speak. we've got a terrific jobs report at 8:30 eastern time this morning. last night there was news that president will meet with kim jong-un. you combine all of that. it's positive. interest rates staying relatively stable and the dow is rallying nicely. see what i do for you connell mcshane? >> it's on a tee, that's a baseball joke for reference. great show, thank you very much, have a terrific weekend and welcome, everybody. what a difference a day makes. connell mcshane filling in for neil. we welcome you to cavuto "coast-to-coast." tons for investors to digest and like what they see from the jobs report. the report was strong, but not too strong, and that's a key for the market, helping to drive things today with the hiring surging, so is the stock market. on top of that we have this shocking sitdown that is being planned between that man, kim jong-un and the president of the united states, donald

trump. so that came to us late last night, seemingly out of nowhere. another thing to be considered here on a friday. remember the tariffs? that was all the rage all week long and suddenly not as many people are talking about it but the president did sign it yesterday. so yesterday the tariff story. the white house here on a friday afternoon, hillary vaughn is there for us today, and they've had quite a 24-hour news cycle at the white house, what's the latest? . >> the main message from the white house is that this jobs report is proof that their economic policy is working. >> it is a terrific report and it's not just the 313,000 for february, the upward revisions for january and december, and excited about all the changes from a regulatory perspective as well as the tax relief that's allowing the private sector to take off. reporter: short talking about the diplomatic breakthrough between north korea's kim jong-un and president trump after the president agreed to

in-person meeting with kim. they are cautious and will continue to keep massive pressure and economic sanctions on north korea. secretary of state rex tillerson telling the press this morning that recently kim jong-un has ramped up his interests in a face-to-face meeting with the president. >> what changed was his posture in a fairly dramatic way in all honesty was a bit of a surprise to us as well, that he was so forward leaning. reporter: the president talking with chinese president xi jinping this morning. the president's excellent relationship with china actually was a key part of making this happen, but while the trump-kim summit is getting nods of approval from leaders in china, russia and south korea, the president is getting pushback from lawmakers on the hill after he followed through to put tariffs on aluminum and steel. republicans are plotting their way to stop these tariffs in their tracks. >> i think there's a good

chance we will nullify them. at least if i had my way. i don't see it personally. reporter: short saying on fox business, they are willing to moderate the tariffs and may make exclusions for companies willing to partner on national security. connell. >> hillary vaughn from the north lawn on the white house. the dow hitting session highs, up 1.25%. the gains for the dow jones industrials, 309 points. from all the things she's talking about, the controversial tariffs to the progress, if it is that with north korea, and certainly the jobs report this morning, it feels like for a day a big momentum shift for the white house considering where we were 24 hours ago and what we were talking about. we have market watchers as well as bush 43 special assistant ron christie. i will start with you, ron, we spent all week talking about tariffs, republicans have said this is a terrible idea economically and today we come

in, terrific jobs report, last night, we're all surprised by what happened with north korea in that announcement. it does feel like a little momentum shift. what do you make of it? >> connell, good to see you, a whirlwind the last 24 hours. crazy. i worry about the impact of the tariffs. could this undermine the good jobs report? it could harm our economy if we go around and get into a trade war with the eu? it was smart the president exempted canada and mexico, two strongest trading partners but remains to see the impact what this will have on the global economy. >> where do you fall on that in particular, it is an argument, erin? . >> one thing is how it affects the congressional race. >> i'm going to pennsylvania monday to cover that race for us next week. >> the pittsburgh area district. >> it's a huge story, it has been. some people have said the tariffs were time to coincide and help the republican that's running there. you are right, it's a big part of it. what do you make overall, it's a strong jobs report in the

middle of everything else? >> the "new york times" has a number of stories how good the economy is. it is going gang busters. it is a good week after a terrible week and the beginning of the week with sam nunberg and everything going on in the russia investigation. >> seems like six months ago. >> there is no coordination, paul ryan put out a statement saying he's going to fight this. so the white house could have done a better job of rolling it out. that's where you might see fluctuation in the market. >> david? >> i would follow what she said, the communication is probably suspect, but they're starting to walk some of that back. one of the key things peter navarro and the president understand is key deficits are a transfer of wealth. even warren buffett chimed in on that as well. >> is this jobs report, in other words, it's not too good, it's great on the headline number but the inflation number is not what we thought it was in terms of being an issue? >> this is a blowout number,

exciting noise for americans and stocks and the economy. probably the thing causing the market to go as high as it is today, wages were just a bit soft, and that was the data point that drove this down and drove us into correction territory a month ago. >> are you going to go goldilocks on this economy or is that a little too much? just right here and -- surprising to people to see the wages number to david's point not being a little stronger. >> and i think they're really going to have to focus on the midwest and the south and job growth and the rural areas, that's where president trump failed to focus and he's going to have to focus there. >> who wants to talk about north korea? >> we're all-in, i think. >> h.r. mcmaster might be leaving and rex tillerson was going to leave earlier this year. they certainly can't leave now, if there is actually going to be a meeting with the north korean leader, there is going to have to be a lot of prep and you cannot have these big -- >> not a bad point, it's a good

point actually, it did literally come out of nowhere, ron. the president peeked his head into the briefing room and told reporters a big announcement at 7:00 and he's accepted this invitation to meet with kim jong-un. you worked in the white house, presidents have had opportunities to meet with -- to previous his father or with kim jong-un when he took over, his grandfather. president bush who you worked for, 43, you worked for him. why wasn't it a good idea then, why is it good idea now? >> president bush labeled north korea as axis of evil. if you look at the president with the president of the united states, it gives him the legitimacy. >> all does the argument that hey, we've tried that for years, let's try something different. nothing wrong with talking. >> i would not do that. send the secretary of state in, a lower level official, i would not go to north korea, i would go to geneva. having the president meet with

the north korean leader. >> we've been there, we've done that. this is a good move. we're already telling them, not rolling back sanctions, carrying on military exercises, nothing changes. the foot is still on the throat. the fact they've come to this president, i think this is great news. >> what can we -- let me ask you this, and erin can weigh in. what can we, the united states, get out of this? what's the goal? >> the denuclearization of that region and peninsula. that's the ultimate goal. he is saying we're not going anything less than that. i don't think we have a lot to lose here. >> how far we've come in ten years, around ten years ago president obama inside a debate he would be willing to meet with anyone without preconditions and had to go back and defend that later and staff freaked out. we shouldn't be saying that. it's happening ten years later. >> at the time, have you republicans say you're naive, and now shoe's on the other

foot and democrats are criticizing this president. give ron credit for being consistent. [laughter] >> it's a good thing. >> on all these issues, take it issue by issue. >> you do. >> well, you have been from the beginning fairly critical of this president as a republican. >> i have, but ultimately give the president his due. >> what's the best thing he's doing? >> economic policies are working. he's taken his foot off the boot of the american economy and it's thriving. business have a lot more confidence than they used to. this is a great climate for the economy. >> for david and erin and david take this first. the end of the week, a friday. the huge story, two big economic stories, one is trade, the other is the jobs report this morning. >> jobs number one, clearly. what americans care about. >> does it override the other eventually? >> certainly doesn't. >> erin? . >> i'm with him. jobs report. >> we're finishing on an upnote. none of you managed to talk it down. the markets are up 320 points.

