which was also down. this is hitting near an all-time low, the worst in 10 years, for the oscars. stuart: what do they expect? why do we want to listen to political lecture from this bunch on sunday night? liz: your point is well-taken. >> your point is well-taken. alert on "cavuto: coast to coast." for next two hours i'm connell mcshane filling in for neil we shift over to the white house. we're moments away from hearing

from the president who is hosting prime minister benjamin netanyahu. he has a host of issues he is dealing with at home. i'm sure he is glad to get a distraction from that at least a little while. we have blake burman at white house. reporter: peter navarro signaling there will be no exemptions for anybody as it relates to the upcoming steel or aluminum tariffs. earlier today the president tweeted maybe this is another salvo in the on going negotiations as related to nafta? the president writing quote, we have large trade deficits with mexico and canada. 1/2 -- tariffs on steel and aluminum will only come off if new and fair nafta agreement is signed. navarro as i mentioned he said it is not appropriate to say that is an opening position for

the president. >> the president is clear about this. and it is no, there is no backing off from this in the sense that this is the minimum we need in order to defend our industries from extinction. reporter: the widespread opposition to this, democrats, republicans all across washington continues, connell on this day. in fact capitol hill, lawmakers signaling they could step in with some action at some point. one of the top conservative groups here in d.c. is club for growth. they normally back this president and many of his policies but on this day they put out a statement saying that what the president is deciding to do provides no real leverage. >> they will just impose tariffs on our goods. we'll end up with fewer jobs, higher cost of goods and, as somebody pointed out on maria's show, could lead to the next great depression. reporter: white house fully planning on going forward with

this. when you talk to people aligned with the president's thinking on this, connell, they feel this is very much good for the steel industry. very much good for the aluminum industry. and they feel that as long as this gets through the lawyers and appropriate time that there will be action by the end of this week at the very latest next week. connell: we'll hear from the two leaders at some point, right? >> will be a pool spray off the top. there are a host of different issues. you mentioned what is ongoing with israeli prime minister benjamin netanyahu. we'll see if he is asked about that, iran, u.s. embassy move to jerusalem, whether an invitation is extended. look out to see whether or not any questions are lobbed to this president on trade. connell: good enough. we'll be back to the white house for anything on that. thanks, blake. we'll talk more about trade. meantime as we wait for netanyahu, mr. netanyahu and mr. trump, where this is all headed market for time being

headed higher after declines last week on trade war concerns. all that started a little after 10:00 this morning. markets started to turn higher after opening triple digits to the downside. bring in from the "washington examiner," phillip wegman, and from the independent women's forum and patrice and jonas max ferris. take the politics off of on this blake went through some of this. jonas talks about the market. there is lot of uncertainty when you talk to investors what the president really wants to do. on one hand he has been pretty clear on years for trade and what his goals are. this, you know, these tariffs are not negotiateing position. but then this morning in his tweet it may be a negotiating position then you hear from peter navarro he says not at all. i'm not sure where this is

going, do you? >> the president needs to understand his words amount to something and market reacts and there sun is uncertainty what he wants to accomplish. the president had one very significant achievement first year in office. that has been job growth. a lot of republicans have to be asking themselves right now why would you monkey with this maid of midterm elections? things are going very well. tariffs don't work out. they didn't work out for president bush in 2003. they didn't work out for president obama with tire tariffs. why would throw a wrench into the market at this moment? i don't think republicans are very happy. this is one more thing got them on edge going into the midterm elections. connell: that is interesting point, patrice, that phillip brings up because paul ryan's spokesperson, the speecher's spokesperson, ashley strong, put

out a statement they're extremely worried about the consequence of a trade war, and encouraged the white house not to advance this plan. that is how she worded it. we certainly don't want to jeopardize those gains. phillip is right, patrice, they're hitting back at this. let me hold on for the question at the moment. looks like prime minister of israel benjamin netanyahu is pulling up to the white house to see the president. the first lady have come out to greet the prime minister as the prime minister and mrs. netanyahu will be on their way into the white house. as blake burman told us moment ago when we reported on this, we'll get a pool stray at the top of this meeting, comments from the two leaders won't be carried live but will be taped and carried back to a location and played back to us. you see the two old friend greeting each other there. this prime minister comes at a interesting time for him in, in terms of what he is dealing with at home, the corruption probe going on for some time.

he was questioned he and his wife by the police on friday. that is something hanging over his head at home. he says he wants to come here to the united states and talk princely about iran with the president of the united states. earth issues could come up. the president's son-in-law come under scrutiny. the two leaders wave. they head for meeting inside the white house. jared kushner will be at the meeting which add as interesting twist to it. we'll get to that in more detail? we'll have comments from the president we hope. patrice, there are republicans, paul ryan is latest to push back hard on this what do you make of it? >> i'm not surprised. a lot of republicans look at paul ryan's district and other republicans and think about the manufacturers in their district, how a trade war would impact them politically. it is really not something that we want to see undermine these tariffs undermining the good work done in this economy but also the result of the tax ruts.

what the tariffs impact. not just cars. cars are a big deal, everything from beer cans to ladders. talk about a lot of consumer goods will be taxed. that is what a tariff will be it is a tax. we don't need to see that we don't need to see loss of jobs in industry that that will bep vulnerable to tariffs. connell: jonas, pick up most difficult part, tenting the markets reaction. gary cohn said if he goes ahead with something like this it will be disasterous for markets. we saw a selloff last week and now even and we saw that they're bouncing off the lows. what do you they have the markets and how they're taking all this. >> the initial reaction was very frighten because the initial reshun assumed there would be a trade war which may not happen. i don't know if you win a trade tariff war. doesn't look like there will be a trade war. trump is winning. he would being a agressive tax

cars out of the e.u. that is huge tariff. would be scary for germany and other countries. that could keep them out of the fray. at the end of the day the u.s. is in the catbird's seat. i'm hearing why would you want to undo all the good been done. you make the case if you have a tariff trade war you want to do it right after the economy is strong, when you just cut corporate taxes, they have a buffer to eat those costs without passing them on to consumers. that wasn't the case two or three or four five years ago. i'm not pro-tariff, protrade at war. i don't even want to bring the old industry back to america. this is trump thing back in the '80s. go back to david letterman interviews, he was talking about trade imbalance with japan, that was the bugaboo, not china. if you're going to have it we have a little room. he aims to play tough and got to tell you, we buy more stuff than we sell. we sell a lot of services, not a lot of goods. nobody wants to lose us as consumers. we never know how aggressive

countries may play the game. we might find out t could be scary for stocks. i don't think it's a net positive to any company because all the free trade groups tell you they want free groups and services, blah, blah. for average person it could look like a win. he is doing some of the things he talked about. politically he could come across as a tough guy who went to war with china and they backed down. that could play out as well. connell: quick last point, phil, jonas raises a really, really key element of all this for all the other issues the president changes his mind on thing in course of same days and same meeting. not on this jonas says he is 30 plus years on consistency. does that raise the odds we might end up in real-life trade war? >> the president is nothing if not consistent when it comes to longer promises he made and on trade this is something he definitely has wanted to do for a long time. that said it is going to be very difficult for republicans because they can't hit nancy pelosi over the head for

being disingenuous talking about crumbs when you're going to see prices increase like sara said, everything from baseball bats to beer cans. connell: campbell's soup can wilbur ross was holding up. >> exactly. this will hurt people at lower end of the spectrum this is not something i think president trump has thought through. either paul ryan or mitch mcconnell, i think they need to put a bug in his ear. connell: they're trying to apparently. thanks, twice. we have to run. we'll cover the netanyahu discussion as well. we appreciate you. we'll have comments from the president and prime minister of israel when they do begin speaking. moments ago they walked arm in arm into the white house. we'll take those comments for you, bring them to you, discuss what it all means coming up next on "cavuto: coast to coast". you know what they say about the early bird...

