't think much is going cut. if republicans lose the house,

projections of unemployment are going to be around 3.8% by the time election comes through. if that's true, that's the lowest since lyndon johnson, no coincidence similar to the 64 tax cut. i think it's hard for republicans to lose this election, if they did, i don't think the market is going to react that much, everything is set in motion. neil: of course, rich, it could complicate the president's agenda the next couple of years, invariably a lot of investigations for all i know on impeachment. lot of crazy stuff could happen when the other party gets control. you know how that goes. how would you view that and play out those two years marketwise? >> well, first of all, i think the republicans are slam-dunk to keep the senate and maybe now to the majority. the house, though, i think is a coin flip. they should be doing better than they are given the economy, but i think if we had a speaker pelosi, there would

be one household after another. at least trump could keep his movement on regulations and things like that, but further tax cuts would be impossible. you know, we would be better off if we had a republican house after 2018. neil: all right, let me get your sense, very quickly on the monetary statement out of federal reserve today. it's easy to get in the weeds and bore people. i save that generally for -- well, all my shows, but i did notice that the fed was saying the economy is moving past full employment, but only moderate wage gains. that seems to at least the way the markets initially interpret it, they're not going to go crazy on raising interest rates. did i see that correctly, john layfield? what do you think? >> i think you did. i think the market has been calmed significantly since the crazy volatility that happened the last couple of weeks and the fed has done a lot to help that. the fed is telegraphing the rate rises very well and done

it for some time. we had inflation coming for some time. none of this is a surprise, and the fed staying the course in the comments significantly helps calm the markets. neil: and rich, you agree with that? and do you agree if we see the 10-year finally close over 3%, that is a psychological level that people go nuts about, what do you think? >> if growth is at 3% also, i don't think a 3% ten-year fed funds rate is going to hurt the markets or economy in any way. we've built in an expectation of three quarter-point rises in 2018. neil: if there were more than that, rich? >> if there were a half point hike, that would do more damage if there were four versus three. neil: john, quickly, you agree with that? >> i do. i think the surprise of the uncertainty. the market has gone up so much, people look at any data point, as a surprise, it will hurt volatility in the short-term, yes. neil: gentlemen, thank you,

both very, very much. meanwhile, the president at cpac was talking about guns and safety, and also talking about better securing our schools. take a look. >> why do we protect our airports and our banks, our government buildings, but not our schools? [ cheers ] >> it's time to make our schools a much harder target for attackers. we don't want them in our schools. [ applause ] >> all right, we've got liz peek with us, foxnews.com columnist on this whole issue of beefing up protection of our schools. prior to that, he had talked about, liz, this notion that might, you know, run into opposition, certainly from the nra. on tougher background checks, raising the age of those who get guns, rick scott is pushing that in florida or the kind of guns used in the florida

attack. he tiptoed on that. he did find agreement on providing more guns or the access to guns for teachers or administrators to be in the front line against people who try to do the same in schools. what did you make of that balancing act? >> well, i think it's a tough balancing act, but i thought here he is in the middle of 2nd amendment territory at cpac where people are very, very protective of gun rights, and the truth is, what surprised me most maybe was when he talked about comprehensive background checks, people actually stood and applauded. they were in favor of that. and i think there is a exchange in the mood. yesterday we had wayne lapierre from the nra speak. they, of course, have basically come out against the raising of the age to 21 for buying semiautomatic rifles but president trump seeming to be sticking to his guns, he didn't really push that here. he talked a lot about arming

teachers. that is something that sounds kind of crazy when people first hear about it, but when you realize there are a lot of army vets who are trained as teachers and obviously those willing to die for their students, it does make sense that a coward, which most of the shooters are would be deterred by knowing that there might be weapons on a school campus, and that people might be ready to use them. so i think there's a lot of interesting talk taking place, and frankly, i welcome that. i think it's time. neil: something is happening in that community, the 2nd amendment community those who value guns and respect guns, ralph peters, the decorated war hero on this network a lot has an interesting column in the "new york post" saying certain types of weapons, the semiautomatic weapons that go way beyond what an individual hunter would deem necessary our fore founders could have

envisioned. they're not necessary. if you want to play with those guns, gin the military, you will get paid for doing that. to tell the nra, you know, on this, you've got to give a little ground. what did you think of it? >> yeah, i think a lot of conservative voices have come out now looking for some answers, because there have been too many of these mass shootings. let's face it, at the end of the day, someone with a semiautomatic rifle or heaven forbid fully automatic rifle can do a lot more damage than something with a 22 single-action shotgun or whatever. i think there is common sense being raised here, and again, neil, what i think is always very attractive about president trump is he doesn't automatically revert to the talking points that have guided right-wing policy for so long. he is someone who's a pragmatist. there are too many people dying in mass shootings and too many kids dying in schools.