>> a couple seconds. >> we have gasparino coming up. thanks to all three of you. appreciate it. it is a nice gain today certainly for stocks and a huge gain for jobs, the biggest gain in a year and a half, and what this means for the future of interest rates and everything else. we'll take a closer look at other angles on the hiring surge that we've seen, also look at apple today on track for a record close. now up about 180 bucks and the dow is up 321. we're coming right back. you know what they say about the early bird...

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. connell: blowout jobs report, 313,000 jobs added. unemployment rate 4.1%. the market up as much as it is largely because it wasn't too strong. dow is up 334 right now. inflation, that was the big concern we had. remember? last month? suddenly not as concerning. adam shapiro in d.c. to break it down. >> hey, connell, let's look at the measure of inflation that had everyone upset last time. we got the last jobs report for

january and what they saw, the investors was wage growth, year-over-year at a pace of 2.9%, that was off the trend of 2.5% and saw a sell-off the next day in the market based on that. so what do we have this time? wage growth year-over-year is actually at 2.6%, and that's down from the 2.9, they revised that 2.9 to 2.8. it means it's not quite as strong as investors had worried but also brings into question the fed. the fed has made no secret of the fact they're concerned that wage growth, wage inflation has not been on par with what they expect with what appears to be full employment. i'll remind you the minutes from the last fed meeting in january which we reported on wednesday talks about wage growth picked up at a, quote, moderate pace. the bottom line is wages have been somewhat flat, the wage growth picture over the last year or two, and that is one

reason people believe the fed may be less inclined to move from three interest rate increases this year, that's what the dot plot told us in december, should expect three after the 2.9 reading in wage growth, investors thinking four. i think it was goldman said we might get five, but then you see something like this and the expectation is no, wage growth is not so great therefore the pressure to raise interest rates isn't great either. we're going to find out officially on march 21st. markets have priced in increase, we'll get the new dot plot and the majority of members of the federal reserve, of the fomc, the board of governorers inclined to stick at three or go to four. the market is betting we're going to stay around three. connell: dot plot, i like it. adam talks about the fed relaxes when it comes to interest rates. pick it up with jon hilsenrath,

you know, it's interesting to look at this because, it was about perfect for the stock market, up 339 right now because we got a great jobs report. a blowout figure. but this wage thing was surprising to people. what's happening underneath the numbers here? >> so i think the wage piece that you've been talking about is really important, but there's another facet of this report which was equally important which is that the economy is doing well, the job market is doing well and people are coming in off the sidelines, people who are discouraged, who haven't been looking for work. so we're seeing the economy drawing people off the sidelines, and what that means is you have a good economy that doesn't show signs of overheating. you know, we talk about no slack in the economy. when it's drawing in people off the sidelines, it can keep running at this hot pace without causing a lot of inflation that forces the fed

to overreact. 800,000 labor force growth, that's a huge number and really important. connell: so that's labor force participation, they look at that as closely as the wage growth, is that what you are pointing out? >> certainly the fed does, everybody wants to see wages rising. fed wants to see wages rising too, but want to see it without a lot of inflation, and what you see if you see people drawing back into the -- coming back into the labor force is this possibility that you can keep the economy growing, you know, 300,000, 200,000 jobs a month without causing the overheating, they're looking carefully at labor force growth and labor force participation. connell: on the question of overheating, it would seem, if you look at it logically, the policies in place in washington would be inflationary by the nature, all the money that we're spending and you know whether you agree or disagree with it, military, social

programs, everything else in the latest budget, and talk about the tariffs, right, which could lead to higher prices, that's the argument if they go forward. looks like we're throwing inflation at the system but it's not quite sticking yet? what's happening? >> i would say that there's a lot of policy getting thrown at this economy right now, as you say, with tax cuts, with spending increases, now with these tariffs, this is all still really fresh, you know, you think about kind of a soup, adding a lot of ingredients into the soup and it's going to take a little while to figure out how this tastes at the end of it. going to take months before we see how much inflation comes out of, for instance, the tariffs that the president just said he was going to impose on steel and aluminum. we're not going to know for a while what that does to the economic back drop. in theory, tax cuts ought to speed up economic growth and

cause a little bit more inflation, and in theory, the tariff increases ought to do the same, but as we saw in today's report, there's other cross currents with labor force participation that could work against that. connell: it is interesting, fascinating, because you can tell even people in the markets figure out what's going on with everything. >> that's why i think we're seeing so much volatility in the markets. people are uncertain what to make of all this. it's a lot of policy change happening in a short period of time. connell: kind of the world we live in. let me ask you about one breaking story off the subject but stuart varney talked about it in the last half hour as it broke from your publication the "wall street journal." a huge story on wall street. lloyd blankfein, the ceo at goldman sachs for many, many years, 12 years, i believe. he's getting set to exit that position by the end of the year. of course, goldman in the news all week, i think people were thinking about it because of gary cohn, his number two, who is now exiting the white house,

we can calm down on anybody thinking about gary cohn going back to goldman sachs. >> it looks like the choice is going to be somebody internal, and some people would say this is a change that's been -- it's overdue. lloyd blankfein was the face of goldman, goldman was the face of wall street before this financial crisis. i would say goldman has lot of mojo. jpmorgan is now the face of wall street, and jamie dimon is the face of jpmorgan. goldman has to get its mojo back, that comes with new leadership. connell: interesting. you are right because it was, and whether it was the revolving door from wall street to washington that goldman has been known for or the way it ran its own business. >> and the fact that goldman got bailed out and jpmorgan was buying other companies, you know, bailing out bear stearns. goldman took credit from the government, and they might have been in trouble without

government support. connell: we were to the point, goldman getting into retail or consumer banking, nobody would have thought that was possible in the old days when it was the white shoes firm. >> i think goldman is trying to find its way post crisis. they were the big deal maker, the big capital markets titan and looking into consumer markets. what is goldman sachs right now? i think it's lost its mojo and time for new leadership. connell: and they'll get it, one of the co presidents whether it's harvey schwartz or david solomon. >> good to see you. >> thanks. we'll get back to the goldman sachs story and talk more about president trump's meeting with kim jong-un. north korea and the united states getting together. what can we get out of it? we'll talk about that and keep an eye on the soaring market. up 335 on the dow. 25,2 is where we are. more to come as "coast-to-coast" continues.