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connell: get to event happening right now, israeli prime minister benjamin netanyahu meeting with president trump in the white house. he arrived short time ago facing a corruption investigation at home, unclear prospects for mid-east peace. as always bring in senior advisor to the senate foreign relations committee. maybe that is why, we'll see what the two leaders talk about. maybe that is why he has iran at top of his list in terms of priorities?

that is what he wants to talk about with president trump. >> connell, huge challenge with iran, incursion of iranian uav into the syrian airspace. russian support for syria. real challenge for iran. israel on the front lines of that. deputy a top issue for prime minister netanyahu meeting with president trump. connell: both have issues at home related to what we're talking about, whether iran, relationship to israel and the united states or middle east peace. let's talk about israel first. the prime minister, most people know, for those not following is facing a corruption investigation back into his open country. how much does that affect his ability to deal with other issues including the back and forth with president trump, do you think. >> prime minister nat has steel spine a spine steel i should say. might have gotten regulatory

benefits for positive coverage on news station. there is legs, religious exemptions to those serving in the military. he has internal challenge in israel. if at the weak at home, raises questions whether he can followthrough on commitments he cap make with his people. that being said, netanyahu is serious guy, a tough guy. always thought through the stuff before. likely to happen. >> i didn't know where you were going with the spine of steel. like related to tariffs. charge him more or something. the meeting will include jared kushner. that is where we have issues the president is dealing with. his son-in-law come under a lot of scrutiny here in recent weeks. security clearance downgrade. allegations that he used his position to help his business. middle east peace is not only supposed to be within his portfolio but at the top of it. >> yeah. connell: what do you make of what happened here with jared kushner? >> obviously jared has challenges. he has had challenges for a while. with his scatter clearance

downgrade there is hard to get information to effectively carry out a middle east peace deal. and what we're hearing from both side and how we're hearing it that is pretty sense intelligence. that is problem going forward. connell: challenge is enough after political liability that his white house tenure might be cut short, do you think. >> he is the president's son-in-law. the president clearly relies on him for advice and counsel. hard to know how this plays out. but at end of the day he will be hampered even if he says in the job without having access to highly classified information. it will be hard to really know what the sidelines are in terms of these debates. so it's a challenge from either way even if he stays in, you're right to say whether there is question he will be able to stay. connell: we're talking about the intrigue on both sides, but what about the actual issues they're talking about? where are we making progress? are we making progress on anything here we should know about? >> well look, certainly we're trying to make progress on iran.

the president has sent his team to europe to get a deal done with europeans fixing iran nuclear deal. obviously a huge problem, negotiated by the obama administration. not a good deal for our country. israel care as lot about that. that is important. syrian conflict continues to bubble. iran continues to support the syrian assad regime. now we have to figure out what to do with this whole syria, russia, iran access in the middle east. that is concern for israel. middle east peace, we haven't seen a plan yet out of the white house. we know they're working on it. we know they're coming together on something. we don't know what it will look like. the embassy situation. that hasn't yet happened but another issue plays into the middle east dynamic. connell: a net positive or make more complicated? >> it is hard to know to be honest with you because we haven't done the move. hard err on palestinian side, easier on israeli side but doesn't make the deal any easier

is the harder question. connell: thank you, jamil. we'll keep eye on the white house. when we get the comments played back from president trump and prime minister netanyahuwell bring them to you. market rally earlier. it was down triple digits. it is up almost 200 points. who knows what is next. incesttores looking on certainty on issue of trade. we're getting it. how that might affect the markets from here on out after last week's selloff. we're bouncing a bit. we'll be back in a moment. we see two travelers so at a comfort innal with a glow around them, so people watching will be like, "wow, maybe i'll glow too if i book direct at choicehotels.com". who glows? just say, badda book. badda boom. book now at choicehotels.com

connell: we're back on "cavuto: coast to coast." we're waiting remarks to be played back to us from president trump and israeli prime minister benjamin netanyahu. we'll bring it to you when it happens. when i say played back because they're meeting in the oval office is pool only. white house press pool goes n carry the tape back old school and play it back to us. that means it is happening right now. to that point we're getting some alerts out of the meeting,

because we were talking about trade i will bring you one quick one on trade. in the oval office meeting president trump saying he is not backing down, not backing down on the headline planned tariffs for steel and aluminum. so that just came out a moment ago. we'll bring in charlie gasparino here to talk about a bunch of other stuff. it just came out. >> market sold off on that. connell: a little bit. >> trade is, here is the thing with this whole trade thing and he is not the first president to enact a tariff or punitive measure against a trading partner. connell: right. >> you have to ask yourself why was the steep market correction, why was his worse than reagan's or obama's or george w. bush's? i think the reason why is, market looks at donald trump sort of an economic wild card, not a lot of thought went into this. and on top of that he spoke so much about repealing nafta and some other major trade agreements that you know, they really think this guy is ronald -- like, not

ronald reagan on steroids but a pros texist on steroids. connell: jonas brought this up. he has been this way for years. he flip-flopped a lot but not on this. >> market hates it. connell: doesn't think there will be a trade war, quote or paraphrase from the president. that is what he also said. you will hear this from what he said how he phrased it, his tone. bring up the other tweet. bunch stuff on trade but he had this tweet about the obama administration. why did the obama administration start an investigation into the trump campaign with zero proof of wrongdoing long before the election in november? wanted to discredit so crooked h would win, unprecedented bigger than watergate. plus obama did nothing about russian meddling which brings up lot of questions, people say, well -- >> you have to ask yourself why is he doing this? listen, when people hear that, they say the guy sound guilty. that mueller has got him on something? i'm not saying that is the case

but that is the impression he is given off, he knows this mueller thing may not end very well for him. i will say this. i've seen a subpoena that went out recently, axios over weekend. connell: i saw that. >> i have seen it. i have seen the physical thing. if this thing is winding down i would be shocked because the amount of information they're asking witnesses about the number of people, we are talking everybody from the president himself to keith schiller, his personal security guard to hope hicks. that was a hit list. connell: communication. >> emails, whatever. connell: right. >> i'm saying this is something that is going before a grand jury. connell: we don't know why or for what? >> people are speaking before a grand jury. connell: right. >> i know that for a fact. and they're asked about those people including the president of the united states. that is, that means, this investigation is about as serious as they come. i will say this. it is possible this is the

