stuart: an important headline coming to us from the president's meeting with state governors in the white house. the federal government will provide funding to states to pay for school safety. on that note, with the did youdow industrials holding to a very sole literally, up 230 points, here is neil. sir. neil: thank you very much, stuart. reporter: neil, more than 70 move minute meeting between president trump and 38 governors, republican, democrat from all over the country. on camera portion wrapped up. you should get0 minutes of stay soon. my colleague john roberts was inside taking notes for all the reporters. i give you a couple john's notes. the president reiterated once again the need as he sees it, to arm teachers. some of them within the school.

at one point president trump saying only way to stop it is retribution. you will not stop it, school shootings by being kind. president has been skeptical of active shooter drills, reiterated part of that skepticism. active shooter countermeasures. the president as you know, neil, talked about wanting to raise the age of gun ownership for rifles up to 21 years old. the nra has been against this one measure. president trump said, don't worry about the nr there on our side the president quote, less

tweeting, a little more listening. was the sharp criticism from that democratic governor. we await the tape playback here. more than an hour in length. we'll get all the comments from president trump and multiple governors, republicans and democrats who spoke up in the meeting. here at the white house, neil, at least as it relates up to the supreme court, a big ruling against the administration though. it was expected. essentially the supreme court on daca saying this needs to go through the process, sending it back to the appeals court. the district courts have ruled this administration can not unwind daca bit march 5th deadline. what the supreme court essentially said, let it go to the appellate court. neil: blake, when president meets with governors, i understand an annual event, democrats and republicans do they get to be tense affairs or especially election or off election years or they just

pretty, everyone is trying to be respectful to each other? reporter: there is certain level of respect. last night when the president was addressing them at a dinner, black tie affair, he was making comments on the economy and one of presumably democratic governors as i was reading through the transcript, shed him off that message. no, no it is for real, it is for real. the bottom line is, you have got a lot of democrats in this room who are no fans of this president, and they are talking about some very tough issues. not just only guns and school safety but also infrastructure, and part of the president's economic plan going forward which is, which has received a lot of skepticism from many of these governors. neil: all right, break, thank you very, very much. look forward to hearing from the president himself when we get the pow-wow. we have former senior fbi profile mary ellen oh-toole.

he is for tightening up background checks. he wouldn't say it speaking to conservative at cpac, what rick scott wants to do, raise the age from 18 to 21. that might refer to the once used in the shooting. ar-15s and the like. what do you think of that? >> i think both options could be reasonable approaches to solving this whole issue. we have to keep in mind, that this is a very complicated and very complex issue, these school shooters. and so, two solutions are simply not enough. simply by themselves not going to work. neil: gabby, much has said this superseded all issues for immediate time being s that right? >> well i think the supreme court decision today brought the issue of immigration back into the light. certainly the white house is

focused on gun control. lawmakers on capitol hill are would -- working diligently to come to a solution to work towards preventing mass shootings from occurring. they have a lot of issues on their again today. the white house will discuss opioids this week. they will meet with governors to talk about regulations and things that impact the economy. while they are prioritizing the gun issue there are a number of issues white house and lawmakers on capitol will zero in on when they return to congress this week. neil: much is made of, mary ellen, former senior profiler of what the fbi might have missed and botched and what even local police might have missed and botched how do you feel about that? >> as a professional law enforcement person for 35 years i feel terrible bit and i think that has -- terrible about it,

that has to be priority for fbi and law enforcement and to fix the problems and make sure they never happen again. neil: gabby, they obviously want to get something done, something to show this will be different this time, some gun, combination, violence measures, school safety measures. how much progress do you think they will make? >> i think republicans are really torn on this. because they're the majority party right now it will be difficult for something coming through on capitol hill. you had rick scott say today -- neil: thank you. i'm jumping on you. i was rude. it is for a good reason. the president of the united states meeting with state governors. addressing gun issue and other issues as well. >> thank you everybody. thank you very much. i want to thank our vice president for that really lovely introduction. that was very nice, mike, and i appreciate it. this is a time of great

opportunity for our country. we created nearly 3 million jobs since the election, a number that nobody would have thought possible. you to back and take a look what they were saying just prior to the election. nobody thought it was even possible. and we've done many other things as you know, i won't go over them because i want to be hearing from you today, but many other things that frankly nobody thought possible. gdp, 3.2, 3, 3. i think we'll have another really big one coming up this current quarter. maybe a number that phobe would have thought would ever be hit but i think we'll have a very good number, because of stimulus, because of massive tax cuts that we're benefiting whether you're republican or democrat you're benefiting tremendously from those tax cuts. apple is investing 350 billion in the united states and you look at what's going on it's really quite something.

you just read a week ago exxon is now coming in with $50 billion. many, many, companies, also, something that nobody expected, they're also coming in with massive bonuses for their workers. nobody thought in terms of that. we know that everybody is going to get a lot more income and we've seen that, as of february 1st, everyone saying wow, i have an extra $2350 in my paycheck. that is pretty good stuff -- 250. we didn't know hundreds and hundreds of companies, millions and millions of people would be getting large bonuses because of what we did. one of the things we're working on is fair and reciprocal trade deals. we're not being treated fairly. you as governors are not being treated fairly. when i get too tough with the a country, you're calling oh, gee, don't do that i must say men and women in congress. congressman and senators call.

you haven't been calling too much. we have to make the deals fair. with mexico as an example, we probably loose $130 billion a. now for years i've been saying, last year-and-a-half i've been saying 71 billion but it is really not. they have a vat tax of 16% and we don't have a tax. and at some point, we have to get stronger and smarter because we can not continue to lose that kind of money with one country. we lose a lot with canada. people don't know it canada is very smooth. they have you believe it is wonderful. it is for them. not for us. it is for them. we have to start showing that we are knowing what we're doing. world trade organization, a catastrophe. china became strong.

goings for years and years. i have great respect for president xi. i'm not blaming them. i'm not blaming mexico. i'm not blaming anybody. i'm blaming us. we did a poor job for some years. i'm not just talking about president obama. talking about many, many presidents. for 30 years, 35 years, but world trade organization makes it almost impossible for us to do good business. we lose the cases. we don't have the judges. we have a minority of judges. it is almost as bad as the ninth circuit. ing nothing is as bad as the ninth circuit. daca is being put back into the ninth circuit. we tried to help it quickly. i think everybody in the room wants to help with daca but the supreme court ruled it has to to through the normal channels. it has to go back in. there won't be any surprise.

it is sad, he have single case filed in the ninth circuit, we lose, we lose. we do fine in the supreme court. what does that tell you about the court system? that is a very sad thing. daca is going back. we'll see what happens from there. so we want fair trade deals. we want reciprocal trade deals. scott walker has a wonderful company called harley-davidson in wisconsin, right? great. so when they send a motorcycle to india, as an example. they have to pay 100% tax, 100%. now the prime minister who i think is fantastic man, called me the other day, said we're lowering it to 50%. okay. so far we're getting nothing. we get nothing, he gets 50, they think they're doing us a favor. you know what i'm talking about. it's a great company. when i spoke with your chairman or the president of harley, they

weren't even asking for it because they have been ripped off with trade so long, that they were surprised that i brought it up. i'm the one that is pushing it more than they are but it's unfair. india sells us a lot of motor bikes. when they have a motorbike, a big number, a company that does a lot of business, they have a motorcycle or motor bike that comes into our country the number is zero. we get zero. they get 100%. brought down to 75, brought down now to 50. okay. i wasn't sure. he said it so beautifully. he is a beautiful man. and he said, i just want to inform you that we have reduced it to 75 but we have further reduced it 50. and i said, huh. what do i say? am i supposed to be thrilled? that is not good for you people especially as governors. it is just not right.

we have many deals like that. with all of that being said, let's talk china. because china we probably lost $504 billion last year on trade, 504 billion. i think that president xi is unique. he is helping us with north korea, who by the way wants to talk. you heard that last night. they want to talk. we also want to talk only under the right conditions, otherwise we're not talking. they have been talking for 25 years. other presidents should have solved the problem long before i got here. they have been talking for 25 years. you know what happened? nothing. the clinton administration spent billions and billions of dollars. they gave them billions. they built things for them. they went out of their way and the day after the agreement was signed they started, they continued with nuclear research. it was horrible. the bush administration did

nothing. both. the obama administration, wanted to do something. he told me it is the single biggest problem that this country has. but they didn't do anything. and would have been much easier in those days than it is now. i think most people understand that but we've been very tough with them. china has been good but they haven't been great. china has really done more probably than they have ever done because of my relationship -- we have a very good relationship but president xi is for china and i'm for the united states. and russia is behaving badly because russia is sending in what china is taking out. so china's doing pretty good numbers but russia is now sending a lot of stuff. but i think they want to see it come to an end also. i think everybody does. talking about tremendous potential loss of lives.