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charles: so, president trump accepting the invitation from kim jong-un to meet and there are a lot of questions that that certainly brings up whether it's proof that mr. trump's strong rhetoric is paying off that's an argument in favor former ambassador to china and former senator the state of montana right now, but i believe you argue that it's not such a great idea senator, tell us. >> well, connell, we just don't know, what does kim jong-un want i think we should put ourselves in his shoes. he's very smart. he's like a fox. north korea has been to this rodeo before. what are his goals? number one he would like to divide south korea for the united states and number two he very much wants to be on the united states with american president trump and that enhances his pretige tremendously with his whole people and after that he is now talking to the world from a position of strength that is he's already virtually a nuclear

power. he's got a lot of cards to play here, and he's going to play them because he's very smart. what are some of the things we have to work out here? number one, is it the denuclearization of the peninsula? i doubt it. he won't agree to that. is it cutting back at some of the missiles, well how do you verify that? we're going to want for example, him to not proliferate that cell nuclear technology to pakistan and other countries how do you verify that so there's an awful lot here that we have to work through but i think frankly, in the first inning, kim jong-un is hit a home run and he got a meeting with the president of the united states that gives it a lot to talk about. connell: now the counterargument from the president's point of view i suppose would be something like do you know what we've tried a lot of different things with north korea over the years but we've never really tried this so maybe it's worth a shot.

you say? >> well, that's a good argument. i've dealt with north korea lots , i've dealt with the chinese trying to deal with north korea many times, and we didn't get anywhere, frankly, so we'll see. connell: by the way so what, sorry to interrupt but what should the president's goals be you talked about what kim jong-un's goals might be or how they might have already been accomplished and, you know, maybe you don't think it's a good idea but now it is going to happen what should his goals be? >> well clearly, we all want peace on the peninsula that's the ultimate goal here, and we have to figure out how to do that. we're going to have to consult with japan, south korea, china, other allies to try to find a way to get that result and it's going to be very complicated but sitting down talking with president kim is a good start. let's see where it goes, but going in with eyes wide open and get all our ducks in a row

before we sit down and meet. this is extremely complicated stuff. connell: we've already seen it there's been this narrative out there that says what if he's playing us he being kim jong-un and senator lindsay graham i think put a statement out last night warning against that saying you better not be playing president trump or, you know, basically wipe you off the face of the earth so that would lead to the theory that maybe this could go one of two ways, either be terrific or terrible. is there a middle ground? >> well, like most things, it's deeds, not words and the deeds here are the proof in the pudding. what is each side going to put on the table in terms of actual actions and deeds, and clearly we want peace and i assume kim does too. he would also like frankly to have control in the peninsula if he could himself. we're not going to agree to that clearly. connell: no. >> let's keep working at it and see what happens here and work toward peace but remember, we've

got to be clear and keep our eyes wide open. this guy kim is a very clever fe lla. connell: as a final question, just a real quick answer for time, what about china's role in this, are they helping or hurting? i know you know the chinese quite well. >> yeah, well, china would like to see stability on the peninsula basically what china wants. china however does not want a peninsula controlled by south korea/united states. they don't want that at all, so they're watching, there's a phone call already today between president shi and president trump, basically saying well thanks for doing this, mr. trump and hope things work out well that's typical of the chinese. they don't say much, they just stay in the background but they're watching very closely any solution on the peninsula is going to have to include china, because china is with a big block here. connell: former senator also the former ambassador to china, thank you, sir. >> you bet. connell: we talked about this

wall street journal report on goldman sachs and what it's set to get out by the end of the year. more coming up from our most distinguished panel of the week the bitter boomers are on their way in charlie gasparino and we'll still at 333 right now on the dow following the jobs report. nah. not gonna happen.

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connell: so we talked about this wall street journal story on the goldman sachs ceo getting set to get out by the end of the year at goldman. he's been there 36 years, ceo since 2006, so, with that, to our bitter boomers on that and more, liz macdonald, charlie brady and charlie gasparino and i said it i would fill in for neil all week long, the only -- charlie: this is the caveat. liz: [laughter] connell: i had to be able to reside over -- charlie: caveat is i'll do it as

long as i don't have to hang out with those old luna evers. liz: [laughter] connell: once you start you'll be on for an hour and a half. the stock price under mr. blank find, somehow that's how we measure that. >> 84% since he took over in june of 2006. total return if you include dividends 112% total return. connell: and that compares? >> well just like 15% return for the financial sector shows you how he shepherded the stock. charlie: here is what i'd say and let's, the floor is yours, about two months ago i reported that he was thinking about announcing his retirement. >> you've got the scoop, charlie charlie: but i never thought it was that big of a deal because everybody knows this is the year he might go. now why might he go? goldman sachs particularly after i would say 2013, has been under performing the financial sector. way underperforming. there's real questions about its business model. he never adapted the business

model to the sort of anti-risk dodd-frank framework that say morgan stanley did and what happened with lloyd is that he survived a health issue. it's cancer, and thank god that's great. he's much better from what i understand. it's completely in remission but the problem he had with his board is that they are questioning his ability to shepherd goldman sachs to the future. goldman sachs did very well after the financial crisis for a major reason. they were bailed out because of the aig bailout. they got some money from buffet. they were essentially the only game standing who could sit there and trade treasuries and mortgage backed securities as the fed was basically inflating its balance sheet with those and by the way, the first quarter after the financial crisis, goldman sachs made $4 billion. like a record. >> [laughter] charlie: pretty amazing so he benefited from that government

bailout, but lately the last few years, he hasn't and i think what you're seeing now is goldman saying we need a change in business model. we don't think lloyd is the guy, and the real question does gary cohn come back. connell: the journal says it will be one of the two presidents. >> not david cohn. liz: [laughter] >> but the interesting thing just following up on what you're saying, charlie, is that he did terrible in a market that had no volatility. >> absolutely. >> now he's getting out when there's volatility coming back that's the contrary. >> to your point. charlie: here is what i'm going to say the next quarter for goldman sachs a lot of people are saying is going to be very good because of the volatility and if you look at the trading of the stock people predict that goldman's trading will do

amazing. connell: would you give him a hand with his earpiece? charlie: [laughter] i don't get it. >> my brother from another mother. connell: we're up 335 on the dow right now, so, e-mac? i guess we were talking about this earlier whether the question is huge story of the week is the jobs report that we got this morning or all this talk about tariffs that might upset the economy down the road which one do you take? liz: i think the markets going to do what it's going to do. just watching it this morning watching the action on the dow, i, the big whopper was what were the tariffs going to be, fill in the blanks for a few days, we still don't really know, i think it's going to pick and choose its fights where it wants them where can we get our steel supply from other countries, will it be as bad as people thought? it was sort of, you know, ready, fire, aim the thinking from the white house and so, you know, i

think people now are saying look he's going to be flexible. it may have an impact. connell: well this jobs report charlie is about perfect if you're investing in the stock market. >> you've got strong growth and wage inflation pulling back from a multi-year high. liz: that's why the 10 year yield is there. charlie: if you look at it, in rhetoric who knows but it looks like he backed away from a lot of the worst things about the tariffs at least threatening, maybe this is an environment that gary cohn or maybe an environment now that he's less protectionist, who knows because trump i don't think knows. >> there's so many things we could worry about. charlie: what's that? connell: i don't even know if we can get into whether gary cohn will be back. charlie: i'm using that as a segway into saying maybe he's less protectionist on trade. connell: oh, trump is. charlie: i was just throwing that out there but maybe a larry