widest, biggest fishing expedition ever, okay? it defies logic though because of the way we know mueller, who mueller is. this guy is a killer investigator. if he was, he wouldn't waste time on fishing expedition. if he felt that there was no connection to the president or inner circle on this thing he would have, he would have left town already. connell: we just don't know at this point but the response from john brennan, obama era cia director of that tweet i read this, tweet is great example of your paranoia. constant misrepresentation of facts, increased anxiety and panic in his view about the pull letter investigation. then he says this. when will those in congress and 30% of the americans who still support you realize you're a charlatan? >> i wouldn't go that far. he is acting guilty. i know the investigation is heating up, and extremely, extremely serious. when you're asking for

information from his bodyguard, they're asking, by the way who controlled -- when they interview people, mueller's people interview people who get subpoenas, who controls the security cameras inside of trump tower? this is, i don't know where they're going but this sounds off the charts right now. connell: president is dealing with a lot. obviously last week even by this current administration standards was a crazy week. hope hicks reputation on top of everything else. >> wanted to do this for months apparently. connell: so we're told. she may have but fact she did it then in middle of all of this. right after that testimony. so then you know has to find a replacement for her. and, you know -- >> you would be perfect for the job. connell: yeah, right. [laughter]. >> i can't wait to scream at you, oh, god. connell: you imagine worst possible choice. >> worst possible choice -- connell: would be?

>> anthony scaramucci. [laughter]. connell: there you go. i walked into that, didn't i. >> i don't understand his immense animus from general kelly? connell: i think i do. fired him. >> so off the charts, i don't understand it. listen, general kelly, say what you want, the guy served in iraq. he lost a son in iraq. he is a marine general. connell: right. >> here is hedge fund salesman calling him a dummy, general dummy or something? iconnell: i don't know we'll her from the president in a minute with prime minister netanyahu. trade comments are what we'll listen closely. what do you think of the bounce-back? >> comments on nafta were interesting, if we renegotiate nafta a little bit we'll get rid of all the tariffs. connell: stuart asked navarre very asked about, that that is not a negotiating tactic. stuart basically said to him, is

this negotiating tactic? navarro said no. the president's tweet said it's a negotiating tactic. >> trump keeps everybody on edge. if it's a negotiating tactic, it's a good one. we won't have a trade war. connell: right. >> they will negotiate nafta around -- i don't think they will unwinded the whole thing. that is positive way of looking at it. people say if we don't get into a trade war, tweak nafta, make it a little more favorable to us. connell: right. >> we're getting massive tax cuts, why shouldn't we buy this market. connell: especially been down last few days. thank you, charlie. we'll go to the white house in a moment where president trump has been meeting in oval office with prime minister of israel benjamin netanyahu. mr. trump and his wife, first lady melania, greeting mr. and mrs. netanyahu outside of the white house. then they headed back inside arm in arm to have the meeting, here they are with the playback. we'll see what the president says. >> they don't like covering us.

they like us. thank you very much, it's a great honor to have prime minister netanyahu and mrs. netanyahu with us. they have been friends for a long time. we have, i would say, probably the best relationships right now with israel that we ever had. i think we're as close now as maybe ever before. jerusalem was a wonderful thing and i know it was very much appreciated in a big part of the world, not just in israel, in a very big part. so that was a decision i had to make. many presidents were discussing whether or not to make that decision and they promised in their campaigns but never were able to do what they should have done, so i was able to do it. and i think it is something that is very much appreciated in israel but far beyond israel. we are very close on trade deals. we are very, very close on military and terrorism and all of the things that we have to work together on.

so the relationship has never been better, mr. prime minister and mrs. netanyahu great to have you. >> thank you. thank you. [inaudible]. >> mr. president, donald, melania, sara and i want to thank you for your extraordinary friendship and hospitality. it is always a pleasure to see you both. this is the first time we meet in washington, america's capitol, after you declared, mr. president, jerusalem as israel's capital. and this was a historic proclamation followed by your bold decision to move the embassy by our upcoming national independence day. i want to tell you that the jewish people have a long memory. so we re remember the proclamation of the great king, cyrus the great, persian king 2500 years ago, he proclaimed jewish exiles in babylon can come back to rebuild temple in

jerusalem. we remember 100 years ago, lord ball four, issued the ball four proclamation that recognized the wife of jewish people in our ancestral homeland. 70 years ago, president harry s. truman was the first leader to recognize the jewish state. we remember how a few weeks ago, president donald j. trump recognized jerusalem as israel's capital. mr. president, this will be remembered by our people throughout the ages. and as you just said, others talked about it. you did it. so i want to thank you on behalf of the people of israel. and i also want to look forward to our discussions on both challenges and opportunities. if i had to say what is our greatest challenge in the middle east to both of our countries, to our arab neighbors it is encapsulated in one word, iran. iran has not given up its

nuclear ambitions. it came out of this nuclear deal emboldened, enriched. practicing aggression everywhere including on our own borders. and i think we have to stop this country, chants, death to israel, death to america. iran must be stopped. that is our common challenge. the second, because of that challenge to exploit the opportunity for peace because the arabs have never been closer to israel. israel has never been closer to the arabs. we seek also to broaden peace with the palestinians. i look forward to those discussions but i want to just iterate, reiterate what you just said. mr. president, i've been here nearly four decade, talking, to seeking to build the american-israel alliance. under your leadership it has never been stronger. and the people of israel see your position on jerusalem, they see your position on iran, they see your magnificent defense of

israel, and the truth in the united nations and i as prime minister see something that you as president can see, but others can't see, the extent of our intelligence and other cooperation in matters that are vital for the security of both our peoples. and mr. president, i just want to say, thank you for your leadership, and thank you for your tremendous friendship. thank you. >> thank you very much. thank you. [shouting questions] >> thank you very much. i may. i may. they have -- construction, and i may. we will be talking about that and other things. >> [inaudible] >> i may. we'll look at it. we'll have it built very quickly. a lot of people wouldn't be doing quickly like that. we'll do it quickly and inexpensively. they put an order in front of my desk last week for a billion dollars. a billion? what is that for? we'll build an embassy.

we're not spending a billion dollars. we're doing it for about $250,000. so check that out. now it is temporary but it will be very nice. $250,000 versus a billion dollars. is that good? >> yeah. >> [inaudible] >> we're looking at coming if i can, i will but i will be there again. israel is very special to me. special country, special people, and i look forward tock there. i'm very proud of that decision. >> why don't you? [inaudible] >> we'll see. we're working on it very hard. look it, would be a great achievement, even from humanitarian standpoint, what better if we could make peace between israel and the palestinians and i can tell you we're working very hard on doing that. i think we have a very good chance. and the biggest difficulty that anybody has had, you look over 25 years, nobody could get past number one, jerusalem. they couldn't get past it.