numbers that nobody ever even contemplated, never even thought of under they want to think. we'll see what happens. that is my attitude. but something needs to be done. i want to hear your ideas on a number of critical issues but most importantly we can't to discuss the public safety. in schools, on public safety generally. but school safety. can't have go on. governor rick scott is here. thank him for the leadership, in the aftermath of terrible tragedy in parkland florida. horrible. our nation is heartbroken. we continue to mourn the loss of so much precious innocent young lives. these are incredible people. i visited a lot of them. but we'll turn grief into action.

we don't have any action. it happens. a week goes by. let's keep talking. another week goes by. we keep talking. two months go by, all of sudden, everybody is off to the next subject. when it happens again everybody is angry, let's start talking again. we have to stop. bump stocks, i'm writing it out myself. i don't care if congress writes it out or not. i'm writing it out myself. we put it into the machine gun category. it becomes essentially a machine gun. it will be very hard to get them so we're writing out bump stocks. we have to take steps to harden our schools so they're less vulnerable to attack. this allows well-trained and certified personnel to carry concealed firearm. at some point you need volume. i don't know that a school will be able to hire 100 security guards that are armed. plus you know, i got to watch deputy sheriffs performing this

weekend. they weren't exactly medal of honor winners, all right? the way they performed was frankly disgusting. they were listen to what was going on, one in particular, he was then, he was earlier. three others that probably, a similar deal, lit bit later but a similar kind of a thing. you know i really believe, you don't know until you test it, but i really believe i would, even if i didn't have a happen, and i think most of the people in this room would have done that too, because i know most of you but the way they performed was really a disgrace. the second, we must confront the issue of mental health. here is the best example of mental health. this kid, had 39 red flags. they should have known. they did know. they didn't do anything about it. that was really a bad time. i have to tell you. nobody bigger for law

enforcement than i am. but between the people that didn't go into the school and protect those lives, the fact that this should have been solved long before it happened, pretty sad. so we have to confront the issue and we have to discuss mental health and we have to do something about it. you know in the old days we had mental institutions. you had a lot of them. you could nab somebody like this, because you know, they did. they knew he was, something was off. you had to know that. people were calling all over the place. but he used to be able to bring them into a mental institution an hopefully he gets help or whatever but he is off the streets. you can't arrest them i guess because he hasn't done anything but he is like a boiler ready to explode, right? you have to do something but you can't put them in jail i guess because he hasn't done anything. in the old days you would put them into a mental institution. we had them in new york and our

government started closing them because of cost. we're going to have to start talking about mental institutions because a lot of folks in this room closed their mental institutions. we have no halfway. we have nothing between a prison and leaving him at his house which we can't do anymore. so i think you folks have to start thinking about that. third, we have to improve our early warning response system, so when friends, families, neighbors, do warn the authorities about a violent or dangerous individual, action is taken quickly and decisively. look, you had the one mother, if you remember in connecticut, how horrible that was. she was begging, begging to take her son in and help him do something, anything, he is so dangerous and nobody really listened to her. he ended up killing her and then the rest you know what happened. it was a horror. but she was begging to do something about her own son.

recently had a grandmother that got to see the notes of her grand child and she reported them, and they nabbed him. he was ready to go into a school looked like. she reported him. there the law enforcement did a very good job. fourth, we must pursue common sense measures that protect the constitutional rights of law-abiding americans while greening guns out of the hands of those who pose a threat to themselves and to others. and fifth, we must strife to create a culture in my country that cherishes life and condemns violence and embraces dignity. with all of that, over the weekend i can not believe the press didn't find this out. i can't believe it. i think they're getting a little bit, i could never use the word lazy. you don't want to say that we don't want to give them anymore enthusiasm than they already have, but i can't believe they didn't figure this one because i had lunch with wayne laperriere,

chris cox and david lehman from the nra. i tell you they want to do something. fellows, we have to do something. it is too long, we've got to do something. we're going to do very strong background checks, very strong. we have to do background checks. if we see a sicko, i don't want him having a gun. i know there was a time when anybody could have -- i mean even if they were sick they were fighting. fellows, we can't do it anymore. there is no bigger fan of the second amendment than me and no bigger fan of the nra. these guys are great patriots and great people. they want to do something. they are going to do something. and, they're going to do it, think quickly. we don't want to have sick people the right to have a gun of the plus when we see somebody is sick like this guy, when the police went to see him, they didn't do a good job but they have restriction what is they can do. we have to give them immediate access to taking those guns away

so that they don't just leave. he sit there is with seven different. give immediate access. [applause] don't worry, you won't -- don't worry about the nra, they are on our side. half of you are afraid of the nra. there is nothing to be afraid of. if they are not with you, we have it fight them once in a while. that is okay. they are doing what they think is right. they are doing what they think is right. sometimes we'll have to be very tough and fight them. we need strong background checks. for a long period of time people resisted that. i think people are really into it. and john cornyn, great guy, senator, mitch mcconnell, paul ryan and kevin mccarthy hopefully are going to work on some legislation. i hope you guys -- they started already. in fact john has legislation in. we're going to strengthen it. we're going to make it more pertinent to with we're discussing but he already started the process. we've already started it.

and the other thing, we need hardened sites. we have to have hardened sites. so just in concluding, we have tremendous things happening. the country is doing well. and then we have a setback like this. that is so heart-wrenching, it is so heart-wrenching and we have to, we have to clean it up. we have to straighten it out. it is wonderful we're setting records on the economy. we're setting records. black unemployment at an all-time historical low. hispanic unemployment, at a historical low. women unemployment at, an 18-year low. 18 years. and actually i did very well with women during the election. nobody wants to give me credit for that, as you know. but, 8 -- i'm very proud of that. these are incredible statistics and very importantly we're doing, our companies are doing well. the fundamentals are beyond what literally, beyond what anyone

has ever seen. this isn't a bubble. there was bubbles in the past because these companies were valued and nobodied into, where's the money, where's the money. these are really strong companies we're building now. we have tremendous underlying value. i want to bring the steel industry back into our country. if that takes tariffs, let them take tariffs, okay? maybe it will cost a little bit more but we'll have jobs. let it take tariffs. i want to bring aluminum back no our country. these plants are closing or closed. recently we put a tariff on washing machines because we were getting killed, believe it or not on washing machines and solar panels. that was two months ago. tough see the activity on new plants being built for washing machines and for solar panels. we had 32 solar plants. of the 32, 30 were closed and two were on life to life

resuscitation. they were dead. now they're talking about opening up many of them, reopening plants that have been closed for a long time. we make better solar panels than china. one of the knocks were that the solar panels were lousy, they weren't good. we make a much higher quality solar panel. so after two months, we're opening up five plants and other plants are expanding on washing machines. it sounds a little hokey to say washing machines. it's a big business. it is a very big business. you look and see, i won't mention, i won't mention countries i would never do that but how many chevrolets are in the middle of berlin? how many fords are in the middle of tokyo? not too many. ford sort of closed up their

operation in japan because they couldn't get cars in there. i spoke to prime minister abe a great friend a great person. you're sending us millions of cars, if we send you one and we make it so perfect, they actually told me a case where they made this car so good, they spent a fortune. they had the best environmental, the best this, the best skins, the best everything you can have in a car, best safety. they brought it in and after inspections it lasted forever, it was rejected. you see that is a form tariff too. maybe that is more deadly form of tariff. that to me is just as deadly as 50%, and 25% and 100% in many cases. so we're going to straighten it out. we already started of the first year, we laid the seeds. a lot of it is statutory, where you can't do anything unless you go through a process. well now through our great team,

gone through the process. you do a rule, wait 90 days. that is what is happening with the bump stocks. i'm waiting with the next process. it's gone. don't worry about it, it's gone, essentially gone. you will make it so tough you won't be able to get them. you nobody will want them. bump stocks you shoot rapidly but not accurately. i don't know you heard what a bump stock does, the bullets come out fast but nobody knows where the hell they were going. nobody came too much to its defense. he was using bump stocks in las vegas, he was using bump stocks in las vegas as you know. so we're going to get rid of it. you ask questions. i will help you foles. we'll get all the things you want to do. whether it is transportation. whether it is safety. whether it is law and order. one of the things that the past administration would not do is give this incredible equipment that we have, excess military equipment, wouldn't give it to