kudlow would be a very decent -- liz: or phil graham. connell: well the market would rather see that than peter navarro. charlie: how about sebastian gorka? >> yeah, he would be great. i mean, you know? connell: navarro was named as the replacement. charlie: i think they should get sebastian gorka. >> that's just total insanity. i mean navarro is a democrat. connell: gary cohn is a democrat >> but so is navarro. charlie: we need a millennial in there. >> anyone is better than -- liz: can i just ask a question. didn't gary cohn walk out the door with 250 million plus in compensation? i think it was 287 million. charlie: well he's set for 20 years. liz: i'm saying he can do whatever he wants. charlie: well that's the whole thing. gary cohn really didn't want to leave but trump put the gun to

his head and said listen pal, support my tariffs or not. connell: one final question. north korea, good idea, bad idea >> i think it's probably a bad idea. trump is not a seasoned negotiator, and he's meeting with one of the -- connell: you have the deal. this is one of those that what could go wrong. >> you have to lead as far as tariffs go the elephant in the room, the one pulling the strings is china, and china if they want to -- >> china! >> they can cripple our defense. we near their cobalt, we need their graphite. there are a million critical materials that we could only get from how do you say it? >> china! connell: we knew that was coming liz: words escaped me. connell: good idea or bad idea? liz: words escape me right now. connell: on the meeting good or bad idea? would you do it if you were trump? liz: everybody is quoting church

hill. i think it's fine. you know? i don't place a lot of stock that trump is going to go in there and make mistakes. i think he's going to go in with diplomats. >> but look at the first meeting with xi. basically -- liz: that was a disaster. why? >> because he just gave into him liz: how? he's going after him now with tariffs. >> he said no currency manipulation. he's not going after him with tariffs. i don't think he will. liz: why? and he's also going to go after him -- >> wait a minute. he goes after china on intellectual property big time. >> but listen what happens if china says no more cobalt? then what happens to our electric power? liz: i think china is going to shut everything down. >> first of all china is much less dependent on the u.s. today than it was five years ago. right now, they're focused on the east and they're taking control. they will be starting this month

trading oil. charlie: i think it's going to be great though when you see trump and what's his name? >> the korean guy there? charlie: who has better hair. >> oh, that is a toss-up. at least the korean guy is true to himself. i don't know if trump is. >> [laughter] >> could be. connell: today is friday. did you wear that? friday during lent. >> jobs friday. liz: it's also meatball day. connell: you took my question away. i was going to have gasparino that. it's the one thing bothering me all day long maybe this is only a catholic thing but a friday during lent and today is national meatball day. liz: why! >> maybe we can get a discount. >> highly expensive stereotype question, anti-italian question. connell: why? how could it be anti-italian? charlie: i'm reporting to hr for picking on me because i'm italian. liz: we'll be hearing from you, charlie gasparino. charlie: on national meatball day you ask a meatball.

>> [laughter] connell: and the market is still up 330 congratulations. thanks to all of you this is the highlight of my career. >> [laughter] connell: we'll be back, with something else, after a break. liz: [laughter] well, it means i can trade after the market closes. it's true. so all... evening long. ooh, so close. yes, but also all... night through its entirety. come on, all... the time from sunset to sunrise. right. but you can trade... from, from... from darkness to light. ♪ you're not gonna say it are you? copdso to breathe better,athe. i go with anoro. ♪go your own way copd tries to say, "go this way." i say, "i'll go my own way" with anoro. ♪go your own way once-daily anoro contains

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connell: so this guy martin

jelly former ceo gave an emotional apology i'm told in court during a sentencing hearing which is today and it has nothing to do with the raising of the prices this is about defrauding investors that's what this case is about deirdre bolton is covering it for us what's the latest? >> connell indeed i'm in front of the courthouse he is actually crying inside. that's what we're hearing from the person who is in the courtroom for us, and as you said connell, he's not really crying about necessarily what he was found guilty of this summer, he's probably been crying because he's been in jail since september and is likely to be sentenced today for at least a decade more so his defense attorney is asking for the judge to be lenient on him and give him only 12-18 months, but listen, it is possible that he goes to prison for 15-20 years,

so the security fraud he was found guilty of this summer basically lying to investors, connell and then being charged with trying to manipulate stock prices so technically that's what he's in trouble for but he's done so many stupid things since then that the judge it seems like really wanted to make an example of him so for example , he put out what he now calls a prank on his facebook page but he has 70,000 followers and put a $5,000 bounty on hair from hillary clinton so he now says that was a bad joke but the judge at the time did not find it funny as well and she said even if you think that's funny what if one of your 70,000 followers that took you up on that so she actually revoked his bail and he has been sitting in jail so this range is unusual for securities fraud between 12- 18 months on the low end and between 15-20 years on the high end and also connell as you know , he has been required essentially to force a lot of his assets which equal a total

$7.5 million in there is some cash, a picasso painting, kind of a mix of assets that he has but it's kind of telling that we're here in brooklyn he was born here. his parents came here con from croatia and one from astonia all their lives, to provide better lives for he and his siblings so i'm sure they're particularly disappointed but as i said we're still waiting for the final range connell. connell: cut back in or break back in it's interesting how much of a range deirdre bolton out in brooklyn. now to this new axios poll that reveals there could be trouble for senate democrats trying to win re-election in states donald trump run in the last election, so political reporter joins us now good to see you lexi. >> hi. connell: we started this yesterday talking about five democrats who could be in trouble you guys add to this today with the reason they could be in trouble which is the president would argue the trump

economy right? >> exactly so 50% of voters in all 10 of these states think the economy is better than it was a year ago and a majority of those approve of the gop tax plan so that could be for democrats considering not single one voted in favor of the tax plan and now they're stuck with admitting that the economy is belter now than it was a year ago. connell: how do you counter that and just so we know who we're talking about mike west virginia , missouri. >> right, tester in montana. heitkamp in north dakota so those are the five that are most vulnerable and not necessarily that they're not talking about economic issues. i think the real trouble is when they're campaigning and the republican counterparts and opponents are saying we support this tax plan or donald trump steps in and says the democrats didn't vote for it how are they getting over that and i think it's pointing to the specifics of it what does it look like for the wealthiest, middle class americans, what does this mean for my home state. connell: are there different

dynamics at play here than in the house i've been thinking about this pennsylvania race but i'm going out to cover it next week and i was thinking about the district where donald trump won by 20 points and looks like he either may or the republicans either may lose it or will be very very close so is it different house and senate the types of arguments you're seeing in the campaign? >> so i think in terms of the way they're talking about issues it's sort of the same especially when you run in either districts republican as a democrat or states right as the senators are but i think that democrats have a much better chance of taking over the house than they do the senate. it's nearly impossible for them to take over the senate it seems right now. connell: i mean, you follow it every day but the math on that is what? >> they need to retain the seats they have and gain two seats. connell: but right now they would lose these five? >> they would lose these five so it seems highly unlikely and the house though that's not the case so we're seeing ways in which house democrats especially in red districts are running a little bit more as moderates than they would as a sort of progressive that the party at large wants to be looked upon.