we've taken it off the table. so this gives us a real opportunity to peace. we'll see how it works out. palestinians i think are wanting to come back to the table. >> what if they don't come back? >> if they don't, you don't have peace. you don't have peace. >> what is your plan? >> if they don't you doesn't have peace. that is a possibility also. i'm not saying it will happen. anybody says this is hardest deal to make of any deal. when you have a hard deal, business, this is almost as bad as israel and palestinians. you use it as an example. this is the hardest deal. this is years and years of opposition and frankly hatred and a lot of things involved in this deal beyond the land. i will tell you if we could do, if we could do peace between israel and the palestinians, that would be great thing for the world, it would be a great thing for this country and for everybody. we're working very hard on it. we have a shot doing it. thank you very much, i

appreciate it. thank you very much. [shouting questions] >> what about a trade war? are you backing down on tariffs? >> we're not backing down. mexico is, we had very bad deal with mexico. a very bad deal with canada, called nafta. our factories have left our country. our jobs have left our country, for many years. nafta has been a disaster. we have been renegotiating nafta as i said i would. if we don't make a deal i will will terminate nafta. if we make a deal that is fair to workers and american people that would be, i would imagine, one of the points we'll negotiate. it will be tariffs on steel for canada and for mexico. so we'll see what happens. but right now 100%, but it could be a part of nafta. i got a call from the people right now who are in mexico city negotiating nafta. mexico and really canada i want to talk about. but if they aren't going to make a fair nafta deal we'll leave it

this way. people have to understand. our country on trade has been ripped off by virtually every country in the world, whether it is friend or enemy. everybody. china, russia, and take people that we think are wonderful, european union. we can't do business in there. they don't allow it. they have trade barriers that are worse than tariffs they also have tariffs by the way, but they have trade barriers far worse than tariffs. if we want to do something, we'll tax their cars if they send in here like water. so we may have friend, but remember this we lost over last number of years, $800 billion a year. not a half a million dollars, not 12 cents. we lost $800 billion a year on trade. not going to happen. we'll get it back.

the biggest problem, the biggest problem is china. we lost $500 billion. how previous presidents allowed that to happen is disgraceful. we'll take care of it. thank you all very much. thank you. [shouting questions] >> thank you. i don't think so. i don't think you will have a trade war now. >> prime minister netanyahu -- [inaudible] >> i will later. thank you. >> thank you all. thank you. connell: that does it. president trump wrapping up, wanted to get last comments in which related to what we've been talking about here at the fox business network throughout the president saying at the very end of those questions, no, i don't think we'll have a trade war, i don't think so. answers to a reporter's questions in the oval office of the white house. all right. let's talk about this the market obviously rallying earlier of the it is up now. we have market watchers, here all here in the studios, in the studio with us listening in on

the comments. good to see all of you. melissa, i don't know if you want to take the first shot at this but the president saying we're not backing down, nafta is a disaster which he said many times i hesitate seem to be trading even though his trade advisor said opposite, between his tweet and those comments, that the tariffs are negotiating tactic when it comes to nafta. how do you read into it? >> i'm a little bit confused this morning. connell: you're not only one. that is the latest read on it, i think, but yeah, we're all confused. >> anything is possible with trump. the way i'm reading it, maybe he hasn't made up his mind yet. one thing for certain, he was mentioning china. connell: yeah. >> china is a good partner for us in some regard because most of the companies on the s&p trade do business with china. chinese markets, u.s. markets are tied together. you probably don't remember the market had a strong year in 2017, but nobody has this part of a memory, but as trader i

remember 2015 we had huge fall in the summer of august of 2015. that was because of china. we started the year down really badly in 2016 that was because of china. so we really, we've been stronger i think in 2016 if it wouldn't have been for that slow, weak start to the year. all was related to china. to say we have nothing to do with them is not fair. we do have a lot to do with them but trump has good points wanting a level playing field. neil: we know they have been dumping steel on the market for years. at lower prices that affects the global price of steel. david, what do you make of president doing now, stick in the moment with this president? it seem last week, over the weekend this was not negotiating tactic, these tariffs are across the board quote, for very long time and talking about nafta using seems like these tariffs as leverage, right? >> certainly seems that way. i think it is extremely likely he himself is moving minute by minute. i don't mean negotiating tactic

is unfolding. i think he himself is being pulled -- connell: we've seen him do that on other issues. >> by my count he has 20 advisors who deeply respects, during his presidency, vehemently against what he ising doing. two are for it. one of them is somewhat tepid. even wilbur ross on commerce didn't agree to be totally sweeping including canada in it along with china. there is real silly stuff going on. i'm hopeful he is in the process of unwinding with in a way that helps him save fairs. connell: peter navarro is other one. michael, he is deeply in favor of it. that lend credence to idea maybe gary cohn gotten to him on this we talked earlier, jonas faris brought this up. on other issues easy to get to the president but he has a record for a long time talking about protectionist measures. >> his mantra i promised this,

i'm doing it. i'm keeping my promise whether it's a good division. navarro and ross on one side, gary cohn on other side. really relevant we heard from today, speaker ryan. speaker ryan has concerns about this he is listening, watching economic reality of this, connell, he is saying wait a minute, we're in a midterm election we're in danger of losing ground, people see through this maybe steelworkers think they should be happy about this, whole bunch of consumers and manufacturers people working for them, people who consume good are not happy about this. it does not make sense. connell: making it, as we see numbers played out -- >> the problem we can't lose those industries. if you look at those stocks, i mean, ak, united steel, these companies are in downtrend, long downtrend 10 years more. we can't lose industries. trump is trying to do something about keeping them intact. one thing to import certain things but we need to be manufacturing more of it here and support the industries.

>> steel production levels have been flat for 30 years. nucor is stock is up 500% in the last 16 years. u.s. steel's profit triples. the china represents twoers of our imported steel -- 2%. this is wrong way to go about it. connell: we have to go now unfortunately because of comments we took live. so we appreciate you all comming on, being flexible with us. we'll be right back. more "cavuto: coast to coast" in just a moment. mom, dad, can we talk?

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connell: back with a business alert. this is interesting headline on oil. the that the united states could be the world's largest oil producer by the year 2023, largest oil producer in the world. jeff flock with more on that from chicago. hey, jeff. >> perspective from this guy. you sold at bottom -- we're up a buck 35? >> a buck 35. >> how can the price be up when we say we'll make all this oil, the u.s. will be the biggest producer? >> we've known this for some time and the international energy agency made these projections before only having to backtrack quickly. a few years ago they said the u.s. was going to be a top producer. then it would be 2040. they're pulling it in by 20 some

years. >> no question we'll be at some point the world's largest oil producer in your mind? >> we're on track to do that. no doubt about that. we have changed the world. he have one said it couldn't be done. we went from a world of concern that the world's running out of oil! to my gosh, we'll have too much oil. but at end of the day, tell you what, oil prices can still go up. >> can still go up he says. they're up today. 1.35 up, 62.60 at the moment. connell: there it is, flynn and flock, the traveling road show. we appreciate it. get to the young man on with neil over the weekend, former dick's sporting good employee quitting over new gun policy he explained it on "cavuto live" in this fashion. >> these stores are saying, ones doing it, like dick's sporting goods, walmart, kroger, some of the others we'll adhere to a policy keeps it consistent at 21. you say that is wrong, why? >> well, federally, you know, i

can purchase a long gun, a rifle or shotgun at age of 18. i believe that by dick's sporting goods and other stores changing the age to 21, they're discriminating against certain class of individuals. you know, discriminating at us by our age, no other reason. connell: all right. so that brings up the question whether or not this is discame nation. we have discussion on it now, with attorney marie napoli, ace, uh-uh, i don't think so, and attorney lee that says, dick's sporting good could be in legal trouble here. explain? >> it could be. this isn't a second amendment issue. it's a state law issue. connell: depend state to state. >> but there are 19 states that say you can't discriminate based on age for public accommodation issue. this is retail store. affected by the state laws. new york is not affected because there is no age discrimination under public accommodation.