what can we do about it? is it bump stocks? gun-free zones gotten rid of on school grounds, et cetera. the federal government can't do anything about that, but there are things that can be done. i think it's a terrific thing we're having this dialogue. neil: finally, you know, the national association for gun rights, dudley brown, the president of this group, a big 2nd amendment group, very disappointed in the president. he says make no mistake, trump's accessory ban is just the tip of the gun control iceberg. gun bans of potential confiscation by executive fiat which the president did not advocate are bad but it gets worse, but goes onto say, not only is the president trying to ban certain firearm accessories by the stroke of a pen, but the white house is signalling that he's open to increasing the age of requirement to purchase certain firearms. bottom line, this is the immediate response you get from those who are die-hard 2nd

amendment rightists, and i'm not judging, i'm saying that's a crowd that the president also has to try to win over if he's an example of that, and maybe this is a sign of the times, he's not won over. >> i think that's true. they did support him in the election. i think the question would be where do they go because certainly democrats have much more stringent policies in mind, and, yes, that group is actually further to the right, if you want to look at it that way than the nra, they take more extensions to the bridgery of guns. slippery slope isn't well conceived. we have been -- machine guns are illegal. for most people you cannot buy a machine gun in this country. that law is on the books for many years and not allowed and not prevented people from buying, again, weapons to hunt with or do target practice with. again, i think that this hard

and fast positions are beginning to be shattered a little bit because i think americans are just fed up with fact we've done nothing. and one thing we know about this president, he wants to do something that basically might be in the good interest of all the people, not just a slim segment who really protect these gun rights at the expense, maybe of losing children in school. i don't think that's where trump is going to be on this. neil: we'll have to watch closely. liz peek, good seeing you again, thank you very much. the only reference i could see to the president talking about reining in guns or gun accessories is this call to ban the sale of bump stocks. these are devices that can essentially make a semiautomatic weapon an automatic weapon, the kind that was used in las vegas where the shooter gunned down 58 people, but that's the closest i could see the president talking about taking certain gun or gun accessories off the street. but nevertheless, it is a volatile and certainly

increasingly divisive issue, in the conservative community and the 2nd amendment rights community. we'll have more after this. [ phone rings ] hey maya. what's up? hey! so listen, i was taking another look at your overall financial strategy. you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. i'm all ears. how did edward jones grow to a trillion dollars in assets under care? thanks. by thinking about your goals as much as you do.

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. >> north korea, we imposed today the heaviest sanctions ever imposed on a country before. [cheers and applause] and frankly, hopefully something positive can happen. neil: all right, these largest ever sanctions of north korea come just as the president's daughter ivanka trump will be at the closing ceremonies this weekend in south korea. maybe she can share them with kim jong-un's sister who is still there and will be there for the same closing ceremonies. maybe this will come up with the joint presser we're looking forward to featuring the australian prime minister trumbull and the president of the united states. director of defense studies, harry, sanctions are not new, this president has upped the ante, predecessors similarly did so, republican, democrat, seems like north korea found a

creative way out of them or someone else to help them. what about this latest batch? >> well, i think as for the claim the trump administration they're making they're the biggest sanctions ever, clearly they're not. they're definitely part of a pressure campaign that builds on top of four other u.n. security council resolutions to keep upping the ante. and what i think they're trying to do, neil, more than anything else. i think president trump realizes, look, we're probably not going to get north korea to give up their nuclear weapons. that's their ace in the hole. but what we are going to do is we're going to make the north koreans pay for them. we're going to strangulate their economy, i essentially call it a python strategy to keep squeezing as much as possible. their economy is only worth $14 billion, less than 1% the size of south korea's. we keep doing that, we can limit the amount of nuclear weapons and missiles they have, and i think that's certainly better than the only other option, which is war. neil: harry, what are your thoughts when top u.s. official is there, if it's not the vice