connell: by the way your polling though was generic candidate right? >> right and so that's important to note. connell: that could affect it right? >> right so one interesting thing to point out is mccaskill is the only democrat on the list of the side most vulnerable up against and named opponent josh holly, trump endorsed him supported him, wants him to meet mccaskill and i think that could spell trouble but as far as the generic opponents anything could change you could have roy moore or someone more agreeable so that could change the dynamics totally by the time of the election. connell: things could change with the economy too but right now it's a strong stock market for at least today but tariffs a lot could happen between now and then but if it was held today the election maybe you'd bet on the democrats taking the house but republicans keeping the senate. >> right exactly. connell: that seems how it's going to play out, good to see you. we'll keep following this let's get back to the market for a moment because we're still up near the highs maybe a little bit off but near the highs of the session up by 329 points on

the dow jones industrial average all comes after it very very strong jobs report this morning but one that wasn't quite too strong so the inflation fears are not there. there's the market since or for the week i should say a down week for the dow, s&p and nasdac are still up today as well, it marks the ninth anniversary of what is now the second longest bull market in history. those post crisis lows on this day in 2009 we'll be right back.

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connell: we're back here hour number two of cavuto coast to coast good to be with you i'm connell mcshane filling in for neil another day. first of all you have president trump surprising just about everybody last night when this announcement came out from the south koreans that he had agreed to meet with the leader of north korea kim jong-un so that's kind of top of mind for a lot of people. we're going to be talking about it. we've also been talking all week about trade and now republicans even have blasted the president for this plan over tariffs and there's a lot of fallout for it politically and economically but today the story is jobs the dow is judging up 340 points at this hour employers added some 313,000 jobs last month around the country the most in a year and a half and even better than that on the right side of the screen wages went up by 2.6%

which was not enough to rattle investors who may have otherwise been concerned about inflation. it's seen as being just right and we have a couple of economists on who can tell us if it is just right, both joining us now as does our friend gerri willis for the fox business network. brian you're in the middle of the screen for us. >> sure. connell: is it the goldie locks scenario a just right jobs report? >> connell, well, obviously the market thinks it's just right, but actually want to go back. you know, this whole correction thing, it wasn't about fundamentals, it was emotional, it was a long time coming, and so all these people who thought it was the beginning of the end they were wrong. it wasn't a heart attack. it was just a little indy greg. the fed's raising rates, you know there's things that people are worried about but this jobs report today confirms that the u.s. economy has accelerated. tax cuts and deregulation are working, that means growth is

going to be 3-3.5% this year, and earnings are going to go up by 15-20% this year. that's what's driving this market. connell: that's interesting. >> it's still undervalues. connell: gerri, brian is making an interesting point because he's saying the reason things are good is because they're good in other words not necessarily good news is bad news as many other people in the market right gerri: this is a different way of looking at the world right? usually it's the other but let me tell you i know this is a great report people are really excited but it's mostly great for wall street. i have a quibble with this report and it's the growth in hourly wages i'd like to see that a little bit stronger. it actually went down from last month to 2.6% you're saying it's a great thing but regular americans would like to see higher numbers here. we've got to keep up with inflation, we've got to do well that number needs to go up. now having said that 80 6,000 people getting into the workforce the most since i think 1983. that was pretty darn good. connell: that was huge wasn't it

john to see that many people returning to the workforce? we don't have a discouraged workforce any more. >> yeah but the labor force is increasing employment is increasing the unemployment rate is at 4.1% and yet wage growth is less than 3%. we've never seen that before. you know the last time we had the unemployment rate approach 4 %, wages are growing by more than 3.7% annually. this containment of inflation expectations will probably lengthen the lifetime of the current recovery. by no means are we at risk of a deep and extended slide by equities as long as the economy grows rapidly enough to expand profitability. connell: now do we all agree across-the-board on this panel that the idea of the tariffs is a bad idea, and if so, is that enough to kind of override some of the optimism that comes our way on a friday, or maybe brian we've just forgot about everything we've been talking about all week i don't know.

what's your take? sometimes we do that by the way we're very good at doing that, [laughter] flipping the switch. >> yeah, the news cycle is shortening and shortening and shortening but the tariffs are an unambiguous bad, all right? connell: how bad how bad that's the question. do they override the good? >> no they don't. ronald regan he said it best. if they want to shoot a hole in the bottom of the boat why am i going to come along and shoot another hole in the bottom of the boat. that just makes us all work. we need to work to lower tariffs which we've been doing for 75 years. now we've tried this. remember, the war was a trade war, all right? so this is not new. donald trump didn't invent it, george bush put tariffs in, even ronald regan there was some tariffs that went up during his tenure but they tend know not last and over the last 75 years, tariffs have headed lower, we get these outbursts by different

countries at different times, and that's the way i'm looking at this, and then the second thing is a tariff is a tax on consumers. it is, but the corporate tax cut that we just got, the tax cut that we just got is way bigger than the cost of the tariffs that we've been talking about, so net-net, the economy is still in great shape from a tax perspective. connell: i'm trying to think of somebody i could invoke. usually earlier in the week when he wasn't working i said along the lines we enjoyed stuart varney's reports from the front lines but he's back at work today and he might be listening unless he's gone home for the week but gerri, where do you stand on all of this because a lot of people are saying we're going to start this big trade war and we have a protectionist administration and today all of a sudden we're just right. what do you think? gerri: for the traders it's just the last thing they heard about right? i just don't think that the trade deficit is the most important metric in this economy