dell care, connecticut, illinois, do say that would be discrimination. connell: i heard others make that argument, does depend like lisa says in your states. in some case you might have but you don't think so. >> i would agree it is not discrimination under the federal law under discrimination which is the primary law for discrimination. with the states on some level it may be discrimination. if you have a koppeling reason, saving lives of young individuals would suffice. connell: that is how they would argue it? they would come in and say, the reason we're changing this is because lives are saved? is there precedent? >> sure, with drinking age and driving age. it was done exactly for that reason. connell: in that state that could be state by state is the point at time when they were going through it. >> this would be state by state. that is the only way would be deemed discremmer to. connell: what about that, lisa, they could come back to make the argument maria says? >> no question under 19 states

it is discrimination you would have a case. but that doesn't mean you can't write in to state representative or write into congress to get something changed on different level or approaching federally or state by state to get the laws changed. connell: i wonder if the companies file suit or scared off bit possibility of lawsuits? >> hopefully they will still continue even if a lawsuit is filed to push for this age, upping age requirement because as maria mentioned it is reasonable to say we're trying to combat this kind of violence. connell: even if the state or the government doesn't agree or hasn't made -- >> there will be a decision made pretty quickly. this will go through pretty quickly. i do believe they will find this is not discriminatory because there is a compelling reason for this action and their action is closely-tailored to that result. connell: right. >> they will say it is not discriminatory and i think others will follow suit. connell: this young man, his decision is his cities essentially, right? he is standing on his own principles and feels this way

but that doesn't affect or would, that type of witness the argument in court, what do you guys think? >> he is associated with gun rights groups. >> yes. >> so i think that probably has affected people's views of his decision. >> you don't want to contemplate issues either. he is not being discriminated against in employment fashion for age reasons. >> right. >> he is saying this is my social, public viewpoint, the interesting part about the whole debate, whether this issue or other issues surrounding it we get so caught up in federal law sometimes, talking about especially for whatever reason about gun control, we forget a lot of the change this, is separate from private companies, a lot of change even governmentwise can come on the state level. came in connecticut on newtown on state rather than federal level. florida seems like they're moving faster, don't you think than they are in congress? >> state law is not any less important than federal law. connell: exactly. >> has same bite on its

citizens. connell: should we look, lease lisa? very long state laws in new york. >> intricacies can impact other larger issues. connell: sometimes drives it other way around. good discussion back and forth the good explanation of the law both of you. the dow is just off session highs, right off the highest level of the session. remember you may have tuned in earlier saw the at open dow is up 217, now about that? president trump with comments on trade. we'll get into why his comments may move the market in the other direction or maybe not. we're looking for clarity, that's for sure. we'll be back in a moment. ♪

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welcome home mom. with the right financial advisor, life can be brilliant. >> we are not backing down. mexico, we have had a bad deal with mexico. a bad deal with canada. it's called nafta. our factories have left our countries. for many years nafta has been a disaster. we are renegotiating nafta. >> moments ago at the white house, president trump talking trade. welcome back. our number two. i'm filling in for neil. the president is not backing down on the tariffs. moments after the comment he also said he does not think there will be a trade war. he has been on twitter

throughout the day and indicating that these comments that he's been making or threatening might be some sort of negotiating tactic when it comes to nafta. the market seems to like that if that's the right interpretation part we are up to 46 sweeping hillary von in. from washington, on trade, what's the latest? >> fears of a potential trade war are rippling through congress. house speaker paul ryan released the following statement warning against the move saying it could impact one of president trump's big accomplishments, tax reform, saying we are extremely worried about the consequences of a trade war and are urging the white house to not advance the plan. the new line has boosted the economy and we certainly don't want to jeopardize those gains. a potential trade war could depend on what comes out of negotiations happening right now mexico city as officials from mexico, canada and the u.s. renegotiate nafta. president trump tweeted that

tariffs could come off if a fair nafta agreement is signed. these tariffs are just part of president trump campaign promises being kept. >> he promised trade reforms and from day one, getting out of the transpacific partnership, he did that, we are renegotiating nafta, nobody ever that we could do that. renegotiating the south korean deal and yes we are putting on aluminum steel tariffs. they're leaving the envoy for lawmakers in mexico's capital for these trade talks are wrapping up. he says these tariffs will be the front and center of the discussion today. the big question will be if the tariffs hold, will affect our neighbors, canada and mexico. >> good to see you hillary. let's get to our panel. let's talk about where this might go from here. the market is up to 50, we are

joined by jim shafer. hillary brings up some interesting points. the president made his own case talking about, hinting at a negotiating tactic. he is hearing it from congress now, basically from paul ryan, trying to talk them out of all the. >> remember, the republican leadership and congress was relatively free trade oriented before president trump came on the stage. the republican party was sort of force to meet him in the middle by reluctantly embracing some of these more protectionist measures. at the heart of hearts, a lot of these republicans potentially paul ryan included may still believe in free trade and they may be worried that if president trump imposes these tariffs and sparks a trade war that might erase some of the economic gains they've gotten from

deregulation from the tax cuts that they plan to make is the foundation of their strategy. >> dan, i will get you to you in a moment on the market. let's talk a little bit more about how the politics sets up in the president was talking about good and easy to win trade wars and concludes these comments by saying no, i don't think we will have a trade war, but it does seem as if he's only saying that he wants to use the threat of these tariffs as a negotiating tactic with nafta. here is his tweet. when a country is losing billions of dollars on trade with virtually every country they do business with, trade wars are easy to win. this morning he tweeted that the tariffs will come off if a new and fair nafta agreement is signed. what is he up to? >> i'm not sure what chapter was but part of part of the deal was to throw as many balls in the air as possible and try to keep your opponent guessing. i think last week we heard a lot of rhetoric about this

trade war and then when you look at it, you look at the new york times of the weekend, buried on page 818 was a story about how chinese officials are being very cautious in how they are handling it because the broader picture for china is that they don't want to lose the benefit of the 375 billion-dollar leverage. when you look at europe and elsewhere, reciprocal tariffs that might be imposed are good for anyone involved. we import 5% of germany's steel. compare that to how many autos we import from them, it's almost negligible what the steel tariff could do to them. >> we have day today, our tower sometimes but people are upset or worried about getting ins to a trade war but the presence as well, i can take these tariffs off if we get a new nafta agreement and the

much backside up in his statement in the oval office last hour. what you make of all this from the market perspective. >> the markets are trying to look at how this will improve the united states economy in the stocks. because he backed off a little bit, some of the companies that do overseas business are moving up and moving the averages. in my opinion, this tariff thing is a brilliant idea, but in the short run is going to have repercussions in the market. it is going to slow down the united states economy. there's no question about it. that's how you have to rebuild the country. i don't disagree with what president trump is doing and even using it as a negotiating tactic. for many years have our companies been limited to selling overseas because of the tariffs they have on their side. >> let's hit back on the brilliant idea part of it. there's so many others making the opposite argument in their way down the road.