your police. would not give it to your law enforcement. they didn't like the idea, the administration, of armored vehicles. i guess maybe they would -- you look, why wouldn't they want that? people were in danger. people were being killed. people were being shot. people being hit with rocks during some bad times in some rough places and we have given out hundreds of millions of dollars worth of our excess military equipment to your police forces. i will tell you every time i go to one of your cities, they come up to me, the police and they say, thank you so much for that equipment we feel so much safer, they go in an armored van up to a site, not being worried about being shot or hit in the head with a rock. to me it is common sense. what can i tell you. i will say this, your group really appreciates it. so with that i'm going to ask brian to say a couple of words and then we'll to around, we'll

take some questions. maybe we'll have rick scott come up second. i'm here as long as you need me. let's get it all out. we want to help the governors. we want to help our states. and we want to make our schools safe. brian, please. [applause] >> mr. president, thank you. and i truly appreciate you. i appreciate all the members of the cabinet. on behalf of all the governors i want to thank you for your hospitality and first lady's hospitality yesterday evening t was extraordinary night and truly a privilege to be able to visit and enjoy fellowship. mr. president, i appreciate again your having us all today. we can talk about issues with regard to infrastructure, workforce development, combating opioids.

prison reform, agriculture, healthcare, workforce, all these different issues. those are things we all need to talk about but the issue of the day is school safety, is public safety, mr. president. you know i shared this last night, mr. president, after the massacre in las vegas, the mass shooting, where we lost 58 people over 500 people were injured, this was a person who used those bump stocks and i personally want to thank you for taking action to eliminate those because essentially was a killing field down there where we had 20,000 people who were simply helpless. and that is a important first step. you mentioned in your remarks school safety and public safety and we need to have this national conversation with regard to what we're going to do. i suppose you were looking for some suggestions, some ideas and it will come in the form of questions as well but i would

suggest that, mr. president, with regard to the scope of the fbi background checks, if we could broaden those, mr. president. i know in my state, our background checks are much broader. when we do an fbi background check it does not include adjudication of mental illness. it does not include ajudication of domestic violence protection order or conviction for domestic violence. those are things that absolutely need to be included and there are other categories would be included in an expansion of fbi background checks. we talked about at this with dinner with governor scott. my heart goes out to you and to the victims in florida and texas and everywhere elsewhere this has happened. we need to have this national conversation. we need to bring the strength, the wisdom of all the governors, everyone else across the country to have this conversation. something else we've done in nevada with regard to school safety, i included in my budget,

more money for social workers in the schools. we had shootings where we had bullied students that didn't have access to resources at the schools. we have a social worker in every school. we talked about that, mr. president, last night and that is something else we can do. but, again, having a room together like this, there is no problem that we can not solve everyone of us brings unique experience we can come to solve this problem. you're right mr. president, it it -- as a parent of a daughter who attends a middle school, there was simply a rumor something could happen, one day later, half the school was absent. we can't have parents living in fear. we can't have students living in fear. they can't teach. the kids can't learn. and it is just no way for this, our education system to operate. so i know that i'm going to offer my experience to you, mr. president. i think i can speak for all the

governors of the united states of america, that we are here to solve this problem once and for all. you were right, we need to take action now. the status quo is unacceptable. so with that, god bless you, mr. president, god bless our great country. thank you. [applause] >> well the first thing i want to do, thank the president for, for making stuff that happen. all of us as governors know, in jobs we've had you have to get something done. if you, anybody that has gone through one of these and, you have gone to the funeral of a 14-year-old girl that, parents just loved her, you know that you have to make a change. so what we've done in the last, i guess it is a little less than two weeks we looked at what other governors have done.

we have brought people together. i'm very appreciative what the president's done bringing us all together to talk about this and also what he did last week by bringing people together because it created a momentum to make sure something happens this time. so we don't go through this and nothing happens. the way i have done this, broken down into three things. number one, we're going to have school safety. no parents in our state will say i'm concerned whether my child can go to school safely. if you go to school in florida you will know your child comes home safely. if you're a teacher that works at one of these schools, you will come home safely. we'll spend $500 million. i have two weeks left in my session. i'm not waiting for the federal government. we'll invest a hundred million dollars. we'll have significant law enforcement presence in every public school in our state. we're investing dollars in hardening our schools. we'll invest a lot more state

dollars, any local dollars go to capital outlay for the school districtss first thing the dollars have to be spent on is school hardening the most important thing we can do to harden these schools. so we're going to do it. by the way it is going to happen, our sheriffs will oversee how the money is spent. to make sure the money is spent the right way. there will be a plan annually. the money will be spent the right way. mental illness, we'll have mental health counselors in all of our schools, so every student can meet with a mental health counselor as often as they want. we'll do it. we'll have threat assessment teams. virginia did that after their shooting. we'll have that in all of our schools. children, families, juvenile justice, teachers, principals, local law enforcement, what are the threat assessments in our schools. we'll do that. we'll invest more dollars in mental health in children and

family's program. we'll invest dollars around the state for people to help them. you in florida will not have access to a gun if you're struggling with mental illness, or making violent threats. not have access to our gun in our state. you shouldn't have access to a gun and you're not. we'll do, we'll have a violence threat restraining order that a family member, a mental health individual, can to to the court system, there will be do process. they will make sure you don't have access to a gun if you have been involuntarily committed because you are a threat to yourself or others you will not have access to a gun. you will have to give the guns up. there will be due process. we'll make sure that doesn't happen. we'll do background checks and we'll make sure we know who has the guns. in our state we'll get all this done.

i want to the get done in the next two weeks. i've been talking to my legislative leadership every day. they're committed to be a partner. but in florida i want to make sure every parent knows that their child is going to come home safe and sound every day. thank you, mr. president. [applause] >> thank you, brian. thank you very much you've done as chairman. it might be easier to pass this around. >> thank you, mr. president. like you i believe, that the local officials have inside into what each school needs to safety. as i mentioned to this group earlier, mr. president. give our local folks a list of things to do quickly, like limit the number of entrances that

school has to enter the building. equip every child above a sixth grade with chip activated card to enter that entrance. also, you can consider putting in a metal detector at one or two or three entrances, since you're limiting number of entrances. also a surveillance system. that surveillance system can be tied to the virtual alabama visual center at the education department so it's instant information all at the same time. certainly training in mental health situations is fine but for the immediate, i just think we need to give some guidance to our local people, limit the accesses to entrances and equipped with surveillance system, metal detectors, whatever they choose to do. where is the money coming from? they have got some local money, but in our state budget there has been a technology fund. a senator and i are working. he introduced the bill last week to be able to free up some of

that money for use by the, for public schools safety. so these are not costly things. but they are things that can be done immediately to improve school safety. >> that's right. thank you. thank you very much. thank you very much, kay. how about going around the room. anybody has some great ideas or suggestions? governor? >> thank you, mr. president. -- state of washington. we have a program called the extreme risk protection order system that has been supremely effective allowing family members that realize there is a risk to have them separateed from their firearm. involves a judicial decision and involve as hearing. it has saved lives i'm sure in the state of washington. i would commend it to you for national attention because it makes sure when you have an uncle that might be, you have concern about depression, it

allows law enforcement to separate your uncle, depressed uncle from his firearm. >> right. >> if you have somebody in your family that might have violent tendencies, after a hearing, potential ex-part day order to remove them. i come meant it to you. i know you have suggested arming our teachers. >> no, not your teachers. arming a small portion that are very gun adept that truly no how to handle it. i do feel, governor, very important, gun-free zone. you have a gun-free zone, like invitation for these very sick people to go there. i do think there has to be son form of major retaliation if they're able to enter a school. and if that happens, you're not going to have any problems anymore because they're never going to the school. you are never going to have a problem. it would be a very small group of people that are very