president, you know, couple of weeks ago or now, president's daughter. in the same room, maybe even the same box at the olympics with the north korean leader's sister. what does she do? anything? >> i mean, on the north korean side, i think they should have reached out. if you are under this type of economic strangulation, there's only a couple ways this is going to end, neil, and we could see someday the north korean regime simply collapse, and i think that's actually the scariest international relations crisis we could ever have. they have something like 60 nuclear weapons, imagine the weapons go loose? i don't understand why kim jong-un's sister didn't tap mike pence on the shoulder and ask for a simple handshake. that would have done more to gain north korea goodwill and to try and open some sort of dialogue with the united states, because the trump administration will keep hatch ratcheting up the pressure but

the pressure can only build so far. neil: the south koreans are the ones trying to look at diplomatic initiatives, opportunities to talk. the very fact that kim jong-un's sister is there is a testament to that, whether that's a good or bad thing. do you think this is of the unintended consequence of actually hurting the united states in finding a solution to this problem because, you know, anything we do looks like we're getting in south korea's way. south korea looks like it's deliberately trying to be that wedge, i don't know, what do you think of it? >> no, i think the north/south talks are going to fail. they have the massive joint exercises that we do in february. we've delayed them until april. they are massive. over 300,000 troops, and every year the koreans want them canceled. they have threatened they're going to cancel talking. what happens here is the u.s.

and south korea go forward with the exercises and the north koreans decide to test more missiles or more nuclear weapons. bottom line, neil, we're going back to the brink in april, whatever way you want to slice it or dice it. neil: on that happy note, harry, my goodness, very good to have you again, thank you. >> thanks, neil. neil: in the meantime, there's a lot the president talked about in his remarks. for me, and i'm a little weird as some of you probably well know, it was his comment on the hair, the self-deprecating moment that seems silly, but i think it will do him some immeasurable good. i'll explain after this. [cheers] i try like hell to hide that bald spot folks, i work hard at it.

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. neil: all right, we were just talking about the markets during the break here, and betwixt and between positively betwixt liking the prospect of higher interest rates, if it means the federal reserve is indicating they're not going to go too much higher. these are the market rates over which the federal reserve has no control and can signal different things, but for now up is up, right? stocks are rallying, gerri willis on the floor of the new york stock exchange with the very latest. reporter: hey, neil, a delicate balance out, there the dow up 143, that's off the highs. the s&p up, a little more than half a point, 21.44 points. and the nasdaq composite up 85, 65 as we have stocks this afternoon. averages were mixed for the week. see how it turns out. the worst performer for the

week, telecom, take a look at stocks, verizon, comcast, at&t, up right now but down for the week. if i had to guess, you mentioned it, interest rates could be going higher, carry debt that make their debt more expensive if interest rates rise. technology up for the week, it's been a great week for the nasdaq. amazon up here, apple, microsoft, all good news there as we hone in on the stocks, they've been big performers. amazon down one day this week, it tends to go up and up and up, and apple and microsoft and the list is appearing what to buy with the markets bouncing, i guess i've informed you. anyway, neil, back to you. >> thank you very much, gerri willis on the floor of the new york stock exchange, where stocks are up about 144 points. meantime, the president, of course, is still talking up infrastructure reform proposal that will cost maybe 2$200 million up-front, maybe a trillion and a half over ten

years where, does he get the money? proposed hiking a gas tax, somewhere looking at mileage tax, maybe both. the mileage tax gotten people's attention, to michelle how a plan would work. explain the mileage tax, how would it go? >> what it is alternative tax, not a new tax it. replaces the gas tax for those individuals who are participating in our program. so when they sign up for the program, they elect to pay the permile charge instead of the gas tax. they select account options, receive a device, it plugs into the car, the device transmits mileage to account manager who calculates mileage fee and calculates their gas tax refund, puts it altogether and issues a bill or credit and the driver pays that, and the account manager sends the

revenue to the state. neil: now, there are going to be drivers, a lot of the states driving the fuel-efficient cars precisely because gas prices are getting out of whack. and i can imagine they're going to be furious, right? >> we've heard that before, but you'd be surprised. majority of drivers that have volunteered to participate in our program are in the high-mpg categories, and done a lot of focus groups and research with electric vehicle owners in oregon. we have pretty fair number of them out here, and they're actually very much in favor of this program because, well, they want good roads too. and they understand that it's important for them to be paying their fair share to contribute to the safety and efficiency of our transportation system. so they're generally in favor of it. they are participating in our program and, yes, paying a little more but not so much as to be prohibitive and they really appreciate how this is contributing to the greater good for our transportation