bush two, when they were tariffs put in place there, it led to job loss, not job gain. he backed off on the tariffs. >> i understand the history of that but with this kind of market and what the unemployment rates where they are in the growth expectation, what's going to happen is he's trying to rebuild the infrastructure of our country to become the manufacturing country and by our own goods but is nothing wrong with that. it's totally shut down. the museum now. it shouldn't be like that. i think what he's trying to do is we can manufacture the united states and we can buy in the united states and sell

overseas without having these huge taxes pour into our country. i don't disagree with that. >> the other side of it is that some people would argue that these jobs were necessarily lost just because of overseas competition but because the industries in which these people are employed, you can do a lot more with less now. you don't need as many people, human beings to do what you needed to do years ago and as a result. manufacturing has changed how things have happened and what agency coming was how they can take free trade and upended a little bit. the campaign was about people in michigan and ohio and people who made a living by making things with their hands.

>> that's true. that will bring us back to sarah because that is a good point. for all these other issues, he is flexible, he can change his mind issued issue, try to make a deal banana silly on trade. i just wonder if that makes it more difficult to talk him out of this because up until this point they have been able to answer policies. even if he has spoken or tweeted one way, he is governed for the most part as a traditional republican and this is anything but. >> issues from guns to immigration, we've seen that flexibility when president trump senses an opportunity to make a deal just lately but on this issue, long before he was a candidate, decades ago, he has advocated for these protectionist trade measures.

i think you've seen people within his administration and has tried for more than a year to talk president trump out of doing this. he's forged ahead anyway and it's hard to see people of proximity making a case against him. >> the market think that maybe gary cohen may be getting to him a little bit because you have interpretation of the president's comments. peters been asked about it as recently as this morning and says no it's not. we will get into china in a moment. china is predicting six and hal half% economic growth this year. what does that mean. it actually grew faster than not this year. how are they setting themselves up and how is the chinese reacting to what the

president is doing. the u.s. markets are really bouncing back with different interpretations of what the president is saying. we're up to 66. look at that. whoooo.

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we are back in getting to china. the asian markets were down and that's before we had a turnaround. it's 273 points as we have a different interpretation of trade as we did last week or the chinese have set a target of six and half% economic growth this year. we o'clock here with us in the studio. it's good to see you. have we read into what they're saying. >> first of all you have to take the chinese number with a grain of salt. credit is still moving to an industrialized economy so it is totally different.

the demographic will cause a major problem in china but they're not there yet. we are mature economy and have a demographic -- >> out of that transition or their economy impact how they react to what we are doing now or what president trump is doing on trade? we get all these reports as a we need us more than they need them. how does one impact another. >> we are in global economy where we are mutually codependent in a big way. the chinese economy were to tank, we would get hard. china is a huge exporter all over the globe. so really, it's mutually assured, neither of us want to play that game.

where much more sophisticated, we have a budget deficit that you all the time. what you don't hear about is the surplus in services. we are sending very high values overseas. >> that is an interesting point because it brings up what president trump's attitude has been which has been zero-sum. he appears to view the world as winning or losing and it's not always that simple. >> it's usually never that simple. i hope it's just that he's being crazy like a fox. >> i don't know that he is. he said that on twitter, he basically came out and said it is a negotiating tool, we can

get better nafta and cut down on these taxes but i don't know what he's doing. >> is important for viewers to understand that trade wars are not good and rather than it's easy to win, nobody wins because you don't buy stuff from another country if you don't want it. when we hear about the trade deficit, that means were buying more stuff from mexico, canada, china than they are buying from us because they are an exporting nation. i see many people watching have in their mind, fine, i hear you, your argument makes logical sense, but what we do. if the chinese are dumping all these products on the market, they really are playing unfair. if we can't fight a trade war. >> what you need to do is be very targeted. for instance, with the steel terrorist, you're hurting canada the most. with canada we export more to them than they export us and

yet what are they going to do but i was actually talking to a steel executive in canada about a year ago and maybe will send a little less raw steel but what will do is ship it to the real carmaker in canada or the guy who is standing auto parts. he's got a big advantage now because the steel will be cheaper for him and then he'll send it to america. who gets hurt, the blue-collar guy in america who might've voted for trump who is making railcars and auto-parts. what you do instead is you look very targeted and you say we know that they are dumping steel. first we want to do it right and we go to the trade organization. if they don't act, then maybe we take a very targeted approach and that puts the other country in a tougher position because they can't say were selling this at less than cost. >> that's a really good! we have to go now but we may see a targeted of roach when it comes to intellectual property.

>> and frankly, more important. >> a bigger trade action. >> good to see you. president trump addressing a possible peace deal between the israelis and palestinians in the past year with benjamin netanyahu at the white house. >> we will see. we are working on it very hard and we would like you, look, it would be a great achievement even from a humanitarian standpoint, what better if we could make peace between israel and the palestinians and i can tell you, we are working very hard on doing that. i think we have a very good chance. >> we have the former deputy defense secretary, peter brooks is with us. the president said very similar if not exact same thing in the past. geriatrician are supposed be heading up this effort and has come under some scrutiny and had his security clearance downgraded. does that have an impact on

all this? >> he was a key player but the state department is playing, rex tillerson is playing so i imagine this is continuing. the president said at the high priority for him. it's putting personalities aside, i think the president is committed to try to put out a plan. >> how, what's the realistic approach to this? the president himself made the joke that this is the hardest deal of the mall and he's right. people look at it as a boy, if you try to make some other deal, this is hard. he said that in the meeting last hour. how do you do it in a modern-day? >> it is difficult. clearly it's been elusive, it's been challenging, the president has made some decisions such as moving the embassy to israel which had a negative effect on the palestinians willing to engage, i support the president's decision to do this but the fact is the palestinians are a player. they've had challenges on their side, remember you've got to competing fashions

among the palestinians and the west bank and you also have hamas in the gaza strip and they tried come together. who do you talk too? do talk to hamas? they are on our terrorist list. there are real challenges. not sure they been eased at all. this is a very difficult thing and there is the israeli side as well. i'm sure the president and prime ministers are not in yahoo are going to talk about the. >> do you think the prime minister has been weakened by his clinical problem at home with this corruption investigation he's been facing. >> that kind of outside my wheelhouse, it's more of an internal issue but israel is a vibrant democracy, whether prime minister netanyahu's days in office, he will eventually move out of office because of the changes in government, there will be other opportunities to work with other leaders as well, but i really can't say and i