gun-adept, go ahead, governor. >> if i may respond to that, whatever percent it is i heard one time you suggested at 20%. whatever percentage it is as a grandfather, speaking to the as governor of state of washington, i have listened to the people affected by that i listened to the biology teachers that don't want to do that by any percentage. i listen to the first grade teachers that don't want pistol-packing first grade teachers. i listened to law enforcement don't have to train teachers as law enforcement agencies which takes six months. this is circumstance where we need to listen, that educators should educate, and they should not be foisted upon this responsibility of packing heat in first grade classes. now i understand you have suggested this and we suggest things and sometimes then we listen to people about it, maybe they don't look so good a little later. i just suggest we need a little less tweeting here, a little more listening and let's take that off the table and move forward. >> thank you very much. you know, we have a number of

states right now that do that. and i think with that in mind i will call on greg abbott, great governor of texas. greg? right here. do you have it? >> sure. texas authorized schools to adopt policies to implement a school marshall program where individuals would be trained to have a weapon, to be able to use that weapon. >> right. >> and we now have, well over 100 school districts in the state of texas where teachers or other people who work in the school do carry a weapon and are trained to be able to respond to an attack that occurs. now it is not always a school teacher. it could be a coach. it could be an administrator. it could be anybody who works in that school but it is a well-thought-out program with a

lot of training in advance. and candidly some school districts, they promote it because they will have signs out front, a warning sign, that be aware, there are armed personnel on campus, warning anybody coming on there that they, if they attempt to cause any harm they will be in trouble. >> well i think that is great. essentially what you're saying is when a sick individual comes into that school, they can expect major trouble, right? major trouble. bullets will be going toward him also. and, i think that is great. you know what is going to happen? nobody is going into that school, greg. that is a big difference. that was really well--said, thank you very much. anybody? governors are so quiet, i can't believe it.

>> mr. president -- >> so well based today. i can't believe this. >> we'll start acting up soon. [laughter]. mr. president, i just want to say that in arkansas, we have a very similar similar situation or program that what greg described in texas. i have a belief no teacher should be compelled, most of them want to teach, and focus on that. others are concerned about their students and have training and specific capacity as you have described. so we have licensed certain school districts, and those who want to. so they can be trained more specifically and have in case of active shoer situations. some schools can't afford a resource officer, they prefer to have a classroom or assistant coach or someone with a response

capability. so that is the key thing. that flexibility i think what the positives want to say, that it can't be necessarily a national security plan but the states can develop this. we did make recommendations back in 2012 in reference to federal grants. some of the biggest expense is training. some of the biggest expense will be hardening of our schools as governor ivy suggested. i hope the department of homeland security, in looking at some of the grants that come from dhs in terms of security fighting terrorists some is used by local jurisdictions as well, protection of number one priority of protecting our students and our schools. >> yes, governor, you know how well we're doing. it is a never-ending quest but with respect to ms-13 and these people are really causing havoc in certain communities and with schoolchildren and people

walking home from school, what is going on. we're moving them out by the thousands. we have to get immigration laws to allow to us do what they have to be able to do. they are so soft. no country in the world has immigration laws so soft like we do. that is a part of it. i appreciate what you said. thank you very much, governor. paul? >> i would ask that -- address the congress and ask that they look at the hipaa laws, particularly with mental illness because we need help from the federal government to loosen up the laws so we can do truly good background checks on people. >> good. that is what we're going to be doing. as you know, paul, we're really have the support of the nra having so do with background checks, very strong background checks. and a very heavy section on mental health. far difficult than what we've had in the past. thank you, paul. yes, ma'am, yes? >> thank you, mr. president, for allowing us governors to visit

today and give our perspectives as each of our states are different. this is not something we were engaged before with previous administrations. i do see there is a huge pool of retired law enforcement officers where municipalities and they have invested a lot of money into training them. now they're retired. often because they are receiving a public retirement, they can not go back into that similar kind of retirement plan. if they go into an educational plan, they can actually work for a school, be trained. the school doesn't have to train them. but also they can learn to figure out where cameras and different security pieces need to be implemented within the schools because of their experience and training. and so this is a pool of folks that we can immediately put out without having to a great amount

of dollars and our school and our school personnel will be safe. >> well-said. if you have a teacher or a coach or somebody very adept, only adept, a lot of people don't have anything to do, they don't know what it looks like only adept at weaponry and guns. only a small number. you don't knee that many. we all learned last week a man properly armed, standing outside, probably afraid to go in, now turns out there were probably four of them. they don't love the students. they don't know the students. they love the students, teachers and they want to protect the students. the other thing is cost. the school in florida was so large, rick, such a big school, you would need 100, 150 guards, you would need a lot of guards to have that building properly manned. ing doing like your suggesting,

many people in this room agree, with costs nothing. would i give a bonus, to every coach, teachers, going through training. they go through a strong, strenuous training. i would like to give them a bonus. say you gave them 1000-dollar bonus for the year. have 50 or 60 of them in the school, compare to paying 40, 50, $60,000 each. where are the schools going to get that kind of money? somebody suggested last night we'll harden the doors. we'll make it impossible to get in. that is good, except in one instance. if the killer gets in and closes the doors and you can't get into the school, never thought of that. don't forget, i was in the real estate business. when you harden those schools, you will not get in. but if they get in, then you're not getting in. law enforcement is not getting in. somebody said we have something we're working on. wait until you see the cost of these things. smoke fills into the school.

smoke fills the school. a guy standing there with a weapon. getting crazy because there is smoke. he will shoot endlessly. he will go nuts. this is another plan, a new one, i'm sure put out by a company that wants to make a lot of money. smoke will fill the room, fill hallways, that will not help. law enforcement fight through the smoke, they will not know what they're shooting. that is serious plan. i think i talked the particular person out of it. the harden, you harden, cost to your schools and communities and federal government will be astronomical, when you start putting in main doors, closing other doors, changing hallways around. you're talking about hundreds and hundreds of billions of dollars and can do it for nothing. you and myself and our great governor from texas and others, i think nine states do it that

way. they're thrilled, they're thrilled. and you know what it says, come on in folks come on in. they don't want to come in. look at the guy cruz. leaves with the students. he tried to sneak away. the one policeman that did a good job caught him couple communities away. wasn't even in that community. i know all those communities. sort of far away. he said that is the guy i think that maybe did it, based on the description. he went out and he got him. now they would have gotten name way i guess, but who knows how much more damage would have been inflicted? he did a great job. law enforcement is great. we all learned something, peterson standing outside of the school. he wanted no part of it. he heard the power and probably the screaming and but let's and i wanted no part of it. then three other guys came to help. they wanted no part of it. at that was a terrible, terrible

job. the only worse job is that they didn't nab this guy early because you had 39 red flags. that was a worse job. i think we learned a lot. if you don't have retribution and doesn't do something serious to the guys when they walk, you will have this all the time. they have to know, they walk in, they will probably end up dead. if they know they will end up dead, they're not going into that school. question? yes, matt? >> i don't beg to differ with most of what was said here. most of what we're talking about are things that are costly, have monetary cost. i do think it is important for us to start at every level with your office, with our respective offices as well, to seize the bully pulpits we have, to talk about the culture in this society. i would challenge those in the media who would want to mock and ridicule this, would wan to say

that anybody who advocates for this, to find some fault in that person as a reason why that person should not be the one advocating for a higher level of moral authority or higher more rays. to think tries these are your children and grandchildren. we mock and ridicule the very foundational principles this nation was founded upon, treat people the way you want to be treated, you respect the digs knit of human life and respect of women and children who we increasingly did he graded in our society. this culture of death is becoming pervasive. if it is not addressed by all the imperfect people in this room with a sense of purpose and sense ofs is per race, i think we will see a continued trajectory not good. many things have not changed. there have always been guns and there were fewer restrictions. there have always been guns in hopes and fewer rules. it isn't to say that these rules and restrictions are necessarily

bad but what has changed what we do or don't do as it relates to acknowledging the value and dignity of every human life, and when you couple that with the number of psychiatric drugs that are increasingly systemic and that have very severe warnings associated with them related to depression and suicidal thoughts, you put all of these things in a mess, no one among us is bold enough or willing to step up and challenge the fact that this is a problem? this is why it goes unchecked. i would call on you sir, as i'm calling on my fellow governors and myself, to size opportunities we have to call america to higher action as it relates to our morays. >> thank you, matt. that is why we're here. i don't know if it is going to be mentioned. you look at videos, they're vicious. you look at some of these videos. i don't know what this does to a young kid's mind. growing up and forming, looking

at videos where people are being blown away left and right. internet, movies. you look at these movies out today, i just see by commercial little of craziness and viciousness in the movies. i think we have to look at that too. maybe we have to put a rating system on that. they have a rating system for other subjects. maybe we have to do a rating system for that. but it has to have impact. it doesn't take many minds. it is 1% or less, that is a lot. that is all it takes. takes one person to do tremendous damage. something we have to look at also. question, yes, governor? >> mr. president, again thank you for having us. i approach this certainly as a governor. i approach it as a gun owner, a 11-year-old son got his first deer this past tall. >> he is a good boy. >> i approach it as a victim. shot and killed 11-year-old on a playground. i approach it as a parent, with

three young kids saying, just like every other parent, i think sometimes the language that we use can help define some things that certainly understand the idea of hardening schools, but that seems like we're hardening potential military targets. i think we as leaders need to be saying we're going to be doing everything we can to make that school safe for the kids. i think that there are steps, and many of them you began to reference, that we could take that could make a difference. if we could look at this as a public health issue. you mentioned the nix system. we can improve the instant check system. and we also know about a quarter of the guns that are sold don't even get boo that system. -- into that system. so a universal background check. we know that 10% of our homicides each year are in intimate relationships. so the orders of protection, making sure that's in nix.