, not by a long shot. the numbers that you're seeing today are more important, the numbers in the earnings that you're seeing out of companies more important, this obsession with the trade deficit, and trying to -- connell: well i think that the president is the one that kind of started that right, gerri? he seems to think it's a big number. gerri: but the steel industry has been in decline for over 30 years. connell: yes. gerri: so this is picking and choosing winners i don't agree with that. look 140,000 people in that industry not that i don't like them but i don't think that 6.5 million people in the industries that use steel should be penalized. connell: maybe we could withstand it a little better because the economy is so strong do you buy into that argument. >> well why do you want to do something off to further stimulate the economy when it's close to full employment? on the tariff question, we don't want to forget that many u.s. exporters face unfeared global competition in that they don't have the same access to

certain major foreign markets that these countries have to the united states and if trump is using tariffs as a negotiating p loy in order to try to improve the u.s. as strategic standing, well that's all perhaps for the better long term but i don't think trump is stupid enough to go ahead and rely on protectionism as a means of advancing the u.s. economy, especially whenever he goes over the line, the financial markets are going to tell him quickly enough, no, this is a horrible idea, just as they did back on march 1. connell: right you get a little it's almost like a message sender, but what's the message today brian as the final point to see the dow up as much as it is 350 points after the jobs report? >> yeah, well the message is the economy is in good shape, we're going to end up with the longest economic recovery in history. we're eight and a half years long right now the fed's not going to get too tight for at

least the next two years and i'm looking at a 10.5-11 year long recovery right now. connell: today is the anniversary by the way of the low in the s&p right? march 9? >> yeah, the day we changed mark-to-market accounting, that was the day we fixed the crisis. one quick point here, gerri mentioned wages. you know, hourly earnings are one part of wages but the other thing is how many hours a week we're working, and the work week went up last month, so when you combine the length of the work week plus wages, american workers are making 4.8% more per week right now -- gerri: it's all about the paycheck. connell: that is good news we have to stop for now but a great panel and thanks to all three of you for joining we have to stop because we're moving on to the other big story of the day. president trump said to meet with the leader of north korea kim jong-un and do so by the month of may.

fox news foreign policy analyst joins us now and the big question is is this the most shr ewd move or the most naive. where do you sit on the debate that evidence seems to be having >> i actually think that it's a very shrewd move but it's one that is deliberate. it seems as if it just happened by chance the way the president sometimes behaves but when you look at 2017 from the very first week of his presidency, donald trump was outlining a strategy for north korea that was unconventional, that you know, had 27 years of failed negotiations and engagement with the north korean government and really 70 years of isolation of that regime, and so when the building blocks were put in place for what actually happened connell: the pressure of the administration putting on them. >> the strategy of maximum

pressure but also the unusual diplomatic offensive, the try lateral diplomacy among the united states, the japanese and the south koreans has been exceptional this past year and continues, and even allowing and encouraging the south koreans to exert leadership having the confidence that they will stay within the try lateral camp in dealing with north korea while trying to calm the nerves of the japanese and then putting a lot of pressure on china to stay with the sanctions regime, and also bringing along the rest of the world through a set of u.n. security counsel resolution s that have put extremely difficult sanctions on all aspects of the north korean economy and i think when you look at that body of work it's no surprise that the north korean leader is ready to meet with the american president. connell: speaking of the u.n. fox news has been hold h.r.

mcmaster will be in new york on monday to meet with members of the security counsel in a closed door meeting so that's part of the backchannels or the preparation for this meeting, maybe that you're referring to. it did seem though the president caught a lot of people off guard last night in the way it was announced up to and including secretary of state rex tillerson so what did you make of that that way that that would lead people into the argument that it's a little bit haphazard but you seem to think it was well planned out? >> i think it's part of the president donald trump strategic surprise approach but again, it's not inconsistent with what he has said he would do because all along, he has said that he was willing to meet with and negotiate with the north korean leadership, but it had to be on terms that were favorable to the whole international system and indeed that's what's going to happen. the message that has come through the national security advisor from south korea is that

kim jong-un is prepared to meet with really no pre-conditions but a commitment to denuclearization, a commitment to no nuclear and missile testing, and a number of other things including surprisingly for many, the commitment to standing by while the u.s. and south korea have their defensive military exercises later this spring. connell: well all that is the military exercises or the testing all that was well okay that's interesting but the talk of denuclearization, whatever you want to call it that we had about kim jong-un since he took over in that country is that he would never go for that he's looked at iraq and other examples and he sees what giving up your nooks can do and he's never going down that road so do you believe that maybe somethings changed? >> it's too early to tell, but he does care about regime

survival. he may look at it through the libra lens but he may also look at it through the reality of that if he doesn't change course , given the power of the sanctions and the isolation in the international system that he's facing, his regime probably won't last. connell: survival, you're right probably the big goal boy this will be fascinating to watch thank you kiron, good to see you >> thank you. connell: the markets keeps going up now it's 367-368 to the up side, so that's 1.5% and for the week we've now turned higher for the dow by 3%, s&p nasdac as well. back to talk about that more in just a few minutes, republicans meantime remain divided over the tariff plan that the president put pen to paper on yesterday and well we have a gop lawmaker who supports the move, doesn't oppose it, coming up next.

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to grow your business with us in new york state sure. momwhat's up, son?alk? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom?

you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> even here in indiana the leading steel state i think it will be a danger but a big net

loser of jobs and obviously, of cost to consumers. connell: all right former budget director mitch daniels former republican governor of the state of indiana as well was on with us yesterday talking about the president's steel and aluminum tariffs and you heard him there he says oh, this is a job loser, number of republicans have said similar things, the parties divided over this we have an oklahoma republican congressman on with us right now, mullen. you back the tariffs right, congressman? >> absolutely connell. 100% i think the president is making a smart move by bringing people to the table and re negotiating these trade deals that we're running a $500 billion deficit with. connell: i'm sure obviously understand the arguments others are making which is well we've done things like this in the past, and the studies show at the end of it, yeah, maybe you saved jobs en the industries you target but you lose others and net-net you end up losing jobs what do you say to that? >> look, we have been seeing our manufactures lose jobs every day

we've been seeing jobs being moved overseas because the bad labor deals and environmental deals that we have with trade packs. we've been seeing abuse of the trade system by bringing in goods on the u.s. soil, but not allowing us to go back and trade with them without charging us tariffs. if we're going to have three trade or free-trade need to be on equal terms it's free, then we need to be able to take our products to their shores and be able to sell it to their citizens like they do us free and if it's going to be fair then let's do equal rate. you charge us 5% we'll charge you 5%. connell: you always felt this way? it seem like a republican party is shifting. you have like one would run from time to time on this type of platform years ago but the republican party used to always be about free-trade and nothing else but feels like a shift? >> well, i come from a business world just like the president. this is the first political position i've ever had but i know in politics, it looks at much different than when you look at it from a business

perspective. negotiating is about bringing people to the table. individuals would never come back to the table, why would they when they have such a great deal with us but we got such a horrible deal with them but by the president saying that we're going to start charging tariffs and he can do it on a national security perspective because of the steel and aluminum, the importance it has to us, but that opens the door to negotiating all trade deals, and you've already seen this happen even with canada and mexico where he's able to give special consideration. connell: right, final question before you go, speaking negotiating i guess as a segway into the story of the day or it became so after the announcement last night what's your view on the meeting that looks like it's coming up between president trump and kim jong-un of north korea? >> once again, president's tough talks is what's brought kim jong-un to the table, a dictator typically is not suicidal and i think this is self-preservation and what kim jong-un is doing here. the president has set the tone

and he has shown that he's willing to follow through if something were to happen with kim jong-un and his administration or his dictator ship by attacking the u.s.. i think by the tough sanctions the pressure that the president put on the u.n. and their allies , kim jong-un's allies, has shown that what he's doing is not working and he's wanting to do something to ease attention and i think kim jong-un is making the right decision so is the president by bringing him to the table. connell: something new haven't tried it before and i guess the logic is why not give it a shot maybe this will work. >> what's the definition of insanity right connell? connell: banking your head against the wall right? thank you, congressman good to see you thanks for your views we appreciate it. >> thank you, appreciate it. connell: we move on here to the markets we've been talking about them throughout the show today and every time we mention it seems like they're up another 20 points it's 381 on the dow more than 1.5%, the white house looks to gain momentum as well from this robust jobs report, and the

big meeting that's coming up with kim jong-un and president trump, more on both when we return.