system. neil: remarkably selfless people, then. let me get a sense how much revenue this would raise as opposed to let's say outright hike in the gasoline tax, or would you envision a little bit of both? >> well, road charge as it's implemented would be implemented over time. you can't throw it on people at once. a gas tax increase which oregon passed this year is a good short-term way to fill in the gap of transportation funding which is declining because of fuel-efficient vehicles getting better and better goes mileage. a road charge as implemented would need to be applied to new vehicles that are a model year 2025 or older, that was a recommendation, actually of oregon last session. it got deferred because the transportation package took priority. but implementing it over time so more and more vehicles could be enrolled in the program. but as we get to a large number of vehicles participating in the program, it does start to

generate revenue and exceeds the gas tax overall. neil: we'll watch closely. michelle, thank you very much for take the time. >> my pleasure, thank you. neil: in the meantime, the president will be holding that joint news conference with his australian counterpart at 2:00 p.m. undoubtedly comments on australia's crackdown on guns, one precipitated by a mass shooting in the early 1990s that killed more than three dozen. australia pounced on that and got rid of the semiautomatic, automatic weapons, bought back a lot of guns and the australians said violence has stopped because of it. nothing like that has gone on in this country ever since. the read on that and whether the president is open to the possibility. it will likely come up. more after this.

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. neil: it's all about the rates,

fear that they might go up too much. stocks sell off, they go too much. stocks jump like today for example, adam shapiro following it all. hey, adam? reporter: hey, neil, we've got some of the federal reserve bank presidents right here in new york attending the university of chicago school of business u.s. monetary policy forum. an annual event. the key thing they're talking about what happens the next time there's a recession? would the federal reserve rely on useful tool of lowering short-term interest rates given the fact we are artificially low, we're not at zero bound as they like to say. what we keep hearing from the different federal reserve bank presidents is something investors want to pay attention to and you've been reporting already where future interest rates hikes may be. listen to what aaron rosen grand said, you might consider him a dove. he's only calling for two interest rate increases, he

said the u.s. will have low real rates for some time due to slow productivity and slow labor force growth. and he's not alone in the belief that interest rates are going to remain low for some time. you've got loretta mester from the federal reserve bank of cleveland, and saying essentially the same thing, a slowdown in labor force growth as well as productivity is leading to this kind of depressing of real interest rates. bottom line for investors, yeah, there are three interest rate hikes possibly coming this year, but much more aggressive than that, probably not. back to you. neil: all right, thank you my friend, very, very much. a rare moment for this president to laugh. not at the media, not at his opponents. at himself. take a look. okay. trust me, it was hysterical. and kind of takes my oomph away. he was making fun of his bald

spot on the back of his head and the creative ways he cover that. take a look. >> i'd rather have somebody that loves their students and wants to protect their students than somebody standing outside that doesn't know anybody and doesn't know the students and frankly, for whatever reason -- neil: all right iapologize, of course he was talking about the school shooting there. couldn't be further apart here. i want to talk, on the phone with us now is actor, comedian, radio show host, joe piscopo. joe, he took the opportunity to look at videos of himself there and to comment on his hair and the covering the bald spot. something he's never done, his critics have done it, opponents have done it, comics have done, it probably have you done it, but he has been jeered for being notoriously thin skinned but on this issue he is taking it full throttle.

i'm told, and if i'm wrong, i'm going to personally kill each of my staff members. i'm told we have the actual bite. take a look. >> what a nice picture that is, look at that. i'd love to watch that guy speak. [laughter] >> oh, boy. [cheers] i tried like hell to hide that bald spot, folks. i work hard at it. [ laughter ] >> i thought that was very funny, for different and for me very un-donald trump, the one we see, we're told doesn't like to turn the questioning or the criticism or even the laughing back at himself. what did you think of that? >> you've been staying from day one, neil. you've been saying it. john kennedy, ronald reagan, everybody had a sense of humor about himself. i talked about it on your show

how donald trump does have a sense of humor about himself there. it was. it was hysterical. and i loved that, and every guy watching could identify, neil. it was one of his best moments, truly. neil: and i think humor can shield you from a lot of problems, john kennedy famously over the fact his dad was buying him the election, yeah, but he said he wasn't going to buy me a landslide or ronald reagan, everyone else says i'm not smart enough for this job but they're not president, are they? just to sort of take the sting out of whatever charges are popular at the time. but it does resonate, doesn't it? >> it does, and it's really clear. as a matter of fact, what donald trump did, we talked about it on the radio for the last couple of days, what he did in the white house having the listening session, that showed humility. he knows the notes are looked at by the other networks and made fun of by the other, in. i'll tell you what, you and i chatted about it a lot.