as governor scott mentioned, red flag laws, making sure that law enforcement and families have a way still using due process to actually remove guns from people that might be that imminent threat. >> right. >> i applaud you on bump stocks. that's one of those things that there is no other reason. and we could certainly look at the higher magazine capacity as well as one of those things that you probably don't need. and i encourage you, as you go on the path of looking at what you can do in schools, i used to be attorney general and ran the law enforcement academy too and graduate these peace officers each and every year. i want to make sure if somebody is armed in a school, that they have that training, that we know that he or she, it's much more -- as i think you recognized -- than just carrying concealed, that they have that training that i as a parent can say that this person under pressure will know what to do with a firearm before we start introducing the firearms into

our schools. i think we're at a unique, hopefully, we're at a unique moment where certainly as i said, you know, 43 times since i've been governor i've been asked to lower the flags, 12 of them for mass shootings in the last five years. it's almost on the one hand to the point that we're getting desensitized, but on the other hand here is a moment where everybody's talking, where we can hopefully start saying what could actually meaningfully impact this not just for today, but for the future. so thank you so much, and i hope -- >> thank you, governor. >> -- that those areas you'll certainly take both the bully pulpit and the leadership in congress. >> thank you very much. great points. it was great being with you last night. you mentioned two words, under pressure. and a lot of people never really know what that means because, you know, they train their whole life. look at peterson. look what he did in broward where he thought he was probably a brave guy, but he wasn't a brave guy under pressure.

he choked and other people choked. a lot of people choked in that case. and we have to have people trained, we have to, you know, you have to have some kind of a budget where it works. when many of the governors happened to, you know, like the idea of trained people within schools, but the press has to get the word out honestly. for instance, i went through a very detailed could be 10%, could be 5%, could be 20%, these are really gun-adept people. very few people would qualify. on top of being gun adept, they have to go to school, and they have to learn and, you know, maybe there'll be a bonus given to those people or maybe there should be, frankly, because they should go on a yearly basis to school. they start with training and then they have additional training every year, and i think they should get a bonus. but it's a very small amount of money compared to what it would cost. i think it would be very effective. but when the press covered it, the headline was trump wants all teachers to have guns. i don't want teachers to have

guns, i want highly trained people that have a natural talent like hitting a baseball or hitting a golf ball or putting. how come some people always make the four-footer, and some people under pressure can't even take their club back, right? some people can't take their club back. and you don't know what it is, those words are, you know, those words are hard to train for, but you want to have the number of people where people know they're going to be -- the bad guy has to understand that there's a big price to pay when they mess around with our students. you can't just say, oh, we're going to, you know, harden our schools, we're going to blow smoke into the rooms, we're going to do all this stuff that is not going to work. you have to let people know that they're going to suffer the ultimate price. and you know what? and i said it before, you're not going to have incidents, they're not going to do it because they're innately cowards. but i love what you said.

i agree very much with what you said. question, governor? phil? >> mr. president, october the 1st of 1997 luke wordham, 16-year-old student came into high school in pearl, mississippi, after he had plunge generalled his mother -- bludgeoned his mother, came in to school shooting. a vice principal went to his vehicle, ref resteved his '-- retrieved his .45 and stopped that shooter before he could kill other children. when i heard you speak of your idea, that was the concept i believed in. find that army reserve vice principal, give him the training he necessarily needs, arm him and stop this madness. >> thank you. >> thank you, sir. >> many of these people are teachers too. they're retired. they're 20 years in the marines. they can handle a weapon, world class. they don't even need the

training, but they could get it anyway. everybody should've very strong training -- should have very strong train. you have many like general kelly standing back there. i'd like him to be a teacher, if he happened to be carrying concealed, i'd feel very good about that. that, to me, is better -- and don't forget the other thing, phil, they're on the site. they're not outside, they're not 20 minutes away in a police station where an alarm rings, and by the time they get there, they don't know the school, these people know everything intimately. i think it works. look, i've been watching this for -- i've only been doing this for two and a half years. after that i was a civilian, and i had a nice life. i had a very easy, nice, beautiful life. i actually got great press. i was the king of getting good press, governor, you know what? [laughter] it was only when i did in that i got bad press. [laughter] but you know what? i've been watching this, folks, from a different slant. many of you, most of you have been politicians for a long

time. i've been watching you, i've been watching everybody for 30 or years, i've been watching this situation. nothing's done. it's the same thing. nothing's done. they have a meeting, they all go home, two weeks later it's a little bit sadly, and i hate to say it other than the parents who are so devastated and the families that are so badly affected and the people that were hit, you know, nobody ever talks about the wounded. they talk about the 17 dead, but, you know, i saw people that were so, rick, so seriously wounded, nobody ever talks. the maniac on the west side highway that ran over eight people, they keep saying he killed eight people. he just took, essentially, a park. it's like a beautiful stretch along the hudson river that i know so well. he's going down 80 miles an hour down the west side highway, and he said, hey, look at those people. i'm going to turn, and he killed eight people. what they don't talk about are the 14 people that were devastated. they go to put themselves in

shape and to work out, and they're very proud, and they end up missing a leg and missing an arm or missing two legs and an arm. and nobody ever talks about those people. they talk about the people, obviously, that died. they don't talk about the people that are so devastated. and you have that, you have many people. i saw a lot of those people. you know, hopefully they're going to be okay after a long time in rehab. but a lot of them won't be. and we've got to remember them too. those people are great people. we've got to remember them too. okay, how about one or two more. yes, governor. >> again, thank you. i've enjoyed hearing from my fellow colleagues of what's going on in their respective states. and it reminds me this is a very complex issue. there is no simple solution. unfortunately, for us. i think there's roles to play for the federal government, some

of the things you're proposing, but i think most of the solutions come from the states. we have some states are doing things with arming personnel inside the school system that they seem to think is working well. i know i'm working with my legislature as recently as last night in talking about what is the cost for education, what is the cost. you're a businessman -- >> report that's right finish. >> -- to do business. it's going to be an additional cost. that's the result of society today. how we got to this kind of society, governor bev vin and some of the things that are desensitizing our children, the challenge of life today and its complexities, who knows? but i do believe this, each state is going to have to find their own way based on their own culture, based on their own politics, based on their own unique demographics, and we'll learn from each other. we'll find what works, and we'll

homogenize probably together. but the states, these little pilot programs, that's the beauty of our concept of federalism and these states out there finding solutions to the problems that ail the people. this is the problem of today. safety in our schools. i look to learn from all of you as we try our own way in utah to find a solution to this critical and timely issue. >> thank you, governor, i appreciate it. you said is something very important. the states can do these various programs without the federal government also. and we're there to help, and we'll help monetarily which is very important because a lot of the school budgets especially, they don't have the money. i mean, where are they going to get the money to put a hundred guards into the school in parkland? very tough, it's a tough situation. but the federal government can help out. but a lot of these solutions that we talk about whether you agree with me or you agree with somebody else, you can do them pretty much by yourselves within your state.