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connell: these news cycles can be some being else even over the course of 24 hours the white house flips the day from russia and the gop division to over the tariffs to now this big meeting with kim jong-un and the strong jobs report, so, you need the scorecard to keep up former press secretary for vice president pence joins us right now and today, the white house is pretty happy with the way things are going don't you think >> you can't not be happy when you take a look at what's happening around the world and take a look at what's happening at home with the economy it is great news and a testament to what you have when you get strong leadership with the president and president donald trump. connell: now we could take the jobs report first we've been here at fox business anyway the most focused on today. the markets up a lot today. it's up 377 points right now and the dow there were 313,000 jobs

added, unemployment rate stayed steady. wages didn't go through the roof i know people want to make more money but the fed was worried about maybe an overheating in the economy. it's almost like just right and i guess how much does the timing of these things matter political ly especially with people in his own party coming after the president this week on tariffs? >> i don't think really the typing matters, what we're see ing is continued strength, continued growth and we have an economy that's absolutely booming right now because of the actions de regulate, cut taxes and support businesses in president trump and we've got low unemployment numbers but really the number of people coming back to the labor market that shows you the confidence people have in this economy. they are coming back they are finding work and i think that is a very strong indicator of our continued strength moving forward. connell: and the president this is your line of work can the president get better media

coverage as a result of all of this do you really think whether it's the economy or maybe the meeting that's setup with kim jong-un do you think you can get better media coverage as a result of this or is that too much to ask? >> i actually think it's starting to sink in and even in some areas of the mainstream media and other outlets you are starting to see them actually give the president credit. you can't ignore the results any longer and i think that's so many people are seeing that whether it's the historic breakthrough that took place last night and what we have coming to potentially go down a path to denuclearize north korea and then the continued economic strength it's just too much that even there was a story in the new york times that talked about how strong the economy is and they really couldn't ignore it. connell: it's hurting we were told some of the senate democrat s are running in states that president trump won in the fall so there's also that. i mean, how do you control these

"narratives." i don't know if that's a great word but these cycles are something else when we go from story to story and sometimes as a pro working the white house you don't know what's next because let's be frank in the president himself who changes the news as he did last night sometimes. >> the biggest thing you face when you're in the white house is theres never one thing going on there's always 20-25 things whether they're on the headlines or in the news, they're always happening behind the scenes so that's not really anything new. i think the one thing that people are seeing though is really just the kind of leader we have in president trump. he is a businessman who really wants things done yesterday and he wants it done right away. he has no tolerance for the patience of bureaucracy and slow movement of government and i think of the american people are now getting accustomed to that rhythm that every day he wakes up and looks at what are we doing today. how are we making america great again today and why didn't we do

>> we don't know what tomorrow will bring or the next hour. thank you for coming on. the dow is through the roof today, nice gains, 377 points. the journal has a story about lloyd blank line, longtime ceo of goldman sachs, on his way out looking to exit goldman by the end of the year. what that means, the stock price jumping around. when we come back. ng stronger.. more dependable... longer lasting. in a chevy truck. and now, you can too. see why chevrolet is the most awarded and fastest growing brand the last four years overall. current competitive owners can get a total value of over eleven thousand dollars on this silverado all star when you finance with

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>> i'm one of those republicans that believes in free trade but i have to tell you free-trade doesn't mean stupid trade. if it is free, why is china charging 25% tariff?

there has got to be a middle ground that makes it better for american manufacturers and the american consumer. ashley: he sounded a little like elon musk did encouraging a middle ground on tariffs amid growing republican concern over tariffs we have been hearing about all week. they starting 14 days, sen. bill cassidy, thanks for coming on. where are you on this? there is a split in your party. where do you come down? >> we have to recognize china is doing its best to undermine international trading order. you have to acknowledge china is breaking every rule but the way it was, he excludes mexico and canada, very important trading partners from louisiana

and gives our allies the ability to opt out as well and for these allies to join them coming up with a response, trying to exploit our laws to their benefit. we can't allow that. >> one argument from the administration is china engaged in trans shipping. they didn't send their steel to go through us and that is why we had to put the tariffs on everyone across the board. what is to stop them continuing that if we have the exemptions? >> the president won mexico and canada. we are not doing that but korea does. when the president says our allies can apply and be exempt i suspect the exemption will be whether they are doing trans shipping. korean automobile using undervalued chinese steel to compete against us, that would

be considered. >> that will be something we have to watch when various countries apply for exemptions. you mentioned earlier people who might be helped by this. about different industry, energy, might be concerned about it. what are you hearing from business leaders back home? >> the port of new orleans, one of the biggest import products is steel so you -- i like the fact that he retreated from the blanket tariff to focusing on chinese steel and someone else who might be dumping. if it is an exporter coming in with steel that my end user can use it is appropriately priced, it does well, my end user does as well. ashley: there were some exemptions and we got a net

loss jobswise, one study was popular since we were down 200,000 jobs, tariffs came off early. could history repeat itself? >> it could repeat itself. i'm not an expert on the george w tariffs. whatever they raise the terrifies 2 domestic producers raise the same amount and there was cost inflation. in this case if it is chinese steel under market value, gets a tariff but it is from jerry -- germany it does not get a tariff, you expect a more appropriate pricing hopefully avoiding that. connell: but you think at the end of this we have more jobs in the united states, not fewer as a result of the tariffs? >> i would like to think so. it takes more analysis to feel comfortable with that modeling but we have to do something about china. china will debase the industrial base if we are not careful and break every rule to their advantage and we are naïve if we assume they won't.