when he turned around and he's watching himself and he says doesn't that look great. he draws the bald spot. i never thought he was going to go with it. this is a great sign, a great sign that president trump has a sense of humor that i've seen all those years come out. >> i wonder if he was hinting with the self-deprecating moment today, i don't know whether it was planned, i don't know whether he was going off, ripping about it, that he might go to the correspondents gala, event in washington where, reporters are endless in their attacks and zings. he didn't go last year, that upset a lot of my colleagues but might go this year? >> that's a great observation, he should, it's very, very important we stop the vitriol and the hate. started in the white house listening session, it started there. then the other network has the hate fest at that arena. everybody has a sense of humor about themselves, they have to

open up about this and come to solutions with the horrible problems that we have. i'm telling you, add the humility. you have, neil, i know you personally, you have a great sense of humor, whether you are going through a tough time, it's a way to embrace everybody. donald trump lets the press be, doesn't go after the press, maybe the press will stop going after him. i'm just saying, neil. neil: not quite convinced, my friend. you live that example, i had no other choices. my dad used to say, neil, in your case, stay humble, it will come in handy. whether you are on the left or right we fight over crazy nonsense, we're human beings at our core and people relate to us at that level, not necessarily the political level, and i think when you can turn around an argument, the media had fun not with you but his hair, for example, you all of a sudden disarm them. they don't know what to do, right? >> exactly right.

and jfk was brilliant at that. as a matter of fact, i was supposed to be in the studio but i have a horrible bald spot on my head. neil: no, you don't! >> they couldn't cover it up. let me phone it in when i put my makeup on. neil: you covered him at the time, abraham lincoln had a great sense of humor. >> that is not accurate. neil: john kennedy, ronald reagan, reagan would do a lot of stories and jokingly refer to the jelly beans, you know, in the oval office as being brain food, but in other words he knew what critics were thinking so he spouted it and didn't know what to think after that? >> and he was in surgery after being shot, ronald reagan, god bless him, and said i hope you're all republican as he goes under. it's the time to do that. and more than ever, you know what's funny, neil? i got to tell you, you are very even handed when you deliver.

that's one of the things we treasure but neil cavuto. you do it on the radio, listen, when i'm on the radio every morning on am 970, thank you very much, people want, they don't want the far left. they don't want the far right. they want to make sense down the middle and you joke about yourself, we embrace it, we're all americans, come from the greatest country on the planet earth, we are all good people. all the vitriol has to stop. when he turned around and pointed out the bald spot. it was hysterical, it was perfect. let's embrace this neil, no? neil: i hear you, like george bush junior had said if i don't laugh at myself, i fail all the people who are laughing at me right now. it can come in handy. thank you, joseph. always good having you, my friend. appreciate it. >> god bless you, neil. neil: all right, be well. this australian prime minister has a very good sense of humor.

they mix it up, he and the president. they have become fast friends. didn't start off that way. they have interesting chemistry. they're human beings, at their core. we can laugh at ourselves, at our core. you know do we really have to be 24/7 jerks? after this.

. neil: all right, at the white house right now, we're waiting for the president of the united states and his counterpart from australia, the prime minister, a joint presser. of course, a lot of that is getting attention here as to what the remedies are for stopping the violence that australia has apparently stopped since the 1990s, the mass shooting. that likely will come up. to connell mcshane. reporter: there is pressure building from the outside, and there's basically two types of pressure. shareholder pressure and some consumer pressure we're hearing more about from companies. on the shareholder side first, let's take a look at the big gun companies and trading publicly. sturm ruger and american outdoor brands to the downside. blackrock is the largest shareholder of both of these companies and going to reach out to them after the florida school shooting to understand