like our great governor of texas, greg. we have an attitude on retribution. because i say the only way you stop it is retribution. i don't think you're going to stop it by being kind. i don't think you're going to stop it at all. you're going to have problems. but if a state feels that way, i say you have to go and you have to do what you have to do. i guess we have nine states that are doing what you're doing, greg, at least nine. and some are coming, and they're coming fast. but the states can do a lot of this work themselves. they can do most of it. and we'll back you up, regardless of what you want to do. if you agree or disagree with the state of texas and other states that do it differently, i think that's fine. just go and do do it yourself. we will be there to help you no matter what your solution is. but this is largely a state issue in terms of that school security. and in many cases, it's a local issue. you know, many cases you don't

even need approval from the state. you can go in as a school district and do what you have to do for the safety of your children. so my attitude is get it done and get it done properly. it is an honor to be with you, so many friends, and we're going to see you a little bit later. but i think this was a really great meeting and, brian, i want to thank you very much, thank you very much. fantastic job. thank you. thank you very much. i appreciate it very much, i'll see you in a little while. thank you. thank you. [applause] neil: you have been watching an unusual con fab of governors from around the nation, democrat and republican, almost evenly proportional, the president detailing action he would take on his own, for example, on those bump stocks used in the

las vegas attack, that he would act on that alone regardless of congress by way of, presumably, an executive order that wouldn't necessarily stick longer term, but the president making it clear time's wasting. this has been going on for quite some time, and it's got to stop is. calling on governors to come up with a plan and sort of, a plan of action beyond what they want to do in each of their states and districts, but manager that would stick this -- something that would stick this time and make our schools safer. among his more controversial proposals has been this idea of arming teachers. the president has said that he just wants to arm those who would be predisposed to do so and would be eager to do so. what kind of a percentage that would be and how they would be paid, how they would be trained assuming some gun knowledge is anyone's guess. we've been following that, and some of the headway made in that meeting because in these divisive times, this was not a divisive issue about protecting kids. the means which we go about it was. but the fact of the matter is

the dow is up about 340 points here, in and out of session highs. lot of that has to do on the belief that at least in this area they might be able to find some common ground. the comeback in a lot of so-called bank stocks, the technology stocks that led the rally up and then got pummeled, most of them are at or near the levels they were before the meltdown. we're going to into this with former congresswoman nan hayworth and john busby. the president is talking in broad schematics here, that he'd like to work with them. but they are divided, democrats and republicans, by and large, on how to go about it. >> yeah. neil: where do you see this going? >> it's interesting, because no matter what your politics are on president trump, he sits in a very unusual position which is that he has the support of the nra, and he is now talking about this issue. in other words, he has the opportunity to bridge between

democrats and republicans. neil: i liked how he said the nra's on our side, you know? >> yeah, fends on your view of that -- fends on your view of -- depends on your view of this. jerry seib has an article about this in today's journal, that he has this opportunity if he wishes to pursue an incrediblity divisive issue because he has the standing in the republican party on this issue, and there are democrats that are very interested in brokering some kind of change in our gun laws. now whether or not that happens in an election year -- neil: yeah. >> -- incredibly divisive issue, we're less than nine months out from the midterms, whether or not that happens in an election year is a big question mark. neil: you know, the only surprise, and maybe you said this before, nan, when he talked about bump stocks, i'll just do this on my own. >> yeah. neil: i've never heard that. now, do you envision a situation where he's not making much progress with these, with governors, with the, you know,

in congress that he just acts unilaterally, and they argue it out in the courts? >> the republicans in the house, of course, would be the biggest block. but he is, you know, i agree with you, john, he's using the bully pulpit, and he is in a position to provide moral guy dance on this. in fact, the nra after the las vegas massacre did endorse legal restrictions on bump stocks. so the president's actually on pretty safe -- neil: then how did that fall apart? it looked like there was universal support for it. >> yeah. i think, you know, once -- because there are so many issues involved in these god awful, dreadful situations, and really, you know, thinking back to our own school days -- we're all about the same age -- we didn't think about these hideous school shooting events. although access to firearms clearly is a problem, but they have to do with the larger issues of societal

disintegration. children who need guidance in families that have failed, enormous burdens on our social welfare system and mental illness -- neil: it's the mental illness that stucks in a lot of people's craw because they immediately start saying, mr. president, with these restrictions you would put on those who you don't think should get guns, where does it end? privacy advocates go nuts on this. so where do you see this going this year, john? is it difficult, impossible this year? >> bump stocks is an easy issue. >> right. neil: you would think. >> it's an easy issue because it's an ancillary one. it was a factor in the las vegas shooting, it was not a factor in the florida -- neil: whatever happened? it looked like everyone was in agreement on that. >> so maybe it gets reinvigorated and you see that be the resolution, that be the deliverable by the president. it's not going to be a major factor in gun violence in the united states. neil: but what about the twin sacrifice he expected both parties to make without saying it? >> right.

neil: i'm going to get the nra on some of these issues, i -- we also have to address violet games and programming -- violent games and programming -- >> first amendment, second amendment. neil: right, for democrats too. >> yeah. neil: right? >> well, i think, look, i think we can all agree and i think we can get broad consensus on this beyond bump stocks which may be slightly tricky, although i think that can be done. fix nix, fix the information database, the identification database, the background check system. there's a bipartisan bill now in the senate between cornyn and heitkamp, senator cornyn and senator heitkamp, that probably could pass the senate, and i think -- neil: move on this to say we have of to offer more than prayers and all was a significant development, wasn't it? >> yeah. and the students rallying and keeping this issue kind of vibrant -- >> right. >> some of the boycotts against

companies has also sort of drawn the -- neil: these companies that are distancing themselves from the nra. >> that had somehow offered discount toss the nra like united airlines saying we're not going to do that anymore. neil: right, right. >> there's sill some fairly difficult trade-offs that are being asked for. so, yes, there's an effort to raise the age limit for when you can buy some of these weapons, but the trade-off is, hey, we want one state's permission for open-carry to a apply to all of -- >> across space. >> which is, one, going to run afoul of states' rights issues, and the other is going to run afoul of those who don't like the notion of open-carry to begin with. so this remains a loggerheads debate in an election year. >> if i could just clarify on reciprocity, what that means is if a state allows open-carry, they will allow another state's to be honored in that state. it's not license to open carry in a non-open carry state.

neil: they are talking. of course, they've talked in the past, this kind of venue we've seen repeatedly, but to john's point about the kids involved, that's a game-changer. that's something that's unprecedented. so maybe, maybe something, progress is made here, but it's well too soon to tell. we'll have a lot more on this and the fallout from those arguing on both sides how far the government can to. meanwhile, a look at the ten-year note, it was flirting very close to 3% last week, well under that right now, and stocks are racing ahead. we'll have more on what connects those two developments after this. ♪ ♪ mom, dad, can we talk?

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>> don't worry about the nra, theyn our side. half of you are so afraid of the nra. there's nothing to be afraid of. and you know what? if they're not with you, we have to fight them every once in a while, that's okay. they're doing what they think is right. i will tell you, they are doing what they think is right. but sometimes we're going to have to be tough, and we're going to have to fight them. neil: all right. the president seems to be willing to challenge the nra on a lot of issues that have come up since the florida school shooting, to michigan congressman dan -- [inaudible] what did you think of that? >> well, i think the president's absolutely right. i will say, the president says a lot of things. i'll be anxious to see what that

means, what it translates to. but when he says something i agree with, i'm obligated to say amen. and what he said is what i would think would make a difference in the debates that take place in congress. it certainly would have made a difference with my bump stock bill, i was listening -- neil: what happened with that, congressman? that seemed to have near unanimous sport, -- unanimous support, and i don't even know what killed it. >> well, i think the president's comments are right on point. it was the nra who said, no. they did not want congress to act on bump stocks. i had a bill that i did with three other members of congress, two democrats, two republicans. we don't agree on everything, but we agreed on that. we sat down literally in my office and worked out language that was reasonable, and we thought we had -- people on both sides of the issue ready to go including the nra, but right after we introduced it they said, no, we don't want congress -- neil: well, i had a representative of the nra, and

i'm probably not getting all the details right, there were attachments that it found and maybe others found unacceptable. i don't know where the truth is, but i thought if you can't get a slam dunk like that one, then how is the president going to be able to look at raising the age at which certain people can get their hands on these guns or even stricter background checks? >> yeah, i agree. and i think it would send a message that that there are thie can agree on, and maybe that would provide the momentum this place needs to actually roll up our sleeves and just solve these problems. you know, the bump stock issue, obviously, is not a pervasive problem, but had this been on the books before, it would have saved lives in las vegas. we ought to do the things that we know can make a difference. you know, i understand that there was some pushback. the bill that we wrote was real simple. it just said that if a machine gun can't be bought and sold in the united states, then any device that turns a semiautomatic weapon into a machine gun should be treated the same way.