the response takes care of others, an appropriate response. connell: there's a bigger bone with intellectual property which is coming next. don't even get you started on that. you think it will be even tougher. >> he should be tougher because steel is a dumb product, there's potential to be a platform and in terms of dollar value it is far greater with the ip they are ripping off. we need a response to china. connell: we may get one soon. we appreciate you coming on. we have a report out of the wall street journal that lloyd blankfein is getting ready to

exit as ceo, robert wolf is here to talk about that. we knew for a while that he would be getting out but if anyone is getting excited about gary cohn coming back it is not showing. >> lloyd has done a fantastic job. he has been in the industry 30 plus years. connell: it is not the goldman of old may be. >> everyone had their issues when there was a paradigm shift at the intersection of wall street and main street converging. everyone had their ups and downs. they came out strong and he has done an amazing job leading the helm. >> at the journal, not gary cohn taking over. that is why you are talking politics. i thought it was interesting

that terry mcauliffe, the governor of virginia, longtime name in democratic circles, friend of president clinton, talked about the type of democrat who might run next time around. doesn't seem like the type of democrat we have running now. the title is democrats should embrace an open economy. he is talking about globalists, democrats being globalists and proud. what should they do? >> for a democrat to win you have to be a progrowth pro-business democrat. i think there is a lot of sharp guys, tim ryan is a smart guy, joe biden obviously, and about to resonate. >> the names we hear are far left of center. you don't think that strategy

to beat from with voters that elected trump is a smart one. >> 2020 is a lifetime away. we have to see what happens in 2018 and the trajectory of what happens in other areas, healthcare, immigration can get the base going. it will be about foreign policy and the economy. three years is a lifetime. connell: vulnerable democrats look vulnerable. tough to take back the senate. is there a better chance in the house? >> to flip 24 seats is tough but we have a shot and a lot of democrats in the senate for reelection. a lot more than republicans but i disagree with the polls. i think john tester, claire mccaskill and others will do pretty well. most don't have a name against

them. >> a generic candidate that you provided when smiling and looking at the camera with a friend of yours. joe biden and robert wolf, you mentioned his name, the former vice president. connell: is he going to run? >> i spent a little time the last couple months. joe is very clear, focused on 2018. he's one of the few people that can go nationwide as a democrat and lift a candidate, he was in pennsylvania. he can go west coast, east coast, middle america, he could help joe mention, a lot of different places. connell: i am sure he thought about it lose the horrible tragic situation, the death of his son last time around was i

saw a story from politico, an older guy, 75 years old already, a younger vice presidential running mate early on to get that point across. >> i was in that article. of the 3 good idea? >> if joe decides to run he will probably be in the lead right off the bat. he has to decide if this is what he wants to do. of his heart is in it. my gut feeling is it is better than 50%. today you would have to say it is something he would like to have done in 2016 if not for bo. now he can bring the party together. connell: you are probably kicking yourself over it. he would be a better candidate than hillary clinton. >> i think hillary was a good candidate. connell: you really are

political. >> wasn't capable of winning. and participation rate. and and. and we will be right back and more.

how much money do you think you'll need in retirement? then we found out how many years that money would last them. how long do you think we'll keep -- oooooohhh! you stopped! you're gonna leave me back here at year 9? how did this happen? it turned out, a lot of people fell short, of even the average length of retirement. we have to think about not when we expect to live to, but when we could live to. let's plan for income that lasts all our years in retirement. prudential. bring your challenges.

connell: we look at at&t and time warner stock, about to learn more about the department of justice case about their mergers. charlie gasper reno is back. charles: the trial briefs before the date, the first day the government gets the case to break up the at&t time warner deal, they lay out the entire case for the government and at&t's defense today which will be presented today filed with the court and we will see what both sides are saying, how at&t defends itself and plans to

break this up. this will be one of the most closely watched trials we have seen in a long time, up there with the breakup of at&t in the old days because a lot of wall street has to ride on this and main street, both sides say this is good for main street. at&t says it is good if you don't break it up. from what i am hearing inside the trump doj, they will aggressively attack on the ground that this deal is bad for consumers and show cable agency studies, studies from comcast and charter that show how much pricing power when you combine distribution and confidence like at&t and time warner and how they, when they don't reach a deal because they jack up prices with a rival distributor, things known as blackout. copes cause tremendous harm to that

distributor and that distributor, forces that distributor to pay up for the content this creating monopolistic situation. that is a big part of the government's case and we might see that in some of the briefs. the study from charter or comcast, on the stand to discuss this. connell: they will get them sometime this afternoon. charles: i am getting a lot of heat on your comment about lent and national meatball day. connell: that was the big question of the day. why would national meatball they fall during a friday during lent? connell: why would a guy whose last name is mcshane care about meatballs? connell: i like that kind. charles: you did something right in your life. connell: you going to have meatballs today?

charles: someone called me greasy on one of my comments. connell: that was one of the colleagues. charles: this view were called me a greasy italian. connell: that we can't stand for. you look great today. dispensation. charles: olive oil, skin, and italian charm. connell: technology, what a transition, samsung has a smart phone that is getting rave reviews and hitting store shelves in a week. the tech journalist, the big question, should apple be worried about this? i have been an iphone guy for years? what is the deal. >> a lot of people nervous about jumping from one side to

the other, a lot of cool things i wish i had even if they are not making the call right away. connell: what are people excited about? >> they are pushing the needle, moving things with the camera. when it comes to low lights, a dual aperture camera, a wide aperture, 28% more light. when you take photos of something like this and also has a super slow-motion video recorder down to 960 frames per second. it makes every day activities look much more dramatic. some things are more gimmicky like the a.m. oh ambrogi, they -- you are turning yourself into an email g you can share with your friends. that is the social side but the design, the price, the better cameras, and the fact you are spending $140 less than the iphone 10. connell: that screen is bigger. >> that is the other advantage is you are getting a 6.2 inch display. the iphone 10 has 5.8 so

there's a little bit of a difference. connell: it is a lot. it is bigger. now you don't have the same deal, the home button. >> if you swipe up from the bottom there is a virtual home button. in terms of biometric security it is not as good in terms of logging in. you can't use it for samsung, just stare at the phone and it logs you would like that. it works pretty well. connell: why is apple better? >> the difference is the true depth sensor is 3-d and it could be fooled with an iris scanner but also has face more be us, apple can just do one. it is a good value. connell: years ago when

smartphones came out, that was the first thing if you don't count the old blackberries. people play around, i will try the new one and you are used to what you are used to. >> a lot of people have i in her show. you are locked into that system and a lot of people don't -- what will happen to your photos and that sort of thing. that is what samsung needs to do, get people over that hump but a new study said android users had to be more loyal than apple users which is a surprise to me. there is an opportunity here with samsung. they need to promote where they are better than apple with the lowlight camera. connell: the take i always had on apple, maybe it is a myth. once you go to an apple product you are obsessed with it for life and will never go back. you are saying that is not the case. >> people will be willing to try new things if they see the real world benefits and if they

can save money. connell: we thought 5 years ago they had come up with everything. we need better cameras. >> augmented reality features. a place of business, i will see the star rating and that sort of thing leveraging the camera for more things. connell: thank you. we will come back. more caputo coast-to-coast in a minute.

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connell: breaking news. we have verdict for former ceo martin shkreli. seven years in prison for

defrauding his investors. defense wanted as little as year, year-and-a-half, the prosecution was pushing up to 15 years. the judge split the difference. shkreli getting seven years in prison. take you through the next hour, here is trish regan. trish: we have more on martin shkreli and that sentence. this jobs report showed the strongest job growth since july 2016. 313,000 jobs added to our economy. today marks the ninth anniversary of this bull market. the dow up 370 points, looks like no signs of slow you done