their response to the shooting. issue for blackrock in doing that, it can't simply sell the stocks because they're part of larger indexes. if you own an index fund, the s&p 500 index, russell 2000 index fund, whatever it may be, you expect to own all of the stocks. blackrock spokesman ed sweeney told me, given our inability to sell shares in an index, even if we disagree with management, we focus on engaging with the company, understanding how they're responding to society's expectations of them, we will be engaging with weapons manufacturers and distributors to understand their response to recent events. now the thing is what if their no response, i'm told to watch the next couple of shareholder meetings for the big companies, where a big stockholder like blackrock could exert influence. we have that. on the consumer company side we have pressure building, neil, here's a tweet from first national bank to give you an example, customer tweet caused

us to review our relationship with the nra. as a result, first national bank of omaha will not agree to contract with the national rifle association to issue the nra visa card, which they plan to do. enterprise, big car rental company, parent of enterprise and national and alamo, ending partnership with the nra that gives discounts to nra members. we've heard from a couple of other companies, the likes of symantec and met life doing the same thing, taking discount programs for nra members and doing away with them. definitely outside pressure building. neil: that kind of thing grows, to your point. connell mcshane, thank you very much, my friend. back to the wow, we're awaiting the president to have joint remarks with his australian counterpart. prime minister turnbull. a big advocate of cracking down on the number of guns out there. australia did this in the 1990s

after a mass shooting killed i think 36 people. but they're going to get into that. what australia learned from that, whether it could relate or apply to americans. to security expert paul viola on all of this. i understand the differences between our two countries, population, the approach, et cetera. but that is the australian message. do you agree with it? >> no, not necessarily, it's not applicable in the united states, neil. when you look at us, we couldn't be more apart culturally especially when it comes to the gun issue, i don't see how one applies to the other. neil: much has been made of what rick scott wants to do in florida announcing he wants to prohibit firearm sales to those under the age of 21. that's opposed to the nra, a lot of groups say that's a slippery slope, what do you think? . >> i think he's going to have a long road ahead of him if he thinks he's going to get that passed. i understand his position and

respect the governor, i don't think it's a realistic position to get that passed in the state of florida, especially when you understand how strong the nra lobby is with florida legislators. neil: we are having audio issues with you, if we have to address them, we will. i want your thoughts where all of this is going, much has been made of the fact that there has to be give and take on the issue. ralph peters, the decorated war hero has a column out in new york post advocating for ending the sale of these very advanced weapons because there's no need for hunters to have -- it never envisioned by our forefathers, if you want such weapons, join the military and they'll pail to you use them. what do you make of that? >> neil, when we take a look at the holistic picture where we're headed with the purchase and the acquisition of firearms in the united states, and who's going to be allowed to carry firearms and the legislation behind it, i firmly believe it comes down to one thing more

than anything else. and it's really the business model. it's financial side behind this. there's an awful lot of money to be made with the respect to sale of firearms in this country. legislators are put in office by the support and the backing of the nra. if we think we're going to make this quick change based on the passion of the moment, i think it's going to come down to the financial side of this. neil: this is a time when the difference is kids and the difference is a president who seems -- well, he's supportive of the nra to read the writing on the wall that something's got to be done, do you? >> i believe something has to be done. neil, look, we're in an epidemic of violence in this country, no question about it, but the one thing we keep, for some reason, we keep gravitating away from is the fact that the individual, the pedigree of the school violent shooter is the same today as 30 years ago, it's the same kid that it was in columbine. we're still not addressing,

that neil, i don't know why. we keep going back to the gun issue. i understand the gun issue is a gun issue. there's no question about it, we need to address it, my pleasure. neil: sorry for some of the audio issues, to you at home and to all obviously. we're waiting to hear from the two leaders, the dow up 151 points. we'll have more after this. . .

neil: you know a year ago the australian prime minister and president of the united states had a rocky start.

remember the president was stunned to see agreements we had made to take in some immigrants from australia that they negotiated in exchange for ours. anyway, that was then. very different environment right now. trish regan on a press conference that is moments away. hey, trish. trish: happening any minute now, thank you so much, neil. breaking today, president trump putting north korea on notice slapping the rogue nation with the largest ever set of sanctions. the president making it clear america and our allies we'll not sit by and watch this one as kim jong-un continues his nuclear antics. we expect to hear more about these sanctions and america's role in the world when the president holds a joint news conference with the prime minister of australia any minute from now. i am trish regan. happy friday. welcome, everyone, to "the intelligence report." we are keeping an eye own this market, up triple digits, gains of 167 points on the dow. seems that people are shaking