and for whatever reason, i don't think they wanted to see any momentum around a gun law, and it lost the opportunity to do something that really made a lot of sense. neil: yeah, it did seem like, you know, an easy gimme there. but to your point, i guess, nothing is easy in washington. i did want to touch on something quickly before we go, sir, and that is both sides, democrats and republicans, give ground to constituents that are important to them. you're talking about the nra with republicans, challenging them on age at which you can get a weapon or stricter background checks, then the president threw out as he has prior this idea that we have a lot of violent video games and movies and that's the hollywood community endeared to democrats. do you think there is ground there for both sides to go after their sacred cows? >> i sure think so. i mean, i agree that the kind of imagery that is presented to kids in this country actually creates a more violent society, and we ought to be willing to do something about that.

as democrats, we have to be willing to say, you know, i understand that there's a different point of view on this, but we have a job to do here. and the same is true of my republican friends. we have a job to do here. what the nra says or what hollywood says might be interesting, might be helpful, but neither of those interests should have a veto over the responsibilities that we have to do our job. sometimes being a leader means you have to disappoint your own supporters once in a while, and i think this is the moment where that may have to be the case. neil: are you sure you're a united states congressman and work in washington? [laughter] sir, very good to have you. thank you very much. very common sense ideas, i appreciate it. >> thank you. neil: it's possible, folks, it is possible. meantime, do you have a portfolio that's been beaten up with the correction and coming back right now? do you borrow a lot to buy your stocks? well, those margin loans as they're called, you know, that's a ticking time bomb. we've warned you about it, spelled it out, said how it can

fuel an even bigger selloff when you get really, really close. now we've got numbers to put to paper. scary numbers. yeah, in the mid old of a big -- middle of a big rally. after this. ♪ helping the new new york rise higher than ever. as the world leader in unmanned aerial systems, we're attracting the world's best talent to central new york. and turning the airport into a first-class transportation hub. all while growing urban areas into vibrant places to live and work. across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov.

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>> welcome back to "cavuto coast to coast," i'm nicole petallides live on the floor of the new york stock exchange. the dow jones industrial average not too far off the session highs, up 360 points at this time, tacking on to friday's big gains of roughly 350 points as well. there seems to be less fear concerns about inflation and interest rates. we are also waiting to hear from federal reserve chairman powell this week, the testimony before the house financial services committee, that'll be tomorrow. watching the ten-year bond yield slipping back once again, so that's been three days in a row s. and technology and telecom are doing very well today. amazon and netflix are hitting some new all-time highs as well as some of the dow components,

but amazon -- after crassing 1500 -- is hitting a new record, 152 22. and last but not least, a tough one will be general electric saying they have to look back at the last two years to redo accounting there. that stock is down about 1.1% but did move to lowest levels since 2010. back to you now. neil: all right, nicole, thank you very much. man, oh, man, we were so close. that downdraft where we corrected more than 10%, and in some cases more, about a fifth of the s&p 500 stocks were in a bear market, a lot of margin call cans, a lot of people who buy stock based on the value, the margin, spread, if you will, they were very close to either having to sell stock, pour more cash in and it could feed on itself. it's happened in prior market selloffs, and we're getting details just how really on the hook a lot of investors are with just a slight turn of markets.

charlie gasparino, connell mcshane here. com, that's a big worry, isn't it? >> the journal article over the weekend, one guy in canada had a million bucks canadian in the market, and he lost 600 grand. the dollars not far off, but the point was he thought and made this assumption there was no -- and this sounds familiar, right? going backing to '08 or any other time, that there was no direction the market could go but up. so he was leveredded to whatever on margin, and the overall number has been in the record for some time, and now it's over $640 billion. neil: a lot of it has to do with just the value of the market itself, but having said that, do you recommend, charlie, when you talk to people -- and you've covered a few crashes in your time -- that it's advisable to be buying stocks? because the flip side is played properly, it can work out fine -- >> right. depends on how leveraged you are. bear stearns at its height was

leveraged 50 times its liquid cash, its liquid securities on hand. neil: right. the average investor, normally they won't let you borrow more than 40-50% of your portfolio. >> yeah. see, this is where it gets interesting about markets. markets over, like, you always hear people saying if you invested a dollar in 1940, you're worth with ten gazillion dollars, right? markets go down and sometimes for three years. and bleeding out for those three years, you basically lose all your net worth. and that's what happens when you leverage up. you actually magnify the losses, and the question is can you get through the losses without putting more money in or do you go bankrupt. the big banks couldn't get through the losses on their mortgage securities that they held on their balance sheet -- neil: and it just fed on itself. >> they were insolvent, and they needed bailouts from the government. average people go broke. neil: what happens, and we were getting close to that for a lot

of firms, all right, you're at the point where you're bumping up against your margin limit. so you have a choice, give us some cash or we're going to sell stocks. if they're so fortunate, those customers, to get that call. a lot of times they just sell ahead of it. >> no, exactly s. and one of the things you talk about a lot and it kind of plays into this were all these crazy products that were out there. neil: right. wasn't that canadian guy one of them? >> exactly. that's what i forgot to say, one of the things he was doing was betting on the -- >> volatility. >> yeah. which in that cay day or two -- neil: and that mechanism fell 90%. >> he got hammered and i'm sure some other people. it's an extreme example, but it does bring up the point how quickly things happen. now we could go down in a correction that might have taken two or three months, it happens in two or three days. >> well, the volatility was pretty mixed, but you guys are such cynics on a day we should be cheering these markets, up

350 -- [laughter] i bet when the president said he would have ran into that school, i bet you rolled your eyes. you're such a cynic. neil: so you don't have a problem with people borrowing to buy stuff. >> i'm saying -- neil: yes or no? >> i don't. neil: okay, fine. you don't think there's a limit ghrb do -- >> you cheer the market going up and you're negative when it goes down. >> i'm a hater, that's right. neil: understatement. >> what i'm saying is this, just realize that the average person, you as an average person will not get bailed out. neil: right. it sounds like you're saying, in all seriousness, that it's best not to borrow to buy stocks. >> i think you've got to understand your leverage limits. neil: i think it should be limited to, at most, 25% of your portfolio. >> right. neil: in other words, you could borrow 25% of -- or. >> to protect people. neil: but if it's 50% or more, i

think you're inviting -- >> the big banks on average were borrowing, they were leveraged 50 times their -- neil: leveraging's great when it's working your way. >> we were in a market that could literally come in every single day it was up, it was up, and some of these people were taking on more leverage as the market went up more. neil: you know, the president's glad when it was going down. welcome development. [laughter] did you agree with that? >> finally. >> right. he was embarrassed. >> i just think this is a great segment for today. i was being a jerk there for -- neil: i can't tell you how much i hate you. i hate you -- >> he was being a jerk for a minute. [laughter] neil: i hate you in ways that are finish. >> just for a minute! >> because i talk to sophisticated investors all the time. neil: like connell and i don't? we talk to bubba on the corner of the street. [laughter] >> you get your -- >> unbelievable. neil: you know, that's fine. no pumpkin lattes for you.

>> laud down on this thing. neil: well, that's not the subject right now. we're just saying -- >> well, it's -- neil: i just wish you had told me ahead of time you didn't think it was a worthy issue. trish regan would have been -- >> i'm apologizing! >> this is over. neil: i'm not going to buy it. [laughter] we have a lot more. here's just the case you'll need to hear about what's going on with the democratic party, could be grabbing defeat from the jaws of victory. they're saying it's not liberal enough. this could be a real tip thing point for this election year. we'll explain after this. ♪ ♪

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neil: you know, you heard about what happened out in california, a fairly liberal democratic senator, dianne feinstein, been an institution for a number of years. well, her own party essentially

rejecting her over someone else. in other words, they didn't view her as liberal enough. now, that might have no effect on the primary that's coming up, but i did want to get a read on this with an axios reporter. you know, i'm looking at this, alexa is, i would not have seen this coming. what is going on? >> so i was in california covering this democratic party convention, and it was clear that there is this fight going on within the democratic party between its sort of far-left progressive members and more establishment lawmakers like senator dianne feinstein who didn't get the party's endorsement even though she's been representing california since 1992 in congress. but it shows these progressive activists are moving the party farther to the left and convincing voters, at least these delegates at the convention, that they want the party to be more progressive and more liberal. but it's clear there's this division happening when folks like diane fine stein and nancy pelosi are not moving as far to the left as these progressives want them to.

neil: you know, the senator is hardly ronald reagan, so i guess i'm wondering whether democrats risk, you know, moving so far left that they do grab the feet from the jaws of victory what could be a very good midterm year, and still might be. what's the read you're getting? >> that's the interesting dynamic, and we see that particularly in republican-held districts where democrats are hoping to retake these seats. in california there are a number of eight democrats running, a number who are progressive, and that's just not going to fly in republican districts with republican voters. they're not going to support someone who's far the left, and even independent voters are not moving as far left as these progressive democrats are. that is another dynamic or intra-party fight that democrats should be worried about. obviously, it's too early to tell, but this intra-party fight if it doesn't stop or they don't resolve it before the midterms, could really hurt their chans.