don't know enough about that situation. i'm not a legal scholar or a lawyer. >> that's fair. yours have your own and president trump has his own political pressures at home and as you talk about the palestinians, they might as well. the other thing is a run, that seems to be the prime ministers big, the thing he really wants to focus the most on, at least that's what he said coming into this meeting. what can be accomplished their? i know he talked a lot about scrapping the iran deal. >> this is another big challenge. the president has to decide whether to waive sanctions coming up in may, you remember the israelis to shut down a drone that violated their airspace. there are rumors about the iranians building factories in syria which is another issue and to build weaponry. this is a threat to israel. the threat to israel's national security. it has a tremendous concern and obviously the u.s. has

tremendous concerns about iran. they want to discuss this and look at ways like sinai egypt or the civil war in syria. >> the deceiver. peter brooks. >> the report on fbi leaks is expected soon. we'll talk about that whether it's pinpoints, where the leaks are coming from and what they all mean. the markets are off to the races. up to 80 on the dow. mvo: you're not doing work to help somebody, you're gaining something from meeting mr. adderley. it's a calling to not only everybody in this neighborhood in miami, but to the nation how great we are. and how great we can be. ♪ ♪ i'll stand by you. ♪ i'll stand by you. ♪ and i'll never desert you. ♪ i'll stand by you.

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coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum -- just to help you improve your skills. boom! that's lesson one. education to take your trading to the next level. only with td ameritrade. i've told a number of people about this, regardless of the white lies, and what it meant, the fact that everyone seem to know about it, it's almost as if someone is paging it out of the room. >> leaks are a serious problem in washington in the have to be dealt with. we just learned yesterday that the former deputy director of

the fbi was authorizing leaks in his official capacity to the wall street journal regarding the investigation into the hillary clinton e-mail matter. >> that was the republican congressman from virginia speaking to neil, the justice department inspector general is expected to show a report. he will be criticized for allowing all the leaks. so much for thinking that any of this would be cleaned up. i was one of the things when john kelly came in that said we've got is under control with the leaking. anything but. >> congressman can't be shocked that there's a lot of leaking in congress and all over washington. i think one thing to note about the mccabe report is it is the inspector general say that he behaved improperly but his reaction was someone who

could authorize that. you might say he went to far not disclosed information he shouldn't of. >> what is the line of matt, generally speaking in terms of what you can put out and what you can't. >> they'd certainly allow you to correct what reporter say to make sure they don't put out an incomplete or an incorrect report but you can't disclose additional information and what it appears that the i og will say is that mccabe and his authorization went too far in explaining and disclosing things that the reporters didn't already know. we will have to wait for the final report get all the details. >> that first part of the club that we played was in reference to hoe pics, the white lies and i guess we could start to guess where those might have come from but there are going to be leaks from congressional committees to help one side or another. have out of the white house. like every else i read every

morning and it seems like there's a fair amount of leaking still being done. >> the ceo of our company has a great line on the subway house, everyone leaks at the white house up to and including the president. on the hill it's very partisan issue with these investigations on the committee to come very partisan on both sides of the aisle are taking targeted leaks on the information they want to get out but there's one key point i would want to make, is one group in this town that doesn't we get all and that's the molar investigation. we have gotten any details of that. >> when he stopped for a second. we find out something, for example, if you look today there's a hit list mentioned about who muller is supposedly asking about and one of them is a president. when we read anything about the investigation you said doesn't come from the muller team. >> were clear and are reporting, these are documents

at the muller team has given out to other teams. people quoting lawyers thing now muller is going after this, now he's focusing on that, no one knows. this is just conjecture and guesses about what their guessing. >> it can bring up a larger point. whatever it may be, we are not getting the context of what the investigator, muller is thinking or strategizing about or looking at. we had a leak of something, whoever leaked it, they don't know all that. >> though the key point we made on saturday that see all the stories, it's very interesting, coming from the lawyers but only muller and his team of lawyers know exactly what they are zeroing in on and remember that he was supposed to focus on election interference and other items. he can follow whatever string he wants and we won't know the real answer. >> so decide that something

really could come out of nowhere, maybe there's something to that. >> i guess i was in russia when the indictment broke and that maybe should've been a surprise that he indicted 13 russians, but the fact that when he announced it and what they were doing, a lot of that was gripping stuff to read through that because we were surprised. >> that's also just the start of it. it's very obvious that there were people possibly involved in that interference but that could just be the beginning. were sort of pulling threads of the sweater. best comparison i can give to this is that if you think back to clinton administration when he was impeached, they were lying about the monaco and ski. >> we've got to go so one more quick thing we are up to 38. seems to be the integration of the president wants to use these tariffs as a negotiating tactic. he said that last hour and tweeted about it today.

the white house traded visor was asked about it and he said no this is nothing to do with negotiating nafta. what's really going on inside? >> there's a titanic battle going on between the globalists in the naturalist. trump, at his heart for his entire career has been much more aligned with the nationalist than the globalists. >> did some to get to him over the weekend? >> i think they're still fighting back and forth. he still pushing back against it but he wants the tariffs to stay. but i don't see him backing down on that. >> you been consistent. good to see you. >> the senate did finally come to an agreement on legislation but it's not immigration or gun control. we will tell you what it is, the latest on capitol hill, coming next.

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>> let's get back to washington with another important story. the senate is expected to vote on rolling back bank regulations. that's something we've been waiting on. adam is covering it all. we are to about the economic growth regulatory relief and consumer protection act. easy for me too say. this is mike's bill which, once it passes the senate and it will be a fight, there will be debate this week but it is expected to his past. then it has to go to reconciliation with the house. here's the deal pad we want to show you come the democrats who are in favor and cosponsoring the legislation which eventually rolls back some of the 2010 dodd frank report form. then, those are folks who are senators, democrats that states that donald trump won in the last election. then you got people like mark warner from virginia who is a cosponsor of this, thomas carper, christopher coons and

michael bennett, all of them on board. there are senators like elizabeth warren and brown and schumer who are against all of this. eventually it eases the restrictions on mortgage lending for banks that have less than $10 billion in assets. it would also change the threshold for regulatory issues regarding investment, proprietary savings and raises the threshold from oversight to 250 billion. to give you an idea of where this is all headed, senator crapo had an exchange with jay powell last week and his what they talked about. >> is it accurate that this provision does not restrict the feds regulatory and enforcement authorities to ensure the safety and soundness of financial institutions. >> yes. >> and, finally, is it accurate that nothing in this

provision would restrict the fed's ability to ensure large financial institutions are well-capitalized. >> yes. >> but of course there are senators opposed to it. democrats elizabeth warren has a ready come out and said to me this bill says it's all about how washington works, this is washington working for the rich and powerful, not the macon people. then there was senator brown who is opposed to the bill. here's what he said at the same hearing mike crapo was drilling him at. >> i think you are need to be focused on ensuring the fed doesn't prevent the buildup of risk in the market. the great moderation turned out to be not so great. we forget that lesson at our peril. the fed needs to take the side of consumers, making sure the financial system stays strong and regulations are enforced. >> simply put, this is expected to pass in the senate. debate starting tomorrow.