-- chances. >> i'm wondering be this idea of primarying incumbents, like roy moore in alabama, that it would come back to hurt them. democrats seem to just with going through it. >> right, exactly. it's interesting to see how this democrat-on-democrat fight is playing out, like i just mentioned, these overcrowded primaries where there are five, six is, seven, eight democratic candidates running against each other, that could really hurt their chances when the party's becoming further divided instead of the campaign arm or the dnc investing in one or two candidates, they're now trying the split their attention between seven or eight candidates in one race. neil: given the fact real quickly that numbers look more favorable on the economy and tax cuts even among a broad swath of voters, that doesn't mean republicans are out of the woods, but are they out of the woods enough to stave off losing the house or senate,

particularly the house as things stand now with some of these developments? >> like you just mentioned, the economy is looking better, polls are showing many americans are supporting the gop tax plan, that's something democrats are going to have to try to leverage in their messaging considering many of them voted against this plan, and now americans are viewing it more favorably. i i think republicans campaign on it largely successfully and attacking nancy pelosi. i think using the economy, the tax plan, nancy pelosi, those could help republicans in the primaries. neil: alexa, thank you very much. >> thanks for having me. neil: all right, you've heard the story many times that if you take certain weapons out of the hands of those who would be predisposed to use them, we'll have less attacks to that effect. that development, the gun development and this guy in china wanting to be, essentially, leader for life. the read from a former

australian prime minister on both developments after this. ♪ patients that i see that complain about dry mouth they feel that they have to drink a lot of water. medications seem to be the number one cause for dry mouth. dry mouth can cause increased cavities, bad breath, oral irritation. i like to recommend biotene. biotene has a full array of products that replenishes the moisture in your mouth. biotene definitely works. it makes patients so much happier. [heartbeat] but i'm not standing still... and with godaddy, i've made my ideas real. ♪

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♪ ♪ >> i think that president xi is unique. he's helping us with north korea who, by the way, wants to talk as of last night.

you heard that. they want to talk. and we want to talk also only urn the right conditions, otherwise -- under the right conditions, otherwise we're not talking. china's been good, but they haven't been great. china's done more probably than they've ever done because of my relationship, we have a very good relationship. but president xi is for china, and i'm for the united states. neil: all this time i had it the other way around. the prime minister, of course, was referring to president xi jinping of china who could be very close to becoming a permanent leader in china right now, and he's got a lot of support for that whether it's out of fear or just out of a force of nature. the read from the former prime minister of australia, the president of the asia society policy institute, kevin rood. good to have you. >> good to be on the program. neil: what do you make of the chinese leader effectively -- he's been granted the players of

mao tse-tung, but now maybe even the permanent role. >> well, i've met xi jinping a number of times over the years including when i was in office as prime minister of australia. this is a very forthright individual, he has a strong view for where he wants to take china for the long term, not just the next few years. and i think this is very much the consummation of his personal ambitions to have an unrestricted period of office as president. but he duds, -- he does, in so doing, breach conventions which the chinese laid down after mao. the constitution was amended way back in 1982 to prevent a leader for life emerging because they saw what happened with mao during the cultural revolution. so this has lots of opportunities for xi jinping but a lot of risks as well. neil: you know what i was surprised with, prime minister, just reading the markets as soon as i got word this was looking lightly, certainly monday mornings the markets are going to be tanking in asia and europe

on concern that this is going on on. nothing. i mean, are they whistling past the graveyard, or is it much ado about nothing? is this just recognizing the obvious? i mean, when a guy takes on that kind of control and, you know, no one really argues with out -- >> well, i think what markets will be doing is looking at where goes the chinese economy under the leadership of shi gyp pipping not just for the next five years which is what's constitutionally been permitted up until now, but arguably for the next 15 years. and we're looking at a guy who will be president of the country, unless health intervenes, through the 2020s, until the end of the 2020s. neil: he was going to get suggestion years anyway, right? >> he's going to get ten. they usually have fife and five -- five and five. neil: right. so he wants to go beyond that. >> in fact, the constitutional change which they're bringing in is to remove the former two-term limit altogether. not to say it's extended to three or four. so my anticipation knowing how strong his political personality

is and how deep his vision is for china's future, he'll want to stay in office through to the end of the decade coming. neil: what if you had that kind of clout and power, right? [laughter] >> i can't -- neil: does it worry you though? >> i come from a western liberal democracy. but the china specialists, because i'm an analyst of china, i speak chinese, i worked in our embassy in beijing in an earlier life before i slid down the food chain of life into politics, as an analyst of china, i think this is fraught with some risks as well. and i think chinese leadership elites will be acutely conscious of this including some of the resistance internally. i think what markets are doing is looking at this and saying, well, this economy, china, is going to be the biggest economy in the world sometime in the next decade, bigger than the united states. so who's going to be running it. is it better to have this authoritarian figure running it

or some other person who we don't know. so is i think markets are probably saying, well, better the devil we know, and this growth in the chinese economy they assume will continue. neil: and that he's the force behind it. if i may switch gears, sir, your successor, prime minister turnbull here indicated we recognize what you have to do about violence in your society. australia, of course, dealt with this in a mass shooting i think back in the early '90s and then cracked down on those types of weapons or particularly violent weapons, bought a lot of them off the street. i think it was prime minister howard under his -- >> very true. neil: and barely any such shootings since. what do you think of that? applicable here? >> i think so. i grew up on a farm in rural australia. we always had a gun. and that was to deal with ferrell animals. feral animals. but the idea that my father and

his father before him would need a semiautomatic weapon to keep down, you know, shall we say wild animals on the farm is just kind of nonsense. neil: in this '90s mass shooting, it was a semiautomatic weapon, right? >> yeah, yeah. it was at a tourism resort on the island of tasmania. peaceful as all get out, and suddenly we as a country were confronted with this. i congratulate mr. howard for having done this. it's been bipartisan policy since. but more importantly, touch wood, we've not had a mass shooting since. and, look, there's -- neil: was that the catalyst, do you think? >> i believe so because i understand when we say that we can't certify the sanity of each individual member of our society, i get that. but let me tell you, it's easy to disarm somebody who's got a single-action weapon at their disposal than it is for someone who can pump out hundreds of rounds. neil: but you don't have it enshrined in your constitution like we do. >> well, you know, there are

multiple interpretations of your second amendment and the ability to raise a militia to defend yourselves against the dastardly return of the british after the revolutionary war. so that to be used as a held of power to justify the possession of semiautomatic weapons by anybody? frankly, i just think that's wrong. and as someone who now lives in this country -- and i love the united states, that's why i've chosen to come here and be with you all for the last several years -- it worries me in terms of the safety of our society. i understand the interests of gun other thans. let me tell you -- gun owners. i cannot see the rationale for anyone outside the military being able to go in and purchase a semiautomatic weapon. neil: all right, former australian prime minister, i'm sure the e-mails are going to come fast and furious, prime minister. we'll have more after this. the dow in and out of session highs, again, despite all of these developments in china as the prime minister pointed occupant, i think the markets are focused on more of the

productive relationship between all of these countries and particularly with the chinese leader who's provided this economic catalyst for much of the world. we'll have more after this. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. . .

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going on domestic concerns and safety on "your world," 4:00 p.m. eastern time we have maine governor, paul page, you might have heard him with the president and illinois governor. much, much more, we have ashley webster to take you through the next busy hour. ashley: neil, very much appreciate it. stocks kicking off the week firmly in the green ashley: i'm ashley webster in for trish regan. welcome to "the intelligence report." president trump meeting with group of governors in discussion of gun violence in wake of the florida school shooting. the president voicing support for stronger