one of the key issues, it would ease up mortgage lending regulations for banks which have less than 10 billion in assets. >> i think this and maybe we will see other bills for investors in the banking sector. adam shapiro in d.c., let's get to guns. house republicans working on a school violence prevention bill. certainly, at the very least in question right now that trump 2020 advice remember, also democratic strategists and refinement, welcome to both. let me start on where the republicans are at with all this for there's a lot of talk at that meeting, that maybe it angered by going too far on gun control, i just don't feel like in the congress they are bored with him. is it all focused on school violence? >> it's interesting, from the very beginning, i said from

the very beginning, we should be talking about what we can agree on. there are wonderful opportunity for a bipartisan victory for the children if we can take all of the gun stuff off the table and focus on what we can truly. >> me an example. although right and are with us. give me an example of what you're talking about. that could be a number of things could what can we agree on. >> i think securing it like we do post office and airplane. >> but nothing on gun control. gina is talking about school safety which has become the big issue for republicans. >> sure. i'm a big fan of school safety. kids should be safe when they going to the schools. they should be safe sanctuaries but putting the ball on gun control is nothing but cowardly. 97% of the american people support universal background checks. we can't seem to get that passed in the united states senate. it is unbelievable we can't enhance mental health

measures. >> let me ask about background check. that is interesting. there's a bill that doesn't go to universal background checks. that's something i can get enough support and i might have to come back to you on this because it might be the democrats a hold something like that. what you think will happen. >> and the president has been very clear that he is willing to discuss all ideas and put them all on the table. this is about saving kids. but get the school secured and then argue if that's what we have to do over the partisan issues on gun control. getting the school secured first is a very important first step. it's like talking about building a wall before you deal with immigration. it's the same thing. if they get the bill through the democrats block something because the christendom of the democrats is that they could

make the perfect the enemy of the good. they might want to get to the universal background check and maybe there aren't the votes there. how do you see it playing out. >> i don't think we will get the perfect here, we can't get barely anything past. if we have the opportunity to get this bill which tightens background checks and makes it better, as you say it's a fixed next bill, i don't think the republicans will. you have double talking donald trump talking about one day supporting all these gun control effort in the next day tweeting about chris cox at the nra. >> that's not double talking. >> it absolutely is. >> all you want to do is obstruct but that is the president. >> you're absolutely not listening. >> wins the last time you saw a democrat president put cameras in the room and listen to them. >> $40 million from the nra. he was for all these things. he is for increasing the age from 18 to 21.

>> this might be one of those situations where we are talking over and passed each other and on top of that we've got to go. i apologize. we appreciate you coming on. we've got some news on amazon, after the break.

here's the news alert. united airlines has a program they were going to try out but their pressing paws on it. they were going to replace bonuses with a lottery program. employees would enter lotteries for cash prizes. one employee would be awarded 100 grand. they're getting rid of that. you have your colleagues sitting next to you and they winner car in a lottery, you would be very happy. let's go to the district. jerry joins us now with the story on amazon. amazon is getting into everything. there's talks with the big banks, what are they doing? >> that's what we think.

pretty soon they might be a banker as well brother talking to j.p. morgan chase to build the checking account style product to appeal to younger customers. they could have big benefits for amazon reducing fees they paid to financial companies and giving the retailer even more information about customers income and spending habits. no answers on what it would look like conventional accounts. to be sure, amazon would be the actual banker. a slew of revelatory requirements would prevent that. reaction could be negative, walmart endured opposition when they considered obtaining an banking application. they recently rolled out a card that gives shoppers 5% back on amazon purchase it. capital one is in the running as well.

as a send it back to you, i want to say, no industry more ripe for something with more competition, some fees for checking accounts have gone up in past ten years over that tim time, up 55%. if amazon could come in and cut costs for consumers, that might be a big thing. >> to everyone else so why not here. you know david is coming up in a moment. here's what is going talk about. >> the biggest problem is china. we went up $500 billion. how previous presidents allow that to happen is disgraceful. we will take care of it. thank you all very much. thank you. >> all right. david is the cohost of after the bell on the foxbusiness

network. the market kind of like that. >> i would say they would like hearing were not to have a trade war, you better believe it. i think there also buying into the notion that what the president was doing last week was setting the stage for nafta renegotiation. at first people were saying it's about time we hit hard on china, china's only 2% of the steel imported to the u.s. most of it comes from canada and mexico, countries that surround us for this may have been a set up for renegotiating nafta, and if that's all it was, i think markets are a little relieved. >> the messaging on this has been messy to put it mildly. earlier his members said now it's nothing about nafta when they were asked about it and now today he says it is. china tries to get away with

murder with us and they restrict all kinds of products we buy to send to them through restrictions they have for us. it's just nonsense. there are ways to deal with it without punishing the consumer. tariffs across the board that punish consumers, i know wilbur will ross had the little tin can last week and said it's only gonna cost a penny. you add up those pennies and adds up to real money. we just made fun of nancy pelosi a couple months ago for the crumbs, saying a thousand dollars is just crumbs. while a thousand dollars in next her cost is not to scroll either. you be synthetic to the american consumers. you can single out china with quotas. you can say okay if you're going to stiff all the products we want send to you, we can put a quota against you to keep your products and coming in. but an across-the-board tariff raises prices. >> the issue with china is intellectual property and there's a case pending an

investigation that's been going on since august of last year on intellectual property. it's possible that is the next trade action. it's possible that's the more important trait action than all of this. and that is targeted. >> that leads me too believe and the markets believe, and that's why the market turned around, that this was a set up for nafta. what he was talking about was steel and aluminum, it's clear that in terms of percent the canadians are much more important part of this the chinese. if you want to deal with the chinese and what they're doing, and the europeans are doing a lot of nonsense by keeping our products out and assuming they have the right to bring all their products in. that would be on a quota. deal with them individually. say you are screwing us, we will get you for that, but not screwing the consumer in order to pay back foreigners. >> you forget about canada but

it comes back to us. >> by the way, steel industries did very well last year, even though we were importing more foreign steel. they had their best year since the recession. >> we will see you at 4:00 p.m. thank you very much. we will be back after a quick break.

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to act right now and send an emergency gift of just $25 so that we can help more frail and lonely elderly holocaust survivors in the former soviet union before it's too late. >> we're back, what a world. the market is up 278. the dow was down early. it turned around.

trade wars are easing. we played the comments with israeli prime minister benjamin netanyahu, where he said i don't think you will have a trade war. here is trish regan. trish. trish: thank you so much. president trump doubling down saying enough with bad trade deals that hurt american workers. not backing down on teal and aluminum tariffs despite opposition from a lot of folks. these terrorist cost be part of nafta negotiations which he says has been a disaster for america. he assures everyone this will not lead to a trade war? is he right? stocks are soaring amid the news, with the dow up almost 300 points, hovering near the highs of the session. i'm trish regan, welcome to "the intelligence report." we're looking at both sides of this argument.